Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
Roehl Family Foundation
 
% KATHERINE ROEHL
Number and street (or P.O. box number if mail is not delivered to street address)1085 County Road 83
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Maple Plain, MN55359
A Employer identification number

47-6490311
B Telephone number (see instructions)

(952) 448-5111
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$9,160,890J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 603,310
2 Check bullet.............
3 Interest on savings and temporary cash investments 14,886 25,584  
4 Dividends and interest from securities... 214,465 210,100  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 232,771
b Gross sales price for all assets on line 6a 1,750,205
7 Capital gain net income (from Part IV, line 2)... 234,698
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 6    
12 Total. Add lines 1 through 11........ 1,065,438 470,382  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,036 2,018 0 2,018
c Other professional fees (attach schedule).... Click to see attachment 65,368 65,373    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,486 5,590    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,915 72,981 0 2,043
25 Contributions, gifts, grants paid....... 411,000 411,000
26 Total expenses and disbursements. Add lines 24 and 25 491,915 72,981 0 413,043
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 573,523
b Net investment income (if negative, enter -0-) 397,401
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   2,350 2,350
2 Savings and temporary cash investments......... 202,690 264,427 264,427
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 5,949,270 Click to see attachment6,732,474 6,732,474
c Investments—corporate bonds (attach schedule)....... 158,916 Click to see attachment976,084 976,084
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,393,510 Click to see attachment1,185,555 1,185,555
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,704,386 9,160,890 9,160,890
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 7,704,386 9,160,890
30 Total net assets or fund balances (see instructions)..... 7,704,386 9,160,890
31 Total liabilities and net assets/fund balances (see instructions). 7,704,386 9,160,890
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,704,386
2
Enter amount from Part I, line 27a .....................
2
573,523
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,564,173
4
Add lines 1, 2, and 3 ..........................
4
9,842,082
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
681,192
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
9,160,890
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICALLY TRADED SECURITIES      
b CAPITAL GAIN DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,748,077   1,515,507 232,570
b       2,128
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       232,570
b        
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 234,698
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 261,425 8,469,540 0.030866
2016 161,507 5,481,268 0.029465
2015 37,568 3,352,774 0.011205
2014 0 873,641 0.0
2013      
2
Total of line 1, column (d) .....................
2
0.071536
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.017884
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,369,156
5
Multiply line 4 by line 3......................
5
167,558
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,974
7
Add lines 5 and 6........................
7
171,532
8
Enter qualifying distributions from Part XII, line 4,.............
8
413,043
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 3,974
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 3,974
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,974
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 6,260
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,260
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,286
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet2,286 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletKATHERINE ROEHL Telephone no.bullet (952) 448-5111

    Located atbullet1085 COUNTY ROAD 83Maple PlainMN ZIP+4bullet55359
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Katherine Roehl Trustee
    1.0     		0 0 0
    1085 County Road 83
    Maple Plain,MN55359
    Gerald Roehl Trustee
    1.0     		0 0 0
    1085 County Road 83
    Maple Plain,MN55359
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    9,272,053
    b
    Average of monthly cash balances.......................
    1b
    239,780
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,511,833
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,511,833
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    142,677
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,369,156
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    468,458
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    468,458
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    3,974
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,974
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    464,484
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    464,484
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    464,484
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    413,043
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    413,043
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    3,974
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    409,069
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 464,484
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 410,061
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 413,043
    a Applied to 2017, but not more than line 2a 410,061
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 2,982
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 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 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		461,502
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    GERALD AND KATHERINE ROEHL
    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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Against Malaria Foundation
    PO Box 7247-6370
    Philadelphia,PA197106370     		None PC Health Awareness 7,000
    American Red Cross
    1201 West River Parkway
    Minneapolis,MN55454     		None PC Humanitarian relief 5,000
    American Refugee Committee
    615 First Avenue North East Suite
    Minneapolis,MN55413     		None PC Health 7,000
    Ampersand Families
    2515 Wabash Avenue Suite 150
    St Paul,MN55114     		None PC Adoption Assistance 7,000
    Bethany Christian Services
    316 East 6th Street
    Des Moines,IA50309     		None PC Children & Families in Need 5,000
    Catholic Charities
    1200 2nd Avenue South
    Minneapolis,MN55403     		None PC Poverty/Housing 10,000
    Children's Home Society
    1605 Eustis Street
    St Paul,MN55108     		None PC Adoption Assistance 5,000
    Crescent Cove
    3440 Belt Line Blvd
    St Louis Park,MN55416     		None PC Health 10,000
    Cristo Rey High School
    2924 4th Avenue South Suite 10
    Minneapolis,MN55408     		None PC Education/Poverty 80,000
    Days For Girls
    1610 Grover Street Suite B22
    Lynden,WA98264     		None PC Femine Hygeine 6,000
    Des Moines Christian School
    13007 Douglas Parkway
    Urbandale,IA50323     		None PC Education 10,000
    Elevate Life
    2600 Eagan Woods Dr Suite 110
    Eagan,MN55121     		None PC Pro Life services/ Health 5,000
    Feed My Starving Children
    401 93rd Avenue Northwest
    Coon Rapids,MN55433     		None PC Poverty 5,000
    Global IE
    PO Box 631006
    Highlands Ranch,CO80163     		None PC Education 4,000
    Grace Family Center
    2385 Commerce Boulevard
    Mound,MN55364     		None PC Food/Clothing for the Poor 10,000
    Hammer Residences Inc
    1909 East Wayzata Boulevard
    Wayzata,MN55391     		None PC Education/ Housing 25,000
    HNOJ- Outreach Discipleship
    155 County Road 24
    Wayzata,MN55391     		None PC Poverty/ Housing IOCP 10,000
    Hope Academy
    2300 Chicago Avenue
    Minneapolis,MN55404     		None PC Poverty & Education 7,000
    Hope Through Jesus
    P4121 Pineview Road
    Birmawood,WI544149422     		None PC Poverty, Health & Education 20,000
    Joppa Outreach Inc
    118 SE 4th Street Suite 120
    Des Moines,IA50309     		None PC The Poor & Homeless 5,000
    Josephine Sculpture Park
    3355 Lawrenceburg Road
    Frankfort,KY40601     		None PC Community Art Education 6,000
    JoyEl
    3741 JoyEI Drive
    Greencastle,PA17225     		None PC Education/Christian Children's Camp 5,000
    Kids Alive International
    2507 Cumberland Dr
    Valparaiso,IN46383     		None PC Aid and rescue for vulnerableChildren 5,000
    Mano-a-Mano
    925 Pierce Butler Route
    St Paul,MN55104     		None PC Poverty, Health & Education 5,000
    New Horizons Foundation
    5550 Tech Center Drive
    Colorado Springs,CO80919     		None PC Health /Support for families 4,000
    New Life Family Services
    1515 66th Street
    Richfield,MN55423     		None PC Adoption Assistance 6,500
    Ozark Teen Challenge-Home of HOPE
    PO Box 2066
    Branson West,MO65737     		None PC Health / Addiction services 6,000
    Prader-Willis Syndrome Association
    8588 Potter Park Drive Suite 500
    Sarasota,FL34238     		None PC Health 5,000
    Rape Abuse & Incest National Network
    1220 L Street North West Suite 50
    Washington,DC20005     		None PC Awareness of Abuse 7,000
    Ridgeview Foundation
    490 South Maple
    Waconia,MN55387     		None PC Health/Education 31,000
    Sharing & Caring Hands Inc
    525 North 7th Street
    Minneapolis,MN55405     		None PC Poverty 30,000
    SIM- Girls Transition House
    PO Box 7900
    Charlotte,NC28241     		None PC Poverty, Health & Education 5,000
    Sisters of St Benedict
    104 Chapel Lane
    St Joseph,MN56374     		None PC Education 15,000
    Source Ministries
    PO Box 8212
    Minneapolis,MN55408     		None PC Poverty & Health 6,500
    Stages Theater Co
    1111 Main Street
    Hopkins,MN55343     		None PC Education/Children's Theater 5,000
    Tonka Alano
    5098 Three Points Blvd
    Mound,MN55364     		None PC Alchohol Awareness 5,000
    Union Gospel Mission
    77 9th Street East
    St Paul,MN55101     		None PC Poverty 5,000
    Westwind Church Memorial Fund
    185 NE Dartmoor Dr
    Waukee,IA50263     		None PC Aid to families in need/Poverty 10,000
    Wildwood Hills Ranch
    2552 Union Lane
    St Charles,IA50240     		None PC Health & Outreach to at Risk Children 6,000
    Total .................................bullet 3a 411,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 14,886  
    4 Dividends and interest from securities....     14 214,465  
    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 ............     		    18 232,771  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRETURN OF CAPITAL     		    01 6  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   462,128  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    462,128
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    Roehl Family Foundation
     
    Employer identification number

    47-6490311
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    Roehl Family Foundation
          		Employer identification number
    47-6490311
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Gerald Katherine Roehl  
    1085 County Road 83
     
    Maple Plain, MN55359

    		$ 603,310


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    Roehl Family Foundation
          		Employer identification number

    47-6490311
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 222 SHS TECHNOLOGY SELECT SECTOR; 3,900 SHS INTEGER HOLDINGS CORP; 680 SHS ISHARES S&P 500 GROWTH EF $ 603,310  
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    Roehl Family Foundation
          		Employer identification number

    47-6490311
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 4,036 2,018   2,018

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

    TY 2018 DepreciationSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK OF AMER CORP B/E 155,925 155,925
    WAL-MART STORES INC 16,012 16,012
    JOHN HANCOCK LIFE INS CO 16,059 16,059
    CISCO SYSTEMS INC 16,247 16,247
    GE CAPITAL CORP INTERNOTES 48,744 48,744
    GENERAL ELEC CAP CORP 16,272 16,272
    UNITED PARCEL SERVICE 16,131 16,131
    OCCIDENTAL PETROLEUM CP 8,138 8,138
    LOWE'S COMPANIES INC 16,093 16,093
    US BANKCORP 49,684 49,684
    BERKSHIRE HATHAWAY FIN COMPANY 49,883 49,883
    COMCAST CORP 50,116 50,116
    HSBC 466,973 466,973
    MEDTRONIC INC 49,807 49,807

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MANULIFE FINANCIAL CORP CAD 43,294 43,294
    MEDTRONIC PLC 60,397 60,397
    ALERIAN MLP ETF 30,197 30,197
    INVESCO DYNAMIC LARGE CAP 107,190 107,190
    INVESCO S&P 500 EQUAL WEIGHT E 204,736 204,736
    ISHARES CORE S&P SMALL-CAP ETF 90,116 90,116
    ISHARES S&P 500 GROWTH ETF 378,483 378,483
    ISHARES S&P MID-CAP 400 VALUE 105,830 105,830
    ISHARES S&P MIDCAP 400 GROWTH 108,045 108,045
    TECHNOLOGY SELECT SECTOR SPDR 93,094 93,094
    VANGUARD VALUE ETF 127,335 127,335
    VANGUARD SMALL-CAP ETF 145,585 145,585
    VANGUARD GROWTH ETF 131,509 131,509
    VANGUARD REAL ESTATE ETF 57,866 57,866
    VANGUARD FTSE DEVELOPED MKT ET 157,712 157,712
    WISDOMTREE INTL SMALLCAP DIVID 75,943 75,943
    GOLDMAN SACHS GROUP INC PFD A 28,166 28,166
    ACCENTURE PLC IRELAND 16,075 16,075
    ALTRIA GROUP INC 4,791 4,791
    AMDOCS LTD 1,875 1,875
    AON PLC 9,158 9,158
    CHUBB LTD 11,885 11,885
    CIGNA CORP NEW 8,167 8,167
    CITIGROUP INC NEW 12,599 12,599
    COMCAST CORP NEW CL A 16,004 16,004
    DANAHER CORP 8,971 8,971
    DUKE ENERGY CORP 13,549 13,549
    DXC TECHNOLOGY CO 4,041 4,041
    EATON CORP PLC 10,162 10,162
    EOG RESOURCES INC 4,709 4,709
    FIDELITY NATIONAL INFORMATION 10,870 10,870
    FISERV INC 9,186 9,186
    GENERAL MILLS INC 6,230 6,230
    GOLDMAN SACHS GROUP INC 12,696 12,696
    HONEYWELL INTERNATIONAL INC 11,494 11,494
    ILLINOIS TOOL WORKS INC 6,208 6,208
    INGERSOLL-RAND PLC 9,397 9,397
    JOHNSON & JOHNSON 20,390 20,390
    JOHNSON CTLS INTL PLC 8,658 8,658
    JPMORGAN CHASE & CO 18,548 18,548
    KIMBERLY-CLARK CORP 8,659 8,659
    LEAR CORP 4,669 4,669
    LOCKHEED MARTIN CORP 7,070 7,070
    MCKESSON CORPORATION 4,750 4,750
    MEDTRONIC PLC 14,736 14,736
    METLIFE INC 4,024 4,024
    MOODY'S CORP 2,241 2,241
    NASDAQ INC 6,444 6,444
    NESTLE S A REG 9,958 9,958
    NORTHROP GRUMMAN CORP 6,857 6,857
    P P G INDUSTRIES INC 14,210 14,210
    PFIZER INCORPORATED 15,147 15,147
    PHILIP MORRIS INTERNATIONAL IN 14,086 14,086
    PNC FINANCIAL SERVICES GROUP 10,756 10,756
    ROCHE HOLDINGS LTD 5,408 5,408
    SCHLUMBERGER LTD 6,422 6,422
    STATE STR CORP 9,965 9,965
    TEXAS INSTRUMENTS 11,813 11,813
    THERMO FISHER SCIENTIFIC 6,042 6,042
    TRAVELERS COS INC 8,981 8,981
    UNION PACIFIC CORP 9,814 9,814
    US BANKCORP 11,745 11,745
    WELLS FARGO & CO 13,409 13,409
    XCEL ENERGY INC 9,361 9,361
    ALIGN TECH INC 43,561 43,561
    ASSURED GUARANTY LTD 22,279 22,279
    BURLINGTON STORES INC 50,916 50,916
    FIRST BANKCORP P R 44,299 44,299
    INTEGER HLDGS CORP 665,369 665,369
    ABIOMED INC 12,026 12,026
    ACTIVISION BLIZZARD INC 10,432 10,432
    ALEXION PHARMACEUTICALS INC 12,949 12,949
    ALIBABA GRP HOLDING ADR LTD 19,875 19,875
    ALIGN TECH INC 9,215 9,215
    ALPHABET INC 24,855 24,855
    AMAZON COM INC 36,047 36,047
    BOOKING HLDGS INC 17,224 17,224
    BURLINGTON STORES INC 14,803 14,803
    CSX CORP 14,166 14,166
    EDWARDS LIFESCIENCE CORP 16,389 16,389
    FACEBOOK INC 23,727 23,727
    FIRST REPUBLIC BANK 9,733 9,733
    GRUBHUB INC 11,061 11,061
    ILLUMINA INC 13,497 13,497
    KEYSIGHT TECHS INC 11,299 11,299
    MARKETAXESS HOLDINGS INC 10,566 10,566
    MONSTER BEVERAGE CORP 13,732 13,732
    NVIDIA CORP 11,081 11,081
    PAYPAL HOLDINGS INC 16,398 16,398
    PTC INC 12,352 12,352
    SALESFORCE.COM 18,080 18,080
    SCHWAB CHARLES CORP 8,929 8,929
    SERVICENOW INC 16,381 16,381
    ULTA BEAUTY INC 13,711 13,711
    UNITEDHEALTH GROUP INC 28,151 28,151
    VISA INC 28,235 28,235
    XPO LOGISTICS INC 9,583 9,583
    ZOETIS INC 20,187 20,187
    AAON INC 12,902 12,902
    ANSYS INC 8,148 8,148
    ASPEN TECHNOLOGY INC 13,395 13,395
    AUTO TRADER GRP PLC 21,988 21,988
    AUTOHOME INC 27,302 27,302
    CHEFS WAREHOUSE INC 16,406 16,406
    COPART INC 15,290 15,290
    DOCUSIGN INC 10,741 10,741
    DONALDSON COMPANY INC 7,290 7,290
    ELLIE MAE INC 10,870 10,870
    FACTSET RESEARCH SYSTEMS INC 9,006 9,006
    FOX FACTORY HOLDING CORP 28,787 28,787
    HEICO CORP 9,954 9,954
    INTERACTIVE BROKERS GRP 17,907 17,907
    MARKETAXESS HOLDING INC 8,875 8,875
    MOELIS & CO 10,658 10,658
    MORNINGSTAR INC 12,412 12,412
    NVE CORP COM 12,693 12,693
    OLD DOMINION FREIGHT LIFE INC 15,560 15,560
    OLLIE'S BARGAIN OUTLET HOLDING 8,380 8,380
    PAYCOM SOFTWARE INC 14,327 14,327
    PRICESMART INC 4,433 4,433
    RBC BEARINGS INC 14,421 14,421
    RIGHTMOVE PLC 17,527 17,527
    U S PHYSICAL THERAPY INC 4,810 4,810
    ACS ACTIVIDADES DE CONST SERVI 6,453 6,453
    AERCAP HLDGS NV 7,841 7,841
    AIA GROUP LTD 5,590 5,590
    AIRBUS SE 5,136 5,136
    ARCELORMITTAL LUXEMBOURG 4,547 4,547
    AXA 5,219 5,219
    BAE SYSTEMS PLACE 4,520 4,520
    BAIDU INC 4,758 4,758
    BANCO SANTANDER CENT HISPANO S 5,820 5,820
    BASF SE SPONSORED 4,978 4,978
    BHP GROUP PLC 9,216 9,216
    BRITISH AMERN TON PLC 4,174 4,174
    CALSBERG AS-B SPONSORED 6,694 6,694
    DAIMLER AG UNSPON 4,562 4,562
    DANONE SPONSORED 5,914 5,914
    DBS GROUP HOLDINGS SPON 5,717 5,717
    DEUTSCHE BOERSE 6,192 6,192
    DEUTSCHE POST AG SPONSORED 5,603 5,603
    DNB ASA SPONSORED 5,355 5,355
    E.ON-SE-SPON 6,356 6,356
    ENGIE SPON 6,559 6,559
    ESSILOR INTL-SPONSORED 6,316 6,316
    FANUC CORP 5,045 5,045
    HSBC HOLDINGS PLC-SPON 5,961 5,961
    INDUSTRIA DE DISENO TEXTILE IN 5,694 5,694
    INTERNATIONAL CONS AIRLINES GR 2,727 2,727
    INTESA SANPAOLO SPON 5,636 5,636
    JULIUS BAER GROUP LTD 4,836 4,836
    KONINKLIJKE DSM NV 5,734 5,734
    KUBOTA CORP 5,988 5,988
    LLOYDS BANKING GROUP PLC 5,676 5,676
    MURATA MANUFACTURING 5,488 5,488
    NORDEA BANKING ABP SPON 5,160 5,160
    NXP SEMICONDUCTORS NV 5,862 5,862
    ORANGE SPONSORED 5,456 5,456
    OTSUKA HOLDINGS CO LTD 5,419 5,419
    REPSOL YPF S.A. 8,207 8,207
    ROCHE HOLDINGS LTD 7,273 7,273
    ROYAL DUTCH SHELL PLC 6,526 6,526
    SAP SE-SPONSORED 8,462 8,462
    SECOM LTD 6,533 6,533
    SEVEN & I HOLDINGS 7,109 7,109
    SMITH & NEPHEW PLC 6,429 6,429
    SUMITOMO MITSUI FINL GROUP INC 5,423 5,423
    TORAY INDUSTRIES 5,783 5,783
    TOTAL S.A. SPONS 6,105 6,105
    ACADIA REALTY 2,233 2,233
    AMERICAN ASSETS TR INC 4,901 4,901
    AMERICAN CAMPUS COMMUNITIES 5,712 5,712
    AMERICAN HOMES 4 RENT 4,109 4,109
    AMERICOLD REALTY TRUST 4,495 4,495
    AVALONBAY COMMUNITIES 11,139 11,139
    BOSTON PROPERTIES INC 9,342 9,342
    CAMDEN PROPERTY TRUST REIT SBI 3,962 3,962
    CUBESMART 5,451 5,451
    CYRUSONE INC 3,384 3,384
    DIGITAL REALTY TRUST INC 8,844 8,844
    DOUGLAS EMMETT INC 3,959 3,959
    DUKE REALTY CORP 6,242 6,242
    EASTERLY GOVERNMENT PROPERTIES 1,725 1,725
    EMPIRE STATE REALTY TRUST INC 2,661 2,661
    EQUINIX INC 2,115 2,115
    EQUITY LIFESTYLE PROP 4,079 4,079
    ESSEX PROPERTY TRUST INC 8,337 8,337
    EXTENDED STAY AMER 2,821 2,821
    FEDERAL RLTY INVT TR SBI 4,367 4,367
    HCP INC 8,435 8,435
    HEALTHCARE TR AMER INC 4,733 4,733
    HOST HOTELS & RESORTS 6,085 6,085
    HOWARD HUGHES CORP 1,562 1,562
    NATIONAL RETAIL PPTYS INC 3,202 3,202
    PENN REAL EST INV TR SBI 1,461 1,461
    PIEDMONT OFFICE RLTY TR INC 2,880 2,880
    PROLOGIS INC 4,580 4,580
    PUBLIC STORAGE INC 6,680 6,680
    REAL PROPERTIES OF AMERICA 4,145 4,145
    REXFORD IND REALTY INC 5,865 5,865
    RLJ LODGING TRUST 2,132 2,132
    SIMON PROPERTY GROUP 16,799 16,799
    STORE CAPITAL CORP 3,086 3,086
    TAUBMAN CENTERS INC 1,911 1,911
    VICI PPTYS INC 3,568 3,568
    VORNADO REALTY TR 1,303 1,303
    WASHINGTON REAL ESTATE REIT IN 1,564 1,564
    WELLTOWER INC 9,232 9,232
    ABBVIE INC 72,093 72,093
    ALTRIA GROUP INC 69,195 69,195
    AMERICAN ELECTRIC POWER INC 22,273 22,273
    ASTRAZENECA PLC 20,205 20,205
    AT & T INC 68,981 68,981
    BCE INC 54,077 54,077
    BP PLC SPONS 59,117 59,117
    BRITISH AMERN TON PLC 28,228 28,228
    CDN IMPERIAL BK COMMRC 40,550 40,550
    CHEVRON CORPORATION 61,140 61,140
    COCA-COLA COMPANY 67,095 67,095
    CROWN CASTLE INTERNATIONAL COR 72,999 72,999
    DOMINION ENERGY INC 58,597 58,597
    DUKE ENERGY CORP 66,020 66,020
    EXXON MOBIL CORP 60,144 60,144
    GENERAL MILLS INC 24,649 24,649
    GLAXOSMITHKLINE PLC 59,837 59,837
    HUNGTON BANKSHRES INC 14,590 14,590
    INVESCO LTD 11,115 11,115
    KIMBERLY-CLARK CORP 37,486 37,486
    KRAFT HEINZ CO 13,515 13,515
    NATIONAL GRID PLC 42,174 42,174
    OCCIDENTAL PETE CORP 41,861 41,861
    PEPSICO INCORPORATED 38,999 38,999
    PHILIP MORRIS INTERNATIONAL IN 65,091 65,091
    PNC FINANCIAL SERVICES GROUP 15,315 15,315
    PPL CORPORATION 39,237 39,237
    PROCTOR & GAMBLE CO 38,423 38,423
    REALTY INCOME CORP 17,399 17,399
    SOUTHERN COMPANY 41,241 41,241
    TOTAL S.A. SPONS 26,612 26,612
    UNITED PARCEL SERVICE 40,768 40,768
    VENTAS INC 43,357 43,357
    VERIZON COMMUNICATIONS COM 85,511 85,511
    VODAFONE GROUP PLC 53,271 53,271
    WELLTOWER INC 35,677 35,677
    AMETEK INC 33,918 33,918
    AMN HEALTHCARE SERVICES INC 25,100 25,100
    AMPHENOL CORP 26,656 26,656
    ASPEN TECHNOLOGY INC 29,010 29,010
    BROADRIDGE FINANCIAL SOLUTIONS 25,699 25,699
    BROOKS AUTOMATION INC 24,007 24,007
    COOPER COS INC 31,304 31,304
    ALANCO ANIMAL HEALTH INC 21,661 21,661
    EXPONENT INC 17,546 17,546
    FIRST FINL BANKSAHRES INC 17,019 17,019
    GLOBUS MEDICAL INC 34,061 34,061
    GRACO INCORPORATED 24,147 24,147
    HOULIHAN LOKEY INC 15,898 15,898
    INTL FLAVOR & FRAGRANCES 19,603 19,603
    LAMB WESTON HOLDINGS INC 26,702 26,702
    LENNOX INTERNATIONAL 23,418 23,418
    MONSTER BEVERAGE CORP 19,639 19,639
    MOODY'S CORP 14,424 14,424
    NORSDON CORP 21,841 21,841
    ROSS STORES INC 25,043 25,043
    SEI INVESTMENTS CO 18,665 18,665
    SIGNATURE BANK NEW YORK 20,048 20,048
    SKYWORKS SOLUTIONS INC 11,058 11,058
    TRACTOR SUPPLY COMPANY 32,625 32,625
    VERISK ANALYTICS INC 15,266 15,266
    WABCO HOLDINGS INC 32,417 32,417
    WEST PHARMACEUTICAL SVCS INC 23,527 23,527
    ZOETIS INC 13,259 13,259

    TY 2018 InvestmentsOtherSchedule2
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CAMBIAR INTERNATIONAL EQUITY I FMV 103,099 103,099
    OPPEHHEIMER DEVELOPING MARKETS   231,634 231,634
    AB HIGH INCOME FUND CLASS   87,235 87,235
    BLACKROCK HIGH YIELD BOND   89,572 89,572
    BLACKROCK STRATEGIC INCOME OPP   206,096 206,096
    LORD ABBETT SHORT DURATION INC   79,347 79,347
    METROPOLITAN WEST TOTAL RETURN   225,532 225,532
    TCW EMERGING MARKETS INCOME FU   163,040 163,040

    TY 2018 OtherDecreasesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Description Amount
    UNREALIZED GAIN/LOSS 403,590
    DONATED APPRECIATED SECURITIES 277,602


    TY 2018 OtherExpensesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE FILING FEE 25     25


    TY 2018 OtherIncomeSchedule2
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    RETURN OF CAPITAL 6    


    TY 2018 OtherIncreasesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Description Amount
    BOOK TO FMV ADJUSTMENT 1,564,173


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNT MANAGEMENT FEES 65,368 65,373    


    TY 2018 TaxesSchedule
    Name:
    Roehl Family Foundation
    EIN:
    47-6490311
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 3,828 5,590    
    FEDERAL EXCISE TAX 7,658