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
KRISBIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)366 FERNDALE ROAD S
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAYZATA, MN55391
A Employer identification number

41-6419749
B Telephone number (see instructions)

(612) 812-6354
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$6,594,974J 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) 93,953
2 Check bullet.............
3 Interest on savings and temporary cash investments 35,876 35,876  
4 Dividends and interest from securities... 92,273 92,273  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 17,726
b Gross sales price for all assets on line 6a 1,950,888
7 Capital gain net income (from Part IV, line 2)... 17,726
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 239,828 145,875  
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 620 620   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 4,334 4,334   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,954 4,954   0
25 Contributions, gifts, grants paid....... 315,000 315,000
26 Total expenses and disbursements. Add lines 24 and 25 319,954 4,954   315,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -80,126
b Net investment income (if negative, enter -0-) 140,921
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......... 115,036 309,489 309,489
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)....... 2,216,655 Click to see attachment1,941,101 2,949,546
c Investments—corporate bonds (attach schedule)....... 1,089,804 Click to see attachment1,290,651 1,417,943
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,031,742 Click to see attachment1,831,870 1,917,996
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) 5,453,237 5,373,111 6,594,974
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........ 4,588,269 4,588,269
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 864,968 784,842
29 Total net assets or fund balances (see instructions)..... 5,453,237 5,373,111
30 Total liabilities and net assets/fund balances (see instructions). 5,453,237 5,373,111
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
5,453,237
2
Enter amount from Part I, line 27a .....................
2
-80,126
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,373,111
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
5,373,111
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 MORGAN STANLEY 039754, DETAIL AVAILABLE   2020-01-01 2020-12-31
b MORGAN STANLEY 039754, DETAIL AVAILABLE   2020-01-01 2020-12-31
c MORGAN STANLEY 039754, DETAIL AVAILABLE   2019-01-01 2020-12-31
d MORGAN STANLEY 039754, DETAIL AVAILABLE   2019-01-01 2020-12-31
e MORGAN STANLEY 043507, DETAIL AVAILABLE   2020-01-01 2020-12-31
MORGAN STANLEY 043507, DETAIL AVAILABLE   2019-01-01 2020-12-31
ALTERNATIVE INVESTMENT K-1'S - SHORT TERM   2020-01-01 2020-12-31
ALTERNATIVE INVESTMENT K-1'S - LONG TERM   2019-01-01 2020-12-31
FIDELITY 9129, DETAIL AVAILABLE   2020-01-01 2020-12-31
(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 37,041   37,050 -9
b 176,312   198,451 -22,139
c 543,262   604,606 -61,344
d 298,737   314,780 -16,043
e 333,761   346,281 -12,520
356,451   371,817 -15,366
469     469
141,188     141,188
63,667   60,177 3,490
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       -9
b       -22,139
c       -61,344
d       -16,043
e       -12,520
      -15,366
      469
      141,188
      3,490
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 17,726
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 1,959
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 1,959
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 1,959
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 13,626
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 13,626
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 11,667
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet11,667 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 ofbulletROBBIN S JOHNSON Telephone no.bullet (612) 812-6354

    Located atbullet366 FERNDALE ROAD SWAYZATAMN ZIP+4bullet55391
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ROBBIN S JOHNSON TRUSTEE
    0.00     		0 0 0
    366 FERNDALE ROAD S
    WAYZATA,MN55391
    B KRISTINE JOHNSON TRUSTEE
    0.00     		0 0 0
    366 FERNDALE ROAD S
    WAYZATA,MN55391
    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
    6,019,694
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,019,694
    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
    6,019,694
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    90,295
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,929,399
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    296,470
    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
    296,470
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,959
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,959
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    294,511
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    294,511
    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
    294,511
    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
    315,000
    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
    315,000
    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
    315,000
    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 7 294,511
    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...... 22,172
    b From 2016...... 37,743
    c From 2017...... 513
    d From 2018...... 18,833
    e From 2019...... 12,912
    fTotal of lines 3a through e........ 92,173
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 315,000
    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..... 294,511
    e Remaining amount distributed out of corpus 20,489
    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 5 112,662
    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) ...     		22,172
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		90,490
    10 Analysis of line 9:
    a Excess from 2016.... 37,743
    b Excess from 2017.... 513
    c Excess from 2018.... 18,833
    d Excess from 2019.... 12,912
    e Excess from 2020.... 20,489
    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).)
    ROBBIN S JOHNSON
    B KRISTINE JOHNSON
    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
    BLAKE SCHOOL
    511 KENWOOD PKWY
    MINNEAPOLIS,MN55403     		    DONATION 2,500
    BLAKE SCHOOL
    511 KENWOOD PKWY
    MINNEAPOLIS,MN55403     		    DONATION 2,500
    BLOOM EARLY
    17805 COUNTY RD 6
    PLYMOUTH,MN55447     		    DONATION 10,000
    BOSTON MEDICAL CENTER
    ONE BOSTON MEDICAL CENTER PLAZA
    BOSTON,MA02118     		    DONATION 1,000
    BREAKTHROUGH GREATER BOSTON
    459 BROADWAY
    CAMBRIDGE,MA02138     		    DONATION 5,000
    BUILD
    900 JEFFERSON AVE
    REDWOOD CITY,CA94063     		    DONATION 10,000
    CAMP ODAYIN
    3503 HIGH POINT DR N
    OAKDALE,MN55128     		    DONATION 1,000
    CLOSE GAPS BY 5
    2800 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		    DONATION 50,000
    COMMUNITY RESOURCES FOR CHILDREN
    3299 CLAREMONT WAY STE 1
    NAPA,CA94558     		    DONATION 5,000
    FRIENDS OF THE CHILDREN
    44 NE MORRIS ST 3015
    PORTLAND,OR97212     		    DONATION 5,000
    COLLEGE BACKER FOUNDATION
    269 S BEVERLY DRIVE 338
    BEVERLY HILLS,CA90212     		    DONATION 5,000
    DODOMA
    8085 WAYZATA BLVD STE 103
    MINNEAPOLIS,MN55426     		    DONATION 1,000
    GREATER BOSTON FOOD BANK
    70 S BAY AVE
    BOSTON,MA02118     		    DONATION 2,000
    GREATER TWIN CITIES UNITED WAY
    404 S 8TH ST
    MINNEAPOLIS,MN55404     		    DONATION 20,000
    HARVARD UNIVERSITY
    1350 MASSACHUSETTS AVE
    CAMBRIDGE,MA02138     		    DONATION 2,500
    HEALTH LEADS
    24 SCHOOL ST
    BOSTON,MA02108     		    DONATION 2,000
    INTERFAITH OUTREACH
    1605 COUNTY RD 101 N
    PLYMOUTH,MN55447     		    DONATION 10,000
    LIFT
    999 N CAPITOL STREET NE SUITE 310
    WASHINGTON,DC20002     		    DONATION 5,000
    MICROGRANTS
    3817 PLEASANT AVE S
    MINNEAPOLIS,MN55409     		    DONATION 2,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 W BROADWAY AVE 100
    MINNEAPOLIS,MN55411     		    DONATION 5,000
    PARTNERSHIP ACADEMY
    6500 NICOLLET AVE
    MINNEAPOLIS,MN55423     		    DONATION 5,000
    REACH OUT AND READ
    701 N WASHINGTON AVE
    MINNEAPOLIS,MN55401     		    DONATION 15,000
    SECOND HARVEST HEARTLAND
    7101 WINNETKA AVE N
    BROOKLYN PARK,MN55428     		    DONATION 2,000
    SPONSORS FOR EDUCATIONAL OPPR
    55 EXCHANGE PL SUITE 601
    NEW YORK,NY10005     		    DONATION 20,000
    ST DAVID'S CENTER
    3395 PLYMOUTH ROAD
    MINNETONKA,MN55305     		    DONATION 5,000
    ST FRANCIS HOUSE
    39 BOYLSTON STREET
    BOSTON,MA02116     		    DONATION 2,000
    ST OLAF COLLEGE
    1520 ST OLAF AVE
    NORTHFIELD,MN55057     		    DONATION 15,000
    THINK SMALL
    10 YORKTON COURT
    ST PAUL,MN55117     		    DONATION 5,000
    THINK SMALL
    10 YORKTON COURT
    ST PAUL,MN55117     		    DONATION 25,000
    UNITED WAY BAY AREA
    550 KEARNY ST SUITE 1000
    SAN FRANCISCO,CA94108     		    DONATION 20,000
    UNITED WAY MASS BAY
    51 SLEEPER ST
    BOSTON,MA02210     		    DONATION 20,000
    UNIVERSITY OF MINNESOTA
    100 CHURCH ST SE
    MINNEAPOLIS,MN55455     		    DONATION 5,000
    WALLIN ED PARTNERS
    5200 WILLSON RD 209
    MINNEAPOLIS,MN55424     		    DONATION 10,000
    WOMEN'S LUNCH PLACE
    67 NEWBURY ST
    BOSTON,MA02116     		    DONATION 2,000
    YALE UNIVERSITY
    157 CHURCH STREET
    NEW HAVEN,CT06510     		    DONATION 10,000
    YALE UNIVERSITY
    157 CHURCH STREET
    NEW HAVEN,CT06510     		    DONATION 5,000
    ACT BLUE
    ONLINE
    SOMMERVILLE,MA02143     		    DONATION 2,500
    Total .................................bullet 3a 315,000
    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 35,876  
    4 Dividends and interest from securities....     14 92,273  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    41 17,726  
    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).. 0 145,875 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    145,875
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    KRISBIN FOUNDATION
     
    Employer identification number

    41-6419749
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    KRISBIN FOUNDATION
          		Employer identification number
    41-6419749
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ROBBIN B KRISTINE JOHNSON
    366 FERNDALE ROAD S
     
    WAYZATA, MN55391

    		$ 31,476


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ROBBIN B KRISTINE JOHNSON
    366 FERNDALE ROAD S
     
    WAYZATA, MN55391

    		$ 37,630


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    BERIT MIKE HOFFMANN
    2450 LARKIN STREET
     
    SAN FRANCISCO, CA94109

    		$ 24,847


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    KRISBIN FOUNDATION
          		Employer identification number

    41-6419749
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 MISCELLANEOUS SHARES OF STOCK $ 181,026 2020-08-17
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 1,000 SHARES PIPER SANDLER COMPANIES STOCK $ 93,685 2020-11-18
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 5 SHARES AMAZON AND 150 SHARES ISHARES RUSSELL 1000 GROWTH $ 51,309 2020-12-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    KRISBIN FOUNDATION
          		Employer identification number

    41-6419749
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    KRISBIN FOUNDATION
    EIN:
    41-6419749
    Name of Bond End of Year Book Value End of Year Fair Market Value
    8,000 BLACKROCK INTL GROWTH 43,192 46,960
    240.398 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 13,252 22,093
    18.621 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 1,065 1,711
    16.794 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 983 1,543
    14.093 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 838 1,295
    17.611 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 992 1,618
    15.144 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 848 1,392
    13.629 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 841 1,253
    18.214 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 1,260 1,674
    90.496 ISHARES SP SMALLCAP 600 INDEX, DONATED 445 TOTAL 6,825 8,317
    1000 ISHARES S&P 100, DONATED 39,447 171,640
    4,750 SCHWAB US DVD EQUITY ETF 280,887 304,665
    100,000 ENERGY TRANSFER PARTNERS LP 71,917 69,750
    100,000 JP MORGAN CHASE 5% FXD TO 7/31/19 104,224 98,244
    46,742 MSIF ULTRA-SHORT INCOME A 551,575 551,117
    50,000 BCS 6.2% CONTINGENT CALLABLE SPX 50,000 49,115
    8,500 FIRST TR MLP&ENRG INC 100,471 49,385
    150 ISHARES RUSSELL 1000 GRW ETF 22,034 36,171

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    KRISBIN FOUNDATION
    EIN:
    41-6419749
    Name of Stock End of Year Book Value End of Year Fair Market Value
    500 CUTERA INC 3,724 12,055
    1,000 JP MORGAN CHASE 54,248 127,070
    1,417 MPLX, COST BASIS DIFFERENCE SEE K-1 6,515 30,678
    2,800 PFIZER 72,420 103,068
    825 PHILIP MORRIS 75,098 68,302
    2,000 CONAGRA FOODS 46,856 72,520
    3,246 MEDTRONIC PLC SHS 245,620 380,236
    1,000 MEDTRONIC PLC SHS 74,839 117,140
    12,500 MS DUAL DIRECTIONAL TRIGGER JUMP ON SPX 125,000 212,563
    10,000 MS DUAL DIRECTIONAL TRIGGER JUMP SPX 100,000 113,350
    10,000 MS TRIGGER PLUS ON SX5E 100,000 109,570
    12,500 MS TRIGGER PLUS ON THE S&P 500 INDEX 125,000 256,813
    10,000 CS UNCAPPED TRIGGER JUMP ON SX5E 100,000 119,800
    20,000 JMP TRIGGER PLUS ON SX5E 200,000 234,600
    600 3M COMPANY 94,579 104,874
    87 ACCENTURE PLC 3,074 22,725
    5 AMAZON COM INC 2,814 16,285
    20,000 BCS TRIGGER PLUS SPX 200,000 270,000
    97 DANAHER CORPORATION 2,283 21,548
    102 ECOLAB INC 4,997 22,069
    101 ILL TOOL WORKS INC 4,127 20,592
    96 MICROSOFT CORP 2,353 21,352
    1,000 PIPER SANDLER COMPANIES 37,630 100,900
    268 PIPER SANDLER COMPANIES 20,507 27,041
    30 SHERWIN WILLIAMS COMPANY 1,747 22,047
    21 STRYKER CORP 836 5,146
    85 STRYKER CORP 3,909 20,828
    49 THERMO FISHER SCIENTIFIC 2,491 22,823
    347 VIATRIS INC 3,989 6,503
    102 VISA INC 5,659 22,310
    31 ATLASSIAN CORP 6,952 7,250
    364 NIELSEN HLDGS PLC 5,526 7,597
    97 SEAGATE TECHNOLOGY PLC 4,807 6,030
    18 FERRARI 3,012 4,131
    11 ADOBE SYSTEMS 4,438 5,501
    189 AIR LEASE CORP 5,510 8,395
    24 ALIBABA GROUP HOLDING LTD 5,873 5,586
    4 ALPHABET INC 5,977 7,008
    2 AMAZON.COM INC 5,701 6,514
    135 ANHEUSER-BUSCH 6,495 9,438
    48 AUTOMATIC DATA PROCESSING INC 6,773 8,458
    26 CANADIAN PACIFIC RAILWAY COMPANY 7,175 9,014
    103 CENTENE CORP 6,569 6,183
    12 CHARTER COMMUNICATIONS 6,762 7,939
    21 COUPA SOFTWARE INC 5,281 7,117
    33 DOCUSIGN INC 5,359 7,336
    101 DYNATRACE INC 3,806 4,370
    360 EQT CORP 5,035 4,576
    41 EXPEDIA GROUP 5,279 5,428
    22 FACEBOOK INC 5,383 6,009
    34 FIDELITY NATL INFORMATION SERVICES 4,806 4,810
    110 FRONTDOOR INC 4,738 5,523
    33 GLOBAL PAYMENTS INC 5,998 7,109
    52 GUIDEWIRE SOFTWARE INC 5,246 6,694
    74 HILTON WORLDWIDE HLDGS 6,349 8,233
    54 JP MORGAN CHASE & CO 6,541 6,862
    62 JD.COM INC 4,663 5,450
    168 KKR & CO INC 5,062 6,802
    180 LKQ CORP 5,083 6,343
    88 LENNAR CORP 5,923 6,708
    30 MICROSOFT CORP 5,985 6,673
    18 MOODYS CORP 4,734 5,224
    83 MORGAN STANLEY COM 3,701 5,688
    8 OREILLY AUTOMOTIVE INC 3,347 3,620
    56 PROCTER AND GAMBLE CO 7,124 7,792
    79 STARBUCKS CORP 6,280 8,451
    15 TRANSDIGM GROUP INC 6,479 9,283
    132 US BANCORP 4,889 6,150
    19 UNITED HEALTH GROUP INC 6,017 6,663
    31 VISA INC 6,108 6,780

    TY 2020 InvestmentsOtherSchedule2
    Name:
    KRISBIN FOUNDATION
    EIN:
    41-6419749
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AIP ALT LENDING PLACEMENT AT COST 288,055 293,628
    HPC STARBOARD VALUE AT COST 607,250 607,250
    BX TAC OPPS II OFF FDR LP AT COST 252,057 291,449
    CARLYLE ENERG CR OPP II OFF AT COST 122,748 86,891
    COHESIVE CAP PTRNS OF AT COST 57,041 130,609
    GS MIDDLE MARKET LENDING AT COST 100,000 88,748
    GTIS US RESIDENTIAL AT COST 161,167 171,957
    MS COLONY DISTRESSED CREDIT & SPECIAL SITUATIONS III (CDCF III) AT COST 136,634 130,215
    SOFIA ANGEL FUND AT COST 52,815 63,750
    MS DIRECT LENDING FUND AT COST 54,103 53,499

    TY 2020 OtherExpensesSchedule
    Name:
    KRISBIN FOUNDATION
    EIN:
    41-6419749
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT PORTFOLIO FEES 4,309 4,309   0
    MN FILING FEE 25 25   0


    TY 2020 TaxesSchedule
    Name:
    KRISBIN FOUNDATION
    EIN:
    41-6419749
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN 620 620   0