Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 05-01-2020 , and ending 04-30-2021
Name of foundation
ROY J CARVER CHARITABLE TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)202 IOWA AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MUSCATINE, IA527613733
A Employer identification number

42-1186589
B Telephone number (see instructions)

(563) 263-4010
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$407,700,440J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,334 2,334  
4 Dividends and interest from securities... 4,730,093 7,243,380  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 12,341,998
b Gross sales price for all assets on line 6a 54,362,063
7 Capital gain net income (from Part IV, line 2)... 13,304,856
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 19,654 5,063,019  
12 Total. Add lines 1 through 11........ 17,094,079 25,613,589  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 518,416 26,750   491,666
14 Other employee salaries and wages...... 488,775 5,448   483,327
15 Pension plans, employee benefits....... 244,765 2,789   241,976
16a Legal fees (attach schedule)......... Click to see attachment 6,991 1,398   5,593
b Accounting fees (attach schedule)....... Click to see attachment 34,400 6,880   27,520
c Other professional fees (attach schedule).... Click to see attachment 1,102,131 1,095,027   7,083
17 Interest...............   14,384    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 163,615 193,844   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 67,236 13,447  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 881 0   881
22 Printing and publications.......... 1,514 0   1,514
23 Other expenses (attach schedule)....... Click to see attachment 127,767 944,745   102,375
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,756,491 2,304,712   1,361,935
25 Contributions, gifts, grants paid....... 16,167,514 16,167,514
26 Total expenses and disbursements. Add lines 24 and 25 18,924,005 2,304,712   17,529,449
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,829,926
b Net investment income (if negative, enter -0-) 23,308,877
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 4,000 4,000 4,000
2 Savings and temporary cash investments......... 3,054,727 5,437,346 5,437,346
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 7,089,923 Click to see attachment13,722,144 13,810,957
b Investments—corporate stock (attach schedule)....... 57,441,534 Click to see attachment57,260,504 105,389,705
c Investments—corporate bonds (attach schedule)....... 30,063,978 Click to see attachment28,248,374 29,976,832
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans............. 14,067,937 11,223,450 11,469,865
13 Investments—other (attach schedule).......... 119,593,253 Click to see attachment113,618,928 239,730,395
14 Land, buildings, and equipment: basis bullet3,000,868
Less: accumulated depreciation (attach schedule) bullet1,682,206 1,378,872 Click to see attachment1,318,662 1,318,662
15 Other assets (describe bullet) Click to see attachment730,758 Click to see attachment562,678 Click to see attachment562,678
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 233,424,982 231,396,086 407,700,440
Liabilities 17 Accounts payable and accrued expenses.......... 74,719 42,841
18 Grants payable................. 40,160,952 35,293,639
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment720,000 Click to see attachment2,451,000
23 Total liabilities (add lines 17 through 22)......... 40,955,671 37,787,480
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 192,469,311 193,608,606
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 192,469,311 193,608,606
30 Total liabilities and net assets/fund balances (see instructions). 233,424,982 231,396,086
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
192,469,311
2
Enter amount from Part I, line 27a .....................
2
-1,829,926
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,969,221
4
Add lines 1, 2, and 3 ..........................
4
193,608,606
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
193,608,606
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES - NORTHERN TRUST - GALLIARD      
b PUBLICLY TRADED SECURITIES - NORTHERN TRUST - INVESTMENT COMMITTEE      
c PUBLICLY TRADED SECURITIES - NORTHERN TRUST - IWF      
d PUBLICLY TRADED SECURITIES - NORTHERN TRUST - IWR      
e PUBLICLY TRADED SECURITIES - NORTHERN TRUST - LSV      
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - SCZ      
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - SMITH GRAHAM & CO      
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - ACADIAN      
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - ADAMS STREET      
ACADIAN INTERNATIONAL ALL-CAP FUND      
ADAMS STREET 2009 DIRECT FUND LP      
ADAMS STREET 2013 GLOBAL FUND LP      
ADAMS STREET CO-INVESTMENT FUND IIIA LP      
ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP      
ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP      
THE EMERGING WORLD INVESTORS LP      
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 23,537,325   23,472,792 64,533
b 244   25 219
c 2,700,234   648,754 2,051,480
d 2,200,106   735,564 1,464,542
e 6,661,370   4,707,900 1,953,470
600,084   339,254 260,830
15,024,342   10,182,929 4,841,413
1,057,248   1,057,248 0
2,565,780   2,565,780 0
      1,721,357
      11,735
      606,093
      389,991
      -21,571
      106,687
      -42,189
      252,763
      105,073
      41,626
      374,130
      -892,656
15,330     15,330
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       64,533
b       219
c       2,051,480
d       1,464,542
e       1,953,470
      260,830
      4,841,413
      0
      0
      1,721,357
      11,735
      606,093
      389,991
      -21,571
      106,687
      -42,189
      252,763
      105,073
      41,626
      374,130
      -892,656
      15,330
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 13,304,856
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 323,993
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........................... 3 323,993
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- ..... 5 323,993
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 284,059
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 45,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 329,059
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,066
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,066 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletIA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletCARVERTRUST.ORG
    14
    The books are in care ofbulletDR TROY ROSS Telephone no.bullet (563) 263-4010

    Located atbullet202 IOWA AVENUEMUSCATINEIA ZIP+4bullet527613733
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN A CARVER TRUSTEE
    2.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    ROY J CARVER JR TRUSTEE/CHAIRMAN
    4.00     		23,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    WILLARD L BOYD TRUSTEE
    1.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    J LARRY GRIFFITH TRUSTEE/VICE CHAIRMAN
    4.00     		22,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    TROY K ROSS CHIEF EXECUTIVE OFFICER
    40.00     		384,666 59,717 862
    202 IOWA AVENUE
    MUSCATINE,IA52761
    D SCOTT INGSTAD TRUSTEE
    2.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    DAVID M UTLEY TRUSTEE/SECRETARY
    2.00     		20,600 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MARTIN G CARVER TRUSTEE
    2.00     		5,150 0 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    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
    LYNNE M SASMAZER PROGRAM DIRECTOR
    40.00     		174,204 32,183 47
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA K DEAN EXECUTIVE ASSISTANT
    27.00     		81,247 8,594 271
    202 IOWA AVENUE
    MUSCATINE,IA52761
    LINDA B MUMEY PROGRAM ASST/SEC
    40.00     		63,001 8,667 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    MICHELLE L ELIAS FINANCE DIRECTOR
    40.00     		60,777 10,250 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    ERIN L VAN HOOK EXEC ASST & FIN DIR
    40.00     		50,295 4,882 0
    202 IOWA AVENUE
    MUSCATINE,IA52761
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    SMITH GRAHAM & CO ASSET MANAGEMENT 395,493
    600 TRAVIS STREET
    HOUSTON,TX77002
    ACADIAN ASSET MANAGEMENT ASSET MANAGEMENT 257,248
    1 POST OFFICE SQUARE
    BOSTON,MA02109
    LSV ASSET MANAGEMENT ASSET MANAGEMENT 185,858
    155 NORTH WACKER DRIVE SUITE 4600
    CHICAGO,IL60606
    GALLIARD CAPITAL MANAGEMENT ASSET MANAGEMENT 110,675
    800 LASALLE AVENUE SUITE 1100
    MINNEAPOLIS,MN55402
    NORTHERN TRUST ASSET MANAGEMENT 83,879
    50 SOUTH LASALLE STREET
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet1
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    343,748,079
    b
    Average of monthly cash balances.......................
    1b
    946,410
    c
    Fair market value of all other assets (see instructions)................
    1c
    769,472
    d
    Total (add lines 1a, b, and c).........................
    1d
    345,463,961
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    345,463,961
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,181,959
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    340,282,002
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    17,014,100
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    17,014,100
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    323,993
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    323,993
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,690,107
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    19,654
    5
    Add lines 3 and 4............................
    5
    16,709,761
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    16,709,761
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    17,529,449
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    1,969
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    17,531,418
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    17,531,418
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 16,709,761
    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...... 1,418,720
    b From 2016...... 1,423,334
    c From 2017...... 1,156,852
    d From 2018...... 1,585,559
    e From 2019...... 1,628,860
    fTotal of lines 3a through e........ 7,213,325
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 17,531,418
    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..... 16,709,761
    e Remaining amount distributed out of corpus 821,657
    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 8,034,982
    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) ...     		1,418,720
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		6,616,262
    10 Analysis of line 9:
    a Excess from 2016.... 1,423,334
    b Excess from 2017.... 1,156,852
    c Excess from 2018.... 1,585,559
    d Excess from 2019.... 1,628,860
    e Excess from 2020.... 821,657
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ROY J CARVER CHARITABLE TRUST
    202 IOWA AVENUE
    MUSCATINE,IA527613733
    (563) 236-4010
    bThe form in which applications should be submitted and information and materials they should include:
    SUBMIT A WRITTEN OR ELECTRONIC LETTER OF INQUIRY BEFORE SUBMISSION OF A FORMAL REQUEST. INCLUDE THE FOLLOWING INFORMATION: 1. A BRIEF BACKGROUND ON YOUR ORGANIZATION, INCLUDING A HISTORY OF ITS EXISTENCE, THE SIZE OF STAFF AND BOARD AND THE TYPE OF SERVICE PROVIDED. 2. A DESCRIPTION OF THE PROJECT, WHAT IT IS DESIGNED TO ACHIEVE, AND HOW THIS WILL BE ACCOMPLISHED. 3. A PROPOSED BUDGET FOR THE TOTAL COST OF THE PROJECT AND THE AMOUNT YOU INTEND TO REQUEST FROM THE TRUST. 4. A STATEMENT DESCRIBING WHY PARTICIPATION OF THE CARVER TRUST IS VITAL TO THE SUCCESS OF THE PROJECT. INDICATE PAST HISTORY WITH THE TRUST.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RECIPIENT MUST QUALIFY AS AN EXEMPT CHARITABLE, EDUCATIONAL, OR SCIENTIFIC ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN RED CROSS
    1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC IOWA DERECHO RELIEF EFFORTS 10,000
    BONDURANT COMMUNITY LIBRARY
    104 2ND STREET NE
    BONDURANT,IA50035     		NONE PC LIBRARY EXPANSION 60,000
    BRIAR CLIFF UNIVERSITY
    3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 8,000
    BUENA VISTA UNIVERSITY
    610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CENTRAL COLLEGE
    812 UNIVERSITY
    PELLA,IA50219     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CHILDREN'S THERAPY CENTER OF THE QUAD CITIES
    4450 48TH AVENUE COURT
    ROCK ISLAND,IL61201     		NONE PC FACILITY IMPROVEMENTS 14,120
    CITY OF CONESVILLE
    PO BOX 10
    CONESVILLE,IA52739     		NONE GOV ASSIST WITH AN ADDITION TO THE FIRE STATION 19,837
    CITY OF DURANT
    402 6TH STREET
    DURANT,IA52747     		NONE GOV BASEBALL FIELD LIGHTING AT JAYCEE PARK 15,000
    CLARKE UNIVERSITY
    1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    COE COLLEGE
    1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    COE COLLEGE
    1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC DEVELOP AN ANATOMICAL SIMULATION LABORATORY 140,000
    CONSERVATION CORPS MINNESOTA & IOWA
    60 PLATO BLVD E SUITE 210
    SAINT PAUL,MN55107     		NONE PC BIOLOGICAL SURVEY PROGRAM IN IOWA 30,000
    CORNELL COLLEGE
    600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DORDT COLLEGE
    498 4TH AVENUE NE
    SIOUX CENTER,IA51250     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC RENOVATE A MAJOR CAMPUS BUILDING 150,000
    DRAKE UNIVERSITY
    2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DURANT PARENT TEACHER ORGANIZATION
    408 7TH STREET
    DURANT,IA52747     		NONE PC PLAYGROUND IMPROVEMENTS 12,182
    ELMA PUBLIC LIBRARY
    710 BUSTI AVENUE
    ELMA,IA50628     		NONE PC NEW BUILDING CONSTRUCTION 60,000
    EULENSPIEGEL PUPPET THEATRE CO
    319 NORTH CALHOUN STREET
    WEST LIBERTY,IA52776     		NONE PC DEVELOP AN OUTDOOR PUPPET SHOW 10,000
    FOUR OAKS FAMILY AND CHILDREN'S SERVICES
    1924 D STREET SW
    CEDAR RAPIDS,IA52404     		NONE PC UPDATE INFORMATION TECHNOLOGY 225,000
    GRACELAND UNIVERSITY
    1 UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRAND VIEW UNIVERSITY
    1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRINNELL COLLEGE
    1115 8TH AVENUE
    GRINNELL,IA50112     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    IOWA PUBLIC RADIO
    2111 GRAND AVENUE SUITE 100
    DES MOINES,IA50312     		NONE PC REPORTING IN MEDICINE AND HEALTH 30,000
    IOWA SCHOOL FOR THE DEAF
    3501 HARRY LANGDON BLVD
    COUNCIL BLUFFS,IA51503     		NONE SO III FI PURCHASE NEW DORMITORY FURNISHINGS 134,525
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 245,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV PURCHASE A SUPER RESOLUTION MICROSCOPE 400,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ACQUIRE STATE-OF-THE-ART BIOLOGICAL TYPING AND ANALYSIS SYSTEM 243,585
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEVELOP SALIVA-BASED DIAGNOSTIC TESTS FOR SARS-COV-2 209,508
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEPT OF GENETICS - DEVELOPMENT & CELL BIOLOGY 102,281
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV CREATE A DIGITAL SCHOLARSHIP LABORATORY 225,000
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION 108,122
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 84,416
    LORAS COLLEGE
    1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    LUTHER COLLEGE
    700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC SIMULATION EQUIPMENT FOR NURSING INSTRUCTION 200,000
    MARION PUBLIC LIBRARY
    1064 7TH AVENUE
    MARION,IA52302     		NONE PC CONSTRUCT A NEW BUILDING 60,000
    MORNINGSIDE COLLEGE
    1501 MORNINGSIDE AVENUE
    SIOUX CITY,IA51106     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 8,000
    MOUNT MERCY UNIVERSITY
    1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    MUSCATINE CENTER FOR SOCIAL ACTION
    312 IOWA AVENUE
    MUSCATINE,IA52761     		NONE PC RENOVATE HOUSING PROPERTIES 100,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV ARTIFICAL TURF 1,000,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT
    2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV 2021 EXCELLENCE IN EDUCATION PROGRAM 77,646
    NATIONAL CZECH AND SLOVAK MUSEUM & LIBRARY
    1400 INSPIRATION PLACE SW
    CEDAR RAPIDS,IA52404     		NONE PC IMPROVE MUSEUM ACCESSIBILITY 47,470
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM
    350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC RENOVATE EXHIBIT GALLERY 300,000
    NORTHWESTERN COLLEGE
    101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    QUAD CITIES CHAMBER FOUNDATION
    331 WEST 3RD STREET SUITE 100
    DAVENPORT,IA52801     		NONE PC QUAD CITIES SCHOOL-HELP RESOURCE LINK 20,043
    RIVER BEND FOOD RESERVOIR
    4010 KIMMEL DRIVE
    DAVENPORT,IA52802     		NONE PC ASSIST PANDEMIC-RELATED FOOD DISTRIBUTION 200,000
    RIVER BEND FOODBANK
    4010 KIMMEL DRIVE
    DAVENPORT,IA52802     		NONE PC FACILITY EXPANSION 500,000
    ROY R ESTLE MEMORIAL LIBRARY
    1308 WALNUT STREET
    DALLAS CENTER,IA50063     		NONE PC EXPAND THE LIBRARY 60,000
    SIMPSON COLLEGE
    701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC CLASSROOM RENOVATION 115,000
    SIMPSON COLLEGE
    701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    ST AMBROSE UNIVERSITY
    518 WEST LOCUST STREET
    DAVENPORT,IA52803     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    TANAGER PLACE
    2309 C STREET SW
    CEDAR RAPIDS,IA52404     		NONE PC SUPPORT EXPANSION OF CAMP TANAGER 200,000
    TWO RIVERS YMCA
    2040 53RD STREET
    MOLINE,IL61265     		NONE PC BUILDING RENOVATION 500,000
    UNIVERSITY OF DUBUQUE
    2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV ADVANCED INSTRUMENTATION FOR HIGH-THROUGHPUT CELL ANALYSIS 477,520
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV SUPPORT RESEARCH OF PROTEIN STRUCTURE, CONFORMATION AND FUNCTION 114,214
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV PURCHASE OF NMR ELECTRONIC CONSOLE 463,000
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - STUDY OF A READING INTERVENTION FOR ELEMENTARY STUDENTS 85,520
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - DEVELOP COVID-19 TESTING TECHNIQUE 50,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - ENDOWMENT FOR IVR GENE THERAPY LAB - DR BUDD TUCKER 500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV ENGINEERING - MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BME 1,500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - FUND A CORONAVIRUS RESEARCH PILOT GRANT PROGRAM 1,000,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV OFC OF VP OF RESEARCH - ACQUIRE LASER-SCANNING CONOFOCAL MICROSCOPE 600,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CHEMISTRY - DEVELOP NEW UNDERGRADUATE CURRICULA IN CHEMISTRY 62,493
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV STATE HYGIENIC LABORATORY - ACQUIRE A RESPIRATOR-TESTING INSTRUMENT 109,592
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - EFMS TO TREAT TYPE II DIABETES - DR VAL SHEFFIELD 166,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV IIHR - INSTRUCTIONAL KITS FOR ENGINEERING COURSEWORK 17,352
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV LIBRARIES - ENHANCED ACCESS TO JOURNAL LITERATURE 247,955
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV LIBRARIES - PURCHASE TECHNOLOGY FOR TRAINING AND EDUCATION IN ANATOMY 23,162
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - DIRECT THE 2020 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 3,100,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV ACQUIRE SIMULATION EQUIPMENT TO STUDY SWALLOWING AND FEEDING DISORDERS 85,883
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CENTER FOR ENERGY AND ENV. ED. - DEVELOP EDUCATIONAL PROGRAM IN PUBLIC HEALTH 61,088
    UPPER IOWA UNIVERSITY
    605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC SUPPORT THE DEVELOPMENT OF A HUMAN PERFORMANCE LABORATORY 170,000
    WARTBURG COLLEGE
    100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    YOUTH SPORTS FOUNDATION
    2923 CEDAR STREET 3
    MUSCATINE,IA52761     		NONE PC GENERAL FUNDS 25,000
    YSS FRANCIS LAUER
    50 NORTH EISENHOWER AVENUE
    MASON CITY,IA50401     		NONE PC ASSIST WITH FACILITY IMPROVEMENTS 90,000
    YWCA OF THE QUAD CITIES
    229 16TH STREET
    ROCK ISLAND,IL61201     		NONE PC CONSTRUCT A NEW FACILITY 500,000
    Total .................................bullet 3a 16,167,514
    bApproved for future payment
    CONSERVATION CORPS MINNESOTA & IOWA
    60 PLATO BLVD E SUITE 210
    SAINT PAUL,MN55107     		NONE PC SUPPORT THE DEVELOPMENT OF A BIOLOGICAL SURVEY PROGRAM IN IOWA 30,000
    IOWA STATE UNIVERSITY FOUNDATION
    2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION IN CHILDREN WHO ARE IMMUNOCOMPROMISED DUE TO NUTRITIONAL DEFICIENCY 147,169
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY A BIOCHEMICAL MECHANISM INVOLVED IN THE FORMATION OF MATURE BLOOD CELLS 279,104
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 84,416
    IOWA STATE UNIVERSITY
    2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEVELOP TECHNOLOGY FOR SALIVA-BASED DIAGNOSTIC TESTS FOR SARS-COV-2 AND EBOLA VIRUSES 91,285
    UNIVERSITY OF ILLINOIS
    1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV SUPPORT RESEARCH INTO THE RELATIONSHIP BETWEEN PROTEIN STRUCTURE, CONFORMATION AND BIOLOGICAL FUNTION 204,309
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DIRECT THE 2021 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 27,750,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DIRECT THE 2021 GIFT PAYOUT FOR A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING 7,500,000
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DEVELOP A NEW UNDERGRADUATE CURRICULA IN CHEMISTY 65,803
    UNIVERSITY OF IOWA
    PO BOX 4550
    IOWA CITY,IA52244     		NONE GOV SUPPORT RESEARCH ON THE USE OF ELECTROMAGNETIC FIELDS TO TREAT TYPE 2 DIABETES 332,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    UNIVERSITY OF NORTHERN IOWA
    1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV DEVELOP EDUCATIONAL PROGRAMMING IN PUBLIC HEALTH SCIENCE AND COMMUNITY ENGAGEMENT 62,463
    Total .................................bullet 3b 37,649,049
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,334  
    4 Dividends and interest from securities....     14 4,730,093  
    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 12,341,998  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT RECOVERIES     		    01 19,654  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 17,094,079 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    17,094,079
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 3 - Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AMERICAN RED CROSS1100 RIVER DRIVE
    MOLINE,IL61265     		NONE PC IOWA DERECHO RELIEF EFFORTS 10,000
    BONDURANT COMMUNITY LIBRARY104 2ND STREET NE
    BONDURANT,IA50035     		NONE PC LIBRARY EXPANSION 60,000
    BRIAR CLIFF UNIVERSITY3303 REBECCA STREET
    SIOUX CITY,IA51104     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 8,000
    BUENA VISTA UNIVERSITY610 WEST 4TH STREET
    STORM LAKE,IA50588     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CENTRAL COLLEGE812 UNIVERSITY
    PELLA,IA50219     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    CHILDREN'S THERAPY CENTER OF THE QUAD CITIES4450 48TH AVENUE COURT
    ROCK ISLAND,IL61201     		NONE PC FACILITY IMPROVEMENTS 14,120
    CITY OF CONESVILLEPO BOX 10
    CONESVILLE,IA52739     		NONE GOV ASSIST WITH AN ADDITION TO THE FIRE STATION 19,837
    CITY OF DURANT402 6TH STREET
    DURANT,IA52747     		NONE GOV BASEBALL FIELD LIGHTING AT JAYCEE PARK 15,000
    CLARKE UNIVERSITY1550 CLARKE DRIVE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    COE COLLEGE1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    COE COLLEGE1220 1ST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE PC DEVELOP AN ANATOMICAL SIMULATION LABORATORY 140,000
    CONSERVATION CORPS MINNESOTA & IOWA60 PLATO BLVD E SUITE 210
    SAINT PAUL,MN55107     		NONE PC BIOLOGICAL SURVEY PROGRAM IN IOWA 30,000
    CORNELL COLLEGE600 1ST STREET SW
    MOUNT VERNON,IA52314     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DORDT COLLEGE498 4TH AVENUE NE
    SIOUX CENTER,IA51250     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DRAKE UNIVERSITY2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC RENOVATE A MAJOR CAMPUS BUILDING 150,000
    DRAKE UNIVERSITY2507 UNIVERSITY AVENUE
    DES MOINES,IA50311     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    DURANT PARENT TEACHER ORGANIZATION408 7TH STREET
    DURANT,IA52747     		NONE PC PLAYGROUND IMPROVEMENTS 12,182
    ELMA PUBLIC LIBRARY710 BUSTI AVENUE
    ELMA,IA50628     		NONE PC NEW BUILDING CONSTRUCTION 60,000
    EULENSPIEGEL PUPPET THEATRE CO319 NORTH CALHOUN STREET
    WEST LIBERTY,IA52776     		NONE PC DEVELOP AN OUTDOOR PUPPET SHOW 10,000
    FOUR OAKS FAMILY AND CHILDREN'S SERVICES1924 D STREET SW
    CEDAR RAPIDS,IA52404     		NONE PC UPDATE INFORMATION TECHNOLOGY 225,000
    GRACELAND UNIVERSITY1 UNIVERSITY PLACE
    LAMONI,IA50140     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRAND VIEW UNIVERSITY1200 GRANDVIEW AVENUE
    DES MOINES,IA50316     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    GRINNELL COLLEGE1115 8TH AVENUE
    GRINNELL,IA50112     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    IOWA PUBLIC RADIO2111 GRAND AVENUE SUITE 100
    DES MOINES,IA50312     		NONE PC REPORTING IN MEDICINE AND HEALTH 30,000
    IOWA SCHOOL FOR THE DEAF3501 HARRY LANGDON BLVD
    COUNCIL BLUFFS,IA51503     		NONE SO III FI PURCHASE NEW DORMITORY FURNISHINGS 134,525
    IOWA STATE UNIVERSITY FOUNDATION2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 245,000
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV PURCHASE A SUPER RESOLUTION MICROSCOPE 400,000
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV ACQUIRE STATE-OF-THE-ART BIOLOGICAL TYPING AND ANALYSIS SYSTEM 243,585
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEVELOP SALIVA-BASED DIAGNOSTIC TESTS FOR SARS-COV-2 209,508
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEPT OF GENETICS - DEVELOPMENT & CELL BIOLOGY 102,281
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV CREATE A DIGITAL SCHOLARSHIP LABORATORY 225,000
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION 108,122
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 84,416
    LORAS COLLEGE1450 ALTA VISTA STREET
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    LUTHER COLLEGE700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    LUTHER COLLEGE700 COLLEGE DRIVE
    DECORAH,IA52101     		NONE PC SIMULATION EQUIPMENT FOR NURSING INSTRUCTION 200,000
    MARION PUBLIC LIBRARY1064 7TH AVENUE
    MARION,IA52302     		NONE PC CONSTRUCT A NEW BUILDING 60,000
    MORNINGSIDE COLLEGE1501 MORNINGSIDE AVENUE
    SIOUX CITY,IA51106     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 8,000
    MOUNT MERCY UNIVERSITY1330 ELMHURST DRIVE NE
    CEDAR RAPIDS,IA52402     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    MUSCATINE CENTER FOR SOCIAL ACTION312 IOWA AVENUE
    MUSCATINE,IA52761     		NONE PC RENOVATE HOUSING PROPERTIES 100,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV ARTIFICAL TURF 1,000,000
    MUSCATINE COMMUNITY SCHOOL DISTRICT2900 MULBERRY AVENUE
    MUSCATINE,IA52761     		NONE GOV 2021 EXCELLENCE IN EDUCATION PROGRAM 77,646
    NATIONAL CZECH AND SLOVAK MUSEUM & LIBRARY1400 INSPIRATION PLACE SW
    CEDAR RAPIDS,IA52404     		NONE PC IMPROVE MUSEUM ACCESSIBILITY 47,470
    NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM350 EAST 3RD STREET
    DUBUQUE,IA52001     		NONE PC RENOVATE EXHIBIT GALLERY 300,000
    NORTHWESTERN COLLEGE101 7TH STREET SW
    ORANGE CITY,IA51041     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    QUAD CITIES CHAMBER FOUNDATION331 WEST 3RD STREET SUITE 100
    DAVENPORT,IA52801     		NONE PC QUAD CITIES SCHOOL-HELP RESOURCE LINK 20,043
    RIVER BEND FOOD RESERVOIR4010 KIMMEL DRIVE
    DAVENPORT,IA52802     		NONE PC ASSIST PANDEMIC-RELATED FOOD DISTRIBUTION 200,000
    RIVER BEND FOODBANK4010 KIMMEL DRIVE
    DAVENPORT,IA52802     		NONE PC FACILITY EXPANSION 500,000
    ROY R ESTLE MEMORIAL LIBRARY1308 WALNUT STREET
    DALLAS CENTER,IA50063     		NONE PC EXPAND THE LIBRARY 60,000
    SIMPSON COLLEGE701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC CLASSROOM RENOVATION 115,000
    SIMPSON COLLEGE701 NORTH C STREET
    INDIANOLA,IA50125     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    ST AMBROSE UNIVERSITY518 WEST LOCUST STREET
    DAVENPORT,IA52803     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    TANAGER PLACE2309 C STREET SW
    CEDAR RAPIDS,IA52404     		NONE PC SUPPORT EXPANSION OF CAMP TANAGER 200,000
    TWO RIVERS YMCA2040 53RD STREET
    MOLINE,IL61265     		NONE PC BUILDING RENOVATION 500,000
    UNIVERSITY OF DUBUQUE2000 UNIVERSITY AVENUE
    DUBUQUE,IA52001     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    UNIVERSITY OF ILLINOIS1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV ADVANCED INSTRUMENTATION FOR HIGH-THROUGHPUT CELL ANALYSIS 477,520
    UNIVERSITY OF ILLINOIS1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV SUPPORT RESEARCH OF PROTEIN STRUCTURE, CONFORMATION AND FUNCTION 114,214
    UNIVERSITY OF ILLINOIS1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV PURCHASE OF NMR ELECTRONIC CONSOLE 463,000
    UNIVERSITY OF IOWA FOUNDATIONPO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV EDUCATION - STUDY OF A READING INTERVENTION FOR ELEMENTARY STUDENTS 85,520
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - DEVELOP COVID-19 TESTING TECHNIQUE 50,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - ENDOWMENT FOR IVR GENE THERAPY LAB - DR BUDD TUCKER 500,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV ENGINEERING - MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BME 1,500,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - FUND A CORONAVIRUS RESEARCH PILOT GRANT PROGRAM 1,000,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV OFC OF VP OF RESEARCH - ACQUIRE LASER-SCANNING CONOFOCAL MICROSCOPE 600,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CHEMISTRY - DEVELOP NEW UNDERGRADUATE CURRICULA IN CHEMISTRY 62,493
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV STATE HYGIENIC LABORATORY - ACQUIRE A RESPIRATOR-TESTING INSTRUMENT 109,592
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV MEDICINE - EFMS TO TREAT TYPE II DIABETES - DR VAL SHEFFIELD 166,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV IIHR - INSTRUCTIONAL KITS FOR ENGINEERING COURSEWORK 17,352
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV LIBRARIES - ENHANCED ACCESS TO JOURNAL LITERATURE 247,955
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV LIBRARIES - PURCHASE TECHNOLOGY FOR TRAINING AND EDUCATION IN ANATOMY 23,162
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV CCOM - DIRECT THE 2020 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 3,100,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIPS 245,000
    UNIVERSITY OF NORTHERN IOWA1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV ACQUIRE SIMULATION EQUIPMENT TO STUDY SWALLOWING AND FEEDING DISORDERS 85,883
    UNIVERSITY OF NORTHERN IOWA1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV CENTER FOR ENERGY AND ENV. ED. - DEVELOP EDUCATIONAL PROGRAM IN PUBLIC HEALTH 61,088
    UPPER IOWA UNIVERSITY605 WASHINGTON STREET
    FAYETTE,IA52142     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    WARTBURG COLLEGE100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC SUPPORT THE DEVELOPMENT OF A HUMAN PERFORMANCE LABORATORY 170,000
    WARTBURG COLLEGE100 WARTBURG BLVD
    WAVERLY,IA50677     		NONE PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000
    YOUTH SPORTS FOUNDATION2923 CEDAR STREET 3
    MUSCATINE,IA52761     		NONE PC GENERAL FUNDS 25,000
    YSS FRANCIS LAUER50 NORTH EISENHOWER AVENUE
    MASON CITY,IA50401     		NONE PC ASSIST WITH FACILITY IMPROVEMENTS 90,000
    YWCA OF THE QUAD CITIES229 16TH STREET
    ROCK ISLAND,IL61201     		NONE PC CONSTRUCT A NEW FACILITY 500,000
    Total ...............................bullet 3a 16,167,514
    bApproved for future payment
    CONSERVATION CORPS MINNESOTA & IOWA60 PLATO BLVD E SUITE 210
    SAINT PAUL,MN55107     		NONE PC SUPPORT THE DEVELOPMENT OF A BIOLOGICAL SURVEY PROGRAM IN IOWA 30,000
    IOWA STATE UNIVERSITY FOUNDATION2415 UNION DRIVE
    AMES,IA50011     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY RESPIRATORY VIRUS INFECTION IN CHILDREN WHO ARE IMMUNOCOMPROMISED DUE TO NUTRITIONAL DEFICIENCY 147,169
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV STUDY A BIOCHEMICAL MECHANISM INVOLVED IN THE FORMATION OF MATURE BLOOD CELLS 279,104
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV EXPAND A PROFESSIONAL DEVELOPMENT PROGRAM FOR K-12 TEACHERS 84,416
    IOWA STATE UNIVERSITY2415 UNION DRIVE
    AMES,IA50011     		NONE GOV DEVELOP TECHNOLOGY FOR SALIVA-BASED DIAGNOSTIC TESTS FOR SARS-COV-2 AND EBOLA VIRUSES 91,285
    UNIVERSITY OF ILLINOIS1305 WEST GREEN STREET
    URBANA,IL61801     		NONE GOV SUPPORT RESEARCH INTO THE RELATIONSHIP BETWEEN PROTEIN STRUCTURE, CONFORMATION AND BIOLOGICAL FUNTION 204,309
    UNIVERSITY OF IOWA FOUNDATIONPO BOX 4550
    IOWA CITY,IA52244     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DIRECT THE 2021 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 27,750,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DIRECT THE 2021 GIFT PAYOUT FOR A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING 7,500,000
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV DEVELOP A NEW UNDERGRADUATE CURRICULA IN CHEMISTY 65,803
    UNIVERSITY OF IOWAPO BOX 4550
    IOWA CITY,IA52244     		NONE GOV SUPPORT RESEARCH ON THE USE OF ELECTROMAGNETIC FIELDS TO TREAT TYPE 2 DIABETES 332,000
    UNIVERSITY OF NORTHERN IOWA FOUNDATION1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
    UNIVERSITY OF NORTHERN IOWA1227 WEST 27TH STREET
    CEDAR FALLS,IA50614     		NONE GOV DEVELOP EDUCATIONAL PROGRAMMING IN PUBLIC HEALTH SCIENCE AND COMMUNITY ENGAGEMENT 62,463
    Total ................................bullet 3b 37,649,049

    TY 2020 AccountingFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING & AUDITING FEES 34,400 6,880   27,520

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    TY 2020 DepreciationSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    BUILDING 1995-07-27 1,331,453 846,383 SL 39.000000000000 34,140 0    
    LAND IMPROVEMENTS 1995-07-27 10,475 6,659 SL 39.000000000000 269 0    
    LAND IMPROVEMENTS 1995-07-27 26,873 17,083 SL 39.000000000000 689 0    
    BUILDING ADDITIONS 2003-04-22 210,035 89,702 SL 40.000000000000 5,251 0    
    SITE IMPROVEMENTS 2003-04-22 240,860 205,734 SL 20.000000000000 12,043 0    
    LANDSCAPING 2003-06-30 7,978 7,778 SL 7.000000000000 199 0    
    SOFTWARE 2003-10-10 6,750 6,356 SL 3.000000000000 394 0    
    CONCRETE WORK 2003-07-09 2,995 2,931 SL 7.000000000000 64 0    
    CIRCUIT BOARD 2006-11-01 676 228 SL 40.000000000000 17 0    
    ROOFING REPAIRS 2007-09-01 670 218 SL 39.000000000000 17 0    
    BOILER REPAIR 2009-09-29 665 178 SL 40.000000000000 17 0    
    BOILER REPAIR 2010-02-24 712 183 SL 40.000000000000 18 0    
    REPAIR BACKFLOW PREVENTION SYSTEM 2010-06-15 577 143 SL 40.000000000000 14 0    
    FRONT STEPS, LANDING, AND WALKWAY 2010-06-15 14,849 14,725 SL 10.000000000000 124 0    
    THOROSEAL COATING ON EXTERIOR WEST WALL, CAULK AT TOP OF BUILDING 2010-07-15 15,889 15,624 SL 10.000000000000 265 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 3,863 3,766 SL 10.000000000000 97 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-08-15 607 592 SL 10.000000000000 15 0    
    EXTERIOR WEST WALL PAINTING 2010-08-15 3,450 3,364 SL 10.000000000000 86 0    
    FRONT STEPS, LANDING AND WALKWAY 2010-09-15 875 845 SL 10.000000000000 29 0    
    GALVANIZED HANDRAILS ON FRONT STEPS 2010-09-15 575 556 SL 10.000000000000 19 0    
    PARKING LOT REPAIR 2010-11-15 2,270 2,157 SL 10.000000000000 113 0    
    REPAIR B & G PUMP 2011-01-15 673 628 SL 10.000000000000 45 0    
    DAMPER ACTUATOR MOTOR 2011-02-15 884 817 SL 10.000000000000 66 0    
    BOILER (H3-0182) 2011-08-15 8,956 7,837 SL 10.000000000000 896 0    
    CYLINDERS - NORTIC HUMIDIFIER 2012-03-15 754 616 SL 10.000000000000 75 0    
    BEARING ASSEMBLY FOR HEAT PUMP 2012-04-15 501 405 SL 10.000000000000 50 0    
    ROOF REPLACEMENT 2012-10-13 47,874 18,152 SL 20.000000000000 2,394 0    
    FAN ASSEMBLY 2013-05-01 3,205 2,244 SL 10.000000000000 321 0    
    SURVEILLANCE CAMERA SYSTEM 2014-05-13 2,221 334 SL 40.000000000000 56 0    
    SURVEILLANCE CAMERA SYSTEM (ADD'L CAMERA) 2014-12-29 708 96 SL 40.000000000000 18 0    
    COPIER - KYOCERA TASKALFA 5551CI 2014-05-01 14,634 8,780 SL 10.000000000000 1,463 0    
    SHREDDER - DESTROYIT 3804SC 2014-07-31 3,160 1,843 SL 10.000000000000 316 0    
    UPS POWER BACKUP (APC PRO-1500) 2014-07-13 531 310 SL 10.000000000000 53 0    
    COMPUTER - DELL OPTIPLEX (SECRETARY) 2014-07-13 1,359 793 SL 10.000000000000 136 0    
    COMPUTER - DELL OPTIPLEX 3020 (RECEPTION AREA) 2014-07-13 1,337 780 SL 10.000000000000 134 0    
    PARKING LOT (REPLACEMENT) 2014-09-09 46,744 13,244 SL 20.000000000000 2,337 0    
    BOILER - HONEYWELL MOTOR M8185D 1006 2014-09-30 516 73 SL 40.000000000000 13 0    
    BOILER - RAYPAK MODEL H3-0182 2014-09-24 3,675 521 SL 40.000000000000 92 0    
    COMPUTER - DELL LATITUDE E6440 (LAPTOP) 2015-02-25 1,681 882 SL 10.000000000000 168 0    
    COMPUTER - DELL POWEREDGE T320 SERVER 2015-02-01 5,017 2,634 SL 10.000000000000 334 0    
    DELL - POWERCONNECT 2848 SWITCH 2015-02-01 644 338 SL 10.000000000000 43 0    
    DELL - SONICWALL TZ 215 FIREWALL 2015-02-01 1,236 649 SL 10.000000000000 82 0    
    WATER HEATER (ELECTRIC) 2015-05-05 632 79 SL 40.000000000000 16 0    
    INVENSYS ZONE VALVE & MOTORS (HVAC SYSTEM) 2015-05-29 999 125 SL 40.000000000000 25 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-08-14 7,212 856 SL 40.000000000000 180 0    
    ACCESS CONTROL SYSTEM (PER MAR) 2015-09-08 1,792 209 SL 40.000000000000 45 0    
    COMPUTER - DELL LATITUDE E7450 LAPTOP 2015-07-10 1,607 777 SL 10.000000000000 161 0    
    CHRISTMAS TREE - 10' FRASER FIR 2015-10-23 1,799 825 SL 10.000000000000 180 0    
    CABINET - COMPUTER EQUIPMENT 2015-11-10 1,386 624 SL 10.000000000000 139 0    
    COMPUTER - DELL LATITUDE E7450 ULTRA LAPTOP 2016-04-19 1,411 576 SL 10.000000000000 141 0    
    LIFEPAK CR - AUTOMATIC DEFIBRILLATOR 2018-05-14 1,575 316 SL 10.000000000000 158 0    
    OFFICE CHAIRS (3) 2018-09-12 3,081 513 SL 10.000000000000 308 0    
    FOUNTAIN PUMP 2018-06-28 4,035 193 SL 40.000000000000 101 0    
    GATE OPENER HEATERS (2) 2018-10-15 1,199 47 SL 40.000000000000 30 0    
    REAR GATE OPENERS 2019-05-01 11,659 291 SL 40.000000000000 291 0    
    FIRE ALARM PANEL 2019-12-01 1,233 51 SL 10.000000000000 123 0    
    SECURITY CAMERA SYSTEM 2020-01-15 16,003 533 SL 10.000000000000 1,600 0    
    PROJECTOR & SCREEN 2020-08-01 8,137   SL 10.000000000000 610 0    
    SECURITY CAMERA SYSTEM 2020-06-01 1,707   SL 10.000000000000 156 0    

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    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    LOSS ON FIXED ASSETS DISPOSED   PURCHASED 2021-04     9,335 COST 0 -2,816 6,519

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBVIE 229,537 257,203
    ALEXANDRIA REAL 99,601 111,499
    AMERIGAS PARTNERS 252,027 277,812
    AMPHENOL 19,981 23,037
    ANGLO AMERICAN CAP 250,000 287,665
    ANHEUSER-BUSCH 140,030 150,210
    ANTERO RES 180,500 192,850
    APACHE 72,966 71,398
    AT&T 219,671 251,365
    AXALTA COATINGS SYS 237,919 235,687
    BAKER HUGHES 71,730 75,669
    BANK AMERICA 266,388 279,743
    BANK OF AMERICA 80,000 80,743
    BANK NOVA SCOTIA 39,997 45,523
    BAYER US FIN II 198,542 226,313
    BLACK HILLS 39,817 45,641
    BOARDWALK 226,763 259,657
    BOEING 79,784 82,302
    BROWN FORMAN 39,821 43,530
    BSTN PPTYS 161,468 176,741
    BUCKEYE PARTNERS 230,026 250,000
    CAPITAL ONE FINANCIAL 69,996 78,189
    CARRIER GLOBAL 90,000 94,420
    CEDAR FAIR/CAN/MAGNUM/MI 167,062 169,826
    CENOVUS ENERGY 224,962 247,205
    CITIGROUP 259,701 282,823
    CLEVELAND CLINC FOUNDATION 74,423 102,299
    CN LIGHT & POWER 61,395 69,789
    CNH INDL 35,087 37,922
    CONTINENTAL RESOURCES 126,662 130,937
    CVS HEALTH 113,269 122,653
    DAIMLER FIN N AMER 149,712 157,231
    DIGITAL REALTY TR 59,911 68,831
    DISNEY WALT CO 49,860 55,956
    DOWDUPONT 160,000 186,108
    DUKE ENERGY 130,916 129,961
    DUKE REALTY 29,678 33,488
    EMBRAER NETH FIN 330,875 336,626
    ENABLE MIDSTREAM 99,197 111,748
    ENLINK MIDSTREAM 92,560 97,312
    ENTERGY ARK 183,583 199,194
    ENTERPRISE PRODUCTS 81,301 88,437
    EQT 183,983 208,518
    FEDEX 70,701 75,731
    FIFTH THIRD BANCORP 79,978 83,712
    FIRSTENERGY 54,755 54,750
    FISERV 119,766 136,236
    FMC 129,869 140,015
    FORD MOTOR CREDIT CO 265,820 272,500
    FREEPORT-MCMORAN 237,042 237,211
    FULLER H B CO 203,365 232,312
    GENERAL MOTORS FINANCIAL 200,184 218,007
    GOLDMAN SACHS 217,189 235,299
    GRAPHIC PACKAGING 158,875 176,344
    HALLIBURTON 93,965 94,705
    HEALTHPEAK PROPERTIES 89,481 96,225
    HELIOS LEASING I 78,086 79,535
    HESS 249,147 277,308
    HEXCEL 208,312 212,223
    HOLLYFRONTIER 169,701 177,379
    HOST HOTELS 199,150 213,413
    HSBC HOLDINGS 200,000 209,568
    HUNGTINGTON 69,847 74,017
    INGERSOLL-RAND 69,942 76,719
    INTERSTATE POWER & LIGHT 79,798 90,601
    ITC HOLDINGS 49,833 53,710
    JOHNS HOPKINS UNIV 45,000 43,361
    JPMORGAN CHASE & CO 215,000 236,002
    KAISER FOUNDATION HOSPITALS 30,000 31,419
    KEYCORP 159,894 180,873
    KLA-TENCOR 9,952 11,345
    KRAFT HEINZ FOODS 169,401 195,679
    LAMAR MEDIA 239,344 236,812
    LENNOX INTERNATIONAL 69,793 69,582
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY 199,092 204,936
    MARATHON OIL 269,375 297,431
    MARATHON PETROLEUM 251,186 288,838
    MARSH & MCLENNAN 111,258 127,357
    MARTIN MARIETTA 161,422 192,854
    MASCO 49,450 59,906
    MAXIM INTEGRATED 116,356 131,457
    MAYO CLINIC 78,579 91,923
    MCDONALDS 54,596 60,658
    MEMORIAL HEALTH SERVICES 75,000 79,069
    MICROCHIP TECH 70,000 75,070
    MID-AMERICA APTS 111,448 123,465
    MIDAMERICAN ENERGY 143,863 155,875
    MOOG 251,832 251,737
    MORGAN STANLEY 188,974 211,331
    MOSAIC 224,559 251,181
    MPLX 199,668 222,654
    NATIONAL RETAIL PPTYS 29,786 33,718
    NEW YORK & COMPANY 99,994 129,822
    NEWFIELD EXPLORATION COMPANY 245,434 252,081
    NORFOLK SOUTHERN 59,884 72,586
    NORTHERN STATES POWER 120,382 128,751
    NORTHROP GRUMMAN 19,920 23,231
    NORTHWESTERN UNIVERSITY 195,200 220,057
    NUSTAR LOGISTICS 241,017 243,844
    NXP 104,970 116,521
    OCCIDENTAL PETROLEUM 99,931 97,250
    ORACLE 79,794 81,256
    OSHKOSH 149,467 165,970
    OWENS CORNING 175,957 190,509
    PARTNERS HEALTHCARE SYSTEM 115,000 120,045
    PECO ENERGY 123,929 137,936
    PETROLEOS 127,500 131,442
    PHILLIPS VAN HEUSEN 96,965 98,407
    PHILLIPS 66 61,385 66,274
    PIONEER NATURAL RESOURCES 306,044 316,839
    PLAINS ALL AMERICAN PIPELINE 232,939 216,140
    PRESIDENT & FELLOW HARVARD COLLEGE 97,565 113,703
    PVTPL ALLISON TRANSMISSION 226,913 224,944
    PVTPL AT&T 54,393 60,048
    PVTPL BMW US CAP 86,548 95,789
    PVTPL CCO HOLDINGS 303,903 301,885
    PVTPL CDK GLOBAL 243,327 241,312
    PVTPL CHARLES RIVER LABORATOIES INTERNATIONAL 229,563 234,298
    PVTPL CLEAN HARBORS 253,625 260,312
    PVTPL CLEARWATER PAPER 233,937 226,703
    PVTPL EMD FINANCE 41,226 43,045
    PVTPL FAIR ISAAC 226,641 249,750
    PVTPL GARTNER 246,309 247,048
    PVTPL GRACE W R & CO 211,530 222,250
    PVTPL GRAY OAK PIPELINE 150,503 153,904
    PVTPL HANESBRANDS 250,112 263,195
    PVTPL HILL-ROM HOLDINGS 255,314 256,675
    PVTPL HOLOGIC 260,571 256,500
    PVTPL IMS HEALTH 276,688 284,314
    PVTPL INGEVITY 248,541 255,313
    PVTPL IPALCO ENTERPRISES 199,818 221,936
    PVTPL MASONITE 240,929 237,375
    PVTPL MEDNAX 242,228 238,500
    PVTPL MSCI 241,348 240,536
    PVTPL MUELLER WATER PRODUCTS 177,531 180,816
    PVTPL NEXTERA ENERGY OPERATING PARTNERS 219,195 218,724
    PVTPL NORTHWESTERN MUTUAL 49,826 50,797
    PVTPL ON SEMICONDUCTOR 226,824 231,609
    PVTPL OPEN TEXT CORP 240,445 243,000
    PVTPL PENNSYLVANIA ELECTRIC CO 200,962 214,525
    PVTPL ROLLS-ROYCE 197,750 201,843
    PVTPL SEALED AIR 251,719 248,625
    PVTPL SENSATA TECHNOLOGIES 264,375 278,750
    PVTPL STERICYCLE 249,377 253,881
    PVTPL VALVOLINE 227,820 230,621
    PVTPL VERIZON COMMUNICATIONS 83,091 89,353
    PVTPL WILLIAM CARTER CO 255,954 262,813
    PVTPL WOLVERINE WORLD WIDE 240,994 255,000
    PVTPL 7-ELEVEN 29,929 29,457
    RANGE RES 161,397 176,063
    REALTY INCOME 184,761 197,214
    RELX CAP 19,768 22,357
    ROCHESTER GAS & ELECTRIC 104,050 108,116
    ROPER TECHNOLOGIES 89,805 94,532
    SAN DIEGO GAS & ELECTRIC 193,590 198,623
    SANTA ROSA LEASING 37,920 38,588
    SEAGATE HDD CAYMAN 263,883 270,750
    SERVICE CORP INTERNATIONAL 308,427 310,313
    SHELL INTL FIN 43,870 41,612
    SHERWIN-WILLIAMS 171,159 182,446
    SILGAN HOLDINGS 177,188 177,700
    SOUTHERN BAPTIST 100,000 120,927
    SOUTHERN CAL EDISON 229,705 251,653
    STANFORD HEALTH CARE 50,000 57,342
    STATE STREET 10,000 10,523
    T-MOBILE USA 225,476 228,656
    TAGUA LEASING 83,657 85,098
    TELEFLEX 227,670 230,670
    TEVA 286,478 315,401
    TEXAS HEALTH RESOURCES 75,000 93,529
    TRANSCONTINENTAL GAS PIPE 107,280 105,455
    TWITTER 205,390 215,763
    UBS GROUP FDG SWITZ 200,000 205,830
    UNIVERSITY OF SOUTHERN CAL 100,000 104,949
    VALE OVERSEAS 242,534 268,875
    VENTAS REALTY 139,732 155,573
    VERISIGN 135,000 143,753
    VERIZON COMMUNICATIONS 130,011 136,272
    VULCAN MATERIALS 152,773 185,852
    WELLTOWER 113,691 124,164
    WESTERN MIDSTREAM 149,850 163,687
    WI SCOTTS MIRACLE-GRO 245,700 257,250
    WRKCO 59,986 66,822
    PETROLEOS MEXICANOS 99,252 86,250

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE 86,527 312,200
    ACUITY BRANDS 172,576 276,425
    ADVANCED ENERGY INDUSTRIES 128,546 1,012,866
    AFLAC 241,448 419,094
    AGCO 127,915 364,800
    ALEXION PHARMACEUTICALS 254,800 438,568
    ALLSCRIPTS HEALTHCARE SOLUTIONS 746,828 1,196,782
    ALLSTATE 132,916 507,200
    ALTRIA GROUP 142,879 157,575
    AMERICAN AIRLINES 141,766 84,708
    AMERICAN AXLE & MFG HOLDINGS 1,217,422 1,025,477
    AMERICAN FINANCIAL GROUP 159,311 282,332
    AMERIPRISE FINANCIAL 82,427 594,320
    AMERISAFE 193,450 703,801
    AMGEN 88,723 455,316
    ANNALY CAP MGMT 195,471 202,484
    APPLIED MATERIALS 229,573 504,298
    ARES COMMERCIAL REAL ESTATE 580,501 868,272
    ARROW ELECTRONICS 196,489 273,768
    AT&T 685,656 731,853
    ATLAS AIR WORLDWIDE HOLDINGS 455,693 1,212,126
    B & G FOODS 546,450 1,062,823
    BANC CALIFORNIA 674,958 806,341
    BANK NEW YORK MELLON 292,515 331,203
    BANK OF AMERICA 63,421 441,777
    BELDEN 271,436 498,975
    BERRY GLOBAL GROUP 139,269 199,767
    BEST BUY 168,255 302,302
    BIG LOTS 97,971 220,608
    BIOGEN 162,866 187,131
    BRISTOL MYERS SQUIBB 408,060 480,634
    BRIXMOR PROPERTY GROUP 161,463 167,550
    CAPITAL ONE FINANCIAL 162,034 462,148
    CARDINAL HEALTH 272,569 205,156
    CELANESE 171,889 266,305
    CHILDRENS PLACE 577,134 1,193,114
    CIRRUS LOGIC 222,787 869,406
    CISCO SYSTEMS 107,643 330,915
    CIT GROUP 77,514 90,593
    CITIGROUP 570,521 783,640
    CITIZENS FINANCIAL GROUP 278,393 286,936
    COLUMBIA BANKING SYSTEM 307,328 799,864
    COMCAST 552,780 780,485
    COMMSCOPE HOLDING CO 675,996 1,148,654
    CONAGRA BRANDS 205,843 259,630
    CONCENTRIX 17,307 151,029
    CRANE CO 106,153 178,714
    CROWN HOLDINGS 176,886 186,660
    CUMMINS 344,841 551,968
    CVS HEALTH 302,179 312,170
    D R HORTON 197,559 353,844
    DAVITA 148,450 198,101
    DECKERS OUTDOOR 213,464 1,546,589
    DELTA AIR LINES 222,685 211,140
    DIAMONDROCK HOSPITALITY 644,686 840,363
    DIEBOLD NIXDORF 419,587 1,577,701
    DISCOVER FINANCIAL SERVICES 111,676 524,400
    DIVERSIFIED HEALTHCARE TR 129,247 27,373
    DXC TECHNOLOGY 17,767 25,143
    DYCOM INDUSTRIES 624,936 1,771,320
    EAGLE PHARMACEUTICALS 1,144,805 1,016,667
    EASTMAN CHEMICAL 68,820 265,397
    EBAY 231,958 329,161
    ENCORE CAPITAL GROUP 484,309 898,565
    ENERSYS 162,614 781,727
    EVEREST RE GROUP 80,111 221,560
    EXELON 293,505 444,906
    FEDEX 117,860 261,279
    FERRO 520,116 656,954
    5TH 3RD BANCORP 179,453 474,318
    FIRST HORIZON 441,115 694,581
    FOOT LOCKER 208,471 230,022
    FORD MOTOR 408,489 286,192
    GAMING & LEISURE PPTYS 187,742 240,679
    GATX 112,567 725,204
    GENERAL MILLS 191,319 200,838
    GENERAL MOTORS 321,847 526,424
    GENESCO 269,294 684,900
    GILEAD SCIENCES 319,557 222,145
    GOLDMAN SACHS GROUP 93,283 278,760
    GOODYEAR TIRE & RUBBER 254,436 134,238
    GREEN DOT 216,458 654,093
    GREENBRIER COS 496,224 957,413
    GROUP 1 AUTOMOTIVE 205,167 1,375,661
    HANESBRANDS 170,833 250,614
    HARLEY DAVIDSON 250,619 203,154
    HARTFORD FINANCIAL SERVICES 223,430 415,548
    HCA HEALTHCARE 223,208 643,392
    HEWLETT PACKARD 122,486 211,464
    HIBBETT SPORTS 494,522 2,150,473
    HILL-ROM HOLDINGS 119,168 121,242
    HILLENBRAND 171,797 206,178
    HOPE BANCORP 767,538 914,604
    HP 149,193 422,964
    HUNTINGTON INGALLS INDUSTRIES 228,985 233,552
    HUNTSMAN 123,115 243,695
    INGREDION 142,425 158,797
    INTEGER HOLDINGS 196,394 1,071,077
    INTEL 359,374 914,727
    INTERNATIONAL BUSINESS MACHINES 326,511 383,076
    INTERNATIONAL PAPER COMPANY 158,821 214,600
    ITRON 308,389 733,281
    J2 GLOBAL 205,877 526,471
    JAZZ PHARMACEUTICALS 154,621 195,636
    JUNIPER NETWORKS 92,565 83,787
    KEYCORP 268,253 245,888
    KOHLS 99,536 117,320
    KOPPERS HOLDINGS 582,269 653,798
    KRAFT HEINZ 291,193 350,965
    KROGER 297,766 460,404
    L3HARRIS TECHNOLOGIES 193,788 194,584
    LA Z BOY 456,176 994,215
    LAM RESEARCH 19,682 124,090
    LEAR 80,110 349,296
    LENNAR 170,691 310,800
    LIGAND PHARMACEUTICALS 733,379 1,184,189
    LINCOLN NATIONAL 178,263 224,455
    LITHIA MOTORS 106,483 1,817,733
    LOUISIANA-PACIFIC 137,461 270,108
    LYONDELLBASELL INDUSTRIES 253,165 280,098
    M D C HOLDINGS 648,580 1,486,210
    MACYS 164,687 39,792
    MARATHON PETROLEUM 77,064 272,685
    MASTEC 134,999 333,952
    MATRIX SERVICE 699,830 838,280
    MDU RESOURCES GROUP 177,402 257,642
    MERCK & CO 299,359 536,400
    METLIFE 90,153 235,431
    MGIC INVESTMENT CORP 67,265 137,160
    MOLSON COORS BREWING 239,316 203,315
    MORGAN STANLEY 177,579 520,065
    NCR 131,418 205,875
    NEXTGEN HEALTHCARE 966,736 1,402,509
    NN 1,260,079 841,639
    NORTHROP GRUMMAN 239,383 283,552
    NORTHWEST NATURAL HOLDINGS CO 682,354 791,384
    NRG ENERGY 184,562 211,338
    ORACLE 348,062 492,635
    OSHKOSH 193,501 323,518
    OWENS & MINOR 385,776 1,677,608
    OWENS CORNING 134,276 242,025
    PACWEST BANCORP 286,849 975,466
    PATTERSON COS 497,080 959,186
    PBF ENERGY 93,710 48,212
    PENNYMAC MORTGAGE INVESTMENT TRUST 394,543 677,329
    PFIZER 368,509 858,030
    PHIBRO ANIMAL HEALTH 790,669 848,024
    PHILLIPS 66 107,961 210,366
    PILGRIMS PRIDE 73,357 83,860
    PNC FINANCIAL SERVICES GROUP 20,822 130,865
    PNM RESOURCES 131,726 539,505
    PRESTIGE CONSUMER HEALTHCARE 588,517 700,837
    PROASSURANCE 590,709 730,550
    PRUDENTIAL FINANCIAL 173,295 371,332
    QUEST DIAGNOSTICS 160,071 171,444
    RADIAN GROUP 114,590 174,944
    RED ROBIN GOURMET BURGERS 563,358 998,518
    REGIONS FINANCIAL 353,800 385,860
    SANMINA 117,124 187,864
    SCANSOURCE 661,818 716,179
    SEAGATE TECHNOLOGY 70,832 399,212
    SELECT MEDICAL HOLDINGS 573,049 2,117,789
    SELECTIVE INSURANCE GROUP 237,385 1,081,416
    SERVICE PROPERTIES TR 134,071 64,038
    SLEEP NUMBER 98,393 223,780
    SMUCKER J M 249,567 313,066
    SPROUTS FARMERS MARKET 198,341 227,929
    STATE STREET 74,394 142,715
    STERLING BANCORP 281,136 690,723
    SYKES ENTERPRISES 372,033 794,901
    SYNAPTICS 434,042 1,604,169
    SYNCHRONY FINANCIAL 218,166 227,448
    SYNNEX 14,175 117,806
    TARGET 104,976 435,246
    TEGNA 49,448 122,366
    TELEDYNE TECHNOLOGIES 31,907 359,991
    TETRA TECHNOLOGIES 64,720 861,758
    TEXTRON 199,606 250,536
    TRAVEL + LEISURE CO 49,709 109,701
    TRINSEO 169,027 148,584
    TRITON INTERNATIONAL 209,691 189,643
    TRIUMPH GROUP 658,886 510,223
    TTM TECHNOLOGIES 825,451 736,575
    TYSON FOODS 66,354 294,310
    ULTRA CLEAN HOLDINGS 174,655 1,647,008
    UNITED AIRLINES 177,298 190,400
    UNITED BANKSHARES 217,922 467,549
    VALERO ENERGY 45,276 229,276
    VALVOLINE 168,113 226,080
    VEREIT 203,206 280,342
    VERIZON COMMUNICATIONS 768,632 866,850
    VIACOM CBS 310,792 147,672
    VIATRIS 21,604 38,942
    VISHAY INTERTECHNOLOGY 104,864 184,275
    VISTRA 283,580 199,066
    WALLGREENS BOOTS ALLIANCE 465,376 350,460
    WASHINGTON FEDERAL 330,510 736,932
    WEBSTER FINANCIAL 274,363 668,253
    WELLS FARGO & CO 51,527 153,170
    WESTROCK 40,515 39,304
    WEX 115,195 796,420
    WHIRLPOOL 111,724 378,320
    WORTHINGTON INDUSTRIES 283,243 917,817
    XEROX HOLDINGS 128,922 146,047
    XPERI HOLDING 1,231,898 905,515

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    US Government Securities - End of Year Book Value:

    8,892,951
    US Government Securities - End of Year Fair Market Value:

    8,668,838
    State & Local Government Securities - End of Year Book Value:


    4,829,193
    State & Local Government Securities - End of Year Fair Market Value:


    5,142,119


    TY 2020 InvestmentsOtherSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADAMS STREET 2009 DIRECT FUND AT COST 38,036 229,128
    ADAMS STREET 2013 GLOBAL FUND AT COST 4,784,507 10,371,353
    ADAMS STREET CO - INVESTMENT FUND III A AT COST 3,923,978 9,837,723
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND AT COST 757,265 272,771
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND AT COST 1,957,701 1,011,546
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND AT COST 925,495 483,514
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND AT COST 2,091,148 1,312,815
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND AT COST 495,922 782,873
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND AT COST 212,505 441,651
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND AT COST 935,075 1,684,404
    ACADIAN INTERNATIONAL ALL CAP FUND AT COST 18,760,521 41,799,384
    CROWLEY BLUE WATER PARTNERS AT COST 92,000 100,169
    ISHARES TR EAFE SMALL CAP INDEX FUND AT COST 11,611,777 20,640,165
    ISHARES TR RUSSELL 1000 GROWTH INDEX FUND AT COST 5,577,003 21,186,519
    ISHARES TR RUSSELL MIDCAP INDEX FUND AT COST 14,883,322 43,189,236
    MSN 41079 & 41084 LTD SECD NT AT COST 58,611 59,771
    SMALL BUSINESS ADMIN GTD DEV SER 2012-20K AT COST 89,965 91,328
    SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20F AT COST 7,030 8,186
    SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2013-20A AT COST 82,445 84,298
    SMALL BUSINESS ADMIN GTD DEV PARTN SER 2018-20G AT COST 144,123 155,794
    SMALL BUSINESS ADMIN GTD PARTN CTFS 2.518% DUE 09-10-2027 AT COST 160,695 167,715
    SMALL BUSINESS ADMIN GTD PARTN CTSF GTD DEB PARTN CTF SER SBIC AT COST 100,000 101,349
    SMALL BUSINESS ADMIN GTD PARTN CTFS SER 2015-10B AT COST 159,215 165,880
    SMALL BUSINESS ADMIN GTD PARTN CTFS SER SBIC 2014-10 AT COST 92,206 94,936
    SMALL BUSINESS ADMIN GTD SER 2014-10B AT COST 82,494 85,128
    SMALL BUSINESS ADMIN SER 2015-10A AT COST 105,180 108,805
    THE EMERGING WORLD INVESTORS LP AT COST 32,500,000 65,400,171
    VANGUARD REIT AT COST 12,990,709 19,863,783

    TY 2020 LandEtcSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    BUILDINGS 1,751,060 1,136,958 614,102 614,102
    FURNITURE & FIXTURES 290,066 215,152 74,914 74,914
    IMPROVEMENTS 392,704 330,096 62,608 62,608
    LAND 567,038 0 567,038 567,038


    TY 2020 LegalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,991 1,398   5,593


    TY 2020 OtherAssetsSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INVESTMENT INCOME 504,758 494,678 494,678
    EXCISE TAX RECEIVABLE 226,000 68,000 68,000


    TY 2020 OtherExpensesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES & MEMBERSHIPS 805 0   805
    POSTAGE 2,171 434   1,737
    BUILDING & GROUNDS EXPENSES 63,152 12,630   50,522
    OFFICE EXPENSES 43,954 8,791   35,163
    TELEPHONE 6,181 1,236   4,945
    INSURANCE 11,504 2,301   9,203
    PORTFOLIO DEDUCTIONS (FROM K-1'S) 0 919,353   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ACADIAN INTERNATIONAL ALL-CAP FUND   117,379  
    ADAMS STREET 2009 DIRECT FUND LP   -52  
    ADAMS STREET 2009 DIRECT FUND LP (UBI)   -160  
    ADAMS STREET 2013 GLOBAL FUND LP   14,139  
    ADAMS STREET 2013 GLOBAL FUND LP (UBI)   -64,792  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP   86,458  
    ADAMS STREET CO-INVESTMENT FUND IIIA LP (UBI)   -201,525  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP   -939  
    ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP (UBI) 0 219 0
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP   20,307  
    ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP (UBI)   3,343  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP   417  
    ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP (UBI)   459  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP   19,838  
    ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP (UBI)   334  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP   232  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP (UBI)   -556  
    ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP   -209  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP   2,238  
    ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP (UBI)   -7,386  
    THE EMERGING WORLD INVESTORS LP   5,073,275  
    GRANT RECOVERIES 19,654   19,654


    TY 2020 OtherIncreasesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Amount
    ACCRUAL TO CASH CONVERSION 2,969,221


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED EXCISE TAX 720,000 2,451,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 1,030,348 1,030,327   0
    INVESTMENT CONSULTING FEES 64,000 64,000   0
    PROFESSIONAL CONSULTING FEES 7,783 700   7,083


    TY 2020 TaxesSchedule
    Name:
    ROY J CARVER CHARITABLE TRUST
    EIN:
    42-1186589
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 133,000 0   0
    FOREIGN TAX PAID 30,615 30,615   0
    FOREIGN TAX PAID (FROM K-1'S) 0 163,229   0