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
Otter Tail Corporation Foundation
 
% Kristi Flyen
Number and street (or P.O. box number if mail is not delivered to street address)215 South Cascade Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fergus Falls, MN565380496
A Employer identification number

83-1883575
B Telephone number (see instructions)

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$11,302,225J 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) 2,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 279,603 279,603 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
3,885
b Gross sales price for all assets on line 6a 1,133,049
7 Capital gain net income (from Part IV, line 2)... 3,885
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 2,283,488 283,488 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
41,063 41,063 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,823 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
495 247 0 248
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,381 41,310 0 248
25 Contributions, gifts, grants paid....... 388,000 528,000
26 Total expenses and disbursements. Add lines 24 and 25 432,381 41,310 0 528,248
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,851,107
b Net investment income (if negative, enter -0-) 242,178
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............. 0 0 0
2 Savings and temporary cash investments......... 491,490 439,280 439,280
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable................. 0 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0  
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow   0 0  
8 Inventories for sale or use.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule)   0  
b Investments—corporate stock (attach schedule).......   0  
c Investments—corporate bonds (attach schedule).......   0  
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0 0 0
12 Investments—mortgage loans............. 0    
13 Investments—other (attach schedule).......... 7,913,934 Click to see attachment
List of Attached Documents:
// Content
10,862,945 		10,862,945
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow     0  
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,405,424 11,302,225 11,302,225
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 300,000 160,000
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......   0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 300,000 160,000
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........... 8,105,424 11,142,225
25 Net assets with donor restrictions............ 0 0
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,105,424 11,142,225
30 Total liabilities and net assets/fund balances (see instructions). 8,405,424 11,302,225
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
8,105,424
2
Enter amount from Part I, line 27a .....................
2
1,851,107
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,185,694
4
Add lines 1, 2, and 3 ..........................
4
11,142,225
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
11,142,225
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 Public Traded Securities      
b Capital Gains Dividends P 2022-08-16 2023-12-12
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,058,769 0 1,092,024 -33,255
b 37,140 0 0 37,140
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -33,255
b       37,140
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,885
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 0
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 3,366
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  
3 Add lines 1 and 2........................... 3 3,366
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 3,366
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7  
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 3,366
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowOttertail.com (Look under the "About Us" tab for Foundation)
14
The books are in care ofright arrowOtter Tail Corporation Telephone no.right arrow (701) 451-3562

Located atright arrow215 South Cascade StreetFergus FallsMN ZIP+4right arrow565380496
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
Stephanie HoffClick to see attachment
List of Attached Documents:
// Content
President
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN565380496
Kristi FlyenClick to see attachment
List of Attached Documents:
// Content
Treasurer
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN565380496
Craig A BryeClick to see attachment
List of Attached Documents:
// Content
VP
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN565380496
Todd WahlundClick to see attachment
List of Attached Documents:
// Content
Director
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN565380496
NIki VaageneClick to see attachment
List of Attached Documents:
// Content
Secretary
1.00 		0 0 0
215 South Cascade Street
Fergus Falls,MN565384096
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 arrow  
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
9,808,062
b
Average of monthly cash balances.......................
1b
489,104
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
10,297,166
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) Click to see attachment
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,297,166
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
154,457
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,142,709
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
507,135
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
507,135
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,366
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
3,366
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
503,769
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
503,769
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
503,769
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
528,248
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) Click to see attachment
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
528,248
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 7 503,769
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...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 55,251
f Total of lines 3a through e ........ 55,251
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 528,248
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 503,769
e Remaining amount distributed out of corpus 24,479
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 79,730
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 ...... 		79,730
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 55,251
e Excess from 2023.... 24,479
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:
Otter Tail Corporation Foundation
215 South Cascade Street
Fergus Falls,MN565380496
(701) 451-3562
foundation@ottertail.com
bThe form in which applications should be submitted and information and materials they should include:
Otter Tail Corporation Foundation application and grant application are available on website.
cAny submission deadlines:
N A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Limited primarily to funding public charities described in section 501c3 that are in AZ GA IL MN ND SD.
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
Family Core Foundation


330 SW Washington St
Peoria,IL61602 		No Relationship PC Support for family-school liason program 5,000
Life 979 FFMW


6120 53rd Ave S
Fargo,ND58104 		No Relationship PC Giving Hearts Day Match 50
YMCA Cass Clay


4650 38th Ave S Ste 110
Fargo,ND58104 		No Relationship PC Provide life essentials to domestic violence victims 5,000
Georgia Mountain Food Bank


Box 233
Gainesville,GA30504 		No Relationship PC Expand facilities for food shelf 10,000
Village Family Service Center


1201 25th St S
Fargo,ND58103 		No Relationship PC Mental health services 10,000
Hospice of the Red River


1701 38th St S Ste 101
Fargo,ND58103 		No Relationship PC Giving Hearts Day Match 100
Otter Cove Children's Museum


105 W Lincoln Ave
Fergus Falls,MN56538 		No Relationship PC Giving Hearts Day Match 50
BIO Girls


4225 38th St S Suite 101
Fargo,ND58104 		No Relationship PC Giving Hearts Day Match 50
Firstlink


4342 15 Ave S 201A
Fargo,ND58103 		No Relationship PC Giving Hearts Day Match 75
Nat Multiple Schlerosis Society


2829 University Ave SE
Minneapolis,MN55414 		No Relationship PC Giving Hearts Day Match 50
Inspiration Point Christian Camp


16157 County Hwy 65
Vining,MN56588 		No Relationship PC Giving Hearts Day Match 100
TNT Fitness


2800 Main Ave Fargo
Fargo,ND58103 		No Relationship PC Giving Hearts Day Match 100
BIO Girls


4225 38th St S Suite 101
Fargo,ND58104 		No Relationship PC Help girls with mental health 15,000
Lend a Hand Up


4141 28th Ave S
Fargo,ND58104 		No Relationship PC Giving Hearts Day Match 100
Haven


19 8th St S 110
Fargo,ND58103 		No Relationship PC Giving Hearts Day Match 50
Prairie Public Broadcasting


207 N 5th St
Fargo,ND58102 		No Relationship PC Giving Hearts Day Match 50
PAY


15 Broadway N
Fargo,ND58102 		No Relationship PC Giving Hearts Day Match 75
Homeward Animal Shelter


1201 28th Ave N
Fargo,ND58102 		No Relationship PC Giving Hearts Day Match 50
4 LUV of Dog Rescue


1523 23rd St S
Moorhead,MN56560 		No Relationship PC Giving Hearts Day Match 50
Trollwood Performing Arts School


801 50th Ave S
Moorhead,MN56560 		No Relationship PC Giving Hearts Day Match 100
University of North Dakota


276 Centennial Drive
Grand Forks,ND58202 		No Relationship PC Higher Education Match 1,000
Plains Art Museum


704 1st Ave N
Fargo,ND58102 		No Relationship PC Kids Quest - Charitable Cash Contribution 5,000
Glendalough State Park


PO Box 901
Battle Lake,MN56515 		No Relationship PC Citizens Advisory Committee Trail Center & Sunset Lake Trail 15,000
Georgia Family Healthy Alliance


3760 Lavista Rd Suite 100
Tucker,GA30084 		No Relationship PC Anti-Tobacco Education & Prevention program 5,000
YWCA Cass Clay


4650 38th Ave S Suite 110
Fargo,ND58104 		No Relationship PC Charity Choice - Derek Hanson 500
Arts Partnerhsip Red River Valley


1104 2nd Ave S 315
Fargo,ND58103 		No Relationship PC Operating support and advisory work 12,000
Hope Inc


810 4th Ave S Ste 140
Moorhead,MN56560 		No Relationship PC Support people living with physical handicaps 12,500
WAO Education Foundation


PO Box 125
Waren,MN56762 		No Relationship PC Higher Education Match - Kristi Flyen 500
Control Alt Delete LLC


3061 E Mallory St
Meza,AZ85213 		No Relationship PC Abuse victims shelter assistance 3,000
Minnesota Private College Fund


445 Minnesota St Suite 500
St Paul,MN55101 		No Relationship PC Student scholarships 3,000
Dakota Boys and Girls Ranch


PO Box 9156
Fargo,ND58106 		No Relationship PC Facility upgrades for student safety 3,200
Waste Not Inc


1700 N Granite Reef Rd
Scottsdale,AZ85257 		No Relationship PC Funds to be used to secure more food donors 5,000
West Valley Arts Council


16126 N Civic Center Plz Ste 102
Surprise,AZ85374 		No Relationship PC Cultivate inclusive arts and culture in the West Valley by providing resources and fostering connections 3,000
FM Symphony Orchestra


808 3rd Ave S 300
Fargo,ND58103 		No Relationship PC Engage families and young people with strong music education programs in our public schools and colleges 5,000
Phoenix Conservatory of Music


1316 East Cheery Lynn Road
Phoenix,AZ85014 		No Relationship PC Provide music education programs serving children 3,000
Phoenix Child's Hospital Foundation


2929 E Camelback Road Suite 122
Phoenix,AZ85016 		No Relationship PC Patient and Family Assistance Fund to support families who are struggling to maintain their daily expenses and bills while their child receives care at Phoenix Children's 10,000
West Fargo Public Library


215 Third St E
West Fargo,ND58078 		No Relationship PC Charity Choice Matching donation - Charissa Hoglund 500
Trollwood Performing Arts School


801 50th Ave S
Moorhead,MN56560 		No Relationship PC Charity Choice Matching donation - Craig Brye 500
Luthern Brethren Bible Camp


16157 Co Hwy 65
Vining,MN56588 		No Relationship PC Charity Choice Matching donation - James Versteeg 500
Janice's Women's Shelter


20401 N 73rd St Ste 230
Scottsdale,AZ85255 		No Relationship PC Provide counseling food employment clothing housing and emergency services to victims of domestic violence and homelessness 5,000
Stepping Stone Foundation


PO Box 87149
Phoenix,AZ85080 		No Relationship PC Provide two-generation tuition free and comprehensive family literacy program for children at risk of school failure and their parents 2,500
Technical Assistance Partnership


2020 North Central Ave Suite 720
Phoenix,AZ85004 		No Relationship PC Early childhood literacy elementary education literacy family-literacy health-literacy health and human services 5,000
Let's Go Compost


PO Box 5683
Scottsdale,AZ85261 		No Relationship PC Making composting free and accessible throughout the United States 1,650
Immigration Development Center


810 4th Ave S 100
Moorhead,MN56560 		No Relationship PC Restore unity and diversity for the FM Community 5,000
Sonoran Prevention Works


2211 S 48th St Suite A
Tempe,AZ85282 		No Relationship PC Provide Naloxone safety supplies resources health care to addicts 10,000
Rebecca's Tent


1180 University Dr NE
Atlanta,GA30306 		No Relationship PC Enable homeless women to obtain permanent housing necessities 5,000
Homeward Bound


2302 West Colter St
Phoenix,AZ85015 		No Relationship PC Support those facing homelessness by providing prevention shelter and after-care programs 3,000
UND Alumni Association Foundation


3501 University Ave Stop 8157
Grand Forks,ND58202 		No Relationship PC College of Business and Public Adm Annual Excellence Fund 5,000
Concordia College


901 8th St S
Moorhead,MN56562 		No Relationship PC High Education Match - Steve Slette 500
Save the Family


125 E University Dr
Mesa,AZ85201 		No Relationship PC Supports families struggling with daily living challenges including homelessness 5,000
St Vincent De Paul


PO Box 13600
Phoenix,AZ85002 		No Relationship PC Help people facing eviction to help pay their rent 15,000
New Leaf Inc


868 E University Drive
Mesa,AZ85203 		No Relationship PC Provided emergency shelter for victims until a shelter or safe accommodations are identified 5,000
Billy's Place


21448 N 75th Ave Suite 5
Glendale,AZ85308 		No Relationship PC Provide a safe community and support system to assist kids and families with grief 5,000
Lifeworks Foundation


2965 Lone Oak Dr Ste 160
St Paul,MN55121 		No Relationship PC Serving people with disabilities and their families 20,000
United Way of Cass Clay


PO Box 1609
Fargo,ND58107 		No Relationship PC Preventing homelessness 15,000
UND Donation


3501 University Ave Stop 8157
Grand Forks,ND58202 		No Relationship PC Building fund gift agreement 0
Greater Bemidji Inc


102 1st St W Ste 101
Bemidji,MN56601 		No Relationship PC Construction for health and wellness center 0
Boys Girls Club of Hall County


1 Positive Place
Gainesville,GA30501 		No Relationship PC Facilities additions and improvements 10,000
Ducks Unlimited


One Waterfoul Way
Memphis,TN38120 		No Relationship PC Environment Eastern N&S Dakota 0
Audubon Dakota


3002 Feichtner Dr S Ste A
Fargo,ND58103 		No Relationship PC Giving Hearts Day Match - Environmental 100
Soul Purpose Ministries


213 E Summit Ave Fergus Falls
Fergus Falls,MN56537 		No Relationship PC Provide facility upgrades to men's home for domestic violence victims 15,000
NDSU Foundation


Box 5144
Fargo,ND58105 		No Relationship PC Higher Education Match - Agrabusiness Endowment 1,000
United Way of Cass Clay


4351 23rd Ave S
Fargo,ND58104 		No Relationship PC Preventing homelessness - provide onsite services 15,000
Chrysalis Shelter Victims Domestic


2055 West Northern Avenue
Phoenix,AZ85021 		No Relationship PC Support for victims of domestic violence 5,000
Sojourner Center


PO Box 20156
Phoenix,AZ85036 		No Relationship PC Shelter & Support Services for victims of domestic abuse 5,000
Greenup Foundation


24 Camelback Rd Unit A435
Phoenix,AZ85016 		No Relationship PC Preservation and protection of wildlife and public lands 5,000
SARSEF


5049 E Broadway Blvd Suite 125
Tuscon,AZ85711 		No Relationship PC S. AZ Research Science and Engineering Fair - STEM education in Phoenix 1,500
Cass Clay Community Land Trust


109 1/2 Broadway 203
Fargo,ND58102 		No Relationship PC Mortgage ready course to promote successful homeownership 5,000
Lutheran Social Services


2485 Como Ave
St Paul,MN58108 		No Relationship PC Support Senior Companions Program 5,000
Foster Arizona


PO Box 20787
Mesa,AZ85277 		No Relationship PC Support homeless youth with life skills 5,000
MN Teen Challenge


740 East 24th St
Minneapolis,MN55404 		No Relationship PC Support for MN teens and adult challenge drug rehabilitation centers 7,500
Clarkston Community Health Center


3700 Market St Ste 1
Clarkston,GA30021 		No Relationship PC Support for chronic disease management program 5,000
South Dakota Humanities


1215 Trail Ridge Rd Suite A
Brookings,SD57006 		No Relationship PC Promote humanities across South Dakota such as Young readers program 5,000
HERO


5012 53rd St S Ste C
Fargo,ND58104 		No Relationship PC Health Equipment Recycling - Provides affordable healthcare equipment and supplies 7,500
UMOM New Day Centers


3333 E Van Buren St
Phoenix,AZ85008 		No Relationship PC Provides emergency shelter for homeless families 15,000
Can Do Canines


9440 Science Center Dr
New Hope,MN55428 		No Relationship PC Provide individuals with disabilities highly trained assistance dogs 7,500
Revvd Up Kids Inc


3105 Gateway Drive Suite C
Peachtree Corners,GA30071 		No Relationship PC Provide prevention training programs for children to protect from sexual abuse exploitation and trafficking 5,000
544 Education Foundation


518 Friberg Ave
Fergus Falls,MN56537 		No Relationship PC Higher Education Matching Donation - James Versteeg 1,000
The Hospice House


1701 38th St S Suite 101
Fargo,ND58103 		No Relationship PC Capital construction improvement to facilities 0
Total .................................right arrow 3a 368,000
bApproved for future payment
Boys Girls Club of Hall County

1 Positive Place
Gainesville,GA30501 		  PC Upgrade facilities and programs 20,000
Total ................................. right arrow 3b 20,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f     0   0 0
    0   0 0
gFees and contracts from government agencies          
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0   0 0
4 Dividends and interest from securities ....   0 14 279,603 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0 18 3,885 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
a   		  0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
12 Subtotal. Add columns (b), (d), and (e) .. 0 283,488 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
283,488
(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: 23017649
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
Otter Tail Corporation Foundation
 
Employer identification number

83-1883575
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
Otter Tail Corporation Foundation
  		Employer identification number
83-1883575
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Otter Tail Corporation
215 South Cascade Street
 
Fergus Falls, MN565380496

$ 2,000,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Otter Tail Corporation Foundation
  		Employer identification number

83-1883575
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Otter Tail Corporation Foundation
  		Employer identification number

83-1883575
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2023 GainLossSaleOtherAssetsSch
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Sum of all 2022-10 Purchase 2023-12  
Sum of all 		37,140 37,140   0   0

TY 2023 InvestmentsLandSchedule2
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Land 0 0 0 0
Buildings 0 0 0 0
Leasehold improvements 0 0 0 0
Equipment 0 0 0 0

TY 2023 InvestmentsOtherSchedule2
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESCO S&P 500 EQUAL   1,686,566 1,686,566
ISHARES CORE S&P 500 ETF   1,339,275 1,339,275
ISHARES MSCI USA QUALITY FACTOR EXCHANGE-TRADED FUND QUAL   1,676,072 1,676,072
PRINCIPAL MIDCAP FUND OPEN-END FUND CL R-6 PMAQX   577,018 577,018
UNDISCOVERED MGRS BEHAVR VALUE FUND OPEN-END FUND INSTL CL UBVLX   546,574 546,574
GOLDMAN SACHS INTL EQUITY INSIGHTS FUND OPEN-END FUND INSTL CL GCIIX   629,786 629,786
JOHCM INTERNATIONAL SELECT OPEN-END FUND CL I JOHIX   304,550 304,550
VANGUARD FTSE DEV MKTS ETF CLOSED-END FUND VEA   391,535 391,535
METROPOLITAN WEST TR BOND FD OPEN-END FUND CL I MWTIX   633,659 633,659
VANGUARD LONG-TERM TREASURY FUND OPEN-END FUND ADM CL VUSUX   121,158 121,158
WESTERN ASSET CORE PLUS BOND OPEN-END FUND CL IS WAPSX   512,043 512,043
ISHARES GOLD TRUST EXCHANGE-TRADED FUND IAU   127,862 127,862
ISHARES BARCLAYS TIPS BOND FUND CLOSED-END FUND TIP   81,692 81,692
LAZARD GLOBAL LISTED INFRASTR PT OPEN-END FUND INSTL CL GLIFX   130,752 130,752
GMO RESOURCES FUND OPEN-END FUND CL R6 GAAHX   100,173 100,173
JPMORGAN HEDGED EQUITY FUND OPEN-END FUND CL I JHEQX   121,900 121,900
MERGER FUND OPEN-END FUND INSTL CL MERIX   109,495 109,495
NEUBERGER BERMAN EMERG MKTS EQTY OPEN-END FUND INSTL CL NEMIX   0 0
VANGUARD FTSE EMRGING MKTS ETF CLOSED-END FUND VWO   0 0
RBC EMERGING MARKETS EQUITY FUND OPEN-END FUND CL I REEIX   239,150 239,150
GQG PARTNERS EMERGING MKTS EQUITY OPEN-END FUND INSTL CL GQGIX   283,964 283,964
PIMCO TRENDS MANAGED FUTURES STRATEGY FD OPEN-END FUND INSTL CL PQTIX   92,591 92,591
BLACKROCK SYSTEMATIC MULTI-STRAT OPEN-END FUND INSTL CL BIMBX   106,429 106,429
GUGGENHEIM TOTAL RETURN BOND FUND OPEN-END FUND INSTL CL GIBIX   640,048 640,048
PIMCO MORTAGE OPPORTUNITIES & BOND FUND FD OPEN-END FUND INSTL CL PMZIX   410,653 410,653

TY 2023 OtherExpensesSchedule
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Return Preparation Filing 495 247 0 248


TY 2023 OtherIncreasesSchedule
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Description Amount
Unrealized gain 1,185,694


TY 2023 OtherProfessionalFeesSchedule
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 41,063 41,063 0 0


TY 2023 TaxesSchedule
Name:
Otter Tail Corporation Foundation
EIN:
83-1883575
Software ID:
23017649
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 2,823 0 0 0