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 12-01-2018 , and ending 11-30-2019
Name of foundation
PHYLLIS PERRY HULTON EDUCATIONAL TRUST
%JAMES BOWMAN
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1635
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARSHALLTOWN, IA50158
A Employer identification number

42-6526655
B Telephone number (see instructions)

(641) 691-0434
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$3,316,486J 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      
4 Dividends and interest from securities... 134,456 134,456  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 53,460
b Gross sales price for all assets on line 6a 223,148
7 Capital gain net income (from Part IV, line 2)... 53,460
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 187,916 187,916  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,980 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,790 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 579 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 14,349 0   0
25 Contributions, gifts, grants paid....... 120,450 120,450
26 Total expenses and disbursements. Add lines 24 and 25 134,799 0   120,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 53,117
b Net investment income (if negative, enter -0-) 187,916
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 7,756 4,408 4,408
2 Savings and temporary cash investments......... 148,154 55,675 55,675
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,029,730 Click to see attachment1,018,149 2,179,470
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).......... 894,260 Click to see attachment1,054,785 1,076,933
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,079,900 2,133,017 3,316,486
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 1,229,900 1,283,017
25 Temporarily restricted...............    
26 Permanently restricted............... 850,000 850,000
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 2,079,900 2,133,017
31 Total liabilities and net assets/fund balances (see instructions). 2,079,900 2,133,017
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,079,900
2
Enter amount from Part I, line 27a .....................
2
53,117
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
2,133,017
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
2,133,017
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 1485SH INVESCO P 2017-09-07 2019-06-13
b 275SH INVESCO P 2018-06-26 2019-06-27
c 660SH ISHARES TR TIPS P 2018-06-28 2019-06-27
d 1850SH PFIZER P 1993-10-19 2019-06-13
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 60,221   73,532 -13,311
b 8,054   9,874 -1,820
c 75,727   74,701 1,026
d 79,146   11,581 67,565
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -13,311
b       -1,820
c       1,026
d       67,565
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 53,460
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 144,765 1,154,487 0.125393
2016 119,211 3,145,001 0.037905
2015 105,000 2,829,244 0.037112
2014 104,425 2,841,897 0.036745
2013 103,300 2,942,873 0.035102
2
Total of line 1, column (d) .....................
2
0.272257
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
0.054451
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,968,386
5
Multiply line 4 by line 3......................
5
107,181
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,879
7
Add lines 5 and 6........................
7
109,060
8
Enter qualifying distributions from Part XII, line 4,.............
8
120,450
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 1,879
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 1,879
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 1,879
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 3,540
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,540
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 1,661
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,661 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletJAMES R BOWMAN Telephone no.bullet (641) 691-0434

    Located atbullet24 E MAIN STREETMARSHALLTOWNIA ZIP+4bullet50158
    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
    H VICTOR HELLBERG TRUSTEE
    0.00     		0 0 0
    204 N 18TH STREET
    MARSHALLTOWN,IA50158
    NAN BENSON TRUSTEE
    0.00     		0 0 0
    2325 JESSUP AVENUE
    STATE CENTER,IA50247
    CHRIS JONES TRUSTEE
    0.00     		0 0 0
    905 RATCLIFFE DR
    MARSHALLTOWN,IA50158
    STEVE STORJOHANN TRUSTEE
    0.00     		0 0 0
    1209 GLENWOOD TERRACE
    MARSHALLTOWN,IA50158
    CATHY UNDERHILL TRUSTEE
    0.00     		0 0 0
    605 WILLOW LANE
    LEGRAND,IA50142
    ANN HEYING TRUSTEE
    0.00     		0 0 0
    610 WESTWOOD DR
    MARSHALLTOWN,IA50158
    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 SCHOLARSHIP GRANTS - A MINIMUM OF 40 AWARDS GIVEN EACH YEAR. 120,450
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,998,361
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,998,361
    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
    1,998,361
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    29,975
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,968,386
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    98,419
    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
    98,419
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,879
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,879
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    96,540
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    96,540
    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
    96,540
    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
    120,450
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    120,450
    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
    1,879
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    118,571
    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 96,540
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 53,029
    b Total for prior years:2016, 2015, 20 16,708
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 120,450
    a Applied to 2017, but not more than line 2a 53,029
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		Click to see attachment16,708
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 50,713
    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 ..........     		45,827
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PHYLLIS PERRY HULTON TRUST ATTN PAT
    PO BOX 1635
    MARSHALLTOWN,IA50158
    (641) 485-3087
    bThe form in which applications should be submitted and information and materials they should include:
    NAME & SS # OF APPLICANT, HIGHSCHOOL GRADUATED FROM, COLLEGE OR TECH SCHOOL YOU PLAN TO ATTEND, HIGHSCHOOL TRANSCRIPTS AND FINANCIAL PLANS.
    cAny submission deadlines:
    APRIL 1ST OF SCHOOL YEAR COMMENCING IN SEPTEMBER. APPLICATIONS AVAILABLE IN JANUARY.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    AARON HAUSER
    2303 S 8TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    ABIGAIL ATCHER
    204 2ND AVE
    LAUREL,IA50141     		NONE I EDUCATIONAL 800
    ADRIENNE ELDER
    505 2ND ST NW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    ALEC BENBOW
    214 PARK AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    ALEX DICKEY
    306 2ND AVE SE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    ALEXA KEIGAN
    503 6TH ST SE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    ALICIA VEGA
    306 INNES BLVD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    ALLISON HILLEMAN
    1505 200TH ST
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    AMANDA SCHULER
    2039 DURHAM AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 400
    AMBER MARTENSON
    210 N MAIN ST
    GILMAN,IA50106     		NONE I EDUCATIONAL 800
    ANA GARCIA
    314 N 15TH AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    ANDREW ASH
    2861 250TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    ANTHONY SMITH
    9614 UNIVERSITY AVE
    CEDAR FALLS,IA50613     		NONE I EDUCATIONAL 800
    ASHLYN CRAVEN
    2425 EVERGREEN AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    BLAKE LINSENMEYER
    2608 250TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    BRADEN BETHKE
    1322 GREENFIELD DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    BRAELYN LANDER
    1821 KNAPP AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    CARRIE SCHMIDT
    1509 SANFORD AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    CARRINGTON CURPHY
    201 N ELM ST
    GILMAN,IA50106     		NONE I EDUCATIONAL 800
    CASSANDRA MAYER
    612 W BOONE ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    CAYLA SINCOX
    2711 PICKERING DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    CORNELIA HAYES
    2225 160TH ST
    FORT DODGE,IA50501     		NONE I EDUCATIONAL 800
    COURTNEY SCHMIDT
    1509 SANFORD AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    DESTINY WALTEMEYER
    207 N CENTER ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    DORIAN TWEDT GUITERREZ
    917 WELCH AVE 10359
    AMES,IA50014     		NONE I EDUCATIONAL 800
    ELIZABETH SIMPSON
    401 2ND ST NW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    ELLEN HUNGERFORD
    2680 RIDGE RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    EMMA DENEUI
    410 3RD AVE SE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    EMMA MEYER
    306 LINCOLN VALLEY DR
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    ERIN DUFFY
    212 S 11 ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    FRANK IOLE
    11 N 11TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    GABRIELLE GERKE
    213 7TH ST NE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 400
    GEORGIA PORTER
    2068 310TH ST
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    HALEY FYE
    4224 175TH ST
    BROOKLYN,IA52211     		NONE I EDUCATIONAL 800
    HALEY STORY
    107 S VINE ST PO BOX 117
    LEGRAND,IA50142     		NONE I EDUCATIONAL 800
    HOLLY ROSELAND
    3364 250TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JACOB DIXON
    1939 COLLEGE ST
    CEDAR FALLS,IA50613     		NONE I EDUCATIONAL 800
    JAMES DRUMMER
    507 GREENBRIAR LN
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JENNIFER MAYER
    706 MAIN ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JILL PODHAJSKY
    709 W LINN ST
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    JOSH ARMENT
    1010 S 2ND ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JOSHUA FULLER
    217 COLLEGE DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JOSIE GERKE
    1247 DURHAM AVE
    ST ANTHONY,IA50239     		NONE I EDUCATIONAL 800
    JUAN ANDRADE
    5 N 19TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    KARLYNE WALTON
    508 3RD AVE SW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    LAUREN BATTERSON
    3207 LILY LANE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    LUCAS DUFF
    1993 235TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    LUKE PEDERSON
    106 N 12TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MADELINE VAWTER
    PO BOX 161
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    MALORY HENZE
    1564 MEYER AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MARY MARGARETTE DRUMMER
    507 GREENBRIER LN
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MATTHEW BOHAN
    2006 GETHMANN DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MEGAN MCCRARY
    3674 HWY T47
    MONTOUR,IA50173     		NONE I EDUCATIONAL 800
    MEGAN MESSINA
    306 LINCOLN VALLEY DR
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    MEGAN TRUE
    403 2ND ST SW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    MICHAEL DOE
    807 RAIL RIDGE
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    MICHAH DANIEL
    2205 BITTERSWEET
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MOLLY BACH
    502 CRAIG CIRCLE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MORGAN SCHUH
    3220 GERHART AVE
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    NICOLE RIEMENSCHNEIDER
    101 WOODSIDE DR CT
    IOWA CITY,IA52246     		NONE I EDUCATIONAL 800
    NOAH DEVENNEY
    912 NW 21ST CT
    ANKENY,IA50023     		NONE I EDUCATIONAL 800
    REGAN BENBOW
    214 PARK AVE
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    RILEY SCHLICHTE
    506 BUTLER AVE
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    RYAN BOHAN
    2006 GETHMANN DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SARAH JACOBS
    2460 B REED AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SETH KILBORN
    409 BRYAN AVE
    ROLAND,IA50236     		NONE I EDUCATIONAL 800
    SHANNON BREJA
    1951 HART AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    SHAY SLIFKA
    2828 COOPER AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    SPENCER FINCH
    908 FREMONT ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SYDNEY GREWELL
    2331 OAK PARK RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SYDNEY MANN
    4051/2 N 3RD AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SYDNIE WOHLERT
    204 N 10TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    TABITHA STEFFENSEN
    3644 HIGHWAY T-47
    MONTOUR,IA50173     		NONE I EDUCATIONAL 800
    TATUM YOUNKIN
    1004 W NEVADA
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    TAYIAH SIEGERT
    220 COLLEGE DR
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 800
    TAYLOR BROWN
    508 2ND AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    WHITNEY CANADAY
    207 WAUCONDA RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    WHITNEY EDLER
    1554 220TH ST
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    ZACHARY TICHY
    510 3RD ST SE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    JULIANA ARIFI
    203 GRANDVIEW DR
    LEGRAND,IA50142     		NONE I EDUCATIONAL 650
    NOAH BANDSTRA
    2785 270TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    CAMERON BANNISTER
    312 3RD ST SW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    KELSEY BARTLES
    218 W FERNER
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    BRETT BETHKE
    1322 GREENFIELD DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    KARISSA BLOCKER
    504 6TH ST SE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    DAKOTA BOND
    1557 YATES AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    ETHAN BORTON
    2226 2695TH ST
    HAVERHILL,IA50120     		NONE I EDUCATIONAL 650
    WADE CANADAY
    207 WAUCONDA RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    AMANDA CARABALLO
    308 N 2ND AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    ANGELA CISNEROS
    205 OLSON WAY
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    KAYLA CRIPPS
    2450 EVERGREEN CIRCLE
    CEDAR FALLS,IA50614     		NONE I EDUCATIONAL 650
    CADE CURPHY
    201 N ELM ST
    GILMAN,IA50106     		NONE I EDUCATIONAL 650
    ACELYN DAMISCH
    203 MARSHALL AVE
    CLEMONS,IA50051     		NONE I EDUCATIONAL 650
    QUINN DAMMAN
    2787 REED AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    SETH DISER
    213 E INGLEDUE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MADISON DUNCAN
    1177 370TH ST
    GILMAN,IA50106     		NONE I EDUCATIONAL 650
    JACOB EBERLE
    1603 W LINCON WAY
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MADISON FARRINGTON
    2439 UNDERWOOD AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    TRENTON FINDERS
    3313 LILY LANE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    CAROLINE GASSMAN
    1207 HIGHVIEW DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    SAMANTHA GERKE
    3122 7TH ST NE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    GRACE GIRARD
    32651 730TH AVE
    COLLINS,IA50055     		NONE I EDUCATIONAL 650
    BETSY GOEH
    211 E INGLEDUE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MADELYNN GREEN
    PO BOX 542
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 800
    BRODY HALTER
    1004 W CHURCH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    JOSEPH HALVERSON
    2417 FAIRMAN AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    SHAKIRA HERRERA
    1150 STEVES CT
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    NAY HMAN HTU
    1601 MARION ST H-1
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    ITZEL HUESO
    1908 WALLACE AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    JULIANA IBARRA LEMUS
    208 W NEVADA ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    LUKE KALINAY
    1940 235TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    CALVIN KOPSA
    406 5TH ST SW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    LANDYN LARSON
    404 E FERNER ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    AMBER LAWTHERS
    614 FREMONT ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    BETHANY LAWTHERS
    614 FREMONT ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    BRANT MCKIBBEN
    801 KESTER RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    RAEANN MELING
    503 WILLOW LANE
    LEGRAND,IA50142     		NONE I EDUCATIONAL 650
    AMERICA DOMINGUEZ-MENDOZA
    5 S 8TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    GENESSEE MERICAL
    3097 260TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    NASTEHO MOHOMMED
    1509 MARION ST F1
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    PABLO MONTES
    204 N 5TH AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    RYLAN MUSTAINE
    401 1ST AVE S
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    FATIMA PEREZ NEGRETE
    200 HELM ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    REID NENNIG
    2025 EDGEBROOK DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    MELISSA OCHOA
    511 W BOONE ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    HAY HMAN OO
    1601 MARION ST H-1
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MARIANA ORDAZ
    506 WESTWOOD DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    OLIVIA PARKS
    3262 190TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MUNG S PIANG
    407 TERRY TERR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    JACK PORTER
    1267 140TH ST
    ST ANTHONY,IA50239     		NONE I EDUCATIONAL 650
    ABIGAIL POTTER
    1214 W STATE ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MELINDA PUUMALA
    1123 HWY 30
    MONTOUR,IA50173     		NONE I EDUCATIONAL 650
    MARIA RASMUSSON
    1011 W MAIN ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    BIANCA GRANADOS RAYA
    510 N 2ND AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    EDWARDO ROBLES
    2012 WARDVIEW RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    GRACE ROHRDANZ
    1319 GREENFIELD DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MARINA ROSALEZ
    506 N 17TH ST PL
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    STELLA ROSEBORROUGH-BORRAS
    905 W MAIN ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    KATHYA DE REAL SANCHEZ
    304 NEWCASTLE RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    PATRICK SCHAFER
    703 GRANDVIEW DR
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    REBECCA SCWARTZENBURG
    6409 HILLCREST RD
    CEDAR RAPIDS,IA52404     		NONE I EDUCATIONAL 800
    JOCELIN SHARFNEJDA
    702 E ANSON ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    EMILY SICKLES
    106 BOHEN ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    KAYDEE SILVA
    109 N 2ND AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    JESSE SIMPSON
    401 2ND ST NW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    BETHANY SINN
    9 N 8TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    CATHERINE SJOBLOM
    2761 DURHAM AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    JORGEN SOGGE
    1734 235TH ST
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    JACOB STALZER
    2916 NEWBY AVE
    HAVERHILL,IA50120     		NONE I EDUCATIONAL 800
    AMIE STALZER
    2916 NEWBY AVE
    HAVERHILL,IA50120     		NONE I EDUCATIONAL 800
    JAKE TOLLEFSON
    302 5TH AVE SW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    BROOKE TULLIS
    1609 W MAIN ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    RAELENE VANNATTA
    2419 CANFIELD AVE
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    SLOAN VRY
    209 E SOUTHRIDGE RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    GENESIS WANATEE
    212 PLEWASANTVIEW RD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    CHLOE WHITEHEAD
    307 S 6TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    MORGAN WEIGELT
    201 MAIN ST
    MELBOURNE,IA50162     		NONE I EDUCATIONAL 650
    KAITLIN WILEY
    2429 KNAPP AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    SAM WILKINSON
    608 2ND AVE NW
    STATE CENTER,IA50247     		NONE I EDUCATIONAL 650
    QUENTIN WOOLERY
    204 N 10TH ST
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    ASHLEN YOUNG
    380 2ND ST
    FERGUSON,IA50078     		NONE I EDUCATIONAL 650
    KARISSA YOUNG
    380 2ND ST
    FERGUSON,IA50078     		NONE I EDUCATIONAL 650
    OLIVIA HANNAM
    2320 STRATFORD LANE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    NICHOLAS MELING
    503 WILLOW LANE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    NATHAN VANCE
    2213 MARSHALLTOWN BLVD
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 800
    SAMANTHA TROWBRIDGE
    2542 JESSUP AVE
    MARSHALLTOWN,IA50158     		NONE I EDUCATIONAL 650
    Total .................................bullet 3a 120,450
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 134,456  
    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 ............     		        53,460
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 134,456 53,460
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    187,916
    (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.)
    4 TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO LOCAL AREA STUDENTS.
    8 TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO LOCAL AREA STUDENTS.
    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:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 1,980 0   0

    TY 2018 AppliedToPriorYearElection
    Name:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Election:
    THE ORGANIZATION IS ELECTING TO APPLY CURRECT YEAR EXCESS QUALIFYING DISTRIBUTIONS TO PRIOR YEARS.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SAGEPOINT 1,018,149 2,179,470

    TY 2018 InvestmentsOtherSchedule2
    Name:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SAGEPOINT AT COST 1,054,785 1,076,933

    TY 2018 OtherExpensesSchedule
    Name:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 579 0   0


    TY 2018 TaxesSchedule
    Name:
    PHYLLIS PERRY HULTON EDUCATIONAL TRUST
     
    %JAMES BOWMAN
    EIN:
    42-6526655
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PRIVATE FOUNDATION TAX EXPENSE 11,790 0   0