2023-05-11T13:02:30-05:00 2022-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990PF 2022-01-01 411875950 THE OLSETH FOUNDATION OLSE 6122673287 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 CHERYL OLSETH PRESIDENT 6122673287 2023-05-09 1 CHERYL OLSETH 999009999 0 KATHERINE POPPEN P01696738 6123974000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 24554533 X X 46127 37125 439736 439381 -778248 6501799 0 -292385 476506 302328 0 302328 71760 0 71760 17000 0 17000 37353 6591 24103 14419 0 14419 187232 163650 23582 630092 170241 453192 916703 916703 1546795 170241 1369895 -1839180 306265 1200418 1111412 1111412 0 1317412 1324168 10616097 9476226 14463355 944489 2752216 2687278 8510176 4772556 4968320 21271180 19429822 24554533 0 0 X 0 0 0 0 21271180 19429822 21271180 19429822 21271180 19429822 21271180 -1839180 0 19432000 2178 19429822 PUBLICLY TRADED SECURITIES P 6311741 7280047 -968306 -968306 RBC FINANCIAL - CAPITAL GAIN DISTRIBUTION P 190058 190058 190058 -778248 4257 0 4257 0 4257 4000 0 0 0 4000 X 0 257 0 0 0 0 0 0 0 0 0 0 1 1 MN OR 1 0 0 0 0 1 HTTP://WWW.OLSETHFAMILYFOUNDATION.ORG/ KAREN SOLOMON 6128029751 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 KAREN L SOLOMON 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 TREASURER 20.00 100776 0 0 JON P OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 VICE-PRESIDENT/SECRETARY 20.00 100776 0 0 CHERYL A OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 PRESIDENT 20.00 100776 0 0 MARGARET CRONIN 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 ADMINISTRATIVE OFFICER 3.60 0 0 0 NONE 0 RBC CAPITAL MARKETS LLC PO BOX 1510 MINNEAPOLIS MN 55440 WEALTH MANAGEMENT AND ADVISORY SERVICES 163650 BRIDGEVIEW LEGAL ADVISORS 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 ADVISORY SERVICES 71760 0 SEE STATEMENT 10 91384 NONE 0 0 0 25677381 1161865 0 26839246 0 0 26839246 402589 26436657 1321833 1321833 4257 4257 1317576 0 1317576 0 1317576 1369895 0 1369895 1317576 0 0 30914 45656 11462 3395 1490 92917 1369895 0 0 0 1317576 52319 0 0 145236 0 0 0 0 0 0 30914 114322 45656 11462 3395 1490 52319 X AMERICAN CIVIL LIBERTIES FOUNDATION OF OREGON INC PO BOX 40585 PORTLAND OR 97240 PC OPERATING 5000 ADVOCATES FOR HUMAN RIGHTS 330 SECOND AVENUE SOUTH SUITE 800 MINNEAPOLIS MN 55401 PC OPERATING 42500 CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA 224 LAMM ST MANKATO MN 56001 PC OPERATING 10000 CLIMATE GENERATION A WILL STEGER LEGACY 2801 21ST AVENUE SUITE 110 MINNEAPOLIS MN 55407 PC OPERATING 10000 COMMITTEE AGAINST DOMESTIC ABUSE INC (CADA) PO BOX 466 MANKATO MN 56002 PC OPERATING 10000 COUNCIL OF CONTRIBUTORS INC 4009 93RD AVE N MINNEAPOLIS MN 55443 PC OPERATING 5000 EMERGENCY COMMUNITY HELP ORGANIZATION ECHO PO BOX 3212 1014 SOUTH FRONT STREET MANKATO MN 56002 PC OPERATING 5000 FEEDING OUR COMMUNITIES PARTNERS PO BOX 5275 MANKATO MN 56002 PC BACKPACK FOOD PROGRAM 10000 FEED THE MASS 2305 SE 50TH AVENUE SUITE 100 PORTLAND OR 97215 PC OPERATING 5000 FORT LEWIS COLLEGE FOUNDATION 1000 RIM DRIVE DURANGO CO 81301 PC OPERATING 5000 FREE GEEK 1731 SE 10TH AVE PORTLAND OR 97214 PC OPERATING 10000 FRIENDS OF THE HENNEPIN COUNTY LIBRARY 300 NICOLLET MALL SUITE N-290 MINNEAPOLIS MN 55401 PC OPERATING 25000 FRESH ENERGY 408 SAINT PETER STREET SUITE 220 ST PAUL MN 55102 PC OPERATING 10000 GIVING VOICE INITIATIVE 7801 EAST BUSH LAKE ROAD 120 BLOOMINGTON MN 55439 PC OPERATING 5000 GREATER MANKATO AREA UNITED WAY INC 127 S 2ND STREET SUITE 190 MANKATO MN 56001 PC OPERATING ($15,000); BOOKS FOR KIDS PROGRAM ($17,000) 32000 JUNGLE THEATER 2951 LYNDALE AVE S MINNEAPOLIS MN 55408 PC OPERATING 34000 KLAMATH-SISKIYOU WILDLANDS CENTER (KS WILD) PO BOX 102 ASHLAND OR 97520 PC OPERATING 5000 MANKATO AREA FOUNDATION 212 E WALNUT STREET MANKATO MN 56001 PC OPERATING ($17,000); LEVEL 2 CHARGER ($5,000) 22000 MEALS ON WHEELS PEOPLE INC 7710 SW 31ST AVENUE PORTLAND OR 97219 PC OPERATING 21000 MINNESOTA ENGAGEMENT ON SHELTER & HOUSING 740 EAST 17TH ST MINNEAPOLIS MN 55404 PC OPERATING 5000 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 309 WIGLEY ADMINISTRATION CENTER MANKATO MN 56001 PC STUDENT SCHOLARSHIPS ($5,000); AUTOMOTIVE TECHNOLOGY ($15,000); THEATRE ($2,000) 22000 MULTNOMAH ARTS CENTER ASSOCIATION 7688 SW CAPITOL HWY PORTLAND OR 97219 SO I ART PODS 5000 MANKATO YOUTH PLACE INC (MY PLACE) 709 S BROAD ST MANKATO MN 56001 PC GENERAL OPERATING 5000 NEIGHBORHOOD HOUSE INC 7780 SW CAPITOL HWY PORTLAND OR 97219 PC OPERATING 5000 OFF THE BLUE COUCH 3119 IRVING AVENUE NORTH MINNEAPOLIS MN 55411 PC OPERATING 10000 OPEN DOOR HEALTH CENTER 309 HOLLY LANE MANKATO MN 56001 PC OPERATING 5000 OREGON FOOD BANK INC 7900 NE 33RD DRIVE PORTLAND OR 97211 PC OPERATING 20000 OREGON PUBLIC BROADCASTING 7140 SW MACADAM AVENUE PORTLAND OR 97219 PC OPERATING 10000 OREGON NATURAL RESOURCES COUNCIL FUND (OREGON WILD) 5825 N GREELEY AVE PORTLAND OR 97217 PC OPERATING 35000 OREGON WILDLIFE FOUNDATION 901 SE OAK STREET SUITE 103 PORTLAND OR 97214 PC WILDLIFE FEASIBILITY STUDY 25000 PEAR 338 NW 6TH AVE PORTLAND OR 97209 PC OPERATING 10000 PEOPLE SERVING PEOPLE INC 614 3RD STREET S MINNEAPOLIS MN 55415 PC OPERATING 20000 PLANNED PARENTHOOD COLUMBIA WILLAMETTE 3727 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 PC OPERATING 15000 PLANNED PARENTHOOD NORTH CENTRAL STATES 671 VANDALIA ST ST PAUL MN 55114 PC OPERATING ($30,000); UPTOWN CLINIC ($20,000) 50000 PATH HOME (FORMERLY PHFS) 6220 SE 92ND AVE PORTLAND OR 97266 PC ADOPT-A-ROOM PROGRAM ($10,000); PREVENTION PROGRAM ($20,000) 30000 RECHARGE AMERICA INC 88 DOMINGA AVE FAIRFAX CA 94930 PC AMERICA/ MINNESOTA/ MANKATO 90000 RIVERLAND COMMUNITY COLLEGE FOUNDATION 1900 EIGHTH AVENUE NORTHWEST AUSTIN MN 55912 PC SCHOLARSHIPS ($5,000); THEATER ($2,000) 7000 FRIENDS OF SATURDAY ACADEMY 5000 N WILLAMETTE BLVD PORTLAND OR 97203 PC GENERAL OPERATING ($20,000), ASE PROGRAM ($10,000), STEAM INTERNSHIPS ($5,000) 35000 ST OLAF COLLEGE 1520 ST OLAF AVENUE NORTHFIELD MN 55057 PC SCHOLARSHIP FUND 60000 THE HISTORY THEATRE INC 30 E 10TH ST ST PAUL MN 55101 PC OPERATING 10000 THE LIBRARY FOUNDATION INC SERVING THE PEOPLE OF MULTNOMAH COUNTY 620 SW FIFTH AVENUE SUITE 1025 PORTLAND OR 97204 PC OPERATING 30000 THE NATURE CONSERVANCY 1101 W RIVER PARKWAY 200 MINNEAPOLIS MN 55415 PC NATURAL CLIMATE SOLUTIONS 10000 UNITED NEGRO COLLEGE FUND INC (UNCF) 1805 7TH STREET NW WASHINGTON DC 20001 PC OPERATING 3000 UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE MINNEAPOLIS MN 55455 PC RAPTOR CENTER FUND ($5,000); CENTER FOR FOREST ECOLOGY ($10,000), STUDENT HELP CENTER ($1,202.86), OLSETH SCHOLARSHIP FUND ($2,000) 18203 UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVENUE MADISON WI 53726 PC PREDATOR RESEARCH 5000 VINE FAITH IN ACTION 421 E HICKORY ST MANKATO MN 56001 PC OPERATING 5000 WORLD WILDLIFE FUND INC (WWF) 1250 24TH ST NW WASHINGTON DC 20037 PC OPERATING 100000 916703 0 14 46127 14 439736 18 -778248 0 -292385 0 -292385 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 17000 0 17000 NONE 0 SUMMARY OF DIRECT CHARITABLE ACTIVITY FORM 990-PF, PART IX-A, LINE 1 THE OLSETH FOUNDATION CONTINUED TO ENGAGE IN SEVERAL DIRECT CHARITABLE ACTIVITIES DURING THE YEAR 2022. LED BY BOARD MEMBER/OFFICER JON OLSETH, THE OLSETH FOUNDATION HAS BEEN ACTIVELY ENGAGED WITH THE WORK OF RECHARGE AMERICA (HTTPS://WWW.RECHARGE-MINNESOTA.ORG) SINCE ITS INCEPTION. THE MISSION OF RECHARGE AMERICA IS TO ACCELERATE THE ADOPTION OF ELECTRIC VEHICLES (EV) AND SUPPORT EXPANDED INFRASTRUCTURE DEVELOPMENT THROUGH THE UTILIZATION OF HIGH-IMPACT COMMUNITY ENGAGEMENT. IN 2018, MINNESOTA STATE UNIVERSITY HOSTED THE FIRST ANNUAL RECHARGE RIDE & DRIVE EVENT IN MANKATO, MINNESOTA, GATHERING SUPPORT FOR EV ADOPTION FROM A WIDE VARIETY OF COMMUNITY STAKEHOLDERS. RECHARGE MINNESOTA HAS CONTINUED TO BUILD MOMENTUM AND EXPAND EACH YEAR. IN 2022, RECHARGE MINNESOTA'S COMMUNITY ENGAGEMENT INCLUDED: RECHARGE MANKATO PLANNED AND DELIVERED THE FOURTH ANNUAL EVENT RECHARGE NORTHFIELD PLANNED AND DELIVERED THE SECOND ANNUAL EVENT RECHARGE ST. CLOUD LAUNCHED AND DELIVERED THE FIRST ANNUAL EVENT RECHARGE ALBERT LEA LAUNCHED AND INITIATED THE FIRST ANNUAL EVENT INITIATED CONVERSATIONS WITH HALLOCK, DULUTH, ROCHESTER, AND ELK RIVER $25,000 DONATIONS MADE TO LOCAL YOUTH PROGRAMS AND COMMUNITY FOUNDATIONS EACH EV EXPO FOSTERS EV ADOPTION AND AWARENESS. RECHARGE MINNESOTA SEEKS TO CAPTURE THE FULL "ELECTRIC ECOSYSTEM" BY CREATING A SPACE TO EXPLORE A VARIETY OF HAND SON EXPERIENCES THAT INCLUDES TEST DRIVING THE LATEST EV MODELS, INTERACTING WITH CHARGING OPTIONS, ELECTRIC BIKES, AND OTHER FORMS OF ELECTRIC MOBILITY, WHILE LEARNING FROM INDUSTRY EXPERTS AND LOCAL EV OWNERS ABOUT THE BENEFITS OF DRIVING ELECTRIC.ALSO IN 2022, RECHARGE MINNESOTA EXPANDED THE STATE-WIDE RECOGNITION PROGRAM, OBTAINED ADDITIONAL FOUNDATION SUPPORT FROM THE MCKNIGHT FOUNDATION, CAROLYN FOUNDATION, AND SCHMIDTKE FAMILY FOUNDATION, CONTINUED STRATEGIC PROGRAMMING PARTNERSHIPS (FRESH ENERGY; THE INITIATIVE FOUNDATION, THE MANKATO FOUNDATION, AND NORTHFIELD SHARES), AND SCHEDULED FUTURE EVENTS IN MINNESOTA, SOUTHERN ILLINOIS, AND MASSACHUSETTS. IN 2022, BOARD MEMBER/OFFICER CHERYL OLSETH EXPANDED THE FOUNDATION'S INVOLVEMENT IN SUPPORT OF INTERNATIONAL HUMAN RIGHTS. AS A REPRESENTATIVE OF THE ADVOCATES FOR HUMAN RIGHTS, SHE PROVIDED TWO ORAL STATEMENTS AT THE UNITED NATION'S SIXTY-SIXTH COMMISSION ON THE STATUS OF WOMEN. IN ADDITION, SHE HOSTED TWO LOCAL EVENTS TO PROMOTE THE PROGRAMS OF THE ADVOCATES FOR HUMAN RIGHTS, SPECIFICALLY FOCUSING ON EFFORTS TO DOCUMENT HUMAN RIGHTS ABUSES IN UKRAINE.THESE DIRECT CHARITABLE ACTIVITIES FURTHER THE EXEMPT PURPOSES OF THE OLSETH FOUNDATION. CHARITABLE MISSION OF THE OLSETH FOUNDATION FORM 990-PF THE CHARITABLE MISSION OF THE OLSETH FOUNDATION IS TO WORK TO IMPROVE OUR COMMUNITIES THROUGH SUPPORT OF THE ARTS, EDUCATION, THE ENVIRONMENT, AND THE UNDERSERVED. THE OLSETH FOUNDATION BOARD MEMBERS DEMONSTRATE THEIR COMMITMENT TO THE FOUR PILLARS OF THEIR MISSION THROUGH BOARD SERVICE AND COLLABORATION WITH OTHER CHARITABLE ORGANIZATIONS WHOSE CHARITABLE OBJECTIVES ARE SIMILAR IN FOCUS. BOARD MEMBERS OF THE OLSETH FOUNDATION SERVE AS BOARD MEMBERS OR ADVISORS OF WORLD WILDLIFE FUND (WWF), WWF NORTHERN GREAT PLAINS, PLANNED PARENTHOOD NORTH CENTRAL STATES, THE ADVOCATES FOR HUMAN RIGHTS, CLIMATE GENERATION, AND RECHARGE AMERICA. IN PARTNERSHIP WITH THEIR GRANTEES, THEY DEVELOP CONTENT ON ELECTRIC VEHICLE USE, FOOD INSECURITY, HUMAN RIGHTS, AND RACIAL INJUSTICE. THEY ARE LEADERS IN THE EFFORT TO EXPAND THE ADOPTION OF ELECTRIC VEHICLES IN THE COMMUNITY OF MANKATO, THROUGHOUT THE STATE OF MINNESOTA, AND NATIONALLY. IN 2022, THE OLSETH FOUNDATION CONTINUED TO STREAMLINE ITS CHARITABLE ACTIVITIES AROUND FIVE INITIATIVES THAT ALIGN DIRECTLY WITH ITS MISSION, INCLUDING: SPECIES CONSERVATION, CARBON REDUCTION AND CLEAN ENERGY, ENGENDERING DIGNITY, RESPECT AND EQUALITY, SECURING FOOD AND HOUSING, AND USING ART, CULTURE, LITERATURE, AND EXTRACURRICULAR EXPERIENCES TO BROADEN PERSPECTIVES.PLEASE VISIT WWW.OLSETHFAMILYFOUNDATION.ORG FOR MORE INFORMATION ABOUT THE INITIATIVES, CHARITABLE PARTNERSHIPS AND COLLABORATIONS OF THE OLSETH FOUNDATION. JP MORGAN STRATEGIC INCOME OPPS 750000 744638 SCHWAB HYBRID PREFERRED 201250 196000 TRUIST HYBRID PREFERRED 199500 191220 COMERICA HYBRID PREFERRED 201000 192980 FIDELITY FLOATING RATE HIGH INCOME 476046 464389 FIRST TRUST PREFERRED 167332 168000 SPDR INV. GRADE FLOATING RATE 151100 151950 SPDR BLACKSTONE SR. LOAN 205988 204500 DEER PARK TOTAL RETURN CREDIT 400000 373601 APPLE INC 315226 1689090 BERKSHIRE HATHAWAY INC DEL CL B 259556 617800 BROWN ADVISORY SUSTAINABLE GROWTH FUND INST CLASS 618256 1290561 QUALCOMM INC 148310 329820 STARBUCKS CORP 97407 173600 SURMODICS INC 344982 494467 TORO CO 256920 905600 TOUCHSTONE MID CAP FUND GROUP TR MID CAP FD Y 454181 745778 VANGUARD INDEX FUNDS VANGUARD MIDCAP ETF 145995 254763 VANGUARD INDEX FUNDS VANGUARD GROWTH ETF 276826 532775 VANGUARD INDEX FUNDS VANGUARD SMALLCAP ETF 272005 458850 VANGUARD SPECIALIZED FUNDS VANGUARD DIVIDEND APPRECIATION ETF 226309 455550 BANK OF MONTREAL 104484 181200 MEDTRONIC PLC COM 832347 854920 MFS SER TR X INTERNATIONAL DIVERSIFICATION FUND CL I 1440155 1811144 NVENT ELECTRIC PLC ORDINARY SHARES 41545 96175 PENTAIR PLC SHS 81957 112450 TOUCHSTONE STRATEGIC TR SNDS CAP EMRNG MKTS GRWTH CL Y 575000 536162 TOUCHSTONE STRATEGIC TR GLOBAL ESG EQUITY FUND CLASS Y 1109845 1041720 INVESCO NASDAQ NEXT GEN 100 ETF 247101 239100 PACER US SMALL CAP CASH COW ETF 748096 719000 PACER US CASH COW 100 ETF 650788 693750 ECOLAB 109620 109170 MICROSOFT 119315 119910 1317412 1324168 0 0 MFS TOTAL RETURN BOND FUND CL I AT COST 264905 234693 WELLS FARGO & CO AT COST 50040 49907 APPLE INC AT COST 99640 99199 LEUCADIA NATL CORP SR NT AT COST 47250 50000 AMERICAN EXPRESS CO AT COST 100979 97407 BANK OF NOVA SCOTIA AT COST 109252 107906 CITIGROUP INC AT COST 101463 98416 LAZARD GROUP LLC SR NT AT COST 99430 92456 DWS RREEF REAL ASSETS FUND INST AT COST 871917 1002246 FIRST EAGLE GLOBAL FUND CL I AT COST 1115010 1219198 THORNBURG INVT TR INVT INCOME BUILDER FD CL I AT COST 1337670 1419134 MFS SER TR XIII GLOBAL REAL ESTATE FD CL I AT COST 575000 497758 LEGAL FEES 71760 0 71760 COST BASIS ADJUSTMENT 2178 RBC MANAGEMENT FEES 163409 163409 0 RBC INVESTMENT FEES 241 241 0 EVENT EXPENSES 1384 0 1384 DUES & SUBSCRIPTIONS 2290 0 2290 OFFICE EXPENSES 660 0 660 OTHER GENERAL AND ADMIN EXPENSES 3473 0 3473 PROFESSIONAL FEES - WEB DESIGN 15775 0 15775 OR SECRETARY OF STATE FEE 50 0 50 FOREIGN TAX PAID 1257 6591 0 FEDERAL PAYMENTS 11993 0 0 PAYROLL TAXES 24053 0 24053