2022-05-13T06:57:44-05:00 2021-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990PF 2021-01-01 411875950 THE OLSETH FOUNDATION OLSE 6122673287 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 CHERYL OLSETH PRESIDENT 6122673287 2022-05-11 1 CHERYL OLSETH 999009999 KATHERINE POPPEN P01696738 6123974000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 31449146 X X 45291 45735 495028 579874 612998 3993941 536059 1153317 1161668 290700 0 290700 69000 0 69000 16053 0 16053 30880 7429 22929 5780 0 5780 194130 183530 10600 606543 190959 415062 1101000 1101000 1707543 190959 1516062 -554226 970709 1187703 1200418 1200418 9607906 10616097 19681691 0 944489 927808 11029379 8510176 9639229 21824988 21271180 31449146 0 0 X 0 0 0 0 21824988 21271180 21824988 21271180 21824988 21271180 21824988 -554226 418 21271180 0 21271180 RBC FINANCIAL - CAPITAL GAIN DISTRIBUTION P 382460 382460 382460 PUBLICLY TRADED SECURITIES P 3611481 3457882 153599 153599 536059 13493 0 13493 0 13493 5500 0 0 0 5500 X 0 7993 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 96900 0 0 JON P OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 VICE-PRESIDENT/SECRETARY 20.00 96900 0 0 CHERYL A OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 PRESIDENT 20.00 96900 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 183530 BRIDGEVIEW LEGAL ADVISORS 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 ADVISORY SERVICES 69000 0 SEE STATEMENT 10 90997 NONE 0 0 0 29815608 1211087 0 31026695 0 0 31026695 465400 30561295 1528065 1528065 13493 13493 1514572 0 1514572 0 1514572 1516062 0 1516062 1514572 0 0 11763 30914 45656 11462 3395 103190 1516062 0 0 0 1514572 1490 0 0 104680 0 0 0 0 0 0 11763 92917 30914 45656 11462 3395 1490 X ADVOCATES FOR HUMAN RIGHTS 330 SECOND AVENUE SOUTH SUITE 800 MINNEAPOLIS MN 55401 PC OPERATING 25000 AMERICAN CIVIL LIBERTIES FOUNDATION OF OREGON INC PO BOX 40585 PORTLAND OR 97240 PC OPERATING 5000 CENTRAL LAKES COLLEGE FOUNDATION 501 WEST COLLEGE DRIVE BRAINERD MN 56401 PC VERSE LIKE WATER FUND 5000 CHILDREN'S MUSEUM OF SOUTHERN MINNESOTA 224 LAMM ST MANKATO MN 56001 PC OPERATING 15000 CITY OF NORTH MANKATO 1001 BELGRADE AVE NORTH MANKATO MN 56003 GOV LEVEL 2 CHARGER CASWELL FIELDS 5000 CITY OF WHITEFISH PO BOX 158 WHITEFISH MA 59937 GOV DAVID OLSETH MEMORIAL SKATE PARK 5000 CLIMATE GENERATION A WILL STEGER LEGACY 2801 21ST AVENUE SUITE 110 MINNEAPOLIS MN 55407 PC OPERATING 35000 COMMITTEE AGAINST DOMESTIC ABUSE INC (CADA) PO BOX 466 MANKATO MN 56002 PC OPERATING 15000 COUNCIL OF CONTRIBUTORS INC 4009 93RD AVE N MINNEAPOLIS MN 55443 PC OPERATING 5000 DON'T SHOOT PDX 1811 NW COUCH 303 PORTLAND OR 97209 PC OPERATING 2000 EMERGENCY COMMUNITY HELP ORGANIZATION ECHO PO BOX 3212 1014 SOUTH FRONT STREET MANKATO MN 56002 PC OPERATING 5000 ENVIRONMENTAL INITIATIVE-SUSTAINABLE GROWTH COALITION 211 N 1ST ST 250 MINNEAPOLIS MN 55401 PC OPERATING 10000 FEED THE MASS 2305 SE 50TH AVENUE SUITE 100 PORTLAND OR 97215 PC OPERATING 5000 FEEDING OUR COMMUNITIES PARTNERS (BACKPACK FOOD PROGRAM) PO BOX 5275 MANKATO MN 56002 PC OPERATING 15000 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 FRESH ENERGY 408 SAINT PETER STREET SUITE 220 ST PAUL MN 55102 PC OPERATING 10000 FRIENDS OF THE HENNEPIN COUNTY LIBRARY 300 NICOLLET MALL SUITE N-290 MINNEAPOLIS MN 55401 PC OPERATING 25000 GIVING VOICE INITIATIVE 7801 EAST BUSH LAKE ROAD 120 BLOOMINGTON MN 55439 PC OPERATING 10000 GREATER MANKATO AREA UNITED WAY INC 127 S 2ND STREET SUITE 190 MANKATO MN 56001 PC OPERATING ($20,000); BOOKS FOR KIDS PROGRAM ($14,000) 34000 JUNGLE THEATRE 2951 LYNDALE AVE S MINNEAPOLIS MN 55408 PC OPERATING 25000 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 27000 MANKATO CALEDONIAN CURLING CLUB INC 600 HOPE ST PO BOX 75 MANKATO MN 56002 PC OPERATING 5000 MEALS ON WHEELS PEOPLE INC 7710 SW 31ST AVENUE PORTLAND OR 97219 PC OPERATING 20000 MERELY PLAYERS COMMUNITY THEATRE INC PO BOX 3637 MANKATO MN 56002 PC OPERATING 1000 MINNESOTA ENGAGEMENT ON SHELTER & HOUSING 740 EAST 17TH ST MINNEAPOLIS MN 55404 PC OPERATING 5000 MINNESOTA PUBLIC RADIO 480 CEDAR STREET ST PAUL MN 55101 PC PODCASTS 10000 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 309 WIGLEY ADMINISTRATION CENTER MANKATO MN 56001 PC STUDENT SCHOLARSHIPS ($5,000); AUTOMOTIVE TECHNOLOGY ($15,000); THEATRE ($3,000) 23000 MULTNOMAH ARTS CENTER ASSOCIATION 7688 SW CAPITOL HWY PORTLAND OR 97219 PC ART PODS 13000 NATIONAL PARK SERVICE ANTIETAM NATIONAL BATTLEFIELD PO BOX 158 SHARPSBURG MD 91782 GOV GRASSLANDS MANAGEMENT PROGRAM 10000 NEIGHBORHOOD HOUSE INC 7780 SW CAPITOL HWY PORTLAND OR 97219 PC OPERATING 5000 NORTHFIELD SHARES PO BOX 802 NORTHFIELD MN 55057 PC ENVIRONMENTAL SUSTAINABILITY FUND 5000 OFF THE BLUE COUCH 3119 IRVING AVENUE NORTH MINNEAPOLIS MN 55411 PC OPERATING 12500 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 30000 OREGON INNOCENCE PROJECT OREGON JUSTICE RESOURCE CENTER PO BOX 5248 PORTLAND OR 97208 PC OPERATING 5000 OREGON NATURAL RESOURCES COUNCIL FUND (OREGON WILD) 5825 N GREELEY AVE PORTLAND OR 97217 PC OPERATING 35000 OREGON PUBLIC BROADCASTING 7140 SW MACADAM AVENUE PORTLAND OR 97219 PC OPERATING 10000 OREGON WILDLIFE FOUNDATION 901 SE OAK STREET SUITE 103 PORTLAND OR 97214 PC GILCHRIST WILDLIFE UNDERPASS ($25,000); WILDLIFE FEASIBILITY STUDY ($25,000) 50000 PEAR 338 NW 6TH AVE PORTLAND OR 97209 PC OPERATING 10000 PEOPLE SERVING PEOPLE INC 614 3RD STREET S MINNEAPOLIS MN 55415 PC OPERATING 25000 PLANNED PARENTHOOD COLUMBIA WILLAMETTE 3727 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 PC OPERATING 25000 PLANNED PARENTHOOD NORTH CENTRAL STATES 671 VANDALIA ST ST PAUL MN 55114 PC OPERATING ($50,000); UPTOWN CLINIC ($20,000); CELEBRATE EVENT ($5,000) 75000 PORTLAND HOMELESS FAMILY SOLUTIONS 6220 SE 92ND AVE PORTLAND OR 97266 PC ADOPT-A-ROOM PROGRAM ($12,500); PREVENTION PROGRAM ($20,000) 32500 RECHARGE AMERICA 88 DOMINGA AVE FAIRFAX CA 94930 PC AMERICA/ MN/ MANKATO ($65,000); ILLINOIS ($20,000) 85000 RIVERLAND COMMUNITY COLLEGE FOUNDATION 1900 EIGHTH AVENUE NORTHWEST AUSTIN MN 55912 PC EV CHARGER INITIATIVE FUND ($5,000); SCHOLARSHIPS ($5,000); THEATER ($3,000) 13000 SATURDAY ACADEMY (FRIENDS OF SATURDAY ACADEMY) 5000 N WILLAMETTE BLVD PORTLAND OR 97203 PC ASE PROGRAM ($10,000), STEAM INTERNSHIPS ($5,000) 15000 SECOND HARVEST HEARTLAND 7101 WINNETKA AVE NORTH BROOKLYN PARK MN 55428 PC OPERATING 25000 SHRINERS HOSPITALS FOR CHILDREN 2900 ROCKY POINT DR TAMPA FL 33607 PC OPERATING 500 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 15000 THE LIBRARY FOUNDATION INC SERVING THE PEOPLE OF MULTNOMAH COUNTY 620 SW FIFTH AVENUE SUITE 1025 PORTLAND OR 97204 PC OPERATING 30000 UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE MINNEAPOLIS MN 55455 PC RAPTOR CENTER FUND ($12,500); CENTER FOR FOREST ECOLOGY ($10,000) 22500 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 WILDLIFE FOR ALL 275 NORTH DOWNTOWN MALL LAS CRUCES NM 88001 PC OPERATING 5000 WORLD WILDLIFE FUND INC (WWF) 1250 24TH ST NW WASHINGTON DC 20037 PC OPERATING 100000 YWCA MANKATO 127 SOUTH 2ND ST MANKATO MN 56001 PC OPERATING 5000 1101000 0 14 45291 14 495028 18 612998 0 1153317 0 1153317 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 16053 0 16053 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 2021. 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. SINCE THE FIRST EVENT, RECHARGE EXPANDED IN 2021 TO INCLUDE: A MINNESOTA STATE-WIDE RECOGNITION PROGRAM, ADDITIONAL FOUNDATION SUPPORT FROM THE MCKNIGHT FOUNDATION, CAROLYN FOUNDATION, MORGAN FAMILY FOUNDATION, FORMATION OF STRATEGIC PROGRAMMING PARTNERSHIPS (FRESH ENERGY; THE INITIATIVE FOUNDATION, THE MANKATO FOUNDATION, AND NORTHFIELD SHARES), AND THE SCHEDULING OF FUTURE EVENTS IN MINNESOTA, SOUTHERN ILLINOIS, AND MASSACHUSETTS. EACH EV EXPO PROVIDES ATTENDEES WITH THE OPPORTUNITY TO VIEW AND TEST DRIVE ELECTRIC VEHICLES, EXPLORE CHARGING OPTIONS, AND SPEAK WITH EV OWNERS IN THEIR COMMUNITY. THE SUCCESS OF THE OLSETH FOUNDATION'S RECHARGE MANKATO PROGRAMMING HAS PAVED THE WAY FOR OPPORTUNITIES TO SHOWCASE EVS IN OTHER COMMUNITIES, SUCH AS THE RECHARGE NORTHFIELD EVENT HELD IN OCTOBER 2021 IN NORTHFIELD, MINNESOTA AND THE SPRING 2022 RECHARGE ST. CLOUD EV EXPO IN ST. CLOUD, MINNESOTA (HTTPS://WWW.RECHARGE-MINNESOTA.ORG/RECHARGE-ST-CLOUD-EXPO/). THE RECHARGE NORTHFIELD EVENT KICKED OFF WITH A COMMUNITY ADDRESS FROM NORTHFIELD'S MAYOR, THE EXECUTIVE DIRECTOR FOR NORTHFIELD SHARES, AND THE SUSTAINABILITY PROGRAM COORDINATOR FOR THE CITY OF NORTHFIELD, THE NORTHFIELD ROTARY CLIMATE ACTION TEAM, AND SEVERAL FOUNDATION REPRESENTATIVES. ORANGE EV DISPLAYED AN ELECTRIC TRANSPORT TRUCK AT THE EVENT AND XCEL ENERGY PROVIDED INFORMATION ON AT-HOME AND PUBLIC CHARGING OPTIONS. A SHOWCASE OF LOCAL EV OWNERS' EVS WERE ON DISPLAY AND ATTENDEES HAD THE OPPORTUNITY TO TEST DRIVE A TESLA AND A POLESTAR EV. FARMSTEAD BIKES JOINED THE EVENT AND SHOWED OFF THEIR LINE OF ELECTRIC BIKES.IN KEEPING WITH THIS ENVIRONMENTAL FOCUS, CHERYL OLSETH COMPLETED CLIMATE CHANGE EDUCATION TRAINING WITH CLIMATE REALITY PROJECT IN 2019 AND CONTINUED TO GIVE EDUCATIONAL PRESENTATIONS ON CLIMATE CHANGE TO LOCAL GROUPS IN 2021.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, FRIENDS OF THE HENNEPIN COUNTY LIBRARY, CLIMATE GENERATION, AND RECHARGE AMERICA. THEY PROVIDE EDUCATIONAL TRAINING ON CLIMATE CHANGE TO GROUPS OF ALL AGES. IN PARTNERSHIP WITH THEIR GRANTEES, THEY AUTHOR ARTICLES ON ELECTRIC VEHICLE USE, FOOD INSECURITY 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 2021, THE OLSETH FOUNDATION ENGAGED IN A REFRAMING OF 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 255000 254558 PACER TRENDPILOT US BOND ETF 689489 673250 ALGER SMALL CAP FOCUS FUND CL Z 600000 749259 APPLE INC 315226 2308410 BERKSHIRE HATHAWAY INC DEL CL B 259556 598000 BROWN ADVISORY SUSTAINABLE GROWTH FUND INST CLASS 618256 1867751 QUALCOMM INC 148310 548610 STARBUCKS CORP 97407 204698 SURMODICS INC 344982 697790 TORO CO 256920 799280 TOUCHSTONE MID CAP FUND GROUP TR MID CAP FD Y 454181 896270 TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND CL Y 384698 470793 VANGUARD INDEX FUNDS VANGUARD MIDCAP ETF 145995 318463 VANGUARD INDEX FUNDS VANGUARD GROWTH ETF 276826 802250 VANGUARD INDEX FUNDS VANGUARD SMALLCAP ETF 272005 565025 VANGUARD SPECIALIZED FUNDS VANGUARD DIVIDEND APPRECIATION ETF 437456 858750 BANK OF MONTREAL 104484 215440 FIDELITY INVT TR ADVISOR TOTAL EMERGING MKTS FD CL I 383125 426724 MEDTRONIC PLC COM 832347 1137950 MFS SER TR X INTERNATIONAL DIVERSIFICATION FUND CL I 1440155 2242667 NVENT ELECTRIC PLC ORDINARY SHARES 41545 95000 PENTAIR PLC SHS 81957 182575 TOUCHSTONE STRATEGIC TR SNDS CAP EMRNG MKTS GRWTH CL Y 400000 600243 TOUCHSTONE STRATEGIC TR GLOBAL ESG EQUITY FUND CLASS Y 1178683 1380193 VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF 293201 427100 INNOVATOR LOUP FRONTIER TECH ETF 264172 268000 INVESCO NASDAQ NEXT GEN 100 ETF 335747 335700 PACER US SMALL CAP CASH COW ETF 215525 213850 PACER US CASH COW 100 ETF 433338 470900 BARINGS FDS TR GLOBAL FLTG RATE FD CL Y AT COST 450000 455860 HARTFORD MUT FDS INCWORLD BD FD CL I AT COST 96390 96535 DWS GLOBAL HIGH INCOME FUND INST AT COST 827946 831245 MFS TOTAL RETURN BOND FUND CL I AT COST 1550000 1629544 NEUBERGER BERMAN STRATEGIC INCOME FD INSTL CL AT COST 845672 881550 AT&T INC SENIOR NOTES AT COST 49374 50381 EATON CORP OHIO AT COST 97550 101866 PEOPLES UTD FINL INC AT COST 100550 101934 WELLS FARGO & CO AT COST 50374 51447 APPLE INC AT COST 99640 102393 LEUCADIA NATL CORP SR NT AT COST 47250 52190 AMERICAN EXPRESS CO AT COST 101462 106870 BANK OF NOVA SCOTIA AT COST 109252 120888 CITIGROUP INC AT COST 101883 110331 UNDER ARMOUR INC SR UNSECURED AT COST 89806 92831 LAZARD GROUP LLC SR NT AT COST 99430 107077 DWS RREEF REAL ASSETS FUND INST AT COST 765917 1039094 FIRST EAGLE GLOBAL FUND CL I AT COST 1115010 1356850 THORNBURG INVT TR INVT INCOME BUILDER FD CL I AT COST 1337670 1629253 MFS SER TR XIII GLOBAL REAL ESTATE FD CL I AT COST 575000 721090 LEGAL FEES 69000 0 69000 RBC MANAGEMENT FEES 183301 183301 0 RBC INVESTMENT FEES 229 229 0 DUES & SUBSCRIPTIONS 2291 0 2291 OTHER GENERAL AND ADMIN EXPENSES 3459 0 3459 PROFESSIONAL FEES - WEB DESIGN 4850 0 4850 COST BASIS ADJUSTMENT 418 MN ATTORNEY GENERAL FEE 25 0 25 FOREIGN TAX PAID 1013 7429 0 FEDERAL PAYMENTS 6938 0 0 PAYROLL TAXES 22904 0 22904