TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
VIRGIL ADKINS TRUST 117702

Number and street (or P.O. box number if mail is not delivered to street address)4150 2ND STREET SOUTH STE 110
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
ST CLOUD, MN56301

A Employer identification number

41-1642234

B Telephone number (see instructions)

(320) 258-2464

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,326,562J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	34,850		34,157
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		49,860
b	Gross sales price for all assets on line 6a 777,482
7	Capital gain net income (from Part IV, line 2)...			49,860
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).......		815
12	Total. Add lines 1 through 11........	85,525		84,017
13	Compensation of officers, directors, trustees, etc.	17,130		12,848		4,282
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).......	List of Attached Documents: // Content	400	300	0	100
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	345	345		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	25	25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	17,900		13,518	0	4,382
25	Contributions, gifts, grants paid.......	61,501				61,501
26	Total expenses and disbursements. Add lines 24 and 25	79,401		13,518	0	65,883
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	6,124
b	Net investment income (if negative, enter -0-)			70,499
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	45,887	56,341	56,341
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	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).......	220,000	List of Attached Documents: // Content 252,246	351,271
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 930,553	List of Attached Documents: // Content 893,377	List of Attached Documents: // Content 918,950
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,196,440	1,201,964	1,326,562
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,196,440	1,201,964
	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).....	1,196,440	1,201,964
	30	Total liabilities and net assets/fund balances (see instructions).	1,196,440	1,201,964

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

1,196,440

Enter amount from Part I, line 27a .....................

6,124

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

907

Add lines 1, 2, and 3 ..........................

1,203,471

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

1,507

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,201,964

Form 990-PF (2023)

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	11. AMERIPRISE FINANCIAL INC		2022-02-14	2023-01-31
b	1. COSTCO WHOLESALE CORP (NEW)		2022-05-03	2023-01-31
c	1. COSTCO WHOLESALE CORP (NEW)		2019-05-06	2023-01-31
d	2. HONEYWELL INTERNATIONAL INC		2022-12-15	2023-01-31
e	131. HORMEL FOODS CORPORATION		2022-05-03	2023-01-31
	3336. ISHARES CORE U.S. AGGREGATE		2022-12-22	2023-01-31
	1. ELI LILLY & CO		2022-12-15	2023-01-31
	4. ELI LILLY & CO		2019-12-05	2023-01-31
	3. LULULEMON ATHLETICA INC		2022-12-15	2023-01-31
	3. MCKESSON HBOC INC		2022-12-08	2023-01-31
	6. QUANTA SERVICES INC		2022-12-08	2023-01-31
	2. T-MOBILE US INC		2022-02-14	2023-01-31
	2. NXP SEMICONDUCTORS NV		2022-12-08	2023-01-31
	1. AUTOMATIC DATA PROCESSING		2023-01-31	2023-03-14
	40. AUTOMATIC DATA PROCESSING		2022-02-14	2023-03-14
	10. COCA-COLA CO		2023-01-31	2023-03-14
	1. COSTCO WHOLESALE CORP (NEW)		2019-05-06	2023-03-14
	8. DUKE ENERGY CORP		2023-01-31	2023-03-14
	3. ELECTRONIC ARTS INC		2023-01-31	2023-03-14
	3. HONEYWELL INTERNATIONAL INC		2022-02-14	2023-03-14
	2. ELI LILLY & CO		2022-02-14	2023-03-14
	1. MCKESSON HBOC INC		2022-02-14	2023-03-14
	2. MICROSOFT CORP		2018-05-21	2023-03-14
	3. T-MOBILE US INC		2022-02-14	2023-03-14
	3444.303 BAIRD SHORT TERM BOND FD-INS		2022-05-04	2023-03-15
	2223.915 BAIRD CORE PLUS BOND-INST		2023-02-01	2023-03-15
	49.693 EATON VANCE E/M DBT OPP-I		2023-02-01	2023-03-15
	225.462 FED HERM TTL RTRN BND-R6		2023-02-01	2023-03-15
	67.936 GUGGENHEIM TOT RET BND-INST		2023-02-01	2023-03-15
	64.913 BRNDYWNGLBL CORP CRDT-I		2023-02-01	2023-03-15
	117.289 TCW TOTAL RETURN BOND-I		2023-02-01	2023-03-15
	57.453 VANGUARD SML CAP INDX-ADM		2022-05-04	2023-03-15
	178.933 VANGUARD SML CAP INDX-ADM		2016-11-02	2023-03-15
	8. AMERIPRISE FINANCIAL INC		2022-02-14	2023-06-06
	5. APPLE COMPUTER INC		2010-01-29	2023-06-06
	1. AVALONBAY COMMUNITIES INC		2022-12-08	2023-06-06
	6. BLACKSTONE INC		2023-01-31	2023-06-06
	3. BLACKSTONE INC		2022-02-14	2023-06-06
	9. CITIGROUP INC		2023-03-14	2023-06-06
	12. DUPONT DE NEMOURS INC		2023-01-31	2023-06-06
	4. ELECTRONIC ARTS INC		2023-01-31	2023-06-06
	2. EXPEDIA GROUP INC		2023-01-31	2023-06-06
	5. EXPEDIA GROUP INC		2022-05-03	2023-06-06
	1. HONEYWELL INTERNATIONAL INC		2022-02-14	2023-06-06
	5. JACOBS SOLUTIONS INC		2023-01-31	2023-06-06
	2. ESTEE LAUDER COMPANIES INC CL-A		2023-01-31	2023-06-06
	22. ESTEE LAUDER COMPANIES INC CL-A		2022-02-14	2023-06-06
	3. LULULEMON ATHLETICA INC		2022-02-14	2023-06-06
	4. MARRIOTT INTERNATIONAL INC CL A		2023-03-14	2023-06-06
	2. MASTERCARD INC - A		2021-06-18	2023-06-06
	1. MCKESSON HBOC INC		2022-02-14	2023-06-06
	1. MICROSOFT CORP		2018-05-21	2023-06-06
	2. NETFLIX INC		2022-02-14	2023-06-06
	2. NIKE INC CLASS B		2023-01-31	2023-06-06
	16. GEN DIGITAL INC		2022-12-08	2023-06-06
	3. NVIDIA CORP		2022-02-14	2023-06-06
	3. PIONEER NATURAL RESOURCES CO		2022-02-14	2023-06-06
	3. PRUDENTIAL FINANCIAL INC		2023-01-31	2023-06-06
	2. PRUDENTIAL FINANCIAL INC		2022-02-14	2023-06-06
	4. QUANTA SERVICES INC		2023-03-14	2023-06-06
	3. T-MOBILE US INC		2022-02-14	2023-06-06
	14. TAIWAN SEMICONDUCTOR-SP ADR		2022-02-14	2023-06-06
	1. UNION PACIFIC CORP		2023-01-31	2023-06-06
	2. UNION PACIFIC CORP		2022-02-14	2023-06-06
	4. ZOETIS INC		2022-02-14	2023-06-06
	5. ACCENTURE PLC-CL A		2022-02-14	2023-06-06
	40. INVESCO LTD		2023-01-31	2023-06-06
	4. MEDTRONIC PLC		2022-05-03	2023-06-06
	5. NXP SEMICONDUCTORS NV		2023-03-14	2023-06-06
	2877.755 BAIRD SHORT TERM BOND FD-INS		2023-02-01	2023-06-07
	2229.347 BAIRD SHORT TERM BOND FD-INS		2022-05-04	2023-06-07
	98.376 FMI INTERNATIONAL FUND-INST		2022-12-09	2023-06-07
	1241.451 FED HERM STRAT VAL DVD-IS		2023-02-01	2023-06-07
	58.148 FIDELITY OVERSEAS FUND		2017-05-04	2023-06-07
	40.028 MFS MID CAP GROWTH FUND-R6		2023-02-01	2023-06-07
	18.926 MFS MID CAP GROWTH FUND-R6		2022-04-27	2023-06-07
	4. APPLE COMPUTER INC		2010-01-29	2023-08-31
	7. ARISTA NETWORKS INC		2023-06-06	2023-08-31
	3. CITIGROUP INC		2023-03-14	2023-08-31
	9. CITIGROUP INC		2018-05-21	2023-08-31
	12. COCA-COLA CO		2023-01-31	2023-08-31
	1. COSTCO WHOLESALE CORP (NEW)		2019-01-28	2023-08-31
	25. DANAHER CORP		2022-02-14	2023-08-31
	6. DUKE ENERGY CORP		2022-12-08	2023-08-31
	4. DUPONT DE NEMOURS INC		2022-12-08	2023-08-31
	7. EXPEDIA GROUP INC		2023-03-14	2023-08-31
	22. EXPEDIA GROUP INC		2022-05-03	2023-08-31
	3. HONEYWELL INTERNATIONAL INC		2022-02-14	2023-08-31
	6. JACOBS SOLUTIONS INC		2022-02-14	2023-08-31
	2. ELI LILLY & CO		2022-02-14	2023-08-31
	2. LULULEMON ATHLETICA INC		2022-02-14	2023-08-31
	3. MARRIOTT INTERNATIONAL INC CL A		2022-12-08	2023-08-31
	1. MASTERCARD INC - A		2019-05-06	2023-08-31
	1. MCKESSON HBOC INC		2022-02-14	2023-08-31
	1. NETFLIX INC		2022-02-14	2023-08-31
	5. NIKE INC CLASS B		2023-01-31	2023-08-31
	3. NIKE INC CLASS B		2022-02-14	2023-08-31
	36. GEN DIGITAL INC		2022-12-08	2023-08-31
	5. PIONEER NATURAL RESOURCES CO		2022-02-14	2023-08-31
	5. PRUDENTIAL FINANCIAL INC		2022-02-14	2023-08-31
	2. QUANTA SERVICES INC		2022-12-08	2023-08-31
	4. T-MOBILE US INC		2022-02-14	2023-08-31
	4. UNION PACIFIC CORP		2022-02-14	2023-08-31
	3. ZOETIS INC		2022-02-14	2023-08-31
	20. INVESCO LTD		2022-12-08	2023-08-31
	4. MEDTRONIC PLC		2022-05-03	2023-08-31
	59.106 JPMORGAN MID CAP VALUE-L		2022-12-09	2023-09-01
	49.619 MFS MID CAP GROWTH FUND-R6		2022-04-27	2023-09-01
	7.172 VANGUARD 500 INDEX-ADM		2022-05-04	2023-09-01
	16.104 WILLIAM BLAIR SM CAP VAL-I		2023-06-07	2023-09-01
	83. CITIGROUP INC		2022-02-14	2023-10-18
	126. GEN DIGITAL INC		2023-03-14	2023-10-18
	51. MEDTRONIC PLC		2022-05-03	2023-10-18
	1738.551 BAIRD ULTRA SHORT BOND-INS		2023-09-01	2023-10-19
	65.089 EATON VANCE E/M DBT OPP-I		2023-02-01	2023-10-19
	40.6 FMI INTERNATIONAL FUND-INST		2022-12-09	2023-10-19
	1470.788 FED HERM STRAT VAL DVD-IS		2022-12-09	2023-10-19
	55.286 BRNDYWNGLBL CORP CRDT-I		2023-02-01	2023-10-19
	18.015 VANGUARD 500 INDEX-ADM		2023-06-07	2023-10-19
	200.305 VANGUARD 500 INDEX-ADM		2022-05-04	2023-10-19
	3. AMERIPRISE FINANCIAL INC		2022-02-14	2023-12-12
	1. AMGEN INC		2023-10-18	2023-12-12
	7. APPLE COMPUTER INC		2010-01-29	2023-12-12
	5. ARISTA NETWORKS INC		2023-10-18	2023-12-12
	3. AVALONBAY COMMUNITIES INC		2023-10-18	2023-12-12
	13. BLACKSTONE INC		2022-02-14	2023-12-12
	17. COCA-COLA CO		2023-01-31	2023-12-12
	1. COSTCO WHOLESALE CORP (NEW)		2018-05-21	2023-12-12
	6. DUKE ENERGY CORP		2022-12-08	2023-12-12
	11. DUPONT DE NEMOURS INC		2023-10-18	2023-12-12
	2. ELECTRONIC ARTS INC		2022-02-14	2023-12-12
	19. FIDELITY NATIONAL INFO SERV		2023-10-18	2023-12-12
	4. HONEYWELL INTERNATIONAL INC		2022-02-14	2023-12-12
	6. JACOBS SOLUTIONS INC		2023-10-18	2023-12-12
	1. ELI LILLY & CO		2023-10-18	2023-12-12
	1. LULULEMON ATHLETICA INC		2022-02-14	2023-12-12
	4. MARRIOTT INTERNATIONAL INC CL A		2022-12-08	2023-12-12
	1. MASTERCARD INC - A		2019-01-28	2023-12-12
	2. MCKESSON HBOC INC		2022-02-14	2023-12-12
	2. MICROSOFT CORP		2018-05-21	2023-12-12
	2. NETFLIX INC		2022-02-14	2023-12-12
	3. NIKE INC CLASS B		2022-02-14	2023-12-12
	16. NVIDIA CORP		2019-01-28	2023-12-12
	2. PHILLIPS 66		2023-10-18	2023-12-12
	2. PIONEER NATURAL RESOURCES CO		2023-10-18	2023-12-12
	4. PRUDENTIAL FINANCIAL INC		2022-02-14	2023-12-12
	5. QUANTA SERVICES INC		2022-12-08	2023-12-12
	10. T-MOBILE US INC		2022-02-14	2023-12-12
	9. TAIWAN SEMICONDUCTOR-SP ADR		2022-02-14	2023-12-12
	9. TOLL BROTHERS INC		2023-08-31	2023-12-12
	2. UNION PACIFIC CORP		2022-02-14	2023-12-12
	7. ZOETIS INC		2022-02-14	2023-12-12
	3. ACCENTURE PLC-CL A		2022-02-14	2023-12-12
	37. INVESCO LTD		2023-03-14	2023-12-12
	39. INVESCO LTD		2022-12-08	2023-12-12
	4. NXP SEMICONDUCTORS NV		2022-12-08	2023-12-12
	34.973 ABRDN US SMALL CAP EQ-INST		2023-06-07	2023-12-13
	559.887 BAIRD CORE PLUS BOND-INST		2023-02-01	2023-12-13
	94.785 FMI INTERNATIONAL FUND-INST		2022-12-09	2023-12-13
	214.94 FED HERM STRAT VAL DVD-IS		2022-12-09	2023-12-13
	21.748 FED HERM TTL RTRN BND-R6		2023-02-01	2023-12-13
	426.931 FED HERM TTL RTRN BND-R6		2022-12-09	2023-12-13
	86.062 FIDELITY OVERSEAS FUND		2017-05-04	2023-12-13
	21.56554 JPMORGAN MID CAP VALUE-L		2023-02-01	2023-12-13
	.88446 JPMORGAN MID CAP VALUE-L		2023-02-01	2023-12-13
	88.874 JPMORGAN MID CAP VALUE-L		2021-06-21	2023-12-13
	147.92 GUGGENHEIM TOT RET BND-INST		2023-02-01	2023-12-13
	110.889 BRNDYWNGLBL CORP CRDT-I		2023-02-01	2023-12-13
	127.905 MFS MID CAP GROWTH FUND-R6		2022-05-04	2023-12-13
	275.8 TCW TOTAL RETURN BOND-I		2023-02-01	2023-12-13
	17.551 VANGUARD EM MKT STK IND-ADM		2023-06-07	2023-12-13
	7.469 VANGUARD EM MKT STK IND-ADM		2022-04-27	2023-12-13
	31.577 WILLIAM BLAIR SM CAP VAL-I		2023-06-07	2023-12-13
	4. BLACKSTONE INC		2022-02-14	2023-12-27
	6. DOLLAR GENERAL CORP		2023-06-06	2023-12-27
	5. ELI LILLY & CO		2023-10-18	2023-12-27
	1. ELI LILLY & CO		2022-02-14	2023-12-27
	1. NETFLIX INC		2022-02-14	2023-12-27
	10. PIONEER NATURAL RESOURCES CO		2023-10-18	2023-12-27
	10. PIONEER NATURAL RESOURCES CO		2022-02-14	2023-12-27
	2. TOLL BROTHERS INC		2023-08-31	2023-12-27
	129. INVESCO LTD		2023-10-18	2023-12-27
	120. INVESCO LTD		2022-12-08	2023-12-27
	37.69 ABRDN US SMALL CAP EQ-INST		2018-08-23	2023-12-28
	39.234 BAIRD CORE PLUS BOND-INST		2023-02-01	2023-12-28
	1.359 EATON VANCE E/M DBT OPP-I		2023-02-01	2023-12-28
	14.644 FED HERM TTL RTRN BND-R6		2022-12-09	2023-12-28
	13.503 FIDELITY OVERSEAS FUND		2017-05-04	2023-12-28
	9.674 GUGGENHEIM TOT RET BND-INST		2023-02-01	2023-12-28
	75.936 TCW TOTAL RETURN BOND-I		2023-02-01	2023-12-28
	4.108 WILLIAM BLAIR SM CAP VAL-I		2023-03-15	2023-12-28
	CAPITAL GAIN DIVIDENDS	P
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	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	3,825	3,310	515
b	508	530	-22
c	508	243	265
d	415	425	-10
e	5,887	6,797	-910
	333,597	328,325	5,272
	341	361	-20
	1,364	475	889
	910	976	-66
	1,130	1,040	90
	909	908	1
	299	251	48
	369	340	29
	212	225	-13
	8,484	8,138	346
	595	610	-15
	480	243	237
	756	810	-54
	333	387	-54
	574	561	13
	649	468	181
	335	269	66
	518	195	323
	429	376	53
	32,101	32,411	-310
	22,373	22,773	-400
	365	377	-12
	2,169	2,207	-38
	1,617	1,648	-31
	639	659	-20
	986	1,004	-18
	5,008	5,610	-602
	15,598	9,825	5,773
	2,506	2,408	98
	891	34	857
	182	169	13
	519	569	-50
	259	360	-101
	426	436	-10
	853	860	-7
	508	516	-8
	221	228	-7
	552	756	-204
	196	187	9
	582	614	-32
	365	549	-184
	4,017	3,542	475
	1,068	950	118
	721	672	49
	755	607	148
	387	269	118
	333	97	236
	796	814	-18
	212	255	-43
	288	367	-79
	1,146	562	584
	606	665	-59
	253	313	-60
	169	232	-63
	719	635	84
	385	376	9
	1,395	1,685	-290
	196	203	-7
	391	480	-89
	676	789	-113
	1,539	1,633	-94
	631	739	-108
	334	413	-79
	899	872	27
	26,648	26,610	38
	20,644	20,965	-321
	3,129	3,201	-72
	6,716	7,312	-596
	3,310	2,669	641
	1,043	1,048	-5
	493	509	-16
	753	28	725
	1,351	1,086	265
	124	142	-18
	372	634	-262
	721	732	-11
	547	208	339
	6,673	6,817	-144
	538	602	-64
	310	281	29
	763	660	103
	2,399	3,326	-927
	567	561	6
	811	717	94
	1,105	468	637
	760	633	127
	614	479	135
	415	245	170
	417	269	148
	435	407	28
	512	638	-126
	307	428	-121
	737	825	-88
	1,189	1,109	80
	475	580	-105
	423	303	120
	547	501	46
	895	961	-66
	578	592	-14
	316	368	-52
	329	413	-84
	2,105	2,295	-190
	1,366	1,328	38
	2,996	2,849	147
	472	462	10
	3,345	5,676	-2,331
	2,210	2,762	-552
	3,709	5,269	-1,560
	17,542	17,458	84
	475	485	-10
	1,255	1,321	-66
	7,427	8,619	-1,192
	542	561	-19
	7,115	7,018	97
	79,108	53,130	25,978
	1,102	903	199
	274	284	-10
	1,352	48	1,304
	1,148	976	172
	527	528	-1
	1,462	1,549	-87
	1,009	1,037	-28
	627	199	428
	568	598	-30
	781	820	-39
	280	266	14
	1,107	1,000	107
	805	747	58
	772	823	-51
	583	607	-24
	500	317	183
	865	638	227
	417	200	217
	927	539	388
	743	195	548
	921	814	107
	357	428	-71
	7,512	1,040	6,472
	250	233	17
	443	510	-67
	409	464	-55
	1,018	756	262
	1,606	1,253	353
	906	1,079	-173
	838	736	102
	468	480	-12
	1,333	1,381	-48
	1,026	980	46
	568	599	-31
	599	718	-119
	883	680	203
	1,183	1,207	-24
	5,644	5,733	-89
	3,158	3,084	74
	1,174	1,260	-86
	206	213	-7
	4,047	4,107	-60
	5,068	3,950	1,118
	770	798	-28
	32	33	-1
	3,175	3,743	-568
	3,479	3,589	-110
	1,141	1,126	15
	3,705	3,396	309
	2,204	2,361	-157
	591	591
	251	282	-31
	938	891	47
	526	477	49
	805	946	-141
	2,865	3,035	-170
	573	234	339
	491	407	84
	2,301	2,551	-250
	2,301	2,217	84
	207	164	43
	2,309	1,685	624
	2,148	2,209	-61
	1,328	1,548	-220
	399	402	-3
	10	10
	140	141	-1
	814	620	194
	231	235	-4
	614	650	-36
	124	113	11
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915
			3,915

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			515
b			-22
c			265
d			-10
e			-910
			5,272
			-20
			889
			-66
			90
			1
			48
			29
			-13
			346
			-15
			237
			-54
			-54
			13
			181
			66
			323
			53
			-310
			-400
			-12
			-38
			-31
			-20
			-18
			-602
			5,773
			98
			857
			13
			-50
			-101
			-10
			-7
			-8
			-7
			-204
			9
			-32
			-184
			475
			118
			49
			148
			118
			236
			-18
			-43
			-79
			584
			-59
			-60
			-63
			84
			9
			-290
			-7
			-89
			-113
			-94
			-108
			-79
			27
			38
			-321
			-72
			-596
			641
			-5
			-16
			725
			265
			-18
			-262
			-11
			339
			-144
			-64
			29
			103
			-927
			6
			94
			637
			127
			135
			170
			148
			28
			-126
			-121
			-88
			80
			-105
			120
			46
			-66
			-14
			-52
			-84
			-190
			38
			147
			10
			-2,331
			-552
			-1,560
			84
			-10
			-66
			-1,192
			-19
			97
			25,978
			199
			-10
			1,304
			172
			-1
			-87
			-28
			428
			-30
			-39
			14
			107
			58
			-51
			-24
			183
			227
			217
			388
			548
			107
			-71
			6,472
			17
			-67
			-55
			262
			353
			-173
			102
			-12
			-48
			46
			-31
			-119
			203
			-24
			-89
			74
			-86
			-7
			-60
			1,118
			-28
			-1
			-568
			-110
			15
			309
			-157

			-31
			47
			49
			-141
			-170
			339
			84
			-250
			84
			43
			624
			-61
			-220
			-3

			-1
			194
			-4
			-36
			11

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	49,860
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	980
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	980
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	980
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	344
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	344
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	636
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax0	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

BREMER BANK NA Telephone no. right arrow

(320) 258-2464

Located at right arrow

4150 2ND STREET SOUTH STE 110ST CLOUDMN ZIP+4 right arrow

56301

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

16 At any time during calendar year 2023, 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

Form 990-PF (2023)

Page 5

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2023? .............

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)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

Yes

If "Yes," list the years right arrow

2008, 20, 20, 20

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.) ..............

Yes

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 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 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
BREMER BANK N A	TRUSTEE 1	17,130
4150 2ND STREET SOUTH STE 110 ST CLOUD,MN56301	TRUSTEE 1	17,130

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...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,257,264

Average of monthly cash balances.......................

30,212

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,287,476

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,287,476

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

19,312

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,268,164

Minimum investment return. Enter 5% (0.05) of line 5................

63,408

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.)

Minimum investment return from Part IX, line 6..................

63,408

Tax on investment income for 2022 from Part V, line 5.......

980

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

980

Distributable amount before adjustments. Subtract line 2c from line 1............

62,428

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

62,428

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

62,428

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

65,883

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

65,883

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					62,428
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				61,112
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 65,883
a Applied to 2022, but not more than line 2a				61,112
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 2023 distributable amount.....					4,771
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					57,657
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 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Courage Kenny Foundation C/O ALLINA HEALTH FOUNDATION Minneapolis,MN55407	NONE	PC	PROGRAM SUPPORT	9,225
Vision Loss Resources Inc CHARLES STROUD CONTROLLER Little Canada,MN55117	NONE	PC	PROGRAM SUPPORT	24,600
Sight & Hearing Assn KATHY WEBB EXECUTIVE DIRECTOR St Paul,MN55104	NONE	PC	GRAL OPERATING CHARITABLE	18,450
Foley School District 621 PENN ST Foley,MN56329	NONE	PC	SCHOLARSHIPS	4,613
Milaca Public Schools DAMIAN PATNODE PRINCIPAL Milaca,MN56353	NONE	PC	SCHOLARSHIPS	4,613
Total ................................. 3a				61,501

bApproved for future payment

Total ................................. 3b

Form 990-PF (2023)

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	(e) Related or exempt function income (See instructions.)
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	34,850
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	49,860
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER REVENUE			14	815
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				85,525

13Total. Add line 12, columns (b), (d), and (e)..................

85,525

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Name of Stock	End of Year Book Value	End of Year Fair Market Value
002824100 ABBOTT LABORATORIES
02079K107 ALPHABET INC-CL C
02079K305 ALPHABET INC-CL A
023135106 AMAZON.COM INC
037833100 APPLE INC	4,453	15,980
126650100 CVS HEALTH CORP
172967424 CITIGROUP INC
191216100 COCA-COLA CO/THE	6,026	6,070
22160K105 COSTCO WHOLESALE COR	4,767	9,901
254687106 WALT DISNEY CO/THE
26441C204 DUKE ENERGY CORP	6,342	6,405
278642103 EBAY INC
30303M102 META PLATFORMS INC-C
369550108 GENERAL DYNAMICS COR
384802104 WW GRAINGER INC
437076102 HOME DEPOT INC
438516106 HONEYWELL INTERNATIO	5,310	6,920
458140100 INTEL CORP
459200101 INTL BUSINESS MACHIN
46625H100 JPMORGAN CHASE & CO
518439104 ESTEE LAUDER COMPANI
532457108 ELI LILLY & CO	4,443	14,573
571748102 MARSH & MCLENNAN COS
574599106 MASCO CORP
57636Q104 MASTERCARD INC - A	4,948	8,104
580135101 MCDONALD'S CORP
594918104 MICROSOFT CORP	5,339	12,785
609207105 MONDELEZ INTERNATION
654106103 NIKE INC -CL B	5,125	6,514
655844108 NORFOLK SOUTHERN COR
67066G104 NVIDIA CORP	8,449	26,247
717081103 PFIZER INC
79466L302 SALESFORCE INC
806857108 SCHLUMBERGER LTD
872540109 TJX COMPANIES INC
98956P102 ZIMMER BIOMET HOLDIN
45866F104 INTERCONTINENTAL EXC
00724F101 ADOBE INC
032654105 ANALOG DEVICES INC
09260D107 BLACKSTONE INC	9,191	11,783
169656105 CHIPOTLE MEXICAN GRI	11,207	16,009
26614N102 DUPONT DE NEMOURS IN	8,239	8,924
278865100 ECOLAB INC
65339F101 NEXTERA ENERGY INC
697435105 PALO ALTO NETWORKS I
89832Q109 TRUIST FINANCIAL COR
G1151C101 ACCENTURE PLC-CL A	6,650	8,071
03076C106 AMERIPRISE FINANCIAL	9,824	12,155
053015103 AUTOMATIC DATA PROCE
235851102 DANAHER CORP
285512109 ELECTRONIC ARTS INC	6,582	6,841
30212P303 EXPEDIA GROUP INC
440452100 HORMEL FOODS CORP
46982L108 JACOBS SOLUTIONS INC	7,265	7,658
550021109 LULULEMON ATHLETICA	5,779	8,692
571903202 MARRIOTT INTERNATION	6,165	8,118
58155Q103 MCKESSON CORP	7,869	11,575
64110L106 NETFLIX INC	7,316	9,738
668771108 GEN DIGITAL INC
723787107 PIONEER NATURAL RESO	5,074	5,172
744320102 PRUDENTIAL FINANCIAL	4,497	4,356
74762E102 QUANTA SERVICES INC	6,662	9,064
872590104 T-MOBILE US INC	8,094	9,940
874039100 TAIWAN SEMICONDUCTOR	12,248	13,208
907818108 UNION PACIFIC CORP	7,787	8,351
98978V103 ZOETIS INC	7,393	7,895
G491BT108 INVESCO LTD
G5960L103 MEDTRONIC PLC
N6596X109 NXP SEMICONDUCTORS N	7,589	9,876
025816109 AMERICAN EXPRESS CO	3,727	3,747
031162100 AMGEN INC	7,105	7,777
040413106 ARISTA NETWORKS INC	10,298	15,073
256677105 DOLLAR GENERAL CORP	8,195	8,157
31620M106 FIDELITY NATIONAL IN	6,685	7,629
718546104 PHILLIPS 66	6,283	7,190
780259305 SHELL PLC-ADR	4,641	4,606
889478103 TOLL BROTHERS INC	4,679	6,167

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
00143W875 INVESCO DEVELOP MRKT		0	0
XXX-XX-XXXX ABRDN US SMALL CAP E	25,156	26,538	24,254
03027X100 AMERICAN TOWER CORP		0	0
XXX-XX-XXXX BAIRD SHORT TERM BON	77,660	0	0
XXX-XX-XXXX BAIRD CORE PLUS BOND		135,582	135,487
XXX-XX-XXXX FMI INTERNATIONAL FU	69,125	69,625	77,629
XXX-XX-XXXX FIDELITY OVERSEAS FU	64,365	60,360	78,612
XXX-XX-XXXX JPMORGAN MID CAP VAL	73,500	76,822	69,783
XXX-XX-XXXX MFS MID CAP GROWTH F	45,217	40,638	53,857
87234N880 TCW TOTAL RETURN BON		52,447	49,980
XXX-XX-XXXX VANGUARD SML CAP IND	15,435	0	0
XXX-XX-XXXX VANGUARD 500 INDEX-A	55,979	0	0
40168W525 GUGGENHEIM TOT RET B		86,256	85,535
XXX-XX-XXXX BAIRD ULTRA SHORT BO		59,753	59,987
27827V402 EATON VANCE E/M DBT		25,198	25,025
46637K281 JPMORGAN HEDGED EQUI		0	0
52472T775 BRNDYWNGLBL CORP CRD		39,048	40,185
92204A793 VANGUARD INF TECH ID		0	0
XXX-XX-XXXX AVALONBAY COMMUNITIE	4,575	4,933	5,429
XXX-XX-XXXX FED HERM STRAT VAL D	52,384	39,173	36,730
31428Q739 FED HERM TTL RTRN BN	71,470	105,068	105,704
XXX-XX-XXXX ISHARES CORE U.S. AG	328,325	0	0
XXX-XX-XXXX VANGUARD EM MKT STK	47,362	49,201	46,054
XXX-XX-XXXX WILLIAM BLAIR SM CAP		22,735	24,699

Description	Amount
COST BASIS ADJUSTMENTS	29
2023 TRANSACTIONS POSTED IN 2024	1,350
EXPECTED ROUNDING/COST BASIS ADJUSTMENTS	128

Category	Amount	Net Investment Income
FOREIGN TAXES	63	63
FOREIGN TAXES ON QUALIFIED FOR	144	144
FOREIGN TAXES ON NONQUALIFIED	138	138