TY 2019 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2019

Open to Public Inspection

For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019

Name of foundation
CARIS CHARITABLE TRUST II DTD 09162004

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 803878
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHICAGO, IL60680

A Employer identification number

82-3380217

B Telephone number (see instructions)

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$35,790,283J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	916,548		916,548
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		573,379
b	Gross sales price for all assets on line 6a 8,408,797
7	Capital gain net income (from Part IV, line 2)...			573,379
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......		183,156
12	Total. Add lines 1 through 11........	1,673,083		1,489,927
13	Compensation of officers, directors, trustees, etc.	143,865		32,861		111,004
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........		37,890	0	0	37,890
b	Accounting fees (attach schedule).......		2,500	1,250	0	1,250
c	Other professional fees (attach schedule)....		180,076			180,076
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		14,753	14,753		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......	5,508		0	0	5,508
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		15			15
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	384,607		48,864	0	335,743
25	Contributions, gifts, grants paid.......	2,050,475				2,050,475
26	Total expenses and disbursements. Add lines 24 and 25	2,435,082		48,864	0	2,386,218
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-761,999
b	Net investment income (if negative, enter -0-)			1,441,063
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2019)

Form 990-PF (2019)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,699,189	121,774	121,774
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	31,368,599	31,583,552	34,438,500
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	777,795	1,160,575	1,230,009
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	33,845,583	32,865,901	35,790,283
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	33,845,583	32,865,901
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	33,845,583	32,865,901
	30	Total liabilities and net assets/fund balances (see instructions).	33,845,583	32,865,901

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

33,845,583

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

-761,999

Other increases not included in line 2 (itemize) bullet

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

33,083,584

Decreases not included in line 2 (itemize) bullet

217,683

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

32,865,901

Form 990-PF (2019)

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	30274.99 MFO AQR TM LARGE CAP MOMENTUM STYLE R6		2016-08-09	2019-03-01
b	15000. AT&T INC 3.4% DUE 05-15-2025		2018-01-24	2019-01-29
c	7000. ABBVIE INC 3.75% DUE 11-14-2023		2018-11-13	2019-02-12
d	13000. ACTAVIS FDG SCS 3% DUE 03-12-2020		2018-07-30	2019-12-09
e	2000. ACTAVIS FDG SCS 3.45% DUE 03-15-2022		2019-10-16	2019-10-25
	4000. ACTAVIS FDG SCS 3.45% DUE 03-15-2022		2019-10-16	2019-10-28
	5000. ACTAVIS FDG SCS 3.45% DUE 03-15-2022		2019-10-16	2019-10-28
	2000. ACTAVIS FDG SCS 3.45% DUE 03-15-2022		2019-10-16	2019-10-28
	7000. ACTAVIS FDG SCS 3.45% DUE 03-15-2022		2019-10-16	2019-10-29
	150. ADOBE SYS INC		2016-08-09	2019-04-18
	160. ADOBE SYS INC		2017-06-29	2019-06-26
	10000. AIR LEASE CORP 3.625% DUE 04-01-2027		2018-03-06	2019-10-22
	5000. AIRCASTLE LTD 4.25% DUE 06-15-2026		2019-07-23	2019-10-24
	15000. AIRCASTLE LTD 4.25% DUE 06-15-2026		2019-08-15	2019-10-25
	13000. ALBEMARLE CORP 4.15% DUE 12-01-2024 12-01-2024		2019-01-18	2019-04-16
	10000. ALEXANDRIA REAL ESTATE EQUITIES 4.6 DUE 04-01-2022 REG		2017-05-19	2019-01-10
	15000. ALEXANDRIA REAL 3.95% DUE 01-15-2028		2017-02-28	2019-04-12
	5000. ALEXANDRIA REAL 4.7% DUE 07-01-2030		2019-01-10	2019-03-08
	10000. AMERN CAMPUS 3.35% DUE 10-01-2020		2018-10-16	2019-09-11
	5000. AMERN CAMPUS 3.35% DUE 10-01-2020		2018-03-22	2019-09-11
	25000. AMERN EXPRESS CR A/C MASTER TR FLTG RT SER 2014-4 CL A 12-15-20		2017-02-15	2019-05-15
	10000. AMERN INTL GROUP 3.375% DUE 08-15-2020 SNR NTS DUE 08-15-2020 R		2018-04-11	2019-09-11
	20000. AMERN TOWER CORP 3.8% DUE 08-15-2029		2019-08-07	2019-10-23
	15000. AMGEN INC 2.2 DUE 05-22-2019		2018-01-24	2019-02-22
	28000. AMGEN INC 2.2 DUE 05-22-2019		2017-08-23	2019-05-22
	15000. BA CR CARD TR 1.95% DUE 08-15-2022		2017-03-23	2019-05-15
	40000. BA CR CARD TR 1.95% DUE 08-15-2022		2017-03-23	2019-07-23
	15000. BANK OF AMERICA CORP 2.25% DUE 04-21-2020		2018-11-29	2019-09-11
	15000. BANK AMER CORP 4.45% DUE 03-03-2026		2018-02-12	2019-02-25
	15000. BANK OF AMERICA CORP 3.55% 03-05-2024 03-05-2024		2018-04-20	2019-06-24
	10000. BK NEW YORK MELLON FLTG RT 2.661% DUE 05-16-2023		2017-12-28	2019-04-09
	6450. MFC IPATH SELECT MLP ETN MLP ETNS		2017-01-13	2019-07-16
	18. BOOKING HLDGS INC COM		2016-11-11	2019-04-18
	15000. CMO COMM MTG TR 2015-CCRE23 SER 15-CR23 CL A4 3.497% DUE 05-10-		2019-01-17	2019-02-08
	5000. CAP 1 FINL CORP 4.2% DUE 10-29-2025		2018-09-05	2019-01-31
	18000. CAP 1 FINL CORP 3.75% DUE 07-28-2026		2019-02-20	2019-08-01
	30000. CAP 1 FINL CORP 3.8% DUE 01-31-2028		2019-01-23	2019-03-08
	15000. CAP 1 FINL CORP 3.8% DUE 01-31-2028		2019-08-01	2019-10-01
	15000. CAP 1 FINL CORP 3.45% DUE 04-30-2021		2018-04-26	2019-09-11
	25000. CAP 1 MULTI-ASSET 1.34% DUE 04-15-2022		2017-02-22	2019-06-17
	7000. CARDINAL HLTH INC 2.616% DUE 06-15-2022		2018-08-29	2019-01-09
	5000. CARDINAL HLTH INC 3.41% DUE 06-15-2027		2019-01-09	2019-04-01
	10000. CARDINAL HLTH INC 3.41% DUE 06-15-2027		2019-01-10	2019-04-26
	1529.67 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2017-02-02	2019-01-15
	1274.73 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-01-15
	1325.97 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-02-15
	1591.16 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2017-02-02	2019-02-15
	2719.27 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-03-15
	2931.33 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-04-15
	2657.02 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-05-15
	2746.17 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-06-17
	2499.85 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-07-15
	31222.19 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-07-23
	.01 CARMAX AUTO OWNER TRUST SER 17-1 CL A3 2.06% 11-15-2021		2018-02-23	2019-07-26
	206. CELGENE CORP		2016-12-28	2019-06-26
	13000. CELGENE CORP 3.25% DUE 02-20-2023		2018-08-06	2019-02-08
	14000. CENOVUS ENERGY INC FIXED 4.25% DUE 04-15-2027		2019-01-10	2019-02-27
	15000. CENOVUS ENERGY INC FIXED 4.25% DUE 04-15-2027		2019-06-11	2019-12-05
	656. CISCO SYS INC		2016-08-09	2019-02-28
	15000. CISCO SYS INC 4.45% DUE 01-15-2020		2018-01-24	2019-02-05
	15000. CITIGROUP INC 4.45% DUE 09-29-2027		2018-10-18	2019-03-08
	20000. CITIGROUP INC 2.7% DUE 03-30-2021		2018-02-14	2019-06-13
	10000. CMO CITIGROUP COML MTG TR SER 2013-GC17 CL A-S 4.544% 11-10-204		2018-11-08	2019-02-19
	306. COCA COLA CO		2016-08-09	2019-06-26
	10000. CONTL RES INC FIXED 3.8% DUE 06-01-2024		2018-06-05	2019-02-26
	10000. CUBESMART L P 3.125% DUE 09-01-2026		2019-04-04	2019-05-22
	15000. CUBESMART L P 3.125% DUE 09-01-2026		2017-07-20	2019-05-22
	15000. CUBESMART L P 4.375% DUE 02-15-2029		2019-01-24	2019-04-04
	35171.1 MFO DFA INVT DIMENSIONS GROUP INC EMERGING MKTS CORE EQUITY PO		2016-08-09	2019-11-06
	10000. ECOPETROL S A 5.875 DUE 09-18-2023		2017-12-27	2019-05-06
	15000. ENERGY TRANSFER 3.6% DUE 02-01-2023 DUE 02-01-2023/01-22-2013 R		2017-12-27	2019-02-06
	15000. EXPRESS SCRIPTS 3.5% DUE 06-15-2024		2019-04-15	2019-10-01
	444.19 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-01-02
	438.57 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-02-01
	478.17 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-03-01
	589.16 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-04-01
	789.31 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-05-01
	950. FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-06-03
	930.03 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-07-01
	1438.68 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-08-01
	1462.2 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-09-03
	1790.72 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-10-01
	1861.89 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-11-01
	1427.71 FEDERAL HOME LN MTG CORP POOL #G08775 4%08-01-2047 BEO		2017-09-11	2019-12-02
	168.85 FHLMC POOL #SB8015 2.5% 10-01-2034		2019-10-21	2019-11-01
	232.23 FHLMC POOL #SB8015 2.5% 10-01-2034		2019-10-21	2019-12-02
	15000. FANNIE MAE 1.5% DUE 06-22-2020		2016-12-19	2019-09-16
	95000. FNMA TRANCHE 00653 1.25 05-06-2021 REG		2016-12-19	2019-10-01
	281.7 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-04-01
	431.53 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-05-01
	454.92 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-06-03
	444.08 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-07-01
	739.88 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-08-01
	21488.3 FNMA POOL #BM2007 4% 09-01-2048 BEO		2019-02-28	2019-08-14
	923.79 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-05-01
	867.87 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-06-03
	710.02 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-07-01
	1601.28 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-08-01
	1354.87 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-09-03
	2186.6 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-10-01
	55586.97 FNMA POOL #BM5246 3.5% 11-01-2048 BEO		2019-04-04	2019-10-16
	282.91 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-04-01
	174.55 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-05-01
	215.56 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-06-03
	303.1 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-07-01
	330.92 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-08-01
	688.9 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-09-03
	794.09 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-10-01
	1192.4 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-11-01
	843.9 FNMA POOL CA2622 3.5% 11-01-2048		2019-03-25	2019-12-02
	192.98 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08-		2019-03-20	2019-04-01
	507.28 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08-		2019-03-20	2019-05-01
	693.07 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08-		2019-03-20	2019-06-03
	287.99 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08-		2019-03-20	2019-07-01
	1603.36 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08		2019-03-20	2019-08-01
	1513.12 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08		2019-03-20	2019-09-03
	1206.02 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08		2019-03-20	2019-10-01
	42415.87 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 0		2019-03-20	2019-10-23
	.01 FNMA 3.5% MBS 01/08/2048 USD'CA2182F' POOL #CA2182 3.5% DUE 08-01-		2019-03-20	2019-10-28
	279.45 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-01-02
	433.87 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-02-01
	628.46 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-03-01
	1035.71 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-04-01
	1649.52 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-05-01
	1808.11 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-06-03
	1440.34 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-07-01
	1962.38 FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-08-01
	55192. FNMA POOL #MA3522 4.5% 11-01-2048 BEO		2018-11-29	2019-08-07
	824.9 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-01-02
	780.18 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-02-01
	1092.67 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-03-01
	1080.92 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-04-01
	1136.16 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-05-01
	1367.13 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-06-03
	1411.87 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-07-01
	1746.72 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-08-01
	1835.25 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-09-03
	2011.12 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-10-01
	1967.72 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-11-01
	1969.38 FNMA POOL #MA2896 3.5% 02-01-2047 BEO		2017-01-31	2019-12-02
	614.84 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-01-02
	661.45 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-02-01
	621.12 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-03-01
	835.2 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-04-01
	998.58 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-05-01
	1077.38 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-06-03
	1269.46 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-07-01
	1880.38 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-08-01
	1854.25 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-09-03
	2396.6 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-10-01
	2767.8 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-11-01
	1964.97 FNMA POOL #MA3120 3.5% 09-01-2047 BEO		2017-10-18	2019-12-02
	480.12 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-01-02
	410.84 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-02-01
	483.07 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-03-01
	668.02 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-04-01
	914.31 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-05-01
	918.24 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-06-03
	933.44 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-07-01
	1173.57 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-08-01
	50589.82 FNMA POOL #MA3149 4% 10-01-2047 BEO		2018-01-18	2019-08-14
	108.73 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-01-02
	90.02 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-02-01
	114.18 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-03-01
	121.43 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-04-01
	183.86 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-05-01
	207.62 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-06-03
	211.46 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-07-01
	252.22 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-08-01
	12715.6 FNMA POOL #MA3306 4% 03-01-2048 BEO		2018-06-19	2019-08-14
	226.92 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-01-02
	246.53 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-02-01
	261.65 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-03-01
	392.69 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-04-01
	437.3 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-05-01
	473.55 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-06-03
	420.32 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-07-01
	764.26 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-08-01
	706.52 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-09-03
	1015.67 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-10-01
	1214.57 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-11-01
	816.39 FNMA POOL #MA3332 3.5% 04-01-2048 BEO		2018-12-19	2019-12-02
	501.43 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-01-02
	540.53 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-02-01
	729.22 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-03-01
	793.45 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-04-01
	1449.37 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-05-01
	1517.19 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-06-03
	1441.33 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-07-01
	2678.09 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-08-01
	77062.16 FNMA POOL #MA3384 4.0% DUE 01 JUN 2048		2018-07-09	2019-08-14
	756.55 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-05-01
	749.59 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-06-03
	617.02 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-07-01
	1397.81 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-08-01
	1271.16 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-09-03
	2105.21 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-10-01
	45941.48 FNMA POOL #MA3442 3.5% 08-01-2048 BEO		2019-04-25	2019-10-16
	1118.1 FNMA POOL #MA3797 2.5% 10-01-2034 BEO		2019-10-17	2019-11-01
	937.64 FNMA POOL #MA3797 2.5% 10-01-2034 BEO		2019-10-17	2019-12-02
	32.38 FNMA POOL #MA3827 2.5% 11-01-2034 BEO		2019-10-30	2019-11-01
	226.63 FNMA POOL #MA3827 2.5% 11-01-2034 BEO		2019-10-30	2019-11-01
	606.19 FNMA POOL #MA3827 2.5% 11-01-2034 BEO		2019-11-21	2019-12-02
	14000. FIBRIA OVERSEAS 4% DUE 01-14-2025		2018-08-03	2019-02-20
	6851. MFC FLEXSHARES TR IBOXX 5 YR TARGET DURATION TIPS INDEX FD		2017-06-09	2019-04-23
	4913. MFC FLEXSHARES TR IBOXX 5 YR TARGET DURATION TIPS INDEX FD		2017-06-09	2019-11-06
	3870. MFC FLEXSHARES TR READY ACCESS VAR INCOME FD		2016-10-14	2019-06-26
	2028.84 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2017-02-24	2019-01-15
	612.88 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-01-15
	2647.01 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-02-15
	2327.45 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-03-15
	2453.9 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-04-15
	2326.01 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-05-15
	2313.59 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-06-17
	2010.43 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-07-15
	1389.79 FORD CR AUTO OWNER 1.33% DUE 10-15-2020		2018-01-16	2019-08-15
	30161.62 MFO FRKLN INVS SECS TR FLTG RATE DAILY ACCESS FD ADVISOR		2017-02-09	2019-04-17
	34902.75 MFO FRKLN INVS SECS TR FLTG RATE DAILY ACCESS FD ADVISOR		2019-02-01	2019-04-17
	15000. GEN MTRS FINL CO 3.15% DUE 06-30-2022 06-30-2022		2017-12-27	2019-02-06
	2000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-02
	4000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-03
	2000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-03
	2000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-08
	3000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-14
	2000. GOLDMAN SACHS FUTURE EQUITGOLDMAN SACHS 5.95 DUE 01-15-2027		2019-02-07	2019-05-15
	10000. GOLDMAN SACHS GROUP INC 3.814% DUE 04-23-2029		2019-01-04	2019-03-08
	15000. GOLDMAN SACHS 3.75% DUE 05-22-2025		2016-12-19	2019-02-07
	20000. GOLDMAN SACHS 3.75% DUE 05-22-2025		2017-12-27	2019-04-30
	5000. WELLTOWER INC 4.125% DUE 04-01-2019 04-01-2019		2018-04-18	2019-03-18
	5000. HEALTHCARE TR AMER 2.95% DUE 07-01-2022		2018-03-27	2019-09-20
	6000. HEWLETT PACKARD ENTERPRISE CO NT STEP UP10-15-2025 12-30-2016		2017-12-27	2019-10-01
	15000. HUMANA INC FIXED 3.95% DUE 03-15-2027		2019-02-01	2019-02-22
	75000. ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5% 12-01-2019 BEO		2016-08-09	2019-02-04
	537. INTEL CORP COM		2016-08-09	2019-02-01
	10000. JPMORGAN CHASE & CO 3.875 09-10-2024		2019-07-18	2019-10-07
	15000. JPMBB COML MTG 4.4196% DUE 11-15-2045 11-15-2045		2018-11-29	2019-02-19
	10000. J P MORGAN CHASE 4.5169% DUE 12-15-2046 12-15-2046		2018-11-08	2019-02-19
	10000. CMO JPMBB COML MTG SECS TR 2014-C21 CL A-S 3.9965 08-15-2047 RE		2018-12-03	2019-02-19
	5000. JEFFERIES GROUP 4.15% DUE 01-23-2030		2018-09-20	2019-04-29
	15000. JPMORGAN CHASE & 2.972% DUE 01-15-2023		2017-07-21	2019-04-03
	20000. KIMCO RLTY CORP 2.8% DUE 10-01-2026		2018-10-04	2019-02-22
	10000. LIBERTY PPTY LTD 4.375% DUE 02-01-2029		2019-03-05	2019-03-08
	50000. LOUISIANA ST UNCLAIMED PPTY SPL REV 5% 09-01-2019 BEO		2016-08-09	2019-09-03
	183. LOWES COMPANIES INC		2016-08-09	2019-02-01
	100000. MARICOPA CNTY ARIZ UNI SCH DIST NO 48 SCOTTSDALE 2% 07-01-2019		2016-08-09	2019-07-01
	125000. MARICOPA CNTY ARIZ UNI SCH DIST NO 80 CHANDLER 4% 07-01-2019 B		2016-08-09	2019-07-01
	75000. MARICOPA CNTY ARIZ UN HIGH SCH DIST NO 210 PHOENIX 3% 07-01-201		2016-08-09	2019-07-01
	107. MASTERCARD INC CL A		2016-11-11	2019-02-01
	300. MICROSOFT CORP COM		2016-08-09	2019-04-18
	15000. MOODY'S CORPORATION 2.75% 12-15-2021		2017-04-18	2019-11-15
	28911.57 MFO NEUBERGER BERMAN EQUITY FDS INTL INSTITUTIONAL FD		2016-08-09	2019-02-01
	290000. NEW YORK ST TWY AUTH SECOND GEN HWY & BRDG TR FD 5% 04-01-2020		2016-08-09	2019-02-04
	300. NIKE INC CLASS B		2016-08-09	2019-02-01
	270. NORFOLK SOUTHN CORP COM		2016-08-09	2019-03-26
	767. ORACLE CORPORATION		2017-09-29	2019-02-01
	10000. PACIFIC GAS & ELECTRIC 3.75% 02-15-2024 02-15-2024 REG		2018-11-08	2019-01-08
	294. PAYCHEX INC		2016-08-09	2019-06-26
	109. PHILIP MORRIS INTERNATIONAL		2017-02-28	2019-06-26
	120000. PIMA CNTY ARIZ STR & HWY REV 4% 07-01-2019 BEO		2016-08-09	2019-07-01
	9000. RENAISSANCERE FIN 3.45% DUE 07-01-2027		2018-04-30	2019-03-07
	6000. RENAISSANCERE FIN 3.45% DUE 07-01-2027		2018-04-30	2019-03-13
	15000. RYDER SYS INC MEDIUM TERM NTS BOOK ENTRY2.55% DUE 06-01-2019/02		2016-12-19	2019-06-03
	10000. SABINE PASS FIXED 4.2% DUE 03-15-2028		2017-07-18	2019-04-30
	15000. SABINE PASS LIQUEFACTION LLC 5.875% 06-30-2026		2017-05-16	2019-04-24
	15000. SENIOR HOUSING PROPERTIE 3.25 05-01-2019		2018-07-27	2019-05-01
	15000. SMUCKER J M CO 2.2% DUE 12-06-2019		2018-04-03	2019-09-11
	559. STARBUCKS CORP		2016-11-11	2019-06-26
	15000. SUNTRUST BANK INC 2.25% DUE 01-31-2020		2017-01-25	2019-08-07
	15000. SYNCHRONY FINL 3.95% DUE 12-01-2027		2019-03-22	2019-09-27
	15000. WARNER MEDIA LLC 4.05% DUE 12-15-2023		2018-07-30	2019-06-05
	27000. TOYOTA AUTO 2.96% DUE 09-15-2022		2018-09-25	2019-11-25
	10000. UNITED STATES TREAS NTS 1.375% DUE 08-31-2023 REG		2019-05-06	2019-07-16
	25000. UNITED STATES TREAS NTS WI TREASURY NOTE.875% DUE 09-15-2019 RE		2018-12-27	2019-01-16
	10000. UNITED STATES TREAS 2.75% 02-15-2028 02-15-2028 REG		2018-06-14	2019-01-04
	16000. UNITED STATES TREAS 2.75% 02-15-2028 02-15-2028 REG		2018-07-10	2019-01-16
	5000. UNITED STATES TREAS 2.75% 02-15-2028 02-15-2028 REG		2018-07-10	2019-01-22
	9000. UNITED STATES TREAS 2.75% 02-15-2028 02-15-2028 REG		2018-08-13	2019-01-23
	17000. UNITED STATES TREAS NTS DTD 03/31/2018 2.5% DUE 03-31-2023 REG		2018-05-04	2019-01-18
	15000. UNITED STATES TREAS NTS DTD 03/31/2018 2.5% DUE 03-31-2023 REG		2018-05-22	2019-01-24
	25000. UNITED STATES TREAS NTS DTD 03/31/2018 2.5% DUE 03-31-2023 REG		2018-05-22	2019-02-01
	40000. UNITED STATES TREAS NTS DTD 03/31/2018 2.5% DUE 03-31-2023 REG		2019-02-08	2019-02-13
	5000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-01-23
	10000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-01-24
	10000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-01-31
	10000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-01
	5000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-05
	5000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-05
	15000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-05
	15000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-20
	4000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-02-20
	5000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-03-05
	10000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-26	2019-04-08
	15000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-27	2019-04-25
	10000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-27	2019-06-11
	5000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-27	2019-07-03
	15000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-09-27	2019-07-17
	30000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-12-03	2019-08-22
	15000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-12-03	2019-08-28
	20000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-12-19	2019-09-05
	30000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2018-12-19	2019-09-13
	29000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2019-02-22	2019-09-16
	28000. UNITED STATES TREAS NTS 2.875% 08-15-2028		2019-03-08	2019-09-17
	20000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-10-26	2019-01-17
	6000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-10-26	2019-02-20
	25000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-10-26	2019-02-28
	50000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-12-03	2019-03-20
	65000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-12-03	2019-04-04
	5000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-12-03	2019-05-01
	10000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2018-12-03	2019-07-18
	54000. US TREASURY N/B DTD 2.875% DUE 09-30-2023 REG		2019-02-06	2019-09-17
	30000. UNITED STATES TREAS NTS 2.625% DUE 02-15-2029 REG		2019-03-08	2019-10-01
	10000. UNITED STATES TREAS NTS 2.625% DUE 02-15-2029 REG		2019-03-08	2019-10-21
	80000. UNITED STATES TREAS NTS 2.625% DUE 02-15-2029 REG		2019-06-25	2019-10-25
	55000. UNITED STATES TREAS NTS 2.25% DUE 04-15-2022		2019-09-16	2019-10-01
	18000. UNITED STATES TREAS NTS 2.125 DUE 01-31-2021 REG		2018-05-24	2019-06-25
	40000. UNITED STATES TREAS NTS DTD 01/31/2015 1.25% DUE 01-31-2020 REG		2016-12-19	2019-02-01
	25000. UTD STATES TREAS 1.875% DUE 08-31-2022		2017-08-03	2019-02-01
	25000. UNITED STATES TREAS NTS DTD 658 1.375% DUE 08-31-2020 REG		2017-10-10	2019-04-23
	35000. UNITED STATES TREAS NTS DTD 05/31/2016 1.375% DUE 05-31-2021 RE		2019-08-14	2019-09-06
	65000. UNITED STATES TREAS NTS DTD 05/31/2016 1.375% DUE 05-31-2021 RE		2019-08-14	2019-09-16
	27000. UTD STATES TREAS 1% DUE 11-30-2019		2018-12-06	2019-01-16
	80000. UTD STATES TREAS 1% DUE 11-30-2019		2018-12-06	2019-07-08
	28000. UTD STATES TREAS 1% DUE 11-30-2019		2018-12-06	2019-08-08
	5000. UTD STATES TREAS 1% DUE 11-30-2019		2019-02-22	2019-09-16
	25000. UNITED STATES OF AMER TREAS NOTES 1.875%01-31-2022 REG		2017-05-25	2019-02-01
	4000. UNITED STATES TREAS NTS 2.75% DUE 11-15-2023 REG		2018-11-16	2019-04-15
	10000. UNITED STATES TREAS NTS 2.75% DUE 11-15-2023 REG		2018-11-16	2019-05-22
	11000. UNITED STATES TREAS NTS 2.75% DUE 11-15-2023 REG		2018-11-16	2019-08-21
	6000. UNITED STATES TREAS NTS 2.75% DUE 11-15-2023 REG		2018-11-27	2019-08-26
	240000. UNITED STATES TREAS NTS 2.75% DUE 11-15-2023 REG		2019-08-14	2019-09-17
	55000. UNITED STATES TREAS NTS DTD 06/30/2015 1.625% DUE 06-30-2020 RE		2019-05-31	2019-06-25
	26000. UNITED STATES TREAS NTS DTD 07/31/2015 2% DUE 07-31-2022 REG		2019-10-01	2019-10-16
	16000. UNITED STATES TREAS NTS DTD 07/31/2015 2% DUE 07-31-2022 REG		2019-09-16	2019-10-16
	12000. UNITED STATES TREAS NTS DTD 07/31/2015 2% DUE 07-31-2022 REG		2019-10-01	2019-10-16
	5000. UNITED STATES TREAS NTS DTD 05/31/2017 2.0% 05-31-2024		2019-07-08	2019-08-30
	75000. UNITED STATES TREAS NTS DTD 05/31/2017 2.0% 05-31-2024		2019-07-08	2019-10-18
	14000. UNITED STATES TREAS NTS DTD 05/31/2017 2.0% 05-31-2024		2019-08-07	2019-11-21
	7135.65 MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL		2016-08-09	2019-04-23
	4794.78 MFO VANGUARD INFLATION PROTECTED SECURITIES FUND ADMIRAL		2016-08-09	2019-11-06
	6000. VERIZON COMMUNICATIONS DUE 05-15-2025 BEO		2018-08-03	2019-07-17
	150. VISA INC CLASS A SHARES		2016-08-09	2019-04-18
	5000. WALGREENS BOOTS 3.45% DUE 06-01-2026		2019-01-16	2019-03-11
	11000. WALGREENS BOOTS 3.45% DUE 06-01-2026		2019-01-16	2019-03-11
	5000. WALGREENS BOOTS 3.45% DUE 06-01-2026		2019-01-16	2019-03-11
	15000. WELLS FARGO & COMPANY 4.6 MTN TRANCHE # SR 00116 DUE 04-01-2021		2018-04-30	2019-09-11
	15000. WELLS FARGO & CO 2.6% 07-22-2020		2018-02-20	2019-09-11
	10000. WELLTOWER INC 3.625% DUE 03-15-2024		2019-02-13	2019-04-30
	865.72 WORLD OMNI AUTO RECEIVABLES TR SER 18-A CL 3 BNDS 2.5% 04-17		2018-11-15	2019-12-16
	236. ACCENTURE PLC SHS CL A NEW		2016-11-11	2019-02-01
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	672,408	517,400	155,008
b	14,570	14,633	-63
c	7,052	6,934	118
d	13,015	12,993	22
e	2,045	2,049	-4
	4,088	4,099	-11
	5,112	5,123	-11
	2,044	2,049	-5
	7,157	7,173	-16
	40,217	14,827	25,390
	46,596	18,830	27,766
	10,356	9,635	721
	5,186	5,069	117
	15,504	15,261	243
	13,390	13,066	324
	10,280	10,739	-459
	15,141	15,131	10
	5,212	5,053	159
	10,106	9,979	127
	5,053	5,015	38
	25,000	25,090	-90
	10,108	10,059	49
	21,249	21,289	-40
	14,985	14,982	3
	28,000	28,202	-202
	14,935	14,996	-61
	39,925	39,988	-63
	15,015	14,903	112
	15,296	15,494	-198
	15,531	14,912	619
	9,921	10,002	-81
	131,239	149,422	-18,183
	33,270	26,403	6,867
	15,217	15,057	160
	5,002	4,916	86
	18,477	17,073	1,404
	28,828	28,183	645
	15,824	15,595	229
	15,270	14,987	283
	25,000	24,738	262
	6,729	6,729
	4,702	4,528	174
	9,495	9,063	432
	1,530	1,530
	1,275	1,264	11
	1,326	1,314	12
	1,591	1,591
	2,719	2,709	10
	2,931	2,920	11
	2,657	2,647	10
	2,746	2,736	10
	2,500	2,490	10
	31,172	31,101	71

	19,267	23,805	-4,538
	12,975	12,810	165
	13,329	13,138	191
	15,770	15,145	625
	33,974	20,364	13,610
	15,238	15,881	-643
	15,139	14,645	494
	20,050	19,866	184
	10,530	10,281	249
	15,756	13,313	2,443
	9,890	9,819	71
	9,581	9,484	97
	14,371	14,392	-21
	15,279	14,903	376
	740,000	652,776	87,224
	10,890	11,099	-209
	14,917	15,035	-118
	15,651	15,088	563
	444	470	-26
	439	464	-25
	478	478
	589	589
	789	836	-47
	950	950
	930	930
	1,439	1,526	-87
	1,462	1,551	-89
	1,791	1,791
	1,862	1,862
	1,428	1,521	-93
	169	170	-1
	232	234	-2
	14,951	14,951
	94,360	93,905	455
	282	282
	432	432
	455	455
	444	444
	740	740
	22,371	21,984	387
	924	924
	868	868
	710	710
	1,601	1,601
	1,355	1,355
	2,187	2,187
	57,098	56,316	782
	283	287	-4
	175	177	-2
	216	219	-3
	303	307	-4
	331	336	-5
	689	699	-10
	794	805	-11
	1,192	1,209	-17
	844	856	-12
	193	193
	507	507
	693	693
	288	288
	1,603	1,603
	1,513	1,513
	1,206	1,206
	43,488	42,928	560

	279	288	-9
	434	434
	628	628
	1,036	1,036
	1,650	1,650
	1,808	1,808
	1,440	1,440
	1,962	1,962
	58,167	57,056	1,111
	825	845	-20
	780	780
	1,093	1,093
	1,081	1,081
	1,136	1,136
	1,367	1,367
	1,412	1,412
	1,747	1,747
	1,835	1,835
	2,011	2,011
	1,968	1,968
	1,969	1,969
	615	636	-21
	661	661
	621	621
	835	835
	999	999
	1,077	1,077
	1,269	1,269
	1,880	1,880
	1,854	1,854
	2,397	2,397
	2,768	2,768
	1,965	1,965
	480	499	-19
	411	411
	483	483
	668	668
	914	914
	918	918
	933	933
	1,174	1,174
	52,756	52,825	-69
	109	111	-2
	90	90
	114	114
	121	121
	184	184
	208	208
	211	211
	252	252
	13,286	12,985	301
	227	226	1
	247	247
	262	262
	393	393
	437	437
	474	474
	420	420
	764	764
	707	707
	1,016	1,016
	1,215	1,215
	816	816
	501	511	-10
	541	541
	729	729
	793	793
	1,449	1,449
	1,517	1,517
	1,441	1,441
	2,678	2,678
	80,325	78,773	1,552
	757	757
	750	750
	617	617
	1,398	1,398
	1,271	1,271
	2,105	2,105
	47,086	46,445	641
	1,118	1,128	-10
	938	946	-8
	32	33	-1
	227	229	-2
	606	612	-6
	13,685	13,338	347
	170,021	173,661	-3,640
	125,267	123,689	1,578
	293,030	292,766	264
	2,029	2,022	7
	613	609	4
	2,647	2,637	10
	2,327	2,318	9
	2,454	2,444	10
	2,326	2,317	9
	2,314	2,304	10
	2,010	2,002	8
	1,390	1,384	6
	257,580	267,063	-9,483
	298,069	300,000	-1,931
	14,579	15,025	-446
	2,263	2,200	63
	4,521	4,400	121
	2,261	2,200	61
	2,271	2,200	71
	3,401	3,300	101
	2,270	2,200	70
	9,736	9,350	386
	14,904	14,947	-43
	20,277	20,305	-28
	5,000	5,044	-44
	5,137	4,926	211
	6,670	6,335	335
	14,942	14,893	49
	76,925	77,496	-571
	26,223	18,795	7,428
	10,725	10,503	222
	15,699	15,405	294
	10,512	10,256	256
	10,258	10,004	254
	4,648	4,515	133
	14,984	15,224	-240
	18,521	18,025	496
	10,237	10,087	150
	50,000	50,000
	17,634	14,926	2,708
	100,000	100,000
	125,000	125,000
	75,000	75,000
	22,814	10,651	12,163
	36,722	17,478	19,244
	15,215	15,094	121
	340,000	318,316	21,684
	301,058	303,984	-2,926
	24,369	16,790	7,579
	48,911	24,169	24,742
	38,894	32,195	6,699
	8,275	9,710	-1,435
	24,693	17,452	7,241
	8,597	11,939	-3,342
	120,000	120,000
	8,753	8,535	218
	5,835	5,690	145
	15,000	15,098	-98
	10,127		10,127
	16,658	16,931	-273
	15,000	15,026	-26
	14,996	14,976	20
	47,100	30,591	16,509
	14,993	14,994	-1
	15,331	13,830	1,501
	15,015	15,071	-56
	27,278	26,994	284
	9,807	9,647	160
	24,723	24,721	2
	10,083	9,837	246
	16,041	15,847	194
	5,013	4,949	64
	8,998	8,908	90
	16,922	16,809	113
	14,977	14,804	173
	24,982	24,622	360
	39,951	39,675	276
	5,047	4,925	122
	10,132	9,850	282
	10,213	9,850	363
	10,162	9,850	312
	5,079	4,925	154
	5,075	4,925	150
	15,231	14,775	456
	15,279	14,775	504
	4,076	3,940	136
	5,057	4,925	132
	10,312	9,850	462
	15,446	14,770	676
	10,612	9,846	766
	5,396	4,923	473
	16,041	14,769	1,272
	33,278	29,440	3,838
	16,769	14,813	1,956
	22,195	20,010	2,185
	32,430	30,225	2,205
	31,493	29,461	2,032
	30,470	28,507	1,963
	20,260	19,974	286
	6,106	5,992	114
	25,363	24,968	395
	51,125	50,009	1,116
	66,544	65,021	1,523
	5,129	5,002	127
	10,421	10,003	418
	56,485	54,176	2,309
	32,538	29,992	2,546
	10,724	9,987	737
	85,734	80,901	4,833
	55,943	55,698	245
	18,093	17,860	233
	39,494	39,591	-97
	24,469	24,818	-349
	24,661	24,934	-273
	34,867	34,862	5
	64,507	64,734	-227
	26,634	26,600	34
	79,631	79,463	168
	27,907	27,853	54
	4,990	4,985	5
	24,554	25,062	-508
	4,064	3,972	92
	10,236	9,929	307
	11,577	10,922	655
	6,320	5,958	362
	250,124	244,570	5,554
	54,815	54,673	142
	26,313	26,215	98
	16,190	16,217	-27
	12,140	12,160	-20
	5,131	5,039	92
	76,412	75,592	820
	14,264	14,346	-82
	179,890	189,709	-9,819
	125,000	127,475	-2,475
	6,097	6,094	3
	23,975	12,032	11,943
	4,797	4,724	73
	10,549	10,393	156
	4,795	4,724	71
	15,539	15,831	-292
	15,069	14,958	111
	10,208	9,966	242
	866	854	12
	36,473	27,302	9,171
			93,050

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			155,008
b			-63
c			118
d			22
e			-4
			-11
			-11
			-5
			-16
			25,390
			27,766
			721
			117
			243
			324
			-459
			10
			159
			127
			38
			-90
			49
			-40
			3
			-202
			-61
			-63
			112
			-198
			619
			-81
			-18,183
			6,867
			160
			86
			1,404
			645
			229
			283
			262

			174
			432

			11
			12

			10
			11
			10
			10
			10
			71

			-4,538
			165
			191
			625
			13,610
			-643
			494
			184
			249
			2,443
			71
			97
			-21
			376
			87,224
			-209
			-118
			563
			-26
			-25


			-47


			-87
			-89


			-93
			-1
			-2

			455





			387






			782
			-4
			-2
			-3
			-4
			-5
			-10
			-11
			-17
			-12







			560

			-9







			1,111
			-20











			-21











			-19







			-69
			-2







			301
			1











			-10







			1,552






			641
			-10
			-8
			-1
			-2
			-6
			347
			-3,640
			1,578
			264
			7
			4
			10
			9
			10
			9
			10
			8
			6
			-9,483
			-1,931
			-446
			63
			121
			61
			71
			101
			70
			386
			-43
			-28
			-44
			211
			335
			49
			-571
			7,428
			222
			294
			256
			254
			133
			-240
			496
			150

			2,708



			12,163
			19,244
			121
			21,684
			-2,926
			7,579
			24,742
			6,699
			-1,435
			7,241
			-3,342

			218
			145
			-98
			10,127
			-273
			-26
			20
			16,509
			-1
			1,501
			-56
			284
			160
			2
			246
			194
			64
			90
			113
			173
			360
			276
			122
			282
			363
			312
			154
			150
			456
			504
			136
			132
			462
			676
			766
			473
			1,272
			3,838
			1,956
			2,185
			2,205
			2,032
			1,963
			286
			114
			395
			1,116
			1,523
			127
			418
			2,309
			2,546
			737
			4,833
			245
			233
			-97
			-349
			-273
			5
			-227
			34
			168
			54
			5
			-508
			92
			307
			655
			362
			5,554
			142
			98
			-27
			-20
			92
			820
			-82
			-9,819
			-2,475
			3
			11,943
			73
			156
			71
			-292
			111
			242
			12
			9,171

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	573,379
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

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

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

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

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

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

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

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2018	2,181,458	35,017,395	0.062296
2017	6,125	28,256,547	0.000217
2016
2015
2014

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

0.062513

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

0.031257

Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......

35,500,255

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

1,109,631

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

14,411

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

1,124,042

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

2,386,218

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 (2019)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	14,411
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	14,411
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	14,411
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	547
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	14,958
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2020 estimated tax0	Refunded	11	0

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.

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

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

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

Form 990-PF (2019)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Website address bullet

The books are in care of bullet

THE NORTHERN TRUST COMPANY Telephone no. bullet

(312) 630-6000

Located at bullet

PO BOX 803878CHICAGOIL ZIP+4 bullet

60680

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

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

16 At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2019?.............

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

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

At the end of tax year 2019, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2019?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2019 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 2019.)..................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2019?

Form 990-PF (2019)

Page 6

Part VII-B

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

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

Yes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Part VIII

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

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

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NORTHERN TRUST COMPANY	INSTITUTIONAL TRUSTEE 40	143,865
PO BOX 803878 CHICAGO,IL60680	INSTITUTIONAL TRUSTEE 40	143,865

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


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









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

Form 990-PF (2019)

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
CATHERINE ANN CARIS	TRUST PROTECTOR	90,038
PO BOX 14315 SCOTTSDALE,AZ852674315	TRUST PROTECTOR	90,038
SHERRY COWAN	TRUST PROTECTOR	90,038
13456 N HWY 87 PAYSON,AZ855413873	TRUST PROTECTOR	90,038

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 (2019)

Page 8

Part X

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

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

purposes:

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

36,040,868

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

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

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

36,040,868

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

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

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

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

36,040,868

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

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

540,613

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

35,500,255

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

1,775,013

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,775,013

Tax on investment income for 2019 from Part VI, line 5......

14,411

Income tax for 2019. (This does not include the tax from Part VI.)...

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

14,411

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

1,760,602

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

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

1,760,602

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

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

1,760,602

Part XII

Qualifying Distributions (see instructions)

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

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

2,386,218

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

2,386,218

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

14,411

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

2,371,807

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 (2019)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2018	(c) 2018	(d) 2019
1 Distributable amount for 2019 from Part XI, line 7					1,760,602
2 Undistributed income, if any, as of the end of 2019:
a Enter amount for 2018 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2019:
a From 2014......	0
b From 2015......	0
c From 2016......	0
d From 2017......	0
e From 2018......	230,662
fTotal of lines 3a through e........		230,662
4Qualifying distributions for 2019 from Part
XII, line 4: $ 2,386,218
a Applied to 2018, 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 2019 distributable amount.....					1,760,602
e Remaining amount distributed out of corpus		625,616
5 Excess distributions carryover applied to 2019.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		856,278
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 2018. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2019. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2020 ..........					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 2014 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2020. Subtract lines 7 and 8 from line 6a ......		856,278
10 Analysis of line 9:
a Excess from 2015....	0
b Excess from 2016....	0
c Excess from 2017....	0
d Excess from 2018....	230,662
e Excess from 2019....	625,616

Form 990-PF (2019)

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 2019, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2019	(b) 2018	(c) 2017	(d) 2016	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2019)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
PAYSON UNIFIED SCHOOL DISTRICT 902 WEST MAIN STREET PAYSON,AZ85541	NONE	PUBLIC CHARITY	2019 GIFT STEM PROGRAMS	239,973
EASTERN ARIZONA COLLEGE PAYSON CAMPUS 615 NORTH STADIUM AVE THATCHER,AZ85552	NONE	PUBLIC CHARITY	2019 GIFT STEM PROGRAM	157,332
SOCIETY FOR SCIENCE & THE PUBLIC 1220 L STREET NW SUITE 300 WASHINGTON,DC20005	NONE	PUBLIC CHARITY	2019 GIFT	50,000
SPARKSHOP 965 WEST CHICAGO AVE CHICAGO,IL60642	NONE	PUBLIC CHARITY	STEM PROGRAM LOW INCOME	2,000
LOWELL OBSERVATORY NATIVE AMERICAN 1400 WEST MARS HILL RD FLAGSTAFF,AZ86001	NONE	PUBLIC CHARITY	ASTRONOMY OUTREACH PROGRAM	1,293,255
ARIZONA COMMUNITY FOUNDATION 2201 EAST CAMELBACK ROAD SUITE 405B PHOENIX,AZ85016	NONE	PUBLIC CHARITY	2019 GIFT	42,915
ARIZONA SCIENCE CENTER 600 EAST WASHINGTON STREET PHOENIX,AZ85004	NONE	PUBLIC CHARITY	2019 GIFT	245,000
SOUTHERN ARIZONA RESEARCH SCIENCE & ENGINEERING FOUNDATION 4574 EAST BROADWAY TUCSON,AZ85711	NONE	PUBLIC CHARITY	TEACHING UNDER REPRESENTED	20,000
Total ................................. 3a				2,050,475

bApproved for future payment

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

Form 990-PF (2019)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	916,548
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	573,379
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aDEFERRED INCOME			14	183,156
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				1,673,083

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

1,673,083

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

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

Form 990-PF (2019)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2019)

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