Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 12-01-2021 , and ending 11-30-2022
Name of foundation
CLEARY-KUMM FOUNDATION INC
 
% Haley R Ondell
Number and street (or P.O. box number if mail is not delivered to street address)509 2nd Street North STE 201
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
La Crosse, WI54601
A Employer identification number

39-1426785
B Telephone number (see instructions)

(608) 783-7500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$17,531,044J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 12,164 12,164  
4 Dividends and interest from securities... 445,682 445,682  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -49,028
b Gross sales price for all assets on line 6a 888,843
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 408,818 457,846  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
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)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,504      
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 97,772 79,290   18,482
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 133,276 79,290   18,482
25 Contributions, gifts, grants paid....... 944,289 944,289
26 Total expenses and disbursements. Add lines 24 and 25 1,077,565 79,290   962,771
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -668,747
b Net investment income (if negative, enter -0-) 378,556
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,681 -461,423 -461,423
2 Savings and temporary cash investments......... 60,939 532,746 532,746
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 4,565,498 Click to see attachment4,579,225 14,561,634
c Investments—corporate bonds (attach schedule)....... 3,390,788 Click to see attachment2,701,611 2,898,087
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,020,906 7,352,159 17,531,044
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 8,020,906 7,352,159
29 Total net assets or fund balances (see instructions)..... 8,020,906 7,352,159
30 Total liabilities and net assets/fund balances (see instructions). 8,020,906 7,352,159
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
8,020,906
2
Enter amount from Part I, line 27a .....................
2
-668,747
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
7,352,159
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,352,159
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 22.816 Shares of Invesco Developing Markets CL R6 P 2021-12-15 2022-03-22
b 3.142 Shares of Invesco Developing Markets CL R6 P 2021-12-15 2022-03-22
c 16.256 Shares of Baillie Gifford Emerging Markets Instl CL P 2021-12-30 2022-03-22
d 14.458 Shares of Baillie Gifford Emerging Markets Instl CL P 2021-12-30 2022-03-22
e 28.355 Shares of Baron Emerging Markets Instl CL P 2021-11-24 2022-03-22
43.654 Shares of Conestoga Small Cap Instl CL P 2021-12-06 2022-03-22
314.912 Shares of Federated Hermes MDT Small Cap Core Instl CL P 2021-12-07 2022-03-22
259.779 Shares of Federated Hermes MDT Small Cap Core Instl CL P 2021-12-07 2022-03-22
14.353 Shares of Federated Hermes MDT Small Cap Core Instl CL P 2021-12-31 2022-03-22
60.566 Shares of Fidelity Advisor Intl Small Cap CL Z P 2021-10-25 2022-03-22
545.314 Shares of Oakmark Intl Instl CL P 2021-10-25 2022-03-22
373.742 Shares of WCM Focused Intl Growth Instl CL P 2021-10-25 2022-03-22
37.739 Shares of Vanguard Value Index Admiral CL P 2021-03-25 2022-03-22
37.694 Shares of Vanguard Value Index Admiral CL P 2021-06-24 2022-03-22
40.596 Shares of Vanguard Value Index Admiral CL P 2021-09-24 2022-03-22
43.531 Shares of Vanguard Value Index Admiral CL P 2021-12-27 2022-03-22
179.073 Shares of Victory Sycamore Small Company OPPTY CL I P 2021-12-17 2022-03-22
36.292 Shares of Victory Sycamore Small Company OPPTY CL I P 2021-12-17 2022-03-22
8.502 Shares of Victory Sycamore Small Company OPPTY CL I P 2021-12-23 2022-03-22
16.532 Shares of Oakmark Intl Instl CL P 2021-10-25 2022-06-22
46.716 Shares of Oakmark Intl Instl CL P 2021-10-17 2022-06-22
33.599 Shares of T Rowe Price Large Cap Growth CL I P 2021-12-16 2022-06-22
14.62 Shares of T Rowe Price Large Cap Growth CL I P 2021-12-16 2022-06-22
63.36 Shares of T Rowe Price Large Cap Growth CL I P 2022-03-22 2022-06-22
213.767 Shares of Loomis Sayles Growth CL Y P 2021-12-23 2022-06-22
13.179 Shares of Loomis Sayles Growth CL Y P 2021-12-23 2022-06-22
127.535 Shares of Loomis Sayles Growth CL Y P 2022-03-22 2022-06-22
43.084 Shares of Touchstone Sands Cap Select CL R6 P 2021-12-10 2022-06-22
67.82 Shares of Touchstone Sands Cap Select CL R6 P 2021-12-10 2022-06-22
37.658 Shares of Vanguard Value Index Admiral CL P 2022-03-23 2022-06-22
0.359 Shares of Neogen Corp Cash in Lieu P 2022-08-26 2022-09-09
4.658 Shares of Invesco Developing Markets CL R6 P 2021-12-15 2022-11-29
69.463 Shares of Baillie Gifford Emerging Markets Instl CL P 2020-04-16 2022-03-22
131.579 Shares of Baron Emerging Markets Instl CL P 2022-04-16 2022-03-22
523.202 Shares of Federated Hermes MDT Small Cap Core Instl CL P 2018-01-18 2022-03-22
16.029 Shares of Federated Hermes MDT Small Cap Core Instl CL P 2020-12-31 2022-03-22
1519.545 Shares of T Rowe Price Instl Intl Concentrated Equity P 2017-05-16 2022-03-22
409.906 Shares of Vanguard Value Index Admiral CL P 2020-03-19 2022-03-22
53.275 Shares of Vanguard Value Index Admiral CL P 2020-06-25 2022-03-22
47.702 Shares of Vanguard Value Index Admiral CL P 2020-09-25 2022-03-22
46.091 Shares of Vanguard Value Index Admiral CL P 2020-12-24 2022-03-22
179.851 Shares of Victory Sycamore Small Company OPPTY CL I P 2020-03-13 2022-03-22
5.517 Shares of Victory Sycamore Small Company OPPTY CL I P 2020-12-17 2022-03-22
10.485 Shares of Victory Sycamore Small Company OPPTY CL I P 2020-12-23 2022-03-22
118.848 Shares of Oakmark Intl Instl CL P 2009-10-01 2022-06-22
13.428 Shares of Oakmark Intl Instl CL P 2020-12-11 2022-06-22
243.785 Shares of T Rowe Price Large Cap Growth CL I P 2017-05-16 2022-06-22
59.71 Shares of T Rowe Price Large Cap Growth CL I P 2020-12-16 2022-06-22
245.676 Shares of Loomis Sayles Growth CL Y P 2015-12-28 2022-06-22
192.92 Shares of Loomis Sayles Growth CL Y P 2020-12-23 2022-06-22
6.389 Shares of Loomis Sayles Growth CL Y P 2020-12-23 2022-06-22
3.722 Shares of Loomis Sayles Growth CL Y P 2022-12-23 2022-06-22
369.787 Shares of T Rowe Price Instl Intl Concentrated Equity P 2017-05-16 2022-06-22
328.859 Shares of Vanguard Value Index Admiral CL P 2020-03-19 2022-06-22
15000 Shares of Pimco Dynamic Income Opportunities Fund P 2021-01-27 2022-11-30
10000 Shares of Western Asset Diversifies Income Fund P 2021-06-25 2022-11-30
10000 Shares of Blackrock Health Sciences Trust II P 2020-01-29 2022-11-30
29.291 Shares of Invesco Developing Markets CL R6 P 2017-05-16 2022-11-29
515.949 Shares of Invesco Developing Markets CL R6 P 2020-04-16 2022-11-29
89.059 Shares of Baillie Gifford Emerging Markets Instl CL P 2020-03-23 2022-11-29
930.018 Shares of Baillie Gifford Emerging Markets Instl CL P 2020-04-16 2022-11-29
219.994 Shares of Baron Emerging Markets Instl CL P 2020-03-23 2022-11-29
1193.05 Shares of Baron Emerging Markets Instl CL P 2020-04-16 2022-11-29
(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 901   1,063 -162
b 122   146 -24
c 346   392 -46
d 308   349 -41
e 435   509 -74
3,255   3,667 -412
7,775   8,043 -268
6,414   6,635 -221
354   377 -23
1,841   2,134 -293
14,211   15,956 -1,745
8,589   10,749 -2,160
2,177   1,895 282
2,174   1,999 175
2,342   2,183 159
2,511   2,463 48
9,135   9,115 20
1,851   1,847 4
434   434  
381   484 -103
1,078   1,270 -192
1,655   2,470 -815
720   1,075 -355
1,479   1,903 -424
3,965   5,579 -1,614
244   344 -100
2,366   3,079 -713
425   844 -419
669   1,329 -660
1,910   2,172 -262
7   7  
165   217 -52
1,479   1,160 319
2,017   1,541 476
12,918   10,909 2,009
396   375 21
17,551   19,906 -2,355
23,643   13,453 10,190
3,073   2,035 1,038
2,751   1,893 858
2,659   2,104 555
9,174   6,023 3,151
281   261 20
535   486 49
2,742   1,898 844
310   342 -32
12,009   8,359 3,650
403   488 -85
4,557   2,842 1,715
3,579   4,433 -854
119   147 -28
69   86 -17
3,827   4,844 -1,017
16,680   10,793 5,887
214,900   300,000 -85,100
133,104   200,000 -66,896
159,143   200,000 -40,857
1,036   1,115 -79
18,254   18,688 -434
1,600   1,261 339
16,712   15,531 1,181
2,853   2,198 655
15,474   13,971 1,503
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       -162
b       -24
c       -46
d       -41
e       -74
      -412
      -268
      -221
      -23
      -293
      -1,745
      -2,160
      282
      175
      159
      48
      20
      4
       
      -103
      -192
      -815
      -355
      -424
      -1,614
      -100
      -713
      -419
      -660
      -262
       
      -52
      319
      476
      2,009
      21
      -2,355
      10,190
      1,038
      858
      555
      3,151
      20
      49
      844
      -32
      3,650
      -85
      1,715
      -854
      -28
      -17
      -1,017
      5,887
      -85,100
      -66,896
      -40,857
      -79
      -434
      339
      1,181
      655
      1,503
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 -49,028
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 -2,948
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 5,262
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 5,262
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,264
b Exempt foreign organizations—tax withheld at source...... 6b  
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.............. Part VI Line 7 - Tax Paid with the Original Return: 20264 7 20,264
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 15,002
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet15,002 RefundedBullet 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bullet
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHaley Ondell Telephone no.bullet (608) 783-7500

    Located atbullet509 2nd Street North Suite 201La CrosseWI ZIP+4bullet54601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    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
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    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
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
    No
    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
     
    No
    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
    Gail K Cleary President Director
    000.50     		0    
    509 2nd Street North Suite 201
    La Crosse,WI54601
    Kristine H Cleary Vice President Secretary
    000.50     		0    
    509 2nd Street North Suite 201
    La Crosse,WI54601
    Sandra G Cleary Vice President Treasurer
    000.00     		0    
    509 2nd Street North Suite 201
    La Crosse,WI54601
    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...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 NONE  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    18,388,563
    b
    Average of monthly cash balances.......................
    1b
    166,751
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    18,555,314
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    18,555,314
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    278,330
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    18,276,984
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    913,849
    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
    913,849
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    5,262
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,262
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    908,587
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    908,587
    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
    908,587
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 908,587
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 933,981
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 962,771
    a Applied to 2020, but not more than line 2a 933,981
    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 2021 distributable amount..... 28,790
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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 ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		879,797
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    The Cleary-Kumm Foundation Inc
    509 N 2nd Street Suite 201
    La Crosse,WI54601
    (608) 783-7500
    hondellcmclax.com
    bThe form in which applications should be submitted and information and materials they should include:
    Letter outlining organizations needs and tax exempt qualifications and a brief resume of organizations past qualifying activities
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    None - except contributions are not made directly to individuals
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Alzheimer's Association Wis Chapter
    7900 West 78th Street Suite 100
    Minneapolis,MN55439     		  PC Medical Research 2,000
    American Players Theatre
    PO Box 819
    Spring Green,WI53588     		  PC Annual Gift 250
    American Red Cross
    4860 Sheboygan Ave
    Madison,WI53705     		  PC Contribution Hurricane Ian 35,000
    American Red Cross
    4860 Sheboygan Ave
    Madison,WI53705     		  PC Housing Homeless 50,000
    Boy Scouts of America
    2600 Quarry Road
    La Crosse,WI54601     		  PC Enchanted Forest Landmark by the Rivers 1,000
    Boy Scouts of America
    2600 Quarry Road
    La Crosse,WI54601     		  PC Troop 11 - Christmas Wreaths Garland 805
    Boy Scouts of America
    2600 Quarry Road
    La Crosse,WI54601     		  PC Youth Education Rehabilitation 9,000
    Boy Scouts of America
    2600 Quarry Road
    La Crosse,WI54601     		  PC Troop 11 - Christmas Wreaths Garland 184
    Boys & Girls Club of Milwaukee
    1558 N 6th St
    Milwaukee,WI53212     		  PC Grandchild Donation - William Coffey 1,000
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Contributions 25,000
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Hole Sponsor 2 Players 500
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Honor of Sandy Cleary 2022 Wall of Fame 5,000
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Contributions 15,000
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Memorial for Kathy Pierce Jeffrey 350
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Memorial Linda Lyche 1,000
    Boys & Girls Clubs of Greater La Crosse
    PO Box 91
    La Crosse,WI54601     		  PC Employee Donations - Haley Ondell 1,000
    Catholic Charities of Oregon
    2740 SE Powell Blvd
    Portland,OR97202     		  PC Employee Donations - Patrick Zywicki 1,000
    Children's Museum of La Crosse
    207 5th Avenue South
    La Crosse,WI54601     		  PC Operating Budget 10,000
    Children's Museum of La Crosse
    207 5th Avenue South
    La Crosse,WI54601     		  PC Childrens Educational Exhibits 10,000
    Clean Wisconsin
    634 W Main St 300
    Madison,WI53703     		  PC Grandchild Donation - Russell Heise 1,000
    Coulee Region Humane Society
    911 Critter Court
    Onalaska,WI54650     		  PC Donation 500
    Coulee Region RSVP
    2920 East Avenue S Ste 104
    La Crosse,WI54601     		  PC Donation 1,000
    Crime Stoppers La Crosse Area
    PO Box 2424
    La Crosse,WI54602     		  PC Donation 300
    Da Capo Concert Band
    2400 So 30th Street
    La Crosse,WI54601     		  PC Honor of George Marita Smith 500
    Delta Zeta Foundation
    PO Box 6491 Dept 327
    Indianapolis,IN46206     		  PC Donation 250
    Family & Children's Center
    1707 Main Street
    La Crosse,WI54601     		  PC Matching Grant 25,000
    First Presbyterian Church
    233 West Avenue South
    La Crosse,WI54601     		  PC Memorial - Sacia Morris 300
    First Presbyterian Church
    233 West Avenue South
    La Crosse,WI54601     		  PC Annual Gift/Operating Budget - Gail Cleary 20,000
    First Presbyterian Church
    233 West Avenue South
    La Crosse,WI54601     		  PC Annual Gift/Operating Budget - Sandra Cleary 5,000
    First Presbyterian Church
    233 West Avenue South
    La Crosse,WI54601     		  PC Annual Gift/Operating Budget - Kristine Cleary 1,000
    Florida Oceanographic Society
    890 NE Ocean Boulevard
    Stuart,FL34996     		  PC Annual Membership 250
    Franciscan Spirituality Center
    920 Market Street
    La Crosse,WI54601     		  PC Annual Art Dash 200
    French Island Lions Club
    1621 La Crescent Street
    La Crosse,WI54603     		  PC 20th Annual Run/Walk Fundraiser Sponsor 200
    Friends of McGilvray Road Inc
    PO Box 2976
    La Crosse,WI546022976     		  PC Donation 1,000
    Girl Scouts of Wisconsin Badgerland
    4801 S Biltmore Lane
    Madison,WI53718     		  PC Youth Education 2,000
    Great Rivers United Way Inc
    1855 E Main Street
    Onalaska,WI54650     		  PC Annual Gift - Gail Cleary 17,000
    Great Rivers United Way Inc
    1855 E Main Street
    Onalaska,WI54650     		  PC Annual Gift - Sandra Cleary 16,500
    Great Rivers United Way Inc
    1855 E Main Street
    Onalaska,WI54650     		  PC Annual Gift - Kristine Cleary 16,500
    Grow La Crosse
    PO Box 1241
    La Crosse,WI54602     		  PC Donation 500
    Gundersen Medical Foundation
    1836 South Avenue
    La Crosse,WI54601     		  PC Steppin Out in Pink-Platinum Sponsorship 7,000
    Gundersen Medical Foundation
    1836 South Avenue
    La Crosse,WI54601     		  PC Memorial - Dr. Kermit Newcomer 250
    Gundersen Medical Foundation
    1836 South Avenue
    La Crosse,WI54601     		  PC Gale Kreibich Memorial Oncology Fund 500
    Gundersen Medical Foundation
    1836 South Avenue
    La Crosse,WI54601     		  PC Employee Donations - Aidan Franz 1,000
    Habitat for Humanity La Crosse Area
    3181 Berlin Drive
    La Crosse,WI54601     		  PC Donation 1,000
    HorseSense Inc
    PO Box 906
    La Crosse,WI54602     		  PC Donation 1,000
    Impact 100 Greater Milwaukee
    PO Box 1061
    Brookfield,WI53008     		  PC Annual Membership Dues 1,100
    Irishfest La Crosse
    PO Box 215
    La Crosse,WI546020215     		  PC Sponsorship 200
    joewasjustjoe Foundation
    2026 Barnabee Road
    La Crosse,WI54601     		  PC Donation 500
    Kellogg Executive MBA Program
    1007 Church Street Suite 400
    Evanston,IL60201     		  PC Annual Contribution 1,000
    La Crosse City Vision Foundation
    PO Box 175
    La Crosse,WI546020175     		  PC Lamplight Investor/Membership - Landmark by the River 500
    La Crosse City Vision Foundation
    PO Box 175
    La Crosse,WI546020175     		  PC Lamplight Investor/Membership - Courtyard by Marriott 500
    La Crosse Community Foundation
    401 Main Street
    La Crosse,WI54601     		  PC La Crosse Jazz Orchestra 200
    La Crosse Community Foundation
    401 Main Street
    La Crosse,WI54601     		  PC Memorial - Sue M. Quillin 100
    La Crosse County Historical Society
    145 West Avenue South
    La Crosse,WI54601     		  PC Contribution - Help La Crosse County Historical Society Grow 1,000
    La Crosse County Library
    2548 Lakeshore Drive
    La Crosse,WI54603     		  PC Town of Campbell Library for M.Collins Memorial 500
    La Crosse Kiwanis Club
    PO Box 61
    La Crosse,WI546020061     		  PC Special Day for Special People 500
    La Crosse Logan Alumni Association Inc
    3034 Youngdale Ave
    La Crosse,WI54603     		  PC Scholarships for Graduating Logan High School Seniors 200
    La Crosse Neighborhoods Inc
    PO Box 1661
    La Crosse,WI54602     		  PC Community Service 20,000
    La Crosse Promise Foundation
    PO Box 2394
    La Crosse,WI546022394     		  PC La Crosse Future Center Support 5,000
    La Crosse Public Library
    800 Main Street
    La Crosse,WI54601     		  PC Donation 2,000
    La Crosse Skyrockers
    PO Box 2223
    La Crosse,WI54602     		  PC Local Festival 500
    La Crosse Skyrockers
    PO Box 2223
    La Crosse,WI54602     		  PC Donation 500
    La Crosse Thanksgiving Dinner
    PO Box 662
    La Crosse,WI546020662     		  PC Annual Donation - La Crosse Community Thanksgiving Dinner 5,000
    Lake Onalaska Protection & Rehabilitation
    W8155 Co Rd ZB
    Onalaska,WI54650     		  PC Donation 100
    Lincoln Middle School
    510 South 9th Street
    La Crosse,WI54601     		  PC German School Support 500
    Living for Liz
    1415 Cedar Drive
    La Crescent,MN55947     		  PC Employee Donations - Robin Hinton 1,000
    Logan High School Yearbook
    1500 Ranger Drive
    La Crosse,WI54603     		  PC Yearbooks 500
    Lurie Children's Foundation
    225 East Chicago Avenue Box 4
    Chicago,IL606112991     		  PC Grandchild Donation - Sara Cleary Coffey 1,000
    Luther College
    700 College Drive
    Decorah,IA521011043     		  PC Education 5,000
    Marquette University Law School
    PO Box 1881
    Milwaukee,WI532011881     		  PC Marquette Law Womens Scholarship 2,500
    Marquette University Law School
    PO Box 1881
    Milwaukee,WI532011881     		  PC Education 50,000
    Mayo Clinic
    200 First St SW
    Rochester,MN55905     		  PC President Strategic Fund 10,000
    Mayo Clinic
    200 First St SW
    Rochester,MN55905     		  PC Three Times Challenge Opportunity for Mayo Clinics vital Work 30,000
    Mayo Clinic
    200 First St SW
    Rochester,MN55905     		  PC Challenge Opportunity Help Power the Transformation of Health Care 50,000
    Medical College of Wisconsin
    PO Box 26509
    Milwaukee,WI532260509     		  PC Annual Fund for Excellence 1,000
    Medical College of Wisconsin
    PO Box 26509
    Milwaukee,WI532260509     		  PC Annual Fund for Excellence 2,000
    Milwaukee Homeless Veterans Initiative
    1300 W Canal St
    Milwaukee,WI53233     		  PC Milwaukee Urban Eco-athlon 250
    Milwaukee Homeless Veterans Initiative
    1300 W Canal St
    Milwaukee,WI53233     		  PC Sponsorship - Milwaukee Urban Eco-athlon 1,000
    Minnesota Public Radio
    PO Box 860294
    Saint Paul,MN554860294     		  PC Annual Membership 100
    Mississippi Valley Conservancy
    PO Box 2611
    La Crosse,WI54602     		  PC Annual Membership Renewal 500
    Mobile Meals of La Crosse Inc
    2600 Quarry Road
    La Crosse,WI54601     		  PC Annual Gift 500
    National Fire Safety Council
    La Crosse Fire Department
    La Crosse,WI546014512     		  PC Fire Safety Education Material for Children and Families 250
    Norskedalen
    PO Box 235
    Coon Valley,WI54623     		  PC Memorial - Signe Gundersen Schroeder 250
    Norskedalen
    PO Box 235
    Coon Valley,WI54623     		  PC Donation 500
    Northwestern University Athletic Dept
    1201 Davis Street
    Evanston,IL602084410     		  PC Sara Coffey Alumni 1,500
    Oktoberfest USA Gemutlichkeit Foundation
    PO Box 1716
    La Crosse,WI546021716     		  PC Memorial - Lou Smith 300
    Oktoberfest USA Gemutlichkeit Foundation
    PO Box 1716
    La Crosse,WI546021716     		  PC Miss La Crosse Oktoberfest Scholarship 500
    Oktoberfest USA Gemutlichkeit Foundation
    PO Box 1716
    La Crosse,WI546021716     		  PC Memorial - Rebhan 100
    Oktoberfest USA Gemutlichkeit Foundation
    PO Box 1716
    La Crosse,WI546021716     		  PC Memorial Sandy Kapellas 300
    Outdoor Recreation Alliance
    125 7th Street N
    La Crosse,WI54601     		  PC Memorial for Betty Heuslein 500
    PBS Wisconsin
    821 University Avenue
    Madison,WI53708     		  PC Annual Membership 100
    Preservation Alliance of La Crosse
    119 King Street
    La Crosse,WI54601     		  PC Ornament Sponsorship 1,000
    Preservation Alliance of La Crosse
    119 King Street
    La Crosse,WI54601     		  PC Membership 250
    Pump House Regional Arts Center
    119 King Street
    La Crosse,WI54601     		  PC Art Angel Membership 1,000
    Pump House Regional Arts Center
    119 King Street
    La Crosse,WI54601     		  PC Honor of Toni Asher 250
    Riverfest Inc
    PO Box 1745
    La Crosse,WI546021745     		  PC Ensign Level Sponsorship 500
    Rotary Foundation
    14280 Collections Center Drive
    Chicago,IL60693     		  PC Annual Gift 1,000
    Rotary Lights
    PO Box 215
    La Crosse,WI546020215     		  PC Christmas Light Display 2,500
    Saint John XXIII Sponsorship
    900 Viterbo Drive
    La Crosse,WI546018804     		  PC Saint John XXIII Sponsorship 500
    Salvation Army
    PO Box 156
    La Crosse,WI546020156     		  PC Portion of Annual Gift 25,000
    Salvation Army
    PO Box 156
    La Crosse,WI546020156     		  PC Portion of Annual Gift 25,000
    Salvation Army
    PO Box 156
    La Crosse,WI546020156     		  PC Community Service 50,000
    Second Harvest Foodbank of Southern Wis
    2802 Dairy Drive
    Madison,WI53718     		  PC Grandchild Donation - Katherine Cleary Heise 1,000
    Shriners Hospitals for Children
    PO Box 947765
    Atlanta,GA30394     		  PC Memorial for John A. Mooney II 500
    St Elias Antiochian Orthodox Church
    716 Copeland Ave
    La Crosse,WI546023176     		  PC Building Expansion 10,000
    St Peters Lutheran Church
    120 Market Street
    Emden,IL62635     		  PC Memorial - Donald Johnson - Ann Monsons Father 200
    Stephens College
    1200 E Broadway Box 2035
    Columbia,MO652019955     		  PC Annual Support for The Stephens Fund 1,000
    The Charles E Kubly Foundation
    1341 W Mequon Road 220
    Mequon,WI53092     		  PC Denim Level Donor Sponsorship 500
    The Hunger Task Force of La Crosse
    1240 Clinton Street
    La Crosse,WI54603     		  PC A Taste of the Garden Fund Raiser 300
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Contribution - Matched by June 30th 2,000
    The Nature Conservancy
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC New Project 2,000
    The Parenting Place
    1500 Green Bay Street
    La Crosse,WI54601     		  PC New Project 500
    United Community CenterBruce-Guadalupe
    1028 S 9th Street
    Milwaukee,WI53204     		  PC United Community Center - Scholarship 5,000
    United Fund for the Arts & Humanities
    119 King Street
    La Crosse,WI54601     		  PC Pacesetters Contribution 2,500
    Universtiy of Notre Dame
    1100 Grace Hall
    Notre Dame,IN46556     		  PC Stephen Marian Pavela Memorial Fund 200
    Urban Ecology Center
    1500 E Park Pl
    Milwaukee,WI53211     		  PC HKE MKE Fundraiser 1,000
    UW LaCrosse Foundation Inc
    615 East Avenue North
    La Crosse,WI54601     		  PC UWLs Giving Day 2,000
    UW Madison Foundation
    Box 78236
    Milwaukee,WI532780236     		  PC Business School 50,000
    UW Madison Foundation
    Box 78236
    Milwaukee,WI532780236     		  PC School of Business Fund 10,000
    Villanova University
    800 E Lancaster Avenue
    Villanova,PA190859971     		  PC Annual Alumni Gift - Megan Coffey 2,000
    Viterbo University
    900 Viterbo Drive
    La Crosse,WI54601     		  PC Loving Memory of Pat Heise 1,000
    Viterbo University
    900 Viterbo Drive
    La Crosse,WI54601     		  PC Memorial - Lilyan Tanke Nursing Program 350
    Wafer Food Pantry
    403 Causeway Blvd
    La Crosse,WI54603     		  PC Renovation of the WAFER Food Pantry 100,000
    Wafer Food Pantry
    403 Causeway Blvd
    La Crosse,WI54603     		  PC Honor Shawn Mary Jo Werners 25th Wedding Anniversary 100
    WAGGGS - Our Chalet
    PO Box 6457 - Dept 276
    Indianapolis,IN46206     		  PC Youth Education 1,000
    Western Technical College Foundation
    400 7th St N
    La Crosse,WI54602     		  PC Scholarship Golf Outing 650
    Western Technical College Foundation
    400 7th St N
    La Crosse,WI54602     		  PC Westerns Urban Green Space 500
    Western Technical College Foundation
    400 7th St N
    La Crosse,WI54602     		  PC Education 50,000
    Western Technical College Foundation
    400 7th St N
    La Crosse,WI54602     		  PC Employee Donations - Jan Clark Jana Knights 2,000
    Wisconsin Historical Foundation
    PO Box 260050
    Madison,WI53726     		  PC Annual Membership Wisconsin Historical Society 1,500
    Wisconsin Historical Foundation
    PO Box 260050
    Madison,WI53726     		  PC 5th Year of 5 Year Pledge - Old World Brewery Experience 50,000
    Wisconsin Interscholastic Athletic Assoc
    5516 Vern Holmes Drive
    Stevens Point,WI544828833     		  PC 1st Year of 5Yr Pledge 10,000
    Wisconsin Nature Conservancy
    633 West Main St
    Madison,WI53703     		  PC TNC Columbia 20,000
    WisCorps Inc
    789 Myrick Park Drive
    La Crosse,WI54601     		  PC Urban Ecology Center 20,000
    Women's Fund of Greater La Crosse
    PO Box 654
    La Crosse,WI546020654     		  PC Memorial - Jacqueline J Bruha 100
    Women's Fund of Greater La Crosse
    PO Box 654
    La Crosse,WI546020654     		  PC Annual Fall Womens Fund Luncheon 1,000
    World Central Kitchen
    200 Massachusetts Ave NW 7th Floor
    Washington,DC20001     		  PC Grandchild Donation - Megan Coffey 1,000
    Total .................................bullet 3a 944,289
    bApproved for future payment
    Wisconsin Interscholastic Athletic Association
    5516 Vern Holmes Drive
    Stevens Point,WI544828833     		  PC State Track Tournament 30,000
    Total .................................bullet 3b 30,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 12,164  
    4 Dividends and interest from securities ....          
    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 ............     		    14 -49,028  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   408,818  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    408,818
    (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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID: 21013554
    Software Version: 21.0.5.0
    Part VI Line 7 - Tax Paid with the Original Return: 20,264


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    CLEARY-KUMM FOUNDATION INC
    EIN:
    39-1426785
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Baird Stifel 2,701,611 2,898,087

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CLEARY-KUMM FOUNDATION INC
    EIN:
    39-1426785
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    130754 shares of Stifel 4,579,225 14,561,634

    TY 2021 OtherExpensesSchedule
    Name:
    CLEARY-KUMM FOUNDATION INC
    EIN:
    39-1426785
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CMC Admin Expenses 92,327 79,290   13,037
    Brokers Fee 5,328     5,328
    Globetax Relief Fee 105     105
    Miscelleanous 12     12


    TY 2021 TaxesSchedule
    Name:
    CLEARY-KUMM FOUNDATION INC
    EIN:
    39-1426785
    Software ID:
    21013554
    Software Version:
    21.0.5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Estimated Payments for 2022 Year 20,264      
    Tax Due with 2021 Return Year 15,240