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
GRANITE FOUNDATION AGENCY (PLG)
 
Number and street (or P.O. box number if mail is not delivered to street address)1444 NORTHLAND DRIVE SUITE 200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MENDOTA HEIGHTS, MN55120
A Employer identification number

26-0010320
B Telephone number (see instructions)

(651) 699-0206
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$21,790,360J 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) 2,188,265
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 274,065 269,333  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 229,087
b Gross sales price for all assets on line 6a 1,071,357
7 Capital gain net income (from Part IV, line 2)... 314,363
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-12,466 -22,466  
12 Total. Add lines 1 through 11........ 2,678,951 561,230  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,251 4,626   4,625
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
54,763 54,763   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,819 5,894   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 281 0   281
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,706 0   11,706
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 91,820 65,283   16,612
25 Contributions, gifts, grants paid....... 696,147 696,147
26 Total expenses and disbursements. Add lines 24 and 25 787,967 65,283   712,759
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,890,984
b Net investment income (if negative, enter -0-) 495,947
c Adjusted net income (if negative, enter -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............. 1,738,019 1,933,789 1,933,789
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow200,000
Less: allowance for doubtful accounts right arrow     200,000 200,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,175,090 Click to see attachment
List of Attached Documents:
// Content
6,467,331 		11,203,492
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).......... 6,743,433 Click to see attachment
List of Attached Documents:
// Content
7,981,070 		8,453,079
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) 14,656,542 16,582,190 21,790,360
Liabilities 17 Accounts payable and accrued expenses.......... 6,222 6,913
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)......... 6,222 6,913
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........ 14,650,320 16,575,277
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 14,650,320 16,575,277
30 Total liabilities and net assets/fund balances (see instructions). 14,656,542 16,582,190
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
14,650,320
2
Enter amount from Part I, line 27a .....................
2
1,890,984
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
33,973
4
Add lines 1, 2, and 3 ..........................
4
16,575,277
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
16,575,277
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 PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES D    
c CAPITAL GAINS DIVIDENDS P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 821,034   707,535 113,499
b 217,647   49,459 168,188
c 32,676     32,676
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       113,499
b       168,188
c       32,676
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 314,363
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 6,894
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 6,894
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 6,894
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 11,843
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,843
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 4,949
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow4,949 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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right 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 arrowN/A
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (651) 699-0206

Located atright arrow1444 NORTHLAND DRIVE SUITE 200MENDOTA HEIGHTSMN ZIP+4right arrow55120
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
 
 
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
 
 
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
TIMOTHY MADDEN VICE PRESIDENT
2.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
DIANE MADDEN PRESIDENT
2.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
MICHAELA MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
FRANCIS T MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
PAUL C SMITH SECRETARY/TREASURER
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
MALLORY L MADDEN DIRECTOR
1.00 		0 0 0
1876 GLUEK LANE
ROSEVILLE,MN551133851
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 arrow0
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
13,431,000
b
Average of monthly cash balances.......................
1b
1,034,763
c
Fair market value of all other assets (see instructions)................
1c
4,850,880
d
Total (add lines 1a, b, and c).........................
1d
19,316,643
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
19,316,643
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
289,750
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,026,893
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
951,345
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
951,345
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,894
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,894
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
944,451
4
Recoveries of amounts treated as qualifying distributions................
4
10,000
5
Add lines 3 and 4............................
5
954,451
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
954,451
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
712,759
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
712,759
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 7 954,451
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...... 29,208
b From 2020......  
c From 2021......  
d From 2022...... 18,501
e From 2023......  
f Total of lines 3a through e ........ 47,709
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 712,759
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..... 712,759
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 47,709 47,709
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		193,983
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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).)
TIMOTHY MADDEN
DIANE MADDEN
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 e-mail address of the person to whom applications should be addressed:
GRANITE FOUNDATION
1876 GLUEK LN
ROSEVILLE,MN551133851
(651) 699-0206
bThe form in which applications should be submitted and information and materials they should include:
N/A
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
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

30 DAYS FOUNDATION

8014 OLSON MEMORIAL HWY 195
GOLDEN VALLEY,MN55427 		NONE PC GRANT 50,000

54 BELOW

254 W 54TH ST CELLAR
NEW YORK CITY,NY10019 		NONE PC DONATION 1,360

A RACE AGAINST BLINDNESS

4967 S ELLESMERE ST
GILBERT,AZ85298 		NONE PC DONATION 200

ALFRED JOHN

6510 208TH STREET SE APT E08
LYNNWOOD,WA98036 		NONE PC HARDSHIP 2,276

ALL COUNTY CREMATION & BURIAL SERVICES

605 BARNES STREET SUITE 206
VANCOUVER,WA98661 		NONE PC HARDSHIP 1,867

ALUMNI & FRIENDS & FAMILIES

100 ECK VISITORS CENTER
NOTRE DAME,IN46556 		NONE PC GRANT 5,000
ANTHONY FLANNERY


2950 CORPORATE DRIVE
WINCHESTER,KY40391 		NONE I HARDSHIP 2,000

ANTHONY MIDDLE SCHOOL

5757 IRVING AVE SO
MINNEAPOLIS,MN55419 		NONE PC DONATION 5,000
CAMRYN WITHAM


1459 WEST 34TH STREET
MINNEAPOLIS,MN55408 		NONE I DONATION 1,500
CHARLES KAHIRO


1871 WILSON AVE APT 101
ST PAUL,MN55119 		NONE I EVENT EXPERIENCE 1,882
CHRIS WREH


3717 ORCHARD AVENUE N
ROBBINSDALE,MN55422 		NONE I EVENT EXPERIENCE 1,882

CHRISTINE SERAFINO

3812 FROSTWOOD TERRACE
DEL CITY,OK73115 		NONE PC HARDSHIP 1,837

CHURCH OF CORPUS CHRISTI

2131 FAIRVIEW AVE N
ROSEVILLE,MN55113 		NONE PC DONATION 30,000

CHURCH OF OUR LADY

57482 CSAH 3
GROVE CITY,MN56243 		NONE PC DONATION 255
CODY JONES


45 W 3RD ST
RUSH CITY,MN55069 		NONE I EVENT EXPERIENCE 1,882

COPE MEMORIAL CHAPEL

405 S MAIN AVE
AZTEC,NM87410 		NONE PC DONATION 2,083

CRETIN-DERHAM HALL

540 WARWICK ST
ST PAUL,MN55116 		NONE PC GRANT 10,000

DALLAS SAFARI CLUB

13709 GAMMA ROAD
DALLAS,TX75244 		NONE PC FOUNDATION DONATION 10,200
DAN AND COLLETTE HAGEN


756 TUSCARORA AVE
ST PAUL,MN55102 		NONE I RENT 15,000
DANNY ANDERSON


9210 S WESTERN AVE SUITE 22
OKLAHOMA CITY,OK73139 		NONE I GRANT 1,000
DAWN BAHAJAK


9207 ST CROIX TRAIL N
STILLWATER,MN55082 		NONE I HARDSHIP 3,000

DOWN SYNDROME ASSOCIATION OF MINNESOTA

656 TRANSFER ROAD
SAINT PAUL,MN55114 		NONE PC DONATION 500

DRAGON DASH

4912 VINCENT AVE S
MINNEAPOLIS,MN55410 		NONE PC GRANT 1,000

EAST WIND ORGANIZATION

2431 OXFORD STREET N
ROSEVILLE,MN55113 		NONE PC DONATION 10,565
ED HODGE


2209 KINGS VALLEY RD
GOLDEN VALLEY,MN55427 		NONE I EVENT EXPERIENCE 1,882

EDINA LACROSSE ASSOCIATION

4801 W 50TH STREET
EDINA,MN55424 		NONE PC DONATION 5,000
EDITH KOTA


10440 UPLANDER ST
COON RAPIDS,MN55448 		NONE I EVENT EXPERIENCE 1,882
ELISSA HACKBARTH


269 OXFORD ST N APT 3
ST PAUL,MN55104 		NONE I HARDSHIP 1,000

EVERY KID SWIMS

515 CARSWELL AVE
DAYTONA BEACH,FL32117 		NONE PC DONATION 1,610
FAHMA BORE


6630 RICHFIELD PKWY APT A305
RICHFIELD,MN55423 		NONE I EVENT EXPERIENCE 1,882

FIRE & BRIMSTONE

PO BOX 692
SOUTH ST PAUL,MN55075 		NONE PC GRANT 2,500

GET KIDS GOING - LONDON

4 CHANDLERY HOUSE 40 GOWERS WALK
LONDON   E1 8BH
UK 		NONE PC DONATION 5,371

HBF DEVELOPMENT

1350 TECHNOLOGY WAY
MORRISTOWN,TN37813 		NONE PC DONATION 200

HELP PAGE DUET

4715 S 132ND STREET
OMAHA,NE68137 		NONE PC DONATION 1,976

HIGHLAND FRIENDSHIP CLUB

PO BOX 16437
ST PAUL,MN55116 		NONE PC GRANT 1,500

HOPE ACADEMY

2300 CHICAGO AVE S
MINNEAPOLIS,MN55404 		NONE PC SCHOLARSHIP 75,000
JEFF LINDENMUTH


1577 ASHLAND AVE APT 1
ST PAUL,MN55104 		NONE I EVENT EXPERIENCE 1,882

JESUIT RETREAT HOUSE

8243 DEMONTREVILLE TR N
LAKE ELMO,MN55042 		NONE PC DONATION 3,000

KEEN THEATER COMPANY

520 8TH AVE
NEW YORK,NY10018 		NONE PC DONATION 5,487
KEITH NEWCOMBE


17062 YOUNG ST
BENNINGTON,NE68007 		NONE I EVENT EXPERIENCE 1,882

LA PAZ GLOBAL

9450 SW GEMINI DR PMB 74632
BEAVERTON,OR97008 		NONE PC DONATION 25,000

LAKE HARRIET ELEMENTARY SCHOOL

4030 CHOWEN AVE S
MINNEAPOLIS,MN55410 		NONE PC DONATION 4,100

LEUKEMIA & LYMPHOMA SOCIETY

1711 BROADWAY STREET NE
MINNEAPOLIS,MN55413 		NONE PC DONATION 2,595

LEWIS SPORTS FOUNDATION

PO BOX 46451
EDEN PRAIRIE,MN55344 		NONE PC GRANT 1,495

LINDEN HILLS NEIGHBORHOOD COUNCIL

PO BOX 24049
MINNEAPOLIS,MN55424 		NONE PC DONATION 555

LLOYD MANAGEMENT

1628 PLEASANT VIEW DR APT B
NORTH MANKATO,MN56003 		NONE PC DONATION 1,000

MAESTRA MUSIC INC

214 WEST 104TH STREET 237
NEW YORK,NY10025 		NONE PC DONATION 2,243

MAKE A WISH FOUNDATION

1919 UNIVERSITY AVE W 415
ST PAUL,MN55104 		NONE PC DONATION 1,450

MARQUETTE UNIVERSITY

PO BOX 1881
MILWAUKEE,WI53201 		NONE PC DONATION 5,000

MATTHEW KENNEDY

817 CLAY HILL DR
KNIGHTDALE,NC27545 		NONE PC HARDSHIP 5,086

MINNESOTA VALLEY COUNTRY CLUB

6300 AUTO CLUB RD
BLOOMINGTON,MN55438 		NONE PC DONATION 20

MINNESOTA ZOO

13000 ZOO BOULEVARD
APPLE VALLEY,MN55124 		NONE PC DONATION 300
MISSY TALASKA


4629 W 5TH ST
DULUTH,MN55807 		NONE I EVENT EXPERIENCE 1,882

MN SCI

PO BOX 1303
BURNSVILLE,MN55337 		NONE PC DONATION 19,146

MN STATE FAIR FOUNDATION

1265 SNELLING AVENUE NORTH
ST PAUL,MN55108 		NONE PC DONATION 30,505
MYRIAM RUIZ


400 HOLLY
ST PAUL,MN55102 		NONE I GRANT 25,000

NEC SOCIETY

140 B ST SUITE 5 128
DAVIS,CA95616 		NONE PC DONATION 500
NICHOLAS KESTER


115 18TH ST NW 207
SAUK RAPIDS,MN56379 		NONE I EVENT EXPERIENCE 1,882

NORTH TAHOE COMMUNITY ALLIANCE

PO BOX 1757
TAHOE CITY,CA96145 		NONE PC DONATION 242
ODUNOLA ADELE


1896 IVY AVENUE EAST
ST PAUL,MN55119 		NONE I EVENT EXPERIENCE 1,882
OMAR OMAR


230 2ND STREET NE APT 207
SAINT CLOUD,MN56304 		NONE I EVENT EXPERIENCE 1,881

ORDER OF THE ROYAL GUARD

550 VILLAGE CENTER DR STE 400
ST PAUL,MN55127 		NONE PC GRANT 5,000

PANCREATIC CANCER ACTION NETWORK INC

2101 ROSENCRANS AVE 3200
EL SEGUNDO,CA90245 		NONE PC DONATION 1,000

PEACEMAKER MINNESOTA

2131 FAIRVIEW AVE N STE E
ST PAUL,MN55113 		NONE PC DONATION 500

PRIMROSE SCHOOL OF SOUTH MINNEAPOLIS AND RICHFIELD

6500 RICHFIELD PKWY
RICHFIELD,MN55423 		NONE PC GRANT 669

PROMISE PROJECT

121 AVENUE OF AMERICAS 6TH FLOOR
NEW YORK,NY10013 		NONE PC DONATION 2,130
PROMISE WHERN


6100 SUMMIT DR N 1011
BROOKLYN CENTER,MN55430 		NONE I EVENT EXPERIENCE 1,881

RIDGEVIEW FOUNDATION

PO BOX 919798
ORLANDO,FL32891 		NONE PC GRANT 5,000

ROSEVILLE AREA SCHOOLS FOUNDATION

1910 COUNTY ROAD B W
ST PAUL,MN55113 		NONE PC GRANT 25,150

ROUNDABOUT THEATRE COMPANY

231 WEST 39TH STREET SUITE 1200
NEW YORK,NY10018 		NONE PC DONATION 2,560

SAFARI CLUB INTERNATIONAL

4800 WEST GATES PASS ROAD
TUSCON,AZ85745 		NONE PC DONATION 1,627

SHANE MCCONKEY FOUNDATION

PO BOX 3666
OLYMPIC VALLEY,CA96146 		NONE PC DONATION 100
SHANNON KAISER


111 N MAIN STREET 250
JANESVILLE,WI53545 		NONE I HARDSHIP 2,000
SHANNON WAGY


105 SWAN LANE
MANKATO,MN56001 		NONE I EVENT EXPERIENCE 1,881
SHELLEY BROOKS


901 LILY CREEK ROAD 202
LOUISVILLE,KY40243 		NONE I HARDSHIP 5,000

SOLID GROUND FOUNDATION

3521 CENTURY AVE N
WHITE BEAR LAKE,MN55110 		NONE PC DONATION 10,000

SOUTH ST PAUL LIONS

239 CLEVELAND AVE N
ST PAUL,MN55104 		NONE PC DONATION 5,000

ST JUDE'S MECIAL RESEARCH

262 DANNY THOMAS PL
MEMPHIS,TN38105 		NONE PC DONATION 12,188

ST PAUL FESTIVAL & HERITAGE FOUNDATION

75 5TH ST W 429
ST PAUL,MN55102 		NONE PC DONATION 90,471
STACY ASHER


7766 EWING BLVD SUITE 200
FLORENCE,KY41042 		NONE I HARDSHIP 2,500

STAR OF BOREAS

1033 BROOKS AVE W
ROSEVILLE,MN55113 		NONE PC GRANT 552

TAYLOR FUNERAL HOME

15057 E COLIFAX AVE UNIT H
AURORA,CO80011 		NONE PC HARDSHIP 2,000

TEAM GOOSE FOUNDATION

1 DREXEL COURT
BOONTON,NJ07005 		NONE PC DONATION 5,628

THE HOUSE INSTITUTE FOUNDATION

1127 WILSHIRE BLVD SUITE 1620
LOS ANGELES,CA90017 		NONE PC DONATION 5,000
THE NEXT EDISON


1022 MEDINA ROAD
LONG LAKE,MN55356 		NONE PC DOINATION 25,000

THE THORN TREE PROJECT

104 WOOSTER ST PH N
NEW YORK CITY,NY10012 		NONE PC DONATION 1,454

TRANSFORMATION

5275 DATIL PEPPER RD
ST AUGUSTINE,FL32086 		NONE PC GRANT 1,000

TWIN CITIES IN MOTION

2635 UNIVERSITY AVE W STE 190
ST PAUL,MN55114 		NONE PC DONATION 264

UNIVERSITY OF NOTRE DAME

1100 GRACE HALL
NOTRE DAME,IN46556 		NONE PC DONATION 40,000

UNIVERSITY OF ST THOMAS LACROSSE

2115 SUMMIT AVE
ST PAUL,MN55105 		NONE PC DONATION 20,000

UNLIMITED POSSIBILITIES

1504 E 122ND ST
BURNSVILLE,MN55337 		NONE PC DONATION 5,000

VAN METER MEATS

407 MAIN ST S
LUCK,WI54853 		NONE PC GRANT 280

WHY HUNGER

505 EIGHTH AVENUE SUITE 1212
NEW YORK,NY10018 		NONE PC DONATION 1,205

WISEPLACE

1411 N BROADWAY
SANTA ANA,CA92706 		NONE PC DONATION 10,000
Total .................................right arrow 3a 696,147
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 ........... 		         
4 Dividends and interest from securities ....     14 274,065  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 10,378  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 229,087  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    14 -22,844  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 490,686 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
490,686
(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
GRANITE FOUNDATION AGENCY (PLG)
 
Employer identification number

26-0010320
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
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
TIM AND DIANE MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 250,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TOM JACKIE MARTIN
718 PENFOLDS LANE
 
COPPELL, TX75019

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
MORGAN MADDEN-LEWIS
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 300,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
MICHAELA SMITH
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
FRANCIS MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
KEVIN MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
7
MELANIE MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 400,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
GREGORY MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
MALLORY MADDEN
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 17,330


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 16,224


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 12,647


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number
26-0010320
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
13
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 18,521


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
14
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 24,668


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
15
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 19,048


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
16
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 55,343


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
17
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 41,032


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
18
TIM AND DIANE MADDEN
 
1876 GLUEK LANE
 
ROSEVILLE, MN55113

$ 23,302


(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
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
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
10
 125 SHARES OF GENERAL ELECTRIC $ 17,330 2024-02-01
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
11
 483 SHARES OF BNP PARIBAS $ 16,224 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
12
 1849 SHARES OF CEMEX $ 12,647 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
13
 1769 SHARES OF MITSUBISHI FINANCIAL $ 18,521 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
14
 1625 SHARES OF PETROLEO BRASIL $ 24,668 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
15
 736 SHARES OF PUBLICIS $ 19,048 2024-08-15
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
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
16
 8567 SHARES OF ROLLS ROYCE $ 55,343 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
17
 189 SHARES OF SAP SE $ 41,032 2024-08-15
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
18
 766 SHARES OF UBS GROUP $ 23,302 2024-08-15
(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
GRANITE FOUNDATION AGENCY (PLG)
  		Employer identification number

26-0010320
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:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 9,251 4,626   4,625

TY 2024 InvestmentsCorpStockSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK (AVAILABLE UPON REQUEST) 6,467,331 11,203,492

TY 2024 InvestmentsOtherSchedule2
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER ASSETS (AVAILABLE UPON REQUEST) AT COST 7,981,070 8,453,079

TY 2024 OtherExpensesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE AG FEES 25 0   25
INSURANCE RENEWAL 1,339 0   1,339
VEHICLE EXP 117 0   117
OFFICE EXPENSES 1,367 0   1,367
MEALS 942 0   942
MISCELLANEOUS EXPENSES 7,916 0   7,916


TY 2024 OtherIncomeSchedule2
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 10,378 378 10,378
OTHER INCOME -22,844 -22,844 -22,844


TY 2024 OtherIncreasesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Description Amount
PRIOR PERIOD ADJUSTMENT 33,973


TY 2024 OtherProfessionalFeesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES 54,763 54,763   0


TY 2024 TaxesSchedule
Name:
GRANITE FOUNDATION AGENCY (PLG)
EIN:
26-0010320
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD 5,894 5,894   0
PY TAXES PAID 9,925 0   0