-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
20
Open to Public Inspection
For calendar year 2020, or tax year beginning
01-01-2020
, and ending
12-31-2020
Name of foundation
PIPER SANDLER FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
800 NICOLLET MALL SUITE 900
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS
,
MN
55402
A Employer identification number
41-1734808
B
Telephone number (see instructions)
(612) 303-0447
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
614,237
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2,113,695
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
3,225
3,225
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
b
Gross sales price for all assets on line 6a
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
2,116,920
3,225
0
13
Compensation of officers, directors, trustees, etc.
0
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
683
683
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
683
683
0
0
25
Contributions, gifts, grants paid
.......
2,398,159
2,398,159
26
Total expenses and disbursements.
Add lines 24 and 25
2,398,842
683
0
2,398,159
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-281,922
b
Net investment income
(if negative, enter -0-)
2,542
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
896,159
614,237
614,237
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
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)
.......
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
896,159
614,237
614,237
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
896,159
614,237
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
896,159
614,237
30
Total liabilities and net assets/fund balances
(see instructions)
.
896,159
614,237
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
896,159
2
Enter amount from Part I, line 27a
.....................
2
-281,922
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
614,237
5
Decreases not included in line 2 (itemize)
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
614,237
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.)
1a
b
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
b
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
b
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
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
...................
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
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
Reserved
................................
1
35
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
35
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
35
6
Credits/Payments:
a
2020 estimated tax payments and 2019 overpayment credited to 2020
6a
0
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
350
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
350
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
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
315
11
Enter the amount of line 10 to be:
Credited to 2021 estimated tax
315
Refunded
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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
Yes
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)
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 address
WWW.PIPERSANDLER.COM
14
The books are in care of
GREGORY MEYER
Telephone no.
(612) 303-0447
Located at
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
MN
ZIP+4
55402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
TIMOTHY L CARTER
CFO/TREASURER
2.15
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
CHAD ABRAHAM
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
FRANK E FAIRMAN
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
MATTHEW S HEMSLEY
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
THOMAS P SCHNETTLER
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
VICTORIA BEARD
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
MAY DELLA PIETRA
DIRECTOR
1.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
DEBBRA L SCHONEMAN
PRESIDENT
3.00
0
0
0
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
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
...................
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
.............
0
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
.........................
0
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
0
b
Average of monthly cash balances
.......................
1b
1,125,294
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
1,125,294
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
1,125,294
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
16,879
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
1,108,415
6
Minimum investment return.
Enter 5% of line 5
..................
6
55,421
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
55,421
2a
Tax on investment income for 2020 from Part VI, line 5
......
2a
35
b
Income tax for 2020. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
35
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
55,386
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
55,386
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
55,386
Part XII
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
2,398,159
b
Program-related investments—total from Part IX-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
2,398,159
5
Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
income. Enter 1% of Part I, line 27b. See instructions
.................
5
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
2,398,159
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
55,386
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
......
1,331,759
b
From 2016
......
1,642,901
c
From 2017
......
2,016,791
d
From 2018
......
1,841,542
e
From 2019
......
1,810,704
f
Total
of lines 3a through e
........
8,643,697
4
Qualifying distributions for 2020 from Part
XII, line 4:
$
2,398,159
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
.....
55,386
e
Remaining amount distributed out of corpus
2,342,773
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).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
10,986,470
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)
...
1,331,759
9
Excess distributions carryover to 2021.
Subtract lines 7 and 8 from line 6a
......
9,654,711
10
Analysis of line 9:
a
Excess from 2016
....
1,642,901
b
Excess from 2017
....
2,016,791
c
Excess from 2018
....
1,841,542
d
Excess from 2019
....
1,810,704
e
Excess from 2020
....
2,342,773
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
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PIPER SANDLER COMMUNITY RELATIONS
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
(612) 303-0447
b
The form in which applications should be submitted and information and materials they should include:
PIPER SANDLER COMMUNITY RELATIONS ALL REQUESTS FOR FUNDING SHOULD BEGIN WITH A COMPLETE PIPER SANDLER GRANT APPLICATION AVAILABLE AT PIPERSANDLER.COM. THE APPLICATION INCLUDES A COMPLETE LIST OF REQUIRED SUPPORTING MATERIALS.
c
Any submission deadlines:
PIPER SANDLER COMMUNITY RELATIONS THE APPLICATION CYCLE IS JANUARY 1 THROUGH MARCH 15
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
PIPER SANDLER COMMUNITY RELATIONS PIPER SANDLER CORPORATION GIVING WILL NOT FUND: 1. ORGANIZATIONS THAT ARE NOT TAX-EXEMPT UNDER IRS CODE SECTION 501(C)(3) OR EQUIVALENT 2. ORGANIZATIONS THAT DO NOT SERVE COMMUNITIES WHERE PIPER SANDLER HAS A BUSINESS PRESENCE 3. INDIVIDUALS OR GROUPS SEEKING SUPPORT FOR PLANNING, PERSONAL NEEDS OR TRAVEL 4. PUBLIC SERVICE OR POLITICAL CAMPAIGNS 5. LOBBYING, POLITICAL OR FRATERNAL ACTIVITIES 6. ORGANIZATIONS RECEIVING PRIMARY FUNDING FROM UNITED WAY 7. ATHLETIC OR PAGEANT SCHOLARSHIPS 8. RELIGIOUS ACTIVITIES OR RELIGIOUS PURPOSES 9. PUBLICATIONS, AUDIO-VISUAL PIPER SANDLER WILL CONSIDER REPEAT GRANTS FOR UP TO THREE CONSECUTIVE YEARS.
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)
a
Paid during the year
ARIZONA COUNCIL ON ECONOMIC EDUCATION
16421 N TATUM BLVD SUITE 123
SCOTTSDALE
,
AZ
85032
PC
REGIONAL GIVING
30,000
CHINQUAPIN PREPARATORY SCHOOL
2615 E WALLISVILLE ROAD
HIGHLANDS
,
TX
77562
PC
REGIONAL GIVING
25,000
CRISTO REY NETWORK
11 EAST ADAMS STREET SUITE 800
CHICAGO
,
IL
60603
PC
REGIONAL GIVING
30,000
CRISTO REY NEW YORK HIGH SCHOOLS
112 EAST 106TH STREET
NEW YORK
,
NY
10029
PC
REGIONAL GIVING
25,000
POSSE FOUNDATION (THE)
1001 MCKINNEY ST
HOUSTON
,
TX
77051
PC
REGIONAL GIVING
25,000
RIGHT MOVES FOR YOUTH
2211 WEST MOREHEAD STREET
CHARLOTTE
,
NC
28208
PC
REGIONAL GIVING
20,000
STUDENTS CONNECTING THROUGH INTERNATIONAL SERVICE
4431 ZENITH AVENUE NORTH
ROBBINSDALE
,
MN
55422
PC
BOARD LEADER PROGRAM
4,000
CORNERSTONE CHRISTIAN ACADEMY
5295 TRIANGLE PARKWAY
PEACHTREE CORNERS
,
GA
300922537
PC
BOARD LEADER PROGRAM
4,000
TWIN CITIES PBS
172 EAST FOURTH STREET
ST PAUL
,
MN
55101
PC
BOARD LEADER PROGRAM
4,000
HOURCAR
755 PRIOR AVENUE NORTH SUITE 301D
ST PAUL
,
MN
55104
PC
BOARD LEADER PROGRAM
4,000
WORLD PEDIATRIC PROJECT
755 SOUTH NEW BALLAS ROAD SUITE 140
ST LOUIS
,
MO
63141
PC
BOARD LEADER PROGRAM
4,000
DEFEAT OF JESSE JAMES DAYS COMMITTEE INC
PO BOX 23
NORTHFIELD
,
MN
55057
PC
BOARD LEADER PROGRAM
4,000
MENTOR IOWA
3900 INGERSALL AVENUE SUITE 102
DES MOINES
,
IA
50312
PC
BOARD LEADER PROGRAM
4,000
PLAYWRIGHTS' CENTER
2301 E FRANKLIN AVENUE
MINNEAPOLIS
,
MN
55406
PC
BOARD LEADER PROGRAM
4,000
STREETWISE PARTNERS
222 BROADWAY 19TH FLOOR
NEW YORK
,
NY
10038
PC
BOARD LEADER PROGRAM
4,000
JTA-MJL NEW CORP
24 WEST 30TH STREET 4TH FLOOR
NEW YOK
,
NY
10001
PC
BOARD LEADER PROGRAM
1,000
NEW JERSEY SEEDS
494 BROAD STREET SUITE 105
NEWARK
,
NJ
07102
PC
BOARD LEADER PROGRAM
1,000
CLARA MAASS MEDICAL CENTER FOUNDATION
ONE CLARA MAASS DRIVE
BELLEVILLE
,
NJ
07109
PC
BOARD LEADER PROGRAM
1,000
KIPP NEW JERSEY
60 PARK PLACE SUITE 802
NEWARK
,
NJ
07102
PC
BOARD LEADER PROGRAM
1,000
ORT AMERICA OHIO REGION
24100 CHAGRIN SUITE 300
BEACHWOOD
,
OH
44122
PC
BOARD LEADER PROGRAM
4,000
KIPP CHARLOTTE
931 WILANN DRIVE
CHARLOTTE
,
NC
28215
PC
BOARD LEADER PROGRAM
2,000
DOMESTIC ABUSE PROJECT DAP
204 WEST FRANKLIN AVENUE
MINNEAPOLIS
,
MN
55404
PC
BOARD LEADER PROGRAM
4,000
PHI BETA KAPPA ALUMNI ASSOCIATION OF GREATER HOUSTON
PO BOX 25283
HOUSTON
,
TX
77265
PC
BOARD LEADER PROGRAM
4,000
CHILDREN'S THEATRE COMPANY
2400 3RD AVENUE SOUTH
MINNEAPOLIS
,
MN
55404
PC
BOARD LEADER PROGRAM
4,000
COLLEGE POSSIBLE
540 FAIRVIEW AVE NORTH
ST PAUL
,
MN
55104
PC
BOARD LEADER PROGRAM
4,000
THE NATURE CONSERVANCY IN MN-ND-SD
1101 WEST RIVER PARKWAY
MINNEAPOLIS
,
MN
55415
PC
BOARD LEADER PROGRAM
4,000
ALLINA HEALTH
2925 CHICAGO AVENUE S
MINNEAPOLIS
,
MN
55407
PC
BOARD LEADER PROGRAM
4,000
ANDREAS H BECHTLER ARTS FOUNDATION
420 S TYRON STREET
CHARLOTTE
,
NC
28202
PC
BOARD LEADER PROGRAM
4,000
CARLSON SCHOOL OF MANAGEMENT
UNIVERSITY OF MINNESOTA 321 19TH
AVENUE S
MINNEAPOLIS
,
MN
55455
PC
BOARD LEADER PROGRAM
3,000
CATHOLIC CHARITIES OF MINNEAPOLIS AND ST PAUL
1200 SECOND AVENUE SOUTH
MINNEAPOLIS
,
MN
55403
PC
BOARD LEADER PROGRAM
4,000
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST
1745 UNIVERSITY AVENUE W
ST PAUL
,
MN
55104
PC
BOARD LEADER PROGRAM
4,000
LAFAYETTE COLLEGE
700 W PIERCE STREET
EASTON
,
PA
18042
PC
BOARD LEADER PROGRAM
4,000
SPRINGSPIRIT INC
8526 PITNER ROAD
HOUSTON
,
TX
77080
PC
BOARD LEADER PROGRAM
4,000
TWIN CITIES PBS
172 EAST 4TH STREET
ST PAUL
,
MN
55101
PC
BOARD LEADER PROGRAM
4,000
BESTPREP
7100 NORTHLAND CIRCLE N SUITE 120
BROOKLYN PARK
,
MN
55428
PC
BOARD LEADER PROGRAM
4,000
BEYOND WALLS URBAN SQUASH
123 HARVARD ST SE SUITE 144
MINNEAPOLIS
,
MN
55455
PC
BOARD LEADER PROGRAM
4,000
DRAKE UNIVERSITY
2507 UNIVERSITY AVENUE
DES MOINES
,
IA
50311
PC
BOARD LEADER PROGRAM
4,000
EASTMAN MEMORIAL FOUNDATIONLAUREN ROGERS MUSEUM OF ART
565 NORTH FIFTH AVENUE
LAUREL
,
MS
39440
PC
BOARD LEADER PROGRAM
4,000
JOHN THEISSEN CHILDREN'S FOUNDATION
1881 WANTAGH AVENUE
WANTAGH
,
NY
11793
PC
BOARD LEADER PROGRAM
4,000
KID'S CREATIVE 404 INC
2014 5TH AVENUE
NEW YORK
,
NY
10035
PC
BOARD LEADER PROGRAM
4,000
RAW ART WORKS
37 CENTRAL SQUARE
LYNN
,
MA
01901
PC
BOARD LEADER PROGRAM
4,000
SANBE FOUNDATION
3303 33RD AVENUE NE
ST ANTHONY VILLAGE
,
MN
55418
PC
BOARD LEADER PROGRAM
4,000
SCHOLARS OF FINANCE
5353 GAMBLE DRIVE SUITE 320
ST LOUIS PARK
,
MN
55416
PC
BOARD LEADER PROGRAM
4,000
THE POSSE FOUNDATION INC
1001 MCKINNEY STREET SUITE 950
HOUSTON
,
TX
77002
PC
BOARD LEADER PROGRAM
4,000
THE SAINT PAUL CHAMBER ORCHESTRA
408 ST PETER STREET 3RD FLOOR
ST PAUL
,
MN
55102
PC
BOARD LEADER PROGRAM
4,000
UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION
200 OAK STREET SE SUITE 200
MINNEAPOLIS
,
MN
55455
PC
BOARD LEADER PROGRAM
1,000
YMCA OF THE NORTH
NW 5901 PO BOX 1450
MINNEAPOLIS
,
MN
554855901
PC
BOARD LEADER PROGRAM
4,000
GREENWOOD PROJECT
118 N CLINTON STREET SUITE 202
CHICAGO
,
IL
60661
PC
BOARD LEADER PROGRAM
4,000
ROOFTOP FILMS
232 3RD STREET
BROOKLYN
,
NY
11215
PC
BOARD LEADER PROGRAM
4,000
STUYVESANT HIGH SCHOOL PARENTS ASSOCIATION
345 CHAMBERS STREET ROOM 271
NEW YORK
,
NY
10282
PC
BOARD LEADER PROGRAM
4,000
COMPANY DIRECT DONATIONS
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
PC
BOARD LEADER PROGRAM
32,000
COMMUNITY EMERGENCY SERVICE
1900 11TH AVENUE SOUTH
MINNEAPOLIS
,
MN
55404
PC
VOLUNTEER PROGRAM
1,000
18 REASONS
3150 18TH STREET 315
SAN FRANCISCO
,
CA
94110
PC
VOLUNTEER PROGRAM
1,000
NEW COVENANT CENTER
174 RICHMOND HILL AVENUE
STAMFORD
,
CT
06902
PC
VOLUNTEER PROGRAM
1,000
SAFE HANDS RESCUE
3732 10TH AVENUE SOUTH
MINNEAPOLIS
,
MN
55407
PC
VOLUNTEER PROGRAM
1,000
CMC - FOUNDATION FOR CHANGE
519 EIGHTH AVENUE 9TH FLOOR
NEW YORK
,
NY
10018
PC
VOLUNTEER PROGRAM
1,000
WACONIA UNITED FOOD SHELF
11 ELM STREET S
WACONIA
,
MN
55387
PC
VOLUNTEER PROGRAM
1,000
ACBC FOOD SHELF
2615 9TH AVENUE NORTH
ANOKA
,
MN
55303
PC
VOLUNTEER PROGRAM
1,000
LAST HOPE INC
431 3RD STREET UNIT 3
FARMINGTON
,
MN
55024
PC
VOLUNTEER PROGRAM
1,000
SPONSOR A FAMILY MN
PO BOX 582793
MINNEAPOLIS
,
MN
55458
PC
CORPORATE MATCH PAYMENT
750
CONSERVATION MINNESOTA
1101 W RIVER PARKWAY SUITE 250
MINNEAPOLIS
,
MN
55415
PC
CORPORATE MATCH PAYMENT
1,000
CONSTELLATION FUND
323 NORTH WASHINGTON AVENUE 2ND
FLOOR
MINNEAPOLIS
,
MN
55401
PC
CORPORATE MATCH PAYMENT
2,000
GREENWICH ATHLETIC FOUNDATION
PO BOX 1161
GREENWICH
,
CT
06836
PC
CORPORATE MATCH PAYMENT
150
HARVESTERS COMMUNITY FOOD NETWORK
3801 TOPPING AVENUE
KANSAS CITY
,
MO
64129
PC
CORPORATE MATCH PAYMENT
1,000
PETER M LOOSER SCHOLARSHIP FOUNDATION
616 RIDGEWAY
WHITE PLAINS
,
NY
10605
PC
CORPORATE MATCH PAYMENT
5,000
PRESIDENTS AND FELLOWS OF HARVARD COLLEGE
124 MOUNT AUBURN STREET
CAMBRIDGE
,
MA
02138
PC
CORPORATE MATCH PAYMENT
5,000
THE NATURE CONSERVANCY
1101 W RIVER PARKWAY SUITE 200
MINNEAPOLIS
,
MN
55415
PC
CORPORATE MATCH PAYMENT
1,000
THE YES FOUNDATION
PO BOX 2
SAN ANSELMO
,
CA
94979
PC
CORPORATE MATCH PAYMENT
2,000
TRUST FOR PUBLIC LAND
2610 UNIVERSITY AVENUE W SUITE 300
ST PAUL
,
MN
55114
PC
CORPORATE MATCH PAYMENT
1,000
YACHAD NEW ENGLAND
384 HARVARD STREET
BROOKLINE
,
MA
02446
PC
CORPORATE MATCH PAYMENT
2,500
CORPORATE MATCH
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
PC
CORPORATE MATCH PAYMENT
1,194,219
UNIVERSITY OF TEXAS AT AUSTIN
PO BOX 7458
AUSTIN
,
TX
787137458
PC
GIFT MATCHING PAYMENTS
1,000
THE NIGHT MINISTRY
4711 NORTH RAVENWOOD AVENUE
CHICAGO
,
IL
606404407
PC
GIFT MATCHING PAYMENTS
150
THE ERIE COMMUNITY FOUNDATION FOR EMMAUS MINISTRIES
345 E 9TH ST
ERIE
,
PA
16503
PC
GIFT MATCHING PAYMENTS
150
A JUST HARVEST
PO BOX 608033
CHICAGO
,
IL
60626
PC
GIFT MATCHING PAYMENTS
150
OUTER COAST COLLEGE
PO BOX 6573
SITKA
,
AK
99835
PC
GIFT MATCHING PAYMENTS
150
NORTHSIDE ACHIEVEMENT ZONE
2123 W BROADWAY SUITE 100
MINNEAPOLIS
,
MN
55411
PC
GIFT MATCHING PAYMENTS
1,000
MILL CITY COMMONS
125 SE MAIN STREET
MINNEAPOLIS
,
MN
55414
PC
GIFT MATCHING PAYMENTS
500
STUDENT SPONSOR PARTNERS
424 MADISON AVENUE THIRD FLOOR
NEW YOK
,
NY
10017
PC
GIFT MATCHING PAYMENTS
5,000
LAKE STREET COUNCIL
PO BOX 7091
MINNEAPOLIS
,
MN
55407
PC
GIFT MATCHING PAYMENTS
37,500
MERCY SHIPS
PO BOX 2020
GARDEN VALLEY
,
TX
75771
PC
GIFT MATCHING PAYMENTS
500
ALTERNATIVES PREGNANCY CENTER
1006 DECATHLON DRIVE
WATERLOO
,
IA
50701
PC
GIFT MATCHING PAYMENTS
500
ALLIANCE DEFENDING FREEDOM
15100 N 90TH STREET
SCOTTSDALE
,
AZ
85260
PC
GIFT MATCHING PAYMENTS
500
MAYOR'S FUND TO ADVANCE
253 BROADWAY 6TH FLOOR
NEW YORK
,
NY
10007
PC
GIFT MATCHING PAYMENTS
5,000
AUTISM SPEAKS
1121 OLIVETTE EXECUTIVE PARKWAY
ST LOUIS
,
MO
63132
PC
GIFT MATCHING PAYMENTS
2,500
OPTIONS FOR WOMENCORNERSTONE
1000 EAST 80TH STREET
BLOOMINGTON
,
MN
55420
PC
GIFT MATCHING PAYMENTS
600
CRETIN DERHAM HIGH SCHOOL
550 S ALBERT STREET
ST PAUL
,
MN
55116
PC
GIFT MATCHING PAYMENTS
300
FRESH ENERGY
408 ST PETER STREET SUITE 220
ST PAUL
,
MN
55102
PC
GIFT MATCHING PAYMENTS
1,000
FRIENDS OF SOUTH DAKOTA PUBLIC BROADCASTING
PO BOX 5000
BROOKINGS
,
SD
57006
PC
GIFT MATCHING PAYMENTS
75
LITTLE SISTERS OF THE POOR
330 EXCHANGE STREET S
ST PAUL
,
MN
55102
PC
GIFT MATCHING PAYMENTS
100
NYU WINTHROP HOSPITAL
259 FIRST STREET
MINEOLA
,
NY
11501
PC
GIFT MATCHING PAYMENTS
1,000
SESDAC FOUNDATION INC
1314 E CHERRY STREET
VERMILLION
,
SD
57069
PC
GIFT MATCHING PAYMENTS
100
SIOUX COUNCIL BOY SCOUTS OF AMERICA
800 N WEST AVENUE
SIOUX FALLS
,
SD
57104
PC
GIFT MATCHING PAYMENTS
175
THE COMPASS CENTER
1704 S CLEVELAND AVENUE SUITE 3
SIOUX FALLS
,
SD
57103
PC
GIFT MATCHING PAYMENTS
200
THE SALVATION ARMY
PO BOX 131240
ROSEVILLE
,
MN
551130011
PC
GIFT MATCHING PAYMENTS
100
UNION GOSPEL MISSION
PO BOX 64389
ST PAUL
,
MN
551640389
PC
GIFT MATCHING PAYMENTS
100
UNIVERSITY OF MINNESOTA FOUNDATION
200 E OAK STREET SUITE 500
MINNEAPOLIS
,
MN
55455
PC
GIFT MATCHING PAYMENTS
100
UNIVERSITY OF ST THOMAS
2115 SUMMIT AVENUE
ST PAUL
,
MN
55105
PC
GIFT MATCHING PAYMENTS
5,000
VENICE LITTLE THEATRE
140 W TAMPA AVENUE
VENICE
,
FL
34285
PC
GIFT MATCHING PAYMENTS
250
CATHOLIC YOUTH GROUP
19590 520TH LANE
MCGREGOR
,
MN
55769
PC
GIFT MATCHING PAYMENTS
5,000
DUKE UNIVERSITY
PO BOX 90600
DURHAM
,
NC
277080600
PC
GIFT MATCHING PAYMENTS
500
DUNWOODY COLLEGE OF TECHNOLOGY
818 DUNWOODY BOULEVARD
MINNEAPOLIS
,
MN
55403
PC
GIFT MATCHING PAYMENTS
2,000
HAMMER RESIDENCES
1909 WAYZATA BOULEVARD
WAYZATA
,
MN
55391
PC
GIFT MATCHING PAYMENTS
1,000
JAZZ CLUB OF SARASOTA
330 S PINEAPPLE AVENUE SUITE 111
SARASOTA
,
FL
34236
PC
GIFT MATCHING PAYMENTS
250
LAKE STREET COUNCIL
PO BOX 7091
MINNEAPOLIS
,
MN
55407
PC
GIFT MATCHING PAYMENTS
1,250
PROSTATE CANCER FOUNDATION
1250 FOURTH STREET
SANTA MONICA
,
CA
90401
PC
GIFT MATCHING PAYMENTS
5,000
SECOND HARVEST HEARTLAND
1140 GERVAIS AVENUE
ST PAUL
,
MN
55109
PC
GIFT MATCHING PAYMENTS
1,000
SOUTH DAKOTA NEWS WATCH
PO BOX 90205
SIOUX FALLS
,
SD
57109
PC
GIFT MATCHING PAYMENTS
200
SOUTH DAKOTA SYMPHONY
301 S MAIN AVENUE
SIOUX FALLS
,
SD
57104
PC
GIFT MATCHING PAYMENTS
250
ST CLOUD STATE UNIVERSITY FOUNDATION
720 4TH AVENUE SOUTH
ST CLOUD
,
MN
563014498
PC
GIFT MATCHING PAYMENTS
2,000
ST PAUL CHAMBER OF COMMERCE FOUNDATION INC
401 NORTH ROBERT STREET SUITE 150
ST PAUL
,
MN
55101
PC
GIFT MATCHING PAYMENTS
1,250
WASHBURN CENTER FOR CHILDREN
1100 GLENWOOD AVENUE
MINNEAPOLIS
,
MN
55405
PC
GIFT MATCHING PAYMENTS
1,000
INTERFAITH OUTREACH AND COMMUNITY PARTNERS
1605 COUNTY ROAD 101 N
PLYMOUTH
,
MN
55447
PC
GIFT MATCHING PAYMENTS
5,000
GIFT MATCHING
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
PC
GIFT MATCHING PAYMENTS
265,466
CASTLE ROCK COMMUNITY INTER CHURCH TASK FORCE (HELP AND HOPE CENTER)
1638 PARK STREET
CASTLE ROCK
,
CO
80109
PC
GIFT MATCHING PAYMENTS
2,000
AVHS GLAX BOOSTER CLUB
3259 GLENHAVEN AVENUE
APPLE VALLEY
,
MN
55124
PC
GIFT MATCHING PAYMENTS
100
FOOD BANK OF THE ROCKIES
10700 EAST 45TH AVENUE
DENVER
,
CO
80239
PC
GIFT MATCHING PAYMENTS
2,000
PEO FOUNDATION
3700 GRAND AVENUE
DES MOINES
,
IA
50312
PC
GIFT MATCHING PAYMENTS
1,000
HORIZONS GFA
35 BEACHSIDE AVENUE
WESTPORT
,
CT
06880
PC
GIFT MATCHING PAYMENTS
125
RONALD MCDONALD HOUSE NEW YORK
405 EAST 73RD STREET
NEW YORK
,
NY
10021
PC
501(C)(3) PAYMENTS
66,573
GREENWOOD PROJECT (THE)
118 N CLINTON STREET SUITE 202
CHICAGO
,
IL
60661
PC
REGIONAL GIVING
30,000
WALLIN EDUCATION PARTNERS
5200 WILLSON ROAD SUITE 209
MINNEAPOLIS
,
MN
55424
PC
HEADQUARTER GIVING
17,250
BESTPREP
7100 NORTHLAND CIRCLE NORTH SUITE
120
BROOKLYN PARK
,
MN
55428
PC
HEADQUARTER GIVING
30,000
CATHOLIC CHARITIES
1200 SECOND AVENUE SOUTH
MINNEAPOLIS
,
MN
55403
PC
HEADQUARTER GIVING
30,000
COLLEGE POSSIBLE
540 FAIRVIEW AVE NORTH
ST PAUL
,
MN
55104
PC
HEADQUARTER GIVING
30,000
MINNESOTA COUNCIL ON ECONOMIC EDUCATION (MCEE)
1994 BUFORD AVENUE 116 RUTTAN HALL
ST PAUL
,
MN
55108
PC
HEADQUARTER GIVING
10,000
MINNESOTANS' MILITARY APPRECIATION FUND
PO BOX 2070
MINNEAPOLIS
,
MN
55402
PC
HEADQUARTER GIVING
5,000
CES MEALS ON WHEELS
1900 11TH AVENUE SOUTH
MINNEAPOLIS
,
MN
55404
PC
HEADQUARTER GIVING
10,000
CHILDREN'S MINNESOTA
5901 LINCOLN DIRVE CBS-3 FOUN
EDINA
,
MN
55436
PC
HEADQUARTER GIVING
15,000
CORNERSTONE ADVOCACY SERVICE
1000 EAST 80TH STREET
BLOOMINGTON
,
MN
55420
PC
HEADQUARTER GIVING
10,000
GILLETTE CHILDREN'S SPECIALTY HEALTHCARE
200 UNIVERSITY AVENUE EAST
ST PAUL
,
MN
55101
PC
HEADQUARTER GIVING
15,000
MINNESOTA HISTORICAL SOCIETY
345 WEST KELLOG BOULEVARD
ST PAUL
,
MN
55102
PC
HEADQUARTER GIVING
15,000
MINNESOTA PUBLIC RADIO (MPR)
480 CEDAR STREET
ST PAUL
,
MN
55101
PC
HEADQUARTER GIVING
7,500
NATURE CONSERVANCY IN MN ND & SD (THE)
1101 WEST RIVER PARKWAY SUITE 200
MINNEAPOLIS
,
MN
55415
PC
HEADQUARTER GIVING
20,000
SAINT PAUL CHAMBER ORCHESTRA (THE)
408 SAINT PETER STREET 3RD FLOOR
ST PAUL
,
MN
55102
PC
HEADQUARTER GIVING
10,000
SCIENCE MUSEUM OF MINNESOTA
120 KELLOGG BOULEVARD
ST PAUL
,
MN
55102
PC
HEADQUARTER GIVING
15,000
TWIN CITIES PBS
172 E 4TH STREET
ST PAUL
,
MN
55101
PC
HEADQUARTER GIVING
15,000
WALKER ART CENTER
725 VINELAND PLACE
MINNEAPOLIS
,
MN
55403
PC
HEADQUARTER GIVING
10,000
WOMENVENTURE
2021 E HENNEPIN AVENUE SUITE 200
MINNEAPOLIS
,
MN
55413
PC
HEADQUARTER GIVING
10,000
CORPORATE MATCH - DISASTER RELIEF
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
PC
DISASTER RELIEF CHARITIES
7,626
LAKE STREET COUNCIL
PO BOX 7091
MINNEAPOLIS
,
MN
55407
PC
DISASTER RELIEF CHARITIES
250
MAYOR'S FUND TO ADVANCE NYC
253 BROADWAY 6TH FLOOR
NEW YORK
,
NY
10007
PC
DISASTER RELIEF CHARITIES
250
LAKE STREET COUNCIL
PO BOX 7091
MINNEAPOLIS
,
MN
55407
PC
DISASTER RELIEF CHARITIES
75,000
ROBIN HOOD FOUNDATION
826 BROADWAY 9TH FLOOR
NEW YORK
,
NY
10003
PC
DISASTER RELIEF CHARITIES
10,000
BLACK GIRLS CODE INC
111 8TH AVENUE SUITE 315
NEW YORK
,
NY
10011
PC
DISASTER RELIEF CHARITIES
5,000
Total
.................................
3a
2,398,159
b
Approved for future payment
Total
.................................
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees 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
3,225
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
............
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
3,225
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
3,225
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2020)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description
-
TIN:
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Attach to Form 990, 990-EZ, or 990-PF.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
20
20
Name of the organization
PIPER SANDLER FOUNDATION
Employer identification number
41-1734808
Organization type
(check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust
not
treated as a private foundation
527 political organization
Form 990-PF
501(c)(3) exempt private foundation
4947(a)(1) nonexempt charitable trust treated as a private foundation
501(c)(3) taxable private foundation
Check if your organization is covered by the
General Rule
or a
Special Rule.
Note:
Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33
1
/3
% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of
(1)
$5,000 or
(2)
2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000
exclusively
for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions
exclusively
for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an
exclusively
religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule
applies to this organization because it received
nonexclusively
religious, charitable, etc., contributions totaling $5,000 or more during the year
.........
$
Caution:
An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it
must
answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613X
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Page
2
Name of organization
PIPER SANDLER FOUNDATION
Employer identification number
41-1734808
Part I
Contributors
Contributors
(see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
PIPER SANDLER & CO
800 NICOLLET MALL SUITE 900
MINNEAPOLIS
,
MN
55402
$
2,113,476
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Page
3
Name of organization
PIPER SANDLER FOUNDATION
Employer identification number
41-1734808
Part II
Noncash Property
(see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Page
4
Name of organization
PIPER SANDLER FOUNDATION
Employer identification number
41-1734808
Part III
Exclusively
religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns
(a)
through
(e) and
the following line entry. For organizations completing Part III, enter the total of
exclusively
religious, charitable, etc., contributions of
$1,000 or less
for the year. (Enter this information once. See instructions.)
$
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
Additional Data
Software ID:
Software Version:
-
TIN:
TY 2020 OtherExpensesSchedule
Name:
PIPER SANDLER FOUNDATION
EIN:
41-1734808
Description
Revenue and Expenses per Books
Net Investment Income
Adjusted Net Income
Disbursements for Charitable Purposes
BANK SERVICE & DRAFT CHARGES
683
683
0
0