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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4912 EMERSON AVE S
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554195334
A Employer identification number

41-1680986
B Telephone number (see instructions)

(612) 865-3749
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$31,541,696
J 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) 4,154,485
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 754,555 754,555  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 83,371
b Gross sales price for all assets on line 6a 1,626,068
7 Capital gain net income (from Part IV, line 2)... 83,371
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........ 4,992,411 837,926  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 48,000 0   48,000
14 Other employee salaries and wages...... 82,272 82,272   0
15 Pension plans, employee benefits....... 27,080 27,080   0
16a Legal fees (attach schedule)......... 5,926 5,926   0
b Accounting fees (attach schedule)....... 18,585 18,585   0
c Other professional fees (attach schedule).... 50,000 50,000   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 60,630 14,630   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 8,082 8,082   0
21 Travel, conferences, and meetings....... 20,669 20,669   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 13,956 13,956   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 335,200 241,200   48,000
25 Contributions, gifts, grants paid....... 1,597,000 1,597,000
26 Total expenses and disbursements. Add lines 24 and 25 1,932,200 241,200   1,645,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,060,211
b Net investment income (if negative, enter -0-) 596,726
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............. 73,769 56,820 56,820
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule).......      
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).......... 25,804,248 Click to see attachment
List of Attached Documents:
// Content
29,006,792
31,484,876
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) 25,878,017 29,063,612 31,541,696
Liabilities 17 Accounts payable and accrued expenses.......... 739,462 769,775
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)......... 739,462 769,775
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 25,138,555 28,293,837
29 Total net assets or fund balances (see instructions)..... 25,138,555 28,293,837
30 Total liabilities and net assets/fund balances (see instructions). 25,878,017 29,063,612
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
25,138,555
2
Enter amount from Part I, line 27a .....................
2
3,060,211
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
95,071
4
Add lines 1, 2, and 3 ..........................
4
28,293,837
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
28,293,837
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 FIDELITY P   2023-12-31
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 1,626,068   1,542,697 83,371
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       83,371
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 83,371
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 8,294
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 8,294
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 8,294
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,354
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 7,354
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 31
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 971
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowJENELLE WELLER Telephone no.right arrow (612) 259-8696

Located atright arrow4912 EMERSON AVENUE SOUTHMINNEAPOLISMN ZIP+4right arrow55419
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)
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
DR LINDA LEUTHOLD DONERKIEL DIRECTOR
1.00
12,000 0 0
2012 FOX FAIRWAY COURT
MCCALL,ID83638
MICHAEL LEUTHOLD DIRECTOR
1.00
12,000 0 0
2147 S TURKEY CREEK ROAD
SAN SIMON,AZ85632
KURT LEUTHOLD DIRECTOR
1.00
12,000 0 0
1810 OAKVIEW LANE N
PLYMOUTH,MN55441
RUSSELL LEUTHOLD DIRECTOR
1.00
12,000 0 0
11 GIGAGEI COURT
BREVARD,NC28712
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 Click to see attachment
List of Attached Documents:
// Content
0
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
26,742,484
b
Average of monthly cash balances.......................
1b
1,012,640
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
27,755,124
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
27,755,124
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
416,327
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,338,797
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,366,940
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
1,366,940
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
8,294
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,294
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,358,646
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,358,646
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
1,358,646
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
1,645,000
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
1,645,000
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 1,358,646
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...... 1,055,987
b From 2019...... 395,732
c From 2020...... 114,937
d From 2021...... 302,961
e From 2022...... 681,189
f Total of lines 3a through e ........ 2,550,806
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,645,000
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..... 1,358,646
e Remaining amount distributed out of corpus 286,354
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 2,837,160
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) ...
1,055,987
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
1,781,173
10 Analysis of line 9:
a Excess from 2019.... 395,732
b Excess from 2020.... 114,937
c Excess from 2021.... 302,961
d Excess from 2022.... 681,189
e Excess from 2023.... 286,354
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:
MICHAEL LEUTHOLD
4912 EMERSON AVENUE SOUTH
MINNEAPOLIS,MN55419
(612) 259-8696
bThe form in which applications should be submitted and information and materials they should include:
LETTER STATING PURPOSE FOR WHICH FUNDS ARE REQUESTED AND RELEVANT INFORMATION ON ACTIVITIES OF ORGANIZATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

30 DAYS FOUNDATION

8014 OLSON HIGHWAY 195
GOLDEN VALLEY,MN55427
    OPERATIONS 10,000

A MOTHER'S LOVE INITIATIVE

3451 CEDAR AVE S
MINNEAPOLIS,MN55407
    OPERATIONS 4,000

ACLE NET AFRICAN CENTRES FOR LIGHTNING AND ELECTROMAGNETICS

11374 N CATUS ROSE DRIVE
ORO VALLEY,AZ85737
    OPERATIONS 10,000

ACLU

PO BOX 17148
PHOENIX,AZ85011
    OPERATIONS 15,000

ACLU OF IDAHO

PO BOX 1897
BOISE,IA83701
    OPERATIONS 10,000

ADVOCATES FOR THE WEST

1320 W FRANKLIN STREET
BOISE,ID83702
    OPERATIONS 5,000

ALBERT PAINE PAINSDALE UNITED METHODIST CHURCH

PO BOX 92
PAINSDALE,MI49930
    OPERATIONS 5,000

ALZHEIMER'S DRUG DISCOVERY FOUNDATION

57 WEST 57TH STREET SUITE 904
NEW YORK,NY10019
    OPERATIONS 20,000

AMERICAN BIRD CONSERVANCY

PO BOX 249 4249 LOUDOUN AVE
THE PLAINS,VA201982237
    OPERATIONS 15,000

ANIMAL RESCUE LEAGUE IOWA

5452 NORTHEAST 22ND STREET
DES MOINES,IA50313
    OPERATIONS 10,000

ANIMALS IN DISTRESS

2201 WEST BOISE AVE
BOISE,ID837063163
    OPERATIONS 5,000

APPALACHIAN BEAR RESCUE

121 PAINTED TRILLIUM
TOWNSEND,TN37882
    OPERATIONS 10,000

APPALACHIAN TRAIN CONSERVANCY

799 WASHINGTON STREET
HARPERS FERRY,WV25425
    OPERATIONS 10,000

ARIZONA LAND AND WATER TRUST

2810 N ALVERNON WAY STE 600
TUCSON,AZ85712
    OPERATIONS 7,500

ARIZONAS CHILDREN'S ASSOCPARENT CONNECTION

3716 E COLUMBIA STREET
TUCSON,AZ85714
    OPERATIONS 5,000

BIG BROTHERSBIG SISTERS OF TUCSON

160 E ALAMEDA ST
TUCSON,AZ85701
    OPERATIONS 1,000

BLUE RIDGE CONSERVANCY

PO BOX 568
BOONE,NC28607
    OPERATIONS 10,000

BORN FREE

8737 COLESVILLE ROAD 715
SILVER SPRING,MD20910
    OPERATIONS 15,000

BOYS & GIRLS CLUB OF TUCSON

PO BOX 40217
TUCSON,AZ85717
    OPERATIONS 5,000

CALUMET ART CENTER

57055 5TH STREET
CALUMENT TOWNSHIP,MI49913
    OPERATIONS 2,000

CAN DO CANINES

9440 SCIENCE CENTER DRIVE
NEW HOPE,MN55428
    OPERATIONS 10,000

CASCADE FOOD PANTRY

1470 S MAIN STREET
CASCADE,ID83611
    OPERATIONS 10,000

CATAWABA LANDS CONSERVANCY

2400 PARK ROAD
CHARLOTTE,NC28203
    OPERATIONS 10,000

CATCH INC

503 S AMERICANA BLVD
BOISE,ID83702
    OPERATIONS 5,000

CENTER FOR BIOLOGICAL DIVERSITY

PO BOX 710
TUCSON,AZ857020710
    OPERATIONS 70,000

CENTER FOR SCIENCE IN THE PUBLIC INTEREST

1220 L STREET NW STE 300
WASHINGTON,DC20005
    OPERATIONS 5,000

CHILD LANGUAGE CENTER INC

202 E SPEEDWAY
TUCSON,AZ85705
    OPERATIONS 5,000

CHIMP HAVEN

13600 CHIMPANZEE PLACE
KEITHVILLE,LA71047
    OPERATIONS 10,000

CHIRICAHUA GALLERY

PO BOX 235
RODEO,NM88056
    OPERATIONS 2,000

CHIRICAHUA LAND CONSERVANCY

PO BOX 16234
PORTAL,AZ856321234
    OPERATIONS 10,000

CHIRICAHUA REGIONAL COUNCIL

1282 W CREEK ROAD
PORTAL,AZ856322031
    OPERATIONS 5,000

CHIRICAHUA-PELONCILLO HIST SOCIETY

PO BOX 16234
PORTAL,AZ85632
    OPERATIONS 7,500

COALITION FOR SONORAN DESERT PROTECTION

738 N 5TH AVE SUITE 212
TUCSON,AZ85705
    OPERATIONS 5,000

COCHISE COUNTRY HIST SOCIETY

PO BOX 818
DOUGLAS,AZ85608
    OPERATIONS 3,000

COMMUNITY FOODBANK OF SOUTHERN ARIZONA

3003 SOUTH COUNTRY CLUB ROAD
TUCSON,AZ000085713
    OPERATIONS 25,000

CONSERVING CAROLINA

847 CASE STREET
HENDERSONVILLE,NC28792
    OPERATIONS 10,000

COPPER COUNTRY AUDUBON SOCIETY

PO BOX 124
HOUGHTON,MI49931
    OPERATIONS 3,000

COPPER HARBOR TRAILS CLUB

PO BOX 37
COPPER HARBOR,MI49918
    OPERATIONS 2,000

COPPER RANGE HISTORICAL SOCIETY

44 TRIMOUNTAIN AVE PO BOX 148
SOUTH RANGE,MI49963
    OPERATIONS 2,000

DAVIDSON LANDS CONSERVANCY

PO BOX 1952
DAVIDSON,NC28036
    OPERATIONS 10,000

EARTH WORKS

1612 K ST NW SUITE 808
WASHINGTON,DC20006
    OPERATIONS 10,000

EARTHJUSTICE

50 CALIFORNIA STREET SUITE 500
SAN FRANCISCO,CA94111
    OPERATIONS 40,000

EASTER SEALS OF IOWA

401 NE 66TH AVE
DES MOINES,IA50313
    OPERATIONS 50,000

EL RIO FOUNDATION

839 W CONGRESS
TUCSON,AZ85745
    OPERATIONS 20,000

ELECTRONIC FRONTIER FOUNDATION

815 EDDY STREET
SAN FRANCISCO,CA94109
    OPERATIONS 5,000

ENVIRONMENTAL PAPER NETWORK

1 HAYWOOD STREET
ASHEVILL,NC28801
    OPERATIONS 2,000

FRESH ENERGY

408 SAINT PETER STREET STE 220
ST PAUL,MN55102
    OPERATIONS 5,000

FRIENDS OF CAVE CREEK CANYON

PO BOX 16126
PORTAL,AZ85362
    OPERATIONS 12,500

FRIENDS OF DUPONT FOREST

PO BOX 218
HENDERSONVILLE,NC28793
    OPERATIONS 10,000

FRIENDS OF PANTHERTOWN

PO BOX 51
CASHIERS,NC28717
    OPERATIONS 10,000

FRIENDS OF SAX-ZIMM BOG

PO BOX 3585
DULUTH,MN55803
    OPERATIONS 45,000

FRIENDS OF THE MISSISSIPPI

101 EAST 5TH STREET SUITE 2000
ST PAUL,MN55101
    OPERATIONS 25,000

FRIENDS OF THE MYRTLE KRAFT-PORTAL LIBRARY

PO BOX 16552
PORTAL,AZ856326552
    OPERATIONS 4,000

GIFFORDS LAW CENTER TO PREVENT GUN VIOLENCE

268 BUSH STREET 555
SAN FRANCISCO,CA94104
    OPERATIONS 5,000

GLEN CANYON INSTITUTE

3090 EAST 3300 SOUTH SUITE 400
SALT LAKE CITY,UT84109
    OPERATIONS 42,000

GRANDPARENTS AS PARENTS INC

22048 SHERMAN WAY 217
CANOGA PARK,CA91303
    OPERATIONS 5,000

GRATIOT LAKE CONSERVANCY

PO BOX 310
MOHAWK,MI49950
    OPERATIONS 7,000

GREENPEACE

702 H STREET NW SUITE 300
WASHINGTON,DC20001
    OPERATIONS 20,000

GREYHOUND RESCUE OF IDAHO

1123 12TH AVENUE ROAD 372
NAMPA,ID83686
    OPERATIONS 5,000

HARMONY AND HOPE HORSE HAVEN (HHHH)

PO BOX 173
RODEO,NM88056
    OPERATIONS 7,000

HEARTGIFT LOUISIANA

5500 PRYTANIA 306
NEW ORLEANS,LA70461
    OPERATIONS 25,000

HIGHLANDS-CASHIERS LAND TRUST

348 S 5TH STREET
HIGHLANDS,NC28741
    OPERATIONS 10,000

HUMANE FARMING ASSOCIATION

36 WOODLAND AVENUE
SAN RAFAEL,CA94901
    OPERATIONS 43,000

HUMANE SOCIETY OF SOUTHERN ARIZONA

635 W ROGER ROAD
TUCSON,AZ85705
    OPERATIONS 5,000

IDAHO FOODBANK WAREHOUSE

3562 SOUTH TK AVENUE
BOISE,ID83705
    OPERATIONS 20,000

INTERCULTURAL CENTER FOR STUDY OF DESERTS & OCEANS

PO BOX 44208
TUCSON,AZ85733
    OPERATIONS 1,000

INTERNATIONAL HEARING DOG INC

5901 E 89TH AVE
HENDERSON,CO80640
    OPERATIONS 5,000

IZAAK WALTON LEAGUE OF AMERICA MINNESOTA DIVISION

2233 UNIVERSITY AVE W STE 339
ST PAUL,MN55114
    OPERATIONS 5,000

KEWEENAW COMMUNITY FOREST COMPANY

13992 SMITH FISHERIES ROAD
MOHAWK,MI49950
    OPERATIONS 75,000

KEWEENAW COUNTY HISTORICAL SOCIETY

670 LIGHTHOUSE ROAD
EAGLE HARBOR,MI49950
    OPERATIONS 7,000

KEWEENAW LAND TRUST

101 QUINCY STREET STE 303
HANCOCK,MI49930
    OPERATIONS 23,000

KEWEENAW NATURAL AREAS

2869 US HWY 41 NORTH
AHMEEK,MI49901
    OPERATIONS 50,000

KORC KEWEENAW OUTDOOR RECREATION COALITION

PO BOX 300
MOHAWK,MI49950
    OPERATIONS 34,000

LAKE SUPERIOR STEWARDSHIP

809 HECLA ST
HANCOCK,MI49930
    OPERATIONS 3,000

LITTLE BROTHERS FRIENDS OF THE ELDERLY

527 HANCOCK STREET
HANCOCK,MI49930
    OPERATIONS 2,000

LIVE THEATER WORKSHOP

3322 E FORT LOWELL ROAD
TUCSON,AZ85716
    OPERATIONS 7,500

MAINSPRING CONSERVATION TRUST

557 E MAIN STREET
FRAINKLIN,NC28734
    OPERATIONS 10,000

MALPAI BORDERLANDS GROUP

PO BOX 3536
DOUGLAS,AZ85607
    OPERATIONS 6,000

MCCALL OUTDOOR SCIENCE SCHOOL U OF IDAHO

875 PERIMETER DRIVE MS 3201
MOSCOW,ID838443201
    OPERATIONS 20,000

MEALS ON WHEELS OF BREVARD

PO BOX 485
BREVARD,NC28712
    OPERATIONS 10,000

MIGIZI

1845 EAST LAKE STREET
MINNEAPOLIS,MN55407
    OPERATIONS 4,000

MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCACY

1919 UNIVERSITY AVE W STE 515
ST PAUL,MN55101
    OPERATIONS 15,000

MINNESOTA LAND TRUST

2356 UNIVERSITY AVE WEST STE 240
ST PAUL,MN55114
    OPERATIONS 5,000

MOBILE MEALS OF TUCSON

4803 EAST 5TH STREET 209
TUCSON,AZ85711
    OPERATIONS 5,000

MYGENERATION

67-1185 MAMALAHOA
KAMUEL,HI96743
    OPERATIONS 5,000

NATURAL RESOURCES DEFENSE COUNCIL NRDC

40 W 20TH ST
NEW YORK,NY10011
    OPERATIONS 25,000

NE MINNESOTANS FOR WILDERNESS SUSTAINABLE ELY

PO BOX 625
ELY,MN55731
    OPERATIONS 10,000

NORTH CAROLINA BOTANICAL GARDEN FOUNDATION

100 OLD MASON FARM RD
CHAPEL HILL,NC27517
    OPERATIONS 10,000

NORTH CAROLINA WILDLIFE FEDERATION

1024 WASHINGTON STREET
RALEIGH,NC27605
    OPERATIONS 10,000

NORTHERN JAGUAR PROJECT

2114 WEST GRANT ROAD SUITE 121
TUCSON,AZ85745
    OPERATIONS 5,000

NORWEGIAN LUTHERAN CHURCH HISTORICAL SOCIETY

PO BOX 294
CALUMET,MI49913
    OPERATIONS 4,000

OLD PUEBLO ACHAEOLOGY CENTER DENI SEYMOR

PO BOX 40577
TUCSON,AZ857170577
    OPERATIONS 5,000

PAINSDALE MINE & SHAFT

PO BOX 332
PAINSDALE,MI49955
    OPERATIONS 5,000

PATAGONIA AREA RESOURCE ALLIANCE

PO BOX 1044
PATAGONIA,AZ85624
    OPERATIONS 5,000

PAYETTE LAND TRUST

309 EAST LAKE STREET
MCCALL,ID83638
    OPERATIONS 16,000

PETS FOR THE ELDERLY FOUNDATION

530 E HUNT HWY STE 103 PMB 472
SAN TAN VALLEY,AZ85143
    OPERATIONS 10,000

PISGAH CONSERVANCY

159 W MAIN STREET
VREVARD,NC28712
    OPERATIONS 10,000

PLANNED PARENTHOOD ARIZONA

4751 N 15TH ST
PHOENIX,AZ85014
    OPERATIONS 15,000

PORTAL RESCUE

PO BOX 16331
PORTAL,AZ85632
    OPERATIONS 9,000

RAIN FOREST ALLIANCE

233 BROADWAY 28TH FLOOR
NEW YORK,NY10279
    OPERATIONS 10,000

RAZOM FOR UKRAINE

140 2ND AVE SUITE 305
NEW YORK,NY10003
    OPERATIONS 20,000

REAL PEOPLE MEDIA

215 5TH STREET
CULUMET,MI49913
    OPERATIONS 5,000

SAGA HUMANE SOCIETY

SEASTAR STREET PO BOX 48
SAN PADRO   226-3266
BH
    OPERATIONS 10,000

SAGELAND COLLABORATIVE AKAWILD UTAH PROJECT

824 400 WEST SUITE B119
SALT LAKE CITY,UT84101
    OPERATIONS 10,000

SALUDA COMMUNITY LAND TRUST

PO BOX 732
SALUDA,NC28773
    OPERATIONS 10,000

SAVE THE SCENIC SANTA RITAS

8987 E TABQUE VERDE 309-157
TUCSON,AZ85749
    OPERATIONS 15,000

SEARCHNATIVE SEEDS

3584 E RIVER ROAD
TUCSON,AZ85718
    OPERATIONS 5,000

SHEPARD'S HOME

PO BOX 2011
MCCALL,ID83638
    OPERATIONS 10,000

SIMPLY CATS ADOPTION CENTER

2833 S VICTORY VIEW WAY
BOISE,ID83709
    OPERATIONS 5,000

SKY ISLAND ALLIANCE

PO BOX 41165
TUSCON,AZ85717
    OPERATIONS 4,000

SNOWDON WILDLIFE SANCTUARY

PO BOX 2004
MCCALL,ID83638
    OPERATIONS 44,500

SONORAN INSTITUTE

100 N STONE AVE STE 400
TUCSON,AZ85701
    OPERATIONS 5,000

SOUTHERN APPALACHIEN HIGHLANDS CONSERVANCY

372 MERRIMON AVE
ASHEVILLE,NC28801
    OPERATIONS 10,000

SPAY NEUTER IDAHO PETS INC

1077 S GARDEN PL
BOISE,ID837055846
    OPERATIONS 5,000

ST ANDREWS CLINIC

PO BOX 67
GREEN VALLEY,AZ85622
    OPERATIONS 5,000

THE FOOD TRUST

1617 JOHN F KENNEDY BLVDONE PENN
CENTER 900
PHILADELPHIA,PA19103
    OPERATIONS 5,000

THREE RIVERS LAND TRUST

204 EAST INNES STREET
SALISBURY,NC28144
    OPERATIONS 10,000

TRUE AND FAITHFUL PET RESCUE MISSION

1505 TAMIAMI STRAIL S
VENICE,FL34285
    OPERATIONS 4,500

UM CVM COLLEGE SCHOLARSHIP FUND

1365 GORTNER AVE 459
ST PAUL,MN55108
    OPERATIONS 15,000

UNION OF CONCERNED SCIENTISTS

TWO BRATTLE SQUARE
CAMBRIDGE,MA02138
    OPERATIONS 25,000

UNIQUE PLACES TO SAVE

PO BOX 1183
CHAPEL HILL,NC275141183
    OPERATIONS 10,000

UPSTATE FOREVER

507 PETTIGRU STREET
GREENVILLE,SC29601
    OPERATIONS 10,000

WESLEY LIFE MEALS ON WHEELS

944 18TH ST
DES MOINES,IA50314
    OPERATIONS 15,000

WEST VALLEY HUMANE SOCIETY

5801 GRAYE LANE
CALDWELL,ID83607
    OPERATIONS 5,000

WESTERN WATERSHED PROJECT

PO BOX 1770
HAILEY,ID83333
    OPERATIONS 25,000

WILD ARIZONA

PO BOX 40340
TUSCON,AZ85717
    OPERATIONS 4,000

WILDEARTH GUARDIANS

301 N GUADALUPE ST 201
SANTA FE,NM87501
    OPERATIONS 20,000

WOLF RIDGE ENVIRONMENTAL LEARNING CENTER

6282 CRANBERRY ROAD
FINLAND,MN556039700
    OPERATIONS 3,000

WORLD FOOD PROGRAM

1725 I STREET SUITE 510
WASHINGTON,DC20006
    OPERATIONS 24,000
Total .................................right arrow 3a 1,597,000
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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
         
4 Dividends and interest from securities ....     14 754,555  
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 83,371  
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) .. 0 837,926 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
837,926
(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


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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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 
Employer identification number

41-1680986
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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 
Employer identification number
41-1680986
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
ESTATE OF STEVEN LEUTHOLD
 
234 DATE AVENUE
 
CARLSBAD, CA92008

$ 4,154,485


(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.)
(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.)
(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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 
Employer identification number

41-1680986
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
STEVEN C LEUTHOLD FAMILY FOUNDATION
 
Employer identification number

41-1680986
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:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 18,585 18,585   0

TY 2023 AllOthProgRltdInvestmentsSch
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category Amount
N/A 0

TY 2023 InvestmentsOtherSchedule2
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
EQUITY/MUTUAL FUNDS AT COST 29,006,792 31,484,876

TY 2023 LegalFeesSchedule
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 5,926 5,926   0


TY 2023 OtherExpensesSchedule
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 2,142 2,142   0
TELEPHONE EXPENSE 1,333 1,333   0
MISCELLANEOUS 10,481 10,481   0


TY 2023 OtherIncreasesSchedule
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Description Amount
PRIOR PERIOD ADJUSTMENT 95,071


TY 2023 OtherProfessionalFeesSchedule
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 50,000 50,000   0


TY 2023 TaxesSchedule
Name:
STEVEN C LEUTHOLD FAMILY FOUNDATION
EIN:
41-1680986
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME TAXES 46,000 0   0
FOREIGN TAXES 14,630 14,630   0