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
JULIE & DOUG BAKER JR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634
A Employer identification number

46-1734894
B Telephone number (see instructions)

(651) 466-8710
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$27,764,752J 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) 8,442,669
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 695,860 693,559  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 7,342,383
b Gross sales price for all assets on line 6a 13,123,355
7 Capital gain net income (from Part IV, line 2)... 7,342,383
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25,081 25,074  
12 Total. Add lines 1 through 11........ 16,505,993 8,061,016  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,500 0 0 2,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
81,128 73,015   8,113
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
176,862 7,353   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,135 18,400   11,735
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 290,625 98,768 0 22,348
25 Contributions, gifts, grants paid....... 1,133,700 1,133,700
26 Total expenses and disbursements. Add lines 24 and 25 1,424,325 98,768 0 1,156,048
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 15,081,668
b Net investment income (if negative, enter -0-) 7,962,248
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,396,700 3,461,300 3,461,300
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 6,415,988 Click to see attachment
List of Attached Documents:
// Content
10,323,865 		14,064,725
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).......... 3,778,067 Click to see attachment
List of Attached Documents:
// Content
8,168,027 		10,210,639
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
27,955 		Click to see attachment
List of Attached Documents:
// Content
28,088 		Click to see attachment
List of Attached Documents:
// Content
28,088
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,618,710 21,981,280 27,764,752
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 13,618,710 21,981,280
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)..... 13,618,710 21,981,280
30 Total liabilities and net assets/fund balances (see instructions). 13,618,710 21,981,280
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
13,618,710
2
Enter amount from Part I, line 27a .....................
2
15,081,668
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
22,168
4
Add lines 1, 2, and 3 ..........................
4
28,722,546
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,741,266
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
21,981,280
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 23. COSTCO WHOLESALE CORP COM     2024-01-10
b 33. LULULEMON ATHLETICA INC   2022-08-10 2024-01-10
c 39. MASTERCARD INC     2024-01-10
d 66. NETFLIX.COM INC COM   2022-12-07 2024-01-10
e 195. PAYCOM SOFTWARE INC     2024-01-10
355. DANAHER CORP COM     2024-03-19
11423. ECOLAB INC     2024-03-19
6500. ISHARES CORE MSCI TOTAL ETF   2018-12-24 2024-03-19
190. LULULEMON ATHLETICA INC     2024-03-19
1000. SPROUT SOCIAL INC CLASS A   2020-08-27 2024-03-19
807. TENABLE HOLDINGS INC   2019-10-11 2024-03-19
118. VERALTO CORP COM SHS     2024-03-19
230. YETI HOLDINGS INC   2023-04-24 2024-03-19
1195. YETI HOLDINGS INC     2024-03-19
170. ABBVIE INC   2023-02-10 2024-03-20
223. ALPHABET INC CL A   2021-09-28 2024-03-20
94. CATERPILLAR INC   2021-09-28 2024-03-20
657. COPART INC COM     2024-03-20
25. COSTCO WHOLESALE CORP COM     2024-03-20
74. DANAHER CORP COM   2022-12-07 2024-03-20
309.99986 EDWARDS LIFESCIENCES CORP COM     2024-03-20
82.00014 EDWARDS LIFESCIENCES CORP COM     2024-03-20
167. J P MORGAN CHASE & CO   2021-09-28 2024-03-20
236. MARATHON PETROLEUM CORP     2024-03-20
168. MARATHON PETROLEUM CORP   2020-12-07 2024-03-20
64. MATCH GROUP INC NEW   2023-07-06 2024-03-20
372. MATCH GROUP INC NEW     2024-03-20
71.99946 TEXAS INSTRS INC   2023-07-06 2024-03-20
3.00054 TEXAS INSTRS INC   2023-07-06 2024-03-20
109. TEXAS INSTRS INC   2021-09-28 2024-03-20
13. CHUBB LIMITED COM   2023-07-06 2024-03-20
66. CHUBB LIMITED COM     2024-03-20
5378. ECOLAB INC     2024-05-06
4000. ECOLAB INC   2007-06-13 2024-05-06
4000. ECOLAB INC   2007-06-13 2024-05-06
8000. ECOLAB INC   2007-06-13 2024-05-06
4830. ECOLAB INC   2007-06-13 2024-05-06
120. AIRBNB INC CL A     2024-05-15
198. AIRBNB INC CL A     2024-05-15
289. CVS CORP COM     2024-05-15
600. CVS CORP COM   2023-03-28 2024-05-15
1.99948 NETFLIX.COM INC COM   2024-03-22 2024-05-15
16.00052 NETFLIX.COM INC COM   2024-03-22 2024-05-15
19. NETFLIX.COM INC COM   2022-12-07 2024-05-15
33. SCHWAB CHARLES CORP NEW COM   2024-03-22 2024-05-15
810. SCHWAB CHARLES CORP NEW COM     2024-05-15
123.00044 GILEAD SCIENCES INC     2024-06-14
129.99956 GILEAD SCIENCES INC     2024-06-14
295. GILEAD SCIENCES INC   2020-12-07 2024-06-14
16. NETFLIX.COM INC COM   2024-04-06 2024-06-14
26. NETFLIX.COM INC COM   2022-12-07 2024-06-14
276. TRADE DESK INC THE CLASS A     2024-06-14
839. WAL MART STORES INC     2024-06-14
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-06-14
266. ALBEMARLE CORP COM     2024-06-27
340. ALBEMARLE CORP COM     2024-06-27
67. AMERICAN TOWER CORP   2023-07-06 2024-06-27
60. AMERICAN TOWER CORP   2021-09-28 2024-06-27
64.00039 BANK OF AMERICA CORP   2021-09-28 2024-06-27
601.99961 BANK OF AMERICA CORP   2021-09-28 2024-06-27
44. CATERPILLAR INC     2024-06-27
35. CATERPILLAR INC   2021-09-28 2024-06-27
137. J P MORGAN CHASE & CO     2024-06-27
327. MORGAN STANLEY DEAN WITTER & CO   2024-05-30 2024-06-27
226. MORGAN STANLEY DEAN WITTER & CO   2022-03-01 2024-06-27
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-07-16
94960.774 STONE RIDGE HY REINSUR-I     2024-08-09
382. AMERICAN TOWER CORP     2024-08-15
2538. MOBILEYE GLOBAL INC COMMON CLASS A     2024-08-15
543. NIKE INC CL B COM     2024-08-15
57. SALESFORCE COM INC   2024-03-22 2024-08-15
165. SALESFORCE COM INC     2024-08-15
37. SERVICENOW INC     2024-08-15
172. TRADE DESK INC THE CLASS A   2024-05-30 2024-08-15
96. TRADE DESK INC THE CLASS A     2024-08-15
91. UNITEDHEALTH GRP INC COM     2024-08-15
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-08-15
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-09-13
30. BLACKROCK INC COM     2024-10-09
112. DANAHER CORP COM     2024-10-09
46. NETFLIX.COM INC COM     2024-10-09
113. S P GLOBAL INC COM     2024-10-09
18774. ISHARES FLOATING RATE BOND ETF   2024-08-08 2024-10-18
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-10-18
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-11-15
610. BANK OF AMERICA CORP     2024-12-04
40. BLACKROCK INC COM     2024-12-04
117. DEERE & CO COM     2024-12-04
79. DEERE & CO COM     2024-12-04
543. NIKE INC CL B COM     2024-12-04
147. PALO ALTO NETWORKS INC     2024-12-04
353. TARGET CORP     2024-12-04
100. TARGET CORP   2021-09-28 2024-12-04
231. TRADE DESK INC THE CLASS A     2024-12-04
558. VERIZON COMMUNICATIONS     2024-12-04
820. VERIZON COMMUNICATIONS     2024-12-04
307. ZILLOW GROUP INC     2024-12-04
476. ZILLOW GROUP INC     2024-12-04
238. APTIV PLC     2024-12-04
507. APTIV PLC     2024-12-04
4301. SPDR GOLD MINISHARES ETF   1900-01-01 2024-12-09
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 15,445   9,616 5,829
b 15,973   10,531 5,442
c 16,598   13,746 2,852
d 31,446   20,204 11,242
e 39,344   56,162 -16,818
89,454   39,002 50,452
2,582,645   473,917 2,108,728
435,984   333,583 102,401
87,406   35,339 52,067
56,260   34,368 21,892
37,927   18,383 19,544
10,292   5,125 5,167
8,380   9,028 -648
43,538   26,496 17,042
30,107   25,769 4,338
32,930   30,258 2,672
32,990   18,804 14,186
37,048   19,885 17,163
18,303   9,038 9,265
18,543   17,613 930
28,653   31,411 -2,758
7,579   9,216 -1,637
32,593   27,761 4,832
46,123   26,377 19,746
32,858   7,101 25,757
2,279   2,627 -348
13,244   55,632 -42,388
12,039   12,573 -534
502   524 -22
18,226   21,267 -3,041
3,369   2,501 868
17,104   10,929 6,175
1,224,039   232,545 991,494
910,182   172,960 737,222
915,218   172,960 742,258
1,833,284   345,920 1,487,364
1,107,216   208,849 898,367
17,410   17,409 1
28,726   22,897 5,829
16,149   21,587 -5,438
33,528   44,431 -10,903
1,235   1,252 -17
9,880   10,016 -136
11,732   5,816 5,916
2,576   2,374 202
63,227   44,787 18,440
7,931   8,002 -71
8,382   9,705 -1,323
19,021   17,903 1,118
10,712   10,503 209
17,407   7,959 9,448
26,249   17,677 8,572
56,074   40,583 15,491
17   17  
25,833   36,116 -10,283
33,020   62,183 -29,163
13,057   13,180 -123
11,692   16,027 -4,335
2,490   2,774 -284
23,421   26,094 -2,673
14,455   13,775 680
11,498   7,002 4,496
27,333   27,311 22
31,351   31,684 -333
21,668   19,816 1,852
16   15 1
870,790   873,982 -3,192
83,908   83,634 274
35,463   73,569 -38,106
44,345   53,122 -8,777
14,891   17,639 -2,748
43,106   44,475 -1,369
30,746   21,460 9,286
17,368   16,151 1,217
9,694   6,112 3,582
52,472   43,985 8,487
17   16 1
17   16 1
28,563   20,327 8,236
29,921   25,612 4,309
33,214   17,254 15,960
58,747   45,525 13,222
956,152   954,251 1,901
18   15 3
20   18 2
28,172   26,308 1,864
40,955   32,977 7,978
53,284   45,318 7,966
35,978   29,975 6,003
42,359   52,989 -10,630
59,009   29,692 29,317
45,878   55,681 -9,803
12,997   23,334 -10,337
32,538   20,685 11,853
23,913   22,422 1,491
35,142   44,197 -9,055
24,652   14,948 9,704
38,223   30,324 7,899
13,410   19,128 -5,718
28,566   54,929 -26,363
18   16 2
      337
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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       5,829
b       5,442
c       2,852
d       11,242
e       -16,818
      50,452
      2,108,728
      102,401
      52,067
      21,892
      19,544
      5,167
      -648
      17,042
      4,338
      2,672
      14,186
      17,163
      9,265
      930
      -2,758
      -1,637
      4,832
      19,746
      25,757
      -348
      -42,388
      -534
      -22
      -3,041
      868
      6,175
      991,494
      737,222
      742,258
      1,487,364
      898,367
      1
      5,829
      -5,438
      -10,903
      -17
      -136
      5,916
      202
      18,440
      -71
      -1,323
      1,118
      209
      9,448
      8,572
      15,491
       
      -10,283
      -29,163
      -123
      -4,335
      -284
      -2,673
      680
      4,496
      22
      -333
      1,852
      1
      -3,192
      274
      -38,106
      -8,777
      -2,748
      -1,369
      9,286
      1,217
      3,582
      8,487
      1
      1
      8,236
      4,309
      15,960
      13,222
      1,901
      3
      2
      1,864
      7,978
      7,966
      6,003
      -10,630
      29,317
      -9,803
      -10,337
      11,853
      1,491
      -9,055
      9,704
      7,899
      -5,718
      -26,363
      2
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 7,342,383
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) 1 110,675
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........................... 3 110,675
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- ..... 5 110,675
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 157,662
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 157,662
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 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 46,987
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow46,987 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowUS BANK NA Telephone no.right arrow (414) 516-3116

Located atright arrowPO BOX 0634MILWAUKEEWI ZIP+4right arrow532010634
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DOUGLAS M BAKER JR C0-TRUSTEE
2 		0    
318 WEST 48TH STREET
MINNEAPOLIS,MN55419
JULIE M BAKER CO-TRUSTEE
2 		0    
318 WEST 48TH STREET
MINNEAPOLIS,MN55419
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
US BANK NA ADVISOR/AGENT 81,128
101 E FIFTH ST
ST PAUL,MN55101
Total number of others receiving over $50,000 for professional services.............right arrow1
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
19,933,549
b
Average of monthly cash balances.......................
1b
3,725,862
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
23,659,411
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
23,659,411
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
354,891
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
23,304,520
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,165,226
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
1,165,226
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
110,675
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
110,675
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,054,551
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,054,551
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
1,054,551
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
1,156,048
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,156,048
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 1,054,551
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...... 1,884,637
b From 2020...... 2,642,996
c From 2021...... 2,079,869
d From 2022...... 2,446,799
e From 2023...... 839,966
f Total of lines 3a through e ........ 9,894,267
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,156,048
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..... 1,054,551
e Remaining amount distributed out of corpus 101,497
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 9,995,764
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,884,637
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		8,111,127
10 Analysis of line 9:
a Excess from 2020.... 2,642,996
b Excess from 2021.... 2,079,869
c Excess from 2022.... 2,446,799
d Excess from 2023.... 839,966
e Excess from 2024.... 101,497
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).)
DOUGLAS M BAKER JR
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

MILKWEED EDITIONS

1011 SOUTH WASHINGTON AVE
MINNEAPOLIS,MN55415 		NONE PC GENERAL OPERATING 1,000

MUSEUM OF RUSSIAN ART

5500 STEVENS AVENUE
MINNEAPOLIS,MN55419 		NONE PC GENERAL OPERATING 15,000

PAGE EDUCATION FOUNDATION

PO BOX 581254
MINNEAPOLIS,MN55458 		NONE PC GENERAL OPERATING 15,000

BABY'S SPACE - A PLACE TO GROW

2438 - 18TH AVENUE S
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATING 30,000

WAY TO GROW

125 WEST BROADWAY AVE
MINNEAPOLIS,MN55411 		NONE PC GENERAL OPERATING 170,000

EDALLIES

2800 UNIVERSITY AVE SE SUITE 200
MINNEAPOLIS,MN55414 		NONE PC GENERAL OPERATING 50,000

NORTHSIDE ACHIEVEMENT ZONE

2123 WEST BROADWAY AVE
MINNEAPOLIS,MN55411 		NONE PC GENERAL OPERATING 10,000

DUKE UNIVERSITY

BOX 90581
DURHAM,NC277080581 		NONE PC GENERAL OPERATING 140,000

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVENUE
ST PAUL,MN55105 		NONE PC GENERAL OPERATING 80,000

EDINA GIVENGO

5701 NORMANDALE RD
EDINA,MN55424 		NONE PC GENERAL OPERATING 15,000

YWCA OF MINNEAPOLIS

2808 HENNEPIN AVE
MINNEAPOLIS,MN55408 		NONE PC GENERAL OPERATING 30,000

BANYAN FOUNDATION

2529 13TH AVE S
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATING 30,000

CATHOLIC CHARITIES

1200 SECOND AVE SOUTH
MINNEAPOLIS,MN55403 		NONE PC GENERAL OPERATING 50,000

COMPAS INC

75 WEST 5TH STREET SUITE 304
ST PAUL,MN55102 		NONE PC GENERAL OPERATING 1,500

EDINA EDUCATION FUND

5701 NORMANDALE RD SUITE 200
EDINA,MN55424 		NONE PC GENERAL OPERATING 2,000

MINNESOTA HISTORICAL SOCIETY

345 W KELLOGG BLVD
ST PAUL,MN55102 		NONE PC GENERAL OPERATING 1,200

MINNESOTA PUBLIC RADIO

480 CEDAR STREET
ST PAUL,MN55101 		NONE PC GENERAL OPERATING 2,000

OASIS FOR YOUTH

2200 W OLD SHAKOPEE ROAD
BLOOMINGTON,MN55431 		NONE PC GENERAL OPERATING 15,000

ST STEPHENS EPISCOPAL CHURCH

4439 WEST 50TH STREET
EDINA,MN55424 		NONE PC GENERAL OPERATING 192,000

THE NATURE CONSERVANCY

1101 WEST RIVER PARKWAY SUITE 200
MINNEAPOLIS,MN55415 		NONE PC GENERAL OPERATING 10,000

WALLIN EDUCATION PARTNERS

451 LEXINGTON PKWY
ST PAUL,MN55104 		NONE PC GENERAL OPERATING 30,000

YOUTH FRONTIERS INC

6009 EXCELSIOR BLVD
MINNEAPOLIS,MN55416 		NONE PC GENERAL OPERATING 2,000

KINSHIP OF CUMBERLAND

1475 WEBB STREET
CUMBERLAND,WI54829 		NONE PC GENERAL OPERATING 1,000

MINNEAPOLIS INSTITUTE OF ART

2400 3RD AVENUE S
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATING 10,000

GREATER MINNEAPOLIS CRISIS NURSERY

4544 4TH AVE S
MINNEAPOLIS,MN554195145 		NONE PC GENERAL OPERATING 2,000

FRESH ENERGY

408 ST PETER STREET
ST PAUL,MN55102 		NONE PC GENERAL OPERATING 3,000

THE LIFT GARAGE

2401 E LAKE ST
MINNEAPOLIS,MN55406 		NONE PC GENERAL OPERATING 5,000

GREAT MN SCHOOLS

729 N WASHINGTON AVE
MINNEAPOLIS,MN55401 		NONE PC GENERAL OPERATING 150,000

LIONS INK

5353 WOODLAWN BLVD
MINNEAPOLIS,MN55417 		NONE PC GENERAL OPERATING 10,000

ONEVILLAGE PARTNERS

2104 STEVENS AVE S
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATING 1,000

OUR LADY OF GRACE CATHOLIC CHURCH

5071 EDEN AVE
EDINA,MN55436 		NONE PC GENERAL OPERATING 10,000

NORTHSIDE ECONOMIC OPPORTUNITY --

1007 WEST BROADWAY AVENUE
MINNEAPOLIS,MN55411 		NONE PC GENERAL OPERATING 50,000
Total .................................right arrow 3a 1,133,700
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 695,860  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 7,342,383  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSUMMIT PARTNERS SU 		    1 20,156  
bMSP EQUITY FUND IN     1 868  
cOTHER INCOME     1 4,057  
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   8,063,324  
13Total. Add line 12, columns (b), (d), and (e)..................
13
8,063,324
(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
JULIE & DOUG BAKER JR FOUNDATION
 
Employer identification number

46-1734894
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
JULIE & DOUG BAKER JR FOUNDATION
  		Employer identification number
46-1734894
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
DOUGLAS M BAKER JR
C/O US BANK NA PO BOX 0634
 
MILWAUKEE, WI53201

$ 5,957,340


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JULIE BAKER
C/O US BANK NA PO BOX 0634
 
MILWAUKEE, WI53201

$ 876,665


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
DOUGLAS M BAKER JR
C/O US BANK NA PO BOX 0634
 
MILWAUKEE, WI53201

$ 1,608,664


(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
JULIE & DOUG BAKER JR FOUNDATION
  		Employer identification number

46-1734894
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
 26,208 SHARES OF ECOLAB INC SECURITIES $ 5,957,340 2024-04-04
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 3739 SHARES OF ECOLAB INC SECURITIES $ 876,665 2024-12-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 6861 SHARES OF ECOLAB INC SECURITIES $ 1,608,664 2024-12-30
(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
JULIE & DOUG BAKER JR FOUNDATION
  		Employer identification number

46-1734894
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:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 2,500     2,500

TY 2024 InvestmentsCorpStockSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Name of Stock End of Year Book Value End of Year Fair Market Value
002824100 ABBOTT LABORATORIES 116,209 119,444
00287Y109 ABBVIE INC 102,102 122,435
00724F101 ADOBE SYS INC 141,126 125,400
007903107 ADVANCED MICRO DEVIC 134,969 135,406
009066101 AIRBNB INC CL A    
012653101 ALBEMARLE CORP 101,507 50,701
02079K305 ALPHABET INC CL A 392,618 564,871
023135106 AMAZON.COM INC 265,142 374,279
03027X100 AMERICAN TOWER CORP 233,237 200,100
031162100 AMGEN INC 90,723 96,437
032654105 ANALOG DEVICES INC 105,394 123,864
037833100 APPLE INC 564,433 899,759
060505104 BANK OF AMERICA CORP 175,800 234,122
086516101 BEST BUY CO INC 132,818 123,295
09247X101 BLACKROCK INC    
12572Q105 CME GROUP INC 101,500 120,063
126650100 CVS HEALTH CORPORATI    
149123101 CATERPILLAR INC    
15135B101 CENTENE CORP COM 78,956 71,424
166764100 CHEVRON CORP COM 135,342 131,080
17275R102 CISCO SYSTEMS INC 87,254 104,133
20030N101 COMCAST CORP CLASS A 182,432 143,402
20825C104 CONOCOPHILLIPS 57,117 53,552
217204106 COPART INC COM 63,882 74,837
22160K105 COSTCO WHOLESALE COR 29,357 50,395
235851102 DANAHER CORP 139,732 140,485
244199105 DEERE CO.    
278865100 ECOLAB INC 589,307 2,483,792
28176E108 EDWARDS LIFESCIENCES 52,171 45,306
30303M102 FACEBOOK INC A 164,698 268,164
375558103 GILEAD SCIENCES INC 42,063 59,763
437076102 HOME DEPOT INC 269,481 324,029
438516106 HONEYWELL INTL INC 115,499 125,821
461202103 INTUIT INC 35,741 46,509
46625H100 J P MORGAN CHASE CO 214,113 323,609
502431109 L3HARRIS TECHNOLOGIE 144,259 140,888
550021109 LULULEMON ATHLETICA 51,716 63,098
559222401 MAGNA INTL INC CL 90,836 62,601
56585A102 MARATHON PETROLEUM C 90,996 86,072
57636Q104 MASTERCARD INC 107,605 144,280
57667L107 MATCH GROUP INC NEW    
594918104 MICROSOFT CORP 642,231 844,686
609207105 MONDELEZ INTL INC CL 142,007 131,824
617446448 MORGAN STANLEY COM N 99,563 146,338
64110L106 NETFLIX.COM INC    
65339F101 NEXTERA ENERGY INC 239,888 251,919
67066G104 NVIDIA CORP 216,143 462,898
697435105 PALO ALTO NETWORKS I 64,316 103,717
70432V102 PAYCOM SOFTWARE INC    
717081103 PFIZER INC 80,610 60,435
74340W103 PROLOGIS INC COM 153,539 141,849
747525103 QUALCOMM INC COM 90,564 99,853
78409V104 S P GLOBAL INC COM 53,516 68,728
79466L302 SALESFORCE COM INC 51,234 78,568
806857108 SCHLUMBERGER LTD COM 240,017 178,664
808513105 SCHWAB CHARLES CORP 107,928 126,113
81762P102 SERVICENOW INC 77,680 134,635
85209W109 SPROUT SOCIAL INC CL    
855244109 STARBUCKS CORP COM 95,264 88,786
87612E106 TARGET CORP COM 236,955 211,962
88025T102 TENABLE HOLDINGS INC    
882508104 TEXAS INSTRUMENTS IN 114,248 114,756
88339J105 TRADE DESK INC THE C 60,669 96,140
893641100 TRANSDIGM GROUP INC 49,526 72,235
90353T100 UBER TECHNOLOGIES IN 96,080 132,644
907818108 UNION PACIFIC CORP 47,837 45,608
911312106 UNITED PARCEL SERVIC 95,293 76,038
91324P102 UNITEDHEALTH GROUP I 271,508 305,034
92338C103 VERALTO CORP COM SHS    
92343V104 VERIZON COMMUNICATIO    
92826C839 VISA INC 86,147 113,142
931142103 WAL MART STORES INC 78,305 125,135
98585X104 YETI HOLDINGS INC    
98954M101 ZILLOW GROUP INC 22,507 36,913
G1151C101 ACCENTURE PLC IRELAN 132,141 157,954
G54950103 LINDE PLC SHS 60,055 72,011
G5960L103 MEDTRONIC PLC 142,698 133,959
G6095L109 APTIV PLC    
H1467J104 CHUBB LTD    
09290D101 BLACKROCK INC COM 164,782 225,524
11135F101 BROADCOM INC 113,586 160,665
127097103 COTERRA ENERGY INC 42,132 44,210
237194105 DARDEN RESTAURANTS I 54,099 66,835
26142V105 DRAFTKINGS INC NEW 109,204 104,086
29444U700 EQUINIX INC 54,363 61,288
482480100 KLA CORPORATION 58,715 55,451
532457108 ELI LILLY CO 117,393 111,940
58733R102 MERCADOLIBRE INC 63,340 54,414
871607107 SYNOPSYS INC 50,832 46,595
922475108 VEEVA SYSTEMS INC-CL 83,656 85,572
92537N108 VERTIV HOLDINGS CO 108,044 141,785
G29183103 EATON CORP PLC SHS 55,115 60,400

TY 2024 InvestmentsOtherSchedule2
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
315911727 FIDELITY INTERNATION AT COST 1,418,063 1,434,315
46432F834 ISHARES CORE MSCI TO      
670700400 NUVEEN PREFERRED SEC AT COST 955,704 1,010,455
78462F103 SPDR S P 500 ETF TRU AT COST 1,067,954 2,896,407
808524847 SCHWAB US REIT ETF AT COST 382,981 426,254
861728400 STONE RIDGE HY REINS AT COST 1,118,663 1,095,697
95MSC61P3 SUMMIT PART SUB DEBT AT COST 199,831 223,609
MSP EQUITY FUND LP AT COST 125,000 125,000
149498107 CAUSEWAY EMERGING MA AT COST 500,000 486,583
19765Y340 COLUMBIA SMALL CAP G AT COST 500,000 559,670
315911750 FIDELITY 500 INDEX F AT COST 900,000 1,019,534
74925K367 ABBEY CAPITAL FUTURE AT COST 400,000 364,268
92835M422 ALPHASIMPLEX MGD FUT AT COST 400,000 345,238
98149E303 SPDR GOLD MINISHARES AT COST 199,831 223,609

TY 2024 OtherAssetsSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
000000000 MISCELLANEOUS ENTRY 27,955 28,088 28,088


TY 2024 OtherDecreasesSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Description Amount
FMV OVER ASSET CONTRIBUTED ADJ 6,720,128
MSP EQUITY FUND INCOME ADJUSTMENT 868
SUMMIT PARTNERS SUB INCOME ADJUSTMENT 20,156
COST BASIS ADJUSTMENT 114


TY 2024 OtherExpensesSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SUMMIT PARTNERS SUBORDINATED 3,358 3,358   0
MSP EQUITY FUND 14,920 14,920   0
INVESTMENT EXPENSES 122 122   0
STATE FILING FEE/TAX 25 0   25
OTHER MISC EXPENSES 11,710 0   11,710


TY 2024 OtherIncomeSchedule2
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
SUMMIT PARTNERS SUBORDINATED INCOME 20,156 20,156  
MSP EQUITY FUND INCOME 868 861  
OTHER INCOME 4,057 4,057  


TY 2024 OtherIncreasesSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Description Amount
SUMMIT PARTNERS SUB BASIS ADJUSTMENT 2,567
WASH SALE ADJUSTMENT 1,323
SUMMIT PARTNERS SUB EXP ADJUSTMENT 3,358
MSP EQUITY FUND EXP ADJUSTMENT 14,920


TY 2024 OtherProfessionalFeesSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSE (NON-DEDUCTIBLE 81,128 73,015   8,113


TY 2024 TaxesSchedule
Name:
JULIE & DOUG BAKER JR FOUNDATION
EIN:
46-1734894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 1,965 1,965   0
FEDERAL TAX PAYMENT - PRIOR YE 12,613 0   0
FEDERAL ESTIMATES - PRINCIPAL 156,896 0   0
FOREIGN TAXES ON NONQUALIFIED 5,388 5,388   0