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 12-01-2018 , and ending 11-30-2019
Name of foundation
Ippolito Charitable Foundation of Galveston
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

76-0671962
B Telephone number (see instructions)

(800) 839-1754
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$18,030,059J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,631 4,631  
4 Dividends and interest from securities... 357,528 357,528  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 535,437
b Gross sales price for all assets on line 6a 4,735,639
7 Capital gain net income (from Part IV, line 2)... 535,437
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6,236 3,633  
12 Total. Add lines 1 through 11........ 903,832 901,229  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 102,195     102,195
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 5,557     5,557
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 159,441 157,441   2,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 26,684 1,688    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 34,837     34,837
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 69,541 22,209   47,332
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 398,255 181,338   191,921
25 Contributions, gifts, grants paid....... 622,178 622,178
26 Total expenses and disbursements. Add lines 24 and 25 1,020,433 181,338   814,099
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -116,601
b Net investment income (if negative, enter -0-) 719,891
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 526,640 427,912 427,912
3 Accounts receivable bullet44,988
Less: allowance for doubtful accounts bullet     44,988 44,988
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,659,230 Click to see attachment13,778,071 16,167,991
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,307,863 Click to see attachment1,156,161 1,339,168
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment50,000 Click to see attachment50,000 Click to see attachment50,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 15,543,733 15,457,132 18,030,059
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 15,543,733 15,457,132
30 Total net assets or fund balances (see instructions)..... 15,543,733 15,457,132
31 Total liabilities and net assets/fund balances (see instructions). 15,543,733 15,457,132
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
15,543,733
2
Enter amount from Part I, line 27a .....................
2
-116,601
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
30,000
4
Add lines 1, 2, and 3 ..........................
4
15,457,132
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
15,457,132
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c BLACKSTONE ALTERNATIVE ALPHA FD P   2019-08-01
d CERES ORION LP (FNA ORION FUTURES FUND) P 2013-01-01 2019-01-15
e
(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 3,589,951   3,017,014 572,937
b       -16,810
c 899,767   900,000 -233
d 245,921   266,378 -20,457
e
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       572,937
b        
c       -233
d       -20,457
e
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 2 535,437
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 856,507 17,246,713 0.049662
2016 805,375 16,771,683 0.04802
2015 669,038 15,794,914 0.042358
2014 396,122 14,644,192 0.02705
2013 375,924 11,244,471 0.033432
2
Total of line 1, column (d) .....................
2
0.200522
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.040104
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
17,149,226
5
Multiply line 4 by line 3......................
5
687,753
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,199
7
Add lines 5 and 6........................
7
694,952
8
Enter qualifying distributions from Part XII, line 4,.............
8
814,099
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (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 7,199
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 7,199
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 7,199
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 20,803
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.............. 7 20,803
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 13,604
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet7,200 RefundedBullet 11 6,404
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
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletippolitofoundation.org
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    MJ Alvarado vp
    5.0     		16,625 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Pepper I Ammann treas
    12.0     		24,720 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Crys C Ippolito vp
    1.0     		6,000 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    John C Ippolito pres
    3.0     		30,130 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Lee I Jurewitz sec
    15.0     		24,720 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    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
    Morgan Stanley Investment mgmt 117,442
    600 travis suite 3700
    HOUSTON,TX77002
    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 (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
    14,689,596
    b
    Average of monthly cash balances.......................
    1b
    849,216
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,871,570
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,410,382
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    17,410,382
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    261,156
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,149,226
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    857,461
    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
    857,461
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    7,199
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,199
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    850,262
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    30,000
    5
    Add lines 3 and 4............................
    5
    880,262
    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
    880,262
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    814,099
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    814,099
    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
    7,199
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    806,900
    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 7 880,262
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 753,749
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 814,099
    a Applied to 2017, but not more than line 2a 753,749
    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..... 60,350
    e Remaining amount distributed out of corpus 0
    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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    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 ..........     		819,912
    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) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018.... 0
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    mj alvaro
    55 walls drive 3rd floor
    fairfield,CT06824
    grants@ippolitofoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    see: WWW.IPPOLITOFOUNDATION.ORG/GRANTS
    cAny submission deadlines:
    see: WWW.IPPOLITOFOUNDATION.ORG/GRANTS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    see: WWW.IPPOLITOFOUNDATION.ORG/GRANTS
    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
    1894 INC
    2020 POST OFC ST
    GALVESTON,TX77550     		N/A PC serious fun programmming and grand kids festival 20,000
    ALCOHOL DRUG ABUSE WOMENS CENTER INC
    201 1ST ST
    GALVESTON,TX77550     		N/A PC Continuum of care for women in recovery program 10,000
    ALL SAINTS EPISCOPAL CHURCH
    209 W 27TH ST
    AUSTIN,TX78705     		N/A PC General & Unrestricted 1,000
    AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RE
    1789 MASSACHUSETTS AVE NW
    WASHINGTON,DC20036     		N/A PC General & Unrestricted 2,000
    ARTIST BOAT INC
    PO BOX 16019
    GALVESTON,TX77552     		N/A PC General & Unrestricted 20,000
    BALL HIGH SCHOOL
    4115 AVE O
    GALVESTON,TX77550     		N/A GOV CTE Field Trips fund - Sea Star Base 17,500
    BOYS AND GIRLS CLUBS OF GREATER HOUSTON INC
    815 CROSBY ST
    HOUSTON,TX77019     		N/A PC Capital Campaign - Galveston 50,000
    BOYS AND GIRLS CLUBS OF GREATER HOUSTON INC
    815 CROSBY ST
    HOUSTON,TX77019     		N/A PC general support for the Galveston Club 15,000
    CANYON ARISTOCATS PARENTSASSOCIATION
    PO BOX 310821
    NEW BRAUNFELS,TX78131     		N/A PC General & Unrestricted 100
    CATHOLIC CHARITIES OF THE ARCHDIOCESE OF GALVESTON
    2900 LOUISIANA ST
    HOUSTON,TX77006     		N/A PC Beacon of Hope Center 20,000
    CHRISTUS FOUNDATION FOR HEALTHCARE
    PO BOX 1919
    HOUSTON,TX77251     		N/A PC Our Daily Bread program 15,000
    COURT APPOINTED SPECIAL ADVOCATES CASA
    10000 EMMETT F LOWRY EXPWY STE 40
    TEXAS CITY,TX77591     		N/A PC General & Unrestricted 20,000
    ENCINITAS EDUCATIONAL FOUNDATION
    101 S RANCHO SANTA FE RD
    ENCINITAS,CA92024     		N/A PC El Camino Creek Elementary 400
    FAMILY SERVICE CENTER OF GALVESTON COUNTY TEXAS
    2200 MARKET ST STE 600
    GALVESTON,TX77550     		N/A PC Individual and Family Counseling Program 20,000
    GALVESTON BAY FOUNDATION
    1100 HERCULES AVE STE 200
    HOUSTON,TX77058     		N/A PC Stewardship of Conservation Lands program 15,000
    GALVESTON CHAMBER PARTNERSHIP INC
    519 25TH ST
    GALVESTON,TX77550     		N/A PC Charitable Event 10,000
    GALVESTON CHILDRENS MUSEUM
    2618 BROADWAY ST
    GALVESTON,TX77550     		N/A PC General & Unrestricted 10,000
    GALVESTON COLLEGE FOUNDATION
    4015 AVE Q
    GALVESTON,TX77550     		N/A PC Universal Access Program 10,000
    GALVESTON COUNTY COMMUNITY ORCHESTRA INC CO AUSTI
    PO BOX 16987
    GALVESTON,TX77552     		N/A PC Rental of The Grand fund 7,500
    GALVESTON COUNTY FOOD BANK
    624 4TH AVE N
    TEXAS CITY,TX77590     		N/A PC General & Unrestricted 20,000
    GALVESTON DIAPER BANK
    PO BOX 193
    GALVESTON,TX77553     		N/A PC General & Unrestricted 5,000
    GALVESTON HISTORICAL FOUNDATION INC
    2228 BROADWAY ST
    GALVESTON,TX77550     		N/A PC African American Cemetery fund 20,000
    GALVESTON INDEPENDENT SCHOOL DISTRICT EDUCATIONAL
    3904 AVE T
    GALVESTON,TX77550     		N/A PC teachers and schools fund and operations support 20,000
    GALVESTON ISLAND MEALS ON WHEELS INC
    2803 53RD ST
    GALVESTON,TX77551     		N/A PC General & Unrestricted 21,300
    GALVESTON ISLAND NATURE TOURISM COUNCIL
    PO BOX 1468
    GALVESTON,TX77553     		N/A PC General & Unrestricted 5,000
    GALVESTON ISLAND SWIM TEAM GIST
    PO BOX 8238
    GALVESTON,TX77553     		N/A PC General & Unrestricted 10,000
    GALVESTON URBAN MINISTRIES
    3727 BALL ST
    GALVESTON,TX77550     		N/A PC General & Unrestricted 20,000
    GALVESTON URBAN MINISTRIES
    3727 BALL ST
    GALVESTON,TX77550     		N/A PC Incubator Pilot Program for the Getting Ahead 2.0 class 15,000
    GIRL SCOUTS SAN DIEGO-IMPERIAL COUNCIL INC
    1231 UPAS ST
    SAN DIEGO,CA92103     		N/A PC Program Support for Encinitas Service Unit 200
    HOUSTON CHILDRENS CHORUS INC
    1301 VASSAR
    HOUSTON,TX77006     		N/A PC scholarship fund for galveston children for the 2020 carnegie hall performance 10,000
    I WRITE
    6824 LONG DR
    HOUSTON,TX77087     		N/A PC The Bryan Museum's New Writers & Historians Project 10,000
    ICONOCLAST ARTISTS
    5501 MAIN ST
    HOUSTON,TX77004     		N/A PC P.E.N. Workshops in Galveston fund 2,500
    JESSE TREE INC
    2622 MARKET ST
    GALVESTON,TX77550     		N/A PC Under & Un-insured Discharge Planning & Assistance program 12,500
    MOODY EARLY CHILDHOOD CENTER
    1110 21ST ST
    GALVESTON,TX77550     		N/A PC General & Unrestricted 20,000
    NAMI GULF COAST
    PO BOX 4
    ALVIN,TX77512     		N/A PC General & Unrestricted 15,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    659 TOWER AVE 1ST FL
    HARTFORD,CT06112     		N/A PC General & Unrestricted 200
    NIA CULTURAL CENTER
    PO BOX 1491
    GALVESTON,TX77553     		N/A PC Children's Defense Fund Freedom School 5,000
    PROJECT GRADUATION INC
    4115 AVE O
    GALVESTON,TX77550     		N/A PC Charitable Event 5,000
    PTA CALIFORNIA CONGRESS OF PARENTS TEACHERS & STUD
    7885 PASEO ALISO
    CARLSBAD,CA92009     		N/A PC General & Unrestricted 400
    PTA TEXAS CONGRESS
    3700 N HILLS DR
    AUSTIN,TX78731     		N/A PC General & Unrestricted 1,778
    PTA TEXAS CONGRESS
    3700 N HILLS DR
    AUSTIN,TX78731     		N/A PC Murchison Middle School Choir fund 200
    PTA TEXAS CONGRESS
    PO BOX 28370
    AUSTIN,TX78755     		N/A PC General & Unrestricted 750
    RAWSON-SAUNDERS SCHOOL
    2600 EXPOSITION BLVD
    AUSTIN,TX78703     		N/A PC General & Unrestricted 2,150
    RESOURCE AND CRISIS CENTER OF GALVESTON COUNTY
    1802 BROADWAY AVE J STE 122
    GALVESTON,TX77550     		N/A PC General & Unrestricted 20,000
    SAFE IN AUSTIN RESCUE RANCH
    14601 HONEYCOMB DR
    LEANDER,TX78641     		N/A PC General & Unrestricted 100
    SETON HEALTHCARE - SETON FUND OF THE DAUGHTERS OF
    1201 W 38TH ST
    AUSTIN,TX78705     		N/A PC General & Unrestricted 500
    SMART FAMILY LITERACY INC
    1713 DRIFTWOOD LN
    GALVESTON,TX77551     		N/A PC General & Unrestricted 10,000
    ST JUDE CHILDRENS RESEARCH HOSPITAL INC
    501 ST JUDE PL
    MEMPHIS,TN38105     		N/A PC General & Unrestricted 500
    SUNSHINE CENTER INC
    1726 21ST ST
    GALVESTON,TX77550     		N/A PC General & Unrestricted 10,000
    TEEN HEALTH CENTER INC
    PO BOX 925
    GALVESTON,TX77553     		N/A PC General & Unrestricted 20,000
    TEXAS MARINE MAMMAL STRANDING NETWORK
    4700 AVE U
    GALVESTON,TX77551     		N/A PC General & Unrestricted 5,000
    THE COUNCIL ON RECOVERY
    PO BOX 2768
    HOUSTON,TX77252     		N/A PC Charitable Event 300
    THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		N/A GOV Robert Ammann Fund 5,000
    THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		N/A GOV Sprint for Life program 2,000
    THE UNIVERSITY OF TEXAS MD ANDERSON CANCER CENTER
    PO BOX 4486
    HOUSTON,TX77210     		N/A GOV Robert Ammann Fund 1,000
    TURTLE ISLAND RESTORATION NETWORK
    PO BOX 370
    FOREST KNOLLS,CA94933     		N/A PC Galveston, TX: General Operating Support 10,000
    UNITED WAY OF GALVESTON INC
    PO BOX 2250
    GALVESTON,TX77553     		N/A PC Vision 2039 Galveston fund 25,000
    UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON
    301 UNIVERSITY BLVD
    GALVESTON,TX77555     		N/A GOV Osher Lifelong Learning Institute 7,300
    UPWARD HOPE ACADEMY INC
    101 14TH ST
    GALVESTON,TX77550     		N/A PC General & Unrestricted 20,000
    Total .................................bullet 3a 622,178
    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 4,631  
    4 Dividends and interest from securities....     14 357,528  
    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 ............     		    18 535,437  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 Inc/Loss     		    14 3,633  
    bFederal Tax Refund     01 2,603  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   903,832  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    903,832
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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

    TY 2018 DepreciationSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS 122,768 128,859
    ACCENTURE PLC 41,052 69,400
    ADOBE SYSTEMS, INC 49,562 86,359
    ALIGN TECHNOLOGY, INC 29,010 38,828
    ALPHABET INC CL A 140,563 182,573
    ALPHABET INC CL C 59,177 97,872
    AMAZON COM 175,314 181,881
    AMERICAN TOWER REIT INC 34,039 63,567
    ANTHEM INC 63,334 75,052
    APPLE INC 247,099 412,367
    ARCHER DANIELS MDLND 89,747 90,969
    AT&T, INC 87,848 102,047
    AUTOMATIC DATA PROCESSING INC 31,322 45,598
    BANK NEW YORK MELLON CORP COM 92,924 96,618
    BARINGS ACTIVE SHORT DURATION 368,000 367,994
    BARON SMALL CAP INSTL CL 314,795 323,282
    BLACKROCK EQUITY DIVIDEND FUND 819,185 752,303
    BLACKROCK INC 132,959 146,988
    BOOKING HOLDINGS INC 34,077 39,985
    CAPITAL ONE FINANCIAL CORP 65,878 70,907
    CHEVRON CORP 159,642 167,964
    CHUBB LIMITED 179,045 202,680
    CISCO SYSTEMS INC 278,950 281,919
    CITIGROUP INC 47,363 69,561
    COLGATE-PALMOLIVE COMPANY 85,537 97,322
    COMCAST CORP 85,130 99,514
    CONOCOPHILLIPS 87,130 72,707
    CONSTELLATION BRANDS INC 63,314 60,097
    COSTCO WHOLESALE CORPORATION 59,580 104,934
    CROWN CASTLE INTL 89,411 83,805
    DANAHER CORP 59,656 100,288
    DIGITAL RLTY TR INC 81,750 89,261
    DOLLAR GENERAL CORP 33,606 56,178
    DOW INC 83,280 77,547
    EMERSON ELECTRIC CO 85,471 100,671
    EXXON MOBIL CORP 85,997 83,936
    FACEBOOK INC 73,169 95,981
    GARTNER INC 32,121 47,015
    HOME DEPOT INC 62,813 96,363
    HONEYWELL INTL 93,498 142,304
    HP INC 87,957 70,802
    INTERNATIONAL BUSINESS MACHINE 86,959 77,712
    INVESCO EMERGING MARKETS SOVER 49,142 47,253
    INVESCO PREFERRED ETF 16,415 15,926
    ISHARE MSCI EMU INDX 261,033 249,227
    ISHARE MSCI SWEDEN 17,765 19,000
    ISHARE MSCI UK INDEX 216,635 224,187
    ISHARES BARCLAYS MBS BOND FUND 291,323 291,113
    ISHARES BARCLAYS TIPS BOND FUN 88,215 89,263
    ISHARES CORE MSCI EMERGING MAR 202,720 220,747
    ISHARES IBOXX $ HIGH YIELD COR 23,896 24,082
    ISHARES IBOXX $ INVESTMENT GRA 75,369 81,773
    ISHARES INC MSCI SWITZERLAND I 54,009 67,258
    ISHARES MSCI CANADA INDEX FD 80,001 88,268
    ISHARES MSCI PACIFIC EX-JAPAN 153,251 164,283
    ISHARES MSCI-JAPAN 84,044 84,212
    ISHARES RUSSELL MIDCAP G IN FD 199,583 349,832
    ISHARES RUSSELL MIDCAP VALUE 459,596 537,866
    ISHARES TRUST RUSSELL 2000 VAL 488,946 537,265
    JOHNSON & JOHNSON 167,783 179,699
    JP MORGAN CHASE 169,320 317,146
    KEURIG DR PEPPER INC 67,801 74,720
    LOCKHEED MARTIN CORP 153,923 226,406
    MASTERCARD INC 35,901 69,843
    MCDONALD'S CORP 86,519 103,074
    MICROCHIP TECHNOLOGY INC 58,560 67,880
    MICROSOFT CORP 247,184 500,462
    MSCI INC 26,707 30,066
    NESTLE S.A 36,476 46,565
    NEXTERA ENERGY, INC 128,021 247,382
    NIKE INC-CL B 32,477 54,785
    O'REILLY AUTOMOTIVE INC 26,962 54,400
    PAYPAL HOLDINGS, INC 40,864 47,308
    PFIZER INC 62,842 72,264
    PHILIP MORRIS INTL 78,431 73,642
    PROLOGIS 47,610 71,958
    REGENERON PHARMACEUTICALS INC 37,813 36,162
    RESIDEO TECHNOLOGIESINC COM 1,869 910
    ROSS STORES, INC 65,466 71,316
    SALESFORCE.COM 26,423 27,040
    SCH ST US TRSR ETF 288,741 291,471
    SEMPRA ENERGY COM 68,889 93,369
    SERVICE NOW 27,252 30,285
    SHERWIN-WILLIAMS CO 74,688 103,214
    STARBUCKS CORP COM 22,367 33,403
    SUNTRUST BKS INC 71,211 86,425
    SYSCO CORP 46,182 68,548
    THERMO FISHER SCIENTIFIC INC 62,168 124,324
    TOTAL FINA ELF S.A 110,979 116,061
    UNION PACIFIC 62,979 105,594
    UNITED TECHNOLOGIES CORP 171,816 196,699
    VANECK VECTOR JPMORGAN EM LOCA 9,024 7,974
    VANGUARD INT TRM BD 164,582 170,401
    VANGUARD SMALL-CAP GROWTH ETF 216,612 261,927
    VANGUARD SMALL-CAP VALUE ETF 153,404 171,968
    VANGUARD ST BOND ETF 595,109 599,488
    VERIZON COMMUNICATIONS 63,860 85,240
    VIRTUS EMERGING MARKETS OPPTS 528,469 536,018
    VIRTUS FOREIGN OPPORTUNITIES F 1,071,910 1,092,558
    VISA INC 106,210 228,792
    WAL-MART STORES INC 132,134 193,521
    WALT DISNEY HOLDINGS CO 110,072 151,428
    WELLS FARGO & CO 155,616 163,489
    ZOETIS INC 102,870 139,201

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HOMETOWN BANK   121,000 266,200
    IRONWOOD MULTI STRAT LLC   900,000 942,768
    TRUE WEALTH VENTURES FUND I, L   135,161 130,200

    TY 2018 OtherAssetsSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - PARKS AND WILDLIFE FDN   50,000 50,000


    TY 2018 OtherExpensesSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 46,903     46,903
    Bank Charges 62 62    
    K-1 Exp CERES ORION LP (FNA OR 5,708 5,708    
    K-1 Exp TRUE WEALTH VENTURES F 16,439 16,439    
    Postage/Delivery Service 19     19
    Website Hosting/Support 410     410


    TY 2018 OtherIncomeSchedule2
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    K-1 Inc/Loss CERES ORION LP (FNA ORION FUTURES FUN 2,033 2,033  
    K-1 Inc/Loss TRUE WEALTH VENTURES FUND I, L.P 1,600 1,600  
    Federal Tax Refund 2,603    


    TY 2018 OtherIncreasesSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Description Amount
    RETURNED GRANT 30,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 157,441 157,441    
    Philanthropic Consulting Srvcs 2,000     2,000


    TY 2018 TaxesSchedule
    Name:
    Ippolito Charitable Foundation of Galveston
    EIN:
    76-0671962
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2019 8,400      
    990-PF Extension for 2018 2,638      
    990-T EXTENSION FOR 2018 9,000      
    990-T Income Tax for 2018 4,958      
    Foreign Tax Paid 1,688 1,688