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
Offutt Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)225 Broadway N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fargo, ND58102
A Employer identification number

26-6574983
B Telephone number (see instructions)

(701) 237-6062
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$208,742,679J 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) 58,007,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 381,294 381,294  
4 Dividends and interest from securities... 2,005,268 2,005,268  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -5,545,633
b Gross sales price for all assets on line 6a 84,393,008
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
31,257 -14,085  
12 Total. Add lines 1 through 11........ 54,879,686 2,372,477  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 297,000 0   297,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,750 0   2,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
239,092 109,947   129,145
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,923 0   3,923
22 Printing and publications.......... 6,663 0   6,663
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
206,607 193,280   6,216
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 756,035 303,227   445,697
25 Contributions, gifts, grants paid....... 1,333,542 1,333,542
26 Total expenses and disbursements. Add lines 24 and 25 2,089,577 303,227   1,779,239
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 52,790,109
b Net investment income (if negative, enter -0-) 2,069,250
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......... 119,820,290 73,289,209 73,289,209
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)....... 13,084,619 Click to see attachment
List of Attached Documents:
// Content
99,744,723 		99,744,724
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).......... 8,543,851 Click to see attachment
List of Attached Documents:
// Content
34,660,238 		35,708,746
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) 141,448,760 207,694,170 208,742,679
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) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
850,000
23 Total liabilities (add lines 17 through 22)......... 0 850,000
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 141,448,760 206,844,170
29 Total net assets or fund balances (see instructions)..... 141,448,760 206,844,170
30 Total liabilities and net assets/fund balances (see instructions). 141,448,760 207,694,170
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
141,448,760
2
Enter amount from Part I, line 27a .....................
2
52,790,109
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,605,301
4
Add lines 1, 2, and 3 ..........................
4
206,844,170
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
206,844,170
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 Publicly Traded Securities      
b LT Capital Gains from Passthrough Entities P    
c ST Capital Gains from Passthrough Entities P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 84,247,053   89,881,347 -5,634,294
b 145,955     145,955
c     57,294 -57,294
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -5,634,294
b       145,955
c       -57,294
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -5,545,633
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 28,763
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 28,763
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 28,763
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 7,407
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 82,407
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 900
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 52,744
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow52,744 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowND
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 arrowThomas K Espel Telephone no.right arrow (701) 526-9644

Located atright arrow225 Broadway NFargoND ZIP+4right arrow58102
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Ronald D Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Karen Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Shelly Neal Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Rondi McGovern Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Allan F Knoll Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Christi Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Ryan Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Thomas K Espel Administrator
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
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
Jean Zimmerman Executive Director
40.00 		297,000 0 0
225 Broadway N
Fargo,ND58102
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
Verus Investment manager 109,947
800 Fifth Avenue Suite 3900
Seattle,WA98104
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
78,351,160
b
Average of monthly cash balances.......................
1b
49,025,272
c
Fair market value of all other assets (see instructions)................
1c
28,497,805
d
Total (add lines 1a, b, and c).........................
1d
155,874,237
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
155,874,237
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,338,114
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
153,536,123
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,676,806
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
7,676,806
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,763
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,763
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,648,043
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,648,043
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
7,648,043
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,779,239
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,779,239
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 7,648,043
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 1,209,634
b From 2018...... 453,081
c From 2019...... 690,067
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 2,352,782
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,779,239
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 1,779,239
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 2,352,782 2,352,782
(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 .......... 		3,516,022
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).)
Ronald D Offutt
Karen Offutt
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

Cobber Wrestling

901 8th St S
Moorhead,MN56562 		  PC golf sponsor 1,000

Moorhead Wrestling

3845 11th Ave S
Moorhead,MN56560 		  PC sponsor 1,000

SD FFA Foundation Inc

39393 133rd St
Bath,SD57427 		  PC general fund 1,375

Dakota Medical Foundation

4141 28th Ave S
Fargo,ND58104 		  PC Zezula sponsorship 5,000

Memory Cafe of the Red River Valley

1122 1st Ave N
Fargo,ND58102 		  PC general fund 12,500

Emerging Prairie

122 1/2 N Broadway
Fargo,ND58102 		  PC entrepreneurship 25,000

NORTH DAKOTA STATE UNIVERSITY FOUNDATION

1241 University Dr N PO Box 5144
Fargo,ND58105 		  PC NICE ideas 35,000

TNT Kid's Fitness & Gymnastics

2800 Main Ave
Fargo,ND58103 		  PC pledge 66,667

Theodore Roosevelt Presidential Library Foundation

1611 East Century Ave
Bismarck,ND58503 		  PC building pledge 250,000

Sanford Foundation

P O Box 2010
Fargo,ND581220302 		  PC Heart center 300,000

Fix It Forward Ministry Inc

2620 2nd Ave N
Moorhead,MN56560 		  PC general fund 5,000

CASSELTON FIRE DEPARTMENT

121 N LANGER AVE
CASSELTON,ND58012 		  PC gold sponsor 5,000

FISHER HOUSE FOUNDATION

12300 Twinbrook Parkway Suite 410
Rockville,MD20852 		  PC ND house 25,000

NORTHWEST MN SYNOD

901 8th St S
Moorhead,MN56562 		  PC general fund 50,000

GFWC NEVIS WOMENS CLUB

20769 Flying Eagle Drive
Nevis,MN56467 		  PC empowering women to lead 2,000

JOSEPH WENDLER MEMORIAL

22 E Poplar Street Suite 206
Walla Walla,WA99362 		  PC general fund 30,000

ABERDEEN AREA VETERANS

PO BOX 2141
ABERDEEN,SD57402 		  NC general fund 15,000

AMERICAN HEROES OUTDOORS

406 WESTERN AVE S
PARK RAPIDS,MN56470 		  NC general fund 15,000

AMERICAN LEGION POST 366

PO BOX 343
BERTHA,MN56437 		  NC general fund 15,000

RATEN-SUNDFLOT

159 CENTRAL AVE S
BROOTEN,MN56316 		  NC general fund 15,000

CENTRAL VALLEY VETERANS

1134 RIORDAN AVE
CLOVIS,CA93613 		  NC general fund 10,000

COLUMBIA BASIN VETERANS

1020 S 7TH AVE
PASCO,WA99301 		  NC general fund 15,000

AMVET

1001 1ST AVE S
FARGO,ND58103 		  NC general fund 5,000

FLATHEAD MARINES INC

PO BOX 2624
KALLISPELL,MT59903 		  NC general fund 10,000

MADATORY FUN OUTDOORS

PO BOX 646
PARK RAPIDS,MN56470 		  NC general fund 5,000

MONGEAU THOLEN VFW Q

PO BOX 121
MARSHALL,MN56258 		  NC general fund 5,000

EARLY STAGE MONTANA

PO BOX 4781
BOZEMAN,MT59718 		  NC general fund 15,000

SARGENT COLTON LEVI DERR FOUNDATION

518 6TH ST STE 2
RAPID CITY,SD57703 		  NC general fund 10,000

STAPLES ALL VETERANS & COMMU

425 4TH STREET N
STAPLES,MN56479 		  NC general fund 5,000

VETERANS NAVIGATION NETWORK

2173 OVERLAND AVE
BILLINGS,MT59103 		  NC general fund 15,000

VETERAN OVERLAND

515 NW SALTZMAN RD 815
PORTLAND,OR97229 		  NC general fund 10,000

VFW OF THE UNITED STATE DEPT

615 NORTH AVE
SUNNYSIDE,WA98944 		  NC general fund 15,000

VICTOR B WALLIN POST 12

PO BOX 441
WASHBURN,ND58577 		  NC general fund 10,000

Legacy Children's Foundation

3425 1st St N
Fargo,ND58102 		  PC summer literacy program 45,000

Moorhead Wrestling

3845 11th Ave S
Moorhead,MN56560 		  PC sponsor 1,000

FARGO ELIM CARE CENTER

3540 Univ Dr S
FARGO,ND58104 		  PC general fund 125,000

CONCORDIA FOOTBALL

901 South 8th Street
Moorhead,MN56562 		  PC sponsor 5,500

MAYO FOUNDATION

200 1st St SW
Rochester,MN55905 		  PC research 100,000

FM AREA FOUNDATION

409 7TH ST S
FARGO,ND58103 		  PC memory caf match 12,500

AO1 FOUNDATION

75 N MAIN ST
ZIONSVILLE,IN46077 		  PC general fund 1,000

EMERGENCY FOOD PANTRY

1101 4 AVE N
FARGO,ND58102 		  PC general fund 1,000

F5 PROJECT

1122 1ST AVE N
FARGO,ND58102 		  PC general fund 1,000

LANDON'S LIGHT FOUNDATION

3941 4TH STREET EAST
WEST FARGO,ND58078 		  PC general fund 1,000

SHAREHOUSE

4227 9TH AVE S
FARGO,ND58103 		  PC general fund 1,000

THE ALS ASSOCIATION MNNDSD CHARTER

1919 UNIVERSITY AVENUE WEST SUITE
175
ST PAUL,MN55104 		  PC general fund 1,000

TROLLWOOD PERFORMING ARTS SCHOOL

801 50TH AVE S
Moorhead,MN56560 		  PC general fund 1,000

DOWN HOME

2102 12TH STREET NORTH
FARGO,ND58102 		  PC general fund 1,000

4-H FOUNDATION OF NORTH DAKOTA

1400 CENTENNIAL BLVD
FARGO,ND58102 		  PC general fund 1,000

CCRI INC

2903 15th St S
Moorhead,MN56560 		  PC general fund 1,000

NEW LIFE CENTER

1902 3RD AVE N
FARGO,ND58102 		  PC general fund 1,000

FARM RESCUE

11202 38TH ST S
HORACE,ND58047 		  PC general fund 1,000

FROST FIRE PARKPEMBINA GORGE FOUNDATION

11950 COUNTY ROAD 55
WALHALLA,ND58282 		  PC general fund 1,000

GIGI'S PLAYHOUSE FARGO DOWN SYNDROME ACHIEVEMENT CENTER

3224 20TH ST S
FARGO,ND58104 		  PC general fund 1,000

SAINT ANN'S INDIAN MISSION

1115 LOUIS RIEL DRIVE
BELCOURT,ND58316 		  PC general fund 1,000

AMERICAN CANCER SOCIETY - NDMN

PO BOX 7519
FARGO,ND58106 		  PC general fund 5,000

SALVATION ARMY FARGO-MOORHEAD

304 Roberts St
Fargo,ND58102 		  PC general fund 5,000

ABUSED ADULT RESOURCE CENTER

218 W Broadway
Bismarck,ND58501 		  PC general fund 5,000
Amber Boulton South Dakota State Un


Box 511A
Brookings,SD57007 		None I Scholarship 2,500
Brady Gratton NDSCS Wahpeton


800 6th Street N
Wahpeton,ND58076 		None I Scholarship 2,500
Carter Schmitz NDSU


PO Box 6050
Fargo,ND58108 		None I Scholarship 2,500
Ethan Wachlin Alexandria Tech


1601 Jefferson Street
Alexandria,MN56308 		None I Scholarship 2,500
Total .................................right arrow 3a 1,333,542
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 ........... 		    14 381,294  
4 Dividends and interest from securities ....     14 2,005,268  
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 -5,545,633  
9 Net income or (loss) from special events:     01 19,459  
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNondividend Distributions 		    14 18,650  
bOther income from passthorugh entities     14 -14,085  
cUnrelated Business Income from Passthrough Entities 525990 122      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 122 -3,135,047 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
-3,134,925
(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
Offutt Family Foundation
 
Employer identification number

26-6574983
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
Offutt Family Foundation
  		Employer identification number
26-6574983
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
Ronald D Offutt
 
PO Box 7160
 
Fargo, ND581067160

$ 58,000,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Bell Bank
 
3100 13th Ave S
 
Fargo, ND58103

$ 7,500


(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
Offutt Family Foundation
  		Employer identification number

26-6574983
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
Offutt Family Foundation
  		Employer identification number

26-6574983
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Preparation Fees 2,750 0   2,750

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 ExpenditureResponsibilityStmt
Name:
Offutt Family Foundation
EIN:
26-6574983
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Aberdeen Area Veterans
  		PO Box 2141
Aberdeen,SD57402 		2022-06-08 15,000 Grave markers, sponsor gatherings 15,000 None 06/23/22 2022-12-16  
American Heroes Outdoors
  		406 Western Ave S
Park Rapids,MN56470 		2022-06-08 15,000 Patriot house project fish houses 15,000 None 07/06/22 2023-01-02  
American Legion Post 366
  		PO Box 343
Bertha,MN56437 		2022-06-08 15,000 Community outreach and education programs 15,000 None 07/12/22 2022-07-12  
Raten-Sundflot Post 288
  		159 Central Ave S
Brooten,MN56316 		2022-06-08 15,000 Replace Veteran Memorial monument 15,000 None 06/22/22 2022-07-28  
Central Valley Veterans
  		1134 Riordan Ave
Clovis,CA93613 		2022-06-08 10,000 Adding services at new warehouse 10,000 None 06/22/22 2022-12-22  
Columbia Basin Veterans
  		1020 S 7th Ave
Pasco,WA99301 		2022-06-08 15,000 Veterans Family Crisis Support Program 15,000 None 07/7/22 2022-07-07  
AMVET Post #7
  		1001 1st Ave S
Fargo,ND58103 		2022-06-08 5,000 Rebuild accessibility 5,000 None 06/17/22 2022-06-17  
Flathead Marines Inc
  		PO Box 2624
Kallispell,MT59903 		2022-06-08 10,000 Assistance program 10,000 None 07/08/22 2022-12-18  
Madatory Fun Outdoors
  		PO Box 646
Park Rapids,MN56470 		2022-06-08 5,000 Veteran community garden 5,000 None 06/21/22 2022-12-13  
Mongeau Tholen VFW Q
  		PO Box 121
Marshall,MN56258 		2022-06-08 5,000 Portable flag burning pit 5,000 None 07/20/22 2022-12-12  
Early Stage Montana
  		PO Box 4781
Bozeman,MT59718 		2022-06-08 15,000 Veteran owned startup programs 15,000 None 07/12/22 2022-12-12  
Sargent Colton Levi Derr Foundation
  		518 6th St Ste 2
Rapid City,SD57703 		2022-06-08 10,000 Expand programs and staff 10,000 None 06/22/22 2022-12-16  
Staples All Veterans & Commu
  		425 4th Street N
Staples,MN56479 		2022-06-08 5,000 Purchase engraved pavers for park 5,000 None 07/14/22 2022-11-30  
Veterans Navigation Network
  		2173 Overland Ave
Billings,MT59103 		2022-06-08 15,000 Life resource programs 15,000 None 07/21/22 2022-11-28  
Veteran Overland
  		515 NW Saltzman Rd 815
Portland,OR97229 		2022-06-08 10,000 Vet Connect program 10,000 None 06/24/22 2022-12-20  
VFW of The United State Dept
  		615 North Ave
Sunnyside,WA98944 		2022-06-08 15,000 Remodel front to attract more customers 15,000 None 07/1/22 2022-07-01  
Victor B Wallin Post 12
  		PO Box 441
Washburn,ND58577 		2022-06-08 10,000 Develop Veterans Memorial Community Park 10,000 None 07/8/22 2022-12-17  

TY 2022 InvestmentsCorpStockSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC SHS 19,393 19,393
ACCENTURE PLC SHS 20,547 20,547
AMER EXPRESS COMPANY 15,071 15,071
APPLE INC 33,652 33,652
BAXTER INTERNTL INC 15,189 15,189
BROADCOM INC 22,365 22,365
CHEVRON CORP 19,385 19,385
CHUBB LTD 15,221 15,221
CISCO SYSTEMS INC 13,387 13,387
COMCAST CORP NEW CL A 12,484 12,484
DOLLAR GENERAL CORP 10,835 10,835
EATON CORP PLC 15,224 15,224
ELEVANCE HEALTH INC 16,415 16,415
FIDELITY NATL INFO SVCS 10,720 10,720
HONEYWELL INTL INC DEL 16,073 16,073
INTL FLAVORS&FRAGRNC 10,484 10,484
JPMORGAN CHASE & CO 19,713 19,713
LINDE PLC REG SHS 20,549 20,549
LOWE'S COMPANIES INC 17,334 17,334
MARSH & MCLENNAN COS INC 16,052 16,052
MASTERCARD INC 17,387 17,387
MCDONALDS CORP 10,805 10,805
MICROSOFT CORP 36,692 36,692
MONDELEZ INTERNATIONAL 13,397 13,397
MOTOROLA SOLUTIONS INC 21,905 21,905
NEXTERA ENERGY INC SHS 20,148 20,148
NORTHROP GRUMMAN CORP 10,912 10,912
PACKAGING CORP AMERICA 8,186 8,186
PEPSICO INC 14,633 14,633
ABBOTT LABS 12,187 12,187
WELLTOWER INC 28,973 28,973
VENTAS INC 17,930 17,930
URBAN EDGE PROPERTIES 8,440 8,440
FIBROGEN INC 62,190 62,190
LAMB WESTON HOLDINGS INC 2,949 2,949
AGREE RLTY CORP 12,838 12,838
ALEXANDRIA REAL EST EQTS 18,937 18,937
BOSTON PPTYS INC 13,111 13,111
CENTERSPACE 4,518 4,518
CTO REALTY GROWTH INC 2,047 2,047
EPR PPTYS 7,997 7,997
EQUINIX INC 34,717 34,717
EQUITY RESIDENTIAL 24,072 24,072
PHILIP MORRIS INTL 13,562 13,562
GAMING AND LEISURE 19,377 19,377
INVITATION HOMES INC 16,569 16,569
KITE REALTY GROUP TR SHS 24,460 24,460
LIFE STORAGE INC 16,154 16,154
MEDICAL PPTYS TR INC 9,937 9,937
NETSTREIT CORP 9,843 9,843
POSTAL REALTY TR INC REG 1,482 1,482
PROLOGIS INC 61,438 61,438
PUBLIC STORAGE 27,739 27,739
REALTY INCM CRP MD 21,122 21,122
REXFORD INDL RLTY INC 18,414 18,414
SBA COMMUNICATIONS CORP 8,970 8,970
SIMON PROPERTY GROUP DEL 22,674 22,674
SUN COMMNTYS INC 27,742 27,742
UDR INC 21,650 21,650
HOST HOTELS & RESORTS 17,639 17,639
PHILLIPS 66 SHS 13,322 13,322
PROLOGIS INC 18,375 18,375
SCHWAB CHARLES CORP NEW 22,563 22,563
SCHWAB CHARLES CORP NEW 13,155 13,155
SHERWIN WILLIAM 14,477 14,477
TEXAS INSTRUMENTS 16,357 16,357
TJX. COS INC NEW 20,218 20,218
UNITEDHEALTH GROUP INC 18,556 18,556
WORKDAY INC CL A 26,271 26,271
AMER FUNDS AMERICAN 439,107 439,107
AMER FUNDS NEW 524,839 524,839
ARTISAN INTERNATIONAL 543,712 543,712
BLACKROCK GLOBAL 407,651 407,651
COLUMBIA SELIGMAN TECH 298,699 298,699
DOUBLELINE SHILLER 251,578 251,578
DOUBLELINE TOTAL RETURN 403,862 403,862
EATON VANCE FLOATING 340,737 340,737
RIVIAN AUTOMOTIVE 2,138 2,138
INVESCO S&P 500 EQUAL 204,671 204,671
PIMCO COMMODITIESPLUS 139,394 139,394
PIMCO INCOME FUND CL I2 487,429 487,429
PIMCO INTERNATIONAL BOND 269,672 269,672
SPDR GOLD TRUST 278,210 278,210
VANGUARD DIVIDEND 573,556 573,556
VANGUARD HIGH DVD YIELD 553,927 553,927
VANGUARD 500 INDEX FUND 333,290 333,290
WESTERN ASSET CORE PLUS 405,911 405,911
DOUBLELINE TOTAL RETURN 14,255 14,255
ISHARES 0-5 YEAR TIPS 9,696 9,696
PIMCO INCOME FUND CL I2 12,115 12,115
PIMCO LOW DURATION 12,315 12,315
VANGUARD HIGH DVD YIELD 7,574 7,574
VANGUARD INTL HIGH DIVID 3,573 3,573
J P MORGAN EXCHANGE ETF 212,501 212,501
BLACKSTONE REAL ESTATE 230,095 230,095
PROCTER & GAMBLE 6,972 6,972
NIKE INC CL B 9,478 9,478
TEXAS INSTRUMENTS 17,513 17,513
TJX COS INC NEW 16,955 16,955
TRANE TECHNOLOGIES PLC 13,951 13,951
UNION PACIFIC CORP 14,909 14,909
UNITEDHEALTH GROUP INC 28,100 28,100
WALMART INC 12,619 12,619
WEC ENERGY GROUP INC SHS 17,533 17,533
ABBVIE INC SHS 20,363 20,363
ADVNCD MICRO D INC 17,035 17,035
ALPHABET INC SHS 14,019 14,019
AMAZON COM INC COM 25,788 25,788
AMERICAN TOWER REIT INC 18,008 18,008
ANALOG DEVICES INC COM 5,577 5,577
APPLE INC 34,821 34,821
NVIDIA 7,745 7,745
ASML HLDG NV NY REG SHS 18,578 18,578
BLACKSTONE INC 16,322 16,322
CAESARS ENTERTAINMENT 5,658 5,658
COSTAR GROUP INC 20,711 20,711
DANAHER CORP DEL COM 16,987 16,987
DEERE CO 22,296 22,296
DEXCOM INC 5,662 5,662
FREEPORT-MCMORAN INC 6,612 6,612
HILTON WORLDWIDE 13,394 13,394
HOWMET AEROSPACE INC 9,222 9,222
JPMORGAN CHASE & CO 8,851 8,851
MASTERCARD INC 39,641 39,641
MATCH GROUP INC 2,655 2,655
META PLATFORMS INC 19,856 19,856
MICROSOFT CORP 59,955 59,955
ATLASSIAN CORP 9,136 9,136
FEDERATED HERMES INSTL 1,728,880 1,728,880
Northern Trust S&P 500 Index Fund (core) 30,556,172 30,556,172
GW&K - Small Cap Core Equity CIT 2,472,527 2,472,527
Baillie Gifford EAFE Pure K 6,848,880 6,848,880
Causeway International Value Instl 7,179,236 7,179,236
Cusana Global Emerging Markets Equity Fund 2,714,460 2,714,460
Lazard Emerging Markets Equity Instl 2,789,624 2,789,624
Lazard Emerging Discounted Assets Fund 3,212,099 3,212,099
The TCW Group - Core Plus Fixed Income 11,169,865 11,169,865
Western Asset Core Commingled 10,604,177 10,604,177
Ninety One Emerging Debt Fund 2,527,942 2,527,942
Cohen & Steers Real Estate Securities Fund 9,176,302 9,176,303

TY 2022 InvestmentsOtherSchedule2
Name:
Offutt Family Foundation
EIN:
26-6574983
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARTHUR VENTURES IV, LP AT COST 139,137 154,228
RIVER OAKS FINANCIAL FUND AT COST 1,325,903 2,245,683
ARTHUR VENTURES GROWTH III, LP AT COST 441,811 451,850
BLUEGRASS PARENT LLC AT COST 23,530,000 23,530,000
STERLING MULTIFAMILY TRUST FMV 317,093 317,093
PPC AV 1, LLC AT COST 563,068 570,015
El Dorado Merrill Ranch LLC AT COST 850,000 850,000
NORTHSTAR MEZZANINE PARTNERS AT COST 639,365 701,686
Sonoran West II AT COST 2,485,105 2,500,000
Oaktree Capital Management - US High Yield Bonds AT COST 4,368,756 4,388,191

TY 2022 OtherExpensesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Basis Investment Expenses from K-1 193,276 193,276   0
Training and Development 6,156 0   6,156
Supplies 60 0   60
Golf Tournamnet Expense 7,111 0   0
Non deductible expenses 4 4   0


TY 2022 OtherIncomeSchedule2
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Nondividend Distributions 18,650   18,650
Other income from passthorugh entities -14,085 -14,085 -14,085
Unrelated Business Income from Passthrough Entities 122   122
Gross Income from Special Fundraising Events 26,570   26,570


TY 2022 OtherIncreasesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Amount
Unrealized gain 12,605,301


TY 2022 OtherLiabilitiesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Beginning of Year - Book Value End of Year - Book Value
LLC investment purchase payable 0 850,000


TY 2022 OtherProfessionalFeesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Other Professional Fees 1,671 0   1,671
Professional Expenses 237,421 109,947   127,474