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 10-01-2018 , and ending 09-30-2019

Name of foundation
THE CLAY MATHEMATICS INSTITUTE INC

Number and street (or P.O. box number if mail is not delivered to street address)1624 MARKET ST STE 226 17261
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DENVER, CO802022523

A Employer identification number

13-4025978

B Telephone number (see instructions)

(603) 371-9032

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

$38,116,899J 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	56,030		56,030	56,030
4	Dividends and interest from securities...	894,670		894,670	894,670
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		266,053
b	Gross sales price for all assets on line 6a 25,354,143
7	Capital gain net income (from Part IV, line 2)...			266,053
8	Net short-term capital gain.........				188,011
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).......		1,551	0	1,551
12	Total. Add lines 1 through 11........	1,218,304		1,216,753	1,140,262
13	Compensation of officers, directors, trustees, etc.	204,669		0	0	204,669
14	Other employee salaries and wages......	531,250		0	0	531,250
15	Pension plans, employee benefits.......	28,597		0	0	28,597
16a	Legal fees (attach schedule).........		9,488	0	0	9,488
b	Accounting fees (attach schedule).......		64,554	0	0	64,554
c	Other professional fees (attach schedule)....		166,652	64,199	0	102,453
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		51,413	11,070	0	40,343
19	Depreciation (attach schedule) and depletion...		5,507	0	0
20	Occupancy..............	24,321		0	0	24,321
21	Travel, conferences, and meetings.......	248,454		0	0	248,454
22	Printing and publications..........	3,096		0	0	3,096
23	Other expenses (attach schedule).......		514,404	1,378	0	513,026
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,852,405		76,647	0	1,770,251
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	1,852,405		76,647	0	1,770,251
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-634,101
b	Net investment income (if negative, enter -0-)			1,140,106
c	Adjusted net income (if negative, enter -0-)...				1,140,262

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.............	576,408	806,860	806,860
	2	Savings and temporary cash investments.........	149,381	33,684,720	33,684,720
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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
	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).......	24,969,747	3,609,607	3,609,607
	c	Investments—corporate bonds (attach schedule).......	16,189,353	0	0
	11	Investments—land, buildings, and equipment: basis 105,453
		Less: accumulated depreciation (attach schedule) 89,741	11,291	15,712	15,712
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	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)	41,896,180	38,116,899	38,116,899
	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	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	41,896,180	38,116,899
	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........
	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).....	41,896,180	38,116,899
	31	Total liabilities and net assets/fund balances (see instructions).	41,896,180	38,116,899

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

41,896,180

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

-634,101

Other increases not included in line 2 (itemize) bullet

64,199

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

41,326,278

Decreases not included in line 2 (itemize) bullet

3,209,379

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

38,116,899

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	AFLAC INC	2015-09-04	2019-07-02
b	AGGREKO PLC	2018-07-12	2019-07-02
c	AGGREKO PLC	2018-07-12	2019-07-03
d	AGGREKO PLC	2018-07-12	2019-07-10
e	AGGREKO PLC	2018-07-12	2019-07-15
	AMERISOURCESBERGEN CORP	2017-09-14	2018-11-16
	AMERISOURCESBERGEN CORP	2017-09-15	2018-11-16
	AMERISOURCESBERGEN CORP	2017-09-15	2018-11-19
	AMERISOURCESBERGEN CORP	2017-09-22	2018-11-19
	AMERISOURCESBERGEN CORP	2017-10-06	2018-11-19
	AMERISOURCESBERGEN CORP	2017-10-06	2018-11-27
	AMERISOURCESBERGEN CORP	2017-10-06	2019-01-17
	AMERISOURCESBERGEN CORP	2017-10-27	2019-01-17
	AMERISOURCESBERGEN CORP	2017-10-27	2019-07-01
	AMERISOURCESBERGEN CORP	2017-11-06	2019-07-01
	ATLANTIC POWER CORP	2018-06-19	2019-07-05
	ATLANTIC POWER CORP	2018-06-20	2019-07-05
	ATLANTIC POWER CORP	2018-06-20	2019-07-08
	ATLANTIC POWER CORP	2018-06-22	2019-07-08
	ATLANTIC POWER CORP	2018-06-22	2019-07-09
	ATLANTIC POWER CORP	2018-06-22	2019-07-10
	ATLANTIC POWER CORP	2018-06-22	2019-07-11
	ATLANTIC POWER CORP	2018-06-22	2019-07-12
	ATLANTIC POWER CORP	2018-06-22	2019-07-16
	ATLANTIC POWER CORP	2018-06-22	2019-07-22
	ATLANTIC POWER CORP	2018-06-25	2019-07-22
	ATLANTIC POWER CORP	2018-07-02	2019-07-22
	ATLANTIC POWER CORP	2018-07-02	2019-07-22
	ATLANTIC POWER CORP	2018-07-02	2019-07-23
	ATLANTIC POWER CORP	2018-07-02	2019-07-25
	ATLANTIC POWER CORP	2018-07-02	2019-07-31
	ATLANTIC POWER CORP	2018-07-23	2019-07-31
	ATLANTIC POWER CORP	2018-07-23	2019-08-01
	ATLANTIC POWER CORP	2018-07-23	2019-08-02
	ATLANTIC POWER CORP	2018-07-23	2019-08-08
	ATLANTIC POWER CORP	2018-07-23	2019-08-19
	ATLANTIC POWER CORP	2018-07-23	2019-08-26
	ATLANTIC POWER CORP	2018-07-23	2019-08-30
	ATLANTIC POWER CORP	2018-07-23	2019-09-04
	ATLANTIC POWER CORP	2018-07-27	2019-09-04
	ATLANTIC POWER CORP	2018-07-27	2019-09-05
	ATLANTIC POWER CORP	2018-07-27	2019-09-06
	ATLANTIC POWER CORP	2018-07-27	2019-09-13
	ATLANTIC POWER CORP	2018-07-27	2019-09-23
	ATLANTIC POWER CORP	2018-07-31	2019-09-23
	ATLANTIC POWER CORP	2018-07-31	2019-09-24
	ATLANTIC POWER CORP	2018-08-22	2019-09-24
	B. RILEY FINANCIAL INC	2019-02-11	2019-07-09
	B. RILEY FINANCIAL INC	2019-03-14	2019-07-09
	B. RILEY FINANCIAL INC	2019-03-14	2019-07-10
	B. RILEY FINANCIAL INC	2019-03-14	2019-07-16
	B. RILEY FINANCIAL INC	2019-03-14	2019-07-22
	B. RILEY FINANCIAL INC	2019-03-15	2019-07-22
	B. RILEY FINANCIAL INC	2019-03-18	2019-07-22
	B. RILEY FINANCIAL INC	2019-03-20	2019-07-22
	B. RILEY FINANCIAL INC	2019-03-20	2019-07-23
	B. RILEY FINANCIAL INC	2019-03-25	2019-07-23
	B. RILEY FINANCIAL INC	2019-04-01	2019-07-23
	B. RILEY FINANCIAL INC	2019-04-08	2019-07-23
	B. RILEY FINANCIAL INC	2019-04-08	2019-07-30
	B. RILEY FINANCIAL INC	2019-04-09	2019-07-30
	B. RILEY FINANCIAL INC	2019-04-09	2019-07-31
	B. RILEY FINANCIAL INC	2019-04-10	2019-07-31
	B. RILEY FINANCIAL INC	2019-04-10	2019-08-02
	B. RILEY FINANCIAL INC	2019-04-11	2019-08-02
	B. RILEY FINANCIAL INC	2019-04-12	2019-08-02
	DESPEGAR.COM CORP	2019-03-12	2019-07-08
	DESPEGAR.COM CORP	2019-03-12	2019-07-09
	DESPEGAR.COM CORP	2019-03-14	2019-07-09
	DESPEGAR.COM CORP	2019-03-15	2019-07-09
	DESPEGAR.COM CORP	2019-03-15	2019-07-10
	DESPEGAR.COM CORP	2019-03-18	2019-07-10
	DESPEGAR.COM CORP	2019-03-20	2019-07-10
	DESPEGAR.COM CORP	2019-03-22	2019-07-10
	DESPEGAR.COM CORP	2019-03-25	2019-07-10
	DESPEGAR.COM CORP	2019-03-25	2019-07-19
	DESPEGAR.COM CORP	2019-03-25	2019-07-23
	DESPEGAR.COM CORP	2019-04-01	2019-07-23
	DESPEGAR.COM CORP	2019-04-05	2019-07-23
	DESPEGAR.COM CORP	2019-04-08	2019-07-23
	DESPEGAR.COM CORP	2019-04-08	2019-08-16
	DESPEGAR.COM CORP	2019-04-09	2019-08-16
	DESPEGAR.COM CORP	2019-04-09	2019-08-21
	DESPEGAR.COM CORP	2019-04-10	2019-08-21
	DESPEGAR.COM CORP	2019-04-11	2019-08-21
	DORCHESTER MINERALS LP	2018-11-09	2019-07-09
	DORCHESTER MINERALS LP	2018-11-07	2019-07-09
	DORCHESTER MINERALS LP	2018-11-09	2019-07-10
	DORCHESTER MINERALS LP	2018-11-09	2019-07-10
	DORCHESTER MINERALS LP	2018-11-09	2019-07-10
	DORCHESTER MINERALS LP	2018-11-12	2019-07-10
	DORCHESTER MINERALS LP	2018-11-12	2019-07-12
	DORCHESTER MINERALS LP	2018-11-16	2019-07-12
	DORCHESTER MINERALS LP	2018-11-19	2019-07-12
	DORCHESTER MINERALS LP	2018-11-20	2019-07-12
	DORCHESTER MINERALS LP	2018-11-20	2019-07-15
	DORCHESTER MINERALS LP	2018-11-23	2019-07-15
	DORCHESTER MINERALS LP	2018-11-26	2019-07-15
	DORCHESTER MINERALS LP	2018-11-26	2019-07-16
	DORCHESTER MINERALS LP	2018-11-26	2019-07-18
	DORCHESTER MINERALS LP	2018-11-26	2019-07-19
	DORCHESTER MINERALS LP	2018-11-27	2019-07-19
	DORCHESTER MINERALS LP	2018-11-30	2019-07-19
	DORCHESTER MINERALS LP	2018-11-30	2019-07-22
	DORCHESTER MINERALS LP	2018-12-14	2019-07-22
	DORCHESTER MINERALS LP	2018-12-17	2019-07-22
	DORCHESTER MINERALS LP	2018-12-17	2019-07-23
	DORCHESTER MINERALS LP	2018-12-18	2019-07-23
	DORCHESTER MINERALS LP	2018-12-21	2019-07-23
	DORCHESTER MINERALS LP	2018-12-21	2019-07-26
	DORCHESTER MINERALS LP	2018-12-31	2019-07-26
	EXXON MOBIL CORP	2007-03-26	2018-10-18
	EXXON MOBIL CORP	2007-02-01	2018-10-18
	EXXON MOBIL CORP	2010-07-14	2019-07-08
	EXXON MOBIL CORP	2007-03-26	2019-07-08
	EXXON MOBIL CORP	2010-07-14	2019-07-09
	EXXON MOBIL CORP	2010-07-14	2019-07-10
	EXXON MOBIL CORP	2010-07-14	2019-07-12
	EXXON MOBIL CORP	2010-07-14	2019-07-22
	EXXON MOBIL CORP	2010-07-14	2019-07-23
	EXXON MOBIL CORP	2010-07-14	2019-08-16
	EXXON MOBIL CORP	2010-07-14	2019-08-19
	EXXON MOBIL CORP	2010-07-14	2019-08-19
	FALCON MINERALS CORP	2019-01-08	2019-07-23
	FALCON MINERALS CORP	2019-01-11	2019-07-23
	FALCON MINERALS CORP	2019-01-11	2019-07-30
	FALCON MINERALS CORP	2019-01-11	2019-08-16
	FALCON MINERALS CORP	2019-01-14	2019-08-16
	FALCON MINERALS CORP	2019-01-15	2019-08-16
	FALCON MINERALS CORP	2019-01-16	2019-08-16
	FALCON MINERALS CORP	2019-01-17	2019-08-16
	FALCON MINERALS CORP	2019-01-18	2019-08-16
	FALCON MINERALS CORP	2019-01-18	2019-08-19
	FALCON MINERALS CORP	2019-01-22	2019-08-19
	FALCON MINERALS CORP	2019-01-23	2019-08-19
	FALCON MINERALS CORP	2019-01-24	2019-08-19
	FALCON MINERALS CORP	2019-01-24	2019-08-21
	FALCON MINERALS CORP	2019-01-29	2019-08-21
	FALCON MINERALS CORP	2019-01-28	2019-08-21
	FALCON MINERALS CORP	2019-01-29	2019-08-22
	FALCON MINERALS CORP	2019-01-30	2019-08-22
	FALCON MINERALS CORP	2019-02-01	2019-08-22
	FALCON MINERALS CORP	2019-02-01	2019-08-29
	FALCON MINERALS CORP	2019-02-01	2019-08-30
	FALCON MINERALS CORP	2019-02-04	2019-08-30
	FALCON MINERALS CORP	2019-02-06	2019-08-30
	FALCON MINERALS CORP	2019-02-06	2019-09-04
	FALCON MINERALS CORP	2019-02-07	2019-09-04
	FALCON MINERALS CORP	2019-02-07	2019-09-05
	FALCON MINERALS CORP	2019-02-08	2019-09-05
	FALCON MINERALS CORP	2019-02-08	2019-09-06
	FALCON MINERALS CORP	2019-02-08	2019-09-13
	FALCON MINERALS CORP	2019-02-14	2019-09-13
	FALCON MINERALS CORP	2019-02-14	2019-09-20
	FALCON MINERALS CORP	2019-02-26	2019-09-20
	FALCON MINERALS CORP	2019-02-27	2019-09-20
	FALCON MINERALS CORP	2019-02-27	2019-09-23
	GARRETT MOTION INC	2019-03-14	2019-07-05
	GARRETT MOTION INC	2019-03-15	2019-07-05
	GARRETT MOTION INC	2019-03-20	2019-07-05
	GARRETT MOTION INC	2019-03-20	2019-07-08
	GARRETT MOTION INC	2019-03-22	2019-07-08
	GARRETT MOTION INC	2019-03-25	2019-07-08
	GARRETT MOTION INC	2019-03-25	2019-07-10
	GARRETT MOTION INC	2019-04-01	2019-07-10
	GARRETT MOTION INC	2019-04-01	2019-07-12
	INTERACTIVE BROKERS GRP	2019-01-11	2019-07-10
	INTERACTIVE BROKERS GRP	2019-01-14	2019-07-10
	INTERACTIVE BROKERS GRP	2019-01-15	2019-07-10
	INTERACTIVE BROKERS GRP	2019-01-15	2019-07-22
	INTERACTIVE BROKERS GRP	2019-01-23	2019-07-22
	INTERACTIVE BROKERS GRP	2019-01-23	2019-07-25
	INTERACTIVE BROKERS GRP	2019-01-24	2019-07-25
	INTERACTIVE BROKERS GRP	2019-01-28	2019-07-25
	INTERACTIVE BROKERS GRP	2019-01-29	2019-07-25
	INTERACTIVE BROKERS GRP	2019-01-29	2019-08-01
	INTERACTIVE BROKERS GRP	2019-01-30	2019-08-01
	INTERACTIVE BROKERS GRP	2019-02-01	2019-08-01
	INTERNATIONAL BUSINESS MACHINE CORP	2014-11-18	2019-02-25
	INTERNATIONAL BUSINESS MACHINE CORP	2015-03-06	2019-02-25
	INTERNATIONAL BUSINESS MACHINE CORP	2015-03-06	2019-02-27
	INTERNATIONAL BUSINESS MACHINE CORP	2015-04-08	2019-02-27
	INTERNATIONAL BUSINESS MACHINE CORP	2015-04-08	2019-03-12
	INTERNATIONAL BUSINESS MACHINE CORP	2015-09-04	2019-03-12
	INTERNATIONAL BUSINESS MACHINE CORP	2015-11-09	2019-03-12
	INTERNATIONAL BUSINESS MACHINE CORP	2015-11-09	2019-03-18
	INTERNATIONAL BUSINESS MACHINE CORP	2015-11-13	2019-03-18
	JEFFERIES FINL GROUP INC	2014-09-19	2019-07-01
	JEFFERIES FINL GROUP INC	2014-09-22	2019-07-01
	JEFFERIES FINL GROUP INC	2014-09-22	2019-07-05
	JEFFERIES FINL GROUP INC	2014-09-25	2019-07-05
	JEFFERIES FINL GROUP INC	2014-09-30	2019-07-05
	JEFFERIES FINL GROUP INC	2014-10-01	2019-07-05
	JEFFERIES FINL GROUP INC	2014-10-07	2019-07-05
	JEFFERIES FINL GROUP INC	2014-10-07	2019-07-08
	JEFFERIES FINL GROUP INC	2014-10-07	2019-07-08
	JEFFERIES FINL GROUP INC	2014-10-09	2019-07-08
	JEFFERIES FINL GROUP INC	2014-10-10	2019-07-08
	JEFFERIES FINL GROUP INC	2014-10-10	2019-07-12
	JEFFERIES FINL GROUP INC	2014-10-10	2019-07-15
	JEFFERIES FINL GROUP INC	2014-10-13	2019-07-15
	JEFFERIES FINL GROUP INC	2014-10-13	2019-07-16
	JEFFERIES FINL GROUP INC	2014-12-15	2019-07-16
	JEFFERIES FINL GROUP INC	2014-12-15	2019-07-18
	JEFFERIES FINL GROUP INC	2014-12-16	2019-07-18
	JEFFERIES FINL GROUP INC	2014-12-16	2019-07-19
	JEFFERIES FINL GROUP INC	2014-12-17	2019-07-19
	JEFFERIES FINL GROUP INC	2014-12-17	2019-07-23
	JEFFERIES FINL GROUP INC	2015-01-28	2019-07-23
	JEFFERIES FINL GROUP INC	2015-03-06	2019-07-23
	JEFFERIES FINL GROUP INC	2015-03-06	2019-07-24
	JEFFERIES FINL GROUP INC	2015-03-11	2019-07-24
	JEFFERIES FINL GROUP INC	2015-03-12	2019-07-24
	JEFFERIES FINL GROUP INC	2015-03-12	2019-07-26
	JEFFERIES FINL GROUP INC	2015-03-12	2019-07-30
	JEFFERIES FINL GROUP INC	2015-03-13	2019-07-30
	JEFFERIES FINL GROUP INC	2015-03-13	2019-08-07
	JEFFERIES FINL GROUP INC	2015-09-04	2019-08-07
	JEFFERIES FINL GROUP INC	2015-09-04	2019-08-08
	JEFFERIES FINL GROUP INC	2015-09-14	2019-08-08
	JEFFERIES FINL GROUP INC	2015-09-14	2019-08-16
	JEFFERIES FINL GROUP INC	2015-11-09	2019-08-16
	JEFFERIES FINL GROUP INC	2015-11-09	2019-08-19
	JEFFERIES FINL GROUP INC	2015-11-09	2019-08-21
	JEFFERIES FINL GROUP INC	2015-11-09	2019-08-22
	JEFFERIES FINL GROUP INC	2015-12-11	2019-08-22
	JEFFERIES FINL GROUP INC	2015-12-11	2019-08-29
	JEFFERIES FINL GROUP INC	2015-12-11	2019-08-30
	JEFFERIES FINL GROUP INC	2016-01-08	2019-08-30
	LIBERTY LATIN AMERICA	2019-01-22	2019-07-09
	LIBERTY LATIN AMERICA	2018-01-02	2019-07-10
	LIBERTY LATIN AMERICA	2018-01-10	2019-07-10
	LIBERTY LATIN AMERICA	2018-01-10	2019-07-16
	LIBERTY LATIN AMERICA	2018-01-12	2019-07-16
	LIBERTY LATIN AMERICA	1988-01-12	2019-07-17
	LIBERTY LATIN AMERICA	2018-01-12	2019-07-25
	LIBERTY LATIN AMERICA	2018-03-22	2019-07-25
	LIBERTY LATIN AMERICA	2018-04-02	2019-07-25
	LIBERTY LATIN AMERICA	2018-04-02	2019-08-07
	LIBERTY LATIN AMERICA	2018-04-10	2019-08-07
	LIBERTY LATIN AMERICA	2018-04-17	2019-08-07
	LIBERTY LATIN AMERICA	2018-04-17	2019-08-08
	LIBERTY LATIN AMERICA	2018-04-27	2019-08-08
	LIBERTY LATIN AMERICA	2018-04-27	2019-08-16
	LIBERTY LATIN AMERICA	2018-04-30	2019-08-16
	LIBERTY LATIN AMERICA	2018-08-24	2019-08-19
	LIBERTY LATIN AMERICA	2018-04-30	2019-08-19
	LIBERTY LATIN AMERICA	2018-07-24	2019-08-19
	LIBERTY LATIN AMERICA	2018-08-24	2019-08-21
	LIBERTY LATIN AMERICA	2018-08-24	2019-08-22
	LIBERTY LATIN AMERICA	2018-10-22	2019-08-22
	LIBERTY LATIN AMERICA	2018-11-19	2019-08-22
	LIBERTY LATIN AMERICA	2018-11-19	2019-08-26
	LIBERTY LATIN AMERICA	2018-11-19	2019-08-29
	LIBERTY LATIN AMERICA	2018-12-24	2019-08-29
	LIBERTY LATIN AMERICA	2018-12-24	2019-08-30
	LOWES CORPORATION	2018-07-11	2019-07-05
	LOWES CORPORATION	2018-05-03	2019-07-05
	LOWES CORPORATION	2018-06-04	2019-07-05
	LOWES CORPORATION	2018-06-14	2019-07-05
	LOWES CORPORATION	2018-07-11	2019-07-08
	LOWES CORPORATION	2018-07-11	2019-07-09
	LOWES CORPORATION	2018-07-17	2019-07-09
	LOWES CORPORATION	2018-08-22	2019-07-09
	LOWES CORPORATION	2018-08-22	2019-07-10
	LOWES CORPORATION	2018-08-22	2019-07-16
	LOWES CORPORATION	2018-09-10	2019-07-16
	LOWES CORPORATION	2018-09-10	2019-07-18
	LOWES CORPORATION	2018-10-22	2019-07-18
	LOWES CORPORATION	2018-10-22	2019-07-22
	LOWES CORPORATION	2018-11-27	2019-07-22
	LOWES CORPORATION	2018-12-14	2019-07-22
	LOWES CORPORATION	2018-12-14	2019-07-23
	LOWES CORPORATION	2018-12-24	2019-07-23
	LOWES CORPORATION	2018-12-24	2019-07-24
	LOWES CORPORATION	2019-02-11	2019-07-24
	MCKESSON CORPORATION	2017-09-14	2018-11-19
	MCKESSON CORPORATION	2017-09-15	2018-11-19
	MCKESSON CORPORATION	2017-09-22	2018-11-19
	MCKESSON CORPORATION	2017-09-22	2018-11-27
	MCKESSON CORPORATION	2017-10-27	2018-11-27
	MCKESSON CORPORATION	2018-05-09	2019-01-17
	MCKESSON CORPORATION	2017-10-27	2019-01-17
	MCKESSON CORPORATION	2017-11-06	2019-01-17
	MCKESSON CORPORATION	2018-05-09	2019-07-01
	MCKESSON CORPORATION	2018-05-09	2019-07-01
	MCKESSON CORPORATION	2018-05-09	2019-07-01
	SEACOR HOLDINGS INC	2015-09-14	2019-07-05
	SEACOR MARINE HOLDINGS INC	2015-09-14	2019-07-01
	SEACOR MARINE HOLDINGS INC	2017-11-06	2019-07-01
	SEACOR MARINE HOLDINGS INC	2017-11-06	2019-07-15
	SEACOR MARINE HOLDINGS INC	2017-11-06	2019-07-15
	SEACOR MARINE HOLDINGS INC	2017-11-06	2019-07-30
	WELLS FARGO & CO	2018-10-01	2019-07-09
	WELLS FARGO & CO	2018-12-14	2019-07-09
	WELLS FARGO & CO	2018-12-17	2019-07-09
	WELLS FARGO & CO	2019-01-15	2019-07-09
	WELLS FARGO & CO	2019-01-15	2019-07-23
	WELLS FARGO & CO	2019-02-26	2019-07-23
	WELLS FARGO & CO	2019-03-07	2019-07-23
	WELLS FARGO & CO	2019-03-07	2019-07-26
	WELLS FARGO & CO	2019-03-11	2019-07-26
	WELLS FARGO & CO	2019-03-11	2019-07-31
	WELLS FARGO & CO	2019-04-10	2019-07-31
	WELLS FARGO & CO	2019-04-12	2019-07-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	264,280	133,567	130,713
b	304,562	261,446	43,116
c	262,634	226,587	36,047
d	150,011	130,723	19,288
e	150,914	130,723	20,191
	183,254	168,296	14,958
	288,602	262,946	25,656
	195,047	172,608	22,439
	147,743	130,615	17,128
	143,004	126,098	16,906
	253,235	228,407	24,828
	75,961	79,484	-3,523
	41,399	41,326	73
	299,002	269,195	29,807
	114,968	100,581	14,387
	27,695	24,679	3,016
	20,647	18,656	1,991
	55,817	49,644	6,173
	17,852	16,201	1,651
	32,233	29,375	2,858
	61,456	55,711	5,745
	50,938	44,569	6,369
	64,937	55,711	9,226
	7,125	6,240	885
	16,326	15,038	1,288
	50,975	47,451	3,524
	5,279	4,803	476
	4,922	4,422	500
	72,288	66,035	6,253
	1,708	1,541	167
	12,247	11,246	1,001
	35,697	32,426	3,271
	48,042	43,551	4,491
	473	436	37
	44,092	40,015	4,077
	23,490	21,776	1,714
	15,107	14,004	1,103
	9,660	9,152	508
	2,076	1,958	118
	44,113	40,648	3,465
	953	851	102
	7,769	7,072	697
	47,939	42,561	5,378
	18,290	15,271	3,019
	826	706	120
	42,413	38,518	3,895
	7,335	6,589	746
	28,613	20,598	8,015
	6,559	5,407	1,152
	50,785	42,240	8,545
	10,047	8,448	1,599
	9,101	8,178	923
	23,204	20,865	2,339
	3,723	3,356	367
	35,426	31,860	3,566
	39,794	36,224	3,570
	47,077	42,581	4,496
	1,858	1,690	168
	4,162	3,865	297
	24,097	21,620	2,477
	29,001	26,001	3,000
	11,723	10,586	1,137
	45,554	40,971	4,583
	29,890	26,805	3,085
	26,386	23,695	2,691
	75,578	67,608	7,970
	60,876	76,732	-15,856
	41,156	51,598	-10,442
	51,737	62,277	-10,540
	43,114	52,242	-9,128
	8,298	9,839	-1,541
	18,571	21,488	-2,917
	55,963	63,335	-7,372
	55,963	59,595	-3,632
	209	222	-13
	34,881	37,002	-2,121
	20,329	22,364	-2,035
	53,560	59,381	-5,821
	54,892	59,108	-4,216
	5,758	6,224	-466
	38,703	53,107	-14,404
	14,286	19,127	-4,841
	12,394	15,537	-3,143
	44,675	56,585	-11,910
	20,860	25,812	-4,952
	71,530	70,812	718
	45,024	45,685	-661
	3,746	3,644	102
	13,031	12,664	367
	3,206	3,116	90
	38	37	1
	51,806	50,092	1,714
	52,903	48,238	4,665
	64,791	57,399	7,392
	19,505	16,658	2,847
	48,914	41,128	7,786
	25,590	21,338	4,252
	21,481	17,972	3,509
	11,649	9,637	2,012
	5,743	4,770	973
	2,318	1,927	391
	74,437	62,453	11,984
	19,816	16,674	3,142
	55,009	45,960	9,049
	86,502	71,476	15,026
	32,368	26,583	5,785
	44,293	36,152	8,141
	83,829	64,006	19,823
	67,604	50,259	17,345
	15,377	11,874	3,503
	88,814	68,775	20,039
	287,863	263,970	23,893
	41,123	37,545	3,578
	268,099	206,525	61,574
	114,899	113,130	1,769
	382,582	295,035	87,547
	387,538	295,035	92,503
	388,482	295,035	93,447
	373,270	295,035	78,235
	376,867	295,035	81,832
	170,111	147,518	22,593
	205,428	174,425	31,003
	3,058	2,604	454
	44,067	48,021	-3,954
	36,421	39,828	-3,407
	1,929	2,121	-192
	3,760	5,316	-1,556
	14,370	19,978	-5,608
	22,650	31,269	-8,619
	32,082	43,811	-11,729
	40,083	53,317	-13,234
	11,574	15,494	-3,920
	35,543	47,339	-11,796
	42,926	56,182	-13,256
	42,926	54,862	-11,936
	3,755	4,920	-1,165
	46,849	58,743	-11,894
	23,372	28,926	-5,554
	36,215	44,568	-8,353
	38,690	48,253	-9,563
	50,734	64,110	-13,376
	7,917	10,066	-2,149
	7,014	9,736	-2,722
	7,313	10,223	-2,910
	45,976	63,888	-17,912
	5,731	8,012	-2,281
	41,339	56,266	-14,927
	19,284	23,834	-4,550
	53,910	63,574	-9,664
	9,626	11,342	-1,716
	30,989	37,433	-6,444
	8,482	9,456	-974
	8,308	9,589	-1,281
	8,594	10,101	-1,507
	5,521	6,497	-976
	2,375	2,764	-389
	18,902	21,837	-2,935
	57,058	56,512	546
	56,503	54,251	2,252
	36,434	35,583	851
	23,952	23,395	557
	60,383	59,917	466
	5,654	5,543	111
	51,258	53,646	-2,388
	4,931	5,431	-500
	53,168	56,164	-2,996
	70,702	68,315	2,387
	30,376	29,511	865
	30,534	29,736	798
	61,572	63,523	-1,951
	62,665	62,779	-114
	23,050	22,603	447
	98,548	97,553	995
	99,157	97,907	1,250
	33,103	33,191	-88
	42,586	42,151	435
	100,550	98,953	1,597
	100,345	96,389	3,956
	408,818	474,279	-65,461
	159,529	181,663	-22,134
	369,457	423,191	-53,734
	195,570	227,904	-32,334
	20,520	23,973	-3,453
	114,664	119,057	-4,393
	428,292	416,974	11,318
	27,862	26,997	865
	458,188	433,435	24,753
	149,068	190,561	-41,493
	149,068	188,288	-39,220
	265,062	313,813	-48,751
	212,050	243,013	-30,963
	80,579	90,481	-9,902
	212,050	234,897	-22,847
	290,508	310,700	-20,192
	6,475	6,849	-374
	300,193	323,831	-23,638
	59,322	61,631	-2,309
	62,796	64,451	-1,655
	212,983	220,046	-7,063
	22,836	23,611	-775
	189,986	193,466	-3,480
	108,100	109,985	-1,885
	104,905	106,403	-1,498
	106,821	109,644	-2,823
	103,664	104,161	-497
	106,821	107,333	-512
	103,664	105,369	-1,705
	105,912	108,578	-2,666
	18,908	20,673	-1,765
	292,566	331,210	-38,644
	106,881	117,562	-10,681
	186,031	201,078	-15,047
	136,672	150,083	-13,411
	215,804	235,868	-20,064
	144,286	158,810	-14,524
	284,307	310,755	-26,448
	147,358	178,297	-30,939
	46,228	48,485	-2,257
	46,462	47,510	-1,048
	152,093	155,495	-3,402
	43,170	47,501	-4,331
	141,316	144,778	-3,462
	26,526	26,461	65
	188,081	189,005	-924
	28,352	28,256	96
	161,292	141,521	19,771
	187,006	166,397	20,609
	38,557	34,111	4,446
	137,468	117,065	20,403
	57,082	52,489	4,593
	105,968	130,206	-24,238
	64,098	76,755	-12,657
	18,687	22,361	-3,674
	151,507	185,578	-34,071
	170,490	208,468	-37,978
	73,687	90,642	-16,955
	57,621	69,998	-12,377
	38,165	43,668	-5,503
	19,010	22,260	-3,250
	112,601	131,918	-19,317
	33,979	39,294	-5,315
	10,200	11,489	-1,289
	159,793	174,594	-14,801
	12,797	14,859	-2,062
	28,330	31,963	-3,633
	35,298	39,834	-4,536
	81,767	90,764	-8,997
	45,525	53,871	-8,346
	1,634	1,853	-219
	78,481	86,751	-8,270
	124,494	136,453	-11,959
	46,013	49,716	-3,703
	79,055	89,675	-10,620
	12,972	14,312	-1,340
	27,668	24,146	3,522
	50,028	43,384	6,644
	168,639	150,032	18,607
	172,820	156,534	16,286
	43,205	38,516	4,689
	172,820	153,277	19,543
	278,428	247,986	30,442
	31,826	28,518	3,308
	221,400	198,973	22,427
	23,524	21,249	2,275
	138,852	124,996	13,856
	113,813	103,747	10,066
	50,736	46,211	4,525
	20,332	18,734	1,598
	250,756	215,510	35,246
	20,230	17,474	2,756
	103,953	91,088	12,865
	37,654	31,749	5,905
	82,248	69,411	12,837
	79,445	63,046	16,399
	23,553	18,435	5,118
	168,038	136,999	31,039
	106,709	129,816	-23,107
	338,959	406,464	-67,505
	122,527	149,498	-26,971
	124,891	153,481	-28,590
	145,955	159,018	-13,063
	35,179	40,889	-5,710
	106,534	115,971	-9,437
	84,205	91,388	-7,183
	324,636	350,604	-25,968
	40,277	43,505	-3,228
	13,426	14,506	-1,080
	235,251	184,218	51,033
	75,396	114,399	-39,003
	5,849	5,534	315
	2,454	2,384	70
	718	695	23
	13,400	13,196	204
	33,388	36,557	-3,169
	106,078	104,538	1,540
	93,677	92,681	996
	5,342	5,354	-12
	80,958	81,604	-646
	152,051	159,329	-7,278
	4,126	4,315	-189
	180,231	181,494	-1,263
	66,054	66,990	-936
	26,458	27,026	-568
	96,443	93,601	2,842
	184,083	175,163	8,920

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			130,713
b			43,116
c			36,047
d			19,288
e			20,191
			14,958
			25,656
			22,439
			17,128
			16,906
			24,828
			-3,523
			73
			29,807
			14,387
			3,016
			1,991
			6,173
			1,651
			2,858
			5,745
			6,369
			9,226
			885
			1,288
			3,524
			476
			500
			6,253
			167
			1,001
			3,271
			4,491
			37
			4,077
			1,714
			1,103
			508
			118
			3,465
			102
			697
			5,378
			3,019
			120
			3,895
			746
			8,015
			1,152
			8,545
			1,599
			923
			2,339
			367
			3,566
			3,570
			4,496
			168
			297
			2,477
			3,000
			1,137
			4,583
			3,085
			2,691
			7,970
			-15,856
			-10,442
			-10,540
			-9,128
			-1,541
			-2,917
			-7,372
			-3,632
			-13
			-2,121
			-2,035
			-5,821
			-4,216
			-466
			-14,404
			-4,841
			-3,143
			-11,910
			-4,952
			718
			-661
			102
			367
			90
			1
			1,714
			4,665
			7,392
			2,847
			7,786
			4,252
			3,509
			2,012
			973
			391
			11,984
			3,142
			9,049
			15,026
			5,785
			8,141
			19,823
			17,345
			3,503
			20,039
			23,893
			3,578
			61,574
			1,769
			87,547
			92,503
			93,447
			78,235
			81,832
			22,593
			31,003
			454
			-3,954
			-3,407
			-192
			-1,556
			-5,608
			-8,619
			-11,729
			-13,234
			-3,920
			-11,796
			-13,256
			-11,936
			-1,165
			-11,894
			-5,554
			-8,353
			-9,563
			-13,376
			-2,149
			-2,722
			-2,910
			-17,912
			-2,281
			-14,927
			-4,550
			-9,664
			-1,716
			-6,444
			-974
			-1,281
			-1,507
			-976
			-389
			-2,935
			546
			2,252
			851
			557
			466
			111
			-2,388
			-500
			-2,996
			2,387
			865
			798
			-1,951
			-114
			447
			995
			1,250
			-88
			435
			1,597
			3,956
			-65,461
			-22,134
			-53,734
			-32,334
			-3,453
			-4,393
			11,318
			865
			24,753
			-41,493
			-39,220
			-48,751
			-30,963
			-9,902
			-22,847
			-20,192
			-374
			-23,638
			-2,309
			-1,655
			-7,063
			-775
			-3,480
			-1,885
			-1,498
			-2,823
			-497
			-512
			-1,705
			-2,666
			-1,765
			-38,644
			-10,681
			-15,047
			-13,411
			-20,064
			-14,524
			-26,448
			-30,939
			-2,257
			-1,048
			-3,402
			-4,331
			-3,462
			65
			-924
			96
			19,771
			20,609
			4,446
			20,403
			4,593
			-24,238
			-12,657
			-3,674
			-34,071
			-37,978
			-16,955
			-12,377
			-5,503
			-3,250
			-19,317
			-5,315
			-1,289
			-14,801
			-2,062
			-3,633
			-4,536
			-8,997
			-8,346
			-219
			-8,270
			-11,959
			-3,703
			-10,620
			-1,340
			3,522
			6,644
			18,607
			16,286
			4,689
			19,543
			30,442
			3,308
			22,427
			2,275
			13,856
			10,066
			4,525
			1,598
			35,246
			2,756
			12,865
			5,905
			12,837
			16,399
			5,118
			31,039
			-23,107
			-67,505
			-26,971
			-28,590
			-13,063
			-5,710
			-9,437
			-7,183
			-25,968
			-3,228
			-1,080
			51,033
			-39,003
			315
			70
			23
			204
			-3,169
			1,540
			996
			-12
			-646
			-7,278
			-189
			-1,263
			-936
			-568
			2,842
			8,920

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	266,053
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	188,011

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	2,268,333	42,425,104	0.053467
2016	2,475,154	42,182,329	0.058678
2015	2,554,120	40,465,819	0.063118
2014	2,906,128	46,607,564	0.062353
2013	3,634,885	64,673,251	0.056204

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

0.293820

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 ......

0.058764

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

38,135,752

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

2,241,009

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

11,401

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

2,252,410

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

1,780,180

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	22,802
	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	22,802
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	22,802
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	43,543
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	43,543
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	20,741
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax20,741	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

Yes

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

CLAYMATH.ORG

The books are in care of bullet

THE CORPORATION Telephone no. bullet

(603) 371-9032

Located at bullet

1624 MARKET ST STE 226 17261DENVERCO ZIP+4 bullet

802022523

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
MARTIN BIRDSON	PRESIDENT 40.00	126,336	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	PRESIDENT 40.00	126,336	0
LAVINIA D CLAY	SECRETARY/DIRECTOR 5.00	0	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	SECRETARY/DIRECTOR 5.00	0	0
THOMAS M CLAY	DIRECTOR 5.00	0	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	DIRECTOR 5.00	0	0
BRIAN JAMES	CHIEF ADMIN OFFICER (ENDED 9/19) 40.00	78,333	3,270
1624 MARKET ST STE 226 17261 DENVER,CO80202	CHIEF ADMIN OFFICER (ENDED 9/19) 40.00	78,333	3,270

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
SIMION FILIP	RESEARCH FELLOW 40.00	82,500	6,674	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	RESEARCH FELLOW 40.00	82,500	6,674	0
YUE YU	RESEARCH FELLOW 40.00	87,083	0	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	RESEARCH FELLOW 40.00	87,083	0	0
AKHIL MATHEW	RESEARCH FELLOW 40.00	80,000	5,616	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	RESEARCH FELLOW 40.00	80,000	5,616	0
ALEXANDER M WRIGHT	RESEARCH FELLOW 40.00	67,500	6,455	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	RESEARCH FELLOW 40.00	67,500	6,455	0
ALEKSANDR LOGUNIV	RESEARCH FELLOW 40.00	58,333	0	0
1624 MARKET ST STE 226 17261 DENVER,CO80202	RESEARCH FELLOW 40.00	58,333	0	0
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	CREATE NEW MATHEMATICAL KNOWLEDGE UTILIZING CMI PRIZEFELLOWS AND CMI SCHOLARS TO PERFORM CREATIVE MATHEMATICALRESEARCH.	882,305
2	DISSEMINATE MATHEMATICAL INSIGHT BY ORGANIZING WORKSHOPS,CONFERENCES, LECTURE SERIES, AND SUMMER SCHOOLS TO BRINGMATHEMATICAL DEVELOPMENTS TO THE ATTENTION OF OTHERS.	530,596
3	INSPIRE TALENTED STUDENTS IN PARTNERSHIP WITH OTHERINSTITUTIONS, RUN SUMMER PROGRAMS, AND ENCOURAGE OUTSTANDINGSTUDENTS TO PURSUE CAREERS IN MATHEMATICS.	185,991
4		0

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

37,882,888

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

833,612

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

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

38,716,500

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

38,716,500

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

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

580,748

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

38,135,752

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

1,906,788

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

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

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

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

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

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

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

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

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

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 ..........

1,770,251

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

9,929

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

1,780,180

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

1,780,180

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
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......
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: $
a Applied to 2017, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2018 distributable amount.....
e Remaining amount distributed out of corpus
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
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 ..........
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 ......
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....

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
	1,140,262	782,901	768,244	647,309	3,338,716
b 85% of line 2a .........	969,223	665,466	653,007	550,213	2,837,909
c Qualifying distributions from Part XII, line 4 for each year listed .....	1,780,180	2,274,790	2,475,154	2,559,674	9,089,798
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	1,780,180	2,274,790	2,475,154	2,559,674	9,089,798
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	38,116,899	41,896,180	42,908,100	41,591,549	164,512,728
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	1,271,192	1,414,170	1,406,077	1,348,861	5,440,300
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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

Total ................................. 3a				0

bApproved for future payment

Total ................................. 3b				0

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 ...........			14	56,030
4 Dividends and interest from securities....			14	894,670
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	266,053
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aROYALTIES			15	1,323
bOTHER INCOME			01	228
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,218,304	0

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

1,218,304

(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

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
WOLF & COMPANY, P.C.	40,115	0	0	40,115
Z&L ASSOCIATES	24,439	0	0	24,439

Name of Stock	End of Year Book Value	End of Year Fair Market Value
SHINOKEN GROUP CO	2,419,572	2,419,572
OXURION NV-THROMBOGENICS	1,190,035	1,190,035

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK SERVICE CHARGES	1,378	1,378	0
ADVISORY BOARD	55,000	0	55,000
OFFICE SUPPPLIES	334	0	334
FORM 5500 FEE	2,000	0	2,000
DUES AND SUBSCRIPTIONS	991	0	991
OFFICE EXPENSES	13,480	0	13,480
PAYROLL PROCESSING FEES	3,721	0	3,721
SPEAKER HONORARIUM	30,000	0	30,000
PHONE, POSTAGE & MAIL	1,071	0	1,071
OTHER OFFICE EXPENSES	571	0	571
BOOKS-VIDEO PURCHASE	929	0	929
IT	13,529	0	13,529
POSTAGE & DELIVERY	625	0	625
MATHEMATICAL EDUCATIONAL PROGRAMS & WORKSHOPS	390,775	0	390,775

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
OTHER CONSULTANT FEES	8,000	0	8,000
OXFORD UNIVERSITY ADMIN FEE	94,453	0	94,453
EAST HILL MGMT - INV ADV FEE	64,199	64,199	0