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 10-01-2018 , and ending 09-30-2019
Name of foundation
THE WILLIAM H PITT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)505 S FLAGLER DRIVE NO 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WEST PALM BEACH, FL33401
A Employer identification number

22-2570737
B Telephone number (see instructions)

(561) 758-8898
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$63,308,571J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 866,909 866,909  
5a Gross rents............ 433,016 433,016  
b Net rental income or (loss) 399,116
6a Net gain or (loss) from sale of assets not on line 10 502,704
b Gross sales price for all assets on line 6a 7,985,034
7 Capital gain net income (from Part IV, line 2)... 502,704
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 512,986 514,072  
12 Total. Add lines 1 through 11........ 2,315,615 2,316,701  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 399,933 95,227   304,706
14 Other employee salaries and wages...... 84,872 21,218   63,654
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 191,071 128,644   62,427
b Accounting fees (attach schedule)....... Click to see attachment 110,425 86,994   24,431
c Other professional fees (attach schedule).... Click to see attachment 193,799 192,293   1,506
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 183,219 14,511   17,014
19 Depreciation (attach schedule) and depletion... Click to see attachment 33,900 33,900  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 62,110 9,752   52,358
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,259,329 582,539   526,096
25 Contributions, gifts, grants paid....... 2,378,123 2,378,123
26 Total expenses and disbursements. Add lines 24 and 25 3,637,452 582,539   2,904,219
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,321,837
b Net investment income (if negative, enter -0-) 1,734,162
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............. 169,218 130,588 130,588
2 Savings and temporary cash investments......... 449,997 3,136,208 3,136,208
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 32,184    
10a Investments—U.S. and state government obligations (attach schedule) 1,474,793 Click to see attachment1,271,503 1,271,503
b Investments—corporate stock (attach schedule)....... 19,822,202 Click to see attachment19,759,768 19,759,768
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,645,314
Less: accumulated depreciation (attach schedule) bullet622,384 2,056,830 Click to see attachment2,022,930 5,056,620
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 21,986,057 Click to see attachment18,552,798 33,953,884
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,991,281 44,873,795 63,308,571
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment28,220 Click to see attachment913,200
23 Total liabilities (add lines 17 through 22)......... 28,220 913,200
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 45,963,061 43,960,595
30 Total net assets or fund balances (see instructions)..... 45,963,061 43,960,595
31 Total liabilities and net assets/fund balances (see instructions). 45,991,281 44,873,795
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
45,963,061
2
Enter amount from Part I, line 27a .....................
2
-1,321,837
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
909
4
Add lines 1, 2, and 3 ..........................
4
44,642,133
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
681,538
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
43,960,595
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 CHARLES SCHWAB      
b CHARLES SCHWAB      
c FIDELITY INVESTMENTS      
d FUNDAMENTAL GLOBAL PARTNERS P    
e MERRILL LYNCH      
MERRILL LYNCH      
ROBERT W. BAIRD      
ROBERT W. BAIRD      
TD AMERITRADE      
U.S. TRUST      
U.S. TRUST      
LOAN - NORTH FLORIDA MANGO CREDIT, LLC P    
(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 58,513   72,212 -13,699
b 218,615   230,132 -11,517
c 1,719,967   1,792,443 -72,476
d 1,128,944     1,128,944
e 1,045,293   1,226,839 -181,546
2,099,005   2,330,818 -231,813
35,230   37,174 -1,944
98,273   87,052 11,221
913,776   801,085 112,691
314,163   346,742 -32,579
353,255   368,803 -15,548
    189,030 -189,030
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       -13,699
b       -11,517
c       -72,476
d       1,128,944
e       -181,546
      -231,813
      -1,944
      11,221
      112,691
      -32,579
      -15,548
      -189,030
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 2 502,704
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 3,604,145 62,934,897 0.057268
2016 4,452,214 68,782,375 0.064729
2015 3,684,897 71,450,745 0.051573
2014 3,719,848 68,044,200 0.054668
2013 3,732,668 69,813,203 0.053467
2
Total of line 1, column (d) .....................
2
0.281705
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
0.056341
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
61,171,437
5
Multiply line 4 by line 3......................
5
3,446,460
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
17,342
7
Add lines 5 and 6........................
7
3,463,802
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,904,219
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 34,683
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 0
3 Add lines 1 and 2........................... 3 34,683
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 34,683
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 31,238
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 56,238
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 109
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 21,446
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet21,446 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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)
    bulletCT, FL
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJACKIE BRECKENRIDGE Telephone no.bullet (561) 758-8898

    Located atbullet320 TANGIER AVENUEPALM BEACHFL ZIP+4bullet33480
    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
    LARRY B ALEXANDER SECRETARY
    5.00     		76,006 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    KATE GUBELMANN DIRECTOR
    2.00     		28,128 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    CHARLES MALLORY DIRECTOR
    1.00     		0 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    PAULINE B PITT PRESIDENT
    30.00     		267,671 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    LESLY S SMITH DIRECTOR
    2.00     		28,128 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    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
    JACQUELINE BRECKENRIDGE ADMINISTRATOR
    40.00     		84,872 0 0
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    Total number of other employees paid over $50,000...................bullet 0
    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
    JONES FOSTER LEGAL SERVICES 107,471
    505 S FLAGLER DRIVE SUITE 1100
    WEST PALM BEACH,FL33401
    Total number of others receiving over $50,000 for professional services.............bullet0
    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.........................bullet0
    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
    22,784,812
    b
    Average of monthly cash balances.......................
    1b
    1,752,814
    c
    Fair market value of all other assets (see instructions)................
    1c
    37,565,356
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,102,982
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    62,102,982
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    931,545
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    61,171,437
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,058,572
    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
    3,058,572
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    34,683
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    34,683
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,023,889
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,023,889
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,023,889
    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
    2,904,219
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,904,219
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,904,219
    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 3,023,889
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 91,264
    b From 2014...... 171,196
    c From 2015...... 166,831
    d From 2016...... 1,214,607
    e From 2017...... 567,258
    fTotal of lines 3a through e........ 2,211,156
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,904,219
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 2,904,219
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 119,670 119,670
    (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 2,091,486
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		2,091,486
    10 Analysis of line 9:
    a Excess from 2014.... 142,790
    b Excess from 2015.... 166,831
    c Excess from 2016.... 1,214,607
    d Excess from 2017.... 567,258
    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).)
    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
    ACHIEVEMENT FIRST
    495 BLAKE STREET
    NEW HAVEN,CT06513     		NONE PC GENERAL 150,000
    ALL SAINTS CATHOLIC SCHOOL
    1759 INDIAN CREEK PARKWAY
    JUPITER,FL33458     		NONE PC GENERAL 10,000
    ARMOUR ARTS CENTER
    811 PARK PLACE
    WEST PALM BEACH,FL33480     		NONE PC GENERAL 25,000
    ASPEN VALLEY HOSPITAL FOUNDATION
    401 CASTLE CREEK ROAD
    ASPEN,CO81611     		NONE PC GENERAL 10,000
    BOY SCOUTS OF AMERICA - GULFSTREAM COUNCIL
    8335 N MILITARY TRAIL
    PALM BEACH GARDENS,FL33410     		NONE PC GENERAL 10,000
    BOYS & GIRLS CLUB OF PALM BEACH COUNTY
    800 NORTHPOINT PARKWAY 204
    WEST PALM BEACH,FL33407     		NONE PC GENERAL 105,000
    BRATTLEBORO MUSEUM OF ART
    10 VERNON STREET
    BRATTLEBORO,VT05301     		NONE PC GENERAL 10,000
    BREAST CANCER RESEARCH FOUNDATION
    60 EAST 56TH STREET 8TH FLOOR
    NEW YORK,NY10022     		NONE PC GENERAL 5,000
    BRUCE MUSEUM
    ONE BRUCE DRIVE
    GREENWICH,CT06830     		NONE PC GENERAL 20,000
    CARDINAL NEWMAN HIGH SCHOOL
    512 SPENCER DRIVE
    WEST PALM BEACH,FL33409     		NONE PC GENERAL 35,000
    CARIDAD CENTER
    8645 W BOYNTON BEACH BLVD
    BOYNTON BEACH,FL33472     		NONE PC GENERAL 20,000
    CASITA MARIA
    69 MONTGOMERY STREET UNIT 24
    JERSEY CITY,NJ07303     		NONE PC GENERAL 5,000
    CENTER FOR CREATIVE EDUCATION
    425 24TH STREET
    WEST PALM BEACH,FL33407     		NONE PC GENERAL 20,000
    COAST GUARD FOUNDATION
    394 TAUGWONK ROAD
    STONINGTON,CT063781807     		NONE PC GENERAL 5,000
    DARBSTER FOUNDATION
    1226 OMAR ROAD
    WEST PALM BEACH,FL33405     		NONE PC GENERAL 5,000
    DESIGN ONSCREEN
    789 SHERMAN STREET SUITE 130
    DENVER,CO80203     		NONE PC GENERAL 10,000
    DIOCESE OF BRIDGEPORT
    238 JEWETT AVENUE
    BRIDGEPORT,CT06606     		NONE PC GENERAL 35,000
    DOMUS FOUNDATION
    83 LOCKWOOD AVENUE
    STAMFORD,CT06902     		NONE PC GENERAL 75,000
    END ALLERGIES TOGETHER INC
    PO BOX 786
    FAIRFIELD,CT06824     		NONE PC GENERAL 7,500
    FAMILY CENTERS INC
    40 ARCH STREET
    GREENWICH,CT06830     		NONE PC GENERAL 25,000
    GLADES ACADEMY FOUNDATION INC
    ONE NORTH CLEMATIS STREET 200
    WEST PALM BEACH,FL33401     		NONE PC GENERAL 50,000
    GRAYBEARDS LTD
    12904 NEWPORT AVENUE
    BELLE HARBOR,NY11694     		NONE PC GENERAL 50,000
    GUIDE DOGS FOR THE BLIND
    PO BOX 3950
    SAN RAFAEL,CA949123950     		NONE PC GENERAL 2,000
    HORSES HEALING HEARTS
    10359 OAK MEADOW LANE
    WELLINGTON,FL33449     		NONE PC GENERAL 3,000
    HOUSANTONIC COUMMUNITY COLLEGE
    900 LAFAYETTE BLVD
    BRIDGEPORT,CT06604     		NONE PC GENERAL 20,000
    JOHNS HOPKINS UNIVERSITY
    3400 N CHARLES STREET
    BALTIMORE,MD21218     		NONE PC GENERAL 20,000
    KEEWAYDIN FOUNDATION
    950 WEST SHORE ROAD
    SALISBURY,VT05769     		NONE PC GENERAL 15,000
    KOLBE CATHEDRAL HIGH SCHOOL
    33 CALHOUN PLACE
    BRIDGEPORT,CT06604     		NONE PC GENERAL 20,000
    LESTER STOCKARD SCHOLARSHIP FUND
    9995 N MILITARY TRAIL
    PALM BEACH GARDENS,FL33410     		NONE PC GENERAL 40,000
    MARFA PUBLIC RADIO
    111 S HIGHLAND AVENUE
    MARFA,TX79843     		NONE PC GENERAL 7,000
    MARGAUX'S MIRACLE FOUNDATION
    2601 NW 29TH DRIVE
    BOCA RATON,FL33434     		NONE PC GENERAL 100,000
    MARY ALICE FORTIN CHILD CARE FOUNDATION
    PO BOX 4297
    WEST PALM BEACH,FL33402     		NONE PC GENERAL 30,000
    MUSEUM OF THE BIG BEND
    PO BOX C101 400 N HARRISON STREET
    ALPINE,TX79832     		NONE PC GENERAL 15,000
    MYSTIC SEAPORT
    PO BOX 6000
    MYSTIC,CT06355     		NONE PC GENERAL 10,000
    NATIONAL CAMPAIGN TO STOP THE VIOLENCE
    2021 MASSACHUSETTS AVENUE NW
    WASHINGTON,DC20036     		NONE PC DO THE RIGHT THING CAMPAIGN 30,000
    NEW BRITAIN MUSEUM OF AMERICAN ART
    56 LEXINGTON STREET
    NEW BRITAIN,CT06052     		NONE PC GENERAL 50,000
    NEW HOPE CHARITIES INC
    626 N DIXIE HIGHWAY
    WEST PALM BEACH,FL33401     		NONE PC GENERAL 9,250
    NORTON MUSEUM OF ART
    1451 S OLIVE AVENUE
    WEST PALM BEACH,FL33401     		NONE PC GENERAL 20,000
    NORWALK COMMUNITY COLLEGE FOUNDATION
    188 RICHARDS AVENUE
    NORWALK,CT06854     		NONE PC GENERAL 20,000
    OPPORTUNITY EARLY CHILDHOOD EDUCATION
    1713 QUAIL DRIVE
    WEST PALM BEACH,FL33409     		NONE PC GENERAL 10,000
    OXBRIDGE ACADEMY FOUNDATION INC
    3151 N MILITARY TRAIL
    WEST PALM BEACH,FL33409     		NONE PC GENERAL 25,000
    PALM BEACH COUNTY SHERIFF'S FOUNDATION
    3228 GUN CLUB ROAD
    WEST PALM BEACH,FL33406     		NONE PC GENERAL 10,000
    PALM BEACH ZOO
    1301 SUMMIT BLVD
    WEST PALM BEACH,FL334053098     		NONE PC GENERAL 25,000
    PARK SCHOOL OF BALTIMORE
    2425 OLD COURT ROAD
    BALTIMORE,MD21208     		NONE PC GENERAL 6,000
    PEGGY ADAMS ANIMAL RESCUE LEAGUE
    3200 N MILITARY TRAIL
    WEST PALM BEACH,FL334092733     		NONE PC GENERAL 238,000
    PLAYHOUSE THEATRE GROUP INC
    244 PARK ROAD
    WEST HARTFORD,CT061192040     		NONE PC GENERAL 5,000
    PRESERVATION FOUNDATION OF PALM BEACH
    311 PERUVIAN AVENUE
    PALM BEACH,FL33480     		NONE PC GENERAL 73,500
    REHABILITATION CENTER FOR CHILDREN & ADULTS INC
    300 ROYAL PALM WAY
    PALM BEACH,FL33480     		NONE PC GENERAL 10,000
    SACRED HEART UNIVERSITY
    5151 PARK AVENUE
    FAIRFIELD,CT068251000     		NONE PC GENERAL 75,000
    SAVE A PET
    PO BOX 2444
    PALM BEACH,FL33480     		NONE PC GENERAL 4,000
    ST ANN PLACE
    2107 NORTH DIXIE HIGHWAY
    WEST PALM BEACH,FL33407     		NONE PC GENERAL 40,000
    ST ANN'S CATHOLIC SCHOOL
    324 N OLIVE AVENUE
    WEST PALM BEACH,FL33401     		NONE PC GENERAL 10,000
    ST CLARE SCHOOL
    821 PROSPERITY FARMS ROAD
    NORTH PALM BEACH,FL33408     		NONE PC GENERAL 20,000
    ST JUDES CHILDREN RESEARCH HOSPITAL
    5201 BLUE LAGOON DRIVE SUITE 650
    MIAMI,FL33126     		NONE PC GENERAL 5,000
    SUL ROSS STATE UNIVERSITY
    PO BOX C101
    ALPINE,TX79832     		NONE PC GENERAL 10,000
    TABOR ACADEMY
    66 SPRING STREET
    MARION,MA02738     		NONE PC GENERAL 5,123
    THE BUCKLEY SCHOOL
    120 EAST 74TH STREET
    NEW YORK,NY10021     		NONE PC GENERAL 10,000
    THE BUDDY PROGRAM
    110 EAST HALLAM STREET SUITE 125
    ASPEN,CO81611     		NONE PC GENERAL 5,000
    THE FIRST TEE OF THE PALM BEACHES
    7301 N HAVERHILL ROAD
    WEST PALM BEACH,FL33407     		NONE PC GENERAL 17,750
    THE FRIENDS OF PALM BEACH
    PO BOX 3014
    PALM BEACH,FL33480     		NONE PC GENERAL 5,000
    THE NEWPORT HISTORICAL SOCIETY
    82 TOURO STREET
    NEWPORT,RI02840     		NONE PC GENERAL 10,000
    THE PRESERVATION SOCEITY OF NEWPORT COUNTY
    424 BELLEVUE AVENUE
    NEWPORT,RI02840     		NONE PC GENERAL 25,000
    THE PROMISE FUND
    340 POINCIANA WAY SUITE 328
    PALM BEACH,FL33480     		NONE PC GENERAL 5,000
    THE REDWOOD LIBRARY AND ANTHEAEUM
    50 BELLEVUE AVENUE
    NEWPORT,RI02840     		NONE PC GENERAL 10,000
    TOWN OF PALM BEACH UNITED WAY
    44 COCOANUT ROW M201
    PALM BEACH,FL33480     		NONE PC GENERAL 5,000
    UNIVERSITY OF CONNECTICUT
    2390 ALUMNI DRIVE UNIT 3206
    STORRS,CT062693206     		NONE PC GENERAL 20,000
    UNIVERSITY OF MIAMI - BASCOM PALMER EYE INSTITUTE
    7101 FAIRWAY DRIVE
    PALM BEACH GARDENS,FL33418     		NONE PC GENERAL 10,000
    VILLA MARIA EDUCATION CENTER
    161 SKY MEADOW DRIVE
    STAMFORD,CT06903     		NONE PC GENERAL 15,000
    WATERSIDE SCHOOL
    770 PACIFIC STREET
    STAMFORD,CT06902     		NONE PC GENERAL 50,000
    WILLIAM PITT CHILD DEVELOPMENT CENTER
    64 PALMERS HILL ROAD
    STAMFORD,CT06902     		NONE PC GENERAL 20,000
    YMCA OF THE PALM BEACHES
    2085 S CONGRESS AVENUE
    WEST PALM BEACH,FL33406     		NONE PC GENERAL 500,000
    Total .................................bullet 3a 2,378,123
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		         
    4 Dividends and interest from securities....     14 866,909  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 399,116  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     16 512,986  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 502,704  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,281,715 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,281,715
    (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:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 110,425 86,994   24,431

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

    TY 2018 DepreciationSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    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
    LAND 2000-09-09 316,462   L   0 0    
    BUILDING 2000-09-09 219,323 101,231 SL 39.000000000000 5,624 5,624    
    LAND IMPROVEMENTS 2000-09-09 14,215 14,215 SL 15.000000000000 0 0    
    LAND IMPROVEMENTS 2005-03-01 10,000 9,004 SL 15.000000000000 667 667    
    LAND IMPROVEMENTS 2006-03-01 12,820 10,687 SL 15.000000000000 855 855    
    LAND IMPROVEMENTS 2007-03-01 700 563 SL 15.000000000000 47 47    
    LAND 2000-09-09 387,207   L   0 0    
    BUILDING 2000-09-09 202,142 93,294 SL 39.000000000000 5,183 5,183    
    LAND IMPROVEMENTS 2000-09-09 25,651 25,651 SL 15.000000000000 0 0    
    LAND 2000-09-09 612,939   L   0 0    
    BUILDING 2000-09-09 667,061 307,872 SL 39.000000000000 17,104 17,104    
    ROOF/SIDING/HVAC 2012-11-28 176,794 25,967 SL 40.000000000000 4,420 4,420    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FIDELITY INVESTMENTS 3,140,384 3,140,384
    MERRILL LYNCH 7,053,810 7,053,810
    ROBERT W. BAIRD & CO 1,951,077 1,951,077
    STRATEGIC FINANCIAL SERVICES 2,055,449 2,055,449
    TD AMERITRADE 1,767,916 1,767,916
    U.S. TRUST 3,791,132 3,791,132

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    US Government Securities - End of Year Book Value:

    103,442
    US Government Securities - End of Year Fair Market Value:

    103,442
    State & Local Government Securities - End of Year Book Value:


    1,168,061
    State & Local Government Securities - End of Year Fair Market Value:


    1,168,061


    TY 2018 InvestmentsLandSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LAND 316,462 0 316,462  
    BUILDING 219,323 106,855 112,468  
    LAND IMPROVEMENTS 14,215 14,215 0  
    LAND IMPROVEMENTS 10,000 9,671 329  
    LAND IMPROVEMENTS 12,820 11,542 1,278  
    LAND IMPROVEMENTS 700 610 90  
    LAND 387,207 0 387,207  
    BUILDING 202,142 98,477 103,665  
    LAND IMPROVEMENTS 25,651 25,651 0  
    LAND 612,939 0 612,939  
    BUILDING 667,061 324,976 342,085  
    ROOF/SIDING/HVAC 176,794 30,387 146,407  

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIDELITY BUILDING COMPANY AT COST 2,181,266 4,467,760
    FUNDAMENTAL GLOBAL HOLDINGS, L.P. FMV 1,981,612 1,981,612
    GUN MILL COMPANY AT COST 0 250,000
    PALISADES MEDIA TARTAN, LLC AT COST 210,274 210,274
    SOUNDVIEW FARMS, LLC AT COST 3,419,693 8,214,238
    QUARRY ROAD AT COST 10,759,953 18,830,000

    TY 2018 LegalFeesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 191,071 128,644   62,427


    TY 2018 OtherDecreasesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Description Amount
    UNREALIZED GAINS (LOSSES) 681,538


    TY 2018 OtherExpensesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO EXPENSES 1,369 685   684
    BANK SERVICE CHARGE 20 20   0
    COMPUTER EXPENSES 7,858 3,929   3,929
    CONSULTING FEES 36,000 1,544   34,456
    DUES & SUBSCRIPTIONS 88 88   0
    INSURANCE 9,689 0   9,689
    LICENSES & FEES 971 485   486
    MEALS 839 0   839
    POSTAGE & DELIVERY 1,507 754   753
    SUPPLIES 3,043 1,521   1,522
    TRAVEL 726 726   0


    TY 2018 OtherIncomeSchedule2
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FIDELITY BUILDING COMPANY (SCH K-1) 213,460 213,460 213,460
    LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) -37,327 -37,327 -37,327
    GUN MILL COMPANY (SCH K-1) 86,023 86,023 86,023
    LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) -7,740 -7,740 -7,740
    MISCELLANEOUS INCOME 541 541 541
    PALISADES TARTAN MEDIA, LLC (SCH K-1) -11,052 -9,966 -11,052
    PITT/SCINTO LOT 3, LLC (SCH K-1) 310,698 310,698 310,698
    QUARRY ROAD LOT 1 (JOINT VENTURE) 103,784 103,784 103,784
    QUARRY ROAD LOT 2, LLC (SCH K-1) -480,594 -480,594 -480,594
    LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) -19,265 -19,265 -19,265
    SOUNDVIEW FARMS, LLC (SCH K-1) 412,191 412,191 412,191
    LESS: IRC SEC. 754 DEPRECIATION (SCH K-1) -57,733 -57,733 -57,733


    TY 2018 OtherIncreasesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Description Amount
    PRIOR PERIOD ADJUSTMENT 909


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 0 3,445
    INVESTMENT - GUN MILL COMPANY 0 902,390
    PAYROLL TAXES PAYABLE 28,220 7,365


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY FEES 191,991 191,991   0
    PAYROLL PROCESSING FEES 1,095 183   912
    OTHER PROFESSIONAL FEES 713 119   594


    TY 2018 TaxesSchedule
    Name:
    THE WILLIAM H PITT FOUNDATION INC
    EIN:
    22-2570737
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 57,013 0   0
    FEDERAL TAXES 94,681 0   0
    FOREIGN TAXES 7,097 7,097   0
    PAYROLL TAXES 24,428 7,414   17,014