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
JA WEDUM FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)TWO CARLSON PARKWAY NORTH NO 335
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PLYMOUTH, MN55447
A Employer identification number

41-6025661
B Telephone number (see instructions)

(612) 789-3363
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$210,083,603J 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) 47,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,018,215 1,018,215  
4 Dividends and interest from securities... 18,819 18,819  
5a Gross rents............ 74,714 74,714  
b Net rental income or (loss) 74,714
6a Net gain or (loss) from sale of assets not on line 10 6,266,212
b Gross sales price for all assets on line 6a 35,258,692
7 Capital gain net income (from Part IV, line 2)... 6,266,212
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 22,890,738 0 22,890,738
12 Total. Add lines 1 through 11........ 30,315,698 7,377,960 22,890,738
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 404,291 0 0 404,291
14 Other employee salaries and wages...... 171,264 0 162,701 8,563
15 Pension plans, employee benefits....... 29,549 0 28,072 1,477
16a Legal fees (attach schedule)......... Click to see attachment 1,463 0 1,463 0
b Accounting fees (attach schedule)....... Click to see attachment 16,947 8,474 8,473 0
c Other professional fees (attach schedule).... Click to see attachment 209,498 0 209,498 0
17 Interest............... 1,631,373 0 1,631,373 0
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... 2,182,218 0 2,182,218
20 Occupancy.............. 14,062,372 0 14,019,869 42,503
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,879,508 0 1,747,639 131,869
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,588,483 8,474 19,991,306 588,703
25 Contributions, gifts, grants paid....... 1,695,754 1,695,754
26 Total expenses and disbursements. Add lines 24 and 25 22,284,237 8,474 19,991,306 2,284,457
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,031,461
b Net investment income (if negative, enter -0-) 7,369,486
c Adjusted net income (if negative, enter -0-)... 2,899,432
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......... 9,246,806 34,311,370 34,311,370
3 Accounts receivable bullet805,941
Less: allowance for doubtful accounts bullet   1,896,587 805,941 805,941
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) bullet103,679
Less: allowance for doubtful accounts bullet0 0 103,679 103,679
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 67,908 65,445 65,445
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 43,655,407 Click to see attachment26,967,549 35,114,704
c Investments—corporate bonds (attach schedule)....... 1,379,673 Click to see attachment922,947 1,024,123
11 Investments—land, buildings, and equipment: basis bullet24,258
Less: accumulated depreciation (attach schedule) bullet     24,258 24,258
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 136,917 Click to see attachment136,917 136,917
14 Land, buildings, and equipment: basis bullet85,969,335
Less: accumulated depreciation (attach schedule) bullet34,953,181 52,130,269 51,016,154 85,969,335
15 Other assets (describe bullet) Click to see attachment23,541,251 Click to see attachment52,266,702 Click to see attachment52,527,831
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 132,054,818 166,620,962 210,083,603
Liabilities 17 Accounts payable and accrued expenses.......... 4,785,312 4,480,382
18 Grants payable.................    
19 Deferred revenue................. 1,027,229 1,032,551
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 49,526,283 75,801,316
22 Other liabilities (describe bullet) 0 0
23 Total liabilities (add lines 17 through 22)......... 55,338,824 81,314,249
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........... 76,715,994 85,306,713
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 76,715,994 85,306,713
30 Total liabilities and net assets/fund balances (see instructions). 132,054,818 166,620,962
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
76,715,994
2
Enter amount from Part I, line 27a .....................
2
8,031,461
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,258,396
4
Add lines 1, 2, and 3 ..........................
4
86,005,851
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
699,138
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
85,306,713
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 S/T STOCK SALES P 2020-01-01 2020-12-31
b L/T STOCK SALES P 2019-01-01 2020-12-31
c CAPITAL GAINS DIVIDENDS 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 10,135,355   10,023,020 112,335
b 25,039,046   18,969,460 6,069,586
c 84,291     84,291
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       112,335
b       6,069,586
c       84,291
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 6,266,212
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 3 112,335
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................................ 1 102,436
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........................... 3 102,436
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- ..... 5 102,436
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 33,100
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 43,100
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 59,336
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    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.WEDUMFOUNDATION.ORG
    14
    The books are in care ofbulletJAY PORTZ Telephone no.bullet (612) 789-3363

    Located atbulletTWO CARLSON PARKWAY NORTH STE 335PLYMOUTHMN ZIP+4bullet55447
    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
    BRIAN MYRES CHAIR
    2.00     		19,250 0 0
    7491 86TH AVE SE
    CLEAR LAKE,MN55319
    DAVID KJOS TRUSTEE
    1.00     		1,750 0 0
    2372 COUNTY ROAD 120 NE
    ALEXANDRIA,MN56308
    DANA WEDUM KENNELLY TRUSTEE
    1.00     		1,750 0 0
    16950 CREEK RIDGE TRAIL
    MINNETONKA,MN55345
    DAWN DOWNS TRUSTEE
    1.00     		1,750 0 0
    9568 HWY 20-26
    CALDWELL,ID83605
    DAYTON SOBY SECRETARY
    1.00     		1,750 0 0
    40640 WEST FOX LAKE ROAD
    FIFTY LAKES,MN56448
    JOSEPH RUSCHE TREASURER
    1.00     		1,750 0 0
    4054 DEERWOOD TRAIL
    EAGAN,MN55122
    MICHELE KELM HELGEN TRUSTEE
    1.00     		1,750 0 0
    100 3RD AVE SOUTH 702
    MINNEAPOLIS,MN554012703
    JON DAVIS TRUSTEE
    1.00     		1,750 0 0
    2750 GALE ROAD
    WAYZATA,MN55391
    JAY PORTZ PRESIDENT
    40.00     		372,791 20,099 0
    2012 LONE OAK CIRCLE
    ST CLOUD,MN56301
    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
    KELLIE TESCH ASSISTANT VP
    40.00     		171,264 9,450 0
    TWO CARLSON PARKWAY NORTH STE 335
    PLYMOUTH,MN55447
    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
    GREAT LAKES MANAGEMENT COMPANY MANAGEMENT FEES 591,664
    12755 HWY 55 STE 125
    PLYMOUTH,MN55441
    SILVERCREST PROPERTIES MANAGEMENT FEES 358,080
    5402 PARKDALE DR 301
    ST LOUIS PARK,MN55416
    EJ PLESKO & ASSOCIATES INC MANAGEMENT FEES 172,140
    6515 GRAND TETON PLAZA UNIT 300
    MADISON,WI53719
    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 UNIVERSITY MINNESOTA-EDUCATION SCHOLARSHIPS AND GRANTS FOR EDUCATIONAL INSTITUTUIONS BENEFITTING MANY SCHOLARS 752,500
    2 ST. CLOUD STATE UNVIERSITY-EDUCATION SCHOLARSHIPS AND GRANTS FOR EDUCATIONAL INSTITUTUIONS BENEFITTING MANY SCHOLARS 119,250
    3 FERGUS FALLS COLLEGE FOUNDATION-EDUCATION-SCHOLARSHIPS AND GRANTS TO EDUCATIONAL INSTITUTIONS BENEFITING MANY SCHOLARS 125,000
    4 VETERANS MEMORIAL PARK-GRANT TO HELP BUILD NEW PARK TO HONOR VETERANS FOR THEIR SERVICE TO OUR NATION. 75,000
    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
    44,723,807
    b
    Average of monthly cash balances.......................
    1b
    16,064,184
    c
    Fair market value of all other assets (see instructions)................
    1c
    136,917
    d
    Total (add lines 1a, b, and c).........................
    1d
    60,924,908
    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
    60,924,908
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    913,874
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    60,011,034
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,000,552
    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
    3,000,552
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    102,436
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    102,436
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,898,116
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,898,116
    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
    2,898,116
    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
    2,284,457
    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
    2,284,457
    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
    2,284,457
    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 2,898,116
    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...... 75,687
    b From 2016......  
    c From 2017...... 1,856,286
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 1,931,973
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,284,457
    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..... 2,284,457
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 613,659 613,659
    (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 1,318,314
    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 ......     		1,318,314
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 1,318,314
    c Excess from 2018....  
    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 e-mail address of the person to whom applications should be addressed:
    JAY PORTZ
    TWO CARLSON PARKWAY NORTH STE 335
    PLYMOUTH,MN55447
    (612) 789-3363
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER OF INTENT OF STANDARD GRANT APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PREFERENCE IS GIVEN TO GEOGRAPHICAL MARKETS WHERE THE FOUNDATION OPERATES AND OWNS REAL ESTATE.
    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
    A CHANCE TO GROW INC
    1800 SECOND STREET NE
    MINNEAPOLIS,MN55418     		  PC GENERAL OPERATING SUPPORT 11,434
    AAHS DECA BOOSTER CLUB
    1210 BROADWAY STREET SUITE 240 PMB
    152
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 5,000
    ALEXANDRIA AREA YMCA
    110 KARL DRIVE
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 10,000
    ALLINA HOSPICE FOUNDATION
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		  PC GENERAL OPERATING SUPPORT 40,000
    BELGRADE-BROOTEN-ELROSA HIGH SCHOOL
    710 WASHBURN AVENUE PO BOX 339
    BELGRADE,MN56312     		  GOV GENERAL OPERATING SUPPORT 600
    BOYS & GIRLS CLUBS OF CENTRAL MINNESOTA
    345 30TH AVENUE N
    ST CLOUD,MN56303     		  PC GENERAL OPERATING SUPPORT 10,000
    CALVARY LUTHERAN CHURCH
    605 DOUGLAS ST
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 5,000
    CATHEDRAL HIGH SCHOOL
    C/O CHS BLUE LINE BOOSTER CLUB 312
    7TH AVENUE NORTH
    ST CLOUD,MN56303     		  PC GENERAL OPERATING SUPPORT 500
    CENTRAL MENTAL HEALTH CENTER
    1321 13TH STREET NORTH
    ST CLOUD,MN56303     		  PC GENERAL OPERATING SUPPORT 25,000
    CENTRAL MINNESOTA BOY SCOUT COUNCIL
    1191 SCOUT DRIVE
    SARTELL,MN56377     		  PC GENERAL OPERATING SUPPORT 5,000
    CHANNEL ONE REGIONAL FOOD BANK
    131 35TH STREET SE
    ROCHESTER,MN55904     		  PC GENERAL OPERATING SUPPORT 10,000
    COMMUNITY EMERGENCY SERVICE
    1900 11TH AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL OPERATING SUPPORT 7,500
    COMMUNITY GIVING
    101 S 7TH STREET SUITE 100
    ST CLOUD,MN56301     		  PC GENERAL OPERATING SUPPORT 30,000
    DAKOTA WOODLANDS
    3430 WESCOTT WOODLANDS
    EAGAN,MN55123     		  PC GENERAL OPERATING SUPPORT 5,000
    DISTRICT 742 LEAF
    C/O BRUCE HENTGES PO BOX 1132
    ST CLOUD,MN56301     		  PC GENERAL OPERATING SUPPORT 3,000
    DODOMA TANZANIA HEALTH DEVELOPMENT INC
    8085 WAYZATA BOULEVARD SUITE 103
    GOLDEN VALLEY,MN55426     		  PC GENERAL OPERATING SUPPORT 6,000
    EBENEZER SOCIETY FOUNDATION
    2722 PARK AVENUE SOUTH
    MINNEAPOLIS,MN55407     		  PC GENERAL OPERATING SUPPORT 5,000
    ESPLANADE GARDENS SENIOR INC
    2615 UNIVERSITY AVENUE SE
    MINNEAPOLIS,MN55414     		  PC GENERAL OPERATING SUPPORT 28,800
    EVERY MEAL THE SHERIDAN STORY
    2723 PATTON ROAD
    ROSEVILLE,MN55113     		  PC GENERAL OPERATING SUPPORT 10,000
    EXCELSIOR LAKE MINNETONKA HISTORICAL
    SOCIETY PO BOX 305
    EXCELSIOR,MN55331     		  PC GENERAL OPERATING SUPPORT 2,000
    FEEDING OUR COMMUNITIES PARTNERS
    2120 HOWARD DRIVE WEST SUITE FG
    NORTH MANKATO,MN56003     		  PC GENERAL OPERATING SUPPORT 50,000
    GREATER ST CLOUD PUBLIC SAFETY FOUNDATION
    101 11TH AVE NORTH
    ST CLOUD,MN56303     		  PC GENERAL OPERATING SUPPORT 45,000
    HAMILTON HABITAT INC
    7611 GUNFLINT TRAIL
    GRAND MARAIS,MN55604     		  PC CONSERVATION 4,000
    HISTORY THEATRE
    30 E 10TH STREET
    ST PAUL,MN55101     		  PC CULTURAL-GENERAL OPERATING SUPPORT 7,500
    HOLY FAMILY CATHOLIC HIGH SCHOOL
    8101 KOCHIA LANE
    VICTORIA,MN55386     		  PC GENERAL OPERATING SUPPORT 12,000
    HOPE ACADEMY
    2300 CHICAGO AVE
    MINNEAPOLIS,MN554043834     		  PC GENERAL OPERATING SUPPORT 37,500
    HOSPICE OF THE VALLEY
    25240 HANCOCK AVE UNIT 120
    MURRIETA,CA92562     		  PC GENERAL OPERATING SUPPORT 500
    JADE FOUNDATION
    PO BOX 475
    JEWELL,IA50130     		  PC GENERAL OPERATING SUPPORT 10,000
    JEREMIAH PROGRAM
    615 1ST AVENUE NE SUITE 210
    MINNEAPOLIS,MN55413     		  PC GENERAL OPERATING SUPPORT 2,500
    JERICHO ROAD MINISTRIES CITYJOY
    1628 EAST 33RD STREET
    MINNEAPOLIS,MN55407     		  PC GENERAL OPERATING SUPPORT 7,500
    LAKE LOWELL ANIMAL RESCUE INC
    12888 PHEASANT CIRCLE
    NAMPA,ID83686     		  PC GENERAL OPERATING SUPPORT 25,000
    LANDING MN
    718 22ND STREET NE
    ROCHESTER,MN55906     		  PC GENERAL OPERATING SUPPORT 4,200
    LOVE INC OF DOUGLAS COUNTY LAKES AREA
    C/O TAMMY BOUSHEK 44 GLEN ROAD NW
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 1,500
    LUCY CRAFT LANEY AT CLEVELAND PARK
    COMMUNITY SCHOOL 3333 PENN AVENUE N
    MINNEAPOLIS,MN55412     		  GOV GENERAL OPERATING SUPPORT 7,920
    LUTHERAN SOCIAL SERVICE OF MINNESOTA
    2485 COMO AVENUE
    ST PAUL,MN55108     		  PC GENERAL OPERATING SUPPORT 8,000
    MINNESOTA LAKES MARITIME SOCIETY
    PO BOX 1216 205 3RD AVENUE NORTH
    ALEXANDRIA,MN56308     		  PC CONSERVATION-GENERAL OPERATIONS 5,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		  PC GENERAL OPERATING SUPPORT 5,000
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BLVD
    APPLE VALLEY,MN55124     		  PC GENERAL OPERATING SUPPORT 5,000
    MURRAY MIDDLE SCHOOL
    2200 BUFORD AVE
    ST PAUL,MN55108     		  GOV GENERAL OPERATING SUPPORT 5,000
    NORTHSTAR CHRISTIAN ACADEMY
    3870 PIONEER ROAD SE
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 5,000
    PAWSITIVITY SERVICE DOGS
    197 GRIGGS ST N
    ST PAUL,MN55104     		  PC GENERAL OPERATING SUPPORT 5,000
    PLYMOUTH CHRISTIAN YOUTH CENTER
    2210 OIVER AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC GENERAL OPERATING SUPPORT 3,000
    SAMARITAN PURSE
    C/O OPERATION CHRISTMAS CHILD PO
    BOX 300 801 BAMBOO ROAD
    BOONE,NC28607     		  PC GENERAL OPERATING SUPPORT 1,800
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVENUE
    STPAUL,MN55109     		  PC GENERAL OPERATING SUPPORT 12,500
    SHARING CARING HANDS
    525 N 7TH STREET
    MINNEAPOLIS,MN55405     		  PC GENERAL OPERATING SUPPORT 6,680
    SPRINGBOARD FOR THE ARTS
    308 PRINCE ST 270
    ST PAUL,MN55101     		  PC CULTURAL-GENERAL OPERATING SUPPORT 5,000
    ST CLOUD ROTARY CLUB
    C/O PATHWAYS FOR YOUTH 203 COOPER
    AVE NORTH SUITE 260
    ST CLOUD,MN56303     		  PC GENERAL OPERATING SUPPORT 5,000
    ST CLOUD TECH BOYS HOCKEY BOOSTERS
    1175 LIME TREE CIRCLE
    ST CLOUD,MN56301     		  PC GENERAL OPERATING SUPPORT 500
    THE SHERIDAN STORY
    2723 PATTON ROAD
    ROSEVILLE,MN55113     		  PC GENERAL OPERATING SUPPORT 2,500
    THERE WITH CARE
    2825 WILDERNESS PLACE SUITE 100
    BOULDER,CO80301     		  PC GENERAL OPERATING SUPPORT 5,000
    VETERANS MEMORIAL PARK
    PO BOX 733
    ALEXANDRIA,MN56308     		  PC GENERAL OPERATING SUPPORT 75,000
    WACOSA
    320 SUNDIAL DRIVE
    WAITE PARK,MN56387     		  PC GENERAL OPERATING SUPPORT 5,000
    WESTERN TECHNICAL COLLEGE FOUNDATION
    400 7TH STREET N
    LACROSSE,WI54601     		  PC GENERAL OPERATING SUPPORT 13,320
    ALEXANDRIA TECHNICAL COLLEGE
    1601 JEFFERSON STREET
    ALEXANDRIA,MN563083799     		  PC GENERAL OPERATING SUPPORT 6,500
    ANOKA RAMSEY COMMUNITY COLLEGE
    11200 MISSISSIPPI BLVD NW
    COON RAPIDS,MN55433     		  GOV GENERAL OPERATING SUPPORT 250
    AUGSBURG UNIVERSITY
    2211 RIVERSIDE AVENUE
    MINNEAPOLIS,MN55454     		  PC GENERAL OPERATING SUPPORT 1,000
    BEMIDJI STATE UNIVERSITY
    FINANCIAL AID OFFICE 1500 BIRCHMOND
    DRIVE NE BOX 14
    BEMIDJI,MN56601     		  GOV GENERAL OPERATING SUPPORT 1,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE
    ST PAUL,MN55122     		  PC GENERAL OPERATING SUPPORT 3,500
    CHASKA HIGH SCHOOL
    DISTRICT EDUCATION CENTER 11 PEAVY
    ROAD
    CHASKA,MN55318     		  GOV GENERAL OPERATING SUPPORT 30,000
    COMMUNITY GIVING
    101 S 7TH STREET SUITE 100
    ST CLOUD,MN56301     		  PC GENERAL OPERATING SUPPORT 5,000
    CONCORDIA COLLEGE
    901 - 8TH STREET S
    MOORHEAD,MN56562     		  PC GENERAL OPERATING SUPPORT 6,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		  PC GENERAL OPERATING SUPPORT 4,000
    IDAHO FFA FOUNDATION INC
    PO BOX 827
    STAR,ID83669     		  PC GENERAL OPERATING SUPPORT 6,000
    LAKE AREA TECHNICAL INSTITUTE
    1201 ARROW AVE NE
    WATERTOWN,SD57201     		  GOV GENERAL OPERATING SUPPORT 500
    MINNESOTA STATE COMMUNITY & TECH COLLEGE
    1414 COLLEGE WAY
    FERGUS FALLS,MN565371000     		  GOV GENERAL OPERATING SUPPORT 3,000
    MINNESOTA STATE UNIVERSITY MOORHEAD
    1104 SOUTH 7TH AVENUE
    MOORHEAD,MN56563     		  GOV GENERAL OPERATING SUPPORT 2,500
    NORMANDALE COMMUNITY COLLEGE
    9700 FRANCE AVENUE SOUTH
    BLOOMINGTON,MN55431     		  GOV GENERAL OPERATING SUPPORT 500
    NORTH DAKOTA STATE COLLEGE OF SCIENCE
    800 6TH STREET NORTH
    WAHPETON,ND58076     		  GOV GENERAL OPERATING SUPPORT 3,000
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVENUE
    FARGO,ND58102     		  GOV GENERAL OPERATING SUPPORT 5,000
    RANDOLPH-MACON COLLEGE
    114 COLLEGE AVENUE
    ASHLAND,VA230055505     		  PC GENERAL OPERATING SUPPORT 2,000
    SOUTH HAMILTON SCHOOL DISTRICT FOUNDATION
    315 FOUNDATION STREET PO BOX 100
    JEWELL,IA50130     		  PC GENEARL OPERATING SUPPORT 1,000
    ST CLOUD STATE UNIVERSITY
    720 FOURTH AVENUE SOUTH
    ST CLOUD,MN56301     		  GOV SCHOLARSHIPS 119,250
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 FRASER HALL 106 PLEASANT ST NE
    MINNEAPOLIS,MN55455     		  PC SCHOLARSHIPS 752,500
    UNIVERSITY OF MINNESOTA CROOKSTON
    2900 UNIVERSITY AVENUE
    CROOKSTON,MN56716     		  GOV SCHOLARSHIPS 1,000
    UNIVERSITY OF MINNESOTA DULUTH
    FINANCIAL AID 1049 UNIVERSITY DRIVE
    DULUTH,MN55812     		  GOV SCHOLARSHIPS 5,000
    UNIVERSITY OF MINNESOTA MORRIS
    UMM BUSINESS OFFICE 600 E 4TH
    STREET
    MORRIS,MN56267     		  GOV SCHOLARSHIPS 3,000
    UNIVERSITY OF ST THOMAS
    2115 SUMMIT AVENUE
    ST PAUL,MN55105     		  PC SCHOLARSHIPS 1,000
    FERGUS AREA COLLEGE FOUNDATION INC
    1414 COLLEGE WAY
    FERGUS FALLS,MN56537     		  PC GENERAL OPERATING SUPPORT 125,000
    Total .................................bullet 3a 1,695,754
    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
    aSHOREWOOD CAMPUS         6,937,304
    bCMSH         9,056,635
    cCOBORN PLAZA         2,825,836
    dLEXINGTON         30,464
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 1,018,215  
    4 Dividends and interest from securities....     14 18,819  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 74,714  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 6,266,212  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCOBORN PLAZA MISC REV     		    03 39,606  
    bSHOREWOOD CAMPUS MISC REV     03 642,637  
    cCMSH MISC REV     03 3,124,268  
    dFOUNDATION MISC REV     03 11,086  
    eLEXINGTON MISC REV     03 119,287  
    fFOUNDATION MANAGEMENT FEE     03 103,615  
    12 Subtotal. Add columns (b), (d), and (e).. 0 11,418,459 18,850,239
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    30,268,698
    (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.)
    1A REVENUE FROM SENIOR HOUSING
    1B REVENUE FROM SENIOR HOUSING
    1C REVENUE FROM STUDENT HOUSING
    1D REVENUE FROM SENIOR HOUSING
    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
    JA WEDUM FOUNDATION
     
    Employer identification number

    41-6025661
    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
    JA WEDUM FOUNDATION
          		Employer identification number
    41-6025661
    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
    CARES ACT GRANT
     
    600 ROBERT ST N
     
    ST PAUL, MN55101

    		$ 46,400


    (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
    JA WEDUM FOUNDATION
          		Employer identification number

    41-6025661
    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
     
    		$    
    (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
    JA WEDUM FOUNDATION
          		Employer identification number

    41-6025661
    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:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 16,947 8,474 8,473 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLIANZ FDS MULTI STRATEGY 211,610 308,085
    SPDR SERIES TRUST 340,118 339,997
    ISHARES SHORT TREASURY BOND ETF 340,190 338,996
    ALLIANZ FDS MULTI STRATEGY 13,274 19,326
    SPDR SERIES TRUST 8,881 8,877
    ISHARES SHORT TREASURY BOND ETF 8,874 8,842

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RBC FDS TD US GOVT MONEY MKT 7 7
    VANGUARD TOTAL STOCK MARKET ETF 14,402,761 18,246,833
    ABBOTT LABORATORIES 153,391 293,762
    ABBVIE INC 107,222 134,688
    ALLIANZGI MID CAP VALUE FUND 352,601 418,290
    ALPHABET INC CLASS C CAPITAL STOCK 43,203 77,083
    ALPHABET INC CLASS A COMMON STOCK 88,643 157,738
    AMAZON.COM INC 142,654 563,449
    AMGEN INC 112,761 136,343
    APPLE INC 120,549 362,111
    AT&T 111,530 89,645
    AUTOMATIC DATA PROCESSING INC 118,856 167,214
    BANK OF AMERICA CORP 100,350 117,603
    BERKSHIRE HATHAWAY INC 117,498 140,049
    BOEING CO 54,204 52,873
    BRISTOL MYERS SQUIBB CO 110,927 116,368
    CATEPILLAR INC 114,435 149,256
    CISCO SYSTEMS INC 126,732 142,081
    COCA COLA COMPANY 107,604 125,474
    DIAMOND HILL FDS 353,836 450,497
    ECOLAB INC 120,205 176,550
    ELI LILLY & CO 122,170 219,999
    FACEBOOK INC 116,567 184,110
    FEDEX CORP 112,921 138,118
    FRANKLIN SMALL CAP GROWTH 448,411 628,259
    GENERAL MILLS INC 97,916 109,250
    GOLDMAN SACHS GROUP INC 108,662 122,889
    HOME DEPOT INC 131,172 209,840
    HONEYWELL INTL INC 115,070 169,309
    INTEL CORP 119,553 130,927
    INTERNATIONAL BUSINESS MACHINES CORP 112,211 112,663
    INVESCO EXCHANGE TRADED FD TR 324,349 308,197
    ISHARES RUSSELL 1000 ETF 433,406 589,339
    ISHARES RUSSELL 2000 ETF 428,690 534,264
    JOHNSON & JOHNSON 116,863 135,976
    JPMORGAN CHASE & CO 124,145 157,821
    KIMBERLY CLARK CORP 104,031 117,302
    MASTERCARD INC 120,360 154,555
    MCDONALDS CORP 128,323 173,166
    MERCK & CO 116,229 146,013
    MICROSOFT CORP 136,702 381,005
    ORACLE CORP 113,055 147,234
    PFIZER INC 109,773 113,853
    PROCTER & GAMBLE CO 116,092 174,621
    SELECT SECTOR SPDR TRUST 170,191 169,034
    SPDR S&P 500 ETF TRUST 1,338,535 1,808,458
    STRYKER CORP 129,417 210,979
    T ROWE PRICE DIVERSIFIED MID CAP GROWTH FDS 435,833 642,154
    TARGET CORP 114,267 281,212
    UNITED PARCEL SVC INC 111,987 160,148
    US BANCORP DEL 113,628 98,911
    VANGUARD RUSSELL 1000 VALUE ETF 325,918 389,415
    VERIZON COMMUNICATIONS 114,940 127,605
    VISA INC 130,458 265,757
    WALMART INC 113,436 173,845
    WALT DISNEY CO 115,987 184,804
    WASTE MANAGEMENT INC 127,186 182,320
    XCEL ENERGY INC 124,143 169,008
    3M COMPANY 113,000 94,387
    DODGE & COX FUNDS INTERNATIONAL STOCK FUND 194,445 249,405
    EUROPACIFIC GROWTH FD 301,155 377,415
    ISHARES MSCI EAFE ETF 236,535 248,648
    MEDTRONIC PLC 118,336 153,453
    NEW WORLD FD INC NEW 86,508 114,600
    CALAMOS INVT TR NEW 192,847 202,373
    DIAMOND HILL LONG-SHORT FUND CLASS I 103,555 103,180
    ABBOTT LABORATORIES 2,981 5,475
    ABBVIE INC 5,014 6,429
    ALLIANZGI MID CAP VALUE FUND 8,768 10,402
    ALPHABET INC CLASS C CAPITAL STOCK 1,102 1,752
    ALPHABET INC CLASS A COMMON STOCK 1,108 1,753
    AMAZON.COM INC 1,272 3,257
    AMGEN INC 2,892 3,679
    APPLE INC 2,942 8,758
    AT&T 2,879 2,330
    AUTOMATIC DATA PROCESSING INC 2,876 4,229
    BANK OF AMERICA CORP 2,586 3,031
    BERKSHIRE HATHAWAY INC 2,845 3,246
    BOEING CO 1,536 1,498
    BRISTOL MYERS SQUIBB CO 2,863 2,977
    CATEPILLAR INC 2,824 3,094
    CISCO SYSTEMS INC 3,149 3,446
    COCA COLA COMPANY 2,925 3,565
    DIAMOND HILL FDS 8,799 11,203
    ECOLAB INC 2,913 4,544
    ELI LILLY & CO 2,902 5,741
    FACEBOOK INC 2,660 4,371
    FEDEX CORP 2,651 2,596
    FRANKLIN SMALL CAP GROWTH 10,417 15,520
    GENERAL MILLS INC 2,706 2,999
    GOLDMAN SACHS GROUP INC 2,747 2,901
    HOME DEPOT INC 2,883 3,984
    HONEYWELL INTL INC 2,695 3,829
    INTEL CORP 3,043 3,338
    INTERNATIONAL BUSINESS MACHINES CORP 2,550 2,643
    INVESCO EXCHANGE TRADED FD TR 8,995 8,547
    ISHARES RUSSELL 1000 ETF 11,025 15,252
    ISHARES RUSSELL 2000 ETF 11,104 13,724
    JOHNSON & JOHNSON 2,755 3,148
    JPMORGAN CHASE & CO 2,880 3,304
    KIMBERLY CLARK CORP 2,878 3,506
    MASTERCARD INC 3,002 3,926
    MCDONALDS CORP 2,725 3,433
    MERCK & CO 2,949 4,172
    MICROSOFT CORP 2,968 7,340
    ORACLE CORP 2,904 3,881
    PFIZER INC 2,790 2,982
    PROCTER & GAMBLE CO 2,734 4,452
    SELECT SECTOR SPDR TRUST 4,159 4,131
    SPDR S&P 500 ETF TRUST 33,279 45,239
    STRYKER CORP 2,920 4,411
    T ROWE PRICE DIVERSIFIED MID CAP GROWTH FDS 10,446 16,054
    TARGET CORP 2,927 7,061
    UNITED PARCEL SVC INC 2,825 3,705
    US BANCORP DEL 2,869 2,423
    VANGUARD RUSSELL 1000 VALUE ETF 8,424 10,065
    VERIZON COMMUNICATIONS 2,916 3,349
    VISA INC 2,933 5,250
    WALMART INC 2,760 4,180
    WALT DISNEY CO 2,820 4,711
    WASTE MANAGEMENT INC 2,867 3,892
    XCEL ENERGY INC 2,904 4,267
    3M COMPANY 2,531 1,923
    DODGE & COX FUNDS INTERNATIONAL STOCK FUND 6,243 8,008
    EUROPACIFIC GROWTH FD 10,853 13,011
    ISHARES MSCI EAFE ETF 7,111 7,223
    MEDTRONIC PLC 2,915 3,983
    NEW WORLD FD INC NEW 2,905 3,911
    CALAMOS INVT TR NEW 5,585 5,842
    DIAMOND HILL LONG-SHORT FUND CLASS I 4,378 4,278
    RBC FDS TD US GOVT MONEY MKT 33,828 33,828
    RBC FDS TD US GOVT MONEY MKT 1,017,416 1,017,416
    PATRIOT BONDS 2,551 2,551

    TY 2020 InvestmentsOtherSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US BANK GROUND LEASE AT COST 136,917 136,917

    TY 2020 LegalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 1,463 0 1,463 0


    TY 2020 OtherAssetsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BENEFICIAL INTEREST IN CHAR REM TRUS 694,008 763,119 763,119
    CIP - FOUNDATION 0 530,991 530,991
    CIP - LEXINGTON 14,028,460 35,931,941 35,931,941
    CMSH - GOODWILL 5,044,345 5,044,345 5,044,345
    CMSH - OTHER ASSETS - RESERVES 1,484,686 1,603,574 1,603,574
    CMSH FINANCE FEES - NET 177,506 164,517 164,517
    COBORN - FINANCING FEES - NET 179,310 162,710 162,710
    COBORN - OTHER ASSETS - RESERVES 572,728 124,035 124,035
    ESPLANADE RECEIVABLE 100,000 200,000 200,000
    LEXINGTON - OTHER ASSETS - RESERVES 0 6,210,284 6,210,284
    LEXINGTON FINANCING FEES - NET 242,769 301,020 301,020
    SHOREWOOD FINANCING FEES - NET 206,571 188,547 188,547
    TENANT SECURITY DEPOSITS 774,155 691,127 691,127
    U VILLAGE - OTHER ASSETS - RESERVES 36,713 0 0
    INVESTMENT IN ESPLANADE   -261,129 0
    LONG TERM LEASE RECEIVABLE 0 611,621 611,621


    TY 2020 OtherDecreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Amount
    SUBSIDIARY LOSS 572,482
    MISC ADJUSTMENT 126,656


    TY 2020 OtherExpensesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SHOREWOOD CAMPUS ADMINISTRATIVE 506,774 0 506,774 0
    CMSH ADMINISTRATIVE 722,315 0 722,315 0
    LEXINGTON ADMINISTRATIVE 200,712 0 200,712 0
    COBORN PLAZA ADMINISTRATIVE 310,331 0 310,331 0
    FOUNDATION ADMIN 87,088 0 0 87,088
    FOUNDATION INSURANCE 13,281 0 0 13,281
    BAD DEBTS 7,507 0 7,507 0
    BOARD FEES 31,500 0 0 31,500


    TY 2020 OtherIncomeSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SHOREWOOD CAMPUS 6,937,304   6,937,304
    CMSH 9,056,635   9,056,635
    COBORN PLAZA 2,825,836   2,825,836
    LEXINGTON 30,464   30,464
    COBORN PLAZA MISC REV 39,606   39,606
    SHOREWOOD CAMPUS MISC REV 642,637   642,637
    CMSH MISC REV 3,124,268   3,124,268
    FOUNDATION MISC REV 11,086   11,086
    LEXINGTON MISC REV 119,287   119,287
    FOUNDATION MANAGEMENT FEE 103,615   103,615


    TY 2020 OtherIncreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Amount
    PRIOR YEAR ADJUSTMENT 1,258,396


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 209,498 0 209,498 0