Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 03-01-2020 , and ending 02-28-2021
Name of foundation
DRISCOLL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)30 E 7TH STREET SUITE 2000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN551014930
A Employer identification number

41-6012065
B Telephone number (see instructions)

(651) 228-0935
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$34,048,497J 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) 240,197
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 572,298 528,723  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,265,217
b Gross sales price for all assets on line 6a 19,072,702
7 Capital gain net income (from Part IV, line 2)... 3,593,049
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 93,523 344,267  
12 Total. Add lines 1 through 11........ 3,171,235 4,466,039  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,112 0   4,112
b Accounting fees (attach schedule)....... Click to see attachment 125,571 16,747   107,324
c Other professional fees (attach schedule).... Click to see attachment 4,450 0   4,450
17 Interest...............   3,349    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 74,361 64,552   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 12 172,072   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 208,506 256,720   115,886
25 Contributions, gifts, grants paid....... 9,392,126 9,392,126
26 Total expenses and disbursements. Add lines 24 and 25 9,600,632 256,720   9,508,012
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,429,397
b Net investment income (if negative, enter -0-) 4,209,319
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet450,000
Less: allowance for doubtful accounts bullet   1,000,000 450,000 450,000
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,853,400 Click to see attachment15,548,278 20,651,333
c Investments—corporate bonds (attach schedule)....... 6,540,774 Click to see attachment4,834,594 4,930,960
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,078,177 Click to see attachment6,745,352 8,771,048
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment-754,844 Click to see attachment-754,844
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 33,472,351 26,823,380 34,048,497
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........ 33,472,351 26,823,380
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)..... 33,472,351 26,823,380
30 Total liabilities and net assets/fund balances (see instructions). 33,472,351 26,823,380
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
33,472,351
2
Enter amount from Part I, line 27a .....................
2
-6,429,397
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
27,042,954
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
219,574
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
26,823,380
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b WASH SALES P    
c LONG TERM DISTRIBUTION P    
d NON-MARKETABLE GAIN/LOSS P    
e AVISTONE INDUSTRIAL PROPERTY FUND I - SEC. 1231 P    
SIT OPPORTUNITY BOND FUND - STCG P    
SIT OPPORTUNITY BOND FUND - LTCG P    
SIT OPPORTUNITY BOND FUND - GAIN ON PARTNERSHIP DISPOSITION P    
SPELL CAPITAL MEZZANINE -STCL P    
SPELL CAPITAL MEZZANINE -LTCL P    
SPELL CAPITAL MEZZANINE - SEC. 1231 GAIN P    
SPELL CAPITAL MEZZANINE II - SEC. 1231 GAIN P    
SONEN GLOBAL - STCG P    
SONEN GLOBAL - LTCG P    
CPOF III - STCL P    
CPOF III - LTCG P    
CPOF III - SEC. 1231 LOSS P    
CPOF III - SEC. 1256 LOSS P    
CPOF IV - STCG P    
CPOV IV - LTCG P    
CPOF IV - SEC 1231 GAIN P    
CPOF IV - SEC. 1256 LOSS P    
CPOF V - STCL P    
CPOF V - LTCG P    
CPOF V - SEC. 1231 GAIN P    
CPOF V - SEC. 1256 GAIN P    
COF - STCG P    
COF - LTCL P    
CPOF VI - STCG P    
CPOF VI - LTCG P    
CPOF VI - SEC. 1231 LOSS P    
HARVEST MLP INCOME FUND - STCL P    
HARVEST MLP INCOME FUND - LTCL P    
HARVEST MLP INCOME FUND - SEC. 1231 LOSS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 14,690,607   12,942,979 1,747,628
b 12,784     12,784
c 272,080     272,080
d 2,203,615   2,203,615 0
e 1,474,216     1,474,216
27,783     27,783
23,489     23,489
28,316     28,316
    5 -5
    33,862 -33,862
273     273
    60 -60
31,003     31,003
61,243     61,243
    207 -207
23,143     23,143
    60 -60
    9 -9
1,257     1,257
49,051     49,051
39     39
    310 -310
    26,834 -26,834
162,923     162,923
1,365     1,365
21     21
1,780     1,780
    83,547 -83,547
1,452     1,452
6,262     6,262
    28 -28
    36,541 -36,541
    150,800 -150,800
    796 -796
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       1,747,628
b       12,784
c       272,080
d       0
e       1,474,216
      27,783
      23,489
      28,316
      -5
      -33,862
      273
      -60
      31,003
      61,243
      -207
      23,143
      -60
      -9
      1,257
      49,051
      39
      -310
      -26,834
      162,923
      1,365
      21
      1,780
      -83,547
      1,452
      6,262
      -28
      -36,541
      -150,800
      -796
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 3,593,049
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 58,510
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 58,510
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 58,510
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 43,411
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,100
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 93,511
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 190
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 34,811
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet34,811 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletFIDUCIARY COUNSELLING INC Telephone no.bullet (651) 228-0935

    Located atbullet30 E 7TH STREET SUITE 2000ST PAULMN ZIP+4bullet551014930
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ELIZABETH S DRISCOLL DIRECTOR
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    JEFF RTOLZIN SECRETARY/TREASURER
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    JOHN B DRISCOLL DIRECTOR
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    MARGARET L DRISCOLL DIRECTOR
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    WILLIAM L DRISCOLL DIRECTOR
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    ELIZABETH D HLAVKA PRESIDENT/DIRECTOR
    1.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    W JOHN DRISCOLL DECEASED FORMER PRESIDENT/DIRECTOR
    0.00     		0 0 0
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    FIDUCIARY COUNSELLING INC ACCOUNTING & TAX 125,461
    30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NOT APPLICABLE 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    27,784,521
    b
    Average of monthly cash balances.......................
    1b
    0
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,812,724
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,597,245
    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
    37,597,245
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    563,959
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,033,286
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,851,664
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,851,664
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    58,510
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    58,510
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,793,154
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,793,154
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,793,154
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    9,508,012
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,508,012
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,508,012
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,793,154
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,777,709
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,508,012
    a Applied to 2019, but not more than line 2a 1,777,709
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 1,793,154
    e Remaining amount distributed out of corpus 5,937,149
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,937,149
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		5,937,149
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 5,937,149
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    ELIZABETH S DRISCOLL
    ELIZABETH D HLAVKA
    W JOHN DRISCOLL DECEASED
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGROS INTERNATIONAL
    2225 4TH AVE FL 2
    SEATTLE,WA981212000     		NONE PC NICARAGUA PROJECTS 5,000
    AMERICAN ACADEMY OF FAMILY PHYSICIANS FOUNDATION
    11400 TOMAHAWK CREEK PARKWAY
    LEAWOOD,KS662112680     		NONE PC RESEARCH 5,000
    AMERICAN ENDOWMENT FOUNDATION
    5700 DARROW ROAD SUITE
    HUDSON,OH44236     		NONE PC THE DRISCOLL FAMILY FUND 8,050,000
    AMERICAN UNIVERSITY IN CAIRO
    200 PARK AVENUE SUITE 1700
    NEW YORK,NY101660005     		NONE PC THE ANNUAL FUND 5,000
    ANNIE WRIGHT SCHOOL
    827 N TACOMA AVE
    TACOMA,WA984032832     		NONE PC THE POOL AND UPPER BOYS' SCHOOL BUILDING AND GALA SUPPORT 127,912
    BATES COLLEGE
    2 ANDREWS ROAD
    LEWISTON,ME042400000     		NONE PC THE ANNUAL FUND 1,000
    BENNINGTON COLLEGE
    TR 67A 1 COLLEGE DRIVE
    BENNINGTON,VT052010000     		NONE PC THE LIAM RECTOR SCHOLARSHIP FUND 5,000
    CAMARGO FOUNDATION
    400 SIBLEY ST
    SAINT PAUL,MN551011941     		NONE PC BOARD-DESIGNATED FUND FOR PROPERTY 10,000
    CAMERON AND HAYDEN LORD FOUNDATION
    110 RIVERSIDE DR APT 12C
    NEW YORK,NY100243733     		NONE PC UNRESTRICTED SUPPORT IN HONOR OF CAMERON AND HAYDEN AND THEIR AMAZING FAMILIES 5,000
    CAMP KOOCH I CHING
    3515 MICHIGAN AVE
    CINCINNATI,OH452081409     		NONE PC SCHOLARSHIPS FOR CAMP KOOCH I CHING 2,500
    CARLETON COLLEGE
    1 N COLLEGE ST
    NORTHFIELD,MN550574001     		NONE PC THE AREA OF GREATEST NEED 10,000
    CHATHAM HALL
    800 CHATHAM HALL CIR
    CHATHAM,VA245313084     		NONE PC THE ANNUAL FUND 1,000
    CHILDREN'S HOME & FAMILY SERVICES
    2485 COMO AVE
    SAINT PAUL,MN551081445     		NONE PC THE ANNUAL FUND 1,000
    CHILDREN'S MUSEUM OF TACOMA
    1501 PACIFIC AVE STE 202
    TACOMA,WA984023317     		NONE PC GENERAL OPERATING SUPPORT IN HONOR OF LISA HOFFMAN'S LEADERSHIP 5,000
    CITIZENS UNITED FOR RESEARCH IN EPILEPSY (CURE)
    420 N WABASH AVENUE SUITE 650
    CHICAGO,IL60611     		NONE PC OPERATING EXPENSES 10,000
    COLORADO COLLEGE
    14 EAST CACHE LA POUDRE STREET
    COLORADO SPRINGS,CO809033243     		NONE PC THE AREA OF GREATEST NEED 5,000
    COLORADO PUBLIC RADIO
    7409 S ALTON CT
    CENTENNIAL,CO801122301     		NONE PC GENERAL OPERATING SUPPORT 10,000
    COLORADO SHAKESPEARE FESTIVAL GUILD
    277 UCB
    BOULDER,CO80309     		NONE PC GENERAL OPERATING SUPPORT 5,000
    COLORADO VINCENTIAN VOLUNTEERS
    1732 N PEARL ST
    DENVER,CO802031422     		NONE PC GENERAL OPERATING SUPPORT 2,500
    COMMUNITY FOUNDATION OF THE SAN LUIS VALLEY
    610 STATE AVENUE
    ALAMOSA,CO811012687     		NONE PC GENERAL OPERATING SUPPORT 10,000
    COMMUNITY RESOURCE CENTER
    789 N SHERMAN ST STE 210
    DENVER,CO802033530     		NONE PC GENERAL OPERATING SUPPORT 5,000
    COURAGEOUS PARENTS NETWORK
    21 ROCHESTER RD
    NEWTON,MA024582517     		NONE PC GENERAL OPERATING SUPPORT 5,000
    DARROW SCHOOL
    110 DARROW RD
    NEW LEBANON,NY121252608     		NONE PC TENNIS COURTS 25,000
    DAVIS PHINNEY FOUNDATION
    357 S MCCASLIN BLVD SUITE 105
    LOUISVILLE,CO80027     		NONE PC THE ANNUAL FUND 5,000
    DAWSON SCHOOL
    10455 DAWSON DRIVE
    LAFAYETTE,CO80026     		NONE PC THE ANNUAL FUND 10,000
    DENVER ART MUSEUM
    100 W 14TH AVENUE PKWY PO BOX 17765
    DENVER,CO802042713     		NONE PC GENERAL OPERATING SUPPORT 12,500
    DENVER HEALTH FOUNDATION
    655 N BROADWAY STE 750
    DENVER,CO802033462     		NONE PC RESTRICTED TO THE RESEARCH PROJECT OF DR. ROBERT D. KEELEY, MD, MSPH, ENTITLED MOTIVATION INTERVIEWS ADAPTED FOR DEPRESSION TREATMENT IN PRIMARY CARE 15,000
    DOCTORS WITHOUT BORDERS USA INC
    40 RECTOR ST 16TH FL
    NEW YORK,NY100061751     		NONE PC UNRESTRICTED SUPPORT 10,000
    DODGE NATURE CENTER
    365 MARIE AVE W
    WEST ST PAUL,MN551183848     		NONE PC THE CAPITAL CAMPAIGN AND IS A 5-YEAR PLEDGE OF $250,000 50,000
    DODGE NATURE CENTER
    365 MARIE AVE W
    WEST ST PAUL,MN551183848     		NONE PC THE ANNUAL FUND 5,000
    ECO-CYCLE
    1901 63RD ST
    BOULDER,CO803012953     		NONE PC GENERAL OPERATING SUPPORT 5,000
    EMPOWERED LIFE CHURCH
    322 S PACIFIC HIGHWAY
    TALENT,OR97540     		NONE PC GENERAL OPERATING SUPPORT WITH A MATCH FROM THE JOHN W. DRISCOLL BRANCH 50,000
    FAMILY PARTNERSHIP
    414 S 8TH ST
    MINNEAPOLIS,MN554041025     		NONE PC THE CAPITAL CAMPAIGN AND IS A 3-YEAR PLEDGE OF $100,000 50,000
    FRIENDS OF THE MISSISSIPPI RIVER
    101 5TH ST E STE 2000
    SAINT PAUL,MN551011131     		NONE PC OPERATING EXPENSES 10,000
    FRIENDS OF THE ST PAUL PUBLIC LIBRARY
    1080 MONTREAL AVE STE 2
    SAINT PAUL,MN551162692     		NONE PC THE ANNUAL FUND 5,000
    GREAT RIVER GREENING
    251 STARKEY ST STE 2200
    SAINT PAUL,MN551071874     		NONE PC OPERATING EXPENSES 10,000
    GREATER TWIN CITIES UNITED WAY
    404 S EIGHTH ST
    MINNEAPOLIS,MN554041027     		NONE PC THE ANNUAL FUND 25,000
    HEADWATERS RELIEF ORGANIZATION
    9400 GOLDEN VALLEY ROAD
    GOLDEN VALLEY,MN55427     		NONE PC HAITI 5,000
    HEALTH STORY COLLABORATIVE
    105 COOLIDGE HL
    CAMBRIDGE,MA021385501     		NONE PC GENERAL OPERATING SUPPORT 1,500
    HOTCHKISS SCHOOL
    11 INTERLAKEN RD
    LAKEVILLE,CT060392141     		NONE PC GENERAL OPERATING SUPPORT 2,500
    HOUSE OF HOPE PRESBYTERIAN CHURCH
    797 SUMMIT AVENUE
    ST PAUL,MN55105     		NONE PC THE ANNUAL FUND 5,000
    INTERNATIONAL INSTITUTE OF MINNESOTA
    1694 COMO AVE
    SAINT PAUL,MN551082710     		NONE PC THE CAPITAL CAMPAIGN 25,000
    IPODERAC'S CHILDREN FUND
    PO BOX 371042
    DENVER,CO802375042     		NONE PC GENERAL OPERATING SUPPORT 2,500
    LEGACY OF THE LAKES MUSEUM
    PO BOX 1216
    ALEXANDRIA,MN56308     		NONE PC THE BOATHOUSE CHAIRS 10,413
    MACALESTER COLLEGE
    1600 GRAND AVE
    SAINT PAUL,MN551051801     		NONE PC THE ANNUAL FUND 1,000
    MENTAL HEALTH ASSOCIATION OF COLORADO
    1120 N LINCOLN ST STE 1606
    DENVER,CO802032141     		NONE PC GENERAL OPERATING SUPPORT 10,000
    MINNEAPOLIS COLLEGE OF ART & DESIGN
    2501 STEVENS AVE
    MINNEAPOLIS,MN554044347     		NONE PC THE ANNUAL FUND 1,000
    MINNEAPOLIS INSTITUTE OF ARTS
    2400 3RD AVE S
    MINNEAPOLIS,MN554043506     		NONE PC THE ANNUAL FUND 5,000
    MINNESOTA AFRICAN AMERICAN HERITAGE MUSEUM AND GALLERY
    PO BOX 19344
    MINNEAPOLIS,MN554190344     		NONE PC GENERAL OPERATING SUPPORT IN HONOR JEFF AND JACK RAINEY 7,500
    MINNESOTA CENTER FOR BOOK ARTS
    1011 WASHINGTON AVE S STE 100
    MINNEAPOLIS,MN554151279     		NONE PC OPERATING EXPENSES 5,000
    MINNESOTA CHILDREN'S MUSEUM
    10 7TH ST W
    SAINT PAUL,MN551022453     		NONE PC THE ANNUAL FUND 1,000
    MINNESOTA HISTORICAL SOCIETY
    345 KELLOGG BLVD W
    SAINT PAUL,MN551021903     		NONE PC NORTH STAR HERITAGE FUND 5,000
    MINNESOTA HISTORICAL SOCIETY
    345 KELLOGG BLVD W
    SAINT PAUL,MN551021903     		NONE PC PATRICK COLEMAN ENDOWED CHAIR AND IS A 4-YEAR PLEDGE OF $100,000 25,000
    MINNESOTA HISTORICAL SOCIETY
    345 KELLOGG BLVD W
    SAINT PAUL,MN551021903     		NONE PC FORT SNELLING PROGRAMS 67,000
    MINNESOTA LAND TRUST
    2356 UNIVERSITY AVE W SUITE 240
    SAINT PAUL,MN55114     		NONE PC THE CAPITAL CAMPAIGN - NORTH SHORE OF LAKE SUPERIOR 50,000
    MINNESOTA LANDSCAPE ARBORETUM FOUNDATION
    3675 ARBORETUM DR
    CHASKA,MN553189613     		NONE PC SLADE PERENNIAL GARDEN 5,000
    MINNESOTA MUSEUM OF AMERICAN ART
    350 ROBERT STREET NORTH
    SAINT PAUL,MN551011512     		NONE PC OPERATING FUNDS 10,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR ST
    SAINT PAUL,MN551012217     		NONE PC THE BOARD ANNUAL CAMPAIGN ($5,000), THE GENERAL CAPITAL CAMPAIGN ($25,000) AND TO THE EARLY CHILDHOOD INITIATIVE ($25,000) 65,000
    MINNESOTA PUBLIC RADIO
    480 CEDAR ST
    SAINT PAUL,MN551012217     		NONE PC HORIZON FUND AT THE GLEN NELSON CENTER IN HONOR OF LIBBY HLAVKA'S LEADERSHIP 15,000
    MINNESOTANS' MILITARY APPRECIATION FUND
    PO BOX 2070
    MINNEAPOLIS,MN554020070     		NONE PC THE ANNUAL FUND 5,000
    NATIONAL FOUNDATION FOR ECTODERMAL DYSPLASIAS
    6 EXECUTIVE DR STE 2
    FAIRVIEW HTS,IL622081360     		NONE PC GENERAL OPERATING SUPPORT IN HONOR OF THE KEENE FAMILY 3,000
    NATURE CONSERVANCY INC
    4245 NORTH FAIRFAX DRIVE STE 100
    ARLINGTON,VA22203     		NONE PC THE CAPITAL CAMPAIGN 25,000
    NEIGHBORHOOD DEVELOPMENT ALLIANCE
    481 WABASHA ST S
    SAINT PAUL,MN551071142     		NONE PC CDFI LOAN LOSS RESERVE 20,000
    NEIGHBORHOOD HOUSE
    179 ROBIE ST E
    SAINT PAUL,MN551072360     		NONE PC THE ANNUAL FUND 5,000
    OAKLAND CEMETERY ASSOCIATION
    927 JACKSON STREET
    SAINT PAUL,MN551175076     		NONE PC THE ANNUAL FUND 5,000
    PASADO'S SAFE HAVEN
    PO BOX 171
    SULTAN,WA982940171     		NONE PC GENERAL OPERATING SUPPORT 10,000
    PRESBYTERIAN HOMES FOUNDATION
    2845 NORTH HAMLINE AVENUE
    ROSEVILLE,MN551137127     		NONE PC THE ANNUAL FUND 1,000
    SAVORY INSTITUTE
    885 ARAPAHOE AVE
    BOULDER,CO803026011     		NONE PC CARBON DRAWDOWN/REGENERATIVE AG 5,000
    SCIENCE MUSEUM OF MINNESOTA
    120 KELLOGG BLVD W
    SAINT PAUL,MN551021202     		NONE PC THE ANNUAL FUND 5,000
    SOMEPLACE SAFE
    PO BOX 815
    FERGUS FALLS,MN565380815     		NONE PC GENERAL OPERATING SUPPORT 5,000
    ST PAUL ACADEMY AND SUMMIT SCHOOL
    1712 RANDOLPH AVE
    SAINT PAUL,MN551052159     		NONE PC THE CAPITAL CAMPAIGN - MATH AND SCIENCE CENTER AND IS A 5-YEAR PLEDGE OF $250,000 50,000
    ST PAUL ACADEMY AND SUMMIT SCHOOL
    1712 RANDOLPH AVE
    SAINT PAUL,MN551052159     		NONE PC THE ANNUAL FUND 12,651
    ST PAUL ACADEMY AND SUMMIT SCHOOL
    1712 RANDOLPH AVE
    SAINT PAUL,MN551052159     		NONE PC THE CAPITAL CAMPAIGN 80,000
    STANFORD BUSINESS SCHOOL
    STANFORD UNIVERSITY GIFT PROCESSING
    P O BOX 20466
    STANFORD,CA94309     		NONE PC THE GRADUATE SCHOOL OF BUSINESS 2,000
    STANFORD UNIVERSITY
    DEVELOPMENT SERVICES PO BOX 20466
    STANFORD,CA94309     		NONE PC GENERAL OPERATING SUPPORT 2,500
    STANFORD UNIVERSITY
    DEVELOPMENT SERVICES PO BOX 20466
    STANFORD,CA94309     		NONE PC THE SCHOOL OF ENGINEERING 1,000
    STANFORD UNIVERSITY
    DEVELOPMENT SERVICES PO BOX 20466
    STANFORD,CA94309     		NONE PC THE SCHOOL OF MEDICINE 1,000
    SUGARLOAF THE NORTH SHORE STEWARDSHIP ASSOCIATION
    6008 LONDON RD
    DULUTH,MN558042523     		NONE PC THE ANNUAL FUND 1,000
    TACOMA ART MUSEUM
    1701 PACIFIC AVE
    TACOMA,WA984023214     		NONE PC GENERAL OPERATING SUPPORT IN HONOR OF BILL DRISCOLL AND LISA HOFFMAN 5,000
    THE BRIDGE FOR YOUTH
    1111 W 22ND ST
    MINNEAPOLIS,MN554052705     		NONE PC OPERATING EXPENSES 10,000
    THE DENVER FOUNDATION
    1009 GRANT STREET
    DENVER,CO802032900     		NONE PC THE BASCH FUND 31,150
    THINK SMALL
    10 YORKTON CT
    SAINT PAUL,MN551171065     		NONE PC THE ANNUAL FUND 1,000
    UNITED NEGRO COLLEGE FUND INC
    1805 7TH STREET NW
    WASHINGTON,DC200013186     		NONE PC THE ANNUAL FUND 3,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    PO BOX 860266
    MINNEAPOLIS,MN554552010     		NONE PC THE CHARLES F. BUGNUM FAMILY SCHOLARSHIP 10,000
    UNIVERSITY OF WASHINGTON FOUNDATION
    BOX 358432 1000 COMMERCE STREET
    TACOMA,WA98402     		NONE PC CHANCELLOR'S STUDENT OPPORTUNITY FUND AND IS THE 5TH PAYMENT ON A 5-YEAR PLEDGE OF 20,000
    VASSAR COLLEGE
    124 RAYMOND AVE BOX 12
    POUGHKEEPSIE,NY126040001     		NONE PC THE ANNUAL FUND 1,000
    VOLUNTEERS OF AMERICA
    2660 LARIMER
    DENVER,CO80205     		NONE PC GENERAL OPERATING IN CONTINUED APPRECIATION OF JIM WHITE AND DIANNA KUNZ 10,000
    WALKER ART CENTER
    725 VINELAND PL
    MINNEAPOLIS,MN554031139     		NONE PC THE ANNUAL FUND 1,000
    WILDERNESS INQUIRY INC
    1611 COUNTY RD B WEST SUITE 315
    ST PAUL,MN55113     		NONE PC GENERAL OPERATING SUPPORT 100,000
    WILDERNESS INQUIRY INC
    1600 GRAND AVE
    ST PAUL,MN55113     		NONE PC GENERAL OPERATING SUPPORT IN HONOR OF JACK AND KIRSTEN DRISCOLL 5,000
    WOLF RIDGE ENVIRONMENTAL LEARNING CENTER
    6282 CRANBERRY RD
    FINLAND,MN556039727     		NONE PC THE CAPITAL CAMPAIGN - LAKE SUPERIOR BUILDING 50,000
    YALE UNIVERSITY
    OFFICE OF DEVELOPMENT CONTRIBUTION
    PROCESSING PO BOX 2038
    NEW HAVEN,CT065212038     		NONE PC THE ANNUAL FUND 3,000
    YALE UNIVERSITY
    OFFICE OF DEVELOPMENT CONTRIBUTION
    PROCESSING PO BOX 2038
    NEW HAVEN,CT065212038     		NONE PC THE ANNUAL FUND 2,500
    YMCA OF THE GREATER TWIN CITIES
    651 NICOLLET MALL SUITE 500
    MINNEAPOLIS,MN55402     		NONE PC CAMP WARREN 2,500
    Total .................................bullet 3a 9,392,126
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 572,298  
    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.....     01 93,511  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,265,217  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSECTION 965(A) INCOME INCLUSION     		        12
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,931,026 12
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,931,038
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11A SOFTWARE INCLUSION
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    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
    2020
    Name of the organization
    DRISCOLL FOUNDATION
     
    Employer identification number

    41-6012065
    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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    DRISCOLL FOUNDATION
          		Employer identification number
    41-6012065
    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
    LINCOLN STREET FUND
     
    30 E 7TH STREET SUITE 2000
     
    ST PAUL, MN551014930

    		$ 20,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    1995 REV TRUST OF ELIZABETH S DRISCOLL
     
    30 E 7TH STREET SUITE 2000
     
    ST PAUL, MN551014930

    		$ 200,148


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    JOHN B DRISCOLL REVOCABLE TRUST
     
    30 E 7TH STREET SUITE 2000
     
    ST PAUL, MN551014930

    		$ 20,049


    (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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    DRISCOLL FOUNDATION
          		Employer identification number

    41-6012065
    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
    		 2,043 SHARES GENERAL MILLS INC $ 120,016 2020-12-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 459 SHARES 3M COMPANY $ 80,132 2020-12-21
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    3
    		 468 SHARES POTLATCHDELTIC STOCK $ 20,049 2020-11-04
    (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, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    DRISCOLL FOUNDATION
          		Employer identification number

    41-6012065
    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, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX SERVICE 125,461 16,692   107,269
    AUDIT FEES 110 55   55

    TY 2020 AllOthProgRltdInvestmentsSch
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category Amount
    NONE 0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GUGGENHEIM TOTAL RETURN BOND FD INSTL 1,546,836 1,633,577
    PERFORMANCE TRUST STRATEGIC BOND FD 1,654,857 1,645,667
    PIMCO INCOME FUND INSTITUTIONAL FUND 1,632,901 1,651,716

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AQR EMERGING MULTI STYLE FUND CL R6 411,179 630,233
    CLEARWATER INTERNATIONAL FUND 2,152,021 2,689,372
    FIDELITY CASH RESERVES 280,185 280,185
    PIMCO ALL ASSET INST CLASS 1,556,821 1,756,148
    POTLATCHDELTIC 1,953 89,726
    SONEN GLOBAL PUBLIC EQUITY FD 999,434 1,447,318
    THIRD AVENUE REAL ESTATE VALUE FD 769,124 1,124,046
    VANGUARD PRIMECAP CORE FD 487,521 1,194,710
    WEYERHAEUSER CO 311,457 1,528,350
    WILLIAM BLAIR MACRO ALLOCATION FD 1,892,156 1,736,115
    TORTOISE MLP AND PIPELINE FD 755,500 740,229
    VANGUARD 500 INDEX FD ADM SHS 1,619,035 1,656,304
    VANGUARD SELECTED VALUE FD 809,035 884,314
    CLEARWATER SELECT EQUITY FUND 1,696,605 2,865,911
    VANGUARD EMERGING MKTS STK INDEX INSTL 452,632 547,756
    WCM FOCUSED EMERGING MARKETS FUND INSTL 301,585 378,774
    VANGUARD REIT INDEX FD ADM 1,052,035 1,101,842

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CLEARWATER OPPORTUNITY FUND AT COST 1,042,714 1,078,674
    CLEARWATER OPPORTUNITY FUND VI AT COST 690,000 722,121
    CLEARWATER PRIVATE OPP FD IV AT COST 120,000 379,709
    CLEARWATER PRIVATE OPP FD V AT COST 1,700,000 2,646,891
    HARVEST MLP INCOME FUND LLC AT COST 745,547 763,154
    LONE STAR GROWTH CAPITAL LP AT COST 775,385 346,759
    SPELL MEZZANINE PARTNERS SBIC II LP AT COST 945,000 1,186,277
    SPELL MEZZANINE PARTNERS SBIC LP AT COST 121,706 870,470
    CLEARWATER PRIVATE OPP FD III AT COST 0 175,363
    CLEARWATER PRIVATE OPP FD VII AT COST 105,000 101,630
    SAINT PAUL PROPERTIES FUND VII, LLC AT COST 500,000 500,000

    TY 2020 LegalFeesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,112 0   4,112


    TY 2020 OtherAssetsSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE 0 679 679
    DUE TO/DUE FROM 0 -755,523 -755,523


    TY 2020 OtherDecreasesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Description Amount
    PRIOR PERIOD ADJUSTMENTS 1,299
    NON TAXABLE DIFFERENCE BETWEEN COST & FMV OF CONTRIBUTIONS TO FOUNDATION 218,275


    TY 2020 OtherExpensesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CLEARWATER OPPORTUNITY FUND #82-2233098 0 0   0
    OTHER DEDUCTIONS 0 8,498   0
    CLEARWATER PRIVATE OPP FD III #26-2251284 0 0   0
    ROYALTY DEDUCTIONS 0 5   0
    SEC. 59(E)(2) 0 346   0
    OTHER PORTFOLIO DEDUCTIONS 0 63   0
    OTHER DEDUCTIONS 0 4,577   0
    SEC. 965C 0 2   0
    CLEARWATER PRIVATE OPP FD IV #45-2978316 0 0   0
    SEC. 179 0 4   0
    ROYALTY DEDUCTIONS 0 11   0
    SEC. 59(E)(2) 0 640   0
    OTHER PORTFOLIO DEDUCTIONS 0 95   0
    OTHER DEDUCTIONS 0 7,705   0
    SEC. 965C 0 1   0
    CLEARWATER PRIVATE OPP FD V #46-5036194 0 0   0
    ROYALTY DEDUCTIONS 0 689   0
    SEC. 59(E)(2) 0 13,296   0
    OTHER PORTFOLIO DEDUCTIONS 0 11   0
    SECTION 743B NEGATIVE ADJUSTMENTS 0 213   0
    OTHER DEDUCTIONS 0 47,267   0
    SEC. 965C 0 3   0
    CLEARWATER PRIVATE OPP FUND VI #82-2245537 0 0   0
    ROYALTY DEDUCTIONS 0 7   0
    SEC. 59(E)(2) 0 51   0
    PORTFOLIO DEDUCTIONS 0 3   0
    SECTION 743B NEGATIVE ADJUSTMENTS 0 600   0
    OTHER DEDUCTIONS 0 36,858   0
    LONE STAR GROWTH CAPITAL LP #41-2192242 0 0   0
    OTHER PORTFOLIO DEDUCTIONS 0 184   0
    OTHER DEDUCTIONS 0 5,030   0
    SIT OPPORTUNITY BOND FUND #41-1966452 0 0   0
    OTHER DEDUCTIONS 0 5,854   0
    SPELL MEZZANINE PARTNERS #37-1661465 0 0   0
    SEC. 179 0 401   0
    OTHER DEDUCTIONS 0 573   0
    HARVEST MLP INCOME FUND #27-2968896 0 0   0
    OTHER DEDUCTIONS 0 5,660   0
    SPELL CAPITAL MEZZANINE PARTNERS II #35-2600658 0 0   0
    SEC. 179 0 191   0
    OTHER DEDUCTIONS 0 828   0
    SONEN GLOBAL PACIFIC EQUITY FUND #61-1699924 0 0   0
    OTHER DEDUCTIONS 0 30,275   0
    CLEARWATER PRIVATE OPP FUND VII #84-5014159 0 0   0
    OTHER DEDUCTIONS 0 2,131   0
    SECTION 965 OFFSET 12 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 58,750 0 58,750
    2019 UBTI TAX REFUND 8,500 0 8,500
    2019 EXCISE TAX REFUND 26,261 0 26,261
    CLEARWATER OPPORTUNITY FUND #82-2233098   0  
    INTEREST   86  
    DIVIDENDS   20,318  
    OTHER PORTFOLIO INCOME (LOSS)   4,589  
    OTHER INCOME   1,633  
    CLEARWATER PRIVATE OPP FUND III #26-2251284   0  
    ORDINARY INCOME   955  
    RENTAL INCOME   -181  
    PORTFOLIO INTEREST   1,220  
    DIVIDENDS   7,793  
    ROYALTIES   21  
    OTHER PORTFOLIO INCOME/LOSS   196  
    CANCELLATION OF DEBT INCOME   512  
    SEC. 965A   6  
    SUBPART F INCOME   6  
    OTHER INCOME   -179  
    LESS: UBTI INCOME   -1,266  
    CLEARWATER PRIVATE OPP FUND IV #45-2978316   0  
    ORDINARY INCOME (LOSS)   -868  
    OTHER NET RENTAL INCOME   60  
    PORTFOLIO INTEREST   1,550  
    DIVIDENDS   2,149  
    ROYALTIES   39  
    OTHER PORTFOLIO INCOME (LOSS)   -86  
    CANCELLATION OF DEBT INCOME   603  
    SEC. 965A   2  
    SUBPART F INCOME   4  
    OTHER INCOME   707  
    PLUS: UBTI LOSS   -14,812  
    CLEARWATER PRIVATE OPP FUND V #XXX-XX-XXXX   0  
    ORDINARY INCOME   -11,559  
    RENTAL INCOME   191  
    OTHER NET RENTAL INCOME   48  
    INTEREST   6,802  
    DIVIDENDS   23,979  
    ROYALTIES   1,862  
    OTHER PORTFOLIO INCOME (LOSS)   -3,393  
    CANCELLATION OF DEBT INCOME   5,710  
    SEC. 965A   4  
    SUBPART F INCOME   11  
    OTHER INCOME   55  
    PLUS: UBTI LOSS   7,722  
    CLEARWATER PRIVATE OPP FUND VI #82-2245537   0  
    ORDINARY INCOME (LOSS)   -3,705  
    OTHER NET RENTAL INCOME   21  
    INTEREST   657  
    DIVIDENDS   2,942  
    ROYALTIES   518  
    OTHER INCOME (LOSS)   -11  
    PLUS: UBTI LOSS   6,380  
    SPELL CAPITAL MEZZANINE PARTNERS   0  
    ORDINARY INCOME   13,367  
    PORTFOLIO INTEREST   763  
    DIVIDENDS   16  
    OTHER PORTFOLIO INCOME (LOSS)   -1,378  
    LESS: UBTI GAIN   -12,214  
    LONE STAR GROWTH CAPITAL LP #41-2192242   0  
    ORDINARY INCOME (LOSS)   -7,573  
    PLUS: UBTI LOSS   4,718  
    PORTFOLIO INTEREST   12,131  
    SIT OPPORTUNITY BOND FUND, LLC   0  
    PORTFOLIO INTEREST   989  
    PORTFOLIO DIVIDENDS   70,608  
    HARVEST MLP INCOME FUND   0  
    ORDINARY INCOME (LOSS)   78,300  
    RENTAL INCOME   29  
    INTEREST   190  
    DIVIDENDS   11,936  
    OTHER PORTFOLIO INCOME (LOSS)   4  
    CANCELLATION OF DEBT INCOME   12  
    OTHER INCOME   48  
    LESS: UBTI INCOME   -77,504  
    SPELL CAPITAL MEZZANINE PARTNERS II   0  
    ORDINARY INCOME   219,350  
    INTEREST   19  
    PLUS: UBTI LOSS   10,324  
    SONEN GLOBAL PACIFIC EQUITY FUND   0  
    INTEREST   114  
    DIVIDENDS   13,831  
    OTHER PORTFOLIO LOSS   -141  
    CLEARWATER PRIVATE OPP FUND VII #84-5014159   0  
    ORDINARY INCOME   -40  
    PLUS: UBTI LOSS   40  
    SAINT PAUL PROPERTIES FUND VII LLC   0  
    NET RENTAL REAL ESTATE INCOME (LOSS)   -56,975  
    SECTION 965(A) INCOME INCLUSION 12 12 12


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN COUNCIL ON FOUNDATIONS 4,450 0   4,450


    TY 2020 SubstantialContributorsSch
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Name Address
    1994 CHARITABLE REMAINDER ANNUITY TR OF RWD JR
          		30 E 7TH STREET SUITE 2000
    ST PAUL,MN551014930


    TY 2020 TaxesSchedule
    Name:
    DRISCOLL FOUNDATION
    EIN:
    41-6012065
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX PAYMENTS 65,861 0   0
    FEDERAL UBTI TAX PAYMENTS 8,500 0   0
    FOREIGN TAXES WITHHELD 0 9,989   0
    CLEARWATER OPPORTUNITY FUND 0 2,737   0
    FOREIGN TAXES THRU CPOF III 0 211   0
    FOREIGN TAXES THRU CPOF IV 0 54   0
    FOREIGN TAXES THRU CPOF V 0 206   0
    FOREIGN TAXES THRU HARVEST MLP INCOME FUND 0 1,582   0
    FOREIGN TAXES THRU SONEN GLOBAL 0 1,295   0
    STATE TAX WITHHOLDING THRU PARTNERSHIPS 0 48,478   0