Form990-PF
Click to see attachment

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
MARBROOK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)730 2ND AVE S STE 1400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
A Employer identification number

84-2492358
B Telephone number (see instructions)

(612) 752-1783
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$20,381,520J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 115,654 115,654  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -38,588
b Gross sales price for all assets on line 6a 2,564,279
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)....... Click to see attachment 110,844 110,844  
12 Total. Add lines 1 through 11........ 187,910 226,498  
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 46,831 21,706   25,125
17 Interest............... 82 82   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,967 2,967   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 11,383 2,237   8,950
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 61,263 26,992   34,075
25 Contributions, gifts, grants paid....... 388,750 388,750
26 Total expenses and disbursements. Add lines 24 and 25 450,013 26,992   422,825
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -262,103
b Net investment income (if negative, enter -0-) 199,506
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 Savings and temporary cash investments.........   59,160 59,160
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)....... 0 Click to see attachment12,335,765 19,092,238
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment1,167,829 1,230,122
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) 0 13,562,754 20,381,520
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 13,824,857
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 -262,103
29 Total net assets or fund balances (see instructions)..... 0 13,562,754
30 Total liabilities and net assets/fund balances (see instructions). 0 13,562,754
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
0
2
Enter amount from Part I, line 27a .....................
2
-262,103
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,824,857
4
Add lines 1, 2, and 3 ..........................
4
13,562,754
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
13,562,754
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 ST P    
b LT P    
c SEC 1231 P    
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 94,376   178,228 -83,852
b 2,469,712   2,424,639 45,073
c 191     191
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       -83,852
b       45,073
c       191
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 -38,588
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 2,773
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 2,773
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 2,773
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 15,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 58
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,169
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet12,169 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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. ...............................
    10
     
    No
    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 addressbulletWWW.MARBROOKFOUNDATION.ORG
    14
    The books are in care ofbulletSAWMILL PRIVATE MANAGEMENT INC Telephone no.bullet (612) 752-1770

    Located atbullet730 SECOND AVE S STE 1400MINNEAPOLISMN ZIP+4bullet55402
    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
     
    No
    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
     
    No
    .........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). Click to see attachment
    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
    MARKELL KIEFER DIRECTOR/CHAIR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    MARKELL HAPKA DIRECTOR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    WILLIAM R KING DIRECTOR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    JOHN LARSEN DIRECTOR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    KARTHERINE WARNER BROOKS DIRECTOR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    EDWARD BROOKS DIRECTOR
    1.00     		0 0 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    MINNA BROOKS EXECUTIVE DIRECTOR
    20.00     		21,356 3,769 0
    730 2ND AVE S STE 1400
    MINNEAPOLIS,MN55402
    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
    17,646,854
    b
    Average of monthly cash balances.......................
    1b
    526,471
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,173,325
    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
    18,173,325
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    272,600
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,900,725
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    895,036
    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
    895,036
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,773
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,773
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    892,263
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    892,263
    6
    Deduction from distributable amount (see instructions).................
    6
    355,146
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    537,117
    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
    422,825
    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
    422,825
    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
    422,825
    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 7 537,117
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 121,420
    b From 2016...... 7,786
    c From 2017......  
    d From 2018...... 336,361
    e From 2019......  
    fTotal of lines 3a through e........ 465,567
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 422,825
    a Applied to 2019, 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 2020 distributable amount..... 422,825
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 114,292 114,292
    (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 5 351,275
    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) ...     		7,128
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		344,147
    10 Analysis of line 9:
    a Excess from 2016.... 7,786
    b Excess from 2017....  
    c Excess from 2018.... 336,361
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    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
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 E 28TH ST
    MINNEAPOLIS,MN55407     		NONE SO I GENERAL OPERATIONS OF THE ORGANIZATION 1,250
    APPETITE FOR CHANGE
    1200 WEST BROADWAY AVENUE 180
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    ARC GREATER TWIN CITIES
    2446 UNIVERSITY AVE W
    SAINT PAUL,MN55114     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 4,500
    BRECK SCHOOL
    123 OTTAWA AVENUE NORTH
    GOLDEN VALLEY,MN554225189     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    BRIDGES TO COMMUNITY
    95 CROTON AVENUE
    OSSINING,NY10562     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CAPI USA
    3702 EAST LAKE STREET
    MINNEAPOLIS,MN55406     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000
    CENTER FOR THE VICTIMS OF TORTURE
    2356 UNIVERSITY AVENUE WEST
    SAINT PAUL,MN55114     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 26,500
    CHARLOTTESVILLE TOMORROW
    100 5TH ST NE
    CHARLOTTESVILLE,VA22902     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    CIRCUS SMIRKUS
    1 CIRCUS ROAD
    GREENSBORO,VT05841     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    CLIMATE GENERATION A WILL STEGER LEGACY
    2801 21ST AVENUE SOUTH SUITE 110
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 25,000
    CONSERVATION MINNESOTA
    1101 W RIVER PKWY 250
    MINNEAPOLIS,MN55415     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 25,000
    CORNELL UNIVERSITY
    144 EAST AVE
    ITHACA,NY14853     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    DAVID SHELDRICK WILDLIFE TRUST
    25283 CABOT ROAD STE 101
    LAGUNA HILLS,CA92653     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    DESCHUTES LAND TRUST
    210 NW IRVING 102
    BEND,OR97703     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    EAST SIDE FREEDOM LIBRARY
    1105 GREENBRIER STREET
    SAINT PAUL,MN55106     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    FRESH ENERGY
    408 ST PETER STREET SUITE 220
    SAINT PAUL,MN55102     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 35,000
    FRESHWATER
    700 SW TAYLOR STREET STE 200
    PORTLAND,OR97205     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000
    FRIENDS SCHOOL
    1365 ENGLEWOOD AVE
    SAINT PAUL,MN55104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    HAZELDEN FOUNDATION
    1375 ST ANTHONY AVENUE
    SAINT PAUL,MN55104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    ILLUSION THEATER AND SCHOOL INC
    528 HENNEPIN AVENUE
    MINNEAPOLIS,MN55403     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    INTERCAMBIO UNITING COMMUNITIES
    4735 WALNUT ST STE B
    BOULDER,CO80301     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    KHYENTSE FOUNDATION
    PO BOX 156648
    SAN FRANCISCO,CA94115     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    LAKE COUNTRY SCHOOL
    3755 PLEASANT AVENUE SOUTH
    MINNEAPOLIS,MN55409     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    LOCAL FOOD HUB INC
    PO BOX 4647
    CHARLOTTESVILLE,VA22905     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    MINNEAPOLIS HEART INSTITUTE FOUNDATION
    920 EAST 28TH STREET
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,250
    MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCACY
    26 E EXCHANGE ST 206
    SAINT PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 34,000
    MN DEPARTMENT OF NATURAL RESOURCES
    500 RANDOLPH AVE
    ST PAUL,MN55102     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    MONTESSORI TRAINING CENTER OF MN
    1611 AMES AVE E
    ST PAUL,MN55106     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    MU PERFORMING ARTS
    275 4TH ST E 496
    SAINT PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    NAROPA UNIVERSITY
    2130 ARAPAHOE AVENUE
    BOULDER,CO803026697     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    ORONO FDN FOR EDUCATION
    PO BOX 211
    LONG LAKE,MN55356     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    PENUMBRA THEATRE COMPANY
    270 N KENT ST
    ST PAUL,MN55102     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 14,750
    PHEASANTS FOREVER
    1783 BUERKLE CIR
    WHITE BEAR LAKE,MN55110     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    PILLSBURY HOUSE THEATRE
    3501 CHICAGO AVE
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    PILLSBURY UNITED COMMUNITIES
    125 WEST BROADWAY
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    PROJECT SUCCESS
    ONE GROVELAND TERRACE
    MINNEAPOLIS,MN55405     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 4,500
    RAGAMALA DANCE COMPANY
    711 W LAKE ST 309
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    ROMERO INSTITUTE
    740 FRONT STREET
    SANTA CRUZ,CA95060     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    SENIOR CENTER INC
    1180 PEPSI PLACE
    CHARLOTTESVILLE,VA22901     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    THE NATURE CONSERVANCY OF MINNESOTA
    1101 W RIVER PKWY 200
    MINNEAPOLIS,MN55415     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    THE SEEDS PROJECT - WORLD WHEEL
    2110 S BASCOM AVE STE 201
    CAMPBELL,CA95008     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    TIGERLION ARTS
    730 SECOND AVENUE SOUTH
    MINNEAPOLIS,MN55402     		NONE PF GENERAL OPERATIONS OF THE ORGANIZATION 12,500
    TWIN CITIES PBS
    172 4TH ST E
    ST PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    UNIVERSITY OF MN MORRIS
    600 EAST 4TH STREET
    MORRIS,MN56267     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    UNIVERSITY OF MN COLLEGE OF VET MEDICINE
    1365 GORTNER AVENUE
    ST PAUL,MN55108     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    YALE SCHOOL OF MANAGEMENT
    165 WHITNEY AVE
    NEW HAVEN,CT06511     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    ARCATA PRESS
    275 4TH ST E 735
    ST PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    CANTUS
    1201 MARQUETTE AVE S SUITE 100
    MINNEAPOLIS,MN55403     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    NEW ARAB AMERICAN THEATER WORKS
    3459 TYLER ST NE
    MINNEAPOLIS,MN55418     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,000
    IN BLACK INK
    938 SELBY AVE
    ST PAUL,MN55104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    TWIN CITIES MEDIA ALLIANCE
    2525 E FRANKLIN AVE 250
    MINNEAPOLIS,MN55406     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    THE SEAD PROJECT
    1007 W BROADWAY AVE
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    REGENTS OF THE UNIVERSITY OF MN - NORTHROP
    600 NCNAMARA ALUMNI CENTER 200 SE
    OAK ST
    MINNEAPOLIS,MN55455     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    URBAN PEAK
    2100 STOUT STREET
    DENVER,CO80205     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    BIG ISLAND MEDITATION
    65-1291 KAWAIHAE RD SUITE 202
    KAMUELA,HI96743     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    ALLIANCE FOR GLOBAL JUSTICE
    225 E 26TH ST
    TUCSON,AZ85713     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CAL-WOOD EDUCATION CENTER
    2282 CO RD 87
    JAMESTOWN,CO80455     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    CHINOOK FUND
    1031 33RD ST
    DENVER,CO80205     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    EARL E BAKKEN CENTER FOR SPIRITUAL HEALING
    420 DELAWARE ST SE C592
    MINNEAPOLIS,MN55455     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    EMERGENCY FAMILY ASSISTANCE ASSOCIATION
    1575 YARMOUTH AVE
    BOULDER,CO80304     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    FOOD BANK OF THE ROCKIES
    10700 E 45TH AVE
    DENVER,CO80239     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    FRIENDS WITHOUT A BORDER
    1123 BROADWAY SUITE 1210
    NEW YORK,NY10010     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    GREAT STUPA - SHAMBHALA MOUNTAIN CENTER
    151 SHAMBHALA WAY
    RED FEATHER LAKES,CO80545     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    HEADWATERS FOUNDATION FOR JUSTICE
    2801 21ST AVE S 132B
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    LAKE STREET COUNCIL
    2925 CHICAGO AVE 190
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    LOWER PHALEN CREEK PROJECT
    804 MARGARET ST
    ST PAUL,MN55106     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    MOTHER HOUSE
    PO BOX 19589
    BOULDER,CO80308     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH ST 11TH FLOOR
    NEW YORK,NY10011     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    PENLAND SCHOOL OF CRAFT
    67 DORAS TRAIL
    BAKERSVILLE,NC28705     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    RHODE ISLAND SCHOOL OF DESIGN
    2 COLLEGE ST
    PROVIDENCE,RI02903     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    Total .................................bullet 3a 388,750
    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 ...........     		         
    4 Dividends and interest from securities....     14 115,654  
    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.....     18 110,844  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -38,588  
    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).. 0 187,910 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    187,910
    (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

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2020-12-15 1,000 GENERAL SUPPORT OF TIGERLION ART'S NATURE PROJECT   NONE TO BE RECEIVED    
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2020-12-15 1,000 GENERAL SUPPORT OF TIGERLION ART'S NATURE PROJECT   NONE TO BE RECEIVED    
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2020-12-15 5,500 GENERAL SUPPORT OF TIGERLION ART'S NATURE PROJECT   NONE TO BE RECEIVED    
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2020-12-15 1,500 GENERAL SUPPORT OF TIGERLION ART'S NATURE PROJECT   NONE TO BE RECEIVED    
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2020-12-15 3,500 GENERAL SUPPORT OF TIGERLION ART'S NATURE PROJECT   NONE TO BE RECEIVED    

    TY 2020 GeneralExplanationAttachment
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Identifier Return Reference Explanation
    ADJUSTMENT AMOUNT FORM 990-PF, PARTI XI, LINE 6 MARBROOK FOUNDATION ("TRUST"), FEDERAL EIN #41-6019899 WAS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A SECTION 501(C)(3) PRIVATE NON-OPERATING FOUNDATION. THE FOUNDATION'S BOARD OF TRUSTEES ELECTED TO TERMINATE THE TRUST AND TRANSFER ALL OF ITS ASSETS TO A SUCCESSOR SECTION 501(C)(3) PRIVATE NON-OPERATING FOUNDATION, THE MARBROOK FOUNDATION ("CORPORATION"), FEDERAL EIN #84-2492358. THE SAME BOARD OF TRUSTEES AND OFFICERS, WHO GOVERN THE TRUST ALSO GOVERN THE CORPORATION. NOTHING CHANGED IN THE TRANSITION OTHER THAN THE LEGAL STRUCTURE OF THE ENTITY. ALL ASSETS AND LIABILITIES OF THE TRUST WERE TRANSFERRED TO THE CORPORATION PRIOR TO DECEMBER 31, 2020, AND THE FINAL ORDER OF TERMINATION FOR THE TRUST WAS RECEVIED FROM THE HENNEPIN COUNTY PROBATE COURT ON FEBRUARY 5, 2021 (SEE A COPY OF THE COURT ORDER ATTACHED). THE DISTRIBUTIONS IN 2020 TO THE SUCCESSOR PRIVATE FOUNDATION REPRESENTED A I.R.C. SECTION 507(B)(2) TRANSFER. PURSUANT TO REVENUE RULING 2002-28 AND I.R.C. SECTION 507(B)(2), THE CORPORATION TRANSFEREE SUCCEEDS TO THE TAX ATTRIBUTES OF THE TRUST, INCLUDING ITS EXISTING EXCESS DISTRIBUTION CARRY-OVER AND NET OPERATING LOSS (FOR UBIT).FORM 990-PF, PART X OF THIS RETURN IS CAPTURING THE MINIMUM INVESTMENT RETURN INFORMATION FOR THE ENTIRE CALENDAR YEAR OF 2020, THEREFORE, PART XI, LINE 5 IS ALSO CALCULATING THE DISTRIBUTABLE AMOUNT FOR THE FOUNDATION FOR THE ENTIRE CALENDAR YEAR 2020. THE AMOUNT ON PART XI, LINE 6 IS THE AMOUNT OF QUALIFYING DISTRIBUTIONS THAT WERE MADE IN THE BEGINING PORTION OF TAX YEAR 2020 BY THE FOUNDATION WHEN IT WAS OPERATING AS THE TRUST UNDER EIN #41-6019899 AND THIS TIES TO THE AMOUNT REPORTED ON THE FINAL FORM 990-PF, PART XII FOR TAX YEAR 2020 AS FILED UNDER THAT EIN .
    STATEMENT OF TRANSITION FORM 990-PF, PART III, LINE 3 MARBROOK FOUNDATION ("TRUST"), FEDERAL EIN #41-6019899 WAS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A SECTION 501(C)(3) PRIVATE NON-OPERATING FOUNDATION. THE FOUNDATION'S BOARD OF TRUSTEES ELECTED TO TERMINATE THE TRUST AND TRANSFER ALL OF ITS ASSETS TO A SUCCESSOR SECTION 501(C)(3) PRIVATE NON-OPERATING FOUNDATION, THE MARBROOK FOUNDATION ("CORPORATION"), FEDERAL EIN #84-2492358. THE SAME BOARD OF TRUSTEES AND OFFICERS, WHO GOVERN THE TRUST ALSO GOVERN THE CORPORATION. NOTHING CHANGED IN THE TRANSITION OTHER THAN THE LEGAL STRUCTURE OF THE ENTITY. ALL ASSETS AND LIABILITIES OF THE TRUST WERE TRANSFERRED TO THE CORPORATION PRIOR TO DECEMBER 31.THE AMOUNT ON FORM 990-PF, PART III, LINE 3 IS THE BOOK VALUE OF THE ASSET DISTTRIBUTED FROM THE TRUST TO THE CORPORATION IN EXECUTION OF THIS REORGANIZATION. THE DISTRIBUTIONS IN 2020 TO THE SUCCESSOR PRIVATE FOUNDATION REPRESENTED A I.R.C. SECTION 507(B)(2) TRANSFER. PURSUANT TO REVENUE RULING 2002-28 AND I.R.C. SECTION 507(B)(2), THE CORPORATION TRANSFEREE SUCCEEDS TO THE TAX ATTRIBUTES OF THE TRUST, INCLUDING ITS EXISTING EXCESS DISTRIBUTION CARRY-OVER AND NET OPERATING LOSS (FOR UBIT).

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SPELL CAPITAL MEZZANINE PTRS 682,257 714,314
    SPELL CAPITAL MEZZANINE PTRS II 485,572 515,808

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Name of Stock End of Year Book Value End of Year Fair Market Value
    TCW CONCENTRATED CORE EQUITY 658,169 2,084,313
    RIVERBRIDGE SMID 1,932,170 4,186,228
    SCHWAB CORPORATION 4,538,069 4,837,345
    SCHWAB ULLAND 599,374 670,364
    STC GLOBAL CORE EQ LLC 1,037,750 2,957,561
    STC INTERNATIONAL EQUITY LLC 1,554,895 2,227,529
    SCHWAB FIXED INCOME 2,015,338 2,128,898

    TY 2020 OtherExpensesSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADMINISTRATIVE EXP 1,087 217   870
    EIDE BAILLY AUDIT FEES 10,100 2,020   8,080
    PASS-THROUGH CHARITABLE DONATIONS 196 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 110,844 110,844 110,844


    TY 2020 OtherIncreasesSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Description Amount
    TRANSFER OF ASSETS PURSUANT TO FOUNDATION REORG - SEE ADD'L STMT OF INFO 13,824,857


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SAWMILL PRIVATE MANAGEMENT, INC 25,125 0   25,125
    INVESTMENT MANAGEMENT FEES 21,706 21,706   0


    TY 2020 TaxesSchedule
    Name:
    MARBROOK FOUNDATION
    EIN:
    84-2492358
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 2,967 2,967   0