Form990-PF
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
JA & KATHRYN ALBERTSON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)501 BAYBROOK COURT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOISE, ID83706
A Employer identification number

82-6012000
B Telephone number (see instructions)

(208) 424-2600
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$887,943,592J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 17,251,791 17,251,791  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 49,164,630
b Gross sales price for all assets on line 6a 198,922,140
7 Capital gain net income (from Part IV, line 2)... 49,164,630
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,664,212 27,302  
12 Total. Add lines 1 through 11........ 74,080,633 66,443,723  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 935,335 190,961   744,374
14 Other employee salaries and wages...... 937,053 191,842   745,211
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 26,761     26,761
b Accounting fees (attach schedule)....... Click to see attachment 7,365 1,508   5,857
c Other professional fees (attach schedule)....        
17 Interest............... 157,803 157,803    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,544,011 644,655   75,846
19 Depreciation (attach schedule) and depletion... Click to see attachment 213,218    
20 Occupancy.............. 137,994 28,252   109,742
21 Travel, conferences, and meetings....... 2,062 226   1,836
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 6,250,914 5,983,155   267,759
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,212,516 7,198,402   1,977,386
25 Contributions, gifts, grants paid....... 27,459,985 25,459,985
26 Total expenses and disbursements. Add lines 24 and 25 37,672,501 7,198,402   27,437,371
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 36,408,132
b Net investment income (if negative, enter -0-) 59,245,321
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......... 859,056 3,257,688 3,257,688
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 110,458 74,033 74,033
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 509,337,471 Click to see attachment538,258,014 880,848,166
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet6,607,414
Less: accumulated depreciation (attach schedule) bullet4,688,806 2,122,223 Click to see attachment1,918,608 1,918,608
15 Other assets (describe bullet) Click to see attachment-5,365,784 Click to see attachment1,845,097 Click to see attachment1,845,097
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 507,063,424 545,353,440 887,943,592
Liabilities 17 Accounts payable and accrued expenses.......... 81 33
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 attachment10,817,666 Click to see attachment12,776,802
23 Total liabilities (add lines 17 through 22)......... 10,817,747 12,776,835
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........ 4 4
27 Paid-in or capital surplus, or land, bldg., and equipment fund 3,041,961 3,041,961
28 Retained earnings, accumulated income, endowment, or other funds 493,203,712 529,534,640
29 Total net assets or fund balances (see instructions)..... 496,245,677 532,576,605
30 Total liabilities and net assets/fund balances (see instructions). 507,063,424 545,353,440
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
496,245,677
2
Enter amount from Part I, line 27a .....................
2
36,408,132
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
532,653,809
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
77,204
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
532,576,605
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 Managed Securities-No Trust Norad P 2021-01-01 2021-01-31
b Managed Securities-No Trust Norad P 2000-01-01 2021-01-31
c Managed Securities-No Trust Fairview Cap P 2021-01-01 2021-01-31
d Managed Securities-No Trust Fairview Cap P 2000-01-01 2021-01-31
e Managed Securities-Cheniere Energy P 2000-01-01 2021-01-31
Managed Securities-No Trust Mitchell P 2000-01-01 2021-01-31
Managed Securities-No Trust Luther King P 2000-01-01 2021-01-31
Managed Securities-No Trust Silchester P 2001-01-01 2021-01-01
Managed Securities-No Trust Silchester P 2000-01-01 2021-01-31
Managed Securities-No Trust CT Cap P 2021-01-01 2021-01-31
Managed Securities-No Trust CT Cap P 2000-01-01 2021-01-31
Managed Securities-No Trust Eagle Cap P 2021-01-01 2021-01-31
Managed Securities-No Trust Eagle Cap P 2000-01-01 2021-01-31
Managed Securities-No Trust Rachlin MLP P 2021-01-01 2021-01-31
Managed Securities-No Trust Rachlin MLP P 2000-01-01 2021-01-31
Managed Securities-No Trust Rachlin MLP P 2021-01-01 2021-01-31
Managed Securities-No Trust Rachlin MLP P 2000-01-01 2021-01-31
Managed Securities-No Trust Rachlin MLP P 2000-01-01 2021-01-31
Managed Securities No Trust Parametric E P 2021-01-01 2021-01-31
Managed Securities No Trust Parametric E P 2000-01-01 2021-01-31
Managed Securities No Trusr Schroder Glo P 2021-01-01 2021-01-31
Managed Securities No Trusr Schroder Glo P 2000-01-01 2021-01-31
Managed Securities-G/S Core HQ P 2021-01-01 2021-01-31
Managed Securities-G/S Core HQ P 2000-01-01 2021-01-31
Managed Securities G/S Alpha IV Port P 2021-01-01 2021-01-31
Managed Securities G/S Alpha IV Port P 2000-01-01 2021-01-31
Managed Securities G/S-Alpha Adv Artisan P 2021-01-01 2021-01-31
Managed Securities G/S-Alpha Adv Artisan P 2000-01-01 2021-01-31
Managed Securities G/S Intl Eq Blair P 2021-01-01 2021-01-31
Managed Securities G/S Intl Eq Blair P 2000-01-01 2021-01-31
Managed Securities G/S-SSM LC P 2021-01-01 2021-01-31
Managed Securities G/S-SSM LC P 2000-01-01 2021-01-31
Managed Securities-G/S Tactical Advisory P 2021-01-01 2021-01-31
Managed Securities-G/S Tactical Advisory P 2000-01-01 2021-01-31
Managed Securities G/S Alternative II P 2000-01-01 2021-01-31
Managed Securities G/S-DSM LCG P 2021-01-01 2021-01-31
Managed Securities G/S-DSM LCG P 2000-01-01 2021-01-31
Managed Securities G/S Uncov US Equity P 2021-01-01 2021-01-31
Managed Securities G/S Columbia P 2021-01-01 2021-01-31
Managed Securities Fidelity/Lyrical P 2021-01-01 2021-01-31
Managed Securities Fidelity/Lyrical P 2000-01-01 2021-01-31
Managed Securities Fidelity/Tieton P 2001-01-01 2021-01-31
Managed Securities Fidelity/Tieton P 2000-01-01 2021-01-31
Managed Securities Rock Access P 2021-01-01 2021-01-31
Managed Securities Rock Access P 2000-01-01 2021-01-31
Managed Securities Rock Access P 2000-01-01 2021-01-31
Managed Securities Cedar Rock P 2021-01-01 2021-01-31
Managed Securities Cedar Rock P 2000-01-01 2021-01-31
Managed Securities K.A. Energy IV P 2000-01-01 2021-01-31
Managed Securities K.A. Energy V P 2000-01-01 2021-01-31
Managed Securities K.A. Energy V P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VI P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VI P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VIII P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VIII P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VII P 2021-01-01 2021-01-31
Managed Securities K.A. Energy VII P 2000-01-01 2021-01-31
Managed Securities K.A. Energy VII P 2000-01-01 2021-01-31
Managed Securities KKR 2006 Overseas P 2000-01-01 2021-01-31
Managed Securities KKR 2006 Fund P 2000-01-01 2021-01-31
Managed Securities KKR 2006 Allstar P 2000-01-01 2021-01-31
Managed Securities Pape VIII P 2021-01-01 2021-01-31
Managed Securities Pape VIII P 2000-01-01 2021-01-31
Managed Securities Pape VIII P 2000-01-01 2021-01-31
Managed Securites Casillas P 2000-01-01 2021-01-31
Managed Securities WGI P 2021-01-01 2021-01-31
Managed Securities WGI P 2000-01-01 2021-01-31
Managed Securities Bot Capital Partnesrs P 2021-01-01 2021-01-31
Managed Securities Bot Capital Partnesrs P 2000-01-01 2021-01-31
Sec 1256-ST P 2021-01-01 2021-01-31
Sec 1256-LT P 2000-01-01 2021-01-31
Capital Gain Dividends      
(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 16,465,732   16,439,608 26,124
b 10,048,107   9,947,802 100,305
c 1,818,574   2,243,664 -425,090
d 4,553,247   2,139,643 2,413,604
e     914 -914
8,183,556   9,427,751 -1,244,195
6,335,447   1,386,312 4,949,135
163,735     163,735
749,791     749,791
7,390,886   5,956,426 1,434,460
6,570,067   3,552,969 3,017,098
465,118   221,449 243,669
10,032,446   6,261,536 3,770,910
6,086,932   4,850,214 1,236,718
22,119,553   17,267,230 4,852,323
229     229
4,168     4,168
1,231     -1,231
563,367   511,137 52,230
3,020,111   1,650,366 1,369,745
21,724,936   21,726,733 -1,797
4,780,789   4,604,288 176,501
12,327,394   12,359,009 -31,615
15,771,338   15,087,219 684,119
1,299,739     1,299,739
2,544,149     2,544,149
119,938     119,938
339,273     339,273
48,015     48,015
254,195     254,195
1,292,387   925,496 366,891
1,993,244   1,107,453 885,791
564,985   564,198 787
5,033,260   3,679,206 1,354,054
46,713     46,713
580,015   467,083 112,932
1,151,274   859,302 291,972
656,559   35,162 621,397
188,662   213,014 -24,352
408,675   349,739 58,936
2,980,684   1,804,708 1,175,976
173,478   136,692 36,786
4,661,552   3,362,489 1,299,063
    472 -472
    6,358 -6,358
243     243
26,836     26,836
5,827,307     5,827,307
    7 -7
19,509     19,509
21,885     21,885
10,159     10,159
174,404     174,404
    3,387 -3,387
    140,887 -140,887
    19 -19
    9,112 -9,112
    250,620 -250,620
77,177     77,177
689,240     689,240
534,550     534,550
10,830     10,830
955,521     955,521
38,613     38,613
    207,836 -207,836
88,337     88,337
4,444,586     4,444,586
212     212
606,545     606,545
86,484     86,484
129,725     129,725
      1,668,888
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       26,124
b       100,305
c       -425,090
d       2,413,604
e       -914
      -1,244,195
      4,949,135
      163,735
      749,791
      1,434,460
      3,017,098
      243,669
      3,770,910
      1,236,718
      4,852,323
      229
      4,168
      -1,231
      52,230
      1,369,745
      -1,797
      176,501
      -31,615
      684,119
      1,299,739
      2,544,149
      119,938
      339,273
      48,015
      254,195
      366,891
      885,791
      787
      1,354,054
      46,713
      112,932
      291,972
      621,397
      -24,352
      58,936
      1,175,976
      36,786
      1,299,063
      -472
      -6,358
      243
      26,836
      5,827,307
      -7
      19,509
      21,885
      10,159
      174,404
      -3,387
      -140,887
      -19
      -9,112
      -250,620
      77,177
      689,240
      534,550
      10,830
      955,521
      38,613
      -207,836
      88,337
      4,444,586
      212
      606,545
      86,484
      129,725
       
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 49,164,630
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 5,351,419
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........................... 3 823,510
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- ..... 5 823,510
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 896,388
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,046,388
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 10 222,878
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet222,878 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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 changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletID
    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 addressbulletjkaf.org
    14
    The books are in care ofbulletBrady Panatopoulos Telephone no.bullet (208) 424-3862

    Located atbullet501 Baybrook CourtBoiseID ZIP+4bullet83706
    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? .................
    16Yes  
    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)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Joseph Scott Director
    2.00     		0    
    501 Baybrook Court
    Boise,ID83706
    John Prehn Director
    2.00     		28,000    
    501 Baybrook Court
    Boise,ID83706
    Jamie Jo Scott Chairman/Pres.
    35.00     		165,792 21,559  
    501 Baybrook Court
    Boise,ID83706
    JL Scott Director
    2.00     		28,000    
    501 Baybrook Court
    Boise,ID83706
    Susan Morris Director
    2.00     		28,000    
    501 Baybrook Court
    Boise,ID83706
    Brian Scott Director/Sec'y
    2.00     		28,876 4,652  
    501 Baybrook Court
    Boise,ID83706
    Brian Naeve Dir/CIO/Treas.
    25.00     		165,961 17,458  
    501 Baybrook Court
    Boise,ID83706
    Brady Panatopoulos Director/CEO
    30.00     		175,810 22,253  
    501 Baybrook Court
    Boise,ID83706
    Roger Quarles Exec. Director
    50.00     		185,053 35,921  
    501 Baybrook Court
    Boise,ID83706
    William Whitacre Director
    2.00     		28,000    
    501 Baybrook Court
    Boise,ID83706
    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
    Bryan Madden Program Officer
    40.00     		108,581 9,352  
    501 Baybrook Court
    Boise,ID83706
    Total number of other employees paid over $50,000...................bullet 5
    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
    Drake Cooper Media & PR Services 696,916
    416 S 8th St Suite 300
    Boise,ID83702
    1890 Productions Video Production 219,496
    4696 W Overland Rd 270
    Boise,ID83705
    Paradigm of Idaho Inc Consultant-Fieldhouse 96,530
    1101 W River St 310
    Boise,ID83702
    Riverwood Strategies LLC Consultant-Imagine Idaho 75,000
    2775 W Navigator Dr Suite 110
    Meridian,ID83642
    McMillen Jacobs Construction Services 246,883
    1401 Shoreline Drive
    Boise,ID83702
    Total number of others receiving over $50,000 for professional services.............bullet4
    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 See Purpose Explanation On Attached 2021 Supplementary Statements For Grant Payments 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    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
    832,215,183
    b
    Average of monthly cash balances.......................
    1b
    1,648,934
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    833,864,117
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    833,864,117
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    12,507,962
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    821,356,155
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    41,067,808
    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
    41,067,808
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    823,510
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    823,510
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    40,244,298
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    40,244,298
    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
    40,244,298
    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 40,244,298
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 23,142,775
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 29,437,371
    a Applied to 2020, but not more than line 2a 23,142,775
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 6,294,596
    e Remaining amount distributed out of corpus  
    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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		33,949,702
    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) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JA Kathryn Albertson Foundation
    501 Baybrook Court
    Boise,ID83706
    (208) 424-2600
    bThe form in which applications should be submitted and information and materials they should include:
    One to three page letter of inquiry. Major grants are made through RFP or invitation to apply. Check website (jkaf.org) for current invitations and programs.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    I.R.C. section 501(c)(3) organizations, government entities, or expenditure responsibility required.
    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
    See Supplementary Statement
    Grant Payments Pages 1-3
    Boise,ID83701     		    See Statement of Grant Payments 25,459,985
    Total .................................bullet 3a 25,459,985
    bApproved for future payment
    AFH Real Estate LLC
    501 E Baybrook Court
    Boise,ID83706     		JKAF 100% owned LLC   Design and build the Idaho Outdoor Fieldhouse: a world class training and rehabilitation facility for the benefit of disabled veterans and other persons with physical disabilities. 2,000,000
    Total .................................bullet 3b 2,000,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    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 49,164,630  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPartnership K-1 UBTI     		523000 7,636,908      
    bPartnership-Other Income     14 27,302  
    cTax Exempt Interest     14 2  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 7,636,908 66,443,725  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    74,080,633
    (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: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 7,365 1,508 0 5,857

    TY 2021 ContractorCompensationExpln
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Contractor Explanation
    1890 Productions Video production, public awareness and media management for Foundation charitable initiatives. $219,496
    Drake Cooper Direct Services & Fees $523,200Third Party Media Payments $159,725Other Outside Third Party Payments $13,991 -------- Total Professional Services $696,916
    McMillen Jacobs Construction general contractor for the Kathryn Albertson Park Improvements, a public park,owned by the City of Boise. $246,883.
    Paradigm of Idaho Inc Foundation/consultant/representative with respect to the Idaho Outdoor Fieldhouse construction project. $96,530
    Riverwood Strategies LLC Consultative support to Imagine Idaho, Inc., a 501(c)(3)organized to expand broadband connectivity to rural Idaho schools and communities. $75,000.

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

    TY 2021 DepreciationSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    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
    Building-Report Attached 1997-12-31 4,228,645 2,387,025 SL   106,319      
    Equipment-Report Attached 2014-07-01 2,378,770 2,088,563 SL   106,899      

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Bluum 1010 West Jefferson 201
    Boise,ID83702     		2021-01-01 2,391,850 To expand "High Performing" learning models for Idaho 2,391,850 No Monthly, 4/2021, Annual 10/2021 2021-10-01 Bluum met or exceeded all expected outcomes and exercised appropriate expenditure responsibility as required in the grant agreement. Bluum is committed to the "20 in 10" initiative of the Foundation to create 20,000 new high-performing Idaho school seats in 10 years (2024). During 2021, seven new schools opened, creating 1,978 new seats. As of the end of 2021, Bluum has created 13,966 new high-performing school seats through the opening of 35 new schools since the initiative launched in 2014.
    Bluum 1010 West Jefferson 201
    Boise,ID83702     		2021-05-07 1,425,000 Provide free all-day kindergarten for at least 1,000 student 1,425,000 No Annual Report October 2021 2021-10-31 Bluum met or exceeded all expected outcomes and exercised appropriate expenditure responsibility as required in the grant agreement. Seventeen Bluum schools participated in providing access to free all-day kindergarten, with more than 1,000 students participating in the all-day programs. The IRI assessments were conducted and MAP test is planned for the fall of 2022. Students participating in all-day kindergarten improved their IRI scores and significantly outpaced partial-day kindergarten students. With respect to their goal to demonstrate the importance of all-day kindergarten to creating academic achievement, the 2022 Idaho legislature appropriated $72 million to fund all-day kindergarten in public district and charter schools (previously, the state only funded half-day kindergarten).
    Bluum 1010 West Jefferson 201
    Boise,ID83702     		2021-01-01 365,000 Intermediary for Idaho New School Leaders Fellowship 365,000 No June and July of 2022 2022-06-30 Determined that all objectives and expected outcomes of the New Leaders Fellowship were met for all four fellows, who used the one-year experience to develop the necessay skills and knowledge to plan, develop and launch a high performing charter school. Further, we concluded that expenditure responsibility was appropriately exercised by the grantee in accordance with the requirements of the grant agreement.
    Idaho Education News IEN 555 West Bannock
    Boise,ID83702     		2021-12-03 969,280 Ensure all education stakeholders get pertinent information 969,280 No Daily monitoring 2022-01-31 Determined that all objectives and expected outcomes of the grant agreement were met or exceeded and that IEN exercised appropriate expenditure responsibility required by the grant agreement. 2021 was another year of significant growth in readership and IEN was nominated and/or received multiple state and national level awards (American Press Institute, Education Writer's Association, Online Journalism Association, Press Club and more). Published 4th Edition of EdTrends which is a scorecard with detailed information about performance of Idaho schools (overall and individually). IEN is the only education news source in the state and has become the standard for accountability of academic performance and the spending of state tax dollars.
    Imagine Idaho Foundation PO Box 7006
    Ketchum,ID83340     		2021-06-14 450,000 Deploy federal and state funding for broadband infrastructur 450,000 No Annual Report 2022-01-31 Determined that all objectives and expected outcomes of the grant agreement were met and that the Imagine Idaho Foundation exercised appropriate expenditure responsibility required by the grant agreement. The Imagine Idaho Foundation has succesfully organized and has supported a cohort of some of the most rural counties in Idaho (Benewah, Camas, Teton, Latah, Owyhee, Lewiston, Valley and others)to prepare the case studies and proposals to secure a portion of the $1.19 billion in ARPA funding allocated to Idaho to build out broadband infrastructure to unserved and underserved areas.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Investment Portfolio-Northern Trust 237,486,351 424,344,781
    Investment Portfolio-Goldman Sachs 82,539,738 106,288,704
    Investment Portfolio-Partnerships/Other 218,231,925 350,214,681

    TY 2021 LandEtcSchedule2
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 2,378,769 2,195,463 183,306 183,306
    Buildings 4,228,645 2,493,343 1,735,302 1,735,302


    TY 2021 LegalFeesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal & Consulting 26,761 0 0 26,761


    TY 2021 OtherAssetsSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Book Tax Difference -5,638,044 702,560 702,560
    Investment in AFH 1,000 1,077,649 1,077,649
    Investments Receivable 232,749 64,888 64,888


    TY 2021 OtherDecreasesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Amount
    Non Deductible Expenses 77,204


    TY 2021 OtherExpensesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advertising/ Branding 190,053     190,053
    Auto Expense 2,580     2,580
    Bank Charge 563     563
    Computer Expense 40,027 8,195   31,832
    Contract Labor 1,667     1,667
    Dues & Subscriptions 3,128 719   2,409
    Employee Benefits 275     275
    Employee Recruitment 391     391
    Equipment Purchase 212     212
    Gifts 2,156     2,156
    Insurance 19,419     19,419
    Investment Management Expenses 5,970,127 5,970,127    
    Kitchen Supplies 6,683 1,368   5,315
    Maintenance & Repairs 5,106 1,045   4,061
    Office & Other Supplies 2,948 604   2,344
    Postage & Freight 207     207
    Rental Exp-Equipment 3,214 658   2,556
    Telephone Expense 2,143 439   1,704
    Training 15     15


    TY 2021 OtherIncomeSchedule2
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Partnership K-1 UBTI 7,636,908    
    Partnership-Other Income 27,302 27,302  
    Tax Exempt Interest 2    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Interest Payable 817,666 776,802
    Set Aside-Idaho Outdoor Fieldhouse 10,000,000 12,000,000


    TY 2021 TaxesSchedule
    Name:
    JA & KATHRYN ALBERTSON FOUNDATION INC
    EIN:
    82-6012000
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 823,510      
    Foreign Tax 622,001 622,001    
    Payroll Tax 95,371 19,525   75,846
    State Income Taxes 3,129 3,129