2025-09-05T15:39:26-05:00 2025-06-30 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990PF 2024-07-01 426059463 John Ruan Foundation Trust JOHN 5152452552 11207 NW Aurora Avenue Urbandale IA 50322 John Ruan IV Trustee 5152452552 2025-09-05 1 1 Deb Nelson CPA P01264758 6122536500 2025-09-05 2024 2025-03-06 01:10:19Z X 85543582 X X 4656 4656 5306063 5306063 -78372 23109357 0 3223 0 5235570 5310719 0 0 0 3124 1562 1562 68527 68527 0 72669 1669 0 303258 251804 51454 447578 323562 53016 4042500 4042500 4490078 323562 4095516 745492 4987157 338556 168618 168618 42492 21156 42492 42492 14228386 16254897 16084697 83068648 78761474 64498518 1793758 4968515 4749257 99450504 100195996 85543582 0 0 X 98778410 99450504 0 0 672094 745492 99450504 100195996 99450504 100195996 99450504 745492 0 100195996 0 100195996 Sale of Publicly Traded Securities P 13390006 12597246 792760 792760 Sale of Publicly Traded Securities P 9719351 10590483 -871132 -871132 -78372 69321 0 69321 0 69321 66521 0 3000 0 69521 X 0 200 200 0 0 0 0 0 0 0 0 0 0 0 1 1 IA 1 0 0 0 0 1 N/A Tracey Ball 5152452552 11207 NW Aurora Avenue Urbandale IA 50322 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 John Ruan IV 11207 NW Aurora Avenue Urbandale IA 50322 Trustee 0.50 0 0 0 NONE 0 NONE 0 0 86997518 350018 0 87347536 0 0 87347536 1310213 86037323 4301866 4301866 69321 69321 4232545 0 4232545 0 4232545 4095516 0 4095516 4232545 342526 0 0 4095516 342526 0 0 3752990 0 0 0 0 0 0 0 0 479555 0 0 0 John Ruan IV John Ruan IV 11207 NW Aurora Avenue Urbandale IA 50322 5152452575 No special form None None NATURE CONSERVANCY 505 Fifth Avenue Suite 930 Des Moines IA 50309 None PC Conservation, Environment and Beautification Activities 5000 MACNIDER ART MUSEUM 303 Second Street SE Mason City IA 504013988 None PC Cultural, Historical or Other Education Activities 2500 DES MOINES ART CENTER 4700 Grand Ave Des Moines IA 503122099 None PC Cultural, Historical or Other Education Activities 10000 SCIENCE CENTER OF IOWA 401 W ML King Parkway Des Moines IA 50309 None PC Cultural, Historical or Other Education Activities 10000 CIVIC CENTER OF GREATER DES MOINES 221 Walnut Street Des Moines IA 50309 None PC Cultural, Historical or Other Education Activities 10000 DES MOINES ARTS FESTIVAL 400 Locust Street Suite 255 Des Moines IA 50309 None PC Cultural, Historical or Other Education Activities 5000 BRAVO GREATER DES MOINES 801 Grand Avenue Suite 250 Des Moines IA 50309 None PC Cultural, Historical or Other Education Activities 100000 BLANK PARK ZOO FOUNDATION 7401 SW 9th Street Des Moines IA 50315 None PC Cultural, Historical or Other Education Activities 10000 DES MOINES METROPOLITAN OPERA 106 West Boston Avenue Indianola IA 50125 None PC Cultural, Historical or Other Education Activities 10000 IOWA HISTORICAL FOUNDATION 600 East Locust Street Des Moines IA 50309 None PC Cultural, Historical or Other Education Activities 2500 TERRACE HILL PARTNERSHIP 2300 Grand Avenue Des Moines IA 503125308 None PC Cultural, Historical or Other Education Activities 2500 BALLET DES MOINES 121 S 11th Street West Des Moines IA 50265 None PC Cultural, Historical or Other Education Activities 10000 FRIENDS OF DES MOINES PARKS 1551 E Martin Luther King Parkway Des Moines IA 50317 None PC General Operations 2500 BRENTON ARBORETUM 25141 260th Street Dallas Center IA 50063 None PC General Operations 2500 MERCY ONE FOUNDATION 411 Laurel Street Suite 2250 Des Moines IA 50314 None PC General Operations 1000000 UNIVERSITY OF IOWA FOUNDATION PO Box 4550 Iowa City IA 522444550 None PC General Operations 1000000 BLUE RIBBON FOUNDATION PO Box 57130 Des Moines IA 50317 None PC General Operations 5000 DES MOINES COMMUNITY PLAYHOUSE 831 42nd Street Des Moines IA 50312 None PC General Operations 2500 DES MOINES SYMPHONY 221 Walnut Street Des Moines IA 50309 None PC General Operations 25000 WORLD FOOD PRIZE 100 Locust Street Des Moines IA 50309 None POF General Operations 25000 LOST TREE CHARITABLE FOUNDATION 11555 Lost Tree Way North Palm Beach FL 33408 None PC General Operations 5000 IOWA MOTOR CARRIERS FOUNDATION 717 E Court Avenue Des Moines IA 50309 None PC General Operations 250000 ABOVE AND BEYOND CANCER 1305 50th Street West Des Moines IA 50266 None PC Health Services and Related Activities 10000 ORCHARD PLACE 925 SW Porter Avenue Des Moines IA 503150304 None PC Health Services and Related Activities 2500 FOOD BANK OF IOWA 2220 E 17th Street Des Moines IA 50316 None PC Health Services and Related Activities 5000 WESLEY LIFE 5508 NW 88th Street Johnston IA 50131 None PC Health Services and Related Activities 2500 MAYO CLINIC 2000 First Street SW Rochester MN 55905 None PC Health Services and Related Activities 5000 MULTIPLE SCLEROSIS SOCIETY OF IOWA 8187 University Avenue Clive IA 50325 None PC Health Services and Related Activities 2500 MERCY ONE FOUNDATION 411 Laurel Street Suite 2250 Des Moines IA 50314 None PC Health Services and Related Activities 500000 AMERICAN HEART ASSOCIATION PO Box 4002902 Des Moines IA 503402902 None PC Health Services and Related Activities 5000 DOWNTOWN EVENTS GROUP 700 Locust Street Suite 100 Des Moines IA 50309 None PC Inner City or Community Activities 10000 NORTHWESTERN UNIVERSITY 2701 Ashland Avenue Evanston IL 60208 None PC Schools, Colleges and Related Activities 10000 AVON OLD FARMS SCHOOL 500 OLD FARMS ROAD Avon CT 060019958 None PC Schools, Colleges and Related Activities 5000 BERGMAN ACADEMY 100 45th Street Des Moines IA 50312 None PC Schools, Colleges and Related Activities 10000 SOUTHERN METHODIST UNIVERSITY PO Box 750315 Dallas TX 75275 None PC Schools, Colleges and Related Activities 10000 CULVER EDUCATIONAL FOUNDATION 1300 Acadeny Road Culver IN 46511 None PC Schools, Colleges and Related Activities 5000 ROOSEVELT HIGH SCHOOL FOUNDATION 4419 Center Street Des Moines IA 50312 None PC Schools, Colleges and Related Activities 10000 DES MOINES AREA COMMUNITY COLLEGE 2006 S Ankeny Blvd Ankeny IA 50021 None PC Schools, Colleges and Related Activities 5000 DOWLING CATHOLIC HIGH SCHOOL 1400 Buffalo Road West Des Moines IA 502651699 None PC Schools, Colleges and Related Activities 60000 DRAKE UNIVERSITY 2507 University Avenue Des Moines IA 50311 None PC Schools, Colleges and Related Activities 20000 ISU FOUNDATION 2505 University Drive Ames IA 500104648 None PC Schools, Colleges and Related Activities 25000 IOWA LAW SCHOOL FOUNDATION PO Box 4550 Iowa City IA 52244 None PC Schools, Colleges and Related Activities 5000 DES MOINES UNIVERSITY 3200 Grand Avenue Des Moines IA 503124198 None PC Schools, Colleges and Related Activities 2500 IOWA COLLEGE FOUNDATION 505 5th Avenue Des Moines IA 503092396 None PC Schools, COlleges and Related Activities 5000 NORTHWESTERN UNIVERSITY 2701 Ashland Avenue Evanston IL 60208 None PC Sports, Athletic 250000 IOWA CONFLUENCE WATER TRAILS 501 SW 7th Street Suite G Des Moines IA 50309 None PC Sports, Athletic 300000 BOY SCOUTS OF AMERICA MID IOWA COUNCIL 1659 East Euclid Avenue Des Moines IA 50313 None PC Youth Activities 2500 VARIETY THE CHILDRENS CHARITY 505 5th Avenue Suite 310 Des Moines IA 50309 None PC Youth Activities 5000 YMCA 501 Grand Avenue Des Moines IA 50309 None PC Youth Activities 10000 ST AUGUSTIN CATHOLIC SCHOOL 4320 Grand Avenue Des Moines IA 50312 None PC Youth Activities 10000 BOYS AND GIRLS CLUBS OF CENTRAL IOWA 1421 Walker Street Des Moines IA 50316 None PC Youth Activities 5000 ELLIPSIS PO Box 39 Johnston IA 50131 None PC Youth Activities 250000 4042500 0 14 4656 14 5306063 18 -78372 State Tax Refund 01 3223 0 5235570 0 5235570 0 0 0 0 0 0 0 0 0 0 Accounting Fees 3124 1562 1562 World Food Prize Foundation 100 Locust Street Des Moines IA 50309 2025-01-03 25000 The grant was made to the grantee to assist in fulfilling its tax exempt purpose. The World Food Prize Foundation is an operating private foundation. 25000 None 2025-06-30 World Food Prize Foundation 100 Locust Street Des Moines IA 50309 2018-06-11 100000 The grant was made to the grantee to assist in fulfilling it tax exempt purpose. The World Food Prize Foundation is an operating private foundation. 100000 None 2025-06-30 SELECT MILK PRODUCERS 7% PREFERRED 500000 500000 ADVANCE AUTO PARTS 5.950% 249494 255708 BGC GROUP INC 8.000% 855183 855768 SIXTH STREET SPECIALTY 6.950% UNSECURED 495771 505666 BARINGS BOC INC 7.000% UNSECURED 823238 844731 MAIN STREET CAPITAL CORP 6.950% UNSECURED 440864 447368 GENERAL MOTORS ACCEPTANCE CORP 8.000% 279293 282558 ARES CAPITAL CORP 5.800% SR UNSECURED 262185 265881 PATTERSON-UTI ENERGY 7.150% SR UNSECURED 285878 281592 ALLY FINANCIAL INC 7.000% 400000 400080 F&G ANNUITIES & LIFE INC 6.250% SR UNSECURED 751739 742485 F&G ANNUITIES & LIFE INC 6.250% SR UNSECURED 506872 494990 MONSANTO CO 5.500% SENIOR NOTES 868621 857537 WESTERN UNION CO NOTES 6.20% 2219165 2037680 BANK OF AMERICA 6.50% SENIOR NOTES 114396 105925 VF CORP 6.450% 413524 349852 NORDSTROM INC 7.00% SENIOR NOTES 287102 220478 PACIFICORP FIRST MORTGAGE 6.350% 614539 638928 OHIO EDISON FIRST MORTGAGE 8.250% 356886 384073 PACIFICORP FIRST MORTGAGE 6.000% 394087 413168 XEROX CORP 6.75% SR UNSECURED 1090963 559650 REYNOLDS AMERICAN 8.125% 1121884 1176900 APACHE CORP 5.100% SR UNSECURED 445433 440302 PARAMOUNT GLOBAL (CBS CORP) 5.9% 888757 820674 EXELON GENERATION 5.75% UNSECURED 1050890 952933 APACHE CORP 5.250% SR UNSECURED 516622 510284 SUNOCO LOGISTICS PARTNER 6.100% 505462 492290 ENERGY TRANSFER PARTNERS 5.95% SENIOR 2210715 1899980 GENERAL MOTORS CO 6.250% UNSECURED 400311 382539 BUCKEYE PARTNERS LP 5.85% UNSECURED 996829 793215 WESTERN GAS PARTNERS 5.450% 231967 217928 CONTINENTAL RESOURCES 4.900% UNSECURED 751849 707085 GENERAL MOTORS CO SR UNSECURED 6.750% 1241959 1220167 BOEING CO 5.805% UNSECURED 104353 95900 SEMPRA FX/FLT JR 6.400% 480685 446180 ALTRIA GROUP INC 6.200% UNSECURED 288688 270248 BOEING CO 5.93% UNSECURED 105195 95056 COLUMBIA/HCA INC 7.500% 763764 696750 FORD MOTOR 7.70% DEBENTURES 2602114 2048300 BANK OF MONTREAL 5.000% 2000000 1999140 BANK OF MONTREAL 5.000% 1000000 999050 BANCO SANTANDER 6.921% 421719 433516 SOCIETE GENERALE MED TERM 6.050% 336007 338722 FAIRFAX FINANCIAL 7.75% SENIOR NOTES 2279003 2029878 ENCANA CORP 6.500% UNSECURED 720086 747037 ROYAL BANK OF CANADA6.000% 497557 501145 AFFIL MGR GROUP 4.200% PREFERRED 25000 15100 AG MORTGAGE 9.500% PREFERRED 475000 478230 AGREE REALTY 4.25% SERIES A 1000000 678800 ARCH CAPITAL GROUP 4.55% SERIES G 250000 167700 ASPEN INSURANCE 5.625% NON-CUM. 167275 134221 AT&T 4.75% PREFERRED 1900000 1451600 ATHENE HOLDINGS 4.875% PREFERRED 1000000 684000 BANK OF AMERICA 4.25% PREFERRED 1000000 692000 BANK OZK 4.625% PREFERRED 2000000 1292000 BERMUDA 5.125% PREFERRED 1875000 1220250 BRIGHTHOUSE FINL 6.6% PREFERRED 600300 441580 BROOKFIELD 4.625% PREFERRED 375000 236250 BROOKFIELD 4.875% PREFERRED 1500000 970200 BROOKFIELD 4.50% PREFERRED 500000 296800 BROOKFIELD 4.625% PREFERRED 892250 548198 BROOKFIELD 5.000% PREFERRED 2000000 1268800 CAPITAL ONE FINANCIAL 4.80% SERIES J 750000 533100 CHARLES SCHWAB 4.45% PREFERRED 330050 250046 CHIMERA INV CORP 9.000% PREFERRED 1000000 1004400 CHS INC CLASS B RESET RA 7.50% PERPETUAL 250000 252400 DTE ENERGY 4.375% PREFERRED 1250000 852000 FIRST REPUBLIC BANK 4.50% PREFERRED 1000000 8 HUDSON PACIFIC 4.75% PREFERRED 1371325 815115 HUNTINGTON 4.50% PREFERRED 1550000 1088720 JP MORGAN 4.625% SER LL FIXED PREFERRED 1000000 782000 KKR & CO INC 6.875% PREFERRED 300000 308640 KKR GROUP 4.625% PREFERRED 625000 431000 M&T BANK CORP 7.500% PREFERRED 300000 314400 MIDCAP FIN INVESTMENT 8.00% PREFERRED 300000 303600 MORGAN STANLEY 4.25% PREFERRED 1000000 688800 NEW MTN FIN 8.25% PREFERRED 2000000 2036800 NEW YORK MORT 7.00% PREFERRED SERIES G 2000000 1500800 NEXTERA ENERGY 6.500% PREFERRED 500000 499800 PARTNERRE LTD 4.875% PREFERRED 121125 83091 PENNYMAC 9.00% PREFERRED 875000 876750 READY CAPITAL 9.000% PREFERRED 175000 160160 RITHM CAPITAL VAR% PREFERRED 1250000 1197000 SCE TRUST IV 5.000% PERPETUAL 250000 160000 SCE TRUST VIII 6,950% PREFERRED 62500 53550 STIFEL FINANCIAL 4.500% PREFERRED 1500000 1015800 SVB FINANCIAL GROUP 5.25% PREFERRED 510000 204 TRUIST FINANCIAL 4.75% PREFERRED 1750000 1327200 UMB FINANCIAL (HEARTLAND) 7.00% PREFERRED 1810000 1807104 UNITED COMM. 6.875% PREFERRED 125000 121534 US BANCORP 4.50% PREFERRED SERIES 0 2000000 1464800 VORNADO REALTY 4.45% SERIES0 500000 288000 WASHINGTON FED INC 4.875% PREFERRED 500000 308800 WELLS FARGO & COMPANY 4.375% SERIES C 750000 526500 WELLS FARGO & COMPANY 4.70% SERIES AA 400000 301280 WELLS FARGO & COMPANY 4.75% SERIES Z 500000 380800 WESBANCO INC, 6.75% PREFERRED 425000 429250 AIR PRODUCTS & CHEMICALS - 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Fund AT COST 222908 207350 Tekla World Healthcare Fund AT COST 218684 118593 Fidelity Treasury Portfolio - (FRBXX) AT COST 3084558 3084558 Fidelity Treasury Portfolio - (FRBXX) AT COST 28673 28673 Crestline Sundance Fund, LP AT COST 856049 856049 Miscellaneous Expense 2158 1079 1079 Management Fees 236952 186577 50375 Investment Management Fees 44920 44920 0 Crestline Investment 19228 19228 0 State Tax Refund 3223 3223 Federal Excise Tax 71000 0 0 Foreign Tax 1669 1669 0