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 05-01-2018 , and ending 04-30-2019
Name of foundation
ROY J CARVER CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)202 IOWA AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUSCATINE, IA527613733
A Employer identification number

42-1186589
B Telephone number (see instructions)

(563) 263-4010
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$329,351,039J 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 15,827 15,827  
4 Dividends and interest from securities... 5,880,698 8,276,663  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 12,078,171
b Gross sales price for all assets on line 6a 51,843,174
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 49,141 -1,995,102  
12 Total. Add lines 1 through 11........ 18,023,837 6,297,388  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 535,174 33,840   501,334
14 Other employee salaries and wages...... 364,314 5,053   359,261
15 Pension plans, employee benefits....... 214,583 3,078   211,505
16a Legal fees (attach schedule)......... Click to see attachment 6,867 1,373   5,494
b Accounting fees (attach schedule)....... Click to see attachment 34,555 6,911   27,644
c Other professional fees (attach schedule).... Click to see attachment 1,180,532 1,180,218   240
17 Interest...............   48,145    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 216,845 199,379   9
19 Depreciation (attach schedule) and depletion... Click to see attachment 70,864 14,173  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,720 192   5,528
22 Printing and publications.......... 1,282 0   1,282
23 Other expenses (attach schedule)....... Click to see attachment 131,958 1,029,457   106,828
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,762,694 2,521,819   1,219,125
25 Contributions, gifts, grants paid....... 16,631,797 16,631,797
26 Total expenses and disbursements. Add lines 24 and 25 19,394,491 2,521,819   17,850,922
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,370,654
b Net investment income (if negative, enter -0-) 3,775,569
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............. 4,000 4,000 4,000
2 Savings and temporary cash investments......... 3,004,346 3,843,053 3,843,053
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..........   59,217 59,217
10a Investments—U.S. and state government obligations (attach schedule) 7,192,550 Click to see attachment6,270,623 6,386,274
b Investments—corporate stock (attach schedule)....... 53,846,137 Click to see attachment54,356,560 79,326,641
c Investments—corporate bonds (attach schedule)....... 29,862,116 Click to see attachment33,005,892 33,386,373
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 17,858,670 17,012,340 16,714,107
13 Investments—other (attach schedule).......... 126,758,335 Click to see attachment122,649,947 187,653,849
14 Land, buildings, and equipment: basis bullet2,971,465
Less: accumulated depreciation (attach schedule) bullet1,552,150 1,480,555 Click to see attachment1,419,315 1,419,315
15 Other assets (describe bullet) Click to see attachment550,284 Click to see attachment558,210 Click to see attachment558,210
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 240,556,993 239,179,157 329,351,039
Liabilities 17 Accounts payable and accrued expenses.......... 146,314 128,504
18 Grants payable................. 32,236,633 42,415,904
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) Click to see attachment1,918,000 Click to see attachment1,823,000
23 Total liabilities (add lines 17 through 22)......... 34,300,947 44,367,408
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........ 206,256,046 194,811,749
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 206,256,046 194,811,749
31 Total liabilities and net assets/fund balances (see instructions). 240,556,993 239,179,157
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
206,256,046
2
Enter amount from Part I, line 27a .....................
2
-1,370,654
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
204,885,392
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
10,073,643
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
194,811,749
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 FROM K-1 - ACADIAN INTERNATIONAL ALL-CAP      
b FROM K-1 - ADAMS STREET CO-INVESTMENT FUND III A      
c FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2003 NON-US      
d FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2003 US      
e FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2005 NON-US      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2005 US      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2009 DIRECT      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2009 NON-US DEVELOPED MARKETS      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2009 NON-US EMERGING MARKETS      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2009 US      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND 2013 GLOBAL      
FROM K-1 - THE EMERGING WORLD INVESTORS      
PUBLICLY TRADED SECURITIES (ACADIAN)      
PUBLICLY TRADED SECURITIES (ADAMS ST)      
PUBLICLY TRADED SECURITIES (GALLIARD)      
PUBLICLY TRADED SECURITIES (INV COMM)      
PUBLICLY TRADED SECURITIES (IWF)      
PUBLICLY TRADED SECURITIES (IWR)      
PUBLICLY TRADED SECURITIES (LSV)      
PUBLICLY TRADED SECURITIES (SCZ)      
PUBLICLY TRADED SECURITIES (SMITH GRAHAM)      
PUBLICLY TRADED SECURITIES (VANGUARD)      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       2,339,247
b       -112,300
c       37,549
d       346,317
e       125,027
      376,160
      42,126
      143,735
      26,845
      231,073
      422,397
      -14,731,582
1,532,644   1,532,644 0
2,649,617   2,649,617 0
17,743,231   17,781,269 -38,038
    88 -88
4,300,152   1,622,911 2,677,241
5,400,073   2,256,122 3,143,951
8,045,013   5,271,051 2,773,962
240,003   152,571 87,432
10,289,328   8,905,845 1,383,483
1,600,059   1,149,883 450,176
43,054     43,054
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       2,339,247
b       -112,300
c       37,549
d       346,317
e       125,027
      376,160
      42,126
      143,735
      26,845
      231,073
      422,397
      -14,731,582
      0
      0
      -38,038
      -88
      2,677,241
      3,143,951
      2,773,962
      87,432
      1,383,483
      450,176
      43,054
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 -232,233
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 18,105,263 334,261,661 0.054165
2016 16,364,123 305,492,464 0.053566
2015 16,010,155 299,006,891 0.053544
2014 16,714,972 312,519,164 0.053485
2013 15,598,911 293,529,608 0.053143
2
Total of line 1, column (d) .....................
2
0.267903
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
0.053581
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
325,237,791
5
Multiply line 4 by line 3......................
5
17,426,566
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
37,756
7
Add lines 5 and 6........................
7
17,464,322
8
Enter qualifying distributions from Part XII, line 4,.............
8
17,858,834
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 37,756
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 37,756
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 37,756
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 175,000
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.............. 7 175,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 137,244
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet137,244 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)
    bulletIA
    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 addressbulletCARVERTRUST.ORG
    14
    The books are in care ofbulletDR TROY ROSS Telephone no.bullet (563) 263-4010

    Located atbullet202 IOWA AVENUEMUSCATINEIA ZIP+4bullet527613733
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years 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
    JOHN A CARVER TRUSTEE
    2.00     		23,300 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    ROY J CARVER JR TRUSTEE/CHAIRMAN
    4.00     		27,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    WILLARD L BOYD TRUSTEE
    1.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    J LARRY GRIFFITH TRUSTEE/VICE CHAIRMAN
    4.00     		26,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    TROY K ROSS EXECUTIVE ADMINISTRATOR
    40.00     		365,974 63,536 3,775
    202 IOWA AVENUE
    MUSCATINE,IA52761
    D SCOTT INGSTAD TRUSTEE
    2.00     		24,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    DAVID M UTLEY TRUSTEE/SECRETARY
    2.00     		24,200 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MARTIN G CARVER TRUSTEE
    2.00     		23,500 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    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
    LYNNE M SASMAZER PROGRAM DIRECTOR
    40.00     		160,700 32,989 892
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA K DEAN EXECUTIVE ASSISTANT
    40.00     		89,922 24,844 183
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA BETH MUMEY PROGRAM ASST/SEC
    40.00     		58,557 21,407 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    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
    SMITH GRAHAM & CO ASSET MANAGEMENT 355,621
    600 TRAVIS STREET
    HOUSTON,TX77002
    ACADIAN ASSET MANAGEMENT ASSET MANAGEMENT 332,644
    1 POST OFFICE SQUARE
    BOSTON,MA02109
    LSV ASSET MANAGEMENT ASSET MANAGEMENT 196,301
    155 NORTH WACKER DRIVE SUITE 4600
    CHICAGO,IL60606
    GALLIARD CAPITAL MANAGEMENT ASSET MANAGEMENT 140,108
    800 LASALLE AVENUE SUITE 1100
    MINNEAPOLIS,MN55402
    NORTHERN TRUST ASSET MANAGEMENT 87,545
    50 SOUTH LASALLE STREET
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    328,321,893
    b
    Average of monthly cash balances.......................
    1b
    1,013,415
    c
    Fair market value of all other assets (see instructions)................
    1c
    855,343
    d
    Total (add lines 1a, b, and c).........................
    1d
    330,190,651
    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
    330,190,651
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,952,860
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    325,237,791
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    16,261,890
    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
    16,261,890
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    37,756
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,756
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,224,134
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    49,141
    5
    Add lines 3 and 4............................
    5
    16,273,275
    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
    16,273,275
    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
    17,850,922
    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
    7,912
    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
    17,858,834
    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
    37,756
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,821,078
    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 16,273,275
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 1,245,004
    b From 2014...... 1,257,925
    c From 2015...... 1,418,720
    d From 2016...... 1,423,334
    e From 2017...... 1,156,852
    fTotal of lines 3a through e........ 6,501,835
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 17,858,834
    a Applied to 2017, but not more than line 2a 0
    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..... 16,273,275
    e Remaining amount distributed out of corpus 1,585,559
    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 8,087,394
    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 ..........     		0
    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) ...     		1,245,004
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		6,842,390
    10 Analysis of line 9:
    a Excess from 2014.... 1,257,925
    b Excess from 2015.... 1,418,720
    c Excess from 2016.... 1,423,334
    d Excess from 2017.... 1,156,852
    e Excess from 2018.... 1,585,559
    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:
    ROY J CARVER CHARITABLE TRUST
    202 IOWA AVENUE
    MUSCATINE,IA527613733
    (563) 236-4010
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT A WRITTEN OR ELECTRONIC LETTER OF INQUIRY BEFORE SUBMISSION OF A FORMAL REQUEST. INCLUDE THE FOLLOWING INFORMATION: 1. A BRIEF BACKGROUND ON YOUR ORGANIZATION, INCLUDING A HISTORY OF ITS EXISTENCE, THE SIZE OF STAFF AND BOARD AND THE TYPE OF SERVICE PROVIDED. 2. A DESCRIPTION OF THE PROJECT, WHAT IT IS DESIGNED TO ACHIEVE, AND HOW THIS WILL BE ACCOMPLISHED. 3. A PROPOSED BUDGET FOR THE TOTAL COST OF THE PROJECT AND THE AMOUNT YOU INTEND TO REQUEST FROM THE TRUST. 4. A STATEMENT DESCRIBING WHY PARTICIPATION OF THE CARVER TRUST IS VITAL TO THE SUCCESS OF THE PROJECT. INDICATE PAST HISTORY WITH THE TRUST.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RECIPIENT MUST QUALIFY AS AN EXEMPT CHARITABLE, EDUCATIONAL, OR SCIENTIFIC ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE.
    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
    ALGONA PUBLIC LIBRARY
    210 NORTH PHILLIPS STREET
    ALGONA,IA50511     		NONE PC EXPAND THE LIBRARY 60,000
    AMERICAN RED CROSS
    1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC DISASTER RELIEF FOR IOWA AND MIDWEST FLOODING/TORNADOES 35,000
    ARROWHEAD YOUTH & FAMILY SERVICES
    12200 104TH STREET
    COAL VALLEY,IL61240     		NONE PC RENOVATE THE CAMPUS KITCHEN 187,560
    BRIAR CLIFF UNIVERSITY
    3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    BUENA VISTA UNIVERSITY
    610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    CAMP COURAGEOUS OF IOWA
    12007 190TH STREET
    MONTICELLO,IA52310     		NONE PC INSTALL SOLAR PANELS ON THE CAMP LODGE 200,000
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    CITY OF WEST BRANCH
    110 NORTH POPLAR STREET
    WEST BRANCH,IA52358     		NONE GOV CUBBY PARK PLAYGROUND 25,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    COE COLLEGE
    1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    CORNELL COLLEGE
    600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    DORDT COLLEGE
    498 4TH AVENUE NE
    SIOUX CENTER,IA51250     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    FAMILY MUSEUM
    2900 LEARNING CAMPUS DRIVE
    BETTENDORF,IA52722     		NONE PC ACQUIRE NEW RESOURCES FOR PHYSICAL PLAY 90,000
    FIGGE ART MUSEUM
    225 WEST 2ND STREET
    DAVENPORT,IA52801     		NONE PC RENOVATE THE FAMILY ACTIVITY CENTER 10,500
    FRANCES BANTA WAGGONER COMMUNITY LIBRARY
    505 10TH STREET
    DEWITT,IA52742     		NONE PC EXPAND THE LIBRARY 60,000
    GRACELAND UNIVERSITY
    1 UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    GRAND VIEW UNIVERSITY
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    GRINNELL COLLEGE
    1115 8TH AVENUE
    GRINNELL,IA50112     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    HERBERT HOOVER PRESIDENTIAL LIBRARY AND MUSEUM
    210 PARKSIDE DRIVE
    WEST BRANCH,IA52358     		NONE PC SUPPORT TECHNOLOGY UPGRADES 107,249
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 229,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ESTABLISH A NEW ZEBRAFISH RESEARCH FACILITY 747,545
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY BACTERIAL ENZYME TO DEVELOP NEW ANTIMICROBIAL AGENTS 125,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY TRAUMATIC BRAIN INJURY WITH A PORCINE MODEL 140,128
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ACCESSORIZE AN ADVANCED ELECTRON MICROSCOPE 161,290
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV PURCHASE INSTRUMENTATION FOR SPECIALIZED CELL ANALYSIS 399,055
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV RENOVATE THE MAIN LIBRARY 200,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY PROTEIN EXPORT MECHANISM OF THE MALARIA PARASITE-LIVER STAGE 131,839
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV CARVER DEPT OF BBMB - STRUCTURAL BIOLOGY INITIATIVE PHASE II 2,430,654
    IOWA WESLEYAN UNIVERSITY
    601 NORTH MAIN STREET
    MT PLEASANT,IA52641     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 11,600
    LIVING HISTORY FARMS
    11121 HICKMAN ROAD
    URBANDALE,IA50322     		NONE PC ASSIST WITH RENOVATING THE RED BARN 15,000
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC SCIENTIFIC EQUIPMENT FOR PROGRAMS IN SCIENCE DISCIPLINES 190,000
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    LOUISA COUNTY AMBULANCE
    105 GAMBLE STREET
    COLUMBUS JUNCTION,IA52738     		NONE PC ASSIST WITH PURCHASE OF DEFIBRILLATOR UNIT 5,000
    LOUISA COUNTY CONSERVATION BOARD
    12635 COUNTY ROAD G56 SUITE 101
    WAPELLO,IA52653     		NONE PC EXHIBITS AT LOUISA INTERPRETIVE CENTER AT LANGWOOD 24,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    MERCER CARNEGIE LIBRARY
    200 NORTH COLLEGE AVENUE
    ALEDO,IL61231     		NONE PC NEW CONSTRUCTION 60,000
    MERCER COUNTY FAMILY YMCA
    401 SW 2ND AVENUE
    ALEDO,IL61231     		NONE PC EXPAND THE FACILITY 500,000
    MORNINGSIDE COLLEGE
    1501 MORNINGSIDE AVENUE
    SIOUX CITY,IA51106     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    MUSCATINE ART CENTER
    1314 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE PC REPLACE LIGHTING IN THE STANLEY GALLERY EXHIBIT 46,500
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV 2019 EXCELLENCE IN EDUCATION PROGRAM & IMPLEMENT PROJECT REACH - SKILL DEVELOPMENT PROGRAM 100,000
    MUSCATINE COUNTY AGRICULTURAL EXTENSION DISTRICT
    1514 ISETT AVENUE
    MUSCATINE,IA52761     		NONE PC RENOVATE SERVICE BUILDING 150,000
    MUSCATINE COUNTY CONSERVATION BOARD
    3300 CEDAR STREET
    MUSCATINE,IA52761     		NONE PC DISCOVERY PARK PLAYGROUND 175,179
    MUSCATINE POLICE DEPARTMENT
    312 EAST 5TH STREET
    MUSCATINE,IA52761     		NONE GOV MUSCATINE COUNTY DRUG TASK FORCE - PURCHASE BALLISTIC ARMOR EQUIPMENT 12,000
    MUSSER PUBLIC LIBRARY
    408 EAST 2ND STREET
    MUSCATINE,IA52761     		NONE PC PURCHASE EXTERIOR SIGNAGE 32,831
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM
    350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC ENHANCE THEMED EDUCATIONAL PROGRAM 50,000
    NORTHWEST LITTLE LEAGUE
    3400 NORTH DIVISION STREET
    DAVENPORT,IA52806     		NONE PC INSTALL LIGHTING AT NORTHWEST PARK FIELD 9,700
    NORTHWESTERN COLLEGE
    101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    QUIMBY PUBLIC LIBRARY
    120 NORTH MAIN STREET
    QUIMBY,IA51049     		NONE PC PURCHASE NEW FURNISHINGS 5,000
    ROCK ISLAND PARKS AND RECREATION
    4303 24TH STREET
    ROCK ISLAND,IL61201     		NONE PC DEVELOP A MULTIUSE RECREATIONAL FIELD 250,000
    SIMPSON COLLEGE
    701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    SIOUX CITY PUBLIC LIBRARY
    529 PIERCE STREET
    SIOUX CITY,IA51101     		NONE PC RENOVATE THE LIBRARY 60,000
    ST AMBROSE UNIVERSITY
    518 WEST LOCUST STREET
    DAVENPORT,IA52803     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    THE CLOTHING CENTER AT MINNIE'S MAISON
    1119 LECLAIRE STREET
    DAVENPORT,IA52803     		NONE PC CLOTHING FOR CHILDREN IN CRISIS 5,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE PC COMMUNITY OUTREACH PROGRAM - LOWER CEDAR VALLEY 50,000
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 11,600
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PURCHASE LABORATORY EQUIPMENT 47,048
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV ACQUIRE A HIGH-FIELD SCANNER FOR SMALL ANIMAL IMAGING 831,981
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV MICROBIOLOGY - REPLICATION MECHANISM OF INFLUENZA VIRUS 125,092
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 231,600
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CONSTRUCT A HAWKEYE WRESTLING TRAINING COMPLEX 1,000,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV ENGINEERING - MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BME 1,500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EARTH/ENV SCIENCE - PURCHASE INSTRUMENTATION FOR ELEMENTAL ANALYSIS 341,800
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - IMPROVE EARLY CHILDHOOD LANGUAGE DEVELOPMENT 118,539
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV BIOLOGY - EXPAND COMMUNITY BASED SCIENCE EDUCATION PROGRAM 90,425
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - DIRECT THE 2019 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 3,100,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV UPGRADE DATA MANAGEMENT RESOURCES IN THE CARVER CENTER FOR IMAGING 68,785
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CARVER STATEWIDE SCHOLARSHIPS 229,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV ACQUIRE EQUIPMENT FOR USE IN CHEMISTRY AND BIOCHEMISTRY 275,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV ACQUIRE EQUIPMENT FOR ROBOTICS INSTRUCTION 225,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPDATE RESOURCES FOR INSTRUCTION IN ANATOMY AND PHYSIOLOGY 40,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV ACQUIRE EQUIPMENT FOR PHYSICS INSTRUCTION AND RESEARCH 400,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV MUSEUM - DEVELOP A MUSEUM CONSERVATION PROGRAM 78,958
    UPPER IOWA UNIVERSITY
    605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 15,600
    WESTERN ILLINOIS UNIVERSITY - QUAD CITIES
    3300 RIVER DRIVE
    MOLINE,IL61265     		NONE PC EQUIP AND EXPAND ENGINEERING AND TECHNOLOGY LABS 494,917
    YOUTH SPORTS FOUNDATION
    2923 CEDAR STREET SUITE 3
    MUSCATINE,IA52761     		NONE PC PURCHASE SAFETY EQUIPMENT FOR YOUTH FOOTBALL 18,422
    Total .................................bullet 3a 16,631,797
    bApproved for future payment
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV TO STUDY A SPECIFIC BACTERIAL ENZYME COMPLEX AS A TARGET FOR DEVELOPING A NEW CLASS OF POSSIBLE ANTIMICROBIAL AGENTS 125,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV PURCHASE A SPECIALIZED ELECTRON MICROSCOPE IN SUPPORT OF THE NEXT PHASE OF THE STRUCTURAL BIOLOGY INITIATIVE 1,110,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV TO STUDY LIVER INVOLVEMENT IN THE LIFE CYCLE OF THE MALARIA PARASITE 131,396
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV CONSTRUCT NEW SCIENCE FACILITIES AT MUSCATINE HIGH SCHOOL 1,000,000
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV TO SUPPORT A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING 10,500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV SUPPORT A STUDY ON SCIENCE LITERACY FOR KINDERGARTEN THROUGH SECOND GRADE STUDENTS 120,370
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV PROVIDE MAJOR PROGRAM AND ENDOWMENT SUPPORT 33,950,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EXPAND A COMMUNITY-BASED SCIENCE EDUCATION PROGRAM 92,972
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    Total .................................bullet 3b 48,132,238
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 15,827  
    4 Dividends and interest from securities....     14 5,880,698  
    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.....     01 49,141  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 12,078,171  
    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 18,023,837 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    18,023,837
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & AUDITING FEES 34,555 6,911   27,644

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    TY 2018 DepreciationSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 1995-07-27 1,331,453 778,104 SL 39.000000000000 34,140 0    
    BUILDING ADDITIONS 2003-04-22 210,035 79,201 SL 40.000000000000 5,250 0    
    CIRCUIT BOARD 2006-11-01 676 195 SL 40.000000000000 17 0    
    BOILER (H3-0182) 2011-08-15 8,956 6,046 SL 10.000000000000 896 0    
    CYLINDERS - NORTIC HUMIDIFIER 2012-03-15 754 465 SL 10.000000000000 75 0    
    BEARING ASSEMBLY FOR HEAT PUMP 2012-04-15 501 305 SL 10.000000000000 50 0    
    COMPUTER - DELL OPTIPLEX 755 2008-06-01 808 801 SL 10.000000000000 7 0    
    DRAPERIES 2008-11-01 5,845 5,552 SL 10.000000000000 292 0    
    WALLPAPER REPLACEMENT 2008-09-01 5,179 5,006 SL 10.000000000000 173 0    
    BACKUP & MGMT PC 2009-02-01 943 872 SL 10.000000000000 71 0    
    WINDOW UNIT 2009-03-01 746 684 SL 10.000000000000 62 0    
    MUIRFIELD HI BACK LUMBAR SUPPORT PNEUMATIC CHAIRS 2009-12-21 1,413 1,189 SL 10.000000000000 141 0    
    4 DELL COMPUTERS 2010-05-15 2,799 2,239 SL 10.000000000000 274 0    
    DAMPER ACTUATOR MOTOR 2011-02-15 884 641 SL 10.000000000000 88 0    
    LAND IMPROVEMENTS 1995-07-27 10,475 6,122 SL 39.000000000000 269 0    
    LAND IMPROVEMENTS 1995-07-27 26,873 15,705 SL 39.000000000000 689 0    
    SITE IMPROVEMENTS 2003-04-22 240,860 181,648 SL 20.000000000000 12,043 0    
    ROOFING REPAIRS 2007-09-01 670 183 SL 39.000000000000 17 0    
    BOILER REPAIR 2009-09-29 665 144 SL 40.000000000000 17 0    
    BOILER REPAIR 2010-02-24 712 147 SL 40.000000000000 18 0    
    REPAIR BACKFLOW PREVENTION SYSTEM 2010-06-15 577 114 SL 40.000000000000 14 0    
    FRONT STEPS, LANDING, AND WALKWAY 2010-06-15 14,849 11,755 SL 10.000000000000 1,485 0    
    THOROSEAL COATING ON EXTERIOR WEST WALL, CAULK AT TOP OF BUILDING 2010-07-15 15,889 12,446 SL 10.000000000000 1,589 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 3,863 2,994 SL 10.000000000000 386 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 607 471 SL 10.000000000000 61 0    
    EXTERIOR WEST WALL PAINTING 2010-08-15 3,450 2,674 SL 10.000000000000 345 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-09-15 875 670 SL 10.000000000000 87 0    
    GALVANIZED HANDRAILS ON FRONT STEPS 2010-09-15 575 441 SL 10.000000000000 58 0    
    PARKING LOT REPAIR 2010-11-15 2,270 1,703 SL 10.000000000000 227 0    
    REPAIR B & G PUMP 2011-01-15 673 493 SL 10.000000000000 67 0    
    ROOF REPLACEMENT 2012-10-13 47,874 13,365 SL 20.000000000000 2,393 0    
    AIR HANDLER 2013-01-15 5,218 3,975 SL 7.000000000000 745 0    
    ALUMINUM COVER FOR FOUNDATION 2012-12-13 1,266 980 SL 7.000000000000 181 0    
    STAINLESS STEE TROOF FOR FOUNDATION 2012-08-24 8,328 6,841 SL 7.000000000000 1,190 0    
    FAN ASSEMBLY 2013-05-01 3,205 1,603 SL 10.000000000000 321 0    
    SURVEILLANCE CAMERA SYSTEM 2014-05-13 2,221 222 SL 40.000000000000 56 0    
    SURVEILLANCE CAMERA SYSTEM (ADD'L CAMERA) 2014-12-29 708 61 SL 40.000000000000 18 0    
    COPIER - KYOCERA TASKALFA 5551CI 2014-05-01 14,634 5,853 SL 10.000000000000 1,463 0    
    SHREDDER - DESTROYIT 3804SC 2014-07-31 3,160 1,211 SL 10.000000000000 316 0    
    UPS POWER BACKUP (APC PRO-1500) 2014-07-13 531 203 SL 10.000000000000 53 0    
    COMPUTER - DELL OPTIPLEX (SECRETARY) 2014-07-13 1,359 521 SL 10.000000000000 136 0    
    COMPUTER - DELL OPTIPLEX 3020 (RECEPTION AREA) 2014-07-13 1,337 513 SL 10.000000000000 134 0    
    PARKING LOT (REPLACEMENT) 2014-09-09 46,744 8,570 SL 20.000000000000 2,337 0    
    BOILER - HONEYWELL MOTOR M8185D 1006 2014-09-30 516 47 SL 40.000000000000 13 0    
    BOILER - RAYPAK MODEL H3-0182 2014-09-29 3,675 337 SL 40.000000000000 92 0    
    COMPUTER - DELL LATITUDE E6440 (LAPTOP) 2015-02-25 1,681 546 SL 10.000000000000 168 0    
    COMPUTER - DELL POWEREDGE T320 SERVER 2015-02-01 5,017 1,631 SL 10.000000000000 502 0    
    DELL - POWERCONNECT 2848 SWITCH 2015-02-01 644 209 SL 10.000000000000 64 0    
    DELL - SONICWALL TZ 215 FIREWALL 2015-02-01 1,236 402 SL 10.000000000000 124 0    
    COMPUTER - DELL LATITUDE E7450 LAPTOP 2015-07-10 1,607 456 SL 10.000000000000 161 0    
    CHRISTMAS TREE - 10' FRASER FIR 2015-10-23 1,799 465 SL 10.000000000000 180 0    
    CABINET - COMPUTER EQUIPMENT 2015-11-10 1,366 347 SL 10.000000000000 139 0    
    COMPUTER - DELL LATITUDE E7450 LAPTOP 2016-04-19 1,411 294 SL 10.000000000000 141 0    
    WATER HEATER (ELECTRIC) 2015-05-05 632 47 SL 40.000000000000 16 0    
    INVENSYS ZONE VALVE & MOTORS (HVAC SYSTEM) 2015-05-29 999 75 SL 40.000000000000 25 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-08-14 7,212 496 SL 40.000000000000 180 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-09-08 1,792 119 SL 40.000000000000 45 0    
    LIFEPAK CR - AUTOMATIC DEFIBRILLATOR 2018-05-14 1,575   SL 10.000000000000 158 0    
    OFFICE CHAIRS (3) 2018-09-12 3,081   SL 10.000000000000 205 0    
    FOUNTAIN PUMP 2018-06-28 4,035   SL 40.000000000000 92 0    
    GATE OPENER HEATERS (2) 2018-10-15 1,199   SL 40.000000000000 17 0    
    REAR GATE OPERATORS 2018-05-01 11,659   SL 40.000000000000 291 0    

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LOSS ON FIXED ASSETS DISPOSED   PURCHASED 2019-04     4,422   0 -266 4,156

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ACCO BRANDS 150,994 148,500
    ACTAVIS FDG SCS 99,570 98,419
    ACTUANT 264,888 262,957
    ADVOCATE HEALTH & HOSPITALS 70,000 73,256
    ALEXANDRIA REAL 99,601 101,571
    ALLIANT ENERGY 49,975 51,065
    AMERICAN EXPRESS CO 179,781 185,736
    AMERICAN HONDA FIN 239,749 248,103
    AMERIGAS PARTNERS 252,027 255,937
    AMPHENOL 19,981 21,308
    ANGLO AMERICAN CAP 250,000 258,554
    ANHEUSER-BUSCH 69,779 74,950
    ANTERO RES 237,500 245,000
    APACHE 129,798 132,212
    ARCELORMITTAL SA LUXEMBOURG 109,750 111,750
    ARCELORMITTAL STEP CPN 170,812 172,146
    ASCENSION HEALTH 91,947 91,477
    ASHLAND 50,281 51,062
    AT&T 274,634 276,137
    AVALONBAY COMMUNITIES 58,206 61,464
    BALL 209,585 211,750
    BANK MONTREAL 89,815 91,203
    BANK NEW YORK MELLON 179,849 184,425
    BANK NOVA SCOTIA 99,942 102,986
    BANK OF AMERICA 388,829 402,248
    BAYER US FIN II 198,542 200,676
    BB&T 59,879 62,145
    BLACK HILLS 39,817 41,613
    BOARDWALK 148,290 161,487
    BP CAP MKTS 60,000 59,848
    BRIGGS & STRATTON 275,303 258,125
    BROWN FORMAN 39,821 41,234
    BSTN PPTYS 120,438 121,147
    BUCKEYE PARTNERS 205,724 218,385
    CANADIAN PACIFIC RAILWAY 59,974 59,657
    CAPITAL ONE FINANCIAL 139,912 143,220
    CATERPILLAR FINANCIAL 74,962 77,621
    CDK GLOBAL 223,987 231,550
    CEDAR FAIR/CAN/MAGNUM/MI 255,290 255,047
    CENOVUS ENERGY 224,962 226,403
    CHARTER 254,610 264,926
    CITIGROUP 309,666 307,649
    CLEVELAND CLINC FOUNDATION 74,423 82,120
    CN LIGHT & POWER 61,395 64,524
    CNH INDL 35,087 36,228
    CNH INDL CAP 199,402 204,393
    COMCAST 150,033 156,542
    CONCHO RESOURCES 169,381 170,427
    CONTINENTAL RESOURCES 204,750 201,634
    CREDIT SUISSE 248,590 256,043
    CVS HEALTH 158,955 161,125
    DAIMLER FIN N AMER 149,712 151,588
    DEERE JOHN CAP 79,986 82,981
    DIGITAL REALTY TR 59,911 62,673
    DOWDUPONT 190,000 206,087
    DUKE ENERGY PROGRESS 69,987 72,982
    DUKE REALTY 29,678 30,936
    ECOLAB 14,992 14,881
    EMBRAER NETH FIN 361,775 372,664
    EMD FINANCE 109,806 109,425
    ENABLE MIDSTREAM 99,197 101,881
    ENERGEN 250,625 252,780
    ENLINK MIDSTREAM 229,530 223,031
    ENTERGY ARK 183,583 187,729
    ENTERPRISE PRODUCTS 59,858 63,170
    EQT 139,524 141,568
    EQUIFAX 59,381 61,609
    ERP OPERATING LTD 39,736 39,155
    FEDEX 109,867 115,606
    FISERV 119,766 124,018
    FORTUNE BRANDS 19,994 20,744
    FREEPORT-MCMORAN 214,978 223,594
    FULLER H B CO 203,365 202,500
    GENERAL MILLS 119,870 122,284
    GOLDMAN SACHS 290,574 296,866
    GRAPHIC PACKAGING 192,839 199,000
    HALLIBURTON 49,859 51,149
    HCA 238,747 240,310
    HELIOS LEASING I 120,727 117,146
    HESS 249,147 252,169
    HEXCEL 89,603 89,655
    HOST HOTELS 199,150 200,857
    INGERSOLL-RAND 69,942 70,385
    INTEL 54,986 55,272
    INTERNATIONAL PAPER CO 99,624 95,926
    INTERSTATE POWER & LIGHT 79,798 84,138
    ITC HOLDINGS 49,833 50,839
    JABIL 124,642 117,725
    JABIL CIRCUIT 103,914 103,030
    JPMORGAN CHASE & CO 345,009 351,164
    KELLOGG 49,823 52,142
    KEYCORP 159,894 168,985
    KIMCO REALTY 69,642 67,873
    KLA-TENCOR 9,952 10,287
    KRAFT FOODS GROUP 105,597 101,202
    KRAFT HEINZ FOODS 19,882 20,730
    LAM RESH 49,910 51,767
    LAMAR MEDIA 312,812 312,391
    LIBERTY PROPERTY 119,227 121,577
    MARATHON OIL 269,375 276,478
    MARSH & MCLENNAN 111,258 117,467
    MARTIN MARIETTA 161,423 167,498
    MASCO 168,921 174,648
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY 75,000 71,746
    MAXIM INTEGRATED 116,356 116,449
    MAYO CLINIC 78,579 76,178
    MICRON TECHNOLOGY 149,399 149,311
    MID-AMERICA APTS 79,522 83,083
    MIDAMERICAN ENERGY 143,863 139,745
    MITSUBISHI UFJ 110,125 111,963
    MITSUBISHI UFJ FINL GROUP 20,000 20,314
    MORGAN STANLEY 323,801 332,124
    MOSAIC 224,559 226,274
    MPLX 199,668 202,175
    NATIONAL RETAIL PPTYS 29,786 31,334
    NEW YORK & COMPANY 155,756 164,930
    NEWFIELD EXPLORATION COMPANY 203,875 213,092
    NORFOLK SOUTHERN 213,876 203,456
    NORTHERN STATES POWER 120,382 112,385
    NORTHWESTERN UNIVERSITY 195,200 196,465
    NUSTAR LOGISTICS 101,000 101,000
    NUTRIEN 129,580 134,860
    NXP 104,970 111,097
    ORACLE 99,842 100,105
    OSHKOSH 254,517 255,593
    PECO ENERGY 123,929 124,542
    PETROLEOS 212,500 212,292
    PETROLEOS MEXICANOS 99,252 89,190
    PHILLIPS 66 61,385 61,870
    PHILLIPS VAN HEUSEN 249,629 236,775
    PIONEER NATURAL RESOURCES 306,044 307,117
    PLAINS ALL AMERICAN PIPELINE 174,731 182,837
    PRESIDENT & FELLOW HARVARD COLLEGE 97,565 101,169
    PVTPL ABB TREAS CTR USA 108,247 112,869
    PVTPL ALLISON TRANSMISSION 252,938 252,855
    PVTPL ANHEUSER-BUSCH 149,212 150,491
    PVTPL AXALTA COATING SYS 259,285 251,013
    PVTPL BAE SYS HOLDINGS 99,703 101,891
    PVTPL BMW US CAP 86,549 86,532
    PVTPL CARGILL 59,921 60,793
    PVTPL CF INDS 223,749 228,977
    PVTPL FAIR ISAAC 226,641 234,000
    PVTPL GRACE W R & CO 291,038 294,938
    PVTPL GULFSTREAM NATURAL GAS SYS 111,738 113,859
    PVTPL HALFMOON PARENT 39,979 40,714
    PVTPL HANESBRANDS 250,113 252,500
    PVTPL HILL-ROM HOLDINGS 249,875 254,375
    PVTPL HOLOGIC 250,000 246,875
    PVTPL IMS HEALTH 276,688 280,844
    PVTPL INGEVITY 248,541 243,750
    PVTPL MARATHON PETROLEUM 251,186 264,769
    PVTPL MEDNAX 254,575 254,375
    PVTPL MICROCHIP TECHNOLOGY 70,000 71,928
    PVTPL MIDWEST CONNECTOR CAP 159,677 163,800
    PVTPL MONONGAHELA POWER 159,818 167,649
    PVTPL MSCI 267,000 261,875
    PVTPL MUELLER WATER PRODUCTS 177,531 178,063
    PVTPL PENNSYLVANIA ELECTRIC CO 200,962 203,964
    PVTPL SEALED AIR 141,261 136,250
    PVTPL SENSATA TECHNOLOGIES 264,375 265,625
    PVTPL SIRIUS XM RADIO 106,625 103,250
    PVTPL USG 263,463 253,125
    PVTPL WILLIAM CARTER CO 235,378 237,763
    PVTPL WOLVERINE WORLD WIDE 240,994 243,750
    RABOBANK NEDERLAND 49,611 51,442
    RANGE RES 248,625 245,788
    REALTY INCOME 184,761 187,495
    REGIONS FINANCIAL 79,953 82,447
    RELX CAP 109,166 112,237
    ROPER TECHNOLOGIES 69,897 71,626
    ROYAL BANK OF CANADA 189,601 198,220
    RYDER SYSTEM 69,934 71,656
    SANTA ROSA LEASING 59,621 58,178
    SCOTTS MIRACLE-GRO 262,135 260,000
    SEAGATE HDD CAYMAN 243,420 251,791
    SEALED AIR 259,063 258,125
    SERVICE CORP INTERNATIONAL 297,891 286,875
    SHELL INTL 87,633 92,180
    SHERWIN-WILLIAMS 109,601 108,576
    SILGAN HOLDINGS 253,125 247,500
    SOUTHERN BAPTIST 100,000 111,391
    SOUTHERN CAL EDISON 229,705 219,930
    SOUTHWESTERN ENERGY 233,363 226,120
    STANFORD HEALTH CARE 140,000 139,877
    STATE STREET 77,574 79,718
    STEEL DYNAMICS 229,025 232,313
    SUMITOMO MITSUI FINL GROUP 40,000 41,593
    TAGUA LEASING 126,146 122,666
    TELEFLEX 175,628 178,500
    TEVA 286,478 286,802
    TEXAS HEALTH RESOURCES 100,000 104,125
    TIME WARNER 129,688 130,382
    TORONTO DOMINION BANK 99,864 102,712
    TOYOTA MOTOR 100,000 102,766
    UBS GROUP FDG 200,000 197,632
    UDR 89,190 93,421
    UNILEVER CAP 198,014 197,567
    UNION PACIFIC 149,627 157,669
    UNITED TECHNOLOGIES 174,737 178,050
    UNIVERSITY OF SOUTHERN CAL 100,000 93,614
    VALE OVERSEAS 242,534 245,700
    VALMONT INDUSTRIES 54,745 51,811
    VALVOLINE 285,063 281,875
    VENTAS REALTY 139,732 143,675
    VERISIGN 250,594 255,000
    VERIZON COMMUNICATIONS 208,529 237,028
    VERSUM MATERIALS 237,850 239,344
    VODAFONE GROUP 39,700 41,267
    VORNADO REALTY 34,859 34,796
    VULCAN MATERIALS 152,773 144,511
    WARNER MEDIA 49,929 50,786
    WELLTOWER 113,691 113,669
    WESTERN GAS PARTNERS 99,285 104,342
    WESTROCK CO 99,721 98,151
    WHITING PETROLEUM 300,341 299,954

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Stock End of Year Book Value End of Year Fair Market Value
    5TH 3RD BANCORP 179,453 337,194
    ABBVIE 186,462 349,316
    ADVANCED ENERGY INDS 294,579 719,112
    AFLAC 130,450 272,052
    AGCO 127,915 176,950
    ALLSTATE 132,916 396,240
    AMERICAN AIRLINES 141,766 133,302
    AMERICAN AXLE & MFG HOLDINGS 835,645 845,027
    AMERIPRISE FINANCIAL 82,427 337,571
    AMERISAFE 220,638 764,530
    AMGEN 165,622 484,164
    ANNALY CAP MGMT 201,799 225,007
    ARCHER-DANIELS-MIDLAND 64,732 120,420
    AT&T 537,491 566,568
    ATLAS AIR WORLDWIDE HOLDINGS 682,505 909,977
    BANC CALIFORNIA 745,007 703,808
    BANK OF AMERICA 206,686 688,050
    BELDEN 226,043 588,274
    BENCHMARK ELECTRONICS 546,862 772,950
    BIG LOTS 141,520 170,936
    BRINKER INTERNATIONAL 129,524 102,648
    CAPITAL ONE FINANCIAL 162,034 287,773
    CARDINAL HEALTH 272,569 165,614
    CELANESE 244,220 258,936
    CHEVRON 159,505 600,300
    CHILDRENS PLACE 389,189 743,484
    CIRRUS LOGIC 356,388 865,004
    CISCO SYSTEMS 220,211 738,540
    CIT GROUP 147,807 170,464
    CITIGROUP 570,521 777,700
    COLUMBIA BKG SYS 352,064 785,337
    CONOCOPHILLIPS 265,657 227,232
    CORNING 103,101 200,655
    CSG SYSTEMS INTERNATIONAL 341,590 767,489
    CUMMINS 344,841 364,175
    CVS HEALTH 47,299 31,867
    DEAN FOODS 1,358,308 313,786
    DECKERS OUTDOOR 328,200 1,077,410
    DELTA AIR LINES 222,685 262,305
    DIAMONDROCK HOSPITALITY 614,674 731,964
    DIEBOLD NIXDORF 498,844 1,120,091
    DISCOVER FINANCIAL SERVICES 111,676 374,854
    DISH NETWORK 203,088 238,816
    DOMTAR 151,957 176,040
    DXC TECHNOLOGY 17,767 50,225
    DYCOM INDUSTRIES 532,858 658,059
    EAGLE PHARMACEUTICALS 460,255 518,213
    EASTMAN CHEMICAL 181,246 291,856
    EATON 385,032 380,972
    ENCANA 828 915
    ENCORE CAP GROUP 661,853 825,757
    ENERSYS 188,129 671,143
    ENTERGY 77,004 116,280
    EVEREST RE GROUP 80,111 188,400
    EXELON 293,505 504,405
    EXXON MOBIL 423,518 682,380
    FEDEX 203,860 265,244
    FERRO 498,084 656,901
    FIRSTENERGY 92,607 126,090
    FOOT LOCKER 166,591 165,909
    FORD MOTOR 408,489 259,160
    GAMING & LEISURE PPTYS 182,986 201,900
    GANNETT 17,993 28,457
    GAP 149,301 91,280
    GATX 129,326 651,748
    GENERAL MOTORS 321,847 358,340
    GENESCO 350,227 762,801
    GILEAD SCIENCES 319,557 227,640
    GOLDMAN SACHS GROUP 93,283 164,736
    GOODYEAR TIRE & RUBBER 254,436 149,838
    GREEN DOT 221,654 931,361
    GREENBRIER COS 421,458 562,618
    GROUP ONE AUTOMOTIVE 309,395 852,013
    GULFPORT ENERGY 154,808 82,530
    HARLEY DAVIDSON 250,619 156,366
    HARTFORD FINANCIAL SERVICES 142,976 266,781
    HCA HEALTHCARE 223,208 407,136
    HEWLETT PACKARD 122,486 208,692
    HMS HOLDINGS 374,242 902,097
    HOPE BANCORP 582,253 532,171
    HOSPITALITY PPTYS 139,002 135,200
    HP 149,193 247,380
    HUNTINGTON INGALLS INDUSTRIES 228,985 244,838
    HUNTSMAN 123,115 189,040
    IBERIABANK 305,785 550,935
    INGREDION 142,425 161,075
    INTEGER HOLDINGS 226,097 896,097
    INTEL 359,374 811,536
    INTERNATIONAL PAPER COMPANY 158,821 173,197
    ITRON 387,854 550,015
    J2 GLOBAL 187,230 648,388
    JOHNSON & JOHNSON 342,445 494,200
    JPMORGAN CHASE & CO 184,408 1,021,240
    JUNIPER NETWORKS 199,733 197,167
    KEYCORP 268,253 198,315
    KOHLS 225,660 319,950
    KROGER 297,766 324,828
    LA Z BOY 535,664 839,450
    LAM RESH 183,953 373,374
    LEAR 80,110 271,700
    LENNAR 60,260 73,674
    LINCOLN NATIONAL 234,289 306,912
    LITHIA MOTORS 181,446 903,619
    LYONDELLBASELL INDUSTRIES 253,165 238,221
    M D C HOLDINGS 840,262 920,834
    MACYS 164,687 56,496
    MAGELLAN HEALTH SERVICES 902,825 1,015,700
    MALLINCKRODT 56,654 15,460
    MARATHON PETE 28,634 243,480
    MATRIX SERVICE 704,953 1,066,784
    MCDERMOTT INTERNATIONAL 178,530 64,445
    MEDICAL PPTYS TR 187,587 240,948
    MERCK & CO 154,480 464,389
    METLIFE 90,153 170,681
    MGIC INVT 67,265 131,760
    MLP LAZARD 121,963 108,864
    MOLSON COORS BREWING 239,316 237,503
    MORGAN STANLEY 123,925 246,075
    NCR 131,418 130,275
    NEXTGEN HEALTHCARE 562,704 796,884
    NN 1,367,162 843,794
    ON SEMICONDUCTOR 169,763 251,354
    ORACLE 348,062 359,645
    OSHKOSH 137,387 156,921
    OWENS & MINOR 1,358,120 236,483
    OWENS CORNING 134,276 128,175
    PACKAGING CORP AMER 91,063 128,908
    PACWEST BANCORP 113,343 452,571
    PBF ENERGY 93,710 114,172
    PENNYMAC MTG INVT TR 411,767 702,030
    PFIZER 413,354 958,396
    PHILLIPS 66 215,549 320,518
    PILGRIMS PRIDE 140,859 172,224
    PNC FINANCIAL SERVICES GROUP 47,593 219,088
    PNM RESOURCES 150,045 578,178
    PROASSURANCE 436,654 511,159
    PRUDENTIAL FINANCIAL 173,295 391,127
    RADIAN GROUP 114,590 166,282
    RAYTHEON 254,135 264,609
    RED ROBIN GOURMET BURGERS 628,737 552,838
    REGIONS FINANCIAL 353,800 274,881
    RYDER SYS 122,310 119,700
    SANMINA 117,124 156,032
    SCANSOURCE 659,354 789,897
    SEAGATE TECHNOLOGY 70,832 207,776
    SELECT MED HOLDINGS 593,654 857,027
    SELECTIVE INSURANCE GROUP 295,325 1,236,943
    SENIOR HOUSING PROPERTIES TR 134,230 49,786
    SMUCKER J M 249,567 293,086
    SPIRIT AEROSYSTEMS HOLDINGS 281,756 321,530
    STATE STREET 74,394 115,022
    STERLING BANCORP 338,373 670,253
    SUN TR BANKS 211,362 320,852
    SYKES ENTERPRISES 463,713 618,631
    SYNAPTICS 970,769 915,193
    SYNNEX 31,482 104,859
    TARGET 243,965 309,680
    TEGNA 49,448 97,112
    TELEDYNE TECHNOLOGIES 138,535 867,300
    TETRA TECHNOLOGIES 146,348 845,243
    TEXTRON 199,606 206,700
    TIVO 1,361,284 922,111
    TOWER INTERNATIONAL 700,167 636,132
    TRINITY IND 149,778 140,140
    TRINSEO 169,027 107,880
    TRIUMPH GROUP 853,777 870,179
    TTM TECHNOLOGIES 1,061,806 815,584
    TYSON FOODS 75,208 322,543
    ULTRA CLEAN HOLDINGS 1,119,374 1,160,372
    UNITED BANKSHARES 251,423 532,094
    UNITED CONTINENTAL HOLDINGS 177,299 311,010
    VALERO ENERGY 75,150 462,366
    VEREIT 221,765 242,018
    VERIZON COMMUNICATIONS 601,443 691,999
    VIACOM 246,307 101,185
    VISHAY INTERTECHNOLOGY 104,864 148,575
    WALLGREENS BOOTS ALLIANCE 465,376 353,562
    WASH FED 273,725 664,457
    WEBSTER FINANCIAL 313,099 764,009
    WELLS FARGO & CO 51,527 164,594
    WESTERN DIGITAL 75,457 117,576
    WESTROCK 40,515 27,058
    WEX 130,956 927,423
    WHIRLPOOL 111,724 222,112
    WORTHINGTON INDS 250,816 534,532
    WYNDHAM DESTINATIONS 49,709 74,052
    XEROX 128,922 201,828

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    US Government Securities - End of Year Book Value:

    3,790,666
    US Government Securities - End of Year Fair Market Value:

    3,811,665
    State & Local Government Securities - End of Year Book Value:


    2,479,957
    State & Local Government Securities - End of Year Fair Market Value:


    2,574,609


    TY 2018 InvestmentsOtherSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADIAN INTERNATIONAL ALL CAP FUND AT COST 20,099,459 32,964,007
    ADAMS STREET 2009 DIRECT FUND AT COST 103,500 238,521
    ADAMS STREET 2013 GLOBAL FUND AT COST 5,800,243 7,705,448
    ADAMS STREET CO - INVESTMENT FUND III A AT COST 4,972,318 7,075,096
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND AT COST 820,597 323,926
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND AT COST 2,364,061 1,173,171
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND AT COST 1,091,742 641,649
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND AT COST 2,346,220 1,380,905
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND AT COST 639,730 764,069
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND AT COST 293,556 436,789
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND AT COST 1,163,693 1,629,830
    CROWLEY BLUE WATER PARTNERS AT COST 104,000 103,171
    ISHARES TR EAFE SMALL CAP INDEX FUND AT COST 11,183,813 16,263,758
    ISHARES TR RUSSELL 1000 GROWTH INDEX FUND AT COST 6,764,024 16,670,880
    ISHARES TR RUSSELL MIDCAP INDEX FUND AT COST 15,019,231 32,884,568
    MSN 41079 & 41084 LDT SECD NT AT COST 92,970 90,798
    SMALL BUSINESS AT COST 237,805 244,562
    SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20F AT COST 14,013 15,449
    SMALL BUSINESS ADMIN GTD DEV PARTN SER 2018-20G AT COST 174,244 180,515
    SMALL BUSINESS ADMIN GTD PARTN CTFS SER 2015-10B AT COST 292,394 291,589
    SMALL BUSINESS ADMIN GTD PARTN CTFS SER SBIC 2014-10 AT COST 268,220 272,087
    SMALL BUSINESS ADMIN SER 2015-10A AT COST 175,572 174,650
    SMALL BUSINESS ADMIN SER 2017-10A AT COST 249,630 250,001
    THE EMERGING WORLD INVESTORS LP AT COST 36,000,000 49,541,159
    U S DEPT HSG & URBAN DEV GOVT GTD PARTN SEC 108 HUD 2006-A AT COST 200,000 201,528
    VANGUARD REIT AT COST 12,178,912 16,135,723

    TY 2018 LandEtcSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 1,751,060 1,051,313 699,747 699,747
    FURNITURE & FIXTURES 272,322 203,322 69,000 69,000
    IMPROVEMENTS 381,045 297,515 83,530 83,530
    LAND 567,038 0 567,038 567,038


    TY 2018 LegalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,867 1,373   5,494


    TY 2018 OtherAssetsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT INCOME 513,284 558,210 558,210
    EXCISE TAX RECEIVABLE 37,000 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Amount
    ACCRUAL TO CASH CONVERSION 10,073,643


    TY 2018 OtherExpensesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & MEMBERSHIPS 550 0   550
    POSTAGE 1,329 266   1,063
    SUPPLIES 26,249 5,250   20,999
    COMPUTER EXPENSE 15,998 3,200   12,798
    TELEPHONE 6,581 1,316   5,265
    UTILITIES 23,929 4,786   19,143
    INSURANCE 18,045 3,609   14,436
    REPAIRS & MAINTENANCE 33,516 6,703   26,813
    PROGRAM ADMINISTRATION 5,761 0   5,761
    PORTFOLIO DEDUCTIONS (FROM K-1'S) 0 1,004,327   0


    TY 2018 OtherIncomeSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACADIAN INTERNATIONAL ALL-CAP FUND   74,559  
    ADAMS STREET 2009 DIRECT FUND LP   -24  
    ADAMS STREET 2009 DIRECT FUND LP (UBI)   126  
    ADAMS STREET 2013 GLOBAL FUND LP   -31,847  
    ADAMS STREET 2013 GLOBAL FUND LP (UBI)   46,719  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP   -98,177  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP (UBI)   113,996  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP   1,785  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP (UBI)   1,492  
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP   17,651  
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP (UBI)   -9,837  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP   2,374  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP (UBI)   1,470  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP   26,138  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP (UBI)   -11,534  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP   -159  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP (UBI)   -5,534  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP   1,199  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP (UBI)   20  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP   -7,663  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP (UBI)   7,781  
    RECOVERED PRIOR YEAR GRANTS 49,141 0 49,141
    THE EMERGING WORLD INVESTORS LP   -2,125,637  


    TY 2018 OtherLiabilitiesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX 1,918,000 1,803,000
    EXCISE TAX PAYABLE 0 20,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 1,109,232 1,109,158   0
    INVESTMENT CONSULTING FEES 71,000 71,000   0
    PROFESSIONAL CONSULTING FEES 300 60   240


    TY 2018 TaxesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 185,316 0   0
    FOREIGN TAX PAID 31,520 31,520   0
    FOREIGN TAX PAID (FROM K-1'S) 0 167,859   0
    MISC ADMIN TAXES 9 0   9