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
DR DAVID & KAREN OLSON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

46-4203595
B Telephone number (see instructions)

(651) 635-0511
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$4,526,421J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 73,303 72,828  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 152,044
b Gross sales price for all assets on line 6a 1,006,750
7 Capital gain net income (from Part IV, line 2)... 152,044
8 Net short-term capital gain......... 0
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........ 225,347 224,872  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,500 0 0 1,500
c Other professional fees (attach schedule).... Click to see attachment 36,790 33,111   3,679
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,445 1,669   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 670 291   379
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,405 35,071 0 5,558
25 Contributions, gifts, grants paid....... 195,000 195,000
26 Total expenses and disbursements. Add lines 24 and 25 237,405 35,071 0 200,558
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,058
b Net investment income (if negative, enter -0-) 189,801
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,523 1,368 1,368
2 Savings and temporary cash investments......... 58,201 149,841 149,841
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 2,371,320 Click to see attachment2,183,500 3,246,744
c Investments—corporate bonds (attach schedule)....... 1,012,342 Click to see attachment738,519 768,397
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment359,581 358,564
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,648 Click to see attachment1,507 Click to see attachment1,507
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,447,034 3,434,316 4,526,421
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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........ 3,447,034 3,434,316
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)..... 3,447,034 3,434,316
30 Total liabilities and net assets/fund balances (see instructions). 3,447,034 3,434,316
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
3,447,034
2
Enter amount from Part I, line 27a .....................
2
-12,058
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
292
4
Add lines 1, 2, and 3 ..........................
4
3,435,268
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
952
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,434,316
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 .25 CALLON PETE CO DEL   2015-11-09 2020-01-02
b 36. INSYS THERAPEUTICS INC   1911-11-11 2020-02-24
c .5 OLD DOMINION FGHT LINE INC   2019-02-22 2020-04-03
d 406. BT GROUP LLC ADR WI COM   2019-06-26 2020-04-07
e .571 APTEVO THERAPEUTICS INC COM   2015-11-09 2020-04-14
.264 FIRST HORIZON NATIONAL CORP   2019-06-26 2020-07-14
33. AARONS INC   2019-06-26 2020-07-15
50. ADIDAS AG A D R   2016-05-12 2020-07-15
32. ALLSTATE CORP COM   2015-11-09 2020-07-15
1. ALPHABET INC CL C   2015-07-22 2020-07-15
64. ALTICE USA INC A   2019-06-26 2020-07-15
16. AMERICAN EXPRESS CO   2018-03-13 2020-07-15
8. APPLE COMPUTER INC COM   2017-11-17 2020-07-15
152. ASTELLAS PHARMA INC A D R   2017-11-17 2020-07-15
69. B & G FOODS INC NEW   2019-06-26 2020-07-15
250. BARCLAYS PLC COM     2020-07-15
189. BARRICK GOLD CORP   2019-06-26 2020-07-15
67. BAXTER INTL INC COM   2016-05-12 2020-07-15
1. BOOKING HOLDINGS INC   2019-06-26 2020-07-15
55. BROOKS AUTOMATION INC   2017-11-17 2020-07-15
97. CRH PLC ADR   2019-06-26 2020-07-15
31. CVS CORP COM     2020-07-15
55. CANADIAN NATURAL RESOURCES LTD   2019-06-26 2020-07-15
28. CHEVRONTEXACO CORP COM     2020-07-15
578. COMPANHIA SIDERURGICA NACIONAL A D R   2019-06-26 2020-07-15
1112. CIA SANEAMENTO BASICO DE A D R     2020-07-15
24. DBS GROUP HOLDINGS LTD - SPON ADR   2017-11-17 2020-07-15
34. DXC TECHNOLOGY CO   2019-02-22 2020-07-15
216. DANONE SPONS A D R   2015-10-05 2020-07-15
70. DELTA AIR LINES INC     2020-07-15
29. -DISCOVER FINL SVCS     2020-07-15
5343.346 DOUBLELINE TOTAL RET BD I     2020-07-15
15435.543 DOUBLELINE TOTAL RET BD I   2018-03-14 2020-07-15
31. DOW INC     2020-07-15
77. E TRADE FINANCIAL CORP     2020-07-15
296. ENERSIS SA SPONSORED ADR   2019-02-22 2020-07-15
62. ETSY INC   2019-02-22 2020-07-15
121. FLIR SYSTEMS INC     2020-07-15
25. FAST RETAILING CO UNSPON A D R   2019-06-26 2020-07-15
84. FIVE BELOW     2020-07-15
84. FORTIVE CORP WI   2019-02-22 2020-07-15
43. FOX CORP CLASS A W I   2019-06-26 2020-07-15
30. GENERAC HOLDINGS INC   2019-02-22 2020-07-15
69. GRANITE CONSTR INC COM     2020-07-15
188. HSBC HLDGS PLC SPONSORED ADR NEW   2019-06-26 2020-07-15
57. JACK HENRY ASSOCIATES INC     2020-07-15
103. HOME BANCSHARES INC   2019-06-26 2020-07-15
96. HUNTSMAN CORP     2020-07-15
75. INDUSTRIAS BACHOCO SAB DE CV A D R     2020-07-15
476. ISHARES IBOXX HIGH YIELD ETF     2020-07-15
446. KT CORP SP A D R     2020-07-15
136. LEXINFINTECH HLDGS LTD A D R   2019-06-26 2020-07-15
50. LITTELFUSE INC     2020-07-15
192. MASCO CORP COM     2020-07-15
73. MAXLINEAR INC CLASS A   2019-02-22 2020-07-15
14. MICROSOFT CORP   2019-06-26 2020-07-15
379. MITSUBISHI UFJ FINL GRP A D R   2019-02-22 2020-07-15
49. MONDELEZ INTERNATIONAL W I   2019-06-26 2020-07-15
34. MONOLITHIC POWER SYSTEMS INC   2017-11-17 2020-07-15
91. NETGEAR INC RESTR     2020-07-15
521.886 NEUBERGER BERMAN GREATER CHINA EQ   2014-12-18 2020-07-15
129. NICE SYS LTD SPONSORED A D R     2020-07-15
221. NOVO-NORDISK A S ADR     2020-07-15
32. NUTRIEN LTD   2019-06-26 2020-07-15
97. OLD DOMINION FGHT LINE INC     2020-07-15
139. ON SEMICONDUCTOR CORP COM   2015-11-09 2020-07-15
101. PVH CORP     2020-07-15
569. PEARSON P L C A D R   2019-02-22 2020-07-15
39. PETRO CHINA COMPANY LTD A D R   2018-03-13 2020-07-15
11. PIONEER NAT RES CO COM W/RIGHTS ATTACHED EXP 7/31/2011   2019-06-26 2020-07-15
6. POOL CORPORATION   2017-11-17 2020-07-15
22. PROCTER & GAMBLE CO   2015-07-22 2020-07-15
46. RBC BEARINGS INC     2020-07-15
76. RECKITT BENCKISER SPON A D R   2016-05-12 2020-07-15
24. RESMED INC   2016-05-12 2020-07-15
48. ROBERT HALF INTL INC   2019-02-22 2020-07-15
255. ROLLINS INC COM     2020-07-15
135. SS&C TECHNOLOGIES HOLDINGS     2020-07-15
79. HEALTH CARE SELECT SECTOR S P D R   2015-11-09 2020-07-15
92. SMITH NEPHEW P L C A D R   2016-05-12 2020-07-15
416. SUMITOMO MITSUI FINL GROUP A D R   2016-05-12 2020-07-15
504. SUMITOMO MITSUI FINL GROUP A D R   2019-02-22 2020-07-15
14. SYNOPSYS INC COM   2015-07-22 2020-07-15
29. TEXAS ROADHOUSE INC   2015-10-05 2020-07-15
116. TIVITY HEALTH INC   2019-06-26 2020-07-15
41. II-VI INC   2018-03-13 2020-07-15
23. TYSON FOODS INC CL A   2019-06-26 2020-07-15
35. U.S. CONCRETE INC   2015-07-22 2020-07-15
9. UNION PACIFIC CORPORATION   2019-02-22 2020-07-15
75. VANDA PHARMACEUTICALS INC   2019-02-22 2020-07-15
160. WNS HOLDINGS LTD ADR     2020-07-15
152. WPP PLC SPONSORED A D R   2019-06-26 2020-07-15
39. WYNDHAM WORLDWIDE CORP   2019-06-26 2020-07-15
113. XYLEM INC     2020-07-15
17. AON PLC   2015-11-09 2020-07-15
76. ATLANTICA YIELD PLC   2019-02-22 2020-07-15
520. COCA COLA EUROREAN PARTNERS     2020-07-15
250. GENPACT LIMITED     2020-07-15
63. JAZZ PHARMACEUTICALS PLC     2020-07-15
167. MARVELL TECHNOLOGY GROUP LTD   2017-11-17 2020-07-15
21. WILLIS TOWERS WATSON PLC     2020-07-15
26. ALCON INC     2020-07-15
486. QIAGEN N V     2020-07-15
48. WRIGHT MEDICAL GROUP NV   2019-02-22 2020-07-15
266. DHT HOLDINGS INC   2019-06-26 2020-07-15
.6 CALLON PETROLEUM COMPANY   2015-11-09 2020-09-10
11. ADIDAS AG A D R   2016-05-12 2020-09-11
3. ALPHABET INC CL C   2015-10-05 2020-09-11
35. ATLAS AIR INC     2020-09-11
48. AVERY DENNISON CORP COM   2020-07-15 2020-09-11
30. AVERY DENNISON CORP COM   2017-11-17 2020-09-11
49. BARRICK GOLD CORP   2019-06-26 2020-09-11
595.436 BARON EMERGING MARKETS INSTITUTIONAL   2015-10-05 2020-09-11
87. BUILDERS FIRSTSOURCE INC     2020-09-11
13. BURLINGTON STORES INC   2018-03-13 2020-09-11
13.756 CAUSEWAY EMERGING MARKETS INSTL   2014-12-18 2020-09-11
104.821 CAUSEWAY EMERGING MARKETS INSTL   2015-10-05 2020-09-11
20. CHARLES RIV LABORATORIES INTL INC   2017-11-17 2020-09-11
29. CITIGROUP INC   2015-10-05 2020-09-11
56. CORTEVA INC   2020-07-15 2020-09-11
31. CORTEVA INC     2020-09-11
43. DAVE & BUSTERS ENTMT INC   2017-11-17 2020-09-11
1919.776 FEDERATED INST HI YLD BD FD   2016-05-12 2020-09-11
30. GENERAC HOLDINGS INC   2019-02-22 2020-09-11
83. INVESCO QQQ TRUST ETF   2014-12-18 2020-09-11
250. ISHARES CORE MSCI EMERGING MKTS ETF   2014-12-18 2020-09-11
153. KT CORP SP A D R   2016-05-12 2020-09-11
13. KANSAS CITY SOUTHERN   2019-06-26 2020-09-11
26. MERCURY COMPUTER SYS INC   2019-06-26 2020-09-11
1265. MITSUBISHI UFJ FINL GRP A D R     2020-09-11
116. MOMO INC A D R   2020-07-15 2020-09-11
69. MONDELEZ INTERNATIONAL W I   2019-06-26 2020-09-11
24. ORMAT TECHNOLOGIES INC   2017-11-17 2020-09-11
30. OXFORD INDUSTRIES INC   2017-11-17 2020-09-11
24. PROCTER & GAMBLE CO     2020-09-11
30. ROBERT HALF INTL INC     2020-09-11
44. SMITH NEPHEW P L C A D R     2020-09-11
30. SOUTHWEST AIRLS CO COM   2019-06-26 2020-09-11
425. SUMITOMO MITSUI FINL GROUP A D R   2019-02-22 2020-09-11
99. TRI POINTE GROUP INC     2020-09-11
51. TEXAS ROADHOUSE INC     2020-09-11
25. TRAVELERS COS INC   2019-06-26 2020-09-11
46. V F CORP COM   2018-03-13 2020-09-11
19. VARIAN MED SYS INC COM   2020-07-15 2020-09-11
1145.351 VANGUARD TOTAL STOCK MKT INDEX FD   2014-12-18 2020-09-11
47. WPP PLC SPONSORED A D R   2019-06-26 2020-09-11
80. WELLS FARGO & CO NEW     2020-09-11
58. ATLANTICA YIELD PLC     2020-09-11
10. HELEN OF TROY LTD   2016-05-12 2020-09-11
93. HORIZON THERAPEUTICS PLC   2017-11-17 2020-09-11
122. MARVELL TECHNOLOGY GROUP LTD   2017-11-17 2020-09-11
8. SPOTIFY TECHNOLOGY S A   2020-07-15 2020-09-11
1. WELLS FARGO & CO NEW   1911-11-11 2020-10-02
.503 CHEVRONTEXACO CORP COM   2019-02-22 2020-10-16
.3354 VIATRIS INC   2017-11-17 2020-11-30
296. HD SUPPLY HOLDINGS INC     2020-12-24
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(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 1   6 -5
b     1,525 -1,525
c 65   51 14
d 3,157   5,192 -2,035
e 2   30 -28
2   4 -2
1,459   2,020 -561
6,928   3,188 3,740
2,911   2,038 873
1,508   677 831
1,544   1,503 41
1,552   1,539 13
3,112   1,364 1,748
2,488   1,974 514
1,769   1,358 411
1,501   2,004 -503
5,065   2,991 2,074
5,824   3,068 2,756
1,773   1,835 -62
2,497   1,525 972
3,690   3,151 539
1,990   3,275 -1,285
986   1,541 -555
2,488   3,371 -883
1,232   2,426 -1,194
12,321   12,548 -227
1,514   1,688 -174
547   2,256 -1,709
2,992   2,842 150
1,907   3,071 -1,164
1,428   1,664 -236
57,388   58,283 -895
165,778   161,764 4,014
1,324   1,515 -191
4,038   2,105 1,933
2,247   3,096 -849
6,209   3,506 2,703
5,005   6,028 -1,023
1,394   1,522 -128
8,413   6,453 1,960
5,958   6,809 -851
1,112   1,523 -411
4,034   1,591 2,443
1,271   3,058 -1,787
4,561   7,751 -3,190
10,306   4,090 6,216
1,617   1,940 -323
1,849   2,179 -330
2,599   3,591 -992
39,551   40,352 -801
4,522   5,873 -1,351
1,545   1,555 -10
8,553   9,078 -525
9,909   7,315 2,594
1,878   1,721 157
2,916   1,876 1,040
1,494   2,009 -515
2,611   2,676 -65
8,307   4,162 4,145
2,378   2,512 -134
5,798   6,252 -454
25,499   13,036 12,463
14,666   11,073 3,593
1,081   1,727 -646
17,266   9,513 7,753
2,891   1,600 1,291
4,978   10,894 -5,916
4,011   6,786 -2,775
1,359   2,666 -1,307
1,058   1,665 -607
1,703   722 981
2,780   1,785 995
6,130   6,883 -753
1,499   1,539 -40
4,741   1,391 3,350
2,563   3,268 -705
11,848   9,498 2,350
7,744   6,174 1,570
8,257   5,621 2,636
3,864   3,125 739
2,388   2,560 -172
2,893   3,684 -791
2,727   709 2,018
1,545   1,097 448
1,464   1,908 -444
1,843   1,470 373
1,388   1,833 -445
895   1,523 -628
1,571   1,525 46
901   1,579 -678
9,279   4,286 4,993
5,825   9,471 -3,646
1,221   1,650 -429
8,457   8,799 -342
3,397   1,580 1,817
2,222   1,307 915
20,638   25,467 -4,829
9,027   8,575 452
6,886   8,263 -1,377
6,093   3,395 2,698
4,297   3,791 506
1,561   1,387 174
22,745   19,351 3,394
1,437   1,511 -74
1,421   1,497 -76
3   136 -133
1,764   701 1,063
4,501   1,917 2,584
1,974   1,910 64
5,746   5,708 38
3,592   3,259 333
1,452   775 677
9,348   6,308 3,040
2,732   1,662 1,070
2,594   1,665 929
176   158 18
1,339   1,087 252
4,304   2,031 2,273
1,477   1,481 -4
1,622   1,549 73
898   839 59
669   2,185 -1,516
18,526   18,180 346
5,315   1,591 3,724
22,166   8,618 13,548
13,082   11,545 1,537
1,475   2,189 -714
2,407   1,545 862
1,744   1,744  
5,199   6,466 -1,267
1,624   2,246 -622
3,929   3,768 161
1,403   1,528 -125
1,418   1,960 -542
3,303   1,775 1,528
1,535   1,706 -171
1,754   1,498 256
1,163   1,525 -362
2,453   3,107 -654
1,742   1,627 115
3,136   1,736 1,400
2,819   3,727 -908
3,198   3,191 7
3,289   2,403 886
94,262   59,329 34,933
1,868   2,929 -1,061
1,915   4,371 -2,456
1,576   989 587
1,970   983 987
6,517   1,269 5,248
4,654   2,480 2,174
1,904   2,050 -146
43     43
37   98 -61
6   5 1
16,576   12,063 4,513
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
      33,674
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       -5
b       -1,525
c       14
d       -2,035
e       -28
      -2
      -561
      3,740
      873
      831
      41
      13
      1,748
      514
      411
      -503
      2,074
      2,756
      -62
      972
      539
      -1,285
      -555
      -883
      -1,194
      -227
      -174
      -1,709
      150
      -1,164
      -236
      -895
      4,014
      -191
      1,933
      -849
      2,703
      -1,023
      -128
      1,960
      -851
      -411
      2,443
      -1,787
      -3,190
      6,216
      -323
      -330
      -992
      -801
      -1,351
      -10
      -525
      2,594
      157
      1,040
      -515
      -65
      4,145
      -134
      -454
      12,463
      3,593
      -646
      7,753
      1,291
      -5,916
      -2,775
      -1,307
      -607
      981
      995
      -753
      -40
      3,350
      -705
      2,350
      1,570
      2,636
      739
      -172
      -791
      2,018
      448
      -444
      373
      -445
      -628
      46
      -678
      4,993
      -3,646
      -429
      -342
      1,817
      915
      -4,829
      452
      -1,377
      2,698
      506
      174
      3,394
      -74
      -76
      -133
      1,063
      2,584
      64
      38
      333
      677
      3,040
      1,070
      929
      18
      252
      2,273
      -4
      73
      59
      -1,516
      346
      3,724
      13,548
      1,537
      -714
      862
       
      -1,267
      -622
      161
      -125
      -542
      1,528
      -171
      256
      -362
      -654
      115
      1,400
      -908
      7
      886
      34,933
      -1,061
      -2,456
      587
      987
      5,248
      2,174
      -146
      43
      -61
      1
      4,513
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 152,044
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,638
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,638
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,638
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,760
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,760
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 9 878
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 taxBullet0 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bulletDE, MN
    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 addressbullet  
    14
    The books are in care ofbulletDAVID H OLSON Telephone no.bullet (855) 452-4072

    Located atbullet977 SUMMIT AVEST PAULMN ZIP+4bullet55105
    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
    DR DAVID H OLSON PRES/DIRECTOR/SEC/TREAS
    1     		0    
    977 SUMMIT AVENUE
    ST PAUL,MN55105
    KAREN B OLSON VICE PRES/DIRECTOR
    1     		0    
    977 SUMMIT AVENUE
    ST PAUL,MN55105
    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.........................bullet  
    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
    3,958,110
    b
    Average of monthly cash balances.......................
    1b
    78,580
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,036,690
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,036,690
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    60,550
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    3,976,140
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    198,807
    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
    198,807
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,638
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,638
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    196,169
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    196,169
    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
    196,169
    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
    200,558
    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
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    200,558
    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
    200,558
    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 7 196,169
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 189,786
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 0
    b From 2016...... 0
    c From 2017...... 0
    d From 2018...... 0
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 200,558
    a Applied to 2019, but not more than line 2a 189,786
    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..... 10,772
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		185,397
    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 ......     		0
    10 Analysis of line 9:
    a Excess from 2016.... 0
    b Excess from 2017.... 0
    c Excess from 2018.... 0
    d Excess from 2019.... 0
    e Excess from 2020.... 0
    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).)
    DR DAVID H OLSON
    KAREN B OLSON
    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
    CONCORDIA UNIVERSITY
    1282 CONCORDIA AVENUE
    ST PAUL,MN55104     		NONE PC GENERAL PURPOSE 5,000
    FRIENDS OF THE ST PAUL LIBRARY
    1080 MONTREAL AVENUE SUITE 2
    ST PAUL,MN55116     		NONE PC GENERAL PURPOSE 15,000
    ST PAUL CHAMBER ORCHESTRA
    408 ST PETER STREET 3RD FLOOR
    ST PAUL,MN55102     		NONE PC GENERAL PURPOSE 10,000
    TWIN CITIES PUBLIC TELEVISION (TPT)
    172 EAST 4TH STREET
    ST PAUL,MN55101     		NONE PC GENERAL PURPOSE 5,000
    MINNESOTA ORCHESTRAL ASSOCIATION
    SDS 12-0458
    MINNEAPOLIS,MN55486     		NONE PC GENERAL OPERATING 5,000
    SECOND HARVEST HEARTLAND
    PO BOX 64051
    ST PAUL,MN55164     		NONE PC GENERAL OPERATING 10,000
    GUTHRIE THEATER FOUNDATION
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		NONE PC GENERAL OPERATING 5,000
    HABITAT FOR HUMANITY- ST PAUL
    1954 UNIVERSITY AVENUE NORTH
    ST PAUL,MN55104     		NONE PC GENERAL OPERATING 105,000
    IMMIGRANT LAW CENTER
    450 NORTH SYNDICATE STREET 200
    ST PAUL,MN55104     		NONE PC GENERAL OPERATING 5,000
    LUTHERAN SOCIAL SERVICE OF MINNESOTA
    SDS 12-2054
    MINNEAPOLIS,MN55486     		NONE PC GENERAL OPERATING 5,000
    UJAMAA PLACE
    1885 UNIVERSITY AVE W SUITE 355
    ST PAUL,MN55104     		NONE PC GENERAL SUPPORT 5,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		NONE PC GENERAL SUPPORT 10,000
    PLANNED PARENTHOOD - ST PAUL
    671 VANDALIA STREET
    ST PAUL,MN55114     		NONE PC GENERAL PURPOSE 10,000
    Total .................................bullet 3a 195,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 73,303  
    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 ............     		    18 152,044  
    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)..   225,347  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    225,347
    (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:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 1,500     1,500

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    464288513 ISHARES IBOXX HIGH Y    
    258620103 DOUBLELINE TOTAL RET 314,768 317,332
    277923728 EATON VANCE GLOBAL M 80,953 79,451
    31420B300 FEDERATED INST HI YL 142,798 149,534
    63872T620 LOOMIS SAYLES STRATE    
    48132C5U3 JPM 24M SPX 1.5X LBR 200,000 222,080

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    G29183103 EATON CORP PLC 3,163 4,685
    34407D109 FLY LEASING LTD A D 6,644 4,955
    216648402 COOPER COS INC 5,442 10,900
    750236101 RADIAN GROUP INC 2,658 2,916
    29977A105 EVERCORE PARTNERS IN 3,184 5,153
    682189105 ON SEMICONDUCTOR COR 1,576 2,586
    036752103 ANTHEM INC 1,573 3,532
    46625H100 J P MORGAN CHASE CO 7,155 12,834
    09739D100 BOISE CASCADE CO 1,532 2,103
    172967424 CITIGROUP INC 1,501 2,096
    02079K305 ALPHABET INC CL A 6,641 14,021
    02079K107 ALPHABET INC CL C 2,178 5,256
    86562M209 SUMITOMO MITSUI FINL 15,726 13,401
    388689101 GRAPHIC PACKAGING HL 1,506 1,914
    609839105 MONOLITHIC POWER SYS 5,541 15,748
    12008R107 BUILDERS FIRSTSOURCE 1,420 3,755
    402635304 GULFPORT ENERGY CORP 1,513 2
    149498107 CAUSEWAY EMERGING MA 79,049 105,173
    037833100 APPLE INC 5,457 16,984
    48123V102 J2 GLOBAL INC 3,121 4,689
    64122Q465 NEUBERGER BERMAN GRE 20,992 21,502
    74254V273 PRINCIPAL GL R E SEC 72,942 76,768
    579780206 MCCORMICK CO NON VTG 5,065 9,751
    126650100 CVS HEALTH CORPORATI    
    053611109 AVERY DENNISON CORP    
    067901108 BARRICK GOLD CORP 1,519 2,187
    771195104 ROCHE HOLDINGS LTD S 16,064 20,912
    03835L108 APTEVO THERAPEUTICS    
    922908728 VANGUARD TOTAL STOCK 462,303 857,518
    779919109 T ROWE PRICE REAL ES 134,796 79,384
    06828M876 BARON EMERGING MARKE 74,517 107,996
    478160104 JOHNSON JOHNSON 4,033 6,295
    670690510 NUVEEN GLOBAL INFRAS 60,421 63,296
    717081103 PFIZER INC 1,441 1,583
    171340102 CHURCH AND DWIGHT CO 6,609 10,642
    68389X105 ORACLE CORPORATION 3,013 4,528
    302520101 FNB CORP 3,124 3,154
    23636T100 DANONE SPONS A D R 5,668 5,528
    90333L201 U.S. CONCRETE INC    
    H1467J104 CHUBB LTD 1,434 2,309
    G25839104 COCA COLA EUROREAN P    
    020002101 ALLSTATE CORP    
    101137107 BOSTON SCIENTIFIC CO 2,000 3,847
    871607107 SYNOPSYS INC 2,889 15,295
    670100205 NOVO NORDISK AS A D 3,070 3,702
    592688105 METTLER-TOLEDO INTL 5,866 12,536
    302445101 FLIR SYSTEMS INC    
    78467J100 SS&C TECHNOLOGIES HO 1,579 2,037
    247361702 DELTA AIR LINES INC    
    46434G103 ISHARES CORE MSCI EM 74,982 98,023
    48268K101 KT CORP SP A D R 11,387 8,764
    92343X100 VERINT SYS INC COM 1,521 2,418
    754730109 RAYMOND JAMES FINL I 9,648 12,533
    G5876H105 MARVELL TECHNOLOGY G 1,992 4,659
    83175M205 SMITH NEPHEW P L C    
    33829M101 FIVE BELOW    
    254709108 DISCOVER FINL SVCS    
    269246401 E TRADE FINANCIAL CO    
    756255204 RECKITT BENCKISER SP 1,620 1,450
    17133Q502 CHUNGHWA TELECOM CO 2,302 2,935
    387328107 GRANITE CONSTRUCTION    
    267475101 DYCOM INDUSTRIES INC 3,637 3,776
    97650W108 WINTRUST FINANCIAL C 3,148 4,093
    87612E106 TARGET CORP 6,176 14,652
    882681109 TEXAS ROADHOUSE INC    
    071813109 BAXTER INTERNATIONAL    
    447011107 HUNTSMAN CORP    
    235851102 DANAHER CORP 5,514 13,106
    949746101 WELLS FARGO CO    
    761152107 RESMED INC 4,845 11,478
    060505104 BANK OF AMERICA CORP 2,691 5,729
    30303M102 FACEBOOK INC A 5,928 9,014
    70509V100 PEBBLEBROOK HOTEL TR 3,004 1,805
    001744101 AMN HEALTHCARE SERVI 1,479 3,481
    64111Q104 NETGEAR INC RESTR    
    09062X103 BIOGEN, INC 4,716 3,673
    00687A107 ADIDAS AG A D R 1,981 3,843
    037598109 APOGEE ENTERPRISES I 1,569 1,045
    G4388N106 HELEN OF TROY LTD 1,081 2,444
    526107107 LENNOX INTERNATIONAL 5,262 8,767
    23304Y100 DBS GROUP HLDGS LTD 3,359 3,270
    159864107 CHARLES RIV LABORATO 4,382 9,745
    868459108 SUPERNUS PHARMACEUTI 3,094 2,239
    539439109 LLOYDS BANKING GROUP 1,957 1,062
    73278L105 POOL CORPORATION 4,814 14,900
    238337109 DAVE & BUSTERS ENTMT    
    456463108 INDUSTRIAS BACHOCO S 6,155 5,013
    46432F842 ISHARES CORE MSCI EA 130,025 154,002
    114340102 BROOKS AUTOMATION IN    
    45824V209 INSYS THERAPEUTICS I    
    691497309 OXFORD INDUSTRIES IN    
    66987V109 NOVARTIS AG A D R 14,014 15,298
    92932M101 WNS HOLDINGS LTD ADR 2,866 5,116
    57636Q104 MASTERCARD INC 3,710 13,921
    50189K103 LCI INDUSTRIES 2,264 2,464
    705015105 PEARSON P L C A D R 4,113 2,240
    G3922B107 GENPACT LIMITED    
    33616C100 FIRST REPUBLIC BANK 8,353 13,077
    04623U102 ASTELLAS PHARMA INC 3,471 3,937
    742718109 PROCTER GAMBLE CO    
    172908105 CINTAS CORP 2,777 10,957
    548661107 LOWES CO INC 1,361 2,889
    686688102 ORMAT TECHNOLOGIES I    
    693656100 PVH CORP    
    29275Y102 ENERSYS 1,524 1,910
    574599106 MASCO CORP    
    426281101 JACK HENRY ASSOCIATE 2,971 3,564
    737446104 POST HOLDINGS INC 7,350 9,293
    81369Y209 HEALTH CARE SELECT S 29,029 46,284
    G0408V102 AON PLC    
    226718104 CRITEO SA SPON A D R 7,177 5,271
    46090E103 INVESCO QQQ TRUST ET 117,779 345,114
    125523100 CIGNA CORP 3,239 4,372
    217204106 COPART INC COM 7,592 15,270
    911271302 UNITED OVERSEAS BK L 1,556 1,196
    653656108 NICE SYS LTD SPONSOR 9,752 23,817
    87265H109 TRI POINTE GROUP INC 1,403 2,122
    918204108 V F CORP    
    007924103 AEGON N V NY REG SHR 5,276 3,437
    166764100 CHEVRON CORPORATION 1,361 591
    20825C104 CONOCOPHILLIPS 4,562 3,119
    00191U102 ASGN INC 3,186 4,009
    315405100 FERRO CORPORATION 3,009 2,370
    513272104 LAMB WESTON HOLDING 9,837 12,835
    679580100 OLD DOMINION FGHT LI    
    09857L108 BOOKING HOLDINGS INC    
    122017106 BURLINGTON STORES IN 7,577 12,031
    576323109 MASTEC INC 3,081 4,159
    69832A205 PANASONIC CORP A D R 1,509 1,112
    025816109 AMERICAN EXPRESS CO    
    131193104 CALLAWAY GOLF CO 1,519 2,257
    13123X102 CALLON PETE CO DEL    
    026874784 AMERICAN INTERNATION 3,975 2,802
    71646E100 PETRO CHINA COMPANY    
    528877103 LEXINFINTECH HLDGS L    
    31188H101 FAST RETAILING CO UN    
    431571108 HILLENBRAND INC 3,564 4,537
    05508R106 B & G FOODS INC NEW    
    92937A102 WPP PLC SPONSORED A    
    83088M102 SKYWORKS SOLUTIONS I 9,550 18,346
    41068X100 HANNON ARMSTRONG SUS 3,017 6,026
    G5480U120 LIBERTY GLOBAL PLC S 1,531 1,443
    40416M105 HD SUPPLY HOLDINGS I    
    049164205 ATLAS AIR INC 2,754 3,327
    073685109 BEACON ROOFING SUPPL 1,529 1,648
    98419M100 XYLEM INC    
    907818108 UNION PACIFIC CORP 1,828 2,290
    989207105 ZEBRA TECHNOLOGIES C 9,214 17,295
    45337C102 INCYTE GENOMICS INC 3,136 3,218
    88870R102 TIVITY HEALTH INC    
    775711104 ROLLINS INC    
    770323103 ROBERT HALF INTL INC    
    04206A101 ARLO TECHNOLOGIES IN 576 460
    20441B407 COMPANHIA PARANAENSE 2,734 3,146
    12626K203 CRH PLC ADR 2,112 2,768
    902104108 II-VI INC    
    H01301128 ALCON INC    
    576485205 MATADOR RESOURCES CO 1,563 1,013
    92886T201 VONAGE HLDGS CORP 1,659 2,099
    67077M108 NUTRIEN LTD    
    23355L106 DXC TECHNOLOGY CO    
    254543101 DIODES INC 11,674 17,343
    29362U104 ENTEGRIS INC 1,699 4,325
    87305R109 TTM TECHNOLOGIES 3,069 3,849
    260003108 DOVER CORP 1,671 2,146
    05577E101 B T GROUP P L C A D    
    29786A106 ETSY INC 5,659 17,435
    655044105 NOBLE ENERGY INC    
    260557103 DOW INC    
    53814L108 LIVENT CORP 206 301
    76169B102 REXNORD CORP 3,056 4,265
    29084Q100 EMCOR GROUP INC 3,415 4,299
    69007J106 OUTFRONT MEDIA INC 2,457 1,878
    89832Q109 TRUIST FINL CORP 4,779 6,423
    002535300 AARONS INC    
    702149105 PARTY CITY HOLDCO IN 1,531 787
    75524B104 RBC BEARINGS INC    
    902494103 TYSON FOODS INC CL A    
    736508847 PORTLAND GENERAL ELE 3,546 3,122
    29274F104 ENERSIS SA SPONSORED    
    896239100 TRIMBLE NAV LTD COM 4,900 7,478
    87166B102 SYNEOS HEALTH INC 3,080 4,020
    74347M108 PROPETRO HLDG CORP 1,556 606
    404280406 HSBC HOLDINGS PLC SP 3,133 1,969
    151290889 CEMEX S A - SPON ADR 1,719 2,084
    450828108 I B E R I A B A N K    
    095229100 BLUCORA INC 3,103 2,896
    49338L103 KEYSIGHT TECHNOLOGIE 9,671 15,058
    02156K103 ALTICE USA INC A    
    204166102 COMMVAULT SYSTEMS IN 2,145 2,492
    690742101 OWENS CORNING INC 1,643 2,273
    G5960L103 MEDTRONIC PLC 3,305 3,983
    89417E109 TRAVELERS COS INC    
    57776J100 MAXLINEAR INC CLASS    
    G96629103 WILLIS TOWERS WATSON    
    G6564A105 NOMAD FOODS LTD 3,041 3,788
    31816Q101 FIREEYE INC 3,028 4,451
    844741108 SOUTHWEST AIRLINES C    
    053332102 AUTOZONE INC COM W/R 2,175 2,371
    29476L107 EQUITY RESIDENTIAL 2,125 1,660
    747798106 QUDIAN INC SPON A D 1,884 338
    537008104 LITTELFUSE INC    
    44930G107 ICU MEDICAL INC 3,421 3,432
    06738E204 BARCLAYS PLC A D R 1,953 2,053
    50050N103 KONTOOR BRANDS INC W 194 243
    22052L104 CORTEVA INC    
    31502A303 FERGUSON NEWCO PLC A 3,356 5,764
    171779309 CIENA CORPORATION NE 14,425 15,274
    136385101 CANADIAN NATURAL RES    
    444097109 HUDSON PACIFIC PROPE 3,215 2,786
    G8473T100 STERIS PLC 7,049 13,078
    74758T303 QUALYS INC 9,084 13,162
    35137L105 FOX CORP CLASS A W I    
    N6596X109 NXP SEMICONDUCTORS N 1,512 2,544
    589378108 MERCURY COMPUTER SYS    
    N72482123 QIAGEN N V    
    749397105 R1 RCM INC 2,593 5,140
    98310W108 WYNDHAM WORLDWIDE CO    
    127190304 CACI INTERNATIONAL I 3,264 4,239
    24665A103 DELEK HOLDCO INC 1,557 675
    Y2065G121 DHT HOLDINGS INC    
    N96617118 WRIGHT MEDICAL GROUP    
    15135B101 CENTENE CORP COM 4,377 4,622
    78463M107 SPS COMMERCE INC 3,025 5,538
    20441A102 CIA SANEAMENTO BASIC    
    G0751N103 ATLANTICA YIELD PLC 1,445 2,507
    606822104 MITSUBISHI UFJ FINL    
    12541W209 C H ROBINSON WORLDWI 1,587 1,784
    45167R104 IDEX CORP 10,104 11,952
    723787107 PIONEER NAT RES CO    
    G50871105 JAZZ PHARMACEUTICALS    
    436893200 HOME BANCSHARES INC    
    M8737E108 TARO PHARMACEUTICAL 3,046 2,423
    485170302 KANSAS CITY SOUTHERN 4,349 5,716
    64049M209 NEOGENOMICS INC 3,000 5,976
    26614N102 DUPONT DE NEMOURS IN 2,313 2,204
    368736104 GENERAC HOLDINGS INC 3,533 13,645
    05969B103 BANCO SANTANDER MEXI 1,534 1,030
    65336K103 NEXSTAR BROADCASTING 1,553 1,856
    34959J108 FORTIVE CORP WI    
    780259206 ROYAL DUTCH SHELL PL 3,509 1,862
    70432V102 PAYCOM SOFTWARE INC 7,653 18,090
    670704105 NUVASIVE INC 1,575 1,521
    575385109 MASONITE INTERNATION 1,549 2,655
    594918104 MICROSOFT CORP 3,624 5,116
    302491303 F M C CORPORATION 1,375 2,069
    23331A109 D R HORTON INC 4,986 8,133
    589889104 MERIT MEDICAL SYSTEM 3,125 3,386
    872307103 TCF FINANCIAL CORP 1,552 1,777
    42226A107 HEALTHEQUITY INC 3,024 2,998
    92857F107 VOCERA COMMUNICATION 2,195 3,032
    G46188101 HORIZON THERAPEUTICS 6,232 9,144
    91324P102 UNITED HEALTH GROUP 1,951 2,805
    22822V101 CROWN CASTLE INTL CO 5,753 6,049
    921659108 VANDA PHARMACEUTICAL    
    20440W105 COMPANHIA SIDERURGIC    
    609207105 MONDELEZ INTERNATION    
    62942M201 NTT DOCOMO INC A D R 8,869 11,769
    521865204 LEAR CORP 1,532 2,067
    98956P102 ZIMMER BIOMET HOLDIN 4,419 5,239
    61174X109 MONSTER BEVERAGE COR 3,953 4,532
    496902404 KINROSS GOLD CORP 1,487 1,240
    372303206 GENMAB A S SP A D R 1,523 1,748
    82706C108 SILICON MOTION TECHN 7,724 8,956
    006754204 ADECCO SA A D R 1,548 1,896
    640491106 NEOGEN CORP 2,166 2,141
    654445303 NINTENDO CO LTD UNSP 8,412 11,273
    500472303 KONINKLIJKE PHILIPS 16,781 17,930
    043436104 ASBURY AUTOMOTIVE GR 3,214 4,664
    00287Y109 ABBVIE INC 3,779 4,072
    90984P303 UNITED COMMUNITY BAN 1,593 2,417
    957638109 WESTERN ALLIANCE BAN 1,928 3,237
    244199105 DEERE CO. 2,571 4,036
    494368103 KIMBERLY CLARK CORP 1,589 1,483
    872540109 TJX COMPANIES INC 2,489 3,278
    225401108 CREDIT SUISSE GROUP 1,498 1,792
    44109J106 HOSTESS BRANDS INC 1,751 2,137
    876030107 TAPESTRY INC 1,536 2,953
    13123X508 CALLON PETROLEUM COM 4,481 566
    92556V106 VIATRIS INC 74 94
    14448C104 CARRIER GLOBAL CORPO 5,752 8,336
    G06242104 ATLASSIAN CORP PLC C 3,997 5,379
    320517105 FIRST HORIZON NATION 1,548 1,225
    03076K108 AMERIS BANCORP 1,583 2,741
    320867104 FIRST MIDWEST BANCOR 1,589 1,926
    866674104 SUN CMNTYS INC 9,336 10,333
    91913Y100 VALERO ENERGY CORP 1,523 1,867
    654624105 NIPPON TELEGRAPH TEL 7,028 7,479
    58155Q103 MCKESSON CORPORATION 1,665 1,913
    380237107 GODADDY INC CLASS A 1,494 1,659
    039653100 ARCOSA INC 2,318 2,966
    15189T107 CENTERPOINT ENERGY I 1,529 1,688
    501889208 LKQ CORP 1,539 1,692
    743315103 PROGRESSIVE CORP 2,827 3,263
    939653101 WASHINGTON REAL ESTA 1,450 1,579
    25985W105 DOUYU INTERNATIONAL 1,594 1,139
    92220P105 VARIAN MED SYS INC C 6,955 9,626
    828730200 SIMMONS 1ST NATIONAL 1,595 2,051
    30050B101 EVOLENT HEALTH INC A 1,605 2,966
    294821608 ERICSSON LM TEL SP A 4,354 4,971
    92857W308 VODAFONE GROUP PLC A 1,526 1,566
    086516101 BEST BUY CO INC 2,992 3,393
    654902204 NOKIA CORP SPSD A D 14,282 12,735
    861012102 STMICROELECTRONICS N 4,324 5,494
    34959E109 FORTINET INC 8,903 10,397
    91336L107 UNIVAR INC 1,518 1,673
    98462Y100 YAMANA GOLD INC 1,495 1,553
    056752108 BAIDU COM INC A D R 5,694 9,947
    142339100 CARLISLE COS INC 3,001 3,905
    595112103 MICRON TECHNOLOGY IN 1,952 2,932
    969904101 WILLIAMS SONOMA INC 11,080 13,443
    808513105 SCHWAB CHARLES CORP 1,547 2,334
    038222105 APPLIED MATERIALS IN 5,069 7,077
    855244109 STARBUCKS CORP 4,295 6,098
    512807108 LAM RESEARCH CORP 2,044 2,834
    608190104 MOHAWK INDS INC CO 1,528 2,255
    827048109 SILGAN HLDGS INC 1,529 1,669
    911363109 UNITED RENTALS INC C 5,864 8,581
    410120109 HANCOCK HLDG CO 1,592 2,790
    955306105 WEST PHARMACEUTICAL 9,324 11,049
    03073E105 AMERISOURCEBERGEN CO 1,618 1,564
    29272W109 ENERGIZER HLDGS INC 3,249 2,742
    03835L207 APTEVO THERAPEUTICS 53 37
    695127100 PACIRA PHARMACEUTICA 1,922 1,975
    651639106 NEWMONT MINING CORP 1,543 1,497
    526057104 LENNAR CORP CL A 1,553 1,753
    482480100 KLA TENCOR CORPORATI 1,570 2,071
    529043101 LEXINGTON REALTY TRU 1,522 1,529
    50212V100 LPL FINANCIAL HOLDIN 2,656 3,543
    36118L106 FUTU HOLDINGS LTD A 1,490 2,242
    646025106 NEW JERSEY RESOURCES 1,499 1,884
    958102105 WESTERN DIGITAL CORP 1,563 1,994
    64125C109 NEUROCRINE BIOSCIENC 8,428 8,147
    689648103 OTTER TAIL CORP 1,549 1,662
    16941M109 CHINA MOBILE LIMITED 1,885 1,570
    099502106 BOOZ ALLEN HAMILTON 10,627 12,728

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    63873P817 LOOMIS SAYLES STRATE AT COST 39,581 41,527
    057071854 BAIRD AGGREGATE BOND AT COST 320,000 317,037

    TY 2020 OtherAssetsSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME   0 0
    000000000 MISCELLANEOUS ENTRY 2,648 1,507 1,507


    TY 2020 OtherDecreasesSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Description Amount
    PY ROC ADJUSTMENT 414
    CROWN CASTLE ROC ADJ 15
    B & G FOOD 85
    HANNON ARMSTRONG ROC ADJ 32
    OUTFRONT MEDIA INC ROC ADJ 11
    ATLANTICA YIELD PLC ROC ADJ 395


    TY 2020 OtherExpensesSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER MISC EXPENSES 329 0   329
    STATE FILING FEE/TAX 50 0   50
    ADR FEES 291 291   0


    TY 2020 OtherIncreasesSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Description Amount
    COST BASIS ADJ 292


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER EXPENSE (NON-DEDUCTIBLE 36,790 33,111   3,679


    TY 2020 TaxesSchedule
    Name:
    DR DAVID & KAREN OLSON FAMILY FOUNDATION
    EIN:
    46-4203595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,414 1,414   0
    FEDERAL TAX PAYMENT - PRIOR YE 16 0   0
    FEDERAL ESTIMATES - PRINCIPAL 1,760 0   0
    FOREIGN TAXES ON NONQUALIFIED 255 255   0