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
Michael & Donna Kaplan Foundation
 
% Michael Kaplan
Number and street (or P.O. box number if mail is not delivered to street address)3400 Sycamore LN N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Plymouth, MN55441
A Employer identification number

46-4374951
B Telephone number (see instructions)

(612) 819-6005
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$422,819J 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) 219,846
2 Check right arrow.............
3 Interest on savings and temporary cash investments 48 48 48
4 Dividends and interest from securities... 7,134 7,134 7,134
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
37,344
b Gross sales price for all assets on line 6a 208,659
7 Capital gain net income (from Part IV, line 2)... 37,344
8 Net short-term capital gain......... 20,936
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
3,575 3,575 3,575
12 Total. Add lines 1 through 11........ 267,947 48,101 31,693
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
181 181 181  
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
2,700 2,700 2,700  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
247 247 247  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,128 3,128 3,128 0
25 Contributions, gifts, grants paid....... 173,502 173,502
26 Total expenses and disbursements. Add lines 24 and 25 176,630 3,128 3,128 173,502
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 91,317
b Net investment income (if negative, enter -0-) 44,973
c Adjusted net income (if negative, enter -0-)... 28,565
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......... 12,849 19,279 19,279
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)      
b Investments—corporate stock (attach schedule)....... 280,389 Click to see attachment
List of Attached Documents:
// Content
365,276 		403,540
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)..........      
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) 293,238 384,555 422,819
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 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........... 293,238 384,555
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 293,238 384,555
30 Total liabilities and net assets/fund balances (see instructions). 293,238 384,555
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
293,238
2
Enter amount from Part I, line 27a .....................
2
91,317
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
384,555
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
384,555
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 230 Sh Broadcom Inc P 2024-02-06 2024-10-02
b 200 Sh Nvidia Corp D 2024-10-07 2024-10-18
c 38 Sh Visa Inc D 2023-12-01 2024-08-02
d 23 Sh American Funds New World Fund Class F2 P 2020-01-31 2024-10-02
e 18 Sh Broadcom Inc D 2022-12-13 2024-01-30
220 Sh Calamos Convertible Fund Class I P 2022-02-07 2024-01-30
772 Sh Calamos Market Neutral Income Fund Class I P 2023-01-25 2024-10-30
32 Sh Franklin Dynatech Fund Advisor Class NL D 2019-12-19 2024-01-30
16 Sh Franklin Dynatech Fund Advisor Class NL P 2022-02-27 2024-01-30
74 Sh iShares Tr Min Vol USA ETF P 2016-08-11 2024-01-30
164 Sh JPMorgan Emerging Markets Equity Fund Class L P 2020-01-31 2024-08-02
78 Sh MFS Research International Fund Class I P 2022-02-07 2024-10-02
205 Sh Pioneer Fundamental Growth Fund Cl Y P 2021-01-25 2024-01-30
17 Sh Vanguard International Growth Fund Admiral Shares P 2020-07-31 2024-10-02
(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 103,315   84,531 18,784
b 27,930   26,106 1,824
c 10,073   9,745 328
d 2,000   1,648 352
e 21,895   10,279 11,616
3,728   4,061 -333
11,000   10,622 378
4,693   2,908 1,785
2,307   2,074 233
5,918   3,450 2,468
5,000   5,284 -284
2,000   1,866 134
6,800   6,578 222
2,000   2,163 -163
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       18,784
b       1,824
c       328
d       352
e       11,616
      -333
      378
      1,785
      233
      2,468
      -284
      134
      222
      -163
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 37,344
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 20,936
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) 1 625
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 625
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- ..... 5 625
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a  
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7  
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 6
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 631
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 arrow   Refundedright arrow 11  
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. 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 arrow  
14
The books are in care ofright arrowMichael R Kaplan Telephone no.right arrow (612) 819-6005

Located atright arrow3400 Sycamore LN NPlymouthMN ZIP+4right arrow55441
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)
 
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
 
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
 
No
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
 
No
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
 
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
 
No
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
 
No
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
MICHAEL R KAPLAN President
2.00 		0 0 0
3400 Sycamore LN N
Plymouth,MN55441
DONNA M KAPLAN Vice President
5.50 		0 0 0
3400 Sycamore LN N
Plymouth,MN55441
LEON STEINBERG Director
0.00 		0 0 0
3523 Green Ridge Road
Minnetonka,MN55305
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
346,076
b
Average of monthly cash balances.......................
1b
16,114
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
362,190
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
 
3
Subtract line 2 from line 1d.........................
3
362,190
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,433
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
356,757
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,838
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
17,838
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
625
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
625
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,213
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
17,213
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
17,213
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
173,502
b
Program-related investments—total from Part VIII-B..................
1b
 
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
173,502
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 17,213
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 73,452
b From 2020...... 121,991
c From 2021...... 129,756
d From 2022...... 128,334
e From 2023...... 162,121
f Total of lines 3a through e ........ 615,654
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 173,502
a Applied to 2023, but not more than line 2a  
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.....  
e Remaining amount distributed out of corpus 173,502
5 Excess distributions carryover applied to 2024.    
(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 5 789,156
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		17,213
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		73,452
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		715,704
10 Analysis of line 9:
a Excess from 2020.... 121,991
b Excess from 2021.... 129,756
c Excess from 2022.... 128,334
d Excess from 2023.... 162,121
e Excess from 2024.... 173,502
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
0       0
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		        0
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).)
MICHAEL KAPLAN
DONNA KAPLAN
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

Alight

1325 Quincy St NE Ste A1
Minneapolis,MN55413 		  PC Public charity de Support 800

Alzheimers Association

7900 W 78th St
Minneapolis,MN55439 		  PC Public charity de Support 500

American Cancer Society

PO Box 21600
Saint Paul,MN55121 		  PC Public charity de Support 450

American Foundation For The Blind

2 Penn Plaza Ste 1102
New York,NY10121 		  PC Public charity de Support 500

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		  PC Public charity de Support 400

American Parkinson

135 Parkinson Ave
Staten Island,NY10305 		  PC Public charity de Support 600

American Red Cross

2025 East St NW
Washington,DC20006 		  PC Public charity de Support 4,000

Amnesty International

PO Box 98233
Washington,DC200777014 		  PC Public charity de Support 1,000

Animal Humane Society

845 Meadow LN N
Minneapolis,MN55422 		  PC Public charity de Support 1,000

Anti-Defamation League

605 3rd Ave
New York,NY101583560 		  PC Public charity de Support 8,000

Avenues For Homeless Youth

1708 Oak Park Avenue North
Minneapolis,MN55411 		  PC Public charity de Support 800

ASPCA

424 E 92nd St
New York,NY10128 		  PC Public charity de Support 500

Beacon Interfaith Housing Collaboration

2610 University Ave W Ste 100
Saint Paul,MN55114 		  PC Public charity de Support 21,547

Boys And Girls Club of Twin Cities

690 Jackson St
Saint Paul,MN55130 		  PC Public charity de Support 600

Breast Cancer Research

60 E 56th St Ste 8th Floor
New York,NY10022 		  PC Public charity de Support 600

Bridge For Youth

1111 West 22nd Street
Minneapolis,MN55405 		  PC Public charity de Support 400

Canine Companions For Independence

PO Box 446
Santa Rosa,CA954020446 		  PC Public charity de Support 2,000

Canvas Health

7066 Stillwater Blvd N
Saint Paul,MN55128 		  PC Public charity de Support 400

CARE

151 Ellis St NE
Atlanta,GA30303 		  PC Public charity de Support 2,600

Catholic Charities

1007 E 14th St
Minneapolis,MN55404 		  PC Public charity de Support 3,000

Children's Home Society

1605 Eustis St
Saint Paul,MN55108 		  PC Public charity de Support 600

Christopher & Dana Reeve Foundation

636 Morris Turnpike Ste 3A
Short Hills,NJ07078 		  PC Public charity de Support 300

Clean Water Fund

301 4th Ave So Ste 365N
Minneapolis,MN55415 		  PC Public charity de Support 200

Climate Generation

2801 21st Ave S
Minneapolis,MN55407 		  PC Public charity de Support 1,000

Community Emergency Assistance Programs (CEAP)

7051 Brooklyn Blvd
Minneapolis,MN55429 		  PC Public charity de Support 4,057

Doctors Without Borders

PO Box 5023
Hagerstown,MD217415023 		  PC Public charity de Support 2,000

Environmental Defense Fund

1875 Connecticut Ave NW Ste 600
Washington,DC20009 		  PC Public charity de Support 800

Epilepsy Foundation

8301 Professional Place
Hyattsville,MD207852353 		  PC Public charity de Support 500

Feed My Starving Children

401 93rd Avenue NW
Minneapolis,MN55433 		  PC Public charity de Support 1,000

Food Group

8501 54th Ave N
Minneapolis,MN55428 		  PC Public charity de Support 4,000

Gethsemane Lutherin Church

2410 Stillwater Rd E
St Paul,MN55119 		  PC Public charity de Support 200

Glaucoma Foundation

80 Maiden Lane Ste 700
New York,NY10038 		  PC Public charity de Support 400

Greater Mpls Crisis Nursery

4544 4th Ave S
Minneapolis,MN55419 		  PC Public charity de Support 800

Greater Twin Cities United Way

404 S 8th St
Minneapolis,MN554041084 		  PC Public charity de Support 16,000

Heat Share

2445 Prior Ave N
Saint Paul,MN55113 		  PC Public charity de Support 800

Interfaith Outreach Community Partners

1605 County Rd 101 N
Minneapolis,MN554472708 		  PC Public charity de Support 6,980

Jeremiah Program

1510 Laurel Ave S
Minneapolis,MN55403 		  PC Public charity de Support 800

Jewish Community Action (JCA)

2375 University Ave W Ste 150
Saint Paul,MN55114 		  PC Public charity de Support 1,000

Jewish Community Relations Council (JCRC)

12 N 12th St Ste 480
Minneapolis,MN55403 		  PC Public charity de Support 600

Jewish Family And Children's Services

5705 Golden Valley Rd
Minneapolis,MN55422 		  PC Public charity de Support 11,452

Jewish Family Service of St Paul

1633 West 7th Street
Saint Paul,MN55102 		  PC Public charity de Support 200

Jewish Federation of the Quad Cities

2215 East Kimberly Road
Davenport,IA52807 		  PC Public charity de Support 200

Literacy Minnesota

700 Raymond Avenue Ste 180
Saint Paul,MN55114 		  PC Public charity de Support 300

Loaves & Fishes

1121 Jackson St NE Ste 143
Minneapolis,MN55413 		  PC Public charity de Support 2,000

Maui Food Bank

760 Kolu Street
Wailuku,HI96793 		  PC Public charity de Support 400

Meals on Wheels

1200 Washington Ave S Ste 380
Minneapolis,MN55415 		  PC Public charity de Support 1,600

Minneapolis Jewish Federation

13100 Wayzata Blvd Ste 200
Hopkins,MN55305 		  PC Public charity de Support 3,000

National Federation of the Blind

200 East Wells St - Jennigan Place
Baltimore,MD21230 		  PC Public charity de Support 400

National Council of Jewish Women (NCJW)

13100 Wayzata Blvd Ste 160
Hopkins,MN55305 		  PC Public charity de Support 800

National Multiple Sclerosis

200 12th Ave S
Minneapolis,MN55415 		  PC Public charity de Support 450

Nechama - Jewish Response to Disaster

12219 Nicollet Ave
Burnsville,MN55337 		  PC Public charity de Support 1,000

NorthPoint Food Shelf

1835 N Penn Avenue
Minneapolis,MN55411 		  PC Public charity de Support 3,822

One Found Sound

9 Mercury St
San Francisco,CA94124 		  PC Public charity de Support 250

PACER Center

8161 Normandale Blvd
Minneapolis,MN554371044 		  PC Public charity de Support 800

People Serving People

614 3rd St S
Minneapolis,MN55415 		  PC Public charity de Support 2,000

PETA

501 Front St
Norfolk,VA23510 		  PC Public charity de Support 400

Planned Parenthood

671 Vandalia St Ste 323
Saint Paul,MN55114 		  PC Public charity de Support 1,000

Plymouth Christian Youth Center (PCYC)

2210 Oliver Ave N
Minneapolis,MN55411 		  PC Public charity de Support 500

Prism

1220 Zane Ave N
Golden Valley,MN55422 		  PC Public charity de Support 500

Project Hope

PO Box 96340
Washington,DC200906340 		  PC Public charity de Support 300

Ronald McDonald House

818 Fulton St SE
Minneapolis,MN55414 		  PC Public charity de Support 600

Running Strong For Indian Youth

8301 Richmond Highway Ste 200
Alexandria,VA22309 		  PC Public charity de Support 600

Salvation Army

2445 Prior Ave N
Saint Paul,MN55113 		  PC Public charity de Support 9,494

Save the Children

501 Kings Hwy E Ste 400
Fairfield,CT06825 		  PC Public charity de Support 2,000

Second Harvest Heartland

7101 Winnetka Ave N
Brooklyn Park,MN55428 		  PC Public charity de Support 6,000

Share Our Strength No Kid Hungry

PO Box 715475
Philadelphia,PA191715475 		  PC Public charity de Support 600

Sharing and Caring Hands

525 N 7th St
Minneapolis,MN55405 		  PC Public charity de Support 800

Sholom Community Alliance

3620 Phillips Pkwy
St Louis Park,MN55425 		  PC Public charity de Support 500

Simpson Housing Services

2100 Pillsbury Ave S
Minneapolis,MN55404 		  PC Public charity de Support 2,000

Southern Poverty Law Center

400 Washington Ave
Montgomery,AL36104 		  PC Public charity de Support 1,000

St Jude Children's Research

501 Saint Jude Place
Memphis,TN38105 		  PC Public charity de Support 600

St Louis Park Emergency Program (STEP)

6812 West Lake St
St Louis Park,MN55426 		  PC Public charity de Support 3,000

Temple Israel

2323 Fremont Avenue South
Minneapolis,MN55405 		  PC Public charity de Support 1,800

The Nature Conservancy

4245 N Fairfax Drive Ste 100
Arlington,VA22203 		  PC Public charity de Support 8,000

Twin Cities Habitat for Humanity

1954 University Ave W
Saint Paul,MN55104 		  PC Public charity de Support 800

Twin Cities Public Television Inc

172 East 4th Street
Saint Paul,MN55101 		  PC Public charity de Support 400

US Holocust Memorial

100 Raoul Wallenberg Place SW
Washington,DC200242126 		  PC Public charity de Support 600

UNICEF

125 Maiden Lane Ste 11th Floor
New York,NY10038 		  PC Public charity de Support 4,000

Union Gospel Mission-Food

77 Ninth Street East
Saint Paul,MN55101 		  PC Public charity de Support 2,000

United Cerebral Palsy

1825 K Street NW Ste 400
Washington,DC20006 		  PC Public charity de Support 400

University of Minn Foundation

3 Morrill Hall-100 Church St SE
Minneapolis,MN55455 		  PC Public charity de Support 400

Wayzata Athletic Boosters

3500 Vicksburg Lane N Ste 400
Plymouth,MN55447 		  PC Public charity de Support 200

Wildlife Conversation Society

2300 Southern Blvd
Bronx,NY10460 		  PC Public charity de Support 600

World Wildlife Fund

1250 24th Street NW
Washington,DC200371193 		  PC Public charity de Support 1,200

YouthLink

41 N 12th St
Minneapolis,MN55403 		  PC Public charity de Support 800

Youthprise

615 First Avenue NE Ste 125
Minneapolis,MN55413 		  PC Public charity de Support 2,000
Total .................................right arrow 3a 173,502
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		    14 48  
4 Dividends and interest from securities ....     14 7,134  
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 .....     18 40,919  
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
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) ..   48,101  
13Total. Add line 12, columns (b), (d), and (e)..................
13
48,101
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
Michael & Donna Kaplan Foundation
 
Employer identification number

46-4374951
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
Michael & Donna Kaplan Foundation
  		Employer identification number
46-4374951
Part I
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
MICHAEL DONNA KAPLAN
3400 Sycamore LN N
 
Plymouth, MN55441

$ 119,338


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
MICHAEL DONNA KAPLAN
3400 Sycamore LN N
 
Plymouth, MN55441

$ 100,508


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
Michael & Donna Kaplan Foundation
  		Employer identification number

46-4374951
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
 96 Sh Broadcom Incorporated $ 119,338 2024-02-05
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 770 Sh Nvidia Corporation $ 100,508 2024-10-07
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
Michael & Donna Kaplan Foundation
  		Employer identification number

46-4374951
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Filing fees 25 25 25  
Tax preparation software 136 136 136  
Bank fees 20 20 20  

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TY 2024 GainLossSaleOtherAssetsSch
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Sale of Stock   Purchase donated 2024-12 12312024 208,659 171,315 Cost   37,344  

TY 2024 InvestmentsCorpStockSchedule
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Name of Stock End of Year Book Value End of Year Fair Market Value
Corporate Securities 365,276 403,540

TY 2024 OtherIncomeSchedule2
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Long term capital gain distributions 3,575 3,575 3,575


TY 2024 OtherProfessionalFeesSchedule
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Financial advisor fees 2,700 2,700 2,700  


TY 2024 SubstantialContributorsSch
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Name Address
MICHAEL KAPLAN 3400 Sycamore LN N
Plymouth,MN55441
DONNA KAPLAN 3400 Sycamore LN N
Plymouth,MN55441


TY 2024 TaxesSchedule
Name:
Michael & Donna Kaplan Foundation
EIN:
46-4374951
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal taxes 112 112 112  
Foreign taxesinvestments 135 135 135