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
HNI Charitable Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)600 E Second Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Muscatine, IA52761
A Employer identification number

42-1246787
B Telephone number (see instructions)

(563) 272-7503
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$2,091,713J Accounting method:
Modified cash
(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) 891,352
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,851 1,851  
4 Dividends and interest from securities... 64,492 64,492  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 69,845
b Gross sales price for all assets on line 6a 1,017,532
7 Capital gain net income (from Part IV, line 2)... 69,845
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).......      
12 Total. Add lines 1 through 11........ 1,027,540 136,188  
Operating and Administrative Expenses 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).......        
c Other professional fees (attach schedule).... Click to see attachment 20,851 12,401   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 454 454   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 21,305 12,855   0
25 Contributions, gifts, grants paid....... 1,139,637 1,139,637
26 Total expenses and disbursements. Add lines 24 and 25 1,160,942 12,855   1,139,637
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -133,402
b Net investment income (if negative, enter -0-) 123,333
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 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.............      
2 Savings and temporary cash investments......... 154,307 97,956 97,956
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,094,701 Click to see attachment2,017,650 1,993,757
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,249,008 2,115,606 2,091,713
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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.................. 2,249,008 2,115,606
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    
30 Total net assets or fund balances (see instructions)..... 2,249,008 2,115,606
31 Total liabilities and net assets/fund balances (see instructions). 2,249,008 2,115,606
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
2,249,008
2
Enter amount from Part I, line 27a .....................
2
-133,402
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,115,606
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,115,606
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 Sale of Publicly Traded Securities P    
b Capital Gains Dividends P    
c
d
e
(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 998,721   947,687 51,034
b 18,811     18,811
c
d
e
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       51,034
b       18,811
c
d
e
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 69,845
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,084,953 2,803,181 0.387044
2016 1,079,754 2,840,608 0.380114
2015 731,547 2,713,338 0.269611
2014 973,532 2,830,918 0.343893
2013 695,513 2,891,739 0.240517
2
Total of line 1, column (d) .....................
2
1.621179
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
0.324236
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
2,691,648
5
Multiply line 4 by line 3......................
5
872,729
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,233
7
Add lines 5 and 6........................
7
873,962
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,139,637
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 1,233
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 1,233
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 1,233
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,369
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 1,369
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 136
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet136 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 ofbulletLindsay McCullough Telephone no.bullet (563) 272-5655

    Located atbullet600 E Second StreetMuscatineIA ZIP+4bullet52761
    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
    Stan A Askren Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Lindsay McCullough Secretary and Treasurer
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Gary L Carlson Vice President
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Tim Heth Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Jeff Lorenger President & CEO
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Jack Michaels Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Dave Gardner Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Donna Meade Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    Jennifer Petersen Director
    2.00     		0 0 0
    600 E Second St
    Muscatine,IA52761
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    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.........................bullet0
    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
    2,498,787
    b
    Average of monthly cash balances.......................
    1b
    233,851
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    2,732,638
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    2,732,638
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    40,990
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    2,691,648
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    134,582
    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
    134,582
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,233
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,233
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    133,349
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    133,349
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    133,349
    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
    1,139,637
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    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
    1,139,637
    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
    1,233
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,138,404
    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 7 133,349
    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...... 553,001
    b From 2014...... 834,152
    c From 2015...... 596,992
    d From 2016...... 939,954
    e From 2017...... 947,454
    fTotal of lines 3a through e........ 3,871,553
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,139,637
    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..... 133,349
    e Remaining amount distributed out of corpus 1,006,288
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,877,841
    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) ...     		553,001
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		4,324,840
    10 Analysis of line 9:
    a Excess from 2014.... 834,152
    b Excess from 2015.... 596,992
    c Excess from 2016.... 939,954
    d Excess from 2017.... 947,454
    e Excess from 2018.... 1,006,288
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Dianna Stelzner
    600 E Second Street
    Muscatine,IA527610071
    (563) 252-7503
    bThe form in which applications should be submitted and information and materials they should include:
    No specific format is used. Requests should include tax status.
    cAny submission deadlines:
    Requests accepted at any time.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Preference given to organizations in geographic areas where the Company has a presence.
    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
    Alzheimer's Association
    225 N Michigan Ave Flr 17
    Chicago,IL60601     		None Public Charity Health & Hum Serv Non Muscatine 551
    American Cancer Society
    2397 Cumberland Square
    Bettendorf,IA52722     		None Public Charity Health & Human Serv Muscatine 2,275
    American Foundation for Suicide Preventio
    120 Wall Street 29th Floor
    New York,NY10005     		None Public Charity Health & Hum Serv Non Muscatine 1,875
    American Heart Association
    1035 N Center Point Rd Ste B
    Hiawatha,IA52233     		None Public Charity Health & Hum Serv Non Muscatine 717
    American Red Cross
    1100 River Drive
    Moline,IL61265     		None Public Charity Health & Hum Serv Non Muscatine 1,230
    Animal Rescue League of Iowa
    5452 NE 22nd St
    Des Moines,IA50313     		None Public Charity Civic & Community Non Muscatine 260
    Autism Speaks
    1060 State Rd 2nd Floor
    Princeton,NJ08540     		None Public Charity Health & Hum Serv Non Muscatine 520
    Big BrothersBig Sisters
    5511 Staples Mill Road Suite 200
    Richmond,VA23228     		None Public Charity Health & Human Serv Muscatine 10,405
    Birdies for Charity
    15623 Coaltown Road
    East Moline,IL61244     		None Public Charity Education Muscatine 20,000
    Cedartown United Fund
    PO Box 311
    Cedartown,GA30125     		None Public Charity Health & Hum Serv Non Muscatine 11,225
    Child Abuse Council
    524 15th St
    Moline,IL61265     		None Public Charity Health & Human Serv Muscatine 295
    City of Fruitland
    104 Sand Run Rd
    Fruitland,IA52749     		None Public Charity Civic & Community Muscatine 1,000
    City of HOPE
    1055 Wilshire Blvd 12
    Los Angeles,CA900172424     		None Public Charity Health & Hum Serv Non Muscatine 7,852
    City of Muscatine
    215 Sycamore St
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 50
    Community Foundation Greater Des Moines
    1915 Grand Ave
    Des Moines,IA50309     		None Public Charity Education Non Muscatine 1,000
    Community Foundation of Greater Muscatine
    208 West 2nd Street Suite 213
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 40,605
    Community Foundation of Greater Muscatine
    208 West 2nd Street Suite 213
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 1,580
    Crossroads
    1424 Houser St
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 1,065
    Cystic Fibrosis Foundation
    1501 42nd St 230
    West Des Moines,IA50266     		None Public Charity Health & Hum Serv Non Muscatine 500
    Delta Waterfowl
    1102 Main Street
    Mediapolis,IA52637     		None Public Charity Civic & Community Non Muscatine 335
    Diversity Center of Iowa
    119 Sycamore Street Ste 420
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 4,500
    Equal Opportunity Schools
    1725 N Dodge St
    Iowa City,IA52245     		None Public Charity Education Non Muscatine 150
    Family Resources
    119 Sycamore Street Ste 200
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 525
    Feed My Starving Children
    740 Wiley Farm Ct
    Schaumburg,IL61073     		None Public Charity Health & Hum Serv Non Muscatine 265
    Flickinger Learning Center
    413 Mulberry
    Muscatine,IA52761     		none Public Charity Education Muscatine 17,500
    Friends of Pine Creek Grist Mill
    1226 Vista Court
    Muscatine,IA52761     		none Public Charity Civic & Community Muscatine 1,000
    Fruitland Fire Department
    136 E North St
    Fruitland,IA52749     		None Public Charity Civic & Community Non Muscatine 20,000
    GiGi's Playhouse
    6507 University Ave
    Windsor Heights,IA50324     		None Public Charity Health & Hum Serv Non Muscatine 268
    Gilda's Club Muscatine
    3241 Mulberry Ave
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 750
    Girl Scouts of Eastern IA & Western IL
    940 Golden Valley Dr
    Bettendorf,IA52722     		None Public Charity Civic & Community Muscatine 3,000
    Great River Medical Center
    1221 S Gear Ave
    W Burlington,IA52655     		None Public Charity Health & Hum Serv Non Muscatine 819
    Habitat for Humanity-Quad Cities
    3625 Mississippi Ave
    Devenport,IA52807     		None Public Charity Health & Hum Serv Non Muscatine 395
    Historic Muscatine
    117 West Second Street
    Muscatine,IA52761     		none Public Charity Culture & Arts Muscatine 10,800
    Iowa Business Council
    100 E Grand Ave 260
    Des Moines,IA50309     		None Public Charity Civic & Community Non Muscatine 3,018
    Iowa College Foundation
    505 5th Ave Ste 1034
    Des Moines,IA503092396     		none Public Charity Education Non Muscatine 1,000
    Iowa Donor Network
    550 Madison Avenue
    North Liberty,IA52317     		None Public Charity Health & Human Serv Muscatine 2,110
    Iowa Engineering Society - Muscatine
    225 Iowa Avenue
    Muscatine,IA52761     		None Public Charity Education Muscatine 250
    Iowa Historical Foundation
    600 E Locust St
    Des Moines,IA50319     		None Public Charity Culture & Arts Non Muscatine 1,000
    It's All Love Only Love Coalition
    PO Box 373
    Bettendorf,IA52722     		None Public Charity Health & Hum Serv Non Muscatine 320
    Junior Achievement
    800 12th Avenue
    Moline,IL61265     		None Public Charity Education Muscatine 528
    Kiwanis Club of Muscatine
    225 Iowa Avenue
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 200
    L&M High School
    14354 170th St
    Letts,IA52754     		None Public Charity Education Muscatine 75
    Lake City ISD #813
    300 S Garden St
    Lake City,MN55041     		None Public Charity Education Non Muscatine 1,000
    Louisa County Ambulance
    105 Gamble St
    Columbus Junction,IA52738     		none Public Charity Civic & Community Non Muscatine 1,000
    Louisa Development Group
    317 Van Buren St
    Wapello,IA52653     		none Public Charity Civic & Community Muscatine 500
    Make a Wish Foundation
    3838 70th Street Suite 101
    Urbandale,IA503223220     		None Public Charity Health & Human Serv Muscatine 11,408
    MCSA
    312 Iowa Avenue
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 34,375
    Muscatine Art Center
    1314 Mulberry Avenue
    Muscatine,IA52761     		None Public Charity Culture & Arts Muscatine 1,000
    Muscatine Beyond 2000
    300 E 2nd Street
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 90,000
    Muscatine Chamber Foundation
    Suite 102
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 53,276
    Muscatine Chapter of IA Eng Society
    225 Iowa Avenue
    Muscatine,IA52761     		None Public Charity Education Muscatine 500
    Muscatine Charities
    PO Box 973
    Muscatine,IA52761     		None Public Charity Education Muscatine 9,500
    Muscatine Civic Chorale
    602 W Fulliam Street
    Muscatine,IA52761     		None Public Charity Culture & Arts Muscatine 250
    Muscatine Community College Foundation
    152 Colorado St
    Muscatine,IA52761     		None Public Charity Education Muscatine 21,200
    Muscatine Community Food Pantry
    119 W Mississippi Drive
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 675
    Muscatine Community School District
    2900 Mulberry Avenue
    Muscatine,IA52761     		None Public Charity Education Muscatine 8,711
    Muscatine Community YMCA
    1823 Logan Street
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 245,800
    Muscatine County Conservation Board
    3300 Cedar St
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 22,400
    Muscatine County Sheriff's Department
    3600 Park Ave W
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 400
    Muscatine County Veterans Association
    315 Iowa Ave
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 275
    Muscatine Diabetes Walk Project
    3300 Cedar St
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 260
    Muscatine Fire Department
    312 E 5th St 2
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 3,863
    Muscatine Flames
    110 Union Street
    Muscatine,IA52761     		none Public Charity Civic & Community Muscatine 500
    Muscatine High School
    2705 Cedar Street
    Muscatine,IA52761     		None Public Charity Education Muscatine 2,750
    Muscatine Humane Society
    920 South Houser Street
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 3,195
    Muscatine Lions Club
    PO Box 173
    Muscatine,IA52761     		None Public Charity Civic & Community Muscatine 250
    Muscatine Production Boosters
    2705 Cedar Street
    Muscatine,IA52761     		None Public Charity Culture & Arts Muscatine 500
    Muscatine Soccer Club
    2705 Cedar Street
    Muscatine,IA52761     		None Public Charity Education Muscatine 250
    Muscatine Symphony Orchestra
    PO Box 573
    Muscatine,IA52761     		None Public Charity Culture & Arts Muscatine 5,500
    Nature Conservancy
    1620 231st St
    Letts,IA52754     		None Public Charity Civic & Community Muscatine 5,000
    Noyes Health
    111 Clara Barton Street
    Dansville,NY14437     		None Public Charity Health & Hum Serv Non Muscatine 25,000
    Outdoor Youth Jamboree
    18853 152nd Ave
    Sperry,IA52650     		None Public Charity Education Non Muscatine 521
    Paws No Kill Animal Shelter
    2031 48th St
    Fort Madison,IA52627     		None Public Charity Civic & Community Non Muscatine 403
    Pearl City Outreach
    509 Mulberry Ave
    Muscatine,IA52761     		none Public Charity Health & Human Serv Muscatine 500
    Quad Cities Paws
    2031 48th St
    Fort Madison,IA52627     		none Public Charity Civic & Community Non Muscatine 497
    Quilts of Valor
    5951 Hunt Road
    Burlington,IA52601     		None Public Charity Civic & Community Non Muscatine 270
    Red Wing Public Schools
    154 Tower View Drive
    Red Wing,MN55066     		None Public Charity Education Non Muscatine 750
    River Bend Foodbank
    730 Hawkins Drive
    Iowa City,IA52246     		None Public Charity Health & Human Serv Muscatine 2,409
    Ronald McDonald House Charities
    5444 S Drexel Ave
    Chicago,IL60615     		None Public Charity Health & Hum Serv Non Muscatine 300
    Salvation Army-Muscatine
    1000 Oregon Street
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 2,341
    Second Harvest Heartland
    1140 Gervais Ave
    St Paul,MN55109     		None Public Charity Health & Hum Serv Non Muscatine 195
    Senior Resources
    1808 Mulberry Avenue
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 5,000
    Special Olympics of Muscatine
    1823 Logan Street
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 500
    St Jude Children's Research Hospital
    W 37th PI
    Chicago,IL60609     		None Public Charity Health & Hum Serv Non Muscatine 320
    The ALS Association - Iowa Chapter
    3636 Westown Pkwy 204
    West Des Moines,IA50266     		None Public Charity Health & Hum Serv Non Muscatine 205
    Trinity Muscatine Foundation
    1518 Mulberry Avenue
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 15,000
    UNI Foundation
    204 Commons
    Cedar Falls,IA50613     		None Public Charity Education Non Muscatine 250,000
    United Way of Muscatine
    PO Box 797
    Muscatine,IA52761     		None Public Charity Health & Human Serv Muscatine 98,200
    United Way of Red Wing
    PO Box 319
    Red Wing,MN55066     		None Public Charity Health & Hum Serv Non Muscatine 3,266
    United Way of Southern Tier
    2832 300 Civic Center Plz 2
    Corning,NY148302832     		None Public Charity Health & Hum Serv Non Muscatine 13,370
    University of Iowa
    2 West Jefferson
    Iowa City,IA52242     		None Public Charity Education Non Muscatine 100
    University of Iowa Foundation
    1 West Park Road
    Iowa City,IA52242     		None Public Charity Health & Hum Serv Non Muscatine 18,056
    Wapello JrSr High School
    501 Buchanan Ave
    Wapello,IA52653     		None Public Charity Education Non Muscatine 1,000
    Wayland Joint Fire District
    14 East Naples Street
    Wayland,NY14572     		None Public Charity Civic & Community Non Muscatine 1,000
    West Liberty Community Schools
    1103 N Elm St
    West Liberty,IA52776     		None Public Charity Education Non Muscatine 1,000
    Wilton Community School District
    1002 Cypress St
    Wilton,IA52778     		None Public Charity Education Muscatine 1,000
    Wilton Public Library
    1215 Cypress St
    Wilton,IA52778     		None Public Charity Civic & Community Non Muscatine 100
    Winfield Mt Union Community Schools
    208 South Olive Street
    Winfield,IA52659     		None Public Charity Education Non Muscatine 630
    Wounded Warrior Project
    4899 Belfort Rd Ste 300
    Jacksonville,FL32256     		none Public Charity Health & Hum Serv Non Muscatine 1,553
    Total .................................bullet 3a 1,139,637
    bApproved for future payment
    Blue Grass Police Department
    606 W Mayne St
    Blue Grass,IA52726     		None Public Charity Civic & Community Non Muscatine 2,950
    Iowa State University
    2505 University Boulevard
    Ames,IA50011     		None Public Charity Student Innovation Center 1,000,000
    Scott County YMCA
    606 W 2nd St
    Davenport,IA52801     		None Public Charity New Facility 250,000
    Total .................................bullet 3b 1,252,950
    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 ...........     		    14 1,851  
    4 Dividends and interest from securities....     14 64,492  
    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 69,845  
    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).. 0 136,188 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    136,188
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    HNI Charitable Foundation
     
    Employer identification number

    42-1246787
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    HNI Charitable Foundation
          		Employer identification number
    42-1246787
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    HNI Corporation
     
    600 E 2nd Street
     
    Muscatine, IA52761

    		$ 891,352


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    HNI Charitable Foundation
          		Employer identification number

    42-1246787
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    HNI Charitable Foundation
          		Employer identification number

    42-1246787
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HNI Charitable Foundation
    EIN:
    42-1246787
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Vanguard 500 Index Fund AT COST 222,376 280,453
    Vanguard Inflation Protected AT COST 215,909 204,557
    Diamond Hill AT COST 200,832 189,975
    Doubleline AT COST 1,153,249 1,129,196
    American Fund AT COST 225,284 189,576

    TY 2018 OtherProfessionalFeesSchedule
    Name:
    HNI Charitable Foundation
    EIN:
    42-1246787
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Broker fees 20,851 12,401   0


    TY 2018 TaxesSchedule
    Name:
    HNI Charitable Foundation
    EIN:
    42-1246787
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax 454 454   0