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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THOMAS AND JULIANNE YOUNGREN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)401 E 8TH ST STE 319
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SIOUX FALLS, SD571037031
A Employer identification number

37-6439234
B Telephone number (see instructions)

(605) 336-6832
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$7,344,614J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 182,024 182,024  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 558,582
b Gross sales price for all assets on line 6a 1,010,609
7 Capital gain net income (from Part IV, line 2)... 558,582
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 740,606 740,606  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 36,422 14,569   21,853
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
40 40   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,032 1,823   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25     25
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 40,519 16,432 0 21,878
25 Contributions, gifts, grants paid....... 327,000 327,000
26 Total expenses and disbursements. Add lines 24 and 25 367,519 16,432 0 348,878
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 373,087
b Net investment income (if negative, enter -0-) 724,174
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 108,894 153,655 153,655
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,079,781 Click to see attachment
List of Attached Documents:
// Content
1,085,388 		2,420,778
c Investments—corporate bonds (attach schedule)....... 968,588 Click to see attachment
List of Attached Documents:
// Content
1,195,483 		1,169,313
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).......... 2,407,937 Click to see attachment
List of Attached Documents:
// Content
2,501,722 		3,600,868
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) 4,565,200 4,936,248 7,344,614
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)    
23 Total liabilities (add lines 17 through 22).........   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........ 4,565,200 4,936,248
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 4,565,200 4,936,248
30 Total liabilities and net assets/fund balances (see instructions). 4,565,200 4,936,248
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
4,565,200
2
Enter amount from Part I, line 27a .....................
2
373,087
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,938,287
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,039
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,936,248
Form 990-PF (2024)
Form 990-PF (2024)
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 650. DIGI INTERNATIONAL INC     2024-01-10
b 75000. JPMORGAN CHASE & CO 3.875% 01 FEB 2024   2018-10-15 2024-02-01
c 150. ALPHABET INC-CL C     2024-02-13
d 300. BAXTER INTERNATIONAL INC     2024-02-13
e 100. GRACO INC   2009-04-20 2024-02-13
300. JAMF HOLDING CORP   2021-06-23 2024-02-13
25. ELI LILLY & CO   2017-07-26 2024-02-13
200. NORTHERN TRUST CORP     2024-02-13
20. NVIDIA CORP   2022-06-14 2024-02-13
100. 3M CO     2024-02-13
600. US BANCORP     2024-02-13
75.481 VANGUARD TTL INT ST IDX-ADM   2022-01-04 2024-03-26
1617.104 VANGUARD TTL STK MKT-ADM   2014-02-03 2024-03-26
100. ALPHABET INC-CL C     2024-06-18
75. AMERICAN EXPRESS CO   2016-03-04 2024-06-18
245. BIO-TECHNE CORP     2024-06-18
285. DONALDSON CO INC   2016-03-04 2024-06-18
100. ECOLAB INC   2007-09-17 2024-06-18
100. GENERAC HOLDINGS INC     2024-06-18
20. ELI LILLY & CO   2017-07-26 2024-06-18
25. MOTOROLA SOLUTIONS INC   2021-06-23 2024-06-18
121. NEOGEN CORP     2024-06-18
250. NVIDIA CORP     2024-06-18
200. US BANCORP   2008-06-24 2024-06-18
25. AMERICAN EXPRESS CO   2016-03-04 2024-09-24
50. BADGER METER INC   2014-01-27 2024-09-24
75. ECOLAB INC   2007-09-17 2024-09-24
135. JOHNSON & JOHNSON     2024-09-24
125. POLARIS INC     2024-09-24
210. US BANCORP   2008-06-24 2024-09-24
100. UNITED PARCEL SERVICE-CL B   2009-04-20 2024-09-24
250. MEDTRONIC PLC   2015-01-27 2024-09-24
100. ALPHABET INC-CL C   2019-02-21 2024-10-18
100. AMERICAN EXPRESS CO   2016-03-04 2024-10-18
100. BADGER METER INC   2014-01-27 2024-10-18
70. ECOLAB INC   2007-09-17 2024-10-18
135. FASTENAL CO   2009-04-20 2024-10-18
100. FISERV INC   2009-07-20 2024-10-18
50. HOME DEPOT INC     2024-10-18
45. HONEYWELL INTERNATIONAL INC   2003-05-14 2024-10-18
125. JOHNSON & JOHNSON   2004-07-20 2024-10-18
35. MOTOROLA SOLUTIONS INC   2020-02-14 2024-10-18
150. NVIDIA CORP   2019-10-30 2024-10-18
190. PRINCIPAL FINANCIAL GROUP     2024-10-18
370. SYSCO CORP     2024-10-18
300. WELLS FARGO & CO     2024-10-18
245. MEDTRONIC PLC   2015-01-27 2024-10-18
(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 15,718   8,415 7,303
b 75,000   75,000  
c 21,931   10,976 10,955
d 11,780   3,922 7,858
e 8,708   625 8,083
5,909   10,188 -4,279
18,527   2,041 16,486
15,408   17,618 -2,210
14,466   3,176 11,290
9,190   7,099 2,091
23,770   19,611 4,159
2,432   2,597 -165
202,510   71,367 131,143
17,617   5,591 12,026
17,112   4,368 12,744
18,265   10,658 7,607
20,781   9,050 11,731
24,464   4,284 20,180
13,829   11,925 1,904
17,721   1,632 16,089
9,587   5,327 4,260
2,041   1,279 762
33,921   1,271 32,650
7,838   5,786 2,052
6,654   1,456 5,198
10,927   1,312 9,615
19,042   3,213 15,829
21,921   8,187 13,734
10,527   15,131 -4,604
9,562   6,075 3,487
12,931   5,327 7,604
22,384   18,458 3,926
16,528   5,508 11,020
27,459   5,823 21,636
20,628   2,623 18,005
18,280   2,999 15,281
10,461   1,162 9,299
19,710   1,197 18,513
20,672   3,837 16,835
9,939   1,054 8,885
20,572   7,023 13,549
16,637   6,412 10,225
20,692   763 19,929
17,194   7,507 9,687
27,874   27,623 251
19,316   7,442 11,874
22,174   18,089 4,085
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       7,303
b        
c       10,955
d       7,858
e       8,083
      -4,279
      16,486
      -2,210
      11,290
      2,091
      4,159
      -165
      131,143
      12,026
      12,744
      7,607
      11,731
      20,180
      1,904
      16,089
      4,260
      762
      32,650
      2,052
      5,198
      9,615
      15,829
      13,734
      -4,604
      3,487
      7,604
      3,926
      11,020
      21,636
      18,005
      15,281
      9,299
      18,513
      16,835
      8,885
      13,549
      10,225
      19,929
      9,687
      251
      11,874
      4,085
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 2 558,582
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 10,066
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 10,066
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 10,066
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,080
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 6,986
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? 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 arrowDORSEY & WHITNEY TRUST COMPANY LLC Telephone no.right arrow (605) 336-6832

Located atright arrow401 E 8TH ST STE 319SIOUX FALLSSD ZIP+4right arrow571037031
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 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
DORSEY WHITNEY TRUST COMPANY LLC TRUSTEE
1 		36,422    
401 E 8TH ST STE 319
SIOUX FALLS,SD571037031
THOMAS R YOUNGREN TRUSTEE
1 		0    
401 E 8TH ST STE 319
SIOUX FALLS,SD571037031
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
NONE
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 arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
7,026,897
b
Average of monthly cash balances.......................
1b
282,325
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
7,309,222
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
7,309,222
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
109,638
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,199,584
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
359,979
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
359,979
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,066
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
10,066
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
349,913
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
349,913
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
349,913
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
348,878
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
348,878
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 349,913
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 98,239
b From 2020...... 83,169
c From 2021...... 56,658
d From 2022...... 13,731
e From 2023...... 0
f Total of lines 3a through e ........ 251,797
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 348,878
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 348,878
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 1,035 1,035
(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 5 250,762
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		97,204
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		153,558
10 Analysis of line 9:
a Excess from 2020.... 83,169
b Excess from 2021.... 56,658
c Excess from 2022.... 13,731
d Excess from 2023.... 0
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

Duluth Cross Country Ski Club

1346 W ARROWHEAD RD PMB 3444
Duluth,MN55811 		N/A PC GENERAL OPERATING 3,000

Lake Superior Youth Chorus Inc

1200 KENWOOD AVENUE TOWER 4600
Duluth,MN55811 		N/A PC GENERAL OPERATING 5,000

Second Harvest Heartland

7101 WINNETKA AVE N
Brooklyn Park,MN55428 		N/A PC GENERAL OPERATING 5,000

Friends of the Boundary Waters
Wilderness
2250 UNIVERSITY AVE W STE 180S
Saint Paul,MN55114 		N/A PC GENERAL OPERATING 5,000

Hartley Nature Center

3001 WOODLAND AVE
Duluth,MN55803 		N/A PC GENERAL OPERATING 3,000

Cyclists of the Gitchee Gumee Shores Inc

PO BOX 161261
Duluth,MN55816 		N/A PC GENERAL OPERATING 3,000

Duluth Playhouse Inc

211 E SUPERIOR ST
Duluth,MN55802 		N/A PC GENERAL OPERATING 5,000

Science Museum of Minnesota

120 W KELLOGG BLVD
Saint Paul,MN55102 		N/A PC GENERAL OPERATING 50,000

Minnesota Historical Society

345 KELLOGG BLVD W
St Paul,MN55102 		N/A PC GENERAL OPERATING 50,000

Twin Cities Public Television Inc

172 4TH ST E
Saint Paul,MN55101 		N/A PC GENERAL OPERATING 10,000

MINNESOTA PUBLIC RADIO

480 CEDAR ST
ST PAUL,MN55101 		N/A PC GENERAL OPERATING 10,000

Children's Theatre Company and School

2400 THIRD AVENUE SOUTH
Minneapolis,MN55404 		N/A PC GENERAL OPERATING 5,000

Safe Haven Shelter for Battered Women

PO BOX 3558
Duluth,MN55803 		N/A PC GENERAL OPERATING 5,000

Childrens Shelter of Cebu

3600 LEXINGTON AVE N SUITE 209
Shoreview,MN55126 		N/A PC GENERAL OPERATING 20,000

MINNESOTA TEEN CHALLENGE

740 EAST 24TH STREET
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING 5,000

Rivers of Hope

PO BOX 511
Monticello,MN55362 		N/A PC GENERAL OPERATING 5,000

Theatre Latte Da

345 13TH AVE NE
Minneapolis,MN55413 		N/A PC GENERAL OPERATING 20,000

Mayo Clinic

200 FIRST ST SW
Rochester,MN55902 		N/A PC DEPARTMENT OF HEMATOLOGY 20,000

Many Rivers Montessori

110 W REDWING ST
Duluth,MN55803 		N/A PC GENERAL OPERATING 15,000

HEART OF DANCE

500 E GRANT ST 1308
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING 2,000

International Justice Mission

PO BOX 58147
Washington,DC20037 		N/A PC GENERAL OPERATING 6,000

Sugarbush Trail Association Inc

PO BOX 2112
Tofte,MN55615 		N/A PC GENERAL OPERATING 4,000

Southern Poverty Law Center Inc

400 WASHINGTON AVE
Montgomery,AL36104 		N/A PC GENERAL OPERATING 9,000

Convoy of Hope

1 CONVOY DRIVE
Springfield,MO65802 		N/A PC GENERAL OPERATING 2,000

Loaves and Fishes Housing Inc

1712 JEFFERSON ST
Duluth,MN55812 		N/A PC GENERAL OPERATING 5,000

Zero Abuse Project

366 JACKSON ST STE 300
Saint Paul,MN55101 		N/A PC JACOB WETTERLING RESOURCE 50,000

Timberland Hills Foundation

1460 9TH AVE
Cumberland,WI54829 		N/A PC GENERAL OPERATING 5,000
Total .................................right arrow 3a 327,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 182,024  
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 ............ 		    18 558,582  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   740,606  
13Total. Add line 12, columns (b), (d), and (e)..................
13
740,606
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Name of Bond End of Year Book Value End of Year Fair Market Value
06051GFS3 BANK OF AMERICA CORP 73,968 74,633
20030NBY6 COMCAST CORP 3.3% 01 75,226 73,004
278642AW3 EBAY INC 2.7% 11 MAR 75,864 67,279
31428XBV7 FEDEX CORP 3.1% 05 A 74,997 69,517
375558AZ6 GILEAD SCIENCES INC 75,105 74,898
38143U8H7 GOLDMAN SACHS GROUP 74,833 74,173
46625HJT8 JPMORGAN CHASE & CO    
172967MP3 CITIGROUP INC 4.412% 72,175 72,088
316773CV0 FIFTH THIRD BANCORP 72,421 72,593
65339KCJ7 NEXTERA ENERGY CAPIT 75,872 73,821
70450YAL7 PAYPAL HOLDINGS INC 73,753 72,020
92343VER1 VERIZON COMMUNICATIO 74,470 73,459
30040WAU2 EVERSOURCE ENERGY 5. 74,321 72,889
032095AQ4 AMPHENOL CORP 5.25% 76,150 75,223
24422EWP0 JOHN DEERE CAPITAL C 75,448 75,211
855244BJ7 STARBUCKS CORP 5% 15 74,680 73,427
913017BJ7 RTX CORP 5.4% 01 MAY 76,200 75,078

TY 2024 InvestmentsCorpStockSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Name of Stock End of Year Book Value End of Year Fair Market Value
002824100 ABBOTT LABORATORIES 18,545 45,244
018802108 ALLIANT ENERGY CORP 57,583 67,420
02079K107 ALPHABET INC-CL C 30,128 114,264
025816109 AMERICAN EXPRESS CO    
056525108 BADGER METER INC    
071813109 BAXTER INTERNATIONAL    
09073M104 BIO-TECHNE CORP 11,828 39,977
12541W209 C.H. ROBINSON WORLDW 14,160 22,214
253798102 DIGI INTERNATIONAL I    
254687106 WALT DISNEY CO/THE 10,147 44,540
257651109 DONALDSON CO INC 4,763 10,103
278865100 ECOLAB INC 7,497 41,006
311900104 FASTENAL CO 6,156 51,416
337738108 FISERV INC 7,185 123,252
359694106 H.B. FULLER CO. 24,358 40,488
384109104 GRACO INC 10,620 143,293
437076102 HOME DEPOT INC 12,111 35,009
438516106 HONEYWELL INTERNATIO 3,632 35,013
440452100 HORMEL FOODS CORP 12,773 37,958
47074L105 JAMF HOLDING CORP    
478160104 JOHNSON & JOHNSON 17,992 49,171
532457108 ELI LILLY & CO 6,530 61,760
537008104 LITTELFUSE INC 38,187 47,130
594918104 MICROSOFT CORP 54,739 103,268
620076307 MOTOROLA SOLUTIONS I 17,786 53,156
67066G104 NVIDIA CORP 8,135 214,864
731068102 POLARIS INC    
74251V102 PRINCIPAL FINANCIAL 5,327 10,450
742718109 PROCTER & GAMBLE CO/ 12,163 25,148
747525103 QUALCOMM INC 50,237 48,390
771195104 ROCHE HOLDINGS LTD-S 50,660 48,832
808513105 SCHWAB (CHARLES) COR 12,379 33,305
824348106 SHERWIN-WILLIAMS CO/ 21,782 40,792
871829107 SYSCO CORP 4,295 6,117
87612E106 TARGET CORP 15,710 22,981
880345103 TENNANT CO 29,514 31,389
88579Y101 3M CO    
891092108 TORO CO 58,857 69,287
902973304 US BANCORP 26,030 49,743
911312106 UNITED PARCEL SERVIC    
91324P102 UNITEDHEALTH GROUP I 72,054 126,465
92826C839 VISA INC-CLASS A SHA 48,877 86,911
949746101 WELLS FARGO & CO 23,761 73,752
G5960L103 MEDTRONIC PLC 29,903 32,351
G6700G107 NVENT ELECTRIC PLC 5,545 47,712
29362U104 ENTEGRIS INC 29,435 29,223
368736104 GENERAC HOLDINGS INC    
46625H100 JPMORGAN CHASE & CO 18,591 35,957
640491106 NEOGEN CORP    
665859104 NORTHERN TRUST CORP    
773903109 ROCKWELL AUTOMATION 31,101 40,011
79466L302 SALESFORCE INC 10,817 16,717
98139A105 WORKIVA INC 10,826 16,425
053015103 AUTOMATIC DATA PROCE 23,018 29,273
882508104 TEXAS INSTRUMENTS IN 21,711 26,251
023135106 AMAZON.COM INC 18,950 21,939
500754106 KRAFT HEINZ CO/THE 18,944 16,123
90384S303 ULTA BEAUTY INC 10,566 8,699
92343V104 VERIZON COMMUNICATIO 49,480 45,989

TY 2024 InvestmentsOtherSchedule2
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
VANGUARD TOTAL BD MKT IDX ADM      
VANGUARD TOTAL INT ST IDX-AD      
VANGUARD TOTAL STK MKT INDEX F      

TY 2024 OtherDecreasesSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Description Amount
BOOK TO TAX DIFFERENCES 2,039


TY 2024 OtherExpensesSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE RE-REGISTRATION FEE 25 0   25


TY 2024 OtherProfessionalFeesSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSES 40 40    


TY 2024 TaxesSchedule
Name:
THOMAS AND JULIANNE YOUNGREN FOUNDATION
EIN:
37-6439234
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 262 262   0
FEDERAL ESTIMATES 2,209 0   0
FOREIGN TAXES ON QUALIFIED FOR 1,077 1,077   0
FOREIGN TAXES ON NONQUALIFIED 484 484   0