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 05-01-2018 , and ending 04-30-2019

Name of foundation
HILL FOUNDATION
WELLS FARGO BANK IFS FIDUCIARY SVC

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD SUITE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

84-6081879

B Telephone number (see instructions)

(704) 590-2828

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

$55,149,087J 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)
2	Check .............
3	Interest on savings and temporary cash investments	414,007		414,007
4	Dividends and interest from securities...	796,951		796,951
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		220,826
b	Gross sales price for all assets on line 6a 8,317,420
7	Capital gain net income (from Part IV, line 2)...			220,826
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).......		4,791,621	4,779,045
12	Total. Add lines 1 through 11........	6,223,405		6,210,829
13	Compensation of officers, directors, trustees, etc.	274,376		150,907	123,469
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		35,609	19,585	16,024
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		560,156	478,886
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		370,608	365,125	2,565
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,240,749		1,014,503	142,058
25	Contributions, gifts, grants paid.......	3,097,000			3,097,000
26	Total expenses and disbursements. Add lines 24 and 25	4,337,749		1,014,503	3,239,058
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	1,885,656
b	Net investment income (if negative, enter -0-)			5,196,326
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.............	15,522	21,304	21,304
	2	Savings and temporary cash investments.........	2,791,429	5,336,363	5,336,363
	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)	3,714,272	3,368,354	3,162,048
	b	Investments—corporate stock (attach schedule).......	21,385,199	21,232,094	31,704,876
	c	Investments—corporate bonds (attach schedule).......	6,142,970	5,980,697	5,721,982
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )			9,202,514
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	34,049,392	35,938,812	55,149,087
	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
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	34,049,392	35,938,812
	30	Total net assets or fund balances (see instructions).....	34,049,392	35,938,812
	31	Total liabilities and net assets/fund balances (see instructions).	34,049,392	35,938,812

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

34,049,392

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

1,885,656

Other increases not included in line 2 (itemize) bullet

3,764

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

35,938,812

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 .

35,938,812

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	ST CAP GAIN/LOSSES - SEE ATTACHED	P
b	LT CAP GAIN/LOSSES - SEE ATTACHED	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	530,649	587,700	-57,051
b	7,736,047	7,508,894	227,153
c
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			-57,051
b			227,153
c
d
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	220,826
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	3,022,804	51,223,722	0.059012
2016	2,595,832	45,070,036	0.057596
2015	1,652,569	39,986,042	0.041329
2014	2,542,479	41,096,105	0.061867
2013	1,769,591	42,038,487	0.042095

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

0.261899

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 ......

0.052380

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

52,800,695

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

2,765,700

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

51,963

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

2,817,663

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

3,239,058

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	51,963
	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
3	Add lines 1 and 2...........................	3	51,963
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	51,963
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	68,889
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	12,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	80,889
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	28,926
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax28,926	Refunded	11

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

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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?........

Yes

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

Yes

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

WELLS FARGO BANK NA Telephone no. bullet

(704) 590-2828

Located at bullet

100 N MAIN STREET 6TH FLOORWINSTONSALEMNC ZIP+4 bullet

27101

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-)
WELLS FARGO & CO - DENVER	CO-TRUSTEE 000.00	178,376
1740 BROADWAY DENVER,CO80274	CO-TRUSTEE 000.00	178,376
JOHN MORAN	CO-TRUSTEE 000.00	48,000
C/0 WELLS FARGO BANK 1740 BROADWAY DENVER,CO80274	CO-TRUSTEE 000.00	48,000
MARGARET L TOAL	CO-TRUSTEE 000.00	48,000
C/O WELLS FARGO BANK 1740 BORADWAY DENVER,CO80274	CO-TRUSTEE 000.00	48,000

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

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)

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

39,171,641

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

5,230,611

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

9,202,514

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

53,604,766

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

53,604,766

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

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

804,071

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

52,800,695

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

2,640,035

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

2,640,035

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

51,963

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

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

51,963

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

2,588,072

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

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

2,588,072

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

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

2,588,072

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 ..........

3,239,058

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

3,239,058

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

51,963

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

3,187,095

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	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7			2,588,072
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......
b From 2014......	606,924
c From 2015......
d From 2016......	414,832
e From 2017......	571,242
fTotal of lines 3a through e........		1,592,998
4Qualifying distributions for 2018 from Part
XII, line 4: $ 3,239,058
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.....			2,588,072
e Remaining amount distributed out of corpus		650,986
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		2,243,984
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) ...
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		2,243,984
10 Analysis of line 9:
a Excess from 2014....	606,924
b Excess from 2015....
c Excess from 2016....	414,832
d Excess from 2017....	571,242
e Excess from 2018....	650,986

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).)

NONE

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.

NONE

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 e-mail address of the person to whom applications should be addressed:

WELLS FARGO BANK
1740 BROADWAY
BROADWAY MC 7300-483
DENVER,CO80274
(720) 947-6725

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

LETTER

cAny submission deadlines:

NONE

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

QUALIFIED ORGANIZATION MAINLY FOR EDUCATION AND MEDICAL PURPOSES.

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
SEE ATTACHED SEE ATTACHED SEE ATTACHED,CO80274			SEE ATTACHED	3,097,000
Total ................................. 3a				3,097,000

bApproved for future payment

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

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 ...........			14	414,007
4 Dividends and interest from securities....			14	796,951
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.....	211110	12,576	15	4,720,318
8 Gain or (loss) from sales of assets other than inventory ............			18	220,826
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aSTATE TAX REFUND			14	58,727
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		12,576		6,210,829

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

6,223,405

(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:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	35,609	19,585		16,024

- TIN:

TY 2018 CompensationExplanation

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Person Name	Explanation
WELLS FARGO CO - DENVER	THE COMPENSATION REPORTED IN COLUMN (B) IS CALCULATED BASED ON PERIODIC MARKET VALUES AND/OR THE APPLICABLE FEE AGREEMENT. IT IS NOT DETERMINED SOLELY ON AN HOURLY BASIS. CORPORATE TRUSTEE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATIVE SERVICES SUCH AS FIDUCIARY ACCOUNTING, CUSTODY OF ASSETS, COMPLYING WITH TAX FILING REQUIREMENTS, COMPLYING WITH DISTRIBUTION PROVISIONS, AND COMPLYING WITH FEDERAL AND STATE LAWS APPLICABLE TO PRIVATE FOUNDATIONS, PLUS ASSET MANAGEMENT SERVICES SUCH AS CREATING ASSET ALLOCATION STRATEGIES, INVESTMENT REPORTING AND REALLOCATING AND REBALANCING OF PORTFOLIOS AS NECESSARY.

Person Name

Explanation

WELLS FARGO CO - DENVER

THE COMPENSATION REPORTED IN COLUMN (B) IS CALCULATED BASED ON PERIODIC MARKET VALUES AND/OR THE APPLICABLE FEE AGREEMENT. IT IS NOT DETERMINED SOLELY ON AN HOURLY BASIS. CORPORATE TRUSTEE SERVICES INCLUDE, BUT ARE NOT LIMITED TO, ADMINISTRATIVE SERVICES SUCH AS FIDUCIARY ACCOUNTING, CUSTODY OF ASSETS, COMPLYING WITH TAX FILING REQUIREMENTS, COMPLYING WITH DISTRIBUTION PROVISIONS, AND COMPLYING WITH FEDERAL AND STATE LAWS APPLICABLE TO PRIVATE FOUNDATIONS, PLUS ASSET MANAGEMENT SERVICES SUCH AS CREATING ASSET ALLOCATION STRATEGIES, INVESTMENT REPORTING AND REALLOCATING AND REBALANCING OF PORTFOLIOS AS NECESSARY.

- TIN:

TY 2018 InvestmentsCorpBondsSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES - 100,000
AFLAC INC 4.0% - 100,000	108,552	103,776
AMERICAN EXP 5.5%, 9/12/2016 100,000
AMERICAN INTL GROUP - 100,000
AMERIPRISE FIN 4.0% - 100,000	107,502	104,641
AMGEN INC - 100,000
AT&T INC - 100,000	249,998	252,505
BANK OF NOVA SCOTIA 4.375% - 100,000	109,500	102,850
BLACKROCK INC - 100,000	113,850	101,388
BOEING CO - 100,000	114,986	101,560
BP CAPTIAL MARKETS 3.245% 250.000	248,992	253,888
BURLINGTON N SANTA FE - 100,000	111,300	102,718
CHARLES SCHWAB CORP 4.45% - 100,000	110,595	102,262
CISCO SYSTEMS, 4.95% 2/15/19 100,000
COMCAST 4.95%, 6/15/2016 - 100,000
COSTCO WH 5.5% 3/15/2017 - 100,000
CVS CORP 4.875%, 9/15/2014 - 100,000
DEERE & CO 5.375% - 200,000
DEERE & COMPANY 5.375 - 100,000
DEUTSCHE BANK 6%, 9/1/2017 - 100,000
DIRECTV HOLDINGS/FING - 100,000	104,261	105,729
DOW CHEMICAL - 100,000	109,261	102,790
ECOLAB INC - 82,000	93,194	85,286
ELI LILLY & CO 5.50 - 100,000	125,839	116,667
FEDEX CORP - 100,000	103,794	104,890
GE GLOBAL INS HLDG CORP DTD -100,000	130,301	119,838
GENERAL ELEC CAP CORP - 100,000
GENZYME CORP - 100,000	114,922	102,839
GOLDMAN SACHS GROUP INC - 100,000	101,854	103,382
GRUPO TELEVISA SAB - 100,000	124,297	113,514
HCP INC - 100,000	104,522	104,343
HSBC HOLDING PLC - 100,000	105,545	103,077
IBM 6.22% - 200,000	261,176	240,172
INTERNATIONAL BUSINESS MACHS 100,000
JOHNSON & JOHNSON - 250,000
JP MORGAN CHASE - 100,000	102,938	103,534
KELLOGG CO - 100,000	113,907	100,744
KROGER CO/THE - 100,000	104,145	103,146
LINCOLN NATIONAL CORP - 100,000	106,176	103,484
LITTON INDUSTRIES INC - 100,000	273,686	242,948
LOCKHEED MARTIN - 100,000	103,293	101,582
LYONDELLBASELL IND NV - 100,000	116,254	110,198
M&T BANK CORPORATION - 250,000	254,980	257,777
MARSH & MCLENNAN - 100,000	104,455	104,003
MCDONALD'S COR 5.35% 3/1/18 -100,000
METLIFE INC - 100,000	107,860	106,477
MONSANTO CO - 100,000
MONSANTO CO 5.5% - 100,000	113,328	100,876
MOODY'S CORPORATION - 100,000	107,160	104,971
NORFOLD SOUTHN CORP - 100,000	119,942	112,658
NORTHERN STATES PWR 6.5% -100,000	133,960	119,083
OCCIDENTAL PET 4.125 06/01/1 100,000
OMNICOM GROUP - 100,000	101,441	101,955
ORACLE CORP - 200,000
PEPSICO 5 06/01/18 - 100,000
PRUDENTIAL FIN MED TERM NOTE -20,000
PRUDENTIAL FINANCIAL INC - 100,000
RAYTHEON CO 4.4% - 100,000	111,159	101,327
REALTY INCOME CORP - 100,000	106,104	105,213
ROGERS COMMUNICATIONS - 100,000	104,114	104,295
SIMON PROPERTY GROUP LP	256,452	256,895
STATOILHYDRO 5.25% 04/15/19 -100,000
TARGET - 100,000
US BANCORP - 100,000	110,675	102,898
VERIZON COMMUNICATIONS - 100,000	110,770	109,434
WALL-MART STORES 5.875% - 100,000	124,084	119,234
WELLPOINT INC - 100,000
WESTPAC BANKING CORP - 100,000	112,339	101,164
WILLIAMS PARTNERS LP - 100,000	103,163	104,206
WYETH - 100,000	124,071	115,765

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AFFILIATED MANAGERS GROUP INC
AFLAC INC
AMERIPRISE FINL INC
BANCO BILBAO VIZCAYA ARGENT
BAYER AG
BEMIS INC
BHP BILLITON LIMITED
BURLINGTON NORTH SANTA FE
COMMONWEALTH
CUMMINS INC
DEUTSCHE BOERSE AG
DIAGEO PLC-ADR
DOMINION RES INC VA
ELI LILLY & CO
ENI SPA - ADR
FIDELITY ADVISORS EMERGING MARKETS
GLAXOSMITHKLINE PLC - ADR
GOLDMAN SACHS GROUP INC
HAIN CELESTIAL GROUP
HSBC - ADR
INTEL CORP
INVESCO INTERNATIONAL GROWTH FUND
JOHNSON & JOHNSON
JOHNSON CONTROLS
LAS VEGAS SANDS CORP
LYONDELLBASELL INDUSTRIES NV
MCKESSON CORP
MERCK & CO
MIDDLEBY CORP
NESTLE SA ADR
NEWELL BRANDS INC
PIMCO EMERGING MARKETS BOND FUND
PIMCO FOREIGN BOND
PPG INDUSTRIES
PROCTER & GAMBLE CO
PRUDENTIAL PLC ADR
RIO TINTO PLC - ADR
SCHLUMBERGER LTD
SINGAPORE TELECOMMUNICATIONS LTD
TE CONNECTIVITY LTD
TELENOR ASA - ADR
TELSTRA CORPORATION LIMITED
TENARIS S.A.
THE PRICELINE GROUP INC
TORONTO DOMINION BK ONT
TOYOTA MOTOR CORP - ADR
TWEEDY BROWNE FD INC
VANGUARD HIGH YIELD CORPORATE FUND
VANTIV INC
VISA INC CL A
WELLS FARGO ADVANTAGE ULTRA SHORT
WELLS FARGO SHORT-TERM HIGH YIELD
WOLSELEY PLC
WABTEC CORP	1,539	1,481
ALCON INC	3,574	4,365
GENERAL ELECTRIC	4,756	39,460
CHEVRON CORP	8,891	10,565
LVMH MOET HENNESSY UNSP ADR	9,866	23,260
ANALOG DEVICES INC	10,060	14,065
KONINKLUKE PHILIPS N.V.	10,262	17,028
NTT DOCOMO INC	10,480	9,795
TOTAL SA - ADR	10,714	12,247
SIEMENS AG	10,976	12,660
PENTAIR PLC	11,171	10,449
PUBLIC SVC ENTERPRISE GROUP INC	11,219	14,912
UNILEVER N.V. - ADR	11,361	15,491
MICROSOFT CORP	11,479	29,777
JPMORGAN CHASE	11,679	20,425
AMGEN INC	11,795	13,090
SANOFI - AVENTIS	11,830	12,463
PUBLICIS GROUPE S.A. ADR	12,225	10,610
ROYAL DUTCH SHELL PLC	12,524	15,374
QUALCOMM INC	12,280	17,657
VEOLIA ENVIRONNEMENT	13,275	15,008
BANK N S HALIFAX	13,587	14,701
COMPASS GROUP PLC	13,702	17,161
NEXTERA ENERGY INC.	14,129	22,361
SUMITOMO TRUST AND BANKING COMPANY	15,775	13,319
COMCAST CORP	15,812	17,368
JAPAN TOBACCO INC	16,581	11,451
CISCO SYSTEMS INC	17,215	33,962
LOCKHEED MARTIN CORP	17,400	24,333
PHILIP MORIS INTERNATIONAL	17,612	16,706
SNAP ON INC	17,724	19,016
BANK OF AMERICA	18,694	21,100
FERGUSON PLC	18,739	21,298
BASF AKTIENGESELLSSCHAFT	18,894	19,206
PFIZER INC	18,905	23,432
MERCK & CO	19,122	25,974
DUKE ENERGY HOLDING CORP	19,394	21,413
RECKITT BENCKISER PLC	19,422	17,339
TRANSCANADA CORP	19,611	20,632
EXXON MOBIL CORP	20,065	20,632
COCA COLA CO	20,770	22,322
HASBRO INC	21,172	22,919
NESTLE SA REGISTERED SHARES - ADR	22,601	29,249
ING GROEP N.V.	22,772	18,374
AXA	23,244	24,060
ROCHE HOLDINGS LTD - ADR	24,436	25,919
MONDELEZ INTERNATIONAL	24,500	30,052
BRITISH AMERICAN TOBACCO PLC	24,542	17,601
NIELSEN HLDGS PLC	24,949	17,692
COCA-COLA EUROPEAN PARTNERS PLC	25,222	35,423
CVS HEALTH CORP	25,677	20,175
NOVARTIS AG - ADR	26,143	31,165
ANHEUSER-BUSCH	26,887	23,213
GILEAD SCIENCES INC	27,272	23,870
VERIZON COMMUNICATIONS	28,634	29,910
AT&T INC	38,219	31,177
CHEVRON CORP	44,540	168,084
COMCAST CORP	46,025	170,420
UNITED TECHNOLOGIES CORP	48,686	193,950
ALPHABET INC. CL A	49,272	185,839
EXXON MOBIL CORP	59,762	138,483
BERKSHIRE HATHAWAY INC	62,802	234,047
UNITEDHEALTH GROUP INC	65,931	414,865
TARGET CORP	73,205	173,034
GILEAD SCIENCES INC	95,017	179,836
UNITED PARCEL SERVICE-CL B	104,534	106,220
THERMO FISHER SCIENTIFIC INC	107,065	396,754
JAZZ PHARMACEUTICALS PLC	112,554	137,556
MICROSOFT CORP	123,830	473,425
JPMORGAN CHASE	124,368	393,409
TJX COMPANIES INC	124,636	200,312
CONSTELLATION BRANDS INC	125,602	137,585
BOEING	127,764	319,148
SPIRIT AEROSYSTEMS HODL-CL A	131,104	228,113
ALPHABET INC. CL C	138,017	386,256
UNION PACIFIC CORP	143,417	502,794
FACEBOOK INC	149,924	421,612
ELECTRONIC ARTS INC	151,220	156,172
EOG RESOURCES	151,242	136,871
SUNCOR ENERGY INC NEW F	153,065	153,450
ZOETIS INC	155,949	280,569
CME GROUP INCE	156,757	309,497
AMAZON	157,702	192,652
WALT DISNEY CO	157,831	375,298
WORLDPLAY INC	162,461	347,528
BOSTON SCIENTIFIC CORP	163,564	371,200
ELI LILLY & CO	185,010	280,896
CISCO SYSTEMS INC	190,081	508,865
CITIGROUP INC	191,632	287,396
EATON CORP PLC	194,167	198,768
BOOKING HOLDINGS INC	195,048	306,073
MANULIFE FINANCIAL CORP	200,067	248,535
CELANSE CORP	200,466	339,853
ESTEE LAUDER COMPANIES	201,252	392,586
HOME DEPOT INC	207,143	238,329
ROCHE HOLDINGS LTD - ADR	208,213	211,088
LAM RESEARCH CORP	217,997	272,770
APPLE INC	219,646	804,687
TE CONNECTIVITY LTD	229,981	301,298
TOTAL S.A. - ADR	234,346	261,649
BLACKROCK INC	253,489	339,668
UBS GROUP AG	276,288	201,600
CVS/CAREMARK CORP	280,083	265,103
PNC FINANCIAL SERVICES	311,109	308,093
NIKE CL B	333,449	439,150
COGNIZANT TECT SOLUTIONS	334,959	381,216
MONDELEZ INTERNATIONAL	336,460	393,325
ISHARES RUSSELL 2000 GROWTH INDEX	375,406	1,133,832
ISHARES RUSSELL 2000 VALUE INDEX	516,692	997,127
ISHARES RUSSELL MIDCAP GROWTH	870,155	1,947,708
JOHCM INTERNATIONAL SELECT FUND	943,846	1,178,940
ISHARES RUSSELL MIDCAP VALUE	949,248	1,613,703
OAKMARK INTERNATIONAL FUND	967,339	1,060,270
ISHARES MSCI EMERGING MARKETS	1,190,552	1,404,662
EATON VANCE FLOATING RATE	1,640,745	1,628,846
T ROWE PRICE INST EMERGING MARKETS	1,858,000	2,196,645
TCW EMRG MKTS INCOM-1	2,500,000	2,572,509

- TIN:

TY 2018 InvestmentsGovtObligationsSch

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

US Government Securities - End of Year Book Value:

3,368,354

US Government Securities - End of Year Fair Market Value:

3,162,048

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2018 OtherAssetsSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
MINERAL PROPERTIES	1,195,497	1,195,497	9,202,514
DEPLETION	-1,195,497	-1,195,497

- TIN:

TY 2018 OtherExpensesSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
MINERAL INTANGIBLE COST	1,693	1,693
LEASE OPERATING EXPENSE	349,076	346,158
ASSOCIATION DUES	2,565		2,565
MISCELLANEOUS EXPENSES	15	15
CUSTODIAL FEES SUBJECT TO 2%	15,291	15,291
OTHER PROPERTY EXP	104	104
INV EXP ADR FEES	1,864	1,864

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Description	Revenue And Expenses Per Books	Net Investment Income
ROYALTY INCOME - 401	4,720,318	4,720,318
OIL AND GAS REVENUES	12,576
STATE TAX REFUND	58,727	58,727

- TIN:

TY 2018 OtherIncreasesSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Description	Amount
OTHER TIMING DIFFERENCES	3,764

- TIN:

TY 2018 TaxesSchedule

Name:

HILL FOUNDATION

WELLS FARGO BANK IFS FIDUCIARY SVC

EIN:

84-6081879

Category	Amount	Net Investment Income
FOREIGN TAXES PAID	24,771	24,771
AD VALOREM TAXES	21,048	21,010
PRODUCTION TAXES	404,859	403,627
STATE INCOME TAX W/H	29,471	29,471
STATE INCOME TAX W/H
FEDERAL PY BALANCE DUE	29,000
FEDERAL EXCISE TAX ESTIMATES	51,000
NONRENTAL PROPERTY TAXES	7	7