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
NORTHWEST AREA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)60 PLATO BOULEVARD EAST 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN55107
A Employer identification number

41-0719221
B Telephone number (see instructions)

(651) 224-9635
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$528,546,911J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 8,417,535 14,216,717  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,172,691
b Gross sales price for all assets on line 6a 236,789,744
7 Capital gain net income (from Part IV, line 2)... 10,509,951
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)....... Click to see attachment
List of Attached Documents:
// Content
276,019 17,639,875  
12 Total. Add lines 1 through 11........ 18,866,245 42,366,543  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,046,146 93,662   952,484
14 Other employee salaries and wages...... 2,327,625 108,640   2,173,655
15 Pension plans, employee benefits....... 985,263 58,010   926,578
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
82,134 27,619   53,561
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
97,155 31,063   66,092
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,718,671 993,260   533,624
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,477,447 359,582   0
19 Depreciation (attach schedule) and depletion... 122,634 0  
20 Occupancy.............. 350,743 0   398,232
21 Travel, conferences, and meetings....... 209,378 10,959   188,637
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
657,454 4,343,629   514,855
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,074,650 6,026,424   5,807,718
25 Contributions, gifts, grants paid....... 15,885,501 17,292,497
26 Total expenses and disbursements. Add lines 24 and 25 28,960,151 6,026,424   23,100,215
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -10,093,906
b Net investment income (if negative, enter -0-) 36,340,119
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......... 5,766,617 9,433,822 9,433,822
3 Accounts receivable right arrow63
Less: allowance for doubtful accounts right arrow     63 63
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.......... 33,566 123,449 123,449
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
8,311,656 		8,311,656
b Investments—corporate stock (attach schedule)....... 297,687,360 Click to see attachment
List of Attached Documents:
// Content
331,737,131 		331,737,131
c Investments—corporate bonds (attach schedule)....... 94,845,967 Click to see attachment
List of Attached Documents:
// Content
91,154,425 		91,154,425
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).......... 73,509,586 Click to see attachment
List of Attached Documents:
// Content
73,368,366 		73,368,366
14 Land, buildings, and equipment: basis right arrow2,142,111
Less: accumulated depreciation (attach schedule) right arrow166,133 199,964 Click to see attachment
List of Attached Documents:
// Content
1,975,978 		1,975,978
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
12,089,083 		Click to see attachment
List of Attached Documents:
// Content
12,442,021 		Click to see attachment
List of Attached Documents:
// Content
12,442,021
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 484,132,143 528,546,911 528,546,911
Liabilities 17 Accounts payable and accrued expenses.......... 463,796 545,176
18 Grants payable................. 7,545,000 5,230,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,533,778 		Click to see attachment
List of Attached Documents:
// Content
3,438,626
23 Total liabilities (add lines 17 through 22)......... 9,542,574 9,213,802
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........... 464,265,275 509,008,815
25 Net assets with donor restrictions............ 10,324,294 10,324,294
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)..... 474,589,569 519,333,109
30 Total liabilities and net assets/fund balances (see instructions). 484,132,143 528,546,911
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
474,589,569
2
Enter amount from Part I, line 27a .....................
2
-10,093,906
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
54,837,446
4
Add lines 1, 2, and 3 ..........................
4
519,333,109
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
519,333,109
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 XPONANCE      
b MONEY MARKET      
c GLOBAL FIXED INCOME      
d TIPS      
e DIVERSIFYING STRATEGIES      
DEVELOPED INTERNATIONAL EQUITY      
LARGE AND MID CAP EQUITY      
GLOBAL EQUITY      
CREDIT      
EMERGING MARKET EQUITY      
FULLER AND THALER      
PARAMETRIC      
PRIVATE EQUITY      
PRIVATE REAL ASSETS      
GLOBAL CREDIT      
CAPITAL GAINS FROM PARTNERSHIP K-1'S      
(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 16,723,317   16,688,311 35,006
b 57,328,854   57,328,854 0
c 4,000,005   4,630,086 -630,081
d 2,534   2,755 -221
e 22,984,684   20,833,845 2,150,839
2,349,212   1,785,846 563,366
69,008,175   62,128,513 6,879,662
21,001,184   20,789,025 212,159
7,539,073   6,918,425 620,648
190,183   115,851 74,332
13,057,506   13,203,395 -145,889
8,984,886   8,028,655 956,231
6,219,972   5,149,417 1,070,555
6,864,185   8,471,925 -1,607,740
535,974   542,150 -6,176
      337,260
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       35,006
b       0
c       -630,081
d       -221
e       2,150,839
      563,366
      6,879,662
      212,159
      620,648
      74,332
      -145,889
      956,231
      1,070,555
      -1,607,740
      -6,176
      337,260
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 10,509,951
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) 1 505,128
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........................... 3 505,128
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- ..... 5 505,128
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,066,081
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 1,066,081
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 560,953
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow560,953 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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowWWW.NWAF.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (651) 224-9635

Located atright arrow60 PLATO BOULEVARD EAST 400ST PAULMN ZIP+4right arrow55107
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
LAURA ALVAREZ SCHRAG DIRECTOR
3.00 		16,150 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
LYNDA BOURQUE MOSS DIRECTOR
0.10 		1,450 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
ELISABETH BUCK DIRECTOR
3.00 		21,700 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
CHERIE BUCKNER-WEBB DIRECTOR
0.10 		1,725 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
JUEL BURNETTE DIRECTOR
3.00 		18,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
DUANE CARTER DIRECTOR
3.00 		30,300 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
WAYNE DUCHENEAUX DIRECTOR
3.00 		16,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
JOE ELTOBGI DIRECTOR
3.00 		18,200 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
LIBBY HLAVKA DIRECTOR
3.00 		21,425 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
JOYCE LEE DIRECTOR
3.00 		24,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
SALOME MWANGI DIRECTOR
3.00 		14,950 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
MICHELLE OSBORNE DIRECTOR
3.00 		22,025 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
GEORGINA SLADE DIRECTOR
3.00 		18,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
LARRY SNYDER DIRECTOR
0.10 		850 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
MARIA VALANDRA DIRECTOR
3.00 		18,200 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
JENNIFER WILLIAMS DIRECTOR
3.00 		17,600 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
ANGELA GORDER NON-DIRECTOR COMMITTEE MEMBER
1.00 		0 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
REBECCA KLEVAN NON-DIRECTOR COMMITTEE MEMBER
1.00 		2,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
MELISSA PELLAND NON-DIRECTOR COMMITTEE MEMBER
1.00 		0 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
KASHI YOSHIKAWA NON-DIRECTOR COMMITTEE MEMBER
1.00 		2,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
KEVIN WALKER PRESIDENT/SECRETARY
40.00 		528,750 76,675 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
RAMYA RAUF VP-FINANCE & ADMIN/CFO
40.00 		249,621 60,061 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BLVD E 400
ST PAUL,MN55107
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
KARLA MILLER PROGRAM DIRECTOR
40.00 		208,447 58,098 0
60 PLATO BLVD E 400
ST PAUL,MN55107
KAREN APPELBAUM DIRECTOR OF OPERATIO
40.00 		174,757 53,378 0
60 PLATO BLVD E 400
ST PAUL,MN55107
PAUL BACHLEITNER COMMUNICATIONS DIREC
40.00 		177,746 41,958 0
60 PLATO BLVD E 400
ST PAUL,MN55107
MATT STOWELL CONTROLLER
40.00 		158,209 45,964 0
60 PLATO BLVD E 400
ST PAUL,MN55107
CHRISTIANNE LIND PROGRAM OFFICER
40.00 		145,906 21,794 0
60 PLATO BLVD E 400
ST PAUL,MN55107
Total number of other employees paid over $50,000...................right arrow 14
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
NEPC LLC INVESTMENT CONSULTING 452,769
255 STATE STREET
BOSTON,MA02109
LOCUS ARCHITECTURE LTD CONSULTING SERVICES 133,196
4453 NICOLLET AVENUE
MINNEAPOLIS,MN55419
CLIFTONLARSONALLEN LLP AUDIT AND TAX SERVICES 100,935
220 SOUTH SIXTH ST STE 300
MINNEAPOLIS,MN55402
DESNICK & NELSON INC DBA EVOLOGY CONSULTING SERVICES 99,148
36 SHERIDAN AVE S
MINNEAPOLIS,MN55405
FAEGRE DRINKER BIDDLE & REATH LLP LEGAL SERVICES 93,317
NW 6139
MINNEAPOLIS,MN55485
Total number of others receiving over $50,000 for professional services.............right arrow2
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 ESTABLISHED IN 1934, THE NORTHWEST AREA FOUNDATION SUPPORTS ORGANIZATIONS THAT WORK WITH COMMUNITIES TO ADVANCE JUSTICE IN ITS REGION OF EIGHT STATES AND 76 NATIVE NATIONS. GRANTEE ORGANIZATIONS ADVANCE LONG-OVERDUE CHANGE IN DEEP CONNECTION WITH THE LAND THEY INHABIT AND COMMUNITIES THEY SERVE - NATIVE AMERICANS, COMMUNITIES OF COLOR, IMMIGRANTS, REFUGEES, AND PEOPLE IN RURAL AREAS.THE FOUNDATION PROVIDES FUNDING TO GRANTEE ORGANIZATIONS, BUT ALSO CONNECTIONS TO OTHER FUNDERS, INFORMATION, AND FELLOW LEADERS. THE FOUNDATION FOLLOWS THE LEAD OF GRANTEE ORGANIZATIONS TO CHANGE POLICIES, PRACTICES, AND BELIEFS AND HEAL FROM INJUSTICE SO THAT COMMUNITIES CAN THRIVE ON THEIR OWN TERMS. 2,820,409
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 AKIPTAN - ACCESS TO FINANCING FOR NATIVE AMERICANS IN AGRICULTURE 1,000,000
2 BUILD WEALTH MN - ACCESS TO AFFORDABLE FIRST MORTGAGES FOR HOUSEHOLDS WITHIN UNDERSERVED COMMUNITIES OF COLOR 600,000
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
1,250,000
Total. Add lines 1 through 3.........................right arrow2,850,000
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
489,138,268
b
Average of monthly cash balances.......................
1b
-5,363
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
489,132,905
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
489,132,905
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,336,994
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
481,795,911
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
24,089,796
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
24,089,796
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
505,128
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
219,337
c
Add lines 2a and 2b............................
2c
724,465
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
23,365,331
4
Recoveries of amounts treated as qualifying distributions................
4
2,014,441
5
Add lines 3 and 4............................
5
25,379,772
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
25,379,772
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
23,100,215
b
Program-related investments—total from Part VIII-B..................
1b
2,850,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
1,389,406
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
27,339,621
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 25,379,772
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...... 277,326
b From 2019...... 4,397,880
c From 2020...... 4,826,939
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 9,502,145
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 27,339,621
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..... 25,379,772
e Remaining amount distributed out of corpus 1,959,849
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 11,461,994
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) ... 		277,326
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		11,184,668
10 Analysis of line 9:
a Excess from 2019.... 4,397,880
b Excess from 2020.... 4,826,939
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 1,959,849
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

247 BLAC

1215 AMELIA DRIVE 3
CEDAR FALLS,IA50613 		N/A PC GENERAL OPERATING SUPPORT 50,000

AFFILIATED TRIBES OF NORTHWEST INDIANS - ECONOMIC DEVELOPMENT CORP

9836 EAST BURNSIDE STREET
PORTLAND,OR97216 		N/A PC SPONSORSHIP 175,000

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

1821 UNIVERSITY AVENUE WEST SUITE
S-145
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 125,000

AKIPTAN

408 SOUTH MAIN STREET SUITE E
EAGLE BUTTE,SD57625 		N/A PC GENERAL OPERATING SUPPORT 125,000

APANO COMMUNITIES UNITED FUND

8188 SE DIVISION STREET
PORTLAND,OR97206 		N/A PC GENERAL OPERATING SUPPORT 175,000

APPETITE FOR CHANGE INC

2520 NORTH 2ND STREET
MINNEAPOLIS,MN55411 		N/A PC GENERAL OPERATING SUPPORT 150,000

ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY

300 FRANK H OGAWA PLAZA SUITE 256
OAKLAND,CA94612 		N/A PC GENERAL OPERATING SUPPORT 5,000

ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC

55 EXCHANGE PLACE 4TH FLOOR
NEW YORK,NY10005 		N/A PC GENERAL OPERATING SUPPORT 5,000

AWOOD CENTER

1730 NEW BRIGHTON BOULEVARD SUITE
104 - 120
MINNEAPOLIS,MN55413 		N/A PC GENERAL OPERATING SUPPORT 75,000

BLACK HILLS COMMUNITY LOAN FUND INC

1764 CENTRE STREET SUITE 1
RAPID CITY,SD57703 		N/A PC GENERAL OPERATING SUPPORT 150,000

BOARDSOURCE

750 9TH STREET NW SUITE 650
WASHINGTON,DC200014793 		N/A PC GENERAL OPERATING SUPPORT 10,000

BUILD WEALTH MN INC

2100 PLYMOUTH AVENUE NORTH SUITE
104
MINNEAPOLIS,MN55411 		N/A PC GENERAL OPERATING SUPPORT 500,000

BYRD BARR PLACE

722 18TH AVENUE
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT 250,000

CAPACES LEADERSHIP INSTITUTE

356 YOUNG STREET
WOODBURN,OR97071 		N/A PC GENERAL OPERATING SUPPORT 150,000

CENTER FOR AMERICAN INDIAN RESEARCH AND NATIVE STUDIES

PO BOX 448
MARTIN,SD57551 		N/A PC FISCAL SPONSOR FOR UNCEDED FILM'S EDUCATIONAL OUTREACH SUPPORT 50,000

CENTER FOR ECONOMIC INCLUSION

1015 NORTH 4TH AVENUE SUITE 202
MINNEAPOLIS,MN55405 		N/A PC SPONSORSHIP 10,000

CENTER FOR WORKER JUSTICE OF EASTERN IOWA

1556 SOUTH 1ST AVENUE SUITE C
IOWA CITY,IA52240 		N/A PC GENERAL OPERATING SUPPORT 100,000

CENTRO LATINO OF IOWA

300 WEST BROADWAY SUITE 40
COUNCIL BLUFFS,IA51503 		N/A PC GENERAL OPERATING SUPPORT 75,000

CHEYENNE RIVER YOUTH PROJECT

PO BOX 410 EAST LINCOLN STREET
EAGLE BUTTE,SD57625 		N/A PC YOUTH WORKFORCE TRAINING PROGRAM 250,000

COMMON COUNSEL FOUNDATION

1624 FRANKLIN STREET SUITE 1022
OAKLAND,CA94612 		N/A SO GENERAL OPERATING SUPPORT 250,000

COMMUNITY LENDINGWORKS

212 MAIN STREET
SPRINGFIELD,OR97477 		N/A SO GENERAL OPERATING SUPPORT 100,000

COUNCIL ON FOUNDATIONS INC

1255 23RD STREET NW SUITE 200
WASHINGTON,DC20037 		N/A PC GENERAL OPERATING SUPPORT 19,000

CULTURAL WELLNESS CENTER

2025 PORTLAND AVENUE SOUTH
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING SUPPORT 170,000

DREAM OF WILD HEALTH

1308 EAST FRANKLIN AVENUE SUITE 203
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING SUPPORT 100,000

ECOTRUST

721 NW 9TH AVENUE SUITE 200
PORTLAND,OR97209 		N/A PC GREEN WORKFORCE ACADEMY 250,000

EMPOWERMT

2300 REGENT STREET 101
MISSOULA,MT59801 		N/A PC 2023 EMPLOYEE DISCRETIONARY GRANT 2,500

ESHARA

PO BOX 3968
ST PAUL,MN55101 		N/A PC ESHARA COLLABORATIVE CAPACITY BUILDING 175,000

FAST BLACKFEET

PO BOX 2460
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 175,000

FATHERS RISE TOGETHER

201 E 1ST ST STE 3-4
DULUTH,MN55802 		N/A PC SPONSORSHIP 1,000

FIRST CHILDREN'S FINANCE

111 THIRD AVENUE SOUTH SUITE 220
MINNEAPOLIS,MN55401 		N/A PC GENERAL OPERATING SUPPORT 50,000

FIRST NATIONS DEVELOPMENT INSTITUTE

2432 MAIN STREET 2ND FLOOR
LONGMONT,CO80501 		N/A PC CHANGING NATIVE FOOD ECONOMIES: 2022-2024 250,000

FIRST PEOPLES FUND

706 WEST BOULEVARD
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT 300,000

FOUNDATION FINANCIAL OFFICERS GROUP

19 MANTUA ROAD
MOUNT ROYAL,NJ08061 		N/A PC 2023 VICE PRESIDENT DISCRETIONARY GRANT 3,000

FOUR BANDS COMMUNITY FUND INC

PO BOX 932
EAGLE BUTTE,SD57625 		N/A PC GENERAL OPERATING SUPPORT 165,000

FRIENDS OF BARBARA SCHNEIDER FOUNDATION

2419 NICOLLET AVE S
MINNEAPOLIS,MN55404 		N/A PC MNI KI WAKAN (WATER IS SACRED): WORLD INDIGENOUS PEOPLES DECADE OF WATER 60,000

FRONT AND CENTERED

1501 EAST MADISON STREET SUITE 250
SEATTLE,WA98122 		N/A PC FISCAL SPONSOR FOR PEOPLE'S ECONOMY LAB 175,000

FUNDERS FOR LESBIAN AND GAY ISSUES

45 WEST 36TH STREET 8TH FLOOR
NEW YORK,NY10018 		N/A PC GENERAL OPERATING SUPPORT 10,000

FUNDERS FOR LESBIAN AND GAY ISSUES

45 WEST 36TH STREET 8TH FLOOR
NEW YORK,NY10018 		N/A PC SPONSORSHIP 5,000

FUNDERS TOGETHER TO END HOMELESSNESS INC

89 SOUTH STREET SUITE 603
BOSTON,MA02111 		N/A PC FISCAL SPONSOR FOR WORKFORCE MATTER'S WORKFORCE GRANTMAKING IN NATIVE NATIONS AND COMMUNITIES (WGNNC) 260,000

GLOBAL TO LOCAL HEALTH INITIATIVE

2800 SOUTH 192ND STREET SUITE 104
SEATAC,WA98188 		N/A PC GENERAL OPERATING SUPPORT 150,000

GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES

PO BOX 1100
SEBASTOPOL,CA95473 		N/A PC GENERAL OPERATING SUPPORT 7,500

GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS

1310 L STREET NW SUITE 650
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 8,500

GRANTMAKERS OF OREGON AND S W WASHINGTON

921 SW WASHINGTON STREET SUITE 316
PORTLAND,OR97205 		N/A PC GENERAL OPERATING SUPPORT 3,620

HE SAPA OTIPI - INCORPORATED

2218 JACKSON BOULEVARD SUITE 8
RAPID CITY,SD57702 		N/A PC GENERAL OPERATING SUPPORT 125,000

HISPANICS IN PHILANTHROPY

414 13TH STREET SUITE 200
OAKLAND,CA94612 		N/A PC SPONSORSHIP 10,000

HISPANICS IN PHILANTHROPY

414 13TH STREET SUITE 200
OAKLAND,CA94612 		N/A PC GENERAL OPERATING SUPPORT 5,000

HOPA MOUNTAIN INC

234 EAST BABCOCK STREET SUITE E
BOZEMAN,MT59715 		N/A PC STRENGTHENING THE CIRCLE: A NATIVE NONPROFIT LEADERSHIP PROGRAM 50,000

HUMAN FAMILY INC

417 MAIN AVENUE SUITE 401
FARGO,ND58104 		N/A PC FISCAL SPONSOR FOR THE INDIGENOUS ASSOCIATION'S INDIGENOUS YOUTH COMMUNITY LEADERSHIP PROGRAM 50,000

IDAHO BLACK COMMUNITY ALLIANCE INC

8377 WEST MORNIN MIST COURT
BOISE,ID83709 		N/A PC SPONSORSHIP 50,000

IDAHO COALITION AGAINST SEXUAL AND DOMESTIC VIOLENCE INC

1402 WEST GROVE STREET
BOISE,ID83702 		N/A PC FISCAL SPONSOR FOR BLACK LIBERATION COLLECTIVE 175,000

IMMIGRANT DEVELOPMENT CENTER

810 4TH AVENUE SOUTH SUITE 100
MOORHEAD,MN56560 		N/A PC GENERAL OPERATING SUPPORT - RENEWAL SUPPORT FOR INTERNATIONAL MARKET PLAZA 125,000

INDEPENDENT SECTOR

1602 L STREET NORTHWEST SUITE 900
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 12,500

INDIGENOUS MEDIA FREEDOM ALLIANCE

835 BIA ROUTE 20
HALLIDAY,ND586360055 		N/A PC 2023 EMPLOYEE DISCRETIONARY GRANT 6,000

INQUILINXS UNIDXS POR JUSTICIA-UNITED RENTERS FOR JUSTICE

3715 CHICAGO AVENUE
MINNEAPOLIS,MN55407 		N/A PC GENERAL OPERATING SUPPORT 125,000

INTERIM COMMUNITY DEVELOPMENT ASSOCIATION

310 MAYNARD AVENUE SOUTH
SEATTLE,WA98104 		N/A PC OUTREACH, SURVEYING AND ADVOCACY AMONG IMMIGRANT AND REFUGEE RESIDENTS IN IMMIGRANT AND REFUGEE COMMUNITIES 50,000

IOWA COUNCIL OF FOUNDATIONS

6919 VISTA DRIVE
WEST DES MOINES,IA502669309 		N/A PC GENERAL OPERATING SUPPORT 450

JANNUS INC

1607 WEST JEFFERSON STREET
BOISE,ID837025111 		N/A PC GENERAL OPERATING SUPPORT 3,000

LAKOTA FUND

PO BOX 340
KYLE,SD57752 		N/A PC FISCAL SPONSOR FOR SOUTH DAKOTA NATIVE HOMEOWNERSHIP COALITION: CREATING A CLEAR PATH TO HOMEOWNERSHIP 75,000

LAKOTA FUND

PO BOX 340
KYLE,SD57752 		N/A PC GENERAL OPERATING SUPPORT 100,000

LAKOTA YOUTH DEVELOPMENT

PO BOX 277
HERRICK,SD575380277 		N/A PC BLOOMING HONEY LODGE 50,000

LATINO COMMUNITY FUND OF WASHINGTON STATE

PO BOX 30669
SEATTLE,WA98520 		N/A PC FISCAL SPONSOR FOR FIRELANDS WORKERS UNITED / TRABAJADORES UNIDOS 60,000

LATINO ECONOMIC DEVELOPMENT CENTER

804 MARGARET STREET
ST PAUL,MN55106 		N/A PC GENERAL OPERATING SUPPORT 100,000

LAVENDER RIGHTS PROJECT

911 EAST PIKE STREET 314
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT 175,000

LEECH LAKE FINANCIAL SERVICES

113 SPRUCE AVENUE NORTH
CASS LAKE,MN56633 		N/A PC GENERAL OPERATING SUPPORT 100,000

LOWER PHALEN CREEK PROJECT

332 MINNESOTA STREET SUITE W1520
ST PAUL,MN55101 		N/A PC GENERAL OPERATING SUPPORT 200,000

LUMMI COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION

PO BOX 1947
FERNDALE,WA98248 		N/A PC GENERAL OPERATING SUPPORT 150,000

MAHCHIWMINAHNAHTIK CHIPPEWA AND CREE LANGUAGE REVITALIZATION

PO BOX 174
BOX ELDER,MT59521 		N/A PC GENERAL OPERATING SUPPORT 175,000

MAKOCE AGRICULTURE DEVELOPMENT

PO BOX 163
PORCUPINE,SD57772 		N/A PC GENERAL OPERATING SUPPORT 125,000

MAZASKA OWECASO OTIPI FINANCIAL INC

PO BOX 1996
PINE RIDGE,SD57770 		N/A PC GENERAL OPERATING SUPPORT 150,000

MINNESOTA COUNCIL ON FOUNDATIONS

800 WASHINGTON AVENUE NORTH SUITE
703
MINNEAPOLIS,MN554011167 		N/A PC GENERAL OPERATING SUPPORT 25,475

MINNESOTA MUSEUM OF AMERICAN ART

350 ROBERT STREET NORTH
ST PAUL,MN55101 		N/A PC GENERAL OPERATING SUPPORT 25,000

MISSION INVESTORS EXCHANGE

105 W 86TH STREET 358
NEW YORK,NY10024 		N/A PC GENERAL OPERATING SUPPORT 15,000

MN8

550 RICE STREET 2ND FLOOR
ST PAUL,MN55103 		N/A PC GENERAL OPERATING SUPPORT 100,000

MNI SOTA FUND

1300 LAGOON AVE 4TH FLOOR
MINNEAPOLIS,MN55408 		N/A PC GENERAL OPERATING SUPPORT 100,000

MNI WICONI HEALTH CLINIC

3904 LILLIAN COURT SE
MANDAN,ND58554 		N/A PC GENERAL OPERATING SUPPORT 100,000

MONTANA HUMAN RIGHTS NETWORK

PO BOX 1509
HELENA,MT59624 		N/A PC 2023 EMPLOYEE DISCRETIONARY GRANT 2,500

MONTANA TWO SPIRIT SOCIETY

PO BOX 7514
MISSOULA,MT59807 		N/A PC GENERAL OPERATING SUPPORT 75,000

NACDC FINANCIAL SERVICES INC

PO BOX 3029
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 150,000

NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY

1900 L STREET NW SUITE 825
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING SUPPORT 7,500

NATIONAL CONGRESS OF AMERICAN INDIANS FUND

1516 P STREET NORTHWEST
WASHINGTON,DC20005 		N/A PC NCAI SUSTAINABLE PROSPERITY INITIATIVE: TRIBAL NATIONS SECURING OUR FUTURES 125,000

NATIVE AMERICAN COMMUNITY BOARD

PO BOX 572
LAKE ANDES,SD57356 		N/A PC GENERAL OPERATING SUPPORT 175,000

NATIVE AMERICAN DEVELOPMENT CENTER

2403 E THAYER AVENUE
BISMARCK,ND58501 		N/A PC NATIVE AMERICAN FINANCE EQUITY PROJECT IN NORTH DAKOTA 125,000

NATIVE AMERICAN YOUTH AND FAMILY CENTER

5135 NE COLUMBIA BOULEVARD
PORTLAND,OR97218 		N/A PC GENERAL OPERATING SUPPORT 350,000

NATIVE AMERICANS IN PHILANTHROPY

1000 ALAMEDA STREET SUITE 116
LOS ANGELES,CA90012 		N/A PC GENERAL OPERATING SUPPORT 7,500

NATIVE CDFI NETWORK INC

122 C STREET NW
WASHINGTON DC,DC20001 		N/A PC GENERAL OPERATING SUPPORT 250,000

NATIVE WAYS FEDERATION INC

101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101 		N/A PC SUPPORT FOR NATIVE WAYS STRATEGIC PLANNING AND IN PERSON COMMUNITY ENGAGEMENT 50,000

NATIVE360 LOAN FUND INC

211 WEST 3RD STREET
GRAND ISLAND,NE68801 		N/A PC GENERAL OPERATING SUPPORT 125,000

NDN FUND

408 KNOLLWOOD DRIVE
RAPID CITY,SD57701 		N/A PC NDN FUND GENERAL OPERATING GRANT FOR LENDING AND INVESTING 250,000

NEIGHBORHOOD DEVELOPMENT CENTER INC

663 UNIVERSITY AVENUE WEST SUITE
200
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 100,000

NEIGHBORHOOD FUNDERS GROUP

436 14TH STREET SUITE 425
OAKLAND,CA94610 		N/A PC GENERAL OPERATING SUPPORT 10,000

NEW VENTURE FUND

1201 CONNECTICUT AVENUE NW SUITE
300
WASHINGTON,DC20036 		N/A PC FISCAL SPONSOR FOR AAPI CIVIC ENGAGEMENT FUND 750,000

NEXUS COMMUNITY PARTNERS

2314 UNIVERSITY AVENUE WEST SUITE
18
ST PAUL,MN55114 		N/A PC GENERAL OPERATING SUPPORT 250,000

NIMIIPUU COMMUNITY DEVELOPMENT FUND

99 AGENCY ROAD
LAPWAI,ID83540 		N/A PC GENERAL OPERATING SUPPORT 100,000

NIMIIPUU PROTECTING THE ENVIRONMENT

1820 NW ARCADIA DRIVE
PULLMAN,WA99163 		N/A PC 2023 EMPLOYEE DISCRETIONARY GRANT 3,000

NIMIIPUU PROTECTING THE ENVIRONMENT

1820 NW ARCADIA DRIVE
PULLMAN,WA99163 		N/A PC GENERAL OPERATING SUPPORT 50,000

NIXYAWII COMMUNITY FINANCIAL SERVICES

46440 KUSI ROAD A-3
PENDLETON,OR97801 		N/A PC GENERAL OPERATING SUPPORT 100,000

NONPROFIT INFORMATION NETWORKING ASSOCIATION

88 BROAD STREET 1ST FLOOR SUITE 101
BOSTON,MA02110 		N/A PC NONPROFIT QUARTERLY ECONOMIC JUSTICE INITIATIVE 50,000

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK

1007 WEST BROADWAY AVENUE NORTH
MINNEAPOLIS,MN55411 		N/A PC GENERAL OPERATING SUPPORT 250,000

NORTHWEST INDIAN COMMUNITY DEVELOPMENT CENTER

1819 BEMIDJI AVENUE NORTH
BEMIDJI,MN56601 		N/A PC GENERAL OPERATING SUPPORT 200,000

NWAF BOARD-DIRECTED GRANTS PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC NWAF BOARD-DIRECTED GRANTS PROGRAM 1,000

NWAF EMPLOYEE MATCHING GRANT PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC NWAF EMPLOYEE MATCHING GRANT PROGRAM 9,997

NWAF EMPLOYEE RECOGNITION GRANT PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC NWAF EMPLOYEE RECOGNITION GRANT PROGRAM 100

NWAF EMPLOYEE VOLUNTEER MATCHING PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC NWAF EMPLOYEE VOLUNTEER MATCHING PROGRAM 3,750

ONE IOWA

PO BOX 1419
DES MOINES,IA50305 		N/A PC 2023 EMPLOYEE DISCRETIONARY GRANT 5,000

ONEAMERICA

1225 SOUTH WELLER STREET SUITE 430
SEATTLE,WA98144 		N/A PC GENERAL OPERATING SUPPORT 250,000

ONEVILLAGE PARTNERS

PO BOX 26055
MINNEAPOLIS,MN55426 		N/A PC 2023 VICE PRESIDENTIAL GRANT 2,000

OPPORTUNITY LINK

PO BOX 80
HAVRE,MT59501 		N/A PC GENERAL OPERATING SUPPORT 200,000

OWEESTA CORPORATION

2432 MAIN STREET 1ST FLOOR
LONGMONT,CO80501 		N/A PC GENERAL OPERATING SUPPORT 250,000

PEAK GRANTMAKING INC

1701 PENNSYLVANIA AVENUE NW SUITE
200
WASHINGTON,DC20006 		N/A PC GENERAL OPERATING SUPPORT 2,250

PHILANTHROFUND FOUNDATION

PO BOX 3640
MINNEAPOLIS,MN55403 		N/A PC PRISM GRANT FUNDS AND ALLIANCE COHORT 400,000

PHILANTHROFUND FOUNDATION

PO BOX 3640
MINNEAPOLIS,MN55403 		N/A PC SUPPORTING TRANS YOUTH 25,000

PHILANTHROPY NORTHWEST

600 UNIVERSITY STREET SUITE 1725
SEATTLE,WA98101 		N/A GOV GENERAL OPERATING SUPPORT 24,905

PHILANTHROPY NORTHWEST

600 UNIVERSITY STREET SUITE 1725
SEATTLE,WA98101 		N/A GOV PHILANTHROPY NORTHWEST - CATALYST PARTNER 2,500

PLENTY DOORS COMMUNITY DEVELOPMENT CORPORATION

22 EAST MAKAWASHA AVENUE
CROW AGENCY,MT59022 		N/A PC GENERAL OPERATING SUPPORT 150,000

PRIDE FOUNDATION

2014 E MADISON STREET SUITE 300
SEATTLE,WA98122 		N/A PC SUPPORTING BIPOC LGBTQ+ AND RURAL LGBTQ+ ORGANIZATIONS IN THE NORTHWEST 400,000

RENEWING THE COUNTRYSIDE II

312 CENTER STREET EAST
HAMMOND,MN55991 		N/A PC INNOVATIVE STRATEGIES FOR FARMLAND ACCESS FOR UNDERSERVED FARMERS 50,000

RONDO COMMUNITY LAND TRUST

1041 SELBY AVENUE
ST PAUL,MN55104 		N/A PC SHIFTING THE PARADIGM OF COMMUNITY DEVELOPMENT THROUGH A REPARATIVE FRAMEWORK 250,000

RURAL COMMUNITY DEVELOPMENT RESOURCES

24 SOUTH 3RD AVENUE
YAKIMA,WA98902 		N/A PC GENERAL OPERATING SUPPORT 250,000

RURAL ORGANIZING PROJECT

PO BOX 664
COTTAGE GROVE,OR97424 		N/A GOV GENERAL OPERATING SUPPORT 100,000

SHARING OUR ROOTS

4905 315TH STREET WEST
NORTHFIELD,MN55057 		N/A PC LAND JUSTICE FOR EMERGING AND IMMIGRANT FARMERS IN RURAL MINNESOTA 100,000

SOCIAL JUSTICE FUND NORTHWEST

1904 THIRD AVENUE SUITE 806
SEATTLE,WA98101 		N/A PC RESOURCING & RESTORING MOVEMENT WORK 250,000

SOUTH DAKOTA EDUCATION EQUITY COALITION

201 MAIN STREET SUITE 204
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT 250,000

SOUTH DAKOTA VOICES FOR PEACE

PO BOX 600
SIOUX FALLS,SD57101 		N/A PC GENERAL OPERATING SUPPORT 50,000

SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS

133 EAST DE LA GUERRA 306
SANTA BARBARA,CA93101 		N/A PC 2023 MEMBERSHIP DUES 2,500

TAALA FUND

PO BOX 702
TAHOLAH,WA98587 		N/A PC GENERAL OPERATING SUPPORT 150,000

TACOMA URBAN LEAGUE

2550 SOUTH YAKIMA AVENUE SUITE A
TACOMA,WA98405 		N/A PC GENERAL OPERATING SUPPORT 100,000

TANKA FUND

287 WATER TOWER ROAD
KYLE,SD57752 		N/A PC DEVELOPING INNOVATIVE APPROACHES TO IMPROVING THE LAND, LIVES, AND ECONOMIES OF NATIVE AMERICA 125,000

THE DIRECTORS COUNCIL

PO BOX 264
DES MOINES,IA50301 		N/A PC GENERAL OPERATING SUPPORT 275,000

THE LATINO COMMUNITY ASSOCIATION

2680 NE TWIN KNOLLS DRIVE SUITE 110
BEND,OR97701 		N/A PC GENERAL OPERATING SUPPORT 75,000

THE SAINT PAUL AND MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101 		N/A PC COLLEGEBOUND SAINT PAUL: WEALTH JUSTICE 100,000

THE SEATTLE FOUNDATION

1200 FIFTH AVENUE SUITE 1300
SEATTLE,WA981013151 		N/A PC EEF PRACTICE PARTNER 7,950

THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION

290 EMPOWERMENT DRIVE
PORCUPINE,SD57772 		N/A PC FOSTERING HEALING THROUGH LAKOTA LIFEWAYS TO PROMOTE A REIMAGINED REGENERATIVE ECONOMY 350,000

UJAMAA PLACE

1821 UNIVERSITY AVENUE SUITE N187
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 200,000

UNION GOSPEL MISSION ASSOCIATION OF ST PAUL

376 WESTERN AVENUE NORTH
ST PAUL,MN55103 		N/A PC 2023 VICE PRESIDENT GRANT 5,000

UNITED VISION FOR IDAHO

1912 WEST JEFFERSON
BOISE,ID83702 		N/A PC GENERAL OPERATING SUPPORT 250,000

UNITING RESILIENCE

1329 EGLIN STREET BOX 271
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT 100,000

VENN FOUNDATION

1900 BOHLAND AVENUE
ST PAUL,MN55116 		N/A PC 2023 VICE PRESIDENT GRANT 2,500

VENTURES

2100 24TH AVE SOUTH SUITE 380
SEATTLE,WA98144 		N/A PC GENERAL OPERATING SUPPORT 250,000

WARM SPRINGS COMMUNITY ACTION TEAM

PO BOX 1419
WARM SPRINGS,OR97761 		N/A PC GENERAL OPERATING SUPPORT 100,000

WESTERN NATIVE VOICE

80 25TH STREET WEST
BILLINGS,MT59102 		N/A PC GENERAL OPERATING SUPPORT 100,000

WHITE EARTH INVESTMENT INITIATIVE

PO BOX 38
OGEMA,MN565690038 		N/A PC GENERAL OPERATING SUPPORT 125,000

WHITESWAN ENVIRONMENTAL WE

2348 LUMMI VIEW DRIVE
BELLINGHAM,WA98226 		N/A PC GENERAL OPERATING SUPPORT 175,000

WORKING PARTNERSHIPS INCORPORATED

312 CENTRAL AVENUE SE SUITE 524
MINNEAPOLIS,MN55414 		N/A PC MN WORKERS CONFLUENCE FUND 225,000

YELLOW BIRD LIFE WAYS CENTER

PO BOX 1138
LAME DEER,MT59043 		N/A PC GENERAL OPERATING SUPPORT 250,000

YWCA USA

1400 EYE STREET NW SUITE 325
WASHINGTON,DC20005 		N/A PC 2023 VICE PRESIDENT GRANT 10,000
Total .................................right arrow 3a 17,292,497
bApproved for future payment

AKIPTAN
408 SOUTH MAIN STREET SUITE E
EAGLE BUTTE,SD57625 		N/A PC GENERAL OPERATING SUPPORT 125,000

APANO COMMUNITIES UNITED FUND
8188 SE DIVISION STREET
PORTLAND,OR97206 		N/A PC GENERAL OPERATING SUPPORT 75,000

AWOOD CENTER
1730 NEW BRIGHTON BLVD SUITE 104 -
120
MINNEAPOLIS,MN55413 		N/A PC GENERAL OPERATING SUPPORT 75,000

BLACK HILLS COMMUNITY LOAN FUND INC
1764 CENTRE STREET SUITE 1
RAPID CITY,SD57703 		N/A PC GENERAL OPERATING SUPPORT 150,000

BUILD WEALTH MN INC
2100 PLYMOUTH AVENUE NORTH SUITE
104
MINNEAPOLIS,MN55411 		N/A PC GENERAL OPERATING SUPPORT 400,000

CAPACES LEADERSHIP INSTITUTE
356 YOUNG STREET
WOODBURN,OR97071 		N/A PC GENERAL OPERATING SUPPORT 300,000

CULTURAL WELLNESS CENTER
2025 PORTLAND AVENUE SOUTH
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING SUPPORT 330,000

ESHARA
PO BOX 3968
SAINT PAUL,MN55101 		N/A PC ESHARA COLLABORATIVE CAPACITY BUILDING 75,000

FAST BLACKFEET
PO BOX 2460
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 75,000

HE SAPA OTIPI - INCORPORATED
2218 JACKSON BOULEVARD SUITE 8
RAPID CITY,SD57702 		N/A PC GENERAL OPERATING SUPPORT 125,000

HOPA MOUNTAIN INC
234 EAST BABCOCK STREET SUITE E
BOZEMAN,MT59715 		N/A PC STRENGTHENING THE CIRCLE: A NATIVE NONPROFIT LEADERSHIP PROGRAM 100,000

INQUILINXS UNIDXS POR JUSTICIA-UNITED RENTERS FOR JUSTICE
3715 CHICAGO AVENUE
MINNEAPOLIS,MN55407 		N/A PC GENERAL OPERATING SUPPORT 125,000

INTERIM COMMUNITY DEVELOPMENT ASSOCIATION
310 MAYNARD AVENUE SOUTH
SEATTLE,WA98104 		N/A PC OUTREACH, SURVEYING AND ADVOCACY AMONG IMMIGRANT AND REFUGEE RESIDENTS IN IMMIGRANT AND REFUGEE COMMUNITIES 50,000

LAKOTA FUND
PO BOX 340
KYLE,SD57752 		N/A PC GENERAL OPERATING SUPPORT 100,000

LAVENDER RIGHTS PROJECT
911 EAST PIKE STREET 314
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT 75,000

LOWER PHALEN CREEK PROJECT
332 MINNESOTA STREET SUITE W1520
SAINT PAUL,MN55101 		N/A PC GENERAL OPERATING SUPPORT 100,000

MAHCHIWMINAHNAHTIK CHIPPEWA AND CREE LANGUAGE REVITALIZATION
PO BOX 174
BOX ELDER,MT59521 		N/A PC GENERAL OPERATING SUPPORT 75,000

MAKOCE AGRICULTURE DEVELOPMENT
PO BOX 163
PORCUPINE,SD57772 		N/A PC GENERAL OPERATING SUPPORT 125,000

MAZASKA OWECASO OTIPI FINANCIAL INC
PO BOX 1996
PINE RIDGE,SD57770 		N/A PC GENERAL OPERATING SUPPORT 150,000

MN8
550 RICE STREET 2ND FLOOR
SAINT PAUL,MN55103 		N/A PC GENERAL OPERATING SUPPORT 100,000

NACDC FINANCIAL SERVICES INC
PO BOX 3029
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 150,000

NATIVE AMERICAN COMMUNITY BOARD
PO BOX 572
LAKE ANDES,SD57356 		N/A PC GENERAL OPERATING SUPPORT 75,000

NATIVE AMERICAN YOUTH AND FAMILY CENTER
5135 NE COLUMBIA BOULEVARD
PORTLAND,OR97218 		N/A PC GENERAL OPERATING SUPPORT 700,000

PLENTY DOORS COMMUNITY DEVELOPMENT CORPORATION
22 EAST MAKAWASHA AVENUE
CROW AGENCY,MT59022 		N/A PC GENERAL OPERATING SUPPORT 300,000

TAALA FUND
PO BOX 702
TAHOLAH,WA98587 		N/A PC GENERAL OPERATING SUPPORT 150,000

THE SAINT PAUL AND MINNESOTA FOUNDATION
101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		N/A PC COLLEGEBOUND SAINT PAUL: WEALTH JUSTICE 100,000

WHITESWAN ENVIRONMENTAL WE
2348 LUMMI VIEW DRIVE
BELLINGHAM,WA98226 		N/A PC GENERAL OPERATING SUPPORT 75,000
Total ................................. right arrow 3b 4,280,000
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
aPRI INTEREST         276,019
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 8,417,535  
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 10,172,691  
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 18,590,226 276,019
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,866,245
(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.)
1 PROGRAM-RELATED INVESTMENTS CONSIST OF DEBT AND EQUITY POSITIONS IN ORGANIZATIONS THAT CONDUCT ACTIVITIES THAT FULFILL THE CHARITABLE PURPOSES OF THE FOUNDATION.
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 AccountingFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 97,155 31,063   66,092

TY 2023 AllOthProgRltdInvestmentsSch
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount
FOUR BANDS COMMUNITY FUND - ACCESS TO FINANCING FOR NATIVE AMERICANS AFRICAN DEVELOPMENT CENTER - ACCESS TO FINANCING FOR AFRICAN IMMIGRANT ENTREPRENEURS ACROSS MINNESOTA AFRICAN ECOMONIC DEVELOPMENT SOLUTIONS - ACCESS TO FINANCING FOR AFRICAN IMMIGRANT BUSINESSES 1,250,000

TY 2023 InvestmentsCorpBondsSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Name of Bond End of Year Book Value End of Year Fair Market Value
AG DLI II, LP 2,186,680 2,186,680
AG DLI III, LP 2,802,119 2,802,119
AG DLI IV LP 6,044,788 6,044,788
AG DLI, LP 154,726 154,726
CASTLELAKE IV LP 6,523,931 6,523,931
CASTLELAKE V LP 8,396,474 8,396,474
FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND 20,237,811 20,237,811
HCAP PARTNERS III, LP 27,613 27,613
HCAP PARTNERS IV, LP 3,485,058 3,485,058
HCAP PARTNERS V LP 2,659,592 2,659,592
KAYNE CREDIT OPPORTUNITIES FUND (QP) LP 579,906 579,906
KLCP OFFSHORE FUND III LP 3,954,848 3,954,848
LOOMIS SAYLES NHIT CREDIT ASSET TRUST CLASS B 20,236,903 20,236,903
MRP VALUE OFFSHORE FUND I LP 7,053,501 7,053,501
ZETLAND SPECIAL SITUATIONS FEEDER FUND I LP 6,810,475 6,810,475

TY 2023 InvestmentsCorpStockSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Name of Stock End of Year Book Value End of Year Fair Market Value
1 800 FLOWERS.COM INC 114,267 114,267
3D SYS CORP 94,615 94,615
5TH 3RD BANCORP 29,522 29,522
AARONS CO INC 86,376 86,376
ABBOTT LAB 57,567 57,567
ACACIA RESH CORP 81,418 81,418
ACCENTURE PLC CLS A 205,984 205,984
ACHIEVE WORKFORCE FUND I, LP 4,574,938 4,574,938
ADAGE CAPITAL PARTNERS 49,736,728 49,736,728
ADAMS STREET 2007 DIRECT FUND, LP 616,801 616,801
ADAMS STREET 2009 DIRECT FUND, LP 399,608 399,608
ADAMS STREET PARTNERSHIP 2003 NON-U.S. FUND, LP 190,405 190,405
ADAMS STREET PARTNERSHIP 2003 U.S. FUND, LP 125,166 125,166
ADAMS STREET PARTNERSHIP 2005 NON-U.S. FUND, LP 107,197 107,197
ADAMS STREET PARTNERSHIP 2009 NON-U.S. EMERGING MARKETS FUND, LP 1,007,012 1,007,012
ADOBE INC 127,076 127,076
ADVANCED MICRO DEVICES INC 53,657 53,657
AERSALE CORP 75,218 75,218
AFLAC INC 20,625 20,625
AGILENT TECHNOLOGIES INC 17,101 17,101
AIR PROD & CHEM INC 81,319 81,319
ALPHABET INC CL A 393,227 393,227
ALPHABET INC CL C 264,667 264,667
AMAZON COM INC 529,663 529,663
AMER ELEC PWR CO INC 14,538 14,538
AMERICAN EXPRESS CO 120,085 120,085
AMERICAN INTERNATIONAL GROUP INC 65,040 65,040
AMERICAN TOWER CORP 44,255 44,255
AMGEN INC 48,675 48,675
ANALOG DEVICES INC 16,679 16,679
AON PLC 26,774 26,774
APPLE INC 1,164,614 1,164,614
APPLIED DIGITAL CORPORATION 144,168 144,168
APPLIED MATERIALS INC 145,539 145,539
APTIV PLC 24,673 24,673
ASPEN AEROGELS INC 170,424 170,424
AUTODESK INC 23,131 23,131
AUTOMATIC DATA PROCESSING INC 65,232 65,232
AUTOZONE INC 23,270 23,270
AVALONBAY CMNTYS REIT 174,676 174,676
AVERY DENNISON CORP 18,194 18,194
AXIOM INTERNATIONAL SMALL CAP EQUITY FUND 12,269,778 12,269,778
B RILEY FINL INC 78,397 78,397
BABCOCK & WILCOX ENTERPRISES INC 24,382 24,382
BAKER HUGHES CO 17,945 17,945
BALL CORP 22,375 22,375
BALLY'S CORPORATION 115,702 115,702
BANK NEW YORK MELLON CORP COM STK 115,447 115,447
BANK OF AMERICA CORP 69,630 69,630
BAXTER INTL INC 25,400 25,400
BERKSHIRE HATHAWAY INC CL B 228,976 228,976
BEST BUY INC 18,709 18,709
BEYOND INC 119,067 119,067
BIOGEN INC 63,916 63,916
BLACKROCK INC 145,312 145,312
BLACKROCK LONG TERM PRIVATE CAPITAL SCSP 31,671,083 31,671,083
BOOKING HLDGS INC 17,736 17,736
BORG WARNER INC 28,572 28,572
BOSTON SCIENTIFIC CORP 23,586 23,586
BRC INC CL A 74,052 74,052
BRIGHTCOVE INC 31,352 31,352
BRISTOL MYERS SQUIBB CO 18,061 18,061
BROADCOM INC 39,069 39,069
CADENCE DESIGN SYS INC 17,432 17,432
CALAVO GROWERS INC 87,642 87,642
CAMPBELL SOUP CO 16,773 16,773
CANTALOUPE INC 138,567 138,567
CARDINAL HLTH INC 61,790 61,790
CARMAX INC 15,501 15,501
CARRIER GLOBAL CORP 20,510 20,510
CARROLS RESTAURANT GROUP INC 105,356 105,356
CBRE GROUP INC CL A 96,069 96,069
CDW CORP 79,107 79,107
CENCORA INC 45,800 45,800
CHIPOTLE MEXICAN GRILL INC 18,296 18,296
CHURCH & DWIGHT INC 14,751 14,751
CINTAS CORP 18,682 18,682
CISCO SYSTEMS INC 198,089 198,089
CME GROUP INC 17,480 17,480
COMCAST CORP NEW-CL A 16,312 16,312
COMMONFUND CAPITAL SECONDARY PARTNERS 2015, LP 2,887,576 2,887,576
COMMONFUND CAPITAL SECONDARY PARTNERS II LP 5,438,544 5,438,544
COMTECH TELECOMMUNICATIONS CORP 71,402 71,402
CONOCOPHILLIPS 95,410 95,410
CONS EDISON INC 99,885 99,885
COOPER COS EXCHANGE COOPER 21,571 21,571
CROWN CASTLE INC 87,890 87,890
CUMMINS INC 5,750 5,750
CVS HEALTH CORP 73,828 73,828
DANAHER CORP 95,775 95,775
DEERE & CO 43,986 43,986
DENTSPLY SIRONA INC 14,200 14,200
DEXCOM INC 1,117 1,117
DIGITAL RLTY TR INC 19,918 19,918
DOLLAR GEN CORP 13,731 13,731
DOLLAR TREE INC 20,597 20,597
DONNELLEY FINL SOLUTIONS INC 97,297 97,297
EATON CORP PLC 94,161 94,161
EBAY INC 80,043 80,043
ECOLAB INC 17,455 17,455
EDWARDS LIFESCIENCES CORP 30,576 30,576
ELECTR ARTS 106,712 106,712
ELEVANCE HEALTH INC 39,611 39,611
ELI LILLY & CO 48,965 48,965
EQTY RESDNTL EFF 5/15/02 15,107 15,107
EQUINIX INC 26,578 26,578
ESSEX PPTY TR REIT 17,356 17,356
EVEREST GROUP LTD 21,922 21,922
EVERSOURCE ENERGY 178,433 178,433
EXTRA SPACE STORAGE INC 16,193 16,193
EXXON MOBIL CORP 30,494 30,494
FARMLAND PARTNERS INC 86,237 86,237
FARO TECHNOLOGIES INC 116,705 116,705
FIDELITY 500 INDEX-INST PREM 24,569,840 24,569,840
FIDELITY SMALL CAP INDEX 7,719,489 7,719,489
FIRST SOLAR INC 37,729 37,729
FORD MTR CO DEL 14,933 14,933
FOX CORP CL A 13,826 13,826
FOX CORP CL B 13,853 13,853
FRKLN RES INC 17,755 17,755
GALLAGHER ARTHUR J & CO 16,191 16,191
GAMBLING.COM GROUP LIMITED 59,963 59,963
GANNETT CO INC 85,100 85,100
GCM GROSVENOR ADVANCE FEEDER FUND, L.P. AND CLAYTON, DUBILIER AND RICE FUND 5,386,085 5,386,085
GENERAL DYNAMICS CORP 18,177 18,177
GENERAL MILLS INC 13,549 13,549
GENUINE PARTS CO 12,881 12,881
G-III APPAREL GROUP LTD 128,105 128,105
GILEAD SCIENCES INC 96,888 96,888
GLOBAL EMERGING MARKETS DISCOVERY FUND 24,972,748 24,972,748
GQG PARTNERS GLOBAL EQUITY FUND, LLC 31,165,503 31,165,503
GRAINGER W W INC 80,383 80,383
GRANITE EQUITY LLC 11,902,931 11,902,931
GROUPON INC 83,460 83,460
GROWGENERATION CORP 75,581 75,581
HALLIBURTON CO 1,482 1,482
HARTFORD FINL SVCS GROUP INC 35,689 35,689
HASBRO INC 129,029 129,029
HEALTHPEAK OP LLC 39,343 39,343
HELIX ENERGY SOLUTIONS GROUP INC 131,892 131,892
HENRY SCHEIN INC 15,899 15,899
HESS CORP 11,100 11,100
HEWLETT PACKARD ENTERPRISE CO 48,291 48,291
HIBBETT INC 100,828 100,828
HILTON WORLDWIDE HLDGS INC 19,119 19,119
HOLLEY INC 58,878 58,878
HOLOGIC INC 13,218 13,218
HOME DEPOT INC 179,513 179,513
HOST HOTELS & RESORTS INC REIT 17,095 17,095
HP INC 116,659 116,659
HUNT J B TRANS SVCS INC 17,178 17,178
HUNTINGTON BANCSHARES INC 59,123 59,123
IDEXX LABS INC 21,092 21,092
INGERSOLL RAND INC 59,552 59,552
INTEL CORP 50,099 50,099
INTERNATIONAL BUSINESS MACHS CORP 98,294 98,294
INTERPUBLIC GROUP COMPANIES INC 23,958 23,958
INTUIT 21,876 21,876
INTUITIVE SURGICAL INC 26,989 26,989
IRON MTN INC 17,845 17,845
JOB DIG 400,561 400,561
JOHNSON & JOHNSON 121,003 121,003
JOHNSON CTLS INTL PLC 15,390 15,390
JPMORGAN CHASE & CO 115,668 115,668
JUNIPER NETWORKS INC 18,985 18,985
KALEIDOSCOPE PRISM OFFSHORE FUND, LTD 10,772,272 10,772,272
KEYSIGHT TECHNOLOGIES INC 50,432 50,432
KIMCO REALTY CORPORATION 16,387 16,387
KINDER MORGAN INC 90,811 90,811
KLA CORPORATION 18,602 18,602
L3HARRIS TECHNOLOGIES INC 48,232 48,232
LAM RESH CORP 60,311 60,311
LEIDOS HLDGS INC 140,171 140,171
LIMONEIRA CO 132,445 132,445
LINDE PLC 169,623 169,623
LIVEONE INC 56,066 56,066
LIVEPERSON INC 72,768 72,768
LKQ CORP COM LKQ CORP 13,047 13,047
LOCKHEED MARTIN CORP 906 906
LOWES COS INC 15,356 15,356
LULULEMON ATHLETICA INC 74,137 74,137
M & T BK CORP 7,402 7,402
MARATHON PETE CORP 35,458 35,458
MARKETAXESS HLDGS INC 10,250 10,250
MASTERCARD INC CL A 159,088 159,088
MATADOR RES CO 223,460 223,460
MC DONALDS CORP 136,395 136,395
MCKESSON CORP 18,982 18,982
MEDTRONIC PLC 23,396 23,396
MERCK & CO INC 146,959 146,959
META PLATFORMS INC 288,477 288,477
METLIFE INC 16,797 16,797
METTLER-TOLEDO INTL INC 18,194 18,194
MFO BAILLIE GIFFORD ALPHA EQUITY FD CL 2 32,431,346 32,431,346
MICRON TECH INC 21,420 21,420
MICROSOFT CORP 1,321,405 1,321,405
MOLSON COORS BEVERAGE CO 14,874 14,874
MONDELEZ INTL INC 14,124 14,124
MOODYS CORP 71,863 71,863
MOTOROLA SOLUTIONS INC 35,379 35,379
MPOWERED CAPITAL ACCESS FUND I, L.P. 1,449,700 1,449,700
MSCI INC 17,535 17,535
MULTI-ALTERNATIVE OPPORTUNITIES FUND (B) LP 4,046,511 4,046,511
NASDAQ INC 177,327 177,327
NERDY INC CL A 88,220 88,220
NETAPP INC 18,514 18,514
NETFLIX INC 86,665 86,665
NETGEAR INC 88,938 88,938
NEWMONT CORPORATION 15,025 15,025
NEWPARK RES INC 167,394 167,394
NEWS CORP CL A 19,468 19,468
NEWS CORP CL B 20,293 20,293
NEXTERA ENERGY INC 12,087 12,087
NIKE INC CL B 112,044 112,044
NLIGHT INC 86,400 86,400
NOODLES & CO CL A 84,735 84,735
NORDIC AMERICAN TANKERS LIMITED 95,445 95,445
NORTHERN INSTL FDS TREAS PORTFOLIO 51,266 51,266
NORTHROP GRUMMAN CORP 15,917 15,917
NVIDIA CORP 592,778 592,778
O REILLY AUTOMOTIVE INC 24,702 24,702
OMNIAB INC 111,739 111,739
ONEOK INC 25,279 25,279
ONESPAN INC 76,712 76,712
OPORTUN FINL CORP 47,311 47,311
ORACLE CORP 109,647 109,647
OTIS WORLDWIDE CORP 16,641 16,641
OVERSEAS SHIPHOLDING GROUP INC 244,739 244,739
PALO ALTO NETWORKS INC 19,167 19,167
PARAMETRIC PIOS COLLATERAL 4,206,478 4,206,478
PARAMOUNT GLOBAL OM 7,188 7,188
PAYPAL HLDGS INC 80,693 80,693
PEPSICO INC 239,305 239,305
PETIQ INC CL A 108,033 108,033
PFIZER INC 124,977 124,977
PHILIP MORRIS INTL 26,719 26,719
PIONEER NAT RES CO MERGER EXXON MOBIL 15,966 15,966
PLAYAGS INC 117,599 117,599
PNC FINANCIAL SERVICES GROUP 19,047 19,047
PORCH GROUP INC 145,160 145,160
PRA GROUP INC 86,198 86,198
PRINCIPAL FINL GROUP INC 109,194 109,194
PROCTER & GAMBLE 117,672 117,672
PROGRESSIVE CORP 23,892 23,892
PROLOGIS INC 28,926 28,926
PUB STORAGE 22,570 22,570
QUALCOMM INC 79,980 79,980
QUANTERIX CORP 176,616 176,616
RALPH LAUREN CORP CL A 30,282 30,282
RANPAK HLDGS CORP CL A 98,358 98,358
RED ROBIN GOURMET BURGERS INC 123,204 123,204
REGENCY CTRS CORP 17,621 17,621
REGENERON PHARMACEUTICALS INC 46,549 46,549
REGIONS FINL CORP 44,768 44,768
REORG/GROUPON 01-26-2024 2,225 2,225
ROBERT HALF INC 30,948 30,948
ROCKWELL AUTOMATION 27,012 27,012
ROSS STORES INC 35,289 35,289
ROYAL CARIBBEAN GROUP 14,891 14,891
RTX CORPORATION 17,922 17,922
S&P GLOBAL INC 78,853 78,853
SALESFORCE INC 67,627 67,627
SANDRIDGE ENERGY INC SANDRIDGE ENERGY 91,521 91,521
SBA COMMUNICATIONS CORP CL A 56,319 56,319
SCHLUMBERGER LTD 41,528 41,528
SECOND ALPHA PARTNERS IV, LP 8,016,623 8,016,623
SELECTQUOTE INC 59,307 59,307
SEMPRA 23,914 23,914
SERVICENOW INC 19,075 19,075
SILCHESTER INTERNATIONAL VALUE EQUITY TRUST 27,871,815 27,871,815
SIMON PROPERTY GROUP INC 18,401 18,401
SOUTH DAKOTA EQUITY PARTNERS 2,428,077 2,428,077
SPOK HLDGS INC 153,949 153,949
STARBUCKS CORP 4,512 4,512
STONE ARCH CAPITAL III 2,416,902 2,416,902
SYSCO CORP 35,029 35,029
TAPESTRY INC 12,920 12,920
TARGET CORP 139,999 139,999
TESLA INC 243,262 243,262
TEXAS INSTRUMENTS INC 94,094 94,094
THE CIGNA GROUP 47,014 47,014
THE REALREAL INC 72,159 72,159
THERMO FISHER SCIENTIFIC INC 257,964 257,964
TJX COS INC 34,897 34,897
T-MOBILE US INC 17,476 17,476
TOWNSQUARE MEDIA INC CL A 100,320 100,320
TRACTOR SUPPLY CO 25,589 25,589
TRANE TECHNOLOGIES PLC 25,366 25,366
TRAVELERS COS INC 16,192 16,192
TRIMBLE INC 16,545 16,545
TRIUMPH GROUP INC 129,821 129,821
TRUEBLUE INC 99,710 99,710
TRUECAR INC 104,748 104,748
TRUIST FINL CORP 18,940 18,940
TURTLE BEACH CORP 88,531 88,531
UNION PAC CORP 126,003 126,003
UNITED PARCEL SVC INC CL B 55,817 55,817
UNITED RENTALS INC 24,084 24,084
UNITEDHEALTH GROUP INC 327,991 327,991
V F CORP 15,078 15,078
VENTAS INC REIT 17,145 17,145
VERA BRADLEY INC 110,110 110,110
VERALTO CORP 11,352 11,352
VERIZON COMMUNICATIONS 17,455 17,455
VERTEX PHARMACEUTICALS INC 18,310 18,310
VISA INC CL A 337,153 337,153
VITESSE ENERGY INC 116,455 116,455
WALGREENS BOOTS ALLIANCE INC 19,452 19,452
WALMART INC 73,622 73,622
WALT DISNEY CO 164,779 164,779
WASTE MGMT INC 51,043 51,043
WATERS CORP 18,437 18,437
WELLTOWER INC REIT 28,313 28,313
WILLIAMS CO INC 166,696 166,696
WILLIS TOWERS WATSON PLC 16,160 16,160
XYLEM INC 63,927 63,927
YUM BRANDS INC 14,765 14,765
ZEBRA TECHNOLOGIES CORP CL A 22,140 22,140
ZIMVIE INC 135,255 135,255
ZOETIS INC CL A 29,803 29,803

TY 2023 InvestmentsGovtObligationsSch
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
US Government Securities - End of Year Book Value:

8,311,656
US Government Securities - End of Year Fair Market Value:

8,311,656
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsOtherSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALLIANCE FUND II LP FMV 730,851 730,851
BLACKROCK EUROPEAN HEDGE FUND LIMITED FMV 10,771,897 10,771,897
BOW RIVER REAL ESTATE FUND III TE FEEDER LP FMV 1,883,369 1,883,369
CASTLELAKE AVIATION III STABLE YIELD LP FMV 7,910,890 7,910,890
COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS IX FMV 14,550,216 14,550,216
CRSEF II FEEDER, S.C.SP. FMV 1,034,173 1,034,173
DALFEN LAST MILE INDUSTRIAL FUND V, LP FMV 2,577,742 2,577,742
KALEIDOSCOPE FRACTAL FUND LP - CLASS A FMV 8,391,564 8,391,564
LES BORDES, LP FMV 3,092,819 3,092,819
MARINER ATLANTIC MULTI-STRATEGY LTD CL T SER 1 FMV 9,345,751 9,345,751
ROUNDSHIELD 1 CO-INVEST 1 LP FMV 1,761,957 1,761,957
RS FEEDER (USD) III, LP FMV 3,326,277 3,326,277
RS FEEDER (USD) IV, LP FMV 4,573,358 4,573,358
RS FEEDER FUND II LP FMV 3,417,502 3,417,502

TY 2023 LandEtcSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 1,551,436 58,046 1,493,390 1,493,390
COMPUTER HARDWARE AND SOFTWARE 255,164 66,398 188,766 188,766
FURNITURE AND EQUIPMENT 295,355 41,689 253,666 253,666
MINERAL RIGHTS 40,156 0 40,156 40,156


TY 2023 LegalFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 82,134 27,619   53,561


TY 2023 OtherAssetsSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS 11,024,249 10,928,893 10,928,893
ACCRUED INVESTMENT INCOME 30,419 67,084 67,084
SECURITIES SETTLEMENT RECEIVABLE 146,612 46,988 46,988
OPERATING LEASE RIGHT OF USE ASSET, NET 171,722 903,336 903,336
FEDERAL EXCISE TAX RECEIVABLE 716,081 495,720 495,720


TY 2023 OtherExpensesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER CONTRACTED SERVICES 255,921 39,591   286,761
MARKETING & ADVERTISING SERVICES 52,820 0   55,405
COMMUNICATION SERVICES 23,229 0   21,574
POSTAGE/DELIVERY SERVICES 1,257 7   1,331
REPAIR & MAINTENANCE 28,400 0   16,446
GENERAL SUPPLIES & MATERIALS 12,561 0   12,266
SUBSCRIPTIONS & PUBLICATIONS 8,048 0   8,097
TECHNOLOGY EQUIPMENT 22,698 0   35,866
MEMBERSHIP DUES 10,336 0   10,815
INSURANCE 65,934 0   66,294
OTHER EXPENSES - PARTNERSHIPS 0 4,304,031   0
CREDIT LOSS EXPENSE 176,250 0   0


TY 2023 OtherIncomeSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME - PARTNERSHIPS   17,469,384  
PRI INTEREST 276,019 170,491 276,019


TY 2023 OtherIncreasesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Amount
UNREALIZED GAIN ON INVESTMENTS 54,837,446


TY 2023 OtherLiabilitiesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAXES PAYABLE 1,338,558 2,029,510
OPERATING LEASE LIABILITY 195,220 1,388,467
SECURITIES SETTLEMENT PAYABLE 0 20,649


TY 2023 OtherProfessionalFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 491,096 0   533,624
INVESTMENT & AGENT FEES 5,227,575 993,260   0


TY 2023 TaxesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES - PARTNERSHIPS 0 359,582   0
EXCISE TAX 1,477,447 0   0