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 08-01-2018 , and ending 07-31-2019
Name of foundation
The Kaplen Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 792
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tenafly, NJ07670
A Employer identification number

22-6048152
B Telephone number (see instructions)

(201) 227-0722
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$87,842,276J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 895,676
2 Check bullet.............
3 Interest on savings and temporary cash investments 865,461 865,461 865,461
4 Dividends and interest from securities... 906,640 906,640 906,640
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,968,902
b Gross sales price for all assets on line 6a 12,025,687
7 Capital gain net income (from Part IV, line 2)... 3,968,902
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 6,636,679 5,741,003 1,772,101
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 159,725 15,973   143,752
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 48,000     48,000
c Other professional fees (attach schedule).... Click to see attachment 217,538 217,538    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,729 1,073   9,656
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 103,241     103,241
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 539,233 234,584   304,649
25 Contributions, gifts, grants paid....... 4,139,105 4,139,105
26 Total expenses and disbursements. Add lines 24 and 25 4,678,338 234,584   4,443,754
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,958,341
b Net investment income (if negative, enter -0-) 5,506,419
c Adjusted net income (if negative, enter -0-)... 1,772,101
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............. 81,609 640,186 640,187
2 Savings and temporary cash investments......... 1,263,486 2,376,793 2,376,794
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) 4,528,565 Click to see attachment4,886,255 5,170,897
b Investments—corporate stock (attach schedule)....... 31,097,565 Click to see attachment31,776,083 46,987,923
c Investments—corporate bonds (attach schedule)....... 33,184,152 Click to see attachment32,290,673 32,664,475
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,000 Click to see attachment2,000 Click to see attachment2,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 70,157,377 71,971,990 87,842,276
Liabilities 17 Accounts payable and accrued expenses.......... 3,234 3,234
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)......... 3,234 3,234
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 67,856,115 70,182,429
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 2,298,028 1,786,327
30 Total net assets or fund balances (see instructions)..... 70,154,143 71,968,756
31 Total liabilities and net assets/fund balances (see instructions). 70,157,377 71,971,990
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
70,154,143
2
Enter amount from Part I, line 27a .....................
2
1,958,341
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
72,112,484
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
143,728
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
71,968,756
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 250000 Barclays Bank P 2014-07-29 2019-07-30
b 500000 US Treasury Note P 2017-11-14 2019-07-18
c 500000 US Treasury Note P 2017-11-14 2019-07-29
d Amount Passed Through K-1 Received P 2017-07-31 2019-07-31
e 2618 Vanguard Institutional Index Fund P 2017-07-31 2019-06-20
144 Cisco Systems P 2017-07-31 2019-03-29
0.4 Alcon P 2017-07-31 2019-04-12
1954 HSBC Holdings P 2017-07-31 2019-03-29
767 Novartis P 2017-07-31 2019-03-29
570 Cisco Systems P 2017-07-31 2019-05-15
412 Alcon P 2017-07-31 2019-06-19
72 Alphabet P 2017-07-31 2019-06-19
375 American Express P 2017-07-31 2019-06-19
50 Autozone P 2017-07-31 2019-06-19
895 BNY Mellon P 2017-07-31 2019-06-19
1310 Cisco Systems P 2017-07-31 2019-06-19
1228 Glaxo SmithKline P 2017-07-31 2019-06-19
580 Novartis P 2017-07-31 2019-06-19
140 3M Company P 2017-07-31 2019-06-19
460 Wells Fargo P 2017-07-31 2019-06-19
25117 TB Global Value Fund P 2017-07-31 2019-06-21
45 Autozone P 2017-07-31 2019-07-19
August 2018 - Summary of Trades - Weatherbie P 2017-07-31 2018-08-31
September 2018 - Summary of Trades - Weatherbie P 2017-07-31 2018-09-30
October 2018 - Summary of Trades - Weatherbie P 2017-07-31 2018-10-31
November 2018 - Summary of Trades - Weatherbie P 2017-07-31 2018-11-30
December 2018 - Summary of Trades - Weatherbie P 2017-07-31 2018-12-31
January 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-01-31
February 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-02-28
March 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-03-31
April 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-04-30
May 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-05-31
June 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-06-30
July 2019 - Summary of Trades - Weatherbie P 2017-07-31 2019-07-31
(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 250,000   250,000  
b 505,542   496,253 9,289
c 505,934   496,252 9,682
d     160,259 -160,259
e 700,000   275,996 424,004
7,723   2,718 5,005
22   9 13
79,356   83,352 -3,996
73,814   31,090 42,724
29,848   10,760 19,088
24,205   9,251 14,954
79,021   20,489 58,532
46,730   11,450 35,280
55,464   26,794 28,670
38,436   16,936 21,500
73,603   24,729 48,874
49,772   53,934 -4,162
52,794   19,193 33,601
23,903   6,858 17,045
21,275   14,233 7,042
700,000   649,291 50,709
52,964   24,114 28,850
377,870   181,048 196,822
409,916   316,568 93,348
623,254   413,513 209,741
459,609   439,672 19,937
521,728   456,036 65,692
389,338   405,031 -15,693
887,027   737,361 149,666
1,112,297   386,376 725,921
392,286   295,827 96,459
479,219   367,164 112,055
526,000   383,302 142,698
1,326,183   990,926 335,257
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        
b       9,289
c       9,682
d       -160,259
e       424,004
      5,005
      13
      -3,996
      42,724
      19,088
      14,954
      58,532
      35,280
      28,670
      21,500
      48,874
      -4,162
      33,601
      17,045
      7,042
      50,709
      28,850
      196,822
      93,348
      209,741
      19,937
      65,692
      -15,693
      149,666
      725,921
      96,459
      112,055
      142,698
      335,257
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 3,968,902
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 5,363,844 85,025,533 000.063085
2016 4,937,589 54,471,715 000.090645
2015 4,668,847 48,524,956 000.096215
2014 2,688,935 47,425,738 000.056698
2013 6,052,007 49,513,964 000.122228
2
Total of line 1, column (d) .....................
2
000.428871
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
000.085774
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
86,014,504
5
Multiply line 4 by line 3......................
5
7,377,808
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
55,064
7
Add lines 5 and 6........................
7
7,432,872
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,443,754
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 1 110,128
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  
3 Add lines 1 and 2........................... 3 110,128
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 110,128
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 176,068
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 176068 7 176,068
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 65,940
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet65,940 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
     
    No
    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)
    bulletNJ
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbullet   Telephone no.bullet (201) 227-0722

    Located atbulletPO Box 792TenaflyNJ ZIP+4bullet07670
    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
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Margaret Kaplen Trustee / President
    040.00     		58,300    
    PO Box 792
    Tenafly,NJ07670
    Nancy Sutherland Trustee / Secretary
    040.00     		93,925    
    PO Box 792
    Tenafly,NJ07670
    Andrew V Schnurr Jr Trustee / Vice President
    001.00     		2,500    
    PO Box 792
    Tenafly,NJ07670
    Peter G Tate Trustee / Vice President
    001.00     		2,500    
    PO Box 792
    Tenafly,NJ07670
    James Tate Trustee / Vice President
    001.00     		2,500    
    PO Box 792
    Tenafly,NJ07670
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Tweedy Browne LLC Investment Advisors 41,666
    350 Park Avenue 9th Floor
    New York,NY10021
    Janus Capital Management Investment Advisors 45,270
    100 Fillmore Street
    Denver,CO80206
    MA Weatherbie Co Investment Advisors 121,898
    265 Franklin Street
    Boston,MA02110
    PNC Bank Investment Advisors 8,704
    2 Tower Center Boulevard
    East Brunswick,NJ08816
    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 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    84,823,295
    b
    Average of monthly cash balances.......................
    1b
    2,501,075
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    87,324,370
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    87,324,370
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    1,309,866
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    86,014,504
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,300,725
    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
    4,300,725
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    110,128
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    110,128
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,190,597
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,190,597
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,190,597
    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 Click to see attachment..........
    1a
    4,443,754
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    4,443,754
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,443,754
    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 4,190,597
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2014, 2015, 2016 2,622,385
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 3,658,939
    b From 2014...... 364,410
    c From 2015......  
    d From 2016...... 2,257,975
    e From 2017...... 1,182,697
    fTotal of lines 3a through e........ 7,464,021
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,443,754
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 4,190,597
    e Remaining amount distributed out of corpus 253,157
    5 Excess distributions carryover applied to 2018.    
    (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 7,717,178
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		2,622,385
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		2,622,385
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		3,658,939
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		4,058,239
    10 Analysis of line 9:
    a Excess from 2014.... 364,410
    b Excess from 2015....  
    c Excess from 2016.... 2,257,975
    d Excess from 2017.... 1,182,697
    e Excess from 2018.... 253,157
    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).)
    None
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    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 (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
    American Foundation For Bulgaria Inc
    PO Box 231160
    New York,NY10023     		None PC General Support 500
    Bergen Family Services- HIPPY
    44 Armory St
    Englewood,NJ07631     		None PC General Support 11,000
    Bergen Performing Arts Center Inc
    30 North Van Brunt St
    Englewood,NJ07631     		None PC General Support 325,000
    The City College Fund
    160 Covent Ave
    New York,NY10031     		None PC General Support 1,000
    Univ of the Cumberlands Cumberland College
    6191 Clooege Station Dr
    Williamsburg,KY40769     		None PC General Support 1,000
    Dominican College of Blauvelt
    10 Western Highway
    Orangeburg,NY10962     		None PC General Support 100,000
    The Hadley School for the Blind
    700 Elm St
    Winnetka,IL60093     		None PC General Support 1,000
    The Jewish Braille Institute Intl
    110 East 30th St
    New York,NY10016     		None PC General Support 1,000
    Longboat Key Education Center
    5370 Gulf of Mexico Dr Ste 212
    Longboat Key,FL34228     		None PC General Support 500
    OutwardBound USA
    119 West 24th St 4th Flr
    New York,NY10011     		None PC General Support 6,000
    Parsons Dance Foundation
    229W 42nd St 8th flr
    New York,NY10036     		None PC General Support 3,500
    Project Literacy of Greater Bergen County
    355 Main Street
    Hackensack,NJ07601     		None PC General Support 1,000
    The Public Theater
    425 Lafayette St
    New York,NY10003     		None PC General Support 2,500
    Roundabout Theatre Co
    231W 39th St Ste 1200
    New York,NY10018     		None PC General Support 275,000
    Sarasota Film Society
    10715 Rodeo Dr 8
    Lakewood Ranch,FL34202     		None PC General Support 50
    Southern Poverty Law Center
    400 Washington Ave PO Box 548
    Montgomery,AL36101     		None PC General Support 10,000
    Statue of Liberty- Ellis island Foundation Inc
    PO Box 5202
    New York,NY10275     		None PC General Support 1,000
    Tenafly Educational Foundation
    PO Box 384
    Tenafly,NJ07670     		None PC General Support 1,000
    US Holocaust Memorial Museum
    100Raoul Wallenberg Pl SW
    Washington,DC20024     		None PC General Support 1,000
    Westcoast Black Theatre Troupe
    1012 N Orange Ave
    Sarasota,FL34236     		None PC General Support 1,000
    West Side Infant and Teen Parent Program
    192 Demarest Ave
    Englewood,NJ07631     		None PC General Support 20,000
    Adler Aphasia Center
    60 West Hunter Ave
    Maywood,NJ07607     		None PC General Support 75,000
    Alzheimer's New Jersey Inc
    425 Eagle Rock Ave Ste 203
    Roseland,NJ07068     		None PC General Support 1,000
    American Cancer Society
    1851 Old Cuthbert Rd
    Cherry Hill,NJ08034     		None PC General Support 1,000
    American Heart Association
    1 Union St 301
    Robbinsville,NJ08691     		None PC General Support 1,000
    American Lung Assocaition
    PO Box 7000
    Albert Lea,MN56007     		None PC General Support 150
    The Arnold P Gold Foundation Inc
    260 Lincoln Street
    Englewood,NJ07631     		None PC General Support 51,000
    Bergen Volunteer Medical Initiative Inc
    241 Moore St Ste 101
    Hackensack,NJ07601     		None PC General Support 15,750
    Brain and Behavior Research Foundation
    60 Cutter Mill Rd Ste 404
    Great Neck,NY11021     		None PC General Support 30,000
    Children's Aid and Family Services
    200 Robin Road
    Paramus,NJ07652     		None PC General Support 1,000
    CTC Academy
    29-01 Berkshire Rd
    Fairlawn,NJ07410     		None PC General Support 1,000
    Community Blood Services Foundation
    102 Chestnut Ridge Rd
    Montvale,NJ07645     		None PC General Support 1,000
    Crohn's & Colitis Fdn of America Inc
    444 Park Ave South 2nd flr
    New York,NY10016     		None PC General Support 1,000
    Deborah Hospital Foundation
    20 Pine Mill Road
    Browns Mills,NJ08015     		None PC General Support 1,000
    Englewood Health Foundation
    350 Engle Street
    Englewood,NJ07631     		None PC General Support 260,600
    Food and Allergy Research and Education
    515 Madison Ave Ste 1912
    New York,NY10022     		None PC General Support 1,000
    Healing the Children North East Inc
    PO Box 129
    New Milford,CT06776     		None PC General Support 1,000
    Memorial Sloan Kettering Cancer Center
    PO Box 27106
    New York,NY10087     		None PC General Support 100
    Muscular Dystrophy Association
    c/o Tenafly Letter Carriers PO Box
    Springfield,NJ07081     		None PC General Support 100
    NYP Fund Inc Geriatric Emergency Div
    850 Third Ave 12th Flr
    New York,NY10022     		None PC General Support 100
    Pediatric Brain Tumor Foundation of the US
    302 Ridgefield Ct
    Ashville,NC28806     		None PC General Support 2,000
    Planned Parenthold of Northern Central Southern NJ
    196 Speedwell Ave 2nd flr
    Morristown,NJ07960     		None PC General Support 10,000
    Play for PINK
    175 East 74th St 17B
    New York,NY10021     		None PC General Support 10,000
    St Judes Children's Rsearch Hospital
    501 St Jude Place
    Memphis,TN38105     		None PC General Support 100
    Visiting Nurse Association Health Group
    23 Main Str D1
    Homdel,NJ07733     		None PC General Support 10,000
    West Bergen Mental Healthcare
    120 Chestnut St
    Ridgewood,NJ07450     		None PC General Support 1,000
    American Jewish Committee
    165E 56th Street
    New York,NY10022     		None PC General Support 500,000
    Anti Defamation League
    605 3rd Avenue
    New York,NY10158     		None PC General Support 50,000
    Boys Town Jerusalem
    12W 31st St Ste300
    New York,NY10001     		None PC General Support 10,000
    Chatham Synagogue
    Box 51 1536 Rt 28
    Chatham,NY12037     		None PC General Support 1,000
    Daughters of Miriam Center for the Aged
    PO Box 2698 155 Hazel St
    Clifton,NJ07015     		None PC General Support 1,000
    Friends of Yad Lakashish- Lifeline for the Old
    PO Box 494
    Englewood,NJ07631     		None PC General Support 1,000
    J-ADD
    190 Moore St Ste 410
    Hackensack,NJ07601     		None PC General Support 1,000
    Kaplen JCC on the Palisades
    411 E Clinton Ave
    Tenafly,NJ07670     		None PC General Support 605,150
    Jewish Family & Children's Services of Northern NJ
    1485 Teaneck Rd
    Teaneck,NJ07666     		None PC General Support 2,900
    Jewish Federation of Northern New Jersey
    50 Eisenhower Dr
    Paramus,NJ07652     		None PC General Support 450,850
    The Jewish Historical Society of Northern Jersey
    680 Broadway Ste 2
    Paterson,NJ07514     		None PC General Support 500
    Jewish Home Foundation
    10 Link Drive
    Rockleight,NJ07647     		None PC General Support 1,102,100
    NCJW BCS co Tobey Weiss
    595 Albin Street
    Teaneck,NJ07666     		None PC General Support 1,060
    St Ephrem Catholic Academy
    924-74th Street
    Brooklyn,NY11228     		None PC General Support 100
    Temple Beth Israel
    567 Bay Isles Road
    Lonboat Key,FL34228     		None PC General Support 5,555
    Temple Sinai of Bergen County
    1 Engle Street
    Tenafly,NJ07670     		None PC General Support 6,680
    Bancroft Development Office
    1255 Caldwell Rd
    Cherry Hill,NJ08034     		None PC General Support 500
    American Society for the Protection of Nature in Israel
    288 Arrandale Ave
    Great Neck,NY11024     		None PC General Support 5,000
    Bergen Volunteer Center
    64 Passaic Street
    Hackensack,NJ07601     		None PC General Support 2,500
    Catching the Dream
    8200 Mountain Rd NE Ste 103
    Albuquerque,NM87110     		None PC General Support 1,000
    Center for Food Action
    192 W Demarest Ave
    Englewood,NJ07631     		None PC General Support 40,000
    Center for Hope and Safety
    12 Overlook Ave Ste A
    Rochelle Park,NJ07662     		None PC General Support 1,000
    Children's Love Fund
    PO Box 327
    Midland Park,NJ07432     		None PC General Support 100
    The Community Chest
    122 South van Brunt St
    Englewood,NJ07630     		None PC General Support 1,000
    Community Resource Council
    387 Main Street
    Hackensack,NJ07601     		None PC General Support 400
    The Defining Moment Foundation
    126 Chestnut St
    Englewood,NJ07631     		None PC General Support 10,000
    Exponent Philanthropy
    1720 N Street NW
    Washington,DC20036     		None PC General Support 2,250
    Family Promise of Bergen County
    479 Maitland Ave
    Teaneck,NJ07666     		None PC General Support 6,000
    First Friends NJ NY
    53 S Hackensack Ave
    Kearny,NJ07032     		None PC General Support 500
    Forgotten Felines
    PO Box 734 5 Carter Hill Rd
    Clinton,CT06413     		None PC General Support 1,000
    Fresh Air Fund
    633 3rd Ave 14th Flr
    New York,NY10164     		None PC General Support 1,000
    North Jersey Friendship House
    125 Atlantic Ave
    Hackensack,NJ07601     		None PC General Support 31,000
    Galapagos Conservancy
    11150 Fairfax Blvd Ste 408
    Fairfax,VA22030     		None PC General Support 1,000
    HIP
    131 Main St Ste 120
    Hackensack,NJ07601     		None PC General Support 1,000
    MADD
    511 E John Carpenter Freeway Ste 70
    Irving,TX75062     		None PC General Support 1,000
    One Safe Place
    PO Box 991060
    Redding,CA96099     		None PC General Support 5,000
    Philanthropy Roundtable
    1730 M St NW Ste 601
    Washington,DC20077     		None PC General Support 1,000
    Plan International USA
    155 Plan Way
    Warwick,RI02886     		None PC General Support 360
    Prisoner Visitation & Support
    1501 Cherry St
    Philadelphia,PA19102     		None PC General Support 800
    Rotary Club of Englewood
    PO Box 412
    Englewood,NJ07631     		None PC General Support 200
    Selby Gardens
    900 So Palm Ave
    Sarasota,FL34236     		None PC General Support 150
    Southeast Senior Center for Independent Living
    228 Grand Avenue
    Englewood,NJ07631     		None PC General Support 16,000
    Special Olympics
    PO Box 3589
    Princeton,NJ08543     		None PC General Support 1,000
    Spectrum for Living Developments Inc
    210 Rivervale Rd Ste 3
    River Vale,NJ07675     		None PC General Support 1,000
    Tenafly Fire Association
    100 Riveredge Rd
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Lions Club
    PO Box 102
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Library Friends
    100 Riveredge Rd
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Nature Center
    313 Hudson Ave
    Tenafly,NJ07670     		None PC General Support 1,000
    Tenafly Volunteer Ambulance Assocaition
    PO Box 355
    Tenafly,NJ07670     		None PC General Support 500
    Thirteen- WNET
    Worldwide Plaza 825 8th Ave
    New York,NY10019     		None PC General Support 25,000
    Total .................................bullet 3a 4,139,105
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 865,461  
    4 Dividends and interest from securities....     14 906,640  
    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 3,968,902  
    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)..   5,741,003  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,741,003
    (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: 18007340
    Software Version: 19.1.1.0
    Part VI Line 7 - Tax Paid with the Original Return: 176,068


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    The Kaplen Foundation
     
    Employer identification number

    22-6048152
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    The Kaplen Foundation
          		Employer identification number
    22-6048152
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Estate of Wilson R Kaplen  
    PO Box 792
     
    Tenafly, NJ07670

    		$ 895,676


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    The Kaplen Foundation
          		Employer identification number

    22-6048152
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    The Kaplen Foundation
          		Employer identification number

    22-6048152
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID: 18007340
    Software Version: 19.1.1.0

    TY 2018 AccountingFeesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Andrew V Schnurr 48,000     48,000

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Enerbank USA UT 111,000 111,008
    State Bk India New York NY 250,000 249,990
    Target Corp 362,259 366,368
    Merck Co Inc New 361,630 368,679
    Att Inc 360,190 367,473
    Merck Co Inc 337,361 339,177
    Verizon Communications Inc 355,886 356,548
    Capital One Natl Assn Mclean 250,000 252,240
    Capital One BK USA Natl Assn 222,000 223,989
    JPMorgan Chase Co 354,283 355,486
    Wal Mart Stores Inc 373,688 379,388
    Att Inc 333,365 346,431
    Interaudi Bk New York NY 250,000 250,163
    Apple Inc 356,748 357,947
    Wells Fargo Co New 368,531 381,889
    ConocoPhillips Co 360,584 379,064
    Exxon Mobil Corp 359,781 379,137
    Johnson Johnson 358,244 370,779
    General Electric Company 256,874 242,183
    PNC Ultra Short Bond 3,000,000 3,015,136
    PNC Total Return Advantage Fund 4,500,000 4,575,349
    American Express Bank 250,000 250,000
    First State Bank 250,000 250,000
    Peoples United Bank NA 250,000 250,055
    Choice Bank 250,000 250,068
    First Eagle Bank 250,000 250,063
    Washington Trust Co 250,000 250,068
    Synchrony Bank 250,000 250,598
    Kimberly Clark Corp 257,633 258,682
    Celtic Bank 250,000 250,910
    Landmark Cmnty Bank 250,000 250,910
    CIT Bank 250,000 252,738
    Goldman Sachs Bank 250,000 251,803
    Ally Bank 250,000 250,920
    BMW Bank North America 250,000 257,435
    U S Treasury Note 248,999 251,143
    Chevron Corp New 359,450 367,431
    Stearns Bank NA 250,000 249,808
    Anhueser Busch Inbev 503,156 503,815
    HSBC Bank USA NA 250,000 244,013
    JPMorgan Chase Bank NA 250,000 244,170
    Comenity Capital Bank 250,000 261,695
    Live Oak Banking Co 250,000 250,988
    First Internet Bank 250,000 250,465
    First Natl Bank of America 250,000 249,963
    Marriott Intl Inc 116,031 119,888
    Qualcomm Inc 245,955 253,898
    Parkside Finl BT 223,000 222,775
    JPMorgan Chase Co 251,400 262,408
    FEDL Home Loan Bank 1,199,105 1,200,036
    American Express Co 503,887 509,490
    Signature Bank 250,000 250,360
    First Bk of Highland Pk 250,000 251,615
    Johnson Johnson 251,552 254,310
    Apple Inc 998,705 1,008,300
    Merck Co Inc 1,010,608 1,021,600
    Microsoft Corp 1,514,013 1,534,560
    Exxon Mobil Corp 1,014,817 1,021,160
    Genl Motors Co 247,805 254,660
    Genl Mills Inc 252,314 265,330
    Commercial Bank 250,000 261,815
    Coca Cola Co 1,017,958 1,032,080
    First Business Bank 250,000 250,253
    Att Inc 249,805 267,528
    Citibank NA 250,000 257,170
    Fedl Farm Credit Bank 695,539 700,000
    CVS Hlth Corp 250,255 247,488
    Intl Paper Co 251,568 249,175
    Merrick Bank 250,000 248,388
    Wells Fargo Bank NA 250,000 251,083
    Vanguard Short Term 394,694 402,940

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    45 shares of Autozone Inc 24,114 50,537
    6635 shares of MRC Global Inc 87,070 103,771
    975 shares of Diageo PLC 27,976 162,708
    2555 shares of Heineken NV 40,851 138,174
    2091 shares of Nestle S.A. 38,186 221,813
    2402 shares of Unilever NV New York Shares New 46,304 138,692
    1080 shares of American Express Co 31,751 134,320
    1569 shares of Bank New York Mellon Corp 29,691 73,618
    1 shares of Berkshire Hathaway Inc Del 76,956 308,666
    4379 shares of Wells Fargo 121,408 211,987
    1380 shares of Johnson Johnson 84,762 179,704
    1482 shares of Novartis AG 47,765 135,722
    6275 shares of CNH Industrial NV 62,541 63,440
    391 shares of 3M Company 17,896 68,316
    1200 shares of Cisco System Inc 22,540 66,480
    1190 shares of Sina Corporation 69,892 46,553
    72 shares of Alphabet Inc 20,486 87,601
    2235 shares of WPP Plc 200,712 131,595
    66354 shares of Vanguard Dividend Growth Fund 980,306 1,983,998
    6983 shares of Vanguard Index TR 722,088 1,922,298
    13333 shares of Vanguard FD Total Intl 361,044 370,397
    5465 shares of Canada Goose Holdings 153,406 255,707
    3675 shares of Linblad Expeditions Holdings 56,441 69,200
    4235 shares of Ollie s Bargain Outlet Holdings 198,861 358,662
    6858 shares of Petiq Inc 172,765 234,818
    7234 shares of Planet Fitness Inc 271,505 569,026
    2081 shares of 2U Inc 58,541 26,637
    3362 shares of Wayfair Inc 380,715 440,960
    3708 shares of Glaukos Corp 235,348 302,869
    6795 shares of Nevro Corp 313,557 454,314
    5551 shares of Solaris Oilfield Infrastructure 106,173 79,435
    977 shares of Axos Financial Inc 8,626 28,636
    671 shares of Ehealth Inc 70,182 69,616
    4115 shares of Hamilton Lane Inc 219,160 241,551
    3031 shares of Independent Bank Group Inc 147,821 172,191
    948 shares of Signature Bk New York N Y 25,033 120,832
    3173 shares of Acadia Pharma Inc 62,260 77,992
    5909 shares of Acorda Therapeutics Inc 104,900 40,949
    1754 shares of Aerie Pharma Inc 73,522 38,009
    22292 shares of Dermira Inc 227,240 196,393
    4208 shares of Insulet Corp 132,645 517,332
    11315 shares of Portola Pharma Inc 281,224 301,884
    7994 shares of Puma Biotechnology Inc 322,694 77,142
    2053 shares of U S Physical Theraphy 186,250 265,001
    852 shares of Ultragenyx Pharma Inc 39,516 51,342
    4765 shares of Altair Engineering Omc 170,818 198,272
    10211 shares of Casella Waste Sys Inc 346,103 445,200
    3592 shares of Heico Corp New 47,732 491,206
    10006 shares of Kratos Defense 117,293 246,648
    1621 shares of Middleby Corp 44,898 217,830
    5491 shares of Paylocity Holdings Corp 134,827 560,576
    3688 shares of Siteone Landscape Supply Inc 155,562 272,433
    1456 shares of XPO Logistics Inc 43,101 98,251
    2324 shares of Globant SA 65,606 246,344
    3312 shares of Avalara Inc 113,006 269,862
    1843 shares of Care Com Inc 30,533 20,199
    16518 shares of Chegg Inc 174,053 741,989
    5154 shares of Ebix Inc 285,633 237,239
    1871 shares of Epam Systems Inc 76,327 362,581
    4926 shares of Everbridge Inc 72,364 503,930
    895 shares of Hubspot Inc 48,242 159,954
    760 shares of ImpInj Inc 16,772 27,512
    1591 shares of Novanta Inc 96,195 133,787
    2698 shares of Rapid7 Inc 143,656 163,634
    2016 shares of SPS Commerce Inc 133,961 225,449
    13651 shares of Telaria Inc 100,247 110,573
    1453 shares of Trade Desk Inc 49,549 382,589
    2722 shares of Zoura Inc 49,548 40,857
    7190 shares of First Service Corp 138,357 754,015
    2 shares of Eventbrite Inc 46 35
    2090 shares of Nlight Inc 38,515 34,360
    Janus Hemderson International Research 4,989,540 4,989,540
    103654 shares of TB Global Value Fund 2,167,806 2,849,443
    214183 shares of TB Global Value Fund 5,794,900 5,887,885
    181055 shares of Tweedy Browne Value Fund 3,839,278 3,602,999
    35984 shares of Vanguard Institutional Index Find 4,353,068 9,720,431
    3000 shares of ConocoPhillips 184,549 177,240
    3000 shares of Intel Corp 75,180 151,650
    3000 shares of JPMorgan Chase Co 161,126 348,000
    3770 shares of Mondelez International Inc 111,479 201,657
    3657 shares of Newell Brands Inc 125,344 51,893
    2500 shares of Phillips 66 160,884 256,400
    1500 shares of Qualcomm Inc 90,161 109,741
    600 shares of 3M Company 67,100 104,831

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    US Government Securities - End of Year Book Value:

    550,040
    US Government Securities - End of Year Fair Market Value:

    655,577
    State & Local Government Securities - End of Year Book Value:


    4,336,215
    State & Local Government Securities - End of Year Fair Market Value:


    4,515,320


    TY 2018 OtherAssetsSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Deposit 2,000 2,000 2,000


    TY 2018 OtherDecreasesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Description Amount
    Unrealized Losses on Investments 143,728


    TY 2018 OtherExpensesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Utilities 1,817     1,817
    General Insurance 4,795     4,795
    Hospitalization Insurance 58,131     58,131
    Internet 3,281     3,281
    Office Expense 7,008     7,008
    Rental Expenses 15,965     15,965
    Supplies 7,935     7,935
    Telephone 4,309     4,309


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Management Fees 217,538 217,538    


    TY 2018 TaxesSchedule
    Name:
    The Kaplen Foundation
    EIN:
    22-6048152
    Software ID:
    18007340
    Software Version:
    19.1.1.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Taxes 10,729 1,073   9,656