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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 05-01-2017 , and ending 04-30-2018
Name of foundation
ROY J CARVER CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)202 IOWA AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUSCATINE, IA527613733
A Employer identification number

42-1186589
B Telephone number (see instructions)

(563) 263-4010
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$336,462,396J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 5,978 5,978  
4 Dividends and interest from securities... 5,548,707 7,557,756  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,464,503
b Gross sales price for all assets on line 6a 61,981,799
7 Capital gain net income (from Part IV, line 2)... 10,697,949
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 657,510 5,376,546  
12 Total. Add lines 1 through 11........ 18,676,698 23,638,229  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 523,448 33,290   490,158
14 Other employee salaries and wages...... 354,684 4,913   349,771
15 Pension plans, employee benefits....... 204,364 2,926   201,438
16a Legal fees (attach schedule)......... Click to see attachment 12,999 2,600   10,399
b Accounting fees (attach schedule)....... Click to see attachment 38,983 7,797   31,186
c Other professional fees (attach schedule).... Click to see attachment 1,152,152 1,147,352   4,800
17 Interest...............   48,046    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 309,956 191,669   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 71,346 14,269  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,229 209   5,020
22 Printing and publications.......... 1,165 0   1,165
23 Other expenses (attach schedule)....... Click to see attachment 123,257 1,076,030   100,365
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,797,583 2,529,101   1,194,302
25 Contributions, gifts, grants paid....... 17,122,052 17,122,052
26 Total expenses and disbursements. Add lines 24 and 25 19,919,635 2,529,101   18,316,354
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,242,937
b Net investment income (if negative, enter -0-) 21,109,128
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
Page 2
Part II Balance Sheets 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............. 4,000 4,000 4,000
2 Savings and temporary cash investments......... 6,278,757 3,004,346 3,004,346
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,327,821 Click to see attachment7,192,550 7,216,520
b Investments—corporate stock (attach schedule)....... 52,855,971 Click to see attachment53,846,137 83,825,618
c Investments—corporate bonds (attach schedule)....... 28,217,712 Click to see attachment29,862,116 29,385,453
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 16,588,023 17,858,670 17,344,095
13 Investments—other (attach schedule).......... 131,386,024 Click to see attachment126,758,335 193,651,525
14 Land, buildings, and equipment: basis bullet2,965,997
Less: accumulated depreciation (attach schedule) bullet1,485,442 1,551,901 Click to see attachment1,480,555 1,480,555
15 Other assets (describe bullet) Click to see attachment495,713 Click to see attachment550,284 Click to see attachment550,284
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 241,705,922 240,556,993 336,462,396
Liabilities 17 Accounts payable and accrued expenses.......... 84,135 146,314
18 Grants payable................. 39,456,332 32,236,633
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) Click to see attachment1,690,000 Click to see attachment1,918,000
23 Total liabilities (add lines 17 through 22)......... 41,230,467 34,300,947
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 200,475,455 206,256,046
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 200,475,455 206,256,046
30 Total liabilities and net assets/fund balances (see instructions). 241,705,922 240,556,993
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
200,475,455
2
Enter amount from Part I, line 27a .....................
2
-1,242,937
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
7,023,528
4
Add lines 1, 2, and 3 ..........................
4
206,256,046
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
206,256,046
Form 990-PF (2019)
Form 990-PF (2019)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a GALLIARD - PUBLICLY TRADED SECURITIES      
b NORTHERN TRUST - PUBLICLY TRADED SECURITIES      
c LSV - PUBLICLY TRADED SECURITIES      
d SMITH GRAHAM - PUBLICLY TRADED SECURITIES      
e SCZ - PUBLICLY TRADED SECURITIES      
IWF - PUBLICLY TRADED SECURITIES      
IWR - PUBLICLY TRADED SECURITIES      
VANGUARD REIT - PUBLICLY TRADED SECURITIES      
ACADIAN - PUBLICLY TRADED SECURITIES      
ADAMS STREET - PUBLICLY TRADED SECURITIES      
ACADIAN INTERNATIONAL ALL-CAP FUND      
ADAMS STREET 2009 DIRECT FUND LP      
ADAMS STREET 2013 GLOBAL FUND LP      
ADAMS STREET CO-INVESTMENT FUND IIIA LP      
ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP      
THE EMERGING WORLD INVESTORS LP      
(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 28,188,320   27,952,609 235,711
b 686,697   1,005 685,692
c 5,243,077   3,171,352 2,071,725
d 12,567,495   9,377,846 3,189,649
e 2,250,035   1,286,942 963,093
1,900,256   824,936 1,075,320
2,000,187   891,727 1,108,460
7,432     7,432
5,228,018   5,228,018 0
3,910,282   3,910,282 0
      1,495,594
      26,164
      314,726
      39,135
      86,480
      413,646
      141,630
      465,960
      122,289
      23,276
      172,308
      -1,940,341
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       235,711
b       685,692
c       2,071,725
d       3,189,649
e       963,093
      1,075,320
      1,108,460
      7,432
      0
      0
      1,495,594
      26,164
      314,726
      39,135
      86,480
      413,646
      141,630
      465,960
      122,289
      23,276
      172,308
      -1,940,341
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 10,697,949
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))
2018 16,364,123 305,492,464 0.053566
2017 16,010,155 299,006,891 0.053544
2016 16,714,972 312,519,164 0.053485
2015 15,598,911 293,529,608 0.053143
2014 14,151,236 265,053,367 0.053390
2
Total of line 1, column (d) .....................
2
0.267128
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
0.053426
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
334,261,661
5
Multiply line 4 by line 3......................
5
17,858,264
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
211,091
7
Add lines 5 and 6........................
7
18,069,355
8
Enter qualifying distributions from Part XII, line 4,.............
8
18,316,354
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here 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 1 211,091
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 0
3 Add lines 1 and 2........................... 3 211,091
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 211,091
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 200,775
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 225,775
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 14,684
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet14,684 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    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 2019 or the taxable year beginning in 2019? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 addressbulletCARVERTRUST.ORG
    14
    The books are in care ofbulletDR TROY ROSS Telephone no.bullet (563) 263-4010

    Located atbullet202 IOWA AVENUEMUSCATINEIA ZIP+4bullet527613733
    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 2019, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    JOHN A CARVER TRUSTEE
    2.00     		21,000 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    ROY J CARVER JR TRUSTEE/CHAIRMAN
    4.00     		27,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    WILLARD L BOYD TRUSTEE
    1.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    J LARRY GRIFFITH TRUSTEE/VICE CHAIRMAN
    4.00     		26,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    TROY K ROSS EXECUTIVE ADMINISTRATOR
    40.00     		356,998 61,164 4,364
    202 IOWA AVENUE
    MUSCATINE,IA52761
    D SCOTT INGSTAD TRUSTEE
    2.00     		24,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    DAVID M UTLEY TRUSTEE/SECRETARY
    2.00     		24,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MARTIN G CARVER TRUSTEE
    2.00     		23,050 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    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
    LYNNE M SASMAZER PROGRAM DIRECTOR
    40.00     		156,870 29,509 260
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA K DEAN EXECUTIVE ASSISTANT
    40.00     		85,727 24,073 172
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA BETH MUMEY PROGRAM ASST/SEC
    40.00     		56,941 21,584 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    SMITH GRAHAM & CO ASSET MANAGEMENT 387,930
    600 TRAVIS STREET
    HOUSTON,TX77002
    ACADIAN ASSET MANAGEMENT ASSET MANAGEMENT 273,738
    1 POST OFFICE SQUARE
    BOSTON,MA02109
    LSV ASSET MANAGEMENT ASSET MANAGEMENT 205,740
    155 NORTH WACKER DRIVE SUITE 4600
    CHICAGO,IL60606
    GALLIARD CAPITAL MANAGEMENT ASSET MANAGEMENT 138,736
    800 LASALLE AVENUE SUITE 1100
    MINNEAPOLIS,MN55402
    NORTHERN TRUST ASSET MANAGEMENT 89,008
    50 SOUTH LASALLE STREET
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet1
    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.........................bullet0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    337,284,612
    b
    Average of monthly cash balances.......................
    1b
    1,259,584
    c
    Fair market value of all other assets (see instructions)................
    1c
    807,744
    d
    Total (add lines 1a, b, and c).........................
    1d
    339,351,940
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    339,351,940
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,090,279
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    334,261,661
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    16,713,083
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    16,713,083
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    211,091
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    211,091
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,501,992
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    657,510
    5
    Add lines 3 and 4............................
    5
    17,159,502
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    17,159,502
    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
    18,316,354
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    18,316,354
    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
    211,091
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    18,105,263
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 17,159,502
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 1,073,674
    b From 2015...... 1,245,004
    c From 2016...... 1,257,925
    d From 2017...... 1,418,720
    e From 2018...... 1,423,334
    fTotal of lines 3a through e........ 6,418,657
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 18,316,354
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 17,159,502
    e Remaining amount distributed out of corpus 1,156,852
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,575,509
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		1,073,674
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		6,501,835
    10 Analysis of line 9:
    a Excess from 2015.... 1,245,004
    b Excess from 2016.... 1,257,925
    c Excess from 2017.... 1,418,720
    d Excess from 2018.... 1,423,334
    e Excess from 2019.... 1,156,852
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2019, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    ROY J CARVER CHARITABLE TRUST
    202 IOWA AVENUE
    MUSCATINE,IA527613733
    (563) 236-4010
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT A WRITTEN OR ELECTRONIC LETTER OF INQUIRY BEFORE SUBMISSION OF A FORMAL REQUEST. INCLUDE THE FOLLOWING INFORMATION: 1. A BRIEF BACKGROUND ON YOUR ORGANIZATION, INCLUDING A HISTORY OF ITS EXISTENCE, THE SIZE OF STAFF AND BOARD AND THE TYPE OF SERVICE PROVIDED. 2. A DESCRIPTION OF THE PROJECT, WHAT IT IS DESIGNED TO ACHIEVE, AND HOW THIS WILL BE ACCOMPLISHED. 3. A PROPOSED BUDGET FOR THE TOTAL COST OF THE PROJECT AND THE AMOUNT YOU INTEND TO REQUEST FROM THE TRUST. 4. A STATEMENT DESCRIBING WHY PARTICIPATION OF THE CARVER TRUST IS VITAL TO THE SUCCESS OF THE PROJECT. INDICATE PAST HISTORY WITH THE TRUST.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RECIPIENT MUST QUALIFY AS AN EXEMPT CHARITABLE, EDUCATIONAL, OR SCIENTIFIC ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE.
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AFRICAN AMERICAN MUSEUM OF IOWA
    55 12TH AVENUE SE
    CEDAR RAPIDS,IA52401     		NONE PC NEW EXHIBIT DEVELOPMENT 50,000
    AMERICAN RED CROSS OF THE QUAD CITIES
    1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC HURRICANE RELIEF EFFORTS 25,000
    ARROWHEAD RANCH
    12200 104TH STREET
    COAL VALLEY,IL61240     		NONE PC REPLACE THE ROOF OF A CAMPUS BUIDLING 200,000
    AUGUSTANA COLLEGE
    639 38TH STREET
    ROCK ISLAND,IL61201     		NONE PC SUPPORT EXPANSION OF THE SCIENCE BUILDING 1,250,000
    BETHANY FOR CHILDREN AND FAMILIES
    1830 6TH AVENEUE
    MOLINE,IL61265     		NONE PC UPDATE TELECOMMUNICATIONS SYSTEM 50,483
    BRIAR CLIFF UNIVERSITY
    3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    BUENA VISTA UNIVERSITY
    610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    BUENA VISTA UNIVERSITY
    610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PURCHASE SCIENTIFIC INSTRUMENTATION & TECHNOLOGY 67,097
    CAMBRIDGE MEMORIAL LIBRARY
    224 WATER STREET
    CAMBRIDGE,IA50046     		NONE PC NEW LIBRARY CONSTRUCTION 60,000
    CARROLL PUBLIC LIBRARY
    118 EAST 5TH STREET
    CARROLL,IA51401     		NONE PC LIBRARY EXPANSION 60,000
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    CITY OF ELDRIDGE
    305 NORTH THIRD STREET
    ELDRIDGE,IA52748     		NONE GOV HANDICAPPED ACCESSIBLE PLAYGROUND 25,000
    CITY OF MUSCATINE
    215 SYCAMORE STREET
    MUSCATINE,IA52761     		NONE GOV PARKING EXPANSION AT A CITY RECREATION FACILITY 140,000
    CITY OF WALCOTT
    PO BOX 247
    WALCOTT,IA52773     		NONE GOV CONSTRUCT A RECREATIONAL WATER FEATURE 15,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    COE COLLEGE
    1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    CORNELL COLLEGE
    600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    CORNELL COLLEGE
    600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC NEW SCIENCE BUILDING CONSTRUCTION 143,000
    DORDT COLLEGE
    498 4TH AVENUE NE
    SIOUX CENTER,IA51250     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    DRAKE PUBLIC LIBRARY
    115 DRAKE AVENUE
    CENTERVILLE,IA52544     		NONE PC LIBRARY EXPANSION AND RENOVATION 60,000
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC CONSTRUCTION OF A TECHNOLOGY ENHANCED CLASSROOM 161,000
    FAMILY RESOURCES INC
    2800 EASTERN AVENUE
    DAVENPORT,IA52803     		NONE PC UPGRADE SECURITY AT A CAMPUS BUILDING 200,000
    FOUR MOUNDS FOUNDATION
    4900 PERU ROAD
    DUBUQUE,IA52001     		NONE PC VEHICLE PURCHASE 15,000
    FOUR OAKS
    5400 KIRKWOOD BLVD SW
    CEDAR RAPIDS,IA52404     		NONE PC EXPAND AND RENOVATE RESEDENTIAL TREATMENT FACILITIES 300,000
    GIRL SCOUTS OF EASTERN IOWA AND WESTERN ILLINOIS
    940 GOLDEN VALLEY DRIVE
    BETTENDORF,IA52722     		NONE PC RENOVATE AN ENVIRONMENTAL LEARNING LAB 25,000
    GRACELAND UNIVERSITY
    UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    GRAND VIEW UNIVERSITY
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    GRINNELL COLLEGE
    1115 8TH AVENUE
    GRINNELL,IA50112     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    HIAWATHA PUBLIC LIBRARY
    150 WEST WILLMAN STREET
    HIAWATHA,IA52233     		NONE PC PURCHASE NEW SHELVING AND UPDATE TECHNOLOGY 60,000
    IOWA CITY PUBLIC LIBRARY
    123 SOUTH LINN STREET
    IOWA CITY,IA52240     		NONE PC DEVELOP A DIGITAL MEDIA LAB 45,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 213,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ESTABLISH A NAMED POSTDOCTORAL FELLOWSHIP PROGRAM 500,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY BACTERIAL ENZYME TO DEVELOP NEW ANTIMICROBIAL AGENTS 125,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY PROTEIN EXPORT MECHANISM OF THE MALARIA PARASITE-LIVER STAGE 119,680
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ACQUISITION OF A MASS SPECTROMETRY SYSTEM 378,105
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY TRAUMATIC BRAIN INJURY WITH A PORCINE MODEL 128,768
    IOWA WESLEYAN COLLEGE
    601 NORTH MAIN STREET
    MT PLEASANT,IA52641     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    LECLAIRE COMMUNITY LIBRARY
    323 WISCONSIN STREET
    LECLAIRE,IA52753     		NONE PC UPDATE TEEN AREA 12,000
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC INSTRUMENTATION FOR NEUROSCIENCE INSTRUCTION 200,000
    MOLINE COMMUNITY DEVELOPMENT CORPORATION
    1830 6TH AVENUE
    MOLINE,IL61265     		NONE PC RENOVATE THE FISHING PIER IN PROSPECT PARK 11,250
    MORNINGSIDE COLLEGE
    1501 MORNINGSIDE AVENUE
    SIOUX CITY,IA51106     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC INSTRUCTION FACILITIES FOR NURSING PROGRAM 200,000
    MUSCATINE ART CENTER
    1314 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE PC LIVING PROOF EXHIBIT 7,500
    MUSCATINE COMMUNITY COLLEGE FOUNDATION
    152 COLORADO
    MUSCATINE,IA52761     		NONE GOV RENOVATE LABS FOR SCIENCE INSTRUCTION 300,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV 2018 EXCELLENCE IN EDUCATION PROGRAM 67,000
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM
    350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC ENHANCE THEMED EDUCATIONAL PROGRAM 75,000
    NEW MILE MEDIA ARTS
    4748 OAK CREST HILL ROAD SE
    IOWA CITY,IA52240     		NONE PC EDUCATIONAL DOCUMENTARY FILM ON GEORGE STOUT 20,000
    NORTHWESTERN COLLEGE
    101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    ORANGE CITY PUBLIC LIBRARY
    112 ALBANY AVENUE SE
    ORANGE CITY,IA51041     		NONE PC RENOVATION AND FURNISHINGS 16,000
    ORCHARD PLACE
    2116 GRAND AVENUE
    DES MOINES,IA50312     		NONE PC IMPROVEMENTS TO A CAMPUS BUILDING AND GYMNASIUM 180,000
    PROJECT RENEWAL OF DAVENPORT
    510 WARREN STREET
    DAVENPORT,IA52802     		NONE PC DEVELOP AN OUTDOOR ACTIVITY SPACE 7,449
    SIMPSON COLLEGE
    701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    ST AMBROSE UNIVERSITY
    518 WEST LOCUST STREET
    DAVENPORT,IA52803     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    TANAGER PLACE SCHOOL
    2309 C STREET SW
    CEDAR RAPIDS,IA52404     		NONE PC ELECTRONIC HEALTH RECORDS SYSTEM 160,000
    THE 180 ZONE
    1518 WASHINGTON STREET
    DAVENPORT,IA52804     		NONE PC ASSIST WITH ACHIEVEMENT CENTER IMPROVEMENTS 21,500
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE PC LAND STEWARDSHIP IN MUSCATINE COUNTY 24,331
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV CARVER BIOTECH CENTER - EQUIPMENT FOR PROTEOMICS RESEARCH 500,000
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV CARLE COLLEGE OF MEDICINE - BIOFABRICATION LABORATORY 878,000
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV MICROBIOLOGY - REPLICATION MECHANISM OF INFLUENZA VIRUS 124,284
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CARVER STATEWIDE SCHOLARSHIPS 215,600
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - IMPROVE EARLY CHILDHOOD LANGUAGE DEVELOPMENT 116,811
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - STUDY AT-RISK STUDENT ENGAGEMENT AT HIGH SCHOOL LEVEL 89,908
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DENTISTRY - ESTABLISH A DENTAL AND CRANIOFACIAL BIOREPOSITORY 199,949
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - CCOM - IA INSTITUTE FOR VISION RESEARCH - CURING HERITABLE BLINDNESS 300,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV BIOLOGY - EXPAND COMMUNITY BASED SCIENCE EDUCATION PROGRAM 87,952
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV ENGINEERING - CELL AND TISSUE ENGINEERING RESEARCH LABORATORY 1,000,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV BIOLOGY - UPGRADE MICROSCOPES AT THE CARVER CENTER FOR IMAGING 490,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV INTERNAL MEDICINE - MOLECULAR BASIS OF HEART DISEASE (BOUDREAU) 140,312
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - BIOCHEMICAL STUDIES OF FAT CELLS (SAH) 141,335
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - FACILITIES AND PROGRAM SUPPORT 203,920
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - MAJOR PROGRAM & ENDOWMENT SUPPORT - NEUROSCIENCE 4,850,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV DEVELOP A MUSEUM CONSERVATION PROGRAM 145,850
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV IMPLEMENT A UNIVERSITY-WIDE SCIENCE INITIATIVE 175,479
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV EQUIPMENT FOR INSTRUCTION IN ANATOMY AND PHYSIOLOGY 303,634
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV RENOVATE AN INSTRUCTIONAL LABORATORY 250,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CARVER STATEWIDE SCHOLARSHIPS 213,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPDATE EQUIPMENT FOR A SCIENCE EDUCATION LOAN PROGRAM 20,002
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPGRADE THE MICROBIOLOGY TEACHING LABORATORY 250,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPGRADE EQUIPMENT USED IN SPEECH & COMMUNICATIONS DISORDERS 182,871
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPGRADE RESOURCES FOR MATHEMATICS EDUCATION 125,402
    UPPER IOWA UNIVERSITY
    605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    UPPER ROCK ISLAND COUNTY RECREATION ASSOCIATION
    PO BOX 8
    PORT BYRON,IL61275     		NONE PC DORRANCE PARK LIGHTING PROJECT 25,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,200
    WOODBURY COUNTY LIBRARY
    825 MAIN STREET 625
    MOVILLE,IA51039     		NONE PC REPLACE THE BOOKMOBILE 40,180
    Total .................................bullet 3a 17,122,052
    bApproved for future payment
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 106,500
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV TO STUDY A SPECIFIC BACTERIAL ENZYME COMPLEX AS A TARGET FOR DEVELOPING A NEW CLASS OF POSSIBLE ANTIMICROBIAL AGENTS 250,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV TO STUDY LIVER INVOLVEMENT IN THE LIFE CYCLE OF THE MALARIA PARASITE 263,235
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV TO STUDY TRAUMATIC BRAIN INJURIES USING A PORCINE LABORATORY MODEL 140,128
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM
    350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC SUPPORT THE EXPANSION OF A RIVER-THEMED EDUCATIONAL PROGRAM 50,000
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV TO FUND AN INVESTIGATION INTO THE REPLICATION MECHANISM OF THE INFLUENZA VIRUS 125,092
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 109,100
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EXPAND A COMMUNITY-BASED SCIENCE EDUCATION PROGRAM 183,397
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV SUPPORT A STUDY ON SCIENCE LITERACY FOR KINDERGARTEN THROUGH SECOND GRADE STUDENTS 238,909
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV PROVIDE MAJOR PROGRAM AND ENDOWMENT SUPPORT 37,050,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 106,500
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV SUPPORT A PRESERVATION PROJECT AT THE UNI MUSEUM 78,958
    Total .................................bullet 3b 38,701,819
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    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 5,978  
    4 Dividends and interest from securities....     14 5,548,707  
    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.....     01 657,510  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 12,464,503  
    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).. 0 18,676,698 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    18,676,698
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 AccountingFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & AUDITING FEES 38,983 7,797   31,186

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

    TY 2017 DepreciationSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    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
    BUILDING 1995-07-27 1,331,453 743,964 SL 39.000000000000 34,140 0    
    BUILDING ADDITIONS 2003-04-22 210,035 73,950 SL 40.000000000000 5,251 0    
    CIRCUIT BOARD 2006-11-01 676 178 SL 40.000000000000 17 0    
    BOILER (H3-0182) 2011-08-15 8,956 5,150 SL 10.000000000000 896 0    
    CYLINDERS - NORTIC HUMIDIFIER 2012-03-15 754 390 SL 10.000000000000 75 0    
    BEARING ASSEMBLY FOR HEAT PUMP 2012-04-15 501 255 SL 10.000000000000 50 0    
    COMPUTER - DELL OPTIPLEX 755 2008-06-01 808 720 SL 10.000000000000 81 0    
    DRAPERIES 2008-11-01 5,845 4,968 SL 10.000000000000 584 0    
    WALLPAPER REPLACEMENT 2008-09-01 5,179 4,488 SL 10.000000000000 518 0    
    BACKUP & MGMT PC 2009-02-01 943 778 SL 10.000000000000 94 0    
    WINDOW UNIT 2009-03-01 746 609 SL 10.000000000000 75 0    
    MUIRFIELD HI BACK LUMBAR SUPPORT PNEUMATIC CHAIRS 2009-12-21 1,413 1,048 SL 10.000000000000 141 0    
    4 DELL COMPUTERS 2010-05-15 2,799 1,959 SL 10.000000000000 280 0    
    DAMPER ACTUATOR MOTOR 2011-02-15 884 553 SL 10.000000000000 88 0    
    CONTROL BOARD 2011-08-15 585 336 SL 10.000000000000 59 0    
    LAND IMPROVEMENTS 1995-07-27 10,475 5,853 SL 39.000000000000 269 0    
    LAND IMPROVEMENTS 1995-07-27 26,873 15,016 SL 39.000000000000 689 0    
    SITE IMPROVEMENTS 2003-04-22 240,860 169,605 SL 20.000000000000 12,043 0    
    ROOFING REPAIRS 2007-09-01 670 166 SL 39.000000000000 17 0    
    BOILER REPAIR 2009-09-29 665 127 SL 40.000000000000 17 0    
    BOILER REPAIR 2010-02-24 712 129 SL 40.000000000000 18 0    
    REPAIR BACKFLOW PREVENTION SYSTEM 2010-06-15 577 100 SL 40.000000000000 14 0    
    FRONT STEPS, LANDING, AND WALKWAY 2010-06-15 14,849 10,270 SL 10.000000000000 1,485 0    
    THOROSEAL COATING ON EXTERIOR WEST WALL, CAULK AT TOP OF BUILDING 2010-07-15 15,889 10,857 SL 10.000000000000 1,589 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 3,863 2,608 SL 10.000000000000 386 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 607 410 SL 10.000000000000 61 0    
    EXTERIOR WEST WALL PAINTING 2010-08-15 3,450 2,329 SL 10.000000000000 345 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-09-15 875 583 SL 10.000000000000 87 0    
    GALVANIZED HANDRAILS ON FRONT STEPS 2010-09-15 575 383 SL 10.000000000000 58 0    
    PARKING LOT REPAIR 2010-11-15 2,270 1,476 SL 10.000000000000 227 0    
    REPAIR B & G PUMP 2011-01-15 673 426 SL 10.000000000000 67 0    
    ROOF REPLACEMENT 2012-10-13 47,874 10,971 SL 20.000000000000 2,394 0    
    AIR HANDLER 2013-01-15 5,218 3,230 SL 7.000000000000 745 0    
    ALUMINUM COVER FOR FOUNDATION 2012-12-13 1,266 799 SL 7.000000000000 181 0    
    STAINLESS STEE TROOF FOR FOUNDATION 2012-08-24 8,328 5,651 SL 7.000000000000 1,190 0    
    FAN ASSEMBLY 2013-05-01 3,205 1,282 SL 10.000000000000 321 0    
    SURVEILLANCE CAMERA SYSTEM 2014-05-13 2,221 167 SL 40.000000000000 55 0    
    SURVEILLANCE CAMERA SYSTEM (ADD'L CAMERA) 2014-12-29 708 43 SL 40.000000000000 18 0    
    COPIER - KYOCERA TASKALFA 5551CI 2014-05-01 14,634 4,390 SL 10.000000000000 1,463 0    
    SHREDDER - DESTROYIT 3804SC 2014-07-31 3,160 895 SL 10.000000000000 316 0    
    UPS POWER BACKUP (APC PRO-1500) 2014-07-13 531 150 SL 10.000000000000 53 0    
    COMPUTER - DELL OPTIPLEX (SECRETARY) 2014-07-13 1,359 385 SL 10.000000000000 136 0    
    COMPUTER - DELL OPTIPLEX 3020 (RECEPTION AREA) 2014-07-13 1,337 379 SL 10.000000000000 134 0    
    PARKING LOT (REPLACEMENT) 2014-09-09 46,744 6,233 SL 20.000000000000 2,337 0    
    BOILER - HONEYWELL MOTOR M8185D 1006 2014-09-30 516 34 SL 40.000000000000 13 0    
    BOILER - RAYPAK MODEL H3-0182 2014-09-29 3,675 245 SL 40.000000000000 92 0    
    COMPUTER - DELL LATITUDE E6440 (LAPTOP) 2015-02-25 1,681 378 SL 10.000000000000 168 0    
    COMPUTER - DELL POWEREDGE T320 SERVER 2015-02-01 5,017 1,129 SL 10.000000000000 502 0    
    SOFTWARE - WINDOWS SERVER 2012 R2 STANDARD 2015-02-01 869 652 SL 3.000000000000 217 0    
    SOFTWARE - EXCHANGE SERVER 2013 STANDARD 2015-02-01 869 652 SL 3.000000000000 217 0    
    DELL - POWERCONNECT 2848 SWITCH 2015-02-01 644 145 SL 10.000000000000 64 0    
    DELL - SONICWALL TZ 215 FIREWALL 2015-02-01 1,236 278 SL 10.000000000000 124 0    
    COMPUTER - DELL LATITUDE E7450 LAPTOP 2015-07-10 1,607 295 SL 10.000000000000 161 0    
    CHRISTMAS TREE - 10' FRASER FIR 2015-10-23 1,799 285 SL 10.000000000000 180 0    
    CABINET - COMPUTER EQUIPMENT 2015-11-10 1,366 208 SL 10.000000000000 139 0    
    COMPUTER - DELL LATITUDE E7450 LAPTOP 2016-04-19 1,411 153 SL 10.000000000000 141 0    
    WATER HEATER (ELECTRIC) 2015-05-05 632 32 SL 40.000000000000 15 0    
    INVENSYS ZONE VALVE & MOTORS (HVAC SYSTEM) 2015-05-29 999 50 SL 40.000000000000 25 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-08-14 7,212 316 SL 40.000000000000 180 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-09-08 1,792 75 SL 40.000000000000 44 0    

    TY 2017 InvestmentsCorpBondsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACCO BRANDS 201,500 200,000
    ACTAVIS FDG SCS 99,570 94,172
    ACTIVISION 29,910 28,992
    ACTUANT 264,888 264,263
    AEP TRANSM CO LLC 99,803 95,090
    ALEXANDRIA REAL 99,601 97,085
    AMERICAN EXPRESS CO 29,973 29,764
    AMERICAN EXPRESS CR CORP 124,721 122,334
    AMERIGAS PARTNERS 252,027 245,625
    ANDEAVOR 251,281 258,634
    ANGLO AMERICAN CAP 250,000 249,896
    ANHEUSER-BUSCH 179,391 176,775
    ANTERO RES 237,500 249,063
    ARCELORMITTAL SA LUXEMBOURG 109,750 108,250
    ARCELORMITTAL STEP CPN 170,813 177,750
    ASCENSION HEALTH 91,947 87,950
    ASHLAND 203,750 201,750
    AT&T 274,634 261,051
    AVALONBAY COMMUNITIES 72,644 77,968
    BALL 261,992 257,500
    BANK OF AMERICA 388,829 388,417
    BANK NEW YORK MELLON 129,858 130,161
    BB&T 84,930 81,018
    BK NOVA SCOTIA BC 39,997 40,322
    BNP PARIBAS 99,233 104,906
    BOARDWALK 148,290 160,011
    BP CAP MKTS 120,000 118,317
    BRIGGS & STRATTON 275,304 268,125
    BROWN FORMAN 39,821 39,756
    BSTN PPTYS 149,669 151,316
    CANADIAN NATURAL RESOURCES 19,971 19,325
    CANADIAN PACIFIC RAILWAY 59,974 56,697
    CAPITAL ONE FINANCIAL 139,913 137,988
    CENOVUS ENERGY 249,958 240,386
    CHARTER 254,610 254,018
    CHEVRON 60,000 58,427
    CITIGROUP 289,666 273,652
    CLEAN HBRS 202,603 198,495
    CLEVELAND CLINC FOUNDATION 74,423 77,959
    CN LIGHT & POWER 61,396 63,654
    CNH INDL 35,088 35,482
    COMCAST 49,824 48,221
    CONCHO RESOURCES 169,381 163,385
    CONOCOPHILLIPS 169,699 166,773
    CONTINENTAL RESOURCES 255,938 254,063
    CREDIT SUISSE 248,590 247,769
    CVS HEALTH 178,841 179,818
    DAIMLER FIN N AMER 149,712 148,068
    DOLPHIN SUBSIDIARY 264,750 271,900
    DUKE REALTY 152,804 151,434
    EATON 130,000 120,730
    ECOLAB 64,840 62,027
    EMBRAER NETH FIN 361,775 370,250
    EMD FINANCE 109,806 107,823
    ENERGEN 250,625 247,500
    ENLINK MIDSTREAM 157,873 149,963
    ENTERGY ARK 113,630 112,292
    ERP OPERATING LTD 39,736 37,040
    ERP OPERATING LP 89,657 93,495
    FORTIVE 112,461 111,493
    GENERAL MILLS 119,870 116,645
    GOLDMAN SACHS 334,359 343,483
    HALLIBURTON 49,860 49,659
    HANESBRANDS 250,113 241,250
    HCA 238,747 226,125
    HELIOS LEASING I 141,527 134,494
    HESS 249,148 243,033
    HEXCEL 89,603 88,074
    HOST HOTELS 199,150 194,807
    HSBC HOLDINGS 19,957 21,005
    INDIANA UNIV HEALTH 155,000 153,538
    INTEL 54,986 53,230
    INTERNATIONAL PAPER CO 99,624 90,689
    ITC HOLDINGS 49,833 49,317
    JABIL 124,642 118,903
    JABIL CIRCUIT 103,914 102,590
    JPMORGAN CHASE & CO 324,582 318,862
    KERR MCGEE 281,928 275,846
    KIMBERLY CLARK 121,442 121,242
    KIMCO REALTY 220,129 212,241
    KRAFT FOODS GROUP 105,597 99,712
    LAMAR MEDIA 261,625 257,313
    LIBERTY PROPERTY 109,253 107,794
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY 204,073 210,617
    MARATHON OIL 269,375 268,903
    MARTIN MARIETTA 161,423 172,272
    MASCO 49,450 52,169
    MAYO CLINIC 78,579 76,137
    MCCORMICK & CO 119,586 113,534
    MCDONALDS 99,970 99,742
    MEXICAN AIRCRAFT 91,146 88,215
    MIDAMERICAN ENERGY 83,437 79,727
    MITSUBISHI UFJ FINL GROUP 20,000 19,852
    MITSUBISHI UFJ FIXED 30,000 29,002
    MORGAN STANLEY 323,801 320,235
    MOSAIC 224,559 212,683
    MPLX LP 199,668 195,146
    NEW YORK & COMPANY 192,931 197,749
    NEWFIELD EXPLORATION COMPANY 257,250 262,500
    NORFOLK SOUTHERN 153,993 138,015
    NORTHERN STATES POWER 199,719 194,459
    NORTHROP GRUMMAN 74,989 72,268
    NUSTAR LOGISTICS 252,500 243,125
    ORACLE 99,842 96,584
    OSHKOSH 260,063 256,875
    PARTNERS 100,000 99,448
    PECO ENERGY 123,929 124,227
    PETROLEOS 255,000 251,850
    PHILLIPS VAN HEUSEN 181,750 176,625
    PIONEER NATURAL RESOURCES 306,044 295,328
    PLAINS ALL AMERICAN PIPELINE 226,353 225,403
    POTLATCH 282,812 264,688
    PRESIDENT & FELLOW HARVARD COLLEGE 97,565 97,293
    PROVIDENCE HEALTH & SERVICES 120,000 114,067
    PVTPL ABB TREAS CTR USA 108,247 112,622
    PVTPL ALLISON TRANSMISSION 252,937 245,550
    PVTPL AMAZON 22,940 22,136
    PVTPL AXALTA COATING SYS 259,285 251,875
    PVTPL BAE SYS HOLDINGS 99,703 99,739
    PVTPL CARGILL 59,921 59,479
    PVTPL CEDAR FAIR 255,290 248,750
    PVTPL GRACE W R & CO 291,037 283,938
    PVTPL HILL-ROM HOLDINGS 249,875 248,257
    PVTPL HOLOGIC 250,000 238,750
    PVTPL IMS HEALTH 276,687 271,219
    PVTPL INGEVITY 248,541 240,937
    PVTPL JAGUAR LAND ROVER AUTOMOTIVE 249,760 225,000
    PVTPL MEDNAX 254,575 248,125
    PVTPL MONONGAHELA POWER 159,818 163,878
    PVTPL MSCI 267,000 261,175
    PVTPL SCHLUMBERGER FIN 44,968 43,717
    PVTPL SEALED AIR 114,253 111,500
    PVTPL SENSATA TECHNOLOGIES 264,375 259,375
    PVTPL SIRIUS XM RADIO 106,625 102,770
    PVTPL TENASKA ALA PARTNERS 41,822 41,601
    PVTPL USG 263,462 261,250
    PVTPL WOLVERINE WORLD WIDE 240,994 239,062
    RABOBANK NEDERLAND 49,611 50,817
    RANGE RES 248,625 243,575
    REALTY INCOME 184,761 178,242
    RELX CAP 59,747 59,422
    ROCKWELL COLLINS 79,946 77,681
    ROYAL BANK OF CANADA 59,872 61,086
    SANTA ROSA LEASING 70,182 67,355
    SCOTTS MIRACLE-GRO 262,135 261,507
    SEAGATE HDD CAYMAN 243,419 248,772
    SEALED AIR 259,062 253,750
    SERVICE CORP INTERNATIONAL 297,891 285,000
    SHELL INTL 171,736 177,150
    SHERWIN-WILLIAMS 109,601 103,951
    SILGAN HOLDINGS 253,125 241,900
    SOUTHERN BAPTIST 120,000 133,292
    SOUTHERN CAL EDISON 229,705 233,728
    SOUTHWESTERN ENERGY STEP CPN 203,662 196,000
    STANFORD HEALTH CARE 140,000 135,322
    SUNTRUST BANKS 69,910 70,300
    TAGUA LEASING LLC 146,855 139,968
    TELEFLEX 251,191 246,500
    TEVA 286,477 267,416
    TEXAS HEALTH RESOURCES 100,000 100,963
    TIME WARNER 179,616 175,329
    UBS GROUP FDG 200,000 191,813
    UDR 89,190 92,699
    UNILEVER CAP 198,014 190,448
    UNITED TECHNOLOGIES 84,823 79,964
    UNIVERSITY OF SOUTHERN CAL 125,000 112,175
    US BANCORP 89,756 90,259
    VALE OVERSEAS 242,534 248,152
    VALMONT INDUSTRIES 54,745 53,075
    VALVOLINE 311,375 307,500
    VENTAS REALTY 69,764 67,283
    VERISIGN 250,594 239,687
    VERIZON COMMUNICATIONS 208,529 217,474
    VERSUM MATERIALS 237,850 229,995
    VORNADO REALTY 104,541 106,185
    VULCAN MATERIALS 152,773 149,444
    WESTROCK CO 99,721 94,574
    WHITING PETE 201,682 205,750
    WILLIAM CARTER 259,375 254,062
    WILLIAMS CO 119,604 119,550
    21ST CENTURY FOX 59,884 58,005
    PETROLEOS MEXICANOS 99,252 92,650

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE 186,462 424,820
    ADVANCED ENERGY INDS 104,640 518,681
    AETNA 41,549 286,480
    AFLAC 130,450 246,078
    AGCO 127,915 156,700
    ALLSTATE 152,854 449,972
    AMERICAN AIRLINES 141,766 167,427
    AMERIPRISE FINANCIAL 82,427 322,483
    AMERISAFE 223,928 776,830
    AMGEN 194,758 505,992
    ANNALY CAP MGMT 212,258 231,251
    ANTHEM 82,991 306,787
    ARCBEST 536,551 523,230
    ARCHER-DANIELS-MIDLAND 96,334 181,520
    ASSURANT 43,082 111,384
    AT&T 537,491 598,410
    ATLAS AIR WORLDWIDE HOLDINGS 599,924 1,112,290
    BANC CALIFORNIA 728,169 909,024
    BANK OF AMERICA 334,593 906,576
    BELDEN 121,938 519,288
    BENCHMARK ELECTRONICS 535,791 734,191
    BIG LOTS 141,520 195,270
    BOEING 76,459 200,136
    BOSTON BEER 406,275 700,020
    BRIGHTHOUSE FINANCIAL 11,074 17,062
    BRINKER INTERNATIONAL 129,524 104,616
    BUNGE 62,352 72,230
    CAPITAL ONE FINANCIAL 280,008 453,100
    CAPSTEAD MORTGAGE 566,234 466,576
    CARDINAL HEALTH 272,569 218,178
    CHEVRON 159,505 625,550
    CHILDRENS PLACE 229,304 619,893
    CIRRUS LOGIC 362,030 672,872
    CISCO SYSTEMS 314,842 828,223
    CIT GROUP 147,807 169,440
    CITIGROUP 612,028 805,586
    COLUMBIA BKG SYS 357,357 853,256
    CONVERGYS 31,498 179,872
    CORNING 182,705 299,922
    CSG SYSTEMS INTERNATIONAL 347,038 747,071
    CUMMINS 241,122 234,994
    DEAN FOODS 927,271 552,245
    DECKERS OUTDOOR 580,069 1,023,995
    DELL TECHNOLOGIES 86,234 131,124
    DELTA AIR LINES 222,685 234,990
    DIAMONDROCK HOSPITALITY 623,711 755,599
    DIEBOLD NIXDORF 799,576 720,376
    DISCOVER FINANCIAL SERVICES 152,831 441,750
    DOMTAR 186,047 193,160
    DXC TECHNOLOGY 20,587 78,738
    DYCOM INDUSTRIES 105,593 572,269
    EASTMAN CHEMICAL 181,246 377,696
    ELECTRONICS FOR IMAGING 757,295 884,600
    ENCORE CAP GROUP 675,254 1,322,836
    ENERSYS 206,542 722,622
    ENTERGY 289,750 358,996
    EVEREST RE GROUP 110,453 255,937
    EXELON 330,015 432,512
    EXPRESS SCRIPTS HOLDING CO 317,881 310,370
    EXXON MOBIL 423,518 660,875
    FEDEX 134,788 247,200
    FERRO 454,440 756,484
    5TH 3RD BANCORP 179,453 388,089
    FIRSTENERGY 476,915 512,560
    FORD MOTOR 408,489 278,752
    GANNETT 17,993 29,494
    GAP 149,301 102,340
    GATX 156,191 628,261
    GENERAL MOTORS 321,847 338,008
    GENESCO 528,150 979,830
    GILEAD SCIENCES 319,557 252,805
    GOLDMAN SACHS GROUP 142,115 285,996
    GOODYEAR TIRE & RUBBER 254,436 195,858
    GREEN DOT 347,836 1,315,320
    GREENBRIER COS 343,947 602,718
    GROUP ONE AUTOMOTIVE 319,687 721,464
    HARLEY DAVIDSON 250,619 172,746
    HARTFORD FINANCIAL SERVICES 142,976 274,584
    HCA HOLDINGS 302,216 402,108
    HEWLETT PACKARD 122,486 225,060
    HMS HOLDINGS 562,983 800,815
    HOPE BANCORP 590,430 663,417
    HOSPITALITY PPTYS 139,002 129,376
    HP 74,042 191,261
    HUNTSMAN 200,036 333,424
    IBERIABANK 311,095 527,648
    ICONIX BRAND GROUP 406,822 78,622
    INGREDION 142,425 205,853
    INTEGER HOLDINGS 332,388 997,533
    INTEL 403,751 887,864
    INTERNATIONAL PAPER COMPANY 158,821 190,772
    ITRON 393,159 679,506
    J2 GLOBAL 190,028 596,144
    JOHNSON & JOHNSON 611,093 784,238
    JPMORGAN CHASE & CO 240,401 1,229,214
    JUNIPER NETWORKS 242,222 211,474
    KEYCORP 341,844 286,848
    KOHLS 225,660 279,540
    KROGER 186,437 226,710
    LA Z BOY 545,465 748,310
    LAM RESH 194,571 351,614
    LEAR 98,670 430,031
    LENNAR (A) 60,260 74,892
    LIFEPOINT HEALTH 696,473 916,614
    LINCOLN NATIONAL 234,289 324,944
    LITHIA MOTORS 184,699 776,466
    LOWES COS 156,189 164,860
    LYONDELLBASELL INDUSTRIES 253,165 285,471
    MACK CALI RLTY 95,524 72,114
    MACYS 164,687 74,568
    MAGELLAN HEALTH SERVICES 693,285 975,176
    MALLINCKRODT 56,654 13,000
    MARATHON PETE 28,634 299,640
    MATRIX SERVICE 1,049,894 1,101,100
    MCDERMOTT INTERNATIONAL 178,547 157,740
    MEDICAL PPTYS TR 187,587 176,364
    MERCK & CO 154,480 347,333
    METLIFE 90,153 176,379
    MGIC INVT 112,856 151,302
    MLP LAZARD 193,336 239,448
    MORGAN STANLEY 166,902 335,530
    NCR 131,418 138,465
    NEWFIELD EXPLORATION 111,005 122,180
    ON SEMICONDUCTOR 169,763 240,672
    OWENS & MINOR 1,125,389 778,863
    OWENS CORNING 134,276 163,725
    PACKAGING CORP AMER 71,917 127,259
    PACWEST BANCORP 117,038 595,050
    PBF ENERGY 160,662 214,648
    PENNYMAC MTG INVT TR 382,806 538,782
    PFIZER 441,378 922,572
    PHILLIPS 66 19,537 144,703
    PILGRIMS PRIDE 237,926 222,480
    PNC FINANCIAL SERVICES GROUP 62,679 305,781
    PNM RESOURCES 152,576 501,969
    PROASSURANCE 160,363 292,314
    PRUDENTIAL FINANCIAL 173,295 393,384
    PUB SERVICE ENTERPRISE GROUP 218,226 365,050
    QUALITY SYS 695,408 696,614
    RADIAN GROUP 114,590 101,530
    RED ROBIN GOURMET BURGERS 438,081 774,387
    REGIONS FINANCIAL 446,335 405,790
    RYDER SYS 122,310 128,117
    SABRA HEALTH CARE REIT 707,044 548,018
    SANMINA 117,124 135,700
    SCANSOURCE 624,765 689,430
    SEAGATE TECHNOLOGY 70,832 248,927
    SELECT MED HOLDINGS 369,492 818,387
    SELECTIVE INSURANCE GROUP 299,935 1,041,683
    SENIOR HOUSING PROPERTIES TR 134,230 96,534
    SMUCKER J M 146,940 159,712
    SPIRIT AEROSYSTEMS HOLDINGS 321,811 337,554
    STATE STREET 110,279 249,450
    STERLING BANCORP 344,853 753,374
    SUN TR BANKS 211,362 327,320
    SUPER VALU 286,904 35,510
    SYKES ENTERPRISES 472,922 650,925
    SYNAPTICS 852,660 900,211
    SYNCHRONOSS TECHNOLOGIES 1,294,218 684,432
    TARGET 243,965 290,400
    TEGNA 49,448 64,477
    TELEDYNE TECHNOLOGIES 175,523 826,938
    TETRA TECHNOLOGIES 149,238 642,268
    TIVO 1,320,002 1,333,510
    TOWER INTERNATIONAL 710,881 816,117
    TRAVELERS COMPANIES 97,102 289,520
    TRINSEO 169,027 175,080
    TRIUMPH GROUP 692,723 664,801
    TYSON FOODS 75,208 301,430
    ULTRA CLEAN HOLDINGS 809,878 1,327,433
    UNITED BANKSHARES 255,677 467,491
    UNITED CONTINENTAL HOLDINGS 129,632 195,866
    VALERO ENERGY 85,678 643,394
    VEREIT 122,694 104,720
    VERIZON COMMUNICATIONS 438,743 449,085
    VIACOM 246,307 105,560
    VISHAY INTERTECHNOLOGY 173,769 215,330
    WALLGREENS BOOTS ALLIANCE 465,376 438,570
    WASH FED 278,696 645,795
    WEBSTER FINANCIAL 317,968 878,774
    WELLS FARGO & CO 51,527 176,664
    WESTERN DIGITAL 75,457 181,217
    WESTROCK 40,515 41,708
    WEX 142,583 777,216
    WHIRLPOOL 111,724 247,920
    WORTHINGTON INDS 254,718 601,600
    WYNDHAM WORLDWIDE 114,725 194,157
    XEROX 128,923 190,272

    TY 2017 InvestmentsGovtObligationsSch
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    US Government Securities - End of Year Book Value:

    3,642,282
    US Government Securities - End of Year Fair Market Value:

    3,571,422
    State & Local Government Securities - End of Year Book Value:


    3,550,268
    State & Local Government Securities - End of Year Fair Market Value:


    3,645,098


    TY 2017 InvestmentsOtherSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADAMS STREET 2009 DIRECT FUND AT COST 170,957 293,739
    ADAMS STREET 2013 GLOBAL FUND AT COST 5,233,416 6,258,783
    ADAMS STREET CO - INVESTMENT FUND III A AT COST 3,956,518 4,864,955
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND AT COST 888,128 390,900
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND AT COST 2,773,668 1,827,099
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND AT COST 1,157,078 800,871
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND AT COST 2,652,126 1,936,761
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND AT COST 700,494 830,170
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND AT COST 301,135 439,647
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND AT COST 1,261,104 1,650,741
    ACADIAN INTERNATIONAL ALL CAP FUND AT COST 21,337,381 37,112,693
    CROWLEY BLUE WATER PARTNERS AT COST 110,000 105,880
    ISHARES TR EAFE SMALL CAP INDEX FUND AT COST 10,941,608 17,806,182
    ISHARES TR RUSSELL 1000 GROWTH INDEX FUND AT COST 8,168,226 17,964,199
    ISHARES TR RUSSELL MIDCAP INDEX FUND AT COST 16,650,337 34,721,498
    MSN 41079 & 41084 LDT SECD NT AT COST 109,680 105,076
    OVERSEAS PRIVATE INVT CORP US GOVT AT COST 171,658 168,929
    SAN CLEMENTE LEASING LLC SECD NT AT COST 63,831 63,882
    SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20F AT COST 18,495 19,909
    SMALL BUSINESS ADMIN GTD SER 2015-10A AT COST 224,771 220,016
    SMALL BUSINESS ADMIN GTD SER 2017-10A AT COST 268,769 264,962
    TAGUA LEASING LLC GTD SECD NT AT COST 128,036 122,706
    THE EMERGING WORLD INVESTORS LP AT COST 36,000,000 50,096,364
    U S DEPT HSG & URBAN DEV GOVT GTD PARTN SEC 108 HUD 2006-A AT COST 660,000 665,287
    VANGUARD REIT AT COST 12,810,919 14,920,276

    TY 2017 LandEtcSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 1,751,060 1,008,490 742,570 742,570
    FURNITURE & FIXTURES 272,088 197,475 74,613 74,613
    IMPROVEMENTS 375,811 279,477 96,334 96,334
    LAND 567,038 0 567,038 567,038


    TY 2017 LegalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 12,999 2,600   10,399


    TY 2017 OtherAssetsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT INCOME 495,713 513,284 513,284
    EXCISE TAX RECEIVABLE 0 37,000 37,000


    TY 2017 OtherExpensesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & MEMBERSHIPS 750 0   750
    POSTAGE 2,105 421   1,684
    SUPPLIES 23,867 4,773   19,094
    COMPUTER EXPENSE 16,607 3,321   13,286
    TELEPHONE 6,365 1,273   5,092
    UTILITIES 22,206 4,441   17,765
    INSURANCE 18,353 3,671   14,682
    REPAIRS & MAINTENANCE 24,960 4,992   19,968
    PROGRAM ADMINISTRATION 8,044 0   8,044
    PORTFOLIO DEDUCTIONS (FROM K-1'S) 0 1,053,138   0


    TY 2017 OtherIncomeSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ADAMS STREET 2009 DIRECT FUND LP   1,114  
    ADAMS STREET 2009 DIRECT FUND LP (UBI)   -996  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP   -7,808  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP (UBI)   -73  
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP   9,917  
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP (UBI)   1,639  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP   -12,007  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP (UBI)   -437  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP   23,103  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP (UBI)   -12,707  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP   5,225  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP (UBI)   -9,063  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP   297  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP (UBI)   -194  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP   -3,393  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP (UBI)   5,381  
    ACADIAN INTERNATIONAL ALL-CAP FUND   204,453  
    RECOVERED PRIOR YEAR GRANTS 657,510 0 657,510
    ADAMS STREET 2013 GLOBAL FUND LP   -40,775  
    ADAMS STREET 2013 GLOBAL FUND LP (UBI)   9,948  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP   -27,282  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP   25,788  
    THE EMERGING WORLD INVESTORS LP   5,204,416  


    TY 2017 OtherIncreasesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Amount
    ACCRUAL TO CASH CONVERSION 7,023,528


    TY 2017 OtherLiabilitiesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 89,000 0
    DEFERRED EXCISE TAX 1,601,000 1,918,000


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 1,095,152 1,095,152   0
    INVESTMENT CONSULTING FEES 51,000 51,000   0
    PROFESSIONAL CONSULTING FEES 6,000 1,200   4,800


    TY 2017 TaxesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 280,000 0   0
    FOREIGN TAX PAID 29,956 29,956   0
    FOREIGN TAX PAID (FROM K-1'S) 0 161,713   0