TY 2024 Form 990PF

- TIN:

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.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025

Name of foundation
Great Plains Education Foundation Inc
C/O Dacotah Bank Trust

Number and street (or P.O. box number if mail is not delivered to street address)415 South Main Street Suite 301
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Aberdeen, SD574021210

A Employer identification number

46-0350016

B Telephone number (see instructions)

(605) 229-7119

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$32,032,551J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	843		843
4	Dividends and interest from securities...	1,067,061		1,067,061
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-6,914
b	Gross sales price for all assets on line 6a 9,152,785
7	Capital gain net income (from Part IV, line 2)...			0
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).......	List of Attached Documents: // Content	0	-6,494
12	Total. Add lines 1 through 11........	1,060,990		1,061,410
13	Compensation of officers, directors, trustees, etc.	0		0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	32,594	3,259	29,335
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	132,036	132,036	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	28,674	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	8,438	0	8,438
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	201,742		135,295	37,773
25	Contributions, gifts, grants paid.......	1,105,000			1,105,000
26	Total expenses and disbursements. Add lines 24 and 25	1,306,742		135,295	1,142,773
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-245,752
b	Net investment income (if negative, enter -0-)			926,115
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,974,505	2,757,798	2,757,798
	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..........	8,438	8,438	8,438
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	8,678,502	List of Attached Documents: // Content 9,445,429	9,445,429
	c	Investments—corporate bonds (attach schedule).......	18,109,263	List of Attached Documents: // Content 17,285,904	17,285,904
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	2,122,292	List of Attached Documents: // Content 2,534,982	2,534,982
	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)	30,893,000	32,032,551	32,032,551
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................	4,280,000	4,280,000
	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 )
	23	Total liabilities (add lines 17 through 22).........	4,280,000	4,280,000
		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........	0	0
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	26,613,000	27,752,551
	29	Total net assets or fund balances (see instructions).....	26,613,000	27,752,551
	30	Total liabilities and net assets/fund balances (see instructions).	30,893,000	32,032,551

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

26,613,000

Enter amount from Part I, line 27a .....................

-245,752

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

1,385,303

Add lines 1, 2, and 3 ..........................

27,752,551

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

27,752,551

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation
1 a	Publicly Traded Securities
b	Passthrough Partnerships	P
c	Capital Gains Dividends	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,125,159	9,159,699	-34,540
b		63,211	-63,211
c	27,626		27,626
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			-34,540
b			-63,211
c			27,626
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	-70,125
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 ...................		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.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	12,873
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	12,873
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	12,873
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	15,000
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	11,500
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	26,500
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	305
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,322
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax13,322	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

Dacotah Bank Trust and Wealth Manag Telephone no. right arrow

(605) 229-7119

Located at right arrow

308 South Main StreetAberdeenSD ZIP+4 right arrow

57401

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

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)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

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

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

Yes

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Harvey C Jewett IV	President/Secretary/Treasurer 10.00	0	0	0
415 South Main Street Suite 301 Aberdeen,SD57402	President/Secretary/Treasurer 10.00	0	0	0
Jack Thompson	Vice President 1.00	0	0	0
415 South Main Street Suite 301 Aberdeen,SD57402	Vice President 1.00	0	0	0
Mike Evans	Director 1.00	0	0	0
415 South Main Street Suite 301 Aberdeen,SD57402	Director 1.00	0	0	0
Eldon Swingler	Director 1.00	0	0	0
415 South Main Street Suite 301 Aberdeen,SD57402	Director 1.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Dacotah Bank Trust and Wealth Management	Investment Management and Agent	131,834
308 South Main St Aberdeen,SD57401	Investment Management and Agent	131,834

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

29,354,161

Average of monthly cash balances.......................

1,953,340

Fair market value of all other assets (see instructions)................

73,274

Total (add lines 1a, b, and c).........................

31,380,775

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

31,380,775

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

470,712

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

30,910,063

Minimum investment return. Enter 5% (0.05) of line 5................

1,545,503

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,545,503

Tax on investment income for 2024 from Part V, line 5 .......

12,873

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

12,873

Distributable amount before adjustments. Subtract line 2c from line 1............

1,532,630

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,532,630

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,532,630

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,142,773

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,142,773

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				1,532,630
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			344,755
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,142,773
a Applied to 2023, but not more than line 2a			344,755
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....				798,018
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2024.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				734,612
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
South Dakota Board of Regents 306 E Capitol Ave 200 Pierre,SD57501		GOV	Educational Impact Campaign and SDSBVI	700,000
Aberdeen Catholic School System 1400 N Dakota St Aberdeen,SD57401		PC	Educational Programming	65,000
SPURS Therapeutic Riding 38815 130th St PO Box 430 Aberdeen,SD57401		PC	Scholarship Fund	5,000
Aberdeen School District 2200 S Roosevelt St Aberdeen,SD57401		GOV	Tutoring Program	115,000
Aberdeen Christian School 1500 N Hwy 281 Aberdeen,SD57401		PC	Tuition Assistance Program	20,000
South Dakota Historical Society Foundation 900 Governors Drive Pierre,SD57501		PC	General Operations	200,000
Total ................................. 3a				1,105,000

bApproved for future payment
SPURS Therapeutic Riding 38815 130th St PO Box 430 Aberdeen,SD57401	PC	Scholarship Fund	5,000
Aberdeen Catholic School System 1400 N Dakota St Aberdeen,SD57401	PC	Educational Programming	40,000
Aberdeen School District 2200 S Roosevelt St Aberdeen,SD57401	GOV	Tutoring Program	40,000
Aberdeen Catholic School System 1400 N Dakota St Aberdeen,SD57401	PC	Educational Programming	20,000
South Dakota Historical Society Foundation 900 Governors Drive Pierre,SD57501	PC	General Operations	1,000,000
Total ................................. 3b			1,105,000

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	843
4 Dividends and interest from securities ....			14	1,067,061
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14
8 Gain or (loss) from sales of assets other than inventory ............			18	-6,914
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		1,060,990	0

13Total. Add line 12, columns (b), (d), and (e)..................

1,060,990

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type 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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting Fees	32,594	3,259		29,335

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T, Inc. - 4.30% Due 02-15-30	199,170	199,170
American Express Co. - 4.05% Due 05-03-29	249,903	249,903
Apple, Inc. - 3.35% Due 02-09-27	247,590	247,590
Autozone, Inc. - 3.75% Due 06-01-27	247,502	247,502
Autozone, Inc. - 4.75% Due 02-01-33	148,433	148,433
Bank of America Corp. - 4.25% Due 10-22-2 6	249,468	249,468
Berkshire Hathaway, Inc. - 3.125% Due 03- 15-26	248,523	248,523
Black Hills Corp. - 3.15% Due 01-15-27	244,935	244,935
Black Hills Corp. - 5.95% Due 03-15-28	258,963	258,963
CSX Corp. - 3.80% Due 03-01-28	297,319	297,319
CSX Corp. - 4.25% Due 03-15-29	249,975	249,975
CVS Health Corp. - 5.55% Due 06-01-31	207,673	207,673
Charles Schwab Corp. - 3.20% Due 03-02-27	246,280	246,280
Chevron USA, Inc. - 3.25% Due 10-15-29	145,435	145,435
Cisco Systems - 2.50% Due 09-20-26	196,441	196,441
Clorox Co. - 3.90% Due 05-15-28	247,905	247,905
Clorox Co. - 4.40% Due 05-01-29	251,035	251,035
Clorox Co. Del - 4.60% Due 05-01-32	249,766	249,766
Coca Cola Co. - 1.45% Due 06-01-27	143,192	143,192
Comcast Corp. - 3.15% Due 03-01-26	248,039	248,039
Comcast Corp. - 4.25% Due 10-15-30	149,242	149,242
FedEx Corp. - 3.40% Due 02-15-28	146,581	146,581
Ford Motor Credit Company - 4.00% Due 11- 13-30	228,011	228,011
Georgia Power Co. - 2.65% Due 09-15-29	234,326	234,326
Gilead Sciences, Inc. - 3.65% Due 03-01-2 6	249,230	249,230
HSBC Holdings PLC - 4.95% Due 03-31-30	508,387	508,387
Honeywell Intl Inc. - 4.70% Due 02-01-30	202,891	202,891
Hyundai Capital America - 4.75% Due 09-26 -31	247,542	247,542
Intel Corp. - 3.70% Due 07-29-25	498,377	498,377
Intel Corp. - 4.00% Due 12-15-32	187,488	187,488
Intel Corp. - 4.875% Due 02-10-28	253,226	253,226
International Business Machines - 4.15% D ue 07-27-27	249,925	249,925
JB Hunt Transport Services - 3.875% Due 0 3-01-26	249,449	249,449
JP Morgan Chase & Co. - 4.25% Due 10-01-2 7	251,171	251,171
John Deere Capital Corp. - 4.90% Due 03-0 7-31	204,969	204,969
Johnson & Johnson - 2.45% Due 03-01-26	246,972	246,972
Kimberly Clark Corp. - 3.20% Due 04-25-29	242,495	242,495
Kinder Morgan, Inc. - 4.30% Due 03-01-28	250,188	250,188
Kroger Co. - 3.70% Due 08-01-27	247,743	247,743
Lincoln National Corp. - 3.80% Due 03-01- 28	246,122	246,122
Lowes Companies, Inc. - 1.30% Due 04-15-2 8	231,280	231,280
McCormick & Co., Inc. - 3.40% Due 08-15-2 7	245,783	245,783
McDonalds Corp. - 3.50% Due 07-01-27	246,970	246,970
McDonalds Corp. - 4.60% Due 09-09-32	250,429	250,429
Microsoft Corp. - 3.125% Due 11-03-25	249,514	249,514
Morgan Stanley - 3.875% Due 01-27-26	248,945	248,945
Norfolk Southern Corp. - 2.30% Due 05-15- 31	222,049	222,049
O'Reilly Automotive, Inc. - 4.20% Due 04- 01-30	148,445	148,445
Oracle Corp. - 2.30% Due 03-25-28	142,389	142,389
Oracle Corp. - 2.875% Due 03-25-31	227,974	227,974
Pepsico, Inc. - 4.45% Due 02-15-33	250,268	250,268
Pfizer, Inc. - 3.00% Due 12-15-26	98,624	98,624
Phillips 66 - 3.25% Due 02-15-32	220,719	220,719
Phillips 66 - 3.90% Due 03-15-28	248,827	248,827
Phillips 66 Co. - 5.25% Due 06-15-31 256,6	256,612	256,612
Procter & Gamble Co. - 2.30% Due 02-01-32	224,172	224,172
Public Storage - 5.125% Due 01-15-29	464,072	464,072
Raymond James Financial, Inc. - 4.65% Due 04-01-30	253,454	253,454
Sherwin-Williams - 3.45% Due 08-01-25	249,924	249,924
Sherwin-Williams Co. - 3.45% Due 06-01-27	147,989	147,989
Stanley Black & Decker, Inc. - 3.40% Due 03-01-26	148,832	148,832
Starbucks Corp. - 2.00% Due 03-12-27	96,306	96,306
Starbucks Corp. - 4.90% Due 02-15-31	255,269	255,269
Target Corp. - 2.50% Due 04-15-26	247,095	247,095
Tyson Foods, Inc. - 3.55% Due 06-02-27	246,644	246,644
Union Pacific Corp. - 3.70% Due 03-01-29	147,522	147,522
Verizon Communications, Inc. - 4.125% Due 03-16-27	149,881	149,881
Verizon Communications, Inc. - 4.329% Due 09-21-28	251,015	251,015
Visa, Inc. - 3.15% Due 12-14-25	198,935	198,935
Waste Management, Inc. - 4.80% Due 03-15- 32	254,000	254,000
Waste Management, Inc. - 4.875% Due 02-15 -29	255,860	255,860
Wells Fargo & Co. - 4.10% Due 06-03-26	248,966	248,966
Xcel Energy, Inc. - 3.40% Due 06-01-30	237,205	237,205
Xcel Energy, Inc. - 4.00% Due 06-15-28	248,053	248,053

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AbbVie, Inc.	176,339	176,339
Accenture PLC	104,612	104,612
Adobe Systems, Inc.	174,096	174,096
Alphabet, Inc. Class A	422,952	422,952
Amazon.com, Inc.	482,658	482,658
Amentum Holdings, Inc.	1,417	1,417
American Electric Power Co., Inc.	103,760	103,760
Apple, Inc.	386,130	386,130
Applied Materials, Inc.	201,377	201,377
Bank of America Corp.	236,600	236,600
Berkshire Hathaway, Inc. Class B New	77,723	77,723
Blackrock Funding, Inc.	262,312	262,312
Broadcom, Inc.	55,130	55,130
CME Group, Inc.	137,810	137,810
Cadence Design Systems, Inc.	200,297	200,297
Chevron Corporation	143,190	143,190
Cisco Systems, Inc.	138,760	138,760
Cummins, Inc.	163,750	163,750
Deere & Company	127,122	127,122
EOG Resources, Inc.	83,727	83,727
Emerson Electric Co.	39,999	39,999
Enbridge, Inc.	113,300	113,300
General Dynamics Corp.	145,830	145,830
Goldman Sachs Group, Inc.	53,081	53,081
Home Depot, Inc.	166,088	166,088
Honeywell International, Inc.	151,372	151,372
Ingredion, Inc.	135,620	135,620
Intercontinental Exchange, Inc.	73,388	73,388
JPMorgan Chase & Co.	304,405	304,405
Johnson & Johnson	229,125	229,125
Marriott International, Inc.	191,247	191,247
McDonald's Corp.	43,825	43,825
Merck & Company, Inc.	98,950	98,950
Meta Platforms, Inc.	258,331	258,331
Microsoft Corp.	497,410	497,410
Morgan Stanley	211,290	211,290
NextEra Energy, Inc.	138,840	138,840
Nvidia Corp.	236,985	236,985
Oracle Corp.	207,698	207,698
PNC Financial Services Group, Inc.	74,568	74,568
Palo Alto Networks, Inc.	143,248	143,248
Paychex, Inc.	145,460	145,460
PepsiCo, Inc.	165,050	165,050
Pfizer, Inc.	67,872	67,872
Procter & Gamble Co.	223,048	223,048
Prologis, Inc.	42,048	42,048
Prudential Financial, Inc.	80,580	80,580
Public Storage	67,487	67,487
Qualcomm, Inc.	63,704	63,704
RTX Corporation	102,214	102,214
Southern Co.	128,562	128,562
Stryker Corp.	79,126	79,126
Tesla, Inc.	47,649	47,649
Uber Technologies, Inc.	93,300	93,300
UnitedHealth Group, Inc.	124,788	124,788
Verizon Communications, Inc.	142,791	142,791
Visa, Inc.	195,278	195,278
Walmart, Inc.	195,560	195,560
Walt Disney Company	155,013	155,013
Waste Management, Inc.	45,764	45,764
Zoetis, Inc.	85,773	85,773

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Champlain Mid Cap Institutional	FMV	177,477	177,477
MFS Mid Cap Value I	FMV	170,294	170,294
Macquarie Small Cap Core I	FMV	133,829	133,829
Materials Select Sector SPDR	FMV	87,810	87,810
Vanguard FTSE Emerging Markets ETF	FMV	158,272	158,272
iShares Core S&P Mid-Cap ETF	FMV	403,130	403,130
iShares Core S&P Small-Cap ETF	FMV	120,219	120,219
iShares Gold Trust	FMV	405,340	405,340
iShares MSCI EAFE Index	FMV	625,730	625,730
Landmark Equity Partnership XIV ASP Fund, LLC	FMV	17,056	17,056
Siguler Guff Distressed Real Estate ASP F und, LLC	FMV	40,385	40,385
Accrued Interest	FMV	195,440	195,440

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Insurance	8,438	0		8,438

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Income/Loss from Partnerships	0	-6,494	0

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Description	Amount
Unrealized Gains	1,385,303

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Fees	132,036	132,036		0

- TIN:

TY 2024 TaxesSchedule

Name:

Great Plains Education Foundation Inc

C/O Dacotah Bank Trust

EIN:

46-0350016

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Payments	28,674	0		0