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
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
DONALD & CAROL ROBERTS FOUNDATION IN
MEMORY OF VIRGINIA K WESTON INC
Number and street (or P.O. box number if mail is not delivered to street address)5414 WALTER HAGEN DR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BILLINGS, MT59106
A Employer identification number

81-0497226
B Telephone number (see instructions)

(406) 652-3536
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$2,203,530J 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) 30
2 Check bullet.............
3 Interest on savings and temporary cash investments 4 4 4
4 Dividends and interest from securities... 60,569 60,569 60,569
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -10,684
b Gross sales price for all assets on line 6a 127,715
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 112    
12 Total. Add lines 1 through 11........ 50,031 60,573 60,573
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 2,500 2,500 2,500 2,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,343 1,343 1,343 1,343
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 90 90 90 90
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,933 3,933 3,933 3,933
25 Contributions, gifts, grants paid....... 105,701 105,701
26 Total expenses and disbursements. Add lines 24 and 25 109,634 3,933 3,933 109,634
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -59,603
b Net investment income (if negative, enter -0-) 56,640
c Adjusted net income (if negative, enter -0-)... 56,640
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......... 36 14,328  
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,046,297 Click to see attachment1,013,203 1,780,222
c Investments—corporate bonds (attach schedule)....... 308,796 Click to see attachment263,796 290,097
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 117,338 Click to see attachment119,529 133,211
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,472,467 1,410,856 2,203,530
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment1,975  
23 Total liabilities (add lines 17 through 22)......... 1,975 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,470,492 1,410,856
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)..... 1,470,492 1,410,856
30 Total liabilities and net assets/fund balances (see instructions). 1,472,467 1,410,856
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
1,470,492
2
Enter amount from Part I, line 27a .....................
2
-59,603
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
1,410,889
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
33
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,410,856
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 172 OTIS WORLDWIDE CORP P 2008-02-21 2020-04-08
b 345 CARRIER GLOBAL CORPORATION P 2008-02-21 2020-04-08
c .5 OTIS WORLDWIDE CORP P 2008-02-21 2020-04-08
d $45,000 BCS FRNB CMS 2595*29AP30 P 2014-04-25 2020-10-30
e 610 MARATHON PETROLEUM CORP P 2018-07-12 2020-10-29
925 PLAINSALL AMERICAN PIPLIN LP P 2009-05-29 2020-10-29
PLAINS ALL AMER. PIPELINE LP - NEG BAS P 2009-05-29 2020-10-29
300 ALEXION PHARMACEUTICALS INC P 2019-01-17 2020-12-14
ARK INNOVATION LTCG DIVIDEND P 2019-01-01 2020-12-30
ROP UNIT INV GLOBAL WATER 2019-1 P 2019-01-01 2020-12-29
(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 7,343   6,362 981
b 4,771   4,255 516
c 22   19 3
d 45,000   45,000  
e 17,066   50,124 -33,058
5,264     5,264
644     644
47,227   32,639 14,588
229     229
149     149
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       981
b       516
c       3
d        
e       -33,058
      5,264
      644
      14,588
      229
      149
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 -10,684
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................................ 1 787
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........................... 3 787
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- ..... 5 787
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,197
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 1,197
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 410
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet410 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)
    bulletMT
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARILYN T HARMON CPA Telephone no.bullet (406) 259-9051

    Located atbullet344 MEADOWLARK LANEBILLINGSMT ZIP+4bullet591053747
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CAROL W ROBERTS Pres/TREAS
    0.00     		0    
    5414 WALTER HAGEN DR
    BILLINGS,MT59106
    DONALD L ROBERTS VPRES/SEC
    0.00     		0    
    5414 WALTER HAGEN DR
    BILLINGS,MT59106
    SARA E ROBERTS Director
    0.00     		0    
    17 CALAIS
    IRVINE,CA92602
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    1,968,236
    b
    Average of monthly cash balances.......................
    1b
    27,790
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,996,026
    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
    1,996,026
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    29,940
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,966,086
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    98,304
    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
    98,304
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    787
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    787
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    97,517
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    97,517
    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
    97,517
    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
    109,634
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    109,634
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    109,634
    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 97,517
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 20,418
    b From 2016...... 8,385
    c From 2017...... 8,118
    d From 2018...... 3,552
    e From 2019...... 12,889
    fTotal of lines 3a through e........ 53,362
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 109,634
    a Applied to 2019, but not more than line 2a  
    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..... 97,517
    e Remaining amount distributed out of corpus 12,117
    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 65,479
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		20,418
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		45,061
    10 Analysis of line 9:
    a Excess from 2016.... 8,385
    b Excess from 2017.... 8,118
    c Excess from 2018.... 3,552
    d Excess from 2019.... 12,889
    e Excess from 2020.... 12,117
    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).)
    CAROL W ROBERTS
    DONALD L ROBERTS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALBERTA BAIR THEATRE
    2720 3RD AVENUE NORTH
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    BILLINGS EDUCATION FOUNDATION
    415 NORTH 30TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL FUND NEEDS 1,000
    BILLINGS FAMILY YMCA
    402 NORTH 32ND STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    CONGREGATION BETH AARON
    P O BOX 187
    BILLINGS,MT59103     		NONE 501C3 GENERAL OPERATIONS 6,000
    ENERGY SHARE
    P O BOX 5959
    HELENA,MT59604     		NONE 501C3 ENERGY ASSISTANCE 1,000
    FAMILY SERVICE INC
    P O BOX 1020
    BILLINGS,MT59103     		NONE 501C3 GENERAL OPERATIONS 2,500
    FLORENCE CRITTENTON HOME
    901 NORTH HARRIS
    HELENA,MT59601     		NONE 501C3 GENERAL OPERATIONS 1,000
    FRIENDS OF MONTANA PBS
    P O BOX 173340
    BOZEMAN,MT59717     		NONE 501C3 GENERAL OPERATIONS 1,000
    GRAND 1894 OPERA HOUSE
    2020 POST OFFICE STREET
    GALVESTON,TX77550     		NONE 501C3 GENERAL OPERATIONS 1,000
    LA LECHE LEAGUE USA
    4475 NORTH JEFFERSON AVENUE
    MIAMI BEACH,FL33140     		NONE 501C3 GENERAL OPERATIONS 5,000
    MENTAL HEALTH CENTER
    P O BOX 219
    BILLINGS,MT59103     		NONE 501C3 SCHOLARSHIPS FOR FAMILIES 2,000
    MONTANA AUDUBON SOCIETY
    P O BOX 595
    HELENA,MT59624     		NONE 501C3 GENERAL OPERATIONS 3,000
    BILLINGS LIBRARY FOUNDATION
    510 NORTH BROADWAY
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    MONTANA STATE HOSPITAL
    P O BOX 300
    WARM SPRINGS,MT59756     		NONE 501C3 BIRTHDAYS, PARTY GIFTS 2,000
    MONTANA AUDUBON CONSERVATION EDUCAT
    7026 SOUTH BILLINGS BLVD
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 2,000
    PLANNED PARENTHOOD OF MONTANA
    1116 GRAND AVENUE
    BILLINGS,MT59102     		NONE 501C3 GENERAL OPERATIONS 1,000
    HABITAT FOR HUMANITY MID-YELLOWSTON
    201 NORTH 15TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 500
    SCHOLARSHIP PLUS
    525 EAST 80TH STREET
    NEW YORK,NY10075     		NONE 501C3 GENERAL OPERATIONS 1,000
    ZOO MONTANA
    2100 SOUTH SHILOH ROAD
    BILLINGS,MT59106     		NONE 501C3 GENERAL OPERATIONS 1,000
    SHODAIR CHILDREN'S HOSPITAL
    P O BOX 5539
    HELENA,MT59604     		NONE 501C3 GENERAL OPERATIONS 500
    AMERICAN SOCIETY FOR SUICIDE PREVEN
    199 WATER STREET 11TH FLOOR
    NEW YORK,NY10038     		NONE 501C3 GENERAL OPERATIONS 1,000
    BIG BROTHERS BIG SISTERS
    2123-B 2ND AVENUE NORTH
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    ANGEL HORSES
    P O BOX 20797
    BILLINGS,MT59104     		NONE 501C3 GENERAL OPERATIONS 1,000
    BOYS AND GIRLS CLUBS OF YELLOWSTONE
    505 ORCHARD LANE
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    YELLOWSTONE CASA
    3203 3RD AVENUE NORTH STE 203
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    MSU BILLINGS FOUNDATION
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE 501C3 SCHOLARSHIPS 3,000
    MONTANA COUNCIL BOY SCOUTS OF AMERI
    820 17TH STREET SOUTH
    GREAT FALLS,MT59405     		NONE 501C3 GENERAL OPERATIONS 500
    YWCA BILLINGS
    900 WYOMING AVENUE
    BILLINGS,MT59101     		NONE 501C3 AFFORDABLE HOUSING 1,000
    WOMEN'S FOUNDATION OF MONTANA
    P O BOX 1145
    HELENA,MT59624     		NONE 501C3 GENERAL OPERATIONS 500
    BOYS AND GIRLS CLUB FOUNDATION
    208 NORTH 29TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    THE FRIENDSHIP CENTER
    1430 SANDERS ST
    HELENA,MT59601     		NONE 501C3 GENERAL OPERATIONS 500
    RIALTO COMMUNITY THEATRE
    P O BOX 874
    DEER LODGE,MT59722     		NONE 501C3 GENERAL OPERATIONS 400
    YELLOWSTONE ART MUSEUM
    401 N 27TH STREET
    BILLINGS,MT59101     		NONE 501C3 ENDOWMENT 1,000
    LYDIAS HOUSE
    P O BOX 128808
    CINCINNATI,OH45212     		NONE 501C3 GENERAL OPERATIONS 1,000
    EAGLE MOUNT BILLINGS
    1140 16TH STREET WEST 12
    BILLINGS,MT59102     		NONE 501C3 GENERAL OPERATIONS 1,000
    FAMILY PROMISE
    10 SOUTH 26TH STREET
    BILLINGS,MT59101     		NONE 501C3 AFFORDABLE HOUSING 2,000
    FRIENDS OF PUBLIC RADIO
    1500 UNIVERSITY DRIVE
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 500
    GRACE MONTESSORI
    4809 GRAND AVENUE
    BILLINGS,MT59106     		NONE 501C3 SCHOLARSHIPS 500
    BILLINGS CATHOLIC SCHOOL FOUNDATION
    P O BOX 31158
    BILLINGS,MT59107     		NONE 501C3 GENERAL OPERATIONS 500
    BILLINGS COMMUNITY FOUNDATION
    P O BOX 1255
    BILLINGS,MT59103     		NONE 501C3 GENERAL OPERATIONS 1,000
    RIVERSTONE HEALTH FOUNDATION
    P O BOX 1562
    BILLINGS,MT59103     		NONE 501C3 GENERAL OPERATIONS 2,500
    PLAINS ALL AMERICAN PSHIP DISTRIBUT
    333 CLAY ST STE 1600
    HOUSTON,TX77002     		NONE 501C3 GENERAL OPERATIONS 1
    YELLOWSTONE BOYS GIRLS RANCH FND
    2050 OVERLAND AVE - P O BOX 80807
    BILLINGS,MT59108     		NONE 501C3 GENERAL OPERATIONS 500
    ROTARY CLUB OF BILLINGS FOUNDATION
    P O BOX 1094
    BILLINGS,MT59103     		NONE 501C3 FOOD BASKETS & GENERAL OPERATIONS 2,000
    MONTANA AUDUBON CONSERVATION EDUCAT
    7026 SOUTH BILLINGS BLVD
    BILLINGS,MT59101     		NONE 501C3 ENDOWMENT 1,000
    FAMILY PROMISE
    10 SOUTH 26TH STREET
    BILLINGS,MT59101     		NONE 501C3 BEACH BLIZZARD 2,500
    FAMILY SERVICE FOUNDATION INC
    P O BOX 1020
    BILLINGS,MT59103     		NONE 501C3 GENERAL OPERATIONS 5,000
    NATIONAL JEWISH HEALTH
    1400 JACKSON STREET STE 731
    DENVER,CO80306     		NONE 501C3 GENERAL OPERATIONS 500
    YELLOWSTONE VALLEY ANIMAL SHELTER
    P O BOX 20920
    BILLINGS,MT59104     		NONE 501C3 GENERAL OPERATIONS 1,000
    FAMILY PROMISE
    10 SOUTH 26TH STREET
    BILLINGS,MT59101     		NONE 501C3 ENDOWMENT 1,000
    MONTANA LAND RELIANCE
    P O BOX 355
    HELENA,MT59624     		NONE 501C3 GENERAL OPERATIONS 500
    ART HOUSE
    109 NORTH 30TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    GUTTMACHER INSTITUTE
    125 MAIDEN LANE 7TH FLOOR
    NEW YORK,NY10038     		NONE 501C GENERAL OPERATIONS 500
    FAMILY SERVICE INC
    P O BOX 1020
    BILLINGS,MT59103     		NONE 501C3 MEMORIAL 5,000
    HEAD START INC
    615 N 19TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 500
    LA LECHE LEAGUE INTERNATIONAL
    1110 HORIZON DR SUITE 210
    RALEIGH,NC27615     		NONE 501C3 GENERAL OPERATIONS 5,000
    LEGAL AID CINCINNATI
    215 EAST NINTH STREET SUITE 200
    CINCINNATI,OH45202     		NONE 501C3 GENERAL OPERATIONS 500
    MENNINGER
    12301 MAIN STREET
    HOUSTON,TX77035     		NONE 501C3 GENERAL OPERATIONS 500
    MONTANA 4H FOUNDATION
    P O BOX 173580
    BOZEMAN,MT59715     		NONE 501C3 GENERAL OPERATIONS 500
    MONTANA FOOD BANK NETWORK
    P O BOX 17830
    MISSOULA,MT59808     		NONE 501C3 GENERAL OPERATIONS 1,000
    ROCKY MOUNTAIAN COLLEGE
    1511 POLY DRIVE
    BILLINGS,MT59102     		NONE 501C3 GENERAL OPERATIONS 500
    SHOULDER TO SHOULDER
    3445 SOUTH DIXIE DRIVE 200
    DAYTON,OH45439     		NONE 501C3 GENERAL OPERATIONS 500
    SHRINERS HOSPITALS
    P O BOX 1510
    RANSON,WV25438     		NONE 501C3 GENERAL OPERATIONS - FOR GALVESTON TX 500
    ST JOHN'S FOUNDATION
    2429 MISSION WAY
    BILLINGS,MT59102     		NONE 501C3 GENERAL OPERATIONS 500
    YELLOWSTONE ART MUSEUM
    401 NORTH 27TH STREET
    BILLINGS,MT59101     		NONE 501C3 GENERAL OPERATIONS 1,000
    UNITED WAY - GALVESTON
    PO BOX 2250
    GALVESTON,TX77553     		NONE 501C3 PASSES FOR BREASTFEEDING MOTHERS 2,500
    FAMILY PROMISE ENDOWMENT
    2100 SOUTH SHILOH ROAD
    BILLINGS,MT59106     		NONE 501C3 ENDOWMENT FOR CONTINUED FUNDING 1,000
    YOUTH DYNANICS
    2334 LEWIS AVE
    BILLINGS,MT59102     		  501C3 ENERAL OPERATIONS 10,000
    YOUTH DYNANICS
    2334 LEWIS AVE
    BILLINGS,MT59102     		  501C3 ENERAL OPERATIONS 1,500
    BILLINGS SYMPHONY
    2820 2ND AVE NORTH
    BILLINGS,MT59101     		  501C3 GENERAL OPERATIONS 500
    SALVATION ARMY
    2100 6TH AVE NORTH - PO BOX 1903
    BILLINGS,MT59103     		  501C3 GENERAL OPERATIONS 300
    YELLOWSTONE ART MUSEUM
    401 NORTH 27TH ST
    BILLINGS,MT59101     		  501C3 GENERAL OPERATIONS 2,000
    Total .................................bullet 3a 105,701
    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 ...........     		    14 4  
    4 Dividends and interest from securities....     14 60,569  
    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 ............     		        -10,684
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INV. INCOME     		        194
    bPARTNERSHIP SEC 1231 LOSS         -82
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   60,573 -10,572
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    50,001
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    HOWMET AEROSPACE INC (FORMERLY ALCOA) 25,055 29,516
    VERIZON NEW JERSEY INC (FORMER NJ BELL) 29,512 27,543
    BURLINGTON NORTHERN 1950 30AU15 24,825 27,169
    MS FXFL CPI 3227 24OC15 26,240 26,187
    MS CONTINGENT COUPON RANGE ACC 25,000 32,479
    BRISTOL MYERS 6800 26NV15 49,540 55,503
    CITI LVG STP CMS 10000 *28NV15 20,000 19,552
    BCS FRNB CMS 10000 *29AP30    
    INTERNATIONAL FINANCE CORP 18,016 18,108
    VODAFONE GROUP PLC FXD 10,729 12,440
    GENERAL MOTORS FIN CO FXD 34,879 41,600

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES - COMMON STOCK 18,122 70,074
    ALTRIA GROUP INC 26,701 31,775
    AMERICAN ELECTRIC POWER CO 29,053 52,044
    ARCHER DANIELS MIDLAND 31,949 39,320
    BOEING CO 4,045 20,336
    INVESCO BLDRS EMERGING MARKETS 30,554 43,638
    BOSTON PROPERTIES INC 33,944 28,359
    BP PLC ADS 31,505 8,824
    CATERILLAR INC 16,035 63,707
    DEERE & CO 29,793 95,513
    DIAGEO PLC SPON ADR NEW 27,048 53,995
    GENERAL DYNAMICS CORP 21,148 33,484
    GOLDMAN SACHS GRP INC 24,432 32,964
    ISHARES MSCI EAFE FUND 28,763 27,360
    ISHARES SP SMALLCAP 600 INDEX 24,755 73,520
    JOHNSON & JOHNSON 24,802 57,444
    JP MORGAN CHASE & CO 18,762 50,828
    MONDELEZ INTL INC (FROM KRAFT FOODS) 16,472 46,776
    PHILLIP MORRIS CO 20,342 33,116
    SOUTHERN COPPER CO 18,406 66,813
    NUCOR 31,981 29,786
    US BANCORP COM NEW 25,811 41,931
    RAYTHEON TECHNOLOGIES CORP 26,612 38,973
    WASTE MGMT INC (DELA) 14,614 58,965
    MS EMERGING MKTS DOMESTIC DEBT 19,824 9,435
    PIMCO CORORATE & INCOME STRAT 22,169 22,412
    ABBVIE INC 20,430 71,255
    HERSHEY COMPANY 20,145 29,704
    EATON CORP PLC SHS 14,682 30,035
    MICROSOFT CORP 19,395 83,407
    CLEARWAY ENERGY INC CL C (FORMER NRG) 21,749 44,702
    DANONE SPONSORED ADR 33,078 28,165
    MARATHON PETROLEUM CORP    
    ARK INNOVATION ETF 24,990 68,469
    INVESCO QQQ TRUST, SERIES I 43,144 75,298
    BEIGENE LTD 21,835 46,510
    BIOGEN INC 21,876 17,140
    LOCKHEED MARTIN CORP 35,097 40,823
    REGENERON PHARMACEUTICALS INC 22,353 28,503
    SIMON PPTY GROUP INC 26,366 13,645
    VANGUARD EMERGING MARKETS BD 20,557 20,575
    ALEXION PHARM INC    
    REGENXBIO INC 24,842 26,309
    DENALI THERAPEUTICS 25,022 24,290

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PLAINS ALL AMERICAN PIPELINE LP AT COST    
    INVESCO SENIOR LOAN C AT COST 32,245 29,465
    UNIT INVESCO GLOBAL WATER 2019-1 AT COST 87,284 103,746

    TY 2020 OtherDecreasesSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    PLAINS ALL AMERICAN PIPELINE - N/D EXP 31
    ROUNDING 2


    TY 2020 OtherExpensesSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL REPORT FEES 30 30 30 30
    BANK/BROKER CHARGES 60 60 60 60


    TY 2020 OtherIncomeSchedule2
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INV. INCOME 194    
    PARTNERSHIP SEC 1231 LOSS -82    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MARILYN T HARMON 2,500 2,500 2,500 2,500


    TY 2020 TaxesSchedule
    Name:
    DONALD & CAROL ROBERTS FOUNDATION IN
     
    MEMORY OF VIRGINIA K WESTON INC
    EIN:
    81-0497226
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAX - 2020 ESTIMATED TAX 1,000 1,000 1,000 1,000
    FOREIGN TAX WITHHELD 343 343 343 343