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 02-03-2019 , and ending 02-01-2020
Name of foundation
TARGET FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1455
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554401455
A Employer identification number

41-6017088
B Telephone number (see instructions)

(612) 761-9219
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$17,816,807J 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) 22,850,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 140,908 140,908  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 22,990,908 140,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,249 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 3,498 0   3,498
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,747 0   3,498
25 Contributions, gifts, grants paid....... 14,545,833 8,361,450
26 Total expenses and disbursements. Add lines 24 and 25 14,550,580 0   8,364,948
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,440,328
b Net investment income (if negative, enter -0-) 140,908
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 Savings and temporary cash investments......... 3,181,944 17,807,904 17,807,904
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.......... 10,152 8,903 8,903
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,192,096 17,816,807 17,816,807
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 2,660,000 8,844,383
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)......... 2,660,000 8,844,383
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........... 532,096 8,972,424
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    
29 Total net assets or fund balances (see instructions)..... 532,096 8,972,424
30 Total liabilities and net assets/fund balances (see instructions). 3,192,096 17,816,807
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
532,096
2
Enter amount from Part I, line 27a .....................
2
8,440,328
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,972,424
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 29 .
6
8,972,424
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2018 12,158,003 6,130,391 1.983235
2017 9,531,814 5,752,167 1.657082
2016 9,318,236 5,290,200 1.761415
2015 9,487,928 15,719,646 0.603571
2014 10,353,921 24,595,657 0.420965
2
Total of line 1, column (d) .....................
2
6.426268
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
1.285254
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
8,906,244
5
Multiply line 4 by line 3......................
5
11,446,786
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
1,409
7
Add lines 5 and 6........................
7
11,448,195
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,364,948
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 2,818
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 2,818
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 2,818
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 52
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,870
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$ 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 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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletCORPORATE.TARGET.COM/CORPORATE-RESPONSIBILITY
    14
    The books are in care ofbulletINCOME TAX DEPARTMENT Telephone no.bullet (612) 761-9212

    Located atbulletPO BOX 1455MINNEAPOLISMN ZIP+4bullet554401455
    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
     
    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 2019?.............
    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 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
    DAN FLEMING ASSISTANT TREASURER
    0.00     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    RICK GOMEZ CHAIR AND TRUSTEE
    0.37     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    JENNIFER SILBERMAN PRESIDENT & TRUSTEE (THROUGH 5/31/19)
    0.12     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    COREY HAALAND TREASURER
    0.00     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    DAVE DONLIN SECRETARY
    0.02     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    JANINE BROWN ASSISTANT TREASURER
    0.00     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    DEXTER NEWMAN TRUSTEE
    0.54     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    BILL FOUDY TRUSTEE
    0.54     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    AMANDA NUSZ PRESIDENT & TRUSTEE(BEGINNING 9/29/19)
    0.00     		0 0 0
    1000 NICOLLET MALL
    MINNEAPOLIS,MN55403
    JANNA POTTS TRUSTEE (5/7/19 THROUGH 1/19/20)
    0.00     		0 0 0
    1000 NICOLLET MALL
    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 (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.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    0
    b
    Average of monthly cash balances.......................
    1b
    9,041,872
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,041,872
    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
    9,041,872
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    135,628
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,906,244
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    445,312
    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
    445,312
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    2,818
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,818
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    442,494
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    442,494
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    442,494
    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
    8,364,948
    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
    8,364,948
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    8,364,948
    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 7 442,494
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 9,153,910
    b From 2015...... 8,771,992
    c From 2016...... 9,054,130
    d From 2017...... 9,245,126
    e From 2018...... 11,853,981
    fTotal of lines 3a through e........ 48,079,139
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 8,364,948
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 442,494
    e Remaining amount distributed out of corpus 7,922,454
    5 Excess distributions carryover applied to 2019. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 56,001,593
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		9,153,910
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		46,847,683
    10 Analysis of line 9:
    a Excess from 2015.... 8,771,992
    b Excess from 2016.... 9,054,130
    c Excess from 2017.... 9,245,126
    d Excess from 2018.... 11,853,981
    e Excess from 2019.... 7,922,454
    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).)
    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:
    TARGET FOUNDATION
    PO BOX 1455
    MINNEAPOLIS,MN55440
    (612) 761-9219
    bThe form in which applications should be submitted and information and materials they should include:
    SEE OUR FOCUS AREAS AT: HTTPS://CORPORATE.TARGET.COM/CORPORATE-RESPONSIBILITY/PHILANTHROPY/TARGET-FO UNDATION
    cAny submission deadlines:
    SEE OUR FOCUS AREAS AT WEB ADDRESS ABOVE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE OUR FOCUS AREAS AT WEB ADDRESS ABOVE
    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
    360 COMMUNITIES
    501 EAST HIGHWAY 13 SUITE 112
    BURNSVILLE,MN55337     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    ACCESSIBLE SPACE INC
    2550 UNIVERSITY AVENUE WEST SUITE
    330N
    SAINT PAUL,MN55114     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    ACTORS THEATER OF MINNESOTA
    275 4TH ST E STE 730
    SAINT PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    AEON
    901 N 3RD ST
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - TRANSITION SUPPORT 52,000
    AFTON HISTORICAL SOCIETY PRESS
    6800 FRANCE AVE S 370
    EDINA,MN55435     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    AIN DAH YUNG OUR HOME CENTER
    1089 PORTLAND AVE
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    AMHERST H WILDER FOUNDATION
    451 LEXINGTON PARKWAY NORTH
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    ARENA DANCES INC
    PO BOX 50261
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - TRANSITION SUPPORT 6,000
    ASCENSION PLACE
    1803 BRYANT AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 52,000
    ASIAN MEDIA ACCESS INC
    2418 PLYMOUTH AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    AVENUES FOR YOUTH
    1708 OAK PARK AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 80,000
    BALLET MINNESOTA
    314 CHESTER STREET
    SAINT PAUL,MN55107     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    BALLET WORKS INC
    528 HENNEPIN AVENUE SUITE 215
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    BEACON INTERFAITH HOUSING COLLABORATIVE
    2610 UNIVERSITY AVE W STE 100
    SAINT PAUL,MN55114     		  PC HOMETOWN - TRANSITION SUPPORT 64,000
    CANTUS
    1201 MARQUETTE AVE S SUITE 100
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    CAPI USA
    5930 BROOKLYN BOULEVARD
    BROOKLYN CENTER,MN55429     		  PC HOMETOWN - TRANSITION SUPPORT 10,800
    CATHOLIC CHARITIES ARCHDIOCESE OF ST PAUL & MINNEAPOLIS
    1200 SECOND AVENUE SOUTH
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 200,000
    CHARITIES REVIEW COUNCIL
    700 RAYMOND AVENUE STE 160
    SAINT PAUL,MN55114     		  PC HOMETOWN - ECOSYSTEM 25,000
    CIRCUS OF THE STAR
    1270 MONTREAL AVENUE
    SAINT PAUL,MN55116     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    CLARE HOUSING
    929 CENTRAL AVENUE NE
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    COFFEE HOUSE PRESS
    79 13TH AVE NE SUITE 110
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - TRANSITION SUPPORT 32,000
    COMMONBOND COMMUNITIES
    1080 MONTREAL AVENUE
    ST PAUL,MN55116     		  PC HOMETOWN - TRANSITION SUPPORT 80,000
    COMMUNITY EMERGENCY ASSISTANCE PROGRAM
    7051 BROOKLYN BOULEVARD
    BROOKLYN CENTER,MN55429     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    COMPAS
    475 CLEVELAND AVE N STE 222
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    CONTEMPORARY DANCE ARTS INC
    528 HENNEPIN AVENUE SUITE 401
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 6,000
    CONTINENTAL BALLET COMPANY
    1800 WEST OLD SHAKOPEE ROAD
    BLOOMINGTON,MN55431     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    DAKOTA WOODLANDS
    3430 WESCOTT WOODLANDS
    EAGAN,MN55123     		  PC HOMETOWN - TRANSITION SUPPORT 32,400
    EMERGE COMMUNITY DEVELOPMENT
    1834 EMERSON AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 100,000
    EMMA NORTON SERVICES
    670 ROBERT STREET NORTH
    SAINT PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 18,000
    ETHNIC DANCE THEATER
    3507 CLINTON AVENUE SOUTH
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    FACE TO FACE HEALTH AND COUNSELING SERVICE INC
    1165 ARCADE STREET
    SAINT PAUL,MN55106     		  PC HOMETOWN - TRANSITION SUPPORT 21,600
    FAMILY HOUSING FUND
    310 4TH AVE SOUTH SUITE 9000
    MINNEAPOLIS,MN55415     		  SO I HOMETOWN - TRANSITION SUPPORT 40,000
    FLYING FOOT FORUM
    3105 GARFIELD AVENUE SOUTH
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 6,750
    FRIENDS OF THE MINNESOTA SINFONIA
    901 N 3RD ST 112
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    GIVEMN
    43 SOUTHEAST MAIN STREET SUITE 515
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - ECOSYSTEM 5,000
    GRAYWOLF PRESS
    250 THIRD AVENUE NORTH SUITE 600
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - TRANSITION SUPPORT 32,000
    GREATER METROPOLITAN HOUSING CORPORATION
    15 SOUTH 5TH STREET SUITE 710
    MINNEAPOLIS,MN55402     		  PC HOMETOWN - TRANSITION SUPPORT 52,000
    GREATER MINNEAPOLIS COUNCIL OF CHURCHES
    1100 EAST LAKE STREET
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - TRANSITION SUPPORT 60,000
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 4TH AVE S
    MINNEAPOLIS,MN55419     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    GREATER TWIN CITIES YOUTH SYMPHONIES
    408 SAINT PETER STREET SUITE 300
    ST PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    GUILD INCORPORATED
    130 SOUTH WABASHA STREET SUITE 90
    SAINT PAUL,MN55107     		  PC HOMETOWN - TRANSITION SUPPORT 25,200
    HELP AT YOUR DOOR
    8441 WAYZATA BLVD SUITE 160
    GOLDEN VALLEY,MN55426     		  PC HOMETOWN - TRANSITION SUPPORT 1,400
    HELP AT YOUR DOOR
    8441 WAYZATA BLVD SUITE 160
    GOLDEN VALLEY,MN55426     		  PC HOMETOWN - TRANSITION SUPPORT 14,400
    HIGHPOINT CENTER FOR PRINTMAKING
    912 WEST LAKE STREET
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    HISTORY THEATRE
    30 E 10TH STREET
    SAINT PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    HOPE COMMUNITY
    611 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    HOUSE OF CHARITY
    510 S 8TH STREET
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    HOUSINGLINK
    275 MARKET STREET SUITE 509
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    ILLUSION THEATER AND SCHOOL INC
    528 HENNEPIN AVENUE SUITE 704
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 44,000
    IN THE HEART OF THE BEAST PUPPET & MASK THEATRE
    1500 E LAKE STREET
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    INDEPENDENT FILMMAKER PROJECT MINNESOTA
    550 VANDALIA STREET STE 120
    ST PAUL,MN55114     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    INTERACT CENTER FOR THE VISUAL AND PERFORMING ARTS
    1860 MINNEHAHA AVENUE
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    INTERCONGREGATION COMMUNITIES ASSOCIATION INC
    12990 ST DAVIDS ROAD
    MINNETONKA,MN55305     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    INTERFAITH ACTION OF GREATER SAINT PAUL
    1671 SUMMIT AVENUE
    SAINT PAUL,MN55105     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    INTERFAITH OUTREACH AND COMMUNITY PARTNERS
    1605 COUNTY ROAD 101 N
    PLYMOUTH,MN55447     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    JAWAAHIR DANCE COMPANY
    3010 MINNEHAHA AVENUE SOUTH
    MINNEAPOLIS,MN55406     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    JAZZMN INC
    PO BOX 8162
    ST PAUL,MN55108     		  PC HOMETOWN - TRANSITION SUPPORT 2,800
    JEREMIAH PROGRAM
    1510 LAUREL AVENUE
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    JUNGLE THEATER
    2951 LYNDALE AVE SOUTH
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 72,000
    JUXTAPOSITION ARTS INC
    2007 EMERSON AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    KATHA DANCE THEATRE
    5444 ORCHARD AVE N
    CRYSTAL,MN55429     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    KEYSTONE COMMUNITY SERVICES
    2000 ST ANTHONY AVE
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 24,000
    KULTURE KLUB COLLABORATIVE
    41 N 12TH ST
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 10,000
    LISTENING HOUSE OF ST PAUL INC
    464 MARIA AVENUE
    ST PAUL,MN55106     		  PC HOMETOWN - TRANSITION SUPPORT 28,800
    LITTLE BROTHERS - FRIENDS OF THE ELDERLY
    1845 EAST LAKE STREET
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    LOAVES AND FISHES TOO
    721 KASOTA AVE SE
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - TRANSITION SUPPORT 46,800
    LOFT INC
    1011 WASHINGTON AVENUE SOUTH STE
    200
    MINNEAPOLIS,MN55415     		  PC HOMETOWN - TRANSITION SUPPORT 48,000
    LOPPET ADVENTURES
    1301 THEODORE WIRTH PARKWAY
    MINNEAPOLIS,MN55422     		  PC HOMETOWN - OTHER 40,000
    LUTHERAN SOCIAL SERVICE OF MINNESOTA
    2485 COMO AVENUE
    ST PAUL,MN55108     		  PC HOMETOWN - TRANSITION SUPPORT 72,000
    MACPHAIL CENTER FOR MUSIC
    501 SOUTH SECOND STREET
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - TRANSITION SUPPORT 24,000
    MERRICK COMMUNITY SERVICES
    1669 ARCADE STREET NORTH SUITE 4
    SAINT PAUL,MN55106     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    METRO MEALS ON WHEELS
    1200 WASHINGTON AVE S SUITE 380
    MINNEAPOLIS,MN55415     		  PC HOMETOWN - TRANSITION SUPPORT 25,200
    METROPOLITAN SYMPHONY ORCHESTRA
    PO BOX 581213
    MINNEAPOLIS,MN55458     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    MIDWAY CONTEMPORARY ART
    527 SECOND AVE SE
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    MILKWEED EDITIONS
    1011 WASHINGTON AVENUE SOUTH OPEN
    BOOK SUITE 300
    MINNEAPOLIS,MN55415     		  PC HOMETOWN - TRANSITION SUPPORT 44,000
    MINNEAPOLIS POPS ORCHESTRA ASSOCIATION
    2712 - 41ST AVENUE SOUTH
    MINNEAPOLIS,MN55406     		  PC HOMETOWN - TRANSITION SUPPORT 8,400
    MINNESOTA ASSISTANCE COUNCIL FOR VETERANS
    1000 UNIVERSITY AVENUE WEST SUITE
    10
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    MINNESOTA CENTER FOR BOOK ARTS
    1011 WASHINGTON AVE S STE 100
    MINNEAPOLIS,MN55415     		  PC HOMETOWN - TRANSITION SUPPORT 32,000
    MINNESOTA CHORALE
    1200 MARQUETTE AVE SUITE 100
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    MINNESOTA COUNCIL OF NONPROFITS
    2314 UNIVERSITY AVENUE W SUITE 20
    SAINT PAUL,MN55114     		  PC HOMETOWN - ECOSYSTEM 20,000
    MINNESOTA DANCE THEATRE & SCHOOL
    528 HENNEPIN AVENUE - 6TH FLOOR
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    MINNESOTA HISTORICAL SOCIETYMILL CITY MUSEUM
    345 KELLOGG BLVD W
    SAINT PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    MINNESOTA HOMEOWNERSHIP CENTER
    1000 PAYNE AVENUE SUITE 200
    SAINT PAUL,MN55130     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    MINNESOTA JEWISH THEATRE COMPANY
    PO BOX 16155
    ST PAUL,MN55116     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    MINNESOTA MUSEUM OF AMERICAN ART
    350 ROBERT STREET N
    ST PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    MINNESOTA OPERA
    620 NORTH FIRST STREET
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - TRANSITION SUPPORT 112,000
    MIXED BLOOD THEATRE COMPANY
    1501 SOUTH 4TH STREET
    MINNEAPOLIS,MN55454     		  PC HOMETOWN - TRANSITION SUPPORT 44,000
    NEIGHBORHOOD HOUSE
    179 ROBIE ST E
    SAINT PAUL,MN55107     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    NEIGHBORS INC
    222 GRAND AVE W
    SOUTH ST PAUL,MN55075     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    NORTHERN CLAY CENTER
    2424 E FRANKLIN AVE
    MINNEAPOLIS,MN55406     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    OPEN EYE FIGURE THEATRE
    506 EAST 24TH STREET
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    OUR SAVIOUR'S COMMUNITY SERVICES
    2315 CHICAGO AVE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 48,000
    PANGEA WORLD THEATER
    711 WEST LAKE STREET SUITE 101
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    PARK SQUARE THEATRE
    408 SAINT PETER ST STE 110
    SAINT PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 44,000
    PENUMBRA THEATRE COMPANY
    270 N KENT ST
    SAINT PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 52,000
    PEOPLE REACHING OUT TO OTHER PEOPLE
    14700 MARTIN DRIVE
    EDEN PRAIRIE,MN55344     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    PEOPLE SERVING PEOPLE CHARITIES INC
    614 THIRD STREET SOUTH
    MINNEAPOLIS,MN55415     		  PC HOMETOWN - TRANSITION SUPPORT 160,000
    PERSPECTIVES INC
    3381 GORHAM AVE
    ST LOUIS PARK,MN55426     		  PC HOMETOWN - TRANSITION SUPPORT 120,000
    PILLSBURY UNITED COMMUNITIES
    125 WEST BROADWAY AVE N STE 130
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    PLYMOUTH CHRISTIAN YOUTH CENTER
    2210 OLIVER AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    PRG INC
    2017 E 38TH STREET
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    PRISM
    1220 ZANE AVE N
    GOLDEN VALLEY,MN55422     		  PC HOMETOWN - TRANSITION SUPPORT 24,000
    PROJECT FOR PRIDE IN LIVING INC (PPL)
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 160,000
    PROJECT SUCCESS-STUDENTS UNDERTAKING CREATIVE CONTROL
    ONE GROVELAND TERRACE SUITE 300
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    PROPEL NONPROFITS
    ONE MAIN ST SE SUITE 600
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - ECOSYSTEM 25,000
    RAGAMALA DANCE
    711 WEST LAKE STREET SUITE 309
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    RAIN TAXI
    PO BOX 3840
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 10,800
    RAMSEY COUNTY HISTORICAL SOCIETY
    75 5TH ST W SUITE 323
    SAINT PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    READING PARTNERS
    2324 UNIVERSITY AVE W 105
    ST PAUL,MN55114     		  PC HOMETOWN - OTHER 48,000
    RED EYE COLLABORATION
    PO BOX 80666
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    RESOURCE INC
    1900 CHICAGO AVE SOUTH
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 36,000
    SABATHANI COMMUNITY CENTER
    310 E 38TH STREET SUITE 200
    MINNEAPOLIS,MN55409     		  PC HOMETOWN - TRANSITION SUPPORT 132,300
    SERVEMINNESOTA
    120 SOUTH 6TH STREET SUITE 2260
    MINNEAPOLIS,MN55402     		  PC HOMETOWN - OTHER 400,000
    SHARING AND CARING HANDS INC
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - TRANSITION SUPPORT 80,000
    SIMPSON HOUSING SERVICES
    2100 PILLSBURY AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 120,000
    SKYLARK OPERA
    75 5TH ST W STE 224
    SAINT PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    SOLID GROUND
    3521 CENTURY AVENUE NORTH
    WHITE BEAR LAKE,MN55110     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    SOO VISUAL ARTS CENTER
    2909 BRYANT AVENUE SOUTH 101
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    ST LOUIS PARK EMERGENCY PROGRAM INC
    6812 W LAKE STREET
    ST LOUIS PARK,MN55426     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    ST STEPHEN'S HUMAN SERVICES
    2309 NICOLLET AVENUE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    STAGES THEATRE COMPANY INC
    1111 MAINSTREET
    HOPKINS,MN55343     		  PC HOMETOWN - TRANSITION SUPPORT 52,000
    STEPPINGSTONE THEATRE
    55 VICTORIA STREET NORTH
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 32,000
    STUART PIMSLER DANCE & THEATER
    528 HENNEPIN AVE STE 707
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    TEATRO DEL PUEBLO
    209 W PAGE ST
    ST PAUL,MN55107     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    TEN THOUSAND THINGS THEATER COMPANY
    1430 CONCORDIA AVENUE 40216
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    TEXTILE CENTER OF MINNESOTA
    3000 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    THE BRIDGE FOR YOUTH
    1111 WEST 22ND STREET
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - TRANSITION SUPPORT 144,000
    THE CEDAR CULTURAL CENTER
    416 CEDAR AVE S
    MINNEAPOLIS,MN55454     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    THE FAMILY PLACE
    244 10TH STREET EAST
    ST PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 7,200
    THE GIVENS FOUNDATION FOR AFRICAN AMERICAN LITERATURE
    5775 WAYZATA BLVD SUITE 700
    ST LOUIS PARK,MN55416     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    THE KAREN L CHARLES THREADS DANCE PROJECT
    1740 BRIDGEWATER RD
    GOLDEN VALLEY,MN55422     		  PC HOMETOWN - TRANSITION SUPPORT 4,000
    THE LINK
    1210 GLENWOOD AVENUE
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    THE MINNEAPOLIS FOUNDATION
    80 SO EIGHTH ST 800 IDS CTR
    MINNEAPOLIS,MN55402     		  PC HOMETOWN - RACIAL EQUITY 100,000
    THE MUSEUM OF RUSSIAN ART
    5500 STEVENS AVENUE
    MINNEAPOLIS,MN55419     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    THE SCHUBERT CLUB
    75 WEST 5TH STREET SUITE 302
    ST PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    THEATER MU INC
    755 PRIOR AVENUE N 107
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    THEATRE LATTE-DA
    345 13TH AVE NE
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    TU DANCE
    PO BOX 40405
    SAINT PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    TWIN CITIES GAY MEN'S CHORUS
    528 HENNEPIN AVENUE SUITE 307
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 8,000
    TWIN CITIES HABITAT FOR HUMANITY
    1954 UNIVERSITY AVE
    ST PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 100,000
    URBAN HOMEWORKS INC
    2015 EMERSON AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    URBAN VENTURES LEADERSHIP FOUNDATION
    2924 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    VAIL PLACE
    23 9TH AVENUE SOUTH
    HOPKINS,MN55343     		  PC HOMETOWN - TRANSITION SUPPORT 10,800
    VOCALESSENCE
    1900 NICOLLET AVENUE
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 48,000
    VOLUNTEERS ENLISTED TO ASSIST PEOPLE
    9600 ALDRICH AVENUE SOUTH
    BLOOMINGTON,MN55420     		  PC HOMETOWN - TRANSITION SUPPORT 16,000
    WAYSIDE RECOVERY CENTER
    3705 PARK CENTER BLVD
    MINNEAPOLIS,MN55416     		  PC HOMETOWN - TRANSITION SUPPORT 25,200
    WEISMAN ART MUSEUM UNIVERSITY OF MINNESOTA
    333 E RIVER ROAD
    MINNEAPOLIS,MN55455     		  PC HOMETOWN - TRANSITION SUPPORT 40,000
    YMCA OF THE GREATER TWIN CITIES
    651 NICOLLET MALL STE 500
    MINNEAPOLIS,MN55402     		  PC HOMETOWN - OTHER 240,000
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF ST PAUL
    375 SELBY AVENUE
    ST PAUL,MN55102     		  PC HOMETOWN - TRANSITION SUPPORT 48,000
    YOUTH PERFORMANCE COMPANY
    641 FAIRVIEW AVE N SUITE 191
    ST PAUL,MN55104     		  PC HOMETOWN - TRANSITION SUPPORT 28,000
    YOUTHLINK
    41 N 12TH STREET
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 80,000
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - OTHER 80,000
    ZEITGEIST
    275 EAST FOURTH STREET SUITE 200
    SAINT PAUL,MN55101     		  PC HOMETOWN - TRANSITION SUPPORT 12,000
    ZENON DANCE COMPANY AND SCHOOL INC
    528 HENNEPIN AVENUE
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - TRANSITION SUPPORT 20,000
    ZOOM HOUSE
    3244 BLAISDELL AVENUE SOUTH 7
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - TRANSITION SUPPORT 7,200
    ZORONGO FLAMENCO DANCE THEATER
    3715 MINNEHAHA AVENUE S STE C
    MINNEAPOLIS,MN55406     		  PC HOMETOWN - TRANSITION SUPPORT 8,400
    ASHOKA
    1700 NORTH MOORE STREET STE 2000
    ARLINGTON,VA22209     		  PC COMMITTED IN 2018 185,000
    BUILD WEALTH MN INC
    2121 PLYMOUTH AVENUE N
    MINNEAPOLIS,MN55411     		  PC COMMITTED IN 2018 50,000
    CENTER FOR ECONOMIC INCLUSION
    1015 4TH AVE N STE 202
    MINNEAPOLIS,MN55405     		  PC COMMITTED IN 2018 200,000
    FEEDING AMERICA
    35 EAST WACKER DRIVE SUITE 2000
    CHICAGO,IL60601     		  PC COMMITTED IN 2018 100,000
    GREATER TWIN CITIES UNITED WAY
    404 S 8TH STREET
    MINNEAPOLIS,MN55404     		  PC COMMITTED IN 2018 100,000
    LOCAL INITIATIVES SUPPORT CORPORATION
    570 ASBURY STREET SUITE 207
    SAINT PAUL,MN55104     		  PC COMMITTED IN 2018 100,000
    NEIGHBORHOOD DEVELOPMENT CENTER INC
    663 UNIVERSITY AVENUE SUITE 200
    SAINT PAUL,MN55104     		  PC COMMITTED IN 2018 75,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVE NW SUITE 300
    WASHINGTON,DC20036     		  PC COMMITTED IN 2018 1,500,000
    PILLSBURY UNITED COMMUNITIES
    125 WEST BROADWAY AVE N STE 130
    MINNEAPOLIS,MN55411     		  PC COMMITTED IN 2018 50,000
    SPRINGBOARD FOR THE ARTS
    308 PRINCE STREET SUITE 270
    SAINT PAUL,MN55101     		  PC COMMITTED IN 2018 250,000
    UJAMAA PLACE
    1821 UNIVERSITY AVE W STE N257
    SAINT PAUL,MN55104     		  PC COMMITTED IN 2018 50,000
    Total .................................bullet 3a 8,361,450
    bApproved for future payment
    AEON
    901 N 3RD ST
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
    1821 UNIVERSITY AVE W STE S145
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 70,000
    AIN DAH YUNG OUR HOME CENTER
    1089 PORTLAND AVE
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 50,000
    ALL SQUARE
    4047 MINNEHAHA AVE
    MINNEAPOLIS,MN55406     		  PC HOMETOWN - RACIAL EQUITY 75,000
    AMERICAN INDIAN OIC INC
    1845 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY 174,000
    APPETITE FOR CHANGE INC
    1200 WEST BROADWAY 250
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY 100,000
    ASCENSION PLACE
    1803 BRYANT AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 50,000
    ASIAN ECONOMIC DEVELOPMENT ASSOCIATION
    422 UNIVERSITY AVE STE 14
    SAINT PAUL,MN55103     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 150,000
    AVENUES FOR YOUTH
    1708 OAK PARK AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY 50,000
    AVINA AMERICAS INC
    1300 I ST NW STE 400E PMB 500104
    WASHINGTON,DC20005     		  PC GLOBAL - SUSTAINABLE LIVELIHOODS; 3-YEAR GRANT 800,000
    BEACON INTERFAITH HOUSING COLLABORATIVE
    2610 UNIVERSITY AVE W STE 100
    SAINT PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    BETTER FUTURES MINNESOTA
    813 N 5TH STREET
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - RACIAL EQUITY 100,000
    BUILD WEALTH MN INC
    2121 PLYMOUTH AVENUE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY 100,000
    CAPI USA
    5930 BROOKLYN BOULEVARD
    BROOKLYN CENTER,MN55429     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    CITY OF LAKES COMMUNITY LAND TRUST
    1930 GLENWOOD AVENUE
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - RACIAL EQUITY 95,000
    CLARE HOUSING
    929 CENTRAL AVENUE NE
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 40,000
    COMMONBOND COMMUNITIES
    1080 MONTREAL AVENUE
    ST PAUL,MN55116     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 125,000
    COMUNIDADES LATINAS UNIDAS EN SERVICIO INC
    797 EAST SEVENTH STREET
    ST PAUL,MN55106     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 125,000
    COOKIE CART
    1119 WEST BROADWAY AVENUE
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    DAKOTA WOODLANDS
    3430 WESCOTT WOODLANDS
    EAGAN,MN55123     		  PC HOMETOWN - RACIAL EQUITY 20,000
    ELPIS ENTERPRISES
    2161 UNIVERSITY AVENUE WEST SUITE
    112
    ST PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY 40,000
    EMERGE COMMUNITY DEVELOPMENT
    1834 EMERSON AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY 75,000
    EMMA NORTON SERVICES
    670 ROBERT STREET NORTH
    SAINT PAUL,MN55101     		  PC HOMETOWN - RACIAL EQUITY 35,000
    EXODUS FINANCIAL SERVICES
    2380 WYCLIFF STREET SUITE B-100
    ST PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY 20,000
    FAMILY HOUSING FUND
    310 4TH AVE SOUTH SUITE 9000
    MINNEAPOLIS,MN55415     		  SO I HOMETOWN - RACIAL EQUITY 50,000
    FINANCIAL INNOVATIONS CENTER INC
    135 SOUTH LASALLE STREET SUITE 2125
    CHICAGO,IL60603     		  PC NATIONAL - FINANCIAL SECURITY 290,000
    FROGTOWN NEIGHBORHOOD ASSOCIATION
    501 NORTH DALE
    SAINT PAUL,MN55103     		  PC HOMETOWN - RACIAL EQUITY 25,000
    GOODWILL INDUSTRIES INC
    553 FAIRVIEW AVE N
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 60,000
    GREATER METROPOLITAN HOUSING CORPORATION
    15 SOUTH 5TH STREET SUITE 710
    MINNEAPOLIS,MN55402     		  PC HOMETOWN - RACIAL EQUITY 20,000
    GREATER TWIN CITIES UNITED WAY
    404 S 8TH STREET
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - OTHER 100,000
    HAP ECONOMIC & COMMUNITY DEVELOPMENT CORPORATION
    394 UNIVERSITY AVE W
    SAINT PAUL,MN55106     		  PC HOMETOWN - RACIAL EQUITY 75,000
    HIRED
    217 FIFTH AVENUE NORTH THIRD FLOOR
    MINNEAPOLIS,MN55401     		  PC HOMETOWN - RACIAL EQUITY 100,000
    HOPE COMMUNITY
    611 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY 25,000
    HOUSE OF CHARITY
    510 S 8TH STREET
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY 25,000
    HOUSINGLINK
    275 MARKET STREET SUITE 509
    MINNEAPOLIS,MN55405     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 40,000
    JEREMIAH PROGRAM
    1510 LAUREL AVENUE
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    JEWISH COMMUNITY ACTION
    2375 UNIVERSITY AVENUE W SUITE 150
    ST PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 40,000
    JOBS FOUNDATION
    860 VANDALIA ST
    SAINT PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY 25,000
    KEYSTONE COMMUNITY SERVICES
    2000 ST ANTHONY AVE
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 40,000
    LAKE STREET COUNCIL
    PO BOX 7091
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 80,000
    LAND BANK TWIN CITIES INC
    2401 LOWRY AVE NE STE 206
    ST ANTHONY,MN55418     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 60,000
    LATINO ECONOMIC DEVELOPMENT CENTER
    804 MARGARET STREET
    SAINT PAUL,MN55106     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 80,000
    LIFETRACK RESOURCES INC
    709 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 50,000
    METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS
    3137 CHICAGO AVENUE
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    METROPOLITAN INTERFAITH COUNCIL ON AFFORDABLE HOUSING (MICAH)
    463 MARIA AVE
    SAINT PAUL,MN55106     		  PC HOMETOWN - RACIAL EQUITY 20,000
    MICROGRANTS
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY 25,000
    MIND THE GAPP
    4215 FAIRVIEW AVENUE
    HOPKINS,MN55343     		  PC HOMETOWN - RACIAL EQUITY 20,000
    MINNEAPOLIS AMERICAN INDIAN CENTER
    1530 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 150,000
    MINNESOTA ASSISTANCE COUNCIL FOR VETERANS
    1000 UNIVERSITY AVENUE WEST SUITE
    10
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 40,000
    MINNESOTA HOUSING PARTNERSHIP
    2446 UNIVERSITY AVENUE SUITE 140
    ST PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    SAINT PAUL,MN55101     		  PC HOMETOWN - RACIAL EQUITY 50,000
    NAMATI INC
    1616 P ST NW STE 101
    WASHINGTON,DC20036     		  PC GLOBAL - SUSTAINABLE LIVELIHOODS; 3-YEAR GRANT 900,000
    NEIGHBORHOOD DEVELOPMENT CENTER INC
    663 UNIVERSITY AVENUE SUITE 200
    SAINT PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 100,000
    NEXUS COMMUNITY PARTNERS
    2314 UNIVERSITY AVE W STE 18
    SAINT PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 150,000
    NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
    1007 WEST BROADWAY AVE
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    PILLSBURY UNITED COMMUNITIES
    125 WEST BROADWAY AVE N STE 130
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    PREPARE PROSPER
    2610 UNIVERSITY AVE W STE 450
    SAINT PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    PRG INC
    2017 E 38TH STREET
    MINNEAPOLIS,MN55407     		  PC HOMETOWN - RACIAL EQUITY 30,000
    PROJECT FOR PRIDE IN LIVING INC (PPL)
    1035 E FRANKLIN AVE
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY 50,000
    REBUILDING TOGETHER - TWIN CITIES
    1050 33RD AVE SE
    MINNEAPOLIS,MN55414     		  PC HOMETOWN - RACIAL EQUITY 20,000
    RESOURCE INC
    1900 CHICAGO AVE SOUTH
    MINNEAPOLIS,MN55404     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    SAKAN COMMUNITY RESOURCE
    8201 PARK AVE S BLOOMINGTON MN
    55420
    BLOOMINGTON,MN55420     		  PC HOMETOWN - RACIAL EQUITY 23,978
    SOLID GROUND
    3521 CENTURY AVENUE NORTH
    WHITE BEAR LAKE,MN55110     		  PC HOMETOWN - RACIAL EQUITY 40,000
    SOUTHERN MINNESOTA INITIATIVE FOUNDATION
    525 FLORENCE AVE
    OWATONNA,MN55060     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    THE ARC MINNESOTA
    2446 UNIVERSITY AVE W SUITE 110
    ST PAUL,MN55114     		  PC HOMETOWN - RACIAL EQUITY 50,000
    TUBMAN
    3111 FIRST AVENUE SOUTH
    MINNEAPOLIS,MN55408     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    URBAN HOMEWORKS INC
    2015 EMERSON AVE N
    MINNEAPOLIS,MN55411     		  PC HOMETOWN - RACIAL EQUITY 65,000
    WOMENVENTURE
    2021 E HENNEPIN AVE SUITE 200
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    YOUNG WOMEN'S CHRISTIAN ASSOCIATION OF ST PAUL
    375 SELBY AVENUE
    ST PAUL,MN55102     		  PC HOMETOWN - RACIAL EQUITY 50,000
    YOUTHPRISE
    3001 BROADWAY STREET NE SUITE 330
    MINNEAPOLIS,MN55413     		  PC HOMETOWN - RACIAL EQUITY 100,000
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403     		  PC HOMETOWN - RACIAL EQUITY; 2-YEAR GRANT 100,000
    CHARITIES AID FOUNDATION AMERICA
    225 REINEKERS LAND SUITE 375
    ALEXANDRIA,VA22314     		  PC GLOBAL - IN SUPPORT OF ALTERNA;3-YEAR GRANT 834,678
    CHARITIES AID FOUNDATION AMERICA
    225 REINEKERS LAND SUITE 375
    ALEXANDRIA,VA22314     		  PC GLOBAL - IN SUPPORT OF INDUSTREE;3-YEAR GRANT 995,166
    CHARITIES AID FOUNDATION AMERICA
    225 REINEKERS LAND SUITE 375
    ALEXANDRIA,VA22314     		  PC GLOBAL - IN SUPPORT OF INDUSTREE 1,561
    LOCAL INITIATIVES SUPPORT CORPORATION
    570 ASBURY STREET SUITE 207
    ST PAUL,MN55104     		  PC HOMETOWN - RACIAL EQUITY 150,000
    Total .................................bullet 3b 8,844,383
    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 ...........     		    14 140,908  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 140,908 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    140,908
    (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