Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
SUNDET FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)7805 TELEGRAPH ROAD 215
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55438
A Employer identification number

41-1378654
B Telephone number (see instructions)

(952) 941-0242
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$7,502,141J 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) 149,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 103,065 101,907  
5a Gross rents............ 6,881 4,067  
b Net rental income or (loss) 6,881
6a Net gain or (loss) from sale of assets not on line 10 -68,067
b Gross sales price for all assets on line 6a 1,103,820
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 190,879 105,974  
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
List of Attached Documents:
// Content
8,631 0   8,630
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,380 0   8,380
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,874 2,833   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,616 27,354   262
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 60,501 30,187   17,297
25 Contributions, gifts, grants paid....... 1,820,026 1,820,026
26 Total expenses and disbursements. Add lines 24 and 25 1,880,527 30,187   1,837,323
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,689,648
b Net investment income (if negative, enter -0-) 75,787
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 901,169 85,751 85,751
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
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).......      
c Investments—corporate bonds (attach schedule)....... 215,884 Click to see attachment
List of Attached Documents:
// Content
401,195 		398,940
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,955,385 Click to see attachment
List of Attached Documents:
// Content
4,858,636 		6,379,768
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
490,258 		Click to see attachment
List of Attached Documents:
// Content
527,466 		Click to see attachment
List of Attached Documents:
// Content
637,682
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,562,696 5,873,048 7,502,141
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 7,562,696 5,873,048
29 Total net assets or fund balances (see instructions)..... 7,562,696 5,873,048
30 Total liabilities and net assets/fund balances (see instructions). 7,562,696 5,873,048
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
7,562,696
2
Enter amount from Part I, line 27a .....................
2
-1,689,648
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,873,048
5
Decreases not included in line 2 (itemize) right arrow
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
5,873,048
Form 990-PF (2022)
Form 990-PF (2022)
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 ALGER SMALL CAP FOCUS FUND P   2022-12-22
b COMCAST CABLE COMMUNICATIONS P 2002-09-19 2022-11-15
c FIDELITY ADVISOR NEW INSIGHTS P   2022-11-03
d GROWTH FD AMER INC P   2022-12-22
e INTUIT INC P 2021-12-29 2022-11-03
JP MORGAN TR P 2020-06-29 2022-06-24
WARNER BROS DISCOVERY P 2012-02-14 2022-04-08
WARNER BROS DISCOVERY P   2022-06-24
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 287,047   355,206 -68,159
b 24,000   22,406 1,594
c 386,066   350,301 35,765
d 97,219   83,387 13,832
e 187,905   325,540 -137,635
10,847   12,731 -1,884
18   22 -4
10,385   22,294 -11,909
100,333     100,333
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       -68,159
b       1,594
c       35,765
d       13,832
e       -137,635
      -1,884
      -4
      -11,909
      100,333
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 -68,067
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 1,053
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,053
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,053
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 10,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,947
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow8,947 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMN
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrowN/A
14
The books are in care ofright arrowCAROL SUNDET-MEEKER Telephone no.right arrow (952) 941-0242

Located atright arrow7805 TELEGRAPH ROAD STE 215BLOOMINTONMN ZIP+4right arrow55438
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LELAND N SUNDET DIRECTOR/PRESIDENT
2.00 		0 0 0
7805 TELEGRAPH RD
BLOOMINGTON,MN55438
LOUISE C SUNDET VICE PRESIDENT
2.00 		0 0 0
7805 TELEGRAPH RD
BLOOMINGTON,MN55438
CAROL SUNDET-MEEKER DIRECTOR/PRESIDENT
10.00 		0 0 0
5924 TAMARAC AVE
EDINA,MN55436
DAN BOECKERMANN DIRECTOR
1.00 		0 0 0
4470 W 78TH ST CIRCLE STE 200
BLOOMINGTON,MN55435
MARK DIENHARD DIRECTOR
1.00 		0 0 0
1944 BAYARD AVENUE
ST PAUL,MN55116
DAVID SUNDET DIRECTOR
1.00 		0 0 0
1280 ZIRCON LN N
PLYMOUTH,MN55447
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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.............right arrow0
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 NONE 0
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 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
7,999,764
b
Average of monthly cash balances.......................
1b
960,090
c
Fair market value of all other assets (see instructions)................
1c
637,682
d
Total (add lines 1a, b, and c).........................
1d
9,597,536
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
9,597,536
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
143,963
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,453,573
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
472,679
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
472,679
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,053
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
381
c
Add lines 2a and 2b............................
2c
1,434
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
471,245
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
471,245
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
471,245
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
1,837,323
b
Program-related investments—total from Part VIII-B..................
1b
0
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
1,837,323
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 471,245
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 328,577
b From 2018...... 591,991
c From 2019...... 560,545
d From 2020...... 1,937,500
e From 2021...... 2,095,043
f Total of lines 3a through e ........ 5,513,656
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,837,323
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 471,245
e Remaining amount distributed out of corpus 1,366,078
5 Excess distributions carryover applied to 2022. 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 6,879,734
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		328,577
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		6,551,157
10 Analysis of line 9:
a Excess from 2018.... 591,991
b Excess from 2019.... 560,545
c Excess from 2020.... 1,937,500
d Excess from 2021.... 2,095,043
e Excess from 2022.... 1,366,078
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
LELAND N SUNDET
LOUISE C SUNDET
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 right arrow
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 (2022)
Form 990-PF (2022)
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

ABBOTT NW HOSPITAL

800 EAST 28TH STREET
MINNEAPOLIS,MN55407 		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 10,000

ALLIANCE DEFENDING FREEDOM

15100 N 90TH STREET
SCOTTSDALE,AZ85260 		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 63,200

ANSELM HOUSE

1337 CLEVELAND AVENUE N
ST PAUL,MN55108 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

ARIZONA PUBLIC RADIO

PO BOX 210109 1111 N CHERRY AVE
TUCSON,AZ85721 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500

AUGSBURG COLLEGE ROCHESTER CAMPUS

2211 RIVERSIDE AVE S
MINNEAPOLIS,MN55454 		NONE OTHER PUBLIC CHARITY CHARITABLE 100,000

BSF INTERNATIONAL

19001 HUEBNER ROAD
SAN ANTONIO,TX782584019 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

CASA ALITAS CATHOLIC CHARITIES AID TO MIGRANTS

140 W SPEEDWAY STE 230
TUCSON,AZ85705 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,500

CATHOLIC CHARITIES OF S NV ADOPTION

1511 LAS VEGAS BOULEVARD
LAS VEGAS,NV89101 		NONE OTHER PUBLIC CHARITY CHARITABLE 7,500

CENTER OF THE AMERICAN EXPERIMENT

8421 WAYZATA BOULEVARD STE 110
GOLDEN VALLEY,MN55426 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

CHILDREN'S MINNESOTA FOUNDATION

5901 LINCOLN DRIVE
EDINA,MN55436 		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000

CHRISTIAN NETWORK TEAM

12375 104TH PLACE N
FINLAYSON,MN55735 		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000

COURAGE KENNEY

3915 GOLDEN VALLEY ROAD
MINNEAPOLIS,MN55422 		NONE OTHER PUBLIC CHARITY CHARITABLE 105,000

CRU - ABID & JANET

PO BOX 628222
ORLANDO,FL328628222 		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000

CRU - TODD & KRISS GROSS

PO BOX 628222
ORLANDO,FL328628222 		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000

DILLON COMMUNITY CHURCH

PO BOX 1979
DILLON,CO80435 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

DUKE UNIVERSITY

BOX 90581
DURHAM,NC277080581 		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 2,000

FAMILY HOPE SERVICES

5666 LINCOLN DRIVE STE 201
MINNEAPOLIS,MN55436 		NONE OTHER PUBLIC CHARITY CHARITABLE 8,000

FAMILY RESEARCH COUNCIL

PO BOX 1679
HOLLAND,MI494221679 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

FEED MY STARVING CHILDREN

18732 LAKE DRIVE E
CHANHASSEN,MN55317 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

FELLOWSHIP CHRISTIAN ATHLETES

2001 UNIVERSITY AVE SE STE 100
MINNEAPOLIS,MN55414 		NONE OTHER PUBLIC CHARITY CHARITABLE 7,000

FIRST BAPTIST CHURCH OF STURGEON BAY

610 NORTH 5TH AVENUE
STURGEON BAY,WI542352108 		NONE OTHER PUBLIC CHARITY CHARITABLE 8,000

FIRST BAPTIST CHURCH OF STURGEON BAY

610 NORTH 5TH AVENUE
STURGEON BAY,MN542352108 		NONE OTHER PUBLIC CHARITY CHARITABLE 8,000

FOCUS ON THE FAMILY

8605 EXPLORER DRIVE
COLORADO SPRINGS,CO80920 		NONE OTHER PUBLIC CHARITY CHARITABLE 30,000

FOCUS ON THE FAMILY

8605 EXPLORER DRIVE
COLORADO SPRINGS,CO80920 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

GIANTS OF THE EARTH HERITAGE CTR

102 2ND AVENUE SE
SPRING GROVE,MN55974 		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 100,000

GRACE CHURCH

9301 EDEN PRAIRIE ROAD
EDEN PRAIRIE,MN55347 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

HERITAGE CHRISTIAN ACADEMY

15655 BASS LAKE ROAD
MAPLE GROVE,MN55331 		NONE OTHER PUBLIC CHARITY CHARITABLE 8,000

HERITAGE CHRISTIAN ACADEMY

15655 BASS LAKE ROAD
MAPLE GROVE,MN55331 		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000

HUMANE SOCIETY OF MINNESOTA

845 MEADOW LANE N
GOLDEN VALLEY,MN55422 		NONE OTHER PUBLIC CHARITY CHARITABLE 120

IN TOUCH MINISTRY

PO BOX 7900
ATLANTA,GA303579979 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

INCARNATIONSAGRADO CORAZON CATHOLIC CHURCH

3817 PLEASAN AVENUE SOUTH
MINEAPOLIS,MN55409 		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000

KOINONIA HOUSE

PO BOX 1415
WHEATON,IL601871415 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000

LIFESPACE FOUNDATION

8104 HIGHWOOD DR G138
BLOOMINGTON,MN55438 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

MAYO CLINIC

200 FRIST STREET SW
ROCHESTER,MN55905 		NONE OTHER PUBLIC CHARITY CHARITABLE 100,000

MAYO CLINIC FOUNDATION

200 FRIST STREET SW
ROCHESTER,MN55108 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

MINNEAPOLIS HEART INSTITUTE FOUNDATION

920 EAST 28TH STREET STE 100
MINNEAPOLIS,MN55407 		NONE OTHER PUBLIC CHARITY CHARITABLE 100,000

MINNEHAHA ACADEMY

4200 WEST RIVER PARKWAY
MINNEAPOLIS,MN55406 		NONE OTHER PUBLIC CHARITY CHARITABLE 41,500

MINNESOTA DENTAL ASSOCIATION FOUNDATION

1335 INDUSTRIAL BOULEVARD STE 200
MINNEAPOLIS,MN554134801 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,500

MINNESOTA PUBLIC RADIO

480 CEDAR STREET
ST PAUL,MN55101 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,180

MN FAMILY INSTITUTE

2855 ANTHONY LANE S STE 150
MINNEAPOLIS,MN55418 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

MN HISTORICAL SOCIETY

345 KELLOGG BOULEVARD WEST
ST PAUL,MN55102 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

MN PRAER BREAKFAST

PO BOX 304
ROSEMOUNT,MN550680304 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,500

MOODY BIBLE INSTITUTE

9820 N LASALLE BLVD
CHICAGO,IL60610 		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000

MOUNTAIN MINISTRIES

PO BOX 1974
DILLON,CO80435 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000

MT CARMEL MINISTRIES

PO BOX 579
ALEXANDRIA,MN56308 		NONE OTHER PUBLIC CHARITY CHARITABLE 110,000

MT OLIVET LUTHERAN CHURCH

5025 KNOX AVENUE SOUTH
MINNEAPOLIS,MN55419 		NONE OTHER PUBLIC CHARITY CHARITABLE 15,500

MT OLIVET ROLLING ACRES

18986 LAKE DRIVE EAST
CHANHASSEN,MN553179348 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000

NAVIGATORS

PO BOX 6079
ALBERT LEA,MN560076679 		NONE OTHER PUBLIC CHARITY CHARITABLE 90,000

NAVIGATORS LUEBE

PO BOX 6079
ALBERT LEA,MN56007 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

NEW HORIZONS FOUNDATION

PO BOX 23813
WASHINGTON,DC200263813 		NONE OTHER PUBLIC CHARITY CHARITABLE 12,000

NORTHWESTERN UNIVERSITY

225 E CHICAGO AVE PO BOX 28
CHICAGO,IL606112991 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

NORWAY HOUSE

913 EAST FRANKLIN AVE
MINNEAPOLIS,MN55416 		NONE OTHER PUBLIC CHARITY CHARITABLE 263,500

PASSION CHURCH

13792 REIMER DRIVE N
MAPLE GROVE,MN55311 		NONE OTHER PUBLIC CHARITY CHARITABLE 14,310

PEOPLE SERVING PEOPLE

614 S 3RD STREET
MINNEAPOLIS,MN55415 		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000

PERSPECTIVES

3381 GORHAM AVENUE
ST LOUIS PARK,MN55415 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

PRISON FELLOWSHIP

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		NONE OTHER PUBLIC CHARITY CHARITABLE 115,000

PRISON FELLOWSHIP

44180 RIVERSIDE PARKWAY
LANSDOWNE,VA20176 		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000

RIVER VALLEY CHURCH

12345 PORTLAND AVE
BURNSVILLE,MN55337 		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000

SAMARITAN'S PURSE

PO BOX 3000
BOONE,NC28607 		NONE OTHER PUBLIC CHARITY CHARITABLE 10,000

SHARING AND CARING HANDS

525 NORTH 7TH STREET
MINNEAPOLIS,MN55405 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

SHRINERS HOSPITAL FOR CHILDREN

2900 N ROCKY POINT DR
TAMPA,FL33607 		NONE OTHER PUBLIC CHARITY CHARITABLE 16,000

SPRING GROVE ISD 297 (SCHOLARSHIPS)

113 2ND AVENUE NW
SPRING GROVE,MN55974 		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000

SPRING GROVE SCOLAR DOLLARS

17927 NINE OAKS DRIVE
SPRING GROVE,MN55974 		NONE OTHER PUBLIC CHARITY CHARITABLE 500

ST HUBERTS CATHOLIC CHURCH

8201 MAIN STREET
CHANHASSEN,MN55317 		NONE OTHER PUBLIC CHARITY CHARITABLE 6,000

ST JOHN'S CATHOLIC CHURCH

208 CHURCH ROAD
PLUM CITY,WI54761 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

THE LOPPET FOUNDATION

1301 THEODORE WIRTH PARKWAY
GOLDEN VALLEY,MN55422 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

TPTPBS

172 EAST FOURTH STREET
ST PAUL,MN55101 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000

TRINITY LUTHERAN CHURCH

203 EAST MAIN ST PO BOX 188
SPRING GROVE,MN55974 		NONE OTHER PUBLIC CHARITY CHARITABLE 36,716

TRUE FRIENDS

10590 108TH STREET NW
ANNANDALE,MN55302 		NONE OTHER PUBLIC CHARITY CHARITABLE 20,000

U OF M DENTAL

200 OAK STREET SE STE 500
MINNEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,500

U OF MN FOUNDATION

200 OAK STREET SE STE 500
MINEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 164,000

UNIVERSITY OF CALIFORNIA IRVINE UROLOGY

333 CITY BLVD
ORANGE,CA92868 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

UNIVERSITY OF CALIFORNIA SAN DIEGO UROLOGY

9500 GILMAN DRIVE 9037
LAJOLLA,CA920930937 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

UNIVERSITY OF CALIFORNIA CEDAR HOSPITAL

127 S SAN VICENTE BLVD A6600
LOS ANGELES,CA90048 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

UNIVERSITY OF MINNESOTA MECH ENGINEERING

111 CHURCH STREET SE ROOM 200
MINNEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000

UNIVERSITY OF MINNESOTA NEUROLOGY

919 FULTON AVENUE SE
MINNEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 4,000

UNIVERSITY OF WISCONSIN NEUROLOGY

US BANK BOX 78807
MILWAUKEE,WI532780807 		NONE OTHER PUBLIC CHARITY CHARITABLE 2,000

URBAN VENTURES

2924 FOURTH AVENUE SOUTH
MINNEAPOLIS,MN55408 		NONE OTHER PUBLIC CHARITY CHARITABLECHARITABLE 20,000

WILLIAMS COLLEGE

75 PARK STREET
WILLIAMSTOWN,MA01267 		NONE OTHER PUBLIC CHARITY CHARITABLE 500

HEARTLAND FREE CHURCH

10252 HIGHWAY 55 NW
ANNANDALE,MN55302 		NONE OTHER PUBLIC CHARITY CHARITABLE 1,000

HSPA

55 WEST WACKER DRIVE
CHICAGO,IL60601 		NONE OTHER PUBLIC CHARITY CHARITABLE 5,000

OUR LADY OF GRACE CHRUCH

5071 EDEN AVENUE
EDINA,MN55436 		NONE OTHER PUBLIC CHARITY CHARITABLE 3,000

UNIVERSITY OF MN - CARLSON MEDICAL

200 OAK STREET SE
MINNEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 500

U OF M FOUNDATION - SCHOOL OF NURSING

200 OAK STREET SE
MINNEAPOLIS,MN55455 		NONE OTHER PUBLIC CHARITY CHARITABLE 500
Total .................................right arrow 3a 1,820,026
bApproved for future payment

MINNEAPOLIS HEART INSTITUTE FOUNDATION
920 EAST 28TH STREET STE 100
MINNEAPOLIS,MN55407 		NONE OTHER PUBLIC CHARITY CHARITABLE 400,000
Total ................................. right arrow 3b 400,000
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		         
4 Dividends and interest from securities ....     14 103,065  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 6,881  
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 -68,067  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 41,879 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
41,879
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
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
2022
Name of the organization
SUNDET FOUNDATION
 
Employer identification number

41-1378654
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
SUNDET FOUNDATION
  		Employer identification number
41-1378654
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
SUNSHINE
 
7805 TELEGRAPH ROAD STE 215
 
BLOOMINGTON, MN55438

$ 16,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
MDSC
 
7805 TELEGRAPH ROAD STE 215
 
BLOOMINGTON, MN55438

$ 129,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MARY INC
 
7805 TELEGRAPH ROAD STE 215
 
BLOOMINGTON, MN55438

$ 4,000


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
SUNDET FOUNDATION
  		Employer identification number

41-1378654
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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
SUNDET FOUNDATION
  		Employer identification number

41-1378654
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) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 8,380 0   8,380

TY 2022 InvestmentsCorpBondsSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Name of Bond End of Year Book Value End of Year Fair Market Value
DAIN CORP BONDS 401,195 398,940

TY 2022 InvestmentsOtherSchedule2
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS AT COST 3,358,390 4,272,392
EQUITABLE ANNUITY AT COST 1,500,000 2,107,376
SPRING GROVE RE FUND AT COST 246 0

TY 2022 LegalFeesSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,631 0   8,630


TY 2022 OtherAssetsSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT IN MDSC PARTNERS LLC 487,876 525,084 635,300
DISTRIBUTION RECEIVABLE 2,382 2,382 2,382


TY 2022 OtherExpensesSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK & BROKER FEES 27,354 27,354   0
INSURANCE EXPENSE 262 0   262


TY 2022 TaxesSchedule
Name:
SUNDET FOUNDATION
EIN:
41-1378654
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 2,833 2,833   0
ANNUAL FEE 25 0   25
FEDERAL TAXES 13,016 0   0