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
DAVID & JANIS LARSON FOUNDATION
C/O FIRST TRUST COMPANY LLC
Number and street (or P.O. box number if mail is not delivered to street address)250 MARQUETTE AVENUE 520
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55401
A Employer identification number

41-1957525
B Telephone number (see instructions)

(651) 330-5910
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$186,672,130J 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 43 43  
4 Dividends and interest from securities... 3,368,407 3,367,901  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,515,169
b Gross sales price for all assets on line 6a 36,106,119
7 Capital gain net income (from Part IV, line 2)... 6,515,169
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
113,500 113,500  
12 Total. Add lines 1 through 11........ 9,997,119 9,996,613  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 176,896 88,448   88,448
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
17,599 0   17,599
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
460 0   460
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
91,907 76,469   7,632
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
434,114 307,358   126,756
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 720,976 472,275   240,895
25 Contributions, gifts, grants paid....... 8,000,000 8,000,000
26 Total expenses and disbursements. Add lines 24 and 25 8,720,976 472,275   8,240,895
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,276,143
b Net investment income (if negative, enter -0-) 9,524,338
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,654,422 449,846 449,846
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) 4,731,183 Click to see attachment
List of Attached Documents:
// Content
13,644,040 		13,511,931
b Investments—corporate stock (attach schedule)....... 81,299,992 Click to see attachment
List of Attached Documents:
// Content
81,811,044 		119,219,472
c Investments—corporate bonds (attach schedule)....... 5,854,529 Click to see attachment
List of Attached Documents:
// Content
16,002,736 		16,024,318
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).......... 40,931,982 Click to see attachment
List of Attached Documents:
// Content
24,816,047 		37,466,543
14 Land, buildings, and equipment: basis right arrow2,045
Less: accumulated depreciation (attach schedule) right arrow2,045      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11 		Click to see attachment
List of Attached Documents:
// Content
20 		Click to see attachment
List of Attached Documents:
// Content
20
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 135,472,119 136,723,733 186,672,130
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........ 140,250,689 140,226,160
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -4,778,570 -3,502,427
29 Total net assets or fund balances (see instructions)..... 135,472,119 136,723,733
30 Total liabilities and net assets/fund balances (see instructions). 135,472,119 136,723,733
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
135,472,119
2
Enter amount from Part I, line 27a .....................
2
1,276,143
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
136,748,262
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
24,529
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
136,723,733
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 2,849 SHS. DEXCOM   2023-05-16 2023-10-06
b 900,000 US TREASURY NOTE   2023-02-27 2023-08-21
c 788 SHS. AIRBNB   2021-03-04 2023-05-15
d 567 SHS. ALIGN TECH   2021-03-04 2023-05-15
e 155,000 AMER INTL GRP NOTE   2021-03-04 2023-08-21
2,300 SHS. CURTISS-WRIGHT   2020-03-06 2023-04-26
185,000 DISNEY NOTE   2020-03-06 2023-07-06
3,713 SHS. EDWARDS LIFESCIENCE   2020-03-06 2023-08-22
7,794 SHS. ISHARES CORE US   2019-05-06 2023-05-12
21,713 SHS. ISHARES CORE MSCI   2020-04-15 2023-02-16
116,525 SHS. ISHARES CORE MSCI INTL   2020-03-18 2023-05-12
21,859 SHS. ISHARES CORE MSCI INTL   2020-03-18 2023-06-08
2,046 SHS. KEYCORP   2021-02-25 2023-05-11
1,150,000 US TREASURY NOTE   2023-02-27 2023-05-09
994 SHS. ESTEE LAUDER   2021-02-25 2023-05-15
234 SHS. NVIDIA CORP   2021-02-25 2023-05-15
699 SHS. PROGRESSIVE   2021-01-26 2023-08-22
355,000 SALESFORCE NOTE   2021-01-26 2023-01-12
1,888 SHS. BLOCK   2021-01-26 2023-04-12
535,000 US TREASURY NOTE   2021-01-26 2023-08-21
28,000 SHS. VANGUARD FTSE DEV MKTS   2020-04-15 2023-02-16
30,926 SHS. VANGUARD INTER TERM CORP   2020-04-15 2023-02-16
1,701 SHS. APPLE   2015-06-30 2023-08-22
1,575 SHS APPLE   2015-06-30 2023-08-28
10,934 SHS. INTEL CORP   2015-06-30 2023-06-21
3,265 SHS. MICROSOFT   2015-06-30 2023-08-28
3,019 SHS. SPDR MIDCAP 400   2015-06-30 2023-02-16
23,358 SHS. LEGGETT & PLATT   2021-02-25 2023-07-19
893 SHS. BLOCK   2022-11-07 2023-04-12
2,743 SHS. NIKE   2023-05-15 2023-08-22
725,000 GENERAL MOTORS NOTE   2023-05-15 2023-08-18
70,000 US TREASURY 2.875%   2023-05-16 2023-12-13
900,000 US TREASURY 2.25%   2023-05-16 2023-12-07
475,000 VMWARE 1.8%   2023-05-16 2023-12-01
457 SHS. ALIGN TECH   2021-09-08 2023-10-06
300,000 CITIGROUP 3.2%   2021-09-08 2023-12-13
15,589 SHS. ISHARES CORE MSCI   2020-04-15 2023-11-22
19,474 SHS. ISHARES CORE MSCI   2020-04-15 2023-12-11
6,057 SHS. ISHARES CORE MSCI   2020-03-18 2023-11-22
2,186 SHS. ISHARES CORE US   2019-05-06 2023-12-11
473 SHS. LILLY ELI   2019-10-02 2023-09-22
1,885 SHS. MIDDLEBY CORP   2021-02-25 2023-10-06
143 SHS. NORTHROP GRUMMAN   2021-02-25 2023-12-15
2,965 SHS. PAYPAL HOLDINGS   2021-02-25 2023-11-08
1,044 SHS. SANDOZ GROUP   2021-02-25 2023-10-10
7,125 SHS. SPDR S&P 500 ETF   2020-03-18 2023-12-11
265,000 GOLDMAN SACHS 2.6%   2020-06-16 2023-12-13
70,000 US TREASURY 0.625%   2020-10-27 2023-12-13
70,000 US TREASURY 1.25%   2022-01-20 2023-12-13
645,000 US TREASURY 2.25%   2022-01-20 2023-12-07
.33 SHS. VERALTO CORP   2021-02-25 2023-10-02
127 SHS. VERALTO CORP   2021-02-25 2023-10-05
295,000 VMWARE 1.8%   2022-01-20 2023-12-01
5,464 SHS. APPLE INC.   2016-11-18 2023-12-11
1,329 SHS. S&P MIDCAP 400 ETF   2016-11-18 2023-12-11
1,597 SHS. SPDR MIDCAP 400 ETF   2016-11-18 2023-12-11
550,000 DISNEY NOTE   2023-05-15 2023-07-06
800 SHS. EDWARDS LIFESCIENCES   2023-05-15 2023-08-22
2,735 SHS. SPDR MIDCAP 400   2015-06-30 2023-06-08
T-BILL MARKET DISCOUNT REPORTED AS INTEREST      
OKABENA SCHEDULE K-1 ST CAPITAL GAINS      
OKABENA SCHEDULE K-1 LT CAPITAL GAINS      
OKABENA PRIVATE MKTS      
OKABENA SCHEDULE K-1 1231 GAINS      
(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 232,661   328,810 -96,149
b 782,010   793,083 -11,073
c 83,330   140,607 -57,277
d 169,234   228,834 -59,600
e 148,719   158,215 -9,496
385,178   276,035 109,143
155,204   189,843 -34,639
281,368   311,285 -29,917
775,419   846,117 -70,698
1,069,229   908,170 161,059
7,169,742   4,513,013 2,656,729
1,319,835   846,599 473,236
18,731   43,325 -24,594
1,132,425   1,125,650 6,775
200,218   239,217 -38,999
67,111   18,672 48,439
91,170   64,031 27,139
349,039   365,462 -16,423
120,340   502,217 -381,877
464,862   536,945 -72,083
1,261,944   950,880 311,064
2,427,609   2,689,366 -261,757
300,777   53,488 247,289
283,245   49,525 233,720
378,698   333,735 44,963
1,055,990   144,469 911,521
1,464,392   826,987 637,405
700,731   977,008 -276,277
56,919   56,330 589
276,483   266,485 9,998
725,000   715,784 9,216
63,522   66,395 -2,873
876,586   870,609 5,977
408,987   402,751 6,236
127,554   154,295 -26,741
283,370   326,345 -42,975
771,647   652,027 119,620
958,889   814,521 144,368
367,051   234,588 132,463
211,539   237,312 -25,773
260,366   50,806 209,560
234,028   362,533 -128,505
65,526   43,592 21,934
158,937   604,340 -445,403
28,714   22,816 5,898
385,637   199,207 186,430
227,756   278,321 -50,565
55,614   69,138 -13,524
63,858   69,021 -5,163
628,220   671,046 -42,826
25   26 -1
9,460   10,459 -999
254,003   282,411 -28,408
1,049,133   170,989 878,144
641,822   388,865 252,957
772,404   467,282 305,122
461,416   468,931 -7,515
60,623   70,899 -10,276
1,279,819   757,669 522,150
      -17,059
      9,790
      108,938
1,452,000   1,452,000 0
      6,762
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       -96,149
b       -11,073
c       -57,277
d       -59,600
e       -9,496
      109,143
      -34,639
      -29,917
      -70,698
      161,059
      2,656,729
      473,236
      -24,594
      6,775
      -38,999
      48,439
      27,139
      -16,423
      -381,877
      -72,083
      311,064
      -261,757
      247,289
      233,720
      44,963
      911,521
      637,405
      -276,277
      589
      9,998
      9,216
      -2,873
      5,977
      6,236
      -26,741
      -42,975
      119,620
      144,368
      132,463
      -25,773
      209,560
      -128,505
      21,934
      -445,403
      5,898
      186,430
      -50,565
      -13,524
      -5,163
      -42,826
      -1
      -999
      -28,408
      878,144
      252,957
      305,122
      -7,515
      -10,276
      522,150
      -17,059
      9,790
      108,938
      0
      6,762
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 6,515,169
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) 1 132,388
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........................... 3 132,388
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- ..... 5 132,388
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 42,987
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 110,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 152,987
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 872
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 19,727
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow19,727 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMICHAEL REDDEN FIRST TRUST COMPANY Telephone no.right arrow (651) 330-5910

Located atright arrow250 MARQUETTE AVENUE SUITE 520MINNEAPOLISMN ZIP+4right arrow55401
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
JANIS L LARSON PRES., SECT'Y, TREAS., TRU
2.00 		0 0 0
581 NORTH STREAM ROAD
WAYZATA,MN55391
D LANCE LARSON TRUSTEE
2.00 		0 0 0
8416 ENSLEY LANE
LEAWOOD,KS66206
REID M LARSON TRUSTEE
2.00 		0 0 0
11800 28TH AVENUE NORTH
PLYMOUTH,MN55441
FIRST TRUST CO LLC TRUSTEE
10.00 		176,896 0 0
250 MARQUETTE AVENUE SUITE 520
MINNEAPOLIS,MN55401
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
174,603,596
b
Average of monthly cash balances.......................
1b
3,835,647
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
178,439,243
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
178,439,243
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,676,589
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
175,762,654
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,788,133
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
8,788,133
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
132,388
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
132,388
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,655,745
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
8,655,745
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
8,655,745
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
8,240,895
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
8,240,895
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 8,655,745
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 7,981,061
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 8,240,895
a Applied to 2022, but not more than line 2a 7,981,061
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..... 259,834
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		8,395,911
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
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

AAHS DECA FOUNDATION

1210 BROADWAY ST STE 240 PMB 152
ALEXANDRIA,MN56308 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 200,000

ALS ASSOCIATION - MID-AMERICA CHAPTER

6405 METCALF AVE STE 205
MISSION,KS66202 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 25,000

BIG BROTHERS AND BIG SISTERS

2550 UNIVERSITY AVENUE W STE 410N
ST PAUL,MN55114 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES - OPERATING 400,000

CAMP FIRE MINNESOTA

3300 TANADOONA DR
EXCELSIOR,MN55331 		  PUBLIC CHARITY YOUTH IN NATURE & LEADERSHIP PROGRAM 115,000

CAPABLE PARTNERS

PO BOX 27664
GOLDEN VALLEY,MN55427 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 30,000

CENTRAL SQUARE CULTURAL AND CIVIC CENTER

105 SECOND AVE NE STE 111
GLENWOOD,MN56334 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 350,000

CHILDREN'S MERCY HOSPITAL

2401 GILLHAM ROAD
KANSAS CITY,MO64108 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 5,000

COLLEGE POSSIBLE TWIN CITIES

540 FAIRVIEW AVE N STE 201
ST PAUL,MN55104 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 200,000

EVERY THIRD SATURDAY

5402 43RD AVENUE S
MINNEAPOLIS,MN55417 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 60,000

FOOD FOR HUNGRY MINDS

3108 CHICAGO AVE
MINNEAPOLIS,MN55407 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 60,000

GUTHRIE THEATER FOUNDATION

818 SOUTH SECOND STREET
MINNEAPOLIS,MN55415 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 100,000

JUST LIKE YOU FILMS

7301 MISSION RD
PRAIRIE VILLAGE,KS66208 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 100,000

KANSAS CITY CHRISTIAN SCHOOL

4801 W 70TH STREET
PRAIRIE VILLAGE,KS66208 		  SCHOOL GENERAL CHARITABLE PURPOSES 11,500

KANSAS UNIVERSITY ENDOWMENT ASSOCIATION

PO BOX 928
LAWRENCE,KS66044 		  PUBLIC CHARITY JAYHAWK ACHIEVEMENT FUND 330,000

KANSAS UNIVERSITY ENDOWMENT ASSOCIATION

PO BOX 928
LAWRENCE,KS66044 		  SCHOOL KU LEADS 250,000

KANSAS UNIVERSITY ENDOWMENT ASSOCIATION

PO BOX 928
LAWRENCE,KS66044 		  SCHOOL LARSON FOUNDATION SCHOLARSHIP FUND 1,017,000

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS

1000 UNIVERSITY AVENUE W STE 110
ST PAUL,MN55104 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 85,000

PINKY SWEAR FOUNDATION

5555 W78TH ST STE E
EDINA,MN55439 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 1,000,000

POPE COUNTY HISTORICAL SOCIETY

809 S LAKESHORE DR
GLENWOOD,MN56334 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 250,000

REDWOOD HISTORICAL SOCIETY

913 W BRIDGE STREET
REDWOOD FALLS,MN56283 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 200,000

ROCKHURST HIGH SCHOOL

9301 STATE LINE ROAD
KANSAS CITY,MO64114 		  SCHOOL GENERAL CHARITABLE PURPOSES 20,000

ST ANN'S CATHOLIC SCHOOL

200 HAMEL ROAD
HAMEL,MN55340 		  SCHOOL GENERAL CHARITABLE PURPOSES 38,000

ST CROIX VALLEY FOUNDATION

516 2ND STREET STE 214A
HUDSON,WI54016 		  PUBLIC CHARITY CAPISTRANT PARKINSON'S FOUNDATION 300,000

THE GRIEF CLUB OF MINNESOTA

2025 COULTER BLVD STE 100
CHANHASSEN,MN55317 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 75,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 SE OAK ST STE 500
MINNEAPOLIS,MN55455 		  SCHOOL DAVE LARSON SCHOLARSHIP FUND, JANIS LARSON SCHOLARSHIP FUND, LARSON FAMILY ENDOWMENT FOR CLA LEARNING 300,000

VOYAGEUR OUTWARD BOUND SCHOOL

179 ROBIE ST STE 295
ST PAUL,MN55107 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 850,000

WASHBURN CENTER FOR CHILDREN

1100 GLENWOOD AVENUE
MINNEAPOLIS,MN55405 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 100,000

YMCA OF THE NORTH

PO BOX 1450
MINNEAPOLIS,MN55485 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 250,000

LINCOLN PREP - INNER CITY ACCELERATED SCHOOL

211 WOODLAND AVENUE
KANSAS CITY,MO64108 		  SCHOOL GENERAL CHARITABLE PURPOSES 3,500

THE PINKY SWEAR FOUNDATION KANSAS CITY

PO BOX 20292
KANSAS CITY,MO64108 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 200,000

CITY OF REDWOOD FALLS LIBRARY

509 S LINCOLN ST
REDWOOD FALLS,MN56283 		  GOVERNMENT NEW LIBRARY MATCH 500,000

RIDGEDALE YMCA

12301 RIDGEDALE DR
MINNETONKA,MN55305 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 75,000

ADULT & TEEN CHALLENGE

3231 FIRST AVE S
MINNEAPOLIS,MN55408 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 150,000

MANKATO UNIVERSITY MINNESOTA

126 ALUMNI FOUNDATION CENTER
MANKATO,MN56001 		  SCHOOL GENERAL CHARITABLE PURPOSES 50,000

THE SANNEH FOUNDATION

2090 CONWAY ST
ST PAUL,MN55119 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 150,000

FOLDS OF HONOR OF MINNESOTA

229 MINNETONKA AVE S
WAYZATA,MN55391 		  PUBLIC CHARITY GENERAL CHARITABLE PURPOSES 150,000
Total .................................right arrow 3a 8,000,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 43  
4 Dividends and interest from securities ....     14 3,368,407  
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 .....     14 113,500  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 6,515,169  
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 9,997,119 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
9,997,119
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTANT 460 0   460

TY 2023 InvestmentsCorpBondsSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN EXPRESS CO 3% 10/30/2024 (025816BR9) 681,143 676,535
AMGEN INC 3.625% 5/22/2024 (031162BV1) 884,104 883,063
AON PLC 3.875% 12/15/2025 (00185AAK0) 608,514 600,687
BANK OF AMERICA C 3.248% 10/21/2027 (06051GGA1) 963,823 957,774
LOWE'S COMPANIES INC 3.1% 5/3/2027 (548661DP9) 770,648 771,395
ORACLE CORP 2.65% 7/15/2026 (68389XBM6) 649,989 649,327
PAYPAL HOLDINGS INC 2.85% 10/1/2029 (70450YAE3) 787,404 767,627
STARBUCKS CORP 2.25% 3/12/2030 (855244AW9) 720,839 693,729
WELLS FARGO & CO 3.55% 9/29/2025 (94974BGP9) 1,119,269 1,114,491
AT&T GLBL NOTES 2.3% 06/01/2027 892,994 883,109
INTERCONTINENTAL EXCHANGE SR GLBL NOTE 2.1% 06/15/2030 740,694 704,924
VERIZON SR GLBL NOTE 1.45% 03/20/2026 913,709 898,751
BROADCOM INC. 4.75% 4/15/29 665,646 654,818
CVS HEALTH CORP 5% 1/30/29 751,885 763,045
CITIGROUP INC. VAR 6/9/27 626,256 639,601
META PLATFORMS INC. 3.5% 8/15/27 819,093 831,782
GOLDMAN SACHS GROUP 3.8% 3/15/30 463,815 470,675
JP MORGAN CHASE VAR 11/08/32 862,073 872,543
KEYCORP VAR 6/1/33 651,373 734,112
MORGAN STANLEY VAR 5//4/27 674,233 691,013
WILLIAMS COS INC 5.3% 8/15/28 755,232 765,317

TY 2023 InvestmentsCorpStockSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBVIE INC (ABBV) 2,118,010 3,433,515
ADOBE INC (ADBE) 113,051 141,394
ALPHABET INC-CL A (GOOGL) 1,149,760 3,045,242
ALPHABET INC-CL C (GOOG) 1,721,793 2,084,777
AMAZON COM INC (AMZN) 1,636,387 2,962,222
AMERICAN TOWER CORPORATION (AMT) 445,529 415,137
AMGEN INC (AMGN) 491,247 763,253
AMPHENOL CORP CL A (APH) 219,662 359,743
APPLE INC (AAPL) 1,618,217 5,975,554
APPLIED MATERIALS INC (AMAT) 845,793 1,904,322
ATLASSIAN CORPORATION PLC - (TEAM) 292,817 240,239
AVERY DENNISON CORP (AVY) 479,023 759,111
CASEYS GEN STORES INC (CASY) 348,572 687,125
CATERPILLAR INC (CAT) 605,043 1,972,414
CHARLES RIVER LABS (CRL) 401,803 331,906
CHARLES SCHWAB CORP (SCHW) 767,456 1,032,000
CHEVRON CORP (CVX) 847,147 1,327,524
CHIPOTLE MEXICAN GRILL INC (CMG) 96,571 272,148
CHUBB LTD (CB) 1,353,243 2,128,242
CHURCH & DWIGHT INC (CHD) 1,143,248 1,456,602
CINTAS CORP (CTAS) 335,296 667,747
COCA COLA CO (KO) 949,241 1,139,765
COSTCO WHOLESALE CORP (COST) 354,758 681,202
CSX CORP (CSX) 809,922 1,109,440
CURTISS WRIGHT CORP (CW) 617,214 1,381,298
DATADOG INC CL A (DDOG) 159,206 229,530
DEERE & CO (DE) 755,015 1,329,568
DENTSPLY SIRONA INC (XRAY) 654,962 549,652
DRAFTKINGS INC CL A (DKNG) 160,728 231,275
EATON CORPORATION PLC (ETN) 550,043 1,304,040
ELI LILLY & CO (LLY) 724,139 1,570,969
EMERSON ELEC CO (EMR) 1,228,020 1,583,559
ENBRIDGE INC (ENB) 900,246 924,741
ENTERGY CORP (ETR) 1,351,074 1,569,254
META PLATFORMS INC. CL A (FB) 83,173 88,490
FOX CORPORATION CL A (FOXA) 1,372,439 1,240,770
HILLENBRAND INC (HI) 704,328 957,000
HOME DEPOT INC (HD) 37,686 117,480
HORMEL FOODS CORP (HRL) 769,794 590,824
HUNTINGTON BANCSHARES INC (HBAN) 930,096 873,406
INTEL CORP (INTC) 1,067,453 1,462,476
INTUIT (INTU) 381,168 675,032
INTUITIVE SURGICAL INC (ISRG) 539,485 789,760
JP MORGAN CHASE & CO (JPM) 1,253,428 3,058,908
LAB CORP AMER HLDGS (LH) 745,095 1,014,622
LAM RESH CORP (LRCX) 379,081 523,218
LKQ CORP OC COM (LKQ) 733,761 1,308,777
LOWES COS INC (LOW) 362,894 470,026
LULULEMON ATHLETICA INC (LULU) 318,100 496,974
MAGNA INTERNATIONAL INC CL (MGA) 831,859 797,580
MCDONALDS CORP (MCD) 625,075 966,030
MERCK & CO INC (MRK) 818,639 1,163,789
MICROSOFT CORP (MSFT) 2,279,835 6,412,986
MSCI INC CL A (MSCI) 209,331 306,582
NETFLIX INC (NFLX) 738,116 599,836
NOVARTIS AG SPONS ADR (NVS) 413,862 527,366
NVIDIA CORPORATION (NVDA) 688,029 2,593,962
OLD DOMINION FREIGHT LINE I (ODFL) 220,352 425,191
PAYPAL HOLDINGS INC (PYPL) 966,342 404,385
PHILIP MORRIS INTERNATIONAL (PM) 1,301,378 1,552,132
PROCTER & GAMBLE CO (PG) 650,238 794,100
PROGRESSIVE CORP (PGR) 307,217 449,170
RAYTHEON TECHNOLOGIES CORPO (RTX) 815,036 1,130,000
REGIONS FINANCIAL CORP (RF) 713,474 853,340
S&P GLOBAL INC (SPGI) 178,867 246,691
SCHLUMBERGER LTD (SLB) 818,501 1,237,043
SERVICENOW INC (NOW) 635,027 955,174
SHERWIN WILLIAMS CO (SHW) 333,916 428,863
SHOPIFY INC A (SHOP) 288,340 386,540
SONOCO PRODS CO (SON) 599,382 612,223
SOUTHERN COMPANY (SO) 697,486 964,501
STARBUCKS CORP (SBUX) 55,314 50,693
STRYKER CORP (SYK) 325,239 404,271
SYNOPSYS INC (SNPS) 499,685 791,417
THE TRADE DESK INC - A (TTD) 307,284 308,780
TRAVELERS COS INC (TRV) 1,247,202 1,746,603
UNITED PARCEL SERVICE INC C (UPS) 743,337 978,285
UNITEDHEALTH GRP INC (UNH) 1,491,497 2,381,750
US BANCORP (USB) 1,128,853 978,258
VERIZON COMM (VZ) 1,661,806 1,121,500
PARAMOUNT GLOBAL CL B/VIACOM 1,448,968 1,082,628
VISA INC (V) 800,234 1,145,019
WALMART INC (WMT) 1,398,082 1,802,097
WALT DISNEY CO (DIS) 1,359,442 1,024,521
WASTE MANAGEMENT INC (WM) 887,665 1,432,800
WILLIAMS COS INC (WMB) 1,100,549 1,735,370
ZOETIS INC (ZTS) 540,474 711,914
CISCO SYSTEMS INC. 1,574,659 2,153,213
AMERIPRISE FINANCIAL 43,680 72,168
BOOKING HLDGS INC 128,845 195,097
BOOZ ALLEN HAMILTON HLDGS CL A 1,109,604 1,790,740
BROADCOM INC 106,992 338,224
CONOCOPHILLIPS 54,361 116,999
CONSTELLATION BRANDS CL A 399,714 427,172
DANAHER CORP 79,435 88,372
DOW INC 118,595 104,580
ECOLABS 111,470 101,555
EXXON MOBIL 113,991 198,260
FORD MOTOR COMPANY 32,727 32,840
FORTIVE CORP 32,726 36,005
HONEYWELL INTL INC 94,635 91,014
INTL FLAVORS & FRAGRANCES INC 334,675 202,749
NORTHRUP GRUMMAN CORP 461,630 438,179
PNC FINANCIAL SERVICES GROUP 55,198 47,848
PEPSICO INC 138,136 173,916
PINNACLE WEST 1,460,451 1,333,853
SALESFORCE INC 707,896 1,049,929
TESLA MOTORS INC 1,473,522 1,329,120
THERMO FISHER SCIENTIFIC 130,205 151,275
UNION PACIFIC 127,372 146,390
CANADIAN PACIFIC RAILWAY 425,074 701,104
TE CONNECTIVITY 99,189 107,623
QUALCOMM INC. 1,309,462 1,410,143
ASML HOLDING NV 232,717 340,614
BOSTON BEER INC. CL A 210,892 189,729
COPART INC 239,071 420,028
FIDELITY NATIONAL INFORMATION 830,310 450,525
LINCOLN ELEC HLDGS INC 222,195 339,890
MCCORMICK & CO 703,022 589,917
MONOLITHIC POWER SYSTEMS 369,268 471,193
PALO ALTO NETWORKS INC 372,178 556,439
U-HAUL HOLDINGS CO 53,444 107,700
U-HAUL HOLDINGS CO CL B 520,186 950,940
WARNER BROS DISCOVERY INC 218,706 81,333
ACCENTURE PLC 47,330 52,637
FORTREA HOLDINGS 331,501 393,183
POOL CORP 228,700 231,252
UNITED RENTALS 136,308 135,900
WEST PAHRM SRVC INC 322,822 334,161

TY 2023 InvestmentsGovtObligationsSch
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
US Government Securities - End of Year Book Value:

13,644,040
US Government Securities - End of Year Fair Market Value:

13,511,931
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:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BERKSHIRE HATHAWAY INC CL B (BRK.B) AT COST 1,297,512 2,144,240
ISHARES CORE MSCI EMERGING (IEMG) AT COST 3,564,588 4,310,630
ISHARES CORE S&P SMALL CAP (IJR) AT COST 2,202,043 3,748,698
ISHARES CORE U.S. AGGREGATE (AGG) AT COST 2,133,313 1,950,362
SCHWAB US REIT (SCHH) AT COST 2,368,080 2,961,530
SCHWAB US SMALL CAP ETF (SCHA) AT COST 5,031,115 7,551,834
SPDR PORTFOLIO S&P 500 ETF (SPLG) AT COST 1,967,608 3,933,962
OKABENA PRIVATE MARKETS AT COST 1,202,288 2,801,783
ISHARES CORE MSCI INTL ETF AT COST 2,854,348 4,682,766
SPDR PORTFOLIO S&P MIDCAP 400 ETF (SPLG) AT COST 1,615,152 2,800,738
SCHWAB TREASURY OBLIGATION MONEY INV AT COST 580,000 580,000

TY 2023 LegalFeesSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MOSS & BARNETT 17,599 0   17,599


TY 2023 OtherAssetsSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
2022 FIRST TRUST DIVIDEND RECEIVED 2023 11 0 0
2023 FIRST TRUST DIVIDEND RECEIVED 2024 0 20 20


TY 2023 OtherDecreasesSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Description Amount
OKABENA PRIVATE MARKETS ADJUSTMENT FOR NONDEDUCTIBLE PASSTHROUGH CHARITABLE 113
OKABENA MISCELLANEOUS ADJUSTMENT 11
OKABENA PRIVATE MARKETS K-1 SECTION 743B ADJUSTMENT TO BASIS 716
MISCELLANEOUS ADJUSTMENT 23,689


TY 2023 OtherExpensesSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE OF MINNESOTA 25 0   25
OKABENA PRIVATE MARKETS K-1 INTEREST EXPENSE 19,646 19,646   0
OKABENA PRIVATE MARKETS K-1 PORTFOLIO EXPENSES 58,155 58,155   0
OKABENA PRIVATE MARKETS K-1 ROYALTY DEDUCTIONS 3,691 3,691   0
OKABENA PRIVATE MARKETS K-1 SECTION 59(E)(2) EXPENSES 81,659 81,659   0
OKABENA PRIVATE MARKETS K-1 OTHER PORTFOLIO EXPENSES 1,855 1,855   0
OKABENA PRIVATE MARKETS K-1 SECTION DEPLETION 15,596 15,596   0
AMERITRADE FCI FEES 253,463 126,732   126,731
OKABENA PRIVATE MARKETS K-1 SECTION 179 EXPENSE 24 24   0


TY 2023 OtherIncomeSchedule2
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OKABENA PRIVATE MARKETS K-1 PFIC 7 7 7
OKABENA PRIVATE MARKETS K-1 SUBPART F 943 943 943
OKABENA PRIVATE MARKETS K-1 SECTION 1256 CONTRACTS 1,061 1,061 1,061
OKABENA PRIVATE MARKETS FUND K-1 TRADER INCOME 35,391 35,391 35,391
OKABENA PRIVATE MARKETS FUND K-1 CANCELLATION OF DEBT -692 -692 -692
OKABENA PRIVATE MARKETS FUND K-1 OTHER PORTFOLIO INCOME 437 437 437
OKABENA PRIVATE MARKETS K-1 FUND RENTAL -9,458 -9,458 -9,458
OKABENA PRIVATE MARKETS FUND K-1 ORD BUSINESS INCOME 66,828 66,828 66,828
OKABENA PRIVATE MARKETS FUND K-1 ROYALTY 17,217 17,217 17,217
OKABENA PRIVATE MARKETS FUND SECTION 988 GAIN 1,778 1,778 1,778
OKABENA PRIVATE MARKETS FUND OTHER RENTAL -12 -12 -12


TY 2023 TaxesSchedule
Name:
DAVID & JANIS LARSON FOUNDATION
 
C/O FIRST TRUST COMPANY LLC
EIN:
41-1957525
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OKABENA PRIVATE MARKETS K-1 FOREIGN TAX PAID 2,937 2,937   0
2022 FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 723 0   0
2023 ESTIMATED FEDERAL UBTI 5,310 0   0
2018 FLORIDA UBTI 570 0   0
2021 COLORADO UBTI 103 0   0
2022 COLORADO UBTI ESTIMATED 1,100 0   0
TD AMERITRADE/FCI FOREIGN TAX 42,153 42,153   0
SCHWAB/FCI FOREIGN TAX 31,379 31,379   0
TRUSTEE TRAVEL EXPENSE 7,632 0   7,632