TY 2018 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	13,757	22,829	22,829
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,755,810	1,772,237	2,127,478
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,769,567	1,795,066	2,150,307
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................		2,829
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	2,829
		Foundations that follow SFAS 117, check here
		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
		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	1,769,567	1,792,237
	30	Total net assets or fund balances (see instructions).....	1,769,567	1,792,237
	31	Total liabilities and net assets/fund balances (see instructions).	1,769,567	1,795,066

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

1,769,567

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

22,670

Other increases not included in line 2 (itemize) bullet

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

1,792,237

Decreases not included in line 2 (itemize) bullet

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

1,792,237

(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	4,400 SHS K2M GROUP HOLDINGS INC	D	2018-08-27	2018-11-09
b	143 SHS ISHARES TR S&P 500 GROWTH	P		2019-04-11
c	639.932 SHS FIRST EAGLE OVERSEAS FUND	P		2019-05-28
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	121,000	100,320	20,680
b	25,038	13,698	11,340
c	15,000	15,215	-215
d	28,788		28,788
e

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			20,680
b			11,340
c			-215
d			28,788
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	60,593
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

(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	150,000	2,133,077	0.070321
2016	149,732	1,971,069	0.075965
2015	50,000	1,967,955	0.025407
2014	147,330	2,021,741	0.072873
2013	50,000	1,318,225	0.037930

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

0.282496

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.056499

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

2,195,885

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

124,065

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

916

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

124,981

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

175,000

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.

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	916
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	916
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	916
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	370
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,750
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,120
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	17
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,187
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax1,187	Refunded	11	0

(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
LEWIS E S PARKER	PRESIDENT 1.00	0	0	0
38906 MT GILEAD ROAD LEESBURG,VA20175
ANDREA L COX	DIRECTOR 0.00	0	0	0
11633 GREENSPRING AVE LUTHERVILLE,MD21093
LARA PARKER MAJOR	DIRECTOR 0.00	0	0	0
38253 NORTH FORK ROAD PURCELLVILLE,VA20132
WAYNE ZELL	DIRECTOR 0.00	0	0	0
1775 WIEHLE AVE RESTON,VA20190

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	GRANT CONTRIBUTRED TO JOHNS HOPKINS UNIVERSITY GRANTS DIVISION FOR RESEARCH WORK OF DR. JELANI ZARIF.	50,000
2	GRANT CONTRIBUTED TO JOHNS HOPKINS UNIVERSITY RESEARCH ADMINISTRATION FOR RESEARCH WORK OF DR. FENGYI WAN	50,000
3	GRANT CONTRIBUTED TO JOHNS HOPKINS DEPT OF MEDICINE DIVISION OF INFECTIOUS DISEASES FOR REARCH WORK OF DR. WILLIAM OSBURN.	50,000
4	GRANT CONTRIBUTRED TO UNIVERSITY OF VIRIGNIA SCHOOL OF MEDICINE DEPARTMENT OF SURGERY FOR RESEARCH WORK OF DR. ILEANA MAULDIN.	25,000

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

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					108,878
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......	28,351
c From 2015......
d From 2016......	51,715
e From 2017......	44,500
fTotal of lines 3a through e........		124,566
4Qualifying distributions for 2018 from Part
XII, line 4: $ 175,000
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.....					108,878
e Remaining amount distributed out of corpus		66,122
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		190,688
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 ......		190,688
10 Analysis of line 9:
a Excess from 2014....	28,351
b Excess from 2015....
c Excess from 2016....	51,715
d Excess from 2017....	44,500
e Excess from 2018....	66,122

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

LEWIS E S PARKER
38906 MT GILEAD ROAD
LEESBURG,VA20175
(703) 777-8225
LEWISESPARKER@GMAIL.COM

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

APPLICANTS ARE REQUIRED TO SUBMIT A COMPLETE BIOGRAPHICAL RECORD WITH SUPPORTING MATERIAL, INCLUDING A REPORT ON THEIR ACADEMIC AND PROFESSIONAL CAREERS, A DETAILED STATEMENT OF THEIR TRAINING PLANS, A STATEMENT OF THEIR PLANS AND COMMITMENTS AFTER THE PROGRAM, LETTERS OF REFERENCE (WHICH INCLUDE RECOMMENDATIONS FROM ADVISORS) AND LISTS OF PUBLICATIONS, IF ANY. EACH APPLICANT MUST ALSO CONVINCE THE FOUNDATION OF ITS FINANCIAL NEED FOR THE GRANT FUNDS.

cAny submission deadlines:

FEBRUARY 28TH OF EACH YEAR

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

GRANTEES ARE EXPECTED TO PURSUE A CAREER IN A SPECIALIZED FIELD CONSISTENT WITH THE CHARITABLE PURPOSES FOR WHICH THE FOUNDATION WAS ORGANIZED, WHICH INCLUDE MEDICAL RESEARCH OR STUDY AT COLLEGES, UNIVERSITIES, OR GRADUATE SCHOOLS WITH A FOCUS ON MEDICAL RESEARCH. IN EACH CASE, IT IS STIPULATED THAT A RENEWAL OF THE GRANT FOR ANY SUCCEEDING PERIOD IS CONTINGENT UPON EVIDENCE OF ADEQUATE PERFORMANCE AT THE TIME OF THE REVIEW WHICH INCLUDES A GRANT PROGRESS REPORT DUE NO LATER THAN ONE MONTH FOLLOWING COMPLETION OF THE GRANT.

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
JOHNS HOPKINS UNIVERSITY GRANTS DIVISION 1650 ORLEANS STREET BALTIMORE,MD21287	N/A	PC	GRANT 1901 - DR. JELANI ZARIF	50,000
JOHNS HOPKINS UNIVERSITY RESEARCH ADMINISTRATION 1101 E 33RD ST STE B001 BALTIMORE,MD21218	N/A	PC	GRANT 1902 - DR. FENGYI WAN	50,000
JOHNS HOPKINS UNIVERSITY DEPT OF MEDICINE DIVISION OF INFECTIOUS DISEASES 1830 E MONUMENT STREET ROOM 450C BALTIMORE,MD21205	N/A	PC	GRANT 1903 - DR. WILLIAM OSBURN	50,000
UNIVERSITY OF VIRIGNIA SCHOOL OF MEDICINE DEPARTMENT OF SURGERY PO BOX 800709 CHARLOTTESVILLE,VA229080709	N/A	PC	GRATN 1904 - DR. ILEANA MAULDIN	25,000
Total ................................. 3a				175,000

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	100,320
2	Check .............
3	Interest on savings and temporary cash investments	436		436
4	Dividends and interest from securities...	49,651		40,980
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		60,593
b	Gross sales price for all assets on line 6a 189,826
7	Capital gain net income (from Part IV, line 2)...			60,593
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........	211,000		102,009
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		11,178	9,708	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,152	652	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	13,330		10,360	0
25	Contributions, gifts, grants paid.......	175,000			175,000
26	Total expenses and disbursements. Add lines 24 and 25	188,330		10,360	175,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	22,670
b	Net investment income (if negative, enter -0-)			91,649
c	Adjusted net income (if negative, enter -0-)...

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

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	436
4 Dividends and interest from securities....			14	49,651
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	60,593
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		110,680	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.


(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...................				0

bApproved for future payment

Total ................................. 3b				0

Name of organization WILLOWCROFT FOUNDATION

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	LEWIS ES PARKER 38906 MT GILEAD ROAD LEESBURG, VA20176	$ 100,320	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

Name of organization WILLOWCROFT FOUNDATION		Employer identification number 27-0560959

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	4,400 SHARES K2M GROUP HOLDINGS INC.	$ 100,320	2018-08-27
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2018)


Name of organization WILLOWCROFT FOUNDATION			Employer identification number 27-0560959
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.) $ Use duplicate copies of Part III if additional space is needed.

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ISHARES TR S&P 500 GROWTH ETF	178,163	287,859
REVENUESHARES LARGE CAP FUND	120,316	174,232
OPPENHEIMER MID CAP REVENUE ETF	174,081	221,610
SPDR BARCLAYS CAPITAL CONVERTIBLE	94,959	101,775
VANGUARD HIGH DIV YIELD ETF	115,030	156,410
CENTER COAST MLP FOCUS I	143,997	107,670
CLEARBRIDGE AGGRESSIVE GRWTH I	178,575	168,465
FIRST EAGLE OVERSEAS I	193,594	203,478
FRANKLIN RISING DIVIDENDS ADV	113,086	138,175
ISHARES TR US REGNL BKS ETF	136,489	172,217
ISHARES TR CORE S&P 500	25,017	35,960
ISHARES TR NASDQ BIOTEC	130,048	153,504
ISHARES TR U.S. TECH ETF	29,912	54,024
ISHARES TR EUROPE ETF	70,622	73,729
ISHARES TR MRGSTR MD CP ETF	68,348	78,370

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES	9,708	9,708		0
ADMINISTRATIVE ASSISTANCE	1,470	0		0

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
2017 FEDERAL EXCISE TAXES	1,500	0		0
FOREIGN TAXES WITHHELD AT SOURCE	652	652		0

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