TY 2019 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019

Name of foundation
THE MALONE FAMILY FOUNDATION

% MARRS SEVIER & COMPANY LLC

Number and street (or P.O. box number if mail is not delivered to street address)440 SOUTH BEACH RD
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
HOBE SOUND, FL33455

A Employer identification number

84-1408520

B Telephone number (see instructions)

(720) 875-5201

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$141,767,560J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	2,946,453		2,946,453
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-5,154,828
b	Gross sales price for all assets on line 6a 95,036,494
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	-2,208,375		2,946,453
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......	105,960		105,960
15	Pension plans, employee benefits.......	19,514		19,514
16a	Legal fees (attach schedule).........		6,293	4,720	0	1,573
b	Accounting fees (attach schedule).......		12,500	9,375	0	3,125
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		73,575	23,575
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	3,987		3,987
22	Printing and publications..........
23	Other expenses (attach schedule).......		1,275,035	1,275,035
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,496,864		1,442,166	0	4,698
25	Contributions, gifts, grants paid.......	7,177,401				7,177,401
26	Total expenses and disbursements. Add lines 24 and 25	8,674,265		1,442,166	0	7,182,099
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-10,882,640
b	Net investment income (if negative, enter -0-)			1,504,287
c	Adjusted net income (if negative, enter -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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	5,027,971	1,446,821	1,446,821
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	110,026,299	98,740,316	130,963,869
	c	Investments—corporate bonds (attach schedule).......	4,940,517	9,262,884	9,291,127
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	223,255	36,655	65,743
	14	Land, buildings, and equipment: basis 34,015
		Less: accumulated depreciation (attach schedule) 34,014	1	1
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	120,218,043	109,486,677	141,767,560
	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 )	102,269	15,325
	23	Total liabilities (add lines 17 through 22).........	102,269	15,325
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	120,115,774	109,471,352
	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........
	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).....	120,115,774	109,471,352
	30	Total liabilities and net assets/fund balances (see instructions).	120,218,043	109,486,677

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

120,115,774

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

-10,882,640

Other increases not included in line 2 (itemize) bullet

238,218

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

109,471,352

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

109,471,352

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	600 ALLERGAN PLC SHS	P	2018-11-30	2019-07-09
b	7955 AT&T INC	P	2018-08-10	2019-08-06
c	9920 BANK OF NEW YORK MELLON CORP	P	2019-02-28	2019-09-24
d	1770 BERKSHIRE HATHAWAY CL-B NEW	P	2018-09-12	2019-01-11
e	129 CALL AGN 03/15/19 175.000	P	2019-01-07	2019-01-25
	129 CALL AGN 06/21/19 170.000	P	2019-01-01	2019-03-19
	329 CALL AIG 04/18/19 47.000	P	2019-01-28	2019-01-30
	120 CALL AIG 05/17/19 49.000	P	2019-03-16	2019-04-04
	209 CALL AIG 05/17/19 49.000	P	2019-03-17	2019-04-04
	329 CALL AIG 09/20/19 60.000	P	2019-06-05	2019-07-03
	5 CALL ANTM 05/17/19 320.000	P	2019-03-04	2019-04-04
	31 CALL ANTM 05/17/19 320.000	P	2019-03-04	2019-04-04
	64 CALL ANTM 05/17/19 320.000	P	2019-01-01	2019-04-04
	187 CALL BRKB 03/15/19 220.000	P	2019-01-01	2019-02-15
	264 CALL C 02/15/19 64.500	P	2019-01-01	2019-01-29
	772 CALL C 04/18/19 70.000	P	2019-01-01	2019-02-12
	161 CALL CBS 05/17/19 55.000	P	2019-01-01	2019-04-04
	247 CALL COP 04/18/19 75.000	P	2019-01-01	2019-02-12
	326 CALL COP 06/21/19 75.000	P	2019-01-01	2019-03-19
	326 CALL COP 07/19/19 70.000	P	2019-01-01	2019-05-21
	545 CALL CSCO 08/16/19 62.500	P	2019-01-01	2019-05-21
	312 CALL DWDP 04/18/19 65.000	P	2019-01-01	2019-01-30
	190 CALL EXC 10/18/19 50.000	P	2019-01-01	2019-09-05
	83 CALL GLW 09/20/19 37.000	P	2019-01-01	2019-07-03
	308 CALL IBM 04/18/19 150.000	P	2019-01-01	2019-02-15
	308 CALL IBM 10/18/19 145.000	P	2019-01-01	2019-08-29
	422 CALL INTC 06/21/19 62.500	P	2019-01-01	2019-04-04
	422 CALL INTC 08/16/19 52.500	P	2019-01-01	2019-07-03
	15 CALL JNJ 10/18/19 145.000	P	2019-01-01	2019-07-29
	282 CALL JNJ 10/18/19 145.000	P	2019-01-01	2019-07-29
	242 CALL LOW 01/18/19 97.500	P	2019-01-16	2019-01-31
	242 CALL LOW 04/18/19 105.000	P	2019-01-01	2019-01-30
	350 CALL OXY 02/15/19 72.500	P	2019-01-01	2019-01-09
	516 CALL OXY 05/17/19 72.500	P	2019-01-01	2019-02-15
	328 CALL OXY 10/18/19 42.500	P	2019-01-01	2019-10-08
	1064 CALL PFE 10/18/19 42.000	P	2019-01-01	2019-08-01
	204 CALL PM 03/15/19 80.000	P	2019-01-01	2019-01-25
	294 CALL PM 09/20/19 85.000	P	2019-01-01	2019-06-20
	120 CALL SPR 02/15/19 80.000	P	2019-01-01	2019-01-07
	6 CALL TMO 06/21/19 300.000	P	2019-01-01	2019-04-04
	26 CALL TMO 06/21/19 300.000	P	2019-01-01	2019-04-04
	52 CALL TMO 06/21/19 300.000	P	2019-01-01	2019-04-04
	77 CALL TMO 12/20/19 320.000	P	2019-01-01	2019-11-26
	1 CALL TMO 12/20/19 320.000	P	2019-01-01	2019-11-26
	475 CALL WFC 08/16/19 50.000	P	2019-01-01	2019-05-21
	5 CALL ZAYO 01/18/19 30.000	P	2019-01-03	2019-01-31
	20 CALL ZAYO 01/18/19 30.000	P	2019-01-14	2019-01-31
	2 CALL ZAYO 01/18/19 30.000	P	2019-01-15	2019-01-31
	1023 CALL ZAYO 01/18/19 30.000	P	2019-01-01	2019-01-18
	1050 CALL ZAYO 05/17/19 32.500	P	2019-01-01	2019-03-19
	5020 CISCO SYS INC	P	2018-08-10	2019-07-09
	15810 CISCO SYS INC	P	2018-08-10	2019-03-08
	64900 CORNING INC	P	2018-11-02	2019-02-15
	66 CORTEVA INC	P	2019-02-26	2019-06-25
	8266.667 CORTEVA INC	P	2018-09-11	2019-06-21
	2777.333 CORTEVA INC	P	2019-02-26	2019-06-21
	8266.667 DOW INC	P	2018-09-11	2019-04-08
	2843.333 DOW INC	P	2019-02-26	2019-04-08
	8266.667 DUPONT DE NEMOURS INC	P	2018-09-11	2019-06-13
	2843.333 DUPONT DE NEMOURS INC	P	2019-02-26	2019-06-13
	16050 EXELON CORP	P	2019-07-23	2019-12-17
	50 INTEL CORP	P	2019-03-08	2019-11-25
	300 INTEL CORP	P	2019-03-08	2019-11-15
	41900 INTEL CORP	P	2019-03-08	2019-11-05
	75 KNIGHT-SWIFT TRANSN HLDGS CL A	P	2018-08-10	2019-07-23
	6800 KNIGHT-SWIFT TRANSN HLDGS CL A	P	2018-08-10	2019-07-19
	55565 KNIGHT-SWIFT TRANSN HLDGS CL A	P	2018-07-24	2019-02-15
	29435 KNIGHT-SWIFT TRANSN HLDGS CL A	P	2018-08-10	2019-02-15
	8380 OCCIDENTAL PETROLEUM CORP DE	P	2019-01-10	2019-10-22
	858 PUT GLW 05/24/19 29.500	P	2019-01-01	2019-05-20
	1210 PUT KNX 04/18/19 30.000	P	2019-01-01	2019-03-27
	165 PUT LH 10/18/19 165.000	P	2019-01-01	2019-09-25
	700 PUT ZAYO 03/15/19 25.000	P	2019-01-01	2019-02-26
	65 ZAYO GROUP HOLDINGS INC.	P	2018-10-17	2019-06-25
	12810 ZAYO GROUP HOLDINGS INC.	P	2018-10-17	2019-06-21
	1599000 ALBEMARLE C/P 00000 19MY29	P	2019-05-02	2019-05-29
	1800000 ALBERMALE CO C/P 00000 19JL22	P	2019-06-19	2019-07-22
	1849000 AMEREN ILLI C/P 00000 19SP16	P	2019-08-19	2019-09-16
	811000 AMERICAN WTR C/P 00000 19AP08	P	2019-01-09	2019-04-08
	465000 ANHEUSER BUS C/P 00000 19MY15	P	2019-03-06	2019-05-15
	1999000 ANHEUSER-BU C/P 00000 19AU08	P	2019-07-09	2019-08-08
	478000 ANHEUSER-BUS C/P 00000 19JL09	P	2019-05-07	2019-07-09
	1799000 ANHEUSER-BUS C/P 00000 19SP26	P	2019-08-19	2019-08-26
	1500000 CATHOLIC HE C/P 00000 19JA02	P	2018-12-20	2019-01-02
	1786000 CATHOLIC HEA C/P 00000 19NV14	P	2019-10-29	2019-11-14
	1751000 CHURCH & DWI C/P 00000 19OC18	P	2019-09-19	2019-10-18
	1810000 CLOROX C/P 00000 19JL22	P	2019-06-17	2019-07-22
	1350000 DOMINION RE C/P 00000 19AU15	P	2019-07-18	2019-08-15
	1500000 DOW CHEM CO C/P 00000 19MH28	P	2019-02-28	2019-03-28
	346000 ENTERGY COR C/P 00000 19DE02	P	2019-09-11	2019-12-02
	425000 ENTERGY CORP C/P 00000 19AU28	P	2019-06-26	2019-08-28
	1500000 ENTERGY CORP C/P 00000 19JA28	P	2018-12-20	2019-01-28
	1796000 ENTERGY CORP C/P 00000 19MY07	P	2019-02-08	2019-05-07
	398000 FMC CORP C/P 00000 19AP03	P	2019-03-07	2019-04-03
	551000 FMC TECHNOL C/P 00000 19NV04	P	2019-10-10	2019-11-04
	1899000 FMC TECHNOLO C/P 00000 19SP12	P	2019-07-11	2019-09-12
	896000 GENL MILLS C/P 00000 19JN17	P	2019-05-13	2019-06-17
	1228000 MARRIOTT IN C/P 00000 19AU07	P	2019-07-15	2019-08-07
	1114000 MARRIOTT IN C/P 00000 19SP11	P	2019-08-07	2019-09-11
	900000 MARRIOTT INT C/P 00000 19AP24	P	2019-03-06	2019-04-24
	1899000 MARRIOTT INT C/P 00000 19NV18	P	2019-09-25	2019-11-18
	339000 PPL CAP FDG C/P 00000 19OC30	P	2019-10-10	2019-10-30
	605000 PPL CAPITAL C/P 00000 19MH26	P	2019-02-11	2019-03-26
	1953000 PPL CAPITAL C/P 00000 19NV12	P	2019-11-06	2019-11-12
	1864000 PPL CAPITAL C/P 00000 19OC04	P	2019-08-07	2019-10-04
	1495000 RYDER INC C/P 00000 19AP12	P	2019-03-25	2019-04-12
	1588000 SINOPEC CENT C/P 00000 19MH04	P	2019-01-02	2019-03-04
	2000000 TORCHMARK C/P 00000 19JL18	P	2019-05-02	2019-05-21
	1037000 TYCO INTL C/P 00000 19MY01	P	2019-04-09	2019-05-01
	1500000 TYCO INTL HL C/P 00000 19JA07	P	2018-12-20	2019-01-07
	1999000 VIACOM INC C/P 00000 19OC30	P	2019-10-03	2019-10-30
	1000000 VW CREDIT C/P 00000 19JN07	P	2019-04-25	2019-06-07
	850000 VW CREDIT IN C/P 00000 19AU09	P	2019-06-27	2019-08-09
	450000 VW CREDIT IN C/P 00000 19JA08	P	2018-12-20	2019-01-08
	8600 ALLERGAN PLC SHS	P	2014-03-24	2019-07-09
	3700 ALLERGAN PLC SHS	P	2015-02-04	2019-07-09
	20970 AMER INTL GP INC NEW	P	2017-09-20	2019-08-05
	11985 AMER INTL GP INC NEW	P	2018-06-07	2019-08-05
	12300 AT&T INC	P	2018-08-10	2019-10-18
	900 AT&T INC	P	2018-08-10	2019-10-08
	3560 CHEVRON CORP	P	2014-04-28	2019-01-11
	30980 CISCO SYS INC	P	2017-06-08	2019-07-09
	18500 CISCO SYS INC	P	2018-02-08	2019-07-09
	17000 CISCO SYS INC	P	2017-06-08	2019-01-18
	4980 CITIGROUP INC NEW	P	2016-12-16	2019-10-04
	592.666 CORTEVA INC	P	2017-10-05	2019-06-21
	128.334 CORTEVA INC	P	2017-10-05	2019-06-21
	1435 CORTEVA INC	P	2017-12-18	2019-06-21
	0.667 CORTEVA INC	P	2017-10-05	2019-06-03
	592.666 DOW INC	P	2017-10-05	2019-04-08
	128.334 DOW INC	P	2017-10-05	2019-04-08
	1435 DOW INC	P	2017-12-18	2019-04-08
	0.667 DOW INC	P	2017-10-05	2019-04-02
	5800 DOWDUPONT INC	P	2017-10-05	2019-01-18
	592.666 DUPONT DE NEMOURS INC	P	2017-10-05	2019-06-13
	128.334 DUPONT DE NEMOURS INC	P	2017-10-05	2019-06-13
	1435 DUPONT DE NEMOURS INC	P	2017-12-18	2019-06-13
	0.667 DUPONT DE NEMOURS INC	P	2017-10-05	2019-06-03
	3150 EXELON CORP	P	2016-12-16	2019-08-23
	12800 HONEYWELL INTERNATIONAL INC	P	2013-11-13	2019-01-25
	6310 OCCIDENTAL PETROLEUM CORP DE	P	2015-04-14	2019-10-22
	8030 OCCIDENTAL PETROLEUM CORP DE	P	2017-01-25	2019-10-22
	10080 OCCIDENTAL PETROLEUM CORP DE	P	2018-10-16	2019-10-22
	4655 OCCIDENTAL PETROLEUM CORP DE	P	2015-04-14	2019-10-09
	4435 OCCIDENTAL PETROLEUM CORP DE	P	2016-11-04	2019-10-04
	4435 OCCIDENTAL PETROLEUM CORP DE	P	2015-04-14	2019-09-25
	12300 OCCIDENTAL PETROLEUM CORP DE	P	2014-12-10	2019-07-19
	7600 OCCIDENTAL PETROLEUM CORP DE	P	2015-04-14	2019-07-19
	12000 SPIRIT AEROSYSTEMS HLD CLA A	P	2017-03-30	2019-03-27
	13000 SPIRIT AEROSYSTEMS HLD CLA A	P	2017-03-30	2019-02-15
	600 THERMO FISHER SCIENTIFIC	P	2013-10-11	2019-12-20
	4080 WALMART INC	P	2017-10-25	2019-10-04
	100 WELLS FARGO & CO NEW	P	2017-06-09	2019-11-15
	7355 WELLS FARGO & CO NEW	P	2016-11-04	2019-11-06
	8500 WELLS FARGO & CO NEW	P	2016-11-18	2019-11-06
	9425 WELLS FARGO & CO NEW	P	2016-11-18	2019-11-06
	750 WELLS FARGO & CO NEW	P	2017-06-09	2019-11-06
	45845 ZAYO GROUP HOLDINGS INC.	P	2018-04-18	2019-06-21
	46345 ZAYO GROUP HOLDINGS INC.	P	2018-06-15	2019-06-21
	21370 WELLS FARGO & CO NEW	P	2012-04-19	2019-11-06
	21090 WELLS FARGO & CO NEW	P	2011-08-09	2019-05-17
	6440 WELLS FARGO & CO NEW	P	2012-04-19	2019-05-17
	2036 ALCON INC	P	2017-11-17	2019-04-10
	4500 ANHEUSER BUSCH INBEV SA SPON	P	2014-12-05	2019-08-26
	500 ANHEUSER BUSCH INBEV SA SPON	P	2014-12-05	2019-07-19
	500 ANHEUSER BUSCH INBEV SA SPON	P	2014-12-05	2019-06-27
	12800 BRITISH AMER TOB SPON ADR	P	2017-08-10	2019-01-30
	55 CALL BABA 01/18/19 175.000	P	2019-01-18	2019-01-31
	78 CALL DIS 10/18/19 139.000	P	2019-01-01	2019-09-25
	127 CALL KWEB 08/16/19 40.740	P	2019-01-01	2019-08-08
	80 DIAGEO PLC SPON ADR NEW	P	2017-02-06	2019-03-25
	4900 DIAGEO PLC SPON ADR NEW	P	2017-02-06	2019-03-15
	5755 FOMENTO ECONOMICO MEXICANO	P	2017-10-05	2019-11-20
	730 FOMENTO ECONOMICO MEXICANO	P	2018-06-07	2019-11-20
	9080 ISHARES MSCI SPAIN ETF	P	2018-04-19	2019-02-12
	5900 ISHARES MSCI SPAIN ETF	P	2018-04-20	2019-01-11
	45 KRANESHARES CSI CHINA INTERNET	P	2018-09-24	2019-08-20
	12700 KRANESHARES CSI CHINA INTERNET	P	2018-09-24	2019-08-16
	50 NATIONAL GRID PLC SPON ADR	P	2017-08-24	2019-01-29
	8500 NATIONAL GRID PLC SPON ADR	P	2017-08-24	2019-01-18
	8800 NATIONAL OILWELL VARCO INC	P	2018-05-23	2019-03-28
	80 NATIONAL OILWELL VARCO INC	P	2017-02-23	2019-03-28
	12600 NATIONAL OILWELL VARCO INC	P	2015-02-09	2019-03-28
	10180 NOVARTIS AG ADR	P	2017-11-17	2019-05-01
	165 PUT LH 09/20/19 165.000	P	2019-01-01	2019-08-26
	8800 RAYTHEON CO (NEW)	P	2014-12-24	2019-08-20
	5500 SCHNEIDER NATIONAL INC CL B	P	2017-10-25	2019-10-18
	2470 SCHNEIDER NATIONAL INC CL B	P	2017-10-25	2019-10-18
	12030 SCHNEIDER NATIONAL INC CL B	P	2018-06-29	2019-10-18
	13300 SCHNEIDER NATIONAL INC CL B	P	2017-10-25	2019-10-02
	9000 TELUS CORP NEW	P	2018-06-29	2019-06-12
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	100,206	93,594	6,612
b	269,138	256,380	12,758
c	458,421	520,526	-62,105
d	346,498	380,509	-34,011
e	23,865	645	23,220
	33,540	645	32,895
	22,372	1,645	20,727
	2,160	38,400	-36,240
	3,762	71,060	-67,298
	14,805	9,541	5,264
	575	25	550
	3,565	155	3,410
	7,360	320	7,040
	8,041	935	7,106
	17,160	1,320	15,840
	36,291	3,860	32,431
	2,929		2,929
	11,115	1,235	9,880
	24,450	1,630	22,820
	14,350		14,350
	23,980	9,265	14,715
	26,520	1,560	24,960
	6,650		6,650
	2,822	332	2,490
	28,336		28,336
	42,503	1,540	40,963
	16,036		16,036
	14,348		14,348
	1,095	75	1,020
	20,586	1,410	19,176
	24,200	1,210	22,990
	37,510	228,409	-190,899
	19,250	1,750	17,500
	46,439	2,580	43,859
	21,149		21,149
	24,195		24,195
	10,608	226,440	-215,832
	28,329	1,470	26,859
	10,800	178,800	-168,000
	1,050	30	1,020
	4,550	130	4,420
	9,100		9,100
	20,405	22,330	-1,925
	265		265
	23,750	2,375	21,375
	300	25	275
	1,200	100	1,100
	120	10	110
	61,379		61,379
	57,749	73,500	-15,751
	283,010	219,691	63,319
	804,663	691,895	112,768
	2,161,791	2,136,644	25,147
	1,828	1,912	-84
	216,188	299,936	-83,748
	72,632	80,448	-7,816
	473,607	585,717	-112,110
	162,898	160,832	2,066
	615,044	859,548	-244,504
	211,545	236,024	-24,479
	721,148	745,298	-24,150
	2,934	2,620	314
	15,273	15,722	-449
	2,133,097	2,195,895	-62,798
	2,828	2,495	333
	243,435	226,184	17,251
	1,728,049	1,961,678	-233,629
	915,417	979,076	-63,659
	347,866	551,070	-203,204
	23,286		23,286
	72,599		72,599
	34,649		34,649
	62,999		62,999
	2,148	2,097	51
	424,643	413,225	11,418
	1,599,000	1,595,762	3,238
	1,800,000	1,795,743	4,257
	1,849,000	1,845,721	3,279
	811,000	805,512	5,488
	465,000	462,549	2,451
	1,999,000	1,994,919	4,081
	478,000	475,758	2,242
	1,795,597	1,794,803	794
	1,500,000	1,498,429	1,571
	1,786,000	1,784,474	1,526
	1,751,000	1,748,004	2,996
	1,810,000	1,805,692	4,308
	1,350,000	1,347,407	2,593
	1,500,000	1,496,827	3,173
	346,000	344,233	1,767
	425,000	423,097	1,903
	1,500,000	1,495,125	4,875
	1,796,000	1,783,914	12,086
	398,000	397,138	862
	551,000	550,158	842
	1,899,000	1,890,792	8,208
	896,000	893,766	2,234
	1,228,000	1,226,039	1,961
	1,114,000	1,111,651	2,349
	900,000	896,700	3,300
	1,899,000	1,892,961	6,039
	339,000	338,631	369
	605,000	603,024	1,976
	1,953,000	1,952,408	592
	1,864,000	1,857,063	6,937
	1,495,000	1,493,019	1,981
	1,588,000	1,580,921	7,079
	1,991,300	1,988,878	2,422
	1,037,000	1,035,194	1,806
	1,500,000	1,497,675	2,325
	1,999,000	1,995,607	3,393
	1,000,000	996,862	3,138
	850,000	847,401	2,599
	450,000	449,288	712
	1,436,282	1,766,823	-330,541
	617,935	983,899	-365,964
	1,115,162	1,260,683	-145,521
	637,349	644,547	-7,198
	459,764	396,414	63,350
	33,641	29,006	4,635
	400,103	446,196	-46,093
	1,746,542	979,752	766,790
	1,042,964	727,842	315,122
	747,310	537,630	209,680
	336,244	298,633	37,611
	15,499	21,506	-6,007
	3,356	4,657	-1,301
	37,528	52,899	-15,371
	18	24	-6
	33,955	41,996	-8,041
	7,352	9,094	-1,742
	82,213	103,302	-21,089
	39	47	-8
	328,566	408,191	-79,625
	44,095	61,630	-17,535
	9,548	13,345	-3,797
	106,765	151,598	-44,833
	48	69	-21
	143,007	114,088	28,919
	1,801,065	1,067,883	733,182
	261,937	499,701	-237,764
	333,337	550,905	-217,568
	418,435	732,531	-314,096
	190,851	368,639	-177,788
	189,770	297,148	-107,378
	201,345	351,216	-149,871
	638,357	919,546	-281,189
	394,432	601,859	-207,427
	1,080,946	705,382	375,564
	1,051,686	764,163	287,523
	193,586	55,682	137,904
	479,798	360,425	119,373
	5,047	5,332	-285
	371,199	331,146	40,053
	428,986	447,899	-18,913
	475,670	496,641	-20,971
	37,852	39,990	-2,138
	1,519,730	1,704,196	-184,466
	1,536,305	1,694,243	-157,938
	1,078,522	707,535	370,987
	971,858	498,785	473,073
	296,765	213,221	83,544
	116,632	104,415	12,217
	426,577	521,253	-94,676
	45,939	57,917	-11,978
	43,499	57,917	-14,418
	442,225	813,404	-371,179
	15,070		15,070
	4,446		4,446
	3,937	1,270	2,667
	13,072	8,959	4,113
	768,065	548,751	219,314
	532,958	559,272	-26,314
	67,604	59,914	7,690
	254,237	306,573	-52,336
	165,817	198,446	-32,629
	1,892	2,184	-292
	518,657	616,308	-97,651
	2,668	3,169	-501
	432,644	538,756	-106,112
	231,911	378,133	-146,222
	2,108	3,169	-1,061
	332,055	674,981	-342,926
	834,754	750,279	84,475
	62,699		62,699
	1,631,067	974,524	656,543
	120,997	145,156	-24,159
	55,944	65,188	-9,244
	272,474	335,718	-63,244
	285,544	351,014	-65,470
	339,293	318,803	20,490
			1,168

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			6,612
b			12,758
c			-62,105
d			-34,011
e			23,220
			32,895
			20,727
			-36,240
			-67,298
			5,264
			550
			3,410
			7,040
			7,106
			15,840
			32,431
			2,929
			9,880
			22,820
			14,350
			14,715
			24,960
			6,650
			2,490
			28,336
			40,963
			16,036
			14,348
			1,020
			19,176
			22,990
			-190,899
			17,500
			43,859
			21,149
			24,195
			-215,832
			26,859
			-168,000
			1,020
			4,420
			9,100
			-1,925
			265
			21,375
			275
			1,100
			110
			61,379
			-15,751
			63,319
			112,768
			25,147
			-84
			-83,748
			-7,816
			-112,110
			2,066
			-244,504
			-24,479
			-24,150
			314
			-449
			-62,798
			333
			17,251
			-233,629
			-63,659
			-203,204
			23,286
			72,599
			34,649
			62,999
			51
			11,418
			3,238
			4,257
			3,279
			5,488
			2,451
			4,081
			2,242
			794
			1,571
			1,526
			2,996
			4,308
			2,593
			3,173
			1,767
			1,903
			4,875
			12,086
			862
			842
			8,208
			2,234
			1,961
			2,349
			3,300
			6,039
			369
			1,976
			592
			6,937
			1,981
			7,079
			2,422
			1,806
			2,325
			3,393
			3,138
			2,599
			712
			-330,541
			-365,964
			-145,521
			-7,198
			63,350
			4,635
			-46,093
			766,790
			315,122
			209,680
			37,611
			-6,007
			-1,301
			-15,371
			-6
			-8,041
			-1,742
			-21,089
			-8
			-79,625
			-17,535
			-3,797
			-44,833
			-21
			28,919
			733,182
			-237,764
			-217,568
			-314,096
			-177,788
			-107,378
			-149,871
			-281,189
			-207,427
			375,564
			287,523
			137,904
			119,373
			-285
			40,053
			-18,913
			-20,971
			-2,138
			-184,466
			-157,938
			370,987
			473,073
			83,544
			12,217
			-94,676
			-11,978
			-14,418
			-371,179
			15,070
			4,446
			2,667
			4,113
			219,314
			-26,314
			7,690
			-52,336
			-32,629
			-292
			-97,651
			-501
			-106,112
			-146,222
			-1,061
			-342,926
			84,475
			62,699
			656,543
			-24,159
			-9,244
			-63,244
			-65,470
			20,490

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	-323,836
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	6,289,396	136,722,224	0.046001
2017	1,941,903	135,025,141	0.014382
2016	12,813,126	119,616,830	0.107118
2015	39,965,054	154,246,381	0.259099
2014	5,090,091	156,742,727	0.032474

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

0.459074

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......

0.091815

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

127,014,155

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

11,661,805

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

15,043

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

11,676,848

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

7,182,099

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)

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	30,086
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	30,086
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	30,086
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	74,362
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	50,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	124,362
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	94,276
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax94,276	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

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

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

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address bullet

www.malonefamilyfoundation.org

The books are in care of bullet

MARRS SEVIER & COMPANY LLC Telephone no. bullet

(303) 922-6654

Located at bullet

230 S HOLLAND STREETLakewoodCO ZIP+4 bullet

80226

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2019?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 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.)..................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?

Form 990-PF (2019)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOHN C MALONE	PRESIDENT, TREASURER 0.8	0	0	0
440 SOUTH BEACH RD HOBE SOUND,FL33455	PRESIDENT, TREASURER 0.8	0	0	0
LESLIE A MALONE	SECRETARY 0.1	0	0	0
440 SOUTH BEACH RD HOBE SOUND,FL33455	SECRETARY 0.1	0	0	0
EVAN MALONE	DIRECTOR 0.1	0	0	0
440 SOUTH BEACH RD HOBE SOUND,FL33455	DIRECTOR 0.1	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
CATHIE WLASCHIN	EXECUTIVE DIRECTOR 32.0	105,960	19,514
440SOUTH BEACH RD HOBE SOUND,FL33455	EXECUTIVE DIRECTOR 32.0	105,960	19,514








Total number of other employees paid over $50,000...................

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

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2019)

Page 8

Part X

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

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

purposes:

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

124,563,889

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

4,384,492

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

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

128,948,381

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

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

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

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

128,948,381

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

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

1,934,226

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

127,014,155

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

6,350,708

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

6,350,708

Tax on investment income for 2019 from Part VI, line 5......

30,086

Income tax for 2019. (This does not include the tax from Part VI.)...

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

30,086

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

6,320,622

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

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

6,320,622

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

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

6,320,622

Part XII

Qualifying Distributions (see instructions)

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

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

7,182,099

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

7,182,099

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

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

7,182,099

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)

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					6,320,622
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:2017, 2016, 2015			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......
b From 2015......	32,548,653
c From 2016......	6,848,515
d From 2017......
e From 2018......
fTotal of lines 3a through e........		39,397,168
4Qualifying distributions for 2019 from Part
XII, line 4: $ 7,182,099
a Applied to 2018, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2019 distributable amount.....					6,320,622
e Remaining amount distributed out of corpus		861,477
5 Excess distributions carryover applied to 2019.
(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		40,258,645
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......
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 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2014 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		40,258,645
10 Analysis of line 9:
a Excess from 2015....	32,548,653
b Excess from 2016....	6,848,515
c Excess from 2017....
d Excess from 2018....
e Excess from 2019....	861,477

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....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

JOHN C MALONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
COLORADO SYMPHONY ASSOCIATION 1001 14TH STREET UNIT 15 DENVER,CO80202	NONE	PC	GENERAL GRANT	50,000
DSST PUBLIC SCHOOLS FOUNDATION 3401 QUEBEC STREET STE 7200 DENVER,CO80207	NONE	PC	GENERAL GRANT	50,000
COLORADO STATE UNIVERSITY FOUNDATION 410 UNIVERSITY SERVICES CTR 601 S HOWES STREET FORT COLLINS,CO805239100	NONE	PC	GENERAL GRANT	1,612,000
COLORADO STATE UNIVERSITY FOUNDATION 410 UNIERSITY SERVICES CTR 601 S HOWES STREET FORT COLLINS,CO805239100	NONE	PC	GENERAL GRANT	12,000
DSST PUBLIC SCHOOLS FOUNDATION 3401 QUEBEC ST STE 2000 DENVER,CO80207	NONE	PC	GENERAL GRANT	5,059,485
COLORADO STATE UNIVERSITY FOUNDATION 410 UNIVERSITY SERVICES CTR 601 S HOWES STREET FORT COLLINS,CO805239100	NONE	PC	GENERAL GRANT	393,916
Total ................................. 3a				7,177,401

bApproved for future payment

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

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.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	2,946,453
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	-5,154,828
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)..				-2,208,375

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

-2,208,375

(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)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.) Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2019)

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