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
MARDAG FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)101 FIFTH STREET EAST SUITE 2400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN55101
A Employer identification number

41-1698990
B Telephone number (see instructions)

(651) 224-5463
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$63,483,716J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,188,259 1,545,172  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 579,209
b Gross sales price for all assets on line 6a 1,348,483
7 Capital gain net income (from Part IV, line 2)... 1,348,483
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
166,011 142,294  
12 Total. Add lines 1 through 11........ 1,933,479 3,035,949  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,554 0   13,554
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
263,061 245,598   17,463
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
94,321 22,283   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,092 0   7,092
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
287,416 309,825   287,846
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 665,444 577,706   325,955
25 Contributions, gifts, grants paid....... 2,999,659 2,799,686
26 Total expenses and disbursements. Add lines 24 and 25 3,665,103 577,706   3,125,641
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,731,624
b Net investment income (if negative, enter -0-) 2,458,243
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............. 221,607 265,724 265,724
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   11,000 11,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 61,323,080 Click to see attachment
List of Attached Documents:
// Content
63,206,992 		63,206,992
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
26,117 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,570,804 63,483,716 63,483,716
Liabilities 17 Accounts payable and accrued expenses.......... 55,168 54,738
18 Grants payable................. 557,500 757,473
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
78,301 		Click to see attachment
List of Attached Documents:
// Content
121,505
23 Total liabilities (add lines 17 through 22)......... 690,969 933,716
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........... 60,879,835 62,550,000
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........    
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)..... 60,879,835 62,550,000
30 Total liabilities and net assets/fund balances (see instructions). 61,570,804 63,483,716
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
60,879,835
2
Enter amount from Part I, line 27a .....................
2
-1,731,624
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,401,789
4
Add lines 1, 2, and 3 ..........................
4
62,550,000
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
62,550,000
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 INVESTMENT PARTNERSHIP P 2020-12-31 2023-12-31
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 1,348,483     1,348,483
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       1,348,483
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 1,348,483
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 34,170
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 34,170
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 34,170
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 47,002
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 47,002
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 12,832
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow12,832 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN, CO, ND, CA
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 arrowWWW.MARDAG.ORG
14
The books are in care ofright arrowSAINT PAUL & MINNESOTA FOUNDATION Telephone no.right arrow (651) 224-5463

Located atright arrow101 FIFTH STREET EAST SUITE 2400SAINT PAULMN ZIP+4right arrow55101
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
ARMANDO CAMACHO SECRETARY
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
GRETCHEN DAVIDSON MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
SAMUEL EBERHART PRESIDENT
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
KIMBERLY FAUST MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
PAT MEDURE MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
CORY OBER MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
KELSEY LAVALLE VICE PRESIDENT
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
NATHANIEL OBER TREASURER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
NICK EBERHART MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
MARCUS POPE MEMBER
0.75 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
ANIL HURKADLI ADMIN DIRECT
2.50 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
ANNE HOYT TAFF ADMIN DIRECT
2.50 		0 0 0
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
SAINT PAUL & MINNESOTA FOUNDATION ADMINISTRATIVE 341,845
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
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
61,828,119
b
Average of monthly cash balances.......................
1b
583,276
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
62,411,395
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
62,411,395
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
936,171
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
61,475,224
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,073,761
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
3,073,761
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
34,170
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,170
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,039,591
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,039,591
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
3,039,591
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
3,125,641
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
3,125,641
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 3,039,591
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,024,751
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,125,641
a Applied to 2022, but not more than line 2a 3,024,751
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..... 100,890
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		2,938,701
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ALL GRANT APPLICANTS MUST REGISTER
101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101
(651) 244-5463
bThe form in which applications should be submitted and information and materials they should include:
BEFORE APPLYING, ALL INTERESTED APPLICANTS ARE ENCOURAGED TO EMAIL A MEMBER OF OUR GRANTS TEAM TO ENSURE THAT THE GRANT PROGRAM FITS YOUR NEEDS.
cAny submission deadlines:
WE HAVE TWO GRANT ROUNDS EACH YEAR. KEY APPLICATION DATES CAN BE FOUND ON OUR WEBSITE.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS ARE MADE TO ORGANIZATIONS LOCATED WITHIN OR SERVING THE RESIDENTS OF THE STATE OF MINNESOTA. MARDAG FOUNDATION FUNDS PROJECTS AND PROGRAMS THAT IMPROVE THE LIVES OF CHILDREN, YOUTH AND FAMILIES; SUPPORTS PROJECTS AND PROGRAMS THAT HELP OLDER ADULTS LIVE INDEPENDENT, HEALTHY LIVES; AND BUILDS THE CAPACITY OF ARTS AND HUMANITIES ORGANIZATIONS.
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

AMHERST H WILDER FOUNDATION

451 LEXINGTON PARKWAY NORTH
SAINT PAUL,MN55104 		  PC ACTIVATE OPPORTUNITY: WILDER'S CAMPAIGN FOR FAMILIES 20,000

VICTORIA THEATER ARTS CENTER

1430 CONCORDIA AVENUE PO BOX 40373
SAINT PAUL,MN55104 		  PC VICTORIA THEATER ARTS CENTER CAPITAL CAMPAIGN 25,000

180 DEGREES INC

1301 EAST SEVENTH STREET
SAINT PAUL,MN55106 		  PC CAPITAL SUPPORT FOR ST. CLOUD YOUTH SHELTER 25,000

AIN DAH YUNG OUR HOME CENTER

1089 PORTLAND AVENUE
SAINT PAUL,MN55104 		  PC AIN DAH YUNG CENTER - GENERAL OPERATING 25,000

CENTRO TYRONE GUZMAN

1915 CHICAGO AVENUE SOUTH
MINNEAPOLIS,MN55404 		  PC "MI PEQUENO MUNDO" MONTESSORI HOME VISITING PROGRAM 7,500

OPEN CUPBOARD

8264 FOURTH STREET NORTH
OAKDALE,MN55128 		  PC INCREASING ACCESS TO FRESH AND HEALTHY FOOD IN THE EAST METRO 25,000

KEYSTONE COMMUNITY SERVICES

2000 ST ANTHONY AVENUE
SAINT PAUL,MN55104 		  PC KEYSTONE GENERAL OPERATING REQUEST 20,000

MINNESOTA AFRICAN WOMENS ASSOCIATION

5701 SHINGLE CREEK PARKWAY SUITE
645
BROOKLYN CENTER,MN55430 		  PC AFRICAN GIRLS INITIATIVE FOR LEADERSHIP AND EMPOWERMENT (AGILE) 25,000

NORTH COUNTRY FOOD BANK INC

1011 11TH AVENUE NE EAST
GRAND FORKS,MN56721 		  PC INCREASING THE ACCESSIBILITY OF NUTRITIOUS FOOD IN RURAL COMMUNITIES 25,000

NORTHWOODS BATTERED WOMENS SHELTER INC

PO BOX 563
BEMIDJI,MN56601 		  PC NORTHWOODS BATTERED WOMEN'S SHELTER CAPITAL CAMPAIGN 50,000

SAFE HAVEN SHELTER FOR BATTERED WOMEN

PO BOX 3558
DULUTH,MN55803 		  PC SAFE HAVEN SHELTER REMODEL 30,000

SAINT PAUL & MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		  PC COMMUNITY SHARING FUND 50,000

SAINT PAUL & MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		  PC COMMUNITY SHARING FUND 50,000

SAINT PAUL & MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		  PC COMMUNITY SHARING FUND 25,000

SECOND HARVEST NORTH CENTRAL FOOD BANK INC

2222 CROMELL DRIVE PO BOX 5130
GRAND RAPIDS,MN55744 		  PC POP-UP PANTRY PROGRAM 25,000

TUBMAN

4432 CHICAGO AVENUE SOUTH
MINNEAPOLIS,MN55407 		  PC GENERAL OPERATING IN THE EAST METRO 20,000

VENN FOUNDATION

1900 BOHLAND AVENUE
SAINT PAUL,MN55116 		  PC MINNESOTA AFTERSCHOOL ADVANCE - MARDAG 2022 25,000

YOUTHPRISE

3001 BROADWAY STREET NE SUITE 330
MINNEAPOLIS,MN55413 		  PC YOUTHPRISE 2022 25,000

INDIGENOUS ROOTS

788 EAST SEVENTH STREET
SAINT PAUL,MN55106 		  PC INDIGENOUS ROOTS STAFFING AND GENERAL OPERATING FUNDS 20,000

LAKES AREA MUSIC FESTIVAL

PO BOX 96
BRAINERD,MN56401 		  PC LAKES AREA MUSIC FESTIVAL - 2023 15,000

TAIKOARTS MIDWEST

3949 - 13TH AVENUE SOUTH
MINNEAPOLIS,MN55407 		  PC TAIKOARTS MIDWEST GENERAL OPERATING 25,000

COMMUNITY THREAD

2300 ORLEANS STREET WEST
STILLWATER,MN55082 		  PC PROJECT SUPPORT FOR THRIVE AT COMMUNITY THREAD 20,000

KOOTASCA COMMUNITY ACTION INC

201 NW 4TH STREET SUITE 130
GRAND RAPIDS,MN55744 		  PC GRAND RAPIDS EARLY CHILDHOOD EDUCATION HUB 25,000

KAIROS ALIVE

4524 BEARD AVENUE SOUTH
MINNEAPOLIS,MN55410 		  PC KAIROS ALIVE! GENERAL OPERATING SUPPORT 25,000

AURORA-ST ANTHONY NEIGHBORHOOD DEVELOPMENT CORPORATION

WESTERN U PLAZA 360 UNIVERSITY
AVENUE WEST SUITE 103
SAINT PAUL,MN55103 		  PC AURORA ST. ANTHONY NEIGHBORHOOD DEVELOPMENT CORPORATION 30,000

FIRST WITNESS CHILD ADVOCACY CENTER

4 W 5TH ST
DULUTH,MN55806 		  PC GENERAL OPERATING SUPPORT 25,000

RISEUP RED WING

410 GUERNSEY LANE
RED WING,MN55066 		  PC RISEUP RED WING 25,000

NORTH HOUSE FOLK SCHOOL

PO BOX 759 500 HIGHWAY 61 WEST
GRAND MARAIS,MN55604 		  PC NORTH HOUSE FOLK SCHOOL: FRAMING OUR FUTURE 25,000

AMPERSAND FAMILIES

1751 COUNTY ROAD B WEST SUITE 300
ROSEVILLE,MN55113 		  PC AMPERSAND FAMILIES - GENERAL OPERATING SUPPORT 25,000

HABITAT FOR HUMANITY INTERNATIONAL INC

PO BOX 3190
DULUTH,MN55803 		  PC AFFORDABLE HOME ADAPTATIONS FOR SENIORS 19,500

JEWISH FAMILY SERVICE OF SAINT PAUL

1633 WEST SEVENTH STREET
SAINT PAUL,MN55102 		  PC JEWISH FAMILY SERVICE OF ST. PAUL GEN OP GRANT 20,000

THE MADISON ART AND INNOVATION CENTER

601 1ST STREET
MADISON,MN56256 		  PC MADISON ART AND INNOVATION CENTER 25,000

PROJECT LEGACY

PO BOX 7182
ROCHESTER,MN55903 		  PC LEGACY SCHOLARS: CREATING PATHWAYS TO BRIGHTER FUTURES FOR ALL 25,000

EBENEZER SOCIETY FOUNDATION

7505 METRO BOULEVARD SUITE 100
EDINA,MN55439 		  PC EBENEZER LIFE LONG LEARNING PROGRAM FOR EAST METRO AND GREATER MINNESOTA SENIORS 15,000

NORTHWOODS BATTERED WOMENS SHELTER INC

PO BOX 563
BEMIDJI,MN56601 		  PC NORTHWOODS BATTERED WOMEN'S SHELTER CAPITAL CAMPAIGN 50,000

NORTHFIELD UNION OF YOUTH INC

PO BOX 481
NORTHFIELD,MN55057 		  PC KEY YOUTH CENTER: KIDS SUPPORTING FAMILIES 25,000

AFRICAN AMERICAN LEADERSHIP FORUM

1625 HENNEPIN AVENUE SUITE 200
MINNEAPOLIS,MN55403 		  PC AFRICAN AMERICAN LEADERSHIP FORUM GENERAL OPERATING 25,000

SOUTH SUDANESE FOUNDATION

1132 28TH AVENUE SUITE 101A
MOORHEAD,MN56560 		  PC SOUTH SUDANESE FOUNDATION YOUTH DEVELOPMENT 25,000

OWATONNA HEALTHY SENIORS PROGRAM

PO BOX 1089
OWATONNA,MN55060 		  PC GENERAL OPERATING SUPPORT 15,000

SOUTHERN MN CRISIS NURSERY

PO BOX 53
NEW ULM,MN56073 		  PC FAMILY ADVOCACY PROGRAM 20,000

ARROWHEAD ECONOMIC OPPORTUNITY AGENCY INCORPORATED

702 THIRD AVENUE SOUTH
VIRGINIA,MN55792 		  PC AEOA HIBBING SHELTER 50,000

ASIAN WOMEN UNITED OF MINNESOTA

PO BOX 6223
MINNEAPOLIS,MN55406 		  PC OPERATING SUPPORT FOR ADVOCACY AND SHELTER SERVICES TO VICTIMS OF DOMESTIC VIOLENCE 10,000

DEPARTMENT OF PUBLIC TRANSFORMATION

PO BOX 163
GRANITE FALLS,MN56241 		  PC DEPARTMENT OF PUBLIC TRANSFORMATION 25,000

LIFEGATE SERVICES

1300 10TH AVE NE
ROCHESTER,MN55906 		  PC FOOD+HEALTH 25,000

WALKER WEST MUSIC ACADEMY

760 SELBY AVENUE
SAINT PAUL,MN55104 		  PC WALKER WEST GENERAL OPERATIONS 25,000

UJAMAA PLACE

1821 UNIVERSITY AVENUE SUITE N187
SAINT PAUL,MN55104 		  PC UJAMAA PLACE THEORY OF TRANSFORMATION 25,000

GENESYS WORKS

445 MINNESOTA STREET SUITE 720
SAINT PAUL,MN55101 		  PC GENESYS WORKS TWIN CITIES HIGH SCHOOL PROGRAM 20,000

COMMITTEE AGAINST DOMESTIC ABUSE INC

100 STADIUM COURT
MANKATO,MN56001 		  PC CADA GENERAL OPERATIONS SUPPORT 25,000

LATINOLEAD

797 EAST SEVENTH STREET SUITE 151
SAINT PAUL,MN55106 		  PC LATINOLEAD GENERAL OPERATING 25,000

ANNA MARIES ALLIANCE

PO BOX 367
SAINT CLOUD,MN56302 		  PC ANNA MARIE'S ALLIANCE SHELTER PROGRAM 25,000

ENDAZHI-NITAAWIGING CHARTER SCHOOL

PO BOX 575
RED LAKE,MN56671 		  GOV GROWING THE NEXT GENERATION OF OJIBWEMOWIN SPEAKERS 25,000

MANKATO YOUTH PLACE INC

1315 STADIUM ROAD
MANKATO,MN56001 		  PC MY PLACE IS GROWING AND THRIVING! 20,000

AKIING COMMUNITY DEVELOPMENT CORPORATION

PO BOX 155
PONSFORD,MN56575 		  PC AKIING 8TH FIRE- GENERAL OPERATING 25,000

CARE CLINIC

906 COLLEGE AVENUE DOOR 1
RED WING,MN55066 		  PC ACCESS TO HEALTH CARE AND MENTAL HEALTH SERVICES FOR THE HISPANIC COMMUNITY OF GOODHUE COUNTY 25,000

NORTHFIELD HEALTHY COMMUNITY INITIATIVE

1651 JEFFERSON PARKWAY SUITE 128
NORTHFIELD,MN55057 		  PC HCI GENERAL OPERATING REQUEST 2023 25,000

360 COMMUNITIES

501 EAST HIGHWAY 13 SUITE 112
BURNSVILLE,MN55337 		  PC 360 COMMUNITIES GENERAL OPERATING SUPPORT 10,000

HALLIE Q BROWN COMMUNITY CENTER INCORPORATED

270 NORTH KENT STREET
SAINT PAUL,MN55102 		  PC 2023 GENERAL OPERATIONS FUNDING 15,000

CATHOLIC CHARITIES OF THE DIOCESE OF ST CLOUD

911 18TH STREET NORTH
SAINT CLOUD,MN56303 		  PC SERVICES FOR HOMELESS YOUTH 20,000

CHURCHES UNITED IN MINISTRY

102 WEST SECOND STREET
DULUTH,MN55802 		  PC STEVE O'NEIL APARTMENTS 15,000

ZEITGEIST CENTER FOR ARTS AND COMMUNITY

222 EAST SUPERIOR STREET
DULUTH,MN55802 		  PC COMMUNITY DEVELOPMENT 25,000

NEW PATHWAYS INC

PO BOX 366 310 S ASHLAND STREET
CAMBRIDGE,MN55008 		  PC NEW PATHWAYS, INC. - SERVING FAMILIES WITH CHILDREN EXPERIENCING HOMELESSNESS 25,000

SMART NORTH

C/O SABATHANI COMMUNITY CENTER 310
EAST 38TH STREET SUITE 120
MINNEAPOLIS,MN55409 		  PC DEER RIVER COMMUNITY TECH HUB 25,000

VOYAGEUR OUTWARD BOUND SCHOOL

1650 CARROLL AVENUE
SAINT PAUL,MN55104 		  PC VOBS GENERAL OPERATING SUPPORT 20,000

VILLAGE AGRICULTURAL COOPERATIVE

PO BOX 7723
ROCHESTER,MN55903 		  PC MOVE THE MISSION: GENERAL OPERATING SUPPORT FOR DIVERSE FOOD ECONOMIES 25,000

YOUNG WOMENS CHRISTIAN ASSOCIATION

32 EAST FIRST STREET SUITE 202
DULUTH,MN55802 		  PC SPIRIT VALLEY CAPITAL PROJECTS 50,000

KOOCHICHING COUNTY FOOD ACCESS

1525 SECOND AVENUE WEST
INTERNATIONAL FALLS,MN56649 		  PC KOOCHICHING COUNTY FOOD ACCESS 2023 25,000

DULUTH ART INSTITUTE ASSOCIATION

506 WEST MICHIGAN STREET
DULUTH,MN55802 		  PC OPERATING SUPPORT TO BUILD CAPACITY 25,000

ALL ELDERS UNITED FOR JUSTICE

16 CUTLER STREET
SAINT PAUL,MN55119 		  PC ALL ELDERS. BUILDING CAPACITY THROUGH PROGRAM DEVELOPMENT 25,000

DULUTH ART INSTITUTE ASSOCIATION

506 WEST MICHIGAN STREET
DULUTH,MN55802 		  PC OPERATING SUPPORT TO BUILD CAPACITY 10,000

HIGH SCHOOL FOR RECORDING ARTS

1166 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55104 		  PC 2023 REMIXEDED CONFERENCE 2,500

AMHERST H WILDER FOUNDATION

451 LEXINGTON PARKWAY NORTH
SAINT PAUL,MN55104 		  PC ACTIVATE OPPORTUNITY: WILDER'S CAMPAIGN FOR FAMILIES 5,000

MINNESOTA COUNCIL ON FOUNDATIONS

800 WASHINGTON AVENUE NORTH SUITE
703
MINNEAPOLIS,MN55401 		  PC ECUADORIAN REFUGEES RESETTLEMENT EFFORTS 10,000

SECOND HARVEST NORTH CENTRAL FOOD BANK INC

2222 CROMELL DRIVE PO BOX 5130
GRAND RAPIDS,MN55744 		  PC POP-UP PANTRY PROGRAM 10,000

DAMIANO OF DULUTH INC

206 WEST FOURTH STREET
DULUTH,MN55806 		  PC DAMIANO CENTER ELECTRICAL UPGRADES 16,890

RUTHS HOUSE OF HOPE

PO BOX 593
FARIBAULT,MN55021 		  PC EMPOWERING THE LIVES OF WOMEN AND CHILDREN IN SOUTHERN MINNESOTA 25,000

CHILDRENS DEFENSE FUND

555 PARK STREET SUITE 410
SAINT PAUL,MN55103 		  PC IMPROVING THE LIVES AND ECONOMIC STABILITY OF LOW-INCOME CHILDREN, YOUTH, AND FAMILIES IN MN 25,000

CATHOLIC CHARITIES OF THE ARCHDIOCESE OF ST PAUL AND MPLS

1007 EAST 14TH STREET
MINNEAPOLIS,MN55404 		  PC FAMILY SERVICE CENTER - EMERGENCY SHELTER FOR FAMILIES 25,000

BRIDGES OF HOPE

PO BOX 742
BRAINERD,MN56401 		  PC BRIDGES OF HOPE GENERAL OPERATING SUPPORT 25,000

BOYS CLUB OF DULUTH

PO BOX 16435
DULUTH,MN55816 		  PC CAPACITY BUILDING 25,000

BORDER CROSSING

733 PORTLAND AVENUE
SAINT PAUL,MN55104 		  PC BORDER CROSSING GENERAL OPERATIONS SUPPORT 25,000

ARTS CENTER OF SAINT PETER INC

315 SOUTH MINNESOTA AVENUE
SAINT PETER,MN56082 		  PC ARTS CENTER OF SAINT PETER OPERATING SUPPORT FY24 25,000

ARROWHEAD REGIONAL DEVELOPMENT COMMISSION

221 WEST FIRST STREET
DULUTH,MN55802 		  GOV ARROWHEAD AREA AGENCY ON AGING / A DIVISION OF ARDC 25,000

AKELEY REGIONAL COMMUNITY CENTER

210 PLEASANT AVENUE PO BOX 183
AKELEY,MN56433 		  PC GENERAL OPERATIONS 16,570

ADVOCATES AGAINST DOMESTIC ABUSE

PO BOX 153
AITKIN,MN56431 		  PC 2023 HOPE GENERAL OPERATIONS 20,000

RED WING ARTS ASSOCIATION

418 LEVEE STREET
RED WING,MN55066 		  PC RED WING ARTS CLAY AND CREATIVE CENTER GENERAL OPERATIONS 25,000

PROJECT FINE INC

202 WEST THIRD STREET
WINONA,MN55987 		  PC GENERAL OPERATING SUPPORT 20,000

NORTHWEST INDIAN COMMUNITY DEVELOPMENT CENTER NWICDC

1819 BEMIDJI AVENUE NORTH
BEMIDJI,MN56601 		  PC NWICDC GENERAL OPERATING REQUEST 25,000

NORTH COUNTRY FOOD BANK INC

1011 11TH AVENUE NE EAST
GRAND FORKS,MN56721 		  PC INCREASING THE ACCESSIBILITY OF NUTRITIOUS FOOD IN RURAL COMMUNITIES 20,000

MINNESOTA MILK BANK FOR BABIES

2525 NEVADA AVENUE NORTH SUITE 304
GOLDEN VALLEY,MN55427 		  PC MILK BANK ON THE MOVE 50,000

MERRICK COMMUNITY SERVICES

1669 ARCADE STREET SUITE 4
SAINT PAUL,MN55106 		  PC GENERAL OPERATING SUPPORT FOR MERRICK COMMUNITY SERVICES 10,000

MENTOR NORTH

206 WEST 4TH STREET SUITE 203
DULUTH,MN55806 		  PC STRENGTHENING RESILIENCE AND WELL-BEING THROUGH YOUTH MENTORING 15,000

LAKES CENTER FOR YOUTH AND FAMILIES INC

20 LAKE STREET NORTH SUITE 103
FOREST LAKE,MN55025 		  PC PROVIDING EQUITABLE MENTAL HEALTH ACCESS 20,000

ITS OUR NEIGHBORHOOD INC

511 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55103 		  PC GENERAL OPERATING GRANT 25,000

ITASCA AREA SCHOOLS COLLABORATIVE

PO BOX 307
DEER RIVER,MN56636 		  GOV NEXT CAREER PATHWAYS 25,000

IRREDUCIBLE GRACE FOUNDATION

643 VIRGINIA STREET
SAINT PAUL,MN55103 		  PC IGF GEN OP SUPPORT 25,000

HABITAT FOR HUMANITY INTERNATIONAL INC

1110 WRIGHT STREET
BRAINERD,MN56401 		  PC LEECH LAKE TRIBAL WORKFORCE HOUSING 10,000

GROVE CITY AREA LIVING AT HOME BLOCK NURSE PROGRAM

205 THIRD STREET SOUTH BOX 192
GROVE CITY,MN56243 		  PC GROVE CITY AREA CARE LIVING AT HOME PROGRAM 10,000

GRAND MARAIS ARTS INC

120 WEST THIRD AVENUE PO BOX 626
GRAND MARAIS,MN55604 		  PC OPERATING FUNDS 25,000

GOODWILL INDUSTRIES INC

553 FAIRVIEW AVENUE NORTH
SAINT PAUL,MN55104 		  PC EXPLORE, LEARN, AND EARN THROUGH VOCATIONAL & ACADEMIC TRAINING EXPERIENCES 20,000

GIVING VOICE INITIATIVE

7400 METRO BOULEVARD SUITE 255
EDINA,MN55439 		  PC GIVING VOICE ST. PAUL - ACCESS & INCLUSION THROUGH SINGING 15,000

GIRLS DREAM CODE

1006 SAINT JOHNS BAY
WOODBURY,MN55129 		  PC CODE YOUR PATH: A STEM EDUCATIONAL PROGRAM FOR GIRLS OF COLOR 15,000

RECLAIM

2446 UNIVERSITY AVENUE WEST SUITE
104
SAINT PAUL,MN55114 		  PC GENERAL OPERATING SUPPORT FOR QUEER AND TRANS YOUTH MENTAL HEALTH 20,000

GIFTS FOR SENIORS

2300 KENNEDY STREET NE SUITE 40
MINNEAPOLIS,MN55413 		  PC GIFTS FOR SENIORS GENERAL OPERATING SUPPORT 10,000

FRIENDS & CO

2550 UNIVERSITY AVENUE WEST SUITE
260-S
SAINT PAUL,MN55114 		  PC EAST METRO COMMUNITY CONVERSATIONS 16,726

FACE TO FACE HEALTH & COUNSELING SERVICE INC

1165 ARCADE STREET
SAINT PAUL,MN55106 		  PC FACE TO FACE - GENERAL OPERATING SUPPORT 25,000

ESHARA

PO BOX 3968
SAINT PAUL,MN55101 		  PC ESHARA WORKFORCE DEVELOPMENT PROGRAM 25,000

FAMILY VALUES FOR LIFE

1280 ARCADE STREET
SAINT PAUL,MN55106 		  PC GENERAL OPERATING 20,000

ELY COMMUNITY HEALTH CENTER

33 EAST CHAPMAN STREET
ELY,MN55731 		  PC ELY COMMUNITY HEALTH CENTER CAPITAL CAMPAIGN 50,000

BATTERED WOMENS LEGAL ADVOCACY PROJECT

2324 UNIVERSITY AVENUE WEST SUITE
103
SAINT PAUL,MN55114 		  PC HOUSING PROJECT 15,000

DOUGLAS COUNTY CAR CARE PROGRAM

4353 COUNTY ROAD 82 SE
ALEXANDRIA,MN56308 		  PC CAR CARE PROGRAM 25,000

YOUTHPRISE

3001 BROADWAY STREET NE SUITE 330
MINNEAPOLIS,MN55413 		  PC YOUTHPRISE 2022 25,000

WELLSHARE INTERNATIONAL

122 WEST FRANKLIN AVENUE SUITE 510
MINNEAPOLIS,MN55404 		  PC PROJECT WELLBEING 25,000

BEMIDJI COMMUNITY ARTS COUNCIL INC

505 BEMIDJI AVENUE NORTH
BEMIDJI,MN56601 		  PC WATERMARK ART CENTER SUPPORT 25,000

WAKAN TIPI AWANYANKAPI

332 MINNESOTA STREET SUITE W1520
SAINT PAUL,MN55101 		  PC GENERAL OPERATING SUPPORT FOR WAKAN TIPI AWANYANKAPI 25,000

CROW RIVER PLAYERS INC

PO BOX 536
NEW LONDON,MN56273 		  PC GEN OPS SUPPORT FOR LTA 20,000

VETERAN RESILIENCE PROJECT INC

PO BOX 1057
MINNETONKA,MN55345 		  PC ACCESS TO PTSD TREATMENT FOR NORTHERN MN VETERANS 25,000

THE MENTORING PARTNERSHIP OF MINNESOTA

43 MAIN STREET SE SUITE 508
MINNEAPOLIS,MN55414 		  PC MENTORING INNOVATION GENERAL OPERATING SUPPORT 20,000

DIASPORA ONE TIKAR ONE PEOPLE DNA DESCENDANTS OF CAMEROON AND AFRICA

16141 HOMINY COURT
LAKEVILLE,MN55044 		  PC BOULDING CAPACITY TO IMPROVE COMMUNITY VITALITY THROUGH ARTS & CULTURE 20,000

THE KAREN ORGANIZATION OF MINNESOTA

2353 RICE STREET SUITE 240
ROSEVILLE,MN55113 		  PC KAREN ELDERS & CAREGIVERS PROGRAM 20,000

STORYARK

4048 LAKELAND AVENUE NORTH PO BOX
22383
MINNEAPOLIS,MN55422 		  PC BUILDING A VIBRANT FUTURE 20,000

SOD HOUSE THEATER COMPANY

2613 - 30TH AVENUE NE ST
ANTHONY VILLAGE,MN55418 		  PC DIVERSIFYING REVENUE RESOURCES FOR SOD HOUSE THEATER 20,000
Total .................................right arrow 3a 2,799,686
bApproved for future payment

DENDEN ERITREAN YOUTH DEVELOPMENT ASSOCIATION OF MN INC
1821 UNIVERSITY AVENUE WEST SUITE
312
SAINT PAUL,MN55104 		  PC ACADEMIC, CAREER, AND LIFE SUCCESS FOR YOUNG EAST-AFRICAN AMERICANS AND THEIR FAMILIES 10,000

DARTS
1645 MARTHALER LANE WEST
SAINT PAUL,MN55118 		  PC TRANSPORTATION FOR OLDER ADULTS 15,000

CROW RIVER PLAYERS INC
PO BOX 536
NEW LONDON,MN56273 		  PC GEN OPS SUPPORT FOR LTA 20,000

PORTICO HEALTHNET
2925 CHICAGO AVENUE SOUTH GREENWAY
LEVEL SUITE 094
MINNEAPOLIS,MN55407 		  PC GENERAL OPERATING SUPPORT 20,000

SMART NORTH
C/O SABATHANI COMMUNITY CENTER 310
EAST 38TH STREET SUITE 120
MINNEAPOLIS,MN55409 		  PC DEER RIVER COMMUNITY TECH HUB 25,000

DULUTH ART INSTITUTE ASSOCIATION
506 WEST MICHIGAN STREET
DULUTH,MN55802 		  PC OPERATING SUPPORT TO BUILD CAPACITY 25,000

KOOTASCA COMMUNITY ACTION INC
201 NW 4TH STREET SUITE 130
GRAND RAPIDS,MN55744 		  PC GRAND RAPIDS EARLY CHILDHOOD EDUCATION HUB 25,000

AMPERSAND FAMILIES
1751 COUNTY ROAD B WEST SUITE 300
ROSEVILLE,MN55113 		  PC AMPERSAND FAMILIES - GENERAL OPERATING SUPPORT 25,000

ENDAZHI-NITAAWIGING CHARTER SCHOOL
PO BOX 575
RED LAKE,MN56671 		  GOV GROWING THE NEXT GENERATION OF OJIBWEMOWIN SPEAKERS 25,000

SOUTH SUDANESE FOUNDATION
1132 28TH AVENUE SUITE 101A
MOORHEAD,MN56560 		  PC SOUTH SUDANESE FOUNDATION YOUTH DEVELOPMENT 25,000

CARE CLINIC
906 COLLEGE AVENUE DOOR 1
RED WING,MN55066 		  PC ACCESS TO HEALTH CARE AND MENTAL HEALTH SERVICES FOR THE HISPANIC COMMUNITY OF GOODHUE COUNTY 25,000

AMHERST H WILDER FOUNDATION
451 LEXINGTON PARKWAY NORTH
SAINT PAUL,MN55104 		  PC ACTIVATE OPPORTUNITY: WILDER'S CAMPAIGN FOR FAMILIES 25,000

OPEN DOORS FOR YOUTH
554 THIRD STREET NW SUITE 201
ELK RIVER,MN55330 		  PC GENERAL OPERATING COSTS TO SUPPORT YOUTH EXPERIENCING HOMELESSNESS 25,000

OPEN DOORS FOR YOUTH
554 THIRD STREET NW SUITE 201
ELK RIVER,MN55330 		  PC GENERAL OPERATING COSTS TO SUPPORT YOUTH EXPERIENCING HOMELESSNESS 25,000

HUNGER SOLUTIONS MINNESOTA
555 PARK STREET SUITE 400
SAINT PAUL,MN55103 		  PC SNAP OUTREACH 25,000

AMHERST H WILDER FOUNDATION
451 LEXINGTON PARKWAY NORTH
SAINT PAUL,MN55104 		  PC ACTIVATE OPPORTUNITY: WILDER'S CAMPAIGN FOR FAMILIES 25,000

ELLISON CENTER
600 - 25TH AVENUE SOUTH SUITE 102
SAINT CLOUD,MN56301 		  PC ST. CLOUD AREA INFANT/EARLY CHILDHOOD MENTAL HEALTH PROJECT 25,000

DIAPER BANK OF MINNESOTA
2327 WYCLIFF STREET SUITE 310
SAINT PAUL,MN55114 		  PC LEVERAGING STATE FUNDING TO INCREASE THE DBM'S IMPACT IN THE EAST METRO AND GREATER MINNESOTA 25,000

YOUNG WOMENS CHRISTIAN ASSOCIATION
32 EAST FIRST STREET SUITE 202
DULUTH,MN55802 		  PC SPIRIT VALLEY CAPITAL PROJECTS 50,000

NORTHWOODS BATTERED WOMENS SHELTER INC
PO BOX 563
BEMIDJI,MN56601 		  PC NORTHWOODS BATTERED WOMEN'S SHELTER CAPITAL CAMPAIGN 50,000

SECOND HARVEST NORTHERN LAKES FOOD BANK
4503 AIRPARK BOULEVARD
DULUTH,MN55811 		  PC NOURISH THE NORTHLAND 50,000

DIVINE KONNECTIONS INC
2122 WOODLAND AVENUE
DULUTH,MN55803 		  PC ANNIE'S HOUSE OF R&R RENOVATION 50,000

SAINT PAUL & MINNESOTA FOUNDATION
101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		  PC COMMUNITY SHARING FUND 50,000

SAINT PAUL & MINNESOTA FOUNDATION
101 FIFTH STREET EAST SUITE 2400
SAINT PAUL,MN55101 		  PC COMMUNITY SHARING FUND 50,000

LAKEWOOD HEALTH SYSTEM
49725 COUNTY 83
STAPLES,MN56479 		  PC SENIOR-FRIENDLY FITNESS AT THE NEST 50,000
Total ................................. right arrow 3b 765,000
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
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 1,188,259  
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 .....     14 166,011  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 579,209  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUBIT FROM INVESTMENT PARTNERSHIP 		525990 101,042   -101,042  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 101,042 1,832,437 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,933,479
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 13,554 0   13,554

TY 2023 InvestmentsOtherSchedule2
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
INVESTMENT PARTNERSHIP FMV 63,206,992 63,206,992

TY 2023 OtherAssetsSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID TAX ASSETS 26,117    


TY 2023 OtherExpensesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SPMF ADMIN SERVICES 244,349 0   244,779
MEMBERSHIP DUES 20,000 0   20,000
INSURANCE 4,555 0   4,555
INTERNET, WEB AND DESIGN 17,712 0   17,712
INVESTMENT PARTNERSHIP EXPENSES 0 309,825   0
OTHER 800 0   800


TY 2023 OtherIncomeSchedule2
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
INVESTMENT PARTNERSHIP 166,011 142,294 166,011


TY 2023 OtherIncreasesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Description Amount
UNREALIZED GAINS 3,401,789


TY 2023 OtherLiabilitiesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED TAX LIABILITY 78,301 121,505


TY 2023 OtherProfessionalFeesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMMUNICATION CONSULTANT 2,838 0   2,838
SPMF INVESTMENT MANAGEMENT 97,496 97,496   0
INVESTMENT MANAGMENT FEES 148,102 148,102   0
PROGRAM CONSULTANT 14,625 0   14,625


TY 2023 TaxesSchedule
Name:
MARDAG FOUNDATION
EIN:
41-1698990
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 94,321 0   0
FOREIGN TAXES 0 22,283   0