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
Spell Family Foundation co William Spell
 
% WILLIAM SPELL
Number and street (or P.O. box number if mail is not delivered to street address)7201 Metro Blvd Suite 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55439
A Employer identification number

41-1788155
B Telephone number (see instructions)

(612) 371-9650
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$7,367,942J 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) 1,500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 103,798 103,798  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -286,182
b Gross sales price for all assets on line 6a 5,787,796
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-12,365 -13,411  
12 Total. Add lines 1 through 11........ 1,305,251 90,387  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
22,916 22,916    
17 Interest............... 9,693 9,693    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
33,501 3,835    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,748 2,733    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 68,858 39,177   0
25 Contributions, gifts, grants paid....... 175,250 175,250
26 Total expenses and disbursements. Add lines 24 and 25 244,108 39,177   175,250
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,061,143
b Net investment income (if negative, enter -0-) 51,210
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......... 310,060 627,992 627,992
3 Accounts receivable right arrow1,000
Less: allowance for doubtful accounts right arrow   1,000 1,000 1,000
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) 2,021,791 Click to see attachment
List of Attached Documents:
// Content
792,847 		793,602
b Investments—corporate stock (attach schedule)....... 3,222,580 Click to see attachment
List of Attached Documents:
// Content
4,468,435 		4,353,210
c Investments—corporate bonds (attach schedule)....... 476,723 Click to see attachment
List of Attached Documents:
// Content
892,000 		827,891
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).......... 415,735 Click to see attachment
List of Attached Documents:
// Content
461,635 		764,247
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) 6,447,889 7,243,909 7,367,942
Liabilities 17 Accounts payable and accrued expenses.......... 296 2,599
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) Click to see attachment
List of Attached Documents:
// Content
13,939 		Click to see attachment
List of Attached Documents:
// Content
11,350
23 Total liabilities (add lines 17 through 22)......... 14,235 13,949
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 6,433,654 7,229,960
29 Total net assets or fund balances (see instructions)..... 6,433,654 7,229,960
30 Total liabilities and net assets/fund balances (see instructions). 6,447,889 7,243,909
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
6,433,654
2
Enter amount from Part I, line 27a .....................
2
1,061,143
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,494,797
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
264,837
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,229,960
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 ABBOTT LABORATORIES P 2022-01-26 2022-06-30
b CALVERT SHORT DUR INC P 2022-03-15 2022-06-08
c HP INC   2022-06-09 2022-06-30
d INTEL CORP   2022-06-08 2022-06-30
e ISHS 1-5YR INVEST ETF   2022-06-08 2022-06-30
ISHS TR PFD & INCM ETF   2022-06-08 2022-06-30
SWISS RE LTD ADR   2022-05-31 2022-06-30
TELEKOM AUSTRIA SPON ADR   2022-06-01 2022-07-08
3M COMPANY   2022-06-01 2022-10-14
UST BILL   2022-04-11 2022-07-08
VODAFONE   2022-06-08 2022-06-30
INTEL CORP LT   2008-11-12 2022-06-30
JOHNSON & JOHNSON   2014-04-10 2022-06-30
AIA GROUP LTD ADR   2021-11-18 2022-04-25
AMG TRILOGY EMERGING   2022-01-12 2022-04-11
CALL OPTIONS   2022-01-01 2022-04-25
ORANGE SPON   2021-06-22 2022-06-30
ADYEN NV UNSPON   2021-11-18 2022-04-25
ALCON INC   2021-11-18 2022-04-25
AMERICAN CENTURY SMALL VALUE   2021-11-15 2022-04-25
AMPHENOL CORP CL A   2021-11-18 2022-04-25
ANGEL OAK MULTI STRATEGY   2022-03-15 2022-04-25
ASML HOLDING NV   2022-02-17 2022-04-25
ATLAS COPCO AB SPONS   2021-12-03 2022-04-25
BARON EMERGING MARKETS INSTITUTIONAL   2021-11-30 2022-04-25
BILL COM HOLDINGS INC   2022-02-16 2022-04-25
CANADIAN PACIFIC RAILWAY   2022-03-17 2022-04-25
CAUSEWAY EMERGING   2021-12-14 2022-04-25
CENTENE CORP   2022-01-27 2022-03-24
CHURCH AND DWIGHT CO INC   2021-11-18 2022-04-25
COLUMBIA DIVIDEND   2021-11-12 2022-04-25
CONGRESS MID CAP   2021-12-14 2022-03-31
COSTCO   2021-11-18 2022-04-11
COUPA SOFTWARE   2022-01-27 2022-03-31
CSL LIMITED ADR   2021-11-18 2022-02-16
DATADOG INC CLASS   2022-02-17 2022-04-25
DOUBLELINE   2021-12-14 2022-04-11
ENTEGRIS   2021-11-18 2022-04-25
EQUINIX INC   2021-11-12 2022-04-25
EVOLUTION GAMING GROUP   2021-11-18 2022-04-25
EXACT SCIENCES CORPORATION   2021-11-12 2022-04-25
FAIR ISAAC CORPORATION   2021-11-18 2022-04-25
FERRARI NV   2022-01-12 2022-04-25
FIRST REPUBLIC BANK SAN FRAN   2021-11-18 2022-04-12
FLOOR DECOR HOLDINGS INC   2021-11-18 2022-04-28
GRACO   2021-11-18 2022-04-25
HARDING LOEVNER INTERNATIONAL EQUITY   2021-11-30 2022-04-25
HEICO CORPORATION   2021-11-18 2022-04-25
LAM RESEARCH CORP   2021-11-18 2022-04-25
LOOMIS   2021-11-12 2022-03-15
LPL FINANCIAL HOLDINGS LLC   2022-04-14 2022-04-25
LULULEMON ATHLETICA   2021-11-18 2022-03-17
LVMH MOET HENNESSY   2021-11-18 2022-03-11
METTLER TOLDEDO INTL   2021-11-18 2022-04-25
MSCI INC A   2021-11-18 2022-04-25
NIKE INC   2021-11-18 2022-04-25
NU HLDGS LTD ORD   2022-01-24 2022-01-24
OLD DOMINION FGHT LINE   2021-11-30 2022-04-11
PERNOD RICHARD SA   2021-11-18 2022-04-25
PRICE T ROWE   2021-11-24 2022-04-25
REPLIGEN CORP   2021-11-18 2022-04-25
SERVICENOW   2021-11-18 2022-04-25
SHERWIN WILLIAMS   2021-11-18 2022-04-25
SHOPIFY INC A   2021-11-18 2022-02-14
SNOWFLAKE INC   2022-02-18 2022-04-25
STRYKER CORP   2021-11-18 2022-02-17
TAIWAN SEMICONDUCTOR   2021-11-18 2022-03-07
TECHTRONIC INDUSTRIES   2022-02-22 2022-04-25
THERMO FISHER SCIENTIFIC   2021-11-18 2022-04-25
PRICE T ROWE GROWTH   2021-11-24 2022-04-25
UNION PACIFIC CORP   2022-03-11 2022-04-25
UNITED HEALTH GROUP   2022-04-12 2022-04-25
VANGUARD INTL GROWTH FUND   2021-12-14 2022-04-25
VISA INC   2021-11-18 2022-04-25
WASTE CONNECTIONS INC   2022-03-29 2022-04-25
WEST PHARMACEUTICAL SVCS   2021-11-18 2022-04-20
WUXI BIOLOGICS CAYMAN ADR   2021-11-18 2022-04-25
3M COMPANY   2020-03-03 2022-01-12
FED EX   2020-03-03 2022-01-12
PROCTER GAMBLE CO   2007-01-11 2022-01-21
(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 64,588   72,219 -7,631
b 142,040   145,468 -3,428
c 32,915   37,551 -4,636
d 37,596   41,323 -3,727
e 100,833   102,065 -1,232
98,485   103,645 -5,160
38,454   41,320 -2,866
44,074   51,685 -7,611
169,756   219,622 -49,866
99,527   99,434 93
46,286   47,305 -1,019
45,115   18,194 26,921
43,776   24,365 19,411
16,287   18,397 -2,110
35,748   44,000 -8,252
20,341   0 20,341
87,688   89,071 -1,383
15,907   23,317 -7,410
15,782   16,343 -561
124,708   132,500 -7,792
31,622   37,164 -5,542
362,098   369,708 -7,610
12,870   14,460 -1,590
19,230   25,914 -6,684
129,941   156,859 -26,918
15,295   21,244 -5,949
16,647   18,026 -1,379
90,603   107,765 -17,162
41,811   38,368 3,443
27,711   26,110 1,601
350,814   382,934 -32,120
221,089   252,812 -31,723
10,663   9,874 789
89,218   92,615 -3,397
13,111   14,552 -1,441
10,470   14,162 -3,692
450,171   476,723 -26,552
19,616   24,502 -4,886
63,721   66,820 -3,099
12,230   16,416 -4,186
54,925   78,296 -23,371
14,760   15,146 -386
17,797   21,661 -3,864
28,895   37,087 -8,192
15,374   23,293 -7,919
23,090   26,586 -3,496
83,744   100,000 -16,256
18,584   20,101 -1,517
22,581   31,771 -9,190
450,756   480,986 -30,230
19,068   20,893 -1,825
13,657   17,970 -4,313
31,237   38,472 -7,235
26,657   31,976 -5,319
20,370   26,467 -6,097
25,213   32,285 -7,072
4,671   5,700 -1,029
33,558   42,026 -8,468
23,359   26,310 -2,951
107,595   150,000 -42,405
11,653   19,277 -7,624
24,350   31,333 -6,983
35,305   47,098 -11,793
17,729   41,932 -24,203
9,323   14,466 -5,143
49,280   49,792 -512
12,077   15,258 -3,181
11,290   14,729 -3,439
37,285   43,098 -5,813
261,968   266,192 -4,224
15,559   17,574 -2,015
26,870   27,747 -877
197,656   256,000 -58,344
30,114   29,511 603
17,731   18,180 -449
33,439   40,329 -6,890
14,232   21,094 -6,862
179,514   145,500 34,014
428,740   227,207 201,533
64,613   25,783 38,830
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       -7,631
b       -3,428
c       -4,636
d       -3,727
e       -1,232
      -5,160
      -2,866
      -7,611
      -49,866
      93
      -1,019
      26,921
      19,411
      -2,110
      -8,252
      20,341
      -1,383
      -7,410
      -561
      -7,792
      -5,542
      -7,610
      -1,590
      -6,684
      -26,918
      -5,949
      -1,379
      -17,162
      3,443
      1,601
      -32,120
      -31,723
      789
      -3,397
      -1,441
      -3,692
      -26,552
      -4,886
      -3,099
      -4,186
      -23,371
      -386
      -3,864
      -8,192
      -7,919
      -3,496
      -16,256
      -1,517
      -9,190
      -30,230
      -1,825
      -4,313
      -7,235
      -5,319
      -6,097
      -7,072
      -1,029
      -8,468
      -2,951
      -42,405
      -7,624
      -6,983
      -11,793
      -24,203
      -5,143
      -512
      -3,181
      -3,439
      -5,813
      -4,224
      -2,015
      -877
      -58,344
      603
      -449
      -6,890
      -6,862
      34,014
      201,533
      38,830
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 -286,182
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) 1 712
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  
3 Add lines 1 and 2........................... 3 712
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 712
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 34
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 746
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow   Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrow  
14
The books are in care ofright arrowWILLIAM SPELL Telephone no.right arrow (612) 371-9650

Located atright arrow7201 METRO BLVD SUITE 850MINNEAPOLISMN ZIP+4right arrow55439
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
WILLIAM SPELL PRESIDENT/CEO
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
DIANNE SPELL SECRETARY
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
HARRY SPELL II DIRECTOR/CFO
0 		0 0 0
5320 Elmridge Circle
Shorewood,MN55331
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 NONE  
2 NONE  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
4,750,171
b
Average of monthly cash balances.......................
1b
1,110,511
c
Fair market value of all other assets (see instructions)................
1c
635,179
d
Total (add lines 1a, b, and c).........................
1d
6,495,861
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
6,495,861
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
97,438
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
6,398,423
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
319,921
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
319,921
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
712
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
712
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
319,209
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
319,209
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
319,209
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
175,250
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
175,250
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 7 319,209
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:2020, 2019, 2018 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 79,761
b From 2018......  
c From 2019...... 85,635
d From 2020......  
e From 2021...... 17,595
f Total of lines 3a through e ........ 182,991
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 175,250
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2022 distributable amount..... 175,250
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 143,959 143,959
(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 39,032
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		39,032
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019.... 21,437
c Excess from 2020....  
d Excess from 2021.... 17,595
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).)
WILLIAM SPELL
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
WILLIAM SPELL
7201 Metro Blvd Suite 850
MINNEAPOLIS,MN55439
(612) 371-9650
bThe form in which applications should be submitted and information and materials they should include:
Letter requesting funds should contain nature of gift and information on the organization. Send to: William Spell 7201 Metro Blvd, Suite 850 Minneapolis, MN 55439 612-371-9650
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
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

ST MARYS GREEK ORTHODOX CHURCH

3450 IRVING AVE SOUTH
Minneapolis,MN55408 		  PC ANNUAL FUND 36,500

JUVENILE DIABETES FOUNDATION

2431 LORIEN
Minnetonka,MN55305 		  PC CHILDREN'S HEALTHCARE 500

GREEK ORTHODOX ARCHDIOCESE OF AMERICA

8 EAST 79TH STREET
NEW YORK,NY10075 		  PC General Operations 25,500

ORDER OF ST ANDREW THE APOSTLE

8 E 79TH STREET
NEW YORK,NY10075 		  PC MINISTRY 28,000

CENTER OF THE AMERICAN EXPERIMENT

8441 WAYZATA BLVD SUITE 350
GOLDEN VALLEY,MN55426 		  PC EDUCATION 25,000

Faithtree Resources

PO Box 803114
Santa Clarita,CA91380 		  PC General Operations 20,000

Ecumenical Patriarch Bartholomew Foundation Inc

8 East 79th Street
New York,NY10075 		  PC General Operations 25,000

Agape Christi

6500 Baker Road
Eden Prairie,MN55346 		  PC General Operations 1,000

McPhail Center for Music

501 South Second Street
Minneapolis,MN55401 		  PC General Program Support 500

Pancretan Association of America

6506 Bells Mill Road
Bethesda,MD20817 		  PC Pancretan Foundation General Support 750

Holy Trinity Greek Orthodox Cathedral

1973 Maryland Avenue
Phoenix,AZ85016 		  PC General Operations 10,000

Ryans House

110 W Muhammad Ali Way
Phoenix,AZ85013 		  PC General Operations 500

Project Mexico & St Innocent Orphanage

PO Box 120028
Chula Vista,CA91912 		  PC General Operations 1,500

Prison Fellowship International

PO Box 17434
Washington,DC20041 		  PC General Operations 500
Total .................................right arrow 3a 175,250
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 103,798  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -286,182  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME 		523000   18 -12,365  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   -194,749  
13Total. Add line 12, columns (b), (d), and (e)..................
13
-194,749
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
Spell Family Foundation co William Spell
 
Employer identification number

41-1788155
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
Spell Family Foundation co William Spell
  		Employer identification number
41-1788155
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WILLIAM SPELL
4706 WHITE OAKS ROAD
 
EDINA, MN55424

$ 1,500,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AllOthProgRltdInvestmentsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount
NONE  

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TY 2022 DepreciationSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2022 InvestmentsCorpBondsSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Bond End of Year Book Value End of Year Fair Market Value
CITIGROUP GLBL MKTS HLDG 11/23 60,000 53,460
CITIGROUP GLBL MKTS HLDG 1/24 60,000 51,918
JPMORGAN CHASE FINL CO 2/24 85,000 78,889
ROYAL BANK CANADA 1/24 85,000 73,508
JP MORGAN CHASE FINL CO 2/24 100,000 92,010
JP MORGAN CHASE FINL CO 2/24 75,000 66,263
ROYAL BANK CANADA 3/24 68,000 61,044
GOLDMAN SACHS GROUP INC 200,000 199,506
CITIGROUP GLBL MKTS HLDG 2/24 70,000 68,327
ROYAL BANK CANADA 03/28/24 89,000 82,966

TY 2022 InvestmentsCorpStockSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Stock End of Year Book Value End of Year Fair Market Value
MICROCHIP 29,050 140,500
PROCTER & GAMBLE 109,159 106,092
JOHNSON AND JOHNSON 177,482 256,143
VERIZON 139,197 145,780
COSTCO 109,436 114,125
FED EX 158,099 129,900
TAIWAN SEMICONDUCTOR 128,453 105,701
AT&T 168,396 161,088
DEUTSCHE TELEKOM AG 103,685 119,880
HP INC 171,452 134,350
KIMBERLY CLARK 143,998 149,325
MICROSOFT CORP 24,009 19,665
PACKAGING CORP OF AMERICA 170,360 166,283
QUALCOMM INC 186,010 148,419
ROCHE HOLDING LIMITED 94,671 88,088
SPARK NEW ZEALAND LTD 119,464 131,401
SWISS RE LTD 125,070 143,350
SWISSCOM SPONSORED ADR 138,230 137,300
TELENOR ASA 113,615 78,015
TELIA CO AB 100,491 63,250
WASTE MANAGEMENT 123,580 125,504
ZURICH INSURANCE 109,986 119,613
AUSTEVOLL SEAFOOD ASA 103,195 75,055
GENCO SHIPPING & TRADING LTD 269,041 205,824
MICRON TECHNOLOGY 184,631 149,940
CALVERT SHORT DURATION INCOME 106,721 102,528
EATON VANCE TAX MANAGED OPPORT 186,759 165,780
EATON VANCE TAX MANAGED GLOBAL 172,220 155,200
MADISON COVERED CALL & EQUITY 201,927 215,063
STIFEL SMART RATE 500,048 500,048

TY 2022 InvestmentsGovtObligationsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
US Government Securities - End of Year Book Value:

792,847
US Government Securities - End of Year Fair Market Value:

793,602
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2022 InvestmentsOtherSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT 1 FMV 0 0
INVESTMENT 2 FMV 115,561 151,800
INVESTMENT 3 FMV 58,442 237,500
INVESTMENT 4 FMV 0 55,156
INVESTMENT 5 FMV 229,391 261,550
OTHER INVESTMENTS FMV 58,241 58,241

TY 2022 OtherDecreasesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Amount
DONATED STOCK ADJUSTMENT (SALE) 264,837


TY 2022 OtherExpensesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE 484 469    
PORTFOLIO DEDUCTIONS K1 2,264 2,264    


TY 2022 OtherIncomeSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH INCOME -12,365 -13,411  


TY 2022 OtherLiabilitiesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT 4 - BOOK VALUE RECL 2,876 11,350


TY 2022 OtherProfessionalFeesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 22,916 22,916    


TY 2022 TaxesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,835 3,835    
EXCISE TAX 27,500      
UBTI TAX 2,166