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 07-01-2020 , and ending 06-30-2021
Name of foundation
THE HEAD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11100 WAYZATA BLVD STE 230
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNETONKA, MN55305
A Employer identification number

20-2032551
B Telephone number (see instructions)

(952) 681-2891
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$10,076,048J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 105 105  
4 Dividends and interest from securities... 124,821 124,821  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 730,697
b Gross sales price for all assets on line 6a 2,349,551
7 Capital gain net income (from Part IV, line 2)... 730,697
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 855,623 855,623  
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 7,246 3,623   3,623
c Other professional fees (attach schedule).... Click to see attachment 31,047 31,047   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,419 0   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 50,712 34,670   3,648
25 Contributions, gifts, grants paid....... 546,950 546,950
26 Total expenses and disbursements. Add lines 24 and 25 597,662 34,670   550,598
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 257,961
b Net investment income (if negative, enter -0-) 820,953
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............. 15,405 40,602 40,602
2 Savings and temporary cash investments......... 181,861 192,877 192,877
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)....... 2,359,050 Click to see attachment2,904,676 2,904,676
c Investments—corporate bonds (attach schedule)....... 1,487,340 Click to see attachment1,291,833 1,291,833
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,872,350 Click to see attachment5,646,060 5,646,060
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) 7,916,006 10,076,048 10,076,048
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) Click to see attachment5,740 Click to see attachment5,011
23 Total liabilities (add lines 17 through 22)......... 5,740 5,011
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 7,910,266 10,071,037
29 Total net assets or fund balances (see instructions)..... 7,910,266 10,071,037
30 Total liabilities and net assets/fund balances (see instructions). 7,916,006 10,076,048
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
7,910,266
2
Enter amount from Part I, line 27a .....................
2
257,961
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,902,810
4
Add lines 1, 2, and 3 ..........................
4
10,071,037
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
10,071,037
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 CAPITAL GAIN DISTRIBUTIONS      
b PUBLICLY TRADED SECURITIES      
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 27,342     27,342
b 2,322,209   1,618,854 703,355
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       27,342
b       703,355
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 2 730,697
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 11,411
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 11,411
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 11,411
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,400
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 6,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 5
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,016
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 addressbulletN/A
    14
    The books are in care ofbulletCEANN COMPANY LLC Telephone no.bullet (952) 681-2891

    Located atbullet11100 WAYZATA BOULEVARD SUITE 230MINNETONKAMN ZIP+4bullet55305
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CHRISTOPHER KIRWAN DIRECTOR
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    MARTHA M HEAD PRESIDENT
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    MARTHA E H KIRWIN SECRETARY
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    VIRGINIA R HEAD TREASURER
    0.25     		0 0 0
    11100 WAYZATA BOULEVARD STE 230
    MINNETONKA,MN55305
    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
    7,426,840
    b
    Average of monthly cash balances.......................
    1b
    1,688,381
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,115,221
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    9,115,221
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    136,728
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,978,493
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    448,925
    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
    448,925
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    11,411
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,411
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    437,514
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    437,514
    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
    437,514
    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
    550,598
    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
    550,598
    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
    550,598
    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 7 437,514
    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......  
    b From 2016......  
    c From 2017...... 41,102
    d From 2018......  
    e From 2019...... 129,850
    fTotal of lines 3a through e........ 170,952
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 550,598
    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..... 437,514
    e Remaining amount distributed out of corpus 113,084
    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 5 284,036
    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 ......     		284,036
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 41,102
    c Excess from 2018....  
    d Excess from 2019.... 129,850
    e Excess from 2020.... 113,084
    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).)
    MARTHA M HEAD
    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
    AAA FOUNDATION (MINNEAPOLIS AUTO CLUB FOUNDATION FOR SAFETY)
    5400 AUTO CLUB WAY
    MINNEAPOLIS,MN55416     		  POF GENERAL SUPPORT 300
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 EAST 28TH STREET
    MINNEAPOLIS,MN554073799     		  PC EXCELLENCE IN HOSPITALIST AND INTENSIVE MEDICINE 20,000
    ACES
    1115 E HENNEPIN AVENUE
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 3,000
    ACHIEVEMPLS - JEFFERSON SCHOOL BRIDGES
    2829 UNIVERSITY AVE SE SUITE 850
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 5,000
    ADVENTURE UNLIMITED
    5201 SOUTH QUEBEC STREET
    GREENWOOD VILLAGE,CO80111     		  PC GENERAL SUPPORT 1,000
    ALZHEIMER'S ASSOCIATION
    7900 W 78TH STREET SUITE 100
    MINNEAPOLIS,MN55439     		  PC MINNESOTA/NORTH DAKOTA CHAPTER 1,000
    AMERICAN RED CROSS - MINNEAPOLISST PAUL
    1201 WEST RIVER PARKWAY
    MINNEAPOLIS,MN55454     		  PC GENERAL SUPPORT 2,500
    AMICUS (VOLUNTEERS OF AMERICA MN AND WI)
    3041 4TH AVENUE SOUTH
    MINNEAPOLIS,MN55408     		  PC GENERAL SUPPORT 1,000
    ANIMAL HUMANE SOCIETY
    845 MEADOW LANE NORTH
    GOLDEN VALLEY,MN55422     		  PC GENERAL SUPPORT 1,000
    ANTI-CRUELTY SOCIETY
    157 W GRAND AVENUE
    CHICAGO,IL60654     		  PC GENERAL SUPPORT 1,000
    ART INSTITUTE OF CHICAGO
    111 S MICHIGAN AVE
    CHICAGO,IL60603     		  PC GENERAL SUPPORT 2,500
    ARTHRITIS FOUNDATION
    662 TRANSFER ROAD
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 1,000
    ASCENSION PLACE (HAVEN HOUSING)
    1803 BRYANT AVENUE NORTH
    MINNEAPOLIS,MN55411     		  PC GENERAL SUPPORT 2,000
    BRECK SCHOOL
    123 OTTAWA AVENUE NORTH
    GOLDEN VALLEY,MN55422     		  PC GENERAL SUPPORT 10,000
    CARING BRIDGE
    PO BOX 6032
    ALBERT LEA,MN56007     		  PC GENERAL SUPPORT 500
    CATHOLIC CHARITIES
    SDS 12-2961 PO BOX 86
    MINNEAPOLIS,MN55486     		  PC ST JOSEPH HOME 15,000
    CATO INSTITUTE
    PO BOX 20077
    WASHINGTON,DC20077     		  PC GENERAL SUPPORT 1,000
    CENTER OF THE AMERICAN EXPERIMENT
    8421 WAYZATA BLVD SUITE 110
    GOLDEN VALLEY,MN55426     		  PC GENERAL SUPPORT 4,000
    CHARITIES REVIEW COUNCIL
    1915 HIGHWAY 36 W SUITE 133
    ROSEVILLE,MN55113     		  PC GENERAL SUPPORT 500
    CHICAGO ARCHITECTURE CENTER
    111 E WACKER DR SUITE 1321
    CHICAGO,IL60601     		  PC GENERAL SUPPORT 1,500
    CHILDREN'S HOSPITAL
    5901 LINCOLN DRIVE
    EDINA,MN55436     		  PC GENERAL SUPPORT 1,000
    CHILDREN'S THEATER
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 2,500
    CITIZENS LEAGUE
    400 ROBERT STREET NORTH SUITE 1820
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 500
    COMO ZOO (COMO FRIENDS)
    1225 ESTABROOK DRIVE
    ST PAUL,MN55103     		  PC GENERAL SUPPORT 2,000
    COURAGE KENNY FOUNDATION (ALLINA HEALTH)
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		  PC GENERAL SUPPORT 5,000
    DESERT BOTANICAL GARDEN
    1201 N GALVIN PARKWAY
    PHOENIX,AZ85008     		  PC GENERAL SUPPORT 1,000
    DIAPER BANK
    709 UNIVERSITY AVE WEST
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 15,000
    DOCTORS WITHOUT BORDERS
    40 RECTOR STREET 16TH FLOOR
    NEW YORK,NY10006     		  PC GENERAL SUPPORT 7,500
    THE RICHARD H DRIEHAUS MUSEUM
    40 E ERIE STREET
    CHICAGO,IL60611     		  POF GENERAL SUPPORT 2,000
    FAMILY PARTNERSHIP - FORMERLY FAMILY CHILDREN SERV
    4123 EAST LAKE STREET
    MINNEAPOLIS,MN55406     		  PC GENERAL SUPPORT 5,000
    FRIENDS OF BASILICA (THE BASILICA LANDMARK)
    PO BOX 50070
    MINNEAPOLIS,MN55405     		  PC ST MARY'S FOUNDATION 500
    FRIENDS OF HENNEPIN COUNTY LIBRARY
    300 NICOLLET MALL SUITE N-290
    MINNEAPOLIS,MN55401     		  PC GENERAL SUPPORT 2,000
    FRIENDS OF THE INSTITUTE - ART IN BLOOM (MPLS INST OF ARTS )
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 2,000
    GIRL SCOUTS OF AMERICA-RIVER VALLEY
    400 ROBERT STREET SOUTH
    ST PAUL,MN55107     		  PC GENERAL SUPPORT 300
    GRACE NEIGHBORHOOD NURSERY SCHOOL
    1430 WEST 28TH STREET
    MINNEAPOLIS,MN55408     		  PC GENERAL SUPPORT 5,000
    GRAYWOLF PRESS
    250 THIRD AVENUE NORTH SUITE 600
    MINNEAPOLIS,MN55401     		  PC NEW CHAPTER CAMPAIGN 20,000
    GRAYWOLF PRESS
    250 3RD AVE N SUITE 600
    MINNEAPOLIS,MN55401     		  PC CAPITAL CAMPAIGN 20,000
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 4TH AVENUE SOUTH
    MINNEAPOLIS,MN55419     		  PC GENERAL SUPPORT 1,000
    GROVELAND EMERGENCY FOOD SHELF
    1900 NICOLLET AVENUE
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 1,000
    GUILD INCORPORATED
    130 SOUTH WABASHA STREET 90
    ST PAUL,MN55107     		  PC GENERAL SUPPORT 5,000
    GUTHRIE THEATER FOUNDATION
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		  PC GENERAL SUPPORT 5,000
    HEARD MUSEUM
    C/O GUILD TREASURER 2301 N CENTRAL
    AVENUE
    PHOENIX,AZ85004     		  PC CIRCLE OF GIVING - SILVER LEVEL 5,000
    HEARD MUSEUM GUILD
    C/O GUILD TREASURER 2301 N CENTRAL
    AVENUE
    PHOENIX,AZ85004     		  PC BEST OF SHOW RIBBON 5,000
    HENNEPIN HISTORY MUSEUM
    2303 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 750
    JR LEAGUE
    4500 PARK GLEN ROAD 180
    ST LOUIS PARK,MN55416     		  PC GENERAL SUPPORT 1,000
    KENYON COLLEGE
    1 KENYON COLLEGE
    GAMBIER,OH43022     		  PC GENERAL SUPPORT 50,000
    KENYON REVIEW
    102 WEST WIGGIN STREET
    GAMBIER,OH43022     		  PC FINN HOUSE 1,000
    LA CASA NORTE
    3533 W NORTH AVE
    CHICAGO,IL60647     		  PC GENERAL SUPPORT 3,000
    LAKE MINNETONKA ASSOCIATION
    PO BOX 248
    EXCELSIOR,MN55331     		  PC GENERAL SUPPORT 1,000
    LAKE SUPERIOR RAILROAD MUSEUM
    506 WEST MICHIGAN STREET
    DULUTH,MN55802     		  PC GENERAL SUPPORT 1,000
    LEAGUE OF WOMEN VOTERS OF MINNEAPOLIS
    310 EAST 38TH STREET SUITE
    205SABATHANI CENTER
    MINNEAPOLIS,MN55409     		  PC GENERAL SUPPORT 500
    LEUKEMIA & LYMPHOMA SOCIETY
    1711 BORADWAY STREET NE
    MINNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 2,500
    LONGYEAR MUSEUM
    1125 BOYLSTON STREET
    CHESTNUT,MA02467     		  PC GENERAL SUPPORT 1,000
    MACPHAIL CENTER FOR MUSIC
    501 SOUTH 2ND STREET
    MINNEAPOLIS,MN55401     		  PC SCHOLARSHIPS 1,000
    MARY BAKER EDDY LIBRARY
    210 MASSACHUSETTS AVENUE
    BOSTON,MA02115     		  PC GENERAL SUPPORT 1,500
    MCAD (MINNEAPOLIS COLLEGE OF ART AND DESIGN)
    2501 STEVENS AVENUE
    MINNEAPOLIS,MN55404     		  PC FUND-A-NEED GIFT 10,000
    MCAD (MINNEAPOLIS COLLEGE OF ART AND DESIGN)
    2501 STEVENS AVENUE
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 5,000
    MICROGRANTS
    1035 E FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 5,000
    MINNEAPOLIS CHESS (DIVISION OF ACHIEVEMPLS)
    THE WATERBURY BUILDING1121 JACKSON
    STREET NE MAILBOX 134
    MINNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 1,000
    MINNEAPOLIS INSTITUTE OF ART
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 50,000
    MINNESOTA CHILDREN'S MUSEUM
    10 WEST 77TH STREET
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 2,500
    MINNESOTA HISTORICAL SOCIETY
    345 KELLOGG BOULEVARD WEST
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 5,000
    MINNESOTA LANDSCAPE ARBORETUM FOUNDATION
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		  PC ANNUAL COMMITMENT 20,000
    MINNESOTA LANDSCAPE ARBORETUM FOUNDATION
    3675 ARBORETUM DRIVE
    CHASKA,MN55318     		  PC OPERATING FUND 5,000
    MINNESOTA ORCHESTRA
    1111 NICOLLET MALL
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 5,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		  PC OPERATING FUND 5,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		  PC ANNUAL PLEDGE 30,000
    MINNESOTA STATE HORTICULTURAL SOCIETY
    1935 COUNTY ROAD B2 W 125
    ST PAUL,MN55113     		  PC GENERAL SUPPORT 500
    MINNETONKA CENTER FOR THE ARTS
    2240 NORTH SHORE DRIVE
    WAYZATA,MN55391     		  PC GENERAL SUPPORT 2,000
    MN STREETCAR MUSEUM
    PO BOX 16509
    MINNEAPOLIS,MN55416     		  PC UNIVERSITY STATION 500
    MN TRANSPORTATION MUSEUM
    193 PENNSYLVANIA AVENUE EAST
    ST PAUL,MN55130     		  PC GENERAL SUPPORT 500
    MN ZOO
    13000 ZOO BLVD
    APPLE VALLEY,MN55124     		  PC GENERAL SUPPORT 3,000
    MUSEUM LAKE MINNETONKA
    PO BOX 178
    MINNETONKA,MN55331     		  PC GENERAL SUPPORT 300
    PAGE EDUCATION FUND
    PO BOX 581254
    MINNEAPOLIS,MN55458     		  PC GENERAL SUPPORT 5,000
    BENILDE-ST MARGARET'S SCHOOL
    2501 HIGHWAY 100
    ST LOUIS PARK,MN55416     		  PC PATTI HEALEY WEBER SCHOLAR AWARD 500
    PHOENIX ART MUSEUM
    1625 N CENTRAL AVENUE
    PHOENIX,AZ85004     		  PC GENERAL SUPPORT 1,500
    PLANNED PARENTHOOD - CHICAGO
    1200 N LASALLE STREET
    CHICAGO,IL60610     		  PC GENERAL SUPPORT 2,500
    PLANNED PARENTHOOD - UPTOWN CINIC
    671 VANDALIA STREET SUITE 323
    ST PAUL,MN55114     		  PC UPTOWN CLINIC 4,000
    PLAYWRIGHTS' CENTER
    2301 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55406     		  PC GENERAL SUPPORT 2,500
    PROJECT FOR PRIDE IN LIVING (PPL)
    1035 EAST FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 3,000
    SALVATION ARMY
    2445 PRIOR AVENUE NORTH
    ROSEVILLE,MN55113     		  PC GENERAL SUPPORT 12,500
    SCIENCE MUSEUM OF MINNESOTA
    120 WEST KELLOGG BLVD
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 1,500
    SIMPSON HOUSE
    160 GLENWOOD AVENUE
    MINNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 1,500
    ST MARK'S EPISCOPAL CATHEDRAL
    519 OAK GROVE STREET
    MINNEAPOLIS,MN55403     		  PC CONTRIBUTIONS 7,500
    ST PAUL SCHOOL FOR BOYS
    11152 FALLS ROAD PO BOX 8100
    BROOKLANDVILLE,MD21022     		  PC HONOR OF CHRIS KIRWAN 5,000
    ST THOMAS FAMILY BUSINESS CENTER
    1000 LASALLE AVENUE SCH435
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 1,000
    TEACH FOR AMERICA TWIN CITIES
    401 2ND AVENUE NORTH SUITE 200
    MINNEAPOLIS,MN55401     		  PC GENERAL SUPPORT 2,500
    THE ARC GREATER TWIN CITIES
    2446 UNIVERSITY AVENUE WEST SUITE
    110
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 500
    THE BRIDGE FOR YOUTH
    1111 WEST 22ND STREET
    MINNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 2,500
    THE CEDARS CAMPS
    1314 PARKWAY VALLEY
    MANCHESTER,MO63011     		  PC CONTRIBUTIONS 1,000
    THE COWLES CENTER FOR DANCE
    528 HENNEPIN AVENUE 200
    MINNEAPOLIS,MN55403     		  PC CONTRIBUTIONS 1,000
    THE GOOD ACRE
    1790 LARPENTEUR AVE W
    FALCON HEIGHTS,MN55113     		  PC GENERAL SUPPORT 1,000
    THE LIFT GARAGE MINNEAPOLIS
    2401 EAST LAKE STREET
    MINNEAPOLIS,MN55406     		  PC GENERAL SUPPORT 2,500
    THE LOPPET FOUNDATION
    1301 THEODORE WIRTH PKWY
    GOLDEN VALLEY,MN55422     		  PC IN HONOR OF KITA MCVAY AND MILA COMB 2,500
    THE PRINCIPIA
    13201 CLAYTON ROAD
    ST LOUIS,MO63131     		  PC GENERAL SUPPORT 10,000
    THINK SMALL
    10 YORKTON COURT
    ST PAUL,MN55117     		  PC GENERAL SUPPORT 1,000
    TREE TRUST
    1419 ENERGY PARK DRIVE
    ST PAUL,MN55108     		  PC CONTRIBUTIONS 1,000
    TUBMAN FAMILY ALLIANCE
    4432 CHICAGO AVENUE SOUTH
    MINNEAPOLIS,MN55407     		  PC GENERAL SUPPORT 1,500
    TWIN CITIES HABITAT FOR HUMANITY
    PO BOX 860297
    MINNEAPOLIS,MN55486     		  PC CONTRIBUTIONS 2,500
    TWIN CITIES PBS (TPT - TWIN CITIES PUBLIC TELEVISION)
    172 EAST FOURTH STREET
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 10,000
    UM WALTER H JUDD FOUNDATION
    200 OAK STREET SE SUITE 500
    MINNEAPOLIS,MN55455     		  PC GENERAL SUPPORT 1,000
    UJAMAA PLACE
    1821 UNIVERSITY AVENUE W SUITE N187
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 2,500
    UNITED NEGRO COLLEGE FUND
    PO BOX 55040
    BOSTON,MA02205     		  PC GENERAL SUPPORT 1,500
    UNITED WAY-GREATER TWIN CITIES
    404 SOUTH 8TH STREET
    MINNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 15,000
    USO UNITED SERVICE ORGANIZATION
    PO BOX 96860
    WASHINGTON,DC20077     		  PC CONTRIBUTIONS 1,000
    VAIL PLACE
    1412 W 36TH STREET
    MINNEAPOLIS,MN55408     		  PC GENERAL SUPPORT 3,500
    VIRGINIA HARRIS
    40 GROVE STREET SUITE 150
    WELLESLEY,MA02482     		  PC GENERAL SUPPORT 10,000
    WALKER ART CENTER
    725 VINELAND PLACE
    MINNEAPOLIS,MN55403     		  PC DEVELOPMENT OFFICE 7,000
    WASHBURN CENTER FOR CHILDREN
    1100 GLENWOOD AVENUE
    MINNEAPOLIS,MN55405     		  PC CONTRIBUTIONS 2,500
    WAY TO GROW
    201 IRVING AVENUE NORTH SUITE 100
    MINNEAPOLIS,MN55405     		  PC EMERGENCY FUND 1,500
    WAYZATA HISTORICAL SOCIETY
    402 EAST LAKE STREET
    WAYZATA,MN55391     		  PC CONTRIBUTIONS 300
    WOMAN'S CLUB
    410 OAK GROVE STREET
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 10,000
    YALE ALUMNI FUND
    PO BOX 2038
    NEW HAVEN,CT06521     		  PC IN MEMORY OF DOUG HEAD '52 500
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403     		  PC ORGANIZATIONAL ADVANCEMENT 500
    ZENON DANCE
    528 HENNEPIN AVENUE 430
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 1,000
    Total .................................bullet 3a 546,950
    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 ...........     		    14 105  
    4 Dividends and interest from securities....     14 124,821  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 730,697  
    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).. 0 855,623 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    855,623
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES & FORM 990-PF PREPARATION 7,246 3,623   3,623

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    THE RICHARD H DRIEHAUS MUSEUM
          		40 E ERIE STREET
    CHICAGO,IL60611     		2020-12-18 2,000 FOR DEVELOPING AND EXECUTING ART EXHIBITIONS AND ART EDUCATIONAL PROGRAMS DEDICATED TO ART, ARCHITECTURE, AND DESIGN OF THE GILDED AGE. 2,000 N/A   2021-10-08 FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).
    AAA FOUNDATION
          		5400 AUTO CLUB WAY
    MINNEAPOLIS,MN55416     		2020-12-21 300 FOR SUPPORTING INITIATIVES FOR TRAFFIC SAFETY. 300 N/A   2021-10-11 FOUNDATION STAFF REVIEWED THE GRANTEES REPORT BUT DID NOT CONDUCT ANY INDEPENDENT VERIFICATION OF THE GRANTEES REPORTS AS THERE HAS NOT BEEN ANY REASON TO DOUBT THEIR ACCURACY OR RELIABILITY. TREAS. REG. SECTION 53.4945-5(C)(1).

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ISHARES US TREASURY BOND ETF 205,805 205,805
    JPM CORE BOND FD - USD - R6 185,355 185,355
    SIX CIRCLES GLOBAL BOND 373,823 373,823
    SIX CIRCLES CREDIT OPPORTUNITY 122,913 122,913
    VANGUARD TTL INTL BND-ADM 278,405 278,405
    VANGUARD TOTAL BOND MARKET 69,227 69,227
    VANGUARD MORTGAGE-BACKED SEC 56,305 56,305

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Name of Stock End of Year Book Value End of Year Fair Market Value
    APPLE INC 306,790 306,790
    BERKSHIRE HATHAWAY INC-CLASS B 1,116,127 1,116,127
    MEDTRONIC PLC 99,304 99,304
    RAYTHEON TECHNOLOGIES CORP 34,551 34,551
    UNITED HEALTH GROUP INC 92,101 92,101
    BERKSHIRE HATHAWAY INC-CLASS B 1,255,803 1,255,803

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIDELITY 500 INDEX -INST PRM FMV 170,174 170,174
    ISHARES CORE MSCI EAFE ETF FMV 386,433 386,433
    ISHARES RUSSELL 1000 GROWTH FMV 319,803 319,803
    JPMORGAN BETABUILDERS CANADA FMV 203,837 203,837
    JPMORGAN BETABUILDERS EUROPE - ETF FMV 209,798 209,798
    JPMORGAN BETABUILDERS JAPAN - ETF FMV 174,837 174,837
    MFS INTL INTRINSIC VALUE-R6 FMV 138,623 138,623
    SIX CIRCLES INTERNATIONAL UNCONSTRAINED EQ FMV 476,759 476,759
    SIX CIRCLES U.S. UNCONSTRAINED EQ FMV 848,725 848,725
    SPDR S&P 500 EFT TRUST FMV 2,073,095 2,073,095
    FIDELITY INTL INDX-INST PRM FMV 70,155 70,155
    JPM BTABLDRS DEV ASIA X-JPN FMV 66,703 66,703
    ISHARES CORE MSCI EMERGING FMV 145,971 145,971
    ISHARES MSCI ACWI ETF FMV 361,147 361,147

    TY 2020 OtherIncreasesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Amount
    UNREALIZED GAINS ON SECURITIES 1,902,081
    EXCISE TAX PAYABLE 729


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 5,740 5,011


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 8,712 8,712   0
    BANK FEES 3 3   0
    JPMORGAN CHASE BANK, N.A. FEES 22,332 22,332   0


    TY 2020 TaxesSchedule
    Name:
    THE HEAD FAMILY FOUNDATION
    EIN:
    20-2032551
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MINNESOTA FILING FEE 25 0   25
    FEDERAL TAXES PAID 12,394 0   0