Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 11-01-2018 , and ending 10-31-2019
Name of foundation
THE LOUIS CALDER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)999 18TH STREET NO 2350S
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO80202
A Employer identification number

13-6015562
B Telephone number (see instructions)

(720) 943-9865
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$183,822,034J Accounting method:
Modified Cash
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 18,135 18,135  
4 Dividends and interest from securities... 3,307,004 3,396,364  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,234,450
b Gross sales price for all assets on line 6a 33,330,811
7 Capital gain net income (from Part IV, line 2)... 9,143,291
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 137,036 153,929  
12 Total. Add lines 1 through 11........ 14,696,625 12,711,719  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 487,329 182,295   305,034
14 Other employee salaries and wages...... 375,288 0   375,288
15 Pension plans, employee benefits....... 99,475 3,168   96,307
16a Legal fees (attach schedule)......... Click to see attachment 106,503 0   106,503
b Accounting fees (attach schedule)....... Click to see attachment 50,220 4,478   45,742
c Other professional fees (attach schedule).... Click to see attachment 1,366,801 853,129   0
17 Interest...............   55    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 371,410 115,609   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 69,817 6,225   63,592
21 Travel, conferences, and meetings....... 36,213 8,069   28,144
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 193,392 635,593   106,397
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,156,448 1,808,621   1,127,007
25 Contributions, gifts, grants paid....... 6,591,150 6,591,150
26 Total expenses and disbursements. Add lines 24 and 25 9,747,598 1,808,621   7,718,157
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,949,027
b Net investment income (if negative, enter -0-) 10,903,098
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,226,924 6,315,150 6,315,150
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 41,873,631 Click to see attachment43,854,521 43,854,521
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 125,638,509 Click to see attachment133,652,363 133,652,363
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 170,739,064 183,822,034 183,822,034
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 170,739,064 183,822,034
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 170,739,064 183,822,034
31 Total liabilities and net assets/fund balances (see instructions). 170,739,064 183,822,034
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
170,739,064
2
Enter amount from Part I, line 27a .....................
2
4,949,027
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,133,943
4
Add lines 1, 2, and 3 ..........................
4
183,822,034
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
183,822,034
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a SALES OF PUBLICLY TRADED SECURITIES P    
b BBH WEALTH STRATEGIES, LLC - REMS GROUP SERIES P    
c BBH CAPITA PARTNERS QP IV CAYMAN P    
d AVENUE INTERNATIONAL, LTD. P    
e BBH WEALTH STRATEGIES HITCHWOOD CAPITAL PARTNERS SERIES CLASS B P    
GOLDENTREE OFFSHORE LTD P    
BLACKSTONE COMMERCIAL REAL ESTATE DEBT FUND LP P    
BBH REAL ESTATE INCOME FUND II, LP P    
ALTAROCK PARTNERS SERIES P    
ALTAROCK PARTNERS SERIES P    
BBH WEALTH STRATEGIES, LLC - REMS GROUP SERIES P    
BBH WEALTH STRATEGIES, LLC - REMS GROUP SERIES P    
BBH WEALTH STRATEGIES - BARES MID-LARGE CAP SERIES P    
BBH WEALTH STRATEGIES - BARES MID-LARGE CAP SERIES P    
BBH WEALTH STRATEGIES LLC - BURGUNDY EMERGING MARKET SERIES P    
BBH WEALTH STRATEGIES LLC - BURGUNDY EMERGING MARKET SERIES P    
BBH WEALTH STRATEGIES LLC - CLARKSTON CAPITAL PARTNERS SMALL-MID CAP P    
BBH WEALTH STRATEGIES, LLC - SELECT EQUITY SERIES P    
BBH WEALTH STRATEGIES, LLC - SELECT EQUITY SERIES P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,548,871   22,402,601 4,146,270
b 601,971   600,720 1,251
c 892,201   689,393 202,808
d 8,161   6,812 1,349
e 5,167,186   5,000,000 167,186
36,758   45,861 -9,103
75,663   125,987 -50,324
      601,535
      -43,036
      248,152
      -44,826
      -45,135
      23,831
      1,133,899
      5,218
      60,986
      255,668
      -190,556
      1,699,689
      978,429
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       4,146,270
b       1,251
c       202,808
d       1,349
e       167,186
      -9,103
      -50,324
      601,535
      -43,036
      248,152
      -44,826
      -45,135
      23,831
      1,133,899
      5,218
      60,986
      255,668
      -190,556
      1,699,689
      978,429
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 9,143,291
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 8,694,198 175,818,968 0.049450
2016 8,432,681 168,401,060 0.050075
2015 7,072,081 159,119,074 0.044445
2014 8,546,415 164,728,377 0.051882
2013 8,538,179 169,417,191 0.050397
2
Total of line 1, column (d) .....................
2
0.246249
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
0.049250
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
177,695,784
5
Multiply line 4 by line 3......................
5
8,751,517
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
109,031
7
Add lines 5 and 6........................
7
8,860,548
8
Enter qualifying distributions from Part XII, line 4,.............
8
7,718,157
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 218,062
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 218,062
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- ..... 5 218,062
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 327,639
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 327,639
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 109,577
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet109,577 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://WWW.LOUISCALDERFDN.ORG/
    14
    The books are in care ofbulletCLAIRE COHEN Telephone no.bullet (720) 943-9865

    Located atbullet999 18TH STREET STE 2350SDENVERCO ZIP+4bullet80202
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PETER D CALDER EXECUTIVE DIRECTOR/TRUSTEE
    40.00     		280,324 0 0
    C/O THE LOUIS CALDER FOUNDATION 999
    18TH STREET SUITE 2350 S
    DENVER,CO80202
    FRANK E SHANLEY TRUSTEE
    20.00     		120,324 0 0
    C/O THE LOUIS CALDER FOUNDATION 999
    18TH STREET SUITE 2350 S
    DENVER,CO80202
    M ALEXANDER CALDER TRUSTEE
    15.00     		86,681 0 0
    C/O THE LOUIS CALDER FOUNDATION 999
    18TH STREET SUITE 2350 S
    DENVER,CO80202
    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
    HOLLY NUECHTERLEIN PROGRAM DIRECTOR
    40.00     		141,938 14,419 0
    999 18TH STREET SUITE 2350S
    DENVER,CO80202
    BARBARA ATKESON PROGRAM OFFICER
    40.00     		80,222 23,700 0
    999 18TH STREET SUITE 2350S
    DENVER,CO80202
    CLAIRE COHEN OFFICE ADMINISTRATOR
    40.00     		83,992 15,335 0
    999 18TH STREET SUITE 2350S
    DENVER,CO80202
    KRISTIN M PAZULSKI GRANTS ADMINISTRATOR
    40.00     		69,137 5,574 0
    999 18TH STREET SUITE 2350S
    DENVER,CO80202
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    BROWN BROTHERS HARRIMAN & CO INVESTMENT ADVISORY FEES 1,110,846
    59 WALL STREET
    NEW YORK,NY10065
    JP MORGAN CHASE INVESTMENT ADVISORY FEES 235,955
    270 PARK AVENUE 28TH FLOOR
    NEW YORK,NY10017
    DENTONS US LLP LEGAL SERVICES 75,000
    1221 AVENUE OF THE AMERICAS
    NEW YORK,NY10020
    PKF O'CONNOR DAVIES LLP AUDIT AND TAX SERVICES 50,220
    500 MAMARONECK AVENUE
    HARRISON,NY10528
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    175,415,632
    b
    Average of monthly cash balances.......................
    1b
    4,649,420
    c
    Fair market value of all other assets (see instructions)................
    1c
    336,759
    d
    Total (add lines 1a, b, and c).........................
    1d
    180,401,811
    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
    180,401,811
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,706,027
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    177,695,784
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,884,789
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,884,789
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    218,062
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    218,062
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,666,727
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    8,666,727
    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
    8,666,727
    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
    7,718,157
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,718,157
    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
    7,718,157
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 8,666,727
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 559,047
    c From 2015......  
    d From 2016...... 336,788
    e From 2017...... 97,396
    fTotal of lines 3a through e........ 993,231
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 7,718,157
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 7,718,157
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 948,570 948,570
    (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 44,661
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		44,661
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 44,661
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    M ALEXANDER CALDER
    C/O THE LOUIS CALDER FOUNDATION 999
    18TH STREET
    DENVER,CO80202
    (720) 943-9865
    ALEXANDER.CALDER@CALDERFDN.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    HTTPS://WWW.LOUISCALDERFOUNDATION.ORG
    cAny submission deadlines:
    HTTPS://WWW.LOUISCALDERFOUNDATION.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    HTTPS://WWW.LOUISCALDERFOUNDATION.ORG
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACHIEVEMENT FIRST INC
    370 JAMES STREET SUITE 404
    NEW HAVEN,CT06513     		N/A PC GRADE-LEVEL GROWTH AT ACHIEVEMENT FIRST PROVIDENCE MAYORAL ACADEMY MIDDLE SCHOOL 150,000
    ACHIEVEMENT FIRST INC
    370 JAMES STREET SUITE 404
    NEW HAVEN,CT06513     		N/A PC NAVIGATOR MATH PROGRAM 125,000
    ALMA DEL MAR FOUNDATION INC
    515 BELLEVILLE AVENUE
    NEW BEDFORD,MA027462462     		N/A PC CURRICULUM DEVELOPMENT 100,000
    BUFFALO COLLEGIATE CHARTER SCHOOL
    45 JEWETT AVENUE
    BUFFALO,NY14214     		N/A PC GRADE-LEVEL GROWTH AT SCHOOL WITH 4TH THROUGH 6TH GRADES 150,000
    CANDID - FOUNDATION CENTER
    32 OLD SLIP 24TH FLOOR
    NEW YORK,NY10005     		N/A PC PROGRAM SUPPORT IN 2019 10,000
    CHARTER SCHOOL GROWTH FUND
    10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		N/A POF FUND III 400,000
    CHARTER SCHOOL GROWTH FUND
    10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		N/A POF THE MEMPHIS EDUCATION INITIATIVE 250,000
    CLARKSDALE COLLEGIATE PUBLIC CHARTER SCHOOL
    1012 W 2ND STREET
    CLARKSDALE,MS386143801     		N/A PC INSTRUCTIONAL DEVELOPMENT AT K-8 SCHOOL AND LAUNCH OF STEM PROGRAM 150,000
    CLASSICAL CHARTER SCHOOLS
    977 FOX STREET
    BRONX,NY104593320     		N/A PC SUMMER LEARNING ACADEMY 50,000
    CRISTO REY RICHMOND HIGH SCHOOL INC
    304 N SHEPPARD ST
    RICHMOND,VA232212407     		N/A PC OPENING OF NEW HIGH SCHOOL 100,000
    DENVER SCHOOL OF SCIENCE AND TECHNOLOGY
    3401 QUEBEC STREET SUITE 2000
    DENVER,CO80207     		N/A PC OPENING OF AURORA SCIENCE AND TECH MIDDLE SCHOOL 100,000
    ELAN ACADEMY CHARTER SCHOOL
    709 PARK BLVD
    NEW ORLEANS,LA701145948     		N/A PC GRADE-LEVEL GROWTH AT PK-8 SCHOOL 100,000
    EQUITAS ACADEMY CHARTER SCHOOL INC
    1612 W PICO BLVD
    LOS ANGELES,CA900152412     		N/A PC OPENING OF EQUITAS 5 ELEMENTARY SCHOOL 100,000
    ETHOS CLASSICAL
    2295 SPRINGDALE CIRCLE SW
    ATLANTA,GA30315     		N/A PC OPENING OF NEW ELEMENTARY SCHOOL IN ATLANTA 150,000
    EXPONENT PHILANTHROPY
    PO BOX 65607
    WASHINGTON,DC20035     		N/A PC PROGRAM SUPPORT AND MEMBERSHIP IN 2019 1,500
    FRIENDS OF SPRINGFIELD PREPARATORY CHARTER SCHOOL
    594 CONVERSE ST
    LONGMEADOW,MA011061763     		N/A PC STRENGTHENING OF LITERACY INSTRUCTION 60,000
    FUTURE PUBLIC SCHOOL
    511 E 43RD ST
    GARDEN CITY,ID83714     		N/A PC OPENING OF NEW K-8 SCHOOL 100,000
    GEM PREP POCATELLO
    4145 YELLOWSTONE AVENUE
    CHUBBUCK,ID83202     		N/A PC GRADE-LEVEL GROWTH AT K-12 SCHOOL 100,000
    GREAT HEARTS ACADEMIES (ARIZONA)
    4801 E WASHINGTON STREET SUITE 250
    PHOENIX,AZ85034     		N/A PC GRADE-LEVEL GROWTH AT K-12 SCHOOL IN MARYVALE, PHOENIX, AZ 100,000
    GRIMMWAY SCHOOLS
    5080 CALIFORNIA AVENUE SUITE 100
    BAKERSFIELD,CA93309     		N/A PC GRADE-LEVEL GROWTH AT GRIMMWAY ACADEMY SHAFTER 50,000
    HOZHO ACADEMY CHARTER SCHOOL
    104 E AZTEC AVE
    GALLUP,NM873016256     		N/A PC GRADE-LEVEL EXPANSION AT K-8 SCHOOL 150,000
    I3 ACADEMY
    1 55TH PLACE S
    BIRMINGHAM,AL35212     		N/A PC START-UP OF ELEMENTARY SCHOOL 100,000
    IDEA PUBLIC SCHOOLS
    2115 WEST PIKE BOULEVARD
    WESLACO,TX785960054     		N/A PC GRADE-LEVEL GROWTH AT IDEA BRIDGE AND IDEA INNOVATION SCHOOLS IN BATON ROUGE, LA 200,000
    IMPACT PUBLIC SCHOOLS
    3438 S 148TH ST
    TUKWILA,WA981684319     		N/A PC GRADE-LEVEL GROWTH OF PUGET SOUND ELEMENTARY 100,000
    INSTRUCTION PARTNERS
    604 GALLATIN AVE SUITE 202
    NASHVILLE,TN372063476     		N/A PC NEW CHARTER SCHOOL PARTNERSHIPS IN NEW ORLEANS AND BATON ROUGE 125,000
    INSTRUCTION PARTNERS
    605 GALLATIN AVE SUITE 202
    NASHVILLE,TN372063476     		N/A PC NEW CHARTER SCHOOL PARTNERSHIPS IN NEW ORLEANS AND BATON ROUGE 100,000
    JOHNS HOPKINS INSTITUTE FOR EDUCATION POLICY
    SCHOOL OF EDUCATION
    BALTIMORE,MD21218     		N/A PC CREATION OF SOCIAL STUDIES KNOWLEDGE MAPS 100,000
    KIPP COLORADO SCHOOLS
    1390 LAWRENCE STREET SUITE 200
    DENVER,CO80204     		N/A PC GRADE-LEVEL GROWTH AT KIPP SUNSHINE PEAK ELEMENTARY SCHOOL 100,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC OPENING OF NEW ELEMENTARY SCHOOLS FOR SELECT KIPP REGIONS 225,000
    KIPP FOUNDATION
    135 MAIN STREET SUITE 1700
    SAN FRANCISCO,CA94105     		N/A PC OPENING OF NEW ELEMENTARY SCHOOLS FOR SELECT KIPP REGIONS 225,000
    KIPP JACKSONVILLE SCHOOLS
    1440 MCDUFF AVENUE N
    JACKSONVILLE,FL322542035     		N/A PC GRADE-LEVEL GROWTH AT KIPP JACKSONVILLE ELEMENTARY 100,000
    KIPP MIAMI
    1951 NW 7TH AVENUE 600
    MIAMI,FL33136     		N/A PC GRADE-LEVEL GROWTH AT KIPP MIAMI SUNRISE ACADEMY 100,000
    KIPP NEW YORK INC
    1501 BROADWAY SUITE 1000
    NEW YORK,NY10036     		N/A PC OPENING OF NEW KIPP FREEDOM ELEMENTARY SCHOOL 100,000
    LEEP DUAL LANGUAGE ACADEMY CHARTER SCHOOL
    50 PLAZA ST E APT 12D
    BROOKLYN,NY112385078     		N/A PC OPENING OF NEW ELEMENTARY SCHOOL IN BROOKLYN 100,000
    MASTERY CHARTER SCHOOLS FOUNDATION
    5700 WAYNE AVENUE
    PHILADELPHIA,PA19144     		N/A PC GRADE-LEVEL GROWTH AT MASTERY PREP ELEMENTARY 100,000
    NASHVILLE CLASSICAL CHARTER SCHOOL
    2000 GREENWOOD AVENUE
    NASHVILLE,TN37206     		N/A PC GRADE-LEVEL GROWTH AND LEADERSHIP DEVELOPMENT AT MIDDLE SCHOOL 150,000
    NATIVITY SCHOOL OF WORCESTER
    67 LINCOLN STREET
    WORCESTER,MA016052634     		N/A PC LIBRARY RENOVATION 60,000
    NAVIGATOR SCHOOLS
    650 SAN BENITO STREET SUITE 230
    HOLLISTER,CA95023     		N/A PC OPENING OF WATSONVILLE PREP K-8 SCHOOL 100,000
    NEW SCHOOLS FOR BATON ROUGE
    100 LAFAYETTE STREET FLOOR 2
    BATON ROUGE,LA708011201     		N/A PC EXPANSION OF KIPP INTO BATON ROUGE 150,000
    NORWALK GRASSROOTS TENNIS & EDUCATION
    11 INGALLS AVENUE
    NORWALK,CT068544605     		N/A PC EXPANSION OF EDUCATIONAL PROGRAM 50,000
    NOTRE DAME SCHOOL OF MILWAUKEE
    2604 W ORCHARD STREET
    MILWAUKEE,WI53204     		N/A PC SCIENCE LAB CLASSROOM 100,000
    OXFORD TEACHERS ACADEMY
    1001 BEECH STREET EAST
    PALO ALTO,CA94303     		N/A PC LAUNCH OF OXFORD TEACHERS ACADEMY 200,000
    PEAK GRANTMAKING
    1666 K STREET NW SUITE 440
    WASHINGTON,DC200061242     		N/A PC PROGRAM SUPPORT AND MEMBERSHIP IN 2019 3,000
    PERSISTENCE PREPARATORY ACADEMY CHARTER SCHOOL
    833 MICHIGAN AVENUE
    BUFFALO,NY142030000     		N/A PC GRADE-LEVEL GROWTH AT K-8 SCHOOL 75,000
    PHILANTHROPY COLORADO
    5855 WADSWORTH BLVD UNIT A
    ARVADA,CO800035419     		N/A PC PROGRAM SUPPORT AND MEMBERSHIP IN 2019 1,200
    PHILANTHROPY NEW YORK
    320 EAST 43RD STREET
    NEW YORK,NY100174801     		N/A PC PROGRAM SUPPORT AND MEMBERSHIP IN 2019 450
    PHILANTHROPY ROUNDTABLE
    1120 20TH STREET NW SUITE 550
    SOUTH WASHINGTON,DC20036     		N/A PC PROGRAM SUPPORT AND MEMBERSHIP IN 2019 K-12 EDUCATION PROGRAM 30,000
    PUBLIC PREPARATORY NETWORK INC
    441 EAST 148TH STREET
    BRONX,NY104554128     		N/A PC EARLY LEARNING INITIATIVE 125,000
    QUILLORG
    41 E 11TH STREET 11TH FLOOR
    NEW YORK,NY10003     		N/A PC QUILL LAB SCHOOLS PROJECT 125,000
    RED BANK CATHOLIC HIGH SCHOOL
    112 BROAD STREET
    RED BANK,NJ07701     		N/A PC SCHOLARSHIPS FOR SISTERS ACADEMY GRADUATES 20,000
    RED CLOUD INDIAN SCHOOL
    100 MISSION DRIVE
    PINE RIDGE,SD577702100     		N/A PC STRENGTHENING OF MATH AND SCIENCE CURRICULUM 50,000
    ROCKETSHIP PUBLIC SCHOOLS
    350 TWIN DOLPHIN DRIVE SUITE 109
    REDWOOD CITY,CA940651458     		N/A PC GRADE-LEVEL GROWTH AT ROCKETSHIP NORTHSIDE IN MILWAUKEE, WI 75,000
    SAVANNAH EARLY CHILDHOOD FOUNDATION
    9 CALICO CRAB RETREAT
    SAVANNAH,GA314111006     		N/A PC EARLY LEARNING INITIATIVE 35,000
    SISTERS ACADEMY
    1106 MAIN STREET
    ASBURY PARK,NJ077125925     		N/A PC SCIENCE LAB IN ALL-PURPOSE CLASSROOM 50,000
    SPRING INITIATIVE
    PO BOX 1759
    CLARKSDALE,MS386148559     		N/A PC ORGANIZATIONAL CAPACITY BUILDING FOR GROWTH 50,000
    THE THOMAS B FORDHAM INSTITUTE
    1016 16TH ST NW 8TH FLOOR
    WASHINGTON,DC200365703     		N/A PC CORE POLICY, RESEARCH AND COMMUNICATIONS 200,000
    TNTP INC
    500 7TH AVENUE 8TH FLOOR
    NEW YORK,NY100184502     		N/A PC GOOD-TO-GREAT IN NEW ORLEANS GRADE-LEVEL GROWTH AT PK-8 SCHOOL 50,000
    TNTP INC
    500 7TH AVENUE 8TH FLOOR
    NEW YORK,NY100184502     		N/A PC BLENDED LITERACY SCHOOL MODEL IN OAKLAND AND CHICAGO 320,000
    UNIVERSITY CHARTER SCHOOL
    PO BOX 1053
    LIVINGSTON,AL35470     		N/A PC GRADE-LEVEL GROWTH AT PK-8 SCHOOL 100,000
    VALOR COLLEGIATE ACADEMIES
    4527 NOLENSVILLE PIKE
    NASHVILLE,TN372114732     		N/A PC GRADE-LEVEL GROWTH AT VALOR COLLEGE PREP 100,000
    VISTA COLLEGE PREPARATORY INC
    901 E MADISON STREET
    PHOENIX,AZ85034     		N/A PC OPENING OF VISTA COLLEGE PREPARATORY-MARYVALE MIDDLE 100,000
    Total .................................bullet 3a 6,591,150
    bApproved for future payment
    ACHIEVEMENT FIRST INC
    370 JAMES STREET SUITE 404
    NEW HAVEN,CT06513     		N/A PC NAVIGATOR MATH PROGRAM 125,000
    AURORA COMMUNITY SCHOOL
    15550 E 6TH AVENUE UNIT C
    AURORA,CO80011     		N/A PC OPENING OF NEW K-8 SCHOOL 100,000
    CHARTER SCHOOL GROWTH FUND
    10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		N/A POF FUND III 400,000
    ETHOS CLASSICAL
    2295 SPRINGDALE CIRCLE SW
    ATLANTA,GA30315     		N/A PC OPENING OF NEW ELEMENTARY SCHOOL IN ATLANTA 100,000
    EXCELLENT SCHOOLS NEW MEXICO
    1135 BROADWAY BLVD NE PO BOX 27501
    ALBUQUERQUE,NM871019996     		N/A PC START-UP OF VOZ COLLEGIATE PREPARATORY CHARTER SCHOOL IN 100,000
    HOZHO ACADEMY CHARTER SCHOOL
    104 E AZTEC AVE
    GALLUP,NM873016256     		N/A PC GRADE-LEVEL EXPANSION AT K-8 SCHOOL 100,000
    I3 ACADEMY
    1 55TH PLACE NORTH
    BIRMINGHAM,AL35212     		N/A PC START-UP OF ELEMENTARY SCHOOL 100,000
    IMPACT PUBLIC SCHOOLS
    3438 S 148TH ST
    TUKWILA,WA981684319     		N/A PC GRADE-LEVEL GROWTH OF PUGET SOUND ELEMENTARY 100,000
    JOHNS HOPKINS INSTITUTE FOR EDUCATION POLICY
    SCHOOL OF EDUCATION
    BALTIMORE,MD21218     		N/A PC CREATION OF SOCIAL STUDIES KNOWLEDGE MAPS 100,000
    KIPP JACKSONVILLE SCHOOLS
    1440 MCDUFF AVENUE N
    JACKSONVILLE,FL322542035     		N/A PC GRADE-LEVEL GROWTH AT KIPP JACKSONVILLE ELEMENTARY 100,000
    KIPP MIAMI
    1951 NW 7TH AVENUE 600
    MIAMI,FL33136     		N/A PC GRADE-LEVEL GROWTH AT KIPP MIAMI SUNRISE ACADEMY 100,000
    NASHVILLE CLASSICAL CHARTER SCHOOL
    2000 GREENWOOD AVENUE
    NASHVILLE,TN37206     		N/A PC GRADE-LEVEL GROWTH AND LEADERSHIP DEVELOPMENT AT MIDDLE 150,000
    NAVIGATOR SCHOOLS
    650 SAN BENITO STREET SUITE 230
    HOLLISTER,CA95023     		N/A PC OPENING OF WATSONVILLE PREP K-8 SCHOOL 100,000
    NEW SCHOOLS FOR BATON ROUGE
    100 LAFAYETTE STREET FLOOR 2
    BATON ROUGE,LA708011201     		N/A PC EXPANSION OF KIPP INTO BATON ROUGE 150,000
    NORWALK GRASSROOTS TENNIS & EDUCATION
    11 INGALLS AVENUE
    NORWALK,CT068544605     		N/A PC EXPANSION OF EDUCATIONAL PROGRAM 50,000
    PERSISTENCE PREPARATORY ACADEMY CHARTER SCHOOL
    833 MICHIGAN AVENUE
    BUFFALO,NY142030000     		N/A PC GRADE-LEVEL GROWTH AT K-8 SCHOOL 100,000
    PUBLIC PREPARATORY NETWORK INC
    441 EAST 148TH STREET
    BRONX,NY104554128     		N/A PC EARLY LEARNING INITIATIVE 75,000
    QUILLORG
    41 E 11TH STREET 11TH FLOOR
    NEW YORK,NY10003     		N/A PC QUILL LAB SCHOOLS PROJECT 100,000
    RED BANK CATHOLIC HIGH SCHOOL
    112 BROAD STREET
    RED BANK,NJ07701     		N/A PC SCHOLARSHIPS FOR SISTERS ACADEMY GRADUATES 20,000
    RED BANK CATHOLIC HIGH SCHOOL
    112 BROAD STREET
    RED BANK,NJ07701     		N/A PC SCHOLARSHIPS FOR SISTERS ACADEMY GRADUATES 20,000
    RED CLOUD INDIAN SCHOOL
    100 MISSION DRIVE
    PINE RIDGE,SD577702100     		N/A PC STRENGTHENING OF MATH AND SCIENCE CURRICULUM 50,000
    SAVANNAH EARLY CHILDHOOD FOUNDATION
    9 CALICO CRAB RETREAT
    SAVANNAH,GA314111006     		N/A PC EARLY LEARNING INITIATIVE 30,000
    SAVANNAH EARLY CHILDHOOD FOUNDATION
    9 CALICO CRAB RETREAT
    SAVANNAH,GA314111006     		N/A PC EARLY LEARNING INITIATIVE 25,000
    SPRING INITIATIVE
    PO BOX 1759
    CLARKSDALE,MS386148559     		N/A PC ORGANIZATIONAL CAPACITY BUILDING FOR GROWTH 50,000
    TNTP
    500 7TH AVENUE 8TH FLOOR
    NEW YORK,NY100184502     		N/A PC GOOD-TO-GREAT IN NEW ORLEANS 50,000
    TNTP
    500 7TH AVENUE 8TH FLOOR
    NEW YORK,NY100184502     		N/A PC BLENDED LITERACY SCHOOL MODEL IN OAKLAND AND CHICAGO 200,000
    VISTA COLLEGE PREPARATORY
    901 E MADISON STREET
    PHOENIX,AZ85034     		N/A PC OPENING OF VISTA COLLEGE PREPARATORY-MARYVALE MIDDLE SCHOOL 100,000
    Total .................................bullet 3b 2,695,000
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 18,135  
    4 Dividends and interest from securities....     14 3,307,004  
    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.....     14 137,036  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 11,234,450  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 14,696,625 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    14,696,625
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PKF O'CONNOR DAVIES, LLP - AUDIT AND TAX PREPARATION FEES 50,220 4,478   45,742

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2016-10-12 400,000 TO SUPPORT THE CHARTER MANAGEMENT ORGANIZATIONS IN FUND III PORTFOLIO TO DEVELOP AND REPLICATE SCHOOLS. 400,000 NONE 4/24/17, 4/19/18, 2/5/19, 2/6/20    
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2017-10-18 400,000 TO SUPPORT THE CHARTER MANAGEMENT ORGANIZATIONS IN FUND III PORTFOLIO TO DEVELOP AND REPLICATE SCHOOLS. 400,000 NONE 4/24/17, 4/19/18, 2/5/19, 2/6/20    
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2018-10-17 400,000 TO SUPPORT THE CHARTER MANAGEMENT ORGANIZATIONS IN FUND III PORTFOLIO TO DEVELOP AND REPLICATE SCHOOLS. 400,000 NONE 4/24/17, 4/19/18, 2/5/19, 2/6/20    
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2019-10-17 400,000 TO SUPPORT THE CHARTER MANAGEMENT ORGANIZATIONS IN FUND III PORTFOLIO TO DEVELOP AND REPLICATE SCHOOLS. 186,239 NONE 4/24/17, 4/19/18, 2/5/19, 2/6/20    
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2018-10-17 500,000 TO SUPPORT THE GROWTH OF FREEDOM PREP CHARTER SCHOOLS AND CAPSTONE EDUCATION GROUP IN MEMPHIS, TN THROUGH THE MEMPHIS FUND. 500,000 NONE 2/5/19    
    CHARTER FUND INC DBA CHARTER SCHOOL GROWTH FUND
          		10901 W 120TH AVENUE SUITE 450
    BROOMFIELD,CO80021     		2019-10-17 250,000 TO SUPPORT THE GROWTH OF FREEDOM PREP CHARTER SCHOOLS AND CAPSTONE EDUCATION GROUP IN MEMPHIS, TN THROUGH THE MEMPHIS FUND. 250,000 NONE 2/6/20    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AKRE FOCUS FUND-INST 5,931,186 5,931,186
    ALCON INC 743,542 743,542
    ALLEGION PLC 1,383,197 1,383,197
    ALPHABET INC-CL C 2,721,838 2,721,838
    ARTHUR J GALLAGHER & CO 1,167,616 1,167,616
    BERKSHIRE HATHAWAY INC-CL A 3,189,390 3,189,390
    BOOKING HOLDINGS INC 594,143 594,143
    BRIGHT HORIZONS FAMILY SOLUT 344,863 344,863
    BROWN-FORMAN CORP-CLASS B 1,276,657 1,276,657
    CELANESE CORP 1,152,863 1,152,863
    COLGATE-PALMOLIVE CO 688,058 688,058
    COMCAST CORP-CLASS A 2,330,640 2,330,640
    COPART INC 1,851,136 1,851,136
    COSTCO WHOLESALE CORP 550,545 550,545
    DIAGEO PLC-SPONSORED ADR 1,274,089 1,274,089
    DOLLAR GENERAL CORP 1,123,984 1,123,984
    FLEETCOR TECHNOLOGIES INC 1,677,054 1,677,054
    HENRY SCHEIN INC 1,061,129 1,061,129
    KLA CORPORATION COM NEW 855,342 855,342
    LINDE PLC 1,371,591 1,371,591
    MASTERCARD INC - A 913,474 913,474
    NESTLE SA-SPONS ADR 741,547 741,547
    NOVARTIS AG-SPONSORED ADR 1,306,354 1,306,354
    ORACLE CORP 2,511,989 2,511,989
    PERRIGO CO PLC 695,092 695,092
    SMITH (A.O.) CORP 869,400 869,400
    UNILEVER N V -NY SHARES 1,101,982 1,101,982
    US BANCORP 2,074,103 2,074,103
    WASTE MANAGEMENT INC 667,650 667,650
    ZOETIS INC 1,684,067 1,684,067

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NEWTON COUNTY LUMBER CO. FMV 336,759 336,759
    BBH REAL EST INCOME FUND II LP FMV 447,360 447,360
    BBH REAL EST INCOME FUND III LP FMV 572,262 572,262
    BBH CAP. PARTNERS III (CAYMAN) FMV 772,162 772,162
    BBH CAP. PARTNERS IV FMV 3,544,219 3,544,219
    BBH CAP. PARTNERS V-1 SUB TRUST FMV 5,612,211 5,612,211
    GOLDENTREE OFFSHORE LTD FMV 271,150 271,150
    BBH WEALTH STRATEGIES LLC BARINGS LOAN SUB TRUST SERIES 1 FMV 2,226,172 2,226,172
    BBH WEALTH STRATEGIES LLC BARINGS LOAN SUB TRUST SERIES 2 FMV 446,862 446,862
    BBH WEALTH STRATEGIES LLC BARINGS LOAN SUB TRUST SERIES 3 FMV 359,973 359,973
    BBH WEALTH STRATEGIES SANDTON CREDIT SOLUTIONS IV SUB TRUST FMV 1,812,184 1,812,184
    BBH WEALTH STRATEGIES LLC LBC CREDIT PARTNERS III USTE SERIES FMV 1,541,794 1,541,794
    BBH WEALTH STRATEGIES OAKTREE FMV 682,459 682,459
    BBH CEDAR ROCK CAPITAL PARTNERS LLC FMV 9,304,584 9,304,584
    BBH WEALTH STRATEGIES LLC ALTAROCK PARTNERS SERIES FMV 8,664,593 8,664,593
    BBH WEALTH STRATEGIES LLC BARES MID/LARGE CAP SERIES FMV 10,673,523 10,673,523
    BBH WEALTH STRATEGIES LLC BURGUNDY EMERGING MARKETS SERIES FMV 6,426,534 6,426,534
    BBH WEALTH STRATEGIES LLC SELECT EQUITY SERIES FMV 21,962,668 21,962,668
    BBH WEALTH STRATEGIES LLC CLARKSTON CAPITAL PARTNERS FMV 4,921,469 4,921,469
    BBH WS - SILVER POINT DISTRESSED OPPORTUNITY SUB-TRUST FMV 39,098 39,098
    BBH CAPITAL PARTNERS OPPORTUNITIES FUND FMV 268,793 268,793
    LONGLEAF PART SMALL CAP FMV 3,842,675 3,842,675
    BBH PART-INTL EQTY-I FMV 6,316,135 6,316,135
    BBH LIMITED DURATION-I FMV 12,113,815 12,113,815
    BBH INCOME FUND-I FMV 3,687,686 3,687,686
    DODGE & COX INCOME FD FMV 5,322,147 5,322,147
    DOUBLELINE TTL RTRN BND-I FMV 5,291,844 5,291,844
    JPM MANAGED INCOME FD - USD - L FMV 1,310,067 1,310,067
    LORD ABBETT SHRT DUR INC-F3 FMV 1,083,614 1,083,614
    MTRPLTN WST TTL RTRN BND-PLN FMV 3,343,196 3,343,196
    PIMCO TOTAL RETURN FD-INST FMV 1,205,882 1,205,882
    VANGUARD TOTAL BOND MARKET INDEX FUND-ADM FMV 7,187,418 7,187,418
    SCHWAB U.S. TIPS ETF FMV 2,061,055 2,061,055

    TY 2018 LegalFeesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FULTON VITTORIA LLC 31,503 0   31,503
    DENTONS US LLP 75,000 0   75,000


    TY 2018 OtherExpensesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL EXPENSES 23,845 2,126   21,719
    STATE FILING FEES 1,587 0   1,587
    GRANTS SOFTWARE 30,909 0   30,909
    INFORMATION TECHNOLOGY 52,356 4,668   47,688
    PARTNERSHIP EXPENSES 0 548,598   0
    OTHER INVESTMENT FEES AND EXPENSES 79,761 79,761   0
    DUES AND SUBSCRIPTIONS 4,934 440   4,494


    TY 2018 OtherIncomeSchedule2
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PORTFOLIO INCOME THROUGH K-1S   16,893  
    CLASS ACTION SETTLEMENTS 23,216 23,216 23,216
    OTHER INVESTMENT INCOME 113,820 113,820 113,820


    TY 2018 OtherIncreasesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 8,133,943


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROWN BROTHERS - INVESTMENT ADVISORY 1,110,846 597,174   0
    JP MORGAN CHASE - INVESTMENT ADVISORY 235,955 235,955   0
    PORTFOLIO EVALUATIONS, INC. - INVESTMENT ADVISORY 20,000 20,000   0


    TY 2018 TaxesSchedule
    Name:
    THE LOUIS CALDER FOUNDATION
    EIN:
    13-6015562
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 33,410 115,609   0
    PROVISION FOR FEDERAL EXCISE TAX 338,000 0   0