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
ENGELSTAD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)851 S RAMPART BLVD STE 150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV891454882
A Employer identification number

80-6008137
B Telephone number (see instructions)

(702) 732-7102
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$885,580,080J 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 25,971 25,971  
4 Dividends and interest from securities... 14,849,178 14,849,178  
5a Gross rents............ 517,976 517,976  
b Net rental income or (loss) 103,787
6a Net gain or (loss) from sale of assets not on line 10 14,265,921
b Gross sales price for all assets on line 6a 302,535,337
7 Capital gain net income (from Part IV, line 2)... 14,265,921
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 1,373,536 1,373,536  
12 Total. Add lines 1 through 11........ 31,032,582 31,032,582  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 897,917 299,583   0
14 Other employee salaries and wages...... 234,959 0   0
15 Pension plans, employee benefits....... 94,984 0   0
16a Legal fees (attach schedule)......... Click to see attachment 130,225 130,225   0
b Accounting fees (attach schedule)....... Click to see attachment 267,743 133,872   0
c Other professional fees (attach schedule).... Click to see attachment 7,700,524 7,598,774   0
17 Interest............... 759,276 759,276   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 492,000 427,147   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 28,571 0  
20 Occupancy.............. 120,304 0   0
21 Travel, conferences, and meetings....... 60,750 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 285,163 177,801   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,072,416 9,526,678   0
25 Contributions, gifts, grants paid....... 35,780,220 35,780,220
26 Total expenses and disbursements. Add lines 24 and 25 46,852,636 9,526,678   35,780,220
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -15,820,054
b Net investment income (if negative, enter -0-) 21,505,904
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......... 6,612,073 11,928,238 11,928,238
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) bullet139,742
Less: allowance for doubtful accounts bullet0 0 139,742 139,742
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 746,828,570 Click to see attachment720,833,093 837,410,045
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet26,802,865
Less: accumulated depreciation (attach schedule) bullet   28,573,315 26,802,865 21,123,601
12 Investments—mortgage loans............. 2,725,796 2,725,796 0
13 Investments—other (attach schedule).......... 11,591,274 Click to see attachment13,196,491 10,250,000
14 Land, buildings, and equipment: basis bullet5,759,847
Less: accumulated depreciation (attach schedule) bullet122,603 3,072,323 Click to see attachment5,637,244 4,627,530
15 Other assets (describe bullet) Click to see attachment29,618 Click to see attachment100,924 Click to see attachment100,924
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 799,432,969 781,364,393 885,580,080
Liabilities 17 Accounts payable and accrued expenses.......... 6  
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) Click to see attachment18,000,000 Click to see attachment14,736,226
23 Total liabilities (add lines 17 through 22)......... 18,000,006 14,736,226
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........... 781,432,963 766,628,167
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 781,432,963 766,628,167
30 Total liabilities and net assets/fund balances (see instructions). 799,432,969 781,364,393
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
781,432,963
2
Enter amount from Part I, line 27a .....................
2
-15,820,054
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,691,258
4
Add lines 1, 2, and 3 ..........................
4
767,304,167
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
676,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
766,628,167
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 NORTHERN TRUST #26-29112 P    
b NORTHERN TRUST #26-29112 P    
c NORTHERN TRUST #26-29750 P    
d NORTHERN TRUST #26-29750 P    
e NORTHERN TRUST #26-29751 P    
NORTHERN TRUST #26-29751 P    
NORTHERN TRUST #26-41563 P    
NORTHERN TRUST #26-41563 P    
NORTHERN TRUST #26-45533 P    
NORTHERN TRUST #26-50922 P    
NORTHERN TRUST #26-50922 P    
NORTHERN TRUST #26-55011 P    
NORTHERN TRUST #26-55011 P    
NORTHERN TRUST #26-91857 P    
NORTHERN TRUST #26-91857 P    
NORTHERN TRUST #26-99964 P    
BASIS ADJUSTMENT P    
BASIS ADJUSTMENT P    
CALLAN (BNY MELLON) P    
CALLAN (BNY MELLON) P    
FIDELITY - 3160 P    
FIDELITY - 3160 P    
FIDELITY - 3160 P    
ABBOT DOWNING P    
ABBOT DOWNING P    
ABBOT DOWNING P    
BANK OF AMERICA - 7448 P    
OTHER GAIN/LOSS P    
GAIN IN EXCESS OF BASIS (ACCT 406.731) P    
ALLIANZGI STRUCTURED ALPHA 1000 PLUS LLC P    
APEX UTILITY HOLDING COMPANY P    
FOUR-DH 25 PARTNERS LP (SUNRISE MOUNTAIN) P    
FOUR-DH 25 PARTNERS LP (WHITE PINE) P    
REDWOOD LAND HOLDINGS, LLC (SUNRISE MOUNTAIN) P    
REDWOOD LAND HOLDINGS, LLC (WHITE PINE) P    
SIX-HH 30 PARTNERS LP (MOAPA MGMT) P    
SIX-HH 30 PARTNERS LP (RUBY VALLEY) P    
SIX-HH 30 PARTNERS LP (SILVER CITY) P    
SIX-HH 30 PARTNERS LP (SUNRISE MOUNTAIN) P    
SIX-HH 30 PARTNERS LP (WHITE PINE) P    
TWO-DH 120 PARTNERS LP (SILVER CITY) P    
TWO-DH 120 PARTNERS LP (SUNRISE MOUNTAIN) P    
TWO-DH 120 PARTNERS LP (WHITE PINE) P    
UTILITY MANAGEMENT COMPANY, LLC P    
APEX INDUSTRIAL PARK, INC P    
TURNER-AGASSI CHARTER SCHOOL FACILITIES FUND III, LP P    
LAZARD GLOBAL FIXED INCOME TRUST P    
LHP ATLAS THREE BRIDGES P    
EFF SAM ALDERBROOK LOTS P    
TIMBER SALES - DOMAIN LIBERTY P    
SWENSON LAND P    
PASSTHROUGH - CAPITAL GAINS P    
PASSTHROUGH - CAPITAL GAINS P    
PASSTHROUGH - SECTION 1231 GAINS P    
PASSTHROUGH - SECTION 1256 P    
PASSTHROUGH - SECTION 1256 P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 80,559   96,720 -16,161
b 1,200,530   1,538,726 -338,196
c 6,237,869   6,201,363 36,506
d 4,898,967   4,694,758 204,209
e 310,627   343,090 -32,463
2,939,373   3,251,270 -311,897
178,924   219,870 -40,946
4,121,076   3,862,853 258,223
800,000   697,277 102,723
4,223,621   4,205,543 18,078
4,252,628   3,406,916 845,712
889,097   911,852 -22,755
458,605   42,399 416,206
48,461   47,236 1,225
1,201,539   1,205,147 -3,608
1,000,000   842,209 157,791
798,759     798,759
372,619     372,619
48,792,864   46,644,502 2,148,362
164,174,337   156,945,698 7,228,639
1,265,779   1,014,915 250,864
6,936,623   6,145,073 791,550
3,366,268   1,603,458 1,762,810
3,859,942   3,831,233 28,709
11,992,519   11,301,995 690,524
620,166   615,165 5,001
15,338   14,878 460
    349 -349
47,945     47,945
    27,902 -27,902
379,883     379,883
26,081     26,081
28,141     28,141
    3,060 -3,060
1,006     1,006
4,433     4,433
2,217     2,217
4,433     4,433
4,433     4,433
4,433     4,433
6,384     6,384
4,258     4,258
6,384     6,384
1,379,912     1,379,912
76,640     76,640
41,937     41,937
36,198     36,198
    699,892 -699,892
3,639,800   2,048,814 1,590,986
209,950     209,950
1,164,067   841,642 322,425
3,038,368     3,038,368
16,125,582     16,125,582
    24,763 -24,763
    9,975,539 -9,975,539
    14,963,309 -14,963,309
1,265,762     1,265,762
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       -16,161
b       -338,196
c       36,506
d       204,209
e       -32,463
      -311,897
      -40,946
      258,223
      102,723
      18,078
      845,712
      -22,755
      416,206
      1,225
      -3,608
      157,791
      798,759
      372,619
      2,148,362
      7,228,639
      250,864
      791,550
      1,762,810
      28,709
      690,524
      5,001
      460
      -349
      47,945
      -27,902
      379,883
      26,081
      28,141
      -3,060
      1,006
      4,433
      2,217
      4,433
      4,433
      4,433
      6,384
      4,258
      6,384
      1,379,912
      76,640
      41,937
      36,198
      -699,892
      1,590,986
      209,950
      322,425
      3,038,368
      16,125,582
      -24,763
      -9,975,539
      -14,963,309
      1,265,762
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 14,265,921
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................................ 1 298,932
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........................... 3 298,932
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- ..... 5 298,932
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 858,999
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 958,999
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 10 660,067
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet660,067 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)
    bulletNV
    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 addressbulletENGELSTADFOUNDATION.COM
    14
    The books are in care ofbulletW CRAIG RAMOS Telephone no.bullet (702) 385-4646

    Located atbullet718 S 8TH STREETLAS VEGASNV ZIP+4bullet89101
    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
     
    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
    BETTY ENGELSTAD PRESIDENT/TRUSTEE
    1.00     		0 0 0
    851 S RAMPART BLVD STE 150
    LAS VEGAS,NV89145
    JEFFREY COOPER TREASURER/TRUSTEE
    30.00     		400,000 0 0
    10801 W CHARLESTON BLVD STE 300
    LAS VEGAS,NV89135
    KRIS MCGARRY VICE PRESIDENT/TRUSTEE
    30.00     		400,000 0 0
    851 S RAMPART BLVD STE 150
    LAS VEGAS,NV89145
    SEAN MCGARRY ASSISTANT TRUSTEE
    20.00     		97,917 0 0
    851 S RAMPART BLVD STE 150
    LAS VEGAS,NV89145
    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
    DENISE WHITE EXECUTIVE ASSISTANT
    40.00     		96,875 0 0
    851 S RAMPART BLVD 150
    LAS VEGAS,NV89145
    JUNE THORSEN-GRATTON ADMINISTRATIVE ASSIS
    40.00     		74,103 0 0
    851 S RAMPART BLVD 150
    LAS VEGAS,NV89145
    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
    W CRAIG RAMOS LTD ACCOUNTING 178,230
    718 S 8TH STREET
    LAS VEGAS,NV89101
    FABIAN VANCOTT LEGAL 129,303
    601 S 10TH STREET 204
    LAS VEGAS,NV89101
    RUBINBROWN LLP ACCOUNTING 119,046
    10801 W CHARLESTON BLVD STE 300
    LAS VEGAS,NV89135
    THE FIRM CONSULTING 79,625
    6157 S RAINBOW BLVD
    LAS VEGAS,NV89118
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    788,071,805
    b
    Average of monthly cash balances.......................
    1b
    14,966,364
    c
    Fair market value of all other assets (see instructions)................
    1c
    36,241,797
    d
    Total (add lines 1a, b, and c).........................
    1d
    839,279,966
    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
    839,279,966
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    12,589,199
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    826,690,767
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    41,334,538
    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
    41,334,538
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    298,932
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    298,932
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    41,035,606
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    41,035,606
    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
    41,035,606
    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
    35,780,220
    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
    35,780,220
    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
    35,780,220
    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 41,035,606
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 10,961,144
    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$ 35,780,220
    a Applied to 2019, but not more than line 2a 10,961,144
    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..... 24,819,076
    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 ..........     		16,216,530
    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
    4E KENNELS HEALING HEARTS
    PO BOX 6680
    PAHRUMP,NV89048     		NONE PUBLIC CHARITY PROGRAM SUPPORT 141,000
    A SOURCE OF JOY THEATRICALS
    3565 LAS VEGAS BLVD SOUTH STE 220
    LAS VEGAS,NV89109     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    ABUSED ADULT RESOURCE CENTER
    218 W BROADWAY AVE
    BISMARCK,ND58502     		NONE PUBLIC CHARITY PROGRAM SUPPORT 80,000
    ACCESS TO HEALTHCARE
    4001 S VIRGINIA STREET SUITE F
    RENO,NV89502     		NONE PUBLIC CHARITY PROGRAM SUPPORT 74,000
    ADAPTIVE YOUTH SLED HOCKEY CLUB
    1550 PAVILION CENTER DR
    LAS VEGAS,NV89135     		NONE PUBLIC CHARITY PROGRAM SUPPORT 122,000
    ALBION SC LAS VEGAS
    1100 GRIER DRIVE
    LAS VEGAS,NV89119     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    ALTRU HEALTH FOUNDATION
    PO BOX 6002
    GRAND FORKS,ND58206     		NONE PUBLIC CHARITY PROGRAM SUPPORT 15,998
    AMERICAN RED CROSS
    2782 FERNWOOD RD
    BILOXI,MS39531     		NONE PUBLIC CHARITY PROGRAM SUPPORT 7,500
    AMERICAN WILD HORSE CAMPAIGN
    BOX 1733
    DAVIS,CA95617     		NONE PUBLIC CHARITY PROGRAM SUPPORT 18,060
    ANIMAL FOUNDATION
    655 N MOJAVE RD
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 600,000
    ARMENIAN GENERAL BENEVOLENT UNION
    55 EAST 59TH STREET
    NEW YORK,NY10022     		NONE PUBLIC CHARITY PROGRAM SUPPORT 7,500
    ASSISTANCE LEAGUE OF LAS VEGAS
    6646 W CHARLESTON BLVD
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 150,000
    AYDEN'S ARMY OF ANGELS
    3375 S RAINBOW BLVD 81710
    LAS VEGAS,NV89180     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    BACK BAY MISSION
    PO BOX 288
    BILOXI,MS39533     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    BACOTMCCARTY FOUNDATION
    PO BOX 1442
    PASCAGOULA,MS39568     		NONE PUBLIC CHARITY PROGRAM SUPPORT 300,000
    BEMIDJI COMMUNITY THEATER
    316 BELTRAMI AVE NW
    BEMIDJI,MN56601     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    BILOXI EXCEL BY 5
    140 ST JOHN AVENUE
    BILOXI,MS39530     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    BILOXI FIRST
    PO BOX 982
    BILOXI,MS39533     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    BISHOP GORMAN HIGH SCHOOL
    1801 S MARYLAND PKWY
    LAS VEGAS,NV89104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 215,600
    BLIND CENTER OF NEVADA
    1001 N BRUCE STREET
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,375,000
    BOYS AND GIRLS CLUB OF SOUTHERN NEVADA
    2850 LINDELL RD
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000,000
    BOYS AND GIRLS CLUB OF THE GULF COAST
    11975-A160 SEAWAY RD
    GULFPORT,MS39503     		NONE PUBLIC CHARITY PROGRAM SUPPORT 45,000
    CANDLELIGHTERS FOR CHILDHOOD CANCER
    601 S RANCHO DRIVE SUITE B-11
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 283,000
    CARE COMPLEX
    200 FOREMASTER LN
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 60,000
    CASA OF HARRISON COUNTY
    47 MAPLES DRIVE
    GULFPORT,MS39507     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    CHI ST JOSEPH'S HEALTH
    600 PLEASANT AVE S
    PARK RAPIDS,MN56470     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    CHILDREN'S MUSEUM OF MINOT INC
    PO BOX 751
    MINOT,ND58702     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    CLAREMONT GRADUATE UNIVERSITY
    150 E 10TH ST
    CLAREMONT,CA91711     		NONE PUBLIC CHARITY PROGRAM SUPPORT 150,000
    CLARK COUNTY SCHOOL DISTRICT
    5100 WEST SAHARA AVE
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    CLEVELAND CLINIC
    888 WEST BONNEVILLE AVE
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    COASTAL MISSISSIPPI TOURISM FOUNDATION
    PO BOX 8005
    BILOXI,MS39535     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    COMMUNITIES IN SCHOOLS OF SOUTHERN NEVADA
    3720 HOWARD HUGHES PARKWAY
    LAS VEGAS,NV89169     		NONE PUBLIC CHARITY PROGRAM SUPPORT 634,000
    COMMUNITY VIOLENCE INTERVENTION CENTER
    211 S FOURTH ST
    GRAND FORKS,ND58201     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    CONQUER PARALYSIS NOW
    701 E BRIDGER AVENUE SUITE 150
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 48,000
    COUNCIL FOR A BETTER NEVADA
    9212 TESORAS DR UNIT 402
    LAS VEGAS,NV89144     		NONE PUBLIC CHARITY PROGRAM SUPPORT 400,000
    CRISTO REY ST VIATOR COLLEGE PREPARATORY
    2880 N VAN DER MEER ST
    NORTH LAS VEGAS,NV89030     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    CROHN'S & COLITIS FOUNDATION OF AMERICA
    733 THIRD AVENUE SUITE 510
    NEW YORK,NY10017     		NONE PUBLIC CHARITY PROGRAM SUPPORT 25,000
    EDWARD KLINE MEMORIAL HOMELESS VETERANS FUND INC
    1930 VILLAGE CENTER CIRCLE 3-355
    LAS VEGAS,NV89134     		NONE PUBLIC CHARITY PROGRAM SUPPORT 48,800
    EMERALD COAST FOUNDATION
    PO BOX 1208
    FORT WALTON,FL32549     		NONE PUBLIC CHARITY PROGRAM SUPPORT 15,000
    FEED MY SHEEP
    PO BOX 6883
    GULFPORT,MS39506     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    FEEDING THE GULF COAST
    1501 34TH STREET
    GULFPORT,MS39501     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    FOLDED FLAG FOUNDATION
    400 SOUTH RAMPART BLVD STE 400
    LAS VEGAS,NV89145     		NONE PUBLIC CHARITY PROGRAM SUPPORT 125,000
    FORWARD FOUNDATION
    1202 28TH ST S
    FARGO,ND58106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    FOSTER KINSHIP
    4344 W CHEYENNE AVE
    NORTH LAS VEGAS,NV89032     		NONE PUBLIC CHARITY PROGRAM SUPPORT 15,000
    FRIENDS OF GREEN CHIMNEYS
    400 DOANSBURG ROAD
    BREWSTER,NY10509     		NONE PUBLIC CHARITY PROGRAM SUPPORT 300,000
    FUTURE SMILES
    3074 ARVILLE STREET
    LAS VEGAS,NV89102     		NONE PUBLIC CHARITY PROGRAM SUPPORT 400,000
    GRAND FORKS PARKS AND RECREATION FOUNDATION
    1060 47TH AVE S
    GRAND FORKS,ND58201     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    GRANT A GIFT AUTISM FOUNDATION
    630 S RANCHO DRIVE SUITE D
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    GREATER HORIZONS
    1055 BROADWAY BLVD SUITE 130
    KANSAS CITY,MO64105     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000,000
    GULF COAST BUSINESS COUNCIL
    11975-D SEAWAY RD
    GULFPORT,MS39503     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    GULF COAST CENTER FOR NONVIOLENCE
    P O BOX 333
    BILOXI,MS39533     		NONE PUBLIC CHARITY PROGRAM SUPPORT 40,000
    GULF COAST SENIOR PROM
    850 BAYVIEW AVE
    BILOXI,MS39530     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    GULF COAST SYMPHONY ORCHESTRA
    PO BOX 542
    BILOXI,MS39505     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    HABITAT FOR HUMANITY OF MS GULF COAST
    2214 34TH ST
    GULFPORT,MS39501     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    HIGH ROLLERS ADAPTIVE SPORTS FOUNDATION
    2300 BAY HILL DR
    LAS VEGAS,NV89117     		NONE PUBLIC CHARITY PROGRAM SUPPORT 35,000
    HOPE INC
    810 4TH AVENUE S STE 140
    MOORHEAD,MN56560     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    HUMANE SOCIETY OF SOUTHERN MISSISSIPPI
    2615 HWY 49
    GULFPORT,MS39501     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    HUNTSMAN CANCER FOUNDATION
    500 HUNTSMAN WAY
    SALT LAKE CITY,UT84108     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    JDRF
    26 BROADWAY 14TH FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    LAS VEGAS JAYCEES SENIOR CITIZENS MOBILE HOMES
    5805 W HARMON AVE
    LAS VEGAS,NV89103     		NONE PUBLIC CHARITY PROGRAM SUPPORT 35,000
    LAS VEGAS ROTARY FOUNDATION
    PO BOX 15152
    LAS VEGAS,NV89114     		NONE PUBLIC CHARITY PROGRAM SUPPORT 18,500
    LOAVES AND FISHES
    260 MAIN ST
    BILOXI,MS39533     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    LYNN MEADOWS DISCOVERY CENTER
    246 DOLAN AVENUE
    GULFPORT,MS39507     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    MAKE A WISH FOUNDATION
    PO BOX 97104
    WASHINGTON,DC200907104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    MENTAL HEALTH ASSOCIATION
    2628 EXECUTIVE PLACE
    BILOXI,MS39531     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    MINOT FAMILY YMCA
    3515 16TH ST SW
    MINOT,ND58701     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    MISSISSIPPI AQUARIUM FOUNDATION
    PO BOX 1100
    GULFPORT,MS39502     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    MISSISSIPPI CENTERS FOR AUTISM AND RELATED DEV DISABILITIES
    1535 WESTERN AVE
    ALBANY,NY12203     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    MISSISSIPPI GULF COAST CHAMBER OF COMMERCE
    11975 SEAWAY ROAD SUITE B120
    GULFPORT,MS39503     		NONE PUBLIC CHARITY PROGRAM SUPPORT 30,000
    MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION
    51 MAIN STREET PO BOX 99
    PERKINSTON,MS39573     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,000
    MISSISSIPPI GULF COAST YMCA
    12661 VILLAGE AVE W
    BILOXI,MS39532     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    NAACP
    4805 MT HOPE DRIVE
    BALTIMORE,ND21215     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    NATHAN ADELSON HOSPICE FOUNDATION
    4131 SWENSON ST
    LAS VEGAS,NV89119     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC
    3030 OLYMPIC BOULEVARD
    SANTA MONICA,CA90404     		NONE PUBLIC CHARITY PROGRAM SUPPORT 25,000
    NEVADA CHAPTER OF THE NATIONAL HEMOPHILIA FOUNDATION
    7473 W LAKE MEAD BLVD SUITE 100
    LAS VEGAS,NV89128     		NONE PUBLIC CHARITY PROGRAM SUPPORT 16,000
    NEVADA CHILD SEEKERS
    3230 EAST CHARLESTON BLVD STE 117
    118
    LAS VEGAS,NV89104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 165,000
    NEVADA CHILDHOOD CANCER FOUNDATION
    6070 SOUTH EASTERN AVE H200
    LAS VEGAS,NV89119     		NONE PUBLIC CHARITY PROGRAM SUPPORT 300,000
    NEVADA COMMUNITY FOUNDATION
    1635 VILLAGE CENTER CIR STE 160
    LAS VEGAS,NV89134     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    NEVADA HEALTH CENTERS
    1799 MOUNT MARIAH DR 2ND FLOOR
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 150,000
    NEVADA MUSEUM OF ART
    160 W LIBERTY ST
    RENO,NV89501     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    NEVADA SCHOOL OF THE ARTS
    401 S 4TH ST UNIT 125
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    NORTH DAKOTA DENTAL FOUNDATION
    4141 28TH AVE S
    FARGO,ND58104     		NONE PUBLIC CHARITY PROGRAM SUPPORT 30,000
    OHR-O'KEFFE MUSEUM
    1596 GLENN L SWETMAN STREET
    BILOXI,MS39530     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    OLIVE CREST FOUNDATION
    6148 W SAHARA
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 182,000
    OPPORTUNITY 180
    1980 FESTIVAL PLAZA DR STE 300
    LAS VEGAS,NV89135     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,150,000
    OPPORTUNITY VILLAGE
    6300 W OAKEY BLVD
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000,000
    POSITIVELY ARTS
    4455 W SUNSET RD
    LAS VEGAS,NV89118     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    PROFESSIONAL FIRE FIGHTERS OF NEVADA
    2275 CORPORATE CIR 275
    HENDERSON,NV89074     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    RAPISCAN SYSTEMS CLASSIC
    917 HOWARD AVENUE
    BILOXI,MS39530     		NONE PUBLIC CHARITY PROGRAM SUPPORT 125,000
    REBUILDING TOGETHER SOUTHERN NEVADA
    611 SOUTH NINTH STREET
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 50,000
    RED RIVER VALLEY ATHLETICS
    1602 32ND AVE S
    GRAND FORKS,ND58201     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    RED RIVER VALLEY HABITAT FOR HUMANITY
    PO BOX 5415
    GRAND FORKS,ND58206     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    RED ROCK SEARCH AND RESCUE
    340 VILLA MONTEREY DRIVE
    LAS VEGAS,NV89145     		NONE PUBLIC CHARITY PROGRAM SUPPORT 119,000
    ROMAN CATHOLIC DIOCESE OF LAS VEGAS
    PO BOX 18316
    LAS VEGAS,NV89114     		NONE PUBLIC CHARITY PROGRAM SUPPORT 5,000
    RONALD MCDONALD HOUSE CHARITIES
    2323 POTOSI STREET
    LAS VEGAS,NV89146     		NONE PUBLIC CHARITY PROGRAM SUPPORT 250,000
    ROSEMAN UNIVERSITY OF HEALTH SCIENCES
    11 SUNSET WAY
    HENDERSON,NV89014     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500,000
    SALVATION ARMY
    2900 PALOMINO LANE
    LAS VEGAS,NV89126     		NONE PUBLIC CHARITY PROGRAM SUPPORT 201,000
    SANTA CLAUS GIRLS
    1726 S WASHINGTON ST 81
    GRAND FORKS,ND58201     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,000
    SEASHORE MISSION
    856 DIVISION ST
    BILOXI,MS39530     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000
    SECOND LINERS MARDI GRAS CLUB
    1 GOLFING GREEN DR SUITE 1104
    OCEAN SPRINGS,MS39564     		NONE PUBLIC CHARITY PROGRAM SUPPORT 20,000
    SOJOURNER PROJECT
    PO BOX 272
    HOPKINS,MN55343     		NONE PUBLIC CHARITY PROGRAM SUPPORT 15,000
    SPREAD THE WORD NEVADA
    260 E DESERT ROSE DRIVE
    HENDERSON,NV89015     		NONE PUBLIC CHARITY PROGRAM SUPPORT 36,800
    ST ANNE'S GUEST HOUSE
    524 N 17TH ST
    GRAND FORKS,ND58203     		NONE PUBLIC CHARITY PROGRAM SUPPORT 30,000
    ST JOSEPH HUSBAND OF MARY CATHOLIC CHURCH
    7260 W SAHARA AVE
    LAS VEGAS,NV89117     		NONE PUBLIC CHARITY PROGRAM SUPPORT 10,400
    ST JOSEPH'S SOCIAL CARE AND THRIFT STORE
    620 8TH AVE S
    GRAND FORKS,ND58201     		NONE PUBLIC CHARITY PROGRAM SUPPORT 125,000
    ST MICHAEL'S CATHOLIC SCHOOL
    504 N 5TH AVENUE
    GRAND FORKS,ND58203     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    ST ROSE DOMINICAN HEALTH FOUNDATION
    3001 ST ROSE PARKWAY
    HENDERSON,NV89052     		NONE PUBLIC CHARITY PROGRAM SUPPORT 4,000,000
    ST VINCENT DE PAUL COMMUNITY PHARMACY
    715-B DIVISION STREET PO BOX 1228
    BILOXI,MS39533     		NONE PUBLIC CHARITY PROGRAM SUPPORT 15,000
    TEACH FOR AMERICA LAS VEGAS
    701 BRIDGER AVE STE 750
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000,000
    THE CARING PLACE
    4425 SOUTH JONES BLVD SUITE 1
    LAS VEGAS,NV89103     		NONE PUBLIC CHARITY PROGRAM SUPPORT 300,000
    THE CENTER
    401 S MARYLAND PKWY
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 195,000
    THE NEVADA INDEPENDENT
    7455 ARROYO CROSSING PKWY SUITE 220
    LAS VEGAS,NV89113     		NONE PUBLIC CHARITY PROGRAM SUPPORT 150,000
    THE SIMON KEITH FOUNDATION
    9393 SHELBY GENE CT
    LAS VEGAS,NV89139     		NONE PUBLIC CHARITY PROGRAM SUPPORT 250,000
    THE SMITH CENTER FOR THE PERFORMING ARTS
    361 SYMPHONY PARK AVENUE
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500,000
    THEODORE ROOSEVELT MEDORA FOUNDATION
    PO BOX 198
    MEDORA,ND58645     		NONE PUBLIC CHARITY PROGRAM SUPPORT 1,000,000
    TYLER ROBINSON FOUNDATION
    823 SOUTH LAS VEGAS BLVD SUITE 220
    LAS VEGAS,NV89101     		NONE PUBLIC CHARITY PROGRAM SUPPORT 200,000
    UND ALUMNI ASSOCIATION FOUNDATION
    3501 UNIVERSITY AVE STOP 8157
    GRAND FORKS,ND58202     		NONE PUBLIC CHARITY PROGRAM SUPPORT 24,584
    UND FOUNDATION
    3501 UNIVERSITY AVE STOP 8157
    GRAND FORKS,ND58202     		NONE PUBLIC CHARITY PROGRAM SUPPORT 41,000
    UNITED SERVICE ORGANIZATIONS INC
    PO BOX 96860
    WASHINGTON,DC20077     		NONE PUBLIC CHARITY PROGRAM SUPPORT 100,000
    UNITED WAY OF SOUTH MISSISSIPPI
    11975 SEAWAY ROAD SUITE B170
    GULFPORT,MS39503     		NONE PUBLIC CHARITY PROGRAM SUPPORT 30,000
    UNIVERSITY OF SOUTHERN CALIFORNIA
    3551 TROUSDALE PKWY
    LOS ANGELES,CA90089     		NONE PUBLIC CHARITY PROGRAM SUPPORT 368,000
    UNLV FOUNDATION
    4505 S MARYLAND PARKWAY
    LAS VEGAS,NV89154     		NONE PUBLIC CHARITY PROGRAM SUPPORT 774,113
    UNLV REBEL HOCKEY CLUB
    2400 N RANCHO DRIVE
    LAS VEGAS,NV89130     		NONE PUBLIC CHARITY PROGRAM SUPPORT 250,000
    USO GULF COAST
    14035-Q AIRPORT ROAD
    GULFPORT,MS39503     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,500
    VARIOUS - CHARITABLE DEDUCTIONS FROM PASSTHROUGH INVESTMENTS
    VARIOUS
    VARIOUS,NV99999     		NONE PUBLIC CHARITY PROGRAM SUPPORT 2,220
    VOLUNTEERS IN MEDICINE OF SOUTHERN NEVADA
    1240 N MARTIN LUTHER KING BLVD
    LAS VEGAS,NV89106     		NONE PUBLIC CHARITY PROGRAM SUPPORT 300,000
    WESTCARE NEVADA
    1711 WHITNEY MESA DRIVE
    HENDERSON,NV89014     		NONE PUBLIC CHARITY PROGRAM SUPPORT 250,000
    WESTERN STATE COLLEGE OF LAW FBO NI
    16715 VON KARMAN BLVD
    IRVINE,CA92606     		NONE GRANT A SCHOLARSHIP USED FOR STUDY AT AN EDUCATIONAL ORGANIZATION 28,645
    YMCA OF SOUTHERN NEVADA
    4141 MEADOWS LANE
    LAS VEGAS,NV89107     		NONE PUBLIC CHARITY PROGRAM SUPPORT 500,000
    Total .................................bullet 3a 35,780,220
    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 25,971  
    4 Dividends and interest from securities....     14 14,849,178  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 60,896  
    6 Net rental income or (loss) from personal property     16 42,891  
    7 Other investment income.....     01 1,373,536  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 14,265,921  
    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 30,618,393 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    30,618,393
    (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:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 267,743 133,872   0

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

    TY 2020 DepreciationSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SECURITY SYSTEM 2010-06-09 9,383 2,999 SL 15.000000000000 313 0    
    CAMERA/FOB ENTRY 2010-07-20 2,532 791 SL 15.000000000000 84 0    
    COMPUTER NETWORKING 2010-09-01 2,546 1,273 200DB 5.000000000000 0 0    
    COMPUTERS WITH MONITORS 2013-04-09 2,960 1,480 200DB 5.000000000000 0 0    
    FLOORING 2010-05-14 3,861 1,247 SL 15.000000000000 129 0    
    FLOORING 2010-05-20 3,861 1,236 SL 15.000000000000 129 0    
    PHONES FOR OFFICE 2015-02-16 2,050 966 200DB 5.000000000000 59 0    
    XEROX WC5855 COPY MACHINE 2015-06-23 10,697 5,040 200DB 5.000000000000 308 0    
    COMPUTER 2016-07-28 1,621 670 200DB 5.000000000000 93 0    
    FURNITURE 2017-04-21 63,326 17,816 200DB 7.000000000000 3,956 0    
    OFFICE EQUIPMENT 2018-11-16 1,671   200DB 5.000000000000 0 0    
    LAND - OFFICE 2018-11-15 2,564,883   L   0 0    
    BUILDING WIP 2020-12-31 3,059,534   NC 0 % 0 0    
    ARTWORK 2019-06-21 7,422   200DB 7.000000000000 0 0    
    ARTWORK (2) 2020-03-20 23,500   200DB 7.000000000000 23,500 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO INVESTMENTS 108,529,305 136,839,261
    NORTHERN TRUST INVESTMENTS 117,930,829 153,868,564
    FIDELITY INVESTMENTS 34,351,713 38,626,800
    CALLAN INVESTMENTS 453,762,704 501,521,556
    GOLDMAN SACHS INVESTMENTS 1,536,148 1,768,274
    MORGAN STANLEY INVESTMENTS 2,313,284 2,302,039
    CITY NATIONAL BANK 5,001 5,001
    BANK OF AMERICA 2,404,109 2,478,550

    TY 2020 InvestmentsOtherSchedule2
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS IN PASSTHROUGH ENTITIES AT COST 13,196,491 10,250,000

    TY 2020 LandEtcSchedule2
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    SECURITY SYSTEM 9,383 8,004 1,379  
    CAMERA/FOB ENTRY 2,532 2,141 391  
    COMPUTER NETWORKING 2,546 2,546 0  
    COMPUTERS WITH MONITORS 2,960 2,960 0  
    FLOORING 3,861 3,307 554  
    FLOORING 3,861 3,296 565  
    PHONES FOR OFFICE 2,050 2,050 0  
    XEROX WC5855 COPY MACHINE 10,697 10,697 0  
    COMPUTER 1,621 1,574 47  
    FURNITURE 63,326 53,435 9,891  
    OFFICE EQUIPMENT 1,671 1,671 0  
    LAND - OFFICE 2,564,883 0 2,564,883  
    BUILDING WIP 3,059,534 0 3,059,534  
    ARTWORK 7,422 7,422 0  
    ARTWORK (2) 23,500 23,500 0  


    TY 2020 LegalFeesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 130,225 130,225   0


    TY 2020 OtherAssetsSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    OTHER ASSETS 29,618 100,924 100,924


    TY 2020 OtherDecreasesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Amount
    FEDERAL INCOME TAX 620,085
    PASSTHROUGH NONDEDUCTIBLE EXPENSE 55,910
    ROUNDING/OTHER 5


    TY 2020 OtherExpensesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSE 31,491 0   0
    DUES & MEMBERSHIPS 6,787 0   0
    REPAIRS & MAINTENANCE 5,190 0   0
    SECURITY 649 0   0
    UTILITIES 2,204 0   0
    INSURANCE 60,549 0   0
    EMPLOYEE MEALS 492 0   0
    BANK CHARGES 2,633 2,633   0
    OTHER DEDUCTIONS 973 973   0
    INSURANCE 3,736 3,736   0
    OTHER EXPENSES 107,101 107,101   0
    PASSTHOUGH RENTAL INCOME FROM INVESTMENTS 43,422 43,422   0
    INSURANCE 1,498 1,498   0
    OTHER EXPENSES 18,438 18,438   0


    TY 2020 OtherIncomeSchedule2
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS 671,280 671,280 671,280
    PASSTHOUGH NET ROYALTY INCOME FROM INVESTMENTS 23,512 23,512 23,512
    PASSTHOUGH PORTFOLIO INCOME FROM INVESTMENTS -496,874 -496,874 -496,874
    COD INCOME FROM INVESTMENTS IN LLCS 36,344 36,344 36,344
    PASSTHOUGH ORDINARY INCOME FROM INVESTMENTS 1,139,274 1,139,274 1,139,274


    TY 2020 OtherIncreasesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Amount
    NON-DIVIDEND DISTRIBUTIONS 1,156,756
    PASSTHROUGH BOOK/TAX DIFFERENCES 24,644
    OTHER BOOK/TAX TIMING DIFFERENCES 509,858


    TY 2020 OtherLiabilitiesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Description Beginning of Year - Book Value End of Year - Book Value
    LINE OF CREDIT 18,000,000 14,736,226


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 101,750 0   0
    BROKERAGE/ADVISORY FEES 3,532,701 3,532,701   0
    PASSTHROUGH OTHER DEDUCTIONS ON INVESTMENTS 3,873,962 3,873,962   0
    MANAGEMENT FEES 145,248 145,248   0
    MANAGEMENT FEES 39,331 39,331   0
    PROFESSIONAL FEES 7,532 7,532   0


    TY 2020 TaxesSchedule
    Name:
    ENGELSTAD FAMILY FOUNDATION
    EIN:
    80-6008137
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX 64,133 0   0
    FOREIGN TAXES PAID 369,133 369,133   0
    TAXES & LICENSES 10,851 10,131   0
    TAXES 39,970 39,970   0
    TAXES 7,913 7,913   0