Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Offutt Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)225 Broadway N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fargo, ND58102
A Employer identification number

26-6574983
B Telephone number (see instructions)

(701) 237-6062
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$142,703,500J 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) 100,649,610
2 Check bullet.............
3 Interest on savings and temporary cash investments 174,663 174,663  
4 Dividends and interest from securities... 502,394 502,394  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 709,730
b Gross sales price for all assets on line 6a 4,312,095
7 Capital gain net income (from Part IV, line 2)... 709,622
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 37,927 0  
12 Total. Add lines 1 through 11........ 102,074,324 1,386,679  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 228,000 0   228,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,775 0   9,775
c Other professional fees (attach schedule).... Click to see attachment 49,125 0   49,125
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 132 0   132
22 Printing and publications.......... 2,439 0   2,439
23 Other expenses (attach schedule)....... Click to see attachment 108,864 99,024   2,781
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 398,335 99,024   292,252
25 Contributions, gifts, grants paid....... 1,461,876 1,461,876
26 Total expenses and disbursements. Add lines 24 and 25 1,860,211 99,024   1,754,128
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 100,214,113
b Net investment income (if negative, enter -0-) 1,287,655
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......... 19,379,628 119,820,290 119,820,290
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,845,681 Click to see attachment13,084,619 13,084,619
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).......... 7,931,483 Click to see attachment8,543,851 9,798,591
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,156,792 141,448,760 142,703,500
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 41,156,792 141,448,760
29 Total net assets or fund balances (see instructions)..... 41,156,792 141,448,760
30 Total liabilities and net assets/fund balances (see instructions). 41,156,792 141,448,760
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
41,156,792
2
Enter amount from Part I, line 27a .....................
2
100,214,113
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
77,855
4
Add lines 1, 2, and 3 ..........................
4
141,448,760
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
141,448,760
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities      
b LT Capital Gains from Passthrough Entities P    
c ST Capital Gains from Passthrough Entities P    
d LT Investment Income P    
e
(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 4,106,495   3,602,473 504,022
b 138,008     138,008
c 30,402     30,402
d 37,190     37,190
e
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       504,022
b       138,008
c       30,402
d       37,190
e
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 2 709,622
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 17,898
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 17,898
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 25,305
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,305
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,407
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,407 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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)
    bulletND
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThomas K Espel Telephone no.bullet (701) 526-9644

    Located atbullet225 Broadway NFargoND ZIP+4bullet58102
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    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
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Ronald D Offutt Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Karen Offutt Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Shelly Neal Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Rondi McGovern Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Allan F Knoll Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Christi Offutt Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Ryan Offutt Trustee
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    Thomas K Espel Administrator
    0.10     		0 0 0
    225 Broadway N
    Fargo,ND58102
    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
    Jean Zimmerman Executive Director
    40.00     		228,000 0 0
    225 Broadway N
    Fargo,ND58102
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    14,046,729
    b
    Average of monthly cash balances.......................
    1b
    23,629,250
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,496,966
    d
    Total (add lines 1a, b, and c).........................
    1d
    47,172,945
    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
    47,172,945
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    707,594
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    46,465,351
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,323,268
    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
    2,323,268
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    17,898
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,898
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,305,370
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,305,370
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    2,305,370
    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 2,305,370
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,183,147
    b From 2017...... 1,209,634
    c From 2018...... 453,081
    d From 2019...... 690,067
    e From 2020......  
    f Total of lines 3a through e ........ 3,535,929
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,754,128
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,754,128
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 551,242 551,242
    (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 2,984,687
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		631,905
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,352,782
    10 Analysis of line 9:
    a Excess from 2017.... 1,209,634
    b Excess from 2018.... 453,081
    c Excess from 2019.... 690,067
    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).)
    Ronald D Offutt
    Karen Offutt
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Cobber Wrestling
    901 8th St S
    Moorhead,MN56562     		  PC Golf Sponsor 1,000
    Northern Lights Council
    4200 19th Ave S
    Fargo,ND58103     		  PC Boy Scouts 1,000
    SD FFA Foundation Inc
    39393 133rd St
    Bath,SD57427     		  PC General Fund 1,375
    Junior Achievement of the Upper Midwest
    1800 White Bear Ave N
    Maplewood,MN55109     		  PC General Fund 5,000
    Dakota Medical Foundation
    4141 28th Ave S
    Fargo,ND58104     		  PC Zezula Sponsorship 5,000
    Dordt University
    700 7th St NE
    Sioux Center,IA51250     		  GOV Science & Tech Facility 50,000
    Emerging Prairie
    122 1/2 N Broadway
    Fargo,ND58102     		  PC Entrepreneurship 25,000
    Minnesota FFA Foundation
    PO Box 365
    Plainview,MN55964     		  PC Sponsorship 1,500
    ND FFA Foundation
    PO Box 6022
    Bismarck,ND58506     		  PC Sponsorship 1,500
    Great Plains Foodbank
    1702 3rd Ave N
    Fargo,ND58102     		  PC General Fund 25,000
    BIO Girls
    4225 38th St S Suite 101
    Fargo,ND58104     		  PC General Fund 5,000
    Barnesville Area Community Fund
    PO Box 461
    Barnesville,MN56514     		  PC General Fund 2,500
    Becker County Museum
    PO Box 622
    Detroit Lakes,MN56501     		  PC Peterson Archive 12,500
    Benton-Franklin Community Health Alliance
    7102 W Okanogan Place
    Kennewick,WA99336     		  PC Youth Suicide Prevention 5,000
    Boy & Girl Clubs of the Columbia Basin
    425 N Paxson Dr
    Moses Lake,WA98837     		  PC General Fund 7,500
    Christ Connection Center
    409 E Adams Street
    ONeill,NE68763     		  PC Arts In Recovery Program 2,500
    Coal Country Community Health Center
    1312 Highway 49 N
    Beulah,ND58523     		  PC IMPACT Program 5,000
    Connection Individual and Family Services
    1312 Highway 49 N
    Beulah,ND58523     		  PC Counseling 10,000
    CVIC
    211 S 4TH Street
    Grand Forks,ND58201     		  PC General Fund 5,000
    Exceptional Parents Unlimited Inc
    4440 N First Street
    Fresno,CA93726     		  PC Mental Health 10,000
    Family Wellness LLC
    2960 Seter Parkway
    Fargo,ND58104     		  PC Life Strides 3,000
    Fargo Public Schools Dvlp Foundation
    1305 9th Ave S
    Fargo,ND58103     		  PC Telehealth Counseling 10,000
    Harvest Hope Farm
    9695 10th St NW
    Moorhead,MN56560     		  PC Build Raised Garden 2,500
    Hazen Softball Boosters
    1129 Elbowoods Dr
    Hazen,ND58545     		  PC Team Building Camp 2,500
    Hill Country Bowhunters
    PO Box 640
    Cedar Park,TX78630     		  PC Youth Camp 2,500
    Historical And Cultural Society Of Clay County
    PO Box 157
    Moorhead,MN565600157     		  PC Ship Gallery Renovation 5,000
    Hospice of the Red River Valley
    1701 38th St S Suite 101
    Fargo,ND58103     		  PC House Campaign 335,000
    Justin's Break the Silence
    4550 49th Ave S 321
    Fargo,ND58103     		  PC Suicide Awareness 5,000
    Kinship of the Park Rapids Area
    PO Box 382
    Park Rapids,MN56470     		  PC Suicide Awareness 2,500
    Luther Seminary
    2481 Coma Ave
    St Paul,MN55108     		  PC Faith + Lead Academy 175,000
    Lutheran Social Services of SD
    2519 Widmill Dr
    Spearfish,SD57783     		  PC Canyon Hills Center 2,500
    Magic City Discovery Center
    PO Box 751
    Minot,ND587020751     		  PC General Fund 50,000
    Minnesota Private College Fund
    445 Minnesota Street Suite 500
    St Paul,MN55101     		  PC Innovation Scholars 10,000
    Mission Righteous Roots
    462 County Road 327
    Gatesville,TX76528     		  PC General Fund 500
    Moorhead Wrestling
    3845 11th Ave S
    Moorhead,MN56560     		  PC Sponsor 1,000
    Moorhead Youth Hockey Association
    707 SE Main Ave
    Moorhead,MN56560     		  PC M3 Project 10,000
    NAMI Texas Inc
    PO Box 300817
    Austin,TX78703     		  PC End Silence Family Support 10,000
    Nate Chute Foundation
    PO Box 245
    Whitefish,MT59937     		  PC Strength Based 5,000
    Northeastern Mental Health Center
    14 South Main St
    Aberdeen,SD57401     		  PC Copay 18 & Under 10,000
    Northwestern Mental Health Center
    603 Bruce Street
    Crookston,MN56716     		  PC Hope Coalition 4,000
    Perham Area Community Center
    620 3rd Ave SE
    Perham,MN56573     		  PC Capital Campaign 33,334
    Richland Wilkin Kinship
    509 1/2 Dakota Ave Ste 104
    Wahpeton,ND58075     		  PC Mentor & Lunch Buddies 2,500
    Robbies HOPE Foundation
    122 2nd Ave S
    Casselton,ND58102     		  PC Pro Speaker Program 1,000
    Rural Enrichment & Counseling Headquarters
    421 5th ST
    Hawley,MN56585     		  PC Copays 2,500
    Sanford Foundation
    P O Box 2010
    Fargo,ND581220302     		  PC Heart Center 150,000
    Spreading Threads Clothing Bank
    1870 West Prince Rd Ste 54 55
    Tucson,AZ85641     		  PC Emergency Pulls 1,000
    Teammates Mentoring Program
    510 Saint Johns Dr
    Atkinson,NE68713     		  PC Expand Strength Finder 2,500
    The Brit Rose Foundation
    4425 Lovers Lane
    Dallas,TX75225     		  PC Scholarship 5,000
    Tri-Cities Chaplaincy
    1480 Fowler Street
    Richland,WA99352     		  PC Corks Place Program 10,000
    Tumbleweed Runaway Program Inc
    505 N 24th Street
    Billings,MT59106     		  PC Drop In Center 10,000
    University Of Mary
    7500 University Drive
    Bismarck,ND585049988     		  PC Gala 10,000
    Washburn Public School
    713 7th St
    Washburn,ND58577     		  PC Social Emotional Learning 2,500
    Yellowstone Boys and Girls Ranch
    1732 72nd St West
    Billings,MT59106     		  PC SMART Room Equipment 10,000
    TNT Kid's Fitness & Gymnastics
    2800 Main Ave
    Fargo,ND58103     		  PC Pledge 66,667
    North Dakota State University Foundation
    1241 University Dr N PO Box 5144
    Fargo,ND58105     		  PC NICE ideas 40,000
    Theodore Roosevelt Presidential Library Foundation
    1611 East Century Ave
    Bismarck,ND58503     		  PC building pledge 250,000
    American Red Cross
    2602 12th St N
    Fargo,ND58102     		  PC General Fund 1,000
    Churches United
    1901 1st Ave N
    Moorhead,MN56560     		  PC General Fund 1,000
    Fix It Forward Ministry Inc
    2620 2nd Ave N
    Moorhead,MN56560     		  PC General Fund 1,000
    Hospice of the Red River Valley
    1701 38th St S Suite 101
    Fargo,ND58103     		  PC General Fund 1,000
    Make-A-Wish North Dakota
    4143 26 Avenue South Suite 104
    Fargo,ND58104     		  PC General Fund 1,000
    Moorhead Legacy Education Foundation
    1313 30th Ave South PO Box 1006
    Moorhead,MN56561     		  PC General Fund 1,000
    Veterans Honor Flight of NDMN
    PO Box 294
    Hunter,ND58048     		  PC General Fund 1,000
    Lake Region Healthcare Foundation Fergus Falls
    712 S Cascade Street
    Fergus Falls,MN56537     		  PC General Fund 1,000
    Heart of Clay
    PO Box 944
    Moorhead,MN56561     		  PC General Fund 1,000
    Hope Blooms
    758 34th St N Suite O
    Fargo,ND58102     		  PC General Fund 1,000
    Lake Agassiz Habitat for Humanity
    210 11th Street N
    Moorhead,MN56560     		  PC General Fund 1,000
    Rape and Abuse Crisis Center
    317 N 8th St
    Fargo,ND58102     		  PC General Fund 1,000
    Adult & Teen Challenge North Dakota
    1406 2nd St NW
    Mandan,ND58554     		  PC General Fund 1,000
    Fargo Public Schools Foundation
    700 7th St S
    Fargo,ND58103     		  PC General Fund 1,000
    Richland-Wilkin Kinship
    509 1/2 Dakota Ave Ste 104
    Wahpeton,ND58075     		  PC General Fund 1,000
    Heartview Foundation
    101 E Broadway Ave
    Bismarck,ND58501     		  PC General Fund 5,000
    Marv Bossert Foundation for Parkinson's
    4141 28th Ave S
    Fargo,ND58104     		  PC General Fund 5,000
    Memory Cafe of the Red River Valley
    1122 1st Ave N
    Fargo,ND58102     		  PC General Fund 5,000
    Moriah Frame Ridgewater College
    2101 15th Ave NW
    Wilmar,MN56201     		None I Scholarships 2,500
    Trinity Miller Oregon State Univers
    PO Box 1086
    Corvallis,OR97339     		None I Scholarships 2,500
    Teagan Miller South Dakota State Un
    PO Box 511A
    Brookings,SD57007     		None I Scholarships 2,500
    Total .................................bullet 3a 1,461,876
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 174,663  
    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 ............     		    18 709,730  
    9 Net income or (loss) from special events:     01    
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aNondividend Distributions     		    14 9,900  
    bUnrelated Business Income from Passthrough Entities 525990 968      
    cRefunded Estimated Tax Payment         20,000
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 968 1,396,687 20,000
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,417,655
    (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.)
    11 Refund of prior year overpayment of net investment income taxes
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


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

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

    26-6574983
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Offutt Family Foundation
          		Employer identification number
    26-6574983
    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
    Ronald D Offutt
     
    PO Box 7160
     
    Fargo, ND581067160

    		$ 100,523,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Edney Distributing Co Inc
     
    PO Box 1236
     
    Lakeville, MN55044

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Brandt Industries USA Ltd
     
    PO Box 3856
     
    Regina, SaskatchewanS4P 3R8CA

    		$ 15,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    John Deere
     
    PO Box 8808
     
    Moline, IL61266

    		$ 35,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Tim Curoe
     
    200 4th Ave N 303
     
    Fargo, ND58102

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    AgriVision Equipment Group
     
    PO Box 71
     
    Glenwood, IA51534

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    Offutt Family Foundation
          		Employer identification number
    26-6574983
    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
    7
    Benchmark Ranch
     
    13196 Burns Branch Road
     
    Krum, TX76249

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    Bell Bank
     
    3100 13th Ave S
     
    Fargo, ND58103

    		$ 7,500


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    26-6574983
    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
    1
    		 $523,400 of CLR stock $ 523,400 2021-10-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Offutt Family Foundation
          		Employer identification number

    26-6574983
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Preparation Fees 9,775 0   9,775

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMER FUNDS AMERICAN 536,157 536,157
    ACCENTURE PLC SHS 32,749 32,749
    ADOBE INC 25,518 25,518
    AGREE RLTY CORP 12,845 12,845
    ALIGN TECH INC DEL COM 27,602 27,602
    ALPHABET INC SHS CL C 34,723 34,723
    AMAZON COM INC COM 70,021 70,021
    AMER EXPRESS COMPANY 16,687 16,687
    AMER FUNDS NEW 678,475 678,475
    ARTISAN INTERNATIONAL 607,171 607,171
    AMERICAN TOWER REIT INC 22,230 22,230
    ANTHEM INC 14,833 14,833
    APPLE INC 47,411 47,411
    APPLE INC 51,673 51,673
    ASML HLDG NV NY REG SHS 26,273 26,273
    ABBVIE INC SHS 18,550 18,550
    COLUMBIA SELIGMAN COMM 474,140 474,140
    AVALONBAY CMMUN INC 44,708 44,708
    BLACKROCK GLOBAL 447,647 447,647
    BLACKSTONE GROUP INC COM 30,665 30,665
    BLACKSTONE REAL ESTATE 217,501 217,501
    BOSTON SCIENTIFIC CORP 14,826 14,826
    BROADCOM INC 27,282 27,282
    CAESARS ENTERTAINMENT 8,979 8,979
    CARETR REIT 6,735 6,735
    FARFETCH LTD 5,215 5,215
    CENTERSPACE 8,207 8,207
    CHEVRON CORP 12,674 12,674
    CHUBB LTD 13,725 13,725
    CISCO SYSTEMS INC COM 17,807 17,807
    JPMORGAN CHASE & CO 23,277 23,277
    AVALARA INC 863,488 863,488
    HILTON WORLDWIDE 15,755 15,755
    DOUBLELINE SHILLER 305,988 305,988
    DANAHER CORP DEL COM 31,256 31,256
    DEERE CO 19,545 19,545
    DEXCOM INC 17,182 17,182
    DIAMONROCK HOSPITALITY 16,769 16,769
    DIGITAL RLTY TR INC 40,503 40,503
    DISNEY (WALT) CO COM STK 18,277 18,277
    EQUINIX INC 27,913 27,913
    DOUBLELINE TOTAL RETURN 7,947 7,947
    CAMDEN PPTY TR 20,012 20,012
    DUKE REALTY CORP 35,774 35,774
    DUKE REALTY CORP 20,874 20,874
    EDWARDS LIFESCIENCES CRP 12,437 12,437
    DOUBLELINE TOTAL RETURN 576,844 576,844
    WORKDAY INC 17,210 17,210
    EPR PPTY 6,459 6,459
    COSTAR GROUP INC COM 14,225 14,225
    HEALTHPEAK PPTYS INC 16,529 16,529
    FEDERAL REALTY INVESTMENT 18,267 18,267
    FEDERATED HERMES INSTL 1,706,687 1,706,687
    FIBROGEN INC 54,736 54,736
    FIDELITY NATL INFO SVCS 17,246 17,246
    FIRST INDL REALTY TR INC 12,048 12,048
    FREEPORT-MCMORAN 7,553 7,553
    GRAB HOLDINGS 4,178 4,178
    HONEYWELL INTL INC DEL 15,638 15,638
    INTL FLAVORS&FRAGRNC 15,668 15,668
    INVESCO S&P 500 256,169 256,169
    INVITATION HOMES INC 18,589 18,589
    J P MORGAN EXCHANGE ETF 141,697 141,697
    COMCAST CORP NEW CL A 17,967 17,967
    KIMCO REALTY 30,172 30,172
    BAXTER INTERNTL 17,855 17,855
    ABBOTT LABS 15,622 15,622
    LAMB WESTON HOLDINGS INC 2,092 2,092
    NETSTREIT CORP 9,114 9,114
    PROCTER & GAMBLE CO 19,139 19,139
    LOCKHEED MARTIN CORP 14,216 14,216
    LOWE'S COMPANIES INC 25,331 25,331
    MARSH & MCLENNAN COS INC 16,861 16,861
    MASTERCARD INC 34,135 34,135
    MATCH GROUP INC 12,432 12,432
    MCDONALDS CORP COM 18,497 18,497
    MEDTRONIC PLC SHS 12,414 12,414
    MERCK AND CO INC SHS 11,113 11,113
    META PLATFORMS INC 26,572 26,572
    MICROSOFT CORP 51,457 51,457
    MICROSOFT CORP 82,398 82,398
    MONDELEZ INTERNATIONAL 13,328 13,328
    NETFLIX COM INC 21,085 21,085
    MOTOROLA SOLUTIONS INC 24,181 24,181
    NEXTERA ENERGY INC SHS 15,311 15,311
    NVIDIA 21,176 21,176
    PROLOGIS INC 38,386 38,386
    PUBLIC STORAGE 42,325 42,325
    PIMCO INCOME FUND CL I2 729,836 729,836
    PACKAGING CORP AMERICA 9,394 9,394
    PEBBLEBROOK HOTEL TRUST 11,543 11,543
    PEPSICO INC 14,071 14,071
    PHILIP MORRIS INTL INC 14,820 14,820
    KILROY REALTY 16,017 16,017
    PHILLIPS 66 SHS 9,275 9,275
    PIEDMONT OFFICE REALTY 13,693 13,693
    PIMCO INTERNATIONAL BOND 350,017 350,017
    PIMCO INCOME FUND CL I2 4,996 4,996
    NIKE INC CL B 13,000 13,000
    PIMCO LOW DURATION 4,988 4,988
    POSTAL REALTY TR 5,603 5,603
    PRIMECAP ODYSSEY GROWTH 237,322 237,322
    PHYSICIANS RLTY TR 7,400 7,400
    TRICON RESIDENTIAL 8,862 8,862
    RIVIAN AUTOMOTIVE 7,258 7,258
    LINDE PLC REG SHS 21,825 21,825
    SNAP INC CL A 22,010 22,010
    SBA COMMUNICATIONS CORP 12,060 12,060
    SCHWAB CHARLES CORP NEW 20,941 20,941
    SHERWIN WILLIAMS 25,356 25,356
    SIMON PROPERTY GROUP 13,101 13,101
    WESTERN ASSET CORE PLUS 580,757 580,757
    SPDR GOLD TRUST 458,173 458,173
    TJX COS INC 17,917 17,917
    SUN COMMNTYS INC 36,115 36,115
    TAIWAN S MANUFCTRING ADR 12,512 12,512
    TEXAS INSTRUMENTS 19,978 19,978
    TEXAS INSTRUMENTS 15,455 15,455
    REALTY INCM CRP MD PV$1. 20,546 20,546
    REXFORD INDL RLTY INC 30,092 30,092
    TWILIO INC CL A 17,117 17,117
    VENTAS 20,141 20,141
    ACADIA 3,580 3,580
    UDR INC 21,056 21,056
    UNION PACIFIC CORP 18,895 18,895
    UNITEDHEALTH GROUP INC 27,116 27,116
    UNITEDHEALTH GROUP INC 13,558 13,558
    UNITY SOFTWARE INC 6,006 6,006
    TJX COS INC 12,679 12,679
    VANGUARD DIVIDEND 1,115,077 1,115,077
    VANGUARD 500 INDEX FUND 450,117 450,117
    WALMART 11,286 11,286
    WEC ENERGY GROUP INC SHS 18,152 18,152
    WELLTOWER INC 28,647 28,647
    TRANE TECHNOLOGIES PLC 16,768 16,768
    LIFE STORAGE INC 16,543 16,543

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    NORTHSTAR MEZZANINE PARTNERS AT COST 445,802 484,233
    STERLING MULTIFAMILY TRUST FMV 261,952 261,952
    BLUEGRASS PARENT LLC AT COST 6,500,000 6,500,000
    ARTHUR VENTURES GROWTH III, LP AT COST 61,873 65,321
    RIVER OAKS FINANCIAL FUND AT COST 1,261,973 2,472,085
    ARTHUR VENTURES IV, LP AT COST 12,251 15,000

    TY 2021 OtherExpensesSchedule
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Basis Investment Expenses from K-1 99,024 99,024   0
    Training and Development 2,675 0   2,675
    Supplies 106 0   106
    Golf Tournamnet Expense 7,059 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Nondividend Distributions 9,900   9,900
    Unrelated Business Income from Passthrough Entities 968   968
    Refunded Estimated Tax Payment 20,000   20,000
    Gross Income from Special Fundraising Events 7,059   7,059


    TY 2021 OtherIncreasesSchedule
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Description Amount
    Unrealized gain 77,855


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Offutt Family Foundation
    EIN:
    26-6574983
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Fees 1,849 0   1,849
    Professional Expenses 47,276 0   47,276