Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 05-01-2022 , and ending 04-30-2023
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, IA52761
A Employer identification number

42-1186589
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$330,885,905J 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 right arrow.............
3 Interest on savings and temporary cash investments 1,534 1,534  
4 Dividends and interest from securities... 6,003,615 9,727,530  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,267,881
b Gross sales price for all assets on line 6a 99,856,961
7 Capital gain net income (from Part IV, line 2)... 10,927,223
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
List of Attached Documents:
// Content
546,000 -1,951,895  
12 Total. Add lines 1 through 11........ 17,819,030 18,704,392  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 595,428 341,764   253,664
14 Other employee salaries and wages...... 543,657 6,144   537,513
15 Pension plans, employee benefits....... 287,593 38,334   249,259
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
18,804 3,761   15,043
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
41,325 8,265   33,060
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,194,091 1,184,393   9,698
17 Interest...............   11,531    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
492,008 192,306   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
63,379 12,676  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,094 0   3,094
22 Printing and publications.......... 1,310 0   1,310
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
231,604 901,663   185,704
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,472,293 2,700,837   1,288,345
25 Contributions, gifts, grants paid....... 9,457,263 14,014,143
26 Total expenses and disbursements. Add lines 24 and 25 12,929,556 2,700,837   15,302,488
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,889,474
b Net investment income (if negative, enter -0-) 16,003,555
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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......... 7,326,541 3,202,180 3,202,180
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 12,978,322 Click to see attachment
List of Attached Documents:
// Content
11,105,389 		11,078,431
b Investments—corporate stock (attach schedule)....... 60,550,639 Click to see attachment
List of Attached Documents:
// Content
77,935,955 		97,521,242
c Investments—corporate bonds (attach schedule)....... 30,852,900 Click to see attachment
List of Attached Documents:
// Content
12,996,002 		12,608,419
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 12,047,603 17,254,592 16,865,047
13 Investments—other (attach schedule).......... 109,354,349 Click to see attachment
List of Attached Documents:
// Content
108,622,506 		185,763,325
14 Land, buildings, and equipment: basis right arrow5,060,794
Less: accumulated depreciation (attach schedule) right arrow1,785,208 1,376,109 Click to see attachment
List of Attached Documents:
// Content
3,275,586 		3,275,586
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
553,293 		Click to see attachment
List of Attached Documents:
// Content
567,675 		Click to see attachment
List of Attached Documents:
// Content
567,675
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 235,043,756 234,963,885 330,885,905
Liabilities 17 Accounts payable and accrued expenses.......... 105,103 99,129
18 Grants payable................. 29,079,492 24,522,612
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
1,732,000 		Click to see attachment
List of Attached Documents:
// Content
1,333,000
23 Total liabilities (add lines 17 through 22)......... 30,916,595 25,954,741
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 204,127,161 209,009,144
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)..... 204,127,161 209,009,144
30 Total liabilities and net assets/fund balances (see instructions). 235,043,756 234,963,885
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
204,127,161
2
Enter amount from Part I, line 27a .....................
2
4,889,474
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
209,016,635
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,491
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
209,009,144
Form 990-PF (2022)
Form 990-PF (2022)
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      
b ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP      
c ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP      
d ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP      
e ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP      
ADAMS STREET 2009 DIRECT 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      
ADAMS STREET 2013 GLOBAL FUND LP      
ADAMS STREET CO-INVESTMENT FUND III A LP      
ACADIAN INTERNATIONAL ALL-CAP 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 99,734,729   90,864,346 8,870,383
b       -90,258
c       -59,699
d       -83,516
e       -9,333
      36,470
      120,287
      21,122
      176,478
      997,438
      380,243
      -1,711,534
      2,156,910
122,232     122,232
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       8,870,383
b       -90,258
c       -59,699
d       -83,516
e       -9,333
      36,470
      120,287
      21,122
      176,478
      997,438
      380,243
      -1,711,534
      2,156,910
      122,232
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 10,927,223
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  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
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 right arrow 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) 1 222,449
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 222,449
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- ..... 5 222,449
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 396,093
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 396,093
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 173,644
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow173,644 Refundedright arrow 11 0
Part VI-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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIA
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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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 (2022)
Form 990-PF (2022)
Page 5
Part VI-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 addressright arrowCARVERTRUST.ORG
14
The books are in care ofright arrowDR TROY ROSS Telephone no.right arrow (563) 263-4010

Located atright arrow202 IOWA AVENUEMUSCATINEIA ZIP+4right arrow527613733
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2022? .............
1d
 
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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 		25,200 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
ROY J CARVER JR TRUSTEE/CHAIRMAN
4.00 		30,000 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
WILLARD L BOYD TRUSTEE
1.00 		11,200 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
J LARRY GRIFFITH TRUSTEE/VICE CHAIRMAN
4.00 		27,750 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
TROY K ROSS CHIEF EXECUTIVE OFFICER
40.00 		427,128 58,616 2,181
202 IOWA AVENUE
MUSCATINE,IA52761
D SCOTT INGSTAD TRUSTEE
2.00 		25,550 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
DAVID M UTLEY TRUSTEE/SECRETARY
2.00 		22,600 0 0
202 IOWA AVENUE
MUSCATINE,IA52761
ANDREW B CARVER TRUSTEE
2.00 		26,000 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 		210,999 50,851 707
202 IOWA AVENUE
MUSCATINE,IA52761
ERIN L VAN HOOK EXEC ASST & FIN DIR
40.00 		141,689 31,304 1,483
202 IOWA AVENUE
MUSCATINE,IA52761
LINDA B MUMEY PROGRAM ASST/SEC
40.00 		71,356 23,008 0
202 IOWA AVENUE
MUSCATINE,IA52761
LISA M AHLF ADMIN ASST
40.00 		51,526 32,922 0
202 IOWA AVENUE
MUSCATINE,IA52761
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
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 369,540
600 TRAVIS STREET
HOUSTON,TX77002
ACADIAN ASSET MANAGEMENT ASSET MANAGEMENT 257,270
1 POST OFFICE SQUARE
BOSTON,MA02109
LSV ASSET MANAGEMENT ASSET MANAGEMENT 199,240
155 NORTH WACKER DRIVE SUITE 4600
CHICAGO,IL60606
NORTHERN TRUST ASSET MANAGEMENT 99,951
50 SOUTH LASALLE STREET
CHICAGO,IL60606
GALLIARD CAPITAL MANAGEMENT ASSET MANAGEMENT 94,294
800 LASALLE AVENUE SUITE 1100
MINNEAPOLIS,MN55402
Total number of others receiving over $50,000 for professional services.............right arrow2
Part VIII-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 VIII-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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
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
333,675,004
b
Average of monthly cash balances.......................
1b
4,637,961
c
Fair market value of all other assets (see instructions)................
1c
653,769
d
Total (add lines 1a, b, and c).........................
1d
338,966,734
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
338,966,734
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,084,501
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
333,882,233
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
16,694,112
Part X
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 IX, line 6..................
1
16,694,112
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
222,449
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
222,449
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
16,471,663
4
Recoveries of amounts treated as qualifying distributions................
4
25,000
5
Add lines 3 and 4............................
5
16,496,663
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 XII, line 1 ...
7
16,496,663
Part XI
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
15,302,488
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
1,570,285
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 XII, line 4. .......
4
16,872,773
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 16,496,663
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018...... 648,948
c From 2019...... 1,628,860
d From 2020...... 821,657
e From 2021......  
f Total of lines 3a through e ........ 3,099,465
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 16,872,773
a Applied to 2021, 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 2022 distributable amount..... 16,496,663
e Remaining amount distributed out of corpus 376,110
5 Excess distributions carryover applied to 2022. 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 3,475,575
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		3,475,575
10 Analysis of line 9:
a Excess from 2018.... 648,948
b Excess from 2019.... 1,628,860
c Excess from 2020.... 821,657
d Excess from 2021....  
e Excess from 2022.... 376,110
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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 right arrow
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 (2022)
Form 990-PF (2022)
Page 11
Part XIV
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

AFRICAN AMERICAN MUSEUM OF IOWA

55 12TH AVENUE SE
CEDAR RAPIDS,IA52401 		  PC BUILDING RENOVATION 200,000

ALL SAINTS CATHOLIC SCHOOL

1926 N MARQUETTE STREET
DAVENPORT,IA52804 		  PC PLAYGROUND IMPROVEMENTS 25,000

ATALISSA VOLUNTEER FIRE DEPARTMENT

126 DEPOT STREET
ATALISSA,IA52720 		  PC ENGINE REPAIR 25,000

AUGUSTANA COLLEGE

639 38TH STREET
ROCK ISLAND,IL61201 		  PC SCIENTIFIC EQUIPMENT FOR STUDY IN GENETICS 118,062

BACKWATER GAMBLERS

5000 44TH STREET
ROCK ISLAND,IL61201 		  PC SKI EQUIPMENT 25,000

BLAKESBURG PUBLIC LIBRARY

106 EAST STATE STREET
BLAKESBURG,IA52536 		  PC BUILDING RENOVATION 60,000

BRIAR CLIFF UNIVERSITY

3303 REBECCA STREET
SIOUX CITY,IA51104 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 8,000

BUENA VISTA UNIVERSITY

610 WEST 4TH STREET
STORM LAKE,IA50588 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

BUENA VISTA UNIVERSITY

610 WEST 4TH STREET
STORM LAKE,IA50588 		  PC TECHNOLOGY FOR HEALTH SCIENCE EDUCATION 90,000

CASCADE PUBLIC LIBRARY

301 1ST AVENUE W
CASCADE,IA52033 		  PC BUILDING CONSTRUCTION 60,000

CENTER FOR ACTIVE SENIORS INC

1035 WEST KIMBERLY ROAD
DAVENPORT,IA52806 		  PC TECHNOLOGY 10,000

CENTRAL COLLEGE

812 UNIVERSITY
PELLA,IA50219 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

CHILD ABUSE COUNCIL

524 15TH STREET
MOLINE,IL61265 		  PC PROVIDE TRANSITIONAL SUPPORT 50,000

CITY OF DURANT

402 6TH STREET
DURANT,IA52747 		  GOV PLAYGROUND CONSTRUCTION 15,000

CITY OF LETTS

125 E IOWA STREET
LETTS,IA52754 		  GOV PLAYGROUND RENOVATION 20,000

CLARKE UNIVERSITY

1550 CLARKE DRIVE
DUBUQUE,IA52001 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

COE COLLEGE

1220 1ST AVENUE NE
CEDAR RAPIDS,IA52402 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

COMMUNITY FOUNDATION OF GREATER MUSCATINE

215 W MISSISSIPPI DRIVE
MUSCATINE,IA52761 		  PC FAIRPORT FISH HATCHERY EDUCATION 15,000

CONSERVATION CORPS MINNESOTA & IOWA

60 PLATO BLVD E SUITE 210
SAINT PAUL,MN55107 		  PC BUTTERFLY HABITAT 30,000

CORNELL COLLEGE

600 1ST STREET SW
MOUNT VERNON,IA52314 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

DORDT COLLEGE

498 4TH AVENUE NE
SIOUX CENTER,IA51250 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

DRAKE UNIVERSITY

2507 UNIVERSITY AVENUE
DES MOINES,IA50311 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

DUBUQUE COUNTY LIBRARY DISTRICT

5290 GRAND MEADOW DRIVE
ASBURY,IA52002 		  PC CONSTRUCT A NEW BUILDING 80,000

FAMILY MUSEUM

2900 LEARNING CAMPUS DRIVE
BETTENDORF,IA52722 		  PC RENOVATE AN EXHIBIT GALLERY 150,000

FLICKINGER LEARNING CENTER

413 MULBERRY AVENUE
MUSCATINE,IA52761 		  PC VEHICLE 40,000

GRACELAND UNIVERSITY

1 UNIVERSITY PLACE
LAMONI,IA50140 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

GRAND VIEW UNIVERSITY

1200 GRANDVIEW AVENUE
DES MOINES,IA50316 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

GRINNELL COLLEGE

1115 8TH AVENUE
GRINNELL,IA50112 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

GRINNELL COLLEGE

1115 8TH AVENUE
GRINNELL,IA50112 		  PC INSTRUMENTATION FOR INSTRUCTION IN CHEMISTRY 195,000

IOWA CITY VA MEDICAL RESEARCH FOUNDATION

601 US 6
IOWA CITY,IA52246 		  PC FACIAL ANALYSIS SOFTWARE 120,000

IOWA STATE UNIVERSITY FOUNDATION

2415 UNION DRIVE
AMES,IA50011 		  PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 245,000

IOWA STATE UNIVERSITY

2415 UNION DRIVE
AMES,IA50011 		  GOV DEPT OF GENETICS - DEVELOPMENT & CELL BIOLOGY 141,964

JANESVILLE PUBLIC LIBRARY

227 MAIN STREET
JANESVILLE,IA50647 		  PC BUILDING RENOVATION 60,000

JUNIOR ACHIEVEMENT OF THE HEARTLAND

800 12TH AVENUE
MOLINE,IL61265 		  PC CONSTRUCTION OF ACADEMIC CENTER 250,000

LIVING HISTORY FARMS

11121 HICKMAN ROAD
URBANDALE,IA50322 		  PC BUILDING RENOVATION FOR CREATION OF EDUCATIONAL CENTER 450,000

LORAS COLLEGE

1450 ALTA VISTA STREET
DUBUQUE,IA52001 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

LORAS COLLEGE

1450 ALTA VISTA STREET
DUBUQUE,IA52001 		  PC PURCHASE EQUIPMENT FOR PROGRAMS IN ENGINEERING 155,000

LUTHER COLLEGE

700 COLLEGE DRIVE
DECORAH,IA52101 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

MORNINGSIDE UNIVERITY

1501 MORNINGSIDE AVENUE
SIOUX CITY,IA51106 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

MOUNT MERCY UNIVERSITY

1330 ELMHURST DRIVE NE
CEDAR RAPIDS,IA52402 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

MUSCATINE COMMUNITY SCHOOL DISTRICT

2900 MULBERRY AVENUE
MUSCATINE,IA52761 		  GOV 2023 EXCELLENCE IN EDUCATION PROGRAM 85,742

MUSCATINE COMMUNITY SCHOOL DISTRICT

2900 MULBERRY AVENUE
MUSCATINE,IA52761 		  GOV PLANNING FOR ALTERNATIVE SCHOOL 56,000

NATIONAL MISSISSIPPI RIVER MUSEUM & AQUARIUM

350 E 3RD STREET
DUBUQUE,IA52001 		  PC MAJOR GALLERY RENOVATION 200,000

NORTHWESTERN COLLEGE

101 7TH STREET SW
ORANGE CITY,IA51041 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

RIVER BEND FOOD BANK

4010 KIMMEL DRIVE
DAVENPORT,IA52802 		  PC SCHOOL-BASED FOOD DISTRIBUTION EFFORT 95,000

RUDD PUBLIC LIBRARY

402 CHICKASAW STREET
RUDD,IA50471 		  PC BUILDING RENOVATION 60,000

SCIENCE CENTER OF IOWA

401 W MARTIN LUTHER KING JR PKWY
DES MOINES,IA50309 		  PC RENOVATION OF FACILITY 200,000

SIMPSON COLLEGE

701 NORTH C STREET
INDIANOLA,IA50125 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

ST AMBROSE UNIVERSITY

518 WEST LOCUST STREET
DAVENPORT,IA52803 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

TRINITY MUSCATINE FOUNDATION

1518 MULBERRY AVENUE
MUSCATINE,IA52761 		  PC CONSTRUCTION OF NEW HEALTH FACILITY 1,000,000

UNIVERSITY OF DUBUQUE

2000 UNIVERSITY AVENUE
DUBUQUE,IA52001 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV SUPPORT RESEARCH OF PROTEIN STRUCTURE, CONFORMATION AND FUNCTION 87,444

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV RESEARCH TO DEFINE INFLUENCES ON FETAL BRAIN DEVELOPMENT 147,980

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV PURCHASE OF ADVANCED FLOW CYTOMETRY EQUIPMENT 419,973

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV ACQUIRE INSTRUMENTATION FOR NANOSCALE BIOLOGICAL ANALYSIS 173,864

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV ACQUIRE NUCLEAR IMAGING SCANNER FOR SMALL ANIMAL IMAGING 409,002

UNIVERSITY OF ILLINOIS

1305 WEST GREEN STREET
URBANA,IL61801 		  GOV PURCHASE OF ADVANCED MASS SPECTROMETRY DEVICE 500,000

UNIVERSITY OF IOWA FOUNDATION

PO BOX 4550
IOWA CITY,IA52244 		  PC CARVER STATEWIDE SCHOLARSHIPS 245,000

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV ENGINEERING - DIRECT THE 2022 GIFT PAYOUT - MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BME 1,500,000

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV UPGRADE MICROSCOPY AND SPECTROSCOPY INSTRUMENTATION 390,073

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV MEDICINE - EMFS TO TREAT TYPE II DIABETES - DR VAL SHEFFIELD 166,000

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV CCOM - DIRECT THE 2022 GIFT PAYOUT FOR THE IOWA NEUROSCIENCE INSTITUTE 3,100,000

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV BIOLOGY - PURCHASE EQUIPMENT FOR GENOMIC RESEARCH 355,779

UNIVERSITY OF IOWA

PO BOX 4550
IOWA CITY,IA52244 		  GOV PHYSICS - UPDATE RESOURCES FOR SPACE PHYSICS 687,416

UNIVERSITY OF NORTHERN IOWA FOUNDATION

1227 WEST 27TH STREET
CEDAR FALLS,IA50614 		  GOV CARVER STATEWIDE SCHOLARSHIPS 245,000

UNIVERSITY OF NORTHERN IOWA

1227 WEST 27TH STREET
CEDAR FALLS,IA50614 		  GOV IMPROVE LABORATORY FOR STUDY OF HEARING DISORDERS 200,000

UNIVERSITY OF NORTHERN IOWA

1227 WEST 27TH STREET
CEDAR FALLS,IA50614 		  GOV UPDATE EQUIPMENT FOR EARTH SCIENCE 240,000

UPPER IOWA UNIVERSITY

605 WASHINGTON STREET
FAYETTE,IA52142 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

WARTBURG COLLEGE

100 WARTBURG BLVD
WAVERLY,IA50677 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 16,000

WAVERLY PUBLIC LIBRARY

1500 W BREMER AVENUE
WAVERLY,IA50677 		  PC EXPAND AND MODERNIZE LIBRARY 80,000

WEST LIBERTY SCHOOL DISTRICT

1103 N ELM STREET
WEST LIBERTY,IA52776 		  PC CONSTRUCTION OF ACTIVITIES COMPLEX 100,000

WESTERN ILLINOIS UNIVERSITY

1 UNIVERSITY CIRCLE
MACOMB,IL61455 		  PC EQUIPMENT TO EXPAND SCIENCE LABORATORY 136,919

WILLIAM PENN UNIVERSITY

201 W TRUEBLOOD AVENUE
OSKALOOSA,IA52577 		  PC PRIVATE COLLEGE CARVER SCHOLARSHIP PROGRAM 4,000

YMCA OF THE QUAD CITIES

630 E 4TH STREET
DAVENPORT,IA52801 		  PC MEET ADDITIONAL COSTS OF CONSTRUCTION 150,000

YOUTH SPORTS FOUNDATION

2923 CEDAR STREET 3
MUSCATINE,IA52761 		  PC SAFETY AND EQUIPMENT 20,925
Total .................................right arrow 3a 14,014,143
bApproved for future payment

CHILD ABUSE COUNCIL
524 15TH STREET
MOLINE,IL61265 		  PC PROVIDE TRANSITIONAL SUPPORT 25,000

IOWA PUBLIC RADIO
2111 GRAND AVENUE SUITE 100
DES MOINES,IA50312 		  PC SUPPORT AN EDUCATIONAL TRAINING PROGRAM 150,000

IOWA STATE UNIVERSITY FOUNDATION
2415 UNION DRIVE
AMES,IA50011 		  PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500

UNIVERSITY OF ILLINOIS
1305 WEST GREEN STREET
URBANA,IL61801 		  GOV STUDY THE EFFECTS OF MATERNAL VIRAL INFECTION DURING PREGNANCY ON FETAL BRAIN DEVELOPMENT 272,060

UNIVERSITY OF IOWA FOUNDATION
PO BOX 4550
IOWA CITY,IA52244 		  PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500

UNIVERSITY OF IOWA
PO BOX 4550
IOWA CITY,IA52244 		  GOV PROVIDE MAJOR PROGRAM AND ENDOWMENT SUPPORT 21,550,000

UNIVERSITY OF IOWA
PO BOX 4550
IOWA CITY,IA52244 		  GOV SUPPORT A MAJOR INITIATIVE IN RESPIRATORY AND PULMONARY BIOMEDICAL ENGINEERING 4,500,000

UNIVERSITY OF NORTHERN IOWA FOUNDATION
1227 WEST 27TH STREET
CEDAR FALLS,IA50614 		  PC CARVER STATEWIDE SCHOLARSHIP PROGRAM 367,500
Total ................................. right arrow 3b 27,599,560
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-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 1,534  
4 Dividends and interest from securities ....     14 6,003,615  
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 11,267,881  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aGRANT RECOVERIES 		    01 25,000  
bCHANGE IN ACCRUED EXCISE TAX     01 521,000  
cPARTNERSHIP UBI INCOME REPORTED ON K-1 901101 32,058 14 -32,058  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 32,058 17,786,972 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
17,819,030
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2022)
Form 990-PF (2022)
Page 13
Part XVI
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.
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with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
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Firm's name SmallBullet
 Firm's EIN SmallBullet
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Form 990-PF (2022)
Additional Data


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 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 41,325 8,265   33,060

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TY 2022 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 1,331,453 914,663 SL 39.000000000000 34,140 0    
LAND IMPROVEMENTS 1995-07-27 10,475 7,196 SL 39.000000000000 269 0    
LAND IMPROVEMENTS 1995-07-27 26,873 18,461 SL 39.000000000000 689 0    
BUILDING ADDITIONS 2003-04-22 210,035 100,204 SL 40.000000000000 5,251 0    
SITE IMPROVEMENTS 2003-04-22 240,860 229,820 SL 20.000000000000 11,039 0    
CIRCUIT BOARD 2006-11-01 676 262 SL 40.000000000000 17 0    
ROOFING REPAIRS 2007-09-01 670 252 SL 39.000000000000 17 0    
BOILER REPAIR 2009-09-29 665 211 SL 40.000000000000 17 0    
BOILER REPAIR 2010-02-24 712 218 SL 40.000000000000 18 0    
REPAIR BACKFLOW PREVENTION SYSTEM 2010-06-15 577 172 SL 40.000000000000 14 0    
ROOF REPLACEMENT 2012-10-13 47,874 22,939 SL 20.000000000000 2,393 0    
FAN ASSEMBLY 2013-05-01 3,205 2,885 SL 10.000000000000 320 0    
COPIER - KYOCERA TASKALFA 5551CI 2014-05-01 14,634 11,708 SL 10.000000000000 1,463 0    
SHREDDER - DESTROYIT 3804SC 2014-07-31 3,160 2,475 SL 10.000000000000 316 0    
UPS POWER BACKUP (APC PRO-1500) 2014-07-13 531 416 SL 10.000000000000 53 0    
COMPUTER - DELL OPTIPLEX (SECRETARY) 2014-07-13 1,359 1,064 SL 10.000000000000 136 0    
COMPUTER - DELL OPTIPLEX 3020 (RECEPTION AREA) 2014-07-13 1,337 1,047 SL 10.000000000000 134 0    
PARKING LOT (REPLACEMENT) 2014-09-09 46,744 17,919 SL 20.000000000000 2,337 0    
BOILER - HONEYWELL MOTOR M8185D 1006 2014-09-30 516 99 SL 40.000000000000 13 0    
BOILER - RAYPAK MODEL H3-0182 2014-09-24 3,675 704 SL 40.000000000000 92 0    
COMPUTER - DELL LATITUDE E6440 (LAPTOP) 2015-02-25 1,681 1,219 SL 10.000000000000 168 0    
WATER HEATER (ELECTRIC) 2015-05-05 632 111 SL 40.000000000000 16 0    
INVENSYS ZONE VALVE & MOTORS (HVAC SYSTEM) 2015-05-29 999 175 SL 40.000000000000 25 0    
ACCESS CONTROL SYSTEM (PER MAR) 2015-08-14 7,212 1,217 SL 40.000000000000 180 0    
ACCESS CONTROL SYSTEM (PER MAR) 2015-09-08 1,792 299 SL 40.000000000000 45 0    
COMPUTER - DELL LATITUDE E7450 LAPTOP 2015-07-10 1,607 1,098 SL 10.000000000000 161 0    
CHRISTMAS TREE - 10' FRASER FIR 2015-10-23 1,799 1,184 SL 10.000000000000 180 0    
CABINET - COMPUTER EQUIPMENT 2015-11-10 1,386 901 SL 10.000000000000 139 0    
COMPUTER - DELL LATITUDE E7450 ULTRA LAPTOP 2016-04-19 1,411 858 SL 10.000000000000 141 0    
LIFEPAK CR - AUTOMATIC DEFIBRILLATOR 2018-05-14 1,575 630 SL 10.000000000000 158 0    
OFFICE CHAIRS (3) 2018-09-12 3,081 1,130 SL 10.000000000000 308 0    
FOUNTAIN PUMP 2018-06-28 4,035 395 SL 40.000000000000 101 0    
GATE OPENER HEATERS (2) 2018-10-15 1,199 107 SL 40.000000000000 30 0    
REAR GATE OPENERS 2019-05-01 11,659 874 SL 40.000000000000 291 0    
FIRE ALARM PANEL 2019-12-01 1,233 298 SL 10.000000000000 123 0    
SECURITY CAMERA SYSTEM 2020-01-15 16,003 3,734 SL 10.000000000000 1,600 0    
PROJECTOR & SCREEN 2020-08-01 8,137 1,424 SL 10.000000000000 814 0    
SECURITY CAMERA SYSTEM 2020-06-01 1,707 327 SL 10.000000000000 171 0    

TY 2022 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 107,312 106,194
ALEXANDRIA REAL 113,037 107,504
AMEREN ILL CO 113,720 107,584
AMERICAN EXPRESS CO 163,655 163,444
AMPHENOL 19,932 20,109
AT&T 116,785 110,801
BANK AMERICA 151,373 145,361
BANK MONTREAL QUE 10,000 10,165
BANK NEW YORK MELLON 142,118 142,335
BANK NOVA SCOTIA BC 40,000 37,586
BANK OF AMERICA 232,796 215,313
BANK OF NOVA SCOTIA 69,926 68,470
BAXTER INTERNATIONAL 65,993 65,932
BAYLOR SCOTT & WHITE 73,845 72,279
BHP BILLITON FIN USA 129,732 131,593
BLACK HILLS 204,268 198,494
BOEING 122,795 119,173
BSTN PPTYS 113,913 102,532
CAPITAL ONE FINANCIAL 187,935 182,107
CELANESE US HOLDINGS 115,000 116,409
CENTERPOINT ENERGY RES 71,548 71,284
CITIGROUP 349,076 343,965
CNH INDL CAP 29,811 30,328
CNH INDL NV 238,407 234,432
COMMONSPIRIT HEALTH 100,618 97,056
CONOCOPHILLIPS CO 9,997 9,768
CREDIT SUISSE GROUP 257,157 233,097
CVS HEALTH 70,305 69,091
DTE ENERGY CO 40,003 39,412
DUKE UNIV HEALTH SYS 69,489 67,959
ENBRIDGE 39,998 38,276
ENERGY TRANSFER 204,301 198,666
ENTERGY LOUISIANA 116,383 113,709
ERP OPER 113,448 106,427
FIDELITY NATIONAL INFORMATION SERVICES 29,989 29,700
FIFTH THIRD BANCORP 10,000 9,463
FISERV 111,869 106,890
FLORIDA POWER & LIGHT CO 49,935 51,770
GENERAL MOTORS FINANCIAL 100,092 97,746
GOLDMAN SACHS GROUP 300,714 291,288
HCP 31,399 29,308
HP 113,781 108,468
HP ENTERPRISE CO 59,960 60,639
HSBC HOLDINGS 200,000 190,652
HUNGTINGTON 20,000 18,983
IBM 149,704 150,190
INGERSOLL-RAND 69,942 67,710
INGREDION 18,988 19,049
INTEL 20,000 20,262
INTERSTATE POWER & LIGHT 112,468 106,953
IPALCO ENTERPRISES 239,938 233,315
JOHNS HOPKINS HEALTH 174,786 174,841
JPMORGAN CHASE & CO 294,500 284,323
KANSAS CITY POWER & LIGHT 111,071 105,518
KIMCO REALTY 123,061 115,554
LENNOX INTERNATIONAL 112,615 110,197
LOUISVILLE GAS & ELECTRIC CO 111,056 106,060
LOWE'S COMPANIES 49,999 49,805
MAGELLAN MIDSTREAM 64,966 60,593
MARATHON OIL 100,625 101,279
MCCORMICK & CO 113,080 107,218
MICROCHIP TECHNOLOGY 233,436 220,910
MORGAN STANLEY 345,485 335,964
MPLX 82,731 82,788
NEXTERA ENERGY CAPITAL HOLDINGS 120,304 119,638
NNN REIT 107,234 101,835
NORFOLK SOUTHERN 115,211 107,040
NUTRIEN 78,633 78,408
NXP 39,355 39,357
ONCOR ELECTRIC 112,838 106,797
ORACLE 120,154 121,250
PARKER-HANNIFIN 59,959 59,106
PETROLEOS 42,500 41,895
PHILLIPS VAN HEUSEN 153,789 146,086
PLAINS ALL AMERICAN PIPELINE 126,289 123,729
PNC FINANCIAL SERVICES GROUP 50,000 49,429
PROTECTIVE LIFE 147,195 141,168
PUBLIC SERVICE ENTERPRISE GROUP 116,347 117,143
PVTPL 7-ELEVEN 29,929 27,118
PVTPL ANGLO AMERICAN CAP 195,998 195,254
PVTPL BAE SYS HOLDINGS 110,860 108,004
PVTPL BMW US CAP 86,548 86,359
PVTPL EAST OHIO GAS CO 83,222 83,012
PVTPL EMD FINANCE 113,477 106,664
PVTPL FLORIDA GAS TRANSMISSION CO 9,725 9,839
PVTPL GEOGIA-PACIFIC 123,846 117,322
PVTPL GRAY OAK PIPELINE 270,740 266,713
PVTPL GULFSTREAM NATURAL GAS SYS 113,801 107,479
PVTPL NORTHWESTERN MUTUAL 114,961 113,036
PVTPL PENNSYLVANIA ELECTRIC CO 200,962 194,533
PVTPL PRINCIPAL LIFE GLOBAL FUNDING II 117,718 112,633
PVTPL ROGERS COMMUNICATIONS 39,979 38,116
RAYTHEON 39,989 40,675
ROCHESTER GAS & ELECTRIC 74,501 75,421
ROYAL BK CDA 49,968 50,032
ROYAL BK CDA GLOBAL 44,579 44,505
RYDER SYSTEM 110,516 108,245
SABINE PASS LIQUEFACTION 109,366 100,009
SANTA ROSA LEASING 10,400 10,185
SEMPRA ENERGY 39,929 38,837
SHERWIN-WILLIAMS 19,992 19,744
SOUTHERN CALIFORNIA EDISON 111,013 109,067
STANLEY BLACK & DECKER 19,973 19,098
STARBUCKS 59,927 60,516
STATE STREET 60,000 56,665
SUTTER HEALTH 45,212 46,122
TAKE-TWO INTERACTIVE SOFTWARE 34,983 34,650
T-MOBILE USA 46,961 46,898
TORONTO DOMINOIN BK 140,000 141,310
TRUIST FINANCIAL 150,040 145,236
TYCO ELECTRONICS 49,906 50,092
UDR 71,008 65,672
UNION PACIFIC 67,370 68,161
VENTAS REALTY 110,567 104,524
VERISIGN 45,000 44,257
VULCAN MATERIALS 60,448 59,476
WARNERMEDIA HOLDINGS 100,000 95,870
WELLS FARGO & CO 270,000 260,553
WELLTOWER 113,346 107,226
WESTROCK CO 113,519 106,995
WI ENERGY 113,511 106,319
WILLIAMS COMPANIES 29,972 30,602
WILLIAMS PARTNERS 111,568 108,030
WISCONSIN PUB SVC 9,998 10,173

TY 2022 InvestmentsCorpStockSchedule
Name:
ROY J CARVER CHARITABLE TRUST
EIN:
42-1186589
Name of Stock End of Year Book Value End of Year Fair Market Value
5TH 3RD BANCORP 148,081 254,140
ABBVIE 17,022 105,784
ACADEMY SPORTS & OUTDOORS 185,157 266,784
ACUITY BRANDS 125,443 173,118
ADEIA 50,005 45,756
ADVANCED ENERGY INDUSTRIES 98,629 714,144
AFLAC 153,144 412,115
AGCO 127,915 309,850
ALASKA AIR GROUP 201,200 199,916
ALBERTSONS COS 186,028 183,920
ALTRIA GROUP 142,879 156,783
AMERICAN AIRLINES 141,766 53,196
AMERICAN AXLE & MFG HOLDINGS 954,593 700,056
AMERICAN FINANCIAL GROUP 92,329 171,822
AMERICAN HOMES 4 RENT 175,896 181,433
AMERICAN INTERNATIONAL GROUP 250,991 249,288
AMERICAN TOWER 826,919 690,634
AMERICOLD REALTY TRUST 516,538 528,892
AMERIPRISE FINANCIAL 46,356 396,656
AMERISAFE 173,894 567,853
AMGEN 79,294 407,558
ANNALY CAPITAL MANAGEMENT 173,352 111,388
ANYWHERE REAL ESTATE 1,187,743 636,713
APARTMENT INCOME REIT 313,826 282,157
APPLIED MATERIALS 95,707 180,848
ARCHER-DANIELS-MIDLAND CO 171,873 163,968
ARES COMMERCIAL REAL ESTATE 610,401 537,720
ARROW ELECTRONICS 196,489 274,632
AT&T 634,448 514,197
AVNET 130,816 132,032
B & G FOODS 684,070 896,941
BANC CALIFORNIA 660,070 501,659
BANK NEW YORK MELLON 392,712 368,872
BANK OF AMERICA 25,161 131,760
BELDEN 216,130 818,563
BERRY GLOBAL GROUP 139,269 181,523
BEST BUY 168,255 193,752
BIG LOTS 97,971 28,768
BIOGEN 68,983 91,269
BOYD GAMING 116,016 159,065
BRISTOL MYERS SQUIBB 464,482 567,545
BRIXMOR PROPERTY GROUP 125,865 125,847
CALIFORNIA RESOURCES 183,010 170,100
CAMDEN PROPERTY TRUST 692,748 589,208
CAPITAL ONE FINANCIAL 108,957 204,330
CAPRI HOLDINGS 122,838 116,034
CARDINAL HEALTH 272,569 279,140
CARTER 197,925 160,471
CELANESE 90,475 95,616
CENTENE 149,725 151,646
CHESAPEAKE ENERGY 188,082 157,092
CHILDRENS PLACE 678,641 574,008
CIRRUS LOGIC 199,846 901,739
CISCO SYSTEMS 153,751 359,100
CITIGROUP 570,521 517,770
CITIZENS FINANCIAL GROUP 278,393 191,828
CIVITAS RESOURCES 114,540 109,789
COLUMBIA BANKING SYSTEM 275,201 353,252
COMCAST 454,073 558,495
COMMSCOPE HOLDING CO 1,112,580 653,940
COMSTOCK RESOURCES 614,088 897,736
CONAGRA BRANDS 202,005 251,447
CONDUENT 1,347,373 632,411
CONSENSUS CLOUD SOUTIONS 20,592 26,131
CRANE HOLDINGS 50,155 100,898
CRANE NXT CO 26,845 66,304
CROSS COUNTRY HEALTHCARE 609,536 521,585
CROWN CASTLE 836,557 649,792
CUMMINS 213,147 329,056
CVS HEALTH 441,867 395,874
D R HORTON 142,203 285,532
DAVITA 148,450 153,612
DECKERS OUTDOOR 137,559 1,433,227
DELL TECHNOLOGIES 278,806 226,148
DELTA AIR LINES 222,685 154,395
DIAMONDROCK HOSPITALITY 682,193 693,705
DIGITAL REALTY TRUST 1,574,657 1,350,820
DIODES 199,299 175,340
DISCOVER FINANCIAL SERVICES 41,589 186,246
DYCOM INDUSTRIES 354,697 1,251,945
EAGLE PHARMACEUTICALS 1,037,042 646,430
EARTHSTONE ENERGY 712,078 711,724
EASTMAN CHEMICAL 68,820 193,821
EBAY 137,722 171,791
ENCORE CAPITAL GROUP 402,783 1,009,000
ENERGIZER HOLDINGS 137,845 120,348
ENERSYS 143,895 637,376
EQUINIX 617,084 676,291
ESSEX PROPERTY TRUST REIT 101,950 86,793
EVEREST RE GROUP 60,069 226,800
EXTRA SPACE STORAGE 127,746 125,281
EXXON MOBIL 622,538 994,056
FEDEX 249,477 318,892
FLEX 202,010 174,845
FOOT LOCKER 208,471 163,761
FORD MOTOR 408,489 294,624
FOX 325,834 296,014
GATX 101,288 760,919
GENERAL MOTORS 321,847 303,968
GENESCO 234,683 427,323
GILEAD SCIENCES 471,510 468,597
GOLDMAN SACHS GROUP 93,283 274,752
GOODYEAR TIRE & RUBBER 254,436 83,226
GREEN DOT 864,618 682,323
GREENBRIER COS 550,553 584,307
GRIFFON 535,521 784,025
GROUP 1 AUTOMOTIVE 146,702 1,361,022
HANESBRANDS 170,833 62,356
HARLEY DAVIDSON 250,619 155,820
HARTFORD FINANCIAL SERVICES GROUP 134,431 340,752
HCA HEALTHCARE 87,993 373,529
HEALTHCARE REALTY TRUST 478,319 420,819
HERBALIFE 108,831 75,786
HEWLETT PACKARD ENTERPRISE CO 122,486 189,024
HF SINCLAIR 159,648 207,317
HIBBETT 337,917 1,045,907
HIGHWOODS PROPERTIES 373,509 251,570
HILLENBRAND 171,797 191,604
HOMESTREET 226,890 49,776
HOPE BANCORP 750,504 547,520
HOST HOTELS & RESORTS 485,456 474,250
HP 149,193 368,404
HUNTINGTON INGALLS INDUSTRIES 143,250 141,162
HUNTSMAN 123,115 227,715
INGREDION 142,425 180,489
INTEGER HOLDINGS 175,191 845,570
INTEL 212,128 298,176
INTERNATIONAL BUSINESS MACHINES 145,610 164,333
INTERNATIONAL PAPER COMPANY 150,139 122,507
INVITATION HOMES 1,165,864 1,128,206
IRON MOUNTAIN 263,367 277,470
ITRON 295,662 414,811
JAZZ PHARMACEUTICALS 279,336 287,963
JONES LANG LASALLE 348,495 281,834
KEYCORP 268,253 127,238
KIMCO REALTY 334,423 342,043
KOHLS 195,115 81,511
KOPPERS HOLDINGS 915,870 997,457
KRAFT HEINZ 213,724 247,401
KROGER 180,263 442,533
LA Z BOY 512,819 712,877
LEAR 33,600 105,958
LENNAR 170,691 338,430
LIGAND PHARMACEUTICALS 325,111 484,059
LINCOLN NATIONAL 137,517 58,671
LITHIA MOTORS 95,578 939,224
LOCKHEED MARTIN 134,503 185,780
LOUISIANA-PACIFIC 43,654 81,246
LYONDELLBASELL INDUSTRIES 203,758 208,142
M D C HOLDINGS 582,787 934,321
MACYS 164,687 39,216
MARATHON OIL 214,871 200,528
MARATHON PETROLEUM 9,291 280,600
MEDICAL PROPERTIES TRUST 207,761 90,331
MERCK & CO 318,791 889,119
META PLATFORMS 238,147 384,512
METLIFE 90,153 226,921
MGIC INVESTMENT CORP WI 67,265 133,830
MID-AMERICA APARTMENT COMMUNITIES 629,492 611,663
MOLSON COORS BREWING 297,838 327,140
MORGAN STANLEY 62,343 260,913
MOSAIC CO 150,571 179,970
NCR 131,418 100,305
NEXSTAR MEDIA GROUP 202,082 190,795
NEXTGEN HEALTHCARE 758,180 1,063,224
NMI HOLDINGS 475,385 559,260
NORTHWEST NATURAL HOLDINGS CO 862,111 854,484
NRG ENERGY 184,562 201,603
ORACLE 95,779 170,496
ORGANON & CO 82,929 68,964
OSHKOSH 92,412 99,476
OWENS & MINOR 457,745 785,500
OWENS CORNING 134,276 267,025
PACWEST BANCORP 248,911 205,294
PATTERSON COS 445,653 728,202
PEDIATRIX MEDICAL GROUP 696,473 517,972
PENNYMAC MORTGAGE INVESTMENT TRUST 397,214 427,294
PFIZER 232,393 544,460
PHIBRO ANIMAL HEALTH 910,682 718,078
PHILLIPS 66 64,492 207,900
PRESTIGE CONSUMER HEALTHCARE 529,470 891,631
PRIMORIS SERVICES 615,735 818,834
PROASSURANCE 482,086 472,294
PROLOGIS 1,750,140 1,906,556
PUBLIC STORAGE 636,440 607,350
QORVO 144,810 101,288
QUEST DIAGNOSTICS 110,326 124,929
RADIAN GROUP 114,590 172,317
REALITY INCOME 1,196,235 1,155,753
REGIONS FINANCIAL 242,708 233,728
RELIANCE STEEL & ALUMINUM CO 145,652 148,680
SANMINA 117,124 240,396
SBA COMMUNICATIONS 743,344 672,314
SCANSOURCE 866,780 858,790
SEAGATE TECHNOLOGY 27,910 99,909
SELECT MEDICAL HOLDINGS 348,255 1,289,723
SELECTIVE INSURANCE GROUP 211,252 1,231,386
SERVICE PROPERTIES TRUST 132,667 45,604
SIMON PROPERTY GROUP 1,023,427 1,146,798
SKYWORKS SOLUTIONS 145,967 142,965
SLEEP NUMBER 50,107 24,805
SMUCKER J M 41,381 62,536
SNAP-ON 195,382 207,528
SPIRIT REALTY 281,517 281,296
SPROUTS FARMERS MARKET 129,823 204,494
STATE STREET 74,394 122,842
STIFEL FINANCIAL 90,421 89,955
SUN COMMUNITIES 583,986 527,934
SYLVAMO 74,069 77,894
SYNAPTICS 216,206 526,224
SYNCHRONY FINANCIAL 218,166 153,452
TD SYNNEX 14,175 86,547
TETRA TECHNOLOGIES 57,449 839,906
TEXTRON 147,727 194,126
THE CIGNA GROUP 246,807 303,948
THOR INDUSTRIES 186,756 189,648
TITAN MACHINERY 582,268 623,238
TRINSEO 83,966 21,744
TRIUMPH GROUP 829,026 517,031
TRUIST FINANCIAL 193,045 133,578
TTM TECHNOLOGIES 982,028 743,251
TYSON FOODS 41,577 149,976
UDR 580,957 533,446
UGI 183,975 149,072
ULTRA CLEAN HOLDINGS 231,446 942,191
UNITED AIRLINES 202,524 179,580
UNITED BANKSHARES 193,819 355,021
VALERO ENERGY 23,249 183,472
VERADIGM 496,034 673,361
VERITEX HOLDINGS 656,068 403,058
VERIZON COMMUNICATIONS 658,693 508,673
VIATRIS 150,279 131,553
VICTORY CAPITAL HOLDINGS 95,852 98,339
VISHAY INTERTECHNOLOGY 104,864 159,675
VISTRA 134,907 167,020
VMWARE 149,157 154,162
VOYA FINANCIAL 191,321 221,792
WALGREENS BOOTS ALLIANCE 392,049 197,400
WARNER BROTHERS DISCOVERY 85,104 43,552
WASHINGTON FEDERAL 341,868 625,348
WEBSTER FINANCIAL 476,470 851,261
WELLS FARGO & CO 338,011 397,500
WELLTOWER 1,200,926 1,266,649
WESTROCK 40,515 21,101
WEX 104,064 621,789
WEYERHAEUSER CO 106,039 94,785
WHIRLPOOL 111,724 223,344
WORTHINGTON INDUSTRIES 237,510 751,818
XEROX HOLDINGS 128,922 94,804
ZIONS BANCORPORATION 195,643 108,654

TY 2022 InvestmentsGovtObligationsSch
Name:
ROY J CARVER CHARITABLE TRUST
EIN:
42-1186589
US Government Securities - End of Year Book Value:

9,755,929
US Government Securities - End of Year Fair Market Value:

9,774,192
State & Local Government Securities - End of Year Book Value:


1,349,460
State & Local Government Securities - End of Year Fair Market Value:


1,304,239


TY 2022 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
ACADIAN INTERNATIONAL ALL CAP FUND AT COST 15,845,164 33,374,520
ADAMS STREET 2009 DIRECT FUND AT COST 15,409 108,365
ADAMS STREET 2013 GLOBAL FUND AT COST 4,174,722 8,548,643
ADAMS STREET CO-INVESTMENT FUND III A AT COST 2,721,013 7,020,794
ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND AT COST 583,530 108,160
ADAMS STREET PARTNERSHIP FUND - 2003 US FUND AT COST 1,283,448 115,553
ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND AT COST 613,799 109,494
ADAMS STREET PARTNERSHIP FUND - 2005 US FUND AT COST 1,075,482 187,718
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND AT COST 399,611 496,631
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND AT COST 174,098 300,341
ADAMS STREET PARTNERSHIP FUND - 2009 US FUND AT COST 746,136 1,123,878
EXPORT-IMPORT BK AT COST 39,703 38,613
ISHARES TR EAFE SMALL CAP ETF AT COST 11,913,260 16,690,242
ISHARES TR RUSSELL 1000 GROWTH ETF AT COST 5,147,211 17,422,856
ISHARES TR RUSSELL MIDCAP ETF AT COST 14,141,791 34,209,516
MFO ADVISORS INNER CIRCLE FUND III AT COST 16,725,722 17,062,792
MSN 41079 & 41084 LTD SECD NT AT COST 22,960 22,364
SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20 AT COST 1,173 1,216
SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2005-20F AT COST 3,081 3,385
SMALL BUSINESS ADMIN GTD DEV PARTN CTF SER 2013-20A AT COST 51,069 47,021
SMALL BUSINESS ADMIN GTD DEV SER 2012-20K AT COST 53,029 48,974
SMALL BUSINESS ADMIN GTD PARTN CTFS SER 2015-10B AT COST 40,712 39,313
SMALL BUSINESS ADMIN GTD PARTN CTFS SER SBIC 2014-10 AT COST 53,551 52,386
SMALL BUSINESS ADMIN GTD SER 2014-10B AT COST 15,721 15,278
SMALL BUSINESS ADMIN SER 2015-10A AT COST 37,649 36,167
SMITHSONIAN INSTN GEN OBLIG BD SER 2020 AT COST 243,462 245,764
THE EMERGING WORLD INVESTORS LP AT COST 32,500,000 48,329,491
TRIUMPH GROUP (RIGHTS/WARRANTS) AT COST 0 3,850

TY 2022 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 1,738,856 1,208,689 530,167 538,353
FURNITURE & FIXTURES 282,936 219,917 63,019 54,833
IMPROVEMENTS 392,704 356,602 36,102 36,102
LAND 567,038 0 567,038 567,038
CONSTRUCTION IN PROGRESS 2,079,260 0 2,079,260 2,079,260


TY 2022 LegalFeesSchedule
Name:
ROY J CARVER CHARITABLE TRUST
EIN:
42-1186589
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 18,804 3,761   15,043


TY 2022 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 440,293 377,675 377,675
EXCISE TAX RECEIVABLE 113,000 190,000 190,000


TY 2022 OtherDecreasesSchedule
Name:
ROY J CARVER CHARITABLE TRUST
EIN:
42-1186589
Description Amount
PRIOR PERIOD ADJUSTMENT NOT FOR TAX 7,491


TY 2022 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 2,121 0   2,121
POSTAGE 2,779 556   2,223
BUILDING & GROUNDS EXPENSES 70,281 14,056   56,225
OFFICE EXPENSES 40,187 8,037   32,150
TELEPHONE 4,580 916   3,664
MISCELLANEOUS EXPENSE 90,479 18,096   72,383
INSURANCE 21,173 4,235   16,938
PORTFOLIO DEDUCTIONS (FROM INV) 4 4   0
PORTFOLIO DEDUCTIONS (FROM K-1'S) 0 855,763   0


TY 2022 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   14,889  
ADAMS STREET 2009 DIRECT FUND LP   191  
ADAMS STREET 2009 DIRECT FUND LP (UBI)   -444  
ADAMS STREET 2013 GLOBAL FUND LP   67,550  
ADAMS STREET 2013 GLOBAL FUND LP (UBI)   -41,953  
ADAMS STREET CO-INVESTMENT FUND IIIA LP   -49,714  
ADAMS STREET CO-INVESTMENT FUND IIIA LP (UBI)   34,661  
ADAMS STREET PARTNERSHIP FUND - 2003 NON-US FUND LP   25  
ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP   13,485  
ADAMS STREET PARTNERSHIP FUND - 2003 US FUND LP (UBI)   -8,533  
ADAMS STREET PARTNERSHIP FUND - 2005 NON-US FUND LP   35  
ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP   4,884  
ADAMS STREET PARTNERSHIP FUND - 2005 US FUND LP (UBI)   501  
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP   -291  
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US DEVELOPED MARKETS FUND LP (UBI)   -47  
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP   -273  
ADAMS STREET PARTNERSHIP FUND - 2009 NON-US EMERGING MARKETS FUND LP (UBI)   23  
ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP   6,398  
ADAMS STREET PARTNERSHIP FUND - 2009 US FUND LP (UBI)   -16,266  
THE EMERGING WORLD INVESTORS LP   -1,977,016  
GRANT RECOVERIES 25,000   25,000
CHANGE IN ACCRUED EXCISE TAX 521,000   521,000


TY 2022 OtherLiabilitiesSchedule
Name:
ROY J CARVER CHARITABLE TRUST
EIN:
42-1186589
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED EXCISE TAX 1,732,000 1,333,000


TY 2022 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 1,119,673 1,119,673   0
INVESTMENT CONSULTING FEES 64,000 64,000   0
PROFESSIONAL CONSULTING FEES 10,418 720   9,698


TY 2022 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 PAID (FORM 990-PF) 492,000 0   0
FOREIGN TAX PAID (FROM K-1'S) 0 192,306   0
IA STATE TAX (FORM 1120) 8 0   0