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
THE WALSER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4401 AMERICAN BLVD WEST 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BLOOMINGTON, MN55437
A Employer identification number

20-4968499
B Telephone number (see instructions)

(952) 355-4058
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$12,165,845J 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) 4,234,460
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28,014 28,014  
4 Dividends and interest from securities... 201,987 201,987  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -37,318
b Gross sales price for all assets on line 6a 2,260,491
7 Capital gain net income (from Part IV, line 2)... 0
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).......      
12 Total. Add lines 1 through 11........ 4,427,143 230,001  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 239,370 0   239,370
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,938 1,969   1,969
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
67,457 67,457   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,212 0   16,212
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 326,977 69,426   257,551
25 Contributions, gifts, grants paid....... 1,420,365 1,420,365
26 Total expenses and disbursements. Add lines 24 and 25 1,747,342 69,426   1,677,916
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,679,801
b Net investment income (if negative, enter -0-) 160,575
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......... 90,451 1,605,464 1,605,464
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 4,193,027 Click to see attachment
List of Attached Documents:
// Content
5,170,469 		5,170,469
b Investments—corporate stock (attach schedule)....... 4,453,725 Click to see attachment
List of Attached Documents:
// Content
5,389,912 		5,389,912
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,737,203 12,165,845 12,165,845
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,737,203 12,165,845
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,737,203 12,165,845
30 Total liabilities and net assets/fund balances (see instructions). 8,737,203 12,165,845
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
8,737,203
2
Enter amount from Part I, line 27a .....................
2
2,679,801
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
748,841
4
Add lines 1, 2, and 3 ..........................
4
12,165,845
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
12,165,845
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 61 SH ACCENTURES PLC     2024-10-23
b 189 SH ALPHABET INC.   2024-03-13 2024-06-28
c 131 SH CHECK POINT SOFTWARE     2024-10-21
d 3,348 SH CVS HEALTH CORP     2024-08-23
e 193 SH FISERVE INC     2024-10-21
144 SH INTERCONTINENTAL EXCHANGE   2022-01-18 2024-09-19
56 SH MOTOROLA SOLUTIONS INC   2024-01-12 2024-09-19
48 SH MOTOROLA SOLUTIONS INC     2024-10-21
192 SH QUALCOMM INC   2022-03-15 2024-05-23
389 SH WALMART INC     2024-06-28
375 SH WALMART INC     2024-12-24
1,818 WALT DISNEY CO     2024-06-12
75 SH ZEBRA TECHNOLOGIES   2023-01-13 2024-01-10
153 SH ZEBRA TECHNOLOGIES   2023-01-13 2024-01-11
136 SH ZEBRA TECHNOLOGIES   2023-01-13 2024-01-12
220 SH ZEBRA TECHNOLOGIES   2023-01-13 2024-01-16
115 SH ZEBRA TECHNOLOGIES   2023-01-13 2024-01-17
ALLEGHENY COUNTY     2024-11-01
CHAMBERSBURG PA     2024-09-03
GORHAM ME     2024-10-01
SKOKIE ILL     2024-12-02
US TREASURY     2024-01-02
US TREASURY     2024-02-15
US TREASURY     2024-12-26
US TREASURY     2024-05-16
US TREASURY     2024-07-11
US TREASURY     2024-04-11
US TREASURY     2024-03-12
US TREASURY     2024-08-15
US TREASURY     2024-06-18
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 22,703   19,909 2,794
b 35,004   26,482 8,522
c 26,935   20,064 6,871
d 192,671   256,765 -64,094
e 38,207   21,793 16,414
163,419   160,533 2,886
24,592   17,821 6,771
22,816   15,127 7,689
38,547   28,460 10,087
26,356   19,088 7,268
33,836   17,965 15,871
183,973   222,512 -38,539
19,567   21,965 -2,398
39,229   44,808 -5,579
34,673   39,829 -5,156
55,409   63,550 -8,141
28,554   27,138 1,416
75,000   75,000 0
140,000   140,000 0
35,000   35,000 0
75,000   75,000 0
205,000   205,000 0
135,000   135,000 0
75,000   75,000 0
120,000   120,000 0
45,000   45,000 0
120,000   120,000 0
120,000   120,000 0
45,000   45,000 0
84,000   84,000 0
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       2,794
b       8,522
c       6,871
d       -64,094
e       16,414
      2,886
      6,771
      7,689
      10,087
      7,268
      15,871
      -38,539
      -2,398
      -5,579
      -5,156
      -8,141
      1,416
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -37,318
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 2,232
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 2,232
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 2,232
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 552
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 5,552
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 35
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 3,285
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,285 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowNANCY WARNER Telephone no.right arrow (952) 355-4058

Located atright arrow4401 AMERICAN BLVD WEST 300BLOOMINGTONMN ZIP+4right arrow55437
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ANDREW D WALSER PRESIDENT
0.10 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
PAUL M WALSER CEO
0.10 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
NANCY WARNER FOUNDATION DIRECTOR
30.00 		0 0 0
7700 FRANCE AVE SUITE 410N
EDINA,MN55435
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
10,422,961
b
Average of monthly cash balances.......................
1b
102,946
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
10,525,907
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
10,525,907
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
157,889
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,368,018
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
518,401
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
518,401
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
2,232
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,232
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
516,169
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
516,169
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
516,169
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
1,677,916
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,677,916
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 7 516,169
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...... 544,023
b From 2020...... 494,597
c From 2021...... 546,254
d From 2022...... 683,738
e From 2023...... 794,195
f Total of lines 3a through e ........ 3,062,807
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,677,916
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..... 516,169
e Remaining amount distributed out of corpus 1,161,747
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 4,224,554
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) ... 		544,023
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		3,680,531
10 Analysis of line 9:
a Excess from 2020.... 494,597
b Excess from 2021.... 546,254
c Excess from 2022.... 683,738
d Excess from 2023.... 794,195
e Excess from 2024.... 1,161,747
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 e-mail address of the person to whom applications should be addressed:
NANCY WARNER
7700 FRANCE AVE S SUITE 410N
EDINA,MN55435
(952) 355-4058
NWARNER@WALSER.COM
bThe form in which applications should be submitted and information and materials they should include:
LETTER OF INQUIRY TO NANCY WARNER, FOUNDATION DIRECTOR - GRANT REPORT FORM. EVENT SPONSORSHIP APPLICATION - ONLINE FORM.
cAny submission deadlines:
MAY 15TH & OCTOBER 15TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ORGANIZATIONS ARE LIMITED TO ONE APPLICATION PER YEAR.
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

23RD VETERAN

PO BOX 735509
CHICAGO,IL60673 		  PC SHOP FOR A CAUSE DRIVE 28,988

360 COMMUNITIES

501 E HWY 13
BURNSVILLE,MN55337 		  PC DRIVE TO END HUNGER MATCH 500

ABLELIGHT INC

600 HOFFMAN DR
WATERTOWN,MN53094 		  PC GRANT - EMPLOYMENT SUPPORT SERVICES 5,000

ACBC FOOD SHELF

2615 9TH AVE N
ANOKA,MN55303 		  PC DRIVE TO END HUNGER MATCH 500

ACCESSABILITY INC

360 HOOVER ST
MINNEAPOLIS,MN55413 		  PC GRANT - PROJECT CONNECT 7,500

ACHIEVE TWIN CITIES

2829 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC GRANT - CAREER AND COLLEGE INITIATIVE 15,000

ADAMS ELEMENTARY PARENTS ADVISORY COUNCIL

8989 SYCAMORE ST
COON RAPIDS,MN55433 		  PC FUN RUN SPONSORSHIP 500

ANDOVER POLICE & FIRE FOUNDATION

909N ANDOVER RD
ANDOVER,KS67002 		  PC DRIVEN TO GIVE 250

ANGEL FOUNDATION MINNESOTA

1155 CENTRE POINTE DR SUITE 7
MENDOTA HEIGHTS,MN55120 		  PC SHOP FOR A CAUSE 22,338

ANN BANCROFT FOUNDATION

2356 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC ANNUAL CELEBRATION SPONSOR - ADVENTURER LEVEL 10,000

ANN BANCROFT FOUNDATION

2356 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC SHOP FOR A CAUSE 500

ANNEX TEEN CLINIC

5810 42ND AVE N
ROBBINSDALE,MN55422 		  PC GRANT - SCHOOL-BASED BEHAVIOR HEALTH EDUCATION 7,500

ASHLEY ZHOU

5660 CORNSTOCK LANE N
PLYMOUTH,MN55446 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

ASSISTANCE LEAGUE OF WICHITA

2431 E DOUGLAS AVE
WICHITA,KS67211 		  PC SHOP FOR A CAUSE 1,900

ATHLETES COMMITTED TO EDUCATING STUDENTS

1115 E HENNEPIN AVE
MINNEAPOLIS,MN55414 		  PC GRANT - AFTERSCHOOL PROGRAMMING 7,500

BABY'S SPACE A PLACE TO GROW

2438 18TH AVE S
MINNEAPOLIS,MN55404 		  PC GEN OP GRANT 10,000

BALLET WICHITA

1600 WEST DOUGLAS AVE
WICHITA,KS67203 		  PC GRANT - CHANCE TO DANCE 5,000

BANYAN FOUNDATION

2529 13TH AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - K-8 AFTER SCHOOL AND SUMMER PROGRAM 15,000

BESTPREP

7100 NORTHLAND CIR N
MINNEAPOLIS,MN55428 		  PC GRANT - MN BUSINESS VENTURE 5,000

BLOOMINGTON CAREER & COLLEGE ACADEMY

8800 QUEEN AVE S
BLOOMINGTON,MN55431 		  PC GRANT - AUTOMOTIVE PATHWAY 15,000

BOYS AND GIRLS CLUB OF SOUTH CENTRAL KANSAS

2400 N OPPORTUNITY DRIVE
WICHITA,KS67219 		  PC DRIVE TO END HUNGER 500

BOYS AND GIRLS CLUBS OF THE TWIN CITIES

690 JACKSON ST
ST PAUL,MN55130 		  PC GRANT - K-12 ACADEMIC SUCCESS 10,000

BREAKTHROUGH TWIN CITIES

2051 LARPENTEUR AVE E ST
ST PAUL,MN55109 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

BRIDGING

1730 TERRACE DRIVE
ROSEVILLE,MN55113 		  PC DRESSER BUILD DONATION 5,580

BURNSVILLE ROTARY CLUB

PO BOX 1346
BURNSVILLE,MN55337 		  PC CONCERT FOR CARING SPONSOR 10,000

CAMP FIRE MINNESOTA

3300 TANADOONA DRIVE
EXCELSIOR,MN55331 		  PC UNDER THE STARS SPONSORSHIP 1,000

CATHOLIC CHARITIES

1007 E 14TH ST
MINNEAPOLIS,MN55404 		  PC GRANT - NORTHSIDE CHILD DEVELOPMENT CENTER 10,000

CENTRO GUADALUPANO

2211 CLINTON AVENUE
MINNEAPOLIS,MN55404 		  PC GRANT - ANDALE! YOUTH PROGRAM 5,000

CENTRO TYRONE GUZMAN

1915 CHICAGO AVE
MINNEAPOLIS,MN55404 		  PC GRANT - SIEMBRA MONTESSORI SCHOLARSHIPS 10,000

CENTURY COLLEGE FOUNDATION

3300 CENTURY AVE N
WHITE BEAR LAKE,MN55110 		  PC AUTOMOTIVE PAINT BOOTH 10,000

CHANGE INC

381 E ROBIE ST
ST PAUL,MN55107 		  PC GRANT - COLLEGE & CAREER READINESS 7,500

CHIDREN FIRST CEO KANSAS

PO BOX 2385
WICHITA,KS67201 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

COLLEGE POSSIBLE

755 PRIOR AVE N
ST PAUL,MN55104 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

COLTON BALIEL

125 W AARON DR
ANDOVER,KS67002 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

COMMUNITIES IN SCHOOLS OF THE TWIN CITIES

161 SAINT ANTHONY AVE
ST PAUL,MN55103 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

COMMUNITY PARTNERS WITH YOUTH

1900 SEVENTH ST NW
NEW BRIGHTON,MN55112 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

CORNELIA ELEMENTARY PTO

7000 CORNELIA DR
EDINA,MN55435 		  PC PTO EVENT SPONSORSHIP 500

CREATEMPLS

PO BOX 8521
MINNEAPOLIS,MN55408 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

CREEK VALLEY ELEMENTARY SCHOOL PTO

6401 GLEASON RD
EDINA,MN55439 		  PC CREEK VALLEY NIGHT OUT 1,000

CRISTO REY JESUIT HIGH SCHOOL TWIN CITIES

2924 4TH AVE S
MINNEAPOLIS,MN55408 		  PC CORPORATE INTERNSHIP PROGRAM 10,000

DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION

1300 145TH ST E
ROSEMOUNT,MN55068 		  PC GRANT - WORKFORCE DEVELOPMENT SCHOLARSHIP MATCH 10,000

DEPARTMENT OF TRANSPORTATION

395 JOHN IRELAND BLVD
ST PAUL,MN55155 		  PC TRAFFIC SAFETY DAY SCHOLARSHIP 3,000

DIANNE PIERCE

7038 REMINGTON WAY
BRAINERD,MN56401 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

DISABLED AMERICA VETERANS OF MN

C/O GMADA 200 LOTHENBACH AVE
WEST ST PAUL,MN55118 		  PC GMADA DONATION 5,000

DISTRICT 279 FOUNDATION

11200 93RD AVE N
MAPLE GROVE,MN55369 		  PC GRANT - GENERAL OPERATIONS 3,000

DIVISION OF INDIAN WORK

1001 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GRANT - YOUTH LEADERSHIP DEVELOPMENT PROGRAM 2,500

DRESS FOR SUCCESS TWIN CITIES

1430 CONCORDIA AVE
ST PAUL,MN55104 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

DUNWOODY COLLEGE OF TECHNOLOGY

818 DUNWOODY BLVD
MINNEAPOLIS,MN55403 		  PC GRANT - AUTOMOTIVE PROGRAM 30,000

DUNWOODY COLLEGE OF TECHNOLOGY

818 DUNWOODY BLVD
MINNEAPOLIS,MN55403 		  PC GRANT - AUTOMOTIVE PROGRAM 2,956

DYSLEXIA INSITUTE OF MN

2010 SCOTT RD NW
ROCHESTER,MN55901 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

EAST SIDE LEARNING CENTER

PO BOX 6703
ST PAUL,MN55106 		  PC GRANT - LITERACY INTERVENTION 5,000

EDINA GIVE AND GO

5701 NORMANDALE RD
MINNEAPOLIS,MN55424 		  PC GRANT - ACADEMIC ENRICHMENT 10,000

ELPIS ENTERPRISES

2161 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT 5,000

EMMA NORTON SERVICES

670 ROBERT ST N
ST PAUL,MN55416 		  PC GRANT - CHILDREN & YOUTH EDUCATION AND ENRICHMENT 7,500

EXPLORATION PLACE

300 N MCLEAN BLVD
WICHITA,KS67203 		  PC SPONSORSHIP - DEATH BY CHOCOLATE 5,000

FAMILYWISE

3036 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		  PC FAMILY FUN FEST SPONSORSHIP 1,500

FEED MY STARVING CHILDREN

401 93RD AVE NW
COON RAPIDS,MN55433 		  PC FOOD PACKAGING EVENT FOR WALSER WEEK OF GIVING 10,897

FOLDS OF HONOR

229 MINNETONKA AVE S PO BOX 723
WAYZETA,MN55391 		  PC VALET SPONSOR FOR PATRIOT PARTY 10,000

FOLDS OF HONOR

5971 N PATRIOT DR
OWASSO,OK74055 		  PC TOYOTA MATCH DONATION 2,500

FRANKLIN CENTER

1001 BOONE AVE N
GOLDEN VALLEY,MN55427 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

FRASER

2400 W 64TH ST
MINNEAPOLIS,MN55423 		  PC 11 DAYS OF GIVING MATCH AND GRANT 22,000

FRIENDS OF THE BOUNDARY WATERS WILDERNESS

2550 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT - NO BOUNDARIES TO THE BOUNDARY WATERS 8,620

FRIENDS UNIVERSITY

2100 W UNIVERSITY AVE
WICHITA,KS67213 		  PC GRANT - STUDENT ATHLETE CENTER 10,000

GENESYS WORKS

445 MINNESOTA ST
ST PAUL,MN55101 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

GIRLS ON THE RUN HEART OF KANSAS

PO BOX 533
MAIZE,KS67101 		  PC BLUES, CLUES, AND RUNNING SHOES SPONSORSHIP 2,500

GOODWILL INDUSTRIES

553 FAIRVIEW AVE N
ST PAUL,MN55104 		  PC GRANT - CAREER TRAINING AND EDUCATION 5,000

GREATER MINNEAPOLIS COUNCIL OF CHURCHES

1100 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GRANT - GENIUS LABS AND TEEN TECH 10,000

GREATER WICHITA YMCA

9333 E DOUGLAS AVE
WICHITA,KS67202 		  PC JOB PREP GRANT 15,000

GROVES ACADEMY

3200 HWY 100 SOUTH
ST LOUIS PARK,MN55416 		  PC GRANT - GROVES LITERACY PARTICIPANTS 15,000

HENNEPIN HEALTHCARE FOUNDATION

701 PARK AVE S
MINNEAPOLIS,MN55415 		  PC GRANT - THE TALENT GARDEN 15,000

HIRED

217 FIFTH AVE N
MINNEAPOLIS,MN55401 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

HMONG AMERICAN PARTNERSHIP

1075 ARCADE ST
ST PAUL,MN55106 		  PC GRANT - HAP ACADEMY OIC 11,000

HOLIDAY HOPE PROJECT

1728 KNOX AVE S
MINNEAPOLIS,MN55403 		NONE I REIMBURSEMENT FOR GIFT CARDS DONATED TO HOLIDAY HOPE PROJECT 2,100

HOME BASE WICHITA

300 W DOUGLAS SUITE 850
WICHITA,KS67202 		  PC SHOP FOR A CAUSE 3,175

HOPE ACADEMY

2300 CHICAGO AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - STUDENT SCHOLARSHIPS 18,000

HOPKINS EDUCATION FOUNDATION

1001 HIGHWAY 7 SUITE 243
HOPKINS,MN55305 		  PC ROYAL BASH SPONSORSHIP 1,000

HOSPITALITY HOUSE

PO BOX 11008 1220 LOGAN AVE N
MINNEAPOLIS,MN55411 		  PC GRANT - URBAN LEARNING CENTER 5,000

IOCP

1605 CTY RD 101
PLYMOUTH,MN55447 		  PC DRIVE TO END HUNGER MATCH 500

ISABEL LANGE

12909 GRANDVIEW CT
BURNSVILLE,MN55337 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

IVORY DRUSCH

5474 BALD EAGLE BLVD EAST
WHITE BEAR LAKE,MN55110 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

JEREMIAH PROGRAM

1510 LAUREL AVE
MINNEAPOLIS,MN55403 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

JEWISH FAMILY & CHILDREN'S SERVICES

5905 GOLDEN VALLEY RD
GOLDEN VALLEY,MN55422 		  PC GRANT - PARENT CHILD + 20,000

JEWISH FAMILY SERVICES

5801 W 115TH ST SUITE 103
OVERLAND PARK,KS66211 		  PC GEN OP GRANT 500

JUNIOR ACHIEVEMENT OF CHICAGO

651 W WASHINGTON BLVD STE 404
CHICAGO,IL60661 		  PC DONATION 500

JUNIOR ACHIEVEMENT OF KANSAS

PO BOX 780683
WICHITA,KS67278 		  PC GRANT - GENERAL OPERATING EXPENSES 10,080

JUXTAPOSITION ARTS

2007 EMERSON AVE N
MINNEAPOLIS,MN55411 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

KANSAS COUNCIL ON ECONOMIC EDUCATION

1845 FAIRMOUNT ST
WICHITA,KS67260 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

KANSAS INFANT DEATH AND SIDS NETWORK

300 DOUGLAS AVE STE 145
WICHITA,KS67202 		  PC STEP UP FOR KIDS LUNCH SPONSOR 1,800

KEYSTONE COMMUNITY SERVICES

2000 ST ANTHONY AVE
ST PAUL,MN55104 		  PC DRIVE TO END HUNGER MATCH 10,000

KIDS IN NEED FOUNDATION

2719 PATTON RD
ROSEVILLE,MN55113 		  PC BETHEL WELCOME WEEK SPONSORSHIP 1,250

KIPP MINNESOTA

5034 OLIVER AVE N
MINNEAPOLIS,MN55430 		  PC GRANT - REVOLUTIONIZING LITERACY & SEL SUPPORT 10,000

KVC BEHAVIORAL HEALTHCARE

225 N MARKET ST SUITE 225
WICHITA,KS67202 		  PC GRANT - BACK TO SCHOOL BACKPACKS 1,000

LELS POLICE BENEVOLENT FUND INC

2700 FREEWAY BLVD 700
BROOKLYN CENTER,MN55430 		  PC DONATION ON A DEBIT CARD 5,000

LINH CHI HOANG

9117 NEVADA CT N
BROOKLYN PARK,MN55445 		NONE I DRIVING A STRONGER COMMUNITY FOUNDATION 1,000

LITERACY MINNESOTA

700 RAYMOND AVE
ST PAUL,MN55114 		  PC GRANT - SUMMER READS 20,000

LLS UPPER PLAINS

PO BOX 772395
DETROIT,MI48277 		  PC LIGHT THE NIGHT DONATION 1,000

LUTHERAN SOCIAL SERVICES

2485 COMO AVE
ST PAUL,MN55108 		  PC GRANT - FAMILIES TOGETHER THERAPEUTIC PRESCHOOL 10,000

MADISON CASSERLY

6316 MILDRED AVE
ST PAUL,MN55439 		NONE I DRIVING A STRONGER COMMUNITY FOUNDATION 1,000

MARK ARTS INC

1307 N ROCK RD
WICHITA,KS67206 		  PC GRANT - ART TOGETHER 5,000

MATTER

7005 OXFORD ST
ST LOUIS PARK,MN55426 		  PC WEEK OF GIVING DONATION 3,000

MCADAMS ACADEMY

903 S GLENN AVE
WICHITA,KS67213 		  PC GRANT - FAMILY FIRST 10,000

MIGIZI COMMUNICATIONS

1845 E LAKE ST
MINNEAPOLIS,MN55406 		  PC GRANT - INDIGENOUS PATHWAYS 10,000

MINNEAPOLIS BOYS HIGH SCHOOL HOCKEY

1250 WEST BRAODWAY AVE
MINNEAPOLIS,MN55411 		  PC GAME DAY & GOLF FUNDRAISER SPONSORSHIP 500

MINNEAPOLIS COLLEGE OF ART AND DESIGN

2501 STEVENS AVE
MINNEAPOLIS,MN55404 		  PC MCAD ART SALE 2023 SPONSORSHIP 5,000

MINNEAPOLIS YOUTH BASEBALL ASSOCIATION

818 W MINNEHAHA PKWY
MINNEAPOLIS,MN55419 		  PC GRAND SLAM SPONSORSHIP 8,000

MINNESOTA INDEPENDENCE COLLEGE & COMMUNITY

7501 LOGAN AVE S
RICHFIELD,MN55423 		  PC GRANT - CAREERS PROGRAM 10,000

MINNESOTA TECH FOR SUCCESS

504 MALCOLM AVE SE
MINNEAPOLIS,MN55414 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

MINNESOTA TECHNOLOGY FOUNDATION

400 S 4TH ST STE 416
MINNEAPOLIS,MN55413 		  PC GRANT - MACP 2,500

MISS FOUNDATION

PO BOX 9195
AUSTIN,TX78766 		  PC DRIVEN TO GIVE 250

MISSION 22

694 N LARCH ST 910
SISTERS,OR97759 		  PC DRIVEN TO GIVE 250

MITCHELLE KENNEDY

7600 BRISTOL VILLAGE DR
BLOOMINGTON,MN55438 		NONE I DRIVING A STRONGER COMMUNITY SCHOLARSHIP 1,000

MN ADULT & TEEN CHALLENGE

740 E 24TH ST
MINNEAPOLIS,MN55404 		  PC RAFFLE CAR GRANT 29,368

MN ASST COUNCIL FOR VETS

C/O GMADA 200 LOTHENBACH AVE
WEST ST PAUL,MN55118 		  PC GMADA DONATION 5,000

MN LANDSCAPE ARBORETUM

3675 ARBORETUM DR
CHASKA,MN55318 		  PC GRANT - GROWING GOOD YOUTH INTERNSHIP PROGRAM 12,000

MONTESSORI CENTER OF MINNESOTA

1611 AMES AVE E
ST PAUL,MN55106 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

MUSIC THEATRE WICHITA

225 W DOUGLAS SUITE 202
WICHITA,KS67202 		  PC GRANT - INTERN PROGRAM 10,000

NEIGHBORHOOD HOUSE

179 ROBIE ST EAST
ST PAUL,MN55107 		  PC GRANT - YOUTH LITERACY PROGRAM 10,000

NEWGATE EDUCATION AND RESEARCH CENTER

2900 E HENNEPIN AVE
MINNEAPOLIS,MN55413 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

OASIS FOR YOUTH

2200 W OLD SHAKOPEE RD
BLOOMINGTON,MN55431 		  PC GRANT - WORKFORCE INNOVATION 5,000

OPEN YOUR HEART TO THE HUNGRY AND HOMELESS

2909 S WAYZATA BLVD
MINNEAPOLIS,MN55405 		  PC GRANT - EDUCATION INITIATIVES 5,000

OPERATION HOMEFRONT

17319 SAN PEDRO AVE STE 505
SAN ANTONIO,TX78232 		  PC GRANT - BACK TO SCHOOL BRIGADE KS & MN 5,000

ORDWAY PERFORMING ARTS CENTER

345 WASHINGTON ST
ST PAUL,MN55102 		  PC GRANT - GREENROOM 7,500

OUTFRONT MINNESOTA

2446 UNIVERRSITY AVE W STE 112
ST PAUL,MN55426 		  PC DRIVEN TO GIVE RECIPIENT 250

PARK NICOLLET FOUNDATION

6500 EXCELSIOR BLVD
ST LOUIS PARK,MN55426 		  PC GRANT - GROWING THROUGH GRIEF 5,000

PEACEMAKER MINNESOTA

2131 FAIRVIEW AVE N
ROSEVILLE,MN55113 		  PC GRANT - GENERAL OPERATING EXPENSES 5,000

PEOPLE INCORPORATED

3300 AMES CROSSING RD
EAGAN,MN55121 		  PC GRANT - PATHWAYS WORKFORCE DEVELOPMENT 15,000

PEOPLE SERVING PEOPLE INC

614 33RD ST
MINNEAPOLIS,MN55415 		  PC SHOP FOR A CAUSE 250

PROJECT FIRE BUDDIES

6805 167TH ST
TINLEY PARK,IL60477 		  PC DRIVEN TO GIVE 250

PROJECT SUCCESS

1 GROVELAND TERRACE
MINNEAPOLIS,MN55403 		  PC GRANT - PS INSTITUTE 10,000

RAINBOWS UNITED

3223 N OLIVER ST
WICHITA,KS67220 		  PC GRANT FOR VEHICLE RAFFLE 32,487

REDEMPTION PROJECT

445 MINNESOTA ST SUITE 1500
ST PAUL,MN55101 		  PC GRANT - GEN OP 5,000

RELATE INC

5125 COUNTY RD 101 SUITE 300
MINNETONKA,MN55345 		  PC GRANT - CAMP EMOJI 5,000

RISEN CHRIST SCHOOL

1120 E 37TH ST
MINNEAPOLIS,MN55407 		  PC GALA SPONSOR - FOUNDER LEVEL 2,500

RONALD MCDONALD HOUSE CHARITIES

828 FULTON ST SE
MINNEAPOLIS,MN55414 		  PC DRIVEN TO GIVE WINNER 2,000

SAVE THE BOUNDRY WATERS

PO BOX 625
ELY,MN55731 		  PC DRIVEN TO GIVE 250

SCIENCE FROM SCIENTISTS

9001 E BLOOMINGTON FWY SUITE 139
BLOOMINGTON,MN55420 		  PC GRANT - STEM ENRICHMENT PROGRAMS 5,000

SIMPSON HOUSING SERVICES

160 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - KAMP KINDERGARTEN 5,000

SOLDER'S 6

8238 COPLAND WAY
INVER GROVE HEIGHTS,MN55076 		  PC DRIVEN TO GIVE 250

SOUTH SAINT PAUL VOLLEYBALL CLUB

700 2ND ST N
SOUTH ST PAUL,MN55075 		  PC DRIVEN TO GIVE 250

SOUTHSIDE FAMILY NURTURING CENTER

2448 18TH AVE S
MINNEAPOLIS,MN55404 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

SPECIAL OLYMPICS MN

900 2ND AVE
MINNEAPOLIS,MN55402 		  PC TRUCK WRAP SPONSOR 2023-2025 10,000

ST DAVID'S LEARNING CENTER

3395 PLYMOUTH RD
MINNETONKA,MN55305 		  PC GRANT - INCLUSIVE EARLY CHILDHOOD EDUCATION 10,000

SUICIDE AWARENESS VOICES OF EDUCATION (SAVE)

7900 XERXES AVE S
MINNEAPOLIS,MN55431 		  PC SAVE WALK/RUN SPONSORSHIP 5,000

SUMMIT ACADEMY OIC

935 OLSON MEMORIAL HWY
MINNEAPOLIS,MN55405 		  PC GRANT - GENERAL OPERATING EXPENSES 15,000

THE ARC MINNESOTA

641 FAIRVIEW AVE
ST PAUL,MN55104 		  PC GRANT - ARC TO SUCCESS TOOLKITS 5,000

THE BRANDLAB

PO BOX 8159
MINNEAPOLIS,MN55408 		  PC GRANT - COLLEGE INTERNSHIPS 7,500

THE FAMILY PARTNERSHIP

1527 E LAKE ST
MINNEAPOLIS,MN55407 		  PC GRANT - THERAPEUTIC PRESCHOOLS 7,500

THE FREE BOOK BUGGIE

759 COUGAR DRIVE
EAGAN,MN55123 		  PC DRIVEN TO GIVE 250

THE JK MOVEMENT

1063 IGLEHART AVE
ST PAUL,MN55104 		  PC GRANT - CAREER AND FUTURE READINESS PROGRAM 10,000

THE KANSAS AFRICAN AMERICAN MUSEUM

601 N WATER
WICHITA,KS67203 		  PC TRAILBLAZERS HALL OF FAME SPONSORSHIP 3,500

THE LIFT GARAGE

2401 E LAKE ST
MINNEAPOLIS,MN55406 		  PC DRIVEN TO GIVE 15,813

THE LINK

1210 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - SCHOOL MATTERS 10,000

THE MAINSTREET FOUNDATION

1609 MAINSTREET
HOPKINS,MN55343 		  PC RASPBERRY ROYALTY SCHOLARSHIPS 4,500

THE MINNEAPOLIS FOUNDATION

800 IDS CENTER 80 S 8TH ST
MINNEAPOLIS,MN55402 		  PC CONTRIBUTION TO TRADES AMBASSADOR PROJECT FUND (TRADES HUB) 28,000

THE PAGE EDUCATION FOUNDATION

901 N 3RD ST SUITE 355
MINNEAPOLIS,MN55401 		  PC GRANT 10,000

THE SALVATION ARMY BRAINERD LAKES

208 S FIFTH ST
BRAINERD,MN56401 		  PC DRIVE TO END HUNGER DONATION 500

THE WICHITA STATE UNIVERSITY FOUNDATION

1845 FAIRMOUNT ST BOX 0002
WICHITA,KS67260 		  PC GRANT - HUMAN CENTERED DESIGN & ASSISTIVE TECHNOLOGIES 10,500

TREE TRUST

1419 ENERGY PARK DR
ST PAUL,MN55108 		  PC GRANT - SUMMER YOUTH EMPLOYMENT 10,000

TREEHOUSE INC

5755 WAYZATA BLVD
MINNEAPOLIS,MN55416 		  PC GRANT - TREEHOUSE NEXT 5,000

TUBMAN

4432 CHICAGO AVENUE SOUTH
MINNEAPOLIS,MN55407 		  PC GRANT - MOVEMENT FOR VIOLENCE PREVENTION 5,000

UNITED CHRISTIAN ACADEMY

4300 W 98TH ST
BLOOMINGTON,MN55437 		  PC DRIVEN TO GIVE 250

UNITED MITOCHONDRIAL DISEASE FOUNDATION

8085 SALTSBURG ROAD SUITE 201
PITTSBURGH,PA15239 		  PC DRIVEN TO GIVE 250

UNITED WAY OF THE PLAINS

245 N WATER ST
WICHITA,KS67202 		  PC GRANT - IMAGINATION LIBRARY 10,000

URBAN BOATBUILDERS

2288 UNIVERSITY AVE W
ST PAUL,MN55114 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

URBAN LEAGUE TWIN CITIES

2100 PLYMOUTH AVE N
MINNEAPOLIS,MN55411 		  PC UNITY BALL 2023 SPONSORSHIP 15,000

URBAN ROOTS MN

1110 PAYNE AVE
ST PAUL,MN55130 		  PC GRANT - GENERAL OPERATING EXPENSES 7,500

URBAN VENTURES

2924 FOURTH AVE S
MINNEAPOLIS,MN55408 		  PC GRANT - GENERAL OPERATIONS 15,000

VAIL PLACE

23 9TH AVE S
HOPKINS,MN55343 		  PC GRANT - SUPPORTED EMPLOYMENT PROGRAM 5,000

VICTORY IN THE VALLEY

3755 E DOUGLAS
WICHITA,KS67218 		  PC DRIVEN TO GIVE 250

VOLUNTEERS OF AMERICA

7625 METRO BLVD
EDINA,MN55439 		  PC GRANT - HIGH SCHOOL EXPERIENTIAL LEARNING 10,000

VOYAGEUR OUTWARD BOUND SCHOOL

1650 CARROLL AVE
ST PAUL,MN55104 		  PC GRANT - COMMUNITY PARTNER PROGRAM 15,000

WALSER WOMEN IN AUTOMOTIVE SCHOLARSHIP

818 DUNWOODY BLVD
MINNEAPOLIS,MN55403 		  PC SCHOLARSHIPS 10,000

WASHBURN CENTER FOR CHILDREN

1100 GLENWOOD AVE
MINNEAPOLIS,MN55405 		  PC GRANT - GENERAL OPERATING EXPENSES 15,000

WAT BLACK FAMILY ADOPTION ASSISTANCE

PO BOX 195693
WINTER SPRINGS,FL32719 		  PC DRIVEN TO GIVE 250

WAY TO GROW

201 IRVING AVE N
MINNEAPOLIS,MN55405 		  PC GRANT - GREAT BY EIGHT 15,000

WAYSIDE RECOVERY CENTER

1600 UNIVERSITY AVE W 300
ST PAUL,MN55104 		  PC SHOP FOR A CAUSE 16,013

WHITE BEAR AREA EMERGENCY FOOD SHELF

1884 WHITAKER AVE
WHITE BEAR LAKE,MN55110 		  PC DRIVE TO END HUNGER MATCH 500

WHITE BEAR DANCE CENTER BOOSTER CLUB

2462 COUNTY RD F EAST
WHITE BEAR LAKE,MN55110 		  PC DRIVEN TO GIVE 250

WICHITA ANIMAL ACTION LEAGUE

PO BOX 21401
WICHITA,KS67208 		  PC DRIVEN TO GIVE 250

WICHITA ART MUSEUM

1400 MUSEUM BLVD
WICHITA,KS67203 		  PC GRANT - ART START AND STORYTIME IN THE GALLERIES 13,000

WICHITA ART MUSEUM

1400 W MUSEUM BLVD
WICHITA,KS67203 		  PC GRANT - ART START & STORTIME IN THE GALLERIES 13,000

WICHITA STATE UNIVERSITY

1845 FAIRMOUNT ST WSU CAMPUS BOX
0002
WICHITA,KS67260 		  PC GRANT - HUMAN-CENTERED DESIGN & ASSISTIVE TECHNOLOGY 10,500

WICHITA WOMEN'S INITIATIVE NETWORK

500 S TOPEKA STE 100
WICHITA,KS67202 		  PC GRANT - DOMESTIC VIOLENCE EMPLOYMENT PROGRAM 5,000

WILDFLYER COFFEE

3262 MINNEHAHA AVE S
MINNEAPOLIS,MN55406 		  PC GEN OP GRANT 5,000

WOMEN VENTURE

165 WESTERN AVE N SUITE 8
ST PAUL,MN55702 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

WORLD SAVVY

2429 NICOLLET AVE
MINNEAPOLIS,MN55404 		  PC GEN OP GRANT 5,000

WSU TECH FOUNDATION

4004 N WEBB RD
WICHITA,KS67226 		  PC WALSER ALTERNATIVE FUELS LAB PLEDGE - 1 OF 4 50,000

YOUTH FRONTIERS

5215 EDINA INDUSTRIAL BLVD
MINNEAPOLIS,MN55439 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000

YOUTHLINK

41 N 12TH ST
MINNEAPOLIS,MN55403 		  PC GRANT - GENERAL OPERATING EXPENSES 10,000
Total .................................right arrow 3a 1,420,365
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 28,014  
4 Dividends and interest from securities ....     14 201,987  
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 -37,318  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 192,683 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
192,683
(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
THE WALSER FOUNDATION
 
Employer identification number

20-4968499
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
THE WALSER FOUNDATION
  		Employer identification number
20-4968499
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
WALSER HOLDING COMPANY INC
 
7700 FRANCE AVE SOUTH SUITE 410N
 
EDINA, MN55435

$ 4,234,460


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
(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
THE WALSER FOUNDATION
  		Employer identification number

20-4968499
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
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(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
THE WALSER FOUNDATION
  		Employer identification number

20-4968499
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:
THE WALSER FOUNDATION
EIN:
20-4968499
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 3,938 1,969   1,969

TY 2024 InvestmentsCorpStockSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Name of Stock End of Year Book Value End of Year Fair Market Value
ACCENTURE PLC 222,331 222,331
ALPHABET CORP 244,765 244,765
AMPHENOL CORP 251,965 251,965
CHECK PT SOFTWARE 210,038 210,038
CHURCH & DWIGHT CO INC 217,902 217,902
DANAHER CORP 201,774 201,774
EXPEDITORS INTL WASH 187,201 187,201
FASTENAL CO 231,406 231,406
FEDEX CORP 223,657 223,657
FISERV INC 244,861 244,861
ILLINOIS TOOL WORKS 198,030 198,030
INTERCONTINENTAL EXC 207,571 207,571
JOHNSON & JOHNSON 199,142 199,142
MERCK & CO. INC. 193,489 193,489
MICROSOFT CORP 220,023 220,023
QUALCOMM INC 209,077 209,077
ROPER TECHNOLOGIES 204,821 204,821
SHERWIN WILLIAMS CO 218,915 218,915
STRYKER CORP 214,230 214,230
THERMO FISHER SCIENTIFIC 199,248 199,248
VISA INC 160,261 160,261
WALMART INC 245,662 245,662
AUTOMATIC DATA PROCESSING 259,944 259,944
LINDE PLC 198,031 198,031
MOTOROLA SOLUTIONS INC 225,568 225,568

TY 2024 InvestmentsGovtObligationsSch
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
US Government Securities - End of Year Book Value:

1,767,881
US Government Securities - End of Year Fair Market Value:

1,767,881
State & Local Government Securities - End of Year Book Value:


3,402,588
State & Local Government Securities - End of Year Fair Market Value:


3,402,588


TY 2024 OtherExpensesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SUPPLIES 8,712 0   8,712
SOFTWARE 7,500 0   7,500


TY 2024 OtherIncreasesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Description Amount
UNREALIZED GAIN ON INVESTMENTS 748,841


TY 2024 OtherProfessionalFeesSchedule
Name:
THE WALSER FOUNDATION
EIN:
20-4968499
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT BROKER FEE 67,457 67,457   0