TY 2024 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	463,176	463,176
4	Dividends and interest from securities...	4,781,715	7,216,206
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-4,665,513
b	Gross sales price for all assets on line 6a 139,040,561
7	Capital gain net income (from Part IV, line 2)...		463,995
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).......	List of Attached Documents: // Content	0	-114,232
12	Total. Add lines 1 through 11........	579,378	8,029,145	0
	13	Compensation of officers, directors, trustees, etc.	20,000	10,000	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	90,438	62,905	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	1,517,286	1,275,010	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	397,581	98,277	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	30,054	213,805	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,055,359	1,659,997	0	0
25	Contributions, gifts, grants paid.......	8,112,499			13,000,000
26	Total expenses and disbursements. Add lines 24 and 25	10,167,858	1,659,997	0	13,000,000
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-9,588,480
b	Net investment income (if negative, enter -0-)		6,369,148
c	Adjusted net income (if negative, enter -0-)...			0

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
	1	Cash—non-interest-bearing.............	252,328	818,921	818,921
2	Savings and temporary cash investments.........	4,269,233	5,610,153	5,610,153
3	Accounts receivable 70,889,671
	Less: allowance for doubtful accounts	315,331	70,889,671	70,889,671
4	Pledges receivable
	Less: allowance for doubtful accounts
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)
	Less: allowance for doubtful accounts
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).......	231,380,979	List of Attached Documents: // Content 198,533,520	198,533,520
c	Investments—corporate bonds (attach schedule).......
11	Investments—land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
12	Investments—mortgage loans.............
13	Investments—other (attach schedule)..........	18,951,625	List of Attached Documents: // Content 31,493,638	31,493,638
14	Land, buildings, and equipment: basis
	Less: accumulated depreciation (attach schedule)
15	Other assets (describe )
16	Total assets (to be completed by all filers—see the
	instructions. Also, see page 1, item I)	255,169,496	307,345,903	307,345,903
	17	Accounts payable and accrued expenses..........	160,300	42,793,244
18	Grants payable.................	15,937,721	11,049,770
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 )	List of Attached Documents: // Content 78,455	List of Attached Documents: // Content 327,116
23	Total liabilities (add lines 17 through 22).........	16,176,476	54,170,130
		Foundations that follow FASB ASC 958, check here
	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
	and complete lines 26 through 30.
26	Capital stock, trust principal, or current funds........	0	0
27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
28	Retained earnings, accumulated income, endowment, or other funds	238,993,020	253,175,773
29	Total net assets or fund balances (see instructions).....	238,993,020	253,175,773
30	Total liabilities and net assets/fund balances (see instructions).	255,169,496	307,345,903

(e) Gross sales price	(f) Depreciation allowed (or allowable)	(h) Gain or (loss) (e) plus (f) minus (g)
a	13,998	21,067	-7,069
b	28,521	16,066	12,455
c	21,055	16,475	4,580
d	944,058	859,894	84,164
e	237,346	202,925	34,421
	125,843	125,573	270
	76,266	42,676	33,590
	35,141	30,849	4,292
	183,800	116,355	67,445
	42,162	43,976	-1,814
	110,831	163,501	-52,670
	40,345	33,421	6,924
	32,095	24,536	7,559
	24,929	24,174	755
	37,146	34,041	3,105
	360,330	581,909	-221,579
	40,487	31,335	9,152
	933,505	697,559	235,946
	23,835	22,908	927
	83,079	64,130	18,949
	847,218	522,531	324,687
	21,923	22,469	-546
	195,575	278,254	-82,679
	40,883	29,439	11,444
	168,008	137,682	30,326
	61,190	36,590	24,600
	237,692	207,954	29,738
	97,536	152,271	-54,735
	23,656	24,458	-802
	177,979	120,404	57,575
	253,190	180,566	72,624
	19,661	11,441	8,220
	37,506	35,525	1,981
	22,763	25,338	-2,575
	36,436	33,174	3,262
	41,519	28,445	13,074
	89,480	88,321	1,159
	39,671	28,739	10,932
	623,972	316,231	307,741
	41,135	38,147	2,988
	292,984	344,167	-51,183
	162,904	156,852	6,052
	92,586	111,935	-19,349
	1,027,498	787,283	240,215
	63,783	79,607	-15,824
	35,385	42,593	-7,208
	84,012	89,184	-5,172
	41,010	41,774	-764
	727,362	456,416	270,946
	13,433	15,173	-1,740
	69,321	91,602	-22,281
	221,293	497,004	-275,711
	25,624	27,053	-1,429
	3,150,000	3,031,237	118,763
	215,213	271,018	-55,805
	45,586	53,372	-7,786
	215,731	85,270	130,461
	168,653	228,715	-60,062
	348,718	392,352	-43,634
	36,354	32,445	3,909
	248,163	393,788	-145,625
	57,198	67,709	-10,511
	24,253	24,925	-672
	51,942	31,645	20,297
	18,012	17,991	21
	43,836	29,083	14,753
	1,766	1,090	676
	21,339	21,065	274
	32,890	35,796	-2,906
	20,559	17,695	2,864
	73,864	74,386	-522
	739,682	620,111	119,571
	28,824	24,038	4,786
	33,668	33,015	653
	16,749	14,286	2,463
	35,506	34,268	1,238
	345,249	248,739	96,510
	22,542	25,392	-2,850
	463,560	471,780	-8,220
	70,061	66,308	3,753
	20,836	19,299	1,537
	23,147	22,471	676
	49,922	54,347	-4,425
	800,306	537,581	262,725
	20,631	18,149	2,482
	20,752	20,626	126
	19,891	21,301	-1,410
	16,070	20,556	-4,486
	170,291	120,900	49,391
	599,917	604,053	-4,136
	775,658	789,096	-13,438
	19,934	5,671	14,263
	339,788	316,837	22,951
	494,904	773,638	-278,734
	530,183	461,920	68,263
	46,782	52,427	-5,645
	311,404	354,689	-43,285
	9,550,000	8,993,556	556,444
	11,859	20,992	-9,133
	23,914	26,266	-2,352
	35,251	18,757	16,494
	28,467	24,280	4,187
	21,271	17,907	3,364
	21,326	20,683	643
	69,976	46,887	23,089
	756,889	750,805	6,084
	87,947	34,471	53,476
	17,557	20,975	-3,418
	87,184	139,436	-52,252
	15,962	18,351	-2,389
	167,993	242,603	-74,610
	19,726	20,529	-803
	569,677	763,270	-193,593
	193,592	147,928	45,664
	117,931	93,092	24,839
	331,618	168,102	163,516
	20,421	15,892	4,529
	43,547	41,870	1,677
	193,121	80,668	112,453
	64,788	94,497	-29,709
	16,251	18,795	-2,544
	44,916	38,867	6,049
	94,240	76,727	17,513
	20,801	16,671	4,130
	19,417	18,666	751
	84,249	89,091	-4,842
	17,829	19,177	-1,348
	16,421	16,513	-92
	59,909	65,747	-5,838
	15,340	4,994	10,346
	41,170	45,692	-4,522
	40,232	38,570	1,662
	23,451	21,648	1,803
	25,249	26,323	-1,074
	11,400,000	11,284,307	115,693
	19,796	18,046	1,750
	924	1,505	-581
	155,162	240,621	-85,459
	19,245	21,011	-1,766
	359,186	340,798	18,388
	21,285	19,231	2,054
	59,676	54,064	5,612
	949,306	591,728	357,578
	286,155	378,968	-92,813
	213,764	225,819	-12,055
	42,470	44,659	-2,189
	59,857	57,762	2,095
	38,066	42,471	-4,405
	35,614	32,480	3,134
	40,814	42,791	-1,977
	251,251	233,264	17,987
	88,559	74,306	14,253
	135,249	131,639	3,610
	56,148	90,108	-33,960
	411,909	468,390	-56,481
	37,299	54,116	-16,817
	20,972	12,634	8,338
	19,813	27,701	-7,888
	514,967	314,317	200,650
	18,180,799	17,305,781	875,018
	5,696,423	6,043,148	-346,725
	20,422	14,663	5,759
	33,081	31,371	1,710
	331,529	337,329	-5,800
	12,874	20,617	-7,743
	8,970	8,254	716
	432,211	525,456	-93,245
	15,575	28,692	-13,117
	576,091	729,619	-153,528
	11,168	19,212	-8,044
	114,891	110,308	4,583
	20,120	18,420	1,700
	24,068	18,328	5,740
	256,844	244,837	12,007
	337,673	198,921	138,752
	16,740	17,890	-1,150
	281,182	262,763	18,419
	99,008	70,657	28,351
	12,865,135	17,210,859	-4,345,724
	71,149	61,429	9,720
	7,635	18,578	-10,943
	22,058	19,636	2,422
	2,279	2,016	263
	422,110	310,688	111,422
	19,812	12,222	7,590
	79,189	91,727	-12,538
	116,948	122,129	-5,181
	40,809	47,418	-6,609
	31,187	25,884	5,303
	1,288,390	701,938	586,452
	19,259	17,950	1,309
	519,678	355,394	164,284
	15,795	5,365	10,430
	22,593	19,901	2,692
	7,886	12,367	-4,481
	237,577	183,692	53,885
	650,322	471,996	178,326
	456,049	593,399	-137,350
	138,792	288,755	-149,963
	62,727	65,700	-2,973
	21,062	22,209	-1,147
	20,567	18,169	2,398
	224,576	200,510	24,066
	163,780	76,821	86,959
	48,389	66,582	-18,193
	3,840,369	4,876,437	-1,036,068
	388,154	338,917	49,237
	78,993	80,575	-1,582
	66,685	66,625	60
	637,135	512,519	124,616
	50,568	51,908	-1,340
	24,100	13,826	10,274
	320,883	116,173	204,710
	72,256	66,566	5,690
	13,230	19,048	-5,818
	11,124	24,937	-13,813
	38,608	34,406	4,202
	219,926	202,651	17,275
	15,467	18,277	-2,810
	10,745	9,949	796
	20,462	20,794	-332
	45,650	40,190	5,460
	21,067,949	24,690,113	-3,622,164
	225,446	136,854	88,592
	355,124	361,240	-6,116
	139,883	142,165	-2,282
	120,713	131,734	-11,021
	16,731	20,410	-3,679
	171,421	279,175	-107,754
	20,121	21,218	-1,097
	22,455	17,832	4,623
	13,892	18,732	-4,840
	120,645	92,692	27,953
	110,235	121,516	-11,281
	21,270	20,611	659
	43,205	39,259	3,946
	137,837	124,058	13,779
	851,577	353,778	497,799
	141,949	130,615	11,334
	7,742	7,914	-172
	27,077	16,570	10,507
	64,524	59,620	4,904
	20,795	21,614	-819
	143,908	175,446	-31,538
	387,858	463,404	-75,546
	28,256	36,607	-8,351
	24,411	24,673	-262
	20,787	18,309	2,478
	55,741	43,543	12,198
	16,227	20,831	-4,604
	17,878	18,774	-896
	38,866	39,380	-514
	68,975	83,599	-14,624
	18,222	19,746	-1,524
	63,237	68,213	-4,976
	26,406	19,381	7,025
	29,658	26,490	3,168
	5,129,282	4,941,624	187,658
	62,330	52,222	10,108
	548,078	795,135	-247,057
	31	23	8
	19,579	20,026	-447
	20,663	18,657	2,006
	27,692	33,616	-5,924
	503,251	426,788	76,463
	21,028	19,550	1,478
	354,336	443,807	-89,471
	30,672	35,726	-5,054
	16,730	19,549	-2,819
	227,311	187,712	39,599
	19,750	19,420	330
	60,401	63,079	-2,678
	203,385	308,934	-105,549
	11,849	38,032	-26,183
	42,562	46,300	-3,738
	121	87	34
	37,000	38,539	-1,539
	424,017	396,392	27,625
	20,463	20,347	116
	10,957	18,046	-7,089
	84,507	81,159	3,348
	36,334	53,473	-17,139
	43,367	52,594	-9,227
	22,361	20,894	1,467
	277,748	210,877	66,871
	20,294	17,811	2,483
	41,273	42,234	-961
	26,063	21,665	4,398
	14,687	20,374	-5,687
	86,271	135,953	-49,682
	308,110	217,279	90,831
	41,433	41,818	-385
	34,626	33,573	1,053
	27,053	13,660	13,393
	88,602	164,511	-75,909
	383,338	216,345	166,993
	39,389	46,027	-6,638
	355,418	342,103	13,315
	125,648	90,883	34,765
	27,880	16,391	11,489
	16,122	14,378	1,744
	20,270	20,548	-278
	1,038,480	593,170	445,310
	19,898	21,136	-1,238
	44,761	45,123	-362
	23,475	41,505	-18,030
	25,672	10,605	15,067
	105,141	89,295	15,846
	35,899	12,618	23,281
	179,333	182,586	-3,253
	45,400	42,597	2,803
	3,222,564	4,355,099	-1,132,535
	97,759	82,178	15,581
	20,748	10,766	9,982
	672	1,213	-541
	299,995	235,539	64,456
	10,252	19,614	-9,362
	21,840	38,434	-16,594
	11,562	20,746	-9,184
	62,217	78,265	-16,048
	24,769	36,863	-12,094
	241,668	172,172	69,496
	17,237	21,275	-4,038
	38,757	49,166	-10,409
	19,817	17,473	2,344
	258,618	281,321	-22,703
	20,897	36,011	-15,114
	59,528	49,274	10,254
	33,445	31,985	1,460
	31,233	37,177	-5,944
	32,774	30,087	2,687
	216,797		216,797
	5,129,508		5,129,508

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	463,995
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 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	88,531
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	88,531
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	88,531
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	99,871
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	64,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	163,871
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	75,340
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax75,340	Refunded	11	0

(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
COLLEEN MAY END 1224	DIRECTOR, PRESIDENT 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
BEN AASE	DIRECTOR 1.00	10,000	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
SHEILA RIGGS	DIRECTOR 1.00	10,000	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
ROGER WATCHORN	DIRECTOR, TREASURER/VP 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
ANNA RICHO END 724	DIRECTOR, SECRETARY/VP 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
KOJO AMOO-GOTTFRIED	DIRECTOR, VICE PRESIDENT 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
SUSAN MERCER END 1224	DIRECTOR, VICE PRESIDENT 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650
STEPH LUNDQUIST BEGIN 724	DIRECTOR, VICE PRESIDENT 1.00	0	0	0
PO BOX 5650 MINNEAPOLIS,MN554405650


GOLDMAN SACHS	MANAGEMENT SERVICES	776,603
200 WEST STREET 35TH FL NEW YORK,NY10282
ARTISIAN PARTNERS LTD	MANAGEMENT SERVICES	103,962
875 E WISCONSIN AVENUE STE 800 MILWAUKEE,WI53202
ALLIANCEBERNSTEIN	MANAGEMENT SERVICES	97,271
225 SOUTH SIXTH STREET STE 2500 MINNEAPOLIS,MN55402
KPMG LLP	AUDIT AND TAX SERVICES	90,438
90 S 7TH STREET SUITE 4200 MINNEAPOLIS,MN55402
OWNERSHIP CAPITAL GLOBAL	MANAGEMENT SERVICES	65,893
1209 ORANGE STREET WILMINGTON,DE19801

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
30000 FEET 1351 ARCADE ST SAINT PAUL,MN55106		PC	TECH GEEKS	100,000
30000 FEET 1351 ARCADE ST SAINT PAUL,MN55106		PC	TECH GEEKS	100,000
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	STEM FOR ALL	285,600
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	CAREER AND COLLEGE READINESS MINNEAPOLIS (MPS) AND SAINT PAUL PUBLIC SCHOOLS (SPPS)	708,333
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	CAREER AND COLLEGE READINESS: INCREASING FAFSA COMPLETION, STUDENT CONFIDENCE, AND ACHIEVE CAPACITY FOR MINNEAPOLIS-SAINT PAULS FUTURE	235,000
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	GIFT IN HONOR OF MICHELLE GROGG	100,000
APPETITE FOR CHANGE INC 2520 N 2ND ST 102 MINNEAPOLIS,MN55411		PC	APPETITE FOR CHANGE - CHILDHOOD NUTRITION FROM THE GROUND UP	250,000
ATHLETES COMMITTED TO EDUCATING STUDENTS (ACES) 1115 E HENNEPIN AVENUE MINNEAPOLIS,MN55414		PC	ACES STEM PROGRAMMING	175,000
BANYAN FOUNDATION 2647 BLOOMINGTON AVE MINNEAPOLIS,MN55407		PC	BANYAN'S ACES (ADOLESCENT EDUCATION SUPPORT) PROGRAM	85,000
BESTPREP 7100 NORTHLAND CIRCLE N 306F BROOKLYN PARK,MN55428		PC	BESTPREP'S CLASSROOM PLUS, CLOUD COACH, EMENTORS, AND MINNESOTA BUSINESS VENTURE PROGRAMS	65,000
BIG BROTHERS BIG SISTERS OF THE GREATER TWIN CITIES 3110 WASHINGTON AVE N MINNEAPOLIS,MN55411		PC	BBBS BEYOND SCHOOL WALLS AND STEM EXPLORE PROGRAMS	75,000
BLACK MEN TEACH PO BOX 3909 SAINT PAUL,MN55101		PC	BLACK MEN TEACH: DIVERSIFYING THE TEACHER PIPELINE	50,000
BREAKTHROUGH TWIN CITIES 2051 LARPENTEUR AVE SAINT PAUL,MN55109		PC	INCREASING IMPACT AND COLLEGE ACCESS	217,500
CENTRO TYRONE GUZMAN 1915 CHICAGO AVE MINNEAPOLIS,MN55404		PC	CENTRO FAMILY NUTRITION PROGRAM	64,000
CHANGE STARTS WITH COMMUNITY 1201 WEST BROADWAY STE 2 MINNEAPOLIS,MN55411		PC	SHILOH CARES CAPITAL IMPROVEMENT CAMPAIGN	150,000
CHANGE STARTS WITH COMMUNITY 1201 WEST BROADWAY STE 2 MINNEAPOLIS,MN55411		PC	SHILOH CARES FOOD SHELF	200,000
CHARITIES REVIEW COUNCIL 2550 UNIVERSITY AVE W STE 200 N SAINT PAUL,MN55114		PC	GENERAL OPERATIONS & STRATEGIC INITIATIVES	15,000
CHILDREN'S THEATRE COMPANY 2400 3RD AVE S MINNEAPOLIS,MN55404		PC	2024-2025 GENERAL OPERATING SUPPORT	50,000
CODE SAVVY PO BOX 16628 MINNEAPOLIS,MN55416		PC	SUSTAINABLE GROWTH INITIATIVE FOR TECH DIVERSITY	130,000
COLLEGE POSSIBLE 755 PRIOR AVE NORTH STE 210 SAINT PAUL,MN55104		PC	COLLEGE ACCESS & SUCCESS PROGRAMMING AND FAFSA SUPPORT SERVICES	450,000
COMUNIDADES LATINAS UNIDAS EN SERVICIO 461 MARIA AVE SAINT PAUL,MN55106		PC	YOUTH IN ACTION (YA!)	60,000
DREAM OF WILD HEALTH 1508 E FRANKLIN AVE MINNEAPOLIS,MN55404		PC	NATIVE YOUTH EDUCATION & LEADERSHIP	87,500
DREAM OF WILD HEALTH 1508 E FRANKLIN AVE MINNEAPOLIS,MN55404		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	5,000
FAMILY PATHWAYS 6413 OAK STREET NORTH BRANCH,MN55056		PC	CARGILL CARES ALUMNI AWARD RECIPIENT GIFT (CEAL REGNIER)	500
FRIENDS OF THE MISSISSIPPI RIVER 106 WATER ST W SAINT PAUL,MN55107		PC	STEM RIVER STEWARDS (SRS)	75,000
GENESYS WORKS 445 MINNESOTA ST SAINT PAUL,MN55101		PC	GENESYS WORKS TWIN CITIES COLLEGE AND CAREER CONNECTIONS	60,000
GREATER TWIN CITIES UNITED WAY 404 8TH ST S MINNEAPOLIS,MN55404		PC	A SYSTEMS CHANGE HUB FOR RACIAL EQUITY IN POSTSECONDARY ATTAINMENT ACROSS THE TWIN CITIES	100,000
GREENLIGHT FUND INC 404 SOUTH 8TH STREET MINNEAPOLIS,MN55404		PC	GREENLIGHT FUND TWIN CITIES	50,000
GUTHRIE THEATER FOUNDATION 818 SOUTH 2ND ST MINNEAPOLIS,MN55415		PC	THE GUTHRIE THEATERS ARTISTIC, EDUCATION, AND COMMUNITY ENGAGEMENT PROGRAMMING	40,000
HANDS ON ATLANTA INC 970 JEFFERSON ST NW ATLANTA,GA30318		PC	ONSITE VOLUNTEER PROJECT (MLK DAY MEALS4KIDS PACK), INVOICE 112124	22,600
HANDSON TWIN CITIES 672 TRANSFER RD SAINT PAUL,MN55114		PC	GROUP PROJECT IN A BOX, INVOICE 1184	5,500
HANDSON TWIN CITIES 672 TRANSFER RD SAINT PAUL,MN55114		PC	ONSITE VOLUNTEER PROJECT (SNACK PACKS & WARM WINTER BUNDLES), INVOICE 1171	22,000
HANDSON TWIN CITIES 672 TRANSFER RD SAINT PAUL,MN55114		PC	ONSITE VOLUNTEER PROJECT (FOOD SAFETY KITS), INVOICE 1338	22,000
HIAWATHA ACADEMIES 3500 28TH ST E MINNEAPOLIS,MN55406		PC	HIAWATHA THROUGH COLLEGE	175,000
HUNGER IMPACT PARTNERS 117 PORTLAND AVE MINNEAPOLIS,MN55401		PC	HEALTHY MEALS FOR CHILDREN	75,000
JUNIOR ACHIEVEMENT NORTH 1745 UNIVERSITY AVE W SAINT PAUL,MN55104		PC	JUNIOR ACHIEVEMENT NORTH: K-12 TWIN CITIES METRO PROGRAMMING AND LEARNING LAB SPONSORSHIP FY24-FY26	125,000
JUNIOR ACHIEVEMENT NORTH 1745 UNIVERSITY AVE W SAINT PAUL,MN55104		PC	JUNIOR ACHIEVEMENT NORTH: 3DE BY JUNIOR ACHIEVEMENT	150,000
KIPP MINNESOTA 5034 OLIVER AVE N MINNEAPOLIS,MN55430		PC	RETHINKING AND RESHAPING COLLEGE AND CAREER READINESS: WHAT COMES BEFORE	60,000
METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION 1256 PENN AVE N STE 4800 MINNEAPOLIS,MN55411		PC	EXPANDING MARKET ACCESS FOR BIPOC ENTREPRENEURS THROUGH BUSINESS ADVISING	50,000
MIGIZI COMMUNICATIONS INC 1845 LAKE ST E MINNEAPOLIS,MN55407		PC	MIGIZIS GREEN TECH INSTITUTE	100,000
MINNEAPOLIS SOCIETY OF FINE ARTS 2400 3RD AVE S MINNEAPOLIS,MN55404		PC	GENERAL OPERATING SUPPORT FOR ACCESSIBLE PROGRAMS	50,000
MINNESOTA CHILDREN'S MUSEUM 10 7TH ST W SAINT PAUL,MN55102		PC	PLAY FOR ALL ACCESS PROGRAM SUPPORT	20,000
MINNESOTA COUNCIL OF NONPROFITS 2314 UNIVERSITY AVE W 20 SAINT PAUL,MN55114		PC	GENERAL OPERATIONS FY25	15,000
MINNESOTA COUNCIL ON FOUNDATIONS 2550 UNIVERSITY AVE W STE 200N SAINT PAUL,MN55114		PC	2024 ANNUAL MCF MEMBERSHIP	20,000
MINNESOTA COUNCIL ON FOUNDATIONS 2550 UNIVERSITY AVE W STE 200N SAINT PAUL,MN55114		PC	IMPALA FOR MINNESOTA	75,000
MINNESOTA HISTORICAL SOCIETY 345 W KELLOGG BLVD SAINT PAUL,MN55102		PC	GENERAL OPERATING SUPPORT	20,000
MINNESOTA LANDSCAPE ARBORETUM FOUNDATION 3675 ARBORETUM DR CHASKA,MN55318		PC	GROWING GOOD URBAN OUTREACH PROGRAM	75,000
MINNESOTA PUBLIC RADIO 480 CEDAR STREET SAINT PAUL,MN55101		PC	MPR - ARTS/CIVIC OPERATING GRANT	55,000
MINNESOTA STATE HORTICULTURAL SOCIETY 1935 COUNTY ROAD B2 W ROSEVILLE,MN55113		PC	GARDEN-IN-A-BOX	65,000
MINNESOTA ZOO FOUNDATION 13000 ZOO BOULEVARD APPLE VALLEY,MN55124		PC	MINNESOTA ZOO FUND	45,000
NORTHSIDE ACHIEVEMENT ZONE 1964 N 2ND ST MINNEAPOLIS,MN55411		PC	FAMILY ACHIEVEMENT COACHING, FAMILY ACADEMY, AND HIGH SCHOOL TO COLLEGE SUCCESS PROGRAM	250,000
PENUMBRA THEATRE COMPANY INC 270 NORTH KENT ST SAINT PAUL,MN55102		PC	PENUMBRA CENTER FOR RACIAL HEALING	25,000
PILLSBURY UNITED COMMUNITIES 2323 11TH AVE S MINNEAPOLIS,MN55404		PC	PILLSBURY UNITED HEALTHY FOOD ACCESS PROGRAM AND CEO TRANSITION FUND	300,000
PILLSBURY UNITED COMMUNITIES 2323 11TH AVE S MINNEAPOLIS,MN55404		PC	PILLSBURY CREATIVE COMMONS	100,000
PRISM 1220 ZANE AVE N GOLDEN VALLEY,MN55422		PC	CARGILL CARES ALUMNI AWARD RECIPIENT GIFT (COLLEEN PORTER)	500
PROJECT SCIENTIST 548 MARKET ST PMB 83994 SAN FRANCISCO,CA94104		PC	TEACHING INSTITUTE	50,000
PROJECT SUCCESS-STUDENTS UNDERTAKING CREATIVE CONTROL 1 GROVELAND TERRACE MINNEAPOLIS,MN55403		PC	CONNECTING HIGH SCHOOL STUDENTS WITH THEIR PURPOSE	175,000
PROVIDERS CHOICE INC PO BOX 390813 MINNEAPOLIS,MN55439		PC	GROWING HEALTHY COMMUNITIES: BUILDING NUTRITION KNOWLEDGE FOR SUCCESS IN THE CHILD AND ADULT CARE FOOD PROGRAM (CACFP)	100,000
RENEWING THE COUNTRYSIDE II 312 CENTER ST E HAMMOND,MN55991		PC	HAPPY KIDS WHOLE VEGGIES: COMMUNITY-BASED SYSTEMS CHANGE FOR OUR YOUNGEST EATERS	75,000
SAINT PAUL & MINNESOTA FOUNDATION 370 WABASHA ST N SAINT PAUL,MN55102		PC	COLLEGEBOUND SAINT PAUL	150,000
SAINT PAUL PUBLIC SCHOOLS 360 COLBRONE STREET SAINT PAUL,MN55102		PC	GROW OUR OWN	100,000
SCIENCE FROM SCIENTISTS INC 9001 E BLOOMINGTON FRWY STE 139 BLOOMINGTON,MN55420		PC	SCIENCE FROM SCIENTISTS DURING-SCHOOL STEM ENRICHMENT PROGRAM IN TWIN CITIES METRO SCHOOLS 2022-2025	120,000
SCIENCE MUSEUM OF MINNESOTA 120 KELLOGG BLVD W SAINT PAUL,MN55102		PC	STEM ACCESS AND EQUITY	45,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	CHILD HUNGER INITIATIVE AND KITCHEN COALITION	500,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	MOONSHOT CAMPAIGN	1,500,000
SERVEMINNESOTA 120 S SIXTH ST STE 2260 MINNEAPOLIS,MN55402		PC	EQUITABLY EXPANDING 4-8 MATH CORPS WITH PARTICIPATORY COMMUNITY RESEARCH	300,606
SMART NORTH 310 EAST 38TH ST STE 311 MINNEAPOLIS,MN55409		PC	MINNEAPOLIS COMMUNITY TECH HUB	125,000
ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT 3395 PLYMOUTH RD MINNEAPOLIS,MN55305		PC	EARLY CHILDHOOD NUTRITION PROGRAM	125,000
ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT 3395 PLYMOUTH RD MINNEAPOLIS,MN55305		PC	TWIN CITIES EARLY INTERVENTION EXPANSION	250,000
SUMMIT ACADEMY OIC 935 OLSON MEMORIAL HWY MINNEAPOLIS,MN55405		PC	SUMMIT NSSTEM'S MOBILE INNOVATION LAB AND TECHCONNECTS! PROGRAM EXPANSIONS	100,000
TEACH FOR AMERICA 2429 NICOLLET AVE MINNEAPOLIS,MN55404		PC	TFA TWIN CITIES & THE CARGILL FOUNDATION: EQUITABLE ACCESS TO STEM	200,000
THE AFRICAN AMERICAN LEADERSHIP FORUM 1625 HENNEPIN AVE STE 200 MINNEAPOLIS,MN55403		PC	THE BLACK AGENDA FOR CHANGE	250,000
THE AFRICAN AMERICAN LEADERSHIP FORUM 1625 HENNEPIN AVE STE 200 MINNEAPOLIS,MN55403		PC	FORUMAI	277,361
THE CONSTELLATION FUND 323 N WASHINGTON AVE STE 200 MINNEAPOLIS,MN55401		PC	THE CONSTELLATION FUND - GENERAL OPERATING SUPPORT	200,000
THE FOOD GROUP MINNESOTA INC 8501 54TH AVE N MINNEAPOLIS,MN55428		PC	GENERAL OPERATIONS	225,000
THE FOOD GROUP MINNESOTA INC 8501 54TH AVE N MINNEAPOLIS,MN55428		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	5,000
THE GOOD ACRE 1790 LARPENTEUR AVE W FALCON HEIGHTS,MN55113		PC	FURTHERING FOOD ACCESS	25,000
THE GOOD ACRE 1790 LARPENTEUR AVE W FALCON HEIGHTS,MN55113		PC	FOOD ACCESS FOR COLLECTIVE IMPACT	200,000
THE GOOD ACRE 1790 LARPENTEUR AVE W FALCON HEIGHTS,MN55113		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	5,000
TWIN CITIES PUBLIC TELEVISION INC 172 EAST 4TH STREET SAINT PAUL,MN55101		PC	OPERATING SUPPORT FOR TPTS COMPREHENSIVE SERVICES IN FY24	75,000
TWIN CITIES PUBLIC TELEVISION INC 172 EAST 4TH STREET SAINT PAUL,MN55101		PC	TPT STEM ACADEMIES 2024-2025	112,500
UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE STE 500 MINNEAPOLIS,MN55455		PC	BELL MUSEUM HANDS-ON STEM LEARNING IN THE COMMUNITY	125,000
URBAN ROOTS MN 1110 PAYNE AVE SAINT PAUL,MN55130		PC	URBAN ROOTS PROVIDING ACCESS TO FRESH, HEALTHY FOOD AND NUTRITION EDUCATION FOR CHILDREN, YOUTH, AND FAMILIES ON THE EAST SIDE OF ST. PAUL	125,000
URBAN ROOTS MN 1110 PAYNE AVE SAINT PAUL,MN55130		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	5,000
URBAN STRATEGIES INC 100 N BROADWAY STE 1110 ST LOUIS,MO63102		PC	GREEN GARDEN BAKERY	50,000
URBAN VENTURES LEADERSHIP FOUNDATION 2924 4TH AVE S MINNEAPOLIS,MN55408		PC	URBAN VENTURES FARM & NUTRITION	200,000
WALKER ART CENTER 725 VINELAND PL MINNEAPOLIS,MN55403		PC	GENERAL OPERATING SUPPORT	35,000
WOMEN'S FOUNDATION OF MINNESOTA 105 5TH AVE S MINNEAPOLIS,MN55401		PC	GIRLSBEST (GIRLS BUILDING ECONOMIC SUCCESS TOGETHER)	100,000
YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE NORTH PO BOX 1450 MINNEAPOLIS,MN55485		PC	MEZILE YMCA CHILDHOOD NUTRITION PROGRAM	211,000
YOUTH FARM AND MARKET PROJECT 3645 CHICAGO AVE S BAHAI FARM MINNEAPOLIS,MN55407		PC	COMMUNITY NETWORKS SUPPORTING YOUTH NUTRITION	85,000
YOUTHPRISE 3001 BROADWAY ST NE STE 330 MINNEAPOLIS,MN55413		PC	NUTRITION PROGRAM	187,500
YOUTHPRISE 3001 BROADWAY ST NE STE 330 MINNEAPOLIS,MN55413		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	5,000
YOUTHPRISE 3001 BROADWAY ST NE STE 330 MINNEAPOLIS,MN55413		PC	YOUTHPRISE COOPERATIVE HOUSING & COMMUNITY CENTER (YCHCC)	500,000
YWCA OF MINNEAPOLIS 2121 EAST LAKE STREET MINNEAPOLIS,MN55407		PC	GIRLS INC. EUREKA! AT YWCA MINNEAPOLIS	50,000
YWCA OF MINNEAPOLIS 2121 EAST LAKE STREET MINNEAPOLIS,MN55407		PC	YWCA MINNEAPOLIS EARLY CHILDHOOD EDUCATION (ECE) NUTRITION PROGRAM 2024	125,000
Total ................................. 3a				13,000,000

bApproved for future payment
30000 FEET 1351 ARCADE ST SAINT PAUL,MN55106		PC	TECH GEEKS	100,000
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	CAREER AND COLLEGE READINESS	262,236
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	CAREER AND COLLEGE READINESS	279,200
ACHIEVE TWIN CITIES 404 SOUTH 8TH STREET STE 105 MINNEAPOLIS,MN55404		PC	CAREER AND COLLEGE READINESS	708,334
BANYAN FOUNDATION 2647 BLOOMINGTON AVE MINNEAPOLIS,MN55407		PC	BANYAN'S ACES (ADOLESCENT EDUCATION SUPPORT) PROGRAM	85,000
BESTPREP 7100 NORTHLAND CIRCLE N 306F BROOKLYN PARK,MN55428		PC	BESTPREP'S CLASSROOM PLUS, CLOUD COACH, EMENTORS, AND MINNESOTA BUSINESS VENTURE PROGRAMS	65,000
BIG BROTHERS BIG SISTERS OF THE GREATER TWIN CITIES 3110 WASHINGTON AVE N MINNEAPOLIS,MN55411		PC	BBBS BEYOND SCHOOL WALLS AND STEM EXPLORE PROGRAMS	75,000
BLACK MEN TEACH PO BOX 3909 SAINT PAUL,MN55101		PC	BLACK MEN TEACH: DIVERSIFYING THE TEACHER PIPELINE	50,000
CODE SAVVY PO BOX 16628 MINNEAPOLIS,MN55416		PC	SUSTAINABLE GROWTH INITIATIVE FOR TECH DIVERSITY	130,000
CENTRO TYRONE GUZMAN 1915 CHICAGO AVE MINNEAPOLIS,MN55404		PC	CENTRO FAMILY NUTRITION PROGRAM	64,000
CHANGE STARTS WITH COMMUNITY 1201 WEST BROADWAY STE 2 MINNEAPOLIS,MN55411		PC	SHILOH CARES CAPITAL IMPROVEMENT CAMPAIGN	200,000
COLLEGE POSSIBLE 755 PRIOR AVE NORTH STE 210 SAINT PAUL,MN55104		PC	COLLEGE ACCESS & SUCCESS PROGRAMMING AND FAFSA SUPPORT SERVICES	225,000
COMUNIDADES LATINAS UNIDAS EN SERVICIO 461 MARIA AVE SAINT PAUL,MN55106		PC	YOUTH IN ACTION (YA!)	60,000
DREAM OF WILD HEALTH 1508 E FRANKLIN AVE MINNEAPOLIS,MN55404		PC	NATIVE YOUTH EDUCATION & LEADERSHIP	87,500
JUNIOR ACHIEVEMENT NORTH 1745 UNIVERSITY AVE W SAINT PAUL,MN55104		PC	JUNIOR ACHIEVEMENT NORTH: K-12 TWIN CITIES METRO PROGRAMMING AND LEARNING LAB SPONSORSHIP FY24-FY26	100,000
JUNIOR ACHIEVEMENT NORTH 1745 UNIVERSITY AVE W SAINT PAUL,MN55104		PC	JUNIOR ACHIEVEMENT NORTH: K-12 TWIN CITIES METRO PROGRAMMING AND LEARNING LAB SPONSORSHIP FY24-FY26	150,000
MIGIZI COMMUNICATIONS INC 1845 LAKE ST E MINNEAPOLIS,MN55407		PC	MIGIZIS GREEN TECH INSTITUTE	100,000
PILLSBURY UNITED COMMUNITIES 2323 11TH AVE S MINNEAPOLIS,MN55404		PC	PILLSBURY CREATIVE COMMONS	300,000
PROJECT SCIENTIST 548 MARKET ST PMB 83994 SAN FRANCISCO,CA94104		PC	TEACHING INSTITUTE	50,000
RENEWING THE COUNTRYSIDE II 312 CENTER ST E HAMMOND,MN55991		PC	HAPPY KIDS WHOLE VEGGIES: COMMUNITY-BASED SYSTEMS CHANGE FOR OUR YOUNGEST EATERS	75,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	CHILD HUNGER INITIATIVE AND KITCHEN COALITION	5,750,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	CHILD HUNGER INITIATIVE AND KITCHEN COALITION	5,750,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	CHILD HUNGER INITIATIVE AND KITCHEN COALITION	250,000
SECOND HARVEST HEARTLAND PO BOX 64051 SAINT PAUL,MN55164		PC	CHILD HUNGER INITIATIVE AND KITCHEN COALITION	5,750,000
SAINT PAUL PUBLIC SCHOOLS 360 COLBRONE STREET SAINT PAUL,MN55102		PC	GROW OUR OWN	100,000
SMART NORTH 310 EAST 38TH ST STE 311 MINNEAPOLIS,MN55409		PC	MINNEAPOLIS COMMUNITY TECH HUB	125,000
ST DAVID'S CENTER FOR CHILD AND FAMILY DEVELOPMENT 3395 PLYMOUTH RD MINNEAPOLIS,MN55305		PC	EARLY CHILDHOOD NUTRITION PROGRAM	250,000
THE CONSTELLATION FUND 323 N WASHINGTON AVE STE 200 MINNEAPOLIS,MN55401		PC	THE CONSTELLATION FUND - GENERAL OPERATING SUPPORT	200,000
THE FOOD GROUP MINNESOTA INC 8501 54TH AVE N MINNEAPOLIS,MN55428		PC	PARTICIPATION RECOGNITION CARGILL FOUNDATION CHILDHOOD NUTRITION EVENT	225,000
THE GOOD ACRE 1790 LARPENTEUR AVE W FALCON HEIGHTS,MN55113		PC	FURTHERING FOOD ACCESS	200,000
URBAN ROOTS MN 1110 PAYNE AVE SAINT PAUL,MN55130		PC	URBAN ROOTS PROVIDING ACCESS TO FRESH, HEALTHY FOOD AND NUTRITION EDUCATION FOR CHILDREN, YOUTH, AND FAMILIES ON THE EAST SIDE OF ST. PAUL	125,000
YWCA OF MINNEAPOLIS 2121 EAST LAKE STREET MINNEAPOLIS,MN55407		PC	GIRLS INC. EUREKA! AT YWCA MINNEAPOLIS	125,000
YWCA OF MINNEAPOLIS 2121 EAST LAKE STREET MINNEAPOLIS,MN55407		PC	GIRLS INC. EUREKA! AT YWCA MINNEAPOLIS	50,000
YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE NORTH PO BOX 1450 MINNEAPOLIS,MN55485		PC	MEZILE YMCA CHILDHOOD NUTRITION PROGRAM	211,000
YOUTH FARM AND MARKET PROJECT 3645 CHICAGO AVE S BAHAI FARM MINNEAPOLIS,MN55407		PC	COMMUNITY NETWORKS SUPPORTING YOUTH NUTRITION	85,000
YOUTHPRISE 3001 BROADWAY ST NE STE 330 MINNEAPOLIS,MN55413		PC	NUTRITION PROGRAM	187,500
Total ................................. 3b	22,549,770

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AUDIT FEES	90,438	62,905	0	0

Identifier	Return Reference	Explanation
EXPLANATION	FORM 990-PF, PART XV, LINE 2C	THE CARGILL FOUNDATION HAS KEY DATES FOR GRANT APPLICATIONS IN 2025 FOR THE DIFFERENT TYPE OF GRANTS AS FOLLOWS:FOR THE EDUCATION GRANT TYPE APPLICATIONS ARE SENT TO NONPROFITS (BY INVITATION ONLY) ON JULY 14TH. APPLICATIONS ARE DUE ON AUGUST 1ST AND THE GRANTS ARE AWARDED ON MID SEPTEMBER.FOR THE CHILDHOOD NUTRITION GRANT TYPE APPLICATIONS ARE SENT TO NONPROFITS (BY INVITATION ONLY) ON APRIL 21, APPLICATIONS ARE DUE ON MAY 9TH AND THE GRANTS ARE AWARDED IN LATE JUNE.THE EQUITABLE OUTCOMES GRANTS GRANT TYPE ARE BY INVITATION ONLY AND DO NOT HAVE KEY DATES ASSOCIATED WITH THEM.HTTPS://WWW.CARGILL.COM/ABOUT/COMMUNITY/CARGILL-FOUNDATION-HEADQUARTERS
EXPLANATION	FORM 990-PF	THE CARGILL FOUNDATION PROVIDES SUPPORT TO SELECT NONPROFIT ORGANIZATIONS IN OUR HEADQUARTERS COMMUNITY OF MINNEAPOLIS SAINT PAUL, MN TO MINIMIZE THE OPPORTUNITY GAP FOR OUR LOW-INCOME CHILDREN. WE ARE PART OF AN ECOSYSTEM OF PASSIONATE CHANGE-MAKERS, ADVOCATES, BUSINESSES AND MORE WORKING TO MAKE A DIFFERENCE IN OUR COMMUNITY. WE BELIEVE ALL CHILDREN MUST HAVE NUTRITIOUS FOOD TO FUEL GROWTH AND LEARNING. WE BELIEVE IN EQUITABLE ACCESS TO STEM EDUCATION AS A PATHWAY TO PROSPEROUS CAREERS. WE BELIEVE IN PREPARING AND INSPIRING CHILDRENFOR POST-SECONDARY EDUCATION, CAREERS AND BEYOND. ORGANIZATIONS MUST:BE A REGISTERED NONPROFIT AND HAVE A CURRENT 501(C)(3) PUBLIC CHARITY STATUS FROM THE INTERNAL REVENUE SERVICE (IRS), OR BE A SCHOOL OR A UNIT OF GOVERNMENT.ALIGN WITH CARGILL'S PRINCIPLES AROUND INCLUSION AND DIVERSITY AS EMBODIED IN OUR GUIDING PRINCIPLES AND CODE OF CONDUCT.SERVE THE GEOGRAPHIC AREA IN THE MINNEAPOLIS AND SAINT PAUL TWIN CITIES REGION.SUPPORT PROGRAMMING AND/OR INITIATIVES SPECIFIC TO EDUCATION (STEM AND COLLEGE & CAREER READINESS) AND CHILDHOOD NUTRITION PRIMARILY SERVING LOW-INCOME YOUTH IN GRADES K - 12.
EXPLANATION	FORM 990-PF, PART VI-A, LINE 11 - SCHEDULE OF CONTROLLED ENTITIES	THE CARGILL FOUNDATION OWNS A CONTROLLED ENTITY WITH THE NAME OF EMERGING MARKETS EQUITY FOCUS PORTFOLIO. THE FUND IS LOCATED AT 60 STATE STREET BOSTON, MA 02109 WITH THE EIN OF 88-0618036.

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

CARGILL FOUNDATION

EIN:

41-6020221

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3I GROUP PLC	16,917	16,917
3M CO	36,791	36,791
ABBVIE INC	158,331	158,331
ACADIAN INTERNATIONAL SMALL	6,692,790	6,692,790
ACCENTURE PLC	751,423	751,423
ACCIONA SA	16,659	16,659
ADIDAS AG	33,348	33,348
ADOBE INC	494,484	494,484
ADVANCED MICRO DEVICES INC	154,007	154,007
ADYEN NV	17,856	17,856
AECOM	386,367	386,367
AEROPORTS DE PARIS SA	22,670	22,670
AFFIRM HOLDINGS INC	23,568	23,568
AFLAC INC	455,652	455,652
AGCO CORP	21,594	21,594
AGILENT TECHNOLOGIES INC	56,423	56,423
AIA GROUP LTD	412,425	412,425
AIRBNB INC	77,006	77,006
AKER BP ASA	15,187	15,187
ALBEMARLE CORP	56,210	56,210
ALCON AG	373,797	373,797
ALIBABA GROUP HOLDING LTD	463,174	463,174
ALLIANZ SE	156,879	156,879
ALLSTATE CORP/THE	59,187	59,187
ALPHABET INC	2,286,932	2,286,932
ALTRIA GROUP INC	345,794	345,794
AMADEUS IT GROUP SA	53,178	53,178
AMAZON.COM INC	1,166,058	1,166,058
AMERICAN EXPRESS CO	1,091,594	1,091,594
AMERIPRISE FINANCIAL INC	122,991	122,991
AMGEN INC	45,091	45,091
AMPOL LTD	56,166	56,166
ANNALY CAPITAL MANAGEMENT INC	37,039	37,039
ANSYS INC	68,815	68,815
AON PLC	273,680	273,680
APOLLO GLOBAL MANAGEMENT INC	48,062	48,062
APPLE INC	2,311,376	2,311,376
APPLIED MATERIALS INC	60,824	60,824
APTARGROUP INC	38,332	38,332
APTIV PLC	284,255	284,255
ARISTA NETWORKS INC	378,013	378,013
ARISTOCRAT LEISURE LTD	80,375	80,375
ASML HOLDING NV	413,547	413,547
ASSURED GUARANTY LTD	116,113	116,113
ASTRAZENECA PLC	86,617	86,617
ASX LTD	38,642	38,642
ATLAS COPCO AB	75,308	75,308
ATLASSIAN CORP	7,301	7,301
AUTOMATIC DATA PROCESSING INC	114,165	114,165
AUTOZONE INC	51,232	51,232
AVANTOR INC	19,047	19,047
AVNET INC	108,198	108,198
BAE SYSTEMS PLC	410,082	410,082
BAKER HUGHES CO	146,564	146,564
BALL CORP	30,873	30,873
BANK MANDIRI PERSERO TBK PT	25,725	25,725
BANK OF AMERICA CORP	217,728	217,728
BANK OF MONTREAL	49,204	49,204
BANK OF NEW YORK MELLON CORP/T	1,165,050	1,165,050
BANK OF NOVA SCOTIA/THE	31,158	31,158
BARRATT REDROW PLC	17,070	17,070
BAYERISCHE MOTOREN WERKE AG	45,390	45,390
BECTON DICKINSON & CO	387,267	387,267
BENTLEY SYSTEMS INC	192,824	192,824
BERKSHIRE HATHAWAY INC	791,427	791,427
BEST BUY CO INC	31,918	31,918
BNP PARIBAS SA	70,153	70,153
BOEING CO/THE	126,555	126,555
BOLIDEN AB	52,269	52,269
BOLLORE SE	44,003	44,003
BOOKING HOLDINGS INC	154,021	154,021
BOSTON SCIENTIFIC CORP	147,378	147,378
BOSTON TR WALDEN SM CAP	8,214,857	8,214,857
BP PLC	131,394	131,394
BRAMBLES LTD	19,632	19,632
BRISTOL-MYERS SQUIBB CO	90,213	90,213
BRITISH AMERICAN TOBACCO PLC	31,707	31,707
BROADCOM INC	931,533	931,533
BROADRIDGE FINANCIAL SOLUTIONS	61,723	61,723
BROOKFIELD RENEWABLE CORP	19,251	19,251
BRUKER CORP	148,250	148,250
CADENCE DESIGN SYSTEMS INC	563,363	563,363
CAMDEN PROPERTY TRUST	49,665	49,665
CAMECO CORP	357,366	357,366
CARDINAL HEALTH INC	129,033	129,033
CARLISLE COS INC	12,909	12,909
CATERPILLAR INC	92,867	92,867
CATHAY GENERAL BANCORP	216,483	216,483
CBOE GLOBAL MARKETS INC	120,562	120,562
CBRE GROUP INC	73,260	73,260
CELLNEX TELECOM SA	16,681	16,681
CHAMPIONX CORP	17,238	17,238
CHARLES SCHWAB CORP/THE	960,946	960,946
CHEVRON CORP	174,967	174,967
CHUGAI PHARMACEUTICAL CO LTD	31,174	31,174
CIA DE SANEAMENTO BASICO DO ES	235,915	235,915
CIE FINANCIERE RICHEMONT SA	450,866	450,866
CIGNA GROUP/THE	50,257	50,257
CITIGROUP INC	553,829	553,829
CITY DEVELOPMENTS LTD	12,736	12,736
CLOROX CO/THE	62,853	62,853
COCA-COLA CO/THE	278,987	278,987
COCA-COLA EUROPACIFIC PARTNERS	2,227	2,227
COCHLEAR LTD	65,689	65,689
COGNIZANT TECHNOLOGY SOLUTIONS	147,494	147,494
COHERENT CORP	39,123	39,123
COLGATE-PALMOLIVE CO	21,000	21,000
COMCAST CORP	132,931	132,931
COMMONWEALTH BANK OF AUSTRALIA	191,952	191,952
COMPASS GROUP PLC	999,300	999,300
COMPUTERSHARE LTD	63,187	63,187
CONOCOPHILLIPS	66,047	66,047
CORTEVA INC	33,549	33,549
COSTAR GROUP INC	28,564	28,564
COSTCO WHOLESALE CORP	29,321	29,321
CROWN CASTLE INC	159,284	159,284
CSL LTD	96,933	96,933
CTF EMERGING LCL DBT	4,499,345	4,499,345
CVS HEALTH CORP	17,193	17,193
CYBERARK SOFTWARE LTD	24,320	24,320
DAIFUKU CO LTD	25,197	25,197
DAIICHI SANKYO CO LTD	37,689	37,689
DAIKIN INDUSTRIES LTD	59,366	59,366
DAIMLER TRUCK HOLDING AG	206,207	206,207
DAIWA HOUSE INDUSTRY CO LTD	157,369	157,369
DANAHER CORP	131,532	131,532
DANONE SA	888,616	888,616
DECKERS OUTDOOR CORP	141,351	141,351
DELIVERY HERO SE	11,991	11,991
DEUTSCHE BANK AG	34,496	34,496
DEUTSCHE TELEKOM AG	105,183	105,183
DIAGEO PLC	339,156	339,156
DIAMONDBACK ENERGY INC	80,932	80,932
DNB BANK ASA	62,412	62,412
DODGE & COX GLOBAL STOCK-I	120,027	120,027
DOLLAR TREE INC	24,655	24,655
DOORDASH INC	143,259	143,259
DSV A/S	55,202	55,202
EATON CORP PLC	188,170	188,170
EBAY INC	82,332	82,332
ECOLAB INC	62,563	62,563
EDISON INTERNATIONAL	222,115	222,115
EDP RENOVAVEIS SA	100,731	100,731
ELANCO ANIMAL HEALTH INC	27,889	27,889
ELECTRONIC ARTS INC	176,292	176,292
ELEVANCE HEALTH INC	748,498	748,498
ELI LILLY & CO	534,224	534,224
EMERGING MARKETS EQUITY FOCUS	12,837,078	12,837,078
EOG RESOURCES INC	19,368	19,368
EQUINOR ASA	80,120	80,120
ESSILORLUXOTTICA SA	56,844	56,844
ESTEE LAUDER COS INC/THE	24,743	24,743
EVERSOURCE ENERGY	97,976	97,976
EXLSERVICE HOLDINGS INC	101,320	101,320
EXPEDIA GROUP INC	60,371	60,371
EXPERIAN PLC	276,992	276,992
FAIR ISAAC CORP	342,440	342,440
FANUC CORP	26,565	26,565
FAST RETAILING CO LTD	86,297	86,297
FISERV INC	577,230	577,230
FLEX LTD	546,712	546,712
FLUTTER ENTERTAINMENT PLC	48,526	48,526
FMC CORP	37,235	37,235
FORTESCUE LTD	32,995	32,995
FORTINET INC	214,186	214,186
FORTIVE CORP	67,650	67,650
FRANCO-NEVADA CORP	97,012	97,012
FREEPORT-MCMORAN INC	46,267	46,267
FTI CONSULTING INC	20,833	20,833
FUJITSU LTD	69,827	69,827
GALP ENERGIA SGPS SA	45,205	45,205
GE AEROSPACE	58,543	58,543
GE HEALTHCARE TECHNOLOGIES INC	391,447	391,447
GECINA SA	57,133	57,133
GEN DIGITAL INC	36,908	36,908
GENERAL MOTORS CO	44,161	44,161
GENMAB A/S	14,093	14,093
GILEAD SCIENCES INC	220,487	220,487
GIVAUDAN SA	83,149	83,149
GLDMN SCHS CORE FXD INC-INST	12,573,322	12,573,322
GLDMN SCHS TCT TLT OVRLY-R6	1,388,111	1,388,111
GLOBAL PAYMENTS INC	53,789	53,789
GROUPE BRUXELLES LAMBERT NV	185,213	185,213
HALLIBURTON CO	40,839	40,839
HALMA PLC	316,261	316,261
HANG SENG BANK LTD	51,662	51,662
HANNOVER RUECK SE	29,996	29,996
HARTFORD INSURANCE GROUP INC/T	395,372	395,372
HASBRO INC	21,693	21,693
HEIDELBERG MATERIALS AG	1,012,000	1,012,000
HEINEKEN NV	340,399	340,399
HENKEL AG & CO KGAA	23,266	23,266
HENRY SCHEIN INC	304,134	304,134
HERMES INTERNATIONAL SCA	120,222	120,222
HERSHEY CO/THE	56,224	56,224
HEXCEL CORP	301,587	301,587
HITACHI LTD	175,356	175,356
HOLOGIC INC	256,785	256,785
HOME DEPOT INC/THE	169,989	169,989
HONEYWELL INTERNATIONAL INC	124,465	124,465
HORMEL FOODS CORP	21,865	21,865
HP INC	66,435	66,435
HSBC BANK PLC	162,096	162,096
HSBC HOLDINGS PLC	36,551	36,551
HUBSPOT INC	17,419	17,419
HUMANA INC	19,536	19,536
ICON PLC	285,415	285,415
ILLUMINA INC	20,846	20,846
INDUSTRIA DE DISENO TEXTIL SA	41,687	41,687
INFORMA PLC	25,668	25,668
ING GROEP NV	58,188	58,188
INGERSOLL RAND INC	154,596	154,596
INTEL CORP	30,536	30,536
INTERCONTINENTAL EXCHANGE INC	51,557	51,557
INTERNATIONAL BANCSHARES CORP	52,612	52,612
INTERNATIONAL FLAVORS & FRAGRA	16,403	16,403
INTESA SANPAOLO SPA	90,820	90,820
INTUIT INC	221,232	221,232
INTUITIVE SURGICAL INC	162,330	162,330
INVESTOR AB	227,580	227,580
ITOCHU CORP	35,881	35,881
J M SMUCKER CO/THE	21,143	21,143
JAPAN TOBACCO INC	134,321	134,321
JEFFERIES FINANCIAL GROUP INC	386,198	386,198
JOHNSON & JOHNSON	272,319	272,319
JOHNSON MATTHEY PLC	30,275	30,275
JONES LANG LASALLE INC	125,051	125,051
JPMORGAN CHASE & CO	150,058	150,058
KBR INC	15,525	15,525
KDDI CORP	147,866	147,866
KEYCORP	26,241	26,241
KEYENCE CORP	403,012	403,012
KEYSIGHT TECHNOLOGIES INC	24,416	24,416
KOMATSU LTD	55,358	55,358
KONINKLIJKE AHOLD DELHAIZE NV	58,759	58,759
KONINKLIJKE PHILIPS NV	765,422	765,422
KUBOTA CORP	12,872	12,872
KURITA WATER INDUSTRIES LTD	21,166	21,166
L3HARRIS TECHNOLOGIES INC	52,149	52,149
LAM RESEARCH CORP	450,137	450,137
LAND SECURITIES GROUP PLC	19,477	19,477
LEGRAND SA	24,247	24,247
LINCOLN NATIONAL CORP	21,975	21,975
LLOYDS BANKING GROUP PLC	311,413	311,413
LOCKHEED MARTIN CORP	19,438	19,438
LONDON STOCK EXCHANGE GROUP PL	650,133	650,133
LOOMIS NEW HAMPSHIRE	4,100,000	4,100,000
LOREAL SA	87,434	87,434
LOWE'S COS INC	187,074	187,074
LVMH MOET HENNESSY LOUIS VUITT	139,509	139,509
LYFT INC	29,825	29,825
MANULIFE FINANCIAL CORP	132,851	132,851
MARATHAN EMD	3,362,496	3,362,496
MARSH & MCLENNAN COS INC	760,640	760,640
MARUBENI CORP	91,036	91,036
MARVELL TECHNOLOGY INC	26,618	26,618
MASTEC INC	39,072	39,072
MASTERCARD INC	378,604	378,604
MCCORMICK & CO INC/MD	42,161	42,161
MCKESSON CORP	229,104	229,104
MEDTRONIC PLC	177,973	177,973
MERCADOLIBRE INC	498,229	498,229
MERCEDES-BENZ GROUP AG	74,484	74,484
MERCK & CO INC	124,151	124,151
MERIDIAN ENERGY LTD	53,570	53,570
META PLATFORMS INC	1,603,126	1,603,126
METLIFE INC	81,880	81,880
MICROSOFT CORP	2,281,580	2,281,580
MICROSTRATEGY INC	14,481	14,481
MITSUBISHI CORP	24,854	24,854
MITSUBISHI ESTATE CO LTD	57,407	57,407
MITSUBISHI HEAVY INDUSTRIES LT	84,869	84,869
MITSUI & CO LTD	147,474	147,474
MIZUHO FINANCIAL GROUP INC	69,002	69,002
MONDELEZ INTERNATIONAL INC	18,576	18,576
MONOLITHIC POWER SYSTEMS INC	288,158	288,158
MOODY'S CORP	167,573	167,573
MORGAN STANLEY	136,658	136,658
MS&AD INSURANCE GROUP HOLDINGS	164,593	164,593
MSCI EAFE INDX NL CTF ECTF	13,935,167	13,935,167
MTU AERO ENGINES AG	25,007	25,007
NESTLE SA	174,507	174,507
NETFLIX INC	187,177	187,177
NEW JERSEY RESOURCES CORP	57,240	57,240
NEW YORK TIMES CO/THE	3,748	3,748
NEXTERA ENERGY INC	456,379	456,379
NINTENDO CO LTD	15,032	15,032
NIPPON PAINT HOLDINGS CO LTD	20,189	20,189
NIPPON TELEGRAPH & TELEPHONE C	52,781	52,781
NOMURA REAL ESTATE HOLDINGS IN	19,878	19,878
NORDEA BANK ABP	54,008	54,008
NORTHERN TRUST CORP	122,385	122,385
NORTHROP GRUMMAN CORP	59,131	59,131
NOVARTIS AG	917,566	917,566
NOVO NORDISK A/S	170,836	170,836
NOVONESIS (NOVOZYMES) B	4,472	4,472
NTT DATA GROUP CORP	90,615	90,615
NU HOLDINGS LTD/CAYMAN ISLANDS	365,428	365,428
NVENT ELECTRIC PLC	90,039	90,039
NVIDIA CORP	2,699,498	2,699,498
NXP SEMICONDUCTORS NV	322,375	322,375
OKTA INC	20,330	20,330
OMEGA HEALTHCARE INVESTORS INC	23,429	23,429
OMNICOM GROUP INC	115,380	115,380
ON HOLDING AG	428,685	428,685
ORANGE SA	16,226	16,226
ORSTED AS	585	585
PACIFIC ASSET MANAGEMENT BANK	6,595,854	6,595,854
PALANTIR TECHNOLOGIES INC	25,639	25,639
PALO ALTO NETWORKS INC	341,721	341,721
PARTNERS GROUP HOLDING AG	248,375	248,375
PAYCOM SOFTWARE INC	30,131	30,131
PAYPAL HOLDINGS INC	212,180	212,180
PELOTON INTERACTIVE INC	52,078	52,078
PEPSICO INC	130,467	130,467
PFIZER INC	66,670	66,670
PHILIP MORRIS INTERNATIONAL IN	272,833	272,833
PINTEREST INC	24,824	24,824
PNC FINANCIAL SERVICES GROUP I	221,199	221,199
POSTE ITALIANE SPA	46,866	46,866
PPG INDUSTRIES INC	22,934	22,934
PROCTER & GAMBLE CO/THE	727,266	727,266
PROGRESSIVE CORP/THE	664,918	664,918
PROSUS NV	59,607	59,607
PRUDENTIAL FINANCIAL INC	310,904	310,904
PRUDENTIAL PLC	16,307	16,307
PRYSMIAN SPA	204,891	204,891
PUBLICIS GROUPE SA	39,356	39,356
QUALCOMM INC	113,525	113,525
RANGE RESOURCES CORP	78,149	78,149
RAYMOND JAMES FINANCIAL INC	42,094	42,094
RB GLOBAL INC	20,117	20,117
RBC BLUEBAY HI YLD BND-I	8,486,089	8,486,089
REA GROUP LTD	95,917	95,917
REALTY INCOME CORP	101,746	101,746
RECKITT BENCKISER GROUP PLC	317,956	317,956
RECRUIT HOLDINGS CO LTD	70,915	70,915
REGENERON PHARMACEUTICALS INC	53,425	53,425
REINSURANCE GROUP OF AMERICA I	377,698	377,698
RELX PLC	309,694	309,694
ROCHE HOLDING AG	125,741	125,741
ROCKWELL AUTOMATION INC	429,257	429,257
ROYAL BANK OF CANADA	111,351	111,351
ROYAL GOLD INC	1,978	1,978
S&P GLOBAL INC	28,886	28,886
SAFRAN SA	106,081	106,081
SAGE GROUP PLC/THE	48,387	48,387
SALESFORCE INC	341,017	341,017
SAMPO OYJ	21,164	21,164
SAMSUNG ELECTRONICS CO LTD	616,146	616,146
SANOFI SA	106,878	106,878
SBA COMMUNICATIONS CORP	21,807	21,807
SCHIBSTED ASA	22,540	22,540
SCHLUMBERGER LTD	89,371	89,371
SCHNEIDER ELECTRIC SE	214,030	214,030
SCHRODERS PLC	29,322	29,322
SCIENCE APPLICATIONS INTERNATI	46,165	46,165
SEA LTD	48,063	48,063
SEKISUI HOUSE LTD	50,536	50,536
SERVICE CORP INTERNATIONAL/US	45,577	45,577
SERVICENOW INC	91,170	91,170
SEVEN & I HOLDINGS CO LTD	42,395	42,395
SG HOLDINGS CO LTD	13,416	13,416
SHELL PLC	620,809	620,809
SHERWIN-WILLIAMS CO/THE	189,341	189,341
SHISEIDO CO LTD	7,092	7,092
SHOPIFY INC	81,874	81,874
SIEMENS AG	161,280	161,280
SIEMENS ENERGY AG	146,646	146,646
SINGAPORE TELECOMMUNICATIONS L	42,851	42,851
SMITH & NEPHEW PLC	23,554	23,554
SOCIETE GENERALE SA	27,055	27,055
SODEXO SA	269,116	269,116
SOFTBANK GROUP CORP	29,222	29,222
SONOVA HOLDING AG	22,233	22,233
SONY GROUP CORP	4,761	4,761
SOUTHWEST AIRLINES CO	254,302	254,302
SPECTRUM BRANDS HOLDINGS INC	20,531	20,531
SPIRAX GROUP PLC	15,024	15,024
STANDARD CHARTERED PLC	24,985	24,985
STATE STREET CORP	20,612	20,612
STATE STREET S&P 500 INDEX	35,859,609	35,859,609
STELLANTIS NV	25,996	25,996
STRYKER CORP	255,636	255,636
SUBARU CORP	17,950	17,950
SUMITOMO CORP	37,081	37,081
SUMITOMO MITSUI FINANCIAL GROU	93,405	93,405
SUN LIFE FINANCIAL INC	69,131	69,131
SUNCORP GROUP LTD	51,082	51,082
SUNTORY BEVERAGE & FOOD LTD	15,949	15,949
SWISSCOM AG	105,771	105,771
SYNOPSYS INC	45,624	45,624
SYSMEX CORP	22,269	22,269
TAIWAN SEMICONDUCTOR MANUFACTU	586,545	586,545
TAKEDA PHARMACEUTICAL CO LTD	15,962	15,962
TAPESTRY INC	26,851	26,851
TARGET CORP	96,248	96,248
TE CONNECTIVITY PLC	211,453	211,453
TECHTRONIC INDUSTRIES CO LTD	32,328	32,328
TECK RESOURCES LTD	33,113	33,113
TELEFONAKTIEBOLAGET LM ERICSSO	24,696	24,696
TELEFONICA SA	53,225	53,225
TELENOR ASA	21,889	21,889
TERUMO CORP	456,339	456,339
TESLA INC	647,356	647,356
TETRA TECH INC	238,801	238,801
THOMSON REUTERS CORP	106,172	106,172
TJX COS INC/THE	63,667	63,667
T-MOBILE US INC	115,221	115,221
TOKYO ELECTRON LTD	46,166	46,166
TOLL BROTHERS INC	8,942	8,942
TOMRA SYSTEMS ASA	184,790	184,790
TOTALENERGIES SE	366,462	366,462
TOYOTA MOTOR CORP	124,663	124,663
TRACTOR SUPPLY CO	46,693	46,693
TRANE TECHNOLOGIES PLC	166,946	166,946
TREASURY WINE ESTATES LTD	631	631
TWILIO INC	33,505	33,505
UBER TECHNOLOGIES INC	114,367	114,367
UBS GROUP AG	626,089	626,089
UMICORE SA	22,750	22,750
UNICREDIT SPA	39,533	39,533
UNILEVER PLC	668,067	668,067
UNITED RENTALS INC	71,148	71,148
UNITEDHEALTH GROUP INC	319,704	319,704
UNIVERSAL MUSIC GROUP NV	314,082	314,082
US BANCORP	24,967	24,967
VENTAS INC	29,209	29,209
VERALTO CORP	479,408	479,408
VERIZON COMMUNICATIONS INC	124,369	124,369
VERTEX PHARMACEUTICALS INC	154,637	154,637
VESTAS WIND SYSTEMS A/S	24,433	24,433
VINCI SA	98,943	98,943
VISA INC	1,090,338	1,090,338
VOLVO AB	62,548	62,548
WARNER BROS DISCOVERY INC	24,300	24,300
WASTE MANAGEMENT INC	449,185	449,185
WATERS CORP	43,034	43,034
WELLS FARGO & CO	118,916	118,916
WELLTOWER INC	214,755	214,755
WESFARMERS LTD	55,537	55,537
WHEATON PRECIOUS METALS CORP	53,597	53,597
WHITBREAD PLC	9,851	9,851
WORKDAY INC	75,345	75,345
WPP PLC	27,761	27,761
WSP GLOBAL INC	297,424	297,424
WW GRAINGER INC	14,757	14,757
YASKAWA ELECTRIC CORP	20,702	20,702
YUM! BRANDS INC	206,204	206,204
ZALANDO SE	35,653	35,653
ZOETIS INC	84,887	84,887
ZURICH INSURANCE GROUP AG	88,586	88,586

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					13,123,758
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......	2,511,469
c From 2021......
d From 2022......	1,523,891
e From 2023......	1,274,568
f Total of lines 3a through e ........		5,309,928
4Qualifying distributions for 2024 from Part
XI, line 4: $ 13,000,000
a Applied to 2023, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....					13,000,000
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		123,758			123,758
(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		5,186,170
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		5,186,170
10 Analysis of line 9:
a Excess from 2020....	2,387,711
b Excess from 2021....
c Excess from 2022....	1,523,891
d Excess from 2023....	1,274,568
e Excess from 2024....

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	(e) Total

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	463,176
4 Dividends and interest from securities ....	901101	1,330	14	4,780,385
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	-4,665,313
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		1,330		578,248	0

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	252,328	818,921	818,921
	2	Savings and temporary cash investments.........	4,269,233	5,610,153	5,610,153
	3	Accounts receivable 70,889,671
		Less: allowance for doubtful accounts	315,331	70,889,671	70,889,671
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	231,380,979	List of Attached Documents: // Content 198,533,520	198,533,520
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	18,951,625	List of Attached Documents: // Content 31,493,638	31,493,638
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	255,169,496	307,345,903	307,345,903
	17	Accounts payable and accrued expenses..........	160,300	42,793,244
	18	Grants payable.................	15,937,721	11,049,770
	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 )	List of Attached Documents: // Content 78,455	List of Attached Documents: // Content 327,116
	23	Total liabilities (add lines 17 through 22).........	16,176,476	54,170,130
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	238,993,020	253,175,773
	29	Total net assets or fund balances (see instructions).....	238,993,020	253,175,773
	30	Total liabilities and net assets/fund balances (see instructions).	255,169,496	307,345,903

(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
1 a	10X GENOMICS INC	P
b	3I GROUP PLC	P
c	ABBVIE INC	P
d	ACADIAN INTERNATIONAL SMALL	P
e	ACCENTURE PLC	P
	ADOBE INC	P
	ADVANCED MICRO DEVICES INC	P
	AECOM	P
	AFLAC INC	P
	AGILENT TECHNOLOGIES INC	P
	AIA GROUP LTD	P
	AIRBNB INC	P
	AIRBUS SE	P
	ALCON AG	P
	ALCON INC	P
	ALIBABA GROUP HOLDING LTD	P
	ALLSTATE CORP/THE	P
	ALPHABET INC	P
	AMADEUS IT GROUP SA	P
	AMAZON.COM INC	P
	AMERICAN EXPRESS CO	P
	AMERICAN TOWER CORP	P
	AMERICAN WATER WORKS CO INC	P
	AMERIPRISE FINANCIAL INC	P
	AON PLC	P
	APOLLO GLOBAL MANAGEMENT INC	P
	APPLE INC	P
	APTIV PLC	P
	ARCHER-DANIELS-MIDLAND CO	P
	ARISTA NETWORKS INC	P
	ASML HOLDING NV	P
	ASSURED GUARANTY LTD	P
	ASTRAZENECA PLC	P
	ATLASSIAN CORP	P
	AUTOMATIC DATA PROCESSING INC	P
	AUTOZONE INC	P
	AVANGRID INC	P
	AVERY DENNISON CORP	P
	BAE SYSTEMS PLC	P
	BALL CORP	P
	BANK MANDIRI PERSERO TBK PT	P
	BANK OF AMERICA CORP	P
	BANK OF MONTREAL	P
	BANK OF NEW YORK MELLON CORP/T	P
	BANK OF NOVA SCOTIA/THE	P
	BAXTER INTERNATIONAL INC	P
	BECTON DICKINSON & CO	P
	BENTLEY SYSTEMS INC	P
	BERKSHIRE HATHAWAY INC	P
	BHP GROUP LTD	P
	BIOGEN INC	P
	BIO-RAD LABORATORIES INC	P
	BOEING CO/THE	P
	BOSTON TR WALDEN SM CAP	P
	BRISTOL-MYERS SQUIBB CO	P
	BRITISH AMERICAN TOBACCO PLC	P
	BROADCOM INC	P
	BRUKER CORP	P
	BYD CO LTD	P
	CADENCE DESIGN SYSTEMS INC	P
	CALIX INC	P
	CAMDEN PROPERTY TRUST	P
	CAMECO CORP	P
	CARLISLE COS INC	P
	CARMAX INC	P
	CATERPILLAR INC	P
	CATHAY GENERAL BANCORP	P
	CBRE GROUP INC	P
	CDW CORP/DE	P
	CELLNEX TELECOM SA	P
	CENTENE CORP	P
	CHARLES SCHWAB CORP/THE	P
	CHEVRON CORP	P
	CHR HANSEN HOLDING A/S	P
	CHURCH & DWIGHT CO INC	P
	CIA DE SANEAMENTO BASICO DO ES	P
	CIE FINANCIERE RICHEMONT SA	P
	CISCO SYSTEMS INC	P
	CITIGROUP INC	P
	COCA-COLA CO/THE	P
	COGNIZANT TECHNOLOGY SOLUTIONS	P
	COLOPLAST A/S	P
	COMCAST CORP	P
	COMPASS GROUP PLC	P
	CONOCOPHILLIPS	P
	CORTEVA INC	P
	CSL LTD	P
	CVS HEALTH CORP	P
	DAIMLER TRUCK HOLDING AG	P
	DANAHER CORP	P
	DANONE SA	P
	DECKERS OUTDOOR CORP	P
	DEERE & CO	P
	DENTSPLY SIRONA INC	P
	DEUTSCHE BOERSE AG	P
	DEVON ENERGY CORP	P
	DIAGEO PLC	P
	DODGE & COX GLOBAL STOCK-I	P
	DOLLAR GENERAL CORP	P
	DSV A/S	P
	EATON CORP PLC	P
	EBAY INC	P
	EDWARDS LIFESCIENCES CORP	P
	EISAI CO LTD	P
	ELEMENT SOLUTIONS INC	P
	ELEVANCE HEALTH INC	P
	ELI LILLY & CO	P
	ENTEGRIS INC	P
	ESTEE LAUDER COS INC/THE	P
	ETSY INC	P
	EVERSOURCE ENERGY	P
	EXLSERVICE HOLDINGS INC	P
	EXPEDIA GROUP INC	P
	EXPERIAN PLC	P
	EXXON MOBIL CORP	P
	FAIR ISAAC CORP	P
	FAST RETAILING CO LTD	P
	FISERV INC	P
	FLEX LTD	P
	FMC CORP	P
	FOOT LOCKER INC	P
	FORTESCUE LTD	P
	FORTINET INC	P
	FORTIVE CORP	P
	FOX CORP	P
	FRANCO-NEVADA CORP	P
	FRANKLIN RESOURCES INC	P
	GE HEALTHCARE INC	P
	GE HEALTHCARE TECHNOLOGIES INC	P
	GE VERNOVA INC	P
	GENERAL MILLS INC	P
	GENERAL MOTORS CO	P
	GILEAD SCIENCES INC	P
	GIVAUDAN SA	P
	GLDMN SCHS TCT TLT OVRLY-R6	P
	GLOBAL PAYMENTS INC	P
	GRAIL INC	P
	GROUPE BRUXELLES LAMBERT NV	P
	GSK PLC	P
	HALEON PLC	P
	HALLIBURTON CO	P
	HALMA PLC	P
	HEIDELBERG MATERIALS AG	P
	HEINEKEN NV	P
	HENRY SCHEIN INC	P
	HERSHEY CO/THE	P
	HEXCEL CORP	P
	HOLOGIC INC	P
	HONEYWELL INTERNATIONAL INC	P
	HP INC	P
	HSBC BANK PLC	P
	ICON PLC	P
	ILLINOIS TOOL WORKS INC	P
	ILLUMINA INC	P
	INFINEON TECHNOLOGIES AG	P
	INTEL CORP	P
	INTERNATIONAL BANCSHARES CORP	P
	INTERNATIONAL FLAVORS & FRAGRA	P
	INTUIT INC	P
	ISHARES CORE S&P 500 ETF	P
	ISHARES MSCI EAFE ETF	P
	ITOCHU CORP	P
	JEFFERIES FINANCIAL GROUP INC	P
	JOHNSON & JOHNSON	P
	KERING SA	P
	KEYENCE CORP	P
	KEYSIGHT TECHNOLOGIES INC	P
	KONINKLIJKE DSM NV	P
	KONINKLIJKE PHILIPS NV	P
	KOSE CORP	P
	KROGER CO/THE	P
	KUBOTA CORP	P
	L3HARRIS TECHNOLOGIES INC	P
	LABORATORY CORP OF AMERICA HOL	P
	LAM RESEARCH CORP	P
	LITTELFUSE INC	P
	LLOYDS BANKING GROUP PLC	P
	LONDON STOCK EXCHANGE GROUP PL	P
	LONG U.S. TREASURY INDEX NL	P
	LOWE'S COS INC	P
	LUCID GROUP INC	P
	LYFT INC	P
	MANDATUM OYJ	P
	MARSH & MCLENNAN COS INC	P
	MARUBENI CORP	P
	MCCORMICK & CO INC/MD	P
	MEDTRONIC PLC	P
	MERCADOLIBRE INC	P
	MERCK & CO INC	P
	META PLATFORMS INC	P
	MGM RESORTS INTERNATIONAL	P
	MICROSOFT CORP	P
	MITSUBISHI HEAVY INDUSTRIES LT	P
	MODERNA INC	P
	MONGODB INC	P
	MONOLITHIC POWER SYSTEMS INC	P
	MSCI EAFE INDX NL CTF ECTF	P
	MSCI INC	P
	NESTE OYJ	P
	NESTLE SA	P
	NEW JERSEY RESOURCES CORP	P
	NEW YORK TIMES CO/THE	P
	NEXTERA ENERGY INC	P
	NEXTRACKER INC	P
	NIKE INC	P
	NINETY ONE GLBL ENVIRON-INST	P
	NINTENDO CO LTD	P
	NORTHERN TRUST CORP	P
	NORTHROP GRUMMAN CORP	P
	NOVARTIS AG	P
	NU HOLDINGS LTD/CAYMAN ISLANDS	P
	NVENT ELECTRIC PLC	P
	NVIDIA CORP	P
	NXP SEMICONDUCTORS NV	P
	OLYMPUS CORP	P
	OMRON CORP	P
	ON HOLDING AG	P
	ON SEMICONDUCTOR CORP	P
	OPEN TEXT CORP	P
	ORIENTAL LAND CO LTD/JAPAN	P
	ORSTED AS	P
	OTIS WORLDWIDE CORP	P
	OWNERSHIP CAPITAL GLOBAL	P
	PALO ALTO NETWORKS INC	P
	PARTNERS GROUP HOLDING AG	P
	PAYPAL HOLDINGS INC	P
	PEPSICO INC	P
	PERNOD RICARD SA	P
	PFIZER INC	P
	PHILIP MORRIS INTERNATIONAL IN	P
	PIONEER NATURAL RESOURCES CO	P
	PLAYTIKA HOLDING CORP	P
	PLUXEE FRANCE SA	P
	POWER INTEGRATIONS INC	P
	PPG INDUSTRIES INC	P
	PRINCIPAL FINANCIAL GROUP INC	P
	PROCTER & GAMBLE CO/THE	P
	PROGRESSIVE CORP/THE	P
	PRUDENTIAL FINANCIAL INC	P
	PRYSMIAN SPA	P
	PUBLICIS GROUPE SA	P
	QUALCOMM INC	P
	RAMBUS INC	P
	REALTY INCOME CORP	P
	RECKITT BENCKISER GROUP PLC	P
	RECRUIT HOLDINGS CO LTD	P
	REGENERON PHARMACEUTICALS INC	P
	REINSURANCE GROUP OF AMERICA I	P
	RELX PLC	P
	REMY COINTREAU SA	P
	RESTAURANT BRANDS INTERNATIONA	P
	ROCKWELL AUTOMATION INC	P
	ROGERS COMMUNICATIONS INC	P
	ROKU INC	P
	ROYAL BANK OF CANADA	P
	ROYAL GOLD INC	P
	RTX CORP	P
	S&P 500 R INDX NL CTF	P
	SALESFORCE INC	P
	SAMSUNG ELECTRONICS CO LTD	P
	SANDOZ GROUP AG	P
	SANOFI SA	P
	SCHLUMBERGER LTD	P
	SEB SA	P
	SHELL PLC	P
	SHOPIFY INC	P
	SMC CORP	P
	SNAP INC	P
	SNOWFLAKE INC	P
	SODEXO SA	P
	SONOVA HOLDING AG	P
	SONY GROUP CORP	P
	SOUTHWEST AIRLINES CO	P
	ST JAMES'S PLACE PLC	P
	STATE STREET CORP	P
	STATE STREET S&P 500 INDEX	P
	STELLANTIS NV	P
	STERIS PLC	P
	STRAUMANN HOLDING AG	P
	SUN HUNG KAI PROPERTIES LTD	P
	SUN LIFE FINANCIAL INC	P
	SUPER MICRO COMPUTER INC	P
	SWATCH GROUP AG/THE	P
	T ROWE PRICE GROUP INC	P
	TAIWAN SEMICONDUCTOR MANUFACTU	P
	TAPESTRY INC	P
	TARGET CORP	P
	TE CONNECTIVITY LTD	P
	TELADOC HEALTH INC	P
	TESLA INC	P
	TETRA TECH INC	P
	TEXAS INSTRUMENTS INC	P
	THERMO FISHER SCIENTIFIC INC	P
	TOLL BROTHERS INC	P
	TOMRA SYSTEMS ASA	P
	TOPBUILD CORP	P
	TORONTO-DOMINION BANK/THE	P
	TOTALENERGIES SE	P
	TOYOTA MOTOR CORP	P
	TRANE TECHNOLOGIES PLC	P
	TRAVELERS COS INC/THE	P
	TREASURY WINE ESTATES LTD	P
	UBS GROUP AG	P
	UIPATH INC	P
	ULTA BEAUTY INC	P
	UMICORE SA	P
	UNICREDIT SPA	P
	UNILEVER PLC	P
	UNITED RENTALS INC	P
	UNIVERSAL MUSIC GROUP NV	P
	VALERO ENERGY CORP	P
	VANGUARD BG GLBL POST IM-INV	P
	VERALTO CORP	P
	VERTEX PHARMACEUTICALS INC	P
	VIASAT INC	P
	VISA INC	P
	VODAFONE GROUP PLC	P
	VOLKSWAGEN AG	P
	WALGREENS BOOTS ALLIANCE INC	P
	WALT DISNEY CO/THE	P
	WARNER BROS DISCOVERY INC	P
	WASTE MANAGEMENT INC	P
	WAYFAIR INC	P
	WEATHERFORD INTERNATIONAL PLC	P
	WELLTOWER INC	P
	WEST PHARMACEUTICAL SERVICES I	P
	WPP PLC	P
	WSP GLOBAL INC	P
	YUM! BRANDS INC	P
	ZIFF DAVIS INC	P
	ZOETIS INC	P
	OTHER INVESTMENTS	P
	PARTNERSHIP NII	P

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			-7,069
b			12,455
c			4,580
d			84,164
e			34,421
			270
			33,590
			4,292
			67,445
			-1,814
			-52,670
			6,924
			7,559
			755
			3,105
			-221,579
			9,152
			235,946
			927
			18,949
			324,687
			-546
			-82,679
			11,444
			30,326
			24,600
			29,738
			-54,735
			-802
			57,575
			72,624
			8,220
			1,981
			-2,575
			3,262
			13,074
			1,159
			10,932
			307,741
			2,988
			-51,183
			6,052
			-19,349
			240,215
			-15,824
			-7,208
			-5,172
			-764
			270,946
			-1,740
			-22,281
			-275,711
			-1,429
			118,763
			-55,805
			-7,786
			130,461
			-60,062
			-43,634
			3,909
			-145,625
			-10,511
			-672
			20,297
			21
			14,753
			676
			274
			-2,906
			2,864
			-522
			119,571
			4,786
			653
			2,463
			1,238
			96,510
			-2,850
			-8,220
			3,753
			1,537
			676
			-4,425
			262,725
			2,482
			126
			-1,410
			-4,486
			49,391
			-4,136
			-13,438
			14,263
			22,951
			-278,734
			68,263
			-5,645
			-43,285
			556,444
			-9,133
			-2,352
			16,494
			4,187
			3,364
			643
			23,089
			6,084
			53,476
			-3,418
			-52,252
			-2,389
			-74,610
			-803
			-193,593
			45,664
			24,839
			163,516
			4,529
			1,677
			112,453
			-29,709
			-2,544
			6,049
			17,513
			4,130
			751
			-4,842
			-1,348
			-92
			-5,838
			10,346
			-4,522
			1,662
			1,803
			-1,074
			115,693
			1,750
			-581
			-85,459
			-1,766
			18,388
			2,054
			5,612
			357,578
			-92,813
			-12,055
			-2,189
			2,095
			-4,405
			3,134
			-1,977
			17,987
			14,253
			3,610
			-33,960
			-56,481
			-16,817
			8,338
			-7,888
			200,650
			875,018
			-346,725
			5,759
			1,710
			-5,800
			-7,743
			716
			-93,245
			-13,117
			-153,528
			-8,044
			4,583
			1,700
			5,740
			12,007
			138,752
			-1,150
			18,419
			28,351
			-4,345,724
			9,720
			-10,943
			2,422
			263
			111,422
			7,590
			-12,538
			-5,181
			-6,609
			5,303
			586,452
			1,309
			164,284
			10,430
			2,692
			-4,481
			53,885
			178,326
			-137,350
			-149,963
			-2,973
			-1,147
			2,398
			24,066
			86,959
			-18,193
			-1,036,068
			49,237
			-1,582
			60
			124,616
			-1,340
			10,274
			204,710
			5,690
			-5,818
			-13,813
			4,202
			17,275
			-2,810
			796
			-332
			5,460
			-3,622,164
			88,592
			-6,116
			-2,282
			-11,021
			-3,679
			-107,754
			-1,097
			4,623
			-4,840
			27,953
			-11,281
			659
			3,946
			13,779
			497,799
			11,334
			-172
			10,507
			4,904
			-819
			-31,538
			-75,546
			-8,351
			-262
			2,478
			12,198
			-4,604
			-896
			-514
			-14,624
			-1,524
			-4,976
			7,025
			3,168
			187,658
			10,108
			-247,057
			8
			-447
			2,006
			-5,924
			76,463
			1,478
			-89,471
			-5,054
			-2,819
			39,599
			330
			-2,678
			-105,549
			-26,183
			-3,738
			34
			-1,539
			27,625
			116
			-7,089
			3,348
			-17,139
			-9,227
			1,467
			66,871
			2,483
			-961
			4,398
			-5,687
			-49,682
			90,831
			-385
			1,053
			13,393
			-75,909
			166,993
			-6,638
			13,315
			34,765
			11,489
			1,744
			-278
			445,310
			-1,238
			-362
			-18,030
			15,067
			15,846
			23,281
			-3,253
			2,803
			-1,132,535
			15,581
			9,982
			-541
			64,456
			-9,362
			-16,594
			-9,184
			-16,048
			-12,094
			69,496
			-4,038
			-10,409
			2,344
			-22,703
			-15,114
			10,254
			1,460
			-5,944
			2,687
			216,797
			5,129,508


(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...................				0

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
GOLDMAN SACHS	MANAGEMENT SERVICES	776,603
200 WEST STREET 35TH FL NEW YORK,NY10282	MANAGEMENT SERVICES	776,603
ARTISIAN PARTNERS LTD	MANAGEMENT SERVICES	103,962
875 E WISCONSIN AVENUE STE 800 MILWAUKEE,WI53202	MANAGEMENT SERVICES	103,962
ALLIANCEBERNSTEIN	MANAGEMENT SERVICES	97,271
225 SOUTH SIXTH STREET STE 2500 MINNEAPOLIS,MN55402	MANAGEMENT SERVICES	97,271
KPMG LLP	AUDIT AND TAX SERVICES	90,438
90 S 7TH STREET SUITE 4200 MINNEAPOLIS,MN55402	AUDIT AND TAX SERVICES	90,438
OWNERSHIP CAPITAL GLOBAL	MANAGEMENT SERVICES	65,893
1209 ORANGE STREET WILMINGTON,DE19801	MANAGEMENT SERVICES	65,893

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
APTITUDE ALTERNATIVE EQUITY	FMV	17,921,531	17,921,531
BLACK EQUITY OPPORTUNITIES	FMV	121,172	121,172
CASSIOPEIA FUND LIMITED	FMV	30,586	30,586
E & F PRIVATE EQUITY MANAGERS	FMV	1,060,255	1,060,255
IMPRINT OPPS	FMV	2,240,337	2,240,337
LUXOR CAPITAL PARTNERS	FMV	487,777	487,777
OZ MASTER FUND	FMV	1,991	1,991
PRIVATE CR MGRS IV	FMV	4,720,163	4,720,163
PRIVATE CREDIT MANAGERS (2023)	FMV	183,050	183,050
TACTICAL TRADING MANAGERS	FMV	4,676,211	4,676,211
VINTAGE REAL ESTATE PARTNERS	FMV	50,565	50,565

Description	Revenue and Expenses per Books	Net Investment Income
SUPPLIES & EQUIPMENT	25,054	0
MISCELLANANEOUS EXPENSE	5,000	0
OTHER EXPENSES	0	213,805

Description	Amount
IN-KIND AND SERVICE CONTRIBUTIONS	242,276
UNREALIZED GAINS	22,460,753
REPORTING METHOD CHANGE TO PRESENT BALANCE SHEET AT FMV VS COST	1,068,204

Category	Amount	Net Investment Income
ALLIANCE BERNSTEIN	97,271	97,271
PROFESSIONAL SERVICES	333,819	91,543
RTI PARTNERS LTD	103,962	103,962
GOLDMAN SACHS ASSET	776,603	776,603
WELLINGTON TRUST CO	20,080	20,080
ACADIAN INTERNATIONAL	43,687	43,687
OWNERSHIP CAPITAL	65,893	65,893
PACIFIC ASSET MANAGEMENT	21,063	21,063
MSCI EAFE INDX NL	361	361
S&P 500 R INDX NL	246	246
SSGA LONG US TREASURY	3,056	3,056
APERIO GROUP	51,245	51,245

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX EXPENSE	397,581	0	0	0
FOREIGN TAXES PAID	0	98,277	0	0

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
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