Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

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
Opus Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)Suite 2950 60 South 6th Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55402
A Employer identification number

41-1983284
B Telephone number (see instructions)

(612) 440-2500
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$116,344,211J 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) 5,812,711
2 Check bullet.............
3 Interest on savings and temporary cash investments 37,877 37,877  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 13,697,981
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 17,803,399 2,158,310  
12 Total. Add lines 1 through 11........ 23,653,987 15,894,168  
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)......... Click to see attachment 9,928 0   1,349
b Accounting fees (attach schedule)....... Click to see attachment 31,538 0   24,966
c Other professional fees (attach schedule).... Click to see attachment 639,481 14,000   474,473
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 436,058 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 87 0   87
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 12,516 1,503,797   12,854
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,129,608 1,517,797   513,729
25 Contributions, gifts, grants paid....... 4,251,056 3,133,845
26 Total expenses and disbursements. Add lines 24 and 25 5,380,664 1,517,797   3,647,574
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 18,273,323
b Net investment income (if negative, enter -0-) 14,376,371
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......... 3,890,972 6,558,075 6,558,075
3 Accounts receivable bullet1,250
Less: allowance for doubtful accounts bullet   1,417 1,250 1,250
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.......... 2,038 3,000 3,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 90,446,969 Click to see attachment107,781,886 107,781,886
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment2,000,000 Click to see attachment2,000,000 Click to see attachment2,000,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 96,341,396 116,344,211 116,344,211
Liabilities 17 Accounts payable and accrued expenses.......... 1,350 215,041
18 Grants payable................. 600,000 1,717,211
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment366,500
23 Total liabilities (add lines 17 through 22)......... 601,350 2,298,752
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 95,740,046 114,045,459
29 Total net assets or fund balances (see instructions)..... 95,740,046 114,045,459
30 Total liabilities and net assets/fund balances (see instructions). 96,341,396 116,344,211
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
95,740,046
2
Enter amount from Part I, line 27a .....................
2
18,273,323
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
32,090
4
Add lines 1, 2, and 3 ..........................
4
114,045,459
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
114,045,459
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 Capital Gain Distributions From Partnerships P    
b Capital Gain Distributions From Partnerships P    
c
d
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 153,746     153,746
b 13,544,235     13,544,235
c
d
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       153,746
b       13,544,235
c
d
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 13,697,981
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........................... 3 199,832
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- ..... 5 199,832
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 41,780
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 98,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 140,280
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 985
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 60,537
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet   RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTax Officer Telephone no.bullet (612) 440-2500

    Located atbulletSuite 2950 60 South 6th StreetMinneapolisMN ZIP+4bullet55402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    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)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    Jeff Rauenhorst President/Chair
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristin Ridley Vice President
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kate Seng Vice President
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Anne Peacock Treasurer/Secretary
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kristen Grubb Tax Officer
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Joe Downs Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Dave Menke Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Tim Murnane Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Aretha Green-Rupert Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Matt Rauenhorst Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Olivia Jefferson Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Kim Noonan Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    Ian Widmer Director
    1.00     		0 0 0
    Suite 2950 60 South 6th Street
    Minneapolis,MN55402
    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
    GHR Foundation Management/Philanthropy Services 618,469
    60 South 6th Street Suite 2950
    Minneapolis,MN55402
    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
    65,335,578
    b
    Average of monthly cash balances.......................
    1b
    3,587,738
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,294,474
    d
    Total (add lines 1a, b, and c).........................
    1d
    104,217,790
    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
    104,217,790
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,563,267
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    102,654,523
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,132,726
    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
    5,132,726
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    199,832
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    199,832
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,932,894
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,932,894
    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
    4,932,894
    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 4,932,894
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,812,187
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,647,574
    a Applied to 2020, but not more than line 2a 1,812,187
    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..... 1,835,387
    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 ..........     		3,097,507
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Academy of Holy Angels
    6600 Nicollet Ave S
    Richfield,MN55423     		None PC AHA Service Learning Program 5,000
    ACE Mentor Program of Colorado
    3530 STUART ST
    Denver,CO80212     		None PC ACE Mentor Program 5,000
    African American Leadership Forum
    1600 Utica Avenue South
    St Louis Park,MN55416     		None PC Alliance for Alliances 50,000
    AGC of Missouri Education Foundation
    6336 Knox Industrial Drive
    St Louis,MO63139     		None PC The HUB 50,000
    Anawim Housing Inc
    1535 Linden Street Ste 100B
    Des Moines,IA50309     		None PC Full Circle Program 5,000
    Appalachia Service Project
    4523 Bristol Hwy
    Johnson City,TN37601     		None PC ISU Community Service Trip 1,000
    Arizona Helping Hands
    3110 East Thunderbird Road Suite
    100
    Phoenix,AZ85032     		None PC Basic Needs 5,000
    Asian Economic Development Association (AEDA)
    422 University Avenue West Suite 14
    St Paul,MN55103     		None PC General Operations 5,000
    Augsburg University
    2211 Riverside Ave
    Minneapolis,MN55454     		None PC Minnesota Urban Debate League 2,750
    Avivo
    1900 Chicago Ave
    Minneapolis,MN55404     		None PC Economic Mobility Mentor Program 25,000
    Ball State University Foundation
    AB 327 Ball State University
    Muncie,IN47306     		None PC 2021 Indiana NAIOP University Challenge 5,000
    Banner Health Foundation
    2901 N Central Ave Suite 160
    Phoenix,AZ85012     		None PC Patient Housing Assistance 5,000
    Big Brothers Big Sisters of Central Iowa
    9051 Swanson Blvd
    Clive,IA50325     		None PC I am Enough Mentoring Club 5,000
    Big Brothers Big Sisters of the Greater Twin Cities
    3110 Washington Ave N
    Minneapolis,MN55411     		None PC General Operations 2,500
    Bishop Manogue Catholic High School
    110 Bishop Manogue Drive
    Reno,NV89511     		None PC General Operations 1,000
    Black Men Teach
    1001 Highway 7 Suite 170L
    Hopkins,MN55305     		None PC General Operations 5,000
    Boise Valley Habitat for Humanity
    PO Box 6571
    Boise,ID83707     		None PC Home Ownership Program 5,000
    Boys & Girls Club of Lawrence
    2910 Haskell Ave
    Lawrence,KS66046     		None PC Before and After School Programs 5,000
    Boys & Girls Clubs of Greater Kansas City
    4001 Blue Parkway Ste 102
    Kansas City,MO64130     		None PC Teen Services Program Expansion 50,000
    Boys & Girls Clubs of Metro Denver
    2017 West 9th Avenue
    Denver,CO80204     		None PC Academic Success 1,000
    Breck School
    123 Ottawa Avenue North
    Minneapolis,MN55422     		None PC General Operations 10,000
    Brent Eley Foundation
    11980 E 16th Avenue
    Aurora,CO80010     		None PC Food & Meal program 5,000
    Building Futures
    112 Saint George Place
    Saint Louis,MO631194647     		None PC Capacity Building 96,550
    By Degrees Foundation
    PO Box 41070
    Des Moines,IA50311     		None PC College and Career Readiness 5,000
    By The Hand Club For Kids
    PO Box 10043
    Chicago,IL60610     		None PC 2021 Building Community Award Finalist 1,500
    Camp Fire Minnesota
    3300 Tanadoona Drive
    Excelsior,MN55331     		None PC K-12 Environmental Education Program 50,000
    Camp Fire Minnesota
    3300 Tanadoona Drive
    Excelsior,MN55331     		None PC General Operations 2,500
    Cardinal Ritter Senior Services
    7601 Watson Road
    St Louis,MO63119     		None PC Relatives Acting As Parents Program (RAPP) 5,000
    Cardinal Ritter Senior Services
    7601 Watson Road
    St Louis,MO63119     		None PC Impact Study 15,000
    CATCH Inc
    503 S Americana Blvd
    Boise,ID83702     		None PC Transportation Assistance 5,000
    Catholic Climate Covenant
    415 Michigan Avenue NE
    Washington DC,DC20017     		None PC General Operations 2,500
    Child Crisis Arizona
    817 N Country Club Drive
    Mesa,AZ85201     		None PC 2021 Building Community Award Finalist 1,500
    Child Crisis Arizona
    817 N Country Club Drive
    Mesa,AZ85201     		None PC Breaking the Cycle of Generational Poverty through Early Education 50,000
    Christ Community Lutheran School
    512 County Road 10
    Watertown,MN55388     		None PC General Operations 2,000
    Christopher House
    5235 West Belden Avenue
    Chicago,IL60639     		None PC Build Equitable Learning Environments 50,000
    Colorado Coalition for the Homeless
    2111 Champa Street
    Denver,CO80205     		None PC Recognition of Opus Employee Volunteer Efforts 5,000
    Colorado Coalition for the Homeless
    2111 Champa Street
    Denver,CO80205     		None PC 2021 Building Community Award Finalist 1,500
    Colorado Coalition for the Homeless
    2111 Champa Street
    Denver,CO80205     		None PC Capital Funding for Renaissance Children's Center 50,000
    Colorado District Council of the Urban Land Institute
    1356 Wynkoop Street Suite 211
    Denver,CO80202     		None PC Real Estate Diversity Initiative 5,000
    Colorado Youth for a Change
    2490 W 26th Ave Suite 110-A
    Denver,CO80211     		None PC Reengagement Program 5,000
    Common Pantry
    3744 N Damen Ave
    Chicago,IL60618     		None PC Food Distribution 5,000
    CommonBond Communities
    1080 Montreal Avenue
    St Paul,MN55116     		None PC Wisconsin Operations/Services 10,000
    CommonBond Communities
    1080 Montreal Avenue
    St Paul,MN55116     		None PC General Operations 35,000
    Construction Education Foundation
    1114 W 7th Ave Suite 200
    Denver,CO80204     		None PC Construction Careers Now 5,000
    CU Real Estate Center Leeds School of Business
    995 Regent Drive 419 UCB
    Boulder,CO80309     		None PC 2021 Colorado NAIOP University Challenge 7,500
    Denver Inner City Parish
    1212 Mariposa Street
    Denver,CO80204     		None PC La Academia Education Program 5,000
    Denver Kids
    1617 S Acoma Street 2nd Floor
    Denver,CO80223     		None PC Denver Kids University 50,000
    DinoMights
    3400 Park Avenue
    Minneapolis,MN55407     		None PC Seasonal Staff Program 5,000
    Downtown Tempe
    1 W Rio Salado Blvd
    Tempe,AZ85284     		None PC Merchant Assistance Program 10,000
    Dress for Success Indianapolis
    820 N Meridian St
    Indianapolis,IN46204     		None PC Technology and Employment Initiative 25,000
    Dress for Success Twin Cities
    1430 Concordia Ave 4302
    St Paul,MN55104     		None PC General Operations 3,000
    Dress for Success Twin Cities
    1430 Concordia Ave 4302
    St Paul,MN55104     		None PC Mobile Confidence Center Build-out 50,000
    Earnest & Edna Shepherd Youth Center
    610 E Shepherd Road
    Liberty,MO64068     		None PC Teambuilding with a Ten Foot Pole 5,000
    East Side Neighborhood Service Inc
    1700 Second Street Northeast
    Minneapolis,MN55413     		None PC ACE Program 5,000
    Every Third Saturday
    4303 E 54th Street
    Minneapolis,MN55417     		None PC The Warrior's Path 5,000
    Feed My Starving Children
    401 93rd Avenue NW
    Coon Rapids,MN55433     		None PC Feeding Program 2,000
    Free Bikes 4 Kidz MN
    10914 Lexington Drive
    Eden Prairie,MN55344     		None PC Distribute Bikes to Those in Need 5,000
    Freedom Farm
    11500 Ferman Ave SW
    Waverly,MN55390     		None PC General Operations 2,000
    Friends of Kids with Cancer Inc
    16 Sunnen Dr Suite 161
    St Louis,MO63143     		None PC Educational Programming 5,000
    Fueled for School
    PO Box 373
    Noblesville,IN46061     		None PC Meal Boxes 5,000
    Genesys Works Twin Cities
    445 Minnesota Street Suite 720
    St Paul,MN55101     		None PC General Operations 2,000
    Girl Scouts of Minnesota and Wisconsin River Valleys
    400 South Robert Street
    Saint Paul,MN55107     		None PC Community Engagement program 5,000
    Goodwill of Central and Southern Indiana
    1635 West Michigan St
    Indianapolis,IN46222     		None PC College & Career Readiness 50,000
    Goodwill-Easter Seals Minnesota
    553 Fairview Avenue North
    St Paul,MN55104     		None PC Power of Work Campaign 50,000
    Goodyear Pebblecreek Rotary Foundation
    14175 W Indian School Road STE B4
    219
    Goodyear,AZ85395     		None PC Imagination Library 5,000
    Great River Greening
    251 Starkey Street 2200
    St Paul,MN55107     		None PC Future Stewards Youth Program 40,000
    Greater Chicago Food Depository
    4100 W Ann Lurie Pl
    Chicago,IL60632     		None PC Warehouse Workforce Development Training - After School Special 50,000
    Greater Des Moines Habitat for Humanity
    2200 E Euclid Avenue
    Des Moines,IA50317     		None PC Volunteer efforts 5,000
    Greater Indy Habitat for Humanity Inc
    3135 N Meridian St
    Indianapolis,IN46208     		None PC Volunteer efforts 5,000
    Greater MSP
    400 Robert Street Suite 1600
    St Paul,MN55101     		None PC Minnesota Business Coalition for Racial Equity (MBCRE) 5,000
    Greater Phoenix Chamber Foundation
    201 N Central Ave Suite 2700
    Phoenix,AZ85004     		None PC Build Your Future Arizona 5,000
    Greater Twin Cities United Way
    404 South 8th Street
    Minneapolis,MN55404     		None PC Giving Campaign 96,566
    Green Beret Foundation
    14351 Blanco Rd
    San Antonio,TX78216     		None PC Next Ridgeline Transition Support 5,000
    Habitat for Humanity Central Arizona
    2830 W Glendale Ave Suite 33
    Phoenix,AZ85051     		None PC Volunteer efforts 5,000
    Habitat for Humanity Chicago
    1100 W Cermak Suite 404
    Chicago,IL60608     		None PC Affordable Homeownership Program 5,000
    Habitat for Humanity of Kansas City
    639 Broadview Ave
    Kansas City,KS64101     		None PC Volunteer efforts 5,000
    Habitat for Humanity Saint Louis
    3830 S Grand Ave
    St Louis,MO63118     		None PC Volunteer efforts 5,000
    Harvesters - The Community Food Network
    3801 Topping Avenue
    Kansas City,MO64129     		None PC Food Distribution 5,000
    Harvesters - The Community Food Network
    3801 Topping Avenue
    Kansas City,MO64129     		None PC 2021 Building Community Award Finalist 1,500
    Hearts & Hammers
    2603 Fairview Ave N
    St Paul,MN55113     		None PC Home Rehabilitation Program 5,000
    Hispanic Chamber Education Foundation
    444 Sherman St
    Denver,CO80203     		None PC Small Business Support 5,000
    Home Sweet Home
    290 Hanley Industrial Court
    Brentwood,MO63144     		None PC Furnishing Hope 5,000
    Hope Academy
    2300 Chicago Avenue South
    Minneapolis,MN55404     		None PC Growing Hope for Urban Youth 40,000
    Hope Community Inc
    611 East Franklin Avenue
    Minneapolis,MN55404     		None PC General Operations 7,000
    Hope Community Inc
    611 East Franklin Avenue
    Minneapolis,MN55404     		None PC General Operations 5,000
    Hope Ministries
    PO Box 862
    Des Moines,IA50304     		None PC Capital Campaign for New Women's and Children's Facility 75,000
    International Institute of St Louis
    3401 Arsenal St
    St Louis,MO63118     		None PC Language Access for Refugees 5,000
    Jackie Joyner-Kersee Foundation
    101 Jackie Joyner-Kersee Circle
    East St Louis,IL62204     		None PC STEAM Ahead 50,000
    Junior Achievement of Greater St Louis
    17339 North Outer 40 Road
    Chesterfield,MO63034     		None PC Program Support for SLPS District 30,000
    Lewy Body Dementia Association
    912 Killian Hill Road SW
    Lilburn,GA30047     		None PC Research and Caregiver Support Development 10,000
    Living Well Disability Services
    1168 Northland Drive
    Mendota Heights,MN55120     		None PC COVID-19 Relief 5,000
    Loaves & Fishes Community Services
    1871 High Grove Lane
    Naperville,IL60540     		None PC Food Distribution 5,000
    Martin Luther King Community Center of Indianapolis
    40 W 40th St
    Indianapolis,IN46208     		None PC 2021 Building Community Award Finalist 1,500
    Meals from the Heartland
    357 Lincoln St
    West Des Moines,IA50265     		None PC Meal Packing program 5,000
    Mesa Arts Center Foundation
    One East Main Street
    Mesa,AZ85201     		None PC Project Lit Program 5,000
    Metro Caring
    1100 E 18th Ave
    Denver,CO80218     		None PC Fresh Foods Market - Reopening 5,000
    MicroGrants
    3817 Pleasant Ave South
    Minneapolis,MN55409     		None PC The Right Help at the Right Time 35,000
    Mile High United Way Inc
    711 Park Avenue West
    Denver,CO80205     		None PC 2021 Workplace Giving Campaign 2,996
    Mile High Youth Corps
    1801 Federal Blvd
    Denver,CO80204     		None PC Increase Capacity of Workforce Development Programs 25,000
    Minnesota American Legion Foundation Fund 84
    20 W 12th Street Room 300A
    St Paul,MN551552000     		None PC Legacy Scholarship Fund 2,000
    Minnesota Public Health Association Inc
    PO Box 14415
    Minneapolis,MN55414     		None PC $2,000 to General Operations; $1,000 to Event Support 3,000
    Minnesota Teen Challenge
    740 E 24th Street
    Minneapolis,MN55404     		None PC Lakeside Academy 4,000
    National Brotherhood of Skiers
    10 South Riverside Plaza
    Chicago,IL606063728     		None PC General Operations 5,000
    National Outdoor Leadership School
    284 Lincoln Street
    Lander,WY825202848     		None PC General Operations 8,000
    New Pathways for Youth Inc
    901 E Jefferson Street
    Phoenix,AZ85034     		None PC Sustainable Faculty Model 45,400
    NEWSED Community Development Corporation
    1001 Santa Fe Drive
    Denver,CO80204     		None PC 8-week Business Basics Course in Spanish 5,000
    Northern Star Council
    6202 Bloomington Road
    Fort Snelling,MN55111     		None PC Tomahawk Scout Reservation Program Supply Support 5,000
    Northside Economic Opportunity Network (NEON)
    1007 W Broadway Ave
    Minneapolis,MN55411     		None PC Technical Assistance Program 5,000
    Operation Breakthrough
    3039 Troost Ave
    KANSAS CITY,MO641091540     		None PC General Operations 2,500
    Operation Breakthrough
    3039 Troost Ave
    KANSAS CITY,MO641091540     		None PC STEM Learning from Pre-K Through High School 50,000
    Our Lady of Peace
    2076 St Anthony Avenue
    St Paul,MN55104     		None PC Capital Campaign 15,000
    Our Savior Lutheran Church
    56 Meadows Drive
    Pagosa Springs,CO81147     		None PC Lutheran Mercy Care Ministry 10,000
    Pathway Financial Education
    5454 W 110th Street
    Overland Park,KS66211     		None PC Learning Management System (LMS) Implementation 50,000
    Penumbra Theatre
    270 North Kent Street
    St Paul,MN55102     		None PC The Penumbra Center for Racial Healing 2,500
    Peter & Paul Community Services
    2612 Wyoming Street
    St Louis,MO63118     		None PC Community Meals program 5,000
    Peter & Paul Community Services
    2612 Wyoming Street
    St Louis,MO63118     		None PC 2021 Building Community Award Finalist 1,500
    Pillsbury United Communities
    3650 Fremont Ave North
    Minneapolis,MN55412     		None PC Justice Built Communities 150,000
    PREP-KC
    2300 Main
    Kansas City,MO64108     		None PC Career Exploration Program 5,000
    Project for Pride in Living Inc
    1035 East Franklin Avenue
    Minneapolis,MN55404     		None PC Race Equity Efforts 100,000
    Project IOWA
    1420 Mulberry Street
    Des Moines,IA50309     		None PC Technology 5,000
    Rebuilding Together Kansas City Inc
    2050 Plumbers WaySuite 150
    Liberty,MO64068     		None PC Children's Safe at Home 5,000
    Rebuilding Together Kansas City Inc
    2050 Plumbers WaySuite 150
    Liberty,MO64068     		None PC Children's Safe at Home 5,000
    Rebuilding Together Metro Chicago
    4507 N Ravenswood Ave 106
    Chicago,IL60640     		None PC Volunteer efforts 25,000
    Rebuilding Together Twin Cities
    1050 SE 33rd Avenue
    Minneapolis,MN55414     		None PC Volunteer efforts 20,000
    Rebuilding Together Twin Cities
    1050 SE 33rd Avenue
    Minneapolis,MN55414     		None PC Ramp Trailer 5,000
    Resources for the Enrichment of African Lives
    2233 University Avenue W
    St Paul,MN55114     		None PC General Operations 3,000
    Ronald McDonald House Charities of St Louis
    3450 Park Avenue
    St Louis,MO63104     		None PC Sponsor-A-Family 5,000
    Rosies House A Music Academy for Children
    919 E Jefferson Street
    Phoenix,AZ85034     		None PC College Path Program 5,000
    Saint Clare's Tahoe A Mountain Montessori School
    PO Box 308
    Tahoe Vista,CA96148     		None PC General Operations 1,000
    Saint Thomas Academy
    949 Mendota Heights Road
    Mendota Heights,MN55120     		None PC Operation Scholars 5,000
    Second Harvest Heartland
    7101 Winnetka Ave N
    Brooklyn Park,MN55428     		None PC Food Distribution Programs 5,000
    Sioux Empire United Way Inc
    1000 N West Avenue
    Sioux Falls,SD57104     		None PC 2021 Workplace Giving Campaign 350
    Society of St Vincent de Paul
    PO Box 13600
    Phoenix,AZ850023600     		None PC Expand Workforce Development Program 30,000
    Special Olympics Minnesota
    900 2nd Ave S Suite 300
    Minneapolis,MN55402     		None PC Rochester Polar Plunge 2,500
    SSM Health Cardinal Glennon Children's Foundation
    3800 Park Avenue
    St Louis,MO63110     		None PC Reach Out and Read 5,000
    St Louis Area Foodbank
    70 Corporate Woods Drive
    Bridgeton,MO63044     		None PC Healthy Food, Healthy Families 5,000
    St Louis Children's Hospital Foundation
    1001 Highlands Plaza Drive West
    St Louis,MO63110     		None PC St. Louis Children's Hospital KIDstruction Week - Unrestricted Funds 1,000
    St Mary's Early Childhood Center
    901 Dr Martin Luther King Jr St
    Indianapolis,IN46202     		None PC 2Generation Program 50,000
    Starts Right Here
    455 SW 5th Street Suite A
    Des Moines,IA50309     		None PC 2021 Building Community Award Finalist 1,500
    STEP - St Louis Park Emergency Program Inc
    6812 West Lake St
    St Louis Park,MN55426     		None PC Food Shelf Program 5,000
    Summit Academy OIC
    935 Olson Memorial Hwy
    Minneapolis,MN55405     		None PC Alumni Network 50,000
    Sweet Dreams in a Bag
    9249 S Broadway Unit 200 Suite 198
    Littleton,CO80129     		None PC Bedding program 5,000
    The Knothole Foundation Inc
    PO Box 38035
    Charlotte,NC28278     		None PC Tuskaseegee Dream Fields Project 4,000
    The Link
    1210 Glenwood Ave
    Minneapolis,MN55405     		None PC 2021 Building Community Award Winner 68,000
    The Lovelady Center
    7916 2nd Avenue South
    Birmingham,AL35206     		None PC Food Service Program 5,000
    The Salvation Army Northern Division
    2445 Prior Ave N
    Roseville,MN55113     		None PC King Family Childhood Development Center Outdoor Playground 5,000
    Twin Cities Habitat for Humanity
    1954 University Ave W
    St Paul,MN55104     		None PC Increasing Access to Homeownership for Foundational Black Americans 150,000
    Twin Cities Habitat for Humanity
    1954 University Ave W
    St Paul,MN55104     		None PC Recognition of Opus associate volunteer efforts 30,000
    United Way of Central Indiana Inc
    2955 North Meridian Street Suite
    300
    Indianapolis,IN46208     		None PC Giving Campaign 394
    United Way of Central Iowa
    1111 9th St Ste 100
    Des Moines,IA50314     		None PC Giving Campaign 2,191
    United Way of Greater Kansas City
    801 W 47th Street Suite 500
    Kansas City,MO64112     		None PC Giving Campaign 2,991
    United Way of Greater Milwaukee & Waukesha County Inc
    PO Box 88988
    Milwaukee,WI532888988     		None PC Giving Campaign 100
    United Way of Greater St Louis
    910 N 11th Street
    St Louis,MO63101     		None PC Giving Campaign 2,754
    United Way of Metropolitan Chicago
    333 South Wabash Avenue 30th Floor
    Chicago,IL60604     		None PC Giving Campaign 3,423
    University of Denver - Franklin L Burns School of Real Estate
    2101 S University Blvd Suite 380
    Denver,CO802088934     		None PC 2021 Colorado NAIOP University Challenge 2,500
    University of Minnesota Foundation
    200 Oak Street SE Suite 500
    Minneapolis,MN554552010     		None PC 2021 NAIOP Minnesota University Challenge Winner 5,000
    University of Notre Dame
    400 Main Building
    Notre Dame,IN46556     		None PC General Operations 2,500
    University of St Thomas
    2115 Summit Avenue
    St Paul,MN551051079     		None PC 2021 NAIOP University Challenge Third Place Winner 1,000
    University of St Thomas
    2115 Summit Avenue
    St Paul,MN551051079     		None PC Diversifying the Future of Real Estate 500,000
    University of Wisconsin Madison
    4451 Grainger Hall 975 University
    Ave
    Madison,WI53706     		None PC 2021 Minnesota NAIOP University Challenge Second Place 2,500
    Urban Boatbuilders
    2288 University Avenue West
    Saint Paul,MN55114     		None PC Advancing Diversity, Equity and Inclusion 37,500
    Valley of the Sun United Way
    3200 East Camelback Road Suite 375
    Phoenix,AZ85018     		None PC 2021 Workplace Giving Campaign 630
    Waconia United Food Shelf
    PO BOX 577
    WACONIA,MN553870577     		None PC Transition to a Super Shelf 5,000
    Walker West Music Academy
    760 Selby Avenue
    St Paul,MN55104     		None PC General Operations 2,750
    Wheeler Mission
    205 East New York Street
    Indianapolis,IN46204     		None PC Foundations program 5,000
    YMCA of Metropolitan Chicago
    1030 W Van Buren
    Chicago,IL60607     		None PC Mental Health Support for Early Education & Care Children and Families 50,000
    Total .................................bullet 3a 3,133,845
    bApproved for future payment
    Pillsbury United Communities
    3650 Fremont Ave North
    Minneapolis,MN55412     		None PC Justice Built Communities 300,000
    University of St Thomas
    2115 Summit Avenue
    St Paul,MN551051079     		None PC Diversifying the Future of Real Estate 1,000,000
    Goodwill-Easter Seals Minnesota
    553 Fairview Avenue North
    St Paul,MN55104     		None PC Power of Work Campaign 50,000
    St Mary's Early Childhood Center
    901 Dr Martin Luther King Jr St
    Indianapolis,IN46202     		None PC 2Generation Program 100,000
    Total .................................bullet 3b 1,450,000
    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 37,877  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		         
    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) .. 418,067 17,423,209 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    17,841,276
    (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
    Opus Foundation
     
    Employer identification number

    41-1983284
    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
    Opus Foundation
          		Employer identification number
    41-1983284
    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
    Encore One LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 2,434,154


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Opus Investments LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 88,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Opus Holding LLC
     
    10350 Bren Road West
     
    Minnetonka, MN55343

    		$ 3,290,057


    (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
    Opus Foundation
          		Employer identification number

    41-1983284
    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
    Opus Foundation
          		Employer identification number

    41-1983284
    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:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 31,538 0   24,966

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    AGC of St Louis Education Foundation
          		6336 Knox Industrial Drive Ste 200
    St Louis,MO63139     		2021-07-07 50,000 The HUB 50,000 None 08/02/2022   Opus Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)).

    TY 2021 GeneralExplanationAttachment
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Identifier Return Reference Explanation
      Form 990-PF, Part VIII, Line 1: Opus Foundation pays GHR Foundation for management/philanthropy services, which are provided by some of the foundation's officers. Amounts paid during 2021 are as follows: GHR Foundation Suite 2950, 60 South 6th Street Minneapolis, MN 55402 $618,469

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Loeb Arbitrage Fund FMV 63,705 63,705
    Carlyle Europe Parts II, L.P. FMV 7,325 7,325
    Adler Asian Private Equity, LLC FMV 41,016 41,016
    Adler Bond Fund, LLC FMV 30,091,795 30,091,795
    Adler CPV, LLC FMV 166,733 166,733
    Adler Energy Infrastr III, LLC FMV 21,784 21,784
    Adler Energy Infrastr IV, LLC FMV 22,244 22,244
    Adler Equity Fund, LLC FMV 38,359,835 38,359,835
    Adler Health Care, LLC FMV 42,071 42,071
    Adler New Euro Priv Eqty, LLC FMV 69,059 69,059
    Adler Opportunistic Debt, LLC FMV 2,175 2,175
    Alder Energy Finance, LLC FMV 148,853 148,853
    Adler Opportunistic Debt II FMV 1,578,723 1,578,723
    Adler CPVI FMV 1,110,573 1,110,573
    Adler Energy Infrastr V, LLC FMV 381,666 381,666
    Adler Health Partners III, LLC FMV 2,297,629 2,297,629
    Adler Small Buyout Fund FMV 1,076,390 1,076,390
    Adler Trans Recovery Fd, LLC FMV 1,169,388 1,169,388
    Adler Co-invest Opp Fd, LLC FMV 1,170,064 1,170,064
    Adler NGP XI, LLC FMV 1,307,072 1,307,072
    Adler Energy Finance II, LLC FMV 293,168 293,168
    Adler Opportunistic Debt III FMV 860,922 860,922
    Adler SG Small Buyout Fund III FMV 1,669,085 1,669,085
    Adler Cinven VI, LLC FMV 873,616 873,616
    Adler MPE Fund II, LLC FMV 658,067 658,067
    Adler Southfield II, LLC FMV 3,359,814 3,359,814
    Adler Health Partners IV, LLC FMV 2,103,173 2,103,173
    Adler Frontenac XI, LLC FMV 2,577,477 2,577,477
    Adler 2018 Alternative Investments, LLC FMV 4,478,330 4,478,330
    Adler 2019 Alternative Investments, LLC FMV 5,402,138 5,402,138
    Adler Panco Fund IV, LLC FMV 2,561,744 2,561,744
    Adler 2020 Alternative Investments, LLC FMV 2,738,729 2,738,729
    Siguler Guff Small Business Opp Fd II FMV 852,177 852,177
    Apis & Heritage Legacy Fund I FMV 225,346 225,346

    TY 2021 LegalFeesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Fees 9,928 0   1,349


    TY 2021 OtherAssetsSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Program Related Investments 2,000,000 2,000,000 2,000,000


    TY 2021 OtherExpensesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Dues & Subscriptions 4,317 0   5,279
    Bank Fees 602 602   0
    Miscellaneous 48 0   26
    Pass-through portfolio deductions 0 1,503,195   0
    Professional Development 673 0   673
    Insurance 6,726 0   6,726
    Communications 150 0   150


    TY 2021 OtherIncomeSchedule2
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Allocated Partnership Income 17,803,399 0 17,803,399
    Allocated Partnership Income   2,158,310  


    TY 2021 OtherIncreasesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Amount
    Unrealized Gain/(Loss) 32,090


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Description Beginning of Year - Book Value End of Year - Book Value
    Other Liabilities 0 366,500


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 14,000 14,000   0
    Consulting Fees 33,300 0   33,300
    Program Fees 467,735 0   359,596
    Grants Management Fee 124,446 0   81,577


    TY 2021 TaxesSchedule
    Name:
    Opus Foundation
    EIN:
    41-1983284
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 436,058 0   0