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
THE BILL AND MARGARET MARVIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)405 LAKE ST NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WARROAD, MN56763
A Employer identification number

27-4708403
B Telephone number (see instructions)

(218) 386-4022
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$14,134,229J 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 40,107 49,361  
4 Dividends and interest from securities... 288,736 289,553  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 528,791
b Gross sales price for all assets on line 6a 2,307,323
7 Capital gain net income (from Part IV, line 2)... 466,285
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........ 857,634 805,199  
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)....... Click to see attachment 7,035 3,518   3,517
c Other professional fees (attach schedule).... Click to see attachment 50,292 50,292   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 14,539 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 25 5,059   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 71,891 58,869   3,542
25 Contributions, gifts, grants paid....... 760,000 760,000
26 Total expenses and disbursements. Add lines 24 and 25 831,891 58,869   763,542
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 25,743
b Net investment income (if negative, enter -0-) 746,330
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............. 21,256 20,661 20,661
2 Savings and temporary cash investments......... 308,471 235,629 235,883
3 Accounts receivable bullet100,000
Less: allowance for doubtful accounts bullet     100,000 100,000
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)....... 10,263,262 Click to see attachment9,706,800 10,740,618
c Investments—corporate bonds (attach schedule)....... 1,369,549 Click to see attachment1,064,620 1,002,679
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,286,241 Click to see attachment2,067,688 1,955,388
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment79,000 Click to see attachment79,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,248,779 13,274,398 14,134,229
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 13,248,779 13,274,398
30 Total net assets or fund balances (see instructions)..... 13,248,779 13,274,398
31 Total liabilities and net assets/fund balances (see instructions). 13,248,779 13,274,398
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
13,248,779
2
Enter amount from Part I, line 27a .....................
2
25,743
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
13,274,522
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
124
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
13,274,398
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 SALES OF PUBLICLY TRADED SECURITIES      
b POWERSHARES DB COMMODITY INDEX - SCH K-1 ST GAIN P    
c SCH K-1 1256 STRADDLE P    
d SCH K-1 1256 STRADDLE P    
e CAPITAL GAINS DIVIDENDS P    
(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 2,086,852   1,778,532 308,320
b       -2,665
c       -35,905
d       -23,936
e 220,471     220,471
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       308,320
b       -2,665
c       -35,905
d       -23,936
e       220,471
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 2 466,285
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 690,200 15,459,112 0.044647
2016 731,856 14,043,862 0.052112
2015 649,221 14,773,357 0.043945
2014 724,707 13,484,004 0.053746
2013 670,897 14,613,638 0.045909
2
Total of line 1, column (d) .....................
2
0.240359
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
0.048072
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
15,959,315
5
Multiply line 4 by line 3......................
5
767,196
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
7,463
7
Add lines 5 and 6........................
7
774,659
8
Enter qualifying distributions from Part XII, line 4,.............
8
763,542
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 14,927
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 14,927
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 14,927
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
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 73
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet73 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 ofbulletELLIOT LARSON Telephone no.bullet (218) 386-4022

    Located atbullet405 LAKE STREET NWWARROADMN ZIP+4bullet56763
    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
    GEORGE G MARVIN III CHAIR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    JOHN W MARVIN VICE CHAIR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    ELLIOT J LARSON SECRETARY/TREASURER
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    FRANK R MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    MARGARET ANN JOHNSON DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    JOHN W MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    GEORGE G MARVIN DIRECTOR
    0.50     		0 0 0
    405 LAKE STREET NW
    WARROAD,MN56763
    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
    15,652,647
    b
    Average of monthly cash balances.......................
    1b
    470,550
    c
    Fair market value of all other assets (see instructions)................
    1c
    79,153
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,202,350
    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
    16,202,350
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    243,035
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,959,315
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    797,966
    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
    797,966
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    14,927
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,927
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    783,039
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    783,039
    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
    783,039
    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
    763,542
    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
    763,542
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    763,542
    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 7 783,039
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 758,514
    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$ 763,542
    a Applied to 2017, but not more than line 2a 758,514
    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..... 5,028
    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 ..........     		778,011
    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).)
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    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
    CITY OF WARROAD
    C/O CITY HALL 121 MAIN AVE NE
    WARROAD,MN56763     		NONE GOVERNMENTAL UNIT PUBLIC PARKS PROJECT 627,333
    CITY OF WARROAD
    C/O CITY HALL 121 MAIN AVE NE
    WARROAD,MN56763     		NONE GOVERNMENTAL UNIT FOUNTAIN DONATION TO PUBLIC PARKS PROJECT 132,667
    Total .................................bullet 3a 760,000
    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 40,107  
    4 Dividends and interest from securities....     14 288,736  
    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 ............     		    18 528,791  
    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).. 0 857,634 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    857,634
    (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:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 7,035 3,518   3,517

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MFB NORTHERN FDS MULTI-MANAGER HI YLD OPPOR FD 579,332 524,557
    MFB NORTHERN FDS ULTRA SHORT FIXED FD 475,290 472,824
    ST PAUL MN PORT AUTH INDL DEV DTD 05/01/87 8.500% DUE 09/01/11 9,998 5,298

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABIOMED INC 1,187 1,300
    ADVANCED DISP SVCS INC DEL 2,277 2,490
    ADVANCED MICRO DEVICES INC 3,991 3,821
    ALARM COM HLDGS INC 3,479 5,239
    ALKERMES PLC 1,791 2,833
    ALLEGIANT TRAVEL CO 3,226 2,305
    ALNYLAM PHARMACEUTICALS INC 3,817 2,187
    ARAMARK 3,843 3,563
    ASGN INC 1,999 6,431
    ATHENAHEALTH INC 1,531 2,243
    AVERY DENNISON CORP 4,641 3,953
    BERRY GLOBAL GROUP INC 3,710 3,802
    BIOMARIN PHARMACEUTICAL INC 2,299 5,109
    BLUEBIRD BIO INC 3,772 2,083
    BRUNSWICK CORP 2,814 4,134
    BURLINGTON STORES INC 2,481 7,483
    CACI INTL INC 1,613 4,753
    CADENCE DESIGN SYSTEM INC 1,615 5,609
    CARILLON SCOUT MID CAP ETF 227,430 207,779
    CARLISLE COS INC 2,869 3,619
    CATALENT INC 5,176 4,022
    CHEFS WHSE HLDGS LLC 2,665 2,814
    CHEMOURS CO 5,668 3,443
    CIENA CORP 2,736 4,680
    CINTAS CORP 1,421 5,712
    CLEARBRIDGE SMALL CAP GROWTH 119,673 129,933
    COHERENT INC 4,812 2,326
    COLUMBIA CONTRARIAN CORE FUND 356,036 330,180
    COLUMBIA DIVIDEND INCOME FUND 89,508 91,368
    COLUMBIA EMERGING MARKETS FUND 52,156 56,003
    COOPER COS INC 4,277 6,108
    COPART INC 3,362 4,491
    COSTAR GROUP INC 1,653 2,699
    DELAWARE EMERGING MKTS FUND 165,612 173,873
    DENTSPLY SIRONA INC 2,559 3,163
    DIAMONDBACK ENERGY INC 1,976 2,688
    DOCUSIGN INC 2,399 2,285
    DOMINOS PIZZA INC 2,890 4,712
    EAGLE MATERIALS INC 2,217 2,929
    ENCOMPASS HEALTH CORP 3,979 3,147
    EURONET WORLDWIDE INC 3,910 5,426
    EVOQUA WATER TECHNOLOGIES CORP 2,471 1,075
    EXACT SCIENCES CORP 1,355 1,136
    FIRST CASH INC 3,466 4,630
    FIVE BELOW INC 2,303 6,548
    FORTINET INC 1,737 6,127
    FORTUNE BRANDS HOME & SEC INC 4,572 3,533
    GENESEE & WYO INC 3,414 3,627
    GODADDY INC 6,173 5,446
    GRAND CANYON ED INC 3,732 3,365
    GREEN DOT CORP 1,895 1,749
    GRUBHUB INC 6,335 4,225
    GTT COMMUNICATIONS 1,786 2,224
    GUIDEWIRE SOFTWARE INC 4,963 5,135
    HAMILTON LANE INC 1,813 1,443
    HEXCEL CORP NEW 5,025 6,938
    HURON CONSULTING GROUP INC 1,600 1,539
    ICON PLC 3,783 4,264
    IDEX CORP 4,226 3,914
    IDEXX LABS INC 2,038 7,813
    INCYTE CORP 892 3,370
    INGEVITY CORP 3,514 5,105
    INSULET CORP 1,860 1,666
    INTEGRATED DEVICE TECHNOLOGY 1,341 2,615
    ISHARES EDGE MSCI MIN VOL EAFE ETF 69,292 70,326
    ISHARES MSCI EMERGING MARKETS 375,670 370,875
    ISHARES RUSSELL 2000 ETF 381,211 429,150
    ISHARES RUSSELL MID-CAP ETF 391,878 466,659
    ISHARES S&P 100 ETF 404,464 433,294
    JAZZ PHARMACEUTICALS PLC 4,112 2,975
    JOHN HANCOCK FDS III DISCIPLINED VALUE MID CAP FUND 245,677 194,522
    LITTELFUSE INC 3,486 5,316
    LIVE NATION ENTERTAINMENT INC 4,948 5,713
    LOXO ONCOLOGY INC 2,372 2,381
    MANHATTAN ASSOCS INC 3,007 4,152
    MARKETAXESS HLDGS INC 1,561 11,199
    MARRIOTT VACATIONS WORLDWIDE 3,483 3,173
    MASTEC INC 5,797 5,394
    MERCURY SYSTEMS INC 2,242 3,121
    MERIT MED SYS INC 2,525 2,791
    METTLER TOLEDO INTERNATIONAL 2,373 7,918
    MFB NORTHERN FDS STK INDEX FD 1,148,795 1,921,831
    MFB NORTHERN MULTI-MANAGER INTL EQUITY 1,872,439 1,692,755
    MFB NORTHERN MULTI-MANAGER MID CAP FUND 355,385 319,289
    MFB NORTHERN MULTI-MANAGER SMALL CAP FUND 194,519 171,040
    MFB NTHRN FDS MULTI-MANAGER EMRG MKTS EQUITY FD 853,571 877,569
    MFS INTERNATIONAL NEW DISCOVERY FUND 106,787 114,869
    MGIC INVT CORP WIS 2,664 3,494
    MGP INGREDIENTS INC 3,973 3,252
    MKS INSTRUMENT INC 5,928 4,006
    NEKTAR THERAPEUTICS 2,934 1,183
    NEUROCRINE BIOSCIENCES INC 3,627 6,355
    NEWFIELD EXPL CO 2,322 1,114
    NEXSTAR MEDIA GROUP INC 2,345 4,011
    NOVANTA INC 1,763 4,851
    NUTANIX INC 6,290 4,866
    OAKMARK INTL FUND 38,200 28,983
    OASIS PETE INC NEW 3,318 1,543
    ON SEMICONDUCTOR CORP 4,429 3,847
    OPPENHEIMER INTL GROWTH FUND 241,072 224,310
    PERFORMANCE FOOD GROUP CO 2,566 2,453
    PLANET FITNESS INC 3,960 4,450
    POLARIS INDS INC 3,743 3,451
    POOL CORP 4,488 6,392
    PORTOLA PHARMACEUTICALS INC 2,744 2,303
    INVESCO QQQ TRUST 201,845 236,789
    PRA GROUP INC 3,361 2,413
    PTC INC 2,252 6,881
    REALPAGE INC 5,414 4,530
    SAGE THERAPEUTICS INC 3,790 2,299
    SAREPTA THERAPEUTICS INC 4,287 3,383
    SERVICEMASTER GLOBAL HLDGS INC 1,349 2,057
    SIGNATURE BK NEW YORK NY 2,365 1,851
    SIX FLAGS ENTMT CROP NEW 4,579 4,395
    SMITH A O 934 2,861
    SNAP ON INC 2,960 2,761
    SPDR S&P 500 ETF TR 541,254 862,224
    SPDR S&P EMERGING SMALL CAP ETF FUND 74,617 66,986
    SPIRIT AIRLS INC 1,880 2,722
    SPLUNK INC 3,863 3,879
    STERIS PLC 3,421 4,915
    SVB FINL GROUP 2,918 4,178
    TAKE-TWO INTERACTIVE SOFTWARE 3,690 3,603
    TEXAS CAP BANKCSHARES INC 1,880 1,022
    TEXAS ROADHOUSE INC 3,880 3,463
    TOPBUILD CORP 2,694 1,575
    ULTIMATE SOFTWARE GROUP INC 1,526 3,918
    UNDISCOVERED MANAGERS FDS BEHAVIORAL VALUE FD 141,228 129,702
    UNITED RENTALS INC 1,689 3,281
    UNIVERSAL HLTH SVCS INC 1,893 5,362
    VAIL RESORTS INC 3,834 2,951
    VANGUARD FTSE DEVELOPED MARKETS ETF 709,302 713,433
    VEEVA SYS INC 1,733 2,144
    WABASH NATL CORP 1,370 1,635
    WABCO HLDGS INC 2,881 2,898
    WATSCO INC 3,394 3,061
    WELLCARE GROUP INC 1,825 2,125
    WEX INC 2,664 5,322
    WORLD WRESTLING ENTMT INC CL A 1,361 1,046
    WRIGHT MED GROUP N V NETHERLANDS 1,543 1,552

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ARBITRAGE FUND CL I AT COST 152,841 154,194
    BLACKROCK GLOBAL L/S CR FUND INSTL SHS AT COST 155,557 141,704
    BLACKSTONE ALTERNATIVE MULTI-STRATEGY FUND-ISTL AT COST 358,204 357,790
    BOSTON PARTNERS GLOBAL LONG/SHORT FUND AT COST 151,932 140,793
    BOSTON PARTNERS LONG/SHORT RESH FUND INSTL CL AT COST 293,243 265,766
    DUKE RLTY CORP AT COST 2,948 3,781
    LIFE STORAGE INC REITS AT COST 2,624 3,813
    MFB NORTHERN FDS MULTI-MANAGER GLOBAL REAL ESTATE FD AT COST 394,622 385,924
    MFC POWERSHARES DB COMMODITY INDEX TRACKING FD UNIT BEN INT AT COST 553,754 498,775
    SUN COMMUNITIES INC AT COST 1,963 2,848

    TY 2018 OtherAssetsSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ANIMAL SCULPTURES - HELD FOR DONATION TO CITY OF WARROAD 0 79,000 79,000


    TY 2018 OtherDecreasesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Description Amount
    BROKER BASIS ADJUSTMENTS 124


    TY 2018 OtherExpensesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL FEE 25 0   25
    POWERSHARES DB COMMODITY FD - SCH K-1 DEDUCTIONS 0 5,059   0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEE 50,292 50,292   0


    TY 2018 TaxesSchedule
    Name:
    THE BILL AND MARGARET MARVIN FOUNDATION
    EIN:
    27-4708403
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX PAID - 2017 4,539 0   0
    FEDERAL ESTIMATED EXCISE TAX PAID 10,000 0   0