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
CHASE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2140 COUNTY ROAD 42 W
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BURNSVILLE, MN55337
A Employer identification number

37-1452120
B Telephone number (see instructions)

(952) 898-5600
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$8,559,748J 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) 1,984,763
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,743 1,743  
4 Dividends and interest from securities... 144,510 144,510  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 578,942
b Gross sales price for all assets on line 6a 2,538,882
7 Capital gain net income (from Part IV, line 2)... 578,942
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 913 913  
12 Total. Add lines 1 through 11........ 2,710,871 726,108  
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)....... Click to see attachment 6,000 3,000   3,000
c Other professional fees (attach schedule).... Click to see attachment 48,631 48,631   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 10,074 3,044   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 172 42   130
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 64,877 54,717   3,130
25 Contributions, gifts, grants paid....... 328,908 328,908
26 Total expenses and disbursements. Add lines 24 and 25 393,785 54,717   332,038
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,317,086
b Net investment income (if negative, enter -0-) 671,391
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............. 21,432 105,346 105,346
2 Savings and temporary cash investments......... 176,552 128,196 128,196
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)....... 3,088,564 Click to see attachment4,581,587 4,581,587
c Investments—corporate bonds (attach schedule)....... 226,341 Click to see attachment406,129 406,129
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,617,601 Click to see attachment3,338,490 3,338,490
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) 6,130,490 8,559,748 8,559,748
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........ 5,201,486 6,242,662
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 929,004 2,317,086
29 Total net assets or fund balances (see instructions)..... 6,130,490 8,559,748
30 Total liabilities and net assets/fund balances (see instructions). 6,130,490 8,559,748
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
6,130,490
2
Enter amount from Part I, line 27a .....................
2
2,317,086
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
112,172
4
Add lines 1, 2, and 3 ..........................
4
8,559,748
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,559,748
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 STOCK      
b CAPITAL GAINS DIVIDENDS P    
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 2,517,902   1,959,940 557,962
b 20,980     20,980
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       557,962
b       20,980
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 2 578,942
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 9,332
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 9,332
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 9,332
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,414
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 13,414
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 4,082
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet4,082 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 addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (952) 898-5600

    Located atbullet2140 COUNTY ROAD 42 WBURNSVILLEMN ZIP+4bullet55337
    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
     
     
    ........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
    ANDREW CHASE PRESIDENT
    0.50     		0 0 0
    18178 CLEARY LAKE CT
    PRIOR LAKE,MN55372
    MONICA CHASE SECRETARY-TREASURER
    0.50     		0 0 0
    18178 CLEARY LAKE CT
    PRIOR LAKE,MN55372
    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
    5,812,056
    b
    Average of monthly cash balances.......................
    1b
    250,602
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,062,658
    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
    6,062,658
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    90,940
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,971,718
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    298,586
    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
    298,586
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,332
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,332
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    289,254
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    289,254
    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
    289,254
    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
    332,038
    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
    332,038
    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
    332,038
    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 7 289,254
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 10,754
    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$ 332,038
    a Applied to 2019, but not more than line 2a 10,754
    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..... 289,254
    e Remaining amount distributed out of corpus 32,030
    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 32,030
    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 ......     		32,030
    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.... 32,030
    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).)
    ANDREW CHASE
    MONICA CHASE
    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
    30 DAYS FOUNDATION
    3109 DOUGLAS DRIVE
    MINNEAPOLIS,MN55422     		NONE PC COMMUNITY WELFARE 12,400
    360 COMMUNITIES
    501 HIGHWAY 13 112
    BURNSVILLE,MN55337     		NONE PC COMMUNITY WELFARE 4,250
    40 DAYS FOR LIFE
    1511 S TEXAS AVE
    COLLEGE STATION,TX77840     		NONE PC COMMUNITY WELFARE 500
    ABRIA PREGANCY RESOURCES
    2200 UNIVERSITY AVE W SUITE 160
    ST PAUL,MN55114     		NONE PC MEDICAL 2,500
    AID TO THE CHURCH IN NEED
    725 LEONARD ST
    BROOKLYN,NY11222     		NONE PC RELIGIOUS 1,000
    ALIGHT
    615 1ST AVE 500
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY WELFARE 4,000
    ALLINA HEALTH HOSPICE FOUNDATION
    3915 GOLDEN VALLEY RD
    MINNEAPOLIS,MN55422     		NONE PC MEDICAL 1,000
    ALPHA WOMENS CENTER
    PO BOX 435
    SAVAGE,MN55378     		NONE PC COMMUNITY WELFARE 3,500
    ALS MN ONLINE
    1919 UNIVERSITY AVE W 175
    ST PAUL,MN55104     		NONE PC MEDICAL 350
    AMERICAN CANCER SOCIETY - HOPE LODGE
    250 WILLIAMS ST NW SUITE 400
    ATLANTA,GA30303     		NONE PC COMMUNITY WELFARE 1,000
    AMERICAN RED CROSS
    2025 E STREET NW
    WASHINGTON,DC20006     		NONE PC COMMUNITY WELFARE 13,000
    AMNION PREGNANCY CENTER
    13775 NICOLLET AVE S
    BURNSVILLE,MN55337     		NONE PC MEDICAL 1,000
    ARCHDIOCESE FOR THE MILITARY SERVICES
    PO BOX 4469
    WASHINGTON,DC20017     		NONE PC RELIGIOUS 500
    AUTISM SPEAKS
    1 EAST 33RD ST 4TH FL
    NEW YORK,NY10016     		NONE PC MEDICAL 500
    BEFRIENDER MINISTRY
    1120 E 80TH ST 105
    BLOOMINGTON,MN55420     		NONE PC RELIGIOUS 500
    BOYS AND GIRLS CLUB TWIN CITIES
    690 JACKSON STREET
    ST PAUL,MN551304345     		NONE PC COMMUNITY WELFARE 4,250
    BRIDGING INC DBA BRIDGING
    201 W 87TH ST
    BLOOMINGTON,MN55420     		NONE PC RELIGIOUS 2,000
    BURNSVILLE COMMUNITY FOUNDATIONS
    350 BURNSVILLE PARKWAY
    BURNSVILLE,MN55337     		NONE PC COMMUNITY WELFARE 250
    CAN DO CANINES
    9440 SCIENCE CENTER DR
    NEW HOPE,MN55428     		NONE PC GENERAL SUPPORT 1,000
    CAP AGENCY
    712 CANTERBURY RD S
    SHAKOPEE,MN55379     		NONE PC COMMUNITY WELFARE 12,000
    CARE FOR THE WOUNDED
    24818 EAST CEDAR LAKE DRIVE
    NEW PRAGUE,MN56071     		NONE PC MEDICAL 2,100
    CATHOLIC CHARITIES
    1200 2ND AVE S
    MINNEAPOLIS,MN55403     		NONE PC RELIGIOUS 27,000
    CATHOLIC COMMUNITY FOUNDATION MN
    2610 UNIVERSITY AVE W
    MINNEAPOLIS,MN551140000     		NONE PC RELIGIOUS 1,500
    CATHOLIC EXTENSIONS
    150 S WACKER DR 20
    CHICAGO,IL60606     		NONE PC RELIGIOUS 1,000
    CATHOLIC MEDICAL MISSION BOARD
    100 WALL STREET NO 9TH
    NEW YORK,NY10005     		NONE PC RELIGIOUS 2,000
    CATHOLIC RELIEF SERVICES
    228 W LEXINGTON STREET
    BALTIMORE,MD21203     		NONE PC RELIGIOUS 10,000
    CATHOLIC SERVICES APPEAL
    12805 HIGHWAY 55 SUITE 210
    PLYMOUTH,MN55441     		NONE PC RELIGIOUS 20,000
    CHILDREN'S CANCER RESEARCH FUND
    7301 OHMS LANE SUITE 355
    MINNEAPOLIS,MN55439     		NONE PC MEDICAL 1,000
    CHRISTIAN APPALACHIAN PROJECT INC
    485 PONDEROSA DRIVE
    PAINTSVILLE,KY41240     		NONE PC RELIGIOUS 500
    CHURCH OF ST MICHAEL
    1036 COUNTY ROAD 4
    ST CLOUD,MN56303     		NONE PC RELIGIOUS 26,500
    COMMON HOPE
    1400 ENERGY PARK DRIVE NO 23
    ST PAUL,MN55108     		NONE PC RELIGIOUS 1,000
    CROSS INTERNATIONAL CATHOLIC OUTREACH
    370 W CAMINO GARDENS BLVD
    BOCO RATON,FL33432     		NONE PC RELIGIOUS 7,000
    DOMINICAN FRIARS FOUNDATIONS
    141 E 65TH ST
    NEW YORK,NY10065     		NONE PC RELIGIOUS 500
    DYNAMIC CATHOLIC INSTITUTE
    901 ADAMS CROSSING
    CINCINNATI,OH45206     		NONE PC RELIGIOUS 500
    EWTN MISSION ADVANCEMENT
    5817 OLD LEEDS RD
    IRONDALE,AL35210     		NONE PC RELIGIOUS 400
    FAMILIES AND INDIVIDUALS SHARING HOPE (FISH)
    16049 FRANKLIN TRAIL SE
    PRIOR LAKE,MN55372     		NONE PC GENERAL SUPPORT 9,400
    FEED MY STARVING CHILDREN
    401 93RD AVE NW
    COON RAPIDS,MN55433     		NONE PC COMMUNITY WELFARE 25,000
    FIRST BAPTIST CHURCH ST PAUL
    499 WACOUTA AVE
    ST PAUL,MN55101     		NONE PC RELIGIOUS 5,000
    FOCUS
    603 PARK POINTE DRIVE
    GOLDEN,CO804015715     		NONE PC COMMUNITY WELFARE 1,200
    FOOD FOR THE POOR
    6401 LYONS ROAD
    COCONUT CREEK,FL33073     		NONE PC COMMUNITY WELFARE 5,525
    FOUNDATION FIGHTING BLINDNESS
    7168 COLUMBIA GATEWAY
    COLUMBIA,MD21046     		NONE PC MEDICAL 5,000
    FOUNDATION FOR PHYSICAL THERAPY INC
    1111 N FAIRFAX ST
    ALEXANDRIA,VA22314     		NONE PC EDUCATIONAL 1,000
    FUND FOR VOCATIONS
    9243 OLD GREE MOUNTAIN
    ESMONT,VA22937     		NONE PC RELIGIOUS 1,000
    GENERAL SECRETARIAT FRANCISCIAN MISSIONS
    940 N BROWNS LAKE DR
    BURLINGTON,WI53105     		NONE PC RELIGIOUS 2,000
    HABITAT FOR HUMANITY
    270 PEACHTREE STREET SUITE 1300
    ATLANTA,GA30303     		NONE PC COMMUNITY WELFARE 17,000
    HOSEA'S HEART
    PO BOX 695
    MARSHALL,WI53559     		NONE PC COMMUNITY WELFARE 2,500
    IMMACULATE HEART MEDIA INC DBA RELEVANT RADIO
    1496 BELLEVUE STREET NO 202
    GREEN BAY,WI54311     		NONE PC GENERAL SUPPORT 1,200
    INTERNATIONAL CATHOLIC MIGRATION COMMISSION
    31 MILK STREET SUITE 315
    BOSTON,MA02109     		NONE PC RELIGIOUS 6,000
    LABOURE SOCIETY
    1365 CORPORATE CENTER CURVE NO 104
    EAGAN,MN55121     		NONE PC GENERAL SUPPORT 2,000
    LINGAP CHILDREN'S FOUNDATION
    PO BOX 1553
    JACKSON,MI49204     		NONE PC COMMUNITY WELFARE 2,500
    LITTLE SISTERS OF THE POOR
    330 EXCHANGE ST S
    ST PAUL,MN55102     		NONE PC RELIGIOUS 1,100
    LIVE ACTION
    2200 WILSON BLVD
    ARLINGTON,VA22201     		NONE PC COMMUNITY WELFARE 500
    LOAVES & FISHES TOO
    1121 JACKSON STREET NE 143
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY WELFARE 3,500
    MARRIAGE MATERIAL
    1920 OAK GLEN TRAIL
    STILLWATER,MN55082     		NONE PC GENERAL SUPPORT 1,000
    METAVIVOR RESEARCH AND SUPPORT INC
    1783 FOREST DRIVE
    ANNAPOLIS,MD21401     		NONE PC GENERAL SUPPORT 1,500
    METRO MEALS ON WHEELS
    1200 WASHINGTON AVE
    MINNEAPOLIS,MN55413     		NONE PC COMMUNITY WELFARE 1,000
    NAMI
    PO BOX 49104
    BALTIMORE,MD21297     		NONE PC COMMUNITY WELFARE 1,000
    NATIONAL MS SOCIETY
    733 3RD AVE
    NEW YORK,NY10017     		NONE PC MEDICAL 1,000
    NET MINISTRIES
    3360 THRORTON RD
    FERNDALE,WA98248     		NONE PC RELIGIOUS 500
    OPERATION SMILE
    3641 FACULTY BLVD
    VIRGINIA BEACH,VA23453     		NONE PC GENERAL SUPPORT 1,000
    PANCREATIC CANCER ACTION NETWORK
    1500 ROSECRANS AVE 200
    MANHATTAN BEACH,CA90266     		NONE PC MEDICAL 3,000
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVE 3RD FL
    BOSTON,MA02215     		NONE PC MEDICAL 1,750
    PRO-LIFE ACTION MINISTRIES
    1163 PAYNE AVE
    ST PAUL,MN55101     		NONE PC GENERAL SUPPORT 500
    RISEN SAVIOR MISSIONS
    14533 EUREKA CT
    APPLE VALLEY,MN55124     		NONE PC RELIGIOUS 1,000
    ROCK MN
    16511 ANNA TRAIL E
    PRIOR LAKE,MN55372     		NONE PC COMMUNITY WELFARE 515
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVE
    MAPLEWOOD,MN55109     		NONE PC COMMUNITY WELFARE 3,000
    SHARING AND CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405     		NONE PC COMMUNITY WELFARE 25,100
    SMILE NETWORK
    1807 COLFAX AVE SO
    MINNEAPOLIS,MN55403     		NONE PC COMMUNITY WELFARE 1,000
    SOCIETY FOR CREATIVE ANACHRONISM (SCAORG)
    9450 E 275TH ST
    ELKO,MN55020     		NONE PC RELIGIOUS 1,028
    SPECIAL OLYMPICS
    1133 19TH STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT 200
    ST PAUL'S OUTREACH
    5814 BLACKSHIRE PATH
    INVER GROVE HEIGHTS,MN55076     		NONE PC RELIGIOUS 5,000
    ST AUGUSTINE'S CHURCH
    442 SECOND ST SE
    ST CLOUD,MN56304     		NONE PC RELIGIOUS 500
    ST LAWRENCE CATHOLIC CHURCH
    1203 5TH STREET SE
    MINNEAPOLIS,MN55414     		NONE PC RELIGIOUS 500
    ST PAUL CENTER FOR BIBLICAL THEOLOGY
    1468 PARKVIEW CIRCLE
    STEUBENVILLE,OH43952     		NONE PC RELIGIOUS 500
    ST PAUL SEMINARY
    2260 SUMMIT AVE
    ST PAUL,MN55105     		NONE PC RELIGIOUS 3,030
    STUDENTS FOR LIFE ACTION
    600 PRINCESS ANN ST
    FREDRICKSBURG,VA224015915     		NONE PC COMMUNITY WELFARE 500
    SUDAN RELIEF FUND
    3220 N STREET NW STE 302
    WASHINGTON,DC20007     		NONE PC COMMUNITY WELFARE 1,000
    SYRIAN AMERICAN MEDICAL SOCIETY
    PO BOX 34115
    WASHINGTON,DC20043     		NONE PC COMMUNITY WELFARE 1,500
    THE OPEN DOOR
    3910 RAHN RD
    EAGAN,MN55122     		NONE PC COMMUNITY WELFARE 1,500
    THE PHILOMENA HOUSE CORP
    PO BOX 13041
    ROSEVILLE,MN55113     		NONE PC GENERAL SUPPORT 500
    TRUE FRIENDS
    10509 108TH STREET NORTHWEST
    ANNANDALE,MN55302     		NONE PC GENERAL SUPPORT 2,000
    UNIVERSITY OF MINNESOTA FOUNDATION (ENGINEERS WITHOUT BORDERS)
    200 OAK STREET SE SUITE 500
    MINNEAPOLIS,MN55455     		NONE PC COMMUNITY WELFARE 2,500
    UNIVERSITY OF WISCONSIN LACROSSE FOUNDATION
    615 EAST AVENUE N
    LACROSSE,WI54601     		NONE PC EDUCATIONAL 2,360
    WOMEN FOR WOMEN INTERNATIONAL
    2000 M ST NW 200
    WASHINGTON,DC20036     		NONE PC COMMUNITY WELFARE 5,500
    Total .................................bullet 3a 328,908
    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 1,743  
    4 Dividends and interest from securities....     14 144,510  
    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.....     14 913  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 578,942  
    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).. 0 726,108 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    726,108
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    CHASE FAMILY FOUNDATION
     
    Employer identification number

    37-1452120
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    CHASE FAMILY FOUNDATION
          		Employer identification number
    37-1452120
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ANDREW AND MONICA CHASE
    18178 CLEARY LAKE COURT
     
    PRIOR LAKE, MN55372

    		$ 1,984,763


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    CHASE FAMILY FOUNDATION
          		Employer identification number

    37-1452120
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 1,984,763 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    CHASE FAMILY FOUNDATION
          		Employer identification number

    37-1452120
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 6,000 3,000   3,000

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CISCO SYSTEMS INC 26,000 26,000
    METROPOLITAN WEST TOTAL RETURN BOND FUND CLASS PLN #712 380,129 380,129

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC 113,872 113,872
    AMGEN INC 26,441 26,441
    APPLE INC 424,608 424,608
    AT&T 47,166 47,166
    BLACKROCK INC 61,331 61,331
    BLACKSTONE GROUP INC 29,164 29,164
    BOEING CO 25,687 25,687
    BOOKING HOLDINGS INC 22,273 22,273
    BROADCOM INC 59,110 59,110
    CISCO SYSTEMS INC 48,554 48,554
    CITIGROUP INC 66,593 66,593
    CVS HEALTH CORP 39,955 39,955
    DIAGEO PLC - ADR 41,291 41,291
    EATON CORP PLC 24,629 24,629
    ELECTRONIC ARTS INC 47,388 47,388
    FIDELITY NATL INFORMATION SVCS INC 27,585 27,585
    FLEX LTD 56,367 56,367
    GARMIN LTD 26,923 26,923
    GILEAD SCIENCES INC 16,895 16,895
    INTERPUBLIC GROUP COS INC 27,283 27,283
    JP MORGAN CHASE & CO 73,701 73,701
    LAM RESEARCH CORP CO 51,950 51,950
    LAS VEGAS SANDS CORP COM 43,210 43,210
    MEDTRONIC 33,971 33,971
    MICROSOFT CORP 646,130 646,130
    MONDELEZ INTERNATIONAL INC 48,530 48,530
    NIKE INC CL B 51,637 51,637
    RAYTHEON COMPANY 25,815 25,815
    SUNCOR ENERGY INC NEW F 23,240 23,240
    SYSCO CORP 41,586 41,586
    TARGET CORP 50,311 50,311
    THERMO FISHER SCIENTIFIC INC 41,920 41,920
    TORONTO DOMINION BK ONT COM NEW 45,700 45,700
    TOTAL SE 37,090 37,090
    UNILEVER PLC 35,612 35,612
    UNITEDHEALTH GROUP INC 80,656 80,656
    UNITED PARCEL SERVICES - CL B 70,728 70,728
    VISA INC 38,278 38,278
    WALT DISNEY CO 48,919 48,919
    WASTE MANAGEMENT INC 39,506 39,506
    HAIN CELESTIAL GROUP INC 37,339 37,339
    ELI LILLY & CO COM 29,547 29,547
    MERCK & CO INC NEW 34,356 34,356
    UNION PACIFIC CORP 51,014 51,014
    COGNIZANT TECH SOLUTIONS CRP COM 48,760 48,760
    CELANESE CORP 47,428 47,428
    MANULIFE FINANCIAL CORP 44,995 44,995
    TE CONNECTIVITY LTD 41,164 41,164
    APPLE INC 265,380 265,380
    CRYOPORT INC 307,160 307,160
    DANAHER CORPORATION 72,196 72,196
    DIGI INTL INC 113,400 113,400
    EDWARD LIFESCIENCES CORP 225,794 225,794
    LULULEMON ATHLETICA INC 60,905 60,905
    NVIDIA CORPORATION 156,660 156,660
    VEEVA SYS INC 108,900 108,900
    VISA INC 174,984 174,984

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    BLACKROCK GLOBAL LONG/SHORT CREDIT FUND FMV 179,279 179,279
    COHEN & STEERS PREFERRED SECURITIES FMV 94,909 94,909
    EATON VANCE GLOBAL MACRO ABSOLUTE RETURN ADVANTAGE FUND FMV 185,332 185,332
    INVESCO OPPENHEIMER DEVELOPING MARKETS FUND FMV 119,927 119,927
    ISHARES CORE S&P SMALL CAP EFT FMV 107,983 107,983
    ISHARES IBOXX $ INVESTMENT FMV 113,405 113,405
    ISHARES TIPS BOND ETF FMV 60,889 60,889
    MAINSTAY MACKAY CONVERTIBLE FUND CLASS I FMV 132,089 132,089
    NEUBERGER BERMAN LONG SHORT FUND FMV 178,820 178,820
    PIMCO MORTGAGE OPPORTUNITIES FUND CLASS FMV 121,084 121,084
    POWERSHARES DB OPTIMUM YIELD FMV 120,798 120,798
    PRINCIPAL PREFERRED SECURITIES FUND FMV 179,970 179,970
    PRINCIPAL MIDCAP FUND FMV 314,439 314,439
    SPDR GOLD TRUST SHARES GLD FMV 69,739 69,739
    SPDR S&P MIDCAP 400 EFT TRUST FMV 339,295 339,295
    TCW EMRG MKTS FMV 301,298 301,298
    VANGUARD FTSE EMERGING MARKETS ETF FMV 96,813 96,813
    VANGUARD HIGH YIELD CORPORATE FUND ADMIRAL SHARES FMV 306,790 306,790
    VANGUARD SHORT TERM CORP BOND ETF FMV 79,587 79,587
    VANGUARD FTSE DEVELOPED MARKETS FMV 70,201 70,201
    WELLS FARGO ULTRA SHORT TERM INCOME FUND-CLASS FMV 165,843 165,843

    TY 2020 OtherExpensesSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 42 42   0
    DUES AND SUBSCRIPTIONS 130 0   130


    TY 2020 OtherIncomeSchedule2
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 913 913 913


    TY 2020 OtherIncreasesSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Description Amount
    UNREALIZED CHANGE IN FMV OF INVESTMENTS 110,437
    NONDIVIDEND DISTRIBUTIONS 1,735


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR FEES 48,631 48,631   0


    TY 2020 TaxesSchedule
    Name:
    CHASE FAMILY FOUNDATION
    EIN:
    37-1452120
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 3,044 3,044   0
    IRS TAX PAYMENT 7,030 0   0