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
SLAGGIE FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1097
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WINONA, MN55987
A Employer identification number

41-1878894
B Telephone number (see instructions)

(507) 474-9150
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$116,140,590J 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) 28,490,665
2 Check right arrow.............
3 Interest on savings and temporary cash investments 602,583 602,583  
4 Dividends and interest from securities... 1,636,568 1,636,568  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 18,781,447
b Gross sales price for all assets on line 6a 69,879,347
7 Capital gain net income (from Part IV, line 2)... 18,781,447
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
17,462 0 0
12 Total. Add lines 1 through 11........ 49,528,725 21,020,598 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,145 14,144 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
896,109 896,109 0 0
17 Interest............... 351,425 351,425 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,917 29,917 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 1,325 132 0 1,193
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,277 0 0 1,638
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,329,198 1,291,727 0 2,831
25 Contributions, gifts, grants paid....... 3,633,710 3,633,710
26 Total expenses and disbursements. Add lines 24 and 25 4,962,908 1,291,727 0 3,636,541
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 44,565,817
b Net investment income (if negative, enter -0-) 19,728,871
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......... 2,009,697 5,934,566 5,934,566
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 104,719 Click to see attachment
List of Attached Documents:
// Content
97,677 		97,677
b Investments—corporate stock (attach schedule)....... 49,339,982 Click to see attachment
List of Attached Documents:
// Content
83,947,943 		99,291,946
c Investments—corporate bonds (attach schedule)....... 16,853,544 Click to see attachment
List of Attached Documents:
// Content
11,035,712 		10,816,401
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 250,000 0 0
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
-26,970 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,530,972 101,015,898 116,140,590
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,552,659 		Click to see attachment
List of Attached Documents:
// Content
2,443,303
23 Total liabilities (add lines 17 through 22)......... 2,552,659 2,443,303
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........ 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 65,978,313 98,572,595
29 Total net assets or fund balances (see instructions)..... 65,978,313 98,572,595
30 Total liabilities and net assets/fund balances (see instructions). 68,530,972 101,015,898
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
65,978,313
2
Enter amount from Part I, line 27a .....................
2
44,565,817
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
74,615
4
Add lines 1, 2, and 3 ..........................
4
110,618,745
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
12,046,150
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
98,572,595
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 PUBLICLY TRADED SECURITIES      
b PUBLICLY TRADED SECURITIES      
c CAPITAL GAINS DIVIDENDS P    
d
e
(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 15,118,224   13,951,172 1,167,052
b 54,726,600   37,146,728 17,579,872
c 34,523     34,523
d
e
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       1,167,052
b       17,579,872
c       34,523
d
e
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 18,781,447
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) 1 274,231
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........................... 3 274,231
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- ..... 5 274,231
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 68,508
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 68,508
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.......right arrow 9 205,723
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   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? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMICHAEL SLAGGIE Telephone no.right arrow (507) 474-3005

Located atright arrow111 MARKET STREETWINONAMN ZIP+4right arrow55987
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
STEPHEN M SLAGGIE PRESIDENT
2.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
BARBARA J SLAGGIE TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
MICHAEL J SLAGGIE VP
12.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
AMANDA SLAGGIE SECRETARY
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
MATTHEW S SLAGGIE TREASURER
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
SARA J SLAGGIE POULOS TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
GREGORY T POULOS TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
MICHELLE M SCHLEHUBER TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
THOMAS M SCHLEHUBER TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
LINDSAY SLAGGIE TRUSTEE
1.00 		0 0 0
111 MARKET ST STE 3B
WINONA,MN55987
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
75,258,222
b
Average of monthly cash balances.......................
1b
12,887,658
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
88,145,880
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
88,145,880
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,322,188
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
86,823,692
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,341,185
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
4,341,185
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
274,231
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
274,231
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,066,954
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,066,954
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,066,954
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
3,636,541
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,636,541
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 4,066,954
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......  
c From 2021......  
d From 2022...... 604,693
e From 2023......  
f Total of lines 3a through e ........ 604,693
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,636,541
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..... 3,636,541
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 430,413 430,413
(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 5 174,280
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 ...... 		174,280
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 174,280
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
STEPHEN M SLAGGIE
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
SLAGGIE FAMILY FOUNDATION
111 MARKET ST STE 3B
WINONA,MN55987
(507) 474-9150
SFF@HBCI.COM
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION AVAILABLE VIA EMAIL OR BY CALLING OFFICE. INCLUDE LETTER STATING REQUEST, ORGANIZATION STATUS AND EIN
cAny submission deadlines:
NO DUE DATE
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

ADVENTURES IN MISSIONS

6000 WELLSPRING TRAIL
GAINESVILLE,GA30506 		    GENERAL SUPPORT 500

ALS ASSOCIATION OF GREATER SAN DIEGO

1980 PEACOCK BLVD SUITE A
OCEANSIDE,CA92056 		    GENERAL FUND 1,000

ALZHEIMER'S ASSOCATION - MNND CHAPTER

7900 W 78TH STREET SUITE 100
EDINA,MN55439 		    GENERAL FUND 1,000

AMERICAN CANCER SOCIETY MIDWEST DIVISION

PO BOX 21600
SAINT PAUL,MN55121 		    GENERAL SUPPORT 15,000

AMPUTEE BLADE RUNNERS

410 42ND AVE N SUITE 207
NASHVILLE,TN37209 		    GENERAL SUPPORT 16,000

ANZA BORREGO FOUNDATION

587 PALM CANYON DR 122
BORREGO SPRINGS,CA92004 		    GENERAL SUPPORT 10,000

AQUA HEDIONDA LAGOON FOUNDATION

15800 CANNON RD
CARLSBAD,CA92008 		    DONATION TO AGUA HEDIONDA LAGOON FOUNDATION - $5K TO GENERAL FUND AND $5K TO STEAM CAMP INITIATIVE 10,000

ASSUMPTION CHURCH

323 WEST ILLINOIS STREET
CHICAGO,IL60654 		    GENERAL FUND 5,000

AVE MARIA SCHOOL OF LAW

1025 COMMONS CIR
NAPLES,FL34119 		    GENERAL SUPPORT 1,000

BIRCH AQUARIUM

2300 EXPEDITION WAY
LA JOLLA,CA92037 		    GENERAL SUPPORT 3,000

BOYS & GIRLS CLUB OF CARLSBAD CA

3115 ROOSEVELT ST
CARLSBAD,CA92008 		    GENERAL SUPPORT 20,000

BRIDGER SKI FOUNDATION

PO BOX 1243
BOZEMAN,MT59771 		    MAKING SKI ACCESSIBLE FOR FAMILIES 2,500

BRIDGING BIONICS

PO BOX 3766
BASALT,CO81621 		    IN MEMORY OF POLLY MALEHORN 1,030

BROTHER BENNO FOUNDATION

3260 PRODUCTION AVE
OCEANSIDE,CA92058 		    GENERAL SUPPORT 20,000

CAMP FIESTA

1750 FIESTA ISLAND RD
SAN DIEGO,CA92109 		    DONATION TO SCHOLARSHIPS FOR 2 KIDS TO ATTEND CAMP FIESTA, A SUMMER CAMP FOR KIDS WHO HAVE/SURVIVED CHILDHOOD CANCER. GIVEN IN HONOR OF DAN LEBATARD SHOW/JEREMY TACHE 3,000

CAMP ODAYIN

3503 HIGH POINT DR N SUITE 350
OAKDALE,MN55128 		    GENERAL SUPPORT 1,030

CARLSBAD EDUCATIONAL FOUNDATION

5650 EL CAMINO REAL 101
CARLSBAD,CA92008 		    OPERATING SUPPORT 10,000

CATHOLIC FAITH APPEAL - DIOCESE OF VENICE

1000 PINEBROOK ROAD
VENICE,FL34285 		    GENERAL SUPPORT 50,000

CATHOLIC SCHOOLS CENTER FOR EXCELLENCE

6600 FRANCE AVENUE SOUTH SUITE 520
EDINA,MN55435 		    GENERAL SUPPORT 160,000

CHILDREN'S HOSPITAL OF WISCONSIN

8915 W CONNELL CT
MILWAUKEE,WI53226 		    GENERAL SUPPORT 110,000

COLORADO COLLEGE

14 E CACHE LA POUDRE STREET
COLORADO SPRINGS,CO80903 		    GENERAL SUPPORT 7,000

COMMUNITY FOUNDATION OF COLLIER COUNTY

1110 PINE RIDGE RD STE 200
NAPLES,FL34108 		    GENERAL SUPPORT 50,000

COTTER HIGH SCHOOL

1115 WEST BROADWAY ST
WINONA,MN55987 		    GENERAL SUPPORT 1,566,500

DODGE NATURE CENTER

365 MARIE AVENUE WEST
WEST SAINT PAUL,MN55118 		    GENERAL FUND WHERE NEEDED 50,000

DOWN SYNDROME ASSOCIATION OF MN

656 TRANSFER RD
ST PAUL,MN55114 		    IN MEMORY OF MARK BURNS 2,500

EDINA ROTARY FOUNDATION

PO BOX 24481
EDINA,MN55424 		    DONATION TO "PURPLE GALA" FUNDRAISER TO RAISE FUNDS FOR INTERNATIONAL PROJECTS, SUPPORT ROTARY PROGRAMS AND AWARD GRANTS/EDUCATION SCHOLARSHIPS TO LOCAL NON-PROFITS & EDINA HIGH SCHOOL STUDENTS 25,000

FAMILY & CHILDREN'S CENTER

601 FRANKLIN ST
WINONA,MN55987 		    GENERAL GIVINGMATTY'S PLACE 25,000

FATHER JOE'S VILLAGE

1501 IMPERIAL AVE BMC 514A
SAN DIEGO,CA92101 		    GENERAL SUPPORT 20,000

FRIENDS OF RAYMOND JAMES

880 CARILLON PARKWAY ST
ST PETERSBURG,FL33716 		    GENERAL SUPPORT 35,000

GIGI'S PLAYHOUSE

4740 PARK GLEN RD
ST LOUIS PARK,MN55416 		    DONATION TO AVA'S DANCE PARTY FUNDRAISER, PROVIDING MENTAL HEALTH SERVICES TO DEVELOPMENTALLY CHALLENGED 500

GUADALUPE REGIONAL MIDDLE SCHOOL

1214 LINCOLN ST
BROWNSVILLE,TX78521 		    DONATION TO OPERATIONAL SUPPORT IN HONOR OF MADELINE SCHLEHUBER 10,000

HEARTBEAT PREGNANCY CENTER

8405 PULSAR PL
COLUMBUS,OH43240 		    GENERAL SUPPORT 50,000

HEIFER INTERNATIONAL

1 WORLD AVE
LITTLE ROCK,AR72202 		    END HUNGER AND POVERTY AROUND THE WORLD BY PROVIDING LIVESTOCK AND TRAINING TO STRUGGLING COMMUNITIES 5,000

HELEN WOODWARD ANIMAL SHELTER OF CA

6461 EL APAJO
RANCHO SANTA FE,CA92067 		    GENERAL SUPPORT 5,000

HOLY TRINITY SCHOOL

745 6TH AVE S
ST PAUL,MN55075 		    5K TUITION ASSISTANCE AND 5K PRINCIPALS DISCRETIONARY FUND 10,000

HUBBS SEA WORLD RESEARCH INSTITUTE

2595 INGRAHAM ST
SAN DIEGO,CA92109 		    DONATION TO HUBBS SEA WORLD RESEARCH INSTITUTE - AREA OF GREATEST NEED 5,000

HURRY BACK PRODUCTIONS

1115 WEST BROADWAY ST
WINONA,MN55987 		    GENERAL SUPPORT 80,000

ICAN SHINE INC

PO BOX 541
PAOLI,PA19301 		    DONATION TOWARDS ICAN BIKE CAMP IN WINONA, MN TEACHING DISABLED YOUTH THE SKILL OF BIKE RIDING 2,000

JESUITS CENTRAL & SOUTHERN PROVINCE

4511 W PINE BLVD
ST LOUIS,MO63108 		    GENERAL SUPPORT 5,000

JUNIOR ACHIEVEMENT NORTH

1745 UNIVERSITY AVE W
ST PAUL,MN55104 		    PROGRAM SUPPORT FOR WINONA COUNTY 1,000

LORENZO'S HOUSE

PO BOX 5117
BOONE,IA50950 		    DONATION TO LORENZO'S HOUSE, HELPING FAMILIES DEALING WITH YOUNG-ONSET DEMENTIA 1,000

MARCO ISLAND CHARTER MIDDLE SCHOOL

1401 TRINIDAD AVE
MARCO ISLAND,FL34145 		    DONATION TO ROCKTOBERFEST FUNDRAISER 5,000

MARQUETTE UNIVERSITY

1250 W WISCONSIN AVE
MILWAUKEE,WI53233 		    COMMUNICATIONS SCHOLARSHIPALUMNI EVENT 250,000

MARY QUEEN OF PEACE CATHOLIC SCHOOL

21201 CHURCH AVE
ROGERS,MN55374 		    GENERAL SUPPORT 11,000

MINNESOTA PRIVATE COLLEGE FUND

445 MINNESOTA ST
ST PAUL,MN55101 		    DONATION TO STUDENT SCHOLARSHIP FUND 3,000

MINNESOTA ZOO FOUNDATION

13000 ZOO BLVD
APPLE VALLEY,MN55124 		    GENERAL SUPPORT 1,000

MN ADULT & TEEN CHALLENGE

525 WILLOW DR
ALEXANDRIA,MN56308 		    GENERAL SUPPORT 500

MN BEETHOVEN FESTIVAL

700 TERRACE HEIGHTS
WINONA,MN55987 		    DIRECTOR'S CIRCLE SPONSORSHIP 25,000

MN ELKS YOUTH CAMP

10860 CO RD 118
NISSWA,MN56468 		    DONATION TO MINNESOTA ELKS YOUTH CAMP, SUPPORTING SCHOLARSHIPS FOR CAMPERS TO ATTEND, IN MEMORIAL OF JARED KUEHL 3,000

MONTANA STATE UNIVERSITY ALUMNI FOUNDATION

1501 S 11TH AVE
BOZEMAN,MT59715 		    ANNUAL ALUMNI CAMPAIGN 5,000

MONTROSE SCHOOL

29 NORTH ST
MEDFIELD,MA02052 		    DONATION TO ALL GIRLS ACADEMY 110,000

MORRIE MILLER ATHLETIC FOUNDATION

580 E FRONT STREET
WINONA,MN55987 		    DONATION TO 2022 BANQUET FUNDRAISER 10,000

ONCOLOGY AND KIDS INC

8898 NAVAJO RD
SAN DIEGO,CA92119 		    DONATION TO SUMMER CAMPS - TRIBUTE TO JANINE WATTS 25,000

OUR DAILLY BREAD

1450 WINTERBERRY DR
MARCO ISLAND,FL34145 		    DONATION TO NAPLES, FL AREA FOOD PANTRY 5,000

OUR LADY COMFORTER OF THE AFFLICTED PARISH

920 TRAPELO RD
WALTHAM,MA02452 		    APPRECIATION OF RELIGIOUS SERVICES AND PROGRAMMING 5,000

PACIFIC RIDGE SCHOOL

6269 EL FUERTE ST
CARLSBAD,CA92009 		    ANNUAL FUND PLEDGE PAYMENT 25,000

RECREATION ALLIANCE OF WINONA

351 LAFAYETTE ST
WINONA,MN55987 		    DONATION TO PRAIRIE ISLAND ADVENTURE CLUB SUMMER CAMPS, PROVIDING OUTDOOR EDUCATION TO UNDERPRIVILEGED YOUTH 2,000

SAINT BENEDICT CLASSICAL ACADEMY

2 PLEASANT STREET
SOUTH NATICK,MA017605622 		    GENERAL SUPPORT 200,000

SAINT MARYS PARISH

1303 W BROADWAY ST
WINONA,MN55987 		    GENERAL SUPPORT 2,500

SAINT SEBASTIAN'S SCHOOL

1191 GREENDALE AVENUE
NEEDHAM,MA02492 		    GENERAL SUPPORT 100,000

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		    DONATION TO SUPPORT CHRIST-CENTERED DISASTER RELIEF FOR HURRICANE HELENE 5,000

SAN DIEGO BOTANIC GARDEN

300 QUAIL GARDENS DR AT ECKE RANCH
RD
ENCINITAS,CA92024 		    GENERAL SUPPORT 5,000

SINSINAWA DOMINICAN SISTERS

585 COUNTY ROAD Z
SINSINAWA,WI53824 		    GENERAL SUPPORT 1,000

SISTERS OF SAINT FRANCIS

1001 14TH STREET NW 100
ROCHESTER,MN55901 		    DONATION IN MEMORY OF SISTER ETHYLIND LOUDNER 1,000

ST PATRICKS CHURCH

3821 ADAMS ST
CARLSBAD,CA92008 		    GENERAL SUPPORT 5,000

ST JUDE CHILDRENS HOSPITAL

262 DANNY THOMAS PL
MEMPHIS,TN38105 		    GENERAL SUPPORT 30,000

ST JOHN'S UNIVERSITY

2850 ABBEY RD
COLLEGEVILLE,MN56321 		    ALUMNI FUND; STUDENT FUND 6,500

ST MARY'S UNIVERSITY OF MN

700 TERRACE HEIGHTS
WINONA,MN55987 		    GENERAL SUPPORT 1,000

ST NORBERT'S COLLEGE

100 GRANT ST
DE PERE,WI54115 		    GENERAL SUPPORT 2,000

ST STANISLAUS KOSTKA

625 E 4TH ST
WINONA,MN55987 		    GENERAL SUPPORT 12,500

ST THOMAS ACADEMY

949 MENDOTA HEIGHTS RD
MENDOTA HEIGHTS,MN55120 		    GENERAL SUPPORT 10,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK STREET SE SUITE 500
MINNEAPOLIS,MN554552010 		    GAVIN QUIMBY MEDICAL RESEARCH FUNDGOLF FORE DIABETES RESEARCH 25,000

UNIVERSITY OF NOTRE DAME

1251 NORTH EDDY STREET SUITE 300
SOUTH BEND,IN46617 		    SCHOLARSHIP FUND 75,000

VITERBO UNIVERSITY

900 VITERBO DR
LA CROSSE,WI54601 		    GENERAL SUPPORT 1,000

VOICES FOR CHILDREN

2851 MEADOW LARK DR
SAN DIEGO,CA92123 		    GENERAL SUPPORT 2,500

WILDCOAST CA

2010 JIMMY DURANTE BLVD STE 230
DEL MAR,CA92014 		    COASTAL PRESERVATION 5,000

WINONA AREA HUMANE SOCIETY

1112 E BROADWAY ST
WINONA,MN55987 		    GENERAL SUPPORT 1,500

WINONA COMMUNITY FOUNDATION

111 E RIVERFRONT ST
WINONA,MN55987 		    GENERAL SUPPORT 51,000

WINONA COUNTY HISTORICAL SOCIETY

160 JOHNSON ST
WINONA,MN55987 		    ENDOWMENT 25,000

WINONA DAC

1721 W SERVICE DR
WINONA,MN55987 		    GENERAL SUPPORT 1,000

WINONA ORC

1053 E MARK STREET
WINONA,MN55987 		    GENERAL SUPPORT 3,150

WINONA ROTARY CLUB

302 E SARNIA
WINONA,MN55987 		    GENERAL SUPPORT 1,500

WINONA VOLUNTEER SERVICES

402 E 2ND ST
WINONA,MN55987 		    CHILDREN'S BACKPACK PROGRAMANNUAL FUND DRIVE 150,000

WSU FOUNDATION

PO BOX 5838
WINONA,MN55987 		    GENERAL SUPPORT 3,500

YMCA OF THE NORTH

651 NICOLLET MALL STE 500
MINNEAPOLIS,MN55402 		    GENERAL SUPPORT 25,000

YOUNG MUSICIANS

1584 NW 29TH ST
MIAMI,FL33142 		    GENERAL SUPPORT 1,000
Total .................................right arrow 3a 3,633,710
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 602,583  
4 Dividends and interest from securities ....     14 1,636,568  
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 .....     14 17,462  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 18,781,447  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 21,038,060 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
21,038,060
(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
SLAGGIE FAMILY FOUNDATION
 
Employer identification number

41-1878894
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
SLAGGIE FAMILY FOUNDATION
  		Employer identification number
41-1878894
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
NIPPER NCLA TRUST NO 1
 
216 LAKE PARK DR
 
WINONA, MN55987

$ 1,821,040


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
NIPPER NCLA TRUST NO 2
 
216 LAKE PARK DR
 
WINONA, MN55987

$ 870,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
NIPPER NCLA TRUST NO 3
 
216 LAKE PARK DR
 
WINONA, MN55987

$ 1,788,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
STEPHEN SLAGGIE
 
1870 RALPH SCHARMER DR
 
WINONA, MN55987

$ 24,011,625


(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
SLAGGIE FAMILY FOUNDATION
  		Employer identification number

41-1878894
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SLAGGIE FAMILY FOUNDATION
  		Employer identification number

41-1878894
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 14,645 4,394 0 0
ACCOUNTING/TAX RETURN 32,500 9,750 0 0

TY 2024 InvestmentsCorpBondsSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 11,035,712 10,816,401

TY 2024 InvestmentsCorpStockSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 83,947,943 99,291,946

TY 2024 InvestmentsGovtObligationsSch
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

0
State & Local Government Securities - End of Year Book Value:


97,677
State & Local Government Securities - End of Year Fair Market Value:


97,677


TY 2024 OtherAssetsSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PTP INVESTMENT -26,970 0 0


TY 2024 OtherDecreasesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Amount
ADJUSTMENT FOR UNREALIZED GAIN/LOSS 12,046,150


TY 2024 OtherExpensesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE EXPENSES 364 0 0 182
MISCELLANEOUS EXPENSE 274 0 0 137
DUES & SUBSCRIPTIONS 2,470 0 0 1,235
MEALS 169 0 0 84


TY 2024 OtherIncomeSchedule2
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PTP DISTRIBUTIONS 3,503 0  
RAYMOND JAMES - NONDIVIDEND DISTRIBUTIONS 13,959 0  


TY 2024 OtherIncreasesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Amount
BASIS ADJUST 7
TIMING DIFFERENCES 74,608


TY 2024 OtherLiabilitiesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Description Beginning of Year - Book Value End of Year - Book Value
MARGIN PAYABLE 2,552,659 2,443,303


TY 2024 OtherProfessionalFeesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 896,109 896,109 0 0


TY 2024 SubstantialContributorsSch
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Name Address
NIPPER NCLA TRUST NO 1
  		216 LAKE PARK DR
WINONA,MN55987
STEPHEN M SLAGGIE 1870 RALPH SCHARMER DR
WINONA,MN55987
BARBARA SLAGGIE 1870 RALPH SCHARMER DR
WINONA,MN55987
NIPPER NCLA TRUST NO 2
  		216 LAKE PARK DR
WINONA,MN55987
NIPPER NCLA TRUST NO 3
  		216 LAKE PARK DR
WINONA,MN55987
NIPPER NCLA TRUST NO 4
  		216 LAKE PARK DR
WINONA,MN55987


TY 2024 TaxesSchedule
Name:
SLAGGIE FAMILY FOUNDATION
EIN:
41-1878894
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 29,917 29,917 0 0