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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
World Food Prize Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)11207 NW Aurora Avenue
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Urbandale, IA503227906
A Employer identification number

42-1356715
B Telephone number (see instructions)

(515) 245-2552
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$58,989,501J 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) 3,778,748
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,261,224 2,261,224 2,261,224
5a Gross rents............ 209,473 209,473 209,473
b Net rental income or (loss) 209,473
6a Net gain or (loss) from sale of assets not on line 10 -2,130,065
b Gross sales price for all assets on line 6a 12,063,273
7 Capital gain net income (from Part IV, line 2)... 0
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
431,118 0 431,118
12 Total. Add lines 1 through 11........ 4,550,498 2,470,697 2,901,815
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 758,181 0 0 758,181
14 Other employee salaries and wages...... 1,011,206 0 0 1,069,649
15 Pension plans, employee benefits....... 232,165 0 0 232,683
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,458 0 0 8,903
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,260 0 0 22,010
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
156,475 0 0 147,975
17 Interest............... 3,014 3,014 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
13,472 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
806,790 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 192,813 0 0 190,138
22 Printing and publications.......... 119,979 0 0 122,486
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,808,412 0 0 2,488,308
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,135,225 3,014 0 5,040,333
25 Contributions, gifts, grants paid....... 500,000 500,000
26 Total expenses and disbursements. Add lines 24 and 25 6,635,225 3,014 0 5,540,333
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,084,727
b Net investment income (if negative, enter -0-) 2,467,683
c Adjusted net income (if negative, enter -0-)... 2,901,815
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 78,369 411,761 411,761
2 Savings and temporary cash investments......... 128,942 506,070 506,070
3 Accounts receivable right arrow389,656
Less: allowance for doubtful accounts right arrow   435,744 389,656 389,656
4 Pledges receivable right arrow1,792,198
Less: allowance for doubtful accounts right arrow107,169 1,075,734 1,685,029 1,685,029
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 91,974 120,863 120,863
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,063,266 Click to see attachment
List of Attached Documents:
// Content
35,885,667 		35,885,667
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow33,551,408
Less: accumulated depreciation (attach schedule) right arrow13,560,953 20,673,429 Click to see attachment
List of Attached Documents:
// Content
19,990,455 		19,990,455
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 57,547,458 58,989,501 58,989,501
Liabilities 17 Accounts payable and accrued expenses.......... 850,186 1,079,811
18 Grants payable.................    
19 Deferred revenue................. 60,250 46,250
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 910,436 1,126,061
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........... 53,961,920 54,590,135
25 Net assets with donor restrictions............ 2,675,102 3,273,305
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 56,637,022 57,863,440
30 Total liabilities and net assets/fund balances (see instructions). 57,547,458 58,989,501
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
56,637,022
2
Enter amount from Part I, line 27a .....................
2
-2,084,727
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,379,132
4
Add lines 1, 2, and 3 ..........................
4
57,931,427
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
67,987
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
57,863,440
Form 990-PF (2023)
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 SALE OF PULBLICLY TRADED SECURITIES P    
b SALE OF PULBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,081,792   8,117,997 -2,036,205
b 5,981,481   6,075,341 -93,860
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -2,036,205
b       -93,860
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -2,130,065
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 -93,860
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 34,301
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 34,301
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 34,301
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 36,222
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 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,222
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
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 1,921
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,921 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowIA
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.worldfoodprize.com
14
The books are in care ofright arrowTracey Ball Telephone no.right arrow (515) 245-2552

Located atright arrow11207 NW Aurora AvenueUrbandaleIA ZIP+4right arrow50322
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 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)
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
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)
Yes
 
(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)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 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.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Paul Schickler Chairman
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Terry Branstad President
45.00 		348,269 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Mashal Husain Vice President
40.00 		257,104 7,713 0
11207 NW Aurora Avenue
Urbandale,IA50322
Rachel Ruan McLean Secretary
5.00 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
John Ruan IV Treasurer
5.00 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Cynthia Milligan Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Steven Leath Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Wendy Wintersteen Director
0.10 		0 0 0
11207 NW Aurora Avenue
Urbandale,IA50322
Barbara Stinson Former President
40.00 		152,808 1,284 0
11207 NW Aurora Avenue
Urbandale,IA50322
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
Kyle Poorman Director of Internat
40.00 		84,823 2,545 0
11207 NW Aurora Avenue
Urbandale,IA50322
Johnathan Wogman SR. Prog Mgr Global
40.00 		83,855 2,152 0
11207 NW Aurora Avenue
Urbandale,IA50322
Rebecca Picard Sr. Prog Mgr Interns
40.00 		80,264 2,408 0
11207 NW Aurora Avenue
Urbandale,IA50322
Ellen Franzenburg Director of Internat
40.00 		72,568 2,177 0
11207 NW Aurora Avenue
Urbandale,IA50322
Keegan Kautzky Director of Program
40.00 		66,098 887 0
11207 NW Aurora Avenue
Urbandale,IA50322
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
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 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 The World Food Prize - The selection process to determine the recipient of the prize including meetings, conventions, and promotional activities. 1,014,516
2 Borlaug Dialogue International Symposium - Meeting of international leaders to address the most critical issues facing global food security. 1,901,849
3 Global Youth Institute - High school student delegates learn and share ideas involving food security. 1,151,342
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
35,127,246
b
Average of monthly cash balances.......................
1b
562,571
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
35,689,817
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
35,689,817
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
535,347
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,154,470
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,757,724
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
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
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
5,540,333
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
5,540,333
Form 990-PF (2023)
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  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
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
2004-02-04
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) 2023 (b) 2022 (c) 2021 (d) 2020
1,757,724 2,039,786 2,300,152 2,171,737 8,269,399
b 85% (0.85) of line 2a ......... 1,494,065 1,733,818 1,955,129 1,845,976 7,028,989
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		5,540,333 4,633,320 4,065,031 2,714,378 16,953,062
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		5,540,333 4,633,320 4,065,031 2,714,378 16,953,062
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		1,171,816 1,359,857 1,533,435 1,447,825 5,512,933
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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 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)
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)
aPaid during the year
Heidi Kuhn


48 Fernwood Way
San Rafael,CA94901 		None I 2022 World Food Prize Laureate 500,000
Total .................................right arrow 3a 500,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
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
aSymposium Registration         421,111
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 2,261,224  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 209,473  
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 -2,130,065  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aInsurance Proceeds 		        10,007
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 340,632 431,118
13Total. Add line 12, columns (b), (d), and (e)..................
13
771,750
(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.)
1a Symposium to educate and create awareness.
Form 990-PF (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
World Food Prize Foundation
 
Employer identification number

42-1356715
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Arren & Rachel Wetzel
 
2058 170th CT
 
Winterset, IA50273

$ 250,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Bayer AG
 
Alfred Nobel Strasse 50 40789 Monhe
 
  ,     GM

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Bill and Karen Hess
 
PO Box 967
 
Carroll, IA51401

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Cargill Incorporated
 
15407 McGinty Rd
 
Wayzata, MN55391

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
Agrisompo
 
7755 Office Plaza Dr
 
West Des Moines, IA50266

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
BioConnect
 
666 Walnut Street Suite 1285
 
Des Moines, IA50309

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
DLL Finance
 
PO Box 2000
 
Johnston, IA50131

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
American Online Giving Foundation
 
40 East Main Street Suite 887
 
Newark, DE19711

$ 6,323


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
Corteva
 
974 Centre Rd Chestnut Run Plaza 73
 
Wilmington, DE19805

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
Branstad Churchill Group LLC
 
664 56th Street
 
Des Moines, IA50312

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
Iowa Savings Bank Charitable Foundation
 
510 W US Hwy 30
 
Carroll, IA51401

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
FBL Financial Group
 
5400 University Avenue
 
West Des Moines, IA50266

$ 7,500


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
13
Cynthia & Robert Milligan
 
1203 N 141st Avenue
 
Omaha, NE68154

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
Iowa Pork Producers
 
1636 NW 114th Street
 
Clive, IA50325

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
Iowa Soybean Association
 
1255 Prairie Trail Pkwy
 
Ankeny, IA50023

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
ADM
 
4666 Faries Parkway
 
Decatur, IL62526

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
John Ruan Foundation Trust
 
11207 NW Aurora Avenue
 
Urbandale, IA50322

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
First Citizens National Bank
 
2601 4th Street SW
 
Mason City, IA50402

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
19
Hormel Foods Corp
 
1 Hormel Place
 
Austin, MN55912

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
20
Merchant Foundation Inc of Iowa
 
2130 McCarthy Road
 
Ames, IA50014

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
21
Mid American Energy
 
666 Grand Avenue
 
Des Moines, IA50309

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
22
Denny & Candy Elwell Foundation
 
PO Box 187
 
Ankeny, IA50021

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
23
John Deere
 
1 John Deere Pl
 
Moline, IL61265

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
24
Haney Family Fund
 
1915 Grand Avenue
 
Des Moines, IA50309

$ 50,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
25
Daniel and Joan Houston
 
801 Grand Avenue
 
Des Moines, IA50309

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
26
Greg and Andrea Abel
 
666 Grand Avenue Suite 500
 
Des Moines, IA50309

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
27
Ken & Le Son Quinn
 
541 56th Street
 
Des Moines, IA50312

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
28
Pepsico Inc
 
700 Anderson Hill Rd
 
Purchase, NY10577

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
29
Iowa Farm Bureau
 
5400 University Avenue
 
West Des Moines, IA50266

$ 22,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
30
Iowa Grocery Ind Association
 
2540 106th Street Suite 102
 
Urbandale, IA50322

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
31
Iowa Beef Industry Council
 
2055 Ironwood CT
 
Ames, IA500100451

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
32
David Barker
 
116 E College Street
 
Iowa City, IA52240

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
33
J Landis and Sharon Martin
 
150 Vine Street
 
Denver, CO80206

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
34
State of Iowa
 
200 East Grand Avenue
 
Des Moines, IA50309

$ 500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
35
Dairy Management Inc
 
10255 W Higgins Road
 
Rosemont, IL600185638

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
36
Sukup Manufacturing Co
 
PO Box 677
 
Sheffield, IA50475

$ 100,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
37
US Department of Agriculture
 
PO Box 60000
 
New Orleans, LA70160

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
38
Thomas Schaefer
 
7012 SE Harbor Circle
 
Stuart, FL34996

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
39
Wallace Genetics Foundation
 
4910 Massachusetts Ave NW
 
Washington, DC20016

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
40
National Geographic
 
1145 17th Street NW
 
Washington, DC20036

$ 75,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
41
Burton & Rebecca Josephs
 
3737 Green Branch Drive
 
West Des Moines, IA50265

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
42
Roswell & Elizabeth Garst Fdtn
 
PO Box 967
 
Carroll, IA51401

$ 6,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
43
Ruan Transportation
 
666 Grand Avenue
 
Des Moines, IA50309

$ 94,087


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
44
The Mosaic Company
 
3033 Campus Dr Suite E490
 
Plymouth, MN55441

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
45
WK Kellogg Foundation
 
1 Michigan Avenue
 
East Battle Creek, MI49017

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
46
Mashal Husain
 
13682 Lakeshore Drive
 
Clive, IA50325

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
47
Ted And Rowena Crosbie Foundation
 
35054 Filmore Ct
 
Earlham, IA50072

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
48
Patty And Jim Cownie Charitable Fund
 
1915 Grand Avenue
 
Des Moines, IA50309

$ 60,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
49
United Soybean
 
16305 Swingley Ridge Road 150
 
Chesterfield, MO63017

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
50
Hillenbrand Inc
 
1 Batesville Blvd
 
Batesville, IN47006

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
51
KraneShares
 
280 Park Ave 32nd Floor
 
New York, NY10017

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
52
Kwik Trip
 
1626 Oak Street
 
La Crosse, WI54602

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
53
Lohse Family Fund
 
1500 NE Morgan Dr
 
Bondurant, IA50035

$ 125,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
54
Reg Services Group
 
416 S Bell Avenue
 
Ames, IA50010

$ 100,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
55
Studio Iowa
 
2737 99th Street
 
Urbandale, IA50322

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
56
Michael Simonson
 
1717 Ingersoll Avenue
 
Des Moines, IA50309

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
57
National Pork Producers Council
 
10676 Justin Drive
 
Urbandale, IA50322

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
58
Hy Vee Inc
 
5820 Westown Parkway
 
West Des Moines, IA50266

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
59
Neumann Brothers
 
1435 Ohio Street
 
Des Moines, IA50314

$ 6,250


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
60
New Hope Ventures
 
1544 River RD
 
New Hope, PA18938

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
61
Reichardt Family Fund
 
1915 Grand Avenue
 
Des Moines, IA50309

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
62
Renee & Steven Schaaf
 
460 27th Street
 
Des Moines, IA50312

$ 101,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
63
Richard Deming
 
300 Walnut Street
 
Des Moines, IA50309

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
64
Roger Brooks - Saulene Richer Fund
 
1915 Grand Avenue
 
Des Moines, IA50309

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
65
Steve Chapman
 
3209 Jordan Grove
 
West Des Moines, IA50265

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
66
Steven Leath
 
PO Box 190
 
Jefferson, NC28640

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
67
Terry and Christine Branstad
 
7350 Eagle Point Drive
 
Johnston, IA50131

$ 57,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
68
The Tangerine Food Company
 
4000 StoneBridge Road
 
West Des Moines, IA50265

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
69
Thomas & Linda Koehn Foundation
 
3131 Fleur Drive Unit 706
 
Des Moines, IA50321

$ 25,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
70
Timothy & Kimberly Yaggi
 
1204 Fountainview Drive
 
Pella, IA50219

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
71
Trudy Hurd
 
300 Walnut Street 183
 
Des Moines, IA50309

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
72
US Chamber of Commerce
 
1615 H Street NW
 
Washington, DC20062

$ 15,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
World Food Prize Foundation
  		Employer identification number
42-1356715
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
73
USSEC
 
16305 Swingley Ridge Road 150
 
Chesterfield, MO63017

$ 20,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
74
Wild Rose Entertainment
 
5465 Mills Civic Parkway 400
 
West Des Moines, IA50266

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
75
William Knapp Foundation
 
5000 Westown Parkway Suite 400
 
West Des Moines, IA50266

$ 55,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
76
WISHH
 
12647 Olive Blvd Suite 410
 
St Louis, MO63141

$ 10,000


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
World Food Prize Foundation
  		Employer identification number

42-1356715
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
World Food Prize Foundation
  		Employer identification number

42-1356715
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit Fees 24,260 0 0 22,010

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

TY 2023 DepreciationSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
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
Furniture and Fixtures   4,052,414 3,981,952   0 % 0 0 0  
Artwork and Sculptures   3,117,847 645,071   0 % 0 0 0  
Leasehold Improvements   26,381,147 8,933,930   0 % 0 0 0  

TY 2023 InvestmentsCorpStockSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Name of Stock End of Year Book Value End of Year Fair Market Value
Alpine Income Property 16,910 16,910
Alpine Income Property 16,910 16,910
American Water Works 158,388 158,388
Ares Capital Corp 116,174 116,174
Ares Capital Corp 29,043 29,043
Ares Capital Corp 56,084 56,084
Broadstone Net Lease 34,440 34,440
Broadstone Net Lease 34,440 34,440
Capital Southwest Corp 175,380 175,380
Colgate Palmolive Co 111,594 111,594
Colgate Palmolive Co 111,594 111,594
Crescent Energy Co 16,182 16,182
CSX Corp 34,670 34,670
Dollar General Corp 163,140 163,140
Intel Corp 828,723 828,723
Johnson Controls Intl 57,640 57,640
Lowes Companies Inc 111,275 111,275
Lowes Companies Inc 111,275 111,275
Microsoft Corp 112,812 112,812
Novo Nordisk 206,900 206,900
Oneok Inc 140,440 140,440
Oneok Inc 70,220 70,220
Pfizer Inc 63,338 63,338
Pfizer Inc 28,790 28,790
RPM International Inc 223,260 223,260
RTX Corp 126,210 126,210
RXO Inc 58,150 58,150
Trinity Capital Inc 101,710 101,710
Union Pacific Corp 73,686 73,686
Unitedhealth Group Inc 157,941 157,941
Unitedhealth Group Inc 52,647 52,647
US Bancorp 43,280 43,280
Wells Fargo & Co 172,270 172,270
Advance Auto Parts 248,700 248,700
Prospect Capital Corp 252,036 252,036
Prospect Capital Corp 168,024 168,024
Pacific Gas & Electric 258,697 258,697
Broadstone Net Lease 193,705 193,705
General Motors Acceptance Corp 545,305 545,305
Tapestry Inc 426,752 426,752
Tapestry Inc 426,752 426,752
Xerox Corporation 77,152 77,152
Arizona Pub Service Co 502,125 502,125
Western Union Co 258,872 258,872
Western Union Co 258,872 258,872
Western Union Co 258,873 258,873
Western Union Co 258,873 258,873
Marathon Oil Corp 316,953 316,953
VF Corp 390,888 390,888
Motorola Inc 514,100 514,100
Motorola Inc 514,100 514,100
Nordstrom Inc 217,423 217,423
Pacificorp First Mortgage 431,204 431,204
Pacificorp First Mortgage 104,410 104,410
San Diego G&E First Mortgage 374,721 374,721
Xerox Corporation 87,190 87,190
Xerox Corporation 435,950 435,950
Reynolds American Inc 1,031,022 1,031,022
Paramount Global (Was CBS Corp) 452,010 452,010
Energy Transfer Partners 442,931 442,931
General Motors Co 204,024 204,024
Continental Resources 404,060 404,060
Entergy Louisiana 182,884 182,884
Ford Motor Co 538,435 538,435
Ford Motor Co 538,435 538,435
Federal Express 634,965 634,965
Bank of Montreal 1,940,000 1,940,000
Athene Holding Ltd 515,750 515,750
Athene Holding Ltd 515,750 515,750
Cl Financial Corp 473,892 473,892
Arcelormittal 540,700 540,700
Societe Generale 227,255 227,255
Banco Santander 222,036 222,036
Royal Bank of Canada 500,860 500,860
Allianz Diversified Income 167,840 167,840
Calamos Dynamic Fund 197,800 197,800
Tekla World Healthcare 58,350 58,350
Affil Mgr Group 16,640 16,640
Arch Cap Group Ser G 398,200 398,200
Aspen Insurance Holding 195,400 195,400
Athene Holdings 356,000 356,000
Athene Holdings 427,400 427,400
Bank of America Corp Ser SS 99,840 99,840
Bank of America Corp Ser Q 370,400 370,400
Bank OZK 665,200 665,200
BIP Bermuda 674,400 674,400
Brookfield 156,500 156,500
Brookfield 486,000 486,000
Brookfield 239,400 239,400
Brookfield 322,217 322,217
Brookfield 671,200 671,200
Capital One Financial Corp Ser N 11,547 11,547
Capital One Financial Corp Ser I 92,250 92,250
Capital One Financial Corp Ser K 257,250 257,250
Charles Schwab Pref Ser J 294,900 294,900
CHS Inc Class B 252,800 252,800
DTE Energy Ser G 418,800 418,800
Heartland Fin USA Ser E 976,000 976,000
Hudson Pacific 357,255 357,255
Huntington Bancshares 511,560 511,560
JP Morgan Chase & Co Ser LL 835,200 835,200
KKR Group 472,750 472,750
Midcap Fin Investment 204,000 204,000
Morgan Stanley 381,400 381,400
New Mtn Fin 1,036,000 1,036,000
New York Mort Ser G 701,120 701,120
Office Pptys Income 129,500 129,500
Partnerre LTD 99,662 99,662
Pennymac Ser C 391,200 391,200
Public Storage Ser Q 188,248 188,248
Public Storage Ser S 166,410 166,410
SCE Tr VI 102,350 102,350
Stifel Financial Ser D 515,100 515,100
SVB Financial Group 5,346 5,346
Truist Financial 402,400 402,400
Vornado Realty Ser 0 54,280 54,280
Washington Fed Inc 301,400 301,400
Wells Fargo & Co 183,750 183,750
Wells Fargo & Co Ser DD 177,800 177,800
Wells Fargo & Co Ser AA 160,400 160,400

TY 2023 LandEtcSchedule2
Name:
World Food Prize Foundation
EIN:
42-1356715
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 4,052,414 3,981,952 70,462  
Artwork and Sculptures 3,117,847 645,071 2,472,776  
Leasehold Improvements 26,381,147 8,933,930 17,447,217  


TY 2023 LegalFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 8,458 0 0 8,903


TY 2023 OtherDecreasesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Amount
Additional Tax Gain on Sale of Stock 67,987


TY 2023 OtherExpensesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expense 478,777 0 0 482,190
Production Expenses 399,616 0 0 401,458
Hall of Laureates 362,959 0 0 363,944
Internship/Youth Expenses 438,360 0 0 415,216
Symposium 1,043,128 0 0 738,114
Security 19,890 0 0 21,060
Other Personal Expense 59,218 0 0 59,862
Hunger Summit 6,464 0 0 6,464


TY 2023 OtherIncomeSchedule2
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Symposium Registration 421,111   421,111
Insurance Proceeds 10,007   10,007


TY 2023 OtherIncreasesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Description Amount
Unrealized Gain on Investments 3,379,132


TY 2023 OtherProfessionalFeesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Other Professional Fees 156,475 0 0 147,975


TY 2023 TaxesSchedule
Name:
World Food Prize Foundation
EIN:
42-1356715
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Excise Tax 13,472 0 0 0