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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
THE WALSER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7700 FRANCE AVE NO 410N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
EDINA, MN55435
A Employer identification number

20-4968499
B Telephone number (see instructions)

(952) 355-4058
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$1,774,355J 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) 597,079
2 Check bullet.............
3 Interest on savings and temporary cash investments 14,999 14,999  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 612,078 14,999  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,250 1,125   1,125
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 507 0   507
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,757 1,125   1,632
25 Contributions, gifts, grants paid....... 478,279 478,279
26 Total expenses and disbursements. Add lines 24 and 25 481,036 1,125   479,911
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 131,042
b Net investment income (if negative, enter -0-) 13,874
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 35,200 201,243 201,243
2 Savings and temporary cash investments......... 1,608,113 1,573,112 1,573,112
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,643,313 1,774,355 1,774,355
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 1,643,313 1,774,355
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 1,643,313 1,774,355
31 Total liabilities and net assets/fund balances (see instructions). 1,643,313 1,774,355
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
1,643,313
2
Enter amount from Part I, line 27a .....................
2
131,042
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,774,355
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 30 .
6
1,774,355
Form 990-PF (2018)
Form 990-PF (2018)
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.)
1a
b
c
d
e
(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
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
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  
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
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 617,811 1,715,061 0.360227
2016 642,797 1,504,139 0.427352
2015 480,934 1,129,041 0.425967
2014 408,837 755,489 0.541155
2013 247,274 327,882 0.754155
2
Total of line 1, column (d) .....................
2
2.508856
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.501771
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
1,884,977
5
Multiply line 4 by line 3......................
5
945,827
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
139
7
Add lines 5 and 6........................
7
945,966
8
Enter qualifying distributions from Part XII, line 4,.............
8
479,911
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
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 includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 277
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% 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........................... 3 277
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- ..... 5 277
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
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 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 277
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
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 Instructions
for 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletMN
    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 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    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 addressbulletN/A
    14
    The books are in care ofbulletNANCY WARNER Telephone no.bullet (952) 355-4058

    Located atbullet7700 FRANCE AVE NO 410NEDINAMN ZIP+4bullet55435
    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 2018, 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
     
     
    ........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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    3b
     
     
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
     
    No
    .........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
    ANDREW D WALSER PRESIDENT
    0.10     		0 0 0
    7700 FRANCE AVE SUITE 410N
    EDINA,MN55435
    PAUL M WALSER CEO
    0.10     		0 0 0
    7700 FRANCE AVE SUITE 410N
    EDINA,MN55435
    NANCY WARNER FOUNDATION DIRECTOR
    30.00     		0 0 0
    7700 FRANCE AVE SUITE 410N
    EDINA,MN55435
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 (2018)
    Form 990-PF (2018)
    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
    1,574,939
    b
    Average of monthly cash balances.......................
    1b
    338,743
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,913,682
    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
    1,913,682
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    28,705
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    1,884,977
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    94,249
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    94,249
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    277
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    277
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    93,972
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    93,972
    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
    93,972
    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
    479,911
    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
     
    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
    479,911
    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
    479,911
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 93,972
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 230,880
    b From 2014...... 371,063
    c From 2015...... 424,482
    d From 2016...... 567,650
    e From 2017...... 617,811
    fTotal of lines 3a through e........ 2,211,886
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 479,911
    a Applied to 2017, 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 2018 distributable amount..... 93,972
    e Remaining amount distributed out of corpus 385,939
    5 Excess distributions carryover applied to 2018. 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 2,597,825
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		230,880
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		2,366,945
    10 Analysis of line 9:
    a Excess from 2014.... 371,063
    b Excess from 2015.... 424,482
    c Excess from 2016.... 567,650
    d Excess from 2017.... 617,811
    e Excess from 2018.... 385,939
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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:
    NANCY WARNER
    7700 FRANCE AVE S SUITE 410N
    EDINA,MN55435
    (952) 355-4058
    NWARNER@WALSER.COM
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF INQUIRY TO NANCY WARNER, FOUNDATION DIRECTOR - GRANT REPORT FORM. EVENT SPONSORSHIP APPLICATION - ONLINE FORM.
    cAny submission deadlines:
    MAY 15TH & OCTOBER 15TH
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATIONS ARE LIMITED TO ONE APPLICATION PER YEAR.
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    MN TEEN & ADULT CHALLENGE
    740 EAST 24TH STREET
    MINNEAPOLIS,MN55404     		  PC GRANT FOR RAFFLE CAR (FROM BGR) 35,387
    BLOOMINGTON PUBLIC SCHOOLS ISD #271
    8800 QUEEN AVE S SUITE 219
    BLOOMINGTON,MN55431     		  GOV GRANT - ANNUAL SUPPORT OF AUTOMOTIVE PATHWAY 25,000
    CRISTO REY JESUIT
    2924 - 4TH AVE S
    MINNEAPOLIS,MN55408     		  PC GRANT - WORK STUDY PROGRAM 15,750
    FRASER
    2400 WEST 64TH STREET
    MINNEAPOLIS,MN55423     		  PC SEASON TOTAL FOR SAINTS $500 FOR 5 RUNS PROMOTION (28 GAMES) 14,000
    VOLUNTEERS OF AMERICA
    7625 METRO BLVD
    EDINA,MN55439     		  PC GRANT - PROGRAM, EXPERIENTRIAL LEARNING 10,000
    TREE HOUSE
    5666 LINCOLN DR 201
    MINNEAPOLIS,MN55436     		  PC GRANT - PROGRAM: TREEHOUSE NEXT 10,000
    JUNIOR ACHIEVEMENT OF UPPER MIDWEST
    1800 WHITE BEAR LAKE AVE N
    MAPLEWOOD,MN55109     		  PC GRANT - JA COMPANY PROGRAM 10,000
    PLAYWORKS MN
    2610 UNIVERSITY AVE W SUITE 350
    ST PAUL,MN55114     		  PC GENERAL OPERATING GRANT 10,000
    BURNSVILLE ROTARY FOUNDATION
    PO BOX 1346
    BURNSVILLE,MN55337     		  PC PRESENTING SPONSOR - CONCERT FOR CARING 10,000
    SUMMIT ACADEMY OIC
    935 OLSON MEMORIAL HIGHWAY
    MINNEAPOLIS,MN55405     		  PC GRANT - 1000 GED CAMPAIGN 10,000
    COLLEGE POSSIBLE
    540 FAIRVIEW AVE N SUITE 201
    ST PAUL,MN55104     		  PC GRANT - GENERAL OPERATING 10,000
    ACHIEVE MINNEAPOLIS
    111 THIRD AVE SOUTH SUITE 5
    MINNEAPOLIS,MN55401     		  PC GRANT - CAREER AND COLLEGE INITIATIVE 10,000
    ATHLETES COMMITTED TO EDUCATING STUDENT
    1115 E HENNEPIN AVE
    MINNEAPOLIS,MN55414     		  PC GRANT - JERRY GAMBLE BOYS & GIRLS CLUB 10,000
    JEREMIAH PROGRAM
    1510 LAUREL AVE SUITE 100
    MINNEAPOLIS,MN55403     		  PC GRANT - GENERAL OPERATING 10,000
    WAY TO GROW
    125 W BROADWAY AVE STE110
    MINNEAPOLIS,MN55411     		  PC GRANT - GREAT BY 8 10,000
    ST THOMAS ACADEMY
    949 MENDOTA HEIGHTS ROAD
    MENDOTA HEIGHTS,MN55120     		  PC GRANT FOR CAR RAFFLE (2 YEAR LEASE ON JEEP COMPASS) 8,944
    SPECIAL OLYMPICS MINNESOTA
    900 - 2ND AVE S SUITE 300
    MINNEAPOLIS,MN55402     		  PC POLAR PLUNGE SPONSORSHIP 7,500
    OASIS FOR YOUTH
    2200 W OLD SHAKOPEE RD
    BLOOMINGTON,MN55431     		  PC GRANT - EMPLOYMENT SUPPORT PROGRAM 7,500
    MN INDEPENDENCE COLLEGE & COMMUNITY
    7501 LOGAN AVE S SUITE 2A
    RICHFIELD,MN55423     		  GOV GRANT - MICC COMMUNITY PROGRAMS 7,500
    JEWISH FAMILY & CHILDREN'S SERVICES
    5905 GOLDEN VALLEY RD
    GOLDEN VALLEY,MN55422     		  PC GRANT - PARENT-CHILD HOME PROGRAM 7,500
    CENTRO TYRONE GUZMAN SIEMBRA MONTESSORI
    1915 CHICAGO AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GRANT FOR SIEMBRA MONTESSORI 7,500
    JUNIOR ACHIEVEMENT OF KANSAS
    PO BOX 780683
    WICHITA,KS67278     		  PC GRANT - FINANCIAL LITERACY AND WORKFORCE DEVELOPMENT PROGRAM 5,040
    ACES
    1115 EAST HENNEPIN AVE
    MINNEAPOLIS,MN55414     		  PC DONATION MATCH FOR PHONEATHON ON WCCO MINNECENTRIC EXPERIENCE 5,000
    OUR LADY OF GRACE
    5051 EDEN AVE
    MINNEAPOLIS,MN55436     		  PC VALET SPONSORSHIP 5,000
    MINNEAPOLIS COLLEGE OF ART & DESIGN
    2501 STEVENS AVE
    MINNEAPOLIS,MN55404     		  GOV GRANT - SUMMER PROGRAM TUITION ASSISTANCE 5,000
    FEED MY STARVING CHILDREN
    401 93RD AVE NW
    COON RAPIDS,MN55433     		  PC MOBILE PACK SPONSORSHIP 5,000
    KANSAS COUNCIL ON ECONOMIC EDUCATION
    1845 FAIRMOUNT CAMPUS BOX 203
    WICHITA,KS67260     		  PC GRANT - YOUTH ECONOMIC AND FINANCIAL LITERACY 5,000
    KEYSTONE COMMUNITY SERVICES
    2000 ST ANTHONY AVE
    ST PAUL,MN55104     		  PC GRANT - EXPRESS BIKE SHOP 5,000
    BOYS & GIRLS CLUB OF THE TWIN CITIES
    690 JACKSON ST
    ST PAUL,MN55130     		  PC GRANT - ACADEMIC SUCCESS PROGRAM 5,000
    EAST SIDE LEARNING CENTER
    740 YORK AVENUE
    ST PAUL,MN55106     		  PC GRANT - ONE-ON-ONE LITERACY TUTORING 5,000
    BEST PREP
    7100 NORTHLAND CIR N SUITE 120
    BROOKLYN PARK,MN55428     		  PC GRANT - MN BUSINESS VENTURE 5,000
    BANYAN COMMUNITY
    2647 BLOOMINGTON AVE S
    MINNEAPOLIS,MN55407     		  PC GRANT - K - 8 AFTER SCHOOL PROGRAM 5,000
    PAGE EDUCATION FOUNDATION
    PO BOX 581254
    MINNEAPOLIS,MN55458     		  PC GRANT - PAGE GRANTS 5,000
    TREE TRUST BLOOMINTON GREEN FUTURES
    2231 EDGEWOOD AVE S
    ST LOUIS PARK,MN55426     		  PC GRANT - YOUTH SUMMER EMPLOYMENT 5,000
    GIGI'S PLAYHOUSE - TWIN CITIES
    4740 PARK GLEN RD
    ST LOUIS PARK,MN55416     		  PC GRANT - EPIC PROGRAM 5,000
    LITERACY MATTERS
    1005 W FRANKLIN AVE SUITE 3
    MINNEAPOLIS,MN55405     		  PC GRANT- GENERAL OPERATING 5,000
    NEIGHBORHOOD HOUSE
    179 ROBIE ST E
    ST PAUL,MN55107     		  PC GRANT - TEEN LITERACY PROGRAM 5,000
    MS SOCIETY
    200 12TH AVE S
    MINNEAPOLIS,MN55415     		  PC MS WALK SPONSOR 5,000
    AMERICAN CANCER SOCIETY - WICHITA
    330 S MAIN SUITE 100
    WICHITA,KS67202     		  PC SPONSOR - CATTLE BARON'S BALL 5,000
    SUICIDE AWARENESS VOICES OF EDUCATION
    8120 PENN AVE SO STE 470
    BLOOMINGTON,MN55431     		  PC PRESENTING SPONSOR - SAVE WALK 5,000
    EXPLORATION PLACE
    300 N MCLEAN BLVD
    WICHITA,KS67203     		  PC DEATH BY CHOCOLATE - PREMIER SPONSOR 5,000
    MINNESOTA LITERACY COUNCIL
    700 RAYMOND AVE SUITE 180
    ST PAUL,MN55114     		  PC GRANT - SUMMER READS 5,000
    PENUMBRA THEATRE COMPANY
    270 NORTH KENT ST
    ST PAUL,MN55102     		  PC GRANT - SUMMER INSTITUTE 5,000
    THE SANNEH FOUNDATION
    2090 CONWAY ST
    ST PAUL,MN55119     		  PC GRANT - DREAMLINE PROGRAM 5,000
    THE BRANDLAB
    110 NORTH 5TH ST C/O CARMICHAEL
    LYNCH
    MINNEAPOLIS,MN55403     		  PC GRANT - GENERAL OPERATING 5,000
    MICROGRANTS
    1035 EAST FRANKLIN
    MINNEAPOLIS,MN55404     		  PC GRANT - EDUCATION AND TRAINING GRANTS PROGRAM 5,000
    EMMA NORTON SERVICES
    670 ROBERT ST N
    ST PAUL,MN55101     		  PC GRANT- EMMA'S PLACE 5,000
    RS EDEN
    1931 WEST BROADWAY SUITE 101
    MINNEAPOLIS,MN55411     		  PC GRANT - FRESH GROUNDS CAFE 5,000
    HMONG AMERICAN PARTNERSHIP
    1075 ARCADE ST
    ST PAUL,MN55106     		  PC GRANT - YOUTH AT WORK 5,000
    AVIVO
    1900 CHICAGO AVE
    MINNEAPOLIS,MN55404     		  PC GRANT - YOUTH EMPLOYMENT AND CAREER EDUCATION 5,000
    BENILDE-STMARGARETS
    2501 HWY 100 SOUTH
    ST LOUIS PARK,MN55416     		  PC BSM ANNUAL GALA SPONSOR 4,586
    JOYCE PRESCHOOL
    3400 PARK AVE
    MINNEAPOLIS,MN55407     		  PC GRANT - GENERAL OPERATING 4,000
    EDINA 212 LEADERSHIP
    6754 VALLEY VIEW RD
    EDINA,MN55439     		  PC GRANT - GENERAL OPERATING 3,050
    THE ARC GREATER TWIN CITIES
    2446 UNIVERSITY AVE W SUITE 110
    ST PAUL,MN55114     		  PC GALA SPONSORSHIP 3,000
    360 COMMUNITIES
    501 E HIGHWAY 13 SUITE 102
    BURNSVILLE,MN55337     		  PC GRANT - PARTNERS FOR SUCCESS 3,000
    MAINSTREET FOUNDATION
    1609 MAINSTREET
    HOPKINS,MN55343     		  PC HOPKINS RASPBERRY FESTIVAL SCHOLARSHIPS 3,000
    ELPIS ENTERPRISES
    550 VANDALIA ST SUITE 304
    ST PAUL,MN55114     		  PC GRANT 3,000
    THE FAMILY PARTNERSHIP
    1550 E 78TH ST SUITE 102
    RICHFIELD,MN55423     		  PC SPONSORHIP - ANNUAL FUNDRAISING LUNCHEON 2,500
    PACER CENTER
    8161 NORMANDALE BLVD
    MINNEAPOLIS,MN55437     		  PC BENEFIT SPONSORSHIP - COPPER LEVEL 2,500
    OPEN YOUR HEARTS TO HUNGRY AND HOMELESS
    333 WASHINGTON AVE N
    MINNEAPOLIS,MN55401     		  PC GRANT - EDUCATION FUND 2,500
    WICHITA HABITAT FOR HUMANITY
    PO BOX 114
    WICHITA,KS67201     		  PC SPONSOR - RAISE THE ROOF GALA 2,500
    CHILDREN'S LAW CENTER OF MINNESOTA
    450 SYNDICATE ST N SUITE 315
    ST PAUL,MN55104     		  PC BENEFIT SPONSORSHIP 2,500
    THE KANSAS AFRICAN AMERICAN MUSEUM
    601 NORTH WATER ST
    WICHITA,KS67203     		  PC EXHIBITION SPONSOR - TRAILBLAZERS GALA 2,500
    GIRLS ON THE RUN TWIN CITIES
    3433 BROADWAY STREET NE 430
    MINNEAPOLIS,MN55413     		  PC LIMITLESS POTENTIAL LUNCHEON SPONSORSHIP 2,500
    DRESS FOR SUCCESS WICHITA
    1422 NORTH HIGH
    WICHITA,KS67203     		  PC VIP DRINK RECEPTION SPONSOR - INSPIRE BALL 2,500
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVE
    ST PAUL,MN55109     		  PC DOLLAR MATCH FOR POUNDS OF FOOD COLLECTED 2,314
    RONALD MCDONALD HOUSE CHARITIES WICHITA
    1110 N EMPORIA
    WICHITA,KS67214     		  PC GOLF TOURNAMENT SPONSORSHIP 2,000
    STEPHANIE ROCHA-EVANGELISTA
    8108 BLOOMINGTON AVE S
    BLOOMINGTON,MN55425     		  I SCHOLARSHIP - BLOOMINGTON KENNEDY HIGH SCHOOL RECIPIENT 2,000
    OLIVIA BRAMMER
    13829 SUNSET LAKE DR
    BURNSVILLE,MN55337     		  I SCHOLARSHIP - BURNSVILLE HS RECIPIENT 2,000
    MERIDITH GROB
    10533 ZION AVE S
    BLOOMINGTON,MN55437     		  I SCHOLARSHIP - BLOOMINGTON JEFFERSON HS RECIPIENT 2,000
    JORDAN DEVRIES
    11837 ZILLA ST NW
    COON RAPIDS,MN55448     		  I SCHOLARSHIP - COON RAPIDS HS RECIPIENT 2,000
    JOANNA KIM
    6650 VERNON AVE S 210
    EDINA,MN55436     		  I SCHOLARSHIP - EDINA HS RECIPIENT 2,000
    ANDREA OLVERA OROS
    10253 W 34TH ST 102
    MINNETONKA,MN55305     		  I SCHOLARSHIP - HOPKINS HS RECIPIENT 2,000
    JACKIE CVEK
    9266 TRINITY GARDENS N
    BROOKLYN PARK,MN55443     		  I SCHOLARSHIP - OSSEO SR. HS RECIPIENT 2,000
    HAWA DOUCOURE
    9924 BUTTERNUT AVE N
    BROOKLYN PARK,MN55443     		  I SCHOLARSHIP - PARK CENTER HS RECIPIENT 2,000
    JADA GOSSELIN-JONES
    827 WOODGATE DR
    VADNAIS HEIGHTS,MN55127     		  I SCHOLARSHIP - ROSEVILLE AREA HS RECIPIENT 2,000
    ANKITA KUUDU
    6275 RANIER LANE N
    MAPLE GROVE,MN55311     		  I SCHOLARSHIP - WAYZATA HS RECIPIENT 2,000
    COOPER DEGNER
    865 N SAGEBRUSH ST
    WICHITA,KS67230     		  I SCHOLARSHIP - ANDOVER HS RECIPIENT 2,000
    KAREN NGUYEN
    10710 E MT VERNON ST
    WICHITA,KS67207     		  I SCHOLARSHIP - WICHITA SOUTHEAST HS RECIPIENT 2,000
    THE SALVATION ARMY - WICHITA CITY COMMA
    350 N MARKET
    WICHITA,KS67202     		  PC SPONSOR - TOOLS FOR SCHOOLS EVENT 1,500
    REAL MEN REAL HEROS INC
    1847 N CHANTAUQUA AVE
    WICHITA,KS67214     		  PC EVENT SPONSORSHIP 1,500
    CHILDRENS CANCER RESEARCH FUND
    7801 EAST BUSH LAKE RD SUITE 130
    MINNEAPOLIS,MN55439     		  PC SPONSORSHIP - LUBE-TECH 140 INVITATIONAL 1,500
    GIRLS ON THE RUN - HEART OF KANSAS
    111 N MOSLEY SUITE 202
    WICHITA,KS67202     		  PC PRESENTING LEVEL SPONSORSHIP 1,000
    THE KIDS NETWORK
    300 W DOUGLAS SUITE 145
    WICHITA,KS67202     		  PC STEP UP FOR KIDS SPONSORSHIP - SILVER LEVEL 1,000
    DAKOTA COUNTY TECHNICAL COLLEGE FOUNDAT
    1300 145TH ST E
    ROSEMOUNT,MN55068     		  PC GALA SPONSORSHIP 1,000
    WICHITA ANIMAL ACTION LEAGUE
    PO BOX 21401
    WICHITA,KS67208     		  PC WAGS & WHISKERS SPONSORSHIP 1,000
    PLAYWORKS MN
    2610 UNIVERSITY AVE W SUITE 350
    ST PAUL,MN55114     		  PC CORPORATE KICKBALL TEAM 1,000
    THE CEDAR CULTURAL CENTER
    416 CEDAR AVE S
    MINNEAPOLIS,MN55411     		  PC BRONZE LEVEL SPONSORSHIP - GLOBAL ROOTS FESTIVAL 1,000
    ST VINCENT DE PAUL CATHOLIC CHURCH
    123 N ANDOVER RD
    ANDOVER,KS67002     		  PC LORD'S DINER MURDER MYSTERY SPONSOR 1,000
    BURNSVILLE COMMUNITY FOUNDATION
    2101 W MANOR RD
    BURNSVILLE,MN55337     		  PC SPONSOR - ANNUAL WINTER LIGHTING 500
    KANSAS FOOD BANK
    1919 E DOUGLAS
    WICHITA,KS67211     		  PC DOLLAR MATCH FOR POUNDS OF FOOD DONATIONS 433
    CENTURY MIDDLE SCHOOL
    18610 IPAVA AVE
    LAKEVILLE,MN55044     		  GOV COMMUNITY CHALLENGE SPONSOR 300
    LAKEVILLE ROBOTICS
    PO BOX 606
    LAKEVILLE,MN55044     		  PC ANNUAL SPONSORSHIP 300
    TACKLE CANCER FOUNDATION
    5029 KENT AVE
    EDINA,MN55436     		  PC SPONSORSHIP - TACKLE CANCER - RANDY SHAVER EVENT 300
    USD 385 - ANDOVER PUBLIC SCHOOLS
    1432 N ANDOVER RD
    ANDOVER,KS67002     		  GOV DONATION FOR TEACHER APPRECIATION EVENT 250
    SMALL SUMS
    1222 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC ROADSIDE KINDNESS PACKET SERVICE PROJECT AT HONDA 250
    ISD 191
    400 E 134TH ST
    BURNSVILLE,MN55337     		  GOV DONATION FOR SANDWICHES FOR THE HOMELESS PROJECT - ME TO WE CLUB 250
    RICHFIELD FOUNDATION
    PO BOX 23077
    RICHFIELD,MN55423     		  PC SPONSORSHIP OF WINE & CHEESE EVENT 250
    BEYOND THE YELLOW RIBBON OF CHASKA
    ONE CITY HALL PLAZA
    CHASKA,MN55318     		  PC HOLE SPONSOR - BTYR GOLF TOURNAMENT 200
    MINNESOTA KEYSTONE PROGRAM
    81 S NINTH ST SUITE 200
    MINNEAPOLIS,MN55402     		  PC ANNUAL ENROLLMENT FOR MN KEYSTONE PROGRAM 150
    SUMNER ELEMENTARY SCHOOL ISD 492
    805 8TH AVE NW
    AUSTIN,MN55912     		  GOV DONATION TO SCHOOL IN LIEU OF NOT RECEIVING DONORS CHOOSE CARD 25
    Total .................................bullet 3a 478,279
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 14,999  
    4 Dividends and interest from securities....          
    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 ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 14,999 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    14,999
    (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 (2018)
    Form 990-PF (2018)
    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 instr.)?
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    THE WALSER FOUNDATION
     
    Employer identification number

    20-4968499
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    THE WALSER FOUNDATION
          		Employer identification number
    20-4968499
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    WALSER HOLDING COMPANY INC
     
    7700 FRANCE AVENUE SOUTH SUITE 410N
     
    EDINA, MN55435

    		$ 597,079


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    THE WALSER FOUNDATION
          		Employer identification number

    20-4968499
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    THE WALSER FOUNDATION
          		Employer identification number

    20-4968499
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    THE WALSER FOUNDATION
    EIN:
    20-4968499
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,250 1,125   1,125

    TY 2018 OtherExpensesSchedule
    Name:
    THE WALSER FOUNDATION
    EIN:
    20-4968499
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LICENCE FEES 92 0   92
    BANK SERVICE CHARGES 267 0   267
    OTHER EXPENSES 148 0   148