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 07-01-2018 , and ending 06-30-2019
Name of foundation
CHARLES STEWART HARDING FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)111 EAST COURT STREET NO 3D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FLINT, MI485021649
A Employer identification number

38-6081208
B Telephone number (see instructions)

(810) 767-0136
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$13,591,754J Accounting method:
 
(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... 339,278 339,278  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 521,306
b Gross sales price for all assets on line 6a 4,036,917
7 Capital gain net income (from Part IV, line 2)... 521,306
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 860,584 860,584  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 45,250 34,500   10,750
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,426 7,444   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,605 18,585   20
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 73,281 60,529   10,770
25 Contributions, gifts, grants paid....... 655,616 655,616
26 Total expenses and disbursements. Add lines 24 and 25 728,897 60,529   666,386
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 131,687
b Net investment income (if negative, enter -0-) 800,055
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............. 14,820 11,013 11,013
2 Savings and temporary cash investments......... 158,037 789,287 789,287
3 Accounts receivable bullet13,053
Less: allowance for doubtful accounts bullet   6,965 13,053 13,053
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)....... 9,292,208 Click to see attachment8,753,542 8,753,542
c Investments—corporate bonds (attach schedule)....... 1,128,505 Click to see attachment1,443,632 1,443,632
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,007,619 Click to see attachment2,581,227 2,581,227
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,608,154 13,591,754 13,591,754
Liabilities 17 Accounts payable and accrued expenses.......... 58,896 50,800
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) Click to see attachment4,504 Click to see attachment4,504
23 Total liabilities (add lines 17 through 22)......... 63,400 55,304
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 5,045,559 5,045,559
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 8,499,195 8,490,891
30 Total net assets or fund balances (see instructions)..... 13,544,754 13,536,450
31 Total liabilities and net assets/fund balances (see instructions). 13,608,154 13,591,754
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
13,544,754
2
Enter amount from Part I, line 27a .....................
2
131,687
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,676,441
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
139,991
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
13,536,450
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 FROM MFO D&D SMID CAP VALUE FUND JV STMT P   2018-12-31
b FROM MFO D&D SMID CAP VALUE FUND JV STMT P   2018-12-31
c FROM MFO TOWLE FUND JV STMT P   2018-12-31
d FROM MFO TOWLE FUND JV STMT P   2018-12-31
e FROM MFO WESTFIELD FUND B JV STMT P   2018-12-31
FROM MFO WESTFIELD FUND B JV STMT P   2018-12-31
FROM CROSSLINK VENTURES VI,LP JV STMT P   2018-12-31
FROM DRAPER FISHER JURVETSON GROWTH 2006 FUND LP JV STMT P   2018-12-31
FROM DRAPER FISHER JURVETSON GROWTH 2006 FUND LP JV STMT P   2018-12-31
130000 VANGUARD FEDERAL MONEY MARKET FUND VMFXX P 2016-09-08 2019-04-10
225 DUNKIN BRANDS GROUP INC DNKN P 2015-03-23 2018-08-17
315 DUNKIN BRANDS GROUP INC DNKN P 2015-03-19 2018-08-17
100 TJX COS INC NEW TJX P 2014-10-28 2018-08-17
50 TJX COS INC NEW TJX P 2014-09-04 2018-08-17
110 DUNKIN BRANDS GROUP INC DNKN P 2015-03-19 2018-08-20
250 DUNKIN BRANDS GROUP INC DNKN P 2015-11-04 2018-08-20
200 COSTCO WHOLESALE CRP DEL COST P 2017-08-31 2018-09-12
200 GOLDMAN SACHS GROUP INC GS P 2017-05-19 2018-10-19
250 THE HOWARD HUGHES CORP SHS HHC P 2018-09-04 2018-10-23
250 NORFOLK SOUTHERN CORP NSC P 2012-05-31 2019-03-08
1 DOW INC REG SHS DOW P 2014-12-12 2019-04-05
300 QUALCOMM INC QCOM P 2017-09-07 2019-04-17
100 QUALCOMM INC QCOM P 2015-11-19 2019-04-17
1 CORTEVA INC CTVA P 2014-12-12 2019-06-06
1 DOWDUPONT INC COM DWDP P 2014-12-12 2019-06-10
215.787 VANGUARD 500 INDEX FUND - ADM SHS VFIAX P 2017-09-28 2018-10-03
531.234 VANGUARD 500 INDEX FUND - ADM SHS VFIAX P 2013-05-28 2018-10-03
289.402 VANGUARD 500 INDEX FUND - ADM SHS VFIAX P 2013-08-22 2018-10-03
212.332 VANGUARD 500 INDEX FUND - ADM SHS VFIAX P 2017-10-06 2019-04-10
275.089 VANGUARD 500 INDEX FUND - ADM SHS VFIAX P 2013-08-22 2019-04-10
11191.047 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2018-10-09 2019-01-08
7984.838 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2011-08-03 2019-01-08
402.901 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2013-01-15 2019-01-08
185.205 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2012-12-26 2019-01-08
4291.844 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2015-05-20 2019-01-08
1374.57 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2011-10-28 2019-01-08
937.252 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2013-12-27 2019-01-08
2164.502 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2012-01-31 2019-01-08
1321.586 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2014-01-24 2019-01-08
18132.366 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2012-08-01 2019-01-08
698.729 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2011-12-28 2019-01-08
19940.18 DREYFUS TOTAL EMERGING MARKETS DTEIX P 2016-05-23 2019-01-08
908.679 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2006-08-25 2019-03-04
54.833 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2008-09-02 2019-03-04
1334.858 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2008-09-02 2019-03-04
546.885 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-12-23 2019-03-04
17.078 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-12-23 2019-03-04
304.535 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-12-23 2019-03-04
4533.092 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2015-05-28 2019-03-04
44.847 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-09-06 2019-03-04
5.206 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-09-06 2019-03-04
6871.137 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2013-07-30 2019-03-04
1291.492 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2010-12-27 2019-03-04
1008.548 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2012-12-24 2019-03-04
1418.171 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2009-12-15 2019-03-04
27.879 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2012-09-07 2019-03-04
27.695 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2012-09-07 2019-03-04
146.671 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2010-09-01 2019-03-04
109.491 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2011-09-02 2019-03-04
82.793 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2011-09-02 2019-03-04
4345.307 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2009-07-29 2019-03-04
1087.239 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2011-12-22 2019-03-04
584.014 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2011-12-22 2019-03-04
5.723 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2011-12-22 2019-03-04
1109.13 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2008-12-17 2019-03-04
2550.967 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2008-12-17 2019-03-04
162.521 TIF INT'L EQUITY SERIES INSTITUTION TFEQX P 2008-12-17 2019-03-04
1431.844 VANGUARD SMALL CAP INDEX - ADM SHS VSMAX P 2018-02-28 2019-04-10
1457.513 VANGUARD SMALL CAP INDEX - ADM SHS VSMAX P 2017-10-05 2019-04-10
1103.19 VANGUARD SMALL CAP INDEX - ADM SHS VSMAX P 2017-06-23 2019-04-10
954 TELARIA INC TLRA P 2010-04-22 2019-04-30
786 TELARIA INC TLRA P 2010-04-22 2019-05-08
147 TELARIA INC TLRA P 2011-09-06 2019-05-08
11 TELARIA INC TLRA P 2011-09-20 2019-05-08
8688.097 BALTER LONG/SHORT EQUITY INST. FUND BEQIX P 2018-03-02 2019-05-02
2656.289 BALTER LONG/SHORT EQUITY INST. FUND BEQIX P 2015-10-19 2019-05-02
19900.498 BALTER LONG/SHORT EQUITY INST. FUND BEQIX P 2014-07-29 2019-05-02
15182.186 BALTER LONG/SHORT EQUITY INST. FUND BEQIX P 2014-10-23 2019-05-02
ROUNDING ADJUSTMENT P 2019-06-30 2019-06-30
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 99,417   108,513 -9,096
b 205,113   154,756 50,357
c 175,122   196,356 -21,234
d 261,569   212,561 49,008
e 59,423   68,137 -8,714
124,396   88,311 36,085
    570 -570
    2 -2
27,916     27,916
130,000   130,000 0
16,284   10,882 5,402
22,798   15,179 7,619
9,988   6,258 3,730
4,994   3,061 1,933
7,960   5,300 2,660
18,090   10,393 7,697
48,521   31,197 17,324
45,430   43,337 2,093
27,351   32,567 -5,216
43,948   16,531 27,417
43   30 13
23,253   15,051 8,202
7,751   4,757 2,994
18   15 3
48   44 4
58,297   50,000 8,297
143,518   81,539 61,979
78,185   44,336 33,849
56,631   50,000 6,631
73,369   42,144 31,225
126,684   140,000 -13,316
90,389   101,407 -11,018
4,561   5,000 -439
2,097   2,235 -138
48,584   50,000 -1,416
15,560   16,000 -440
10,610   10,891 -281
24,502   25,000 -498
14,960   15,000 -40
205,260   200,000 5,260
7,910   7,560 350
225,717   200,000 25,717
14,630   22,408 -7,778
883   1,235 -352
21,491   30,074 -8,583
8,805   12,245 -3,440
275   382 -107
4,903   6,819 -1,916
72,983   100,000 -27,017
722   956 -234
84   111 -27
110,625   144,500 -33,875
20,793   25,623 -4,830
16,238   19,647 -3,409
22,833   27,115 -4,282
449   524 -75
446   521 -75
2,361   2,674 -313
1,763   1,993 -230
1,333   1,507 -174
69,959   75,000 -5,041
17,505   18,505 -1,000
9,403   9,940 -537
92   97 -5
17,857   16,692 1,165
41,071   38,392 2,679
2,617   1,514 1,103
107,589   100,000 7,589
109,518   100,000 9,518
82,894   71,652 11,242
6,757   6,993 -236
5,603   5,761 -158
1,048   980 68
78   49 29
95,732   100,000 -4,268
29,269   26,775 2,494
219,279   200,000 19,279
167,289   150,000 17,289
    7 -7
205,473     205,473
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       -9,096
b       50,357
c       -21,234
d       49,008
e       -8,714
      36,085
      -570
      -2
      27,916
      0
      5,402
      7,619
      3,730
      1,933
      2,660
      7,697
      17,324
      2,093
      -5,216
      27,417
      13
      8,202
      2,994
      3
      4
      8,297
      61,979
      33,849
      6,631
      31,225
      -13,316
      -11,018
      -439
      -138
      -1,416
      -440
      -281
      -498
      -40
      5,260
      350
      25,717
      -7,778
      -352
      -8,583
      -3,440
      -107
      -1,916
      -27,017
      -234
      -27
      -33,875
      -4,830
      -3,409
      -4,282
      -75
      -75
      -313
      -230
      -174
      -5,041
      -1,000
      -537
      -5
      1,165
      2,679
      1,103
      7,589
      9,518
      11,242
      -236
      -158
      68
      29
      -4,268
      2,494
      19,279
      17,289
      -7
      205,473
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 2 521,306
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 639,703 13,449,895 0.047562
2016 615,670 12,858,105 0.047882
2015 681,340 12,425,671 0.054833
2014 649,941 13,796,835 0.047108
2013 590,020 13,379,421 0.044099
2
Total of line 1, column (d) .....................
2
0.241484
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
0.048297
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
13,326,122
5
Multiply line 4 by line 3......................
5
643,612
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
8,001
7
Add lines 5 and 6........................
7
651,613
8
Enter qualifying distributions from Part XII, line 4,.............
8
666,386
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 8,001
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 8,001
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,001
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 13,698
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 13,698
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 5,697
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,697 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMI
    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 addressbulletN/A
    14
    The books are in care ofbulletROBERT T BROWNLEE JR Telephone no.bullet (810) 767-0136

    Located atbullet111 EAST COURT STREET SUITE 3DFLINTMI ZIP+4bullet485021649
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CLAIRE MOTT WHITE DECEASED PRESIDENT & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    C EDWARD WHITE JR SECRETARY & ASST TREASURER
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    WILLIAM S WHITE DECEASED TREASURER, V.P. & TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    PAULA M TURRENTINE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    TIFFANY W LOVETT TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    RIDGWAY H WHITE TRUSTEE
    0.00     		0 0 0
    111 EAST COURT STREET SUITE 3D
    FLINT,MI485021649
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE FOUNDATION DID NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES AND DID NOT MAKE ANY PROGRAM RELATED INVESTMENTS. NO ALLOCATION OF ADMINISTRATIVE EXPENSES IS MADE OTHER THAN THE AMOUNT IN PART I, COLUMN D. 0
    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 SEE PART IX-A ABOVE. 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    10,115,996
    b
    Average of monthly cash balances.......................
    1b
    495,239
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,917,823
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,529,058
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    13,529,058
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    202,936
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,326,122
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    666,306
    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
    666,306
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    8,001
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,001
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    658,305
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    658,305
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    658,305
    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
    666,386
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    666,386
    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
    8,001
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    658,385
    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 7 658,305
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 655,231
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 666,386
    a Applied to 2017, but not more than line 2a 655,231
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 11,155
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		647,150
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    TIMOTHY C SANFORD FAX 810-767-1207
    C/O MFO MANAGEMENT COMPANY 111 E
    COURT STREET SUITE 3D
    FLINT,MI485021649
    (810) 767-0136
    bThe form in which applications should be submitted and information and materials they should include:
    INITIAL SUBMISSION SHOULD BE IN THE FORM OF A LETTER EXPLAINING THE ORGANIZATION AND THE PURPOSE OF THE REQUEST.
    cAny submission deadlines:
    A FORMAL SUBMISSION DEADLINE HAS NOT BEEN ESTABLISHED.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THE FOUNDATION WAS FORMED TO MAKE CONTRIBUTIONS TO WORTHY ORGANIZATIONS, MAINLY CHARITABLE AND EDUCATIONAL, WHICH ARE QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
    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
    ALFRED PSLOAN MUSEUM
    1221 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 21,000
    BIBLOS FOUNDATION
    196 SPRING OAKS DRIVE
    BALLWIN,MO63011     		NONE PC GENERAL OPERATING 77,616
    THE NAZARENE FUND
    350 E ROYAL LANE
    IRVING,TX75039     		NONE PC GENERAL OPERATING 150,000
    FLINT CULTURAL CENTER CORPORATION
    601 EAST SECOND STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT INSTITUTE OF ARTS
    1120 E KEARSLEY STREET
    FLINT,MI485031991     		NONE PC GENERAL OPERATING & ART SCHOOL ENDOWMENT 180,000
    FLINT INSTITUTE OF MUSIC
    1025 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 50,000
    FLINT YOUTH THEATRE
    1220 EAST KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    GREATER FLINT ARTS COUNCIL
    816 SOUTH SAGINAW STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 5,000
    ROBERT T LONGWAY PLANETARIUM
    1310 E KEARSLEY STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 5,000
    THE BLESSING PROJECTS
    478 ELDEN STREET PMB146
    HERNDON,VA20170     		NONE PC GENERAL OPERATING 100,000
    WHALEY CHILDREN'S CENTER
    1201 N GRAND TRAVERSE STREET
    FLINT,MI48503     		NONE PC GENERAL OPERATING 1,000
    YWCA OF GREATER FLINT
    801 S SAGINAW STREET
    FLINT,MI48502     		NONE PC GENERAL OPERATING 11,000
    Total .................................bullet 3a 655,616
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 339,278  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 521,306  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 860,584 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    860,584
    (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:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MFO MANAGEMENT FEE 38,000 34,500   3,500
    TAX & AUDIT FEE 7,250 0   7,250

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BLACKROCK FLOATING RATE INCOME PORTFOLIO 29106.323 SHS 289,899 289,899
    TEMPLETON GLOBAL BOND FUND 8927.523 SHS 100,167 100,167
    VANGUARD FIXED INC SECS HIGH YIELD CORPORATE FD, 44220.726 SHS. 259,133 259,133
    VANGUARD SHORT TERM INVESTMENT GRADE FUND, 74176.726 SHS 794,433 794,433

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC/CA-CL C, 30 SHS 32,427 32,427
    APPLE INC 215 SHS 42,553 42,553
    BLACKROCK INC 125 SHS 58,663 58,663
    CBOE GLOBAL MARKETS INC, 650 SHS 67,360 67,360
    CISCO SYSTEMS INC, 1000 SHS 54,730 54,730
    CME GROUP INC, 250 SHS 48,528 48,528
    COCA-COLA COMPANY, 1050 SHS 53,466 53,466
    CORTEVA INC, 166 SHS 4,909 4,909
    DOW INC, 166 SHS 8,185 8,185
    DUPONT DE NEMOURS INC, 166 SHS 12,462 12,462
    HOME DEPOT, INC. (THE), 200 SHS 41,594 41,594
    JPMORGAN CHASE & CO, 350 SHS 39,130 39,130
    KKR & CO INC, 1850 SHS 46,750 46,750
    LOWES COS INC COM, 600 SHS 60,546 60,546
    MONDELEZ INTERNATIONAL, 1200 SHS 64,680 64,680
    PAYPAL HOLDINGS INC, 600 SHS 68,676 68,676
    PEPSICO, INC. 400 SHS 52,452 52,452
    PHILLIPS 66, 550 SHS 51,447 51,447
    QUALCOMM INCORPORATED, 750 SHS 57,053 57,053
    RAYTHEON COMPANY, 300 SHS 52,164 52,164
    SCHLUMBERGER LIMITED, 400 SHS 15,896 15,896
    TARGA RESOURCES CORP, 1000 SHS 39,260 39,260
    THE HOWARD HUGHES CORP, 250 SHS 30,960 30,960
    THE KRAFT HEINZ CO, 550 SHS 17,072 17,072
    TJX COS INC NEW, 1000 SHS 52,880 52,880
    UNITED PARCEL SVC CL B, 450 SHS 46,472 46,472
    UNITED TECHNOLOGIES CORPORATION, 400 SHS 52,080 52,080
    VAIL RESORTS INC, 175 SHS 39,057 39,057
    VANECK VECTORS GOLD MINERS ETF, 3400 SHS 86,904 86,904
    VANGUARD 500 INDEX FUND, 4808.567 SHS 1,305,045 1,305,045
    VERIZON COMMUNICATIONS INC., 750 SHS 42,848 42,848
    VIPER ENERGY PARTNERS, 900 SHS 27,738 27,738
    VISA INC CL A SHRS, 350 SHS 60,743 60,743
    WALT DISNEY CO/THE 300 SHS 41,892 41,892
    WASTE MANAGEMENT INC., 600 SHS 69,222 69,222
    CROWN CASTLE INTL CORP, 450 SHS 58,658 58,658
    VANGUARD GLOBAL EX-US REAL ESTATE INDEX FD, 11662.786 SHS 416,595 416,595
    VANGUARD REIT INDEX FUND, 4031.781 SHS 500,142 500,142
    VANGUARD DEVELOPED MARKETS INDEX, 88488.867 SHS 1,185,751 1,185,751
    VANGUARD EMERGING MARKETS STOCK INDEX, 23526.944 SHS 830,501 830,501
    VANGUARD GLOBAL CAPITAL CYCLES FUND, 18114.903 SHS 145,463 145,463
    MFO - D&D SMID CAP VALUE FUND, 506434.4091696 SHS 758,153 758,153
    MFO - TOWLE FUND, 105174.9005951 SHS 719,417 719,417
    MFO - WESTFIELD FUND B, 14714.1099244 SHS 824,116 824,116
    VANGUARD SMALL CAP INDEX 6244.536 SHS 468,902 468,902

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CATALYST/MILBURN HEDGE STRATEGY FUND 21661.464 SHS FMV 698,149 698,149
    CROSSLINK VI VENTURE FUND FMV 62,877 62,877
    DFJ GROWTH III, LP FMV 101,880 101,880
    DRAPER FISHER JURVETSON GROWTH FUND 2006 LP FMV 260,921 260,921
    GOLDMAN SACHS MLP ENERGY INFASTRUCTURE FUND, 76297.828 SHS FMV 511,958 511,958
    NEXTERA ENERGY PARTNERS LP, 1700.00 SHS FMV 82,025 82,025
    OTTER CREEK LONG/SHORT OPPORTUNITY FUND 45275.106 SHS FMV 529,719 529,719
    PERSHING SQUARE HOLDINGS USD PAR ORDINARY 15650 SHS FMV 274,814 274,814
    WILLIAMS COS INC 2100 SHS FMV 58,884 58,884

    TY 2018 OtherDecreasesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Amount
    UNREALIZED GAIN/LOSSES 139,991


    TY 2018 OtherExpensesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MICHIGAN ANNUAL FILING FEE 20 0   20
    FROM CROSSLINK VENTURES VI SCHEDULE K-1 395 395   0
    FROM DRAPER FISHER JURVETSON GROWTH FUND SCHEDULE K-1 411 411   0
    FROM MFO TOWLE FUND JOINT VENTURE STMT 4,829 4,829   0
    FROM MFO WESTFIELD FUND B JOINT VENTURE STMT 4,560 4,560   0
    FROM MFO D&D SMID CAP VALUE FUND JOINT VENTURE STMT 5,032 5,032   0
    FROM DFJ GROWTH III K-1 3,358 3,358   0


    TY 2018 OtherLiabilitiesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Description Beginning of Year - Book Value End of Year - Book Value
    CAPITAL COMMITMENT - CROSSLINK VI 4,504 4,504


    TY 2018 TaxesSchedule
    Name:
    CHARLES STEWART HARDING FOUNDATION
    EIN:
    38-6081208
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 6,870 6,870   0
    FOREIGN TAXES FROM D&D SMID CAP VALUE FUND 87 87   0
    FOREIGN TAXES FROM MFO TOWLE FUND 221 221   0
    FOREIGN TAXES FROM MFO TOWLE FUND 266 266   0
    FEDERAL EXCISE TAXES AND DEFERRED FEDERAL EXCISE TAXES 1,982 0   0