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
CARGILL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 5650
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN554405650
A Employer identification number

41-6020221
B Telephone number (see instructions)

(952) 742-4311
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$256,237,250J 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 283,993 1,772,820  
4 Dividends and interest from securities... 4,024,278 4,880,909  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,787,179
b Gross sales price for all assets on line 6a 95,578,540
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
0 198,605  
12 Total. Add lines 1 through 11........ 2,521,092 6,852,334 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 20,000 10,000 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
91,220 68,415 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,342,808 1,099,709 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
75,887 70,170 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
80,919 307,548 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,610,834 1,555,842 0 0
25 Contributions, gifts, grants paid....... 23,993,713 13,314,442
26 Total expenses and disbursements. Add lines 24 and 25 25,604,547 1,555,842 0 13,314,442
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -23,083,455
b Net investment income (if negative, enter -0-) 5,296,492
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............. 1,469,905 252,328 252,328
2 Savings and temporary cash investments......... 6,232,655 4,269,233 4,269,023
3 Accounts receivable right arrow315,331
Less: allowance for doubtful accounts right arrow   2,999,440 315,331 315,331
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 245,293,075 Click to see attachment
List of Attached Documents:
// Content
231,380,979 		230,794,545
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,527,876 Click to see attachment
List of Attached Documents:
// Content
18,951,625 		20,606,023
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) 267,522,951 255,169,496 256,237,250
Liabilities 17 Accounts payable and accrued expenses.......... 321,701 160,300
18 Grants payable................. 5,258,000 15,937,721
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
117,571 		Click to see attachment
List of Attached Documents:
// Content
78,455
23 Total liabilities (add lines 17 through 22)......... 5,697,272 16,176,476
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 261,825,679 238,993,020
29 Total net assets or fund balances (see instructions)..... 261,825,679 238,993,020
30 Total liabilities and net assets/fund balances (see instructions). 267,522,951 255,169,496
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
261,825,679
2
Enter amount from Part I, line 27a .....................
2
-23,083,455
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
250,796
4
Add lines 1, 2, and 3 ..........................
4
238,993,020
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
238,993,020
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 10-CV-1277-ESHCITIGROUP INC. F AIR FUND DISTRIBUTION 2ND DIST P    
b 15861VALEANT PHARMACEUTICALS I NTERNATIONAL, INC., SECURITIES P    
c 3I GROUP PLC FXIB/USD P    
d ABBOTT LABORATORIES APERIO GROUP, LLC P    
e ABBVIE INC APERIO GROUP, LLC P    
ABCAM PLC ADR P    
ACADIAN INTERNATIONAL SMALL CAP FUND P    
ACCENTURE PLC P    
ACCENTURE PLC APERIO GROUP, LLC P    
ACTIVISION BLIZZARD INC APERIO GROUP, LLC P    
ADOBE INC P    
ADOBE INC APERIO GROUP, LLC P    
ADVANCE AUTO PARTS INC P    
ADVANCED MICRO DEVICES INC P    
ADVANCED MICRO DEVICES INC APERIO GROUP, LLC P    
ADVANTEST CORP ADR P    
AENA SME SA FXIB/USD P    
AFFIRM HOLDINGS INC APERIO GROUP, LLC P    
AFLAC INC P    
AFLAC INC APERIO GROUP, LLC P    
AGILENT TECHNOLOGIES INC APERIO GROUP, LLC P    
AIA GROUP LTD ADR P    
AIA GROUP LTD HK/01299 P    
AIRBUS SE ADR P    
AKER BP ASA C/DECL// SE0017486566 2432517 P    
ALBEMARLE CORP APERIO GROUP, LLC P    
ALCON INC P    
ALFA LAVAL AB FXIB/USD P    
ALIBABA GROUP HOLDING LTD HK/09988 P    
ALIGN TECHNOLOGY INC APERIO GROUP, LLC P    
ALLEIMA AB FXIB/USD P    
ALLIANZ SE ADR P    
ALPHABET INC P    
ALPHABET INC APERIO GROUP, LLC P    
ALTRIA GROUP INC APERIO GROUP, LLC P    
AMADEUS IT GROUP SA ADR P    
AMAZON.COM INC APERIO GROUP, LLC P    
AMERICAN EXPRESS CO P    
AMERICAN EXPRESS CO APERIO GROUP, LLC P    
AMERICAN TOWER CORP APERIO GROUP, LLC P    
AMERICAN WATER WORKS CO INC P    
AMERICAN WATER WORKS CO INC APERIO GROUP, LLC P    
AMERISOURCEBERGEN CORP APERIO GROUP, LLC P    
AMGEN INC APERIO GROUP, LLC P    
AMPOL LTD FXIB/USD P    
ANALOG DEVICES INC APERIO GROUP, LLC P    
ANSYS INC APERIO GROUP, LLC P    
AON PLC APERIO GROUP, LLC P    
APPLE INC APERIO GROUP, LLC P    
APPLIED MATERIALS INC APERIO GROUP, LLC P    
APTARGROUP INC APERIO GROUP, LLC P    
APTIV PLC P    
AS PER CAS-10149176-Y2D2R1 TOSHIBA CORP P    
ASML HOLDING NV P    
ASML HOLDING NV APERIO GROUP, LLC P    
ASSICURAZIONI GENERALI SPA FXIB/USD P    
ASSURANT INC APERIO GROUP, LLC P    
ASSURED GUARANTY LTD APERIO GROUP, LLC P    
ASTRAZENECA PLC ADR P    
ASX LTD FXIB/USD P    
AT&T INC APERIO GROUP, LLC P    
AUTOZONE INC APERIO GROUP, LLC P    
AVNET INC APERIO GROUP, LLC P    
AXA SA FXIB/USD P    
BAE SYSTEMS PLC P    
BALL CORP APERIO GROUP, LLC P    
BANCO BILBAO VIZCAYA ARGENTARI ADR P    
BANK OF AMERICA CORP APERIO GROUP, LLC P    
BANK OF NEW YORK MELLON CORP/T P    
BANK OF NEW YORK MELLON CORP/T APERIO GROUP, LLC P    
BANK OF NOVA SCOTIA/THE APERIO GROUP, LLC P    
BAXTER INTERNATIONAL INC APERIO GROUP, LLC P    
BCE INC APERIO GROUP, LLC P    
BECTON DICKINSON & CO P    
BECTON DICKINSON & CO APERIO GROUP, LLC P    
BECTON DICKINSON AND CO P    
BERKSHIRE HATHAWAY INC P    
BHP GROUP LTD ADR P    
BIOGEN INC APERIO GROUP, LLC P    
BIO-RAD LABORATORIES INC P    
BKX-230727002788 WRITE OFF P    
BLACK EQUITY OPPORTUNITES P    
BLACK EQUITY OPPORTUNITIES OFF P    
BLACKSTONE INC APERIO GROUP, LLC P    
BLOCK INC APERIO GROUP, LLC P    
BNF: BLACK EQUITY OPPORTUNITIES OFFSHORE P    
BOEING CO/THE APERIO GROUP, LLC P    
BOLIDEN AB C/DECL// SE002005042513269589 P    
BOOKING HOLDINGS INC APERIO GROUP, LLC P    
BOSTON PROPERTIES INC APERIO GROUP, LLC P    
BOSTON SCIENTIFIC CORP APERIO GROUP, LLC P    
BP PLC ADR P    
BRISTOL-MYERS SQUIBB CO APERIO GROUP, LLC P    
BROADCOM INC APERIO GROUP, LLC P    
BROADRIDGE FINANCIAL SOLUTIONS APERIO GROUP, LLC P    
BROOKFIELD CORP APERIO GROUP, LLC P    
BROWN-FORMAN CORP APERIO GROUP, LLC P    
BRUKER CORP P    
BURBERRY GROUP PLC FXIB/USD P    
BYD CO LTD HK/01211 P    
CADENCE DESIGN SYSTEMS INC APERIO GROUP, LLC P    
CAE INC APERIO GROUP, LLC P    
CALIX INC P    
CAMDEN PROPERTY TRUST APERIO GROUP, LLC P    
CAMECO CORP APERIO GROUP, LLC P    
CANADIAN IMPERIAL BANK OF COMM APERIO GROUP, LLC P    
CAPGEMINI SE FXIB/USD P    
CARLISLE COS INC APERIO GROUP, LLC P    
CASH IN LIEU OF FRACTIONAL SHA DANAHER CORP P    
CASH IN LIEU OF FRACTIONAL SHA GENERAL ELECTRIC CO P    
CASH IN LIEU OF FRACTIONAL SHA KONINKLIJKE PHILIPS NV P    
CASH IN LIEU OF FRACTIONAL SHA PROSUS NV P    
CASH IN LIEU OF FRACTIONAL SHA THOMSON REUTERS CORP P    
CATHAY GENERAL BANCORP APERIO GROUP, LLC P    
CBRE GROUP INC APERIO GROUP, LLC P    
CENTENE CORP APERIO GROUP, LLC P    
CHAMPIONX CORP APERIO GROUP, LLC P    
CHARLES SCHWAB CORP/THE P    
CHART INDUSTRIES INC APERIO GROUP, LLC P    
CHIPOTLE MEXICAN GRILL INC APERIO GROUP, LLC P    
CHR HANSEN HOLDING A/S P    
CHR HANSEN HOLDING A/S FXIB/USD P    
CHURCH & DWIGHT CO INC APERIO GROUP, LLC P    
CIE FINANCIERE RICHEMONT SA P    
CIGNA GROUP/THE APERIO GROUP, LLC P    
CINTAS CORP APERIO GROUP, LLC P    
CISCO SYSTEMS INC APERIO GROUP, LLC P    
CITIGROUP INC P    
CITIGROUP INC APERIO GROUP, LLC P    
CLOROX CO/THE APERIO GROUP, LLC P    
CME GROUP INC APERIO GROUP, LLC P    
CNH INDUSTRIAL NV APERIO GROUP, LLC P    
COCA-COLA EUROPACIFIC PARTNERS APERIO GROUP, LLC P    
COGNIZANT TECHNOLOGY SOLUTIONS APERIO GROUP, LLC P    
COHERENT CORP APERIO GROUP, LLC P    
COLOPLAST A/S ADR P    
COMCAST CORP APERIO GROUP, LLC P    
COMERICA INC APERIO GROUP, LLC P    
COMPASS GROUP PLC P    
COMPUTERSHARE LTD FXIB/USD P    
CORTEVA INC APERIO GROUP, LLC P    
COSTCO WHOLESALE CORP APERIO GROUP, LLC P    
COTERRA ENERGY INC APERIO GROUP, LLC P    
CR INTEREST-ACCOUNT 1045768260 GBP CURRENCY AT BROKER P    
CREDIT SUISSE GROUP AG ADR P    
CROWN CASTLE INC APERIO GROUP, LLC P    
CTF EMERGING LCL DBT P    
CUMMINS INC APERIO GROUP, LLC P    
CVS HEALTH CORP APERIO GROUP, LLC P    
DAIKIN INDUSTRIES LTD ADR P    
DAIMLER TRUCK HOLDING AG P    
DAIWA HOUSE INDUSTRY CO LTD ADR P    
DANAHER CORP P    
DANAHER CORP APERIO GROUP, LLC P    
DANONE SA P    
DANONE SA FXIB/USD P    
DASSAULT SYST SHS P    
DATADOG INC APERIO GROUP, LLC P    
DBS GROUP HOLDINGS LTD ADR P    
DECKERS OUTDOOR CORP APERIO GROUP, LLC P    
DEERE & CO P    
DEERE & CO APERIO GROUP, LLC P    
DELIVER SHARES FOR XXX-XX-XXXX THOMSON REUTERS CORP P    
DELL TECHNOLOGIES INC P    
DELL TECHNOLOGIES INC APERIO GROUP, LLC P    
DENTSPLY SIRONA INC P    
DENTSU GROUP INC FXIB/USD P    
DEUTSCHE BOERSE AG P    
DEUTSCHE BOERSE AG FXIB/USD P    
DEUTSCHE POST AG ADR P    
DEVON ENERGY CORP APERIO GROUP, LLC P    
DEXCOM INC APERIO GROUP, LLC P    
DIAMONDBACK ENERGY INC APERIO GROUP, LLC P    
DISCOVER FINANCIAL SERVICES APERIO GROUP, LLC P    
DOCUSIGN INC APERIO GROUP, LLC P    
DODGE & COX GLOBAL STOCK-I P    
DR INTEREST-ACCOUNT 1045737560 CHF (SWISS FRANC) P    
DREYFUS CASH MGMT INSTL FD 288 P    
DSM-FIRMENICH AG P    
DXC TECHNOLOGY CO APERIO GROUP, LLC P    
EAST JAPAN RAILWAY CO FXIB/USD P    
EAST WEST BANCORP INC APERIO GROUP, LLC P    
EATON CORP PLC APERIO GROUP, LLC P    
EDISON INTERNATIONAL APERIO GROUP, LLC P    
ELECTRONIC ARTS INC APERIO GROUP, LLC P    
ELEVANCE HEALTH INC P    
ELEVANCE HEALTH INC APERIO GROUP, LLC P    
ELI LILLY & CO APERIO GROUP, LLC P    
EMERGING MARKETS EQUITY FOCUS PORTFOLIO FUND P    
EOG RESOURCES INC APERIO GROUP, LLC P    
EPAM SYSTEMS INC APERIO GROUP, LLC P    
EPIROC AB ADR P    
EQUINOR ASA ADR P    
EQUITY RESIDENTIAL APERIO GROUP, LLC P    
ERIE INDEMNITY CO APERIO GROUP, LLC P    
ERSTE GROUP BANK AG P    
ESTEE LAUDER COS INC/THE APERIO GROUP, LLC P    
EVERSOURCE ENERGY APERIO GROUP, LLC P    
EXACT SCIENCES CORP APERIO GROUP, LLC P    
EXPEDIA GROUP INC P    
EXPEDIA GROUP INC APERIO GROUP, LLC P    
EXPEDITORS INTERNATIONAL OF WA APERIO GROUP, LLC P    
EXPERIAN PLC P    
EXPERIAN PLC ADR P    
FERGUSON PLC FXIB/USD P    
FIDELITY NATIONAL INFORMATION APERIO GROUP, LLC P    
FIFTH THIRD BANCORP APERIO GROUP, LLC P    
FIRST HAWAIIAN INC APERIO GROUP, LLC P    
FLEX LTD P    
FLUOR CORP APERIO GROUP, LLC P    
FORD MOTOR CO APERIO GROUP, LLC P    
FORTESCUE METALS GROUP LTD FXIB/USD P    
FORTINET INC APERIO GROUP, LLC P    
FRACTIANAL ADJUSTMENT GE HEALTHCARE INC P    
FRACTIONAL ADJ. HISTORICAL THOMSON REUTERS CORP P    
FRACTIONAL WO CLEARANCE PROSUS NV P    
FRANCO-NEVADA CORP APERIO GROUP, LLC P    
FUTU HOLDINGS LTD ADR P    
GALP ENERGIA SGPS SA FXIB/USD P    
GARTNER INC APERIO GROUP, LLC P    
GE HEALTHCARE INC APERIO GROUP, LLC P    
GECINA SA FXIB/USD P    
GENERAL ELECTRIC CO APERIO GROUP, LLC P    
GENERAL MILLS INC APERIO GROUP, LLC P    
GENMAB A/S FXIB/USD P    
GERRESHEIMER AG P    
GILEAD SCIENCES INC APERIO GROUP, LLC P    
GLDMN SCHS CORE FXD INC-INST P    
GLDMN SCHS TCT TLT OVRLY-R6 P    
GLENCORE PLC FXIB/USD P    
GLOBAL PAYMENTS INC APERIO GROUP, LLC P    
GROUPE BRUXELLES LAMBERT NV P    
GSK PLC ADR P    
GUARDANT HEALTH INC APERIO GROUP, LLC P    
H & M HENNES & MAURITZ AB FXIB/USD P    
HALEON PLC P    
HALLIBURTON CO APERIO GROUP, LLC P    
HANG SENG BANK LTD HK/00011 P    
HANNOVER RUECK SE FXIB/USD P    
HARGREAVES LANSDOWN PLC FXIB/USD P    
HARLEY-DAVIDSON INC APERIO GROUP, LLC P    
HARTFORD FINANCIAL SERVICES GR APERIO GROUP, LLC P    
HDFC BANK LTD ADR P    
HEIDELBERG MATERIALS AG P    
HEIDELBERGCEMENT AG P    
HENKEL AG & CO KGAA FXIB/USD P    
HERBALIFE NUTRITION LTD APERIO GROUP, LLC P    
HERMES INTERNATIONAL FXIB/USD P    
HEXCEL CORP P    
HITACHI LTD ADR P    
HOME DEPOT INC/THE APERIO GROUP, LLC P    
HONEYWELL INTERNATIONAL INC APERIO GROUP, LLC P    
HORMEL FOODS CORP APERIO GROUP, LLC P    
HUBSPOT INC APERIO GROUP, LLC P    
HUMANA INC APERIO GROUP, LLC P    
ICON PLC P    
IMPERIAL BRANDS PLC ADR P    
IMPERIAL OIL LTD P    
INFINEON TECHNOLOGIES AG P    
ING GROEP NV P    
INSULET CORP APERIO GROUP, LLC P    
INTEL CORP APERIO GROUP, LLC P    
INTERNATIONAL BUSINESS MACHINE APERIO GROUP, LLC P    
INTERPUBLIC GROUP OF COS INC/T APERIO GROUP, LLC P    
INTUIT INC P    
INTUIT INC APERIO GROUP, LLC P    
J M SMUCKER CO/THE APERIO GROUP, LLC P    
JACOBS SOLUTIONS INC APERIO GROUP, LLC P    
JAPAN TOBACCO INC FXIB/USD P    
JEFFERIES FINANCIAL GROUP INC APERIO GROUP, LLC P    
JOHNSON & JOHNSON P    
JOHNSON & JOHNSON APERIO GROUP, LLC P    
JOHNSON CONTROLS INTERNATIONAL APERIO GROUP, LLC P    
JOHNSON MATTHEY PLC FXIB/USD P    
JONES LANG LASALLE INC APERIO GROUP, LLC P    
JPMORGAN CHASE & CO APERIO GROUP, LLC P    
KERING SA FXIB/USD P    
KEYSIGHT TECHNOLOGIES INC P    
KION GROUP AG FXIB/USD P    
KLA CORP APERIO GROUP, LLC P    
KOMATSU LTD FXIB/USD P    
KONE OYJ ADR P    
KONINKLIJKE DSM NV P    
KONINKLIJKE PHILIPS NV P    
KROGER CO/THE APERIO GROUP, LLC P    
L3HARRIS TECHNOLOGIES INC APERIO GROUP, LLC P    
LABORATORY CORP OF AMERICA HOL APERIO GROUP, LLC P    
LAM RESEARCH CORP P    
LAM RESEARCH CORP APERIO GROUP, LLC P    
LAWSON INC FXIB/USD P    
LEGRAND SA FXIB/USD P    
LEIDOS HOLDINGS INC APERIO GROUP, LLC P    
LINCOLN NATIONAL CORP APERIO GROUP, LLC P    
LIVE NATION ENTERTAINMENT INC APERIO GROUP, LLC P    
LLOYDS BANKING GROUP PLC P    
LOCKHEED MARTIN CORP APERIO GROUP, LLC P    
LONDON STOCK EXCHANGE GROUP PL P    
LONDON STOCK EXCHANGE GROUP PL ADR P    
LONG-TERM CAPITAL GAINS DISTRI BOSTON TR WALDEN SM CAP P    
LOREAL SA ADR P    
LUMENTUM HOLDINGS INC P    
LUXOR CAPITAL PARTNERS OFFSHORE LTDD P    
LVMH MOET HENNESSY LOUIS VUITT FXIB/USD P    
M3 INC ADR P    
MACQUARIE GROUP LTD FXIB/USD P    
MACY'S INC APERIO GROUP, LLC P    
MARATHAN EMD P    
MARKEL GROUP INC APERIO GROUP, LLC P    
MARSH & MCLENNAN COS INC P    
MARSH & MCLENNAN COS INC APERIO GROUP, LLC P    
MARUBENI CORP ADR P    
MARVELL TECHNOLOGY INC APERIO GROUP, LLC P    
MASTEC INC APERIO GROUP, LLC P    
MASTERCARD INC APERIO GROUP, LLC P    
MATCH GROUP INC APERIO GROUP, LLC P    
MATTEL INC APERIO GROUP, LLC P    
MCCORMICK & CO INC/MD APERIO GROUP, LLC P    
MCDONALD'S CORP APERIO GROUP, LLC P    
MCKESSON CORP APERIO GROUP, LLC P    
MERCK & CO INC APERIO GROUP, LLC P    
MERCK KGAA FXIB/USD P    
META PLATFORMS INC P    
META PLATFORMS INC APERIO GROUP, LLC P    
METLIFE INC APERIO GROUP, LLC P    
MICHELIN (CGDE) EUR0.50 (POST SUBDIVISION) P    
MICROSOFT CORP P    
MICROSOFT CORP APERIO GROUP, LLC P    
MITSUBISHI HEAVY INDUSTRIES LT FXIB/USD P    
MITSUI & CO LTD FXIB/USD P    
MIZUHO FINANCIAL GROUP INC FXIB/USD P    
MODERNA INC APERIO GROUP, LLC P    
MONGODB INC APERIO GROUP, LLC P    
MONOLITHIC POWER SYSTEMS INC APERIO GROUP, LLC P    
MOODY'S CORP APERIO GROUP, LLC P    
MORGAN STANLEY APERIO GROUP, LLC P    
MSCI EAFE INDX NL CTF ECTF GSCGFDN ECTF P    
MSCI INC P    
NATIONAL AUSTRALIA BANK LTD ADR P    
NATIONAL AUSTRALIA BANK LTD FXIB/USD P    
NCR CORP APERIO GROUP, LLC P    
NEG INT DEP-ACCOUNT 1045757560 CHF (SWISS FRANC) P    
NETFLIX INC APERIO GROUP, LLC P    
NEW JERSEY RESOURCES CORP APERIO GROUP, LLC P    
NEW YORK TIMES CO/THE APERIO GROUP, LLC P    
NEXT PLC FXIB/USD P    
NEXTERA ENERGY INC P    
NIKE INC APERIO GROUP, LLC P    
NINTENDO CO LTD P    
NINTENDO CO LTD ADR P    
NIPPON PROLOGIS REIT INC FXIB/USD P    
NIPPON TELEGRAPH & TELEPHONE C FXIB/USD P    
NORTHERN TRUST CORP APERIO GROUP, LLC P    
NOV INC APERIO GROUP, LLC P    
NOVARTIS AG P    
NOVO NORDISK A/S ADR P    
NVIDIA CORP APERIO GROUP, LLC P    
NXP SEMICONDUCTORS NV P    
OMNICOM GROUP INC APERIO GROUP, LLC P    
OMRON CORP FXIB/USD P    
ON SEMICONDUCTOR CORP P    
ONO PHARMACEUTICAL CO LTD ADR P    
ORACLE CORP APERIO GROUP, LLC P    
ORIENTAL LAND CO LTD/JAPAN FXIB/USD P    
ORMAT TECHNOLOGIES INC APERIO GROUP, LLC P    
ORRON ENERGY AB FXIB/USD P    
ORSTED AS P    
ORSTED AS FXIB/USD P    
OTIS WORLDWIDE CORP APERIO GROUP, LLC P    
OWNERSHIP CAPITAL GLOBAL EQUITY (USD) FUND L.P. P    
OZ MASTER FUND P    
OZ MASTER FUND COST ADJ P    
PACIFIC ASSET MANAGEMENT BANK LOAN FUND LP - INSTITUTIONAL P    
PALMETTO FUND LTD P    
PALO ALTO NETWORKS INC P    
PARTNERS GROUP HOLDING AG P    
PARTNERS GROUP HOLDING AG FXIB/USD P    
PAYPAL HOLDINGS INC APERIO GROUP, LLC P    
PEARSON PLC FXIB/USD P    
PEPSICO INC APERIO GROUP, LLC P    
PETCO HEALTH & WELLNESS CO INC APERIO GROUP, LLC P    
PNC FINANCIAL SERVICES GROUP I APERIO GROUP, LLC P    
POSTE ITALIANE SPA FXIB/USD P    
PPG INDUSTRIES INC APERIO GROUP, LLC P    
PRINCIPAL FINANCIAL GROUP INC APERIO GROUP, LLC P    
PRIVATE CR MGRS IV P    
PROCTER & GAMBLE CO/THE P    
PROCTER & GAMBLE CO/THE APERIO GROUP, LLC P    
PROGRESSIVE CORP/THE P    
PROLOGIS INC APERIO GROUP, LLC P    
PRUDENTIAL FINANCIAL INC APERIO GROUP, LLC P    
PRUDENTIAL PLC FXIB/USD P    
PUBLICIS GROUPE SA FXIB/USD P    
QUALCOMM INC APERIO GROUP, LLC P    
RANGE RESOURCES CORP APERIO GROUP, LLC P    
RAYMOND JAMES FINANCIAL INC APERIO GROUP, LLC P    
RAYTHEON TECHNOLOGIES CORP APERIO GROUP, LLC P    
RBC BLUEBAY HI YLD BND-I P    
REALTY INCOME CORP APERIO GROUP, LLC P    
RECEIVE SHARES FOR XXX-XX-XXXX THOMSON REUTERS CORP P    
REGENERON PHARMACEUTICALS INC APERIO GROUP, LLC P    
RELIANCE STEEL & ALUMINUM CO APERIO GROUP, LLC P    
RELX PLC ADR P    
RENAULT SA FXIB/USD P    
RESMED INC APERIO GROUP, LLC P    
ROCHE HOLDING AG ADR P    
ROCHE HOLDING AG FXIB/USD P    
ROYAL BANK OF CANADA APERIO GROUP, LLC P    
ROYAL GOLD INC APERIO GROUP, LLC P    
S&P 500 R INDX NL CTF CM10CTF GSCGFDN CM10CTF P    
S&P GLOBAL INC APERIO GROUP, LLC P    
SALESFORCE INC APERIO GROUP, LLC P    
SAMSUNG ELECTRONICS CO LTD GDR P    
SANDOZ GROUP AG P    
SANDOZ GROUP AG ADR P    
SANDVIK AB FXIB/USD P    
SAP SE ADR P    
SCHIBSTED ASA FXIB/USD P    
SEA LTD ADR P    
SEAGEN INC C/DECL// US81181C104513280714 P    
SENSATA TECHNOLOGIES HOLDING P P    
SEVEN & I HOLDINGS CO LTD ADR P    
SEVERN TRENT PLC FXIB/USD P    
SGS SA ADR P    
SGS SA CHF0.04 FXIB/USD P    
SHELL PLC P    
SHISEIDO CO LTD FXIB/USD P    
SHOPIFY INC APERIO GROUP, LLC P    
SHORT-TERM CAPITAL GAINS DISTR BOSTON TR WALDEN SM CAP P    
SIEMENS AG FXIB/USD P    
SIKA AG FXIB/USD P    
SILVER POINT CAP OFFSHORE FD LTD P    
SKANSKA AB FXIB/USD P    
SMC CORP P    
SNOWFLAKE INC APERIO GROUP, LLC P    
SODEXO SA P    
SOFTBANK GROUP CORP FXIB/USD P    
SOLAREDGE TECHNOLOGIES INC APERIO GROUP, LLC P    
SONIC HEALTHCARE LTD ADR P    
SONY GROUP CORP ADR P    
SOUTHWEST AIRLINES CO P    
SOUTHWESTERN ENERGY CO APERIO GROUP, LLC P    
SPECTRUM BRANDS HOLDINGS INC APERIO GROUP, LLC P    
SSGA LONG US TREASURY INDEX SECURITIES LENDING QP COMMON T P    
STANLEY BLACK & DECKER INC APERIO GROUP, LLC P    
STARBUCKS CORP APERIO GROUP, LLC P    
STATE STREET CORP APERIO GROUP, LLC P    
STEADFAST COST ADJ P    
STERIS PLC P    
STOCK DIVIDEND 217% EX 14SEP, FRACADJ:RAF-ERU-IAS-10685408 P    
STRYKER CORP APERIO GROUP, LLC P    
SUNTORY BEVERAGE & FOOD LTD FXIB/USD P    
SVB FINANCIAL GROUP P    
SWATCH GROUP AG/THE P    
SYSCO CORP APERIO GROUP, LLC P    
TAIWAN SEMICONDUCTOR MANUFACTU ADR P    
TAKEDA PHARMACEUTICAL CO LTD FXIB/USD P    
TAPESTRY INC APERIO GROUP, LLC P    
TD SYNNEX CORP APERIO GROUP, LLC P    
TECK RESOURCES LTD APERIO GROUP, LLC P    
TELEFONICA BRASIL SA ADR P    
TELEPERFORMANCE SE FXIB/USD P    
TEREX CORP APERIO GROUP, LLC P    
TERUMO CORP FXIB/USD P    
TESLA INC APERIO GROUP, LLC P    
TETRA TECH INC P    
TEXAS INSTRUMENTS INC APERIO GROUP, LLC P    
THERMO FISHER SCIENTIFIC INC APERIO GROUP, LLC P    
TJX COS INC/THE APERIO GROUP, LLC P    
T-MOBILE US INC APERIO GROUP, LLC P    
TO MATCH WITH WO -SW VERALTO CORP P    
TOKYO ELECTRON LTD ADR P    
TOMRA SYSTEMS ASA P    
TOPBUILD CORP P    
TORONTO-DOMINION BANK/THE APERIO GROUP, LLC P    
TOTALENERGIES SE P    
TOTALENERGIES SE ADR P    
TOYOTA TSUSHO CORP FXIB/USD P    
TRADE DESK INC/THE APERIO GROUP, LLC P    
TRANE TECHNOLOGIES PLC APERIO GROUP, LLC P    
TRAVEL + LEISURE CO APERIO GROUP, LLC P    
TRAVELERS COS INC/THE APERIO GROUP, LLC P    
TRUIST FINANCIAL CORP APERIO GROUP, LLC P    
UBER TECHNOLOGIES INC APERIO GROUP, LLC P    
UBS GROUP AG P    
UMICORE SA FXIB/USD P    
UNILEVER PLC P    
UNILEVER PLC ADR P    
UNITED PARCEL SERVICE INC APERIO GROUP, LLC P    
UNITED RENTALS INC APERIO GROUP, LLC P    
UNUM GROUP APERIO GROUP, LLC P    
US BANCORP APERIO GROUP, LLC P    
VALUEACT CAP PARTNERS II P    
VANGUARD BG GLBL POST IM-INV CAR64F0370ED6A8.P004 P    
VERALTO CORP APERIO GROUP, LLC P    
VERIZON COMMUNICATIONS INC APERIO GROUP, LLC P    
VF CORP APERIO GROUP, LLC P    
VIASAT INC APERIO GROUP, LLC P    
VISA INC P    
VISA INC APERIO GROUP, LLC P    
VMWARE INC APERIO GROUP, LLC P    
VOLKSWAGEN AG ADR P    
VOLVO AB FXIB/USD P    
VONOVIA SE FXIB/USD P    
WALGREENS BOOTS ALLIANCE INC APERIO GROUP, LLC P    
WALMART INC APERIO GROUP, LLC P    
WALT DISNEY CO/THE APERIO GROUP, LLC P    
WARTSILA OYJ ABP FXIB/USD P    
WASTE MANAGEMENT INC P    
WATERS CORP APERIO GROUP, LLC P    
WELLS FARGO & CO APERIO GROUP, LLC P    
WELLTOWER INC APERIO GROUP, LLC P    
WEST PHARMACEUTICAL SERVICES I P    
WHARF REAL ESTATE INVESTMENT C HK/01997 P    
WHEATON PRECIOUS METALS CORP APERIO GROUP, LLC P    
WHITBREAD PLC FXIB/USD P    
WILLIS TOWERS WATSON PLC P    
WOLTERS KLUWER NV FXIB/USD P    
WPP PLC ADR P    
WPP PLC FXIB/USD P    
WRITE OFF CAS-9968556-P6K6C0 P    
WW GRAINGER INC APERIO GROUP, LLC P    
XEROX HOLDINGS CORP APERIO GROUP, LLC P    
XYLEM INC/NY P    
ZALANDO SE ADR P    
ZIFF DAVIS INC APERIO GROUP, LLC P    
SALE OF VALUE ACT PARTNERSHIP P    
PARTNERSHIP NII P    
(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 137     137
b 21,570     21,570
c 54,863   38,935 15,928
d 46,967   57,332 -10,365
e 18,776   18,322 454
376,546   345,179 31,367
545,046   602,545 -57,499
42,453   40,173 2,280
78,559   82,474 -3,915
9,584   10,157 -573
164,676   183,407 -18,731
21,031   20,082 949
118,316   321,612 -203,296
345,514   204,504 141,010
19,125   21,858 -2,733
4,379   2,071 2,308
30,235   29,793 442
18,993   12,906 6,087
49,963   43,989 5,974
123,614   109,107 14,507
21,592   24,757 -3,165
59,585   67,205 -7,620
35,248   36,526 -1,278
18,865   17,711 1,154
43,077   58,532 -15,455
12,472   17,430 -4,958
41,316   43,329 -2,013
26,500   28,026 -1,526
202,635   263,722 -61,087
14,594   17,617 -3,023
2,761   1,861 900
19,890   20,002 -112
414,224   451,922 -37,698
160,824   185,582 -24,758
19,008   19,763 -755
18,375   16,536 1,839
109,784   126,733 -16,949
194,334   191,815 2,519
45,110   42,760 2,350
74,888   94,907 -20,019
28,744   32,021 -3,277
69,578   73,520 -3,942
48,512   37,625 10,887
75,697   82,299 -6,602
19,047   18,500 547
18,115   18,241 -126
99,922   82,702 17,220
49,792   46,747 3,045
260,007   231,520 28,487
39,373   41,093 -1,720
46,805   45,996 809
26,653   36,358 -9,705
    17,318 -17,318
42,423   40,371 2,052
18,371   16,016 2,355
50,190   49,710 480
16,234   20,347 -4,113
19,079   14,953 4,126
68,312   53,704 14,608
17,647   21,505 -3,858
81,041   102,711 -21,670
18,894   16,254 2,640
60,257   56,196 4,061
53,115   54,760 -1,645
289,550   189,744 99,806
17,358   20,189 -2,831
24,471   15,361 9,110
31,280   37,564 -6,284
251,359   272,268 -20,909
96,128   88,982 7,146
19,144   25,173 -6,029
19,949   28,359 -8,410
152,240   159,126 -6,886
20,690   19,865 825
114,223   117,118 -2,895
30,013   29,549 464
228,852   196,565 32,287
44,444   53,236 -8,792
19,159   24,270 -5,111
33,072   57,756 -24,684
      0
    21,687 -21,687
    31,011 -31,011
19,518   21,508 -1,990
22,426   24,986 -2,560
    10,851 -10,851
93,719   78,400 15,319
1,679   2,097 -418
17,462   16,447 1,015
12,393   17,853 -5,460
61,356   42,456 18,900
28,087   24,052 4,035
68,070   72,516 -4,446
50,158   34,917 15,241
32,229   31,355 874
14,321   17,732 -3,411
16,892   17,829 -937
71,067   81,007 -9,940
56,957   51,368 5,589
32,670   25,253 7,417
17,749   14,260 3,489
14,069   16,095 -2,026
26,162   26,157 5
36,624   39,926 -3,302
29,903   16,406 13,497
20,749   30,945 -10,196
42,947   50,420 -7,473
31,337   32,329 -992
29     29
20     20
27     27
23     23
32     32
63,572   56,237 7,335
21,269   23,492 -2,223
36,902   38,230 -1,328
17,110   11,593 5,517
45,581   44,957 624
28,283   38,216 -9,933
24,832   16,999 7,833
307,430   327,978 -20,548
92,521   104,124 -11,603
62,517   60,784 1,733
451,222   306,922 144,300
34,691   37,249 -2,558
65,928   60,970 4,958
144,415   155,185 -10,770
333,713   475,172 -141,459
113,465   153,074 -39,609
41,011   32,722 8,289
18,098   18,883 -785
14,514   18,167 -3,653
18,680   16,568 2,112
84,310   90,199 -5,889
15,789   18,832 -3,043
18,644   17,039 1,605
19,428   17,908 1,520
10,062   17,850 -7,788
238,850   196,376 42,474
76,322   63,485 12,837
45,221   53,707 -8,486
103,460   99,378 4,082
59,502   65,679 -6,177
      0
4,951   18,472 -13,521
101,518   135,069 -33,551
1,126,068   1,265,185 -139,117
65,801   65,634 167
121,742   171,589 -49,847
21,668   17,909 3,759
168,033   128,573 39,460
33,222   28,598 4,624
55,471   67,061 -11,590
29,570   29,820 -250
266,546   319,238 -52,692
31,664   35,369 -3,705
387,488   513,461 -125,973
21,331   18,392 2,939
40,024   48,422 -8,398
17,856   10,826 7,030
270,424   244,085 26,339
61,055   65,769 -4,714
    71,064 -71,064
247,807   295,012 -47,205
19,329   18,021 1,308
107,319   152,961 -45,642
27,229   32,716 -5,487
44,509   43,477 1,032
45,878   47,652 -1,774
38,575   35,958 2,617
52,395   53,320 -925
3,044   2,774 270
47,222   44,546 2,676
39,819   40,718 -899
15,152   17,777 -2,625
1,500,000   1,292,443 207,557
      0
43,291,464   43,291,722 -258
254,350   452,973 -198,623
15,479   18,766 -3,287
44,865   47,499 -2,634
67,979   76,487 -8,508
42,791   23,624 19,167
62,064   58,071 3,993
47,162   46,921 241
247,951   205,572 42,379
39,809   38,140 1,669
129,591   77,791 51,800
1,200,000   1,067,166 132,834
48,553   61,727 -13,174
12,333   18,042 -5,709
16,065   17,849 -1,784
20,103   23,011 -2,908
58,090   73,858 -15,768
15,620   18,070 -2,450
472,267   630,249 -157,982
24,390   26,446 -2,056
45,475   57,395 -11,920
17,369   17,940 -571
214,883   286,282 -71,399
19,026   25,818 -6,792
17,900   17,524 376
32,335   30,028 2,307
20,426   18,356 2,070
41,135   40,532 603
22,828   33,117 -10,289
11,946   17,634 -5,688
13,714   18,446 -4,732
320,832   211,659 109,173
11,801   9,362 2,439
18,457   31,249 -12,792
17,539   16,052 1,487
56,613   55,669 944
    19 -19
    31 -31
      0
28,165   33,582 -5,417
4,717   5,458 -741
36,239   26,538 9,701
18,234   17,516 718
36,542   24,935 11,607
59,772   66,089 -6,317
98,145   69,752 28,393
19,113   20,487 -1,374
37,531   31,637 5,894
165,908   226,337 -60,429
44,914   38,699 6,215
2,400,000   2,803,087 -403,087
700,000   697,122 2,878
19,600   25,151 -5,551
19,330   18,046 1,284
84,959   112,176 -27,217
23,013   24,204 -1,191
4,112   5,046 -934
46,248   66,356 -20,108
22,313   21,440 873
86,934   75,905 11,029
149,229   178,901 -29,672
65,570   58,595 6,975
15,396   24,467 -9,071
23,058   22,992 66
25,363   24,643 720
446,357   507,308 -60,951
120,975   111,605 9,370
125,458   135,368 -9,910
41,001   50,323 -9,322
13,316   18,451 -5,135
69,899   56,423 13,476
44,323   37,908 6,415
21,800   18,790 3,010
237,246   276,737 -39,491
68,700   62,223 6,477
20,903   21,898 -995
18,645   11,448 7,197
53,553   40,565 12,988
39,058   39,022 36
34,713   40,852 -6,139
329,827   206,893 122,934
45,288   49,027 -3,739
512,116   599,596 -87,480
8,964   7,359 1,605
145,713   224,554 -78,841
98,944   102,575 -3,631
38,812   36,615 2,197
39,073   34,944 4,129
19,347   16,889 2,458
46,229   44,881 1,348
25,252   30,392 -5,140
37,038   37,135 -97
13,927   17,921 -3,994
10,182   9,498 684
343,007   359,455 -16,448
15,474   17,729 -2,255
28,468   27,007 1,461
18,681   16,485 2,196
191,476   201,673 -10,197
78,877   102,351 -23,474
30,486   29,546 940
9,669   22,124 -12,455
81,808   71,182 10,626
36,955   35,661 1,294
18,122   17,596 526
19,424   30,827 -11,403
164,671   300,326 -135,655
22,048   23,156 -1,108
108,459   132,658 -24,199
32,874   36,643 -3,769
388,393   307,472 80,921
19,179   16,801 2,378
124,912   121,451 3,461
58,278   62,641 -4,363
13,902   17,219 -3,317
76,597   117,071 -40,474
15,343   17,983 -2,640
107,461   110,135 -2,674
40,874   34,347 6,527
142,463   129,293 13,170
21,264   18,763 2,501
19,539     19,539
30,551   27,051 3,500
330,365   563,163 -232,798
14,730     14,730
24,303   21,059 3,244
1,430   1,863 -433
90,373   104,163 -13,790
17,796   18,664 -868
750,000   872,285 -122,285
15,885   16,929 -1,044
164,847   143,513 21,334
19,124   16,105 3,019
31,493   19,445 12,048
17,975   13,383 4,592
36,485   29,217 7,268
21,900   20,351 1,549
10,916   37,288 -26,372
14,902   19,194 -4,292
92,340   101,986 -9,646
93,812   83,440 10,372
58,540   51,318 7,222
122,546   93,498 29,048
27,647   28,804 -1,157
807,044   928,025 -120,981
45,517   42,416 3,101
69,724   81,118 -11,394
31,954   42,001 -10,047
52,163   53,850 -1,687
227,513   204,650 22,863
109,184   67,061 42,123
34,574   22,514 12,060
84,792   69,607 15,185
22,072   27,214 -5,142
19,678   25,893 -6,215
59,309   55,087 4,222
17,357   17,540 -183
52,693   46,302 6,391
627   508 119
57,750   69,994 -12,244
43,190   50,741 -7,551
53,120   58,395 -5,275
14,016   18,423 -4,407
24   24 0
43,103   41,067 2,036
19,573   22,605 -3,032
18,176   20,449 -2,273
41,148   49,350 -8,202
447,821   480,181 -32,360
40,556   54,366 -13,810
529,901   617,663 -87,762
38,433   38,153 280
31,793   49,522 -17,729
17,895   17,206 689
18,932   21,879 -2,947
12,790   8,230 4,560
358,888   313,307 45,581
40,434   27,623 12,811
118,022   72,971 45,051
203,562   203,898 -336
19,113   18,774 339
14,297   24,937 -10,640
132,016   93,907 38,109
18,427   18,508 -81
45,884   35,691 10,193
43,065   39,796 3,269
16,147   17,282 -1,135
1,380   67,403 -66,023
222,288   391,907 -169,619
15,766   26,127 -10,361
20,491   20,901 -410
2,207,900   2,660,533 -452,633
24     24
393     393
15,862   14,894 968
116,227   145,025 -28,798
10,354   8,141 2,213
49,665   75,326 -25,661
19,288   23,080 -3,792
54,920   107,644 -52,724
16,505   17,657 -1,152
19,088   18,565 523
11,745   18,252 -6,507
57,628   65,532 -7,904
35,950   41,552 -5,602
39,929   33,281 6,648
21,619   23,743 -2,124
101,140   98,750 2,390
26,548   25,788 760
20,067   20,293 -226
146,515   100,911 45,604
107,761   120,951 -13,190
73,016   78,871 -5,855
18,060   26,756 -8,696
17,672   16,376 1,296
19,478   23,600 -4,122
38,437   30,769 7,668
49,907   49,759 148
42,059   40,098 1,961
1,500,000   1,691,265 -191,265
38,869   40,084 -1,215
86,766     86,766
29,295   24,606 4,689
81,810   55,680 26,130
19,210   18,591 619
34,175   31,085 3,090
16,912   17,700 -788
20,557   18,659 1,898
21,549   28,253 -6,704
50,331   62,784 -12,453
17,641   18,102 -461
1,200,269   1,008,376 191,893
96,492   102,719 -6,227
24,690   25,154 -464
285,724   330,429 -44,705
84,279   60,797 23,482
8,079   6,647 1,432
57,018   72,753 -15,735
97,277   85,889 11,388
17,547   22,146 -4,599
25,894   33,633 -7,739
21,526   18,804 2,722
325,323   377,130 -51,807
17,920   19,066 -1,146
65,595   81,936 -16,341
19,065   17,798 1,267
29,383   31,532 -2,149
147,104   118,308 28,796
25,556   25,929 -373
18,781   17,694 1,087
12,185     12,185
47,445   47,114 331
35,974   36,714 -740
938,157     938,157
26,055   42,849 -16,794
57,900   63,401 -5,501
19,791   19,202 589
90,901   74,081 16,820
21,579   23,510 -1,931
10,420   19,398 -8,978
19,483   17,551 1,932
73,861   81,764 -7,903
95,527   136,248 -40,721
16,275   17,712 -1,437
26,217   31,241 -5,024
2,495   3,255 -760
24,580   37,247 -12,667
136,690   127,239 9,451
19,209   22,847 -3,638
106,782     106,782
135,739   131,251 4,488
    28 -28
48,718   40,848 7,870
69,662   80,578 -10,916
17,910   585,286 -567,376
12,160   10,322 1,838
40,900   45,149 -4,249
157,059   185,385 -28,326
117,602   111,441 6,161
20,025   17,989 2,036
30,631   30,892 -261
36,482   28,397 8,085
222,657   223,144 -487
11,943   24,580 -12,637
9,136   6,676 2,460
35,767   44,591 -8,824
104,494   147,899 -43,405
50,323   48,345 1,978
51,708   52,404 -696
148,598   163,912 -15,314
18,550   17,552 998
144,237   113,189 31,048
    30 -30
41,191   40,896 295
30,839   47,131 -16,292
25,021   24,798 223
130,692   164,691 -33,999
92,619   83,131 9,488
80,646   81,077 -431
63,807   50,523 13,284
16,961   22,213 -5,252
19,141   14,822 4,319
16,230   17,776 -1,546
42,920   46,636 -3,716
10,959   17,565 -6,606
18,673   14,780 3,893
647,896   491,204 156,692
23,473   22,985 488
18,508   17,070 1,438
18,539   18,334 205
27,343   34,648 -7,305
52,748   27,662 25,086
18,334   17,998 336
41,942   79,829 -37,887
2,410,447   1,458,926 951,521
700,000   967,879 -267,879
25,796   29,010 -3,214
204,574   285,442 -80,868
28,746   41,505 -12,759
18,460   17,453 1,007
53,750   51,852 1,898
40,132   36,766 3,366
19,898   17,743 2,155
22,226   25,297 -3,071
52,380   58,677 -6,297
41,150   77,081 -35,931
16,252   19,902 -3,650
113,538   110,058 3,480
103,032   148,602 -45,570
38,961   49,808 -10,847
57,286   55,156 2,130
18,999   19,478 -479
94,284   109,719 -15,435
19,532   19,342 190
136,952   134,062 2,890
12,262   17,985 -5,723
116,914   97,522 19,392
17,553   18,400 -847
807,162   805,689 1,473
121,184   110,655 10,529
17,106   23,151 -6,045
68,519   90,297 -21,778
      0
54,001   41,007 12,994
14,172   16,927 -2,755
370,714   457,976 -87,262
16,088   17,718 -1,630
32,736   38,547 -5,811
    4,028 -4,028
    613,033 -613,033
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       137
b       21,570
c       15,928
d       -10,365
e       454
      31,367
      -57,499
      2,280
      -3,915
      -573
      -18,731
      949
      -203,296
      141,010
      -2,733
      2,308
      442
      6,087
      5,974
      14,507
      -3,165
      -7,620
      -1,278
      1,154
      -15,455
      -4,958
      -2,013
      -1,526
      -61,087
      -3,023
      900
      -112
      -37,698
      -24,758
      -755
      1,839
      -16,949
      2,519
      2,350
      -20,019
      -3,277
      -3,942
      10,887
      -6,602
      547
      -126
      17,220
      3,045
      28,487
      -1,720
      809
      -9,705
      -17,318
      2,052
      2,355
      480
      -4,113
      4,126
      14,608
      -3,858
      -21,670
      2,640
      4,061
      -1,645
      99,806
      -2,831
      9,110
      -6,284
      -20,909
      7,146
      -6,029
      -8,410
      -6,886
      825
      -2,895
      464
      32,287
      -8,792
      -5,111
      -24,684
      0
      -21,687
      -31,011
      -1,990
      -2,560
      -10,851
      15,319
      -418
      1,015
      -5,460
      18,900
      4,035
      -4,446
      15,241
      874
      -3,411
      -937
      -9,940
      5,589
      7,417
      3,489
      -2,026
      5
      -3,302
      13,497
      -10,196
      -7,473
      -992
      29
      20
      27
      23
      32
      7,335
      -2,223
      -1,328
      5,517
      624
      -9,933
      7,833
      -20,548
      -11,603
      1,733
      144,300
      -2,558
      4,958
      -10,770
      -141,459
      -39,609
      8,289
      -785
      -3,653
      2,112
      -5,889
      -3,043
      1,605
      1,520
      -7,788
      42,474
      12,837
      -8,486
      4,082
      -6,177
      0
      -13,521
      -33,551
      -139,117
      167
      -49,847
      3,759
      39,460
      4,624
      -11,590
      -250
      -52,692
      -3,705
      -125,973
      2,939
      -8,398
      7,030
      26,339
      -4,714
      -71,064
      -47,205
      1,308
      -45,642
      -5,487
      1,032
      -1,774
      2,617
      -925
      270
      2,676
      -899
      -2,625
      207,557
      0
      -258
      -198,623
      -3,287
      -2,634
      -8,508
      19,167
      3,993
      241
      42,379
      1,669
      51,800
      132,834
      -13,174
      -5,709
      -1,784
      -2,908
      -15,768
      -2,450
      -157,982
      -2,056
      -11,920
      -571
      -71,399
      -6,792
      376
      2,307
      2,070
      603
      -10,289
      -5,688
      -4,732
      109,173
      2,439
      -12,792
      1,487
      944
      -19
      -31
      0
      -5,417
      -741
      9,701
      718
      11,607
      -6,317
      28,393
      -1,374
      5,894
      -60,429
      6,215
      -403,087
      2,878
      -5,551
      1,284
      -27,217
      -1,191
      -934
      -20,108
      873
      11,029
      -29,672
      6,975
      -9,071
      66
      720
      -60,951
      9,370
      -9,910
      -9,322
      -5,135
      13,476
      6,415
      3,010
      -39,491
      6,477
      -995
      7,197
      12,988
      36
      -6,139
      122,934
      -3,739
      -87,480
      1,605
      -78,841
      -3,631
      2,197
      4,129
      2,458
      1,348
      -5,140
      -97
      -3,994
      684
      -16,448
      -2,255
      1,461
      2,196
      -10,197
      -23,474
      940
      -12,455
      10,626
      1,294
      526
      -11,403
      -135,655
      -1,108
      -24,199
      -3,769
      80,921
      2,378
      3,461
      -4,363
      -3,317
      -40,474
      -2,640
      -2,674
      6,527
      13,170
      2,501
      19,539
      3,500
      -232,798
      14,730
      3,244
      -433
      -13,790
      -868
      -122,285
      -1,044
      21,334
      3,019
      12,048
      4,592
      7,268
      1,549
      -26,372
      -4,292
      -9,646
      10,372
      7,222
      29,048
      -1,157
      -120,981
      3,101
      -11,394
      -10,047
      -1,687
      22,863
      42,123
      12,060
      15,185
      -5,142
      -6,215
      4,222
      -183
      6,391
      119
      -12,244
      -7,551
      -5,275
      -4,407
      0
      2,036
      -3,032
      -2,273
      -8,202
      -32,360
      -13,810
      -87,762
      280
      -17,729
      689
      -2,947
      4,560
      45,581
      12,811
      45,051
      -336
      339
      -10,640
      38,109
      -81
      10,193
      3,269
      -1,135
      -66,023
      -169,619
      -10,361
      -410
      -452,633
      24
      393
      968
      -28,798
      2,213
      -25,661
      -3,792
      -52,724
      -1,152
      523
      -6,507
      -7,904
      -5,602
      6,648
      -2,124
      2,390
      760
      -226
      45,604
      -13,190
      -5,855
      -8,696
      1,296
      -4,122
      7,668
      148
      1,961
      -191,265
      -1,215
      86,766
      4,689
      26,130
      619
      3,090
      -788
      1,898
      -6,704
      -12,453
      -461
      191,893
      -6,227
      -464
      -44,705
      23,482
      1,432
      -15,735
      11,388
      -4,599
      -7,739
      2,722
      -51,807
      -1,146
      -16,341
      1,267
      -2,149
      28,796
      -373
      1,087
      12,185
      331
      -740
      938,157
      -16,794
      -5,501
      589
      16,820
      -1,931
      -8,978
      1,932
      -7,903
      -40,721
      -1,437
      -5,024
      -760
      -12,667
      9,451
      -3,638
      106,782
      4,488
      -28
      7,870
      -10,916
      -567,376
      1,838
      -4,249
      -28,326
      6,161
      2,036
      -261
      8,085
      -487
      -12,637
      2,460
      -8,824
      -43,405
      1,978
      -696
      -15,314
      998
      31,048
      -30
      295
      -16,292
      223
      -33,999
      9,488
      -431
      13,284
      -5,252
      4,319
      -1,546
      -3,716
      -6,606
      3,893
      156,692
      488
      1,438
      205
      -7,305
      25,086
      336
      -37,887
      951,521
      -267,879
      -3,214
      -80,868
      -12,759
      1,007
      1,898
      3,366
      2,155
      -3,071
      -6,297
      -35,931
      -3,650
      3,480
      -45,570
      -10,847
      2,130
      -479
      -15,435
      190
      2,890
      -5,723
      19,392
      -847
      1,473
      10,529
      -6,045
      -21,778
      0
      12,994
      -2,755
      -87,262
      -1,630
      -5,811
      -4,028
      -613,033
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 -2,404,240
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 73,621
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 73,621
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 73,621
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 86,037
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 96,037
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 22,416
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow22,416 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
Yes
 
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 arrowSEE PART XIV, LINE 2
14
The books are in care ofright arrowKATIE CLARK SIEBEN Telephone no.right arrow (612) 655-5199

Located atright arrowPO BOX 5650MINNEAPOLISMN ZIP+4right arrow554405650
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
COLLEEN MAY DIRECTOR, PRESIDENT
1.00 		0 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
BEN AASE DIRECTOR
1.00 		10,000 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
SHEILA RIGGS DIRECTOR
1.00 		10,000 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
ROGER WATCHORN DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
ANNA RICHO DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
KOJO AMOO-GOTTFRIED DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
SUSAN MERCER DIRECTOR, VICE PRESIDENT
1.00 		0 0 0
PO BOX 5650
MINNEAPOLIS,MN554405650
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
KPMG LLP AUDIT AND TAX SERVICES 91,220
90 S 7TH STREET SUITE 4200
MINNEAPOLIS,MN55402
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
238,196,154
b
Average of monthly cash balances.......................
1b
7,535,243
c
Fair market value of all other assets (see instructions)................
1c
315,331
d
Total (add lines 1a, b, and c).........................
1d
246,046,728
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
246,046,728
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,690,701
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
242,356,027
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
12,117,801
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
12,117,801
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
73,621
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
4,306
c
Add lines 2a and 2b............................
2c
77,927
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
12,039,874
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
12,039,874
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
12,039,874
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
13,314,442
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
13,314,442
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 12,039,874
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......  
b From 2019......  
c From 2020...... 2,511,469
d From 2021......  
e From 2022...... 1,523,891
f Total of lines 3a through e ........ 4,035,360
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 13,314,442
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..... 12,039,874
e Remaining amount distributed out of corpus 1,274,568
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 5,309,928
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,309,928
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020.... 2,511,469
c Excess from 2021....  
d Excess from 2022.... 1,523,891
e Excess from 2023.... 1,274,568
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:
KATIE CLARK SIEBEN INTERIM EXECUTIV
PO BOX 5650
MINNEAPOLIS,MN554405632
(612) 655-5199
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
cAny submission deadlines:
SEE STATEMENT 11
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 12
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KATIE CLARK SIEBEN INTERIM EXECUTIV
PO BOX 5650
MINNEAPOLIS,MN554405632
(612) 655-5199
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
cAny submission deadlines:
SEE STATEMENT 11
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 12
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KATIE CLARK SIEBEN INTERIM EXECUTIV
PO BOX 5650
MINNEAPOLIS,MN554405632
(612) 655-5199
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
cAny submission deadlines:
SEE STATEMENT 11
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 12
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KATIE CLARK SIEBEN INTERIM EXECUTIV
PO BOX 5650
MINNEAPOLIS,MN554405632
(612) 655-5199
bThe form in which applications should be submitted and information and materials they should include:
HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
cAny submission deadlines:
SEE STATEMENT 11
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 12
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

ACES (ATHLETES COMMITTED TO EDUCATING STUDENTS)

1115 E HENNEPIN AVE
MINNEAPOLIS,MN55414 		  PC ACES STEM PROGRAMMING 175,000

ACHIEVE TWIN CITIES

404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC STEM FOR ALL 335,200

ACHIEVE TWIN CITIES

404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC GEMS & GISE 344,802

ACHIEVE TWIN CITIES

404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC CAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS) 708,333

ACHIEVE TWIN CITIES

404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC GEMS & GISE 292,962

APPETITE FOR CHANGE

1200 WEST BROADWAY AVENUE 180
MINNEAPOLIS,MN55411 		  PC APPETITE FOR CHANGE - CHILDHOOD NUTRITION FROM THE GROUND UP 250,000

ARTS PARTNERSHIP

345 WASHINGTON ST
ST PAUL,MN55102 		  PC THE ARTS PARTNERSHIP ROAD TO RECOVERY 155,000

BANYAN FOUNDATION

2529 13TH AVENUE SOUTH
MINNEAPOLIS,MN55404 		  PC BANYAN'S ACES (ADOLESCENT EDUCATION SUPPORT) PROGRAM 70,000

BESTPREP

7100 NORTHLAND CIRCLE NORTH 306
BROOKLYN PARK,MN55428 		  PC BESTPREP'S CLASSROOM PLUS, CLOUD COACH, EMENTORS, AND MINNESOTA BUSINESS VENTURE PROGRAMS 65,000

BIG BROTHERS BIG SISTERS OF THE GREATER TWIN CITIES

2550 UNIVERSITY AVENUE WEST STE
410N
ST PAUL,MN55114 		  PC BBBS BEYOND SCHOOL WALLS AND STEM EXPLORE PROGRAMS 75,000

BLACK MEN TEACH

1001 HIGHWAY 7 SUITE 170L
HOPKINS,MN55305 		  PC BLACK MEN TEACH: DIVERSIFYING THE TEACHER PIPELINE 50,000

BREAKTHROUGH TWIN CITIES

2051 LARPENTEUR AVE E
ST PAUL,MN55109 		  PC INCREASING IMPACT AND COLLEGE ACCESS 217,500

CENTRO TYRONE GUZMAN

1915 CHICAGO AVENUE
MINNEAPOLIS,MN55404 		  PC FAMILY NUTRITION PROGRAM 64,000

CHANGE STARTS WITH COMMUNITY

1201 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC SHILOH CARES FOOD SHELF 200,000

CHANGE STARTS WITH COMMUNITY

1201 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC SHILOH CARES AGRIHOOD 43,145

CHARITIES REVIEW COUNCIL

1915 HIGHWAY 36 W SUITE 33
ROSEVILLE,MN55113 		  PC GENERAL OPERATIONS & STRATEGIC INITIATIVES 15,000

CHILDREN'S THEATRE COMPANY

2400 3RD AVE S
MINNEAPOLIS,MN55404 		  PC 2022-2023 GENERAL OPERATING SUPPORT 50,000

CODE SAVVYTECHNOVATIONMN

PO BOX 16628
SAINT LOUIS PARK,MN55416 		  PC TECHNOVATION[MN] SUSTAINABLE GROWTH TO ADVANCE UNDERREPRESENTED GROUPS IN TECH 130,000

COLLEGE POSSIBLE

755 PRIOR AVENUE N STE 200
SAINT PAUL,MN55104 		  PC COLLEGE POSSIBLE HIGH SCHOOL PROGRAM AND INITIATIVE SUPPORTING STUDENTS INTERESTED IN ATTENDING HBCUS 225,000

COMUNIDADES LATINAS UNIDAS EN SERVICIO

797 EAST 7TH STREET
ST PAUL,MN55106 		  PC YOUTH IN ACTION (YA!) 50,000

DREAM OF WILD HEALTH

1308 E FRANKLIN AVENUE SUITE 203
MINNEAPOLIS,MN55404 		  PC NATIVE YOUTH EDUCATION AND LEADERSHIP PROGRAM 110,000

FEED MY STARVING CHILDREN

401 93RD AVE NW
COON RAPIDS,MN55433 		  PC CARGILL FOUNDATION GIFT IN HONOR OF JAMES YANACEK (JIM LITTLE AWARD) 250

FRIENDS OF THE MISSISSIPPI RIVER

106 W WATER ST STE 600
SAINT PAUL,MN55107 		  PC STEM RIVER STEWARDS (SRS) 75,000

GENESYS WORKS

445 MINNESOTA STREET SUITE 720
ST PAUL,MN55101 		  PC GENESYS WORKS TWIN CITIES COLLEGE AND CAREER CONNECTIONS 60,000

GIRLS ON THE RUN TWIN CITIES INC

3433 BROADWAY ST NE SUITE 430
MINNEAPOLIS,MN55413 		  PC CARGILL FOUNDATION GIFT IN HONOR OF SHIRLEY BOYD (JIM LITTLE AWARD) 250

GREATER TWIN CITIES UNITED WAY

404 S 8TH ST
MINNEAPOLIS,MN55404 		  PC A SYSTEMS CHANGE HUB FOR RACIAL EQUITY IN POSTSECONDARY ATTAINMENT ACROSS THE TWIN CITIES 100,000

GREATER TWIN CITIES UNITED WAY

404 S 8TH ST
MINNEAPOLIS,MN55404 		  PC ANNUAL IMPACT FUND 250,000

GREATER TWIN CITIES UNITED WAY

404 S 8TH ST
MINNEAPOLIS,MN55404 		  PC ANNUAL IMPACT FUND 250,000

GREENLIGHT FUND INC

50 MILK STREET 16TH FLOOR
BOSTON,MA02109 		  PC GREENLIGHT FUND TWIN CITIES 50,000

GUTHRIE THEATER FOUNDATION

818 SOUTH SECOND STREET
MINNEAPOLIS,MN55415 		  PC THE GUTHRIE THEATERS ARTISTIC, EDUCATION, AND COMMUNITY ENGAGEMENT PROGRAMMING 40,000

HANDSON TWIN CITIES

672 TRANSFER ROAD
SAINT PAUL,MN55114 		  PC ONSITE VOLUNTEER PROJECT (SNACK PACKS & WARM WINTER BUNDLES), INVOICE 1171 18,500

HIAWATHA ACADEMIES

1611 E 46TH STREET
MINNEAPOLIS,MN55407 		  PC HIAWATHA THROUGH COLLEGE 175,000

HUNGER IMPACT PARTNERS

111 THIRD AVENUE SOUTH
MINNEAPOLIS,MN55401 		  PC HEALTHY MEALS FOR CHILDREN 75,000

JUNIOR ACHIEVEMENT NORTH

1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC JA NORTH: K-12 TWIN CITIES METRO PROGRAM SUPPORT IN 2021-2022 AND 2022-2023 75,000

JUNIOR ACHIEVEMENT NORTH

1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC JUNIOR ACHIEVEMENT NORTH: 3DE BY JUNIOR ACHIEVEMENT 150,000

KA JOOG NONPROFIT ORGANIZATION

419 CEDAR AVE S STE 257
MINNEAPOLIS,MN55454 		  PC THE TAKEOFF 75,000

KIPP MINNESOTA PUBLIC SCHOOLS

5034 NORTH OLIVER AVENUE
MINNEAPOLIS,MN55430 		  PC KIPP MN ACADEMIC READINESS SUPPORT 60,000

METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION

1256 PENN AVENUE SO SUITE 4800
MINNEAPOLIS,MN55411 		  PC ACCESS TO CAPITAL 2025 50,000

MIGIZI COMMUNICATIONS INC

1845 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GREEN JOBS PATHWAY 100,000

MINNEAPOLIS SOCIETY OF FINE ARTS

2400 3RD AVE S
MINNEAPOLIS,MN55404 		  PC FY23 GENERAL OPERATIONS 50,000

MINNESOTA CHILDREN'S MUSEUM

10 WEST 7TH STREET
ST PAUL,MN55102 		  PC PLAY FOR ALL ACCESS PROGRAM SUPPORT 20,000

MINNESOTA COUNCIL OF NONPROFITS

2314 UNIVERSITY AVENUE W SUITE 20
ST PAUL,MN55114 		  PC GENERAL OPERATIONS FY2024 15,000

MINNESOTA COUNCIL ON FOUNDATIONS

800 WASHINGTON AVE N SUITE 703
MINNEAPOLIS,MN55401 		  PC 2023 ANNUAL MCF MEMBERSHIP (INVOICE 226999) 17,500

MINNESOTA HISTORICAL SOCIETY

345 KELLOGG BLVD WEST
SAINT PAUL,MN55102 		  PC GENERAL OPERATING SUPPORT 20,000

MINNESOTA LANDSCAPE ARBORETUM FOUNDATION

3675 ARBORETUM DRIVE
CHASKA,MN55318 		  PC GROWING GOOD URBAN OUTREACH PROGRAM 75,000

MINNESOTA PUBLIC RADIO

KLING PUBLIC MEDIA CENTER
SAINT PAUL,MN55101 		  PC MPR - ARTS/CIVIC OPERATING GRANT 65,000

MINNESOTA STATE HORTICULTURAL SOCIETY

1925 CTY RD B2 STE 125
ROSEVILLE,MN55110 		  PC GARDEN-IN-A-BOX 65,000

MINNESOTA ZOO FOUNDATION

13000 ZOO BOULEVARD
APPLE VALLEY,MN55124 		  PC MINNESOTA ZOO FUND 50,000

NORTHSIDE ACHIEVEMENT ZONE

2123 WEST BROADWAY AVENUE 100
MINNEAPOLIS,MN55411 		  PC FAMILY ACHIEVEMENT COACHING, FAMILY ACADEMY, AND HIGH SCHOOL TO COLLEGE SUCCESS PROGRAM 250,000

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK

1007 WEST BROADWAY AVENUE
MINNEAPOLIS,MN55411 		  PC NEON FOOD INCUBATOR CAMPAIGN 1,000,000

PENUMBRA THEATRE COMPANY INC

270 NORTH KENT STREET
ST PAUL,MN55102 		  PC PENUMBRA FY23 25,000

PERSPECTIVES INC

3381 GORHAM AVE
ST LOUIS PARK,MN55426 		  PC CARGILL KIDS CAFE 150,000

PILLSBURY UNITED COMMUNITIES

3650 FREMONT AVE NO
MINNEAPOLIS,MN55412 		  PC PILLSBURY UNITED HEALTHY FOOD ACCESS PROGRAM AND CEO TRANSITION FUND 325,000

PREPARE AND PROSPER

2610 UNIVERSITY AVENUE WEST SUITE
450
ST PAUL,MN55114 		  PC CARGILL FOUNDATION GIFT IN HONOR OF MARY JO WOOLF (KEN MORITZ AWARD) 500

PROJECT SCIENTIST

PO BOX 515
LAGUNA BEACH,CA92652 		  PC PROJECT SCIENTIST TEACHING INSTITUTE 50,000

PROJECT SUCCESS-STUDENTS UNDERTAKING CREATIVE CONTROL

1 GROVELAND TERRACE SUITE 300
MINNEAPOLIS,MN55403 		  PC CONNECTING HIGH SCHOOL STUDENTS WITH THEIR PURPOSE 175,000

PROVIDERS CHOICE INC

7301 OHMS LANE SUITE 210
MINNEAPOLIS,MN55439 		  PC GROWING HEALTHY COMMUNITIES: BUILDING NUTRITION KNOWLEDGE FOR SUCCESS IN THE CHILD AND ADULT CARE FOOD PROGRAM (CACFP) 100,000

RENEWING THE COUNTRYSIDE II

2637 27TH AVE S SUITE 17
MINNEAPOLIS,MN55406 		  PC HAPPY KIDS, WHOLE VEGGIES: COMMUNITY-BASED SYSTEMS CHANGE FOR OUR YOUNGEST EATERS 100,000

SAINT PAUL & MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101 		  PC COLLEGEBOUND SAINT PAUL 150,000

SAINT PAUL PUBLIC SCHOOLS

360 COLBORNE STREET
SAINT PAUL,MN55102 		  PC GROW OUR OWN 100,000

SCIENCE FROM SCIENTISTS

1 DEANGELO DRIVE SUITE C
BEDFORD,MA01730 		  PC SCIENCE FROM SCIENTISTS DURING-SCHOOL STEM ENRICHMENT PROGRAM IN TWIN CITIES METRO SCHOOLS 2022-2025 120,000

SCIENCE MUSEUM OF MINNESOTA

120 W KELLOGG BLVD
SAINT PAUL,MN55102 		  PC STEM ACCESS AND EQUITY 50,000

SECOND HARVEST HEARTLAND

7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC CHILD HUNGER INITIATIVE AND KITCHEN COALITION 500,000

SECOND HARVEST HEARTLAND

7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC MOONSHOT CAMPAIGN 1,425,000

SERVEMINNESOTA

120 S 6TH STREET SUITE 2260
MINNEAPOLIS,MN55402 		  PC EQUITABLY EXPANDING 4-8 MATH CORPS WITH PARTICIPATORY COMMUNITY RESEARCH 150,000

SMART NORTH

1724 SUMMIT AVE
MINNEAPOLIS,MN55403 		  PC COMMUNITY TECH HUB 125,000

ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT

3395 PLYMOUTH ROAD
MINNETONKA,MN55305 		  PC EARLY CHILDHOOD NUTRITION PROGRAM 125,000

SUMMIT ACADEMY OIC

935 OLSON MEMORIAL HWY
MINNEAPOLIS,MN55405 		  PC SUMMIT NSSTEM'S MOBILE INNOVATION LAB AND TECHCONNECTS! PROGRAM EXPANSIONS 100,000

TEACH FOR AMERICA TWIN CITIES

401 2ND AVE N
MINNEAPOLIS,MN55401 		  PC TFA TWIN CITIES & THE CARGILL FOUNDATION: EQUITABLE ACCESS TO STEM 200,000

THE AFRICAN AMERICAN LEADERSHIP FORUM

PO BOX 582656
MINNEAPOLIS,MN55458 		  PC THE BLACK AGENDA FOR CHANGE 250,000

THE CONSTELLATION FUND

323 N WASHINGTON AVE 2ND FL
MINNEAPOLIS,MN55401 		  PC CONSTELLATION FUND - OPERATING FUND 200,000

THE FOOD GROUP

8501 54TH AVENUE NORTH
NEW HOPE,MN55428 		  PC FREE & AFFORDABLE GROCERIES FOR FAMILIES WITH CHILDREN 225,000

TWIN CITIES PUBLIC TELEVISION

172 EAST FOURTH STREET
ST PAUL,MN55101 		  PC OPERATING SUPPORT FOR TPTS COMPREHENSIVE SERVICES IN FY23 75,000

TWIN CITIES PUBLIC TELEVISION

172 EAST FOURTH STREET
ST PAUL,MN55101 		  PC TPT STEM ACADEMIES 2024-2025 112,500

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN55455 		  PC U-CONNECT: CONNECTING THE DOTS TO PROMOTE HEALTHY EATING AND ACTIVE LIVING 55,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN55455 		  PC THE RAPTOR CENTERS FUTURE STEM LEADERS PROGRAM 159,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN55455 		  PC BELL MUSEUM HANDS-ON STEM LEARNING IN THE COMMUNITY 125,000

URBAN ROOTS

1110 PAYNE AVE
ST PAUL,MN55130 		  PC URBAN ROOTS PROVIDING ACCESS TO FRESH, HEALTHY FOOD AND NUTRITION EDUCATION FOR CHILDREN, YOUTH, AND FAMILIES ON THE EAST SIDE OF ST. PAUL 125,000

URBAN STRATEGIES INC

100 N BROADWAY SUITE 1110
SAINT LOUIS,MN63102 		  PC GREEN GARDEN BAKERY 50,000

URBAN VENTURES LEADERSHIP FOUNDATION

2924 FOURTH AVENUE SOUTH
MINNEAPOLIS,MN55408 		  PC URBAN VENTURES FARM & NUTRITION 200,000

WALKER ART CENTER

725 VINELAND PLACE
MINNEAPOLIS,MN55403 		  PC GENERAL OPERATING SUPPORT 35,000

WALLIN EDUCATION PARTNERS

5200 WILLSON ROAD SUITE 209
MINNEAPOLIS,MN55424 		  PC COLLEGE TO CAREER PROGRAM 50,000

WOMEN'S FOUNDATION OF MINNESOTA

105 FIFTH AVENUE SOUTH SUITE 300
MINNEAPOLIS,MN55401 		  PC GIRLSBEST (GIRLS BUILDING ECONOMIC SUCCESS TOGETHER) 100,000

YMCA OF THE NORTH

651 NICOLLET MALL SUITE 500
MINNEAPOLIS,MN55402 		  PC MEZILE YMCA CHILDHOOD NUTRITION PROGRAM 225,000

YOUTH FARM AND MARKET PROJECT

128 W 33RD ST STE 2
MINNEAPOLIS,MN55408 		  PC COMMUNITY NETWORKS SUPPORTING YOUTH NUTRITION: YOUTH-LED NEIGHBORHOOD NETWORKS LEVERAGING SCHOOL AND COMMUNITY PARTNERSHIPS 100,000

YOUTHPRISE

3001 BROADWAY STREET NE
MINNEAPOLIS,MN55413 		  PC YOUTHPRISE NUTRITION PROGRAM 200,000

YWCA OF MINNEAPOLIS

1130 NICOLLET MALL
MINNEAPOLIS,MN55403 		  PC YWCA MINNEAPOLIS EARLY CHILDHOOD EDUCATION (ECE) NUTRITION PROGRAM 150,000

YWCA OF MINNEAPOLIS

1130 NICOLLET MALL
MINNEAPOLIS,MN55403 		  PC YWCA MINNEAPOLIS CHILDHOOD NUTRITION PROPOSAL 50,000
Total .................................right arrow 3a 13,314,442
bApproved for future payment

ACES (ATHLETES COMMITTED TO EDUCATING STUDENTS)
1115 E HENNEPIN AVE
MINNEAPOLIS,MN55414 		  PC ACES STEM PROGRAMMING 175,000

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC GEMS & GISE 292,962

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC CAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS) 708,333

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC STEM FOR ALL 279,200

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC GEMS & GISE 262,236

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC STEM FOR ALL 285,600

ACHIEVE TWIN CITIES
404 SOUTH 8TH STREET SUITE 105
MINNEAPOLIS,MN55404 		  PC CAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS) 708,334

APPETITE FOR CHANGE INC
1200 WEST BROADWAY AVENUE 180
MINNEAPOLIS,MN55411 		  PC APPETITE FOR CHANGE - CHILDHOOD NUTRITION FROM THE GROUND UP 250,000

BREAKTHROUGH TWIN CITIES
2051 LARPENTEUR AVE E
ST PAUL,MN55109 		  PC INCREASING IMPACT AND COLLEGE ACCESS 217,500

CHANGE STARTS WITH COMMUNITY
1201 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC SHILOH CARES FOOD SHELF 200,000

CHANGE STARTS WITH COMMUNITY
1201 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC SHILOH CARES FOOD SHELF 200,000

CHANGE STARTS WITH COMMUNITY
1201 W BROADWAY AVE
MINNEAPOLIS,MN55411 		  PC SHILOH CARES CAPITAL IMPROVEMENT CAMPAIGN 150,000

FRIENDS OF THE MISSISSIPPI RIVER
106 W WATER ST STE 600
SAINT PAUL,MN55107 		  PC STEM RIVER STEWARDS (SRS) 75,000

GENESYS WORKS
445 MINNESOTA STREET SUITE 720
ST PAUL,MN55101 		  PC GENESYS WORKS TWIN CITIES COLLEGE AND CAREER CONNECTIONS 60,000

GREENLIGHT FUND INC
50 MILK STREET 16TH FLOOR
BOSTON,MA02109 		  PC GREENLIGHT FUND TWIN CITIES 50,000

HIAWATHA ACADEMIES
1611 E 46TH STREET
MINNEAPOLIS,MN55407 		  PC HIAWATHA THROUGH COLLEGE 175,000

HUNGER IMPACT PARTNERS
111 THIRD AVENUE SOUTH
MINNEAPOLIS,MN55401 		  PC HEALTHY MEALS FOR CHILDREN 75,000

JUNIOR ACHIEVEMENT NORTH
1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC JUNIOR ACHIEVEMENT NORTH: 3DE BY JUNIOR ACHIEVEMENT 150,000

JUNIOR ACHIEVEMENT NORTH
1745 UNIVERSITY AVE W
ST PAUL,MN55104 		  PC JUNIOR ACHIEVEMENT NORTH: 3DE BY JUNIOR ACHIEVEMENT 150,000

MINNESOTA LANDSCAPE ARBORETUM FOUNDATION
3675 ARBORETUM DRIVE
CHASKA,MN55318 		  PC GROWING GOOD URBAN OUTREACH PROGRAM 75,000

MINNESOTA STATE HORTICULTURAL SOCIETY
1925 CTY RD B2 STE 125
ROSEVILLE,MN55110 		  PC GARDEN-IN-A-BOX 65,000

NORTHSIDE ACHIEVEMENT ZONE
2123 WEST BROADWAY AVENUE 100
MINNEAPOLIS,MN55411 		  PC FAMILY ACHIEVEMENT COACHING, FAMILY ACADEMY, AND HIGH SCHOOL TO COLLEGE SUCCESS PROGRAM 250,000

PILLSBURY UNITED COMMUNITIES
3650 FREMONT AVE NO
MINNEAPOLIS,MN55412 		  PC PILLSBURY UNITED HEALTHY FOOD ACCESS PROGRAM AND CEO TRANSITION FUND 300,000

PILLSBURY UNITED COMMUNITIES
3650 FREMONT AVE NO
MINNEAPOLIS,MN55412 		  PC PILLSBURY UNITED HEALTHY FOOD ACCESS PROGRAM AND CEO TRANSITION FUND 300,000

PROJECT SUCCESS-STUDENTS UNDERTAKING CREATIVE CONTROL
1 GROVELAND TERRACE SUITE 300
MINNEAPOLIS,MN55403 		  PC CONNECTING HIGH SCHOOL STUDENTS WITH THEIR PURPOSE 175,000

PROVIDERS CHOICE INC
7301 OHMS LANE SUITE 210
MINNEAPOLIS,MN55439 		  PC GROWING HEALTHY COMMUNITIES: BUILDING NUTRITION KNOWLEDGE FOR SUCCESS IN THE CHILD AND ADULT CARE FOOD PROGRAM (CACFP) 100,000

SAINT PAUL & MINNESOTA FOUNDATION
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101 		  PC COLLEGEBOUND SAINT PAUL 150,000

SCIENCE FROM SCIENTISTS INC
1 DEANGELO DRIVE SUITE C
BEDFORD,MA01730 		  PC SCIENCE FROM SCIENTISTS DURING-SCHOOL STEM ENRICHMENT PROGRAM IN TWIN CITIES METRO SCHOOLS 2022-2025 120,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC CHILD HUNGER INITIATIVE AND KITCHEN COALITION 500,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC MOONSHOT CAMPAIGN 2,000,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC MOONSHOT CAMPAIGN 1,750,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC MOONSHOT CAMPAIGN 2,000,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC CHILD HUNGER INITIATIVE AND KITCHEN COALITION 250,000

SECOND HARVEST HEARTLAND
7101 WINNETKA AVE N
BROOKLYN PARK,MN55428 		  PC MOONSHOT CAMPAIGN 1,500,000

SERVEMINNESOTA
120 S 6TH STREET SUITE 2260
MINNEAPOLIS,MN55402 		  PC EQUITABLY EXPANDING 4-8 MATH CORPS WITH PARTICIPATORY COMMUNITY RESEARCH 300,606

ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT
3395 PLYMOUTH ROAD
MINNETONKA,MN55305 		  PC EARLY CHILDHOOD NUTRITION PROGRAM 125,000

SUMMIT ACADEMY OIC
935 OLSON MEMORIAL HWY
MINNEAPOLIS,MN55405 		  PC SUMMIT NSSTEM'S MOBILE INNOVATION LAB AND TECHCONNECTS! PROGRAM EXPANSIONS 100,000

TEACH FOR AMERICA
401 2ND AVE N
MINNEAPOLIS,MN55401 		  PC TFA TWIN CITIES & THE CARGILL FOUNDATION: EQUITABLE ACCESS TO STEM 200,000

THE AFRICAN AMERICAN LEADERSHIP FORUM
PO BOX 582656
MINNEAPOLIS,MN55458 		  PC THE BLACK AGENDA FOR CHANGE 250,000

THE GOOD ACRE
1790 LARPENTER AVE W
ST PAUL,MN55113 		  PC FURTHERING FOOD ACCESS 25,000

TWIN CITIES PUBLIC TELEVISION INC
172 EAST FOURTH STREET
ST PAUL,MN55101 		  PC TPT STEM ACADEMIES 2024-2025 112,500

UNIVERSITY OF MINNESOTA FOUNDATION
200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN55455 		  PC BELL MUSEUM HANDS-ON STEM LEARNING IN THE COMMUNITY 125,000

URBAN ROOTS MN
1110 PAYNE AVE
ST PAUL,MN55130 		  PC URBAN ROOTS PROVIDING ACCESS TO FRESH, HEALTHY FOOD AND NUTRITION EDUCATION FOR CHILDREN, YOUTH, AND FAMILIES ON THE EAST SIDE OF ST. PAUL 125,000

URBAN ROOTS MN
1110 PAYNE AVE
ST PAUL,MN55130 		  PC URBAN ROOTS PROVIDING ACCESS TO FRESH, HEALTHY FOOD AND NUTRITION EDUCATION FOR CHILDREN, YOUTH, AND FAMILIES ON THE EAST SIDE OF ST. PAUL 125,000

URBAN STRATEGIES INC
100 N BROADWAY SUITE 1110
SAINT LOUIS,MN63102 		  PC GREEN GARDEN BAKERY 50,000

URBAN VENTURES LEADERSHIP FOUNDATION
2924 FOURTH AVENUE SOUTH
MINNEAPOLIS,MN55408 		  PC URBAN VENTURES FARM & NUTRITION 200,000

WOMEN'S FOUNDATION OF MINNESOTA
105 FIFTH AVENUE SOUTH SUITE 300
MINNEAPOLIS,MN55401 		  PC GIRLSBEST (GIRLS BUILDING ECONOMIC SUCCESS TOGETHER) 100,000
Total ................................. right arrow 3b 15,837,271
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 ........... 		    14 283,993  
4 Dividends and interest from securities ....     14 4,024,278  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 33,788 18 -1,820,967  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		901101 793 14 -793  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 34,581 2,486,511 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,521,092
(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:
CARGILL FOUNDATION
EIN:
41-6020221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT FEES 91,220 68,415 0 0

TY 2023 GeneralExplanationAttachment
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Identifier Return Reference Explanation
  FORM 990-PF, PART XV, LINE 2C THE CARGILL FOUNDATION HAS KEY DATES FOR GRANT APPLICATIONS IN 2024 FOR THE DIFFERENT TYPE OF GRANTS AS FOLLOWS:FOR THE EDUCATION GRANT TYPE APPLICATIONS ARE SENT TO NONPROFITS (BY INVITATION ONLY) ON AUGUST 5TH. APPLICATIONS ARE DUE ON AUGUST 23RD AND THE GRANTS ARE AWARDED ON OCTOBER 4TH.FOR THE CHILDHOOD NUTRITION GRANT TYPE APPLICATIONS ARE SENT TO NONPROFITS (BY INVITATION ONLY) ON MAY 20TH, APPLICATIONS ARE DUE ON JUNE 7TH AND THE GRANTS ARE AWARDED ON JULY 18TH.THE ARTS & CULTURE AND CAPITAL GRANTS GRANT TYPE ARE BY INVITATION ONLY AND DO NOT HAVE KEY DATES ASSOCIATED WITH THEM.HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
  FORM 990-PF THE CARGILL FOUNDATION PROVIDES SUPPORT TO SELECT NONPROFIT ORGANIZATIONS IN OUR HEADQUARTERS COMMUNITY OF MINNEAPOLIS SAINT PAUL, MN TO MINIMIZE THE OPPORTUNITY GAP FOR OUR LOW-INCOME CHILDREN. WE ARE PART OF AN ECOSYSTEM OF PASSIONATE CHANGE-MAKERS, ADVOCATES, BUSINESSES AND MORE WORKING TO MAKE A DIFFERENCE IN OUR COMMUNITY. WE BELIEVE ALL CHILDREN MUST HAVE NUTRITIOUS FOOD TO FUEL GROWTH AND LEARNING. WE BELIEVE IN EQUITABLE ACCESS TO STEM EDUCATION AS A PATHWAY TO PROSPEROUS CAREERS. WE BELIEVE IN PREPARING AND INSPIRING CHILDREN FOR POST-SECONDARY EDUCATION, CAREERS AND BEYOND. ORGANIZATIONS MUST: BE A REGISTERED NONPROFIT AND HAVE A CURRENT 501(C)(3) PUBLIC CHARITY STATUS FROM THE INTERNAL REVENUE SERVICE (IRS), OR BE A SCHOOL OR AUNIT OF GOVERNMENT. ALIGN WITH CARGILL'S PRINCIPLES AROUND INCLUSION AND DIVERSITY AS EMBODIED IN OUR GUIDING PRINCIPLES AND CODE OF CONDUCT. SERVE THE GEOGRAPHIC AREA IN THE MINNEAPOLIS AND SAINT PAUL TWINCITIES REGION. SUPPORT PROGRAMMING AND/OR INITIATIVES SPECIFIC TO EDUCATION (STEM AND COLLEGE & CAREER READINESS) AND CHILDHOOD NUTRITION PRIMARILY SERVING LOW-INCOME YOUTH IN GRADES K - 12.
  FORM 990, PART VI-A, LINE 11 - SCHEDULE OF CONTROLLED ENTITIES THE CARGILL FOUNDATION OWNS A CONTROLLED ENTITY WITH THE NAME OF EMERGING MARKETS EQUITY FOCUS PORTFOLIO. THE FUND IS LOCATED AT 60 STATE STREET BOSTON, MA 02109 WITH THE EIN OF 88-0618036.

TY 2023 InvestmentsCorpStockSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC 22,728 39,906
ABBVIE INC 120,034 138,078
ACADIAN INTERNATIONAL SMALL CAP FUND 7,086,724 6,862,663
ACCENTURE PLC 803,111 967,810
ACCIONA SA 30,042 21,793
ADIDAS AG 37,043 27,667
ADOBE INC 573,822 661,033
ADVANCED MICRO DEVICES INC 175,388 248,386
ADYEN NV 22,784 15,464
AEROPORTS DE PARIS 26,900 25,375
AFFIRM HOLDINGS INC 5,701 19,017
AFLAC INC 391,914 515,295
AGILENT TECHNOLOGIES INC 72,674 75,910
AIA GROUP LTD ADR 73,969 59,469
AIA GROUP LTD HK/01299 377,301 291,075
AIRBNB INC 80,163 101,560
AIRBUS SE 24,536 29,955
AKER BP ASA 24,096 22,637
ALCON INC 396,813 376,378
ALCON INC 18,640 22,420
ALIBABA GROUP HOLDING LTD HK/09988 1,253,351 727,715
ALLIANZ SE 125,466 136,842
ALLSTATE CORP/THE 68,767 78,949
ALPHABET INC 2,180,473 2,404,763
ALTRIA GROUP INC 277,409 246,881
AMADEUS IT GROUP SA 35,662 40,207
AMADEUS IT GROUP SA ADR 15,374 17,057
AMAZON.COM INC 801,899 877,757
AMERICAN EXPRESS CO 1,119,529 1,250,307
AMERICAN WATER WORKS CO INC 278,254 214,484
AMERIPRISE FINANCIAL INC 101,785 123,445
AMGEN INC 43,652 49,827
AMPOL LTD 68,195 79,378
ANNALY CAPITAL MANAGEMENT INC 18,635 19,060
ANSYS INC 48,342 74,028
APOLLO GLOBAL MANAGEMENT INC 56,163 77,814
APPLE INC 1,677,647 2,028,496
APPLIED MATERIALS INC 53,971 60,614
APTARGROUP INC 27,575 30,163
APTIV PLC 518,615 375,837
ARISTA NETWORKS INC 18,720 28,968
ARISTOCRAT LEISURE LTD 55,436 52,894
ASML HOLDING NV 360,086 416,431
ASML HOLDING NV 191,006 243,728
ASSURED GUARANTY LTD 80,084 112,619
ASTRAZENECA PLC 95,917 105,470
ASX LTD 57,129 41,265
ATLAS COPCO AB 72,177 84,865
AUTOMATIC DATA PROCESSING INC 117,187 126,736
AUTOZONE INC 60,954 77,568
AVANTOR INC 18,146 20,638
AVERY DENNISON CORP 28,739 35,984
AVNET INC 90,135 104,227
BAE SYSTEMS PLC 504,951 919,814
BAE SYSTEMS PLC 32,592 42,923
BAKER HUGHES CO 96,882 122,125
BALL CORP 70,271 70,462
BANK OF AMERICA CORP 338,404 310,909
BANK OF MONTREAL 138,846 131,194
BANK OF NEW YORK MELLON CORP/T 1,523,323 1,573,211
BANK OF NOVA SCOTIA/THE 113,483 94,605
BARRATT DEVELOPMENTS PLC 17,928 22,212
BAXTER INTERNATIONAL INC 42,593 40,864
BAYERISCHE MOTOREN WERKE AG 57,440 61,786
BCE INCBECTON DICKINSON & CO 417,252 409,634
BENTLEY SYSTEMS INC 247,603 259,178
BERKSHIRE HATHAWAY INC 927,320 1,190,888
BHP GROUP LTD 15,173 15,711
BIOGEN INC 44,693 39,074
BIO-RAD LABORATORIES INC 497,004 211,170
BNP PARIBAS SA 74,261 79,096
BOEING CO/THE 120,276 171,514
BOLIDEN AB 84,871 58,045
BOLLORE SE 39,959 44,690
BOOKING HOLDINGS INC 72,838 109,964
BOSTON SCIENTIFIC CORP 61,395 95,387
BOSTON TR WALDEN SM CAP 10,681,187 10,057,734
BP PLC 128,188 157,353
BRAMBLES LTD 10,953 15,293
BRISTOL-MYERS SQUIBB CO 277,591 220,530
BRITISH AMERICAN TOBACCO PLC 59,073 42,998
BROADCOM INC 331,402 603,891
BROADRIDGE FINANCIAL SOLUTIONS 39,086 56,170
BRUKER CORP 276,587 253,873
BYD CO LTD 392,352 384,399
CADENCE DESIGN SYSTEMS INC 85,266 156,340
CALIX INC 336,708 286,869
CAMDEN PROPERTY TRUST 116,008 102,070
CAMECO CORP 29,797 63,486
CARDINAL HEALTH INC 42,094 69,048
CARLISLE COS INC 40,436 50,301
CARMAX INC 17,991 18,111
CATERPILLAR INC 87,250 113,537
CATHAY GENERAL BANCORP 146,877 204,175
CBOE GLOBAL MARKETS INC 94,504 110,172
CBRE GROUP INC 69,435 74,565
CELLNEX TELECOM SA 17,363 17,411
CENTENE CORP 74,386 78,811
CHARLES SCHWAB CORP/THE 696,686 850,230
CHEVRON CORP 81,909 96,059
CHR HANSEN HOLDING A/S 37,180 38,763
CHUGAI PHARMACEUTICAL CO LTD 18,556 26,524
CHURCH & DWIGHT CO INC 14,286 15,224
CIE FINANCIERE RICHEMONT SA 531,220 679,386
CIGNA GROUP/THE 48,081 54,500
CISCO SYSTEMS INC 25,392 23,997
CITIGROUP INC 976,719 730,757
CITY DEVELOPMENTS LTD 21,327 17,140
CLOROX CO/THE 48,705 55,182
COCA-COLA CO/THE 337,160 328,712
COCA-COLA EUROPACIFIC PARTNERS 1,602 1,935
COCHLEAR LTD 62,604 74,590
COGNIZANT TECHNOLOGY SOLUTIONS 126,775 143,885
COLGATE-PALMOLIVE CO 16,585 18,413
COLOPLAST A/S 1,382 1,373
COMCAST CORP 201,516 212,673
COMMONWEALTH BANK OF AUSTRALIA 140,180 154,328
COMPASS GROUP PLC 1,108,172 1,419,347
COMPUTERSHARE LTD 42,155 50,027
CONOCOPHILLIPS 84,565 98,427
CORTEVA INC 52,100 46,722
COSTAR GROUP INC 24,536 34,869
CROWN CASTLE INC 82,566 93,880
CSL LTD 103,818 108,751
CSL LTD 21,301 20,929
CTF EMERGING LCL DBT 5,115,969 4,692,921
CYBERARK SOFTWARE LTD 9,512 15,991
DAIFUKU CO LTD 28,870 24,280
DAIICHI SANKYO CO LTD 28,578 37,380
DAIKIN INDUSTRIES LTD 100,329 81,519
DAIMLER TRUCK HOLDING AG 239,950 325,595
DAIWA HOUSE INDUSTRY CO LTD 132,448 139,390
DAIWA HOUSE INDUSTRY CO LTD 11,324 14,878
DANAHER CORP 734,815 658,856
DANONE SA 1,598,806 1,519,984
DECKERS OUTDOOR CORP 35,571 92,243
DEERE & CO 316,837 348,287
DELIVERY HERO SE 33,130 11,797
DENTSPLY SIRONA INC 773,638 518,190
DEUTSCHE BANK AG 26,792 27,343
DEUTSCHE BOERSE AG 461,920 532,142
DEUTSCHE TELEKOM AG 62,532 84,476
DEVON ENERGY CORP 52,427 45,209
DIAGEO PLC 113,112 95,990
DNB BANK ASA 70,264 66,444
DODGE & COX GLOBAL STOCK-I 7,893,620 9,200,556
DOORDASH INC 52,753 84,452
DSV A/S 59,584 59,377
DSV A/S ADR 10,158 12,473
EATON CORP PLC 72,016 136,545
EBAY INC 83,380 81,788
ECOLAB INC 40,376 52,959
EDISON INTERNATIONAL 186,783 198,885
EDP RENOVAVEIS SA 174,929 198,272
EDWARDS LIFESCIENCES CORP 17,907 17,461
ELANCO ANIMAL HEALTH INC 18,706 34,315
ELECTRONIC ARTS INC 121,452 128,054
ELEMENT SOLUTIONS INC 46,887 60,233
ELEVANCE HEALTH INC 1,328,586 1,550,961
ELI LILLY & CO 240,105 470,999
EMERGING MARKETS EQUITY FOCUS 10,179,525 11,300,356
EQUINOR ASA 72,130 78,847
ESSILORLUXOTTICA SA 44,212 46,741
ESTEE LAUDER COS INC/THE 119,222 68,006
ETSY INC 18,351 18,317
EVERSOURCE ENERGY 242,603 180,531
EXLSERVICE HOLDINGS INC 60,189 57,073
EXPEDIA GROUP INC 709,259 665,903
EXPERIAN PLC 370,756 436,030
FAIR ISAAC CORP 316,377 427,192
FANUC CORP 40,636 29,416
FAST RETAILING CO LTD 65,333 82,647
FISERV INC 43,154 55,793
FLEX LTD 294,895 496,955
FLUTTER ENTERTAINMENT PLC 26,743 33,051
FMC CORP 110,087 64,878
FOOT LOCKER INC 18,795 19,967
FORTESCUE METALS GROUP LTD 63,565 86,257
FORTESCUE METALS GROUP LTD 17,912 28,515
FORTINET INC 143,222 131,810
FORTIVE CORP 77,798 84,527
FOX CORP 18,666 17,001
FRANCO-NEVADA CORP 129,895 107,153
FRANKLIN RESOURCES INC 19,177 23,504
FREEPORT-MCMORAN INC 24,580 26,181
FTI CONSULTING INC 18,035 21,707
FUJITSU LTD 63,015 59,156
GALP ENERGIA SGPS SA 28,686 40,333
GE AEROSPACE 24,856 44,798
GECINA SA 80,468 74,189
GEN DIGITAL INC 23,455 30,761
GENERAL MILLS INC 45,692 42,276
GENERAL MOTORS CO 72,803 63,327
GENMAB A/S 22,179 21,715
GILEAD SCIENCES INC 158,794 193,128
GIVAUDAN SA 109,677 103,487
GLDMN SCHS CORE FXD INC-INST 15,518,302 13,716,145
GLDMN SCHS TCT TLT OVRLY-R6 11,836,042 11,743,266
GLOBAL PAYMENTS INC 75,034 80,264
GROUPE BRUXELLES LAMBERT NV 530,313 381,722
HALEON PLC 340,798 357,657
HALLIBURTON CO 44,787 50,935
HANG SENG BANK LTD 84,425 48,973
HANNOVER RUECK SE 22,251 28,672
HARTFORD FINANCIAL SERVICES GR 249,464 290,493
HASBRO INC 23,138 19,811
HEIDELBERG MATERIALS AG 1,176,523 1,429,851
HEINEKEN NV 718,241 710,220
HENKEL AG & CO KGAA 24,873 21,678
HERMES INTERNATIONAL SCA 82,981 105,980
HEXCEL CORP 289,856 350,755
HITACHI LTD 83,796 100,993
HOME DEPOT INC/THE 19,029 20,100
HONEYWELL INTERNATIONAL INC 133,023 152,879
HP INC 112,489 98,876
HUBSPOT INC 7,531 14,514
ICON PLC 389,355 476,124
ILLINOIS TOOL WORKS INC 131,639 150,092
ILLUMINA INC 58,066 31,607
INDUSTRIA DE DISENO TEXTIL SA ADR 17,868 25,219
INDUSTRIA DE DISENO TEXTIL SA ADR 5,506 10,105
INFINEON TECHNOLOGIES AG 468,390 477,561
INFORMA PLC 21,370 25,564
ING GROEP NV 52,788 55,493
INGERSOLL RAND INC 97,774 132,174
INTEL CORP 54,116 72,260
INTERCONTINENTAL EXCHANGE INC 39,727 44,437
INTERNATIONAL BANCSHARES CORP 47,484 61,653
INTERNATIONAL FLAVORS & FRAGRA 48,290 36,841
INTESA SANPAOLO SPA 40,728 66,299
INTUIT INC 484,167 715,034
INTUITIVE SURGICAL INC 87,057 104,919
INVESTOR AB 174,005 199,050
ITOCHU CORP 36,658 49,088
JAPAN TOBACCO INC 106,741 133,772
JOHNSON & JOHNSON 347,477 352,665
JOHNSON MATTHEY PLC 45,703 39,038
JONES LANG LASALLE INC 72,711 93,302
JPMORGAN CHASE & CO 54,564 64,128
KBR INC 12,027 14,850
KDDI CORP 141,575 146,659
KERING SA 20,617 12,341
KEYENCE CORP 247,634 264,378
KEYSIGHT TECHNOLOGIES INC 525,456 530,247
KOMATSU LTD 50,944 52,319
KONINKLIJKE AHOLD DELHAIZE NV 58,032 51,785
KONINKLIJKE DSM NV 28,692 15,257
KONINKLIJKE PHILIPS NV 1,437,589 1,013,392
KONINKLIJKE PHILIPS NV 17,938 22,140
KOSE CORP 19,212 15,002
KROGER CO/THE 88,920 86,392
KUBOTA CORP 18,420 19,271
KUBOTA CORP 16,345 16,561
KURITA WATER INDUSTRIES LTD 26,157 23,493
L3HARRIS TECHNOLOGIES INC 60,416 74,981
LABORATORY CORP OF AMERICA HOL 244,837 269,793
LAM RESEARCH CORP 501,886 768,378
LAND SECURITIES GROUP PLC 27,917 23,926
LEGRAND SA 25,198 25,883
LINCOLN NATIONAL CORP 22,305 18,690
LITTELFUSE INC 17,890 18,729
LLOYDS BANKING GROUP PLC 541,722 522,913
LONDON STOCK EXCHANGE GROUP PL 460,233 567,834
LONDON STOCK EXCHANGE GROUP PL 19,115 20,926
LOREAL SA 93,878 111,012
LOREAL SA 9,988 11,948
LOWES COS INC 214,094 236,571
LUCID GROUP INC 18,578 10,163
LVMH MOET HENNESSY LOUIS VUITT 159,447 171,799
LYFT INC 52,017 55,673
MANDATUM OYJ 2,016 2,333
MANULIFE FINANCIAL CORP 80,101 95,605
MARATHAN EMD 3,327,715 3,139,527
MARSH & MCLENNAN COS INC 851,605 1,046,822
MARUBENI CORP 66,205 102,747
MARUBENI CORP ADR 6,150 10,749
MARVELL TECHNOLOGY INC 10,645 14,535
MASTEC INC 21,121 21,732
MASTERCARD INC 252,283 306,661
MCCORMICK & CO INC/MD 116,537 91,888
MCKESSON CORP 140,339 186,118
MEDTRONIC PLC 289,648 264,357
MERCEDES-BENZ GROUP AG 103,312 92,381
MERCK & CO INC 59,690 77,186
MERIDIAN ENERGY LTD 55,418 56,750
META PLATFORMS INC 1,436,676 1,840,592
MGM RESORTS INTERNATIONAL 17,950 19,927
MICROSOFT CORP 1,840,731 2,385,598
MITSUBISHI CORP 17,114 23,977
MITSUBISHI ESTATE CO LTD 54,960 56,507
MITSUBISHI HEAVY INDUSTRIES LT 21,459 46,764
MITSUI & CO LTD 87,554 131,529
MIZUHO FINANCIAL GROUP INC 38,980 47,915
MONGODB INC 12,367 13,083
MONOLITHIC POWER SYSTEMS INC 44,318 67,493
MORGAN STANLEY 86,627 101,363
MS&AD INSURANCE GROUP HOLDINGS 88,011 98,347
MSCI EAFE INDX NL CTF ECTF 2,299,492 3,022,344
MSCI INC 593,399 541,893
MTU AERO ENGINES AG 18,139 16,176
NESTE OYJ 288,755 274,826
NESTLE SA 248,330 223,138
NESTLE SA 45,323 44,720
NETFLIX INC 82,031 102,245
NEW JERSEY RESOURCES CORP 23,967 21,978
NEXTERA ENERGY INC 421,003 366,627
NIKE INC 45,470 34,960
NINETY ONE GLBL ENVIRON-INST 4,260,301 3,643,203
NINTENDO CO LTD 338,917 375,832
NINTENDO CO LTD ADR 11,006 13,311
NIPPON PAINT HOLDINGS CO LTD 24,742 25,067
NIPPON TELEGRAPH & TELEPHONE C 60,222 64,163
NOMURA REAL ESTATE HOLDINGS IN 17,740 21,047
NORDEA BANK ABP 33,295 38,179
NORDEA BANK ABP 18,503 23,289
NORTHERN TRUST CORP 140,755 133,405
NORTHROP GRUMMAN CORP 102,767 110,481
NOVARTIS AG 1,126,551 1,435,424
NOVARTIS AG ADR 120,100 143,377
NOVO NORDISK A/S 108,848 205,452
NTT DATA GROUP CORP 76,707 66,643
NVENT ELECTRIC PLC 71,622 96,730
NVIDIA CORP 695,681 1,145,444
NXP SEMICONDUCTORS NV 268,658 307,771
OKTA INC 18,241 23,357
OLYMPUS CORP 19,048 13,490
OMNICOM GROUP INC 86,235 95,767
OMRON CORP 24,937 14,008
ON SEMICONDUCTOR CORP 202,651 260,112
OPEN TEXT CORP 18,277 21,808
ORANGE SA 18,834 18,848
ORIENTAL LAND CO LTD/JAPAN 9,949 11,174
OTIS WORLDWIDE CORP 40,190 43,125
OWNERSHIP CAPITAL GLOBAL 24,690,113 20,866,239
PACIFIC ASSET MANAGEMENT BANK LOAN FUND LP - INSTITUTIONAL 5,287,337 5,978,203
PALO ALTO NETWORKS INC 284,105 441,730
PARTNERS GROUP HOLDING AG 624,533 624,047
PEPSICO INC 185,834 175,105
PFIZER INC 271,343 156,128
PHILIP MORRIS INTERNATIONAL IN 221,191 214,785
PINTEREST INC 21,192 31,706
PIONEER NATURAL RESOURCES CO 110,977 118,962
PLAYTIKA HOLDING CORP 18,732 16,359
PNC FINANCIAL SERVICES GROUP I 153,086 177,613
POSTE ITALIANE SPA 41,490 37,717
POWER INTEGRATIONS INC 42,412 46,310
PPG INDUSTRIES INC 22,445 30,359
PRINCIPAL FINANCIAL GROUP INC 39,259 42,796
PROCTER & GAMBLE CO/THE 721,457 714,236
PROGRESSIVE CORP/THE 607,251 1,008,880
PROSUS NV 56,470 44,743
PRUDENTIAL FINANCIAL INC 207,352 212,398
PRUDENTIAL PLC 34,117 23,118
PUBLICIS GROUPE SA 40,454 57,994
QUALCOMM INC 174,358 162,419
RANGE RESOURCES CORP 38,871 45,569
RAYMOND JAMES FINANCIAL INC 25,018 30,217
RB GLOBAL INC 13,418 14,916
RBC BLUEBAY HI YLD BND-I 12,586,398 11,615,060
REA GROUP LTD 71,311 82,076
REALTY INCOME CORP 296,587 267,807
RECKITT BENCKISER GROUP PLC 660,473 640,572
RECKITT BENCKISER GROUP PLC 22,603 22,387
RECRUIT HOLDINGS CO LTD 88,904 71,905
REGENERON PHARMACEUTICALS INC 46,137 65,872
REINSURANCE GROUP OF AMERICA I 26,421 30,576
RELX PLC 225,169 269,991
RESTAURANT BRANDS INTERNATIONA 18,774 20,079
ROCHE HOLDING AG 168,008 129,563
ROGERS COMMUNICATIONS INC 83,599 84,258
ROYAL BANK OF CANADA 72,727 65,836
S&P 500 R INDX NL CTF 4,941,624 6,156,832
S&P GLOBAL INC 3,515 3,965
SAFRAN SA 57,011 85,079
SAGE GROUP PLC/THE 38,416 45,364
SALESFORCE INC 169,136 205,249
SAMPO PLC NPV A 24,186 22,709
SAMSUNG ELECTRONICS CO LTD 1,644,004 1,628,326
SANDOZ GROUP AG 23 32
SANOFI SA 106,516 109,505
SCHIBSTED ASA 20,219 20,863
SCHLUMBERGER LTD 90,824 122,294
SCHNEIDER ELECTRIC SE 145,983 172,289
SCHRODERS PLC ORD GBP0.20 54,631 39,650
SEB SA 33,616 29,209
SEKISUI HOUSE LTD 43,571 46,653
SERVICENOW INC 31,025 41,683
SEVEN & I HOLDINGS CO LTD 23,618 19,843
SEVEN & I HOLDINGS CO LTD 17,426 15,597
SG HOLDINGS CO LTD 20,172 20,099
SHELL PLC 772,828 995,803
SHERWIN-WILLIAMS CO/THE 93,980 123,824
SHISEIDO CO LTD 20,743 12,064
SHOPIFY INC 67,189 84,599
SIEMENS AG 128,437 155,042
SIEMENS ENERGY AG 37,344 37,262
SINGAPORE TELECOMMUNICATIONS L 35,128 35,540
SMC CORP 443,807 376,167
SMITH & NEPHEW PLC 31,150 26,081
SNAP INC 35,726 55,734
SNOWFLAKE INC 19,549 20,696
SOCIETE GENERALE SA 33,966 25,531
SODEXO SA 358,098 463,841
SOFTBANK GROUP CORP 23,510 22,319
SONOVA HOLDING AG 18,212 23,148
SONY GROUP CORP 46,001 45,925
SOUTHWEST AIRLINES CO 679,433 393,143
SPIRAX-SARCO ENGINEERING PLC 30,063 23,436
SSGA LONG US TREASURY INDEX SECURITIES LENDING QP COMMON T 18,345,051 14,398,306
ST JAMESS PLACE PLC 38,032 16,235
STANDARD CHARTERED PLC 17,868 17,149
STATE STREET CORP 64,473 57,708
STELLANTIS NV 72,433 99,273
STERIS PLC 328,021 342,306
STRYKER CORP 166,887 212,617
SUBARU CORP 16,348 18,343
SUMITOMO CORP 35,969 37,092
SUMITOMO MITSUI FINANCIAL GROU 58,034 63,442
SUN HUNG KAI PROPERTIES LTD 18,046 13,800
SUN LIFE FINANCIAL INC 138,567 145,830
SUNCORP GROUP LTD 37,846 41,015
SUNTORY BEVERAGE & FOOD LTD 19,185 16,492
SWATCH GROUP AG/THE 52,594 51,063
SWISSCOM AG 112,080 114,228
SYNOPSYS INC 29,791 48,402
SYSMEX CORP 39,249 22,295
T ROWE PRICE GROUP INC 20,894 20,892
TAIWAN SEMICONDUCTOR MANUFACTU 556,902 497,120
TAKEDA PHARMACEUTICAL CO LTD 17,596 17,254
TAPESTRY INC 32,394 33,608
TARGET CORP 154,438 139,572
TE CONNECTIVITY LTD 198,695 233,230
TECHTRONIC INDUSTRIES CO LTD 27,961 29,195
TECK RESOURCES LTD 25,411 34,535
TELEFONAKTIEBOLAGET LM ERICSSOTELEFONICA BRASIL SA 17,760 19,012
TELEFONICA SA 54,534 51,636
TELENOR ASA 30,656 22,492
TERUMO CORP 14,864 13,114
TESLA INC 468,794 405,271
TETRA TECH INC 399,531 438,692
TEXAS INSTRUMENTS INC 41,818 40,399
THERMO FISHER SCIENTIFIC INC 33,573 33,440
THOMSON REUTERS CORP 86,735 96,798
TJX COS INC/THE 38,223 49,438
T-MOBILE US INC 22,288 27,577
TOKYO ELECTRON LTD 51,313 53,742
TOLL BROTHERS INC 17,735 31,762
TOMRA SYSTEMS ASA 440,317 202,028
TOPBUILD CORP 216,345 378,751
TORONTO-DOMINION BANK/THE 46,027 46,333
TOTALENERGIES SE 418,407 522,324
TOTALENERGIES SE ADR 201,024 218,715
TOYOTA MOTOR CORP ADR 170,260 187,231
TOYOTA MOTOR CORP ADR 23,405 29,400
TRACTOR SUPPLY CO 37,235 37,845
TRANE TECHNOLOGIES PLC 95,207 133,169
TRAVELERS COS INC/THE 14,378 14,858
TWILIO INC 18,776 23,520
UBER TECHNOLOGIES INC 56,497 116,737
UBS GROUP AG 883,041 1,657,109
UBS GROUP AG 41,053 80,216
ULTA BEAUTY INC 45,123 56,839
UMICORE SA 42,280 31,522
UMICORE SA ADR 11,536 9,298
UNICREDIT SPA 26,061 45,344
UNILEVER PLC 538,409 543,960
UNILEVER PLC ADR 85,148 83,531
UNITED RENTALS INC 37,126 87,733
UNITEDHEALTH GROUP INC 210,336 239,544
VALERO ENERGY CORP 42,597 40,690
VANGUARD BG GLBL POST IM-INV 4,355,099 3,313,016
VERALTO CORP 395,175 380,206
VERIZON COMMUNICATIONS INC 75,767 82,789
VERTEX PHARMACEUTICALS INC 106,913 173,742
VESTAS WIND SYSTEMS A/S 47,443 56,970
VIASAT INC 1,213 1,090
VINCI SA 103,578 120,324
VISA INC 961,144 1,154,652
VODAFONE GROUP PLC 19,614 9,344
VOLKSWAGEN AG 38,434 18,188
VOLVO AB 57,296 66,815
WALT DISNEY CO/THE 54,300 35,665
WARNER BROS DISCOVERY INC 36,863 32,456
WASTE MANAGEMENT INC 511,336 601,060
WATERS CORP 32,277 38,191
WELLS FARGO & CO 82,557 83,329
WELLTOWER INC 129,708 143,911
WESFARMERS LTD 42,844 48,807
WEST PHARMACEUTICAL SERVICES I 281,321 285,217
WHEATON PRECIOUS METALS CORP 21,539 27,680
WHITBREAD PLC 10,634 12,444
WORKDAY INC 56,053 80,610
WPP PLC 77,292 48,150
WSP GLOBAL INC 288,709 287,217
WW GRAINGER INC 6,917 11,602
YASKAWA ELECTRIC CORP 31,361 33,423
YUM! BRANDS INC 196,818 204,744
ZIFF DAVIS INC 37,177 38,030
ZOETIS INC 113,912 139,738
ZURICH INSURANCE GROUP AG 68,884 77,824

TY 2023 InvestmentsOtherSchedule2
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
APTITUDE ALTERNATIVE EQUITY LTD FMV 14,080,000 15,104,247
CASSIOPEIA FUND LIMITED FMV 73,637 48,663
GOLDEN TREE HIGH YIELD FUND FMV 0 16,505
IMPRINT OPPS FMV 1,462,677 1,474,164
LUXOR CAPITAL PARTNERS FMV 0 509,768
OZ MASTER FUND FMV 0 4,155
PRIVATE CR MGRS IV FMV 3,305,311 3,349,951
SILVER POINT CAP OFFSHORE FD FMV 0 49,377
VALUEACT CAP PARTNERS II FMV 30,000 49,193

TY 2023 OtherExpensesSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SUPPLIES & EQUIPMENT 23,856 11,928 0 0
MISCELLANANEOUS EXPENSE 57,063 28,532 0 0
OTHER EXPENSES 0 267,088 0 0


TY 2023 OtherIncomeSchedule2
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 0 198,605  


TY 2023 OtherIncreasesSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Description Amount
IN-KIND AND SERVICE CONTRIBUTIONS 250,796


TY 2023 OtherLiabilitiesSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 117,571 78,455


TY 2023 OtherProfessionalFeesSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ALLIANCE BERNSTEIN 97,329 97,329 0 0
PROFESSIONAL SERVICES 300,106 57,007 0 0
RTI PARTNERS LTD 158,879 158,879 0 0
GOLDMAN SACHS ASSET 485,499 485,499 0 0
WELLINGTON TRUST CO 32,566 32,566 0 0
ACADIAN INTERNATIONAL 44,684 44,684 0 0
OWNERSHIP CAPITAL 109,185 109,185 0 0
PACIFIC ASSET MANAGEMENT 13,166 13,166 0 0
MSCI EAFE INDX NL 686 686 0 0
S&P 500 R INDX NL 294 294 0 0
SSGA LONG US TREASURY 2,674 2,674 0 0
APERIO GROUP 97,740 97,740 0 0


TY 2023 TaxesSchedule
Name:
CARGILL FOUNDATION
EIN:
41-6020221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX EXPENSE 75,887 0 0 0
FOREIGN TAXES PAID 0 70,170 0 0