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 06-01-2023 , and ending 05-31-2024
Name of foundation
MIKE & LINDA FITERMAN FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)600 HIGHWAY 169 S 1020
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST LOUIS PARK, MN55426
A Employer identification number

41-6058465
B Telephone number (see instructions)

(763) 536-6636
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$35,197,707J 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) 2,850,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 413,480 413,480  
4 Dividends and interest from securities... 338,330 338,330  
5a Gross rents............ 15,652 6,143  
b Net rental income or (loss) 15,652
6a Net gain or (loss) from sale of assets not on line 10 607,365
b Gross sales price for all assets on line 6a 14,911,560
7 Capital gain net income (from Part IV, line 2)... 429,712
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........ 4,224,827 1,187,665 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
53,344 844 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
171,988 171,963 0 25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 225,332 172,807 0 25
25 Contributions, gifts, grants paid....... 3,035,750 3,035,750
26 Total expenses and disbursements. Add lines 24 and 25 3,261,082 172,807 0 3,035,775
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 963,745
b Net investment income (if negative, enter -0-) 1,014,858
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets 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............. 196,617 200,725 200,725
2 Savings and temporary cash investments......... 5,733,022 5,682,191 5,982,194
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) 2,579,849 Click to see attachment
List of Attached Documents:
// Content
2,998,585 		3,531,377
b Investments—corporate stock (attach schedule)....... 16,409,985 Click to see attachment
List of Attached Documents:
// Content
16,534,762 		21,270,570
c Investments—corporate bonds (attach schedule)....... 4,605,977 Click to see attachment
List of Attached Documents:
// Content
5,230,699 		3,225,677
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).......... 1,144,931 Click to see attachment
List of Attached Documents:
// Content
987,164 		987,164
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) 30,670,381 31,634,126 35,197,707
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 12,253,232 12,253,232
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,417,149 19,380,894
29 Total net assets or fund balances (see instructions)..... 30,670,381 31,634,126
30 Total liabilities and net assets/fund balances (see instructions). 30,670,381 31,634,126
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
30,670,381
2
Enter amount from Part I, line 27a .....................
2
963,745
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,634,126
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
31,634,126
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 TOTAL US BANK PRIVATE CLIENT P 2023-04-01 2024-05-31
b TOTAL BREMER INVESTMENT P 2023-04-01 2024-05-31
c TOTAL SCHWAB P 2023-04-01 2024-05-31
d ISRAEL BONDS P 2023-04-01 2024-05-31
e FOUNDERS PROPERTIES INCOME FUND P 2023-04-01 2024-05-31
FOUNDERS PROPERTIES INCOME FUND P 2023-04-01 2024-05-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,209,296   5,927,210 282,086
b 5,577,155   5,645,231 -68,076
c 2,627,725   2,531,754 95,971
d 200,000   200,000 0
e 119,731     119,731
177,653   177,653 0
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       282,086
b       -68,076
c       95,971
d       0
e       119,731
      0
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 2 429,712
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 14,107
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 14,107
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 14,107
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 22,115
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 22,115
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,008
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow8,008 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
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 arrowN/A
14
The books are in care ofright arrowDAVID LENZEN Telephone no.right arrow (763) 536-6636

Located atright arrow600 HIGHWAY 169 S SUITE 1020ST LOUIS PARKMN ZIP+4right arrow55426
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
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
MICHAEL FITERMAN PRESIDENT
4.00 		0 0 0
600 HIGHWAY 169 S SUITE 1020
ST LOUIS PARK,MN55426
DAVID LENZEN SECRETARY
8.00 		0 0 0
600 HIGHWAY 169 S SUITE 1020
ST LOUIS PARK,MN55426
LINDA FITERMAN TREASURER
10.00 		0 0 0
600 HIGHWAY 169 S SUITE 1020
ST LOUIS PARK,MN55426
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
27,383,272
b
Average of monthly cash balances.......................
1b
6,193,908
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
33,577,180
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
33,577,180
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
503,658
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
33,073,522
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,653,676
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
1,653,676
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
14,107
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
35,185
c
Add lines 2a and 2b............................
2c
49,292
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,604,384
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,604,384
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
1,604,384
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
3,035,775
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
3,035,775
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 1,604,384
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...... 188,638
b From 2019...... 938,852
c From 2020...... 428,092
d From 2021...... 333,300
e From 2022...... 388,284
f Total of lines 3a through e ........ 2,277,166
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,035,775
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..... 1,604,384
e Remaining amount distributed out of corpus 1,431,391
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,708,557
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) ... 		188,638
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,519,919
10 Analysis of line 9:
a Excess from 2019.... 938,852
b Excess from 2020.... 428,092
c Excess from 2021.... 333,300
d Excess from 2022.... 388,284
e Excess from 2023.... 1,431,391
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:
LINDA FITERMAN
600 HIGHWAY 169 S SUITE 1020
ST LOUIS PARK,MN55426
(763) 971-1904
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORMS ARE AVAILABLE BY CONTACTING PERSON INDICATED IN 2A
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED AT ANY TIME
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NO GRANTS WILL BE APPROVED FOR INDIVIDUALS, LOBBYING OR ADVOCACY GROUPS
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

ADATH JESHURUN CONGREGATION

10500 HILLSIDE LANE WEST
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 6,100

ALZHEIMER'S ASSOCIATION

225 N MICHIGAN AVE FL 17
CHICAGO,IL60601 		  PC PUBLIC SUPPORT 1,000

AMERICAN DIABETES ASSOCITIO

PO BOX 7023
MERRIFIELD,VA221167023 		  PC PUBLIC SUPPORT 1,500

AMERICAN FRIENDS OF JORDAN RIVER VILLAGE FOUNDATION

244 MADISON AVE SUITE 482
NEW YORK,NY10016 		  PC PUBLIC SUPPORT 2,500

AMERICAN FRIENDS OF MIGDAL TORAH INC

1191 E 18TH ST
BROOKLYN,NY112304415 		  PC PUBLIC SUPPORT 1,000

AMERICAN RED CROSS

7051 CYPRESS TERRACE 110
FORT MYERS,FL33907 		  PC PUBLIC SUPPORT 5,000

ANGEL FOUNDATION

708 3RD ST S
MINNEAPOLIS,MN55415 		  PC PUBLIC SUPPORT 500

ANTI-DEFAMATION LEAGUE

120 SOUTH LASALLE SUITE 1150
CHICAGO,IL60603 		  PC PUBLIC SUPPORT 1,800

APPETITE FOR CHANGE

1200 WEST BROADWAY AVE 250
MINNEAPOLIS,MN55411 		  PC PUBLIC SUPPORT 1,000

ARC GREATER TWIN CITIES

2446 UNIVERSITY AVENUE W SUITE 116
ST PAUL,MN55114 		  PC PUBLIC SUPPORT 6,000

BETH EL SYNAGOGUE

5225 BARRY ST W
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 36,000

BIG BROTHERS BIG SISTERS

2550 UNIVERSITY AVENUE SUITE 410N
ST PAUL,MN55114 		  PC PUBLIC SUPPORT 7,500

BOYS AND GIRLS CLUB OF THE TWIN CITIES

690 JACKSON STREET
ST PAUL,MN55130 		  PC PUBLIC SUPPORT 5,000

BRIDGE FOR RUNAWAY YOUTH

2200 EMERSON AVENUE SOUTH
MINNEAPOLIS,MN55405 		  PC PUBLIC SUPPORT 5,000

BRIDGING INC

201 WEST 87TH STEET
MINNEAPOLIS,MN55420 		  PC PUBLIC SUPPORT 5,000

CATHOLIC CHARITIES

SDS 12-2961 PO BOX 86
MINNEAPOLIS,MN55486 		  PC PUBLIC SUPPORT 15,000

CHABAD AT UNIVERSTIY OF WISONSIN

223 W GILMAN ST
MADISON,WI53703 		  PC PUBLIC SUPPORT 1,800

CHABAD LUBAVITCH LIVING LEGACY

2845 HEDBERG DR
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 60,000

CHABAD U OF M

1121 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC PUBLIC SUPPORT 25,000

CHILDREN'S FOUNDATION

5901 LINCOLN DRIVE
EDINA,MN55436 		  PC PUBLIC SUPPORT 5,000

CHILDREN'S HEARTLINK

5075 ARCADIA AVENUE
MINNEAPOLIS,MN55436 		  PC PUBLIC SUPPORT 5,000

CHILDRENS MINNESOTA HOSPITAL

2525 CHICAGO AVE MINNEAPOLIS
MINNEAPOLIS,MN55404 		  PC PUBLIC SUPPORT 33,000

CITY OF HOPE

1500 EAST DUARTE RD
DUARTE,CA91010 		  PC PUBLIC SUPPORT 125,000

COLEL CHABAD

806 EASTERN PKWY
BROOKLYN,NY11213 		  PC PUBLIC SUPPORT 1,000

COMMUNITY HEALTH CHARITIES MINNESOTA

1199 N FAIRFAX STREET SUITE 600
ALEXANDRIA,VA22314 		  PC PUBLIC SUPPORT 120,000

COURAGE KENNY FOUNDATION

3915 GOLDEN VALLEY ROAD
GOLDEN VALLEY,MN55422 		  PC PUBLIC SUPPORT 6,000

CREATE A MEMORY FOUNDATION

80 S 8TH ST
MINNEAPOLIS,MN55402 		  PC PUBLIC SUPPORT 1,000

CRESCENT COVE

4201 BASS LAKE RD
BROOKLYN CENTER,MN55429 		  PC PUBLIC SUPPORT 1,500

EVERY MEAL

2723 PATTON ROAD
ROSEVILLE,MN55113 		  PC PUBLIC SUPPORT 250

GARY SINISE FOUNDATION

PO BOX 40726
NASHVILLE,TN37204 		  PC PUBLIC SUPPORT 2,000

GCZS CO RABBI WEINBERG

2835 SALEM AVE
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 3,600

GIRL SCOUTS OF GREATER MINNEAPOLIS

5601 BROOKLYN BOULEVARD
BROOKLYN CENTER,MN55429 		  PC PUBLIC SUPPORT 6,000

GREATER MINNEAPOLIS CRISIS NURSERY

4544 4TH AVE S
MINNEAPOLIS,MN55419 		  PC PUBLIC SUPPORT 5,000

GREATER TWIN CITIES UNITED WAY

404 8TH ST
MINNEAPOLIS,MN55404 		  PC PUBLIC SUPPORT 100,000

HABITAT FOR HUMANITY

1954 UNIVERSITY AVENUE WEST
ST PAUL,MN55104 		  PC PUBLIC SUPPORT 5,000

HAWAII COMMUNITY FOUNDATION

827 FORT STREET MALL
HONOLUL,HI96813 		  PC PUBLIC SUPPORT 1,000

HEILICHER JEWISH DAY SCHOOL

4330 CEDAR LAKE ROAD S
MINNEAPOLIS,MN55416 		  PC PUBLIC SUPPORT 5,000

HERZL CAMP

4330 CEDAR LAKE ROAD S
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 74,500

HOMEWARD BOUND INC

12805 HWY 55 SUITE 400
PLYMOUTH,MN55441 		  PC PUBLIC SUPPORT 500

HOPE ACADEMY

2300 CHICAGO AVE
MINNEAPOLIS,MN55404 		  PC PUBLIC SUPPORT 5,000

HOSPICE OF THE RED RIVER VALLEY

1701 38TH ST S SUITE 101
FARGO,ND58103 		  PC PUBLIC SUPPORT 1,000

INTERFAITH OUTREACH AND COMMUNITY PARTNERS

1605 COUNTY ROAD 101 N
PLYMOUTH,MN55447 		  PC PUBLIC SUPPORT 1,000

ISRAEL ON CAMPUS COALITION

PO BOX 34640
WASHINGTON,DC20043 		  PC PUBLIC SUPPORT 1,800

JEWISH COMMUNITY RELATIONS COUNCIL

12 N 12TH ST 480
MINNEAPOLIS,MN55403 		  PC PUBLIC SUPPORT 1,000

JEWISH FAMILY & CHILDREN'S SERVICE

5905 GOLDEN VALLEY RD
GOLDEN VALLEY,MN55422 		  PC PUBLIC SUPPORT 15,000

JEWISH FEDERATION OF GREATER NAPLES

4720 PINE RIDGE RD
NAPLES,FL34119 		  PC PUBLIC SUPPORT 3,000

JEWISH FEDERATION OF OMAHA FOUNDATION

333 S 132ND ST
OMAHA,NE68154 		  PC PUBLIC SUPPORT 10,000

JEWISH FUNDERS NETWORK

150 WEST 30TH ST SUITE 900
NEW YORK,NY10001 		  PC PUBLIC SUPPORT 1,000

JEWISH NATIONAL FUND

60 REVERE DR SUITE 725
NORTHBROOK,IL60062 		  PC PUBLIC SUPPORT 5,400

JUNIOR ACHIEVEMENT

1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC PUBLIC SUPPORT 10,000

KENESSETH ISRAEL CONGREGATION

4330 WEST 28TH STREET
ST PAUL,MN55104 		  PC PUBLIC SUPPORT 78,000

LITTLE HOSPICE

7019 LYNMAR LN
EDINA,MN55435 		  PC PUBLIC SUPPORT 10,000

LITTLE SISTERS OF THE POOR

330 EXCHANGE PLACE
ST PAUL,MN55102 		  PC PUBLIC SUPPORT 1,000

LIVING LEGACY-MINNEAPOLIS CHABAD

2845 HEDBERG DRIVE
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 25,000

LIVING WORD CHRISTIAN CENTER

9201 75TH AVE N
BROOKLYN CENTER,MN55428 		  PC PUBLIC SUPPORT 10,000

LOAVES & FISHES

721 KASOTA AVENUE SE
MINNEAPOLIS,MN55414 		  PC PUBLIC SUPPORT 5,000

LUBAVITCH CHEDER DAY SCHOOL

1758 FORD PKWY
ST PAUL,MN55116 		  PC PUBLIC SUPPORT 1,800

MAKE-A-WISH MINNESOTA

1919 UNIVERSITY AVE W SUITE 415
MINNEAPOLIS,MN55104 		  PC PUBLIC SUPPORT 12,500

MAPLE GROVE GIRLS TENNIS BOOSTER CLUB

PO BOX 1111
MAPLE GROVE,MN55311 		  PC PUBLIC SUPPORT 10,000

MAPLE GROVE THEATRE BOOSTERS

PO BOX 1111
MAPLE GROVE,MN55311 		  PC PUBLIC SUPPORT 10,000

MAYO FOUNDATION

200 FIRST STREET SW
ROCHESTER,MN55905 		  PC PUBLIC SUPPORT 5,000

MINNEAPOLIS COMMUNITY KOLLEL

2930 INGLEWOOD AVE S
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 2,500

MINNEAPOLIS JEWISH FEDERATION

111 CHESHIRE LN SUITE 50
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 1,498,000

MINNEAPOLIS RECREATION DEVELOPMENT INC

7220 YORK AVENUE SOUTH SUITE 610
EDINA,MN55435 		  PC PUBLIC SUPPORT 2,000

MINNESOTA 100 CLUB

PO BOX 1066
ANOKA,MN55303 		  PC PUBLIC SUPPORT 5,700

MINNESOTA FFA FOUNDATION

BOX 365
PLAINVIEW,MN55964 		  PC PUBLIC SUPPORT 4,000

MINNESOTA HILLEL

1521 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC PUBLIC SUPPORT 35,000

MINNESOTA JEWISH COMMUNITY CENTER

1375 ST PAUL AVE
ST PAUL,MN55116 		  PC PUBLIC SUPPORT 69,000

MINNESOTANS AGAINST TERRORISM

PO BOX 368
HOPKINS,MN55343 		  PC PUBLIC SUPPORT 25,000

MPGL ENTERTAINMENT MILKWOOD THE MOVIE

4712 ZENITH AVE S
MINNEAPOLIS,MN55410 		  PC PUBLIC SUPPORT 1,500

OPEN ARMS MN

2500 BLOOMINGTON AVE
MINNEAPOLIS,MN55404 		  PC PUBLIC SUPPORT 1,000

PEACEMAKER MINNESOTA

2131 FAIRVIEW AVE N SUITE E
ROSEVILLE,MN55113 		  PC PUBLIC SUPPORT 1,000

PINKY SWEAR FOUNDATION

5555 WEST 78TH ST SUITE E
EDINA,MN55439 		  PC PUBLIC SUPPORT 1,500

PODCAST FELLOWSHIP

24786 SUSSEX ST
OAK PARK,MI48237 		  PC PUBLIC SUPPORT 1,000

PROJECT EXTREME

335 CENTRAL AVE
LAWRENCE,NY11559 		  PC PUBLIC SUPPORT 2,500

RONALD MCDONALD HOUSE CHARITIES

621 OAK STREET SE
MINNEAPOLIS,MN55414 		  PC PUBLIC SUPPORT 4,000

SCIENCE MUSEUM OF MINNESOTA

120 WEST KELLOG BLVD
ST PAUL,MN55102 		  PC PUBLIC SUPPORT 1,000

SCRAP RACISM FOUNDATION

13118 AVOCET ST NW
COON RAPIDS,MN55448 		  PC PUBLIC SUPPORT 10,000

SECURE COMMUNITY NETWORK

PO BOX 10303
CHICAGO,IL60610 		  PC PUBLIC SUPPORT 100,000

SHA'ARIM

2851 HEDBERG DR
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 18,000

SHARING & CARING HANDS

525 NORTH 7TH STREET
MINNEAPOLIS,MN55405 		  PC PUBLIC SUPPORT 8,000

SHOLOM FOUNDATION

3610 PHILLIPS PKWY
MINNEAPOLIS,MN55426 		  PC PUBLIC SUPPORT 2,500

SIX POINTS THEATER

1978 FORD PKWY
ST PAUL,MN55116 		  PC PUBLIC SUPPORT 1,000

ST DAVID'S CENTER

3395 PLYMOUTH ROAD
MINNETONKA,MN55305 		  PC PUBLIC SUPPORT 5,000

ST LOUIS PARK EMERGENCY PROGRAM (STEP)

6812 WEST LAKE STREET
ST LOUIS PARK,MN55426 		  PC PUBLIC SUPPORT 7,000

STUDENTS SUPPORTING ISRAEL

3131 FERNBOOK LN N SUITE 223
PLYMOUTH,MN55447 		  PC PUBLIC SUPPORT 10,000

TALMUD TORAH OF MINNEAPOLIS

4330 SOUTH CEDAR LAKE ROAD
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 2,500

TC JEWFOLK

2909 S WAYZATA BLVD
MINNEAPOLIS,MN55405 		  PC PUBLIC SUPPORT 1,800

THE INSTITUE FOR HOLOCAUST RESEARH AND EDUCATION

229 MINNETONKA AVE 721
WAYZATA,MN55391 		  PC PUBLIC SUPPORT 10,000

TOBIN SCOTT FOUNDATION

2307 S RURAL ROAD
TEMPE,AZ85252 		  PC PUBLIC SUPPORT 1,000

TORAH ACADEMY

2800 JOPPA AVE S
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 3,600

TREEHOUSE ST LOUIS PARK MN

5755 WAYZATA BLV
ST LOUIS PARK,MN55416 		  PC PUBLIC SUPPORT 1,500

UNITED SYNAGOGUE YOUTH

120 BROADWAY
NEW YORK,NY10271 		  PC PUBLIC SUPPORT 3,600

UNITED WAY - ATLANTA

100 EDGEWOOD AVENUE NE
ATLANTA,GA30303 		  PC PUBLIC SUPPORT 3,000

UNITED WAY - CHICAGO

231196 MOMENTUM PLACE
CHICAGO,IL60689 		  PC PUBLIC SUPPORT 3,000

UNITED WAY - DALLAS

1800 N LAMAR ST
DALLAS,TX75202 		  PC PUBLIC SUPPORT 2,000

UNITED WAY - HOUSTON

50 WAUGH DR
HOUSTON,TX77007 		  PC PUBLIC SUPPORT 7,000

UNITED WAY - METROPOLITAN TARRANT COUNTY

1500 N MAIN ST STE 200
FT WORTH,TX76164 		  PC PUBLIC SUPPORT 7,000

UNITED WAY - MIDLANDS

2201 FARNAM STREET
OMAHA,NE68102 		  PC PUBLIC SUPPORT 7,000

UNITED WAY - NORTHEAST MISSISSIPPI

PO BOX 334
TUPELO,MS38802 		  PC PUBLIC SUPPORT 13,000

UNITED WAY - QUAD CITIES AREA

852 MIDDLE ROAD 401
BETTENDORF,IA52722 		  PC PUBLIC SUPPORT 11,000

UNITED WAY - RIVERSIDEINLAND VALLEYS

1835 CHICAGO AVE STE B
RIVERSIDE,CA92507 		  PC PUBLIC SUPPORT 1,000

UNITED WAY - SAN DIEGO COUNTY

4699 MURPHY CANYON ROAD
SAN DIEGO,CA92123 		  PC PUBLIC SUPPORT 3,000

UNITED WAY - SPENCER

PO BOX 616
SPENCER,IA51301 		  PC PUBLIC SUPPORT 7,000

UNITED WAY - ST CLOUD

921 1ST ST N 200
STCLOUD,MN56303 		  PC PUBLIC SUPPORT 36,000

UNITED WAY - VALLEY OF THE SUN

3200 E CAMELBACK RD STE 375
PHOENIX,AZ85018 		  PC PUBLIC SUPPORT 4,000

UNITED WAY - VIRGINIA

2515 WALMER AVENUE
NORFOLK,VA23513 		  PC PUBLIC SUPPORT 4,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN55455 		  PC PUBLIC SUPPORT 110,000

UW HILLEL FOUNDATION

611 LANGDON ST
MADISON,WI53703 		  PC PUBLIC SUPPORT 1,000

VETERAN VALOR FARM

19206 COUNTY RD 132
BRAINERD,MN56401 		  PC PUBLIC SUPPORT 500

YESHIVA OF MINNEAPOLIS

3115 OTTAWA AVE S
MINNEAPOLIS,MN55416 		  PC PUBLIC SUPPORT 50,000

YMCA - NORTHWEST BRANCH

7601 42ND AVENUE NORTH
NEW HOPE,MN55427 		  PC PUBLIC SUPPORT 5,000

YOUTH FRONTIERS

5215 EDINA INDUSTRIAL BLVD SUITE
400
MINNEAPOLIS,MN55439 		  PC PUBLIC SUPPORT 10,000

YOUTH WITH A MISSION

100 WEST 35TH ST
NATIONAL CITY,CA91950 		  PC PUBLIC SUPPORT 1,500
Total .................................right arrow 3a 3,035,750
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 413,480  
4 Dividends and interest from securities ....     14 338,330  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531120 9,509 16 6,143  
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 ............ 		531120 177,653 18 429,712  
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) .. 187,162 1,187,665 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,374,827
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
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
MIKE & LINDA FITERMAN FAMILY FOUNDATION
 
Employer identification number

41-6058465
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
MIKE & LINDA FITERMAN FAMILY FOUNDATION
  		Employer identification number
41-6058465
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
LIBERTY DIVERSIFIED INTERNATIONAL INC
 
5600 NORTH HIGHWAY 169
 
MINNEAPOLIS, MN55428

$ 2,850,000


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

$  


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

$  


(Complete Part II for noncash contributions.)
(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
MIKE & LINDA FITERMAN FAMILY FOUNDATION
  		Employer identification number

41-6058465
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
MIKE & LINDA FITERMAN FAMILY FOUNDATION
  		Employer identification number

41-6058465
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 InvestmentsCorpBondsSchedule
Name:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 5,230,699 3,225,677

TY 2023 InvestmentsCorpStockSchedule
Name:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 16,534,762 21,270,570

TY 2023 InvestmentsGovtObligationsSch
Name:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
US Government Securities - End of Year Book Value:

2,998,585
US Government Securities - End of Year Fair Market Value:

3,531,377
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:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
STATE OF ISRAEL BONDS AT COST 600,000 600,000
FOUNDERS PROPERTIES INCOME FUND IV, LLP AT COST 387,164 387,164

TY 2023 OtherExpensesSchedule
Name:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MN ATTORNEY GENERAL CHARITIES DIVISION 25 0 0 25
INVESTMENT FEES 171,963 171,963 0 0


TY 2023 TaxesSchedule
Name:
MIKE & LINDA FITERMAN FAMILY FOUNDATION
EIN:
41-6058465
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 52,500 0 0 0
FOREIGN TAXES WITHHELD FROM INCOME 844 844 0 0