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
KS FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

81-4952607
B Telephone number (see instructions)

(651) 466-8040
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$11,479,326J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 154,850 152,848  
5a Gross rents............ 562,548 0  
b Net rental income or (loss) 251,934
6a Net gain or (loss) from sale of assets not on line 10 271,950
b Gross sales price for all assets on line 6a 2,133,574
7 Capital gain net income (from Part IV, line 2)... 271,950
8 Net short-term capital gain......... 0
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
-300,640 186  
12 Total. Add lines 1 through 11........ 688,708 424,984  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,600 0 0 1,600
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
70,448 42,269   28,179
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
102,430 2,259   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
35,952 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
276,825     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 487,255 44,528 0 29,804
25 Contributions, gifts, grants paid....... 1,562,200 1,562,200
26 Total expenses and disbursements. Add lines 24 and 25 2,049,455 44,528 0 1,592,004
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,360,747
b Net investment income (if negative, enter -0-) 380,456
c Adjusted net income (if negative, enter -0-)... 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............. 484,401 428,916 428,916
2 Savings and temporary cash investments......... 349,164 246,403 246,403
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 4,591,217    
c Investments—corporate bonds (attach schedule)....... 1,587,245 Click to see attachment
List of Attached Documents:
// Content
298,358 		299,192
11 Investments—land, buildings, and equipment: basis right arrow1,651,184
Less: accumulated depreciation (attach schedule) right arrow276,922 1,408,077 1,374,262 5,200,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 639,222 Click to see attachment
List of Attached Documents:
// Content
5,650,525 		5,300,511
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,775 		Click to see attachment
List of Attached Documents:
// Content
4,304 		Click to see attachment
List of Attached Documents:
// Content
4,304
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,063,101 8,002,768 11,479,326
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
780,766 		Click to see attachment
List of Attached Documents:
// Content
755,946
23 Total liabilities (add lines 17 through 22)......... 780,766 755,946
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........ 8,282,335 7,246,822
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,282,335 7,246,822
30 Total liabilities and net assets/fund balances (see instructions). 9,063,101 8,002,768
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
8,282,335
2
Enter amount from Part I, line 27a .....................
2
-1,360,747
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
325,234
4
Add lines 1, 2, and 3 ..........................
4
7,246,822
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
7,246,822
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 4585.473 VANGUARD TOTAL STOCK MKT INDEX FD   2018-03-20 2022-03-24
b 2785.505 BAIRD AGGREGATE BOND FD INSTL   2020-07-29 2022-05-12
c 512.509 CALVERT SHORT DURATION INCOME I   2018-03-20 2022-05-12
d 863.593 FEDERATED HERMES INSTL HI YLD BD IS   2018-03-20 2022-05-12
e 82. VANGUARD GLOBAL EX U S REAL ETF   2018-03-20 2022-05-12
100000. APPLE INC 2.700% 5/13/22   2018-03-22 2022-05-13
50730.669 FEDERATED HERMES INSTL HI YLD BD IS   2018-03-20 2022-05-13
2685. ISHARES JPMORGAN USD EMERGING ETF   2018-03-20 2022-05-13
380. HEALTH CARE SELECT SECTOR S P D R   2019-05-08 2022-05-25
4415.011 ARTISAN HIGH INCOME FUND   2022-05-13 2022-05-26
1985.578 VANGUARD TOTAL STOCK MKT INDEX FD   2018-03-20 2022-05-26
1066. ISHARES CORE MSCI EAFE ETF   2018-03-20 2022-10-26
638.842 VANGUARD TOTAL STOCK MKT INDEX FD   2018-03-20 2022-10-26
447. ISHARES CORE MSCI EAFE ETF   2018-03-20 2022-10-27
380. UTILITIES SELECT SECTOR S P D R   2019-05-08 2022-10-27
810. ISHARES CORE MSCI EAFE ETF   2018-03-20 2022-11-15
1036.163 VANGUARD TOTAL STOCK MKT INDEX FD   2018-03-20 2022-11-15
100000. AMERICAN HONDA MTN 2.600% 11/16/22   2018-03-22 2022-11-16
2. CAPITAL GAIN DISTRIBUTIONS     2022-12-31
(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 507,016   312,592 194,424
b 28,356   33,231 -4,875
c 7,964   8,195 -231
d 7,539   8,437 -898
e 3,745   4,995 -1,250
100,000   100,000  
443,386   495,639 -52,253
239,337   299,539 -60,202
49,857   33,830 16,027
40,795   40,442 353
196,135   135,357 60,778
60,068   70,420 -10,352
59,623   43,550 16,073
24,967   29,529 -4,562
24,937   21,724 3,213
49,829   53,509 -3,680
101,005   70,635 30,370
100,000   100,000  
89,015     89,015
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       194,424
b       -4,875
c       -231
d       -898
e       -1,250
       
      -52,253
      -60,202
      16,027
      353
      60,778
      -10,352
      16,073
      -4,562
      3,213
      -3,680
      30,370
       
      89,015
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 2 271,950
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 5,288
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 5,288
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 5,288
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 10,965
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,965
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 5,677
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow5,288 Refundedright arrow 11 389
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowUS BANK Telephone no.right arrow (855) 452-4104

Located atright arrowPO BOX 0634MILWAUKEEWI ZIP+4right arrow53201
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
MARK KUTOFF PRESIDENT
5 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
DANIEL KUTOFF SECOND VICE PRESIDENT
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
FRANK SILVERBERG FIRST VICE PRESIDENT
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
MARK SILVERBERG SECRETARY
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
MAIER KUTOFF TREASURER
5 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
GERALD GOLDFEDER DIRECTOR
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
DENA SEIF DIRECTOR
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
BAILA SILVERBERG DIRECTOR
1 		0    
2815 JOPPA AVE
MINNEAPOLIS,MN55416
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
US BANK N A AGENT FOR TRUSTEE 70,448
PO BOX 0634
MILWAUKEE,WI532010634
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 arrow  
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,470,766
b
Average of monthly cash balances.......................
1b
708,418
c
Fair market value of all other assets (see instructions)................
1c
5,200,000
d
Total (add lines 1a, b, and c).........................
1d
12,379,184
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
12,379,184
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
185,688
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,193,496
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
609,675
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
609,675
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,288
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
5,288
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
604,387
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
604,387
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
604,387
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
1,592,004
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,592,004
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 7 604,387
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...... 612,885
b From 2018...... 963,950
c From 2019...... 2,366,170
d From 2020...... 1,894,080
e From 2021...... 893,872
f Total of lines 3a through e ........ 6,730,957
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,592,004
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..... 604,387
e Remaining amount distributed out of corpus 987,617
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,718,574
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		612,885
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		7,105,689
10 Analysis of line 9:
a Excess from 2018.... 963,950
b Excess from 2019.... 2,366,170
c Excess from 2020.... 1,894,080
d Excess from 2021.... 893,872
e Excess from 2022.... 987,617
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).)
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 e-mail address of the person to whom applications should be addressed:
MAIER KUTOFF
2815 JOPPA AVE
MINNEAPOLIS,MN55416
(999) 999-9999
bThe form in which applications should be submitted and information and materials they should include:
CONTACT FOUNDATION
cAny submission deadlines:
CONTACT FOUNDATION
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CONTACT FOUNDATION
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

CONGREGATION BAIS YISROEL

4221 SUNSET BLVD
MINNEAPOLIS,MN55416 		NONE PC GENERAL OPERATING 84,000

BAIS YAAKOV HIGH SCHOOL

4221 SUNSET BLVD
ST LOUIS PARK,MN55416 		NONE PC SCHOLARSHIPS 144,000

MIDWEST - NCSY

3200 WEST TOUHY AVE
SKOKIE,IL60076 		NONE PC GENERAL OPERATING 80,000

CONG AGUDATH ISRAEL OF BORO PARK

4911 16TH AVE
BROOKLYN,NY112041115 		NONE PC GENERAL OPERATING 25,000

AMERICAN FRIENDS OF YESHIVA DMIR INC

5227 NEW UTRECHT AVE
BROOKLYN,NY112193829 		NONE PC GENERAL OPERATING 50,000

MINNEAPOLIS COMMUNITY KOLLEL

2930 INGLEWOOD AVE S
ST LOUIS PARK,MN554164188 		NONE PC GENERAL OPERATING 384,000

TORAH ACADEMY OF MINNEAPOLIS

2800 JOPPA AVE S
ST LOUIS PARK,MN554164104 		NONE PC GENERAL OPERATING 360,000

TEMECH INC

45 BROADWAY 25TH FL
NEW YORK,NY100063777 		NONE PC GENERAL OPERATING 35,000

YESHIVA OF MINNEAPOLIS

3115 OTTAWA AVE S
ST LOUIS PARK,MN554162208 		NONE PC GENERAL OPERATING 340,200

TORAH HIGH OF CLEVELAND

25400 FAIRMOUNT BLVD
BEACHWOOD,OH441222256 		NONE PC GENERAL OPERATING 60,000
Total .................................right arrow 3a 1,562,200
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 154,850  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property..... 493000 251,934   0 0
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 271,950  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 186  
bRS MN EQUITIES LLC 900099 -300,826      
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -48,892 426,986 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
378,094
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,600     1,600

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

TY 2022 DepreciationSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
BURR OAK ONE 2017-09-18 885,889 104,089 M31 31 16,264      
635 YANKEE DOODLE 2017-09-18 199,077 48,596 M31 31 7,593      
3380 DODD ROAD 2017-09-18 343,101 63,732 M31 31 9,958      
BURR OAK II 2018-01-30 900,659 8,548 M31 31 2,137      

TY 2022 InvestmentsCorpBondsSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Name of Bond End of Year Book Value End of Year Fair Market Value
02665WCA7 AMERICAN HONDA MTN    
037833BF6 APPLE INC    
31420B300 FEDERATED HERMES INS    
06406RAE7 BANK OF NY MTN 98,584 99,879
464288281 ISHARES JPMORGAN USD    
05574LFY9 BNP PARIBAS MTN 98,942 99,741
277923728 EATON VANCE GLOBAL M    
084670BR8 BERKSHIRE HATHAWAY 100,832 99,572

TY 2022 InvestmentsCorpStockSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Name of Stock End of Year Book Value End of Year Fair Market Value
74316J458 CONGRESS MID CAP GRO    
06828M876 BARON EMERGING MARKE    
149498107 CAUSEWAY EMERGING MA    
46432F842 ISHARES CORE MSCI EA    
46090E103 INVESCO QQQ TRUST ET    
77957Y106 T ROWE PRICE MID CAP    
89609H704 TRIBUTARY SMALL COMP    
77954Q106 T ROWE PRICE BLUE CH    
412295107 HARDING LOEVNER INTE    
922908728 VANGUARD TOTAL STOCK    
19765N245 COLUMBIA DIVIDEND IN    
81369Y209 HEALTH CARE SELECT S    
81369Y886 UTILITIES SELECT SEC    
78467Y107 SPDR S P MIDCAP 400    
464287804 ISHARES CORE S P SMA    

TY 2022 InvestmentsOtherSchedule2
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
601 W COMPANIES MINNESOTA LLC      
635 YANKEE DOODLE AT COST 286,659  
3380 DODD ROAD AT COST 258,802  
BURR OAK ONE AT COST 201,185  
BURR OAK II      
412295107 HARDING LOEVNER INTE AT COST 352,834 356,641
04314H568 ARTISAN HIGH INCOME AT COST 234,559 215,353
19765N245 COLUMBIA DIVIDEND IN AT COST 569,301 745,432
77954Q106 T ROWE PRICE BLUE CH AT COST 232,755 224,179
74316J458 CONGRESS MID CAP GRO AT COST 174,125 199,571
81369Y209 HEALTH CARE SELECT S AT COST 120,632 184,077
922908728 VANGUARD TOTAL STOCK AT COST 600,859 820,595
46432F842 ISHARES CORE MSCI EA AT COST 261,069 243,601
06828M876 BARON EMERGING MARKE AT COST 287,374 237,688
464287804 ISHARES CORE S P SMA AT COST 57,447 68,141
74440B884 PGIM TOTAL RETURN BO AT COST 345,000 318,670
46090E103 INVESCO QQQ TRUST ET AT COST 174,745 278,529
78467Y107 SPDR S P MIDCAP 400 AT COST 199,999 250,176
277923728 EATON VANCE GLOBAL M AT COST 294,260 268,647
89609H704 TRIBUTARY SMALL COMP AT COST 136,813 123,664
149498107 CAUSEWAY EMERGING MA AT COST 276,047 163,473
56064L298 MAINSTAY CBRE GLOBAL AT COST 210,000 198,794
81369Y886 UTILITIES SELECT SEC AT COST 136,060 167,790
77957Y106 T ROWE PRICE MID CAP AT COST 240,000 235,490

TY 2022 OtherAssetsSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME   0 0
000000000 MISCELLANEOUS ENTRY 3,775 4,304 4,304


TY 2022 OtherExpensesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE FILING FEE/TAX 25 0   25
RENT AND ROYALTY EXPENSE (UBI)   -276,800   0
Rent and Royalty Expense 276,800      


TY 2022 OtherIncomeSchedule2
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 186 186  
PARTNERSHIP K-1 (UBI) -300,826 0  


TY 2022 OtherIncreasesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description Amount
RS MN EQUITIES LLC ADJ 239,697
BURR OAK II ADJ 40,000
LLC ADJUSTMENTS 45,537


TY 2022 OtherLiabilitiesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Description Beginning of Year - Book Value End of Year - Book Value
635 YANKEE DOODLE 66,864 81,414
3380 DODD ROAD 68,870 68,870
BURR OAK ONE 161,131 121,761
BURR OAK II 483,901 483,901


TY 2022 OtherProfessionalFeesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 70,448 42,269   28,179


TY 2022 TaxesSchedule
Name:
KS FAMILY FOUNDATION
EIN:
81-4952607
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 2,259 2,259   0
PY EXCISE TAX 94,261 0   0
ESTIMATED EXCISE TAX 5,910 0   0