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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
CARLSON FAMILY LIGHTSHIELD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11591 217TH AVE NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ELK RIVER, MN55330
A Employer identification number

83-4534853
B Telephone number (see instructions)

(763) 284-7063
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$5,135,234J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 77 77  
4 Dividends and interest from securities... 52,189 52,189  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 499,519
b Gross sales price for all assets on line 6a 2,229,734
7 Capital gain net income (from Part IV, line 2)... 499,519
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........ 551,785 551,785  
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).... Click to see attachment 17,795 17,795   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,935 1,935   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 19,730 19,730   0
25 Contributions, gifts, grants paid....... 462,880 462,880
26 Total expenses and disbursements. Add lines 24 and 25 482,610 19,730   462,880
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 69,175
b Net investment income (if negative, enter -0-) 532,055
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 2,595,934 1,070,678 1,070,678
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,081,628 Click to see attachment4,064,556 4,064,556
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).......... 1,292,450 0 0
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) 4,970,012 5,135,234 5,135,234
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 4,970,012 5,135,234
29 Total net assets or fund balances (see instructions)..... 4,970,012 5,135,234
30 Total liabilities and net assets/fund balances (see instructions). 4,970,012 5,135,234
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
4,970,012
2
Enter amount from Part I, line 27a .....................
2
69,175
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
96,047
4
Add lines 1, 2, and 3 ..........................
4
5,135,234
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
5,135,234
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,229,734   1,730,215 499,519
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       499,519
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 2 499,519
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 7,396
c All other domestic foundations enter 1.39% 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 7,396
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 7,396
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
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. 8 152
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 7,548
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 2021 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ofbulletCHRIS CARLSON Telephone no.bullet (763) 284-7063

    Located atbullet11591 217TH AVE NWELK RIVERMN ZIP+4bullet55330
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    CHRISTOPHER D CARLSON PRESIDENT & DIRECTOR
    1.00     		0 0 0
    11591 217TH AVENUE NW
    ELK RIVER,MN55330
    DEBRA L CARLSON VICE PRESIDENT & DIRECTOR
    1.00     		0 0 0
    11591 217TH AVENUE NW
    ELK RIVER,MN55330
    TAYLOR G SCHROER TREASURER & DIRECTOR
    1.00     		0 0 0
    11591 217TH AVENUE NW
    ELK RIVER,MN55330
    ANDREW C CARLSON SECRETARY & DIRECTOR
    1.00     		0 0 0
    11591 217TH AVENUE NW
    ELK RIVER,MN55330
    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 (2020)
    Form 990-PF (2020)
    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 (2020)
    Form 990-PF (2020)
    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
    2,874,696
    b
    Average of monthly cash balances.......................
    1b
    1,841,055
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,715,751
    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
    4,715,751
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    70,736
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,645,015
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    232,251
    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
    232,251
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,396
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,396
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    224,855
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    224,855
    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
    224,855
    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
    462,880
    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
    462,880
    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
    462,880
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 224,855
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 19,312
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 462,880
    a Applied to 2019, but not more than line 2a 19,312
    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 2020 distributable amount..... 224,855
    e Remaining amount distributed out of corpus 218,713
    5 Excess distributions carryover applied to 2020. 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 5 218,713
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		218,713
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 218,713
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    CHRISTOPHER D CARLSON
    DEBRA L CARLSON
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    2 WHEELS 4 HEROS
    21799 TYLER ST NE
    EAST BETHEL,MN55011     		NONE PC GENERAL SUPPORT 5,000
    ABBA CORP
    19022 FREEPORT ST NW STE E
    ELK RIVER,MN55330     		NONE PC NEW BUILDING FUND 10,000
    ACHIEVE SERVICES
    1201 89TH AVE NE 105
    BLAINE,MN55434     		NONE PC GENERAL SUPPORT 25,000
    CITY JOY
    720 13TH AVE S
    MINNEAPOLIS,MN55415     		NONE PC GENERAL SUPPORT 8,000
    COMMUNITY AID ELK RIVER
    12621 ELK LAKE ROAD NW
    ELK RIVER,MN55330     		NONE PC GENERAL SUPPORT 16,000
    ELKS QB CLUB
    PO BOX 240
    ELK RIVER,MN55330     		NONE PC GENERAL SUPPORT 500
    FISHING FOR LIFE
    PO BOX 19320
    MINNEAPOLIS,MN55419     		NONE PC GENERAL SUPPORT 25,000
    GATEWAY CH
    13913 185TH AVE NW
    ELK RIVER,MN55330     		NONE PC GENERAL SUPPORT 250,000
    HARVEST MINISTRIES
    9350 173RD AVE NW
    RAMSEY,MN55303     		NONE PC GENERAL SUPPORT 18,500
    HUNTER HOULE MEM FDN
    20195 GREYSTONE AVENUE N
    FOREST LAKE,MN55025     		NONE PC GENERAL SUPPORT 25,000
    LIVIN FDN
    2168 7TH AVE PO BOX 652
    ANOKA,MN55303     		NONE PC 2020 LIVIN MUSIC FESTIVAL 10,000
    MINNESOTA FCA
    7368 146TH AVENUE NORTHWEST
    RAMSEY,MN55303     		NONE PC SUPPORT FOR ZACH HANSEN AND NORTH METRO CAMP SCHOLARSHIP FUND 10,000
    MN ADULT TEEN CHALLENGE (LAKESIDE ACADEMY)
    740 EAST 24TH STREET
    MINNEAPOLIS,MN55404     		NONE PC GENERAL SUPPORT, COVID RELIEF & LAKESIDE ENTRY ARCH SUPPORT 49,500
    REGENTS OF THE UNIV OF MN
    2660 FAWN LAKE DRIVE NE
    EAST BETHEL,MN55005     		NONE PC LODGING FOR YOUTH DEER PROGRAM 1,330
    THUMBS UP HIGH 5K
    18593 SIMONET DRIVE
    ELK RIVER,MN55330     		NONE PC GENERAL SUPPORT 500
    AMERICAN CANCER SOCIETY
    950 BLUE GENTIAN RD STE 100
    EAGAN,MN55121     		NONE PC GENERAL SUPPORT 500
    COMMUNITY TABLE INC
    21428 152ND ST NW
    ELK RIVER,MN55330     		NONE PC GENERAL SUPPORT 750
    UNITED HOSPITAL FOUNDATION
    333 NORTH SMITH AVENUE
    ST PAUL,MN55102     		NONE PC GENERAL SUPPORT 500
    YMCA OF GREATER TWIN CITIES
    651 NICOLLET MALL 500
    MINNEAPOLIS,MN55402     		NONE PC GENERAL SUPPORT 1,000
    JIM JOHNSON
    11591 217TH AVE NW
    ELK RIVER,MN55330     		NONE I FINANCIAL NEED GRANT 250
    KEVIN MARKUSON
    11591 217TH AVE NW
    ELK RIVER,MN55330     		NONE I FINANCIAL NEED GRANT 550
    RAYCER FRANK
    11050 240TH AVE NE
    NEW LONDON,MN56273     		NONE I FINANCIAL NEED GRANT 5,000
    Total .................................bullet 3a 462,880
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 77  
    4 Dividends and interest from securities....     14 52,189  
    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 ............     		    14 499,519  
    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).. 0 551,785 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    551,785
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CARLSON FAMILY LIGHTSHIELD FOUNDATION
    EIN:
    83-4534853
    Name of Stock End of Year Book Value End of Year Fair Market Value
    POLARIS INC 19,056 19,056
    ADVANCE AUTO PARTS INC 15,908 15,908
    AKAMAI TECHNOLOGIES INC 15,852 15,852
    ALEXANDRIA REAL ESTATE 27,268 27,268
    AMERICAN WATER WORKS CO INC 19,951 19,951
    AMERIPRISE FINANCIAL INC 27,401 27,401
    AMETEK INC 27,816 27,816
    BOOZ ALLEN HAMILTON HLDG CORP 15,605 15,605
    BRIGHT HORIZONS FAMILY SOLUTIONS INC 16,261 16,261
    BURLINGTON STORES INC 24,324 24,324
    CENTENE CORP 16,748 16,748
    CHURCH & DWIGHT CO INC 10,729 10,729
    CITIZENS FINANCIAL GROUP INC 28,644 28,644
    CURTIS WRIGHT CORP 20,943 20,943
    DARDEN RESTAURANTS INC 29,304 29,304
    EPAM SYSTEMS INC 30,818 30,818
    FIRST REP BANK 28,357 28,357
    FMC CORP NEW 35,973 35,973
    FORTINET INC 20,052 20,052
    FORTIVE CORP 34,277 34,277
    HOULIHAN LOKEY INC 27,094 27,094
    JAZZ PHARMACEUTICALS PLC 18,156 18,156
    KANSAS CITY STHN NEW 31,232 31,232
    LABORATORY CORP AMER HLDGS NEW 29,108 29,108
    LOGITECH INTL SA REG NAMEN-AKT CHF 13,801 13,801
    MASIMO CORP 14,493 14,493
    MATCH GROUP INC 20,713 20,713
    MC CORMICK & CO NV 17,017 17,017
    NTHN TRUST CORP 22,167 22,167
    OLLIE'S BARGAIN OUTLET HOLDING 20,443 20,443
    PALO ALTO NETWORKS INC 21,679 21,679
    RPM INTL INC (DELA) 22,604 22,604
    SERVICE CORP INTL 30,000 30,000
    SS&C TECHNOLOGIES HLDGS INC 11,204 11,204
    TAKE-TWO INTERACTIVE SOFTWARE 17,247 17,247
    TELEFLEX INC 31,691 31,691
    TIMKEN CO 17,019 17,019
    VONTIER CORP COM 13,494 13,494
    VOYA FINL INC COM 16,761 16,761
    ACCENTURE PLC IRELAND CL A 34,219 34,219
    AMER ELECTRIC POWER CO 9,659 9,659
    AMGEN INC 24,601 24,601
    BLACKROCK INC 24,532 24,532
    CHUBB LTD CHF 28,167 28,167
    CISCO SYSTEMS INC 32,041 32,041
    COCO COLA CO 33,617 33,617
    COMCAST CORP NEW CL A 36,994 36,994
    CRANE CO 9,242 9,242
    DIAGEO PLC NEW GB SPON ADR 20,169 20,169
    HOME DEPOT INC 30,281 30,281
    INTEL CORP 26,056 26,056
    JOHNSON & JOHNSON COM 34,466 34,466
    JP MORGAN CHASE & CO 26,558 26,558
    LINDE PLC EUR 25,560 25,560
    LOCKHEED MARTIN 20,234 20,234
    MARSH & MCLENNAN COS INC 23,049 23,049
    MCDONALDS CORP 26,393 26,393
    MEDTRONIC PLC 32,448 32,448
    MICROSOFT CORP 68,728 68,728
    NEXTERA ENERGY INC COM 14,813 14,813
    NOVARTIS AG SPON ADR 25,685 25,685
    PHILLIPS 66 18,184 18,184
    PROCTER & GAMBLE CO 26,715 26,715
    RAYTHEON TECHNOLOGIES CORP 14,087 14,087
    REPUBLIC SERVICES INC 13,578 13,578
    ROCKWELL AUTOMATION INC NEW 16,052 16,052
    TEXAS INSTRUMENTS 31,349 31,349
    TRUIST FINL CORP 12,845 12,845
    UNION PACIFIC CORP 24,778 24,778
    UNITED POSTAL SERVICE 15,661 15,661
    VF CORP 24,940 24,940
    ACCENTURE PLC IRELAND CL A 23,248 23,248
    ADOBE INC. 25,006 25,006
    ALPHABET INC CL A 57,837 57,837
    AMAZON.COM INC 71,652 71,652
    AMERICAN TOWER CORP REIT 19,304 19,304
    AMERIPRISE FINANCIAL 19,822 19,822
    APPLE INC 49,759 49,759
    COMCAST CORP NEW CL A 17,973 17,973
    COSTCO WHOLESALE CORP 8,289 8,289
    DANAHER CORP 16,438 16,438
    DOLLAR GEN CORP NEW 13,880 13,880
    FACEBOOK INC CL A 47,530 47,530
    FIDELITY NATL INFORMAITON SVCS 19,946 19,946
    HOME DEPOT INC 14,875 14,875
    HONEYWELL INTL INC 16,378 16,378
    INTERCONTINENTALEXCHANGEGROUP 12,912 12,912
    LAUDER ESTEE COS CL A 7,720 7,720
    LOWES COMPANIES INC 16,372 16,372
    MEDTRONIC PLC 21,905 21,905
    MICROSOFT CORP 76,068 76,068
    MONDELEZ INTL INC 11,343 11,343
    O'REILLY AUTOMOTIVE INC 16,745 16,745
    PARKER HANNIFIN CORP 18,796 18,796
    ROCKWELL AUTOMATION INC NEW 7,273 7,273
    SALESFORCE.COM INC 18,247 18,247
    SHERWIN WILLIAMS CO 13,228 13,228
    THERMO FISHER SCIENTIFIC INC 26,549 26,549
    TJX COS INC NEW 23,423 23,423
    UNITEDHEALTH GROUP INC 37,873 37,873
    VISA INC CL A 31,935 31,935
    ACUSHNET HLDGS CORP 31,702 31,702
    APTARGROUP INC 12,320 12,320
    ARTISAN PARTNERS ASSET MGMT INC 19,985 19,985
    ASPEN TECHNOLOGY INC DEL 36,340 36,340
    ATRION CORP DELA 12,845 12,845
    AUTOHOME INC SPON ADR 53,695 53,695
    DONALDSON CO INC 12,741 12,741
    DRIL - QUIP INC 11,285 11,285
    EMCOR GROUP INC 37,407 37,407
    FACTSET RESH SYSTEMS INC 27,598 27,598
    FIRST HAWAIIAN INC 33,389 33,389
    FTI CONSULTING INC 35,415 35,415
    GRACO INC 40,516 40,516
    HENRY JACK & ASSOC INC 16,685 16,685
    MANHATTAN ASSOC INC 30,607 30,607
    MOELIS & CO CL A 24,128 24,128
    POOL CORP 49,915 49,915
    PRICESMART INC 20,131 20,131
    PRIMERICA INC 39,509 39,509
    RBC BEARINGS INC 21,664 21,664
    RIGHTMOVE PLC ADR 42,584 42,584
    RLI CORP 21,142 21,142
    SIMPSON MANUFACTURING CO INC DELA 28,596 28,596
    TELEDYNE TECHNOLOGIES INC 61,149 61,149
    TORO CO 35,280 35,280
    WATTS WATER TECHNOLOGIES INC CL A 31,034 31,034
    ACCOR SA SPON ADR 7,402 7,402
    ADIDAS AG SPON ADR 13,175 13,175
    AIA GROUP LTD SPON ADR 17,883 17,883
    ALIBABA GROUP HLDG LTD SPON ADR 6,516 6,516
    ALLIANZ SE ADR 14,223 14,223
    ANGLO AMERN PLC SPON ADR 6,619 6,619
    ASML HLDG NV SPON ADR 29,751 29,751
    ASSA ABLOY AB ADR 8,106 8,106
    ATLAS COPCO AB NEW REPSTG COM 12,106 12,106
    AXA ADR 8,430 8,430
    BHP GROUP LTD SPON ADR 20,909 20,909
    CAPGEMINI SE UNSPONSORED ADR 9,650 9,650
    CARLSBERG AS SPON ADR 7,197 7,197
    COMWLTH BANK AUSTRALIA SPON ADR 12,369 12,369
    DBS GROUP HLDGS LTD SPON ADR 13,613 13,613
    DEUTSCHE BOERSE ADR 7,453 7,453
    DIAGEO PLC NEW GB SPON ADR 22,710 22,710
    FANUC CORP ADR 10,222 10,222
    FERGUSON PLC SPON ADR 11,286 11,286
    GLAXO SMITHKLINE PLC ADR 13,211 13,211
    HDFC BANK LTD ADR REPSTG 3 ORD SHS 10,911 10,911
    HONG KONG EXCHANGE & CLEARING 11,386 11,386
    HOYA CORP SPON ADR 20,957 20,957
    IBERDROLA SA SPON ADR 10,120 10,120
    INDUSTRIA DE DISENO TEXTIL IND ADR 9,977 9,977
    ING GROEP N V NL SPON ADR 7,052 7,052
    KAO CORP UNSPONSORED ADR 13,201 13,201
    KERING S A UN SPONSORED ADR 8,984 8,984
    KOMATSU LTD SPON ADR NEW 9,910 9,910
    KONE OYJ ADR 10,973 10,973
    KUBOTA CORP ADR JAPAN ADR 9,710 9,710
    LAFAGEHOLCIM LTD UNSPONSORED 9,084 9,084
    LEGAL & GENL GROUP PLC SPON ADR 9,449 9,449
    LEGRAND S A UNSPONSORED ADR 8,547 8,547
    LONDON STK EXCHANGE UNSPONSORED ADR 7,565 7,565
    LONZA GROUP AG ADR 9,484 9,484
    LOREAL CO ADR FRANCE ADR 13,859 13,859
    LVMH MOET HENNESSY LOUIS NEW ADR 25,195 25,195
    MAKITA CORP ADR JAPAN ADR 8,002 8,002
    MUNICH RE GROUP ADR 9,864 9,864
    NESTLE S A SPONSORED ADR 25,563 25,563
    NIDEC CORP ADR 13,916 13,916
    NOVARTIS AG SPON ADR 15,675 15,675
    NOVO NORDISK ADR DENMARK ADR 19,768 19,768
    PING AN INSURANCE (GROUP) CO OF CHINA LTD REPSTG 10,266 10,266
    PRUDENTIAL PLC ADR UNITED KINGDOM 11,374 11,374
    RECKITT BENCKISER PLC SPON ADR 10,437 10,437
    RECRUIT HLDGS CO LTD UN SPONSORED ADR 10,361 10,361
    RELX PLC SPON ADR 9,445 9,445
    RIO TINTO PLC SPON ADR 11,734 11,734
    ROCHE HLDG LTD SPONS ADR SWITZ ADR 19,202 19,202
    SAFRAN SA ADR 9,007 9,007
    SANDS CHINA LTD UNSPONSORED ADR 5,716 5,716
    SAP SE SPON ADR 19,689 19,689
    SCHNEIDER ELEC SE UNSPONSORED ADR 15,865 15,865
    SHIN ETSU CHEM CO LTD ADR 16,449 16,449
    SMITH & NEPHEW PLC NEW 6,958 6,958
    SONY CORP ADR NEW JAPAN ADR 19,110 19,110
    SVENSKA HANDELBANKEN AB ADR 8,602 8,602
    SYMRISE AG ADR 8,915 8,915
    SYSMEX CORP UNSPONSORED ADR 10,045 10,045
    TAIWAN SEMICONDUCTOR MFG CO LTD ADR 28,568 28,568
    TENCENT HLDGS LTD ADR 10,999 10,999
    TOKYO ELECTRON LTD ADR 21,151 21,151
    TOTAL SE SPON ADR 8,759 8,759
    UNILEVER PLC AMER SHS NEW SPON ADR 13,702 13,702
    VINCI S.A. ADR 9,320 9,320

    TY 2020 OtherIncreasesSchedule
    Name:
    CARLSON FAMILY LIGHTSHIELD FOUNDATION
    EIN:
    83-4534853
    Description Amount
    UNREALIZED GAIN 96,047


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CARLSON FAMILY LIGHTSHIELD FOUNDATION
    EIN:
    83-4534853
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 17,795 17,795   0


    TY 2020 SubstantialContributorsSch
    Name:
    CARLSON FAMILY LIGHTSHIELD FOUNDATION
    EIN:
    83-4534853
    Name Address
    CHRISTOPHER D CARLSON 11591 217TH AVE NW
    ELK RIVER,MN55330
    DEBRA L CARLSON 11591 217TH AVE NW
    ELK RIVER,MN55330


    TY 2020 TaxesSchedule
    Name:
    CARLSON FAMILY LIGHTSHIELD FOUNDATION
    EIN:
    83-4534853
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID 1,935 1,935   0