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
CARGILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5650
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554405650
A Employer identification number

41-6020221
B Telephone number (see instructions)

(952) 742-4311
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$301,209,399
J 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) 27,500,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,924 89,088  
4 Dividends and interest from securities... 3,177,496 3,735,526  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 74,852,461
b Gross sales price for all assets on line 6a 417,575,213
7 Capital gain net income (from Part IV, line 2)... 77,954,313
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)....... 1,221 79,196 0
12 Total. Add lines 1 through 11........ 105,535,102 81,858,123 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,000 10,000 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 100,044 75,033 0 0
c Other professional fees (attach schedule).... 708,608 449,987 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 375,287 76,657 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 34,607 66,119 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,238,546 677,796 0 0
25 Contributions, gifts, grants paid....... 12,152,850 11,999,593
26 Total expenses and disbursements. Add lines 24 and 25 13,391,396 677,796 0 11,999,593
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 92,143,706
b Net investment income (if negative, enter -0-) 81,180,327
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............. 1,499,334 31,319,663 31,319,663
2 Savings and temporary cash investments......... 4,956,665 9,933,549 9,932,947
3 Accounts receivable bullet67,695
Less: allowance for doubtful accounts bullet   1,625 67,695 67,695
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)....... 174,439,807 Click to see attachment235,757,873 243,834,967
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 12,488,405 Click to see attachment9,094,088 16,054,127
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) 193,385,836 286,172,868 301,209,399
Liabilities 17 Accounts payable and accrued expenses.......... 123,794 138,018
18 Grants payable................. 7,131,642 7,284,899
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment910,002 Click to see attachment1,127,290
23 Total liabilities (add lines 17 through 22)......... 8,165,438 8,550,207
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 185,220,398 277,622,661
29 Total net assets or fund balances (see instructions)..... 185,220,398 277,622,661
30 Total liabilities and net assets/fund balances (see instructions). 193,385,836 286,172,868
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
185,220,398
2
Enter amount from Part I, line 27a .....................
2
92,143,706
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
258,557
4
Add lines 1, 2, and 3 ..........................
4
277,622,661
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
277,622,661
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 AB SUSTAINABLE P    
b ACADIAN INTL P    
c ACI P    
d ARISTEIA P    
e ARTISAN GL P    
AURELIUS P    
BAILLIE GIFFORD P    
BG INT P    
BLUEBAY HY P    
BOSTON TRUST US P    
CASH ACCOUNT P    
CRGF BLACKROCK EMERG P    
CRL_BLACKROCK P    
CRLF_WELLINGTON P    
EAGLE P    
GOLDENTREE P    
GS OPERATING CASH P    
IMPRINT OPPS P    
INDUS PACIFICA P    
LONG TREASURY FI P    
MARATHON EMD P    
NINETY ONE GLOBAL P    
OWNERSHIP GL P    
PACIFIC BANK LOAN P    
PERSHING SQUARE P    
PHARO GAIA P    
PIMCO INCOME INST P    
SAMLYN P    
SCULPTOR P    
SILVERPOINT P    
SPRUCEGROVE INV MGMT P    
SYSTEMATICA P    
TACONIC P    
WELLINGTON MGMT P    
OTHER PARTNERSHIP INCOME 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 26,804,238   26,772,045 32,193
b 8,600,000   8,600,000 0
c 6,212   6,212 0
d 1,204,191   602,096 602,095
e 34,476,653   34,354,531 122,122
1,087,594   543,797 543,797
5,143,115   4,828,743 314,372
21,905,527   13,285,044 8,620,483
13,941,207   13,758,578 182,629
17,023,321   15,873,993 1,149,328
1,823   1,695 128
18,897,052   18,894,441 2,611
29,286,641   2,958,714 26,327,927
5,792,980   5,792,980 0
20,857,071     20,857,071
167,952   83,976 83,976
45,522,960   44,528,057 994,903
741,866   741,866 0
80,477   40,238 40,239
15,900,000   15,900,000 0
3,600,000   3,600,000 0
4,235,594   4,223,729 11,865
27,494,065   27,494,377 -312
7,196,312   7,196,299 13
22,416   11,208 11,208
169,321   84,661 84,660
65,077,306   67,093,474 -2,016,168
2,248,581   1,092,652 1,155,929
3,867   1,933 1,934
2,224,204   1,112,102 1,112,102
22,502,726   18,959,155 3,543,571
502,566   251,283 251,283
1,866,042   933,021 933,021
9,889,481     9,889,481
3,101,852     3,101,852
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       32,193
b       0
c       0
d       602,095
e       122,122
      543,797
      314,372
      8,620,483
      182,629
      1,149,328
      128
      2,611
      26,327,927
      0
      20,857,071
      83,976
      994,903
      0
      40,239
      0
      0
      11,865
      -312
      13
      11,208
      84,660
      -2,016,168
      1,155,929
      1,934
      1,112,102
      3,543,571
      251,283
      933,021
      9,889,481
      3,101,852
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 77,954,313
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 1,128,407
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 1,128,407
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 101,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 976,950
d Backup withholding erroneously withheld ........... 6d 19,779
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,097,729
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 30,678
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    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 addressbulletSEE PART XIV, LINE 2
    14
    The books are in care ofbulletMICHELLE GROGG Telephone no.bullet (952) 742-4311

    Located atbulletPO BOX 5650MINNEAPOLISMN ZIP+4bullet554405650
    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
    COLLEEN MAY DIRECTOR, PRESIDENT
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    JAMES PIERCE DIRECTOR, SECRETARY
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    BEN AASE DIRECTOR
    1.00
    10,000 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    SHEILA RIGGS DIRECTOR
    1.00
    10,000 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    ROGER WATCHORN DIRECTOR, VICE PRESIDENT
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    ANNA RICHO DIRECTOR, VICE PRESIDENT
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    KOJO AMOO-GOTTFRIED DIRECTOR, VICE PRESIDENT
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    SUSAN MERCER DIRECTOR, VICE PRESIDENT
    1.00
    0 0 0
    PO BOX 5650
    MINNEAPOLIS,MN554405650
    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
    258,540,181
    b
    Average of monthly cash balances.......................
    1b
    15,720,183
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    274,260,364
    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
    274,260,364
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,113,905
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    270,146,459
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    13,507,323
    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
    13,507,323
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    1,128,407
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    2,422
    c
    Add lines 2a and 2b............................
    2c
    1,130,829
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    12,376,494
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    12,376,494
    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
    12,376,494
    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 12,376,494
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 747,415
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 2,511,469
    f Total of lines 3a through e ........ 3,258,884
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,999,593
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2021 distributable amount..... 11,999,593
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 376,901 376,901
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,881,983
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...
    370,514
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......
    2,511,469
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 2,511,469
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MICHELLE GROGG EXECUTIVE DIRECTOR
    PO BOX 5650
    MINNEAPOLIS,MN554405632
    (952) 742-4311
    bThe form in which applications should be submitted and information and materials they should include:
    HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
    cAny submission deadlines:
    HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
    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
    ACES (ATHLETES COMMITTED TO EDUCATING STUDENTS)
    1115 E HENNEPIN AVE
    MINNEAPOLIS,MN55414
      PC ACES SPORTS & STEM PROGRAMMING 150,000
    ACHIEVEMPLS
    UNIVERSITY PARK PLAZA2829 UNIVERSIT
    AVE SE SUITE 850
    MINNEAPOLIS,MN55414
      PC CAREER & COLLEGE READINESS PROGRAM, GEMS/GISE PROGRAM, AND STEM FOR ALL 1,307,523
    AFRICAN AMERICAN LEADERSHIP FORUM
    1600 UTICA AVENUE SOUTH
    SAINT LOUIS PARK,MN55416
      PC PROGRAM SUPPORT 250,000
    APPETITE FOR CHANGE
    1200 WEST BROADWAY AVENUE 180
    MINNEAPOLIS,MN55411
      PC HUNGRY FOR CHANGE 100,000
    BANYAN FOUNDATION
    2529 13TH AVENUE SOUTH
    MINNEAPOLIS,MN554044506
      PC ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES 70,000
    BESTPREP
    7100 NORTHLAND CIRCLE NORTH 306
    BROOKLYN PARK,MN55428
      PC CLOUD COACH, EMENTORS, CLASSROOM PLUS (CAREER DAY) AND MINNESOTA BUSINESS VENTURE PROGRAMS 65,000
    BIG BROTHERS BIG SISTERS OF THE GREATER TWIN CITIES
    2550 UNIVERSITY AVENUE WEST STE
    410N
    ST PAUL,MN55114
      PC BEYOND SCHOOL WALLS PROGRAM 300,000
    BLACK MEN TEACH
    1001 HIGHWAY 7 SUITE 170L
    HOPKINS,MN553054737
      PC PROGRAM SUPPORT 50,000
    BREAKTHROUGH TWIN CITIES
    2051 LARPENTEUR AVE E
    ST PAUL,MN55109
      PC CAPACITY BUILDING 237,500
    CENTRO TYRONE GUZMAN
    1915 CHICAGO AVENUE
    MINNEAPOLIS,MN55404
      PC CENTRO FAMILY NUTRITIO PROGRAM 60,000
    CHARITIES REVIEW COUNCIL OF MINNESOTA
    700 RAYMOND AVE SUITE 160
    ST PAUL,MN55114
      PC 2020 GENERAL OPERATING SUPPORT AND STRATEGIC INITIATIVES 10,000
    CHILDREN'S THEATRE COMPANY AND SCHOOL
    2400 3RD AVE
    MINNEAPOLIS,MN55404
      PC GENERAL OPERATING SUPPORT 216,666
    CODE SAVVYTECHNOVATIONMN
    PO BOX 16628
    SAINT LOUIS PARK,MN554160628
      PC TECHNOVATION[MN] 130,000
    COLLEGE POSSIBLE
    755 PRIOR AVENUE N STE 200
    SAINT PAUL,MN55104
      PC COLLEGE READINESS PROGRAMMING 225,000
    COMUNIDADES LATINAS UNIDAS EN SERVICIO
    797 EAST 7TH STREET
    ST PAUL,MN55106
      PC YA! (YOUTH IN ACTION) 50,000
    GENESYS WORKS
    445 MINNESOTA STREET SUITE 720
    ST PAUL,MN55101
      PC PROGRAM SUPPORT 50,000
    GREATER TWIN CITIES UNITED WAY
    404 S 8TH ST
    MINNEAPOLIS,MN554041027
      PC PROGRAM SUPPORT 600,000
    GREENLIGHT FUND INC
    50 MILK STREET 16TH FLOOR
    BOSTON,MA02109
      PC GREENLIGHT FUND TWIN CITIES 50,000
    GUTHRIE THEATER FOUNDATION
    818 SOUTH SECOND STREET
    MINNEAPOLIS,MN554151252
      PC GENERAL OPERATING SUPPORT 2021 305,000
    HIAWATHA ACADEMIES
    1611 E 46TH STREET
    MINNEAPOLIS,MN55407
      PC HIAWATHA THROUGH COLLEGE 150,000
    HUNGER IMPACT PARTNERS
    111 THIRD AVENUE SOUTHSUITE 190
    MINNEAPOLIS,MN55401
      PC HUNGER FREE KIDS 125,000
    INDEPENDENT SCHOOL DISTRICT #625 SAINT PAUL PUBLIC SCHOOLS
    360 COLBORNE
    ST PAUL,MN55102
      PC GROW OUR OWN (GROW) 100,000
    JUNIOR ACHIEVEMENT NORTH
    1745 UNIVERSITY AVE WPO BOX 120478
    ST PAUL,MN55104
      PC THE HARVEST NETWORK OF SCHOOLS PROGRAM DELIVERY 50,000
    KIPP MINNESOTA PUBLIC SCHOOLS
    5034 NORTH OLIVER AVENUE
    MINNEAPOLIS,MN55430
      PC KIPP THROUGH COLLEGE AND CAREER 50,000
    METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION
    1256 PENN AVENUE SO SUITE 4800
    MINNEAPOLIS,MN55411
      PC ACCELERATING MINORITY BUSINESS GROWTH 30,000
    MINNEAPOLIS - ST PAUL REGIONAL ECONOMIC DEVELOPMENT PARTNERSHIP
    400 ROBERT ST N STE 1600
    ST PAUL,MN551012027
      PC PROGRAM SUPPORT 15,000
    MINNEAPOLIS INSTITUTE OF ART
    2400 THIRD AVENUE SOUTH
    MINNEAPOLIS,MN55404
      PC GENERAL OPERATING SUPPORT 2021 50,000
    MINNESOTA CHILDREN'S MUSEUM
    10 WEST 7TH STREET
    ST PAUL,MN551022453
      PC GENERAL OPERATING SUPPORT 2021 325,000
    MINNESOTA COUNCIL OF NONPROFITS
    2314 UNIVERSITY AVENUE W SUITE 20
    ST PAUL,MN55114
      PC ANNUAL PROGRAM MEMBERSHIP 10,000
    MINNESOTA COUNCIL ON FOUNDATIONS
    800 WASHINGTON AVE N SUITE 703
    MINNEAPOLIS,MN554011167
      PC ANNUAL PROGRAM MEMBERSHIP 17,800
    MINNESOTA HISTORICAL SOCIETY
    345 KELLOGG BLVD WEST
    SAINT PAUL,MN55102
      PC GENERAL OPERATING SUPPORT 2021 20,000
    MINNESOTA LANDSCAPE ARBORETUM FOUNDATION
    3675 ARBORETUM DRIVE
    CHASKA,MN553189613
      PC GROWING GOOD URBAN OUTREACH: CHILDRENS GARDEN IN RESIDENCE (CGR) PROGRAM 75,000
    MINNESOTA PUBLIC RADIO
    KLING PUBLIC MEDIA CENTER480 CEDAR
    STREET
    SAINT PAUL,MN55101
      PC GENERAL OPERATING SUPPORT 2021 75,000
    MINNESOTA STATE HORTICULTURAL SOCIETY
    1925 CTY RD B2 STE 125
    ROSEVILLE,MN55110
      PC GARDEN-IN-A-BOX 50,000
    MINNESOTA ZOO FOUNDATION
    13000 ZOO BOULEVARD
    APPLE VALLEY,MN55124
      PC GENERAL OPERATING SUPPORT 2021 70,000
    NORTHSIDE ACHIEVEMENT ZONE
    2123 WEST BROADWAY AVENUE 100
    MINNEAPOLIS,MN55411
      PC SCHOLAR COACHING AND HIGH SCHOOL THROUGH COLLEGE/CAREER SUCCESS STRATEGIES 250,000
    NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
    1007 W BROADWAY AVE
    MINNEAPOLIS,MN55411
      PC PROGRAM SUPPORT 75,000
    PENUMBRA THEATRE COMPANY INC
    270 NORTH KENT STREET
    ST PAUL,MN55102
      PC GENERAL OPERATING SUPPORT 2020 25,000
    PERSPECTIVES INC
    3381 GORHAM AVE
    ST LOUIS PARK,MN55426
      PC CARGILL KIDS CAFE 316,666
    PILLSBURY UNITED COMMUNITIES
    3650 FREMONT AVE NO
    MINNEAPOLIS,MN55412
      PC NORTHSIDE FOOD SYSTEMS 250,000
    PROJECT SUCCESS-STUDENTS UNDERTAKING CREATIVE CONTROL
    1 GROVELAND TERRACE SUITE 300
    MINNEAPOLIS,MN55403
      PC CONNECTING HIGH SCHOOL STUDENTS TO THEIR PURPOSE 150,000
    PROVIDERS CHOICE INC
    7301 OHMS LANE SUITE 210
    MINNEAPOLIS,MN55439
      PC FEEDING CHILDREN WHERE THEY ARE: INCREASING FOOD SECURITY THROUGH CHILDCARE PARTNERSHIPS 75,000
    RENEWING THE COUNTRYSIDE II
    2637 27TH AVE S SUITE 17
    MINNEAPOLIS,MN55406
      PC HEALTHY KIDS, HEALTHY FAMILIES: COMMUNITY-BASED SYSTEMS CHANGE FOR OUR YOUNGEST EATERS 100,000
    SCIENCE FROM SCIENTISTS
    1 DEANGELO DRIVE SUITE C
    BEDFORD,MA01730
      PC IN-SCHOOL MODULE-BASED PROGRAM (ISMB) AND SCIENTIST TEACHER PARTNERSHIP (STP) PROGRAM EXPANSION, TWIN CITIES AREA 100,000
    SCIENCE MUSEUM OF MINNESOTA
    120 W KELLOGG BLVD
    SAINT PAUL,MN55102
      PC INSPIRECT: INSPIRING STEM LEARNING THROUGH APPLIED COMPUTATIONAL THINKING AND GENERAL OPERATING 677,573
    SECOND HARVEST HEARTLAND
    7101 WINNETKA AVE N
    BROOKLYN PARK,MN55428
      PC CHILD HUNGER INITIATIVE AND MN CENTRAL KITCHEN 1,005,000
    SERVEMINNESOTA
    120 S 6TH STREET SUITE 2260
    MINNEAPOLIS,MN55402
      PC K-3 MATH CORPS 428,365
    SHILOH CARES FOOD SHELF
    1201 WEST BROADWAY
    MINNEAPOLIS,MN55411
      PC PROGRAM SUPPORT 215,000
    ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT
    3395 PLYMOUTH ROAD
    MINNETONKA,MN55305
      PC EARLY CHILDHOOD NUTRITION PROGRAM 175,000
    TEACH FOR AMERICA TWIN CITIES
    401 2ND AVE NSUITE 200
    MINNEAPOLIS,MN55401
      PC TFA - TWIN CITIES AND THE CARGILL FOUNDATION: EXPANDING STEM EDUCATIONAL OPPORTUNITY FOR ALL 150,000
    THE CONSTELLATION FUND
    323 N WASHINGTON AVE 2ND FL
    MINNEAPOLIS,MN55401
      PC THE CONSTELLATION FUND 200,000
    THE FOOD GROUP
    8501 54TH AVENUE NORTH
    NEW HOPE,MN55428
      PC TWIN CITIES MOBILE MARKET AND FOOD SHELF SUPPORT 225,000
    THE GOOD ACRE
    1790 LARPENTEUR AVE W
    FALCON HEIGHTS,MN55113
      PC SCHOOL NUTRITION VOCATIONAL TRAINING PROGRAM 475,000
    THE MINNEAPOLIS FOUNDATION
    800 IDS CENTER 80TH SOUTH EIGHT
    STREET
    MINNEAPOLIS,MN55402
      PC PROGRAM SUPPORT 500,000
    TWIN CITIES PUBLIC TELEVISION
    172 EAST FOURTH STREET
    ST PAUL,MN55101
      PC MINNEAPOLIS BEACONS CLUBS: HIGH SCHOOL STEM STARS 162,500
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK STREET SE SUITE 500
    MINNEAPOLIS,MN554552009
      PC RAPTOR CENTER: OUTDOOR INVESTIGATIONS IN THE STEM CLASSROOM 45,000
    URBAN ROOTS
    1110 PAYNE AVE
    ST PAUL,MN55130
      PC PROGRAM SUPPORT 100,000
    URBAN VENTURES LEADERSHIP FOUNDATION
    2924 FOURTH AVENUE SOUTH
    MINNEAPOLIS,MN55408
      PC CHILDHOOD NUTRITION PROGRAMMING 200,000
    WALKER ART CENTER
    725 VINELAND PLACE
    MINNEAPOLIS,MN55403
      PC GENERAL OPERATING SUPPORT 2020 35,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF THE NORTH
    651 NICOLLET AVENUE SUITE 500
    MINNEAPOLIS,MN55402
      PC MEZILE YMCA NUTRITION PROGRAM 200,000
    YOUTH FARM AND MARKET PROJECT
    128 W 33RD ST STE 2
    MINNEAPOLIS,MN55408
      PC BUILDING COMMUNITY NETWORKS 100,000
    YOUTHPRISE
    3001 BROADWAY STREET NESUITE 330
    MINNEAPOLIS,MN55413
      PC YOUTHPRISE NUTRITION PROGRAM 125,000
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403
      PC CHILDHOOD NUTRITION PROGRAMMING 200,000
    Total .................................bullet 3a 11,999,593
    bApproved for future payment
    ATHLETES COMMITTED TO EDUCATING STUDENTS (ACES)
    1115 E HENNEPIN AVE
    MINNEAPOLIS,MN55414
      PC ACES SPORTS & STEM PROGRAMMING 150,000
    ACHIEVE MINNEAPOLIS - CAREER & COLLEGE READINESS
    2829 UNIVERSITY AVE SE SUITE 850
    MINNEAPOLIS,MN55414
      PC PROGRAM SUPPORT 632,666
    ACHIEVE MINNEAPOLIS - GEMSGISE
    2829 UNIVERSITY AVE SE SUITE 850
    MINNEAPOLIS,MN55414
      PC GEMS/GISE 338,939
    ACHIEVE MINNEAPOLIS - STEM FOR ALL
    2829 UNIVERSITY AVE SE SUITE 850
    MINNEAPOLIS,MN55414
      PC STEM FOR ALL 260,390
    AFRICAN AMERICAN LEADERSHIP FORUM
    1600 UTICA AVENUE SOUTH
    SAINT LOUIS PARK,MN55416
      PC PROGRAM SUPPORT 250,000
    BANYAN FOUNDATION
    2529 13TH AVENUE SOUTH
    MINNEAPOLIS,MN554044506
      PC ADOLESCENT EDUCATION SUPPORT PROGRAM - ACES 70,000
    BLACK MEN TEACH
    1001 HIGHWAY 7 SUITE 170L
    HOPKINS,MN553054737
      PC PROGRAM SUPPORT 50,000
    BREAKTHROUGH TWIN CITIES
    2051 LARPENTEUR AVE E
    ST PAUL,MN55109
      PC CAPACITY BUILDING 237,500
    CODE SAVVYTECHNOVATIONMN
    PO BOX 16628
    SAINT LOUIS PARK,MN554160628
      PC TECHNOVATION[MN] 130,000
    COLLEGE POSSIBLE
    755 PRIOR AVENUE N STE 200
    SAINT PAUL,MN55104
      PC COLLEGE READINESS PROGRAMMING 225,000
    COMUNIDADES LATINAS UNIDAS EN SERVICIO (CLUES)
    797 EAST 7TH STREET
    ST PAUL,MN55106
      PC YA! (YOUTH IN ACTION) 50,000
    GENESYS WORKS
    445 MINNESOTA STREET SUITE 720
    ST PAUL,MN55101
      PC PROGRAM SUPPORT 50,000
    GREATER TWIN CITIES UNITED WAY
    404 S 8TH ST
    MINNEAPOLIS,MN554041027
      PC GENERAL OPERATING SUPPORT 2021 500,000
    GREENLIGHT FUND
    50 MILK STREET 16TH FLOOR
    BOSTON,MA02109
      PC GREENLIGHT FUND TWIN CITIES 50,000
    GUTHRIE THEATRE COMPANY
    818 SOUTH SECOND STREET
    MINNEAPOLIS,MN554151252
      PC GENERAL OPERATING SUPPORT 2021 250,000
    MINNESOTA CHILDREN'S MUSEUM
    10 WEST 7TH STREET
    ST PAUL,MN551022453
      PC GENERAL OPERATING SUPPORT 2021 250,000
    NORTHSIDE ACHIEVEMENT ZONE (NAZ)
    2123 WEST BROADWAY AVENUE 100
    MINNEAPOLIS,MN55411
      PC SCHOLAR COACHING AND HIGH SCHOOL THROUGH COLLEGE/CAREER SUCCESS STRATEGIES 250,000
    PERSPECTIVES
    3381 GORHAM AVE
    ST LOUIS PARK,MN55426
      PC CARGILL KIDS CAFE 150,000
    PILLSBURY UNITED COMMUNITIES
    3650 FREMONT AVE NO
    MINNEAPOLIS,MN55412
      PC NORTHSIDE FOOD SYSTEMS 250,000
    PROJECT SUCCESS
    1 GROVELAND TERRACE SUITE 300
    MINNEAPOLIS,MN55403
      PC CONNECTING HIGH SCHOOL STUDENTS TO THEIR PURPOSE 150,000
    PROVIDERS CHOICE
    7301 OHMS LANE SUITE 210
    MINNEAPOLIS,MN55439
      PC FEEDING CHILDREN WHERE THEY ARE: INCREASING FOOD SECURITY THROUGH CHILDCARE PARTNERSHIPS 75,000
    SCIENCE MUSEUM OF MN
    120 W KELLOGG BLVD
    SAINT PAUL,MN55102
      PC INSPIRECT: INSPIRING STEM LEARNING THROUGH APPLIED COMPUTATIONAL THINKING AND GENERAL OPERATING 406,219
    SECOND HARVEST HEARTLAND
    7101 WINNETKA AVE N
    BROOKLYN PARK,MN55428
      PC CHILD HUNGER INITIATIVE AND MN CENTRAL KITCHEN 250,000
    SERVEMINNESOTA
    120 S 6TH STREET SUITE 2260
    MINNEAPOLIS,MN55402
      PC K-3 MATH CORPS 346,685
    SHILOH CARES FOOD SHELF
    1201 WEST BROADWAY
    MINNEAPOLIS,MN55411
      PC PROGRAM SUPPORT 150,000
    ST DAVID'S CENTER FOR CHILD & FAMILY DEVELOPMENT
    3395 PLYMOUTH ROAD
    MINNETONKA,MN55305
      PC EARLY CHILDHOOD NUTRITION PROGRAM 175,000
    THE CONSTELLATION FUND
    323 N WASHINGTON AVE 2ND FL
    MINNEAPOLIS,MN55401
      PC THE CONSTELLATION FUND 200,000
    THE GOOD ACRE
    1790 LARPENTEUR AVE W
    FALCON HEIGHTS,MN55113
      PC SCHOOL NUTRITION VOCATIONAL TRAINING PROGRAM 225,000
    TWIN CITIES PUBLIC TELEVISION
    172 EAST FOURTH STREET
    ST PAUL,MN55101
      PC MINNEAPOLIS BEACONS CLUBS: HIGH SCHOOL STEM STARS 87,500
    URBAN ROOTS
    1110 PAYNE AVE
    ST PAUL,MN55130
      PC PROGRAM SUPPORT 100,000
    YWCA OF MINNEAPOLIS
    1130 NICOLLET MALL
    MINNEAPOLIS,MN55403
      PC CHILDHOOD NUTRITION PROGRAMMING 50,000
    Total .................................bullet 3b 6,359,899
    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 3,924  
    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 74,852,461  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME
    523000 1,032      
    bMISCELLANEOUS INCOME     14 189  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 1,032 78,034,070 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    78,035,102
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    41-6020221
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    CARGILL FOUNDATION
     
    Employer identification number
    41-6020221
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
    1
    CARGILL INC
     
    PO BOX 5650
     
    MINNEAPOLIS, MN554405650

    $ 25,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.
    (b)
    Name, address, and ZIP + 4
    (c)
    Total contributions
    (d)
    Type of contribution
    2
    ESTATE OF ALAN J EDLY
     
    500 WEST PUTMAN AVENUE
     
    GREENWICH, CT06830

    $ 2,500,000


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

    $  


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

    $  


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

    $  


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

    $  


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

    41-6020221
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    (a)
    No. from Part I
    (b)
    Description of noncash property given
    (c)
    FMV (or estimate)
    (See instructions)
    (d)
    Date received
     
    $    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CARGILL FOUNDATION
     
    Employer identification number

    41-6020221
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I
    (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT FEES 100,044 75,033 0 0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALPHABET INC 1,477,814 1,581,784
    ANTHEM INC 1,797,646 2,148,971
    BERKSHIRE HATHAWAY INC 1,179,650 1,270,750
    BLACKROCK EMERGING FUND 25,222,819 27,393,090
    CITIGROUP INC 1,402,278 1,192,944
    MICROSOFT CORP 541,157 633,963
    RBC BLUEBAY 13,379,289 13,082,987
    CTF EMERGING 5,771,810 5,624,121
    MARATHAN 3,600,000 3,600,000
    PACIFIC ASSET MANAGEMENT BANK LOAN FUND LP 7,194,450 7,265,510
    SSGA LONG 15,900,000 16,390,237
    ABCAM PLC 367,816 422,953
    ADOBE INC 566,797 551,182
    ADVANCE AUTO PARTS INC 486,580 546,926
    ADYEN NV 512,136 457,383
    AIA GROUP LTD 338,272 290,353
    ALCON INC 440,700 475,588
    ALIBABA GROUP HOLDING LTD 1,229,511 995,985
    AMERICAN EXPRESS CO 1,153,536 1,100,537
    AMERICAN WATER WORKS CO INC 330,823 364,878
    APPLE INC 496,368 612,617
    APTIV PLC 440,706 478,520
    BAE SYSTEMS PLC 927,141 892,033
    BANK OF NEW YORK MELLON 1,389,392 1,524,600
    BECTON DICKINSON AND CO 363,785 363,389
    BIO-RAD LABORATORIES INC 592,757 589,345
    BLOCK INC 362,959 246,787
    BOOKING HOLDINGS INC 365,132 369,481
    BRUKER CORP 446,682 467,714
    BYD CO LTD 326,208 359,055
    CALIX INC 455,058 732,285
    CHR HANSEN HOLDING 332,063 312,065
    CIE FINANCIERE 961,951 1,358,603
    COINBASE GLOBAL INC 236,736 260,193
    COMPASS GROUP PLC 1,361,099 1,446,081
    DANAHER CORP 688,539 733,034
    DANONE SA 1,857,326 1,670,442
    DASSAULT SYST 555,592 619,735
    DEERE & CO 336,055 327,460
    DENTSPLY SIRONA INC 782,976 743,681
    ERSTE GROUP BANK 677,965 722,230
    EXPEDIA GROUP INC 1,038,732 1,135,283
    FLEX LTD 617,426 626,135
    GERRESHEIMER 357,332 346,562
    GLAXOSMITHKLINE PLC 358,917 376,741
    GROUPE BRUXELLES LAMBERT 671,143 677,468
    HDFC BANK LTD 652,148 577,171
    HEIDELBERGCEMENT 1,365,992 1,222,344
    HEXCEL CORP 425,072 367,314
    IMPERIAL OIL LTD 509,969 590,750
    INFINEON TECHNOLOGIES 496,208 555,254
    ING GROEP 635,023 596,151
    KONINKLIJKE DSM 518,374 575,523
    KONINKLIJKE PHILIPS 1,756,989 1,494,289
    LABORATORY CORP OF AMERICA HOL 686,481 748,448
    LLOYDS BANKING GROUP 654,110 669,220
    LUMENTUM HOLDINGS INC 605,946 753,929
    MARSH & MCLENNAN COS INC 857,222 963,832
    MERCADOLIBRE INC 225,834 183,382
    META PLATFORMS INC 1,647,864 1,622,552
    MOTOROLA SOLUTIONS INC 611,710 699,899
    MSCI INC 720,379 712,559
    NETWORK INTERNATIONAL HOLDINGS 174,535 140,950
    NEXTERA ENERGY INC 433,616 512,173
    NIKE INC 536,723 610,179
    NINTENDO CO LTD 990,239 978,377
    NOVARTIS 1,738,645 1,838,118
    NXP SEMICONDUCTORS 480,377 545,761
    ORSTED 318,232 295,118
    PARTNERS GROUP HOLDING 587,013 612,536
    PROCTER & GAMBLE CO 299,680 343,682
    PROGRESSIVE CORP 772,856 863,594
    RECRUIT HOLDINGS CO LTD 460,095 454,084
    ROCKWELL AUTOMATION INC 582,371 676,769
    SAMSUNG ELECTRONICS CO LTD 1,926,879 2,043,111
    SCHNEIDER ELECTRIC 425,025 485,989
    SHELL PLC 557,496 548,969
    SMC CORP 442,694 471,651
    SODEXO 304,498 294,971
    SOUTHWEST AIRLINES CO 833,948 705,660
    STERIS PLC 497,404 574,691
    SVB FINANCIAL GROUP 834,981 850,513
    TAIWAN SEMICONDUCTOR 356,331 380,180
    TELEFONAKTIEBOLAGET 378,056 372,119
    TELEFONICA BRASIL 470,897 523,360
    TETRA TECH INC 375,542 417,878
    TOMRA SYSTEMS 441,086 547,401
    TOPBUILD CORP 509,436 657,494
    TREX CO INC 465,858 595,752
    UBS GROUP 1,306,211 1,450,435
    VESTAS WIND SYSTEMS 533,896 390,658
    VISA INC 388,654 370,791
    WASTE MANAGEMENT INC 692,193 758,227
    WOLFSPEED INC 278,305 380,465
    XYLEM INC 408,581 382,425
    ACADIAN INTERNATIONAL SMALL CAP FUND 8,600,000 8,889,867
    OWNERSHIP CAPITAL GLOBAL EQUITY (USD) FUND L.P. 27,481,745 28,077,597
    BGF POSITIVE CHGE EQTS-INST 4,514,372 3,947,048
    BOSTON TR WALDEN SM CAP 14,686,996 14,522,911
    ISHARES CORE S&P 500 ETF 30,302,728 33,531,920
    ISHARES MSCI EAFE ETF 13,886,277 13,598,894
    NINETY ONE GLBL ENVIRON-INST 4,220,957 4,478,351

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALPHADYNE INTERNATIONAL FUND FMV 1,359,625 1,703,569
    APTITUDE ALTERNATIVE EQUITY FMV 3,000,000 3,063,603
    ARISTEIA INTERNATIONAL LIMITED FMV 0 97,479
    AURELIUS CAPITAL MANAGEMENT FMV 0 43,233
    GOLDEN TREE HIGH YIELD FUND FMV 0 37,825
    LUXOR CAPITAL PARTNERS FMV 1,000,000 2,015,983
    OZ MASTER FUND FMV 0 4,495
    PALMETTO FUND LTD FMV 323,299 266,652
    SILVER POINT CAP OFFSHORE FD FMV 0 922,505
    STEADFAST FMV 1,000,000 2,273,841
    VALUEACT CAP PARTNERS FMV 1,500,000 2,443,012
    VIKING GLOBAL EQUITIES III LTD FMV 911,164 3,181,930

    TY 2021 OtherExpensesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SUPPLIES & EQUIPMENT 21,203 10,602 0 0
    MISCELLANANEOUS EXPENSE 13,404 6,702 0 0
    OTHER EXPENSE 0 48,815 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 0 77,975 0
    MISCELLANEOUS INCOME 1,221 1,221 0


    TY 2021 OtherIncreasesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Description Amount
    IN-KIND AND SERVICE CONTRIBUTIONS 258,557


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED TAX LIABILITY 910,002 1,127,290


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EAGLE MANAGEMENT 159,345 159,345 0 0
    PROFESSIONAL SERVICES 311,344 52,723 0 0
    RUSSELL 1000 EQUITY INDEX FUND 7,036 7,036 0 0
    BLACKROCK EMERGING FUND 24,196 24,196 0 0
    SPRUCEGROVE INVESTMENT 55,536 55,536 0 0
    WELLINGTON TRUST CO 129,496 129,496 0 0
    PACIFIC ASSET MANAGEMENT 3,712 3,712 0 0
    OWNERSHIP CAPITAL 17,943 17,943 0 0


    TY 2021 TaxesSchedule
    Name:
    CARGILL FOUNDATION
    EIN:
    41-6020221
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX EXPENSE 375,287 0 0 0
    FOREIGN TAXES PAID 0 76,657 0 0