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
JAMES B & MELITA A MCDONOUGH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O FIRST COMMUNITY TRUST NA PO BOX
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DUBUQUE, IA520040296
A Employer identification number

48-1296843
B Telephone number (see instructions)

(563) 587-0533
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$9,368,141J 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... 138,112 138,112 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 250,087
b Gross sales price for all assets on line 6a 3,966,444
7 Capital gain net income (from Part IV, line 2)... 250,087
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)..... 0  
11 Other income (attach schedule)....... 0    
12 Total. Add lines 1 through 11........ 388,199 388,199 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0      
b Accounting fees (attach schedule)....... Click to see attachment 4,675 0 0 4,675
c Other professional fees (attach schedule).... Click to see attachment 51,425 51,425 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,641      
19 Depreciation (attach schedule) and depletion... 0    
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,339     6,339
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 80,080 51,425 0 11,014
25 Contributions, gifts, grants paid....... 468,725 468,725
26 Total expenses and disbursements. Add lines 24 and 25 548,805 51,425 0 479,739
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -160,606
b Net investment income (if negative, enter -0-) 336,774
c Adjusted net income (if negative, enter -0-)... 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.........      
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).....   0  
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet     0  
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,837,849 Click to see attachment1,739,433 1,739,433
b Investments—corporate stock (attach schedule)....... 6,628,767 Click to see attachment7,359,302 7,359,302
c Investments—corporate bonds (attach schedule)....... 477,451 Click to see attachment251,040 251,040
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   0  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet     0  
15 Other assets (describe bullet) Click to see attachment40,122 Click to see attachment18,366 Click to see attachment18,366
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,984,189 9,368,141 9,368,141
Liabilities 17 Accounts payable and accrued expenses.......... 23,153 37,684
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons   0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 23,153 37,684
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........... 8,961,036 9,330,457
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,961,036 9,330,457
30 Total liabilities and net assets/fund balances (see instructions). 8,984,189 9,368,141
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
8,961,036
2
Enter amount from Part I, line 27a .....................
2
-160,606
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
530,027
4
Add lines 1, 2, and 3 ..........................
4
9,330,457
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
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
9,330,457
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 PUBLICLY TRADED SECURITIES - SCHEDULE ATTACHED P 2000-06-06 2020-06-06
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,966,444 0 3,716,357 250,087
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 250,087
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 250,087
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 4,681
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 4,681
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 4,681
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 3,320
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.............. Part VI Line 7 - Tax Paid with the Original Return: 3320 7 3,320
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 1,361
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 taxBullet0 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$   (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)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbullethttp://mcdonoughcharitablefoundation.org/
    14
    The books are in care ofbulletFIRST COMMUNITY TRUST NA Telephone no.bullet (563) 587-0533

    Located atbullet3385 HILLCREST RD SUITE 100DUBUQUEIA ZIP+4bullet520040296
    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
     
    No
    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
    ANN MCDONOUGH PRESIDENT
    0.00     		0 0 0
    9082 LONG TAIL LANE
    DUBUQUE,IA52003
    BRIAN J KANE VICE-PRESIDENT
    0.00     		0 0 0
    2100 ASBURY RD 2
    DUBUQUE,IA52001
    GLEN MCDONOUGH SECRETARY/TREASURER
    0.00     		0 0 0
    2451 SPRUCE WOOD DR
    DUBUQUE,IA52002
    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 NONE 0
    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 NONE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    8,352,568
    b
    Average of monthly cash balances.......................
    1b
    205,875
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,558,443
    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
    8,558,443
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    128,377
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,430,066
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    421,503
    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
    421,503
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    4,681
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    4,681
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    416,822
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    416,822
    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
    416,822
    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
    479,739
    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
    479,739
    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
    479,739
    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 7 416,822
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 98,051
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 479,739
    a Applied to 2019, but not more than line 2a 98,051
    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..... 381,688
    e Remaining amount distributed out of corpus 0
    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 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......     		 
    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 ..........     		35,134
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    NONE
    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.
    NONE
    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:
    MCDONOUGH FOUNDATION
    PO BOX 296
    DUBUQUE,IA520040296
    (563) 690-0032
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED APPLICATION
    cAny submission deadlines:
    APRIL 1 THROUGH MAY 31 EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNWRITTEN BUT GENERALLY LIMITED TO CHARITIES IN NORTHEAST 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
    CLARKE UNIVERSITY
    1530 CLARKE DR
    DUBUQUE,IA52001     		  PC UPDATE CLASSROOMS & DORMS 10,000
    DUBUQUE HUMANE SOCIETY
    4242 CHAVENELLE
    DUBUQUE,IA52002     		  PC TECHNOLOGY UPGRADES 10,000
    ST MARK YOUTH ENRICHMENT
    1201 LOCUST ST
    DUBUQUE,IA52001     		  PC OUT OF SCHOOL LEARNING PROGRAMS 20,000
    IOWA LEGAL AID
    799 MAIN ST SUITE 280
    DUBUQUE,IA52001     		  PC LEGAL SERVICES TO LOW INCOME IOWANS 20,000
    THE POWER OF PRAYER INC
    PO BOX 681
    DUBUQUE,IA520040681     		  PC LONGEVITY & SUSTAINABILITYOF THE POWEROF PRAYER INC. 10,000
    AQUIN CATHOLIC ELEMENTARY SCHOOL
    608 3RD AVE NW
    CASCADE,IA52033     		  PC PHYSICAL EDUCATION PROGRAM RESOURCES FOR EARLY CHILDHOOD 750
    DUBUQUE RESCUE MISSION
    398 MAIN ST
    DUBUQUE,IA52001     		  PC MOBILE FOOD TRAILER & CULTURALLY APPROPRIATE FOOD FO IMINGRANTS DURING PANDEMIC 15,000
    ALTERNATIVE LEARNING CENTER
    1090 ALTA VISTA ST
    DUBUQUE,IA52001     		  PC FUND OPEN CLOSET FOR STUDENTS IN NEED 1,000
    CAMP COURAGEOUS OF IOWA
    12207 190TH ST
    MONTICELLO,IA52310     		  PC LINK CAMPS WITH UNDERGROUND TUNNELTO AVOID HEAVY TRAFFIC. 10,000
    RISING STAR THEATRE COMPANY
    1310 WHITE ST
    DUBUQUE,IA52001     		  PC OPERATING SUPPORT 1,500
    DUBUQUE COMMUNITY YMCAYWCA
    35 NORTH BOOTH ST
    DUBUQUE,IA52001     		  PC VICTIM SERVICES SHELTER 15,000
    OPENING DOORS
    1561 JACKSON ST
    DUBUQUE,IA52001     		  PC ASSIST WOMEN & CHILDREN EXITING PROGRAM INTO PERMANENT HOUSING 10,000
    BOYS & GIRLS CLUB OF GREATER DUBUQUE
    1299 LOCUST ST
    DUBUQUE,IA52001     		  PC PURCHASING OF WARMING TABLES 1,600
    ANAMOSA MINISTERIAL ASSN
    107 EAST FIRST ST
    ANAMOSA,IA52205     		  PC FOOD TO YOUTH AT RISK OF BEING FOOD INSECURE 3,000
    ST JOHN'S LUTHERAN CHURCH - ALMOST HOME
    1276 WHITE ST
    DUBUQUE,IA52001     		  PC ASSIST HOMELESS TO REPLACE VOLUNTEERS IN PROGRAM 7,500
    HILLS & DALES CHILD DEVELOPMENT CENTER
    1011 DAVIS ST
    DUBUQUE,IA52001     		  PC NRE SAFETY RAILING FOR EXTERIOR OF RESIDENTIAL CENTER 3,500
    FIRST CONGREGATIONAL CHURCH(CAFE MINISTRY)
    255 W 10TH ST
    DUBUQUE,IA52001     		  PC INCREASE STORAGE CAPACITY FOR FOOD 1,000
    RIVERVIEW CENTER
    2600 DODGE ST
    DUBUQUE,IA52003     		  PC ASSISTANCE FOR SURVIVORS OF SEXUAL ASSAULT 10,000
    DURIDE
    2728 ASBURY RD SUITE 330
    DUBUQUE,IA52001     		  PC INCOME SUPPORT(FREE RIDES) AND STAFF COSTS 3,500
    DUBUQUE AREA LABOR HARVEST
    423 W LOCUST ST
    DUBUQUE,IA52001     		  PC FOOD GIVEAWAYS & DELIVERIES DUE TO COVID-19 8,000
    CAMP ALBRECHT ACRES
    PO BOX 50
    SHERRILL,IA52073     		  PC REPLACE CUBE VAN WITH VAN WITH TOMMY GATE 3,000
    FOUNDATION FOR DUBUQUE PUBLIC SCHOOLS
    700 LOCUST ST SUITE 195
    DUBUQUE,IA52001     		  PC 3 DCSD PROJECTS 10,000
    HILLCREST FAMILY SERVICES
    2005 ASBURY RD
    DUBUQUE,IA52001     		  PC HOMELESS OUTREACH PROGRAM(PATH) 20,000
    HOLY SPIRIT PARISH
    2215 WINDSOR AVE
    DUBUQUE,IA52001     		  PC REPLACE CONFERENCE ROOM CHAIRS 10,000
    LORAS COLLEGE
    1450 ALTA VISTA
    DUBUQUE,IA52001     		  PC IPADS TO STONEHILL/ASSISI VILLAGE& LUTHER MANOR TO HELP WITH ISOLATION AND LOSS 10,625
    PRESENTATION LANTERN CENTER
    900 JACKSON ST SUITE LL5-1
    DUBUQUE,IA52001     		  PC RAISING MONEY AND DISTRIBUTING IT TOIMMIGRANTS WHO ARE LAID OFF DUE TO COVID-19 3,000
    CATHOLIC CHARITIES OF ARCHDIOCESE OF DUBUQUE
    1229 MT LORETTA AVE
    DUBUQUE,IA52003     		  PC AFFORDABLE AND PROFESSIONAL BRAIN HEALTH 10,000
    EMMAUS BIBLE COLLEGE
    2570 ASBURY RD
    DUBUQUE,IA52001     		  PC ADVANCING ONLINE DEGREE PROGRAMS ANDMAKE IT EASIER TO ADAPT TO REMOTE INSTRUCTION 4,500
    FRIENDS OF ST MARY'S
    1229 MOUNT LORETTA AVE
    DUBUQUE,IA52003     		  PC STEEPLE SQUARE SITE REVITALIZATION 5,000
    COMMUNITY FOUNDATION JACKSON CO
    120 1/2 SOUTH MAIN ST
    MAQUOKETA,IA52060     		  PC REDUCE SUMMER READING LOSS 2,500
    CONVIVIUM URBAN FARMSTEAD
    2811 JACKSON ST
    DUBUQUE,IA52001     		  PC NUTRITION EDUCATION- 5TH GRADE TRIP 1,000
    FRIENDS OF DUBUQUE CO LIBRARY
    360 W 11TH ST
    Dubuque,IA52001     		  PC TALE TRAIL AT SWISS VALLEY NATURE PRESERVE 5,000
    HELPING SERVICES FOR YOUTH & FAMILY
    2728 ASBURY RD 510
    DUBUQUE,IA52001     		  PC YOUTH MENTORING 1,000
    CITY OF WORTHINGTON
    216 1ST AVE W
    WORTHINGTON,IA52078     		  PC COMPUTER FOR COMMUNITY LIBRARY 800
    SHALOM SPIRITUALITY CENTER
    1001 DAVIS ST
    DUBUQUE,IA52001     		  PC PROGRAMS & RETREATS AT SHALOM 1,000
    DUBUQUE CO HISTORICAL SOCIETY
    350 E 3RD ST
    DUBUQUE,IA52001     		  PC FREE ADMISSION AND EDUCATIONAL PROGRAMSTO UNDER SERVED CHILDREN AND THEIR FAMILIES 2,000
    COLTS YOUTH ORGANIZATION
    2300 TWIN VALLEY DR
    DUBUQUE,IA52003     		  PC WASHING STATION FOR FOOD TRAILER AND REUSE DINNERWARE 1,500
    DUBUQUE DREAM CENTER
    1600 WHITE ST
    DUBUQUE,IA52001     		  PC FUNDS TOWARD EMPLOYING YOUTH MENTOR/COACH 7,000
    CRESCENT COMM HEALTH CENTER
    1789 ELM ST
    DUBUQUE,IA52001     		  PC EXPAND WOMENS' HEALTH SERVICES 20,000
    CONWAY CARING COMMUNITY
    PO BOX 95
    PEOSTA,IA52068     		  PC LITERACY KITS TO CHILDREN 5,000
    DUBUQUE COUNTY FINE ARTS SOCIETY
    PO BOX 1166
    DUBUQUE,IA52004     		  PC HELP UNDERWRITE DUBUQUEFEST FINE ARTS FESTIVAL 1,000
    DUBUQUE SENIOR HIGH SCHOOL
    1800 CLARKE DR
    Dubuque,IA52001     		  PC FOOD, CLOTHING, AND PERSONAL HYGIENE PRODUCTS 750
    BELL TOWER THEATRE
    2728 ASBURY RD 242
    Dubuque,IA52001     		  PC FREE SUMMER MUSICAL PROGRAM 2,000
    DUBUQUEJACKSON CO HABITAT FOR HUMANITY
    900 JACKSON ST
    DUBUQUE,IA52001     		  PC DUBUQUE HOME BUILD PRODUCT 5,000
    COMMUNITY FOUNDATION OF GREATER DUBUQUE
    700 LOCUST ST STE 195
    DUBUQUE,IA52001     		  PC MESSAGING PROMOTING COMMUNITY TOGETHERNESS DURING COVID-19 5,000
    FARLEY ELEMENTARY SCHOOL
    405 3RD AVE NE
    FARLEY,IA52046     		  PC K-5 SOCIAL-EMOTIONAL LEARNING 2,500
    DUBUQUE AREA LABOR MANAGEMENT COUNCIL
    350 W 6TH ST STE 236
    DUBUQUE,IA52001     		  PC EDUCATE [UBLIC ABOUT CAREER OPPORTUNITIES IN MFG, CONSTRUCTION MECHANINS AND ENGINEERING 1,000
    FOUR OAKS PARENTS AS TEACHERS
    180 W 15TH ST
    DUBUQUE,IA52001     		  PC PARENTS AS TEACHERS GROUP ENHANCEMENT 3,600
    DUBUQUE DRAGON BOAT ASSOC
    PO BOX 477
    DUBUQUE,IA520040477     		  PC DRAGON BOATING FOR PERSONS WITH SPECIAL NEEDS 1,200
    DYERSVILLE HEALTH FOUNDATION
    1111 3RD ST SW
    DYERSVILLE,IA52040     		  PC 3D MAMMOGRAPHY FOR MERCYONE DYERSVILLE 5,000
    FINLEY HEALTH FOUNDATION
    1665 EMBASSY WEST DR
    DUBUQUE,IA52002     		  PC PEDIATRIC REHABILITATION EXPANSION PROJEST 5,000
    JACKSON COUNTY FAIR ASSOCIATION
    1212 E QUARRY ST
    MAQUOKETA,IA52060     		  PC NEW OUTREACH CENTER 7,500
    DUBUQUE FOOD PANTRY
    1568 JACKSON ST
    DUBUQUE,IA52001     		  PC INSTALL LIFT FOR AGING STAFF TO MOVE ITEMS UP AND DOWN STEPS 5,000
    FOUNTAIN OF YOUTH PROGRAM
    180 W 15TH ST
    DUBUQUE,IA52001     		  PC HELP 4+ PARTICIPANTS IN PARTNERS IN CHANGE PROGRAM 2,300
    HOLY FAMILY CATHOLIC SCHOOLS
    2005 KANE ST
    DUBUQUE,IA52001     		  PC UPDATE TECHNOLOGY & SAFETY MEASURES - PROVIDE FLEXIBILITY 20,000
    JONES COUNTY COMMUNITY FOUNDATION
    700 LOCUST ST STE195
    DUBUQUE,IA52001     		  PC SUPPORTING LITERACY IN JONES COUNTY 6,000
    GIRL SCOUTS
    2644 PENNSYLVANIA AVE
    DUBUQUE,IA52001     		  PC ASSIST FAMILIES WITH FINANCIAL DIFFICULTIES TO PARTICIPATE IN SCOUTS 2,500
    LIMESTONE BLUFFS RESOURCE CONSERVATION & DEVELOPMENT INC
    2719 288TH AVE
    MAQUKETA,IA52060     		  PC AWARENESS, SUPPORT & PRESERVATIONOF HIDDEN HISTORICAL ART & CULTURAL GEMS 1,500
    JONES COUNTY PUBLIC HEALTH
    105 BROADWAY PL STE 11
    ANAMOSA,IA52205     		  PC INCENTIVE BASED PROGRAM FOR FAMILIES TO HAVE HEALTHY BEHAVIORS 3,000
    JULIEN DUBUQUE INTERNATIONAL FILM FESTIVAL
    PO BOX 735
    DUBUQUE,IA52001     		  PC PRESENT "CAUSE RELATED" FILMS AND PANEL DISCUSSIONS 1,500
    MAQUOKETA COMMUNITY SCHOOLS THERAPY DOG PROGRAM
    612 S VERMONT ST
    MAQUOKETA,IA52060     		  PC TRAIN ONE OF TWO DOGS TO HAVE IN SCHOOLS 1,000
    NO FOOT TOO SMALL
    405 GALWAY DR
    IOWA CITY,IA52246     		  PC SUPPORT FAMILIES THAT HAVE EXPERIENCED PREGNANCY OR INFANT LOSS 1,000
    DUBUQUE VNA
    1454 IOWA ST
    DUBUQUE,IA52001     		  PC REP PAYEE PROGRAM 5,000
    TRI-STATE CHRISTIAN SCHOOL ASSOCIATION
    11084 W US HWY 20
    GALENA,IL61036     		  PC ESTABLISH SCHOOL LIBRARY AND LITERACY PROGRAM 4,000
    WESTERN DUBUQUE HIGH SCHOOL
    302 5TH AVE SW
    EPWORTH,IA52045     		  PC CUTTING EDGE EXPERIENCES TO GROW PASSION FOR SCIENCE 2,800
    PEOSTA ELEMENTARY -WESTERN DBQ SCHOOLS
    8522 BURDS RD
    PEOSTA,IA52068     		  PC SUPPLEMENTAL PROGRAM TO MEET STUDENTS NEEDS IN MATH 5,000
    NORTHEAST IOWA COUNCIL(SCOUTS)
    10601 MILITARY RD
    DUBUQUE,IA52003     		  PC SCOUTING EDUCATION & KEEP COSTS DOWN FOR SCOUTS 2,500
    SETON CATHOLIC SCHOOLS
    7597 BURDS RD
    PEOSTA,IA52068     		  PC PURCHASE POWER PLUS CLASSROOM RESOURCE FOR GRADES 1-5 3,100
    FOUR MOUNDS FOUNDATION
    4900 PERU RD
    DUBUQUE,IA52001     		  PC HEART PROGRAM EXPANSION 10,000
    PROJECT ROOTED
    PO BOX 1169
    DUBUQUE,IA52004     		  PC VOUCHERS TO KIDS TO SPEND AT FARMERS MARKET 2,000
    RED BASKET PROJECT
    600 STAR BREWERY DR
    DUBUQUE,IA52001     		  PC ENSURE ACCESS TO PERIOD PRODUCTS 2,700
    RIVER BEND FOODBANK
    4010 KIMMEL DR
    DAVENPORT,IA52802     		  PC GENERAL SUPPORT - FEEDING THE HUNGRY 10,000
    RURAL COMMUNITY FOOD PANTRY
    1ST AVE E
    DYERSVILLE,IA52040     		  PC FOOD FOR WESTERN DUBUQUE & DELEWARE COUNTY & CHRISTMAS PROGRAM 5,000
    JONES CO FAMMILY COUNCIL
    24532 STOEN LN
    ANAMOSA,IA52205     		  PC SCHOOL SUPPLIES FOR CHILDREN IN NEED 2,500
    SLEEP IN HEAVENLY PEACE INC
    PO BOX 100
    MAQUOKETA,IA52060     		  PC HAND MADE BUNKBEDS FOR CHILDREN W/O BEDS OF THEIR OWN 1,800
    JUNIOR ACHIEVEMENT
    900 JACKSON ST
    DUBUQUE,IA52001     		  PC JA K-12 GRADE INITIATIVE - DUBUQUE COUNTY 2,000
    VISION TO LEARN
    900 JACKSON ST SUITE LL5-2C
    DUBUQUE,IA52001     		  PC VISION CARE & GLASSES TO STUDENTS 10,000
    ST ELIAS THE PROPHET GREEK ORTHODOX CHURCH
    419 N GRANDVIEW AVE
    DUBUQUE,IA52001     		  PC REPAIR WALL OF 1928 COLLEGIATE GOTHIC CHURCH 3,000
    ST JOHN THE BAPTIST CHURCH
    241 PEOSTA ST
    PEOSTA,IA52068     		  PC INSTALL HEARING LOOP TO ASSIST PEOPLEWITH HEARING AIDS AND COCHLEAR IMPLANTS 4,000
    LUTHERAN SERVICES OF IA
    2255 JFK RD
    DUBUQUE,IA52001     		  PC TEACH PEOPLE TO MAKE LAUNDRY SOAP 1,500
    MULTICULTURAL FAMILY CENTER
    1157 CENTRAL AVE
    DUBUQUE,IA52001     		  PC FOOD PANTRY - FOCUS ON SENIORS 2,500
    ST JOHN'S LUTHERAN CHURCH-OPEN CLOSET
    1276 WHITE ST
    DUBUQUE,IA52001     		  PC SUPPLY UNDERWEAR TO MEN 700
    ST PATRICK'S PARISH
    1425 IOWA ST
    DUBUQUE,IA52001     		  PC PURCHASE NEW OVEN TO REPLACE 65 YEAR OLD ONE 3,000
    THE OHNWARD FINE ARTS CENTER
    1215 E PLATT ST
    MAQUOKETA,IA52060     		  PC PRODUCTION COSTS FOR FROZEN JR 2,000
    SALVATION ARMY OF DUBUQUE
    1099 IOWA ST
    DUBUQUE,IA52001     		  PC VEHICLE TO STORE SUPLLIES AND PROVIDESUPPORT TO VICTIMS OF DISASTERS AND FIRST RESPONDERS 10,000
    YWCA CLINTON
    317 7TH AVE S
    CLINTON,IA52732     		  PC FEEDING THOSE CLOSE TO HOMELESSNESS 1,000
    UNITED WAY OF DBQ AREA
    215 W 6TH ST
    DUBUQUE,IA52001     		  PC PROVIDE BOOKS TO LOW INCOME CHILDREN AGE 0-5 3,000
    DYERSVILLE AREA HISTORICAL SOCIETY
    340 IST AVE E
    DYERSVILLE,IA52040     		  PC SAFEGUARD ITEMS ON DISPLAY IN BOTAFORD DOLL MUSEUM 2,000
    Total .................................bullet 3a 468,725
    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....     14 138,112  
    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 ............     		    18 250,087  
    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)..   388,199  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    388,199
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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:  
    Part VI Line 7 - Tax Paid with the Original Return: 3,320


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JIM KIRCHER & ASSOCIATES AUDIT AND TAX SEVICE 4,675 0 0 4,675

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Category Amount
    NONE 0

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PUBLICLY TRADED SECURITIES - SCHEDULE ATTACHED   Purchased     3,966,444 3,716,357     250,087  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS & NOTES 251,040 251,040

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US EQUITY MUTUAL FUNDS 4,001,332 4,001,332
    INTERNATIONAL EQUITY MUTUAL FUNDS 1,631,500 1,631,500
    FIXED INCOME MUTUAL FUNDS 1,630,349 1,630,349
    GOLDMAN SACHS FINANCIAL SQUARE FUND 96,121 96,121

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    1,739,433
    State & Local Government Securities - End of Year Fair Market Value:


    1,739,433


    TY 2020 OtherAssetsSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT INCOME RECEIVABLE 37,671 18,366 18,366
    OVERPAYMENT OF FEDERAL EXCISE TAX 2,451 0 0


    TY 2020 OtherDecreasesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 0


    TY 2020 OtherExpensesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    E&O INSURANCE 1,250     1,250
    OFFICE EXPENSE 5,089     5,089


    TY 2020 OtherIncreasesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 530,027


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIRST COMMUNITY TRUST, NA ASSET MANAGEMENT FEES 51,425 51,425 0 0


    TY 2020 TaxesSchedule
    Name:
    JAMES B & MELITA A MCDONOUGH FOUNDATION
    EIN:
    48-1296843
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 17,641