Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
FARRER ENDOWMENT FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 1567
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MASON CITY, IA504021567
A Employer identification number

42-1214699
B Telephone number (see instructions)

(641) 423-5154
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$5,624,889J 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      
4 Dividends and interest from securities... 191,930 191,930  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 153,861
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 191,930 345,791 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 17,942 17,942   17,942
b Accounting fees (attach schedule)....... 0      
c Other professional fees (attach schedule).... 0      
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,152      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 0      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,094 17,942   17,942
25 Contributions, gifts, grants paid....... 286,600 286,600
26 Total expenses and disbursements. Add lines 24 and 25 312,694 17,942   304,542
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -120,764
b Net investment income (if negative, enter -0-) 327,849
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 4,741 12,244 12,244
2 Savings and temporary cash investments......... 301,449 220,434 220,431
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 79,575 Click to see attachment71,456 45,371
b Investments—corporate stock (attach schedule)....... 3,572,280 Click to see attachment3,836,895 4,008,626
c Investments—corporate bonds (attach schedule)....... 1,598,557 Click to see attachment1,443,870 1,338,217
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,556,602 5,584,899 5,624,889
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) Click to see attachment-3,600 Click to see attachment-8,400
23 Total liabilities (add lines 17 through 22)......... -3,600 -8,400
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 5,560,202 5,593,299
30 Total net assets or fund balances (see instructions)..... 5,560,202 5,593,299
31 Total liabilities and net assets/fund balances (see instructions). 5,556,602 5,584,899
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,560,202
2
Enter amount from Part I, line 27a .....................
2
-120,764
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
153,861
4
Add lines 1, 2, and 3 ..........................
4
5,593,299
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
5,593,299
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 100 FIRST TRUST HI YLD #2 P 2012-02-22 2018-02-21
b 365 SH EXXON MOBIL P 2005-09-13 2018-05-15
c 200 SH FIRST TRUST PORT #3 P 2012-02-23 2018-08-20
d 50 SH ADVISORS ASSET MGMT #42 P 2001-12-22 2018-08-22
e 201 SH ADVISORS ASSET MGMT #46 P 2012-02-02 2018-08-22
GOLDMAN SACS P 2018-06-05 2018-12-12
CAPITAL GAIN DIVIDENDS P 2017-12-31 2018-12-31
(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 3,936 0 9,409 -5,473
b 29,410 0 22,743 6,667
c 8,758 0 26,905 -18,147
d 2,488 0 6,069 -3,581
e 10,430 0 38,503 -28,073
0 0 505 -505
202,973 0 0 202,973
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 0 0 0 -5,473
b 0 0 0 6,667
c 0 0 0 -18,147
d 0 0 0 -3,581
e 0 0 0 -28,073
0 0 0 -505
0 0 0 202,973
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 2 153,861
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 -505
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 291,392 5,901,606 0.049375
2016 302,051 5,562,263 0.054304
2015 302,767 5,694,577 0.053168
2014 285,998 5,846,613 0.048917
2013 251,326 5,524,231 0.045495
2
Total of line 1, column (d) .....................
2
0.251259
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
0.050252
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
5,986,110
5
Multiply line 4 by line 3......................
5
300,814
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
3,278
7
Add lines 5 and 6........................
7
304,092
8
Enter qualifying distributions from Part XII, line 4,.............
8
304,542
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 3,278
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 3,278
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 3,278
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,400
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -8400 7 8,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1
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 5,121
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet5,121 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHEINY LAW FIRM PLC Telephone no.bullet (641) 423-5154

    Located atbullet11 FOURTH ST NEMASON CITYIA ZIP+4bullet50401
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    COLLIN DAVISON PRESIDENT
    7.00     		0 0 0
    MASON
    CITY,IA50401
    FRANK B INGHRAM V-P, TREASURER
    12.00     		0 0 0
    MASON
    CITY,IA50401
    GERALD M STAMBAUGH SEC'Y
    7.00     		0 0 0
    MASON
    CITY,IA50401
    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...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,069,071
    b
    Average of monthly cash balances.......................
    1b
    8,198
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,077,269
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    6,077,269
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    91,159
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,986,110
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    299,306
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    299,306
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    3,278
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    3,278
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    296,028
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    296,028
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    296,028
    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
    304,542
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    304,542
    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
    3,278
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    301,264
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 296,028
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 189,574
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 304,542
    a Applied to 2017, but not more than line 2a 189,574
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 114,968
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    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......     		 
    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 ..........     		181,060
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    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:
    GERALD M STAMBAUGH SECRETARY
    P O BOX 1567
    MASON CITY,IA504021567
    (641) 423-5154
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN REQUEST IN SPECIFIC FORM
    cAny submission deadlines:
    JANUARY THRU APRIL 30 EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    TLC BROADCASTING CORPORATION
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 DIGITALCONVERSION 15,000
    CHARLIE BROWN PRESCHOOL
    600 FIRST STREET N W
    MASON CITY,IA50401     		  501C3 IMPROVEMENTS TOMASON CITY & CLEAR LAKE LOCATIONS 7,500
    COMMUNITY KITCHEN N I
    P O BOX 58
    MASON CITY,IA50402     		  501C3 FOOD & SUPPLIES 4,500
    MEALS ON WHEELS
    P O BOX 58
    MASON CITY,IA50402     		  501C3 MEAL EXPENSE FOR DELIVERY 4,000
    YOUTH AND SHELTER SERVICES
    50 NORTH EISENHOWER AVE
    MASON CITY,IA50401     		  501C3 ON-GOING SUPPORT 20,000
    NIACC FOUNDATION
    500 COLLEGE DRIVE
    MASON CITY,IA50401     		  501C3 KEEPING NIACCFIRST CAMPAIGNFARRER SCHOLARSHIP 30,000
    NORTH IOWA VOCATIONAL CENTER INC
    1225 SOUTH HARRISON AVE
    MASON CITY,IA50401     		  501C3 COMMUNITY CONNECTIONSYOUNG ADULTPROGRAMS 6,000
    NORTH CENTRAL IA AG IN THE CLASS PROGRAM
    65 STATE STREET PO BOX 68
    GARNER,IA504380068     		  501C3 AGRICULTURE EDUCATION 2,000
    NORTH IOWA BAND FESTIVAL FD
    9 FEDERAL AVE N
    MASON CITY,IA50401     		  501C3 TRAVEL STIPENDS FOR HIGH SCHOOLMARCHING BANDS 7,000
    HANCOCK CO AGRICULTURAL MUSEUM
    2090 JAMES AVENUE
    BRITT,IA50423     		  501C3 BUILDINGADDITION 2,000
    CITY OF MASON CITY PD
    303 2ND ST SE
    MASON CITY,IA50401     		  501C3 UPGRADE SOFTINTERVIEWROOM 1,000
    CITY OF SWALEDALE FD
    3 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 PURCHASE 4 NEW SETS OF STRUCTURALFIRE FIGHTING GEAR 5,000
    NIAD CENTER FOR HUMAN DEV
    P O BOX 656
    MASON CITY,IA50402     		  501C3 ENHANCE ACCESSIBILITYTO MAIN OFFICE 7,500
    NORTH IOWA COMMUNITY ACTION
    P O BOX 1627
    MASON CITY,IA50401     		  501C3 SUPPORT SELFSUFFICIENCY PROGRAM 35,000
    WINNEBAGO HISTORIAL SOCIETY
    P O BOX 27
    FOREST CITY,IA504360027     		  501C3 CONVERSION OFYARD LIGHTS TOLED 3,000
    CITY OF MASON CITY
    NORTH IOWA DIVERSITY TEAM
    MASON CITY,IA50401     		  501C3 ART/WRITINGCONTEST 500
    RIVER CITY SOCIETY FOR HISTORIC PRESERVATION
    431 1ST STREET SE
    MASON CITY,IA50401     		  501C3 FENCE 2,000
    LUTHERAN SERVICES IN IOWA INC
    3116 UNIVERSITY AVE
    DES MOINES,IA50311     		  501C3 SUPPORT EARLYCHILDHOODPROGRAM 5,000
    MASON CITY PUBLIC LIBRARY FDN
    225 2ND ST SE
    MASON CITY,IA50401     		  501C3 YOUTH SERVICESPROGRAMMING 1,500
    NEWMAN CATHOLIC SCHOOLS
    2445 19TH ST SW
    MASON CITY,IA50401     		  501C3 PURCHASE I-PADS FOR PRE-KCLASSROOM 3,800
    CITY OF ROCKWELL FIRE DEPT
    213 JEFFERSON STREET
    ROCKWELL,IA50469     		  501C3 PURCHASE FIRE HOSESFITTINGS ANDNOZZLES 2,500
    CITY OF MASON CITY
    78 S GEORGIA
    MASON CITY,IA50401     		  501C3 REPLACE LIGHTS ATTACHED TO RIFLES 2,000
    NORTHERN LIGHTS ALLIANCE FOR THE HOMELESS INC
    202 1ST STREET N W
    MASON CITY,IA50401     		  501C3 OPERATIONS 5,000
    MOHAWK ARCHERY
    1603 PLYMOUTH RD
    MASON CITY,IA50401     		  501C3 PURCHASETARGET WALL 2,000
    ELDERBRIDGE AGENCY ON AGING
    22 NORTH GEORGIA AVE SUITE 216
    MASON CITY,IA50401     		  501C3 SUPPORT BENEFITENROLLMENT CTR 5,000
    MERCY MEDICAL CENTER FOUNDATION
    1000 4TH STREET S W
    MASON CITY,IA50401     		  501C3 SCHOLARSHIPS ANDSTUDENT LOANSFOR MERCY NURSES 10,000
    MASON CITY CHAMBER OF COMMERCE FDN
    9 NORTH FEDERAL AVENUE
    MASON CITY,IA50401     		  501C3 OPERATIONALEXPENSES 2,500
    RIVER CITY SCULPTURES ON PARADE INC
    9 NORTH FEDERAL AVENUE
    MASON CITY,IA50401     		  501C3 EXPAND MURALPROJECT 5,000
    CENTRAL GARDENS OF NORTH IOWA INC
    P O BOX 735
    CLEAR LAKE,IA50428     		  501C3 OPERATIONAL FUNDS 2,000
    CERRO GORDO COUNTY IOWA
    22 NORTH GEORGIA AVE
    MASON CITY,IA50401     		  501C3 SENIORHEALTHCLINICS 2,500
    CARING PREGNANCY CENTER INC
    830 15TH STREET SW
    MASON CITY,IA50401     		  501C3 PURCHASE ITEMSFOR BABY BUCKSPROGRAM 4,000
    THE SALVATION ARMY
    10755 BURR STREET
    OMAHA,NE68114     		  501C3 STEPPING UP BOOTS PROGRAM 2,000
    CITY OF SHEFFIELD PUBLIC LIBRARY
    P O BOX 616
    SHEFFIELD,IA504750616     		  501C3 NEW CARPET 1,000
    APPLE DAYCARE INC
    P O BOX 693
    SHEFFIELD,IA504750693     		  501C3 FURNITURE 1,300
    LINN GROVE RECREATION CENTER INC
    2 WALNUT COURT
    ROCKWELL,IA50469     		  501C3 UPGRADE ANDENHANCEMENTS 4,000
    HABITAT FOR HUMANITY OF NORTH CENTRAL IOWA INC
    517 1ST STREET NW
    MASON CITY,IA50401     		  501C3 PURCHASE MODULARRAMP 3,000
    WEST FORK COMMUNITY SCHOOL DISTRICT
    404 BRICKYARD ROAD
    SHEFFIELD,IA50475     		  501C3 UNIFORMS SUPPLIES 1,500
    BOY SCOUTS OF AMERICA
    2929 AIRPORT BLVD
    WATERLOO,IA50703     		  501C3 SUPPORT POSITIVEYOUTH ACTIVITIES 2,000
    UNITED WAY OF NORTH CENTRAL IOWA
    P O BOX 1465
    MASON CITY,IA504021465     		  501C3 UPGRADE PHONE SYSTEM 2,000
    FRIENDS OF THE 457 CITY OF MASON CITY
    365 SUMAC ROAD
    MASON CITY,IA50401     		  501C3 EXTENSION OFCANNONBALL GARDENS 5,000
    FRIENDS OF WINNEBAGO CO COUNTY CONSERVATION FD INC
    34496 110TH AVENUE
    FORSET CITY,IA50436     		  501C3 CONSTRUCTION OFEDUCATIONCENTER 10,000
    CHARLES CITY COMM DISTRICT
    500 NORTH GRAND AVENUE
    CHARLES CITY,IA50616     		  501C3 CONSTRUCT SOFTBALL AND BASEBALL FIELDS 10,000
    MASON CITY CHAMBER OF COMMERCE FD
    9 NORTH FEDERAL AVENUE
    MASON CITY,IA50401     		  501C3 FUNDING RESTORATIONOF EGLOFF HOUSE 5,000
    FOSSIL & PRAIRIE CENTER FD
    P O BOCX 54
    CHARLES CITY,IA50616     		  501C3 CABIN PROJECT 2,000
    CITY OF ROCKFORD PUBLIC LIBRARY
    202 WEST MAIN AVENUE
    ROCKFORD,IA50469     		  501C3 COMPLETIONS OFRENOVATIONS 2,500
    CLEAR LAKE ARTS COUNCIL
    17 SOUTH 4TH STREET
    CLEAR LAKE,IA50428     		  501C3 COMPLETION OFOUTDOOR COURTYARDAND STUDIO 1,000
    THE CHORAL MUSIC GUILD INC
    622 EAST STATE STREET
    MASON CITY,IA50401     		  501C3 TOWARDS 10% OFCOST OF GRANDPIANO 3,000
    MASON CITY FAMILY YMCA
    1840 SOUTH MONROE AVENUE
    MASON CITY,IA50401     		  501C3 EQUIPMENT FORYMCA KID FIT PROGRAM 2,000
    CITY OF BRITT IA
    804 1ST AVENUE NORTHWEST
    BRITT,IA50423     		  501C3 NEW PLAYGROUNDEQUIPMENT 5,000
    ONE VISION
    1200 NORTH 9TH STREET WEST
    CLEAR LAKE,IA50428     		  501C3 SUPPORT DEVELOPMENTOF LEADERS 10,000
    MANLY HEAT SOFTBALL
    402 4TH STREET NORTHEAST
    NORA SPRINGS,IA50458     		  501C3 SOFTBALLEQUIPMENT 2,000
    NORTH IOWA FAIR ASSOCIATION
    3799 4TH STREET SOUTHWEST
    MASON CITY,IA50401     		  501C3 AIR CONDITIONING SYSTEM FORALL SEASONS BUILDING 3,000
    ACCESS INCORPORATED
    20 5TH STREET NORTHWEST
    HAMPTON,IA50441     		  501C3 PURCHASE 4USED VEHICLES 2,000
    STEBENS CHILDRENS THEATRE
    616 NORTH DELAWARE AVENUE
    MASON CITY,IA50401     		  501C3 SCHOLARSHIPPROGRAM 2,500
    Total .................................bullet 3a 286,600
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         191,930
    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 ............     		         
    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)..     191,930
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    191,930
    (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.)
    4 INVESTMENT INCOME IS THE SOURCE FOR THE DISTRIBUTIONS TO 501(C)(3)
    4 ORGANIZATIONS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -8,400


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Name of Bond End of Year Book Value End of Year Fair Market Value
    VAN KAMPEN INCOME TRUSTS 43,47,49,74,75 161,229 185,253
    50 CLAYMORE SER GUG CORP SER 15 22,845 17,247
    50 CLAYMORE SER GUG CORP SER 17 28,815 21,931
    45 CLAYMORE SER GUG CORP SER 21 27,203 20,232
    62 CLAYMORE SER GUG CORP SER 24 52,829 43,887
    60 ADVISORS ASSET MGMT 59 19,712 13,744
    40 ADVISORS ASSET MGMT 62 14,747 10,346
    100 INVESCO INV GRD TR SER 16 95,534 87,802
    56 1ST TR PORT SER 7 44,834 35,454
    20 GUGG SHRT DUR HI YLD SER 29 9,136 6,548
    50 ADVISORS ASSET MGMT 73 31,030 23,172
    25 ADVISORS ASSET MGMT 77 21,783 17,749
    25 ADVISORS ASSET MGMT 88 27,056 22,268
    15 ADVISORS ASSET MGMT 89 14,878 13,028
    50 ADVISORS ASSET MGMT 91 53,978 50,311
    25 INVESCO INV GRADE SER 38 27,237 25,957
    25 ADVISORS ASSET MGMT 82 25,880 22,130
    5000 FIRST TRUST EQUITY INC 49 46,652 52,000
    39 INVESCO INV GRD TR SER 10 39,635 38,591
    20 INVESCO INV GRF TR SER 44 22,344 20,582
    20 ADVISORS ASSET MGMT 93 21,763 20,051
    50 ADVISORS ASSET MGMT 100 50,686 49,796
    40 ADVISORS ASSET MGMT SER 111C 40,966 38,127
    35 INVESCO INV GRD TR SER 55 36,565 34,867
    25 INVESCO INV GRF TR SER 14 25,532 24,574
    25 INVESCO INV GRD TR SER 57 27,124 25,231
    10 INVESCO AMER BDS SER 67 10,637 9,690
    20 ACT NAV HIGH INCOME 112 20,992 19,449
    25 ACT NAV HIGH INCOME 113 26,012 24,133
    25 FIRST TRUST HIGH INC SER 23 26,763 24,418
    35 FIRST TRUST PORT SER 25 36,916 32,942
    25 FIRST TRUST BOND SER 12 23,329 21,869
    25 INVESCO INV GRD TR SER 26 26,992 24,582
    30 INVESCO INV GRD TR SER 27 32,773 29,498
    25 INVESCO INV GRD TR SER 61 27,711 25,618
    3000 INVESCO EURO DIV 2017-2 29,818 26,820
    30 ADVISORS ASSET MGMT SER 104 30,421 28,459
    25 FIRST TRUST HIGH INC SER 26 25,680 24,058
    50 INVESCO INV GRD SER 30 53,494 48,772
    30 ADVISORS ASSET MGMT SER 128 30,290 27,743
    50 INVESCO CORP TR SER33C 52,049 49,288

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Name of Stock End of Year Book Value End of Year Fair Market Value
    300 SH CHEVRON CORPORATION 16,649 32,637
    500 SH EXXON MOBIL CORPORATION 31,153 34,095
    DAVIS NY VENTURE FUND 289,038 200,361
    DWS HIGH INCOME FUND A 155,347 112,729
    EURO PACIFIC GROWTH FD 75,715 62,315
    FRANKLIN UTILITY FUND 57,088 96,329
    GROWTH FUND OF AMERICA 248,043 297,530
    INCOME FUND OF AMERICA 372,235 436,857
    INVESTMENT CO OF AMERICA 434,191 482,630
    TEMPLETON GLOBAL GOVT FD 187,856 176,261
    TEMPLETON GLOB TOTAL FD A 175,000 161,645
    WASHINGTON MUTUAL FD 500,060 563,826
    FRANKLIN GROWTH FUND 112,047 225,296
    FRANKLIN INCOME FUND 230,856 217,398
    FRANKLIN SMALL CAP FUND 40,606 37,252
    1000 PS BUS PARKS 5.75% PFD 21,219 23,450
    1000 CAPITAL ONE PFD 6.2% 26,366 25,270
    1000 QWEST CORP PFD 6.625% 25,000 18,850
    1500 JP MORGAN PFD 6.1% 37,500 38,310
    1000 BANK OF AMERICA PFD 6.5% 25,000 25,380
    2000 WELLS FARGO PFD 6% 50,000 50,220
    INTL GROWTH & INC FD 100,014 99,051
    1000 CITIGROUP 6.3% PFD 26,769 25,500
    1000 HUNTINGTON BANC 6.25% PFD 26,970 24,820
    1000 U S CELLULAR CORP PFD 27,629 23,550
    1000 PUBLIC STORAGE 5.4% PFD 25,000 22,800
    1000 STORE CAPITAL CORP 23,750 28,310
    300 FEDERAL RLTY INVT TRUST REIT 39,099 35,412
    3774.472 FRANKLIN MUTUAL FD 78,207 90,587
    6402.049 FRANKLIN MUTUAL INTERNATION FD 100,000 81,754
    2650.127 NEW PERSPECTIVE FD 110,166 99,830
    1000 METLIFE INC 5.625% PFD 25,618 23,550
    6184.869 C & S REALTY FUND 90,021 84,671
    2000 BANK OF AMERICA 6% PFD 52,683 50,150

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    US Government Securities - End of Year Book Value:

    71,456
    US Government Securities - End of Year Fair Market Value:

    45,371
    State & Local Government Securities - End of Year Book Value:


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


     


    TY 2018 LegalFeesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEINY LAW FIRM PLC TAX PREPARATION & ACCOUNTING 17,942 17,942   17,942


    TY 2018 OtherIncreasesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Amount
    CAPITAL GAINS 153,861


    TY 2018 OtherLiabilitiesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Description Beginning of Year - Book Value End of Year - Book Value
    FEDERAL TAX ESTIMATE -3,600 -8,400


    TY 2018 TaxesSchedule
    Name:
    FARRER ENDOWMENT FOUNDATION
    EIN:
    42-1214699
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 8,152