TY 2020 Form 990PF

- TIN:

Form990-PF

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
AY MCDONALD CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 508
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DUBUQUE, IA520040508

A Employer identification number

42-6119514

B Telephone number (see instructions)

(563) 583-7311

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

$8,352,273J 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	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	6		6
4	Dividends and interest from securities...	157,656		157,656
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		1,129,568
b	Gross sales price for all assets on line 6a 6,125,731
7	Capital gain net income (from Part IV, line 2)...			1,129,568
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	1,287,230		1,287,230	0
13	Compensation of officers, directors, trustees, etc.	0		0	0	0
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)....		45,503	45,114	0	389
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		233	233	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	45,736		45,347	0	389
25	Contributions, gifts, grants paid.......	566,948				566,948
26	Total expenses and disbursements. Add lines 24 and 25	612,684		45,347	0	567,337
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	674,546
b	Net investment income (if negative, enter -0-)			1,241,883
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	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.............	64,211	56,880	56,880
	2	Savings and temporary cash investments.........	48,676	37,310	37,310
	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)	2,421,462	1,457,373	1,457,373
	b	Investments—corporate stock (attach schedule).......	5,008,100	5,592,825	5,592,825
	c	Investments—corporate bonds (attach schedule).......	427,220	1,207,885	1,207,885
	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)	7,969,669	8,352,273	8,352,273
	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	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	7,969,669	8,352,273
	29	Total net assets or fund balances (see instructions).....	7,969,669	8,352,273
	30	Total liabilities and net assets/fund balances (see instructions).	7,969,669	8,352,273

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

7,969,669

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

674,546

Other increases not included in line 2 (itemize) bullet

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

8,644,215

Decreases not included in line 2 (itemize) bullet

291,942

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

8,352,273

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	(d) Date sold (mo., day, yr.)
1 a	AT&T INC COM	P	2020-01-15
b	AT&T INC COM	P	2020-03-05
c	AT&T INC COM	P	2020-08-27
d	ADOBE SYS INC COM	P	2020-01-15
e	ADOBE SYS INC COM	P	2020-03-05
	ADOBE SYS INC COM	P	2020-08-27
	AIR PRODS & CHEMS INC COM	P	2020-01-15
	AIR PRODS & CHEMS INC COM	P	2020-03-05
	AIR PRODS & CHEMS INC COM	P	2020-08-27
	ALEXON PHARMACEUTICALS INC COM	P	2020-09-01
	ALEXON PHARMACEUTICALS INC COM	P	2020-10-29
	ALLY FINL INC COM	P	2020-09-18
	ALLY FINL INC COM	P	2020-11-05
	ALPHABET INC CAP STOCK CL C	P	2020-01-15
	ALPHABET INC CAP STOCK CL C	P	2020-03-05
	ALPHABET INC CAP STOCK CL C	P	2020-08-27
	ALPHABET INC CAP STOCK CL A	P	2020-01-15
	ALPHABET INC CAP STOCK CL A	P	2020-03-05
	ALPHABET INC CAP STOCK CL A	P	2020-08-27
	AMAZON COM INC COM	P	2020-08-27
	AMERICAN TOWER CORP NEW COM	P	2020-01-15
	AMERICAN TOWER CORP NEW COM	P	2020-03-05
	AMERICAN TOWER CORP NEW COM	P	2020-08-27
	APPLE INC COM	P	2020-01-15
	APPLE INC COM	P	2020-03-05
	APPLE INC COM	P	2020-08-31
	ARCELOMRITTAL SA LUXEMBOURG REGISTRY SHS N	P	2020-11-24
	ARCELOMRITTAL SA LUXEMBOURG REGISTRY SHS N	P	2020-11-25
	ARCELOMRITTAL SA LUXEMBOURG REGISTRY SHS N	P	2020-12-02
	ARCELOMRITTAL SA LUXEMBOURG REGISTRY SHS N	P	2020-12-04
	AUTOMATIC DATA PROCESSING IN COM	P	2020-01-15
	AUTOMATIC DATA PROCESSING IN COM	P	2020-03-05
	AUTOMATIC DATA PROCESSING IN COM	P	2020-07-14
	AUTOMATIC DATA PROCESSING IN COM	P	2020-08-27
	BAKER HUGHES A GE CO CLASS A	P	2020-10-29
	BANK OF AMERICA CORPORATION COM	P	2020-10-21
	BAUSCH HEALTH COS INC COM	P
	BAUSCH HEALTH COS INC COM	P
	BECTON DEICKINSON & CO COM	P
	BECTON DEICKINSON & CO COM	P
	BECTON DEICKINSON & CO COM	P
	BECTON DEICKINSON & CO COM	P
	BERKSHIRE HATHAWAY INC DEL CL B NEW	P
	BERKSHIRE HATHAWAY INC DEL CL B NEW	P
	BERKSHIRE HATHAWAY INC DEL CL B NEW	P
	BROADCOM INC COM	P
	BROADCOM INC COM	P
	CME GROUP INC	P
	CME GROUP INC	P
	CME GROUP INC	P
	CVS HEALTH COPR COM	P
	CVS HEALTH COPR COM	P
	CARRIER GLOBAL CORP COM	P
	CICSO SYSM INC COM	P
	CICSO SYSM INC COM	P
	CICSO SYSM INC COM	P
	CICSO SYSM INC COM	P
	CICSO SYSM INC COM	P
	CITIGROUP INC COM NEW	P
	CITIZENS FINL GROUP INC COM	P
	CITIZENS FINL GROUP INC COM	P
	CITIZENS FINL GROUP INC COM	P
	COMCAST CORP NEW CL A	P
	COMCAST CORP NEW CL A	P
	COMCAST CORP NEW CL A	P
	CONCHO RES COM	P
	CONCOPHILLIPS COM	P
	CORTEVA INC COM	P
	CORTEVA INC COM	P
	CORTEVA INC COM	P
	DIAMONDBACK ENERGY INC COM	P
	DIAMONDBACK ENERGY INC COM	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISNEY WALT CO COM DISNEY	P
	DISCOVER FINL SVCS COM	P
	DUKE ENERGY CORP NEW COM NOW	P
	DUKE ENERGY CORP NEW COM NOW	P
	DUKE ENERGY CORP NEW COM NOW	P
	DUPONT DE NEMOURS INC COM	P
	DUPONT DE NEMOURS INC COM	P
	DUPONT DE NEMOURS INC COM	P
	EOG RES INC COM	P
	ECOLAB INC	P
	ECOLAB INC	P
	ECOLAB INC	P
	EXXON MOBIL COPR COM	P
	EXXON MOBIL COPR COM	P
	EXXON MOBIL COPR COM	P
	GENERAL MTRS CO COM	P
	GENERAL MTRS CO COM	P
	GENERAL MTRS CO COM	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	GOLMAN SACHS FINANCIALS SQUARE GOVT FUND	P
	HONEYWELL INTL INC COM	P
	HONEYWELL INTL INC COM	P
	HONEYWELL INTL INC COM	P
	INTERNATIONAL BUSINESS MACHS COM	P
	INTERNATIONAL BUSINESS MACHS COM	P
	INTERNATIONAL BUSINESS MACHS COM	P
	ISHARES TR 7-10 YEAR BOND ETF	P
	ISHARES TR 7-10 YEAR BOND ETF	P
	ISHARES TR 7-10 YEAR BOND ETF	P
	ISHARES TR 7-10 YEAR BOND ETF	P
	ISHARES TR MSCI EAFE ETF	P
	ISHARES TR RUSSELL 2000 ETF	P
	ISHARES TR RUSSELL 2000 ETF	P
	ISHARES TR AGENCY BOND ETF	P
	ISHARES TR AGENCY BOND ETF	P
	ISHARES TR AGENCY BOND ETF	P
	ISHARES TR AGENCY BOND ETF	P
	ISHARES TR EAFE SML CP ETF	P
	ISHARES TR JP MOR EM MK ETF	P
	ISHARES TR BARCLAYS MBS BD	P
	ISHARES TR FLTG RATE INT ETF	P
	JPMORGAN CHASE & CO COM	P
	JPMORGAN CHASE & CO COM	P
	JPMORGAN CHASE & CO COM	P
	JPMORGAN CHASE & CO COM	P
	JPMORGAN CHASE & CO COM	P
	JOHNSON & JOHNSON COM	P
	JOHNSON & JOHNSON COM	P
	JOHNSON & JOHNSON COM	P
	KINDER MORGAN INC DEL COM	P
	KINDER MORGAN INC DEL COM	P
	KINDER MORGAN INC DEL COM	P
	MACYS INC COM	P
	MACYS INC COM	P
	MACYS INC COM	P
	MERCK & CO INC COM	P
	MERCK & CO INC COM	P
	MERCK & CO INC COM	P
	METLIFE INC COM	P
	METLIFE INC COM	P
	METLIFE INC COM	P
	METLIFE INC COM	P
	MICROSOFT CORP COM	P
	MICROSOFT CORP COM	P
	MICROSOFT CORP COM	P
	MICROSOFT CORP COM	P
	MICRON TECHNOLOGY INC COM	P
	MICRON TECHNOLOGY INC COM	P
	MONDELEZ INTL INC CL A	P
	MONDELEZ INTL INC CL A	P
	MONDELEZ INTL INC CL A	P
	NEXTERA ENERGY INC COM	P
	ONOK INC NEW COM	P
	ORACLE CORP COM	P
	ORACLE CORP COM	P
	ORACLE CORP COM	P
	OTIS WORLDWIDE CORP COM	P
	PPG INDS INC COM	P
	PPG INDS INC COM	P
	PPG INDS INC COM	P
	PAYPAL HLDGS INC COM	P
	PAYPAL HLDGS INC COM	P
	PAYPAL HLDGS INC COM	P
	PEPSICO INC COM	P
	PEPSICO INC COM	P
	PEPSICO INC COM	P
	PHIZER INC COM	P
	PHIZER INC COM	P
	PHIZER INC COM	P
	PHIZER INC COM	P
	PIONEER NAT RES CO COM	P
	PIONEER NAT RES CO COM	P
	PIONEER NAT RES CO COM	P
	PROCTER & GAMBLE CO COM	P
	PROCTER & GAMBLE CO COM	P
	PROCTER & GAMBLE CO COM	P
	RAYTHEON CO COM NEW	P
	RAYTHEON CO COM NEW	P
	RAYTHEON TECHNOLOGIES CORP COM	P
	RAYTHEON TECHNOLOGIES CORP COM	P
	RAYTHEON TECHNOLOGIES CORP COM	P
	REGENERON PHARMACEUTICALS COM	P
	RESTAURANT BRANDS INT INC COM	P
	SPDR SERIES TRUST BLOMBERG BRC INTR	P
	SPDR SERIES TRUST BLOMBERG BRC INTR	P
	SPDR SERIES TRUST BLOMBERG BRC INTR	P
	SPDR SERIES TRUST BLOMBERG BRC INTR	P
	SPDR SERIES TRUST BLOMBERG BRC SRT	P
	SPDR SERIES TRUST BLOMBERG BRC SRT	P
	SPDR SERIES TRUST BLOMBERG BRC SRT	P
	SPDR SERIES TRUST BLOMBERG BRC SRT	P
	SCHLUMBERGER LTD COM	P
	SCHLUMBERGER LTD COM	P
	SCHLUMBERGER LTD COM	P
	SCHLUMBERGER LTD COM	P
	SCHWAB STRATEGIC TR INTRM TRM TRES	P
	SCHWAB STRATEGIC TR INTRM TRM TRES	P
	SCHWAB STRATEGIC TR INTRM TRM TRES	P
	SCHWAB STRATEGIC TR INTRM TRM TRES	P
	SCHWAB STRATEGIC TR SHT TM US TRES	P
	SCHWAB STRATEGIC TR SHT TM US TRES	P
	SCHWAB STRATEGIC TR SHT TM US TRES	P
	SCHWAB STRATEGIC TR SHT TM US TRES	P
	STANLEY BLAKC & DECKER INC COM	P
	STANLEY BLAKC & DECKER INC COM	P
	TJX COS INC NEW COM	P
	TJX COS INC NEW COM	P
	TJX COS INC NEW COM	P
	TJX COS INC NEW COM	P
	3M CO COM	P
	3M CO COM	P
	3M CO COM	P
	TOTAL S A SPONSORED ADR	P
	TOTAL S A SPONSORED ADR	P
	TRAVELERS COMPANIES INC COM	P
	TRAVELERS COMPANIES INC COM	P
	TRAVELERS COMPANIES INC COM	P
	US BANCORP DEL COM NEW	P
	US BANCORP DEL COM NEW	P
	US BANCORP DEL COM NEW	P
	UNITED PARCEL SERVICE INC CL B	P
	UNITED PARCEL SERVICE INC CL B	P
	UNITED PARCEL SERVICE INC CL B	P
	UNITED PARCEL SERVICE INC CL B	P
	UNITED RENTALS INC COM	P
	UNITED RENTALS INC COM	P
	UNITED RENTALS INC COM	P
	UNITED RENTALS INC COM	P
	UNITED TECHNOLOGIES CORP COM	P
	UNITED TECHNOLOGIES CORP COM	P
	UNITEDHEALTH GROUP INC COM	P
	UNITEDHEALTH GROUP INC COM	P
	UNITEDHEALTH GROUP INC COM	P
	VANGUARD GROUP FTSE EMR MKT ETF	P
	VANGUARD GROUP FTSE EMR MKT ETF	P
	VANGUARD SHRT TRM COPR BD	P
	VANGUARD SHRT TRM COPR BD	P
	VANGUARD SHRT TRM COPR BD	P
	VANGUARD INT - TERM CORP	P
	VANGUARD INT - TERM CORP	P
	VANGUARD INT - TERM CORP	P
	VANGUARD GROUP MCAP VL IDX VIP	P
	VANGUARD GROUP MCAP GR IDXVIP	P
	VANGUARD GROUP MCAP GR IDXVIP	P
	VISA INC COM CL A	P
	VISA INC COM CL A	P
	VISA INC COM CL A	P
	WAL-MART STORES INC COM	P
	WAL-MART STORES INC COM	P
	WAL-MART STORES INC COM	P
	WASTE MGMT INC DEL COM	P
	WASTE MGMT INC DEL COM	P
	WASTE MGMT INC DEL COM	P
	WELLS FARGO & CO NEW COM	P
	WELLS FARGO & CO NEW COM	P
	WELLS FARGO & CO NEW COM	P
	WELLS FARGO & CO NEW COM	P
	WELLS FARGO & CO NEW COM	P
	WESTERN DIGITAL CORP COM	P
	WESTERN DIGITAL CORP COM	P
	ADIENT PLC ORD SHS	P
	BUNGE LIMITED COM	P
	MEDTRONIC PLC SHS	P
	MEDTRONIC PLC SHS	P
	MEDTRONIC PLC SHS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	488	501	-13
b	485	501	-17
c	2,693	3,309	-616
d	339	249	90
e	351	249	103
	39,313	19,387	19,925
	699	491	208
	690	491	199
	55,188	32,368	22,820
	3,104	2,884	220
	3,332	2,991	341
	6,422	5,818	604
	2,069	1,720	349
	1,432	502	929
	1,329	502	826
	58,969	18,081	40,888
	1,431	506	924
	1,326	506	819
	11,433	3,545	7,888
	99,122	55,763	43,359
	938	487	451
	981	487	494
	55,117	22,674	32,443
	308	270	38
	589	545	45
	4,692	11,630	-6,938
	1,585	1,142	443
	6,239	4,327	1,912
	30,671	19,566	11,105
	4,571	2,753	1,818
	1,206	511	696
	1,282	583	699
	3,601	1,823	1,778
	55,787	28,809	26,978
	4,394	4,732	-338
	15,012	16,332	-1,320
	6,856	5,916	940
	16,940	14,060	2,880
	826	558	268
	963	745	218
	8,024	5,957	2,067
	43,363	36,238	7,125
	1,591	944	647
	1,462	944	519
	90,390	55,946	34,444
	2,496	2,408	89
	6,709	5,506	1,203
	405	236	169
	437	236	201
	19,753	13,111	6,642
	221	243	-22
	193	243	-50
	6,462	7,500	-1,038
	955	495	460
	794	495	299
	21,863	14,506	7,357
	11,052	6,659	4,393
	11,806	6,907	4,899
	5,857	5,535	323
	2,366	2,287	79
	3,285	2,970	315
	2,464	1,866	598
	1,850	1,330	519
	1,691	1,364	327
	100,984	62,504	38,480
	8,514	10,132	-1,619
	1,512	1,032	480
	196	195	1
	222	223	-1
	9,368	11,957	-2,589
	4,221	4,626	-404
	791	684	107
	1,728	1,344	385
	1,357	1,124	234
	13,127	11,785	1,342
	6,269	5,398	872
	4,050	3,598	452
	7,553	6,387	1,166
	32,261	21,500	10,760
	2,803	1,439	1,364
	2,824	2,228	596
	735	581	154
	804	581	223
	31,850	33,121	-1,272
	240	307	-68
	171	307	-136
	8,545	18,698	-10,153
	1,655	1,090	565
	569	341	228
	597	341	256
	37,109	21,152	15,957
	547	694	-146
	397	694	-297
	17,858	39,099	-21,241
	7,169	6,615	554
	5,681	3,849	1,832
	7,952	5,352	2,600
	52,362	52,362	0
	3,963	3,963	0
	12,419	12,419	0
	5,702	5,702	0
	5,423	5,423	0
	3,945	3,945	0
	13,346	13,346	0
	9,695	9,695	0
	75,000	75,000	0
	8,935	8,935	0
	15,624	15,624	0
	896	440	457
	819	440	380
	59,016	32,392	26,624
	406	459	-53
	650	764	-115
	36,910	42,549	-5,639
	3,117	2,846	272
	2,266	1,931	334
	45,330	38,521	6,808
	149,168	125,118	24,050
	6,919	6,122	797
	4,519	3,266	1,254
	86,416	66,151	20,265
	4,291	4,191	100
	2,881	2,719	162
	59,757	56,434	3,323
	195,926	182,533	13,393
	2,606	2,382	224
	1,135	1,136	-1
	96,866	97,105	-239
	82,091	82,177	-86
	1,496	635	861
	1,254	635	618
	49,589	27,951	21,638
	3,464	1,675	1,789
	16,523	8,549	7,974
	1,171	824	347
	1,124	824	300
	71,496	48,230	23,266
	657	550	108
	628	568	61
	24,236	31,845	-7,609
	1,467	1,508	-41
	5,712	4,404	1,308
	3,926	2,520	1,406
	1,092	719	374
	983	719	265
	58,743	40,124	18,619
	619	578	41
	489	578	-90
	3,343	6,358	-3,015
	14,979	25,384	-10,405
	2,941	811	2,130
	2,999	811	2,188
	17,965	4,099	13,866
	163,199	32,252	130,947
	4,959	4,488	470
	3,350	2,427	923
	706	605	101
	791	652	140
	23,467	18,437	5,030
	49,140	36,167	12,973
	8,054	6,801	1,254
	653	635	19
	12,920	11,157	1,764
	388	330	58
	27,174	19,557	7,617
	13,187	11,244	1,942
	1,568	1,225	343
	1,340	1,327	13
	84,295	70,939	13,356
	803	238	565
	785	238	547
	77,553	12,079	65,474
	1,107	947	159
	1,106	947	159
	63,815	42,755	21,059
	645	586	59
	568	586	-18
	47,375	38,030	9,345
	284	381	-96
	238	381	-143
	14,841	23,590	-8,749
	1,001	662	339
	977	662	315
	64,103	38,329	25,774
	1,371	580	792
	1,130	580	551
	56	62	-6
	5,773	5,894	-121
	79,766	62,790	16,976
	12,394	13,415	-1,021
	2,412	2,386	26
	1,731	1,662	70
	1,161	1,085	76
	21,716	22,518	-803
	79,352	73,219	6,133
	9,159	9,115	44
	6,138	6,046	92
	118,843	123,627	-4,785
	411,633	400,326	11,308
	187	361	-173
	127	361	-233
	4,711	21,222	-16,511
	4,852	4,709	143
	17,238	16,786	452
	11,970	11,137	834
	245,816	227,628	18,188
	805,283	735,783	69,500
	5,452	5,437	15
	3,645	3,574	70
	75,445	73,647	1,798
	245,055	239,518	5,537
	5,603	5,118	486
	7,635	6,934	701
	1,421	887	534
	1,446	926	520
	57,760	34,468	23,291
	3,558	1,599	1,959
	534	434	100
	458	434	23
	29,620	26,053	3,567
	2,893	3,032	-139
	947	838	109
	1,096	744	352
	1,019	744	275
	62,857	51,532	11,324
	598	576	23
	483	576	-93
	22,930	32,258	-9,328
	1,058	890	168
	831	890	-59
	2,271	2,374	-103
	80,169	51,465	28,704
	6,982	7,291	-309
	4,539	4,192	347
	6,361	6,197	164
	8,084	6,197	1,887
	909	658	251
	776	658	118
	593	547	46
	563	547	16
	38,017	31,541	6,476
	3,945	3,545	399
	6,254	5,705	549
	3,404	3,362	42
	2,308	2,242	66
	43,300	45,314	-2,014
	3,854	3,616	238
	2,660	2,410	249
	47,427	47,934	-507
	8,525	7,079	1,445
	6,065	4,645	1,419
	94,735	67,857	26,878
	1,394	378	1,017
	1,315	378	937
	78,992	20,175	58,817
	1,258	825	434
	1,274	825	449
	84,811	46,400	38,411
	1,298	927	371
	1,415	1,011	404
	74,839	34,655	40,183
	428	458	-30
	353	458	-105
	3,042	5,799	-2,757
	3,871	7,071	-3,199
	6,711	12,666	-5,955
	5,432	5,568	-136
	25,681	20,365	5,316
	103	346	-243
	4,311	3,635	676
	399	480	-81
	3,213	3,601	-388
	5,079	5,510	-430

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			-13
b			-17
c			-616
d			90
e			103
			19,925
			208
			199
			22,820
			220
			341
			604
			349
			929
			826
			40,888
			924
			819
			7,888
			43,359
			451
			494
			32,443
			38
			45
			-6,938
			443
			1,912
			11,105
			1,818
			696
			699
			1,778
			26,978
			-338
			-1,320
			940
			2,880
			268
			218
			2,067
			7,125
			647
			519
			34,444
			89
			1,203
			169
			201
			6,642
			-22
			-50
			-1,038
			460
			299
			7,357
			4,393
			4,899
			323
			79
			315
			598
			519
			327
			38,480
			-1,619
			480
			1
			-1
			-2,589
			-404
			107
			385
			234
			1,342
			872
			452
			1,166
			10,760
			1,364
			596
			154
			223
			-1,272
			-68
			-136
			-10,153
			565
			228
			256
			15,957
			-146
			-297
			-21,241
			554
			1,832
			2,600
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			0
			457
			380
			26,624
			-53
			-115
			-5,639
			272
			334
			6,808
			24,050
			797
			1,254
			20,265
			100
			162
			3,323
			13,393
			224
			-1
			-239
			-86
			861
			618
			21,638
			1,789
			7,974
			347
			300
			23,266
			108
			61
			-7,609
			-41
			1,308
			1,406
			374
			265
			18,619
			41
			-90
			-3,015
			-10,405
			2,130
			2,188
			13,866
			130,947
			470
			923
			101
			140
			5,030
			12,973
			1,254
			19
			1,764
			58
			7,617
			1,942
			343
			13
			13,356
			565
			547
			65,474
			159
			159
			21,059
			59
			-18
			9,345
			-96
			-143
			-8,749
			339
			315
			25,774
			792
			551
			-6
			-121
			16,976
			-1,021
			26
			70
			76
			-803
			6,133
			44
			92
			-4,785
			11,308
			-173
			-233
			-16,511
			143
			452
			834
			18,188
			69,500
			15
			70
			1,798
			5,537
			486
			701
			534
			520
			23,291
			1,959
			100
			23
			3,567
			-139
			109
			352
			275
			11,324
			23
			-93
			-9,328
			168
			-59
			-103
			28,704
			-309
			347
			164
			1,887
			251
			118
			46
			16
			6,476
			399
			549
			42
			66
			-2,014
			238
			249
			-507
			1,445
			1,419
			26,878
			1,017
			937
			58,817
			434
			449
			38,411
			371
			404
			40,183
			-30
			-105
			-2,757
			-3,199
			-5,955
			-136
			5,316
			-243
			676
			-81
			-388
			-430

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	1,129,568
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	0

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	17,262
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	17,262
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	17,262
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	2,999
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	2,999
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	14,263
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	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

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

AY MCDONALD MFG CO Telephone no. bullet

(563) 583-7311

Located at bullet

4800 CHAVENELLE RDDUBUQUEIA ZIP+4 bullet

52002

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
SCOTT A KNAPP	PRESIDENT 0.00	0	0	0
1985 SIMPSON STREET DUBUQUE,IA52003	PRESIDENT 0.00	0	0	0
CHAD A HUNTINGTON	TREASURER 0.00	0	0	0
2493 HILTON SPRINGS DRIVE DUBUQUE,IA52002	TREASURER 0.00	0	0	0
MICHAEL D SULLIVAN	SECRETARY 0.00	0	0	0
1061 BONNIE COURT DUBUQUE,IA52003	SECRETARY 0.00	0	0	0
STEVE R TEFFT	DIRECTOR 0.00	0	0	0
2363 BRIARWOOD DRIVE ASBURY,IA52002	DIRECTOR 0.00	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...................				0

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)

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

7,348,390

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

244,249

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

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

7,592,639

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

7,592,639

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

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

113,890

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

7,478,749

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

373,937

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

373,937

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

17,262

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

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

17,262

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

356,675

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

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

356,675

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

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

356,675

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 ..........

567,337

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

567,337

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

567,337

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)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					356,675
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	12,379
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........		12,379
4Qualifying distributions for 2020 from Part
XII, line 4: $ 567,337
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					356,675
e Remaining amount distributed out of corpus		210,662
5 Excess distributions carryover applied to 2020.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		223,041
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					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) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		12,379
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		210,662
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....	210,662

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
WESTERN DUBUQUE SCHOOL DISTRICT 310 4TH STREET SW FARLEY,IA52046	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
WAHLERT CATHOLIC HIGH SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	250
VETERANS FREEDOM CENTER 2245 KERPER BLVD 1 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	1,000
UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	33,333
UNIVERSITY OF DUBUQUE 2000 UNIVERSITY AVE DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
UNITED WAY 215 W 6TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	11,250
UNITED WAY 215 W 6TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	11,250
UNITED WAY 215 W 6TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	11,250
UNITED WAY 215 W 6TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	11,250
TWO BY TWO 470 W 4TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
THE MIRACLE LEAGUE OF DUBUQUE 3409 DANIELS STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HEALTH	40,000
THE JOSEPH FUND OF CAMDEN 2907 FEDERAL STREET CAMDEN,NJ08105	NONE	PUBLIC CHARITY	HUMAN SERVICES	1,000
SVOIP 4990 RADFORD CT DUBUQUE,IA52002	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	200
SVDP 4990 RADFORD CT DUBUQUE,IA52002	NONE	PUBLIC CHARITY	HEALTH	250
STORY BOOK HILL 12201 N CASCADE ROAD DUBUQUE,IA52003	NONE	PUBLIC CHARITY	YOUTH SERVICES	100
STEEPLE SQUARE 101 E 15TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	20,000
ST ELIAS ORTHODOX CHURCH 419 N GRANDVIEW AVE DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	2,500
RIVERVIEW CENTER 1789 ELM STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	1,000
RIVER VALLEY INITIATIVE FOUNDATION 900 JACKSON STREET STE 109 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	3,190
OUTRUN THE RAYS 301 1ST STREET NE FARLEY,IA52046	NONE	PUBLIC CHARITY	HUMAN SERVICES	25,000
NICC 700 MAIN STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
NICC 700 MAIN STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
NATIONAL MS SOCIETY 2829 UNIVERSITY AVE SE STE 900 MINNEAPOLIS,MN55414	NONE	PUBLIC CHARITY	HEALTH	500
NATIONAL MISSISSIPPI RIVER MUSEUM 350 E 3RD STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	CULTURAL	125,000
MULTICULTURAL FAMILY CENTER 1157 CENTRAL AVE DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	1,000
MIRACLE LEAGUE OF DUBUQUE 3409 DANIELS STREET DUBUQUE,IA52002	NONE	PUBLIC CHARITY	HUMAN SERVICES	40,000
MENTOR DUBUQUE 2005 ASBURY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	250
MAKE A WISH IOWA 3009 100TH STREET URBANDALE,IA50322	NONE	PUBLIC CHARITY	HUMAN SERVICES	1,000
LORAS COLLEGE 1450 ALTA VISTA STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
KEY WEST FIREEMS ASSOCIATION 10640 LAKE ELEANOR ROAD DUBUQUE,IA52003	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	250
JUNIOR ACHIEVEMNET 900 JACKSON STREET LL5 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	5,000
JUNIOR ACHIEVEMENT OF THE HEARTLAND 900 JACKSON STREET LL5 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	5,000
JUNIOR ACHIEVEMENT 900 JACKSON STREET LL5 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	365
JUNIOR ACHIEVEMENT 900 JACKSON STREET LL5 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	250
IOWA MGIA PO BOX 875 DUBUQUE,IA52004	NONE	PUBLIC CHARITY	HEALTH	500
IOWA COLLEGE FOUNDATION 505 5TH AVE 1034 DES MOINES,IA50309	NONE	PUBLIC CHARITY	EDUCATIONAL	8,000
HOLY FAMILY CATHOLIC SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	500
HOLY FAMILY CATHOLIC SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
HOLY FAMILY CATHOLIC SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
HOLY FAMILY CATHOLIC SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	5,000
HOLY FAMILY CATHOLIC SCHOOL 2005 KANE STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
HILLS & DALES 1011 DAVIS STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	560
HILLCREST FAMILY SERVICES 2005 ASBURY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	2,000
HILL CREST FAMILY SERVICES 2005 ASBURY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	2,000
HABITAT FOR HUMANITY DUBUQUE AND JACKSON COUNTIES 900 JACKSON STREET SUITE LL5 2E DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HUMAN SERVICES	1,000
GRAND OPERA HOUSE 135 W 8TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	CULTURAL	5,000
FOUNDRY EDUCATION FOUNDATION 1695 N PENNY LN SCHAUMBURG,IL60173	NONE	PUBLIC CHARITY	EDUCATIONAL	20,000
EAST DUBUQUE FIRE DEPARTMENT 197 SINSINAWA AVE EAST DUBUQUE,IL61025	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	1,000
DUBUQUE WATER SPORTS CLUB PO BOX 3377 DUBUQUE,IA52004	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	200
DUBUQUE SYMPHONY ORCHESTRA 2728 ASBURY ROAD 900 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	CULTURAL	4,500
DUBUQUE MUSEUM OF ART 701 LOCUST STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	CULTURAL	20,000
DUBUQUE MAIN STREET 1069 MAIN STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	500
DUBUQUE COUNTY EARLY CHILDHOOD 2310 CHANEY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	500
DUBUQUE COMMUNITY SCHOOL DISTRICT 2300 CHANEY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	10,000
DUBUQUE ARTS COUNCIL 2728 ASBURY ROAD 220 DUBUQUE,IA52001	NONE	PUBLIC CHARITY	CULTURAL	500
DASH POOL EXPANSION PO BOX 1062 DUBUQUE,IA52004	NONE	PUBLIC CHARITY	YOUTH SERVICES	8,333
CLEVELAND CLINIC TRANSPLANT TEAM 9500 EUCLID AVE CLEVELAND,OH44195	NONE	PUBLIC CHARITY	HEALTH	500
CLARKE UNIVERSITY 1550 CLARKE DR DUBUQUE,IA52001	NONE	PUBLIC CHARITY	EDUCATIONAL	20,000
BOYS & GIRLS CLUB OF GREATER DUBUQUE 1299 LOCUST STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	1,000
BOYS & GIRLS CLUB OF GREATER DUBUQUE 1299 LOCUST STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	YOUTH SERVICES	250
AMERICAN RED CROSS 2400 ASBURY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HEALTH	5,000
AMERICAN RED CROSS 2400 ASBURY ROAD DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HEALTH	5,000
AMERICAN HEART ASSOCIATION 7272 GREENVILLE AVE DALLAS,TX75231	NONE	PUBLIC CHARITY	HEALTH	1,000
AMERICAN CANCER SOCIETY 2774 UNIVERSITY AVE D DUBUQUE,IA52001	NONE	PUBLIC CHARITY	HEALTH	1,000
1ST CONGRETIONAL CHURCH 255 W 10TH STREET DUBUQUE,IA52001	NONE	PUBLIC CHARITY	PUBLIC AFFAIRS	16,667
Total ................................. 3a				566,948

bApproved for future payment

Total ................................. 3b				0

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	6
4 Dividends and interest from securities....			14	157,656
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	1,129,568
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		1,287,230	0

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

1,287,230

(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 InvestmentsCorpBondsSchedule

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

Name of Bond	End of Year Book Value	End of Year Fair Market Value
	1,207,885	1,207,885

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

Name of Stock	End of Year Book Value	End of Year Fair Market Value
	5,592,825	5,592,825

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

US Government Securities - End of Year Book Value:

1,457,373

US Government Securities - End of Year Fair Market Value:

1,457,373

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

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

- TIN:

TY 2020 OtherDecreasesSchedule

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

Description	Amount
CHANGE IN UNREALIZED GAINS/(LOSSES)	291,942

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	45,503	45,114	0	389

- TIN:

TY 2020 TaxesSchedule

Name:

AY MCDONALD CHARITABLE FOUNDATION

EIN:

42-6119514

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	233	233	0	0