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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
SUNDET FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7805 TELEGRAPH ROAD 215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55438
A Employer identification number

41-1378654
B Telephone number (see instructions)

(952) 941-0242
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$10,982,965J 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) 507,540
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 167,884 169,096  
5a Gross rents............ 39,262 35,236  
b Net rental income or (loss) 39,262
6a Net gain or (loss) from sale of assets not on line 10 1,101,850
b Gross sales price for all assets on line 6a 2,939,643
7 Capital gain net income (from Part IV, line 2)... 1,101,850
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 7,000 0  
12 Total. Add lines 1 through 11........ 1,823,536 1,306,182  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 7,265 0   7,265
b Accounting fees (attach schedule)....... Click to see attachment 8,825 0   8,825
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 8,791 1,377   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 36,806 36,495   311
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 61,687 37,872   16,426
25 Contributions, gifts, grants paid....... 2,680,285 2,680,285
26 Total expenses and disbursements. Add lines 24 and 25 2,741,972 37,872   2,696,711
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -918,436
b Net investment income (if negative, enter -0-) 1,268,310
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 361,352 901,169 901,169
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 728,165 Click to see attachment215,884 233,490
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,955,604 Click to see attachment5,955,385 9,210,624
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment436,011 Click to see attachment490,258 Click to see attachment637,682
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,481,132 7,562,696 10,982,965
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 8,481,132 7,562,696
29 Total net assets or fund balances (see instructions)..... 8,481,132 7,562,696
30 Total liabilities and net assets/fund balances (see instructions). 8,481,132 7,562,696
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
8,481,132
2
Enter amount from Part I, line 27a .....................
2
-918,436
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,562,696
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
7,562,696
Form 990-PF (2021)
Form 990-PF (2021)
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 ALTRIA GROUP INC P 2011-12-14 2021-01-08
b APPLE INC P 2018-12-20 2021-10-08
c FIDELITY ADVISOR NEW INSIGHTS P 2018-12-20 2021-10-08
d GROWTH FD AMER INC SHS P 2018-12-20 2021-10-08
e INVESTMENT CO AMER SHS P 2018-12-20 2021-10-08
JP MORGAN TR II CORE BD P 2020-06-29 2021-10-08
MEDTRONIC PLC COM P 2015-01-27 2021-10-08
PROSHARES TRUST RUSSELL 2000 P 2015-01-27 2021-10-08
PRUDENTIAL PLC P 2004-07-30 2021-12-23
SECTOR SPDR TRUST P 2018-06-12 2021-10-08
THORNBURG INVT TR P 2018-06-12 2021-10-08
UNITED STATES TREASURY P 1992-04-22 2021-11-15
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 117,004   79,028 37,976
b 120,197   32,934 87,263
c 500,000   213,923 286,077
d 250,000   109,620 140,380
e 250,000   133,486 116,514
325,000   337,269 -12,269
117,026   70,371 46,655
253,803   212,935 40,868
25,000   25,000 0
70,060   51,317 18,743
500,000   422,144 77,856
150,000   149,766 234
261,553     261,553
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       37,976
b       87,263
c       286,077
d       140,380
e       116,514
      -12,269
      46,655
      40,868
      0
      18,743
      77,856
      234
      261,553
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 1,101,850
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 17,630
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 17,630
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,240
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,240
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 12,390
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletCAROL SUNDET-MEEKER Telephone no.bullet (952) 941-0242

    Located atbullet7805 TELEGRAPH ROAD STE 215BLOOMINTONMN ZIP+4bullet55438
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    LELAND N SUNDET DIRECTOR/PRESIDENT
    2.00     		0 0 0
    7805 TELEGRAPH RD
    BLOOMINGTON,MN55438
    LOUISE C SUNDET VICE PRESIDENT
    2.00     		0 0 0
    7805 TELEGRAPH RD
    BLOOMINGTON,MN55438
    CAROL SUNDET-MEEKER DIRECTOR/PRESIDENT
    10.00     		0 0 0
    5924 TAMARAC AVE
    EDINA,MN55436
    DAN BOECKERMANN DIRECTOR
    1.00     		0 0 0
    4470 W 78TH ST CIRCLE STE 200
    BLOOMINGTON,MN55435
    MARK DIENHARD DIRECTOR
    1.00     		0 0 0
    1944 BAYARD AVENUE
    ST PAUL,MN55116
    DAVID SUNDET DIRECTOR
    1.00     		0 0 0
    1280 ZIRCON LN N
    PLYMOUTH,MN55447
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE 0
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    11,113,290
    b
    Average of monthly cash balances.......................
    1b
    836,509
    c
    Fair market value of all other assets (see instructions)................
    1c
    637,682
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,587,481
    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
    12,587,481
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    188,812
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    12,398,669
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    619,933
    Part X
    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 IX, line 6..................
    1
    619,933
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,630
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    635
    c
    Add lines 2a and 2b............................
    2c
    18,265
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    601,668
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    601,668
    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 XII, line 1 ...
    7
    601,668
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 601,668
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 330,206
    b From 2017...... 328,577
    c From 2018...... 591,991
    d From 2019...... 560,545
    e From 2020...... 1,937,500
    f Total of lines 3a through e ........ 3,748,819
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,696,711
    a Applied to 2020, 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 2021 distributable amount..... 601,668
    e Remaining amount distributed out of corpus 2,095,043
    5 Excess distributions carryover applied to 2021. 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 5,843,862
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		330,206
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		5,513,656
    10 Analysis of line 9:
    a Excess from 2017.... 328,577
    b Excess from 2018.... 591,991
    c Excess from 2019.... 560,545
    d Excess from 2020.... 1,937,500
    e Excess from 2021.... 2,095,043
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    LELAND N SUNDET
    LOUISE C SUNDET
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    ABBOTT NW HOSPITAL
    800 EAST 28TH STREET
    MINNEAPOLIS,MN55407     		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 10,000
    ALLIANCE DEFENDING FREEDOM
    15100 N 90TH STREET
    SCOTTSDALE,AZ85260     		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 65,000
    ANSELM HOUSE
    1337 CLEVELAND AVENUE N
    ST PAUL,MN55108     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,012,000
    ARIZONA PUBLIC RADIO
    PO BOX 210109 1111 N CHERRY AVE
    TUCSON,AZ85721     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500
    AUGSBURG COLLEGE ROCHESTER CAMPUS
    2211 RIVERSIDE AVE S
    MINNEAPOLIS,MN55454     		NONE OTHER PUBLIC CHARITY CHARITABLE 100,000
    CAMPUS CRUSADE
    PO BOX 628222
    ORLANDO,FL328628222     		NONE OTHER PUBLIC CHARITY CHARITABLE 24,000
    CASA ALITAS CATHOLIC CHARITIES AID TO MIGRANTS
    140 W SPEEDWAY STE 230
    TUCSON,AZ85705     		NONE OTHER PUBLIC CHARITY CHARITABLE 7,500
    CHRISTIAN NETWORK TEAM
    12375 104TH PLACE N
    FINLAYSON,MN55735     		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000
    DUKE UNIVERSITY
    BOX 90581
    DURHAM,NC277080581     		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 2,000
    FAMILY HOPE SERVICES
    5666 LINCOLN DRIVE STE 201
    MINNEAPOLIS,MN55436     		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000
    FAMILY RESEARCH COUNCIL
    PO BOX 1679
    HOLLAND,MI494221679     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    FELLOWSHIP CHRISTIAN ATHLETES
    2001 UNIVERSITY AVE SE STE 100
    MINNEAPOLIS,MN55414     		NONE OTHER PUBLIC CHARITY CHARITABLE 7,000
    FIRST BAPTIST CHURCH OF STURGEON BAY
    610 NORTH 5TH AVENUE
    STURGEON BAY,WI542352108     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE OTHER PUBLIC CHARITY CHARITABLE 31,000
    FRIENDS OF THE BWCA
    1550 UNIVERSITY AVE W STE 180S
    ST PAUL,MN551142003     		NONE OTHER PUBLIC CHARITY CHARITABLE 190
    GIANTS OF THE EARTH HERITAGE CTR
    102 2ND AVENUE SE
    SPRING GROVE,MN55974     		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 100,000
    HERITAGE CHRISTIAN ACADEMY
    15655 BASS LAKE ROAD
    MAPLE GROVE,MN55331     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000
    HUMANE SOCIETY OF MINNESOTA
    845 MEADOW LANE N
    GOLDEN VALLEY,MN55422     		NONE OTHER PUBLIC CHARITY CHARITABLE 120
    IN TOUCH MINISTRY
    PO BOX 7900
    ATLANTA,GA303579979     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    INCARNATIONSAGRADO CORAZON CATHOLIC CHURCH
    3817 PLEASAN AVENUE SOUTH
    MINEAPOLIS,MN55409     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,500
    KOINONIA HOUSE
    PO BOX 1415
    WHEATON,IL601871415     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    LUTHERAN SOCIAL SERVICE
    2485 COMO AVENUE NORTH
    ST PAUL,MN551131598     		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000
    MAYO CLINIC
    200 FRIST STREET SW
    ROCHESTER,MN55905     		NONE OTHER PUBLIC CHARITY CHARITABLE 102,000
    MINNEHAHA ACADEMY
    4200 WEST RIVER PARKWAY
    MINNEAPOLIS,MN55406     		NONE OTHER PUBLIC CHARITY CHARITABLE 51,045
    MINNESOTA DENTAL ASSOCIATION FOUNDATION
    1335 INDUSTRIAL BOULEVARD STE 200
    MINNEAPOLIS,MN554134801     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,500
    MINNESOTA PUBLIC RADIO
    480 CEDAR STREET
    ST PAUL,MN55101     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,180
    MN FAMILY INSTITUTE
    2855 ANTHONY LANE S STE 150
    MINNEAPOLIS,MN55418     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    MN HISTORICAL SOCIETY
    345 KELLOGG BOULEVARD WEST
    ST PAUL,MN55102     		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000
    MOODY BIBLE INSTITUTE
    9820 N LASALLE BLVD
    CHICAGO,IL60610     		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000
    MOUNTAIN MINISTRIES
    PO BOX 1974
    DILLON,CO80435     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    MT CARMEL MINISTRIES
    PO BOX 579
    ALEXANDRIA,MN56308     		NONE OTHER PUBLIC CHARITY CHARITABLE 110,000
    MT OLIVET LUTHERAN CHURCH
    5025 KNOX AVENUE SOUTH
    MINNEAPOLIS,MN55419     		NONE OTHER PUBLIC CHARITY CHARITABLE 15,500
    MT OLIVET ROLLING ACRES
    18986 LAKE DRIVE EAST
    CHANHASSEN,MN553179348     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    NAVIGATORS
    PO BOX 6079
    ALBERT LEA,MN560076679     		NONE OTHER PUBLIC CHARITY CHARITABLE 99,000
    NEW HORIZONS FOUNDATION
    PO BOX 23813
    WASHINGTON,DC200263813     		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000
    NORTHWESTERN UNIVERSITY
    225 E CHICAGO AVE PO BOX 28
    CHICAGO,IL606112991     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    NORWAY HOUSE
    913 EAST FRANKLIN AVE
    MINNEAPOLIS,MN55416     		NONE OTHER PUBLIC CHARITY CHARITABLE 25,000
    PASSION CHURCH
    13792 REIMER DRIVE N
    MAPLE GROVE,MN55311     		NONE OTHER PUBLIC CHARITY CHARITABLE 9,500
    PEOPLE SERVING PEOPLE
    614 S 3RD STREET
    MINNEAPOLIS,MN55415     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    PRISON FELLOWSHIP
    44180 RIVERSIDE PARKWAY
    LANSDOWNE,VA20176     		NONE OTHER PUBLIC CHARITY CHARITABLE 374,000
    RIVER VALLEY CHURCH
    12345 PORTLAND AVE
    BURNSVILLE,MN55337     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,300
    SHRINERS HOSPITAL FOR CHILDREN
    2900 N ROCKY POINT DR
    TAMPA,FL33607     		NONE OTHER PUBLIC CHARITY CHARITABLE 15,000
    SPRING GROVE ISD 297 (SCHOLARSHIPS)
    113 2ND AVENUE NW
    SPRING GROVE,MN55974     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,500
    SPRING GROVE SCOLAR DOLLARS
    17927 NINE OAKS DRIVE
    SPRING GROVE,MN55974     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    ST HUBERTS CATHOLIC CHURCH
    8201 MAIN STREET
    CHANHASSEN,MN55317     		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000
    TPTPBS
    172 EAST FOURTH STREET
    ST PAUL,MN55101     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    TRINITY LUTHERAN CHURCH
    203 EAST MAIN ST PO BOX 188
    SPRING GROVE,MN55974     		NONE OTHER PUBLIC CHARITY CHARITABLE 6,100
    TRUE FRIENDS
    10590 108TH STREET NW
    ANNANDALE,MN55302     		NONE OTHER PUBLIC CHARITY CHARITABLE 20,000
    U OF MN FOUNDATION
    200 OAK STREET SE STE 500
    MINEAPOLIS,MN55455     		NONE OTHER PUBLIC CHARITY CHARITABLE 156,000
    UNIVERSITY OF CALIFORNIA SAN DIEGO UROLOGY
    9500 GILMAN DRIVE 9037
    LAJOLLA,CA920930937     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    UNIVERSITY OF CALIFORNIA CEDAR HOSPITAL
    127 S SAN VICENTE BLVD A6600
    LOS ANGELES,CA90048     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000
    UNIVERSITY OF WISCONSIN NEUROLOGY
    US BANK BOX 78807
    MILWAUKEE,WI532780807     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    URBAN VENTURES
    2924 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408     		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 20,000
    WAYZATA FREE CHURCH
    705 COUNTY ROAD 101
    PLYMOUTH,MN55447     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    YOUTH FOR CHRIST
    116 WEST CLARK STREET
    ALBERT LEA,MN56007     		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000
    CENTER OF THE AMERICAN EXPERIMENT
    8421 WAYZATA BOULEVARD STE 110
    GOLDEN VALLEY,MN55426     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    CHILDREN'S MINNESOTA FOUNDATION
    5901 LINCOLN DRIVE
    EDINA,MN55436     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    COURAGE KENNEY
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		NONE OTHER PUBLIC CHARITY CHARITABLE 105,000
    FEED MY STARVING CHILDREN
    18732 LAKE DRIVE E
    CHANHASSEN,MN55317     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    GET UP STAND UP TO CURE PARALYSIS
    11545 K-TEL DRIVE
    MINNETONKA,MN55343     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500
    GRACE CHURCH
    9301 EDEN PRAIRIE ROAD
    EDEN PRAIRIE,MN55347     		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000
    HABITAT FOR HUMANITY
    11145 TAMIAMI TRIAL EAST
    NAPLES,FL34113     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    LIFESPACE FOUNDATION
    8104 HIGHWOOD DR G138
    BLOOMINGTON,MN55438     		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000
    MN PRAER BREAKFAST
    PO BOX 304
    ROSEMOUNT,MN550680304     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500
    NATIONAL MS SOCIETY
    PO BOX 91891
    WASHINGTON,DC20090     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500
    NIACC
    500 COLLEGE DRIVE
    MASON CITY,IA50401     		NONE OTHER PUBLIC CHARITY CHARITABLE 100
    OUR SAVIOR'S LUTHERAN CHURCH
    302 BOOTH AVENUE
    LARIMAORE,ND58251     		NONE OTHER PUBLIC CHARITY CHARITABLE 250
    PERSPECTIVES
    3381 GORHAM AVENUE
    ST LOUIS PARK,MN55415     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    THE LOPPET FOUNDATION
    1301 THEODORE WIRTH PARKWAY
    GOLDEN VALLEY,MN55422     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    UNIVERSITY OF MINNESOTA NEUROLOGY
    919 FULTON AVENUE SE
    MINNEAPOLIS,MN55455     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000
    UNIVERSITY OF MINNESOTA MECH ENGINEERING
    111 CHURCH STREET SE ROOM 200
    MINNEAPOLIS,MN55455     		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000
    BSF INTERNATIONAL
    19001 HUEBNER ROAD
    SAN ANTONIO,TX782584019     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    DILLON COMMUNITY CHURCH
    PO BOX 1979
    DILLON,CO80435     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    FAMILY LIFE (CAMPUS CRUSADE)
    PO BOX 628222
    ORLANDO,FL328628222     		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000
    FIRST BAPTIST CHURCH OF STURGEON BAY
    610 NORTH 5TH AVENUE
    STURGEON BAY,MN542352108     		NONE OTHER PUBLIC CHARITY CHARITABLE 7,500
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000
    HERITAGE CHRISTIAN ACADEMY
    15655 BASS LAKE ROAD
    MAPLE GROVE,MN55331     		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000
    PRISON FELLOWSHIP
    44180 RIVERSIDE PARKWAY
    LANSDOWNE,VA20176     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    WAYZATA FREE CHURCH
    705 COUNTY ROAD 101
    PLYMOUTH,MN55447     		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000
    WILLIAMS COLLEGE
    75 PARK STREET
    WILLIAMSTOWN,MA01267     		NONE OTHER PUBLIC CHARITY CHARITABLE 500
    Total .................................bullet 3a 2,680,285
    bApproved for future payment
    AUGSBURG COLLEGE ROCHESTER CAMPUS
    2211 RIVERSIDE AVE S
    MINNEAPOLIS,MN55454     		NONE OTHER PUBLIC CHARITY CHARITABLE 900,000
    MAYO CLINIC FOUNDATION
    200 FRIST STREET SW
    ROCHESTER,MN55108     		NONE OTHER PUBLIC CHARITY CHARITABLE 400,000
    MN HISTORICAL SOCIETY
    345 KELLOGG BOULEVARD WEST
    ST PAUL,MN55102     		NONE OTHER PUBLIC CHARITY CHARITABLE 90,000
    MOUNT CARMEL MINISTRIES
    PO BOX 570
    ALEXANDRIA,MN56308     		NONE OTHER PUBLIC CHARITY CHARITABLE 440,000
    MINNEAPOLIS HEART INSTITUTE FOUNDATION
    920 EAST 28TH STREET STE 100
    MINNEAPOLIS,MN55407     		NONE OTHER PUBLIC CHARITY CHARITABLE 500,000
    COURAGE KENNEY
    3915 GOLDEN VALLEY ROAD
    MINNEAPOLIS,MN55422     		NONE OTHER PUBLIC CHARITY CHARITABLE 100,000
    Total .................................bullet 3b 2,430,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 525990 4,026      
    bNot debt-financed property.....     16 35,236  
    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 1,101,850  
    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) .. 4,026 1,311,970 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,315,996
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    SUNDET FOUNDATION
     
    Employer identification number

    41-1378654
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    SUNDET FOUNDATION
          		Employer identification number
    41-1378654
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    SUNSHINE
     
    7805 TELEGRAPH ROAD STE 215
     
    BLOOMINGTON, MN55438

    		$ 28,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    MDSC
     
    7805 TELEGRAPH ROAD STE 215
     
    BLOOMINGTON, MN55438

    		$ 154,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    MARY INC
     
    7805 TELEGRAPH ROAD STE 215
     
    BLOOMINGTON, MN55438

    		$ 325,540


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    SUNDET FOUNDATION
          		Employer identification number

    41-1378654
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 501 SHARES OF INTUIT, INC. STOCK $ 325,540 2021-12-29
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    SUNDET FOUNDATION
          		Employer identification number

    41-1378654
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 8,825 0   8,825

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DAIN CORP BONDS 215,884 233,490

    TY 2021 InvestmentsOtherSchedule2
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 4,455,385 6,585,914
    EQUITABLE ANNUITY AT COST 1,500,000 2,624,710

    TY 2021 LegalFeesSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 7,265 0   7,265


    TY 2021 OtherAssetsSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT IN MDSC PARTNERS LLC 433,629 487,876 635,300
    DISTRIBUTION RECEIVABLE 2,382 2,382 2,382


    TY 2021 OtherExpensesSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK & BROKER FEES 36,495 36,495   0
    INSURANCE EXPENSE 250 0   250
    OFFICE EXPENSE 61 0   61


    TY 2021 OtherIncomeSchedule2
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    REFUNDS 7,000 0 7,000


    TY 2021 TaxesSchedule
    Name:
    SUNDET FOUNDATION
    EIN:
    41-1378654
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,377 1,377   0
    ANNUAL FEE 25 0   25
    FEDERAL TAXES 7,389 0   0