Form990-PF
Click to see list of attachments

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 05-01-2020 , and ending 04-30-2021
Name of foundation
Harold R Bechtel Charitable
Trust
Number and street (or P.O. box number if mail is not delivered to street address)201 W Second Street 1000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Davenport, IA52801
A Employer identification number

26-1284636
B Telephone number (see instructions)

(563) 328-3353
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$59,510,921J 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... 941,673 941,673  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,697,233
b Gross sales price for all assets on line 6a 24,159,167
7 Capital gain net income (from Part IV, line 2)... 12,697,233
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 -156,798 -156,798  
12 Total. Add lines 1 through 11........ 13,482,108 13,482,108  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 153,455 76,727   76,728
14 Other employee salaries and wages...... -27,526 -13,763   -13,763
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 19,346     19,346
b Accounting fees (attach schedule)....... Click to see attachment 11,852 11,852    
c Other professional fees (attach schedule).... Click to see attachment 194,704 194,704    
17 Interest............... 18,765 3,876   14,889
18 Taxes (attach schedule) (see instructions)... Click to see attachment 306,169 3,326    
19 Depreciation (attach schedule) and depletion... Click to see attachment 838 838  
20 Occupancy.............. 7,650 3,825   3,825
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 40,005 20,002   20,003
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 725,258 301,387   121,028
25 Contributions, gifts, grants paid....... 1,924,387 1,924,387
26 Total expenses and disbursements. Add lines 24 and 25 2,649,645 301,387   2,045,415
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,832,463
b Net investment income (if negative, enter -0-) 13,180,721
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............. 33,100 3,835 3,835
2 Savings and temporary cash investments......... 1,226,040 4,958,987 4,958,987
3 Accounts receivable bullet138
Less: allowance for doubtful accounts bullet     138 138
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 25,132,340 32,037,248 50,709,497
c Investments—corporate bonds (attach schedule)....... 2,676,281 2,665,245 2,552,287
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 500,000 500,000  
14 Land, buildings, and equipment: basis bullet216,000
Less: accumulated depreciation (attach schedule) bullet   216,000 Click to see attachment216,000 93,730
15 Other assets (describe bullet) Click to see attachment945,633 Click to see attachment1,147,652 Click to see attachment1,192,447
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,729,394 41,529,105 59,510,921
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)...... 439,109 Click to see attachment406,358
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 439,109 406,358
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........ 203,658 203,658
27 Paid-in or capital surplus, or land, bldg., and equipment fund 7,401,593 7,401,593
28 Retained earnings, accumulated income, endowment, or other funds 22,685,034 33,517,496
29 Total net assets or fund balances (see instructions)..... 30,290,285 41,122,747
30 Total liabilities and net assets/fund balances (see instructions). 30,729,394 41,529,105
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
30,290,285
2
Enter amount from Part I, line 27a .....................
2
10,832,463
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
41,122,748
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,122,747
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 Albemarle Corp P    
b Alphabet Inc P    
c Alexion Pharmaceuticals P    
d Amazon P    
e American Campus Communities P    
Apple Inc P    
Aptiv Plc P    
Bank of America Corp. P    
Boeing Co P    
Cabot Oil Gas Corp P    
Centene Corp P    
Chubb Ltd P    
Delta Air Lines Inc P    
Doubleline Total P    
Edwards Lifesciences Corp P    
Electronic Arts Inc P    
Facebook Inc Class A P    
Five Below P    
Gilead Sciences Inc. P    
JP Morgan Chase Co P    
Maraton Petroleum Corp P    
Micron Technology Inc P    
Microsoft Corp P    
Mohawk Inds Inc P    
Mylan NV P    
Nuveen Real Estate P    
Paypal Holdings Inc. P    
Piper Sander Co P    
Ringcentral Inc Class A P    
SP Global Inc P    
Charles Schwab Corp P    
Servicenow Inc P    
Splunk Inc P    
T Rowe Pric Mid Cap Value P    
TC Energy Corp P    
Trade Desk Inc P    
Transdigm Group Inc P    
Transunion P    
Tyler Technologies Inc P    
Unitedhealth Group Inc P    
US Bancorp P    
Viatris Inc P    
Walmart Inc. P    
Western Digital Corp P    
Allstate Corp. P    
N/A Artisan Int'l Fund Advisor S/T C/G P    
N/A Artisan Int'l Fund Advisor L/T C/G P    
N/A T Rowe Price Mid-Cap Growth L/T C/G P    
N/A T Rowe Price Mid-Cap Value L/T C/G P    
N/A Vanguard Intl Growth S/T C/G P    
N/A Vanguard Intl Growth L/T C/G P    
N/A Briarwood S/T C/G P    
N/A Briarwood L/T C/G 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 562,726   343,563 219,163
b 450,376   370,102 80,274
c 202,245   144,238 58,007
d 504,310   285,107 219,203
e 203,430   251,949 -48,519
121,908   196,374 -74,466
145,216   151,879 -6,663
138,735   170,010 -31,275
41,107   53,780 -12,673
256,883   263,453 -6,570
443,380   427,013 16,367
34,991   26,351 8,640
344,873   492,581 -147,708
500,000   511,036 -11,036
92,489   73,707 18,782
578,559   412,258 166,301
768,534   504,718 263,816
284,875   299,657 -14,782
369,855   383,932 -14,077
242,796   292,363 -49,567
339,951   691,869 -351,918
89,766   91,428 -1,662
201,886   85,492 116,394
71,143   123,394 -52,251
291,405   491,325 -199,920
213,636   226,566 -12,930
807,344   367,801 439,543
541,367   466 540,901
413,699   160,945 252,754
141,894   92,305 49,589
399,220   564,596 -165,376
50,601   22,911 27,690
939,252   616,044 323,208
544,478   536,344 8,134
99,483   89,921 9,562
335,516   111,428 224,088
150,381   135,907 14,474
389,969   367,783 22,186
229,040   141,607 87,433
517,824   417,702 100,122
10,179,487   12,587 10,166,900
5,990   5,195 795
241,631   189,336 52,295
133,369   201,233 -67,864
79,433   63,678 15,755
4,407     4,407
22,870     22,870
25,268     25,268
5,882     5,882
1,414     1,414
8,770     8,770
440,441     440,441
44,938     -44,938
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       219,163
b       80,274
c       58,007
d       219,203
e       -48,519
      -74,466
      -6,663
      -31,275
      -12,673
      -6,570
      16,367
      8,640
      -147,708
      -11,036
      18,782
      166,301
      263,816
      -14,782
      -14,077
      -49,567
      -351,918
      -1,662
      116,394
      -52,251
      -199,920
      -12,930
      439,543
      540,901
      252,754
      49,589
      -165,376
      27,690
      323,208
      8,134
      9,562
      224,088
      14,474
      22,186
      87,433
      100,122
      10,166,900
      795
      52,295
      -67,864
      15,755
      4,407
      22,870
      25,268
      5,882
      1,414
      8,770
      440,441
      -44,938
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 12,697,233
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
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................................ 1 183,212
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  
3 Add lines 1 and 2........................... 3 183,212
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 183,212
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 405,700
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 405,700
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 222,488
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11 222,488
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 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 ofbulletSue Klingaman Telephone no.bullet (563) 328-3353

    Located atbullet201 W Second Street 1000DavenportIA ZIP+4bullet52801
    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
     
    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 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
    Jeffrey S Bittner Trustee
    20.00     		116,626    
    201 W Second Street 1000
    Davenport,IA52801
    Lucille Oseland Vice President
    20.00     		36,829    
    201 W Second Street 1000
    Davenport,IA52801
    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  
    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.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (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
    51,355,244
    b
    Average of monthly cash balances.......................
    1b
    57,654
    c
    Fair market value of all other assets (see instructions)................
    1c
    93,730
    d
    Total (add lines 1a, b, and c).........................
    1d
    51,506,628
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    51,506,628
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    772,599
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    50,734,029
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,536,701
    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
    2,536,701
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    183,212
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    183,212
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,353,489
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,353,489
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,353,489
    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
    2,045,415
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    2,045,415
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,045,415
    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 2,353,489
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,924,622
    b Total for prior years:20, 20, 20  
    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........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,045,415
    a Applied to 2019, but not more than line 2a 1,924,622
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 120,793
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		2,232,696
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    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 e-mail address of the person to whom applications should be addressed:
    Jeffrey S Bittner
    201 W 2nd St Ste 1000
    Davenport,IA52801
    bThe form in which applications should be submitted and information and materials they should include:
    Forms furnished upon request.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The majority of the trust's charitable distributions are limited geographically to Scott County, Iowa.
    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
    Assumption Foundation for K-12 Scho
    1020 West Central Park
    Davenport,IA52804     		  PC Annual Scholarship 500
    Augustana College
    639 38th Street
    Rock Island,IL61201     		  PC Annual Scholarship 30,000
    St Ambrose University
    518 West Locust Street
    Davenport,IA52803     		  PC Annual Scholarships 15,000
    University of Iowa Foundation
    PO Box 4550
    Iowa City,IA52244     		  PC Dept. Of Ophthalmology Resident Support 30,000
    Quad Cities Golf Classic
    15623 Coaltown Road
    East Moline,IL61244     		  PC Birdies for Charity Bonus Fund 15,000
    Iowa College Foundation
    505 5th Avenue
    Des Moines,IA50309     		  PC Lets Keep Iowa Students in Iowa 40,000
    Ballet Quad Cities
    613 17th Street
    Rock Island,IL61201     		  PC Scott County Operating Support 45,000
    Christian Frendliness Association I
    3928 12th Avenue
    Moline,IL61265     		  PC Youth Hope Transit Vans 70,000
    Quad City Arts Inc
    1715 2nd Avenue
    Rock Island,IL61201     		  PC Vising Artist Series 2020-2021 40,000
    Child Abuse Council
    545 15th Street Moline
    Moline,IL61265     		  PC Meeting Space 8,858
    Spring Forward Learning Center
    2101 6th Avenue
    Rock Island,IL61201     		  PC Literacy Programs for at Risk Youth in Rock Island School District 15,000
    Dreaming Tree Foundation
    639 38th Street
    Rock Island,IL61201     		  PC Multi-Media Career Path After School Programming 10,000
    Bethany for Children
    1830 6th Avenue
    Moline,IL61265     		  PC New HVAC and Boiler System 45,000
    The Moody Church
    1635 N La Salle Drive
    Chicago,IL60614     		  PC Running to Win Programming 17,500
    Hillsdale College
    33 E College Street
    Hillsdale,MI49242     		  PC Scholarships 15,000
    Yellowstone Forever
    222 East Main Street Suite 301
    Bozeman,MT59715     		  PC Bear Conservation and Visitor-Bear Interface Managment 32,454
    Assumption Foundation
    PO Box 1597
    Davenport,IA52801     		  PC Tuition Assistance Needs in View of the Pandemic 40,000
    Big Brothers Big Sisters
    130 West 5th Street
    Davenport,IA52801     		  PC Operating Support 35,000
    Davenport Community School District
    1702 N Main Street
    Davenport,IA52803     		  NC Creative Arts Academy and School Resource Officer 150,000
    Davenport City of
    226 West Fourth Street
    Davenport,IA52801     		  GOV Improvements to Kaiserslautem Square 50,000
    Eastern Iowa Community College
    306 W River Drive
    Davenport,IA52801     		    Urban Campus Challenge Grant 50,000
    Grow Quad Cities Fund-IOWA
    331 W Third Street
    Davenport,IA52801     		  PC Economic Development Services 50,000
    Midwest Cardiovascular
    1622 East Lombard Street
    Davenport,IA52803     		  PC New Headquarters at Scott County Family Y and Health for All Initiative 165,000
    Palmer College Foundation
    1000 Brady Street
    Davenport,IA52803     		  PC Campus Capital Projects 440,000
    Putnman Museum And Science Center
    1717 West 12th Street
    Davenport,IA52804     		  PC The Putnam Reimagined and Gap Funding 75,000
    Quad City Cultural Trust
    639 38th Street
    Rock Island,IL61201     		  PC Operating Support 200,000
    Scott County Family Y
    606 W Second Street
    Davenport,IA52801     		  PC New Downtown Davenport YMCA 180,000
    One Eighty Zone Inc
    601 North Marquette Street
    Davenport,IA52802     		  PC Reconnecting Parents and Children after Trauma 12,750
    River Bend Food Reservior
    4010 Kimmel Drive
    Davenport,IA52802     		    Student Hunger Drive 10,000
    Junior Theatre Inc
    2822 Eastern Avenue
    Davenport,IA52803     		  PC Robin Hood : An Outdoor Theatrical Festival 7,325
    Unity House
    2341 East Pleasant Street
    Davenport,IA52803     		  PC Operating Support 10,000
    Humility Homes and Services
    3805 Mississippi Avenue
    Davenport,IA52807     		  PC Rapid Rehousing Program 15,000
    Hillsdale College
    33 E College Street
    Hillsdale,MI49242     		  PC Scholarships 5,000
    Total .................................bullet 3a 1,924,387
    bApproved for future payment
    Total .................................bullet 3b  
    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....         941,673
    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 ............     		        12,697,233
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOil Lease Income     		      3,812  
    bSection 1256 Loss (Briarwood)       -165,097  
    cSection 988 Gain (Briarwood)       4,487  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -156,798 13,638,906
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,482,108
    (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 This is a charitable trust. The purpose of the trust is to donate income to qualified charities.
    8 This is a charitable trust. The purpose of the trust is to donate income to qualified charities.
    11 This is a charitable trust. The purpose of the trust is to donate income to qualified charities.
    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
    Marie H Bechtel Trust 501(c)(3) Common Control
    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: 20011566
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Jeffrey S. Bittner 11,232 11,232 0 0
    Organizational Consulting Group 3,500 -3,500 0 0
    Sue Klingaman 4,120 4,120 0 0

    TY 2020 LandEtcSchedule2
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 216,000   216,000 93,730


    TY 2020 LegalFeesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Lane & Waterman 17,424 0 0 17,424
    Stanley, Lande & Hunter 1,922 0 0 1,922


    TY 2020 MortgagesAndNotesPayableSch
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Total Mortgage Amount: 406,358


    TY 2020 OtherAssetsSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Gold 683,100 683,100 11,436
    Oil Leases 36,384 35,545 752,004
    Prepaid Taxes 226,149 429,007 429,007


    TY 2020 OtherDecreasesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Amount
    Rounding 1


    TY 2020 OtherExpensesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fee's 990 495   495
    Copy Machine 971 486   485
    County Taxes 34 17   17
    Grantmaking Software 4,950 2,475   2,475
    Independant Contractor 16,299 8,149   8,150
    Insurance 12,221 6,111   6,110
    Miscellaneous 357 178   179
    Parking 689 344   345
    Phone Services 563 282   281
    Postage 219 109   110
    Tall Grass 230 115   115
    Technological Support 2,482 1,241   1,241


    TY 2020 OtherIncomeSchedule2
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Oil Lease Income 3,812    
    Section 1256 Loss (Briarwood) -165,097    
    Section 988 Gain (Briarwood) 4,487    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Briarwood 116,998 116,998 0 0
    Quad City Bank & Trust 57,614 57,614 0 0
    US Bank 20,092 20,092 0 0


    TY 2020 TaxesSchedule
    Name:
    Harold R Bechtel Charitable
     
    Trust
    EIN:
    26-1284636
    Software ID:
    20011566
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990PF Taxes for Y/E 4/30/20 299,949      
    Federal Interest & Penalties 2,894      
    Foreign Taxes paid by Briarwood 2,689 2,689    
    Foreign Taxes paid by US Bank 637 637