Form990-PF
Click to see list of attachments

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
LYNNE & ANDREW REDLEAF FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)3033 EXCELSIOR BLVD NO 343
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55416
A Employer identification number

81-1290745
B Telephone number (see instructions)

(612) 326-5926
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$127,717,345J 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      
4 Dividends and interest from securities... 643,521 930,230  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 285,825
b Gross sales price for all assets on line 6a 15,054,773
7 Capital gain net income (from Part IV, line 2)... 24,764,952
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 52,614 227,396  
12 Total. Add lines 1 through 11........ 981,960 25,922,578  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 21,450 0   21,450
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 902 0   902
b Accounting fees (attach schedule)....... Click to see attachment 20,783 10,392   10,392
c Other professional fees (attach schedule).... Click to see attachment 13,883,110 13,881,185   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 12,320 0   12,320
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,997 66,096   12,997
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,951,562 13,957,673   58,061
25 Contributions, gifts, grants paid....... 22,093,390 7,633,390
26 Total expenses and disbursements. Add lines 24 and 25 36,044,952 13,957,673   7,691,451
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -35,062,992
b Net investment income (if negative, enter -0-) 11,964,905
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............. 10,655,113 29,409,770 29,409,770
2 Savings and temporary cash investments......... 137,235 1,602,487 1,602,487
3 Accounts receivable bullet52,614
Less: allowance for doubtful accounts bullet     52,614 52,614
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.......... 3,881 3,881 3,881
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 306,000 Click to see attachment13,381,918 13,381,918
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment24,455,797 24,455,797
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 121,607,463 Click to see attachment58,810,878 58,810,878
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) 132,709,692 127,717,345 127,717,345
Liabilities 17 Accounts payable and accrued expenses..........   1,925
18 Grants payable................. 11,926,575 26,386,575
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)......... 11,926,575 26,388,500
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........... 120,783,117 101,328,845
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)..... 120,783,117 101,328,845
30 Total liabilities and net assets/fund balances (see instructions). 132,709,692 127,717,345
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
120,783,117
2
Enter amount from Part I, line 27a .....................
2
-35,062,992
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
15,608,720
4
Add lines 1, 2, and 3 ..........................
4
101,328,845
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
101,328,845
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 REALIZED GAINS ON SECURITIES      
b REALIZED GAIN ON WB RELATIVE VALUE FUND LTD. P 2017-01-01 2020-12-31
c REALIZED GAIN ON BLUE CLAY CAPITAL FUND LTD. P 2017-01-01 2020-12-31
d DISTRIBUTION IN EXCESS OF BASIS - SABA P    
e CAPITAL GAINS - K-1'S 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 15,054,773   14,768,948 285,825
b 63,170,175   43,574,930 19,595,245
c 4,740,301   2,797,227 1,943,074
d 2,096,629     2,096,629
e 844,179     844,179
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       285,825
b       19,595,245
c       1,943,074
d       2,096,629
e       844,179
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 24,764,952
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................................ 1 166,312
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........................... 3 166,312
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- ..... 5 166,312
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 50,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 250,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 300,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 133,688
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet133,688 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 ofbulletCLIFTONLARSONALLEN LLP Telephone no.bullet (612) 376-4500

    Located atbullet220 S SIXTH ST STE 300MINNEAPOLISMN ZIP+4bullet55402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
    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
     
     
    .........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
    ANDREW REDLEAF CHAIRMAN
    1.00     		0 0 0
    3033 EXCELSIOR BLVD SUITE 343
    MINNEAPOLIS,MN55416
    LYNNE SINGER REDLEAF PRESIDENT
    15.00     		0 0 0
    3033 EXCELSIOR BLVD SUITE 343
    MINNEAPOLIS,MN55416
    AMY ROSENBLATT-LUI EXECUTIVE DIRECTOR
    5.00     		21,450 0 0
    3033 EXCELSIOR BLVD SUITE 343
    MINNEAPOLIS,MN55416
    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
    SS&C GLOBEOP INVESTMENT MANAGEMENT FEES 13,250,638
    7650 EDINBOURGH WAY SUITE 400
    EDINA,MN55435
    WHITEBOX INVESTORS LLC INVESTMENT MANAGEMENT FEES 615,884
    3033 EXCELSIOR BLVD SUITE 300
    MINNEAPOLIS,MN55416
    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
    112,400,414
    b
    Average of monthly cash balances.......................
    1b
    15,295,449
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    127,695,863
    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
    127,695,863
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,915,438
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    125,780,425
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,289,021
    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
    6,289,021
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    166,312
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    166,312
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,122,709
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,122,709
    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
    6,122,709
    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
    7,691,451
    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
    7,691,451
    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
    7,691,451
    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 6,122,709
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 5,053,576
    d From 2018......  
    e From 2019...... 487,284
    fTotal of lines 3a through e........ 5,540,860
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,691,451
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 6,122,709
    e Remaining amount distributed out of corpus 1,568,742
    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 7,109,602
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,109,602
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 5,053,576
    c Excess from 2018....  
    d Excess from 2019.... 487,284
    e Excess from 2020.... 1,568,742
    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).)
    ANDREW REDLEAF
    LYNNE SINGER REDLEAF
    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
    ALIA INNOVATIONS
    1000 UNIVERSITY AVENUE W NO 230
    ST PAUL,MN55104     		NONE PC GENERAL OPERATING 15,000
    AMOS & CELIA HEILICHER MINNEAPOLIS JEWISH DAY SCHOOL
    4330 S CEDAR LAKE ROAD
    MINNEAPOLIS,MN55416     		NONE PC GENERAL OPERATING 455,360
    ANTI DEFAMATION LEAGUE
    605 THIRD AVENUE
    NEW YORK,NY101583650     		NONE PC GENERAL OPERATING 36,000
    APPETITE FOR CHANGE
    1200 WEST BROADWAY AVENUE SUITE 250
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATING 25,000
    AVIVO
    1900 CHICAGO AVENUE SOUTH
    MINNEAPOLIS,MN55404     		NONE PC THE BUILDING OF A HOMELESS AND MENTAL HE 400,000
    CAMPAIGN LEGAL CENTER
    1101 14TH STREET NW SUITE 400
    WASHINGTON,DC20005     		NONE PC GENERAL OPERATING 50,000
    CHILDRENS' HOSPITAL FOUNDATION OF MN
    2525 CHICAGO AVE
    MINNEAPOLIS,MN55404     		NONE PC IN MEMORY OF STAN LEONARD FROM LYNNE & A 1,000
    CONSTELLATION FUND
    323 NORTH WASHINGTON AVENUE 2ND
    FLOOR
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 1,105,000
    EDUCATION FOR EMPLOYEMENT
    501 MADISON AVENUE 18TH FLOOR
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING 100,000
    EVERYTOWN FOR GUN SAFETY SUPPORT FUND
    PO BOX 3886
    NEW YORK,NY10163     		NONE PC GENERAL OPERATING 25,000
    GIFFORDS LAW CENTER
    268 BUSH ST NUMBER 555
    SAN FRANCISCO,CA94104     		NONE PC GENERAL OPERATING 25,000
    GIVEMN
    101 5TH STREET EAST SUITE 2400
    ST PAUL,MN55101     		NONE PC GENERAL OPERATING 10,000
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 4TH AVENUE SOUTH
    MINNEAPOLIS,MN55419     		NONE PC GENERAL OPERATING 10,000
    HENNEPIN HEALTH FOUNDATION
    701 PARK AVENUE
    MINNEAPOLIS,MN55415     		NONE PC TO CREATE THE REDLEAF CENTER FOR HEALING 755,000
    JEWISH COMMUNITY CENTER OF THE GREATER ST PAUL AREA
    1375 STPAUL AVENUE
    ST PAUL,MN55116     		NONE PC CAPITAL CAMPAIGN 20,000
    JEWISH COMMUNITY RELATIONS COUNCIL MINNESOTA AND THE DAKOTAS
    12 N 12TH ST SUITE 480
    MINNEAPOLIS,MN55403     		NONE PC IN MEMORY OF BARBARA LUI 1,000
    JEWISH FAMILY AND CHILDREN'S SERVICE FOR MINNEAPOLIS
    13100 WAYZATA BOULEVARD SUITE 400
    MINNETONKA,MN55305     		NONE PC GENERAL OPERATING, GALA SPONSORSHIP, NEXT CENTURY PROGRAM INNOVATION FUND 310,000
    KWST BEHAVIORAL DEVELOPMENT GROUP
    333 WASHINGTON AVE N SUITE 323
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 20,000
    LIFEWORKS SERVICES
    2965 LONE OAK DRIVE SUITE 160
    EAGAN,MN55121     		NONE PC GENERAL OPERATING 15,000
    LIPOPROTEIN (A) CENTER AND RESEARCH INSTITUEE - LP(A)CARE INSTITUE
    5 WEBSTER PLACE
    HOPKINS,MN55305     		NONE PC GENERAL OPERATING 5,000
    MINNESOTA HILLEL
    1521 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		NONE PC CAPITAL CAMPAIGN 25,000
    MINNPOST
    635 S 9TH ST STE 220
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 15,000
    MISSION ANIMAL HOSPITAL
    10100 VIKING DRIVE SUITE 150
    EDEN PRAIRIE,MN55344     		NONE PC GENERAL CAMPAIGN 15,000
    PROOF ALLIANCE
    2233 UNIVERSITY AVENUE W SUITE 395
    ST PAUL,MN55114     		NONE PC GALA SPONSORSHIP & GENERAL OPERATING 10,000
    SABES JEWISH COMMUNITY CENTER
    4330 S CEDAR LAKE ROAD
    MINNEAPOLIS,ME55416     		NONE PC INCLUSION PLEDGE 10,000
    SHIR TIKVAH CONGREGATION
    3900 NORTHFIELD PKWY
    TROY,MN48084     		NONE PC GENERAL OPERATING 1,800
    SHOLOM FOUNDATION
    3610 PHILLIPS PKWY
    MINNEAPOLIS,MN55426     		NONE PC EMERGENCY RESPONSE - COVID 19 10,000
    SOJOURNER PROJECT
    PO BOX 50447
    AUSTIN,TX78763     		NONE PC GENERAL OPERATING 10,000
    SOUTHSIDE FAMILY NURTURING CENTER
    2448 18TH AVE S
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 200,000
    START READING NOW
    5337 OLIVER AVE S
    MINNEAPOLIS,MN55419     		NONE PC GENERAL OPERATING 25,000
    TEAM 8
    488 MADISON AVENUE 11TH FLOOR
    NEW YORK,NY10022     		NONE PC MEMORIAM 250
    TEMPLE ISRAEL MINNEAPOLIS
    2324 EMERSON AVENUE SOUTH
    MINNEAPOLIS,MN55405     		NONE PC IN MEMORY OF DR. ROBERT KETROSER 1,180
    THE ADVOCATES FOR HUMAN RIGHTS
    330 2ND AVE S STE 800
    MINNEAPOLIS,MN55401     		NONE PC SUPPORT FOR THE ACT NOW! CAMPAIGN FOR HU 25,000
    THE FAMILY PARTNERSHIP
    414 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 100,000
    THE FOOD GROUP
    8501 54TH AVE N
    NEW HOPE,MN55428     		NONE PC GENERAL OPERATING 10,000
    THE YAYA FOUNDATION FOR 4H LEUKODYSTROPHY
    PO BOX 80685
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATING 5,000
    TWIN CITIES RISE
    1301 BRYANT AVE N
    MINNEAPOLIS,MN55411     		NONE PC GALA SPONSORSHIP 10,000
    UNIVERSITY OF MINNESOTA COLLEGE OF EDUCATION AND HUMAN DEVELOPMENT
    178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC IN HONOR OF THE RETIREMENT OF DEAN JEAN 1,800
    UNIVERSITY OF MINNESOTA FOUNDATION
    178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC BUILDING FUNDS 3,100,000
    WASHBURN CENTER FOR CHILDREN
    1100 GLENWOOD AVE
    MINNEAPOLIS,MN55405     		NONE PC GENERAL OPERATING AND REACH HIGHER CAMPAIGN 275,000
    YALE UNIVERSITY
    PO BOX 208241
    NEW HAVEN,CT06520     		NONE PC GENERAL OPERATING 400,000
    Total .................................bullet 3a 7,633,390
    bApproved for future payment
    CONSTELLATION FUND
    323 NORTH WASHINGTON AVENUE 2ND
    FLOOR
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 2,000,000
    THE ADVOCATES FOR HUMAN RIGHTS
    330 2ND AVE S STE 800
    MINNEAPOLIS,MN55401     		NONE PC SUPPORT FOR THE ACT NOW! CAMPAIGN FOR HU 50,000
    THE FAMILY PARTNERSHIP
    414 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 200,000
    THE YAYA FOUNDATION FOR 4H LEUKODYSTROPHY
    PO BOX 80685
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATING 100,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC BUILDING FUNDS 12,500,000
    Total .................................bullet 3b 14,850,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 643,521  
    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 ............     		    18 285,825  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEXCISE TAX REFUND     		    01 52,614  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 981,960 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    981,960
    (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

    Form 990PF Part XV Line 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
    ALIA INNOVATIONS1000 UNIVERSITY AVENUE W NO 230
    ST PAUL,MN55104     		NONE PC GENERAL OPERATING 15,000
    AMOS & CELIA HEILICHER MINNEAPOLIS JEWISH DAY SCHOOL4330 S CEDAR LAKE ROAD
    MINNEAPOLIS,MN55416     		NONE PC GENERAL OPERATING 455,360
    ANTI DEFAMATION LEAGUE605 THIRD AVENUE
    NEW YORK,NY101583650     		NONE PC GENERAL OPERATING 36,000
    APPETITE FOR CHANGE1200 WEST BROADWAY AVENUE SUITE 250
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATING 25,000
    AVIVO1900 CHICAGO AVENUE SOUTH
    MINNEAPOLIS,MN55404     		NONE PC THE BUILDING OF A HOMELESS AND MENTAL HE 400,000
    CAMPAIGN LEGAL CENTER1101 14TH STREET NW SUITE 400
    WASHINGTON,DC20005     		NONE PC GENERAL OPERATING 50,000
    CHILDRENS' HOSPITAL FOUNDATION OF MN2525 CHICAGO AVE
    MINNEAPOLIS,MN55404     		NONE PC IN MEMORY OF STAN LEONARD FROM LYNNE & A 1,000
    CONSTELLATION FUND323 NORTH WASHINGTON AVENUE 2ND
    FLOOR
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 1,105,000
    EDUCATION FOR EMPLOYEMENT501 MADISON AVENUE 18TH FLOOR
    NEW YORK,NY10022     		NONE PC GENERAL OPERATING 100,000
    EVERYTOWN FOR GUN SAFETY SUPPORT FUNDPO BOX 3886
    NEW YORK,NY10163     		NONE PC GENERAL OPERATING 25,000
    GIFFORDS LAW CENTER268 BUSH ST NUMBER 555
    SAN FRANCISCO,CA94104     		NONE PC GENERAL OPERATING 25,000
    GIVEMN101 5TH STREET EAST SUITE 2400
    ST PAUL,MN55101     		NONE PC GENERAL OPERATING 10,000
    GREATER MINNEAPOLIS CRISIS NURSERY4544 4TH AVENUE SOUTH
    MINNEAPOLIS,MN55419     		NONE PC GENERAL OPERATING 10,000
    HENNEPIN HEALTH FOUNDATION701 PARK AVENUE
    MINNEAPOLIS,MN55415     		NONE PC TO CREATE THE REDLEAF CENTER FOR HEALING 755,000
    JEWISH COMMUNITY CENTER OF THE GREATER ST PAUL AREA1375 STPAUL AVENUE
    ST PAUL,MN55116     		NONE PC CAPITAL CAMPAIGN 20,000
    JEWISH COMMUNITY RELATIONS COUNCIL MINNESOTA AND THE DAKOTAS12 N 12TH ST SUITE 480
    MINNEAPOLIS,MN55403     		NONE PC IN MEMORY OF BARBARA LUI 1,000
    JEWISH FAMILY AND CHILDREN'S SERVICE FOR MINNEAPOLIS13100 WAYZATA BOULEVARD SUITE 400
    MINNETONKA,MN55305     		NONE PC GENERAL OPERATING, GALA SPONSORSHIP, NEXT CENTURY PROGRAM INNOVATION FUND 310,000
    KWST BEHAVIORAL DEVELOPMENT GROUP333 WASHINGTON AVE N SUITE 323
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 20,000
    LIFEWORKS SERVICES2965 LONE OAK DRIVE SUITE 160
    EAGAN,MN55121     		NONE PC GENERAL OPERATING 15,000
    LIPOPROTEIN (A) CENTER AND RESEARCH INSTITUEE - LP(A)CARE INSTITUE5 WEBSTER PLACE
    HOPKINS,MN55305     		NONE PC GENERAL OPERATING 5,000
    MINNESOTA HILLEL1521 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		NONE PC CAPITAL CAMPAIGN 25,000
    MINNPOST635 S 9TH ST STE 220
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 15,000
    MISSION ANIMAL HOSPITAL10100 VIKING DRIVE SUITE 150
    EDEN PRAIRIE,MN55344     		NONE PC GENERAL CAMPAIGN 15,000
    PROOF ALLIANCE2233 UNIVERSITY AVENUE W SUITE 395
    ST PAUL,MN55114     		NONE PC GALA SPONSORSHIP & GENERAL OPERATING 10,000
    SABES JEWISH COMMUNITY CENTER4330 S CEDAR LAKE ROAD
    MINNEAPOLIS,ME55416     		NONE PC INCLUSION PLEDGE 10,000
    SHIR TIKVAH CONGREGATION3900 NORTHFIELD PKWY
    TROY,MN48084     		NONE PC GENERAL OPERATING 1,800
    SHOLOM FOUNDATION3610 PHILLIPS PKWY
    MINNEAPOLIS,MN55426     		NONE PC EMERGENCY RESPONSE - COVID 19 10,000
    SOJOURNER PROJECTPO BOX 50447
    AUSTIN,TX78763     		NONE PC GENERAL OPERATING 10,000
    SOUTHSIDE FAMILY NURTURING CENTER2448 18TH AVE S
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 200,000
    START READING NOW5337 OLIVER AVE S
    MINNEAPOLIS,MN55419     		NONE PC GENERAL OPERATING 25,000
    TEAM 8488 MADISON AVENUE 11TH FLOOR
    NEW YORK,NY10022     		NONE PC MEMORIAM 250
    TEMPLE ISRAEL MINNEAPOLIS2324 EMERSON AVENUE SOUTH
    MINNEAPOLIS,MN55405     		NONE PC IN MEMORY OF DR. ROBERT KETROSER 1,180
    THE ADVOCATES FOR HUMAN RIGHTS330 2ND AVE S STE 800
    MINNEAPOLIS,MN55401     		NONE PC SUPPORT FOR THE ACT NOW! CAMPAIGN FOR HU 25,000
    THE FAMILY PARTNERSHIP414 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 100,000
    THE FOOD GROUP8501 54TH AVE N
    NEW HOPE,MN55428     		NONE PC GENERAL OPERATING 10,000
    THE YAYA FOUNDATION FOR 4H LEUKODYSTROPHYPO BOX 80685
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATING 5,000
    TWIN CITIES RISE1301 BRYANT AVE N
    MINNEAPOLIS,MN55411     		NONE PC GALA SPONSORSHIP 10,000
    UNIVERSITY OF MINNESOTA COLLEGE OF EDUCATION AND HUMAN DEVELOPMENT178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC IN HONOR OF THE RETIREMENT OF DEAN JEAN 1,800
    UNIVERSITY OF MINNESOTA FOUNDATION178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC BUILDING FUNDS 3,100,000
    WASHBURN CENTER FOR CHILDREN1100 GLENWOOD AVE
    MINNEAPOLIS,MN55405     		NONE PC GENERAL OPERATING AND REACH HIGHER CAMPAIGN 275,000
    YALE UNIVERSITYPO BOX 208241
    NEW HAVEN,CT06520     		NONE PC GENERAL OPERATING 400,000
    Total ...............................bullet 3a 7,633,390
    bApproved for future payment
    CONSTELLATION FUND323 NORTH WASHINGTON AVENUE 2ND
    FLOOR
    MINNEAPOLIS,MN55401     		NONE PC GENERAL OPERATING 2,000,000
    THE ADVOCATES FOR HUMAN RIGHTS330 2ND AVE S STE 800
    MINNEAPOLIS,MN55401     		NONE PC SUPPORT FOR THE ACT NOW! CAMPAIGN FOR HU 50,000
    THE FAMILY PARTNERSHIP414 SOUTH EIGHTH STREET
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATING 200,000
    THE YAYA FOUNDATION FOR 4H LEUKODYSTROPHYPO BOX 80685
    MINNEAPOLIS,MN55408     		NONE PC GENERAL OPERATING 100,000
    UNIVERSITY OF MINNESOTA FOUNDATION178 PILLSBURY DR SE
    MINNEAPOLIS,MN55455     		NONE PC BUILDING FUNDS 12,500,000
    Total ................................bullet 3b 14,850,000

    TY 2020 AccountingFeesSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING SERVICE FEES 20,783 10,392   10,392

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AIR T FUNDING ALPHA 4,199,818 4,199,818
    GS SHORT DURATION INCOME FUND 10,841,471 10,841,471
    PRUDENTIAL FINANCIAL, INC. HYBRID 06/15/2043 80,861 80,861
    NATIONAL RURAL UTILITIES COOPE HYBRID 04/20/2046 16,774 16,774
    CMS ENERGY CORPORATION HYBRID 06/01/2050 107,397 107,397
    PARTNERRE FINANCE B LLC HYBRID 10/01/2050 53,001 53,001
    CMS ENERGY CORPORATION HYBRID 12/01/2050 20,509 20,509
    SOUTHERN COMPANY (THE) HYBRID 01/15/2051 48,193 48,193
    VOYA FINANCIAL, INC. HYBRID 05/15/2053 32,017 32,017
    BNSF FUNDING TRUST I HYBRID 12/15/2055 41,011 41,011
    TRANSCANADA TRUST HYBRID 08/15/2076 85,290 85,290
    NEXTERA ENERGY CAPITAL HOLDING HYBRID 05/01/2079 41,575 41,575
    BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD S 40,274 40,274
    BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD S 118,693 118,693
    BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD S 63,513 63,513
    BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL SE 62,437 62,437
    BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL US 30,064 30,064
    BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL US 122,758 122,758
    BANK OF NOVA SCOTIA (THE) HYBRID PERPETUAL USD SUB 65,181 65,181
    BP CAPITAL MARKETS P.L.C. HYBRID PERPETUAL USD SUB 50,255 50,255
    CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL SE 26,368 26,368
    CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL US 123,005 123,005
    DUKE ENERGY CORPORATION HYBRID PERPETUAL USD SR LI 21,941 21,941
    JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER FF J 10,729 10,729
    JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER S JR 115,083 115,083
    JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER X JR 83,401 83,401
    JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER Z SU 65,221 65,221
    M&T BANK CORPORATION HYBRID PERPETUAL SER G JRSUB 32,275 32,275
    M&T BANK CORPORATION HYBRID PERPETUAL USD SER F JR 21,896 21,896
    METLIFE, INC. HYBRID PERPETUAL SER G JRSUB LIEN CP 96,018 96,018
    METLIFE, INC. HYBRID PERPETUAL USD SER C SUB LIEN 44,851 44,851
    METLIFE, INC. HYBRID PERPETUAL USD SER D JRSUB LIE 69,768 69,768
    STATE STREET CORPORATION HYBRID PERPETUAL USD SER 49,835 49,835
    THE CHARLES SCHWAB CORP HYBRID PERPETUAL USD JRSUB 32,563 32,563
    THE PNC FINANCIAL SERVICES GRO HYBRID PERPETUAL US 11,008 11,008
    TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL SER 127,945 127,945
    TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 10,722 10,722
    TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 71,769 71,769
    U.S. BANCORP HYBRID PERPETUAL USD SER I JRSUB LIEN 15,317 15,317
    EMERA INCORPORATED HYBRID 06/15/2076 USD SUB LIEN 70,305 70,305
    VODAFONE GROUP PUBLIC LIMITED HYBRID 04/04/2079 US 63,038 63,038
    ENBRIDGE INC. HYBRID 07/15/2080 SER 20-A SUB LIEN 57,673 57,673
    CIT GROUP INC. HYBRID PERPETUAL USD SER A JRSUB LI 40,903 40,903
    CAPITAL ONE FINANCIAL CORPORAT HYBRID PERPETUAL US 49,733 49,733
    CENTERPOINT ENERGY, INC HYBRID PERPETUAL USD SER A 69,415 69,415
    CITIGROUP INC. HYBRID PERPETUAL SER T SUB LIEN CPN 117,057 117,057
    CITIGROUP INC. HYBRID PERPETUAL SER W JRSUB LIEN C 25,715 25,715
    CITIGROUP INC. HYBRID PERPETUAL USD SER P SUB LIEN 82,508 82,508
    CITIGROUP INC. HYBRID PERPETUAL USD SER Q SUB LIEN 30,016 30,016
    CITIGROUP INC. HYBRID PERPETUAL USD SER R JRSUB LI 75,563 75,563
    CITIGROUP INC. HYBRID PERPETUAL USD SER U JRSUB LI 10,545 10,545
    CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL US 39,629 39,629
    CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL US 45,442 45,442
    COMERICA INCORPORATED HYBRID PERPETUAL USD JRSUB L 61,686 61,686
    DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL SER D 57,983 57,983
    DOMINION ENERGY, INC. HYBRID PERPETUAL USD SER B S 52,830 52,830
    EQUITABLE HOLDINGS, INC. HYBRID PERPETUAL USD SER 63,957 63,957
    FIFTH THIRD BANCORP HYBRID PERPETUAL USD SER L JRS 111,668 111,668
    HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL SE 70,440 70,440
    HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL US 70,763 70,763
    KEYCORP HYBRID PERPETUAL USD SER D JRSUB LIEN CPN 21,724 21,724
    MARKEL CORPORATION HYBRID PERPETUAL USD JRSUB LIEN 50,006 50,006
    MORGAN STANLEY HYBRID PERPETUAL SER M JRSUB LIEN C 61,600 61,600
    MORGAN STANLEY HYBRID PERPETUAL USD SER J SUB LIEN 44,940 44,940
    REGIONS FINANCIAL CORPORATION HYBRID PERPETUAL USD 27,914 27,914
    SEMPRA ENERGY HYBRID PERPETUAL USD JRSUB LIEN CPN 64,743 64,743
    VOYA FINANCIAL, INC. HYBRID PERPETUAL USD SER A SR 48,399 48,399
    WACHOVIA CAPITAL TRUST III HYBRID PERPETUAL USD WI 65,982 65,982
    WELLS FARGO & COMPANY HYBRID PERPETUAL USD SER U S 119,318 119,318
    GMAC CAPITAL TRUST I PFD 2.0312(8.12%) SER 2 CL A 67,355 67,355
    AT&T INC. PFD USD1.2500(5.00%) SERIES A NEXT CALL 35,011 35,011
    CITIZENS FINANCIAL GROUP, INC. PFD USD1.2500(5.00% 41,618 41,618
    CITIZENS FINANCIAL GROUP, INC. PFD USD1.5875(6.35% 8,157 8,157
    KEYCORP PFD USD1.5313(6.13%) SERIES E CALLABLE SER 40,510 40,510
    MORGAN STANLEY PFD USD1.4625(5.85%) SERIES K PERPE 24,044 24,044
    MORGAN STANLEY PFD USD1.7812(7.12%) SERIES E HYBRI 34,244 34,244
    REGIONS FINANCIAL CORP PFD USD1.5938(6.38%) SERIES 20,280 20,280
    REGIONS FINANCIAL CORPORATION PFD USD1.4250(5.70%) 12,125 12,125
    SYNCHRONY FINANCIAL PFD USD1.4062(5.62%) SERIES A 13,937 13,937
    THE PNC FINANCIAL SERVICES GRP, INC. PFD 6.1250 FI 12,506 12,506
    TRUIST FINANCIAL CORPORATION PFD USD1.4062(5.62%) 10,552 10,552
    WELLS FARGO & COMPANY PFD 6.6250 CLASS A SERIES R 94,608 94,608
    DELL INTERNATIONAL L.L.C. 5.85% 07/15/2025 USD PVT 67,529 67,529
    NEWFIELD EXPLORATION COMPANY 5.75% 01/30/2022 SR L 26,565 26,565
    NOKIA OYJ 3.375% 06/12/2022 USD SR LIEN 62,113 62,113
    SYMANTEC CORPORATION 3.95% 06/15/2022 USD SR LIEN 25,575 25,575
    DISH DBS CORPORATION 5.875% 07/15/2022 USD SER B S 64,325 64,325
    VIDEOTRON LTEE 5.0% 07/15/2022 USD SER B SR LIEN 64,459 64,459
    SEALED AIR CORPORATION 4.875% 12/01/2022 USD PVT R 26,317 26,317
    CROWN AMER LLC/CAP CORP IV 4.5% 01/15/2023 USD SER 64,553 64,553
    CCO HLDGS LLC/CAP CORP 4.0% 03/01/2023 USD PVT REG 86,665 86,665
    DCP MIDSTREAM OPERATING, LP 3.875% 03/15/2023 USD 52,070 52,070
    FORD MOTOR COMPANY 8.5% 04/21/2023 USD SR LIEN 17,131 17,131
    COMMERCIAL METALS COMPANY 4.875% 05/15/2023 USD SR 37,056 37,056
    KB HOME 7.625% 05/15/2023 USD SR LIEN NEXT CALL DT 11,147 11,147
    BERRY PLASTICS CORP 5.125% 07/15/2023 USD SR LIEN 38,337 38,337
    REYNOLDS GRP ISS/REYNOLD 5.125% 07/15/2023 USD PVT 1,036 1,036
    ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2023 USD 59,968 59,968
    TALLGRASS NRG PRTNR/FIN 4.75% 10/01/2023 PVT REGS 46,637 46,637
    GLP CAPITAL, L.P. 5.375% 11/01/2023 USD SER B SR L 66,086 66,086
    THE GOODYEAR TIRE & RUBBER COM 5.125% 11/15/2023 U 75,585 75,585
    MEDNAX INC 5.25% 12/01/2023 PVT REGS SR LIEN NEXT 50,834 50,834
    LEVEL 3 FINANCING, INC. 5.375% 01/15/2024 USD SER 61,955 61,955
    COLFAX CORPORATION 6.0% 02/15/2024 USD PVT REGS SR 26,473 26,473
    TREEHOUSE FOODS INC 6.0% 02/15/2024 USD PVT REGS S 52,063 52,063
    ACADIA HEALTHCARE COMPANY, INC 6.5% 03/01/2024 USD 15,644 15,644
    CENTURYLINK INC 7.5% 04/01/2024 USD SER Y SR LIEN 74,831 74,831
    PRIME SECSRVC BRW/FINANC 5.25% 04/15/2024 USD PVT 51,105 51,105
    T-MOBILE USA INC 6.0% 04/15/2024 USD SR LIEN NEXT 81,994 81,994
    CSC HOLDINGS, LLC 5.25% 06/01/2024 USD SER B SR LI 65,207 65,207
    VIDEOTRON LTD. 5.375% 06/15/2024 USD PVT REGS SR L 11,047 11,047
    NEXTERA ENERGY OPERATING 4.25% 07/15/2024 USD PVT 49,032 49,032
    SIRIUS XM RADIO INC 4.625% 07/15/2024 USD PVT REGS 102,585 102,585
    TENET HEALTHCARE CORP 4.625% 07/15/2024 USD PVT SR 62,781 62,781
    GRAPHIC PACKAGING INTL 4.125% 08/15/2024 USD SR LI 75,816 75,816
    SBA COMMUNICATIONS CORPORATION 4.875% 09/01/2024 U 62,519 62,519
    W.R. GRACE & CO-CONN. 5.625% 10/01/2024 USD PVT RE 76,486 76,486
    AECOM 5.875% 10/15/2024 USD SER WI SR LIEN NEXT CA 39,469 39,469
    BUCKEYE PARTNERS, L.P. 4.35% 10/15/2024 USD SR LIE 51,584 51,584
    CDK GLOBAL, INC. STEP 10/15/2024 USD SER B SR LIEN 61,012 61,012
    LAMB WESTON HOLDINGS, INC. 4.625% 11/01/2024 USD P 73,515 73,515
    SEALED AIR CORPORATION 5.125% 12/01/2024 USD PVT R 60,177 60,177
    CENTENE CORPORATION 4.75% 01/15/2025 USD SR LIEN N 52,407 52,407
    OWENS-BROCKWAY 5.375% 01/15/2025 USD PVT REGS SR L 65,322 65,322
    HCA INC. 5.375% 02/01/2025 USD SR LIEN 91,754 91,754
    TARGA RESOURCES PARTNERS FINAN 5.125% 02/01/2025 U 52,318 52,318
    HILL-ROM HOLDINGS, INC. 5.0% 02/15/2025 USD PVT RE 31,392 31,392
    NETFLIX, INC. 5.875% 02/15/2025 USD SR LIEN 40,701 40,701
    PTC INC 3.625% 02/15/2025 USD PVT REGS SR LIEN NEX 36,460 36,460
    SPRINT CORP 7.625% 02/15/2025 USD SR LIEN NEXT CAL 104,095 104,095
    VICI PROPERTIES / NOTE 3.5% 02/15/2025 USD PVT REG 77,700 77,700
    CIT GROUP INC. 5.25% 03/07/2025 USD SR LIEN NEXT C 80,593 80,593
    SAFEWAY INC. 5.75% 03/15/2025 USD SER WI SR LIEN N 52,347 52,347
    SPRINGLEAF FINANCE CORP 6.875% 03/15/2025 41,352 41,352
    AMERICAN AXLE & MANUFACTURING, 6.25% 04/01/2025 SE 26,266 26,266
    B&G FOODS INC 5.25% 04/01/2025 USD SR LIEN NEXT CA 26,141 26,141
    VERISIGN, INC. 5.25% 04/01/2025 USD SER B SR LIEN 74,709 74,709
    YUM! BRANDS, INC 7.75% 04/01/2025 USD PVT REGS SR 78,881 78,881
    1011778 BC / NEW RED FIN 5.75% 04/15/2025 USD PVT 101,721 101,721
    SABRE GLBL INC. 9.25% 04/15/2025 USD PVT REGS SR L 54,429 54,429
    US FOODS INC 6.25% 04/15/2025 USD PVT REGS SR LIEN 48,688 48,688
    CDW LLC/CDW FINANCE 4.125% 05/01/2025 USD SR LIEN 68,449 68,449
    CINEMARK USA INC 8.75% 05/01/2025 USD PVT REGS SR 10,946 10,946
    HILTON DOMESTIC OPERATIN 5.375% 05/01/2025 USD PVT 75,002 75,002
    HOWMET AEROSPACE INC 6.875% 05/01/2025 USD SR LIEN 100,424 100,424
    MGM RESORTS INTERNATIONAL 6.75% 05/01/2025 USD SR 51,402 51,402
    PERFORMANCE FOOD GROUP I 6.875% 05/01/2025 USD PVT 48,666 48,666
    XPO LOGISTICS, INC. 6.25% 05/01/2025 USD PVT REGS 48,895 48,895
    ARCONIC CORPORATION 6.0% 05/15/2025 USD PVT REGS S 26,879 26,879
    CHEMOURS COMPANY (THE) 7.0% 05/15/2025 USD SER WI 26,138 26,138
    CLARIOS GLOBAL LP 6.75% 05/15/2025 USD PVT REGS SR 27,153 27,153
    JELD-WEN INC 6.25% 05/15/2025 USD PVT REGS SR LIEN 48,959 48,959
    LENNAR CORP 4.75% 05/30/2025 USD SR LIEN NEXT CALL 40,126 40,126
    CLARK EQUIPMENT COMPANY 5.875% 06/01/2025 USD PVT 38,150 38,150
    GFL ENVIRONMENTAL INC 4.25% 06/01/2025 USD PVT REG 20,821 20,821
    MERITOR, INC. 6.25% 06/01/2025 USD PVT REGS SR LIE 10,852 10,852
    NEWELL BRANDS INC. 4.875% 06/01/2025 USD SR LIEN N 49,696 49,696
    HILLENBRAND INC 5.75% 06/15/2025 USD SR LIEN NEXT 27,064 27,064
    MGM GROWTH/MGM FINANCE 4.625% 06/15/2025 USD PVT R 75,114 75,114
    OUTFRONT MEDIA CAP LLC/C 6.25% 06/15/2025 USD PVT 12,693 12,693
    WESCO DISTRIBUTION INC 7.125% 06/15/2025 USD PVT R 49,635 49,635
    BALL CORP 5.25% 07/01/2025 USD SR LIEN 52,537 52,537
    COLT MERGER SUB INC 5.75% 07/01/2025 USD PVT REGS 13,050 13,050
    COLT MERGER SUB, INC. 6.25% 07/01/2025 USD PVT REG 13,145 13,145
    MEREDITH CORP 6.5% 07/01/2025 USD PVT REGS SR LIEN 27,322 27,322
    KRAFT HEINZ FOODS COMPANY 3.95% 07/15/2025 USD SER 61,572 61,572
    OCCIDENTAL PETROLEUM COR 8.0% 07/15/2025 SR LIEN N 56,464 56,464
    AMC NETWORKS INC 4.75% 08/01/2025 USD SR LIEN NEXT 26,312 26,312
    VALVOLINE INC. 4.375% 08/15/2025 SER WI SR LIEN NE 36,725 36,725
    XEROX HOLDINGS CORP 5.0% 08/15/2025 PVT REGS SR LI 39,039 39,039
    HERBALIFE/HLF FINANCING 7.875% 09/01/2025 PVT REGS 39,853 39,853
    MICROCHIP TECHNOLOGY INC 4.25% 09/01/2025 USD PVT 53,605 53,605
    PENSKE AUTOMOTIVE GROUP 3.5% 09/01/2025 SRSUB LIEN 25,725 25,725
    SERVICE PROPERTIES TRUST 7.5% 09/15/2025 USD SR LI 29,360 29,360
    CHENIERE ENERGY PARTNERS, L.P. 5.25% 10/01/2025 US 51,969 51,969
    NUSTAR LOGISTICS LP 5.75% 10/01/2025 SR LIEN NEXT 27,052 27,052
    SENSATA TECHNOLOGIES B.V. 5.0% 10/01/2025 REGS SR 102,362 102,362
    PENNYMAC FIN SVCS INC 5.375% 10/15/2025 PVT REGS S 26,781 26,781
    VALEANT PHARMACEUTICALS 5.5% 11/01/2025 USD PVT RE 88,864 88,864
    PQ CORP 5.75% 12/15/2025 USD PVT REGS SR LIEN NEXT 26,199 26,199
    TRANSDIGM INC 8.0% 12/15/2025 USD PVT REGS SR LIEN 39,386 39,386
    WESTERN DIGITAL CORP 4.75% 02/15/2026 USD SR LIEN 50,533 50,533
    CALPINE CORP 5.25% 06/01/2026 USD PVT REGS SR LIEN 7,272 7,272
    UNITED RENTALS NORTH AM 5.875% 09/15/2026 USD SR L 53,800 53,800
    ENPRO INDUSTRIES, INC. 5.75% 10/15/2026 USD SR LIE 38,687 38,687
    SR LIEN NEXT CALL DT. 12 15 22 SR LIEN NEXT CALL D 37,311 37,311

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BLACKROCK MORTAGE TRUST 1,514,150 1,514,150
    AT&T INC 1,294,200 1,294,200
    BLACKROCK, INC. CMN 213,677 213,677
    BRISTOL-MYERS SQUIBB COMPANY CMN 248,137 248,137
    CHEVRON CORPORATION CMN 126,080 126,080
    CISCO SYSTEMS, INC. CMN 243,662 243,662
    COCA-COLA COMPANY 243,682 243,682
    COMCAST CORPORATION CMN CLASS A VOTING 283,482 283,482
    HONEYWELL INTL INC CMN 274,845 274,845
    ILLINOIS TOOL WORKS 142,985 142,985
    INTERNATIONAL PAPER CO. CMN 138,559 138,559
    JOHNSON & JOHNSON CMN 292,816 292,816
    JPMORGAN CHASE & CO CMN 312,811 312,811
    MC DONALDS CORP CMN 234,996 234,996
    MICROSOFT CORPORATION CMN 264,839 264,839
    QUALCOMM INC CMN 255,956 255,956
    SEMPRA ENERGY CMN 128,198 128,198
    TEXAS INSTRUMENTS INC. CMN 244,080 244,080
    UNION PACIFIC CORP. CMN 186,269 186,269
    VERIZON COMMUNICATIONS, INC. CMN 228,625 228,625
    XCEL ENERGY INC. CMN 139,862 139,862
    THE HOME DEPOT, INC. CMN 239,120 239,120
    AVALONBAY COMMUNITIES INC CMN 98,708 98,708
    VENTAS, INC. CMN 113,413 113,413
    ACCENTURE PLC CMN CLASS A 259,262 259,262
    EATON CORP PLC CMN 131,113 131,113
    MEDTRONIC PUBLIC LIMITED COMPA CMN 245,288 245,288
    1895 BANCORP OF WIS INC COM 101,600 101,600
    ALLIED FIRST BANCORP INC COM 33,193 33,193
    BANK UTICA N Y COM NON VTG 197,500 197,500
    BANKFINANCIAL CORP COM 177,200 177,200
    BAYCOM CORP COM 154,358 154,358
    BCB BANCORP INC COM 164,849 164,849
    BK JAMES FINL GROUP INC COM 105,657 105,657
    C&F FINANCIAL CORP COM 185,000 185,000
    CARTER BK & TR MARTINSVILLE VA COM 164,850 164,850
    CENTRIC FINL CORP COM 164,000 164,000
    CIB MARINE BANCSHARES INC COM NEW 47,250 47,250
    CINCINNATI BANCORP INC COM 59,750 59,750
    COMMERCIAL NATL FINL CORP PA COM 156,750 156,750
    COMMUNITY BANKERS TR CORP COM 103,500 103,500
    COMMUNITY FINL CORP MD COM 145,640 145,640
    CORTLAND BANCORP COM 104,211 104,211
    CRAZY WOMAN CREEK BANCORP INC COM 45,480 45,480
    EASTERN BANKSHARES INC COM 164,600 164,600
    EUREKA HOMESTEAD BANCORP INC COM 168,220 168,220
    EXCHANGE BK SANTA ROSA CALIF PAR 2.50 162,800 162,800
    FARMERS & MERCHANTS BK LONG BEACH CALIF COM 163,750 163,750
    FARMERS & MERCHATNTS BANCSHARES INC CAP STOCK 61,628 61,628
    FFBW INC MD COM 125,124 125,124
    FIRST IC CORP COM 66,788 66,788
    FIRST NORTHN CMNTY BANCORP COM 59,313 59,313
    FIRST NORTHWEST BANCORP COM 171,498 171,498
    FIRST RESOURCES BK EXTON PA COM 123,750 123,750
    FIRST SEACOAST BANCORP COM 125,262 125,262
    FIRST UNITED CORP 6,196 6,196
    HMN FINL INC COM 137,790 137,790
    HOME FED BANCORP INC LA NEW COM 58,338 58,338
    HORIZON BANCORP INC AZ COM 32,813 32,813
    INSCORP INC COM 58,360 58,360
    INVESTAR HLDG CORP COM 153,000 153,000
    MAINSTREET BANCSHARES INC COM 55,167 55,167
    OLD POINT FINL CORP COM 94,550 94,550
    OP BANCORP COM 171,675 171,675
    PEOPLES BANCORP OF NORTH CAROLINA INC 46,800 46,800
    PROVIDENT BANCORP INC MD COM 184,200 184,200
    PRUDENTIAL BANCORP INC NEW COM 121,658 121,658
    RICHMOND MUT BANCORPORATION INC COM 90,294 90,294
    SHORE BANCSHARES INC COM 105,775 105,775
    SOUTH ATLANTIC BANCSHARES INC COM 1,260 1,260
    SOUTHERN BANC INC COM 2,820 2,820
    SOUTHERN BANCSHARES N C CO 3,800 3,800
    TEB BANCORP INC COM 56,250 56,250
    TERRITORIAL BANCORP INC COM 145,380 145,380
    THIRD CENTY BANCORP 71,706 71,706
    U & I FINL CORP COM 132,750 132,750
    WCF BANCORP INC COM 49,000 49,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WB MULTI-STRATEGY FUND LTD FMV 1,617,657 1,617,657
    WB CREDIT FUND LTD FMV 15,884,893 15,884,893
    DAFNA FUND, LP FMV 4,005,679 4,005,679
    KWIKBIT AT COST 2,250,000 2,250,000
    SABA FMV 21,869,864 21,869,864
    FARNUM AT COST 6,000,000 6,000,000
    NORCAP DIVERSIFIED PREMIUM FUND, L.P. FMV 5,231,590 5,231,590
    MINDMED AT COST 250,000 250,000
    EMPOWERU INC. AT COST 424,500 424,500
    GLOBAL ATLANTIC IVY CO-INVEST ACCESS OFFSHORE FMV 1,151,759 1,151,759
    WEST STREET STRATEGIC SOLUTIONS OFFSHORE FEEDER FUND I,LLC FMV 124,936 124,936

    TY 2020 LegalFeesSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 902 0   902


    TY 2020 OtherExpensesSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES 5,634 0   5,634
    INSURANCE 7,363 0   7,363
    PARTNERSHIP EXPENSES 0 66,096   0


    TY 2020 OtherIncomeSchedule2
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME   227,396  
    EXCISE TAX REFUND 52,614   52,614


    TY 2020 OtherIncreasesSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 15,608,720


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    LYNNE & ANDREW REDLEAF FOUNDATION
    EIN:
    81-1290745
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT CONSULTING FEES 13,881,185 13,881,185   0
    CONSULTING 1,925 0   0