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 07-01-2018 , and ending 06-30-2019
Name of foundation
THE HEAD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11100 WAYZATA BLVD STE 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNETONKA, MN55305
A Employer identification number

20-2032551
B Telephone number (see instructions)

(952) 681-2891
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$8,396,263J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,260 3,260  
4 Dividends and interest from securities... 129,809 129,809  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 309,509
b Gross sales price for all assets on line 6a 1,344,719
7 Capital gain net income (from Part IV, line 2)... 309,272
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 15 15  
12 Total. Add lines 1 through 11........ 442,593 442,356  
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 3,775 1,888   1,887
c Other professional fees (attach schedule).... Click to see attachment 22,931 22,931   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 25 0   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 26,731 24,819   1,912
25 Contributions, gifts, grants paid....... 386,104 386,104
26 Total expenses and disbursements. Add lines 24 and 25 412,835 24,819   388,016
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 29,758
b Net investment income (if negative, enter -0-) 417,537
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............. 9,457 50,873 50,873
2 Savings and temporary cash investments......... 459,465 1,399,654 1,399,654
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)....... 2,819,491 Click to see attachment2,945,260 2,945,260
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).......... 4,837,672 Click to see attachment4,000,476 4,000,476
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) 8,126,085 8,396,263 8,396,263
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) Click to see attachment1,534 Click to see attachment8,351
23 Total liabilities (add lines 17 through 22)......... 1,534 8,351
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..................    
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........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 8,124,551 8,387,912
30 Total net assets or fund balances (see instructions)..... 8,124,551 8,387,912
31 Total liabilities and net assets/fund balances (see instructions). 8,126,085 8,396,263
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
8,124,551
2
Enter amount from Part I, line 27a .....................
2
29,758
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
241,954
4
Add lines 1, 2, and 3 ..........................
4
8,396,263
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
8,351
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
8,387,912
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.)
1 a PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c CAPITAL GAIN DISTRIBUTIONS      
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 1,315,580   1,034,120 281,460
b 22,715   1,327 21,388
c 6,424     6,424
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       281,460
b       21,388
c       6,424
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 2 309,272
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 439,691 7,833,515 0.056129
2016 376,128 6,423,408 0.058556
2015 294,015 5,659,230 0.051953
2014 274,566 6,039,533 0.045461
2013 197,750 5,730,208 0.034510
2
Total of line 1, column (d) .....................
2
0.246609
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
0.049322
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,092,291
5
Multiply line 4 by line 3......................
5
399,128
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
4,175
7
Add lines 5 and 6........................
7
403,303
8
Enter qualifying distributions from Part XII, line 4,.............
8
388,016
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 8,351
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 8,351
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 8,351
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. Click to see attachment 8 153
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 8,504
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 ofbulletCEANN COMPANY LLC Telephone no.bullet (952) 681-2891

    Located atbullet11100 WAYZATA BOULEVARD SUITE 230MINNETONKAMN ZIP+4bullet55305
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    Yes
     
    .........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). Click to see attachment
    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
    MARTHA M HEAD PRESIDENT
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    MARTHA E H KIRWIN SECRETARY
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    VIRGINIA R HEAD TREASURER
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    CHRISTOPHER KIRWAN DIRECTOR
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    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
    6,833,534
    b
    Average of monthly cash balances.......................
    1b
    1,381,990
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,215,524
    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
    8,215,524
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    123,233
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,092,291
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    404,615
    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
    404,615
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    8,351
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    8,351
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    396,264
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    396,264
    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
    396,264
    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
    388,016
    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
    388,016
    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
    388,016
    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 7 396,264
    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......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 49,350
    fTotal of lines 3a through e........ 49,350
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 388,016
    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..... 388,016
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 8,248 8,248
    (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 41,102
    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) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		41,102
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 41,102
    e Excess from 2018....  
    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).)
    MARTHA M HEAD
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    AAA FOUNDATION
    5400 AUTO CLUB WAY
    MINNEAPOLIS,MN55416     		N/A PC GENERAL SUPPORT 500
    ACES
    1115 E HENNEPIN AVE
    MINNEAPOLIS,MN55414     		N/A PC EDUCATION 2,500
    ACHIEVE MPLS
    111 3RD AVE SOUTH SUITE 5
    MINNEAPOLIS,MN554012510     		N/A PC GENERAL SUPPORT 5,000
    ADVENTURE UNLIMITED
    5201 SOUTH QUEBEC STREET
    GREENWOOD VILLAGE,CO80110     		N/A PC ASSIST STUDENTS 2,000
    ALZHEIMER'S ASSOCIATION
    PO BOX 96011
    WASHINGTON,DC200906011     		N/A PC GENERAL SUPPORT 1,000
    AMERICAN RED CROSS
    1201 WEST RIVER PARKWAY
    MINNEAPOLIS,MN55454     		N/A PC GENERAL SUPPORT 2,500
    AMICUS
    3041 4TH AVE S
    MINNEAPOLIS,MN55408     		N/A PC GENERAL SUPPORT 1,000
    ANIMAL HUMANE SOCIETY
    845 MEADOW LANE N
    GOLDEN VALLEY,MN55422     		N/A PC ASSIST DOGS IN NEED 2,000
    ANTI-CRUELTY SOCIETY
    169 W GRAND AVE
    CHICAGO,IL60654     		N/A PC GENERAL SUPPORT 1,000
    ARC OF MINNESOTA-TWIN CITIES
    2446 UNIVERSITY AVE W STE 110
    ST PAUL,MN55114     		N/A PC ASSIST LOW INCOME PEOPLE 1,000
    ART INSTITUTE OF CHICAGO
    111 S MICHGAN AVE
    CHICAGO,IL60603     		N/A PC ART APPRECIATION 2,125
    ARTHRITIS FOUNDATION
    1876 MINNEHAHA AVENUE WEST
    ST PAUL,MN55104     		N/A PC GENERAL SUPPORT 1,000
    ARTS ALLIANCE ILLINOIS
    70 E LAKE STREET
    CHICAGO,IL60601     		N/A PC ART APPRECIATION 2,000
    ASCENSION PLACE INC
    1803 BRYANT AVENUE N
    MINNEAPOLIS,MN55411     		N/A PC ASSIST PEOPLE IN NEED 1,000
    BRECK SCHOOL
    123 OTTAWA AVENUE NORTH
    MINNEAPOLIS,MN55422     		N/A PC ASSIST STUDENTS 5,000
    CARINGBRIDGE
    PO BOX 6032
    ALBERT LEA,MN560076632     		N/A PC GENERAL SUPPORT 500
    CATHOLIC CHARITIES
    PO BOX 86
    MINNEAPOLIS,MN55486     		N/A PC GENERAL SUPPORT 15,000
    CATO INSTITUTE
    1000 MASSACHUSETTS AVE NW
    WASHINGTON,DC200015403     		N/A PC GENERAL SUPPORT 300
    CEDAR CAMPS
    1314 PARKVIEW VALLEY
    MANCHESTER,MO63011     		N/A PC GENERAL SUPPORT 1,000
    CENTER OF THE AMERICAN EXPERIMENT
    8441 WAYZATA BLVD STE 350
    GOLDEN VALLEY,MN55426     		N/A PC GENERAL SUPPORT 5,000
    CHARITIES REVIEW COUNCIL
    700 RAYMOND AVE STE 160
    ST PAUL,MN55114     		N/A PC GENERAL SUPPORT 300
    CHICAGO ARCHITECTURE FOUNDATION
    224 S MICHGAN AVE
    CHICAGO,IL60604     		N/A PC ART APPRECIATION 1,500
    CHILDREN'S HOSPITALS & CLINICS OF MN
    5901 LINCOLN DRIVE
    EDINA,MN55436     		N/A PC ASSIST CHILDREN 5,000
    CHILDREN'S THEATRE COMPANY
    2400 3RD AVE S
    MINNEAPOLIS,MN55404     		N/A PC SUPPORT THEATRE 2,000
    CITIZENS LEAGUE
    400 ROBERT STREET NORTH STE 1820
    ST PAUL,MN55101     		N/A PC GENERAL SUPPORT 300
    COMO FRIENDS
    1225 ESTABROOK DR
    ST PAUL,MN55103     		N/A PC SUPPORT ZOOLOGICAL SOCIETY 2,000
    COURAGE KENNY FOUNDATION
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		N/A PC ASSIST LOW INCOME PEOPLE 5,000
    COWLES CENTER FOR DANCE
    528 HENNEPIN AVE 200
    MINNEAPOLIS,MN55403     		N/A PC ART APPRECIATION 1,000
    DESERT BOTANICAL GARDEN
    1201 N GALVIN PARKWAY
    PHOENIX,AZ85008     		N/A PC GENERAL SUPPORT 1,000
    DIAPER BANK
    709 UNIVERSITY AVE WEST
    ST PAUL,MN55104     		N/A PC GENERAL SUPPORT 15,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET
    NEW YORK,NY100061705     		N/A PC ASSIST CHILDREN 5,000
    THE RICHARD H DRIEHAUS MUSEUM
    40 E ERIE STREET
    CHICAGO,IL60611     		N/A POF ARTS APPRECIATION 2,000
    FAMILY PARTNERSHIP
    414 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55404     		N/A PC ASSIST CHILDREN 3,000
    FRIENDS OF THE BASILICA OF ST MARY
    PO BOX 50070
    MINNEAPOLIS,MN55405     		N/A PC GENERAL SUPPORT 500
    FRIENDS OF THE HENNEPIN CO LIBRARY
    300 NICOLLET MALL N-290
    MINNEAPOLIS,MN55401     		N/A PC GENERAL SUPPORT 2,000
    GIRL SCOUT COUNCIL OF GREATER MPLS
    400 ROBERT STREET NORTH
    ST PAUL,MN55107     		N/A PC GENERAL SUPPORT 300
    GRACE NEIGHBORHOOD NURSERY SCHOOL
    1430 W 28TH ST
    MINNEAPOLIS,MN55408     		N/A PC GENERAL SUPPORT 3,000
    GRAYWOLF PRESS
    250 3RD AVE N STE 600
    MINNEAPOLIS,MN55401     		N/A PC LITERARY APPRECIATION 27,000
    GREATER TWIN CITIES UNITED WAY
    404 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55405     		N/A PC GENERAL SUPPORT 15,000
    GREATER TWIN CITIES YOUTH SYMPHONY
    408 ST PETER STREET SUITE 300
    ST PAUL,MN55102     		N/A PC MUSIC APPRECIATION 500
    GROVELAND EMERGENCY FOOD SHELF
    1900 NICOLLET AVE
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 500
    GUILD INC
    130 SOUTH WABASHA STREET 90
    ST PAUL,MN55107     		N/A PC ART APPRECIATION 4,000
    GUTHRIE THEATER FOUNDATION
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		N/A PC ART APPRECIATION 5,000
    HENNEPIN HISTORY MUSEUM
    2303 3RD AVE S
    MINNEAPOLIS,MN55404     		N/A PC GENERAL SUPPORT 500
    JUNIOR LEAGUE OF MINNEAPOLIS
    4500 PARK GLEN ROAD 180
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 1,000
    KENYON COLLEGE
    1 KENYON COLLEGE
    GAMBIER,OH43022     		N/A PC ASSIST STUDENTS 21,179
    KENYON REVIEW
    102 W WIGGIN ST
    GAMBIER,OH43022     		N/A PC ASSIST STUDENTS 1,000
    LAKE MINNETONKA ASSOCIATION
    PO BOX 248
    EXCELSIOR,MN55331     		N/A PC SUPPORT THE LAKE COMMUNITY 1,000
    LEAGUE OF WOMEN VOTERS OF MPLS
    2801 21ST AVENUE SOUTH STE 250
    MINNEAPOLIS,MN554070509     		N/A PC GENERAL SUPPORT 500
    LEUKEMIA & LYMPHOMA SOCIETY
    1711 BROADWAY STREET NE
    MINNEAPOLIS,MN55413     		N/A PC GENERAL SUPPORT 2,500
    LONGYEAR MUSEUM
    1125 BOYLSTON ST
    CHESTNUT HILL,MA02467     		N/A PC GENERAL SUPPORT 1,000
    MACPHAIL CENTER FOR MUSIC
    501 S 2ND ST
    MINNEAPOLIS,MN55401     		N/A PC GENERAL SUPPORT 2,000
    MARY BAKER EDDY LIBRARY
    210 MASSACHUSETTS AVE
    BOSTON,MA02115     		N/A PC ART APPRECIATION 1,500
    MAYO FOUNDATION
    200 1ST ST SW
    ROCHESTER,MN55905     		N/A PC MEDICAL EDUCATION AND RESEARCH 3,000
    MICRO GRANTS
    1035 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55404     		N/A PC ASSIST LOW INCOME PEOPLE 5,000
    MINNEAPOLIS CHESS
    1121 JACKSON STREET NE 134
    MINNEAPOLIS,MN55413     		N/A PC EDUCATION 800
    MINNEAPOLIS COLLEGE OF ART AND DESIGN
    2501 STEVENS AVE
    MINNEAPOLIS,MN55404     		N/A PC GENERAL SUPPORT 10,000
    MINNEAPOLIS COMMUNITY AND TECHNICAL COLLEGE
    1501 HENNEPIN AVE
    MINNEAPOLIS,MN55403     		N/A PC SUPPORT STUDENTS 4,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN55405     		N/A PC ART APPRECIATION 35,000
    MINNESOTA FOOD SHARE
    1001 EAST LAKE ST
    MINNEAPOLIS,MN554070509     		N/A PC GENERAL SUPPORT 2,000
    MINNESOTA HISTORICAL SOCIETY
    345 W KELLOGG BLVD
    ST PAUL,MN551021906     		N/A PC GENERAL SUPPORT 4,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		N/A PC GENERAL SUPPORT 7,500
    MINNESOTA ORCHESTRA
    1111 NICOLLET MALL
    MINNEAPOLIS,MN55403     		N/A PC MUSIC APPRECIATION 1,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR ST
    ST PAUL,MN55101     		N/A PC GENERAL SUPPORT 5,000
    MINNESOTA STATE HORTICULTURAL SOCIETY
    2705 LINCOLN DRIVE
    ROSEVILLE,MN55113     		N/A PC GENERAL SUPPORT 1,000
    MINNESOTA STREETCAR MUSEUM
    PO BOX 16509
    MINNEAPOLIS,MN55416     		N/A PC GENERAL SUPPORT 400
    MINNESOTA TRANSPORTATION MUSEUM
    193 PENNSYLVANIA AVE E
    ST PAUL,MN55130     		N/A PC GENERAL SUPPORT 300
    MINNETONKA CENTER FOR THE ARTS
    2240 NORTH SHORE DRIVE
    WAYZATA,MN55391     		N/A PC SUPPORT THE ARTS 2,000
    MN ZOO FOUNDATION
    13000 ZOO BOULEVARD
    APPLE VALLEY,MN55124     		N/A PC WILDLIFE CONSERVATION AND SUPPORT 3,000
    MUSEUM OF LAKE MINNETONKA
    PO BOX 178
    MINNETONKA,MN55331     		N/A PC GENERAL SUPPORT 300
    ERNEST C OBERHOLTZER FOUNDATION
    818 3RD AVE 305
    EXCELSIOR,MN55331     		N/A POF PROTECTION OF WOODLANDS 500
    PAGE EDUCATION FUND
    PO BOX 581254
    MINNEAPOLIS,MN55458     		N/A PC EDUCATION 5,000
    PHOENIX ART MUSEUM
    1625 N CENTRAL AVE
    PHOENIX,AZ850041685     		N/A PC GENERAL SUPPORT 1,500
    PLANNED PARENTHOOD
    671 VANDALIA STREET STE 323
    ST PAUL,MN55114     		N/A PC SUPPORT REPRODUCTIVE HEALTH 3,500
    PLAYWRIGHTS' CENTER
    2301 E FRANKLIN AVE
    MINNEAPOLIS,MN55406     		N/A PC ARTS APPRECIATION 2,500
    PRINCIPIA
    13201 CLAYTON ROAD
    ST LOUIS,MO63131     		N/A PC ASSIST STUDENTS 10,000
    PROJECT FOR PRIDE IN LIVING
    1035 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55404     		N/A PC SUPPORT PEOPLE IN NEED 3,000
    SALVATION ARMY
    2445 PRIOR AVENUE NORTH
    ROSEVILLE,MN55113     		N/A PC ASSIST PEOPLE IN NEED 10,000
    SCIENCE MUSEUM OF MINNESOTA
    120 WEST KELLOGG BLVD
    ST PAUL,MN55102     		N/A PC SUPPORT SCIENCE EDUCATION 1,500
    SIMPSON HOUSING SERVICES
    2100 PILLSBURY AVE S
    MINNEAPOLIS,MN55404     		N/A PC GENERAL SUPPORT 1,500
    ST MARK'S EPISCOPAL CHURCH
    519 OAK GROVE STREET
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 7,500
    ST PAUL'S SCHOOL FOR BOYS
    11152 FALLS ROAD
    BROOKLANDVILLE,MD21022     		N/A PC ASSIST STUDENTS 5,000
    ST THOMAS FAMILY BUSINESS CENTER
    1000 LASALLE AVENUE SUITE 435
    MINNEAPOLIS,MN554032005     		N/A PC GENERAL SUPPORT 1,000
    TEACH FOR AMERICA TWIN CITIES
    401 2ND AVE N STE 200
    MINNEAPOLIS,MN55401     		N/A PC GENERAL SUPPORT 5,000
    THE BRIDGE FOR YOUTH
    1111 WEST 22ND STREET
    MINNEAPOLIS,MN55405     		N/A PC GENERAL SUPPORT 2,000
    THE LOPPET FOUNDATION
    1301 THEODORE WIRTH PKWY
    MINNEAPOLIS,MN55422     		N/A PC GENERAL SUPPORT 2,500
    THINK SMALL
    10 YORKTON COURT
    ST PAUL,MN551171065     		N/A PC GENERAL SUPPORT 2,500
    TREE TRUST
    2231 EDGWOOD AVE S
    ST LOUIS PARK,MN55426     		N/A PC GENERAL SUPPORT 1,500
    TUBMAN FAMILY ALLIANCE
    3111 FIRST AVE S
    MINNEAPOLIS,MN55408     		N/A PC ASSIST FAMILIES IN DISTRESS 1,500
    TWIN CITIES HABITAT FOR HUMANITY
    PO BOX 860297
    MINNEAPOLIS,MN55486     		N/A PC GENERAL SUPPORT 2,500
    TWIN CITIES PUBLIC TELEVISION
    172 EAST 4TH STREET
    ST PAUL,MN55101     		N/A PC GENERAL SUPPORT 7,500
    UJAMAA PLACE
    1821 UNVIERSITY AVE W N257
    ST PAUL,MN55104     		N/A PC GENERAL SUPPORT 2,000
    UNITED NEGRO COLLEGE FUND
    1805 7TH ST NW
    WASHINGTON,DC20001     		N/A PC ASSIST STUDENTS 1,000
    UNITED SERVICE ORGANIZATION
    PO BOX 96860
    WASHINGTON,DC200777677     		N/A PC GENERAL SUPPORT 1,000
    UNIVERSITY OF MINNESOTA WALTER H JUDD FUND
    200 OAK STREET SE SUITE 500
    MINNEAPOLIS,MN554552010     		N/A PC ASSIST STUDENTS 5,000
    VIRGINA HARRIS ASSOCIATION
    40 GROVE ST STE 150
    WELLESLEY,MA02482     		N/A PC GENERAL SUPPORT 10,000
    WALKER ART CENTER
    1750 HENNEPIN AVE
    MINNEAPOLIS,MN55403     		N/A PC ART APPRECIATION 6,500
    WASHBURN CHILD GUIDE CENTER
    1100 GLENWOOD AVENUE
    MINNEAPOLIS,MN55405     		N/A PC GENERAL SUPPORT 2,500
    WAYZATA HISTORICAL SOCIETY
    402 EAST LAKE STREET
    WAYZATA,MN55391     		N/A PC GENERAL SUPPORT 300
    YALE ALUMNI FUND
    PO BOX 2038
    NEW HAVEN,CT06503     		N/A PC GENERAL SUPPORT 500
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 500
    ZENON DANCE
    528 HENNEPIN AVE STE 400
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 1,000
    LA CASA NORTE
    2845 W MCLEAN AVE
    CHICAGO,IL60647     		N/A PC GENERAL SUPPORT 1,500
    PLANNED PARENTHOOD
    1200 N LASALLE STREET
    CHICAGO,IL60610     		N/A PC SUPPORT REPRODUCTIVE HEALTH 1,500
    THE LIFT GARAGE
    2402 E LAKE STREET
    MINNEAPOLIS,MN55406     		N/A PC GENERAL SUPPORT 1,000
    FROGTOWN PARK AND FARM
    941 LAFOND AVE BUILDING D
    ST PAUL,MN55104     		N/A PC CONSTRUCTION OF PARK 1,000
    MINNESOTA CHILDREN'S MUSEUM
    10 W 77TH STREET
    ST PAUL,MN55102     		N/A PC GENERAL SUPPORT 2,500
    FRIENDS OF THOMAS LOWRY PARK
    900 DOUGLAS AVENUE
    MINNEAPOLIS,MN55403     		N/A PC GENERAL SUPPORT 1,000
    SAVE THE LAKE FUND
    5341 MAYWOOD ROAD SUITE 200
    MOUND,MN55364     		N/A PC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 386,104
    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 3,260  
    4 Dividends and interest from securities....     14 129,809  
    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.....     14 15  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 309,509  
    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).. 0 442,593 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    442,593
    (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

    TY 2018 AccountingFeesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES & FORM 990-PF PREPARATION 3,775 1,888   1,887

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE RICHARD H DRIEHAUS MUSEUM
          		40 E ERIE STREET
    CHICAGO,IL60611     		2018-12-17 2,000 FOR DEVELOPING AND EXECUTING ART EXHIBITIONS AND ART EDUCATIONAL PROGRAMS DEDICATED TO ART, ARCHITECTURE, AND DESIGN OF THE GILDED AGE. 2,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY   2019-11-07 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    ERNEST C OBERHOLTZER FOUNDATION
          		818 3RD AVE 305
    EXCELSIOR,MN55331     		2018-12-17 500 FOR THE SUPPORT OF A STUDY AND RETREAT CENTER WHICH CREATES STEWARDSHIP OPPORTUNITIES FOR ITS YOUTH. 500 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY   2019-11-06 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1100 SHS OF REPUBLIC SERVICES INC 95,304 95,304
    1320 SHS OF NIKE INC 110,814 110,814
    300 SHS OF DIAGEO PLC 51,696 51,696
    3 SHS OF BERKSHIRE HATHAWAY INC-CLASS A 955,050 955,050
    4270 SHS OF BERKSHIRE HATHAWAY INC-CLASS B 910,236 910,236
    405 SHS OF UNITED TECHNOLOGIES CORP 52,731 52,731
    470 SHS OF ACCENTURE PLC-CL A 86,842 86,842
    445 SHS OF THERMO FISCHER SCIENTIFIC INC 130,688 130,688
    560 SHS OF APPLE INC 110,835 110,835
    570 SHS OF AMERICAN EXPRESS CO 70,361 70,361
    600 SHS OF AUTOMATIC DATA PROCESSING INC 99,198 99,198
    600 SHS OF UNITED HEALTH GROUP INC 146,406 146,406
    700 SHS OF EDISON INTL COM 47,187 47,187
    800 SHS OF MEDTRONIC PLC 77,912 77,912

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIDELITY 500 INDEX FD-AI FMV 107,283 107,283
    ISHARES CORE MSCI EAFE ETF FMV 230,557 230,557
    ISHARES MSCI ACWI INDEX FUND FMV 409,975 409,975
    ISHARES MSCI EAFE INDEX FUND FMV 383,928 383,928
    ISHARES RUSSELL 1000 GROWTH FMV 369,120 369,120
    ISHARES SELECT DIVIDEND ETF FMV 108,620 108,620
    MFS INTL INTRINSIC VALUE-R6 FMV 197,432 197,432
    SPDR S&P 500 EFT TRUST FMV 1,418,999 1,418,999
    SIX CIRCLES U.S. UNCONSTRAINED FMV 356,074 356,074
    JPMORGAN BETABUILDERS CANADA ETF FMV 156,744 156,744
    SIX CIRCLES INTERNATIONAL FMV 177,347 177,347
    JPMORGAN BETABUILDERS JAPAN - ETF FMV 84,397 84,397

    TY 2018 OtherDecreasesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Amount
    EXCISE TAX PAYABLE 8,351


    TY 2018 OtherIncomeSchedule2
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 15 15 15


    TY 2018 OtherIncreasesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Amount
    UNREALIZED GAINS ON SECURITIES 241,953
    ROUNDING 1


    TY 2018 OtherLiabilitiesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 1,534 8,351


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    JPMORGAN CHASE BANK, N.A. FEES 14,756 14,756   0
    BANK FEES 89 89   0
    INVESTMENT MANAGEMENT FEES 8,086 8,086   0


    TY 2018 TaxesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MINNESOTA FILING FEE 25 0   25