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
Spell Family Foundation co William Spell
 
% WILLIAM SPELL
Number and street (or P.O. box number if mail is not delivered to street address)7201 Metro Blvd Suite 850
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Minneapolis, MN55439
A Employer identification number

41-1788155
B Telephone number (see instructions)

(612) 371-9650
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$11,982,314J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 317,355 317,355  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 213,426
b Gross sales price for all assets on line 6a 2,282,676
7 Capital gain net income (from Part IV, line 2)... 213,426
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-19,820 5,741  
12 Total. Add lines 1 through 11........ 2,510,961 536,522  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
7,661 0 0 7,661
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
43,596 43,596    
17 Interest............... 4,728 4,728    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,013 13    
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
3,487 886    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 74,485 49,223 0 7,661
25 Contributions, gifts, grants paid....... 547,524 547,524
26 Total expenses and disbursements. Add lines 24 and 25 622,009 49,223 0 555,185
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,888,952
b Net investment income (if negative, enter -0-) 487,299
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,471,162 934,748 934,748
3 Accounts receivable right arrow1,000
Less: allowance for doubtful accounts right arrow   1,000 1,000 1,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 728,375 Click to see attachment
List of Attached Documents:
// Content
619,230 		628,758
b Investments—corporate stock (attach schedule)....... 4,615,192 Click to see attachment
List of Attached Documents:
// Content
7,921,572 		8,619,636
c Investments—corporate bonds (attach schedule)....... 787,103 Click to see attachment
List of Attached Documents:
// Content
1,097,701 		1,115,894
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).......... 421,118 Click to see attachment
List of Attached Documents:
// Content
293,853 		682,278
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) 9,023,950 10,868,104 11,982,314
Liabilities 17 Accounts payable and accrued expenses.......... 19 364
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)......... 19 364
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 9,023,931 10,867,740
29 Total net assets or fund balances (see instructions)..... 9,023,931 10,867,740
30 Total liabilities and net assets/fund balances (see instructions). 9,023,950 10,868,104
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
9,023,931
2
Enter amount from Part I, line 27a .....................
2
1,888,952
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
10,912,883
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
45,143
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,867,740
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 ALLIVOIR INC   2023-06-23 2024-03-05
b AUTOZONE INC   2023-06-23 2024-03-05
c HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC   2023-06-23 2024-03-05
d TECK RESOURCES LIMITED   2023-06-23 2024-03-05
e MFO THORNBURG INTERNATIONAL VALUE FD   2023-06-23 2024-03-05
MFO VAN ECK EMERGING MARKETS-I   2023-06-23 2024-03-05
WINGSTOP INC COM   2024-03-08 2024-03-13
ELEMENT SOLUTION INC COM   2024-03-08 2024-03-26
ELEMENT SOLUTION INC COM   2024-03-08 2024-04-04
MATERION CORP COM   2024-03-08 2024-04-04
ALLISON TRANSMISSION HOLDING   2024-03-08 2024-04-08
BWX TECHNOLOGIES INC COM   2024-03-08 2024-04-08
MFO FEDERATED EQUITY FUNDS KAUFMAN SML IS   2023-06-23 2024-04-08
MFC ISHARES TR CMBS ETF CMBS ETF   2023-06-23 2024-04-08
MATCH GROUP INC NEW COM   2023-07-19 2024-04-08
PROGRESS SOFTWARE CORP   2023-06-23 2024-04-08
ULTA BEAUTY INC COM STK USD0.01   2023-06-27 2024-04-08
MFO ULTIMUS MANAGERS TRUST WESTWOOD QUALITY SMALLCAP FD   2023-06-23 2024-04-08
FLEXTRONICS INTL LTD ORD   2023-06-23 2024-04-08
ARISTA   2024-03-08 2024-04-12
WINGSTOP INC COM   2024-03-08 2024-05-03
WINGSTOP INC COM   2024-03-08 2024-05-08
BANK OZK COM   2024-03-08 2024-05-08
NEW ORLEANS LA SEW SVC REV   2023-07-11 2024-05-20
SHOE CARNIVAL INC COM   2024-03-08 2024-05-21
SHOE CARNIVAL INC COM   2024-03-08 2024-05-22
CRA INTL INC COM   2024-03-08 2024-05-23
BANK OZK COM   2024-03-08 2024-05-31
CARLISLE COMPANIES INC   2024-03-08 2024-06-03
LEMAITRE VASCULAR INC COM STK   2024-03-08 2024-06-06
PAPA JOHNS INTL INC COM   2024-03-08 2024-06-06
PAPA JOHNS INTL INC COM   2024-03-08 2024-06-12
BANK OZK COM   2024-03-08 2024-06-13
CASEYS GEN STORES INC   2024-03-08 2024-06-13
CRA INTL INC COM   2024-03-08 2024-06-14
BANK OZK COM   2024-03-08 2024-06-24
PAPA JOHNS INTL INC COM   2024-03-08 2024-06-24
BANK OZK COM   2024-03-08 2024-06-26
CRA INTL INC COM   2024-03-08 2024-07-01
ENSIGN GROUP INC COM STK   2024-03-08 2024-07-01
INTERPARFUMS INC   2024-03-08 2024-07-01
KINSALE CAP GROUP INC COM   2024-03-08 2024-07-01
NORTHERN OIL & GAS INC COM NEW   2024-03-08 2024-07-01
CHORD ENERGY CORPORATION COM USD0.01   2024-03-08 2024-07-01
STANDEX INTERNATIONAL CORP   2024-03-08 2024-07-01
UNIVERSAL DISPLAY CORP   2024-03-08 2024-07-01
UTZ BRANDS INC COM   2024-03-08 2024-07-01
BERKLEY W R CORP COM   2024-03-08 2024-07-11
CABLE ONE INC COM   2024-03-08 2024-07-12
UNIVERSAL DISPLAY CORP   2024-03-08 2024-07-26
CASEYS GEN STORES INC   2024-03-08 2024-07-29
STEVANATO GROUP S.P.A. COM NPV   2024-03-08 2024-07-29
CRA INTL INC COM   2024-03-08 2024-07-30
CRA INTL INC COM   2024-03-08 2024-07-31
ENSIGN GROUP INC COM STK   2024-03-08 2024-08-01
TETRA TECH INC NEW   2024-03-08 2024-08-06
INTERPARFUMS INC   2024-03-08 2024-08-16
INTERPARFUMS INC   2024-03-08 2024-08-22
STEVANATO GROUP S.P.A. COM NPV   2024-03-08 2024-08-26
COGENT COMMUNICATIONS HLDGS INC   2024-03-08 2024-09-03
INTERPARFUMS INC   2024-03-08 2024-09-04
CARMAX INC COM     2024-09-20
INTERPARFUMS INC   2024-03-08 2024-09-20
STEVANATO GROUP S.P.A. COM NPV   2024-03-08 2024-09-20
INTERPARFUMS INC   2024-03-08 2024-09-25
SHOE CARNIVAL INC COM   2024-03-08 2024-09-27
MOELIS & CO CL A CL A   2024-03-08 2024-10-02
STEVANATO GROUP S.P.A. COM NPV   2024-03-08 2024-10-04
INTERPARFUMS INC     2024-10-08
INTERPARFUMS INC   2024-03-08 2024-10-09
CHORD ENERGY CORPORATION COM USD0.01   2024-03-08 2024-10-11
INTERPARFUMS INC   2024-03-08 2024-10-17
CHORD ENERGY CORPORATION COM USD0.01   2024-03-08 2024-10-25
STEVANATO GROUP S.P.A. COM NPV   2024-03-08 2024-10-25
COGENT COMMUNICATIONS HLDGS INC   2024-03-08 2024-10-28
CHORD ENERGY CORPORATION COM USD0.01   2024-03-08 2024-10-28
CHORD ENERGY CORPORATION COM USD0.01   2024-03-08 2024-10-31
CIVITAS RES INC COM   2024-03-08 2024-11-13
TETRA TECH INC NEW   2024-03-08 2024-11-13
CIVITAS RES INC COM     2024-11-20
STANDEX INTERNATIONAL CORP   2024-03-08 2024-11-21
CIVITAS RES INC COM   2024-03-08 2024-11-26
COGENT COMMUNICATIONS HLDGS INC   2024-03-08 2024-11-26
HAMILTON LANE INC CL A CL A   2024-03-08 2024-12-02
COGENT COMMUNICATIONS HLDGS INC   2024-03-08 2024-12-11
CARMAX INC COM   2024-03-08 2024-12-17
CIVITAS RES INC COM   2024-03-08 2024-12-20
VALMONT INDS INC COM   2024-03-08 2024-12-20
HP INC COM   2022-09-26 2024-04-05
AUTOZONE INC   2023-06-23 2024-08-12
BROWNSVILLE TEX UTIL SYS REV   2023-08-11 2024-08-12
MFC ISHARES MBS ETF   2023-08-11 2024-08-12
MFO VANGUARD DEVELOPED MARKETS INDEX ADMR   2023-06-23 2024-11-14
APPLOVIN CORP COM CL A COM CL A   2023-06-23 2024-12-27
CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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CAPITAL GAIN DIVIDENDS P    
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(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,148   5,363 -4,215
b 40,020   31,341 8,679
c 5,637   5,260 377
d 22,040   22,252 -212
e 780,000   722,388 57,612
467,163   435,231 31,932
1,038   1,080 -42
1,040   1,007 33
1,164   1,103 61
898   934 -36
1,239   1,126 113
797   826 -29
90,662   81,243 9,419
34,456   34,164 292
23,140   32,647 -9,507
31,825   34,425 -2,600
20,860   21,237 -377
126,926   113,160 13,766
10,032   6,734 3,298
6,239   6,338 -99
778   720 58
1,367   1,352 15
801   747 54
82,462   80,750 1,712
103   94 9
373   345 28
511   423 88
662   703 -41
5,705   5,034 671
475   407 68
1,028   1,542 -514
577   841 -264
692   791 -99
1,504   1,209 295
505   423 82
1,148   1,275 -127
710   1,051 -341
817   923 -106
168   141 27
495   500 -5
115   140 -25
390   527 -137
300   292 8
506   486 20
471   530 -59
208   171 37
149   159 -10
28   28  
1,693   2,224 -531
1,139   854 285
774   604 170
646   991 -345
359   282 77
355   282 73
557   500 57
1,154   934 220
639   698 -59
747   837 -90
746   1,141 -395
1,113   1,034 79
864   977 -113
4,712   5,049 -337
716   837 -121
713   1,111 -398
732   837 -105
653   470 183
4,787   3,673 1,114
745   1,171 -426
244   279 -35
364   419 -55
1,073   1,296 -223
703   837 -134
1,030   1,296 -266
660   1,141 -481
896   711 185
884   1,134 -250
882   1,134 -252
1,277   1,736 -459
854   673 181
814   1,111 -297
806   707 99
714   972 -258
743   573 170
761   435 326
2,055   1,718 337
5,014   4,886 128
642   1,041 -399
615   430 185
13,817   11,887 1,930
40,314   31,341 8,973
29,324   28,845 479
103,702   103,050 652
200,200   184,108 16,092
49,964   3,521 46,443
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
      31,074
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       -4,215
b       8,679
c       377
d       -212
e       57,612
      31,932
      -42
      33
      61
      -36
      113
      -29
      9,419
      292
      -9,507
      -2,600
      -377
      13,766
      3,298
      -99
      58
      15
      54
      1,712
      9
      28
      88
      -41
      671
      68
      -514
      -264
      -99
      295
      82
      -127
      -341
      -106
      27
      -5
      -25
      -137
      8
      20
      -59
      37
      -10
       
      -531
      285
      170
      -345
      77
      73
      57
      220
      -59
      -90
      -395
      79
      -113
      -337
      -121
      -398
      -105
      183
      1,114
      -426
      -35
      -55
      -223
      -134
      -266
      -481
      185
      -250
      -252
      -459
      181
      -297
      99
      -258
      170
      326
      337
      128
      -399
      185
      1,930
      8,973
      479
      652
      16,092
      46,443
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 213,426
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 6,773
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  
3 Add lines 1 and 2........................... 3 6,773
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 6,773
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,180
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,180
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 47
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 8,360
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow8,360 Refundedright arrow 11  
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? Click to see attachment
List of Attached Documents:
// Content
....................
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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowWILLIAM SPELL Telephone no.right arrow (612) 371-9650

Located atright arrow7201 METRO BLVD SUITE 850MINNEAPOLISMN ZIP+4right arrow55439
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
WILLIAM SPELL PRESIDENT/CEO
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
DIANNE SPELL SECRETARY
0 		0 0 0
4706 WHITE OAKS ROAD
EDINA,MN55424
HARRY SPELL II DIRECTOR/CFO
0 		0 0 0
5320 Elmridge Circle
Shorewood,MN55331
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
 
Total number of other employees paid over $50,000...................right arrow  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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 NONE  
2 NONE  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
8,471,661
b
Average of monthly cash balances.......................
1b
1,283,238
c
Fair market value of all other assets (see instructions)................
1c
557,311
d
Total (add lines 1a, b, and c).........................
1d
10,312,210
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
10,312,210
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
154,683
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
10,157,527
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
507,876
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
507,876
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,773
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,773
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
501,103
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
501,103
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
501,103
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
555,185
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
555,185
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 7 501,103
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:2022, 2021, 2020 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 21,437
b From 2020......  
c From 2021...... 17,595
d From 2022......  
e From 2023...... 571,773
f Total of lines 3a through e ........ 610,805
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 555,185
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 501,103
e Remaining amount distributed out of corpus 54,082
5 Excess distributions carryover applied to 2024.    
(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 5 664,887
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...... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		21,437
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		643,450
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021.... 17,595
c Excess from 2022....  
d Excess from 2023.... 571,773
e Excess from 2024.... 54,082
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).)
WILLIAM SPELL
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:
WILLIAM SPELL
7201 Metro Blvd Suite 850
MINNEAPOLIS,MN55439
(612) 371-9650
bThe form in which applications should be submitted and information and materials they should include:
LETTER REQUESTING FUNDS SHOULD CONTAIN NATURE OF GIFT AND INFORMATION ON THE ORGANIZATION. SEND TO: WILLIAM SPELL 7201 METRO BLVD, SUITE 850 MINNEAPOLIS, MN 55439 612-371-9650
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
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

ST MARYS GREEK ORTHODOX CHURCH

3450 IRVING AVE SOUTH
Minneapolis,MN55408 		  PC General Operating Support 61,833

CENTER OF THE AMERICAN EXPERIMENT

8441 WAYZATA BLVD SUITE 350
GOLDEN VALLEY,MN55426 		  PC Education Program Support 8,500

Holy Trinity Greek Orthodox Cathedral

1973 Maryland Avenue
Phoenix,AZ85016 		  PC General Operating Support 3,000

SAE Minnesota Alpha Education Fund

1815 University Ave SE
Minneapolis,MN55414 		  PC General Operating Support 10,000

The Hellenic Institute

1220 16th Street NW
Washington,DC20036 		  PC General Operating Support 100,000

Friends of the Hogar Rafael Ayau

939 W North Avenue
Suite 750
Chicago,IL60642 		  PC General Operating Support 11,500

MN Fraternal Order of Police Foundation

PO BOX 270026
Golden Valley,MN55427 		  PC General Operating Support 500

Greek Orthodox Church of St John the Baptist

143 East 17th Street
New York,NY10003 		  PC General Operating Support 5,300

Hellenic College - Holy Cross Greek Orthodox

50 Goddard Avenue
Brookline,MA02445 		  PC General Operating Support 100,000

Greek Orthodox Metropolis of Chicago

555 E Butterfield Road Suite 201
Lombard,IL60148 		  PC General Operating Support 100,000

Fordham University-Orthodox Christian Studies Ctr

441 E Fordham Rd
Bronx,NY10458 		  PC General Operating Support 10,000

St Thomas More Play Group

65 East 89th Street
New York,NY10128 		  PC General Operating Support 10,000

St Nicholas Greek Orthodox Church

130 Liberty Street
New York,NY10006 		  PC General Operating Support 25,000

Laestadian Lutheran Church

1890 County Rd 39 NE
Monticello,MN55362 		  PC Stained Glass windows donated for the use in a new chapel. 58,241

Homeward Bound

12805 Highway 55 Suite 400
Plymouth,MN554413868 		  PC General Operating Support 500

St George Greek Orthodox

1111 Summit Avenue
St Paul,MN55105 		  PC General Operating Support 22,250

Memorial Sloan Kettering Cancer Center

1275 York Avenue
New York,NY10065 		  PC Support The MSK Campaign: Leading Science Changing Lives 7,400

American Assoc of the St Catherine Foundation

712 5th Avenue Bsmt
New York,NY10019 		  PC General Operating Fund 500

Friends of the MN Orchestra

1111 Nicollet Mall
Minneapolis,MN55403 		  PC General Operating Support 250

Greek Orthodox Archdiocese of America

8 E 79th Street
New York,NY10075 		  PC General Operating Support 10,000

Higher Ground

100 Leadville Ave Suite 100
Ketchum,ID83340 		  PC General Operating Support 2,000

Breakthrough T1D Formerly JDRF

PO Box 5021
Hagerstown,MD217415021 		  PC General Operating Support 500

Metropolis Chicago Philoptochos

555 Butterfield Rd Suite 201
Lombard,IL60148 		  PC General Operating Support 250
Total .................................right arrow 3a 547,524
bApproved for future payment

Center For The American Experiment
8441 Wayzata Blvd Suite 350
Golden Valley,MN55426 		  PC General Operating Support 0

Greek Orthodox Metropolis of Chicago Foundation
555 Butterfield Rd Suite 201
Lombard,IL60148 		  PC Board Designated Fund and Capital Support 0
Total ................................. right arrow 3b 909,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
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 ....     14 317,355  
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 ............ 		    18 213,426  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME 		523000   18 -19,820  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   510,961  
13Total. Add line 12, columns (b), (d), and (e)..................
13
510,961
(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
Spell Family Foundation co William Spell
 
Employer identification number

41-1788155
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
Spell Family Foundation co William Spell
  		Employer identification number
41-1788155
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
WILLIAM SPELL
4706 WHITE OAKS ROAD
 
EDINA, MN55424

$ 1,376,641


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DIANNE SPELL
4706 WHITE OAKS ROAD
 
EDINA, MN55424

$ 623,359


(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
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 508 Shares of Packaging Corp of America $ 120,955 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 485 Shares of Applovin $ 157,368 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 987 Shares of Bellring Brands $ 76,986 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 639 Shares of Applovin $ 207,336 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 500 Shares of Packaging Corp of America $ 119,050 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 1,464 Shares of Bellring Brands $ 114,192 2024-12-16
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
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
2
 572 Shares of Vistra Corp $ 82,877 2024-12-16
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 2,603 Shares of Flex LTD $ 99,903 2024-12-16
(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
Spell Family Foundation co William Spell
  		Employer identification number

41-1788155
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 AllOthProgRltdInvestmentsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount
NONE  

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 InvestmentsCorpBondsSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 1,097,701 1,115,894
(SEE ATTACHED)    

TY 2024 InvestmentsCorpStockSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 7,921,572 8,619,636
(SEE ATTACHED)    

TY 2024 InvestmentsGovtObligationsSch
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
US Government Securities - End of Year Book Value:

136,508
US Government Securities - End of Year Fair Market Value:

136,541
State & Local Government Securities - End of Year Book Value:


482,722
State & Local Government Securities - End of Year Fair Market Value:


492,217


TY 2024 InvestmentsOtherSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ENERGY TRANSFER FMV 149,936 506,329
SBIC FMV 143,917 175,949
OTHER INVESTMENTS AT COST    

TY 2024 LegalFeesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 7,661 0   7,661


TY 2024 OtherDecreasesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Amount
DONATED STOCK ADJUSTMENT (SALE) 45,143


TY 2024 OtherExpensesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE 3,120 519    
PORTFOLIO DEDUCTIONS K1 367 367    


TY 2024 OtherIncomeSchedule2
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASS THROUGH INCOME -19,820 5,741  


TY 2024 OtherLiabilitiesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Description Beginning of Year - Book Value End of Year - Book Value
INVESTMENT 4 - BOOK VALUE RECL    


TY 2024 OtherProfessionalFeesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 43,596 43,596    


TY 2024 TaxesSchedule
Name:
Spell Family Foundation co William Spell
EIN:
41-1788155
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 13 13    
FEDERAL EXCISE TAX 15,000