Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
GREYSTONE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)730 2ND AVE S STE 1400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
A Employer identification number

41-6027765
B Telephone number (see instructions)

(612) 752-1770
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$9,756,076J 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 67,021 67,021  
4 Dividends and interest from securities... 70,393 70,393  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -239,179
b Gross sales price for all assets on line 6a 12,176
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 482,992 482,992  
12 Total. Add lines 1 through 11........ 381,227 620,406  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 12,500 0   12,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,600 800   800
c Other professional fees (attach schedule).... Click to see attachment 82,860 78,335   4,525
17 Interest............... 12,833 12,833   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 25 0   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 114,818 91,968   17,850
25 Contributions, gifts, grants paid....... 604,802 604,802
26 Total expenses and disbursements. Add lines 24 and 25 719,620 91,968   622,652
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -338,393
b Net investment income (if negative, enter -0-) 528,438
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.............      
2 Savings and temporary cash investments......... 53,383 614,620 614,620
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 5,307,697 Click to see attachment4,409,367 5,000,288
c Investments—corporate bonds (attach schedule)....... 4,131,131 Click to see attachment4,133,668 4,106,150
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 36,225 Click to see attachment32,388 35,018
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,528,436 9,190,043 9,756,076
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 9,528,436 9,190,043
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 9,528,436 9,190,043
30 Total liabilities and net assets/fund balances (see instructions). 9,528,436 9,190,043
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
9,528,436
2
Enter amount from Part I, line 27a .....................
2
-338,393
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
9,190,043
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
9,190,043
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 COMMONFUND INST EQUITY FD P    
b COMMONFUND INST EQUITY FD P    
c COMMONFUND INST BOND FUND P    
d OCTAGON P    
e COMMONFUND INST EQUITY FD 1256 P    
(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     114,921 -114,921
b 12,034     12,034
c 26     26
d     136,434 -136,434
e 116     116
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       -114,921
b       12,034
c       26
d       -136,434
e       116
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 -239,179
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 7,345
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 7,345
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 7,345
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,800
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 13,800
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 6,455
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet6,455 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletSAWMILL PRIVATE MANAGEMENT INC Telephone no.bullet (612) 752-1772

    Located atbullet730 SECOND AVE S STE 1400MINNEAPOLISMN 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
    DAVID P HERBERT TRUSTEE
    1.00     		0 0 0
    1400 - 730 BUILDING
    MINNEAPOLIS,MN55402
    COLIN S BROOKS TRUSTEE
    1.00     		0 0 0
    1400 - 730 BUILDING
    MINNEAPOLIS,MN55402
    MINNA BROOKS DIRECTOR
    4.00     		12,500 0 0
    1400 - 730 BUILDING
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    8,584,566
    b
    Average of monthly cash balances.......................
    1b
    638,146
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,222,712
    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
    9,222,712
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    138,341
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    9,084,371
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    454,219
    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
    454,219
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    7,345
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    7,345
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    446,874
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    446,874
    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
    446,874
    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
    622,652
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    622,652
    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
    622,652
    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 7 446,874
    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...... 364,290
    b From 2016...... 197,717
    c From 2017...... 380,195
    d From 2018...... 1,547,119
    e From 2019...... 351,507
    fTotal of lines 3a through e........ 2,840,828
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 622,652
    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..... 446,874
    e Remaining amount distributed out of corpus 175,778
    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 3,016,606
    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) ...     		364,290
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,652,316
    10 Analysis of line 9:
    a Excess from 2016.... 197,717
    b Excess from 2017.... 380,195
    c Excess from 2018.... 1,547,119
    d Excess from 2019.... 351,507
    e Excess from 2020.... 175,778
    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
    7 RIVERS LGBT RESOURCE CTR
    230 6TH ST S
    LA CROSSE,WI54601     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 16,500
    ABBOTT NORTHWESTERN HOSPITAL FOUNDATION
    800 E 28TH STREET
    MINNEAPOLIS,MN554073799     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    ABUSE COUNSELING AND TREATMENT INC
    PO BOX 60401
    FT MYERS,FL33906     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    ACP FOUNDATION
    PO BOX 832865
    RICHARDSON,TX75083     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    ADVENTIST DEV & RELIEF AGENCY
    12501 OLD COLUMBIA PIKE
    SILVER SPRING,MD20904     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    AMERICAN CANCER SOCIETY
    250 WILLIAMS STREET NW
    ATLANTA,GA30303     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    AMERICAN HEART ASSOCIATION
    710 2ND AVE SUITE 900
    SEATTLE,WA98104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    ANIMAL HUMANE SOCIETY
    40 E MAIN STREET
    NEWARK,DE19711     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    ARTSPACE
    250 THIRD AVE N STE 500
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    ASPCA
    424 E 92 ST
    NEW YORK,NY10128     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    ATO FOUNDATION
    32 E WASHINGTON STREET SUITE 1350
    INDIANAPOLIS,IN46204     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    BALTIMORE ANIMAL RESCUE
    301 STOCKHOLM STREET
    BALTIMORE,MD21230     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    BE THE MATCH FOUNDATION
    NW 5948 PO BOX 1450
    MINNEAPOLIS,MN55485     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    BIRCH CREEK MUSIC PERFORMANCE CENTER
    3821 COUNTY RD E
    EGG HARBOR,WI54209     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    BLAKE SCHOOL
    110 BLAKE ROAD SOUTH
    MINNEAPOLIS,MN55343     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000
    BRAIN & BEHAVIOR RESEARCH FOUNDATION
    90 PARK AVENUE 16TH FLOOR
    NEW YORK,NY10016     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    BRATTLEBORO MUSEUM & ART CENTER
    10 VERNON STREET
    BRATTLEBORO,VT05301     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    CENTER FOR PREVENTION OF ABUSE
    720 W JOAN CT
    PEORIA,IL61614     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CENTRAL PARK CONSERVANCY
    PO BOX 4004
    NEW YORK,NY10277     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CHABAD LUBAVITCH OF ALEXANDRIA-ARLINGTON
    1307 N HIGHLAND STREET
    ARLINGTON,VA22201     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    CHARLES E KUBLY FOUNDATION
    PO BOX 170284
    MILWAUKEE,WI53217     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CHILD AID
    917 SW OAK ST STE 208
    PORTLAND,OR97205     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CHRISTOPHER REEVE PARALYSIS FOUNDATION
    636 MORRIS TURNPIKE STE 3A
    SHORT HILLS,NJ07078     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    CITIZENS COMM ON HUMAN RIGHTS
    6616 SUNSET BOULEVARD
    LOS ANGELES,CA90028     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CITY HARVEST
    575 EIGHTH AVE 4TH FLOOR
    NEW YORK,NY10018     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    CITY MEALS ON WHEELS
    PO BOX 4007
    NEW YORK,NY10277     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    COALITION FOR THE HOMELESS
    129 FULTON ST
    NEW YORK,NY10273     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    COMMUNITY HOUSING AND RESOURCES INC
    PO BOX 1015
    PROVINCETOWN,MA02657     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    COMO FRIENDS
    1225 ESTABROOK DRIVE
    ST PAUL,MN55103     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    CONGREGATION BETH SHALOM
    163613 ORCHARD RD
    HOPKINS,MN55305     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    COURAGE KENNEY FOUNDATION
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    CRAZY HORSE MEMORIAL FOUNDATION
    12151 AVENUE OF THE CHIEFS
    CRAZY HORSE,SD57730     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    CUMMER MUSEUM
    829 RIVERSIDE DRIVE
    JACKSONVILLE,FL32204     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    CYSTIC FIBROSIS FOUNDATION
    6931 ARLINGTON ROAD 2ND FLOOR
    BETHESDA,MD20814     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    DAILY WORK
    105 UNIVERSITY AVE WEST
    ST PAUL,MN551032028     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    DALLAS BLACK DANCE THEATRE
    2700 ANN WILLIAMS WAY
    DALLAS,TX75201     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 25,000
    DAWN REDWOOD CHARITABLE TRUST
    1 BLACKFIELD DR STE 331
    BELVEDERE TIBURON,CA94920     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    DEERFIELD ACADEMY
    PO BOX 306
    DEERFIELD,MN01342     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    EDUCATIONAL OPPORTUNITIES INC
    3419 WESTMINSTER AVENUE NO 218
    DALLAS,TX75205     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000
    FAIRVIEW HOSPITAL
    29 LEWIS AVE
    GREAT BARRINGTON,MA01230     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    FARM SANCTUARY
    PO BOX 150
    WATKINS GLEN,NY14891     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    FARMER TO FARMER
    PO BOX 303
    GLENWOOD CITY,WI54734     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,251
    FEAST OF CRISPIAN
    PO BOX 1038
    MILWAUKEE,WI53201     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    FIRST UNITED METHODIST CHURCH
    230 EAST SKYLINE PARKWAY
    DULUTH,MN55811     		NONE SO I GENERAL OPERATIONS OF THE ORGANIZATION 35,000
    FISHER HOUSE WISCONSIN
    5000 W NATIONAL AVENUE
    MILWAUKEE,WI53295     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    FOOD BANK FOR NEW YORK CITY
    355 FOOD CENTER DR
    BRONX,NY10474     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    FRED HUTCHINSON CANCER RESEARCH CTR
    1100 FAIRVIEW AVE N
    SEATTLE,WA98109     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    FREEDOM FARM
    11500 FERMAN AVE SW
    WAVERLY,MN55390     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    FRESH AIR FUND
    633 THIRD AVE 14TH FLOOR
    NEW YORK,NY10164     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    FRIENDS OF THE DAVID SHELDRICK WILDLIFE TRUST
    201 NORTH ILLINOIS STREET
    INDIANAPOLIS,IN46204     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    GENERAL THEOLOGICAL SEMINARY
    440 W 21ST STREET
    NEW YORK,NY10011     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 25,000
    GOODWILL INDUSTRIES
    6055 N 91ST STREET
    MILWAUKEE,WI53225     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    GOUCHER COLLEGE
    1021 DULANEY VALLEY RD
    BALTIMORE,MD21204     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    GRAND MARAIS ART COLONY
    120 WEST 3RD AVE
    GRAND MARAIS,MN55604     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    GRAYWOLF PRESS
    250 THIRD AVE N STE 600
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    GREATER YELLOWSTONE COALITION
    PO BOX 1874
    BOZEMAN,MT59771     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    HIGHPOINT CENTER FOR PRINTMAKING
    912 WEST LAKE STREET
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    HOME FOR LIFE ANIMAL SANCTUARY
    PO BOX 847
    STILLWATER,MN550829888     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    INTEGRATED COMMUNITY SERVICES
    3020 KERNER BOULEVARD SUITE A
    SAN RAFAEL,CA94901     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    JAMES SEWELL BALLET
    528 HENNEPIN AVE SUITE 205
    MINNEAPOLIS,MN55403     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    JEWISH NATIONAL FUND
    42 E 69TH ST
    NEW YORK,NY10021     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    JUNGLE THEATER
    2951 LYNDALE AVE SOUTH
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    LAWRENCEVILLE SCHOOL
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 25,000
    LOFT LITERARY CENTER
    1011 WASHINGTON AVE SO SUITE 200
    MINNEAPOLIS,MN55415     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    MAYO CLINIC
    200 FIRST ST SW
    ROCHESTER,MN55905     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    MEDIA PROJECTS INC
    5215 HOMER STREET
    DALLAS,TX75206     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    MINNEAPOLIS POPS ORCHESTRA
    2712 41ST AVENUE SOUTH
    MINNEAPOLIS,MN55406     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN553189613     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    MINNESOTA PUBLIC RADIO
    45 EAST SEVENTH STREET
    ST PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    MINNETONKA CENTER FOR THE ARTS
    2240 NORTH SHORE DRIVE
    WAYZATA,MN55391     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    MIRACLEFEET
    107 CONNER DR 230
    CHAPEL HILL,NC27514     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    MN CENTER FOR ENVIRONMENTAL ADVOCACY
    26 EAST EXCHANGE STREET - SUITE 206
    ST PAUL,MN551012264     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    MUSIC FROM ALMOST YESTERDAY
    3813 N MURRAY AVENUE
    MILWAUKEE,WI53211     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 8,000
    MYOTONIC DYSTROPHY FDN
    10015 FOOTHILLS BLVD SUITE 130
    ROSEVILLE,CA95747     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    NAMEKAGON RIVER PARTNERSHIP
    PO BOX 1349
    HAYWARD,WI58483     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    NARAL PRO-CHOICE MINNESOTA FDN
    2300 MYRTLE AVE SUITE 120
    ST PAUL,MN55114     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    NATL AUDUBON SOCIETY
    PO BOX 41543
    PHILADELPHIA,PA19101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 9,500
    NEW YORK PUBLIC LIBRARY
    476 FIFTH AVENUE
    NEW YORK,NY10018     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    NORTHERN CLAY CENTER
    2424 FRANKLIN AVE E
    MINNEAPOLIS,MN55406     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 7,500
    NORTHSIDE ACHIEVEMENT ZONE
    2123 WEST BROADWAY AVENUE STE 100
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    OSPREY WILDS ENVIRONMENTAL LEARNING CENTER
    PO BOX 530 54165 AUDUBON DRIVE
    SANDSTONE,MN55072     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    PARK SQUARE THEATRE
    408 ST PETER STREET
    ST PAUL,MN55102     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    PARKS AND TRAILS COUNCIL OF MINNESOTA
    275 EAST 4TH STREET SUITE 642
    ST PAUL,MN55101     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    PEORIA AREA FOOD BANK
    711 W MC BEAN ST
    PEORIA,IL61605     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    PLANNED PARENTHOOD
    1200 LAGOON AVENUE
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 18,000
    POLICE ATHLETIC LEAGUE
    PO BOX 333
    NEW YORK,NY10211     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    PROGRESSIVE ANIMAL WELFARE SOCIETY
    PO BOX 1037
    LYNWOOD,WA98046     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,800
    PROJECT FOR PRIDE IN LIVING
    1035 E FRANKLIN AVENUE
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    RESTLESS LEGS SYNDROME FOUNDATION
    3006 BEE CAVE RD D-206
    AUSTIN,TX78746     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    RHODE ISLAND SCHOOL OF DESIGN
    TWO COLLEGE STREET
    PROVIDENCE,RI02903     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    SAN FRANCISCO MARIN FOOD BANK
    900 PENNSYLVANIA AVE
    SAN FRANCISCO,CA94107     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    SCHUBERT CLUB
    75 W FIFTH STREET SUITE 302
    ST PAUL,MN55102     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    SEATTLE CHILDREN'S HOSPITAL FOUNDATION
    M/S S-200 PO BOX 5371
    SEATTLE,WA98145     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    SECOND HARVEST HEARTLAND
    6325 SANDBURG RD NO 1700
    GOLDEN VALLEY,MN55427     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    SECOND STORK
    130 EVA STREET
    ST PAUL,MN55107     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    SIMPSON HOUSING SERVICES
    2100 PILLSBURY AVE SO
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    SOUTHSIDE FAMILY SCHOOL
    4500 CLINTON AVE SO
    MINNEAPOLIS,MN55419     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 18,800
    SPECIAL OLYMPICS
    1133 19TH STREET NW
    WASHINGTON,DC20036     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    SPIDER CHAIN OF LAKES ASSOCIATION
    PO BOX 1082
    HAYWARD,WI54843     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    ST CECILIA CATHOLIC CHURCH
    1310 MADISON AVE NORTH
    BAINBRIDGE ISLAND,WA98110     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,500
    ST PAUL ACADEMY & SUMMIT SCHOOL
    1712 RANDOLPH AVENUE
    ST PAUL,MN55105     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    ST THOMAS THE APOSTLE CHURCH
    6525 INWOOD ROAD
    DALLAS,TX75209     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 32,000
    TEMPLE EMANU-EL
    8500 HILLCREST ROAD
    DALLAS,TX75225     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    TEN CHIMNEYS FOUNDATION INC
    PO BOX 225
    GENESEE DEPOT,WI53127     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,000
    TERGAR INTERNATIONAL
    810 S 1ST ST STE 200
    HOPKINS,MN55345     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 4,000
    TEXAS TECH FOUNDATION
    PO BOX 41081
    LUBBOCK,TX79409     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    TEXTILE CENTER OF MN
    3000 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 551
    THE CHILDREN'S MUSEUM OF ROCHESTER INC
    1201 12TH STREET SW SUITE 632
    ROCHESTER,MN55902     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    THE DALLAS FOUNDATION
    3963 MAPLE AVENUE STE 390
    DALLAS,TX75219     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 50,000
    THE EPISCOPAL CHURCHDFMS
    815 SECOND AVENUE
    NEW YORK,NY10017     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000
    THE NAVAL INSTITUTE FOUNDATION INC
    291 WOOD ROAD
    ANNAPOLIS,MD21402     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 13,500
    TOWN SCHOOL
    54 E 76TH STREET
    NEW YORK,NY10021     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    TRINITY EPISCOPAL CHURCH
    469 NW WALL STREET
    BEND,OR97701     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000
    UNITED WAY OF KING COUNTY
    720 SECOND AVENUE
    SEATTLE,WA98104     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    UNIVERSITY OF MN FOUNDATION
    200 OAK STREET SE NO 500
    MINNEAPOLIS,MN55455     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    UNIVERSITY OF TEXAS AT AUSTIN
    2901 NORTH IH-35 SUITE 4100
    AUSTIN,TX78712     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    UNIVERSITY SCHOOL OF MILWAUKEE
    2100 WEST FAIRY CHASM ROAD
    MILWAUKEE,WI53217     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    VERMONT JAZZ CENTER
    72 COTTON MILL HILL
    BRATTLEBORO,VT05301     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    VIRGINIA MASON FOUNDATION
    PO BOX 1930
    SEATTLE,WA98111     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,800
    VOCALESSENCE WITNESS SCHOOL PROGRAM
    1900 NICOLLET AVE
    MINNEAPOLIS,MN55403     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    WAY TO GROW
    201 IRVING AVE N SUITE 100
    MINNEAPOLIS,MN55405     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000
    WILD SPACE DANCE INC
    820 E KNAPP
    MILWAUKEE,WI53202     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500
    WILDLIFE PRAIRIE PARK
    3826 N TAYLOR ROAD
    HANNA CITY,IL61536     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    WILDLIFE REHABILITATION CENTER OF MN
    2530 DALE STREET
    ROSEVILLE,MN55113     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000
    WMHT EDUCATIONAL TELECOMM
    4 GLOBAL VIEW
    TROY,NY12180     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    WOMEN'S FREEDOM CENTER
    PO BOX 933
    BRATTLEBORO,VT05302     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    WORLD POPULATION BALANCE
    PO BOX 23472
    MINNEAPOLIS,MN55423     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500
    WORLD WILDLIFE FUND
    1250 24TH ST NW FL 2
    WASHINGTON,DC200371193     		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500
    Total .................................bullet 3a 604,802
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    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 67,021  
    4 Dividends and interest from securities....     14 70,393  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 482,992  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -239,179  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 381,227 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    381,227
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND MISC FEES - EIDE BAILY 1,600 800   800

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    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
    TIGERLION ARTS
          		730 SECOND AVE S
    MINNEAPOLIS,MN55402     		2019-05-17 500 GENERAL SUPPORT OF TIGERLION ARTS.   NONE TO BE RECEIVED    

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Name of Bond End of Year Book Value End of Year Fair Market Value
    INST MULTI-STRATEGY BOND FUND 3,251,136 3,099,983
    OCTAGON HIGH INCOME CAYMAN FD 882,532 1,006,167

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INST MULTI-STRATEGY EQUITY FD 4,409,367 5,000,288

    TY 2020 InvestmentsOtherSchedule2
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WHITEHALL STREET GLOBAL PTRS AT COST 153 2,783
    GS INSTITUTIONAL FUND MMKT AT COST 32,235 32,235

    TY 2020 OtherExpensesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN FILING FEE 25 0   25


    TY 2020 OtherIncomeSchedule2
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME FROM K-1 482,992 482,992 482,992


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO EXPENSE FROM K-1 38,895 38,895   0
    MANAGEMENT FEES FROM K-1 28,882 28,882   0
    SAWMILL PRIVATE MANAGEMENT INC 15,083 10,558   4,525


    TY 2020 TaxesSchedule
    Name:
    GREYSTONE FOUNDATION
    EIN:
    41-6027765
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES PAID 5,000 0   0