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
CARLSON FAMILY LIGHTSHIELD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)11591 217TH AVE NW
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ELK RIVER, MN55330
A Employer identification number

83-4534853
B Telephone number (see instructions)

(763) 284-7063
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$4,828,139J 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) 7,700
2 Check right arrow.............
3 Interest on savings and temporary cash investments 615 615  
4 Dividends and interest from securities... 87,860 87,860  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 807,178
b Gross sales price for all assets on line 6a 2,826,089
7 Capital gain net income (from Part IV, line 2)... 807,178
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 903,353 895,653  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 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
7,700 3,850   3,850
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
32,700 32,700   0
17 Interest............... 27 27   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,867 3,867   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 44,294 40,444   3,850
25 Contributions, gifts, grants paid....... 665,168 665,168
26 Total expenses and disbursements. Add lines 24 and 25 709,462 40,444   669,018
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 193,891
b Net investment income (if negative, enter -0-) 855,209
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 290,383 1,274,278 1,274,278
2 Savings and temporary cash investments.........      
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)      
b Investments—corporate stock (attach schedule)....... 4,500,552 Click to see attachment
List of Attached Documents:
// Content
3,553,861 		3,553,861
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,790,935 4,828,139 4,828,139
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 4,790,935 4,828,139
29 Total net assets or fund balances (see instructions)..... 4,790,935 4,828,139
30 Total liabilities and net assets/fund balances (see instructions). 4,790,935 4,828,139
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
4,790,935
2
Enter amount from Part I, line 27a .....................
2
193,891
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,984,826
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
156,687
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,828,139
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 CAPITAL GAINS DIVIDENDS P    
c
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 2,825,654   2,018,911 806,743
b 435     435
c
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       806,743
b       435
c
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 2 807,178
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 11,887
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 11,887
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 11,887
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 111
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 3,002
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,002 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. 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 arrowHTTPS://WWW.LIGHTSHIELDFOUNDATION.ORG/
14
The books are in care ofright arrowCHRIS CARLSON Telephone no.right arrow (763) 284-7063

Located atright arrow11591 217TH AVE NWELK RIVERMN ZIP+4right arrow55330
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
CHRISTOPHER D CARLSON PRESIDENT & DIRECTOR
1.00 		0 0 0
11591 217TH AVENUE NW
ELK RIVER,MN55330
DEBRA L CARLSON VICE PRESIDENT & DIRECTOR
1.00 		0 0 0
11591 217TH AVENUE NW
ELK RIVER,MN55330
TAYLOR G SCHROER TREASURER & DIRECTOR
1.00 		0 0 0
11591 217TH AVENUE NW
ELK RIVER,MN55330
ANDREW C CARLSON SECRETARY & DIRECTOR
1.00 		0 0 0
11591 217TH AVENUE NW
ELK RIVER,MN55330
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
4,451,722
b
Average of monthly cash balances.......................
1b
519,841
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,971,563
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
4,971,563
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
74,573
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,896,990
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
244,850
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
244,850
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
11,887
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,887
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
232,963
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
232,963
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
232,963
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
669,018
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
669,018
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 7 232,963
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...... 218,713
c From 2021...... 255,216
d From 2022...... 115,889
e From 2023...... 171,505
f Total of lines 3a through e ........ 761,323
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 669,018
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..... 232,963
e Remaining amount distributed out of corpus 436,055
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,197,378
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 ...... 		1,197,378
10 Analysis of line 9:
a Excess from 2020.... 218,713
b Excess from 2021.... 255,216
c Excess from 2022.... 115,889
d Excess from 2023.... 171,505
e Excess from 2024.... 436,055
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).)
CHRISTOPHER D CARLSON
DEBRA L CARLSON
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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

BIG LAKE COMMUNITY FOOD SHELF

PO BOX 501 160 LAKE ST NORTH
BIG LAKE,MN55309 		NONE PC GENERAL SUPPORT 12,500

CAER FOOD SHELF AKA COMMUNITY AID ELK RIVER

12621 ELK LAKE ROAD NW
ELK RIVER,MN55330 		NONE PC GENERAL SUPPORT 12,500

GATEWAY CHURCH

13913 185TH AVE NW
ELK RIVER,MN55330 		NONE PC GENERAL SUPPORT 153,466

MN ADULT TEEN CHALLENGE

740 EAST 24TH STREET
MINNEAPOLIS,MN55404 		NONE PC GENERAL SUPPORT 25,500

THUMBS UP HIGH

PO BOX 478
ELK RIVER,MN55330 		NONE PC GENERAL SUPPORT 5,000

AMERICAN LEGION

525 RAILROAD DR NW
ELK RIVER,MN55330 		NONE PC GENERAL SUPPORT 1,000

ALL NATIONS NEW LIFE

111 WABASHA AVE NE
WARROAD,MN56763 		NONE PC GENERAL SUPPORT 5,000

HUNTER HOULE MEMORIAL FOUNDATION

20195 GREYSTON AVE N
FOREST LAKE,MN55025 		NONE PC GENERAL SUPPORT 10,000

FISHING FOR LIFE

PO BOX 19320
MINNEAPOLS,MN55419 		NONE PC GENERAL SUPPORT 10,000

CHILDRENS CANCER RESEARCH FUND

7301 OHMS LN STE 355
MINNEAPOLIS,MN55439 		NONE PC GENERAL SUPPORT 2,000

ST JUDES

7301 OHMS LN STE 310
MINNEAPOLIS,MN55439 		NONE PC GENERAL SUPPORT 17,000

MINNESOTA FCA

2 PINE TREE DR SUITE 450
ARDEN HLLLS,MN55112 		NONE PC GENERAL SUPPORT 10,000

NISSWA FIRE DEPARTMENT

25636 MAIN ST
NISSWA,MN56468 		NONE PC GENERAL SUPPORT 500

RIVER OF HOPE

3300 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		NONE PC GENERAL SUPPORT 1,000

CENTRAL LAKE COLLEGE

501 W COLLEGE DR
BRAINERD,MN56401 		NONE PC GENERAL SUPPORT 1,000

BACKING THE BLUE LINE

7900 INTERNATIONAL DR 300
BLOOMINGTON,MN55425 		NONE PC GENERAL SUPPORT 500

BIG LAKE BASS TEAM

501 MINNESOTA AVE E
BIG LAKE,MN55309 		NONE PC GENERAL SUPPORT 1,000

ANOKA TECHNICAL COLLEGE

1355 US-10
ANOKA,MN55303 		NONE PC GENERAL SUPPORT 2,000

BREEZY POINT 5K

4819 BREEZY POINT RD
DULUTH,MN55803 		NONE PC GENERAL SUPPORT 500

VIETNAM VETERANS OF AMERICA

8719 COLESVILLE ROAD SUITE 100
SILVER SPRING,MD20910 		NONE PC GENERAL SUPPORT 1,000

CENTRAL MINNESOTA CHRISTIAN SCHOOL

204 SCHOOL ST
PRINSBURG,MN56281 		NONE PC GENERAL SUPPORT 500

ELKS CLUB

6812 HEMLOCK LANE
MAPLE GROVE,MN55369 		NONE PC GENERAL SUPPORT 500

WORLD HARVEST NETWORK

6163 CAHILL AVENUE EAST
INVER GRIVE HEIGHTS,MN55077 		NONE PC GENERAL SUPPORT 5,000

COOK LIONS CLUB FLOOD RELIEF

426 1ST AVE SE
COOK,MN55723 		NONE PC GENERAL SUPPORT 3,510

LIVIN FOUNDATION

2158 7TH AVE PO BOX 652
ANOKA,MN55303 		NONE PC GENERAL SUPPORT 1,000

CITY OF BIG LAKE FINANCEHUMAN RESOURSES DEPARTMENT

160 LAKE STREET N
BIG LAKE,MN55309 		NONE PC GENERAL SUPPORT 25,000

ZIMMERMAN ARCHERY CLUB

25900 4TH ST WEST
ZIMMERMAN,MN55398 		NONE PC GENERAL SUPPORT 500

COVENANT CHRISTIAN ACADEMY

1246 MINNESOTA AVE
BIG LAKE,MN55309 		NONE PC GENERAL SUPPORT 350,000

SRP CRITICAL RESPONSE TEAM

21515 HAWTHORNE BLVD STE 200
LOS ANGELES,CA90504 		NONE PC GENERAL SUPPORT 5,000

THE FRONT LINE FOUNDATION

6422 W LAKE ST
MINNEAPOLIS,MN55426 		NONE PC GENERAL SUPPORT 1,139

BETHANY HAUGEN

5526 PETERSON TRL
CAMBRIDGE,MN55008 		NONE PC GENERAL SUPPORT 520

ACHIEVE SERVICES

1201 89TH AVE NE
BLAINE,MN55434 		NONE PC GENERAL SUPPORT 1,033
Total .................................right arrow 3a 665,168
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 ........... 		    14 615  
4 Dividends and interest from securities ....     14 87,860  
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 ............ 		    18 807,178  
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) .. 0 895,653 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
895,653
(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
CARLSON FAMILY LIGHTSHIELD FOUNDATION
 
Employer identification number

83-4534853
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
CARLSON FAMILY LIGHTSHIELD FOUNDATION
  		Employer identification number
83-4534853
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
ENVISION COMPANY
 
11591 217TH AVE NW
 
ELK RIVER, MN55330

$ 7,700


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
CARLSON FAMILY LIGHTSHIELD FOUNDATION
  		Employer identification number

83-4534853
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
CARLSON FAMILY LIGHTSHIELD FOUNDATION
  		Employer identification number

83-4534853
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:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 7,700 3,850   3,850

TY 2024 InvestmentsCorpStockSchedule
Name:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Name of Stock End of Year Book Value End of Year Fair Market Value
AECOM 9,826 9,826
ALLSTATE CORP 14,073 14,073
AMERICAN WATER WORKS CO INC 19,544 19,544
AMERIPRISE FINANCIAL INC 21,829 21,829
AMETEK INC 11,355 11,355
ARCH CAPITAL GROUP LTD 16,160 16,160
AVANTOR INC 15,380 15,380
BJS WHSL CLUB HLDGS 21,087 21,087
BOOZ ALLEN HAMILTON HLDG CORP 11,583 11,583
BUILDERS FIRSTSOURCE INC 7,432 7,432
CARLISLE COS INC 8,114 8,114
CENCORA INC 22,468 22,468
CORTEVA INC 8,430 8,430
CURTIS WRIGHT CORP 20,582 20,582
DARDEN RESTAURANTS INC 12,135 12,135
DEXCOM INC 10,499 10,499
DIAMONDBACK ENERGY INC 14,417 14,417
DISCOVER FINANCIAL SERVICES 18,882 18,882
EAST WEST BANCORP INC 9,959 9,959
ENTEGRIS INC 11,392 11,392
EPAM SYSTEMS INC 10,990 10,990
EQUITY RESIDENTIAL SBI 16,720 16,720
FORTINET INC 12,471 12,471
HESS CORP 8,380 8,380
HOULIHAN LOKEY INC 28,133 28,133
HOWMET AEROSPACE INC 15,749 15,749
IDEXX LABS 7,028 7,028
INGERSOLL RAND INC 11,127 11,127
INTL FLAVORS&FRGRNCS 15,050 15,050
ITT INC COM 10,287 10,287
MANHATTAN ASSOC INC 11,891 11,891
MARTIN MARIETTA MATERIALS INC 14,462 14,462
MASIMO CORP 20,828 20,828
MOLINA HEALTHCARE INC 9,605 9,605
ON SEMICONDUCTOR CORP 9,394 9,394
RPM INTL INC (DELA) 9,230 9,230
SERVICE CORP INTL 17,800 17,800
TAKE-TWO INTERACTIVE SOFTWARE 13,438 13,438
TERADYNE INC 7,681 7,681
TOLL BROTHERS INC 10,454 10,454
TRADEWEB MARKETS INC 25,398 25,398
TYLER TECHNOLOGIES INC 22,489 22,489
VISTRA CORP 11,581 11,581
YUM! BRANDS INC 17,709 17,709
ZSCALER INC 14,613 14,613
ABBOTT LABS 24,997 24,997
ABBVIE INC COM 16,704 16,704
ACCENTURE PLC IRELAND CL A 17,590 17,590
AMER EXPRESS CO 20,479 20,479
ANALOG DEVICES INC 20,396 20,396
AUTOMATIC DATA PROCESSING INC 25,175 25,175
BLACKROCK INC 25,628 25,628
BROADCOM INC 63,988 63,988
CHUBB LTD CHF 18,512 18,512
COCO COLA CO 19,861 19,861
EATON CORP PLC 7,301 7,301
EXXON MOBIL CORP 13,016 13,016
HOME DEPOT INC 30,730 30,730
JOHNSON & JOHNSON COM 20,102 20,102
JP MORGAN CHASE & CO 33,799 33,799
KLA CORP 7,561 7,561
LINDE PLC EUR 17,584 17,584
MARSH & MCLENNAN COS INC 15,506 15,506
MCDONALDS CORP 16,234 16,234
MICROSOFT CORP 89,358 89,358
MORGAN STANLEY 22,630 22,630
NEXTERA ENERGY INC COM 21,005 21,005
ORACLE CORP 29,162 29,162
PHILLIPS 66 14,127 14,127
PROCTER & GAMBLE CO 17,268 17,268
PROLOGIS INC COM 21,457 21,457
REPUBLIC SERVICES INC 7,041 7,041
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 37,918 37,918
TEXAS INSTRUMENTS 18,751 18,751
TJX COS INC NEW 26,216 26,216
TRANE TECHNOLOGIES PLC 16,621 16,621
UNION PACIFIC CORP 19,611 19,611
UNITED HEALTH GROUP 26,305 26,305
ABBOTT LABS 7,578 7,578
ADOBE INC. (DELAWARE) 11,562 11,562
ADVANCED MICRO DEVICES INC 11,354 11,354
ALPHABET INC CL A 42,025 42,025
AMAZON.COM INC 70,205 70,205
AMERICAN TOWER CORP REIT 9,171 9,171
AMERIPRISE FINANCIAL 8,519 8,519
APPLE INC 66,361 66,361
ASML HLDG NV SPON ADR 11,782 11,782
BOSTON SCIENTIFIC CORP 11,969 11,969
BROADCOM INC 45,441 45,441
CHIPOTLE MEXICAN GRILL INC 12,965 12,965
INTUIT 11,942 11,942
INTUITIVE SURGICAL INC 14,093 14,093
LILLY ELI & CO 26,248 26,248
MASTERCARD INC CL A 21,589 21,589
META PLATFORMS CL A 50,354 50,354
MICROSOFT CORP 102,425 102,425
NVIDIA CORP 71,039 71,039
O'REILLY AUTOMOTIVE INC 10,672 10,672
ORACLE CORP 15,498 15,498
PALO ALTO NETWORKS INC 11,645 11,645
PARKER HANNIFIN CORP 11,449 11,449
PROGRESSIVE CORP OHIO 14,137 14,137
S&P GLOBAL INC 6,972 6,972
SALESFORCE.COM INC 16,382 16,382
SHERWIN WILLIAMS CO 11,898 11,898
THERMO FISHER SCIENTIFIC INC 8,324 8,324
TJX COS INC NEW 18,122 18,122
TRANSDIGM GROUP INC 10,138 10,138
UNION PACIFIC CORP 8,666 8,666
UNITEDHEALTH GROUP INC 11,635 11,635
VISA INC CL A 26,863 26,863
ACUSHNET HLDGS CORP 32,697 32,697
ARTISAN PARTNERS ASSET MGMT INC 18,296 18,296
ASPEN TECHNOLOGY INC DEL 14,978 14,978
BANCFIRST CORP 16,640 16,640
CLEARWATER ANALYTICS HLDGS INC 17,998 17,998
CORVEL CORP 41,389 41,389
DONALDSON CO INC 8,149 8,149
EMCOR GROUP INC 37,220 37,220
FACTSET RESH SYSTEMS INC 21,132 21,132
FIRST HAWAIIAN INC 22,265 22,265
FTI CONSULTING INC 42,049 42,049
GRACO INC 25,456 25,456
HENRY JACK & ASSOC INC 9,992 9,992
KADANT INC 29,669 29,669
KFORCE INC 8,278 8,278
LANDSTAR SYSTEMS INC 30,763 30,763
LCI INDUSTRIES 13,441 13,441
MANHATTAN ASSOC INC 22,700 22,700
MOELIS & CO CL A 31,473 31,473
PRIMERICA INC 47,770 47,770
RBC BEARINGS INC 25,726 25,726
RIGHTMOVE PLC ADR 22,080 22,080
RLI CORP 17,637 17,637
SIMPSON MANUFACTURING CO INC DELA 47,593 47,593
TORO CO 34,844 34,844
UFP INDS INC 23,657 23,657
WATTS WATER TECHNOLOGIES INC CL A 31,512 31,512
AIA GROUP LTD SPON ADR 7,061 7,061
AIR LIQUIDE ADR 8,675 8,675
AIRBUS SE UNSPONSORED ADR 6,891 6,891
ALLIANZ SE ADR 10,689 10,689
ASML HLDG NV SPON ADR 15,248 15,248
ASTRAZENECA PLC SPON ADR 14,218 14,218
ATLAS COPCO AB NEW REPSTG COM 7,051 7,051
BANCO SANTANDER S.A SPON ADR 9,061 9,061
BHP GROUP LTD SPON ADR 11,573 11,573
BRIDGESTONE CORP LTD ADR 3,289 3,289
CAPGEMINI SE UNSPONSORED ADR 5,681 5,681
CARLSBERG AS SPON ADR 5,588 5,588
COMPAGNIE FINANCIERE RICHEMONT 8,546 8,546
COMPASS GROUP PLC SPON ADR 5,677 5,677
DAIKIN INDS LTR ADR 4,672 4,672
DASSAULT SYSTEMS S A SPON ADR 7,956 7,956
DBS GROUP HLDGS LTD SPON ADR 19,462 19,462
DEUTSCHE TELEKOM AG DE SPON 16,388 16,388
DEUTSCHE BOERSE ADR 8,399 8,399
DIAGEO PLC NEW GB SPON ADR 8,518 8,518
HEINEKEN NV SPON ADR 4,458 4,458
HITACHI LTD ADR NEW JAPAN 13,156 13,156
HONG KONG EXCHANGE & CLEARING 2,327 2,327
HOYA CORP SPON ADR 10,540 10,540
IBERDROLA SA SPON ADR 7,609 7,609
INDUSTRIA DE DISENO TEXTIL IND ADR 12,781 12,781
INTERCONNTINENTAL HOTELS GROUP 12,117 12,117
ITOCHU CORP ADR JAPAN ADR 14,685 14,685
KBC GROUP NV ADR 10,877 10,877
KONINKLIJKE AHOLD DELHAIZE NV SPON ADR 3,780 3,780
LEGRAND S A UNSPONSORED ADR 11,509 11,509
LLOYDS BANKING GROUP PLC SPON 5,182 5,182
LONDON STK EXCHANGE UNSPONSORED ADR 9,601 9,601
LONZA GROUP AG ADR 7,818 7,818
LVMH MOET HENNESSY LOUIS NEW ADR 12,023 12,023
MICHELIN COMPAGNIE GENERALE ADR 7,425 7,425
MUNICH RE GROUP ADR 13,427 13,427
NATWEST GROUP PLC SPRONSORED SPON ADR 6,946 6,946
NESTLE S A SPONSORED ADR 11,928 11,928
NIPPON TELEG & TEL CORP SPON 4,619 4,619
NORDEA BK ABP SPON ADR 8,766 8,766
NOVO NORDISK ADR DENMARK ADR 12,645 12,645
RECRUIT HLDGS CO LTD UN SPONSORED ADR 8,619 8,619
RELX PLC SPON ADR 14,943 14,943
RIO TINTO PLC SPON ADR 7,704 7,704
ROYAL KPN N.V. SPON ADR 8,708 8,708
SAFRAN SA ADR 13,353 13,353
SANOFI SPON ADR 7,958 7,958
SAP SE SPON ADR 15,019 15,019
SCHNEIDER ELEC SE UNSPONSORED ADR 4,666 4,666
SHELL PLC SPON ADR 13,783 13,783
SHIMANO INC. UNSPONSORED ADR 4,656 4,656
SHIN ETSU CHEM CO LTD ADR 11,382 11,382
SONY GROUP CORP SPONSORED ADR 17,055 17,055
SSE PLC SPON ADR 6,716 6,716
SUMITOMO MITSUI FINANCIAL SPON 11,549 11,549
TAIWAN SEMICONDUCTOR MFG CO LTD ADR 16,984 16,984
TECHTRONIC INDS SPON ADR 4,068 4,068
TERUMO CORP ADR 11,954 11,954
TOKIO MARINE HOLDINGS INC SPON 10,734 10,734
TOKYO ELECTRON LTD ADR 4,680 4,680
TOTALENERGIES SE SPON ADR 13,843 13,843
UNICREDIT SPA UNSPONSORED ADR 13,247 13,247
VINCI S.A. ADR 8,829 8,829
VOLVO AB-A SHS UNSPONSORED ADR 12,703 12,703
3I GROUP PLC ADR 17,131 17,131

TY 2024 OtherDecreasesSchedule
Name:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Description Amount
UNREALIZED GAIN 156,687


TY 2024 OtherProfessionalFeesSchedule
Name:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 32,700 32,700   0


TY 2024 SubstantialContributorsSch
Name:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Name Address
CHRISTOPHER D CARLSON 11591 217TH AVE NW
ELK RIVER,MN55330
DEBRA L CARLSON 11591 217TH AVE NW
ELK RIVER,MN55330


TY 2024 TaxesSchedule
Name:
CARLSON FAMILY LIGHTSHIELD FOUNDATION
EIN:
83-4534853
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 3,867 3,867   0