Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
Alva J Field Memorial Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 1735
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Williston, ND588021735
A Employer identification number

45-6010789
B Telephone number (see instructions)

(701) 577-2157
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$21,508,834J Accounting method:
Modified Cash Basi
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 193 193  
4 Dividends and interest from securities... 1,107,232 1,107,232  
5a Gross rents............ 19,845 19,845  
b Net rental income or (loss) 16,917
6a Net gain or (loss) from sale of assets not on line 10 411,343
b Gross sales price for all assets on line 6a 2,844,417
7 Capital gain net income (from Part IV, line 2)... 411,343
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 876,758 876,758  
12 Total. Add lines 1 through 11........ 2,415,371 2,415,371  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 6,800 0   6,800
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 39,486 9,871   29,615
b Accounting fees (attach schedule)....... Click to see attachment 48,290 0   48,290
c Other professional fees (attach schedule).... Click to see attachment 203,259 203,259   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 44,810 2,928   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,937 0   1,937
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 320 0   320
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 344,902 216,058   86,962
25 Contributions, gifts, grants paid....... 935,150 935,150
26 Total expenses and disbursements. Add lines 24 and 25 1,280,052 216,058   1,022,112
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,135,319
b Net investment income (if negative, enter -0-) 2,199,313
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 426,447 363,005 363,005
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet637,009
Less: allowance for doubtful accounts bullet7,692 683,567 Click to see attachment629,317 629,317
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)....... 18,440,047 Click to see attachment15,355,512 15,355,512
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet62,260
Less: accumulated depreciation (attach schedule) bullet   62,260 Click to see attachment62,260 723,500
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment0 Click to see attachment4,437,500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,612,321 16,410,094 21,508,834
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............ 19,612,321 16,410,094
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
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)..... 19,612,321 16,410,094
30 Total liabilities and net assets/fund balances (see instructions). 19,612,321 16,410,094
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
19,612,321
2
Enter amount from Part I, line 27a .....................
2
1,135,319
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,475
4
Add lines 1, 2, and 3 ..........................
4
20,754,115
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,344,021
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,410,094
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicily Traded Securities P    
b Capital Gains Dividends P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,752,587   2,433,074 319,513
b 91,830     91,830
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       319,513
b       91,830
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 411,343
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 30,570
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 30,570
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 30,680
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,800
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 61,480
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 33
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 30,877
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet30,877 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletND
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.alvajfieldtrust.org
    14
    The books are in care ofbulletMartin Hanson Telephone no.bullet (701) 577-2000

    Located atbulletPO Box 1735WillistonND ZIP+4bullet588011735
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    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)
     
    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
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    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
    Martin Hanson Trustee
    3.75     		6,500 0 0
    PO Box 1735
    Williston,ND588011735
    Beau Anderson Trustee
    0.01     		300 0 0
    PO Box 1735
    Williston,ND588011735
    Jeffrey Thake Trustee
    0.01     		0 0 0
    PO Box 1735
    Williston,ND588011735
    Brent Lysne Trustee
    0.01     		0 0 0
    PO Box 1735
    Williston,ND588011735
    F Dan Baker Trustee
    5.00     		0 0 0
    PO Box 1735
    Williston,ND588011735
    Michael Campbell Trustee
    0.01     		0 0 0
    PO Box 1735
    Williston,ND588011735
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Morgan Stanley Investment broker 160,797
    4207 Boulder Ridge Road Suite 250
    Bismarck,ND58503
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 Court supervised and approved student loans. 17 new loans totaling $51,000 were made in fiscal year ending 2022. 51,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet51,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    17,854,760
    b
    Average of monthly cash balances.......................
    1b
    638,534
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,161,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    23,654,294
    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
    23,654,294
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    354,814
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    23,299,480
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,164,974
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,164,974
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    30,570
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,570
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,134,404
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    112,128
    5
    Add lines 3 and 4............................
    5
    1,246,532
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,246,532
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,246,532
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 964,184
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,073,112
    a Applied to 2020, but not more than line 2a 964,184
    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..... 108,928
    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 ..........     		1,137,604
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Neff Eiken Neff PC
    111 E Broadway
    Williston,ND58801
    (701) 577-2000
    bThe form in which applications should be submitted and information and materials they should include:
    Application by letter accompanied with financial needs and grade transcript.
    cAny submission deadlines:
    Request should be made prior to August 15th and December 15th of each semester.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Loan requests are limited to boys and girls who have graduated from high school in Williams County, North Dakota.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Aberle Brady
    3613 Powder Ridge Drive
    Bismarck,ND58503     		None I Individual Scholarship 2,000
    Abuhl Bremen Jamestown
    1603 Broadway N
    Fargo,ND58102     		None I Individual Scholarship 7,087
    Abuhl Olivia - Midwestern
    204 E Highland Drive
    Williston,ND58801     		None I Individual Scholarship 7,087
    Adamson Julia
    701 7th St West
    Williston,ND58801     		None I Individual Scholarship 7,550
    Alexandrou Angeliki
    707 35th St East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Allard Brittny A
    415 1st Ave West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Anderson Erin - Creighton
    125 Main St 310
    Williston,ND58801     		None I Individual Scholarship 7,550
    Anderson Mark - Mesa
    700 S Summit View Drive
    Fort Collins,CO80524     		None I Individual Scholarship 2,000
    Apolis Michelle
    2102 23rd St West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Armstrong Amy - UND
    13679 Hawthorn Loop NW
    Williston,ND58801     		None I Individual Scholarship 3,000
    Askim Giles
    201 9th St East
    Williston,ND58801     		None I Individual Scholarship 3,000
    Babcock Caleb
    1120 5th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Bagley Crystal
    PO Box 772
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Barraza Miranda
    1618 10th Ave West
    Williston,ND58801     		None I Individual Scholarship 7,550
    Bendixson Kinsley
    428 12th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Bercier Tanner R
    722 3rd Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Beretta Luca
    2520 University Ave
    Grand Forks,ND58203     		None I Individual Scholarship 2,000
    Bickler Erick
    2312 55th St S Apt 306
    Fargo,ND58104     		None I Individual Scholarship 3,000
    Black Ashley
    3515 Cherry Street
    Grand Forks,ND58201     		None I Individual Scholarship 7,550
    Borseth Dylan
    1219 E Hillcourt
    Williston,ND58801     		None I Individual Scholarship 2,000
    Bosley Morgan
    1100 N Broadway Apt 304
    Minot,ND58703     		None I Individual Scholarship 2,000
    Boston Sarah
    413 11th Street East
    Williston,ND58801     		None I Individual Scholarship 4,550
    Branham Marissa
    4735 141st Ave NW
    Williston,ND58801     		None I Individual Scholarship 1,000
    Bratcher Bryn
    1802 23rd St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Bratcher Jaxen - UND
    1802 23rd St West
    Williston,ND58801     		None I Individual Scholarship 7,550
    Brimhall Betsy
    PO Box 1060
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Brimhall Clara
    PO Box 1060
    Tioga,ND58852     		None I Individual Scholarship 4,000
    Brown William
    3624 3rd Ave East
    Williston,ND58801     		None I Individual Scholarship 2,000
    Burgess Sarah
    1719 50th St South
    Fargo,ND58103     		None I Individual Scholarship 3,000
    Burt Kimber
    PO Box 819
    Tioga,ND58852     		None I Individual Scholarship 7,550
    Cancade Tenlee
    PO Boc 643
    Ray,ND58849     		None I Individual Scholarship 4,000
    Carmichael Carrie Frances
    223 32nd St East Apt 106
    Williston,ND58801     		None I Individual Scholarship 1,000
    Carr Madelyn
    PO Box 1664
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Cohoe Matthew
    4928 Valley View Drive
    Williston,ND58801     		None I Individual Scholarship 7,550
    Cote Haley
    1113 University Ave
    Williston,ND58801     		None I Individual Scholarship 1,000
    Dean Haley
    1413 Territorial Hwy
    Cottage Grove,OR97424     		None I Individual Scholarship 2,000
    Dean McKenzy MCC
    10430 72nd St NW
    Tioga,ND58852     		None I Individual Scholarship 2,000
    Dean Tayla IBS
    1413 Territorial Highway
    Cottage Grove,OR97424     		None I Individual Scholarship 3,000
    Decker Ethan
    3700 Southridge Lane
    Bismarck,ND58504     		None I Individual Scholarship 3,000
    Di Iorio Mia
    5620 111th Ave NW
    Ray,ND58849     		None I Individual Scholarship 1,000
    Doeden Brady
    1214 Knoll St
    Williston,ND58801     		None I Individual Scholarship 4,000
    Doeden Caleb MN
    1214 Knoll St
    Williston,ND58801     		None I Individual Scholarship 4,000
    Dolan Maari
    PO Box 32
    Ray,ND58849     		None I Individual Scholarship 7,550
    Donnelly Emily
    1100 N Broadway Apt 404
    Minot,ND58703     		None I Individual Scholarship 4,000
    Doyle Jamie
    1421 Chesapeake Lane
    Billings,MT59101     		None I Individual Scholarship 7,550
    Enander Johannes
    8236 149th Ave NW
    Grenora,ND58845     		None I Individual Scholarship 1,000
    Everson Leif - MSU
    405 14th St East
    Williston,ND58801     		None I Individual Scholarship 7,550
    Falcon Joren DA
    325 18th Street East
    Williston,ND58801     		None I Individual Scholarship 4,550
    Fearing Katherine
    610 13th St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Fearing Lauren
    610 13th St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Fetzer Amanda
    1514 10th Ave N
    Grand Forks,ND58203     		None I Individual Scholarship 4,000
    Fetzer Laura
    1514 10th Ave N
    Grand Forks,ND58203     		None I Individual Scholarship 2,000
    Fisketjon Alyx Payton
    2403 27th Ave South Apt 812
    Grand Forks,ND58201     		None I Individual Scholarship 2,000
    Folvag Brynn
    PO Box 73
    Grenora,ND58845     		None I Individual Scholarship 3,000
    Frazier Kyna Western
    PO Box 243
    Grenora,ND58845     		None I Individual Scholarship 2,000
    Furuseth Maren
    1311 3rd Ave West
    Williston,ND58801     		None I Individual Scholarship 4,550
    Gathman Grant
    1918 22nd St West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Gathman Molly
    1918 22nd St West
    Williston,ND58801     		None I Individual Scholarship 6,550
    Gaudreau Patrick
    2220 Wyoming Ave
    Billings,MT59102     		None I Individual Scholarship 1,000
    Gendreau Breck
    1119 2nd Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Germundson Danielle
    3700 Rimrock Rd Apt 414
    Grand Forks,ND58201     		None I Individual Scholarship 7,550
    Germundson Jason
    60 70th St East
    Williston,ND58801     		None I Individual Scholarship 3,000
    Germundson Jodi
    60 70th St East
    Williston,ND58801     		None I Individual Scholarship 7,550
    Germundson Tanner
    60 70th St East
    Williston,ND58801     		None I Individual Scholarship 2,000
    Glueckert Kevin
    923 4th St West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Goebel John C
    1321 University Ave
    Williston,ND58801     		None I Individual Scholarship 2,000
    Grindeland Colby
    807 4th Ave E
    Wililston,ND58801     		None I Individual Scholarship 1,000
    Guritz Erin UND
    900 4th Ave NW
    Minot,ND58703     		None I Individual Scholarship 2,000
    Haase Justine - U of Mary
    PO Box 727
    Ray,ND58849     		None I Individual Scholarship 3,000
    Hall Katelyn
    1628 20th Ave East
    Williston,ND58801     		None I Individual Scholarship 4,000
    Hanson Reed
    1806 4th Ave E
    Williston,ND58801     		None I Individual Scholarship 4,000
    Hanson Sawyer J
    2506 12th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Hanson Shelby Colorado
    1209 1st Ave East
    Williston,ND58801     		None I Individual Scholarship 3,000
    Hardcastle Charles
    14033 Prairie Lane
    Williston,ND58801     		None I Individual Scholarship 1,000
    Harstad Taya
    4022 4th Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Haskins Cole
    2217 9th Ave East
    Williston,ND58801     		None I Individual Scholarship 4,000
    Haugenoe Mason
    305 14th St East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Helstad Jalyn
    2413 22nd St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Herring Michael
    923 Barrington Drive
    Cedar Falls,IA50613     		None I Individual Scholarship 7,550
    Hildebrandt Kristina
    1535 Creekside Drive West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Hill Garret
    815 15th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Hodenfield Garrett
    6683 119th Ave NW
    Ray,ND58849     		None I Individual Scholarship 6,550
    Hodnefield Abigail
    6450 133rd Ave NW
    Williston,ND58801     		None I Individual Scholarship 1,000
    Hollingshead Paige
    PO Box 1054
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Huschka Abagale
    1408 5th Ave SE
    Minot,ND58701     		None I Individual Scholarship 2,000
    Iverson Sara
    5689 106th Ave NW
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Johnson Hannah - UND
    8765 146th Ave NW
    Grenora,ND58845     		None I Individual Scholarship 4,000
    Jones Cutter
    2402 15th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Jorgenson Logan Kansas
    5125 Overland Drive Unit E3
    Lawrence,KS66049     		None I Individual Scholarship 7,550
    Jorgenson Marlee May
    1412 4th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Jorgenson Tucker
    5757 145th Ave NW
    Williston,ND58801     		None I Individual Scholarship 3,000
    Jungels Ciara
    804 16th Street West
    Williston,ND58801     		None I Individual Scholarship 4,550
    Jungels Trey
    804 16th Street West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Kemp Adam
    4951 Lakeview Loop
    Williston,ND58801     		None I Individual Scholarship 3,000
    Kemp Hayden
    4951 Lakeview Loop
    Williston,ND58801     		None I Individual Scholarship 4,000
    Kennell Casey
    PO Box 55
    Tioga,ND58852     		None I Individual Scholarship 4,000
    Ketelsen Emily
    1730 40th Ave S Apt 212
    Moorhead,MN56560     		None I Individual Scholarship 2,000
    Kidder Gracie
    132 Sheridan Sr
    Dagmar,MT59219     		None I Individual Scholarship 1,000
    Klassen Koby
    14709 Mortenson St
    Williston,ND58801     		None I Individual Scholarship 2,000
    Knox Danika
    PO Box 572
    Ray,ND58849     		None I Individual Scholarship 4,000
    Knudsen Torgun
    1503 2nd Ave East
    Williston,ND58801     		None I Individual Scholarship 2,000
    Knudson Dantae Storm - NB
    PO Box 82
    Tioga,ND58852     		None I Individual Scholarship 4,550
    Kohler Jamie
    2418 15th Ave W
    Williston,ND58801     		None I Individual Scholarship 7,550
    Kreil Emily
    PO Box 476
    Williston,ND58801     		None I Individual Scholarship 3,000
    Larsen Alissa
    1502 6th Ave West
    Williston,ND58801     		None I Individual Scholarship 7,550
    Larson Abigail Missouri
    6568 103rd Ave NW
    Tioga,ND58852     		None I Individual Scholarship 4,550
    Larson Jeremy Alan
    2700 20th Ave SW Apt 103
    Minot,ND58701     		None I Individual Scholarship 3,488
    Larson Taylor Nichole
    2700 20th Ave SW Apt 103
    Minot,ND58701     		None I Individual Scholarship 3,488
    Ledahl Samantha
    9005 137th Ave NW
    Zahl,ND58856     		None I Individual Scholarship 4,000
    Lee Derek
    13937 Antelope Dr
    Williston,ND58801     		None I Individual Scholarship 1,000
    Leibrand Noelle
    808 13th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Longie Karter
    6635 Highway 40
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Longie Kass - UW
    424 W Mifflin St Apt 102
    Madison,WI53703     		None I Individual Scholarship 3,000
    Longtin Logan - Minot
    705 Park St Apt 17
    Minot,ND58701     		None I Individual Scholarship 4,550
    Lovgren Eleni
    816 3rd Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Mack Karter
    114 8th St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Mack Kole
    114 8th St West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Maddock Kelli Florida
    5139 10th Ave S
    Fargo,ND58103     		None I Individual Scholarship 7,550
    Marburger Ava
    1620 Creekside Drive West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Martin Conner
    1503 5th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Martin Raleigh
    1503 5th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Mathers Angela
    Hanzelkova 2657125
    Prague,ND16000     		None I Individual Scholarship 7,550
    McKenzie Hannah - Western
    4901 127th Ave NW
    Williston,ND58801     		None I Individual Scholarship 4,550
    Mehlhoff Madison Dickinson
    13936 Antelope Drive
    Williston,ND58801     		None I Individual Scholarship 4,000
    Melland Kyla
    505 13th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Melland Tessa
    505 13th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Melling John
    916 Box Elder St
    Williston,ND58801     		None I Individual Scholarship 3,000
    Michaelson Paul - Creighton
    511 N 47th Street
    Omaha,NE68132     		None I Individual Scholarship 3,000
    Miller Camdin Univ of MN
    509 12th St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Miller Madison A
    4930 Valley View Drive
    Williston,ND58801     		None I Individual Scholarship 2,000
    Miller Sadie - Univ of Kansas
    8310 Woodward Street
    Overland Park,KS66212     		None I Individual Scholarship 7,550
    Mischke Kyle
    2125 Bison Dr
    Williston,ND58801     		None I Individual Scholarship 2,000
    Moe Alexis Fixen - U of M
    2101 12th Ave West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Moss Kaylee
    2817 24th St West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Myers Lonnie
    814 Bar Five Ranch Road
    Rapid City,SD57703     		None I Individual Scholarship 4,000
    Nehring Colby
    1543 Creekside Drive West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Neil Jennifer Ann
    1515 48th St West
    Williston,ND58801     		None I Individual Scholarship 2,000
    Nicholson Carly-Anne
    419 6th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Njos Megan
    1315 1st Ave East
    Williston,ND58801     		None I Individual Scholarship 2,000
    Noeske Avery
    2109 University Ave
    Williston,ND58801     		None I Individual Scholarship 1,000
    Norby Jadin
    4905 Prairie Lane
    Williston,ND58801     		None I Individual Scholarship 6,550
    Norgaard Adeline
    PO Box 891
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Ogaard Alysse
    630 1st Ave N Apt 405
    Fargo,ND58102     		None I Individual Scholarship 3,000
    Olson Karli - U of Mary
    8063 111th Ave NW
    Wildrose,ND58795     		None I Individual Scholarship 3,000
    Oster Madelyn
    302 6th Ave East
    Ray,ND58849     		None I Individual Scholarship 1,000
    Overland Tracer - UND
    1227 13th Ave W
    Williston,ND58801     		None I Individual Scholarship 7,550
    Owens Caleb UND
    1520 2nd Ave East
    Williston,ND58801     		None I Individual Scholarship 3,000
    Pacheco Isaac
    837 S Willow Park Drive
    Lehi,UT840436639     		None I Individual Scholarship 4,000
    Pacheco Joseph
    5469 Matthew Ave
    Williston,ND58801     		None I Individual Scholarship 4,000
    Paine Jeremiah
    15145 98th St NW
    Westby,MT59275     		None I Individual Scholarship 2,000
    Pederson Ella Western
    11 20th St East
    Williston,ND58801     		None I Individual Scholarship 4,550
    Pederson Kaden
    212 5th St NW PO Box 631
    Tioga,ND58852     		None I Individual Scholarship 4,000
    Petersen Carsen Gene
    13906 Western Way
    Williston,ND58801     		None I Individual Scholarship 1,000
    Peterson Bailey
    13482 79th St NW
    Alamo,ND58830     		None I Individual Scholarship 7,550
    Peterson Kinley Univ of Mary
    13482 79th St NW
    Alamo,ND58830     		None I Individual Scholarship 3,000
    Pippin Bethanie
    PO Box 2773
    Williston,ND58801     		None I Individual Scholarship 4,550
    Pippin Helene - Pacific
    PO Box 2773
    Williston,ND58801     		None I Individual Scholarship 7,550
    Pippin Sarah - UND
    2303 Shoal Loop SE 216
    Mandan,ND58554     		None I Individual Scholarship 3,000
    Poeckes Christina
    808 70th St East
    Williston,ND58801     		None I Individual Scholarship 4,550
    Potty Melvina
    4701 11th Ave West Apt 406
    Williston,ND58801     		None I Individual Scholarship 1,000
    Qvale Elise
    9269 Silver Glen Way
    Lake Worth,FL33467     		None I Individual Scholarship 3,000
    Radtke Blaine
    5160 44th Ave S Apt 310
    Fargo,ND58104     		None I Individual Scholarship 2,000
    Ramberg Grace
    PO Box 854
    Tioga,ND58852     		None I Individual Scholarship 2,000
    Raulston Mya
    5384 134th Ave NW
    Williston,ND58801     		None I Individual Scholarship 2,000
    Ray Brooklynn
    PO Box 614
    Ray,ND58849     		None I Individual Scholarship 1,000
    Ray Logan OK
    PO Box 614
    Ray,ND58849     		None I Individual Scholarship 4,000
    Rehak Kaitlyn
    303 11th Street East
    Williston,ND58801     		None I Individual Scholarship 4,000
    Rehak Parker
    303 11th Street East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Reinertson Michaela
    5427 132nd Ave NW
    Willistonm,ND58801     		None I Individual Scholarship 4,000
    Reinke Ann - NDSU
    1435 33rd St S Apt 103
    Fargo,ND58103     		None I Individual Scholarship 4,000
    Remus Connor Dean
    750 S 43rd St Apt 114
    Grand Forks,ND58201     		None I Individual Scholarship 7,550
    Renicker Amanda
    811 4th Ave W
    Williston,ND58801     		None I Individual Scholarship 2,000
    Richter Matthew
    1900 Crest Street
    Williston,ND58801     		None I Individual Scholarship 4,000
    Rickett Alan
    925 15th Ave West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Ring Shannon
    210 65th St East
    Williston,ND58801     		None I Individual Scholarship 4,000
    Rossland Olivia
    13944 Antelope Drive
    Williston,ND58801     		None I Individual Scholarship 2,000
    Roth Katherine
    PO Box 465
    Jamestown,ND58402     		None I Individual Scholarship 4,550
    Rude Parker
    4924 Country Lane
    Williston,ND58801     		None I Individual Scholarship 2,000
    Rudningen Spencer A
    PO Box 37
    Dagmar,MT59219     		None I Individual Scholarship 1,000
    Rustand Karrin
    4966 Lakeview Loop
    Williston,ND58801     		None I Individual Scholarship 1,000
    Salinas Reanna
    10398 65th St NW
    Tioga,ND58852     		None I Individual Scholarship 2,000
    Sanders Maelyn
    PO Box 425
    Tioga,ND58852     		None I Individual Scholarship 3,000
    Sandoval -Del Rio Alicia NDSU
    906 1st Ave W
    Williston,ND58801     		None I Individual Scholarship 4,000
    Sathe Christopher UND
    3900 S 11th St Apt 102
    Grand Forks,ND58201     		None I Individual Scholarship 2,000
    Schmidt Bethany
    7025 106th Ave NW
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Schmit Ellie
    1219 4th Ave East
    Williston,ND58801     		None I Individual Scholarship 2,000
    Schmit Kennon
    1219 4th Ave E
    Williston,ND58801     		None I Individual Scholarship 2,000
    Semenko Shannon
    4981 Everson Drive
    Williston,ND58801     		None I Individual Scholarship 7,550
    Senior Logan T
    505 North 25th Street
    Grand Forks,ND58203     		None I Individual Scholarship 3,000
    Senior Sydney
    5626 Border Avenue
    Williston,ND58801     		None I Individual Scholarship 1,000
    Sheets Denver
    5781 140th Ave NW
    Williston,ND58801     		None I Individual Scholarship 4,000
    Sigvaldsen Abby
    5791 128th Dr NW
    Epping,ND58843     		None I Individual Scholarship 3,000
    Sime Jenna
    5469 139th Ave NW
    Williston,ND58801     		None I Individual Scholarship 2,000
    Sime Kaelyn
    5469 139th Ave NW
    Williston,ND58801     		None I Individual Scholarship 1,000
    Skabo Peyton
    7566 102nd Ave NW
    Tioga,ND58852     		None I Individual Scholarship 2,000
    Skor Brendon OK
    2331 17th Circle West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Skor Ian
    2331 17th Circle West
    Williston,ND58801     		None I Individual Scholarship 3,000
    Slotsve Benson - Minot
    1908 16th Court West
    Williston,ND58801     		None I Individual Scholarship 2,000
    Smith Alexis - Minot
    7853 Highway 85
    Zahl,ND58856     		None I Individual Scholarship 2,000
    Smith Candi
    1321 Goldenwood Drive
    West Fargo,ND58078     		None I Individual Scholarship 3,000
    Smith Connor
    6094 Highway 85
    Williston,ND58801     		None I Individual Scholarship 2,000
    Snellings Landen
    1002 2nd Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Solberg Emma
    904 2nd Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Solomonson Grace
    1302 4th Ave East
    Williston,ND58801     		None I Individual Scholarship 4,000
    Squires Morgan Tyler
    13835 Cottonwood Street
    Williston,ND58801     		None I Individual Scholarship 4,000
    St Pierre Alexa
    PO Box 11
    Trenton,ND58853     		None I Individual Scholarship 3,000
    St Pierre Alyssa
    PO Box 11
    Trenton,ND58853     		None I Individual Scholarship 3,000
    Staal Timothy
    PO Box 1704
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Steimer II Tobias Alexander
    2415 24th Ave West Apt 307
    Williston,ND58801     		None I Individual Scholarship 1,000
    Stensland Allison Layne
    719 1st Ave East
    Williston,ND58801     		None I Individual Scholarship 3,000
    Strand Chesni
    5542 139th Ave NW
    Williston,ND58801     		None I Individual Scholarship 3,000
    Teghen Keng Praise
    2702 23rd St West
    Williston,ND58801     		None I Individual Scholarship 1,000
    Thompson Halsten
    806 15th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Tong Andrew
    1138 E Elm Street
    Tucson,AZ85719     		None I Individual Scholarship 4,000
    Tong Emma
    1616 4th Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Urbi Angelica V - Auburn
    513 2nd Ave
    Williston,ND58801     		None I Individual Scholarship 3,000
    Vachal Lindsey
    5049 100th Ave NW
    White Earth,ND58794     		None I Individual Scholarship 1,000
    Vader Hailey
    2101 24th St West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Valliere Asha
    PO Box 533
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Wagner Vanessa Monsaive
    1905 24th St West
    Williston,ND58801     		None I Individual Scholarship 2,000
    Watterson Morgan NDSU
    7389 21st St South
    Fargo,ND58104     		None I Individual Scholarship 7,550
    Watterud Sierra
    1619 4th Ave East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Wenstad Kaia
    1822 15th Ave West
    Williston,ND58801     		None I Individual Scholarship 4,000
    Whitlock Graicen NW
    PO Box 873
    Powell,WY82435     		None I Individual Scholarship 2,000
    Williston State College Foundation
    PO Box 1286
    Williston,ND58801     		None PC To support the individual scholarship fund 200,000
    Wilt Jacob Total
    211 22nd St East
    Williston,ND58801     		None I Individual Scholarship 1,000
    Wolfe Mikayla
    301 West Bison Court
    Fargo,ND58102     		None I Individual Scholarship 4,000
    Wonser Ethan
    PO Box 665
    Tioga,ND58852     		None I Individual Scholarship 1,000
    Zaste Braeden
    4848 Hwy 85 Lot 317
    Williston,ND58801     		None I Individual Scholarship 2,000
    Cutter Ledahl
    402 Robinson St
    Grenora,ND58845     		None I Pilgrimage for Youth Educational Trip 1,333
    Jordan Stauffer
    1201 9th Ave NW
    Williston,ND58801     		None I Pilgrimage for Youth Educational Trip 1,333
    Imagination Library
    PO Box 1407
    Williston,ND58802     		None PC General Support 1,000
    Lucas Olson
    215 West St
    Ray,ND58849     		None I Pilgrimage for Youth Educational Trip 1,334
    Total .................................bullet 3a 935,150
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 193  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 16,917  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 411,343  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 2,392,713 19,730
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,412,443
    (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.)
    1a The revenue reported on line 1 represents the program related interest that was collected on the student loans made to qualifying students.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting 48,290 0   48,290

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Farmers Union Elevator 30 30
    SPDR Portfolio S&P 600 Small Cap 174,107 174,107
    Thornburg LTD Term Income CL I 220,110 220,110
    JPMorgan Equity Income CL I 192,802 192,802
    JPMorgan Core Plus Bond CL I 211,027 211,027
    SPDR Portfolio S&P 500 Value TF 185,978 185,978
    Pimco Income CL I2 246,563 246,563
    Pinoeer Fundamental Growth CL Y 351,331 351,331
    PGIM High Yield Cl Z 148,511 148,511
    Ishares MSCI EAFE Min Volatility Factor ETF 246,149 246,149
    Ishares MSCI USA Min Volatility Factor ETF 461,912 461,912
    BNY Mellon Global Fixed Income CL I 242,828 242,828
    BNY Mellon Small Mid Cap Growth CL I 105,809 105,809
    Ishares Gold Trust New 102,690 102,690
    AB Small Cap GRW Adv 34,742 34,742
    Artisan Mid Cap Value 381,568 381,568
    Baron Growth Institutional 40,060 40,060
    Blackrock Equity Dividend 884,618 884,618
    Blackrock Hi Yield BD PTF Ins 282,943 282,943
    Blackrock Low Dur BD Inv Ints 839,262 839,262
    Cambiar Small Cap Inv 98,329 98,329
    Columbia Select LG Cap GW I 209,813 209,813
    Delaware Ivy Mid Cap 226,407 226,407
    Harding Loevner Emerg Mkts Adv 731,644 731,644
    Invesco Intl Growth Y 1,657,384 1,657,384
    Invesco Small Cap Value Y 105,593 105,593
    Metropolitan West Tot Ret BD I 1,019,326 1,019,326
    Oakmark Fund Advisor 717,635 717,635
    Pioneer Fundamental Growth Y 649,813 649,813
    Western Asset Core Plus BD I 958,506 958,506
    Ishares TR Core S&P 500 ETF 742,755 742,755
    Ishares TR Core Total USD 649,862 649,862
    Ishares TR EAFE Grwth ETF 112,284 112,284
    Ishares TR EAFE Value ETF 226,852 226,852
    Ishares TR ESG AWR MSCI USA 431,833 431,833
    Ishares TR Faln Angls USD 150,674 150,674
    Ishares TR MBS ETF 150,720 150,720
    Ishares TR US Energy ETF 34,384 34,384
    Ishares TR US Treas BD ETF 461,437 461,437
    Ishares US ETF TR CSCI Cmdty Stgy 38,197 38,197
    Ishares Inc MSCI Merg Mrkt 133,974 133,974
    Ishares 10-20 Yr TRS EFT 70,047 70,047
    Ishares TR Conv BD ETF 56,390 56,390
    Ishres TR Core High DV ETF 72,912 72,912
    Ishares TR SP SMCP600VL ETF 54,308 54,308
    Ishares TR Tips BD ETF 205,038 205,038
    Ishares TR US Infrastruc 36,355 36,355

    TY 2021 InvestmentsLandSchedule2
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 62,260 0 62,260 723,500

    TY 2021 LegalFeesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal 39,486 9,871   29,615


    TY 2021 OtherAssetsSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Mineral Rights     4,437,500


    TY 2021 OtherDecreasesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Description Amount
    Unrealized Gains and Losses 4,342,021
    Prior Period Adjustment for Return of PY UN Pilgrimage for Youth payments 2,000


    TY 2021 OtherExpensesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative 320 0   320


    TY 2021 OtherIncomeSchedule2
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Oil Royalties 857,028 857,028 857,028
    Interest on student loans 19,730 19,730 19,730


    TY 2021 OtherIncreasesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Description Amount
    Return of PY Scholarships Issued 6,475


    TY 2021 OtherNotesLoansRcvblShortSch2
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Name of 501(c)(3) Organization Balance Due
    Student Loans
          		0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Advisor fees 203,259 203,259   0


    TY 2021 TaxesSchedule
    Name:
    Alva J Field Memorial Trust
    EIN:
    45-6010789
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Taxes Paid 41,882 0   0
    Real Estate Taxes 2,928 2,928   0