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
CHS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) 5500 CENEX DRIVE
  Room/suite
City or town
INVER GROVE HEIGHTS
State or province
MN
Country  
ZIP or foreign postal code
55077
A Employer identification number

41-6025858
B Telephone number (see instructions)

6513556000
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)$65,737,401J 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) 3,407,286
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 3,819,519 3,819,519  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 373,848
b Gross sales price for all assets on line 6a 3,847,162
7 Capital gain net income (from Part IV, line 2)... 373,848
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........ 7,600,653 4,193,367  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 145,604 14,560   131,044
14 Other employee salaries and wages...... 52,870 5,287   47,583
15 Pension plans, employee benefits....... 21,845 2,185   19,661
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,113 0   1,113
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,628 22,814   22,814
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
124,746 96,611   28,135
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
144,042 0   0
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
88,729 0   32,896
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 624,577 141,457   283,246
25 Contributions, gifts, grants paid....... 4,291,371 5,738,995
26 Total expenses and disbursements. Add lines 24 and 25 ................ 4,915,948 141,457   6,022,241
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,684,705
b Net investment income (if negative, enter -0-) 4,051,910
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......... 132,639 1,044,501 1,044,501
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 40,599,681 Click to see attachment
List of Attached Documents:
// Content
47,207,852 		47,207,852
c Investments—corporate bonds (attach schedule)....... 17,640,431 Click to see attachment
List of Attached Documents:
// Content
17,485,048 		17,485,048
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 58,372,751 65,737,401 65,737,401
Liabilities 17 Accounts payable and accrued expenses.......... 29,919 55,833
18 Grants payable................. 3,157,931 1,705,000
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 ) Click to see attachment
List of Attached Documents:
// Content
138,734 		Click to see attachment
List of Attached Documents:
// Content
180,224
23 Total liabilities (add lines 17 through 22)......... 3,326,584 1,941,057
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........... 55,046,167 63,796,344
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 55,046,167 63,796,344
30 Total liabilities and net assets/fund balances (see instructions). 58,372,751 65,737,401
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
55,046,167
2
Enter amount from Part I, line 27a .....................
2
2,684,705
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
6,065,472
4
Add lines 1, 2, and 3 ..........................
4
63,796,344
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
63,796,344
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 3,847,162   3,473,314 373,848
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       373,848
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 2 373,848
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 56,322
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 56,322
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 56,322
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 49,891
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 49,891
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
8 179
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 6,610
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
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 addressWWW.CHSFOUNDATION.ORG
14
The books are in care ofMEGAN WOLLE Telephone no. (651) 355-3710

Located at5500 CENEX DRIVEINVER GROVE HEIGHTSMN ZIP+455077
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)
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 .........
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
KEVIN THROENER CHAIR
0.40 		0 0 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
MARK FARRELL VICE CHAIR/SECRETARY
0.40 		0 0 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
TRENT SHERVEN BOARD TRUSTEE
0.40 		0 0 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
TONY ROSSMAN BOARD TRUSTEE
0.40 		0 0 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
MEGAN WOLLE EXECUTIVE DIRECTOR
20.00 		145,604 6,532 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
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
TERA STODDARD SENIOR STEWARDSHIP S
16.00 		52,870 3,209 0
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
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
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.........................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
59,989,858
b
Average of monthly cash balances.......................
1b
276,917
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
60,266,775
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
60,266,775
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
904,002
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,362,773
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,968,139
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
2,968,139
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
56,322
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
56,322
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,911,817
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,911,817
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,911,817
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
6,022,241
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
6,022,241
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 2,911,817
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...... 6,052,777
b From 2021...... 2,152,339
c From 2022...... 4,136,781
d From 2023...... 2,943,122
e From 2024...... 1,751,858
f Total of lines 3a through e ........ 17,036,877
4Qualifying distributions for 2025 from Part
XI, line 4: $ 6,022,241
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..... 2,911,817
e Remaining amount distributed out of corpus 3,110,424
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 20,147,301
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) ... 		6,052,777
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		14,094,524
10 Analysis of line 9:
a Excess from 2021 .... 2,152,339
b Excess from 2022 .... 4,136,781
c Excess from 2023 .... 2,943,122
d Excess from 2024 .... 1,751,858
e Excess from 2025 .... 3,110,424
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).)
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 e-mail address of the person to whom applications should be addressed:
CHS FOUNDATION
5500 CENEX DRIVE
INVER GROVE HEIGHTS,MN55077
(651) 355-6000
bThe form in which applications should be submitted and information and materials they should include:
APPLICANTS MAY SUBMIT A REQUEST ONLINE. WRITTEN REQUESTS ARE ACCEPTED, BUT NOT ENCOURAGED.
cAny submission deadlines:
IF APPLICABLE, SUBMISSION DEADLINES ARE DISCLOSED IN THE APPLICATION
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
CHS FOUNDATION SUPPORTS EDUCATION AND LEADERSHIP PROGRAMS THAT INVEST IN THE FUTURE OF AGRICULTURE, COOPERATIVE BUSINESS AND RURAL AMERICA. EACH APPLICATION IS REVIEWED INDIVIDUALLY. THE MAJORITY OF FUNDING AND FOCUS IS PLACED ON SCHOLARSHIPS AND GRANTS. ALL GRANT AWARDS ARE ON A YEAR-ROUND CYCLE, WITH THE FOLLOWING EXCEPTIONS. THE CHS FOUNDATION COOPERATIVE EDUCATION GRANTS PROGRAM, WHICH IS A COMPETITIVE GRANTS PROGRAM THAT FOCUSED ON INVESTING IN PROGRAMS THAT DEVELOP AND ENHANCE THE UNDERSTANDING OF COOPERATIVE BUSINESS THROUGH EDUCATION, PROFESSIONAL DEVELOPMENT AND PRACTICAL EXPERIENCE. APPLICATIONS FOR THAT PROGRAM ARE ACCEPTED, ANNUALLY, FROM JANUARY TO LATE FEBRUARY, WITH ANNOUNCEMENTS IN APRIL. THE CHS UNIVERSITY PARTNER COMPETITIVE GRANT PROGRAM, WHICH SUPPORTS AGRICULTURE-FOCUSED PROJECTS AT COLLEGES AND UNIVERSITIES, ACCEPTS APPLICATIONS ANNUALLY FROM APRIL TO JUNE, WITH ANNOUNCEMENTS IN THE FALL.
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

AGRICULTURE AND FORESTRY EDUCATION FOUNDATION

2702 W SUNSET BLVD STE B
SPOKANE,WA99224 		    AGFORESTRY LEADERSHIP PROGRAM - CLASS 45 - MODULE 3: LEADERSHIP AND SYSTEMS THINKING 12,000

AGRICULTURE FUTURE OF AMERICA

PO BOX 379
LIBERTY,MO64069 		    2024-26 AFA PROGRAM SUPPORT AND GROWTH PARTNERSHIP 272,500

AGRIINSTITUTE INC

PO BOX 249
DANVILLE,IN46122 		    INDIANA AGRICULTURAL LEADERSHIP PROGRAM 12,000

AGRISAFE NETWORK INC

136 TERRA BELLA BLVD SUITE B
COVINGTON,LA70433 		    BUILDING CAPACITY FOR A HEALTHIER AGRICULTURAL WORKFORCE 150,000

AGRISAFE NETWORK INC

136 TERRA BELLA BLVD SUITE B
COVINGTON,LA70433 		    2025 NATIONAL FARM SAFETY AND HEALTH WEEK 2,500

AMERICAN FARM BUREAU FOUNDATION FOR AGRICULTURE

600 MARYLAND AVE SW STE 1000W
WASHINGTON,DC20024 		    COLLEGIATE FARM BUREAU DISCUSSION MEET 18,000

AMERICAN FARM BUREAU FOUNDATION FOR AGRICULTURE

600 MARYLAND AVE SW STE 1000W
WASHINGTON,DC20024 		    COLLEGIATE FARM BUREAU DISCUSSION MEET 18,000

AMERICAN ROYAL ASSOCIATION

1701 AMERICAN ROYAL CT
KANSAS CITY,MO64102 		    AMERICAN ROYAL CROPS JUDGING CONTEST 2,000

ANIMAL AGRICULTURE ALLIANCE

2101 WILSON BLVD STE 810-B
ARLINGTON,VA22201 		    COLLEGE AGGIES ONLINE (CAO) 12,000

ASSOCIATION OF COOPERATIVE EDUCATOR

121 WASHINGTON AVENUE NORTH
MINNEAPOLIS,MN55401 		    AGCOOP VIRTUAL ACCELERATOR 22,500

BIG BEND COMMUNITY COLLEGE FOUNDATION

7662 CHANUTE ST NE
MOSES LAKE,WA98837 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

BLACK HAWK EAST COLLEGE FOUNDATION

26230 BLACK HAWK RD
GALVA,IL61434 		    2025/26 UNIVERSITY PARTNER PROGRAM 10,000

BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA

3835 HOLDREGE ST
LINCOLN,NE68503 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

BROADVIEW SCHOOL DISTRICT 21 J

PO BOX 147
BROADVIEW,MT59015 		    CHS FOUNDATION TEACHER GRANT 2,500

CASPER COLLEGE FOUNDATION

125 COLLEGE DR
CASPER,WY82601 		    2025/26 UNIVERSITY PARTNER PROGRAM 10,000

COLORADO AGRICULTURAL LEADERSHIP PROGRAM

PO BOX 1723
STERLING,CO80751 		    COLORADO AGRICULTURAL LEADERSHIP PROGRAM 12,000

COLORADO STATE UNIVERSITY FOUNDATION

300 UNIV SERVICES CTR
FORT COLLINS,CO80523 		    2025/26 UNIVERSITY PARTNER PROGRAM 33,685

COOPERATIONWORKS

1106 RUSSELL ST
BERKELEY,CA94702 		    THE ART AND SCIENCE OF COOPERATIVE DEVELOPMENT 5,000

COOPERATIVE DEVELOPMENT FOUNDATION

1775 I ST NW STE 800
WASHINGTON,DC20006 		    COOPERATIVE LEADERS AND SCHOLARS PROGRAM 10,000

COOPERATIVE EDUCATION CORPORATION

MONTANA FARMERS UNION 300 RIVER
DRIVE NORTH PO BOX 2447
GREAT FALLS,MT59404 		    DEVELOPING FUTURE LEADERS 25,000

COOPERATIVE EDUCATION CORPORATION

MONTANA FARMERS UNION 300 RIVER
DRIVE NORTH PO BOX 2447
GREAT FALLS,MT59404 		    DAY OF COOPERATIVE EDUCATION 8,000

DISCOVERY EDUCATION INC

4350 CONGRESS STREET SUITE 700
CHARLOTTE,NC28209 		    COOPERATIVE MINDS: CHS FOUNDATION + DISCOVERY EDUCATION 275,000

EDWARDS COUNTY COMMUNITY UNIT SCHOOL DISTRICT 1

361 WEST MAIN STREET
ALBION,IL62806 		    CHS FOUNDATION TEACHER GRANT 10,000

FARM FOUNDATION

1301 W 22ND ST STE 906
OAK BROOK,IL60523 		    YOUNG AGRI-FOOD LEADERS 12,000

FARMERS UNION FOUNDATION

305 ROSELAWN AVE E SUITE 200
SAINT PAUL,MN55117 		    MINNESOTA FARMERS UNION SUMMER LEADERSHIP CAMP PROGRAMS 25,000

FEEDING AMERICA

161 N CLARK ST STE 700
CHICAGO,IL60601 		    HUNGER RELIEF 1,000,000

FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC

1825 N BLUEMOUND DR
APPLETON,WI54914 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

FRIENDS OF BASSETT INC

1 ATWELL RD
COOPERSTOWN,NY13326 		    NATIONAL ROPS REBATE PROGRAM 50,000

GREENFIELD COMMUNITY UNIT SCHOOL DISTRICT NO 10

311 MULBERRY STREET
GREENFIELD,IL62044 		    CHS FOUNDATION TEACHER GRANT 2,500

ILLINOIS AGRICULTURAL LEADERSHIP FOUNDATION

PO BOX 1368
BLOOMINGTON,IL61702 		    ILLINOIS AGRICULTURAL LEADERSHIP ANNUAL FUNDING 12,000

IND SCHOOL DISTRICT 261

300 BIRCH AVENUE
ASHBY,MN56309 		    CHS FOUNDATION TEACHER GRANT 20,000

IOWA CORN GROWERS ASSOCIATION

5505 NW 88TH ST STE 100
JOHNSTON,IA50131 		    INTERNATIONAL TRADE MISSION SPONSORSHIP 12,000

IOWA STATE UNIVERSITY FOUNDATION

2505 UNIVERSITY BLVD
AMES,IA50010 		    GROWING THE FUTURE NURTURING DIGITAL AGRICULTURE STUDENTS 65,000

IOWA STATE UNIVERSITY FOUNDATION

2505 UNIVERSITY BLVD
AMES,IA50010 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

KANSAS AGRICULTURE AND RURAL LEADERSHIP INC

10E UMBERGER HALL KSU
MANHATTAN,KS66506 		    KARL PROGRAM CLASS XVII - YEAR TWO 12,000

KANSAS COOPERATIVE COUNCIL

PO BOX 1747
HUTCHINSON,KS67504 		    COOP 101 FOR INTERNS 5,000

KANSAS STATE UNIVERSITY FOUNDATION

1800 KIMBALL AVE STE 200
MANHATTAN,KS66502 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

LAKE AREA TECHNICAL COLLEGE FOUNDATION

1201 ARROW AVE NE
WATERTOWN,SD57201 		    LATC COMMODITY RISK MANAGEMENT LAB 229,361

LAKE AREA TECHNICAL COLLEGE FOUNDATION

1201 ARROW AVE NE
WATERTOWN,SD57201 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE

1801 COLLEGE DR N
DEVILS LAKE,ND58301 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

LAKE REGION COMMUNITY COLLEGE FOUNDATION OF DEVILS LAKE

1801 COLLEGE DR N
DEVILS LAKE,ND58301 		    LRSC AG +2 75,000

MADISON CONSOLIDATED SCHOOLS

2421 WILSON AVENUE
MADISON,IN47250 		    CHS FOUNDATION TEACHER GRANT 15,000

MILES COMMUNITY COLLEGE FOUNDATION

2715 DICKINSON ST
MILES CITY,MT59301 		    2025/26 UNIVERSITY PARTNER PROGRAM 10,000

MISSOURI STATE UNIVERSITY FOUNDATION

901 S NATIONAL AVE
SPRINGFIELD,MO65897 		    AG EDUCATION EXPANSION: AGRICULTURE TECHNOLOGY CERTIFICATE 89,679

MITCHELL TECHNICAL INSTITUTE FOUNDATION

1800 E SPRUCE ST
MITCHELL,SD57301 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

MONTANA COOPERATIVE DEVELOPMENT CENTER INC

410 CENTRAL AVE STE 429
GREAT FALLS,MT59401 		    BUILDING THE NEXT GENERATION THROUGH 4-H LEADERSHIP AND BUSINESS PROGRAMMING 10,000

MONTANA STATE UNIVERSITY FOUNDATION

1501 S 11TH AVE
BOZEMAN,MT59715 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

MONTANA STATE UNIVERSITY FOUNDATION

1501 S 11TH AVE
BOZEMAN,MT59715 		    GROW SCHOLARS - GROWTH THROUGH RESEARCH OPPORTUNITIES AND WORK 97,369

NATIONAL AGRICULTURE IN THE CLASSROOM

1422 MOUNTAIN SPRINGS RD
CABOT,AR72023 		    2025 NATIONAL CONFERENCE EXHIBITOR 1,500

NATIONAL AGRICULTURE IN THE CLASSROOM

1422 MOUNTAIN SPRINGS RD
CABOT,AR72023 		    2026 NATIONAL AGRICULTURE IN THE CLASSROOM SUPPORT 105,000

NATIONAL AGRI-MARKETING ASSOCIATION NAMA FOUNDATION

8700 STATE LINE ROAD
LEAWOOD,KS66206 		    STUDENT NAMA PROGRAM 5,000

NATIONAL FARMERS UNION FOUNDATION

20 F ST NW STE 300
WASHINGTON,DC20001 		    NFU COOPERATIVE AND ONLINE EDUCATION 55,000

NATIONAL FARMERS UNION FOUNDATION

20 F ST NW STE 300
WASHINGTON,DC20001 		    NFU GENERAL EDUCATION AND LEADERSHIP 40,000

NATIONAL FFA FOUNDATION

6060 FFA DR
INDIANAPOLIS,IN46278 		    NATIONAL FFA PARTNERSHIP FOR THE FUTURE 1,430,000

NORTH DAKOTA STATE UNIVERSITY FOUNDATION

1241 UNIVERSITY DR N
FARGO,ND58102 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

NORTH DAKOTA STATE UNIVERSITY FOUNDATION

1241 UNIVERSITY DR N
FARGO,ND58102 		    2025/26 UNIVERSITY PARTNER PROGRAM 83,333

NORTH SCOTT COMMUNITY SCHOOL DISTRICT

251 E IOWA STREET
ELDRIDGE,IA52748 		    CHS FOUNDATION TEACHER GRANT 2,500

NORTHEAST COMMUNITY COLLEGE FOUNDATION

801 E BENJAMIN AVE
NORFOLK,NE68701 		    AGRICULTURAL EXCELLENCE IN REMOTE INSPECTION AND SPRAYING (AERIS) 45,231

NORTHEAST COMMUNITY COLLEGE FOUNDATION

801 E BENJAMIN AVE
NORFOLK,NE68701 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

NORTHEAST IOWA COMMUNITY COLLEGE FOUNDATION INC

8342 NICC DR
PEOSTA,IA52068 		    GRAIN BIN SAFETY WEEK 2025 12,000

NORTHEAST IOWA COMMUNITY COLLEGE FOUNDATION INC

8342 NICC DR
PEOSTA,IA52068 		    NATIONAL FARM SAFETY AND HEALTH WEEK 10,000

NORTHWEST AGRICULTURAL COOPERATIVE COUNCIL

PO BOX 14911
TUMWATER,WA98511 		    OREGON STATE UNIVERSITY, WSU AND UNIVERSITY OF IDAHO COOPERATIVE CLASS AND TOUR OF COOPERATIVES 12,000

OKLAHOMA STATE UNIVERSITY FOUNDATION

146 AGRICULTURAL HALL
STILLWATER,OK74078 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

PORTAGE COMMUNITY SCHOOL DISTRICT

305 E SLIFER ST
PORTAGE,WI53901 		    CHS FOUNDATION TEACHER GRANT 2,500

PRAIRIE VIEW A&M UNIVERSITY

700 UNIVERSITY DRIVE
PRAIRIE VIEW,TX77446 		    MANRRS STUDENT TRAVEL SCHOLARSHIPS 10,000

PROGRESSIVE AGRICULTURE FOUNDATION

PO BOX 530425
BIRMINGHAM,AL35253 		    PROGRESSIVE AGRICULTURE SAFETY DAY 160,000

RALPH K MORRIS FOUNDATION

5775 WAYZATA BLVD STE 700
MINNEAPOLIS,MN55416 		    ELROY WEBSTER COOPERATIVE STUDIES 5,000

REDLANDS COMMUNITY COLLEGE

1300 S COUNTRY CLUB RD
EL RENO,OK73036 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

REDLANDS COMMUNITY COLLEGE

1300 S COUNTRY CLUB RD
EL RENO,OK73036 		    EXPERIENTIAL LEARNING IN ARTIFICIAL INSEMINATION TO DEVELOP TECHNICAL AND LEADERSHIP SKILLS 10,027

REGENTS OF THE UNIVERSITY OF MINNESOTA

2221 UNIVERSITY AVE SE SUITE 100
MINNEAPOLIS,MN55414 		    2026 MINNESOTA AGRICULTURAL EDUCATION INTERNSHIP 6,600

RESOURCE EDUCATION AND AGRICULTURE LEADERSHIP MONTANA FOUNDATION

100 RED MOUNTAIN DR
BOZEMAN,MT59718 		    REAL MONTANA CLASS VI PROGRAM SUPPORT 12,000

RIDGEWATER COLLEGE FOUNDATION

2101 15TH AVE NW
WILLMAR,MN56201 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

ROCKY MOUNTAIN FARMERS UNION EDUCATIONAL AND CHARITABLE

7900 E UNION AVENUE STE 200
DENVER,CO80237 		    ROCKY MOUNTAIN FARMERS UNION FELLOWS 12,000

ROCKY MOUNTAIN FARMERS UNION EDUCATIONAL AND CHARITABLE

7900 E UNION AVENUE STE 200
DENVER,CO80237 		    COOPERATIVE LEADERSHIP YOUTH PROGRAM 19,767

SILVER FALLS SCHOOL DISTRICT

612 SCHLADOR STREET
SILVERTON,OR97381 		    CHS FOUNDATION TEACHER GRANT 2,500

SOUTH DAKOTA AGRICULTURAL AND RURAL LEADSHIP FOUNDAITON

132 ANIMAL SCIENCE COMPLEX BOX 2170
BROOKINGS,SD57007 		    SOUTH DAKOTA AGRICULTURAL AND RURAL LEADERSHIP (SDARL) 12,000

SOUTH DAKOTA FARMERS UNION FOUNDATION

1410 DAKOTA AVE S
HURON,SD57350 		    EMPOWERING COOPERATIVES 25,000

SOUTH DAKOTA STATE UNIVERSITY FOUNDATION

815 MEDARY AVE
BROOKINGS,SD57006 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN

FOUNDERS HALL 1501 STATE STREET
MARSHALL,MN56258 		    MN AGRICULTURE & RURAL LEADERSHIP PROGRAM 12,000

THE BISMARCK STATE COLLEGE FOUNDATION

PO BOX 5587
BISMARCK,ND58506 		    HARVESTING OPPORTUNITY: BUILDING THE NEXT GENERATION OF AG LEADERS 9,000

THE BISMARCK STATE COLLEGE FOUNDATION

PO BOX 5587
BISMARCK,ND58506 		    2025/26 UNIVERSITY PARTNER PROGRAM 14,000

UNIVERSITY OF IDAHO FOUNDATION INC

875 PERIMETER DR
MOSCOW,ID83844 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

UNIVERSITY OF IDAHO FOUNDATION INC

875 PERIMETER DR
MOSCOW,ID83844 		    UNEARTHING POTENTIAL: CULTIVATING TOMORROWS AGRICULTURAL SOIL SCIENTISTS 262,136

UNIVERSITY OF ILLINOIS FOUNDATION

1305 W GREEN ST
URBANA,IL61801 		    2025/26 UNIVERSITY PARTNER PROGRAM 22,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN55455 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

UNIVERSITY OF MINNESOTA FOUNDATION

200 OAK ST SE STE 500
MINNEAPOLIS,MN55455 		    COMMODITY CHALLENGE 17,000

UNIVERSITY OF NEBRASKA FOUNDATION

1010 LINCOLN MALL STE 300
LINCOLN,NE68508 		    THE NEBRASKA LEAD PROGRAM: PREPARING THE NEXT GENERATION OF LEADERS FOR NEBRASKA AGRICULTURE 12,000

UNIVERSITY OF NEBRASKA FOUNDATION

1010 LINCOLN MALL STE 300
LINCOLN,NE68508 		    CULTIVATE ACCESS 154,307

UNIVERSITY OF WISCONSIN RIVER FALLS FOUNDATION

410 S 3RD ST
RIVER FALLS,WI54022 		    2025/26 UNIVERSITY PARTNER PROGRAM 32,000

WEST TEXAS A & M UNIVERSITY FOUNDATION

PO BOX 60766
CANYON,TX79016 		    2025/26 UNIVERSITY PARTNER PROGRAM 22,000

WISCONSIN FARMERS UNION FOUNDATION INC

117 W SPRING ST
CHIPPEWA FLS,WI54729 		    NOURISHING IN NATURE: 2025 WISCONSIN FARMERS UNION CAMP 32,000

WISCONSIN FARMERS UNION FOUNDATION INC

117 W SPRING ST
CHIPPEWA FLS,WI54729 		    GATHER AND GROW: 2024 WFU CO-OP YOUTH PROGRAM 7,000
Total ................................. 3a 5,738,995
bApproved for future payment

DISCOVERY EDUCATION INC
4350 CONGRESS STREET SUITE 700
CHARLOTTE,NC28209 		    COOPERATIVE MINDS: CHS FOUNDATION + DISCOVERY EDUCATION 275,000
Total ................................. 3b 275,000
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 3,819,519  
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 ............ 		    18 373,848  
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 4,193,367 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,193,367
(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)
Yes
 
(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
1a(1) 275,000 DISCOVERY EDUCATION INC GRANT
1a(1) 12,000 IOWA CORN GROWERS ASSOCIATION GRANT
1a(1) 5,000 KANSAS COOPERATIVE COUNCIL GRANT
1a(1) 12,000 NORTHWEST AGRICULTURAL COOPERATIVE COUNCIL GRANT
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
CHS FOUNDATION
 
Employer identification number

41-6025858
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
CHS FOUNDATION
  		Employer identification number
41-6025858
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
CHS INC
 
5500 CENEX DRIVE
 
INVER GROVE HEIGHTS, MN55077

$ 3,407,286


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

$  


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

$  


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

$  


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

$  


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

$  


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

41-6025858
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
CHS FOUNDATION
  		Employer identification number

41-6025858
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:
CHS FOUNDATION
EIN:
41-6025858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 45,628 22,814   22,814

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

TY 2025 ExpenditureResponsibilityStmt
Name:
CHS FOUNDATION
EIN:
41-6025858
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
NORTHWEST AGRICULTURAL EXECUTIVE COUNCIL
  		PO BOX 14911
TUMWATER,WA98511 		2025-03-19 12,000 OREGON STATE UNIVERSITY, WSU AND UNIVERSITY OF IDAHO COOPERATIVE CLASS AND TOUR OF COOPERATIVES 12,000 NO 12/31/25 2025-02-17  
KANSAS COOPERATIVE COUNCIL
  		1515 EAST 30TH AVE
HUTCHINSON,KS67502 		2025-03-19 5,000 CO-OPS 101 FOR INTERNS 5,000 NO 6/30/25 2025-02-14  
DISCOVERY EDUCATION INC
  		10576 JUSTIN DR
URBANDALE,IA50322 		2023-09-03 550,000 COOPERATIVE MINDS: CHS FOUNDATION + DISCOVERY EDUCATION 275,000 NO DUE: 10/31/26; FINAL DUE: 10/31/27 2025-08-01  
IOWA CORN GROWERS ASSOCIATION
  		5505 NW 88TH ST STE 100
JOHNSTON,IA501312948 		2025-03-11 12,000 INTERNATIONAL TRADE MISSION SPONSORSHIP 12,000 NO 5/31/25 2025-04-16  

TY 2025 InvestmentsCorpBondsSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Name of Bond End of Year Book Value End of Year Fair Market Value
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND 5,024,411 5,024,411
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND 2,302,063 2,302,063
TOTAL BOND MKT IX IST PLS 10,158,574 10,158,574

TY 2025 InvestmentsCorpStockSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Name of Stock End of Year Book Value End of Year Fair Market Value
VANGUARD TOTAL INTERNATIONAL STOCK INDEX 9,496,546 9,496,546
VANGUARD TOTAL STOCK MARKET INDEX FUND 13,870,223 13,870,223
VANGUARD PRIMECAP FUND 7,615,436 7,615,436
VANGUARD WINDSOR FUND 6,656,842 6,656,842
VANGUARD INTERNATIONAL VALUE FUND 4,934,398 4,934,398
VANGUARD INTERNATIONAL GROWTH FUND 4,634,407 4,634,407

TY 2025 LegalFeesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,113 0   1,113


TY 2025 OtherExpensesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL & MANAGERIAL EXPENSE 63,688 0   7,855
PROMOTION EXPENSE 25,016 0   25,016
STATE FILING FEE 25 0   25


TY 2025 OtherIncreasesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Description Amount
UNREALIZED GAIN ON INVESTMENTS 6,065,472


TY 2025 OtherLiabilitiesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Description Beginning of Year - Book Value End of Year - Book Value
EXCISE TAX LIABILITY 138,734 180,224


TY 2025 OtherProfessionalFeesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 96,611 96,611   0
CONSULTING FEES 28,135 0   28,135


TY 2025 TaxesSchedule
Name:
CHS FOUNDATION
EIN:
41-6025858
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 144,042 0   0