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 06-01-2021 , and ending 05-31-2022
Name of foundation
MIKE & LINDA FITERMAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)5500 WAYZATA BOULEVARD SUITE 1015
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55416
A Employer identification number

41-6058465
B Telephone number (see instructions)

(763) 536-6636
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$29,686,477J 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) 2,700,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 110,339 110,339  
4 Dividends and interest from securities... 329,145 329,145  
5a Gross rents............ 123,471 123,471  
b Net rental income or (loss) 123,471
6a Net gain or (loss) from sale of assets not on line 10 1,752,133
b Gross sales price for all assets on line 6a 11,847,715
7 Capital gain net income (from Part IV, line 2)... 1,752,133
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).......      
12 Total. Add lines 1 through 11........ 5,015,088 2,315,088 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 218,586 608 0 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 181,705 181,680 0 25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 400,291 182,288 0 25
25 Contributions, gifts, grants paid....... 1,746,150 1,746,150
26 Total expenses and disbursements. Add lines 24 and 25 2,146,441 182,288 0 1,746,175
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,868,647
b Net investment income (if negative, enter -0-) 2,132,800
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............. 164,429 908,203 908,203
2 Savings and temporary cash investments......... 4,692,608 4,633,111 4,633,111
3 Accounts receivable bullet8,300
Less: allowance for doubtful accounts bullet     8,300 8,300
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) 1,688,304 Click to see attachment3,736,527 3,591,536
b Investments—corporate stock (attach schedule)....... 12,791,247 Click to see attachment14,320,973 14,894,243
c Investments—corporate bonds (attach schedule)....... 5,715,288 Click to see attachment4,533,396 4,335,987
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,509,133 Click to see attachment1,284,642 1,284,640
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment25,953 Click to see attachment30,457 Click to see attachment30,457
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,586,962 29,455,609 29,686,477
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........ 12,253,232 12,253,232
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 14,333,730 17,202,377
29 Total net assets or fund balances (see instructions)..... 26,586,962 29,455,609
30 Total liabilities and net assets/fund balances (see instructions). 26,586,962 29,455,609
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
26,586,962
2
Enter amount from Part I, line 27a .....................
2
2,868,647
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
29,455,609
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
29,455,609
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 TOTAL BREMER INVESTMENT P 2021-04-01 2022-05-31
b TOTAL SCHWAB P 2021-04-01 2022-05-31
c TOTAL US BANK PRIVATE CLIENT P 2021-04-01 2022-05-31
d FOUNDERS PROPERTIES INCOME FUND P 2021-04-01 2022-05-31
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 4,730,985   3,887,314 843,671
b 1,961,083   2,001,509 -40,426
c 4,275,686   4,206,759 68,927
d 879,961     879,961
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       843,671
b       -40,426
c       68,927
d       879,961
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,752,133
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 29,646
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 29,646
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 55,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 55,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 18
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 25,336
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet25,336 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
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 addressbulletN/A
    14
    The books are in care ofbulletDAVID LENZEN Telephone no.bullet (763) 536-6636

    Located atbullet5500 WAYZATA BOULEVARD SUITE 1015MINNEAPOLISMN ZIP+4bullet55416
    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
    MICHAEL FITERMAN PRESIDENT
    4.00     		0 0 0
    5600 NORTH HIGHWAY 169
    MINNEAPOLIS,MN55428
    DAVID LENZEN SECRETARY
    8.00     		0 0 0
    5500 WAYZATA BOULEVARD
    MINNEAPOLIS,MN55416
    LINDA FITERMAN TREASURER
    10.00     		0 0 0
    5500 WAYZATA BOULEVARD
    MINNEAPOLIS,MN55416
    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
    26,221,359
    b
    Average of monthly cash balances.......................
    1b
    5,691,272
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    31,912,631
    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
    31,912,631
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    478,689
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    31,433,942
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,571,697
    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
    1,571,697
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    29,646
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    129,176
    c
    Add lines 2a and 2b............................
    2c
    158,822
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,412,875
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,412,875
    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
    1,412,875
    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 1,412,875
    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...... 146,260
    b From 2017...... 128,214
    c From 2018...... 188,638
    d From 2019...... 938,852
    e From 2020...... 428,092
    f Total of lines 3a through e ........ 1,830,056
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,746,175
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 1,412,875
    e Remaining amount distributed out of corpus 333,300
    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 2,163,356
    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) ...     		146,260
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		2,017,096
    10 Analysis of line 9:
    a Excess from 2017.... 128,214
    b Excess from 2018.... 188,638
    c Excess from 2019.... 938,852
    d Excess from 2020.... 428,092
    e Excess from 2021.... 333,300
    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:
    LINDA FITERMAN
    5500 WAYZATA BOULEVARD SUITE 1015
    MINNEAPOLIS,MN55416
    (763) 971-1904
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATION FORMS ARE AVAILABLE BY CONTACTING PERSON INDICATED IN 2A
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED AT ANY TIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NO GRANTS WILL BE APPROVED FOR INDIVIDUALS, LOBBYING OR ADVOCACY GROUPS
    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
    ADATH JESHURUN CONGREGATION
    10500 HILLSIDE LANE WEST
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 10,000
    ALZHEIMER'S ASSOCIATION
    225 N MICHIGAN AVE FL 17
    CHICAGO,IL60601     		  PC PUBLIC SUPPORT 1,000
    AMERICAN RED CROSS
    1201 WEST RIVER PARKWAY
    MINNEAPOLIS,MN55454     		  PC PUBLIC SUPPORT 5,000
    ANTI-DEFAMATION LEAGUE
    120 SOUTH LASALLE SUITE 1150
    CHICAGO,IL60603     		  PC PUBLIC SUPPORT 1,800
    APPETITE FOR CHANGE
    1200 WEST BROADWAY AVE 250
    MINNEAPOLIS,MN55411     		  PC PUBLIC SUPPORT 1,000
    ARC GREATER TWIN CITIES
    2446 UNIVERSITY AVENUE W SUITE 116
    ST PAUL,MN55114     		  PC PUBLIC SUPPORT 3,000
    BASICILA LANDMARK
    PO BOX 50070
    MINNEAPOLIS,MN55405     		  PC PUBLIC SUPPORT 1,000
    BETH TIKVAH SYNAGOGUE
    1459 PINE RIDGE ROAD
    NAPLES,FL34109     		  PC PUBLIC SUPPORT 5,000
    BIG BROTHERS BIG SISTERS
    2550 UNIVERSITY AVENUE SUITE 410N
    ST PAUL,MN55114     		  PC PUBLIC SUPPORT 5,000
    BOLDER OPTIONS
    2100 STEVENS AVE
    MINNEAPOLIS,MN55404     		  PC PUBLIC SUPPORT 5,000
    BOYS AND GIRLS CLUB OF THE TWIN CITIES
    690 JACKSON STREET
    ST PAUL,MN55130     		  PC PUBLIC SUPPORT 3,000
    BRIDGE FOR RUNAWAY YOUTH
    2200 EMERSON AVENUE SOUTH
    MINNEAPOLIS,MN55405     		  PC PUBLIC SUPPORT 3,000
    BRIDGING INC
    201 WEST 87TH STEET
    MINNEAPOLIS,MN55420     		  PC PUBLIC SUPPORT 3,500
    CATHOLIC CHARITIES
    SDS 12-2961 PO BOX 86
    MINNEAPOLIS,MN55486     		  PC PUBLIC SUPPORT 11,500
    CATHOLIC SERVICES APPEAL FOUNDATION
    12805 HWY 55 SUITE 210
    PLYMOUTH,MN55441     		  PC PUBLIC SUPPORT 1,000
    CHABAD CENTER FOR JEWISH LIFE
    2845 HEDBERG DR
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 100,000
    CHILDREN'S FOUNDATION
    5901 LINCOLN DRIVE
    EDINA,MN55436     		  PC PUBLIC SUPPORT 20,000
    CHILDREN'S HEARTLINK
    5075 ARCADIA AVENUE
    MINNEAPOLIS,MN55436     		  PC PUBLIC SUPPORT 3,000
    CITY OF HOPE
    1500 EAST DUARTE RD
    DUARTE,CA91010     		  PC PUBLIC SUPPORT 125,000
    COLEL CHABAD
    806 EASTERN PKWY
    BROOKLYN,NY11213     		  PC PUBLIC SUPPORT 5,000
    COMMUNITY HEALTH CHARITIES MINNESOTA
    1199 N FAIRFAX STREET SUITE 600
    ALEXANDRIA,VA22314     		  PC PUBLIC SUPPORT 100,000
    CORNERSTONE
    1000 EAST 80TH STREET
    BLOOMINGTON,MN55420     		  PC PUBLIC SUPPORT 750
    COURAGE KENNY FOUNDATION
    3915 GOLDEN VALLEY ROAD
    GOLDEN VALLEY,MN55422     		  PC PUBLIC SUPPORT 5,000
    DUNWOODY COLLEGE OF TECHNOLOGY
    818 DUNWOODY BLVD
    MINNEAPOLIS,MN55403     		  PC PUBLIC SUPPORT 2,500
    GCZS CO RABBI WEINBERG
    2835 SALEM AVE
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 2,000
    GIRL SCOUTS OF GREATER MINNEAPOLIS
    5601 BROOKLYN BOULEVARD
    BROOKLYN CENTER,MN55429     		  PC PUBLIC SUPPORT 3,000
    GUSTAVUS WOMEN IN LEADERSHIP
    800 WEST COLLEGE AVE
    ST PETER,MN56082     		  PC PUBLIC SUPPORT 2,500
    HABITAT FOR HUMANITY
    1954 UNIVERSITY AVENUE WEST
    ST PAUL,MN55104     		  PC PUBLIC SUPPORT 5,000
    HERZL CAMP
    4330 CEDAR LAKE ROAD S
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 20,500
    HIAS
    1300 SILVER SPRING STSUITE 500
    SILVER SPRING,MD20910     		  PC PUBLIC SUPPORT 15,000
    HOMEWARD BOUND INC
    12805 HWY 55 SUITE 400
    PLYMOUTH,MN55441     		  PC PUBLIC SUPPORT 500
    HOPE ACADEMY
    2300 CHICAGO AVE
    MINNEAPOLIS,MN55404     		  PC PUBLIC SUPPORT 1,000
    INTERFAITH OUTREACH AND COMMUNITY PARTNERS
    1605 COUNTY ROAD 101 N
    PLYMOUTH,MN55447     		  PC PUBLIC SUPPORT 500
    JAFINA
    633 3RD AVE 21ST FLOOR
    NEW YORK,NY10017     		  PC PUBLIC SUPPORT 1,800
    JEWFOLK MEDIA
    PO BOX 2294
    MINNEAPOLIS,MN55402     		  PC PUBLIC SUPPORT 1,000
    JEWISH FAMILY & CHILDREN'S SERVICE
    5905 GOLDEN VALLEY RD
    GOLDEN VALLEY,MN55422     		  PC PUBLIC SUPPORT 15,000
    JEWISH FEDERATION OF COLLIER COUNTY
    2500 VANDERBILT BEACH RD 2201
    NAPLES,FL34109     		  PC PUBLIC SUPPORT 2,200
    JEWISH FUNDERS NETWORK
    150 WEST 30TH ST SUITE 900
    NEW YORK,NY10001     		  PC PUBLIC SUPPORT 1,000
    JEWISH NATIONAL FUND
    60 REVERE DR SUITE 725
    NORTHBROOK,IL60062     		  PC PUBLIC SUPPORT 5,000
    J-HAP
    9280 GOLDEN VALLEY ROAD
    GOLDEN VALLEY,MN55427     		  PC PUBLIC SUPPORT 18,000
    JUNIOR ACHIEVEMENT
    1745 UNIVERSITY AVE W
    ST PAUL,MN55104     		  PC PUBLIC SUPPORT 2,500
    KENESSETH ISRAEL CONGREGATION
    4330 WEST 28TH STREET
    ST PAUL,MN55104     		  PC PUBLIC SUPPORT 30,000
    LITTLE SISTERS OF THE POOR
    330 EXCHANGE PLACE
    ST PAUL,MN55102     		  PC PUBLIC SUPPORT 1,000
    LIVING LEGACY-MINNEAPOLIS CHABAD
    2845 HEDBERG DRIVE
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 25,000
    LIVING WORD CHRISTIAN CENTER
    9201 75TH AVE N
    BROOKLYN CENTER,MN55428     		  PC PUBLIC SUPPORT 12,000
    LOAVES & FISHES
    721 KASOTA AVENUE SE
    MINNEAPOLIS,MN55414     		  PC PUBLIC SUPPORT 2,000
    MAKE-A-WISH MINNESOTA
    1919 UNIVERSITY AVE W SUITE 415
    MINNEAPOLIS,MN55104     		  PC PUBLIC SUPPORT 1,000
    MAROON AND GOLD RISING
    310 4TH AVE S SUITE 5010
    MINNEAPOLIS,MN55415     		  PC PUBLIC SUPPORT 5,000
    MAYO FOUNDATION
    200 FIRST STREET SW
    ROCHESTER,MN55905     		  PC PUBLIC SUPPORT 5,000
    MINNEAPOLIS COMMUNITY KOLLEL
    2930 INGLEWOOD AVE S
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 1,800
    MINNEAPOLIS JEWISH FEDERATION
    111 CHESHIRE LN SUITE 50
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 426,000
    MINNEAPOLIS RECREATION DEVELOPMENT INC
    7220 YORK AVENUE SOUTH SUITE 610
    EDINA,MN55435     		  PC PUBLIC SUPPORT 1,000
    MINNESOTA FFA FOUNDATION
    BOX 365
    PLAINVIEW,MN55964     		  PC PUBLIC SUPPORT 3,000
    MINNESOTA HILLEL
    1521 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		  PC PUBLIC SUPPORT 61,800
    MINNESOTA VIETNAM VETERANS CHARITY
    2674 MACKUBIN ST
    ROSEVILLE,MN55113     		  PC PUBLIC SUPPORT 3,000
    MINNESOTANS AGAINST TERRORISM
    PO BOX 368
    HOPKINS,MN55343     		  PC PUBLIC SUPPORT 15,000
    MPGL ENTERTAINMENT MILKWOOD THE MOVIE
    4712 ZENITH AVE S
    MINNEAPOLIS,MN55410     		  PC PUBLIC SUPPORT 1,000
    PROJECT EXTREME
    335 CENTRAL AVE
    LAWRENCE,NY11559     		  PC PUBLIC SUPPORT 1,800
    SCIENCE MUSEUM OF MINNESOTA
    120 WEST KELLOG BLVD
    ST PAUL,MN55102     		  PC PUBLIC SUPPORT 1,000
    SHA'ARIM
    2851 HEDBERG DR
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 15,000
    SHARING & CARING HANDS
    525 NORTH 7TH STREET
    MINNEAPOLIS,MN55405     		  PC PUBLIC SUPPORT 3,000
    SHOLOM AUXILIARY
    3620 PHILLIPS PARKWAY
    ST LOUIS PARK,MN55426     		  PC PUBLIC SUPPORT 25,000
    ST DAVID'S CENTER
    3395 PLYMOUTH ROAD
    MINNETONKA,MN55305     		  PC PUBLIC SUPPORT 13,000
    ST LOUIS PARK EMERGENCY PROGRAM (STEP)
    6812 WEST LAKE STREET
    ST LOUIS PARK,MN55426     		  PC PUBLIC SUPPORT 5,000
    TALMUD TORAH OF MINNEAPOLIS
    4330 SOUTH CEDAR LAKE ROAD
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 2,500
    TORAH ACADEMY
    2800 JOPPA AVE S
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 1,800
    UNITED WAY - ATLANTA
    100 EDGEWOOD AVENUE NE
    ATLANTA,GA30303     		  PC PUBLIC SUPPORT 2,000
    UNITED WAY - GREATER TWIN CITIES
    404 SOUTH 8TH STREET
    MINNEAPOLIS,MN55404     		  PC PUBLIC SUPPORT 190,000
    UNITED WAY - METROPOLITAN TARRANT COUNTY
    1500 N MAIN ST STE 200
    FT WORTH,TX76164     		  PC PUBLIC SUPPORT 8,000
    UNITED WAY - MIDLANDS
    2201 FARNAM STREET
    OMAHA,NE68102     		  PC PUBLIC SUPPORT 8,000
    UNITED WAY - NORTHEAST MISSISSIPPI
    PO BOX 334
    TUPELO,MS38802     		  PC PUBLIC SUPPORT 19,000
    UNITED WAY - QUAD CITIES AREA
    852 MIDDLE ROAD 401
    BETTENDORF,IA52722     		  PC PUBLIC SUPPORT 13,000
    UNITED WAY - SAN DIEGO COUNTY
    4699 MURPHY CANYON ROAD
    SAN DIEGO,CA92123     		  PC PUBLIC SUPPORT 3,000
    UNITED WAY - SPENCER
    PO BOX 616
    SPENCER,IA51301     		  PC PUBLIC SUPPORT 12,000
    UNITED WAY - ST CLOUD
    921 1ST ST N 200
    STCLOUD,MN56303     		  PC PUBLIC SUPPORT 24,000
    UNITED WAY - VALLEY OF THE SUN
    3200 E CAMELBACK RD STE 375
    PHOENIX,AZ85018     		  PC PUBLIC SUPPORT 7,000
    UNITED WAY - VIRGINIA
    2515 WALMER AVENUE
    NORFOLK,VA23513     		  PC PUBLIC SUPPORT 4,000
    UNIVERSITY OF IOWA FOUNDATION
    PO BOX 4550
    IOWA CITY,IA52244     		  PC PUBLIC SUPPORT 500
    UNIVERSITY OF MINNESOTA FOUNDATION
    200 OAK STREET SE SUITE 500
    MINNEAPOLIS,MN55455     		  PC PUBLIC SUPPORT 121,000
    WASHBURN CENTER FOR CHILDREN MINNEAPOLIS
    1100 GLENWOOD AVE
    MINNEAPOLIS,MN55405     		  PC PUBLIC SUPPORT 1,500
    YESHIVA OF MINNEAPOLIS
    3115 OTTAWA AVE S
    MINNEAPOLIS,MN55416     		  PC PUBLIC SUPPORT 34,000
    YMCA - NORTHWEST BRANCH
    7601 42ND AVENUE NORTH
    NEW HOPE,MN55427     		  PC PUBLIC SUPPORT 10,000
    YOUTH WITH A MISSION
    100 WEST 35TH ST
    NATIONAL CITY,CA91950     		  PC PUBLIC SUPPORT 500
    AMERICAN JEWISH COMMITTEE
    PO BOX 7247
    PHILADELPHIA,PA19170     		  PC PUBLIC SUPPORT 1,800
    BETH EL SYNAGOGUE
    5225 BARRY ST W
    ST LOUIS PARK,MN55416     		  PC PUBLIC SUPPORT 11,800
    CAN DO CANINES
    9440 SCIENCE CENTER DR
    NEW HOPE,MN55428     		  PC PUBLIC SUPPORT 5,000
    CHABAD U OF M
    1121 UNIVERSITY AVE SE
    MINNEAPOLIS,MN55414     		  PC PUBLIC SUPPORT 5,000
    CREATE A MEMORY FOUNDATION
    80 S 8TH ST
    MINNEAPOLIS,MN55402     		  PC PUBLIC SUPPORT 1,000
    CRESCENT COVE
    4201 BASS LAKE RD
    BROOKLYN CENTER,MN55429     		  PC PUBLIC SUPPORT 1,500
    CYSTIC FIBROSIS FOUNDATION - MN CHAPTER
    100 N 6TH ST STE 604A
    MINNEAPOLIS,MN55403     		  PC PUBLIC SUPPORT 1,000
    EDINA ORCHESTRA BOOSTERS
    6754 VALLEY VIEW RD
    EDINA,MN55439     		  PC PUBLIC SUPPORT 600
    EVERY MEAL
    2723 PATTON ROAD
    ROSEVILLE,MN55113     		  PC PUBLIC SUPPORT 1,000
    GREATER MINNEAPOLIS CRISIS NURSERY
    4544 4TH AVE S
    MINNEAPOLIS,MN55419     		  PC PUBLIC SUPPORT 2,500
    HEILICHER JEWISH DAY SCHOOL
    4330 CEDAR LAKE ROAD S
    MINNEAPOLIS,MN55416     		  PC PUBLIC SUPPORT 18,000
    JEWISH COMMUNITY RELATIONS COUNCIL
    12 N 12TH ST 480
    MINNEAPOLIS,MN55403     		  PC PUBLIC SUPPORT 1,000
    LUBAVITCH CHEDER DAY SCHOOL
    1758 FORD PKWY
    ST PAUL,MN55116     		  PC PUBLIC SUPPORT 1,800
    MINNESOTA 100 CLUB
    PO BOX 1066
    ANOKA,MN55303     		  PC PUBLIC SUPPORT 6,600
    MINNESOTA COUNCIL ON FOUNDATIONS
    800 N WASHINGTON AVE STE 703
    MINNEAPOLIS,MN55401     		  PC PUBLIC SUPPORT 9,600
    MINNESOTA JEWISH COMMUNITY CENTER
    1375 ST PAUL AVE
    ST PAUL,MN55116     		  PC PUBLIC SUPPORT 26,000
    PKD FOUNDATION
    1001 E 101ST TERRACE STE 220
    KANSAS CITY,MO64131     		  PC PUBLIC SUPPORT 1,000
    PODCAST FELLOWSHIP
    24786 SUSSEX ST
    OAK PARK,MI48237     		  PC PUBLIC SUPPORT 1,000
    SHIR TIKVAH SYNAGOGUE
    1360 W MINNEHAHA PKWY
    MINNEAPOLIS,MN55419     		  PC PUBLIC SUPPORT 3,600
    SIX POINTS THEATER
    1978 FORD PKWY
    ST PAUL,MN55116     		  PC PUBLIC SUPPORT 1,000
    TWIN CITIES RETROUVAILLE
    14403 57TH ST N
    STILLWATER,MN55082     		  PC PUBLIC SUPPORT 1,200
    UNITED SYNAGOGUE YOUTH
    120 BROADWAY
    NEW YORK,NY10271     		  PC PUBLIC SUPPORT 3,600
    UNITED WAY - RIVERSIDEINLAND VALLEYS
    1835 CHICAGO AVE STE B
    RIVERSIDE,CA92507     		  PC PUBLIC SUPPORT 1,000
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20037     		  PC PUBLIC SUPPORT 1,000
    YESHIVAS MIR YERUSHALAYIM
    5227 NEW UTRECHT AVE
    BROOKLYN,NY11219     		  PC PUBLIC SUPPORT 1,800
    Total .................................bullet 3a 1,746,150
    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 ...........     		    14 110,339  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......     16 123,471  
    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 1,752,133  
    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 2,315,088 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,315,088
    (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
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
     
    Employer identification number

    41-6058465
    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
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
          		Employer identification number
    41-6058465
    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
    LIBERTY DIVERSIFIED INTERNATIONAL INC
     
    5600 NORTH HIGHWAY 169
     
    MINNEAPOLIS, MN55428

    		$ 2,700,000


    (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.)
    (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
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
          		Employer identification number

    41-6058465
    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
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
          		Employer identification number

    41-6058465
    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 InvestmentsCorpBondsSchedule
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 4,533,396 4,335,987

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK 14,320,973 14,894,243

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    US Government Securities - End of Year Book Value:

    3,736,527
    US Government Securities - End of Year Fair Market Value:

    3,591,536
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    STATE OF ISRAEL BONDS AT COST 600,000 600,000
    FOUNDERS PROPERTIES INCOME FUND IV, LLP AT COST 684,642 684,640

    TY 2021 OtherAssetsSchedule
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST 25,953 30,457 30,457


    TY 2021 OtherExpensesSchedule
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MN ATTORNEY GENERAL CHARITIES DIVISION 25 0 0 25
    INVESTMENT FEES 181,680 181,680 0 0


    TY 2021 TaxesSchedule
    Name:
    MIKE & LINDA FITERMAN FAMILY FOUNDATION
    EIN:
    41-6058465
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX ESTIMATE FYE MAY 31, 2020 217,978 0 0 0
    FOREIGN TAXES WITHHELD FROM INCOME 608 608 0 0