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
VIRGIL ADKINS TRUST 117702
 
Number and street (or P.O. box number if mail is not delivered to street address)1100 WEST ST GERMAIN STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST CLOUD, MN56301
A Employer identification number

41-1642234
B Telephone number (see instructions)

(320) 258-2464
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$1,213,127J 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 125 125  
4 Dividends and interest from securities... 33,629 33,629  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 133,064
b Gross sales price for all assets on line 6a 710,797
7 Capital gain net income (from Part IV, line 2)... 133,064
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 166,818 166,818  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,909 11,932   3,977
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 400 300 0 100
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,567 652   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 25 25    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 18,901 12,909 0 4,077
25 Contributions, gifts, grants paid....... 66,000 66,000
26 Total expenses and disbursements. Add lines 24 and 25 84,901 12,909 0 70,077
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 81,917
b Net investment income (if negative, enter -0-) 153,909
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.............      
2 Savings and temporary cash investments......... 10,576 109,977 109,977
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 91,113 Click to see attachment513,146 497,201
b Investments—corporate stock (attach schedule)....... 536,550 Click to see attachment600,812 558,734
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 559,899 Click to see attachment56,125 47,215
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,198,138 1,280,060 1,213,127
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
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........ 1,198,138 1,280,060
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,198,138 1,280,060
31 Total liabilities and net assets/fund balances (see instructions). 1,198,138 1,280,060
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
1,198,138
2
Enter amount from Part I, line 27a .....................
2
81,917
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
75
4
Add lines 1, 2, and 3 ..........................
4
1,280,130
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
70
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
1,280,060
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 47.42 FG G06782 4% 01 OCT 2041   2012-02-21 2018-01-15
b 339.29 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-01-20
c 104.99 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-01-25
d 29.25 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-01-25
e 189.51 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-01-25
85.23 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-01-25
69.29 FG G06782 4% 01 OCT 2041   2012-02-21 2018-02-15
275.01 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-02-20
66.45 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-02-25
34.22 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-02-25
94.49 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-02-25
68.58 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-02-25
1. ALPHABET INC-CL A   2016-09-02 2018-02-27
1. AMERISOURCEBERGEN CORP   2017-09-21 2018-02-27
1. AMGEN INC   2016-12-13 2018-02-27
15. CISCO SYSTEMS INC   2012-05-23 2018-02-27
5. CITIZENS FINANCIAL GROUP   2016-07-20 2018-02-27
1. EASTMAN CHEMICAL CO   2017-12-19 2018-02-27
3. F5 NETWORKS INC   2013-07-10 2018-02-27
2. GILEAD SCIENCES INC   2017-09-21 2018-02-27
5. IPG PHOTONICS CORP   2016-09-02 2018-02-27
4. INTEL CORP   2016-12-13 2018-02-27
4. JP MORGAN CHASE & CO   2015-04-16 2018-02-27
1. NVIDIA CORP   2016-09-02 2018-02-27
47. OMEGA HEALTHCARE INVESTORS   2017-03-08 2018-02-27
36. ON SEMICONDUCTOR CORP   2016-09-02 2018-02-27
51. PUBLIC SERVICE ENTERPRISE GP   2016-09-02 2018-02-27
2. PUBLIC SERVICE ENTERPRISE GP   2017-09-21 2018-02-27
12. QORVO INC   2017-12-19 2018-02-27
9. RIO TINTO PLC-SPON ADR   2017-12-19 2018-02-27
1. STATE STREET CORP   2016-12-13 2018-02-27
22. STRYKER CORP   2016-09-02 2018-02-27
4. SUNTRUST BKS INC   2016-07-20 2018-02-27
2. TOTAL SA-SPON ADR   2016-09-02 2018-02-27
1. UNITED RENTALS INC   2016-09-02 2018-02-27
1. UNITED TECHNOLOGIES CORP   2016-09-02 2018-02-27
1. UNITEDHEALTH GROUP INC   2016-09-02 2018-02-27
12. AON PLC COM USD0.01 CL A   2016-09-02 2018-02-27
16. DELPHI TECHNOLOGIES PLC   2016-09-02 2018-02-27
2. DELPHI TECHNOLOGIES PLC   2017-12-19 2018-02-27
3. TE CONNECTIVITY LTD   2016-05-19 2018-02-27
57.71 FG G06782 4% 01 OCT 2041   2012-02-21 2018-03-15
210.32 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-03-20
48.79 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-03-25
3.35 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-03-25
20.92 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-03-25
67.39 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-03-25
31.98 FG G06782 4% 01 OCT 2041   2012-02-21 2018-04-15
315.94 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-04-20
57.68 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-04-25
18.15 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-04-25
143.38 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-04-25
60.3 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-04-25
53.7 FG G06782 4% 01 OCT 2041   2012-02-21 2018-05-15
211.03 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-05-20
29. ABBVIE INC   2018-02-27 2018-05-21
1. ALPHABET INC-CL A   2016-09-02 2018-05-21
10. ALTRIA GROUP INC   2018-02-27 2018-05-21
57. ALTRIA GROUP INC   2016-09-02 2018-05-21
29. AMERISOURCEBERGEN CORP   2017-09-21 2018-05-21
6. AMERIPRISE FINANCIAL INC   2018-02-27 2018-05-21
34. AMERIPRISE FINANCIAL INC   2015-10-02 2018-05-21
20. AMGEN INC   2016-12-13 2018-05-21
6. AMGEN INC   2017-12-19 2018-05-21
5. ANTHEM INC   2017-09-21 2018-05-21
13. ANTHEM INC   2016-06-01 2018-05-21
212. BANK OF AMERICA CORP   2018-02-27 2018-05-21
8. BLACKROCK INC   2015-05-06 2018-05-21
3. BOOKING HOLDINGS INC   2016-12-13 2018-05-21
14. BROADCOM INC   2018-02-27 2018-05-21
59. CBS CORP-CLASS B NON VOTING   2017-03-08 2018-05-21
6. CBS CORP-CLASS B NON VOTING   2018-02-27 2018-05-21
65. CARNIVAL CORP   2016-09-02 2018-05-21
129. CISCO SYSTEMS INC   2012-05-23 2018-05-21
157. CITIZENS FINANCIAL GROUP   2016-07-20 2018-05-21
20. CITIZENS FINANCIAL GROUP   2017-09-21 2018-05-21
15. CORESITE REALTY CORP   2018-02-27 2018-05-21
57. DELTA AIR LINES INC   2016-09-02 2018-05-21
9. DELTA AIR LINES INC   2018-02-27 2018-05-21
2. DOWDUPONT INC   2018-02-27 2018-05-21
38. DOWDUPONT INC   2016-09-02 2018-05-21
21. EASTMAN CHEMICAL CO   2017-12-19 2018-05-21
2. FEDEX CORPORATION (NEW)   2017-09-21 2018-05-21
12. FEDEX CORPORATION (NEW)   2017-03-08 2018-05-21
34. F5 NETWORKS INC   2013-07-10 2018-05-21
138. FIRST DATA CORP- CLASS A   2018-02-27 2018-05-21
44. GILEAD SCIENCES INC   2017-12-19 2018-05-21
19. HOME DEPOT INC   2016-09-02 2018-05-21
2. IPG PHOTONICS CORP   2017-09-21 2018-05-21
9. IPG PHOTONICS CORP   2016-09-02 2018-05-21
42. ILLINOIS TOOL WORKS INC   2016-09-02 2018-05-21
2. ILLINOIS TOOL WORKS INC   2018-02-27 2018-05-21
24. INTEL CORP   2016-12-13 2018-05-21
15. IQVIA HOLDINGS INC   2018-02-27 2018-05-21
29. IQVIA HOLDINGS INC   2017-03-08 2018-05-21
64. LINCOLN NATIONAL CORP   2016-09-02 2018-05-21
63. MARATHON PETROLEUM CORP COM   2017-03-08 2018-05-21
3. MARATHON PETROLEUM CORP COM   2018-02-27 2018-05-21
120. MORGAN STANLEY GROUP INC DEAN   2018-02-27 2018-05-21
2. NVR INC   2015-07-16 2018-05-21
9. NVIDIA CORP   2016-09-02 2018-05-21
259. ON SEMICONDUCTOR CORP   2016-09-02 2018-05-21
38. OSHKOSH CORP   2016-09-02 2018-05-21
5. OSHKOSH CORP   2018-02-27 2018-05-21
84. PULTEGROUP INC   2017-05-04 2018-05-21
105. PULTEGROUP INC   2018-02-27 2018-05-21
71. QORVO INC   2017-03-08 2018-05-21
89. RIO TINTO PLC-SPON ADR   2017-05-04 2018-05-21
64. ROYAL DUTCH SHELL-SPON ADR-A   2018-02-27 2018-05-21
13. SEMPRA ENERGY   2018-02-27 2018-05-21
55. SOUTHWEST AIRLINES CO   2016-09-02 2018-05-21
19. SOUTHWEST AIRLINES CO   2018-02-27 2018-05-21
5. STATE STREET CORP   2017-09-21 2018-05-21
29. STATE STREET CORP   2016-12-13 2018-05-21
17. SUNTRUST BKS INC   2017-09-21 2018-05-21
53. SUNTRUST BKS INC   2016-07-20 2018-05-21
119. TOTAL SA-SPON ADR   2016-09-02 2018-05-21
6. TOTAL SA-SPON ADR   2017-12-19 2018-05-21
6. UNION PACIFIC CORP   2017-09-21 2018-05-21
20. UNION PACIFIC CORP   2015-07-16 2018-05-21
36. UNITED RENTALS INC   2016-09-02 2018-05-21
5. UNITED TECHNOLOGIES CORP   2017-09-21 2018-05-21
38. UNITED TECHNOLOGIES CORP   2016-09-02 2018-05-21
40. UNITEDHEALTH GROUP INC   2016-09-02 2018-05-21
6. VERIZON COMMUNICATION INC   2018-02-27 2018-05-21
39. VERIZON COMMUNICATION INC   2016-12-13 2018-05-21
30. WYNDHAM DESTINATIONS INC   2016-09-02 2018-05-21
1. WYNDHAM DESTINATIONS INC   2018-02-27 2018-05-21
24. AON PLC COM USD0.01 CL A   2016-09-02 2018-05-21
5. AON PLC COM USD0.01 CL A   2017-12-19 2018-05-21
56. INVESCO LTD   2018-02-27 2018-05-21
52. INVESCO LTD   2016-09-02 2018-05-21
49. APTIV PLC   2016-09-02 2018-05-21
10. APTIV PLC   2018-02-27 2018-05-21
55. TE CONNECTIVITY LTD   2016-05-19 2018-05-21
86.83 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-05-25
25.25 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-05-25
62.84 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-05-25
62.8 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-05-25
48.1 FG G06782 4% 01 OCT 2041   2012-02-21 2018-06-15
262.64 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-06-20
114.46 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-06-25
34.43 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-06-25
121.21 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-06-25
49.43 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-06-25
84.81 FG G06782 4% 01 OCT 2041   2012-02-21 2018-07-15
252.91 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-07-20
18.66 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-07-25
31.18 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-07-25
18.79 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-07-25
33.12 FNMA PL #727437 4.500% 7/01/18   2010-02-23 2018-07-25
77.87 FG G06782 4% 01 OCT 2041   2012-02-21 2018-08-15
231.81 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-08-20
584.339 BAIRD CORE PLUS BOND-INST   2016-10-19 2018-08-23
373.124 BARON GROWTH FUND-INST   2017-03-08 2018-08-23
3. BIOGEN INC   2018-02-27 2018-08-23
3358.562 BLACKROCK HIGH YIELD PT-INST   2017-05-04 2018-08-23
4. CVS CORP   2016-09-02 2018-08-23
7. EOG RESOURCES INC   2018-05-21 2018-08-23
4. EXPRESS SCRIPTS HOLDING CO   2018-02-27 2018-08-23
11. EXXON MOBIL CORPORATION   2018-05-21 2018-08-23
8103.728 FEDERATED STRAT VAL DVD-IS   2010-05-04 2018-08-23
3366.337 JPMORGAN MULTI-MGR ALTER-I   2017-03-08 2018-08-23
1. NIKE INC CLASS B   2018-05-21 2018-08-23
377.658 OPPENHEIMER DEVELOPING MKT-Y   2017-05-04 2018-08-23
50. QUALCOMM INC   2018-05-21 2018-08-23
5. SHIRE PLC-ADR   2018-05-21 2018-08-23
2. TJX COMPANIES INC NEW   2018-05-21 2018-08-23
29.023 VANGUARD TTL INTL BND-ADM   2016-11-15 2018-08-23
808.691 VANGUARD GROWTH INDEX-ADM   2017-05-04 2018-08-23
320.954 VANGUARD SML CAP INDX-ADM   2017-05-04 2018-08-23
74.637 VANGUARD 500 INDEX-ADM   2017-05-04 2018-08-23
59.1 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-08-25
9.25 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-08-25
101.54 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-08-25
28.26 FG G06782 4% 01 OCT 2041   2012-02-21 2018-09-15
307.06 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-09-20
66.1 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-09-25
25.86 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-09-25
117.6 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-09-25
.9 GARRETT MOTION INC   2018-08-23 2018-10-12
22.95 FG G06782 4% 01 OCT 2041   2012-02-21 2018-10-15
215.9 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-10-20
22.74 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-10-25
15.35 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-10-25
79.31 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-10-25
.1667 RESIDEO TECHNOLOGIES INC   2018-08-23 2018-11-12
46.44 FG G06782 4% 01 OCT 2041   2012-02-21 2018-11-15
199.19 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-11-20
55.49 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-11-25
13.7 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-11-25
99.26 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-11-25
52.86 FG G06782 4% 01 OCT 2041   2012-02-21 2018-12-03
32.91 FN 256636 5.5% 01 MAR 2037   2013-11-15 2018-12-03
8.81 FN 257003 5.5% 01 DEC 2037   2011-04-26 2018-12-03
109.44 FN AJ0029 4% 01 OCT 2041   2012-03-23 2018-12-03
208.02 GNR 2010-113 PG 2.5% 20 OCT 2037   2010-10-13 2018-12-03
3041.475 BAIRD CORE PLUS BOND-INST   2018-06-08 2018-12-19
1105.991 BAIRD CORE PLUS BOND-INST   2018-06-08 2018-12-19
1675.227 LAZARD GLBL LSTD INFRA-INST   2018-08-23 2018-12-19
338.197 LAZARD GLBL LSTD INFRA-INST   2017-05-04 2018-12-19
590.784 ROWE T PRICE REAL ESTATE FD COM   2018-08-23 2018-12-19
3416.149 TCW TOTAL RETURN BOND-I   2018-08-23 2018-12-19
64.92 TCW TOTAL RETURN BOND-I   2018-08-23 2018-12-19
866.757 TCW TOTAL RETURN BOND-I   2016-10-19 2018-12-19
53. EXPRESS SCRIPTS HOLDING CO   2018-05-21 2018-12-24
CAPITAL GAIN 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 47   48 -1
b 339   341 -2
c 105   107 -2
d 29   30 -1
e 190   192 -2
85   85  
69   70 -1
275   276 -1
66   68 -2
34   35 -1
94   96 -2
69   69  
1,139   795 344
101   80 21
188   149 39
679   251 428
226   106 120
103   93 10
454   216 238
163   165 -2
1,238   433 805
202   147 55
474   257 217
248   63 185
1,223   1,444 -221
891   399 492
2,541   2,177 364
100   93 7
984   809 175
512   370 142
108   80 28
3,636   2,154 1,482
289   173 116
116   98 18
180   83 97
136   107 29
236   137 99
1,720   1,342 378
776   555 221
97   104 -7
316   174 142
58   59 -1
210   211 -1
49   50 -1
3   3  
21   21  
67   67  
32   32  
316   317 -1
58   59 -1
18   18  
143   146 -3
60   60  
54   54  
211   212 -1
3,077   2,553 524
1,082   795 287
556   651 -95
3,167   3,074 93
2,449   2,308 141
856   912 -56
4,850   3,662 1,188
3,523   2,975 548
1,057   1,063 -6
1,167   919 248
3,034   1,715 1,319
6,468   5,657 811
4,342   2,916 1,426
6,202   4,406 1,796
3,333   3,406 -73
3,065   3,635 -570
312   334 -22
4,211   3,036 1,175
5,617   2,147 3,470
6,577   3,319 3,258
838   719 119
1,548   1,424 124
3,090   2,246 844
488   457 31
137   145 -8
2,605   2,060 545
2,283   1,944 339
509   439 70
3,053   2,351 702
5,922   2,448 3,474
2,653   2,475 178
2,967   3,518 -551
3,603   2,578 1,025
489   366 123
2,199   780 1,419
6,295   5,063 1,232
300   333 -33
1,297   769 528
1,525   1,428 97
2,949   2,298 651
4,475   3,041 1,434
4,959   3,122 1,837
236   199 37
6,510   6,190 320
6,032   2,816 3,216
2,174   567 1,607
6,128   2,779 3,349
3,014   2,073 941
397   420 -23
2,515   1,939 576
3,144   2,856 288
5,725   4,731 994
5,259   3,531 1,728
4,708   4,139 569
1,332   1,444 -112
2,881   2,030 851
995   1,083 -88
499   479 20
2,896   969 1,927
1,171   963 208
3,651   2,295 1,356
7,608   5,809 1,799
384   329 55
871   689 182
2,905   1,918 987
6,250   2,984 3,266
639   573 66
4,859   3,870 989
9,889   5,460 4,429
290   294 -4
1,886   2,058 -172
3,268   2,132 1,136
109   117 -8
3,416   2,685 731
712   689 23
1,604   1,870 -266
1,489   1,638 -149
4,808   2,880 1,928
981   912 69
5,271   3,181 2,090
87   88 -1
25   26 -1
63   64 -1
63   63  
48   49 -1
263   264 -1
114   116 -2
34   35 -1
121   123 -2
49   49  
85   86 -1
253   254 -1
19   19  
31   32 -1
19   19  
33   33  
78   79 -1
232   233 -1
6,399   6,650 -251
31,089   25,576 5,513
1,023   874 149
25,760   25,750 10
294   376 -82
815   889 -74
352   314 38
871   903 -32
47,650   29,349 18,301
51,236   49,850 1,386
83   72 11
15,442   13,613 1,829
3,350   2,861 489
851   842 9
215   169 46
635   632 3
65,334   51,972 13,362
25,150   19,697 5,453
19,744   16,483 3,261
59   60 -1
9   9  
102   103 -1
28   29 -1
307   308 -1
66   67 -1
26   26  
118   119 -1
14   14  
23   23  
216   217 -1
23   23  
15   16 -1
79   80 -1
4   5 -1
46   47 -1
199   200 -1
55   56 -1
14   14  
99   101 -2
53   54 -1
33   34 -1
9   9  
109   112 -3
208   208  
33,000   33,030 -30
12,000   12,011 -11
24,961   26,117 -1,156
5,039   5,543 -504
15,000   16,861 -1,861
33,000   33,171 -171
627   630 -3
8,373   8,997 -624
4,934   4,077 857
      16,626
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1
b       -2
c       -2
d       -1
e       -2
       
      -1
      -1
      -2
      -1
      -2
       
      344
      21
      39
      428
      120
      10
      238
      -2
      805
      55
      217
      185
      -221
      492
      364
      7
      175
      142
      28
      1,482
      116
      18
      97
      29
      99
      378
      221
      -7
      142
      -1
      -1
      -1
       
       
       
       
      -1
      -1
       
      -3
       
       
      -1
      524
      287
      -95
      93
      141
      -56
      1,188
      548
      -6
      248
      1,319
      811
      1,426
      1,796
      -73
      -570
      -22
      1,175
      3,470
      3,258
      119
      124
      844
      31
      -8
      545
      339
      70
      702
      3,474
      178
      -551
      1,025
      123
      1,419
      1,232
      -33
      528
      97
      651
      1,434
      1,837
      37
      320
      3,216
      1,607
      3,349
      941
      -23
      576
      288
      994
      1,728
      569
      -112
      851
      -88
      20
      1,927
      208
      1,356
      1,799
      55
      182
      987
      3,266
      66
      989
      4,429
      -4
      -172
      1,136
      -8
      731
      23
      -266
      -149
      1,928
      69
      2,090
      -1
      -1
      -1
       
      -1
      -1
      -2
      -1
      -2
       
      -1
      -1
       
      -1
       
       
      -1
      -1
      -251
      5,513
      149
      10
      -82
      -74
      38
      -32
      18,301
      1,386
      11
      1,829
      489
      9
      46
      3
      13,362
      5,453
      3,261
      -1
       
      -1
      -1
      -1
      -1
       
      -1
       
       
      -1
       
      -1
      -1
      -1
      -1
      -1
      -1
       
      -2
      -1
      -1
       
      -3
       
      -30
      -11
      -1,156
      -504
      -1,861
      -171
      -3
      -624
      857
       
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 2 133,064
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 66,523 1,304,298 0.051003
2016 67,481 1,219,897 0.055317
2015 66,572 1,311,330 0.050767
2014 65,000 1,360,659 0.047771
2013 62,550 1,313,466 0.047622
2
Total of line 1, column (d) .....................
2
0.25248
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
0.050496
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,334,869
5
Multiply line 4 by line 3......................
5
67,406
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,539
7
Add lines 5 and 6........................
7
68,945
8
Enter qualifying distributions from Part XII, line 4,.............
8
70,077
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 1,539
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 1,539
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 1,539
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 1,600
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,600
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 61
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet61 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbullet  
    14
    The books are in care ofbulletBREMER TRUST NA Telephone no.bullet (320) 258-2464

    Located atbullet1100 WEST ST GERMAIN STREETST CLOUDMN ZIP+4bullet56301
    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
     
    No
    ........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 bullet2008, 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
    Yes
     
    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
    BREMER TRUST N A TRUSTEE
    1     		15,909    
    1100 WEST ST GERMIAN STREET
    ST CLOUD,MN56301
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,336,567
    b
    Average of monthly cash balances.......................
    1b
    18,630
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,355,197
    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
    1,355,197
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    20,328
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,334,869
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    66,743
    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
    66,743
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,539
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,539
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    65,204
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    65,204
    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
    65,204
    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
    70,077
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    70,077
    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
    1,539
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    68,538
    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 65,204
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 51,756
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 0
    b From 2014...... 0
    c From 2015...... 0
    d From 2016...... 0
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 70,077
    a Applied to 2017, but not more than line 2a 51,756
    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..... 18,321
    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 ..........     		46,883
    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.... 0
    b Excess from 2015.... 0
    c Excess from 2016.... 0
    d Excess from 2017.... 0
    e Excess from 2018.... 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    MINNEAPOLIS SOCIETY FOR THE BLIND
    MS KATE GRATHWOL
    1936 LYNDALE AVE S
    MINNEAPOLIS,MN554033101     		NONE PC GRAL OPERATING CHARITABLE 26,400
    SIGHT & HEARING ASSOCIATION
    MS KATHY WEBB EXECUTIVE DIRECTOR
    1246 UNIVERSITY AVE W STE 226
    ST PAUL,MN551044125     		NONE PC GRAL OPERATING CHARITABLE 19,800
    COURAGE KENNY FOUNDATION
    ATTN - STEPHEN BARITEAU
    3915 GOLDEN VALLEY RD
    MINNEAPOLIS,MN55422     		NONE SO-I PROGRAM SUPPORT 9,900
    FOLEY SCHOOL DISTRICT
    621 PENN STREET
    FOLEY,MN56329     		NONE PC SCHOLARSHIPS 4,950
    MILACA PUBLIC SCHOOLS
    DAMIAN PATNODE PRINCIPAL
    500 HWY 23 W
    MILACA,MN56353     		NONE PC SCHOLARSHIPS 4,950
    Total .................................bullet 3a 66,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 125  
    4 Dividends and interest from securities....     14 33,629  
    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 ............     		    18 133,064  
    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)..   166,818  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    166,818
    (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:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 400 300   100

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Name of Stock End of Year Book Value End of Year Fair Market Value
    FEDERATED STRATEGIC VAL DIV IS    
    OPPENHEIMER DEVELOPING MKT-Y    
    APPLE, INC.    
    CELGENE CORP    
    CISCO SYSTEMS, INC.    
    STATE STREET CORP    
    F5 NETWORKS    
    ALPHABET INC. CL A    
    ALTRIA GROUP    
    AMERIPRISE FINANCIAL INC.    
    BLACKROCK INC. CL A    
    DELTA AIRLINES INC    
    GILEAD SCIENCES INC.    
    HOME DEPOT INC.    
    JP MORGAN CHASE & CO    
    LINCOLN NATL CORP    
    MARATHON PETROLEUM CORP    
    NVR INC.    
    ON SEMICONDUCTOR CORP    
    PRICELINE GROUP INC.    
    SOUTHWEST AIRLINES    
    STRYKER CORP    
    UNION PAC CORP    
    UNITED TECHNOLOGIES    
    UNITEDHEALTH GROUP INC.    
    BARON GROWTH FUND - INS    
    AMGEN INC    
    ANTHEM INC    
    AON PLC    
    CARNIVAL CORP    
    CBS CORPORATION CLASS B    
    CITIZENS FINANCIAL GROUP INC    
    CVS HEALTH CORP    
    DELPHI AUTOMOTIVE PLC    
    DOW CHEMICAL COMPANY    
    FEDEX CORPORATION    
    ILLINOIS TOOLWKS INC    
    INTEL CORP    
    INVESCO LIMITED    
    IPG PHOTONICS CORP    
    NVIDIA CORP    
    OSHKOSH CORP    
    PUBLIC SERVICE ENTERPRISE GROU    
    SUNTRUST BANKS INC    
    TE CONNECTIVITY LIMITED    
    UNITED RENTALS INC    
    VERIZON COMMUNICATIONS    
    WYNDHAM WORLDWIDE CORP    
    RIO TINTO PLS SPONS ADR    
    ROYAL DUTCH SHELL SPONS ADR    
    TOTAL S.A. SPONS ADR    
    LAZARD GL LIST INFRASTR-INST    
    ABBVIE INC    
    AMERISOURCEBERGEN CORP    
    BANK OF AMERICA CORP    
    EASTMAN CHEMICAL CO    
    FIRST DATA CORP CL A    
    IQVIA HOLDINGS INC    
    MORGAN STANLEY    
    PULTEGROUP INC    
    QORVO INC    
    VANGUARD GROWTH INDEX FD ADM    
    APTIV PLC    
    BROADCOM LTD    
    FIDELITY OVERSEAS FUND    
    OAKMARK INTERNATIONAL INST    
    OMEGA HEALTHCARE INVESTORS REI    

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


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


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    JPMORGAN MULTI-MGR ALTER-SEL      
    VANGUARD 500 INDEX FUND - ADM      
    VANGUARD SMALL-CAP INDEX ADM      
    BAIRD CORE PLUS BOND FUND-IS      
    BLACKROCK HIGH YIELD PT-INST      
    TCW TOTAL RETURN BOND-I      
    VANGUARD TOTAL INTL BND-ADM      

    TY 2018 OtherDecreasesSchedule
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Description Amount
    AMORTIZATION 56
    BASIS ADJUSTMENTS 14


    TY 2018 OtherExpensesSchedule
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER NON-ALLOCABLE EXPENSE - 25 25   0
    OTHER EXPENSE (NON-DEDUCTIBLE   0   0


    TY 2018 OtherIncreasesSchedule
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Description Amount
    TIMING OF INCOME ADJUSTMENT 71
    ROUNDING 4


    TY 2018 TaxesSchedule
    Name:
    VIRGIL ADKINS TRUST 117702
    EIN:
    41-1642234
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 71 71   0
    FEDERAL TAX PAYMENT - PRIOR YE 315 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,600 0   0
    FOREIGN TAXES ON QUALIFIED FOR 579 579   0
    FOREIGN TAXES ON NONQUALIFIED 2 2   0