TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
HORNE ELIZABETH D

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907

A Employer identification number

56-6355985

B Telephone number (see instructions)

(910) 687-5123

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$4,128,498J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	112,326		112,326
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		57,789
b	Gross sales price for all assets on line 6a 649,053
7	Capital gain net income (from Part IV, line 2)...			57,789
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	170,115		170,115
13	Compensation of officers, directors, trustees, etc.	48,449		48,449
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		20			20
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		6,900	1,905		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		134	134
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	55,503		50,488	0	20
25	Contributions, gifts, grants paid.......	196,785				196,785
26	Total expenses and disbursements. Add lines 24 and 25	252,288		50,488	0	196,805
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-82,173
b	Net investment income (if negative, enter -0-)			119,627
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	72,562	135,920	135,920
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,512,471	1,380,429	2,155,210
	c	Investments—corporate bonds (attach schedule).......	1,831,129	1,810,943	1,827,943
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	5,310	5,310	9,425
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,421,472	3,332,602	4,128,498
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		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
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	3,421,472	3,332,602
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	3,421,472	3,332,602
	31	Total liabilities and net assets/fund balances (see instructions).	3,421,472	3,332,602

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

3,421,472

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

-82,173

Other increases not included in line 2 (itemize) bullet

160

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

3,339,459

Decreases not included in line 2 (itemize) bullet

6,857

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

3,332,602

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	8. ABBVIE INC		2018-03-14	2018-12-06
b	7. ABBVIE INC		2017-12-04	2018-12-06
c	246.067 CAMBIAR INTL EQUITY FUNDS-INS			2018-12-06
d	1002.369 CAMBIAR INTL EQUITY FUNDS-INS		2017-03-15	2018-12-06
e	2. AFFILIATED MANAGERS GROUP INC		2018-03-14	2018-12-06
	7. AIR LEASE CORP COMMON		2018-07-12	2018-12-06
	6. AIR PRODUCTS AND CHEMICALS INC		2017-12-04	2018-12-06
	4. ALASKA AIR GROUP INC COMMON		2015-08-13	2018-12-06
	3. ALEXANDRIA REAL ESTATE		2018-07-12	2018-12-06
	2. ALEXION PHARMACEUTICALS COMMON			2018-12-06
	33. ALIBABA GROUP HLDG LTD			2018-12-06
	1. ALLIANCE DATA SYSTEMS COMMON		2018-07-12	2018-12-06
	5. AMEREN CORPORATION COMMON			2018-12-06
	11. AMETEK INC COMMON			2018-12-06
	3. AMETEK INC COMMON		2018-03-14	2018-12-06
	2. ASPEN TECHNOLOGY INC		2014-10-06	2018-12-06
	1. AUTODESK, INC. COMMON		2017-12-04	2018-12-06
	33. BAIDU INC SPON ADR			2018-12-06
	7. BERRY PLASTICS GROUP IN COMMON		2018-03-14	2018-12-06
	1. BIO-RAD LABS CLASS A		2018-07-12	2018-12-06
	3. BIOMARIN PHARMACEUTICAL INC		2017-05-08	2018-12-06
	11. BOEING COMPANY		2018-07-12	2018-12-06
	28. CVS CORP COMMON		2015-10-30	2018-12-06
	3. CASEY'S GENERAL STORES, INC. COMMON			2018-12-06
	34. COGNIZANT TECHNOLOGY SOLUTIONS CORP		2017-03-15	2018-12-06
	1. DTE ENERGY CO FKA DETROIT EDISION CO		2018-07-12	2018-12-06
	83. DENTSPLY SIRONA INC COMMON			2018-12-06
	24. DENTSPLY SIRONA INC COMMON			2018-12-06
	569.506 DODGE & COX INCOME FUND		2017-05-09	2018-12-06
	1126.398 DOUBLELINE TOTAL RETURN BOND FUND			2018-12-06
	11. DOWDUPONT INC COMMON		2018-03-14	2018-12-06
	1. ELECTRONIC ARTS INC COMMON		2018-03-14	2018-12-06
	20. ELECTRONIC ARTS INC COMMON		2016-05-09	2018-12-06
	25. ENBRIDGE INC		2018-03-14	2018-12-06
	4. EQUINIX INC COMMON		2017-12-04	2018-12-06
	2. EQUINIX INC COMMON		2018-03-14	2018-12-06
	6. EVERSOURCE ENERGY			2018-12-06
	35. FACEBOOK INC CL A			2018-12-06
	13. FACEBOOK INC CL A		2018-03-14	2018-12-06
	1. FIRST REPUBLIC BANK COMMON		2016-05-09	2018-12-06
	3. FIRST REPUBLIC BANK COMMON		2018-07-12	2018-12-06
	9. FOOT LOCKER INC. COMMON		2017-12-04	2018-12-06
	16.9 GARRETT MOTION INC COMMON			2018-12-06
	1.1 GARRETT MOTION INC COMMON		2018-03-14	2018-12-06
	2. HARTFORD FINL SVCS GROUP INC COMMON		2017-03-15	2018-12-06
	3. HARTFORD FINL SVCS GROUP INC COMMON		2018-07-12	2018-12-06
	3. HASBRO INC			2018-12-06
	2. JACK HENRY & ASSOCIATES INC COMMON		2018-07-12	2018-12-06
	2. JACK HENRY & ASSOCIATES INC COMMON		2015-01-12	2018-12-06
	24. HOME DEPOT INCORPORATED			2018-12-06
	9. HOME DEPOT INCORPORATED			2018-12-06
	6. HONEYWELL INTERNATIONAL INC		2017-03-15	2018-12-06
	19. HONEYWELL INTERNATIONAL INC		2018-03-14	2018-12-06
	63. INTERCONTINENTALEXCHANGE COMMON GROUP		2017-03-15	2018-12-06
	9. J P MORGAN CHASE & CO		2017-05-08	2018-12-06
	20. JOHNSON & JOHNSON		2017-03-15	2018-12-06
	1. JONES LANG LA SALLE INC		2018-03-14	2018-12-06
	2. LIBERTY PPTY TR SH BEN TR		2017-12-04	2018-12-06
	3. LIBERTY PPTY TR SH BEN TR		2018-07-12	2018-12-06
	4. LIVE NATION COMMON		2017-12-04	2018-12-06
	3. MASONITE INTERNATIONAL CORP		2018-07-12	2018-12-06
	58. MCDONALDS CORPORATION			2018-12-06
	3. METHANEX CORP (OCELOT INDS LTD)		2013-10-09	2018-12-06
	23.303 METROPOLITAN WEST T/R BD-PLN		2012-09-13	2018-12-06
	24. MICROCHIP TECHNOLOGY INC		2017-03-15	2018-12-06
	68. MICRON TECHNOLOGY INCORPORATED COMMON		2017-03-15	2018-12-06
	25. MOHAWK IND INC COMMON		2018-07-12	2018-12-06
	2. NASDAQ OMX GROUP INC		2017-12-04	2018-12-06
	4. NETFLIX INC COMMON			2018-12-06
	6. NEWFIELD EXPL CO COM			2018-12-06
	1. OLD DOMINION FREIGHT LINE INC.		2018-07-12	2018-12-06
	73. OMNICOM GROUP INCORPORATED			2018-12-06
	1. PVH CORP		2018-03-14	2018-12-06
	4. PVH CORP		2017-03-15	2018-12-06
	16. PEPSICO INCORPORATED		2016-05-09	2018-12-06
	361. PFIZER INCORPORATED			2018-12-06
	45. PFIZER INCORPORATED		2018-03-14	2018-12-06
	15. PHILIP MORRIS INTERNATIONAL		2018-07-12	2018-12-06
	19. PHILIP MORRIS INTERNATIONAL			2018-12-06
	5. PIONEER NAT RES CO COMMON		2018-03-14	2018-12-06
	7. PREMIER INC CLASS A COMMON		2017-05-08	2018-12-06
	27. QUALCOMM INC COMMON			2018-12-06
	27.167 RESIDEO TECHNOLOGIES INC COMMON			2018-12-06
	2.833 RESIDEO TECHNOLOGIES INC COMMON		2018-03-14	2018-12-06
	2. ROCKWELL INTERNATIONAL CORP NEW		2018-03-14	2018-12-06
	3. ROSS STORES INC COM		2018-07-12	2018-12-06
	19. S&P GLOBAL INC COMMON			2018-12-06
	22. SBA COMMUNICATIONS CORP COMMON			2018-12-06
	11. SALESFORCE.COM INC INC COMMON		2018-07-12	2018-12-06
	1. SAREPTA THERAPEUTICS INC COMMON		2017-12-04	2018-12-06
	19. SERVICE CORP INTL COM			2018-12-06
	3. SHERWIN WILLIAMS		2017-12-04	2018-12-06
	76. SNAP ON INC FKA SNAP ON TOOLS		2018-07-12	2018-12-06
	2. STANLEY BLACK & DECKER INC		2018-03-14	2018-12-06
	31. STANLEY BLACK & DECKER INC			2018-12-06
	93. STARBUCKS CORPORATIONS COMMON		2018-03-14	2018-12-06
	16. STARWOOD PROPERTY TRUST INC COMMON		2018-07-12	2018-12-06
	1. STARWOOD PROPERTY TRUST INC COMMON		2014-11-20	2018-12-06
	198. STERLING BANCORP/DE COMMON			2018-12-06
	3. SYNEOS HEALTH INCH COMMON			2018-12-06
	3. TELEDYNE TECHNOLOGIES INC COM			2018-12-06
	2. UNITED PARCEL SERVICES B		2017-03-15	2018-12-06
	7. UNITED RENTALS INC		2017-03-15	2018-12-06
	3. UNITED RENTALS INC		2018-07-12	2018-12-06
	1. US FOODS HOLDING CORP COMMON		2018-07-12	2018-12-06
	16. UNITED TECHNOLOGIES CORPORATION			2018-12-06
	2. VARIAN MED SYS INC		2018-03-14	2018-12-06
	84. VERIZON COMMUNICATIONS INC			2018-12-06
	9. VISA INC		2018-07-12	2018-12-06
	4. VORNADO REALTY TRUST		2018-07-12	2018-12-06
	15. VULCAN MATLS CO		2018-07-12	2018-12-06
	2. WABCO HOLDINGS INC COMMON		2018-03-14	2018-12-06
	172. WPP PLC ADR			2018-12-06
	7. WELLS FARGO & CO NEW		2018-07-12	2018-12-06
	8. WESTERN ALLIANCE BANCORP COMMON			2018-12-06
	1. WESTERN ALLIANCE BANCORP COMMON		2017-12-04	2018-12-06
	3. XILINX INC		2017-12-04	2018-12-06
	11. ZIMMER HOLDINGS INC		2018-03-14	2018-12-06
	4. AMDOCS LTD ORD			2018-12-06
	10. ARCH CAPITAL GROUP LTD		2018-03-14	2018-12-06
	6. ACCENTURE PLC IRELAND SHS			2018-12-06
	1. ICON PLC		2018-03-14	2018-12-06
	4. INGERSOLL-RAND PLC		2017-12-04	2018-12-06
	144. INVESCO LTD			2018-12-06
	320. INVESCO LTD			2018-12-06
	101. MARVELL TECHNOLOGY GROUP LTDORD			2018-12-06
	21. MEDTRONIC PLC			2018-12-06
	230. NIELSEN HLDGS PLC COMMON		2018-03-14	2018-12-06
	39. NORWEGIAN CRUISE LINE HLDGS LT LTD COMMO		2017-12-04	2018-12-06
	9. ARDAGH GROUP SA		2017-05-08	2018-12-06
	68. ARDAGH GROUP SA			2018-12-06
	.385 UNITED TECHNOLOGIES CORPORATION		2018-03-14	2018-12-28
	28. ACUITY BRANDS INC		2018-03-14	2019-01-18
	11. DELPHI TECHNOLOGIES PLC			2019-01-18
	59. DELPHI TECHNOLOGIES PLC		2018-07-12	2019-01-18
	2712.222 FORWARD SALIENT INTERNTL SMALL CAP CLOSE			2019-01-22
	1. RESIDEO TECHNOLOGIES INC COMMON		2015-10-30	2019-02-05
	1. DELPHI TECHNOLOGIES PLC		2016-05-09	2019-02-05
	.581 ENCANA CORP COMMON		2019-02-14	2019-02-28
	21. NEWFIELD EXPL CO COM		2018-03-14	2019-02-28
	90. NEWFIELD EXPL CO COM			2019-02-28
	.8 MULTICHOICE GROUP LTD		2016-05-09	2019-03-21
	.667 DOW INC COMMON		2017-12-04	2019-04-04
	35. ARTISAN PARTNERS ASSET MGMT COMMON			2019-04-17
	67. ARTISAN PARTNERS ASSET MGMT COMMON			2019-04-17
	6. ELECTRONICS FOR IMAGING INC COMMON		2018-07-12	2019-04-17
	129. ELECTRONICS FOR IMAGING INC COMMON			2019-04-17
	249. CSL LTD -SPONSORED ADR			2019-05-08
	462. MONOTARO CO LTD. UNSP ADR			2019-05-08
	26. MULTICHOICE GROUP LTD		2016-05-09	2019-05-08
	152. AT&T INC			2019-05-21
	1. AT&T INC		2018-12-06	2019-05-21
	3. ABIOMED INC COMMON		2018-12-06	2019-05-21
	1. AFFILIATED MANAGERS GROUP INC		2018-07-12	2019-05-21
	30. AFFILIATED MANAGERS GROUP INC			2019-05-21
	6. ALASKA AIR GROUP INC COMMON			2019-05-21
	5. ALEXION PHARMACEUTICALS COMMON		2017-03-15	2019-05-21
	11. ALIBABA GROUP HLDG LTD		2017-03-15	2019-05-21
	6. ALLIANCE DATA SYSTEMS COMMON		2018-07-12	2019-05-21
	18. ALLIANCE DATA SYSTEMS COMMON			2019-05-21
	14. AMEREN CORPORATION COMMON		2017-05-08	2019-05-21
	11. AMERISOURCEBERGEN CORP. COMMON			2019-05-21
	8. AMERISOURCEBERGEN CORP. COMMON			2019-05-21
	4. AMETEK INC COMMON		2015-08-13	2019-05-21
	47. ANALOG DEVICES INC			2019-05-21
	45. APPLIED MATERIALS		2018-07-12	2019-05-21
	124. APPLIED MATERIALS			2019-05-21
	5. ASPEN TECHNOLOGY INC		2018-03-14	2019-05-21
	4. AUTODESK, INC. COMMON		2017-12-04	2019-05-21
	8. AUTOMATIC DATA PROCESSING INC			2019-05-21
	4. BADGER METER INC COMMON		2015-01-12	2019-05-21
	28. BADGER METER INC COMMON		2018-12-06	2019-05-21
	16. BIOMARIN PHARMACEUTICAL INC			2019-05-21
	7. BIOGEN INC COMMON		2018-12-06	2019-05-21
	46. BOSTON SCIENTIFIC			2019-05-21
	4. CARVANA CO COMMON		2018-12-06	2019-05-21
	4. CASEY'S GENERAL STORES, INC. COMMON		2018-03-14	2019-05-21
	2. CHARTER COMMUNICATIONS INC-A COMMON		2018-12-06	2019-05-21
	79. CONAGRA INC		2018-12-06	2019-05-21
	13. CROWN CASTLE INTL CORP COMMON			2019-05-21
	8. DTE ENERGY CO FKA DETROIT EDISION CO		2018-07-12	2019-05-21
	7. DEERE & COMPANY		2018-12-06	2019-05-21
	7. DEXCOM INC COMMON		2018-12-06	2019-05-21
	4. DISNEY WALT COMPANY		2018-12-06	2019-05-21
	31. DISCOVER FINL SVCS			2019-05-21
	444.099 DODGE & COX INCOME FUND		2017-05-09	2019-05-21
	156.862 DOUBLELINE TOTAL RETURN BOND FUND		2012-07-25	2019-05-21
	6. DOW INC COMMON			2019-05-21
	20. DOWDUPONT INC COMMON			2019-05-21
	296. ENCANA CORP COMMON		2019-02-14	2019-05-21
	80. ENBRIDGE INC			2019-05-21
	7. EQUINIX INC COMMON			2019-05-21
	3. EVERSOURCE ENERGY		2018-03-14	2019-05-21
	4. EXPEDIA INC COMMON		2018-07-12	2019-05-21
	5. FIRST REPUBLIC BANK COMMON		2018-03-14	2019-05-21
	12. FOOT LOCKER INC. COMMON			2019-05-21
	3. GW PHARMACEUTICALS -ADR		2018-07-12	2019-05-21
	18. GENERAL MOTORS CO		2018-03-14	2019-05-21
	10. HONEYWELL INTERNATIONAL INC		2017-03-15	2019-05-21
	23. IPG PHOTONICS CORP COMMON			2019-05-21
	5. ILLUMINA INC		2018-12-06	2019-05-21
	2. ILLUMINA INC		2018-03-14	2019-05-21
	17. J P MORGAN CHASE & CO		2017-05-08	2019-05-21
	13. JOHNSON & JOHNSON		2018-03-14	2019-05-21
	6. L3 TECHNOLOGIES INC COMMON		2018-07-12	2019-05-21
	5. LAM RESH CORP			2019-05-21
	6. LAM RESH CORP		2018-03-14	2019-05-21
	5. LIBERTY PPTY TR SH BEN TR		2018-03-14	2019-05-21
	13. LIVE NATION COMMON		2017-12-04	2019-05-21
	2. MASONITE INTERNATIONAL CORP		2018-07-12	2019-05-21
	9. MAXIM INTEGRATED PRODUCTS INC COMON			2019-05-21
	1. MAXIM INTEGRATED PRODUCTS INC COMON		2013-10-09	2019-05-21
	5. METHANEX CORP (OCELOT INDS LTD)		2013-10-09	2019-05-21
	761.802 METROPOLITAN WEST T/R BD-PLN		2012-09-13	2019-05-21
	12. MICROSOFT CORPORATION		2018-03-14	2019-05-21
	2. NASDAQ OMX GROUP INC		2018-03-14	2019-05-21
	12. NVIDIA CORP COMMON			2019-05-21
	7. NVIDIA CORP COMMON			2019-05-21
	1. OLD DOMINION FREIGHT LINE INC.		2018-07-12	2019-05-21
	11. PVH CORP		2017-03-15	2019-05-21
	25. PAYPAL HOLDINGS INC		2018-07-12	2019-05-21
	11. PEPSICO INCORPORATED		2018-03-14	2019-05-21
	59. PREMIER INC CLASS A COMMON			2019-05-21
	23. PROGESSIVE CORP., OHIO COMMON		2018-03-14	2019-05-21
	171. ROBERT HALF INTL COMMON			2019-05-21
	1. ROCKWELL INTERNATIONAL CORP NEW		2018-07-12	2019-05-21
	6. ROSS STORES INC COM		2018-03-14	2019-05-21
	1. S&P GLOBAL INC COMMON		2018-03-14	2019-05-21
	14. SALESFORCE.COM INC INC COMMON		2018-03-14	2019-05-21
	10. SAREPTA THERAPEUTICS INC COMMON			2019-05-21
	9. SERVICE CORP INTL COM		2018-03-14	2019-05-21
	2. SPLUNK, INC. COMMON		2018-12-06	2019-05-21
	31. T-MOBILE US INC COMMON		2018-12-06	2019-05-21
	1. TELEDYNE TECHNOLOGIES INC COM		2014-10-06	2019-05-21
	11. THERMO ELECTRON COMMON		2018-12-06	2019-05-21
	14. TIFFANY & CO		2018-12-06	2019-05-21
	4. US FOODS HOLDING CORP COMMON		2018-07-12	2019-05-21
	8. US FOODS HOLDING CORP COMMON		2018-03-14	2019-05-21
	7. UNITED TECHNOLOGIES CORPORATION		2018-03-14	2019-05-21
	26. UNITED HEALTH GROUP INC			2019-05-21
	18. UNITED HEALTH GROUP INC			2019-05-21
	11. VORNADO REALTY TRUST			2019-05-21
	18. VORNADO REALTY TRUST		2018-07-12	2019-05-21
	21. VULCAN MATLS CO			2019-05-21
	23. WABCO HOLDINGS INC COMMON		2018-03-14	2019-05-21
	24. WABCO HOLDINGS INC COMMON		2018-07-12	2019-05-21
	10. XILINX INC			2019-05-21
	10. ZIMMER HOLDINGS INC		2018-03-14	2019-05-21
	10. ZIMMER HOLDINGS INC		2018-07-12	2019-05-21
	32. AMDOCS LTD ORD			2019-05-21
	5. ACCENTURE PLC IRELAND SHS		2014-11-20	2019-05-21
	10. MEDTRONIC PLC		2018-03-14	2019-05-21
	36. NIELSEN HLDGS PLC COMMON		2018-07-12	2019-05-21
	149. NIELSEN HLDGS PLC COMMON		2018-03-14	2019-05-21
	14. ARDAGH GROUP SA		2017-05-08	2019-05-21
	8. ROYAL CARIBBEAN CRUISES LTD		2018-12-06	2019-05-21
	.6 L3HARRIS TECHNOLOGIES INC COMMON		2019-05-21	2019-07-10
	27. RED HAT INC			2019-07-10
	.716 JONES LANG LA SALLE INC		2019-05-21	2019-07-16
	12. ABBOTT LABORATORIES		2017-03-15	2019-10-01
	10. ABBVIE INC		2019-05-21	2019-10-01
	38. ABBVIE INC			2019-10-01
	4. AIR LEASE CORP COMMON		2015-08-13	2019-10-01
	6. AIR PRODUCTS AND CHEMICALS INC		2017-03-15	2019-10-01
	6. ALASKA AIR GROUP INC COMMON			2019-10-01
	4. ALEXANDRIA REAL ESTATE			2019-10-01
	3. ALEXION PHARMACEUTICALS COMMON		2017-03-15	2019-10-01
	102. ALTABA INC			2019-10-01
	39. ALTABA INC			2019-10-01
	3. AMERISOURCEBERGEN CORP. COMMON		2017-12-04	2019-10-01
	21. ANIKA THERAPEUTICS, INC COMMON		2017-03-15	2019-10-01
	1. APERGY CORP -W/I COMMON		2019-05-21	2019-10-01
	11. ASPEN TECHNOLOGY INC			2019-10-01
	5. AUTODESK, INC. COMMON		2017-12-04	2019-10-01
	3. BADGER METER INC COMMON		2018-07-12	2019-10-01
	3. BANK OF HAWAII CORP		2018-07-12	2019-10-01
	125. BERRY PLASTICS GROUP IN COMMON			2019-10-01
	2. BIOMARIN PHARMACEUTICAL INC		2018-03-14	2019-10-01
	3. BOEING COMPANY			2019-10-01
	18. BOX INC COMMON		2019-05-21	2019-10-01
	6. CDW CORP OF DELAWARE COMMON		2015-08-13	2019-10-01
	9. CIGNA CORP COMMON		2018-12-06	2019-10-01
	5. CARVANA CO COMMON		2018-12-06	2019-10-01
	1. CASEY'S GENERAL STORES, INC. COMMON		2018-03-14	2019-10-01
	5. CHARTER COMMUNICATIONS INC-A COMMON		2018-12-06	2019-10-01
	7. CHEESECAKE FACTORY INC		2019-05-21	2019-10-01
	10. CINEMARK HOLDINGS INC COMMON		2019-05-21	2019-10-01
	3. CINTAS CORP		2018-03-14	2019-10-01
	25. CITIGROUP INC		2018-12-06	2019-10-01
	13. DANAHER CORP COMMON			2019-10-01
	3. DISNEY WALT COMPANY		2018-12-06	2019-10-01
	43. ENBRIDGE INC		2018-03-14	2019-10-01
	5. EVERSOURCE ENERGY		2018-07-12	2019-10-01
	3. EXPEDIA INC COMMON		2018-07-12	2019-10-01
	9. FIRST FINANCIAL BANKSHARES INC COMMON		2018-07-12	2019-10-01
	5. GRACO INC COMMON		2019-05-21	2019-10-01
	4. HASBRO INC		2018-03-14	2019-10-01
	2. JACK HENRY & ASSOCIATES INC COMMON		2015-01-12	2019-10-01
	19. HONEYWELL INTERNATIONAL INC			2019-10-01
	2. IPG PHOTONICS CORP COMMON		2013-10-09	2019-10-01
	8. ILLUMINA INC			2019-10-01
	4. INTUITIVE SURGICAL INC		2017-12-04	2019-10-01
	3. JOHNSON & JOHNSON		2018-03-14	2019-10-01
	6.96 JONES LANG LA SALLE INC			2019-10-01
	14.04 JONES LANG LA SALLE INC			2019-10-01
	1. L3HARRIS TECHNOLOGIES INC COMMON		2018-03-14	2019-10-01
	14. LAM RESH CORP		2018-12-06	2019-10-01
	5. LIBERTY PPTY TR SH BEN TR			2019-10-01
	1. LINCOLN ELECTRIC HOLDINGS COMMON		2018-07-12	2019-10-01
	40. LIVE NATION COMMON			2019-10-01
	1. LULULEMON ATHLETICA INC COMMON		2018-12-06	2019-10-01
	8. MCDONALDS CORPORATION		2011-08-16	2019-10-01
	2. METHANEX CORP (OCELOT INDS LTD)		2013-10-09	2019-10-01
	2. NASDAQ OMX GROUP INC		2018-03-14	2019-10-01
	134. NASPERS LIMITED -N SHS SPN ADR		2016-05-09	2019-10-01
	5. NETFLIX INC COMMON			2019-10-01
	1. NETFLIX INC COMMON		2019-05-21	2019-10-01
	16. PALO ALTO NETWORKS INC COMMON			2019-10-01
	6. PREMIER INC CLASS A COMMON			2019-10-01
	1. PRIMERICA INC COMMON		2019-05-21	2019-10-01
	1. PROGESSIVE CORP., OHIO COMMON		2018-03-14	2019-10-01
	100. QUALCOMM INC COMMON			2019-10-01
	2. RLI CORP COMMON		2018-07-12	2019-10-01
	73. RE/MAX COMMON HOLDINGS INC CL-A			2019-10-01
	50. RE/MAX COMMON HOLDINGS INC CL-A			2019-10-01
	2. ROCKWELL INTERNATIONAL CORP NEW		2012-07-25	2019-10-01
	115. SALLY BEAUTY COMPANY INC COMMON			2019-10-01
	175. SALLY BEAUTY COMPANY INC COMMON			2019-10-01
	2. SAREPTA THERAPEUTICS INC COMMON		2017-12-04	2019-10-01
	8. SERVICE CORP INTL COM			2019-10-01
	4. SITEONE LANDSCAPE SUPPLY INC COMMON		2017-03-15	2019-10-01
	3. SPLUNK, INC. COMMON		2018-07-12	2019-10-01
	35. SQUARE INC - A COMMON			2019-10-01
	3. SYNEOS HEALTH INCH COMMON		2018-03-14	2019-10-01
	1. TELEDYNE TECHNOLOGIES INC COM		2014-10-06	2019-10-01
	7. THERMO ELECTRON COMMON		2018-12-06	2019-10-01
	54. UNION PACIFIC CORP			2019-10-01
	5. UNITED TECHNOLOGIES CORPORATION		2018-03-14	2019-10-01
	16. UNITED HEALTH GROUP INC			2019-10-01
	2. VARIAN MED SYS INC		2019-05-21	2019-10-01
	43. VISA INC			2019-10-01
	3. VORNADO REALTY TRUST		2016-05-09	2019-10-01
	32. VULCAN MATLS CO			2019-10-01
	7. WD40 - COMPANY COMMON		2017-12-04	2019-10-01
	44. WELLS FARGO & CO NEW			2019-10-01
	3. AMDOCS LTD ORD		2010-08-17	2019-10-01
	9. ARCH CAPITAL GROUP LTD			2019-10-01
	4. ACCENTURE PLC IRELAND SHS		2014-11-20	2019-10-01
	1. ICON PLC		2018-03-14	2019-10-01
	1. INGERSOLL-RAND PLC		2018-07-12	2019-10-01
	9. MEDTRONIC PLC		2018-03-14	2019-10-01
	8. ARDAGH GROUP SA		2017-05-08	2019-10-01
	40. ROYAL CARIBBEAN CRUISES LTD		2018-12-06	2019-10-01
	147.735 DODGE & COX INCOME FUND		2017-05-09	2019-10-02
	654.519 METROPOLITAN WEST T/R BD-PLN			2019-10-02
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	707	954	-247
b	618	673	-55
c	5,994	7,049	-1,055
d	24,418	24,678	-260
e	208	389	-181
	259	296	-37
	960	979	-19
	278	318	-40
	368	384	-16
	238	256	-18
	5,025	5,168	-143
	185	243	-58
	346	292	54
	772	668	104
	210	235	-25
	169	74	95
	139	107	32
	5,870	5,363	507
	344	391	-47
	261	302	-41
	281	272	9
	3,593	3,807	-214
	2,135	2,770	-635
	372	201	171
	2,345	2,007	338
	118	106	12
	3,009	5,160	-2,151
	870	1,341	-471
	7,569	7,814	-245
	11,658	12,811	-1,153
	602	763	-161
	82	128	-46
	1,634	1,292	342
	801	829	-28
	1,523	1,864	-341
	761	832	-71
	410	272	138
	4,709	4,346	363
	1,749	2,393	-644
	96	68	28
	288	294	-6
	486	405	81
	186	199	-13
	12	18	-6
	84	99	-15
	126	158	-32
	260	283	-23
	271	273	-2
	271	125	146
	4,135	4,510	-375
	1,551	1,392	159
	833	727	106
	2,638	2,751	-113
	4,977	3,804	1,173
	934	783	151
	2,893	2,540	353
	134	172	-38
	89	91	-2
	133	134	-1
	217	179	38
	157	214	-57
	10,643	5,332	5,311
	159	158	1
	226	241	-15
	1,765	1,771	-6
	2,468	1,727	741
	2,951	5,576	-2,625
	180	159	21
	1,084	685	399
	99	173	-74
	131	148	-17
	5,459	5,490	-31
	105	144	-39
	419	365	54
	1,853	1,690	163
	15,989	7,979	8,010
	1,993	1,636	357
	1,264	1,245	19
	1,600	1,918	-318
	694	848	-154
	268	236	32
	1,526	1,614	-88
	540	532	8
	56	76	-20
	331	368	-37
	241	255	-14
	3,318	3,897	-579
	3,686	3,712	-26
	1,525	1,630	-105
	121	57	64
	854	627	227
	1,204	1,213	-9
	11,652	12,490	-838
	246	314	-68
	3,811	4,771	-960
	6,173	5,480	693
	354	357	-3
	22	24	-2
	3,562	4,914	-1,352
	149	140	9
	633	374	259
	214	215	-1
	743	870	-127
	319	458	-139
	32	39	-7
	1,908	2,080	-172
	240	250	-10
	4,824	4,220	604
	1,229	1,257	-28
	279	296	-17
	1,540	1,906	-366
	221	279	-58
	8,951	9,446	-495
	356	391	-35
	336	464	-128
	42	60	-18
	264	205	59
	1,212	1,280	-68
	251	274	-23
	277	282	-5
	959	576	383
	142	122	20
	399	348	51
	2,753	4,273	-1,520
	6,118	9,531	-3,413
	1,592	2,190	-598
	1,994	1,699	295
	6,131	7,740	-1,609
	1,900	2,213	-313
	112	198	-86
	844	1,195	-351
	46	50	-4
	3,364	4,181	-817
	175	437	-262
	941	2,587	-1,646
	39,761	33,254	6,507
	24	18	6
	19	36	-17
	4	4
	352	496	-144
	1,508	2,236	-728
	7	3	4
	39	42	-3
	1,022	925	97
	1,956	3,008	-1,052
	226	202	24
	4,851	5,280	-429
	17,273	3,823	13,450
	9,875	3,023	6,852
	227	98	129
	4,902	4,946	-44
	32	30	2
	760	969	-209
	89	150	-61
	2,676	4,921	-2,245
	373	418	-45
	640	611	29
	1,790	1,133	657
	874	1,460	-586
	2,621	3,258	-637
	1,047	766	281
	880	941	-61
	640	731	-91
	343	225	118
	4,717	4,064	653
	1,844	2,057	-213
	5,082	5,959	-877
	586	408	178
	691	428	263
	1,299	1,101	198
	209	111	98
	1,465	1,531	-66
	1,397	1,397
	1,609	2,242	-633
	1,734	1,206	528
	264	148	116
	529	447	82
	758	638	120
	2,259	2,478	-219
	1,615	1,402	213
	1,021	847	174
	962	1,057	-95
	836	890	-54
	537	449	88
	2,434	2,150	284
	6,093	6,093
	1,655	1,776	-121
	302	373	-71
	635	1,016	-381
	1,965	1,856	109
	3,006	2,967	39
	3,361	2,715	646
	221	172	49
	467	511	-44
	503	479	24
	663	534	129
	546	449	97
	661	682	-21
	1,696	1,212	484
	3,067	2,386	681
	1,562	1,658	-96
	625	504	121
	1,896	1,479	417
	1,813	1,725	88
	1,433	1,212	221
	934	805	129
	1,121	1,339	-218
	238	200	38
	823	583	240
	105	143	-38
	486	517	-31
	54	29	25
	235	263	-28
	7,633	7,873	-240
	1,527	1,130	397
	182	169	13
	1,843	2,490	-647
	1,075	1,274	-199
	146	148	-2
	1,166	1,003	163
	2,817	2,215	602
	1,430	1,239	191
	2,234	1,996	238
	1,823	1,407	416
	9,672	8,225	1,447
	161	169	-8
	575	462	113
	216	193	23
	2,196	1,795	401
	1,182	591	591
	385	351	34
	273	216	57
	2,410	2,020	390
	242	94	148
	2,941	2,633	308
	1,350	1,238	112
	153	156	-3
	307	270	37
	947	964	-17
	6,449	6,705	-256
	4,465	3,466	999
	731	863	-132
	1,196	1,331	-135
	2,743	2,610	133
	3,013	3,211	-198
	3,144	2,904	240
	1,035	640	395
	1,166	1,164	2
	1,166	1,140	26
	1,956	1,178	778
	897	418	479
	880	822	58
	858	1,121	-263
	3,550	5,014	-1,464
	207	308	-101
	998	864	134
	111	111
	5,130	2,852	2,278
	98	102	-4
	983	539	444
	733	807	-74
	2,784	2,934	-150
	163	142	21
	1,302	821	481
	391	404	-13
	612	512	100
	293	367	-74
	2,001	6,419	-4,418
	765	2,997	-2,232
	247	258	-11
	1,213	924	289
	26	34	-8
	1,330	497	833
	730	535	195
	160	139	21
	252	255	-3
	4,766	4,493	273
	129	172	-43
	1,128	1,023	105
	301	351	-50
	728	233	495
	1,352	1,921	-569
	334	185	149
	161	112	49
	2,036	1,595	441
	290	336	-46
	384	394	-10
	788	523	265
	1,704	1,488	216
	1,848	1,284	564
	389	336	53
	1,514	1,427	87
	426	296	130
	402	384	18
	293	235	58
	225	242	-17
	468	354	114
	293	125	168
	3,125	2,227	898
	265	121	144
	2,369	1,969	400
	2,116	1,588	528
	390	398	-8
	942	988	-46
	1,901	2,049	-148
	204	158	46
	3,223	2,021	1,202
	253	192	61
	85	90	-5
	2,650	1,799	851
	193	131	62
	1,675	690	985
	69	105	-36
	197	169	28
	4,009	3,351	658
	1,354	744	610
	271	353	-82
	3,282	2,631	651
	169	216	-47
	123	126	-3
	76	61	15
	7,553	5,712	1,841
	183	136	47
	2,286	3,051	-765
	1,566	1,628	-62
	325	127	198
	1,770	2,105	-335
	2,694	3,319	-625
	153	113	40
	378	291	87
	289	171	118
	352	319	33
	2,153	2,198	-45
	156	121	35
	318	94	224
	2,017	1,675	342
	8,464	7,359	1,105
	670	689	-19
	3,471	2,399	1,072
	232	260	-28
	7,491	4,880	2,611
	189	234	-45
	4,768	3,957	811
	1,287	848	439
	2,159	2,564	-405
	198	81	117
	373	264	109
	759	334	425
	143	122	21
	120	90	30
	974	740	234
	126	176	-50
	4,200	4,322	-122
	2,085	2,027	58
	6,840	6,724	116
			19,499

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			-247
b			-55
c			-1,055
d			-260
e			-181
			-37
			-19
			-40
			-16
			-18
			-143
			-58
			54
			104
			-25
			95
			32
			507
			-47
			-41
			9
			-214
			-635
			171
			338
			12
			-2,151
			-471
			-245
			-1,153
			-161
			-46
			342
			-28
			-341
			-71
			138
			363
			-644
			28
			-6
			81
			-13
			-6
			-15
			-32
			-23
			-2
			146
			-375
			159
			106
			-113
			1,173
			151
			353
			-38
			-2
			-1
			38
			-57
			5,311
			1
			-15
			-6
			741
			-2,625
			21
			399
			-74
			-17
			-31
			-39
			54
			163
			8,010
			357
			19
			-318
			-154
			32
			-88
			8
			-20
			-37
			-14
			-579
			-26
			-105
			64
			227
			-9
			-838
			-68
			-960
			693
			-3
			-2
			-1,352
			9
			259
			-1
			-127
			-139
			-7
			-172
			-10
			604
			-28
			-17
			-366
			-58
			-495
			-35
			-128
			-18
			59
			-68
			-23
			-5
			383
			20
			51
			-1,520
			-3,413
			-598
			295
			-1,609
			-313
			-86
			-351
			-4
			-817
			-262
			-1,646
			6,507
			6
			-17

			-144
			-728
			4
			-3
			97
			-1,052
			24
			-429
			13,450
			6,852
			129
			-44
			2
			-209
			-61
			-2,245
			-45
			29
			657
			-586
			-637
			281
			-61
			-91
			118
			653
			-213
			-877
			178
			263
			198
			98
			-66

			-633
			528
			116
			82
			120
			-219
			213
			174
			-95
			-54
			88
			284

			-121
			-71
			-381
			109
			39
			646
			49
			-44
			24
			129
			97
			-21
			484
			681
			-96
			121
			417
			88
			221
			129
			-218
			38
			240
			-38
			-31
			25
			-28
			-240
			397
			13
			-647
			-199
			-2
			163
			602
			191
			238
			416
			1,447
			-8
			113
			23
			401
			591
			34
			57
			390
			148
			308
			112
			-3
			37
			-17
			-256
			999
			-132
			-135
			133
			-198
			240
			395
			2
			26
			778
			479
			58
			-263
			-1,464
			-101
			134

			2,278
			-4
			444
			-74
			-150
			21
			481
			-13
			100
			-74
			-4,418
			-2,232
			-11
			289
			-8
			833
			195
			21
			-3
			273
			-43
			105
			-50
			495
			-569
			149
			49
			441
			-46
			-10
			265
			216
			564
			53
			87
			130
			18
			58
			-17
			114
			168
			898
			144
			400
			528
			-8
			-46
			-148
			46
			1,202
			61
			-5
			851
			62
			985
			-36
			28
			658
			610
			-82
			651
			-47
			-3
			15
			1,841
			47
			-765
			-62
			198
			-335
			-625
			40
			87
			118
			33
			-45
			35
			224
			342
			1,105
			-19
			1,072
			-28
			2,611
			-45
			811
			439
			-405
			117
			109
			425
			21
			30
			234
			-50
			-122
			58
			116

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	57,789
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	198,853	4,041,721	0.0492
2016	190,812	3,971,742	0.048042
2015	198,940	3,833,478	0.051895
2014	203,002	4,038,176	0.050271
2013	197,925	4,151,537	0.047675

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

0.247083

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

0.049417

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

3,969,220

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

196,147

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

1,196

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

197,343

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

196,805

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)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	2,393
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	2,393
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,393
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	3,332
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,332
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	939
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax939	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

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

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

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

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

The books are in care of bullet

BRANCH BANKING AND TRUST, C/O WEALTH MANAGMENT Telephone no. bullet

(910) 687-5123

Located at bullet

50 AVIEMORE DR FL 2PINEHURSTNC ZIP+4 bullet

28374

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

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

16 At any time during calendar year 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2018?.............

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

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

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
BRANCH BANKING AND TRUST COMPANY	TRUSTEE 12	48,449
50 AVIEMORE DRIVE PINEHURST,NC28374	TRUSTEE 12	48,449

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


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









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

Form 990-PF (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
NONE

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

Part IX-A

Summary of Direct Charitable Activities

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


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2018)

Page 8

Part X

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

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

purposes:

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

3,834,663

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

195,002

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

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

4,029,665

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

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

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

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

4,029,665

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

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

60,445

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

3,969,220

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

198,461

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.)

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

198,461

Tax on investment income for 2018 from Part VI, line 5......

2,393

Income tax for 2018. (This does not include the tax from Part VI.)...

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

2,393

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

196,068

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

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

196,068

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

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

196,068

Part XII

Qualifying Distributions (see instructions)

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

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

196,805

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

196,805

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

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

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

196,805

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)

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					196,068
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				196,785
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......	0
b From 2014......	0
c From 2015......	0
d From 2016......	0
e From 2017......	0
fTotal of lines 3a through e........		0
4Qualifying distributions for 2018 from Part
XII, line 4: $ 196,805
a Applied to 2017, but not more than line 2a				196,785
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2018 distributable amount.....					20
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					196,048
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2014....	0
b Excess from 2015....	0
c Excess from 2016....	0
d Excess from 2017....	0
e Excess from 2018....	0

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CATHOLIC DIOCESE OF RALEIGH 7200 STONEHENGE DRIVE RALEIGH,NC27613	CHARITY	EXEMPT	GENERAL FUNDS	94,642
PARISH COUNCIL OF THE SACRED HEART CHURCH PO BOX 1208 HAMLET,NC28345	CHARITY	EXEMPT	GENERAL FUNDS	7,500
CATHOLIC DIOCESE OF CHARLOTTE P O BOX 36776 CHARLOTTE,NC28203	CHARITY	EXEMPT	GENERAL FUNDS	94,643
Total ................................. 3a				196,785

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	112,326
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	57,789
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)..				170,115

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

170,115

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Description	Amount
HUGH MCRAE LAND TRUST ADJUSTMENT	3,825
RETURN OF CAPITAL	3,032

Category	Amount	Net Investment Income
FOREIGN TAXES	1,210	1,210
FEDERAL TAX PAYMENT - PRIOR YE	1,663	0
FEDERAL ESTIMATES - PRINCIPAL	3,332	0
FOREIGN TAXES ON QUALIFIED FOR	283	283
FOREIGN TAXES ON NONQUALIFIED	412	412