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.
bullet

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 07-01-2019 , and ending 06-30-2020

Name of foundation
SPENCER F AND CLEONE P ECCLES
FAMILY FOUNDATION C/O HANNAH ELDREDGE

Number and street (or P.O. box number if mail is not delivered to street address)79 SOUTH MAIN 13TH FLOOR
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SALT LAKE CITY, UT84111

A Employer identification number

87-6227329

B Telephone number (see instructions)

(801) 246-5331

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

$13,199,756J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	18,759		18,759
4	Dividends and interest from securities...	129,502		129,502
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		543,126
b	Gross sales price for all assets on line 6a 4,174,216
7	Capital gain net income (from Part IV, line 2)...			543,126
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).......		162,322	123,446
12	Total. Add lines 1 through 11........	853,709		814,833
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		9,292	0	9,292
b	Accounting fees (attach schedule).......		29,150	21,863	7,288
c	Other professional fees (attach schedule)....		72,698	54,524	18,175
17	Interest...............	27,003		0	27,003
18	Taxes (attach schedule) (see instructions)...		6,173	102	2,984
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	10,992		0	10,992
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		96,822	33,329	52,872
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	252,130		109,818	128,606
25	Contributions, gifts, grants paid.......	188,000			188,000
26	Total expenses and disbursements. Add lines 24 and 25	440,130		109,818	316,606
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	413,579
b	Net investment income (if negative, enter -0-)			705,015
c	Adjusted net income (if negative, enter -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.............	502,529	190,204	190,204
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	166,173	117,573	126,058
	b	Investments—corporate stock (attach schedule).......	5,543,950	3,790,250	4,202,494
	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)..........	11,185,023	13,100,970	8,681,000
	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)	17,397,675	17,198,997	13,199,756
	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 )	1,542,668	900,000
	23	Total liabilities (add lines 17 through 22).........	1,542,668	900,000
		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........	16,637,602	16,637,602
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	-782,595	-338,605
	29	Total net assets or fund balances (see instructions).....	15,855,007	16,298,997
	30	Total liabilities and net assets/fund balances (see instructions).	17,397,675	17,198,997

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

15,855,007

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

413,579

Other increases not included in line 2 (itemize) bullet

121,482

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

16,390,068

Decreases not included in line 2 (itemize) bullet

91,071

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

16,298,997

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	(d) Date sold (mo., day, yr.)
1 a	40346 SHARES GENERAL ELECTRIC CO COM USD0.06		2020-03-26
b	17109 SHARES GENERAL ELECTRIC CO COM USD0.06		2020-05-18
c	15063 SHARES GENERAL ELECTRIC CO COM USD0.06		2020-05-27
d	7388 SHARES WELLS FARGO CO NEW COM		2020-03-26
e	39 SHARES MARRIOTT VACTINS WORLDWID CORP	P	2020-03-11
	388 SHARES PARSLEY ENERGY INC CL A	P	2020-03-11
	46 SHARES RYMAN HOSPITALITY PPTYS INC COM	P	2020-03-11
	836 SHARES SANDSTORM GOLD LTD COM NEW	P	2020-03-11
	31 SHARES SVB FINANCIAL GROUP COM	P	2020-03-11
	31 SHARES UNITED RENTALS INC	P	2020-03-11
	50 SHARES IBERIABANK CORP COM	P	2020-03-12
	43 SHARES THOR INDS INC TRD	P	2020-03-12
	60 SHARES HEALTH EQUITY INC COM	P	2020-03-19
	23 SHARES WEX INC COM COMM	P	2020-03-23
	252 SHARES COLFAX CORP COM	P	2020-03-24
	36 SHARES UNIVERSAL HEAL TH SVCS	P	2020-03-30
	75 SHARES LGI HOMES INC COM	P	2020-04-06
	34 SHARES EURONET WORLDWIDE INC	P	2020-04-09
	8 SHARES EURONET WORLDWIDE INC	P	2020-04-09
	94 SHARES WESTERN ALLIANCE BANCORP	P	2020-04-15
	355 SHARES RADIANT LOGISTICS INC	P	2020-04-30
	103 SHARES NATIONAL STORAGE AFFILIATES	P	2020-05-06
	48 SHARES NATIONAL STORAGE AFFILIATES	P	2020-05-06
	237 SHARES VERRA MOBILITY CORP COM	P	2020-05-07
	94 SHARES INOGEN INC COM	P	2020-05-15
	52 SHARES SHOTSPOTTER INC COM	P	2020-05-15
	58 SHARES SHOTSPOTTER INC COM	P	2020-05-18
	18 SHARES SHOTSPOTTER INC COM	P	2020-05-18
	90 SHARES DISCOVER FINL SVCS	P	2020-06-29
	44 SHARES POST HLDGS INC COM	P	2020-06-29
	40 SHARES TORO CO COM	P	2020-06-29
	5900 SHARES UNITED STATES TREAS NTS	P	2020-03-02
	7000 SHARES BAKER HUGHES A GE CO LLC/BA NOTE	P	2020-03-11
	10000 SHARES CENOVUS ENERGY INC NOTE CALL	P	2020-03-11
	8000 SHARES ENERGY TRANSFER OPERATING LP NOTE	P	2020-03-12
	10000 SHARES CHENIERE CORPUS CHRISTI HLDGS SER B	P	2020-04-02
	7000 SHARES HARTFORD FINL SVCS GROUPTNCNOTE	P	2020-04-02
	4800 SHARES UNITED STATES TREAS NTS	P	2020-04-09
	4000 SHARES BECTON DICKINSON. &CO NOTE	P	2020-04-13
	94 SHARES ISHARES TR.MBS ETF TRD	P	2020-04-13
	37 SHARES JANUS DETROIT STR	P	2020-04-13
	494 SHARES ISHARES CORE S&P MID-CAP ETF	P	2020-04-13
	867 SHARES ISHARES CORE S&P SMALL-CAP E	P	2020-04-13
	497 SHARES ISHARES CORE S&P MID-CAP ETF	P	2020-04-29
	326 SHARES ISHARES CORE S&P SMALL-CAP E	P	2020-04-29
	524 SHARES ISHARES CORE S&P MID-CAP ETF	P	2020-05-18
	397 SHARES ISHARES CORE S&P SMALL-CAP E	P	2020-05-18
	4905 SHARES VANGUARD INTL EQUITY INDEX FDS FTSE EMR	P	2020-04-02
	723 SHARES TRUIST FINL CORP COM	P	2020-03-23
	162 SHARES OMNICOM GROUP INC COM USD0.15	P	2020-03-24
	67 SHARES OMNICOM GROUP INC COM USD0.15	P	2020-03-25
	29 SHARES OMNICOM GROUP INC COM USD0.15	P	2020-03-26
	220 SHARES GILEAD SCIENCES INC COM USD0.001	P	2020-04-01
	743 SHARES PUBLIC SVC ENTERPRISE GRP INC	P	2020-04-01
	98 SHARES PEPSICO INC TRD	P	2020-05-19
	37 SHARES UNITEDHEALTH GROUP	P	2020-05-19
	201 SHARES DISCOVER FINL SVCS	P	2020-06-16
	11 SHARES CROWN CASTLE INTL CORP NEW COM	P	2020-03-06
	707 SHARES GOODYEAR TIRE &RUBBER CO COM NPV	P	2020-03-06
	154 SHARES TORONTO DOMINION BANK ONT COM NPV	P	2020-03-06
	241 SHARES EXXON MOBIL CORP	P	2020-04-06
	316 SHARES IRON MOUNTAIN INC COM USD0.01	P	2020-04-06
	152 SHARES LAMAR ADVERTISING CO COM USD0.001	P	2020-04-06
	8 SHARES LAMAR ADVERTISING CO COM USD0.001	P	2020-04-06
	117 SHARES LYONDELL BASELL INDUSTRIES N V COM.	P	2020-04-06
	215 SHARES NATIONAL RETAIL PROPERTIES INC COM	P	2020-04-06
	194 SHARES TRUIST FINL CORP COM	P	2020-04-06
	57 SHARES WHIRLPOOL CORP	P	2020-04-06
	288 SHARES ARES CAPITAL CORP COM	P	2020-04-07
	161 SHARES ARES CAPITAL CORP COM	P	2020-04-07
	14 SHARES ARES CAPITAL CORP COM	P	2020-04-07
	43 SHARES AMERICAN ELEC PWR CO INC COM	P	2020-04-13
	41 SHARES AMERICAN ELEC PWR CO INC COM	P	2020-04-13
	13 SHARES AMERICAN ELEC PWR CO INC COM	P	2020-04-13
	9 SHARES DUKE ENERGY CORP NEW COM NEW	P	2020-04-13
	39 SHARES AT&T INC COM USD1	P	2020-06-17
	47 SHARES COCA COLA CO	P	2020-06-17
	15 SHARES CROWN CASTLE INTL CORP NEW COM	P	2020-06-17
	13 SHARES MERCK &CO. INC COM	P	2020-06-17
	51 SHARES PFIZER INC	P	2020-06-17
	249 SHARES WELLS FARGO CO NEW COM	P	2020-06-17
	2000 SHARES GENERAL MTRS FINL CO INC NOTE	P	2020-04-24
	6000 SHARES CITIGROUP INC BOND PERPETUAL	P	2020-04-28
	2000 SHARES CITIGROUP INC BOND PERPETUAL	P	2020-04-28
	400 SHARES UNITED STATES TREAS BDS	P	2020-04-30
	500 SHARES UNITED STATES TREAS BDS	P	2020-04-30
	1000 SHARES UNITED STATES TREAS SER BONDS	P	2020-04-30
	1500 SHARES UNITED STATES TREAS SER BONDS	P	2020-04-30
	300 SHARES UNITED STATES TREAS NTS NOTE	P	2020-04-30
	400 SHARES UNITED STATES TREAS NTS	P	2020-04-30
	400 SHARES UNITED STATES TREAS SER R-2026	P	2020-04-30
	300 SHARES UNITED STATES TREAS SER F-2029	P	2020-04-30
	100 SHARES UNITED STATES TREAS SERAA-2023	P	2020-04-30
	2000 SHARES WILLIS NORTH AMER INC NOTE	P	2020-05-01
	8000 SHARES DUPONT DE NEMOURS INC NOTE	P	2020-05-07
	8000 SHARES NATIONAL RETAIL PROPERTIES INC NOTE	P	2020-05-28
	8000 SHARES CHARTER COMMUNICATIONS OPER	P	2020-06-10
	35 SHARES !SHARES IBOXX INVESTMENT GRADE	P	2020-06-10
	5000 SHARES LOWES COS INC NOTE CALL	P	2020-06-10
	103 SHARES ISHARES IBOXX INVESTMENT GRADE	P	2020-06-11
	19465 SHARES GENERAL ELECTRIC CO	P	2019-07-12
	10091 SHARES GENERAL ELECTRIC CO	P	2019-08-06
	12945 SHARES GENERAL ELECTRIC CO	P	2019-09-13
	1352 SHARES WABTEC CORP	P	2019-09-10
	2143 SHARES WELLS FARGO & CO	P	2019-09-04
	5160 SHARES WELLS FARGO & CO	P	2019-09-11
	2968 SHARES WELLS FARGO & CO	P	2019-10-02
	2946 SHARES GENERAL ELECTRIC CO	P	2020-01-15
	10760 SHARES GENERAL ELECTRIC CO	P	2020-01-15
	2768 SHARES GENERAL ELECTRIC CO	P	2020-01-16
	44 SHARES BERKSHIRE HATHAWAY I NC.	P	2019-07-12
	91 SHARES C H ROBINSON WORLOW I DE I NC	P	2019-07-12
	178 SHARES CAL MAINE FOODS INC	P	2019-07-12
	92 SHARES CONOCOPHILLIPS	P	2019-07-12
	34 SHARES CUMMINS INC.	P	2019-07-12
	92 SHARES DISCOVER FINANCIAL SERVICES	P	2019-07-12
	107 SHARES EMERSON ELECTRIC CO	P	2019-07-12
	114 SHARES GILEAD SCIENCES INC	P	2019-07-12
	30 SHARES LAM RESEARCH CORP COM	P	2019-07-12
	124 SHARES MERCK & CO INC NEW	P	2019-07-12
	101 SHARES OMNI COM GROUP	P	2019-07-12
	74 SHARES PEPSICO INC	P	2019-07-12
	67 SHARES PH I LLI PS 66	P	2019-07-12
	142 SHARES PUBLIC SVC ENTERPRISE GROUP INC	P	2019-07-12
	112 SHARES SUNTRUST BANKS INC	P	2019-07-12
	87 SHARES T ROWE PRICE GROUP INC	P	2019-07-12
	30 SHARES UN I TEDHEALTH GROUP I NC	P	2019-07-12
	50 SHARES ACCENTURE PLC	P	2019-07-12
	751 SHARES CONOCOPHILLIPS	P	2019-09-19
	52 SHARES CONOCOPHILLIPS	P	2019-09-19
	58 SHARES LAM RESEARCH CORP COM	P	2019-10-29
	.895 SHARES TRU I ST FINANCIAL CORP	P	2019-12-27
	44 SHARES BERKSHIRE HATHAWAY I NC.	P	2020-01-14
	131 SHARES CH ROBINSON WORLDWIDE INC	P	2020-01-14
	255 SHARES CAL MAINE FOODS INC	P	2020-01-14
	54 SHARES CUMMINS INC.	P	2020-01-14
	114 SHARES DISCOVER FINANCIAL SERVICES	P	2020-01-14
	149 SHARES EMERSON ELECTRIC CO	P	2020-01-14
	150 SHARES GILEAD SCIENCES INC	P	2020-01-14
	36 SHARES LAM RESEARCH CORP COM	P	2020-01-14
	142 SHARES MERCK & CO INC NEW	P	2020-01-14
	116 SHARES OMNI COM GROUP	P	2020-01-14
	83 SHARES PEPSICO INC	P	2020-01-14
	104 SHARES PHILLIPS 66	P	2020-01-14
	163 SHARES PUBLIC SVC ENTERPRISE GROUP I NC	P	2020-01-14
	99 SHARES T ROWE PRICE GROUP INC	P	2020-01-14
	158 SHARES TRU I ST FINANCIAL CORP	P	2020-01-14
	48 SHARES UN I TEDHEAL TH GROUP I NC	P	2020-01-14
	183 SHARES WELLS FARGO & CO	P	2020-01-14
	57 SHARES ACCENTURE PLC	P	2020-01-14
	43 SHARES ABBOTT LABS	P	2019-09-10
	109 SHARES ADVANCED MICRO DEV ICES I NC	P	2019-09-10
	4 SHARES ALPHABET I NC CL A.	P	2019-09-10
	3 SHARES AMAZON COM INC COM	P	2019-09-10
	23 SHARES AMERICAN EXPRESS CO	P	2019-09-10
	12 SHARES AMER I CAN TOW ER CORP	P	2019-09-10
	14 SHARES AMGEN INC	P	2019-09-10
	32 SHARES APPLE INC	P	2019-09-10
	13 SHARES AUTOMATIC DATA PROCESSING INC	P	2019-09-10
	2 SHARES AUTOZONE I NC	P	2019-09-10
	140 SHARES BANK OF AMER I CA CORP	P	2019-09-10
	7 SHARES BOEING CO	P	2019-09-10
	55 SHARES BRISTOL MYERS SQUIBB CO	P	2019-09-10
	6 SHARES BROADCOM I NC	P	2019-09-10
	16 SHARES CATERPILLAR I NC	P	2019-09-10
	56 SHARES CHEVRON CORP	P	2019-09-10
	79 SHARES CISCO SYSTEMS INC	P	2019-09-10
	67 SHARES COMCAST CORP CLASS A	P	2019-09-10
	52 SHARES CONOCOPHILLIPS	P	2019-09-10
	7 SHARES COSTCO WHOLESALE CORP	P	2019-09-10
	13 SHARES CUMMINS INC.	P	2019-09-10
	49 SHARES CVS HEALTH CORPORATION	P	2019-09-10
	13 SHARES DANAHER CORP	P	2019-09-10
	25 SHARES DOLLAR TREE I NC	P	2019-09-10
	12 SHARES EDWARDS LI FESC I ENC ES CORP	P	2019-09-10
	3 SHARES EQUINIX INC	P	2019-09-10
	11 SHARES ESTEE LAUDER COMPANIES INC	P	2019-09-10
	20 SHARES FACEBOOK I NC	P	2019-09-10
	9 SHARES GOLDMAN SACHS GROUP INC	P	2019-09-10
	17 SHARES HOME DEPOT I NC	P	2019-09-10
	13 SHARES HONEYWELL INTERNATIONAL I NC	P	2019-09-10
	13 SHARES JOHNSON & JOHNSON	P	2019-09-10
	32 SHARES JPMORGAN CHASE & CO	P	2019-09-10
	10 SHARES LAM RESEARCH CORP COM	P	2019-09-10
	13 SHARES MCCORMICK & CO INC NON VTG	P	2019-09-10
	10 SHARES MCDONALDS CORP	P	2019-09-10
	44 SHARES MERCK & CO INC NEW	P	2019-09-10
	36 SHARES METLI FE I NC	P	2019-09-10
	66 SHARES MICROSOFT CORP	P	2019-09-10
	31 SHARES NIKE INC CL B	P	2019-09-10
	6 SHARES NORTHROP GRUMMAN CORP	P	2019-09-10
	30 SHARES ORACLE CORPORATION	P	2019-09-10
	27 SHARES PAYPAL HOLDINGS INC	P	2019-09-10
	15 SHARES PEPSICO INC	P	2019-09-10
	45 SHARES PFIZER INC	P	2019-09-10
	20 SHARES PROCTER & GAMBLE CO	P	2019-09-10
	30 SHARES PROGRESSIVE CORP OH I 0	P	2019-09-10
	35 SHARES STARBUCKS CORP COM	P	2019-09-10
	7 SHARES THERMO FISHER SCIENTIFIC INC	P	2019-09-10
	5 SHARES ULTA BEAUTY, INC	P	2019-09-10
	12 SHARES UNION PACIFIC CORP	P	2019-09-10
	31 SHARES UNITED AIRLINES HOLDINGS, INC.	P	2019-09-10
	64 SHARES VERIZON COMMUNICATIONS	P	2019-09-10
	34 SHARES VI SA I NC-CLASS A SHRS	P	2019-09-10
	34 SHARES WALMART INC	P	2019-09-10
	29 SHARES WALT DISNEY CO	P	2019-09-10
	46 SHARES WELLS FARGO & CO	P	2019-09-10
	18 SHARES CHUBB LTD	P	2019-09-10
	21 SHARES INGERSOLL-RAND PLC	P	2019-09-10
	10 SHARES LINDE PLC	P	2019-09-10
	21 SHARES LYONOELLBASELL I NDU-CL A	P	2019-09-10
	29 SHARES RIO TINTO PLC - ADR	P	2019-09-10
	80 SHARES CINCINNATI FINANCIAL CORP	P	2019-07-05
	88 SHARES CMS ENERGY CORP	P	2019-07-31
	36 SHARES CMS ENERGY CORP	P	2019-07-31
	3 SHARES LOCKHEED MARTIN CORP	P	2019-08-23
	502 SHARES PEOPLE'S UNITED FINANCIAL INC	P	2019-08-23
	175 SHARES PFIZER INC	P	2019-08-23
	70 SHARES PROCTER & GAMBLE CO	P	2019-08-23
	83 SHARES PRUDENT I AL FI NL I NC	P	2019-08-23
	114 SHARES ROYAL DUTCH SHELL PLC ADR	P	2019-08-05
	486 SHARES AES CORP	P	2019-09-13
	7 SHARES APPLE INC	P	2019-10-15
	1 SHARES GARMIN LTD	P	2019-10-15
	14 SHARES GARMIN LTD	P	2019-10-15
	14 SHARES SCHLUMBERGER LTD	P	2019-10-15
	28 SHARES SCHLUMBERGER LTD	P	2019-10-15
	7 SHARES APPLE INC	P	2019-11-25
	6 SHARES CENTERPOINT ENERGY INC	P	2019-11-25
	229 SHARES CENTERPOINT ENERGY INC	P	2019-11-25
	164 SHARES CENTERPOINT ENERGY INC	P	2019-11-25
	200 SHARES INTERNATIONAL PAPER CO	P	2019-11-26
	259 SHARES IRON MOUNTAIN INC	P	2019-11-26
	31 SHARES BOEING CO	P	2019-12-16
	39 SHARES APPLE INC	P	2020-01-09
	7 SHARES APPLE INC	P	2020-01-09
	12 SHARES TARGET CORP	P	2020-01-17
	140 SHARES I SHARES S&P GLOBAL TIMBER	P	2020-01-08
	227 SHARES REAL ESTATE SELECT SECT SPDR	P	2020-01-08
	91 SHARES TARGET CORP	P	2020-02-11
	99 SHARES GARMIN LTD	P	2020-02-11
	1 SHARES EURONET WORLDWIDE INC.	P	2019-07-26
	25 SHARES EURONET WORLDWIDE INC.	P	2019-07-26
	25 SHARES HEICO CORP	P	2019-07-15
	386 SHARES AES CORP	P	2019-08-08
	373 SHARES BLOOM ENERGY CORP	P	2019-08-15
	33 SHARES CDW CORP~DE	P	2019-08-08
	64 SHARES KAR AUCTION SERVICES INC	P	2019-08-29
	22 SHARES KAR AUCTION SERVICES INC	P	2019-08-29
	108 SHARES SS&C TECHNOLOGIES HOLDINGS I NC	P	2019-08-15
	49 SHARES TRACTOR SUPPLY CO COM	P	2019-08-28
	77 SHARES ZIONS BANCORP NA	P	2019-08-29
	9 SHARES ZIONS BANCORP NA	P	2019-08-29
	25 SHARES EPAM SYSTEMS INC	P	2019-09-17
	27 SHARES MOLINA HEALTHCARE INC	P	2019-09-26
	20 SHARES ULTA BEAUTY, INC	P	2019-09-10
	116 SHARES PAGSEGURO DIGITAL LTD-CL A	P	2019-09-12
	34 SHARES GOOSEHEAD INSURANCE I NC	P	2019-10-03
	28 SHARES GOOSEHEAD INSURANCE I NC	P	2019-10-03
	86 SHARES IAA INC	P	2019-10-07
	69 SHARES PAGSEGURO DIGITAL LTD-CL A	P	2019-10-07
	70 SHARES CARETRUST REIT INC-W/1	P	2019-11-14
	158 SHARES CARETRUST REIT INC-W/1	P	2019-11-14
	100 SHARES CENTERPOINT ENERGY INC	P	2019-11-22
	88 SHARES PREMIER I NC	P	2019-11-04
	70 SHARES PREMIER I NC	P	2019-11-04
	117 SHARES SERVI CEMASTER GLOBAL HOLDINGS	P	2019-11-18
	67 SHARES PAGSEGURO DIGITAL LTD-CL A	P	2019-11-22
	47 SHARES SPIRIT AEROSYTSEMS HOLD-CL A	P	2019-12-23
	55 SHARES AFFILIATED MANAGERS GROUP, INC COM	P	2020-01-10
	212 SHARES BJ'S WHOLESALE CLUB HOLDINGS	P	2020-01-24
	54 SHARES EMPLOYERS HOLDINGS INC	P	2020-01-15
	182 SHARES SOLARIS OILFIELD INFRASTRUCTUR	P	2020-01-30
	67 SHARES SOLARIS OILFIELD INFRASTRUCTUR	P	2020-01-31
	134 SHARES WEBSTER FINL CORP WATERBURY CONN	P	2020-01-27
	50 SHARES RESTAURANT BRANDS INTERN	P	2020-01-10
	36 SHARES ADVANCE AUTO PTS INC	P	2020-02-06
	220 SHARES SOLARIS OILFIELD INFRASTRUCTUR	P	2020-02-03
	5 SHARES ONESPAWORLD HOLDINGS LTD	P	2020-02-11
	177 SHARES ONESPAWORLD HOLDINGS LTD	P	2020-02-11
	20300 SHARES US TREASURY BILL	P	2019-07-18
	8000 SHARES CITIGROUP INC	P	2019-07-19
	8000 SHARES CITIGROUP INC	P	2019-07-19
	7000 SHARES ABBVIE I NC	P	2019-08-26
	4000 SHARES ASTRAZENECA PLC	P	2019-08-08
	3000 SHARES CVS HEALTH CORP	P	2019-08-23
	6000 SHARES METLI FE I NC	P	2019-08-20
	4000 SHARES MPLX LP	P	2019-08-21
	24400 SHARES US TREASURY BOND	P	2019-09-23
	9000 SHARES AT&T INC	P	2019-09-03
	4000 SHARES BANK OF AMERICA CORP	P	2019-09-06
	4000 SHARES CVS HEAL TH CORP	P	2019-09-03
	4000 SHARES GENERAL MOTORS FI NL	P	2019-09-13
	7000 SHARES GOLDMAN SACHS GROUP	P	2019-09-12
	7000 SHARES HCA INC	P	2019-09-24
	4000 SHARES MPLX LP	P	2019-09-13
	8000 SHARES VR JPMORGAN CHASE	P	2019-09-06
	20400 SHARES US TREASURY BILL	P	2019-10-17
	18100 SHARES US TREASURY NOTE	P	2019-10-04
	6800 SHARES US TREASURY NOTE	P	2019-10-04
	5000 SHARES UNUM GROUP	P	2019-10-07
	76 SHARES I SHARES TIPS BOND ETF	P	2019-10-29
	53 SHARES SPDR BBG BARC HIGH YIELD BND	P	2019-10-07
	21000 SHARES US TREASURY BILL	P	2019-11-05
	21800 SHARES US TREASURY NOTE	P	2019-11-05
	4800 SHARES US TREASURY NOTE	P	2019-11-05
	4500 SHARES US TREASURY NOTE	P	2019-11-05
	6100 SHARES US TREASURY NOTE	P	2019-11-05
	8000 SHARES ALTRIA GROUP I NC	P	2019-11-08
	8000 SHARES CHARTER COMMUN I CAT IO	P	2019-11-14
	4000 SHARES GENERAL ELECTRIC CO	P	2019-11-08
	8000 SHARES LOCKHEED MARTIN CORP	P	2019-11-12
	6000 SHARES MACYS RETAIL HLDGS	P	2019-11-12
	9000 SHARES VENTAS REALTY LP	P	2019-11-08
	7500 SHARES US TREASURY BOND	P	2020-01-31
	5200 SHARES US TREASURY BOND	P	2020-01-31
	4600 SHARES US TREASURY NOTE	P	2020-01-31
	4100 SHARES US TREASURY NOTE	P	2020-01-31
	3600 SHARES US TREASURY NOTE	P	2020-01-31
	6000 SHARES MURPHY OIL CORP	P	2020-01-27
	9000 SHARES WILLIS NORTH AMERICA	P	2020-01-23
	9000 SHARES AIR LEASE CORP	P	2020-02-04
	5000 SHARES BOARDWALK PIPELINES	P	2020-02-03
	6000 SHARES CAPITAL ONE FI NANCIAL	P	2020-02-03
	1000 SHARES CITIGROUP INC	P	2020-02-11
	9000 SHARES GENERAL ELECTRIC CO	P	2020-02-03
	6000 SHARES HARRIS CORPORATION	P	2020-02-03
	7000 SHARES MID-AMER I CA APARTMEN	P	2020-02-03
	7000 SHARES VERIZON COMMUN I CAT IO	P	2020-02-03
	8000 SHARES VR GOLDMAN SACHS GRO	P	2020-02-03
	CYNOSURE INVESTMENT PARTNERS	P
	CYNOSURE INVESTMENT PARTNERS	P
	CARLYLE FINANCIAL SERVICES AIV III	P
	WEST RIM CAPITAL PARTNERS	P
	KEYSTONE II	P
	KEYSTONE II	P
	CORSAIR III	P
	CORSAIR III OVERSEAS	P
	CYNOSURE FENWAY SUMMER	P
	CYNOSURE SAVANT HOLDINS	P
	CAPITAL GAINS 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	278,672		278,672
b	100,676	201,760	-101,084
c	95,805	177,632	-81,827
d	210,125		210,125
e	3,516	4,736	-1,220
	2,581	8,271	-5,690
	3,228	4,845	-1,617
	5,038	5,097	-59
	4,766	6,236	-1,470
	3,197	3,891	-694
	2,179	4,121	-1,942
	2,291	3,158	-867
	2,478	3,429	-951
	1,962	4,689	-2,727
	4,305	7,524	-3,219
	3,229	4,779	-1,550
	2,759	4,317	-1,558
	2,940	3,196	-256
	694	752	-58
	3,027	4,650	-1,623
	1,431	2,213	-782
	2,670	2,969	-299
	1,257	1,384	-127
	2,067	2,690	-623
	3,335	3,829	-494
	1,109	1,724	-615
	1,221	1,923	-702
	379	597	-218
	4,580	4,439	141
	3,741	4,124	-383
	2,554	3,109	-555
	5,900	5,785	115
	6,580	6,976	-396
	8,579	10,387	-1,808
	8,136	8,703	-567
	9,081	10,837	-1,756
	6,867	7,036	-169
	4,895	4,732	163
	4,114	4,182	-68
	10,355	10,040	315
	1,939	1,941	-2
	75,337	91,106	-15,769
	50,244	65,124	-14,880
	79,971	91,659	-11,688
	19,989	24,487	-4,498
	80,935	96,639	-15,704
	22,624	29,821	-7,197
	164,216	199,756	-35,540
	21,667		21,667
	8,155		8,155
	3,353		3,353
	15,363		15,363
	16,399	14,459	1,940
	32,817	38,562	-5,745
	13,205	10,906	2,299
	10,898	3,663	7,235
	10,304	14,781	-4,477
	1,785	1,229	556
	6,592	9,794	-3,202
	7,835	9,134	-1,299
	9,491	4,493	4,998
	6,777	9,889	-3,112
	6,105	11,633	-5,528
	343	631	-288
	5,573	10,714	-5,141
	5,937	11,948	-6,011
	5,556	8,291	-2,735
	4,653	7,860	-3,207
	2,596	5,086	-2,490
	1,451	2,799	-1,348
	126	243	-117
	3,433	3,274	159
	3,285	3,093	192
	1,037	1,059	-22
	729	595	134
	1,179	1,498	-319
	2,149	2,550	-401
	2,475	1,669	806
	965	715	250
	1,697	1,196	501
	6,912	10,185	-3,273
	1,757	1,999	-242
	6,042	6,411	-369
	2,009	2,137	-128
	543	503	40
	812	707	105
	1,434	980	454
	1,950	1,610	340
	326	309	17
	421	404	17
	429	404	25
	335	305	30
	108	104	4
	2,215	2,067	148
	8,774	8,408	366
	7,744	8,183	-439
	10,522	9,697	825
	4,642	4,381	261
	5,496	4,686	810
	13,657	12,876	781
	198,769	229,543	-30,774
	99,855	118,999	-19,144
	119,644	152,655	-33,011
	92,433	104,043	-11,610
	100,262	33,984	66,278
	250,033	81,827	168,206
	150,153	47,067	103,086
	35,580	34,741	839
	130,053	126,888	3,165
	33,518	32,642	876
	9,438	8,437	1,001
	7,490	7,965	-475
	7,122	8,142	-1,020
	5,610	6,469	-859
	5,705	5,726	-21
	7,364	6,766	598
	6,826	7,431	-605
	7,674	9,532	-1,858
	5,525	5,161	364
	10,510	7,744	2,766
	8,474	7,857	617
	9,916	8,676	1,240
	6,574	6,564	10
	8,546	7,375	1,171
	7,154	7,681	-527
	9,520	10,454	-934
	7,414	7,742	-328
	9,563	8,374	1,189
	45,825	40,799	5,026
	3,180	2,092	1,088
	15,538	9,978	5,560
	51	47	4
	10,002	5,788	4,214
	10,503	11,466	-963
	9,669	11,570	-1,901
	9,286	9,094	192
	9,447	8,383	1,064
	11,494	10,048	1,446
	9,793	11,372	-1,579
	10,595	6,194	4,401
	12,736	8,512	4,224
	9,193	8,803	390
	11,197	9,525	1,672
	10,954	10,188	766
	9,509	8,463	1,046
	12,664	11,124	1,540
	8,838	8,143	695
	14,176	11,804	2,372
	9,633	9,980	-347
	11,848	9,065	2,783
	3,700	3,476	224
	3,327	1,098	2,229
	4,840	4,178	662
	5,507	222	5,285
	2,763	2,338	425
	2,785	1,731	1,054
	2,905	2,450	455
	6,833	392	6,441
	2,257	1,344	913
	2,289	1,520	769
	3,865	3,767	98
	2,539	419	2,120
	2,648	2,623	25
	1,751	1,495	256
	1,962	886	1,076
	6,612	4,778	1,834
	3,860	1,686	2,174
	3,107	2,514	593
	2,790	3,432	-642
	2,127	1,276	851
	2,014	2,121	-107
	3,039	3,477	-438
	1,878	457	1,421
	2,730	2,510	220
	2,720	1,522	1,198
	1,667	1,484	183
	2,273	1,708	565
	3,751	3,547	204
	1,865	1,754	111
	3,924	556	3,368
	2,223	1,327	896
	1,668	806	862
	3,599	1,387	2,212
	2,281	1,805	476
	2,140	1,332	808
	2,202	490	1,712
	3,810	2,420	1,390
	1,664	1,717	-53
	9,208	2,089	7,119
	2,750	2,385	365
	2,208	1,845	363
	1,600	1,101	499
	2,976	2,374	602
	2,055	1,686	369
	1,640	952	688
	2,461	1,292	1,169
	2,324	2,007	317
	3,353	2,249	1,104
	2,068	1,170	898
	1,175	1,672	-497
	1,976	1,711	265
	2,681	402	2,279
	3,777	3,344	433
	4,468	2,667	1,801
	3,905	3,508	397
	4,045	971	3,074
	2,171	2,128	43
	2,901	2,507	394
	2,550	2,149	401
	1,897	1,655	242
	1,643	1,720	-77
	1,510	1,726	-216
	8,412	5,938	2,474
	5,166	4,346	820
	2,110	1,778	332
	1,145	944	201
	7,268	9,277	-2,009
	6,115	5,983	132
	8,338	5,300	3,038
	6,765	8,379	-1,614
	6,835	7,489	-654
	7,502	5,921	1,581
	1,606	999	607
	85	68	17
	1,189	956	233
	7,173	10,032	-2,859
	860	1,096	-236
	1,835	999	836
	146	173	-27
	5,572	6,595	-1,023
	3,987	4,723	-736
	8,989	11,356	-2,367
	8,695	9,874	-1,179
	10,750	11,338	-588
	11,680	5,565	6,115
	2,098	999	1,099
	1,395	916	479
	9,233	9,071	162
	8,744	8,671	73
	10,450	6,223	4,227
	9,536	6,195	3,341
	152	94	58
	3,801	2,354	1,447
	3,374	1,540	1,834
	6,004	4,534	1,470
	1,825	4,699	-2,874
	3,577	2,398	1,179
	1,601	1,284	317
	553	441	112
	4,891	5,427	-536
	4,781	4,242	539
	3,043	4,088	-1,045
	356	478	-122
	4,495	2,764	1,731
	3,038	3,973	-935
	4,733	5,258	-525
	5,150	3,637	1,513
	1,528	1,363	165
	1,319	1,099	220
	3,425	2,826	599
	3,071	2,049	1,022
	1,396	1,354	42
	3,130	3,057	73
	2,462	2,829	-367
	2,858	3,403	-545
	651	719	-68
	3,949	4,817	-868
	2,117	1,990	127
	3,548	4,348	-800
	4,552	4,631	-79
	4,719	5,504	-785
	2,259	2,383	-124
	2,222	3,114	-892
	816	1,091	-275
	6,470	7,281	-811
	3,127	3,059	68
	4,796	6,351	-1,555
	2,593	3,007	-414
	76	68	8
	2,684	2,379	305
	20,276	20,276	0
	8,386	8,422	-36
	6,404	6,275	129
	7,264	7,333	-69
	4,221	4,174	47
	3,067	3,038	29
	6,377	6,344	33
	4,101	4,093	8
	28,586	23,911	4,675
	9,756	9,504	252
	4,370	4,141	229
	4,074	4,049	25
	4,045	3,956	89
	7,277	7,217	60
	7,615	7,575	40
	4,150	4,149	1
	8,613	8,466	147
	20,271	20,271	0
	18,293	17,764	529
	7,049	6,643	406
	5,307	5,260	47
	8,816	8,870	-54
	5,687	5,768	-81
	20,809	20,789	20
	21,775	21,708	67
	4,898	4,527	371
	4,648	4,343	305
	6,652	6,066	586
	8,573	8,509	64
	8,410	8,273	137
	4,024	4,016	8
	8,635	8,413	222
	5,928	5,888	40
	8,890	9,000	-110
	9,052	7,350	1,702
	7,348	7,375	-27
	4,647	4,633	14
	4,171	4,145	26
	3,622	3,581	41
	6,255	6,138	117
	9,016	8,863	153
	9,387	9,041	346
	5,264	5,250	14
	6,367	6,210	157
	1,071	1,070	1
	9,825	9,392	433
	6,487	6,271	216
	7,567	7,202	365
	7,226	6,942	284
	8,640	8,245	395
	8,378	324	8,054
	912		912
	3		3
	35,092		35,092
	11,778		11,778
		872	-872
	8,260		8,260
		102,324	-102,324
	21,864		21,864
		1	-1
	171		171

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			278,672
b			-101,084
c			-81,827
d			210,125
e			-1,220
			-5,690
			-1,617
			-59
			-1,470
			-694
			-1,942
			-867
			-951
			-2,727
			-3,219
			-1,550
			-1,558
			-256
			-58
			-1,623
			-782
			-299
			-127
			-623
			-494
			-615
			-702
			-218
			141
			-383
			-555
			115
			-396
			-1,808
			-567
			-1,756
			-169
			163
			-68
			315
			-2
			-15,769
			-14,880
			-11,688
			-4,498
			-15,704
			-7,197
			-35,540
			21,667
			8,155
			3,353
			15,363
			1,940
			-5,745
			2,299
			7,235
			-4,477
			556
			-3,202
			-1,299
			4,998
			-3,112
			-5,528
			-288
			-5,141
			-6,011
			-2,735
			-3,207
			-2,490
			-1,348
			-117
			159
			192
			-22
			134
			-319
			-401
			806
			250
			501
			-3,273
			-242
			-369
			-128
			40
			105
			454
			340
			17
			17
			25
			30
			4
			148
			366
			-439
			825
			261
			810
			781
			-30,774
			-19,144
			-33,011
			-11,610
			66,278
			168,206
			103,086
			839
			3,165
			876
			1,001
			-475
			-1,020
			-859
			-21
			598
			-605
			-1,858
			364
			2,766
			617
			1,240
			10
			1,171
			-527
			-934
			-328
			1,189
			5,026
			1,088
			5,560
			4
			4,214
			-963
			-1,901
			192
			1,064
			1,446
			-1,579
			4,401
			4,224
			390
			1,672
			766
			1,046
			1,540
			695
			2,372
			-347
			2,783
			224
			2,229
			662
			5,285
			425
			1,054
			455
			6,441
			913
			769
			98
			2,120
			25
			256
			1,076
			1,834
			2,174
			593
			-642
			851
			-107
			-438
			1,421
			220
			1,198
			183
			565
			204
			111
			3,368
			896
			862
			2,212
			476
			808
			1,712
			1,390
			-53
			7,119
			365
			363
			499
			602
			369
			688
			1,169
			317
			1,104
			898
			-497
			265
			2,279
			433
			1,801
			397
			3,074
			43
			394
			401
			242
			-77
			-216
			2,474
			820
			332
			201
			-2,009
			132
			3,038
			-1,614
			-654
			1,581
			607
			17
			233
			-2,859
			-236
			836
			-27
			-1,023
			-736
			-2,367
			-1,179
			-588
			6,115
			1,099
			479
			162
			73
			4,227
			3,341
			58
			1,447
			1,834
			1,470
			-2,874
			1,179
			317
			112
			-536
			539
			-1,045
			-122
			1,731
			-935
			-525
			1,513
			165
			220
			599
			1,022
			42
			73
			-367
			-545
			-68
			-868
			127
			-800
			-79
			-785
			-124
			-892
			-275
			-811
			68
			-1,555
			-414
			8
			305
			0
			-36
			129
			-69
			47
			29
			33
			8
			4,675
			252
			229
			25
			89
			60
			40
			1
			147
			0
			529
			406
			47
			-54
			-81
			20
			67
			371
			305
			586
			64
			137
			8
			222
			40
			-110
			1,702
			-27
			14
			26
			41
			117
			153
			346
			14
			157
			1
			433
			216
			365
			284
			395
			8,054
			912
			3
			35,092
			11,778
			-872
			8,260
			-102,324
			21,864
			-1
			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	543,126
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	1,491,785	16,335,741	0.091320
2017	3,096,678	15,361,911	0.201582
2016	1,813,962	25,415,596	0.071372
2015	2,512,575	28,810,142	0.087211
2014	2,544,821	51,668,135	0.049253

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

0.500738

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 ......

0.100148

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

14,360,251

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

1,438,150

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

7,050

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

1,445,200

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

316,606

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	14,100
	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	14,100
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	14,100
6	Credits/Payments:

a	2019 estimated tax payments and 2018 overpayment credited to 2019	6a	13,364
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	13,364
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	10
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	746
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 tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

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

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

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

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

Yes

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

Yes

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 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?

Yes

Website address bullet

N/A

The books are in care of bullet

HANNAH ELDREDGE Telephone no. bullet

(801) 532-0934

Located at bullet

79 S MAIN STREET 13TH FLOORSALT LAKE CITYUT ZIP+4 bullet

84111

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
SPENCER ECCLES	CHAIR/TRUSTEE/COMMITTEE ME 1.00	0	0	0
79 SOUTH MAIN 13TH FLOOR SALT LAKE CITY,UT84111	CHAIR/TRUSTEE/COMMITTEE ME 1.00	0	0	0
LISA ECCLES	TRUSTEE/COMMITTEE MEMBER 1.00	0	0	0
79 SOUTH MAIN 13TH FLOOR SALT LAKE CITY,UT84111	TRUSTEE/COMMITTEE MEMBER 1.00	0	0	0
C HOPE ECCLES	TRUSTEE/COMMITTEE MEMBER 1.00	0	0	0
79 SOUTH MAIN 13TH FLOOR SALT LAKE CITY,UT84111	TRUSTEE/COMMITTEE MEMBER 1.00	0	0	0

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
THE CYNOSURE GROUP	INVESTMENT MANAGEMENT	71,788
79 S MAIN ST 3RD FLOOR SALT LAKE CITY,UT84110	INVESTMENT MANAGEMENT	71,788

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

5,425,609

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

472,326

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

8,681,000

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

14,578,935

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

14,578,935

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

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

218,684

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

14,360,251

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

718,013

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

718,013

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

14,100

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

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

14,100

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

703,913

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

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

703,913

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

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

703,913

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 ..........

316,606

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

316,606

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

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

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

316,606

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					703,913
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......
b From 2015......
c From 2016......
d From 2017......	1,266,948
e From 2018......	674,998
fTotal of lines 3a through e........		1,941,946
4Qualifying distributions for 2019 from Part
XII, line 4: $ 316,606
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.....					316,606
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2019.		387,307			387,307
(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		1,554,639
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 ......		1,554,639
10 Analysis of line 9:
a Excess from 2015....
b Excess from 2016....
c Excess from 2017....	879,641
d Excess from 2018....	674,998
e Excess from 2019....

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).)

SPENCER ECCLES

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
ALF ENGEN FOUNDATION PO BOX 9801787 PARK CITY,UT84098	NONE	PC	GENERAL SUPPORT	4,000
AMERICAN CANCER SOCIETY 375 E 100 S 1ST FLOOR SALT LAKE CITY,UT84111	NONE	PC	BOARD & STAFF CAMPAIGN SUPPORT	20,000
BALLET WEST CAPITOL THEATER 50 WEST 200 SOUTH SALT LAKE CITY,UT84101	NONE	PC	GENERAL SUPPORT	5,000
BETA THETA PI FOUNDATION 5134 BONHAM ROAD OXFORD,OH45056	NONE	PC	LEADERSHIP FUND	1,000
BOYS AND GIRLS CLUB OF GREATER SALT LAKE CITY 669 SOUTH 200 EAST SUITE 100 SALT LAKE CITY,UT84111	NONE	PC	GENERAL SUPPORT	6,000
BRIGHAM YOUNG UNIVERSITY 730 TANNER BUILDING BRIGHAM YOUNG UNIVERSITY PROVO,UT84602	NONE	PC	MARRIOTT SCHOOL OF MANAGEMENT	10,000
COLUMBIA UNIVERSITY 3022 BROADWAY 1010 URIS HALL NEW YORK,NY10027	NONE	PC	GRADUATE SCHOOL OF BUSINESS	10,000
NEIGHBORHOOD HOUSE 1050 WEST 500 SOUTH SALT LAKE CITY,UT84101	NONE	PC	GENERAL SUPPORT	20,000
OGDEN SURGICAL MEDICAL SOCIETY PO BOX 931 OGDEN,UT84409	NONE	PC	GENERAL SUPPORT	1,000
SNOWBASIN SKI EDUCATION PO BOX 150131 OGDEN,UT84415	NONE	PC	SAFETY GRANT FUND	2,000
SNOWBIRD SPORTS EDUCATION FOUNDATION 3165 MILLROCK DR 190 HOLLADAY,UT84121	NONE	PC	SNOW CUP SUPPORT FUND	2,000
SOUTHERN UTAH UNIVERSITY 351 W UNIVERSITY BLVD CEDAR CITY,UT84720	NONE	PC	ECCLES FIRST SECURITY SCHOLARSHIP FUND	10,000
STANFORD UNIVERSITY PO BOX 20467 STANFORD,CA94309	NONE	PC	LAW SCHOOL	10,000
STANFORD UNIVERSITY PO BOX 20467 STANFORD,CA94309	NONE	PC	THE STANFORD FUND FOR UNDERGRADUATE EDUCATION	20,000
THE ROAD HOME 210 SOUTH RIO GRANDE STREET SALT LAKE CITY,UT84101	NONE	PC	GENERAL SUPPORT	20,000
THE SALVATION ARMY 438 S 900 WEST SALT LAKE CITY,UT84104	NONE	PC	GENERAL SUPPORT	10,000
UNITED WAY OF SALT LAKE CITY 257 E 200 S SALT LAKE CITY,UT84111	NONE	PC	UNITED WAY - WOMEN UNITED SUPPORT	5,000
UTAH SYMPHONY AND OPERA ABRAVANEL HALL 123 WEST SOUTH TEMPLE SALT LAKE CITY,UT84101	NONE	PC	GENERAL SUPPORT	10,000
WATERFORD ANNUAL FUND 1480 E 9400 SOUTH SANDY,UT84093	NONE	PC	GENERAL SUPPORT	20,000
WOUNDED WARRIOR PROJECT INC 4899 BELFORT ROAD JACKSONVILLE,FL32256	NONE	PC	GENERAL SUPPORT	1,000
YOUNG WOMEN'S CHRISTINA ASSOCIATION OF SALT LAKE CITY 322 EAST 300 SOUTH SALT LAKE CITY,UT84111	NONE	PC	GENERAL SUPPORT	1,000
Total ................................. 3a				188,000

bApproved for future payment

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

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 ...........			14	18,759
4 Dividends and interest from securities....			14	129,502
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.....			14	123,446
8 Gain or (loss) from sales of assets other than inventory ............			18	543,126
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPASSTHROUGH UNRELATED	523000	26,876
bREIMBURSMENT OF CONTRACT SERVICES			01	12,000
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		26,876		826,833	0

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

853,709

(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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