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
THE HAROLD AND KATE REED FAMILY
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554405628
A Employer identification number

20-3982052
B Telephone number (see instructions)

(952) 674-2852
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$9,550,286J 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) 905,640
2 Check bullet.............
3 Interest on savings and temporary cash investments 942 942  
4 Dividends and interest from securities... 138,992 137,236  
5a Gross rents............ 143    
b Net rental income or (loss) 143
6a Net gain or (loss) from sale of assets not on line 10 435,600
b Gross sales price for all assets on line 6a 609,792
7 Capital gain net income (from Part IV, line 2)... 397,664
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 7,707 2,738  
12 Total. Add lines 1 through 11........ 1,489,024 538,580  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,620 3,284   7,336
c Other professional fees (attach schedule).... Click to see attachment 67,765 56,197   0
17 Interest............... 3,050 3,050   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 12,601 11,201   0
19 Depreciation (attach schedule) and depletion... 694 694  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 374 154   108
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 95,104 74,580   7,444
25 Contributions, gifts, grants paid....... 330,000 330,000
26 Total expenses and disbursements. Add lines 24 and 25 425,104 74,580   337,444
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,063,920
b Net investment income (if negative, enter -0-) 464,000
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 12,796 40,257 40,257
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,013,923 Click to see attachment3,880,399 7,426,755
c Investments—corporate bonds (attach schedule)....... 559,442 0 0
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,524,893 Click to see attachment1,857,441 2,083,274
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) 5,111,054 5,778,097 9,550,286
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........ 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 5,111,054 5,778,097
29 Total net assets or fund balances (see instructions)..... 5,111,054 5,778,097
30 Total liabilities and net assets/fund balances (see instructions). 5,111,054 5,778,097
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
5,111,054
2
Enter amount from Part I, line 27a .....................
2
1,063,920
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
6,174,974
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
396,877
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
5,778,097
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 PASSTHROUGH INTERNATIONAL EQUITY II GENERAL P    
b PASSTHROUGH INTERNATIONAL EQUITY II GENERAL P    
c PASSTHROUGH TAXABLE BOND FUND GENERAL P    
d PASSTHROUGH TAXABLE BOND FUND GENERAL P    
e PASSTHROUGH GLOBAL EQUITY GENERAL P    
PASSTHROUGH GLOBAL EQUITY GENERAL P    
PASSTHROUGH EMERGING MARKETS GENERAL P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL P    
PASSTHROUGH US ALL CAP P    
PASSTHROUGH US ALL CAP P    
PASSTHROUGH INTERNATIONAL EQUITY II SEGREGATED P    
PASSTHROUGH INTERNATIONAL EQUITY II SEGREGATED P    
PASSTHROUGH GLOBAL EQUITY SEGREGATED P    
PASSTHROUGH GLOBAL EQUITY SEGREGATED P    
PASSTHROUGH TAXABLE BOND FUND SEGREGATED P    
PASSTHROUGH TAXABLE BOND FUND SEGREGATED P    
PASSTHROUGH EMERGING MARKETS SEGREGATED P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED P    
PASSTHROUGH GLOBAL EQUITY GENERAL 1256 P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL 1231 P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL 1256 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL 1231 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL 1256 P    
PASSTHROUGH GLOBAL EQUITY SEGREGATED 1256 P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED 1231 P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED 1256 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED 1231 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED 1256 P    
SCHWAB - GEN P    
SCHWAB - GEN P    
SCHWAB - SEG P    
SCHWAB - SEG P    
SCHWAB P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND SEGREGATED 1231 P    
PASSTHROUGH MULTI-ASSET STRATEGIES FUND GENERAL 1231 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED 1231 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL 1231 P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND GENERAL P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED P    
PASSTHROUGH NON-TRADITIONAL STRATEGIES FUND SEGREGATED 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     1,039 -1,039
b     233 -233
c 2,831     2,831
d 714     714
e 2,232     2,232
7,501     7,501
312     312
1,312     1,312
5,166     5,166
    35 -35
7,977     7,977
1,341     1,341
17,882     17,882
    5,122 -5,122
    903 -903
36,384     36,384
122,137     122,137
2,525     2,525
10,007     10,007
1,835     1,835
8,969     8,969
35,323     35,323
809     809
53,092     53,092
12     12
    1 -1
32     32
    80 -80
    590 -590
202     202
    2 -2
222     222
    455 -455
    3,345 -3,345
18,762   21,675 -2,913
98,506   57,527 40,979
11,899   13,327 -1,428
110,560   66,889 43,671
10,343     10,343
180   180 0
532   532 0
1,229   1,229 0
3,631   3,631 0
361   361 0
53   53 0
      0
      0
      0
4,675   4,675 0
      0
30,244   30,244 0
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       -1,039
b       -233
c       2,831
d       714
e       2,232
      7,501
      312
      1,312
      5,166
      -35
      7,977
      1,341
      17,882
      -5,122
      -903
      36,384
      122,137
      2,525
      10,007
      1,835
      8,969
      35,323
      809
      53,092
      12
      -1
      32
      -80
      -590
      202
      -2
      222
      -455
      -3,345
      -2,913
      40,979
      -1,428
      43,671
      10,343
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
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 2 397,664
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 6,450
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 6,450
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 2,879
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,879
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 429
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet429 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 ofbulletMICHELLA L JOHNSON Telephone no.bullet (952) 674-2800

    Located atbulletPO BOX 5628MINNEAPOLISMN ZIP+4bullet55440
    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
    HAROLD S REED PRESIDENT & DIRECTOR
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    KATE M REED VICE PRESIDENT & DIRECTOR
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    MICHELLA L JOHNSON SECRETARY & TREASURER
    0.25     		0 0 0
    PO BOX 5628
    MINNEAPOLIS,MN554405628
    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
    8,846,239
    b
    Average of monthly cash balances.......................
    1b
    270,290
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    9,116,529
    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
    9,116,529
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    136,748
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    8,979,781
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    448,989
    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
    448,989
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    6,450
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    6,065
    c
    Add lines 2a and 2b............................
    2c
    12,515
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    436,474
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    436,474
    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
    436,474
    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 7 436,474
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 327,820
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 337,444
    a Applied to 2020, but not more than line 2a 327,820
    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..... 9,624
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		426,850
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    HAROLD S REED
    KATE M REED
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    1000 FRIENDS OF FLORIDA INC
    PO BOX 5948
    TALLAHASSEE,FL32314     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    ADOPT-A-FAMILY OF THE PALM BEACHES INC
    1712 SECOND AVE NO
    PALM BEACH,FL334603210     		NONE PUBLIC CHARITY UNRESTRICTED 20,000
    AMERICAN RED CROSS
    2025 E STREET NW
    WASHINGTON,DC20006     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    BALSAM MOUNTAIN TRUST
    81 PRESERVE ROAD
    SYLVA,NC28779     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    BANNER LAKE CLUB
    PO BOX 1875
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    BOYS & GIRLS CLUBS OF MARTIN COUNTY
    11954 SE DIXIE HIGHWAY
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 7,000
    BUSCH WILDLIFE SANCTUARY
    2500 JUPITER PARK DRIVE
    JUPITER,FL33458     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    CHEETAH CONSERVATION FUND
    PO BOX 2496
    ALEXANDRIA,VA22301     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    CHILDREN'S HOME SOCIETY OF FLORIDA
    482 S KELLER ROAD
    ORLANDO,FL32810     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    CROS MINISTRIES
    3677 23RD AVE S 8-101
    LAKE WORTH,FL33461     		NONE PUBLIC CHARITY UNRESTRICTED 20,000
    DELAWARE FUTURES
    1104 NORTH ADAMS STREET
    WILMINGTON,DE19801     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    DIRECT RELIEF
    6100 WALLACE BECKNELL ROAD
    SANTA BARBARA,CA93117     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    EVERGLADES FOUNDATION
    18001 OLD CUTLER ROAD SUITE 625
    PALMETTO BAY,FL33157     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    EVERY MOTHER COUNTS
    333 HUDSON STREET SUITE 1006
    NEW YORK,NY10013     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    FAMILY PROMISE INC
    71 SUMMIT AVE
    SUMMIT,NJ07901     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    FEED THE HUNGRY PANTRY OF PALM BEACH COUNTY
    8306 155TH PLACE NORTH
    PALM BEACH GARDENS,FL33418     		NONE PUBLIC CHARITY UNRESTRICTED 20,000
    FRIENDS OF MACARTHUR BEACH STATE PARK
    10900 JACK NICKLAUS DRIVE
    NORTH PALM BEACH,FL33408     		NONE PUBLIC CHARITY NATURAL SCIENCE EDUCATION FUND ENDOWMENT CAMPAIGN 2,000
    GUARDIANS OF MARTIN COUNTY INC
    PO BOX 1489
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    HALOS
    4995 LACROSS ROAD SUITE 1250
    NORTH CHARLESTON,SC29406     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    HALSEY INSTITUTE
    161 CALHOUN STREET
    CHARLESTON,SC29424     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    HIBISCUS CHILDRENS CENTER INC
    PO BOX 1406
    JENSEN BEACH,FL34958     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    HIGH POINT UNIVERSITY
    ONE UNIVERSITY PARKWAY
    HIGH POINT,NC27268     		NONE PUBLIC CHARITY HAROLD AND KATE REED FAMILY ENDOWED SCHOLARSHIP 10,000
    HOBE SOUND COMMUNITY CHEST
    PO BOX 511
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    HOBE SOUND NATURE CENTER
    PO BOX 214
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    HOUSE OF HOPE INC
    2484 SE BONITA STREET
    STUART,FL34997     		NONE PUBLIC CHARITY UNRESTRICTED 3,000
    INNERCITY TENNIS FOUNDATION
    4005 NICOLLET AVE
    MINNEAPOLIS,MN55409     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    INTERNATIONAL FUND FOR ANIMAL WELFARE
    290 SUMMER STREET
    YARMOUTH PORT,MA02675     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    LEWIS & CLARK COLLEGE
    615 SW PALATINE ROAD
    PORTLAND,OR972197899     		NONE PUBLIC CHARITY EMILY D. REED SCHOLARSHIP FUND 10,000
    LOAVES AND FISHES INC
    206 EAST 8TH STREET
    APOPKA,FL32703     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    MATTHEW 25 MINISTRIES INC
    PO BOX 203
    PAHOKEE,FL33476     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    NATIONAL TRUST FOR SCOTLAND USA
    45 SCHOOL STREET 3RD FLOOR
    BOSTON,MA02108     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    NATURE CONSERVANCY
    4245 N FAIRFAX DRIVE SUITE 100
    ARLINGTON,VA222031606     		NONE PUBLIC CHARITY UNRESTRICTED 25,000
    OCEAN CONSERVANCY INC
    1300 19TH STREET NW 8TH FLOOR
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    OPPORTUNITY INTERNATIONAL
    7005 OXFORD STREET
    ST LOUIS PARK,MN55426     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    THE BENJAMIN SCHOOL
    11000 ELLISON WILSON ROAD
    NORTH PALM BEACH,FL33408     		NONE PUBLIC CHARITY LEAPS AND BOUNDS CAPITAL CAMPAIGN 10,000
    THE LORDS PLACE
    PO BOX 3265
    WEST PALM BEACH,FL33402     		NONE PUBLIC CHARITY UNRESTRICTED 20,000
    URBAN YOUTH IMPACT
    PO BOX 222592
    WEST PALM BEACH,FL334222592     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    WORLD WILDLIFE FUND
    1250 24TH STREET NW PO BOX 96555
    WASHINGTON,DC200777760     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    CENTER FOR INTERNATIONAL ENVIRONMENTAL LAW
    1101 15TH STREET NW SUITE 100
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    CHRIST MEMORIAL CHAPEL
    PO BOX 582
    HOBE SOUND,FL33475     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    CLEAN OCEAN ACCESS
    21 JOHN CLARKE ROAD
    MIDDLETOWN,RI02842     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    CONSERVATION FUND
    1655 N FORT MYER DRIVE
    ARLINGTON,VA22209     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    FIRST TEE-GREATER CHARLESTON
    321 WINGO WAY
    MOUNT PLEASANT,SC29464     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    FLORIDA AUDOBON SOCIETYY
    4500 BISCAYNE BLVD
    MIAMI,FL33137     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    HEIFER PROJECT INTERNATIONAL
    1 WORLD AVENUE
    LITTLE ROCK,AR72202     		NONE PUBLIC CHARITY UNRESTRICTED 9,000
    HOPE LEARNING ACADEMY
    1628 W WASHINGTON BLVD
    CHICAGO,IL60612     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    JUPITER ISLAND MEDICAL CENTER
    100 ESTRADA SQUARE
    HOBE SOUND,FL33455     		NONE PUBLIC CHARITY UNRESTRICTED 2,000
    LOVE AND HOPE IN ACTION
    PO BOX 1385
    PT SALERNO,FL34992     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    ORPHAN GRAIN TRAIN
    PO BOX 1466
    NORFOLK,NE68702     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    PLACE OF HOPE
    9078 ISAIAH LANE
    PALM BEACH GARDENS,FL33418     		NONE PUBLIC CHARITY UNRESTRICTED 1,000
    PORTER-GAUD FOUNDATION
    300 ALBEMARLE ROAD
    CHARLESTON,SC29407     		NONE PUBLIC CHARITY UNRESTRICTED 1,500
    SAFESPACE INC
    612 SE DIXIE HWY
    STUART,FL34994     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    TREASURE COAST FOOD BANK
    401 ANGLE ROAD
    FT PIERCE,FL34947     		NONE PUBLIC CHARITY UNRESTRICTED 5,000
    WATSI INC
    548 MARKET STREET
    SAN FRANCISCO,CA94104     		NONE PUBLIC CHARITY UNRESTRICTED 2,500
    YO ART INC
    PO BOX 12397
    CHARLESTON,SC29422     		NONE PUBLIC CHARITY UNRESTRICTED 1,500
    CHARLESTON HOPE
    PO BOX 21315
    CHARLESTON,SC29414     		NONE PUBLIC CHARITY UNRESTRICTED 1,500
    E4E RELIEF
    220 NORTH TYRON ST
    CHARLOTTE,NC28202     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    FEEDING AMERICA
    161 NORTH CLARK STREET SUITE 700
    CHICAGO,IL60601     		NONE PUBLIC CHARITY UNRESTRICTED 10,000
    Total .................................bullet 3a 330,000
    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 ...........     		    14 942  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property..... 900001 143 14    
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900001 37,936 14 397,664  
    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) .. 44,804 538,580 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    583,384
    (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
    THE HAROLD AND KATE REED FAMILY
    FOUNDATION
    Employer identification number

    20-3982052
    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
    THE HAROLD AND KATE REED FAMILY
    FOUNDATION         		Employer identification number
    20-3982052
    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
    KATE M REED
     
    PO BOX 5628
     
    MINNEAPOLIS, MN554405628

    		$ 905,640


    (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
    THE HAROLD AND KATE REED FAMILY
    FOUNDATION         		Employer identification number

    20-3982052
    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
    1
    		 29,139 SHARES MOSAIC CO $ 905,640 2021-03-11
    (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
    THE HAROLD AND KATE REED FAMILY
    FOUNDATION         		Employer identification number

    20-3982052
    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:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    WAYCROSSE FEES 10,620 3,284   7,336

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BOEING CO 28,779 32,211
    BORG WARNER INC 37,104 38,535
    CANADIAN PACIFIC RAILWAY 14,267 25,179
    CATERPILLAR INC 15,466 35,146
    CISCO SYSTEMS 9,491 26,932
    CORNING INC 14,224 32,576
    EMERGING MARKETS EQUITY FUND 143,667 193,534
    FEDEX CORP 26,894 45,262
    GLOBAL EQUITY FUND 2,130,351 3,958,777
    IBM CORP 25,868 28,737
    INTERNATIONAL EQUITY FUND II 438,767 805,895
    LAS VEGAS SANDS GROUP 27,670 22,208
    NEWELL BRANDS INC 34,389 36,364
    NEWMONT GOLDCORP CORP 17,417 30,390
    ORION ENG CARBONS SA 25,269 33,782
    PARKER HANNIFIN CORP 18,815 33,403
    POPULAR INC NEW F 9,825 25,843
    QUALCOMM INC 14,774 48,461
    SIEMENS AG ADR 14,936 26,413
    SONY CORP 8,289 46,136
    SYSCO CORP 12,369 17,281
    TEREX CORP 13,513 24,832
    U.S. ALL CAP EQUITY FUND 68,019 424,200
    UNITEDHEALTH GRP INC 20,997 40,171
    CRANE CO 13,206 23,907
    WALT DISNEY CO 3,957 6,196
    MADISON SQUARE GARDEN ENTERTAINMENT 16,688 11,958
    GENERAL MOTORS CO 22,607 43,679
    ORACLE CORP 30,537 40,553
    PETIQ INC 23,106 20,439
    PORSCHE AUTOMOBILE 18,279 17,700
    QURATE RETAIL 17,546 9,804
    SIMON PROPERTY GROUP 30,828 51,126
    WALGREENS 23,721 24,254
    MOSAIC STOCK 508,764 1,144,871

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MULTI-ASSETS STRATEGIES FUND AT COST 1,096,192 1,252,844
    NON TRADITIONAL STRATEGIES FUND AT COST 761,249 830,430

    TY 2021 OtherDecreasesSchedule
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Description Amount
    FMV OF STOCK DONATION RECEIVED IN EXCESS OF BASIS 396,877


    TY 2021 OtherExpensesSchedule
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE OF MINNESOTA FEE 25 0   25
    STATE OF DELAWARE FEE 25 0   25
    CT CORP FEES 58 0   58
    NON-DEDUCTIBLE EXPENSES NON-TRADITIONAL STRATEGIES FUND-SEG 84 0   0
    NON-DEDUCTIBLE EXPENSES NON-TRADITIONAL STRATEGIES FUND-GEN 15 0   0
    NON-DEDUCTIBLE EXPENSES MULTI-ASSET STRATEGIES FUND-SEG 11 0   0
    NON-DEDUCTIBLE EXPENSES MULTI-ASSET STRATEGIES FUND-GEN 2 0   0
    RENTAL EXPENSES NON-TRADITIONAL STRATEGIES FUND GEN 23 23   0
    RENTAL EXPENSES NON-TRADITIONAL STRATEGIES FUND SEG 131 131   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    GLOBAL EQUITY FUND-SEG 347 347 347
    GLOBAL EQUITY FUND-GEN 23 23 23
    INTERNATIONAL EQUITY FUND II-GEN 719 719 719
    INTERNATIONAL EQUITY FUND II-SEG 3,601 3,601 3,601
    NON-TRADITIONAL STRATEGIES FUND-SEG OTHER INCOME -1,883 -1,883 -1,883
    NON-TRADITIONAL STRATEGIES FUND-SEG ROYALTY 3 0 3
    NON-TRADITIONAL STRATEGIES FUND-SEG -526 0 -526
    NON-TRADITIONAL STRATEGIES FUND-GEN OTHER INCOME -541 -541 -541
    NON-TRADITIONAL STRATEGIES FUND-GEN -90 0 -90
    MULTI-ASSET STRATEGIES FUND-GEN 51 51 51
    MULTI-ASSET STRATEGIES FUND-GEN 712 0 712
    MULTI-ASSET STRATEGIES FUND-SEG 343 343 343
    MULTI-ASSET STRATEGIES FUND-SEG 4,870 0 4,870
    STATE TAX REFUND 78 78 78


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSES U.S. ALL CAP EQUITY FUND 483 483   0
    INVESTMENT EXPENSES TAXABLE BOND FUND-SEG 185 185   0
    INVESTMENT EXPENSES GLOBAL EQUITY FUND-SEG 22,989 22,989   0
    INVESTMENT EXPENSES CHARLES SCHWAB 13,063 13,063   0
    INVESTMENT EXPENSES TAXABLE BOND FUND-GEN 126 126   0
    INVESTMENT EXPENSES GLOBAL EQUITY FUND-GEN 1,341 1,341   0
    INVESTMENT EXPENSES INTERNATIONAL EQUITY FUND II-GEN 164 164   0
    INVESTMENT EXPENSES INTERNATIONAL EQUITY FUND II-SEG 818 818   0
    INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-SEG 3,584 0   0
    INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-SEG 5,459 5,459   0
    INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-GEN 622 0   0
    INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-GEN 949 949   0
    INVESTMENT EXPENSES EMERGING MARKETS EQUITY FUND-GEN 29 29   0
    INVESTMENT EXPENSES EMERGING MARKETS EQUITY FUND-SEG 169 169   0
    INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-GEN 940 0   0
    INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-GEN 1,330 1,330   0
    INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-SEG 6,422 0   0
    INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-SEG 9,092 9,092   0


    TY 2021 TaxesSchedule
    Name:
    THE HAROLD AND KATE REED FAMILY
     
    FOUNDATION
    EIN:
    20-3982052
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES PAID GLOBAL EQUITY FUND-SEG 6,963 6,963   0
    FOREIGN TAXES PAID U.S. ALL CAP EQUITY FUND 3 3   0
    FOREIGN TAXES PAID GLOBAL EQUITY FUND-GEN 406 406   0
    FOREIGN TAXES PAID INTERNATIONAL EQUITY FUND II-GEN 369 369   0
    FOREIGN TAXES PAID INTERNATIONAL EQUITY FUND II-SEG 1,843 1,843   0
    FOREIGN TAXES PAID NON-TRADITIONAL STRATEGIES FUND-SEG 457 457   0
    FOREIGN TAXES PAID NON-TRADITIONAL STRATEGIES FUND-GEN 79 79   0
    FOREIGN TAXES PAID SCHWAB GEN 338 338   0
    FEDERAL TAXES PAID 1,400 0   0
    FOREIGN TAXES PAID EMERGING MARKETS EQUITY FUND-GEN 96 96   0
    FOREIGN TAXES PAID EMERGING MARKETS EQUITY FUND-SEG 567 567   0
    FOREIGN TAXES PAID MULTI-ASSET STRATEGIES FUND-GEN 10 10   0
    FOREIGN TAXES PAID MULTI-ASSET STRATEGIES FUND-SEG 70 70   0