TY 2021 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 10-01-2021 , and ending 09-30-2022

Name of foundation
RUTH SPIES MACROSTIE IRREV TRUST

Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118

A Employer identification number

41-6438110

B Telephone number (see instructions)

(888) 730-4933

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$950,140J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	25,338		25,338
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-6,299
b	Gross sales price for all assets on line 6a 402,396
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........				0
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).......		68
12	Total. Add lines 1 through 11........	19,107		25,338
13	Compensation of officers, directors, trustees, etc.	17,827		13,370		4,457
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		880	0	0	880
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		3,265	223		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		25			25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	21,997		13,593	0	5,362
25	Contributions, gifts, grants paid.......	50,000				50,000
26	Total expenses and disbursements. Add lines 24 and 25	71,997		13,593	0	55,362
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-52,890
b	Net investment income (if negative, enter -0-)			11,745
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2021)

Form 990-PF (2021)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	38,104	36,300	36,300
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	152,695	197,311	326,085
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	713,153	617,908	587,755
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	903,952	851,519	950,140
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	903,952	851,519
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	903,952	851,519
	30	Total liabilities and net assets/fund balances (see instructions).	903,952	851,519

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

903,952

Enter amount from Part I, line 27a .....................

-52,890

Other increases not included in line 2 (itemize) bullet

457

Add lines 1, 2, and 3 ..........................

851,519

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

851,519

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	34. GXO LOGISTICS INC			2021-10-19
b	760. ISHARES CORE MSCI EMERGING ETF			2021-10-19
c	54. ISHARES RUSSELL 2000 ETF		2021-02-23	2021-12-13
d	17. ARISTA NETWORKS INC			2022-02-22
e	7. HOME DEPOT INC		2012-12-06	2022-02-22
	9. NVIDIA CORP		2019-05-23	2022-02-22
	7. ACCENTURE PLC		2007-01-25	2022-02-22
	47.101 FIDELITY NEW MRKTS INC-Z #3323		2021-08-23	2022-04-20
	1697.452 FIDELITY NEW MRKTS INC-Z #3323			2022-04-20
	168. ISHARES RUSSELL 2000 ETF			2022-04-20
	229. ISHARES CORE S&P SMALL-CAP E		2021-03-25	2022-04-20
	257. ISHARES CORE MSCI EMERGING ETF		2021-08-18	2022-04-20
	478. ISHARES CORE MSCI EMERGING ETF			2022-04-20
	5746.882 PIMCO COMMODITY REAL RET STRAT-I45			2022-04-20
	2011.794 PGIM HIGH YIELD-Q 1067			2022-04-20
	2017.52 TCW EMRG MRKTS INC-PLAN #5721			2022-04-20
	4438.167 TCW EMRG MRKTS INC-PLAN #5721			2022-04-20
	55. ACTIVISION BLIZZARD INC		2021-10-19	2022-07-15
	8. CENTENE CORP DEL		2021-10-19	2022-07-15
	13. CENTENE CORP DEL		2019-08-09	2022-07-15
	6. PALO ALTO NETWORKS INC		2021-02-03	2022-07-15
	9. TRACTOR SUPPLY CO COM		2004-12-14	2022-07-15
	410. ISHARES CORE MSCI EMERGING ETF			2022-08-10
	56. ISHARES CORE TOTAL BOND ETF		2021-02-23	2022-08-10
	9381.56 PGIM HIGH YIELD-Q 1067		2021-08-23	2022-08-10
	41. VANGUARD MIDCAP VIPER		2021-12-13	2022-08-10
	36. TELADOC HEALTH INC			2022-08-25
	43. ZENDESK INC		2021-08-18	2022-08-25
	235. INVESCO OPTIMUM YIELD DIVERSIF ETF		2022-04-20	2022-09-02
	19. ISHARES CORE U.S. AGGREGATE ETF		2021-10-19	2022-09-02
	99. ISHARES CORE U.S. AGGREGATE ETF		2019-08-08	2022-09-02
	6. ISHARES RUSSELL 2000 ETF		2020-09-25	2022-09-02
	29. ISHARES JP MORGAN USD EMERGING		2022-04-20	2022-09-02
	30. ISHARES CORE MSCI EMERGING ETF		2019-08-08	2022-09-02
	80. ISHARES CORE TOTAL BOND ETF		2021-02-23	2022-09-02
	323.031 PGIM HIGH YIELD-Q 1067		2021-08-23	2022-09-02
	7. VANGUARD MIDCAP VIPER		2021-12-13	2022-09-02
	29. VANGUARD MIDCAP VIPER		2021-08-18	2022-09-02
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,919	689	2,230
b	48,698	49,161	-463
c	11,767	11,770	-3
d	2,059	998	1,061
e	2,197	450	1,747
	2,094	327	1,767
	2,235	258	1,977
	595	693	-98
	21,439	23,873	-2,434
	34,157	28,461	5,696
	24,668	23,727	941
	13,874	15,937	-2,063
	25,804	29,413	-3,609
	44,883	35,511	9,372
	10,160	11,169	-1,009
	13,719	16,382	-2,663
	30,180	35,153	-4,973
	4,241	4,226	15
	711	517	194
	1,156	639	517
	3,054	2,266	788
	1,822	78	1,744
	20,229	20,254	-25
	2,674	2,997	-323
	45,688	52,068	-6,380
	9,060	10,206	-1,146
	1,246	6,383	-5,137
	3,292	5,218	-1,926
	4,021	4,422	-401
	1,906	2,173	-267
	9,933	11,150	-1,217
	1,076	873	203
	2,467	2,718	-251
	1,433	1,450	-17
	3,704	4,282	-578
	1,512	1,793	-281
	1,452	1,743	-291
	6,014	7,012	-998
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117
			117

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			2,230
b			-463
c			-3
d			1,061
e			1,747
			1,767
			1,977
			-98
			-2,434
			5,696
			941
			-2,063
			-3,609
			9,372
			-1,009
			-2,663
			-4,973
			15
			194
			517
			788
			1,744
			-25
			-323
			-6,380
			-1,146
			-5,137
			-1,926
			-401
			-267
			-1,217
			203
			-251
			-17
			-578
			-281
			-291
			-998

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-6,299
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 ...................		3

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 and enter “N/A" on line 1.
	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	163
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	163
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	1,660
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	1,660
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,497
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax164	Refunded	11	1,333

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WELLS FARGO BANK NA Telephone no. bullet

(888) 730-4933

Located at bullet

100 N MAIN ST MAC D4001-117WINSTON SALEMNC ZIP+4 bullet

27101

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

Yes

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
WELLS FARGO BANK N A	TRUSTEE 1	17,827
100 N MAIN ST MAC D4001-117 WINSTON SALEM,NC27101	TRUSTEE 1	17,827

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2021)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,141,885

Average of monthly cash balances.......................

34,301

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,176,186

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,176,186

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

17,643

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

1,158,543

Minimum investment return. Enter 5% (0.05) of line 5................

57,927

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.)

Minimum investment return from Part IX, line 6..................

57,927

Tax on investment income for 2021 from Part V, line 5.......

163

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

163

Distributable amount before adjustments. Subtract line 2c from line 1............

57,764

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

57,764

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

57,764

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

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					57,764
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......				51,630
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	0
e From 2020......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2021 from Part
XI, line 4: $ 55,362
a Applied to 2020, but not more than line 2a				51,630
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.....					3,732
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 ..........					54,032
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....	0
b Excess from 2018....	0
c Excess from 2019....	0
d Excess from 2020....	0
e Excess from 2021....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

NONE

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MACROSTIE ART CENTER 405 NW 1ST AVE GRAND RAPIDS,MN55744	NONE	PC	GENERAL OPERATING	2,500
DAKOTA STATE UNIVERSITY FOUNDATION 820 N WASHINGTON AVE MADISON,SD57042	NONE	PC	GENERAL OPERATING	2,500
SHRINERS HOSPITALS FOR CHILDREN 2900 ROCKY POINT DRIVE TAMPA,FL336313356	NONE	PC	GENERAL OPERATING	17,500
COMMUNITY PRESBYTERIAN CHURCH 703 POKEGAMA AVE N GRAND RAPIDS,MN55744	NONE	PC	GENERAL OPERATING	7,500
MASONIC CANCER CENTER FUND INC 11501 MASONIC HOME DRIVE BLOOMINGTON,MN55437	NONE	PC	GENERAL OPERATING	17,500
ITASCA COMMUNITY COLLEGE FOUNDATION 1851 E US HIGHWAY 169 GRAND RAPIDS,MN55744	NONE	PC	GENERAL OPERATING	2,500
Total ................................. 3a				50,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	-6,299
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aFEDERAL TAX REFUND			1	68
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				19,107

13Total. Add line 12, columns (b), (d), and (e)..................

19,107

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2021 AccountingFeesSchedule

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	880			880

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Name of Stock	End of Year Book Value	End of Year Fair Market Value
893641100 TRANSDIGM GROUP INC	4,520	4,723
81762P102 SERVICENOW INC	6,551	5,664
98936J101 ZENDESK INC
45866F104 INTERCONTINENTAL EXC	932	6,415
36262G101 GXO LOGISTICS INC	1,776	1,578
278865100 ECOLAB INC	590	2,600
73278L105 POOL CORPORATION	6,271	5,091
983793100 XPO LOGISTICS INC	995	1,514
252131107 DEXCOM INC	4,085	6,282
550021109 LULULEMON ATHLETICA	5,140	3,634
037833100 APPLE INC	4,660	31,095
532457108 ELI LILLY & CO COM	7,322	8,730
21036P108 CONSTELLATION BRANDS	4,122	5,972
040413106 ARISTA NETWORKS INC	5,373	7,112
518439104 ESTEE LAUDER COMPANI	1,361	6,045
79466L302 SALESFORCE INC	9,385	6,329
16679L109 CHEWY INC	4,603	1,536
339041105 FLEETCOR TECHNOLOGIE	7,785	5,109
001084102 AGCO CORP COM	5,269	3,751
169656105 CHIPOTLE MEXICAN GRI	1,818	6,011
02079K107 ALPHABET INC CL C	5,844	21,153
15135B101 CENTENE CORP DEL	3,774	5,758
92826C839 VISA INC-CLASS A SHR	4,965	9,060
896239100 TRIMBLE INC	4,983	3,473
594918104 MICROSOFT CORP	7,096	27,482
31620M106 FIDELITY NATL INFORM	6,700	4,610
101137107 BOSTON SCIENTIFIC CO	5,855	6,390
G1151C101 ACCENTURE PLC	737	5,146
13645T100 CANADIAN PAC RY LTD	3,814	6,005
67066G104 NVIDIA CORP	1,562	5,220
016255101 ALIGN TECHNOLOGY INC	2,664	3,728
78409V104 S&P GLOBAL INC	1,250	4,275
30303M102 META PLATFORMS INC	5,736	7,869
11135F101 BROADCOM INC	6,831	8,436
87918A105 TELADOC HEALTH INC
92532F100 VERTEX PHARMACEUTICA	3,340	4,922
235851102 DANAHER CORP	338	8,782
617446448 MORGAN STANLEY	6,482	7,190
64110L106 NETFLIX INC	4,911	3,296
90384S303 ULTA BEAUTY INC	4,966	7,623
09857L108 BOOKING HOLDINGS INC	3,405	4,930
697435105 PALO ALTO NETWORKS I	5,499	7,371
437076102 HOME DEPOT INC
34964C106 FORTUNE BRANDS HOME	4,243	3,651
G66721104 NORWEGIAN CRUISE LIN	1,273	1,704
023135106 AMAZON COM INC COM	2,605	22,148
892356106 TRACTOR SUPPLY CO CO	357	7,621
464287804 ISHARES CORE S&P SMA
46434G103 ISHARES CORE MSCI EM
381430107 GOLDMAN SACHS ACTIVE
722005667 PIMCO COMMODITY REAL
464287655 ISHARES RUSSELL 2000
74440Y884 PGIM HIGH YIELD-Q 10
464287226 ISHARES CORE U.S. AG
872365713 TCW EMRG MRKTS INC-P
31641Q755 FIDELITY NEW MRKTS I
922908629 VANGUARD MIDCAP VIPE
00507V109 ACTIVISION BLIZZARD
46434V613 ISHARES CORE TOTAL B
90138F102 TWILIO INC	5,272	2,973
46120E602 INTUITIVE SURGICAL I	2,012	1,687
679295105 OKTA INC	6,052	2,502
22160K105 COSTCO WHOLESALE COR	2,187	1,889

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
92826C839 VISA INC-CLASS A SHR
262028855 DRIEHAUS ACTIVE INCO
64110L106 NETFLIX INC
67103H107 O'REILLY AUTOMOTIVE
983793100 XPO LOGISTICS INC
893641100 TRANSDIGM GROUP INC
G50871105 JAZZ PHARMACEUTICALS
45866F104 INTERCONTINENTAL EXC
235851102 DANAHER CORP
256210105 DODGE & COX INCOME F
92532F100 VERTEX PHARMACEUTICA
61174X109 MONSTER BEVERAGE COR
34959J108 FORTIVE CORP
252131107 DEXCOM INC
34964C106 FORTUNE BRANDS HOME
921937819 VANGUARD INTERMEDIAT
023135106 AMAZON COM INC COM
518439104 ESTEE LAUDER COMPANI
693506107 PPG INDUSTRIES INC
892356106 TRACTOR SUPPLY CO CO
015351109 ALEXION PHARMACEUTIC
09857L108 BOOKING HOLDINGS INC
21036P108 CONSTELLATION BRANDS
15135B101 CENTENE CORP DEL
596278101 MIDDLEBY CORP
831865209 SMITH A O CORP CL B
437076102 HOME DEPOT INC
589509207 MERGER FUND-INST #30
101137107 BOSTON SCIENTIFIC CO
981558109 WORLDPAY INC
464287648 ISHARES RUSSELL 2000
464287465 ISHARES MSCI EAFE
02079K107 ALPHABET INC CL C
722005220 PIMCO FOREIGN BOND (
79466L302 SALESFORCE COM INC
949917579 WF ADV GOVT SECURITI
697435105 PALO ALTO NETWORKS I
36202XK55 GNMA POOL 612416 4.5
73278L105 POOL CORPORATION
22544R305 CREDIT SUISSE COMM R
36209JQG9 GNMA POOL 473055 6.5
922908645 VANGUARD MID CAP IND
90385D107 ULTIMATE SOFTWARE GR
78409V104 S&P GLOBAL INC
00203H859 AQR MANAGED FUTURES
037833100 APPLE INC
254687106 WALT DISNEY CO
617446448 MORGAN STANLEY
191216100 COCA COLA CO
11135F101 BROADCOM INC
46138B103 INVESCO DB COMMODITY
69354M108 PRA HEALTH SCIENCES
003021714 ABERDEEN EMERG MARKE
63872T885 ASG GLOBAL ALTERNATI
922042858 VANGUARD EMERGING MA
20605P101 CONCHO RESOURCES INC
016255101 ALIGN TECHNOLOGY INC
G1151C101 ACCENTURE PLC
02079K305 ALPHABET INC/CA
G66721104 NORWEGIAN CRUISE LIN
78463X863 SPDR DJ WILSHIRE INT
74925K581 ROBECO BP LNG/SHRT R
278865100 ECOLAB INC
594918104 MICROSOFT CORP
315920702 FID ADV EMER MKTS IN
G0177J108 ALLERGAN PLC
922908553 VANGUARD REIT VIPER
4812C0803 JPMORGAN HIGH YIELD
30303M102 FACEBOOK INC
92927K102 WABCO HOLDINGS INC
90384S303 ULTA BEAUTY INC
464287655 ISHARES RUSSELL 2000	AT COST	13,572	18,636
550021109 LULULEMON ATHLETICA
277923264 EATON VANCE GLOB MAC
47803M168 JOHN HANCOCK II-CURR
46434G103 ISHARES CORE MSCI EM	AT COST	20,639	18,352
040413106 ARISTA NETWORKS INC
67066G104 NVIDIA CORP
464287705 ISHARES S&P MIDCAP 4
00507V109 ACTIVISION BLIZZARD
779919307 T ROWE PR REAL ESTAT
464287606 ISHARES S&P MIDCAP 4
921937827 VANGUARD BD INDEX FD
464287226 ISHARES CORE U.S. AG	AT COST	208,011	188,056
097023105 BOEING COMPANY
31641Q755 FIDELITY NEW MRKTS I
87234N765 TCW EMRG MKTS INCM-I
921943858 VANGUARD FTSE DEVELO
31620M106 FIDELITY NATL INFORM
27830W108 EV GL MACR ABS RTRN
81762P102 SERVICENOW INC
922908629 VANGUARD MIDCAP VIPE	AT COST	131,552	157,715
169656105 CHIPOTLE MEXICAN GRI
46090F100 INVESCO OPTIMUM YIEL	AT COST	43,666	39,059
74440Y884 PGIM HIGH YIELD-Q 10	AT COST	36,325	29,580
693390841 PIMCO HIGH YIELD FD-
74256W626 PRINCIPAL HIGH YIELD
13645T100 CANADIAN PAC RY LTD
381430107 GOLDMAN SACHS ACTIVE	AT COST	27,357	19,181
722005667 PIMCO COMMODITY REAL
872365713 TCW EMRG MRKTS INC-P
46434V613 ISHARES CORE TOTAL B	AT COST	68,648	59,452
464287804 ISHARES CORE S&P SMA
464288281 ISHARES JP MORGAN US	AT COST	68,138	57,724

- TIN:

TY 2021 OtherExpensesSchedule

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FILING FEE/STATE TAX	25	0		25

- TIN:

TY 2021 OtherIncomeSchedule2

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
FEDERAL TAX REFUND	68	0

- TIN:

TY 2021 OtherIncreasesSchedule

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Description	Amount
MUTUAL FUND TIMING ADJ	457

- TIN:

TY 2021 TaxesSchedule

Name:

RUTH SPIES MACROSTIE IRREV TRUST

EIN:

41-6438110

Category	Amount	Net Investment Income
FOREIGN TAXES	115	115
FEDERAL TAX PAYMENT - PRIOR YE	1,382	0
FEDERAL ESTIMATES - PRINCIPAL	1,660	0
FOREIGN TAXES ON NONQUALIFIED	108	108