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
MARBROOK FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)730 2ND AVE S STE 1400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINNEAPOLIS, MN55402
A Employer identification number

84-2492358
B Telephone number (see instructions)

(612) 752-1783
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$18,481,201J 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... 347,580 347,580  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,216,485
b Gross sales price for all assets on line 6a 3,429,212
7 Capital gain net income (from Part IV, line 2)... 1,216,485
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
94,529 94,529  
12 Total. Add lines 1 through 11........ 1,658,594 1,658,594  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
199,463 99,205   100,258
17 Interest............... 1,758 1,758   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
19,652 12,627   25
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
94,513 18,727   74,662
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 315,386 132,317   174,945
25 Contributions, gifts, grants paid....... 685,000 685,000
26 Total expenses and disbursements. Add lines 24 and 25 1,000,386 132,317   859,945
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 658,208
b Net investment income (if negative, enter -0-) 1,526,277
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.............      
2 Savings and temporary cash investments......... 725,362 825,942 825,942
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)....... 11,967,369 Click to see attachment
List of Attached Documents:
// Content
12,661,156 		16,801,553
c Investments—corporate bonds (attach schedule)....... 909,869 Click to see attachment
List of Attached Documents:
// Content
786,322 		853,706
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) 13,602,600 14,273,420 18,481,201
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........ 13,797,503 13,810,115
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -194,903 463,305
29 Total net assets or fund balances (see instructions)..... 13,602,600 14,273,420
30 Total liabilities and net assets/fund balances (see instructions). 13,602,600 14,273,420
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
13,602,600
2
Enter amount from Part I, line 27a .....................
2
658,208
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,612
4
Add lines 1, 2, and 3 ..........................
4
14,273,420
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
14,273,420
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 SCHWAB RIVERBRIDGE P    
b SCHWAB ULLAND P    
c SCHWAB RIVERBRIDGE P    
d SCHWAB ULLAND P    
e SCHWAB CORPORATION P    
CAPITAL GAIN DISTRIBUTION P    
STCGC P    
STCIE P    
SPELL P    
SPELL II P    
NORTHCOAST MEZZANINE SBIC III P    
NORTHCOAST MEZZANINNE 1231 LOSS P    
STCGC P    
STCIE 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 342,367   359,087 -16,720
b 39,738   37,493 2,245
c 2,339,596   1,341,957 997,639
d 70,401   65,798 4,603
e 375,000   389,827 -14,827
171,938     171,938
19,063     19,063
54,828     54,828
45     45
11,064     11,064
5,172     5,172
    2 -2
    17,890 -17,890
    673 -673
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       -16,720
b       2,245
c       997,639
d       4,603
e       -14,827
      171,938
      19,063
      54,828
      45
      11,064
      5,172
      -2
      -17,890
      -673
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 1,216,485
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 21,215
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 21,215
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 21,215
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 7,165
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 18,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,165
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 3,950
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow3,950 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. ...............................
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.MARBROOKFOUNDATION.ORG
14
The books are in care ofright arrowSAWMILL TRUST COMPANY Telephone no.right arrow (612) 752-1770

Located atright arrow730 SECOND AVE S STE 1400MINNEAPOLISMN ZIP+4right arrow55402
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
Yes
 
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
 
No
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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
EDWARD BROOKS DIRECTOR/CHAIR
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
ANNA GIBSON DIRECTOR
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
KATHERINE WARNER BROOKS DIRECTOR
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
TYSON LIEN DIRECTOR
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
MINNA BROOKS EXECUTIVE DIRECTOR
20.00 		81,743 12,261 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
SAEGMANY RATSABOUT BOARD MEMBER
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
TERRI THAO BOARD MEMBER
1.00 		0 0 0
730 2ND AVE S STE 1400
MINNEAPOLIS,MN55402
NICHOLAS ZELLE BOARD MEMBER
1.00 		0 0 0
730 2ND AVE S STE 1400
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 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
17,303,258
b
Average of monthly cash balances.......................
1b
1,026,399
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
18,329,657
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
18,329,657
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
274,945
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,054,712
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
902,736
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
902,736
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
21,215
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
21,215
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
881,521
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
881,521
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
881,521
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
859,945
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
859,945
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 7 881,521
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 33,858
e From 2023...... 69,400
f Total of lines 3a through e ........ 103,258
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 859,945
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..... 859,945
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 21,576 21,576
(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 81,682
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 ...... 		81,682
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 12,282
d Excess from 2023.... 69,400
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

412 FOOD RESCUE

6140 STATION STREET
PITTSBURGH,PA15206 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500

ACCESS PHILANTHROPY CHARITIES

2100 STEVENS AVE STEVEN PAPROCKI
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

ACHIEVE MPLS

2829 UNIVERSITY AVE SE
MINNEAPOLIS,MN55414 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

AMHERST COLLEGE

220 S PLEASANT ST
AMHERST,MA01002 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

AMURT

2502 LINDLEY TERRACE
ROCKVILLE,MD20850 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500

APPETITE FOR CHANGE

1200 WEST BROADWAY AVENUE 180
MINNEAPOLIS,MN55411 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

ARCATA PRESS

275 4TH ST E 735
ST PAUL,MN55101 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000

AUGSBURG COLLEGE

2211 RIVERSIDE AVE
MINNEAPOLIS,MN55454 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

BANYAN COMMUNITY

2647 BLOOMINGTON AVE
MINNEAPOLIS,MN55407 		NONE PC CAPITAL CAMPAIGN 5,000

BRECK SCHOOL

123 OTTAWA AVENUE NORTH
GOLDEN VALLEY,MN554225189 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000

CAPI USA

3702 EAST LAKE STREET
MINNEAPOLIS,MN55406 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

CENTER FOR THE VICTIMS OF TORTURE

2356 UNIVERSITY AVENUE WEST
SAINT PAUL,MN55114 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500

CENTRO TYRONE GUZMAN

1915 CHICAGO AVE S
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

CHARLOTTESVILLE TOMORROW

100 5TH ST NE
CHARLOTTESVILLE,VA22902 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

CLIMATE GENERATION A WILL STEGER LEGACY

2801 21ST AVENUE SOUTH SUITE 110
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

CORNELL UNIVERSITY

144 EAST AVE
ITHACA,NY14853 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

DAILY WORK

105 UNIVERSITY AVE W
SAINT PAUL,MN55103 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

DESCHUTES LAND TRUST

210 NW IRVING 102
BEND,OR97703 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

EARL E BAKKEN CENTER FOR SPIRITUAL HEALING

420 DELAWARE ST SE C592
MINNEAPOLIS,MN55455 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

EAST SIDE FREEDOM LIBRARY

1105 GREENBRIER STREET
SAINT PAUL,MN55106 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

EXPOSED BRICK THEATRE

586 EUSTIS STREET
SAINT PAUL,MN55104 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

FRESH ENERGY

408 ST PETER STREET SUITE 220
SAINT PAUL,MN55102 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

GREEN CARD VOICES

2822 LYNDALE AVE S
MINNEAPOLIS,MN55408 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

HMONG AMERICAN FARMERS ASSOCIATION

149 THOMPSON AVE E 210
ST PAUL,MN55118 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

ILLUSION THEATER AND SCHOOL INC

528 HENNEPIN AVENUE
MINNEAPOLIS,MN55403 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

IMMIGRANT LAW CENTER OF MN

450 N SYNDICATE SUITE 200
ST PAUL,MN55104 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

IN BLACK INK

938 SELBY AVE
ST PAUL,MN55104 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 5,000

KAREN ORGANIZATION OF MINNESOTA

1394 JACKSON STREET
SAINT PAUL,MN55117 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

KHYENTSE FOUNDATION

PO BOX 156648
SAN FRANCISCO,CA94115 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 4,000

LA OPORTUNIDAD INC

2700 E LAKE ST 3200
MINNEAPOLIS,MN55406 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

LAKE COUNTRY SCHOOL

3755 PLEASANT AVENUE SOUTH
MINNEAPOLIS,MN55409 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

LAKE STREET COUNCIL

2925 CHICAGO AVE 190
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

LOWER PHALEN CREEK PROJECT

804 MARGARET ST
ST PAUL,MN55106 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 40,000

MINDS MATTER BAY AREA

PO BOX 2511
SAN FRANCISCO,CA94126 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 500

MINNEAPOLIS HEART INSTITUTE FOUNDATION

920 EAST 28TH STREET
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

MINNESOTA CENTER FOR ENVIRONMENTAL ADVOCACY

26 E EXCHANGE ST 206
SAINT PAUL,MN55101 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 20,000

MINNESOTA CONSERVATION VOLUNTEER

500 LAFAYETTE RD
ST PAUL,MN55101 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

NAROPA UNIVERSITY

2130 ARAPAHOE AVENUE
BOULDER,CO803026697 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500

NEIGHBORHOOD HOUSE

179 ROBIE STREET EAST
SAINT PAUL,MN551072360 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

NEW NATIVE THEATRE

PO BOX 40118
ST PAUL,MN55104 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

NORTH HAWAII HOSPICE INC

65-1328 KAWAIHAE ROAD
KAMUELA,HI96743 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

OREGON NATURAL DESERT ASSOCIATION

50 SW BOND STREET STE 4
BEND,OR97702 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

ORONO FDN FOR EDUCATION

PO BOX 211
LONG LAKE,MN55356 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500

OWAMNIYOMNI OKHODAYAPI

400 S 4TH ST STE 401
MINNEAPOLIS,MN55415 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

PHEASANTS FOREVER

1783 BUERKLE CIR
WHITE BEAR LAKE,MN55110 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000

PIEDMONT COUNCIL OF THE ARTS

PO BOX 2426
CHARLOTTESVILLE,VA229022426 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

PROJECT SUCCESS

ONE GROVELAND TERRACE
MINNEAPOLIS,MN55405 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 19,500

PROUT RESEARCH INSTITUTE ASHEVILLE

272 WELLNESS WAY
MARSHALL,NC28753 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

ROMERO INSTITUTE

740 FRONT STREET
SANTA CRUZ,CA95060 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

SAHAN JOURNAL

428 MINNESOTA ST STE 500
ST PAUL,MN55101 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

TAIKOARTS MIDWEST

4729 COLUMBUS AVE
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

TEN THOUSAND THINGS THEATER

3153 36TH AVE S
MINNEAPOLIS,MN55406 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 11,000

THE ADVOCATES FOR HUMAN RIGHTS

330 SECOND AVENUE SOUTH
MINNEAPOLIS,MN55401 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

THE CEDAR CULTURAL CENTER

416 CEDAR AVENUE SOUTH
MINNEAPOLIS,MN55454 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

THE CHRONICLES OF CHOGYAM TRUNGPA

10145 OXFORD RD
LONGMONT,CO80504 		NONE PC GENERAL OPERATIONS OF THE ORGANIZAITON 1,000

THE NATURE CONSERVANCY OF MINNESOTA

1101 W RIVER PKWY 200
MINNEAPOLIS,MN55415 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 6,000

THE SEAD PROJECT

1007 W BROADWAY AVE
MINNEAPOLIS,MN55411 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

TIGERLION ARTS

730 SECOND AVENUE SOUTH
MINNEAPOLIS,MN55402 		NONE PF GENERAL OPERATIONS OF THE ORGANIZATION 6,000

UCLA FOUNDATION

10889 WILSHIRE BOULEVARD STE 1100
LOS ANGELES,CA90024 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 12,000

WELLSHARE INTERNATIONAL

122 WEST FRANKLIN AVENUE
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

WEST HAWAII MEDIATION

65-1291 KAWAIHAE RD SUITE 104B
WAIMEA,HI96743 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

WILDERNESS INQUIRY INC

808 14TH AVENUE SE
MINNEAPOLIS,MN55414 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

WORLD SAVVY

1304 UNIVERSITY AVE NE 305
MINNEAPOLIS,MN55413 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

YALE SCHOOL OF MANAGEMENT

165 WHITNEY AVE
NEW HAVEN,CT06511 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

YOUTH LEADERSHIP INITIATIVE

5500 38TH AVE S
MINNEAPOLIS,MN55417 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

YOUTHPRISE

3001 BROADWAY ST NE STE 330
MINNEAPOLIS,MN55413 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

HAZELDEN BETTY FORD FOUNDATION

PO BOX 11 OS 3
CENTER CITY,MN55012 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500

LAO COMMUNITY CENTER OF WISCONSIN

PO BOX 115
BUTLER,WI53007 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

RAICES SAGRADAS COMMUNITY MENTAL

1515 E LAKE ST STE 211
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

THE GRIEF CLUB OF MINNESOTA

2025 COULTER BLVD STE 100
CHANHASSEN,MN55317 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

VOICES OF COMMUNITY ACTIVISTS & LEADERS (VOCAL-NY)

300 DOUGLASS ST
BROOKLYN,NY11217 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

LITERACY MINNESOTA

700 RAYMOND AVE 180
SAINT PAUL,MN55114 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

BIRTH SISTERS OF CHARLOTTESVILLE

1010 PRESTON AVE
CHARLOTTESVILLE,VA22903 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,500

CANOPY PLANET FOUNDATION

1733 H ST STE 450
BLAINE,VA98230 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,500

KOKUA MAU INC

PO BOX 62155
HONOLULU,HI96839 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000

DOCTORS WITHOUT BORDERS

40 RECTOR STREET 16TH FLOOR
NEW YORK,NY10006 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 3,000

MAJI YA CHAI LAND SANCTUARY

2792 CLARK RD
TWO HARBORS,MN55616 		NONE PC GENERAL OPERATIONS OF THE ORGANIZAITON 1,000

THINK WILD

62410 ERICKSON RD
BEND,OR97701 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

TIBETAN EDUCATION ACTION

687 2ND AVE NW
ST PAUL,MN55112 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

VOICES FOR RACIAL JUSTICE

2525 E FRANKLIN AVE 301
MINNEAPOLIS,MN55406 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 1,000

YINGHUA ACADEMY

1616 BUCHANAN ST NE
MINNEAPOLIS,MN55413 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 2,000

REVIVING THE ISLAMIC SISTERHOOD FOR EMPOWERMENT

2429 NICOLLET AVE
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 10,000

METRO BLOOMS

3437 CEDAR AVE
MINNEAPOLIS,MN55407 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 40,000

SWEET POTATO COMFORT PIE

8014 OLSON MEMORIAL HWY 5 464
GOLDEN VALLEY,MN55427 		NONE PC GENERAL OPERATIONS OF THE ORGANIZAITON 7,000

SOMALI YOUTH AND FAMILY DEVELOPMENT CENTER

2400 PARK AVE
MINNEAPOLIS,MN55404 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 15,000

CENTER FOR PERFORMING ARTS

3754 PLEASANT AVE 220W
MINNEAPOLIS,MN55409 		NONE PC GENERAL OPERATIONS OF THE ORGANIZATION 8,000
Total .................................right arrow 3a 685,000
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 ........... 		         
4 Dividends and interest from securities ....     14 347,580  
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 .....     18 94,529  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,216,485  
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 1,658,594 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,658,594
(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

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TY 2024 ExpenditureResponsibilityStmt
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
TIGERLION ARTS
  		730 SECOND AVE S
MINNEAPOLIS,MN55402 		2024-05-24 2,000 GENERAL SUPPORT OF TIGERLION ARTS   NONE TO BE RECEIVED    
TIGERLION ARTS
  		730 SECOND AVE S
MINNEAPOLIS,MN55402 		2024-05-24 4,000 GENERAL SUPPORT OF TIGERLION ARTS   NONE TO BE RECEIVED    

TY 2024 InvestmentsCorpBondsSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Name of Bond End of Year Book Value End of Year Fair Market Value
SPELL CAPITAL MEZZANINE PTRS 273,502 256,257
SPELL CAPITAL MEZZANINE PTRS II 512,820 597,449

TY 2024 InvestmentsCorpStockSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Name of Stock End of Year Book Value End of Year Fair Market Value
SCHWAB CORPORATION 6,650,598 7,037,434
STC GLOBAL CORE EQ LLC 2,468,194 5,553,301
STC INTERNATIONAL EQUITY LLC 1,910,326 2,238,419
NORTHCOAST MEZZANINE SBIC III, LP 780,482 774,570
SCHWAB NUVEEN 475,859 517,881
CLEAN GROWTH FUND VI, LP 375,697 679,948

TY 2024 OtherExpensesSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE EXP 90,912 18,182   72,730
LEGAL & ACCOUNTANT FEES 2,415 483   1,932
PASS-THROUGH CHARITABLE DONATIONS 62 62   0
NON-DEDUCTIBLE EXPENSES 1,124 0   0


TY 2024 OtherIncomeSchedule2
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 94,529 94,529 94,529


TY 2024 OtherIncreasesSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Description Amount
OTHER ADJUSTMENT 12,612


TY 2024 OtherProfessionalFeesSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SAWMILL PRIVATE MANAGEMENT, INC 100,258 0   100,258
INVESTMENT MANAGEMENT FEES 99,205 99,205   0


TY 2024 TaxesSchedule
Name:
MARBROOK FOUNDATION
EIN:
84-2492358
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX PAID 12,627 12,627   0
FEDERAL TAX PAID 7,000 0   0
STATE TAX PAID 25 0   25