FRECHETTE FAMILY FOUNDATION: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- FRECHETTE FAMILY FOUNDATION (EIN 31-1530248)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-04-26
- IRS object ID
- 201921169349101007
- Schema version
- 2018v3.1
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-26T13:36:36-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410941592 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHIDELL MAIR & RICHARDSON PLLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3570 LEXINGTON AVE N STE 300 | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 551268059 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 311530248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRECHETTE FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FREC | BusinessNameControlTxt |
| Phone | 3126306000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2751 HENNEPIN AVENUE SOUTH 265 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55408 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTEN F WOOLFOLK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3126306000 | PhoneNum |
| Signature | 2019-04-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JULIE R RICHARDSON | PreparerPersonNm |
| PTIN | P01567137 | PTIN |
| Phone | 6514821698 | PhoneNum |
| Preparation | 2019-04-26 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.93.228.233 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-04-26 | IPDt |
| IP Tm | 13:36:36 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | A8FD124474654AE24B7212516A2829D5043435DB | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | A8FD124474654AE24B7212516A2829D5043435DB | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $157,744,071 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $130,661,804 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $3,482,457 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,482,457 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$4,740,012 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $35,959,736 | GrossSalesPriceAmt |
| Total Rev And Expnss | $129,404,249 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,482,457 | TotalNetInvstIncmAmt |
| Legal Fees Rev And Expnss | $1,750 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $1,750 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,980 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $7,380 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $2,600 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $675,442 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $373,785 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $301,657 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $65,045 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $45 | TaxesDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $50,843 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $50,843 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $2,210 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Dsbrs Chrtbl | $2,210 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $17,528 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $17,528 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $822,798 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $381,165 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $376,633 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $5,741,400 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $5,741,400 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $6,564,198 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $381,165 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $6,118,033 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $122,840,051 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,101,292 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | $135,037 | CashEOYAmt |
| Cash EOYFMV | $135,037 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $3,858,219 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,035,224 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,035,224 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $26,621,170 | CorporateStockBOYAmt |
| Corporate Stock EOY | $80,079,272 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $72,231,600 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $10,481,530 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $70,175,276 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $68,907,341 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $3,092,514 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $9,469,108 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $9,434,869 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $44,053,433 | TotalAssetsBOYAmt |
| Total Assets EOY | $166,893,917 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $157,744,071 | TotalAssetsEOYFMVAmt |
| Other Liabilities EOY | $433 | OtherLiabilitiesEOYAmt |
| Total Liabilities EOY | $433 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $44,053,433 | RetainedEarningBOYAmt |
| Retained Earning EOY | $166,893,484 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $44,053,433 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $166,893,484 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $44,053,433 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $166,893,917 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $44,053,433 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $122,840,051 | ExcessRevenueOverExpensesAmt |
| Subtotal | $166,893,484 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $166,893,484 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | PUBLICLY TRADED SECURITIES | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gross Sales Price | $35,959,736 | GrossSalesPriceAmt |
| Cost Or Other Basis | $40,699,748 | CostOrOtherBasisAmt |
| Gain Or Loss | -$4,740,012 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$4,740,012 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$4,740,012 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,542,775 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $31,438,324 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.080881 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,099,799 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $21,650,210 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.050799 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $961,407 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $17,673,534 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.054398 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $758,927 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $11,778,931 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.064431 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $517,025 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $11,359,991 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.045513 | DistributionYr5Rt |
| Total Distribution | 0.296022 | TotalDistributionRt |
| Average Distribution | 0.059204 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $119,851,292 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $7,095,676 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $31,013 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $7,126,689 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $6,118,033 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $62,026 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $62,026 | SubtotalAmt |
| Tax Based On Investment Income | $62,026 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $74,280 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $74,280 | TotalPaymentsAndCreditsAmt |
| Overpayment | $12,254 | OverpaymentAmt |
| Applied To ES Tax | $12,254 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | KERRIE BLEVINS CONSULTING | IndividualWithBooksNm |
| Phone | 6123289924 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1917 LOGAN AVENUE SOUTH | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|---|
| KRISTEN F WOOLFOLK | |||||||||
| C/O FRECHETTE FAMILY FOUNDATION | 2751 HENNEPIN AVE S 265 | MINNEAPOLIS | MN | 55408 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KATHY TENHULA | |||||||||
| C/O FRECHETTE FAMILY FOUNDATION | 2751 HENNEPIN AVE S 265 | MINNEAPOLIS | MN | 55408 | VICE PRESIDE | 2.00 | $0 | $0 | $0 |
| PETER TENHULA | |||||||||
| C/O FRECHETTE FAMILY FOUNDATION | 2751 HENNEPIN AVE S 265 | MINNEAPOLIS | MN | 55408 | SECRETARY | 1.00 | $0 | $0 | $0 |
| WILLIAM J WOOLFOLK | |||||||||
| C/O FRECHETTE FAMILY FOUNDATION | 2751 HENNEPIN AVE S 265 | MINNEAPOLIS | MN | 55408 | TREASURER | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | |||||
| PO BOX 803878 | CHICAGO | IL | 60680 | INVESTMENT ADV | $373,785 |
| PERELL GROUP | |||||
| 19 SOUTH FIRST STREET SUITE B2107 | MINNEAPOLIS | MN | 55401 | FOUNDATION MGMT | $261,002 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $113,075,809 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $8,600,630 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $121,676,439 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $121,676,439 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,825,147 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $119,851,292 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,992,565 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,992,565 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $62,026 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $62,026 | TotalTaxAmt |
| Distributable Before Adj | $5,930,539 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $5,930,539 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $5,930,539 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $6,118,033 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $6,118,033 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $6,118,033 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,930,539 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr4 | $190,176 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $283,466 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $29,595 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $999,119 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,502,356 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $6,118,033 | QualifyingDistributionsAmt |
| Applied To Current Year | $5,930,539 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $187,494 | RemainingDistriFromCorpusAmt |
| Total Corpus | $1,689,850 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $1,689,850 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $190,176 | ExcessFromYear4Amt |
| Excess From Year3 | $283,466 | ExcessFromYear3Amt |
| Excess From Year2 | $29,595 | ExcessFromYear2Amt |
| Excess From Year1 | $999,119 | ExcessFromYear1Amt |
| Excess From Current Year | $187,494 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHMENT 1 | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2751 HENNEPIN AVE S 265 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PUBLIC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL | GrantOrContributionPurposeTxt |
| Amt | $5,741,400 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $5,741,400 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | SEE ATTACHEMENT 1 | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2751 HENNEPIN AVE S 265 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55408 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PUBLIC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | GENERAL | GrantOrContributionPurposeTxt |
| Amt | $4,325,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $4,325,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,482,457 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$4,740,012 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$1,257,555 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$1,257,555 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| ESTATE OF PATRICIA FRECHETTE | |||||||
| 1 | C/O NORTHERN TRUST COMPANY | CHICAGO | IL | 60680 | $11,170,192 | Yes (X) | |
| ESTATE OF PATRICIA FRECHETTE | |||||||
| 2 | C/O NORTHERN TRUST COMPANY | CHICAGO | IL | 60680 | $4,142,380 | Yes (X) | |
| ESTATE OF PETER FRECHETTE | |||||||
| 3 | C/O NORTHERN TRUST COMPANY | CHICAGO | IL | 60680 | $17,705,631 | Yes (X) | |
| ESTATE OF PETER FRECHETTE | |||||||
| 4 | C/O NORTHERN TRUST COMPANY | CHICAGO | IL | 60680 | $97,643,601 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt |
|---|---|---|
| 2 | VARIOUS SHARES | $4,142,380 |
| 4 | VARIOUS SHARES | $97,643,601 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SHIDELL MAIR & RICHARDSON PLLP | CategoryTxt |
| Amt | $9,980 | Amt |
| Net Investment Income | $7,380 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $2,600 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | SEE ATTACHMENT 2 | BondNm |
| EOY Book Value | $70,175,276 | EOYBookValueAmt |
| EOYFMV | $68,907,341 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | SEE ATTACHMENT 2 | StockNm |
| EOY Book Value | $80,079,272 | EOYBookValueAmt |
| EOYFMV | $72,231,600 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| REAL ESTATE-SEE ATTACHMENT 2 | AT COST | $2,700,000 | $2,642,766 |
| COMMODITIES-SEE ATTACHMENT 2 | AT COST | $6,590,042 | $6,623,048 |
| PRIVATE EQUITY-SEE ATTACHMENT 2 | AT COST | $179,066 | $169,055 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | BEST & FLANNAGAN | CategoryTxt |
| Legal Fees | $1,750 | LegalFeesAmt |
| Disbursements Charitable Prps | $1,750 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| MISCELLANEOUS EXPENSES | $4,080 | $4,080 |
| OFFICE SUPPLIES | $1,031 | $1,031 |
| SEMINARS | $9,882 | $9,882 |
| MEMBERSHIPS | $2,500 | $2,500 |
| BANK CHARGES | $35 | $35 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CREDID CARD PAYABLE | Desc |
| EOY Book Value | $433 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| NORTHERN TRUST FEES | $373,785 | $373,785 | |
| PERELL GROUP CONSULTANTS | $261,002 | $261,002 | |
| CAROL BRAUSEN ENGELS | $1,547 | $1,547 | |
| KDN PHILANTHROPY | $10,344 | $10,344 | |
| KERRI BLEVINS CONSULTING | $28,764 | $28,764 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXCISE TAXES- CY ESTIMATES | $65,000 | |
| FILING FEE | $45 | $45 |