TY 2018 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2018

Open to Public Inspection

For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018

Name of foundation
THE FRANK AND MARGARET RACE
FOUNDATION INC

Number and street (or P.O. box number if mail is not delivered to street address)230 2ND STREET SE NO 200
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CEDAR RAPIDS, IA52401

A Employer identification number

42-0925360

B Telephone number (see instructions)

(319) 366-7300

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$1,996,996J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	347		347
4	Dividends and interest from securities...	35,773		35,773
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		63,856
b	Gross sales price for all assets on line 6a 847,812
7	Capital gain net income (from Part IV, line 2)...			63,856
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).......		0	9,136
12	Total. Add lines 1 through 11........	99,976		109,112
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		3,325	1,663	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		3,979	550	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	5,642		5,642	0
22	Printing and publications..........
23	Other expenses (attach schedule).......		19,704	19,704	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	32,650		27,559	0
25	Contributions, gifts, grants paid.......	103,575			103,575
26	Total expenses and disbursements. Add lines 24 and 25	136,225		27,559	103,575
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-36,249
b	Net investment income (if negative, enter -0-)			81,553
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2018)

Form 990-PF (2018)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	3,246	1,711	1,711
	2	Savings and temporary cash investments.........	139,864	89,289	89,289
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,953,420	1,759,657	1,759,657
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	204,925	146,339	146,339
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,301,455	1,996,996	1,996,996
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................	2,301,455	1,996,996
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	2,301,455	1,996,996
	31	Total liabilities and net assets/fund balances (see instructions).	2,301,455	1,996,996

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

2,301,455

Enter amount from Part I, line 27a .....................

-36,249

Other increases not included in line 2 (itemize) bullet

537

Add lines 1, 2, and 3 ..........................

2,265,743

Decreases not included in line 2 (itemize) bullet

268,747

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

1,996,996

Form 990-PF (2018)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	APPLIED MATERIALS INC	P	2018-01-12	2018-04-26
b	CANADIAN NATURAL RES LTD	P	2018-03-21	2018-10-11
c	CCELGENE CORP	P	2018-07-20	2018-12-27
d	X TRACKS MSCI EAFE ETF	P	2017-11-10	2018-03-07
e	FID MDCP STK	P	2018-06-15	2018-07-02
	FRK RISING DIV ADVS	P	2018-06-15	2018-04-26
	GILEAD SCIENCES INC	P	2017-08-31	2018-07-20
	NETFLIX INC	P	2018-06-15	2018-07-26
	NVIDIA CORP	P	2018-02-09	2018-11-16
	PROCTER & GAMBLE CO	P	2018-05-11	2018-07-20
	SPDR EURO STOXX 50 ETF	P	2017-10-12	2018-07-02
	SQUARE INC A	P	2018-09-25	2018-12-27
	VERIFONE SYSTEMS INC	P	2018-01-25	2018-03-28
	ALPHABET INC A	P	2013-06-13	2018-07-20
	AMGEN INC	P	2016-06-15	2018-04-26
	CERNER CORP	P	2016-06-15	2018-05-11
	FACEBOOK INC A	P	2016-06-15	2018-01-12
	FACEBOOK INC A	P	2016-06-15	2018-03-20
	FRK RISING DIV ADVS	P	2016-06-15	2018-04-26
	ISHS MSCI S AFRICA ETF	P	2009-03-25	2018-02-26
	FINL SEL SECT SPDR ETF	P	2013-12-12	2018-04-26
	ABERDN PHYS SWISS ETF	P	2016-06-15	2018-10-01
	ABERDN PHYS SWISS ETF	P	2016-06-15	2018-11-01
	ABERDN PHYS SWISS ETF	P	2016-06-15	2018-12-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-01-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-02-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-03-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-04-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-05-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-06-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-07-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-08-01
	ETFS GOLD TRUST ETF	P	2016-06-15	2018-09-01
	AT&T INC	P	2018-07-16	2018-10-26
	AMERICAN EXPRESS	P	2017-06-20	2018-01-19
	AMERICAN EXPRESS	P	2017-06-15	2018-04-20
	APPLE INC	P	2017-06-12	2018-06-08
	APPLE INC	P	2018-06-15	2018-08-03
	BEST BUY INC	P	2018-08-21	2018-10-04
	BOEING CO	P	2017-07-11	2018-01-09
	BOEING CO	P	2017-07-11	2018-02-15
	BOEING CO	P	2017-07-11	2018-04-16
	CALL ABBOTT LABORATORIES	P	2018-09-25	2018-10-19
	CALL AMERICAN EXPRESS CO	P	2018-03-06	2018-03-06
	CALL AMERICAN EXPRESS CO	P	2018-03-05	2018-03-23
	CALL AMERICAN EXPRESS CO	P	2018-10-01	2018-10-01
	CALL APPLE INC	P	2018-02-15	2018-03-09
	CALL APPLE INC	P	2018-04-11	2018-04-11
	CALL APPLE INC	P	2018-05-11	2018-05-11
	CALL APPLE INC	P	2018-05-03	2018-05-03
	CALL BEST BUY INC	P	2018-08-23	2018-08-31
	CALL CATERPILLAR INC	P	2018-10-19	2018-10-19
	CALL CATERPILLAR INC	P	2018-07-06	2018-07-06
	CALL CATERPILLAR INC	P	2018-08-27	2018-08-27
	CALL CATERPILLAR INC	P	2018-08-24	2018-09-14
	CALL CATERPILLAR INC	P	2018-08-01	2018-08-01
	CALL CATERPILLAR INC	P	2018-08-03	2018-08-03
	CALL CATERPILLAR INC	P	2018-10-18	2018-10-18
	CALL CATERPILLAR INC	P	2018-07-26	2018-07-26
	CALL CATERPILLAR INC	P	2018-03-02	2018-03-16
	CALL CATERPILLAR INC	P	2018-10-15	2018-10-15
	CALL CATERPILLAR INC	P	2018-04-17	2018-04-27
	CALL CATERPILLAR INC	P	2018-05-14	2018-06-08
	CALL CATERPILLAR INC	P	2018-03-05	2018-03-05
	CALL CATERPILLAR INC	P	2018-02-08	2018-02-08
	CALL CATERPILLAR INC	P	2018-01-26	2018-01-26
	CALL CHEVRON CORP	P	2018-10-15	2018-10-15
	CALL CHEVRON CORP	P	2018-11-05	2018-11-30
	CALL CHEVRON CORPORATION	P	2018-02-12	2018-03-16
	CALL CHEVRON CORPORATION	P	2018-04-27	2018-05-18
	CALL CHEVRON CORPORATION	P	2018-05-21	2018-06-15
	CALL CSX CORP	P	2018-10-17	2018-11-02
	CALL CSX CORP	P	2018-06-13	2018-07-20
	CALL CSX CORP	P	2018-07-24	2018-08-17
	CALL CSX CORP	P	2018-08-20	2018-09-21
	CALL CSX CORP	P	2018-10-18	2018-10-18
	CALL DOWDUPONT INC	P	2018-11-02	2018-11-23
	CALL DOWDUPONT INC	P	2018-04-02	2018-04-02
	CALL DOWDUPONT INC	P	2018-10-10	2018-10-10
	CALL DOWDUPONT INC	P	2018-04-12	2018-05-04
	CALL DOWDUPONT INC	P	2018-03-26	2018-03-26
	CALL DOWDUPONT INC	P	2018-07-10	2018-08-03
	CALL HOME DEPOT INC	P	2018-03-05	2018-03-23
	CALL HOME DEPOT INC	P	2018-03-06	2018-03-06
	CALL HOME DEPOT INC	P	2018-08-13	2018-08-17
	CALL HOME DEPOT INC	P	2018-01-22	2018-02-16
	CALL INTEL CORP	P	2018-09-12	2018-09-12
	CALL INTEL CORP	P	2018-08-31	2018-08-31
	CALL INTEL CORPORATION	P	2018-02-28	2018-02-28
	CALL JP MORGAN CHASE	P	2018-07-30	2018-08-24
	CALL JOHNSON & JOHNSON	P	2018-02-26	2018-02-26
	CALL JOHNSON & JOHNSON	P	2018-03-15	2018-03-15
	CALL JOHNSON & JOHNSON	P	2018-03-20	2018-03-20
	CALL JOHNSON & JOHNSON	P	2018-03-19	2018-04-20
	CALL JP MORGAN CHASE & CO	P	2018-01-16	2018-02-16
	CALL MCDONALDS CORP	P	2018-03-15	2018-03-15
	CALL MEDTRONIC PLC	P	2018-02-07	2018-03-02
	CALL MICROSOFT CORP	P	2018-02-07	2018-03-16
	CALL MICROSOFT CORP	P	2018-01-25	2018-02-02
	CALL MICROSOFT CORP	P	2018-04-10	2018-04-27
	CALL MICROSOFT CORP	P	2018-07-19	2018-07-20
	CALL MICROSOFT CORP	P	2018-08-15	2018-08-15
	CALL MICROSOFT CORP	P	2018-08-14	2018-09-14
	CALL MICROSOFT CORP	P	2018-11-07	2018-11-30
	CALL MICROSOFT CORP	P	2018-10-16	2018-10-26
	CALL MICROSOFT CORP	P	2018-10-17	2018-10-17
	CALL MORGAN STANLEY	P	2018-08-13	2018-08-13
	CALL NIKE INC	P	2018-07-02	2018-07-02
	CALL NIKE INC	P	2018-06-29	2018-07-06
	CALL NIKE INC	P	2018-08-06	2018-08-31
	CALL OCCIDENTAL PETROL	P	2018-10-24	2018-10-24
	CALL OCCIDENTAL PETROL	P	2018-10-16	2018-10-16
	CALL OCCIDENTAL PETROL	P	2018-10-12	2018-10-12
	CALL PEPSICO INCORPORATED	P	2018-03-01	2018-03-01
	CALL PEPSICO INCORPORATED	P	2018-03-15	2018-03-15
	CALL PEPSICO INCORPORATED	P	2018-03-20	2018-03-20
	CALL PEPSICO INCORPORATED	P	2018-04-03	2018-04-03
	CALL PHILIP MORRIS INTL	P	2018-10-19	2018-11-16
	CALL PROCTOR & GAMBLE	P	2018-08-03	2018-08-17
	CALL SOUTHERN CO	P	2018-08-06	2018-08-06
	CALL TJX COMPANIES INC	P	2018-07-12	2018-07-12
	CALL UNITED TECHNOLOGIES	P	2018-05-21	2018-06-15
	CALL UNITED TECHNOLOGIES	P	2018-02-22	2018-03-16
	CALL VALERO ENERGY CORP	P	2018-03-21	2018-04-06
	CALL VALERO ENERGY CORP	P	2018-04-19	2018-04-19
	CALL VALERO ENERGY CORP	P	2018-02-12	2018-03-02
	CALL VALERO ENERGY CORP	P	2018-02-06	2018-02-06
	CALL VALERO ENERGY CORP	P	2018-01-26	2018-01-26
	CALL VALERO ENERGY CORP	P	2018-02-02	2018-02-02
	CALL VISA INC	P	2018-02-16	2018-03-16
	CALL VISA INC	P	2018-07-31	2018-08-17
	CALL VISA INC	P	2018-10-31	2018-11-23
	CALL VISA INC	P	2018-10-16	2018-10-26
	CALL VISA INC	P	2018-08-01	2018-08-01
	CALL WALMART STORES	P	2018-02-21	2018-03-16
	CALL WALMART STORES	P	2018-02-22	2018-02-22
	CALL WALMART STORES	P	2018-11-07	2018-11-23
	CATERPILLAR INC	P	2017-06-30	2018-01-09
	CME GROUP INC	P	2017-06-15	2018-02-06
	CME GROUP INC	P	2018-06-07	2018-08-01
	DOMINION ENERGY INC	P	2017-06-15	2018-04-12
	DOWDUPONT INC	P	2017-06-27	2018-03-20
	GOLDMAN SACHS GROUP	P	2017-06-15	2018-05-16
	GOLDMAN SACHS GROUP	P	2018-10-30	2018-12-04
	HOME DEPOT INC	P	2017-10-23	2018-10-18
	HP INC	P	2018-03-09	2018-03-23
	IBM CORP	P	2018-05-01	2018-08-27
	IBM CORP	P	2018-06-15	2018-10-18
	INTEL CORP	P	2018-02-09	2018-03-15
	INTEL CORP	P	2018-02-09	2018-03-16
	INTEL CORP	P	2018-07-30	2018-09-21
	INTEL CORP	P	2018-07-30	2018-09-21
	JOHNSON & JOHNSON	P	2017-07-05	2018-05-07
	JOHNSON & JOHNSON	P	2017-06-15	2018-05-25
	MCDONALDS CORP	P	2017-06-15	2018-03-16
	MEDTRONIC PLC	P	2017-09-18	2018-03-26
	MORGAN STANLEY	P	2018-06-15	2018-08-20
	NIKE INC	P	2018-05-16	2018-09-12
	NIKE INC	P	2018-05-16	2018-09-14
	OCCIDENTAL PETROL CO	P	2018-07-17	2018-10-24
	PEPSICO INC	P	2017-08-24	2018-06-22
	PEPSICO INC	P	2018-06-15	2018-07-26
	PHILIP MORRIS INTL	P	2018-09-21	2018-12-19
	PROCTER & GAMBLE	P	2017-08-18	2018-02-05
	PROCTER & GAMBLE	P	2018-03-27	2018-11-06
	PROCTER & GAMBLE	P	2018-03-27	2018-11-30
	QUALCOMM INC	P	2018-10-23	2018-11-08
	SOUTHERN CO	P	2018-04-12	2018-08-22
	TJX COMPANIES INC	P	2018-04-16	2018-07-19
	TJX COMPANIES INC	P	2018-04-16	2018-07-20
	TRAVELERS COMPANIES	P	2018-04-24	2018-06-21
	UNITED TECHNOLOGIES	P	2018-06-15	2018-07-20
	UNITED TECHNOLOGIES	P	2018-03-26	2018-07-24
	VALERO ENERGY CORP	P	2017-07-28	2018-02-15
	VALERO ENERGY CORP	P	2017-06-15	2018-04-27
	VERIZON COMMUNICATION	P	2018-08-06	2018-09-07
	VERIZON COMMUNICATION	P	2018-08-06	2018-09-07
	VERIZON COMMUNICATION	P	2018-08-06	2018-09-07
	WALMART STORES	P	2017-11-20	2018-10-30
	AT&T INC	P	2017-06-15	2018-10-26
	APPLE INC	P	2016-06-15	2018-06-08
	CATERPILLAR INC	P	2017-06-30	2018-10-25
	GOLDMAN SACHS GROUP	P	2017-01-20	2018-04-16
	GOLDMAN SACHS GROUP	P	2017-01-20	2018-04-24
	HOME DEPOT INC	P	2017-10-02	2018-10-04
	HOME DEPOT INC	P	2017-10-02	2018-10-18
	JP MORGAN CHASE & CO	P	2016-12-23	2018-02-15
	JP MORGAN CHASE & CO	P	2016-06-15	2018-10-12
	PROCTER & GAMBLE	P	2017-01-09	2018-02-05
	VISA INC	P	2017-02-03	2018-08-28
	WALMART STORES	P	2016-06-15	2018-10-30
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	17,120	18,410	-1,290
b	16,814	18,138	-1,324
c	6,157	8,479	-2,322
d	17,627	18,276	-649
e	37,233	37,618	-385
	2,593	2,566	27
	7,692	8,313	-621
	27,684	24,326	3,358
	12,410	17,025	-4,615
	15,743	14,676	1,067
	16,637	18,135	-1,498
	11,568	19,477	-7,909
	24,689	28,029	-3,340
	19,240	7,008	12,232
	22,453	20,502	1,951
	24,276	19,983	4,293
	22,784	11,498	11,286
	49,951	31,868	18,083
	69,194	56,503	12,691
	11,186	5,823	5,363
	8,289	6,360	1,929
	4		4
	5		5
	5		5
	5		5
	5		5
	5		5
	5		5
	5		5
	6		6
	5		5
	5		5
	5		5
	1,753	1,929	-176
	5,840	4,970	870
	10,001	8,746	1,255
	4,816	3,621	1,195
	17,610	16,257	1,353
	8,804	9,774	-970
	1,566	1,034	532
	1,751	1,034	717
	4,953	3,102	1,851
	22		22
	27	9	18
	32		32
	67	30	37
	56		56
	64	26	38
	32	525	-493
	75	7	68
	87		87
	572	275	297
	224	114	110
	39	20	19
	64		64
	182	38	144
	87	42	45
	231	130	101
	34	8	26
	32		32
	47	11	36
	43		43
	46		46
	54	11	43
	29	9	20
	22	6	16
	58	13	45
	44		44
	29		29
	19		19
	39		39
	255		255
	25		25
	22		22
	26		26
	47	8	39
	46		46
	382	204	178
	23	9	14
	21		21
	18	11	7
	22		22
	49		49
	63	13	50
	61		61
	36		36
	195	12	183
	33	8	25
	41	346	-305
	28		28
	196	282	-86
	139	172	-33
	174	138	36
	142		142
	27		27
	59	422	-363
	45		45
	26		26
	24		24
	30		30
	21		21
	18		18
	37		37
	49		49
	44		44
	42	12	30
	32	8	24
	26	26	0
	22		22
	30		30
	106	23	83
	114	53	61
	22	10	12
	74	150	-76
	94	170	-76
	160	73	87
	74	24	50
	54		54
	22		22
	44	13	31
	102	160	-58
	21		21
	32		32
	42		42
	36	390	-354
	41		41
	68	32	36
	22	15	7
	98	8	90
	30		30
	28		28
	58		58
	48		48
	34	12	22
	24		24
	29	6	23
	65		65
	3,324	2,161	1,163
	12,888	11,766	1,122
	6,461	6,876	-415
	8,718	10,608	-1,890
	1,980	1,900	80
	9,646	9,729	-83
	8,291	9,826	-1,535
	8,111	7,458	653
	4,427	4,946	-519
	6,584	6,528	56
	8,444	9,524	-1,080
	501	430	71
	10,061	8,593	1,468
	222	240	-18
	9,097	9,576	-479
	4,928	5,363	-435
	9,086	10,253	-1,167
	15,889	15,641	248
	8,043	8,662	-619
	11,073	12,869	-1,796
	2,458	2,144	314
	8,074	7,145	929
	8,022	9,519	-1,497
	5,955	6,408	-453
	9,757	9,793	-36
	8,743	10,015	-1,272
	4,075	4,644	-569
	898	783	115
	9,429	7,825	1,604
	8,385	9,683	-1,298
	9,247	9,115	132
	963	830	133
	9,567	8,301	1,266
	8,621	9,282	-661
	12,738	11,950	788
	2,652	2,511	141
	1,370	1,002	368
	10,821	6,877	3,944
	538	527	11
	2,423	2,373	50
	5,287	5,273	14
	2,018	1,924	94
	7,012	9,421	-2,409
	14,447	11,084	3,363
	4,055	3,781	274
	3,865	3,655	210
	4,827	4,873	-46
	9,915	8,213	1,702
	901	821	80
	1,711	1,303	408
	4,270	3,575	695
	4,075	4,226	-151
	2,167	1,294	873
	4,035	3,273	762
	1,748		1,748

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			-1,290
b			-1,324
c			-2,322
d			-649
e			-385
			27
			-621
			3,358
			-4,615
			1,067
			-1,498
			-7,909
			-3,340
			12,232
			1,951
			4,293
			11,286
			18,083
			12,691
			5,363
			1,929
			4
			5
			5
			5
			5
			5
			5
			5
			6
			5
			5
			5
			-176
			870
			1,255
			1,195
			1,353
			-970
			532
			717
			1,851
			22
			18
			32
			37
			56
			38
			-493
			68
			87
			297
			110
			19
			64
			144
			45
			101
			26
			32
			36
			43
			46
			43
			20
			16
			45
			44
			29
			19
			39
			255
			25
			22
			26
			39
			46
			178
			14
			21
			7
			22
			49
			50
			61
			36
			183
			25
			-305
			28
			-86
			-33
			36
			142
			27
			-363
			45
			26
			24
			30
			21
			18
			37
			49
			44
			30
			24
			0
			22
			30
			83
			61
			12
			-76
			-76
			87
			50
			54
			22
			31
			-58
			21
			32
			42
			-354
			41
			36
			7
			90
			30
			28
			58
			48
			22
			24
			23
			65
			1,163
			1,122
			-415
			-1,890
			80
			-83
			-1,535
			653
			-519
			56
			-1,080
			71
			1,468
			-18
			-479
			-435
			-1,167
			248
			-619
			-1,796
			314
			929
			-1,497
			-453
			-36
			-1,272
			-569
			115
			1,604
			-1,298
			132
			133
			1,266
			-661
			788
			141
			368
			3,944
			11
			50
			14
			94
			-2,409
			3,363
			274
			210
			-46
			1,702
			80
			408
			695
			-151
			873
			762
			1,748

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	63,856
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 ...................		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? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2017	104,650	2,019,509	0.051820
2016	97,678	1,605,855	0.060826
2015	89,764	1,339,023	0.067037
2014	63,647	1,327,796	0.047934
2013	37,500	1,063,289	0.035268

Total of line 1, column (d) .....................

0.262885

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 ......

0.052577

Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......

2,108,331

Multiply line 4 by line 3......................

110,850

Enter 1% of net investment income (1% of Part I, line 27b)...........

816

Add lines 5 and 6........................

111,666

Enter qualifying distributions from Part XII, line 4,.............

103,575

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2018)

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 and enter “N/A" on line 1.
	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	1,631
	hereand 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	1,631
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	1,631
6	Credits/Payments:

a	2018 estimated tax payments and 2017 overpayment credited to 2018	6a	2,160
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,160
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	529
11	Enter the amount of line 10 to be: Credited to 2019 estimated tax529	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions

for definition).................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2018)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

JOSEPH R RUSSO Telephone no. bullet

(319) 366-7300

Located at bullet

230 2ND STREET SE SUITE 200CEDAR RAPIDSIA ZIP+4 bullet

52401

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

16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2018?.............

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)):

At the end of tax year 2018, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2018?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2018.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?

Form 990-PF (2018)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
JOSEPH R RUSSO	PRESIDENT 1.00	0	0	0
230 2ND ST SE CEDAR RAPIDS,IA52401	PRESIDENT 1.00	0	0	0
ALAN BRINKMAN	SEC'Y/TREAS 1.00	0	0	0
2335 LINDEN DR SE CEDAR RAPIDS,IA52403	SEC'Y/TREAS 1.00	0	0	0
DAWN MCDANIEL	BOARD MEMBER 1.00	0	0	0
425 SE 19TH ST CAPE CORAL,FL33990	BOARD MEMBER 1.00	0	0	0
SUSIE HARRISON	BOARD MEMBER 1.00	0	0	0
46-560A ARAPHOE INDIAN WELLS,CA92210	BOARD MEMBER 1.00	0	0	0
TONI BAIN	BOARD MEMBER 1.00	0	0	0
230 2ND ST SE CEDAR RAPIDS,IA52401	BOARD MEMBER 1.00	0	0	0

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
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2018)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2018)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,964,657

Average of monthly cash balances.......................

175,781

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

2,140,438

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

2,140,438

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

32,107

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

2,108,331

Minimum investment return. Enter 5% of line 5..................

105,417

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

105,417

Tax on investment income for 2018 from Part VI, line 5......

1,631

Income tax for 2018. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

1,631

Distributable amount before adjustments. Subtract line 2c from line 1............

103,786

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

103,786

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

103,786

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

103,575

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

103,575

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

103,575

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2018)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2017	(c) 2017	(d) 2018
1 Distributable amount for 2018 from Part XI, line 7					103,786
2 Undistributed income, if any, as of the end of 2018:
a Enter amount for 2017 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2018:
a From 2013......
b From 2014......	1,542
c From 2015......	23,605
d From 2016......	17,605
e From 2017......	5,834
fTotal of lines 3a through e........		48,586
4Qualifying distributions for 2018 from Part
XII, line 4: $ 103,575
a Applied to 2017, 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 2018 distributable amount.....					103,575
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2018.		211			211
(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		48,375
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 2017. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2018. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2019 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2013 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2019. Subtract lines 7 and 8 from line 6a ......		48,375
10 Analysis of line 9:
a Excess from 2014....	1,331
b Excess from 2015....	23,605
c Excess from 2016....	17,605
d Excess from 2017....	5,834
e Excess from 2018....

Form 990-PF (2018)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2018	(b) 2017	(c) 2016	(d) 2015	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2018)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ALL NATIONS FAMILY PO BOX 55 GRANDVIEW,MO64030	N/A	PUBLIC CHARITY	EMERGENCY FUND - WEIGELT FAMILY	7,000
HARVESTERS 2001 WEST PLANO PARKWAY STE 3432 PLANO,TX75075	N/A	PUBLIC CHARITY	MISSIONAIRIES LANCE & KIM LEPP - SUPPORT	10,000
HIS HANDS PO BOX 339 CEDAR RAPIDS,IA52406	N/A	PUBLIC CHARITY	FREE MEDICAL CLINIC - MEDICATION FUND SUPPORT	5,000
HOUSE OF HOPE 1744 2ND AVE SE CEDAR RAPIDS,IA52403	N/A	PUBLIC CHARITY	GENERAL SUPPORT	3,500
INTERVARSITY CHRISTIAN FELLOWSHIP PO BOX 7895 MADISON,WI537077895	N/A	PUBLIC CHARITY	JULIE HUNTER - CREIGHTON UNIVERSITY	5,000
JESUS FILM PROJECT PO BOX 628222 ORLANDO,FL328628222	N/A	PUBLIC CHARITY	FILM PRODUCTION SUPPORT	4,000
NARRAMORE CHRISTIAN FOUNDATION 250 WEST COLORADO BLVD SUITE 200 ARCADIA,CA91007	N/A	PUBLIC CHARITY	COUNSELING MISSIONARIES SUPPORT - JOHN & BECKY LEVERINGTON	4,050
NEW MISSION SYSTEMS INTERNATIONAL (JPL BIBLE CHURCH) 2701 S CLEVELAND AVE SUITE 200 FORT MYERS,FL33901	N/A	PUBLIC CHARITY	MISSIONARY SUPPORT - JUSTIN HANNEKAN FAMILY	2,500
PIONEER BIBLE TRANSLATORS 2508 ROGERS BLVD MANHATTAN,KS66502	N/A	PUBLIC CHARITY	TODD & ANGELA OWENS - TRANSLATION AND COURSE MATERIALS	17,500
SALVATION ARMY 3180 ESTEY AVENUE NAPLES,FL34104	N/A	PUBLIC CHARITY	HURRICANE MICHAEL RECOVERY SUPPORT	10,000
SAMARITAN'S PURSE PO BOX 3000 BOONE,NC28607	N/A	PUBLIC CHARITY	HURRICANE MICHAEL RECOVERY SUPPORT	10,000
SPRINGS OF LIFE FOURSQUARE CHURCH 2300 26TH ST NW CEDAR RAPIDS,IA52405	N/A	PUBLIC CHARITY	TIM PHILLIPS AIRFAIR AND CRUSADE EXPENSES	2,525
TEEN CHALLENGE PO BOX 60802 FORT MYERS,FL33906	N/A	PUBLIC CHARITY	SW FLORIDA MEN'S HOME	10,000
YWAM PO BOX 3000 GARDEN VALLEY,TX75771	N/A	PUBLIC CHARITY	JIM & ANNA ROGERS - SCRIPTURE TRANSLATION	12,500
Total ................................. 3a				103,575

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2018)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
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	347
4 Dividends and interest from securities....			14	35,773
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	63,856
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		99,976	0

13Total. Add line 12, columns (b), (d), and (e)..................

99,976

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2018)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2018)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2018 AccountingFeesSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	3,325	1,663		0

- TIN:

TY 2018 InvestmentsCorpStockSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK	1,759,657	1,759,657

- TIN:

TY 2018 InvestmentsOtherSchedule2

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ANNUITY CONTRACT	FMV	108,638	108,638
INVENTRUST PROPERTIES	FMV	23,447	23,447
COMMONWEALTH INCOME & GROWTH	FMV	11,790	11,790
HIGHLANDS REIT	FMV	2,464	2,464

- TIN:

TY 2018 OtherDecreasesSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Description	Amount
CURRENT YEAR CHANGE IN UNREALIZED GAIN/LOSS IN FMV OF INVESTMENTS	268,747

- TIN:

TY 2018 OtherExpensesSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	19,640	19,640		0
BANK FEES	64	64		0

- TIN:

TY 2018 OtherIncomeSchedule2

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ANNUITY PAYMENT		9,017
COMMONWEALTH INCOME AND GROWTH FUND VI		119

- TIN:

TY 2018 OtherIncreasesSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Description	Amount
NONDIVIDEND DISTRIBUTIONS	537

- TIN:

TY 2018 TaxesSchedule

Name:

THE FRANK AND MARGARET RACE

FOUNDATION INC

EIN:

42-0925360

Category	Amount	Net Investment Income
FOREIGN TAXES	550	550
2018 EXCISE TAX BALANCE DUE	1,269	0
2018 EXCISE TAX ESTIMATED PAYMENTS	2,160	0