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
FRED C AND KATHERINE B ANDERSEN
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 80
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BAYPORT, MN55003
A Employer identification number

41-6020920
B Telephone number (see instructions)

(651) 264-7355
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$1,036,739,177J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,641,759 1,641,759  
4 Dividends and interest from securities... 13,693,860 13,693,860  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 20,236,647
b Gross sales price for all assets on line 6a 43,138,305
7 Capital gain net income (from Part IV, line 2)... 20,236,647
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........ 35,572,266 35,572,266  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 74,040 0   74,040
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 22,592 0   22,592
b Accounting fees (attach schedule)....... Click to see attachment 29,056 18,305   10,751
c Other professional fees (attach schedule).... Click to see attachment 798,533 798,533   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 152,267 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 30,151 0   30,151
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,106,639 816,838   137,534
25 Contributions, gifts, grants paid....... 40,228,610 40,228,610
26 Total expenses and disbursements. Add lines 24 and 25 41,335,249 816,838   40,366,144
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,762,983
b Net investment income (if negative, enter -0-) 34,755,428
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............. 1,194,957 4,552,697 4,552,697
2 Savings and temporary cash investments......... 19,031,844 14,854,155 14,854,155
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) 1,257,031 0 0
b Investments—corporate stock (attach schedule)....... 612,203,723 Click to see attachment791,669,259 791,669,259
c Investments—corporate bonds (attach schedule)....... 57,591,551 Click to see attachment57,298,118 57,298,118
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 153,719,463 Click to see attachment168,364,948 168,364,948
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) 844,998,569 1,036,739,177 1,036,739,177
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........ 844,998,569 1,036,739,177
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 844,998,569 1,036,739,177
30 Total liabilities and net assets/fund balances (see instructions). 844,998,569 1,036,739,177
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
844,998,569
2
Enter amount from Part I, line 27a .....................
2
-5,762,983
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
197,503,591
4
Add lines 1, 2, and 3 ..........................
4
1,036,739,177
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
1,036,739,177
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 ANDERSEN CORP CAPITAL GAIN ON SALE OF STOCK D    
b PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS DIVIDENDS 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 17,300,009   12,914 17,287,095
b 24,476,658   22,888,744 1,587,914
c 1,361,638     1,361,638
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       17,287,095
b       1,587,914
c       1,361,638
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 20,236,647
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................................ 1 483,100
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........................... 3 483,100
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- ..... 5 483,100
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 88,420
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 530,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 618,420
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 434
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 10 134,886
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet134,886 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 ofbulletMARY GILLSTROM Telephone no.bullet (651) 264-7355

    Located atbulletPO BOX 80BAYPORTMN ZIP+4bullet550031096
    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
     
    No
    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
    Yes
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    GREGORY L BENSON VP/TREASURER
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    JEROLD W WULF PRESIDENT
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    MARY GILLSTROM VP/SECRETARY/DIRECTOR
    40.00     		74,040 0 0
    PO BOX 80
    BAYPORT,MN55003
    JOHN D PIEPEL DIRECTOR
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    PETER CLEMENTS DIRECTOR
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    DAVID M ERSPAMER DIRECTOR
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    VERN J HILL DIRECTOR
    1.00     		0 0 0
    PO BOX 80
    BAYPORT,MN55003
    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
    FIRST STATE BANK OF BAYPORT INVESTMENT MGT SVCS 289,068
    950 NORTH HIGHWAY 95
    BAYPORT,MN55003
    THE CHARLES SCHWAB CORPORATION INVESTMENT MGT SVCS 280,236
    4350 BAKER RD STE 245
    MINNETONKA,MN553438666
    THE PRIVATE TRUST COMPANY NA INVESTMENT MGT SVCS 193,229
    1422 EUCLID AVENUE SUITE 1120
    CLEVELAND,OH441152065
    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 NONE 0
    2   0
    3   0
    4   0
    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 NONE 0
    2 0
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    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
    863,676,643
    b
    Average of monthly cash balances.......................
    1b
    6,208,033
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    869,884,676
    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
    869,884,676
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    13,048,270
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    856,836,406
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    42,841,820
    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
    42,841,820
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    483,100
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    483,100
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    42,358,720
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    42,358,720
    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
    42,358,720
    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
    40,366,144
    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
    40,366,144
    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
    40,366,144
    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 42,358,720
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 37,469,270
    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$ 40,366,144
    a Applied to 2019, but not more than line 2a 37,469,270
    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..... 2,896,874
    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 ..........     		39,461,846
    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 e-mail address of the person to whom applications should be addressed:
    MARY GILLSTROM ANDERSEN FOUNDATION
    PO BOX 80
    BAYPORT,MN550031096
    (651) 264-7355
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICANTS SHOULD SUBMIT THE MINNESOTA COMMON GRANT APPLICATION FOUND ON THE MINNESOTA COUNCIL ON FOUNDATIONS WEBSITE AT MCF.ORG.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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 CHANCE TO GROW
    1800 SECOND STREET NE
    MINNEAPOLIS,MN55418     		  NC GENERAL SUPPORT 35,000
    ADORAY HOME HEALTH & HOSPICE
    990 MAIN ST STE 1
    BALDWIN,WI54002     		  PC GENERAL SUPPORT 65,000
    ALIA
    1000 UNIVRSITY AVE W 230
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 10,000
    ALICE LLOYD COLLEGE
    100 PURPOSE ROAD
    PIPPA PASSES,KY41844     		  PC GENERAL SUPPORT 175,000
    AMERICAN CANCER SOCIETY
    950 BLUE GENTIAN ROAD 100
    EAGAN,MN55121     		  PC GENERAL SUPPORT 20,000
    AMERICAN DIABETES ASSN
    715 FLORIDA AVE S 307
    GOLDEN VALLEY,MN55426     		  PC GENERAL SUPPORT 40,000
    AMERICAN HEART ASSN
    208 S LA SALLE ST STE 1500
    CHICAGO,IL60604     		  PC GENERAL SUPPORT 50,000
    AMERICAN RED CROSS
    2200 W HARRISON ST
    CHICAGO,IL60612     		  PC GENERAL SUPPORT 1,150,000
    AMERICA'S VET DOGS
    371 E JERICHO TURNPIKE
    SMITHTOWN,NY11787     		  PC GENERAL SUPPORT 125,000
    AMERY AREA SENIOR CITIZENS
    608 HARRIMAN AVE S
    AMERY,WI54001     		  PC GENERAL SUPPORT 35,000
    AMERY REGIONAL MEDICAL CENTER
    PO BOX 1309
    MINNEAPOLIS,MN55440     		  PC GENERAL SUPPORT 1,250,000
    ANGEL FOUNDATION (MN ONCOLOGYHEM)
    708 SOUTH THIRD STREET 105E
    MINNEAPOLIS,MN55415     		  PC GENERAL SUPPORT 20,000
    ANIMAL HUMANE SOCIETY
    845 MEADOW LANE NORTH
    MINNEAPOLIS,MN55422     		  PC GENERAL SUPPORT 300,000
    ANU FAMILY SERVICES (FORMERLY PATH WI)
    901 FOURTH ST SUITE 180
    HUDSON,WI54016     		  PC GENERAL SUPPORT 40,000
    ARC TWIN CITIES
    2801 21ST AVENUE S
    MINNEAPOLIS,MN55407     		  PC GENERAL SUPPORT 20,000
    ARTREACH(RIVER VALLEY ARTS COUNCIL)
    224 4TH STREET NORTH
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 12,000
    ASBURY UNIVERSITY
    1 MACKLEM DRIVE
    WILMORE,KY40390     		  PC GENERAL SUPPORT 175,000
    AURORA INTERFAITH COMMUNITY
    1553 CLINTON ST
    AURORA,CO80010     		  PC GENERAL SUPPORT 10,000
    BAYPORT PUBLIC LIBRARY
    582 NORTH 4TH ST
    BAYPORT,MN55003     		  PC GENERAL SUPPORT 570,000
    BAYPORT PUBLIC LIBRARY FDN
    582 NORTH 4TH ST
    BAYPORT,MN55003     		  PC GENERAL SUPPORT 35,000
    BELHAVEN UNIVERSITY
    1500 PEACHTREE ST
    JACKSON,MS39202     		  PC GENERAL SUPPORT 175,000
    BELLEVUE UNIVERSITY
    1000 GALVIN ROAD SOUTH
    BELLEVUE,NE68005     		  PC GENERAL SUPPORT 175,000
    BEST PREP
    7100 NORTHLAND CIRCLE N STE 306
    MINNEAPOLIS,MN55428     		  PC GENERAL SUPPORT 9,000
    BIDWELL RIVERSIDE CENTER DISTRIBUTION PROGRAM
    1203 HARTFORD AVE
    DES MOINES,IA50315     		  PC GENERAL SUPPORT 10,000
    BIG BROTHERSBIG SISTERS OF NW WISCONSIN
    82 COULEE RD SUITE 106
    HUDSON,WI54016     		  PC GENERAL SUPPORT 75,000
    BIG BROTHERSBIG SISTERS OF THE TC
    2550 UNIVERSITY AVE SUITE 410N
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 200,000
    BIOLA UNIVERSITY
    13800 BIOLA AVE
    LAMIRANDA,CA90639     		  PC GENERAL SUPPORT 175,000
    BLIND INC
    100 E 22ND ST
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 3,410
    BOYS & GIRLS CLUBS OF THE GREATER CHIPPEWA VALLEY
    1005 OXFORD AVE
    EAU CLAIRE,WI54703     		  PC GENERAL SUPPORT 45,000
    BOYS & GIRLS CLUBS OF THE TWIN CITIES
    2575 UNIVERSITY AVE W 100
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 40,000
    BREAD OF LIFE RESCUE MISSION
    97 S MAIN ST
    SEATTLE,WA98104     		  PC GENERAL SUPPORT 10,000
    BRIDGE THE (RUNAWAY YOUTH)
    2200 EMERSON AVE SOUTH
    MINNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 40,000
    BRIDGING INC
    201 W 87TH ST
    BLOOMINGTON,MN55420     		  PC GENERAL SUPPORT 25,000
    BSA - NORTHERN STAR COUNCIL
    5300 GLENWOOD AVE 289 VIKING
    MINNEAPOLIS,MN55422     		  PC GENERAL SUPPORT 562,000
    CABRINI HOUSE - PPL
    919 12TH AVENUE SE
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 10,000
    CAMP FIRE USA
    2610 UNIVERSITY AVE W
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 25,000
    CAN DO CANINES (HEARING & SVC DOGS)
    2537 25TH AVENUE SOUTH
    MINNEAPOLIS,MN55406     		  PC GENERAL SUPPORT 30,000
    CANVAS HEALTH (HSI)
    7066 STILLWATER BLVD N
    OAKDALE,MN55128     		  PC GENERAL SUPPORT 30,000
    CAPISTRANT PARKINSON'S CENTER (SCVCF)
    636 BROADWAY ST NE
    MINNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 40,000
    CARPENTER NATURE CENTER
    12805 SAINT CROIX TRAIL S
    HASTINGS,MN55033     		  PC GENERAL SUPPORT 60,000
    CARSON NEWMAN COLLEGE
    PO BOX 557
    JEFFERSON CITY,TN37760     		  PC GENERAL SUPPORT 175,000
    CATHOLIC CHARITIES
    1200 SECOND AVE S
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 22,000
    CATHOLIC CHARITIES OF THE DIOCESE OF ST CLOUD
    100 23RD AVE S
    SEATTLE,WA98144     		  PC GENERAL SUPPORT 10,000
    CEDARVILLE UNIVERSITY
    251 N MAIN ST
    CEDARVILLE,OH45314     		  PC GENERAL SUPPORT 175,000
    CHARITIES REVIEW COUNCIL
    2610 UNIVERSITY AVE W SUITE 375
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 18,000
    CHILDREN'S DENTAL SERVICES
    636 BROADWAY ST NE
    MINNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 25,000
    CHILDREN'S HOME SOC OF MN
    1605 EUSTIS ST
    ST PAUL,MN55108     		  PC GENERAL SUPPORT 75,000
    CHILDREN'S HOSPITALS & CLINICS (MN)
    2525 CHICAGO AVE
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 550,000
    CHILDREN'S THEATRE CO
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 6,000
    CHRISTENDOM COLLEGE
    134 CHRISTENDOM DR
    FRONT ROYAL,VA22630     		  PC GENERAL SUPPORT 175,000
    CHRISTIAN CUPBOARD EMERGENCY FOOD SHELF
    8264 4TH ST N
    OAKDALE,MN55128     		  PC GENERAL SUPPORT 30,000
    CITIZENS FOR CITIZENS (GRIFFIN SITE)
    264 GRIFFIN STREET
    FALL RIVER,MA02723     		  PC GENERAL SUPPORT 10,000
    COMMONBOND COMMUNITIES
    1080 MONTREAL AVE
    ST PAUL,MN55116     		  PC GENERAL SUPPORT 30,000
    COMMUNITY DENTAL CARE
    1670 BEAM AVENUE 204
    MAPLEWOOD,MN55109     		  PC GENERAL SUPPORT 15,000
    COMMUNITY REFERRAL AGENCY INC
    BOX 364
    MILLTOWN,WI54858     		  PC GENERAL SUPPORT 30,000
    COMMUNITY THREAD
    2300 ORLEANS ST W
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 142,000
    COMO FRIENDS
    1225 ESTABROOK DRIVE
    SAINT PAUL,MN55103     		  PC GENERAL SUPPORT 25,000
    CONCORDIA UNIVERSITY
    800 NORTH COLUMBIA AVE
    SEWARD,NE68434     		  PC GENERAL SUPPORT 175,000
    CONNECTED MINNESOTA
    101 FIFTH STREET EAST SUITE 2400
    SAINT PAUL,MN551011800     		  PC GENERAL SUPPORT 200,000
    CONSERVATION CORPS MINNESOTA
    60 PLATO BLVD E SUITE 210
    SAINT PAUL,MN55107     		  PC GENERAL SUPPORT 30,000
    COUNCIL OF HOWARD COUNTY
    3430 COURT HOUSE DR
    ELLICOTT CITY,MD21043     		  PC GENERAL SUPPORT 10,000
    COURAGE KENNY FOUNDATION (COURAGE CTR)
    386 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY10016     		  PC GENERAL SUPPORT 200,000
    CROHN'S & COLITIS FDN OF AMERICA
    1600 UNIVERSITY AVE W 205
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 5,000
    CULVER STOCKTON COLLEGE
    ONE COLLEGE HILL
    CANTON,MO63435     		  PC GENERAL SUPPORT 175,000
    DALLAS-BAPTIST UNIVERSITY
    3000 MOUNTAIN CREE PARKWAY
    DALLAS,TX75211     		  PC GENERAL SUPPORT 175,000
    DODGE NATURE CENTER
    365 MARIE AVE W
    WEST ST PAUL,MN55118     		  PC GENERAL SUPPORT 500,000
    DOORSTEP HEALTHCARE SERVICES
    5861 CEDAR LAKE RD S
    MINNEAPOLIS,MN55416     		  PC GENERAL SUPPORT 50,000
    DUBUQUE FOOD PANTRY
    1598 JACKSON ST
    DUBUQUE,IA52001     		  PC GENERAL SUPPORT 10,000
    DUCK SOUP PLAYERS
    BOX 219
    MARINE ST CROIX,MN55047     		  PC GENERAL SUPPORT 12,500
    EAST TEXAS BAPTIST UNIVERSITY
    1209 NORTH GROVE ST
    MARSHALL,TX75670     		  PC GENERAL SUPPORT 175,000
    ECUMEN POINT PLEASANT HEIGHTS
    28600 FAIRWAY LANE
    CHICAGO CITY,MN55013     		  PC GENERAL SUPPORT 113,500
    EMMA NORTON SERVICES
    670 NORTH ROBERT STREET
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 40,000
    ENDEAVORS ADULT DEV CENTER INC
    101 150TH ST
    BALSAM LAKE,WI54810     		  PC GENERAL SUPPORT 15,700
    EPILEPSY FOUNDATION OF MINNESOTA
    1600 UNIVERSITY AVE W 300
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 5,000
    EPISCOPAL HOMES
    490 EAST LYNNHURST AVE
    SAINT PAUL,MN55104     		  PC GENERAL SUPPORT 250,000
    ESR (EMPLOY SVCS FOR ADULTSDISABILITIES
    1754 WASHINGTON AVE
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 25,000
    FACING HUNGER FOODBACK
    1327 7TH AVE
    HUNTINGTON,WV25701     		  PC GENERAL SUPPORT 10,000
    FAMILY PATHWAYS
    6413 OAK STREET
    NORTH BRANCH,MN55056     		  PC GENERAL SUPPORT 10,000
    FAMILY PATHWAYS
    6413 OAK STREET
    NORTH BRANCH,MN55056     		  PC GENERAL SUPPORT 15,000
    FAMILY RESOURCE CENTER ST CROIX VALLEY
    857 MAIN ST
    BALDWIN,WI54002     		  PC GENERAL SUPPORT 82,000
    FAMILYMEANS
    1875 NORTHWESTERN AVE
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 400,000
    FAMILYWISE SVCS(CHILD SAFETY CENTER)
    3606 UNIVERSITY AVE SE
    MINNEAPOIS,MN55414     		  PC GENERAL SUPPORT 15,000
    FOOD BANK OF IOWA
    2220 E 17TH ST
    DES MOINES,IA50316     		  PC GENERAL SUPPORT 10,000
    FRASER
    200 UNIVERSITY AVE E
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 30,000
    GARDNER-WEBB UNIVERSITY
    PO BOX 997
    BOILING SPRINGS,NC28017     		  PC GENERAL SUPPORT 175,000
    GILLETTE CHILDREN'S HOSPITAL
    1836 SOUTH AVE
    LACROSSE,WI54601     		  PC GENERAL SUPPORT 1,250,000
    GIRL SCOUTS OF MN & WI RIVER VALLEYS
    400 ROBERT DRIVE
    ST PAUL,MN55107     		  PC GENERAL SUPPORT 95,000
    GOODWILL INDUSTRIESEASTER SEAL SOC
    553 FAIRVIEW AVE NORTH
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 150,000
    GRACE PLACESERENITY HOUSESALVATION ARMY
    505 W 8TH ST
    NEW RICHMOND,WI54017     		  PC GENERAL SUPPORT 85,000
    GREATER TWIN CITIES YOUTH SYMPHONIES
    528 HENNEPIN AVE 404
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 30,000
    GROVE CITY COLLEGE
    100 CAMPUS DR
    GROVE CITY,PA16127     		  PC GENERAL SUPPORT 175,000
    GUADALUPE ALTERNATIVE PROGRAMS
    381 ROBIE STREET E
    ST PAUL,MN55107     		  PC GENERAL SUPPORT 20,000
    GUNDERSEN MEDICAL FOUNDATION
    559 CAPITOL BLVD
    ST PAUL,MN55103     		  PC GENERAL SUPPORT 250,000
    GUTHRIE THEATRE
    818 S 2ND ST
    MINNEAPOLIS,MN55415     		  PC GENERAL SUPPORT 30,000
    HADLEY SCHOOL FOR THE BLIND
    700 ELM STREET
    WINNETKA,IL60093     		  PC GENERAL SUPPORT 15,000
    HANNIBAL-LAGRANGE COLLEGE
    2800 PALMYRA RD
    HANNIBAL,MO63401     		  PC GENERAL SUPPORT 175,000
    HARVEST CHARTIES AND FAMILY SERVICES
    3100 VENICE BLVD
    LOS ANGELES,CA90019     		  PC GENERAL SUPPORT 10,000
    HASTINGS COLLEGE
    800 TURNER AVE
    HASTINGS,NE68901     		  PC GENERAL SUPPORT 175,000
    HAZELDEN BETTY FORD
    PO BOX 11
    CENTER CITY,MN55012     		  PC GENERAL SUPPORT 300,000
    HEARING HEALTH FDN (DEAFNESS RESEARCH)
    363 7TH AVENUE 10TH FLOOR
    NEW YORK,NY10001     		  PC GENERAL SUPPORT 10,000
    HELPING PAWS OF MN INC
    BOX 634
    HOPKINS,MN55343     		  PC GENERAL SUPPORT 10,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		  PC GENERAL SUPPORT 175,000
    HIRED
    217 5TH AVENUE N THIRD FLOOR
    MINNEAPOLIS,MN55401     		  PC GENERAL SUPPORT 10,000
    HOME FOR LIFE
    PO BOX 847
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 20,000
    HOPE DENTAL
    800 MINNESOTA AVE 465
    ST PAUL,MN55106     		  PC GENERAL SUPPORT 10,000
    HOPE GOSPEL MISSION
    3802 S OTHELLO ST
    SEATTLE,WA98118     		  PC GENERAL SUPPORT 10,000
    HOPE HOUSE OF ST CROIX VALLEY
    451 EVERETT ST N
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 5,000
    HOPE INTL FAMILY SERVICES INC EVOLVE
    5850 OMAHA AVE N
    OAK PARK HEIGHTS,MN55082     		  PC GENERAL SUPPORT 25,000
    HOWARD PAYNE UNIVERSITY
    1000 FISK AVE
    BROWNWOOD,TX76801     		  PC GENERAL SUPPORT 175,000
    HUDSON AREA BACKPACK PROGRAM
    BOX 491
    HUDSON,WI54016     		  PC GENERAL SUPPORT 11,000
    HUDSON HOSPITAL FOUNDATION
    927 CHURCHILL ST W
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 200,000
    HUNTINGTON UNIVERSITY
    2303 COLLEGE AVE
    HUNTINGTON,IN46750     		  PC GENERAL SUPPORT 175,000
    ILLUSION THEATER
    528 HENNEPIN AVE 704
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 5,000
    INTERFAITH CAREGIVERS- POLK
    2000 US HWY 8 SUITE 1 ST
    CROIX FALLS,WI54024     		  PC GENERAL SUPPORT 15,000
    JEREMIAH PROGRAM
    1510 LAUREL AVE SUITE 100
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 60,000
    JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST
    1800 WHITE BEAR AVENUE NORTH
    MAPLEWOOD,MN55109     		  PC GENERAL SUPPORT 105,000
    KINNICKINNIC RIVER LAND TRUST
    BOX 87
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 25,000
    KINSHIP OF POLK COUNTY
    118 CENTER ST W
    AMERY,WI54001     		  PC GENERAL SUPPORT 15,000
    LAKES CENTER FOR YOUTH & FAMILIES
    244 NORTH LAKE STREET
    FOREST LAKE,MN55025     		  PC GENERAL SUPPORT 15,000
    LAKEVIEW FOUNDATION
    325 11TH AVE
    TWO HARBORS,MN55616     		  PC GENERAL SUPPORT 275,000
    LEARNING ALLY (RECORDING FOR THE BLIND)
    20 ROSZEL ROAD
    PRNCETON,NJ08540     		  PC GENERAL SUPPORT 25,000
    LEARNING DISABILITIES ASSN (LDA)
    4068 MOUNT ROYAL BOULEVARD SUITE
    224B
    ALLISON PARK,PA15101     		  PC GENERAL SUPPORT 18,000
    LIFETRACK RESOURCES
    709 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 100,000
    LIFEWORKS
    2965 LONE OAK DRIVE 160
    EAGAN,MN55121     		  PC GENERAL SUPPORT 20,000
    LISTENING HOUSE OF ST PAUL
    464 MARIA AVE
    ST PAUL,MN55106     		  PC GENERAL SUPPORT 15,000
    LITTLE BROTHERS FRIENDS OF THE ELDERLY
    1845 E LAKE ST
    MINNEAPOLIS,MN55407     		  PC GENERAL SUPPORT 35,000
    LOAVES & FISHES
    721 KASOTA AVE SE
    MINNNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 15,000
    LUTHERAN SOCIAL SERVICES OF MN
    2485 COMO AVE
    ST PAUL,MN55108     		  PC GENERAL SUPPORT 40,000
    MASTER'S COLLEGE
    21726 PLACERITA CANYON RD
    SANTA CLARITA,CA91321     		  PC GENERAL SUPPORT 175,000
    MAYO FOUNDATION
    737 PELHAM BLVD
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 8,400,000
    MDI
    3501 BROADWAY ST NE 100
    MINNNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 150,000
    MEMORIAL BLOOD CENTERS
    1400 PARK AVE S
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 40,000
    MENTAL HEALTH TASK FORCE OF POLK COUNTY
    PO BOX 432
    SAINT CROIX FALLS,WI54024     		  PC GENERAL SUPPORT 40,000
    MERRICK INC
    3210 LABORE RD
    SAINT PAUL,MN55110     		  PC GENERAL SUPPORT 15,000
    MERRILL ARTS CENTER
    380 RIVERTOWN DR 200
    WOODBURY,MN55125     		  PC GENERAL SUPPORT 30,000
    METRO FAMILY MINISTRIES
    3375 EDGEWOOD DR
    GARLAND,TX75042     		  PC GENERAL SUPPORT 10,000
    METROPOLITAN ECONOMIC DEVELOPMENT (MEDA)
    1256 PENN AVE N STE 4800
    MINNEAPOLIS,MN55411     		  PC GENERAL SUPPORT 7,500
    MIDWEST FOOD BANK
    2700 COMMERCE DRIVE
    MIDDLETOWN,PA17057     		  PC GENERAL SUPPORT 10,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 THIRD AVE S
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 15,000
    MINNESOTA ADULT & TEEN CHALLENGE
    740 EAST 24TH STREET
    MINNEAPOLIS,MN55404     		  PC GENERAL SUPPORT 30,000
    MINNESOTA DARE
    6452 REGENCY LANE SUITE 213
    EDEN PRAIRIE,MN55344     		  PC GENERAL SUPPORT 1,000
    MINNESOTA OPERA
    620 NORTH FIRST ST
    MINNEAPOLIS,MN55401     		  PC GENERAL SUPPORT 15,000
    MINNESOTA ORCHESTRAL ASSN
    111 NICOLLET MALL
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 38,000
    MINNESOTA YOUTH SYMPHONIES
    790 CLEVELAND AVE S STE 203
    ST PAUL,MN55116     		  PC GENERAL SUPPORT 12,000
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BLVD
    APPLE VALLEY,MN55124     		  PC GENERAL SUPPORT 35,000
    MISSOURI BAPTIST UNIVERSITY
    ONE COLLEGE PARK DR
    ST LOUIS,MO63141     		  PC GENERAL SUPPORT 175,000
    MN ASSISTANCE COUNCIL FOR VETERANS
    360 ROBERT STREET N SUITE 306
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 20,000
    MN CENTER FOR BOOK ARTS
    1011 WASHINGTON AVENUE SOUTH
    MINNEAPOLIS,MN55415     		  PC GENERAL SUPPORT 25,000
    MN CHILDRENS MUSEUM
    10 W 7TH ST
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 30,000
    MN COMPUTERS FOR SCHOOLS
    970 PICKETT ST N
    BAYPORT,MN55003     		  PC GENERAL SUPPORT 50,000
    MN HISTORICAL SOCIETY
    345 KELLOGG BLVD W
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 40,000
    MN LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE
    CHASKA,MN55337     		  PC GENERAL SUPPORT 7,500
    MN LITERACY COUNCIL
    756 TRANSFER RD
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 15,000
    MNCAN
    PO BOX 27966
    MINNEAPOLIS,MN55427     		  PC GENERAL SUPPORT 2,000
    MOM'S & DAD'S AGAINST METH INC
    BOX 172
    ST CROIX FALLS,WI54024     		  PC GENERAL SUPPORT 5,000
    MORRIS ANIMAL FOUNDATION
    720 SOUTH COLORADO BLVD STE 174-A
    DENVER,CO80246     		  PC GENERAL SUPPORT 25,000
    MOUNT OLIVET ROLLING ACRES
    7200 ROLLING ACRES RD BOX 220
    VICTORIA,MN55386     		  PC GENERAL SUPPORT 40,000
    MUSCULAR DYSTROPHY ASSOCIATION
    7401 METRO BLVD 325
    EDINA,MN55439     		  PC GENERAL SUPPORT 2,000
    NAMI MN
    800 TRANSFER RD 7A
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 15,000
    NEADS
    PO BOX 213
    WEST BOYLSTON,MA01583     		  PC GENERAL SUPPORT 26,000
    NEIGHBORHOOD DEVELOPMENT CENTER
    3232 GEORGIA AVENUE SUITE 100
    WASHINGTON,DC20010     		  PC GENERAL SUPPORT 100,000
    NEW RICHMOND HERITAGE CENTER
    1100 HERITAGE DR
    NEW RICHMOND,WI54017     		  PC GENERAL SUPPORT 20,000
    NICHOLS COLLEGE
    DUDLEY HALL
    DUDLEY,MA01571     		  PC GENERAL SUPPORT 175,000
    NORTH GREENVILLE UNIVERSITY
    BOX 1892
    TIGERVILLE,SC29688     		  PC GENERAL SUPPORT 175,000
    NORTHEAST RESIDENCE INC
    410 E LITTLE CANADA ROAD
    LITTIE CANADA,MN55117     		  PC GENERAL SUPPORT 25,000
    NORTHLAKES COMMUNITY CLINIC
    7665 US HIGHWAY 2
    IRON RIVER,WI54847     		  PC GENERAL SUPPORT 100,000
    NORTHWESTERN COLLEGE
    3003 SNELLING AVE NORTH
    ST PAUL,MN55113     		  PC GENERAL SUPPORT 175,000
    OPERATION HELP
    502 COUNTY RD UU
    HUDSON,WI54016     		  PC GENERAL SUPPORT 25,000
    OPERATUNITY THEATRE
    216 W MYRTLE ST 2300
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 15,000
    ORDWAY MUSIC THEATRE
    345 WASHINGTON STREET
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 285,000
    OUR LADY OF PEACE
    2076 ST ANTHONY AVENUE
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 30,000
    PACER CENTER INC
    8161 NORMANDALE BLVD
    MINNEAPOLIS,MN55437     		  PC GENERAL SUPPORT 90,000
    PAGE ONE OF PAGE COUNTY
    42 W MAIN ST
    LURAY,VA22835     		  PC GENERAL SUPPORT 10,000
    PALM BEACH ATLANTIC UNIVERSITY
    901 SOUTH FLAGLER DR BOX 24708
    WEST PALM BEACH,FL33416     		  PC GENERAL SUPPORT 175,000
    PARK SQUARE THEATRE CO
    HISTORIC HAMM BLDG 110 408 ST PETER
    ST
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 25,000
    PAW PADS
    9877 234TH ST E
    LAKEVILLE,MN55044     		  PC GENERAL SUPPORT 25,000
    PEOPLE INC
    317 YORK AVE
    ST PAUL,MN55130     		  PC GENERAL SUPPORT 20,000
    PHILADELPHIA COMMUNITY FARM
    BOX 668
    OSCEOLA,WI54020     		  PC GENERAL SUPPORT 35,000
    PHIPPS CENTER FOR THE ARTS
    109 LOCUST ST
    HUDSON,WI54016     		  PC GENERAL SUPPORT 42,000
    PIEDMONT COLLEGE
    BOX 10
    DEMOREST,GA30535     		  PC GENERAL SUPPORT 175,000
    PRESBYTERIAN HOMES
    2109 SANDY RIDGE ROAD
    COLFAX,NC27235     		  PC GENERAL SUPPORT 2,200,000
    PREVENT BLINDNESS AMERICA
    225 WEST WACKER DRIVE SUITE 400
    CHICAGO,IL60606     		  PC GENERAL SUPPORT 15,000
    PREVENT CHILD ABUSE MINNESOTA
    709 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 15,000
    PROJECT LIFE(ST CROIX VALLEY LIFE CARE)
    713 COUNTY ROAD 5
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 50,000
    PROJECT SHARE
    5 N ORANGE ST STE 4
    CARLISLE,PA17013     		  PC GENERAL SUPPORT 10,000
    RBA BOSTON-WORCESTER CO FOOD BANK
    474 BOSTON TPKE
    SHREWSBURY,MA01545     		  PC GENERAL SUPPORT 10,000
    RBA CAITAL (FAIRFAX VA CAPITAL AREA FOOD BANK
    6833 HILL PARK DR
    LORTON,VA22079     		  PC GENERAL SUPPORT 10,000
    RBA CHICAGO NORTHFIELD TOWNSHIP FOOD PANTRY
    2550 WAUKEGAN RD STE 100
    GLENVIEW,IL60025     		  PC GENERAL SUPPORT 10,000
    RBA CLEVELAND GREATER CLEVELAND FOOD BANK
    15500 S WATERLOO RD
    CLEVELAND,OH44110     		  PC GENERAL SUPPORT 10,000
    RBA DETROIT GLEANERS COMMUNITY FOOD BANK
    2131 BEAUFAIT ST
    DETROIT,MI48207     		  PC GENERAL SUPPORT 10,000
    RBA PITTSBURGH WESTMORELAND CO FOOD BANK
    1 N LINDEN ST
    DUQUESNE,PA15110     		  PC GENERAL SUPPORT 10,000
    REBUILDING TOGETHER TWIN CITIES
    1050 33RD AVE SE STE 200
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 100,000
    REGIONS HOSPITAL FOUNDATION
    640 JACKSON ST MAIL STOP 11202C
    ST PAUL,MN55101     		  PC GENERAL SUPPORT 3,650,000
    RIVER FALLS UNIVERSITY
    410 S 3RD ST
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 25,000
    RIVER OF HOPE-RELAY FOR LIFE
    950 BLUE GENTIAN ROAD 100
    EAGAN,MN55121     		  PC GENERAL SUPPORT 10,000
    RIVER VALLEY RIDERS
    8362 TAMARACK VLG
    WOODBURY,MN55125     		  PC GENERAL SUPPORT 50,000
    RONALD MCDONALD HOUSE
    ONE KROC DRIVE
    OAK BROOK,IL60523     		  PC GENERAL SUPPORT 100,000
    SACRAMENTO FOOD BANK & FAMILY SERVICES
    3333 3RD AVE
    SACRAMENTO,CA95817     		  PC GENERAL SUPPORT 10,000
    SALVATION ARMY
    2445 PRIOR AVENUE
    ROSEVILLE,MN55113     		  PC GENERAL SUPPORT 850,000
    SCIENCE MUSEUM OF MN
    120 WEST KELLOGGG BLVD
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 30,000
    SECOND HARVEST FOOD BANK OF ORANGE CO
    8014 MARINE WAY
    IRVINE,CA92618     		  PC GENERAL SUPPORT 10,000
    SECOND HARVEST HEARTLAND
    1140 GERVAIS AVE
    ST PAUL,MN55109     		  PC GENERAL SUPPORT 200,000
    SHARING AND CARING HANDS
    525 NORTH 7TH ST
    MINNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 525,000
    SHRINERS HOSPITAL (1995)
    2025 E RIVER PARKWAY
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 125,000
    SIGHT & HEARING ASSOCIATION
    246 UNIVERSITY AVE W SUITE 226
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 7,500
    SOLID GROUND (EMWC)
    3521 CENTURY AVE N
    WHITE BEAR LAKE,MN55110     		  PC GENERAL SUPPORT 35,000
    SOUTHWEST BAPTIST UNIVERSITY
    1600 UNIVERSITY AVE
    BOLIVAR,MO65613     		  PC GENERAL SUPPORT 175,000
    SPECIAL OLYMPICS MINNESOTA
    100 WASHINGTON AVENUE SOUTH 550
    MINNEAPOLIS,MN55401     		  PC GENERAL SUPPORT 20,000
    SPRING VALLEY SENIORS STAYING PUT
    PO BOX 193
    SPRING VALLEY,WI54767     		  PC GENERAL SUPPORT 5,000
    ST CROIX COUNTY DISTRICT ATTY'S STOP DRUGS
    401 STATE ROAD 65
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 6,000
    ST CROIX FAMILY RESOURCE CENTER
    857 MAIN ST PO BOX 2087
    BALDWIN,WI54002     		  PC GENERAL SUPPORT 107,000
    ST CROIX RIVER ASSOCIATION
    PO BOX 655
    ST CROIX FALLS,WI54024     		  PC GENERAL SUPPORT 15,000
    ST CROIX VALLEY CHAPLAINCY
    BOX 322
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 20,000
    ST CROIX VALLEY COMMUNITY FDN
    SUITE 173 5865 NEAL AVE N
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 450,000
    ST CROIX VALLEY RESTORATIVE JUSTICE PROGRAMS
    401 STATE ROAD 65
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 25,000
    ST CROIX VALLEY SEXUAL ASSAULT RESPONSE
    1343 N MAIN ST
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 35,000
    ST MARY'S FOOD BANK
    611 20TH AVE S
    SEATTLE,WA98144     		  PC GENERAL SUPPORT 10,000
    ST MARY'S HEALTH CLINIC
    1890 RANDOLPH AVE
    SAINT PAUL,MN55105     		  PC GENERAL SUPPORT 15,000
    ST PAUL CHAMBER ORCHESTRA
    THE HAMM BLDG 408 ST PETER ST
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 95,000
    ST VINCENT DE PAUL OF BARABOO
    100 SOUTH BLVD
    BARABOO,WI53913     		  PC GENERAL SUPPORT 10,000
    STE AGATHEMQ MOISSON LAURENTIDES
    341 RUE LEGAULT
    BLAINVILLE,QUBECJ7C 0Y1
    CA     		  NC GENERAL SUPPORT 10,000
    STILLWATER AREA SCHOOLS DIST 834(PARTNERSHIP)
    224 N THIRD ST
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 50,000
    STORY ARK
    640 MAIN ST N 34
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 15,000
    STRATHROY - WOMEN'S RURAL RESOURCE CENTRE
    145 BEECH STREET
    STRATHROY,ONTARION7G 1K9
    CA     		  NC GENERAL SUPPORT 10,000
    SUSTAINABLE STILLWATER
    5865 NEAL AVE N
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 10,000
    THE ARTS PARTNERSHIP
    345 WASHINGTON ST
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 25,000
    THE LINK
    1210 GLANWOOD AVENUE
    MINNNEAPOLIS,MN55405     		  PC GENERAL SUPPORT 15,000
    THE PRINCIPIA
    1 MAYBECK PLACE
    ELSAH,IL62028     		  PC GENERAL SUPPORT 175,000
    THE SALVATION ARMY USA SOUTHERN TERRITORY
    1424 NORTHEAST EXPY NE
    BROOKHAVEN,GA30329     		  PC GENERAL SUPPORT 10,000
    THERESA LIVING CENTER
    917 JESSAMINE AVE E
    ST PAUL,MN55106     		  PC GENERAL SUPPORT 50,000
    THOMAS AQUINAS COLLEGE
    10000 N OJAI RD
    SANTA PAULA,CA93060     		  PC GENERAL SUPPORT 175,000
    THOMAS AQUINAS COLLEGENEW ENGLAND CAMPUS
    10000 N OJAI RD
    SANTA PAULA,CA93060     		  PC GENERAL SUPPORT 175,000
    TRUE FRIENDS (FRIENDSHIP VENTURE)
    10509 108TH ST NW
    ANNANDALE,MN55302     		  PC GENERAL SUPPORT 10,000
    TUBMAN
    PO BOX 854
    LAKE ELMO,MN55042     		  PC GENERAL SUPPORT 25,000
    TURNINGPOINT
    PO BOX 304
    RIVER FALLS,WI54022     		  PC GENERAL SUPPORT 25,000
    TURTLE LAKE AREA FOOD PANTRY
    230 DERONDA ST
    AMERY,WI54001     		  PC GENERAL SUPPORT 35,000
    TWIN CITIES HABITAT FOR HUMANITY
    1954 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC GENERAL SUPPORT 1,100,000
    TWIN CITIES PUBLIC TELEVISION
    172 4TH ST E
    SAINT PAUL,MN55101     		  PC GENERAL SUPPORT 105,000
    TWO RIVERS COMMUNITY LAND TRUST
    3880 LAVERNE AVENUE N STE 175
    LAKE ELMO,MN55042     		  PC GENERAL SUPPORT 40,000
    UNION GOSPEL MISSION
    77 9TH STREET EAST
    SAINT PAUL,MN55101     		  PC GENERAL SUPPORT 425,000
    UNION PRESBYTERIAN SEMINARY
    1050 UNION UNIVERSITY DR
    JACKSON,TN38305     		  PC GENERAL SUPPORT 175,000
    UNION UNIVERSITY
    3401 BROOK RD
    RICHMOND,VA23227     		  PC GENERAL SUPPORT 175,000
    UNITED ARTS FUNDCOMPAS
    75 5TH STREET W SUITE 304
    ST PAUL,MN55102     		  PC GENERAL SUPPORT 10,000
    UNITED FAMILY MEDICINE
    1026 WEST 7TH STREET
    SAINT PAUL,MN55102     		  PC GENERAL SUPPORT 20,000
    UNITED HOSPITAL FOUNDATION
    PO BOX 43
    MINNEAPOLIS,MN55440     		  PC GENERAL SUPPORT 250,000
    UNITED PIONEER HOME
    623 S SECOND ST
    LUCK,WI54853     		  PC GENERAL SUPPORT 100,000
    UNITED THEO SEMINARY OF TC
    3000 FIFTH ST NW
    NEW BRIGHTON,MN55112     		  PC GENERAL SUPPORT 175,000
    UNITED WAY OF ST CROIX VALLEY
    201 2ND STREET S SUITE 300
    HUDSON,WI54016     		  PC GENERAL SUPPORT 60,000
    UNITED WAY OF WASHINGTON COUNTYESTILLWATER
    5645 MEMORIAL AVENUE N
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 65,000
    UNIVERSITY OF MARY HARDIN BAYLOR
    UMH B STATION BOX 8003
    BELTON,TX76513     		  PC GENERAL SUPPORT 175,000
    UNIVERSITY OF THE CUMBERLANDS
    6178 COLLEGE ST
    WILLIAMSBURG,KY40769     		  PC GENERAL SUPPORT 175,000
    UNIVERSITY OF THE SOUTHWEST
    6610 N LOVINGTON HWY
    HOBBS,NM88240     		  PC GENERAL SUPPORT 175,000
    URBAN BOATBUILDERS
    2288 UNIVERSITY AVENUE W
    ST PAUL,MN55114     		  PC GENERAL SUPPORT 15,000
    VALLEY FRIENDSHIP CLUB
    5620 MEMORIAL AVE NORTH
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 30,000
    VISION LOSS RESOURCES
    1936 LYNDALE AVENUE S
    MINNEAPOLIS,MN55403     		  PC GENERAL SUPPORT 10,000
    VOLUNTEERS OF AMERICA OF OHIO & INDIANA
    1563 EAST BLVD
    CLEVELAND,OH44106     		  PC GENERAL SUPPORT 10,000
    WAKOTA LIFE CARE CENTER
    1140 ROBERT ST S
    WEST ST PAUL,MN55118     		  PC GENERAL SUPPORT 75,000
    WASH CO HISTORICAL SOCIETY
    602 MAIN STREET NORTH
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 20,000
    WASHINGTON COUNTY 4-H
    14949 62ND STREET N
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 15,000
    WAYLAND BAPTIST UNIVERSITY
    1900 WEST 7TH ST
    PLAINVIEW,TX79072     		  PC GENERAL SUPPORT 175,000
    WAYSIDE RECOVERY CENTER
    3705 PARK CENTER BLVD
    ST LOUIS PARK,MN55416     		  PC GENERAL SUPPORT 10,000
    WEST CENTRAL WISCONSIN COMMUNITY
    21401 KRYPTON RD
    KENDALL,WI54638     		  PC GENERAL SUPPORT 75,000
    WESTERN WISCONSIN HEALTH (BALDWIN HOSP)
    1100 BERGSLIEN STREET
    BALDWIN,WI54002     		  PC GENERAL SUPPORT 25,000
    WILDERNESS INQUIRY
    808 14TH AVE SE
    MINNEAPOLIS,MN55414     		  PC GENERAL SUPPORT 30,000
    WILLOW RIVER NATURE CENTER
    1034 CTY HWY A
    HUDSON,WI54016     		  PC GENERAL SUPPORT 300,000
    WINGATE UNIVERSITY
    CAMPUS BOX 3055
    WINGATE,NC28174     		  PC GENERAL SUPPORT 175,000
    YMCA OF GREATER ST PAUL
    2125 E HENNEPIN AVENUE
    MINNEAPOLIS,MN55413     		  PC GENERAL SUPPORT 90,000
    YOUNG LIFEST CROIX VALLEY
    1151 PARKWOOD LANE
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 90,000
    YOUTH ACTION (COMMUNITY ACTION)
    901 FOURTH ST 207
    HUDSON,WI54016     		  PC GENERAL SUPPORT 15,000
    YOUTH ADVANTAGE
    PO BOX 11
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 25,000
    YOUTH SERVICE BUREAU INC
    101 W PINE STREET
    STILLWATER,MN55082     		  PC GENERAL SUPPORT 23,000
    ZEPHYR THEATER
    7456 MELROSE AVE
    LOS ANGELES,CA90046     		  PC GENERAL SUPPORT 10,000
    Total .................................bullet 3a 40,228,610
    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 1,641,759  
    4 Dividends and interest from securities....     14 13,693,860  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 20,236,647  
    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 35,572,266 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    35,572,266
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT, TAX AND ACCOUNTING FEES 29,056 18,305   10,751

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category Amount
    NONE 0

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    STE AGATHEMQ MOISSON LAURENTIDES
          		341 RUE LEGAULT
    BLAINVILLE,QUBECJ7C 0Y1
    CA     		2020-04-21 10,000 FOOD PROGRAM 10,000 NO 06/11/20 2020-06-11 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.
    STRATHROY - WOMEN'S RURAL RESOURCE CENTRE
          		145 BEECH STREET
    STRATHROY,ONTARION7G 1K9
    CA     		2020-04-21 10,000 FOOD PROGRAM 10,000 NO 06/11/20 2020-06-11 TO THE KNOWLEDGE OF THE FOUNDATION, AND BASED UPON THE REPORTS FURNISHED BY THE GRANT RECIPIENT, NO PART HAS BEEN USED FOR OTHER THAN ITS INTENDED PURPOSE.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Name of Bond End of Year Book Value End of Year Fair Market Value
    APPLE INC NOTE CPN 1,672,454 1,672,454
    BERKSHIRE HATHAWAY SR 1,675,958 1,675,958
    BOEING CAPITAL CORP 1,013,293 1,013,293
    CATERPILLER FINL SVCS 1,512,663 1,512,663
    CHEVRON CORP NT 1,681,944 1,681,944
    COLGATE-PALMOLIVE CO 1,034,800 1,034,800
    COMCAST CORP NT 550,097 550,097
    COMCAST CORP NEW 564,092 564,092
    WALT DISNEY CO 521,439 521,439
    GLAXOSMITHKLINE CAP INC 394,725 394,725
    HERSHEY CO NT 1,045,767 1,045,767
    HERSHEY CO NT 264,511 264,511
    INTEL CORP SR NOTE 2,094,598 2,094,598
    JP MORGAN CHASE & CO 2,238,438 2,238,438
    LEHMAN BROS HLDGS 1,380 1,380
    MERCK & CO NT 1,357,898 1,357,898
    PNC BANK SR NT 840,225 840,225
    PEPSICO INC NT 545,616 545,616
    UNITED PARCEL SERVIES 1,307,389 1,307,389
    UNITEDHEALTH GROUP NT 1,424,170 1,424,170
    VISA INC 835,676 835,676
    WAL MART STORES INC 2,357,154 2,357,154
    WELLS FARGO & CO MED TRM NT 1,981,482 1,981,482
    UNITED PARCEL SERVICE 2.80% 810,551 810,551
    APPLE INC 104,844 104,844
    APPLE INC 557,747 557,747
    APPLE INC 1,122,224 1,122,224
    BANK OF MONTREA 1,558,010 1,558,010
    BANK OF MONTREAL 495,641 495,641
    BERKSHIRE HATHAW 1,001,017 1,001,017
    BERKSHIRE HATHAW 279,351 279,351
    BRITSOL-MYERS SQUIB 2,052,352 2,052,352
    CATERPILLAR FIN 1,047,437 1,047,437
    CHEVRON CORP 1,573,039 1,573,039
    THE COCA-COLA 83,172 83,172
    COMCAST CORP 2,194,678 2,194,678
    DEERE & CO 821,657 821,657
    JOHN DEERE CAPIT 1,533,036 1,533,036
    JOHN DEERE CAPIT 861,682 861,682
    THE WALT DISNEY 1,039,354 1,039,354
    ILLINOIS TOOL 608,028 608,028
    INTEL CORP 1,076,488 1,076,488
    JPMORGAN CHASE 446,881 446,881
    ELI ILLY AND CO 545,595 545,595
    MERCK & CO 814,611 814,611
    METLIFE, INC 443,010 443,010
    MICROSOFT CORP 51,107 51,107
    NTNL AUSTRALIA BAN 263,371 263,371
    NORTHERN TRUST 254,912 254,912
    ORACLE CORP 1,092,271 1,092,271
    ORACLE CORP 50,659 50,659
    PNC BANK, NTNL 165,024 165,024
    PACIFICORP 204,374 204,374
    PEPSICO 546,032 546,032
    PEPSICO 1,649,521 1,649,521
    PRAXAIR INC 509,143 509,143
    PRECISION CSTPA 495,747 495,747
    THE PROCTOR & GA 2,002,416 2,002,416
    TEXAS INSTRUMENT 104,225 104,225
    UNITEDHEALTH GROUP INC 1,138,656 1,138,656
    WALMART INC 784,486 784,486

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ISHARES GOLD ETF 2,039,625 2,039,625
    AGILENT TECHNOLOGIES 36,495 36,495
    AIR PROD & CHEMICALS 80,053 80,053
    ANSYS INC 256,115 256,115
    AUTODESK INC 394,194 394,194
    BLACK KNIGHT INC 333,168 333,168
    BRIGHT HORIZON FAM 64,871 64,871
    BROOKFIELD ASSET MGM F 554,875 554,875
    BROOKFIELD INFRASTRUCT F 179,087 179,087
    BROOKFIELD PPTY REIT INC 23,620 23,620
    BROOKFIELD RENEWABLE CF 18,588 18,588
    BROWN & BROWN INC 179,399 179,399
    BROWN FORMAN CORP 71,328 71,328
    CBRE GROUP INC 257,215 257,215
    CANNAE HOLDINGS INC 28,864 28,864
    CARMAX INC. 363,010 363,010
    COGNEX CORP 25,771 25,771
    COLFAX CORP 46,003 46,003
    COPART INC 403,510 403,510
    COSTAR GROUP INC 289,300 289,300
    CREDIT ACCEPT CORP 167,878 167,878
    DOLLAR GENERAL CORP 64,562 64,562
    DOMINOS PIZZA INC 164,888 164,888
    FASTENAL CO 169,831 169,831
    FNFV GROUP 170,823 170,823
    FIRST REPBULIC BANK SAN 109,463 109,463
    GARTNER INC 229,712 229,712
    GUIDEWIRE SOFTWARE 198,630 198,630
    HEICO CORP 154,285 154,285
    HILTON WORLDWIDE HLD 336,339 336,339
    HOWARD HUGHES CORP 105,608 105,608
    HYATT HOTELS 87,095 87,095
    IDEXX LABS INC 185,452 185,452
    KKR & CO INC 375,707 375,707
    KENNEDY WILSON HLDGS 63,170 63,170
    LENNAR CORP 173,881 173,881
    LIBERTY BROADBAND CO 74,378 74,378
    LIBERTY BROADBAND CO 318,640 318,640
    LIBERTY MEDIA CORP 31,961 31,961
    LIBERTY MEDIA CORP 84,670 84,670
    LIBERTY MEDIA CORP 116,639 116,639
    LIBERTY MEDIA CORP 8,662 8,662
    LIVE NATION ENTRTMNT 186,198 186,198
    M & T BANK CORP 42,646 42,646
    MSCI INC 135,745 135,745
    MARKEL CORP 290,357 290,357
    MARTIN MARIETTA MATR 158,739 158,739
    METTLER TOLEDO INTL 206,282 206,282
    MICROCHIP TECHNOLOGY 232,439 232,439
    MOODYS CORP 125,384 125,384
    MOTOROLA SOLUTIONS 128,905 128,905
    O REILLY AUTOMOTIVE 307,295 307,295
    PROGRESSIVE CO OHIO 94,529 94,529
    REALPAGE INC 187,392 187,392
    RESTAURANT BRANDS F 221,890 221,890
    ROPER TECHNOLOGIES 243,135 243,135
    ROSS STORES INC 107,090 107,090
    S&P GLOBAL INC 63,445 63,445
    S B A COMMUNICATIONS 347,584 347,584
    SLACK TECHNOLOGIES INC 89,718 89,718
    SQUARE INC 85,533 85,533
    SUMMIT MATERIALS INC 53,272 53,272
    TRANSDIGM GROUP INC 597,190 597,190
    TRANSUNION 198,440 198,440
    TYLER TECHNOLOGIES 121,789 121,789
    VAIL RESORTS INC 222,889 222,889
    VERISIGN INC 244,316 244,316
    VERISK ANALYTICS INC 192,436 192,436
    VULCAN MATERIALS COM 302,107 302,107
    AON PLC 95,283 95,283
    ARCH CAP GROUP LTD 187,997 187,997
    HIS MARKIT LTD 182,445 182,445
    WIX COM LTD 295,703 295,703
    ACCELERON PARMA INC 62,435 62,435
    ACCOLADE INC 38,280 38,280
    ADAPTIVE BIOTECHNOLOGIES 60,667 60,667
    ADAPT HEALTH CORP. CLASS 109,563 109,563
    ADDUS HOMECARE CORP 85,124 85,124
    ALCOA CORP 44,302 44,302
    ALLEGRO MICROSYSTEMS INC 88,298 88,298
    ARRAY TECHNOLOGIES INC 28,170 28,170
    ASPEN TECHNOLOGY INC 87,528 87,528
    ATKORE INTERNTNL GROU005 99,774 99,774
    ATLAS AIR WORLDWIDE 34,851 34,851
    B J S WHOLESALE CLUB HOL 57,411 57,411
    BED BATH & BEYOND 57,240 57,240
    BENTLEY SYSTEM INC 38,079 38,079
    BIGCOMMERCE HLDGS INC 21,041 21,041
    BLOOMIN BRANDS INC 18,701 18,701
    BLUEBIRD BIO INC 14,409 14,409
    BRIGHTVIEW HOLDINGS INC 55,279 55,279
    BRINKER INTL INC 42,597 42,597
    BRISTOW GROUP INC DELAWA 16,950 16,950
    CNO FINL GROUP 74,693 74,693
    CABOT CORP 40,033 40,033
    C A C I INC 109,456 109,456
    CAESARS ENTMT INC NEW 187,606 187,606
    CENTRAL GARDEN & PET 61,797 61,797
    CHAMPIONX CORP 38,097 38,097
    CLEVELAND-CLIFFS INC 91,859 91,859
    COLLEGIUM PHARMACEUTICAL 26,039 26,039
    CONCENTRIX 56,160 56,160
    COUSINS PROPERTIES 70,384 70,384
    DARLING INGREDIENTS 68,062 68,062
    DUCK CREEK TECHNOLOGIES 9,093 9,093
    DYCOM INDUSTRIES INC 103,085 103,085
    ENCOMPASS HEALTH CORP 90,794 90,794
    ENERSYS 107,729 107,729
    ENTEGRIS INC 79,283 79,283
    EVENTBRITE INC 76,237 76,237
    EXTENDED STAY AMERICA IN 63,120 63,120
    FIBROGEN INC 30,117 30,117
    FIRST FOUNDATION INC 39,980 39,980
    FIRST INDUSTRIAL FLT 88,768 88,768
    FIRST MERCHANTS CORP 71,079 71,079
    FIRST MIDWEST BANCRP 74,028 74,028
    GLATFELTER 15,430 15,430
    GRAPHIC PACKAGING HL 56,732 56,732
    GREAT LAKES DREDGE 59,370 59,370
    HANOVER INSURANCE 58,811 58,811
    HEIDRICK&STRUGGLES 24,826 24,826
    INSMED INC 55,428 55,428
    IOVANCE BIOTHERAPEUTICS 55,726 55,726
    JAMF HOLDING CORP 41,948 41,948
    KOPPERS HOLDINGS INC 12,464 12,464
    LESLIES INC 47,231 47,231
    LINDBLAD EXPEDITIONS HOL 25,783 25,783
    MYR GROUP INC 51,686 51,686
    MASONITE INTL CORP 81,819 81,819
    MEDIFAST INC 40,446 40,446
    MODINE MANUFACTURING 22,445 22,445
    NATERA INC 178,340 178,340
    NESCO HOLDINGS INC 31,625 31,625
    NEVRO CORP 91,224 91,224
    PMV PHARMACEUTICALS INC 44,226 44,226
    PERFORMANCE FOOD GROUP C 58,227 58,227
    PIEDMONT LITHIUM LTD 11,496 11,496
    PIPER SANDLER COMPANIES 58,623 58,623
    PLANET FITNESS INC 55,894 55,894
    PORTLAND GENERL ELEC 58,338 58,338
    PROVIDENT FINL 48,384 48,384
    PURPLE INNOVATION L L C 102,114 102,114
    REVANCE THERAPEUTICS 34,688 34,688
    REVOLVE GROUP INC 57,041 57,041
    REXNORD CORP 102,516 102,516
    SALLY BEAUTY HOLDING 49,904 49,904
    SEAGEN INC 50,615 50,615
    SITIME CORP 72,195 72,195
    SKYWEST INC 55,346 55,346
    SOLARWINDS CORP 58,021 58,021
    SOUTHWEST GAS HOLDINGS I 70,774 70,774
    SPROUT SOCIAL INC 102,717 102,717
    STERLING BANCORP 105,219 105,219
    STEWART INFO SVCS CO 13,057 13,057
    STIFEL FINL CO 94,461 94,461
    SYNNEX CORP 46,339 46,339
    SYNEOS HEALTH INC 97,494 97,494
    TAYLOR MORRISON HOME 63,586 63,586
    TREAN INSURANCE GROUP IN 21,366 21,366
    UNITED COMMNITY BKS 105,598 105,598
    VITAL FARMS INC 44,039 44,039
    VROOM INC 76,368 76,368
    WORLD FUEL SERVICES 28,574 28,574
    ESSENT GROUP LTD 29,203 29,203
    HORIZON THERAPEUTICS P F 111,993 111,993
    TRITON INTL LTD 76,452 76,452
    ADC THERAPEUTICS SA 22,887 22,887
    AIA GROUP LTD 255,181 255,181
    ADIDAS AG 128,459 128,459
    ADYEN NV 315,752 315,752
    AIR LIQUIDE 65,418 65,418
    ALFA LAVAL 74,200 74,200
    ALIBABA GROU PHOLDING 86,808 86,808
    ALLIANZ SE 187,315 187,315
    AMBREY S A 83,336 83,336
    ATLAS COPCO AB 241,353 241,353
    BANCO BILBOA VIZCAYA A F 103,607 103,607
    CANADIAN NATL RAILWY 73,160 73,160
    CHUGAI PHARMACEUTICALS 165,026 165,026
    DBS GROUP HOLDINGS LIM 194,156 194,156
    DASSAULT SYSTEM SA 230,758 230,758
    DIAGEO PLC 109,102 109,102
    EPIROC AKTIEBOLAG 99,290 99,290
    FANUC LTD JAPAN 65,009 65,009
    FOMENTO ECONOMICO MEXI 108,957 108,957
    FUCHS PETROLUB AG 35,988 35,988
    HDFC BANK LTD 76,740 76,740
    ICICI BANK LTD 93,603 93,603
    INFINEON TECH AG 336,140 336,140
    ITAU UNIBANCO HOLDIN 120,083 120,083
    KOMATSU LTD 91,242 91,242
    KUBOTA LTD 131,415 131,415
    LOREAL SA 220,378 220,378
    LONZA GROUP AG 201,724 201,724
    NESTLE SA 160,915 160,915
    NITORI HLDGS CO LTD 85,546 85,546
    NOVOZYMES AS 67,343 67,343
    OIL CO LUKOIL PJSC 78,724 78,724
    PING AN INSURNCE GP 111,916 111,916
    RIO TINTO PLC 160,444 160,444
    ROCHE HLDG AG 197,675 197,675
    ROYAL DUTCH SHELL 71,388 71,388
    SAP SE 240,830 240,830
    SCHNEIDER ELECTRIC SA 179,519 179,519
    SGS SA 75,283 75,283
    SHIONOGI & CO LTD 61,472 61,472
    SONOVA HOLDING A G 106,006 106,006
    SYMRISE AG 119,322 119,322
    SYSMEX CORP 122,105 122,105
    TAIWAN SEMICONDUCTR 353,508 353,508
    TENCENT HOLDINGS 183,535 183,535
    UNICHARM CORP 164,977 164,977
    UNILEVER PLC 116,616 116,616
    LINDE PLC 103,032 103,032
    ALCON INC 93,362 93,362
    CHECK PT SOFTWARE 169,194 169,194
    YANDEX N V 67,006 67,006
    ABB LTD 130,098 130,098
    AIA GROUP LTD 116,094 116,094
    AIR LIQUIDE 93,671 93,671
    ALSTOM SA 75,962 75,962
    BNP PARIBAS MEDIUM TER 77,568 77,568
    BANCO SANTANDER SA IAM 74,353 74,353
    BEIERSDORF AG 94,106 94,106
    BHP GROUP LTD 87,948 87,948
    CANADIAN NATL RAILWY 69,096 69,096
    CARLSBERG AS 86,269 86,269
    CONTINENTAL AG HANNOVE 52,479 52,479
    DBS GROUP OLDINGS IM 65,023 65,023
    DAIWA HOUSE IND LTD 69,096 69,096
    ENEL-SOCIETA PER AZION 134,680 134,680
    ENGIE SA 161,919 161,919
    EQUINOR A S A 48,882 48,882
    FERGUSON PLC NEW 86,101 86,101
    FLUGHAFEN ZUERICH AG 33,480 33,480
    FUJITSU LIMITED 58,075 58,075
    HEXAGON AB 81,404 81,404
    HITACHI LTD 108,857 108,857
    INDUSTRIA DE DISENO TE 28,327 28,327
    INFORMA PLC 51,195 51,195
    INTERTEK GROUP PLC 43,666 43,666
    KAO CORP 61,837 61,837
    KNORR-BREMSE AG 79,191 79,191
    LONDON STOCK EXCHANGE 65,489 65,489
    LONZA GROUP AG 71,577 71,577
    MAKITA CORP 97,942 97,942
    MERCK KGAA 78,364 78,364
    NEXON CO LIMITED 79,551 79,551
    NINTENDO LTD 142,440 142,440
    NORDEA BANK ABP 66,838 66,838
    NOVARTIS AG 143,722 143,722
    PERNOD RICARD S A 77,314 77,314
    PRUDENTIAL PLC 85,751 85,751
    RELX PLC 161,153 161,153
    ROYAL DSM N V 102,023 102,023
    RYANAIR HLDGS PLC 94,803 94,803
    RYOHIN KEIKAKU CO 68,991 68,991
    SANFRAN 148,897 148,897
    SAMPO OYJ 88,443 88,443
    SANDVIK AB 84,639 84,639
    SANOFI S A 149,074 149,074
    SHIN ETSU CHEMICAL CO 110,742 110,742
    SHIMANO INC 85,014 85,014
    SIEMENS GAMESA ENEWAB 56,697 56,697
    SUMITOMO MITSUI FINLOO 78,322 78,322
    SUNCOR ENERGY INC 52,589 52,589
    SUZUKI MOTOR CO LTD 61,103 61,103
    TELENOR ASA 76,432 76,432
    TESCO PLC 114,714 114,714
    UNILEVER PLC 107,139 107,139
    VESTAS WIND SYS AS UTD 112,886 112,886
    VINCI S A 57,391 57,391
    VIVENDI SA 115,175 115,175
    VOLKSWAGEN A G 130,823 130,823
    WOLTERS KLUWER N V 70,929 70,929
    Z HLDGS CORP 42,661 42,661
    AON PLC 139,015 139,015
    ACCENTURE PLC 108,662 108,662
    MEDTRONIC PLC 143,847 143,847
    ANDERSEN STOCK 722,727,480 722,727,480
    ABBOTT LABORATORIES 602,414 602,414
    AIR PRODUCTS AND CHEMICALS, INC 543,708 543,708
    ALPHABET INC CLASS C 627,173 627,173
    AMETEK INC 701,210 701,210
    AMPHENOL CORP 697,135 697,135
    AUTOMATIC DATA PROCESSING INC 754,312 754,312
    AVERY DENNISION CORP 702,493 702,493
    BAXTER INTERNATIONAL INC. 552,372 552,372
    BECTON, DICKINSON & CO. 615,541 615,541
    BROADRIDGE FINANCIAL SOLUTIONS 654,011 654,011
    BROWN & BROWN INC 602,866 602,866
    CMC MATERIAL INC 581,749 581,749
    CACI INTERNATIONAL INC. CLASS A 624,322 624,322
    CARLISLE COMPANIES, INC 700,936 700,936
    CENTENE CORP 581,090 581,090
    COLUMBIA SPORTSWEAR COMPANY 588,155 588,155
    COOPER COS INC NEW 610,014 610,014
    CURTISS-WRIGHT COPR DE 673,899 673,899
    DOLLAR GENERAL CORP NEW 568,020 568,020
    ESCO TECHNOLOGIES 668,969 668,969
    FLIR SYSTEMS 713,377 713,377
    FTI CONSULTING INC 571,448 571,448
    FACEBOOK INC 540,584 540,584
    FIRST REPUBLIC BANK SAN FRAN 730,536 730,536
    FISERV INV 674,621 674,621
    FORWARD AIR CORP 760,409 760,409
    ARTHUR J GALLAGHER & CO 695,250 695,250
    HILL ROM HOLDINGS INC 624,069 624,069
    HONEYWELL INTERNATIONAL INC 751,895 751,895
    JB HUNT TRANSPORTATION SERVICES 573,793 573,793
    INTERCONTINENTAL EXCHANGE INC 643,779 643,779
    IQVIA HOLDINGS INC 645,550 645,550
    KEYSIGHT TECHNOLOGIES INC 780,124 780,124
    LAB CORP OF AMERICA HOLDINGS 605,154 605,154
    MARSH & MCLENNAN COS. INC 603,720 603,720
    MAXIMUS INC 556,610 556,610
    NORTHROP GRUMMAN CORP 525,033 525,033
    PERKINELMER INC 636,853 636,853
    PRIMERICA INC 635,498 635,498
    SS&C TECHNOLOGIES HOLDINGS INC 667,336 667,336
    SHERWIN-WILLIAMS CO 644,516 644,516
    STRYKER CORP 659,158 659,158
    TETRA TECH INC NEW 659,251 659,251
    TEXAS INSTRUMENTS INC 672,769 672,769
    TORO COMPANY 640,929 640,929
    TRACTOR SUPPLY CO 554,588 554,588
    TTEC HOLDINGS, INC 741,188 741,188
    UNION PACIFIC CORP 593,635 593,635
    UNITEDHEALTH GROUP INC 659,980 659,980
    ICON PUBLIC LIMITED COMPANY 554,133 554,133
    IHS MARKET LTD 654,861 654,861
    ELBIT SYSTEMS LTD 577,874 577,874
    AMDOCS LTD 679,722 679,722
    AON PLC SHS CL A 622,401 622,401
    GENPACT LIMITED 585,574 585,574
    MEDTRONIC PLC 647,900 647,900

    TY 2020 InvestmentsOtherSchedule2
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EQUINIX INC FMV 131,409 131,409
    VORNADO REALTY TRUST FMV 24,980 24,980
    AGREE REALTY CORP FMV 76,300 76,300
    PEBBLEBROOK HOTEL TR FMV 33,107 33,107
    GS ACQUISITION /U 23 UTS FMV 118,936 118,936
    CAUSEWAY EMRG MKTS FD IN FMV 5,484,584 5,484,584
    JPMORGAN HEDGED EQUITY I FMV 9,649,663 9,649,663
    NUVEEN REAL ESTATE SECUR FMV 1,048,970 1,048,970
    RECURRENT MLP & FMV 1,518,701 1,518,701
    VANGUARD TOTAL STOCK MKT FMV 6,130,308 6,130,308
    DRIEHAUS EMERGING MKTS GROWTH FMV 6,516,223 6,516,223
    T ROWE PRICE INTERNATIONAL DISCOVERY FUND CLASS I FMV 7,376,829 7,376,829
    VANGUARD DEVELOPED MARKETS INDEX FUND ADMIRAL SHARES (0127) FMV 14,555,708 14,555,708
    VANGUARD MID-CAP INDEX FUND ADMIRAL SHARES (5859) FMV 15,821,624 15,821,624
    VANGUARD TOTAL STOCK MARKET INDEX FUND INSTITUTIONAL SHARES (855) FMV 39,633,418 39,633,418
    VICTORY RS SMALL CAP GROWTH FUND CLASS Y FMV 1,974,656 1,974,656
    DODGE & COX INCOME FUND FMV 4,804,123 4,804,123
    FEDERATED INSTL HIGH YIELD BOND FD (900) FMV 5,313,108 5,313,108
    TEMPLETON GLOBAL BOND ADV FMV 944,469 944,469
    VANGUARD INTERMEDIATE- TERM INVESTMENT-GRADE FUND ADMIRAL SHARES (571) FMV 8,861,368 8,861,368
    VANGUARD INTERMEDIATE-TERM TREASURY FUND ADMIRAL SHARES (535) FMV 7,807,239 7,807,239
    VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND ADMIRAL SHARES (511) FMV 8,688,564 8,688,564
    VANGUARD SHORT-TERM FEDERAL FUND ADMIRAL SHARES (549) FMV 5,730,640 5,730,640
    FIDELITY MERRIMACK STR TR TOTAL BD FMV 70,796 70,796
    FRANKLIN FTSE UNITED KINGDOM FMV 797,896 797,896
    FRANKLIN FTSE JAPAN ETF FMV 706,650 706,650
    FRANKLIN FTSE BRAZIL ETF FMV 310,351 310,351
    GLOBAL X CHINA CONSUMER ETF FMV 2,151,878 2,151,878
    ISHARES MSCI AUSTRALIA INDEX FMV 849,291 849,291
    ISHARES MSCI CANADA INDEX FMV 836,288 836,288
    ISHARES MSCI FRANCE FMV 721,875 721,875
    ISHARES MSCI SOUTH KOREA INDEX FUND FMV 409,512 409,512
    ISHARES MSCI NETHERLANDS FMV 796,994 796,994
    ISHARES MSCI NEW ZEALAND CAPPED FMV 557,493 557,493
    ISHARES MSCI INDONESIA FMV 333,267 333,267
    ISHARES MSCI PHILIPPINES INVSTB MKT IDX FMV 225,565 225,565
    ISHARES MSCI INDIA FMV 285,683 285,683
    ISHARES MSCI SINGAPORE FMV 672,990 672,990
    ISHARES MSCI ITALY CAPPED FMV 670,879 670,879
    ISHARES INC MSCI AUSTRIA INDEX FMV 658,158 658,158
    ISHARES INC MCSI THAILAND FMV 332,942 332,942
    ISHARES INC. MSCI SWITZERLAND INDEX FMV 755,718 755,718
    MFC ISHARES INC MSCI SWEDEN INDEX FMV 797,353 797,353
    MFC ISHARES INC MSCI SPAIN INDEX FMV 721,995 721,995
    ISHARES MSCI GERMANY INDEX FMV 746,309 746,309
    ISHARES INC MSCI MEXICO INVESTABLE FMV 402,730 402,730
    ISHARES MSCI HONG KONG INDEX FUND FMV 591,212 591,212
    ISHARES MSCI POLAND INVESTABLE MKT INDEX FMV 398,146 398,146
    ISHARES MSCI TAIWAN FMV 118,050 118,050
    INVESCO CONSERVATIVE INCOME INSTL FMV 200,000 200,000

    TY 2020 LegalFeesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 22,592 0   22,592


    TY 2020 OtherExpensesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE EXPENSE 22,284 0   22,284
    OTHER EXPENSES 7,867 0   7,867


    TY 2020 OtherIncreasesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Description Amount
    CHANGE IN UNREALIZED GAIN ON INVESTMENTS 197,503,591


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FIRST STATE BANK TRUST FEES 289,068 289,068   0
    CHARLES SCHWAB FEES 280,236 280,236   0
    PTC TRUST FEES 193,229 193,229   0
    MARKS GROUP CONSULTING FEES 36,000 36,000   0


    TY 2020 TaxesSchedule
    Name:
    FRED C AND KATHERINE B ANDERSEN
     
    FOUNDATION
    EIN:
    41-6020920
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES-INVESTMENT INCOME 152,267 0   0