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 11-01-2018 , and ending 10-31-2019
Name of foundation
MINERVA FOUNDATION-INVESCO
 
Number and street (or P.O. box number if mail is not delivered to street address)114 W 47TH ST NY8-114-07-07 AFT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY100361510
A Employer identification number

20-1836334
B Telephone number (see instructions)

(888) 866-3275
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$9,551,451J 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) 300,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 234,388 234,388  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 73,403
b Gross sales price for all assets on line 6a 2,452,619
7 Capital gain net income (from Part IV, line 2)... 73,403
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........ 607,791 307,791  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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 1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment 58,057 34,834   23,223
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,858 2,653   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 15,000     15,000
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 84,415 37,487 0 39,723
25 Contributions, gifts, grants paid....... 536,218 536,218
26 Total expenses and disbursements. Add lines 24 and 25 620,633 37,487 0 575,941
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,842
b Net investment income (if negative, enter -0-) 270,304
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............. 11,669 4 4
2 Savings and temporary cash investments......... 172,287 219,369 219,369
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,035,643 Click to see attachment7,974,799 9,332,078
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) 8,219,599 8,194,172 9,551,451
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........ 8,219,599 8,194,172
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)..... 8,219,599 8,194,172
31 Total liabilities and net assets/fund balances (see instructions). 8,219,599 8,194,172
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
8,219,599
2
Enter amount from Part I, line 27a .....................
2
-12,842
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,206,757
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
12,585
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,194,172
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 6. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2018-11-08
b 41. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2018-11-15
c 67. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2018-11-15
d 32. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-07-03 2019-01-08
e 571. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2019-01-08
410. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2019-01-08
6. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2019-01-08
67. ISHARES US & INTL HIGH YIELD CORP BD ETF   2018-04-04 2019-01-08
101. ISHARES MSCI CANADA ETF   2013-05-13 2018-11-08
5. ISHARES MSCI CANADA ETF   2013-05-13 2018-11-08
4. ISHARES MSCI CANADA ETF   2013-06-10 2018-11-08
291. ISHARES MSCI CANADA ETF   2013-06-10 2019-03-14
63. ISHARES MSCI CANADA ETF   2013-05-13 2019-10-18
254. ISHARES MSCI EUROZONE ETF   2015-09-15 2018-11-06
118. ISHARES MSCI EUROZONE ETF   2016-06-15 2018-11-06
24. ISHARES MSCI EUROZONE ETF   2016-08-05 2018-11-06
361. ISHARES MSCI EUROZONE ETF   2017-01-18 2018-11-06
244. ISHARES MSCI EUROZONE ETF   2017-01-18 2018-11-08
204. ISHARES MSCI EUROZONE ETF   2014-07-11 2019-01-08
166. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-01-08
100. ISHARES MSCI EUROZONE ETF   2016-06-23 2019-01-08
138. ISHARES MSCI EUROZONE ETF   2014-07-26 2019-01-08
393. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-03-14
875. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-06-05
862. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-06-05
8. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-10-09
337. ISHARES MSCI EUROZONE ETF   2017-01-18 2019-10-18
518. ISHARES MSCI PACIFIC EX JAPAN ETF   2015-09-15 2018-11-06
221. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-06-15 2018-11-06
46. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-06-15 2018-11-08
43. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-08-05 2018-11-08
678. ISHARES MSCI PACIFIC EX JAPAN ETF   2014-08-06 2019-01-08
454. ISHARES MSCI PACIFIC EX JAPAN ETF   2014-12-10 2019-01-08
7. ISHARES MSCI PACIFIC EX JAPAN ETF   2014-08-21 2019-01-08
90. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-08-05 2019-01-08
22. ISHARES MSCI PACIFIC EX JAPAN ETF   2014-12-10 2019-03-14
44. ISHARES MSCI PACIFIC EX JAPAN ETF   2015-05-11 2019-03-14
210. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-08-05 2019-06-05
204. ISHARES MSCI PACIFIC EX JAPAN ETF   2015-05-11 2019-06-05
44. ISHARES MSCI PACIFIC EX JAPAN ETF   2015-05-11 2019-06-05
213. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-06-23 2019-06-05
154. ISHARES MSCI PACIFIC EX JAPAN ETF   2016-08-05 2019-06-05
499. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-01-18 2019-06-05
8. ISHARES MSCI PACIFIC EX JAPAN ETF   2017-01-18 2019-10-18
73. ISHARES MSCI SWITZERLAND ETF   2013-05-13 2018-11-08
139. ISHARES MSCI SWITZERLAND ETF   2013-10-10 2019-03-14
19. ISHARES MSCI SWITZERLAND ETF   2013-06-03 2019-10-18
17. ISHARES MSCI SWITZERLAND ETF   2013-05-13 2019-10-18
93. ISHARES MSCI SWITZERLAND ETF   2015-09-15 2019-10-18
24. ISHARES MSCI SWEDEN ETF   2013-05-13 2018-11-08
33. ISHARES MSCI SWEDEN ETF   2013-05-13 2019-03-14
59. ISHARES TIPS BOND ETF   2015-02-02 2019-01-10
12. ISHARES TIPS BOND ETF   2015-02-09 2019-01-10
110. ISHARES TIPS BOND ETF   2015-11-16 2019-01-10
1. ISHARES TIPS BOND ETF   2015-11-16 2019-01-10
75. ISHARES TIPS BOND ETF   2015-11-16 2019-01-10
59. ISHARES TIPS BOND ETF   2015-02-02 2019-01-18
12. ISHARES TIPS BOND ETF   2015-02-09 2019-01-18
108. ISHARES TIPS BOND ETF   2015-11-16 2019-01-18
33. ISHARES TIPS BOND ETF   2015-11-16 2019-10-18
73. ISHARES CORE S&P 500 ETF   2014-01-10 2018-11-08
22. ISHARES CORE S&P 500 ETF   2015-02-09 2018-11-08
1. ISHARES CORE S&P 500 ETF   2015-04-10 2018-11-08
14. ISHARES CORE S&P 500 ETF   2015-05-11 2018-11-08
107. ISHARES CORE S&P 500 ETF   2015-09-15 2018-11-08
122. ISHARES CORE S&P 500 ETF   2013-07-05 2019-01-08
43. ISHARES CORE S&P 500 ETF   2013-08-13 2019-01-08
103. ISHARES CORE S&P 500 ETF   2015-09-15 2019-01-08
169. ISHARES CORE S&P 500 ETF   2013-10-10 2019-03-14
138. ISHARES CORE S&P 500 ETF   2013-08-13 2019-03-14
62. ISHARES CORE S&P 500 ETF   2015-09-15 2019-10-18
48. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2018-11-06
101. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2018-11-06
34. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2018-11-08
188. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2018-11-15
140. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2019-03-06
54. ISHARES IBOXX $ INVT GRADE CORP BD   2017-04-05 2019-03-06
13. ISHARES IBOXX $ INVT GRADE CORP BD   2017-12-07 2019-03-06
38. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2019-03-06
48. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2019-03-06
27. ISHARES IBOXX $ INVT GRADE CORP BD   2017-04-05 2019-03-14
31. ISHARES IBOXX $ INVT GRADE CORP BD   2017-01-18 2019-03-14
167. ISHARES IBOXX $ INVT GRADE CORP BD   2018-01-04 2019-06-05
47. ISHARES IBOXX $ INVT GRADE CORP BD   2017-04-05 2019-06-05
15. ISHARES IBOXX $ INVT GRADE CORP BD   2017-12-06 2019-06-05
187. ISHARES IBOXX $ INVT GRADE CORP BD   2018-01-04 2019-06-05
40. ISHARES IBOXX $ INVT GRADE CORP BD   2017-12-07 2019-06-05
64. ISHARES IBOXX $ INVT GRADE CORP BD   2018-01-04 2019-10-18
404. ISHARES MBS ETF   2015-11-16 2019-01-10
390. ISHARES MBS ETF   2015-11-16 2019-01-10
4. ISHARES MBS ETF   2015-11-16 2019-01-16
565. ISHARES MBS ETF   2015-11-16 2019-01-18
54. ISHARES MBS ETF   2015-11-16 2019-10-18
1. ISHARES US TREASURY BOND ETF   2018-04-04 2018-11-08
109. ISHARES US TREASURY BOND ETF   2018-04-04 2018-11-15
106. ISHARES US TREASURY BOND ETF   2018-04-04 2018-11-15
330. ISHARES US TREASURY BOND ETF   2018-04-04 2019-01-08
309. ISHARES US TREASURY BOND ETF   2018-04-04 2019-01-08
1. ISHARES US TREASURY BOND ETF   2018-04-04 2019-10-18
364. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-11 2018-11-08
88. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-11 2019-03-14
258. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-17 2019-03-14
281. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-01-10 2019-10-09
580. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-12-10 2019-10-09
129. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-17 2019-10-09
16. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-26 2019-10-09
108. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-26 2019-10-09
114. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-12-10 2019-10-09
54. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-01-10 2019-10-09
239. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-12-10 2019-10-09
202. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-11 2019-10-09
4. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-17 2019-10-09
194. ISHARES CORE MSCI EMERGING MARKETS ETF   2013-12-17 2019-10-09
7. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-02-09 2019-10-18
78. ISHARES CORE MSCI EMERGING MARKETS ETF   2014-12-10 2019-10-18
161. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-09-15 2019-10-18
90. ISHARES MSCI JAPAN ETF   2017-12-07 2018-11-06
10. ISHARES MSCI JAPAN ETF   2017-12-07 2018-11-06
14. ISHARES MSCI JAPAN ETF   2017-12-07 2018-11-06
421. ISHARES MSCI JAPAN ETF   2018-04-04 2018-11-06
20. ISHARES MSCI JAPAN ETF   2017-12-07 2018-11-08
1363. ISHARES MSCI JAPAN ETF   2018-04-04 2019-01-08
2. ISHARES MSCI JAPAN ETF   2017-12-06 2019-01-08
84. ISHARES MSCI JAPAN ETF   2017-12-21 2019-01-08
21. ISHARES MSCI JAPAN ETF   2017-12-21 2019-01-08
443. ISHARES MSCI JAPAN ETF   2018-04-04 2019-01-08
70. ISHARES MSCI JAPAN ETF   2017-12-07 2019-01-08
14. ISHARES MSCI JAPAN ETF   2017-12-20 2019-01-08
6. ISHARES MSCI UNITED KINGDOM ETF   2013-05-13 2018-11-08
185. ISHARES MSCI UNITED KINGDOM ETF   2013-05-13 2018-11-08
106. ISHARES MSCI UNITED KINGDOM ETF   2015-12-11 2018-11-08
9. ISHARES MSCI UNITED KINGDOM ETF   2016-01-08 2018-11-08
9. ISHARES MSCI UNITED KINGDOM ETF   2016-05-06 2019-01-08
35. ISHARES MSCI UNITED KINGDOM ETF   2016-01-08 2019-01-08
763. ISHARES MSCI UNITED KINGDOM ETF   2016-01-08 2019-01-08
22. ISHARES MSCI UNITED KINGDOM ETF   2014-12-10 2019-01-08
1537. ISHARES MSCI UNITED KINGDOM ETF   2015-12-11 2019-01-08
2. ISHARES MSCI UNITED KINGDOM ETF   2013-05-13 2019-01-08
43. ISHARES MSCI UNITED KINGDOM ETF   2016-04-15 2019-01-08
59. ISHARES MSCI UNITED KINGDOM ETF   2016-03-18 2019-01-08
89. ISHARES MSCI UNITED KINGDOM ETF   2013-05-28 2019-01-08
37. ISHARES MSCI UNITED KINGDOM ETF   2016-05-06 2019-01-08
250. ISHARES MSCI UNITED KINGDOM ETF   2016-05-06 2019-01-08
193. ISHARES MSCI UNITED KINGDOM ETF   2016-01-08 2019-01-08
185. ISHARES MSCI UNITED KINGDOM ETF   2013-05-13 2019-01-08
6. ISHARES MSCI UNITED KINGDOM ETF   2013-05-13 2019-01-08
21. ISHARES MSCI UNITED KINGDOM ETF   2016-04-15 2019-01-08
228. ISHARES MSCI UNITED KINGDOM ETF   2016-06-15 2019-01-08
579. ISHARES MSCI UNITED KINGDOM ETF   2016-03-18 2019-01-08
398. ISHARES MSCI UNITED KINGDOM ETF   2016-03-18 2019-01-08
312. ISHARES MSCI UNITED KINGDOM ETF   2016-05-06 2019-03-14
727. SCHWAB SHORT-TERM U.S. TREASURY ETF   2017-10-24 2019-01-10
939. SCHWAB SHORT-TERM U.S. TREASURY ETF   2017-10-24 2019-01-10
1912. SCHWAB SHORT-TERM U.S. TREASURY ETF   2017-10-24 2019-01-18
59. SCHWAB SHORT-TERM U.S. TREASURY ETF   2017-10-24 2019-10-18
804. VANGUARD SHORT-TERM BOND ETF   2014-02-10 2019-01-10
855. VANGUARD SHORT-TERM BOND ETF   2014-01-10 2019-01-10
640. VANGUARD SHORT-TERM BOND ETF   2014-01-10 2019-01-10
162. VANGUARD SHORT-TERM BOND ETF   2013-06-12 2019-01-10
1559. VANGUARD SHORT-TERM BOND ETF   2013-05-13 2019-01-10
222. VANGUARD SHORT-TERM BOND ETF   2014-04-21 2019-01-10
949. VANGUARD SHORT-TERM BOND ETF   2013-05-13 2019-01-16
640. VANGUARD SHORT-TERM BOND ETF   2014-01-10 2019-01-18
162. VANGUARD SHORT-TERM BOND ETF   2013-06-12 2019-01-18
610. VANGUARD SHORT-TERM BOND ETF   2013-05-13 2019-01-18
1412. VANGUARD SHORT-TERM BOND ETF   2014-04-21 2019-01-18
15. VANGUARD SHORT-TERM BOND ETF   2015-02-02 2019-10-18
208. VANGUARD SHORT-TERM BOND ETF   2014-04-21 2019-10-18
7. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-04-15 2018-11-08
516. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-04-15 2018-11-15
54. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-04-05 2019-03-06
399. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-01-18 2019-03-06
19. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-10-06 2019-03-06
64. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-04-15 2019-03-06
7. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-04-15 2019-03-06
265. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-01-18 2019-03-06
148. VANGUARD TOTAL INTERNATIONAL BOND ETF   2016-04-27 2019-03-06
55. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-04-05 2019-03-14
96. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-06-05 2019-03-14
308. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-06-05 2019-04-04
66. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-04-05 2019-04-04
250. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-01-18 2019-04-04
79. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-06-05 2019-10-09
13. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-04-05 2019-10-09
2. VANGUARD TOTAL INTERNATIONAL BOND ETF   2017-06-05 2019-10-09
150. VANGUARD SHORT-TERM CORPORATE BOND ETF   2016-11-22 2019-01-10
208. VANGUARD SHORT-TERM CORPORATE BOND ETF   2016-11-22 2019-01-10
196. VANGUARD SHORT-TERM CORPORATE BOND ETF   2018-01-02 2019-01-16
188. VANGUARD SHORT-TERM CORPORATE BOND ETF   2017-01-09 2019-01-16
601. VANGUARD SHORT-TERM CORPORATE BOND ETF   2016-11-22 2019-01-16
208. VANGUARD SHORT-TERM CORPORATE BOND ETF   2016-11-22 2019-01-16
25. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2018-11-08
323. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2018-11-15
25. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2018-11-15
56. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2018-11-15
102. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-04-04 2018-11-15
3. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-07-03 2019-03-06
213. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2019-03-06
701. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-04-04 2019-03-06
668. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-03-06
324. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-04-04 2019-03-06
102. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-04-04 2019-03-06
56. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2019-03-06
323. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2019-03-06
25. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-04 2019-03-06
447. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-11-06 2019-03-06
321. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-11 2019-03-06
83. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-01-24 2019-03-06
155. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-03-14
1062. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-04-04
320. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2018-11-06 2019-04-04
779. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-04-04
1132. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-06-05
623. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-08 2019-06-05
506. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-15 2019-06-05
195. VANGUARD MORTGAGE-BACKED SECURITIES ETF   2019-01-15 2019-10-18
99. VANGUARD TOTAL STOCK MARKET ETF   2017-01-18 2018-11-08
1. VANGUARD TOTAL STOCK MARKET ETF   2017-01-18 2019-01-08
206. VANGUARD TOTAL STOCK MARKET ETF   2017-01-18 2019-03-14
9. VANGUARD TOTAL STOCK MARKET ETF   2017-01-18 2019-10-18
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 290   300 -10
b 1,946   2,047 -101
c 3,180   3,346 -166
d 1,503   1,562 -59
e 26,825   28,514 -1,689
19,262   20,474 -1,212
282   299 -17
3,148   3,399 -251
2,743   2,754 -11
136   141 -5
109   111 -2
8,067   8,058 9
1,803   1,667 136
9,642   9,092 550
4,479   3,885 594
911   799 112
13,703   12,722 981
9,394   8,599 795
7,355   8,395 -1,040
5,985   5,850 135
3,605   3,461 144
4,976   5,555 -579
15,248   13,849 1,399
33,976   30,835 3,141
33,471   30,377 3,094
305   282 23
13,429   11,876 1,553
22,189   19,407 2,782
9,467   8,508 959
2,002   1,771 231
1,871   1,785 86
28,315   34,088 -5,773
18,960   20,480 -1,520
292   351 -59
3,759   3,735 24
998   992 6
1,995   2,039 -44
9,545   8,715 830
9,272   9,453 -181
2,000   2,055 -55
9,681   8,428 1,253
7,000   6,391 609
22,681   20,886 1,795
361   335 26
2,454   2,165 289
4,878   4,240 638
713   566 147
638   504 134
3,492   2,855 637
724   802 -78
1,001   1,062 -61
6,485   6,823 -338
1,319   1,367 -48
12,092   12,109 -17
110   110  
8,244   8,256 -12
6,472   6,803 -331
1,316   1,363 -47
11,847   11,889 -42
3,829   3,633 196
20,649   13,492 7,157
6,223   4,542 1,681
283   211 72
3,960   2,979 981
30,266   21,216 9,050
31,299   19,847 11,452
11,032   7,317 3,715
26,425   20,423 6,002
47,843   28,469 19,374
39,067   23,482 15,585
18,593   12,293 6,300
5,381   5,655 -274
11,322   11,899 -577
3,823   4,006 -183
20,941   22,148 -1,207
16,215   16,493 -278
6,254   6,364 -110
1,506   1,579 -73
4,401   4,477 -76
5,559   5,689 -130
3,145   3,182 -37
3,611   3,652 -41
20,175   20,199 -24
5,678   5,539 139
1,812   1,822 -10
22,592   22,618 -26
4,832   4,858 -26
8,136   7,741 395
42,246   43,980 -1,734
40,782   42,456 -1,674
419   435 -16
59,115   61,507 -2,392
5,836   5,879 -43
24   25 -1
2,643   2,686 -43
2,570   2,612 -42
8,181   8,131 50
7,660   7,614 46
26   25 1
18,056   17,744 312
4,497   4,522 -25
13,184   12,578 606
13,727   13,533 194
28,332   27,649 683
6,302   6,289 13
782   800 -18
5,276   5,469 -193
5,569   5,435 134
2,638   2,557 81
11,675   11,201 474
9,867   9,847 20
195   191 4
9,477   9,458 19
353   336 17
3,939   3,655 284
8,130   6,543 1,587
4,984   5,329 -345
554   592 -38
775   829 -54
23,314   25,165 -1,851
1,117   1,157 -40
71,970   81,473 -9,503
106   118 -12
4,435   4,712 -277
1,109   1,181 -72
23,391   26,480 -3,089
3,696   4,051 -355
739   822 -83
198   230 -32
6,090   6,814 -724
3,490   3,468 22
296   273 23
272   285 -13
1,056   1,067 -11
23,022   23,177 -155
664   820 -156
46,377   50,291 -3,914
60   74 -14
1,297   1,379 -82
1,780   1,885 -105
2,685   3,288 -603
1,116   1,171 -55
7,543   7,913 -370
5,823   5,863 -40
5,582   6,573 -991
181   222 -41
634   674 -40
6,880   6,912 -32
17,470   18,504 -1,034
12,009   12,720 -711
10,335   9,875 460
36,243   36,575 -332
46,811   47,241 -430
95,293   96,193 -900
2,986   2,968 18
63,156   64,641 -1,485
67,162   68,483 -1,321
50,274   51,262 -988
12,726   13,061 -335
122,463   126,105 -3,642
17,439   17,791 -352
74,571   76,815 -2,244
50,299   51,297 -998
12,732   13,070 -338
47,941   49,375 -1,434
110,972   113,158 -2,186
1,213   1,210 3
16,819   16,669 150
381   382 -1
28,178   28,157 21
2,969   2,927 42
21,935   21,572 363
1,045   1,057 -12
3,518   3,492 26
385   384 1
14,568   14,327 241
8,136   8,116 20
3,040   2,982 58
5,306   5,241 65
17,115   16,815 300
3,668   3,578 90
13,892   13,516 376
4,647   4,313 334
765   705 60
118   109 9
11,703   11,928 -225
16,229   16,540 -311
15,333   15,536 -203
14,707   14,932 -225
47,016   47,792 -776
16,272   16,527 -255
1,257   1,311 -54
16,324   16,935 -611
1,263   1,321 -58
2,830   2,936 -106
5,155   5,255 -100
155   154 1
11,002   11,168 -166
36,209   36,112 97
34,505   34,435 70
16,736   16,691 45
5,269   5,225 44
2,893   2,944 -51
16,684   16,841 -157
1,291   1,313 -22
23,089   22,462 627
16,581   16,704 -123
4,287   4,325 -38
8,043   7,990 53
55,230   54,746 484
16,642   16,080 562
40,512   40,157 355
59,478   58,354 1,124
32,734   32,116 618
26,586   26,093 493
10,359   10,055 304
14,236   11,557 2,679
131   117 14
29,750   24,048 5,702
1,364   1,051 313
      706
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       -10
b       -101
c       -166
d       -59
e       -1,689
      -1,212
      -17
      -251
      -11
      -5
      -2
      9
      136
      550
      594
      112
      981
      795
      -1,040
      135
      144
      -579
      1,399
      3,141
      3,094
      23
      1,553
      2,782
      959
      231
      86
      -5,773
      -1,520
      -59
      24
      6
      -44
      830
      -181
      -55
      1,253
      609
      1,795
      26
      289
      638
      147
      134
      637
      -78
      -61
      -338
      -48
      -17
       
      -12
      -331
      -47
      -42
      196
      7,157
      1,681
      72
      981
      9,050
      11,452
      3,715
      6,002
      19,374
      15,585
      6,300
      -274
      -577
      -183
      -1,207
      -278
      -110
      -73
      -76
      -130
      -37
      -41
      -24
      139
      -10
      -26
      -26
      395
      -1,734
      -1,674
      -16
      -2,392
      -43
      -1
      -43
      -42
      50
      46
      1
      312
      -25
      606
      194
      683
      13
      -18
      -193
      134
      81
      474
      20
      4
      19
      17
      284
      1,587
      -345
      -38
      -54
      -1,851
      -40
      -9,503
      -12
      -277
      -72
      -3,089
      -355
      -83
      -32
      -724
      22
      23
      -13
      -11
      -155
      -156
      -3,914
      -14
      -82
      -105
      -603
      -55
      -370
      -40
      -991
      -41
      -40
      -32
      -1,034
      -711
      460
      -332
      -430
      -900
      18
      -1,485
      -1,321
      -988
      -335
      -3,642
      -352
      -2,244
      -998
      -338
      -1,434
      -2,186
      3
      150
      -1
      21
      42
      363
      -12
      26
      1
      241
      20
      58
      65
      300
      90
      376
      334
      60
      9
      -225
      -311
      -203
      -225
      -776
      -255
      -54
      -611
      -58
      -106
      -100
      1
      -166
      97
      70
      45
      44
      -51
      -157
      -22
      627
      -123
      -38
      53
      484
      562
      355
      1,124
      618
      493
      304
      2,679
      14
      5,702
      313
       
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 73,403
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 433,673 9,319,216 0.046535
2016 355,435 8,422,544 0.0422
2015 435,889 7,785,155 0.05599
2014 377,249 7,895,716 0.047779
2013 322,684 7,859,481 0.041057
2
Total of line 1, column (d) .....................
2
0.233561
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
0.046712
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
9,154,208
5
Multiply line 4 by line 3......................
5
427,611
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
2,703
7
Add lines 5 and 6........................
7
430,314
8
Enter qualifying distributions from Part XII, line 4,.............
8
575,941
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 2,703
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 2,703
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 2,703
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,972
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 3,972
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,269
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,269 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)
    bulletVA
    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 ofbulletBANK OF AMERICA Telephone no.bullet (888) 866-3275

    Located atbullet114 W 47TH ST NY8-114-07-07NEW YORKNY ZIP+4bullet100361510
    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
    KRISTIE MILLER PRESIDENT
    20     		0    
    3133 CONNECTICUT AVE NW APT 1015
    WASHINGTON,DC20008
    WILLIAM TWADDELL VICE PRESIDENT
    2     		0    
    8382 MITZY LANE
    ELLICOTT CITY,MD21043
    ELLEN JOHNSON TWADDELL SECRETARY
    10     		0    
    183 HUMBOLT STREET APT 1
    BROOKLYN,NY11206
    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
    9,067,871
    b
    Average of monthly cash balances.......................
    1b
    225,741
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,293,612
    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
    9,293,612
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    139,404
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,154,208
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    457,710
    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
    457,710
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    2,703
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,703
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    455,007
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    455,007
    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
    455,007
    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
    575,941
    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
    575,941
    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
    2,703
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    573,238
    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 7 455,007
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 416,218
    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$ 575,941
    a Applied to 2017, but not more than line 2a 416,218
    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..... 159,723
    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 ..........     		295,284
    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).)
    KRISTIE MILLER
    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
    PROJECT NEW URBAN ARTS
    705 WESTMINSTER ST
    PROVIDENCE,RI02903     		N/A PC UNRESTRICTED GENERAL 20,000
    PLANNED PARENTHOOD FEDERATION
    123 WILLIAM ST 10TH FL
    NEW YORK,NY10038     		N/A PC UNRESTRICTED GENERAL 100,000
    MEDECINS SANS FRONTIERS USA INC
    40 RECTOR ST 16TH FL
    NEW YORK,NY10006     		N/A PC UNRESTRICTED GENERAL 50,000
    826NYC INC
    372 5TH AVENUE
    BROOKLYN,NY11215     		N/A PC UNRESTRICTED GENERAL 25,000
    SARAH LAWRENCE COLLEGE
    1 MEAD WAY
    BRONXVILLE,NY10708     		N/A PC UNRESTRICTED GENERAL 50,000
    PANDAS NETWORK
    655 OAK GROVE AVE UNIT 1373
    MENLO PARK,CA94026     		N/A PC UNRESTRICTED GENERAL 10,000
    WORLD RESOURCES INSTITUTE
    10 G ST NE STE 800
    WASHINGTON,DC20002     		N/A PC UNRESTRICTED GENERAL 51,218
    NATIONAL WOMEN'S HISTORY MUSEUM
    205 WHITING ST STE 254
    ALEXANDRIA,VA22304     		N/A PC UNRESTRICTED GENERAL 200,000
    OSCEOLA CENTER FOR THE ARTS
    2411 E IRLO BRONSON MEM HWY
    KISSIMMEE,FL34744     		N/A PC UNRESTRICTED GENERAL 20,000
    NATIONAL SCENIC VISITORS CENTER
    5231 GEISSINGER RD
    ZIONSVILLE,PA18092     		N/A PC UNRESTRICTED GENERAL 10,000
    Total .................................bullet 3a 536,218
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 234,388  
    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 73,403  
    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)..   307,791  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    307,791
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


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

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

    20-1836334
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    MINERVA FOUNDATION-INVESCO
          		Employer identification number
    20-1836334
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    KRISTIE MILLER CHARITABLE LEAD ANNUITY T
     
    114 W 47TH ST NY8-114-07-07
     
    NEW YORK, NY100361510

    		$ 300,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    20-1836334
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    MINERVA FOUNDATION-INVESCO
          		Employer identification number

    20-1836334
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 1,500     1,500

    TY 2018 InvestmentsOtherSchedule2
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    808524862 SCHWAB SHORT-TERM U. AT COST 351,960 354,893
    92206C771 VANGUARD MORTGAGE-BA AT COST 68,531 70,876
    92206C409 VANGUARD SHORT-TERM      
    464286665 ISHARES MSCI PACIFIC AT COST 316,232 320,541
    464286749 ISHARES MSCI SWITZER AT COST 154,788 182,561
    46434G103 ISHARES CORE MSCI EM AT COST 653,191 727,023
    46435G334 ISHARES MSCI UNITED AT COST 517,436 526,563
    46429B267 ISHARES US TREASURY AT COST 152,747 158,236
    464288588 ISHARES MBS ETF AT COST 221,150 222,091
    464287200 ISHARES CORE S&P 500 AT COST 2,427,691 3,423,593
    921937827 VANGUARD SHORT-TERM AT COST 817,596 828,161
    464286608 ISHARES MSCI EUROZON AT COST 601,613 649,590
    464286509 ISHARES MSCI CANADA AT COST 197,390 215,332
    46434G822 ISHARES MSCI JAPAN E      
    464287176 ISHARES TIPS BOND ET AT COST 71,130 73,814
    464286178 ISHARES INC      
    464286756 ISHARES MSCI SWEDEN AT COST 53,411 55,349
    464287242 ISHARES IBOXX INVEST AT COST 197,825 213,020
    92203J407 VANGUARD TOTAL INTER AT COST 408,138 432,534
    922908769 VANGUARD TOTAL STOCK AT COST 763,970 877,901

    TY 2018 OtherDecreasesSchedule
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Description Amount
    TIMING DIFFERENCE 12,585


    TY 2018 OtherExpensesSchedule
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER CHARITABLE EXPENSES 15,000 0   15,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 58,057 34,834   23,223


    TY 2018 TaxesSchedule
    Name:
    MINERVA FOUNDATION-INVESCO
    EIN:
    20-1836334
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 2,053 2,053   0
    EXCISE TAX - PRIOR YEAR 4,106 0   0
    EXCISE TAX ESTIMATES 3,099 0   0
    FOREIGN TAXES ON NONQUALIFIED 600 600   0