2023-11-15T15:30:57-06:00 2022-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990PF 2022-01-01 266574983 Offutt Family Foundation OFFU 7012376062 225 Broadway N Fargo ND 58102 Ronald D Offutt Trustee 7012376062 2023-11-15 1 Ronald Offutt 999009999 1 Deb Nelson CPA P01264758 6122536500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X 208742679 X 58007500 381294 381294 2005268 2005268 -5545633 84393008 0 31257 -14085 54879686 2372477 0 0 0 297000 0 297000 2750 0 2750 239092 109947 129145 3923 0 3923 6663 0 6663 206607 193280 6216 756035 303227 445697 1333542 1333542 2089577 303227 1779239 52790109 2069250 119820290 73289209 73289209 13084619 99744723 99744724 8543851 34660238 35708746 141448760 207694170 208742679 0 850000 0 850000 X 0 0 0 0 141448760 206844170 141448760 206844170 141448760 207694170 141448760 52790109 12605301 206844170 0 206844170 Publicly Traded Securities 84247053 89881347 -5634294 -5634294 LT Capital Gains from Passthrough Entities P 145955 145955 145955 ST Capital Gains from Passthrough Entities P 57294 -57294 -57294 -5545633 28763 0 28763 0 28763 7407 0 75000 0 82407 X 900 52744 52744 0 0 0 0 0 0 0 0 0 0 0 1 1 ND 1 0 0 0 0 1 N/A Thomas K Espel 7015269644 225 Broadway N Fargo ND 58102 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 Ronald D Offutt 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Karen Offutt 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Shelly Neal 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Rondi McGovern 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Allan F Knoll 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Christi Offutt 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Ryan Offutt 225 Broadway N Fargo ND 58102 Trustee 0.10 0 0 0 Thomas K Espel 225 Broadway N Fargo ND 58102 Administrator 0.10 0 0 0 Jean Zimmerman 225 Broadway N Fargo ND 58102 Executive Director 40.00 297000 0 0 0 Verus 800 Fifth Avenue Suite 3900 Seattle WA 98104 Investment manager 109947 0 0 78351160 49025272 28497805 155874237 0 0 155874237 2338114 153536123 7676806 7676806 28763 28763 7648043 0 7648043 0 7648043 1779239 0 1779239 7648043 0 0 1209634 453081 690067 2352782 1779239 0 0 0 1779239 0 2352782 2352782 0 0 0 0 0 3516022 0 0 0 Ronald D Offutt Karen Offutt X Cobber Wrestling 901 8th St S Moorhead MN 56562 PC golf sponsor 1000 Moorhead Wrestling 3845 11th Ave S Moorhead MN 56560 PC sponsor 1000 SD FFA Foundation Inc 39393 133rd St Bath SD 57427 PC general fund 1375 Dakota Medical Foundation 4141 28th Ave S Fargo ND 58104 PC Zezula sponsorship 5000 Memory Cafe of the Red River Valley 1122 1st Ave N Fargo ND 58102 PC general fund 12500 Emerging Prairie 122 1/2 N Broadway Fargo ND 58102 PC entrepreneurship 25000 NORTH DAKOTA STATE UNIVERSITY FOUNDATION 1241 University Dr N PO Box 5144 Fargo ND 58105 PC NICE ideas 35000 TNT Kid's Fitness & Gymnastics 2800 Main Ave Fargo ND 58103 PC pledge 66667 Theodore Roosevelt Presidential Library Foundation 1611 East Century Ave Bismarck ND 58503 PC building pledge 250000 Sanford Foundation P O Box 2010 Fargo ND 581220302 PC Heart center 300000 Fix It Forward Ministry Inc 2620 2nd Ave N Moorhead MN 56560 PC general fund 5000 CASSELTON FIRE DEPARTMENT 121 N LANGER AVE CASSELTON ND 58012 PC gold sponsor 5000 FISHER HOUSE FOUNDATION 12300 Twinbrook Parkway Suite 410 Rockville MD 20852 PC ND house 25000 NORTHWEST MN SYNOD 901 8th St S Moorhead MN 56562 PC general fund 50000 GFWC NEVIS WOMENS CLUB 20769 Flying Eagle Drive Nevis MN 56467 PC empowering women to lead 2000 JOSEPH WENDLER MEMORIAL 22 E Poplar Street Suite 206 Walla Walla WA 99362 PC general fund 30000 ABERDEEN AREA VETERANS PO BOX 2141 ABERDEEN SD 57402 NC general fund 15000 AMERICAN HEROES OUTDOORS 406 WESTERN AVE S PARK RAPIDS MN 56470 NC general fund 15000 AMERICAN LEGION POST 366 PO BOX 343 BERTHA MN 56437 NC general fund 15000 RATEN-SUNDFLOT 159 CENTRAL AVE S BROOTEN MN 56316 NC general fund 15000 CENTRAL VALLEY VETERANS 1134 RIORDAN AVE CLOVIS CA 93613 NC general fund 10000 COLUMBIA BASIN VETERANS 1020 S 7TH AVE PASCO WA 99301 NC general fund 15000 AMVET 1001 1ST AVE S FARGO ND 58103 NC general fund 5000 FLATHEAD MARINES INC PO BOX 2624 KALLISPELL MT 59903 NC general fund 10000 MADATORY FUN OUTDOORS PO BOX 646 PARK RAPIDS MN 56470 NC general fund 5000 MONGEAU THOLEN VFW Q PO BOX 121 MARSHALL MN 56258 NC general fund 5000 EARLY STAGE MONTANA PO BOX 4781 BOZEMAN MT 59718 NC general fund 15000 SARGENT COLTON LEVI DERR FOUNDATION 518 6TH ST STE 2 RAPID CITY SD 57703 NC general fund 10000 STAPLES ALL VETERANS & COMMU 425 4TH STREET N STAPLES MN 56479 NC general fund 5000 VETERANS NAVIGATION NETWORK 2173 OVERLAND AVE BILLINGS MT 59103 NC general fund 15000 VETERAN OVERLAND 515 NW SALTZMAN RD 815 PORTLAND OR 97229 NC general fund 10000 VFW OF THE UNITED STATE DEPT 615 NORTH AVE SUNNYSIDE WA 98944 NC general fund 15000 VICTOR B WALLIN POST 12 PO BOX 441 WASHBURN ND 58577 NC general fund 10000 Legacy Children's Foundation 3425 1st St N Fargo ND 58102 PC summer literacy program 45000 Moorhead Wrestling 3845 11th Ave S Moorhead MN 56560 PC sponsor 1000 FARGO ELIM CARE CENTER 3540 Univ Dr S FARGO ND 58104 PC general fund 125000 CONCORDIA FOOTBALL 901 South 8th Street Moorhead MN 56562 PC sponsor 5500 MAYO FOUNDATION 200 1st St SW Rochester MN 55905 PC research 100000 FM AREA FOUNDATION 409 7TH ST S FARGO ND 58103 PC memory caf match 12500 AO1 FOUNDATION 75 N MAIN ST ZIONSVILLE IN 46077 PC general fund 1000 EMERGENCY FOOD PANTRY 1101 4 AVE N FARGO ND 58102 PC general fund 1000 F5 PROJECT 1122 1ST AVE N FARGO ND 58102 PC general fund 1000 LANDON'S LIGHT FOUNDATION 3941 4TH STREET EAST WEST FARGO ND 58078 PC general fund 1000 SHAREHOUSE 4227 9TH AVE S FARGO ND 58103 PC general fund 1000 THE ALS ASSOCIATION MNNDSD CHARTER 1919 UNIVERSITY AVENUE WEST SUITE 175 ST PAUL MN 55104 PC general fund 1000 TROLLWOOD PERFORMING ARTS SCHOOL 801 50TH AVE S Moorhead MN 56560 PC general fund 1000 DOWN HOME 2102 12TH STREET NORTH FARGO ND 58102 PC general fund 1000 4-H FOUNDATION OF NORTH DAKOTA 1400 CENTENNIAL BLVD FARGO ND 58102 PC general fund 1000 CCRI INC 2903 15th St S Moorhead MN 56560 PC general fund 1000 NEW LIFE CENTER 1902 3RD AVE N FARGO ND 58102 PC general fund 1000 FARM RESCUE 11202 38TH ST S HORACE ND 58047 PC general fund 1000 FROST FIRE PARKPEMBINA GORGE FOUNDATION 11950 COUNTY ROAD 55 WALHALLA ND 58282 PC general fund 1000 GIGI'S PLAYHOUSE FARGO DOWN SYNDROME ACHIEVEMENT CENTER 3224 20TH ST S FARGO ND 58104 PC general fund 1000 SAINT ANN'S INDIAN MISSION 1115 LOUIS RIEL DRIVE BELCOURT ND 58316 PC general fund 1000 AMERICAN CANCER SOCIETY - NDMN PO BOX 7519 FARGO ND 58106 PC general fund 5000 SALVATION ARMY FARGO-MOORHEAD 304 Roberts St Fargo ND 58102 PC general fund 5000 ABUSED ADULT RESOURCE CENTER 218 W Broadway Bismarck ND 58501 PC general fund 5000 Amber Boulton South Dakota State Un Box 511A Brookings SD 57007 None I Scholarship 2500 Brady Gratton NDSCS Wahpeton 800 6th Street N Wahpeton ND 58076 None I Scholarship 2500 Carter Schmitz NDSU PO Box 6050 Fargo ND 58108 None I Scholarship 2500 Ethan Wachlin Alexandria Tech 1601 Jefferson Street Alexandria MN 56308 None I Scholarship 2500 1333542 0 14 381294 14 2005268 18 -5545633 01 19459 Nondividend Distributions 14 18650 Other income from passthorugh entities 14 -14085 Unrelated Business Income from Passthrough Entities 525990 122 122 -3135047 0 -3134925 0 0 0 0 0 0 0 0 0 0 X X 1 Ronald D Offutt PO Box 7160 Fargo ND 581067160 58000000 X 2 Bell Bank 3100 13th Ave S Fargo ND 58103 7500 X Tax Preparation Fees 2750 0 2750 Aberdeen Area Veterans PO Box 2141 Aberdeen SD 57402 2022-06-08 15000 Grave markers, sponsor gatherings 15000 None 06/23/22 2022-12-16 American Heroes Outdoors 406 Western Ave S Park Rapids MN 56470 2022-06-08 15000 Patriot house project fish houses 15000 None 07/06/22 2023-01-02 American Legion Post 366 PO Box 343 Bertha MN 56437 2022-06-08 15000 Community outreach and education programs 15000 None 07/12/22 2022-07-12 Raten-Sundflot Post 288 159 Central Ave S Brooten MN 56316 2022-06-08 15000 Replace Veteran Memorial monument 15000 None 06/22/22 2022-07-28 Central Valley Veterans 1134 Riordan Ave Clovis CA 93613 2022-06-08 10000 Adding services at new warehouse 10000 None 06/22/22 2022-12-22 Columbia Basin Veterans 1020 S 7th Ave Pasco WA 99301 2022-06-08 15000 Veterans Family Crisis Support Program 15000 None 07/7/22 2022-07-07 AMVET Post #7 1001 1st Ave S Fargo ND 58103 2022-06-08 5000 Rebuild accessibility 5000 None 06/17/22 2022-06-17 Flathead Marines Inc PO Box 2624 Kallispell MT 59903 2022-06-08 10000 Assistance program 10000 None 07/08/22 2022-12-18 Madatory Fun Outdoors PO Box 646 Park Rapids MN 56470 2022-06-08 5000 Veteran community garden 5000 None 06/21/22 2022-12-13 Mongeau Tholen VFW Q PO Box 121 Marshall MN 56258 2022-06-08 5000 Portable flag burning pit 5000 None 07/20/22 2022-12-12 Early Stage Montana PO Box 4781 Bozeman MT 59718 2022-06-08 15000 Veteran owned startup programs 15000 None 07/12/22 2022-12-12 Sargent Colton Levi Derr Foundation 518 6th St Ste 2 Rapid City SD 57703 2022-06-08 10000 Expand programs and staff 10000 None 06/22/22 2022-12-16 Staples All Veterans & Commu 425 4th Street N Staples MN 56479 2022-06-08 5000 Purchase engraved pavers for park 5000 None 07/14/22 2022-11-30 Veterans Navigation Network 2173 Overland Ave Billings MT 59103 2022-06-08 15000 Life resource programs 15000 None 07/21/22 2022-11-28 Veteran Overland 515 NW Saltzman Rd 815 Portland OR 97229 2022-06-08 10000 Vet Connect program 10000 None 06/24/22 2022-12-20 VFW of The United State Dept 615 North Ave Sunnyside WA 98944 2022-06-08 15000 Remodel front to attract more customers 15000 None 07/1/22 2022-07-01 Victor B Wallin Post 12 PO Box 441 Washburn ND 58577 2022-06-08 10000 Develop Veterans Memorial Community Park 10000 None 07/8/22 2022-12-17 ABBVIE INC SHS 19393 19393 ACCENTURE PLC SHS 20547 20547 AMER EXPRESS COMPANY 15071 15071 APPLE INC 33652 33652 BAXTER INTERNTL INC 15189 15189 BROADCOM INC 22365 22365 CHEVRON CORP 19385 19385 CHUBB LTD 15221 15221 CISCO SYSTEMS INC 13387 13387 COMCAST CORP NEW CL A 12484 12484 DOLLAR GENERAL CORP 10835 10835 EATON CORP PLC 15224 15224 ELEVANCE HEALTH INC 16415 16415 FIDELITY NATL INFO SVCS 10720 10720 HONEYWELL INTL INC DEL 16073 16073 INTL FLAVORS&FRAGRNC 10484 10484 JPMORGAN CHASE & CO 19713 19713 LINDE PLC REG SHS 20549 20549 LOWE'S COMPANIES INC 17334 17334 MARSH & MCLENNAN COS INC 16052 16052 MASTERCARD INC 17387 17387 MCDONALDS CORP 10805 10805 MICROSOFT CORP 36692 36692 MONDELEZ INTERNATIONAL 13397 13397 MOTOROLA SOLUTIONS INC 21905 21905 NEXTERA ENERGY INC SHS 20148 20148 NORTHROP GRUMMAN CORP 10912 10912 PACKAGING CORP AMERICA 8186 8186 PEPSICO INC 14633 14633 ABBOTT LABS 12187 12187 WELLTOWER INC 28973 28973 VENTAS INC 17930 17930 URBAN EDGE PROPERTIES 8440 8440 FIBROGEN INC 62190 62190 LAMB WESTON HOLDINGS INC 2949 2949 AGREE RLTY CORP 12838 12838 ALEXANDRIA REAL EST EQTS 18937 18937 BOSTON PPTYS INC 13111 13111 CENTERSPACE 4518 4518 CTO REALTY GROWTH INC 2047 2047 EPR PPTYS 7997 7997 EQUINIX INC 34717 34717 EQUITY RESIDENTIAL 24072 24072 PHILIP MORRIS INTL 13562 13562 GAMING AND LEISURE 19377 19377 INVITATION HOMES INC 16569 16569 KITE REALTY GROUP TR SHS 24460 24460 LIFE STORAGE INC 16154 16154 MEDICAL PPTYS TR INC 9937 9937 NETSTREIT CORP 9843 9843 POSTAL REALTY TR INC REG 1482 1482 PROLOGIS INC 61438 61438 PUBLIC STORAGE 27739 27739 REALTY INCM CRP MD 21122 21122 REXFORD INDL RLTY INC 18414 18414 SBA COMMUNICATIONS CORP 8970 8970 SIMON PROPERTY GROUP DEL 22674 22674 SUN COMMNTYS INC 27742 27742 UDR INC 21650 21650 HOST HOTELS & RESORTS 17639 17639 PHILLIPS 66 SHS 13322 13322 PROLOGIS INC 18375 18375 SCHWAB CHARLES CORP NEW 22563 22563 SCHWAB CHARLES CORP NEW 13155 13155 SHERWIN WILLIAM 14477 14477 TEXAS INSTRUMENTS 16357 16357 TJX. COS INC NEW 20218 20218 UNITEDHEALTH GROUP INC 18556 18556 WORKDAY INC CL A 26271 26271 AMER FUNDS AMERICAN 439107 439107 AMER FUNDS NEW 524839 524839 ARTISAN INTERNATIONAL 543712 543712 BLACKROCK GLOBAL 407651 407651 COLUMBIA SELIGMAN TECH 298699 298699 DOUBLELINE SHILLER 251578 251578 DOUBLELINE TOTAL RETURN 403862 403862 EATON VANCE FLOATING 340737 340737 RIVIAN AUTOMOTIVE 2138 2138 INVESCO S&P 500 EQUAL 204671 204671 PIMCO COMMODITIESPLUS 139394 139394 PIMCO INCOME FUND CL I2 487429 487429 PIMCO INTERNATIONAL BOND 269672 269672 SPDR GOLD TRUST 278210 278210 VANGUARD DIVIDEND 573556 573556 VANGUARD HIGH DVD YIELD 553927 553927 VANGUARD 500 INDEX FUND 333290 333290 WESTERN ASSET CORE PLUS 405911 405911 DOUBLELINE TOTAL RETURN 14255 14255 ISHARES 0-5 YEAR TIPS 9696 9696 PIMCO INCOME FUND CL I2 12115 12115 PIMCO LOW DURATION 12315 12315 VANGUARD HIGH DVD YIELD 7574 7574 VANGUARD INTL HIGH DIVID 3573 3573 J P MORGAN EXCHANGE ETF 212501 212501 BLACKSTONE REAL ESTATE 230095 230095 PROCTER & GAMBLE 6972 6972 NIKE INC CL B 9478 9478 TEXAS INSTRUMENTS 17513 17513 TJX COS INC NEW 16955 16955 TRANE TECHNOLOGIES PLC 13951 13951 UNION PACIFIC CORP 14909 14909 UNITEDHEALTH GROUP INC 28100 28100 WALMART INC 12619 12619 WEC ENERGY GROUP INC SHS 17533 17533 ABBVIE INC SHS 20363 20363 ADVNCD MICRO D INC 17035 17035 ALPHABET INC SHS 14019 14019 AMAZON COM INC COM 25788 25788 AMERICAN TOWER REIT INC 18008 18008 ANALOG DEVICES INC COM 5577 5577 APPLE INC 34821 34821 NVIDIA 7745 7745 ASML HLDG NV NY REG SHS 18578 18578 BLACKSTONE INC 16322 16322 CAESARS ENTERTAINMENT 5658 5658 COSTAR GROUP INC 20711 20711 DANAHER CORP DEL COM 16987 16987 DEERE CO 22296 22296 DEXCOM INC 5662 5662 FREEPORT-MCMORAN INC 6612 6612 HILTON WORLDWIDE 13394 13394 HOWMET AEROSPACE INC 9222 9222 JPMORGAN CHASE & CO 8851 8851 MASTERCARD INC 39641 39641 MATCH GROUP INC 2655 2655 META PLATFORMS INC 19856 19856 MICROSOFT CORP 59955 59955 ATLASSIAN CORP 9136 9136 FEDERATED HERMES INSTL 1728880 1728880 Northern Trust S&P 500 Index Fund (core) 30556172 30556172 GW&K - Small Cap Core Equity CIT 2472527 2472527 Baillie Gifford EAFE Pure K 6848880 6848880 Causeway International Value Instl 7179236 7179236 Cusana Global Emerging Markets Equity Fund 2714460 2714460 Lazard Emerging Markets Equity Instl 2789624 2789624 Lazard Emerging Discounted Assets Fund 3212099 3212099 The TCW Group - Core Plus Fixed Income 11169865 11169865 Western Asset Core Commingled 10604177 10604177 Ninety One Emerging Debt Fund 2527942 2527942 Cohen & Steers Real Estate Securities Fund 9176302 9176303 ARTHUR VENTURES IV, LP AT COST 139137 154228 RIVER OAKS FINANCIAL FUND AT COST 1325903 2245683 ARTHUR VENTURES GROWTH III, LP AT COST 441811 451850 BLUEGRASS PARENT LLC AT COST 23530000 23530000 STERLING MULTIFAMILY TRUST FMV 317093 317093 PPC AV 1, LLC AT COST 563068 570015 El Dorado Merrill Ranch LLC AT COST 850000 850000 NORTHSTAR MEZZANINE PARTNERS AT COST 639365 701686 Sonoran West II AT COST 2485105 2500000 Oaktree Capital Management - US High Yield Bonds AT COST 4368756 4388191 Tax Basis Investment Expenses from K-1 193276 193276 0 Training and Development 6156 0 6156 Supplies 60 0 60 Golf Tournamnet Expense 7111 0 0 Non deductible expenses 4 4 0 Nondividend Distributions 18650 18650 Other income from passthorugh entities -14085 -14085 -14085 Unrelated Business Income from Passthrough Entities 122 122 Gross Income from Special Fundraising Events 26570 26570 Unrealized gain 12605301 LLC investment purchase payable 0 850000 Other Professional Fees 1671 0 1671 Professional Expenses 237421 109947 127474