Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
THE ANNEXSTAD FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 209 N ESPLANADE
  Room/suite
City or town
ALPHARETTA
State or province
GA
Country  
ZIP or foreign postal code
30009
A Employer identification number

41-1975043
B Telephone number (see instructions)

6125582007
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$32,629,131J 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) 383,869
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 623,917 623,917  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,690,991
b Gross sales price for all assets on line 6a 2,690,991
7 Capital gain net income (from Part IV, line 2)... 2,690,991
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,698,777 3,314,908  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 307,779 0   307,779
14 Other employee salaries and wages...... 334,697 8,033   326,664
15 Pension plans, employee benefits....... 106,333 0   106,333
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
588 294   294
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,159 19,580   19,579
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
188,250 188,250   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
107,055 12,542   50,921
19 Depreciation (attach schedule) and depletion... 17,119 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 152,954 0   152,954
22 Printing and publications.......... 120,858 0   120,858
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
152,110 90,684   41,702
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,526,902 319,383   1,127,084
25 Contributions, gifts, grants paid....... 3,200,283 3,200,283
26 Total expenses and disbursements. Add lines 24 and 25 ................ 4,727,185 319,383   4,327,367
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,028,408
b Net investment income (if negative, enter -0-) 2,995,525
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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......... 1,161,696 1,001,990 1,001,990
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 31,111 33,799 33,799
10a Investments—U.S. and state government obligations (attach schedule) 1,979,643 Click to see attachment
List of Attached Documents:
// Content
1,392,892 		1,392,892
b Investments—corporate stock (attach schedule)....... 24,411,950 Click to see attachment
List of Attached Documents:
// Content
26,123,050 		26,123,052
c Investments—corporate bonds (attach schedule)....... 2,191,583 Click to see attachment
List of Attached Documents:
// Content
2,063,088 		2,063,088
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,398,634 Click to see attachment
List of Attached Documents:
// Content
1,997,174 		1,997,174
14 Land, buildings, and equipment: basis 87,539
Less: accumulated depreciation (attach schedule) 70,403 34,255 17,136 17,136
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,208,872 32,629,129 32,629,131
Liabilities 17 Accounts payable and accrued expenses.......... 57,344 76,766
18 Grants payable.................    
19 Deferred revenue................. 42,309  
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 99,653 76,766
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 31,109,219 32,552,363
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 31,109,219 32,552,363
30 Total liabilities and net assets/fund balances (see instructions). 31,208,872 32,629,129
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
31,109,219
2
Enter amount from Part I, line 27a .....................
2
-1,028,408
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
2,471,552
4
Add lines 1, 2, and 3 ..........................
4
32,552,363
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
32,552,363
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,690,991     2,690,991
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,690,991
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,690,991
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 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 41,638
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 41,638
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 41,638
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 20,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 810
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 22,448
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
MN, GA
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 2025 or the taxable year beginning in 2025? 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 addressHTTP://ANNEXSTADFAMILYFOUNDATION.ORG/
14
The books are in care ofFOUNDATION Telephone no. (612) 558-2007

Located at209 N ESPLANADEALPHARETTAGA ZIP+430009
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
PATTI ANNEXSTAD EXECUTIVE DIRECTOR/CFO
40.00 		222,079 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MAGGIE MARINOVICH OFFICER/ MARKETING MANAGER
40.00 		85,700 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
SHANE ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
CATHERINE C ANNEXSTAD PRESIDENT
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
TOM ANNEXSTAD VICE PRESIDENT
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MORGAN MARINOVICH TREASURER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MACKENZI MARINOVICH SECRETARY
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
BLAKE ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
KACI ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
KAREN ANNEXSTAD OFFICER
1.00 		0 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
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
ELIN WAHMAN DIRECTOR OF STRATEGI
40.00 		132,076 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
ZACHARY D HAAS REGIONAL PROGRAM MAN
40.00 		101,665 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
MAJA W KLOS-GROMADZKA REGIONAL PROGRAM MAN
40.00 		96,068 0 0
209 N ESPLANADE
ALPHARETTA,GA30009
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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
SIT INVESTMENT ASSOCIATES INVESTMENT MANAGEMENT 173,186
80 S 8TH ST 3300
MINNEAPOLIS,MN55402
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.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
30,520,335
b
Average of monthly cash balances.......................
1b
1,155,174
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
31,675,509
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
31,675,509
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
475,133
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,200,376
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,560,019
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,560,019
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
41,638
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
41,638
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,518,381
4
Recoveries of amounts treated as qualifying distributions................
4
5,000
5
Add lines 3 and 4............................
5
1,523,381
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
1,523,381
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, line 26, column (d) ..........
1a
4,327,367
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
4,327,367
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,523,381
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,675,499
b From 2021...... 1,137,947
c From 2022...... 1,415,843
d From 2023...... 2,625,884
e From 2024...... 1,852,425
f Total of lines 3a through e ........ 8,707,598
4Qualifying distributions for 2025 from Part
XI, line 4: $ 4,327,367
a Applied to 2024, 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 2025 distributable amount..... 1,523,381
e Remaining amount distributed out of corpus 2,803,986
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 11,511,584
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		1,675,499
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		9,836,085
10 Analysis of line 9:
a Excess from 2021 .... 1,137,947
b Excess from 2022 .... 1,415,843
c Excess from 2023 .... 2,625,884
d Excess from 2024 .... 1,852,425
e Excess from 2025 .... 2,803,986
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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).)
CATHERINE C ANNEXSTAD
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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

BETHEL UNIVERSITY

3900 BETHEL DR
ST PAUL,MN55112 		NONE   SCHOLARSHIP 32,450

BOSTON COLLEGE

140 COMMONWEALTH AVE
CHESTNUT HILL,MA02467 		NONE   SCHOLARSHIP 45,000

BRENAU UNIVERSITY

500 WASHINGTON STREET SE
GAINESVILLE,GA30501 		NONE   SCHOLARSHIP 5,000

CARLETON COLLEGE

1 NORTH COLLEGE ST
NORTHFIELD,MN55057 		NONE   SCHOLARSHIP 28,332

CLAREMONT MCKENNA COLLEGE

500 E NINTH STREET NA
CLAREMONT,CA91711 		NONE   SCHOLARSHIP 12,500

CLAYTON STATE UNIVERSITY

2000 CLAYTON STATE BLVD
MORROW,GA30260 		NONE   SCHOLARSHIP 10,000

CLEMSON UNIVERSITY FOUNDATION

PO BOX 1889
CLEMSON,SC29633 		NONE   SCHOLARSHIP 75,000

COLLEGE OF SAINT BENEDICT

37 SOUTH COLLEGE AVE
ST JOSEPH,MN56374 		NONE   SCHOLARSHIP 30,000

CSUSB PHILANTHROPIC FOUNDATION

5500 UNIVERSITY PARKWAY AD-104
SAN BERNADINO,CA92407 		NONE   SCHOLARSHIP 10,000

DUKE UNIVERSITY

324 BLACKWELL ST WASHIN BLDG N
DURHAM,NC27701 		NONE   SCHOLARSHIP 45,000

EMORY UNIVERSITY

1599 CLIFTON RD NE 3RD FLR CONTR OF
ATLANTA,GA30322 		NONE   SCHOLARSHIP 50,000

GEORGETOWN UNIVERSITY

ROOM 103 37TH AND O STREETS NW
WASHINGTON,DC20057 		NONE   SCHOLARSHIP 45,500

GEORGIA STATE UNIVERSITY FOUNDATION INC

PO BOX 2668
ATLANTA,GA30301 		NONE   SCHOLARSHIP 25,000

GONZAGA UNIVERSITY

502 E BOONE AVE
SPOKANE,WA99258 		NONE   SCHOLARSHIP 60,000

GUSTAVUS ADOLPHUS COLLEGE

800 W COLLEGE AVE
SAINT PETER,MN56082 		NONE   SCHOLARSHIP 55,000

HARVARD UNIVERSITY

MASSACHUSETTS HALL
CAMBRIDGE,MA02138 		NONE   SCHOLARSHIP 25,000

HIGH POINT UNIVERSITY

1 UNIVERSITY PKWY
HIGH POINT,NC27268 		NONE   SCHOLARSHIP 45,000

HILLSDALE COLLEGE

33 E COLLEGE ST
HILLSDALE,MI49242 		NONE   SCHOLARSHIP 15,000

HOLY CROSS COLLEGE

ONE COLLEGE STREET
WORCESTER,MA01610 		NONE   SCHOLARSHIP 29,165

HORATIO ALGER ASSOCIATION

99 CANAL CENTER PLAZA SUITE 320
ALEXANDRIA,VA22314 		NONE   UNDERPAYMENT RECAPTURE 2,065

INDIANA UNIVERSITY FOUNDATION

PO BOX 500
BLOOMINGTON,IN47402 		NONE   SCHOLARSHIP 80,000

MICHIGAN TECHNOLOGICAL UNIVERSITY

1400 TOWNSEND DR
HOUGHTON,MI49931 		NONE   SCHOLARSHIP 40,000

MINNESOTA STATE UNIVERSITY MANKATO

228 WIECKING CENTER
MANKATO,MN56001 		NONE   SCHOLARSHIP 44,000

NORTH DAKOTA STATE UNIVERSITY

1340 ADMINISTRATION AVE
FARGO,ND58102 		NONE   SCHOLARSHIP 45,000

NORTHERN MICHIGAN UNIVERSITY FOUNDATION

607 COHODAS HALL 1401 PRESQUE ISLE
AVE
MARQUETTE,MI49855 		NONE   SCHOLARSHIP 6,771

POMONA COLLEGE

550 N COLLEGE AVE
CLAREMONT,CA91711 		NONE   SCHOLARSHIP 40,000

PRESIDENT AND FELLOWS OF HARVARD COLLEGE

1033 MASSACHUSETTS AVENUE 3RD FL
CAMBRIDGE,MA02138 		NONE   SCHOLARSHIP 50,000

RABUN COUNTY HIGH SCHOOL

230 WILDCAT HILL DR
TIGER,GA30576 		NONE   SCHOLARSHIP 5,000

SAINT JOHN'S UNIVERSITY

PO BOX 2222
COLLEGEVILLE,MN56321 		NONE   SCHOLARSHIP 20,000

SANTA CLARA UNIVERSITY

500 EL CAMINO REAL
SANTA CLARA,CA95053 		NONE   SCHOLARSHIP 43,750

SOUTHERN METHODIST UNIVERSITY

3140 DYER ST SUITE 261
DALLAS,TX75205 		NONE   SCHOLARSHIP 50,000

STANFORD UNIVERSITY

450 SERRA MALL
STANFORD,CA94305 		NONE   SCHOLARSHIP 55,000

TEXAS CHRISTIAN UNIVERSITY

TCU BOX 297011
FORT WORTH,TX76129 		NONE   SCHOLARSHIP 35,000

THE COLLEGE OF THE DESERT FOUNDATION

43500 MONTEREY AVENUE
PALM DESERT,CA92260 		NONE   SCHOLARSHIP 16,000

THE GEORGIA TECH FOUNDATION

760 SPRING ST NW SUITE 400
ATLANTA,GA303081028 		NONE   SCHOLARSHIP 47,500

THE GOLDIE FOUNDATION

231 S LASALLE SUITE 2100
CHICAGO,IL60604 		NONE   SCHOLARSHIP 60,000

UNIVERSITY OF ALABAMA

801 UNIVERSITY BOULEVARD SUITE 203
TUSCALOOSA,AL35487 		NONE   SCHOLARSHIP 6,250

UNIVERSITY OF CALIFORNIA BERKELEY

1995 UNIVERSITY AVE STE 401
BERKELEY,CA94704 		NONE   SCHOLARSHIP 50,000

UNIVERSITY OF CHICAGO

5235 S HARPER COURTH 4TH FLOOR
CHICAGO,IL60615 		NONE   SCHOLARSHIP 50,000

UNIVERSITY OF FLORIDA

G022 MCCARTY HALL
GAINESVILLE,FL32611 		NONE   SCHOLARSHIP 5,000

UNIVERSITY OF GEORGIA

104 CALDWELL HALL
ATHENS,GA30602 		NONE   SCHOLARSHIP 308,914

UNIVERSITY OF MICHIGAN

325 E GRAND RIVER AVENUE SUITE 275
EAST LANSING,MI48823 		NONE   SCHOLARSHIP 50,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN55455 		NONE   SCHOLARSHIP 3,066

UNIVERSITY OF MISSISSIPPI

PO BOX 1848
OXFORD,MS38677 		NONE   SCHOLARSHIP 75,270

UNIVERSITY OF NOTRE DAME

724 GRACE HALL
NOTRE DAME,IN46556 		NONE   SCHOLARSHIP 1,000,000

UNIVERSITY OF PORTLAND

5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		NONE   SCHOLARSHIP 12,500

UNIVERSITY OF REDLANDS

PO BOX 3080
REDLANDS,CA92373 		NONE   SCHOLARSHIP 50,000

UNIVERSITY OF ST THOMAS

2115 SUMMIT AVE
ST PAUL,MN55105 		NONE   SCHOLARSHIP 60,000

UNIVERSITY OF WISCONSIN

500 LINCOLN DR
MADISON,WI53706 		NONE   SCHOLARSHIP 25,000

VANDERBILT UNIVERSITY

2301 VANDERBILT PL PMB 406310
NASHVILLE,TN37240 		NONE   SCHOLARSHIP 56,250

WASHINGTON UNIVERSITY

1 BROOKINGS DR
ST LOUIS,MO63130 		NONE   SCHOLARSHIP 50,000

WESTERN CAROLINA UNIVERSITY

ONE UNIVERSITY DR
CULLOWHEE,NC28723 		NONE   SCHOLARSHIP 25,000

WINONA STATE UNIVERSITY

175 W MARK ST
WINONA,MN55987 		NONE   SCHOLARSHIP 40,000

YALE UNIVERSITY

PO BOX 208356
NEW HAVEN,CT06520 		NONE   SCHOLARSHIP 50,000
Total ................................. 3a 3,200,283
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 ....     14 623,917  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,690,991  
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 3,314,908 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,314,908
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE ANNEXSTAD FAMILY FOUNDATION
 
Employer identification number

41-1975043
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number
41-1975043
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
CATHERINE ANNEXSTAD
1678 MURRAY COVE ROAD
 
TIGER, GA30576

$ 373,118


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
JIM AND MARIA WAHL
 
75461 STARDUST LN
 
INDIAN WELLS, CA92210

$ 10,000


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

$  


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

$  


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

$  


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

$  


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

41-1975043
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 STOCK $ 373,118 2025-11-26
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE ANNEXSTAD FAMILY FOUNDATION
  		Employer identification number

41-1975043
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 39,159 19,580   19,579

TY 2025 InvestmentsCorpBondsSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Name of Bond End of Year Book Value End of Year Fair Market Value
ASSURAUNT INC 44,272 44,272
BANK OF NY MELLON CORP 27,968 27,968
CAPITAL AREA FIN AUTH LA SF MTGE 48,258 48,258
COMERICA INA 26,081 26,081
CONSUMERS 2023 SECURITIZA EXT 77,315 77,315
COWLITZ CNTY WA PUB UTIL DIST 54,149 54,149
CVS PASS THROUGH TRUST 48,934 48,934
DUKE ENERGY FL PROJ FIN 93,054 93,054
EMPIRE DIST BONDCO LLC 43,789 43,789
ENTERGY TEX RESTORATION L P 23,912 23,912
EVERGY KANSAS CENTRAL 50,969 50,969
FAIRFIELD CA REDEV AGY SUCCESSOR AGY 108,140 108,140
FIRST CITIZENS BANCSHARE 49,913 49,913
F G GLOBAL FUNDING 25,941 25,941
HUNTINGTON INGALLS INDS INC 52,871 52,871
JP MORGAN MTG TR 32,027 32,027
JP MORGAN MORTGAGE TRUST 79,395 79,395
JP MORGAN MORTGAGE TRUST 84,954 84,954
JPMORGAN CHASE CO 25,132 25,132
NORTHERN TRUST CORP 73,953 73,953
PNM ENERGY TRANSITION BOND CO 74,183 74,183
RCKT MORTGAGE TRUST 31,094 31,094
RCKT MORTGAGE TRUST 2024 33,755 33,755
RCKT MTG TR 78,725 78,725
SBA TOWER TRUST 75,512 75,512
SEQUOIA MORTGAGE TRUST 2024-9 100,540 100,540
SEQUOIA MTG TR 2025-4 102,541 102,541
SYNOVUS FINL CORP 51,912 51,912
TEXAS CHILDRENS HOSPITAL 39,374 39,374
UNION ELECTRIC CO 20,912 20,912
US BANDCORP 50,376 50,376
TRUIST FINL CORP NT 25,143 25,143
INDEPENDENT BANK GROUP INC 26,563 26,563
SELECTIVE INS GROUP INC 26,184 26,184
M T BK CORP 25,247 25,247
META PLATFORMS INC 4.875 S&P 49,933 49,933
WESTERN MIDSTREAM OPER LP 24,867 24,867
UNIVERSITY MA BLDG AUTH PROJ REV 70,069 70,069
UNIVERSITY MA BLDG AUTH PROJREV REV 46,067 46,067
CHARGE MORTGAGE FINANCE CORPO 39,064 39,064

TY 2025 InvestmentsCorpStockSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS COM 425,986 425,986
ABBVIE INC 159,943 159,943
ACCENTURE PLC IRELAND SHS CLASS A 419,890 419,890
ALLIANZ SE UNSP A D R 347,300 347,300
ALPHABET INC CL A 1,721,500 1,721,500
AMERIPRISE FINL INC 370,207 370,207
ANALOG DEVICES INC 290,184 290,184
APPLE INC COM 2,000,890 2,000,890
APPLIED MATERIALS INC 337,940 337,942
ARTHUR J GALLAGHER CO 225,147 225,147
ASTRAZENECA P L C SPSD A D R 266,597 266,597
B A E SYSTEMS P L C A D R 278,640 278,640
BROADCOM INC 3,501,494 3,501,494
CARLYLE GROUP INC THE 220,185 220,185
CHUBB LIMITED COM 296,514 296,514
CONOCOPHILLIPS 205,942 205,942
ELI LILLY CO 360,018 360,018
EMERSON ELECTRIC CO 106,176 106,176
FED EX CORP 115,544 115,544
GOLDMAN SACHS GROUP INC 650,460 650,460
HOME DEPOT INC 592,884 592,884
HONEYWELL INTL INC 307,267 307,267
IBERDROLA SA SPON A D R 544,320 544,320
JPMORGAN CHASE CO 1,240,547 1,240,547
LINDE PLC SHS 213,195 213,195
LOCKHEED MARTIN CORP COM 406,283 406,283
MCDONALDS CORP COM 305,630 305,630
META PLATFORMS INC 784,187 784,187
MICROSOFT CORP COM 2,476,134 2,476,134
NEXTERA ENERGY INC 349,218 349,218
NVIDIA CORP 3,302,915 3,302,915
PEPSICO INC 380,328 380,328
RELX PLC SPON A D R 326,392 326,392
ROCKWELL AUTOMATION INC COM 301,529 301,529
SHELL PLC SPON A D R 132,264 132,264
SHERWIN WILLIAMS CO 273,805 273,805
SIEMENS AG A D R 362,471 362,471
STRYKER CORP 154,647 154,647
THERMO FISHER SCIENTIFIC INC 347,670 347,670
UNION PACIFIC RR CO 381,678 381,678
UNITEDHEALTH GROUP INC COM 231,077 231,077
WASTE MGMT INC DEL COM 157,093 157,093
WILLIAMS COS INC COM 250,959 250,959

TY 2025 InvestmentsGovtObligationsSch
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
US Government Securities - End of Year Book Value:

438,048
US Government Securities - End of Year Fair Market Value:

438,048
State & Local Government Securities - End of Year Book Value:


954,844
State & Local Government Securities - End of Year Fair Market Value:


954,844


TY 2025 InvestmentsOtherSchedule2
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
F H L M C MULTICLASS MTG PARTN FMV 43,445 43,445
F H L M C MULTICLASS MTG PARTN FMV 708 708
F H L M C MULTICLASS MTG PARTN FMV 19,544 19,544
F H L M C PARTN CERT FMV 55,841 55,841
F N B CORP SR NT FMV 51,027 51,027
F N M A GTD R E M I C PASS THRU FMV 68,127 68,127
F N M A GTD R E M I C PASS THRU FMV 11,875 11,875
F N M A GTD R E M I C PASS THRU FMV 15,296 15,296
F N M A GTD R E M I C PASS THRU FMV 99,672 99,672
F N M A GTD R E M I C PASS THRU FMV 7,840 7,840
F N M A GTD R E M I C PASS THRU FMV 125,566 125,566
F N M A GTD R E M I C PASS THRU FMV 28,186 28,186
F N M A GTD R E M I C PASS THRU FMV 108,311 108,311
F N M A GTD R E M I C PASS THRU FMV 123,480 123,480
F N M A GTD R E M I C PASS THRU FMV 6,972 6,972
F N M A PARTN CERT FMV 1,641 1,641
F N M A PARTN CERT FMV 2,087 2,087
F N M A PARTN CERT FMV 2,031 2,031
F N M A PARTN CERT FMV 2,935 2,935
F N M A PARTN CERT FMV 3,209 3,209
F N M A PARTN CERT FMV 3,287 3,287
F N M A PARTN CERT FMV 1,969 1,969
F N M A PARTN CERT FMV 4,968 4,968
F N M A PARTN CERT FMV 20,888 20,888
F N M A PARTN CERT FMV 12,633 12,633
F N M A PARTN CERT FMV 62,787 62,787
F N M A PARTN CERT UMBS FMV 38,121 38,121
F N M A PARTN CERT UMBS FMV 114,362 114,362
F N M A PARTN CERT UMBS FMV 65,065 65,065
F N M A PARTN CERT UMBS FMV 64,125 64,125
F N M A PARTN CERT UMBS FMV 89,768 89,768
F N M A PARTN CERT UMBS FMV 163,473 163,473
FEDERAL NATL MTGE ASSN POOL #MA5467 FMV 66,143 66,143
FEDERAL NATL MTGE ASSN POOL #MA5495 FMV 114,740 114,740
G N M A I I PARTN CERT FMV 52,976 52,976
G N M A GTD R E M I C PASS THRU FMV 17,359 17,359
G N M A GTD R E M I C PASS THRU FMV 10,646 10,646
G N M A GTD R E M I C PASS THRU FMV 14,520 14,520
G N M A GTD R E M I C PASS THRU FMV 7,060 7,060
G N M A I I PARTN CERT FMV 117,239 117,239
G N M A I I PARTN CERT FMV 122,541 122,541
G N M A PARTN CERT FMV 8,498 8,498
CVS PASS THROUGH TRUST - 126650 FMV 46,213 46,213

TY 2025 LegalFeesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 588 294   294


TY 2025 OtherExpensesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER/SOFTWARE SUPPORT 22,729 11,365   11,364
DUES & SUBSCRIPTIONS 67,615 67,615   0
INSURANCE 12,734 3,184   9,550
PHONE & DATA 10,910 1,091   8,183
POSTAGE AND SHIPPING 5,151 0   5,151
SUPPLIES 14,858 7,429   7,429
MISCELLANEOUS 18,088 0   0
STATE FILING FEE 25 0   25


TY 2025 OtherIncreasesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Description Amount
CURRENT YEAR UNREALIZED GAINS (LOSSES) 2,424,246
RECOVERY OF GRANTS PAID 5,000
TIMING ADJUSTMENT (ACCRUAL TO CASH) 42,306


TY 2025 OtherProfessionalFeesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 188,250 188,250   0


TY 2025 TaxesSchedule
Name:
THE ANNEXSTAD FAMILY FOUNDATION
EIN:
41-1975043
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 12,542 12,542   0
EMPLOYMENT TAXES 50,921 0   50,921
FEDERAL TAX PAYMENTS 43,592 0   0