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
JEFFERSON CHRISTIAN ACADEMY SCHOLARSHIP

Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 11647
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BIRMINGHAM, AL35202

A Employer identification number

61-6520033

B Telephone number (see instructions)

(205) 420-7753

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

$636,394J 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)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	13,961		13,961
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		7,691
b	Gross sales price for all assets on line 6a 196,602
7	Capital gain net income (from Part IV, line 2)...			7,691
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	21,652		21,652
13	Compensation of officers, directors, trustees, etc.	5,994		4,795		1,199
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		800	0	0	800
c	Other professional fees (attach schedule)....		1,401	1,401		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		338	232		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		416	416
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	8,949		6,844	0	1,999
25	Contributions, gifts, grants paid.......	30,534				30,534
26	Total expenses and disbursements. Add lines 24 and 25	39,483		6,844	0	32,533
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-17,831
b	Net investment income (if negative, enter -0-)			14,808
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	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.........	28,714	34,377	34,377
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	542,533	518,995	602,017
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	571,247	553,372	636,394
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	571,247	553,372
	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).....	571,247	553,372
	30	Total liabilities and net assets/fund balances (see instructions).	571,247	553,372

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

571,247

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

-17,831

Other increases not included in line 2 (itemize) bullet

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

553,418

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 .

553,372

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	3. RYOHIN KEIKAKU CO -UNSP ADR		2018-01-26	2019-01-22
b	3. RYOHIN KEIKAKU CO -UNSP ADR		2016-10-04	2019-01-22
c	18. ABB LTD		2018-01-26	2019-02-01
d	5. ABB LTD		2018-10-26	2019-02-01
e	12.72 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-02-01
	22.61 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-02-01
	41.86 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-02-01
	53.86 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-02-01
	24.43 FG J12243 4% 01 MAY 2025		2014-01-08	2019-02-01
	28.76 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-02-01
	30.62 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-02-01
	14.25 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-02-01
	15.7 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-02-01
	15.03 FG A95822 4% 01 DEC 2040		2014-01-08	2019-02-01
	56.7 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-02-01
	5.71 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-02-01
	33.56 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-02-01
	17.61 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-02-01
	38.27 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-02-01
	13.89 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-02-01
	9.87 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-02-01
	26.05 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-02-01
	12.77 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-02-01
	36.91 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-02-01
	13.35 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-02-01
	45.43 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-02-01
	14.89 FN 735212 5% 01 DEC 2034		2016-01-08	2019-02-01
	33.15 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-02-01
	31.87 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-02-01
	17.75 FN 932837 3% 01 DEC 2025		2016-01-08	2019-02-01
	8.68 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-02-01
	17.4 FNMA POOL 0995203		2014-01-08	2019-02-01
	18.36 FNMA POOL 0AA4315		2014-01-08	2019-02-01
	5.87 FNMA POOL 0AC8512		2016-01-08	2019-02-01
	16.44 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-02-01
	26.06 FNMA POOL 0AE3066		2014-01-08	2019-02-01
	9.47 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-02-01
	2000. US TREASURY N/B 1.25% 31 JAN 2020		2016-01-07	2019-02-11
	5000. US TREASURY N/B 1.25% 31 JAN 2020		2018-08-06	2019-02-11
	1000. US TREASURY N/B 2.625% 15 NOV 2020		2019-02-06	2019-02-11
	5000.70872 US TREASURY N/B 2.625% 15 NOV 2020		2014-01-08	2019-02-11
	2999.29128 US TREASURY N/B 2.625% 15 NOV 2020		2018-02-05	2019-02-11
	2999.39904 US TREASURY N/B 1.75% 30 APR 2022		2017-02-15	2019-02-11
	2000.60096 US TREASURY N/B 1.75% 30 APR 2022		2017-03-08	2019-02-11
	13. RED ELECTRICA CORP SA		2018-01-26	2019-02-21
	14.29 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-03-01
	30.17 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-03-01
	48.53 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-03-01
	59.28 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-03-01
	22.08 FG J12243 4% 01 MAY 2025		2014-01-08	2019-03-01
	18.6 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-03-01
	29.47 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-03-01
	8.12 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-03-01
	30.07 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-03-01
	8.81 FG A95822 4% 01 DEC 2040		2014-01-08	2019-03-01
	50.4 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-03-01
	4.96 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-03-01
	34.99 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-03-01
	24.15 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-03-01
	30.18 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-03-01
	22.91 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-03-01
	11.77 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-03-01
	17.81 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-03-01
	7.43 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-03-01
	31.94 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-03-01
	12.83 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-03-01
	34.38 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-03-01
	9.92 FN 735212 5% 01 DEC 2034		2016-01-08	2019-03-01
	26.55 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-03-01
	19.04 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-03-01
	12.12 FN 932837 3% 01 DEC 2025		2016-01-08	2019-03-01
	6.61 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-03-01
	17.48 FNMA POOL 0995203		2014-01-08	2019-03-01
	21.03 FNMA POOL 0AA4315		2014-01-08	2019-03-01
	7.95 FNMA POOL 0AC8512		2016-01-08	2019-03-01
	20.07 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-03-01
	26.13 FNMA POOL 0AE3066		2014-01-08	2019-03-01
	3.08 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-03-01
	6. CELGENE CORP		2018-06-27	2019-03-04
	13. CELGENE CORP		2014-03-11	2019-03-04
	1000. BIOGEN INC 2.9% 9/15/20		2017-08-23	2019-03-06
	1000. BP CAP MARKETS AMERICA 3.796% 21 SEP		2018-09-19	2019-03-06
	1000. DOWDUPONT INC 4.205% 15 NOV 2023		2018-11-15	2019-03-06
	1000. GENERAL ELEC CAP CORP		2017-12-07	2019-03-06
	1000. INTEL CORP		2016-06-06	2019-03-06
	1000. LLOYDS BANKING GROUP PLC 4.375% 22 MAR 2		2018-03-16	2019-03-06
	1000. MORGAN STANLEY 3.7% 23 OCT 2024		2016-01-07	2019-03-06
	1000. PRUDENTIAL FINANCIAL INC 4.5% 15 NOV 2020		2017-09-08	2019-03-06
	1000. US TREASURY N/B 2% 15 FEB 2025		2016-01-07	2019-03-06
	3000. US TREASURY N/B 1.625% 15 MAY 2026		2017-12-12	2019-03-06
	348.223 ADVISERS INVT TR JOHCM INTL SL I		2018-01-26	2019-03-07
	2. AIR PRODUCTS & CHEMICALS INC		2017-09-05	2019-03-07
	31. ASSA ABLOY AB - UNSP ADR		2018-01-26	2019-03-07
	441.143 BARON EMERGING MARKETS FUND		2018-02-02	2019-03-07
	12. BHP GROUP LTD		2018-01-26	2019-03-07
	1. BHP GROUP LTD		2018-07-19	2019-03-07
	20. CISCO SYSTEMS INC		2018-04-13	2019-03-07
	32. COMPASS GROUP PLC		2018-01-26	2019-03-07
	2. ECOLAB INC		2014-05-01	2019-03-07
	3. EXXON MOBIL CORP		2018-01-26	2019-03-07
	3. HONEYWELL INTERNATIONAL INC		2018-06-27	2019-03-07
	2. INTUIT INC		2014-01-02	2019-03-07
	16. ISHARES CORE S&P MIDCAP ETF		2014-07-10	2019-03-07
	13. ISHARES RUSSELL 2000 INDEX FD		2014-07-10	2019-03-07
	3. JPMORGAN CHASE & CO		2018-01-26	2019-03-07
	2. LILLY ELI & CO		2018-06-27	2019-03-07
	12. LILLY ELI & CO		2018-01-26	2019-03-07
	3. MCDONALDS CORP		2016-01-27	2019-03-07
	14. MERCK & CO INC		2018-05-23	2019-03-07
	6. MICROSOFT CORP COM		2018-08-14	2019-03-07
	3. NEXTERA ENERGY INC		2014-01-28	2019-03-07
	13. NOVARTIS AG-ADR		2018-01-26	2019-03-07
	2. NOVARTIS AG-ADR		2018-11-23	2019-03-07
	3. PEPSICO INC COM		2018-04-13	2019-03-07
	9. PFIZER INC COM		2015-07-31	2019-03-07
	8. PFIZER INC COM		2018-06-27	2019-03-07
	3. PROCTER & GAMBLE CO		2018-12-06	2019-03-07
	8. PRUDENTIAL PLC		2018-01-26	2019-03-07
	31. RED ELECTRICA CORP SA		2018-01-26	2019-03-07
	8. RELX PLC		2018-07-19	2019-03-07
	5. RELX PLC		2018-01-26	2019-03-07
	8. ROGERS COMMUNICATIONS INC		2018-10-26	2019-03-07
	4. ROYAL DUTCH SHELL PLC-ADR		2018-02-17	2019-03-07
	8. SAFRAN SA		2018-06-18	2019-03-07
	4. SAP SE ONE ADR REPRS 1/12TH OF A PREF SH		2018-07-10	2019-03-07
	2. SUNCOR ENERGY INC		2018-10-11	2019-03-07
	6. SUNCOR ENERGY INC		2018-01-26	2019-03-07
	4. SUNTRUST BKS INC		2015-03-12	2019-03-07
	2. THERMO FISHER SCIENTIFIC INC		2018-04-13	2019-03-07
	2. UNION PACIFIC CORP		2014-01-02	2019-03-07
	2. UNITED TECHNOLOGIES CORP		2018-06-27	2019-03-07
	4. VERIZON COMMUNICATIONS COM		2014-09-09	2019-03-07
	6. VERIZON COMMUNICATIONS COM		2018-06-27	2019-03-07
	2. VISA INC		2018-10-16	2019-03-07
	31. VIVENDI SA		2018-11-23	2019-03-07
	5. WEC ENERGY GROUP INC		2018-10-16	2019-03-07
	5. WALMART STORES INC COM		2018-01-26	2019-03-07
	4. WOLTERS KLUWER NV		2017-09-05	2019-03-07
	6. AON CORP		2018-01-26	2019-03-07
	2. ACCENTURE PLC IRELAND SHS CL A		2018-02-17	2019-03-07
	5. EATON CORP PLC		2018-06-27	2019-03-07
	3. MEDTRONIC PLC		2018-01-26	2019-03-07
	4. CHUBB LIMITED COM		2018-06-27	2019-03-07
	15.06 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-04-01
	25.68 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-04-01
	55.56 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-04-01
	63.63 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-04-01
	25.07 FG J12243 4% 01 MAY 2025		2014-01-08	2019-04-01
	24.61 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-04-01
	29.95 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-04-01
	10.21 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-04-01
	33.15 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-04-01
	12.11 FG A95822 4% 01 DEC 2040		2014-01-08	2019-04-01
	65.06 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-04-01
	7.39 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-04-01
	18.44 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-04-01
	23.06 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-04-01
	45.25 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-04-01
	15.69 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-04-01
	9.46 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-04-01
	20.01 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-04-01
	20.19 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-04-01
	25.64 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-04-01
	13.17 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-04-01
	54.5 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-04-01
	21.07 FN 735212 5% 01 DEC 2034		2016-01-08	2019-04-01
	34.09 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-04-01
	39.43 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-04-01
	16.72 FN 932837 3% 01 DEC 2025		2016-01-08	2019-04-01
	8.77 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-04-01
	18.56 FNMA POOL 0995203		2014-01-08	2019-04-01
	18.22 FNMA POOL 0AA4315		2014-01-08	2019-04-01
	11.02 FNMA POOL 0AC8512		2016-01-08	2019-04-01
	16.47 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-04-01
	31.48 FNMA POOL 0AE3066		2014-01-08	2019-04-01
	3.08 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-04-01
	25. CARNIVAL CORP		2017-01-04	2019-04-08
	11. CITIGROUP INC		2018-01-26	2019-04-08
	11. CITIGROUP INC		2018-06-27	2019-04-08
	8. UNION PACIFIC CORP		2014-01-02	2019-04-08
	12. UNITEDHEALTH GROUP INC		2018-02-09	2019-04-08
	4. AIA GROUP LTD		2018-09-25	2019-04-09
	12. ABN AMRO GROUP NV		2018-01-26	2019-04-09
	1. ANHEUSER-BUSCH INBEV SA/NV		2017-09-05	2019-04-09
	2. ASHTEAD GROUP PLC		2017-09-05	2019-04-09
	2. ASHTEAD GROUP PLC		2017-09-05	2019-04-09
	2. CANADIAN NATIONAL RAILWAY CO		2016-11-01	2019-04-09
	8. CARLSBERG A/S		2017-09-05	2019-04-09
	12. CIE FINANCIERE RICHEMONT SA		2018-01-26	2019-04-09
	3. DBS GROUP HOLDINGS LTD		2018-01-26	2019-04-09
	6. DAIWA HOUSE INDUS-UNSP ADR		2017-09-05	2019-04-09
	5. EQUINOR ASA		2017-09-05	2019-04-09
	30. FERGUSON PLC		2017-09-05	2019-04-09
	4. GENMAB A/S -SP ADR		2018-03-28	2019-04-09
	6. INFORMA PLC		2018-01-26	2019-04-09
	10. KAO CORP		2018-01-26	2019-04-09
	8. KOMATSU LTD SPON ADR NEW		2018-01-26	2019-04-09
	6. MAKITA CORP		2017-09-05	2019-04-09
	7. CIE GNERALE DES ESTABL MICHELIN		2018-01-26	2019-04-09
	15. NORDEA BANK ABP		2018-08-28	2019-04-09
	8. NORDEA BANK ABP		2018-01-26	2019-04-09
	1. RYANAIR HOLDINGS PLC-SP ADR		2018-01-26	2019-04-09
	2. RYOHIN KEIKAKU CO -UNSP ADR		2016-10-04	2019-04-09
	11. SAMPO OYJ		2016-12-12	2019-04-09
	29. SUMITOMO MITSUI-SPONS ADR		2018-01-26	2019-04-09
	10. TELENOR ASA-ADR		2018-01-26	2019-04-09
	5. UBISOFT ENTERTAIN-UNSPON ADR		2018-03-28	2019-04-09
	5. UBISOFT ENTERTAIN-UNSPON ADR		2018-06-18	2019-04-09
	2. UNILEVER PLC SPONSORED ADR		2017-09-05	2019-04-09
	9. VINCI S.A.-UNSPONS ADR		2017-09-05	2019-04-09
	14. VOLKSWAGEN AG		2018-11-07	2019-04-09
	3000. US TREASURY N/B 1.625% 15 MAY 2026		2018-01-10	2019-04-18
	899.98 BARON EMERGING MARKETS FUND		2018-02-02	2019-04-23
	1000. CISCO SYSTEMS INC 2.5% 20 SEP 2026		2016-09-14	2019-04-30
	2000. CISCO SYSTEMS INC 2.5% 20 SEP 2026		2016-09-13	2019-04-30
	15.27 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-05-01
	26.52 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-05-01
	65.43 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-05-01
	61.15 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-05-01
	31.2 FG J12243 4% 01 MAY 2025		2014-01-08	2019-05-01
	17.81 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-05-01
	36.51 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-05-01
	14.07 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-05-01
	15.97 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-05-01
	11.5 FG A95822 4% 01 DEC 2040		2014-01-08	2019-05-01
	80.2 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-05-01
	9.23 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-05-01
	20.51 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-05-01
	31.21 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-05-01
	44.94 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-05-01
	31.75 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-05-01
	11.6 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-05-01
	22.02 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-05-01
	30.56 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-05-01
	34.26 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-05-01
	14.11 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-05-01
	45.21 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-05-01
	11.34 FN 735212 5% 01 DEC 2034		2016-01-08	2019-05-01
	41.36 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-05-01
	44.94 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-05-01
	25.38 FN 932837 3% 01 DEC 2025		2016-01-08	2019-05-01
	9.02 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-05-01
	17.66 FNMA POOL 0995203		2014-01-08	2019-05-01
	21.86 FNMA POOL 0AA4315		2014-01-08	2019-05-01
	9.68 FNMA POOL 0AC8512		2016-01-08	2019-05-01
	16.14 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-05-01
	88.51 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-05-01
	30.94 FNMA POOL 0AE3066		2014-01-08	2019-05-01
	15.02 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-05-01
	3000. US TREASURY N/B 1.25% 31 JAN 2020		2019-04-04	2019-05-06
	1000. US TREASURY N/B 2% 15 FEB 2025		2016-01-07	2019-05-06
	1000. US TREASURY N/B 2.625% 15 NOV 2020		2014-01-31	2019-05-06
	3000. IBM CREDIT LLC 3.6% 30 NOV 2021		2018-11-27	2019-05-09
	3000. BRITISH COLUMBIA PROV OF 2.65% 22 SEP		2018-04-25	2019-05-16
	3000. AIR LEASE CORP 2.125% 15 JAN 2020		2018-03-12	2019-05-17
	7. UBISOFT ENTERTAIN-UNSPON ADR		2018-03-28	2019-05-24
	4. SONOVA HOLDING AG		2019-04-09	2019-06-07
	4. BHP GROUP LTD		2016-08-25	2019-06-11
	2. CANADIAN NATIONAL RAILWAY CO		2016-11-01	2019-06-11
	20. FERGUSON PLC-ADR		2017-09-05	2019-06-11
	12. COMPASS GROUP PLC		2019-04-09	2019-06-12
	3. WOLTERS KLUWER NV		2017-09-05	2019-06-12
	1. ACCENTURE PLC IRELAND SHS CL A		2018-02-17	2019-06-12
	15.77 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-06-17
	27.74 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-06-17
	72.42 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-06-17
	68.85 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-06-17
	27.08 FG J12243 4% 01 MAY 2025		2014-01-08	2019-06-17
	22.45 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-06-17
	36.36 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-06-17
	15.47 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-06-17
	18.69 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-06-17
	19.41 FG A95822 4% 01 DEC 2040		2014-01-08	2019-06-17
	99.72 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-06-17
	5. MAKITA CORP		2017-09-05	2019-06-20
	11.12 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-06-25
	24.92 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-06-25
	34.08 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-06-25
	33.73 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-06-25
	27.72 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-06-25
	11.74 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-06-25
	35.42 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-06-25
	33.26 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-06-25
	73.1 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-06-25
	14.13 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-06-25
	78.62 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-06-25
	12.17 FN 735212 5% 01 DEC 2034		2016-01-08	2019-06-25
	80.29 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-06-25
	28.52 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-06-25
	23.02 FN 932837 3% 01 DEC 2025		2016-01-08	2019-06-25
	11.36 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-06-25
	20.76 FNMA POOL 0995203		2014-01-08	2019-06-25
	14.2 FNMA POOL 0AA4315		2014-01-08	2019-06-25
	12.68 FNMA POOL 0AC8512		2016-01-08	2019-06-25
	21.69 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-06-25
	108.74 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-06-25
	37.08 FNMA POOL 0AE3066		2014-01-08	2019-06-25
	3.13 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-06-25
	1. ACCENTURE PLC IRELAND SHS CL A		2018-07-19	2019-07-03
	5. SONOVA HOLDING AG		2018-11-13	2019-07-05
	1. WOLTERS KLUWER NV		2017-09-05	2019-07-05
	1000. INTEL CORP		2019-05-06	2019-07-09
	2000. INTEL CORP		2014-01-08	2019-07-09
	3000. VERIZON COMMUNICATIONS 2.625% 15 AUG 2026		2016-07-28	2019-07-09
	3. ALPHABET INC		2018-01-26	2019-07-12
	8. JB HUNT TRANSPORT SERVICES INC		2018-06-27	2019-07-12
	7. PALO ALTO NETWORKS INC		2017-01-04	2019-07-12
	16.95 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-07-15
	34.13 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-07-15
	76.45 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-07-15
	63.41 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-07-15
	32.41 FG J12243 4% 01 MAY 2025		2014-01-08	2019-07-15
	20.82 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-07-15
	28.5 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-07-15
	17.21 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-07-15
	7.63 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-07-15
	12.95 FG A95822 4% 01 DEC 2040		2014-01-08	2019-07-15
	85.1 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-07-15
	1000. US TREASURY N/B 1.25% 31 JAN 2020		2016-01-30	2019-07-15
	2000. US TREASURY N/B 1.25% 31 JAN 2020		2019-04-04	2019-07-15
	3000. BANK OF MONTREAL 1.5% 7/18/19		2016-07-14	2019-07-18
	8.32 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-07-25
	38.3 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-07-25
	33.87 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-07-25
	39.53 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-07-25
	18.13 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-07-25
	12.49 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-07-25
	31.39 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-07-25
	21.33 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-07-25
	51.64 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-07-25
	13.06 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-07-25
	58.64 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-07-25
	13.81 FN 735212 5% 01 DEC 2034		2016-01-08	2019-07-25
	37.45 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-07-25
	64.51 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-07-25
	19.29 FN 932837 3% 01 DEC 2025		2016-01-08	2019-07-25
	8.83 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-07-25
	18.74 FNMA POOL 0995203		2014-01-08	2019-07-25
	15.92 FNMA POOL 0AA4315		2014-01-08	2019-07-25
	14.02 FNMA POOL 0AC8512		2016-01-08	2019-07-25
	21.56 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-07-25
	98.42 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-07-25
	30.16 FNMA POOL 0AE3066		2014-01-08	2019-07-25
	10.23 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-07-25
	6. CIE GNERALE DES ESTABL MICHELIN		2017-09-05	2019-07-26
	9. VINCI S.A.-UNSPONS ADR		2017-09-05	2019-07-26
	4. CARLSBERG A/S		2017-09-05	2019-08-05
	12. ABN AMRO GROUP NV		2018-08-31	2019-08-12
	17. ABN AMRO GROUP NV		2018-01-26	2019-08-12
	10. RED ELECTRICA CORP SA		2017-09-05	2019-08-14
	3000. UNITED STATES TREASURY NOTE DTD 09/15/20		2019-07-19	2019-08-14
	3000. CVS HEALTH CORP 3.125% 09 MAR 2020		2018-03-07	2019-08-15
	14.31 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-08-15
	23.76 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-08-15
	85.27 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-08-15
	69.04 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-08-15
	27.69 FG J12243 4% 01 MAY 2025		2014-01-08	2019-08-15
	29.4 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-08-15
	27.6 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-08-15
	19.02 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-08-15
	15.97 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-08-15
	19.38 FG A95822 4% 01 DEC 2040		2014-01-08	2019-08-15
	103.85 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-08-15
	130. BANK OF AMERICA CORP		2018-06-27	2019-08-22
	9. MICROSOFT CORP COM		2018-04-13	2019-08-22
	66. PFIZER INC COM		2015-07-31	2019-08-22
	3. WALMART STORES INC COM		2018-01-26	2019-08-22
	7.75 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-08-26
	21.12 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-08-26
	26.92 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-08-26
	42.73 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-08-26
	22.43 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-08-26
	12.02 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-08-26
	22.72 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-08-26
	42.15 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-08-26
	45.95 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-08-26
	14.6 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-08-26
	69.61 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-08-26
	8.85 FN 735212 5% 01 DEC 2034		2016-01-08	2019-08-26
	53.2 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-08-26
	60.06 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-08-26
	163.08 FN FM1000 3% 01 APR 2047		2019-07-10	2019-08-26
	14.89 FN 932837 3% 01 DEC 2025		2016-01-08	2019-08-26
	8.8 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-08-26
	19.43 FNMA POOL 0995203		2014-01-08	2019-08-26
	20.89 FNMA POOL 0AA4315		2014-01-08	2019-08-26
	14.05 FNMA POOL 0AC8512		2016-01-08	2019-08-26
	15.18 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-08-26
	143.54 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-08-26
	31.22 FNMA POOL 0AE3066		2014-01-08	2019-08-26
	17.68 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-08-26
	11. CIE GNERALE DES ESTABL MICHELIN		2018-07-19	2019-08-28
	3000. US TREASURY N/B 1.75% 30 APR 2022		2019-04-04	2019-08-29
	3000. PHILIP MORRIS INTL INC 3.375% 15 AUG		2019-04-29	2019-09-10
	19.47 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-09-16
	25.78 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-09-16
	95.97 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-09-16
	62.18 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-09-16
	26.66 FG J12243 4% 01 MAY 2025		2014-01-08	2019-09-16
	24.15 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-09-16
	33.63 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-09-16
	19.29 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-09-16
	43.63 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-09-16
	14.76 FG A95822 4% 01 DEC 2040		2014-01-08	2019-09-16
	108.28 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-09-16
	8.54 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-09-25
	22.93 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-09-25
	34.21 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-09-25
	34.24 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-09-25
	21.79 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-09-25
	12.82 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-09-25
	35.2 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-09-25
	19.65 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-09-25
	57.47 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-09-25
	14.58 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-09-25
	64.38 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-09-25
	8.09 FN 735212 5% 01 DEC 2034		2016-01-08	2019-09-25
	50.66 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-09-25
	71.37 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-09-25
	178.85 FN FM1000 3% 01 APR 2047		2019-07-10	2019-09-25
	27.53 FN 932837 3% 01 DEC 2025		2016-01-08	2019-09-25
	16.85 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-09-25
	19.27 FNMA POOL 0995203		2014-01-08	2019-09-25
	16.89 FNMA POOL 0AA4315		2014-01-08	2019-09-25
	11.82 FNMA POOL 0AC8512		2016-01-08	2019-09-25
	24.23 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-09-25
	145.2 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-09-25
	25.41 FNMA POOL 0AE3066		2014-01-08	2019-09-25
	17.93 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-09-25
	13000. US TREASURY N/B 2% 15 FEB 2025		2016-11-16	2019-09-25
	2000. US TREASURY N/B 2% 15 FEB 2025		2019-08-06	2019-09-25
	6. ROGERS COMMUNICATIONS INC		2018-07-19	2019-09-27
	18. CONTINENTAL AG		2019-07-25	2019-10-07
	16.16 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-10-15
	30.29 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-10-15
	102.14 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-10-15
	69.22 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-10-15
	22.21 FG J12243 4% 01 MAY 2025		2014-01-08	2019-10-15
	29.3 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-10-15
	33.21 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-10-15
	17.14 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-10-15
	18.63 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-10-15
	14.89 FG A95822 4% 01 DEC 2040		2014-01-08	2019-10-15
	73.87 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-10-15
	12. ATOS SE		2019-07-05	2019-10-16
	18. ASSA ABLOY AB - UNSP ADR		2017-09-05	2019-10-18
	3. ASSA ABLOY AB - UNSP ADR		2019-04-09	2019-10-18
	3. COMPASS GROUP PLC		2019-04-09	2019-10-22
	8.05 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-10-25
	29.74 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-10-25
	18.19 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-10-25
	38.65 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-10-25
	21.59 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-10-25
	11.76 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-10-25
	31.7 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-10-25
	34.62 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-10-25
	61.88 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-10-25
	12.47 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-10-25
	66.13 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-10-25
	10.68 FN 735212 5% 01 DEC 2034		2016-01-08	2019-10-25
	93.27 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-10-25
	66.48 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-10-25
	173.06 FN FM1000 3% 01 APR 2047		2019-07-10	2019-10-25
	18.43 FN 932837 3% 01 DEC 2025		2016-01-08	2019-10-25
	9.17 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-10-25
	19. FNMA POOL 0995203		2014-01-08	2019-10-25
	14.9 FNMA POOL 0AA4315		2014-01-08	2019-10-25
	13.51 FNMA POOL 0AC8512		2016-01-08	2019-10-25
	13.82 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-10-25
	189.97 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-10-25
	32.74 FNMA POOL 0AE3066		2014-01-08	2019-10-25
	29.28 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-10-25
	6. ANHEUSER-BUSCH INBEV SA/NV		2018-01-26	2019-11-01
	8. AIR PRODUCTS & CHEMICALS INC		2017-09-05	2019-11-06
	16. MCCORMICK & CO INC NON-VOTING		2018-10-16	2019-11-06
	2. MCDONALDS CORP		2019-08-23	2019-11-06
	4. MCDONALDS CORP		2016-01-27	2019-11-06
	16. PROCTER & GAMBLE CO		2018-12-06	2019-11-06
	21. WEC ENERGY GROUP INC		2018-10-16	2019-11-06
	3000. WALGREENS BOOTS ALLIANCE 3.8% 18 NOV 2024		2016-01-07	2019-11-06
	30. CIE FINANCIERE RICHEMONT SA		2017-09-05	2019-11-12
	3. ANHEUSER-BUSCH INBEV SA/NV		2018-11-19	2019-11-13
	16.66 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-11-15
	29.96 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-11-15
	114.87 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-11-15
	61.28 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-11-15
	33.77 FG J12243 4% 01 MAY 2025		2014-01-08	2019-11-15
	23.23 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-11-15
	30.28 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-11-15
	24.41 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-11-15
	30.91 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-11-15
	17.07 FG A95822 4% 01 DEC 2040		2014-01-08	2019-11-15
	103.77 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-11-15
	5. UBISOFT ENTERTAIN-UNSPON ADR		2018-03-28	2019-11-18
	10. UBISOFT ENTERTAIN-UNSPON ADR		2018-12-20	2019-11-18
	33. ZOZO INC -UNSP ADR		2019-08-20	2019-11-18
	6.62 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-11-25
	26.61 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-11-25
	31.73 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-11-25
	33.51 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-11-25
	26.04 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-11-25
	12.38 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-11-25
	45.36 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-11-25
	53.39 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-11-25
	94.21 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-11-25
	13.13 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-11-25
	70.67 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-11-25
	10.05 FN 735212 5% 01 DEC 2034		2016-01-08	2019-11-25
	71.36 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-11-25
	45.98 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-11-25
	188.71 FN FM1000 3% 01 APR 2047		2019-07-10	2019-11-25
	18.64 FN 932837 3% 01 DEC 2025		2016-01-08	2019-11-25
	14.91 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-11-25
	21.27 FNMA POOL 0995203		2014-01-08	2019-11-25
	16.52 FNMA POOL 0AA4315		2014-01-08	2019-11-25
	18.05 FNMA POOL 0AC8512		2016-01-08	2019-11-25
	15.51 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-11-25
	221.27 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-11-25
	25.36 FNMA POOL 0AE3066		2014-01-08	2019-11-25
	26.35 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-11-25
	15. ABN AMRO BANK NV-UNSP ADR		2019-08-19	2019-11-26
	2000. US TREASURY N/B 1.75% 30 APR 2022		2019-04-04	2019-12-11
	1000. US TREASURY N/B 1.75% 30 APR 2022		2017-03-10	2019-12-11
	3000. US TREASURY N/B 2.875% 31 JUL 2025		2019-11-06	2019-12-11
	16.79 FHLMC G07021 5.0% 9/01/39		2014-01-08	2019-12-16
	23.08 FHLMC GOLD G14953 3.5% 1/01/29		2014-01-08	2019-12-16
	110.67 FHLMC GOLD G08681 3.5% 12/01/45		2016-04-07	2019-12-16
	59.87 FG G18470 2.5% 01 JUN 2028		2016-01-08	2019-12-16
	27.82 FG J12243 4% 01 MAY 2025		2014-01-08	2019-12-16
	27.46 FG J14781 3.5% 01 MAR 2026		2016-01-08	2019-12-16
	24.38 FHLMC GOLD J17508 3.0% 12/01/26		2016-07-08	2019-12-16
	21.43 FG A86955 4.5% 01 JUN 2039		2016-01-11	2019-12-16
	11.51 FG A95090 4.5% 01 NOV 2040		2014-01-08	2019-12-16
	18.22 FG A95822 4% 01 DEC 2040		2014-01-08	2019-12-16
	92.23 FG G67709 3.5% 01 MAR 2048		2018-11-09	2019-12-16
	4. UNILEVER PLC SPONSORED ADR		2017-09-05	2019-12-18
	8.47 FEDERAL NAT'L MTGE ASSN POOL 254447		2014-01-08	2019-12-26
	27.45 FN AH3613 3.5% 01 JAN 2026		2016-01-08	2019-12-26
	23.13 FN AJ5300 4% 01 NOV 2041		2014-01-08	2019-12-26
	38.48 FN AJ7715 3% 01 DEC 2026		2016-11-07	2019-12-26
	33.84 FNMA POOL AL0065 4.5% 4/01/41		2014-01-08	2019-12-26
	10.72 FN AL2654 3% 01 NOV 2027		2014-01-08	2019-12-26
	38.77 FNMA POOL AQ0546 3.5% 11/01/42		2014-01-08	2019-12-26
	25.97 FNMA POOL # AS6191 3.5% 11/01/45		2016-03-07	2019-12-26
	61.58 FN AS9585 4% 01 MAY 2047		2018-08-10	2019-12-26
	11.2 FNMA POOL # AT2062 2.5% 4/01/28		2014-03-07	2019-12-26
	51.86 FN AU3736 3% 01 AUG 2043		2016-01-08	2019-12-26
	12.3 FN 735212 5% 01 DEC 2034		2016-01-08	2019-12-26
	82.27 FN BH9288 4% 01 FEB 2048		2018-04-10	2019-12-26
	76.09 FN CA0853 3.5% 01 DEC 2047		2018-09-12	2019-12-26
	154.43 FN FM1000 3% 01 APR 2047		2019-07-10	2019-12-26
	20.81 FN 932837 3% 01 DEC 2025		2016-01-08	2019-12-26
	8.54 FN 995082 5.5% 01 AUG 2037		2014-01-08	2019-12-26
	22.13 FNMA POOL 0995203		2014-01-08	2019-12-26
	11.59 FNMA POOL 0AA4315		2014-01-08	2019-12-26
	15.45 FNMA POOL 0AC8512		2016-01-08	2019-12-26
	15.66 FN MA1240 2.5% 01 NOV 2027		2016-01-08	2019-12-26
	163.17 FN MA3210 3.5% 01 DEC 2047		2019-04-05	2019-12-26
	27.02 FNMA POOL 0AE3066		2014-01-08	2019-12-26
	9.13 FN AE9759 4% 01 DEC 2040		2016-01-08	2019-12-26
	1. AON CORP		2019-04-09	2019-12-26
	.44 TRUIST FINANCIAL CORP		2015-03-12	2019-12-27
	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	130	201	-71
b	130	126	4
c	347	514	-167
d	96	97	-1
e	13	13
	23	23
	42	43	-1
	54	55	-1
	24	25	-1
	29	29
	31	31
	14	15	-1
	16	16
	15	15
	57	55	2
	6	6
	34	34
	18	18
	38	39	-1
	14	14
	10	10
	26	26
	13	13
	37	38	-1
	13	13
	45	46	-1
	15	16	-1
	33	34	-1
	32	32
	18	18
	9	9
	17	18	-1
	18	19	-1
	6	6
	16	17	-1
	26	26
	9	10	-1
	1,976	1,979	-3
	4,939	4,937	2
	1,002	1,001	1
	5,009	5,030	-21
	3,005	3,017	-12
	2,933	2,947	-14
	1,957	1,964	-7
	137	145	-8
	14	15	-1
	30	31	-1
	49	50	-1
	59	60	-1
	22	23	-1
	19	19
	29	30	-1
	8	9	-1
	30	31	-1
	9	9
	50	49	1
	5	5
	35	36	-1
	24	25	-1
	30	31	-1
	23	24	-1
	12	12
	18	18
	7	8	-1
	32	33	-1
	13	13
	34	35	-1
	10	11	-1
	27	27
	19	19
	12	12
	7	7
	17	18	-1
	21	21
	8	8
	20	20
	26	27	-1
	3	3
	516	470	46
	1,118	1,033	85
	1,000	1,012	-12
	1,023	1,002	21
	1,034	1,001	33
	1,030	1,051	-21
	1,016	1,037	-21
	1,007	1,003	4
	1,007	1,004	3
	1,024	1,041	-17
	969	987	-18
	2,808	2,830	-22
	7,710	7,968	-258
	359	289	70
	317	345	-28
	5,995	6,952	-957
	622	440	182
	52	49	3
	1,029	863	166
	723	695	28
	340	209	131
	239	266	-27
	457	418	39
	493	151	342
	2,988	2,259	729
	1,975	1,495	480
	308	347	-39
	253	170	83
	1,518	1,042	476
	545	362	183
	1,131	826	305
	667	625	42
	564	266	298
	1,166	1,119	47
	179	176	3
	350	326	24
	376	324	52
	334	290	44
	298	276	22
	328	393	-65
	329	344	-15
	174	180	-6
	109	111	-2
	425	408	17
	247	285	-38
	270	237	33
	428	480	-52
	67	73	-6
	201	225	-24
	255	169	86
	499	428	71
	330	167	163
	247	252	-5
	224	196	28
	336	295	41
	293	280	13
	892	797	95
	385	344	41
	490	538	-48
	262	177	85
	975	845	130
	324	344	-20
	396	376	20
	275	254	21
	530	499	31
	15	16	-1
	26	26
	56	57	-1
	64	64
	25	26	-1
	25	25
	30	31	-1
	10	11	-1
	33	34	-1
	12	12
	65	63	2
	7	8	-1
	18	19	-1
	23	23
	45	46	-1
	16	16
	9	10	-1
	20	20
	20	21	-1
	26	26
	13	13
	55	55
	21	22	-1
	34	35	-1
	39	39
	17	17
	9	9
	19	19
	18	19	-1
	11	12	-1
	16	17	-1
	31	32	-1
	3	3
	1,324	1,320	4
	721	878	-157
	721	729	-8
	1,343	668	675
	2,962	2,590	372
	161	138	23
	142	204	-62
	86	119	-33
	209	178	31
	206	178	28
	181	125	56
	205	184	21
	84	111	-27
	239	224	15
	187	204	-17
	115	95	20
	203	191	12
	71	86	-15
	121	110	11
	153	134	19
	201	230	-29
	221	244	-23
	174	213	-39
	124	162	-38
	66	100	-34
	73	122	-49
	93	84	9
	263	254	9
	209	226	-17
	201	213	-12
	90	85	5
	90	115	-25
	115	116	-1
	224	210	14
	232	249	-17
	2,836	2,856	-20
	12,879	12,901	-22
	971	1,003	-32
	1,943	1,998	-55
	15	16	-1
	27	27
	65	67	-2
	61	62	-1
	31	32	-1
	18	18
	37	37
	14	15	-1
	16	16
	12	12
	80	78	2
	9	10	-1
	21	21
	31	32	-1
	45	46	-1
	32	33	-1
	12	12
	22	22
	31	32	-1
	34	35	-1
	14	14
	45	46	-1
	11	12	-1
	41	43	-2
	45	45
	25	26	-1
	9	9
	18	18
	22	22
	10	10
	16	16
	89	90	-1
	31	31
	15	16	-1
	2,975	2,975
	982	987	-5
	1,004	1,001	3
	3,056	2,999	57
	3,023	2,981	42
	2,985	2,983	2
	112	119	-7
	178	143	35
	220	129	91
	182	125	57
	130	127	3
	283	286	-3
	219	133	86
	185	172	13
	16	16
	28	28
	72	74	-2
	69	70	-1
	27	28	-1
	22	23	-1
	36	37	-1
	15	16	-1
	19	19
	19	20	-1
	100	97	3
	157	203	-46
	11	12	-1
	25	26	-1
	34	35	-1
	34	35	-1
	28	29	-1
	12	12
	35	35
	33	34	-1
	73	75	-2
	14	14
	79	79
	12	13	-1
	80	83	-3
	29	28	1
	23	23
	11	12	-1
	21	22	-1
	14	14
	13	13
	22	22
	109	110	-1
	37	38	-1
	3	3
	189	167	22
	221	158	63
	71	44	27
	1,024	1,016	8
	2,048	2,004	44
	2,953	2,992	-39
	3,425	2,332	1,093
	735	998	-263
	1,505	890	615
	17	18	-1
	34	35	-1
	76	78	-2
	63	64	-1
	32	33	-1
	21	21
	29	29
	17	18	-1
	8	8
	13	13
	85	83	2
	996	995	1
	1,991	1,988	3
	3,000	2,999	1
	8	9	-1
	38	39	-1
	34	34
	40	41	-1
	18	19	-1
	12	13	-1
	31	31
	21	22	-1
	52	53	-1
	13	13
	59	59
	14	15	-1
	37	39	-2
	65	64	1
	19	20	-1
	9	9
	19	19
	16	16
	14	15	-1
	22	22
	98	100	-2
	30	31	-1
	10	11	-1
	138	167	-29
	229	210	19
	104	92	12
	125	162	-37
	177	290	-113
	96	111	-15
	2,997	2,997
	3,018	3,002	16
	14	15	-1
	24	24
	85	87	-2
	69	70	-1
	28	28
	29	30	-1
	28	28
	19	20	-1
	16	16
	19	20	-1
	104	101	3
	3,523	4,089	-566
	1,237	842	395
	2,298	2,375	-77
	335	323	12
	8	8
	21	22	-1
	27	27
	43	44	-1
	22	23	-1
	12	12
	23	23
	42	43	-1
	46	47	-1
	15	15
	70	70
	9	9
	53	55	-2
	60	60
	163	165	-2
	15	15
	9	9
	19	20	-1
	21	21
	14	15	-1
	15	15
	144	145	-1
	31	32	-1
	18	18
	221	299	-78
	3,023	2,958	65
	3,131	2,960	171
	19	20	-1
	26	26
	96	98	-2
	62	63	-1
	27	27
	24	25	-1
	34	34
	19	20	-1
	44	45	-1
	15	15
	108	106	2
	9	9
	23	23
	34	35	-1
	34	35	-1
	22	22
	13	13
	35	35
	20	20
	57	58	-1
	15	15
	64	65	-1
	8	9	-1
	51	52	-1
	71	71
	179	181	-2
	28	28
	17	18	-1
	19	20	-1
	17	17
	12	12
	24	24
	145	147	-2
	25	26	-1
	18	19	-1
	13,290	12,829	461
	2,045	2,004	41
	293	299	-6
	220	263	-43
	16	17	-1
	30	31	-1
	102	105	-3
	69	70	-1
	22	23	-1
	29	30	-1
	33	34	-1
	17	18	-1
	19	19
	15	15
	74	72	2
	175	195	-20
	210	196	14
	35	33	2
	75	72	3
	8	8
	30	30
	18	18
	39	40	-1
	22	22
	12	12
	32	32
	35	36	-1
	62	63	-1
	12	12
	66	67	-1
	11	11
	93	96	-3
	66	66
	173	175	-2
	18	19	-1
	9	10	-1
	19	20	-1
	15	15
	14	14
	14	14
	190	192	-2
	33	33
	29	30	-1
	475	701	-226
	1,750	1,112	638
	2,550	2,177	373
	389	439	-50
	777	473	304
	1,918	1,473	445
	1,922	1,446	476
	3,067	2,969	98
	215	268	-53
	238	230	8
	17	17
	30	30
	115	118	-3
	61	62	-1
	34	34
	23	24	-1
	30	31	-1
	24	26	-2
	31	32	-1
	17	17
	104	101	3
	54	85	-31
	109	153	-44
	134	129	5
	7	7
	27	27
	32	32
	34	34
	26	27	-1
	12	12
	45	45
	53	55	-2
	94	96	-2
	13	13
	71	71
	10	11	-1
	71	73	-2
	46	46
	189	191	-2
	19	19
	15	16	-1
	21	22	-1
	17	17
	18	19	-1
	16	16
	221	224	-3
	25	26	-1
	26	27	-1
	258	276	-18
	2,005	1,975	30
	1,002	988	14
	3,187	3,188	-1
	17	17
	23	23
	111	113	-2
	60	60
	28	28
	27	28	-1
	24	25	-1
	21	22	-1
	12	12
	18	18
	92	90	2
	223	232	-9
	8	9	-1
	27	28	-1
	23	23
	38	39	-1
	34	35	-1
	11	11
	39	39
	26	27	-1
	62	63	-1
	11	11
	52	52
	12	13	-1
	82	84	-2
	76	76
	154	156	-2
	21	21
	9	9
	22	23	-1
	12	12
	15	16	-1
	16	16
	163	165	-2
	27	27
	9	9
	207	172	35
	25	14	11
			269

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			-71
b			4
c			-167
d			-1
e

			-1
			-1
			-1


			-1


			2



			-1




			-1

			-1
			-1
			-1



			-1
			-1

			-1

			-1
			-3
			2
			1
			-21
			-12
			-14
			-7
			-8
			-1
			-1
			-1
			-1
			-1

			-1
			-1
			-1

			1

			-1
			-1
			-1
			-1


			-1
			-1

			-1
			-1




			-1



			-1

			46
			85
			-12
			21
			33
			-21
			-21
			4
			3
			-17
			-18
			-22
			-258
			70
			-28
			-957
			182
			3
			166
			28
			131
			-27
			39
			342
			729
			480
			-39
			83
			476
			183
			305
			42
			298
			47
			3
			24
			52
			44
			22
			-65
			-15
			-6
			-2
			17
			-38
			33
			-52
			-6
			-24
			86
			71
			163
			-5
			28
			41
			13
			95
			41
			-48
			85
			130
			-20
			20
			21
			31
			-1

			-1

			-1

			-1
			-1
			-1

			2
			-1
			-1

			-1

			-1

			-1



			-1
			-1




			-1
			-1
			-1
			-1

			4
			-157
			-8
			675
			372
			23
			-62
			-33
			31
			28
			56
			21
			-27
			15
			-17
			20
			12
			-15
			11
			19
			-29
			-23
			-39
			-38
			-34
			-49
			9
			9
			-17
			-12
			5
			-25
			-1
			14
			-17
			-20
			-22
			-32
			-55
			-1

			-2
			-1
			-1


			-1


			2
			-1

			-1
			-1
			-1


			-1
			-1

			-1
			-1
			-2

			-1





			-1

			-1

			-5
			3
			57
			42
			2
			-7
			35
			91
			57
			3
			-3
			86
			13


			-2
			-1
			-1
			-1
			-1
			-1

			-1
			3
			-46
			-1
			-1
			-1
			-1
			-1


			-1
			-2


			-1
			-3
			1

			-1
			-1



			-1
			-1

			22
			63
			27
			8
			44
			-39
			1,093
			-263
			615
			-1
			-1
			-2
			-1
			-1


			-1


			2
			1
			3
			1
			-1
			-1

			-1
			-1
			-1

			-1
			-1


			-1
			-2
			1
			-1



			-1

			-2
			-1
			-1
			-29
			19
			12
			-37
			-113
			-15

			16
			-1

			-2
			-1

			-1

			-1

			-1
			3
			-566
			395
			-77
			12

			-1

			-1
			-1


			-1
			-1



			-2

			-2


			-1

			-1

			-1
			-1

			-78
			65
			171
			-1

			-2
			-1

			-1

			-1
			-1

			2


			-1
			-1




			-1

			-1
			-1
			-1

			-2

			-1
			-1



			-2
			-1
			-1
			461
			41
			-6
			-43
			-1
			-1
			-3
			-1
			-1
			-1
			-1
			-1


			2
			-20
			14
			2
			3



			-1



			-1
			-1

			-1

			-3

			-2
			-1
			-1
			-1



			-2

			-1
			-226
			638
			373
			-50
			304
			445
			476
			98
			-53
			8


			-3
			-1

			-1
			-1
			-2
			-1

			3
			-31
			-44
			5




			-1


			-2
			-2


			-1
			-2

			-2

			-1
			-1

			-1

			-3
			-1
			-1
			-18
			30
			14
			-1


			-2


			-1
			-1
			-1


			2
			-9
			-1
			-1

			-1
			-1


			-1
			-1


			-1
			-2

			-2


			-1

			-1

			-2


			35
			11

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	7,691
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	33,112	601,517	0.055047
2017	32,402	615,945	0.052605
2016	36,604	602,460	0.060758
2015	36,330	645,919	0.056245
2014	685	449,580	0.001524

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

0.226179

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 ......

0.045236

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

600,334

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

27,157

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

148

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

27,305

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

32,533

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	148
	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	0
3	Add lines 1 and 2...........................	3	148
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	148
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	180
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	180
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	32
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax32	Refunded	11	0

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

N/A

The books are in care of bullet

REGIONS BANK Telephone no. bullet

(205) 420-7753

Located at bullet

201 MILAN PKWYBIRMINGHAMAL ZIP+4 bullet

35211

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
REGIONS BANK	TRUSTEE 1	5,994
201 MILAN PKWY BIRMINGHAM,AL35211	TRUSTEE 1	5,994

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


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2019)

Page 7

Part VIII

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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


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

609,476

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

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

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

609,476

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

609,476

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

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

9,142

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

600,334

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

30,017

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

30,017

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

148

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

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

148

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

29,869

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

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

29,869

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

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

29,869

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 ..........

32,533

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

32,533

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

148

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

32,385

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (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					29,869
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	1,670
fTotal of lines 3a through e........		1,670
4Qualifying distributions for 2019 from Part
XII, line 4: $ 32,533
a Applied to 2018, 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 2019 distributable amount.....					29,869
e Remaining amount distributed out of corpus		2,664
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		4,334
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					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 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		4,334
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	1,670
e Excess from 2019....	2,664

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).)

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

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
JEFFERSON CHRISTIAN ACADEMY 1500 HERITAGE PLACE DR IRONDALE,AL35210	NONE	PC	GENERAL OPERATING	30,534
Total ................................. 3a				30,534

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	13,961
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	7,691
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)..				21,652

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

21,652

(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)

Additional Data

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Form 990PF - Special Condition Description:

Special Condition Description