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
Spell Family Foundation co William Spell
 
% WILLIAM SPELL
Number and street (or P.O. box number if mail is not delivered to street address)7201 Metro Blvd Suite 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55439
A Employer identification number

41-1788155
B Telephone number (see instructions)

(612) 371-9650
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$6,986,520J 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) 996,360
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 103,012 103,012  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,848,101
b Gross sales price for all assets on line 6a 5,158,443
7 Capital gain net income (from Part IV, line 2)... 1,848,099
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 245,056 235,348  
12 Total. Add lines 1 through 11........ 3,192,529 2,186,459  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,878 2,878 0 0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest............... 3,653 3,653    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 11,829 1,829    
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 7,562 7,423    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,922 15,783 0 0
25 Contributions, gifts, grants paid....... 290,300 290,300
26 Total expenses and disbursements. Add lines 24 and 25 316,222 15,783 0 290,300
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,876,307
b Net investment income (if negative, enter -0-) 2,170,676
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......... 44,377 310,060 310,060
3 Accounts receivable bullet1,000
Less: allowance for doubtful accounts bullet     1,000 1,000
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,800    
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment2,021,791 2,021,791
b Investments—corporate stock (attach schedule)....... 3,141,147 Click to see attachment3,222,580 3,544,222
c Investments—corporate bonds (attach schedule)....... 548,746 Click to see attachment476,723 474,268
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 654,573 Click to see attachment415,735 635,179
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) 4,392,643 6,447,889 6,986,520
Liabilities 17 Accounts payable and accrued expenses.......... 178 296
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment13,249
23 Total liabilities (add lines 17 through 22)......... 178 13,545
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,392,465 6,433,654
29 Total net assets or fund balances (see instructions)..... 4,392,465 6,433,654
30 Total liabilities and net assets/fund balances (see instructions). 4,392,643 6,447,199
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
4,392,465
2
Enter amount from Part I, line 27a .....................
2
2,876,307
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,268,772
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
835,118
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,433,654
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 AT&T   2010-02-19 2021-09-24
b AT&T   2014-03-10 2021-09-21
c CALUMET   2018-03-28 2021-03-03
d COSTCO   2014-04-28 2021-09-24
e FORD MOTOR   2020-03-12 2021-03-18
ISHARES   2015-03-12 2021-03-03
JOHNSON & JOHNSON   2014-04-10 2021-09-24
KENNAMETAL   2020-03-09 2021-03-18
KIMBERLY CLARK   1989-07-04 2021-09-24
MICROCHIP TECHNOLOGY   1989-07-04 2021-09-24
OLD NATIONAL   2018-01-09 2021-03-03
PACKAGING CORP OF AMERICA   2006-12-20 2021-09-24
US BANCORP   2020-03-09 2021-03-18
DAIMLER AG MERCEDES BENZ GROUP   2018-03-23 2021-03-03
BLACKROCK   2021-11-30 2021-12-03
MERCADOLIBRE INC   2021-12-03 2021-12-09
SCHWAB US TIPS ETF   2021-11-12 2021-12-14
BLACKROCK   2020-12-01 2021-11-12
COSTCO   2020-12-28 2021-11-17
INTEL CORP   2021-01-22 2021-11-12
ISHARES   2021-03-03 2021-11-12
LORD ABBETT   2020-12-01 2021-11-12
PACIFIC PREMIER BANCORP INC   2021-08-02 2021-11-15
BLACKROCK SHORT OBLIGATIONS   2020-11-02 2021-11-12
COLGATE   2006-06-05 2021-11-12
COLGATE   2007-01-11 2021-11-12
COSTCO   2014-04-28 2021-11-17
ENBRIDGE   2018-12-20 2021-11-12
ENERGY TRANSFER   2008-11-12 2021-11-12
INTEL CORP   2008-11-12 2021-11-12
ISHARES   2015-03-12 2021-11-12
ISHARES PREFERRED   2014-04-10 2021-11-12
ISHARES PREFERRED   2015-03-12 2021-11-12
KIMBERLY CLARK   1989-07-04 2021-11-12
KIMBERLY CLARK   2007-01-11 2021-11-12
KIMBERLY CLARK   2014-04-21 2021-11-12
LORD ABBETT   2020-11-02 2021-11-12
PACKAGING CORP OF AMERICA   2006-12-20 2021-11-12
PACKAGING CORP OF AMERICA   2014-04-28 2021-11-12
PACKAGING CORP OF AMERICA   2016-01-25 2021-11-12
PROCTER GAMBLE CO   2007-01-11 2021-11-12
SUBURBAN PROPANE PARTNERS LP   2020-03-12 2021-11-12
3M CO   1989-07-04 2021-12-01
3M CO   2006-07-11 2021-12-01
WASTE MANAGEMENT   2014-04-21 2021-11-12
(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 40,712   37,916 2,796
b 40,712   48,722 -8,010
c 16,739   7,473 9,266
d 302,888   25,207 277,681
e 212,844   92,142 120,702
179,904   164,948 14,956
81,991   48,879 33,112
127,529   64,578 62,951
66,423   32,245 34,178
329,893   45,528 284,365
56,755   36,390 20,365
71,340   11,156 60,184
113,519   73,516 40,003
41,362   40,945 417
1   1  
16,986   17,264 -278
293,381   300,141 -6,760
301   302 -1
92,348   64,467 27,881
37,845   42,977 -5,132
178,595   181,022 -2,427
963   965 -2
65,720   56,710 9,010
396,569   396,275 294
39,059   14,990 24,069
117,176   49,729 67,447
105,540   23,026 82,514
98,297   76,045 22,252
30,244   26,094 4,150
52,982   15,593 37,389
129,887   126,493 3,394
97,237   97,780 -543
155,579   159,525 -3,946
93,947   41,108 52,839
134,209   66,559 67,650
40,263   31,843 8,420
265,907   266,182 -275
27,048   4,462 22,586
162,287   80,052 82,235
67,619   25,338 42,281
102,429   45,119 57,310
147,036   201,606 -54,570
129,708   52,446 77,262
108,090   45,610 62,480
276,550   70,975 205,575
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       2,796
b       -8,010
c       9,266
d       277,681
e       120,702
      14,956
      33,112
      62,951
      34,178
      284,365
      20,365
      60,184
      40,003
      417
       
      -278
      -6,760
      -1
      27,881
      -5,132
      -2,427
      -2
      9,010
      294
      24,069
      67,447
      82,514
      22,252
      4,150
      37,389
      3,394
      -543
      -3,946
      52,839
      67,650
      8,420
      -275
      22,586
      82,235
      42,281
      57,310
      -54,570
      77,262
      62,480
      205,575
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 1,848,099
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  
3 Add lines 1 and 2........................... 3 30,172
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 30,172
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 13,013
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 27,500
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,513
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10,341
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet10,341 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? Click to see attachment....................
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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 changesClick to see attachment....
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.Click to see attachment
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 addressbullet  
    14
    The books are in care ofbulletWILLIAM SPELL Telephone no.bullet (612) 371-9650

    Located atbullet7201 METRO BLVD SUITE 850MINNEAPOLISMN ZIP+4bullet55439
    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
    WILLIAM SPELL PRESIDENT/CEO
    0     		0 0 0
    4706 WHITE OAKS ROAD
    EDINA,MN55424
    DIANNE SPELL SECRETARY
    0     		0 0 0
    4706 WHITE OAKS ROAD
    EDINA,MN55424
    HARRY SPELL II DIRECTOR/CFO
    0     		0 0 0
    5320 Elmridge Circle
    Shorewood,MN55331
    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
     
    Total number of other employees paid over $50,000...................bullet  
    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
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 NONE  
    2 NONE  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    4,626,994
    b
    Average of monthly cash balances.......................
    1b
    790,592
    c
    Fair market value of all other assets (see instructions)................
    1c
    732,202
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,149,788
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,149,788
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    92,247
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    6,057,541
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    302,877
    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
    302,877
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    30,172
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,172
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    272,705
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    272,705
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    272,705
    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 7 272,705
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 153,428
    b From 2017...... 79,761
    c From 2018......  
    d From 2019...... 85,635
    e From 2020......  
    f Total of lines 3a through e ........ 318,824
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 290,300
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 272,705
    e Remaining amount distributed out of corpus 17,595
    5 Excess distributions carryover applied to 2021.    
    (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 5 336,419
    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......     		 
    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) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		153,428
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		182,991
    10 Analysis of line 9:
    a Excess from 2017.... 79,761
    b Excess from 2018....  
    c Excess from 2019.... 85,635
    d Excess from 2020....  
    e Excess from 2021.... 17,595
    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).)
    WILLIAM SPELL
    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.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    WILLIAM SPELL
    7201 Metro Blvd Suite 850
    MINNEAPOLIS,MN55439
    (612) 371-9650
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER REQUESTING FUNDS SHOULD CONTAIN NATURE OF GIFT AND INFORMATION ON THE ORGANIZATION.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    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
    ST MARYS GREEK ORTHODOX CHURCH
    3450 IRVING AVE SOUTH
    Minneapolis,MN55408     		  PC ANNUAL FUND 72,500
    JUVENILE DIABETES FOUNDATION
    2431 LORIEN
    Minnetonka,MN55305     		  PC CHILDREN'S HEALTHCARE 250
    GREEK ORTHODOX ARCHDIOCESE OF AMERICA
    8 EAST 79TH STREET
    NEW YORK,NY10075     		  PC General 30,000
    ORDER OF ST ANDREW THE APOSTLE
    8 E 79TH STREET
    NEW YORK,NY10075     		  PC MINISTRY - KULIS FOUNDATON 29,000
    EDINA COMMUNITY FOUNDATION
    5280 GRANDVIEW SQUARE
    EDINA,MN55436     		  PC NEIGHBORHOOD FUND 3,300
    PRINCE'S TRUST INTERNATIONAL
    9 Eldon Street
      LondonEC2M 7LS
    UK     		  PC Youth Leadership 40,000
    CENTER OF THE AMERICAN EXPERIMENT
    8441 WAYZATA BLVD SUITE 350
    GOLDEN VALLEY,MN55426     		  PC EDUCATION 25,000
    COLD SPRING DANCE COMPANY
    82 CREST ROAD
    COLD SPRING,MN10516     		  PC PERFORMING ARTS 5,000
    Greek Orthodox Metropolis of Chicago
    555 E Butterfield Rd Ste 201
    Lombard,IL60148     		  PC General Operations 1,500
    Faithtree Resources
    PO Box 803114
    Santa Clarita,CA91380     		  PC General Operations 30,000
    The Pastor's Study
    PO Box 41294
    Minneapolis,MN55441     		  PC General Operations 5,000
    Ecumenical Patriarch Bartholomew Foundation Inc
    8 East 79th Street
    New York,NY10075     		  PC General Operations 25,000
    Greek Orthodox Ladies Philoptochos Society Inc
    126 East 37th Street
    New York,NY10016     		  PC Children's Medical Lunch Fund 250
    Archbishop Iakovos Leadership 100 Endowment Fund
    645 5th Ave
    Room 403
    New York,NY10022     		  PC General Operations 10,000
    The 30 Days Foundation
    8014 Olson Memorial Hwy
    Golden Valley,MN55427     		  PC General Operations 500
    Dormition of the Virgin Mary Greek Orthodox Church
    111 St Andrews Rd
    Southampton,NY11968     		  PC General Operations 10,000
    Friends of Madagascar Mission
    PO Box 46381
    Eden Prairie,MN55344     		  PC General Operations for Missions 3,000
    Total .................................bullet 3a 290,300
    bApproved for future payment
    Total .................................bullet 3b  
    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 1,848,101  
    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) .. 9,708 2,186,461  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,196,169
    (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
    Spell Family Foundation co William Spell
     
    Employer identification number

    41-1788155
    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
    Spell Family Foundation co William Spell
          		Employer identification number
    41-1788155
    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
    WILLIAM SPELL
    4706 WHITE OAKS ROAD
     
    EDINA, MN55424

    		$ 300,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    WILLIAM SPELL
    4706 WHITE OAKS ROAD
     
    EDINA, MN55424

    		$ 696,360


    (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.)
    (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
    Spell Family Foundation co William Spell
          		Employer identification number

    41-1788155
    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
    2
    		 2,000 SHS FEDEX CORP 1,000 SHS 3M CO $ 696,360 2021-12-30
    (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
    Spell Family Foundation co William Spell
          		Employer identification number

    41-1788155
    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 AllOthProgRltdInvestmentsSch
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Category Amount
    NONE  

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

    TY 2021 DepreciationSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Name of Bond End of Year Book Value End of Year Fair Market Value
    DOUBLELINE TOTAL RETURN BD I 476,723 474,268

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MICROCHIP 29,050 174,120
    3M 178,380 177,630
    INTEL CORP 22,797 61,800
    PROCTER & GAMBLE 25,783 65,432
    JOHNSON AND JOHNSON 215,825 290,819
    VERIZON 5,856 51,960
    AMPHENOL CORP 20,163 21,428
    CITI 24M 60,000 60,522
    CITI 24M 60,000 60,000
    COLUMBIA DIVIDEND INC FUND 150,389 151,250
    COSTCO 50,766 71,530
    FED EX 517,980 517,280
    LAM RESEARCH CORP 17,454 18,698
    LULULEMON ATHLETICA INC 10,842 9,395
    MSCI INC 15,202 14,705
    NIKE INC 18,361 18,000
    OLD DOMINION FREIGHT LINE INC 23,195 23,295
    SERVICENOW INC 18,655 18,824
    SHERWIN WILLIAMS CO 26,082 27,468
    STRYKER CORP 25,866 27,812
    T ROWE PRICE GROWTH STOCK 150,000 141,718
    THERMO FISHER SCIENTIFIC INC 24,128 25,355
    VISA INC COM 15,209 16,687
    CHURCH AND DWIGHT CO INC 12,974 14,555
    CONGRESS MID CAP GROWTH INS 150,000 142,650
    ENTEGRIS INC 13,883 12,749
    EXACT SCIENCES CORP 64,602 54,481
    FAIR ISAAC CORPORATION 7,621 9,107
    FIRST REPUBLIC BANK SAN FRAN 21,178 20,651
    FLOOR DECOR HOLDINGS INC 13,833 13,781
    GRACO INC 14,384 15,398
    HEICO CORPORATION 10,886 10,796
    METTLER TOLEDO INTERNATIONAL 16,844 18,669
    REPLIGEN CORP 11,886 11,388
    WEST PHARMACEUTICAL SVCS INC 23,042 24,389
    AMERICAN CENTURY SMALL CAP 30,000 27,297
    COLUMBIA SMALL CAP GROWTH INST 50,000 45,354
    ADYEN NV UNSPON 14,324 13,660
    AIA GROUP LTD 9,463 9,033
    ALCON INC 9,001 9,757
    ATLAS COPCO AB SPONS 14,301 15,872
    CSL LIMITED 8,115 7,829
    EVOLUTION AB 9,636 11,294
    FERRARI NV 12,029 11,906
    HARDING LOEVNER INTERNATIONAL 50,000 50,996
    LVMH MOET HENNESSY 21,371 22,177
    NU HLDGS LTD ORD SHS 3,487 3,208
    ORANGE SPON ADR 89,071 79,125
    PERNOD RICARD SA 14,535 15,029
    SHOPIFY INC 27,687 24,793
    TAIWAN SEMICONDUCTOR 18,427 18,528
    VANGUARD INTERNATIONAL GROWTH 50,000 44,854
    WUXI BIOLOGICS CAYMAN 12,411 10,712
    BARON EMBERGING MARKETS INST 100,000 100,832
    CAUSEWAY EMERGING MARKETS INST 44,000 36,060
    HEDGED EQUITY    
    AMERICAN CENTURY REAL ESTATE 50,000 47,943
    EQUINIX INC 60,629 65,976
    LOOMIS SAYLES 480,977 477,645

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    US Government Securities - End of Year Book Value:

    2,021,791
    US Government Securities - End of Year Fair Market Value:

    2,021,791
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENT 1 FMV 0 0
    INVESTMENT 2 FMV 31,603 58,600
    INVESTMENT 3 FMV 95,714 164,600
    INVESTMENT 4 FMV 0 58,105
    INVESTMENT 5 FMV 230,177 295,633
    OTHER INVESTMENTS FMV 58,241 58,241

    TY 2021 LegalFeesSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,878 2,878    


    TY 2021 OtherDecreasesSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Description Amount
    DONATED STOCK ADJUSTMENT (SALE) 835,118


    TY 2021 OtherExpensesSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL AND ADMINISTRATIVE 3,702 3,563    
    PORTFOLIO DEDUCTIONS K1 3,860 3,860    


    TY 2021 OtherIncomeSchedule2
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASS THROUGH INCOME 198,301 188,593  
    Capital Gain Distributions 46,755 46,755  


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Description Beginning of Year - Book Value End of Year - Book Value
    HEDGED EQUITY - BOOK VALUE RECLASS 0 11,063
    INVESTMENT 4 - BOOK VALUE RECLASS 0 2,186


    TY 2021 TaxesSchedule
    Name:
    Spell Family Foundation co William Spell
    EIN:
    41-1788155
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 1,829 1,829    
    EXCISE TAX 10,000