Form990-PF
Click to see attachment

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
Better Way Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)Suite 2950 60 South 6th Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55402
A Employer identification number

36-3608625
B Telephone number (see instructions)

(612) 440-2500
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$58,914,409J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 10,712 10,712  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 1,968,725
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 5,372,507 970,388  
12 Total. Add lines 1 through 11........ 5,383,219 2,949,825  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 5,396 0   5,396
b Accounting fees (attach schedule)....... Click to see attachment 21,382 0   21,382
c Other professional fees (attach schedule).... Click to see attachment 509,110 2,500   506,610
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,488 27,852   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 30,413 1,615   26,538
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 23,491 827,093   19,787
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 591,280 859,060   579,713
25 Contributions, gifts, grants paid....... 1,847,471 2,433,720
26 Total expenses and disbursements. Add lines 24 and 25 2,438,751 859,060   3,013,433
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,944,468
b Net investment income (if negative, enter -0-) 2,090,765
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............. 300 300 300
2 Savings and temporary cash investments......... 2,041,148 2,561,999 2,561,999
3 Accounts receivable bullet833
Less: allowance for doubtful accounts bullet   833 833 833
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,714    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 54,002,005 Click to see attachment55,601,277 55,601,277
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment500,000 Click to see attachment750,000 Click to see attachment750,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 56,550,000 58,914,409 58,914,409
Liabilities 17 Accounts payable and accrued expenses.......... 100  
18 Grants payable................. 3,324,036 2,737,787
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)......... 3,324,136 2,737,787
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 53,225,864 56,176,622
29 Total net assets or fund balances (see instructions)..... 53,225,864 56,176,622
30 Total liabilities and net assets/fund balances (see instructions). 56,550,000 58,914,409
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
53,225,864
2
Enter amount from Part I, line 27a .....................
2
2,944,468
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,290
4
Add lines 1, 2, and 3 ..........................
4
56,176,622
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
56,176,622
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Capital Gain Distribution From Partnerships P    
b Capital Gain Distribution From Partnerships P    
c Loeb Arbitrage Fund LT Capital Gain P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     94,527 -94,527
b 2,062,950     2,062,950
c 302     302
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       -94,527
b       2,062,950
c       302
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,968,725
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 29,062
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 29,062
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 29,062
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 38,749
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 12,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 51,249
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 22,187
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet22,187 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletTax Officer Telephone no.bullet (612) 440-2500

    Located atbulletSuite 2950 60 South 6th StreetMinneapolisMN ZIP+4bullet55402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Sarah Rauenhorst President/Chair
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Andreas Hipple Vice President
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Nat Robinson Treasurer/Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Gia Rauenhorst Secretary/Vice Chair
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristen Grubb Tax Officer
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Patrice Kunesh Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Cassie Landers Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Pete Mahoney Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Taylor Mahoney Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Karen Rauenhorst Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Judy Rauenhorst Doerr Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Janine Geske Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Tarajean Yazzie-Mintz Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GHR Foundation Management and Philanthropy Services 429,380
    60 South Sixth Street Ste 2950
    Minneapolis,MN55402
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 7 year, $250,000 concessionary loan to Tiwa Lending Services, a Native Community Development Finance Institution whose mission is to promote the economic growth of the Isleta Pueblo Community by creating home ownership and small business opportunities for the Isleta community, a traditionally underserved and underfinanced Indigenous community in New Mexico. 250,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet250,000
    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
    31,437,634
    b
    Average of monthly cash balances.......................
    1b
    2,051,646
    c
    Fair market value of all other assets (see instructions)................
    1c
    19,375,087
    d
    Total (add lines 1a, b, and c).........................
    1d
    52,864,367
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    52,864,367
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    792,966
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,071,401
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,603,570
    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
    2,603,570
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    29,062
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    29,062
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,574,508
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,574,508
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,574,508
    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
    3,013,433
    b
    Program-related investments—total from Part IX-B..................
    1b
    250,000
    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
    3,263,433
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,263,433
    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 2,574,508
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,545,389
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,263,433
    a Applied to 2019, but not more than line 2a 1,545,389
    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..... 1,718,044
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		856,464
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Aim Higher Foundation
    2610 University Avenue W Suite 525
    St Paul,MN55114     		None PC General Operations 15,000
    Amani Girls Home
    POBox 5073
    Mwanza    
    TZ     		None PC Mapema Education Scheme - MES 150,000
    Amani Girls Home
    POBox 5073
    Mwanza    
    TZ     		None PC Mapema Education Scheme - MES 12,250
    Children in Crossfire Tanzania
    PO Box 23204
    Dar es Salaam    
    TZ     		None NC Building the Capacity and Leadership of TECDEN 80,000
    Colorado Academy
    3800 S Pierce St
    Denver,CO80235     		None PC General Operations 10,000
    De La Salle Blackfeet School
    104 1st Street NW PO Box 1489
    Browning,MT59417     		None PC General Operations 30,000
    De La Salle Blackfeet School
    104 1st Street NW PO Box 1489
    Browning,MT59417     		None PC General Operations 12,250
    Dreams of Tanzania & Montessori Training Centre
    PO Box 10890 Kawekamo
    Ilemela    
    TZ     		None NC Emergency Response Funding 29,221
    Dreams of Tanzania & Montessori Training Centre
    PO Box 10890 Kawekamo
    Ilemela    
    TZ     		None NC Emergency Response Funding 12,250
    Financial Beginnings Oregon
    2705 E Burnside St 214 Portland OR
    97214
    Portland,OR97201     		None PC General Operations 15,000
    Indian Child Welfare Act Law Center
    1730 Clifton Place Suite 104
    Minneapolis,MN55403     		None PC General Operations 7,500
    Keres Children's Learning Center
    PO Box 113
    Cochiti Pueblo,NM87072     		None PC Core Support and Indigenous Montessori/Early Childhood Network 100,000
    Keres Children's Learning Center
    PO Box 113
    Cochiti Pueblo,NM87072     		None PC Core Support and Indigenous Montessori/Early Childhood Network 12,250
    Keres Children's Learning Center
    PO Box 113
    Cochiti Pueblo,NM87072     		None PC Indigenous Montessori Institute 80,000
    Lower Sioux Indian Community
    PO Box 308 39527 Reservation
    Highway 1
    Morton,MN56270     		None GOV Core Support 40,000
    Lower Sioux Indian Community
    PO Box 308 39527 Reservation
    Highway 1
    Morton,MN56270     		None GOV Core Support 12,250
    Mailman School of Public Health
    722 West 168th St
    New York,NY10032     		None PC DrPH Student Scholarship Fund: Public Health and Humanitarian Action 15,000
    Mama's Hope Organization for Legal Assistance
    PO Box 1240 Hanyama Chember in
    Hamugembe ward
    Kagera    
    TZ     		None PC Stand and Speak for the Rights of Children in Kagera - Phase II 146,803
    Mama's Hope Organization for Legal Assistance
    PO Box 1240 Hanyama Chember in
    Hamugembe ward
    Kagera    
    TZ     		None PC Stand and Speak for the Rights of Children in Kagera - Phase II 12,250
    Minneapolis American Indian Center
    1530 E Franklin Ave
    Minneapolis,MN55404     		None PC General Operations 7,500
    Montessori American Indian Childcare Center
    1909 E Ivy Avenue
    St Paul,MN55119     		None PC General Operations 60,000
    Montessori American Indian Childcare Center
    1909 E Ivy Avenue
    St Paul,MN55119     		None PC General Operations 12,250
    National Native American Boarding School Healing Coalition
    2525 E Franklin Ave Ste 150
    Minneapolis,MN55406     		None PC Core Support 40,000
    Northwest Indian College Foundation
    2522 Kwina Road
    Bellingham,WA98226     		None PC NWIC "sacred little ones" ECE Project 5,000
    Our Lady of Grace Church
    5071 Eden Avenue
    Edina,MN55436     		None PC Advancing Our Mission Campaign 15,000
    Oweesta Corporation
    2432 Main Street 1st Floor
    Longmont,CO80501     		None PC General Operations 5,000
    Pine River-Backus Family Center
    PO Box 1
    Pine River,MN56474     		None PC General Operations 5,000
    Progress Valley Inc
    1100 East 80th Street
    Bloomington,MN55420     		None PC General Operations 5,000
    Pueblo of Jemez Walatowa Head Start Language Immersion Program
    PO Box 100
    Jemez Pueblo,NM87024     		None GOV Core Support 90,000
    Red Cloud Indian School
    100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 60,000
    Red Cloud Indian School
    100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 12,250
    Results for Development Institute Inc
    1111 19th Street NW Suite 700
    Washington,DC20036     		None PC Continued M&E Capacity Development Support 100,000
    Saint Clare's Tahoe A Mountain Montessori School
    PO Box 308
    Tahoe Vista,CA96148     		None PC General Operations 15,000
    Saint Paul and Minnesota Foundation
    101 Fifth Street East Suite 2400
    Saint Paul,MN551011800     		None PC Minnesota Disaster Recovery Fund (MDRF) #100744 10,000
    Salish Kootenai College
    PO Box 70 58138 US Highway 93
    Pablo,MT59855     		None PC Salish Kootenai College Early Childhood Program 5,000
    San Carlos Apache Catholic Community St Charles School
    PO Box 339
    San Carlos,AZ85550     		None PC Teach Them Apache Language Program 2020-2021 30,000
    San Carlos Apache Catholic Community St Charles School
    PO Box 339
    San Carlos,AZ85550     		None PC Teach Them Apache Language Program 2020-2021 12,250
    Sojourner Family Peace Center
    619 W Walnut St
    Milwaukee,WI53212     		None PC General Operating 5,000
    St Augustine Indian Mission School
    PO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 30,000
    St Augustine Indian Mission School
    PO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 12,250
    St Catherine University
    2004 Randolph Ave S
    St Paul,MN55105     		None PC Serving the Whole Child - Phase II 74,946
    St Joseph Mission School
    PO Box 370 26 School Road
    San Fidel,NM87049     		None PC Kindergarten Program, STEM Program 30,000
    St Joseph Mission School
    PO Box 370 26 School Road
    San Fidel,NM87049     		None PC Kindergarten Program, STEM Program 12,250
    St Mary's Mission School
    15341 St Marys Mission Rd
    Red Lake,MN56671     		None PC Support for the Counseling Program 30,000
    St Mary's Mission School
    15341 St Marys Mission Rd
    Red Lake,MN56671     		None PC Support for the Counseling Program 12,250
    St Michael Indian School
    PO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 30,000
    St Michael Indian School
    PO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 12,250
    Tanzania Home Economics Association
    Nyegezi - Masunu Street PO Box
    11242
    Mwanza    
    TZ     		None PC Expanding ECD Services Through Community-Based Organizations 150,000
    Tanzania Home Economics Association
    Nyegezi - Masunu Street PO Box
    11242
    Mwanza    
    TZ     		None PC Expanding ECD Services Through Community-Based Organizations 12,250
    TeamLift Inc
    2020 NE Multnomah St Apt 302
    Portland,OR97232     		None PC St. Mary's Secondary School Malawi Project for Girls 10,000
    Thunder Valley Community Development Corporation
    290 Empowerment Drive
    Porcupine,SD57772     		None PC Lakota Language Initiative 12,250
    Thunder Valley Community Development Corporation
    290 Empowerment Drive
    Porcupine,SD57772     		None PC Owyawa Ck'ala Lakota Immersion Montessori Project 140,000
    Trustees of Boston College
    140 Commonwealth Avenue
    Chestnut Hill,MA02467     		None PC Expansion and Evaluation of City Connects in New Early Childhood Settings and Populations 200,000
    Tumaini Letu
    PO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children 120,000
    Tumaini Letu
    PO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children 12,250
    United Indians Of All Tribes Foundation
    PO Box 99100
    Seattle,WA98139     		None PC DayBreak Star Preschool 5,000
    United Indians Of All Tribes Foundation
    PO Box 99100
    Seattle,WA98139     		None PC Daybreak Star Preschool 5,000
    University of Notre Dame
    400 Main Building
    Notre Dame,IN46556     		None PC Hesburgh Women of Impact 8,000
    University of Notre Dame
    400 Main Building
    Notre Dame,IN46556     		None PC American Indian Catholic Schools Network (AICSN) 7,000
    University of Notre Dame
    400 Main Building
    Notre Dame,IN46556     		None PC American Indian Catholic Schools Network (AICSN) 179,500
    Wicoie Nandagikendan
    1308 E Franklin Avenue Suite 126
    Minneapolis,MN55404     		None PC General Operations 42,250
    Total .................................bullet 3a 2,433,720
    bApproved for future payment
    Children in Crossfire Tanzania
    PO Box 23204
    Dar es Salaam    
    TZ     		None NC Building the Capacity and Leadership of TECDEN 200,000
    Red Cloud Indian School
    100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 120,000
    St Augustine Indian Mission School
    PO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 30,000
    St Michael Indian School
    PO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 60,000
    Thunder Valley Community Development Corporation
    290 Empowerment Drive
    Porcupine,SD57772     		None PC Owyawa Ck'ala | Lakota Immersion Montessori Project 220,000
    Tumaini Letu
    PO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children Phase II 315,000
    Total .................................bullet 3b 945,000
    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 10,712  
    4 Dividends and interest from securities....          
    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..... 525990 244,404 18 5,128,103  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 244,404 5,138,815 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,383,219
    (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

    Form 990PF Part XV Line 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
    Aim Higher Foundation2610 University Avenue W Suite 525
    St Paul,MN55114     		None PC General Operations 15,000
    Amani Girls HomePOBox 5073
    Mwanza    
    TZ     		None PC Mapema Education Scheme - MES 150,000
    Amani Girls HomePOBox 5073
    Mwanza    
    TZ     		None PC Mapema Education Scheme - MES 12,250
    Children in Crossfire TanzaniaPO Box 23204
    Dar es Salaam    
    TZ     		None NC Building the Capacity and Leadership of TECDEN 80,000
    Colorado Academy3800 S Pierce St
    Denver,CO80235     		None PC General Operations 10,000
    De La Salle Blackfeet School104 1st Street NW PO Box 1489
    Browning,MT59417     		None PC General Operations 30,000
    De La Salle Blackfeet School104 1st Street NW PO Box 1489
    Browning,MT59417     		None PC General Operations 12,250
    Dreams of Tanzania & Montessori Training CentrePO Box 10890 Kawekamo
    Ilemela    
    TZ     		None NC Emergency Response Funding 29,221
    Dreams of Tanzania & Montessori Training CentrePO Box 10890 Kawekamo
    Ilemela    
    TZ     		None NC Emergency Response Funding 12,250
    Financial Beginnings Oregon2705 E Burnside St 214 Portland OR
    97214
    Portland,OR97201     		None PC General Operations 15,000
    Indian Child Welfare Act Law Center1730 Clifton Place Suite 104
    Minneapolis,MN55403     		None PC General Operations 7,500
    Keres Children's Learning CenterPO Box 113
    Cochiti Pueblo,NM87072     		None PC Core Support and Indigenous Montessori/Early Childhood Network 100,000
    Keres Children's Learning CenterPO Box 113
    Cochiti Pueblo,NM87072     		None PC Core Support and Indigenous Montessori/Early Childhood Network 12,250
    Keres Children's Learning CenterPO Box 113
    Cochiti Pueblo,NM87072     		None PC Indigenous Montessori Institute 80,000
    Lower Sioux Indian CommunityPO Box 308 39527 Reservation
    Highway 1
    Morton,MN56270     		None GOV Core Support 40,000
    Lower Sioux Indian CommunityPO Box 308 39527 Reservation
    Highway 1
    Morton,MN56270     		None GOV Core Support 12,250
    Mailman School of Public Health722 West 168th St
    New York,NY10032     		None PC DrPH Student Scholarship Fund: Public Health and Humanitarian Action 15,000
    Mama's Hope Organization for Legal AssistancePO Box 1240 Hanyama Chember in
    Hamugembe ward
    Kagera    
    TZ     		None PC Stand and Speak for the Rights of Children in Kagera - Phase II 146,803
    Mama's Hope Organization for Legal AssistancePO Box 1240 Hanyama Chember in
    Hamugembe ward
    Kagera    
    TZ     		None PC Stand and Speak for the Rights of Children in Kagera - Phase II 12,250
    Minneapolis American Indian Center1530 E Franklin Ave
    Minneapolis,MN55404     		None PC General Operations 7,500
    Montessori American Indian Childcare Center1909 E Ivy Avenue
    St Paul,MN55119     		None PC General Operations 60,000
    Montessori American Indian Childcare Center1909 E Ivy Avenue
    St Paul,MN55119     		None PC General Operations 12,250
    National Native American Boarding School Healing Coalition2525 E Franklin Ave Ste 150
    Minneapolis,MN55406     		None PC Core Support 40,000
    Northwest Indian College Foundation2522 Kwina Road
    Bellingham,WA98226     		None PC NWIC "sacred little ones" ECE Project 5,000
    Our Lady of Grace Church5071 Eden Avenue
    Edina,MN55436     		None PC Advancing Our Mission Campaign 15,000
    Oweesta Corporation2432 Main Street 1st Floor
    Longmont,CO80501     		None PC General Operations 5,000
    Pine River-Backus Family CenterPO Box 1
    Pine River,MN56474     		None PC General Operations 5,000
    Progress Valley Inc1100 East 80th Street
    Bloomington,MN55420     		None PC General Operations 5,000
    Pueblo of Jemez Walatowa Head Start Language Immersion ProgramPO Box 100
    Jemez Pueblo,NM87024     		None GOV Core Support 90,000
    Red Cloud Indian School100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 60,000
    Red Cloud Indian School100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 12,250
    Results for Development Institute Inc1111 19th Street NW Suite 700
    Washington,DC20036     		None PC Continued M&E Capacity Development Support 100,000
    Saint Clare's Tahoe A Mountain Montessori SchoolPO Box 308
    Tahoe Vista,CA96148     		None PC General Operations 15,000
    Saint Paul and Minnesota Foundation101 Fifth Street East Suite 2400
    Saint Paul,MN551011800     		None PC Minnesota Disaster Recovery Fund (MDRF) #100744 10,000
    Salish Kootenai CollegePO Box 70 58138 US Highway 93
    Pablo,MT59855     		None PC Salish Kootenai College Early Childhood Program 5,000
    San Carlos Apache Catholic Community St Charles SchoolPO Box 339
    San Carlos,AZ85550     		None PC Teach Them Apache Language Program 2020-2021 30,000
    San Carlos Apache Catholic Community St Charles SchoolPO Box 339
    San Carlos,AZ85550     		None PC Teach Them Apache Language Program 2020-2021 12,250
    Sojourner Family Peace Center619 W Walnut St
    Milwaukee,WI53212     		None PC General Operating 5,000
    St Augustine Indian Mission SchoolPO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 30,000
    St Augustine Indian Mission SchoolPO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 12,250
    St Catherine University2004 Randolph Ave S
    St Paul,MN55105     		None PC Serving the Whole Child - Phase II 74,946
    St Joseph Mission SchoolPO Box 370 26 School Road
    San Fidel,NM87049     		None PC Kindergarten Program, STEM Program 30,000
    St Joseph Mission SchoolPO Box 370 26 School Road
    San Fidel,NM87049     		None PC Kindergarten Program, STEM Program 12,250
    St Mary's Mission School15341 St Marys Mission Rd
    Red Lake,MN56671     		None PC Support for the Counseling Program 30,000
    St Mary's Mission School15341 St Marys Mission Rd
    Red Lake,MN56671     		None PC Support for the Counseling Program 12,250
    St Michael Indian SchoolPO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 30,000
    St Michael Indian SchoolPO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 12,250
    Tanzania Home Economics AssociationNyegezi - Masunu Street PO Box
    11242
    Mwanza    
    TZ     		None PC Expanding ECD Services Through Community-Based Organizations 150,000
    Tanzania Home Economics AssociationNyegezi - Masunu Street PO Box
    11242
    Mwanza    
    TZ     		None PC Expanding ECD Services Through Community-Based Organizations 12,250
    TeamLift Inc2020 NE Multnomah St Apt 302
    Portland,OR97232     		None PC St. Mary's Secondary School Malawi Project for Girls 10,000
    Thunder Valley Community Development Corporation290 Empowerment Drive
    Porcupine,SD57772     		None PC Lakota Language Initiative 12,250
    Thunder Valley Community Development Corporation290 Empowerment Drive
    Porcupine,SD57772     		None PC Owyawa Ck'ala Lakota Immersion Montessori Project 140,000
    Trustees of Boston College140 Commonwealth Avenue
    Chestnut Hill,MA02467     		None PC Expansion and Evaluation of City Connects in New Early Childhood Settings and Populations 200,000
    Tumaini LetuPO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children 120,000
    Tumaini LetuPO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children 12,250
    United Indians Of All Tribes FoundationPO Box 99100
    Seattle,WA98139     		None PC DayBreak Star Preschool 5,000
    United Indians Of All Tribes FoundationPO Box 99100
    Seattle,WA98139     		None PC Daybreak Star Preschool 5,000
    University of Notre Dame400 Main Building
    Notre Dame,IN46556     		None PC Hesburgh Women of Impact 8,000
    University of Notre Dame400 Main Building
    Notre Dame,IN46556     		None PC American Indian Catholic Schools Network (AICSN) 7,000
    University of Notre Dame400 Main Building
    Notre Dame,IN46556     		None PC American Indian Catholic Schools Network (AICSN) 179,500
    Wicoie Nandagikendan1308 E Franklin Avenue Suite 126
    Minneapolis,MN55404     		None PC General Operations 42,250
    Total ...............................bullet 3a 2,433,720
    bApproved for future payment
    Children in Crossfire TanzaniaPO Box 23204
    Dar es Salaam    
    TZ     		None NC Building the Capacity and Leadership of TECDEN 200,000
    Red Cloud Indian School100 Mission Drive
    Pine Ridge,NE57770     		None PC Truth and Healing Project 120,000
    St Augustine Indian Mission SchoolPO Box 766 1 Mission Rd South
    Winnebago,NE68071     		None PC St. Augustine Blended Learning Initiative 30,000
    St Michael Indian SchoolPO Box 650
    Saint Michaels,AZ86515     		None PC Navajo Nation Junior Achievement Program 60,000
    Thunder Valley Community Development Corporation290 Empowerment Drive
    Porcupine,SD57772     		None PC Owyawa Ck'ala | Lakota Immersion Montessori Project 220,000
    Tumaini LetuPO Box 278 Muleba
    Bukoba    
    TZ     		None NC Wekeza kwa Mtoto Mdogo - Invest in Young Children Phase II 315,000
    Total ................................bullet 3b 945,000

    TY 2020 AccountingFeesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 21,382 0   21,382

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Children in Crossfire Tanzania
          		PO Box 23204
    Dar es Salaam    
    TZ     		2019-07-18 84,809 Reposition TECDEN (Tanzania ECD Network) as a viable leading platform for locally driven ECD advocacy. 84,809 None 02/15/2021   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
    Children in Crossfire Tanzania
          		PO Box 23204
    Dar es Salaam    
    TZ     		2020-03-11 80,000 Building the Capacity and Leadership of TECDEN 80,000 None 06/18/2021   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
    Dreams of Tanzania & Montessori Training Centre
          		PO Box 10890
    Ilemela    
    TZ     		2020-06-03 29,221 Emergency Response Funding 29,221 None 11/30/2020   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
    Dreams of Tanzania & Montessori Training Centre
          		PO Box 10890
    Ilemela    
    TZ     		2020-12-09 12,250 Emergency Response Funding 12,250 None 03/02/2021   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
    Tumaini Letu
          		PO Box 278 Muleba
    Bukoba    
    TZ     		2020-01-08 120,000 Wekeza kwa Mtoto Mdogo - Invest in Young Children 120,000 None 02/15/2021   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).
    Tumaini Letu
          		PO Box 278 Muleba
    Bukoba    
    TZ     		2020-12-09 12,250 Wekeza kwa Mtoto Mdogo - Invest in Young Children 12,250 None 02/15/2021   Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).

    TY 2020 GeneralExplanationAttachment
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1: Better Way Foundation pays GHR Foundation for management/philanthropy services, which are provided by some of the foundation's officers. Amounts paid during 2020 are as follows: GHR Foundation Suite 2950, 60 South 6th Street Minneapolis, MN 55402 $429,380

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Loeb Arbitrage Fund FMV 47,775 47,775
    Carlyle Europe Parts II, L.P. FMV 17,567 17,567
    Adler Asian Private Eqty, LLC FMV 153,819 153,819
    Adler Bond Fund FMV 13,574,817 13,574,817
    Adler CPV, LLC FMV 92,452 92,452
    Adler Energy Infrastr III, LLC FMV 30,192 30,192
    Adler Energy Infrastr IV, LLC FMV 57,402 57,402
    Adler Equity Fund FMV 19,730,461 19,730,461
    Adler Health Care, LLC FMV 108,561 108,561
    Adler New Europe PR Eqty, LLC FMV 53,970 53,970
    Adler Oaktree, LLC FMV 21,879 21,879
    Adler Opportunistic Debt, LLC FMV 2,862 2,862
    Adler Energy Finance, LLC FMV 74,141 74,141
    Adler Opportunistic Debt II, L FMV 1,020,585 1,020,585
    Adler CPVI, LLC FMV 830,859 830,859
    Adler Energy Infrastr V, LLC FMV 204,880 204,880
    Adler Health Partners III, LLC FMV 2,284,601 2,284,601
    Adler Small Buyout Fund, LLC FMV 1,126,843 1,126,843
    Adler Trans Recovery Fd, LLC FMV 621,408 621,408
    Adler Co-invest Opp Fd, LLC FMV 1,065,478 1,065,478
    Adler NGP XI, LLC FMV 915,058 915,058
    Adler Energy Finance II, LLC FMV 197,178 197,178
    Adler Opportunistic Debt III FMV 415,993 415,993
    Adler SG Small Buyout Fund III FMV 1,122,787 1,122,787
    Adler Cinven VI, LLC FMV 911,792 911,792
    Adler MPE Fund II, LLC FMV 791,396 791,396
    Adler Southfield II, LLC FMV 1,587,430 1,587,430
    Adler Health Partners IV, LLC FMV 1,472,049 1,472,049
    Adler Frontenac XI, LLC FMV 1,112,634 1,112,634
    Adler 2018 Alternative Investments, LLC FMV 2,746,773 2,746,773
    Adler 2019 Alternative Investments, LLC FMV 1,952,948 1,952,948
    Adler Panco Fund IV, LLC FMV 774,892 774,892
    Adler 2020 Alternative Investments, LLC FMV 479,795 479,795

    TY 2020 LegalFeesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 5,396 0   5,396


    TY 2020 OtherAssetsSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI 500,000 750,000 750,000


    TY 2020 OtherExpensesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues and Subscriptions 18,064 0   18,064
    Bank Fees 171 171   0
    Other Expenses 1,333 0   1,333
    Pass-through portfolio deductions 0 826,922   0
    Professional Development 390 0   390
    Insurance 3,533 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Allocated Partnership Income 5,372,507 0 5,372,507
    Allocated Partnership Income   970,388  


    TY 2020 OtherIncreasesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Description Amount
    Unrealized Gain/(Loss) 6,290


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Management Fees 408,748 0   408,748
    Consulting Fees 97,862 0   97,862
    Investment management fees 2,500 2,500   0


    TY 2020 TaxesSchedule
    Name:
    Better Way Foundation
    EIN:
    36-3608625
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax 0 27,852   0
    Excise Tax 1,488 0   0