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
THE WALSER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4401 AMERICAN BLVD WEST 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55437
A Employer identification number

20-4968499
B Telephone number (see instructions)

(952) 355-4058
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$8,737,203J 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) 838
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,402 2,402  
4 Dividends and interest from securities... 155,436 155,436  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -30,513
b Gross sales price for all assets on line 6a 1,366,474
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 128,163 157,838  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
60,709 60,709   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
154 154   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 62,863 60,863   0
25 Contributions, gifts, grants paid....... 1,226,845 1,226,845
26 Total expenses and disbursements. Add lines 24 and 25 1,289,708 60,863   1,226,845
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,161,545
b Net investment income (if negative, enter -0-) 96,975
c Adjusted net income (if negative, enter -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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,357,106 90,451 90,451
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,337,779 Click to see attachment
List of Attached Documents:
// Content
4,193,027 		4,193,027
b Investments—corporate stock (attach schedule)....... 3,244,807 Click to see attachment
List of Attached Documents:
// Content
4,453,725 		4,453,725
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 arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,939,692 8,737,203 8,737,203
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........... 8,939,692 8,737,203
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,939,692 8,737,203
30 Total liabilities and net assets/fund balances (see instructions). 8,939,692 8,737,203
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
8,939,692
2
Enter amount from Part I, line 27a .....................
2
-1,161,545
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
959,056
4
Add lines 1, 2, and 3 ..........................
4
8,737,203
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
8,737,203
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 PUBLICLY TRADED SECURITIES      
b
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 1,366,474   1,396,987 -30,513
b
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       -30,513
b
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 -30,513
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  
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 1,348
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 1,348
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 1,348
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,900
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 1,900
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 552
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow552 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 arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowNANCY WARNER Telephone no.right arrow (952) 355-4058

Located atright arrow4401 AMERICAN BLVD WEST 300BLOOMINGTONMN ZIP+4right arrow55437
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ANDREW D WALSER PRESIDENT
0.10 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
PAUL M WALSER CEO
0.10 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
NANCY WARNER FOUNDATION DIRECTOR
30.00 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (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  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
8,380,076
b
Average of monthly cash balances.......................
1b
432,063
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
8,812,139
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
8,812,139
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
132,182
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,679,957
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
433,998
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
433,998
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,348
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,348
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
432,650
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
432,650
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
432,650
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,226,845
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,226,845
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 7 432,650
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 385,939
b From 2019...... 544,023
c From 2020...... 494,597
d From 2021...... 546,254
e From 2022...... 683,738
f Total of lines 3a through e ........ 2,654,551
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,226,845
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 432,650
e Remaining amount distributed out of corpus 794,195
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 3,448,746
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		385,939
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,062,807
10 Analysis of line 9:
a Excess from 2019.... 544,023
b Excess from 2020.... 494,597
c Excess from 2021.... 546,254
d Excess from 2022.... 683,738
e Excess from 2023.... 794,195
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
 
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
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
NANCY WARNER
7700 FRANCE AVE S SUITE 410N
EDINA,MN55435
(952) 355-4058
NWARNER@WALSER.COM
bThe form in which applications should be submitted and information and materials they should include:
LETTER OF INQUIRY TO NANCY WARNER, FOUNDATION DIRECTOR - GRANT REPORT FORM. EVENT SPONSORSHIP APPLICATION - ONLINE FORM.
cAny submission deadlines:
MAY 15TH & OCTOBER 15TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ORGANIZATIONS ARE LIMITED TO ONE APPLICATION PER YEAR.
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

360 COMMUNITIES

501 E HWY 13
BURNSVILLE,MN55337 		  PC DRIVE TO END HUNGER MATCH 983

360 COMMUNITIES

501 E HWY 13
BURNSVILLE,MN55337 		  PC GRANT - PARTNERS FOR SUCCESS 4,000

ABLELIGHT INC

600 HOFFMAN DR
WATERTOWN,MN53094 		  PC GRANT - EMPLOYMENT SUPPORT SERVICES 5,000

ACBC FOOD SHELF

2615 9TH AVE N
ANOKA,MN55303 		  PC DRIVE TO END HUNGER MATCH 764

ACCESSABILITY INC

360 HOOVER ST
MINNEAPOLIS,MN55413 		  PC GRANT - PROJECT CONNECT 5,000

ACHIEVE TWIN CITIES

2829 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC GRANT - CAREER AND COLLEGE INITIATIVE 15,000

AMERICAN CANCER SOCIETY

1120 PENNSYLVANIA AVE
KANSAS CITY,MO64105 		  PC GRANT - GENERAL OPERATIONS 5,000

AMERICAN CANCER SOCIETY

PO BOX 171335
KANSAS CITY,KS66117 		  PC CATTLE BARON'S BALL SPONSORSHIP 2,500

ANN BANCROFT FOUNDATION

2356 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC ANNUAL CELEBRATION SPONSOR - ADVENTURER LEVEL 5,000

ANN BANCROFT FOUNDATION

2356 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC SHOP FOR A CAUSE 27,168

ANNEX TEEN CLINIC

5810 42ND AVE N
ROBBINSDALE,MN55422 		  PC GRANT - SCHOOL-BASED BEHAVIOR HEALTH EDUCATION 6,000
ARREH JAIN


18043 62ND PL N
PLYMOUTH,MN55311 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

ATHLETES COMMITTED TO EDUCATING STUDENTS

1115 E HENNEPIN AVE
MINNEAPOLIS,MN55414 		  PC GRANT - AFTERSCHOOL PROGRAMMING 5,000

BANYAN FOUNDATION

2529 13TH AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - K-8 AFTER SCHOOL AND SUMMER PROGRAM 10,000

BEREAN ACADEMY

201 S ELBING RD
ELBING,MN67041 		  PC DRIVEN TO GIVE WINNER 250

BESTPREP

7100 NORTHLAND CIR N
MINNEAPOLIS,MN55428 		  PC GRANT - MN BUSINESS VENTURE 5,000

BEYOND WALLS URBAN SQUASH TWIN CITIES

123 SE HARVARD ST
MINNEAPOLIS,MN55455 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

BJORG 2470 BOOSTER CLUB

5901 W 99TH ST
BLOOMINGTON,MN55438 		  PC ROBOTICS TEAM SPONSORSHIP - BLOOMINGTON HS 500

BLOOMINGTON CAREER & COLLEGE ACADEMY

8800 QUEEN AVE S
BLOOMINGTON,MN55431 		  PC GRANT - AUTOMOTIVE PATHWAY 10,000

BLOOMINGTON REMEMBERS VETERANS INC

PO BOX 201524
BLOOMINGTON,MN55420 		  PC DONATION - BLOOMINGTON VETERANS MEMORIAL 1,000

BOYS AND GIRLS CLUBS OF THE TWIN CITIES

690 JACKSON ST
ST PAUL,MN55130 		  PC GRANT - K-12 ACADEMIC SUCCESS 7,500

BREAKTHROUGH EPISCOPAL SOCIAL SERVICES

PO BOX 670
WICHITA,KS67201 		  PC GRANT - SUPPORTIVE EDUCATION PROGRAM 5,000

BREAKTHROUGH TWIN CITIES

2051 LARPENTEUR AVE E ST
ST PAUL,MN55109 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000
BRIDGETTE BELL


217 WASHBURN AVE N
MINNEAPOLIS,MN55405 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

BURNSVILLE COMMUNITY FOUNDATON

200 WEST HWY 13
BURNSVILLE,MN55337 		  PC ANNUAL WINTER LIGHTS SPONSORSHIP 250

BURNSVILLE ROTARY CLUB

PO BOX 1346
BURNSVILLE,MN55337 		  PC CONCERT FOR CARING SPONSOR 10,000

CAMP FIRE MINNESOTA

3300 TANADOONA DRIVE
EXCELSIOR,MN55331 		  PC UNDER THE STARS SPONSORSHIP 1,000

CATHOLIC CHARITIES

1007 E 14TH ST
MINNEAPOLIS,MN55404 		  PC GRANT - NORTHSIDE CHILD DEVELOPMENT CENTER 10,000

CEAP

7051 BROOKLYN BLVD
MINNEAPOLIS,MN55429 		  PC DRIVE TO END HUNGER MATCH 170

CENTER FOR INTERACTIVE LEARNING & COLLABORATION

2075 LOOKOUT DRIVE
MANKATO,MN56003 		  PC GRANT - TWIN CITIES VIRTUAL FIELD TRIP SCHOLARSHIPS 5,200

CENTRO GUADALUPANO

2211 CLINTON AVENUE
MINNEAPOLIS,MN55404 		  PC GRANT - ANDALE! YOUTH PROGRAM 5,000

CENTRO TYRONE GUZMAN

1915 CHICAGO AVE
MINNEAPOLIS,MN55404 		  PC GRANT - SIEMBRA MONTESSORI SCHOLARSHIPS 10,000

CHANGE INC

381 E ROBIE ST
ST PAUL,MN55107 		  PC GRANT - COLLEGE & CAREER READINESS 5,000

CHIDREN FIRST CEO KANSAS

PO BOX 2385
WICHITA,KS67201 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

CHRIST CHURCH OTSEGO

15849 90TH ST NE
OTSEGO,MN55330 		  PC DRIVEN TO GIVE WINNER 250

COLLEGE POSSIBLE

755 PRIOR AVE N
ST PAUL,MN55104 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

COMMUNITIES IN SCHOOLS OF THE TWIN CITIES

161 SAINT ANTHONY AVE
ST PAUL,MN55103 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

COMMUNITY PARTNERS WITH YOUTH

1900 SEVENTH ST NW
NEW BRIGHTON,MN55112 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

CONGREGATION AHAVAT SHALOM

4050 S HALEN ST
FORT WORTH,TX76109 		  PC DRIVEN TO GIVE WINNER 250

CONSTRUCTION CAREERS FOUNDATION

10590 WAYZATA BLVD
MINNETONKA,MN55305 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

COOKIE CART

1119 W BROADWAY
MINNEAPOLIS,MN55411 		  PC DIGI WORMBURNER DONATION 500

CORNELIA ELEMENTARY PTO

7000 CORNELIA DR
EDINA,MN55435 		  PC PTO EVENT SPONSORSHIP 500

CORNELIA PTO

7000 CORNELIA DR
EDINA,MN55435 		  PC CORNELIA NIGHT OUT SPONSORSHIP 500

CREATEMPLS

PO BOX 8521
MINNEAPOLIS,MN55408 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

CREEK VALLEY ELEMENTARY SCHOOL PTO

6401 GLEASON RD
EDINA,MN55439 		  PC CREEK VALLEY NIGHT OUT 1,000

CRISTO REY JESUIT HIGH SCHOOL TWIN CITIES

2924 4TH AVE S
MINNEAPOLIS,MN55408 		  PC CORPORATE INTERNSHIP PROGRAM 11,500

CROSBY-IRONTON RANGERS FISHING TEAM

C/O CROSBY-IRONTON HIGH SCHOOL 711
POPLAR ST
CROSBY,MN56441 		  PC DRIVEN TO GIVE WINNER 250

CUYUNA LAKES MOUNTAIN BIKE CREW

PO BOX 162
DEERWOOD,MN56444 		  PC DRIVEN TO GIVE WINNER 250

DISABLED AMERICA VETERANS OF MN

C/O GMADA 200 LOTHENBACH AVE
WEST ST PAUL,MN55118 		  PC GMADA DONATION 5,000

DISTRICT 279 FOUNDATION

11200 93RD AVE N
MAPLE GROVE,MN55369 		  PC GRANT - GENERAL OPERATIONS 3,000

DRESS FOR SUCCESS TWIN CITIES

1430 CONCORDIA AVE
ST PAUL,MN55104 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

DUNWOODY COLLEGE OF TECHNOLOGY

818 DUNWOODY BLVD
MINNEAPOLIS,MN55403 		  PC GRANT - AUTOMOTIVE PROGRAM 20,000

DUNWOODY COLLEGE OF TECHNOLOGY

818 DUNWOODY BLVD
MINNEAPOLIS,MN55403 		  PC GRANT - AUTOMOTIVE PROGRAM 25,500

DYSLEXIA INSITUTE OF MN

2010 SCOTT RD NW
ROCHESTER,MN55901 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

EAST SIDE LEARNING CENTER

PO BOX 6703
ST PAUL,MN55106 		  PC GRANT - LITERACY INTERVENTION 5,000

EDINA DANCE TEAM

5210 ZENITH AVE S
EDINA,MN55410 		  PC DRIVEN TO GIVE WINNER 250

EDINA GIVE AND GO

5701 NORMANDALE RD
MINNEAPOLIS,MN55424 		  PC GRANT - ACADEMIC ENRICHMENT 5,000

EDINA HIGH SCHOOL ATHLETICS

6754 VALLEY VIEW RD
EDINA,MN55439 		  PC GRANT - ADAPTIVE ATHLETICS TEAM VAN 15,000

EDWARD NEILL ELEMENTARY ISD191

13409 UPTON AVE S
BURNSVILLE,MN55337 		  PC T-SHIRTS FOR SUBARU ADOPT A SCHOOL PROGRAM 3,648
ELIZABETH GENIS


9801 DUPONT AVE S
MINNEAPOLIS,MN55431 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

ELPIS ENTERPRISES

2161 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT 5,000

EMMA NORTON SERVICES

670 ROBERT ST N
ST PAUL,MN55416 		  PC GRANT - CHILDREN & YOUTH EDUCATION AND ENRICHMENT 7,500
EMMA RAPALLINI


4513 BRUCE AVE
EDINA,MN55424 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

EXPLORATION PLACE

300 N MCLEAN BLVD
WICHITA,KS67203 		  PC SPONSORSHIP - DEATH BY CHOCOLATE 5,000

FAMILYWISE

3036 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC FAMILY FUN FEST SPONSORSHIP 500
FATMA SAMBA


6042 W BROADWAY AVE
NEW HOPE,MN55428 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

FRANKLIN CENTER

1001 BOONE AVE N
GOLDEN VALLEY,MN55427 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

FRIENDS OF THE BOUNDARY WATERS WILDERNESS

2550 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT - NO BOUNDARIES TO THE BOUNDARY WATERS 6,500

FUNTIME FUNKTIONS (BRIDGE FOR YOUTH)

PO BOX 243
PRINCETON,MN55371 		  PC FACEPAINTERS DEPOSIT FOR BRIDGE FOR YOUTH BLOCK PARTY EVENT 300

FUNTIME FUNKTIONS (BRIDGE FOR YOUTH)

PO BOX 243
PRINCETON,MN55371 		  PC FACEPAINTERS FINAL PAYMENT 470

GENESYS WORKS

445 MINNESOTA ST
ST PAUL,MN55101 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

GIGI'S PLAYHOUSE TWIN CITIES

4740 PARK GLEN RD
ST LOUIS PARK,MN55416 		  PC GRANT - GIGI'S UNIVERSITY 7,500

GOODWILL INDUSTRIES

553 FAIRVIEW AVE N
ST PAUL,MN55104 		  PC GRANT - CAREER TRAINING AND EDUCATION 5,000

GREATER MINNEAPOLIS COUNCIL OF CHURCHES

1100 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GRANT - GENIUS LABS AND TEEN TECH 10,000

GROVES ACADEMY

3200 HWY 100 SOUTH
ST LOUIS PARK,MN55416 		  PC GRANT - GROVES LITERACY PARTICIPANTS 15,000

HABITAT FOR HUMANITY TWIN CITIES

1954 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC A BRUSH WITH KINDNESS SPONSORSHIP 3,000

HENNEPIN HEALTHCARE FOUNDATION

701 PARK AVE S
MINNEAPOLIS,MN55415 		  PC GRANT - THE TALENT GARDEN 15,000

HIRED

217 FIFTH AVE N
MINNEAPOLIS,MN55401 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

HMONG AMERICAN PARTNERSHIP

1075 ARCADE ST
ST PAUL,MN55106 		  PC GRANT - HAP ACADEMY OIC 10,000

HOPE ACADEMY

2300 CHICAGO AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - STUDENT SCHOLARSHIPS 24,000

HUMANITY ALLIANCE

7600 VICTORIA DR
VICTORIA,MN55386 		  PC DRIVEN TO GIVE WINNER 250

HUMANKIND MINISTRIES

829 N MARKET
WICHITA,KS67214 		  PC SPONSORSHIP - HAB AWARDS 2,500

INTERCONGREGATION COMMUNITIES ASSOCIATION

11588 K-TEL DRIVE
MINNETONKA,MN55343 		  PC DRIVE TO END HUNGER MATCH 239

INTERMEDIATE DISTRICT 287

1820 XENIUM LANE N
PLYMOUTH,MN55441 		  PC GRANT - HENNEPIN TECHNICAL PATHWAYS PROGRAM 14,033

IOCP

1605 CTY RD 101
PLYMOUTH,MN55447 		  PC DRIVE TO END HUNGER MATCH 50

JEREMIAH PROGRAM

1510 LAUREL AVE
MINNEAPOLIS,MN55403 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

JEWISH FAMILY & CHILDREN'S SERVICES

5905 GOLDEN VALLEY RD
GOLDEN VALLEY,MN55422 		  PC GRANT - PARENT CHILD + 10,000

JOYCE PRESCHOOL

3400 PARK AVE
MINNEAPOLIS,MN55407 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

JP4 FOUNDATION

3200 LABORE RD
VADNAIS HEIGHTS,MN55110 		  PC DRIVEN TO GIVE WINNER 250

JUNIOR ACHIEVEMENT NORTH

1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

JUNIOR ACHIEVEMENT OF KANSAS

PO BOX 780683
WICHITA,KS67278 		  PC GRANT - GENERAL OPERATING EXPENSES 10,080

JUXTAPOSITION ARTS

2007 EMERSON AVE N
MINNEAPOLIS,MN55411 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

KANSAS COUNCIL ON ECONOMIC EDUCATION

1845 FAIRMOUNT ST
WICHITA,KS67260 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

KANSAS FOOD BANK

1919 E DOUGLAS
WICHITA,KS67211 		  PC DRIVE TO END HUNGER MATCH 1,672

KANSAS HUMANE SOCIETY

3313 N HILLSIDE
WICHITA,KS67219 		  PC DRIVEN TO GIVE WINNER 250

KANSAS HUMANE SOCIETY

3313 N HILLSIDE
WICHITA,KS67219 		  PC DRIVEN TO GIVE WINNER 250

KANSAS TELECOMMUNICATIONS SERVICESPBS KANSAS

8710 E 32ND ST N
WICHITA,KS67226 		  PC GRANT - COCHENER-GARVEY CHILDREN'S EDUCATION AND DISCOVERY CENTER 10,000

KEYSTONE COMMUNITY SERVICES

2000 ST ANTHONY AVE
ST PAUL,MN55104 		  PC DRIVE TO END HUNGER MATCH 302

KEYSTONE COMMUNITY SERVICES

2000 ST ANTHONY AVE
ST PAUL,MN55104 		  PC GRANT - YOUTH EMPLOYMENT & TRAINING PROGRAM 10,000

LITERACY MINNESOTA

700 RAYMOND AVE
ST PAUL,MN55114 		  PC GRANT - SUMMER READS 6,000

LUTHERAN SOCIAL SERVICES

2485 COMO AVE
ST PAUL,MN55108 		  PC GRANT - FAMILIES TOGETHER THERAPEUTIC PRESCHOOL 10,000

MAINSTREET FOUNDATION

1609 MAINSTREET
HOPKINS,MN55343 		  PC RASPBERRY ROYALTY SCHOLARSHIPS 4,500
MALINA SCHILLER


17596 LAKE ALLEN DR
BRAINERD,MN56401 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

MICROGRANTS

100 NORTH SIXTH ST
MINNEAPOLIS,MN55403 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

MIGIZI COMMUNICATIONS

1845 E LAKE ST
MINNEAPOLIS,MN55406 		  PC GRANT - INDIGENOUS PATHWAYS 10,000

MINNEAPOLIS BOYS HIGH SCHOOL HOCKEY

1250 WEST BRAODWAY AVE
MINNEAPOLIS,MN55411 		  PC GAME DAY & GOLF FUNDRAISER SPONSORSHIP 350

MINNEAPOLIS COLLEGE OF ART AND DESIGN

2501 STEVENS AVE
MINNEAPOLIS,MN55404 		  PC MCAD ART SALE 2023 SPONSORSHIP 2,500

MINNESOTA EYE FOUNDATION

1079 WAYZATA BLVD
MINNETONKA,MN55305 		  PC STRIDES 4 SIGHT SPONSORSHIP 500

MINNESOTA INDEPENDENCE COLLEGE & COMMUNITY

7501 LOGAN AVE S
RICHFIELD,MN55423 		  PC GRANT - CAREERS PROGRAM 10,000

MINNESOTA PRIVATE COLLEGE FUND

445 MINNESOTA STREET SUITE 500
ST PAUL,MN55101 		  PC GRANT - BLACK MEN'S SUCCESS INITIATIVE 32,250

MINNESOTA TECH FOR SUCCESS

504 MALCOLM AVE SE
MINNEAPOLIS,MN55414 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

MN ADULT & TEEN CHALLENGE

740 E 24TH ST
MINNEAPOLIS,MN55404 		  PC RAFFLE CAR GRANT 25,878

MN ASST COUNCIL FOR VETS

C/O GMADA 200 LOTHENBACH AVE
WEST ST PAUL,MN55118 		  PC GMADA DONATION 5,000

MN LANDSCAPE ARBORETUM

3675 ARBORETUM DR
CHASKA,MN55318 		  PC GRANT - GROWING GOOD YOUTH INTERNSHIP PROGRAM 8,000

MONTESSORI CENTER OF MINNESOTA

1611 AMES AVE E
ST PAUL,MN55106 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

MS SOCIETY

2829 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC MS WALK - FOOD SPONSOR 5,000

NEIGHBORHOOD HOUSE

179 ROBIE ST EAST
ST PAUL,MN55107 		  PC GRANT - YOUTH LITERACY PROGRAM 7,500

NENA (NOKOMIS EAST NEIGHBORHOOD ASSOC)

50051/2 34TH AVE
MINNEAPOLIS,MN55417 		  PC DRIVEN TO GIVE WINNER 250

NEWGATE EDUCATION AND RESEARCH CENTER

2900 E HENNEPIN AVE
MINNEAPOLIS,MN55413 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

NORTHEAST METRO 916 NITRO-X SUMMER CAMP CO JOHN WITTHAUER

3300 CENTURY AVE N
WHITE BEAR LAKE,MN55110 		  PC CAMP SPONSORSHIP 500

NORTHSIDE ACHIEVEMENT ZONE (NAZ)

1964 N 2ND ST
MINNEAPOLIS,MN55411 		  PC DIGI WORMBURNER DONATION 500

NORTHWESTERN HEALTH SCIENCES UNIVERSITY

2501 W 84TH ST
BLOOMINGTON,MN55431 		  PC GRANT - STUDENT SCHOLARSHIPS 5,000

OASIS FOR YOUTH

2200 W OLD SHAKOPEE RD
BLOOMINGTON,MN55431 		  PC GRANT - WORKFORCE INNOVATION 5,000

OPEN ARMS OF MN

2500 BLOOMINGTON AVE
MINNEAPOLIS,MN55404 		  PC DRIVEN TO GIVE WINNER 250

OPEN YOUR HEART TO THE HUNGRY AND HOMELESS

2909 S WAYZATA BLVD
MINNEAPOLIS,MN55405 		  PC GRANT - EDUCATION INITIATIVES 5,000

ORDWAY PERFORMING ARTS CENTER

345 WASHINGTON ST
ST PAUL,MN55102 		  PC GRANT - GREENROOM 6,000

PARK NICOLLET FOUNDATION

6500 EXCELSIOR BLVD
ST LOUIS PARK,MN55426 		  PC GRANT - GROWING THROUGH GRIEF 5,000

PEACEMAKER MINNESOTA

2131 FAIRVIEW AVE N
ROSEVILLE,MN55113 		  PC GRANT - GENERAL OPERATING EXPENSES 3,000

PEOPLE INCORPORATED

3300 AMES CROSSING RD
EAGAN,MN55121 		  PC GRANT - PATHWAYS WORKFORCE DEVELOPMENT 15,000

PEOPLE SERVING PEOPLE INC

614 33RD ST
MINNEAPOLIS,MN55415 		  PC SHOP FOR A CAUSE 21,218

PERSPECTIVES INC

3381 GORMAN AVE
ST LOUIS PARK,MN55426 		  PC GRANT - CHILDREN'S PROGRAMS 5,000

PRAIRIE VIEW

1901 E 1ST ST
NEWTON,KS67114 		  PC SHOP FOR A CAUSE 1,775

PROJECT DIVA

2100 STEVENS AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - GENERAL OPERATING EXPENSES 2,500

PROJECT SUCCESS

1 GROVELAND TERRACE
MINNEAPOLIS,MN55403 		  PC GRANT - PS INSTITUTE 10,000

REGIONS HOSPITAL FOUNDATION

640 JACKSON ST MAIL STOP 11202C
ST PAUL,MN55101 		  PC MISSION IN ACTION FUND/CORPORATE COUNCIL 10,000

RONALD MCDONALD HOUSE CHARITIES

551 N HILLSIDE SUITE 100
WICHITA,KS67214 		  PC GOLF TOURNAMENT SPONSOR 2,000

RONALD MCDONALD HOUSE CHARITIES

828 FULTON ST SE
MINNEAPOLIS,MN55414 		  PC DRIVEN TO GIVE WINNER 250

SIMPSON HOUSING SERVICES

160 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - KAMP KINDERGARTEN 5,000

SOUTHSIDE FAMILY NURTURING CENTER

2448 18TH AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

SPECIAL OLYMPICS MN

900 2ND AVE
MINNEAPOLIS,MN55402 		  PC TRUCK WRAP SPONSOR 2023-2025 10,000

ST DAVID'S LEARNING CENTER

3395 PLYMOUTH RD
MINNETONKA,MN55305 		  PC GRANT - INCLUSIVE EARLY CHILDHOOD EDUCATION 10,000

STUDIO 180

3017 4TH AVE S
MINNEAPOLIS,MN55408 		  PC GRANT - LAKE STREET WORKS 10,000

SUICIDE AWARENESS VOICES OF EDUCATION (SAVE)

7900 XERXES AVE S
MINNEAPOLIS,MN55431 		  PC SAVE WALK/RUN SPONSORSHIP 5,000

SUMMIT ACADEMY OIC

935 OLSON MEMORIAL HWY
MINNEAPOLIS,MN55405 		  PC GRANT - GENERAL OPERATING EXPENSES 15,000
TEAGAN GIESE


5120 ST ANTHONY AVE
WHITE BEAR LAKE,MN55110 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

THE BAKKEN MUSEUM

3537 ZENITH AVE S
MINNEAPOLIS,MN55416 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

THE BRANDLAB

PO BOX 8159
MINNEAPOLIS,MN55408 		  PC GRANT - COLLEGE INTERNSHIPS 7,500

THE BRIDGE FOR YOUTH

1111 W 22ND ST
MINNEAPOLIS,MN55405 		  PC SPONSORSHIP 1,500

THE FACE IT FOUNDATION

3550 LEXINGTON AVE N
SHOREVIEW,MN55126 		  PC SHOP FOR A CAUSE 23,293

THE FAMILY PARTNERSHIP

1527 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GRANT - THERAPEUTIC PRESCHOOLS 5,000

THE FOOD GROUP

8501 54TH AVE N
MINNEAPOLIS,MN55428 		  PC SHOP FOR A CAUSE 21,993

THE KIDS NETWORK

300 W DOUGLAS SUITE 145
WICHITA,KS67202 		  PC SNACK SPONSOR - STEP UP FOR KIDS 1,500

THE LINK

1210 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - SCHOOL MATTERS 8,500

THE MINNEAPOLIS FOUNDATION

800 IDS CENTER 80 S 8TH ST
MINNEAPOLIS,MN55402 		  PC CONTRIBUTION TO TRADES AMBASSADOR PROJECT FUND (TRADES HUB) 10,000

THE MINNEAPOLIS FOUNDATION

800 IDS CENTER 80 S 8TH ST
MINNEAPOLIS,MN55402 		  PC DRIVEN TO SUCCEED SCHOLARSHIP FUND 15,200

THE REDEMPTION PROJECT

8400 NORMANDALE LAKE BLVD SUITE
9920
MINNEAPOLIS,MN55437 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

THE WELFARE TEAM

5112 SANDY BANKS RD
RALEIGH,NC27616 		  PC DRIVEN TO GIVE WINNER 250

THE WOMEN'S NETWORK

510 3RD ST N
WICHITA,KS67202 		  PC SHOP FOR A CAUSE 1,675

TREE TRUST

1419 ENERGY PARK DR
ST PAUL,MN55108 		  PC GRANT - SUMMER YOUTH EMPLOYMENT 8,000

TREEHOUSE INC

5755 WAYZATA BLVD
MINNEAPOLIS,MN55416 		  PC GRANT - TREEHOUSE NEXT 5,000

TUBMAN

4432 CHICAGO AVENUE SOUTH
MINNEAPOLIS,MN55407 		  PC GRANT - MOVEMENT FOR VIOLENCE PREVENTION 5,000

UNITED WAY OF THE PLAINS

245 N WATER ST
WICHITA,KS67202 		  PC GRANT - IMAGINATION LIBRARY 10,000

URBAN BOATBUILDERS

2288 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

URBAN LEAGUE TWIN CITIES

2100 PLYMOUTH AVE N
MINNEAPOLIS,MN55411 		  PC UNITY BALL 2023 SPONSORSHIP 2,500

URBAN ROOTS MN

1110 PAYNE AVE
ST PAUL,MN55130 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

URBAN VENTURES

2924 FOURTH AVE S
MINNEAPOLIS,MN55408 		  PC GRANT - GENERAL OPERATIONS 15,000

VAIL PLACE

23 9TH AVE S
HOPKINS,MN55343 		  PC GRANT - SUPPORTED EMPLOYMENT PROGRAM 5,000
VALERIE PANVICA


10301 DECATUR AVE S
BLOOMINGTON,MN55438 		NONE I DRIVING STRONGER COMMUNITY SCHOLARSHIP 1,000

VEAP

9600 ALDRICH AVE S
BLOOMINGTON,MN55420 		  PC DRIVE TO END HUNGER MATCH 483

VOLUNTEERS OF AMERICA

7625 METRO BLVD
EDINA,MN55439 		  PC GRANT - HIGH SCHOOL EXPERIENTIAL LEARNING 10,000

VOYAGEUR OUTWARD BOUND SCHOOL

1650 CARROLL AVE
ST PAUL,MN55104 		  PC GRANT - COMMUNITY PARTNER PROGRAM 15,000

WALLIN EDUCATION PARTNERS

5200 WILSON ROAD STE 209
MINNEAPOLIS,MN55424 		  PC GRANT- GENERAL OPERATIONS 15,000

WASHBURN CENTER FOR CHILDREN

1100 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - GENERAL OPERATING EXPENSES 15,000

WAY TO GROW

201 IRVING AVE N
MINNEAPOLIS,MN55405 		  PC GRANT - GREAT BY EIGHT 15,000

WHITE BEAR AREA EMERGENCY FOOD SHELF

1884 WHITAKER AVE
WHITE BEAR LAKE,MN55110 		  PC DRIVE TO END HUNGER MATCH 976

WICHITA ART MUSEUM

1400 W MUSEUM BLVD
WICHITA,KS67203 		  PC GRANT - ART START & STORTIME IN THE GALLERIES 12,800

WICHITA STATE UNIVERSITY

1845 FAIRMOUNT ST WSU CAMPUS BOX
0002
WICHITA,KS67260 		  PC GRANT - HUMAN-CENTERED DESIGN & ASSISTIVE TECHNOLOGY 10,500

WICHITA'S LITTLEST HEROES

203 N MATHEWSON AVE
WICHITA,KS67214 		  PC SHOP FOR A CAUSE 4,375

WOMEN VENTURE

165 WESTERN AVE N SUITE 8
ST PAUL,MN55702 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

X OUT ALD

10537 THOMAS AVE S
BLOOMINGTON,MN55431 		  PC DRIVEN TO GIVE WINNER 250

YMCA OF GREATER WICHITA

93333 EAST DOUGLAS AVE
WICHITA,KS67207 		  PC GRANT - JOB PREP PROGRAM 15,000

YOUTH FRONTIERS

5215 EDINA INDUSTRIAL BLVD
MINNEAPOLIS,MN55439 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

YOUTHLINK

41 N 12TH ST
MINNEAPOLIS,MN55403 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000
Total .................................right arrow 3a 1,226,845
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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,402  
4 Dividends and interest from securities ....     14 155,436  
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 -30,513  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 127,325 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
127,325
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (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

TY 2023 InvestmentsCorpStockSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 178,613 178,613
ALPHABET CORP 176,428 176,428
AMPHENOL CORP 179,822 179,822
CHECK PT SOFTWARE 178,764 178,764
CHURCH & DWIGHT CO INC 170,019 170,019
CVS HEALTH CORP 177,107 177,107
DANAHER CORP 176,281 176,281
EXPEDITORS INTL WASH 182,659 182,659
FASTENAL CO 177,470 177,470
FEDEX CORP 161,901 161,901
FISERV INC 183,983 183,983
ILLINOIS TOOL WORKS 189,383 189,383
INTERCONTINENTAL EXC 197,397 197,397
JOHNSON & JOHNSON 172,414 172,414
MERCK & CO. INC. 172,906 172,906
MICROSOFT CORP 171,098 171,098
QUALCOMM INC 182,812 182,812
ROPER TECHNOLOGIES 178,816 178,816
SHERWIN WILLIAMS CO 180,902 180,902
STRYKER CORP 178,179 178,179
THERMO FISHER SCIENTIFIC 174,099 174,099
VISA INC 174,435 174,435
WALMART INC 183,032 183,032
WALT DISNEY CO 164,147 164,147
ZEBRA TECHNOLOGIES 191,058 191,058

TY 2023 InvestmentsGovtObligationsSch
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
US Government Securities - End of Year Book Value:

1,513,547
US Government Securities - End of Year Fair Market Value:

1,513,547
State & Local Government Securities - End of Year Book Value:


2,679,480
State & Local Government Securities - End of Year Fair Market Value:


2,679,480


TY 2023 OtherExpensesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 154 154   0


TY 2023 OtherIncreasesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Description Amount
UNREALIZED GAIN ON INVESTMENTS 959,056


TY 2023 OtherProfessionalFeesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT BROKER FEE 60,709 60,709   0


TY 2023 TaxesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 2,000 0   0