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
NORMAN AND ANN HOFFMAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)116 LAKE STREET WEST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WACONIA, MN55387
A Employer identification number

45-3080856
B Telephone number (see instructions)

(612) 766-7255
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$7,504,463J 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) 5,670
2 Check bullet.............
3 Interest on savings and temporary cash investments 39,023 39,023  
4 Dividends and interest from securities... 175,794 175,794  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,328
b Gross sales price for all assets on line 6a 2,368,241
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........ 217,159 214,817  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,034 0   2,034
14 Other employee salaries and wages...... 21,600 0   21,600
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,074 0   2,074
b Accounting fees (attach schedule)....... Click to see attachment 9,345 4,673   4,672
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,526 0   1,932
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 38,495 38,099   396
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 79,074 42,772   32,708
25 Contributions, gifts, grants paid....... 1,145,500 1,145,500
26 Total expenses and disbursements. Add lines 24 and 25 1,224,574 42,772   1,178,208
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,007,415
b Net investment income (if negative, enter -0-) 172,045
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............. 20,165 2,363 2,363
2 Savings and temporary cash investments......... 405,215 135,692 135,692
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)....... 2,469,126 Click to see attachment1,865,334 1,832,041
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,422,653 Click to see attachment4,306,355 5,534,367
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) 7,317,159 6,309,744 7,504,463
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..................    
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........ -355,761 -355,761
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 7,672,920 6,665,505
30 Total net assets or fund balances (see instructions)..... 7,317,159 6,309,744
31 Total liabilities and net assets/fund balances (see instructions). 7,317,159 6,309,744
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
7,317,159
2
Enter amount from Part I, line 27a .....................
2
-1,007,415
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,309,744
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
6,309,744
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 P    
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 2,368,241   2,371,569 -3,328
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       -3,328
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 -3,328
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 174,383 8,580,703 0.020323
2016 958,763 2,882,081 0.332663
2015 62,358 1,197,233 0.052085
2014 59,597 1,307,642 0.045576
2013 9,518 1,119,020 0.008506
2
Total of line 1, column (d) .....................
2
0.459153
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
0.091831
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
8,757,129
5
Multiply line 4 by line 3......................
5
804,176
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,720
7
Add lines 5 and 6........................
7
805,896
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,178,208
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 1,720
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 1,720
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 1,720
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 2,840
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 2,840
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 24
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,096
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet1,096 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see 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 ofbulletNORMAN H HOFFMAN Telephone no.bullet (952) 442-1829

    Located atbullet116 LAKE STREET WESTWACONIAMN ZIP+4bullet55387
    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
     
     
    .........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
    NORMAN H HOFFMAN DIRECTOR/PRESIDENT
    2.00     		0 0 0
    116 LAKE STREET WEST
    WACONIA,MN55387
    ANNA M HOFFMAN DIRECTOR/SECRETARY
    1.00     		0 0 0
    116 LAKE STREET WEST
    WACONIA,MN55387
    GERALD R STORMS DIRECTOR/VP/TREASURER
    1.00     		2,034 0 0
    116 LAKE STREET WEST
    WACONIA,MN55387
    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
    8,710,796
    b
    Average of monthly cash balances.......................
    1b
    139,690
    c
    Fair market value of all other assets (see instructions)................
    1c
    40,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,890,486
    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
    8,890,486
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    133,357
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,757,129
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    437,856
    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
    437,856
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    1,720
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,720
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    436,136
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    436,136
    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
    436,136
    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
    1,178,208
    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
    1,178,208
    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
    1,720
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,176,488
    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 7 436,136
    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...... 516,985
    e From 2017......  
    fTotal of lines 3a through e........ 516,985
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,178,208
    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..... 436,136
    e Remaining amount distributed out of corpus 742,072
    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 1,259,057
    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 ......     		1,259,057
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016.... 516,985
    d Excess from 2017....  
    e Excess from 2018.... 742,072
    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).)
    NORMAN H HOFFMAN
    ANNA M HOFFMAN
    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
    AMERICAN DIABETES ASSOCIATION
    2451 CRYSTAL DRIVE SUITE 900
    ARLINGTON,VA22202     		NONE PC PROGRAM SUPPORT 25,000
    ASCENSION CATHOLIC SCHOOL
    601 VAN BUREN STREET
    OAK PARK,IL60304     		NONE PC EDUCATION - GENERAL PROGRAM SUPPORT 3,000
    FREEDOM FOUNDATION OF MINNESOTA
    520 NICOLLET MALL STE 510
    MINNEAPOLIS,MN55402     		NONE PC PROGRAM SUPPORT 5,000
    HOLY FAMILY HIGH SCHOOL
    5195 W 144TH AVE
    BROOMFIELD,CO80023     		NONE PC EDUCATION - GENERAL PROGRAM SUPPORT 25,000
    NET MINISTRIES
    110 CRUSADER AVE W
    WEST ST PAUL,MN55118     		NONE PC PROGRAM SUPPORT 30,000
    RIDGEVIEW FOUNDATION
    500 S MAPLE ST
    WACONIA,MN55387     		NONE PC CONSTRUCTION OF EMERGENCY CENTER 1,000,000
    SHARING AND CARING HANDS
    525 N 7TH ST
    MINNEAPOLIS,MN55405     		NONE PC PROGRAM SUPPORT 2,500
    ST JOSEPH CATHOLIC CHURCH
    41 E 1ST STREET
    WACONIA,MN55387     		NONE PC PROGRAM SUPPORT 20,000
    ST PAUL SEMINARY SCHOOL
    2260 SUMMIT AVE
    ST PAUL,MN55105     		NONE PC EDUCATION - GENERAL PROGRAM SUPPORT 25,000
    UNIVERSITY OF NORTH DAKOTA FOUNDATION
    3501 UNIVERSITY AVE STOP 8157
    GRAND FORKS,ND58202     		NONE PC PROGRAM SUPPORT 10,000
    Total .................................bullet 3a 1,145,500
    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 39,023  
    4 Dividends and interest from securities....     14 175,794  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -3,328  
    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).. 0 211,489 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    211,489
    (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
    NORMAN AND ANN HOFFMAN FOUNDATION
     
    Employer identification number

    45-3080856
    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
    NORMAN AND ANN HOFFMAN FOUNDATION
          		Employer identification number
    45-3080856
    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
    NORMAN AND ANN HOFFMAN  
    116 LAKE STREET WEST
     
    WACONIA, MN55387

    		$ 5,670


    (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
    NORMAN AND ANN HOFFMAN FOUNDATION
          		Employer identification number

    45-3080856
    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
    NORMAN AND ANN HOFFMAN FOUNDATION
          		Employer identification number

    45-3080856
    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:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREP FEES 9,345 4,673   4,672

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS SR NOTE CPN 2.550% DUE 03/15/22 49,700 48,711
    GENL MTRS FINL CO INC SR NOTE CPN 3.200% DUE 07/13/20 50,128 49,380
    GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC #33124 CPN 2.650% DUE 04/27/20 99,640 99,761
    GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC SEMI CPN 1.350% DUE 02/19/19 49,825 49,936
    GOLDMAN SACHS BANK USA NEW YORK NY CD FDIC SEMI CPN 1.850% DUE 02/17/21 49,720 48,739
    GOLDMAN SACHS GROUP INC NOTE 49,659 48,422
    JEFFRIES GRP LLC SR NOTE STEP 49,688 47,520
    TIAA FSB JACKSONVILLE FL CD FDIC #34775 99,950 100,000
    INVESCO SENIOR LOAN ETF 161,490 152,460
    ISHARES IBOXX $INVESTMENT GRADE CORP BOND ETF 85,790 84,615
    ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF 66,388 62,346
    PRINCEVILLE STATE BANK PRINCEVILLE IL CD FDIC #16900 50,000 49,946
    PEOPLES UNITED BANK NA BRIDGEPORT CT CD FDIC #27334 99,998 99,559
    MURPHY OIL CORP SR NOTE 48,473 46,817
    MORGAN STANLEY SR NOTE CPN 2.375% DUE 07/23/19 49,940 49,783
    FIRST NATL BANK PARK FALLS WI CD FDIC #05358 99,985 100,000
    FIRST FINL NORTHWEST BK RENTON WA CD FDIC #29058 49,725 49,462
    HSBC BANK USA NA MCLEAN VA CD FDIC SEMI CLLB CPN 2.000% DUE 10/21/22 49,775 47,516
    ALLY BANK MIDVALE UT CD FDIC SEMI CPN 1.150% DUE 02/12/18 99,990 99,727
    WELLS FARGO & CO MEDIUM TERM NOTE CPN 2.150% DUE 01/30/20 49,913 49,457
    VANGUARD INTERMEDIATE TERM BOND ETF 58,721 56,903
    BENEFICIAL BANK PHILADELPHIA PA CD FDIC #15697 49,500 47,641
    BENEFICIAL BANK PHILADELPHIA PA CD FDIC #15697 49,050 48,416
    CAPITAL ONE BANK USA NA GLEN ALLEN VA CD FDIC #33954 49,566 49,775
    JPMORGAN CHASE BANK NA COLUMBUS OH CD FDIC QTRLY CLLB CPN 1.600% DUE 5/16/21 49,700 48,392
    COMENITY CAPITAL BANK SALT LAKE CITY UT CD 49,075 47,840
    CAPITAL ONE NA MCLEAN VA CD FDIC #04297 49,995 49,029
    CORTLAND SVGS & BKG CO 99,950 99,888

    TY 2018 InvestmentsOtherSchedule2
    Name:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANGUARD SMALL CAP VALUE ETF AT COST 49,449 68,436
    VANGUARD INFORMATION TECHNOLOGY ETF AT COST 43,480 216,879
    WELLS FARGO & COMPANY DEP SHS 1/1000TH INT PERPTL A SER Q FXD/VAR AT COST 47,565 49,140
    OSI OSHARES FTSE RUSSELL SMALL CAP QLTY DIVID ETF AT COST 76,758 66,108
    TWO HARBORS INVESTMENT CORP SER B FXD/VAR CUML REDEEM PFD 7.625% AT COST 52,100 49,640
    WELLS FARGO & COMPANY PERPETUAL PFD CONVERTIBLE CL A 7.5% AT COST 61,663 63,095
    SECTOR MATERIALS SELECT SECTOR SPDR ETF AT COST 46,906 101,040
    TCF FINL CORP DEP SHS REPSTG 1/1000TH NON CUML PFD C PRPTL 5.7 AT COST 51,614 45,680
    SELECT SECTOR COMMUNICATION SERVICES SELECT SECTOR SPDR ETF AT COST 51,888 51,600
    SELECT SECTOR TR REAL ESTATE SPDR ETF AT COST 62,167 62,000
    SOUTHERN COMPANY SER 2015A JR SUB NOTE 6.25% DUE 10/15/75 AT COST 77,098 76,530
    SPDR GOLD TRUST GOLD SHARES AT COST 48,485 60,625
    VANGUARD COMMUNICATION SERVICES ETF AT COST 24,776 42,590
    VANGUARD FTSE EMERGING MARKETS ETF AT COST 32,225 51,435
    SPDR S&P INTL DIVIDEND ETF AT COST 36,870 34,960
    SPDR SERIES TRUST S&P DIVIDEND ETF AT COST 97,196 179,040
    SPDR SERIES TRUST S&P OIL & GAS EQUIPMENT & SERVICES ETF AT COST 52,620 27,030
    VANGUARD INDUSTRIALS ETF AT COST 16,428 48,164
    SPDR SERIES TRUST S&P RETAIL ETF AT COST 58,374 55,337
    SECTOR FINANCIAL SELECT SECTOR SPDR ETF AT COST 34,989 95,280
    SPDR S&P DEVELOPED WORLD EX US ETF AT COST 85,443 121,670
    ISHARES RUSSELL 1000 VALUE ETF AT COST 57,561 111,050
    JPMORGAN CHASE & CO AT COST 32,100 29,286
    INVESCO PDF ETF AT COST 97,691 94,290
    INVESCO DWA UTILITIES MOMENTUM ETF AT COST 60,244 115,840
    INVESCO DWA CONSUMER STAPLES MOMENTUM ETF AT COST 85,897 163,025
    INVESCO DWA CONSUMER CYCLICALS MOMENTUM ETF AT COST 37,300 116,675
    FIRST TRUST NASDAQ CYBERSECURITY ETF AT COST 51,600 58,550
    ENTROPY SOLUTIONS LLC AT COST 40,000 40,000
    CITIGROUP INC DEP SHS REPSTG NONCUML PFD SER J FXD/VAR PERPTL 7.125% AT COST 50,480 52,380
    ISHARES AEROSPACE & DEFENSE ETF AT COST 50,120 60,501
    CHS INC CL B CUML REDEEMABLE PFD SER 3 6.75% AT COST 158,803 144,360
    BANK AMERICA CORP NON CUML PERPETL CONV PFD SER L 7.25% AT COST 59,800 62,625
    BANK AMER CORP DEP SHS 1/1000TH NON CUML PFD SER EE $0.01 6% PERPTL AT COST 63,757 62,625
    ASSOCIATED BANC CORP WI DEP SHS REPSTG 1/40TH AT COST 48,670 44,400
    AMTRUST FINL SVCS INC DEP SHS REPSTG 1/40TH NON CUML D PERPTL 5.375% AT COST 43,598 25,360
    AMAZON.COM INC AT COST 33,801 37,549
    ALPHABET INC CL A AT COST 43,151 41,798
    CAPITAL ONE FINANCIAL CORP DEP SHS REPSTG 1/40TH PERP PFD G 5.2% AT COST 56,398 54,050
    ISHARES EXPANDED TECH SOFTWARE SECTOR ETF AT COST 222,052 364,403
    ISHARES GLOBAL INDUSTRIALS ETF AT COST 27,312 62,336
    ISHARES MORNINGSTAR SMALL CAP VALUE ETF AT COST 38,322 49,268
    ISHARES US UTILITIES ETF AT COST 60,507 67,110
    ISHARES US INDUSTRIALS ETF AT COST 105,485 128,530
    ISHARES US HEALTHCARE ETF AT COST 154,640 189,851
    ISHARES US FINANCIALS ETF AT COST 251,974 260,607
    ISHARES US ENERGY ETF AT COST 206,988 186,960
    ISHARES U S MEDICAL DEVICES ETF AT COST 85,880 119,886
    ISHARES TECHNOLOGY ETF AT COST 120,497 159,930
    ISHARES RUSSELL MID CAP ETF AT COST 64,738 130,144
    ISHARES RUSSELL 2000 GROWTH ETF AT COST 118,983 184,800
    ISHARES OIL EQUIPMENT & SERVICES ETF AT COST 35,135 20,420
    ISHARES NASDAQ BIOTECHNOLOGY ETF AT COST 122,872 188,039
    ISHARES MSCI EMERGING MARKETS ETF AT COST 43,125 39,060
    ISHARES MSCI EAFE ETF AT COST 91,925 88,170
    ISHARES MSCI BRIC ETF AT COST 94,879 112,530
    JPMORGAN CHASE & COMPANY JPMORGAN CHASE & COMPANY NON CUML AA PERPTL 6.1% AT COST 250,012 252,080
    WISDOMTREE INDIA AT COST 31,964 49,600

    TY 2018 LegalFeesSchedule
    Name:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,074 0   2,074


    TY 2018 OtherExpensesSchedule
    Name:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MINNESOTA ATTORNEY GENERAL FEE 25 0   25
    INVESTMENT MANAGEMENT FEE 36,809 36,809   0
    ACCRUED INTEREST PAID 1,290 1,290   0
    INSURANCE 371 0   371


    TY 2018 TaxesSchedule
    Name:
    NORMAN AND ANN HOFFMAN FOUNDATION
    EIN:
    45-3080856
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2017 EXCISE TAX 754 0   0
    2018 ESTIMATED PAYMENT 2,840 0   0
    PAYROLL TAXES 1,932 0   1,932