TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019

Name of foundation
THE HOPPE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)13303 NW SPRINGVILLE RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PORTLAND, OR97229

A Employer identification number

91-2144087

B Telephone number (see instructions)

(541) 476-5012

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$10,463,893J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)	6,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	325,381		325,381
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-7,450
b	Gross sales price for all assets on line 6a 6,853,016
7	Capital gain net income (from Part IV, line 2)...			0
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).......		936	0
12	Total. Add lines 1 through 11........	324,867		325,381
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).......		9,430	4,715	4,715
c	Other professional fees (attach schedule)....		44,434	44,434	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		70	70	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..........	53,934		49,219	4,715
25	Contributions, gifts, grants paid.......	476,000			476,000
26	Total expenses and disbursements. Add lines 24 and 25	529,934		49,219	480,715
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-205,067
b	Net investment income (if negative, enter -0-)			276,162
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	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.............	11,661	18,597	18,597
	2	Savings and temporary cash investments.........	713,786	1,002,702	1,002,702
	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).......	4,167,473	3,386,360	3,857,477
	c	Investments—corporate bonds (attach schedule).......	4,020,172	4,591,386	4,681,605
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,310,161	1,019,141	903,512
	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)	10,223,253	10,018,186	10,463,893
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	10,223,253	10,018,186
	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........
	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).....	10,223,253	10,018,186
	31	Total liabilities and net assets/fund balances (see instructions).	10,223,253	10,018,186

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) ...............

10,223,253

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

-205,067

Other increases not included in line 2 (itemize) bullet

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

10,018,186

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 .

10,018,186

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
1 a	STIFEL #2433 INVESTMENT SALES	P
b	STIFEL #4139 INVESTMENT SALES	P
c	STIFEL #9927 INVESTMENT SALES	P
d	STIFEL #1156 INVESTMENT SALES	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	1,663,629	1,826,029	-162,400
b	283,327	201,990	81,337
c	4,588,816	4,594,108	-5,292
d	317,244	238,339	78,905
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			-162,400
b			81,337
c			-5,292
d			78,905
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	-7,450
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

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? Yes No

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	574,992	10,403,239	0.055270
2016	512,330	10,334,483	0.049575
2015	505,874	10,010,707	0.050533
2014	544,820	10,839,032	0.050265
2013	593,000	11,055,475	0.053639

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

0.259282

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 ......

0.051856

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

10,089,333

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

523,192

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

2,762

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

525,954

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

480,715

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)

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 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	5,523
	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	5,523
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	5,523
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	9,760
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	9,760
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	4,237
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax4,237	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WILLIAM J HOPPE Telephone no. bullet

(541) 476-5012

Located at bullet

13303 NW SPRINGVILLE RDPORTLANDOR ZIP+4 bullet

97229

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
WILLIAM JAMES HOPPE	CEO AND DIRECTOR 0.00	0	0	0
13303 NW SPRINGVILLE RD PORTLAND,OR97229	CEO AND DIRECTOR 0.00	0	0	0
LEA ANN HOPPE	SECRETARY AND DIRECTOR 0.00	0	0	0
13303 NW SPRINGVILLE RD PORTLAND,OR97229	SECRETARY AND DIRECTOR 0.00	0	0	0

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...................				0

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............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

9,628,100

Average of monthly cash balances.......................

614,878

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

10,242,978

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

10,242,978

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

153,645

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

10,089,333

Minimum investment return. Enter 5% of line 5..................

504,467

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.)

Minimum investment return from Part X, line 6....................

504,467

Tax on investment income for 2018 from Part VI, line 5......

5,523

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,523

Distributable amount before adjustments. Subtract line 2c from line 1............

498,944

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

498,944

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

498,944

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

480,715

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

480,715

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

480,715

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)

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					498,944
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......	55,953
b From 2014......	17,228
c From 2015......	12,500
d From 2016......	6,572
e From 2017......	60,955
fTotal of lines 3a through e........		153,208
4Qualifying distributions for 2018 from Part
XII, line 4: $ 480,715
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.....					480,715
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		18,229			18,229
(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		134,979
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) ...		37,724
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		97,255
10 Analysis of line 9:
a Excess from 2014....	17,228
b Excess from 2015....	12,500
c Excess from 2016....	6,572
d Excess from 2017....	60,955
e Excess from 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 section4942(j)(3) or4942(j)(5)

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

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SURE PASSAGE 6660 DELMONICO DR COLORADO SPRINGS,CO80919	N/A	PC	GENERAL OPERATING SUPPORT	476,000
Total ................................. 3a				476,000

bApproved for future payment

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

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	(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 ...........
4 Dividends and interest from securities....			14	325,381
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	-7,450
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aEXCISE TAX REFUND			14	936
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		318,867	0

13Total. Add line 12, columns (b), (d), and (e)..................

318,867

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION	9,430	4,715		4,715

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBVIE INC	21,950	21,867
ABBVIE INC	49,783	49,698
AIR LSE CORP	50,000	50,038
ALLERGAN INC	25,399	25,224
ALLY FINL INC 4.0%	50,000	50,023
ALTRIA GRP INC	22,109	22,232
AMAZON COM INC	21,554	21,646
APPLE INC	21,587	21,895
APPLE INC	25,917	26,251
ARROW ELECTRONICS 5.125%	49,519	51,796
AT&T INC	51,731	54,165
AT&T INC 2.625%	47,412	50,341
ATLAS PIPELINE PTNRS 4.75%	48,880	50,002
AUTODESK INC	19,892	20,556
BANC CALIFORNIA INC 7%	38,019	39,580
BANK OF AMERICA CORP	37,929	37,425
BANK OF AMERICA CORP	50,791	50,279
BERKSHIRE HATHAWAY INC	21,677	21,839
BIO RAD LAB INC 4.875%	49,503	51,566
BLACKROCK INC	22,295	22,263
BLOCK FINANCIAL 5.5%	51,036	53,354
CAMPBELL SOUP CO	46,950	52,367
CAPITAL ONE BANK USA NA	49,408	49,986
CAPITAL ONE BANK USA NA	50,000	49,879
CAPITAL ONE BANK USA NA	100,000	100,017
CAPITAL ONE FINANCIAL CORP 3.75%	59,821	62,964
CATERPILLAR INC	21,864	22,037
CISCO SYS INC	22,260	22,243
CITIGROUP INC 6.3%	30,658	31,794
COMCAST CORP NEW	21,473	21,735
COMPUTER SCIENCES CORP 4.45%	50,038	52,333
CONTINENTAL RES INC 3.8%	23,897	25,705
CROWN CASTLE INTL CORP	51,208	51,926
CSX CORP	21,958	22,276
CVS HEALTH CORP	22,096	22,084
DEERE JOHN CAP CORP	40,035	39,944
DIGITAL REALTY TR INC	47,681	51,006
DIGITAL REALTY TR INC	51,005	52,140
DIRECTV HLDGS 4.45%	50,424	53,003
DISCOVER BANK	50,000	51,345
DISCOVER BANK	100,000	99,968
DISCOVER FINL SVCS	24,852	23,878
DOLLAR GENERAL CORP 3.25%	47,880	51,360
DOW CHEMICALS 3.95%	50,000	49,789
DUKE ENERGY CORP	79,127	80,186
EBAY INC 3.8%	25,547	25,882
EXPRESS SCRIPTS HOLDINGS 3.5%	49,551	51,492
EXXON MOBIL CORP	22,147	22,183
FEDEX CORP	21,554	21,669
FLOWSERVE CORP 3.5%	24,659	25,440
GENL MILLS INC 3.2%	25,378	25,269
GILEAD SCIENCES INC	21,865	22,035
HANOVERS INS GRP INC	26,378	26,459
HESS CORP 3.5%	50,011	50,332
HOME DEPOT INC	22,101	22,315
HOSPITALITY PPTYS 4.65%	50,273	51,452
HOST HOTELS & RESORTS LP 3.75%	50,953	51,221
INFINITY PPTY & CAS CORP 5.0%	66,999	68,249
INTEL CORP	21,545	21,589
INTERNATIONAL LEASE FIN CORP 4.625%	10,098	10,315
IRON MOUNTAIN INC 6.0%	50,159	51,375
JEFFERIES GROUP INC 5.125%	49,847	53,554
JPMORGAN CHASE & CO	52,813	54,569
JPMORGAN CHASE BANK NA	50,000	50,148
JPMORGAN CHASE BANK NA	50,000	50,198
JPMORGAN CHASE BANK NA	100,000	100,152
KELLOGG CO 4.0%	49,523	51,157
KELLOGG CO 4.15%	25,230	25,145
KEMPER CORP	30,989	31,389
KINDER MORGAN ENERGY PRTNRS 3.45%	24,758	25,684
LEUCADIA NATL 5.5%	50,435	53,944
LEVI STRAUSS & CO 5%	50,786	51,750
LILLY ELI & CO	22,084	22,393
LOCKHEED MARTIN CORP	22,118	22,319
LOWES COS INC	21,953	22,340
MACK-CALI REALTY L P 3.15%	38,033	37,026
MACOUARIE INFRA CO LLC	45,243	44,064
MANULIFE FINANCIAL 4.9%	50,008	51,522
MASTEC INC 4.875%	46,753	50,688
MCKESSON CORP NEW	21,958	22,044
MERCURY GENL CORP NEW	49,052	51,254
MICROSOFT CORP	26,099	26,565
MORGAN STANLEY BANK NA	50,000	50,958
NATL FUEL GAS	25,467	25,564
NORFOLK SOUTHERN CORP	22,370	22,448
NORTHROP GRUMMAN CORP	22,267	22,584
OCCIDENTAL PETE CORP	22,025	22,187
OMEGA HLTHCARE INVTS INC 4.5%	50,287	52,284
OSHKOSH CORP	50,204	51,875
PPG INDS INC	22,104	22,418
QUALCOMM INC	21,590	21,799
QUALCOMM INC	50,560	51,902
QUEST DIAGNOSTICS INC	22,349	22,262
REPUBLIC SVCS INC	21,514	21,589
RYDER SYS INC 2.875%	50,456	50,255
SAIC INC	50,769	50,897
SALESFORCE COM INC	21,406	21,563
SEMPRA ENERGY	50,664	50,120
STIFEL FINANCIAL CORP	26,305	26,420
STIFEL FINL CORP 3.5%	65,317	65,710
STIFEL FINL CORP 4.255%	50,190	52,477
STIFEL FINL CORP 6.25%	26,641	26,773
SYNCHRONY FINANCIAL	52,399	52,492
TECH DATA CORP	51,041	50,859
TESORO CORP 5.375%	50,032	50,767
THERMO FISHER SCIENTIFIC	21,352	21,435
VERISIGN INC 4.625%	74,845	76,223
WALGREEN CO 3.1%	49,137	50,863
WALT DISNEY CO	21,929	22,290
WELLS FARGO & CO 5.5%	60,118	59,937
WELLS FARGO & CO 7.5%	130,090	136,420
XEROX CORP	51,440	51,047

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3M COMPANY	30,368	30,335
ABBOTT LABORATORIES	45,808	50,460
ACCENTURE PLC IRELAND	28,067	32,520
ACTIVISION BLIZZARD INC	34,498	28,320
ALLSTATE CORP	38,815	40,676
AMERICAN WATER WORKS	27,770	64,496
AMGEN INC	38,569	47,176
AQUA AMERICA INC	22,533	24,698
AT&T INC	48,135	50,265
AUTOMATIC DATA PROCESSING INC	26,014	29,759
BAXTER INTL INC	12,501	15,561
BECTON DICKINSON & COMPANY	26,629	31,753
CANADIAN NATIONAL RAILWAY COMPANY	54,546	59,002
CAPITAL ONE FINANCIAL CORP	45,979	45,370
CHUBB LTD	27,875	29,311
CHURCH & DWIGHT COMPANY INC	29,769	32,877
CISCO SYSTEMS INC	20,416	57,029
CISCO SYSTEMS INC	48,049	49,257
CITIGROUP INC	43,897	49,021
COCA-COLA COMPANY	27,777	29,483
COCA-COLA COMPANY	61,192	61,104
COMCAST CORP	42,658	42,280
COSTCO WHOLESALE CORP	25,412	30,390
DELTA AIRLINES INC	51,148	51,075
DISCOVER FINANCIAL SVCS	46,500	54,313
EBAY INC	10,631	17,973
EMERSON ELECTRIC COMPANY	27,971	31,358
EMERSON ELECTRIC COMPANY	47,618	46,704
EXELON CORP	34,645	33,558
EXXON MOBIL CORP	73,617	68,967
GENERAL MILLS INC	33,328	29,411
GENERAL MOTORS COMPANY	46,505	46,236
GENUINE PARTS COMPANY	19,660	19,887
GILEAD SCIENCES INC	46,579	40,536
HERSHEY COMPANY	38,958	57,231
HONEYWELL INTL INC	34,193	63,027
HORMEL FOODS CORP	46,005	53,756
ILLINOIS TOOL WORKS INC	29,433	30,011
INTEL CORP	53,757	52,657
INTERNATIONAL PAPER COMPANY	38,274	34,656
IRON MOUNTAIN INC NEW	79,455	68,304
JB HUNT TRANSPORT	53,734	51,647
JOHNSON & JOHNSON	27,946	29,110
LINDE PLC	31,720	34,136
LOWES COMPANIES INC	68,047	60,546
MC CORMICK & COMPANY	50,817	77,815
MCDONALDS CORP	20,570	25,127
MEDTRONIC PLC	28,384	29,607
MEDTRONIC PLC	49,657	48,695
MERCK & COMPANY INC NEW	26,073	29,767
MICROCHIP TECHNOLOGY INC	27,024	26,010
MICROSOFT CORP	13,291	64,569
MICROSOFT CORP	22,910	30,141
MICROSOFT CORP	62,483	66,980
MONDELEZ INTERNATIONAL INC	41,802	43,120
MORGAN STANLEY	40,380	30,667
NEXTERA ENERGY INC	39,330	78,666
NIKE INC	37,032	41,975
ORACLE CORP	26,996	53,267
ORACLE CORP	51,925	56,970
PAYPAL HOLDINGS INC	42,767	45,784
PEPSICO INC	22,911	24,390
PEPSICO INC	47,033	82,743
PFIZER INC	27,418	29,977
PFIZER INC	49,650	51,984
PROCTER & GAMBLE COMPANY	27,153	29,496
QUALCOMM INC	30,887	35,220
QUALCOMM INC	65,766	60,856
RAYTHEON COMPANY NEW	27,174	29,386
SCHWAB CHARLES CORP	32,623	28,133
SMUCKER JM CO	48,223	54,715
SMUCKER JM COMPANY NEW	32,417	27,415
SPDR GOLD TR	120,675	133,200
STANLEY BLACK & DECKER INC	30,850	33,260
STARBUCKS CORP	28,269	32,778
STARBUCKS CORP	58,485	58,681
SYSCO CORP	25,871	28,642
TJX COMPANIES	25,241	61,658
UNION PACIFIC CORP	21,298	24,859
UNITED TECHNOLOGIES CORP	28,033	30,988
UNITED TECHNOLOGIES CORP	54,314	52,080
UNITEDHEALTH GROUP INC	24,610	29,525
VALERO ENERGY CORP	42,090	42,805
VERIZON COMMUNICATIONS INC	44,641	45,704
WALMART STORES INC	21,367	24,971
WALMART STORES INC	55,129	82,315
WALMART STORES INC	65,790	66,294

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FRANKLIN GOLD & PREC	AT COST	280,509	226,727
INVESCO OPPENHEIMER	AT COST	184,231	113,858
THORNBURG INCOME BLDR	AT COST	242,038	250,564
VANGUARD TREASURY MONEY MARKET	AT COST	312,363	312,363

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
EXCISE TAX REFUND	936		936

- TIN:

TY 2018 OtherProfessionalFeesSchedule

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
STIFEL INVESTMENT FEES	38,299	38,299		0
BANK FEES	6,135	6,135		0

- TIN:

TY 2018 TaxesSchedule

Name:

THE HOPPE FOUNDATION

EIN:

91-2144087

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	70	70		0