2018-02-16T06:58:13-06:00 2017-06-30 521511275 Raffa PC 1899 L Street NW 850 Washington DC 20036 990PF 2016-07-01 237000192 Bainum Family Foundation COMM 2404500000 7735 Old Georgetown Road No 1000 Bethesda MD 20814 Mark R Birmingham CFO/CIO/Treasurer 2404500000 2018-02-15 1 Frank H Smith P00639053 2028225000 2018-02-15 108.31.144.138 2018-02-15 18:41:35 ES P CC77527FF06A69FF7E324D6A64428C472BC8D638 B5ABF84974E477886F8F516A2A43EE83CCAB1B9E 2016 2021-01-29 14:40:06Z X 569405960 X 3358932 1457011 1457011 1457011 7403131 7403131 7403131 1631531 1631531 1631531 1631531 -537583 109363016 0 910535 422727 245908 245908 13735749 10737581 11648116 1013212 195468 195468 817744 4338196 234131 234131 4073271 1110426 94479 94479 1110683 90277 0 0 83279 74636 0 0 73546 6599747 1079206 1079206 4643965 1532783 11442 11442 225604 315057 0 0 228748 0 0 228748 285109 2569 2569 277668 26201 0 0 26192 4114048 213974 213974 1926348 19728440 1831269 1831269 13487048 1063851 1971639 20792291 1831269 1831269 15458687 -7056542 8906312 9816847 1734583 3052729 3052729 11244793 24273053 24273053 42009969 42009969 42009969 1351887 768886 768886 182795461 175978868 175978868 245790617 292688426 292688426 10831784 1013284 10044128 9818500 9818500 10117713 20815529 20815529 505089151 569405960 569405960 788157 1116351 1725361 817573 34812 1375800 2548330 3309724 X 142193563 166511954 360347258 399584282 502540821 566096236 505089151 569405960 502540821 -7056542 70611957 566096236 0 566096236 Publicly Traded Securities- Northern Trust 11609937 10938162 671775 671775 Publicly Traded Securities- Northern Trust 97753079 99494167 -1741088 -1741088 Adams Fund Series LLC K-1 P 349466 349466 Adams Fund Series LLC K-1 P -261 -261 Silver Point Specialty K-1 P -1919 -1919 Silver Point Specialty K-1 P -12173 -12173 Wellington Trust Co. K-1 P 20170 20170 Wellington Trust Co. K-1 P -7538 -7538 Allen Global Partner, LP K-1 P 2503 2503 Sailing Stone K-1 P 47702 47702 Sailing Stone K-1 P 239027 239027 Silver Point Specialty K-1 UBI P 2010 2010 Silver Point Specialty K-1 UBI P 17202 17202 -413124 910535 0 20277216 426171893 0.047580 17979265 255689731 0.070317 19608282 225884753 0.086807 15853223 202742739 0.078194 10547557 163528737 0.064500 0.347398 0.069480 510616116 35477608 89063 35566671 20819267 178126 0 178126 0 178126 434364 434364 256238 256238 0 0 0 0 0 0 0 0 0 1 1 0 1 1 DC MD VA 1 1 0 0 0 1 www.bainumfdn.org The Foundation 2404500000 7735 Old Georgetown Road Ste 1000 Bethesda MD 20814 1 CJ CA VQ 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 Barbara Bainum 7735 Old Georgetown Road Bethesda MD 20814 Chair/CEO/President 40.00 373752 71762 0 Mark R Birmingham 7735 Old Georgetown Road Bethesda MD 20814 CFO/CIO/TREASURER 40.00 390935 73658 0 Rozita La Gorce Green 7735 Old Georgetown Road Bethesda MD 20814 Vice President/CSO 40.00 248525 52923 0 Bruce Bainum 7735 Old Georgetown Road Bethesda MD 20814 Director (left 12.01.16) 1.00 0 0 0 Alexander Froom 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Charles A Ledsinger 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Joan Lombardi 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Scott Renschler 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Steve Bumbaugh 7735 Old Georgetown Road Bethesda MD 20814 Director (Left 4.1.17) 1.00 0 0 0 Kenny Emson 7735 Old Georgetown Road Bethesda MD 20814 Director 2.00 0 0 0 Tammy Mann 7735 Old Georgetown Road Bethesda MD 20814 Director (Elected 3.30.17) 0.00 0 0 0 Maura Marino 7735 Old Georgetown Road Bethesda MD 20814 Director 1.00 0 0 0 Roberto Rodriguez 7735 Old Georgetown Road Bethesda MD 20814 Director (Start 3.30.17) 1.00 0 0 0 David Daniels 7735 Old Georgetown Road Bethesda MD 20814 VP of Oper.& Org.Eff 40.00 182224 31367 0 Angela Deeds 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Finance 40.00 187356 23968 0 Miriam Calderon 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Early Le 40.00 177329 32785 0 Noel Bravo 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Program 40.00 161858 29836 0 Ann Egan 7735 Old Georgetown Road Bethesda MD 20814 Sr. Dir. of Communic 40.00 154136 25426 0 32 New Schools Venture Fund 1970 Broadway Suite 350 Oakland CA 94612 Consulting 300000 Otero Strategy Group LLC 1769 Lanier Place NW Washington DC 20009 Consulting 212800 Arcadia Food Inc 2000 Mount Vernon Avenue Alexandria VA 22309 Consulting 207277 The NYC Leadership Academy Inc 45-18 Court Square Room 247 Long Island NY 11101 Consulting 171034 Convergence Technology Consulting LLC PO Box 56346 Atlanta GA 30343 Consulting 152720 21 In the Early Learning work that falls under the D.C. Wards 7 and 8 Initiative, the Foundation provides technical assistance to build the capacity of service providers, parents and other stakeholders in the fields of practice, policy and research. This work is focused on enhancing developmental opportunities for infants, toddlers and their families in the District of Columbia's Wards 7 and 8. For school-aged children, this initiative provides technical assistance to enhance wrap-around services (e.g., mental health resources and school infrastructure) in Wards 7 and 8. Finally, this initiative builds the body of knowledge in the child development field in order to increase the use of evidence-based practices and data by parents, service providers and other stakeholders who support children. 10595933 Through direct operations and partnerships, the Food Security Initiative works to improve healthy food access for low-income families in the District and strengthen the local food system. The Food Security Initiative, which includes operations at a 263-acre farm in Middleburg, Virginia, and investments in the District, aims to achieve impact in four key areas: sustainable agriculture, nutrition education, food-related workforce development and local food distribution pathways. 909202 The Seventh-day Adventist Initiative involves partnerships with faith-based schools and organizations in the areas of Early Learning, Wrap-Around Support and Knowledge Building as well as infrastructure to support capacity-building efforts that will expand the availability of high-quality faith-based learning environments for infants, toddlers, children and youth. The SDA Initiative assists partners with organizational effectiveness, building educator capacity, providing wrap-around supports such as tuition assistance and advising on building and renovation projects. 4793004 The Family Philanthropy Initiative oversees grants to not-for-profit organizations through its Family Fund, the Global Education Fund, generational giving and a matching gifts program, whereby staff can give to charities of their choosing. 1063851 Reinvestment Fund: To provide loans for early learning centers to enhance and expand facilities in Wards 7 and 8 in Washington, DC. 3797909 Monument Academy $800,000:To provide loan to expand a public charter school for vulnerable children serving Wards 7 and 8 in Washington, DC. Bright Beginnings $500,000:To provide loan to expand development of a new early learning center in Ward 8 in Washington, DC. 1300000 5097909 308763331 5839659 203789006 518391996 9365568 0 518391996 7775880 510616116 25530806 X 15458687 5097909 262671 20819267 0 20819267 X 9816847 10330454 5366198 2722935 28236434 8344320 8780886 4561268 2314495 24000969 20819267 20277216 17979265 19608282 78684030 1971639 1074123 3471478 7665266 14182506 18847628 19203093 14507787 11943016 64501524 0 0 17020537 14205730 8522991 7529492 47278750 0 0 0 0 X American Civil Liberties Union Foundation Inc 125 Broad Street New York NY 20004 none PC General Operating/Mission 100 American Civil Liberties Union Foundation Inc 125 Broad Street New York NY 20004 none PC General Operating/Mission 50 American Civil Liberties Union Foundation Inc 125 Broad Street New York NY 20004 none PC General Operating/Mission 50 American University 4400 Massachusetts Avenue NW Washington DC 20016 none PC WAMU 88.5 66 Beltsville Adventist School 4230 Ammendale Road Beltsville MD 20705 none PC Support Construction Projects 7324 Bright Beginnings Inc 128 M Street NW Washington DC 20001 none PC General Operating/Mission 25000 Burtonsville Volunteer Fire Department Inc PO Box 215 Burtonsville MD 20866 none PC In Memory of Rick Gentilcore 100 Burtonsville Volunteer Fire Department Inc PO Box 215 Burtonsville MD 20866 none PC In Memory of Rick Gentilcore 50 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 none PC General Operating/Mission 100 Capital Area Food Bank 4900 Puerto Rico Avenue NE Washington DC 20017 none PC General Operating/Mission 100 Cardinal Hayes High School 650 Grand Concourse Bronx NY 10451 none PC Worthy Student Fund 5000 Community Animal Rescue Effort PO Box 1964 Evanston IL 60204 none PC General Operating/Mission 50 Compass Family Service 49 Powell Street 3rd Floor San Francisco CA 94102 none PC Compass Clinical Services 55000 Courtney's House Inc PO Box 26240 Washington DC 20001 none PC General Operating/Mission 100 Democracy Now Productions Inc 207 West 25th Street 11th Floor New York NY 10001 none PC General Operating/Mission 10 Dickinson College PO Box 1773 Carlisle PA 17013 none PC Bologna Program 75 DonorschooseOrg 134 W 37th Street 11th Floor New York NY 10018 none PC General Support 100 Duke University PO Box 90581 Durham NC 27708 none PC Financial Aid 25 Dumbarton Concerts Inc 3133 Dumbarton Street NW Washington DC 20007 none PC Inner City- Inner Child 25000 Early Learning Coalition of Miami-Dade 1111 12th Street Suite 206 Key West FL 33040 none PC Early Education Classroom Mentor 30000 Firelight Foundation 740 Front Street Suite 380 Santa Cruz CA 95060 none PC Cultivating Early Childhood Development in Malawi 100000 Florida Keys Healthy Start Coalition PO BOX 6166 Key West FL 33041 none PC General Operating/Mission 50000 Georgia-Cumberland Academy 397 Academy Drive SW Calhoun GA 30701 none PC Support Construction Projects 794664 Global Fund for Children 1101 14th Street NW Suite 420 Washington DC 20005 none PC Early Childhood Development 200000 Homeless Children's Playtime Project 1525 Newton Street NW Washington DC 20010 none PC General Operating/Mission 25000 Homeless Prenatal Program Inc 2500 18th Street San Francisco CA 94110 none PC General Operating/Mission 50000 Horizons Greater Washington Inc 3000 Cathedral Avenue NW Washington DC 20008 none PC General Operating/Mission 150 House of Ruth 5 Thomas Circle NW Washington DC 20005 none PC General Operating/Mission 25 House of Ruth Maryland Inc 2201 Argonne Drive Baltimore MD 21218 none PC General Operating/Mission 100 Human Rights Campaign Foundation 1640 Rhode Island Avenue Washington DC 20036 none PC General Operating/Mission 50 International Rescue Committee Inc 122 East 42nd Street 12th Floor New York NY 10168 none PC Preschool Healing Classroom 100000 International Rescue Committee Inc 122 East 42nd Street 12th Floor New York NY 10168 none PC General Operating/Mission 100 Lighthouse Central Florida 215 E New Hampshire Street Orlando FL 32804 none PC Early Intervention 50000 Maranatha 900 Reserve Drive Suite 100 Roseville CA 95678 none PC EEC Buildings - Project 2 130000 Maranatha 900 Reserve Drive Suite 100 Roseville CA 95678 none PC EEC Buildings - Project 5 20000 Maret School 3000 Cathedral Avenue NW Washington DC 20008 none PC General Operating/Mission 50 Martha's Table 2114 14th Street NW Washington DC 20009 none PC General Operating/Mission 100 MOCSA 3100 Broadway Suite 400 Kansas City MO 64111 none PC General Operating/Mission 100 National Resources Defense Council Inc 40 W 20th Street New York NY 10011 none PC General Operating/Mission 50 Natural Resources Defense Council Inc 40 W 20th Street New York NY 10011 none PC General Operating/Mission 40 Northeastern Academy 532 West 215th Street New York NY 10034 None PC Worthy Student Fund 10155 OneAmerica 1225 S Weller Street Suite 430 Seattle WA 98144 None PC Home Language Campaign 20000 Open Arms Perinatal Services 2524 16th Avenue South Suite 207A Seattle WA 98144 None PC General Operating/Mission 40000 Operation Breakthrough Inc 3039 Troost Avenue Kansas City MO 64109 None PC General Operating/Mission 100 Orlando Central SDA Church 624 N Broadway Avenue Orlando FL 32803 None PC General Operating/Mission 1000 Orphan Foundation of America 21351 Gentry Drive Suite 130 Sterling VA 20166 None PC General Operating/Mission 100 Pathways LA 3550 W 6th Street Suite 500 Los Angeles CA 90020 None PC Parenting Engagement Coordinator 40000 Planned Parenthood Federation of America 434 West 33rd Street New York NY 10001 None PC General Operating/Mission 100 Planned Parenthood Federation of America 434 West 33rd Street New York NY 10001 None PC General Operating/Mission 100 ProPublica Inc 155 Avenue of the Americas 13th Floor New York NY 10013 None PC General Operating/Mission 40 RAINN 1220 L Street NW Suite 505 Washington DC 20005 None PC General Operating/Mission 100 Save the Children Federation Inc 501 Kings Highway East Suite 400 Fairfield CT 06825 None PC Strategies for Early Childhood Development Program 100000 Soka Gakkai International 606 Wilshire Boulevard Santa Monica CA 90401 None PC General Operating/Mission 180 Some Inc 71 O Street NW Washington DC 20001 None PC General Operating/Mission 100 Southern Poverty Law Center Inc 400 Washington Avenue Montgomery AL 36104 None PC General Operating/Mission 50 Split This Rock Inc 1301 Connecticut Avenue NW Suite 600 Washington DC 20036 None PC General Operating/Mission 50 St Helena Preschool For All Inc 465 Mail Street St Helena CA 94574 None PC Scholarship Fund 25000 St Jude Children's Research Hospital 501 St Jude Place Memphis TN 38105 None PC General Operating/Mission 220 St Jude Children's Research Hospital 501 St Jude Place Memphis TN 38105 None PC General Operating/Mission 35 St Jude Children's Research Hospital 501 St Jude Place Memphis TN 38105 None PC General Operating/Mission 25 The Wiley Center for Speech & Language Development 5761 Buckingham Parkway Culver City CA 90230 None PC Parent Professional Partnerships 10000 United States Fund For UNICEF 125 Maiden Lane 10th Floor New York NY 10038 None PC UNICEF Kid Power for Ready-to-Use Therapeutic Food 150 United Way of Genesee County 111 E Court Street Suite 3A Flint MI 48502 NONE PC Flint Water Fund 15 University of Maryland College Park Foundation 1308E Benjamin Building College Park MD 20742 NONE PC Intensive Performance Based Coaching 55000 Whitman-Walker Clinic Inc 1701 14 Street NW Washington DC 20009 NONE PC General Operating/Mission 100 World Vision PO Box 70399 Tacoma WA 98481 NONE PC ID Pledge #172983-7438 MOZ and #170925-7544 ZIM 240 Yale University PO Box 803 New Haven CT 06503 none PC General Operating/Mission 50 1971639 Allegheny East Conference 767 Douglass Dr Boyertown PA 19512 None PC Baltimore Junior Academy Renovation 74361 Beltsville Adventist School 4230 Ammendale Road Beltsville MD 20705 None PC Support Construction Project 37677 DonorschooseOrg 134 W 37th Street 11th Floor New York NY 10018 None PC General Support 100 Georgia-Cumberland Academy 397 Academy Drive SW Calhoun GA 30701 None PC Support Construction Projects 705336 Trustees of Mount Holyoke College 50 College Street South Hadley MA 01075 None PC Student Aid/Scholarships 100 817574 14 1457011 14 7403131 16 1631531 900000 89385 14 245908 900000 19212 18 -556795 Garage Parking Services UBI 900000 87434 196031 10180786 0 10376817 0 0 0 0 0 0 0 0 0 0 X X 1 Roberta Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 2008932 X X 2 Jane Bainum 7735 Old Georgetown Road Suite 1000 Bethesda MD 20814 1350000 X 1 16,130 shares of CHH stock at $62.55 per share 1008932 2017-05-09 Accounting 74636 0 0 73546 Choice Hotels International, Inc. 99604076 99604076 MFO Vanguard Index Trust 0 0 GMO Qual FD III 19512016 19512016 MFO Vanguard Specialized Funds 6952817 6952817 MFO Vanguard Instl Total Index 27343526 27343526 Preferred stock 0 0 MFO Vanguard Emerging Market Equities 0 0 Bac Cap TR XIII 1744000 1744000 Bank America Corp 2079700 2079700 Dominion Res Inc VA 482500 482500 Enbridge Energy Partners LP 1000000 1000000 Enterprise Prods Oper LP 512000 512000 Goldman Sachs Cap II 1736280 1736280 Hartford Finl Svcs Group 2110520 2110520 JPMorgan Chase & Fltg 2079000 2079000 Stancorp Finl Group 925000 925000 Wells Fargo & Co 2077500 2077500 XL Group PLC 1865000 1865000 Alphabet Inc 200829 200829 Amer Elec PWR Co 180761 180761 American International Group 136669 136669 Anadarko Petro Corp 62569 62569 Apple Inc. 293801 293801 Cisco Systems Inc. 175030 175030 Citigroup Inc Com 200439 200439 Cognex Corp 192723 192723 CVS Health Corp 185943 185943 Cyrusone Inc 76712 76712 Delta Air Lines Inc 255695 255695 Discover Finl Svcs 145089 145089 EOG Resources Inc 95046 95046 Firstenergy Corp 141164 141164 FLIR System Inc 277731 277731 Foundation Medicine Inc 164843 164843 General Mills Inc 110634 110634 Goldman Sachs Group 195050 195050 Grubhub Inc 74164 74164 Illumina Inc 134998 134998 Johnson & Johnson 161394 161394 Merck & Co Inc 179388 179388 Microsoft Corp 190729 190729 NASDAQ Inc 152131 152131 Nvidia Corp 176941 176941 Pepsico Inc 178085 178085 Range Res Corp 96086 96086 Schlumberger LTD 87172 87172 Target Corp 145471 145471 Terreno Realty Corp 83477 83477 TJX Cos Inc 141020 141020 Tyson Foods Inc 138851 138851 UnitedHealth Group Inc 181340 181340 Verizon Communications 289129 289129 Walt Disney Co 269768 269768 Wash Fed Inc 184061 184061 Rock Creek Bainum Family Fnd. Hedge Fund FMV 82036950 82036950 SailingStone Global National Real Estate FMV 0 0 Turner-Agassi Charter School Facilities Fund II LP RE FMV 569455 569455 Fairmont Building LLC Real Estate FMV 43358399 43358399 General Electric Cap Corp FMV 0 0 MFO Doubleline total Return Bond FMV 8065082 8065082 MFO Eaton Vance Flotinggrate Adv. FMV 0 0 MFO Eaton Vance Mutual Fds FMV 16694999 16694999 MFO Oppenheimer Sr Floating Rate Fd FMV 6333414 6333414 Financial Opportunistic Fund Ltd. FMV 36296000 36296000 Atalaya Asset Income Fund III LP FMV 3559874 3559874 Avenue Aviation Opportunities Fund II FMV 2990757 2990757 Silver Point Specialty CreditFund LP FMV 2290887 2290887 TCI Real Estate Partners Fund II FMV 1707550 1707550 Venture Capital and Partnership Private Equities FMV 5632471 5632471 MFO Vanguard Developed Markets-International Equities FMV 26031424 26031424 Allen Global Partners, LP FMV 0 0 Adams Fund Series LLC FMV 26060702 26060702 Wellington Emerging Markets FMV 15339819 15339819 Kalorama FMV 5902185 5902185 MFC Emerging Mkts Index FMV 7310674 7310674 Ing Cap FDG TR III FMV 1003120 1003120 Datalogic SPA FMV 306168 306168 Daifuku Co FMV 356636 356636 Fanuc Corp FMV 287166 287166 Hiroshima Bank NPV FMV 112493 112493 ADR Nestle FMV 103594 103594 ADR Roche Holdings FMV 271985 271985 ADR Royal Dutch Shell PLC FMV 66622 66622 Computer hardware 300216 248295 51921 51921 Furniture and equipment 427996 170496 257500 257500 Telephone system 41973 26770 15203 15203 Computer software 579873 517402 62471 62471 LHI/Office Expansion 841891 50321 791570 791570 Land- Naples, Florida 874057 0 874057 874057 Fairmont Building, LLC 3364158 0 3364158 3364158 Bainum Foundation Farm, LLC 4401620 0 4401620 4401620 Legal 90277 0 0 83279 Accrued interest/dividend receivable 554595 542766 542766 Bequest receivable 6139484 3207170 3207170 Federal excise tax receivable 212634 257885 257885 Program related investments 3211000 6246505 6246505 Investment related receivables and pending purchases 0 10561203 10561203 Bank fees 11552 11028 11028 524 Licensing and subscription 203385 7999 7999 186977 Insurance 106114 0 0 122892 Office related expenses 137833 117 117 128749 Student expenses 16412 0 0 16412 School Enhancement Contracts 0 0 0 56335 Farming expenses 67010 0 0 62528 Summer programs 145000 0 0 165732 Scholarships 1364338 0 0 1381029 PRI loan discount and loss reserve 2062404 0 0 0 Allocation fees 0 194830 194830 -194830 Partnership K-1 Investments 245908 245908 245908 Partnership K-1 Investments UBI 89385 0 0 Garage Parking Services UBI 87434 0 Unrealized gain on investments 70390585 Change in FMV of pledge donated assets 221372 Deferred federal excise tax payable 34812 1375800 Other professional fees 5528405 7864 7864 4643965 Investment fees K-1 446146 446146 446146 0 Investment fees 625196 625196 625196 0 Stewart W Bainum Jr 17267698 17655924 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17267698 Scott A Renschler 1165050 1191243 2014-09 2023-09 Annual interest payments, balloon payment at maturity 2.860000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 1165050 Bruce D Bainum 17449670 17680273 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 17449670 Todd Renschler 540900 548007 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 540900 Brian B Bainum 513855 520606 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Personal guarantee Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 513855 Dinwiddie Farms LLC 4356674 4413916 2015-01 2024-01 Annual interest payments, balloon payment at maturity 2.750000000000 Corporate obligation Purchase of estate assets under exception provisions in 53.4941(d)-3 Estate assets 4356674 Choice Hotels International Stock: The Principal sponsors, their descendants, including the CEO and several directors of the Foundation, own an aggregate of 39.2% of the common stock of CHH which is publicly traded in the United States of America. Although voting and dispositive power for the Foundation's CHH shares rests with a committee independent of the family and other affiliates of CHH, as a prudent matter, the Foundation has continued to comply with rule 144 requirements. As of June 30, 2017, the Foundation owned 1,694,972 Shares of CHH stock which represents 3.0% of the total CHH Shares issued and outstanding. The stock is valued at the June 30, 2017 NY stock exchange closing price discounted at 8.6%. The discount is based on an independent appraisal, from June 30, 2016, which was performed in compliance with the uniform standards of professional appraisal practices. Federal excise tax 180353 0 0 225604 Foreign taxes K-1 11442 11442 11442 0 Deferred excise taxes 1340988 0 0 0