VEALE FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: VEALE FOUNDATION (EIN 34-6565830)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-11-14
IRS object ID: 201923189349101672
Schema version: 2018v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Depreciation Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Land Etc Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-11-14T10:28:06-06:00	ReturnTs
Tax Period End	2018-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CONNER & ASSOCIATES LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	26016 DETROIT RD SUITE 3	AddressLine1Txt
City	WESTLAKE	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44145	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2018-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	346565830	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Veale Foundation	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% DANIEL HARRINGTON	InCareOfNm
Business Name Control	VEAL	BusinessNameControlTxt
Phone	2162553166	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	30195 Chagrin Blvd Suite 310	AddressLine1Txt
City	Pepper Pike	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44124	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DANIEL HARRINGTON	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	2162553166	PhoneNum
Signature	2019-11-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Richard Conner	PreparerPersonNm
PTIN	P01355454	PTIN
Phone	4406170390	PhoneNum
Preparation	2019-11-13	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	76.190.127.234	IPv4AddressTxt

Field	Value	IRS element (for citing)
Federal Original Submission Id	34279620193185000001	FederalOriginalSubmissionId
Federal Original Submission Id	2019-11-14	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	B24F69FF9F8051F25BC860B321FE849A492DD34A	AtSubmissionCreationDeviceId
At Submission Filing Device Id	F6DF445DA8DB08DC1174BAF151AE250DCAAB22DD	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2018	TaxYr
Build TS	2020-03-31 21:24:44Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$138,054,819	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$0	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$2,207,219	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$2,206,316	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,141,603	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$8,333,104	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$1,141,603	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$661,234	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$661,234	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$4,010,056	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,009,153	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Oth Empl Slrs Wgs Rev And Expnss	$345,761	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$325,015	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$27,352	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Dsbrs Chrtbl	$25,711	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$3,994	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$3,994	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$40,159	AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps	$32,127	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$426,540	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$426,540	OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss	$89,371	InterestRevAndExpnssAmt
Interest Net Invst Incm	$89,371	InterestNetInvstIncmAmt
Taxes Rev And Expnss	$269,902	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$17,414	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$21,139	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$3,129	DeprecAndDpltnRevAndExpnssAmt
Occupancy Rev And Expnss	$22,566	OccupancyRevAndExpnssAmt
Occupancy Dsbrs Chrtbl	$22,115	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$1,574	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl	$1,574	TravConfMeetingDsbrsChrtblAmt
Printing And Pub Rev And Expnss	$4,921	PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl	$4,823	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$403,848	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$276,733	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$82,893	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$1,639,117	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$810,058	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$519,391	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,805,500	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,805,500	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,444,617	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$810,058	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,324,891	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,434,561	ExcessRevenueOverExpensesAmt
Net Investment Income	$3,199,095	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$10,383,625	CashBOYAmt
Cash EOY	$10,368,212	CashEOYAmt
Cash EOYFMV	$10,368,212	CashEOYFMVAmt
Corporate Stock BOY	$56,726,431	CorporateStockBOYAmt
Corporate Stock EOY	$69,001,274	CorporateStockEOYAmt
Corporate Stock EOYFMV	$71,539,378	CorporateStockEOYFMVAmt
Other Investments BOY	$65,517,748	OtherInvestmentsBOYAmt
Other Investments EOY	$52,069,667	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$56,142,538	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$18,725	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$14,034	LandBldgEquipAccumDeprecAmt
Land BOY	$7,820	LandBOYAmt
Land EOY	$4,691	LandEOYAmt
Land EOYFMV	$4,691	LandEOYFMVAmt
Total Assets BOY	$132,635,624	TotalAssetsBOYAmt
Total Assets EOY	$131,443,844	TotalAssetsEOYAmt
Total Assets EOYFMV	$138,054,819	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$4,159	AccountsPayableBOYAmt
Accounts Payable EOY	$7,670	AccountsPayableEOYAmt
Total Liabilities BOY	$4,159	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$7,670	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$132,631,465	CapitalStockBOYAmt
Capital Stock EOY	$131,436,174	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$132,631,465	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$131,436,174	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$132,635,624	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$131,443,844	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$132,631,465	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,434,561	ExcessRevenueOverExpensesAmt
Other Increases	$239,270	OtherIncreasesAmt
Subtotal	$131,436,174	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$131,436,174	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt	Cost Or Other BasisCostOrOtherBasisAmt
WELLS FARGO STMT #6800	P	2017-01-01	2018-06-01	$428,991	$428,991	$428,991
WELLS FARGO STMT #6803	P	2017-01-01	2018-06-01	$451,965	$451,965	$451,965
WELLS FARGO STMT #6804	P	2017-01-01	2018-06-01		-$72,186	-$72,186	$72,186
WELLS FARGO STMT #6805	P	2017-01-01	2018-06-01	$203,763	$203,763	$203,763
CHURCHILL DOWNS 2,466 SHS	P	2017-01-01	2018-06-01	$750,855	$82,076	$82,076	$668,779
BRENNER WEST CAPITAL FD CL A	P		2018-12-18	$5,788,828	-$661,708	-$661,708	$6,450,536

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,141,603	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$1,609,440	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$133,106,532	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.012091	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$6,437,625	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$127,627,441	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.050441	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$3,869,384	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$128,737,556	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.030056	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$6,254,727	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$131,127,501	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.0477	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$9,533,484	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$80,721,764	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.118103	DistributionYr5Rt
Total Distribution	0.258391	TotalDistributionRt
Average Distribution	0.051678	AverageDistributionRt
Net Vl Noncharitable Assets	$138,333,815	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$7,148,815	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$31,991	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$7,180,806	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$4,324,891	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$63,982	InvestmentIncomeExciseTaxAmt
Subtotal	$63,982	SubtotalAmt
Tax Based On Investment Income	$63,982	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$75,403	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$50,000	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$125,403	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$61,421	OverpaymentAmt
Applied To ES Tax	$61,421	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	OH	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	DANIEL HARRINGTON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2162553166	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	30195 CHAGRIN BLVD STE 310	AddressLine1Txt
City	PEPPER PIKE	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44124	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
DANIEL HARRINGTON
30195 Chagrin Blvd	Pepper Pike	OH	44124	CHAIRMAN	4.0	$0	$0	$0
RICHARD HARR
30195 Chagrin Blvd	Pepper Pike	OH	44124	SECRETARY	0.5	$0	$0	$0
WILLIAM JAMES CULBERTSON
30195 Chagrin Blvd	Pepper Pike	OH	44124	TRUSTEE	0.5	$0	$0	$0
WILLIAM BRANCOVSKI
30195 Chagrin Blvd	Pepper Pike	OH	44124	TRUSTEE	0.5	$0	$0	$0
THOMAS HARRINGTON
30195 Chagrin Blvd	Pepper Pike	OH	44124	TRUSTEE	0.5	$0	$0	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp

Field	Value	IRS element (for citing)
Person	PATRICIA WADE	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	3154 RICHMOND RD	AddressLine1Txt
City	BEACHWOOD	CityNm
State Abbreviation	OH	StateAbbreviationCd
ZIP	44122	ZIPCd

Field	Value	IRS element (for citing)
Title	EXECUTIVE DIRECTOR	TitleTxt
Average Hrs Per Wk Devoted To Pos	40.0	AverageHrsPerWkDevotedToPosRt
Compensation	$126,857	CompensationAmt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
MONTICELLO ASSOCIATES
1800 LARIMER ST STE 2100	DENVER	CO	80202	INVESTMENT ADVISORS	$218,000
EDGEWOOD MANAGEMENT LLC
535 MADISON AVE 15TH FL	NEW YORK	NY	10022	INVESTMENT ADVISORS	$97,745

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$140,440,421	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$140,440,421	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$140,440,421	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,106,606	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$138,333,815	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,916,691	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,916,691	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$63,982	TaxBasedOnInvestmentIncomeAmt
Total Tax	$63,982	TotalTaxAmt
Distributable Before Adj	$6,852,709	DistributableBeforeAdjAmt
Distributable Before Ded	$6,852,709	DistributableBeforeDedAmt
Distributable As Adjusted	$6,852,709	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,324,891	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$4,324,891	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$4,324,891	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,852,709	DistributableAsAdjustedAmt
Undistributed Income PY	$1,470,416	UndistributedIncomePYAmt
Prior Year1	2016	PriorYear1Yr
Prior Year2	2015	PriorYear2Yr
Prior Year3	2014	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Qualifying Distributions	$4,324,891	QualifyingDistributionsAmt
Applied To Year1	$1,470,416	AppliedToYear1Amt
Applied To Current Year	$2,854,475	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Undistributed Income CY	$3,998,234	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$0	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (37 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
AMERICAN FOREIGN POLICY COUNCIL
509 C Street NE	WASHINGTON	DC	20002	NONE	PC	GENERAL FUND	$270,500
AMERICAN RED CROSS
3747 Euclid Ave	CLEVELAND	OH	44115	NONE	PC	GENERAL FUND	$25,000
BEAUMONT SCHOOL
3301 N Park Blvd	CLEVELAND HEIGHTS	OH	44118	NONE	PC	GENERAL FUND	$10,000
BENEDICTINE HIGH SCHOOL
2900 Martin Luther King Jr Dr	CLEVELAND	OH	44104	NONE	PC	GENERAL FUND	$10,000
Bluecoats
2330 MERCANTILE RD	BEECHWOOD	OH	44122	NONE	PC	GENERAL FUND	$10,000
CASE WESTERN RESERVE UNIVERSITY
10900 Euclid Ave	CLEVELAND	OH	44106	NONE	PC	VEALE INNOVATION & GENERAL FUND	$2,770,000
CHAGRIN FALLS EDUCATIONAL FDN
P O BOX 235	CHAGRIN FALLS	OH	44022	NONE	PC	GENERAL FUND	$10,000
CLEVELAND MUSEUM OF ART
11150 East Blvd	CLEVELAND	OH	44106	NONE	PC	GENERAL FUND	$25,000
CLEVELAND MUSEUM OF NATURAL HISTORY
1 WADE OVAL DR	CLEVELAND	OH	44106	NONE	PC	GENERAL FUND	$25,000
COGSWELL HALL
7200 FRANKLIN BLVD	CLEVELAND	OH	44102	NONE	PC	GENERAL FUND	$25,000
CUYAHOGA FALLS HIGH SCHOOL
2300 4TH ST	CUYAHOGA FALLS	OH	44221	NONE	PC	GENERAL FUND	$10,000
BRECKINRIDGE VILLAGE
7168 COLUMBIA GATGEWAY DR	WILLOUGHBY	OH	44094	NONE	PC	GENERAL FUND	$20,000
FRIENDS OF BREAKTHROUGH SCHOOL
36855 Ridge Rd	CLEVELAND	OH	44108	NONE	PC	GENERAL FUND	$5,000
GATES MILLS HISTORICAL SOCIETY
PO Box 191	GATES MILLS	OH	44040	NONE	PC	GENERAL FUND	$35,000
GILMOUR ACADEMY
34001 Cedar Rd	GATES MILLS	OH	44040	NONE	PC	GENERAL FUND	$20,000
HATHAWAY BROWN SCHOOL
19600 N Park Blvd	SHAKER HEIGHTS	OH	44122	NONE	PC	GENERAL FUND	$10,000
HOLDEN ARBORETUM
9550 SPERRY RD	WILLOUGHBY	OH	44094	NONE	PC	GENERAL FUND	$25,000
HOPEWELL
9637 OH-534	MIDDELFIELD	OH	44062	NONE	PC	GENERAL FUND	$10,000
JOHN CARROLL UNIVERSITY
1 John Carroll Blvd	UNIVERSITY HEIGHTS	OH	44118	NONE	PC	GENERAL FUND	$37,000
LAUREL SCHOOL
1 Lyman Circle	SHAKER HEIGHTS	OH	44122	NONE	PC	GENERAL FUND	$10,000
MAGNIFICAT HIGH SCHOOL
20770 Hilliard Blvd	ROCKY RIVER	OH	44116	NONE	PC	GENERAL FUND	$10,000
MOUNT ST JOSEPH UNIVERSITY
5701 DELHI PIKE	CINICINNATI	OH	45233	NONE	PC	GENERAL FUND	$50,000
MUSICAL ARTS ASSOCIATION
11001 EUCLID AVE	CLEVELAND	OH	44106	NONE	PC	GENERAL FUND	$25,000
ST CHRISTOPHER BY THE RIVER
7601 Old Mill Rd	GATES MILLS	OH	44040	NONE	PC	GENERAL FUND	$20,000
ST FRANCIS OF ASSISI SCHOOL
6850 Mayfield Rd	GATES MILLS	OH	44040	NONE	PC	GENERAL FUND	$10,000
ST IGNATIUS HIGH SCHOOL
1911 W 30TH STREET	CLEVELAND	OH	44113	NONE	PC	GENERAL FUND	$10,000
ST MARTIN DE PORRES HIGH SCHOOL
6111 Lausche Ave	CLEVELAND	OH	44103	NONE	PC	GENERAL FUND	$10,000
SINGING ANGELS
3615 Euclid Ave 4	CLEVELAND	OH	44115	NONE	PC	GENERAL FUND	$13,000
ST EDWARD HIGH SCHOOL
13500 DETROIT AVE	LAKEWOOD	OH	44107	NONE	PC	GENERAL FUND	$10,000
UNIVERSITY SCHOOL
2785 SOM CENTER RD	CHAGRIN FALLS	OH	44022	NONE	PC	GENERAL FUND	$45,000
YOUTH OPPORTUNITIES UNLIMITED
1361 Euclid Ave	CLEVELAND	OH	44115	NONE	PC	GENERAL FUND	$130,000
PHI KAPPA PSI
5395 EMERSON WAY	INDIANAPOLIS	IN	46226	NONE	PC	GENERAL FUND	$10,000
BLUECOATS
2330 MERCANTILE RD	BEACHWOOD	OH	44122	NONE	PC	GENERAL FUND	$10,000
SHAKER SCHOOLS FOUNDATION
15600 PARKLAND DR	SHAKER HEIGHTS	OH	44120	NONE	PC	GENERAL FUND	$10,000
HILLCREST HOSPITAL
6780 MAYFIELD RD	MAYFIELD HEIGHTS	OH	44124	NONE	PC	GENERAL FUND	$50,000
UNIVERSITY OF MT UNION
1972 CLARK AVE	ALLIANCE	OH	44601	NONE	PC	SENIOR AWARD	$25,000
WESTERN RESERVE HISTORICAL SOCIETY
10825 EAST BLVD	CLEVELAND	OH	44106	NONE	PC	THINKFEST	$5,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,805,500	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp
Int On Sav And Temp Cash Invst		IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$2,207,219	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Incm Part VII		OtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,141,603	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	PARTNERSHIPS & OTHER INVESTMENTS MARK TO MARKET	Desc
Exclusion	18	ExclusionCd
Exclusion	$661,234	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$4,010,056	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$4,010,056	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (9 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	Current Year ExpenseCurrentYearExpenseAmt
LAPTOPS - 3	2015-04-22	$6,081	$4,330	M5	$701
OFFICE FURNITURE	2016-02-01	$3,300	$1,716	M5	$634
CARPETING	2016-03-08	$2,890	$1,503	M5	$555
MOVING SERVICES	2016-04-06	$623	$324	M5	$120
DESK, FABRIC	2016-04-25	$544	$283	M5	$104
MAC MINI	2016-05-17	$746	$388	M5	$143
CHAIR & SOFA	2016-06-09	$938	$488	M5	$180
OFFICE FURNITURE	2016-09-09	$1,514	$787	M5	$291
COMPUTER&PERIPHERA	2016-09-12	$2,089	$1,086	M5	$401

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
CORPORATE STOCKS	$10,817,767	$13,830,329
MUTUAL FUNDS	$35,923,663	$36,467,730
CORP BONDS & NOTES	$13,436,623	$13,304,975
CHURCHILL DOWNS	$8,823,221	$7,936,344

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (18 entries)

Category Or ItemCategoryOrItemTxt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
BAM	$726,168	$772,695
BAM II	$776,500	$718,548
CARLYLE MEZZANINE	$1,001,923	$597,477
NEWPORT ASIA FUND	$3,765,219	$4,357,376
PERRY PARTNERS INC	$1,414,233	$568,823
SEMPER VIC PARTNERS	$7,225,621	$8,473,104
TOWNSQUARE RE FUND	$749,699	$1,152,915
BRENNER WEST CAPITAL	$0	$0
DAVISON KEMPNER LP	$5,896,630	$5,902,791
CHILDRENS FUND	$3,000,000	$4,062,300
STEADFAST	$5,000,000	$5,761,192
HTV NOTE	$10,507,986	$10,507,986
COATUE FUND	$3,000,000	$3,742,037
GQG FUND	$3,937,995	$3,966,951
FORTRESS FUND	$754,666	$748,915
CANYON DIST OPPTY FD	$885,000	$886,764
GOLUB CAPITAL	$611,949	$711,388
RENAISSANCE FD	$2,816,078	$3,211,276

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (9 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt
LAPTOPS - 3	$6,081	$5,031	$1,050
OFFICE FURNITURE	$3,300	$2,350	$950
CARPETING	$2,890	$2,058	$832
MOVING SERVICES	$623	$444	$179
DESK, FABRIC	$544	$387	$157
MAC MINI	$746	$531	$215
CHAIR & SOFA	$938	$668	$270
OFFICE FURNITURE	$1,514	$1,078	$436
COMPUTER&PERIPHERA	$2,089	$1,487	$602

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (19 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
BANK & CUSTODIAL FEES	$33	$32
OHIO ANNUAL FEES	$200	$200
DUES & SUBSCRIPTIONS	$10,883	$10,883
IT EXPENSE SOFTWARE/HARDWARE	$7,008	$7,008
RECRUITING	$3,578	$3,578
OFFICE SUPPLIES & MISC EXPENSE	$1,987	$1,947
TELEPHONE	$503	$493
WORKERS COMP INSURANCE	$217	$204
INSURANCE	$4,603	$4,603
EVENTS	$53,532	$53,532
MARKETING	$413	$413
BAM 2 LP PORTFOLIO	$23,500		$23,500
CARLYLE FUND-PORTFOLIO & OTHER	$32,801		$23,385
TOWNSQUARE-PORTFOLIO	$26,027		$26,027
NEWPORT ASIA FD-PORTFOLIO EXP	$53,077		$53,077
DAVIDSON KEMPNER-PORTFOLIO EXP	$90,656		$89,952
RENAISSANCE FD OTHER PORTFOLIO	$62,765		$28,727
FORTRESS FD PORTFOLIO	$35		$35
GQG FUND PORTFOLIO	$32,030		$32,030

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (14 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
CARLYLE MEZZANINE LP	$30,342	$30,342
NEWPORT ASIA FD LP	-$1,888	-$1,888
TOWNSQUARE RE ALPHA FD LP	$50,522	$50,522
DAVISON KEMPNER	$90,752	$90,752
BAM	$74,069	$74,069
FORTRESS FUND	$72,283	$72,283
GQG FUND	$770	$770
RENAISSANCE FUND	-$186,134	-$186,134
CHILDRENS FUND-SEE FORM 8621	$0	$0
SEMPER VIC PARTNERS-see form 8621	$0	$0
COATUE SEE FORM 8621	$0	$0
STEADFAST SEE FORM 8621	$372,867	$372,867
GOLUB CAPITAL	$57,063	$57,063
CANYON CAPITAL SEE FORM 8621	$100,588	$100,588

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	BOOK/TAX & TIMING DIFFERENCES	Desc
Amt	$239,270	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt
INVESTMENT ADVISOR FEES	$218,000	$218,000
INVESTMENT MGT FEES	$208,540	$208,540

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXCISE TAXES	$230,000
PAYROLL TAXES	$22,488	$21,139
FOREIGN TAXES INVESTMENTS	$17,414		$17,414