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
Spell Family Foundation co William Spell
 
% WILLIAM SPELL
Number and street (or P.O. box number if mail is not delivered to street address)7201 Metro Blvd Suite 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55439
A Employer identification number

41-1788155
B Telephone number (see instructions)

(612) 371-9650
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$9,549,565J 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) 2,250,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 267,967 267,967  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 458,796
b Gross sales price for all assets on line 6a 7,040,047
7 Capital gain net income (from Part IV, line 2)... 458,796
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
-5,639 9,137  
12 Total. Add lines 1 through 11........ 2,971,124 735,900  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
14,655 14,655    
17 Interest............... 5,325 5,325    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
11,481 10,735    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,786 1,786    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 33,247 32,501   0
25 Contributions, gifts, grants paid....... 967,760 967,760
26 Total expenses and disbursements. Add lines 24 and 25 1,001,007 32,501   967,760
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,970,117
b Net investment income (if negative, enter -0-) 703,399
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......... 627,992 2,471,162 2,471,162
3 Accounts receivable right arrow1,000
Less: allowance for doubtful accounts right arrow   1,000 1,000 1,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 792,847 Click to see attachment
List of Attached Documents:
// Content
728,375 		739,314
b Investments—corporate stock (attach schedule)....... 4,468,435 Click to see attachment
List of Attached Documents:
// Content
4,615,192 		4,920,371
c Investments—corporate bonds (attach schedule)....... 892,000 Click to see attachment
List of Attached Documents:
// Content
787,103 		802,166
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).......... 461,635 Click to see attachment
List of Attached Documents:
// Content
421,118 		615,552
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,243,909 9,023,950 9,549,565
Liabilities 17 Accounts payable and accrued expenses.......... 2,599 19
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,350 		 
23 Total liabilities (add lines 17 through 22)......... 13,949 19
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 7,229,960 9,023,931
29 Total net assets or fund balances (see instructions)..... 7,229,960 9,023,931
30 Total liabilities and net assets/fund balances (see instructions). 7,243,909 9,023,950
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
7,229,960
2
Enter amount from Part I, line 27a .....................
2
1,970,117
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
9,200,077
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
176,146
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
9,023,931
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 CALVERT SHT DUR INC.   2022-03-15 2023-02-21
b CGM MXEA   2022-02-24 2023-01-10
c JPM SPX   2022-01-27 2023-01-10
d JPM MXEA   2022-01-27 2023-01-11
e JPM MXEF   2022-02-24 2023-01-11
RBC MXEF   2022-01-27 2023-01-10
RBC MXEA   2022-03-28 2023-01-10
RBC MXEF   2022-03-28 2023-01-11
UST BILL   2023-01-11 2023-04-25
CGM SPX   2021-11-26 2023-01-10
CGM SPX   2021-12-27 2023-01-10
ABBOTT LABS   2023-06-23 2023-07-19
META PLATFORMS IN CLASS A   2023-06-23 2023-07-19
CALVERT SHT DUR INC.   2022-03-15 2023-06-23
MICROCHIP TECHNOLOGY   2021-01-04 2023-12-15
PACKAGING CORP OF AMERICA   2021-01-04 2023-12-15
PACKAGING CORP OF AMERICA   2022-07-18 2023-12-15
PACKAGING CORP OF AMERICA   2022-09-26 2023-12-15
PACKAGING CORP OF AMERICA   2022-09-26 2023-12-15
UST BILL   2023-01-11 2023-05-25
UST BILL   2023-03-27 2023-06-01
UST BILL   2023-03-31 2023-06-06
UST BILL   2023-02-03 2023-06-15
AT&T   2022-06-30 2023-06-23
AT&T   2022-07-08 2023-06-23
AT&T   2022-09-26 2023-06-23
COSTCO   2022-06-30 2023-06-23
DEUTSCHE TELEKOM   2022-09-26 2023-06-23
EATON VANCE TAX - A MANAGED   2022-07-08 2023-06-23
EATON VANCE TAX MANAGED   2022-07-08 2023-06-23
EATON VANCE TAX - MANAGED GL   2022-07-08 2023-06-23
FEDEX CORP   2022-09-26 2023-06-23
HEWLETT PACKARD COMPANY   2022-09-26 2023-06-23
KIMBERLY CLARK   2022-06-30 2023-06-23
KIMBERLY CLARK   2022-09-26 2023-06-23
MICRON TECHNOLOGY   2022-06-30 2023-06-23
PROCTER & GAMBLE   2022-07-08 2023-06-23
ROCHE HOLDING LTD   2022-06-30 2023-06-23
SUBURBAN PROPANE LP   2022-07-08 2023-06-23
SWISSCOM AG   2022-06-30 2023-06-23
TELIA COMPANY   2022-07-08 2023-06-23
TAIWAN SEMICONDUCTER   2022-07-08 2023-06-23
VERIZON COMMUNICATIONS   2022-09-26 2023-06-23
ZURICH INSURANCE   2022-06-30 2023-06-23
AUSTEVOLL SEAFOOD   2022-06-30 2023-06-23
GENCO SHIPPING & TRADING   2022-06-30 2023-06-23
GENCO SHIPPING & TRADING   2022-07-08 2023-06-23
GENCO SHIPPING & TRADING   2022-09-26 2023-06-23
COSTCO   2020-12-28 2023-06-23
COSTCO   2021-11-18 2023-06-23
COSTCO   2021-12-03 2023-06-23
COSTCO   2022-01-12 2023-06-23
COSTCO   2022-01-20 2023-06-23
COSTCO   2022-01-24 2023-06-23
EATON VANCE TAX MANAGED BUY-WRITE   2022-05-31 2023-06-23
EATON VANCE TAX MANAGED BUY-WRITE   2022-06-01 2023-06-23
FEDEX CORP   2021-12-30 2023-06-23
FEDEX CORP   2022-06-01 2023-06-23
FEDEX CORP   2022-06-08 2023-06-23
HEWLETT PACKARD COMPANY   2022-06-09 2023-06-23
HEWLETT PACKARD COMPANY   2022-06-10 2023-06-23
JOHNSON & JOHNSON   2014-04-10 2023-06-23
JOHNSON & JOHNSON   2016-12-29 2023-06-23
JOHNSON & JOHNSON   2020-12-28 2023-06-23
KIMBERLY CLARK   2022-06-08 2023-06-23
MADISON COVERED CALL & EQUITY   2022-05-31 2023-06-23
MADISON COVERED CALL & EQUITY   2022-06-02 2023-06-23
MADISON COVERED CALL & EQUITY   2022-06-10 2023-06-23
MICRON TECHNOLOGY   2022-06-08 2023-06-23
MICRON TECHNOLOGY   2022-06-10 2023-06-23
PROCTER & GAMBLE   2022-02-09 2023-06-23
QUALCOMM   2022-06-01 2023-06-23
QUALCOMM   2022-06-08 2023-06-23
QUALCOMM   2022-06-10 2023-06-23
ROCHE HOLDING LTD   2022-06-01 2023-06-23
SPARK NEW ZEALAND   2022-06-02 2023-06-23
SPARK NEW ZEALAND   2022-06-08 2023-06-23
SUBURBAN PROPANE LP   2016-02-08 2023-06-23
SUBURBAN PROPANE LP   2020-03-12 2023-06-23
SUBURBAN PROPANE LP   2022-06-10 2023-06-23
SWISS RE LTD   2022-05-31 2023-06-23
SWISS RE LTD   2022-06-01 2023-06-23
TAIWAN SEMICONDUCTER   2021-11-18 2023-06-23
TAIWAN SEMICONDUCTER   2021-11-30 2023-06-23
TAIWAN SEMICONDUCTER   2021-12-03 2023-06-23
TAIWAN SEMICONDUCTER   2022-01-24 2023-06-23
TAIWAN SEMICONDUCTER   2022-06-10 2023-06-23
TELENOR ASA   2022-06-01 2023-06-23
TELENOR ASA   2022-06-08 2023-06-23
TELIA COMPANY   2022-06-01 2023-06-23
TELIA COMPANY   2022-06-02 2023-06-23
TELIA COMPANY   2022-06-08 2023-06-23
VERIZON COMMUNICATIONS   2014-02-25 2023-06-23
VERIZON COMMUNICATIONS   2021-11-17 2023-06-23
VERIZON COMMUNICATIONS   2022-06-01 2023-06-23
VERIZON COMMUNICATIONS   2022-06-08 2023-06-23
WASTE MANAGEMENT INC   2022-06-08 2023-06-23
WASTE MANAGEMENT INC   2022-06-10 2023-06-23
ZURICH INSURANCE   2022-06-08 2023-06-23
GENCO SHIPPING & TRADING   2022-05-31 2023-06-23
GENCO SHIPPING & TRADING   2022-06-01 2023-06-23
GENCO SHIPPING & TRADING   2022-06-08 2023-06-23
CRESTWOOD EQUITY PARTNERS   2015-11-13 2023-06-26
CRESTWOOD EQUITY PARTNERS   2015-11-13 2023-06-26
ENERGY TRANSFER   2020-03-03 2023-12-15
ENERGY TRANSFER   2020-03-02 2023-12-15
PACKAGING CORP OF AMERICA   2022-06-30 2023-12-15
PACKAGING CORP OF AMERICA   2022-09-26 2023-12-15
SUBURBAN PROPANE LP     2023-06-23
CRESTWOOD EQUITY PARTNERS     2023-06-26
MICROCHIP TECHNOLOGY     2023-12-15
CAPITAL GAIN DIVIDENDS P    
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(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 50,000   51,704 -1,704
b 66,585   70,000 -3,415
c 79,940   85,000 -5,060
d 94,615   100,000 -5,385
e 69,473   75,000 -5,527
76,404   85,000 -8,596
85,282   89,000 -3,718
63,645   68,000 -4,355
249,945   246,852 3,093
54,153   60,000 -5,847
52,617   60,000 -7,383
35,038   35,281 -243
33,768   30,614 3,154
53,308   55,017 -1,709
157,072   116,444 40,628
196,574   163,890 32,684
24,572   20,286 4,286
40,953   28,482 12,471
81,906   56,701 25,205
245,932   245,932  
426,814   426,814  
261,043   261,043  
241,199   241,199  
73,262   99,714 -26,452
15,423   21,043 -5,620
34,549   35,570 -1,021
62,875   57,321 5,554
127,199   103,685 23,514
74,044   78,609 -4,565
80,482   85,444 -4,962
6,439   6,824 -385
58,135   36,518 21,617
15,644   13,297 2,347
41,083   40,597 486
20,541   18,023 2,518
81,642   69,891 11,751
29,658   29,206 452
38,350   42,042 -3,692
44,321   30,662 13,659
154,599   138,230 16,369
10,525   19,240 -8,715
50,931   41,044 9,887
17,758   19,683 -1,925
70,859   65,491 5,368
56,285   103,195 -46,910
27,868   37,537 -9,669
41,802   48,783 -6,981
27,868   23,561 4,307
52,396   20,713 31,683
2,096   829 1,267
4,716   1,864 2,852
2,096   829 1,267
2,620   1,036 1,584
4,192   1,657 2,535
87,102   96,322 -9,220
80,881   88,549 -7,668
69,762   50,388 19,374
23,254   16,796 6,458
23,254   16,796 6,458
59,259   75,102 -15,843
59,259   71,165 -11,906
8,269   4,874 3,395
33,074   19,494 13,580
198,447   116,964 81,483
89,012   85,378 3,634
72,115   72,031 84
91,947   92,148 -201
36,058   36,085 -27
48,985   51,728 -2,743
65,314   63,012 2,302
74,145   79,953 -5,808
51,179   63,789 -12,610
45,492   55,608 -10,116
56,866   66,612 -9,746
47,937   52,629 -4,692
42,012   42,248 -236
77,799   77,216 583
22,161   15,331 6,830
32,148   22,240 9,908
44,321   30,662 13,659
73,619   61,935 11,684
76,073   63,135 12,938
713   864 -151
5,195   5,990 -795
5,501   6,390 -889
5,806   7,024 -1,218
76,397   67,142 9,255
33,956   46,510 -12,554
49,936   67,105 -17,169
842   1,681 -839
20,208   39,565 -19,357
21,050   40,005 -18,955
31,503   5,194 26,309
4,013   662 3,351
42,620   62,077 -19,457
35,517   51,582 -16,065
49,672   47,450 2,222
82,786   76,130 6,656
47,240   44,495 2,745
27,868   48,491 -20,623
47,376   85,120 -37,744
13,934   23,539 -9,605
45,391     55,724
156     192
99,620   51,762 47,858
110,090   57,203 52,887
163,812   136,485 27,327
49,144   33,875 15,269
4,787   3,311 1,476
9,266     11,375
184,791   31,490 153,301
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      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
      15,032
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       -1,704
b       -3,415
c       -5,060
d       -5,385
e       -5,527
      -8,596
      -3,718
      -4,355
      3,093
      -5,847
      -7,383
      -243
      3,154
      -1,709
      40,628
      32,684
      4,286
      12,471
      25,205
       
       
       
       
      -26,452
      -5,620
      -1,021
      5,554
      23,514
      -4,565
      -4,962
      -385
      21,617
      2,347
      486
      2,518
      11,751
      452
      -3,692
      13,659
      16,369
      -8,715
      9,887
      -1,925
      5,368
      -46,910
      -9,669
      -6,981
      4,307
      31,683
      1,267
      2,852
      1,267
      1,584
      2,535
      -9,220
      -7,668
      19,374
      6,458
      6,458
      -15,843
      -11,906
      3,395
      13,580
      81,483
      3,634
      84
      -201
      -27
      -2,743
      2,302
      -5,808
      -12,610
      -10,116
      -9,746
      -4,692
      -236
      583
      6,830
      9,908
      13,659
      11,684
      12,938
      -151
      -795
      -889
      -1,218
      9,255
      -12,554
      -17,169
      -839
      -19,357
      -18,955
      26,309
      3,351
      -19,457
      -16,065
      2,222
      6,656
      2,745
      -20,623
      -37,744
      -9,605
      45,391
      156
      47,858
      52,887
      27,327
      15,269
      1,476
      9,266
      153,301
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 458,796
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 9,777
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,777
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,777
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
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 43
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 5,180
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow5,180 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
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 arrow  
14
The books are in care ofright arrowWILLIAM SPELL Telephone no.right arrow (612) 371-9650

Located atright arrow7201 METRO BLVD SUITE 850MINNEAPOLISMN ZIP+4right arrow55439
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
WILLIAM SPELL PRESIDENT/CEO
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
DIANNE SPELL SECRETARY
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
HARRY SPELL II DIRECTOR/CFO
0 		0 0 0
5320 Elmridge Circle
Shorewood,MN55331
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
 
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE  
2 NONE  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
6,585,709
b
Average of monthly cash balances.......................
1b
853,314
c
Fair market value of all other assets (see instructions)................
1c
799,842
d
Total (add lines 1a, b, and c).........................
1d
8,238,865
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
8,238,865
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
123,583
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,115,282
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
405,764
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
405,764
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,777
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,777
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
395,987
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
395,987
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
395,987
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
967,760
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
967,760
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 7 395,987
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 21,437
c From 2020......  
d From 2021...... 17,595
e From 2022......  
f Total of lines 3a through e ........ 39,032
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 967,760
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 395,987
e Remaining amount distributed out of corpus 571,773
5 Excess distributions carryover applied to 2023.    
(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 5 610,805
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...... 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		610,805
10 Analysis of line 9:
a Excess from 2019.... 21,437
b Excess from 2020....  
c Excess from 2021.... 17,595
d Excess from 2022....  
e Excess from 2023.... 571,773
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).)
WILLIAM SPELL
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.
NONE
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:
WILLIAM SPELL
7201 Metro Blvd Suite 850
MINNEAPOLIS,MN55439
(612) 371-9650
bThe form in which applications should be submitted and information and materials they should include:
LETTER REQUESTING FUNDS SHOULD CONTAIN NATURE OF GIFT AND INFORMATION ON THE ORGANIZATION. SEND TO: WILLIAM SPELL 7201 METRO BLVD, SUITE 850 MINNEAPOLIS, MN 55439 612-371-9650
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

ST MARYS GREEK ORTHODOX CHURCH

3450 IRVING AVE SOUTH
Minneapolis,MN55408 		  PC ANNUAL FUND 48,000

ORDER OF ST ANDREW THE APOSTLE

8 E 79TH STREET
NEW YORK,NY10075 		  PC MINISTRY 400

CENTER OF THE AMERICAN EXPERIMENT

8441 WAYZATA BLVD SUITE 350
GOLDEN VALLEY,MN55426 		  PC EDUCATION 7,500

Ecumenical Patriarch Bartholomew Foundation Inc

8 East 79th Street
New York,NY10075 		  PC General Operations 25,000

McPhail Center for Music

501 South Second Street
Minneapolis,MN55401 		  PC General Program Support 250

Holy Trinity Greek Orthodox Cathedral

1973 Maryland Avenue
Phoenix,AZ85016 		  PC General Operations 500,000

Dormation of the Virgin Mary Greek Orthodox Church

111 Saint Andrews Road
Southampton,NY11968 		  PC General Operations 25,000

SAE Minnesota Alpha Education Fund

1815 University Ave SE
Minneapolis,MN55414 		  PC General Operations 10,000

30 day Foundation

8014 Olson Memorial Hwy 195
Golden Valley,MN55427 		  PC General Foundation 1,400

The Hellenic Institute

1220 16th Street NW
Washington,DC20036 		  PC General Operations 18,210

Friends of the Hogar Rafael Ayau

939 W North Avenue
Suite 750
Chicago,IL60642 		  PC General Operations 10,000

MN Fraternal Order of Police Foundation

PO BOX 270026
Golden Valley,MN55427 		  PC General Operations 1,000

Greek Orthodox Church of St John the Baptist

143 East 17th Street
New York,NY10003 		  PC General Operations 10,000

Hellenic College - Holy Cross Greek Orthodox

50 Goddard Avenue
Brookline,MA02445 		  PC General Operations 250,000

Greek Orthodox Metropolis of Chicago

555 E Butterfield Road Suite 201
Lombard,IL60148 		  PC General Operations 5,000

The Orthodox Christian Mission Center

220 Mason Manatee Way
St Augustine,FL320869302 		  PC General Operations 10,000

Fordham University-Orthodox Christian Studies Ctr

441 E Fordham Rd
Bronx,NY10458 		  PC General Operations 10,000

St Thomas More Play Group

65 East 89th Street
New York,NY10128 		  PC General Operations 10,000

Ryan House

110 W Muhammad Ali Way
Phoeniz,AZ85013 		  PC General Operations 1,000

St Nicholas Greek Orthodox Church

130 Liberty Street
New York,NY10006 		  PC General Operations 25,000
Total .................................right arrow 3a 967,760
bApproved for future payment
Total ................................. right arrow 3b  
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 ....     14 267,967  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 458,796  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME 		523000   18 -5,639  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   721,124  
13Total. Add line 12, columns (b), (d), and (e)..................
13
721,124
(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
Spell Family Foundation co William Spell
 
Employer identification number

41-1788155
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
Spell Family Foundation co William Spell
  		Employer identification number
41-1788155
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
WILLIAM SPELL
4706 WHITE OAKS ROAD
 
EDINA, MN55424

$ 2,096,850


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DIANNE SPELL
4706 WHITE OAKS ROAD
 
EDINA, MN55424

$ 153,150


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
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
 21,000 Units of Energy Transfer LP $ 283,710 2023-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1,700 shares of Microchip Technology $ 127,704 2023-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 1,600 Packaging Corp of America $ 251,632 2023-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 209 shares of Microsoft Corporation $ 74,515 2023-11-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 500 shared of Packaging Corp of America $ 78,635 2023-11-06
(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
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
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 AllOthProgRltdInvestmentsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount
NONE  

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

TY 2023 DepreciationSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2023 InvestmentsCorpBondsSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Bond End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS GROUP INC 200,000 199,366
ROYAL BANK CANADA 68,911 71,756
INTERNATIONAL BUSINESS MACHS 115,780 119,317
JOHN DEERE CAPITAL CORP 50,550 51,565
ALLEGHANY CORP 46,738 47,315
TOYOTA MOTOR CREDIT CORP 24,600 25,198
MEDTRONIC 117,000 117,330
TORONTO DOMINION BANK 163,524 170,319

TY 2023 InvestmentsCorpStockSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Stock End of Year Book Value End of Year Fair Market Value
AT&T 12,069 12,753
HP INC 11,887 14,202
MICROSOFT CORP 126,418 140,639
ABBVIE INC ABBV 34,162 38,433
ALLOVIR,INC. ALVR 5,363 1,100
ALPHABET INC, CL-A 73,216 83,535
AMERICAN EXPRESS COMPANY AXP 32,805 36,531
AMGEN INC 51,007 66,245
APPLE INC 111,849 115,133
AUTOZONE INC 62,681 67,226
BELLRING BRANDS INC 37,490 57,592
BRISTOL MYERS SQUIBB 10,193 8,158
CBRE GROUP INC CLASS A 18,410 22,900
CHEVRON CORP 10,151 9,994
CISCO SYS INC 18,387 18,440
CITIGROUP INC COME 13,084 14,609
COGNIZANT TECHNOLOGY SOLUTIONS 15,316 18,656
CONSTELLATION ENERGY CORP 16,083 20,690
EXELON CORP 21,122 18,955
EXXON MOBIL CORP 20,851 20,396
FLEX LTD 54,302 62,595
GILEAD SCIENCES INC 34,089 35,563
HANNON ARMSTRONG SUSTAINABLE 5,260 6,123
HOME DEPOT 27,351 31,536
JP MORGAN CHASE 18,741 22,964
KLA - TENCORKLAC 47,156 59,874
KROGER 14,404 14,262
LOCKHEED MARTIN 38,484 38,525
MASCO CORP 40,847 49,498
MATCH GROUP INC 32,647 25,076
METLIFE 51,188 63,353
NUCOR CORPORATION 15,111 16,186
PROGRESS SOFTWARE CORPORATION 34,425 33,883
RTX CORP 18,300 15,902
TJX COS INC COM 27,865 31,802
ULTA BEAUTY INC 21,237 22,540
VERTEX PHARMACEUTICALS INC 47,014 55,337
VICI PROPERTIES INC 13,644 14,155
ACCENTURE PLC CLASS A 33,979 39,653
BUNGE GLOBAL 36,289 38,866
SUNCOR ENERGY INC 18,760 21,082
TECK RESOURCES LTD 22,252 23,798
ISHARES CMBS ETF 34,164 34,625
ISHARES MBS 103,050 103,488
BAIRD MID CAP INSTL FUND 32,642 34,107
FEDERATED KAUFMANN SMALL CAP 81,243 85,728
MFS MIDCAP VALUE FUND 76,165 81,948
THORNBURG INTERNATIONAL EQUITY 870,461 899,597
VANECK EMERGING MARKETS 435,231 456,944
VANGUARD DEVELOPED MARKET INDE 580,308 615,054
VANGUARD MID-CAP INDEX 326,423 357,933
VANGUARD SMALL-CAP 95,751 107,101
WESTWOOD QUALITY SMALL CAP 113,160 124,258
MORGAN STANLEY BANK 175,000 175,095
CITY NATIONAL BANK CA 86,728 86,497
B1 BANK BATON ROUGE 49,863 49,782
CAPITAL ONE NATL ASSN 24,114 24,153
DORT FINANCIAL CREDIT UNION 175,000 175,301

TY 2023 InvestmentsGovtObligationsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
US Government Securities - End of Year Book Value:

136,508
US Government Securities - End of Year Fair Market Value:

136,512
State & Local Government Securities - End of Year Book Value:


591,867
State & Local Government Securities - End of Year Fair Market Value:


602,802


TY 2023 InvestmentsOtherSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ENERGY TRANSFER FMV 186,572 355,184
SBIC FMV 176,305 202,127
OTHER INVESTMENTS FMV 58,241 58,241

TY 2023 OtherDecreasesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Amount
DONATED STOCK ADJUSTMENT (SALE) 176,146


TY 2023 OtherExpensesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE 1,281 1,281    
PORTFOLIO DEDUCTIONS K1 505 505    


TY 2023 OtherIncomeSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH INCOME -16,337 9,137  
REFUND - TAXES 10,698    


TY 2023 OtherLiabilitiesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT 4 - BOOK VALUE RECL 11,350  


TY 2023 OtherProfessionalFeesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 14,655 14,655    


TY 2023 TaxesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 10,735 10,735    
UBTI TAX 746