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
IDA KORAN TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

41-6124022
B Telephone number (see instructions)

(612) 303-3259
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$52,360,055J 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... 661,720 660,817  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,382,390
b Gross sales price for all assets on line 6a 6,112,128
7 Capital gain net income (from Part IV, line 2)... 2,382,390
8 Net short-term capital gain......... 0
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 26,654 26,654  
12 Total. Add lines 1 through 11........ 3,070,764 3,069,861  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 281,126 210,844   70,281
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment 11,204 0 0 11,204
b Accounting fees (attach schedule)....... Click to see attachment 14,200 0 0 14,200
c Other professional fees (attach schedule).... Click to see attachment 144,105     144,105
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 56,495 7,206   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment 114,084 6,558   107,526
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 621,214 224,608 0 347,316
25 Contributions, gifts, grants paid....... 1,982,188 1,982,188
26 Total expenses and disbursements. Add lines 24 and 25 2,603,402 224,608 0 2,329,504
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 467,362
b Net investment income (if negative, enter -0-) 2,845,253
c Adjusted net income (if negative, enter -0-)... 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............. 1,185 497 497
2 Savings and temporary cash investments......... 2,559,850 2,963,401 2,963,401
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
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 bullet0      
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)....... 13,702,276 Click to see attachment13,915,432 31,442,137
c Investments—corporate bonds (attach schedule)....... 7,495,824 Click to see attachment6,954,318 6,990,223
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,132,076 Click to see attachment4,726,932 8,421,111
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,807,114 Click to see attachment2,542,686 Click to see attachment2,542,686
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 30,698,325 31,103,266 52,360,055
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
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........ 30,698,325 31,103,266
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)..... 30,698,325 31,103,266
30 Total liabilities and net assets/fund balances (see instructions). 30,698,325 31,103,266
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
30,698,325
2
Enter amount from Part I, line 27a .....................
2
467,362
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
13,400
4
Add lines 1, 2, and 3 ..........................
4
31,179,087
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
75,821
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,103,266
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 54541.169 COLUMBIA CORPORATE INC FD INSTL     2021-01-19
b 13377.926 PGIM TOTAL RETURN BOND CL R6   2020-09-02 2021-01-19
c 100. STANDARD & POORS DEPOSITARY RECEIPTS   2020-12-04 2021-01-19
d 100000. BP CAPITAL MARKETS 3.561% 11/01/21   2017-01-05 2021-01-22
e 12.12 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-02-15
100000. JPMORGAN CHASE CO 2.550% 3/01/21   2017-01-05 2021-02-18
72.89 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-02-25
61.27 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-02-25
63.76 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-02-25
27.87 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-02-25
852.66 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-02-25
6.23 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-02-25
157.67 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-02-25
13.3 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-02-25
850. ISHARES RUSSELL MIDCAP GROWTH ETF   2020-12-17 2021-02-25
325. PAYPAL HOLDINGS INC     2021-02-25
923. ALBEMARLE CORP     2021-02-26
71. ALPHABET INC CL A     2021-02-26
28. AMAZON COM INC COM     2021-02-26
3944. CABOT OIL & GAS CORP CL A     2021-02-26
529. ELECTRONIC ARTS COM     2021-02-26
317. FACEBOOK INC A     2021-02-26
15. PAYPAL HOLDINGS INC   2019-12-19 2021-02-26
548. RINGCENTRAL INC     2021-02-26
756. SCHWAB CHARLES CORP NEW COM   2018-05-22 2021-02-26
62. SERVICENOW INC   2018-05-22 2021-02-26
135. TRADE DESK INC THE CLASS A   2019-11-05 2021-02-26
112. TYLER TECHNOLOGIES INC     2021-02-26
27. UNITEDHEALTH GROUP INC COM   2018-05-22 2021-02-26
208. ELECTRONIC ARTS COM   2019-05-20 2021-03-05
337. CHUBB LTD   2018-05-22 2021-03-05
11.95 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-03-15
1500. INVESCO QQQ TRUST ETF   2020-05-08 2021-03-15
19110.493 PGIM TOTAL RETURN BOND CL R6     2021-03-15
12.27 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-03-25
75.31 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-03-25
67.28 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-03-25
26.41 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-03-25
5.79 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-03-25
518.31 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-03-25
34.37 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-03-25
13.36 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-03-25
579. MICRON TECHNOLOGY INC COM   2019-12-19 2021-03-25
103. MICRON TECHNOLOGY INC COM   2021-02-26 2021-03-25
12.44 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-04-15
11.04 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-04-25
58.03 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-04-25
134.18 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-04-25
28.27 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-04-25
6.09 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-04-25
3.49 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-04-25
276.25 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-04-25
933.89 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-04-25
782. BANK OF AMERICA CORP   2018-05-22 2021-04-30
694. MICRON TECHNOLOGY INC COM     2021-04-30
100000. APPLE INC 2.850% 5/06/21   2017-01-05 2021-05-06
143. ELECTRONIC ARTS COM   2019-05-20 2021-05-11
12.51 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-05-15
11.35 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-05-25
93.48 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-05-25
53.81 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-05-25
28.5 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-05-25
6.12 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-05-25
3.51 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-05-25
160.54 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-05-25
8.39 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-05-25
677. BANK OF AMERICA CORP   2018-05-22 2021-06-09
2861. CABOT OIL & GAS CORP CL A     2021-06-09
380. SCHWAB CHARLES CORP NEW COM   2018-05-22 2021-06-09
638.36 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-06-15
30.28 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-06-25
83.26 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-06-25
51.87 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-06-25
28.85 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-06-25
11.12 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-06-25
3.52 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-06-25
395.84 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-06-25
8.43 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-06-25
3733.201 VANGUARD 500 IND   2012-08-06 2021-07-06
8.8 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-07-15
12.45 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-07-25
168.66 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-07-25
57.88 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-07-25
46.93 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-07-25
6.22 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-07-25
3.55 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-07-25
117.02 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-07-25
8.47 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-07-25
427. J P MORGAN CHASE & CO     2021-07-26
220. MICROSOFT CORP     2021-07-26
254. TARGET CORPORATION   2020-01-17 2021-07-26
9.21 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-08-15
43.57 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-08-25
122.37 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-08-25
45.08 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-08-25
84.85 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-08-25
6.26 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-08-25
3.57 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-08-25
168.36 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-08-25
8.51 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-08-25
222. AMERICAN TOWER CORP   2021-02-26 2021-09-09
140. COSTCO WHSL CORP NEW COM   2018-05-22 2021-09-09
16. EDWARDS LIFESCIENCES CORP COM   2021-02-26 2021-09-09
255. EDWARDS LIFESCIENCES CORP COM   2018-05-22 2021-09-09
58. INTUIT INC COMMON STOCK   2020-04-03 2021-09-09
144. NVIDIA CORP   2021-02-26 2021-09-09
527. TRANSUNION     2021-09-09
837.862 VANGUARD 500 IND   2012-08-06 2021-09-09
437.87 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-09-15
28.02 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-09-25
74.47 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-09-25
42.2 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-09-25
26.07 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-09-25
6.29 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-09-25
3.59 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-09-25
30.26 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-09-25
872.24 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-09-25
1. BANK OF NY MTN 2.600% 2/07/22   1911-11-11 2021-10-01
5.91 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-10-15
10.68 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-10-25
84.65 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-10-25
106.54 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-10-25
26.22 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-10-25
6.33 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-10-25
3.61 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-10-25
132.1 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-10-25
4.79 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-10-25
810. BANK OF AMERICA CORP   2018-05-22 2021-11-05
130. COSTCO WHSL CORP NEW COM   2018-05-22 2021-11-05
9. COSTCO WHSL CORP NEW COM   2021-03-25 2021-11-05
91. HOME DEPOT INC COM   2021-07-26 2021-11-05
17. INTUIT INC COMMON STOCK   2020-04-03 2021-11-05
41. INTUIT INC COMMON STOCK   2021-02-26 2021-11-05
62. TYLER TECHNOLOGIES INC   2018-12-10 2021-11-05
5.97 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-11-15
70.64 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-11-25
77.6 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-11-25
51.72 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-11-25
47.31 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-11-25
11.33 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-11-25
3.63 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-11-25
29.54 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-11-25
4.81 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-11-25
6.25 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-12-15
12.34 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-12-25
86.71 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-12-25
49.28 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-12-25
28.73 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-12-25
6.43 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-12-25
3.74 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-12-25
30.73 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-12-25
4.84 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-12-25
11.88 F N M A #252717 7.500% 9/01/29   2000-01-11 2021-12-31
83.27 F N M A #254983 5.500% 12/01/33   2003-11-19 2021-12-31
105.3 F N M A #254984 6.000% 12/01/33   2003-11-19 2021-12-31
168.21 F N M A #323681 7.000% 4/01/29   2000-01-11 2021-12-31
6.47 F N M A #772256 6.000% 11/01/33   2004-02-26 2021-12-31
3.76 F N M A #772130 6.000% 11/01/33   2004-02-26 2021-12-31
113.8 F N M A #772641 5.000% 3/01/34   2005-03-04 2021-12-31
4.86 F N M A #802488 5.500% 11/01/34   2005-03-02 2021-12-31
6.03 G N M A #564917 7.000% 10/15/31   2001-10-11 2021-12-31
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CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 604,862   625,000 -20,138
b 200,268   200,928 -660
c 37,707   36,894 813
d 102,524   104,825 -2,301
e 12   13 -1
100,000   100,058 -58
73   72 1
61   62 -1
64   66 -2
28   27 1
853   889 -36
6   7 -1
158   156 2
13   13  
90,176   87,703 2,473
84,610   36,039 48,571
143,857   90,749 53,108
144,111   83,302 60,809
86,322   50,781 35,541
72,364   73,411 -1,047
71,371   51,065 20,306
83,258   58,779 24,479
3,868   1,625 2,243
208,501   43,768 164,733
46,799   45,171 1,628
33,062   10,537 22,525
107,639   26,988 80,651
52,296   23,936 28,360
8,982   6,629 2,353
27,264   19,638 7,626
56,701   45,589 11,112
12   12  
474,558   334,687 139,871
275,382   282,873 -7,491
12   12  
75   77 -2
67   70 -3
26   25 1
6   6  
518   541 -23
34   34  
13   13  
48,147   31,938 16,209
8,565   9,434 -869
12   13 -1
11   11  
58   59 -1
134   139 -5
28   27 1
6   6  
3   4 -1
276   274 2
934   942 -8
31,806   24,155 7,651
60,995   37,516 23,479
100,000   102,777 -2,777
20,170   13,501 6,669
13   13  
11   11  
93   95 -2
54   56 -2
29   27 2
6   6  
4   4  
161   159 2
8   8  
28,840   20,912 7,928
49,321   49,210 111
28,088   22,705 5,383
638   661 -23
30   30  
83   85 -2
52   54 -2
29   28 1
11   12 -1
4   4  
396   392 4
8   9 -1
1,497,051   480,486 1,016,565
9   9  
12   12  
169   172 -3
58   60 -2
47   45 2
6   6  
4   4  
117   116 1
8   9 -1
64,607   48,627 15,980
63,508   25,887 37,621
66,226   29,821 36,405
9   10 -1
44   43 1
122   125 -3
45   47 -2
85   81 4
6   7 -1
4   4  
168   167 1
9   9  
66,617   48,635 17,982
65,236   27,958 37,278
1,957   1,337 620
31,188   11,645 19,543
33,031   12,693 20,338
32,130   19,783 12,347
65,562   37,369 28,193
348,417   107,838 240,579
438   453 -15
28   28  
74   76 -2
42   44 -2
26   25 1
6   7 -1
4   4  
30   30  
872   879 -7
2     2
6   6  
11   10 1
85   86 -1
107   111 -4
26   25 1
6   7 -1
4   4  
132   131 1
5   5  
38,224   25,020 13,204
66,183   25,961 40,222
4,582   3,069 1,513
33,611   30,080 3,531
10,521   3,720 6,801
25,373   16,104 9,269
33,196   11,465 21,731
6   6  
71   69 2
78   79 -1
52   54 -2
47   45 2
11   12 -1
4   4  
30   29 1
5   5  
6   6  
12   12  
87   88 -1
49   51 -2
29   28 1
6   7 -1
4   4  
31   30 1
5   5  
12   12  
83   85 -2
105   109 -4
168   161 7
6   7 -1
4   4  
114   113 1
5   5  
6   6  
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
      63,509
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       -20,138
b       -660
c       813
d       -2,301
e       -1
      -58
      1
      -1
      -2
      1
      -36
      -1
      2
       
      2,473
      48,571
      53,108
      60,809
      35,541
      -1,047
      20,306
      24,479
      2,243
      164,733
      1,628
      22,525
      80,651
      28,360
      2,353
      7,626
      11,112
       
      139,871
      -7,491
       
      -2
      -3
      1
       
      -23
       
       
      16,209
      -869
      -1
       
      -1
      -5
      1
       
      -1
      2
      -8
      7,651
      23,479
      -2,777
      6,669
       
       
      -2
      -2
      2
       
       
      2
       
      7,928
      111
      5,383
      -23
       
      -2
      -2
      1
      -1
       
      4
      -1
      1,016,565
       
       
      -3
      -2
      2
       
       
      1
      -1
      15,980
      37,621
      36,405
      -1
      1
      -3
      -2
      4
      -1
       
      1
       
      17,982
      37,278
      620
      19,543
      20,338
      12,347
      28,193
      240,579
      -15
       
      -2
      -2
      1
      -1
       
       
      -7
      2
       
      1
      -1
      -4
      1
      -1
       
      1
       
      13,204
      40,222
      1,513
      3,531
      6,801
      9,269
      21,731
       
      2
      -1
      -2
      2
      -1
       
      1
       
       
       
      -1
      -2
      1
      -1
       
      1
       
       
      -2
      -4
      7
      -1
       
      1
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2,382,390
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 39,549
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 39,549
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 41,695
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 41,695
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 2,146
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,146 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 addressbullet://www.idakorantrust.org/
    14
    The books are in care ofbulletUS BANK NA Telephone no.bullet (855) 452-4064

    Located atbullet800 NICOLLETT MALLMINNEAPOLISMN ZIP+4bullet55402
    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)
    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
    US BANK N A TRUSTEE
    8     		281,126    
    PO BOX 0634
    MILWAUKEE,WI532010634
    DIANA LEWIS TRUSTEE
    1     		0    
    301 KENWOOD PARKWAY 302
    MINNEAPOLIS,MN55403
    STEVE FRITZE TRUSTEE
    1     		0    
    645 HIDDEN CREEK TRAIL
    MENDOTA HEIGHT,MN55118
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    SCHOLARSHIP AMERICA GRANT/LOAN MANAGEMEN 62,110
    PO BOX 0634
    MILWAUKEE,WI53201
    ASPIRE MANAGEMENT GRANT/LOAN MANAGEMEN 81,995
    PO BOX 0634
    MILWAUKEE,WI53201
    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 HARDSHIP LOANS TO EMPLOYEES OF ECOLAB - LOANS ARE ACCORDING TO APPROVED CRITERIA 27,400
    2 STUDENT LOANS TO DEPENDENTS OF ECOLAB EMPLOYEES - GRANTED ACCORDING TO APPROVED CRITERIA 185,100
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet212,500
    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
    45,574,574
    b
    Average of monthly cash balances.......................
    1b
    2,704,671
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    48,279,245
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    48,279,245
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    724,189
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    47,555,056
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    2,377,753
    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
    2,377,753
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    39,549
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    39,549
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,338,204
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    423,781
    5
    Add lines 3 and 4............................
    5
    2,761,985
    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
    2,761,985
    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 2,761,985
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,340,584
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 0
    d From 2019...... 0
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,542,004
    a Applied to 2020, but not more than line 2a 1,340,584
    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..... 1,201,420
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		1,560,565
    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) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 0
    c Excess from 2019.... 0
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    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).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    IDA C KORAN STUDENT AID PROGRAM
    P O BOX 297
    ST PETER,MN56082
    (800) 537-4180
    bThe form in which applications should be submitted and information and materials they should include:
    IDS C KORAN STUDENT LOAN APPLICATION
    cAny submission deadlines:
    FEBRUARY 18 CURRENT YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    DEPENDENT CHILDREN OF EMPLOYEES WITH 2 YEARS OF CONTINUOUS SERVICE
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ADMINISTRATIVE COORDINATOR
    370 WABASHA STREET
    ST PAUL,MN55102
    (651) 293-2392
    bThe form in which applications should be submitted and information and materials they should include:
    IDA C KORAN FINANCIAL ASSISTANCE APPLICATIONS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FULL TIME EMPLOYEES OR SURVIVING SPOUSE WITH 2 YEAR CONTINUOUS SERVICE
    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
    HARSHIP GRANTS TO ECOLAB PASTPRESENT
    EMPLOYEES
    370 WABASHA STREET
    ST PAUL,MN55102     		NONE I HARDSHIP GRANTS 642,863
    SCHOLARSHIP AMERICA
    P O BOX 297
    ST PETER,MN56082     		NONE PC ACADEMIC SCHOLARSHIPS 1,339,325
    Total .................................bullet 3a 1,982,188
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,382,390  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP/S-CORP     		    1 26,606  
    bOTHER INCOME     1 48  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   3,070,764  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,070,764
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE (NON-ALLOC 14,200     14,200

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Name of Bond End of Year Book Value End of Year Fair Market Value
    94974BGP9 WELLS FARGO CO MTN 101,109 106,558
    58013MES9 MCDONALDS CORP MTN 102,494 105,065
    91324PCP5 UNITEDHEALTH GROUP 100,526 108,426
    31420B300 FEDERATED HERMES INS 1,753,990 1,768,478
    166764AG5 CHEVRON CORP    
    38141EA58 GOLDMAN SACHS GP MTN    
    14912L6G1 CATERPILLAR MTN 101,603 106,111
    17275RAN2 CISCO SYSTEMS INC 105,858 106,088
    46625HQJ2 JPMORGAN CHASE CO    
    037833AR1 APPLE INC    
    05565QBU1 BP CAPITAL MARKETS    
    92826CAD4 VISA INC 101,251 106,700
    13161T401 CALVERT SHORT DURATI    
    057071854 BAIRD AGGREGATE BOND 2,096,478 2,080,665
    857477AM5 STATE STREET CORP 103,051 105,217
    06406RAG2 BANK OF NY MTN 101,628 103,552
    912828SV3 U S TREASURY NT 51,164 50,293
    74440B884 PGIM TOTAL RETURN BO 1,799,339 1,802,737
    458140AR1 INTEL CORP 101,147 101,555
    747525AE3 QUALCOMM INC 99,463 101,005
    585055BS4 MEDTRONIC INC 69,540 72,398
    912828SF8 U S TREASURY NT 165,677 165,375

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Name of Stock End of Year Book Value End of Year Fair Market Value
    00769G543 CAMBIAR INTL EQUITY    
    278865100 ECOLAB INC 380,433 4,504,128
    149498107 CAUSEWAY EMERGING MA    
    78467Y107 SPDR S P MIDCAP 400 489,791 1,087,128
    06828M876 BARON EMERGING MARKE 859,700 1,167,442
    464287465 ISHARES MSCI EAFE ET 572,142 944,160
    89114QBC1 TORONTO DOMINION    
    76680R206 RINGCENTRAL INC 134,764 137,140
    78409V104 S P GLOBAL INC 23,016 54,272
    893641100 TRANSDIGM GROUP INC 76,152 132,346
    03027X100 AMERICAN TOWER CORP 283,482 472,388
    060505104 BANK OF AMERICA CORP 95,394 153,668
    848637104 SPLUNK INC    
    81762P102 SERVICENOW INC 10,562 40,894
    G6095L109 APTIV PLC 28,706 65,980
    247361702 DELTA AIR LINES INC    
    922908710 VANGUARD 500 INDEX A 2,598,410 8,879,599
    608190104 MOHAWK INDS INC CO    
    30303M102 FACEBOOK INC A 95,552 186,002
    98MSCF1J1 PARTNERS GRP PRVT EQ 1,295,871 3,053,004
    H1467J104 CHUBB LTD 23,281 30,156
    56585A102 MARATHON PETROLEUM C 191,164 204,512
    594918104 MICROSOFT CORP 148,034 495,063
    15135B101 CENTENE CORP COM 141,494 209,378
    70450Y103 PAYPAL HOLDINGS INC 101,001 171,985
    89400J107 TRANSUNION 62,638 101,149
    931142103 WAL MART STORES INC 85,464 143,822
    127097103 CABOT OIL GAS CORP C    
    023135106 AMAZON.COM INC 208,841 406,789
    012653101 ALBEMARLE CORP 45,461 152,418
    57636Q104 MASTERCARD INC 46,592 62,162
    902252105 TYLER TECHNOLOGIES I 13,129 38,194
    46625H100 J P MORGAN CHASE CO 126,976 165,001
    524686524 CLEARBRIDGE INTERNAT 2,074,803 3,238,616
    808513105 SCHWAB CHARLES CORP 93,911 176,946
    440452100 HORMEL FOODS CORP    
    22160K105 COSTCO WHSL CORP 55,446 96,509
    28176E108 EDWARDS LIFESCIENCES 23,475 36,404
    91324P102 UNITED HEALTH GROUP 42,461 86,870
    N59465109 MYLAN NV    
    02079K305 ALPHABET INC CL A 80,207 214,381
    024835100 AMERICAN CAMPUS COMM    
    595112103 MICRON TECHNOLOGY IN 100,426 148,667
    037833100 APPLE INC 215,153 504,299
    464287655 ISHARES RUSSELL 2000 948,464 1,334,700
    78462F103 SPDR S P 500 ETF    
    464287481 ISHARES RUSSELL MIDC 292,651 483,924
    285512109 ELECTRONIC ARTS INC    
    375558103 GILEAD SCIENCES INC 111,487 125,978
    097023105 BOEING CO    
    33829M101 FIVE BELOW    
    88339J105 TRADE DESK INC THE C 42,867 115,466
    461202103 INTUIT INC 40,191 68,181
    57667L107 MATCH GROUP INC NEW 121,192 193,085
    87918A105 TELADOC INC 215,569 109,082
    87612E106 TARGET CORP 74,569 120,349
    79466L302 SALESFORCE COM INC 120,453 161,373
    92556V106 VIATRIS INC 124,640 108,226
    776696106 ROPER INDS INC 101,086 135,262
    217204106 COPART INC COM 85,332 134,942
    G5960L103 MEDTRONIC PLC 74,034 76,450
    30063P105 EXACT SCIENCES CORPO 171,422 123,983
    98954M101 ZILLOW GROUP INC 65,592 61,349
    67066G104 NVIDIA CORP 65,053 150,584
    22266L106 COUPA SOFTWARE INC 186,980 115,377
    437076102 HOME DEPOT INC 58,714 93,792
    852234103 SQUARE INC A 69,204 46,192
    009066101 AIRBNB INC CL A 122,000 122,370

    TY 2021 InvestmentsOtherSchedule2
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    98MSC15L3 IDR CORE EQUITY RE S AT COST 416,464 1,064,769
    99MSCPGB8 POINTER OFFSHORE LTD AT COST 900,000 3,484,936
    912828SF8 U S TREASURY NT      
    31374TRA9 F N M A #323681 AT COST 1,762 2,003
    31404L5R7 F N M A #772256 AT COST 784 827
    36213USE1 G N M A #564917 AT COST 1,004 1,030
    31404MLW6 F N M A #772641 AT COST 4,400 5,016
    31405XRH8 F N M A #802488 AT COST 1,112 1,208
    46090E103 INVESCO QQQ TRUST ET AT COST 317,918 596,775
    46432F842 ISHARES CORE MSCI EA AT COST 301,141 324,684
    46434G103 ISHARES CORE MSCI EM AT COST 995,017 1,077,480
    464287648 ISHARES RUSSELL 2000 AT COST 174,043 190,483
    31371LFZ7 F N M A #254984 AT COST 4,054 4,499
    31404LY38 F N M A #772130 AT COST 414 436
    31371LFY0 F N M A #254983 AT COST 3,558 3,958
    922908553 VANGUARD REAL ESTATE AT COST 57,321 81,207
    19765N518 COLUMBIA INCOME FD C      
    31371HVJ4 F N M A #252717 AT COST 920 1,079
    808524870 SCHWAB U S TIPS ETF AT COST 650,987 660,345
    52469F721 WESTERN ASSET INCOME AT COST 275,000 275,452
    500767736 QUADRATIC INTRST RT AT COST 150,600 142,305
    464287168 ISHARES SELECT DIV E AT COST 470,433 502,619

    TY 2021 LegalFeesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES - PRINCIPAL (ALLOCA 11,204     11,204


    TY 2021 OtherAssetsSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INCOME 17,301 20,789 20,789
    LOANS PROGRAM RELATED INVESTME 2,789,813 2,521,897 2,521,897


    TY 2021 OtherDecreasesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Description Amount
    CY PENDING SALES ADJ 2
    PY ROC ADJ 3,670
    PURCHASE OF ACCRUED INTEREST 12
    LOANS WRITTEN OFF 70,035
    COST BASIS ADJ 2,102


    TY 2021 OtherExpensesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 102 102   0
    STATE FILING FEES 25 0   25
    INSURANCE - AFINITY NONPROFITS 14,509 0   14,509
    ADMINISTRATIVE FEES 48,437 0   48,437
    TECHNOLOGY EXPENSES 42,403 0   42,403
    COLLECTION FEES 2,134 0   2,134
    PARTNERSHIP EXPENSES 6,456 6,456   0
    WIRE FEE 18 0   18


    TY 2021 OtherIncomeSchedule2
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 48 48  
    PARTNERSHIP INCOME 26,606 26,606  


    TY 2021 OtherIncreasesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Description Amount
    RECOVERIES 13,400


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARSHIP AMERICA MANAGEMENT 62,110     62,110
    ASPIRE MANAGEMENT 81,995     81,995


    TY 2021 TaxesSchedule
    Name:
    IDA KORAN TRUST
    EIN:
    41-6124022
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 4,690 4,690   0
    FEDERAL TAX PAYMENT - PRIOR YE 7,594 0   0
    FEDERAL ESTIMATES - PRINCIPAL 41,695 0   0
    FOREIGN TAXES ON NONQUALIFIED 2,516 2,516   0