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
NORTHWEST AREA FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)60 PLATO BOULEVARD EAST 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ST PAUL, MN55107
A Employer identification number

41-0719221
B Telephone number (see instructions)

(651) 224-9635
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$547,574,363J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 10,793,573 12,622,904  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
29,740,471
b Gross sales price for all assets on line 6a 220,295,023
7 Capital gain net income (from Part IV, line 2)... 19,253,009
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
16,503 14,443,726  
12 Total. Add lines 1 through 11........ 40,550,547 46,319,639  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,084,499 96,410   988,089
14 Other employee salaries and wages...... 2,488,738 107,743   2,298,913
15 Pension plans, employee benefits....... 1,006,174 59,298   947,551
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
128,623 36,587   103,203
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
107,743 41,948   65,795
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
5,307,491 1,176,381   50,043
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,678,089 471,149   0
19 Depreciation (attach schedule) and depletion... 293,749 0  
20 Occupancy.............. 287,788 0   274,425
21 Travel, conferences, and meetings....... 355,524 20,637   341,506
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
742,572 5,149,238   459,318
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 13,480,990 7,159,391   5,528,843
25 Contributions, gifts, grants paid....... 21,923,533 18,241,029
26 Total expenses and disbursements. Add lines 24 and 25 35,404,523 7,159,391   23,769,872
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,146,024
b Net investment income (if negative, enter -0-) 39,160,248
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.............      
2 Savings and temporary cash investments......... 9,433,822 6,276,384 6,276,384
3 Accounts receivable right arrow3
Less: allowance for doubtful accounts right arrow   63 3 3
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.......... 123,449 108,942 108,942
10a Investments—U.S. and state government obligations (attach schedule) 8,311,656 0 0
b Investments—corporate stock (attach schedule)....... 300,571,628 Click to see attachment
List of Attached Documents:
// Content
123,057,398 		123,057,398
c Investments—corporate bonds (attach schedule)....... 91,154,425 Click to see attachment
List of Attached Documents:
// Content
19,615,109 		19,615,109
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).......... 104,533,869 Click to see attachment
List of Attached Documents:
// Content
380,431,648 		380,431,648
14 Land, buildings, and equipment: basis right arrow2,155,898
Less: accumulated depreciation (attach schedule) right arrow459,882 1,935,822 Click to see attachment
List of Attached Documents:
// Content
1,696,016 		1,696,016
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
12,482,177 		Click to see attachment
List of Attached Documents:
// Content
16,388,863 		Click to see attachment
List of Attached Documents:
// Content
16,388,863
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 528,546,911 547,574,363 547,574,363
Liabilities 17 Accounts payable and accrued expenses.......... 545,176 489,555
18 Grants payable................. 5,230,000 7,955,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,438,626 		Click to see attachment
List of Attached Documents:
// Content
3,710,701
23 Total liabilities (add lines 17 through 22)......... 9,213,802 12,155,256
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........... 509,008,815 525,094,813
25 Net assets with donor restrictions............ 10,324,294 10,324,294
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 519,333,109 535,419,107
30 Total liabilities and net assets/fund balances (see instructions). 528,546,911 547,574,363
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
519,333,109
2
Enter amount from Part I, line 27a .....................
2
5,146,024
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
10,939,974
4
Add lines 1, 2, and 3 ..........................
4
535,419,107
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
535,419,107
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 XPONANCE P 2023-01-01 2024-12-31
b PRIVATE REAL ASSETS P 2023-01-01 2024-12-31
c PRIVATE EQUITY P 2023-01-01 2024-12-31
d PARAMETRIC P 2023-01-01 2024-12-31
e FULLER & THALER P 2023-01-01 2024-12-31
EMERGING MARKET EQUITY P 2023-01-01 2024-12-31
CREDIT P 2023-01-01 2024-12-31
GLOBAL EQUITY P 2023-01-01 2024-12-31
GLOBAL CREDIT P 2023-01-01 2024-12-31
US EQUITIES P 2023-01-01 2024-12-31
DEVELOPED INTERNATIONAL EQUITY P 2023-01-01 2024-12-31
DIVERSIFYING STRATEGIES P 2023-01-01 2024-12-31
TIPS P 2023-01-01 2024-12-31
MONEY MARKET P 2023-01-01 2024-12-31
DENALI P 2023-01-01 2024-12-31
DISTRIBUTION IN EXCESS OF BASIS - CASTLELAKE IV LP P 2023-01-01 2024-12-31
CAPITAL GAINS FROM PARTNERSHIP K-1S (ADJUSTMENT) P 2023-01-01 2024-12-31
LOSS ON DISPOSITION - ADAMS ST PARTNERSHIP FUND - 2003 NON-U.S. FUND, L.P. P 2023-01-01 2024-12-31
(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 14,529,602   13,769,827 759,775
b 10,940,325   10,293,242 647,083
c 26,054,737   23,284,688 2,770,049
d 11,651,636   11,265,102 386,534
e 7,202,621   6,828,316 374,305
147,598   62,457 85,141
13,146,230   16,056,040 -2,909,810
16,510,486   12,770,268 3,740,218
1,274,519   1,281,780 -7,261
39,000,916   22,799,527 16,201,389
6,241,804     6,241,804
4,000,282   2,764,343 1,235,939
4,111   4,282 -171
59,977,445   59,977,445 0
9,612,711   9,397,235 215,476
      467,190
      -10,926,812
      -27,840
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       759,775
b       647,083
c       2,770,049
d       386,534
e       374,305
      85,141
      -2,909,810
      3,740,218
      -7,261
      16,201,389
      6,241,804
      1,235,939
      -171
      0
      215,476
      467,190
      -10,926,812
      -27,840
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 19,253,009
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) 1 544,327
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........................... 3 544,327
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- ..... 5 544,327
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 980,953
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 420,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,400,953
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 10 856,626
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow856,626 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 arrowWWW.NWAF.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (651) 224-9635

Located atright arrow60 PLATO BOULEVARD EAST 400ST PAULMN ZIP+4right arrow55107
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
LAURA ALVAREZ SCHRAG DIRECTOR
3.00 		17,600 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
ELISABETH BUCK DIRECTOR
3.00 		21,100 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
JUEL BURNETTE DIRECTOR
3.00 		18,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
DUANE CARTER DIRECTOR
3.00 		29,700 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
WAYNE DUCHENEAUX DIRECTOR
3.00 		17,000 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
JOE ELTOBGI DIRECTOR
3.00 		17,000 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
LIBBY HLAVKA DIRECTOR
3.00 		21,425 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
JOYCE LEE DIRECTOR
3.00 		23,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
SALOME MWANGI DIRECTOR
3.00 		17,000 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
MICHELLE OSBORNE DIRECTOR
3.00 		22,300 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
AMY SINGS IN THE TIMBER DIRECTOR
3.00 		14,950 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
GEORGINA SLADE DIRECTOR
3.00 		18,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
MARIA VALANDRA DIRECTOR
3.00 		4,450 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
JENNIFER WILLIAMS DIRECTOR
3.00 		18,800 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
REBECCA KLEVAN NON-DIRECTOR COMMITTEE MEMBER
1.00 		2,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
KASHI YOSHIKAWA NON-DIRECTOR COMMITTEE MEMBER
1.00 		2,400 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
ANGELA GORDER NON-DIRECTOR COMMITTEE MEMBER
1.00 		0 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
MELISSA PELLAND NON-DIRECTOR COMMITTEE MEMBER
1.00 		0 0 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
KEVIN WALKER PRESIDENT/SECRETARY
40.00 		557,901 70,413 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
RAMYA RAUF CFO/VP-FINANCE & ADMIN
40.00 		259,073 31,842 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107
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
KARLA MILLER VICE PRESIDENT OF PR
40.00 		230,656 32,330 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD
ST PAUL,MN55107
KAREN APPELBAUM DIRECTOR OF OPERATIO
40.00 		188,267 57,350 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD
ST PAUL,MN55107
PAUL BACHLEITNER COMMUNICATIONS DIREC
40.00 		180,836 43,550 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD
ST PAUL,MN55107
CHETNA TANDON DIRECTOR OF PEOPLE A
40.00 		153,570 22,784 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD
ST PAUL,MN55107
CHRISTIANNE LIND PROGRAM OFFICER
40.00 		150,476 22,329 0
C/O NORTHWEST AREA FOUNDATION 60
PLATO BOULEVARD
ST PAUL,MN55107
Total number of other employees paid over $50,000...................right arrow 15
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
NEPC LLC INVESTMENT CONSULTING 379,158
255 STATE ST
BOSTON,MA02109
FAEGRE DRINKER BIDDLE & REATH LLP LEGAL SERVICES 119,783
NW 6139 PO BOX 1450
MINNEAPOLIS,MN554856139
CLIFTONLARSONALLEN LLP AUDIT AND TAX SERVICES 108,574
220 SOUTH SIXTH ST STE 300
MINNEAPOLIS,MN55402
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 ESTABLISHED IN 1934, THE NORTHWEST AREA FOUNDATION SUPPORTS ORGANIZATIONS THAT WORK WITH COMMUNITIES TO ADVANCE JUSTICE IN ITS REGION OF EIGHT STATES AND 76 NATIVE NATIONS. GRANTEE ORGANIZATIONS ADVANCE LONG-OVERDUE CHANGE IN DEEP CONNECTION WITH THE LAND THEY INHABIT AND COMMUNITIES THEY SERVE - NATIVE AMERICANS, COMMUNITIES OF COLOR, IMMIGRANTS, REFUGEES, AND PEOPLE IN RURAL AREAS.THE FOUNDATION PROVIDES FUNDING TO GRANTEE ORGANIZATIONS, BUT ALSO CONNECTIONS TO OTHER FUNDERS, INFORMATION, AND FELLOW LEADERS. THE FOUNDATION FOLLOWS THE LEAD OF GRANTEE ORGANIZATIONS TO CHANGE POLICIES, PRACTICES, AND BELIEFS AND HEAL FROM INJUSTICE SO THAT COMMUNITIES CAN THRIVE ON THEIR OWN TERMS. 2,831,828
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 CRAFT3 - ACCESS TO FINANCING FOR ENTREPRENEURS OF COLOR IN THE PACIFIC NORTHWEST 1,000,000
2 LAKOTA FUNDS INC. - ACCESS TO FINANCING FOR NATIVE AMERICANS 1,000,000
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
2,100,000
Total. Add lines 1 through 3.........................right arrow4,100,000
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
534,423,694
b
Average of monthly cash balances.......................
1b
-5,516
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
534,418,178
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
534,418,178
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
8,016,273
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
526,401,905
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
26,320,095
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
26,320,095
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
544,327
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
80,816
c
Add lines 2a and 2b............................
2c
625,143
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
25,694,952
4
Recoveries of amounts treated as qualifying distributions................
4
4,312,096
5
Add lines 3 and 4............................
5
30,007,048
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
30,007,048
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
23,769,872
b
Program-related investments—total from Part VIII-B..................
1b
4,100,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
46,259
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
27,916,131
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 30,007,048
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...... 4,397,880
b From 2020...... 4,826,939
c From 2021......  
d From 2022......  
e From 2023...... 1,959,849
f Total of lines 3a through e ........ 11,184,668
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 27,916,131
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..... 27,916,131
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 2,090,917 2,090,917
(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 9,093,751
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) ... 		2,306,963
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		6,786,788
10 Analysis of line 9:
a Excess from 2020.... 4,826,939
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 1,959,849
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).)
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

247 BLAC

PO BOX 2031
WATERLOO,IA50704 		N/A PC GENERAL OPERATING SUPPORT 200,000

AAPI CIVIC ENGAGEMENT FUND

3435 WILSHIRE BOULEVARD SUITE 1400
LOS ANGELES,CA90010 		N/A PC AAPI COMMUNITY EMPOWERMENT PROJECT 250,000

AFFILIATED TRIBES OF NORTHWEST INDIANS - ECONOMIC DEVELOPMENT CORP

9836 EAST BURNSIDE STREET
PORTLAND,OR97216 		N/A PC ATNIEDC CAPACITY BUILDING AND NORTHWEST NATIVE LENDING NETWORK 25,000

AFRICAN AMERICAN LEADERSHIP FORUM

1625 HENNEPIN AVENUE SUITE 200
MINNEAPOLIS,MN55402 		N/A PC GENERAL OPERATING SUPPORT 125,000

AFRICAN CAREER EDUCATION & RESOURCES

6901 78TH AVENUE NORTH
MINNEAPOLIS,MN55445 		N/A PC GENERAL OPERATING SUPPORT 125,000

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS

1821 UNIVERSITY AVENUE WEST SUITE
S-145
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 125,000

AKIPTAN

PO BOX 858 408 SOUTH MAIN STREET
SUITE E
EAGLE BUTTE,SD57625 		N/A PC GENERAL OPERATING SUPPORT 125,000

AMOS INSTITUTE OF PUBLIC LIFE

3829 GRAND AVENUE
DES MOINES,IA50312 		N/A PC IOWA RURAL ORGANIZING STRATEGY 100,000

APANO COMMUNITIES UNITED FUND

8188 SE DIVISION STREET
PORTLAND,OR97206 		N/A PC GENERAL OPERATING SUPPORT 75,000

ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY

300 FRANK H OGAWA PLAZA SUITE 256
OAKLAND,CA94612 		N/A PC 2024 MEMBERSHIP DUES 2,500

ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC

55 EXCHANGE PLACE 4TH FLOOR
NEW YORK,NY10005 		N/A PC 2024 MEMBERSHIP DUES 5,000

ASSOCIATION OF COOPERATIVE EDUCATORS

121 WASHINGTON AVENUE NORTH
MINNEAPOLIS,MN55401 		N/A PC SPONSORSHIP 3,000

AWOOD CENTER

1730 NEW BRIGHTON BOULEVARD SUITE
104 - 120
MINNEAPOLIS,MN55413 		N/A PC GENERAL OPERATING SUPPORT 75,000

BLACK HILLS COMMUNITY LOAN FUND INC

1764 CENTRE STREET SUITE 1
RAPID CITY,SD57703 		N/A PC GENERAL OPERATING SUPPORT 150,000

BLACKFEET ECO KNOWLEDGE INC

23446 US-2 P O BOX 377
BROWNING,MT59417 		N/A PC BLACKFEET ECO KNOWLEDGE SHIELD KEEPER PROGRAM 50,000

BOARDSOURCE

750 9TH STREET NW SUITE 650
WASHINGTON,DC200014793 		N/A PC 2024 MEMBERSHIP DUES 10,000

BUILD WEALTH MN INC

2100 PLYMOUTH AVENUE NORTH SUITE
104
MINNEAPOLIS,MN55411 		N/A PC GENERAL OPERATING SUPPORT 200,000

BYRD BARR PLACE

722 18TH AVENUE
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT 250,000

CAPACES LEADERSHIP INSTITUTE

356 YOUNG STREET
WOODBURN,OR97071 		N/A PC GENERAL OPERATING SUPPORT 150,000

CHIEF SEATTLE CLUB

410 2ND AVENUE EXTENSION SOUTH
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT 270,000

COALITION OF COMMUNITIES OF COLOR

221 NW 2ND AVENUE SUITE 303
PORTLAND,OR97209 		N/A PC GENERAL OPERATING SUPPORT 125,000

COMMON COUNSEL FOUNDATION

1624 FRANKLIN STREET SUITE 1022
OAKLAND,CA94612 		N/A PC SPONSORSHIP 250,000

COMMUNITY LENDINGWORKS

212 MAIN STREET
SPRINGFIELD,OR97477 		N/A SO I GENERAL OPERATING SUPPORT 125,000

COMUNIDADES ORGANIZANDO EL PODER Y LA ACCION LATINA COPAL EDUCATION

3702 EAST LAKE STREET
MINNEAPOLIS,MN55406 		N/A PC GENERAL OPERATING SUPPORT 125,000

CONSENSUS COUNCIL

125 SLATE DRIVE SUITE 6
BISMARCK,ND585030500 		N/A PC 2024 EMPLOYEE DISCRETIONARY GRANT 3,000

COUNCIL ON FOUNDATIONS INC

1255 23RD STREET NW SUITE 200
WASHINGTON,DC20037 		N/A PC 2024 MEMBERSHIP DUES 19,000

COUP COUNCIL

PO BOX 1966
RAPID CITY,SD57709 		N/A PC COUNTING COUP: COUP STANDS FOR COMMUNITY ORGANIZING FOR UNIFIED POWER 75,000

CRAFT3

409 MAYNARD AVENUE SOUTH SUITE 200
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT 250,000

CULTURAL WELLNESS CENTER

2025 PORTLAND AVENUE SOUTH
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING SUPPORT 170,000

DAY EAGLE HOPE PROJECT

PO BOX 1152
HARLEM,MT59526 		N/A PC 2024 EMPLOYEE DISCRETIONARY GRANT 5,000

ESHARA

PO BOX 3968
ST PAUL,MN55101 		N/A PC ESHARA COLLABORATIVE CAPACITY BUILDING 75,000

FAST BLACKFEET

PO BOX 2460
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 75,000

FOUNDATION FINANCIAL OFFICERS GROUP

19 MANTUA ROAD
MOUNT ROYAL,NJ08061 		N/A PC 2024 VICE PRESIDENT DISCRETIONARY GRANT 2,500

FUNDERS FOR LESBIAN AND GAY ISSUES

45 WEST 36TH STREET 8TH FLOOR
NEW YORK,NY10018 		N/A PC 2024 MEMBERSHIP DUES 10,000

GLOBAL TO LOCAL HEALTH INITIATIVE

2800 SOUTH 192ND STREET SUITE 104
SEATAC,WA98188 		N/A PC GENERAL OPERATING SUPPORT 150,000

GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES

PO BOX 1100
SEBASTOPOL,CA95473 		N/A PC 2024 MEMBERSHIP DUES 7,500

GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS

1310 L STREET NW SUITE 650
WASHINGTON,DC20005 		N/A PC 2024 MEMBERSHIP DUES 8,500

GRANTMAKERS OF OREGON AND S W WASHINGTON

921 SW WASHINGTON STREET SUITE 316
PORTLAND,OR97205 		N/A PC 2024 MEMBERSHIP DUES 3,620

HE SAPA OTIPI - INCORPORATED

2218 JACKSON BOULEVARD SUITE 8
RAPID CITY,SD57702 		N/A PC GENERAL OPERATING SUPPORT 125,000

HEADWATERS FOUNDATION FOR JUSTICE

2801 21ST AVENUE SOUTH SUITE 132-B
MINNEAPOLIS,MN55407 		N/A PC GRANTMAKING FOR INDIGENOUS, BLACK AND ECOSYSTEM-BUILDING SUPPORT 500,000

HISPANICS IN PHILANTHROPY

414 13TH STREET SUITE 200
OAKLAND,CA94612 		N/A PC 2024 MEMBERSHIP DUES 5,000

HMONG AMERICAN PARTNERSHIP

1075 ARCADE STREET
ST PAUL,MN55106 		N/A PC SUPPORT FOR SOUTHEAST ASIAN AND IMMIGRANT/ REFUGEE-OWNED SMALL BUSINESSES IN THE TWIN CITIES 250,000

HOPA MOUNTAIN INC

234 EAST BABCOCK STREET SUITE E
BOZEMAN,MT59715 		N/A PC STRENGTHENING THE CIRCLE: A NATIVE NONPROFIT LEADERSHIP PROGRAM 50,000

IDAHO COALITION AGAINST SEXUAL AND DOMESTIC VIOLENCE INC

1402 WEST GROVE STREET
BOISE,ID83702 		N/A PC BLACK LIBERATION COLLECTIVE 75,000

IMAGINE BLACK FUTURES

9450 SW GEMINI DRIVE PMB 26684
BEAVERTON,OR97008 		N/A PC GENERAL OPERATING SUPPORT 125,000

IMMIGRANT DEVELOPMENT CENTER

810 4TH AVENUE SOUTH SUITE 100
MOORHEAD,MN56560 		N/A PC GENERAL OPERATING SUPPORT 125,000

INDEPENDENT SECTOR

1602 L STREET NORTHWEST SUITE 900
WASHINGTON,DC20036 		N/A PC 2024 MEMBERSHIP DUES 12,500

INQUILINXS UNIDXS POR JUSTICIA-UNITED RENTERS FOR JUSTICE

3715 CHICAGO AVENUE
MINNEAPOLIS,MN55407 		N/A PC GENERAL OPERATING SUPPORT 125,000

INTERFAITH ACTION OF GREATER SAINT PAUL

1041 GRAND AVENUE 312
ST PAUL,MN55105 		N/A PC ECONOMIC MOBILITY HUB FOR AMERICAN INDIANS 170,000

INTERIM COMMUNITY DEVELOPMENT ASSOCIATION

310 MAYNARD AVENUE SOUTH
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT 50,000

IOWA CAREGIVERS

939 OFFICE PARK ROAD 332
WEST DES MOINES,IA50265 		N/A PC ADVANCING SYSTEM CHANGE POLICIES TO ELEVATE WAGES FOR DIRECT CARE WORKERS 50,000

IOWA COALITION AGAINST DOMESTIC VIOLENCE

4725 MERLE HAY ROAD SUITE 107
DES MOINES,IA50322 		N/A PC GENERAL OPERATING SUPPORT 150,000

IOWA COUNCIL OF FOUNDATIONS

6919 VISTA DRIVE
WEST DES MOINES,IA502669309 		N/A PC 2024 MEMBERSHIP DUES 550

IOWA MIGRANT MOVEMENT FOR JUSTICE

2024 FOREST AVENUE
DES MOINES,IA50311 		N/A PC GENERAL OPERATING SUPPORT 250,000

LAKOTA FUND

PO BOX 340
KYLE,SD57752 		N/A PC GENERAL OPERATING SUPPORT 100,000

LAKOTA YOUTH DEVELOPMENT

30122 352ND AVENUE PO BOX 277
HERRICK,SD575380277 		N/A PC GENERAL OPERATING SUPPORT 100,000

LATINO COMMUNITY FUND OF WASHINGTON STATE

PO BOX 30669
SEATTLE,WA98113 		N/A PC FIRELANDS WORKERS UNITED / TRABAJADORES UNIDOS: BUILDING MULTIRACIAL WORKER POWER TOWARDS A JUST, GREEN, HEALTHY, ECONOMY IN RURAL SOUTHWEST WASHINGTON STATE 60,000

LATINX IMMIGRANTS OF IOWA

800 EUCLID AVENUE
DES MOINES,IA50313 		N/A PC 2024 EMPLOYEE DISCRETIONARY GRANT 6,000

LAVENDER RIGHTS PROJECT

911 EAST PIKE STREET 314
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT 75,000

LEECH LAKE FINANCIAL SERVICES

PO BOX 848 113 SPRUCE AVENUE NORTH
CASS LAKE,MN56633 		N/A PC GENERAL OPERATING SUPPORT 125,000

LIFEWORKS SERVICES INC

6636 CEDAR AVENUE SOUTH
RICHFIELD,MN55423 		N/A PC 2024 VICE PRESIDENTIAL DISCRETIONARY GRANT 2,500

LIFEWORKS SERVICES INC

6636 CEDAR AVENUE SOUTH
RICHFIELD,MN55423 		N/A PC 2024 VICE PRESIDENT GRANT 1,000

LOCAL INITIATIVES SUPPORT CORPORATION

202 WEST SUPERIOR STREET SUITE 301
DULUTH,MN55802 		N/A PC ENHANCING AN ECOLOGICAL APPROACH TO BIPOC WEALTH, ENTREPRENEURSHIP, AND ECONOMIC SUSTAINABILITY IN DULUTH, MINNESOTA 125,000

LOWER PHALEN CREEK PROJECT

332 MINNESOTA STREET SUITE W1520
ST PAUL,MN55101 		N/A PC GENERAL OPERATING SUPPORT 100,000

MAHCHIWMINAHNAHTIK CHIPPEWA AND CREE LANGUAGE REVITALIZATION

PO BOX 174
BOX ELDER,MT59521 		N/A PC GENERAL OPERATING SUPPORT 75,000

MAKOCE AGRICULTURE DEVELOPMENT

PO BOX 163
PORCUPINE,SD57772 		N/A PC SPONSORSHIP 10,000

MAKOCE AGRICULTURE DEVELOPMENT

PO BOX 163
PORCUPINE,SD57772 		N/A PC GENERAL OPERATING SUPPORT 125,000

MAZASKA OWECASO OTIPI FINANCIAL INC

PO BOX 1996 108 OGLALA STREET
PINE RIDGE,SD57770 		N/A PC GENERAL OPERATING SUPPORT 150,000

METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS

3137 CHICAGO AVENUE
MINNEAPOLIS,MN55407 		N/A PC MCCD SUSTAINABILITY SUPPORT 50,000

MICRO ENTERPRISE SERVICES OF OREGON

4008 NE MARTIN LUTHER KING JR BLVD
PORTLAND,OR97212 		N/A PC GENERAL OPERATING SUPPORT 125,000

MINNESOTA COUNCIL ON FOUNDATIONS

800 WASHINGTON AVENUE NORTH SUITE
703
MINNEAPOLIS,MN554011167 		N/A PC 2024 MEMBERSHIP DUES 22,250

MINNESOTA MUSEUM OF AMERICAN ART

350 ROBERT STREET NORTH
ST PAUL,MN55101 		N/A PC A RECOVERABLE GRANT IN SUPPORT OF M AND REOPENING OF EXPANDED FACILITY. 100,000

MISSION INVESTORS EXCHANGE

2440 WEST EL CAMINO REAL SUITE 300
MOUNTAIN VIEW,CA940401498 		N/A PC 2024 MEMBERSHIP DUES 16,500

MN8

550 RICE STREET 2ND FLOOR
ST PAUL,MN55103 		N/A PC YOUTH CIVIC ENGAGEMENT 50,000

MN8

550 RICE STREET 2ND FLOOR
ST PAUL,MN55103 		N/A PC GENERAL OPERATING SUPPORT 100,000

MNI SOTA FUND

1300 LAGOON AVENUE 4TH FLOOR
MINNEAPOLIS,MN55408 		N/A PC GENERAL OPERATING SUPPORT 100,000

MNI WICONI HEALTH CIRCLE

3904 LILLIAN COURT SE
MANDAN,ND58554 		N/A PC GENERAL OPERATING SUPPORT 200,000

MONTANA TWO SPIRIT SOCIETY

PO BOX 7514
MISSOULA,MT59807 		N/A PC GENERAL OPERATING SUPPORT 75,000

MOUNTAIN SHADOW ASSOCIATION

444 CIRCLE F TRAIL
BOZEMAN,MT59718 		N/A PC GENERAL OPERATING SUPPORT 250,000

MOUNTAIN-PLAINS YOUTH SERVICES COALITION

217 WEST ROSSER AVENUE
BISMARCK,ND58504 		N/A PC 2024 EMPLOYEE DISCRETIONARY GRANT 3,000

NACDC FINANCIAL SERVICES INC

PO BOX 3029
BROWNING,MT59417 		N/A PC GENERAL OPERATING SUPPORT 150,000

NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY

1900 L STREET NW SUITE 825
WASHINGTON,DC20036 		N/A PC 2024 MEMBERSHIP DUES 7,500

NATIONAL INDIGENOUS WOMEN'S RESOURCE CENTER INC

12 BOWSTRINGS STREET
LAME DEER,MT59043 		N/A PC 2024 BOARD DIRECTED GRANT 1,000

NATIVE AMERICAN COMMUNITY BOARD

PO BOX 572
LAKE ANDES,SD57356 		N/A PC GENERAL OPERATING SUPPORT 75,000

NATIVE AMERICAN DEVELOPMENT CENTER

2403 EAST THAYER AVENUE
BISMARCK,ND58501 		N/A PC GENERAL OPERATING SUPPORT 150,000

NATIVE AMERICAN YOUTH AND FAMILY CENTER

5135 NE COLUMBIA BOULEVARD
PORTLAND,OR97218 		N/A PC GENERAL OPERATING SUPPORT 700,000

NATIVE AMERICAN YOUTH AND FAMILY CENTER

5135 NE COLUMBIA BOULEVARD
PORTLAND,OR97218 		N/A PC 2024 BOARD DIRECTED GRANT 1,000

NATIVE AMERICANS IN PHILANTHROPY

1140 3RD STREET NE 2ND FLOOR
WASHINGTON,DC20002 		N/A PC SPONSORSHIP 10,000

NATIVE AMERICANS IN PHILANTHROPY

1140 3RD STREET NE 2ND FLOOR
WASHINGTON,DC20002 		N/A PC 2024 MEMBERSHIP DUES 10,000

NATIVE CDFI NETWORK INC

122 C STREET NW
WASHINGTON DC,DC20001 		N/A PC GENERAL OPERATING SUPPORT 200,000

NATIVE360 LOAN FUND INC

2550 NORTH DIERS AVENUE SUITE K
GRAND ISLAND,NE68803 		N/A PC GENERAL OPERATING SUPPORT 150,000

NDN COLLECTIVE INC

408 KNOLLWOOD DRIVE
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT 50,000

NEIGHBORHOOD DEVELOPMENT CENTER INC

663 UNIVERSITY AVENUE WEST SUITE
200
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 100,000

NEIGHBORHOOD FUNDERS GROUP

436 14TH STREET SUITE 425
OAKLAND,CA94610 		N/A PC 2024 MEMBERSHIP DUES 13,000

NETWORK FOR DEVELOPING CONSCIOUS COMMUNITIES

28 46TH PLACE NE
WASHINGTON,DC20019 		N/A PC SPONSORSHIP 5,000

NEXUS COMMUNITY PARTNERS

2314 UNIVERSITY AVENUE WEST SUITE
18
ST PAUL,MN55114 		N/A PC GENERAL OPERATING SUPPORT FOR CAPACITY BUILDING 500,000

NIMIIPUU COMMUNITY DEVELOPMENT FUND

PO BOX 114 95 AGENCY ROAD
LAPWAI,ID83540 		N/A PC GENERAL OPERATING SUPPORT 200,000

NIMIIPUU ECOSYSTEMS RESTORATION

PO BOX 235 24240 SOUTH TOM BEALL
ROAD
LAPWAI,ID83540 		N/A PC 2024 EMPLOYEE DISCRETIONARY GRANT 6,000

NIMIIPUU PROTECTING THE ENVIRONMENT

1820 NW ARCADIA DRIVE
PULLMAN,WA99163 		N/A PC GENERAL OPERATING SUPPORT 100,000

NIXYAAWII COMMUNITY FINANCIAL SERVICES

46440 KUSI ROAD A-3
PENDLETON,OR97801 		N/A PC GENERAL OPERATING SUPPORT 150,000

NONPROFIT INFORMATION NETWORKING ASSOCIATION

88 BROAD STREET 1ST FLOOR SUITE 101
BOSTON,MA02110 		N/A PC NONPROFIT QUARTERLY ECONOMIC JUSTICE INITIATIVE 75,000

NORTH AMERICAN TRADITIONAL INDIGENOUS FOOD SYSTEMS

920 EAST LAKE STREET 107
MINNEAPOLIS,MN55407 		N/A PC GENERAL OPERATING SUPPORT 250,000

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK

1007 WEST BROADWAY AVENUE NORTH
MINNEAPOLIS,MN55411 		N/A PC NORTHSIDE ECONOMIC OPPORTUNITY NETWORK GENERAL OPERATIONS 250,000

NWAF EMPLOYEE MATCHING GRANT PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC GENERAL OPERATING SUPPORT 10,204

NWAF EMPLOYEE VOLUNTEER MATCHING PROGRAM

60 PLATO BOULEVARD EAST SUITE 400
ST PAUL,MN55107 		N/A PC GENERAL OPERATING SUPPORT 1,750

OCETI SAKOWIN COMMUNITY ACADEMY

408 KNOLLWOOD DRIVE
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT 125,000

OFFICE OF THE ASSISTANT SECRETARY - INDIAN AFFAIRS

INDIAN AFFAIRS US DEPARTMENT OF THE
INTERIOR 1849 C STREET NW MS-4660
WASHINGTON,DC20240 		N/A GOV FEDERAL INDIAN BOARDING SCHOOL INITIATIVE. 500,000

OPPORTUNITY LINK

339 3RD STREET PO BOX 80
HAVRE,MT59501 		N/A PC MOBILIZING COMMUNITIES ASSETS FOR GROWTH AND CHANGE 200,000

OREGON NATIVE AMERICAN CHAMBER

4445 SW BARBUR BOULEVARD SUITE 105
PORTLAND,OR97239 		N/A PC GENERAL OPERATING SUPPORT 125,000

OUR CHILDREN'S EARTH FOUNDATION

1625 TRANCAS STREET SUITE 2218
NAPA,CA94558 		N/A PC DOCUMENTARY FILM REGARDING THE EFFORT TO GAIN FREEDOM FOR LEONARD PELTIER 100,000

OWEESTA CORPORATION

2432 MAIN STREET 1ST FLOOR
LONGMONT,CO80501 		N/A PC EMPOWERING NATIVE ECONOMIC GROWTH: GENERAL OPERATING SUPPORT FOR CDFI ADVANCEMENT 400,000

PEAK GRANTMAKING INC

1701 PENNSYLVANIA AVENUE NW SUITE
200
WASHINGTON,DC20006 		N/A PC 2024 MEMBERSHIP DUES 2,250

PHILANTHROFUND FOUNDATION

PO BOX 3640
MINNEAPOLIS,MN55403 		N/A PC REVITALIZATION CAMPAIGN 10,000

PHILANTHROPY NORTHWEST

600 UNIVERSITY STREET SUITE 1725
SEATTLE,WA98101 		N/A PC GENERAL OPERATING SUPPORT 250,000

PHILANTHROPY NORTHWEST

600 UNIVERSITY STREET SUITE 1725
SEATTLE,WA98101 		N/A PC 2024 MEMBERSHIP DUES 24,905

PLENTY DOORS COMMUNITY DEVELOPMENT CORPORATION

22 EAST MAKAWASHA AVENUE
CROW AGENCY,MT59022 		N/A PC GENERAL OPERATING SUPPORT 150,000

PUGET SOUND SAGE

414 MAYNARD AVENUE SOUTH
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT 125,000

RUNNING STRONG FOR AMERICAN INDIAN YOUTH

8301 RICHMOND HIGHWAY STE 200
ALEXANDRIA,VA22309 		N/A PC SACRED WATER BUNDLE (MINIZIPAN WAKAN) INFRASTRUCTURE BUILDING FOR A TRIBAL TEMPLATE FOR CO-STEWARDSHIP ON THE MISSOURI RIVER 125,000

RURAL ORGANIZING PROJECT

PO BOX 664
COTTAGE GROVE,OR97424 		N/A PC GENERAL OPERATING SUPPORT 100,000

SAGE FOUNDATION INC

PO BOX 298
FORT YATES,ND58538 		N/A PC GENERAL OPERATING SUPPORT 300,000

SAMOA PACIFIC DEVELOPMENT CORPORATION

7820 NE HOLMAN STREET SUITE B-1
PORTLAND,OR97218 		N/A PC BUILDING A MOVEMENT FOR PACIFIC ISLANDER SELF DETERMINATION IN OREGON 125,000

SEEDING JUSTICE

PO BOX 12489
PORTLAND,OR97212 		N/A PC SEEDING JUSTICE'S COMMUNITY-LED, COMMUNITY-DRIVEN GRANTMAKING: BY AND FOR THE MOVEMENT 250,000

SHARING OUR ROOTS

4905 315TH STREET WEST
NORTHFIELD,MN55057 		N/A PC NURTURING THE LONG-VIEW OF LAND ACCESS & EMERGING FARMER SUPPORT 50,000

SOCIAL JUSTICE FUND NORTHWEST

1904 3RD AVENUE SUITE 806
SEATTLE,WA98101 		N/A PC ABUNDANTLY RESOURCING BIPOC & GRASSROOTS ORGANIZING 450,000

SOUTH DAKOTA VOICES FOR PEACE

PO BOX 600
SIOUX FALLS,SD57101 		N/A PC GENERAL OPERATING SUPPORT 75,000

SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS

133 EAST DE LA GUERRA SUITE 306
SANTA BARBARA,CA93101 		N/A PC 2024 MEMBERSHIP DUES 2,500

TAALA FUND

PO BOX 702
TAHOLAH,WA98587 		N/A PC GENERAL OPERATING SUPPORT 150,000

THE DIRECTORS COUNCIL

PO BOX 264
DES MOINES,IA50301 		N/A PC GENERAL OPERATING SUPPORT 500,000

THE INDIGENOUS ASSOCIATION

720 1ST AVENUE NORTH
FARGO,ND58102 		N/A PC GENERAL OPERATING SUPPORT 50,000

THE PRAXIS PROJECT

PO BOX 7259
OAKLAND,CA94601 		N/A PC PEOPLE'S ECONOMY LAB 138,000

THE SAINT PAUL AND MINNESOTA FOUNDATION

101 FIFTH STREET EAST SUITE 2400
ST PAUL,MN55101 		N/A PC COLLEGEBOUND SAINT PAUL: WEALTH JUSTICE 100,000

THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION

290 EMPOWERMENT DRIVE
PORCUPINE,SD57772 		N/A PC GENERAL OPERATING SUPPORT 500,000

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA900889389 		N/A PC TRANS JUSTICE FUNDING PROJECT- JUSTICE FOR TRANS COMMUNITIES IN THE NORTHWEST 250,000

TRANSFORMATION PROJECT INC

401 EAST 8TH STREET
SIOUX FALLS,SD57103 		N/A PC THE INCLUSIVE CARE COLLABORATIVE: ADVANCING QUEER AFFIRMING HEALTH IN SOUTH DAKOTA 50,000

UJAMAA PLACE

1821 UNIVERSITY AVENUE SUITE N187
ST PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT 200,000

UNION GOSPEL MISSION ASSOCIATION OF ST PAUL

376 WESTERN AVENUE NORTH
ST PAUL,MN55103 		N/A PC 2024 VICE PRESIDENT GRANT 5,000

UNITE OREGON

1390 SE 122ND AVENUE
PORTLAND,OR97233 		N/A PC GENERAL OPERATING SUPPORT 125,000

VENN FOUNDATION

1900 BOHLAND AVENUE
ST PAUL,MN55116 		N/A PC 2024 VICE PRESIDENT DISCRETIONARY GRANT 3,000

VENTURES

2100 24TH AVENUE SOUTH SUITE 380
SEATTLE,WA98144 		N/A PC GENERAL OPERATING SUPPORT 200,000

VERDE

4145 NE CULLY BOULEVARD
PORTLAND,OR97218 		N/A PC GENERAL OPERATING SUPPORT 250,000

WARM SPRINGS COMMUNITY ACTION TEAM

PO BOX 1419
WARM SPRINGS,OR97761 		N/A PC GENERAL OPERATING SUPPORT 100,000

WE ARE HEALERS INC

5119 NE 27TH AVENUE
PORTLAND,OR97211 		N/A PC INSPIRATION THROUGH INDIGENOUS EXCELLENCE 50,000

WESTERN NATIVE VOICE

80 25TH STREET WEST
BILLINGS,MT59102 		N/A PC GENERAL OPERATING SUPPORT 100,000

WHITE EARTH INVESTMENT INITIATIVE

407 MAIN STREET EAST PO BOX 38
OGEMA,MN565690038 		N/A PC GENERAL OPERATING SUPPORT 150,000

WHITESWAN ENVIRONMENTAL WE

2348 LUMMI VIEW DRIVE
BELLINGHAM,WA98226 		N/A PC GENERAL OPERATING SUPPORT 75,000

WILLAMETTE VALLEY LAW PROJECT

300 YOUNG STREET
WOODBURN,OR97071 		N/A PC SYSTEMS CHANGE FOR FARMWORKERS 125,000

WORKING PARTNERSHIPS INCORPORATED

312 CENTRAL AVENUE SE SUITE 524
MINNEAPOLIS,MN55414 		N/A PC WORKERS CONFLUENCE FUND FLEXIBLE PROGRAM SUPPORT 450,000

YOUNG WOMENS CHRISTIAN ASSOCIATION

375 SELBY AVENUE
ST PAUL,MN551021822 		N/A PC 2024 VICE PRESIDENT GRANT 1,000

YWCA USA

1400 EYE STREET NW SUITE 325
WASHINGTON,DC20005 		N/A PC 2024 VICE PRESIDENT DISCRETIONARY GRANT 10,000
Total .................................right arrow 3a 18,241,029
bApproved for future payment

AFRICAN AMERICAN LEADERSHIP FORUM
1625 HENNEPIN AVENUE SUITE 200
MINNEAPOLIS,MN55402 		N/A PC GENERAL OPERATING SUPPORT FOR THE BLACK AGENDA FOR CHANGE 125,000

AFRICAN CAREER EDUCATION & RESOURCES
6901 78TH AVENUE NORTH
MINNEAPOLIS,MN55445 		N/A PC GENERAL OPERATING SUPPORT FOR ACER ADVANCING COMMUNITY-CENTERED ECONOMIC INCLUSION 125,000

AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
1821 UNIVERSITY AVENUE WEST SUITE
S-145
SAINT PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT FOR SUSTAINING AFRICAN IMMIGRANT-OWNED SMALL AND MINORITY-OWNED BUSINESSES 125,000

BYRD BARR PLACE
722 18TH AVENUE
SEATTLE,WA98122 		N/A PC GENERAL OPERATING SUPPORT FOR BUILDING THE CAPACITY OF BYRD BARR PLACE 250,000

CHIEF SEATTLE CLUB
410 2ND AVENUE EXTENSION SOUTH
SEATTLE,WA98104 		N/A PC INDIGENOUS MODEL OF TRADITIONAL WELLNESS FOR HOMELESS AMERICAN INDIANS/ALASKA NATIVES IN SEATTLE/KING COUNTY 270,000

COALITION OF COMMUNITIES OF COLOR
221 NW 2ND AVENUE SUITE 303
PORTLAND,OR97209 		N/A PC PROPOSAL TITLE: GENERAL OPERATING GRANT - COALITION OF COMMUNITIES OF COLOR 125,000

COMMUNITY LENDINGWORKS
212 MAIN STREET
SPRINGFIELD,OR97477 		N/A SO I GENERAL OPERATING SUPPORT FOR EQUITABLE SMALL BUSINESS LENDING IN OREGON 125,000

COMUNIDADES ORGANIZANDO EL PODER Y LA ACCION LATINA COPAL EDUCATION
3702 EAST LAKE STREET
MINNEAPOLIS,MN55406 		N/A PC GENERAL OPERATING SUPPORT FOR INCREASING ACCESS TO OPPORTUNITIES FOR MINNESOTA LATINE WORKERS AND FAMILIES 125,000

COUP COUNCIL
PO BOX 1966
RAPID CITY,SD57709 		N/A PC COUNTING COUP: COUP STANDS FOR COMMUNITY ORGANIZING FOR UNIFIED POWER 75,000

CRAFT3
409 MAYNARD AVENUE SOUTH SUITE 200
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT FOR INCREASING EQUITABLE FINANCING FOR PACIFIC NORTHWEST INDIAN COUNTRY AND ENTREPRENEURS OF COLOR 250,000

IMAGINE BLACK FUTURES
9450 SW GEMINI DRIVE PMB 26684
BEAVERTON,OR97008 		N/A PC GENERAL OPERATING SUPPORT FOR BUILDING A BETTER FUTURE FOR BLACK OREGONIANS 125,000

IMMIGRANT DEVELOPMENT CENTER
810 4TH AVENUE SOUTH SUITE 100
MOORHEAD,MN56560 		N/A PC GENERAL OPERATING SUPPORT FOR EMPOWERING IMMIGRANT ENTREPRENEURS: SUSTAINING AND EXPANDING IDC'S INTEGRATED APPROACH TO ECONOMIC INCLUSION AND COMMUNITY PROSPERITY. 125,000

INTERFAITH ACTION OF GREATER SAINT PAUL
1041 GRAND AVENUE 312
SAINT PAUL,MN55105 		N/A PC ECONOMIC MOBILITY HUB FOR AMERICAN INDIANS 80,000

LEECH LAKE FINANCIAL SERVICES
PO BOX 848 113 SPRUCE AVENUE NORTH
CASS LAKE,MN56633 		N/A PC GENERAL OPERATING SUPPORT FOR LEECH LAKE FINANCIAL SERVICES, BUILDING CAPACITY TO MEET THE LEECH LAKE RESERVATION COMMUNITY DEMANDS FOR THE CREATION OF A HEALTHY ECONOMY 125,000

LOCAL INITIATIVES SUPPORT CORPORATION
202 WEST SUPERIOR STREET SUITE 301
DULUTH,MN55802 		N/A PC ENHANCING AN ECOLOGICAL APPROACH TO BIPOC WEALTH, ENTREPRENEURSHIP, AND ECONOMIC SUSTAINABILITY IN DULUTH, MINNESOTA 125,000

MNI WICONI HEALTH CIRCLE
3904 LILLIAN COURT SE
MANDAN,ND58554 		N/A PC GENERAL OPERATING SUPPORT FOR WICHAKIGNA NA WOKIGNA IGLUHA (BIRTH AND END-OF-LIFE SOVEREIGNTY): HEALING OUR COMMUNITIES BY UPLIFTING TRADITIONAL BIRTHING, POSTPARTUM, AND POST-LOSS CEREMONIES AND BEYOND 100,000

NATIVE AMERICAN DEVELOPMENT CENTER
2403 EAST THAYER AVENUE
BISMARCK,ND58501 		N/A PC GENERAL OPERATING SUPPORT FOR NATIVE AMERICAN EQUITY PROJECT IN NORTH DAKOTA 100,000

NATIVE360 LOAN FUND INC
2550 NORTH DIERS AVENUE SUITE K
GRAND ISLAND,NE68803 		N/A PC GENERAL OPERATING SUPPORT FOR GROWING NATIVE ECONOMIES IN A POST COVID-19 WORLD 100,000

NEXUS COMMUNITY PARTNERS
2314 UNIVERSITY AVENUE WEST SUITE
18
SAINT PAUL,MN55114 		N/A PC GENERAL OPERATING SUPPORT FOR CAPACITY BUILDING 200,000

NIMIIPUU COMMUNITY DEVELOPMENT FUND
PO BOX 114 95 AGENCY ROAD
LAPWAI,ID83540 		N/A PC GENERAL OPERATING SUPPORT FOR NIMIIPUU CDF NEW PROGRAM AND INFRASTRUCTURE DEVELOPMENT 200,000

NIMIIPUU PROTECTING THE ENVIRONMENT
1820 NW ARCADIA DRIVE
PULLMAN,WA99163 		N/A PC GENERAL OPERATING SUPPORT FOR DEVELOPING LEADERS THROUGH CULTURE AND INCLUSION 100,000

NIXYAWII COMMUNITY FINANCIAL SERVICES
46440 KUSI ROAD A-3
PENDLETON,OR97801 		N/A PC GENERAL OPERATING SUPPORT 150,000

NONPROFIT INFORMATION NETWORKING ASSOCIATION
88 BROAD STREET 1ST FLOOR SUITE 101
BOSTON,MA02110 		N/A PC NONPROFIT QUARTERLY ECONOMIC JUSTICE INITIATIVE 75,000

NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
1007 WEST BROADWAY AVENUE NORTH
MINNEAPOLIS,MN55411 		N/A PC NORTHSIDE ECONOMIC OPPORTUNITY NETWORK GENERAL OPERATIONS 250,000

OCETI SAKOWIN COMMUNITY ACADEMY
408 KNOLLWOOD DRIVE
RAPID CITY,SD57701 		N/A PC GENERAL OPERATING SUPPORT FOR CREATING INTEGRATIVE PATHWAYS FOR INDIGENOUS EDUCATION IN RAPID CITY 125,000

OPPORTUNITY LINK
339 3RD STREET PO BOX 80
HAVRE,MT59501 		N/A PC MOBILIZING COMMUNITIES ASSETS FOR GROWTH AND CHANGE 200,000

OREGON NATIVE AMERICAN CHAMBER
4445 SW BARBUR BOULEVARD SUITE 105
PORTLAND,OR97239 		N/A PC GENERAL OPERATING SUPPORT FOR TRANSFORMING ECONOMIES AND COMMUNITIES FOR NATIVE AMERICANS THROUGHOUT THE PACIFIC NORTHWEST 125,000

OWEESTA CORPORATION
2432 MAIN STREET 1ST FLOOR
LONGMONT,CO80501 		N/A PC EMPOWERING NATIVE ECONOMIC GROWTH: GENERAL OPERATING SUPPORT FOR CDFI ADVANCEMENT 100,000

PUGET SOUND SAGE
414 MAYNARD AVENUE SOUTH
SEATTLE,WA98104 		N/A PC GENERAL OPERATING SUPPORT FOR COMMUNITY STEWARDSHIP OF LAND IN SEATTLE'S CHINATOWN- INTERNATIONAL DISTRICT 125,000

RURAL ORGANIZING PROJECT
PO BOX 664
COTTAGE GROVE,OR97424 		N/A PC GENERAL OPERATING SUPPORT 100,000

SAGE FOUNDATION INC
PO BOX 298
FORT YATES,ND58538 		N/A PC GENERAL OPERATING SUPPORT 200,000

SOCIAL JUSTICE FUND NORTHWEST
1904 3RD AVENUE SUITE 806
SEATTLE,WA98101 		N/A PC ABUNDANTLY RESOURCING BIPOC & GRASSROOTS ORGANIZING 150,000

SOUTH DAKOTA VOICES FOR PEACE
PO BOX 600
SIOUX FALLS,SD57101 		N/A PC GENERAL SUPPORT FOR SOUTH DAKOTA VOICES FOR PEACE (SDVFP) 75,000

THE DIRECTORS COUNCIL
PO BOX 264
DES MOINES,IA50301 		N/A PC GENERAL OPERATING SUPPORT FOR ONE ECONOMY 2.0 IN ACTION 200,000

THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION
290 EMPOWERMENT DRIVE
PORCUPINE,SD57772 		N/A PC GENERAL OPERATING SUPPORT FOR RESTORING BALANCE AND CARRYING FORWARD OUR RESPONSIBILITY AS STEWARDS OF THE HORIZON 200,000

UJAMAA PLACE
1821 UNIVERSITY AVENUE SUITE N187
SAINT PAUL,MN55104 		N/A PC GENERAL OPERATING SUPPORT FOR UJAMAA PLACE THEORY OF TRANSFORMATION 200,000

UNITE OREGON
1390 SE 122ND AVENUE
PORTLAND,OR97233 		N/A PC GENERAL OPERATING SUPPORT - BUILDING OUR FUTURE 125,000

WHITE EARTH INVESTMENT INITIATIVE
407 MAIN STREET EAST PO BOX 38
OGEMA,MN565690038 		N/A PC GENERAL OPERATING SUPPORT FOR 2024-2026 WEII NATIVE CDFI LENDING AND RELATED SUPPORT 100,000
Total ................................. right arrow 3b 5,475,000
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
aPRI INTEREST         16,472
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 10,793,573  
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 29,740,471  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS INCOME 		    01 31  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 40,534,075 16,472
13Total. Add line 12, columns (b), (d), and (e)..................
13
40,550,547
(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.)
1 PROGRAM-RELATED INVESTMENTS CONSIST OF DEBT AND EQUITY POSITIONS IN ORGANIZATIONS THAT CONDUCT ACTIVITIES THAT FULFILL THE CHARITABLE PURPOSES OF THE FOUNDATION.
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.
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with the preparer shown below?
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Form 990-PF (2024)
Additional Data


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Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 107,743 41,948   65,795

TY 2024 AllOthProgRltdInvestmentsSch
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount
NACDC FINANCIAL SERVICES, INC. - ACCESS TO FINANCING FOR MONTANA NATIVE AMERICANS FOR HOMEOWNERSHIP 1,000,000
MCCD OPPORTUNITY FUND - ACCESS TO FINANCING FOR COMMUNITY DEVELOPMENT PROJECTS ACROSS MINNESOTA 600,000
FOUR BANDS COMMUNITY FUND INC. - ACCESS TO FINANCING FOR NATIVE AMERICANS 500,000

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TY 2024 GainLossSaleOtherAssetsSch
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
CAPITAL GAIN DIFFERENCE BETWEEN COLUMNS (A) AND (B) 2024-01 PURCHASED 2024-12       COST 0 10,487,462  

TY 2024 InvestmentsCorpBondsSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Name of Bond End of Year Book Value End of Year Fair Market Value
FIDELITY INTERMEDIATE TREAS BOND INDEX 19,615,109 19,615,109

TY 2024 InvestmentsCorpStockSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Name of Stock End of Year Book Value End of Year Fair Market Value
#REORG/LOGILITY MERGER 04-04-2025 89,859 89,859
1ST SOURCE CORP COM 116,760 116,760
5TH 3RD BANCORP 64,266 64,266
ABBOTT LAB 103,383 103,383
ABBVIE INC COM USD0.01 52,955 52,955
ACACIA RESH CORP COM 77,816 77,816
ACADEMY SPORTS & OUTDOORS INC COM 34,518 34,518
ACCENTURE PLC CLS A 194,540 194,540
ADOBE INC 139,630 139,630
ADTRAN HLDGS INC FORMERLY ACORN COM 103,292 103,292
ADVANCED MICRO DEVICES INC 118,616 118,616
AERSALE CORP 50,400 50,400
AGILENT TECHNOLOGIES INC 24,181 24,181
AIR PROD & CHEM INC 79,761 79,761
ALEXANDERS INC COM REIT FUND 100,030 100,030
ALPHA METALLURGICAL RES INC COM 80,048 80,048
ALPHABET INC CL C 499,524 499,524
ALPHABET INC CL A 757,579 757,579
AMAZON COM INC 1,138,634 1,138,634
AMC NETWORKS INC CL A 9,900 9,900
AMC NETWORKS INC CL A 109,395 109,395
AMERICAN EXPRESS CO 280,467 280,467
AMERICAN TOWER CORP 70,063 70,063
AMGEN INC 15,899 15,899
ANDERSONS INC COM 28,364 28,364
AON PLC 60,339 60,339
APPLE INC 2,301,109 2,301,109
APPLIED MATERIALS INC COM 200,685 200,685
APTIV PLC 29,151 29,151
ARISTA NETWORKS INC COM NEW 52,170 52,170
ASPEN AEROGELS INC 86,130 86,130
ATKORE INC 83,450 83,450
ATLANTICUS HLDGS CORP COM 5,578 5,578
AUTODESK INC 41,380 41,380
AUTOMATIC DATA PROCESSING INC 192,616 192,616
AUTOZONE INC 44,828 44,828
AVALONBAY CMNTYS REIT 302,459 302,459
AVERY DENNISON CORP 24,701 24,701
BAKER HUGHES CO 85,650 85,650
BALL CORP 76,465 76,465
BANCFIRST CORP COM 70,308 70,308
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA 81,811 81,811
BANK NEW YORK MELLON CORP COM STK 251,157 251,157
BANK NT BUTTERFIELD COM BMD1(POST REV SPLIT) 127,925 127,925
BANK OF AMERICA CORP 101,129 101,129
BANNER CORP COM NEW 20,031 20,031
BAXTER INTL INC 43,332 43,332
BEAZER HOMES USA INC COM NEW 10,984 10,984
BERKSHIRE HATHAWAY INC CL B 404,326 404,326
BEST BUY INC 30,202 30,202
BEYOND INC 21,199 21,199
BIOGEN INC 30,125 30,125
BLACKROCK INC 8,201 8,201
BLEND LABS INC CL A CL A 101,882 101,882
BLUELINX HLDGS INC COM NEW 112,376 112,376
BOOKING HLDGS INC 104,337 104,337
BORG WARNER INC 37,258 37,258
BOSTON SCIENTIFIC CORP 53,592 53,592
BREAD FINANCIAL HOLDINGS INC COM 79,378 79,378
BRIGHTVIEW HLDGS INC COM 147,908 147,908
BRISTOL MYERS SQUIBB CO 29,298 29,298
BRISTOW GROUP INC DEL NEW COM 77,175 77,175
BROADCOM INC 639,647 639,647
BUCKLE INC COM 132,106 132,106
CADENCE DESIGN SYS INC 75,415 75,415
CALAVO GROWERS INC 75,990 75,990
CANTALOUPE INC 95,480 95,480
CARDINAL HLTH INC 89,294 89,294
CAREDX INC COM 94,204 94,204
CARMAX INC 24,364 24,364
CARRIER GLOBAL CORP 35,837 35,837
CATHAY GENERAL BANCORP INC COM 123,786 123,786
CBRE GROUP INC CL A 123,281 123,281
CDW CORP 54,300 54,300
CENCORA INC 39,768 39,768
CENT GARDEN & PET CO CL A 29,745 29,745
CENTENE CORP DEL COM 41,558 41,558
CERENCE INC COM 101,108 101,108
CHIPOTLE MEXICAN GRILL INC 33,165 33,165
CISCO SYSTEMS INC 305,946 305,946
CITIGROUP INC COM NEW 51,596 51,596
CME GROUP INC 28,332 28,332
CONDUENT INC COM 94,940 94,940
CONNECTONE BANCORP INC NEW COM 9,164 9,164
CONOCOPHILLIPS 23,404 23,404
CONS EDISON INC 54,966 54,966
CONSENSUS CLOUD SOLUTIONS INC COM 83,510 83,510
CONSTELLATION ENERGY CORPORATION COM NPV WI 29,082 29,082
COSTAMARE INC COM STK 114,365 114,365
CROWN CASTLE INC 22,055 22,055
CUSTOM TRUCK ONE SOURCE INC COM CL A 97,643 97,643
CVS HEALTH CORP 61,724 61,724
DANAHER CORP 131,762 131,762
DECKERS OUTDOOR CORP COM 47,117 47,117
DEERE & CO 70,334 70,334
DENNYS CORP COM 48,763 48,763
DIGITAL RLTY TR INC 38,658 38,658
DIGITAL TURBINE INC COM NEW 92,950 92,950
DOLLAR TREE INC 16,037 16,037
DOW INC COM 95,228 95,228
DREAM FINDERS HOMES INC COM CL A 95,407 95,407
DXP ENTERPRISES INC COM NEW STK 8,262 8,262
EATON CORP PLC 236,291 236,291
EBAY INC 167,265 167,265
ECOVYST INC COM 66,315 66,315
EL POLLO LOCO HLDGS INC COM 100,167 100,167
ELECTR ARTS 119,673 119,673
ELEVANCE HEALTH INC 115,466 115,466
ELI LILLY & CO 326,556 326,556
EMBECTA CORPORATION COM 14,455 14,455
EMERGENT BIOSOLUTIONS INC COM 282,976 282,976
ENACT HLDGS INC COM 113,330 113,330
ENNIS INC COM 16,872 16,872
ENTERPRISE FINL SVCS CORP COM STK 124,080 124,080
ESSEX PPTY TR REIT 29,400 29,400
ETHAN ALLEN INTERIORS INC COM 19,677 19,677
EVEREST GROUP LTD 32,984 32,984
EVERSOURCE ENERGY 202,613 202,613
EXXON MOBIL CORP 22,375 22,375
F&G ANNUITIES & LIFE INC COM 8,288 8,288
FARMLAND PARTNERS INC 81,262 81,262
FARO TECHNOLOGIES INC 131,365 131,365
FEDERAL AGRIC MTG CORP CL C 59,085 59,085
FERROGLOBE PLC COM NPV 29,925 29,925
FIDELITY NATL INFORMATION SVCS INC COM STK 44,585 44,585
FIRST BUSEY CORP COM NEW 40,069 40,069
FIRST FINL BANCORP OHIO COM 120,960 120,960
FIRST MERCHANTS CORP COM 119,670 119,670
FIRST SOLAR INC 23,616 23,616
FLEX LNG LTD 71,114 71,114
FORD MTR CO DEL 17,840 17,840
FORESTAR GROUP INC COM 114,048 114,048
FOX CORP CL A 33,326 33,326
FOX CORP CL B 33,710 33,710
FUT MAR 25 10 YR T-NOTES 1,087,500 1,087,500
FUT MAR 25 CBT 5Y T-NOTE 637,828 637,828
FUT MAR 25 CME EMINIRUS2K 674,940 674,940
FUT MAR 25 EMINI S&P 500 5,638,963 5,638,963
FUT MAR 25 ICUS MSCI EAF 2,494,250 2,494,250
FUT MAR 25 ICUS MSCI EMG 1,127,490 1,127,490
FUT MAR 25 ME S&P CAN 60 206,522 206,522
FUT MAR 25 U.S. T-BONDS 569,219 569,219
FUT MAR 25 US 2YR T-NOTE 205,609 205,609
GENESCO INC COM 145,350 145,350
GENWORTH FINL INC COMMON STOCK 76,890 76,890
GILEAD SCIENCES INC 117,033 117,033
GLOBAL INDL CO COM 57,017 57,017
GOLDEN OCEAN GROUP LTD COM (POST REV SPLIT) 94,080 94,080
GRAINGER W W INC 18,973 18,973
GRANITE RIDGE RES INC COM 27,778 27,778
GREEN BRICK PARTNERS INC COM 45,192 45,192
GREEN PLAINS INC COM STK 68,256 68,256
GREIF INC. 116,128 116,128
HARMONY BIOSCIENCES HLDGS INC COM 61,938 61,938
HASBRO INC 95,271 95,271
HEALTHPEAK OP LLC 8,189 8,189
HEARTLAND EXPRESS INC COM 93,350 93,350
HENRY SCHEIN INC 21,452 21,452
HEWLETT PACKARD ENTERPRISE CO 110,807 110,807
HIGHPEAK ENERGY INC COM 124,950 124,950
HILTON WORLDWIDE HLDGS INC 121,108 121,108
HOLOGIC INC 19,608 19,608
HOME DEPOT INC 296,410 296,410
HOVNANIAN ENTERPRISES INC 26,764 26,764
HP INC 118,153 118,153
HUMANA INC COM 23,088 23,088
HUNTINGTON BANCSHARES INC 110,424 110,424
IBEX HOLDINGS LIMITED COM 8,596 8,596
IDEXX LABS INC 22,739 22,739
INGERSOLL RAND INC 192,137 192,137
INGLES MKTS INC CL A 115,992 115,992
INNOVIVA INC COM 107,570 107,570
INTEL CORP 50,686 50,686
INTERNATIONAL BANCSHARES CORP COM 113,688 113,688
INTERNATIONAL BUSINESS MACHS CORP 248,408 248,408
INTERNATIONAL MONEY EXPRESS INC COM 109,566 109,566
INTERNATIONAL SEAWAYS INC 39,534 39,534
INTERPUBLIC GROUP COMPANIES INC 30,234 30,234
INTUIT 32,054 32,054
INTUITIVE SURGICAL INC 113,787 113,787
IRON MTN INC 39,416 39,416
JABIL INC COM 8,490 8,490
JACKSON FINANCIAL INC CL A COM 104,496 104,496
JOB DIG 400,561 400,561
JOHNSON & JOHNSON 154,599 154,599
JOHNSON CTLS INTL PLC 71,668 71,668
JPMORGAN CHASE & CO 180,502 180,502
KEYSIGHT TECHNOLOGIES INC 142,639 142,639
KINDER MORGAN INC 299,866 299,866
KLA CORPORATION 29,616 29,616
KOPPERS HLDGS INC COM 12,960 12,960
L3HARRIS TECHNOLOGIES INC 126,168 126,168
LADDER CAP CORP CL A 15,666 15,666
LAM RESH CORP 82,342 82,342
LEIDOS HLDGS INC 44,803 44,803
LENDINGCLUB CORP COM NEW 108,797 108,797
LESLIES INC COM 70,089 70,089
LIMONEIRA CO 157,033 157,033
LINDE PLC 244,503 244,503
LIQUIDITY SVCS INC COM STK 92,834 92,834
LOVESAC CO COM 92,274 92,274
LOWES COS INC 94,771 94,771
LTC PPTYS INC COM 27,640 27,640
LULULEMON ATHLETICA INC 125,430 125,430
MASTERCARD INC CL A 372,285 372,285
MATADOR RES 166,530 166,530
MC DONALDS CORP 142,916 142,916
MCKESSON CORP 34,195 34,195
MEDTRONIC PLC 33,310 33,310
MERCHANTS BANCORP IND COM 120,351 120,351
MERCK & CO INC 202,740 202,740
META PLATFORMS INC 675,679 675,679
METLIFE INC 95,145 95,145
METTLER-TOLEDO INTL INC 4,895 4,895
MFO BAILLIE GIFFORD ALPHA EQUITY FD CL 2 31,965,007 31,965,007
MFO FIDELITY SALEM STREET TRUST SPARTAN SMALL CAP INDEX FD 8,621,579 8,621,579
MFO FIDELITY 500 INDEX-INST PREM 26,229,702 26,229,702
MICRON TECH INC 57,060 57,060
MICROSOFT CORP 2,182,949 2,182,949
MOLSON COORS BEVERAGE CO 6,936 6,936
MONDELEZ INTL INC 17,202 17,202
MOODYS CORP 128,283 128,283
MOTOROLA SOLUTIONS INC 77,192 77,192
MOVADO GROUP INC COM 70,848 70,848
MSCI INC 27,000 27,000
NASDAQ INC 290,763 290,763
NATIONAL BEVERAGE CORP COM 110,942 110,942
NATIONAL CINEMEDIA INC COM NEW (POST REV SPLIT) 116,864 116,864
NELNET INC CL A 117,491 117,491
NET LEASE OFFICE PPTYS COM 116,101 116,101
NETFLIX INC 284,331 284,331
NEWMONT CORPORATION 19,875 19,875
NEWS CORP CL A 32,112 32,112
NEWS CORP CL B 160,792 160,792
NEXTERA ENERGY INC 59,574 59,574
NIKE INC CL B 79,908 79,908
NMI HOLDINGS INC COMMON STOCK 121,308 121,308
NORTHERN OIL & GAS INC COM NEW 11,148 11,148
NORTHROP GRUMMAN CORP 22,995 22,995
NPK INTERNATIONAL INC 193,361 193,361
NVIDIA CORP 2,091,970 2,091,970
O REILLY AUTOMOTIVE INC 45,060 45,060
OFG BANCORP COM 25,392 25,392
ONEOK INC 4,819 4,819
ORACLE CORP 195,135 195,135
OTIS WORLDWIDE CORP 25,468 25,468
OTTER TAIL CORP 14,768 14,768
PALO ALTO NETWORKS INC 77,515 77,515
PARAMOUNT GLOBAL OM 7,489 7,489
PATRIA INVESTMENTS LTD COM CL A 8,141 8,141
PAYPAL HLDGS INC 165,238 165,238
PBF ENERGY INC CL A 55,755 55,755
PC CONNECTION INC COM 117,759 117,759
PEABODY ENERGY CORP NEW 117,264 117,264
PEPSICO INC 201,175 201,175
PERDOCEO ED CORP COM 63,528 63,528
PFIZER INC 169,712 169,712
PHILIP MORRIS INTL 185,219 185,219
PHOTRONICS INC COM 21,204 21,204
PNC FINANCIAL SERVICES GROUP 3,086 3,086
PORCH GROUP INC 152,471 152,471
PRA GROUP INC 68,728 68,728
PRINCIPAL FINL GROUP INC 242,990 242,990
PROCTER & GAMBLE 75,443 75,443
PROGRESSIVE CORP 52,954 52,954
PROLOGIS INC 80,649 80,649
QCR HLDGS INC COM 88,704 88,704
QUALCOMM INC 130,731 130,731
QUANTERIX CORP 68,670 68,670
RALPH LAUREN CORP CL A 8,084 8,084
RANPAK HLDGS CORP CL A 116,272 116,272
RED ROBIN GOURMET BURGERS INC 93,495 93,495
REGENCY CTRS CORP 72,747 72,747
REGENERON PHARMACEUTICALS INC 55,562 55,562
REGIONS FINL CORP 167,063 167,063
REP BANCORP INC KY CDT-CL A COM STK 13,974 13,974
RILEY EXPLORATION PERMIAN INC COM 44,688 44,688
ROCKWELL AUTOMATION 36,581 36,581
ROOT INC CL A NEW 83,479 83,479
ROSS STORES INC 90,611 90,611
ROYAL CARIBBEAN GROUP 39,217 39,217
RTX CORPORATION 106,810 106,810
RUSH ENTERPRISES INC CL A 120,538 120,538
RUSH STREET INTERACTIVE INC COM 139,258 139,258
S&P GLOBAL INC 401,412 401,412
SAFE BULKERS INC COM STK 47,838 47,838
SALESFORCE INC 197,923 197,923
SANDRIDGE ENERGY INC 76,115 76,115
SAUL CTRS INC COM 15,520 15,520
SCHLUMBERGER LTD 82,623 82,623
SEAGATE TECHNOLOGY HOLDINGS PLC 22,268 22,268
SEER INC CL A 33,911 33,911
SEMPRA 344,389 344,389
SERVICENOW INC 142,056 142,056
SHENANDOAH TELECOMMUNICATIONS CO CDT-COM 98,358 98,358
SHOALS TECHNOLOGIES GROUP INC CL A 117,402 117,402
SHOE CARNIVAL INC COM 66,160 66,160
SIGA TECHNOLOGIES INC COM 43,272 43,272
SIMMONS 1ST NATL CORP CL A 24,398 24,398
SIMON PROPERTY GROUP INC 262,448 262,448
SM ENERGY CO COM 112,404 112,404
SMARTRENT INC CL A COM 62,125 62,125
SMITH & WESSON BRANDS INC 20,210 20,210
SONIC AUTOMOTIVE INC CL A 88,690 88,690
STARBUCKS CORP 6,388 6,388
STITCH FIX INC CL A 66,977 66,977
STONEX GROUP INC COM 127,361 127,361
SUPER MICRO COMPUTER INC COM NEW 7,620 7,620
SYLVAMO CORP COM 39,510 39,510
SYSCO CORP 223,646 223,646
TAKE-TWO INTERACTIVE SOFTWARE INC COM STK 73,632 73,632
TAPESTRY INC 33,710 33,710
TARGET CORP 139,776 139,776
TEEKAY TANKERS LTD (BM) COM CL A 47,748 47,748
TEGNA INC COM 135,346 135,346
TELOS CORP MD COM 53,147 53,147
TESLA INC COM 606,568 606,568
TEXAS INSTRUMENTS INC 56,628 56,628
THE CAMPBELLS COMPANY 26,929 26,929
THE CIGNA GROUP 106,590 106,590
THE COOPER COMPANIES, INC. 30,888 30,888
THE HARTFORD INSURANCE GROUP INC COM 34,023 34,023
THE REALREAL INC 240,460 240,460
THERMO FISHER SCIENTIFIC INC 300,173 300,173
TITAN INTL INC ILL COM 19,012 19,012
TJX COS INC 66,204 66,204
T-MOBILE US INC 35,317 35,317
TOWNSQUARE MEDIA INC CL A 78,174 78,174
TRANE TECHNOLOGIES PLC 124,102 124,102
TREACE MED CONCEPTS INC COM 114,576 114,576
TRIMAS CORP COM NEW COM NEW 60,246 60,246
TRIMBLE INC 32,292 32,292
TRIUMPH GROUP INC 99,271 99,271
TRUECAR INC 107,737 107,737
TRUIST FINL CORP 32,709 32,709
TURTLE BEACH CORP 139,951 139,951
UBER TECHNOLOGIES INC COM 55,193 55,193
UNION PAC CORP 207,060 207,060
UNITED NAT FOODS INC COM 155,667 155,667
UNITED PARCEL SVC INC CL B 10,719 10,719
UNITED RENTALS INC 63,400 63,400
UNITEDHEALTH GROUP INC 338,926 338,926
UNIVERSAL HEALTH RLTY INCOME TR SH BEN INT SH BEN INT 18,605 18,605
UNIVERSAL LOGISTICS HOLDINGS INC COM NPV 68,910 68,910
UNIVERSAL TECHNICAL INST INC COM 102,840 102,840
USANA HEALTH SCIENCES INC CDT-SHS 10,767 10,767
VANDA PHARMACEUTICALS INC COM 53,504 53,504
VENTAS INC REIT 29,798 29,798
VERALTO CORP 20,777 20,777
VERIZON COMMUNICATIONS 115,731 115,731
VERTEX PHARMACEUTICALS INC 65,237 65,237
VICTORY CAP HLDGS INC DEL CL A CL A 58,914 58,914
VISA INC CL A 643,141 643,141
VITAL ENERGY INC COM (POST REV SPLIT) 43,288 43,288
VITESSE ENERGY INC 100,250 100,250
WABTEC CORP COM 143,330 143,330
WALGREENS BOOTS ALLIANCE INC 14,200 14,200
WALMART INC 186,211 186,211
WALT DISNEY CO 271,360 271,360
WATERS CORP 17,436 17,436
WEIS MKT INC COM 40,632 40,632
WELLTOWER INC REIT 58,100 58,100
WESBANCO INC COM 65,080 65,080
WESTN DIGITAL CORP COM 59,511 59,511
WILLIAMS CO INC 318,117 318,117
WILLIS TOWERS WATSON PLC 30,698 30,698
WOLVERINE WORLD WIDE INC COM 159,840 159,840
WORTHINGTON ENTERPRISES INC 84,231 84,231
XPEL INC COM 74,288 74,288
XPERI INC COM 128,375 128,375
XYLEM INC 40,955 40,955
ZEBRA TECHNOLOGIES CORP CL A 45,960 45,960
ZIMVIE INC 106,299 106,299
ZOETIS INC CL A 36,170 36,170

TY 2024 InvestmentsOtherSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACHIEVE PARTNERS WORKFORCE FUND I, LP FMV 6,620,331 6,620,331
ADAGE CAPITAL PARTNERS FMV 44,555,074 44,555,074
ADAMS STREET 2007 DIRECT FUND, L.P. FMV 189,598 189,598
ADAMS STREET 2009 DIRECT FUND, L.P. FMV 328,585 328,585
ADAMS STREET 2003 NON-U.S. FUND, L.P. FMV 172,565 172,565
ADAMS STREET 2003 U.S. FUND, L.P. FMV 76,976 76,976
ADAMS STREET 2005 NON-U.S. FUND, L.P. FMV 11,769 11,769
ADAMS STREET 2009 NON-U.S. EMERGING MARKETS FUND, L.P. FMV 691,515 691,515
AG DLI II, L.P. FMV 2,271,933 2,271,933
AG DLI III, L.P. FMV 2,355,988 2,355,988
AG DLI IV, L.P. FMV 5,304,331 5,304,331
CASTLELAKE IV L.P. FMV 5,166,446 5,166,446
ALLIANCE FUND II, LP FMV 727,994 727,994
BLACKROCK EUROPEAN HEDGE FUND LIMITED FMV 10,336,194 10,336,194
BLACKROCK LONG TERM PRIVATE CAPITAL SCSP FMV 23,283,857 23,283,857
BLACKROCK U.S. TREASURY INFLATION PROTECTED FMV 17,296,379 17,296,379
BOW RIVER REAL ESTATE FUND III TE FEEDER, LP FMV 2,740,825 2,740,825
CASTLELAKE AVIATION III STABLE YIELD, L.P. FMV 6,062,183 6,062,183
CASTLELAKE V, L.P. FMV 6,649,459 6,649,459
HARBOURVIEW ROYALTIES PARALLEL FUND I LP FMV 3,074,637 3,074,637
CF AXIOM INTERNATIONAL SMALL CAP EQUITY FUND FMV 11,672,740 11,672,740
CF GLOBAL EMERGING MARKETS DISCOVERY FUND FMV 25,275,631 25,275,631
CF SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST FMV 27,858,175 27,858,175
CLAYTON, DUBILIER & RICE FUND XII, LP FMV 2,112,747 2,112,747
COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS IX FMV 12,278,034 12,278,034
COMMONFUND CAPITAL SECONDARY PARTNERS 2015, L.P. FMV 2,201,516 2,201,516
COMMONFUND CAPITAL SECONDARY PARTNERS II, L.P. FMV 4,050,748 4,050,748
CRSEF II FEEDER, S.C.SP. FMV 2,307,274 2,307,274
DALFEN LAST MILE INDUSTRIAL FUND V, LP FMV 2,333,460 2,333,460
GCM GROSVENOR ADVANCE FEEDER FUND II, L.P. FMV 1,099,562 1,099,562
GCM GROSVENOR ADVANCE FEEDER FUND, L.P. FMV 6,576,821 6,576,821
GQG PARTNERS GLOBAL EQUITY FUND LLC FMV 33,472,152 33,472,152
GRANITE EQUITY LLC FMV 12,611,622 12,611,622
HCAP PARTNERS IV, LP FMV 2,976,499 2,976,499
HCAP PARTNERS V, LP FMV 5,166,871 5,166,871
KAYNE CREDIT OPPORTUNITIES FUND (QP) LP FMV 444,530 444,530
KALEIDOSCOPE FRACTAL FUND LP - CLASS A ONSHORE FMV 8,725,114 8,725,114
KLCP OFFSHORE FUND III LP FMV 6,115,873 6,115,873
L2 POINT OPPORTUNITIES I, LP FMV 2,002,409 2,002,409
LES BORDES, LP FMV 2,897,946 2,897,946
LOOMIS SAYLES NHIT CREDIT ASSET TRUST CLASS B 761 FMV 21,344,048 21,344,048
MARINER ATLANTIC MULTI-STRATEGY LTD CL T SER 1 FMV 9,987,394 9,987,394
MPOWERED CAPITAL ACCESS FUND I, L.P. FMV 2,244,552 2,244,552
MRP VALUE OFFSHORE FUND I, LP FMV 3,774,183 3,774,183
MULTI-ALTERNATIVE OPPORTUNITIES FUND (B) LP FMV 3,379,167 3,379,167
ROUNDSHIELD 1 CO-INVEST 1 LP FMV 1,711,257 1,711,257
RS FEEDER (USD) III, LP FMV 2,418,285 2,418,285
RS FEEDER (USD) IV, LP FMV 5,237,758 5,237,758
RS FEEDER FUND II LP FMV 2,915,034 2,915,034
SECOND ALPHA PARTNERS IV, L.P. FMV 6,422,602 6,422,602
SOUTH DAKOTA EQUITY PARTNERS FMV 2,517,760 2,517,760
STONE ARCH CAPITAL III FMV 3,344,759 3,344,759
ZETLAND SPECIAL SITUATIONS FEEDER FUND I, L.P. FMV 5,038,486 5,038,486

TY 2024 LandEtcSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 1,581,752 219,747 1,362,005 1,362,005
COMPUTER HARDWARE AND SOFTWARE 255,164 144,335 110,829 110,829
FURNITURE AND EQUIPMENT 311,298 95,800 215,498 215,498
WIP - FIXED ASSETS 7,684 0 7,684 7,684


TY 2024 LegalFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 128,623 36,587   103,203


TY 2024 OtherAssetsSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED INVESTMENTS 10,928,893 9,375,656 9,375,656
ACCRUED INVESTMENT INCOME 67,084 475,233 475,233
SECURITIES SETTLEMENT RECEIVABLE 46,988 5,672,343 5,672,343
OPERATING LEASE RIGHT OF USE ASSET, NET 903,336 825,475 825,475
FEDERAL EXCISE TAX RECEIVABLE 495,720    
MINERAL RIGHTS 40,156 40,156 40,156


TY 2024 OtherExpensesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER CONTRACTED SERVICES 269,309 38,564   171,995
MARKETING & ADVERTISING SERVICES 77,273 0   80,072
COMMUNICATIONS SERVICES 18,278 0   19,992
POSTAGE/DELIVERY SERVICES 1,119 0   1,098
REPAIRS & MAINTENANCE 30,375 0   42,000
INSURANCE 77,222 0   103,058
GENERAL SUPPLIES & MATERIALS 15,787 0   4,999
SUBSCRIPTIONS & PUBLICATIONS 10,367 0   10,887
TECHNOLOGY EQUIPMENT 30,492 0   14,096
MEMBERSHIP DUES 11,100 0   11,121
CREDIT LOSS EXPENSE 201,250 0   0
OTHER EXPENSES - PARTNERSHIPS 0 5,110,674   0


TY 2024 OtherIncomeSchedule2
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME - PARTNERSHIPS 0 14,315,597 0
PRI INTEREST 16,472 128,098 16,472
MISCELLANEOUS INCOME 31 31 31


TY 2024 OtherIncreasesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Amount
UNREALIZED GAIN ON INVESTMENTS 10,939,974


TY 2024 OtherLiabilitiesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAXES PAYABLE 2,029,510 2,389,386
OPERATING LEASE LIABILITY 1,388,467 1,275,500
SECURITIES SETTLEMENT PAYABLE 20,649 45,815


TY 2024 OtherProfessionalFeesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 560,135 478,528   50,043
INVESTMENT MANAGEMENT FEES 4,747,356 697,853   0


TY 2024 TaxesSchedule
Name:
NORTHWEST AREA FOUNDATION
EIN:
41-0719221
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 1,214,579 0   0
UNRELATED BUSINESS INCOME TAX 463,510 0   0
FOREIGN TAXES - PARTNERSHIPS 0 471,149   0