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

20-3982052
B Telephone number (see instructions)

(952) 674-2852
C 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$7,150,427J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,167 2,167  
4 Dividends and interest from securities... 174,185 171,792  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 439,842
b Gross sales price for all assets on line 6a 602,934
7 Capital gain net income (from Part IV, line 2)... 454,611
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
List of Attached Documents:
// Content
33,458 29,198  
12 Total. Add lines 1 through 11........ 649,652 657,768  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,260 3,710   7,550
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
91,154 91,154   0
17 Interest............... 10,202 10,202   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
39,255 17,474   0
19 Depreciation (attach schedule) and depletion... 891 891  
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
20,838 15,476   108
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 173,600 138,907   7,658
25 Contributions, gifts, grants paid....... 427,000 427,000
26 Total expenses and disbursements. Add lines 24 and 25 600,600 138,907   434,658
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 49,052
b Net investment income (if negative, enter -0-) 518,861
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.............      
2 Savings and temporary cash investments......... 40,257 57,820 57,820
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)....... 3,880,399 Click to see attachment
List of Attached Documents:
// Content
3,985,829 		5,365,939
c Investments—corporate bonds (attach schedule).......      
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).......... 1,857,441 Click to see attachment
List of Attached Documents:
// Content
1,783,500 		1,726,668
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,778,097 5,827,149 7,150,427
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 5,778,097 5,827,149
29 Total net assets or fund balances (see instructions)..... 5,778,097 5,827,149
30 Total liabilities and net assets/fund balances (see instructions). 5,778,097 5,827,149
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,778,097
2
Enter amount from Part I, line 27a .....................
2
49,052
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
5,827,149
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
5,827,149
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 PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - GEN P    
b PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - GEN P    
c PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - GEN P    
d PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND (1256) - GEN P    
e PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - SEG P    
PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - SEG P    
PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND - SEG P    
PASS THROUGH GAIN NON-TRADITIONAL STRATEGIES FUND (1256) - SEG P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - GEN P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - GEN P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - GEN P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND (1256) - GEN P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - SEG P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - SEG P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND - SEG P    
PASS THROUGH GAIN MULTI-ASSET STRATEGIES FUND (1256) - SEG P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - GEN P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - GEN P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - SEG P    
PASS THROUGH GAIN DIVERSIFYING STRATEGIES FUND - SEG P    
PASS THROUGH GAIN INTERNATIONAL EQUITY FUND II - GEN P    
PASS THROUGH GAIN INTERNATIONAL EQUITY FUND II - GEN P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - GEN P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - GEN P    
PASS THROUGH GAIN EMERGING MARKETS EQUITY FUND - GEN P    
PASS THROUGH GAIN US ALL CAP FUND - SEG P    
PASS THROUGH GAIN US ALL CAP FUND - SEG P    
PASS THROUGH GAIN INTERNATIONAL EQUITY FUND II - SEG P    
PASS THROUGH GAIN INTERNATIONAL EQUITY FUND II - SEG P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - SEG P    
PASS THROUGH GAIN GLOBAL EQUITY FUND - SEG P    
PASS THROUGH GAIN EMERGING MARKETS EQUITY FUND - SEG P    
SCHWAB - SEG P    
SCHWAB - GEN P    
SCHWAB - THE MOSAIC CO 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 302     302
b 1,064     1,064
c     2 -2
d 124     124
e 2,136     2,136
7,647     7,647
    12 -12
870     870
    10,470 -10,470
629     629
277   277 0
296     296
    50,709 -50,709
3,049     3,049
1,343   1,343 0
1,440     1,440
2,817   166 2,651
    109 -109
17,032   1,005 16,027
    656 -656
    475 -475
4,500     4,500
138     138
9,671     9,671
    20 -20
6,372     6,372
307,786     307,786
    6,237 -6,237
    9,146 -9,146
    146 -146
103,988     103,988
    116 -116
    13,515 -13,515
    11,142 -11,142
131,453   42,777 88,676
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       302
b       1,064
c       -2
d       124
e       2,136
      7,647
      -12
      870
      -10,470
      629
      0
      296
      -50,709
      3,049
      0
      1,440
      2,651
      -109
      16,027
      -656
      -475
      4,500
      138
      9,671
      -20
      6,372
      307,786
      -6,237
      -9,146
      -146
      103,988
      -116
      -13,515
      -11,142
      88,676
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 2 454,611
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 7,212
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 7,212
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 7,212
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 7,129
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,129
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 1,917
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow1,917 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 arrowSARA SCHAFFLER Telephone no.right arrow (952) 674-2800

Located atright arrowPO BOX 5628MINNEAPOLISMN ZIP+4right arrow55440
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
HAROLD S REED PRESIDENT & DIRECTOR
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
KATE M REED VICE PRESIDENT & DIRECTOR
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
SARA SCHAFFLER SECRETARY & TREASURER
0.25 		0 0 0
PO BOX 5628
MINNEAPOLIS,MN554405628
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................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
8,623,556
b
Average of monthly cash balances.......................
1b
176,727
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,800,283
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
8,800,283
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
132,004
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,668,279
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
433,414
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
433,414
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
7,212
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
1,020
c
Add lines 2a and 2b............................
2c
8,232
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
425,182
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
425,182
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
425,182
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
434,658
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
434,658
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 7 425,182
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 426,850
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 434,658
a Applied to 2021, but not more than line 2a 426,850
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..... 7,808
e Remaining amount distributed out of corpus 0
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 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 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 .......... 		417,374
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) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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).)
HAROLD S REED
KATE M REED
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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

1000 FRIENDS OF FLORIDA INC

PO BOX 5948
TALLAHASSEE,FL32314 		NONE PUBLIC CHARITY UNRESTRICTED 7,000

ADOPT-A-FAMILY OF THE PALM BEACHES INC

1712 SECOND AVE NO
PALM BEACH,FL334603210 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

AMERICAN RED CROSS

2025 E STREET NW
WASHINGTON,DC20006 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

BALSAM MOUNTAIN TRUST

81 PRESERVE ROAD
SYLVA,NC28779 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

BANNER LAKE CLUB

PO BOX 1875
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

BIG DOG RANCH RESCUE

14444 OKEECHOBEE BLVD
LOXAHATCHEE GROVES,FL33470 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

BOYS & GIRLS CLUBS OF MARTIN COUNTY

9537 SE OLYMPUS STREET
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

CHILDREN'S DEFENSE FUND

840 FIRST STREET NE SUITE 300
WASHINGTON,DC20002 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

BUSCH WILDLIFE SANCTUARY

2500 JUPITER PARK DRIVE
JUPITER,FL33458 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CENTER FOR INTERNATIONAL ENVIRONMENTAL LAW

1101 15TH STREET NW SUITE 100
WASHINGTON,DC20005 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

CHARLESTON HOPE

PO BOX 21315
CHARLESTON,SC29414 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHEETAH CONSERVATION FUND

PO BOX 2496
ALEXANDRIA,VA22301 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

CHILDREN'S HOME SOCIETY OF FLORIDA

5766 S SEMORAN BLVD
ORLANDO,FL32822 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

CHRIST MEMORIAL CHAPEL

PO BOX 582
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

CLEAN OCEAN ACCESS

21 JOHN CLARKE ROAD
MIDDLETOWN,RI02842 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

COLLEGE OF CHARLESTON FOUNDATION

66 GEORGE STREET
CHARLESTON,SC294240001 		NONE PUBLIC CHARITY HALSEY INSTITUTE OF CONTEMPORARY ART 5,000

CONSERVATION FUND

1655 N FORT MYER DRIVE
ARLINGTON,VA22209 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

CROS MINISTRIES

3677 23RD AVE S 8-101
LAKE WORTH,FL33461 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

DEFENDERS OF WILDLIFE

1130 17TH ST NW
WASHINGTON,DC20036 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

DELAWARE FUTURES

1104 NORTH ADAMS STREET
WILMINGTON,DE19801 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

DIRECT RELIEF

6100 WALLACE BECKNELL ROAD
SANTA BARBARA,CA93117 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

EVERGLADES FOUNDATION

18001 OLD CUTLER ROAD SUITE 625
PALMETTO BAY,FL33157 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

EVERY MOTHER COUNTS

333 HUDSON STREET SUITE 1006
NEW YORK,NY10013 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

FAMILY PROMISE INC

71 SUMMIT AVE
SUMMIT,NJ07901 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FEED MY STARVING CHILDREN

401 93RD AVE NW
COON RAPIDS,MN55433 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FEED THE HUNGRY PANTRY OF PALM BEACH COUNTY

8306 155TH PLACE NORTH
PALM BEACH GARDENS,FL33418 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

FEEDING AMERICA

161 NORTH CLARK STREET SUITE 700
CHICAGO,IL60601 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

FIRST TEE-GREATER CHARLESTON

321 WINGO WAY
MOUNT PLEASANT,SC29464 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

FLORIDA AUDOBON SOCIETYY

4500 BISCAYNE BLVD
MIAMI,FL33137 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

FRIENDS OF MACARTHUR BEACH STATE PARK

10900 JACK NICKLAUS DRIVE
NORTH PALM BEACH,FL33408 		NONE PUBLIC CHARITY NATURAL SCIENCE EDUCATION FUND ENDOWMENT CAMPAIGN 2,000

GUARDIANS OF MARTIN COUNTY INC

PO BOX 1489
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

HEIFER PROJECT INTERNATIONAL

1 WORLD AVENUE
LITTLE ROCK,AR72202 		NONE PUBLIC CHARITY UNRESTRICTED 9,000

HIBISCUS CHILDRENS CENTER INC

PO BOX 1406
JENSEN BEACH,FL34958 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

HIGH POINT UNIVERSITY

ONE UNIVERSITY PARKWAY
HIGH POINT,NC27268 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

HISTORICAL SOCIETY OF PALM BEACH COUNTY

PO BOX 4364
WEST PALM BEACH,FL33402 		NONE PUBLIC CHARITY UNRESTRICTED 3,000

HOBE SOUND COMMUNITY CHEST

PO BOX 511
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

HOBE SOUND NATURE CENTER

PO BOX 214
HOBE SOUND,FL33475 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

HOPE LEARNING ACADEMY

1628 W WASHINGTON BLVD
CHICAGO,IL60612 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

HOUSE OF HOPE INC

2484 SE BONITA STREET
STUART,FL34997 		NONE PUBLIC CHARITY UNRESTRICTED 3,000

INNERCITY TENNIS FOUNDATION

4005 NICOLLET AVE
MINNEAPOLIS,MN55409 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

INTERNATIONAL FUND FOR ANIMAL WELFARE

290 SUMMER STREET
YARMOUTH PORT,MA02675 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

JUPITER ISLAND MEDICAL CENTER

100 ESTRADA SQUARE
HOBE SOUND,FL33455 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

LEWIS & CLARK COLLEGE

615 SW PALATINE ROAD
PORTLAND,OR972197899 		NONE PUBLIC CHARITY EMILY D. REED SCHOLARSHIP FUND 5,000

LOAVES AND FISHES INC

206 EAST 8TH STREET
APOPKA,FL32703 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

LOVE AND HOPE IN ACTION

PO BOX 1385
PT SALERNO,FL34992 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

MATTHEW 25 MINISTRIES INC

PO BOX 203
PAHOKEE,FL33476 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

NATIONAL TRUST FOR SCOTLAND USA

45 SCHOOL STREET 3RD FLOOR
BOSTON,MA02108 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

NATURE CONSERVANCY

4245 N FAIRFAX DRIVE SUITE 100
ARLINGTON,VA222031606 		NONE PUBLIC CHARITY UNRESTRICTED 25,000

OCEAN CONSERVANCY INC

1300 19TH STREET NW 8TH FLOOR
WASHINGTON,DC20036 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

OPPORTUNITY INTERNATIONAL

7005 OXFORD STREET
ST LOUIS PARK,MN55426 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

ORPHAN GRAIN TRAIN

PO BOX 1466
NORFOLK,NE68702 		NONE PUBLIC CHARITY UNRESTRICTED 13,500

PLACE OF HOPE

9078 ISAIAH LANE
PALM BEACH GARDENS,FL33418 		NONE PUBLIC CHARITY UNRESTRICTED 1,000

PORTER-GAUD FOUNDATION

300 ALBEMARLE ROAD
CHARLESTON,SC29407 		NONE PUBLIC CHARITY UNRESTRICTED 30,000

SAFESPACE INC

612 SE DIXIE HWY
STUART,FL34994 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

SURFRIDER FOUNDATION

PO BOX 33687
PALM BEACH GARDENS,FL33420 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

THE BENJAMIN SCHOOL

11000 ELLISON WILSON ROAD
NORTH PALM BEACH,FL33408 		NONE PUBLIC CHARITY LEAPS AND BOUNDS CAPITAL CAMPAIGN 5,000

THE LORDS PLACE

PO BOX 3265
WEST PALM BEACH,FL33402 		NONE PUBLIC CHARITY UNRESTRICTED 20,000

TREASURE COAST FOOD BANK

401 ANGLE ROAD
FT PIERCE,FL34947 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

URBAN YOUTH IMPACT

PO BOX 222592
WEST PALM BEACH,FL334222592 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

WORLD WILDLIFE FUND

1250 24TH STREET NW PO BOX 96555
WASHINGTON,DC200777760 		NONE PUBLIC CHARITY UNRESTRICTED 15,000

YO ART INC

PO BOX 12397
CHARLESTON,SC29422 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

AMERICARES

88 HAMILTON AVE
STANFORD,CT06902 		NONE PUBLIC CHARITY UNRESTRICTED 10,000

BATH & TENNIS CLUB HISTORIC BUILDING PRESERVATION FOUNDATION

1170 SOUTH OCEAN BLVD
PALM BEACH,FL33480 		NONE PUBLIC CHARITY UNRESTRICTED 25,000

BONEFISH & TARPON

2937 SW 27TH AVE SUITE 203
MIAMI,FL33133 		NONE PUBLIC CHARITY UNRESTRICTED 2,500

EVERY TOWN FOR GUN SAFETY SUPPORT FUND

PO BOX 4184
NEW YORK,NY10163 		NONE PUBLIC CHARITY UNRESTRICTED 1,500

FORTUNE SOCIETY INC

29-76 NORTHERN BLVD
LONG ISLAND CITY,NY11101 		NONE PUBLIC CHARITY UNRESTRICTED 2,000

JAMESTOWN ARTS CENTER

PO BOX 97
JAMESTOWN,RI02835 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

NICKLAUS CHILDRENS HOSPITAL FOUNDATION

3100 SW 62 AVE
MIAMI,FL33155 		NONE PUBLIC CHARITY UNRESTRICTED 5,000

START-SOLUTION TO AVOID RED TIDE INC

PO BOX 642
TALLEVAST,FL34270 		NONE PUBLIC CHARITY UNRESTRICTED 3,500
Total .................................right arrow 3a 427,000
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 2,167  
4 Dividends and interest from securities .... 900001 2,393 14 171,792  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property..... 900001   14    
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 900001 4,260 14 29,198  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 439,842  
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) .. 6,653 642,999 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
649,652
(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

TY 2022 AccountingFeesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WAYCROSSE FEES 11,260 3,710   7,550

TY 2022 InvestmentsCorpStockSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Name of Stock End of Year Book Value End of Year Fair Market Value
BOEING CO 28,779 30,478
BORG WARNER INC 15,350 15,698
CANADIAN PACIFIC RAILWAY 14,267 26,107
CATERPILLAR INC 15,466 40,725
CISCO SYSTEMS 9,491 20,247
CORNING INC 21,868 35,453
EMERGING MARKETS EQUITY FUND 150,561 142,014
FEDEX CORP 26,894 30,310
GLOBAL EQUITY FUND 2,099,267 3,071,051
IBM CORP 25,868 30,291
INTERNATIONAL EQUITY FUND II 356,265 602,509
LAS VEGAS SANDS GROUP 15,429 17,065
ORION ENG CARBONS SA 25,269 32,770
PARKER HANNIFIN CORP 18,815 30,555
POPULAR INC NEW F 9,825 20,891
QUALCOMM INC 14,774 29,134
SIEMENS AG ADR 14,936 20,981
SONY CORP 8,289 27,842
SYSCO CORP 12,369 16,819
TEREX CORP 13,513 24,137
UNITEDHEALTH GRP INC 20,997 42,414
CRANE CO 13,206 23,606
WALT DISNEY CO 3,957 3,475
GENERAL MOTORS CO 29,430 30,949
ORACLE CORP 30,537 38,009
PORSCHE AUTOMOBILE 18,279 10,308
QURATE RETAIL 27,963 7,881
SIMON PROPERTY GROUP 30,828 37,594
MOSAIC STOCK 465,988 465,990
COHERENT INC 24,906 13,338
DEERE & CO 17,922 21,438
EXXON MOBIL CORP 21,181 21,509
BAKER HUGHES CO. 22,464 23,919
DIVERSIFYING STRATEGIES FUND 360,876 360,432

TY 2022 InvestmentsOtherSchedule2
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MULTI-ASSETS STRATEGIES FUND AT COST 1,413,393 1,341,679
NON TRADITIONAL STRATEGIES FUND AT COST 370,107 384,989

TY 2022 OtherExpensesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE OF MINNESOTA FEE 25 0   25
MEETING EXPENSE 58 0   58
STATE OF DELAWARE FEE 25 0   25
NON-DEDUCTIBLE EXPENSES MULTI-ASSET STRATEGIES FUND-GEN 1 0   0
NON-DEDUCTIBLE EXPENSES DIVERSIFYING STRATEGIES FUND - GEN 1 0   0
NON-DEDUCTIBLE EXPENSES DIVERSIFYING STRATEGIES FUND - SEG 3 0   0
NON-DEDUCTIBLE EXPENSES MULTI-ASSET STRATEGIES FUND-SEG 5 0   0
RENTAL EXPENSES NON-TRADITIONAL STRATEGIES FUND GEN 23 23   0
NON-DEDUCTIBLE EXPENSES NON-TRADITIONAL STRATEGIES FUND-GEN 30 0   0
RENTAL EXPENSES NON-TRADITIONAL STRATEGIES FUND SEG 118 118   0
NON-DEDUCTIBLE EXPENSES NON-TRADITIONAL STRATEGIES FUND-SEG 164 0   0
RENTAL EXPENSES MULTI-ASSET STRATEGIES FUND - GEN 252 0   0
UBTI LOSS MULTI-ASSET STRATEGIES FUND - GEN 580 0   0
OTHER LOSS NON-TRADITIONAL STRATEGIES FUND - GEN 747 747   0
RENTAL EXPENSES MULTI-ASSET STRATEGIES FUND - SEG 1,217 0   0
UBTI LOSS MULTI-ASSET STRATEGIES FUND - SEG 2,813 0   0
OTHER LOSS DIVERSIFYING STRATEGIES FUND - GEN 1,608 1,608   0
OTHER LOSS NON-TRADITIONAL STRATEGIES FUND - SEG 3,268 3,268   0
OTHER LOSS DIVERSIFYING STRATEGIES FUND - SEG 9,712 9,712   0
UBTI LOSS NON-TRADITIONAL STRATEGIES FUND - SEG 160 0   0
UBTI LOSS NON-TRADITIONAL STRATEGIES FUND - GEN 28 0   0


TY 2022 OtherIncomeSchedule2
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NON-TRADITIONAL STRATEGIES FUND-SEG ROYALTY 5 0 5
NON-TRADITIONAL STRATEGIES FUND-SEG ROYALTY 10 10 10
NON-TRADITIONAL STRATEGIES FUND-GEN 1 0 1
NON-TRADITIONAL STRATEGIES FUND-GEN ROYALTY 2 2 2
MULTI-ASSET STRATEGIES FUND-GEN (OTHER INCOME) 3,723 3,723 3,723
MULTI-ASSET STRATEGIES FUND-GEN (ROYALTY) 1 1 1
MULTI-ASSET STRATEGIES FUND-SEG (OTHER INCOME) 18,036 18,036 18,036
MULTI-ASSET STRATEGIES FUND-SEG (ROYALTY) 7 7 7
DIVERSIFYING STRATEGIES FUND (GEN) - OTHER INCOME 604 0 604
DIVERSIFYING STRATEGIES FUND (SEG) - OTHER INCOME 3,650 0 3,650
INTERNATIONAL EQUITY FUND II-GEN 832 832 832
GLOBAL EQUITY FUND-GEN 150 150 150
INTERNATIONAL EQUITY FUND II-SEG 4,172 4,172 4,172
GLOBAL EQUITY FUND-SEG 2,265 2,265 2,265


TY 2022 OtherProfessionalFeesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES U.S. ALL CAP EQUITY FUND 267 267   0
INVESTMENT EXPENSES GLOBAL EQUITY FUND-SEG 26,635 26,635   0
INVESTMENT EXPENSES CHARLES SCHWAB 11,834 11,834   0
INVESTMENT EXPENSES GLOBAL EQUITY FUND-GEN 1,477 1,477   0
INVESTMENT EXPENSES INTERNATIONAL EQUITY FUND II-GEN 260 260   0
INVESTMENT EXPENSES INTERNATIONAL EQUITY FUND II-SEG 1,535 1,535   0
INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-SEG 4,166 4,166   0
INVESTMENT EXPENSES NON-TRADITIONAL STRATEGIES FUND-GEN 791 791   0
INVESTMENT EXPENSES EMERGING MARKETS EQUITY FUND-GEN 44 44   0
INVESTMENT EXPENSES EMERGING MARKETS EQUITY FUND-SEG 257 257   0
INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-GEN 6,508 6,508   0
INVESTMENT EXPENSES MULTI-ASSET STRATEGIES FUND-SEG 31,511 31,511   0
INVESTMENT EXPENSES DIVERSIFYING STRATEGIES FUND - GEN 833 833   0
INVESTMENT EXPENSES DIVERSIFYING STRATEGIES FUND - SEG 5,036 5,036   0


TY 2022 TaxesSchedule
Name:
THE HAROLD AND KATE REED FAMILY
 
FOUNDATION
EIN:
20-3982052
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID GLOBAL EQUITY FUND-SEG 7,035 7,035   0
FOREIGN TAXES PAID U.S. ALL CAP EQUITY FUND 1 1   0
FOREIGN TAXES PAID GLOBAL EQUITY FUND-GEN 390 390   0
FOREIGN TAXES PAID INTERNATIONAL EQUITY FUND II-GEN 324 324   0
FOREIGN TAXES PAID INTERNATIONAL EQUITY FUND II-SEG 1,912 1,912   0
FOREIGN TAXES PAID SCHWAB SEG 234 234   0
FOREIGN TAXES PAID NON-TRADITIONAL STRATEGIES FUND-SEG 313 313   0
FOREIGN TAXES PAID NON-TRADITIONAL STRATEGIES FUND-GEN 60 60   0
FOREIGN TAXES PAID SCHWAB GEN 242 242   0
FEDERAL TAXES PAID 21,585 0   0
FOREIGN TAXES PAID EMERGING MARKETS EQUITY FUND-GEN 62 62   0
FOREIGN TAXES PAID EMERGING MARKETS EQUITY FUND-SEG 362 362   0
FOREIGN TAXES PAID MULTI-ASSET STRATEGIES FUND-GEN 27 27   0
FOREIGN TAXES PAID MULTI-ASSET STRATEGIES FUND-SEG 134 134   0
FOREIGN TAXES PAID DIVERSIFYING STRATEGIES FUND - GEN 5 5   0
FOREIGN TAXES PAID DIVERSIFYING STRATEGIES FUND - SEG 33 33   0
STATE TAXES PAID 6,536 6,340   0