Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Opus Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)Suite 2950 60 South 6th Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55402
A Employer identification number

41-1983284
B Telephone number (see instructions)

(612) 440-2500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$96,341,396J 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) 3,813,856
2 Check bullet.............
3 Interest on savings and temporary cash investments 33,460 33,460  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 2,340,916
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 9,023,678 1,586,647  
12 Total. Add lines 1 through 11........ 12,870,994 3,961,023  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 19,536 0   18,187
b Accounting fees (attach schedule)....... Click to see attachment 27,538 0   27,538
c Other professional fees (attach schedule).... Click to see attachment 570,680 4,000   566,680
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,543 47,952   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,720 255   4,464
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 11,333 1,354,597   13,038
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 676,350 1,406,804   629,907
25 Contributions, gifts, grants paid....... 3,410,650 3,200,650
26 Total expenses and disbursements. Add lines 24 and 25 4,087,000 1,406,804   3,830,557
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 8,783,994
b Net investment income (if negative, enter -0-) 2,554,219
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......... 4,495,321 3,890,972 3,890,972
3 Accounts receivable bullet1,417
Less: allowance for doubtful accounts bullet     1,417 1,417
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..........   2,038 2,038
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 82,851,942 Click to see attachment90,446,969 90,446,969
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment2,000,000 Click to see attachment2,000,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 87,347,263 96,341,396 96,341,396
Liabilities 17 Accounts payable and accrued expenses.......... 7,500 1,350
18 Grants payable................. 390,000 600,000
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)......... 397,500 601,350
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 86,949,763 95,740,046
29 Total net assets or fund balances (see instructions)..... 86,949,763 95,740,046
30 Total liabilities and net assets/fund balances (see instructions). 87,347,263 96,341,396
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
86,949,763
2
Enter amount from Part I, line 27a .....................
2
8,783,994
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,289
4
Add lines 1, 2, and 3 ..........................
4
95,740,046
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
95,740,046
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Capital Gain Distributions From Partnerships P    
b Capital Gain Distributions From Partnerships P    
c Loeb Arbitrage Fund LT Capital Gain P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     210,178 -210,178
b 2,550,692     2,550,692
c 402     402
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -210,178
b       2,550,692
c       402
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,340,916
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 35,504
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 35,504
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 35,504
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 55,784
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 62,284
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 26,780
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet26,780 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See 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 ofbulletTax Officer Telephone no.bullet (612) 440-2500

    Located atbulletSuite 2950 60 South 6th StreetMinneapolisMN ZIP+4bullet55402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    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
    Jeff Rauenhorst President/Chair
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristin Ridley Vice President
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kate Seng Vice President
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Carolyn Roby Treasurer/Secretary
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristen Grubb Tax Officer
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Joe Downs Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Dave Menke Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Tim Murnane Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Anne Peacock Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristine Rauenhorst Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Mary Weber Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kim Noona Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Ian Widmer Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GHR Foundation Management/Philanthropy Services 585,718
    60 South 6th Street Suite 2950
    Minneapolis,MN55402
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 IFF - Equity Equivalent Investment 1,000,000
    2 CommonBond Communities - Housing Investment Fund 500,000
    All other program-related investments. See instructions.
    3 Click to see attachment 500,000
    Total. Add lines 1 through 3.........................bullet2,000,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    53,865,635
    b
    Average of monthly cash balances.......................
    1b
    3,689,071
    c
    Fair market value of all other assets (see instructions)................
    1c
    25,984,345
    d
    Total (add lines 1a, b, and c).........................
    1d
    83,539,051
    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
    83,539,051
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,253,086
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    82,285,965
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,114,298
    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
    4,114,298
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    35,504
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    35,504
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,078,794
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,078,794
    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
    4,078,794
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,830,557
    b
    Program-related investments—total from Part IX-B..................
    1b
    2,000,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    5,830,557
    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
    5,830,557
    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 4,078,794
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,563,950
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,830,557
    a Applied to 2019, but not more than line 2a 3,563,950
    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..... 2,266,607
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,812,187
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    A New Leaf
    868 E University Drive
    Mesa,AZ85203     		None PC COVID-19 Emergency Response 5,000
    ACE Mentor Program of St Louis
    10 S Broadway Suite 200
    St Louis,MO63102     		None PC Mentoring Program 5,000
    American Cancer Society Inc
    950 Blue Gentian Rd Suite 100
    Eagan,MN55121     		None PC Hope Lodge 5,000
    Arizona Helping Hands
    3110 East Thunderbird Road Suite
    100
    Phoenix,AZ85032     		None PC Basic Needs program 5,000
    Ballard Center
    708 Elm Street PO Box 7
    Lawrence,KS66044     		None PC Early Childhood Education Program 5,000
    Better Futures Minnesota
    813 North 5th Street
    Minneapolis,MN55401     		None PC Capacity Building 50,000
    Beyond Ball
    4020 121st Street
    Urbandale,IA50323     		None PC Tutoring program 5,000
    Beyond Housing
    6506 Wright Way
    St Louis,MO63121     		None PC COVID-19 Emergency Response 5,000
    Big Brothers Big Sisters of the Greater Twin Cities
    3110 Washington Ave N
    Minneapolis,MN55411     		None PC General Operations 10,000
    Big Brothers Big Sisters of the Greater Twin Cities
    3110 Washington Ave N
    Minneapolis,MN55411     		None PC Online Training Platform and Assessment Tool 50,000
    Boys & Girls Clubs of Greater Kansas City
    4001 Blue Parkway Ste 102
    Kansas City,MO64130     		None PC COVID-19 Emergency Response 30,000
    Breck School
    123 Ottawa Avenue North
    Minneapolis,MN55422     		None PC Multicultural & Anti-Racism Curriculum 5,000
    Building Futures
    112 Saint George Place
    Saint Louis,MO631194647     		None PC Building Community Award Finalist 5,000
    Building Futures
    112 Saint George Place
    Saint Louis,MO631194647     		None PC Program Enhancements and Capacity Building Efforts 75,000
    Camp Fire Minnesota
    3300 Tanadoona Drive
    Excelsior,MN55331     		None PC K-12 Environmental Education & STEM Program 75,000
    CAP Agency
    712 Canterbury Road S
    Shakopee,MN55379     		None PC Covid-19 Community Support 5,000
    Cardinal Ritter Senior Services
    7601 Watson Road
    St Louis,MO63119     		None PC General Operations 15,000
    Cardinal Ritter Senior Services
    7601 Watson Road
    St Louis,MO63119     		None PC COVID-19 Emergency Response 30,000
    Catholic Charities of the Archdiocese of Saint Paul and Minneapolis
    1200 2nd Ave South
    Minneapolis,MN55403     		None PC COVID-19 Emergency Response 5,000
    Catholic Climate Covenant
    415 Michigan Avenue NE Suite 260
    Washington,DC20017     		None PC General Operations 1,500
    Center for Enriched Living
    280 Saunders Road
    Riverwoods,IL60015     		None PC Building Community Award Finalist 5,000
    Child Crisis Arizona
    817 N Country Club Drive
    Mesa,AZ85201     		None PC COVID-19 Emergency response 30,000
    Christ Community Lutheran School
    512 County Road 10
    Watertown,MN55388     		None PC General Operations 2,000
    Christopher House
    5235 West Belden Avenue
    Chicago,IL60639     		None PC COVID-19 Emergency Response 30,000
    Christopher House
    5235 West Belden Avenue
    Chicago,IL60639     		None PC COVID-19 Emergency Response 30,000
    Colorado Coalition for the Homeless
    2111 Champa Street
    Denver,CO80205     		None PC COVID-19 Emergency Response 5,000
    Colorado Coalition for the Homeless
    2111 Champa Street
    Denver,CO80205     		None PC COVID-19 Emergency Response 30,000
    Colorado District Council of the Urban Land Institute
    1356 Wynkoop Street Suite 211
    Denver,CO80202     		None PC Real Estate Diversity Initiative 5,000
    Common Pantry
    3744 N Damen Ave
    Chicago,IL60618     		None PC Kitchen Renovations 5,000
    CommonBond Communities
    1080 Montreal Ave
    St Paul,MN55116     		None PC Wisconsin General Operations and Services 8,000
    Construction Careers Foundation
    10590 Wayzata Blvd Suite 100
    Minnetonka,MN55305     		None PC Strengthening the Construction Career Pathways Model 285,000
    Construction Education Foundation of Colorado
    1114 W 7th Ave Suite 200
    Denver,CO80204     		None PC Construction Careers Now 5,000
    Cookie Cart
    1119 West Broadway
    Minneapolis,MN55411     		None PC General Operating 2,000
    Cradles to Crayons Chicago
    4141 W George Street
    Chicago,IL60641     		None PC COVID-19 Emergency Response 5,000
    Creative Visions Human Development Institute
    1343 13th Street
    Des Moines,IA50314     		None PC Building Community Award Winner 67,000
    CU Real Estate Center Leeds School of Business
    995 Regent Drive 419 UCB
    Boulder,CO80309     		None PC 2020 Colorado NAIOP University Challenge 2,500
    Denver Community Ventures
    1035 Osage Street
    Denver,CO80204     		None PC COVID-19 Emergency Response 5,000
    Denver Inner City Parish
    1212 Mariposa Street
    Denver,CO80204     		None PC COVID-19 Emergency Response 30,000
    Denver Kids
    1617 S Acoma Street 2nd Floor
    Denver,CO80223     		None PC Denver Kids University 70,655
    DinoMights
    3400 Park Avenue S
    Minneapolis,MN55407     		None PC Seasonal Staff Program 5,000
    Dougherty Family College
    1000 LaSalle Avenue
    Minneapolis,MN55403     		None PC Professional Internship Program 50,000
    Downtown Tempe
    1 W Rio Salado Blvd Suite A-201
    Tempe,AZ85284     		None PC Small Business Assistance 5,000
    Dress for Success Twin Cities
    1549 University Ave Suite A
    St Paul,MN55104     		None PC General Operations 2,500
    DuPagePads
    601 W Liberty Dr
    Wheaton,IL60181     		None PC COVID-19 Emergency Response 5,000
    Environmental Learning for Kids (ELK)
    PO Box 21679
    Denver,CO80221     		None PC Building Community Award Finalist 5,000
    Environmental Learning for Kids (ELK)
    PO Box 21679
    Denver,CO80221     		None PC Outdoor Education Center 40,000
    Food Bank of Iowa
    2220 E 17th St
    Des Moines,IA50316     		None PC COVID-19 Emergency Response 5,000
    Food For Thought Denver
    PO Box 11813
    Denver,CO80211     		None PC COVID-19 Emergency Response 5,000
    Fourth Avenue Foundation
    434 E 9th St
    Tucson,AZ857058580     		None PC Streetscape Improvement 5,000
    Fraser
    2400 W 64th Street
    Minneapolis,MN55423     		None PC Career Planning and Employment Program 5,000
    Free Bikes 4 Kidz
    10914 Lexington Drive
    Eden Prairie,MN55344     		None PC Distribute Bikes to Those in Need 5,000
    Freedom Farm
    11500 Ferman Ave SW
    Waverly,MN55390     		None PC General Operations 2,000
    Freedom for Youth Ministries
    2301 Hickman Road
    Des Moines,IA50310     		None PC COVID-19 Emergency Response 5,000
    Friends of Kids with Cancer Inc
    16 Sunnen Dr Suite 161
    St Louis,MO63143     		None PC Educational Programming 5,000
    Fueled for School
    PO Box 373
    Noblesville,IN46061     		None PC Food Distribution 5,000
    Gateway Region YMCA
    2815 Scott Avenue Suite D
    St Louis,MO63103     		None PC Early Childhood Education Center at Chesterfield YMCA 5,000
    Giving the Basics Inc
    927 S 7th St Trafficway Suite 270
    D-2
    Kansas City,KS66123     		None PC COVID-19 Emergency Response 5,000
    Giving the Basics Inc
    927 S 7th St Trafficway Suite 270
    D-2
    Kansas City,KS66123     		None PC Building Community Award Finalist 5,000
    Gleaners Food Bank of Indiana
    3737 Waldemere Avenue
    Indianapolis,IN46241     		None PC COVID-19 Emergency Response 5,000
    Goodwill of Central and Southern Indiana
    1635 West Michigan St
    Indianapolis,IN46222     		None PC Qualified Medical Aide 36,000
    Goodwill-Easter Seals Minnesota
    553 Fairview Avenue North
    St Paul,MN55104     		None PC COVID-19 Emergency Response 50,000
    Great River Greening
    251 Starkey Street 2200
    St Paul,MN55107     		None PC Cloud-Based Server 40,000
    Greater Chicago Food Depository
    4100 W Ann Lurie Pl
    Chicago,IL60632     		None PC COVID-19 Emergency Response 30,000
    Greater Des Moines Habitat for Humanity
    2200 E Euclid Avenue
    Des Moines,IA50317     		None PC Recognition of Opus associate volunteer efforts 5,000
    Greater Indy Habitat for Humanity Inc
    3135 N Meridian St
    Indianapolis,IN46208     		None PC Recognition of Opus associate volunteer efforts 5,000
    Greater Twin Cities United Way
    404 South 8th Street
    Minneapolis,MN55404     		None PC 2020 Workplace Giving Campaign 99,795
    Green Beret Foundation
    14351 Blanco Rd Suite 100
    San Antonio,TX78216     		None PC Transition Support - Next Ridgeline 5,000
    Habitat for Humanity Central Arizona
    9133 NW Grand Ave Suite 1
    Peoria,AZ85345     		None PC Recognition of Opus associate volunteer efforts 5,000
    Habitat for Humanity Chicago
    1100 W Cermak Suite 404
    Chicago,IL60608     		None PC Affordable Homeownership Program 5,000
    Habitat for Humanity of Kansas City
    1423 E Linwood Blvd
    Kansas City,MO64109     		None PC Recognition for Opus associate volunteer efforts 5,000
    Habitat for Humanity of Metro Denver Inc
    3245 Eliot Street
    Denver,CO80211     		None PC Recognition for Opus associate volunteer efforts 5,000
    Habitat for Humanity Saint Louis
    3830 S Grand Ave
    St Louis,MO63118     		None PC Recognition of Opus associate volunteer efforts 5,000
    Hands That Serve
    POBox 220172
    Saint Louis,MO63122     		None PC Feeding Program 5,000
    Hart Pantry
    8456 W Sanna Street
    Peoria,AZ85345     		None PC COVID-19 Emergency Response 5,000
    Harvesters - The Community Food Network
    3801 Topping Avenue
    Kansas City,MO64129     		None PC COVID-19 Emergency Response 30,000
    Harvesters - The Community Food Network
    3801 Topping Avenue
    Kansas City,MO64129     		None PC COVID-19 Emergency Response 5,000
    Hispanic Chamber Education Foundation
    924 W Colfax Ave Suite 201
    Denver,CO80022     		None PC COVID-19 Training and Resource Distribution Program 5,000
    Home Sweet Home
    290 Hanley Industrial Court
    Brentwood,MO63144     		None PC Truck Maintenance and Gas 5,000
    Hope Academy
    2300 Chicago Avenue South
    Minneapolis,MN55404     		None PC COVID-19 Emergency Response 60,000
    Hope Community Inc
    611 East Franklin Avenue
    Minneapolis,MN55404     		None PC General operating to respond to current issues in community 5,000
    Horizon House
    1033 East Washington Street
    Indianapolis,IN46202     		None PC COVID-19 Emergency Response 5,000
    idea Museum Foundation
    PO Box 77
    Mesa,AZ85211     		None PC Building Community Award Finalist 5,000
    Indianapolis Parks Foundation
    615 N Alabama Street Suite 119
    Indianapolis,IN46143     		None PC Building Community Award Finalist 5,000
    Interfaith Outreach and Community Partners
    1605 County Road 101 N
    Plymouth,MN55447     		None PC Recognition of volunteer efforts 5,000
    Jackie Joyner-Kersee Foundation
    101 Jackie Joyner Kersee Circle
    East St Louis,IL62204     		None PC COVID-19 Emergency Response 5,000
    Jackie Joyner-Kersee Foundation
    101 Jackie Joyner Kersee Circle
    East St Louis,IL62204     		None PC STEAM Ahead: Bridging the Digital Divide 60,000
    Joseph's Coat Inc
    PO Box 2202
    St Paul,MN55102     		None PC General Operations 3,000
    Junior Achievement of Greater St Louis
    17339 North Outer 40 Road
    Chesterfield,MO63034     		None PC COVID-19 Emergency Response 5,000
    Junior Achievement of Greater St Louis
    17339 North Outer 40 Road
    Chesterfield,MO63034     		None PC Program Expansion for SLPS District 30,000
    Junior Achievement of the Upper Midwest Inc
    PO Box 844
    Owatonna,MN55060     		None PC Virtual Program Support for the Owatonna Area 10,000
    Lake Street Council
    PO Box 7091
    Minneapolis,MN55407     		None PC Building Community Award Finalist 5,000
    Lake Street Council
    PO Box 7091
    Minneapolis,MN55407     		None PC Pro Rebuilding Lake Street 15,000
    Lattof YMCA
    1030 W Van Buren
    Chicago,IL60607     		None PC COVID-19 Emergency Response 5,000
    Lewy Body Dementia Association
    912 Killian Hill Road SW
    Lilburn,GA30047     		None PC LBDA Research Centers of Excellence 7,500
    Loaves & Fishes - Naperville
    1871 High Grove Ln
    Naperville,IL60540     		None PC COVID-19 Emergency Response 5,000
    Lutheran Child & Family Services of Indiana
    1525 N Ritter Ave
    Indianapolis,IN46219     		None PC COVID-19 Emergency Response 30,000
    Marquette University Center for Real Estate
    370 David Straz Hall PO Box 1881
    Milwaukee,WI53201     		None PC 2020 Minnesota NAIOP University Challenge 5,000
    Meals from the Heartland
    357 Lincoln Street
    West Des Moines,IA50265     		None PC COVID-19 Emergency Response 5,000
    Metro Caring
    1100 E 18th Ave
    Denver,CO80218     		None PC COVID-19 Emergency Response 5,000
    Metro Meals on Wheels
    1200 Washington AVe S Ste 380
    Minneapolis,MN55415     		None PC COVID-19 Emergency Response 5,000
    Mile High United Way Inc
    711 Park Avenue West
    Denver,CO80205     		None PC 2020 Workplace Giving Campaign 500
    Mile High Youth Corps
    1801 Federal Blvd
    Denver,CO80204     		None PC COVID-19 Response 5,000
    Minneapolis Recreation Development Inc
    7220 York Avenue South Apt 610
    Edina,MN55435     		None PC COVID-19 Relief 5,000
    Minnesota Brownfields
    2801 21st Avenue Ste 145
    Minneapolis,MN55407     		None PC Basics Community Program 5,000
    Minnesota Teen Challenge
    740 E 24th Street
    Minneapolis,MN55404     		None PC Lakeside Academy 5,000
    National Outdoor Leadership School
    284 Lincoln Street
    Lander,WY825202848     		None PC General Operations 10,000
    New Pathways for Youth
    901 E Jefferson Street
    Phoenix,AZ85034     		None PC COVID-19 Emergency Response 5,000
    New Pathways for Youth
    901 E Jefferson Street
    Phoenix,AZ85034     		None PC Neighborhood Growth Project 50,000
    NEWSED Community Development Corporation
    1001 Santa Fe Drive
    Denver,CO80204     		None PC Business Basics Course 5,000
    North Side Community School
    3033 N Euclid Avenue
    St Louis,MO63115     		None PC COVID-19 Remote Learning Technology for ECC 5,000
    Northern Star Council
    6202 Bloomington Road
    Fort Snelling,MN55111     		None PC Urban Outreach program 10,000
    Northern Star Council
    6202 Bloomington Road
    Fort Snelling,MN55111     		None PC Program Supply Support 5,000
    Operation Breakthrough Inc
    3039 Troost Avenue
    Kansas City,MO64109     		None PC Accelerating Opportunity and Achievement through STEAM 50,000
    Operation Breakthrough Inc
    3039 Troost Avenue
    Kansas City,MO64109     		None PC COVID-19 Emergency Response 5,000
    Our Savior Lutheran Church
    56 Meadows Drive
    Pagosa Springs,CO81147     		None PC Lutheran Mercy Care Prison Ministry (LMCM) 15,000
    People Reaching Out to Other People
    14700 Martin Drive
    Eden Prairie,MN55344     		None PC General Operations 2,000
    Progress Valley Inc
    1100 East 80th Street
    Bloomington,MN55420     		None PC COVID-19 Response 5,000
    Project for Pride in Living Inc
    1035 East Franklin Avenue
    Minneapolis,MN55404     		None PC Resilience Fund 6,000
    Project for Pride in Living Inc
    1035 East Franklin Avenue
    Minneapolis,MN55404     		None PC COVID-19 Emergency Response 30,000
    Project for Pride in Living Inc
    1035 East Franklin Avenue
    Minneapolis,MN55404     		None PC Race Equity Efforts 75,000
    Project IOWA
    1420 Mulberry St
    Des Moines,IA50309     		None PC COVID-19 Emergency Response 30,000
    Rebuilding Together Metro Chicago
    4507 N Ravenswood Ave 106
    Chicago,IL60640     		None PC Recognition of Opus associate volunteer efforts 25,000
    Rebuilding Together Twin Cities
    1050 SE 33rd Avenue
    Minneapolis,MN55414     		None PC Recognition for Opus associate volunteer efforts 20,000
    reStart Inc
    918 E 9th Street
    Kansas City,MO64106     		None PC COVID-19 Emergency Response 5,000
    Ronald McDonald House Charities of St Louis
    3450 Park Avenue
    St Louis,MO63104     		None PC Sponsor-A-Family 5,000
    Safehome
    PO Box 4563
    Overland Park,KS66204     		None PC Kitchen program 5,000
    Saint Clare's Tahoe A Mountain Montessori School
    PO Box 308
    Tahoe Vista,CA96148     		None PC General Operations 2,000
    Saint Paul and Minnesota Foundation
    101 Fifth Street East Suite 2400
    Saint Paul,MN551011800     		None PC Digital Learning Fund 50,000
    Second Harvest Heartland
    7101 Winnetka Ave N
    Brooklyn Park,MN55428     		None PC COVID-19 Emergency Response 30,000
    Second Harvest Heartland
    7101 Winnetka Ave N
    Brooklyn Park,MN55428     		None PC COVID-19 Emergency Response 5,000
    Second Helpings
    1121 Southeastern Ave
    Indianapolis,IN46202     		None PC COVID-19 Emergency Response 5,000
    Society of St Vincent de Paul
    PO Box 13600
    Phoenix,AZ850023600     		None PC COVID-19 Emergency Response 30,000
    Society of St Vincent de Paul
    PO Box 13600
    Phoenix,AZ850023600     		None PC Workforce Development Pilot 25,000
    Southwest Lending Closet
    218 N Central Ave
    Avondale,AZ85323     		None PC Lend Medical Equipment 5,000
    Special Olympics Minnesota
    900 2nd Ave S Suite 300
    Minneapolis,MN55402     		None PC Rochester Polar Plunge 5,000
    St Cloud State University Department of Finance Insurance and Real Estate
    Centennial Hall 463 720 4th Avenue
    South
    St Cloud,MN563014498     		None PC 2020 Minnesota NAIOP University Challenge 2,500
    St Louis Area Foodbank
    70 Corporate Woods Drive
    Bridgeton,MO63044     		None PC COVID-19 Emergency Response 5,000
    St Louis Children's Hospital Foundation
    1001 Highlands Plaza Drive West
    Suite 160
    St Louis,MO63110     		None PC KIDstruction Week 1,000
    St Mary's Child Center
    901 Dr Martin Luther King Jr St
    Indianapolis,IN46202     		None PC 2Generation Program 45,000
    St Thomas Academy
    949 Mendota Heights Road
    Mendota Heights,MN55120     		None PC General Operations 5,000
    STEP - St Louis Park Emergency Program Inc
    6812 West Lake St
    St Louis Park,MN55426     		None PC COVID-19 Emergency Response 5,000
    Summit Academy OIC
    935 Olson Memorial Hwy
    Minneapolis,MN55405     		None PC Building a Community of Workers 40,000
    Summit Academy OIC
    935 Olson Memorial Hwy
    Minneapolis,MN55405     		None PC Learning Management System (LMS) Implementation 50,000
    Tempe Community Action Agency
    2146 E Apache Blvd
    Tempe,AZ85281     		None PC COVID-19 Emergency Response 5,000
    Tenants to Homeowner
    2518 Ridge Court Suite 103
    Lawrence,KS66046     		None PC Housing Stabilization Collaborative (HSC) 5,000
    The Knothole Foundation Inc
    PO Box 38035
    Charlotte,NC28278     		None PC Tuckaseegee Dream Fields Project 3,000
    The Link
    1210 Glenwood Ave
    Minneapolis,MN55405     		None PC COVID-19 Emergency Response 5,000
    The Warming Shelter
    PO Box 3556
    Sioux City,IA511023556     		None PC COVID-19 Response 10,000
    Tree Trust
    149 Energy Park Drive
    St Paul,MN55108     		None PC General Operations 3,000
    Twin Cities Habitat for Humanity
    1954 University Ave W
    St Paul,MN551043433     		None PC Increasing Access to Homeownership for Foundational Black Americans 150,000
    Twin Cities Habitat for Humanity
    1954 University Ave W
    St Paul,MN551043433     		None PC Recognition for volunteer efforts 30,000
    Twin Cities RSE
    1301 Bryant Ave N
    Minneapolis,MN55411     		None PC Emotional Intelligence Pilot Program for Youth 150,000
    Twin Cities RSE
    1301 Bryant Ave N
    Minneapolis,MN55411     		None PC General Operations 10,000
    United Way of Central Indiana Inc
    2955 North Meridian Street Suite
    300
    Indianapolis,IN46208     		None PC 2020 Workplace Giving Campaign 730
    United Way of Central Iowa
    1111 9th St Ste 100
    Des Moines,IA50314     		None PC 2020 Workplace Giving Campaign 1,345
    United Way of Greater Kansas City
    801 W 47th Street Suite 500
    Kansas City,MO64112     		None PC 2020 Workplace Giving Campaign 2,370
    United Way of Greater Milwaukee & Waukesha County Inc
    PO Box 88988
    Milwaukee,WI532888988     		None PC 2020 Workplace Giving Campaign 125
    United Way of Greater St Louis
    910 N 11th Street
    St Louis,MO63101     		None PC 2020 Workplace Giving Campaign 2,845
    United Way of Metropolitan Chicago
    333 South Wabash Avenue 30th Floor
    Chicago,IL60604     		None PC 2020 Workplace Giving Campaign 2,275
    University City Children's Center
    6646 Vernon Avenue
    University City,MO63130     		None PC Pilot Kiosite and Train ECE Teachers 50,000
    University of Denver - Franklin L Burns School of Real Estate
    2101 S University Blvd Suite 380
    Denver,CO802088934     		None PC 2020 Colorado NAIOP University Challenge 7,500
    University of Minnesota Foundation
    200 Oak Street SE Suite 500
    Minneapolis,MN554552010     		None PC 2020 Minnesota NAIOP University Challenge 1,000
    University of Notre Dame
    400 Main Building
    Notre Dame,IN46556     		None PC General Operations 1,500
    Upper Room
    300 E 39th Street Suite 4A
    Kansas City,MO64111     		None PC Extended Day Program 40,000
    Urban Boatbuilders Inc
    2288 University Avenue West
    Saint Paul,MN55114     		None PC CNC Program Development 31,000
    Urban Boatbuilders Inc
    2288 University Avenue West
    Saint Paul,MN55114     		None PC General Operations 4,000
    Valley of the Sun United Way
    3200 East Camelback Road Suite 375
    Phoenix,AZ85018     		None PC 2020 Workplace Giving Campaign 1,510
    Van Go
    715 New Jersey St PO Box 153
    Lawrence,KS66044     		None PC Adapt & Persevere 5,000
    Wheeler Mission
    205 East New York Street
    Indianapolis,IN46204     		None PC COVID-19 Emergency Response 5,000
    YMCA of Greater Birmingham
    2101 4th Avenue North
    Birmingham,AL35203     		None PC Y Achievers 5,000
    YMCA of Metropolitan Chicago
    1030 W Van Buren
    Chicago,IL60607     		None PC Family Engagement Initiative 50,000
    YMCA of the Greater Twin Cities
    651 Nicollet Mall Suite 500
    Minneapolis,MN55402     		None PC COVID-19 Emergency Response 30,000
    Youth Emergency Services & Shelter (YESS)
    918 SE 11th Street
    Des Moines,IA50309     		None PC COVID-19 Emergency Response 5,000
    Youth Frontiers Inc
    5215 Edina Industrial Blvd Suite
    400
    Minneapolis,MN55439     		None PC Youth Frontiers Leadership Conferences 5,000
    YouthLink
    41 N 12th Street
    Minneapolis,MN55403     		None PC COVID-19 Emergency Response 5,000
    YouthLink
    41 N 12th Street
    Minneapolis,MN55403     		None PC Career Pathways Navigation 50,000
    Total .................................bullet 3a 3,200,650
    bApproved for future payment
    Project for Pride in Living Inc
    1035 East Franklin Avenue
    Minneapolis,MN55404     		None PC Race Equity Efforts 250,000
    Twin Cities Habitat for Humanity
    1954 University Ave W
    St Paul,MN551043433     		None PC COVID-19 Emergency Response 300,000
    Total .................................bullet 3b 550,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 33,460  
    4 Dividends and interest from securities....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 525990 332,159 18 8,691,519  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 332,159 8,724,979 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    9,057,138
    (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
    Opus Foundation
     
    Employer identification number

    41-1983284
    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
    Opus Foundation
          		Employer identification number
    41-1983284
    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
    Encore One LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 2,378,681


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Opus Investments LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 256,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Opus Holding LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 1,034,219


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Codeworks LLC
     
    17800 W Capitol Drive
     
    Brookfield, WI53045

    		$ 144,956


    (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
    Opus Foundation
          		Employer identification number

    41-1983284
    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
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Opus Foundation
          		Employer identification number

    41-1983284
    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 AccountingFeesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 27,538 0   27,538

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount
    Mercy Housing - Gap Loan 500,000

    TY 2020 GeneralExplanationAttachment
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1: Opus Foundation pays GHR Foundation for management/philanthropy services, which are provided by some of the foundation's officers. Amounts paid during 2020 are as follows: GHR Foundation Suite 2950, 60 South 6th Street Minneapolis, MN 55402 $585,718

    TY 2020 InvestmentsOtherSchedule2
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Loeb Arbitrage Fund FMV 63,705 63,705
    Carlyle Europe Parts II, L.P. FMV 17,567 17,567
    Adler Asian Private Equity, LLC FMV 102,532 102,532
    Adler Bond Fund, LLC FMV 21,360,170 21,360,170
    Adler CPV, LLC FMV 205,452 205,452
    Adler Energy Infrastr III, LLC FMV 30,192 30,192
    Adler Energy Infrastr IV, LLC FMV 95,670 95,670
    Adler Equity Fund, LLC FMV 38,282,741 38,282,741
    Adler Health Care, LLC FMV 180,936 180,936
    Adler New Euro Priv Eqty, LLC FMV 89,950 89,950
    Adler Oaktree, LLC FMV 36,465 36,465
    Adler Opportunistic Debt, LLC FMV 4,770 4,770
    Alder Energy Finance, LLC FMV 123,568 123,568
    Adler Opportunistic Debt II FMV 1,360,780 1,360,780
    Adler CPVI FMV 1,305,635 1,305,635
    Adler Energy Infrastr V, LLC FMV 230,491 230,491
    Adler Health Partners III, LLC FMV 3,046,134 3,046,134
    Adler Small Buyout Fund FMV 1,502,458 1,502,458
    Adler Trans Recovery Fd, LLC FMV 932,111 932,111
    Adler Co-invest Opp Fd, LLC FMV 1,465,032 1,465,032
    Adler NGP XI, LLC FMV 1,126,220 1,126,220
    Adler Energy Finance II, LLC FMV 236,611 236,611
    Adler Opportunistic Debt III FMV 623,989 623,989
    Adler SG Small Buyout Fund III FMV 1,347,341 1,347,341
    Adler Cinven VI, LLC FMV 1,002,971 1,002,971
    Adler MPE Fund II, LLC FMV 1,187,094 1,187,094
    Adler Southfield II, LLC FMV 2,116,725 2,116,725
    Adler Health Partners IV, LLC FMV 1,892,635 1,892,635
    Adler Frontenac XI, LLC FMV 1,421,699 1,421,699
    Adler 2018 Alternative Investments, LLC FMV 3,531,565 3,531,565
    Adler 2019 Alternative Investments, LLC FMV 3,254,914 3,254,914
    Adler Panco Fund IV, LLC FMV 1,291,487 1,291,487
    Adler 2020 Alternative Investments, LLC FMV 977,359 977,359

    TY 2020 LegalFeesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 19,536 0   18,187


    TY 2020 OtherAssetsSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Program Related Investments   2,000,000 2,000,000


    TY 2020 OtherExpensesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues & Subscriptions 2,279 0   4,317
    Bank Fees 333 333   0
    Miscellaneous 1,099 0   1,099
    Pass-through portfolio deductions 0 1,354,264   0
    Professional Development 1,488 0   1,488
    Insurance 6,134 0   6,134


    TY 2020 OtherIncomeSchedule2
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Allocated Partnership Income 9,023,678 0 9,023,678
    Allocated Partnership Income   1,586,647  


    TY 2020 OtherIncreasesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Amount
    Unrealized Gain/(Loss) 6,289


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 4,000 4,000   0
    Consulting Fees 6,750 0   6,750
    Program Fees 442,542 0   442,542
    Grants Management Fee 117,388 0   117,388


    TY 2020 TaxesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Federal Excise Tax 42,543 0   0
    Foreign Tax 0 47,952   0