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
RIVERWAY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)8400 NORMANDALE LAKE BLVD NO 920
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55437
A Employer identification number

41-6406915
B Telephone number (see instructions)

(612) 833-1300
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$3,562,012J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 5,136 5,136  
4 Dividends and interest from securities... 90,164 89,687  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 111,898
b Gross sales price for all assets on line 6a 1,121,935
7 Capital gain net income (from Part IV, line 2)... 111,898
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 150 150 0
12 Total. Add lines 1 through 11........ 207,348 206,871 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,195 3,098 0 3,097
c Other professional fees (attach schedule).... Click to see attachment 43,171 43,171 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,788 1,788 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 607 0 0 45
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 51,761 48,057 0 3,142
25 Contributions, gifts, grants paid....... 208,250 208,250
26 Total expenses and disbursements. Add lines 24 and 25 260,011 48,057 0 211,392
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -52,663
b Net investment income (if negative, enter -0-) 158,814
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............. 40,243 74,654 74,654
2 Savings and temporary cash investments......... 79,310 101,883 101,883
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) 637,403 Click to see attachment643,465 630,063
b Investments—corporate stock (attach schedule)....... 1,238,128 Click to see attachment1,202,116 1,290,662
c Investments—corporate bonds (attach schedule)....... 521,843 Click to see attachment546,614 527,743
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 875,868 Click to see attachment813,342 861,125
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment120,209 Click to see attachment75,882 Click to see attachment75,882
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,513,004 3,457,956 3,562,012
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..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 3,513,004 3,457,956
30 Total net assets or fund balances (see instructions)..... 3,513,004 3,457,956
31 Total liabilities and net assets/fund balances (see instructions). 3,513,004 3,457,956
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
3,513,004
2
Enter amount from Part I, line 27a .....................
2
-52,663
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,460,341
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
2,385
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
3,457,956
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 PUBLICLY TRADED SECURITIES P    
b
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 1,121,935   1,010,037 111,898
b
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       111,898
b
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 2 111,898
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 217,807 3,871,190 0.056264
2016 197,258 3,672,844 0.053707
2015 193,331 3,933,863 0.049145
2014 170,509 4,100,484 0.041583
2013 177,680 4,080,937 0.043539
2
Total of line 1, column (d) .....................
2
0.244238
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
0.048848
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
3,852,360
5
Multiply line 4 by line 3......................
5
188,180
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,588
7
Add lines 5 and 6........................
7
189,768
8
Enter qualifying distributions from Part XII, line 4,.............
8
211,392
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 1,588
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 1,588
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 1,588
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,157
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 3,157
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 1,569
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,569 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)
    bulletMN
    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 ofbulletSHIRLEY A MOEN Telephone no.bullet (952) 921-3994

    Located atbullet8400 NORMANDALE LAKE BLVD 920BLOOMINGTONMN ZIP+4bullet55437
    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
    TERRY R BECKER TRUSTEE
    4.00     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    LAURA LEE BASKERVILLE BECKER TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    AUSTIN BERGREN TRUSTEE
    0.50     		0 0 0
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    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
    3,646,126
    b
    Average of monthly cash balances.......................
    1b
    166,854
    c
    Fair market value of all other assets (see instructions)................
    1c
    98,045
    d
    Total (add lines 1a, b, and c).........................
    1d
    3,911,025
    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
    3,911,025
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    58,665
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,852,360
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    192,618
    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
    192,618
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,588
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,588
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    191,030
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    191,030
    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
    191,030
    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
    211,392
    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
    211,392
    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
    1,588
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    209,804
    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 7 191,030
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 145,664
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 211,392
    a Applied to 2017, but not more than line 2a 145,664
    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..... 65,728
    e Remaining amount distributed out of corpus 0
    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 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......     		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 ..........     		125,302
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    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).)
    TERRY R BECKER
    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:
    TERRY R BECKER
    8400 NORMANDALE LAKE BLVD 920
    BLOOMINGTON,MN55437
    (952) 921-3994
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER FORMAT/STATEMENT INCLUDING COPY OF IRS DETERMINATION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    TRUST IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF I.R.C. 170(C) AND 501(C). THE TRUST WILL FUND GRANTS TO ORGANIZATIONS WHICH ARE EXEMPT FROM FEDERAL INCOME TAXATION UNDER I.R.C. 501(A) BY VIRTUE OF BEING DESCRIBED IN I.R.C. 501(C)(3) OR TO ORGANIZATIONS CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER I.R.C. 170(C)(2), 2055(A) AND 2522(A).
    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
    ALZHEIMERS ASSOCIATION
    7900 W 78 STREET 100
    EDINA,MN55439     		NONE PC PROGRAM SUPPORT 2,500
    AMERICAN RED CROSS
    1201 W RIVER PARKWAY
    MINNEAPOLIS,MN55454     		NONE PC PROGRAM SUPPORT 10,000
    ANGEL FOUNDATION
    1155 CENTRE POINTE DRIVE
    MENDOTA HEIGHTS,MN55120     		NONE PC PROGRAM SUPPORT 2,500
    BIG BROTHERSBIG SISTERS TWIN CITIES
    2550 UNIVERSITY AVE W
    SAINT PAUL,MN55114     		NONE PC PROGRAM SUPPORT 2,500
    BOYS & GIRLS CLUB OF TWIN CITIES
    690 JACKSON ST
    SAINT PAUL,MN55130     		NONE PC PROGRAM SUPPORT 2,500
    BRIDGING INC
    201 W 87 ST
    BLOOMINGTON,MN55420     		NONE PC PROGRAM SUPPORT 3,000
    CAN DO CANINES
    9440 SCIENCE CENTER DRIVE
    NEW HOPE,MN55428     		NONE PC PROGRAM SUPPORT 1,000
    CARINGBRIDGE
    1715 YANKEE DOODLE RD 301
    EAGAN,MN55121     		NONE PC PROGRAM SUPPORT 3,000
    CHILDREN'S CANCER RESEARCH FUND
    7301 OHMS LANE
    MINNEAPOLIS,MN55439     		NONE PC PROGRAM SUPPORT 5,000
    CITY OF LAKES COMMUNITY LAND TRUST
    1930 GLENWOOD AVE
    MINNEAPOLIS,MN55405     		NONE PC PROGRAM SUPPORT 1,000
    CRISTO RAY JESUIT HIGH SCHOOL
    2924 FOURTH AVES
    MINNEAPOLIS,MN55408     		NONE PC PROGRAM SUPPORT 7,500
    CYSTIC FIBROSIS FOUNDATION
    4550 MONTGOMERY AVE
    BETHESDA,MD20814     		NONE PC PROGRAM SUPPORT 1,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		NONE PC PROGRAM SUPPORT 2,500
    FRASER
    2400 W 64 ST
    RICHFIELD,MN55423     		NONE PC PROGRAM SUPPORT 2,500
    GENESYS WORKS
    445 MINNESOTA ST 720
    SAINT PAUL,MN55101     		NONE PC PROGRAM SUPPORT 2,000
    GOLFERS AGAINST CANCERINC
    1700 LAKE KINGWOOD TR
    KINGWOOD,TX77339     		NONE PC PROGRAM SUPPORT 3,000
    GOODWILL-EASTER SEALS MINNESOTA GOODWILL INDUSTRIES INC
    553 FAIRVIEW AVE N
    SAINT PAUL,MN55104     		NONE PC PROGRAM SUPPORT 2,500
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 FOURTH AVE S
    MINNEAPOLIS,MN55419     		NONE PC PROGRAM SUPPORT 2,500
    HOPE ACADEMY
    2300 CHICAGO AVE S
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT - SPONSORSHIP($7,250) & CAP CAMPAIGN 40/30/30 ($30,000) 37,250
    HOSPITALITY HOUSE YOUTH DEVELOPMENT
    1220 LOGAN AVE N
    MINNEAPOLIS,MN55411     		NONE PC PROGRAM SUPPORT 2,500
    LIFETRACK RESOURCES INC
    409 UNIVERSITY AVE W
    SAINT PAUL,MN55410     		NONE PC PROGRAM SUPPORT 2,000
    LIVING LANDS & WATERS
    17615 ROUTE 843 N
    EAST MOLINE,IL61244     		NONE PC PROGRAM SUPPORT 10,000
    LOPPET FOUNDATION
    1301 THEODORE WIRTH PARKWAY
    MINNEAPOLIS,MN55422     		NONE PC PROGRAM SUPPORT 2,000
    MICROGRANTS
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT 2,500
    ONE HEARTLAND
    2101 HENNEPIN AVE STE 200
    MINNEAPOLIS,MN55405     		NONE PC PROGRAM SUPPORT 2,500
    PAGE EDUCATION FOUNDATION
    PO BOX 581254
    MINNEAPOLIS,MN55454     		NONE PC PROGRAM SUPPORT 2,500
    PEOPLE SERVING PEOPLE
    614 S THIRD ST
    MINNEAPOLIS,MN55415     		NONE PC PROGRAM SUPPORT 3,000
    SALVATION ARMY
    2445 PRIOR AVE N
    ROSEVILLE,MN55113     		NONE PC PROGRAM SUPPORT 5,000
    SOJOURNER PROJECT
    PO BOX 272
    HOPKINS,MN55343     		NONE PC PROGRAM SUPPORT 2,500
    ST STEPHENS HUMAN SERVICES
    2309 NICOLLET AVE S
    MINNEAPOLIS,MN55404     		NONE PC PROGRAM SUPPORT 3,000
    THE DWELLING PLACE
    940-44TH AVE NE 21307
    COLUMBIA HEIGHTS,MN55421     		NONE PC PROGRAM SUPPORT 2,000
    TREEHOUSE INC
    5666 LINCOLN DR
    EDINA,MN55436     		NONE PC PROGRAM SUPPORT 5,000
    URBAN HOMEWORKS
    2015 EMERSON AVE N
    MINNEAPOLIS,MN55411     		NONE PC PROGRAM SUPPORT 50,000
    URBAN VENTURES
    2924 FOURTH AVE S
    MINNEAPOLIS,MN55408     		NONE PC PROGRAM SUPPORT 5,000
    YMCA OF GREATER TWIN CITIES
    651 NICOLLET MALL SUITE 500
    MINNEAPOLIS,MN55402     		NONE PC PROGRAM SUPPORT 15,000
    Total .................................bullet 3a 208,250
    bApproved for future payment
    Total .................................bullet 3b 0
    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 5,136  
    4 Dividends and interest from securities....     14 90,164  
    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.....     14 150  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 111,898  
    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).. 0 207,348 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    207,348
    (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

    TY 2018 AccountingFeesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,195 3,098 0 3,097

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WELLS FARGO & COMPANY 15,636 14,950
    WATSON PHARMACEUTICALS 15,425 14,666
    WAL-MART STORES INC 16,984 16,560
    VISA INC 16,255 15,826
    VERIZON COMMUNICATIONS 15,437 15,413
    UNITED TECHNOLOGIES CORP 16,003 15,701
    UNION PACIFIC CORP 17,008 16,977
    STATE STREET CORP (857477AV5) 17,120 16,523
    STATE STREET CORP (857477AN3) 19,058 17,829
    PFIZER INC 11,769 11,586
    ORACLE CORP 17,544 15,862
    NORTHROP GRUMMAN CORP 12,004 11,387
    MORGAN STANLEY (61746BEG7) 9,849 9,464
    MORGAN STANLEY 9,773 9,760
    MORGAN STANLEY 12,573 11,943
    MICROSOFT CORP 10,609 10,498
    KINDER MORGAN INC/DELAWA 12,255 11,905
    JPMORGAN CHASE & CO 14,385 13,796
    JP MORGAN CHASE & CO 12,107 11,441
    GOLDMAN SACHS GROUP INC 10,714 10,381
    GOLDMAN SACHS GROUP INC 12,295 11,288
    GILEAD SCIENCES INC 14,916 14,899
    GENERAL MOTORS FINL CO 15,019 14,793
    ENTERPRISE PRODUCTS OPER 8,330 7,260
    CVS HEALTH CORP 17,011 16,966
    COMCAST CORP 16,949 17,104
    CITIGROUP INC (172967LG4) 15,958 15,542
    CITIGROUP INC (172967KK6) 9,863 9,851
    CAPITAL ONE FINANCIAL CO 15,923 15,372
    BP CAPITAL MARKETS PLC 9,964 9,969
    BANK OF NY MELLON CORP 22,152 21,807
    BANK OF MONTREAL 14,996 14,992
    APPLE INC (037833DB3) 13,923 13,159
    APPLE INC 11,027 10,166
    ANHEUSER-BUSCH INBEV FIN 10,643 9,274
    AMERICAN EXPRESS CREDIT (37045XCJ3) 9,775 9,786
    AMERICAN EXPRESS CREDIT (0258M0EG0) 14,871 14,703
    ALTRIA GROUP INC 14,171 12,776
    ABBVIE INC 16,320 15,568

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 9,811 9,908
    ABBVIE INC SHS 8,546 10,049
    ALPHABET INC SHS CL A 16,026 21,944
    ALPHABET INC SHS CL C 16,150 21,748
    ALTRIA GROUP INC 45,836 32,894
    AMCOR LDT AUS ADR NEW 18,541 14,655
    ANSELL LTD-SPON ADR 4,908 5,282
    ANTA SPORTS PROD-UNSPON 3,182 5,103
    APPLE INC 24,823 43,694
    ASTRAZENECA PLC SPND ADR 5,760 7,330
    BAXTER INTERNTL INC 10,165 12,242
    BIOGEN INC 16,571 17,453
    BP PLC 14,795 15,282
    BRITISH AMN TOBACO SPADR 20,161 10,705
    CARNIVAL CORP PAIRED SHS 11,639 11,438
    CDW CORP 6,927 13,292
    CENTENE CORP 6,785 12,337
    CHEVRON CORP 17,322 15,774
    CISCO SYSTEMS INC COM 26,486 39,344
    CITIGROUP INC COM NEW 3,999 4,894
    CITIZENS FINL GROUP INC 2,502 3,300
    COCA COLA COM 16,158 17,188
    COGNIZANT TECH SOLUTNS A 17,206 17,393
    COMCAST CORP NEW CL A 18,656 22,575
    CVS HEALTH CORP 3,406 2,752
    D R HORTON INC 13,543 14,314
    DBS CROUP HLDGS SPN ADR 4,805 7,042
    DELL TECHNOLOGIES INC 4,426 4,740
    DELTA AIR LINES INC 12,998 13,373
    DEUTSCHE POST AG SHS 14,054 11,533
    DIAGEO PLC SPSD ADR NEW 7,512 9,501
    DOWDUPONT INC COM 14,158 14,279
    ETRADE FINL CORP 11,497 11,102
    FIRSTENERGY CORP 12,267 15,283
    FORTIVE CORP SHS 10,169 10,217
    GENUINE PARTS CO 15,532 15,267
    GILEAD SCIENCES INC COM 13,137 10,008
    GLAXOSMITHKLINE PLC ADR 14,236 12,877
    HARTFORD FINL SVCS GROUP 6,826 5,512
    HEINEKEN N V ADR 6,076 6,815
    HUMANA INC 10,053 17,189
    IMPERIAL BRANDS PLC 21,333 13,917
    INTL PAPER CO 12,378 10,534
    JAPAN TOBACCO INC 2914 7,741 5,342
    JOHNSON AND JOHNSON COM 14,412 14,841
    JPMORGAN CHASE & CO 19,323 27,919
    KONE OYJ 16,280 15,375
    LABORATORY CP AMER HLDGS 17,414 14,405
    LENNAR CORP CL A 7,019 5,677
    LOWE'S COMPANIES INC 15,648 19,211
    M&T BANK CORPORATION 5,899 7,156
    MICROSOFT CORP 27,488 51,293
    NESTLE S A REP RG SH ADR 14,276 15,301
    NORFOLK SOUTHERN CORP 14,289 18,842
    NOVARTIS ADR 27,041 28,403
    NOVO NORDISK A S ADR 17,629 16,723
    PACKAGING CORP AMERICA 8,115 8,513
    PEPSICO INC 12,664 13,258
    PFIZER INC 33,721 42,253
    PHILIP MORRIS INTL INC 15,061 10,548
    PROCTER & GAMBLE CO 11,300 12,041
    REGIONS FINL CORP 10,874 9,727
    ROGERS COMMUNICATIONS B 14,962 18,146
    SANOFI ADR 15,794 16,105
    SGS SA ADR 5,327 4,902
    SONIC HEALTHCARE-UNSP 7,930 7,387
    SUNCOR ENERGY INC NEW 14,525 13,845
    SUNTRUST BKS INC COM 11,072 12,913
    SVENSKA HANDELSBANKEN AB 9,027 8,303
    TAIWAN S MANUFCTRING ADR 17,165 18,787
    TELUS CORP 17,824 17,531
    UNILEVER NV NY REG SHS 14,770 15,817
    UNITED PARCEL SVC CL B 5,979 5,267
    UNITED TECHS CORP 10,910 10,435
    UNITEDHEALTH GROUP INC 7,323 19,182
    URBAN OUTFITTERS INC 4,056 6,441
    US BANCORP (NEW) 18,697 20,611
    WAL-MART STORES INC 18,157 22,356
    WELLS FARGO & CO NEW DEL 7,029 7,603
    AES CORP 9,255 9,616
    ALLY FINL INC 9,178 7,614
    BAE SYS PLC SPN ADR 9,584 8,103
    DISH NETWORK CORPORATION 11,613 8,789
    DOLLAR GENERAL CORP 13,178 13,402
    EMERSON ELEC CO 12,319 10,038
    FREEPORT-MCMORAN INC 11,095 7,537
    J M SMUCKER CO 11,667 8,788
    KAR AUCTION SERVICES INC 10,735 9,449
    KONINK PHIL NV SH NEW 7,472 6,355
    MARATHON OIL CORP 5,612 3,743
    MEDTRONIC PLC SHS 7,303 8,368
    O'REILLY AUTOMOTIVE INC 11,326 13,085
    PAYCHEX INC 5,727 5,342
    RELX PLC 5,232 5,233
    SCHNEIDER ELEC SE ADR 8,795 6,882
    TEXAS INSTRUMENTS 3,923 3,780

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    US Government Securities - End of Year Book Value:

    643,465
    US Government Securities - End of Year Fair Market Value:

    630,063
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2018 InvestmentsOtherSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK STRATEGIC AT COST 272,966 269,270
    ISHARES CORE S&P MID-CAP AT COST 281,033 302,229
    ISAHRES TR RUSSELL 2000 AT COST 259,343 289,626

    TY 2018 OtherAssetsSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    URBAN HOMEWORKS LLC - LOAN 40,000 30,000 30,000
    URBAN HOMEWORKS LLC - LOAN 80,209 45,882 45,882


    TY 2018 OtherDecreasesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Amount
    BASIS ADJUSTMENT BY BROKER 2,385


    TY 2018 OtherExpensesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL 25 0 0 25
    BANK FEES 20 0 0 20
    TRAVEL 562 0 0 0


    TY 2018 OtherIncomeSchedule2
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    QUESTCOR LITIGATION PROCEEDS 118 118  
    OTHER INCOME 32 32  


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISORY & ADR FEES 42,930 42,930 0 0
    CHECKING ACCOUNT FEES 241 241 0 0


    TY 2018 TaxesSchedule
    Name:
    RIVERWAY FOUNDATION
    EIN:
    41-6406915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 1,788 1,788 0 0