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TIN:
Form
990-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.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
BOY SCOUTS AK RASMUSON ENDOWMENT
Number and street (or P.O. box number if mail is not delivered to street address)
6325 S RAINBOW BLVD STE 300
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS
,
NV
89118
A Employer identification number
92-6031574
B
Telephone number (see instructions)
(888) 730-4933
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
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 .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
10,444,694
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
261,098
241,471
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
53,197
b
Gross sales price for all assets on line 6a
1,919,433
7
Capital gain net income (from Part IV, line 2)
...
53,197
8
Net short-term capital gain
.........
0
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)
.......
28,157
19,298
12
Total.
Add lines 1 through 11
........
342,452
313,966
13
Compensation of officers, directors, trustees, etc.
72,431
65,188
7,243
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
0
b
Accounting fees (attach schedule)
.......
949
0
0
949
c
Other professional fees (attach schedule)
....
3,660
3,660
0
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
20,791
3,716
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
0
0
23
Other expenses (attach schedule)
.......
779
495
284
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
98,610
73,059
0
8,476
25
Contributions, gifts, grants paid
.......
445,000
445,000
26
Total expenses and disbursements.
Add lines 24 and 25
543,610
73,059
0
453,476
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-201,158
b
Net investment income
(if negative, enter -0-)
240,907
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
1,215
1,215
2
Savings and temporary cash investments
.........
1,395,594
335,066
335,066
3
Accounts receivable
Less: allowance for doubtful accounts
0
0
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
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
7,699,210
8,223,889
10,108,413
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
9,094,804
8,560,170
10,444,694
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 FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
9,094,804
8,560,170
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
9,094,804
8,560,170
30
Total liabilities and net assets/fund balances
(see instructions)
.
9,094,804
8,560,170
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
9,094,804
2
Enter amount from Part I, line 27a
.....................
2
-201,158
3
Other increases not included in line 2 (itemize)
3
16,634
4
Add lines 1, 2, and 3
..........................
4
8,910,280
5
Decreases not included in line 2 (itemize)
5
350,110
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
8,560,170
Form
990-PF
(2019)
Form 990-PF (2019)
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
20. VENTAS REALTY LP/CAP CRP 5.450% PFD
2016-07-06
2019-01-03
b
62. ALTRIA GROUP INC
2013-05-07
2019-01-08
c
127. ASTRAZENECA PLC ADR
2019-01-08
d
81. COCA COLA CO
2019-01-08
e
53. ALTRIA GROUP INC
2013-05-07
2019-01-10
118. ASTRAZENECA PLC ADR
2017-08-07
2019-01-10
68. VERIZON COMMUNICATIONS
2019-01-10
25.932 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-01-28
87. ALTRIA GROUP INC
2019-01-29
98. COCA COLA CO
2016-10-25
2019-01-29
68. VERIZON COMMUNICATIONS
2016-01-06
2019-01-29
25. AMERIPRISE FINL INC
2018-12-19
2019-01-30
25. COMCAST CORP CLASS A
2018-12-19
2019-01-30
20000. AMERICAN EXPRESS CRE 2.600% 9/14/20
2016-04-14
2019-02-06
5000. US TREASURY NOTE 2.625% 7/31/20
2018-08-30
2019-02-06
10000. WELLPOINT INC 4.350% 8/15/20
2017-12-14
2019-02-06
26. CITIGROUP INC 6.875% PFD
2016-07-06
2019-02-12
65. COMCAST CORP CLASS A
2018-12-19
2019-02-14
195. KRAFT HEINZ CO/THE
2019-02-22
43. AMERICAN ELECTRIC POWER INC
2012-05-23
2019-03-01
40. PROCTER & GAMBLE CO
2019-03-01
225. VODAFONE GROUP PLC-SP ADR
2019-03-01
335.00011 AT & T INC
2019-03-05
42.99989 AT & T INC
2013-06-04
2019-03-05
135. ABBVIE INC
2019-03-05
149. ALTRIA GROUP INC
2019-03-05
34. AMERICAN ELECTRIC POWER INC
2012-05-23
2019-03-05
16. ANALOG DEVICES INC
2018-02-22
2019-03-05
13. ANHEUSER-BUSCH INBEV SPN ADR
2018-06-14
2019-03-05
209. BCE INC
2019-03-05
261. BP PLC - ADR
2015-06-24
2019-03-05
99.00028 BRITISH AMERICAN TOBACCO P.L.C - ADR
2019-03-05
101.99972 BRITISH AMERICAN TOBACCO P.L.C - ADR
2018-08-14
2019-03-05
83. CANADIAN IMPERIAL BK OF COMMERCE
2019-03-05
88. CHEVRON CORP
2019-03-05
185. COCA COLA CO
2019-03-05
100. CROWN CASTLE INTL CORP
2019-03-05
144. DOMINION RES INC VA
2019-03-05
117. DUKE ENERGY HOLDING CORP. COM
2012-03-01
2019-03-05
135. EXXON MOBIL CORPORATION
2015-08-26
2019-03-05
97. GENERAL MILLS INC
2019-03-05
245. GLAXOSMITHKLINE PLC - ADR
2019-03-05
269. HUNTINGTON BANCSHARES INC
2018-11-02
2019-03-05
61. KIMBERLY CLARK CORP COM
2012-03-01
2019-03-05
133. LAS VEGAS SANDS CORP
2019-03-05
144. NATIONAL GRID PLC-SP ADR
2012-03-01
2019-03-05
12. NESTLE S.A. REGISTERED SHARES - ADR
2012-07-12
2019-03-05
12. NOVARTIS AG - ADR
2014-11-14
2019-03-05
105. OCCIDENTAL PETE CORP
2019-03-05
20. PNC FINANCIAL SERVICES GROUP
2018-10-26
2019-03-05
248. PPL CORPORATION
2019-03-05
44. PEPSICO INC
2018-08-08
2019-03-05
9. PEPSICO INC
2012-03-01
2019-03-05
164. PHILIP MORRIS INTERNATIONAL IN
2019-03-05
70. PROCTER & GAMBLE CO
2015-09-25
2019-03-05
45. REALTY INCOME CORP COM
2013-07-05
2019-03-05
171. SOUTHERN CO
2019-03-05
103. TOTAL S.A. - ADR
2019-03-05
.99841 UNITED PARCEL SERVICE-CL B
2017-08-12
2019-03-05
75.00159 UNITED PARCEL SERVICE-CL B
2019-03-05
110. VENTAS INC COM
2019-03-05
177. VERIZON COMMUNICATIONS
2019-03-05
19. VERIZON COMMUNICATIONS
2018-11-20
2019-03-05
344. VODAFONE GROUP PLC-SP ADR
2016-07-13
2019-03-05
78. WELLTOWER INC
2013-02-20
2019-03-05
22. COCA-COLA EUROPEAN PARTNERS
2016-10-07
2019-03-05
99. INVESCO LIMITED
2018-07-27
2019-03-05
3. BANK OF NEW YORK MELLON 5.200% PFD
2016-07-06
2019-03-07
2. CITIGROUP INC 6.875% PFD
2016-07-06
2019-03-07
3. GOLDMAN SACHS GROUP INC 5.500% PFD
2016-07-06
2019-03-07
2. GOLDMAN SACHS GROUP INC 6.375% PFD
2016-07-06
2019-03-07
2. MLN MORGAN STANLEY
2016-07-06
2019-03-07
28.224 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-03-07
3. CHARLES SCHWAB CORP 6.000%PFD
2016-07-06
2019-03-07
3. STATE STREET CORP 6.000% PFD
2016-07-06
2019-03-07
38. VERIZON COMMUNICATIONS PFD
2016-07-06
2019-03-11
23. CROWN CASTLE INTL CORP
2017-03-22
2019-03-22
144. VODAFONE GROUP PLC-SP ADR
2019-03-22
36. ANALOG DEVICES INC
2019-03-25
174. DOWDUPONT INC
2018-05-17
2019-03-25
115. TORONTO DOMINION BK ONT COM NEW
2019-03-25
2. ALLSTATE CORP 6.625% PFD
2016-07-06
2019-03-26
2. BANK OF AMERICA CORP 6.500% PFD
2016-07-06
2019-03-26
2. BANK OF AMERICA CORP 6.625% PFD
2016-07-06
2019-03-26
24. BERKLEY (WR) CORPORATION 5.625% PFD
2016-07-06
2019-03-26
2. BERKLEY (WR) CORPORATION 5.750% PFD
2016-07-06
2019-03-26
2. CAPITAL ONE FINANCIAL CO 6.700% PFD
2016-07-06
2019-03-26
1. CITIGROUP INC 6.875% PFD
2016-07-06
2019-03-26
1. CITIGROUP INC 7.125% PFD
2016-07-06
2019-03-26
1. DTE ENERGY CO 6.000% PFD
2016-11-29
2019-03-26
1. ENTERGY NEW ORLEANS INC 5.500% PFD
2016-07-06
2019-03-26
1. HARTFORD FINL SVCS GRP 7.875% PFD
2016-07-06
2019-03-26
2. MORGAN STANLEY 6.625% PFD
2016-07-06
2019-03-26
2. MORGAN STANLEY 5.850% PFD
2017-01-25
2019-03-26
1. MORGAN STANLEY 6.875% PFD
2016-07-06
2019-03-26
2. NY COMMUNITY BANCORP INC 6.375% PFD
2017-03-13
2019-03-26
2. PNC FINANCIAL SERVICES 6.125% PFD
2016-07-06
2019-03-26
1. REGIONS FINANCIAL CORP 6.375% PFD
2016-07-06
2019-03-26
1. VR REINSURANCE GRP O 5.750% 6/15/56
2018-12-11
2019-03-26
1. STATE STREET CORP 5.900 PFD
2016-07-06
2019-03-26
13. PUBLIC STORAGE 6.375% PFD
2016-07-06
2019-03-28
2296.043 GAI CORBIN MULTI STRATEGY FUND
2014-10-29
2019-03-31
388.639 GAI AGILITY INCOME FUND
2019-03-31
14. DIGITAL REALTY TRUST INC 7.375 PFD
2016-07-06
2019-04-01
15000. US TREASURY NOTE 2.625% 6/15/21
2018-07-02
2019-04-09
5000. US TREASURY NOTE 2.125% 9/30/21
2016-12-20
2019-04-09
45. BERSHIRE HATHAWAY INC.
2019-04-22
10000. UNITED TECHNOLOGIES 3.100% 6/01/22
2019-03-06
2019-04-22
15000. UNITED TECHNOLOGIES 3.100% 6/01/22
2017-04-04
2019-04-22
22. CROWN CASTLE INTL CORP
2017-03-22
2019-04-24
53. GENERAL MILLS INC
2019-04-24
26. PROCTER & GAMBLE CO
2015-09-25
2019-04-24
.6 ALCON INC
2012-07-12
2019-04-30
28.4 ALCON INC
2019-05-03
7.6 ALCON INC
2018-10-26
2019-05-03
60. ROCHE HOLDINGS LTD - ADR
2019-03-05
2019-05-10
15. THERMO FISHER SCIENTIFIC INC
2019-03-05
2019-05-10
20. ZOETIS INC
2019-03-05
2019-05-10
2. CAPITAL ONE FINANCIAL CO 6.250% PFD
2016-07-06
2019-05-20
2. DOMINION RESOURCES INC 5.250% PFD
2016-07-13
2019-05-20
7. ENTERGY ARKANSAS INC 4.900% PFD
2016-07-06
2019-05-20
2. GATX CORP 5.625% PFD
2016-07-06
2019-05-20
2. GEORGIA POWER CO 5.000% PFD
2017-09-19
2019-05-20
2. GOLDMAN SACHS GROUP INC 6.300% PFD
2016-07-06
2019-05-20
23.938 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-05-20
23. CROWN CASTLE INTL CORP
2019-05-29
43. GENERAL MILLS INC
2017-09-18
2019-05-29
30. PROCTER & GAMBLE CO
2015-09-25
2019-05-29
4973.109 BLACKROCK GL L/S CREDIT-K #1940
2019-06-06
10557.745 OAKMARK INTERNATIONAL-INST #2886
2011-03-28
2019-06-06
30. WALT DISNEY CO
2019-06-06
2019-06-11
33. ROCHE HOLDINGS LTD - ADR
2017-04-08
2019-06-11
432. ROCHE HOLDINGS LTD - ADR
2019-06-11
14. LVMH MOET HENNESSY UNSP ADR - ADR
2019-06-14
9. MICROSOFT CORP
2012-12-27
2019-06-14
20. MONDELEZ INTERNATIONAL INC
2018-04-05
2019-06-14
88. NESTLE S.A. REGISTERED SHARES - ADR
2012-07-12
2019-06-14
17. ROYAL DUTCH SHELL PLC ADR
2012-07-12
2019-06-14
84. COCA-COLA EUROPEAN PARTNERS
2019-06-14
15000. EXPRESS SCRIPTS HOLD 2.250% 6/15/19
2015-08-13
2019-06-15
22. BANK OF AMERICA CORP 6.625% PFD
2016-07-06
2019-06-20
28. SENIOR HOUSING PROP TRUS 5.625% PFD
2016-07-06
2019-06-20
20. SENIOR HOUSING PROPERTIE 6.250% PFD
2016-07-06
2019-06-20
36. AMERICAN ELECTRIC POWER INC
2012-05-23
2019-06-26
21. CROWN CASTLE INTL CORP
2017-04-27
2019-06-26
32. AMERICAN ELECTRIC POWER INC
2012-05-23
2019-06-27
4. CROWN CASTLE INTL CORP
2017-04-27
2019-06-27
17. CROWN CASTLE INTL CORP
2018-11-30
2019-06-27
18. PUBLIC STORAGE 6.000 PFD
2016-07-06
2019-06-27
5000. PROCTER & GAMBLE CO/ 2.300% 2/06/22
2019-03-06
2019-06-28
25000. PROCTER & GAMBLE CO/ 2.300% 2/06/22
2017-03-20
2019-06-28
80. BRITISH AMERICAN TOBACCO P.L.C - ADR
2018-07-28
2019-07-01
65. SUNCOR ENERGY INC NEW F
2019-03-05
2019-07-02
15. APPLE INC
2019-06-06
2019-07-03
80. CISCO SYSTEMS INC
2019-06-06
2019-07-03
40. MICROSOFT CORP
2019-06-06
2019-07-03
25. UNION PACIFIC CORP
2019-06-06
2019-07-03
20. CROWN CASTLE INTL CORP
2018-11-30
2019-07-12
51. GENERAL MILLS INC
2019-07-12
21. CROWN CASTLE INTL CORP
2018-11-30
2019-07-17
52. GENERAL MILLS INC
2017-10-18
2019-07-17
20. KIMBERLY CLARK CORP COM
2012-03-01
2019-07-17
20000. US TREASURY NOTE 2.000% 12/31/22
2017-03-28
2019-07-18
25. ELI LILLY & CO COM
2019-03-05
2019-07-19
30. MERCK & CO INC NEW
2019-06-06
2019-07-19
20. THERMO FISHER SCIENTIFIC INC
2019-06-06
2019-07-19
35. ZOETIS INC
2019-06-06
2019-07-19
56. BRITISH AMERICAN TOBACCO P.L.C - ADR
2019-07-23
16. KIMBERLY CLARK CORP COM
2012-03-01
2019-07-23
4. KIMBERLY CLARK CORP COM
2018-08-14
2019-07-23
19. PROCTER & GAMBLE CO
2015-09-25
2019-07-23
24.78 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-07-26
59. BRITISH AMERICAN TOBACCO P.L.C - ADR
2018-11-12
2019-07-29
20. PROCTER & GAMBLE CO
2015-09-25
2019-07-29
45. CME GROUP INC
2019-07-30
18. PROCTER & GAMBLE CO
2019-01-08
2019-08-01
7. PROCTER & GAMBLE CO
2015-09-25
2019-08-01
20000. FED NATL MTG ASSN 2.625% 9/06/24
2017-03-20
2019-08-02
23. PROCTER & GAMBLE CO
2019-01-08
2019-08-05
30. HASBRO INC
2017-12-13
2019-08-07
32. LVMH MOET HENNESSY UNSP ADR - ADR
2014-09-04
2019-08-07
13. MICROSOFT CORP
2012-12-27
2019-08-07
368. PUBLICIS GROUPE S.A. - ADR
2017-12-13
2019-08-07
139. PENTAIR PLC
2019-08-07
55. COGNIZANT TECH SOLUTIONS CRP COM
2019-03-05
2019-08-13
20. DIAGEO PLC - ADR
2019-06-06
2019-08-13
20. UNION PACIFIC CORP
2019-06-06
2019-08-13
20. UNITED PARCEL SERVICE-CL B
2017-06-26
2019-08-13
10000. FED NATL MTG ASSN 2.625% 9/06/24
2017-03-20
2019-08-14
18. CROWN CASTLE INTL CORP
2019-08-28
70. PHILIP MORRIS INTERNATIONAL IN
2019-08-28
47. SOUTHERN CO
2018-01-17
2019-08-28
11. VORNADO REALTY TRUST 5.400% PFD
2016-07-06
2019-08-28
20000. INTEL CORP 3.300% 10/01/21
2017-01-12
2019-08-29
10000. US TREASURY NOTE 2.000% 7/31/22
2017-12-01
2019-08-29
47. SOUTHERN CO
2019-08-30
42. BB&T CORPORATION 5.625 PFD
2016-07-06
2019-09-01
25. JPMORGAN CHASE & CO 6.300% PFD
2016-07-06
2019-09-01
35. DOMINION RES INC VA
2019-09-06
40. KIMBERLY CLARK CORP COM
2018-08-14
2019-09-06
53. BANK OF AMERICA CORP 6.625% PFD
2016-07-06
2019-09-09
15. APPLE INC
2019-06-06
2019-09-10
35. CELANESE CORP
2019-03-05
2019-09-10
25. NIKE INC CL B
2019-03-05
2019-09-10
20. PNC FINANCIAL SERVICES GROUP
2018-10-26
2019-09-10
10. PNC FINANCIAL SERVICES GROUP
2019-06-06
2019-09-10
127. ALTRIA GROUP INC
2019-09-16
52. COCA COLA CO
2017-04-06
2019-09-16
20. CROWN CASTLE INTL CORP
2018-12-04
2019-09-18
10. NEXTERA ENERGY CAPITAL 5.125% PFD
2016-07-06
2019-09-23
20000. US TREASURY NOTE 2.125% 9/30/21
2016-12-20
2019-09-25
1. AT&T INC 5.350% PFD
2017-10-26
2019-09-27
1. ALABAMA POWER CO 5.000% PFD
2017-09-06
2019-09-27
1. ALLSTATE CORP 5.625% PFD
2018-03-27
2019-09-27
1. ALLSTATE CORP PFD
2016-07-06
2019-09-27
24. AMERICAN FINANCIAL GROUP 6.250% PFD
2016-07-06
2019-09-27
1. AMERICAN FINANCIAL GROUP 6.000% PFD
2016-07-06
2019-09-27
2. ARCH CAPITAL GROUP LTD 5.450% PFD
2017-08-15
2019-09-27
2. ARCH CAPITAL GROUP LTD 5.250% PFD
2016-09-23
2019-09-27
1. AXIS CAPITAL HLDGS LTD 5.500% PFD
2017-02-27
2019-09-27
2. BB&T CORPORATION 5.200% PFD
2016-07-06
2019-09-27
1. BB&T CORPORATION 5.625% PFD
2016-07-06
2019-09-27
2. BANK OF AMERICA CORP 6.000% PFD
2016-07-06
2019-09-27
1. BANK OF AMERICA CORP 6.200% PFD
2016-07-06
2019-09-27
2. BANK OF AMERICA CORP 6.500% PFD
2016-07-06
2019-09-27
1. BANK OF AMERICA CORP 5.375% PFD
2019-06-19
2019-09-27
1. BANK OF NEW YORK MELLON 5.200% PFD
2016-07-06
2019-09-27
1. BERKLEY (WR) CORPORATION 5.900% PFD
2016-07-06
2019-09-27
1. CMS ENERGY CORP PFD
2018-03-07
2019-09-27
36. CAPITAL ONE FINANCIAL CO 6.250% PFD
2016-07-06
2019-09-27
1. CAPITAL ONE FINANCIAL CO 6.700% PFD
2016-07-06
2019-09-27
1. CAPITAL ONE FINANCIAL CO 6.200% PFD
2016-07-06
2019-09-27
1. CITIGROUP INC 6.300% PFD
2016-07-06
2019-09-27
1. CITIGROUP INC 6.875% PFD
2016-07-06
2019-09-27
1. CITIGROUP INC 7.125% PFD
2016-07-06
2019-09-27
18. CROWN CASTLE INTL CORP
2018-12-04
2019-09-27
1. DTE ENERGY CO 5.375% PFD
2016-07-06
2019-09-27
1. DTE ENERGY CO 5.250% PFD
2017-11-14
2019-09-27
2. ENBRIDGE INC PFD
2018-04-06
2019-09-27
2. ENTERGY ARKANSAS INC 4.875%
2016-08-16
2019-09-27
7. ENTERGY ARKANSAS INC 4.750% PFD
2016-07-06
2019-09-27
1. ENTERGY MISSISSIPPI INC 4.900% PFD
2016-09-22
2019-09-27
1. FIRST REPUBLIC BANK 5.125$ PFD
2017-06-06
2019-09-27
3. GOLDMAN SACHS GROUP INC 5.500% PFD
2016-07-06
2019-09-27
1. GOLDMAN SACHS GROUP INC 6.375% PFD
2016-07-06
2019-09-27
1. HARTFORD FINL SVCS GRP 7.875% PFD
2016-07-06
2019-09-27
1. HARTFORD FINL SVCS GRP 6.000% PFD
2018-11-14
2019-09-27
1. JPMORGAN CHASE & CO 5.450% PFD
2016-07-06
2019-09-27
2. JP MORGAN CHASE & CO 6.125 PFD
2016-07-06
2019-09-27
1. JPMORGAN CHASE & CO 6.100% PFD
2016-07-06
2019-09-27
1. JPMORGAN CHASE & CO 6.000% PFD
2019-01-17
2019-09-27
1. KEYCORP 6.125% PFD
2017-01-19
2019-09-27
1. KIMCO REALTY CORP 5.250% PFD
2017-12-12
2019-09-27
1. KIMCO REALTY CORP 5.125% PFD
2017-08-08
2019-09-27
11. KIMCO REALTY CORP 5.500% PFD
2016-07-06
2019-09-27
1. MORGAN STANLEY
2016-07-06
2019-09-27
1. MLN MORGAN STANLEY
2016-07-06
2019-09-27
1. MORGAN STANLEY 6.625% PFD
2016-07-06
2019-09-27
1. NATL RETAIL PROPERTIES 5.700% PFD
2016-07-06
2019-09-27
2. NATIONAL RETAIL PROP INC 5.200% PFD
2016-10-14
2019-09-27
1. NY COMMUNITY BANCORP INC 6.375% PFD
2017-03-13
2019-09-27
1. NEXTERA ENERGY CAPITAL 5.250% PFD
2016-07-06
2019-09-27
11. NEXTERA ENERGY CAPITAL 5.125% PFD
2016-07-06
2019-09-27
2. NEXTERA ENERGY CAPITAL PFD
2019-03-12
2019-09-27
2. PNC FINANCIAL SERVICES 6.125% PFD
2016-07-06
2019-09-27
2. PS BUSINESS PARKS INC 5.200% PFD
2018-01-10
2019-09-27
1. PS BUSINESS PARKS INC 5.250% PFD
2017-09-25
2019-09-27
35.798 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-09-27
1. PUBLIC STORAGE 5.150% PFD
2017-06-05
2019-09-27
1. PUBLIC STORAGE 5.125% PFD
2016-07-06
2019-09-27
1. REGIONS FINANCIAL CORP 6.375% PFD
2016-07-06
2019-09-27
1. REINSURANCE GRP OF AMER 6.200% PFD
2017-02-27
2019-09-27
1. RENAISSANCERE HOLDINGS L 5.750% PFD
2018-06-13
2019-09-27
2. CHARLES SCHWAB CORP 6.000%PFD
2016-07-06
2019-09-27
2. CHARLES SCHWAB CORP 5.950% PFD
2016-07-06
2019-09-27
1. SITE CENTERS CORP 6.375% PFD
2017-06-02
2019-09-27
1. SOUTHERN CO 6.250% PFD
2016-07-06
2019-09-27
1. SOUTHERN CO 5.250% PFD
2016-09-15
2019-09-27
1. STATE STREET CORP 5.900 PFD
2016-07-06
2019-09-27
1. STATE STREET CORP 5.350% PFD
2017-02-27
2019-09-27
1. STATE STREET CORP 6.000% PFD
2016-07-06
2019-09-27
1. STIFEL FINANCIAL CORP 5.200% PFD
2017-09-28
2019-09-27
109. TOTAL S.A. - ADR
2019-09-27
1. US BANCORP
2016-07-06
2019-09-27
1. US BANCORP 6.500% PFD
2016-07-06
2019-09-27
5000. U S TREASURY NT 3.125% 5/25/21
2018-04-24
2019-09-27
2. VORNADO REALTY TRUST 5.250% PFD
2017-12-05
2019-09-27
1. WEBSTER FINANCIAL CORP 5.250% PFD
2017-12-07
2019-09-27
2. AXIS CAPITAL HLDGS LTD 5.500% PFD
2016-07-06
2019-09-27
20000. BB&T CORPORATION 2.050% 5/10/21
2016-08-24
2019-09-30
15000. CVS HEALTH CORP 2.125% 6/01/21
2016-12-08
2019-09-30
15. PEPSICO INC
2018-12-12
2019-10-04
6. PEPSICO INC
2018-08-08
2019-10-04
121. TOTAL S.A. - ADR
2019-10-04
28. TOTAL S.A. - ADR
2017-10-10
2019-10-04
25. UNITED PARCEL SERVICE-CL B
2017-08-12
2019-10-04
21. NATL RETAIL PROPERTIES 5.700% PFD
2016-07-06
2019-10-05
20. PEPSICO INC
2018-12-12
2019-10-07
38. VENTAS INC COM
2019-10-07
11. ALLSTATE CORP 6.250% PFD
2016-07-06
2019-10-15
45. ALLSTATE CORP 6.625% PFD
2016-07-06
2019-10-15
10. LAM RESEARCH CORP COM
2019-06-06
2019-10-16
1125. UBS GROUP AG
2019-10-16
25. TE CONNECTIVITY LTD
2019-06-06
2019-10-16
6. AMGEN INC
2017-04-05
2019-10-29
58. BASF AKTIENGESELLSCHAFT - LVL 1 ADR
2016-06-28
2019-10-29
433. FERGUSON NEWCO PLC-ADR
2019-10-29
26. PHILIPS ELECTRONICS - NY SHR ADR
2013-10-31
2019-10-29
92. MONDELEZ INTERNATIONAL INC
2018-04-05
2019-10-29
5. NEXTERA ENERGY INC
2016-06-28
2019-10-29
54. TC ENERGY CORP
2019-10-29
20. UNILEVER N.V. - ADR
2019-10-29
20000. DOW CHEMICAL CO/THE 4.125% 11/15/21
2019-11-12
23. UNITED PARCEL SERVICE-CL B
2019-11-18
24. UNITED PARCEL SERVICE-CL B
2018-08-14
2019-11-25
30. JPMORGAN CHASE & CO 5.450% PFD
2016-07-06
2019-12-01
57. CAPITAL ONE FINANCIAL CO 6.700% PFD
2016-07-06
2019-12-02
53. COCA COLA CO
2019-12-10
21. PEPSICO INC
2018-12-12
2019-12-10
46. SOUTHERN CO
2018-01-30
2019-12-10
87. AT & T INC
2019-12-11
46. CHEVRON CORP
2012-07-12
2019-12-11
29. MICROSOFT CORP
2012-12-27
2019-12-11
350. NIELSEN HLDGS PLC
2019-12-11
68. STATE STREET CORP 6.000% PFD
2016-07-06
2019-12-15
15000. DOWDUPONT INC 3.766% 11/15/20
2019-03-06
2019-12-17
9. SOUTHERN CO 6.250% PFD
2016-07-06
2019-12-17
11. SOUTHERN CO 5.250% PFD
2016-09-15
2019-12-18
15. LAM RESEARCH CORP COM
2018-12-19
2019-12-26
34.834 PRINCIPAL FDS-CAPITAL SEC-S #4325
2016-07-25
2019-12-30
7. PUBLIC STORAGE 5.875% PFD
2016-07-06
2019-12-30
CAPITAL GAIN 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
500
548
-48
b
3,070
2,267
803
c
4,865
3,847
1,018
d
3,826
3,387
439
e
2,605
1,938
667
4,506
3,537
969
3,911
3,442
469
248
255
-7
3,990
3,547
443
4,630
4,174
456
3,631
3,094
537
2,966
2,739
227
883
907
-24
19,905
20,442
-537
5,005
4,997
8
10,188
10,509
-321
650
720
-70
2,427
2,358
69
6,873
11,366
-4,493
3,471
1,623
1,848
3,916
3,020
896
3,979
7,363
-3,384
10,020
11,946
-1,926
1,286
1,527
-241
10,645
13,129
-2,484
7,867
10,134
-2,267
2,753
1,283
1,470
1,734
1,420
314
1,070
1,270
-200
9,150
9,825
-675
11,142
10,904
238
3,800
5,341
-1,541
3,915
5,442
-1,527
7,017
7,459
-442
10,806
9,549
1,257
8,430
7,893
537
11,983
8,579
3,404
10,850
9,530
1,320
10,487
7,374
3,113
10,777
9,732
1,045
4,533
5,553
-1,020
9,895
10,639
-744
3,831
4,409
-578
7,120
4,232
2,888
7,940
7,513
427
8,073
8,121
-48
1,098
717
381
1,080
1,124
-44
7,048
6,725
323
2,557
2,951
-394
8,060
6,764
1,296
5,103
5,003
100
1,044
563
481
14,235
13,230
1,005
6,944
5,064
1,880
3,143
1,746
1,397
8,564
7,668
896
5,946
5,556
390
110
113
-3
8,278
9,444
-1,166
6,880
6,863
17
9,896
8,178
1,718
1,060
1,150
-90
5,999
10,613
-4,614
5,837
4,856
981
1,049
854
195
1,927
2,566
-639
74
79
-5
55
57
-2
78
79
-1
55
56
-1
57
59
-2
275
278
-3
80
82
-2
78
84
-6
950
1,052
-102
2,925
2,064
861
2,750
4,096
-1,346
3,778
3,173
605
9,328
11,901
-2,573
6,311
4,865
1,446
51
56
-5
52
54
-2
51
55
-4
598
612
-14
51
50
1
51
57
-6
27
29
-2
27
29
-2
27
25
2
27
27
29
31
-2
52
54
-2
52
51
1
28
29
-1
52
50
2
53
61
-8
27
28
-1
27
24
3
26
28
-2
325
367
-42
228,218
250,000
-21,782
387,431
400,000
-12,569
350
403
-53
15,098
14,995
103
4,977
5,010
-33
9,433
9,039
394
10,033
10,006
27
15,050
15,520
-470
2,725
1,974
751
2,707
3,025
-318
2,705
1,881
824
35
20
15
1,671
1,070
601
447
392
55
1,908
2,089
-181
3,927
3,815
112
2,009
1,915
94
51
54
-3
51
50
1
178
176
2
52
50
2
50
50
53
54
-1
238
236
2
2,906
2,124
782
2,064
2,426
-362
3,134
2,170
964
49,383
51,869
-2,486
230,370
208,528
21,842
4,064
4,093
-29
1,126
1,041
85
14,738
14,669
69
1,109
513
596
1,192
243
949
1,098
845
253
8,930
5,259
3,671
1,078
1,156
-78
4,762
3,227
1,535
15,000
14,861
139
559
601
-42
612
707
-95
487
527
-40
3,222
1,359
1,863
2,759
1,953
806
2,807
1,208
1,599
522
372
150
2,218
1,909
309
450
505
-55
5,040
4,948
92
25,199
25,163
36
2,867
4,275
-1,408
2,021
2,213
-192
3,053
2,744
309
4,462
4,350
112
5,481
5,042
439
4,283
4,265
18
2,652
2,246
406
2,721
2,758
-37
2,783
2,358
425
2,738
2,720
18
2,762
1,388
1,374
20,227
20,008
219
2,689
3,210
-521
2,447
2,472
-25
5,828
5,534
294
4,008
3,856
152
2,135
2,619
-484
2,162
1,110
1,052
540
444
96
2,171
1,374
797
251
244
7
2,206
2,266
-60
2,318
1,447
871
8,883
8,712
171
2,116
1,669
447
823
506
317
20,880
20,259
621
2,618
2,132
486
3,387
2,856
531
2,555
1,141
1,414
1,728
350
1,378
4,240
6,316
-2,076
5,074
5,871
-797
3,395
3,932
-537
3,280
3,428
-148
3,378
3,412
-34
2,334
2,541
-207
10,515
10,129
386
2,634
2,030
604
5,211
6,033
-822
2,714
2,121
593
278
284
-6
20,627
20,950
-323
10,157
9,969
188
2,721
2,120
601
1,050
1,097
-47
625
683
-58
2,693
2,584
109
5,556
4,445
1,111
1,325
1,449
-124
3,210
2,744
466
4,311
3,608
703
2,170
2,147
23
2,751
2,949
-198
1,376
1,337
39
5,271
8,102
-2,831
2,799
2,220
579
2,798
2,274
524
254
261
-7
20,160
20,041
119
27
25
2
27
25
2
27
25
2
27
27
612
647
-35
26
27
-1
51
50
1
51
50
1
26
23
3
50
52
-2
27
26
1
53
53
26
27
-1
51
54
-3
26
25
1
26
26
26
27
-1
27
25
2
910
969
-59
25
28
-3
26
27
-1
26
27
-1
28
29
-1
28
29
-1
2,523
2,046
477
26
25
1
27
25
2
56
50
6
53
50
3
177
179
-2
27
25
2
26
25
1
80
79
1
28
28
29
31
-2
28
25
3
25
26
-1
51
54
-3
26
27
-1
28
25
3
29
26
3
26
25
1
26
25
1
280
284
-4
22
21
1
29
30
-1
25
27
-2
25
27
-2
51
50
1
28
25
3
27
25
2
278
287
-9
55
50
5
55
61
-6
51
50
1
26
25
1
366
352
14
26
25
1
26
26
28
28
27
30
-3
27
25
2
53
55
-2
54
54
27
25
2
27
28
-1
26
25
1
27
28
-1
27
26
1
25
28
-3
27
25
2
5,660
5,892
-232
21
24
-3
27
31
-4
5,112
5,070
42
52
50
2
26
25
1
50
53
-3
19,994
20,257
-263
14,983
14,744
239
2,090
1,759
331
836
682
154
5,920
6,889
-969
1,370
1,514
-144
2,932
2,838
94
525
560
-35
2,766
2,345
421
2,799
2,141
658
275
311
-36
1,125
1,268
-143
2,355
1,832
523
12,576
13,925
-1,349
2,318
2,222
96
1,241
981
260
1,127
1,063
64
3,584
2,822
762
1,107
922
185
4,858
3,889
969
1,158
635
523
2,726
2,658
68
1,166
754
412
20,848
20,571
277
2,822
2,685
137
2,878
2,862
16
750
786
-36
1,425
1,620
-195
2,858
2,268
590
2,875
2,462
413
2,778
2,062
716
3,313
3,368
-55
5,365
4,856
509
4,380
782
3,598
6,863
11,690
-4,827
1,700
1,898
-198
15,232
15,196
36
237
253
-16
291
275
16
4,415
2,067
2,348
362
343
19
175
193
-18
28,606
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
-48
b
803
c
1,018
d
439
e
667
969
469
-7
443
456
537
227
-24
-537
8
-321
-70
69
-4,493
1,848
896
-3,384
-1,926
-241
-2,484
-2,267
1,470
314
-200
-675
238
-1,541
-1,527
-442
1,257
537
3,404
1,320
3,113
1,045
-1,020
-744
-578
2,888
427
-48
381
-44
323
-394
1,296
100
481
1,005
1,880
1,397
896
390
-3
-1,166
17
1,718
-90
-4,614
981
195
-639
-5
-2
-1
-1
-2
-3
-2
-6
-102
861
-1,346
605
-2,573
1,446
-5
-2
-4
-14
1
-6
-2
-2
2
-2
-2
1
-1
2
-8
-1
3
-2
-42
-21,782
-12,569
-53
103
-33
394
27
-470
751
-318
824
15
601
55
-181
112
94
-3
1
2
2
-1
2
782
-362
964
-2,486
21,842
-29
85
69
596
949
253
3,671
-78
1,535
139
-42
-95
-40
1,863
806
1,599
150
309
-55
92
36
-1,408
-192
309
112
439
18
406
-37
425
18
1,374
219
-521
-25
294
152
-484
1,052
96
797
7
-60
871
171
447
317
621
486
531
1,414
1,378
-2,076
-797
-537
-148
-34
-207
386
604
-822
593
-6
-323
188
601
-47
-58
109
1,111
-124
466
703
23
-198
39
-2,831
579
524
-7
119
2
2
2
-35
-1
1
1
3
-2
1
-1
-3
1
-1
2
-59
-3
-1
-1
-1
-1
477
1
2
6
3
-2
2
1
1
-2
3
-1
-3
-1
3
3
1
1
-4
1
-1
-2
-2
1
3
2
-9
5
-6
1
1
14
1
-3
2
-2
2
-1
1
-1
1
-3
2
-232
-3
-4
42
2
1
-3
-263
239
331
154
-969
-144
94
-35
421
658
-36
-143
523
-1,349
96
260
64
762
185
969
523
68
412
277
137
16
-36
-195
590
413
716
-55
509
3,598
-4,827
-198
36
-16
16
2,348
19
-18
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
53,197
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))
2018
456,682
10,085,678
0.04528
2017
522,714
10,075,543
0.051879
2016
449,031
9,539,465
0.047071
2015
490,771
9,929,855
0.049424
2014
518,673
10,306,858
0.050323
2
Total
of line 1, column (d)
.....................
2
0.243977
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
0.048795
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
9,843,556
5
Multiply line 4 by line 3
......................
5
480,316
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
2,409
7
Add lines 5 and 6
........................
7
482,725
8
Enter qualifying distributions from Part XII, line 4
,.............
8
453,476
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
(2019)
Form 990-PF (2019)
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
4,818
here
and 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
4,818
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
4,818
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
10,832
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
7
Total credits and payments. Add lines 6a through 6d
..............
7
10,832
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
6,014
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
4,820
Refunded
11
1,194
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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
AK
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 2019 or the taxable year beginning in 2019? 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
(2019)
Form 990-PF (2019)
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 address
N/A
14
The books are in care of
WELLS FARGO BANK NA
Telephone no.
(888) 730-4933
Located at
100 N MAIN ST MAC D4001-117
WINSTON SALEM
NC
ZIP+4
27101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
WELLS FARGO BANK N A
TRUSTEE
1
72,431
100 N MAIN ST MAC D4001-117
WINSTON SALEM
,
NC
27101
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
.............
0
Part IX-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
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
9,366,531
b
Average of monthly cash balances
.......................
1b
626,927
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
9,993,458
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
9,993,458
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
149,902
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
9,843,556
6
Minimum investment return.
Enter 5% of line 5
..................
6
492,178
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
492,178
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
4,818
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
4,818
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
487,360
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
487,360
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
487,360
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
453,476
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
453,476
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
453,476
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
487,360
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
27,800
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
0
b
From 2015
......
0
c
From 2016
......
0
d
From 2017
......
0
e
From 2018
......
0
f
Total
of lines 3a through e
........
0
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
453,476
a
Applied to 2018, but not more than line 2a
27,800
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 2019 distributable amount
.....
425,676
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter 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 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
61,684
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 2014 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2015
....
0
b
Excess from 2016
....
0
c
Excess from 2017
....
0
d
Excess from 2018
....
0
e
Excess from 2019
....
0
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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
b
List 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
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
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
a
The name, address, and telephone number or email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form
990-PF
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
BOY SCOUTS OF AMERICA COUNCIL
MIDNIGHT SUN COUCIL
1400 GILLIAM WAY
FAIRBANKS
,
AK
99701
NONE
PC
GENERAL OPERATING
189,737
GREAT ALASKA COUNCIL
3117 PATTERSON ST
Anchorage
,
AK
99504
NONE
PC
GENERAL OPERATING
255,263
Total
.................................
3a
445,000
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees 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
261,098
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
53,197
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
FEDERAL TAX REFUND
1
8,859
b
OTHER INCOME
1
12,181
c
PARTNERSHIP INCOME
14
7,117
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
342,452
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
342,452
(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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
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
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description