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
ESTHER & ROBERT ARMSTRONG CHARITABLE TR

Number and street (or P.O. box number if mail is not delivered to street address)6350 QUAIL RIDGE DRIVE SW
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CEDAR RAPIDS, IA52404

A Employer identification number

42-6503703

B Telephone number (see instructions)

(319) 396-7235

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

$4,479,996J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	80,009		80,009
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-40,013
b	Gross sales price for all assets on line 6a 1,314,774
7	Capital gain net income (from Part IV, line 2)...			0
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........	39,996		80,009
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		2,803	0	2,803
b	Accounting fees (attach schedule).......		4,148	2,074	2,074
c	Other professional fees (attach schedule)....		37,932	37,932	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,249	1,963	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		11	0	11
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	47,143		41,969	4,888
25	Contributions, gifts, grants paid.......	150,000			150,000
26	Total expenses and disbursements. Add lines 24 and 25	197,143		41,969	154,888
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-157,147
b	Net investment income (if negative, enter -0-)			38,040
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

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

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	75,037	216,349	216,349
	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)
	b	Investments—corporate stock (attach schedule).......	1,242,223	1,255,850	1,255,850
	c	Investments—corporate bonds (attach schedule).......	975,651	1,043,626	1,043,626
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,009,288	1,964,171	1,964,171
	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)	4,302,199	4,479,996	4,479,996
	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...........	4,302,199	4,479,996
	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........
	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).....	4,302,199	4,479,996
	30	Total liabilities and net assets/fund balances (see instructions).	4,302,199	4,479,996

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

4,302,199

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

-157,147

Other increases not included in line 2 (itemize) bullet

334,944

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

4,479,996

Decreases not included in line 2 (itemize) bullet

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

4,479,996

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
1 a	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	1,289,976	1,354,787	-64,811
b	24,798		24,798
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-64,811
b			24,798
c
d
e

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	-40,013
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

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	529
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	529
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	529
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	1,234
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	1,234
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	705
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax705	Refunded	11	0

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

CLIFTONLARSONALLEN LLP Telephone no. bullet

(319) 363-2697

Located at bullet

600 3RD AVENUE SE SUITE 300CEDAR RAPIDSIA ZIP+4 bullet

52401

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
RON OLSON	TRUSTEE/CHAIR 0.50	0	0	0
4019 WINDHAM WOODS COURT SE CEDAR RAPIDS,IA52403	TRUSTEE/CHAIR 0.50	0	0	0
CHARLES W GARDNER	TRUSTEE/VICE CHAIR 0.50	0	0	0
1650 KOEHLER DRIVE NW UNIT 247 CEDAR RAPIDS,IA52405	TRUSTEE/VICE CHAIR 0.50	0	0	0
BETTY J GOOD	TRUSTEE/TREASURER 0.50	0	0	0
6350 QUAIL RIDGE DRIVE SW CEDAR RAPIDS,IA52404	TRUSTEE/TREASURER 0.50	0	0	0
JAMES E WASTA	SECRETARY 0.20	0	0	0
1300 13TH STREET NW APARTMENT A201 CEDAR RAPIDS,IA52405	SECRETARY 0.20	0	0	0
SUSAN MCDERMOTT	TRUSTEE 0.50	0	0	0
2012 BLAKE BOULEVARD SE CEDAR RAPIDS,IA52403	TRUSTEE 0.50	0	0	0
STEPHEN ALLSOP	TRUSTEE 0.20	0	0	0
4275 PAR CIRCLE MARION,IA52302	TRUSTEE 0.20	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...................

3,916,966

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

210,934

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

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

4,127,900

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

4,127,900

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

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

61,919

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

4,065,981

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

203,299

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

203,299

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

529

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

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

529

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

202,770

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

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

202,770

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

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

202,770

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 ..........

154,888

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

154,888

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

154,888

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				202,770
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......			146,123
b Total for prior years:20, 20, 20		0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......
fTotal of lines 3a through e........	0
4Qualifying distributions for 2020 from Part
XII, line 4: $ 154,888
a Applied to 2019, but not more than line 2a			146,123
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.....				8,765
e Remaining amount distributed out of corpus	0
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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		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 ..........				194,005
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) ...	0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2016....
b Excess from 2017....
c Excess from 2018....
d Excess from 2019....
e Excess from 2020....

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNITED WAY OF EAST CENTRAL IOWA INC 317 7TH AVENUE SE 401 CEDAR RAPIDS,IA52401		PC	TO ASSIST QUALIFIED 501(C)(3) PUBLIC CHARITIES ACHIEVE THEIR CHARITABLE MISSION	25,000
YMCA OF THE CEDAR RAPIDS METROPOLITAN AREA 207 7TH AVENUE SE CEDAR RAPIDS,IA52401		PC	TO PROVIDE SUPPORT FOR THE NEW MARION YMCA BUILDING	100,000
CEDAR RAPIDS MUSEUM OF ART 410 3RD AVE SE CEDAR RAPIDS,IA52401		PC	TO PROVIDE SUPPORT FOR 125TH ANNIVERSARY EXHIBIT	25,000
Total ................................. 3a				150,000

bApproved for future payment
LINN COUNTY HISTORICAL MUSEUM ASSOCIATION THIS HISTORY CENTER 800 2ND AVE SE CEDAR RAPIDS,IA52403	PC	WEST GALLERY TEMPORARY EXHIBIT TO FEATURE ARMSTRONG ENTREPRENEURIAL CONTRIBUTION IN LINN COUNTY HISTORY	15,000
UNITED WAY OF EAST CENTRAL IOWA INC 317 7TH AVENUE SE 401 CEDAR RAPIDS,IA52401	PC	ANNUAL CAMPAIGN	25,000
COE COLLEGE 1220 FIRST AVE NE CEDAR RAPIDS,IA52402	PC	CHS-CENTER FOR HEALTH & SOCIETY [NEW PROGRAM]: MAIN FLOOR LOBBY BUILDING ADDITION TO PETERSON HALL OF SCIENCE & CHERRY AUDITORIUM	100,000
Total ................................. 3b			140,000

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 ...........
4 Dividends and interest from securities....			14	80,009
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	-40,013
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		39,996	0

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

39,996

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	4,148	2,074		2,074

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Name of Bond	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABORATORIES 22SH	23,854	23,854
AFLAC INC 19SH	20,989	20,989
AIR LEASE CORP 17SH	18,352	18,352
ALTRIA GROUP INC 17SH	18,351	18,351
AMAZON COM INC 19SH	20,562	20,562
AMER HONDA FINANCE CORP 16SH	17,108	17,108
AMERICAN ELECTRIC POWER CO 20SH	22,399	22,399
ANHEUSER-BUSCH 22SH	25,937	25,937
AON CORPORATION 15SH	18,102	18,102
APPLE INC 19SH	21,184	21,184
BANK OF NEW YORK MELLON CORP 19SH	20,782	20,782
BOSTON PPTYS LTD PARTNERSHIP 19SH	21,648	21,648
BROOKFIELD FIN INC 19SH	30,626	30,626
CATERPILLAR FIN SERVICES CORP 18SH	19,738	19,738
CITIGROUP INC 19SH	22,224	22,224
COMCAST CORP 25SH	27,505	27,505
CSX CORP 16SH	18,653	18,653
CVS HEALTH CORPORATION 25SH	28,205	28,205
DTE ENERGY CO 16SH	17,279	17,279
DUPONT DE NEMOURS INC 15SH	16,549	16,549
ECOLAB INC 16SH	18,157	18,157
ENBRIDGE, INC 27SH	29,688	29,688
ENTERGY CORP 17SH	18,738	18,738
EOG RESOURCES INC 16SH	16,697	16,697
ERP OPERATING LTD PARTNERSHIP 19SH	21,139	21,139
EXELON CORP 16SH	18,099	18,099
FEDEX CORP 16SH	17,875	17,875
FISERV CORP 16SH	20,553	20,553
GENERAL MOTORS CO 18SH	21,418	21,418
HOME DEPOT INC 21SH	25,267	25,267
JP MORGAN CHASE & CO 19SH	21,585	21,585
KINDER MORGAN ENERGY PARTNERS 15SH	16,752	16,752
LINCOLN NATIONAL CORP 22SH	25,451	25,451
LOCKHEED MARTIN CORP 18SH	20,446	20,446
LOWES COMPANIES INC 18SH	21,005	21,005
LYB INTL FINANCE LLL LLC 29SH	29,508	29,508
NEWMONT GOLDCORP CORPORATION 3SH	3,173	3,173
NORTHROP GRUMANN CORP 23SH	26,009	26,009
ORACLE CORP 26SH	28,555	28,555
PEPSICO INC 20SH	21,770	21,770
PFIZER INC 19SH	20,879	20,879
REALTY INCOME CORP 17SH	18,810	18,810
REPUBLIC SERVICES INC 18SH	20,413	20,413
SCHWAB CORP 16SH	16,761	16,761
SIMON PROPERTY GROUP LP 16SH	17,880	17,880
TOYOTA MOTOR CREDIT CORP 16SH	17,974	17,974
UNITED PARCEL SERVICE INC 18SH	20,971	20,971
VERIZON COMMUNICATIONS 17SH	20,043	20,043
WALT DISNEY COMPANY 20SH	21,007	21,007
WELLS FARGO & COMPANY 16SH	16,956	16,956

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ALLSTATE CORP 144SH	15,830	15,830
AMDOCS LTD 224SH	15,888	15,888
AMERICAN ELECTRIC POWER CO INC 169SH	14,073	14,073
AT&T INC 348SH	10,008	10,008
BCE INCE 329SH	14,081	14,081
BERKSHIRE HATHAWAY INC 69SH	15,999	15,999
CANON INC 557SH	10,811	10,811
CHECK POINT SOFTWARE 139SH	18,474	18,474
CHUBB LIMITED 101SH	15,546	15,546
CITRIX SYSTEMS INC 77SH	10,018	10,018
CLOROX CO 70SH	14,134	14,134
DOMINION ENERGY INC 193SH	14,514	14,514
DUKE ENERGY CORP 174SH	15,931	15,931
ELI LILLY AND COMPANY 90SH	15,196	15,196
GLAXOSMITHKLINE 309SH	11,371	11,371
INFOSYS LTD 1,552SH	26,306	26,306
INTEL CORP 273SH	13,601	13,601
JOHNSON & JOHNSON 107SH	16,840	16,840
KIMBERLY CLARK CORP 115SH	15,505	15,505
LOCKHEED MARTIN CORP 40SH	14,199	14,199
MCCORMICK & COMPANY INC 186SH	17,782	17,782
MCDONALD'S CORPORATION 79SH	16,952	16,952
MERCK & CO INC 177SH	14,479	14,479
MICROSOFT CORP 72SH	16,014	16,014
MUNICH REINSURANCE 534SH	15,865	15,865
NESTLE SA 149SH	17,552	17,552
NIPPON TEL & TEL CORP 616SH	15,831	15,831
NOVARTIS AG 169SH	15,959	15,959
NOVO NORDISK A/S 219SH	15,297	15,297
ORACLE CORP 275SH	17,790	17,790
PFIZER INC 477SH	17,558	17,558
PROCTER & GAMBLE CO 126SH	17,532	17,532
REPUBLIC SERVICES INC 121SH	11,652	11,652
ROCHE HOLDINGS AG 408SH	17,887	17,887
SANOFI 312SH	15,160	15,160
SOUTHERN CO 235SH	14,436	14,436
TARGET CORP 128SH	22,596	22,596
TELLUS CORP 828SH	16,394	16,394
THOMSON-REUTERS CORP 217SH	17,770	17,770
TORONTO-DOMINION BANK 278SH	15,685	15,685
TOTAL SA 293SH	12,280	12,280
TOYOTA MOTOR CORP 110SH	17,003	17,003
UNILEVER PLC 254SH	15,331	15,331
UNITEDHEALTH GROUP, INC 48SH	16,833	16,833
US BANCORP 260SH	12,113	12,113
VERIZON COMMUNICATIONS 264SH	15,510	15,510
WALMART INC 131SH	18,884	18,884
WEC ENERGY GROUP INC 174SH	16,013	16,013
XCEL ENERGY INC 250SH	16,668	16,668
ZURICH INSURANCE GROUP 389SH	16,424	16,424
CORE LABORATORIES 82SH	2,174	2,174
ADVANCED ENERGY 67SH	6,497	6,497
ALBANY INTL CORP 116SH	8,517	8,517
ALTRA INDL MOTION CORP 181SH	10,033	10,033
CMC MATLS INC COM 86SH	13,012	13,012
CABOT MICROELECTRONICS CORP 161SH	7,226	7,226
CASELLA WASTE SYSTEMS INC 210SH	13,010	13,010
CATALENT INC 177SH	18,420	18,420
COHERENT INC 38SH	5,701	5,701
CONMED CORP COM 80SH	8,960	8,960
CRACKER BARREL OLD CTRY STORE 50SH	6,596	6,596
DMC GLOBAL INC 93SH	4,022	4,022
DARLING INGREDIENTS INC 347SH	20,015	20,015
EATON VANCE CORP 34SH	2,310	2,310
EMERGENT BIOSOLUTIONS INC 91SH	8,154	8,154
ENERSYS 113SH	9,386	9,386
ENTEGRIS INC COM 179SH	17,202	17,202
ENTERPRISE FINANCIAL SERVICES CORP 134SH	4,683	4,683
FLIR SYSTEMS INC 138SH	6,049	6,049
FIRST MERCHANTS CORP 206SH	7,706	7,706
FIRSTCASH INC 132SH	9,245	9,245
FORMFACTOR INC 372SH	16,003	16,003
FRANKLIN ELECTRIC INC 166SH	11,489	11,489
GATX CORP 96SH	7,985	7,985
HEARTLAND FINANCIAL USA INC 107SH	4,320	4,320
HEXCEL CORP 182SH	8,825	8,825
HORACE MANN EDUCATORS CORP 111SH	4,666	4,666
HOLIHAN LOKEY INC 177SH	11,900	11,900
LITTELFUSE INC 44SH	11,205	11,205
MANTECH INTERNATIONAL CORP 118SH	10,495	10,495
MERITAGE HOMES CORP 87SH	7,205	7,205
MOLINA HEALTHCARE INC 50SH	10,634	10,634
MONOLITHIC POWER SYSTEMS INC 45SH	16,480	16,480
MOOG INC 67SH	5,313	5,313
MYRIAD GENETICS INC 262SH	5,181	5,181
PLEXUS CORP COM 96SH	7,508	7,508
RAYMOND JAMES FINANCIAL INC 78SH	7,462	7,462
REINSURANCE GROUP 60SH	6,954	6,954
RYDER SYS INC COM 111SH	6,855	6,855
SABRE CORP COM 579SH	6,960	6,960
SANMINA CORP 309SH	9,854	9,854
THE SCOTTS MIRACLE GROW HOLDING COMPANY 77SH	15,334	15,334
SOUTH ST CORP 79SH	5,712	5,712
STEELCASE INC 531SH	7,195	7,195
STIFEL FINANCIAL CORP 129SH	6,509	6,509
TELEDYNE TECHNOLOGIES INC 38SH	14,895	14,895
TIMKEN CO 151SH	11,681	11,681
TRUSTMARK CORP 173SH	4,725	4,725
UNITED BANKSHARES INC 162SH	5,249	5,249
UNITED FIRE GROUP INC 116SH	2,912	2,912
WOLVERINE WORLD WIDE INC 226SH	7,063	7,063
CORPORATE OFFICE PPTYS 290SH	7,563	7,563
PEBBLEBROOK HOTEL 385SH	7,238	7,238
STAG INDL INC COM 255SH	7,987	7,987

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES 1,744SH	FMV	96,216	96,216
VANGUARD 3,473 SH	FMV	70,000	70,000
SELECT SECTOR SPDR TRUST 526SH	FMV	38,077	38,077
SELECT SECTOR SPDR TRUST 575SH	FMV	65,228	65,228
SELECT SECTOR SPDR TRUST 523SH	FMV	35,276	35,276
SELECT SECTOR SPDR TRUST 358SH	FMV	57,559	57,559
SELECT SECTOR SPDR TRUST 817SH	FMV	30,964	30,964
SELECT SECTOR SPDR TRUST 1,789SH	FMV	52,740	52,740
SELECT SECTOR SPDR TRUST 499SH	FMV	44,186	44,186
SELECT SECTOR SPDR TRUST 724SH	FMV	94,134	94,134
SELECT SECTOR SPDR TRUST 859SH	FMV	57,965	57,965
SELECT SECTOR SPDR TRUST 337SH	FMV	12,321	12,321
SELECT SECTOR SPDR TRUST 437SH	FMV	27,400	27,400
NORTHERN LIGHTS 2,026.178SH	FMV	27,212	27,212
NORTHERN LIGHTS 422.952SH	FMV	5,680	5,680
MANAGER DIRECTED PORTFOLOIOS HARDMAN JOHNSTON 25,763.359SH	FMV	343,683	343,683
DFA 12,457.276SH	FMV	345,689	345,689
LEGG MASON 7,658.204SH	FMV	519,533	519,533
SPDR S&P 500 14SH	FMV	40,308	40,308

- TIN:

TY 2020 LegalFeesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	2,803	0		2,803

- TIN:

TY 2020 OtherExpensesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
SUPPLIES	11	0		11

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Description	Amount
UNREALIZED GAIN ON INVESTMENTS	334,944

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	37,932	37,932		0

- TIN:

TY 2020 TaxesSchedule

Name:

ESTHER & ROBERT ARMSTRONG CHARITABLE TR

EIN:

42-6503703

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
IRS EXCISE TAXES	286	0		0
FOREIGN TAXES	1,963	1,963		0