TY 2020 Form 990PF

- TIN:

Form990-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.
bullet

Go 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
Offutt Family Foundation

Number and street (or P.O. box number if mail is not delivered to street address)225 Broadway N
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Fargo, ND58102

A Employer identification number

26-6574983

B Telephone number (see instructions)

(701) 237-6062

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

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 ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$41,943,713J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	20,015,511
2	Check .............
3	Interest on savings and temporary cash investments	2,314		2,314
4	Dividends and interest from securities...	336,112		336,112
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		133,007
b	Gross sales price for all assets on line 6a 4,332,310
7	Capital gain net income (from Part IV, line 2)...			132,542
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).......		12,389	0
12	Total. Add lines 1 through 11........	20,499,333		470,968
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......	222,000		0	222,000
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		4,600	0	4,600
c	Other professional fees (attach schedule)....		36,087	0	36,087
17	Interest...............	2,551		0	2,551
18	Taxes (attach schedule) (see instructions)...		40,000	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......	1,077		0	1,077
22	Printing and publications..........	1,576		0	1,576
23	Other expenses (attach schedule).......		68,384	68,263	121
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	376,275		68,263	268,012
25	Contributions, gifts, grants paid.......	367,725			367,725
26	Total expenses and disbursements. Add lines 24 and 25	744,000		68,263	635,737
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	19,755,333
b	Net investment income (if negative, enter -0-)			402,705
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	487,656	19,379,628	19,379,628
	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).......	12,464,672	13,845,681	13,845,681
	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)..........	7,750,308	7,931,483	8,718,404
	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)	20,702,636	41,156,792	41,943,713
	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...........
	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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	20,702,636	41,156,792
	29	Total net assets or fund balances (see instructions).....	20,702,636	41,156,792
	30	Total liabilities and net assets/fund balances (see instructions).	20,702,636	41,156,792

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

20,702,636

Enter amount from Part I, line 27a .....................

19,755,333

Other increases not included in line 2 (itemize) bullet

698,823

Add lines 1, 2, and 3 ..........................

41,156,792

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

41,156,792

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
1 a	Publicly Traded Securities
b	LT Capital Gains from Passthrough Entities	P
c	ST Capital Gains from Passthrough Entities	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4,272,478	4,199,768	72,710
b	30,255		30,255
c	29,577		29,577
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			72,710
b			30,255
c			29,577
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	132,542
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

Reserved...........................

Reserved,..........................

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	5,598
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	5,598
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	5,598
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	30,903
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	30,903
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	25,305
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax25,305	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Thomas K Espel Telephone no. bullet

(701) 526-9644

Located at bullet

225 Broadway NFargoND ZIP+4 bullet

58102

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Ronald D Offutt	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Karen Offutt	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Shelly Neal	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Rondi McGovern	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Allan F Knoll	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Christi Offutt	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Ryan Offutt	Trustee 0.10	0	0	0
225 Broadway N Fargo,ND58102	Trustee 0.10	0	0	0
Thomas K Espel	Administrator 0.10	0	0	0
225 Broadway N Fargo,ND58102	Administrator 0.10	0	0	0

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
Jean Zimmerman	Executive Director 40.00	222,000	0	0
225 Broadway N Fargo,ND58102	Executive Director 40.00	222,000	0	0








Total number of other employees paid over $50,000...................				0

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


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,494,133

Average of monthly cash balances.......................

1,298,319

Fair market value of all other assets (see instructions)................

8,378,032

Total (add lines 1a, b, and c).........................

22,170,484

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

22,170,484

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

332,557

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

21,837,927

Minimum investment return. Enter 5% of line 5..................

1,091,896

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.)

Minimum investment return from Part X, line 6....................

1,091,896

Tax on investment income for 2020 from Part VI, line 5......

5,598

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

5,598

Distributable amount before adjustments. Subtract line 2c from line 1............

1,086,298

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,086,298

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

1,086,298

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

635,737

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

635,737

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

635,737

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)

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					1,086,298
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......	900,702
b From 2016......	1,183,147
c From 2017......	1,209,634
d From 2018......	453,081
e From 2019......	690,067
fTotal of lines 3a through e........		4,436,631
4Qualifying distributions for 2020 from Part
XII, line 4: $ 635,737
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.....					635,737
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		450,561			450,561
(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		3,986,070
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) ...		450,141
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		3,535,929
10 Analysis of line 9:
a Excess from 2016....	1,183,147
b Excess from 2017....	1,209,634
c Excess from 2018....	453,081
d Excess from 2019....	690,067
e Excess from 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 section4942(j)(3) or4942(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	(e) Total

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).)

Ronald D Offutt

Karen Offutt

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

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

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Cobber Wrestling 901 8th St S Moorhead,MN56562		PC	Golf Sponsor	1,000
Northern Lights Council 4200 19th Ave S Fargo,ND58103		PC	Boy Scouts	1,000
SD FFA Foundation Inc 39393 133rd St Bath,SD57427		PC	General Fund	1,375
Junior Achievement of the Upper Midwest 1800 White Bear Ave N Maplewood,MN55109		PC	General Fund	5,000
Oak Grove Lutheran School 124 N Terrace Fargo,ND58102		PC	Student Programs, Annual Fund	1,100
Concordia College 901 8th St S Moorhead,MN56562		PC	Golf Sponsor	5,000
Dakota Medical Foundation 4141 28th Ave S Fargo,ND58104		PC	Recovery Reinvented Fund, Brady Oberg Fund, Justin's fund	11,000
Dordt University 700 7th St NE Sioux Center,IA51250		GOV	Pro Tech Program	75,000
Emerging Prairie 122 1/2 N Broadway Fargo,ND58102		PC	General Fund	25,000
Enderlin Public Schools 410 Bluff St Enderlin,ND58027		GOV	Support Mental Health	10,000
Minnesota FFA Foundation PO Box 365 Plainview,MN55964		PC	Sponsorship	3,000
ND FFA Foundation PO Box 6022 Bismarck,ND58506		PC	Sponsorship	3,000
YWCA 3000 University Drive S Fargo,ND58103		PC	General Fund	51,000
AARC Shelter PO Box 183 Akeley,MN56433		PC	General Fund	5,000
Emergency Food Pantry 1101 4 Ave N FARGO,ND58102		PC	General Fund	10,000
FM Area Foundation 409 7th St S FARGO,ND58103		PC	Coffee for Healthcare Heros Fund	20,000
Great Plains Foodbank 1702 3rd Ave N Fargo,ND58102		PC	General Fund	36,000
Hubbard County Meals On Wheels 18831 Eagle View Dr Park Rapids,MN564706047		PC	General Fund	10,000
LCRC PO Box 394 Detroit Lakes,MN56502		PC	General Fund	10,000
Legacy Children's Foundation 3425 1st St N Fargo,ND58102		PC	General Fund	26,000
REACH PO Box 237 Hawley,MN56549		PC	General Fund	5,000
Red Willow Ministries 1651 Jacob Drive Binford,ND58416		PC	General Fund	5,000
Salvation Army 304 Roberts St Fargo,ND58102		PC	General Fund	1,000
St Joseph's Area Health Services 600 Pleasant Ave Park Rapids,MN56470		PC	General Fund	25,000
West Central Initiative PO Box 318 Fergus Falls,MN565380318		PC	Barnesville Area Community Fund	1,250
BIO Girls 4225 38th St S Suite 101 Fargo,ND58104		PC	General Fund	1,000
Ronald McDonald House Charities of the Red River Valley 4757 Agassiz Crossing S Fargo,ND58104		PC	General Fund	1,000
Sanford Roger Maris Cancer Center PO Box 2010 Fargo,ND581222399		PC	General Fund	1,000
American Diabetes Association 4302 13th Ave S Suite 4-109 Fargo,ND58078		PC	General Fund	1,000
Amistad Worldwide 3810 15th St S Moorhead,MN56560		PC	General Fund	1,000
HOPE Inc 810 4th Ave S ste 140 Moorhead,MN56560		PC	General Fund	1,000
Hopeful Heart Project 122 1/2 Broadway N Fargo,ND58102		PC	General Fund	1,000
Haley's Hope 925 10th Ave E Suite 2 West Fargo,ND58078		PC	General Fund	1,000
GiGi's Playhouse Fargo Down Syndrome Achievement Center 3224 20th St S Fargo,ND58104		PC	General Fund	5,000
Pink It Forward 5511 Falconer Dr Bismarck,ND58504		PC	General Fund	5,000
Service Dogs for America 920 Short St Jud,ND58454		PC	General Fund	1,000
Valley Senior Services - Meals on Wheels 2801 32nd Ave S Fargo,ND58103		PC	General Fund	1,000
A Place to Belong 109 N Court St Fergus Falls,MN56537		PC	General Fund	1,000
Total ................................. 3a				367,725

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	2,314
4 Dividends and interest from securities....			14	336,112
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	133,007
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aNondividend Distributions			14	12,389
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		483,822	0

13Total. Add line 12, columns (b), (d), and (e)..................

483,822

(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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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

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

2020

Name of the organization

Offutt Family Foundation

Employer identification number

26-6574983

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 33¹/3% 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 ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)

Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2

Name of organization Offutt Family Foundation

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	Ronald D Offutt PO Box 7160 Fargo, ND581067160	$ 20,015,511	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 Offutt Family Foundation		Employer identification number 26-6574983

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
1	$1,215,511 of ALVR stock	$ 1,215,511	2020-12-23
(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 Offutt Family Foundation			Employer identification number 26-6574983
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

(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

(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

(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

(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 AccountingFeesSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Preparation Fees	4,600	0		4,600

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Avalara Inc	1,102,784	1,102,784
Federated Hermes Instl	3,665,529	3,665,529
Fibrogen Inc	143,983	143,983
Lamb Weston Holdings Inc	2,598	2,598
Agree Rlty Corp	12,650	12,650
Alexandria Real Est Eqts	6,594	6,594
American Assets TR Inc	8,115	8,115
Avalonbay Cmmun Inc	17,487	17,487
Boston Pptys Inc	8,413	8,413
Cyrusone Inc	13,533	13,533
Digital Rlty Tr Inc	14,091	14,091
Duke Realty Corp	25,941	25,941
Equinix Inc	14,284	14,284
Extra Space Storage Inc	15,525	15,525
First Indl Realty Tr Inc	17,652	17,652
Gaming And Leisure	3,350	3,350
Healthpeak Pptys Inc	20,042	20,042
Highwoods Pptys Inc	10,423	10,423
Invitation Homes Inc	22,958	22,958
Life Storage Inc	18,744	18,744
Mid America Apt Cmntys	15,329	15,329
New Senior Invt Group	2,720	2,720
Pebblebrook Hotel Trust	12,991	12,991
Physicians Rlty Tr	13,581	13,581
Piedmont Office Realty	9,267	9,267
Prologis Inc	24,018	24,018
QTS Rlty Tr Inc Com Cl A	14,851	14,851
Realty Incm Crp Md PV$1.	21,013	21,013
Rexford Indl Rlty Inc	8,594	8,594
Site Ctrs Corp Com New	14,583	14,583
Sl Green Realty Corp	4,588	4,588
Sun Commntys Inc	16,107	16,107
Sunstone Hotel Invs Inc	11,126	11,126
UDR Inc	19,984	19,984
Vici Pptys Inc	15,045	15,045
Weingarten Rlty Invs Sbi	10,293	10,293
Welltower Inc	23,134	23,134
Abbvie Inc Shs	14,680	14,680
Accenture Plc Shs	20,636	20,636
Amer Express Company	12,333	12,333
Anthem Inc	12,523	12,523
Apple Inc	31,315	31,315
At&T Inc	12,424	12,424
Chevron Corp	9,121	9,121
Chubb Ltd	10,928	10,928
Cisco Systems Inc Com	18,303	18,303
CME Group Inc	7,646	7,646
Colgate Palmolive	11,800	11,800
Comcast Corp New Cl A	16,820	16,820
Cyrusone Inc	11,631	11,631
Duke Realty Corp	7,195	7,195
Fidelity Natl Info Svcs	17,400	17,400
Honeywell Intl Inc Del	13,187	13,187
Intl Flavors&Fragrnc	11,319	11,319
Johnson And Johnson Com	20,302	20,302
JPMorgan Chase & Co	16,265	16,265
Linde Plc Reg Shs	16,601	16,601
Lockheed Martin Corp	14,199	14,199
Lowe's Companies Inc	22,150	22,150
Marsh & McLennan Cos Inc	11,349	11,349
McDonalds Corp Com	14,806	14,806
Medtronic Plc Shs	13,003	13,003
Merck And Co Inc Shs	14,642	14,642
Microsoft Corp	27,580	27,580
Mondelez International	11,752	11,752
Motorola Solutions Inc	15,183	15,183
Nextera Energy Inc Shs	18,902	18,902
Packaging Corp America	9,516	9,516
Pepsico Inc	13,792	13,792
Philip Morris Intl Inc	12,915	12,915
Phillips 66 Shs	8,952	8,952
Schwab Charles Corp New	13,207	13,207
Texas Instruments	17,398	17,398
Trane Technologies Plc	14,516	14,516
Union Pacific Corp	15,617	15,617
UnitedHealth Group Inc	20,339	20,339
WEC Energy Group Inc Shs	12,424	12,424
Adobe Inc	19,505	19,505
Align Tech Inc Del Com	14,963	14,963
Alphabet Inc Shs Cl C	21,023	21,023
Amazon Com Inc Com	58,625	58,625
American Tower Reit Inc	13,468	13,468
Apple Inc	37,684	37,684
Asml Hldg Nv Ny Reg Shs	16,095	16,095
Avalara Inc	3,298	3,298
Blackstone Group Inc Com	17,304	17,304
Boston Scientific Corp	14,524	14,524
Caesars Entertainment	3,639	3,639
Costar Group Inc Com	13,864	13,864
Danaher Corp Del Com	17,105	17,105
Disney (Walt) Co Com Stk	8,334	8,334
Edwards Lifesciences Crp	8,758	8,758
Elanco Animal Health Inc	12,268	12,268
Facebook Inc	33,599	33,599
Hilton Worldwide	21,696	21,696
Illumina Inc Com	11,100	11,100
L3harris Technologies	19,469	19,469
Mastercard Inc	43,904	43,904
Match Group Inc	8,013	8,013
Microsoft Corp	52,269	52,269
Netflix Com Inc	15,681	15,681
Nike Inc Cl B	12,449	12,449
Nvidia	14,099	14,099
Paypal Holdings Inc Shs	15,691	15,691
Procter & Gamble Co	15,445	15,445
Salesforce Com Inc	21,140	21,140
Sherwin Williams	13,228	13,228
Snap Inc Cl A	20,328	20,328
Taiwan S Manufctring Adr	9,705	9,705
Tesla Inc	9,174	9,174
Texas Instruments	21,665	21,665
T-Mobile Us Inc Shs	21,441	21,441
Twilio Inc Cl A	9,478	9,478
Vertex Pharmctls Inc	9,454	9,454
Visa Inc Cl A Shrs	10,062	10,062
Amer Funds American	639,244	639,244
Amer Funds New	618,617	618,617
Artisan International	621,201	621,201
Blackrock Global	280,951	280,951
Columbia Seligman Comm	422,452	422,452
Doubleline Shiller	265,774	265,774
Doubleline Total Return	526,195	526,195
J P Morgan Exchange Etf	262,940	262,940
Pimco Income Fund Cl I2	687,002	687,002
Pimco International Bond	331,702	331,702
Primecap Odyssey Growth	231,855	231,855
Spdr Gold Trust	396,673	396,673
Vanguard 500 Index Fund	371,555	371,555
Vanguard Dividend	913,246	913,246
Western Asset Core Plus	610,136	610,136

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

Offutt Family Foundation

EIN:

26-6574983

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
River Oaks Financial Fund	AT COST	1,085,479	1,844,089
Sterling Multifamily Trust	FMV	238,544	238,544
Bluegrass Parent LLC	AT COST	6,500,000	6,500,000
Northstar Mezzanine Partners	AT COST	107,460	135,771

- TIN:

TY 2020 OtherExpensesSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Basis Investment Expenses from K-1	68,263	68,263		0
Training and Development	121	0		121

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

Offutt Family Foundation

EIN:

26-6574983

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Nondividend Distributions	12,389		12,389

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Description	Amount
Unrealized gain	698,823

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Other Fees	1,004	0		1,004
Professional Expenses	35,083	0		35,083

- TIN:

TY 2020 TaxesSchedule

Name:

Offutt Family Foundation

EIN:

26-6574983

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Excise Taxes	40,000	0		0