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

41-6124022
B Telephone number (see instructions)

(612) 303-3259
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$46,562,011J 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) 4,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,173,004 1,168,620  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,225,554
b Gross sales price for all assets on line 6a 11,509,777
7 Capital gain net income (from Part IV, line 2)... 2,225,554
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
28,373 28,373  
12 Total. Add lines 1 through 11........ 3,430,931 3,422,547  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 260,091 195,068   65,023
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
57,069 0 0 57,069
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
15,775 0 0 15,775
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
139,108     139,108
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
69,099 20,183   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,664 5,899   42,265
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 591,806 221,150 0 319,240
25 Contributions, gifts, grants paid....... 2,355,179 2,355,179
26 Total expenses and disbursements. Add lines 24 and 25 2,946,985 221,150 0 2,674,419
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 483,946
b Net investment income (if negative, enter -0-) 3,201,397
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 11,901 1,000 1,000
2 Savings and temporary cash investments......... 3,480,116 3,826,283 3,826,283
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,818,357 Click to see attachment
List of Attached Documents:
// Content
4,909,756 		12,017,601
c Investments—corporate bonds (attach schedule)....... 2,311,469 Click to see attachment
List of Attached Documents:
// Content
1,903,132 		1,924,034
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).......... 18,490,522 Click to see attachment
List of Attached Documents:
// Content
19,623,981 		26,942,489
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,135,557 		Click to see attachment
List of Attached Documents:
// Content
1,850,604 		Click to see attachment
List of Attached Documents:
// Content
1,850,604
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,247,922 32,114,756 46,562,011
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 31,247,922 32,114,756
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)..... 31,247,922 32,114,756
30 Total liabilities and net assets/fund balances (see instructions). 31,247,922 32,114,756
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
31,247,922
2
Enter amount from Part I, line 27a .....................
2
483,946
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
409,957
4
Add lines 1, 2, and 3 ..........................
4
32,141,825
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
27,069
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
32,114,756
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 43. COSTCO WHOLESALE CORP COM   2021-03-25 2024-01-10
b 70. LULULEMON ATHLETICA INC   2022-08-10 2024-01-10
c 80. MASTERCARD INC     2024-01-10
d 141. NETFLIX.COM INC COM   2022-12-07 2024-01-10
e 402. PAYCOM SOFTWARE INC   2023-05-24 2024-01-10
9857.073 VANGUARD INTERNATIONAL GROWTH FUND   2023-01-24 2024-02-09
100000. CISCO SYSTEMS INC 3.625% 3/04/24   2015-10-13 2024-03-04
1343. COPART INC COM     2024-03-20
51. COSTCO WHOLESALE CORP COM     2024-03-20
151. DANAHER CORP COM   2022-12-07 2024-03-20
785. EDWARDS LIFESCIENCES CORP COM     2024-03-20
284. MARATHON PETROLEUM CORP   2023-05-24 2024-03-20
198. MARATHON PETROLEUM CORP   2019-05-20 2024-03-20
895. MATCH GROUP INC NEW     2024-03-20
156. CHUBB LIMITED COM     2024-03-20
3000. LANCASTER BAILEY 4% 01/01/2099   2024-04-05 2024-04-05
1500. LANCASTER BAILEY VAR% 01/01/2099   2024-04-05 2024-04-05
1500. LANCASTER BAILEY VAR% 01/01/2099   2024-04-05 2024-04-05
979.95 HANNON ERIN 4% 05/01/2022   2024-04-08 2024-04-08
700. AMERICAN TOWER CORP   2017-06-13 2024-04-17
15839.494 BAIRD AGGREGATE BOND FD INSTL   2020-06-16 2024-04-17
3806.155 VANGUARD 500 IDX ADML   2012-08-06 2024-04-17
147835.27 BAIRD AGGREGATE BOND FD INSTL     2024-04-29
100000. BANK OF NOVA SCOTIA 4.850% 2/01/30   2023-02-14 2024-04-29
900. ECOLAB INC   2020-08-03 2024-04-29
43066.323 PGIM TOTAL RETURN BOND CL R6     2024-04-29
548. AIRBNB INC CL A     2024-05-15
1470. CVS CORP COM   2023-03-28 2024-05-15
62. NETFLIX.COM INC COM   2022-12-07 2024-05-15
1462. SCHWAB CHARLES CORP NEW COM     2024-05-15
5922.75 LOPEZ KAREN 4% 01/01/2099   2024-06-05 2024-06-05
91.53 LINDSETH LANE 4% 01/01/2099   2024-06-06 2024-06-06
100000. MCDONALDS CORP MTN 3.250% 6/10/24     2024-06-10
722. GILEAD SCIENCES INC     2024-06-14
59. NETFLIX.COM INC COM   2022-12-07 2024-06-14
414. TRADE DESK INC THE CLASS A     2024-06-14
1046. WAL MART STORES INC     2024-06-14
1125. ECOLAB INC     2024-06-17
200. SPDR S P MIDCAP 400 ETF   2019-03-01 2024-06-17
1989.377 VANGUARD 500 IDX ADML   2012-08-06 2024-06-17
57.98 MARTIN NATHAN 1.75% 06/24/2024   2024-06-21 2024-06-21
16853.933 ARTISAN HIGH INCOME FUND   2022-03-11 2024-07-02
17797.553 ARTISAN HIGH INCOME FUND   2022-03-11 2024-07-23
52149.851 CREDIT SUISSE COMMODITY RETURN   2024-04-29 2024-07-23
507. AMERICAN TOWER CORP     2024-08-15
3450. MOBILEYE GLOBAL INC COMMON CLASS A     2024-08-15
756. NIKE INC CL B COM   2024-03-20 2024-08-15
306. SALESFORCE COM INC     2024-08-15
48. SERVICENOW INC   2022-03-04 2024-08-15
9. TRADE DESK INC THE CLASS A   2024-03-20 2024-08-15
366. TRADE DESK INC THE CLASS A   2019-11-05 2024-08-15
128. UNITEDHEALTH GRP INC COM     2024-08-15
400. ECOLAB INC   1970-12-25 2024-09-12
4900. INVESCO S P 500 EQUAL WEIGHT ETF   2024-04-29 2024-09-12
35. BLACKROCK INC COM   2022-08-03 2024-10-09
157. DANAHER CORP COM   2022-12-07 2024-10-09
65. NETFLIX.COM INC COM   2022-12-07 2024-10-09
158. S P GLOBAL INC COM     2024-10-09
100000. CATERPILLAR MTN 3.250% 12/01/24     2024-12-01
223. PALO ALTO NETWORKS INC   2022-08-03 2024-12-04
599. TARGET CORP     2024-12-04
322. TRADE DESK INC THE CLASS A   2024-03-20 2024-12-04
90. ZILLOW GROUP INC   2024-03-20 2024-12-04
986. ZILLOW GROUP INC   2021-11-05 2024-12-04
1038. APTIV PLC     2024-12-04
(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 28,876   14,665 14,211
b 33,882   22,339 11,543
c 34,046   28,336 5,710
d 67,180   43,163 24,017
e 81,109   112,998 -31,889
1,019,616   1,000,000 19,616
100,000   105,858 -5,858
75,731   33,593 42,138
37,338   16,845 20,493
37,837   35,941 1,896
72,556   79,699 -7,143
55,504   31,267 24,237
38,697   10,278 28,419
31,864   62,681 -30,817
40,427   23,281 17,146
    3,000 -3,000
    1,500 -1,500
    1,500 -1,500
    980 -980
120,060   90,754 29,306
150,792   185,951 -35,159
1,764,724   489,875 1,274,849
1,402,957   1,694,068 -291,111
97,246   98,382 -1,136
199,382   168,306 31,076
501,723   627,952 -126,229
79,504   65,043 14,461
82,143   108,856 -26,713
38,284   18,980 19,304
114,121   72,665 41,456
    5,923 -5,923
    92 -92
100,000   102,494 -2,494
46,554   44,924 1,630
39,500   18,061 21,439
39,374   12,044 27,330
69,909   30,979 38,930
268,514   117,074 151,440
105,793   69,924 35,869
1,007,799   256,045 751,754
    58 -58
150,000   161,629 -11,629
160,000   170,679 -10,679
1,159,291   1,225,000 -65,709
111,364   110,581 783
48,207   102,394 -54,187
61,740   75,430 -13,690
79,942   69,642 10,300
39,886   26,596 13,290
909   739 170
36,958   7,317 29,641
73,807   62,901 10,906
99,248     99,248
843,433   800,873 42,560
33,323   23,649 9,674
41,943   37,369 4,574
46,933   19,898 27,035
82,141   61,304 20,837
100,000   101,603 -1,603
89,517   39,086 50,431
77,849   98,186 -20,337
45,356   26,422 18,934
7,227   4,252 2,975
79,177   65,592 13,585
58,484   86,707 -28,223
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       14,211
b       11,543
c       5,710
d       24,017
e       -31,889
      19,616
      -5,858
      42,138
      20,493
      1,896
      -7,143
      24,237
      28,419
      -30,817
      17,146
      -3,000
      -1,500
      -1,500
      -980
      29,306
      -35,159
      1,274,849
      -291,111
      -1,136
      31,076
      -126,229
      14,461
      -26,713
      19,304
      41,456
      -5,923
      -92
      -2,494
      1,630
      21,439
      27,330
      38,930
      151,440
      35,869
      751,754
      -58
      -11,629
      -10,679
      -65,709
      783
      -54,187
      -13,690
      10,300
      13,290
      170
      29,641
      10,906
      99,248
      42,560
      9,674
      4,574
      27,035
      20,837
      -1,603
      50,431
      -20,337
      18,934
      2,975
      13,585
      -28,223
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 2,225,554
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 44,499
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 44,499
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 44,499
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 50,584
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 50,584
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 40
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 6,045
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow6,045 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow://www.idakorantrust.org/
14
The books are in care ofright arrowUS BANK NA Telephone no.right arrow (855) 452-4064

Located atright arrow800 NICOLLETT MALLMINNEAPOLISMN ZIP+4right arrow55402
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)
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
US BANK N A TRUSTEE
1 		260,091    
PO BOX 0634
MILWAUKEE,WI532010634
DIANA LEWIS TRUSTEE
1 		0    
301 KENWOOD PARKWAY 302
MINNEAPOLIS,MN55403
STEVE FRITZE TRUSTEE
1 		0    
645 HIDDEN CREEK TRAIL
MENDOTA HEIGHT,MN55118
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
SCHOLARSHIP AMERICA GRANT/LOAN MANAGEMEN 74,423
PO BOX 0634
MILWAUKEE,WI53201
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 HARDSHIP LOANS TO EMPLOYEES OF ECOLAB - LOANS ARE ACCORDING TO APPROVED CRITERIA 11,000
2 STUDENT LOANS TO DEPENDENTS OF ECOLAB EMPLOYEES - GRANTED ACCORDING TO APPROVED CRITERIA 150,275
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow161,275
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
40,866,169
b
Average of monthly cash balances.......................
1b
3,675,001
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
44,541,170
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
44,541,170
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
668,118
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,873,052
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,193,653
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
2,193,653
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
44,499
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
44,499
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,149,154
4
Recoveries of amounts treated as qualifying distributions................
4
392,224
5
Add lines 3 and 4............................
5
2,541,378
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
2,541,378
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
2,674,419
b
Program-related investments—total from Part VIII-B..................
1b
161,275
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,835,694
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 2,541,378
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,143,653
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,835,694
a Applied to 2023, but not more than line 2a 1,143,653
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,692,041
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		849,337
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 0
e Excess from 2024.... 0
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).)
NONE
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.
NONE
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:
IDA C KORAN STUDENT AID PROGRAM
P O BOX 297
ST PETER,MN56082
(800) 537-4180
bThe form in which applications should be submitted and information and materials they should include:
IDA C KORAN STUDENT LOAN APPLICATION
cAny submission deadlines:
FEBRUARY 18 CURRENT YEAR
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
DEPENDENT CHILDREN OF EMPLOYEES WITH 2 YEARS OF CONTINUOUS SERVICE
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
ADMINISTRATIVE COORDINATOR
370 WABASHA STREET
ST PAUL,MN55102
(651) 293-2392
bThe form in which applications should be submitted and information and materials they should include:
IDA C KORAN FINANCIAL ASSISTANCE APPLICATIONS
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
FULL TIME EMPLOYEES OR SURVIVING SPOUSE WITH 2 YEAR CONTINUOUS SERVICE
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

HARDSHIP GRANTS TO ECOLAB PASTPRESENT
EMPLOYEES
370 WABASHA STREET
ST PAUL,MN55102 		NONE I HARDSHIP GRANTS 850,411

SCHOLARSHIP AMERICA

P O BOX 297
ST PETER,MN56082 		NONE I ACADEMIC SCHOLARSHIPS 1,504,768
Total .................................right arrow 3a 2,355,179
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,173,004  
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 2,225,554  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME 		    1 3,645  
bFROM PARTNERSHIP/S     1 24,728  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   3,426,931  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,426,931
(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

TY 2024 AccountingFeesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 15,775     15,775

TY 2024 InvestmentsCorpBondsSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Name of Bond End of Year Book Value End of Year Fair Market Value
94974BGP9 WELLS FARGO CO MTN 101,109 99,194
58013MES9 MCDONALDS CORP MTN    
91324PCP5 UNITEDHEALTH GROUP 100,526 99,586
14912L6G1 CATERPILLAR MTN    
17275RAN2 CISCO SYSTEMS INC    
92826CAD4 VISA INC 101,251 98,865
031162DP2 AMGEN INC 99,561 100,728
06417XAP6 BANK OF NOVA SCOTIA    
20030NEB3 COMCAST CORP NEW 105,827 102,473
30231GBN1 EXXON MOBIL 86,302 89,099
30303M8H8 META PLATFORMS INC 92,610 92,934
370334CQ5 GENERAL MILLS INC 82,003 83,396
40434LAB1 HP INC 91,400 95,763
42824CBP3 HEWLETT PACKARD 99,473 100,989
458140BR0 INTEL CORP SR GLBL 94,384 93,690
49271VAF7 KEURIG DR PEPPER INC 97,868 99,118
501044DL2 KROGER CO 97,368 98,651
63743HFG2 NATIONAL RURAL MTN 101,010 100,175
68389XBM6 ORACLE CORP 91,894 96,949
701094AN4 PARKER HANNIFIN 90,497 93,614
74460WAE7 PUBLIC STORAGE 83,454 85,412
808513BW4 SCHWAB CHARLES CORP 92,736 97,127
902494BK8 TYSON FOODS INC 96,075 97,187
94106LBT5 WASTE MGMT INC 97,784 99,084

TY 2024 InvestmentsCorpStockSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Name of Stock End of Year Book Value End of Year Fair Market Value
278865100 ECOLAB INC   3,795,984
78409V104 S P GLOBAL INC COM 51,477 96,120
893641100 TRANSDIGM GROUP INC 19,990 96,313
03027X100 AMERICAN TOWER CORP 72,308 70,246
060505104 BANK OF AMERICA CORP 121,415 200,588
81762P102 SERVICENOW INC 73,748 188,701
G6095L109 APTIV PLC    
30303M102 FACEBOOK INC A 85,031 290,413
H1467J104 CHUBB LTD    
56585A102 MARATHON PETROLEUM C 77,066 63,333
594918104 MICROSOFT CORP 178,879 600,216
15135B101 CENTENE CORP COM 96,374 99,048
931142103 WAL MART STORES INC 54,485 174,918
023135106 AMAZON.COM INC 228,265 523,026
012653101 ALBEMARLE CORP 79,261 69,897
57636Q104 MASTERCARD INC 25,730 60,029
46625H100 J P MORGAN CHASE CO 126,976 249,778
808513105 SCHWAB CHARLES CORP 130,602 176,218
22160K105 COSTCO WHOLESALE COR 23,935 69,637
28176E108 EDWARDS LIFESCIENCES 64,272 63,370
91324P102 UNITEDHEALTH GROUP I 141,802 190,203
02079K305 ALPHABET INC CL A 158,185 424,032
037833100 APPLE INC 175,456 624,547
375558103 GILEAD SCIENCES INC    
88339J105 TRADE DESK INC THE C 80,406 134,454
461202103 INTUIT INC 40,191 66,621
57667L107 MATCH GROUP INC NEW    
87612E106 TARGET CORP COM 100,749 115,173
79466L302 SALESFORCE COM INC 50,811 109,995
217204106 COPART INC COM 74,779 103,589
98954M101 ZILLOW GROUP INC 34,441 51,650
67066G104 NVIDIA CORP 186,866 647,009
437076102 HOME DEPOT INC 147,720 208,499
009066101 AIRBNB INC CL A    
09247X101 BLACKROCK INC    
00724F101 ADOBE SYS INC 197,975 175,204
90353T100 UBER TECHNOLOGIES IN 93,651 183,976
235851102 DANAHER CORP 186,259 196,265
550021109 LULULEMON ATHLETICA 72,020 88,337
64110L106 NETFLIX.COM INC    
697435105 PALO ALTO NETWORKS I 67,233 144,840
65339F101 NEXTERA ENERGY INC 126,831 138,577
007903107 ADVANCED MICRO DEVIC 146,614 189,278
126650100 CVS HEALTH CORPORATI    
70432V102 PAYCOM SOFTWARE INC    
806857108 SCHLUMBERGER LTD COM 192,911 133,768
09290D101 BLACKROCK INC COM 85,137 129,164
127097103 COTERRA ENERGY INC 58,877 61,781
166764100 CHEVRON CORP COM 82,417 80,531
26142V105 DRAFTKINGS INC NEW 155,572 145,489
29444U700 EQUINIX INC 76,108 85,803
532457108 ELI LILLY CO 162,822 155,944
58733R102 MERCADOLIBRE INC 89,072 76,520
871607107 SYNOPSYS INC 68,732 66,009
922475108 VEEVA SYSTEMS INC-CL 118,017 119,632
92537N108 VERTIV HOLDINGS CO 151,067 198,249
G29183103 EATON CORP PLC SHS 77,221 84,627

TY 2024 InvestmentsOtherSchedule2
Name:
IDA KORAN TRUST
EIN:
41-6124022
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
98MSC15L3 IDR CORE EQUITY RE S AT COST 775,791 1,041,122
46432F842 ISHARES CORE MSCI EA AT COST 2,843,743 2,902,564
46434G103 ISHARES CORE MSCI EM AT COST 1,194,390 1,148,840
04314H568 ARTISAN HIGH INCOME AT COST 1,642,692 1,667,480
057071854 BAIRD AGGREGATE BOND AT COST 2,437,709 2,334,787
06828M876 BARON EMERGING MARKE AT COST 690,527 840,029
464287465 ISHARES MSCI EAFE ET AT COST 874,962 1,209,760
464287655 ISHARES RUSSELL 2000 AT COST 1,010,643 1,309,188
74440B884 PGIM TOTAL RETURN BO AT COST 1,720,805 1,509,569
78467Y107 SPDR S P MIDCAP 400 AT COST 1,278,891 2,050,488
921910501 VANGUARD INTERNATION      
922908710 VANGUARD 500 INDEX A AT COST 956,995 2,426,216
98MSCF1J1 PARTNERS GRP PRVT EQ AT COST 1,653,037 3,522,607
464288521 ISHARES CORE US REIT AT COST 306,660 355,322
464288885 ISHARES MSCI EAFE GR AT COST 1,007,136 987,666
861728400 STONE RIDGE HY REINS AT COST 1,230,000 1,223,148
99MSCPGB8 POINTER OFFSHORE LTD AT COST   2,413,703

TY 2024 LegalFeesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 57,069     57,069


TY 2024 OtherAssetsSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME 99,069 96,729 96,729
LOANS PROGRAM RELATED INVESTME 2,036,488 1,753,875 1,753,875


TY 2024 OtherDecreasesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Description Amount
ROC ON CY SALES 234
PY RETURN OF CAPITAL ADJUSTMENT 2,107
IDR CORE INCOME ADJUSTMENT 24,728


TY 2024 OtherExpensesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FROM PARTNERSHIP/S-CORP 5,899 5,899   0
TOUCHPOINT MEDIA EXPENSES 22,000 0   22,000
INSURANCE EXPENSES 8,566 0   8,566
SURVEY MONKEY EXPENSES 5,950 0   5,950
ATOMIC DATA EXPENSES 4,123 0   4,123
RENT & ROYALTY EXPENSES 2,533 0   33
STATE FILING FEE/TAX 25 0   25
OTHER EXPENSES 1,568 0   1,568


TY 2024 OtherIncomeSchedule2
Name:
IDA KORAN TRUST
EIN:
41-6124022
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 3,645 3,645  
FROM PARTNERSHIP/S-CORP 24,728 24,728  


TY 2024 OtherIncreasesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Description Amount
PY PURCHASE OF ACCRUED INTEREST 131
RETURNED LOAN FUNDS 15,248
LOANS WRITTEN OFF 52,617
IDR CORE DISTRIBUTIONS ADJUSTMENT 33,206
IDR CORE BASIS ADJUSTMENT 302,030
COST BASIS ADJUSTMENT 814
NUVEEN ADJUSTMENT 12
IDR CORE EXPENSE ADJUSTMENT 5,899


TY 2024 OtherProfessionalFeesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE SERVICES 34,190     34,190
SCHOLARSHIP AMERICA MANAGEMENT 74,423     74,423
ASPIRE MANAGEMENT 30,495     30,495


TY 2024 TaxesSchedule
Name:
IDA KORAN TRUST
EIN:
41-6124022
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 14,291 14,291   0
FEDERAL ESTIMATES - PRINCIPAL 48,916 0   0
FOREIGN TAXES ON NONQUALIFIED 5,892 5,892   0