Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 08-01-2018 , and ending 07-31-2019
Name of foundation
Bernard and Sandra Otterman Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

26-0705785
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,400,886J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 51
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,444 4,444  
4 Dividends and interest from securities... 114,191 111,691  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -38,410
b Gross sales price for all assets on line 6a 5,704,827
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 3,947    
12 Total. Add lines 1 through 11........ 84,223 116,135  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,600 0 0 6,600
c Other professional fees (attach schedule).... Click to see attachment 13,912 13,912    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,355 3,055    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 102     102
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,698 500   12,198
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 39,667 17,467 0 18,900
25 Contributions, gifts, grants paid....... 143,241 143,241
26 Total expenses and disbursements. Add lines 24 and 25 182,908 17,467 0 162,141
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -98,685
b Net investment income (if negative, enter -0-) 98,668
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,848,360 182,982 182,982
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   5,546    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 422,446 Click to see attachment813,374 826,965
b Investments—corporate stock (attach schedule)....... 1,405,553 Click to see attachment2,195,181 2,593,359
c Investments—corporate bonds (attach schedule)....... 71,903 Click to see attachment1,767,252 1,797,580
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,428,738    
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,072 Click to see attachment5,072  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,187,618 4,963,861 5,400,886
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 13,867  
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) 6  
23 Total liabilities (add lines 17 through 22)......... 13,873 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 1,340  
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,172,405 4,963,861
30 Total net assets or fund balances (see instructions)..... 5,173,745 4,963,861
31 Total liabilities and net assets/fund balances (see instructions). 5,187,618 4,963,861
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,173,745
2
Enter amount from Part I, line 27a .....................
2
-98,685
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,075,060
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
111,199
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
4,963,861
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 5,704,827   5,743,237 -38,410
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -38,410
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 166,200 3,006,801 0.055275
2016 119,478 1,000,286 0.119444
2015 148,508 707,625 0.209868
2014 0 369,392 0.0
2013 16,000 303,867 0.052655
2
Total of line 1, column (d) .....................
2
0.437242
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.087448
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,236,927
5
Multiply line 4 by line 3......................
5
457,959
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
987
7
Add lines 5 and 6........................
7
458,946
8
Enter qualifying distributions from Part XII, line 4,.............
8
162,141
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1,973
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 1,973
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,973
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,614
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,614
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 640
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet640 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Sharon Otterman Agashiwala Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michelle Emmett Dir, Vice-Chair
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Michael Otterman Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Sandra Otterman Dir, Pres
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,578,942
    b
    Average of monthly cash balances.......................
    1b
    737,735
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,316,677
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    5,316,677
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    79,750
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,236,927
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    261,846
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    261,846
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,973
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,973
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    259,873
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    259,873
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    259,873
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    162,141
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    162,141
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    162,141
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 259,873
    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...... 107,396
    d From 2016...... 69,977
    e From 2017...... 16,683
    fTotal of lines 3a through e........ 194,056
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 162,141
    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..... 162,141
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 97,732 97,732
    (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 96,324
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		96,324
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015.... 9,664
    c Excess from 2016.... 69,977
    d Excess from 2017.... 16,683
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A WALK ON WATER INC
    501-I S REINO RD STE 285
    NEWBURY PARK,CA91320     		N/A PC General & Unrestricted 500
    ASHOKA
    1700 N MOORE ST STE 2000
    ARLINGTON,VA22209     		N/A PC General & Unrestricted 1,000
    BLACKSMITH INSTITUTE INC
    475 RIVERSIDE DR RM 860
    NEW YORK,NY10115     		N/A PC General & Unrestricted 500
    CANCER RESEARCH INSTITUTE INC
    29 BROADWAY 4TH FL
    NEW YORK,NY10006     		N/A PC Throat and Lung Immunotherapy 600
    CENTER FOR CIVILIANS IN CONFLICT
    PO BOX 33252
    WASHINGTON,DC20036     		N/A PC Playbook on Civilian Harm Mitigation for Defense Security Cooperation Agency Project 20,000
    CENTER FOR HIGHER EDUCATION IN THE MIDDLE EAST INC
    45 PROSPECT ST
    CAMBRIDGE,MA02139     		N/A PC General & Unrestricted 22,500
    CENTER FOR HIGHER EDUCATION IN THE MIDDLE EAST INC
    45 PROSPECT ST
    CAMBRIDGE,MA02139     		N/A PC 2019 Oleander Initiative 20,000
    DIRECT RELIEF
    6100 WALLACE BECKNELL RD
    SANTA BARBARA,CA93117     		N/A PC Disease Prevention and Maternal Health 600
    FAIRCHILD TROPICAL BOTANIC GARDEN
    10901 OLD CUTLER RD
    CORAL GABLES,FL33156     		N/A PC General & Unrestricted 300
    HIAS INC
    411 5TH AVE 10TH FL
    NEW YORK,NY10016     		N/A PC General & Unrestricted 1,000
    HIDDEN HARBOR MARINE ENVIRONMENTAL PROJECT INC
    2396 OVERSEAS HWY
    MARATHON,FL33050     		N/A PC Turtle Care and Rehabilitation 300
    HOFSTRA UNIVERSITY
    102F HOFSTRA HALL 101 HOFSTRA UNIVE
    HEMPSTEAD,NY11549     		N/A PC General & Unrestricted 7,808
    HOLOCAUST MEMORIAL & EDUCATIONAL CENTER OF NASSAU
    100 CRESCENT BEACH RD
    GLEN COVE,NY11542     		N/A PC One Act of Courage: Three Year Program 33,333
    KIND INC
    1201 L ST NW FL 2
    WASHINGTON,DC20005     		N/A PC General & Unrestricted 1,000
    MEDECINS SANS FRONTIERES USA INC - DOCTORS WITHOUT
    PO BOX 5030
    HAGERSTOWN,MD21741     		N/A PC General & Unrestricted 600
    NORTH SHORE ANIMAL LEAGUE AMERICA INC
    25 DAVIS AVE
    PORT WASHINGTON,NY11050     		N/A PC Rescue and care for puppies and kittens 600
    P E F ISRAEL ENDOWMENT FUNDS INC
    630 3RD AVE 15TH FL
    NEW YORK,NY10017     		N/A PC General & Unrestricted 24,000
    SECOND CHANCE INC
    1700 RIDGELY ST
    BALTIMORE,MD21230     		N/A PC Deconstruction and Work Force Training 5,000
    SOUL FOUNDATION INC
    PO BOX 404
    SUFFERN,NY10901     		N/A PC General & Unrestricted 500
    THE TREVOR PROJECT INC
    8704 SANTA MONICA BLVD
    WEST HOLLYWOOD,CA90069     		N/A PC General & Unrestricted 500
    UMMEED CHILD DEVELOPMENT FUND INC
    218 HARVARD ST
    QUINCY,MA02170     		N/A PC General & Unrestricted 500
    WILDLIFE CONSERVATION SOCIETY
    2300 SOUTHERN BLVD
    BRONX,NY10460     		N/A PC Prevent Wildlife Extinction 600
    WOMENS REFUGEE COMMISSION INC
    15 W 37TH ST NO 9TH FL
    NEW YORK,NY10018     		N/A PC General & Unrestricted 1,000
    WORLD SAVVY INC
    600 CALIFORNIA ST 11TH FL
    SAN FRANCISCO,CA94108     		N/A PC General & Unrestricted 500
    Total .................................bullet 3a 143,241
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,444  
    4 Dividends and interest from securities....     14 114,191  
    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 -38,410  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aLOAN FORGIVENESS     		    01 3,947  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   84,172  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    84,172
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RETURN PREP/ TAX CONSULTATION 6,600     6,600

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

    TY 2018 DepreciationSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE INC - 2.900% - 11/06/20 9,995 10,089
    AMGEN INC NOTE - 2.650% - 05/1 9,992 10,058
    ANTHEM INC NOTE - 3.650% - 12/ 9,926 10,335
    APPLE INC - 2.850% - 02/23/202 20,110 20,454
    AT&T INC - 4.125% - 02/17/2026 10,090 10,701
    BANK AMER CORP - 3.500% - 04/1 15,153 15,669
    BANK OF CHINA - 2.400% - 10/15 100,000 100,082
    BANK OF NEW YORK MELLON - 2.95 15,044 15,291
    CITIGROUP INC NOTE - 3.668% - 14,794 15,651
    COMCAST CORP - 3.150% - 03/01/ 14,781 15,544
    COMENITY CAP BK - 2.700% - 04/ 75,000 76,031
    CVS HEALTH CORP NOTE - 4.100% 10,348 10,515
    DEERE JOHN CAP CORP - 3.650% - 15,708 15,814
    DIAGEO INVT CORP - 2.875% - 05 15,166 15,230
    ENBRIDGE INC BOND - 4.000% - 1 5,221 5,249
    GOLDMAN SACHS BANK - 2.700% - 80,000 81,102
    GOLDMAN SACHS BANK - 2.800% - 80,000 81,349
    GOLDMAN SACHS BANK - 3.000% - 80,000 81,789
    GOLDMAN SACHS GROUP INC - 4.00 10,210 10,556
    JPMORGAN CHASE &CO - 3.782% - 15,163 15,941
    LOCKHEED MARTIN CORP - 3.350% 5,129 5,115
    MEDTRONIC INC - 3.150% - 03/15 6,145 6,149
    MERCK &CO INC - 3.400% - 03/07 15,027 15,950
    MICROSOFT CORP NOTE CALL - 2.8 20,144 20,612
    MORGAN STANLEY SR NT-F - 3.750 10,207 10,399
    NEXTERA ENERGY - 2.900% - 04/0 5,078 5,083
    NOVARTIS CAPITAL CORP - 3.000% 15,146 15,499
    OREGON SCH BRDS ASSN LTD TAX P 87,547 93,844
    PNC FINL SVCS - 3.500% - 01/23 10,215 10,465
    SALLIE MAE BANK - 2.600% - 04/ 200,000 202,569
    SCHLUMBERGER - 3.650% - 12/01/ 10,426 10,449
    SHELL INT'L FINANCE - 2.875% - 14,859 15,416
    TIME WARNER COS INC - 8.300% - 66,364 68,154
    TORONTO DOMINION BANK - 2.125% 14,928 14,971
    UBS BANK UT US - 2.500% - 04/1 140,000 141,064
    UBS BK USA SALT LAKE CITY UT U 100,000 100,977
    UNITEDHEALTH GROUP INC - 2.875 15,253 15,191
    US BANCORP - 2.375% - 07/22/20 18,961 19,783
    VERIZON COMMUNICATIONS - 3.500 10,284 10,473
    WELLS FARGO BANK NATL ASSN CD 199,999 200,681
    WELLS FARGO BK - 2.700% - 04/1 40,000 40,304
    WELLS FARGO BK - 2.800% - 04/1 140,000 141,904
    WESTPAC BANKING CP - 2.500% - 14,839 15,078

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Name of Stock End of Year Book Value End of Year Fair Market Value
    A P MOLLAR MAERSK A 23,661 19,525
    ADOBE SYSTEMS, INC 25,058 28,392
    AGCO CP 25,894 29,491
    ALCON INC 13,827 14,629
    ALLEGION PLC 23,773 25,574
    AMAZON COM 136,925 158,675
    AMERIPRISE FINANCIAL INC 18,444 20,371
    APPLE INC 80,079 298,255
    ASHTEAD GROUP PLC 25,094 26,486
    BIO RAD LABS INC CL A 27,965 31,805
    BRAMBLES LTD UNSP AD 33,251 35,561
    CHINA MOBILE HGK LTD 18,990 15,336
    COMCAST CORP 36,427 39,501
    COMPAGNIE FINANCIERE RICHEMONT 24,001 27,226
    CONTL AG SPONS ADR 21,137 18,741
    COSTCO WHOLESALE CORPORATION 94,983 135,333
    CYCLERION THERAPEUTICS INC 1,720 669
    DELTA AIR LINES INC 28,746 31,069
    ECOLAB INC 38,203 45,591
    ELANCO ANIMAL HEALTH INCORPORA 15,848 16,974
    ELECTRONIC ARTS 16,635 15,818
    ELI LILLY & CO 13,214 11,331
    ENTERTAINMENT ONE LTD 15,002 14,470
    EOG RESOURCES INC 18,043 16,483
    EQUINOR ASA 19,645 16,350
    ERSTE GROUP BANK AG 15,706 15,423
    GARDNER DENVER INC 17,608 21,859
    GENMAB A/S 12,137 12,584
    GLAXOSMITHKLINE PLC 26,407 27,080
    HESS CORP 31,709 35,792
    ILLUMINA INC COM 50,708 59,875
    INCYTE CORPORATION 19,630 19,447
    INTEL CORP 51,780 50,550
    INVESTORS BANCORP, INC 11,007 9,883
    IRONWOOD PHARMACEUTICALS INC 21,326 18,688
    JOHNSON & JOHNSON 29,108 27,607
    JUNGHEINRICH NON VTG 16,900 12,269
    KAO CORP 27,480 25,679
    KION GROUP AG ADR 13,755 12,548
    KONINKLIJKE DSM NV ADR 20,055 23,160
    LABORATORY CORP AMER HLDGS 17,944 18,930
    LANXESS AG 19,123 21,129
    LINDE PLC COM 32,390 35,578
    LIVANOVA PLC 11,490 9,477
    MAKITA CORP 36,338 32,966
    MARSH AND MCLENNAN COMPANIES I 37,622 40,014
    MEDICINES COMPANY 7,187 10,286
    MEDTRONIC PLC 10,832 11,927
    MICRON TECHNOLOGY 21,060 23,298
    MICROSOFT CORP 42,976 52,191
    MINEBEA CO LTD 12,498 13,544
    MOHAWK INDS INC 30,010 24,190
    MSA SAFETY INCORPORATED 14,221 14,117
    NASPERS LTD N SPONS ADR 23,888 26,656
    NINTENDO CO LTD ADR UNSPON 18,980 24,250
    NORDEA BANK ABP 27,244 19,068
    NOVARTIS AG ADR 26,898 30,588
    NXP SEMICONDUCTORS 20,205 22,849
    ORIX CORP ADS 13,202 12,770
    PING AN INSURANCE GROUP ADR 27,799 31,008
    PROCTER GAMBLE CO 20,926 27,739
    PT BK MANDIR PRS UNSP/ADR 17,942 19,608
    SAGE GROUP PLC 34,816 34,865
    SAP AKTIENGESELL ADS 17,952 20,669
    SIMON PPTY GROUP INC 36,061 32,764
    SONY CORP ADR 17,246 20,413
    SPDR GOLD SHARES 100,624 106,567
    SPECTRIS PLC 28,107 24,370
    STARBUCKS CORP COM 14,763 23,673
    T. ROWE PRICE ASSOCIATES 32,720 37,079
    TAKEDA PHARMACEUTICAL COMPANY 28,930 25,274
    TJX COMPANIES INC 35,898 37,865
    UNILEVER N V N Y 32,910 35,221
    UNITEDHEALTH GROUP INC 38,869 38,846
    US BANCORP 17,189 19,031
    VISA INC 28,412 34,176
    WALT DISNEY HOLDINGS CO 13,567 43,618
    WESTERN DIGITAL CORP 23,947 27,915
    ZURICH INS GROU ADR 40,514 42,730

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    US Government Securities - End of Year Book Value:

    437,241
    US Government Securities - End of Year Fair Market Value:

    446,019
    State & Local Government Securities - End of Year Book Value:


    376,133
    State & Local Government Securities - End of Year Fair Market Value:


    380,946


    TY 2018 OtherAssetsSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INCORPORATION FEE   5,072  


    TY 2018 OtherDecreasesSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Description Amount
    PRIOR PERIOD ADJUSTMENT 111,199


    TY 2018 OtherExpensesSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 6,840     6,840
    Administrative Set-Up Fee 4,500     4,500
    Bank Charges 500 500    
    State or Local Filing Fees 25     25
    Website Hosting/Support 233     233
    FOUNDATION DUES & MEMBERSHIPS 600     600


    TY 2018 OtherIncomeSchedule2
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Loan Forgiveness 3,947    


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 13,912 13,912    


    TY 2018 TaxesSchedule
    Name:
    Bernard and Sandra Otterman Foundation
    EIN:
    26-0705785
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2019 2,300      
    990-PF Extension for 2017 1,000      
    Foreign Tax Paid 3,055 3,055