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 06-01-2018 , and ending 05-31-2019
Name of foundation
THE SANDY RIVER CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)349 VOTER HILL RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FARMINGTON, ME04938
A Employer identification number

52-2029911
B Telephone number (see instructions)

(610) 260-0689
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$36,640,411J Accounting method:
Modified Cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 595 595  
4 Dividends and interest from securities... 826,680 826,680  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 680,316
b Gross sales price for all assets on line 6a 13,484,363
7 Capital gain net income (from Part IV, line 2)... 680,316
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).......      
12 Total. Add lines 1 through 11........ 1,507,591 1,507,591  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 47,323 4,732   42,591
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 3,585 358   3,227
16a Legal fees (attach schedule)......... Click to see attachment 329 0   329
b Accounting fees (attach schedule)....... Click to see attachment 57,968 5,797   52,171
c Other professional fees (attach schedule).... Click to see attachment 264,926 264,926   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 45,570 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 6,184 0   6,184
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 10,410 0   10,410
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 436,295 275,813   114,912
25 Contributions, gifts, grants paid....... 1,556,820 1,556,820
26 Total expenses and disbursements. Add lines 24 and 25 1,993,115 275,813   1,671,732
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -485,524
b Net investment income (if negative, enter -0-) 1,231,778
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets 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............. 243,720 105,497 105,497
2 Savings and temporary cash investments......... 1,610,469 2,322,375 2,322,375
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).....      
7 Other notes and loans receivable (attach schedule) bullet5,706,081
Less: allowance for doubtful accounts bullet0 5,985,030 5,706,081 5,706,081
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,827,155 Click to see attachment1,561,334 1,561,334
b Investments—corporate stock (attach schedule)....... 18,920,181 Click to see attachment17,673,379 17,673,379
c Investments—corporate bonds (attach schedule)....... 3,827,916 Click to see attachment2,308,386 2,308,386
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,289,588 Click to see attachment5,774,412 6,288,359
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment825,000 Click to see attachment675,000 Click to see attachment675,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,529,059 36,126,464 36,640,411
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 37,529,059 36,126,464
30 Total net assets or fund balances (see instructions)..... 37,529,059 36,126,464
31 Total liabilities and net assets/fund balances (see instructions). 37,529,059 36,126,464
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
37,529,059
2
Enter amount from Part I, line 27a .....................
2
-485,524
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
37,043,535
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
917,071
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
36,126,464
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 PUBLICLY TRADED SECURITIES - SCHWAB ACCOUNTS P    
b PUBLICLY TRADED SECURITIES - SCHWAB ACCOUNTS P    
c PASSTHROUGH FROM CEI COMMUNITY VENTURES P    
d PASSTHROUGH FROM COASTAL VENTURES III P    
e PASSTHROUGH FROM COASTAL VENTURES IV P    
PASSTHROUGH FROM PATIENT CAPITAL COLLABORATIVE 09 P    
PASSTHROUGH FROM PATIENT CAPITAL COLLABORATIVE 13 P    
PASSTHROUGH FROM PATIENT CAPITAL COLLABORATIVE 13 P    
PASSTHROUGH FROM RSF MEZZANINE FUND LP P    
PASSTHROUGH FROM THE BLACKSTONE GROUP LP P    
PASSTHROUGH FROM TEEKAY LNG PARTNERS LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 10,739,999   10,681,452 58,547
b 2,742,303   1,975,099 767,204
c       -126,543
d       5,785
e       -89
      8,078
      6,677
      8,663
      -49,504
      104
      -667
2,061     2,061
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       58,547
b       767,204
c       -126,543
d       5,785
e       -89
      8,078
      6,677
      8,663
      -49,504
      104
      -667
      2,061
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 2 680,316
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 1,484,363 35,793,670 0.041470
2016 2,112,471 33,580,845 0.062907
2015 2,582,242 33,746,263 0.076519
2014 1,857,814 36,862,973 0.050398
2013 2,209,324 36,017,794 0.061340
2
Total of line 1, column (d) .....................
2
0.292634
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
0.058527
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
35,722,720
5
Multiply line 4 by line 3......................
5
2,090,744
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,318
7
Add lines 5 and 6........................
7
2,103,062
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,671,732
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 24,636
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 24,636
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 24,636
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 28,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 1,676
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,676
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 629
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 4,411
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet4,411 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
 
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)
    bulletME
    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 addressbulletSRCFOUNDATION.ORG
    14
    The books are in care ofbulletBALDWIN FAMILY OFFICE LLC Telephone no.bullet (610) 260-0689

    Located atbullet100 FOUR FALLS CORP CENTER STE 202WEST CONSHOHOCKENPA ZIP+4bullet19428
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ARCHIE W BERRY JR PRESIDENT
    1.00     		0 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    NATHANAEL W BERRY VICE PRESIDENT / SECRETARY
    24.00     		47,323 3,585 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    JON W BERRY TREASURER
    1.00     		0 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    NAN BERRY DIRECTOR
    1.00     		0 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    MARLA S BERRY DIRECTOR
    1.00     		0 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    SUPHAPORN V BERRY DIRECTOR
    1.00     		0 0 0
    100 FOUR FALLS CORP CTR STE 202
    WEST CONSHOHOCKEN,PA19428
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    34,177,875
    b
    Average of monthly cash balances.......................
    1b
    2,088,846
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,266,721
    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
    36,266,721
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    544,001
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,722,720
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,786,136
    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
    1,786,136
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    24,636
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,636
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,761,500
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    150,000
    5
    Add lines 3 and 4............................
    5
    1,911,500
    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
    1,911,500
    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
    1,671,732
    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
     
    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
    1,671,732
    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
    1,671,732
    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 1,911,500
    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...... 57,227
    b From 2014...... 41,663
    c From 2015...... 823,291
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 922,181
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,671,732
    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..... 1,671,732
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 239,768 239,768
    (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 5 682,413
    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 ......     		682,413
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 682,413
    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
    BUSINESS ALLIANCE FOR LOCAL LIVING ECON
    23 BROADWAY
    OAKLAND,CA94612     		NONE PUBLIC CHARITY GENERAL OPER 20,000
    CHESTER COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER
    22 N 5TH AVENUE
    COATESVILLE,PA19320     		NONE PUBLIC CHARITY GENERAL OPERATING 20,000
    CULTIVATING COMMUNITY
    PO BOX 3792
    PORTLAND,ME04104     		NONE PUBLIC CHARITY GENERAL OPERATING 25,000
    CULTIVATING COMMUNITY
    PO BOX 3792
    PORTLAND,ME04104     		NONE PUBLIC CHARITY GENERAL OPERATING 10,000
    FARMINGTON AREA ECUMENICAL MINISTRY
    227 MAIN STREET
    FARMINGTON,ME04938     		NONE PUBLIC CHARITY ECUMENICAL HEAT DANCE 5,000
    FARMINGTON AREA ECUMENICAL MINISTRY
    227 MAIN STREET
    FARMINGTON,ME04938     		NONE PUBLIC CHARITY ECUMENICAL HEAT DANCE 5,000
    FOOD CONNECTS INC
    8 UNIVERSITY WAY SUITE 1
    BATTLEBORO,VT05301     		NONE PUBLIC CHARITY WAREHOUSE PLANNING AND TECHONOLOGY TRANSITION 5,000
    FOR PETE'S SAKE CANCER RESPITE FOUNDATION
    620 W GERMANTOWN PIKE SUITE 250
    PLYMOUTH MEETING,PA19462     		NONE PUBLIC CHARITY PROJECT SUPPORT 25,000
    GOOD SHEPHERD FOOD BANK
    PO BOX 1807
    AUBURN,ME04211     		NONE PUBLIC CHARITY MAINE FEEDING MAINERS 100,000
    HAWTHORNE VALLEY ASSOCIATION INC
    327 COUNTY ROAD
    GHENT,NY12075     		NONE PUBLIC CHARITY FARM ECOLOGY PROGRAM 60,000
    HEALTH & WELFARE COUNCIL OF NASSAU COUNTY
    150 BROADHOLLOW RD
    MELVILLE,NY11747     		NONE PUBLIC CHARITY GENERAL OPER 75,000
    HOLT INTERNATIONAL CHILDREN'S SERVICES
    1195 CITY VIEW STREET
    EUGENE,OR97402     		NONE PUBLIC CHARITY CHILD NUTRITION PROGRAM 200,000
    INFORMATION TRUST EXCHANGE GOVERNING ASSOCATION
    PO BOX 367
    WILLIAMSTOWN,MA01267     		NONE PUBLIC CHARITY GENERAL OPERATING 10,000
    INQUIRING SYSTEMS INC
    21885 BONNESS RD
    SONOMA,CA95476     		NONE PUBLIC CHARITY NE COFED FELLOW 45,000
    INTERVALE CENTER
    180 INTERVALE ROAD
    BURLINGTON,VT05401     		NONE PUBLIC CHARITY GENERAL OPERATING 100,000
    MAINE CHILDRENS HOME FOR LITTLE WANDERERS
    93 SILVER STREET
    WATERVILLE,ME04901     		NONE PUBLIC CHARITY EXPANSION WITH FOCUS ON SOUTHERN MAINE 15,000
    MAINE PHILANTHROPY CENTER
    PO BOX 9301
    PORTLAND,ME04104     		NONE PUBLIC CHARITY GRANT PORTION OF MEMBERSHIP CONTRIBUTION 5,150
    MIDDLE COUNTRY LIBRARY FOUNDATION INC
    101 EASTWOOD BLVD
    CENTERREACH,NY117202745     		NONE PUBLIC CHARITY GENERAL OPERATING 22,800
    NE GRASSROOTS ENVIRONMENT FOUNDATION
    PO BOX 611
    NEWMARKET,NH03857     		NONE PUBLIC CHARITY NEW ENGLAND GRASSROOTS ENVIRONMENTAL FUND 17,500
    NEW HAMPSHIRE COMMUNITY LOAN FUND
    7 WALL STREET
    CONCORD,NH03301     		NONE PUBLIC CHARITY GENERAL OPERATING 50,000
    OAK GROVE SCHOOL FOUNDATION
    86 WINTHROP ST
    AUGUSTA,ME04330     		NONE PUBLIC CHARITY CENTRAL MAINE MINI GRANT PROJECT 50,000
    OREGON STATE UNIVERSITY
    104 KERR ADMIN BUILDING
    CORVALLIS,OR97331     		NONE PUBLIC CHARITY GENERAL OPERATING 15,000
    PHILABUNDANCE
    3616 S GALLOWAY STREET
    PHILADELPHIA,PA19148     		NONE PUBLIC CHARITY PHILABUNDANCE COMMUNITY KITCHEN 2.0 100,000
    PHILADELPHIA ZOO
    3400 W GIRARD AVENUE
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY SUSTAINABLE MANAGER 85,000
    PHILANTHROPY NEW YORK
    79 FIFTH AVENUE
    NEW YORK,NY100033076     		NONE PUBLIC CHARITY GENERAL OPERATING 2,370
    RUDOLF STEINER FOUNDATIONA INC DBA RSF SOCIAL FINANCE
    1002 OREILLY AVENUE
    SAN FRANCISCO,CA94129     		NONE PUBLIC CHARITY WOMEN'S CAPITAL COLLABORATIVE 20,000
    SALVATION FARMS
    PO BOX 1174
    MORRISVILLE,VT05661     		NONE PUBLIC CHARITY GENERAL OPERATING 30,000
    ST MARY'S NUTRITION CENTER
    208 BATES ST PO BOX 7291
    LEWISTON,ME04240     		NONE PUBLIC CHARITY GENERAL OPERATING 10,000
    STROLLING OF THE HEIFERS INC
    105 PARTRIDGE RD
    E DUMMERSTON,VT05346     		NONE PUBLIC CHARITY WINDHAM GROWS EXPANSION 105,000
    STROLLING OF THE HEIFERS INC
    105 PARTRIDGE RD
    E DUMMERSTON,VT05346     		NONE PUBLIC CHARITY FARM TO TABLE APPRENTICE 20,000
    STROLLING OF THE HEIFERS INC
    105 PARTRIDGE RD
    E DUMMERSTON,VT05346     		NONE PUBLIC CHARITY WINDHAM GROVE MATCH 30,000
    SUPPORT CENTER FOR CHILDHOOD ADVOCATES
    1617 JFK BOULEVARD SUITE 1200
    PHILADELPHIA,PA19103     		NONE PUBLIC CHARITY IMPACT CAMPAIGN 20,000
    THE CARROT PROJECT CORP
    89 SOUTH STREET SUITE 700
    BOSTON,MA02111     		NONE PUBLIC CHARITY BOSTON AREA DEVELOPMENT 40,000
    TIDES CENTERNESAWG
    PO BOX 2247
    KINGSTON,NY12402     		NONE PUBLIC CHARITY GENERAL OPERATING 40,000
    VERMONT COMMUNITY FOUNDATION
    3 COURT STREET
    MIDDLEBURY,VT05753     		NONE PUBLIC CHARITY FOOD FUNDERS NETWORK 2,000
    VERMONT COMMUNITY FOUNDATION
    3 COURT STREET
    MIDDLEBURY,VT05753     		NONE PUBLIC CHARITY GENERAL OPERATING 2,000
    VERMONT SUSTAINABLE JOBS FUNDS INC
    3 PITKIN COURT SUITE 301
    MONTPELIER,VT05602     		NONE PUBLIC CHARITY GENERAL OPERATING 75,000
    WAGNER FREE INSTITUTE OF SCIENCE
    1700 MONTGOMERY AVE
    PHILADELPHIA,PA19121     		NONE PUBLIC CHARITY GENERAL OPERATING 50,000
    WESTERN MAINE ALLIANCE
    PO BOX 29
    FARMINGTON,ME04938     		NONE PUBLIC CHARITY GENERAL OPERATING 20,000
    WILLIAM WAY LGBT COMMUNITY CENTER
    1315 SPRUCE STREET
    PHILADELPHIA,PA19107     		NONE PUBLIC CHARITY ARCHIVES PROJECT 25,000
    Total .................................bullet 3a 1,556,820
    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 ...........     		    14 595  
    4 Dividends and interest from securities....     14 826,680  
    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.....     14    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 680,316  
    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 1,507,591 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,507,591
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/ADMIN/TAX FEES 57,968 5,797   52,171

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Name of Bond End of Year Book Value End of Year Fair Market Value
    FANNIE MAE 3140J6EW3 - 289000 225,542 225,542
    FEDERAL HOME LN - 3137EAEL9 - 110000 110,682 110,682
    FEDERAL NATL MTG - 3138ESAD0 - 257000 173,014 173,014
    FEDERAL NATL MTG - 3140J7RS6 - 50000 41,294 41,294
    FEDERAL NATL MTG - 3140J83Y7 - 12000 11,727 11,727
    FEDERAL NATL MTG - 3140J84G5 - 50000 5,186 5,186
    FEDERAL NATL MTG AS - 3140J7MQ5 - 1000 832 832
    FHLMC C0 - 31292LHA6 - 38000 7,378 7,378
    FHLMC G 3128M8YE8 - 3000 383 383
    FHLMC G 3128M9Q47 - 39000 14,123 14,123
    FHLMC G 3128M9XLI - 72000 15,712 15,712
    FHLMC G 31335ATC2 - 3000 1,308 1,308
    FHLMC G61570 31335BW77 - 12000 11,486 11,486
    FHLMC G60409 31335AN20 - 8000 4,114 4,114
    FHLMC G61592 31335BXV3 - 25000 24,290 24,290
    FHLMC G61603 31335BX84 - 24000 23,245 23,245
    FHLMC G61654 31335BZT6 - 18000 17,542 17,542
    FHLMC G61748 31335B5H5 - 86000 85,103 85,103
    FNMA PL 890362 31410LFB3 - 15000 5,082 5,082
    FNMA PL 932388 31412Q2V0 - 25000 6,271 6,271
    FNMA PL AB2894 31416YGC6 - 22000 5,896 5,896
    FNMA PL AB2895 31416YGD4 - 75000 11,559 11,559
    FNMA PL AB2896 31416YGE2 - 5000 732 732
    FNMA PL AB2959 31416YJD1 - 10000 2,543 2,543
    FNMA PL AC 31417QV68 - 12000 3,391 3,391
    FNMA PL AL9570 3138ERT42 - 10000 6,969 6,969
    FNMA PL BF0174 3140FXFQ0 - 162000 138,212 138,212
    FNMA PL BJ2485 3140H3XP6 - 31000 27,453 27,453
    FNMA PL BM1886 3140J6CY1 - 114000 93,956 93,956
    FNMA PL BM3374 3140J7XC4 - 55000 49,603 49,603
    FNMA PL BM3564 3140J76A8 - 57000 51,921 51,921
    FNMA PL BM4493 3140J87F4 - 97000 94,695 94,695
    FNMA PL BM4495 3140J87HO - 20000 19,611 19,611
    FNMA PL BM4681 3140J9FX4 - 158000 154,727 154,727
    FNMA PL BM5967 3140JATZ1 - 20000 21,287 21,287
    FNMA PL CA0522 3140Q7SL2 - 293000 271,272 271,272
    FNMA PL CA1182 3140Q8J48 - 293000 376,167 376,167
    FNMA PL CA2803 3140QADH0 - 35000 35,480 35,480
    FREDDIE MAC 3134A4KX1 - 105000 149,282 149,282
    GNMA PL AR8429C 36193FLJ4 - 2000 808 808
    GNMA PL AS6771C 36193SQY8 - 3000 878 878
    GNMA PL MA3602M 36179SAB3 - 5000 1,952 1,952
    GNMA PL MA4074M 36179SQ34 - 7000 3,554 3,554
    GNMA PL MA4201M 36179SU21 - 4000 2,124 2,124

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - ABT - 1000SH 76,130 76,130
    ABBVIE INC -ABBV - 1000SH 76,710 76,710
    ADIDAS - ADDYY - 1025SH 146,437 146,437
    AIA GROUP LTD - 2515SH 94,765 94,765
    ALCON INC. - 407SH 23,679 23,679
    ALPHABET INC CLASS A - GOOGL 50SH 55,325 55,325
    ALPHABET INC CLASS C - GOOG - 50SH 55,182 55,182
    ALTABA INCORPORATED - AABA - 40SH 2,368 2,368
    AMAZON.COM INC - AMZN - 40SH 71,003 71,003
    AMERICAN TOWER REIT - AMT - 1000SH 208,770 208,770
    APPLE COMPUTER INC - 800SH 306,373 306,373
    AUTODESK INC - ADSK - 800SH 128,728 128,728
    AXA ADS - AXAHY - 2050SH 50,328 50,328
    BAYER A G SPONSORED ADR - BAYRY - 4952 73,042 73,042
    BEIJING ENTERPRISES WATER GROUP LTD - BJWTF - 113534SH 60,401 60,401
    BERKSHIRE HATHAWAY CL A - BRK'A - 13SH 3,861,780 3,861,780
    BLACKROCK INC - BLK - 400SH 166,224 166,224
    BOEING CO - BA - 100 34,161 34,161
    BROADCOM LIMITED - AVGO - 125SH 31,455 31,455
    BROOKFIELD RENEWABLE PARTNERS LP - BEP - 2500 SH 80,475 80,475
    CARNIVAL CORP - CCL - 2055SH 105,195 105,195
    CH ROBINSON WORLDWIDE INC - CHRW - 950SH 75,649 75,649
    CHECK POINT SOFTWARE TECHNOLOGIES - CHKP - 3100 SH 341,868 341,868
    CISCO SYSTEMS INC - CSCO - 10000SH 520,300 520,300
    CK ASSET HOLDINGS LTD - CHKGF - 6000SH 43,403 43,403
    CK HUTCHISON HOLDINGS LTD - CKHUF - 6000SH 56,685 56,685
    COMCAST CORP - 1000SH 41,000 41,000
    CONOCOPHILLIPS - COP - 4400SH 259,424 259,424
    COSTCO WHOLESALE CORPORATION - COST - 300SH 71,874 71,874
    CVS CORP - 700SH 36,659 36,659
    DANAHER CORP - DHR - 2000SH 264,020 264,020
    DANONE SPON ADR - DANOY - 1400SH 22,403 22,403
    EDWARDS LIFESCIENCES CORP - 400SH 68,280 68,280
    ENN ENERGY HOLDING LTD - 7299SH 65,651 65,651
    EOG RESOURCES INC - EOG - 500SH 40,940 40,940
    FACEBOOK INC - FB - 500 88,735 88,735
    FANUC CORPORATION - FANUY - 5000SH 84,050 84,050
    FIRST TR ISE CLOUD COMP ETF - SKYY - 1000SH 56,310 56,310
    FMC CORP - FMC - 300SH 22,035 22,035
    FORTIVE CORP - FTV - 1000SH 76,150 76,150
    GENERAL DYNAMICS CORP - GD - 400SH 64,328 64,328
    GOLDMAN SACHS GROUP INC - GS - 500SH 91,245 91,245
    HSBC PLC SPON ADR - HSBC - 975SH 39,751 39,751
    IAC/INTERACTIVE CORP - 150SH 33,128 33,128
    ICICI BANK LTD ADR - IBN - 9900SH 118,800 118,800
    INFOSYS TECHNOLOGIES LTD - INFY - 21200 221,964 221,964
    INTEL CORP - INTC - 6000SH 264,240 264,240
    ISHARES FRONTIER FUND - FM - 3100SH 89,001 89,001
    ITAU UNIBANCO MULTIPLO ADR ITUB - 12198SH 108,562 108,562
    J.P. MORGAN CHASE & CO - JPM - 900SH 95,364 95,364
    KOMATSU LTD ADR NEW - KMTUY - 5200SH 114,348 114,348
    LAS VEGAS SANDS CORP - LVS - 1100SH 60,500 60,500
    MARATHON PETROLEUM CORP - 2067SH 95,061 95,061
    MARRIOTT INTL INC CL A - 250SH 31,210 31,210
    MARRIOTT VACATIONS - VAC - 300SH 26,970 26,970
    MARSH & MCLENNAN CO INC - MMC - 500SH 47,800 47,800
    MASTERCARD INC - MA - 500SH 125,745 125,745
    MAXLINEAR INC - MXL - 5000SH 105,850 105,850
    MC CORMICK & CO INC N-VT - MKC - 200SH 31,208 31,208
    METTLER TOLEDO INTL INC - MTD - 1147SH 829,384 829,384
    MICROSOFT CORP. - MSFT - 5000SH 618,400 618,400
    NIKE INC - NKE - 900SH 69,426 69,426
    NOBLE ENERGY INC - NBL - 900SH 19,260 19,260
    NORFOLK SOUTHERN CORP - NSC - 3000SH 585,420 585,420
    NOVARTIS A G SPON ADR - NVS - 2036SH 174,363 174,363
    NOVO NORDISK - NVO - 2500SH 118,000 118,000
    NUTRIEN LTD - NTR - 720SH 35,093 35,093
    NXP SEMICONDUCTORS N.V. - NXPI - 800SH 92,568 92,568
    ON SEMICONDUCTOR CO - ON - 2000SH 35,520 35,520
    PDC ENERGY INC - PDCE - 3000SH 91,560 91,560
    PHILLIPS 66 - PSX - 4000SH 323,200 323,200
    PROCTER & GAMBLE CO. - PG - 1000SH 102,910 102,910
    PROGRESSIVE CORP- PGR - 1500SH 118,920 118,920
    PRUDENTIAL FINANCIAL INC - PRU - 475SH 43,881 43,881
    PT INDOCEMENT TUNGGAL PRAKARSA - PITPF - 40000SH 59,425 59,425
    QUALCOMM INC - QCOM - 10000SH 668,200 668,200
    ROCHE HOLDING LTD SPON ADR - 3000SH 98,640 98,640
    ROYAL DUTCH SHELL A ADRF - RDSA - 2100SH 129,801 129,801
    RYANAIR HOLDINGS PLC - RYAAY - 2193SH 143,027 143,027
    SCHLUMBERGER LTD - SLB - 1545SH 53,596 53,596
    SFL CORPORATION LTD - 4951SH 61,293 61,293
    SHOPIFY INC - SHOP - 500SH 137,450 137,450
    SPDR GOLD TRUST - GLD -1000 123,330 123,330
    SYMANTEC CORP - SYMC - 14000SH 262,220 262,220
    TAIWAN SEMICONDUCTOR MFG CO LTD SPON ADR - TSM - 6234SH 239,074 239,074
    TAKE TWO INTERACTIVE SOFTWARE INC - TTWO - 12000SH 1,297,800 1,297,800
    TAL EDUCATION GROUP - TAL - 7950SH 273,560 273,560
    TATA MOTORS LTD - TTM - 6462SH 80,840 80,840
    TEEKAY LNG PRTNS - TGP - 2000SH 52,520 52,520
    TIDEWATER INC NEW - TDW - 95SH 2,024 2,024
    TIDEWATER INC NEW 23 WTS - TDDTW - 167SH 501 501
    TIDEWATER INC NEW 23 WTS - TDWTW - 154SH 521 521
    TIFFANY & CO - TIF - 450SH 40,100 40,100
    TRACTOR SUPPLY COMPANY - TSCO - 3000SH 302,340 302,340
    TRIP.COM GROUP LTD - 1600SH 55,296 55,296
    UNITED TECHNOLOGIES - 700SH 88,410 88,410
    VERIZON COMMUNICATIONS - VZ - 591SH 32,121 32,121
    VISA INC. - V -1200SH 193,596 193,596
    WAL-MART DE MEXICO CV SPN ADR CL V - WMMVY - 3850SH 108,647 108,647
    ZOETIS INC - ZTS - 2000SH 202,100 202,100

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    US Government Securities - End of Year Book Value:

    1,561,334
    US Government Securities - End of Year Fair Market Value:

    1,561,334
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCION FRONTIER INCLUSION FUND AT COST 1,002,943 1,527,752
    ACCION QUONA INCLUSION FUND LP AT COST 305,421 294,559
    COASTAL VENTURES LP II AT COST 302,781 302,781
    COASTAL VENTURES LP IV AT COST 132,048 132,048
    COASTAL VENTURES, LP III AT COST 4,418 4,418
    FINCLUSIVE AT COST 750,000 750,000
    FULL SUN CONVERTIBLE PREFERRED AT COST 93,499 93,499
    MAMASEZZ FOODS INC AT COST 250,000 250,000
    PATIENT CAPITAL COLLAB. 13 AT COST 116,624 116,624
    PATIENT CAPITAL COLLAB. '11 AT COST 17,731 17,731
    PATIENT CAPITAL COLLABORATIVE ' 09 AT COST 28,422 28,422
    STEINER FOUNDATION AT COST 1,807,554 1,807,554
    VICTORY FOOD HOLDINGS SER A PFD AT COST 216,875 216,875
    VSJF FLEX CAPITAL FUND AT COST 192,596 192,596
    WHITETHORNE LLC AT COST 553,500 553,500

    TY 2018 LegalFeesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 329 0   329


    TY 2018 OtherAssetsSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    CEI INVESTMENT NOTES (PRI) 50,000 50,000 50,000
    SOMERSET ECONOMIC DEVELOPMENT CORP NOTES (PRI) 150,000 150,000 150,000
    THIRD SECTOR NEW ENGLAND NOTES (PRI) 150,000 150,000 150,000
    THIRD SECTOR NEW ENGLAND NOTES (PRI) 150,000 0 0
    COMMUNITY CONCEPTS FINANCE CORPORATION (PRI) 250,000 250,000 250,000
    WESTERN MAINE COMMUNITY ACTION (PRI) 75,000 75,000 75,000


    TY 2018 OtherDecreasesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Description Amount
    CHANGE IN UNREALIZED APPRECIATION 917,071


    TY 2018 OtherExpensesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 60 0   60
    DUES/MEMBERSHIP FEES 10,350 0   10,350


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCION FRONTIER INCLUSION FUND PORTFOLIO EXPENSES 44,384 44,384   0
    BROOKFIELD RENEWABLE PARTNERS LP 325 325   0
    INVESTMENT MANAGEMENT FEES (SCHWAB ACCOUNTS) 214,919 214,919   0
    POWERSHARES DB AGRICULTURE FUND 79 79   0
    RSF MEZZANINE FUND, LP (PORTFOLIO DEDUCTIONS) 1,100 1,100   0
    TEEKAY LNG PARTNERS LP 4,096 4,096   0
    THE BLACKSTONE GROUP LP 23 23   0


    TY 2018 TaxesSchedule
    Name:
    THE SANDY RIVER CHARITABLE FOUNDATION
    EIN:
    52-2029911
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 12,070 0   0
    FEDERAL EXCISE TAXES 33,500 0   0