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
THE ANNEXSTAD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)209 N ESPLANADE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ALPHARETTA, GA30009
A Employer identification number

41-1975043
B Telephone number (see instructions)

(612) 558-2007
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$28,225,532J 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) 715,046
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 714,212 714,212  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 805,983
b Gross sales price for all assets on line 6a 10,573,277
7 Capital gain net income (from Part IV, line 2)... 805,983
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
8 8  
12 Total. Add lines 1 through 11........ 2,235,249 1,520,203  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 240,160 0   240,160
14 Other employee salaries and wages...... 301,293 7,231   294,062
15 Pension plans, employee benefits....... 25,850 0   25,850
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,537 16,769   16,768
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
164,141 164,141   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
65,708 9,739   40,969
19 Depreciation (attach schedule) and depletion... 17,409 0  
20 Occupancy.............. 17,500 0   17,500
21 Travel, conferences, and meetings....... 190,528 0   190,528
22 Printing and publications.......... 115,676 0   115,676
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
90,622 47,502   40,542
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,262,424 245,382   982,055
25 Contributions, gifts, grants paid....... 2,976,745 2,976,745
26 Total expenses and disbursements. Add lines 24 and 25 4,239,169 245,382   3,958,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,003,920
b Net investment income (if negative, enter -0-) 1,274,821
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 540,713 594,265 594,265
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   35,000    
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.......... 6,893 20,974 20,974
10a Investments—U.S. and state government obligations (attach schedule) 3,602,125 Click to see attachment
List of Attached Documents:
// Content
1,288,011 		1,288,011
b Investments—corporate stock (attach schedule)....... 18,492,366 Click to see attachment
List of Attached Documents:
// Content
21,282,426 		21,282,426
c Investments—corporate bonds (attach schedule)....... 1,974,918 Click to see attachment
List of Attached Documents:
// Content
3,213,028 		3,213,028
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,553,475 Click to see attachment
List of Attached Documents:
// Content
1,775,163 		1,775,163
14 Land, buildings, and equipment: basis right arrow87,540
Less: accumulated depreciation (attach schedule) right arrow35,875 69,073 51,665 51,665
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,274,563 28,225,532 28,225,532
Liabilities 17 Accounts payable and accrued expenses.......... 47,725 46,125
18 Grants payable.................    
19 Deferred revenue................. 23,211 30,222
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 70,936 76,347
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........ 26,203,627 28,149,185
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 26,203,627 28,149,185
30 Total liabilities and net assets/fund balances (see instructions). 26,274,563 28,225,532
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
26,203,627
2
Enter amount from Part I, line 27a .....................
2
-2,003,920
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,949,478
4
Add lines 1, 2, and 3 ..........................
4
28,149,185
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
28,149,185
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 PUBLICLY TRADED SECURITIES P    
b
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 10,573,277   9,767,294 805,983
b
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       805,983
b
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 2 805,983
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 17,720
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 17,720
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 17,720
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 18,087
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 38,087
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 20,367
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,367 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 arrowHTTP://ANNEXSTADFAMILYFOUNDATION.ORG/
14
The books are in care ofright arrowFOUNDATION Telephone no.right arrow (612) 558-2007

Located atright arrow209 N ESPLANADEALPHARETTAGA ZIP+4right arrow30009
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
PATTI ANNEXSTAD EXECUTIVE DIRECTOR/CFO
40.00 		240,160 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
ALBERT T ANNEXSTAD CHAIRMAN (THRU JUNE)
5.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
CATHERINE C ANNEXSTAD PRESIDENT
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
TOM ANNEXSTAD VICE PRESIDENT
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MORGAN MARINOVICH TREASURER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MACKENZI MARINOVICH SECRETARY
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
BLAKE ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
KACI ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
KAREN ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MAGGIE MARINOVICH OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
SHANE ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
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
ELIN WAHMAN DIRECTOR OF COMMUNIC
40.00 		119,372 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MAJA W KLOS-GROMADZKA REGIONAL PROGRAM MAN
40.00 		83,596 11,887 0
209 N ESPLANADE
ALPHARETTA,GA30009
ZACHARY D HAAS REGIONAL PROGRAM MAN
40.00 		93,882 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
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
SIT INVESTMENT ASSOCIATES INVESTMENT MANAGEMENT 147,224
80 S 8TH ST 3300
MINNEAPOLIS,MN55402
WIPFLI LLP ACCOUNTING AND CONSULTING 53,915
PO BOX 8010
WAUSAU,WI54402
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
26,819,757
b
Average of monthly cash balances.......................
1b
604,322
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
27,424,079
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
27,424,079
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
411,361
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,012,718
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,350,636
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,350,636
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
17,720
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,720
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,332,916
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,332,916
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,332,916
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,958,800
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,958,800
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,332,916
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...... 775,391
b From 2019...... 731,012
c From 2020...... 1,675,499
d From 2021...... 1,137,947
e From 2022...... 1,415,843
f Total of lines 3a through e ........ 5,735,692
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,958,800
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,332,916
e Remaining amount distributed out of corpus 2,625,884
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 8,361,576
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) ... 		775,391
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		7,586,185
10 Analysis of line 9:
a Excess from 2019.... 731,012
b Excess from 2020.... 1,675,499
c Excess from 2021.... 1,137,947
d Excess from 2022.... 1,415,843
e Excess from 2023.... 2,625,884
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).)
ALBERT T ANNEXSTAD
CATHERINE C ANNEXSTAD
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

BETHEL UNIVERSITY

3900 BETHEL DR
ST PAUL,MN55112 		NONE PC SCHOLARSHIP 35,000

BOSTON COLLEGE

140 COMMONWEALTH AVE
CHESTNUT HILL,MA02467 		NONE GOV SCHOLARSHIP 50,000

CARLETON COLLEGE

1 NORTH COLLEGE ST
NORTHFIELD,MN55057 		NONE PC SCHOLARSHIP 44,500

CLAYTON STATE UNIVERSITY

2000 CLAYTON STATE BLVD
MORROW,GA30260 		NONE GOV SCHOLARSHIP 5,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC29633 		NONE PC SCHOLARSHIP 15,000

COLLEGE OF SAINT BENEDICT

37 SOUTH COLLEGE AVE
ST JOSEPH,MN56374 		NONE PC SCHOLARSHIP 20,000

CSUSB PHILANTHROPIC FOUNDATION

5500 UNIVERSITY PARKWAY AD-104
SAN BERNADINO,CA92407 		NONE PC SCHOLARSHIP 5,000

DUKE UNIVERSITY

324 BLACKWELL ST WASHIN BLDG N
DURHAM,NC27701 		NONE PC SCHOLARSHIP 50,000

EMORY UNIVERSITY

1599 CLIFTON RD NE 3RD FLR CONTR OF
ATLANTA,GA30322 		NONE PC SCHOLARSHIP 42,500

GEORGETOWN UNIVERSITY

ROOM 103 37TH AND O STREETS NW
WASHINGTON,DC20057 		NONE PC SCHOLARSHIP 49,000

GEORGIA INSTITUTE OF TECHNOLOGY

500 TECH PARKWAY
ATLANTA,GA30332 		NONE PC SCHOLARSHIP 40,000

GONZAGA UNIVERSITY

502 E BOONE AVE
SPOKANE,WA99258 		NONE PC SCHOLARSHIP 35,000

GUSTAVUS ADOLPHUS COLLEGE

800 W COLLEGE AVE
SAINT PETER,MN56082 		NONE PC SCHOLARSHIP 75,000

HARVARD UNIVERSITY

MASSACHUSETTS HALL
CAMBRIDGE,MA02138 		NONE PC SCHOLARSHIP 50,000

HIGH POINT UNIVERSITY

1 UNIVERSITY PKWY
HIGH POINT,NC27268 		NONE PC SCHOLARSHIP 15,000

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE PC SCHOLARSHIP 25,000

INDIANA UNIVERSITY BLOOMINGTON

107 S INDIANA AVE
BLOOMINGTON,IN47405 		NONE GOV SCHOLARSHIP 50,000

INDIANA UNIVERSITY FOUNDATION

PO BOX 500
BLOOMINGTON,IN47402 		NONE PC SCHOLARSHIP 10,000

MICHIGAN TECHNOLOGICAL UNIVERSITY

1400 TOWNSEND DR
HOUGHTON,MI49931 		NONE GOV SCHOLARSHIP 45,000

MINNESOTA STATE UNIVERSITY MANKATO

228 WIECKING CENTER
MANKATO,MN56001 		NONE GOV SCHOLARSHIP 38,000

NORTH DAKOTA STATE UNIVERSITY

1340 ADMINISTRATION AVE
FARGO,ND58102 		NONE GOV SCHOLARSHIP 40,000

NORTHERN MICHIGAN UNIVERSITY FOUNDATION

607 COHODAS HALL 1401 PRESQUE ISLE
AVE
MARQUETTE,MI49855 		NONE GOV SCHOLARSHIP 13,750

PIEDMONT UNIVERSITY

PO BOX 10
DEMOREST,GA30535 		NONE PC SCHOLARSHIP 5,000

PITZER COLLEGE

1050 N MILLS AVE
CLAREMONT,CA91711 		NONE PC SCHOLARSHIP 10,000

POMONA COLLEGE

550 N COLLEGE AVE
CLAREMONT,CA91711 		NONE PC SCHOLARSHIP 30,000

RABUN COUNTY HIGH SCHOOL

230 WILDCAT HILL DR
TIGER,GA30576 		NONE GOV SCHOLARSHIP 5,000

SAINT JOHN'S UNIVERSITY

PO BOX 2222
COLLEGEVILLE,MN56321 		NONE PC SCHOLARSHIP 25,000

SANTA CLARA UNIVERSITY

500 EL CAMINO REAL
SANTA CLARA,CA95053 		NONE PC SCHOLARSHIP 31,229

SOUTHERN METHODIST UNIVERSITY

3140 DYER ST SUITE 261
DALLAS,TX75205 		NONE PC SCHOLARSHIP 25,000

STANFORD UNIVERSITY

450 SERRA MALL
STANFORD,CA94305 		NONE PC SCHOLARSHIP 100,000

TEXAS CHRISTIAN UNIVERSITY

TCU BOX 297011
FORT WORTH,TX76129 		NONE PC SCHOLARSHIP 25,000

THE COLLEGE OF THE DESERT FOUNDATION

43500 MONTEREY AVENUE
PALM DESERT,CA92260 		NONE PC SCHOLARSHIP 7,500

THE UNIVERSITY OF GEORGIA FOUNDATION

1 PRESS PL SUITE 101
ATHENS,GA30601 		NONE PC SCHOLARSHIP 20,000

UNIVERSITY OF ALABAMA

801 UNIVERSITY BOULEVARD SUITE 203
TUSCALOOSA,AL35487 		NONE GOV SCHOLARSHIP 26,250

UNIVERSITY OF CALIFORNIA BERKELEY

1995 UNIVERSITY AVE STE 401
BERKELEY,CA94704 		NONE GOV SCHOLARSHIP 100,000

UNIVERSITY OF CHICAGO

5235 S HARPER COURTH 4TH FLOOR
CHICAGO,IL60615 		NONE GOV SCHOLARSHIP 40,000

UNIVERSITY OF FLORIDA

G022 MCCARTY HALL
GAINESVILLE,FL32611 		NONE GOV SCHOLARSHIP 5,000

UNIVERSITY OF GEORGIA

104 CALDWELL HALL
ATHENS,GA30602 		NONE GOV SCHOLARSHIP 10,000

UNIVERSITY OF MICHIGAN

325 E GRAND RIVER AVENUE SUITE 275
EAST LANSING,MI48823 		NONE GOV SCHOLARSHIP 27,595

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN55455 		NONE PC SCHOLARSHIP 587,671

UNIVERSITY OF MISSISSIPPI

PO BOX 1848
OXFORD,MS38677 		NONE GOV SCHOLARSHIP 62,500

UNIVERSITY OF NORTH CAROLINA

104 AIRPORT DR CB1270
CHAPEL HILL,NC27599 		NONE GOV SCHOLARSHIP 385,000

UNIVERSITY OF PENNSYLVANIA

3535 MARKET STREET SUITE 850
PHILADELPHIA,PA19104 		NONE GOV SCHOLARSHIP 390,000

UNIVERSITY OF REDLANDS

PO BOX 3080
REDLANDS,CA92373 		NONE PC SCHOLARSHIP 18,750

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVE
ST PAUL,MN55105 		NONE PC SCHOLARSHIP 81,250

VANDERBILT UNIVERSITY

2301 VANDERBILT PL PMB 406310
NASHVILLE,TN37240 		NONE PC SCHOLARSHIP 43,750

WASHINGTON UNIVERSITY

1 BROOKINGS DR
ST LOUIS,MO63130 		NONE PC SCHOLARSHIP 40,000

WESTERN CAROLINA UNIVERSITY

ONE UNIVERSITY DR
CULLOWHEE,NC28723 		NONE GOV SCHOLARSHIP 42,500

WINONA STATE UNIVERSITY

175 W MARK ST
WINONA,MN55987 		NONE GOV SCHOLARSHIP 22,500

YALE UNIVERSITY

PO BOX 208356
NEW HAVEN,CT06520 		NONE PC SCHOLARSHIP 57,500
Total .................................right arrow 3a 2,976,745
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 714,212  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 8  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 805,983  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,520,203 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,520,203
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

41-1975043
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
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number
41-1975043
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
ALBERT T AND CATHERINE ANNEXSTAD
1678 MURRAY COVE ROAD
 
TIGER, GA30576

$ 576,591


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
SIT INVESTMENTS ASSOCIATES FOUNDATION
 
3300 IDS CENTER 80 SOUTH 8TH STREET
 
MINNEAPOLIS, MN55402

$ 50,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MOLLIE AND DAN BARROW
859 LULLWATER PARKWAY NE
 
ATLANTA, GA30307

$ 11,053


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
HOLBORN CORPORATION
 
180 MAIDEN LANE
 
NEW YORK, NY10038

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
ANTHONY VINEYARDS
 
PO BOX 9578
 
BAKERSFIELD, CA93389

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
RD AND JOAN DALE HUBBARD FOUNDATION
 
103 SIERRA BLANCA DR
 
RUIDOSO, NM88345

$ 10,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Name of organization
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number
41-1975043
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
7
FEDERATED MUTUAL INSURANCE COMPANY
 
121 EAST PARK SQUARE
 
OWATONNA, MN55060

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
PAISLEY FOUNDATION
 
75-461 STARDUST LANE
 
INDIAN WELLS, CA92210

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
ANDERSON FAMILY FOUNDATION
 
PO BOX 788
 
ANACORTES, WA98221

$ 5,000


(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.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number

41-1975043
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
1
 VARIOUS STOCK $ 316,595 2023-04-18
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VARIOUS STOCK $ 259,919 2023-05-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 VTI STOCK $ 11,053 2023-09-30
(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
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number

41-1975043
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 33,537 16,769   16,768

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Name of Bond End of Year Book Value End of Year Fair Market Value
AMAZON COM INC 77,065 77,065
AMERICAN TOWER TR I 2023-1 3/15/2053 76,072 76,072
AUTOZONE INC SR NT 72,056 72,056
BANK OF NY MELLON CORP 27,692 27,692
BGC GROUP INC 47,985 47,985
BOOZ ALLEN HAMILTON INC 26,410 26,410
CAPITAL AREA FIN AUTH LA SF MTGE 64,544 64,544
CAPITAL ONE FINANCIAL CO 27,472 27,472
CENTERPOINT ENER HOUSTON 57,781 57,781
CINCINNATI FINL CORP 26,169 26,169
CONSTELLATION ENERGY GRP 84,690 84,690
CONSUMERS 2023 SECURITIZA EXT 76,704 76,704
CVS PASS THROUGH TRUST 57,356 57,356
DELTA AIR LINES 2015 1AA 46,014 46,014
DUKE ENERGY FL PROJ FIN 87,802 87,802
EQUIFAX INC 67,147 67,147
EVERGY KANSAS CENTRAL 26,744 26,744
FAIRFIELD CA REDEV AGY SUCCESSOR AGY 104,468 104,468
FIFTH THIRD CINCINNATI 74,795 74,795
FIRST CITIZENS BANCSHARE 70,877 70,877
GATX CORP 55,021 55,021
GENUINE PARTS CO 81,156 81,156
GEORGIA PAC CORP 108,762 108,762
J P MORGAN MTG TR 123,662 123,662
J P MORGAN MTG TR 42,256 42,256
JP MORGAN MORTGAGE TRUST 96,070 96,070
JP MORGAN MORTGAGE TRUST 96,357 96,357
JP MORGAN MORTGAGE TRUST 121,296 121,296
JPMORGAN CHASE CO 72,461 72,461
KELLOGG CO 85,907 85,907
KEYCORP 63,791 63,791
KINDER MORGAN INC 72,178 72,178
MORGAN STANLEY 50,228 50,228
NATIONAL RURAL UTILS COOP 71,165 71,165
NATIONWIDE MUTUAL INSURA 99,901 99,901
NEW RESIDENTIAL MORTGAGE LOAN 13,434 13,434
NORTHERN TRUST CORP 115,553 115,553
PNM ENERGY TRANSITION BOND CO 79,293 79,293
SPIRE MISSOURI INC 74,857 74,857
STATE STR CORP 75,549 75,549
TEXAS CHILDRENS HOSPITAL 47,625 47,625
TOSCO CORP 107,625 107,625
TOWD POINT MORTGAGE TRUST 98,252 98,252
UNION PACIFIC RR CO 30,878 30,878
UNITED AIR 2019 2 AA PTT 52,857 52,857
US BANCORP 77,051 77,051

TY 2023 InvestmentsCorpStockSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS COM 374,238 374,238
ACCENTURE PLC IRELAND SHS CLASS A 549,174 549,174
ALLIANZ SE UNSP A D R 201,509 201,509
ALPHABET INC CL A 768,295 768,295
AMERIPRISE FINL INC 474,788 474,788
ANALOG DEVICES INC 258,128 258,128
APPLE INC COM 2,002,312 2,002,312
APPLIED MATERIALS INC 517,003 517,003
ARTHUR J GALLAGHER CO 675,764 675,764
ASML HOLDING NV NY REG SHS A D R 9,840 9,840
ASTRAZENECA P L C SPSD A D R 195,315 195,315
B A E SYSTEMS P L C A D R 371,481 371,481
BROADCOM INC 1,369,639 1,369,639
CARLYLE GROUP INC THE 204,467 204,467
CHUBB LIMITED COM 242,950 242,950
CONOCOPHILLIPS 458,477 458,477
CONSTELLATION BRANDS INC A 278,012 278,012
DIAGEO PLC SPONSORED A D R 233,056 233,056
FED EX CORP 221,349 221,349
GILEAD SCIENCES INC 97,212 97,212
GOLDMAN SACHS GROUP INC 285,470 285,470
HOME DEPOT INC 597,106 597,106
HONEYWELL INTL INC 330,293 330,293
IBERDROLA SA SPON A D R 330,750 330,750
JOHNSON JOHNSON 438,872 438,872
JPMORGAN CHASE CO 654,885 654,885
LINDE PLC SHS 266,961 266,961
LOCKHEED MARTIN CORP COM 380,722 380,722
LOGITECH INTL SA 185,367 185,367
MCDONALDS CORP COM 296,510 296,510
MICROSOFT CORP COM 2,043,777 2,043,777
MONDELEZ INTL INC CL A 231,776 231,776
NESTLE SA SPONSORED A D R 268,840 268,840
NEXTERA ENERGY INC 264,219 264,219
NVIDIA CORP 1,412,367 1,412,367
PEPSICO INC 450,076 450,076
RELX PLC SPON A D R 320,254 320,254
ROCKWELL AUTOMATION INC COM 240,622 240,622
SHELL PLC SPON A D R 118,440 118,440
SHERWIN WILLIAMS CO 263,556 263,556
SIEMENS AG A D R 411,576 411,576
THERMO FISHER SCIENTIFIC INC 318,474 318,474
UNION PACIFIC CORP COM 405,273 405,273
UNITEDHEALTH GROUP INC COM 368,529 368,529
VANGUARD TOTAL STOCK MARKET INDEX 11,861 11,861
WASTE MGMT INC DEL COM 429,840 429,840
WEC ENERGY GROUP INC COM 229,363 229,363
WILLIAMS COS INC COM 202,885 202,885
WOODSIDE ENERGY GROUP LTD A D R 20,753 20,753

TY 2023 InvestmentsGovtObligationsSch
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
US Government Securities - End of Year Book Value:

78,738
US Government Securities - End of Year Fair Market Value:

78,738
State & Local Government Securities - End of Year Book Value:


1,209,273
State & Local Government Securities - End of Year Fair Market Value:


1,209,273


TY 2023 InvestmentsOtherSchedule2
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
F H L M C GOLD PARTN CERT FMV 12,552 12,552
F H L M C GOLD PARTN CERT FMV 12,073 12,073
F H L M C MULTICLASS MTG PARTN FMV 104,464 104,464
F H L M C MULTICLASS MTG PARTN FMV 25,078 25,078
F H L M C MULTICLASS MTG PARTN FMV 43,305 43,305
F H L M C MULTICLASS MTG PARTN FMV 67,908 67,908
F H L M C MULTICLASS MTG PARTN FMV 12,446 12,446
F H L M C MULTICLASS MTG PARTN FMV 8,841 8,841
F H L M C MULTICLASS MTG PARTN FMV 17,234 17,234
F H L M C PARTN CERT FMV 119,444 119,444
F H L M C PARTN CERT FMV 72,819 72,819
F H L M C PARTN CERT FMV 74,356 74,356
F N M A GTD R E M I C PASS THRU FMV 1,338 1,338
F N M A GTD R E M I C PASS THRU FMV 94,114 94,114
F N M A GTD R E M I C PASS THRU FMV 6,806 6,806
F N M A GTD R E M I C PASS THRU FMV 13,228 13,228
F N M A GTD R E M I C PASS THRU FMV 52,710 52,710
F N M A GTD R E M I C PASS THRU FMV 20,806 20,806
F N M A GTD R E M I C PASS THRU FMV 26,214 26,214
F N M A PARTN CERT FMV 6,465 6,465
F N M A PARTN CERT FMV 11,413 11,413
F N M A PARTN CERT FMV 12,678 12,678
F N M A PARTN CERT FMV 2,902 2,902
F N M A PARTN CERT FMV 6,182 6,182
F N M A PARTN CERT FMV 3,029 3,029
F N M A PARTN CERT FMV 5,231 5,231
F N M A PARTN CERT FMV 3,015 3,015
F N M A PARTN CERT FMV 4,767 4,767
F N M A PARTN CERT FMV 6,517 6,517
F N M A PARTN CERT FMV 17,936 17,936
F N M A PARTN CERT FMV 30,338 30,338
F N M A PARTN CERT FMV 90,185 90,185
F N M A PARTN CERT UMBS FMV 64,318 64,318
F N M A PARTN CERT UMBS FMV 73,783 73,783
F N M A PARTN CERT UMBS FMV 73,231 73,231
F N M A PARTN CERT UMBS FMV 74,262 74,262
F N M A PARTN CERT UMBS FMV 73,270 73,270
FEDERAL NATL MTGE ASSN POOL #DA3331 FMV 152,111 152,111
G N M A I I PARTN CERT FMV 10,086 10,086
G N M A GTD R E M I C PASS THRU FMV 33,242 33,242
G N M A GTD R E M I C PASS THRU FMV 18,774 18,774
G N M A GTD R E M I C PASS THRU FMV 8,606 8,606
G N M A GTD R E M I C PASS THRU FMV 20,338 20,338
G N M A GTD R E M I C PASS THRU FMV 14,704 14,704
G N M A I I PARTN CERT FMV 65,660 65,660
G N M A I I PARTN CERT FMV 75,181 75,181
G N M A PARTN CERT FMV 6,010 6,010
G N M A PARTN CERT FMV 10,436 10,436
G N M A PASS THRU CERT FMV 14,757 14,757

TY 2023 OtherExpensesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 126 63   63
COMPUTER/SOFTWARE SUPPORT 20,192 10,096   10,096
DUES & SUBSCRIPTIONS 29,559 29,559   0
INSURANCE 11,844 2,961   8,883
PHONE & DATA 16,191 1,619   12,143
POSTAGE AND SHIPPING 6,128 0   6,128
SUPPLIES 6,408 3,204   3,204
MISCELLANEOUS 174 0   25


TY 2023 OtherIncomeSchedule2
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INVESTMENT INCOME 8 8 8


TY 2023 OtherIncreasesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Description Amount
CURRENT YEAR UNREALIZED GAINS (LOSSES) 3,936,970
OTHER ADJUSTMENTS OF TIMING (ACCRUAL TO CASH) 12,508


TY 2023 OtherProfessionalFeesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 164,141 164,141   0


TY 2023 TaxesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 9,739 9,739   0
EMPLOYMENT TAXES 40,969 0   40,969
FEDERAL TAX PAYMENTS 15,000 0   0