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
MITHUN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)900 EAST WAYZATA BOULEVARD 130
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WAYZATA, MN55391
A Employer identification number

36-3495071
B Telephone number (see instructions)

(612) 343-3561
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$73,798,253J 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 87,546 87,546  
4 Dividends and interest from securities... 637,868 637,868  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,071,598
b Gross sales price for all assets on line 6a 21,236,475
7 Capital gain net income (from Part IV, line 2)... 7,071,598
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 288,268 288,268  
12 Total. Add lines 1 through 11........ 8,085,280 8,085,280  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,991 5,092   899
c Other professional fees (attach schedule).... Click to see attachment 620,143 535,149   84,994
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 23,185 5,185   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 46,325 46,325   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 695,644 591,751   85,893
25 Contributions, gifts, grants paid....... 3,018,083 3,018,083
26 Total expenses and disbursements. Add lines 24 and 25 3,713,727 591,751   3,103,976
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,371,553
b Net investment income (if negative, enter -0-) 7,493,529
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,287,921 2,561,022 2,561,022
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 33,692,753 Click to see attachment39,272,224 64,681,962
c Investments—corporate bonds (attach schedule)....... 3,384,668 Click to see attachment1,842,556 1,832,584
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 4,330,982 Click to see attachment3,392,075 4,722,685
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,696,324 47,067,877 73,798,253
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 42,696,324 47,067,877
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 42,696,324 47,067,877
30 Total liabilities and net assets/fund balances (see instructions). 42,696,324 47,067,877
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
42,696,324
2
Enter amount from Part I, line 27a .....................
2
4,371,553
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
47,067,877
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
47,067,877
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    
b MATLINPATTERSON SECURITIZED CREDIT ASP FUND P    
c PCS REAL RETURN - 1256 CONTRACTS & STRADDLES P    
d CAPITAL GAINS DIVIDENDS P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 20,658,462   13,921,160 6,737,302
b     243,717 -243,717
c 560,979     560,979
d 17,034     17,034
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       6,737,302
b       -243,717
c       560,979
d       17,034
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 7,071,598
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........................... 3 104,160
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- ..... 5 104,160
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 99,961
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 129,961
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,062
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 24,739
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet24,739 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 addressbulletN/A
    14
    The books are in care ofbulletWELLS FARGO Telephone no.bullet (612) 316-0806

    Located atbullet900 EAST WAYZATA BOULEVARDWAYZATAMN ZIP+4bullet55391
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    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
    LEWIS M MITHUN DIRECTOR
    1.00     		0 0 0
    PO BOX 765
    TETON VILLAGE,WY83025
    JOHN C MITHUN DIRECTOR
    1.00     		0 0 0
    1135 HARBOR HILLS DRIVE
    SANTA BARBARA,CA93109
    RAYMOND O MITHUN JR DIRECTOR
    1.00     		0 0 0
    3266 ROBINSON BAY ROAD
    WAYZATA,MN55391
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    68,686,503
    b
    Average of monthly cash balances.......................
    1b
    1,840,482
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,526,985
    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
    70,526,985
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,057,905
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    69,469,080
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,473,454
    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
    3,473,454
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    104,160
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    104,160
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,369,294
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,369,294
    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
    3,369,294
    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 3,369,294
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,017,977
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,103,976
    a Applied to 2020, but not more than line 2a 1,017,977
    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..... 2,085,999
    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 ..........     		1,283,295
    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....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BIPS
    PO BOX 637
    BOCA GRANDE,FL33921     		NONE 501(C)(3) GENERAL FUND 2,500
    BLAKE SCHOOL
    110 BLAKE ROAD SOUTH
    HOPKINS,MN55343     		NONE 501(C)(3) GENERAL FUND 10,000
    BOCA MUSEUM OF ART
    501 PLAZA REAL
    BOCA RATON,FL33432     		NONE 501(C)(3) GENERAL FUND 15,000
    BOCA WEST CHILDREN'S FOUNDATION
    20583 BOCA WEST DRIVE
    BOCA RATON,FL33434     		NONE 501(C)(3) GENERAL FUND 15,000
    CAMP TIMBERLINE
    430 CANYON AVENUE
    FORT COLLINS,CO80521     		NONE 501(C)(3) GENERAL FUND 25,000
    CANCER FOUNDATION OF SANTA BARBARA
    601 WEST JUNIPERO STREET
    SANTA BARBARA,CA93105     		NONE 501(C)(3) GENERAL FUND 10,000
    CENTER FOR SUCCESSFUL AGING
    228 EAST ANAPAMU STREET SUITE 208
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 5,000
    COMMUNITY FOUNDATION OF TETON VALLEY
    189 NORTH MAIN STREET SUITE 112
    DRIGGS,ID83422     		NONE 501(C)(3) GENERAL FUND 50,000
    COMMUNITY ENVIRONMENTAL COUNCIL
    26 WEST ANAPAMU 2ND FLOOR
    SANTA BARBARA,CA93105     		NONE 501(C)(3) GENERAL FUND 25,000
    CENTER FOR THE AMERICAN EXPERIMENT
    8421 WAYZATA BOULEVARD SUITE 350
    GOLDEN VALLEY,MN55426     		NONE 501(C)(3) GENERAL FUND 20,000
    COMMUNITY FOUNDATION OF JACKSON HOLE
    245 EAST SIMPSON AVENUE
    JACKSON,WY83001     		NONE 501(C)(3) GENERAL FUND 50,000
    DAV
    PO BOX 14301
    CINCINNATI,OH45250     		NONE 501(C)(3) GENERAL FUND 10,000
    DANBURY HOSPITAL
    24 HOSPITAL AVENUE
    DANBURY,CT06810     		NONE 501(C)(3) GENERAL FUND 7,500
    DESERT COMMUNITY FOUNDATION
    75105 MERLE DRIVE 300
    PALM DESERT,CA92211     		NONE 501(C)(3) GENERAL FUND 10,000
    ENSEMBLE THEATER OF SANTA BARBARA
    PO BOX 2307
    SANTA BARBARA,CA93120     		NONE 501(C)(3) GENERAL FUND 10,000
    FLORENCE FULLER CHILD DEVELOPMENT CENTER
    200 NORTHEAST 14TH STREET
    BOCA RATON,FL33432     		NONE 501(C)(3) GENERAL FUND 15,000
    FOODBANK SANTA BARBARA COUNTY
    4554 HOLLISTER AVENUE
    SANTA BARBARA,CA93110     		NONE 501(C)(3) GENERAL FUND 45,000
    FOOD FROM THE HEART
    PO BOX 3908
    SANTA BARBARA,CA93130     		NONE 501(C)(3) GENERAL FUND 10,000
    FRIENDS OF THE GOLETA VALLEY LIBRARY
    PO BOX 635
    GOLETA,CA93116     		NONE 501(C)(3) GENERAL FUND 10,000
    GIRLS INC
    PO BOX 236
    SANTA BARBARA,CA93103     		NONE 501(C)(3) GENERAL FUND 65,000
    GRANADA THEATER
    3022 HENNEPIN AVENUE
    MINNEAPOLIS,MN55403     		NONE 501(C)(3) GENERAL FUND 10,000
    GUIDING EYES FOR THE BLIND
    611 GRANITE SPRINGS ROAD
    YORKTOWN HEIGHTS,NY10598     		NONE 501(C)(3) GENERAL FUND 15,000
    GUTHRIE THEATER
    818 SOUTH 2ND STREET
    MINNEAPOLIS,MN55415     		NONE 501(C)(3) GENERAL FUND 30,000
    HABITAT FOR HUMANITY OF JACKSON
    850 WEST BROADWAY SUITE D
    JACKSON,MS83001     		NONE 501(C)(3) GENERAL FUND 185,000
    HAMMER RESIDENCES INC
    1909 EAST WAYZATA BOULEVARD
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 117,500
    HEART OF THE ROCKIES INITIATIVE
    120 HICKORY STREET SUITE B
    MISSOULA,MT59801     		NONE 501(C)(3) GENERAL FUND 50,000
    HOLY NAME CATHOLIC PARISH
    525 OAK STREET
    STEAMBOAT SPRINGS,CO80487     		NONE 501(C)(3) GENERAL FUND 5,000
    HOMEFRONT INC
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		NONE 501(C)(3) GENERAL FUND 55,293
    INTERFAITH OUTREACH
    1605 COUNTY ROAD 101 NORTH
    PLYMOUTH,MN55447     		NONE 501(C)(3) GENERAL FUND 3,000
    ISLAND ASSOCIATION
    PO BOX 152
    LA POINTE,WI54850     		NONE 501(C)(3) GENERAL FUND 1,750
    JAMISON AND KATHRYNE PALS FAMILY FOUNDATION
    3570 VICKSBURG LANE NORTH SUITE 100
    PLYMOUTH,MN55447     		NONE 501(C)(3) GENERAL FUND 10,000
    JAQUELINE R MITHUN FELLOWSHIP
    PO BOX 860266
    MINNEAPOLIS,MN55486     		NONE 501(C)(3) GENERAL FUND 20,000
    JDRF MINNESOTA AND DAKOTAS
    3001 METRO DRIVE SUITE 100
    BLOOMINGTON,MN55425     		NONE 501(C)(3) GENERAL FUND 10,000
    KEYSTONE COMMUNUTY SERVICES
    2000 ST ANTHONY AVENUE
    ST PAUL,MN55104     		NONE 501(C)(3) GENERAL FUND 50,000
    LAND TRUST ALLIANCE
    1250 H STREET NW 600
    WASHINGTON,DC20005     		NONE 501(C)(3) GENERAL FUND 50,000
    LAND TRUST OF SANTA BARBARA COUNTY
    PO BOX 91830
    SANTA BARBARA,CA93190     		NONE 501(C)(3) GENERAL FUND 145,000
    LATIN AMERICAN LEGAL DEFENSE AND EDUCATION FUND INC
    714-716 SOUTH CLINTON AVENUE
    TRENTON,NJ08611     		NONE 501(C)(3) GENERAL FUND 11,622
    LITTLE WISHES
    PO BOX 2208
    SAN ANSELMO,CA94979     		NONE 501(C)(3) GENERAL FUND 10,000
    LIVING DESERT ZOO GARDENS
    47900 PORTOLA AVENUE
    PALM DESERT,CA92260     		NONE 501(C)(3) GENERAL FUND 252,500
    MINNEAPOLIS INSTITUTE OF ART
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404     		NONE 501(C)(3) GENERAL FUND 50,000
    MINNETONKA CENTER FOR THE ARTS
    2240 NORTH SHORE DRIVE
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 10,000
    MOXI
    125 STATE STREET
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 5,000
    OPERATION GOOD SHEPHERD
    PO BOX 774198
    STEAMBOAT SPRINGS,CO80477     		NONE 501(C)(3) GENERAL FUND 3,000
    OPPORTUNITY INTERNATIONAL
    550 WEST VAN BUREN STREET
    CHICAGO,IL60607     		NONE 501(C)(3) GENERAL FUND 5,000
    PLANNED PARENTHOOD HEALTH SERVICES OF SANTA BARBARA
    518 GARDEN STREET
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 50,000
    PRAGERU UNIVERSITY FOUNDATION
    15021 VENTURE BOULEVARD
    SHERMAN OAKS,CA91403     		NONE 501(C)(3) GENERAL FUND 10,000
    REGIONAL HOSPICE OF WESTERN CONNECTICUT
    30 MILESTONE ROAD
    DANBURY,CT06810     		NONE 501(C)(3) GENERAL FUND 55,293
    SAGEBRUSH STEPPE LAND TRUST OF POCATELLO IDAHO
    109 NORTH ARTHUR AVE SUITE 300
    POCATELLO,ID83204     		NONE 501(C)(3) GENERAL FUND 100,000
    SANSUM CLINIC
    PO BOX 1200
    SANTA BARBARA,CA92102     		NONE 501(C)(3) GENERAL FUND 10,000
    SANTA BARBARA BOTANIC GARDEN
    1212 MISSION CANYON ROAD
    SANTA BARBARA,CA93105     		NONE 501(C)(3) GENERAL FUND 50,000
    SANTA BARBARA CITY COLLEGE FOUNDATION
    721 CLIFF DRIVE
    SANTA BARBARA,CA93109     		NONE 501(C)(3) GENERAL FUND 75,000
    SANTA BARBARA EDUCATION FOUNDATION
    1330 STATE STREET 201
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 30,000
    SANTA BARBARA NEIGHBORHOOD CLINICS
    414 EAST COTA STREET 1ST FLOOR
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 50,000
    SANTA BARBARA PUBLIC LIBRARY FOUNDATION
    PO BOX 1019
    SANTA BARBARA,CA93102     		NONE 501(C)(3) GENERAL FUND 125,000
    SANTA BARBARA YOUTH SAILING FOUNDATION
    130 HARBOR WAY
    SANTA BARBARA,CA93109     		NONE 501(C)(3) GENERAL FUND 3,333
    SCHOLARSHIP FOUNDATION OF SANTA BARBARA
    PO BOX 3620
    SANTA BARBARA,CA93130     		NONE 501(C)(3) GENERAL FUND 75,000
    SHARING AND CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405     		NONE 501(C)(3) GENERAL FUND 1,000
    ST JOHN'S HEALTH FOUNDATION
    PO BOX 428
    JACKSON,WY83001     		NONE 501(C)(3) GENERAL FUND 50,000
    ST JOHN'S UNITED CHURCH OF CHRIST
    1934 BRIDGE STREET NORTHWEST
    GRAND RAPIDS,MI49504     		NONE 501(C)(3) GENERAL FUND 250,000
    SPOON FOUNDATION
    135 SOUTHEAST MAIN STREET SUITE 201
    PORTLAND,OR97214     		NONE 501(C)(3) GENERAL FUND 500
    ST THERESE OF DEEPHAVEN PARISH
    18323 MINNETONKA BOULEVARD
    DEEPHAVEN,MN55391     		NONE 501(C)(3) GENERAL FUND 30,000
    ST JUDE RESEARCH HOSPITAL
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE 501(C)(3) GENERAL FUND 10,000
    STARS
    PO BOX 770208
    STEAMBOAT SPRINGS,CO80477     		NONE 501(C)(3) GENERAL FUND 3,000
    SUMMIT ACADEMY
    935 OLSON MEMORIAL HIGHWAY
    MINNEAPOLIS,MN55405     		NONE 501(C)(3) GENERAL FUND 2,000
    TAKECHARGE MINNESOTA
    13570 GROVE DRIVE SUITE 374
    MAPLE GROVE,MN55311     		NONE 501(C)(3) GENERAL FUND 10,000
    TETON LITERACY CENTER
    1715 HIGH SCHOOL ROAD 260
    JACKSON,WY83001     		NONE 501(C)(3) GENERAL FUND 50,000
    TETON REGIONAL LAND TRUST DRIGGS IDAHO
    1520 SOUTH 500 WEST
    DRIGGS,ID82422     		NONE 501(C)(3) GENERAL FUND 100,000
    THE RETREAT
    1221 WAYZATA BLVD E
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 10,000
    TMT INTERNATIONAL OBSERVATORY
    100 WEST WALNUT STREET SUITE 300
    PASADENA,CA91124     		NONE 501(C)(3) GENERAL FUND 500
    TRAILBLAZER FOUNDATION
    912 RICHMOND DREIVE UNIT 1
    FORT COLLINS,CO80526     		NONE 501(C)(3) GENERAL FUND 50,000
    TRANSITION HOUSE OF SANTA BARBARA
    425 EAST COTA STREET
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 45,000
    UC SANTA BARBARA FOUNDATION
    4219 CHEADLE HALL
    SANTA BARBARA,CA93106     		NONE 501(C)(3) GENERAL FUND 100,000
    UNITY SHOPPE INC
    1219 STATE STREET
    SANTA BARBARA,CA93101     		NONE 501(C)(3) GENERAL FUND 25,000
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 SE OAK STREET 500
    MINNEAPOLIS,MN55455     		NONE 501(C)(3) GENERAL FUND 10,000
    VELIE REAL ESTATE FOUNDATION
    2900 THOMAS AVE SOUTH SUITE 2210
    MINNEAPOLIS,MN55416     		NONE 501(C)(3) GENERAL FUND 10,000
    WAYZATA HISTORICAL SOCIETY AT THE DEPOT
    402 EAST LAKE STREET
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 1,000
    WOMEN'S CENTER OF GREATER DANBURY
    2 WEST STREET
    DANBURY,CT06810     		NONE 501(C)(3) GENERAL FUND 55,292
    TURNING POINT USA
    4940 EAST BEVERLY ROAD
    PHOENIX,AZ85044     		NONE 501(C)(3) GENERAL FUND 10,000
    WAYZATA COMMUNITY FOUNDATION
    800 EAST WAYZATA BOULEVARD 300
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 2,500
    WAYZATA COMMUNITY CHURCH
    125 WAYZATA BOULEVARD EAST
    WAYZATA,MN55391     		NONE 501(C)(3) GENERAL FUND 29,000
    YMCA OF THE NORTH
    NW 5901 PO BOX 1450
    MINNEAPOLIS,MN55485     		NONE 501(C)(3) GENERAL FUND 15,000
    Total .................................bullet 3a 3,018,083
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 87,546  
    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 7,071,598  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 8,085,280 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,085,280
    (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:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COPELAND BUHL 5,991 5,092   899

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TOYOTA MOTOR CREDIT CORP 107,000 100,057
    US BANCORP 321,128 300,930
    BERKSHIRE HATHAWAY FIN 199,576 201,880
    BLACKROCK INC 150,667 151,821
    CME GRP INC 254,631 254,433
    MERCK & CO INC 192,967 201,752
    IBM CORP 253,071 259,700
    HSBC HOLDINGS PLC 108,969 100,891
    SCHLUMBERGER INVESTMENT 254,547 261,120

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WELLS FARGO & CO NEW 515,338 2,124,465
    ADOBE SYSTEMS INC 197,153 487,672
    ADYEN N 106,739 299,232
    AIRBNB INC 171,687 197,790
    ALPHABET INC 612,927 1,006,969
    AMAZON COM INC 386,104 993,633
    APPLE INC 385,164 952,485
    ATLASSIAN CORP PLC 166,491 295,500
    BIONTECH SE 115,496 86,363
    BLOCK INC 282,269 211,578
    CHIPOTLE MEXICAN GRILL 177,745 346,154
    COSTCO WHSL CORP 96,694 244,111
    CROWDSTRIKE HLDGS INC 97,040 204,136
    DANAHER CORP 127,366 200,367
    DEXCOM INC 37,725 124,035
    ELI LILLY & CO 234,279 302,185
    GOLDMAN SACHS GROUP INC 145,540 160,671
    HOME DEPOT INC 182,671 225,765
    HUBSPOT INC 148,830 121,943
    INTUITIVE SURGICAL INC 78,778 86,951
    KERING S 174,972 203,368
    KKR & CO INC 50,347 51,554
    LAUDER ESTEE COS INC 152,488 301,713
    LULULEMON ATHLETICA INC 116,195 191,028
    LVMH MOET HENNESSY LOUIS VUITTON 221,847 321,732
    MARRIOT INTL INC 121,642 128,381
    MASTERCARD INC 141,182 273,083
    MATCH GROUP INC 167,591 176,951
    META PLATFORMS INC 244,821 331,977
    MICROSOFT CORP 278,970 863,670
    NETFLIX COM INC 215,262 475,928
    NIKE INC 237,199 315,840
    NVIDIA CORP 205,354 848,213
    OKTA INC 84,583 71,510
    PAYPAL HOLDINGS INC 160,501 174,248
    ROBLOX CORP 84,857 118,118
    S&P GLOBAL INC 114,373 141,107
    SALESFORCE.COM 315,654 425,922
    SEA LTD UNSPON 161,702 105,144
    SHOPIFY INC 428,140 676,298
    SNAP INC 261,492 195,080
    SNOWFLAKE INC 194,175 184,958
    SPOTIFY TECHNOLOGY 56,110 43,530
    TAIWAN SEMICONDUCTOR 168,879 180,224
    TARGET CORP 163,160 199,501
    TESLA INC 89,844 1,175,139
    TJX COS INC 169,401 189,269
    TRADE DESK INC 61,008 165,502
    TWILIO INC 124,824 114,290
    UBER TECHNOLOGIES INC 304,937 304,789
    UNITEDHEALTH GROUP INC 131,731 160,685
    VISA INC 206,697 275,438
    WORKDAY INC 62,905 115,009
    ZOOMINFO TECHNOLOGIES INC 66,975 66,062
    ALLIANZ SE 57,287 79,825
    ASE TECHNOLOGY 70,648 109,582
    BAE SYSTEMS PLACE 93,524 102,341
    BCE INC 55,737 71,347
    BNP PARIBAZ 127,558 154,294
    BRITISH AMERN TOB PLC 115,795 94,984
    BRITIVIC PLC 66,334 91,520
    COMPAGNIE DE ST GOBAIN 103,665 144,181
    DEUTSCHE POST AG 89,140 118,612
    DEUTSCHE TELEKOM AG 44,106 49,718
    DIAGEO PLC 6,037 12,988
    DNB BANK ASA 91,774 98,639
    ENEL SOCIETA PER AZIONI 98,260 112,172
    IBERDROLA SA 55,556 74,639
    MICHELIN UNSP 49,781 68,761
    MMC NORILISK NICKEL 67,395 71,093
    MUENCHENER RUECKVERSICHERUNGSGESELLSCHAFT AG 77,787 115,177
    NESTLE S A REG 77,409 156,232
    NIPPON TELEGRAPH & TELEPHONE CORP 64,325 104,350
    NN GRP NV UNSPON 119,720 154,204
    NOVARTIS AG 102,968 128,318
    PERSIMMON PLC 105,639 120,380
    POWER CORP CANADA 99,737 101,953
    ROCHE HOLDINGS LTD 88,845 140,132
    SANOFI ADR 84,405 86,523
    SIEMENS AG 114,332 152,070
    SMURFIT KAPPA GROUP 85,641 155,442
    SOFTBANK CORP 148,844 144,319
    SONIC HEALTHCARE LTD 42,268 105,159
    SVENSKA ADR HANDELSBANKEN AB 113,154 116,491
    TESCO PLC 98,949 111,644
    TOKIO MARINE HOLDING 125,339 131,007
    TOTAL ENERGIES SE 136,357 138,686
    TOYOTA MTR CORP 91,346 131,007
    UBS GROUP AG 47,384 72,695
    UNILEVER PLC 89,984 111,130
    UNITED OVERSEAS BK LTD 89,263 111,139
    UPM-KYMMENE CORP 60,330 88,828
    VALE 81,623 99,752
    VOLVO AB 68,315 70,263
    ZURICH INSURANCE GROUP 77,946 126,368
    ISHARES ETF RUSSELL MIDCAP GROWTH 1,461,932 5,412,229
    SPDR S&P 500 TRUST 1,138,030 3,937,418
    VANGUARD INTL EQUITY 1,645,292 1,995,612
    VANGUARD VALUE 3,508,025 4,212,642
    AGILENT TECH INC 47,929 79,186
    ALIGN TECH INC 46,479 107,120
    AMETEK INC NEW 99,543 141,894
    AMPHENOL CORP NEW 68,809 119,121
    APOLLO GLOBAL MGMT INC 90,420 131,750
    APTIV PLC 73,959 112,331
    ARES MANAGEMENT CORP 52,219 90,372
    ARGENX SE 36,467 53,229
    ARRIVAL ARVL 34,115 9,230
    AVALARA INC 21,780 22,465
    AVANTOR INC 109,155 149,513
    AZEK CO INC 76,830 96,410
    BIO-TECHNE CORP 71,336 76,566
    BURLINGTON STORES INC 109,240 137,010
    CATALENT INC 78,154 124,573
    CBRE GROUP INC 122,246 154,627
    COGNEX CORP 46,005 46,345
    COOPER COS INC 49,245 63,260
    COSTAR GROUP INC 98,325 109,852
    CROWDSTRIKE HLDGS INC 55,099 78,419
    CROWN HOLDINGS INC 82,406 115,266
    DEFINITIVE HEALTHCARE CORP 42,916 34,463
    ENPHASE ENERGY INC 64,822 71,712
    ENTEGRIS INC 65,948 78,713
    ETSY INC 84,230 104,653
    FIVE BELOW INC 78,891 121,031
    FIVE9 INC 99,302 86,100
    FRESHPET INC 69,895 52,399
    GARTNER INC 67,600 103,305
    GFL ENVIRONMENTAL INC 69,349 102,536
    GLOBANT 56,531 94,541
    HEICO CORP NEW 115,665 121,866
    HILTON WORLDWIDE HOLDINGS INC 115,466 147,255
    HORIZON THERAPEUTICS PLC 86,449 113,579
    HUBSPOT INC 31,693 93,599
    IAA INC 54,296 47,330
    INTELLIA THERAPEUTICS INC 33,491 26,959
    IQVIA HLDGS INC 98,282 156,870
    J B HUNT TRANSPORT SERVICE INC 67,553 121,414
    JACK HENRY & ASSOC INC 62,335 62,621
    LENNAR CORPORATION 84,354 108,377
    LITTEFUSE INC 80,183 90,943
    L3HARRIS TECHNOLOGIES 41,448 42,861
    MARTIN MARIETTA MATERIALS INC 62,981 63,875
    MARVELL TECHNOLOGY INC 24,323 102,976
    MOLINA HEALTHCARE INC 83,458 137,729
    MONOLITHIC POWER SYSTEMS 34,448 71,533
    NORDSON CORP 81,018 103,129
    O'REILLY AUTOMOTIVE INC 71,158 117,940
    OKTA INC 92,323 86,754
    ON HOLDING AG NAMEN AKT 47,836 48,246
    ON SEMI CONDUCTOR CORP 44,754 78,380
    PALO ALTO NETWORKS 71,449 156,450
    PAYCOM SOFTWARE INC 56,605 73,904
    PAYCOR HCM INC 56,932 52,492
    PERFORMANCE FOOD GROUP CO 129,743 113,211
    PINTREST INC 28,592 51,653
    PROGYNY INC 86,389 84,890
    QUANTA SVCS INC 74,108 154,103
    RINGCENTRAL INC 86,229 61,638
    ROKU INC 83,615 47,466
    RYAN SPECIALTY GROUP HOLDINGS INC 70,403 75,898
    SEAGEN INC 66,196 58,748
    SHIFT4 PAYMENTS INC 98,628 75,425
    SMARTSHEET INC 72,012 73,113
    TELEDYNE TECHNOLOGIES IN 93,284 94,805
    TEXAS ROADHOUSE INC 57,636 52,764
    TRADE DESK INC 92,166 112,626
    TRANE TECHNOLOGIES PLC 42,437 89,499
    UNIVERSAL DISPLAY CORP 86,741 65,517
    VIMEO INC 47,480 19,756
    WARBY PARKER INC 26,155 26,539
    WEX INC 85,647 55,454
    ZURN WTR SOLUTIONS CORP 16,041 16,307
    ACCENTURE PLC IRELAND 38,175 198,155
    AMERICAN EXPRESS COMPANT 107,384 102,086
    AON PLC 78,035 188,752
    BLACKROCK INC 53,754 87,894
    BOSTON SCIENTIFIC CORP 59,805 81,859
    CHUBB LTD 116,382 167,020
    CIGNA CORP 153,544 198,400
    CITIGROUP INC 146,650 166,073
    COLGATE-PALMOLIVE CO 88,214 94,557
    COMCAST CORP 119,814 238,212
    CONOCOPHILLIPS 46,093 82,574
    DANAHER CORP 22,570 109,889
    DIAGEO PLC 52,385 84,534
    DOMINION ENERGY INC 103,822 105,820
    DUKE ENERGY CORP 150,898 181,162
    DUPONT DE NEMOURS INC 123,985 128,602
    EATON CORP PLC 55,681 151,218
    FIDELITY NATIONAL INFORMATION SVCS 42,897 67,891
    HONEYWELL INTERNATIONAL INC 84,696 170,561
    ILLINOIS TOOL WORKS INC 76,644 154,003
    JOHNSON & JOHNSON 148,707 253,868
    JPMORGAN CHASE & CO 74,436 260,644
    KIMBERLY-CLARK CORP 61,628 75,748
    KKR & CO INC 47,391 57,663
    LOCKHEED MARTIN CORP 61,106 67,172
    LOWES COMPANIES INC 70,178 124,070
    MARRIOT INTL INC 65,505 71,053
    MARSH AND MC LENNAN COMPANIES INC 72,048 132,972
    MCKESSON CORPORATION 67,396 107,134
    MEDTRONIC 94,807 129,933
    MERCK & CO INC 145,181 143,547
    MORGAN STANLEY & CO 159,983 199,167
    NASDAQ INC 22,731 121,596
    NESTLE S A REG 90,028 185,008
    NORTHROP GRUMMAN CORP 115,866 186,955
    NXP SEMICONDUCTORS 58,405 98,629
    PPG INDUSTRIES INC 80,021 114,673
    PEPSICO INCORPORATED 54,743 73,827
    PIONEER NAT RES 19,744 43,833
    PNC FINANCIAL SERVICES GROUP 48,850 96,651
    PROGRESSIVE CORP OHIO 159,789 172,760
    SOUTHERN COMPANY/THE 155,615 187,018
    STANLEY BLACK&DECKER INC 118,652 145,049
    TEXAS INSTRUMENTS INC 63,304 170,754
    THERMO FISHER SCIENTIFIC INC 78,644 160,805
    TRANE TECHNOLOGIES PLC 27,401 77,782
    UNION PACIFIC CORP 95,466 193,734
    AAON INC 5,825 53,854
    ACI WORLDWIDE INC 71,949 76,340
    ALAMO GROUP INC 40,102 57,695
    ARTISAN PARTNERS ASSET MANAGEMENT INC 64,672 91,993
    BALCHEM CORP 12,380 65,417
    BEACON ROOFING SUPPLY INC 63,498 106,958
    BLACKBAUD INC 111,563 119,023
    CASS INFORMATION SYSTEMS INC 37,742 35,938
    CBIZ INC 57,489 89,624
    CENTRAL GARDEN & PET CO 35,601 60,472
    CHOICE HOTELS INTL INC 47,304 168,313
    COLUMBIA SPORTSWEAR CO 56,804 81,168
    COMMVAULT SYSTEMS INC 50,433 45,418
    DORMAN PRODUCTS INC 76,072 138,324
    ENVESTNET INC 82,650 120,517
    EPLUS INC 54,333 70,798
    EXPONENT INC 14,521 87,898
    FORWARD AIR CORP 29,809 110,797
    FRONTDOOR INC 49,071 57,577
    FTI CONSULTING INC 75,125 112,764
    FULLER H B CO 59,588 69,903
    HAMILTON LANE INC 43,015 64,866
    HOULIHAN LOKEY INC 53,652 98,137
    HURON CONSULTING GROUP 59,294 63,373
    ICU MED INC 113,104 144,065
    INSIGHT ENTERPRISES INC 62,552 69,716
    INTEGRA LIFESCIENCES HOLDINGS CORPORATION 76,532 106,782
    INTER PARFUMS INC 70,577 157,464
    J&J SNACK FOODS CORP 79,738 99,515
    KAR AUCTION SERVICES INC 54,297 45,376
    KINSALE CAPITAL GRP INC 67,056 216,718
    KIRBY CORP 74,527 77,305
    LANCASTER COLONY CORP 31,836 44,878
    LANDSTAR SYSTEMS INC 33,013 100,072
    MCGRATH RENTCORP 43,515 53,373
    MESA LABS INC 44,038 78,742
    MONRO INC 37,403 56,872
    MOOG INC 75,019 97,164
    NATIONAL INSTRUMENTS CORP 49,488 68,606
    NATIONAL RESEARCH CORP 69,992 63,235
    PATTERSON COMPANIES INC 19,790 32,696
    PERFICENT INC 64,803 91,537
    PINNACLE FINANCIAL PARTNERS INC 21,609 51,284
    POWER INTEGRATIONS INC 11,868 72,176
    QUALYS INC 89,104 133,790
    R L I CORP 33,704 79,143
    ROGERS CORPORATION 50,352 69,342
    SALLY BEAUTY CO INC 54,678 45,504
    SELECTIVE INS GROUP INC 119,876 137,823
    SILGAN HOLDINGS INC 58,937 84,480
    SIMPSON MANUFACTURING INC 48,771 101,938
    SOUTH ST CORP 74,905 72,179
    SPROUTS FARMERS MARKETS INC 51,477 57,490
    STEPAN CO 22,628 47,976
    TECHTARGET INC 43,074 68,301
    UMPQUA HLDGS CORP 36,908 54,738
    UNIFIRST CORP 54,196 92,997
    US ECOLOGY INC 55,370 45,227
    WESTAMERICA BANCORP 55,686 62,291
    WOLVERINE WORLD WIDE INC 81,462 94,814
    ADYEN N V 26,164 74,854
    AIA GROUP LTD 52,575 58,954
    ALCON INC 73,984 87,468
    ALIBABA GRP HLDG LTD 68,943 60,820
    ANGLO AMERICAN PLC 35,229 55,093
    ASML HOLDING NV 73,097 71,653
    ASTRAZENECA PLC 44,017 64,599
    ATLAS CORP AB 35,135 89,826
    BEIGENE LTD SPON 30,974 61,230
    BNP PARIBAS 38,021 47,628
    BRP INC 30,971 59,380
    CANADIAN NATL RY CO 29,659 61,676
    CANADIAN NATURAL RESOURCES LTD 36,394 46,940
    CELLNEX TELECOM 33,696 31,461
    CGI INC 25,474 47,790
    COCA-COLA HBC 76,387 74,168
    DASSAULT SYSTEMS 3,790 9,429
    DIAGEO PLC 67,913 103,466
    DSV A/S UNSP 29,739 80,171
    ENBRIDGE INC 71,887 71,595
    ESSILOR INTL-SPONSORED 76,374 87,773
    FORTUM OYJ 61,571 62,880
    GLOBANT 16,089 99,567
    HDFC BANK LTD 35,798 49,258
    ITOCHU CORP 50,178 78,969
    KBC GROEP NV 36,883 53,229
    KONINKLIJKE DSM NV 34,472 74,725
    LINDE PLC 56,520 58,200
    LVMH MOET HENNESSY LOUIS VUITTON 27,057 118,167
    MERCADOLIBRE INC 46,975 32,362
    NASPERS LTD 25,875 22,413
    NESTLE S A REG 49,943 93,767
    NOMAD FOODS LTD 36,249 44,382
    NORSK HYDRO A S 54,048 63,919
    NOVARTIS AG 60,743 63,766
    PERSIMMON PLC 34,681 45,588
    PRIMO WTR CORP 39,900 45,644
    ROCHE HOLDINGS LTD 70,243 100,020
    SCHNEIDER ELECTRIC 42,954 104,142
    SEA LTD UNSPON 4,388 62,863
    SMC CORP JAPAN 35,581 68,721
    SMITH & NEPHEW PLC 32,963 28,423
    SONY GROUP CORP 55,365 110,474
    STMICROELECTRONICS N V 26,147 77,230
    TAIWAN SEMICONDUCTOR 45,349 146,899
    TECHTRONIC INDS 13,743 67,592
    TENCENT HOLDINGS LTD 52,423 65,704
    TOTALENERGIES SE 45,289 47,135
    UNITED OVERSEAS BK LTD 61,149 73,892
    VEOLIA ENVIRONMENT 54,493 60,794
    VINCI S.A 38,011 54,856
    WNS HOLDINGS LTD 27,415 48,874
    WUXI BIOLOGICS 22,250 48,122
    AGREE REALTY CORP 57,666 62,083
    ALEXANDRIA REAL ESTATE 104,129 188,401
    AMERICAN ASSETS 13,815 18,014
    AMERICAN HOMES 4 RENT 105,071 188,482
    AMERICAN TOWER CORP 134,260 167,018
    APARTMENT INCOME 69,280 98,898
    APPLE HOSPITALITY REIT INC 35,773 43,734
    AVALONBAY COMMUNITIES REIT INC 181,522 265,977
    BRANDYWINE REALTY TRUST REIT 19,577 16,681
    BROADSTONE NET LEASE INC 48,764 65,574
    CHOICE HOTELS INTL INC 10,769 18,095
    COUSINS PPTYS INC 75,586 88,052
    CUBESMART 36,140 94,983
    D R HORTON INC 52,655 59,756
    DIAMONDROCK HOSPITALITY COMPANY 9,579 18,028
    DIGITAL REALTY TRUST INC 41,615 53,061
    EQUINIX INC 134,757 280,819
    EQUITY LIFESTYLE PROP 45,656 102,475
    ESSEX PROPERTY TRUST INC 144,456 225,075
    EXTRA SPACE STORAGE INC 98,602 226,730
    FIRST INDL RLTY TR INC 70,477 120,418
    HEALTHCARE REALTY TR INC 81,780 82,517
    HEALTHCARE TR AMER INC 90,643 111,089
    INVENTRUST PPTYS CORP 37,720 42,171
    INVITATION HOMES INC 141,163 289,179
    KILROY RLTY CORP 105,654 101,152
    MARRIOTT VACATIONS WORLDWIDE CORP 73,467 73,337
    MEDICAL PROPERTIES TRUST INC 78,597 92,393
    MGM GROWTH PROPERTIES 46,087 55,515
    PARK HOTELS & RESORTS INC 27,671 33,890
    PROLOGIS INC 151,456 391,605
    PS BUSINESS PKS INC 58,569 83,613
    PUBLIC STORAGE INC 77,848 115,364
    REGENCY CENTERS CORP 80,870 94,640
    REXFORD IND REALTY INC 62,183 109,742
    SABRA HEALTH CARE REIT INC 75,931 60,280
    SAUL CENTER INC 13,091 13,679
    SIMON PROPERTY GROUP REIT INC 77,376 66,145
    STORE CAPITAL CORP 66,703 95,185
    SUN COMMUNITIES INC 86,298 208,290
    TERRENO REALTY CORP 48,201 100,045
    TRAVEL + LEISURE CO 40,237 36,920
    VENTAS INC 222,116 201,259
    VICI PPTYS INC 83,243 107,282
    WELLTOWER INC 46,523 73,419
    WEYERHAEUSER CO 35,163 40,645

    TY 2021 InvestmentsOtherSchedule2
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABS GLOBAL LONG SHORT AT COST 511,534 706,177
    CORBIN PINEHURST ASP AT COST 1,084,210 1,744,388
    PCS REAL RETURN AT COST 1,618,221 1,876,677
    MP SECURITIZED CREDIT AT COST 111,249 47,048
    STRATEGIC PARTNERS VII ASP CI IE AT COST 66,861 348,395

    TY 2021 OtherExpensesSchedule
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN FILING FEE 25 25   0
    ORDINARY LOSS FROM PASSTHROUGH ENTITIES 46,300 46,300   0


    TY 2021 OtherIncomeSchedule2
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ABS GLOBAL LONG SHORT II ASP FUND 5,977 5,977 5,977
    BLACKROCK TRANSITION II ASP FUND 266,069 266,069 266,069
    CORBIN PINEHURST INSTITUTIONAL ASP FUND 21,049 21,049 21,049
    MATLINPATTERSON SECURTIZED CREDIT ASP FUND 851 851 851
    PCS REAL RETURN INSTITUTIONAL FUND -5,678 -5,678 -5,678


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT & CUSTODIAL FEES 620,143 535,149   84,994


    TY 2021 TaxesSchedule
    Name:
    MITHUN FAMILY FOUNDATION
    EIN:
    36-3495071
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 5,185 5,185   0
    FEDERAL TAX 18,000 0   0