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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
ED GARDNER TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PADUCAH, KY420022600
A Employer identification number

61-6072909
B Telephone number (see instructions)

(270) 575-5731
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$25,970,932J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 456,883 456,883  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 827,649
b Gross sales price for all assets on line 6a 5,033,676
7 Capital gain net income (from Part IV, line 2)... 827,649
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,284,532 1,284,532  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 68,146 68,146   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,750 2,750   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 31,742 9,491   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 199 199   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 102,837 80,586   0
25 Contributions, gifts, grants paid....... 1,087,335 1,087,335
26 Total expenses and disbursements. Add lines 24 and 25 1,190,172 80,586   1,087,335
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 94,360
b Net investment income (if negative, enter -0-) 1,203,946
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,621,031 1,259,403 1,259,403
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.......... 9,160    
10a Investments—U.S. and state government obligations (attach schedule) 1,051,893 Click to see attachment501,098 522,479
b Investments—corporate stock (attach schedule)....... 7,317,819 Click to see attachment7,736,083 12,924,376
c Investments—corporate bonds (attach schedule)....... 1,389,231 Click to see attachment634,318 611,025
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,132,993 Click to see attachment9,505,139 10,653,649
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,522,127 19,636,041 25,970,932
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment19,554
23 Total liabilities (add lines 17 through 22)......... 0 19,554
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........ 19,522,127 19,616,487
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)..... 19,522,127 19,616,487
30 Total liabilities and net assets/fund balances (see instructions). 19,522,127 19,636,041
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
19,522,127
2
Enter amount from Part I, line 27a .....................
2
94,360
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
19,616,487
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
19,616,487
Form 990-PF (2020)
Form 990-PF (2020)
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 BAIRD CORE PLUS BD FUND INSTL CLASS 8643.043 SHS P 2019-12-23 2020-04-30
b BAIRD CORE PLUS BD FUND INSTL CLASS 12975.778 SHS P 2019-11-06 2020-04-30
c ALIGN TECHNOLOGY INC CORP COMMON 750 SHS P 2019-10-03 2020-05-08
d TEMPLETON INCOME TR GLB BD ADVSOR 7201.646 SHS P 2019-11-06 2020-10-16
e HOME DEPOT INC 100 SHS P 2020-04-01 2020-12-22
LOWES COMPANIES INC 250 SHS P 2016-02-16 2020-02-24
LOWES COMPANIES INC 250 SHS P 2016-01-15 2020-02-24
VISA INC 250 SHS P 2014-08-07 2020-02-24
BAIDU INC 200 SHS P 2016-01-15 2020-04-13
BAIDU INC 250 SHS P 2015-09-30 2020-04-13
BAIDU INC 200 SHS P 2015-08-06 2020-04-13
TECENT HOLDINGS LTD ADR 1000 SHS P 2018-08-20 2020-04-13
TECENT HOLDINGS LTD ADR 3000 SHS P 2018-07-16 2020-04-13
CARRIER GLOBAL CORP 200 SHS P 2016-07-15 2020-04-22
CARRIER GLOBAL CORP 650 SHS P 2016-07-29 2020-04-22
OTIS WORLDWIDE CORP 100 SHS P 2016-07-15 2020-04-22
OTIS WORLDWIDE CORP 325 SHS P 2016-07-29 2020-04-22
AMERISOURCEBERGEN CORP 600 SHS P 2016-04-28 2020-04-23
MCKESSON CORP 100 SHS P 2016-09-23 2020-04-23
MCKESSON CORP 500 SHS P 2016-08-02 2020-04-23
US TREASURY NOTE 2.375% 4/30/20 P 2018-05-04 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 9149.131 SHS P 2019-02-01 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 9041.591 SHS P 2018-02-06 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 32808.399 SHS P 2016-08-16 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 13599.2749 SHS P 2015-09-30 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 13311.8028 SHS P 2012-12-19 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 2214.844 SHS P 2013-05-03 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 9044.7531 SHS P 2014-06-06 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 13567.1296 SHS P 2014-07-02 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 6759.9902 SHS P 2014-07-10 2020-04-30
BAIRD CORE PLUS BD FUND INSTL CLASS 13555.3112 SHS P 2014-09-22 2020-04-30
FACEBOOK INC CLASS A 350 SHS P 2016-10-13 2020-05-14
LOWES COMPANIES INC 250 SHS P 2016-08-17 2020-05-14
LOWES COMPANIES INC 250 SHS P 2016-02-16 2020-05-14
AT&T INC 3.875% 8/15/21 P 2011-08-26 2020-06-30
CITIGROUP INC 4.4% 6/10/2025 P 2016-04-22 2020-08-06
WELLS FARGO CO MTN 4.1% 06/03/2026 P 2016-05-17 2020-08-06
US TREASURY NOTE 2.625% 8/15/20 P 2010-08-12 2020-08-17
COMPUTER SERVICES 500 SHS P 2016-06-10 2020-08-26
MICROSOFT CORP 250 SHS P 2018-11-10 2020-08-26
COMPUTER SERVICES 240 SHS P 2016-07-12 2020-08-27
COMPUTER SERVICES 260 SHS P 2016-06-10 2020-08-27
MASTERCARD INC CLASS A 600 SHS P 2014-09-30 2020-09-03
MORGAN STANLEY BANK CD 2.8% 09/08/20 P 2018-08-30 2020-09-08
ALPHABET INC CLASS C 15.275 SHS P 2014-10-17 2020-11-13
ALPHABET INC CLASS C 0.5490 SHS P 2014-10-14 2020-11-13
ALPHABET INC CLASS C 50.137 SHS P 2013-05-03 2020-11-13
ALPHABET INC CLASS C 84.039 SHS P 2013-02-12 2020-11-13
INTERNATIONAL BUSINESS MACHS 3.375% 08/01/2023 P 2016-05-03 2020-12-22
BERKSHIRE HATHAWAY INC CLASS B 100 SHS P 2015-04-17 2020-12-22
BOOKING HOLDINGS INC 15 SHS P 2015-01-12 2020-12-22
LOWES COMPANIES INC 250 SHS P 2016-08-17 2020-12-22
MCKESSON CORP 100 SHS P 2016-09-23 2020-12-22
MICROSOFT CORP 100 SHS P 2018-11-01 2020-12-22
ORACLE CORPORATION 150 SHS P 2014-09-12 2020-12-22
PEPSICO INC 250 SHS P 2014-07-30 2020-12-22
VISA INC 150 SHS P 2014-08-07 2020-12-22
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 102,074   100,000 2,074
b 153,244   150,000 3,244
c 161,224   138,349 22,875
d 70,000   74,016 -4,016
e 27,010   17,593 9,417
30,904   16,872 14,032
30,904   17,264 13,640
50,044   13,069 36,975
19,716   32,796 -13,080
24,644   34,275 -9,631
19,716   34,922 -15,206
49,804   44,808 4,996
149,412   144,986 4,426
2,966   3,618 -652
9,640   12,008 -2,368
4,703   5,423 -720
15,284   17,997 -2,713
52,787   52,080 707
13,757   16,703 -2,946
68,784   96,788 -28,004
250,000   249,625 375
108,051   100,000 8,051
106,781   100,000 6,781
387,467   375,000 12,467
160,607   150,000 10,607
157,212   150,000 7,212
26,157   25,000 1,157
106,819   100,000 6,819
160,228   150,000 10,228
79,835   75,000 4,835
160,088   150,000 10,088
71,656   44,782 26,874
27,385   19,245 8,140
27,384   16,872 10,512
103,875   100,371 3,504
285,683   258,400 27,283
227,368   211,532 15,836
300,000   299,866 134
29,739   9,507 20,232
55,127   26,505 28,622
14,395   4,462 9,933
15,595   4,944 10,651
207,255   44,787 162,468
245,000   245,000 0
27,148   7,784 19,364
976   297 679
89,108   21,028 68,080
149,362   32,831 116,531
107,620   107,145 475
22,262   14,098 8,164
30,710   15,450 15,260
41,196   19,245 21,951
16,978   16,703 275
22,344   10,602 11,742
9,797   6,080 3,717
35,907   12,457 23,450
30,940   7,842 23,098
79,004     79,004
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       2,074
b       3,244
c       22,875
d       -4,016
e       9,417
      14,032
      13,640
      36,975
      -13,080
      -9,631
      -15,206
      4,996
      4,426
      -652
      -2,368
      -720
      -2,713
      707
      -2,946
      -28,004
      375
      8,051
      6,781
      12,467
      10,607
      7,212
      1,157
      6,819
      10,228
      4,835
      10,088
      26,874
      8,140
      10,512
      3,504
      27,283
      15,836
      134
      20,232
      28,622
      9,933
      10,651
      162,468
      0
      19,364
      679
      68,080
      116,531
      475
      8,164
      15,260
      21,951
      275
      11,742
      3,717
      23,450
      23,098
      79,004
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 2 827,649
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 16,735
c All other domestic foundations enter 1.39% 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 16,735
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 16,735
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 15,720
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 15,720
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 1,015
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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 the instructions
for the 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)
    bulletKY
    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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE PADUCAH BANK TRUST CO Telephone no.bullet (270) 575-5731

    Located atbulletPO BOX 2600PADUCAHKY ZIP+4bullet420022600
    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 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    PADUCAH BANK TRUST CO TRUSTEE
    1.00     		68,146 0 0
    PO BOX 2600
    PADUCAH,KY420022600
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    23,537,628
    b
    Average of monthly cash balances.......................
    1b
    1,440,217
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,977,845
    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
    24,977,845
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    374,668
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    24,603,177
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,230,159
    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
    1,230,159
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,735
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,735
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,213,424
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,213,424
    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
    1,213,424
    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
    1,087,335
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,087,335
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,087,335
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,213,424
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,087,312
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,087,335
    a Applied to 2019, but not more than line 2a 1,087,312
    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 2020 distributable amount..... 23
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,213,401
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    THE ANNIE GARDNER FOUNDATION
    EAST COLLEGE STREET
    MAYFIELD,KY42066     		NONE PRIVATE FOUNDATION TO ASSIST IN PREVENTING AND RELIEVING SUFFERING AND DISTRESS AMONG POOR, UNFORTUNATE AND VOCATIONALLY HANDICAPPED PERSONS RESIDING IN GRAVES COUNTY, KENTUCKY, BY PROVIDING TO OR FOR THEM, AND THEIR DEPENDENTS, NECESSARY FOOD, RAIMENT, SHELTER, MEDICINES, MEDICAL AND DENTAL ATTENTION, HOSPITALIZATION, AND EDUCATIONAL OPPORTUNITIES. 1,087,335
    Total .................................bullet 3a 1,087,335
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         456,883
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        827,649
    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 0 1,284,532
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,284,532
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    4 DIVIDENDS AND INTEREST FROM INVESTMENT SECURITIES IS USED TO FURTHER THE CHARITABLE PURPOSES OF THE FOUNDATION BY FUNDING SUCH PURPOSES
    8 GAIN OR (LOSS) FROM SALES OF ASSETS OTHER THAN INVENTORY IS USED TO FURTHER THE CHARITABLE PURPOSES OF THE FOUNDATION BY FUNDING SUCH PURPOSES
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WILLIAMS, WILLIAMS & LENTZ 2,750 2,750   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TEMPLETON INCOME TR GLB BD ADVSOR 273,230 250,597
    EXPRESS SCRIPTS HLDG 3.9% 2/15/22 210,514 207,260
    TOYOTA MOTOR CORP 3.4% 9/15/21 150,574 153,168

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC CLASS A 392,117 990,242
    ALPHABET INC CLASS C 43,318 148,910
    AMAZON INC 162,372 325,693
    AMERICAN EXPRESS COMPANY 50,175 78,592
    AMERISOURCEBERGEN CORP 362,105 430,144
    ANALOG DEVICES INC 92,906 147,730
    ANTHEM INC 203,947 272,926
    BANK OF NEW YORK MELLON 119,005 127,320
    BERKSHIRE HATHAWAY INC 334,211 556,488
    BOOKING HOLDINGS INC 363,860 634,772
    CARMAX INC 101,851 188,920
    CHARLES SCHWAB CORP 121,320 159,120
    COMCAST CORP NEW CL A 174,489 262,000
    COMPUTER SERVICES 216,839 683,100
    CVS HEALTH CORPORATION 76,657 76,837
    DISNEY (WALT) COMPANY HOLDING CO 66,065 90,590
    EBAY INC 120,769 201,000
    EXXON MOBIL CORP COM 70,140 41,220
    FACEBOOK INC CLASS A 348,233 682,900
    FIDELITY NATIONAL INFORMATION SERVICES CORP COMMON 169,541 169,752
    FISERV INC 84,007 85,395
    GENERAL DYNAMICS CORP 231,180 178,584
    HOME DEPOT INC 52,779 79,686
    IQVIA HLDGS INC 223,588 510,635
    JPMORGAN CHASE&CO 100,160 127,070
    LOWES COMPANIES INC 250,198 561,785
    LYFT INC CLASS A CORP COMMON 143,764 171,955
    MASTERCARD INC CLASS A 177,302 856,656
    MCKESSON CORP 56,597 60,872
    MICROSOFT CORP 318,945 645,018
    NETFLIX INC 193,243 216,292
    OMNICOM GROUP INC 81,704 68,607
    ORACLE CORPORATION 159,331 249,057
    PEPSICO INC 37,534 111,225
    RAYTHEON TECHNOLOGIES CORP 52,119 60,784
    UBER TECHNOLOGIES INC CORP 142,881 229,500
    UNITEDHEALTH GROUP INC 169,440 263,010
    VISA INC 164,742 568,698
    WELLS FARGO & CO NEW 208,170 128,265
    ENBRIDGE INC 499,031 447,860
    NOVARTIS AG 134,522 184,139
    SANOFI 95,229 121,475
    TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR 198,228 272,600
    TENCENT HOLDINGS LTD ADR 174,212 287,560
    UNILEVER PLC ADR 115,828 120,720
    WPP PLC ADR CORP 81,429 48,672

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    501,098
    State & Local Government Securities - End of Year Fair Market Value:


    522,479


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ROYCE SPECIAL EQUITY INSTL AT COST 250,000 225,400
    T ROWE PRICE DIVERSIFIED SMALL-CAPP GROWTH FUND AT COST 152,187 374,621
    T ROWE PRICE MID-CAP GROWTH FUND AT COST 200,000 325,270
    T ROWE PRICE MID-CAP VALUE FUND AT COST 250,000 286,759
    VANGUARD SHORT TERM TREASURY ETF AT COST 305,025 308,000
    DODGE & COX INTERNATIONAL STOCK FUND AT COST 875,000 900,900
    EUROPACIFIC GROWTH FD CL F-2 AT COST 775,000 1,389,822
    BAIRD CORE PLUS BD FUND INSTL CLASS AT COST 2,600,000 2,622,622
    DODGE & COX INCOME AT COST 2,125,000 2,244,639
    PIMCO INCOME FUND INSTL CLASS AT COST 916,627 909,687
    TCW TOTAL RETURN BOND FD I AT COST 1,056,300 1,065,929

    TY 2020 OtherExpensesSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DTC DEPOSIT FEE - SANOFI 125 125   0
    DTC DEPOSIT FEE - TECENT HOLDINGS LTD ADR 74 74   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Description Beginning of Year - Book Value End of Year - Book Value
    BASIS ADJUSTMENT 0 19,554


    TY 2020 TaxesSchedule
    Name:
    ED GARDNER TRUST
    EIN:
    61-6072909
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 22,251 0   0
    FOREIGN TAXES 9,491 9,491   0