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
Living Legacy Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

82-3829140
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$132,086,800J 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) 138,192,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 50,135 50,135  
4 Dividends and interest from securities... 1,002,500 1,002,387  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,446,039
b Gross sales price for all assets on line 6a 66,049,518
7 Capital gain net income (from Part IV, line 2)... 15,215,845
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).......      
12 Total. Add lines 1 through 11........ 144,691,174 16,268,367  
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).......        
c Other professional fees (attach schedule).... Click to see attachment 147,157 147,157    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 244,032 332    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 26,886     26,886
21 Travel, conferences, and meetings....... 2,919     2,919
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 103,604 259   103,345
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 524,598 147,748   133,150
25 Contributions, gifts, grants paid....... 4,813,112 4,813,112
26 Total expenses and disbursements. Add lines 24 and 25 5,337,710 147,748   4,946,262
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 139,353,464
b Net investment income (if negative, enter -0-) 16,120,619
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........   4,332,986 4,332,986
3 Accounts receivable bullet12,364
Less: allowance for doubtful accounts bullet     12,364 12,364
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)   Click to see attachment2,677,957 2,706,930
b Investments—corporate stock (attach schedule).......   Click to see attachment128,090,072 120,858,771
c Investments—corporate bonds (attach schedule).......   Click to see attachment4,195,085 4,130,749
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment45,000 Click to see attachment45,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 0 139,353,464 132,086,800
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   139,353,464
30 Total net assets or fund balances (see instructions)..... 0 139,353,464
31 Total liabilities and net assets/fund balances (see instructions). 0 139,353,464
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
0
2
Enter amount from Part I, line 27a .....................
2
139,353,464
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
139,353,464
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
139,353,464
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 66,049,518   50,833,673 15,215,845
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       15,215,845
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 15,215,845
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      
2016 0 0 0.0
2015 0 0 0.0
2014 0 0 0.0
2013 0 0 0.0
2
Total of line 1, column (d) .....................
2
0.0
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
0.0
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
59,724,817
5
Multiply line 4 by line 3......................
5
0
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
161,206
7
Add lines 5 and 6........................
7
161,206
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,991,262
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 1 161,206
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........................... 3 161,206
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- ..... 5 161,206
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 243,700
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.............. 7 243,700
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 82,494
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet82,494 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
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Alisha BallardClick to see attachment VP, Dir
    40.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Heather HutchesonClick to see attachment VP
    20.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard L HutchesonClick to see attachment Dir, Pres, Sec, Treas
    40.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Richard L Hutcheson JrClick to see attachment VP
    40.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Wells Fargo Investment Mgmt 90,654
    5 Park Plaza 19th Floor
    IRVINE,CA92614
    Foundation Source Administrative 50,115
    55 Walls Drive 3rd Floor
    Fairfield,CT06824
    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
    57,040,594
    b
    Average of monthly cash balances.......................
    1b
    3,593,738
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    60,634,332
    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
    60,634,332
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    909,515
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    59,724,817
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,986,241
    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
    2,986,241
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    161,206
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    161,206
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,825,035
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,825,035
    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
    2,825,035
    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
    4,946,262
    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
    45,000
    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
    4,991,262
    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
    161,206
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,830,056
    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 2,825,035
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,991,262
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 2,825,035
    e Remaining amount distributed out of corpus 2,166,227
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,166,227
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		2,166,227
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018.... 2,166,227
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFTER-SCHOOL ALL-STARS
    5670 WILSHIRE BLVD STE 620
    LOS ANGELES,CA90036     		N/A PC General & Unrestricted 100,000
    ANY BABY CAN OF AUSTIN INC
    6207 SHERIDAN AVE
    AUSTIN,TX78723     		N/A PC General & Unrestricted 150,000
    ART & CREATIVITY FOR HEALING INC
    23011 MOULTON PKWY STE I5
    LAGUNA HILLS,CA92653     		N/A PC General & Unrestricted 204,000
    BETHANY CHRISTIAN SERVICES
    901 EASTERN AVE NE
    GRAND RAPIDS,MI49503     		N/A PC General & Unrestricted 40,000
    BREAK THE BARRIERS INC
    8555 N CEDAR AVE
    FRESNO,CA93720     		N/A PC General & Unrestricted 125,000
    CARE FRESNO INC
    PO BOX 8147
    FRESNO,CA93747     		N/A PC General & Unrestricted 55,000
    CHOC FOUNDATION
    1201 W LA VETA AVE
    ORANGE,CA92868     		N/A PC To support the critical services offered by the IOP 300,000
    CHURCH AT SOUTH LAS VEGAS INC
    3051 W HORIZON RIDGE PKWY
    HENDERSON,NV89052     		N/A PC General & Unrestricted 1,000,000
    CONCORDIA UNIVERSITY
    1530 CONCORDIA
    IRVINE,CA92612     		N/A PC Borland-Manske Center for Music, Worship & Theology, CUI Summer mission for costa rica, and cui enactus club for establishing expansion to costa rica 300,000
    CONVOY OF HOPE
    330 S PATTERSON AVE
    SPRINGFIELD,MO65802     		N/A PC General & Unrestricted 250,000
    CULTURAL BROKERS INC
    302 FRESNO ST STE 207
    FRESNO,CA93706     		N/A PC General & Unrestricted 60,000
    EVERY MONDAY MATTERS INC
    321 N PASS AVE 152
    BURBANK,CA91505     		N/A PC General & Unrestricted 50,000
    FREEDOM COMMUNITY CHURCH
    3415 N MCKELVY AVE
    FRESNO,CA93727     		N/A PC General & Unrestricted 35,000
    FRESNO NEW CREATION MINISTRIES INC
    5150 N 6TH ST
    FRESNO,CA93710     		N/A PC General & Unrestricted 50,000
    INSPIRE ONE FOUNDATION
    7419 N CEDAR AVE STE 103
    FRESNO,CA93720     		N/A PC General & Unrestricted 45,000
    JARON MINISTRIES INTERNATIONAL INC
    4710 N MAPLE AVE
    FRESNO,CA93726     		N/A PC General & Unrestricted 34,500
    KIDS ON A MISSION
    PO BOX 3471
    PINEDALE,CA93650     		N/A PC General & Unrestricted 27,500
    MARJAREE MASON CENTER INC
    1600 M ST
    FRESNO,CA93721     		N/A PC General & Unrestricted 75,000
    MOUNTAIN VIEW COMMUNITY CHURCH MENNONITE BRETHREN
    3600 N FOWLER AVE
    FRESNO,CA93727     		N/A PC General & Unrestricted 100,000
    MUSEUM ASSOCIATES
    5905 WILSHIRE BLVD
    LOS ANGELES,CA90036     		N/A PC After School and NexGen Program 150,000
    NEWPORT HARBOR EDUCATIONAL FOUNDATION
    600 IRVINE AVE
    NEWPORT BEACH,CA92663     		N/A PC General & Unrestricted 60,000
    PROJECT HOPE ALLIANCE
    1954 PLACENTIA AVE STE 202
    COSTA MESA,CA92627     		N/A PC General & Unrestricted 150,000
    PROJECT HOPE ALLIANCE
    1954 PLACENTIA AVE STE 202
    COSTA MESA,CA92627     		N/A PC President/CSO position Fund 182,612
    PSALMIST MISSION INC
    1300 E SHAW AVE STE 149
    FRESNO,CA93710     		N/A PC General & Unrestricted 50,000
    SCHOOL ON WHEELS INC
    PO BOX 23371
    VENTURA,CA93002     		N/A PC General & Unrestricted 100,000
    SHAKARIAN MINISTRIES INTERNATIONAL INC
    1301 SOLVAY AISLE
    IRVINE,CA92606     		N/A PC General & Unrestricted 29,500
    SHAOHANNAHS HOPE INC
    PO BOX 647
    FRANKLIN,TN37065     		N/A PC General & Unrestricted 350,000
    SHIELD OF FAITH MISSIONS
    11928 SHELDON RD
    TAMPA,FL33626     		N/A PC General & Unrestricted 225,000
    SUSTAINABLE FOOD CENTER INC
    2921 E 17TH ST BLDG C
    AUSTIN,TX78702     		N/A PC General & Unrestricted 25,000
    TEEN LEADERSHIP FOUNDATION
    PO BOX 7342
    NEWPORT BEACH,CA92658     		N/A PC Launch Pad transitional housing program 100,000
    UNIVERSITY OF OREGON FOUNDATION
    1720 E 13TH AVE STE 410
    EUGENE,OR97403     		N/A PC Bionic Retina-Blindness Restoration Project 160,000
    WARRIORS HEART MINISTRY INC
    PO BOX 3216
    CLOVIS,CA93613     		N/A PC General & Unrestricted 50,000
    YOUNG LIFE
    13938 TAFT ST 4
    GARDEN GROVE,CA92843     		N/A PC General & Unrestricted 30,000
    YOUTH FOR CHRIST USA INC
    1401 E DIVISADERO ST
    FRESNO,CA93721     		N/A PC General & Unrestricted 150,000
    Total .................................bullet 3a 4,813,112
    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 50,135  
    4 Dividends and interest from securities....     14 1,002,500  
    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 5,446,039  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   6,498,674  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,498,674
    (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
    Living Legacy Foundation
     
    Employer identification number

    82-3829140
    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
    Living Legacy Foundation
          		Employer identification number
    82-3829140
    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
    Hutcheson Richard L  
    2021 Trailside Village Avenue
     
    Las Vegas, NV89012

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Mary Hutchinson Living Trust  
    c/o Mary Hutchinson 1 Windhaven Dr
     
    Fort Smith, AR72903

    		$ 138,182,500


    (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
    Living Legacy Foundation
          		Employer identification number

    82-3829140
    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
    2
    		 WAL-MART STORES INC WMT, 500000 sh. $ 42,930,000 2018-06-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 WAL-MART STORES INC WMT, 500000 sh. $ 42,930,000 2018-06-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 WAL-MART STORES INC WMT, 250000 sh. $ 26,161,250 2018-11-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 WAL-MART STORES INC WMT, 250000 sh. $ 26,161,250 2018-11-08
    (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
    Living Legacy Foundation
          		Employer identification number

    82-3829140
    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 CompensationExplanation
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Person Name Explanation
    Alisha Ballard *As a result of factors outside the control of the Foundation or Alisha Ballard, an independent compensation panel was unable to determine reasonable compensation for Alisha Ballard for 2018 until early 2019. Consistent with the independent panels determination, reasonable compensation for 2018 was paid to Alisha Ballard in 2019 for services rendered by Alisha Ballard to the Foundation in 2018.
    Richard L Hutcheson *As a result of factors outside the control of the Foundation or Richard L Hutcheson, an independent compensation panel was unable to determine reasonable compensation for Richard L Hutcheson for 2018 until early 2019. Consistent with the independent panels determination, reasonable compensation for 2018 was paid to Richard L Hutcheson in 2019 for services rendered by Richard L Hutcheson to the Foundation in 2018.

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

    TY 2018 DepreciationSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    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:
    Living Legacy Foundation
    EIN:
    82-3829140
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLY FINANCIAL - 4.625% - 03/3 248,496 240,250
    AT&T INC - 3.800% - 03/01/2024 49,659 49,426
    BANK AMER CORP FR - 3.300% - 0 91,278 90,607
    BANK NEW YORK MELLONCORP MTN B 90,625 90,530
    BERKSHIRE HATHAWAY INC - 0.000 90,721 91,296
    BUCKEYE PARTNERS LP BOND - 4.1 248,358 243,158
    CAPITAL ONE FINL CORP NOTE - 2 90,205 89,770
    CIT GROUP INC - 5.000% - 08/15 151,380 147,938
    CITIGROUP INC - 2.350% - 08/02 91,572 91,317
    CONSTELLATION BRANDS INC - 4.2 249,173 248,021
    FORD MOTOR - 4.140% - 02/15/20 200,316 190,090
    GENERAL MOTORS FINL CO SR UNSE 150,105 146,145
    GENERAL MTRS FINL CO INC - 3.1 91,207 90,227
    GOLDMAN SACHS BND - 2.600% - 0 296,981 297,065
    ICAHN ENTERPRISES NT - 5.875% 150,158 147,000
    INTERNATIONAL BANK FOR REC &DE 172,802 173,523
    JPMORGAN CHASE & CO - 4.350% - 90,719 89,992
    KINDER MORGAN INC - 3.020% - 1 90,258 89,482
    MORGAN STANLEY - 2.625% - 11/1 91,050 90,602
    MORGAN STANLEY - 4.100% - 05/2 201,536 200,276
    NETFLIX INC - 5.500% - 02/15/2 103,625 100,721
    NEWELL BRANDS INC CALL MAKE WH 198,296 198,450
    PENSKE AUTOMOTIVE GRP INC - 5. 247,360 234,063
    PNC FINL - 3.900% - 04/29/2024 50,029 49,707
    TIME WARNER INC - 4.000% - 01/ 151,416 151,838
    UNITED CONTL HLDGS INC - 4.250 124,063 120,625
    UNITED RENTALS NORTHAMER INC N 200,500 196,250
    WELLS FARGO CO - 4.600% - 04/0 91,968 91,117
    WESTPAC BKG CORP - 2.800% - 01 91,229 91,263

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO 38,949 36,774
    ABBOTT LABS 302,540 336,262
    ABIOMED 17,261 16,902
    ADOBE SYSTEMS, INC 208,508 190,042
    AGILENT TECHNOLOGIES INC 20,136 19,766
    AIR PRODS & CHEM INC 42,686 42,253
    ALABAMA POWER CO PFD CL A - 5. 10,390 9,828
    ALLSTATE CORP DEP 1/1000 PFD G 13,871 13,029
    ALLSTATE CORP NEW MONEY SER F 1,520 1,467
    ALLSTATE CORP SER E PFD STK 6. 16,301 15,976
    ALPHABET INC CL A 555,151 496,356
    AMAZON COM 506,908 450,591
    AMERICAN FINANCIAL GROUP 3,428 3,299
    AMERICAN FINANCIAL GROUP SUBOR 6,889 6,786
    AMERICAN TOWER REIT INC 30,225 31,796
    AMGEN INC 406,791 408,612
    ANGEL OAK MULTI-STRATEGY INCOM 1,192,485 1,177,822
    APPLE INC 332,020 252,384
    AUTOMATIC DATA PROCESSING INC 39,991 37,238
    AXIS CAPITAL HLDGS LTD NON-CUM 10,680 9,255
    AXIS CAPITAL HOLDINGS LTD SER 8,562 7,572
    BAC CAPITAL PFD 6.20% 255,000 253,700
    BAC CAPITAL TR V PFD - 6.500% 27,291 26,674
    BAC CAPITAL TRUST I PREFERRED 28,781 28,315
    BANK OF AMERICA CORP 215,248 172,480
    BANK OF AMERICA CORP PFD 3,141 3,071
    BANK OF AMERICA PREF A 6,850 6,663
    BAXTER INTERNATIONAL INC 201,000 197,460
    BB&T CORP PFD SHS SER H - 5.62 17,574 16,057
    BB&T CORP SER F PERPETUAL PFD 2,750 2,503
    BB&T CORP SHS PFD SER E - 5.62 13,823 12,965
    BECTON DICKINSON & CO 26,468 24,335
    BOEING CO 44,285 40,958
    BOOKING HOLDINGS INC 17,414 15,502
    BROADCOM INC 13,233 15,765
    CAPITAL ONE FINANCIAL NON-C D 11,362 11,053
    CAPITAL ONE FINANCIAL NON-C F 22,582 22,010
    CAPITAL ONE FINANCIAL PFD SER 16,185 15,738
    CAPITAL ONE FINANCIAL PFD STK 3,415 3,313
    CAPITAL ONE FNCL SRS G PFD 5.2 3,325 2,940
    CHARLES SCHWAB CORP 306,224 249,180
    CHARLES SCHWAB SER D PFD 251,529 253,900
    CHUBB LIMITED 68,496 67,174
    CISCO SYSTEMS INC 70,375 67,595
    CITIGROUP INC PFD SER J - 7.12 10,909 10,266
    CITIGROUP NON CUM PFD SER L - 9,268 9,202
    CMS ENERGY PFD STK - 5.625% 6,463 6,162
    COSTCO WHOLESALE CORPORATION 279,202 285,194
    CROWN CASTLE INTL 42,819 42,040
    DANAHER CORP 101,884 104,151
    DFA EMERGING MARKETS PORTFOLIO 852,733 796,268
    DFA EMERGING MARKETS SMALL CAP 295,264 266,761
    DFA EMERGING MARKETS VALUE POR 139,242 129,399
    DFA INTERNATIONAL SMALL CAP GR 384,453 318,743
    DFA INTERNATIONAL SMALL CAP VA 1,238,249 1,000,731
    DFA INTERNATIONAL VALUE PORTFO 1,848,031 1,557,728
    DFA INTL LARGE CAP GROWTH 582,283 529,371
    DFA U.S. MICRO CAP PORTFOLIO 552,846 431,154
    DFA U.S. SMALL CAP GROWTH PORT 495,938 393,190
    DFA U.S. SMALL CAP VALUE PORTF 503,975 384,185
    DIGITAL REALTY TR PFD SER H - 2,611 2,546
    DIGITAL REALTY TRUST PFD SER I 5,556 5,451
    DTE ENERGY COMPANY JUNIOR SUB 12,586 11,863
    ELI LILLY & CO 33,116 34,832
    ENBRIDGE INC NOTES SER 2018-B 6,317 5,861
    ENTERGY ARK INC 1M BD PFD - 4. 10,611 10,106
    ENTERGY ARKANSAS PFD - 4.75% - 2,240 2,162
    ENTERGY CORP NEW ORLEANS - 5.5 3,161 3,125
    ENTERGY LA LLC - 4.875% 9/01/2 7,220 7,056
    ENTERGY LOUISIANA LLC PFD - 4. 3,323 3,089
    ENTERGY MISS INC PFD 4.90% 7,079 6,663
    ENTERGY TEXAS INC 7,050 6,842
    EQUITY LIFESTYLE PRP 41,465 42,349
    EXXON MOBIL CORP 20,754 17,729
    FACEBOOK INC 359,703 249,071
    FEDERAL REALTY INVESTMENT TRUS 6,531 5,713
    FIDELITY NATIONAL INFORMATION 21,618 21,023
    FIRST REPUBLIC BANK - 5.125% S 3,524 3,074
    FIRST REPUBLIC BANK PFD SER I 3,198 2,889
    FISERV INC 30,057 28,808
    FITB - 6.625% - PFD SER 1 6,738 6,364
    FT-PREFERRED SECUR & INC ETF 483,720 477,937
    GATX CORP PREFERRED - 5.625% - 6,829 6,014
    GEORGIA PWR CO 5.00% 10/1/2077 1,681 1,442
    GOLDMAN SACHS GP PFD - 6.375% 14,735 13,995
    GOLDMAN SACHS GROUP PFD SHS SE 10,215 9,916
    HARTFORD FINL SVCS GRP PFD - 7 6,886 6,646
    HOME DEPOT INC 324,003 292,094
    HONEYWELL INTL 25,704 22,857
    HP INC 15,597 13,238
    ILLINOIS TOOL WORKS 22,753 21,284
    ILLUMINA INC COM 28,670 26,094
    INTERCONTINENTAL EXCHANGE, INC 31,227 31,488
    INTERSTATE POWER & LIGHT PFD S 4,106 3,960
    INTUIT 34,999 33,465
    INTUITIVE SURGICAL 26,390 24,425
    INVESCO EQUALLY WEIGHTED 1,103,447 921,739
    INVESCO QQQ TRUST 1,675,262 1,442,331
    ISHARE SP SMALL CAP 600 INDEX 487,911 391,658
    ISHARES DOW JONES US REAL ESTA 520,169 487,110
    ISHARES MSCI EMERGING MARKETS 550,521 507,780
    ISHARES TR DJ SEL DIVIDEND INX 605,068 535,860
    ISHARES TRUST MSCI EAFE INDEX 1,333,845 1,175,600
    ISHARES TRUST RUSSELL MIDCAP I 455,378 390,432
    J P MORGAN CHASE PFD SER T- 6. 6,759 6,657
    JOHNSON & JOHNSON 307,267 307,655
    JP MORGAN 6.10% PFD G 27,091 26,562
    JP MORGAN CHASE 360,042 319,510
    JP MORGAN CHASE PFD SER Y - 6. 20,818 20,432
    JP MORGAN CHASE PREF H 11,401 11,292
    JP MORGAN STRATEGIC INCOME OPP 799,204 782,986
    KEYCORP 6.125% DEP PFD SERIES 13,862 13,220
    KEYCORP DEPOSITORY SHARES 3,428 3,189
    KIMCO REALTY CORP PFD SER K - 6,350 5,689
    KIMCO REALTY DEP SH REPSTG PFD 6,507 5,775
    KIMCO RLTY CORP PFD SER J - 5. 5,091 4,560
    LINDE PLC COM 29,326 29,023
    LOCKHEED MARTIN CORP 317,633 261,840
    MARSH AND MCLENNAN COMPANIES I 32,161 30,784
    MASTERCARD INC 50,016 46,974
    MCCORMICK & CO 14,115 15,456
    MCDONALD'S CORP 53,093 57,533
    MEDTRONIC PLC 132,623 129,618
    METLIFE INC 5.62500% PFD 13,781 12,811
    MICROSOFT CORP 649,502 625,366
    MONDELEZ INTERNATIONAL INC 68,365 64,328
    MORGAN STANLEY PFD K 13,700 12,893
    MORGAN STANLEY PFD SER F - 6.8 6,701 6,320
    MORGAN STANLEY PFD SER G - 6.6 17,586 17,106
    NATIONAL RETAIL PROP INC PFD S 10,718 9,698
    NATIONAL RETAIL PROP PFD SER E 6,190 5,796
    NATL FUEL GAS CO 69,354 64,487
    NETFLIX INC 316,505 240,894
    NEW YORK CMNTY BANCORP CUML SE 8,325 7,143
    NEXTERA ENERGY CAP PFD SER I - 7,073 6,583
    NEXTERA ENERGY CAP PFD SER J - 7,286 6,782
    NEXTERA ENERGY, INC 66,200 67,442
    NOVARTIS AG ADR 63,316 64,443
    OSHKOSH CORP 81,984 73,633
    PARKER HANNIFIN CP 77,668 72,929
    PAYPAL HOLDINGS, INC 451,367 442,482
    PEOPLES UNITED FINANCIAL INC 8,193 7,085
    PEPSICO INC 274,902 269,350
    PFIZER INC 40,265 41,948
    PIMCO SHORT TERM FD INSTITUTIO 4,262,783 4,212,315
    PIMCO STOCKSPLUS TOTAL RETURN 2,477,538 1,994,631
    PIONEER MULTI-ASSET ULTRASHORT 989,816 982,950
    PPG INDUSTRIES INC 77,811 74,117
    PPL CAPITAL PFD SER B - 5.900% 3,329 3,250
    PROLOGIS 210,140 205,520
    PRUDENTIAL FINANCIAL INC PFD - 3,370 3,239
    PRUDENTIAL FINL INC PFD - 5.70 11,103 10,312
    PS BUSINESS PARKS INC 7,053 6,398
    PS BUSINESS PARKS INC PFD SER 6,989 6,371
    PUBLIC STORAGE 5.875% CUM SER 10,284 10,000
    PUBLIC STORAGE PFD G 5.05% 12/ 7,149 6,378
    PUBLIC STORAGE PFD SER X - 5.2 3,316 3,014
    PUBLIC STORAGE PFD SER Y - 6.3 4,056 3,942
    PUBLIC STORAGE SER D CUM PFD S 2,689 2,376
    PUBLIC STORAGE SERIES Z CUM 6. 10,215 9,945
    RAYTHEON CO 273,022 214,690
    REALTY INCOME CORP 17,905 19,416
    REGIONS FINANCIAL CORP NEW MON 8,706 7,982
    REINSURANCE GROUP OF AMERICA I 8,256 7,536
    REINSURANCE GRP OF AMER 6.20% 5,473 5,079
    RIVERNORTH DOUBLE LINE STRATEG 984,190 977,168
    SALESFORCE.COM 348,894 327,221
    SEMPRA ENERGY COM 35,691 33,755
    SENIOR HSG PPTYS TR PFD - 6.25 2,726 2,406
    SHERWIN-WILLIAMS CO 17,918 16,525
    SIMON PPTY GROUP INC 31,364 29,398
    SITE CENTERS CORP 6.375 CL A P 11,087 9,742
    SONY CORP ADR 93,726 83,766
    SOUTHERN CO GAS CAPITAL PFD - 1,088 960
    SOUTHERN CO JR 2017 NY 77 5.25 1,102 982
    SPDR S&P 500 ETF TRUST 1,473,430 1,299,584
    SPDR S&P 500 GROWTH 584,933 555,718
    SPDR S&P MIDCAP 400 EFT TRUST 527,916 444,622
    STARBUCKS CORP COM 32,727 37,996
    STATE STREET 5.35% - CLASS B 10,269 9,456
    STATE STREET CORP NEW MONEY PF 13,403 12,240
    STIFEL FINL CORP SER B 5.200% 3,382 2,893
    STRYKER CORPORATION 30,945 28,529
    SUN COMMUNITIES INC 42,118 42,006
    TBC BANK GROUP PLC 13,925 13,172
    TCF FINANCIAL PFD SER D 570 525
    THE COCA-COLA CO 86,348 88,213
    THERMO FISHER SCIENTIFIC INC 31,016 29,764
    TORCHMARK CAP TR III PFD C 6,780 6,581
    TWITTER INC 68,284 58,256
    UNILEVER N V N Y 75,107 71,984
    UNION PACIFIC 25,388 23,361
    UNITEDHEALTH GROUP INC 70,903 67,761
    US BANCORP 28,470 24,312
    US BANCORP PFD SER H - 5.15% - 8,448 7,888
    VALERO ENERGY CORP 320,601 224,910
    VANGUARD HIGH DIV YIELD 596,919 563,400
    VANGUARD S&P 500 GROWTH 1,294,105 1,158,705
    VANGUARD S&P 500 VALUE 1,250,008 1,113,859
    VANGUARD VALUE ETF 1,356,016 1,277,954
    VEEVA SYSTEMS INC 16,765 16,971
    VENTAS RLTY LP PFD STK - 5.450 8,460 8,276
    VERIZON PFD - 5.900% - 02/15/2 10,208 10,069
    VISA INC 378,404 356,370
    VORNADO RLTY TR PFD SER L - 5. 6,987 6,282
    WAL-MART STORES INC 84,029,137 80,973,711
    WALGREENS BOOTS ALLIANCE 61,976 59,310
    WEBSTER FINL CORP PFD STK SER 6,557 5,781
    WEC ENERGY GROUP, INC 38,933 40,240
    WELLS FARGO & CO 5.500% PFD 6,905 6,385
    WELLS FARGO PFD NON-CUM - 5.85 14,034 13,366
    WELLS FARGO PREF Y 6,819 6,392
    WORKDAY INC 6,552 6,547
    WR BERKLEY CORP PFD C 6,878 6,229
    XILINX INC 27,271 30,406
    ZOETIS INC 28,842 27,202

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    US Government Securities - End of Year Book Value:

    2,321,144
    US Government Securities - End of Year Fair Market Value:

    2,347,022
    State & Local Government Securities - End of Year Book Value:


    356,813
    State & Local Government Securities - End of Year Fair Market Value:


    359,908


    TY 2018 LiquidationExplanationStmt
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Statement:
    The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein. distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $4,813,112. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.


    TY 2018 OtherAssetsSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OFFICE SECURITY DEPOSIT - NEWP   45,000 45,000


    TY 2018 OtherExpensesSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 50,115     50,115
    Administrative Set-Up Fee 5,750     5,750
    Bank Charges 259 259    
    Computers/Electronic Devices 4,048     4,048
    Delaware Incorporation Fees 500     500
    Equipment/Furniture Purchase 21,954     21,954
    Foundation Dues & Memberships 397     397
    IRS Application Fees 600     600
    Office Supplies 4,863     4,863
    Postage/Delivery Service 241     241
    Property insurance 550     550
    State or Local Filing Fees 25     25
    Website Hosting/Support 30     30
    OFFICE IMPROVEMENTS 14,272     14,272


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 147,157 147,157    


    TY 2018 SubstantialContributorsSch
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Name Address
    Mary Hutchinson Living Trust c/o Mary Hutchinson 1 Windhaven Dr
    Fort Smith,AR72903


    TY 2018 TaxesSchedule
    Name:
    Living Legacy Foundation
    EIN:
    82-3829140
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2018 243,700      
    Foreign Tax Paid 332 332