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
Offutt Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)225 Broadway N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fargo, ND58102
A Employer identification number

26-6574983
B Telephone number (see instructions)

(701) 237-6062
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$272,978,452J 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) 53,005,767
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,247,552 2,247,552  
4 Dividends and interest from securities... 1,002,341 1,002,341  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,960,319
b Gross sales price for all assets on line 6a 11,781,846
7 Capital gain net income (from Part IV, line 2)... 1,960,319
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
37,201 615,878  
12 Total. Add lines 1 through 11........ 58,253,180 5,826,090  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 472,515 0   472,515
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
7,591 0   7,591
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
285,291 221,260   61,788
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
75,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,351 0   4,351
22 Printing and publications.......... 7,843 0   7,843
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
115,906 0   894
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 968,497 221,260   554,982
25 Contributions, gifts, grants paid....... 10,336,207 10,336,207
26 Total expenses and disbursements. Add lines 24 and 25 11,304,704 221,260   10,891,189
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 46,948,476
b Net investment income (if negative, enter -0-) 5,604,830
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......... 73,289,209 96,634,918 96,634,918
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
124,079 		124,079
b Investments—corporate stock (attach schedule)....... 99,744,723 Click to see attachment
List of Attached Documents:
// Content
22,679,066 		22,679,066
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).......... 34,660,238 Click to see attachment
List of Attached Documents:
// Content
151,477,696 		153,536,899
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
0 		Click to see attachment
List of Attached Documents:
// Content
3,490 		Click to see attachment
List of Attached Documents:
// Content
3,490
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 207,694,170 270,919,249 272,978,452
Liabilities 17 Accounts payable and accrued expenses..........    
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
850,000 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 850,000 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 206,844,170 270,919,249
29 Total net assets or fund balances (see instructions)..... 206,844,170 270,919,249
30 Total liabilities and net assets/fund balances (see instructions). 207,694,170 270,919,249
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
206,844,170
2
Enter amount from Part I, line 27a .....................
2
46,948,476
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
18,137,297
4
Add lines 1, 2, and 3 ..........................
4
271,929,943
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,010,694
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
270,919,249
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Securities P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,781,846   9,821,527 1,960,319
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       1,960,319
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 1,960,319
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 77,907
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 77,907
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 77,907
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 52,744
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 127,744
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
8 947
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 48,890
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow48,890 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowND
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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
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 arrowN/A
14
The books are in care ofright arrowBill Nielson Telephone no.right arrow (701) 526-9644

Located atright arrow225 Broadway NFargoND ZIP+4right arrow58102
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Ronald D Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Karen Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Shelly Neal Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Rondi McGovern Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Allan F Knoll Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Christi Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Ryan Offutt Trustee
0.10 		0 0 0
225 Broadway N
Fargo,ND58102
Thomas K Espel Executive Director
20.00 		0 0 0
225 Broadway N
Fargo,ND58102
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
Jessi Zenker Program Manager
32.00 		96,000 0 0
225 Broadway
Fargo,ND58102
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
Verus Investment manager 221,260
800 Fifth Avenue Suite 3900
Seattle,WA98104
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
112,504,434
b
Average of monthly cash balances.......................
1b
68,108,913
c
Fair market value of all other assets (see instructions)................
1c
36,333,879
d
Total (add lines 1a, b, and c).........................
1d
216,947,226
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
216,947,226
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,254,208
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
213,693,018
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,684,651
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
10,684,651
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
77,907
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
77,907
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,606,744
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,606,744
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
10,606,744
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
10,891,189
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
10,891,189
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 10,606,744
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 3,516,022
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$ 10,891,189
a Applied to 2022, but not more than line 2a 3,516,022
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..... 7,375,167
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 .......... 		3,231,577
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).)
Ronald D Offutt
Karen Offutt
Shelly Neal
Rondi McGovern
Christi Offutt
Ryan Offutt
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ABERDEEN FAMILY Y

5 S State St
Aberdeen,SD57401 		None PC youth center 50,000

ABUSED ADULT RESOURCE CENTER

218 W Broadway
Bismarck,ND58501 		None PC capital fund 25,000

Adult & Teen Challenge

1406 2nd St NW
Mandan,ND58554 		None PC general fund 1,000

AMERICAN DIABETES ASSOCIATION ND

PO Box 7023
Merrifield,VA221167023 		None PC general fund 3,750

American Diabetes Association ND

PO Box 7023
Merrifield,VA22116 		None PC general fund 5,000

ANGELS HOCKEY

1401 5th Ave N
Fargo,ND58102 		None PC capital fund 100,000

Anne Carlsen Center

PO Box 8000
Jamestown,ND58402 		None PC general fund 1,000

Barnesville Area Community Fund

PO Box 461
Barnesville,MN56514 		None PC general fund 1,000

Becker County Museum

PO Box 622
Detroit Lakes,MN56501 		None PC Peterson archive 62,500

BERTHA-HEWITT SPORTS BOOSTERS

310 Central Ave S
Bertha,MN56437 		None PC general fund 7,500

BIG BROTHERS BIG SISTERS OF CENTRAL MN

6700 US-10
Sauk Rapids,MN56379 		None PC general fund 7,500

BIG SKY ECONOMIC DEVELOPMENT

201 N Broadway
Billings,MT59101 		None PC general fund 7,500

Boy & Girl Clubs of the Columbia Basin

425 Paxson Dr
Moses Lake,WA98837 		None PC general fund 3,750

Boys & Girls Clubs of the Red River Valley

2500 18th Street S
Fargo,ND58103 		None PC general fund 1,000

Brady Oberg Legacy Foundation

25093 150th Ave N
Ulen,MN56585 		None PC general fund 1,000

BROOTEN COMMUNITY FOUNDATION

PO Box 124
Brooten,MN56316 		None PC general fund 3,750

CENTURY SCHOOL PTA HELPING HANDS

802 5th St N
Cassleton,ND58012 		None PC general fund 3,750

COCONINO TRAIL RIDERS

5500 E Penstock Ave
Flagstaff,AZ86004 		None PC general fund 7,500

COLUMBIA BASIN FOUNDATION

406 W Main St
Coulee City,WA99115 		None PC general fund 7,500

COLUMBIA INDUSTRIES

1707 E James St
Pasco,WA99301 		None PC general fund 3,750

CONCORDIA COLLEGE

901 8th St S
Moorhead,MN56562 		None PC The Cobber Fund 7,252,500

CONCORDIA FOOTBALL

901 8th St S
Moorhead,MN56562 		None PC sponsorship 5,000

CONNELL HERITAGE FOUNDATION

214 Massachusetts Ave NE
Washington,DC200024999 		None PC general fund 3,750

CONSTRUCTION ZONE

257 Laura Louise Lane
Bozeman,MT59718 		None PC general fund 7,500

Cullen Children's Foundation

PO Box 594
West Fargo,ND58078 		None PC general fund 1,000

Dakota Medical Foundation

4141 28th Ave S
Fargo,ND58104 		None PC Recovery Reinvented 5,000

DMF 4-6-3 Foundation

4321 20th Ave S
Fargo,ND58103 		None PC general fund 1,000

DORDT UNIVERSITY

700 7th St NE
Sioux Center,IA51250 		None PC general fund 100,000

EASTERN NORTH DAKOTA SYNOD

1555 43rd St S 100
Fargo,ND58103 		None PC dev officer fund 50,000

EMERGENCY FOOD PANTRY

1101 4th Ave N
FARGO,ND58102 		None PC general fund 1,000

EVA'S HEROES

11120 Wurzbach Rd 300
San Antonio,TX78230 		None PC general fund 7,500

Fargo Air Museum

1609 19th Ave N
Fargo,ND58102 		None PC general fund 1,000

FEEDING OUR COMMUNITIES PARTNERS

1910 Lor Ray Drive
North Mankato,MN56002 		None PC general fund 3,750

FISH OF VANCOUVER

7650 NE 33rd Dr
Portland,OR67211 		None PC general fund 3,750

FM AREA FOUNDATION

409 7th St S
FARGO,ND58103 		None PC caring catalog 12,500

FRIENDS OF WADENA COUNTY YOUTH

PO Box 133
Wadena,MN56482 		None PC general fund 7,500

Great Plains Food Bank

1702 3RD Ave N
Fargo,ND58102 		None PC general fund 5,000

HAZEN PUBLIC LIBRARY

PO Box 604
Hazen,ND58545 		None PC general fund 3,750

HEARTLAND LAKES DEVELOPMENT COMMISSION

100 8th St E
Park Rapids,MN56470 		None PC general fund 3,750

HERO Healthcare Equipment Recyclying Organization

5012 53rd St S Ste C
Fargo,ND58104 		None PC general fund 1,000

HIGH HOPES

18 4th Ave E
Ada,MN56510 		None PC general fund 7,500

HITTERDALE FIRE DEPT

101 NP Ave
Hitterdale,MN56552 		None NC Two sets of cold water rescue suits. 5,250

HMONG NURSES ASSOCIATION

2714 Vinyard Pl
Fowler,CA93625 		None PC general fund 3,750

HOPE BLOOMS

758 34th St N
Fargo,ND58102 		None PC general fund 7,500

HOPE INC

810 4th Ave S 104
Moorhead,MN56560 		None PC general fund 10,000

HOSPICE OF THE RED RIVER VALLEY

1701 38th St S Suite 101
Fargo,ND58103 		None PC house fund 665,000

HUB AREA HABITAT FOR HUMANITY

4935 6th Ave SE
Aberdeen,SD57401 		None PC general fund 3,750

HUBBARD COUNTY DAC

109 Pleasant Ave S
Park Rapids,MN56470 		None PC general fund 3,750

JOEL BIRR MEMORIAL FOUNDATION

11030 Holly Ln
Dayton,MN55369 		None PC general fund 7,500

Lake Region Healthcare Foundation Fergus Falls

712 S Cascade St
Fergus Falls,MN56537 		None PC general fund 1,000

Legacy Children's Foundation

3425 1st St N
Fargo,ND58102 		None PC summer literacy program 45,000

LUTHER SEMINARY

2481 Como Ave
St Paul,MN55108 		None PC faith academy 325,000

MAGGIE JEAN FOUNDATION

1710 E College Dr
Marshall,MN56258 		None PC general fund 2,625

MAYO FOUNDATION

200 1st St SW
Rochester,MN55905 		None PC research 100,000

MCLEAN FAMILY RESOURCES CENTER

205 7th St
Washburn,ND58577 		None PC general fund 3,750

MINNESOTA PRIVATE COLLEGE FUND

445 Minnestoa St Suite 500
St Paul,MN55101 		None PC scholarships 20,000

MISS NORTH DAKOTA EDUCATIONAL SCHOLARSHIP FUND

PO Box 607
Williston,ND588020607 		None PC scholarships 5,000

MN AG IN THE CLASSROOM INC FOUNDATION

PO Box 553
Luverne,MN561560553 		None PC general fund 3,750

MOORHEAD WRESTLING

1955 29th St Cir S
Moorhead,MN56560 		None PC sponsorship 1,000

ND FFA FOUNDATION

909 Basin Ave
Bismarck,ND58504 		None PC sponsorship 1,500

NEXUS-PATH FAMILY HEALING

1202 Westrac Dr
Fargo,ND58103 		None PC school case mgmt 35,000

NOAH BATES MEMORIAL FOUNDATON

100 Oakvista Dr
Aledo,TX76008 		None PC general fund 7,500

NORTH DAKOTA STATE UNIVERSITY FOUNDATION

1241 University Dr N PO Box 5144
Fargo,ND58105 		None PC NICE ideas 7,500

NORTHERN LIGHTS COUNCIL

4200 19th Ave S
Fargo,ND58103 		None PC sponorship 1,250

NORTHLAND CARES

1091 Commerce Dr
Prescott,AZ86305 		None PC general fund 3,750

NORTHWEST MN SYNOD

310 14th Ave S
Moorhead,MN56562 		None PC general fund 60,000

OAK GROVE LUTHERAN SCHOOL

124 N Terrace N
Fargo,ND58102 		None PC capital fund 125,000

PATROL BASE AABBATE

8571 Running W Rd
Missoula,MT59808 		None PC general fund 7,500

PERHAM AREA COMMUNITY CENTER

620 3rd Ave SE
Perham,MN56573 		None PC capital fund 66,666

PRAY FOR GRAY FOUNDATION

PO Box 446
Fargo,ND58107 		None PC general fund 1,000

RAE OF LIGHT FOUNDATION

5500 E Penstock Ave
Flagstaff,AZ86004 		None PC general fund 3,750

Rape and Abuse Crisis Center

317 8th Street North
Fargo,ND58102 		None PC general fund 5,000

REACH

PO Box 237
Hawley,MN56549 		None PC internship 6,000

REACH - Rural Enrichment and Counseling Headquarters

421 5th ST
Hawley,MN56549 		None PC general fund 1,000

Red River Children's Advocacy Center

2601 12th Ave S Suite B
Fargo,ND58103 		None PC general fund 1,000

RED RIVER VALLEY FAIR FOUNDATION

1805 Main Ave W
West Fargo,ND58078 		None PC general fund 7,500

RIVER KEEPERS

1120 28th Ave N Ste B
Fargo,ND58102 		None PC general fund 3,750

ROCHESTER ACTIVE SPORTS CLUB

1236 60th Ave NW
Rochester,MN55901 		None PC general fund 7,500

RONALD MCDONALD HOUSE CHARITIES

1236 60th Ave NW
Rochester,MN55901 		None PC general fund 3,750

Ronald McDonald House Charities of the Red River Valley

4757 Agassiz Xing S
Fargo,ND58104 		None PC general fund 1,000

SAN LUIS OBISPO COUNTY AG ED COMMITTEE

501 El Camino S
Salinas,CA93908 		None PC general fund 3,750

Sanford Foundation

PO Box 2010
Fargo,ND581220302 		None PC Heart center 300,000

Sanford Roger Maris Cancer Center

736 Broadway N
Fargo,ND58102 		None PC general fund 1,000

SLEEP IN HEAVENLY PEACE

4935 6th Ave SE
Aberdeen,SD57401 		None PC general fund 3,750

SMITH-LEMLI-OPITZ FOUNDATION

PO Box 10598
Fargo,ND581060598 		None PC endowment 5,000

Theodore Roosevelt Presidential Library Foundation

1611 East Century Ave
Bismarck,ND58503 		None PC building pledge 250,000

TNT Kid's Fitness & Gymnastics

2800 Main Ave
Fargo,ND58103 		None PC pledge 66,666

TRI-CITIES PREP

1707 E James St
Pasco,WA99301 		None PC general fund 7,500

TROLLWOOD PERFORMING ARTS SCHOOL

801 50th Ave S
Moorhead,MN56560 		None PC general fund 7,500

Tumbleweed Runaway Program Inc

5221 Midland Rd
Billings,MT59101 		None PC general fund 7,500

UMOM

3333 E Van Buren St
Phoenix,AZ85008 		None PC general fund 3,750

UNITED WAY OF OTTER TAIL AND WADENA

120 E Washington Ave
Fergus Falls,MN56537 		None PC general fund 7,500

UNIVERSITY OF MARY

7500 Univ Dr
Bismarck,ND58504 		None PC vision 2030 capital fund 100,000

UNIVERSITY OF MINNESOTA FOUNDATION

1710 E College Dr
Marshall,MN56258 		None PC general fund 3,750

UNIVERSITY OF NORTH DAKOTA FOUNDATION

3501 Univ Ave Stop 8157
Grand Forks,ND58202 		None PC map the system fund 2,500

UNIVERSITY OF ST THOMAS

2115 Summit Ave
St Paul,MN55105 		None PC map the system fund 2,500

VALLEY CHRISTIAN COUNSELING CENTER

1112 Nodak Dr S
Fargo,ND58103 		None PC building fund 50,000

VALLEY FIRE DISTRICT

PO Box 32
Drummond,MT59832 		None NC Funding new main fire station 3,750

WASHBURN VOLUNTEER FIRE DEPT

907 Main Ave
Washburn,ND58577 		None NC New radios 7,500

WATSON CHILDREN'S CENTER

8571 Running W Rd
Missoula,MT59808 		None PC general fund 3,750

WEST VALLEY VOLUNTEER FIRE AND RESCUE

3145 US Hwy 93 S
Kalispell,MT59901 		None PC general fund 7,500

YFCI

PO Box 4555
Englewood,CO80155 		None PC FFTN project 108,000

YMCA of Cass and Clay Counties

400 1ST ave S
Fargo,ND58103 		None PC general fund 1,000

YWCA

4650 38th Ave S Ste 110
Fargo,ND58104 		None PC book fund 5,500

Cobber Wrestling

901 8th St S
Moorhead,MN56562 		None PC golf sponsor 1,000
Annabelle DeSantisCalifornia Baptis


Attn Financial Aid Office 8432
Magnolia Ave
Riverside,CA92504 		None I scholarships 2,500
John O'Neil NDSU


PO Box 6050
Fargo,ND58108 		None I scholarships 2,500
John Sikorski Mstate


1900 28th Avenue South
Moorhead,MN56560 		None I scholarships 2,500
Katherine Sikorski Minnesota State


1104 7th Ave S
Moorhead,MN56563 		None I scholarships 2,500
Tatum Allen Minnesota State Univers


128 Wigley Administration Center
Mankato,MN56001 		None I scholarships 2,500
Thomas Sikorski UNIVERSITY OF NORTH


2901 University Ave Stop 7155
Grand Forks,ND582027155 		None I scholarships 2,500
Cole Bechtold Montana Tech


225 Broadway N
Fargo,ND58102 		None I scholarships 2,500
Total .................................right arrow 3a 10,336,207
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 2,247,552  
4 Dividends and interest from securities ....     14 1,002,341  
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 1,960,319  
9 Net income or (loss) from special events:     01 21,523  
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 5,231,735 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,231,735
(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
Offutt Family Foundation
 
Employer identification number

26-6574983
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
Offutt Family Foundation
  		Employer identification number
26-6574983
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
Ronald D Offutt
 
PO Box 7160
 
Fargo, ND581067160

$ 19,005,767


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
Shelly Neal
 
PO Box 7160
 
Fargo, ND58106

$ 8,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Rondi Mcgovern
 
PO Box 7160
 
Fargo, ND58106

$ 8,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Christi Offutt
 
PO Box 7160
 
Fargo, ND58106

$ 8,500,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
Ryan Offutt
 
PO Box 7160
 
Fargo, ND58106

$ 8,500,000


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

$  


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

26-6574983
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
 Stocks ML and Bell $ 19,005,767 2023-12-21
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
Offutt Family Foundation
  		Employer identification number

26-6574983
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Preparation Fees 7,591 0   7,591

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

TY 2023 ExpenditureResponsibilityStmt
Name:
Offutt Family Foundation
EIN:
26-6574983
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Hitterdal Fire Dept
  		101 NP Ave
Hitterdal,MN56552 		2023-09-14 5,250 Fund for two sets of cold water rescue suits 5,250 None 11/13/23 2023-11-13  
Washburn Fire Dept
  		PO Box 105
Washburn,ND58577 		2023-09-14 7,500 New Radios 7,500 None 10/03/23 2023-10-03  
Valley Fire District Missoula MT
  		163 Front Street
Drummond,MT59832 		2023-09-14 3,750 Funding new fire station 3,750 None 10/24/23 2023-10-24  

TY 2023 InvestmentsCorpStockSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 19,923 19,923
ABBOTT LABS 97,412 97,412
ABBVIE INC SHS 18,596 18,596
ABBVIE INC SHS 132,964 132,964
ACCENTURE PLC SHS 27,020 27,020
ADOBE INC 119,917 119,917
ADVNCD MICRO D INC 76,948 76,948
AGREE RLTY CORP 14,164 14,164
ALEXANDRIA REAL EST EQTS 4,944 4,944
ALPHABET INC SHS 256,070 256,070
AMAZON COM INC COM 439,410 439,410
AMER EXPRESS COMPANY 19,109 19,109
AMER FUNDS AMERICAN 619,616 619,616
AMER FUNDS NEW 552,593 552,593
AMERICAN TOWER REIT INC 109,235 109,235
AMERICAN TOWER REIT INC 7,124 7,124
AMERICAN TOWER REIT INC 19,645 19,645
APPLE INC 385,445 385,445
APPLE INC 55,641 55,641
ARGENX SE 33,858 33,858
ARTISAN INTERNATIONAL SMALL MID 413,651 413,651
ARTISAN INTERNATIONAL VALUE FD 449,617 449,617
ASML HLDG NV NY REG SHS 152,141 152,141
ATLASSIAN CORP 69,455 69,455
AVALONBAY CMMUN INC 19,658 19,658
BERKSHIRE HATHAWAYINC 5,865,274 5,865,274
BLACKROCK GLOBAL 153,052 153,052
BLACKSTONE INC 111,282 111,282
BLACKSTONE REAL ESTATE 111,855 111,855
BOSTON PPTYS INC 15,087 15,087
BROADCOM INC 36,836 36,836
CAESARS ENTERTAINMENT 48,427 48,427
CAMDEN PPTY TR COM SBI 8,042 8,042
CARETR REIT INC SHS 5,595 5,595
CHEVRON CORP 17,750 17,750
COLUMBIA SELIGMAN TECH 322,313 322,313
COMCAST CORP NEW CL A 18,461 18,461
COSTAR GROUP INC 135,542 135,542
COUSINS PROPERTIES INC 9,959 9,959
CTO REALTY GROWTH INC 3,813 3,813
DANAHER CORP DEL COM 142,274 142,274
DEERE CO 131,957 131,957
DIGITAL RLTY TR INC 16,150 16,150
DOUBLELINE SHILLER 313,777 313,777
DOUBLELINE TOTAL RETURN 825,397 825,397
DOUBLELINE TOTAL RETURN 30,260 30,260
EATON CORP PLC 87,418 87,418
EATON CORP PLC 18,543 18,543
ELEVANCE HEALTH INC 16,976 16,976
ELI LILLY & CO 100,845 100,845
EQUINIX INC 45,907 45,907
EQUITY RESIDENTIAL 6,238 6,238
ESSENTIAL PPTYS RLTY TR 7,259 7,259
EXTRA SPACE STORAGE INC 27,096 27,096
EXXON MOBIL CORP COM 17,496 17,496
FEDERAL REALTY INVT 6,492 6,492
FEDERATED HERMES GOVT 211,699 211,699
FEDERATED HERMES INSTL 1,818,271 1,818,271
FIBROGEN INC 3,441 3,441
FIDELITY NATL INFO SVCS 9,491 9,491
FREEPORT-MCMORAN INC 61,769 61,769
GAMING AND LEISURE 18,901 18,901
HEALTHPEAK PPTYS INC 15,484 15,484
HILTON WORLDWIDE 151,135 151,135
HONEYWELL INTL INC DEL 15,728 15,728
HOWMET AEROSPACE INC 129,942 129,942
ILLUMINA INC COM 84,936 84,936
INVITATION HOMES INC 23,297 23,297
IRON MOUNTAIN REIT INC 14,906 14,906
ISHARES 0-5 YEAR TIPS 9,859 9,859
ISHARES GOLD TR MICRO 309,288 309,288
JPMORGAN CHASE & CO 99,508 99,508
JPMORGAN CHASE & CO 25,005 25,005
KIMCO REALTY CORP MD COM 25,551 25,551
KITE REALTY GROUP TR SHS 15,682 15,682
LAMB WESTON HOLDINGS INC 3,567 3,567
LINDE PLC NEW 115,410 115,410
LINDE PLC REG SHS 25,875 25,875
LOWE'S COMPANIES INC 19,362 19,362
MADRIGAL PHARMACEUTICALS 45,119 45,119
MARSH & MCLENNAN COS INC 18,378 18,378
MARVELL TECH INC 87,570 87,570
MASTERCARD INC 330,972 330,972
MASTERCARD INC 21,325 21,325
MCDONALDS CORP 13,936 13,936
MEDICAL PPTYS TR INC 2,146 2,146
META PLATFORMS INC 320,334 320,334
MICROSOFT CORP 616,330 616,330
MICROSOFT CORP 57,534 57,534
MONDELEZ INTERNATIONAL 14,558 14,558
MOTOROLA SOLUTIONS INC 26,613 26,613
NETSTREIT CORP 11,138 11,138
NEXTERA ENERGY INC SHS 18,343 18,343
NORTHROP GRUMMAN CORP 9,363 9,363
NVIDIA 253,553 253,553
PACKAGING CORP AMERICA 10,426 10,426
PEPSICO INC 13,757 13,757
PHILIP MORRIS INTL 14,300 14,300
PIMCO COMMODITIESPLUS 204,210 204,210
PIMCO INCOME FUND CL I2 48,624 48,624
PIMCO INCOME FUND CL I2 984,618 984,618
PIMCO INTERNATIONAL BOND 75,150 75,150
PIMCO LOW DURATION 13,248 13,248
PROGRESSIVE CRP OHIO 107,992 107,992
PROLOGIS INC 68,383 68,383
PROLOGIS INC 23,861 23,861
PUBLIC STORAGE 13,420 13,420
REALTY INCM CRP MD 17,456 17,456
REXFORD INDL RLTY INC 18,906 18,906
RIVIAN AUTOMOTIVE 31,530 31,530
RYMAN HOSPITALITY PPTYS 21,462 21,462
S&P GLOBAL INC 16,740 16,740
SAFEHOLD INC NEW 2,878 2,878
SBA COMMUNICATIONS CORP 2,791 2,791
SCHWAB CHARLES CORP NEW 18,645 18,645
SIMON PROPERTY GROUP DEL 6,419 6,419
STAG INDUSTRIALS INC 3,455 3,455
SUN COMMNTYS INC 5,747 5,747
TEXAS INSTRUMENTS 103,810 103,810
TEXAS INSTRUMENTS 18,069 18,069
TJX COS INC NEW 17,730 17,730
TJX. COS INC NEW 102,534 102,534
TRANE TECHNOLOGIES PLC 15,610 15,610
TRICON RESIDENTIAL INC 9,091 9,091
UDR INC 18,570 18,570
UNION PACIFIC CORP 14,000 14,000
UNITEDHEALTH GROUP INC 156,888 156,888
UNITEDHEALTH GROUP INC 27,903 27,903
VANECK MORNINGSTAR WIDE 394,645 394,645
VANGUARD 500 INDEX FUND 389,684 389,684
VANGUARD DIVIDEND 613,509 613,509
VANGUARD HIGH DVD YIELD 7,814 7,814
VANGUARD HIGH DVD YIELD 601,351 601,351
VANGUARD INTL HIGH DIVID 3,989 3,989
VENTAS INC 15,350 15,350
VERTEX PHARMCTLS INC 72,426 72,426
VICI PPTYS INC 4,335 4,335
WALMART INC 14,031 14,031
WEC ENERGY GROUP INC SHS 15,740 15,740
WELLTOWER INC 31,108 31,108
WESTERN ASSET CORE PLUS 229,806 229,806
WORKDAY INC CL A 232,443 232,443
ZOETIS INC 17,764 17,764

TY 2023 InvestmentsGovtObligationsSch
Name:
Offutt Family Foundation
EIN:
26-6574983
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

0
State & Local Government Securities - End of Year Book Value:


124,079
State & Local Government Securities - End of Year Fair Market Value:


124,079


TY 2023 InvestmentsOtherSchedule2
Name:
Offutt Family Foundation
EIN:
26-6574983
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Abbvie Inc com FMV 59,354 59,354
Agnc Invt Corp Com FMV 22,367 22,367
Align Technology Inc Com FMV 24,112 24,112
Alphabet Inc Cap Stk Cl A FMV 30,732 30,732
Alphabet Inc Cap Stk Cl C FMV 31,005 31,005
Amazon.Com Inc com FMV 74,147 74,147
Amgen Inc com FMV 59,620 59,620
Angalog Devices Inc com FMV 53,214 53,214
Annaly Capital Management Inc Com New FMV 7,748 7,748
Ansys Inc com FMV 43,546 43,546
Ares Cap Corp Com FMV 54,822 54,822
ARTHUR VENTURES FMV 1,185,484 1,185,484
AT&T Inc Com FMV 27,452 27,452
Baillie Gifford EAFE Pure K FMV 7,144,137 7,144,137
Blackline Inc com FMV 23,165 23,165
BLUEGRASS PARENT LLC FMV 28,015,000 28,015,000
Causeway International Value Instl FMV 7,166,509 7,166,509
Cerberus Institutional Real Estate Partners VI FMV 138,012 207,109
Charles Riv Laboratories Intl Inc FMV 13,238 13,238
Cisco Sys Inc FMV 67,444 67,444
Cohen & Steers Real Estate Securities Fund FMV 11,141,251 11,141,251
Conagra Brands Inc FMV 29,663 29,663
Costar Group Ince com FMV 73,407 73,407
Cusana Global Emerging Markets Equity Fund FMV 2,850,076 2,850,076
Danaher Corp Com FMV 44,880 44,880
Dow Inc com FMV 43,762 43,762
Duke Energy Corp New Com FMV 45,026 45,026
Ecolab Inc com FMV 18,050 18,050
EL DORADO MERRILL RANCH LLC FMV 852,402 852,402
Ensign Group Inc com FMV 24,462 24,462
Exxon Mobil Corp Com FMV 57,189 57,189
Fastenal Co Com FMV 60,171 60,171
Five Below Inc com FMV 53,929 53,929
Floor & Dcor Hldgs Inc Cl A FMV 33,691 33,691
Gilead Sciences Inc com FMV 55,330 55,330
Globant S A Com FMV 69,728 69,728
Grand Canyon Ed Inc com FMV 42,913 42,913
Gsk PLC Sponsored ADR FMV 36,245 36,245
Guidewire Software Inc com FMV 19,300 19,300
GW&K - Small Cap Core Equity CIT FMV 3,045,661 3,045,661
Heico Corp New com FMV 66,003 66,003
Hewlett Packard Enterprise Co Com FMV 40,022 40,022
Huntington Bancshares Inc com FMV 38,605 38,605
Idexx Laboratories Inc Com FMV 41,074 41,074
Intel Corp com FMV 40,200 40,200
International Business Machs Corp FMV 52,009 52,009
International Paper Co Com FMV 30,113 30,113
Invesco QQQ Tr Unit Ser 1 FMV 825,592 825,592
Ishares Tr Core Msci EAFE ETF FMV 728,896 728,896
Kraft Heinz Co Com FMV 48,925 48,925
Lazard Emerging Discounted Assets Fund FMV 2,145,086 2,517,848
Leggett & Platt Inc com FMV 35,958 35,958
LibreMax Capital Credit Dislocation Fund FMV 769,788 769,788
Lyondellbasell Industries N V shs A FMV 48,110 48,110
Medpace Hldgs Inc com FMV 38,929 38,929
Microsoft Corp Com FMV 144,023 144,023
Motorola Solutions Inc com new FMV 18,472 18,472
Netflix Inc com FMV 22,396 22,396
Newell Brands Inc FMV 21,856 21,856
Ninety One Emerging Debt Fund FMV 2,725,748 3,093,496
Northern Trust S&P 500 Index Fund (core) FMV 37,713,989 37,713,989
NORTHSTAR MEZZANINE PARTNERS FMV 807,892 807,892
Nvidia Corp com FMV 87,654 87,654
Oaktree Capital Management - US High Yield Bonds FMV 4,612,486 4,944,186
Paycom Software Inc Com FMV 29,768 29,768
Paylocity Hldg Corp com FMV 14,012 14,012
Pfizer Inc com FMV 23,752 23,752
Phillips 66 com FMV 97,325 97,325
PPC AV 1 LLC FMV 628,812 628,812
Privia Health Group Inc com FMV 25,333 25,333
Prudential Finl Inc com FMV 46,877 46,877
Rb Global Inc FMV 49,231 49,231
Rio Tinto PLC Sponsored ADR FMV 53,760 53,760
RIVER OAKS FINANCIAL FUND FMV 1,473,065 2,385,747
Rollins Inc com FMV 44,107 44,107
S&P Global Inc com FMV 52,422 52,422
Salesforce Inc FMV 58,680 58,680
Seagate Technology Hldngs PLC Ord FMV 45,588 45,588
Select Sector Spdr Tr Financial FMV 58,393 58,393
Servicenow Inc com FMV 53,693 53,693
SONORAN WEST II FMV 2,458,542 2,458,542
Southern Co Com FMV 53,011 53,011
Starbucks Corp com FMV 31,779 31,779
TA Realty Fund XIII FMV 244,786 250,000
TC Energy Corp com FMV 37,526 37,526
TERLING MULTIFAMILY TRUST FMV 334,114 334,114
The TCW Group - Core Plus Fixed Income FMV 16,139,170 16,139,170
The Trade Desk Inc com CL A FMV 27,417 27,417
Tyler Technologies Inc com FMV 54,774 54,774
Unilever PLC Sponsored ADR new FMV 9,163 9,163
United Parcel Svc Inc CL B FMV 25,471 25,471
Unitedhealth Group Inc com FMV 51,594 51,594
Vanguard Index Fds S&P 500 EFT FMV 155,064 155,064
Vanguard Total Stock Market Index Fund Adm #585 FMV 2,854,280 2,854,280
Vanguard Whitehall Fds High Dividend Yield ETF FMV 237,995 237,995
Veeva Sys Inc Cl A com FMV 50,055 50,055
Veralto Corp Com FMV 5,265 5,265
Verisk Analytics Inc FMV 36,545 36,545
Verizon Communications Inc com FMV 28,690 28,690
Viatris Inc com FMV 40,396 40,396
Visa Inc Com Cl A FMV 33,585 33,585
West Pharmaceutical Svcs Inc com FMV 61,621 61,621
Western Asset Core Commingled FMV 11,768,746 11,768,746
Workiva Inc Com CL A FMV 31,271 31,271
Zoominfo Technologies Inc com FMV 9,948 9,948

TY 2023 OtherAssetsSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Accrued Income   3,490 3,490


TY 2023 OtherDecreasesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Amount
Basis adjustments to K-1 1,010,694


TY 2023 OtherExpensesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Training and Development 621 0   621
Supplies 273 0   273
Golf Tournament Expenses 13,434 0   0
Other Investment Income ST 101,578 0   0


TY 2023 OtherIncomeSchedule2
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Net income 0 615,878 0
Gross Income from Special Fundraising Events 37,201   37,201


TY 2023 OtherIncreasesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Amount
Unrealized gain/loss 18,137,297


TY 2023 OtherLiabilitiesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Description Beginning of Year - Book Value End of Year - Book Value
LLC investment purchase payable 850,000 0


TY 2023 OtherProfessionalFeesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Other Professional Fees 2,086 0   2,086
Professional Expense 283,205 221,260   59,702


TY 2023 SubstantialContributorsSch
Name:
Offutt Family Foundation
EIN:
26-6574983
Name Address
Shelly Neal PO Box 7160
Fargo,ND58106
Rondi Mcgovern PO Box 7160
Fargo,ND58106
Christi Offutt PO Box 7160
Fargo,ND58106
Ryan Offutt PO Box 7160
Fargo,ND58106


TY 2023 TaxesSchedule
Name:
Offutt Family Foundation
EIN:
26-6574983
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Income Taxes 75,000 0   0