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
THE TED AND LORRAINE GLASRUD FAMILY
FOUNDATION INC
Number and street (or P.O. box number if mail is not delivered to street address)5509 EAST SAPPHIRE LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PARADISE VALLEY, AZ85253
A Employer identification number

30-0094715
B Telephone number (see instructions)

(480) 926-0666
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$8,858,299J 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) 50
2 Check bullet.............
3 Interest on savings and temporary cash investments 636 636  
4 Dividends and interest from securities... 178,141 178,141  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 176,470
b Gross sales price for all assets on line 6a 1,292,387
7 Capital gain net income (from Part IV, line 2)... 176,470
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 172,247 172,247  
12 Total. Add lines 1 through 11........ 527,544 527,494  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 2,500 1,250   1,250
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,413 2,413    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 36,318 36,293   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 41,231 39,956   1,275
25 Contributions, gifts, grants paid....... 408,000 408,000
26 Total expenses and disbursements. Add lines 24 and 25 449,231 39,956   409,275
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 78,313
b Net investment income (if negative, enter -0-) 487,538
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 12,729 12,779 12,779
2 Savings and temporary cash investments......... 515,540 506,051 336,246
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet2,679,039
Less: allowance for doubtful accounts bullet   2,870,787 Click to see attachment2,679,039 2,679,039
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,951,429 Click to see attachment4,230,929 5,830,235
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,350,485 7,428,798 8,858,299
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........... 7,350,485 7,428,798
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,350,485 7,428,798
30 Total liabilities and net assets/fund balances (see instructions). 7,350,485 7,428,798
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,350,485
2
Enter amount from Part I, line 27a .....................
2
78,313
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,428,798
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,428,798
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 BANK AMERICA CORP 415 SHARES P 2019-11-05 2020-03-05
b ELI LILLY & CO 93 SHARES P 2015-10-12 2020-08-28
c WELLS FARGO & CO 895 SHARES P 2019-12-23 2020-05-07
d BANK AMERICA CORP 675 SHARES P 2019-11-05 2020-03-06
e MICROSOFT CORP 393 SHARES P 2015-10-12 2020-08-05
WELLS FARGO & CO 1930 SHARES P 2015-10-12 2020-05-07
BOEING CO 55 SHARES P 2020-03-04 2020-03-24
NEXTRA ENERGY INC 2 SHARES P 2017-03-06 2020-09-01
WELL TOWER INC 164 SHARES P 2015-10-12 2020-11-09
BOEING CO 95 SHARES P 2016-03-07 2020-03-24
PFIZER INC 272 SHARES P 2019-12-23 2020-08-28
SEIMENS A G SPON ADR RTS 1482 RTS P 2020-11-24 2020-11-25
CISCO SYSTEMS INC 730 SHARES P 2020-03-04 2020-11-09
PFIZER INC 90 SHARES P 2018-03-01 2020-08-28
AMERICAN ARLNS GRP INC 5000 SHARES P 2020-01-06 2020-02-12
CONOCOPHILLIPS 170 SHARES P 2019-09-24 2020-04-23
RAYTHEON TECHS CORP .638 SHARES P 2015-10-12 2020-04-06
DOW INC 4000 SHARES P 2020-03-13 2020-01-09
CONOCOPHILLIPS 250 SHARES P 2015-10-12 2020-04-23
ROYAL DUTCH SHELL ADR 140 SHARES P 2019-03-04 2020-02-07
COSTCO WHOLESALE CORP 525 SHARES P 2015-08-19 2020-11-09
CONOCOPHILLIPS 24 SHARES P 2020-03-04 2020-04-27
ROYAL DUTCH SHELL ADR 310 SHARES P 2015-10-12 2020-02-07
DEERE & CO 500 SHARES P 2015-08-19 2020-11-09
CONOCOPHILLIPS 430 SHARES P 2015-10-12 2020-04-27
ROYAL DUTCH SHELL ADR 805 SHARESSS P 2016-03-07 2020-03-10
KIMCO REALTY CORP 6000 SHARES P 2017-04-27 2020-12-31
CORNING INC 380 SHARES P 2016-03-26 2020-01-30
ROYAL DUTCH SHELL ADR 425 SHARES P 2020-03-04 2020-03-12
RESIDEO TECHS INC 179 SHARES P 2015-08-19 2020-12-31
CORNING INC 480 SHARES P 2015-10-12 2020-03-03
ROYAL DUTCH SHELL ADR 30 SHARES P 2016-03-07 2020-03-12
RITE AID CORP PAR 1 500 SHARES P 2015-08-19 2020-12-31
DIAGEO PLC 85 SHARES P 2020-03-04 2020-08-27
SIEMENS A D SPON ADR 38 SHARES P 2017-09-18 2020-11-04
DIAGEO PLC 93 SHARES P 2017-03-06 2020-08-27
TRAVELERS COS INC 52 SHARES P 2017-03-06 2020-03-26
HSBC HLDGS PLC 535 SHARES P 2019-03-04 2020-01-28
TRUIST FINL CORP 294 SHARES P 2018-02-20 2020-04-07
HSBC HLDGS PLC 570 SHARES P 2015-10-12 2020-01-28
VIATRIS INC 306.227 SHARES P 2020-11-17 2020-11-20
(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 11,005   14,045 -3,040
b 13,692   7,375 6,317
c 22,916   38,145 -15,229
d 17,505   21,059 -3,554
e 76,753   18,388 58,365
49,417   101,982 -52,565
6,631   15,515 -8,884
554   262 292
10,549   11,277 -728
11,453   11,843 -390
10,198   10,405 -207
9,068   14,923 -5,855
26,833   29,731 -2,898
3,374   3,245 129
153,264   137,392 15,872
6,221   9,998 -3,777
37   31 6
220,242   92,384 127,858
9,149   13,653 -4,504
7,280   8,862 -1,582
196,796   76,214 120,582
864   1,182 -318
16,121   17,304 -1,183
126,113   45,990 80,123
15,485   23,465 -7,980
28,340   42,673 -14,333
88,525   108,175 -19,650
10,486   7,823 2,663
12,259   19,294 -7,035
3,641   3,240 401
11,504   9,117 2,387
865   1,449 -584
7,660   83,857 -76,197
11,504   12,492 -988
23,876   23,631 245
12,461   10,455 2,006
4,998   6,826 -1,828
19,604   21,726 -2,122
9,113   16,148 -7,035
20,887   20,041 846
5,144   4,300 844
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       -3,040
b       6,317
c       -15,229
d       -3,554
e       58,365
      -52,565
      -8,884
      292
      -728
      -390
      -207
      -5,855
      -2,898
      129
      15,872
      -3,777
      6
      127,858
      -4,504
      -1,582
      120,582
      -318
      -1,183
      80,123
      -7,980
      -14,333
      -19,650
      2,663
      -7,035
      401
      2,387
      -584
      -76,197
      -988
      245
      2,006
      -1,828
      -2,122
      -7,035
      846
      844
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 2 176,470
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 89,085
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 6,777
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  
3 Add lines 1 and 2........................... 3 6,777
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,777
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,233
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,233
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 2,544
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletDEBORAH LENTSCH Telephone no.bullet (480) 926-0666

    Located atbullet5032 E COCHISE ROADPARADISE VALLEYAZ ZIP+4bullet85253
    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
     
     
    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
    SHARON E GLASRUD SECRETARY
    1.00     		0 0 0
    3546 SUNBURY DRIVE
    WOODBURY,MN55125
    DEBORAH LENTSCH CEO
    1.00     		0 0 0
    5032 E COCHISE ROAD
    PARADISE VALLEY,AZ85253
    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  
    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.............bullet  
    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 N/A  
    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
    5,333,491
    b
    Average of monthly cash balances.......................
    1b
    300,009
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,718,986
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,352,486
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    8,352,486
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    125,287
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,227,199
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    411,360
    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
    411,360
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,777
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,777
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    404,583
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    404,583
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    404,583
    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
    409,275
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    409,275
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    409,275
    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 7 404,583
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 404,728
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 409,275
    a Applied to 2019, but not more than line 2a 404,728
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 4,547
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		400,036
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    DEBORAH LENTSCH
    5032 E COCHISE RD
    5032 E COCHISE RD
    PARADISE VALLEY,AZ852531068
    (480) 926-0666
    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
    BANNER HEALTH FOUNDATION
    2901 N CENTRAL AVENUE 160
    2901 N CENTRAL AVENUE 160
    PHOENIX,AZ85012     		NONE 501(C)(3) MEDICAL AND HUMAN SERVICES 75,000
    BELWIN CONSERVATORY
    1553 STAGECOACH TRAIL S
    1553 STAGECOACH TRAIL S
    AFTON,MN55001     		NONE 501(C) 3 EVIRONMENTAL 15,000
    BIG BROTHERS BIG SISTERS
    1700 KIRK ROAD
    1700 KIRK ROAD
    WEST PALM BEACH,FL33406     		NONE 501C(3) HEALTH AND HUMAN SERVICES 12,000
    BOYS AND GIRLS CLUBS
    11500 S E LARES AVENUE
    11500 S E LARES AVENUE
    HOBE SOUND,FL33455     		NONE 501C(3) HEALTH AND HUMAN SERVICES 12,000
    COE FUND COE COLLEGE
    1220 FIRST AVE NE
    1220FIRST AVENUE NE
    CEDAR RAPIDS,IA52402     		NONE 501(C)(3) EDUCATION 10,000
    COURAGE CENTER
    3915 GOLDEN VALLEY ROAD
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		NONE 501C(3) HEALTH AND HUMAN SERVICES 7,000
    CRETIN-DERHAM HALL
    550 SOUTH ALBERT STREET
    550 SOUTH ALBERT STREET
    ST PAUL,MN55116     		NONE 501C(3) EDUCATION 10,000
    DOGS FOR LIFE INC
    1230 16TH AVENUE
    1230 16TH AVENUE
    VERO BEACH,FL32960     		NONE 501(C)(3) HEALTH AND HUMAN SERVICES 10,000
    KEYSTONE COMMUNITIES BIKE SHOP
    1158 SELBY AVENUE
    1158 SELBY AVENUE
    ST PAUL,MN55104     		NONE 501(C)(3) HUMAN SERVICES 34,000
    HIBISCUS CHILDREN'S CENTER
    2400 NE DIXIE HIGHWAY
    2400 NE DIXIE HIGHWAY
    JENSEN BEACH,FL34957     		NONE 501(C)(3) HEALTH & HUMAN SERVICES 11,000
    HOPE CENTER FOR AUTISM
    2751 GREEN OAKS ROAD
    2751 GREEN OAKS ROAD
    FORT WORTH,TX76116     		NONE 501(C)(3) HUMAN SERVICES 10,000
    MARTIN MEMORIAL FOUNDATION
    PO BOX 9010
    P O BOX 9010
    STUART,FL34995     		NONE 501C(3) HEALTH AND HUMAN SERVICES 25,000
    MILK & HONEY MISSIONS INC
    P O BOX 251488
    P O BOX 251488
    WOODBURY,MN55125     		NONE 501(C)(3) HEALTH AND HUMAN SERVICES 10,000
    MISS INC
    4434 SE CLECKLEY WAY
    4434 SE CLECKLEY WAY
    STUART,FL34997     		NONE 501(C)(3) HEALTH & HUMAN SERVICES 12,000
    MOLLY'S HOUSE
    430 SE OSCEOLA STREET
    430 SE OSCEOLA STREET
    STUART,FL34994     		NONE 501C(3) HEALTH AND HUMAN SERVICES 15,000
    NORTHERN STAR COUNCIL BSA
    393 MARSHALL AVENUE
    393 MARSHALL AVENUE
    ST PAUL,MN55102     		NONE 501(C)(3) YOUTH DEVELOPMENT 10,000
    SAVE THE MANATEE CLUB
    500 N MAITLAND AVE
    500 N MAITLAND AVENUE
    MAITLAND,FL32751     		NONE 501(C)(3) ENVIRONMENTAL STEWARDSHIP 10,000
    SOUTH FLORIDA PBS
    P O BOX 610002
    P O BOX 610002
    MIAMI,FL33261     		NONE 501(C)3 EDUCATION 10,000
    ST JUDE CHILDREN'S RESEARCH HOSPITA
    5353 WAYZATA BLVD 500
    5353 WAYZATA BLVD 500
    ST LOUIS PARK,MN55416     		NONE 501(C)(3) MEDICAL HUMAN SERVICES 15,000
    STUART SAILFISH CLUB KIDS TOURNAME
    3585 SE ST LUCIE BLVD
    3585 SE ST LUCIE BLVD
    STUART,FL34997     		NONE 501(C)(3) YOUTH DEVELOPMENT 7,500
    TELLURIDE AVALANCHE DOGS
    PO BOX 1398
    P O BOX 1398
    TELLURIDE,CO81435     		NONE 501(C)(3) HEALTH AND HUMAN SERVICES 10,000
    THE LIBRARY FOUNDA OF MARTIN COUNTY
    2351 SE MONTEREY ROAD
    2351 SE MONTREREY ROAD
    STUART,FL34996     		NONE 501(C)(3) EDUCATION 10,000
    TWIN CITIES PUBLIC TELEVISION
    172 EAST FOURTH STREET
    172 EAST FOURTH STREET
    SAINT PAUL,MN55101     		NONE 501C(3) EDUCATION 10,000
    TYKES AND TEENS
    3577 SW CORPORATE PARKWAY
    3577 SW CORPORATE PARKWAY
    PALM CITY,FL34990     		NONE 501(C)(3) HEALTH AND HUMAN SERVICES 12,500
    UNIVERSITY OF ST THOMAS
    2115 SUMMIT AVE
    2115 SUMMIT AVE
    ST PAUL,MN55105     		NONE 501(C)(3) EDUCATION 10,000
    WHITE BEAR LAKE AREA EDUCATION FOUN
    4855 BLOOM AVENUE
    4855 BLOOM AVENUE
    WHITE BEAR LAKE,MN55110     		NONE 501C(3) EDUCATION 15,000
    WIDEDMAN STEINER SYNDROME FOUNDATIO
    1601 42ND STREET
    1601 42ND STREET
    SACRAMENTO,CA95819     		NONE 501(C)(3) HUMAN SERVICES MEDICAL 10,000
    WITH ALL
    5354 PARKDALE DRIVE
    5354 PARKDALE DRIVE
    ST LOUIS PARK,MN55416     		NONE 501(C)3 HEALTH AND HUMAN SERVICES 10,000
    Total .................................bullet 3a 408,000
    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 ...........     		    14 636  
    4 Dividends and interest from securities....     14 178,141  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 172,247  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 176,470  
    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)..   527,494  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    527,494
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,500 1,250   1,250

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M COMPANY 475 SHARES 76,108 83,025
    ALTRIA GROUP INC 1410 SH 74,545 57,810
    AMERICAN ARLNS GRP INC 5000 SHARES 138,343 78,850
    APPLE INC 6000 SH 178,697 796,140
    AT&T INC 3230 SH 110,070 92,895
    BANK OF AMERICA 4000 SH 67,327 121,240
    BANK OF AMERICA CORP 3273 SHARES 92,371 99,205
    BCE INC NEW 2210 SH 95,221 94,588
    BOEING COMPANY 95 SH    
    BROADCOM INC 191 SHARES 64,731 83,629
    CHEVRON CORP 1299 SH 127,184 109,701
    CHUBB LTD 725 SH 89,302 111,592
    CISCO SYSTEMS INC 1900 SH 54,241 85,025
    CITIGROUP INC 1195 SHARES 90,848 73,684
    CONOCOPHILLIPS 1306 SH 60,609 52,227
    CONOCOPHILLIPS 1457.776 SH 69,507 58,296
    CORNING INC 455 SH 7,876 16,380
    COSTCO WHOLESALE 475 SH 68,956 178,971
    CVS HEALTH CORP 958 SH 77,325 65,431
    DEERE & COMPANY 500 SH 45,990 134,525
    DIAGEO PLC NEW 382 SH 42,141 60,665
    DOW INC 13038 SH 69,229 76,756
    DUKE ENERGY CORP 596 SH 50,934 54,570
    EXXON MOBIL CORP 19220 SH 130,995 79,142
    FREEPORT MCMORAN 5000 SH 118,858 130,100
    GENERAL DYNAMICS CORP 369 SH 61,962 54,915
    GENUINE PARTS CO 820 SH 75,768 82,353
    HEALTHPEAK PPTYS INC 2405 SH 62,445 72,703
    HONEYWELL 1075.891 SH 107,957 228,842
    HSBC HOLDINGS PLC 1105 SH    
    INTEL CORP 1770 SH 72,753 88,181
    JOHNSON & JOHNSON 755 SHARES 84,348 118,822
    JOHNSON CONTROLS INTL 2485 SH 99,601 115,776
    JOHNSON&JOHNSON 1000 SH 99,310 157,380
    JPMORGAN CHASE 994 SH 69,223 126,308
    KIMBERLY CLARK CORP 580 SH 69,183 78,201
    KIMCO REALTY CORP 6000 SH    
    LILLY ELI & CO 462 SH 35,565 78,004
    LOWES COMPANIES INC 393 SHARES 35,869 63,080
    MARATHON OIL CORP 2144.232 SH 34,801 14,302
    MEDTRONIC PLC 748 SHARES 68,237 87,621
    MERCK & COMPANY 800 SH 48,246 65,440
    MERCK & COMPANY 985 SHARES 50,653 80,573
    MICROSOFT CORP 227 SH 10,621 50,489
    MORGAN STANLEY 1735 SHARES 67,620 118,900
    NEXTERA ENERGY 1752 SH 46,726 135,167
    NOVARTIS AG 1160 SH 82,339 109,539
    PEPSICO CO 820.296 SH 81,201 121,650
    PFIZER INC 2620 SHARES 83,913 96,442
    PHILIP MORRIS INTL INC 1040 SH 91,144 86,102
    RAYTHEON COMPANY 1015 SH 58,393 72,583
    RESIDEO TECHNOLOGIES INC 179 SH    
    RITE AID CORP 10000 SH    
    ROYAL DUTCH SHELL 1285 SH    
    SIEMENS A G SPONS ADR 1482 SH 88,375 106,393
    TARGET CORP 745 SH 58,551 131,515
    TRAVELERS COMPANIES 428 SH 46,594 60,078
    TRUIST FINANCIAL CORP 1739 SH 88,777 83,350
    UNILEVER N V 1280 SH 56,934 77,261
    UNITED PARCEL SERVICE INC 370 SH 59,489 62,308
    WALGREENS BOOTS ALLIANCE 1490 SH 89,605 59,421
    WELLS FARGO & CO 2500 SH 73,254 75,450
    WELLTOWER INC 1186 SH 70,064 76,639

    TY 2020 OtherExpensesSchedule
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MN FILING FEE 25     25
    INVESTMENT MANAGEMENT FEE 36,293 36,293    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROMISSORY NOTE INTEREST 172,247 172,247  


    TY 2020 OtherNotesLoansRcvblShortSch2
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Name of 501(c)(3) Organization Balance Due
    PROMISSORY NOTE ASSIGNMENTS
          		2,679,039


    TY 2020 TaxesSchedule
    Name:
    THE TED AND LORRAINE GLASRUD FAMILY
     
    FOUNDATION INC
    EIN:
    30-0094715
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 2,413 2,413