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
JA WEDUM FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)TWO CARLSON PARKWAY NORTH 335
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PLYMOUTH, MN55447
A Employer identification number

41-6025661
B Telephone number (see instructions)

(612) 789-3363
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$152,293,709J 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... 934,751 934,751  
5a Gross rents............ 74,881 74,881  
b Net rental income or (loss) 74,881
6a Net gain or (loss) from sale of assets not on line 10 1,843,781
b Gross sales price for all assets on line 6a 40,664,502
7 Capital gain net income (from Part IV, line 2)... 1,843,781
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 25,588,271 0 25,588,271
12 Total. Add lines 1 through 11........ 28,441,684 2,853,413 25,588,271
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 414,635 3,831 205,402 205,402
14 Other employee salaries and wages...... 179,666 3,510 88,078 88,078
15 Pension plans, employee benefits....... 34,080 0 17,040 17,040
16a Legal fees (attach schedule)......... Click to see attachment 6,189 0 6,189 0
b Accounting fees (attach schedule)....... Click to see attachment 11,972 5,986 5,986 0
c Other professional fees (attach schedule).... Click to see attachment 81,913 69,913 12,000 0
17 Interest............... 2,884,772 0 2,884,772 0
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion... 3,166,734 0 3,166,734
20 Occupancy.............. 15,435,011 0 15,435,011 0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,743,598 0 3,678,153 65,445
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,958,570 83,240 25,499,365 375,965
25 Contributions, gifts, grants paid....... 2,988,700 2,988,700
26 Total expenses and disbursements. Add lines 24 and 25 28,947,270 83,240 25,499,365 3,364,665
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -505,586
b Net investment income (if negative, enter -0-) 2,770,173
c Adjusted net income (if negative, enter -0-)... 88,906
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......... 34,311,370 31,872,643 31,872,643
3 Accounts receivable bullet1,973,592
Less: allowance for doubtful accounts bullet   805,941 1,973,592 1,973,592
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) bullet7,061,872
Less: allowance for doubtful accounts bullet0 303,679 7,061,872 7,061,872
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 65,445 80,411 80,411
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 26,967,549 Click to see attachment32,518,634 43,517,165
c Investments—corporate bonds (attach schedule)....... 922,947 0 0
11 Investments—land, buildings, and equipment: basis bullet24,258
Less: accumulated depreciation (attach schedule) bullet   24,258 24,258 24,258
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet89,835,956
Less: accumulated depreciation (attach schedule) bullet28,562,533 87,479,086 61,273,423 61,273,423
15 Other assets (describe bullet) Click to see attachment15,740,687 Click to see attachment6,490,345 Click to see attachment6,490,345
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 166,620,962 141,295,178 152,293,709
Liabilities 17 Accounts payable and accrued expenses.......... 6,668,875 3,471,712
18 Grants payable.................    
19 Deferred revenue.................   206,261
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 73,612,823 51,947,309
22 Other liabilities (describe bullet) Click to see attachment1,032,551 Click to see attachment889,735
23 Total liabilities (add lines 17 through 22)......... 81,314,249 56,515,017
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........... 84,519,336 83,681,931
25 Net assets with donor restrictions............ 787,377 1,098,230
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 85,306,713 84,780,161
30 Total liabilities and net assets/fund balances (see instructions). 166,620,962 141,295,178
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
85,306,713
2
Enter amount from Part I, line 27a .....................
2
-505,586
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
310,853
4
Add lines 1, 2, and 3 ..........................
4
85,111,980
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
331,819
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
84,780,161
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P 2021-01-01 2021-12-31
b SALE OF PROPERTY/BUILDING P 2010-09-01 2021-10-15
c
d
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 16,064,502   11,177,245 4,887,257
b 24,600,000   27,643,476 -3,043,476
c
d
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       4,887,257
b       -3,043,476
c
d
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 1,843,781
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 38,505
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 38,505
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 105,335
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.............. 7 105,335
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 335
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 66,495
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet66,495 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)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.WEDUMFOUNDATION.ORG
    14
    The books are in care ofbulletJAY PORTZ Telephone no.bullet (612) 789-3363

    Located atbulletTWO CARLSON PARKWAY NORTH STE 335PLYMOUTHMN ZIP+4bullet55447
    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)
    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)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BRIAN MYRES CHAIR
    2.00     		19,250 0 0
    7491 86TH AVE SE
    CLEAR LAKE,MN55319
    DAVID KJOS TRUSTEE
    1.00     		1,750 0 0
    2372 COUNTY ROAD 120 NE
    ALEXANDRIA,MN56308
    DANA WEDUM KENNELLY TRUSTEE
    1.00     		1,750 0 0
    16950 CREEK RIDGE TRAIL
    MINNETONKA,MN55345
    DAWN DOWNS TRUSTEE
    1.00     		1,750 0 0
    9568 HWY 20-26
    CALDWELL,ID83605
    DAYTON SOBY SECRETARY
    1.00     		1,750 0 0
    40640 WEST FOX LAKE ROAD
    FIFTY LAKES,MN56448
    JOSEPH RUSCHE TREASURER
    1.00     		1,750 0 0
    4054 DEERWOOD TRAIL
    EAGAN,MN55122
    MICHELE KELM HELGEN TRUSTEE
    1.00     		1,750 0 0
    100 3RD AVE SOUTH 702
    MINNEAPOLIS,MN554012703
    JON DAVIS TRUSTEE
    1.00     		1,750 0 0
    2750 GALE ROAD
    WAYZATA,MN55391
    JAY PORTZ PRESIDENT
    40.00     		383,135 16,822 3,078
    2012 LONE OAK CIRCLE
    ST CLOUD,MN56301
    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
    KELLIE TESCH ASSISTANT VP
    40.00     		175,475 8,186 0
    TWO CARLSON PARKWAY NORTH STE 335
    PLYMOUTH,MN55447
    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
    POPE ARCHITECT ARCHITECTURAL SERVICES 535,809
    295 BANDANA BLVD STE 200
    ST PAUL,MN55108
    GREAT LAKES MANAGEMENT COMPANY MANAGEMENT SERVICES 467,680
    12755 HWY 55 SUITE 125
    PLYMOUTH,MN55441
    PHS MANAGEMENT LLC MANAGEMENT SERVICES 236,219
    2845 HAMLINE AVENUE N SUITE 200
    ROSEVILLE,MN55113
    SILVERCREST PROPERTIES MANAGEMENT SERVICES 181,241
    5402 PARKDALE DR 310
    ST LOUIS PARK,MN55416
    EJ PLESKO & ASSOCIATES INC MANAGEMENT SERVICES 181,241
    6515 GRAND TETON PLAZA UNIT 300
    MADISON,WI53719
    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 NORWAY HOUSE-NORWAY HOUSE'S NEW INNOVATION AND CULTURE CENTER 325,000
    2 MINNESOTA ADULT & TEEN CHALLENGE-FOR BUILDING THE CAMPUS IN ALEXANDRIA, MN 100,000
    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
    40,050,540
    b
    Average of monthly cash balances.......................
    1b
    22,707,967
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    62,758,507
    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
    62,758,507
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    941,378
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    61,817,129
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,090,856
    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
    3,090,856
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    38,505
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    38,505
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,052,351
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    2,630,099
    5
    Add lines 3 and 4............................
    5
    5,682,450
    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
    5,682,450
    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 5,682,450
    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...... 44,207
    b From 2017...... 2,231,938
    c From 2018...... 1,796,831
    d From 2019...... 13,143,171
    e From 2020...... 828,878
    f Total of lines 3a through e ........ 18,045,025
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 7,375,718
    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..... 5,682,450
    e Remaining amount distributed out of corpus 1,693,268
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 19,738,293
    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) ...     		44,207
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		19,694,086
    10 Analysis of line 9:
    a Excess from 2017.... 2,231,938
    b Excess from 2018.... 1,796,831
    c Excess from 2019.... 13,143,171
    d Excess from 2020.... 828,878
    e Excess from 2021.... 1,693,268
    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:
    JAY PORTZ
    TWO CARLSON PARKWAY NORTH STE 335
    PLYMOUTH,MN55447
    (612) 789-3363
    bThe form in which applications should be submitted and information and materials they should include:
    RESUME OF ACADEMIC QUALIFICATIONS OR STANDARD GRANT APPLICATION
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    360 COMMUNITIIES
    501 E HIGHWAY 13 SUITE 112
    BURNVILLEMN 55337
    BURNVILLE,MN55337     		NONE PC GENERAL OPERATION SUPPORT 7,000
    A CHANCE TO GROW INC
    1800 SECOND STREET NE MINNEAPOLIS
    MN 55418
    MINNEAPOLIS,MN55418     		NONE PC GENERAL OPERATION SUPPORT 10,000
    AAHS DECA BOOSTER CLUB
    1210 BROADWAY STREET SUITE 240 PMB
    152
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 5,000
    AIM HIGHER FOUNDATION
    10350 BREN ROAD WEST MINNEAPOLIS MN
    55343
    MINNEAPOLIS,MN55343     		NONE PC GENERAL OPERATION SUPPORT 5,000
    ALEXANDRIA AREA DECA FOUNDATION
    ALEXANDRIA AREA HIGH SCHOOL 4300
    PIONEER ROAD SE PO BOX 9
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 50,000
    ALEXANDRIA TECHNICAL COLLEGE FOUNDATION
    1601 JEFFERSON ALEXANDRIA MN 56308
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 10,000
    ALLINA HOSPICE FOUNDATION
    3915 GOLDEN VALLEY ROAD MINNEAPOLIS
    MN 55422
    MINNEAPOLIS,MN55422     		NONE PC GENERAL OPERATION SUPPORT 48,858
    ALZHEIMER'S ASSOCIATION
    8546 BROADWAY ST
    SAN ANTONIO,TX78217     		NONE PC GENERAL OPERATION SUPPORT 5,000
    BELGRADE-BROOTEN-ELROSA HIGH SCHOOL
    710 WASHBURN AVENUE PO BOX 339
    BELGRADE MN 56312
    BELGRADE,MN56312     		NONE GOV GENERAL OPERATION SUPPORT 25,000
    BLESSING IN A BACKPACK WAUKESHA CHAPTER
    2010 SPRINGDALE ROAD WAUKESHA WI
    53186
    WAUKESHA,WI53186     		NONE PC GENERAL OPERATION SUPPORT 2,000
    BOLDER OPTIONS
    2100 STEVENS AVENUE MINNEAPOLIS MN
    55404
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATION SUPPORT 30,000
    BROOTEN FOUNDATION
    PO BOX 400 BROOTEN MN 56316
    BROOTEN,MN56316     		NONE PC GENERAL OPERATION SUPPORT 10,000
    CAMP RAINBOW GOLD INC
    216 W JEFFERSON STREET BOISE IDAHO
    83702
    BOISE,ID83702     		NONE PC GENERAL OPERATION SUPPORT 4,000
    CAR CARE PROGRAM
    209 6TH AVENUE EASTER ALEXANDRIA MN
    56308
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 10,000
    CENTRACARE HEALTH FOUNDATION
    1406 SIXTH AVENUE NORTH ST CLOUD MN
    56303
    ST CLOUD,MN56303     		NONE PC GENERAL OPERATION SUPPORT 10,000
    CENTRAL MINNESOTA COMMUNITY FOUNDATION
    101 7TH AVE SOUTH ST CLOUD MN 56301
    ST CLOUD,MN56301     		NONE PC GENERAL OPERATION SUPPORT 10,000
    CENTRAL MINNESOTA HABITAT FOR HUMANITY
    3335 WEST ST GERMAIN STREET SUITE
    108 ST CLOUD MN 56301
    ST CLOUD,MN56301     		NONE PC GENERAL OPERATION SUPPORT 7,500
    CHANNEL ONE REGIONAL FOOD BANK
    131 35TH STREET SE ROCHESTER MN
    55904
    ROCHESTER,MN55904     		NONE PC GENERAL OPERATION SUPPORT 10,000
    COATED IN LOVE
    PO BOX 47912 PLYMOUTH MN 55447
    PLYMOUTH,MN55447     		NONE PC GENERAL OPERATION SUPPORT 6,000
    COMMUNITY EMERGENCY SERVICE
    1900 11TH AVENUE SOUTH MINNEAPOLIS
    MN 55404
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATION SUPPORT 5,000
    COMMUNITY GIVING
    101 S 7TH STREET SUITE 100 ST CLOUD
    MN 56301
    ST CLOUD,MN56301     		NONE PC SCHOLARSHIP 25,000
    COOKIE CART
    1119 WEST BROADWAY AVE MINNEAPOLIS
    MN 55411
    MINNEAPOLIS,MN55411     		NONE PC GENERAL OPERATION SUPPORT 8,000
    CZECH AND SLOVAK SOKOL MINNESOTA
    383 MICHIGAN STREET ST PAUL MN
    55102
    ST PAUL,MN55102     		NONE PC GENERAL OPERATION SUPPORT 10,000
    DAKOTA WOODLANDS
    3430 WESCOTT WOODLANDS EAGAN MN
    55123
    EAGAN,MN55123     		NONE PC GENERAL OPERATION SUPPORT 7,500
    DISTRICT 742 LEAF
    C/O BRUCE HENTGES PO BOX 1132 ST
    CLOUD MN 56301
    ST CLOUD,MN56301     		NONE PC SCHOLARSHIPS/GENERAL SUPPORT 7,000
    DODOMA TANZANIA HEALTH DEVELOPMENT INC
    8085 WAYZATA BOULEVARD SUITE 103
    GOLDEN VALLEY MN 55426
    GOLDEN VALLEY,MN55426     		NONE PC GENERAL OPERATION SUPPORT 2,000
    ESSEX COUNTY GREENBELT ASSOCIATION INC
    82 EASTERN AVENUE ESSEX MA 01929
    ESSEX,MA01929     		NONE PC GENERAL OPERATION SUPPORT 2,500
    EVERY MEAL
    2723 PATTON ROAD ROSEVILLE MN 55113
    ROSEVILLE,MN55113     		NONE PC GENERAL OPERATION SUPPORT 10,000
    FEEDING OUR COMMUNITIES PARTNERS
    2120 HOWARD DRIVE WEST SUITE FG
    NORTH MANKATO MN 56003
    NORTH MANKATO,MN56003     		NONE PC GENERAL OPERATION SUPPORT 19,000
    GENERAL FEDERATION OF WOMEN'S CLUB
    C/O NEVIS WOMENS CLUB 20769 FLYING
    EAGLE DRIVE NEVIS MN 56467
    NEVIS,MN56467     		NONE PC SCHOLARSHIP 1,000
    GOLF FORE AFRICA INC
    32531 N SCOTTSDALE RD SUITE 185
    SCOTTSDALE AZ 85266
    SCOTTSDALE,AZ85266     		NONE PC GENERAL OPERATION SUPPORT 2,500
    GREATER CROSSLAKE AREA COMM FOUNDATION
    PO BOX 551 CROSSLAKE MN 56442
    CROSSLAKE,MN56442     		NONE PC SCHOLARSHIPS 4,870
    GREATER ST CLOUD PUBLIC SAFETY FOUNDATION
    101 11TH AVE NORTH ST CLOUD MN
    56303
    ST CLOUD,MN56303     		NONE PC GENERAL OPERATION SUPPORT 20,000
    GREATER ST CLOUD DEVELOPMENT CORPORATION
    501 W ST GERMAIN STREET SUITE 100
    ST CLOUD MN 56301
    ST CLOUD,MN56301     		NONE PC GENERAL OPERATION SUPPORT 10,000
    HABITAT FOR HUMANITY OF DOUGLAS COUNTY MN
    1211 N NOKOMIS NE ALEXANDRIA MN
    56308
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 25,000
    HARMON KILLEBREW-DANNY THOMPSON MEMORIAL
    CANCER FOUNDATION INC PO BOX 232
    SUN VALLEY IDAHO 83535
    SUN VALLEY,ID83535     		NONE PC GENERAL OPERATION SUPPORT 6,000
    HISTORY THEATRE
    30 E 10TH STREET ST PAUL MN 55101
    ST PAUL,MN55101     		NONE PC GENERAL OPERATION SUPPORT 10,000
    HOLY FAMILY CATHOLIC HIGH SCHOOL
    8101 KOCHIA LANE VICTORIA MN 55386
    VICTORIA,MN55386     		NONE PC GENERAL OPERATION SUPPORT 2,000
    HONOR FLIGHT
    2674 MACKUBIN ST ROSEVILLE MN 55113
    ROSEVILLE,MN55113     		NONE PC GENERAL OPERATION SUPPORT 5,000
    HOPE ACADEMY
    2300 CHICAGO AVE MINNEAPOLIS MN
    55404-3834
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATION SUPPORT 7,800
    IDAHO VETERANS GARDEN
    305 W BELMONT ST CALDWELL ID 83605
    CALDWELL,ID83605     		NONE PC GENERAL OPERATION SUPPORT 15,000
    JERICHO ROAD MINISTRIES
    1628 EAST 33RD STREET MINNEAPOLIS
    MN 55407
    MINNEAPOLIS,MN55407     		NONE PC GENERAL OPERATION SUPPORT 10,000
    JUNIOR GOLF ASSOCATION OF ARIZONA
    10888 NORTH 19TH AVENUE PHOENIX AZ
    85029
    PHOENIX,AZ85029     		NONE PC GENERAL OPERATION SUPPORT 2,500
    LEVEL GROUND
    155 FIRST AVENUE NE LAPORTEMN 56461
    LAPORTE,MN56461     		NONE PC GENERAL OPERATION SUPPORT 2,000
    LOVE INC OF DOUGLAS COUNTY LAKES AREA
    C/O TAMMY BOUSHEK 44 GLEN ROAD NW
    ALEXANDRIA MN 56308
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 2,200
    LUCY CRAFT LANEY AT CLEVELAND PARK
    COMMUNITY SCHOOL 3333 PENN AVENUE N
    MINNEAPOLIS MN 55412
    MINNEAPOLIS,MN55412     		NONE GOV GENERAL OPERATION SUPPORT 6,047
    LUTHERAN SOCIAL SERVICE OF MINNESOTA
    2485 COMO AVENUE ST PAUL MN 55108
    ST PAUL,MN55108     		NONE PC GENERAL OPERATION SUPPORT 13,000
    MEALS ON WHEELS - SOUTH SHORE
    301 COUNTY RD 19 EXCELSIORMN 55331
    EXCELSIOR,MN55331     		NONE PC GENERAL OPERATION SUPPORT 5,000
    MINNESOTA ADULT & TEEN CHALLENGE
    740 E 24TH STREET MINNEAPOLIS MN
    55404
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATION SUPPORT 100,000
    MINNESOTA LANDSCAPE ARBORETUM
    3675 ARBORETUM DRIVE CHASKA MN
    55318
    CHASKA,MN55318     		NONE PC GENERAL OPERATION SUPPORT 7,000
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BLVD APPLE VALLEY MN
    55124
    APPLE VALLEY,MN55124     		NONE PC GENERAL OPERATION SUPPORT 5,000
    NORWAY HOUSE
    913 E FRANKLIN AVENUE MINNEAPOLIS
    MN 55404
    MINNEAPOLIS,MN55404     		NONE PC GENERAL OPERATION SUPPORT 325,000
    OAK GROVE CEMETERY ASSOCIATION OF FERGUS
    FALLS C/O STEVEN EMERSON 1641
    MINNEHUTA DR
    FERGUS FALLS,MN56537     		NONE PC GENERAL OPERATION SUPPORT 3,000
    OPERATION HOMEFRONT
    16526 W 78TH STREET 184 EDEN
    PRAIRIE MN 55346
    EDEN PRAIRIE,MN55346     		NONE PC GENERAL OPERATION SUPPORT 2,500
    PAWSITIVITY SERVICE DOGS
    197 GRIGGS ST N ST PAUL MN 55104
    ST PAUL,MN55104     		NONE PC GENERAL OPERATION SUPPORT 5,000
    PINKY SWEAR FOUNDATION
    5555 78TH STREET WEST SUITE E EDINA
    MN 55439
    EDINA,MN55439     		NONE PC GENERAL OPERATION SUPPORT 30,000
    SAMARITAN PURSE
    C/O OPERATION CHRISTMAS CHILD PO
    BOX 300 801 BAMBOO ROAD
    BOONE,NC28607     		NONE PC GENERAL OPERATION SUPPORT 1,800
    SHAKOPEE COMMUNITY ASSISTANCE
    9450 EAST 275TH STREET ELKO MN
    55020
    ELKO,MN55020     		NONE PC GENERAL OPERATION SUPPORT 4,200
    SHAKOPEE EDUCATION ENDOWMENT FOUNDATION
    PO BOX 144 SHAKOPEE MN 55379
    SHAKOPEE,MN55379     		NONE PC GENERAL OPERATION SUPPORT 5,000
    SULLIVAN STEAM MAGNET
    2100 EAST 28TH STREET MINNEAPOLIS
    MN 55406
    MINNEAPOLIS,MN55406     		NONE PC GENERAL OPERATION SUPPORT 9,000
    TOY CORNER INC
    16204 LAKESIDE AVENUE PRIOR LAKE MN
    55372
    PRIOR LAKE,MN55372     		NONE PC GENERAL OPERATION SUPPORT 1,000
    TWIN CITIES COMMUNITY AGRICULTURAL LAND
    TRUST 245 CECIL ST SE MINNEAPOLIS
    MN 55414
    MINNEAPOLIS,MN55414     		NONE PC GENERAL OPERATION SUPPORT 3,000
    UNITED WAY OF CENTRAL MINNESOTA
    921 1ST STREET N SUITE 201 ST CLOUD
    MN 56303
    ST CLOUD,MN56303     		NONE PC GENERAL OPERATION SUPPORT 13,000
    WACOSA
    PO BOX 757 WAITE PARK MN 56387
    WAITE PARK,MN56387     		NONE PC GENERAL OPERATION SUPPORT 3,000
    WEST CENTRAL INITIATIVE FOUNDATION
    PO BOX 308 ALEXANDRIA MN 56308
    ALEXANDRIA,MN56308     		NONE PC GENERAL OPERATION SUPPORT 5,000
    ALEXANDRIA TECHNICAL COLLEGE
    1601 JEFFERSON STREET ALEXANDRIA MN
    56308-3799
    ALEXANDRIA,MN56308     		NONE GOV SCHOLARSHIPS 4,000
    ALEXANDRIA TECHNICAL COLLEGE FOUNDATION
    1601 JEFFERSON ALEXANDRIA MN 56308
    ALEXANDRIA,MN56308     		NONE PC SCHOLARSHIPS 47,000
    ANOKA RAMSEY COMMUNITY COLLEGE
    11200 MISSISSIPPI BLVD NW COON
    RAPIDS MN 55433
    COON RAPIDS,MN55433     		NONE GOV SCHOLARSHIPS 1,000
    BEMIDJI STATE UNIVERSITY
    FINANCIAL AID OFFICE 1500 BIRCHMOND
    DRIVE NE BOX 14 BEMIDJI MN 56601
    BEMIDJI,MN56601     		NONE GOV SCHOLARSHIPS 1,000
    BETHEL UNIVERSITY
    3900 BETHEL DRIVE ST PAUL MN 55122
    ST PAUL,MN55122     		NONE PC SCHOLARSHIPS 2,000
    BISMARCK STATE COLLEGE
    1500 EDWARDS AVENUE BISMARCK ND
    58506
    BISMARCK,ND58506     		NONE GOV SCHOLARSHIPS 2,000
    CHASKA HIGH SCHOOL
    DISTRICT EDUCATION CENTER 11 PEAVY
    ROAD CHASKA MN 55318
    CHASKA,MN55318     		NONE GOV SCHOLARSHIPS 25,000
    CONCORDIA COLLEGE
    901 - 8TH STREET S MOORHEAD MN
    56562
    MOORHEAD,MN56562     		NONE PC SCHOLARSHIPS 4,500
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD MINNEAPOLIS MN
    55403
    MINNEAPOLIS,MN55403     		NONE PC SCHOLARSHIPS 5,000
    FERGUS AREA COLLEGE FOUNDATION INC
    1414 COLLEGE WAY FERGUS FALLS MN
    56537-1000
    FERGUS FALLS,MN56537     		NONE PC SCHOLARSHIPS 115,000
    HIBBING COMMUNITY COLLEGE
    1515 EAST 25TH STREET HIBBING MN
    55746
    HIBBING,MN55746     		NONE GOV SCHOLARSHIPS 250
    IDAHO FFA FOUNDATION INC
    PO BOX 827 STAR IDAHO 83669
    STAR,ID83669     		NONE PC SCHOLARSHIPS 10,000
    MAHNOMEN AREA PARENT TEACHER & STUDENT
    ORGANIZATION 23861 140TH AVENUE
    MAHNOMEN MN 56557
    MAHNOMEN,MN56557     		NONE PC SCHOLARSHIPS 7,000
    MINNESOTA STATE COMMUNITY & TECH COLLEGE
    1414 COLLEGE WAY FERGUS FALLS MN
    56537-1000
    FERGUS FALLS,MN56537     		NONE GOV SCHOLARSHIPS 1,500
    MINNESOTA STATE UNIVERSITY MOORHEAD
    1104 SOUTH 7TH AVENUE MOORHEAD MN
    56563
    MOORHEAD,MN56563     		NONE GOV SCHOLARSHIPS 2,000
    NORTH DAKOTA STATE COLLEGE OF SCIENCE
    800 6TH STREET NORTH WAHPETON ND
    58076
    WAHPETON,ND58076     		NONE GOV SCHOLARSHIPS 1,500
    NORTH DAKOTA STATE UNIVERSITY
    1340 ADMINISTRATION AVENUE FARGO ND
    58102
    FARGO,ND58102     		NONE GOV SCHOLARSHIPS 4,000
    RIDGEWATER - WILLMAR CAMPUS
    BOX 1097 2101 15TH AVENUE NW
    WILLMAR MN 56201
    WILLMAR,MN56201     		NONE GOV SCHOLARSHIPS 1,000
    SHAKOPEE DOLLARS FOR SCHOLARS
    PO BOX 734 SHAKOPEE MN 55379
    SHAKOPEE,MN55379     		NONE PC SCHOLARSHIPS 5,000
    SOUTH HAMILTON SCHOOL DISTRICT FOUNDATION
    315 FOUNDATION STREET PO BOX 100
    JEWELL IA 50130
    JEWELL,IA50130     		NONE PC SCHOLARSHIPS 1,000
    ST CATHERINE UNIVERSITY
    2004 RANDOLPH AVENUE ST PAUL MN
    55105
    ST PAUL,MN55105     		NONE PC SCHOLARSHIPS 7,000
    ST CLOUD STATE UNIVERSITY
    720 FOURTH AVENUE SOUTH ST CLOUD MN
    56301
    ST CLOUD,MN56301     		NONE GOV SCHOLARSHIPS 74,750
    ST CLOUD TECHNICAL COLLEGE
    1540 NORTHWAY DRIVE ST CLOUD MN
    56303
    ST CLOUD,MN56303     		NONE GOV SCHOLARSHIPS 1,200
    UNIVERSITY OF MINNESOTA
    200 FRASER HALL 106 PLEASANT ST NE
    MINNEAPOLIS MN 55455
    MINNEAPOLIS,MN55455     		NONE GOV SCHOLARSHIPS 5,500
    UNIVERSITY OF MINNESOTA CROOKSTON
    2900 UNIVERSITY AVENUE CROOKSTON MN
    56716
    CROOKSTON,MN56716     		NONE GOV SCHOLARSHIPS 1,000
    UNIVERSITY OF MINNESOTA DULUTH
    FINANCIAL AID 1049 UNIVERSITY DRIVE
    DULUTH MN 55812
    DULUTH,MN55812     		NONE GOV SCHOLARSHIPS 3,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    PO BOX 860266 MINNEAPOLIS MN
    55486-0266
    MINNEAPOLIS,MN55486     		NONE PC SCHOLARSHIPS 1,616,225
    UNIVERSITY OF MINNESOTA MORRIS
    UMM BUSINESS OFFICE 600 E 4TH
    STREET MORRIS MN 56267
    MORRIS,MN56267     		NONE GOV SCHOLARSHIPS 2,000
    UNIVERSITY OF NORTHWESTERN ST PAUL
    416 S OTTER AVENUE PARKERS PRAIRIE
    MN 56361
    PARKERS PRAIRIE,MN56361     		NONE PC SCHOLARSHIPS 1,000
    UNIVERSITY OF ST THOMAS
    2115 SUMMIT AVENUE ST PAUL MN 55105
    ST PAUL,MN55105     		NONE PC SCHOLARSHIPS 3,500
    Total .................................bullet 3a 2,988,700
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 74,881  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,843,781  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISC REV - COBORN REVENUE     		    03 67,518  
    bMISC REV - SHOREWOOD CAMPUS     03 891,333  
    cMISC REV - CMSH     03 3,150,524  
    dMISC REV - FOUNDATION     03 77,459  
    eMISC REV - LEXINGTON     03 223,112  
    fMISC REV - ESPLANADE     03 103,683  
    12 Subtotal. Add columns (b), (d), and (e) .. 0 7,367,042 21,074,642
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,441,684
    (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.)
    1A SUPPORTING STUDENT EDUCATION THROUGH THE CREATION OF AND OPERATION OF STUDENT HOUSING.
    1B SUPPORT, MANAGE AND MAINTAIN SENIOR HOUSING.
    1C SUPPORTING STUDENT EDUCATION THROUGH THE CREATION OF AND OPERATION OF STUDENT HOUSING.
    1D SUPPORTING STUDENT EDUCATION THROUGH THE CREATION OF AND OPERATION OF STUDENT HOUSING.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 11,972 5,986 5,986 0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Name of Stock End of Year Book Value End of Year Fair Market Value
    RBC FDS TD US GOVT MONEY MKT 274 274
    VANGUARD TOTAL STOCK MARKET ETF 14,360,088 22,430,734
    ABBOTT LABORATORIES 58,838 116,251
    ABBVIE INC 75,049 118,069
    ALPHABET INC CLASS A COMMON STOCK 50,857 107,190
    AMAZON.COM INC 52,465 100,030
    AMGEN INC 84,726 97,412
    APPLE INC 39,422 122,346
    AT&T 123,127 88,363
    AUTOMATIC DATA PROCESSING INC 67,422 116,139
    BANK OF AMERICA CORP 65,538 112,738
    BERKSHIRE HATHAWAY INC 74,195 107,341
    BOEING CO 102,111 87,373
    BRISTOL MYERS SQUIBB CO 86,087 92,029
    CATEPILLAR INC 70,725 99,442
    CHEVRON CORPORATION 93,577 115,120
    CISCO SYSTEMS INC 80,900 114,890
    COCA COLA COMPANY 84,180 105,157
    DIAMOND HILL FDS 501,925 611,848
    ECOLAB INC 72,210 108,381
    ELI LILLY & CO 44,249 105,792
    EXXON MOBIL CORP 90,755 106,225
    FEDEX CORP 76,171 94,145
    FRANKLIN SMALL CAP GROWTH 482,989 517,968
    GENERAL MILLS INC 91,044 117,241
    GOLDMAN SACHS GROUP INC 57,858 98,698
    HOME DEPOT INC 60,308 124,503
    HONEYWELL INTL INC 67,793 90,910
    INTEL CORP 93,511 96,254
    INTERNATIONAL BUSINESS MACHINES CORP 85,062 93,829
    ISHARES CORE S&P MID CAP ETF 1,797,821 1,887,577
    ISHARES CORE S&P TOTAL US STOCK MARKET ETF 1,707,307 1,905,956
    JOHNSON & JOHNSON 79,784 99,221
    JPMORGAN CHASE & CO 73,242 101,977
    KIMBERLY CLARK CORP 88,681 107,476
    KYNDRYL HOLDINGS INC COMMON STOCK 3,694 2,516
    MASTERCARD INC 75,870 97,016
    MCDONALDS CORP 76,367 113,662
    MERCK & CO 87,592 102,391
    META PLATFORMS INC CLASS A COMMON STOCK 50,570 93,169
    MICROSOFT CORP 43,580 117,039
    NVIDIA CORP 74,964 144,114
    ORACLE CORP 56,136 98,024
    PAYPAL HOLDINGS INC COM 93,797 67,134
    PFIZER INC 80,479 131,859
    PROCTER & GAMBLE CO 66,487 115,651
    SALESFORCE.COM INC 91,751 101,652
    SCHWAB STRATEGIC TR US LARGE-CAP ETF 1,698,918 1,917,412
    SCHWAB STRATEGIC TR US SMALL-CAP ETF 601,897 603,750
    SCHWAB STRATEGIC TR US LCAP GR ETF 4,105,400 4,641,985
    STRYKER CORP 68,819 101,620
    T ROWE PRICE DIVERSIFIED MID CAP GROWTH FDS 485,657 548,821
    TARGET CORP 36,536 88,642
    TESLA INC COMMON STOCK 103,012 147,949
    UNITED PARCEL SVC INC 59,790 111,457
    US BANCORP DEL 95,900 99,758
    VANGUARD INDEX FUNDS VANGUARD VALUE ETF 965,170 1,056,838
    VERIZON COMMUNICATIONS 97,885 94,100
    VIRTUS INVT TR NFJ MID CAP VALUE FD CL P 518,446 549,571
    VISA INC 62,207 90,585
    WALMART INC 68,007 99,691
    WALT DISNEY CO 65,791 87,358
    WASTE MANAGEMENT INC 64,357 112,658
    XCEL ENERGY INC 73,971 98,910
    3M COMPANY 106,790 90,058
    MEDTRONIC PLC 73,408 81,001
    SCHWAB STRATEGIC TR EMERGING MKTS EQUITY ETF 103,988 95,939
    SPDR INDEX SHARES FUNDS SPDR PORTFOLIO DEVELOPED WORLD EX US ETF 791,169 785,998
    RBC FDS TD US GOVT MONEY MKT 427,297 427,297
    PATRIOT BONDS 2,641 2,641

    TY 2021 LegalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,189 0 6,189 0


    TY 2021 OtherAssetsSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    TENANT SECURITY DEPOSITS 691,127 765,456 765,456
    RESERVES - CMSH 1,603,574 0 0
    RESERVES - COBORN 124,035 0 0
    BENEFICIAL INTEREST IN CHAR REM TRUST 763,119 1,073,972 1,073,972
    FINANCING FEES - SHOREWOOD 188,547 18,257 18,257
    FINANCING FEES - CMSH 164,517 0 0
    FINANCING FEES - COBORN 162,710 0 0
    LAND, UNDER LONG-TERM COMMERCIAL LEASE 136,917 136,917 136,917
    LONG TERM LEASE RECEIVABLE - RETAIL 611,621 0 0
    CMSH - GOODWILL 5,044,345 5,044,345 5,044,345
    INVESTMENT IN ESPLANADE -261,129 -592,948 -592,948
    FINANCING FEES - LEXINGTON 301,020 0 0
    RESERVES - LEXINGTON 6,210,284 44,346 44,346


    TY 2021 OtherDecreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Amount
    INCOME FROM SUBSIDIARY 331,819


    TY 2021 OtherExpensesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SHOREWOOD CAMPUS ADMINISTRATIVE 540,813 0 540,813 0
    CMSH ADMINISTRATIVE 806,045 0 806,045 0
    LEXINGTON ADMINISTRATIVE 2,010,712 0 2,010,712 0
    COBORN PLAZA ADMINISTRATIVE 303,099 0 303,099 0
    ALBION 17,484 0 17,484 0
    FOUNDATION ADMIN 65,445 0 0 65,445


    TY 2021 OtherIncomeSchedule2
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PROGRAM - SHOREWOOD CAMP 7,016,284   7,016,284
    PROGRAM - CMSH 8,455,260   8,455,260
    PROGRAM - COBORN PLAZA 1,081,028   1,081,028
    PROGRAM - LEXINGTON 4,522,070   4,522,070
    MISC REV - COBORN REVENUE 67,518   67,518
    MISC REV - SHOREWOOD CAMPUS 891,333   891,333
    MISC REV - CMSH 3,150,524   3,150,524
    MISC REV - FOUNDATION 77,459   77,459
    MISC REV - LEXINGTON 223,112   223,112
    MISC REV - ESPLANADE 103,683   103,683


    TY 2021 OtherIncreasesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Amount
    CHANGE IN VALUE OF BENEFICIAL INTEREST IN CRUT 310,853


    TY 2021 OtherLiabilitiesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Description Beginning of Year - Book Value End of Year - Book Value
    DEPOSITS - SHOREWOOD 467,900 526,027
    ACCRUED INTEREST 0 108,974
    PREPAID RENT 372,513 0
    DEPOSITS - COBORN 44,874 0
    DEPOSITS - LEXINGTON 147,264 254,734


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    JA WEDUM FOUNDATION
    EIN:
    41-6025661
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 69,913 69,913 0 0
    CONSULTING FEES 12,000 0 12,000 0