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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 05-01-2019 , and ending 04-30-2020
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$285,250,007J 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 14,365 14,365  
4 Dividends and interest from securities... 5,750,471 8,514,080  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,069,400
b Gross sales price for all assets on line 6a 52,077,728
7 Capital gain net income (from Part IV, line 2)... 8,268,450
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 367,360 4,389,949  
12 Total. Add lines 1 through 11........ 13,201,596 21,186,844  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 538,998 33,080   505,918
14 Other employee salaries and wages...... 451,296 5,180   446,116
15 Pension plans, employee benefits....... 246,434 3,002   243,432
16a Legal fees (attach schedule)......... Click to see attachment 10,549 2,110   8,439
b Accounting fees (attach schedule)....... Click to see attachment 33,900 6,780   27,120
c Other professional fees (attach schedule).... Click to see attachment 1,060,172 1,053,125   7,002
17 Interest...............   30,924    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 232,178 222,055   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 69,338 13,868  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,278 0   3,278
22 Printing and publications.......... 1,335 0   1,335
23 Other expenses (attach schedule)....... Click to see attachment 108,928 998,176   87,297
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,756,406 2,368,300   1,329,937
25 Contributions, gifts, grants paid....... 16,329,449 16,329,449
26 Total expenses and disbursements. Add lines 24 and 25 19,085,855 2,368,300   17,659,386
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,884,259
b Net investment income (if negative, enter -0-) 18,818,544
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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......... 3,843,053 3,054,727 3,054,727
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    
10a Investments—U.S. and state government obligations (attach schedule) 6,270,623 Click to see attachment7,089,923 7,631,549
b Investments—corporate stock (attach schedule)....... 54,356,560 Click to see attachment57,441,534 63,129,770
c Investments—corporate bonds (attach schedule)....... 33,005,892 Click to see attachment30,063,978 29,979,259
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 17,012,340 14,067,937 14,246,523
13 Investments—other (attach schedule).......... 122,649,947 Click to see attachment119,593,253 165,094,549
14 Land, buildings, and equipment: basis bullet3,000,360
Less: accumulated depreciation (attach schedule) bullet1,621,488 1,419,315 Click to see attachment1,378,872 1,378,872
15 Other assets (describe bullet) Click to see attachment558,210 Click to see attachment730,758 Click to see attachment730,758
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 239,179,157 233,424,982 285,250,007
Liabilities 17 Accounts payable and accrued expenses.......... 128,504 74,719
18 Grants payable................. 42,415,904 40,160,952
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 attachment1,823,000 Click to see attachment720,000
23 Total liabilities (add lines 17 through 22)......... 44,367,408 40,955,671
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 194,811,749 192,469,311
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 194,811,749 192,469,311
30 Total liabilities and net assets/fund balances (see instructions). 239,179,157 233,424,982
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
194,811,749
2
Enter amount from Part I, line 27a .....................
2
-5,884,259
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,541,821
4
Add lines 1, 2, and 3 ..........................
4
192,469,311
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 29 .
6
192,469,311
Form 990-PF (2019)
Form 990-PF (2019)
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 PUBLICLY TRADED SECURITIES - GALLIARD      
b PUBLICLY TRADED SECURITIES - INV COMM      
c PUBLICLY TRADED SECURITIES - LSV      
d PUBLICLY TRADED SECURITIES - SMITH GRAHAM      
e PUBLICLY TRADED SECURITIES - SCZ      
PUBLICLY TRADED SECURITIES - IWF      
PUBLICLY TRADED SECURITIES - IWR      
PUBLICLY TRADED SECURITIES - ACADIAN      
PUBLICLY TRADED SECURITIES - ADAMS STREET      
FROM K-1 - ACADIAN INTERNATIONAL ALL-CAP FUND      
FROM K-1 - ADAMS STREET 2009 DIRECT FUND LP      
FROM K-1 - ADAMS STREET 2013 GLOBAL FUND LP      
FROM K-1 - ADAMS STREET CO-INVESTMENT FUND IIIA LP      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP      
FROM K-1 - ADAMS STREET PTRSHP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP      
FROM K-1 - ADAMS STREET PTRSHP FUND - 2009 NON-US EMERGING MARKETS FUND LP      
FROM K-1 - ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP      
FROM K-1 - THE EMERGING WORLD INVESTORS LP      
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 30,130,049   29,319,838 810,211
b 536   50 486
c 4,864,770   3,277,169 1,587,601
d 9,680,630   8,135,501 1,545,129
e 200,029   126,217 73,812
2,400,172   854,416 1,545,756
1,000,046   403,808 596,238
846,619   846,619 0
2,944,764   2,944,764 0
      312,567
      2,792
      572,794
      425,164
      -47,445
      102,841
      -11,536
      185,595
      124,655
      28,528
      258,133
      145,016
10,113     10,113
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       810,211
b       486
c       1,587,601
d       1,545,129
e       73,812
      1,545,756
      596,238
      0
      0
      312,567
      2,792
      572,794
      425,164
      -47,445
      102,841
      -11,536
      185,595
      124,655
      28,528
      258,133
      145,016
      10,113
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 8,268,450
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))
2018 17,821,078 325,237,791 0.054794
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
2
Total of line 1, column (d) .....................
2
0.269554
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
0.053911
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
317,142,592
5
Multiply line 4 by line 3......................
5
17,097,474
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
188,185
7
Add lines 5 and 6........................
7
17,285,659
8
Enter qualifying distributions from Part XII, line 4,.............
8
17,665,165
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 (2019)
Form 990-PF (2019)
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 1 188,185
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........................... 3 188,185
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- ..... 5 188,185
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 339,244
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.............. 7 339,244
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 10 151,059
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet151,059 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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 2019, 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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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     		26,300 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     		25,300 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    TROY K ROSS EXECUTIVE ADMINISTRATOR
    40.00     		373,598 62,641 3,114
    202 IOWA AVENUE
    MUSCATINE,IA52761
    D SCOTT INGSTAD TRUSTEE
    2.00     		23,300 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    DAVID M UTLEY TRUSTEE/SECRETARY
    2.00     		23,300 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MARTIN G CARVER TRUSTEE
    2.00     		23,300 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     		165,204 32,845 139
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MICHELLE L ELIAS FINANCE DIRECTOR
    40.00     		83,191 31,005 46
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA K DEAN EXECUTIVE ASSISTANT
    40.00     		86,634 20,693 177
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA B MUMEY PROGRAM ASST/SEC
    40.00     		60,067 8,250 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 339,835
    600 TRAVIS STREET
    HOUSTON,TX77002
    ACADIAN ASSET MANAGEMENT ASSET MANAGEMENT 246,619
    1 POST OFFICE SQUARE
    BOSTON,MA02109
    LSV ASSET MANAGEMENT ASSET MANAGEMENT 176,389
    155 NORTH WACKER DRIVE SUITE 4600
    CHICAGO,IL60606
    GALLIARD CAPITAL MANAGEMENT ASSET MANAGEMENT 141,438
    800 LASALLE AVENUE SUITE 1100
    MINNEAPOLIS,MN55402
    NORTHERN TRUST ASSET MANAGEMENT 88,074
    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 (2019)
    Form 990-PF (2019)
    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
    320,430,201
    b
    Average of monthly cash balances.......................
    1b
    701,063
    c
    Fair market value of all other assets (see instructions)................
    1c
    840,911
    d
    Total (add lines 1a, b, and c).........................
    1d
    321,972,175
    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
    321,972,175
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    4,829,583
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    317,142,592
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    15,857,130
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    15,857,130
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    188,185
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    188,185
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    15,668,945
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    367,360
    5
    Add lines 3 and 4............................
    5
    16,036,305
    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
    16,036,305
    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
    17,659,386
    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
    5,779
    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
    17,665,165
    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
    188,185
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,476,980
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 16,036,305
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 1,257,925
    b From 2015...... 1,418,720
    c From 2016...... 1,423,334
    d From 2017...... 1,156,852
    e From 2018...... 1,585,559
    fTotal of lines 3a through e........ 6,842,390
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 17,665,165
    a Applied to 2018, 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 2019 distributable amount..... 16,036,305
    e Remaining amount distributed out of corpus 1,628,860
    5 Excess distributions carryover applied to 2019. 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 8,471,250
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		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 2014 not
    applied on line 5 or line 7 (see instructions) ...     		1,257,925
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		7,213,325
    10 Analysis of line 9:
    a Excess from 2015.... 1,418,720
    b Excess from 2016.... 1,423,334
    c Excess from 2017.... 1,156,852
    d Excess from 2018.... 1,585,559
    e Excess from 2019.... 1,628,860
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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 (2019)
    Form 990-PF (2019)
    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
    AFRICAN AMERICAN MUSEUM OF IOWA
    55 12TH AVENUE SE
    CEDAR RAPIDS,IA52401     		NONE PC SUPPORT BUILDING AND EXHIBIT UPDATES 72,222
    AMERICAN RED CROSS
    1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC DISASTER RELIEF FOR EASTERN IOWA FLOODING 10,000
    AMERICAN RED CROSS
    1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC EMERGENCY BLOOD DRIVE PUBLIC SERVICE CAMPAIGN 15,000
    BOY SCOUTS OF AMERICA - ILLOWA COUNCIL
    4412 NORTH BRADY STREET
    DAVENPORT,IA52806     		NONE PC SUPPORT IMPROVEMENTS AT CAMP LOUD THUNDER 147,709
    BRIAR CLIFF UNIVERSITY
    3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 12,000
    BUENA VISTA UNIVERSITY
    610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 20,000
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		NONE PC PURCHASE A NUCLEAR MAGNETIC RESONANCE SPECTROMETER 145,000
    CITY OF WEST LIBERTY
    119 EAST 3RD STREET
    WEST LIBERTY,IA52776     		NONE GOV KIMBERLY PARK PLAYGROUND EQUIPMENT 25,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC RENOVATE CAMPUS CLASSROOMS 100,000
    COE COLLEGE
    1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    COMMUNITY FOUNDATION OF GREATER MUSCATINE
    208 WEST 2ND STREET SUITE 213
    MUSCATINE,IA52761     		NONE PC VISION 20/20 - SUSTAIN SERVICES 30,000
    CORNELL COLLEGE
    600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DAVENPORT PUBLIC LIBRARY
    321 NORTH MAIN STREET
    DAVENPORT,IA52801     		NONE PC RENOVATE THE LIBRARY INTERIOR 100,000
    DIKE PUBLIC LIBRARY
    133 EAST ELDER STREET
    DIKE,IA50624     		NONE PC REPLACE THE LIBRARY ROOF 5,950
    DORDT COLLEGE
    498 4TH AVENUE NE
    SIOUX CENTER,IA51250     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 20,000
    EAST MOLINE PUBLIC LIBRARY
    740 16TH AVENUE
    EAST MOLINE,IL61244     		NONE PC RENOVATE AND EXPAND A BUILDING TO HOUSE THE LIBRARY 100,000
    EASTER SEALS IOWA
    401 NE 66TH AVENUE
    DES MOINES,IA50313     		NONE PC SUPPORT FACILITY IMPROVEMENTS AT CAMP SUNNYSIDE 200,000
    FLICKINGER LEARING CENTER
    413 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE PC IMPLEMENT STUDENT TRANSPORTATION PROGRAM 25,000
    GRACELAND UNIVERSITY
    1 UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRAND VIEW UNIVERSITY
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRAND VIEW UNIVERSITY
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC ACQUIRE SCIENTIFIC INSTRUMENTATION 147,475
    GRINNELL COLLEGE
    1115 8TH AVENUE
    GRINNELL,IA50112     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GROUT MUSEUM DISTRICT
    503 SOUTH STREET
    WATERLOO,IA50701     		NONE PC RENOVATE THE MUSEUM PLANETARIUM 58,000
    HUDSON PUBLIC LIBRARY
    401 5TH STREET
    HUDSON,IA50643     		NONE PC UPDATE THE LIBRARY 27,909
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 245,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV BIOTECHNOLOGY - SUPPORT THE ACQUISITION OF LIGHT-SHEET MICROSCOPY TECHNOLOGY 492,088
    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 EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 84,416
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION 94,834
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY PROTEIN EXPORT MECHANISM OF THE MALARIA PARASITE-LIVER STAGE 131,396
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV CARVER DEPT OF BBMB - STRUCTURAL BIOLOGY INITIATIVE PHASE II 1,110,000
    IOWA WESLEYAN UNIVERSITY
    601 NORTH MAIN STREET
    MT PLEASANT,IA52641     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 4,000
    LAKE VIEW PUBLIC LIBRARY
    202 MAIN STREET BOX 20
    LAKE VIEW,IA51450     		NONE PC CONSTRUCT AN ADDITION TO THE LIBRARY 40,000
    LEAGUE OF WOMEN VOTERS OF IOWA
    CAPITOL BUILDING 1007 EAST GRAND
    AVENUE
    DES MOINES,IA50319     		NONE PC CURRICULUM ON XIX AMENDMENT IN IOWA 37,500
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    MORNINGSIDE COLLEGE
    1501 MORNINGSIDE AVENUE
    SIOUX CITY,IA51106     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 12,000
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    MUSCATINE CENTER FOR SOCIAL ACTION
    312 IOWA AVENUE
    MUSCATINE,IA52761     		NONE PC GYMNASIUM FLOORING AND SOUND SYSTEM 24,846
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV CONSTRUCT HIGH SCHOOL SCIENCE FACILITIES 1,000,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV FUND THE 2020 EXCELLENCE IN EDUCATION PROGRAM 84,000
    NAHANT MARSH EDUCATION CENTER
    4220 WAPELLO AVENUE
    DAVENPORT,IA52802     		NONE PC CONSTRUCT AND EQUIP A NEW FACILITY 125,000
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM
    350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC EXHIBIT DEVELOPMENT 250,000
    NATIONAL PEARL BUTTON MUSEUM
    117 WEST 2ND STREET
    MUSCATINE,IA52761     		NONE PC EXHIBIT DEVELOPMENT AT LACMRERS 20,000
    NORTHWESTERN COLLEGE
    101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    NORTHWESTERN COLLEGE
    101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC DEV. INSTR. FACILITIES FOR PHYSICIAN ASSISTANT TRAINING PROGRAM 120,000
    PERRY PUBLIC LIBRARY
    1101 WILLIS AVENUE
    PERRY,IA50220     		NONE PC UPDATE THE LIBRARY INTERIOR 60,000
    RIVER BEND FOODBANK
    4010 KIMMEL DRIVE
    DAVENPORT,IA52802     		NONE PC DISASTER RELIEF FUND 10,000
    ROCK ISLAND GIRLS SOFTBALL LEAGUE
    PO BOX 3961
    ROCK ISLAND,IL61204     		NONE PC ROTARY FIELD LIGHTING PROJECT 23,250
    SAINTS MARY AND MATHIAS CATHOLIC SCHOOL
    2407 CEDAR STREET
    MUSCATINE,IA52761     		NONE PC KILN 3,713
    SIMPSON COLLEGE
    701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    ST AMBROSE UNIVERSITY
    518 WEST LOCUST STREET
    DAVENPORT,IA52803     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    TABOR PUBLIC LIBRARY
    723 MAIN STREET
    TABOR,IA51653     		NONE PC CONSTRUCT A NEW BUILDING 60,000
    THE 180 ZONE INC
    601 NORTH MARQUETTE STREET
    DAVENPORT,IA52802     		NONE PC PURCHASE A PROGRAM VEHICLE 15,000
    THE NATURE CONSERVANCY
    4245 NORTH FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA22203     		NONE PC SUPPORT BIO SURVEY - LAND SWAMP WHITE OAK 80,000
    UNITYPOINT HEALTH - DES MOINES FOUNDATION
    1415 WOODLAND AVENUE SUITE E-200
    DES MOINES,IA50309     		NONE PC SUPPORT MEDICAL STUDENT RESEARCH PROJECT 30,000
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 12,000
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV CARVER BIOTECH CENTER - SPECTROMETER AND MICROSCOPE DEVICE 399,995
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV BIOLOGY - ACQUIRE EQUIPMENT FOR A GENOMICS RESEARCH CENTER 275,177
    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 CCOM - ENDOWMENT FOR IVR GENE THERAPY LAB - DR BUDD TUCKER 1,500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - IMPROVE EARLY CHILDHOOD LANGUAGE DEVELOPMENT 120,370
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV BIOLOGY - EXPAND COMMUNITY BASED SCIENCE EDUCATION PROGRAM 92,972
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - DIRECT THE 2020 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 3,100,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CHEMISTRY - DEVELOP NEW UNDERGRADUATE CURRICULA IN CHEMISTRY 47,214
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV PUBLIC HEALTH - EXTEND A MUSCATINE STUDY ON CARDIOVASCULAR HEALTH 390,558
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV STANLEY MUSEUM OF ART - CONSTRUCT A NEW FACILITY 500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV LIBRARIES - PURCHASE TECHNOLOGY FOR TRAINING AND EDUCATION OF ANATOMY 108,530
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - ENDOWMENT FOR IVR GENE THERAPY LAB - DR BUDD TUCKER 1,000,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV COMMUNICATIONS EQUIPMENT USED IN THE STUDY OF SPEECH DISORDERS 113,560
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV HUMANITIES - ACQUIRE INSTRUMENT FOR ADVANCED SPECTRAL ANALYSIS 375,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPDATE AN INSTRUCTIONAL LABORATORY FOR THE STUDY OF GENETICS 160,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV UPDATE MICROSCOPY EQUIPMENT 125,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CENTER FOR ENERGY AND ENV. ED. - DEVELOP EDUCATIONAL PROGRAM IN PUBLIC HEALTH 59,765
    UPPER IOWA UNIVERSITY
    605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    UPPER IOWA UNIVERSITY
    605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PURCHASE EQUIPMENT FOR CHEMICAL ANALYSIS 80,000
    VERA FRENCH FOUNDATION
    1441 WEST CENTRAL PARK AVENUE
    DAVENPORT,IA52804     		NONE PC EXPAND THERAPEUTIC SERVICES FOR QUAD CITY YOUTH 25,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    WEST LIBERTY COMMUNITY SCHOOL DISTRICT
    1103 NORTH ELM STREET
    WEST LIBERTY,IA52776     		NONE PC GIRLS SOFTBALL FIELD LIGHTING 25,000
    WVIK RADIO AT AUGUSTANA COLLEGE
    815 38TH STREET
    ROCK ISLAND,IL61201     		NONE PC HD CHANNEL DEVELOPMENT 30,000
    Total .................................bullet 3a 16,329,449
    bApproved for future payment
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 122,500
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 168,832
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION IN CHILDREN WHO ARE IMMUNOCOMPROMISED DUE TO NUTRITIONAL DEFICIENCY 255,291
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 122,500
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV SUPPORT A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING 9,000,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CREATE AN OPERATIONAL ENDOWMENT FOR A GENE THERAPY LABORATORY IN THE INSTITUTE FOR VISION RESEARCH 500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV PROVIDE MAJOR PROGRAM AND ENDOWMENT SUPPORT 30,850,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DEVELOP A NEW UNDERGRADUATE CURRICULA IN CHEMISTY 128,296
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV PURCHASE TECHNOLOGY FOR TRAINING AND EDUCATION IN ANATOMY 23,162
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 122,500
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV DEVELOP EDUCATIONAL PROGRAMMING IN PUBLIC HEALTH SCIENCE AND COMMUNITY ENGAGEMENT 123,551
    Total .................................bullet 3b 41,416,632
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 14,365  
    4 Dividends and interest from securities....     14 5,750,471  
    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.....     01 367,360  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 7,069,400  
    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 13,201,596 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,201,596
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description