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
BLYTHE BRENDEN-MANN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)401 E 8TH ST STE 319
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SIOUX FALLS, SD571037031
A Employer identification number

41-6546887
B Telephone number (see instructions)

(605) 336-6832
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$33,836,428J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,441,787 1,392,822  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
678,920
b Gross sales price for all assets on line 6a 2,362,408
7 Capital gain net income (from Part IV, line 2)... 678,920
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
122,847 124,241  
12 Total. Add lines 1 through 11........ 2,243,554 2,195,983  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 139,064 55,626   83,438
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
82,472 82,472   0
17 Interest............... 24,102 24,102   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
31,192 10,750   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
58,015 57,579   436
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 334,845 230,529 0 83,874
25 Contributions, gifts, grants paid....... 1,559,700 1,559,700
26 Total expenses and disbursements. Add lines 24 and 25 1,894,545 230,529 0 1,643,574
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 349,009
b Net investment income (if negative, enter -0-) 1,965,454
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......... 1,452,774 2,200,404 2,200,404
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,168,818 Click to see attachment
List of Attached Documents:
// Content
9,504,095 		22,087,386
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).......... 10,045,917 Click to see attachment
List of Attached Documents:
// Content
10,498,545 		9,548,638
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) 21,667,509 22,203,044 33,836,428
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 21,667,509 22,203,044
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 21,667,509 22,203,044
30 Total liabilities and net assets/fund balances (see instructions). 21,667,509 22,203,044
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
21,667,509
2
Enter amount from Part I, line 27a .....................
2
349,009
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
186,526
4
Add lines 1, 2, and 3 ..........................
4
22,203,044
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
22,203,044
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 2872. NITORI HLDGS CO LTD-UNSP ADR   2023-01-12 2024-01-16
b 118. TAIWAN SEMICONDUCTOR-SP ADR   2023-01-12 2024-02-12
c 1304. HAIER SMART HOME CO LTD-ADR   2023-07-27 2024-03-19
d 437. HAIER SMART HOME CO LTD-ADR   2023-01-12 2024-03-19
e 762. SHISEIDO LTD-SPONSORED ADR   2023-01-12 2024-03-19
306. TAIWAN SEMICONDUCTOR-SP ADR   2023-03-03 2024-03-19
354. BHP GROUP LTD-SPON ADR   2023-01-12 2024-03-20
1690. CHUGAI PHARMACEUTIC-UNSP ADR   2023-01-12 2024-04-09
.3 DBS GROUP HOLDINGS-SPON ADR   2023-01-12 2024-05-16
5000. WISDOMTREE US SMALLCAP DIVID   2017-12-08 2024-05-29
516. INFINEON TECHNOLOGIES-ADR     2024-06-06
115. TAIWAN SEMICONDUCTOR-SP ADR     2024-06-26
1159. ALLIANZ SE - UNSP ADR   2023-01-12 2024-06-27
289. DBS GROUP HOLDINGS-SPON ADR     2024-06-27
1450. ISHARES CORE S&P SMALL-CAP E   2024-05-29 2024-06-27
2462.763 VANGUARD 500 INDEX-ADM   2016-12-22 2024-06-27
4100. WISDOMTREE US MIDCAP DIVIDEN   2017-12-08 2024-06-27
3993. HAIER SMART HOME CO LTD-ADR   2023-01-12 2024-07-17
1319. XP INC - CLASS A   2023-01-12 2024-08-13
460. BIONTECH SE-ADR   2023-12-12 2024-09-09
228. SAP SE-SPONSORED ADR     2024-09-09
1786. ICICI BANK LTD-SPON ADR   2023-01-12 2024-09-26
665. MANULIFE FINANCIAL CORP   2023-05-17 2024-10-07
88. TAIWAN SEMICONDUCTOR-SP ADR   2023-01-12 2024-10-30
. GRAYSTONE VENTURE FUND LP   2011-01-01 2024-12-31
1. PORTAGE FOUNDERS LP   2011-12-31 2024-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(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 36,955   36,675 280
b 15,449   10,401 5,048
c 15,557   16,160 -603
d 5,214   6,476 -1,262
e 21,409   37,490 -16,081
41,445   27,270 14,175
20,199   24,383 -4,184
29,884   21,328 8,556
31   29 2
155,772   144,575 11,197
20,800   18,140 2,660
19,743   10,187 9,556
32,076   27,422 4,654
30,560   27,581 2,979
152,768   155,781 -3,013
1,250,000   513,560 736,440
190,509   143,439 47,070
47,838   59,176 -11,338
24,348   22,171 2,177
43,004   45,916 -2,912
48,376   28,214 20,162
55,971   38,255 17,716
19,923   12,864 7,059
17,086   7,757 9,329
326   145,789 -145,463
3,534   102,449 -98,915
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
      7,862
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       280
b       5,048
c       -603
d       -1,262
e       -16,081
      14,175
      -4,184
      8,556
      2
      11,197
      2,660
      9,556
      4,654
      2,979
      -3,013
      736,440
      47,070
      -11,338
      2,177
      -2,912
      20,162
      17,716
      7,059
      9,329
      -145,463
      -98,915
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 678,920
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 27,320
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 27,320
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 27,320
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 32,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,456
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,456
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 9,136
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow9,136 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
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 arrowSD
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.blythebrendenmannfdn.org
14
The books are in care ofright arrowDORSEY & WHITNEY TRUST CO LLC Telephone no.right arrow (605) 336-6832

Located atright arrow401 EAST EIGHTH STREET SUITE 319SIOUX FALLSSD ZIP+4right arrow57103
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
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
Dorsey Whitney Trust Company LLC TRUSTEE
5 		139,064    
401 E 8TH ST STE 319
SIOUX FALLS,SD57103
Blythe Brenden TRUSTEE
5 		0    
80 South Eighth St Suite 900
Minneapolis,MN55402
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 arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
31,078,966
b
Average of monthly cash balances.......................
1b
1,887,258
c
Fair market value of all other assets (see instructions)................
1c
9,536,110
d
Total (add lines 1a, b, and c).........................
1d
42,502,334
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
42,502,334
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
637,535
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
41,864,799
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,093,240
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,093,240
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
27,320
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
27,320
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,065,920
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,065,920
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,065,920
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
1,643,574
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,643,574
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 2,065,920
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...... 259,465
b From 2020...... 187,485
c From 2021...... 89,193
d From 2022...... 291,816
e From 2023...... 81,726
f Total of lines 3a through e ........ 909,685
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,643,574
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..... 1,643,574
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 422,346 422,346
(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 5 487,339
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 ...... 		487,339
10 Analysis of line 9:
a Excess from 2020.... 24,604
b Excess from 2021.... 89,193
c Excess from 2022.... 291,816
d Excess from 2023.... 81,726
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).)
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

AMERICAN COMMITTEE FOR THE WEIZMANN
INSTITUTE OF SCIENCE INC
633 THIRD AVENUE 20TH FL
NEW YORK,NY10017 		N/A PC VARIOUS FUNDS 300,000

ANIMAL HUMANE SOCIETY

845 MEADOW LANE NORTH
MINNEAPOLIS,MN55422 		N/A PC VARIOUS FUNDS 10,000

MINNEAPOLIS SOCIETY OF FINE ARTS

2400 3RD AVE S
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING 20,000

GUTHRIE THEATRE FOUNDATION

818 SOUTH 2ND STREET
MINNEAPOLIS,MN55415 		N/A PC GENERAL OPERATING 20,000

ARTSPACE PROJECTS INC

250 3RD AVE NORTH STE 400
MINNEAPOLIS,MN55401 		N/A PC GENERAL OPERATING 100,000

WOMEN'S FOUNDATION OF MINNESOTA

105 FIFTH AVENUE SOUTH SUITE 300
MINNEAPOLIS,MN55401 		N/A PC GENERAL OPERATING 20,000

GREATER TWIN CITIES UNITED WAY

404 S EIGHTH STREET
MINNEAPOLIS,MN55404 		N/A PC GENERAL OPERATING 50,000

PET HAVEN INC OF MINNESOTA

PO BOX 19105
MINNEAPOLIS,MN55419 		N/A PC GENERAL OPERATING 5,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN55455 		N/A PC VARIOUS FUNDS AND 964,700

VITAL VOICES GLOBAL PARTNERSHIP INC

1509 16TH ST NW
WASHINGTON,DC20036 		N/A PC GENERAL OPERATING 20,000

THE SANNEH FOUNDATION INC

1276 UNIVERSITY AVENUE W
ST PAUL,MN55104 		N/A PC GENERAL OPERATING 50,000
Total .................................right arrow 3a 1,559,700
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,441,787  
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 .....     14 124,241  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 678,920  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aNET INCOME FROM UN 		523000 -1,394      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -1,394 2,244,948  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,243,554
(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

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

TY 2024 GainLossSaleOtherAssetsSch
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
. GRAYSTONE 2024-12   2011-01  
PURCHASER 		326 145,789     -145,463  
1. PORTAGE F 2024-12   2011-12  
PURCHASER 		3,534 102,449     -98,915  

TY 2024 InvestmentsCorpStockSchedule
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Name of Stock End of Year Book Value End of Year Fair Market Value
APPLE INC 16,061 213,358
ISHARES RUSSELL 2000 ETF 191,223 309,344
VANGUARD 500 INDEX FUND 2,815,710 13,780,687
VANGUARD S&P MID-CAP 400 ETF 197,315 365,030
VANGUARD S&P SMALL-CAP 600 ETF 189,828 319,180
WISDOMTREE US MIDCAP DIVIDEND    
WISDOMTREE US SMALLCAP DIVIDEN    
BLACKSTONE SECURED LENDING FUN 1,206,705 1,549,878
ADYEN NV 52,777 53,993
AIA GROUP LTD 78,862 49,657
AIR LIQUIDE SA 36,926 41,861
ALCON INC 52,977 61,291
ALFA LAVAL AB 45,884 60,841
ALLIANZ SE 114,018 147,172
AMBEV SA 49,020 34,869
ASSA ABLOY AB 33,933 45,005
ATLAS COPCO AB 53,925 63,198
BANCO BILBAO VIZCAYA ARGENTARI 58,746 83,242
BHP GROUP LTD 79,625 56,447
BIONTECH SE    
CANADIAN NATIONAL RAILWAY CO 40,457 33,397
CHUGAI PHARMACEUTICAL CO LTD 68,072 110,399
CREDICORP LTD 35,819 43,997
DAIFUKU CO LTD 27,578 33,412
DASSAULT SYSTEMES SE 112,000 96,983
DBS GROUP HOLDINGS LTD 128,992 176,055
ENN ENERGY HOLDINGS LTD 87,965 55,925
EPIROC AB 58,676 50,153
FOMENTO ECONOMICO MEXICANO SAB 83,803 83,695
GENMAB A/S 57,079 29,802
HAIER SMART HOME CO LTD 54,604 55,622
HALEON PLC 95,433 108,508
HDFC BANK LTD 120,983 120,440
ICICI BANK LTD    
INFINEON TECHNOLOGIES AG 116,171 109,646
KOMATSU LTD 41,745 50,241
LINDE PLC 44,128 56,102
L'OREAL SA 102,158 88,153
MANULIFE FINANCIAL CORP 69,559 112,337
NESTLE SA 102,172 74,265
NITORI HOLDINGS CO LTD    
NOVOZYMES A/S 27,328 29,910
PING AN INSURANCE GROUP CO OF 34,303 25,678
RIO TINTO PLC 78,338 59,339
ROCHE HOLDING AG 98,264 90,897
SAP SE 55,287 116,704
SCHNEIDER ELECTRIC SE 67,464 104,145
SHELL PLC 109,172 108,259
SHIMANO INC 30,663 24,552
SHIONOGI & CO LTD 40,906 35,558
SHISEIDO CO LTD    
SONOVA HOLDING AG 30,897 40,195
SONY GROUP CORP 84,997 99,664
SYMRISE AG 49,358 46,614
SYSMEX CORP 84,873 80,377
TAIWAN SEMICONDUCTOR MANUFACTU 68,138 152,660
TELKOM INDONESIA PERSERO TBK P 54,845 38,312
TENCENT HOLDINGS LTD 68,390 78,068
UNICHARM CORP 48,029 25,877
XP INC    
VANGUARD TOTAL WORLD STOCK ETF 1,485,805 1,962,503
ZTO EXPRESS CAYMAN INC 39,498 38,787
COLOPLAST A/S 37,527 32,634
DISCO CORP 50,687 45,833
GRUPO FINANCIERO BANORTE SAB D 42,147 31,619
MERCADOLIBRE INC 55,059 57,815
TECHTRONIC INDUSTRIES CO LTD 41,191 37,201

TY 2024 InvestmentsOtherSchedule2
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
RIVERVIEW STRATEGIC OPP FD I L AT COST 333,454 110,282
MORGAN STANLEY PRIVATE MKTS FD AT COST 222,074 182,459
MORGAN STANLEY PRIVATE MKTS FD AT COST 17,061 4,337
GRAYSTONE VENTURE FUND LP AT COST 167,559 7,100
PORTAGE FOUNDERS LP      
BLACKSTONE REAL ESTATE INCOME AT COST 800,000 1,070,769
PIMCO BRAVO FD III SPEC ONSHOR AT COST 1,074,386 965,902
RIVERVIEW STRATEGIC OPP FUND I AT COST 822,472 536,967
BROOKFIELD FAIRFIELD US MVAF I AT COST 753,668 810,601
PANTHEON PRIV INFRA III (OFFSH AT COST 1,339,500 1,211,167
DIVERSIFIED CR OPP FD II (CAYM AT COST 1,457,069 797,711
BLACKSTONE PRIVATE CREDIT FUND AT COST 1,125,000 1,116,274
BROOKFIELD SPECIAL INVESTMENTS AT COST 712,582 1,014,094
CION ARES DIVERSIFIED CREDIT F AT COST 1,125,000 1,122,012
PE PREMIER OAKTREE SPECIAL SIT AT COST 433,195 450,764
NORTH HAVEN PRIVATE EQUITY CO- AT COST 115,525 148,199

TY 2024 OtherExpensesSchedule
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER EXPENSES 436 0   436
FROM PARTNERSHIP/S-CORP 57,579 57,579   0


TY 2024 OtherIncomeSchedule2
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
GRAYSTONE VENTURE FUND LP 10,256 10,256  
PIMCO BRAVO FD III SPEC ONSHORE FDR 72,361 72,361  
BROOKFIELD SPECIAL INVESTMENTS FUND OFFS 14,885 14,885  
PE PREMIER OAKTREE SPECIAL SITUATIONS FU 26,282 26,282  
NORTH HAVEN PRIVATE EQUITY CO-INVESTMENT -937 -937  
UNRELATED BUSINESS INCOME ADJUSTMENT   1,394  


TY 2024 OtherIncreasesSchedule
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Description Amount
BOOK/TAX TIMING DIFFERENCES 174,226
NON-DEDUCTIBLE PORTION OF CONTRIBUTIONS 12,300


TY 2024 OtherProfessionalFeesSchedule
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 78,047 78,047    
INVESTMENT EXPENSES 4,425 4,425    


TY 2024 TaxesSchedule
Name:
BLYTHE BRENDEN-MANN FOUNDATION
EIN:
41-6546887
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 9,960 9,960   0
FEDERAL TAX PAYMENT 1,194 0   0
FEDERAL ESTIMATES 19,248 0   0
FOREIGN TAXES ON NONQUALIFIED 773 773   0
FOREIGN TAXES PAID -PE PREMIER 17 17   0