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
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2019 , and ending 12-31-2019
Name of foundation
ROEHL FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1085 COUNTY ROAD 83
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MAPLE PLAIN, MN553599367
A Employer identification number

47-6490311
B Telephone number (see instructions)

(952) 448-5111
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$11,343,619
J 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) 799,519
2 Check bullet.............
3 Interest on savings and temporary cash investments 24,615 24,615  
4 Dividends and interest from securities... 236,756 236,756  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 388,872
b Gross sales price for all assets on line 6a 2,822,405
7 Capital gain net income (from Part IV, line 2)... 388,872
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)....... 7,178    
12 Total. Add lines 1 through 11........ 1,456,940 650,243  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 4,264 2,132   2,132
c Other professional fees (attach schedule).... 65,331 65,331    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 7,194 5,494    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 76,814 72,957   2,157
25 Contributions, gifts, grants paid....... 467,000 467,000
26 Total expenses and disbursements. Add lines 24 and 25 543,814 72,957   469,157
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 913,126
b Net investment income (if negative, enter -0-) 577,286
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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............. 2,350 73,345 73,345
2 Savings and temporary cash investments......... 264,427 223,257 223,257
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)....... 6,732,474 Click to see attachment8,959,705 8,959,705
c Investments—corporate bonds (attach schedule)....... 976,084 Click to see attachment1,071,118 1,071,118
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,185,555 Click to see attachment1,016,194 1,016,194
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) 9,160,890 11,343,619 11,343,619
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
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 9,160,890 11,343,619
29 Total net assets or fund balances (see instructions)..... 9,160,890 11,343,619
30 Total liabilities and net assets/fund balances (see instructions). 9,160,890 11,343,619
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
9,160,890
2
Enter amount from Part I, line 27a .....................
2
913,126
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,269,603
4
Add lines 1, 2, and 3 ..........................
4
11,343,619
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,343,619
Form 990-PF (2019)
Form 990-PF (2019)
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 8 SH CARETRUST REIT INC D 2019-03-07 2019-12-23
b 22 SH BOSTON PROPERTIES INC REIT P 2016-03-04  
c 5 SH NATIONAL RETAIL PPTYS D 2018-07-20 2019-12-09
d WAL-MART SR UNSECURED NOTES P 2010-12-24 2019-02-01
e 197 SH KIMBERLY-CLARK CORP P    
213 SH VERIZON COMMUNICATIONS D 2010-11-29  
19 SH PPG P 2016-03-02 2019-01-23
144 SH GRUBHUB INC D    
26 SH ALIGN TECH INC P   2019-08-06
13 SH UNITED HEALTH GROUP INC P 2018-04-20 2019-10-08
77 SH DOCUSIGN INC P 2018-04-30 2019-10-29
21 SH RBC BEARINGS P 2017-03-06 2019-10-29
111 SH RESPOL; YPF SA P 2018-10-03 2019-09-23
348 SH DIAMLER GROUP P 2018-05-22 2019-08-19
90 SH AERCAP HOLDINGS NV P 2016-03-04  
58 SH COOPER COS INC P 2016-03-02  
195 SH SIGNATURE BANK P 2016-03-02 2019-05-29
2,758.514 SH BLACKROCK STRATEGIC INC P 2015-01-14 2019-02-22
3,885.403 SH TCW EMERGING MARKETS D   2019-10-29
4 SH ESSEC PROPERTY TRUST INC P 2018-08-03 2019-04-11
28 SH CAMDEN PROPERTY TRUST P 2016-03-04  
226 SH PENN REAL EST INV TR D 2017-03-24 2019-03-07
4 SH AMERICAN ELECTRIC POWER P 2019-05-08 2019-06-28
200 SH PEPSICO INCORPORATED P    
145.81059 SH VODAFONE GROUP PLC D 2010-11-29 2019-03-04
53 SH PHILIP MORRIS INT'L INC P 2016-03-02 2019-03-28
96 SH KLA CORP P   2019-11-25
3 SH ALPHABET INC P 2016-03-02 2019-07-05
41 SH ZOETIS INC P 2017-02-17 2019-02-26
168 SH DONALDSON COMPANY P 2017-03-06  
303 SH RIGHTMOVE PLC P   2019-10-29
649 SH TESCO PLC P 2019-04-30 2019-10-15
95 SH DUETSCHE BOERSE AG P 2017-10-25 2019-05-31
29 SH AUTOHOME INC ADR P 2019-05-30 2019-10-29
99 SH ELANCO ANIMAL HEALTH INC P 2018-09-21 2019-10-29
165 SH SKYWORKS SOLUTIONS P 2016-03-02 2019-05-20
852 SH INVESCO S&P 500 EQUAL WEIGHT P 2014-07-01 2019-02-22
979 SH VANGUARD GROWTH ETF D   2019-02-22
3 SH HOWARD HUGHES CORP P 2018-08-23 2019-08-15
39 SH CUBESMART D 2016-03-04 2019-09-24
169 SH PIEDMONT OFFICE REALTY D 2016-03-04  
305 SH BRITISH AMERICAN TOBACCO PLC P 2018-08-08 2019-07-26
165 SH PHILIP MORRIS INT'L INC P    
16 SH MOODY'S CORP P 2018-10-17 2019-04-10
178 SH SCHLUMBERGER LTD P    
119 SH KEYSIGHT TECHS P 2018-11-01 2019-05-20
3 SH AMAZON.COM P 2016-03-02 2019-03-08
28 SH AVALARA INC P   2019-10-29
97 SH ELLIE MAE P 2017-03-06 2019-02-14
9 SH US PHYSICAL THERAPY P   2019-10-29
73 SH TORAY INDUSTRIES P 2018-12-24 2019-11-15
65 SH E.ON SE P 2016-03-04 2019-04-18
100 SH BROOKS AUTOMATION P 2018-11-28 2019-10-29
45 SH EXPONENT INC P 2016-03-02 2019-10-29
122 SH TRACTOR SUPPLY P 2017-06-13  
687 SH INVESCO S&P 500 EQUAL WEIGHT P 2014-07-01 2019-10-29
490 SH VANGUARD VALUE ETF D   2019-10-29
10 SH INVITATION HOMES HOMES INC P 2019-04-01 2019-12-23
27 SH CYRUSONE INC D 2017-12-22  
33 SH PUBLIC STORAGE INC P 2015-12-24  
134 SH CORWN CASTLE INT'L CORP D 2018-12-09 2019-08-27
418 SH PROCTOR & GAMBLE P    
75 SH ROCHE HOLDINGS LTD ADR P 2018-12-06 2019-12-06
76 SH STATE STREET CORP P    
19 SH MARKETAXESS HOLDINGS P 2018-02-05 2019-01-15
10 SH BOOKING HOLDINGS P   2019-04-23
54 SH BLACKLINE INC P 2019-03-05 2019-10-29
8 SH FACTSET RESEARCH SYSTEMS P 2017-03-06 2019-10-29
0.02800 SH ACS ACTIVIDADES P 2019-02-27 2019-02-27
4 SH ASML HOLDINGS P 2019-03-26 2019-07-18
322 SH INTESA SANPAOLO ADR P 2016-03-10 2019-05-31
9 SH EQUIFAX INC P 2019-08-02 2019-10-29
57 SH FIRST FINL BANKSHARES P 2016-03-02 2019-10-29
16 SH VERISK ANALYTICS INC P 2018-03-15 2019-10-29
191 SH ISHARES S&P 500 GROWTH ETF P 2014-11-19 2019-02-22
20 SH PENN REAL ESTATE INV TRUST D 2018-09-04 2019-03-07
16 SH DIGITAL RELATY TRUST D 2016-03-04  
124 SH RLG LODGING TRUST D 2016-03-04  
39 SH HUNTINGTON BANCSHARES P 2018-11-16 2019-05-08
350 SH SOUTHERN COMPANY P    
46 SH XCEL ENERGY INC P 2018-11-28 2019-10-02
11 SH THERMO FISCHER SCIENTIFIC P 2016-03-02 2019-12-18
70 SH MONSTER BEVERAGE CORP P   2019-01-03
228 SH CSX CORP P   2019-01-15
113 SH ELLIE MAE INC P   2019-02-14
142 SH FOX FACTORY HOLDING CORP P 2017-03-06  
18 SH ARCELORMITTAL P 2018-10-12 2019-06-03
27 SH NXP SEMICONDUCTORS NV P 2018-12-18  
337 SH ORANGE ADR P 2016-04-14 2019-07-10
55 SH INT'L FLAVOR & FRAGRANCES P 2019-04-25 2019-12-17
92 SH GLOBUS MEDICAL INC P 2016-03-02 2019-10-29
194 SH WABCO HOLDINGS P 2016-03-02 2019-04-25
106 SH ISHARES S&P MIDCAP 400 VALUE P 2017-11-30 2019-10-29
1 SH PUBLIC STORAGE P 2019-09-24 2019-12-09
5 SH DUKE REALTY CORP P 2017-12-22 2019-12-23
342 SH RETAIL PROPERTIES OF AMERICA D 2016-04-01  
425 SH KRAFT HEINZ CO P 2018-05-07 2019-02-22
510 SH TOTAL SA P    
97 SH ALTRIA GROUP P   2019-03-20
165 SH WELLS FARGO & CO P 2016-03-02  
55 SH NETFLIX.COM P    
38 SH EDWARDS LIFESCHIENCES P 2016-03-02  
58 SH GROCERY OUTLET HOLDINGS P 2019-10-04 2019-10-29
30 SH HEICO CORP P 2017-03-06 2019-10-29
58 SH BHP GROUP PLC P 2018-11-21 2019-10-10
0.24 SH ACS ACTIDADES P 2019-07-26 2019-07-26
75 SH ROCHE HOLDINGS ADR P 2016-03-04 2019-04-23
17 SH OLD DOMINION FREIGHT P 2019-05-20 2019-10-29
290 SH GRACO INC P 2016-03-02  
39 SH WEST PHARMA P 2016-10-03 2019-10-29
121 SH ISHARES S&P VALUE ETF P 2017-11-30 2019-10-29
6 SH RLJ LODGING TRUST D 2018-09-04 2019-08-15
110 SH EASTERLY GOVT PROPERTIES INC D 2016-06-03  
48 SH REXFORD IND REALTY INC D 2016-03-04  
142 SH PRCTOR & GAMBLE P 2019-01-09 2019-08-01
231 SH UNITED PARCEL SERVICE P    
76 SH DXC TECHNOLOGY CO P    
144 SH XCEL ENERGY P    
201 SH QUALCOMM INC P   2019-05-28
41 SH FACEBOOK INC P 2016-03-02 2019-03-20
42 SH MOELIS & CO P   2019-09-17
63 SH INTERACIVE BROKERS P 2017-03-06 2019-10-29
5 SH BAIDU INC P 2019-01-15 2019-08-13
143 SH ACTIVIDADES DE CONST P 2016-12-22 2019-03-12
64 SH KONINKLIJKE DSM NV P 2016-03-04 2019-04-18
18 SH PRIMERICA INC P 2019-05-01 2019-10-29
39 SH HOULIHAN LOKEY P 2017-12-08 2019-10-29
155 SH ZOETIS INC P 2016-03-02 2019-03-08
1,444.048 SH LORD ABBET ST DURATION P 2014-07-10 2019-10-29
40 SH RETAIL PROPERTIES OF AMERICA D 2018-09-04 2019-08-15
16 SH EMPIRE STATE REALTY D 2016-03-04 2019-03-07
39 SH SIMON PROPERTY GROUP P 2016-03-04  
340 SH TOTAL SA P 2019-03-04 2019-10-07
120 SH VENTAS COMM D   2019-10-09
16 SH DANHER CORP P 2016-03-02 2019-06-03
32 AMDOCS LTD P 2017-01-17 2019-02-28
77 SH RAYTHEON COMPANY P   2019-06-13
112 SH FIRST REPUBLIC BANK P   2019-06-11
40 SH OPPORTUN FINANCIAL CORP P 2019-10-04 2019-10-29
9 SH MARKETAXESS HOLDINGS INC P 2017-03-06 2019-10-29
293 SH BANCO SANTANDER P   2019-06-04
13 SH AIA GROUP P 2017-03-13 2019-04-18
33 SH ROYAL DUTCH SHELL P 2016-03-04 2019-11-01
42 SH SITEONE LANDSCPATE P 2019-03-25 2019-10-29
146 SH INT'L FLAVOR & FRAGRANCES P    
ROUNDING ADJUSTMENT P    
773.022 SH METRO WEST TOTAL BOND FUN P 2015-01-14 2019-02-22
1 SH VORNADO REALTY TR P 2018-09-04 2019-08-15
9 SH EQUITY LIFESTYLE PROPERTIES D 2015-12-24  
17 SH STORE CAPITAL GROUP D 2016-03-04 2019-12-09
535 SH ALTRIA GROUP P    
133 SH VERIZON COMMUNICATIONS P 2015-02-20 2019-01-30
21 SH DUKE ENERGY CORP P 2016-03-02 2019-03-06
32 SH ACCENTURE PLC P 2016-03-02  
17 SH UNION PACIFIC CORP P 2019-01-15 2019-10-08
9 SH ILLUMINA INC P 2018-05-29 2019-10-17
69 SH AAON INC P 2017-03-06 2019-10-29
268 SH MOELIS & CO P 2018-03-14 2019-09-16
24 SH BRITISH AMERICAN TOBACO PLC P 2018-02-28 2019-01-24
23 SH AIRBUS SE P 2016-10-13 2019-03-05
13 SH SAP SE P 2018-01-31 2019-05-16
108 SH WABCO HOLDINGS INC P 2018-10-22 2019-04-25
33 SH LAMB WESTON HOLDINGS P 2018-02-09 2019-10-29
17 SH CAMDEN PROPERTY TRUST REIT P 2018-12-19 2019-08-15
2,630.273 SH METRO WEST TOTAL BOND F P 2015-01-14 2019-10-29
13 SH ACADIA REALTY GROUP P 2016-03-04 2019-08-01
6 SH ESSEX PROPERTY TRUST INC P 2018-08-30  
42 SH TAUBMAN CENTERS D 2016-03-04 2019-11-18
298 SH AMERICAN ELECTRIC POWER P    
800.18941 SH VODAFONE GROUP PLC P    
160 SH GENERAL MILLS P    
127 SH JOHNSON CONTROLS INTL PLC P    
25 SH UNITEDHEALTH GOUP INC P 2018-04-20  
31 SH MARKETAXESS HOLDINGS INC P 2018-01-02 2019-01-15
10 SH ANSYS INC P 2017-03-06 2019-10-29
24 SH MORNINGSTAR INC P 2017-03-06 2019-10-29
68 SH DIAMLER AG P 2019-01-16 2019-08-19
202 SH ARCELORMITTAL P 2017-05-05 2019-06-03
317 SH SECOM LTD P 2016-03-04 2019-11-25
18 SH ZEBTRA TECHNOLOGIES CORP P 2019-06-28 2019-10-29
10 SH LENNOX INT'L P 2017-02-17 2019-10-29
872.380 SH INVESCO OPPENHEIMER DEV M P 2019-02-22 2019-10-29
139 SH TECHNOLOGY SELECT SECTOR SPDR P 2014-04-21 2019-02-22
33 SH AMERICAN ASSETS TR INC D 2016-03-04  
182 SH EXTENDED STAY AMERICA P 2016-03-04  
20 SH VORNADO REALTY TR P 2016-03-04 2019-08-15
532 SH ASTRAZENECA PLC P    
266 SH ALTRIA GROUP D 2010-12-29  
32 SH GOLDMAN SACHS GROUP INC P 2016-03-02  
15 SH CHUBB LTD P 2016-03-02 2019-08-14
168 SH XPO LOGISTICS INC D   2019-02-19
209 SH MONSTER BEVERAGE CORP P   2019-01-03
28 SH ASPEN TECH P 2017-03-06 2019-10-26
112 SH NEVE CORP P 2017-03-07  
374 SH INTERNATIONAL CONS AIRLINES P   2019-02-28
162 SH BHP GROUP PLC P 2017-02-03 2019-02-28
328 SH SEVEN & I HOLDINGS P 2017-07-21 2019-04-23
55 SH AMN HEALTHCARE SERVICES P 2018-01-19 2019-10-29
399 SH MONSTER BEVERAGE CORP P   2019-03-20
117 SH WISDOM TREE INT'L SMALL CAP P 2019-02-22 2019-09-26
547 SH VANGUARD SMALL CAP ETF P 2015-02-11  
138 SH AMERICAN CAMPUS COMM D 2016-03-04  
7 SH FEDERAL RLTY INVT P 2016-03-04  
68 SH WASHINGON REAL ESTATE REIT D 2016-07-01 2019-01-29
349 BRITISH AMERICAN TOBACCO PLC P    
115 SH COCA-COLA COMPANY D 2010-12-29  
16 SH KIMBERLY-CLARK CORP P 2018-02-15 2019-09-11
15 SH ABIOMED INC P 2019-04-10 2019-10-03
37 SH ABIOMED INC P   2019-10-03
149 SH PTC INC P   2019-09-13
2,651 SH AUTO TRADER GROUP ADR P 2018-03-19 2019-10-29
24 SH OLD DOMINION FREIGHT P 2017-03-06 2019-10-29
98 SH INTESA SANPAOLO SPONSORED P 2018-08-14 2019-05-31
30 SH BAIDU P 2017-05-02 2019-08-13
30 SH SMITH & NEPHEW PLC P 2016-03-04 2019-07-18
51 SH AMETEK INC P 2016-03-02 2019-10-29
11 SH MOODY'S CORP P 2016-06-15 2019-10-29
966.248 INVESCO OPPENHEIMER DEV P 2015-02-11 2019-10-29
1,259 SH WISDOM TREET INT'L SMALLCAP P 2015-05-13 2019-09-26
71 SH AMERICAN HOMES 4 RENT D 2016-03-04  
9 SH HEALTHCARE TR AMERICA D 2017-05-22 2019-12-23
19 SH WELLTOWER INC D 2016-03-04  
611 SH COCA-COLA COMPANY P    
110 SH DOMINION ENERGY D 2010-11-29 2019-09-06
5 SH LOCKHEED MARTIN P 2018-04-05 2019-05-15
52 SH ACTIVISION BLIZZARD INC P 2018-04-27 2019-01-03
172 SH ACTIVISION BLIZZARD INC P   2019-01-03
25 SH SALESFORCE.COM P 2016-03-02 2019-08-19
59 SH AUTOHOME INC-ADR P 2017-03-06 2019-10-29
53 SH OLLIE'S BARGAIN OUTLET P 2017-03-06 2019-10-29
85 SH KUBOTA CORP P 2018-07-02 2019-03-15
1,006 SH BANCO SANTANDER P 2018-02-20 2019-06-04
833 SH SUMITONO MITSUI FINANCIAL ADR P 2017-06-07 2019-08-12
28 SH AMPHENOL CORP P 2016-03-02 2019-10-29
19 SH NORDSON CORP P 2016-03-02 2019-10-29
3,459 SH ALERIAN MLP ETF P 2016-12-22 2019-10-29
1,888.736 SH INVESCO OPPENHEIMER DEV D   2019-10-29
2 SH AMERICOLD REALTY TRUST D 2018-09-21 2019-12-23
26 SH HEALTHPEAK PPTYS D 2018-03-13 2019-11-19
JOHN HANCOCK SIGNATURE NOTES P 2010-11-24 2019-03-15
543 SH CORWN CASTLE INT'L CORP D    
61 SH KIMBERLY-CLARK CORP D 2010-11-29 2019-07-17
98 SH METLIFE P 2016-03-02  
39 SH ALEXION PHARMA P   2019-09-03
133 SH ALEXION PHARMA P   2019-09-03
215 SH CHARLES SCHWAB P   2019-07-16
200 SH CHEFS WAREHOUSE P 2017-03-07 2019-10-29
25 SH PAYCOM SOFTWARE P 2017-03-06 2019-10-29
124 SH MURATA MANUFACTURING P 2018-11-15  
107 SH BRITISH AMERICAN TOBACCO PLC P 2017-10-11 2019-01-24
336 SH TORAY INDUSTRIES P 2017-11-02  
41 SH ASPEN TECH P 2016-04-26 2019-10-29
23 SH ROSS STORES INC P 2016-03-02 2019-10-29
4,468.982 SH CAMBRIAR INT'L EQUITY P 2014-05-07 2019-10-29
1,604 SH GOLDMAN SACHS GROUP INC PFD D   2019-10-29
2 SH AVALON BAY COMM P 2016-03-04 2019-12-23
41 SH HOST HOTELS & RESORTS P 2016-03-04 2019-12-23
MEDTRONIC SENIOR NOTES D 2015-02-27 2019-08-09
640 SH GENERAL MILLS P    
109 SH SOUTHERN COMPANY D 2010-11-29 2019-08-27
21 SH PNC FINANICAL SERVICES P 2016-03-02 2019-03-12
34 SH ALIGN TECH INC P   2019-08-06
25 SH ALIBABA GRP HOLDINGS ADR P 2018-01-02 2019-03-04
28 SH ULTA BEAUTY P    
320 SH COPART INC P 2017-03-06 2019-10-28
18 SH PRICEMART INC P 2017-03-06 2019-10-29
122 SH NASPERS LTD NEW P   2019-10-31
65 SH CARLSBERG P 2016-03-04 2019-04-18
117 SH TOTAL SA P 2016-03-04 2019-06-06
26 SH BROADRIDGE FINANICAL P 2016-03-02 2019-10-29
41 SH SEI INVESTMENTS CO P 2018-08-31 2019-10-29
11,183.915 SH AB HIGH INCOME FUND P 2017-01-03 2019-02-22
205 SH TECHNOLOGY SELECT SECTOR D   2019-10-29
(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 164   184 -20
b 2,877   2,599 278
c 273   221 52
d 16,000   17,464 -1,464
e 26,939   12,583 14,356
12,321   6,752 5,569
1,925   1,885 40
10,454   18,616 -8,162
4,872   4,377 495
2,841   3,039 -198
5,143   2,979 2,164
3,433   1,944 1,489
1,724   2,217 -493
4,013   6,993 -2,980
4,689   3,397 1,292
18,930   8,309 10,621
23,328   26,406 -3,078
26,730   27,839 -1,109
31,574   33,396 -1,822
1,157   985 172
2,886   2,197 689
1,287   2,533 -1,246
352   335 17
27,517   14,009 13,508
2,490   6,680 -4,190
4,371   4,842 -471
15,665   14,023 1,642
3,372   2,149 1,223
3,848   2,174 1,674
8,684   7,561 1,123
4,695   3,771 924
6,019   6,423 -404
1,307   1,003 304
2,501   2,592 -91
2,700   3,408 -708
11,318   11,519 -201
88,956   65,695 23,261
148,508   56,895 91,613
385   386 -1
1,378   1,193 185
3,667   3,266 401
11,398   16,370 -4,972
11,828   13,576 -1,748
2,971   2,565 406
6,173   12,567 -6,394
8,789   6,826 1,963
4,840   1,740 3,100
2,079   1,450 629
9,594   9,481 113
1,294   553 741
1,030   991 39
713   622 91
4,397   2,957 1,440
2,906   1,070 1,836
12,930   6,992 5,938
75,634   50,811 24,823
55,847   20,562 35,285
293   243 50
1,823   1,503 320
6,990   8,081 -1,091
18,637   15,210 3,427
44,523   33,607 10,916
2,884   2,353 531
5,300   6,478 -1,178
3,991   3,806 185
18,840   14,321 4,519
2,527   2,609 -82
2,052   1,417 635
       
901   747 154
3,910   4,633 -723
1,223   1,244 -21
2,012   783 1,229
2,405   1,669 736
32,873   21,285 11,588
114   198 -84
1,892   1,014 878
2,043   2,716 -673
533   579 -46
20,705   16,079 4,626
2,926   2,376 550
3,491   1,519 1,972
3,367   3,534 -167
14,792   11,790 3,002
11,177   7,582 3,595
8,684   4,065 4,619
269   512 -243
2,898   2,109 789
5,188   5,748 -560
6,614   7,494 -880
4,610   2,302 2,308
25,808   18,580 7,228
24,187   22,998 1,189
213   248 -35
171   134 37
4,003   5,097 -1,094
14,825   23,508 -8,683
25,905   27,131 -1,226
5,408   6,794 -1,386
8,027   8,159 -132
14,636   16,465 -1,829
6,495   3,628 2,867
1,810   1,977 -167
2,812   1,131 1,681
2,431   2,375 56
2     2
2,445   2,367 78
3,236   2,502 734
14,491   7,628 6,863
4,171   2,153 2,018
19,863   19,365 498
95   130 -35
2,048   1,975 73
1,890   816 1,074
16,422   13,064 3,358
27,517   25,944 1,573
4,073   5,403 -1,330
8,993   5,892 3,101
13,394   17,512 -4,118
6,676   4,494 2,182
1,430   1,557 -127
3,035   2,354 681
486   840 -354
1,235   827 408
1,839   822 1,017
2,324   2,337 -13
1,837   1,755 82
14,186   6,491 7,695
6,065   6,570 -505
455   502 -47
256   257 -1
6,060   7,675 -1,615
16,712   19,391 -2,679
8,809   6,252 2,557
1,984   1,103 881
1,769   1,917 -148
13,276   14,316 -1,040
10,971   10,932 39
663   598 65
3,165   1,739 1,426
1,314   1,469 -155
528   329 199
1,932   1,591 341
3,445   2,341 1,104
17,597   16,890 707
8   2 6
8,109   8,520 -411
61   77 -16
1,153   590 563
671   409 262
23,164   22,474 690
7,022   6,496 526
1,879   1,743 136
6,074   3,279 2,795
2,600   2,588 12
2,806   2,395 411
3,439   2,402 1,037
9,287   12,717 -3,430
754   1,433 -679
731   330 401
1,671   1,465 206
14,367   11,496 2,871
2,532   1,797 735
1,774   1,536 238
28,933   28,858 75
362   440 -78
1,896   1,475 421
1,461   3,036 -1,575
26,003   11,347 14,656
14,637   32,813 -18,176
8,045   8,355 -310
5,162   5,816 -654
6,330   5,845 485
6,512   6,303 209
2,232   1,056 1,176
3,668   1,917 1,751
784   959 -175
3,020   4,747 -1,727
6,944   5,960 984
4,283   3,784 499
2,490   1,624 866
38,097   36,291 1,806
9,796   4,438 5,358
1,487   1,246 241
2,655   2,941 -286
1,214   1,481 -267
19,598   16,114 3,484
12,909   6,458 6,451
5,942   4,929 1,013
2,330   1,772 558
9,091   17,304 -8,213
10,055   9,605 450
3,255   1,658 1,597
7,178   9,313 -2,135
6,002   5,928 74
7,199   4,963 2,236
5,545   6,483 -938
3,285   2,777 508
23,550   17,734 5,816
7,450   7,698 -248
85,828   72,254 13,574
6,511   5,815 696
939   1,043 -104
1,684   2,162 -478
12,778   23,208 -10,430
5,357   3,625 1,732
2,092   1,808 284
2,439   4,206 -1,767
6,017   10,677 -4,660
9,970   14,436 -4,466
4,719   3,367 1,352
4,567   2,181 2,386
1,190   1,516 -326
2,919   5,467 -2,548
1,304   992 312
4,674   2,436 2,238
2,409   1,086 1,323
42,196   33,461 8,735
80,154   88,665 -8,511
1,712   1,090 622
271   278 -7
1,551   1,251 300
31,160   25,594 5,566
8,408   4,558 3,850
1,667   1,725 -58
2,372   3,424 -1,052
7,846   8,483 -637
3,589   1,744 1,845
5,082   1,927 3,155
3,518   1,662 1,856
5,890   6,730 -840
4,513   7,044 -2,531
5,630   6,385 -755
2,833   1,539 1,294
3,008   1,380 1,628
29,678   38,469 -8,791
82,481   68,351 14,130
69   51 18
909   584 325
16,000   17,521 -1,521
70,828   48,733 22,095
8,411   3,582 4,829
4,334   3,679 655
3,771   5,033 -1,262
13,574   17,924 -4,350
8,956   6,502 2,454
7,130   2,929 4,201
5,243   1,408 3,835
1,968   1,734 234
3,359   7,011 -3,652
4,754   6,863 -2,109
4,767   1,539 3,228
2,510   1,345 1,165
117,936   112,209 5,727
34,317   35,006 -689
415   359 56
767   677 90
51,852   50,890 962
32,915   35,359 -2,444
6,301   4,081 2,220
2,691   1,794 897
6,372   9,880 -3,508
4,656   4,580 76
6,746   4,835 1,911
27,036   9,656 17,380
1,286   1,596 -310
3,452   6,216 -2,764
1,640   1,162 478
6,211   5,580 631
3,230   1,489 1,741
2,478   2,586 -108
90,813   96,471 -5,658
16,080   5,510 10,570
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       -20
b       278
c       52
d       -1,464
e       14,356
      5,569
      40
      -8,162
      495
      -198
      2,164
      1,489
      -493
      -2,980
      1,292
      10,621
      -3,078
      -1,109
      -1,822
      172
      689
      -1,246
      17
      13,508
      -4,190
      -471
      1,642
      1,223
      1,674
      1,123
      924
      -404
      304
      -91
      -708
      -201
      23,261
      91,613
      -1
      185
      401
      -4,972
      -1,748
      406
      -6,394
      1,963
      3,100
      629
      113
      741
      39
      91
      1,440
      1,836
      5,938
      24,823
      35,285
      50
      320
      -1,091
      3,427
      10,916
      531
      -1,178
      185
      4,519
      -82
      635
       
      154
      -723
      -21
      1,229
      736
      11,588
      -84
      878
      -673
      -46
      4,626
      550
      1,972
      -167
      3,002
      3,595
      4,619
      -243
      789
      -560
      -880
      2,308
      7,228
      1,189
      -35
      37
      -1,094
      -8,683
      -1,226
      -1,386
      -132
      -1,829
      2,867
      -167
      1,681
      56
      2
      78
      734
      6,863
      2,018
      498
      -35
      73
      1,074
      3,358
      1,573
      -1,330
      3,101
      -4,118
      2,182
      -127
      681
      -354
      408
      1,017
      -13
      82
      7,695
      -505
      -47
      -1
      -1,615
      -2,679
      2,557
      881
      -148
      -1,040
      39
      65
      1,426
      -155
      199
      341
      1,104
      707
      6
      -411
      -16
      563
      262
      690
      526
      136
      2,795
      12
      411
      1,037
      -3,430
      -679
      401
      206
      2,871
      735
      238
      75
      -78
      421
      -1,575
      14,656
      -18,176
      -310
      -654
      485
      209
      1,176
      1,751
      -175
      -1,727
      984
      499
      866
      1,806
      5,358
      241
      -286
      -267
      3,484
      6,451
      1,013
      558
      -8,213
      450
      1,597
      -2,135
      74
      2,236
      -938
      508
      5,816
      -248
      13,574
      696
      -104
      -478
      -10,430
      1,732
      284
      -1,767
      -4,660
      -4,466
      1,352
      2,386
      -326
      -2,548
      312
      2,238
      1,323
      8,735
      -8,511
      622
      -7
      300
      5,566
      3,850
      -58
      -1,052
      -637
      1,845
      3,155
      1,856
      -840
      -2,531
      -755
      1,294
      1,628
      -8,791
      14,130
      18
      325
      -1,521
      22,095
      4,829
      655
      -1,262
      -4,350
      2,454
      4,201
      3,835
      234
      -3,652
      -2,109
      3,228
      1,165
      5,727
      -689
      56
      90
      962
      -2,444
      2,220
      897
      -3,508
      76
      1,911
      17,380
      -310
      -2,764
      478
      631
      1,741
      -108
      -5,658
      10,570
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 2 388,872
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 49,172
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))
2018 413,043 9,369,156 0.044085
2017 261,425 8,469,540 0.030866
2016 161,507 5,481,268 0.029465
2015 37,568 3,352,774 0.011205
2014   873,641  
2
Total of line 1, column (d) .....................
2
0.115621
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
0.028905
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
10,335,801
5
Multiply line 4 by line 3......................
5
298,756
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,773
7
Add lines 5 and 6........................
7
304,529
8
Enter qualifying distributions from Part XII, line 4,.............
8
469,157
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 (2019)
Form 990-PF (2019)
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 5,773
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  
3 Add lines 1 and 2........................... 3 5,773
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,773
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 3,986
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,986
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 1,787
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 2020 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 2019 or the taxable year beginning in 2019? 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 (2019)
    Form 990-PF (2019)
    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
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletKATHERINE ROEHL Telephone no.bullet (952) 448-5111

    Located atbullet1085 COUNTY ROAD 83MAPLE PLAINMN ZIP+4bullet553599367
    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 2019, 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 2019?.............
    1c
     
     
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    KATHERINE ROEHL TRUSTEE
    1.00
    0 0 0
    1085 COUNTY ROAD 83
    MAPLE PLAIN,MN553599367
    GERALD ROEHL TRUSTEE
    1.00
    0 0 0
    1085 COUNTY ROAD 83
    MAPLE PLAIN,MN553599367
    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  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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.............bullet  
    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 ROEHL FAMILY FOUNDATION PROVIDES GRANTS TO EDUCATION, HEALTH AND SOCIAL ASSITANCE ORGANIZATIONS THROUGHOUT THE UNITED STATES. 469,157
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    7,819,119
    b
    Average of monthly cash balances.......................
    1b
    405,701
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,268,379
    d
    Total (add lines 1a, b, and c).........................
    1d
    10,493,199
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    10,493,199
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    157,398
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    10,335,801
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    516,790
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    516,790
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    5,773
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,773
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    511,017
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    511,017
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    511,017
    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
    469,157
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    469,157
    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
    5,773
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    463,384
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2018
    (c)
    2018
    (d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 511,017
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 461,502
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 469,157
    a Applied to 2018, but not more than line 2a 461,502
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
     
    c Treated as distributions out of corpus (Election
    required—see instructions)........
     
    d Applied to 2019 distributable amount..... 7,655
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2019.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
     
    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......
     
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
     
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
     
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........
    503,362
    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) .......
     
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...
     
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......
     
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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).)
    KATHERINE GERALD ROEHL
    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 (2019)
    Form 990-PF (2019)
    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
    CRISTO REY HIGH SCHOOL
    2924 4TH AVENUE SOUTH
    SUITE 10
    MINNEAPOLIS,MN55408
      PC EDUCATION/POVERTY 50,000
    CRISTO REY HIGH SCHOOL
    2924 4TH AVENUE SOUTH
    SUITE 10
    MINNEAPOLIS,MN55408
      PC EDUCATION/POVERTY 50,000
    HAVEN HOMES INC
    1520 WYMAN AVENUE
    MAPLE PLAIN,MN55359
      PC SENIOR HOUSING 10,000
    DES MOINES CHRISTIAN SCHOOL
    13007 DOUGLAS PARKWAY
    URBANDALE,IA50323
      PC EDUCATION 10,000
    WILDWOOD HILLS RANCH
    2552 UNION LANE
    ST CHARLES,IA50240
      PC HEALTH & OUTREACH TO AT-RISK CHILDRE 7,500
    BETHANY CHRISTIAN SERVICES
    316 EAST 6TH STREET
    DES MOINES,IA50309
      PC CHILDREN & FAMILIES IN NEED 7,500
    JOPPA OUTREACH INC
    118 SE 4TH STREET
    SUITE 120
    DES MOINES,IA50309
      PC THE POOR & HOMELESS 7,500
    GLOBAL IE
    PO BOX 631006
    HIGHLANDS RANCH,CO80163
      PC EDUCATION 5,000
    OZARK TEEN CHALLENGE-HOME OF HOPE
    PO BOX 2066
    BRANSON WEST,MO65737
      PC HEALTH / ADDICTION SERVICES 5,000
    FREEDOM FOR YOUTH MINISTRIES
    2301 HICKMAN ROAD
    DES MOINES,IA50310
      PC OUTREACH EDUCATION 7,500
    FEED MY STARVING CHILDREN
    401 93RD AVENUE NW
    COON RAPIDS,MN55433
      PC POVERTY 10,000
    HOPE ACADEMY
    2300 CHICAGO AVE
    MINNEAPOLIS,MN55404
      PC EDUCATION 15,000
    ICCDF - CHAT LA ROMANA SCHOOL
    4048 CRESTWOOD DRIVE
    WAUSAU,WI54503
      PC EDUCATION 10,000
    PRADER WILLIS SYNDROME ASSOC
    8588 POTTER PARK DRIVE
    SUITE 500
    SARASOTA,FL34238
      PC HEALTH 5,000
    SOURCE MINISTRIES
    PO BOX 7900
    CHARLOTTE,NC28241
      PC POVERTY & HEALTH 5,000
    NEW LIFE FAMILY SERVICES
    1515 66TH STREET
    RICHFIELD,MN55423
      PC ADOPTION ASSISTANCE 10,000
    JOSEPHINE SCULPTURE PARK
    3355 LAWRENCEBURG ROAD
    FRANKFORT,KY40601
      PC COMMUNITY ART EDUCATION 8,000
    AMPERSAND FAMILIES
    2515 WABASH AVENUE
    SUITE 150
    ST PAUL,MN55114
      PC ADOPTION ASSISTANCE 8,000
    DAYS FOR GIRLS
    1610 GROVER STREET
    SUITE B22
    LYNDEN,WA98264
      PC FEMININE HYGEINE 8,000
    AGAINST MALARIA FOUNDATION
    310 W 20TH STREET
    SUITE 300
    KANSAS CITY,MO64108
      PC HEALTH AWARENESS 8,000
    AMERICAN REFUGEE COMMITTEE
    615 FIRST AVENUE NE
    SUITE 500
    MINNEAPOLIS,MN55413
      PC HEALTH 9,000
    RAPE ABUSE & INCEST NATIONAL NETWO
    1220 L STREET NW
    SUITE 505
    WASHINGTON,DC20005
      PC AWARENESS OF ABUSE 9,000
    HNOJ - IOCP
    155 COUNTY ROAD 24
    WAYZATA,MN55391
      PC POVERTY/HOUSING 10,000
    RIDGEVIEW FOUNDATION
    490 SOUTH MAPLE
    WACONIA,MN55387
      PC HEALTH/EDUCATION 20,000
    RIDGEVIEW FOUNDATION
    490 SOUTH MAPLE
    WACONIA,MN55387
      PC EDUCATION 16,000
    CATHOLIC CHARITIES
    1200 2ND AVENUE SOUTH
    MINNEAPOLIS,MN55403
      PC POVERTY/HOUSING 10,000
    SHARING & CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405
      PC POVERTY 50,000
    GRACE FAMILY CENTER
    2385 COMMERCE BLVD
    MOUND,MN55364
      PC FOOD/CLOTHING FOR THE POOR 10,000
    HAMMER RESIDENCES
    1909 EAST WAYZATA BLVD
    WAYZATA,MN55391
      PC EDUCATION/HOUSING 25,000
    SISTERS OF ST BENEDICT
    104 CHAPEL LANE
    ST JOSEPH,MN56374
      PC EDUCATION 15,000
    MY VERY OWN BED
    34 13TH AVE NE
    B002A
    MINNEAPOLIS,MN55413
      PC POVERTY 5,000
    SIM-MISSIONS
    PO BOX 7900
    CHARLOTTE,NC28241
      PC POVERTY, HEALTH & EDUCATION 5,000
    ELEVATE LIFE
    2600 EAGAN WOODS DRIVE
    SUITE 110
    EAGAN,MN55121
      PC PRO LIFE SERVICES / HEALTH 8,000
    CRESCENT LOVE
    3440 BELT LINE BLVD
    ST LOUIS PARK,MN55416
      PC HEALTH 10,000
    AMERICAN RED CROSS
    431 18TH STREET NW
    WASHINGTON,DC20006
      PC HEALTH 8,000
    JOYEL
    3741 JOYEL DRIVE
    GREENCASTLE,PA17225
      PC EDUCATION/CHRISTAIN CHILDREN'S CAMP 5,000
    STAGES THEATER CO
    1111 MAIN STREET
    HOPKINS,MN55343
      PC EDUCATION/CHILDREN'S THEATER 5,000
    Total .................................bullet 3a 467,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 24,615  
    4 Dividends and interest from securities....     14 236,756  
    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 ............
        18 388,872  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRETURN OF CAPITAL
        1 7,178  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   657,421  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    657,421
    (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 (2019)
    Form 990-PF (2019)
    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 (2019)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description