Form990-PF
Click to see attachment
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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
C K BLANDIN RESIDUARY TRUST
C/O WELLS FARGO BANK NA
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD 3RD FL
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

41-6012374
B Telephone number (see instructions)

(855) 739-2922
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$482,178,356J 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... 14,634,069 15,400,820  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 26,624,257
b Gross sales price for all assets on line 6a 111,323,692
7 Capital gain net income (from Part IV, line 2)... 34,710,280
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 12,276 2,046,348  
12 Total. Add lines 1 through 11........ 41,270,602 52,157,448  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,412,316 1,235,884   176,432
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 202,139 0   202,139
b Accounting fees (attach schedule)....... Click to see attachment 115,574 2,500   113,074
c Other professional fees (attach schedule).... Click to see attachment 839,311 839,311   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 765,245 280,509   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 52,646 51,943   25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,387,231 2,410,147   491,670
25 Contributions, gifts, grants paid....... 19,879,993 19,879,993
26 Total expenses and disbursements. Add lines 24 and 25 23,267,224 2,410,147   20,371,663
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,003,378
b Net investment income (if negative, enter -0-) 49,747,301
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.............      
2 Savings and temporary cash investments......... 20,127,407 28,550,182 28,550,061
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) 18,157,240 Click to see attachment18,131,453 18,333,016
b Investments—corporate stock (attach schedule)....... 125,990,200 Click to see attachment156,329,486 238,789,883
c Investments—corporate bonds (attach schedule)....... 29,411,078 Click to see attachment18,986,458 19,380,064
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 143,752,652 Click to see attachment154,312,865 177,125,332
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) 337,438,577 376,310,444 482,178,356
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........ 337,438,577 376,310,444
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 337,438,577 376,310,444
30 Total liabilities and net assets/fund balances (see instructions). 337,438,577 376,310,444
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
337,438,577
2
Enter amount from Part I, line 27a .....................
2
18,003,378
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
20,868,489
4
Add lines 1, 2, and 3 ..........................
4
376,310,444
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
376,310,444
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 PUBLICLY TRADED SECURITIES P 2020-01-01 2021-12-31
b FLOW-THROUGH FROM PARTNERSHIPS P 2020-01-01 2021-12-31
c LOSS ON DISPOSITION OF TCV V, L.P. P 2020-01-01 2021-12-31
d LOSS ON DISPOSITION OF TCV VI, L.P. P 2020-01-01 2021-12-31
e DISTRIBUTION IN EXCESS OF BASIS - BROOKFIELD STRATEGIC REAL ESTATE PARTNERS P 2020-01-01 2021-12-31
DISTRIBUTION IN EXCESS OF BASIS - EUROPEAN STRATEGIC PARTNERS II 'B', L.P. P 2020-01-01 2021-12-31
(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 100,893,779   75,266,334 25,627,445
b 10,429,913     9,140,697
c       -33,580
d       -134,881
e       16,131
      94,468
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       25,627,445
b       9,140,697
c       -33,580
d       -134,881
e       16,131
      94,468
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 34,710,280
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........................... 3 691,487
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- ..... 5 691,487
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 890,666
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,090,666
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 399,179
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet399,179 RefundedBullet 11 0
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 ofbulletWELLS FARGO BANK NA Telephone no.bullet (888) 730-4933

    Located atbullet100 N MAIN STREETWINSTONSALEMNC ZIP+4bullet27101
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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
     
    No
    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)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    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
    WELLS FARGO BANK NA TRUSTEE
    1.00     		1,368,316 0 0
    430 N WABASHA ST FLR 3
    ST PAUL,MN55101
    JIM HOOLIHAN TRUSTEE
    4.25     		44,000 0 0
    917 4TH AVE NW
    GRAND RAPIDS,MN55744
    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
    TIMES SQUARE CAPITAL MANAGEMENT INVESTMENT MANAGER 300,449
    7 TIMES SQUARE
    NEW YORK,NY10036
    TAFT STETTINIUS & HOLLISTER LLP ATTORNEY 202,139
    2200 IDS CENTER 80 SOUTH EIGHTH
    STREET
    MINNEAPOLIS,MN55402
    WGI EMERGING MARKETS INVESTMENT MANAGER 142,823
    ONE FINANICAL CENTER STE 1620
    BOSTON,MA02111
    RSM US LLP ACCOUNTING SERVICES 115,574
    227 W 1ST ST STE 700
    DULUTH,MN55802
    REINHART PARTNERS INC INVESTMENT MANAGER 102,444
    1500 W MARKET ST
    MEQUON,WI53092
    Total number of others receiving over $50,000 for professional services.............bullet3
    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  
    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  
    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
    458,079,421
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    458,079,421
    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
    458,079,421
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    6,871,191
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    451,208,230
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    22,560,412
    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
    22,560,412
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    691,487
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    382,845
    c
    Add lines 2a and 2b............................
    2c
    1,074,332
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    21,486,080
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    21,486,080
    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
    21,486,080
    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 21,486,080
    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......  
    b From 2017......  
    c From 2018...... 510,650
    d From 2019...... 1,200,426
    e From 2020...... 79,210
    f Total of lines 3a through e ........ 1,790,286
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 20,371,663
    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..... 20,371,663
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,114,417 1,114,417
    (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 5 675,869
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		675,869
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019.... 596,659
    d Excess from 2020.... 79,210
    e Excess from 2021....  
    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).)
    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
    C K BLANDIN FOUNDATION
    100 N POKEGAMA AVENUE
    GRAND RAPIDS,MN55744     		N/A PF TO SUPPORT DIRECT CHARITABLE ACTIVITIES, GRANTMAKING, AND SCHOLARSHIPS 19,879,993
    Total .................................bullet 3a 19,879,993
    bApproved for future payment
    Total .................................bullet 3b 0
    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......          
    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 26,624,257  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSTATE TAX REFUNDS     		    01 6,654  
    bTAX RECLAIMS     01 4,595  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 41,270,602 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    41,270,602
    (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

    TY 2021 AccountingFeesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 115,574 2,500   113,074

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    C K BLANDIN FOUNDATION
          		100 N POKEGAMA AVENUE
    GRAND RAPIDS,MN55744     		2020-12-31 18,487,924 FOR THE GENERAL SUPPORT OF THE C. K. BLANDIN FOUNDATION 18,487,942 NONE 9/28/21 2021-09-28 THE TRUSTEES OF THE BLANDIN RESIDUARY TRUST ARE ROUTINELY GIVEN COPIES OF THE FINANCIAL REPORTS OF THE BLANDIN FOUNDATION EXPENDITURES. TO THE KNOWLEDGE OF THIS TRUST'S TRUSTEES, AND BASED ON THE INFORMATION AVAILABLE TO THEM, NO PORTION OF THE GRANTS MADE HAVE BEEN USED FOR OTHER THAN THE INTENDED PURPOSES OF THE GRANT. IN ADDITION, THE FOUNDATION HAS PROVIDED DETAILED REPORTS OF THE AMOUNTS THE FOUNDATION EXPENDED IN THE SUCCESSIVE YEAR AS QUALIFYING DISTRIBUTIONS VIA GRANTS PAID OUT AND ADMINISTRATIVE EXPENSES, AND THE TOTAL AMOUNT IN THE FOUNDATION'S CORPUS AS OF THE BEGINNING OF THE SUCCESSIVE YEAR FROM THE FIVE YEARS PRIOR TO THE SUCCESSIVE YEAR. THE DETAILED REPORTS OF THE GRANTS AND SCHOLARSHIPS PAID INCLUDE THE REPORTING NAME AND ADDRESSES OF GRANTEES, AND THE DATE EACH GRANT WAS DISBURSED.
    C K BLANDIN FOUNDATION
          		100 N POKEGAMA AVENUE
    GRAND RAPIDS,MN55744     		2021-12-31 19,879,993 FOR THE GENERAL SUPPORT OF THE C. K. BLANDIN FOUNDATION 19,879,993 NONE 10/4/22 2022-10-04 THE TRUSTEES OF THE BLANDIN RESIDUARY TRUST ARE ROUTINELY GIVEN COPIES OF THE FINANCIAL REPORTS OF THE BLANDIN FOUNDATION EXPENDITURES. TO THE KNOWLEDGE OF THIS TRUST'S TRUSTEES, AND BASED ON THE INFORMATION AVAILABLE TO THEM, NO PORTION OF THE GRANTS MADE HAVE BEEN USED FOR OTHER THAN THE INTENDED PURPOSES OF THE GRANT. IN ADDITION, THE FOUNDATION HAS PROVIDED DETAILED REPORTS OF THE AMOUNTS THE FOUNDATION EXPENDED IN THE SUCCESSIVE YEAR AS QUALIFYING DISTRIBUTIONS VIA GRANTS PAID OUT AND ADMINISTRATIVE EXPENSES, AND THE TOTAL AMOUNT IN THE FOUNDATION'S CORPUS AS OF THE BEGINNING OF THE SUCCESSIVE YEAR FROM THE FIVE YEARS PRIOR TO THE SUCCESSIVE YEAR. THE DETAILED REPORTS OF THE GRANTS AND SCHOLARSHIPS PAID INCLUDE THE REPORTING NAME AND ADDRESSES OF GRANTEES, AND THE DATE EACH GRANT WAS DISBURSED.

    TY 2021 GeneralExplanationAttachment
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Identifier Return Reference Explanation
    TRUSTEE COMPENSATION FORM 990-PF, PART VII, LINE 1 THE CORPORATE TRUSTEE'S COMPENSTATION REPORTED IN COLUMN (C) IS CALCULATED BASED ON PERIODIC MARKET VALUES AND/OR THE APPLIABLE FEE ARRANGEMENT. IT IS NOT DETERMINDED ON AN HOURLY BASIS AND THE REFERENCE TO ONE HOUR PER WEEK IS A PLACEHOLDER ONLY. CORPORATE TRUSTEE SERVICES INCULDE, BUT ARE NOT LIMITED TO, ADMINISTRATIVE SERVICES SUCH AS FIDUCIARY ACCOUNTING, CUSTODY OF ASSETS, COMPLYING WITH TAX FILING REQUIREMENTS, COMPLYING WITH DISTRIBUTION PROVISIONS AND COMPLYING WITH FEDERAL AND STATE LAW APPLICABLE TO PRIVATE FOUNDATIONS, PLUS ASSET MANAGEMENT SERVICES SUCH AS CREATING ASSET ALLOCATION STRATEGIES, INVESTMENTS REPORTING, AND REALLOCATING AND REBALANCING OF PROFOLIOS AS NECESSARY.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AIR PRODUCTS & CHEMICALS 454,433 459,603
    ANTHEM INC 1,178,578 1,145,895
    APPLE INC 3.850% 5/04/43 549,685 588,790
    AT&T INC 4.125% 2/17/26 1,090,416 1,172,556
    BLACKROCK INC 3.500% 3/18/2024 696,795 686,907
    CHARLES SCHWAB CORP 3.450% 02/13/2026 787,238 804,735
    CHUBB INA HOLDINGS INC 1.375% 9/15/2030 494,150 470,930
    GS MORTGAGE SECURITI 3.727% 3/10/51 1,129,531 1,080,720
    HCP INC 3.500% 7/15/29 262,838 271,085
    HOME DEPOT INC 3.125% 12/15/2049 723,372 685,022
    ISHARES TIPS BOND ETF 598,740 602,847
    JPMDB COMMERCIAL MO 4.5216% 6/15/51 339,703 331,164
    KROGER CO 2.650% 10/15/26 497,235 519,540
    LOWE'S COS INC 3.100% 5/03/2027 884,268 960,228
    MCDONALD'S CORP 3.700% 1/30/2026 987,635 1,022,086
    MICROSOFT CORP 2.921% 3/17/52 407,072 451,231
    MORGAN STANLEY 4.375% 1/22/47 761,352 753,684
    MOSAIC CO 4.250% 11/15/23 514,195 525,905
    PEPSICO INC 3.500% 7/17/2025 714,575 751,380
    UBS COMMERCIAL MORT 3.9772% 6/15/51 560,117 539,740
    UBS COMMERCIAL MORTG 3.301% 10/15/50 916,639 883,201
    UNITEDHEALTH GROUP 2.300% 5/15/31 518,515 508,710
    UNITEDHEALTH GROUP INC 4.750% 07/15/2045 1,266,029 1,472,704
    VERIZON COMMUNICATIO 4.016% 12/03/2029 1,007,843 952,935
    VIRGINIA ELEC & POWE 3.150% 1/15/26 323,808 317,145
    VISA INC 4.300% 12/14/45 994,227 1,101,074
    VR GS MORTGAGE SECUR 4.466% 10/10/48 327,469 320,247

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACUSHNET HOLDINGS CORP 293,156 523,793
    ADYEN N.V. 200,584 649,630
    AFFILIATED MANAGERS GROU 4.750% PFD 5,083 5,343
    AFFILIATED MANAGERS GROU PFD 4,518 4,912
    AIA GROUP LTD-SP 442,760 520,670
    AIR LIQUIDE - ADR 124,818 183,660
    ALABAMA POWER CO 5.000% PFD 4,607 4,703
    ALCON, INC. 211,902 292,200
    ALFA LAVAL AB 195,066 286,908
    ALGONQUIN PWR & UTILITY PFD 4,637 4,950
    ALLIANZ SE 547,309 559,911
    ALLSTATE CORP 4.750% PFD 10,016 10,345
    ALLSTATE CORP 5.100% PFD 11,359 12,204
    ALLSTATE CORP 5.625% PFD 8,707 9,163
    ALLSTATE CORP PFD 4,059 4,120
    ALTRIA GROUP INC 609,213 590,006
    AMBEV SA 233,612 174,429
    AMERICAN FINANCIAL GROUP PFD 4,492 4,833
    AMERICAN FINANCIAL GROUP PFD 10,112 10,440
    AMERISOURCEBERGEN CORP 972,562 1,051,691
    AMERISOURCEBERGEN CORP 1,278,712 1,461,790
    AMGEN INC 658,430 693,583
    APTARGROUP INC COM 65,473 123,460
    ARCH CAPITAL GROUP LTD 4.550% PFD 5,306 5,482
    ARCH CAPITAL GROUP LTD 5.450% PFD 13,547 13,837
    ARTISAN PARTNERS ASSET MANAGEM 118,244 211,569
    ASPEN TECHNOLOGY INC COM 120,453 475,321
    ASSOC BANC-CORP 5.625% PFD 4,780 5,272
    AT&T INC 4.750% PFD SER C 40,294 41,990
    AT&T INC 5.000% PFD SER A 9,671 10,398
    AT&T INC 5.350% PFD 4,300 4,536
    AT&T INC PFD 4,427 4,863
    ATLAS COPCO AB SPONSORED ADR NEW REPSTG COM SER A 259,189 707,724
    ATRION CORP 173,109 156,488
    AUTOHOME INC-ADR 224,425 163,231
    AUTOMATIC DATA PROCESSING INC 512,363 625,327
    BANCO BILBAO VIZCAYA ARGENT- ADR 283,828 244,356
    BANK OF AMERICA CORP 4.125% PFD 15,018 15,246
    BANK OF AMERICA CORP 4.250% PFD 5,273 5,353
    BANK OF AMERICA CORP 4.375% PFD SER NN 10,153 10,411
    BANK OF AMERICA CORP 5.000% PFD SER LL 19,106 20,307
    BANK OF AMERICA CORP 5.375% PFD SER KK 4,589 4,935
    BERKLEY (WR) CORPORATION 4.250% PFD 5,028 5,298
    BERKLEY (WR) CORPORATION PFD 4,729 5,176
    BHP GROUP LTD-SPON ADR 570,682 439,046
    BLACKROCK DEVELOPED REAL ESTATE 22,109,053 24,349,031
    BRUNSWICK CORP 1,751,789 1,762,775
    CANADIAN NATL RR CO COM 141,574 194,119
    CAPITAL ONE FINANCIAL CO 4.800% PFD SER J 14,874 15,508
    CAPITAL ONE FINANCIAL CO 5.000% PFD SER I 19,032 20,357
    CATALENT INC 1,632,309 1,958,859
    CHARLES RIVER LABORATORIES 582,806 1,064,404
    CHARLES SCHWAB CORP 4.450% PFD 10,741 10,731
    CHARLES SCHWAB CORP 5.950% PFD SER D 8,527 8,383
    CHECK POINT SOFTWARE TECH COM 405,836 412,389
    CHEVRON CORP 651,720 741,887
    CHUGAI PHARMACEUTICAL CO LTD 131,932 205,482
    CITIGROUP INC 6.875% PFD SER K 28,425 28,746
    CITIGROUP INC 7.125% PFD SER J 19,845 19,918
    CITIZENS FINANCIAL GROUP 5.000% PFD SER E 17,546 18,555
    CLEARWATER ANALYTICS HLDGS INC 150,331 132,824
    CMS ENERGY CORP PFD 4,386 4,734
    CMS ENERGY CORP PFD 9,007 9,541
    COCA COLA CO 744,080 817,572
    CONAGRA BRANDS INC 693,965 700,177
    COPART INC COM 1,297,603 1,296,351
    CORVEL CORP 386,151 465,296
    CROWDSTRIKE HOLDINGS INC 506,661 967,444
    CSPC PHARMACEUTICAL GROUP LTD ADR 266,642 234,896
    CVS HEALTH CORPORATION 1,085,520 1,301,054
    DASSAULT SYSTEMES S.A. - ADR 299,731 591,429
    DBS GROUP HOLDINGS LIMITED - ADR 405,416 558,944
    DIAGEO PLC - ADR 164,588 234,669
    DIGITAL REALTY TRUST INC 5.200% PFD SER L 9,822 10,391
    DOLLAR GENERAL CORP 979,355 1,064,772
    DONALDSON CO INC 75,180 151,113
    DRIL-QUIP INC COM 187,143 83,325
    DTE ENERGY CO 4.375% PFD 5,208 5,497
    DTE ENERGY CO 5.250% PFD SER E 4,435 4,574
    DUKE ENERGY CORP PFD 4,250 4,542
    EMCOR GROUP INC COM 305,016 572,236
    ENBRIDGE INC PFD SER B 8,957 9,543
    ENN ENERGY HOLDINGS-UNSP ADR 267,902 303,756
    ENTERGY ARKANSAS LLC PFD 8,820 9,055
    ENTERGY LOUISIANA LLC4.875% PFD 4,095 4,175
    ENTERGY MISSISSIPPI LLC 4.900% PFD 3,860 3,934
    EPIROC AKTIEBOLAG 113,659 311,666
    EQUITABLE HOLDINGS INC 4.300% PFD 5,277 5,328
    FACTSET RESH SYS INC COM 148,940 451,503
    FANUC CORPORATION ADR 132,635 146,475
    FIFTH THIRD BANCORP 4.950% PFD SER K 9,433 10,123
    FIRST HAWAIIAN INC 382,258 452,202
    FIRST HORIZON CORP 4.700% PFD 4,981 5,056
    FIRST REPUBLIC BANK 4.125% PFD SER K 5,058 5,087
    FIRST REPUBLIC BANK 4.700% PFD SER J 9,815 10,433
    FIRST REPUBLIC BANK 5.125% PFD SER H 4,632 4,699
    FOMENTO ECONOMICO MEXICANO S.A.B. DE C.V. (FEMSA) 283,763 264,913
    FTI CONSULTING INC COM 442,055 658,479
    FUCHS PETROLUB SE 42,340 36,712
    GARTNER INC 912,936 1,880,550
    GEORGIA POWER CO 5.000% PFD SER 2017 8,848 9,110
    GLOBAL PMTS INC W/I 1,092,947 906,112
    GLOBE LIFE INC 4.250% PFD 5,380 5,491
    GOLDMAN SACHS GROUP INC 5.500% PFD SER J 37,400 40,680
    GOLDMAN SACHS GROUP INC 6.375% PFD SER K 16,715 17,691
    GRACO INC 211,823 507,261
    GRAINGER W W INC 936,168 1,182,624
    HAIER SMART HOME CO LTD ADR 198,125 239,699
    HARTFORD FINL SVCS GRP 6.000% PFD SER G 4,296 4,630
    HARTFORD FINL SVCS GRP 7.875% PFD 17,249 15,957
    HDFC BANK LTD. - ADR 154,018 182,847
    HENRY JACK & ASSOC INC COM 79,292 192,205
    HUBSPOT INC 606,839 840,416
    HUDSON PACIFIC PROPERTIE 4.750% PFD 5,261 5,505
    HUNTINGTON BANCSHARES 4.500% PFD 10,312 10,827
    ICICI BANK LTD. - ADR 143,937 327,742
    INFINEON TECHNOLOGIES AG - ADR 211,371 631,442
    ISHARES CORE MSCI EMERGING MARKETS 8,050,496 8,950,147
    ISHARES RUSSELL 2000 ETF 1,299,440 1,349,382
    JM SMUCKER CO 511,898 576,148
    JOHNSON & JOHNSON 986,094 1,033,434
    JPMORGAN CHASE & CO 4.200% PFD 5,292 5,385
    JPMORGAN CHASE & CO 4.550% PFD 20,725 21,567
    JPMORGAN CHASE & CO 4.750% PFD SER GG 9,582 10,088
    JPMORGAN CHASE & CO 5.750% PFD SER DD 4,474 4,812
    JPMORGAN CHASE & CO 6.000% PFD SER EE 8,613 9,347
    KEYCORP 5.625 PFDSER G 4,572 5,008
    KEYCORP 6.125% PFD SER E 22,871 25,674
    KIMCO REALTY CORP 5.125% PFD SER L 4,361 4,521
    KIMCO REALTY CORP 5.250% PFD SER M 4,095 4,328
    KOMATSU LIMITED - ADR 179,876 208,180
    KROGER CO 553,411 620,379
    KUBOTA LIMITED - ADR 218,332 301,867
    LANDSTAR SYS INC COM 462,362 483,712
    LCI INDUSTRIES 239,921 235,831
    LINDE PLC 99,677 221,715
    LONZA GROUP AG ADR 168,766 456,495
    LOREAL - ADR 416,592 722,139
    LOWES CORP 1,081,915 1,327,036
    LUKOIL PJSC-SPON ADR 298,334 325,435
    MANHATTAN ASSOCIATES, INC 162,999 506,275
    MARSH & MCLENNAN COS INC 870,356 964,527
    MARTIN MARIETTA MATLS INC COM 1,065,825 1,288,521
    MCAFEE CORP 379,449 443,588
    MEDTRONIC PLC 863,207 694,046
    METLIFE INC 4.750% PFD SER F 19,469 20,624
    MICROCHIP TECHNOLOGY INC COM 964,728 1,034,012
    MLN MORGAN STANLEY 27,544 27,235
    MOELIS & CO 219,104 364,371
    MONDELEZ INTERNATIONAL INC 511,318 566,287
    MORGAN STANLEY 6,144 7,455
    MORGAN STANLEY 4.250% PFD 5,258 5,324
    MORGAN STANLEY 4.875% PFD SER L 4,765 5,052
    MORGAN STANLEY 5.850% PFD SER K 14,793 16,989
    MORGAN STANLEY 6.875% PFD 9,309 9,505
    NESTLE S.A. REGISTERED SHARES - ADR 264,447 454,518
    NEXTERA ENERGY CAPITAL PFD SER N 27,384 30,297
    NITORI HLDGS CO LTD-UNSP 220,745 204,176
    NORTHERN TRUST CORP 4.700% PFD SER E 4,848 5,232
    NOVOZYMES A/S UNSPONS ADR 136,801 213,618
    NY COMMUNITY BANCORP INC 6.375% PFD SER A 19,878 21,618
    O'REILLY AUTOMOTIVE INC 1,108,140 2,312,903
    PALO ALTO NETWORKS INC 1,324,110 1,447,576
    PERRIGO CO PLC 471,020 418,447
    PHILIP MORRIS INTERNATIONAL IN 769,380 712,975
    PING AN INSURANCE-ADR 223,940 154,800
    PNC FINANCIAL SERVICES 6.125% PFD SER P 49,658 46,409
    PRICESMART INC 188,967 180,876
    PRIMERICA INC 143,547 506,557
    PRINCIPAL FUNDS INC - CAPITAL SECURITIES FUND 868,048 889,103
    PRINCIPAL PREFERRED SECURITIES FUND 9,950,000 9,870,851
    PRUDENTIAL FINANCIAL INC PFD 4,346 4,753
    PRUDENTIAL FINANCIAL INC 4.125% PFD 9,965 10,234
    PS BUSINESS PARKS INC 4.875% PFD SER Z 9,503 10,283
    PS BUSINESS PARKS INC 5.200% PFD SER Y 9,142 9,523
    PS BUSINESS PARKS INC 5.250% PFD 4,349 4,462
    PT TELEKOMUNIKASI INDONESIA TB - ADR 183,886 239,225
    PUBLIC STORAGE 4.000% PFD 5,258 5,281
    PUBLIC STORAGE 4.000% PFD 5,307 5,319
    PUBLIC STORAGE 4.625% PFD 4,831 5,249
    PUBLIC STORAGE 4.750% PFD SER K 5,100 5,163
    PUBLIC STORAGE 4.875% PFD SER I 9,588 10,161
    PUBLIC STORAGE 5.050% PFD SER G 7,353 7,493
    PUBLIC STORAGE 5.150% PFD SER F 9,068 9,322
    PUBLIC STORAGE 5.600% PFD SER H 4,470 4,838
    RBC BEARINGS INC 130,044 322,142
    REGIONS FINANCIAL CORP 4.450% PFD 10,466 10,668
    REGIONS FINANCIAL CORP 5.700% PFD SER C 4,580 5,231
    REGIONS FINANCIAL CORP 6.375% PFD SER B 14,088 14,860
    RENAISSANCERE HOLDINGS COM 1,897,203 2,082,759
    RENAISSANCERE HOLDINGS L 4.200% PFD 5,350 5,311
    RENAISSANCERE HOLDINGS L 5.750% PFD SER F 8,646 9,131
    RIGHTMOVE PLC-UNSP ADR 297,366 559,937
    RIO TINTO PLC - ADR 244,522 309,397
    RLI CORP COM 157,538 253,346
    ROCHE HOLDINGS LTD - ADR 324,822 549,413
    ROSS STORES INC 1,245,177 1,229,653
    ROYAL DUTCH SHELL PLC ADR 262,779 215,276
    SAP SE ADR 427,403 506,778
    SBA COMMUNICATIONS CORP 453,424 1,935,375
    SCHNEIDER ELECTRIC SE. 292,771 578,230
    SGS SA ADR 134,914 182,628
    SHIONOGI & CO LTD-UNSPON 237,883 286,597
    SIGNATURE BANK 1,133,857 1,188,752
    SIMPSON MFG INC COM 323,240 604,815
    SONOVA HOLDIN-UNSPON ADR 110,687 231,948
    SOUTHERN CO PFD 5,279 5,532
    SPDR S & P 500 ETF TRUST 1,202,987 3,343,243
    STANLEY BLACK & DECKER,INC. 670,221 650,362
    STATE STREET CORP 978,417 1,025,232
    STATE STREET CORP 5.350% PFD SER G 4,382 5,121
    STATE STREET CORP 5.900 PFD SER D 12,231 12,317
    STIFEL FINANCIAL CORP 5.200% PFD 4,387 4,564
    STIFEL FINANCIAL CORP 6.125% PFD SER C 9,531 10,147
    SVB FINANCIAL GROUP 5.250% PFD SER A 9,916 10,157
    SYMRISE AG ADR 192,163 317,023
    SYNOVUS FINANCIAL CORP 5.875% PFD SER E 4,624 4,914
    SYSCO CORP 970,483 927,440
    SYSMEX CORP-UNSPON ADR 250,667 349,829
    TAIWAN SEMICONDUCTOR MANUFACTU - ADR 232,589 676,142
    TELEDYNE TECHNOLOGIES INC 62,566 314,998
    TENCENT HOLDINGS LTD-UNS 471,221 539,916
    THERMO FISHER SCIENTIFIC INC 725,513 822,707
    TORO CO 284,029 417,224
    TRANSUNION 1,742,240 2,297,488
    TRUIST FINANCIAL CORP 4.750% PFD SER R 14,959 15,715
    TRUIST FINANCIAL CORP 5.250% PFD 9,433 10,501
    UNI CHARM CORPORATION ADR 273,681 361,827
    UNILEVER PLC - ADR 244,827 241,248
    UNILEVER PLC - ADR 588,656 582,331
    UNITED PARCEL SERVICE-CL B 841,231 966,673
    UNITEDHEALTH GROUP INC 1,180,619 1,454,197
    US BANCORP SER B 2,457 2,805
    US BANCORP 1,221,730 1,121,771
    US BANCORP 3.750% PFD SER L 10,018 9,704
    US BANCORP 4.000% PFD 15,578 15,882
    US BANCORP 5.500% PFD SER K 4,298 4,614
    US BANCORP 6.500% PFD SER F 36,899 32,600
    VANGUARD 500 INDEX FD- AD 18,292,899 71,419,130
    VANGUARD FTSE DEVELOPED MARKETS ETF 30,267,406 35,847,439
    VORNADO REALTY TRUST 5.250% PFD SER N 12,380 13,113
    VORNADO REALTY TRUST 5.250% PFD SER M 8,698 8,946
    VOYA FINANCIAL INC 5.350% PFD SER B 4,606 5,404
    WASTE CONNECTIONS INC 1,494,248 2,275,709
    WATTS WATER TECHNOLOGIES INC 265,712 530,667
    WEBSTER FINANCIAL CORP 5.250% PFD SER F 4,456 4,612
    XP INC - CLASS A 150,527 178,112
    YANDEX NV 63,319 137,214

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    US Government Securities - End of Year Book Value:

    16,776,453
    US Government Securities - End of Year Fair Market Value:

    16,984,063
    State & Local Government Securities - End of Year Book Value:


    1,355,000
    State & Local Government Securities - End of Year Fair Market Value:


    1,348,953


    TY 2021 InvestmentsOtherSchedule2
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACL ALTERNATIVE FUND AT COST 4,040,433 4,800,066
    APOLLO NATURAL RESOURCES PARTNERS II AT COST 1,176,363 1,176,363
    ARROWMARK GLOBAL OPP FD III CL B LTD AT COST 3,078,613 3,078,613
    ARROWMARK GLOBAL OPP II CLASS B LTD AT COST 1,818,018 1,818,018
    BAKER COMMUNICATIONS FUND II LP AT COST 631,889 631,889
    BLUE VISTA RE PARTNERS IV (TE) LP AT COST 2,350,674 2,350,674
    BLUE VISTA RE PARTNERS V (TE) AT COST 930,520 930,520
    CERBERUS GLBL NPL FEEDER FUND AT COST 1,359,038 1,359,038
    CIP VI INSTITUTIONAL FEEDER LP AT COST 3,690,559 3,690,559
    DBL PARTNERS III LP AT COST 4,713,917 4,713,917
    DBL PARTNERS IV AT COST 618,711 618,711
    DRA GROWTH & INCOME FD VII LLC AT COST 415,546 415,546
    DRA GROWTH AND INCOME FUND VIII LLC AT COST 1,783,232 1,783,232
    EIG ENERGY FUND XV LP AT COST 313,276 313,276
    ENERGY CAP MEZZANINE OPPORT FD B AT COST 468,421 468,421
    EUROPEAN BUY-OUT OPP II, LP AT COST 129,698 129,698
    EUROPEAN STRATEGIC PTNRS II 'B' AT COST 13,549 13,549
    EXCELSIOR CAPITAL ASIA IV LP AT COST 447,711 447,711
    FLEXICAT REINSURANCE PARTNERS LP AT COST 219,170 292,455
    FRANCISCO PARTNERS IV-A AT COST 4,660,447 4,660,447
    FRANCISCO PARTNERS V-B LP AT COST 2,622,815 2,622,815
    FRANCISCO PARTNERS VI-B LP AT COST 817,735 817,735
    FRAZIER HLTHCARE GROWTH BUYOUT IX PV AT COST 2,249,352 2,249,352
    GLOBAL TIMBER INVESTORS 10 AT COST 1,243,342 1,243,342
    GUIDEPOST GROWTH EQUITY I LP AT COST 13,133 13,133
    HARBERT EUROPEAN RE FD V (SCOTLAND) AT COST 732,701 732,701
    HIG BAYSIDE LOAN OPP FEEDER FD VI LP AT COST 638,004 638,004
    INDUSTRY VENTURES PRTN HLDG VI LP AT COST 84,015 84,015
    INDUSTRY VENTURES PRTNRS HLDGS V AT COST 3,874,031 3,874,031
    INDUSTRY VENTURES TECH BUYOUT AT COST 2,364,330 2,364,330
    INST VENTURE PARTNERS XVII LP AT COST 650,321 650,321
    INSTITUTIONAL VENTURE PARTNERS XIV AT COST 1,930,849 1,930,849
    INSTITUTIONAL VENTURE PARTNERS XV LP AT COST 5,551,426 5,551,426
    INSTITUTIONAL VENTURE PRTNRS XVI AT COST 4,775,311 4,775,311
    INVESCO BALANCED-RISK COMMODITY STRATEFY FUND AT COST 18,247,845 19,080,318
    KINDERHOOK CAPITAL FUND II LP AT COST 133,125 133,125
    KINDERHOOK CAPITAL FUND LP AT COST 1 1
    KSL CAPITAL PARTNERS V TE AT COST 1,519,294 1,519,294
    LONE STAR FUND VIII (US) LP AT COST 405,587 405,587
    LYME FOREST FD IV TE LP AT COST 2,976,145 2,976,145
    LYME FOREST FUND V FB TAX-EXEMPT LP AT COST 3,158,515 3,158,515
    MERCED PARTNERS IV LP AT COST 412,638 412,638
    METROPOLITAN RE PTNRS INT'L II AT COST 105,976 105,976
    MILL CITY FUND LP AT COST 85,415 85,415
    MINERVA NETWORKS INC SER AD PREF*CH* AT COST 57,442 47,028
    MINERVA NETWORKS INC SER AV PREF*CH* AT COST 16,034 24,051
    NEWFOUNDLAND TERRANOVA FUND AT COST 2,500,000 2,080,143
    NGP NATURAL RESOURCES X, LP AT COST 236,364 236,364
    NGP NATURAL RESOURCES XI LP AT COST 2,888,410 2,888,410
    NORTH BRIDGE VENTURE PTNRS IV AT COST 148,209 148,209
    NORTH BRIDGE VENTURE PTNRS IV- A AT COST 75,915 75,915
    NORTH BRIDGE VENTURE PTNRS V AT COST 603,332 603,332
    NORTH BRIDGE VENTURE PTNRS V-A AT COST 90,966 90,966
    NORTH BRIDGE VENTURE PTNRS VI AT COST 782,830 782,830
    NORTH BRIDGE VENTURE PTNRS VII AT COST 1,095,166 1,095,166
    NORTH ROCK FUND LTD AT COST 4,000,000 5,211,615
    NORTHERN SHIPPING III OFFSHORE AT COST 417,987 417,987
    NORTHSTAR MEZZANINE PTNRS V AT COST 209,156 209,156
    OAKTREE MEZZANINE FUND III LP AT COST 2,883 2,883
    OCM ASIA PRINCIPAL OPP FUND, LP AT COST 4,219 4,219
    ORBIMED ASIA PARTNERS III LP AT COST 3,507,749 3,507,749
    ORBIMED ASIA PARTNERS IV AT COST 1,513,961 1,513,961
    PORT ADV SECONDARY FD IV (OFFSHORE) AT COST 1,529,694 1,529,694
    PORTFOLIO ADV SECONDARY II OFFSHORE AT COST 419,355 419,355
    PORTFOLIO ADV SECONDARY III OFFSHORE AT COST 3,036,991 3,036,991
    PORTFOLIO ADVISORS PRIV EQ III AT COST 196,833 196,833
    PORTFOLIO ADVISORS SECONDARY FD AT COST 146,697 146,697
    PRIME FINANCE SHORT DUR VI AT COST 1,034,757 1,034,757
    RESOURCE CAPITAL FUND VII LP AT COST 2,037,823 2,037,823
    ROSE GROVE OFFSHORE FD I LTD AT COST 4,000,000 4,790,752
    SPF SECURITIZED PRODUCTS FUND LTD AT COST 4,500,000 5,382,378
    SPRUCEGROVE DELAWARE TRUST INTERNATIONAL INVESTMENT FUND AT COST 7,114,817 17,281,891
    STERLING INVESTMENT PARTNERS III LP AT COST 1,597,396 1,597,396
    STERLING INVESTMENT PARTNERS IV AT COST 148,718 148,718
    STRATEGIC PARTNERS FD OFFSHORE VIII AT COST 2,211,676 2,211,676
    STRATEGIC PARTNERS OFFSHORE FD VII AT COST 2,838,412 2,838,412
    STRATEGIC VALUE RESTRUCTURING LTD AT COST 4,000,000 5,225,475
    TCV V LP AT COST 63,810 63,810
    TCV VI LP AT COST 1,258 10,299
    TCV VII LP AT COST 130,329 130,329
    THE LYME FOREST FD III, LP TAX-EXEMPT AT COST 699,103 699,103
    THOMAS, MCNERNEY & PTNRS AT COST 172,547 172,547
    THOMAS, MCNERNEY & PTNRS II AT COST 100,843 100,843
    TIG ARBITRAGE ENHANCED LTD SER 2 AT COST 4,000,000 5,048,543
    TOOLE CO., MONTANA, UNK RI AT COST 1 2,961
    TRAILHEAD FUND, LP AT COST 317,233 317,233
    US VENTURE PARTNERS VII AT COST 1 1
    US VENTURE PARTNERS IX LP AT COST 93,152 93,152
    US VENTURE PARTNERS X, LP AT COST 456,356 456,356
    VARDE EUROPEAN REAL ESTATE FEEDER FD AT COST 487,155 487,155
    VCFA PRIV EQ PTNRS IV AT COST 32,541 32,541
    VCFA VENTURE PTNRS V AT COST 34,378 34,378
    WCP REAL ESTATE FUND III LP AT COST 1,246,134 1,246,134
    WGI EMERGING MARKETS FUND LLC AT COST 6,062,541 12,294,033

    TY 2021 LegalFeesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 202,139 0   202,139


    TY 2021 OtherExpensesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR INVESTMENT FEES 14,240 14,240   0
    MISCELLANEOUS EXPENSES 726 37,703   0
    MN AG FILING FEE 25 0   25
    INSURANCE 37,655 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EURO SPOT -229 -229 -229
    OTHER INCOME 573 0 573
    ROYALTY INCOME - SOMONT 683 0 683
    PARTNERSHIP INCOME - UBI   268,820  
    PARTNERSHIP INCOME   1,763,301  
    REFUND OF INVESTMENT MANAGEMENT FEES- STERLING   14,456  
    STATE TAX REFUNDS 6,654   6,654
    TAX RECLAIMS 4,595   4,595


    TY 2021 OtherIncreasesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Description Amount
    CARRYING VALUE ADJUSTMENTS 20,868,489


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - REINHART 102,444 102,444   0
    INVESTMENT MANAGEMENT FEES - TIMES SQUARE CAPITAL 300,449 300,449   0
    INVESTMENT MANAGEMENT FEES - KAYNE ANDERSON RUDNIK 40,483 40,483   0
    INVESTMENT MANAGEMENT FEES - PRINCIPAL GLOBAL INVESTORS 7,396 7,396   0
    INVESTMENT MANAGEMENT FEES - WGI EMERGING MARKETS 142,823 142,823   0
    INVESTMENT MANAGEMENT FEES - SPRUCEGROVE 99,570 99,570   0
    CONSULTANT FEES - DEMARCHE 73,328 73,328   0
    INVESTMENT MANAGEMENT FEES - HARDING LOEVNER LP 70,614 70,614   0
    INVESTMENT MANAGEMENT FEES - COHO PARNTER LTP 2,204 2,204   0


    TY 2021 TaxesSchedule
    Name:
    C K BLANDIN RESIDUARY TRUST
     
    C/O WELLS FARGO BANK NA
    EIN:
    41-6012374
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 51,245 280,509   0
    FEDERAL AND STATE TAXES 714,000 0   0