TY 2020 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
EDWIN T MEREDITH FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)1716 LOCUST STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA503093023

A Employer identification number

42-6059818

B Telephone number (see instructions)

(515) 245-3712

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$21,151,828J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	86,930		86,930
4	Dividends and interest from securities...	171,843		171,843
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		44,856
b	Gross sales price for all assets on line 6a 8,217,761
7	Capital gain net income (from Part IV, line 2)...			44,856
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	303,629		303,629
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		10,474	5,237	5,237
c	Other professional fees (attach schedule)....		30,816	30,816
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		27,344	129
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		151	151
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	68,785		36,333	5,237
25	Contributions, gifts, grants paid.......	1,095,000			1,095,000
26	Total expenses and disbursements. Add lines 24 and 25	1,163,785		36,333	1,100,237
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-860,156
b	Net investment income (if negative, enter -0-)			267,296
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	170,837	1	1
	2	Savings and temporary cash investments.........	143,017	430,359	430,359
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	3,335,411	2,419,417	2,498,184
	b	Investments—corporate stock (attach schedule).......	9,759,964	8,707,345	16,253,315
	c	Investments—corporate bonds (attach schedule).......	933,768	1,925,719	1,969,969
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,342,997	13,482,841	21,151,828
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	9,939,943	9,939,943
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	4,403,054	3,542,898
	29	Total net assets or fund balances (see instructions).....	14,342,997	13,482,841
	30	Total liabilities and net assets/fund balances (see instructions).	14,342,997	13,482,841

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

14,342,997

Enter amount from Part I, line 27a .....................

-860,156

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

13,482,841

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

13,482,841

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	BESSEMER TRUST 8M4859	P	2020-01-01	2020-12-31
b	BESSEMER TRUST 8M4859	P	2018-01-01	2020-12-31
c	BESSEMER TRUST 8M4858 CAP GAIN DIST	P	2018-01-01	2019-12-31
d	BESSEMER TRUST 8M4858	P	2020-01-01	2020-12-31
e	BESSEMER TRUST 8M4858	P	2018-01-01	2020-12-31
	OW MULTI-ASSET OPPS FUND	P		2020-12-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,374,770	2,341,031	33,739
b	1,782,802	1,670,980	111,822
c	149,236		149,236
d	631,289	661,520	-30,231
e	3,278,686	3,499,374	-220,688
	978		978

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			33,739
b			111,822
c			149,236
d			-30,231
e			-220,688
			978

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	44,856
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 ...................		3	3,508

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	3,715
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	3,715
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	3,715
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	24,920
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	24,920
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	21,197
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax21,197	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

MATT JUFFER Telephone no. bullet

(515) 245-3712

Located at bullet

666 GRAND AVENUE SUITE 2400DES MOINESIA ZIP+4 bullet

50309

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
D MELL MEREDITH FRAZIER	PRESIDENT 000.00	0	0	0
1716 LOCUST STREET DES MOINES,IA503093023	PRESIDENT 000.00	0	0	0
ET MEREDITH IV	VICE PRESIDE 000.00	0	0	0
1716 LOCUST STREET DES MOINES,IA503093023	VICE PRESIDE 000.00	0	0	0
JOHN S ZIESER	SECRETARY 000.00	0	0	0
1716 LOCUST STREET DES MOINES,IA503093023	SECRETARY 000.00	0	0	0
CHERI A CIPPERLEY	TREASURER 000.00	0	0	0
1716 LOCUST STREET DES MOINES,IA503093023	TREASURER 000.00	0	0	0
MICHAEL R FRAZIER	DIRECTOR 000.00	0	0	0
1716 LOCUST STREET DES MOINES,IA503093023	DIRECTOR 000.00	0	0	0

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...................

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	N/A
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

18,923,962

Average of monthly cash balances.......................

369,721

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

19,293,683

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

19,293,683

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

289,405

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

19,004,278

Minimum investment return. Enter 5% of line 5..................

950,214

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.)

Minimum investment return from Part X, line 6....................

950,214

Tax on investment income for 2020 from Part VI, line 5......

3,715

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

3,715

Distributable amount before adjustments. Subtract line 2c from line 1............

946,499

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

946,499

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

946,499

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,100,237

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

1,100,237

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

1,100,237

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)

Page 9

Part XIII

Undistributed Income (see instructions)

	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7		946,499
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......	670,654
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: $ 1,100,237
a Applied to 2019, but not more than line 2a	670,654
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2020 distributable amount.....		429,583
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 ..........		516,916
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
REPRODUCTIVE HEALTHCARE OF THE BIG HORN 128 S THURMOND SHERIDAN,WY82801	NONE	CHARITY	HEALTH AND RELIGION	10,000
BOYS AND GIRLS CLUB OF CENTRAL IOWA 1421 WALKER STREET DES MOINES,IA50316	NONE	PUBLIC	CIVIC AND CULTURAL	475,000
CONNECTION CAFE 2416 70TH PLACE URBANDALE,IA503224811	NONE	PUBLIC	HEALTH AND RELIGION	5,000
DES MOINES PERFORMING ARTS 221 WALNUT STREET DES MOINES,IA50309	NONE	PUBLIC	CIVIC AND CULTURAL	4,000
IOWA NATURAL HERITAGE FOUNDATION 505 5TH AVE SUITE 444 DES MOINES,IA50309	NONE	PUBLIC	CIVIC AND CULTURAL	10,000
MOTE MARINE LABORATORY & AQUAR 1600 KEN THOMPSON PARKWAY SARASOTA,FL34239	NONE	CHARITY	EDUCATIONAL	115,000
SCIENCE CENTER OF IOWA 401 W MLK JR PARKWAY DES MOINES,IA50309	NONE	PUBLIC	EDUCATIONAL	75,000
SIMPSON COLLEGE 701 NORTH C STREET INDIANOLA,IA50125	NONE	PUBLIC	EDUCATIONAL	10,000
THE BRINTON MUSEUM PO BOX 460 BIG HORN,WY828330460	NONE	CHARITY	CIVIC AND CULTURAL	111,000
WYOMING STATE 4H DEP 3354 1000 E UNIVERSITY AVE LARAMIE,WY82071	NONE	PUBLIC	EDUCATIONAL	10,000
YOUTH HOMES OF MID AMERICA PO BOX 39 JOHNSTON,IA50131	NONE	CHARITY	CIVIC AND CULTURAL	2,500
UPRISING 2638 AVIATION DR SHERIDAN,WY82801	NONE	CHARITY	CIVIC AND CULTURAL	1,000
REBUILDING TOGETHER 999 N CAPITOL ST SE STE 701 WASHINGTON,DC20002	NONE	CHARITY	CIVIC AND CULTURAL	150,000
GREATER DSM BOTANICAL GARDEN 909 ROBERT D DAY DRIVE DES MOINES,IA50309	NONE	CHARITY	CIVIC AND CULTURAL	5,000
COAST GUARD FOUNDATION 394 TAUGWONK ROAD STONINGTON,CT06378	NONE	CHARITY	CIVIC AND CULTURAL	4,000
SHERIDAN PUBLIC ART COMMITTEE PO BOX 848 SHERIDAN,WY82801	NONE	CHARITY	CIVIC AND CULTURAL	2,500
UCROSS FOUNDATION 30 BIG RED LANE CLEARMONT,WY82835	NONE	CHARITY	EDUCATIONAL	5,000
UNIVERSITY OF IA CENTER FOR ADVANCEMENT 1 WEST PARK RD IOWA CITY,IA52242	NONE	CHARITY	HEALTH AND RELIGION	100,000
Total ................................. 3a				1,095,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	86,930
4 Dividends and interest from securities....			14	171,843
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	44,856
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)..				303,629

13Total. Add line 12, columns (b), (d), and (e)..................

303,629

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	10,474	5,237		5,237

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Name of Bond	End of Year Book Value	End of Year Fair Market Value
COMM MTG RE 3.288% DUE 12/10/2044	9,343	9,387
DIAGEO CAPITAL PLC 2.625% DUE 04/29/	62,262	68,021
ENSCO PLC
GS MORTGAGE SERCURITIES COR 3.482% D	25,924	25,312
INTL LEASE FINANCE CORP 4.625% DUE 4
JPMORGAN CHASE & CO 1.656% DUE 03/09
JPMORGAN CHASE & CO 3.200% DUE 06/15
JPMORGAN CHASE & CO 4.203% DUE 07/23	15,021	17,870
NATIONAL RURAL UTIL COOP 2.900% DUE	29,804	30,154
GEORGIA POWER CO 2.400% DUE 4/1/21	45,160	45,143
NBC UNIVERSAL MEDIA LLC 4.375% DUE 4
NOVARTIS CAPITAL CORP 1.800% DUE 02/	44,933	47,152
OMNICOM GROUP INC 3.65% DUE 11/1/202	36,554	42,510
VERIZON COMMUNICATIONS 3.500% DUE 08	44,520	43,825
WALMART STORES INC 1.9% DUE 12/15/20
SUNOCO LOGISTICS PARTNER 4.4% DUE 4/	30,077	30,177
CHEVRON 2.100% DUE 5/16/2021	40,057	40,208
TYSON FOODS INC 2.250% DUE 8/23/2021	29,795	30,309
VF CORP 2.050% DUE 04/23/2022	40,227	40,823
STARBUCKS CORP 1.300% DUE 05/07/2022	40,100	40,545
ORACLE CORP SR GLBL NT 2.5% DUE 05/1	45,424	46,191
JABIL INC 4.700% DUE 09/15/2022	48,240	48,107
AMERICAN HONDA FINANCE .875% DUE 07/	44,985	45,537
CIGNA CORP 3.750% DUE 07/15/2023	43,418	43,197
SAN DIEGO G&E 3.600% DUE 09/01/2023	48,525	48,320
PFIZER INC 3.200% DUE 09/15/2023	42,687	43,067
ABBVIE INC 2.500% DUE 05/14/2020	42,641	43,596
ENTERGY LOUISIANA LLC .62% DUE 11/17	44,991	45,129
GOLDMAN SACHS GROUP INC .627% DUE 11	45,000	45,210
BROADCOM CRP 3.625% DUE 1/15/2024	48,593	48,677
VALERO ENERGY CORP 1.200% DUE 3/15/2	45,143	45,290
HP ENTERPRISE CO 1.450% DUE 04/01/24	44,947	46,173
HERSHEY CO 2.050% 11/15/2024	40,910	42,325
MONDELEZ INTERNATIONAL 1.500% DUE 05	39,785	41,377
PAYPAL HOLDINGS INC 1.650% DUE 6/1/2	39,992	41,835
VISA INC 3.150% DUE 12/14/2025	38,219	39,229
MORGAN STANLEY 2.188% DUE 4/28/2026	40,000	42,289
COMCAST CORP 2.350% DUE 1/15/2027	39,725	39,768
COCA COLA 3.375% DUE 03/25/2027	39,594	40,140
AMAZON.COM INC 1.200% DUE 6/3/2027	45,172	45,794
BURLINGTON NORTH SANTA FE 3.250% DUE	39,364	39,687
SOUTHWEST AIRLINES CO 5.125% DUE 6/1	47,001	47,555
KIMBERLY-CLARK CORP 1.050% DUE 09/15	45,153	45,609
ROPER TECHNOLOGIES INC 1.400% DUE 9/	44,937	45,588
D.R. HORTON INC 1.400% DUE 10/15/202	44,870	45,283
ANTHEM INC 3.650% DUE 12/1/2027	37,806	40,342
KIMCO REALTY CORP 1.90% DUE 3/1/28	44,513	46,054
ESTEE LAUDER CO INC 2.600% DUE 4/15/	43,909	44,122
NUTRIEN LTD 3.625% DUE 03/15/2024	42,993	43,455
SUMITOMO MITSUI FINL GRP 2.632% DUE	48,167	48,883
GENERAL MOTORS FINL CO 3.55% DUE 07/
MARIOTT INTERNATIONAL 2.125% DUE 10/
ENERGY TRANSFER OPERATING 5.875% DUE
QUALCOMM INC 2.900% DUE 5/20/2024	39,804	43,104
BANK OF AMERICA CORP 3.366% DUE 01/2	36,049	38,552
LOWE'S COS INC 2.5% DUE 4/15/2026	44,227	48,843
CARNIVAL CORP 3.95% DUE 10/15/2020
VALARIS PLC 4.7% DUE 03/15/2021	5,158	205

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MEREDITH CORP 92,412 SHS	37,386	1,774,310
MEREDITH CORP CLASS B 92,412 SHS	37,386	1,728,104
AMAZON.COM INC.	38,296	136,791
HILTON WORLDWIDE HOLDINGS	43,179	45,616
BOOKING HLDS INC
HOME DEPOT	16,571	29,218
NIKE INC CL B	35,704	82,759
ROSS STORES INC	39,277	48,509
PEPSICO INC	43,468	63,027
CONOCOPHILLIPS	45,457	37,190
PIONEER NATURAL RESOURCES	27,139	18,222
AON PLC	27,950	28,521
BANK OF AMERICA CORP	70,371	73,956
BLACKROCK INC	28,903	40,406
BLACKSTONE GROUP INC	51,846	57,356
CHUBB LIMITED	20,981	31,553
CITIGROUP INC	35,202	43,162
CME GROUP INC
DISCOVER FINANCIAL SVCS
MSCI INC
S&P GLOBAL INC	20,812	26,298
SCHWAB CHARLES CORP NEW	28,347	30,498
DANAHER CORP	27,446	67,752
HEALTH CARE SELECT SPDR
IQVIA HOLDINGS INC	67,588	82,418
THERMO FISHER SCIENTIFIC	17,976	71,730
UNITEDHEALTH GROUP INC	49,869	68,382
ZOETIS INC	22,761	54,615
CINTAS CORP	17,215	37,113
FORTIVE	28,021	38,951
UNION PACIFIC CORP	72,575	90,575
WASTE MANAGEMENT INC NEW
ACTIVISION BLIZZARD INC
ALPHABET INC CLASS C	67,086	145,406
CHARTER COMMUNICATIONS INC	60,528	82,693
FACEBOOK INC-A	69,532	116,093
DISNEY (WALT) HOLDINGS CO
ADOBE INC	49,450	60,014
AMPHENOL CORP	28,061	39,884
APPLE INC	48,685	179,794
FIDELITY NATL INFO SVCS	47,323	70,730
MICROSOFT CORP	76,785	224,644
SALESFORCE COM
SERVICE NOW INC	23,648	49,538
TEXAS INSTRUMENTS INC	49,111	80,423
VISA INC.	78,760	146,549
AIR PRODUCTS & CHEMICALS	47,504	51,911
AMERICAN TOWER CORP	43,829	53,870
AMEREN CORP	26,163	31,224
AMERICAN WATER WORKS CO	7,723	27,624
SEA LTD ADR	9,974	44,786
TENCENT HOLDINGS LTD	32,794	55,632
ALIBABA GROUP HOLDINGS	17,021	43,055
LVMH MOET HENNESSY VUITTON	29,319	43,884
SAFRAN SA	41,000	45,530
ASML HOLDING	20,181	21,952
OW LARGE CAP STARTEGIES FD	3,907,144	6,004,780
OW GLOBAL SML & MID CAP FD	2,002,695	2,834,744
OW STRATEGIC OPPPORTUNITIES FD
OW CREDIT INCOME FUND	971,303	991,523

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

US Government Securities - End of Year Book Value:

2,419,417

US Government Securities - End of Year Fair Market Value:

2,498,184

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

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

- TIN:

TY 2020 OtherExpensesSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXPENSES
MISCELLANEOUS EXPENSE	151	151

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Category	Amount	Net Investment Income
BANK FEES	163	163
INVESTMENT FEES	30,644	30,644
ADR FEES	9	9

- TIN:

TY 2020 TaxesSchedule

Name:

EDWIN T MEREDITH FOUNDATION

EIN:

42-6059818

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	129	129
FEDERAL TAX PAID	27,215