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 10-01-2018 , and ending 09-30-2019
Name of foundation
MINNESOTA TIMBERWOLVES FASTBREAK
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)600 HENNEPIN AVENUE SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554031416
A Employer identification number

41-1644554
B Telephone number (see instructions)

(507) 625-2828
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$799,539J 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) 399,997
2 Check bullet.............
3 Interest on savings and temporary cash investments 608 608 608
4 Dividends and interest from securities... 1,572 1,572 1,572
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -12,797
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
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........ 389,380 2,180 2,180
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,614 0 0 2,614
b Accounting fees (attach schedule)....... Click to see attachment 12,815 0 0 12,815
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 70 0 0 0
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 200,173 0 0 200,173
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 215,672 0 0 215,602
25 Contributions, gifts, grants paid....... 264,675 264,675
26 Total expenses and disbursements. Add lines 24 and 25 480,347 0 0 480,277
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -90,967
b Net investment income (if negative, enter -0-) 2,180
c Adjusted net income (if negative, enter -0-)... 2,180
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............. 660,015 531,271 531,271
2 Savings and temporary cash investments......... 136,840 165,052 165,052
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)..... 52,783    
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)....... 22,076 Click to see attachment84,650 103,216
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 871,714 780,973 799,539
Liabilities 17 Accounts payable and accrued expenses..........   226
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)......... 0 226
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 871,714 780,747
30 Total net assets or fund balances (see instructions)..... 871,714 780,747
31 Total liabilities and net assets/fund balances (see instructions). 871,714 780,973
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
871,714
2
Enter amount from Part I, line 27a .....................
2
-90,967
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
780,747
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
780,747
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 SALE OF PUBLICLY TRADED SECURITIES      
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     12,797 -12,797
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       -12,797
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 -12,797
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 -12,797
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 513,800 962,608 0.533758
2016 740,042 1,232,428 0.600475
2015 548,362 1,214,701 0.451438
2014 541,700 1,183,141 0.457849
2013 449,396 1,091,881 0.411580
2
Total of line 1, column (d) .....................
2
2.455100
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
0.491020
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
812,744
5
Multiply line 4 by line 3......................
5
399,074
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
22
7
Add lines 5 and 6........................
7
399,096
8
Enter qualifying distributions from Part XII, line 4,.............
8
480,277
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 22
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 22
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 22
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 52
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 52
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 30
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet30 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
    Yes
     
    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 ofbulletETHAN CASSON Telephone no.bullet (612) 673-1600

    Located atbullet600 HENNEPIN AVENUE SUITE 300MINNEAPOLISMN ZIP+4bullet55403
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    ETHAN CASSON PRESIDENT
    0.50     		0 0 0
    600 HENNEPIN AVENUE SUITE 300
    MINNEAPOLIS,MN55403
    GLEN A TAYLOR VICE PRESIDENT
    0.50     		0 0 0
    600 HENNEPIN AVENUE SUITE 300
    MINNEAPOLIS,MN55403
    ROGER GRIFFITH SECRETARY/TREASURER
    0.50     		0 0 0
    600 HENNEPIN AVENUE SUITE 300
    MINNEAPOLIS,MN55403
    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 TICKETS FOR KIDS: EACH SEASON THE FASTBREAK FOUNDATION WORKS WITH PLAYERS, COACHES, OWNERS AND DONORS TO PURCHASE TICKETS FOR CHILDREN WHO MIGHT NOT OTHERWISE HAVE THE OPPORTUNITY TO EXPERIENCE A TIMBERWOLVES OR LYNX GAME IN PERSON. THE FOUNDATION WORKS WITH MORE THAN 300 ORGANIZATIONS ACROSS THE STATE OF MINNESOTA THAT PROVIDE SERVICES FOR ECONOMICALLY OR SOCIALLY DISADVANTAGED CHILDREN. 188,715
    2 READ TO ACHIEVE: THE FASTBREAK FOUNDATION IS COMMITTED TO HELPING YOUNG PEOPLE DEVELOP A LIFE-LONG LOVE OF READING. FOR FOUR WEEKS DURING THE FALL OF 2019, THE FOUNDATION CHALLENGES ELEMENTARY STUDENTS TO PLEDGE TO READ AT LEAST 500 MINUTES. 13,653
    3 MILITARY: THE FASTBREAK FOUNDATION'S MILITARY PILLAR HONORS AND RECOGNIZES MILITARY TROOPS AND THEIR FAMILIES. THROUGHOUT THE YEAR, THE FOUNDATION HOSTED SEVERAL EVENTS THAT ENSURED THOSE SERVICEMEN AND WOMEN FROM MINNESOTA WHO DUTIFULLY SERVED THEIR COUNTRY HAD AN OPPORTUNITY TO BE RECOGNIZED BY THE TIMBERWOLVES AND THEIR FANS. 13,565
    4 HUNGER (THINK GREEN): THE FASTBREAK FOUNDATION, IN PARTNERSHIP WITH HY-VEE DISTRIBUTED FOOD TO 500 FAMILIES FOR THANKSGIVING. 4,790
    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
    208,289
    b
    Average of monthly cash balances.......................
    1b
    616,832
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    825,121
    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
    825,121
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    12,377
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    812,744
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    40,637
    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
     
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
     
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    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
     
    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
    480,277
    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
    480,277
    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
    22
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    480,255
    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  
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$  
    a Applied to 2017, but not more than line 2a  
    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 2018 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		 
    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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
    2,180 1,757 1,900 1,691 7,528
    b 85% of line 2a ......... 1,853 1,493 1,615 1,437 6,399
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		480,277 513,818 740,061 548,362 2,282,518
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		264,675 262,500 171,500 153,000 851,675
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		215,602 251,318 568,561 395,362 1,430,843
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......         0
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		         0
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		27,091 32,087 41,081 40,490 140,749
    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) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		        0
    (3) Largest amount of support
    from an exempt organization    		         0
    (4) Gross investment income         0
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MINNESOTA TIMBERWOLVES FASTBREAK FO
    600 HENNEPIN AVENUE SUITE 300
    MINNEAPOLIS,MN55403
    (612) 673-1600
    bThe form in which applications should be submitted and information and materials they should include:
    GRANTS SHOULD BE SUBMITTED ON A GRANT APPLICATION FORM PROVIDED BY THE MINNESOTA TIMBERWOLVES FASTBREAK FOUNDATION. INFORMATION INCLUDED ON THE GRANT CONSISTS OF A DESCRIPTION OF THE REQUESTING ORGANIZATION'S HISTORY OF SERVICE AND STATEMENT OF ITS PURPOSE AND OBJECTIVES, THE GOALS AND OBJECTIVES OF THE PROGRAM, A TIMELINE, A BUDGET, AND AN EXPENSE BREAKDOWN BETWEEN PROGRAM AND ADMINISTRATIVE EXPENSES. THE APPLICANT SHOULD INCLUDE A COPY OF THE IRS RULING OF TAX EXEMPT STATUS UNDER SECTION 501(C)(3), A DONOR'S LIST OF CONTRIBUTIONS GRANTED DURING THE PAST TWELVE MONTHS AND A LIST OF THE OFFICERS AND BOARD OF DIRECTORS. A REQUEST SHOULD BE MADE FOR A SPECIFIC AMOUNT OF MONEY.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    LOCAL MN REQUESTS PREFERRED. RECIPIENT'S GOALS SHOULD BE CONSISTENT WITH THE MISSION OF THE MINNESOTA TIMBERWOLVES FASTBREAK FOUNDATION.
    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
    ACES
    1115 EAST HENNEPIN AVE
    MINNEAPOLIS,MN55414     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    AMERICAN CANCER SOCIETY
    950 BLUE GENTIAN RD SUITE 100
    EAGAN,MN55121     		NONE PC HEALTH AWARENESS 2,500
    AMERICAN INDIAN CANCER FOUNDATION
    3001 BROADWAY STREET NE SUITE 185
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    BESTPREP
    7100 NORTHLAND CIRCLE N 120
    BROOKLYN PARK,MN55428     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    BIG BROTHER & BIG SISTERS
    545 DUNNEL DRIVE
    OWATONNA,MN55060     		NONE PC COMMUNITY GIVING INITIATIVE 4,000
    BOLDER OPTIONS
    2100 STEVENS AVE SOUTH
    MINNEAPOLIS,MN55404     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    BOY'S & GIRLS CLUB OF THE TWIN CITIES
    690 JACKSON STREET
    SAINT PAUL,MN55130     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    FOLDS OF HONOR
    372 FERNDALE ROAD S
    WAYZATA,MN55391     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    HOPE KIDS
    PO BOX 44712
    EDEN PRARIE,MN55344     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MAYO CLINIC
    200 FIRST STREET SW
    ROCHESTER,MN55905     		NONE PC COMMUNITY GIVING INITIATIVE 12,175
    MINNESOTA MILITARY FAMILY FOUNDATION
    620 MENDELSSOHN AVE N
    GOLDEN VALLEY,MN55427     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MN ASSISTANCE COUNCIL FOR VETERANS
    2700 E LAKE ST STE 3350
    MINNEAPOLIS,MN55406     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    OUTFRONT MINNESOTA COMMUNITY SERVICES
    310 38TH STREET SUITE 209
    MINNEAPOLIS,MN55409     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    PINKY SWEAR FOUNDATION
    5555 W 78TH ST SUITE E
    EDINA,MN55439     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    POSITIVE COACHING ALLIANCE
    7900 INTERNATIONAL DRIVE 300
    BLOOMINGTON,MN55425     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    RONALD MCDONALD HOUSE CHARITIES UPPER MW
    818 FULTON STREET SE
    MINNEAPOLIS,MN55414     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    SERVING OUR TROOPS
    1662 JULIET AVENUE
    SAINT PAUL,MN55105     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE COOKIE CART
    1119 WEST BROADWAY AVE N
    MINNEAPOLIS,MN55411     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE FLIP SAUNDERS LEGACY FUND
    PO BOX 46410
    PLYMOUTH,MN55446     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE SANNEH FOUNDATION
    2090 CONWAY STREET
    SAINT PAUL,MN55119     		NONE PC COMMUNITY GIVING INITIATIVE 15,000
    THREESIXTY JOURNALISM PROGRAM
    2115 SUMMIT AVE MAIL 5057
    SAINT PAUL,MN55105     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    UNITED HEROES LEAGUE
    15211 RAVENNA TRAIL
    HASTINGS,MN55033     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    WOMENS FOUNDATION OF MN
    105 5TH AVE S STE 300
    MINNEAPOLIS,MN55401     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    YMCA-TWIN CITIES
    651 NICOLLET MALL SUITE 500
    MINNEAPOLIS,MN55402     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    HOSPITALITY HOUSE YOUTH DIRECTIONS
    1220 LOGAN AVE N
    MINNEAPOLIS,MN55411     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE KURT B SEYDOW DYSTONIA FOUNDATION
    PO BOX 969
    WAYZATA,MN55391     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MINNESOTA INDIAN WOMEN'S RESOURCE CENTER
    2300 15TH AVE S
    MINNEAPOLIS,MN55404     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    HOPE ACADEMY
    2300 CHICAGO AVE
    MINNEAPOLIS,MN55404     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    SMALL SUMS
    PO BOX 40561
    ST PAUL,MN55104     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MILE IN MY SHOES
    PO BOX 583177
    MINNEAPOLIS,MN55458     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE RYAN MATHIS FOUNDATION
    7000 HIGHWAY 65 SE
    FRIDLEY,MN55432     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVE
    ST PAUL,MN55109     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE DREAM CORPS
    436 14TH STREET 920
    OAKLAND,CA94612     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    IRIS GLOBAL
    933 COLLEGE VIEW DRIVE
    REDDING,CA96003     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MENTOR MINNESOTA
    43 MAIN ST SE SUITE 508
    MINNEAPOLIS,MN55402     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    THE INNER HERO
    2701 XYLON AVE N SUITE 105
    NEW HOPE,MN55427     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MINNESOTA YUCAI CHINESE SCHOOL
    5440 NIAGARA LN N
    PLYMOUTH,MN55446     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    RALLY FOUNDATION FOR CHILDHOOD CANCER RESEARCH
    5775 GLENRIDGE DR BUILDING B STE
    370
    ATLANTA,GA30328     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    PRN ALUMNI FOUNDATION
    1000 UNIVERSITY AVE W STE 222
    ST PAUL,MN55104     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    PIPER BLDG 913 E 26TH ST STE 304
    MINNEAPOLIS,MN55407     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    CAMP ODAYIN
    3503 HIGH POINT DRIVE NORTH STE 250
    OAKDALE,MN55128     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    SABATHANI COMMUNITY CENTER BUILDING
    310 E 38TH ST STE 200
    MINNEAPOLIS,MN55409     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    WE CARE SOLAR
    2150 ALLSTON WAY 340
    BERKELEY,CA94704     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MEMORIAL BLOOD CENTERS
    737 PELHAM BLVD
    ST PAUL,MN55105     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    AUTISM SOCIETY OF MINNESOTA
    2380 WYCLIFF STREET 102
    ST PAUL,MN55114     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    LOVE 4 ONE ANOTHER CHARITIES
    8014 OLSON MEMORIAL HWY 55 60
    GOLDEN VALLEY,MN55427     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    QUORUM FOUNDATION
    18 NORTH 12TH STREET STE 3606
    MINNEAPOLIS,MN55403     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    BIG BROTHER & BIG SISTERS OF CENTRAL MN
    203 COOPER AVE N STE 162
    ST CLOUD,MN56303     		NONE PC COMMUNITY GIVING INITIATIVE 1,000
    GIRLS ON THE RUN TWIN CITIES
    3433 BROADWAY ST NE STE 430
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY GIVING INITIATIVE 5,000
    MN ADOPT
    2446 UNIVERSITY AVENUE WEST STE 104
    ST PAUL,MN55114     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    SUSAN G KOMEN FOUNDATION MINNESOTA
    960 SOUTHDALE CENTER
    EAGAN,MN55435     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    TEAM RUBICON
    1209 W CARRIER PKWY STE 305
    GRAND PRAIRIE,TX75050     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    JEREMIAH PROGRAM
    1510 LAUREL AVENUE
    MINNEAPOLIS,MN55403     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    CODE SAVVY
    PO BOX 16628
    ST LOUIS PARK,MN55416     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    HOPE CHEST FOR BREAST CANCER
    3850 SHORELINE DRIVE
    ORONO,MN55391     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    FIREFLY SISTERHOOD
    5775 WAYZATA BLVD STE 700
    MINNEAPOLIS,MN55416     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    AFRICAN AMERICAN BREAST CANCER ALLIANCE
    PO BOX 8981
    MINNEAPOLIS,MN55408     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    ANGEL FOUNDATION
    1155 CENTRE POINTE DR STE 7
    MENDOTA HEIGHTS,MN55120     		NONE PC COMMUNITY GIVING INITIATIVE 2,500
    Total .................................bullet 3a 264,675
    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 ...........     		    14 608  
    4 Dividends and interest from securities....     14 1,572  
    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 -12,797  
    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 -10,617 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -10,617
    (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
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION
    Employer identification number

    41-1644554
    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
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number
    41-1644554
    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
    GINA PAULUCCI  
    320 WOODHILL ROAD
     
    WAYZATA, MN55391

    		$ 14,790


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    SANDI ADAMS  
    4110 40TH ST S 401
     
    FARGO, ND58104

    		$ 7,900


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    STEVE SANGER  
    294 GROVE LN EAST 280
     
    WAYZATA, MN55391

    		$ 11,520


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    KARL ANTHONY TOWNS  
    PO BOX 1972
     
    ST PETERSBURG, FL33731

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    ROGER AND NANCY MCCABE FOUNDATION
     
    PO BOX 472
     
    WAYZATA, MN55391

    		$ 44,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    ANDREW WIGGINS  
    3619 LERIVE WAY
     
    CHASKA, MN55318

    		$ 10,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number
    41-1644554
    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
    7
    ANTHONY TOLLIVER  
    3553 NW GERRITZ TERRACE
     
    PORTLAND, OR97229

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    DARIO SARIC  
    5665 NEW NORTHSIDE DR STE 110
     
    ATLANTA, GA30328

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    DERRICK ROSE  
    401 N WABASH 84D
     
    CHICAGO, IL60611

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    10
    GORGUI DIENG  
    2427 EMERALD TRAIL
     
    HOPKINS, MN55305

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    11
    JEFF TEAGUE  
    7624 MONTE CARLO WAY
     
    INDIANAPOLIS, IN46728

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    12
    JOSH OKOGIE  
    3970 CRESTWATER LN
     
    SNELLVILLE, GA30039

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number
    41-1644554
    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
    13
    MEYER ORBACH  
    980 SYLVAN AVE
     
    ENGLEWOOD CLIFFS, NJ07632

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    14
    ROBERT COVINGTON  
    6 CADILLAC DRIVE STE 300
     
    BRENTWOOD, TN37027

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    15
    SCOTT LAYDEN  
    145 EAST 76TH ST 3A
     
    NEW YORK, NY10021

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    16
    TAJ GIBSON  
    325 N LASALLE DR STE 650
     
    CHICAGO, IL60654

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    17
    TOM VERTIN  
    501 NEBRASKA AVE
     
    BRECKENRIDGE, MN56520

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    18
    TYUS JONES  
    2836 DEER HILL ROAD
     
    MEDINA, MN55356

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number
    41-1644554
    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
    19
    MARK PETERSON FOUNDATION SERVICE CORP
     
    220 WATERLOO ROAD PO BOX 120
     
    HUDSON, IA50643

    		$ 5,520


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    20
    JEFF DROBNY  
    5025 SCHAEFER ROAD
     
    EDINA, MN55436

    		$ 4,508


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    21
    REILLY STEPHANIE DILLON  
    9810 SKY LANE
     
    EDEN PRAIRIE, MN55347

    		$ 102,151


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    22
    TWIN CITIES HARVEST FESTIVAL AND MAZE
     
    6314 104TH AVE N
     
    BROOKLYN PARK, MN55445

    		$ 15,738


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    23
    MEET MINNEAPOLIS ROSS SLOVENSKY
     
    801 MARQUETTE AVE SOUTH STE 100
     
    MINNEAPOLIS, MN55402

    		$ 7,500


    (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
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number

    41-1644554
    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
    1
    		 MN TIMBERWOLVES TICKETS $ 14,790 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 MN TIMBERWOLVES TICKETS $ 7,900 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 MN TIMBERWOLVES TICKETS $ 11,520 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 MN TIMBERWOLVES TICKETS $ 25,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    6
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    7
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number

    41-1644554
    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
    8
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    9
    		 MN TIMBERWOLVES TICKETS $ 25,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    10
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    11
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    12
    		 MN TIMBERWOLVES TICKETS $ 5,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    13
    		 MN TIMBERWOLVES TICKETS $ 25,000 2018-11-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number

    41-1644554
    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
    14
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    15
    		 MN TIMBERWOLVES TICKETS $ 25,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    16
    		 MN TIMBERWOLVES TICKETS $ 10,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    17
    		 MN TIMBERWOLVES TICKETS $ 5,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    18
    		 MN TIMBERWOLVES TICKETS $ 5,000 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    19
    		 MN TIMBERWOLVES TICKETS $ 5,520 2018-11-01
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Name of organization
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number

    41-1644554
    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
    20
    		 MN TIMBERWOLVES TICKETS $ 4,508 2018-11-01
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    21
    		 PUBLICLY TRADED SECURITIES $ 102,151 2018-11-01
    (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
    MINNESOTA TIMBERWOLVES FASTBREAK
    FOUNDATION         		Employer identification number

    41-1644554
    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:
    MINNESOTA TIMBERWOLVES FASTBREAK
     
    FOUNDATION
    EIN:
    41-1644554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 12,815 0 0 12,815

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    MINNESOTA TIMBERWOLVES FASTBREAK
     
    FOUNDATION
    EIN:
    41-1644554
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 12,949 15,144
    THERMO FISHER SCIENTIFIC 37,758 45,438
    ESTEE LAUDER 11,867 13,927
    AT&T 9,661 11,806
    JOHNSON & JOHNSON 2,041 4,528
    PNC FINANCIAL SERVICES GROUP 10,374 2,243
    ALTABA 0 10,130

    TY 2018 LegalFeesSchedule
    Name:
    MINNESOTA TIMBERWOLVES FASTBREAK
     
    FOUNDATION
    EIN:
    41-1644554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,614 0 0 2,614


    TY 2018 OtherExpensesSchedule
    Name:
    MINNESOTA TIMBERWOLVES FASTBREAK
     
    FOUNDATION
    EIN:
    41-1644554
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TICKETS FOR KIDS 120,000 0 0 120,000
    BRANDING 601 0 0 601
    MILITARY PROGRAM 13,565 0 0 13,565
    READ TO ACHIEVE PROGRAM 13,653 0 0 13,653
    TIMBERWOLVES & LYNX FIT PROGRAM 5,806 0 0 5,806
    COURT RENOVATIONS 519 0 0 519
    MEALS & ENTERTAINMENT 3,375 0 0 3,375
    SILENT AUCTION - WOLVES 12,536 0 0 12,536
    MERCHANDISE 1,431 0 0 1,431
    PLAYER PROGRAMS 187 0 0 187
    MISC. EXPENSES & SUPPLIES 15,373 0 0 15,373
    POSTAGE 8,337 0 0 8,337
    THINK GREEN 4,790 0 0 4,790


    TY 2018 TaxesSchedule
    Name:
    MINNESOTA TIMBERWOLVES FASTBREAK
     
    FOUNDATION
    EIN:
    41-1644554
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 70 0 0 0