NORTHWEST AREA FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: NORTHWEST AREA FOUNDATION (EIN 41-0719221)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-13
IRS object ID: 202503179349102655
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
All Oth Prog Rltd Investments Sch
Gain Loss Sale Other Assets Sch
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-13T16:52:31-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	227 WEST FIRST STREET SUITE 700	AddressLine1Txt
City	DULUTH	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55802	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	410719221	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORTHWEST AREA FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NORT	BusinessNameControlTxt
Phone	6512249635	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	60 PLATO BOULEVARD EAST 400	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55107	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	RAMYA RAUF	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	6512249635	PhoneNum
Signature	2025-11-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JULIE BOYER	PreparerPersonNm
PTIN	P01278549	PTIN
Phone	2187275025	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$547,574,363	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$10,793,573	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$12,622,904	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$29,740,471	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$220,295,023	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$19,253,009	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$16,503	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$14,443,726	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$40,550,547	TotalRevAndExpnssAmt
Total Net Invst Incm	$46,319,639	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$1,084,499	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$96,410	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$988,089	CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss	$2,488,738	OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm	$107,743	OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl	$2,298,913	OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss	$1,006,174	PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm	$59,298	PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl	$947,551	PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss	$128,623	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$36,587	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$103,203	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$107,743	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$41,948	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$65,795	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$5,307,491	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$1,176,381	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$50,043	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$1,678,089	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$471,149	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$0	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$293,749	DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm	$0	DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss	$287,788	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$0	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$274,425	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$355,524	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$20,637	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$341,506	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$742,572	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$5,149,238	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$459,318	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$13,480,990	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$7,159,391	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$5,528,843	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$21,923,533	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$18,241,029	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$35,404,523	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$7,159,391	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$23,769,872	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$5,146,024	ExcessRevenueOverExpensesAmt
Net Investment Income	$39,160,248	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$9,433,822	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$6,276,384	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$6,276,384	SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl	$3	AcctRcvblAmt
Acct Rcvbl BOY	$63	AcctRcvblBOYAmt
Acct Rcvbl EOY	$3	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$3	AcctRcvblEOYFMVAmt
Prepaid Expenses BOY	$123,449	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$108,942	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$108,942	PrepaidExpensesEOYFMVAmt
US Government Obligations BOY	$8,311,656	USGovernmentObligationsBOYAmt
US Government Obligations EOY	$0	USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV	$0	USGovtObligationsEOYFMVAmt
Corporate Stock BOY	$300,571,628	CorporateStockBOYAmt
Corporate Stock EOY	$123,057,398	CorporateStockEOYAmt
Corporate Stock EOYFMV	$123,057,398	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$91,154,425	CorporateBondsBOYAmt
Corporate Bonds EOY	$19,615,109	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$19,615,109	CorporateBondsEOYFMVAmt
Other Investments BOY	$104,533,869	OtherInvestmentsBOYAmt
Other Investments EOY	$380,431,648	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$380,431,648	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$2,155,898	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$459,882	LandBldgEquipAccumDeprecAmt
Land BOY	$1,935,822	LandBOYAmt
Land EOY	$1,696,016	LandEOYAmt
Land EOYFMV	$1,696,016	LandEOYFMVAmt
Other Assets BOY	$12,482,177	OtherAssetsBOYAmt
Other Assets EOY	$16,388,863	OtherAssetsEOYAmt
Other Assets EOYFMV	$16,388,863	OtherAssetsEOYFMVAmt
Total Assets BOY	$528,546,911	TotalAssetsBOYAmt
Total Assets EOY	$547,574,363	TotalAssetsEOYAmt
Total Assets EOYFMV	$547,574,363	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$545,176	AccountsPayableBOYAmt
Accounts Payable EOY	$489,555	AccountsPayableEOYAmt
Grants Payable BOY	$5,230,000	GrantsPayableBOYAmt
Grants Payable EOY	$7,955,000	GrantsPayableEOYAmt
Other Liabilities BOY	$3,438,626	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$3,710,701	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$9,213,802	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$12,155,256	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$509,008,815	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$525,094,813	NoDonorRstrNetAssestsEOYAmt
Donor Rstr Net Assets BOY	$10,324,294	DonorRstrNetAssetsBOYAmt
Donor Rstr Net Assets EOY	$10,324,294	DonorRstrNetAssetsEOYAmt
Tot Net Ast Or Fund Balances BOY	$519,333,109	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$535,419,107	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$528,546,911	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$547,574,363	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$519,333,109	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$5,146,024	ExcessRevenueOverExpensesAmt
Other Increases	$10,939,974	OtherIncreasesAmt
Subtotal	$535,419,107	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$535,419,107	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (18 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
XPONANCE	P	2023-01-01	2024-12-31	$14,529,602	$13,769,827	$759,775	$759,775
PRIVATE REAL ASSETS	P	2023-01-01	2024-12-31	$10,940,325	$10,293,242	$647,083	$647,083
PRIVATE EQUITY	P	2023-01-01	2024-12-31	$26,054,737	$23,284,688	$2,770,049	$2,770,049
PARAMETRIC	P	2023-01-01	2024-12-31	$11,651,636	$11,265,102	$386,534	$386,534
FULLER & THALER	P	2023-01-01	2024-12-31	$7,202,621	$6,828,316	$374,305	$374,305
EMERGING MARKET EQUITY	P	2023-01-01	2024-12-31	$147,598	$62,457	$85,141	$85,141
CREDIT	P	2023-01-01	2024-12-31	$13,146,230	$16,056,040	-$2,909,810	-$2,909,810
GLOBAL EQUITY	P	2023-01-01	2024-12-31	$16,510,486	$12,770,268	$3,740,218	$3,740,218
GLOBAL CREDIT	P	2023-01-01	2024-12-31	$1,274,519	$1,281,780	-$7,261	-$7,261
US EQUITIES	P	2023-01-01	2024-12-31	$39,000,916	$22,799,527	$16,201,389	$16,201,389
DEVELOPED INTERNATIONAL EQUITY	P	2023-01-01	2024-12-31	$6,241,804		$6,241,804	$6,241,804
DIVERSIFYING STRATEGIES	P	2023-01-01	2024-12-31	$4,000,282	$2,764,343	$1,235,939	$1,235,939
TIPS	P	2023-01-01	2024-12-31	$4,111	$4,282	-$171	-$171
MONEY MARKET	P	2023-01-01	2024-12-31	$59,977,445	$59,977,445	$0	$0
DENALI	P	2023-01-01	2024-12-31	$9,612,711	$9,397,235	$215,476	$215,476
DISTRIBUTION IN EXCESS OF BASIS - CASTLELAKE IV LP	P	2023-01-01	2024-12-31			$467,190	$467,190
CAPITAL GAINS FROM PARTNERSHIP K-1S (ADJUSTMENT)	P	2023-01-01	2024-12-31			-$10,926,812	-$10,926,812
LOSS ON DISPOSITION - ADAMS ST PARTNERSHIP FUND - 2003 NON-U.S. FUND, L.P.	P	2023-01-01	2024-12-31			-$27,840	-$27,840

Field	Value	IRS element (for citing)
Capital Gain Net Income	$19,253,009	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$544,327	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$544,327	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$544,327	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$980,953	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$420,000	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$1,400,953	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$856,626	OverpaymentAmt
Applied To ES Tax	$856,626	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	MN	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	WWW.NWAF.ORG	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	THE ORGANIZATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	6512249635	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 PLATO BOULEVARD EAST 400	AddressLine1Txt
City	ST PAUL	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55107	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (20 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
LAURA ALVAREZ SCHRAG
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$17,600	$0	$0
ELISABETH BUCK
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$21,100	$0	$0
JUEL BURNETTE
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$18,800	$0	$0
DUANE CARTER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$29,700	$0	$0
WAYNE DUCHENEAUX
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$17,000	$0	$0
JOE ELTOBGI
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$17,000	$0	$0
LIBBY HLAVKA
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$21,425	$0	$0
JOYCE LEE
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$23,800	$0	$0
SALOME MWANGI
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$17,000	$0	$0
MICHELLE OSBORNE
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$22,300	$0	$0
AMY SINGS IN THE TIMBER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$14,950	$0	$0
GEORGINA SLADE
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$18,800	$0	$0
MARIA VALANDRA
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$4,450	$0	$0
JENNIFER WILLIAMS
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	DIRECTOR	3.00	$18,800	$0	$0
REBECCA KLEVAN
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	NON-DIRECTOR COMMITTEE MEMBER	1.00	$2,400	$0	$0
KASHI YOSHIKAWA
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	NON-DIRECTOR COMMITTEE MEMBER	1.00	$2,400	$0	$0
ANGELA GORDER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	NON-DIRECTOR COMMITTEE MEMBER	1.00	$0	$0	$0
MELISSA PELLAND
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	NON-DIRECTOR COMMITTEE MEMBER	1.00	$0	$0	$0
KEVIN WALKER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	PRESIDENT/SECRETARY	40.00	$557,901	$70,413	$0
RAMYA RAUF
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	CFO/VP-FINANCE & ADMIN	40.00	$259,073	$31,842	$0

Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee BenefitsEmployeeBenefitsAmt	Expense AccountExpenseAccountAmt
KARLA MILLER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD	ST PAUL	MN	55107	VICE PRESIDENT OF PR	40.00	$230,656	$32,330	$0
KAREN APPELBAUM
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD	ST PAUL	MN	55107	DIRECTOR OF OPERATIO	40.00	$188,267	$57,350	$0
PAUL BACHLEITNER
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD	ST PAUL	MN	55107	COMMUNICATIONS DIREC	40.00	$180,836	$43,550	$0
CHETNA TANDON
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD	ST PAUL	MN	55107	DIRECTOR OF PEOPLE A	40.00	$153,570	$22,784	$0
CHRISTIANNE LIND
C/O NORTHWEST AREA FOUNDATION 60	PLATO BOULEVARD	ST PAUL	MN	55107	PROGRAM OFFICER	40.00	$150,476	$22,329	$0

Field	Value	IRS element (for citing)
Other Employee Paid Over50k	15	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
NEPC LLC
255 STATE ST	BOSTON	MA	02109	INVESTMENT CONSULTING	$379,158
FAEGRE DRINKER BIDDLE & REATH LLP
NW 6139 PO BOX 1450	MINNEAPOLIS	MN	554856139	LEGAL SERVICES	$119,783
CLIFTONLARSONALLEN LLP
220 SOUTH SIXTH ST STE 300	MINNEAPOLIS	MN	55402	AUDIT AND TAX SERVICES	$108,574

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	ESTABLISHED IN 1934, THE NORTHWEST AREA FOUNDATION SUPPORTS ORGANIZATIONS THAT WORK WITH COMMUNITIES TO ADVANCE JUSTICE IN ITS REGION OF EIGHT STATES AND 76 NATIVE NATIONS. GRANTEE ORGANIZATIONS ADVANCE LONG-OVERDUE CHANGE IN DEEP CONNECTION WITH THE LAND THEY INHABIT AND COMMUNITIES THEY SERVE - NATIVE AMERICANS, COMMUNITIES OF COLOR, IMMIGRANTS, REFUGEES, AND PEOPLE IN RURAL AREAS.THE FOUNDATION PROVIDES FUNDING TO GRANTEE ORGANIZATIONS, BUT ALSO CONNECTIONS TO OTHER FUNDERS, INFORMATION, AND FELLOW LEADERS. THE FOUNDATION FOLLOWS THE LEAD OF GRANTEE ORGANIZATIONS TO CHANGE POLICIES, PRACTICES, AND BELIEFS AND HEAL FROM INJUSTICE SO THAT COMMUNITIES CAN THRIVE ON THEIR OWN TERMS.	Description1Txt
Expenses1	$2,831,828	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	CRAFT3 - ACCESS TO FINANCING FOR ENTREPRENEURS OF COLOR IN THE PACIFIC NORTHWEST	Description1Txt
Expenses1	$1,000,000	Expenses1Amt
Description2	LAKOTA FUNDS INC. - ACCESS TO FINANCING FOR NATIVE AMERICANS	Description2Txt
Expenses2	$1,000,000	Expenses2Amt
All Other Program Rltd Invst Tot	$2,100,000	AllOtherProgramRltdInvstTotAmt
Total	$4,100,000	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$534,423,694	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	-$5,516	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$534,418,178	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$534,418,178	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$8,016,273	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$526,401,905	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$26,320,095	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$26,320,095	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$544,327	TaxBasedOnInvestmentIncomeAmt
Income Tax	$80,816	IncomeTaxAmt
Total Tax	$625,143	TotalTaxAmt
Distributable Before Adj	$25,694,952	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$4,312,096	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$30,007,048	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$30,007,048	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$23,769,872	ExpensesAndContributionsAmt
Program Related Invst Total	$4,100,000	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$46,259	CharitableAssetsAcquisPaidAmt
Qualifying Distributions	$27,916,131	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$30,007,048	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$4,397,880	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$4,826,939	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1	$1,959,849	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$11,184,668	TotalExcessDistributionCyovAmt
Qualifying Distributions	$27,916,131	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$27,916,131	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$2,090,917	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$2,090,917	ExcessDistributionCyovAppCYAmt
Total Corpus	$9,093,751	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$2,306,963	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$6,786,788	ExcessDistriCyovToNextYrAmt
Excess From Year4	$4,826,939	ExcessFromYear4Amt
Excess From Year1	$1,959,849	ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (149 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
247 BLAC
PO BOX 2031	WATERLOO	IA	50704	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
AAPI CIVIC ENGAGEMENT FUND
3435 WILSHIRE BOULEVARD SUITE 1400	LOS ANGELES	CA	90010	N/A	PC	AAPI COMMUNITY EMPOWERMENT PROJECT	$250,000
AFFILIATED TRIBES OF NORTHWEST INDIANS - ECONOMIC DEVELOPMENT CORP
9836 EAST BURNSIDE STREET	PORTLAND	OR	97216	N/A	PC	ATNIEDC CAPACITY BUILDING AND NORTHWEST NATIVE LENDING NETWORK	$25,000
AFRICAN AMERICAN LEADERSHIP FORUM
1625 HENNEPIN AVENUE SUITE 200	MINNEAPOLIS	MN	55402	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
AFRICAN CAREER EDUCATION & RESOURCES
6901 78TH AVENUE NORTH	MINNEAPOLIS	MN	55445	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
1821 UNIVERSITY AVENUE WEST SUITE	ST PAUL	MN	55104	N/A	PC	GENERAL OPERATING SUPPORT	$125,000	S-145
AKIPTAN
PO BOX 858 408 SOUTH MAIN STREET	EAGLE BUTTE	SD	57625	N/A	PC	GENERAL OPERATING SUPPORT	$125,000	SUITE E
AMOS INSTITUTE OF PUBLIC LIFE
3829 GRAND AVENUE	DES MOINES	IA	50312	N/A	PC	IOWA RURAL ORGANIZING STRATEGY	$100,000
APANO COMMUNITIES UNITED FUND
8188 SE DIVISION STREET	PORTLAND	OR	97206	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
ASIAN AMERICAN-PACIFIC ISLANDERS IN PHILANTHROPY
300 FRANK H OGAWA PLAZA SUITE 256	OAKLAND	CA	94612	N/A	PC	2024 MEMBERSHIP DUES	$2,500
ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC
55 EXCHANGE PLACE 4TH FLOOR	NEW YORK	NY	10005	N/A	PC	2024 MEMBERSHIP DUES	$5,000
ASSOCIATION OF COOPERATIVE EDUCATORS
121 WASHINGTON AVENUE NORTH	MINNEAPOLIS	MN	55401	N/A	PC	SPONSORSHIP	$3,000
AWOOD CENTER
1730 NEW BRIGHTON BOULEVARD SUITE	MINNEAPOLIS	MN	55413	N/A	PC	GENERAL OPERATING SUPPORT	$75,000	104 - 120
BLACK HILLS COMMUNITY LOAN FUND INC
1764 CENTRE STREET SUITE 1	RAPID CITY	SD	57703	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
BLACKFEET ECO KNOWLEDGE INC
23446 US-2 P O BOX 377	BROWNING	MT	59417	N/A	PC	BLACKFEET ECO KNOWLEDGE SHIELD KEEPER PROGRAM	$50,000
BOARDSOURCE
750 9TH STREET NW SUITE 650	WASHINGTON	DC	200014793	N/A	PC	2024 MEMBERSHIP DUES	$10,000
BUILD WEALTH MN INC
2100 PLYMOUTH AVENUE NORTH SUITE	MINNEAPOLIS	MN	55411	N/A	PC	GENERAL OPERATING SUPPORT	$200,000	104
BYRD BARR PLACE
722 18TH AVENUE	SEATTLE	WA	98122	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
CAPACES LEADERSHIP INSTITUTE
356 YOUNG STREET	WOODBURN	OR	97071	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
CHIEF SEATTLE CLUB
410 2ND AVENUE EXTENSION SOUTH	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT	$270,000
COALITION OF COMMUNITIES OF COLOR
221 NW 2ND AVENUE SUITE 303	PORTLAND	OR	97209	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
COMMON COUNSEL FOUNDATION
1624 FRANKLIN STREET SUITE 1022	OAKLAND	CA	94612	N/A	PC	SPONSORSHIP	$250,000
COMMUNITY LENDINGWORKS
212 MAIN STREET	SPRINGFIELD	OR	97477	N/A	SO I	GENERAL OPERATING SUPPORT	$125,000
COMUNIDADES ORGANIZANDO EL PODER Y LA ACCION LATINA COPAL EDUCATION
3702 EAST LAKE STREET	MINNEAPOLIS	MN	55406	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
CONSENSUS COUNCIL
125 SLATE DRIVE SUITE 6	BISMARCK	ND	585030500	N/A	PC	2024 EMPLOYEE DISCRETIONARY GRANT	$3,000
COUNCIL ON FOUNDATIONS INC
1255 23RD STREET NW SUITE 200	WASHINGTON	DC	20037	N/A	PC	2024 MEMBERSHIP DUES	$19,000
COUP COUNCIL
PO BOX 1966	RAPID CITY	SD	57709	N/A	PC	COUNTING COUP: COUP STANDS FOR COMMUNITY ORGANIZING FOR UNIFIED POWER	$75,000
CRAFT3
409 MAYNARD AVENUE SOUTH SUITE 200	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
CULTURAL WELLNESS CENTER
2025 PORTLAND AVENUE SOUTH	MINNEAPOLIS	MN	55404	N/A	PC	GENERAL OPERATING SUPPORT	$170,000
DAY EAGLE HOPE PROJECT
PO BOX 1152	HARLEM	MT	59526	N/A	PC	2024 EMPLOYEE DISCRETIONARY GRANT	$5,000
ESHARA
PO BOX 3968	ST PAUL	MN	55101	N/A	PC	ESHARA COLLABORATIVE CAPACITY BUILDING	$75,000
FAST BLACKFEET
PO BOX 2460	BROWNING	MT	59417	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
FOUNDATION FINANCIAL OFFICERS GROUP
19 MANTUA ROAD	MOUNT ROYAL	NJ	08061	N/A	PC	2024 VICE PRESIDENT DISCRETIONARY GRANT	$2,500
FUNDERS FOR LESBIAN AND GAY ISSUES
45 WEST 36TH STREET 8TH FLOOR	NEW YORK	NY	10018	N/A	PC	2024 MEMBERSHIP DUES	$10,000
GLOBAL TO LOCAL HEALTH INITIATIVE
2800 SOUTH 192ND STREET SUITE 104	SEATAC	WA	98188	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
GRANTMAKERS CONCERNED WITH IMMIGRANTS AND REFUGEES
PO BOX 1100	SEBASTOPOL	CA	95473	N/A	PC	2024 MEMBERSHIP DUES	$7,500
GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS
1310 L STREET NW SUITE 650	WASHINGTON	DC	20005	N/A	PC	2024 MEMBERSHIP DUES	$8,500
GRANTMAKERS OF OREGON AND S W WASHINGTON
921 SW WASHINGTON STREET SUITE 316	PORTLAND	OR	97205	N/A	PC	2024 MEMBERSHIP DUES	$3,620
HE SAPA OTIPI - INCORPORATED
2218 JACKSON BOULEVARD SUITE 8	RAPID CITY	SD	57702	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
HEADWATERS FOUNDATION FOR JUSTICE
2801 21ST AVENUE SOUTH SUITE 132-B	MINNEAPOLIS	MN	55407	N/A	PC	GRANTMAKING FOR INDIGENOUS, BLACK AND ECOSYSTEM-BUILDING SUPPORT	$500,000
HISPANICS IN PHILANTHROPY
414 13TH STREET SUITE 200	OAKLAND	CA	94612	N/A	PC	2024 MEMBERSHIP DUES	$5,000
HMONG AMERICAN PARTNERSHIP
1075 ARCADE STREET	ST PAUL	MN	55106	N/A	PC	SUPPORT FOR SOUTHEAST ASIAN AND IMMIGRANT/ REFUGEE-OWNED SMALL BUSINESSES IN THE TWIN CITIES	$250,000
HOPA MOUNTAIN INC
234 EAST BABCOCK STREET SUITE E	BOZEMAN	MT	59715	N/A	PC	STRENGTHENING THE CIRCLE: A NATIVE NONPROFIT LEADERSHIP PROGRAM	$50,000
IDAHO COALITION AGAINST SEXUAL AND DOMESTIC VIOLENCE INC
1402 WEST GROVE STREET	BOISE	ID	83702	N/A	PC	BLACK LIBERATION COLLECTIVE	$75,000
IMAGINE BLACK FUTURES
9450 SW GEMINI DRIVE PMB 26684	BEAVERTON	OR	97008	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
IMMIGRANT DEVELOPMENT CENTER
810 4TH AVENUE SOUTH SUITE 100	MOORHEAD	MN	56560	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
INDEPENDENT SECTOR
1602 L STREET NORTHWEST SUITE 900	WASHINGTON	DC	20036	N/A	PC	2024 MEMBERSHIP DUES	$12,500
INQUILINXS UNIDXS POR JUSTICIA-UNITED RENTERS FOR JUSTICE
3715 CHICAGO AVENUE	MINNEAPOLIS	MN	55407	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
INTERFAITH ACTION OF GREATER SAINT PAUL
1041 GRAND AVENUE 312	ST PAUL	MN	55105	N/A	PC	ECONOMIC MOBILITY HUB FOR AMERICAN INDIANS	$170,000
INTERIM COMMUNITY DEVELOPMENT ASSOCIATION
310 MAYNARD AVENUE SOUTH	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT	$50,000
IOWA CAREGIVERS
939 OFFICE PARK ROAD 332	WEST DES MOINES	IA	50265	N/A	PC	ADVANCING SYSTEM CHANGE POLICIES TO ELEVATE WAGES FOR DIRECT CARE WORKERS	$50,000
IOWA COALITION AGAINST DOMESTIC VIOLENCE
4725 MERLE HAY ROAD SUITE 107	DES MOINES	IA	50322	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
IOWA COUNCIL OF FOUNDATIONS
6919 VISTA DRIVE	WEST DES MOINES	IA	502669309	N/A	PC	2024 MEMBERSHIP DUES	$550
IOWA MIGRANT MOVEMENT FOR JUSTICE
2024 FOREST AVENUE	DES MOINES	IA	50311	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
LAKOTA FUND
PO BOX 340	KYLE	SD	57752	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
LAKOTA YOUTH DEVELOPMENT
30122 352ND AVENUE PO BOX 277	HERRICK	SD	575380277	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
LATINO COMMUNITY FUND OF WASHINGTON STATE
PO BOX 30669	SEATTLE	WA	98113	N/A	PC	FIRELANDS WORKERS UNITED / TRABAJADORES UNIDOS: BUILDING MULTIRACIAL WORKER POWER TOWARDS A JUST, GREEN, HEALTHY, ECONOMY IN RURAL SOUTHWEST WASHINGTON STATE	$60,000
LATINX IMMIGRANTS OF IOWA
800 EUCLID AVENUE	DES MOINES	IA	50313	N/A	PC	2024 EMPLOYEE DISCRETIONARY GRANT	$6,000
LAVENDER RIGHTS PROJECT
911 EAST PIKE STREET 314	SEATTLE	WA	98122	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
LEECH LAKE FINANCIAL SERVICES
PO BOX 848 113 SPRUCE AVENUE NORTH	CASS LAKE	MN	56633	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
LIFEWORKS SERVICES INC
6636 CEDAR AVENUE SOUTH	RICHFIELD	MN	55423	N/A	PC	2024 VICE PRESIDENTIAL DISCRETIONARY GRANT	$2,500
LIFEWORKS SERVICES INC
6636 CEDAR AVENUE SOUTH	RICHFIELD	MN	55423	N/A	PC	2024 VICE PRESIDENT GRANT	$1,000
LOCAL INITIATIVES SUPPORT CORPORATION
202 WEST SUPERIOR STREET SUITE 301	DULUTH	MN	55802	N/A	PC	ENHANCING AN ECOLOGICAL APPROACH TO BIPOC WEALTH, ENTREPRENEURSHIP, AND ECONOMIC SUSTAINABILITY IN DULUTH, MINNESOTA	$125,000
LOWER PHALEN CREEK PROJECT
332 MINNESOTA STREET SUITE W1520	ST PAUL	MN	55101	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
MAHCHIWMINAHNAHTIK CHIPPEWA AND CREE LANGUAGE REVITALIZATION
PO BOX 174	BOX ELDER	MT	59521	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
MAKOCE AGRICULTURE DEVELOPMENT
PO BOX 163	PORCUPINE	SD	57772	N/A	PC	SPONSORSHIP	$10,000
MAKOCE AGRICULTURE DEVELOPMENT
PO BOX 163	PORCUPINE	SD	57772	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
MAZASKA OWECASO OTIPI FINANCIAL INC
PO BOX 1996 108 OGLALA STREET	PINE RIDGE	SD	57770	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
METROPOLITAN CONSORTIUM OF COMMUNITY DEVELOPERS
3137 CHICAGO AVENUE	MINNEAPOLIS	MN	55407	N/A	PC	MCCD SUSTAINABILITY SUPPORT	$50,000
MICRO ENTERPRISE SERVICES OF OREGON
4008 NE MARTIN LUTHER KING JR BLVD	PORTLAND	OR	97212	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
MINNESOTA COUNCIL ON FOUNDATIONS
800 WASHINGTON AVENUE NORTH SUITE	MINNEAPOLIS	MN	554011167	N/A	PC	2024 MEMBERSHIP DUES	$22,250	703
MINNESOTA MUSEUM OF AMERICAN ART
350 ROBERT STREET NORTH	ST PAUL	MN	55101	N/A	PC	A RECOVERABLE GRANT IN SUPPORT OF M AND REOPENING OF EXPANDED FACILITY.	$100,000
MISSION INVESTORS EXCHANGE
2440 WEST EL CAMINO REAL SUITE 300	MOUNTAIN VIEW	CA	940401498	N/A	PC	2024 MEMBERSHIP DUES	$16,500
MN8
550 RICE STREET 2ND FLOOR	ST PAUL	MN	55103	N/A	PC	YOUTH CIVIC ENGAGEMENT	$50,000
MN8
550 RICE STREET 2ND FLOOR	ST PAUL	MN	55103	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
MNI SOTA FUND
1300 LAGOON AVENUE 4TH FLOOR	MINNEAPOLIS	MN	55408	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
MNI WICONI HEALTH CIRCLE
3904 LILLIAN COURT SE	MANDAN	ND	58554	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
MONTANA TWO SPIRIT SOCIETY
PO BOX 7514	MISSOULA	MT	59807	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
MOUNTAIN SHADOW ASSOCIATION
444 CIRCLE F TRAIL	BOZEMAN	MT	59718	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
MOUNTAIN-PLAINS YOUTH SERVICES COALITION
217 WEST ROSSER AVENUE	BISMARCK	ND	58504	N/A	PC	2024 EMPLOYEE DISCRETIONARY GRANT	$3,000
NACDC FINANCIAL SERVICES INC
PO BOX 3029	BROWNING	MT	59417	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY
1900 L STREET NW SUITE 825	WASHINGTON	DC	20036	N/A	PC	2024 MEMBERSHIP DUES	$7,500
NATIONAL INDIGENOUS WOMEN'S RESOURCE CENTER INC
12 BOWSTRINGS STREET	LAME DEER	MT	59043	N/A	PC	2024 BOARD DIRECTED GRANT	$1,000
NATIVE AMERICAN COMMUNITY BOARD
PO BOX 572	LAKE ANDES	SD	57356	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
NATIVE AMERICAN DEVELOPMENT CENTER
2403 EAST THAYER AVENUE	BISMARCK	ND	58501	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
NATIVE AMERICAN YOUTH AND FAMILY CENTER
5135 NE COLUMBIA BOULEVARD	PORTLAND	OR	97218	N/A	PC	GENERAL OPERATING SUPPORT	$700,000
NATIVE AMERICAN YOUTH AND FAMILY CENTER
5135 NE COLUMBIA BOULEVARD	PORTLAND	OR	97218	N/A	PC	2024 BOARD DIRECTED GRANT	$1,000
NATIVE AMERICANS IN PHILANTHROPY
1140 3RD STREET NE 2ND FLOOR	WASHINGTON	DC	20002	N/A	PC	SPONSORSHIP	$10,000
NATIVE AMERICANS IN PHILANTHROPY
1140 3RD STREET NE 2ND FLOOR	WASHINGTON	DC	20002	N/A	PC	2024 MEMBERSHIP DUES	$10,000
NATIVE CDFI NETWORK INC
122 C STREET NW	WASHINGTON DC	DC	20001	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
NATIVE360 LOAN FUND INC
2550 NORTH DIERS AVENUE SUITE K	GRAND ISLAND	NE	68803	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
NDN COLLECTIVE INC
408 KNOLLWOOD DRIVE	RAPID CITY	SD	57701	N/A	PC	GENERAL OPERATING SUPPORT	$50,000
NEIGHBORHOOD DEVELOPMENT CENTER INC
663 UNIVERSITY AVENUE WEST SUITE	ST PAUL	MN	55104	N/A	PC	GENERAL OPERATING SUPPORT	$100,000	200
NEIGHBORHOOD FUNDERS GROUP
436 14TH STREET SUITE 425	OAKLAND	CA	94610	N/A	PC	2024 MEMBERSHIP DUES	$13,000
NETWORK FOR DEVELOPING CONSCIOUS COMMUNITIES
28 46TH PLACE NE	WASHINGTON	DC	20019	N/A	PC	SPONSORSHIP	$5,000
NEXUS COMMUNITY PARTNERS
2314 UNIVERSITY AVENUE WEST SUITE	ST PAUL	MN	55114	N/A	PC	GENERAL OPERATING SUPPORT FOR CAPACITY BUILDING	$500,000	18
NIMIIPUU COMMUNITY DEVELOPMENT FUND
PO BOX 114 95 AGENCY ROAD	LAPWAI	ID	83540	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
NIMIIPUU ECOSYSTEMS RESTORATION
PO BOX 235 24240 SOUTH TOM BEALL	LAPWAI	ID	83540	N/A	PC	2024 EMPLOYEE DISCRETIONARY GRANT	$6,000	ROAD
NIMIIPUU PROTECTING THE ENVIRONMENT
1820 NW ARCADIA DRIVE	PULLMAN	WA	99163	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
NIXYAAWII COMMUNITY FINANCIAL SERVICES
46440 KUSI ROAD A-3	PENDLETON	OR	97801	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
NONPROFIT INFORMATION NETWORKING ASSOCIATION
88 BROAD STREET 1ST FLOOR SUITE 101	BOSTON	MA	02110	N/A	PC	NONPROFIT QUARTERLY ECONOMIC JUSTICE INITIATIVE	$75,000
NORTH AMERICAN TRADITIONAL INDIGENOUS FOOD SYSTEMS
920 EAST LAKE STREET 107	MINNEAPOLIS	MN	55407	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
1007 WEST BROADWAY AVENUE NORTH	MINNEAPOLIS	MN	55411	N/A	PC	NORTHSIDE ECONOMIC OPPORTUNITY NETWORK GENERAL OPERATIONS	$250,000
NWAF EMPLOYEE MATCHING GRANT PROGRAM
60 PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	N/A	PC	GENERAL OPERATING SUPPORT	$10,204
NWAF EMPLOYEE VOLUNTEER MATCHING PROGRAM
60 PLATO BOULEVARD EAST SUITE 400	ST PAUL	MN	55107	N/A	PC	GENERAL OPERATING SUPPORT	$1,750
OCETI SAKOWIN COMMUNITY ACADEMY
408 KNOLLWOOD DRIVE	RAPID CITY	SD	57701	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
OFFICE OF THE ASSISTANT SECRETARY - INDIAN AFFAIRS
INDIAN AFFAIRS US DEPARTMENT OF THE	WASHINGTON	DC	20240	N/A	GOV	FEDERAL INDIAN BOARDING SCHOOL INITIATIVE.	$500,000	INTERIOR 1849 C STREET NW MS-4660
OPPORTUNITY LINK
339 3RD STREET PO BOX 80	HAVRE	MT	59501	N/A	PC	MOBILIZING COMMUNITIES ASSETS FOR GROWTH AND CHANGE	$200,000
OREGON NATIVE AMERICAN CHAMBER
4445 SW BARBUR BOULEVARD SUITE 105	PORTLAND	OR	97239	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
OUR CHILDREN'S EARTH FOUNDATION
1625 TRANCAS STREET SUITE 2218	NAPA	CA	94558	N/A	PC	DOCUMENTARY FILM REGARDING THE EFFORT TO GAIN FREEDOM FOR LEONARD PELTIER	$100,000
OWEESTA CORPORATION
2432 MAIN STREET 1ST FLOOR	LONGMONT	CO	80501	N/A	PC	EMPOWERING NATIVE ECONOMIC GROWTH: GENERAL OPERATING SUPPORT FOR CDFI ADVANCEMENT	$400,000
PEAK GRANTMAKING INC
1701 PENNSYLVANIA AVENUE NW SUITE	WASHINGTON	DC	20006	N/A	PC	2024 MEMBERSHIP DUES	$2,250	200
PHILANTHROFUND FOUNDATION
PO BOX 3640	MINNEAPOLIS	MN	55403	N/A	PC	REVITALIZATION CAMPAIGN	$10,000
PHILANTHROPY NORTHWEST
600 UNIVERSITY STREET SUITE 1725	SEATTLE	WA	98101	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
PHILANTHROPY NORTHWEST
600 UNIVERSITY STREET SUITE 1725	SEATTLE	WA	98101	N/A	PC	2024 MEMBERSHIP DUES	$24,905
PLENTY DOORS COMMUNITY DEVELOPMENT CORPORATION
22 EAST MAKAWASHA AVENUE	CROW AGENCY	MT	59022	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
PUGET SOUND SAGE
414 MAYNARD AVENUE SOUTH	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
RUNNING STRONG FOR AMERICAN INDIAN YOUTH
8301 RICHMOND HIGHWAY STE 200	ALEXANDRIA	VA	22309	N/A	PC	SACRED WATER BUNDLE (MINIZIPAN WAKAN) INFRASTRUCTURE BUILDING FOR A TRIBAL TEMPLATE FOR CO-STEWARDSHIP ON THE MISSOURI RIVER	$125,000
RURAL ORGANIZING PROJECT
PO BOX 664	COTTAGE GROVE	OR	97424	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
SAGE FOUNDATION INC
PO BOX 298	FORT YATES	ND	58538	N/A	PC	GENERAL OPERATING SUPPORT	$300,000
SAMOA PACIFIC DEVELOPMENT CORPORATION
7820 NE HOLMAN STREET SUITE B-1	PORTLAND	OR	97218	N/A	PC	BUILDING A MOVEMENT FOR PACIFIC ISLANDER SELF DETERMINATION IN OREGON	$125,000
SEEDING JUSTICE
PO BOX 12489	PORTLAND	OR	97212	N/A	PC	SEEDING JUSTICE'S COMMUNITY-LED, COMMUNITY-DRIVEN GRANTMAKING: BY AND FOR THE MOVEMENT	$250,000
SHARING OUR ROOTS
4905 315TH STREET WEST	NORTHFIELD	MN	55057	N/A	PC	NURTURING THE LONG-VIEW OF LAND ACCESS & EMERGING FARMER SUPPORT	$50,000
SOCIAL JUSTICE FUND NORTHWEST
1904 3RD AVENUE SUITE 806	SEATTLE	WA	98101	N/A	PC	ABUNDANTLY RESOURCING BIPOC & GRASSROOTS ORGANIZING	$450,000
SOUTH DAKOTA VOICES FOR PEACE
PO BOX 600	SIOUX FALLS	SD	57101	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS
133 EAST DE LA GUERRA SUITE 306	SANTA BARBARA	CA	93101	N/A	PC	2024 MEMBERSHIP DUES	$2,500
TAALA FUND
PO BOX 702	TAHOLAH	WA	98587	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
THE DIRECTORS COUNCIL
PO BOX 264	DES MOINES	IA	50301	N/A	PC	GENERAL OPERATING SUPPORT	$500,000
THE INDIGENOUS ASSOCIATION
720 1ST AVENUE NORTH	FARGO	ND	58102	N/A	PC	GENERAL OPERATING SUPPORT	$50,000
THE PRAXIS PROJECT
PO BOX 7259	OAKLAND	CA	94601	N/A	PC	PEOPLE'S ECONOMY LAB	$138,000
THE SAINT PAUL AND MINNESOTA FOUNDATION
101 FIFTH STREET EAST SUITE 2400	ST PAUL	MN	55101	N/A	PC	COLLEGEBOUND SAINT PAUL: WEALTH JUSTICE	$100,000
THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION
290 EMPOWERMENT DRIVE	PORCUPINE	SD	57772	N/A	PC	GENERAL OPERATING SUPPORT	$500,000
TIDES FOUNDATION
PO BOX 889389	LOS ANGELES	CA	900889389	N/A	PC	TRANS JUSTICE FUNDING PROJECT- JUSTICE FOR TRANS COMMUNITIES IN THE NORTHWEST	$250,000
TRANSFORMATION PROJECT INC
401 EAST 8TH STREET	SIOUX FALLS	SD	57103	N/A	PC	THE INCLUSIVE CARE COLLABORATIVE: ADVANCING QUEER AFFIRMING HEALTH IN SOUTH DAKOTA	$50,000
UJAMAA PLACE
1821 UNIVERSITY AVENUE SUITE N187	ST PAUL	MN	55104	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
UNION GOSPEL MISSION ASSOCIATION OF ST PAUL
376 WESTERN AVENUE NORTH	ST PAUL	MN	55103	N/A	PC	2024 VICE PRESIDENT GRANT	$5,000
UNITE OREGON
1390 SE 122ND AVENUE	PORTLAND	OR	97233	N/A	PC	GENERAL OPERATING SUPPORT	$125,000
VENN FOUNDATION
1900 BOHLAND AVENUE	ST PAUL	MN	55116	N/A	PC	2024 VICE PRESIDENT DISCRETIONARY GRANT	$3,000
VENTURES
2100 24TH AVENUE SOUTH SUITE 380	SEATTLE	WA	98144	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
VERDE
4145 NE CULLY BOULEVARD	PORTLAND	OR	97218	N/A	PC	GENERAL OPERATING SUPPORT	$250,000
WARM SPRINGS COMMUNITY ACTION TEAM
PO BOX 1419	WARM SPRINGS	OR	97761	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
WE ARE HEALERS INC
5119 NE 27TH AVENUE	PORTLAND	OR	97211	N/A	PC	INSPIRATION THROUGH INDIGENOUS EXCELLENCE	$50,000
WESTERN NATIVE VOICE
80 25TH STREET WEST	BILLINGS	MT	59102	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
WHITE EARTH INVESTMENT INITIATIVE
407 MAIN STREET EAST PO BOX 38	OGEMA	MN	565690038	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
WHITESWAN ENVIRONMENTAL WE
2348 LUMMI VIEW DRIVE	BELLINGHAM	WA	98226	N/A	PC	GENERAL OPERATING SUPPORT	$75,000
WILLAMETTE VALLEY LAW PROJECT
300 YOUNG STREET	WOODBURN	OR	97071	N/A	PC	SYSTEMS CHANGE FOR FARMWORKERS	$125,000
WORKING PARTNERSHIPS INCORPORATED
312 CENTRAL AVENUE SE SUITE 524	MINNEAPOLIS	MN	55414	N/A	PC	WORKERS CONFLUENCE FUND FLEXIBLE PROGRAM SUPPORT	$450,000
YOUNG WOMENS CHRISTIAN ASSOCIATION
375 SELBY AVENUE	ST PAUL	MN	551021822	N/A	PC	2024 VICE PRESIDENT GRANT	$1,000
YWCA USA
1400 EYE STREET NW SUITE 325	WASHINGTON	DC	20005	N/A	PC	2024 VICE PRESIDENT DISCRETIONARY GRANT	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$18,241,029	TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (38 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt
AFRICAN AMERICAN LEADERSHIP FORUM
1625 HENNEPIN AVENUE SUITE 200	MINNEAPOLIS	MN	55402	N/A	PC	GENERAL OPERATING SUPPORT FOR THE BLACK AGENDA FOR CHANGE	$125,000
AFRICAN CAREER EDUCATION & RESOURCES
6901 78TH AVENUE NORTH	MINNEAPOLIS	MN	55445	N/A	PC	GENERAL OPERATING SUPPORT FOR ACER ADVANCING COMMUNITY-CENTERED ECONOMIC INCLUSION	$125,000
AFRICAN ECONOMIC DEVELOPMENT SOLUTIONS
1821 UNIVERSITY AVENUE WEST SUITE	SAINT PAUL	MN	55104	N/A	PC	GENERAL OPERATING SUPPORT FOR SUSTAINING AFRICAN IMMIGRANT-OWNED SMALL AND MINORITY-OWNED BUSINESSES	$125,000	S-145
BYRD BARR PLACE
722 18TH AVENUE	SEATTLE	WA	98122	N/A	PC	GENERAL OPERATING SUPPORT FOR BUILDING THE CAPACITY OF BYRD BARR PLACE	$250,000
CHIEF SEATTLE CLUB
410 2ND AVENUE EXTENSION SOUTH	SEATTLE	WA	98104	N/A	PC	INDIGENOUS MODEL OF TRADITIONAL WELLNESS FOR HOMELESS AMERICAN INDIANS/ALASKA NATIVES IN SEATTLE/KING COUNTY	$270,000
COALITION OF COMMUNITIES OF COLOR
221 NW 2ND AVENUE SUITE 303	PORTLAND	OR	97209	N/A	PC	PROPOSAL TITLE: GENERAL OPERATING GRANT - COALITION OF COMMUNITIES OF COLOR	$125,000
COMMUNITY LENDINGWORKS
212 MAIN STREET	SPRINGFIELD	OR	97477	N/A	SO I	GENERAL OPERATING SUPPORT FOR EQUITABLE SMALL BUSINESS LENDING IN OREGON	$125,000
COMUNIDADES ORGANIZANDO EL PODER Y LA ACCION LATINA COPAL EDUCATION
3702 EAST LAKE STREET	MINNEAPOLIS	MN	55406	N/A	PC	GENERAL OPERATING SUPPORT FOR INCREASING ACCESS TO OPPORTUNITIES FOR MINNESOTA LATINE WORKERS AND FAMILIES	$125,000
COUP COUNCIL
PO BOX 1966	RAPID CITY	SD	57709	N/A	PC	COUNTING COUP: COUP STANDS FOR COMMUNITY ORGANIZING FOR UNIFIED POWER	$75,000
CRAFT3
409 MAYNARD AVENUE SOUTH SUITE 200	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT FOR INCREASING EQUITABLE FINANCING FOR PACIFIC NORTHWEST INDIAN COUNTRY AND ENTREPRENEURS OF COLOR	$250,000
IMAGINE BLACK FUTURES
9450 SW GEMINI DRIVE PMB 26684	BEAVERTON	OR	97008	N/A	PC	GENERAL OPERATING SUPPORT FOR BUILDING A BETTER FUTURE FOR BLACK OREGONIANS	$125,000
IMMIGRANT DEVELOPMENT CENTER
810 4TH AVENUE SOUTH SUITE 100	MOORHEAD	MN	56560	N/A	PC	GENERAL OPERATING SUPPORT FOR EMPOWERING IMMIGRANT ENTREPRENEURS: SUSTAINING AND EXPANDING IDC'S INTEGRATED APPROACH TO ECONOMIC INCLUSION AND COMMUNITY PROSPERITY.	$125,000
INTERFAITH ACTION OF GREATER SAINT PAUL
1041 GRAND AVENUE 312	SAINT PAUL	MN	55105	N/A	PC	ECONOMIC MOBILITY HUB FOR AMERICAN INDIANS	$80,000
LEECH LAKE FINANCIAL SERVICES
PO BOX 848 113 SPRUCE AVENUE NORTH	CASS LAKE	MN	56633	N/A	PC	GENERAL OPERATING SUPPORT FOR LEECH LAKE FINANCIAL SERVICES, BUILDING CAPACITY TO MEET THE LEECH LAKE RESERVATION COMMUNITY DEMANDS FOR THE CREATION OF A HEALTHY ECONOMY	$125,000
LOCAL INITIATIVES SUPPORT CORPORATION
202 WEST SUPERIOR STREET SUITE 301	DULUTH	MN	55802	N/A	PC	ENHANCING AN ECOLOGICAL APPROACH TO BIPOC WEALTH, ENTREPRENEURSHIP, AND ECONOMIC SUSTAINABILITY IN DULUTH, MINNESOTA	$125,000
MNI WICONI HEALTH CIRCLE
3904 LILLIAN COURT SE	MANDAN	ND	58554	N/A	PC	GENERAL OPERATING SUPPORT FOR WICHAKIGNA NA WOKIGNA IGLUHA (BIRTH AND END-OF-LIFE SOVEREIGNTY): HEALING OUR COMMUNITIES BY UPLIFTING TRADITIONAL BIRTHING, POSTPARTUM, AND POST-LOSS CEREMONIES AND BEYOND	$100,000
NATIVE AMERICAN DEVELOPMENT CENTER
2403 EAST THAYER AVENUE	BISMARCK	ND	58501	N/A	PC	GENERAL OPERATING SUPPORT FOR NATIVE AMERICAN EQUITY PROJECT IN NORTH DAKOTA	$100,000
NATIVE360 LOAN FUND INC
2550 NORTH DIERS AVENUE SUITE K	GRAND ISLAND	NE	68803	N/A	PC	GENERAL OPERATING SUPPORT FOR GROWING NATIVE ECONOMIES IN A POST COVID-19 WORLD	$100,000
NEXUS COMMUNITY PARTNERS
2314 UNIVERSITY AVENUE WEST SUITE	SAINT PAUL	MN	55114	N/A	PC	GENERAL OPERATING SUPPORT FOR CAPACITY BUILDING	$200,000	18
NIMIIPUU COMMUNITY DEVELOPMENT FUND
PO BOX 114 95 AGENCY ROAD	LAPWAI	ID	83540	N/A	PC	GENERAL OPERATING SUPPORT FOR NIMIIPUU CDF NEW PROGRAM AND INFRASTRUCTURE DEVELOPMENT	$200,000
NIMIIPUU PROTECTING THE ENVIRONMENT
1820 NW ARCADIA DRIVE	PULLMAN	WA	99163	N/A	PC	GENERAL OPERATING SUPPORT FOR DEVELOPING LEADERS THROUGH CULTURE AND INCLUSION	$100,000
NIXYAWII COMMUNITY FINANCIAL SERVICES
46440 KUSI ROAD A-3	PENDLETON	OR	97801	N/A	PC	GENERAL OPERATING SUPPORT	$150,000
NONPROFIT INFORMATION NETWORKING ASSOCIATION
88 BROAD STREET 1ST FLOOR SUITE 101	BOSTON	MA	02110	N/A	PC	NONPROFIT QUARTERLY ECONOMIC JUSTICE INITIATIVE	$75,000
NORTHSIDE ECONOMIC OPPORTUNITY NETWORK
1007 WEST BROADWAY AVENUE NORTH	MINNEAPOLIS	MN	55411	N/A	PC	NORTHSIDE ECONOMIC OPPORTUNITY NETWORK GENERAL OPERATIONS	$250,000
OCETI SAKOWIN COMMUNITY ACADEMY
408 KNOLLWOOD DRIVE	RAPID CITY	SD	57701	N/A	PC	GENERAL OPERATING SUPPORT FOR CREATING INTEGRATIVE PATHWAYS FOR INDIGENOUS EDUCATION IN RAPID CITY	$125,000
OPPORTUNITY LINK
339 3RD STREET PO BOX 80	HAVRE	MT	59501	N/A	PC	MOBILIZING COMMUNITIES ASSETS FOR GROWTH AND CHANGE	$200,000
OREGON NATIVE AMERICAN CHAMBER
4445 SW BARBUR BOULEVARD SUITE 105	PORTLAND	OR	97239	N/A	PC	GENERAL OPERATING SUPPORT FOR TRANSFORMING ECONOMIES AND COMMUNITIES FOR NATIVE AMERICANS THROUGHOUT THE PACIFIC NORTHWEST	$125,000
OWEESTA CORPORATION
2432 MAIN STREET 1ST FLOOR	LONGMONT	CO	80501	N/A	PC	EMPOWERING NATIVE ECONOMIC GROWTH: GENERAL OPERATING SUPPORT FOR CDFI ADVANCEMENT	$100,000
PUGET SOUND SAGE
414 MAYNARD AVENUE SOUTH	SEATTLE	WA	98104	N/A	PC	GENERAL OPERATING SUPPORT FOR COMMUNITY STEWARDSHIP OF LAND IN SEATTLE'S CHINATOWN- INTERNATIONAL DISTRICT	$125,000
RURAL ORGANIZING PROJECT
PO BOX 664	COTTAGE GROVE	OR	97424	N/A	PC	GENERAL OPERATING SUPPORT	$100,000
SAGE FOUNDATION INC
PO BOX 298	FORT YATES	ND	58538	N/A	PC	GENERAL OPERATING SUPPORT	$200,000
SOCIAL JUSTICE FUND NORTHWEST
1904 3RD AVENUE SUITE 806	SEATTLE	WA	98101	N/A	PC	ABUNDANTLY RESOURCING BIPOC & GRASSROOTS ORGANIZING	$150,000
SOUTH DAKOTA VOICES FOR PEACE
PO BOX 600	SIOUX FALLS	SD	57101	N/A	PC	GENERAL SUPPORT FOR SOUTH DAKOTA VOICES FOR PEACE (SDVFP)	$75,000
THE DIRECTORS COUNCIL
PO BOX 264	DES MOINES	IA	50301	N/A	PC	GENERAL OPERATING SUPPORT FOR ONE ECONOMY 2.0 IN ACTION	$200,000
THUNDER VALLEY COMMUNITY DEVELOPMENT CORPORATION
290 EMPOWERMENT DRIVE	PORCUPINE	SD	57772	N/A	PC	GENERAL OPERATING SUPPORT FOR RESTORING BALANCE AND CARRYING FORWARD OUR RESPONSIBILITY AS STEWARDS OF THE HORIZON	$200,000
UJAMAA PLACE
1821 UNIVERSITY AVENUE SUITE N187	SAINT PAUL	MN	55104	N/A	PC	GENERAL OPERATING SUPPORT FOR UJAMAA PLACE THEORY OF TRANSFORMATION	$200,000
UNITE OREGON
1390 SE 122ND AVENUE	PORTLAND	OR	97233	N/A	PC	GENERAL OPERATING SUPPORT - BUILDING OUR FUTURE	$125,000
WHITE EARTH INVESTMENT INITIATIVE
407 MAIN STREET EAST PO BOX 38	OGEMA	MN	565690038	N/A	PC	GENERAL OPERATING SUPPORT FOR 2024-2026 WEII NATIVE CDFI LENDING AND RELATED SUPPORT	$100,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Apprv Fut	$5,475,000	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

Field	Value	IRS element (for citing)
Desc	PRI INTEREST	Desc
Related Or Exempt Function Incm	$16,472	RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$10,793,573	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$29,740,471	ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS INCOME	Desc
Exclusion	01	ExclusionCd
Exclusion	$31	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$40,534,075	ExclusionAmt
Related Or Exempt Function Incm	$16,472	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$40,550,547	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	1	LineNumberTxt
Relationship Statement	PROGRAM-RELATED INVESTMENTS CONSIST OF DEBT AND EQUITY POSITIONS IN ORGANIZATIONS THAT CONDUCT ACTIVITIES THAT FULFILL THE CHARITABLE PURPOSES OF THE FOUNDATION.	RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$107,743	Amt
Net Investment Income	$41,948	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$65,795	DisbursementsCharitablePrpsAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp (3 entries)

DescDesc	AmtAmt
NACDC FINANCIAL SERVICES, INC. - ACCESS TO FINANCING FOR MONTANA NATIVE AMERICANS FOR HOMEOWNERSHIP	$1,000,000
MCCD OPPORTUNITY FUND - ACCESS TO FINANCING FOR COMMUNITY DEVELOPMENT PROJECTS ACROSS MINNESOTA	$600,000
FOUR BANDS COMMUNITY FUND INC. - ACCESS TO FINANCING FOR NATIVE AMERICANS	$500,000

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

Field	Value	IRS element (for citing)
Asset	CAPITAL GAIN DIFFERENCE BETWEEN COLUMNS (A) AND (B)	AssetDesc
Acquired	2024-01	AcquiredDt
How Acquired	PURCHASED	HowAcquiredTxt
Sold	2024-12	SoldDt
Basis Method	COST	BasisMethodTxt
Sales Expense	$0	SalesExpenseAmt
Total Net	$10,487,462	TotalNetAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	FIDELITY INTERMEDIATE TREAS BOND INDEX	BondNm
EOY Book Value	$19,615,109	EOYBookValueAmt
EOYFMV	$19,615,109	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (374 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
#REORG/LOGILITY MERGER 04-04-2025	$89,859	$89,859
1ST SOURCE CORP COM	$116,760	$116,760
5TH 3RD BANCORP	$64,266	$64,266
ABBOTT LAB	$103,383	$103,383
ABBVIE INC COM USD0.01	$52,955	$52,955
ACACIA RESH CORP COM	$77,816	$77,816
ACADEMY SPORTS & OUTDOORS INC COM	$34,518	$34,518
ACCENTURE PLC CLS A	$194,540	$194,540
ADOBE INC	$139,630	$139,630
ADTRAN HLDGS INC FORMERLY ACORN COM	$103,292	$103,292
ADVANCED MICRO DEVICES INC	$118,616	$118,616
AERSALE CORP	$50,400	$50,400
AGILENT TECHNOLOGIES INC	$24,181	$24,181
AIR PROD & CHEM INC	$79,761	$79,761
ALEXANDERS INC COM REIT FUND	$100,030	$100,030
ALPHA METALLURGICAL RES INC COM	$80,048	$80,048
ALPHABET INC CL C	$499,524	$499,524
ALPHABET INC CL A	$757,579	$757,579
AMAZON COM INC	$1,138,634	$1,138,634
AMC NETWORKS INC CL A	$9,900	$9,900
AMC NETWORKS INC CL A	$109,395	$109,395
AMERICAN EXPRESS CO	$280,467	$280,467
AMERICAN TOWER CORP	$70,063	$70,063
AMGEN INC	$15,899	$15,899
ANDERSONS INC COM	$28,364	$28,364
AON PLC	$60,339	$60,339
APPLE INC	$2,301,109	$2,301,109
APPLIED MATERIALS INC COM	$200,685	$200,685
APTIV PLC	$29,151	$29,151
ARISTA NETWORKS INC COM NEW	$52,170	$52,170
ASPEN AEROGELS INC	$86,130	$86,130
ATKORE INC	$83,450	$83,450
ATLANTICUS HLDGS CORP COM	$5,578	$5,578
AUTODESK INC	$41,380	$41,380
AUTOMATIC DATA PROCESSING INC	$192,616	$192,616
AUTOZONE INC	$44,828	$44,828
AVALONBAY CMNTYS REIT	$302,459	$302,459
AVERY DENNISON CORP	$24,701	$24,701
BAKER HUGHES CO	$85,650	$85,650
BALL CORP	$76,465	$76,465
BANCFIRST CORP COM	$70,308	$70,308
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR SA	$81,811	$81,811
BANK NEW YORK MELLON CORP COM STK	$251,157	$251,157
BANK NT BUTTERFIELD COM BMD1(POST REV SPLIT)	$127,925	$127,925
BANK OF AMERICA CORP	$101,129	$101,129
BANNER CORP COM NEW	$20,031	$20,031
BAXTER INTL INC	$43,332	$43,332
BEAZER HOMES USA INC COM NEW	$10,984	$10,984
BERKSHIRE HATHAWAY INC CL B	$404,326	$404,326
BEST BUY INC	$30,202	$30,202
BEYOND INC	$21,199	$21,199
BIOGEN INC	$30,125	$30,125
BLACKROCK INC	$8,201	$8,201
BLEND LABS INC CL A CL A	$101,882	$101,882
BLUELINX HLDGS INC COM NEW	$112,376	$112,376
BOOKING HLDGS INC	$104,337	$104,337
BORG WARNER INC	$37,258	$37,258
BOSTON SCIENTIFIC CORP	$53,592	$53,592
BREAD FINANCIAL HOLDINGS INC COM	$79,378	$79,378
BRIGHTVIEW HLDGS INC COM	$147,908	$147,908
BRISTOL MYERS SQUIBB CO	$29,298	$29,298
BRISTOW GROUP INC DEL NEW COM	$77,175	$77,175
BROADCOM INC	$639,647	$639,647
BUCKLE INC COM	$132,106	$132,106
CADENCE DESIGN SYS INC	$75,415	$75,415
CALAVO GROWERS INC	$75,990	$75,990
CANTALOUPE INC	$95,480	$95,480
CARDINAL HLTH INC	$89,294	$89,294
CAREDX INC COM	$94,204	$94,204
CARMAX INC	$24,364	$24,364
CARRIER GLOBAL CORP	$35,837	$35,837
CATHAY GENERAL BANCORP INC COM	$123,786	$123,786
CBRE GROUP INC CL A	$123,281	$123,281
CDW CORP	$54,300	$54,300
CENCORA INC	$39,768	$39,768
CENT GARDEN & PET CO CL A	$29,745	$29,745
CENTENE CORP DEL COM	$41,558	$41,558
CERENCE INC COM	$101,108	$101,108
CHIPOTLE MEXICAN GRILL INC	$33,165	$33,165
CISCO SYSTEMS INC	$305,946	$305,946
CITIGROUP INC COM NEW	$51,596	$51,596
CME GROUP INC	$28,332	$28,332
CONDUENT INC COM	$94,940	$94,940
CONNECTONE BANCORP INC NEW COM	$9,164	$9,164
CONOCOPHILLIPS	$23,404	$23,404
CONS EDISON INC	$54,966	$54,966
CONSENSUS CLOUD SOLUTIONS INC COM	$83,510	$83,510
CONSTELLATION ENERGY CORPORATION COM NPV WI	$29,082	$29,082
COSTAMARE INC COM STK	$114,365	$114,365
CROWN CASTLE INC	$22,055	$22,055
CUSTOM TRUCK ONE SOURCE INC COM CL A	$97,643	$97,643
CVS HEALTH CORP	$61,724	$61,724
DANAHER CORP	$131,762	$131,762
DECKERS OUTDOOR CORP COM	$47,117	$47,117
DEERE & CO	$70,334	$70,334
DENNYS CORP COM	$48,763	$48,763
DIGITAL RLTY TR INC	$38,658	$38,658
DIGITAL TURBINE INC COM NEW	$92,950	$92,950
DOLLAR TREE INC	$16,037	$16,037
DOW INC COM	$95,228	$95,228
DREAM FINDERS HOMES INC COM CL A	$95,407	$95,407
DXP ENTERPRISES INC COM NEW STK	$8,262	$8,262
EATON CORP PLC	$236,291	$236,291
EBAY INC	$167,265	$167,265
ECOVYST INC COM	$66,315	$66,315
EL POLLO LOCO HLDGS INC COM	$100,167	$100,167
ELECTR ARTS	$119,673	$119,673
ELEVANCE HEALTH INC	$115,466	$115,466
ELI LILLY & CO	$326,556	$326,556
EMBECTA CORPORATION COM	$14,455	$14,455
EMERGENT BIOSOLUTIONS INC COM	$282,976	$282,976
ENACT HLDGS INC COM	$113,330	$113,330
ENNIS INC COM	$16,872	$16,872
ENTERPRISE FINL SVCS CORP COM STK	$124,080	$124,080
ESSEX PPTY TR REIT	$29,400	$29,400
ETHAN ALLEN INTERIORS INC COM	$19,677	$19,677
EVEREST GROUP LTD	$32,984	$32,984
EVERSOURCE ENERGY	$202,613	$202,613
EXXON MOBIL CORP	$22,375	$22,375
F&G ANNUITIES & LIFE INC COM	$8,288	$8,288
FARMLAND PARTNERS INC	$81,262	$81,262
FARO TECHNOLOGIES INC	$131,365	$131,365
FEDERAL AGRIC MTG CORP CL C	$59,085	$59,085
FERROGLOBE PLC COM NPV	$29,925	$29,925
FIDELITY NATL INFORMATION SVCS INC COM STK	$44,585	$44,585
FIRST BUSEY CORP COM NEW	$40,069	$40,069
FIRST FINL BANCORP OHIO COM	$120,960	$120,960
FIRST MERCHANTS CORP COM	$119,670	$119,670
FIRST SOLAR INC	$23,616	$23,616
FLEX LNG LTD	$71,114	$71,114
FORD MTR CO DEL	$17,840	$17,840
FORESTAR GROUP INC COM	$114,048	$114,048
FOX CORP CL A	$33,326	$33,326
FOX CORP CL B	$33,710	$33,710
FUT MAR 25 10 YR T-NOTES	$1,087,500	$1,087,500
FUT MAR 25 CBT 5Y T-NOTE	$637,828	$637,828
FUT MAR 25 CME EMINIRUS2K	$674,940	$674,940
FUT MAR 25 EMINI S&P 500	$5,638,963	$5,638,963
FUT MAR 25 ICUS MSCI EAF	$2,494,250	$2,494,250
FUT MAR 25 ICUS MSCI EMG	$1,127,490	$1,127,490
FUT MAR 25 ME S&P CAN 60	$206,522	$206,522
FUT MAR 25 U.S. T-BONDS	$569,219	$569,219
FUT MAR 25 US 2YR T-NOTE	$205,609	$205,609
GENESCO INC COM	$145,350	$145,350
GENWORTH FINL INC COMMON STOCK	$76,890	$76,890
GILEAD SCIENCES INC	$117,033	$117,033
GLOBAL INDL CO COM	$57,017	$57,017
GOLDEN OCEAN GROUP LTD COM (POST REV SPLIT)	$94,080	$94,080
GRAINGER W W INC	$18,973	$18,973
GRANITE RIDGE RES INC COM	$27,778	$27,778
GREEN BRICK PARTNERS INC COM	$45,192	$45,192
GREEN PLAINS INC COM STK	$68,256	$68,256
GREIF INC.	$116,128	$116,128
HARMONY BIOSCIENCES HLDGS INC COM	$61,938	$61,938
HASBRO INC	$95,271	$95,271
HEALTHPEAK OP LLC	$8,189	$8,189
HEARTLAND EXPRESS INC COM	$93,350	$93,350
HENRY SCHEIN INC	$21,452	$21,452
HEWLETT PACKARD ENTERPRISE CO	$110,807	$110,807
HIGHPEAK ENERGY INC COM	$124,950	$124,950
HILTON WORLDWIDE HLDGS INC	$121,108	$121,108
HOLOGIC INC	$19,608	$19,608
HOME DEPOT INC	$296,410	$296,410
HOVNANIAN ENTERPRISES INC	$26,764	$26,764
HP INC	$118,153	$118,153
HUMANA INC COM	$23,088	$23,088
HUNTINGTON BANCSHARES INC	$110,424	$110,424
IBEX HOLDINGS LIMITED COM	$8,596	$8,596
IDEXX LABS INC	$22,739	$22,739
INGERSOLL RAND INC	$192,137	$192,137
INGLES MKTS INC CL A	$115,992	$115,992
INNOVIVA INC COM	$107,570	$107,570
INTEL CORP	$50,686	$50,686
INTERNATIONAL BANCSHARES CORP COM	$113,688	$113,688
INTERNATIONAL BUSINESS MACHS CORP	$248,408	$248,408
INTERNATIONAL MONEY EXPRESS INC COM	$109,566	$109,566
INTERNATIONAL SEAWAYS INC	$39,534	$39,534
INTERPUBLIC GROUP COMPANIES INC	$30,234	$30,234
INTUIT	$32,054	$32,054
INTUITIVE SURGICAL INC	$113,787	$113,787
IRON MTN INC	$39,416	$39,416
JABIL INC COM	$8,490	$8,490
JACKSON FINANCIAL INC CL A COM	$104,496	$104,496
JOB DIG	$400,561	$400,561
JOHNSON & JOHNSON	$154,599	$154,599
JOHNSON CTLS INTL PLC	$71,668	$71,668
JPMORGAN CHASE & CO	$180,502	$180,502
KEYSIGHT TECHNOLOGIES INC	$142,639	$142,639
KINDER MORGAN INC	$299,866	$299,866
KLA CORPORATION	$29,616	$29,616
KOPPERS HLDGS INC COM	$12,960	$12,960
L3HARRIS TECHNOLOGIES INC	$126,168	$126,168
LADDER CAP CORP CL A	$15,666	$15,666
LAM RESH CORP	$82,342	$82,342
LEIDOS HLDGS INC	$44,803	$44,803
LENDINGCLUB CORP COM NEW	$108,797	$108,797
LESLIES INC COM	$70,089	$70,089
LIMONEIRA CO	$157,033	$157,033
LINDE PLC	$244,503	$244,503
LIQUIDITY SVCS INC COM STK	$92,834	$92,834
LOVESAC CO COM	$92,274	$92,274
LOWES COS INC	$94,771	$94,771
LTC PPTYS INC COM	$27,640	$27,640
LULULEMON ATHLETICA INC	$125,430	$125,430
MASTERCARD INC CL A	$372,285	$372,285
MATADOR RES	$166,530	$166,530
MC DONALDS CORP	$142,916	$142,916
MCKESSON CORP	$34,195	$34,195
MEDTRONIC PLC	$33,310	$33,310
MERCHANTS BANCORP IND COM	$120,351	$120,351
MERCK & CO INC	$202,740	$202,740
META PLATFORMS INC	$675,679	$675,679
METLIFE INC	$95,145	$95,145
METTLER-TOLEDO INTL INC	$4,895	$4,895
MFO BAILLIE GIFFORD ALPHA EQUITY FD CL 2	$31,965,007	$31,965,007
MFO FIDELITY SALEM STREET TRUST SPARTAN SMALL CAP INDEX FD	$8,621,579	$8,621,579
MFO FIDELITY 500 INDEX-INST PREM	$26,229,702	$26,229,702
MICRON TECH INC	$57,060	$57,060
MICROSOFT CORP	$2,182,949	$2,182,949
MOLSON COORS BEVERAGE CO	$6,936	$6,936
MONDELEZ INTL INC	$17,202	$17,202
MOODYS CORP	$128,283	$128,283
MOTOROLA SOLUTIONS INC	$77,192	$77,192
MOVADO GROUP INC COM	$70,848	$70,848
MSCI INC	$27,000	$27,000
NASDAQ INC	$290,763	$290,763
NATIONAL BEVERAGE CORP COM	$110,942	$110,942
NATIONAL CINEMEDIA INC COM NEW (POST REV SPLIT)	$116,864	$116,864
NELNET INC CL A	$117,491	$117,491
NET LEASE OFFICE PPTYS COM	$116,101	$116,101
NETFLIX INC	$284,331	$284,331
NEWMONT CORPORATION	$19,875	$19,875
NEWS CORP CL A	$32,112	$32,112
NEWS CORP CL B	$160,792	$160,792
NEXTERA ENERGY INC	$59,574	$59,574
NIKE INC CL B	$79,908	$79,908
NMI HOLDINGS INC COMMON STOCK	$121,308	$121,308
NORTHERN OIL & GAS INC COM NEW	$11,148	$11,148
NORTHROP GRUMMAN CORP	$22,995	$22,995
NPK INTERNATIONAL INC	$193,361	$193,361
NVIDIA CORP	$2,091,970	$2,091,970
O REILLY AUTOMOTIVE INC	$45,060	$45,060
OFG BANCORP COM	$25,392	$25,392
ONEOK INC	$4,819	$4,819
ORACLE CORP	$195,135	$195,135
OTIS WORLDWIDE CORP	$25,468	$25,468
OTTER TAIL CORP	$14,768	$14,768
PALO ALTO NETWORKS INC	$77,515	$77,515
PARAMOUNT GLOBAL OM	$7,489	$7,489
PATRIA INVESTMENTS LTD COM CL A	$8,141	$8,141
PAYPAL HLDGS INC	$165,238	$165,238
PBF ENERGY INC CL A	$55,755	$55,755
PC CONNECTION INC COM	$117,759	$117,759
PEABODY ENERGY CORP NEW	$117,264	$117,264
PEPSICO INC	$201,175	$201,175
PERDOCEO ED CORP COM	$63,528	$63,528
PFIZER INC	$169,712	$169,712
PHILIP MORRIS INTL	$185,219	$185,219
PHOTRONICS INC COM	$21,204	$21,204
PNC FINANCIAL SERVICES GROUP	$3,086	$3,086
PORCH GROUP INC	$152,471	$152,471
PRA GROUP INC	$68,728	$68,728
PRINCIPAL FINL GROUP INC	$242,990	$242,990
PROCTER & GAMBLE	$75,443	$75,443
PROGRESSIVE CORP	$52,954	$52,954
PROLOGIS INC	$80,649	$80,649
QCR HLDGS INC COM	$88,704	$88,704
QUALCOMM INC	$130,731	$130,731
QUANTERIX CORP	$68,670	$68,670
RALPH LAUREN CORP CL A	$8,084	$8,084
RANPAK HLDGS CORP CL A	$116,272	$116,272
RED ROBIN GOURMET BURGERS INC	$93,495	$93,495
REGENCY CTRS CORP	$72,747	$72,747
REGENERON PHARMACEUTICALS INC	$55,562	$55,562
REGIONS FINL CORP	$167,063	$167,063
REP BANCORP INC KY CDT-CL A COM STK	$13,974	$13,974
RILEY EXPLORATION PERMIAN INC COM	$44,688	$44,688
ROCKWELL AUTOMATION	$36,581	$36,581
ROOT INC CL A NEW	$83,479	$83,479
ROSS STORES INC	$90,611	$90,611
ROYAL CARIBBEAN GROUP	$39,217	$39,217
RTX CORPORATION	$106,810	$106,810
RUSH ENTERPRISES INC CL A	$120,538	$120,538
RUSH STREET INTERACTIVE INC COM	$139,258	$139,258
S&P GLOBAL INC	$401,412	$401,412
SAFE BULKERS INC COM STK	$47,838	$47,838
SALESFORCE INC	$197,923	$197,923
SANDRIDGE ENERGY INC	$76,115	$76,115
SAUL CTRS INC COM	$15,520	$15,520
SCHLUMBERGER LTD	$82,623	$82,623
SEAGATE TECHNOLOGY HOLDINGS PLC	$22,268	$22,268
SEER INC CL A	$33,911	$33,911
SEMPRA	$344,389	$344,389
SERVICENOW INC	$142,056	$142,056
SHENANDOAH TELECOMMUNICATIONS CO CDT-COM	$98,358	$98,358
SHOALS TECHNOLOGIES GROUP INC CL A	$117,402	$117,402
SHOE CARNIVAL INC COM	$66,160	$66,160
SIGA TECHNOLOGIES INC COM	$43,272	$43,272
SIMMONS 1ST NATL CORP CL A	$24,398	$24,398
SIMON PROPERTY GROUP INC	$262,448	$262,448
SM ENERGY CO COM	$112,404	$112,404
SMARTRENT INC CL A COM	$62,125	$62,125
SMITH & WESSON BRANDS INC	$20,210	$20,210
SONIC AUTOMOTIVE INC CL A	$88,690	$88,690
STARBUCKS CORP	$6,388	$6,388
STITCH FIX INC CL A	$66,977	$66,977
STONEX GROUP INC COM	$127,361	$127,361
SUPER MICRO COMPUTER INC COM NEW	$7,620	$7,620
SYLVAMO CORP COM	$39,510	$39,510
SYSCO CORP	$223,646	$223,646
TAKE-TWO INTERACTIVE SOFTWARE INC COM STK	$73,632	$73,632
TAPESTRY INC	$33,710	$33,710
TARGET CORP	$139,776	$139,776
TEEKAY TANKERS LTD (BM) COM CL A	$47,748	$47,748
TEGNA INC COM	$135,346	$135,346
TELOS CORP MD COM	$53,147	$53,147
TESLA INC COM	$606,568	$606,568
TEXAS INSTRUMENTS INC	$56,628	$56,628
THE CAMPBELLS COMPANY	$26,929	$26,929
THE CIGNA GROUP	$106,590	$106,590
THE COOPER COMPANIES, INC.	$30,888	$30,888
THE HARTFORD INSURANCE GROUP INC COM	$34,023	$34,023
THE REALREAL INC	$240,460	$240,460
THERMO FISHER SCIENTIFIC INC	$300,173	$300,173
TITAN INTL INC ILL COM	$19,012	$19,012
TJX COS INC	$66,204	$66,204
T-MOBILE US INC	$35,317	$35,317
TOWNSQUARE MEDIA INC CL A	$78,174	$78,174
TRANE TECHNOLOGIES PLC	$124,102	$124,102
TREACE MED CONCEPTS INC COM	$114,576	$114,576
TRIMAS CORP COM NEW COM NEW	$60,246	$60,246
TRIMBLE INC	$32,292	$32,292
TRIUMPH GROUP INC	$99,271	$99,271
TRUECAR INC	$107,737	$107,737
TRUIST FINL CORP	$32,709	$32,709
TURTLE BEACH CORP	$139,951	$139,951
UBER TECHNOLOGIES INC COM	$55,193	$55,193
UNION PAC CORP	$207,060	$207,060
UNITED NAT FOODS INC COM	$155,667	$155,667
UNITED PARCEL SVC INC CL B	$10,719	$10,719
UNITED RENTALS INC	$63,400	$63,400
UNITEDHEALTH GROUP INC	$338,926	$338,926
UNIVERSAL HEALTH RLTY INCOME TR SH BEN INT SH BEN INT	$18,605	$18,605
UNIVERSAL LOGISTICS HOLDINGS INC COM NPV	$68,910	$68,910
UNIVERSAL TECHNICAL INST INC COM	$102,840	$102,840
USANA HEALTH SCIENCES INC CDT-SHS	$10,767	$10,767
VANDA PHARMACEUTICALS INC COM	$53,504	$53,504
VENTAS INC REIT	$29,798	$29,798
VERALTO CORP	$20,777	$20,777
VERIZON COMMUNICATIONS	$115,731	$115,731
VERTEX PHARMACEUTICALS INC	$65,237	$65,237
VICTORY CAP HLDGS INC DEL CL A CL A	$58,914	$58,914
VISA INC CL A	$643,141	$643,141
VITAL ENERGY INC COM (POST REV SPLIT)	$43,288	$43,288
VITESSE ENERGY INC	$100,250	$100,250
WABTEC CORP COM	$143,330	$143,330
WALGREENS BOOTS ALLIANCE INC	$14,200	$14,200
WALMART INC	$186,211	$186,211
WALT DISNEY CO	$271,360	$271,360
WATERS CORP	$17,436	$17,436
WEIS MKT INC COM	$40,632	$40,632
WELLTOWER INC REIT	$58,100	$58,100
WESBANCO INC COM	$65,080	$65,080
WESTN DIGITAL CORP COM	$59,511	$59,511
WILLIAMS CO INC	$318,117	$318,117
WILLIS TOWERS WATSON PLC	$30,698	$30,698
WOLVERINE WORLD WIDE INC COM	$159,840	$159,840
WORTHINGTON ENTERPRISES INC	$84,231	$84,231
XPEL INC COM	$74,288	$74,288
XPERI INC COM	$128,375	$128,375
XYLEM INC	$40,955	$40,955
ZEBRA TECHNOLOGIES CORP CL A	$45,960	$45,960
ZIMVIE INC	$106,299	$106,299
ZOETIS INC CL A	$36,170	$36,170

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (53 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
ACHIEVE PARTNERS WORKFORCE FUND I, LP	FMV	$6,620,331	$6,620,331
ADAGE CAPITAL PARTNERS	FMV	$44,555,074	$44,555,074
ADAMS STREET 2007 DIRECT FUND, L.P.	FMV	$189,598	$189,598
ADAMS STREET 2009 DIRECT FUND, L.P.	FMV	$328,585	$328,585
ADAMS STREET 2003 NON-U.S. FUND, L.P.	FMV	$172,565	$172,565
ADAMS STREET 2003 U.S. FUND, L.P.	FMV	$76,976	$76,976
ADAMS STREET 2005 NON-U.S. FUND, L.P.	FMV	$11,769	$11,769
ADAMS STREET 2009 NON-U.S. EMERGING MARKETS FUND, L.P.	FMV	$691,515	$691,515
AG DLI II, L.P.	FMV	$2,271,933	$2,271,933
AG DLI III, L.P.	FMV	$2,355,988	$2,355,988
AG DLI IV, L.P.	FMV	$5,304,331	$5,304,331
CASTLELAKE IV L.P.	FMV	$5,166,446	$5,166,446
ALLIANCE FUND II, LP	FMV	$727,994	$727,994
BLACKROCK EUROPEAN HEDGE FUND LIMITED	FMV	$10,336,194	$10,336,194
BLACKROCK LONG TERM PRIVATE CAPITAL SCSP	FMV	$23,283,857	$23,283,857
BLACKROCK U.S. TREASURY INFLATION PROTECTED	FMV	$17,296,379	$17,296,379
BOW RIVER REAL ESTATE FUND III TE FEEDER, LP	FMV	$2,740,825	$2,740,825
CASTLELAKE AVIATION III STABLE YIELD, L.P.	FMV	$6,062,183	$6,062,183
CASTLELAKE V, L.P.	FMV	$6,649,459	$6,649,459
HARBOURVIEW ROYALTIES PARALLEL FUND I LP	FMV	$3,074,637	$3,074,637
CF AXIOM INTERNATIONAL SMALL CAP EQUITY FUND	FMV	$11,672,740	$11,672,740
CF GLOBAL EMERGING MARKETS DISCOVERY FUND	FMV	$25,275,631	$25,275,631
CF SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST	FMV	$27,858,175	$27,858,175
CLAYTON, DUBILIER & RICE FUND XII, LP	FMV	$2,112,747	$2,112,747
COMMONFUND CAPITAL NATURAL RESOURCES PARTNERS IX	FMV	$12,278,034	$12,278,034
COMMONFUND CAPITAL SECONDARY PARTNERS 2015, L.P.	FMV	$2,201,516	$2,201,516
COMMONFUND CAPITAL SECONDARY PARTNERS II, L.P.	FMV	$4,050,748	$4,050,748
CRSEF II FEEDER, S.C.SP.	FMV	$2,307,274	$2,307,274
DALFEN LAST MILE INDUSTRIAL FUND V, LP	FMV	$2,333,460	$2,333,460
GCM GROSVENOR ADVANCE FEEDER FUND II, L.P.	FMV	$1,099,562	$1,099,562
GCM GROSVENOR ADVANCE FEEDER FUND, L.P.	FMV	$6,576,821	$6,576,821
GQG PARTNERS GLOBAL EQUITY FUND LLC	FMV	$33,472,152	$33,472,152
GRANITE EQUITY LLC	FMV	$12,611,622	$12,611,622
HCAP PARTNERS IV, LP	FMV	$2,976,499	$2,976,499
HCAP PARTNERS V, LP	FMV	$5,166,871	$5,166,871
KAYNE CREDIT OPPORTUNITIES FUND (QP) LP	FMV	$444,530	$444,530
KALEIDOSCOPE FRACTAL FUND LP - CLASS A ONSHORE	FMV	$8,725,114	$8,725,114
KLCP OFFSHORE FUND III LP	FMV	$6,115,873	$6,115,873
L2 POINT OPPORTUNITIES I, LP	FMV	$2,002,409	$2,002,409
LES BORDES, LP	FMV	$2,897,946	$2,897,946
LOOMIS SAYLES NHIT CREDIT ASSET TRUST CLASS B 761	FMV	$21,344,048	$21,344,048
MARINER ATLANTIC MULTI-STRATEGY LTD CL T SER 1	FMV	$9,987,394	$9,987,394
MPOWERED CAPITAL ACCESS FUND I, L.P.	FMV	$2,244,552	$2,244,552
MRP VALUE OFFSHORE FUND I, LP	FMV	$3,774,183	$3,774,183
MULTI-ALTERNATIVE OPPORTUNITIES FUND (B) LP	FMV	$3,379,167	$3,379,167
ROUNDSHIELD 1 CO-INVEST 1 LP	FMV	$1,711,257	$1,711,257
RS FEEDER (USD) III, LP	FMV	$2,418,285	$2,418,285
RS FEEDER (USD) IV, LP	FMV	$5,237,758	$5,237,758
RS FEEDER FUND II LP	FMV	$2,915,034	$2,915,034
SECOND ALPHA PARTNERS IV, L.P.	FMV	$6,422,602	$6,422,602
SOUTH DAKOTA EQUITY PARTNERS	FMV	$2,517,760	$2,517,760
STONE ARCH CAPITAL III	FMV	$3,344,759	$3,344,759
ZETLAND SPECIAL SITUATIONS FEEDER FUND I, L.P.	FMV	$5,038,486	$5,038,486

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (4 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
LEASEHOLD IMPROVEMENTS	$1,581,752	$219,747	$1,362,005	$1,362,005
COMPUTER HARDWARE AND SOFTWARE	$255,164	$144,335	$110,829	$110,829
FURNITURE AND EQUIPMENT	$311,298	$95,800	$215,498	$215,498
WIP - FIXED ASSETS	$7,684	$0	$7,684	$7,684

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$128,623	LegalFeesAmt
Net Investment Income	$36,587	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$103,203	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (6 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
PROGRAM RELATED INVESTMENTS	$10,928,893	$9,375,656	$9,375,656
ACCRUED INVESTMENT INCOME	$67,084	$475,233	$475,233
SECURITIES SETTLEMENT RECEIVABLE	$46,988	$5,672,343	$5,672,343
OPERATING LEASE RIGHT OF USE ASSET, NET	$903,336	$825,475	$825,475
FEDERAL EXCISE TAX RECEIVABLE	$495,720
MINERAL RIGHTS	$40,156	$40,156	$40,156

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (12 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OTHER CONTRACTED SERVICES	$269,309	$38,564	$171,995
MARKETING & ADVERTISING SERVICES	$77,273	$0	$80,072
COMMUNICATIONS SERVICES	$18,278	$0	$19,992
POSTAGE/DELIVERY SERVICES	$1,119	$0	$1,098
REPAIRS & MAINTENANCE	$30,375	$0	$42,000
INSURANCE	$77,222	$0	$103,058
GENERAL SUPPLIES & MATERIALS	$15,787	$0	$4,999
SUBSCRIPTIONS & PUBLICATIONS	$10,367	$0	$10,887
TECHNOLOGY EQUIPMENT	$30,492	$0	$14,096
MEMBERSHIP DUES	$11,100	$0	$11,121
CREDIT LOSS EXPENSE	$201,250	$0	$0
OTHER EXPENSES - PARTNERSHIPS	$0	$5,110,674	$0

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
OTHER INCOME - PARTNERSHIPS	$0	$14,315,597	$0
PRI INTEREST	$16,472	$128,098	$16,472
MISCELLANEOUS INCOME	$31	$31	$31

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN ON INVESTMENTS	Desc
Amt	$10,939,974	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
FEDERAL EXCISE TAXES PAYABLE	$2,029,510	$2,389,386
OPERATING LEASE LIABILITY	$1,388,467	$1,275,500
SECURITIES SETTLEMENT PAYABLE	$20,649	$45,815

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
CONSULTING FEES	$560,135	$478,528	$50,043
INVESTMENT MANAGEMENT FEES	$4,747,356	$697,853	$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX	$1,214,579	$0	$0
UNRELATED BUSINESS INCOME TAX	$463,510	$0	$0
FOREIGN TAXES - PARTNERSHIPS	$0	$471,149	$0