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 10-01-2018 , and ending 09-30-2019
Name of foundation
GRACE & FRANKLIN BERNSEN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)15 WEST 6TH STREET 1308
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TULSA, OK741195407
A Employer identification number

23-7009414
B Telephone number (see instructions)

(918) 584-4711
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$31,629,590J 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      
4 Dividends and interest from securities... 681,021 681,021  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 835,615
b Gross sales price for all assets on line 6a 1,315,597
7 Capital gain net income (from Part IV, line 2)... 835,615
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 27,786    
12 Total. Add lines 1 through 11........ 1,544,422 1,516,636  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 305,000 54,900   250,100
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 5,033 906   4,127
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,715 943   3,772
c Other professional fees (attach schedule).... Click to see attachment 4,550 910   3,640
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 611 611    
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,484 5,484  
20 Occupancy.............. 15,864 2,856   13,008
21 Travel, conferences, and meetings....... 1,981 99   1,882
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 40,859 4,495   36,364
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 384,097 71,204   312,893
25 Contributions, gifts, grants paid....... 1,527,587 1,527,587
26 Total expenses and disbursements. Add lines 24 and 25 1,911,684 71,204   1,840,480
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -367,262
b Net investment income (if negative, enter -0-) 1,445,432
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............. 345,654 411,611 411,611
2 Savings and temporary cash investments......... 592,921 589,500 589,500
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) bullet  
Less: allowance for doubtful accounts bullet        
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).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 22,834,570 Click to see attachment21,291,972 30,603,500
14 Land, buildings, and equipment: basis bullet38,096
Less: accumulated depreciation (attach schedule) bullet13,117 30,462 Click to see attachment24,979 24,979
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,803,607 22,318,062 31,629,590
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
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.................. 23,803,607 22,318,062
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 23,803,607 22,318,062
31 Total liabilities and net assets/fund balances (see instructions). 23,803,607 22,318,062
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
23,803,607
2
Enter amount from Part I, line 27a .....................
2
-367,262
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,904
4
Add lines 1, 2, and 3 ..........................
4
23,441,249
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,123,187
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
22,318,062
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 VANGUARD INSTL INDEX FD INSTL: VINIX P 2012-02-17 2019-03-29
b VANGUARD INSTL INDEX FD INSTL: VINIX P 2012-02-17 2019-09-12
c VANGUARD INSTL INDEX FD INSTL: VINIX P 2012-02-17 2018-12-11
d
e
(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 380,000   156,246 223,754
b 499,980   192,630 307,350
c 300,000   131,106 168,894
d
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       223,754
b       307,350
c       168,894
d
e
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 2 835,615
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 1,640,184 32,203,479 0.050932
2016 1,809,097 30,086,723 0.060129
2015 1,800,123 28,658,301 0.062813
2014 1,814,378 29,169,047 0.062202
2013 1,866,365 30,001,474 0.062209
2
Total of line 1, column (d) .....................
2
0.298285
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
0.059657
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
30,549,046
5
Multiply line 4 by line 3......................
5
1,822,464
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
14,454
7
Add lines 5 and 6........................
7
1,836,918
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,840,480
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 14,454
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  
3 Add lines 1 and 2........................... 3 14,454
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,454
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 21,933
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 7,311
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,244
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 192
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 14,598
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet14,598 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletOK
    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 addressbulletWWW.GUIDESTAR.ORG
    14
    The books are in care ofbulletDAVID ZEMEL Telephone no.bullet (918) 584-4711

    Located atbullet15 W 6THTULSAOK ZIP+4bullet741195407
    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
     
     
    ........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
     
     
    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
    DONALD E PRAY TRUSTEE
    000.00     		60,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    MELISSA EASTERLING TRUSTEE
    000.00     		60,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    W BLAND WILLIAMSON TRUSTEE
    000.00     		60,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    BARBARA PRAY TRUSTEE
    000.00     		60,000 0 0
    15 W 6TH STREET 1308
    TULSA,OK741195407
    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  
    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.............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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    30,269,992
    b
    Average of monthly cash balances.......................
    1b
    719,289
    c
    Fair market value of all other assets (see instructions)................
    1c
    24,979
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,014,260
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    31,014,260
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    465,214
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    30,549,046
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,527,452
    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
    1,527,452
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    14,454
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,454
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,512,998
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,512,998
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,512,998
    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
    1,840,480
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    1,840,480
    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
    14,454
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,826,026
    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 1,512,998
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 572,846
    b From 2014...... 374,576
    c From 2015...... 379,139
    d From 2016...... 316,977
    e From 2017...... 59,254
    fTotal of lines 3a through e........ 1,702,792
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,840,480
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 1,512,998
    e Remaining amount distributed out of corpus 327,482
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,030,274
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		572,846
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,457,428
    10 Analysis of line 9:
    a Excess from 2014.... 374,576
    b Excess from 2015.... 379,139
    c Excess from 2016.... 316,977
    d Excess from 2017.... 59,254
    e Excess from 2018.... 327,482
    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 e-mail address of the person to whom applications should be addressed:
    TRUSTEES OF THE BERNSEN FOUNDATION
    15 W 6TH STREET SUITE 1308
    TULSA,OK741195407
    (918) 584-4711
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS WILL BE CONSIDERED, REGARDLESS OF FORM.
    cAny submission deadlines:
    THERE ARE NO SUBMISSIONS DEADLINES. APPLICATIONS WILL BE CONSIDERED ON THE 12TH DAY OF EACH MONTH.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTIONS OR LIMITATIONS ON AWARDS THE FOLLOWING "STATEMENT OF POLICIES" IS TAKEN FROM THE MINUTES OF A SPECIAL MEETING OF THE BOARD OF TRUSTEES OF THE GRACE & FRANKLIN BERNSEN FOUNDATION: STATEMENT OF POLICIES: 1)-THE TRUSTEES WILL GENERALLY CONSIDER FUNDING REQUESTS ONLY FROM THE TULSA AREA CHARITABLE ORGANIZATIONS. 2)-THE TRUSTEES WILL GENERALLY ONLY CONSIDER FUNDING PROGRAMS AND PROJECTS THAT WILL PROVIDE A DEFINED BENEFIT SUCH AS CAPITAL PROJECTS, BUILDING PROGRAMS, OR SPECIFIC PROGRAM NEEDS OF THE ORGANIZATION. 3)-THE TRUSTEES WILL GENERALLY ONLY MAKE GIFTS WHICH WILL BE MEANINGFUL IN AMOUNT AND BENEFIT TO THE RECIPIENT.
    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
    501 TECHNET
    7030 S YALE STE 600
    TULSA,OK74136     		    GENERAL OPERATING GRANT 15,000
    AKDAR SHRINE
    2808 S SHERIDAN RD
    TULSA,OK741291014     		    HOSPITAL TRANSPORTATION FUND 5,000
    ALZHEIMER'S ASSOCIATION OF OK
    2448 E 81ST STREET 300
    TULSA,OK74137     		    HEALTHCARE DONATION 10,000
    ARTS & HUMANITIES COUNCIL OF TULSA
    101 E ARCHER ST
    TULSA,OK74103     		    GENERAL OPERATING GRANT 5,000
    ASSISTANCE LEAGUE OF TULSA
    5350 E 31ST ST
    TULSA,OK74135     		    CAPITAL CAMPAIGN PAYMENT 100,000
    BIG BROTHERS BIG SISTERS
    1401 S BOULDER AVE
    300
    TULSA,OK74119     		    CHILD MENTORING PROGRAM 15,000
    CAR CARE CLINIC INC
    2008 E PINE ST
    TULSA,OK74110     		    COMMUNITY SERVICES DONATION 5,000
    COMMUNITY ACTION PROJECT OF TULSA
    4606 S GARNETT
    TULSA,OK74146     		    SUNNY SIDE UP EVENT 10,000
    EASTERN OK DONATED DENTAL SERVICES
    7060 S YALE 707
    TULSA,OK74136     		    HEALTHCARE DONATION 10,000
    FAB LAB TULSA
    710 S LEWIS AVE
    TULSA,OK74104     		    EDUCATION GRANT 5,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    4210 E 84TH STREET
    TULSA,OK74137     		    FAMILY & COMMUNITY SERVICES GRANT 5,000
    HEALTH OUTREACH PREVENTION EDUCATIO
    3540 E 31ST ST 3
    TULSA,OK74135     		    HIV,STD,HCV EDUCATION 5,000
    HELPING HANDS MINISTRY
    709 S BOSTON AVE
    TULSA,OK741191629     		    FAMILY & COMMUNITY GRANT 21,426
    IRON GATE
    501 S CINCINNATI
    TULSA,OK74103     		    FAMILY & COMMUNITY SERVICES GRANT 10,000
    JOY IN THE CAUSE
    3939 S HARVARD AVE
    TULSA,OK74135     		    FAMILY & COMMUNITY SVCS GRANT 10,000
    JUNIOR ACHIEMENT OF OK
    3947 S 103RD E AVE
    TULSA,OK74146     		    WATERPROOFING REPAIRS 18,000
    MAKE-A-WISH FOUNDATION OK
    4504 E 67TH ST
    SUITE 208
    TULSA,OK74136     		    FAMILY & COMMUNITY SVCS GRANT 7,500
    NEIGHBORS ALONG THE LINE INC
    5000 CHARLES PAGE BLVD
    TULSA,OK74127     		    LITERACY PROGRAM 10,000
    PARENT CHILD CENTER OF TULSA
    1421 S BOSTON AVENUE
    TULSA,OK74119     		    THERAPEUTIC SERVICES PROGRAM 15,000
    PARKSIDE PSYCHIATRIC HOSPITAL & CLI
    1620 E 12TH ST
    TULSA,OK74120     		    NEW FACILITY 125,000
    RESONANCE CENTER FOR WOMEN
    1608 S ELWOOD AVE
    TULSA,OK74119     		    DRUG TREATMENT EXPANSION 25,000
    SHOW INC
    425 W WELLS ST
    SAPULPA,OK74066     		    FAMILY & COMMUNITY SVCS GRANT 14,211
    SUTTON AVIAN RESEARCH CENTER
    PO BOX 2007
    BARTLESVILLE,OK74005     		    WILD BREW SPONSORSHIP 1,200
    TULSA AREA UNITED WAY
    1430 S BOULDER
    TULSA,OK74119     		    ANNUAL CAMPAIGN 20,000
    TULSA BALLET THEATRE
    1212 EAST 45TH PLACE
    TULSA,OK74105     		    ARTS & CULTURE GRANT 15,000
    TULSA COUNTY MEDICAL SOCIETY FOUNDA
    5315 S LEWIS AVE
    TULSA,OK74105     		    HEALTHCARE GRANT 20,000
    TULSA HUB
    601 W 3RD ST
    TULSA,OK74103     		    FAMILY & COMMUNITY SERVICES GRANT 15,000
    TULSA OPERA
    1610 S BOULDER
    TULSA,OK741194479     		    OPERA ON TOUR & TULSA YOUTH OPERA 5,000
    TULSA ZOO MANAGEMENT
    6421 E 36TH ST N
    TULSA,OK74115     		    LOST KINGDOM EXIBIT 50,000
    UNIVERSITY OF TULSA
    800 S TUCKER DR
    TULSA,OK74104     		    PRESIDENT'S DISCRETIONARY FUND 5,000
    YOUTH SERVICES OF TULSA
    311 S MADISON AVE
    TULSA,OK74103     		    COMMUNITY INTERVENTION CENTER 50,000
    THE CHILDREN'S CENTER
    6800 NW 39TH EXPY
    BETHANY,OK73008     		    NEW POOL 50,000
    OKLAHOMA PROJECT WOMAN
    7146 S BRADEN AVE
    300
    TULSA,OK74136     		    HEALTHCARE DONATION 10,000
    CATHOLIC CHARITIES OF EASTERN OK
    2450 N HARVARD AVE
    TULSA,OK74115     		    DENTAL CLINIC 20,000
    MENTAL HEALTH ASSOCIATION OKLAHOMA
    5330 E 31ST ST
    1000
    TULSA,OK74135     		    ADVOCACY SPECIALIST 68,935
    PLANNED PARENTHOOD GREAT PLAINS
    1007 S PEORIA AVE
    TULSA,OK74120     		    EXPANSION OF EDUCATION PROGRAM 15,000
    12 & 12 INC
    6333 E SKELLY DR
    TULSA,OK74135     		    CAPITAL CAMPAIGN 100,000
    CLAREHOUSE
    7617 S MINGO RD
    TULSA,OK74133     		    OPERATIONAL SUPPORT 20,000
    AIM HIGH ACADEMY
    7020 E 38TH ST
    TULSA,OK74145     		    CAPITAL CAMPAIGN 25,000
    TULSA ADVOCATES FOR THE PROTECTION
    OF CHILDREN
    3525 3326 E 51ST ST
    B
    TULSA,OK74135     		    FOSTER FAMILY RESOURCE CENTER 20,000
    CHILD ABUSE NETWORK
    1013 2829 S SHERIDAN RD
    TULSA,OK74129     		    COMPUTER HARDWARE 5,730
    EMERGENCY INFANT SERVICES
    1110 S DENVER AVE
    TULSA,OK74119     		    CAPITAL CAMPAIGN 50,000
    BROKEN ARROW NEIGHBORS
    315 W COLLEGE ST
    BROKEN ARROW,OK74012     		    CAPITAL CAMPAIGN 20,000
    PARKINSON FOUNDATION OF OK
    3701 NORTH MLK BLVD
    COTTAGE 7
    TULSA,OK74106     		    COMMUNITY SERVICES GRANT 8,000
    REVITALIZE T-TOWN
    14 E 7TH ST
    TULSA,OK74119     		    COMMUNITY SERVICES DONATION 20,000
    TULSA DAY CENTER
    415 W ARCHER ST
    TULSA,OK74103     		    COMMUNITY SERVICES DONATION 50,000
    1ST STEP MALE DIVERSION PROGRAM
    121 N GREENWOOD AVE
    TULSA,OK74120     		    COMMUNITY SERVICES GRANT 36,750
    YMCA OF GREATER TULSA
    2405 E SKELLY DR
    TULSA,OK74105     		    CAPITAL CAMPAIGN 50,000
    SHAREHOUSE
    3726 E ADMIRAL PL
    TULSA,OK74115     		    FURNITURE DISTRIBUTION PROGRAM 5,000
    AMERICAN RED CROSS
    10151 E 11TH ST
    TULSA,OK74128     		    HOUSE FREE FINANCIAL ASSISTANCE 15,000
    NEIGHBOR FOR NEIGHBOR
    505 E 36TH ST N
    TULSA,OK74106     		    COMMUNITY SERVICES GRANT 33,000
    YWCA
    1910 S LEWIS AVE
    200
    TULSA,OK74104     		    HVAC REPLACEMENT 15,000
    LINDSEY HOUSE
    601 S ELGIN AVE
    TULSA,OK74120     		    NEW FACILITY 15,000
    FAMILY PROMISE OF TULSA COUNTY
    3916 E 31ST ST
    TULSA,OK74135     		    ELECTRONIC/COMPUTER EQUIPMENT 4,000
    STREET SCHOOL
    1135 S YALE AVE
    TULSA,OK74112     		    EXPANSION TO SITE 2 25,000
    TOWN & COUNTRY SCHOOL
    8906 E 34TH ST
    TULSA,OK74145     		    SECURITY EQUIPMENT 17,835
    GATHERING PLACE
    2650 S JOHN WILLIAMS WAY
    TULSA,OK74114     		    CIVIC & COMMUNITY GRANT 150,000
    TULSA SPCA
    2910 MOHAWK BLVD
    TULSA,OK74110     		    CLINICEXPANSION 26,000
    TULSA GIRLS ART SCHOOL
    2202 E ADMIRAL BLVD
    TULSA,OK74110     		    ART SUPPLIES/OPERATIONAL SUPPORT 10,000
    PHILBROOK MUSEUM OF ART
    2727 S ROCKFORD RD
    TULSA,OK74114     		    ARTS & CULTURE GRANT 15,000
    Total .................................bullet 3a 1,527,587
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 681,021  
    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 ............     		    14 835,615  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOIL & GAS     		    15 32,690  
    bDEPLETION     15 -4,904  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,544,422  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,544,422
    (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:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 4,715 943   3,772

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

    TY 2018 DepreciationSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    2018 REMODEL 2018-03-15 12,589 188 S/L 39.0000 323 323    
    L&M FURNITURE 2018-03-15 14,757 1,230 200DB 7.0000 3,865 3,865    
    VARIOUS 2018-03-15                
    DRAPERY 2018-03-15 4,946 412 200DB 7.0000 1,296 1,296    
    ELECTRONIC EQUIPMENT 2000-01-01 5,200 5,200 200DB 5.0000        
    COMPUTER EQUIPMENT 2000-01-01 604 604 200DB 7.0000        

    TY 2018 InvestmentsOtherSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERRILL LYNCH-AMER EURO PACIFIC AT COST 5,056,871 6,006,022
    VANGUARD 500 INDEX FUND AT COST 4,976,122 10,656,900
    VANGUARD SMALL CAP INDEX FUND AT COST 1,584,708 4,156,067
    DFA EMERGING MARKETS AT COST 1,363,502 1,422,010
    DODGE & COX FUND AT COST 5,861,883 5,931,300
    WELLS FARGO ADVTG. AT COST 2,448,886 2,431,201
    MARKET ADJUSTMENT - INVESTMENTS AT COST    

    TY 2018 LandEtcSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 12,589 511 12,078 12,078
    FURNITURE & FIXTURES 19,703 6,802 12,901 12,901
    EQUIPMENT 5,804 5,804    


    TY 2018 OtherDecreasesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Description Amount
    PY CHANGE IN FMV 1,062,655
    NON-DEDUCTIBLE TAX PAID 60,532


    TY 2018 OtherExpensesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DUES & SUBSCRIPTIONS 247 27   220
    INSURANCE - OFFICE 2,142 236   1,906
    INSURANCE - EMPLOYEES 1,562 172   1,390
    INVESTMENT FEES 30,000 3,300   26,700
    MEALS 854 94   760
    OFFICE SUPPLIES 1,107 122   985
    PARKING 1,561 172   1,389
    OFFICE MAINTENANCE 1,368 150   1,218
    TELEPHONE 2,018 222   1,796


    TY 2018 OtherIncomeSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS 32,690    
    DEPLETION -4,904    


    TY 2018 OtherIncreasesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Description Amount
    DEPLETION TAKEN ON ROYALTIES 4,904


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 4,550 910   3,640


    TY 2018 TaxesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN:
    23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER 611 611