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        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.DEPOTFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>TRACY HANSEN</IndividualWithBooksNm>
        <PhoneNum>2182799913</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
          <CityNm>DULUTH</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55802</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BILL GRAVELLE</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RENEE MATTSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>VICE-CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KAROL SOWERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAT CUTSHALL</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MISSY FRANCISCO CARLSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>AMY HIETAPELTO</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELISSA HUSBY</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KRIS KAPSNER</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DENNIS LAMKIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROB HOFFMANN</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICK LUBBERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>230 W SUPERIOR ST 432</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>GRANTS TO SUPPORT THE IDENTITY OF THE DEPOT AS A VITAL AND THRIVING CULTURAL, ARTS, AND HERITAGE CENTER</Description1Txt>
        <Expenses1Amt>437363</Expenses1Amt>
        <Description2Txt>DEPOT FOUNDATION ARTS &amp; CULTURE AWARDS RECOGNIZE MEMBERS OF THE COMMUNITY IN THE AREAS OF ARTS, CULTURE AND HISTORIAL PRESERVATION</Description2Txt>
        <Expenses2Amt>750</Expenses2Amt>
        <Description3Txt>OPERATE AS A PAYMENT FACILITATOR FOR THE DISBURSEMENT OF DULUTH TOURISM TAX FUNDS FROM ST. LOUIS COUNTY, MINNESOTA TO THE ST LOUIS COUNTY HERITAGE AND ARTS CENTER BUILDING FOR THE PURPOSES OF MARKETING/ADVERTISING, GRANT SERVICES, MANAGEMENT SERVICES, EVENT &amp; OTHER STAFFING, EXHIBIT EXPENSES, TELEPHONE, IT, SECURITY, COPYING, POSTAGE AND PRINTING.</Description3Txt>
        <Expenses3Amt>965</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6075716</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>4205</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6079921</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6079921</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>91199</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>5988722</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>299436</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>299436</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>5083</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>5083</TotalTaxAmt>
        <DistributableBeforeAdjAmt>294353</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>294353</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>294353</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>315078</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>315078</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>315078</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>294353</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>54698</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>315078</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>54698</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>260380</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>33973</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARROWHEAD CHORALE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>9635</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DULUTH ART INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>33519</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DULUTH ART INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>STEFFL GALLERY CARPETING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DULUTH CHILDRENS MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>115 S 29TH AVE W</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55806</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>790</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DULUTH PLAYHOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>95581</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DULUTH SUPERIOR SYMPHONY ASSOCIATIO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>130 W SUPERIOR ST STE LL2</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>423</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HISTORIC UNION DEPOT CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TOYS: THE INSIDE STORY EXHIBIT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HISTORIC UNION DEPOT CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>REUPHOLSTER BOARD ROOM CHAIRS</GrantOrContributionPurposeTxt>
          <Amt>5235</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAKE SUPERIOR RAILROAD MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>STORAGE OF SEACREST EXHIBIT</GrantOrContributionPurposeTxt>
          <Amt>42418</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAKE SUPERIOR RAILROAD MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>3307</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAKE SUPERIOR RAILROAD MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>REPAIR PONY CAR LOCO 28</GrantOrContributionPurposeTxt>
          <Amt>7582</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MATINEE MUSICALE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>1561</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MINNESOTA BALLET</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>230 W SUPERIOR ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>3930</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MINNESOTA BALLET</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>230 W SUPERIOR ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>REPLACE BLACK TUTUS</GrantOrContributionPurposeTxt>
          <Amt>1960</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST LOUIS COUNTY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROGRAMMATIC</GrantOrContributionPurposeTxt>
          <Amt>19244</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST LOUIS COUNTY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>506 W MICHIGAN ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>DULUTH BELL RESTORATION</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
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        <EOYFMVAmt>19215</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PALO ALTO NETWORKS INC</StockNm>
        <EOYBookValueAmt>16912</EOYBookValueAmt>
        <EOYFMVAmt>16912</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SALESFORCE.COM INC</StockNm>
        <EOYBookValueAmt>25946</EOYBookValueAmt>
        <EOYFMVAmt>25946</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ULTIMATE SOFTWARE GROUP INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC</StockNm>
        <EOYBookValueAmt>35057</EOYBookValueAmt>
        <EOYFMVAmt>35057</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WORLDPAY INC</StockNm>
        <EOYBookValueAmt>24878</EOYBookValueAmt>
        <EOYFMVAmt>24878</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ECOLAB INC</StockNm>
        <EOYBookValueAmt>16190</EOYBookValueAmt>
        <EOYFMVAmt>16190</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PPG INDUSTRIES INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ACCENTURE PLC</StockNm>
        <EOYBookValueAmt>18292</EOYBookValueAmt>
        <EOYFMVAmt>18292</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLERGAN PLC</StockNm>
        <EOYBookValueAmt>11553</EOYBookValueAmt>
        <EOYFMVAmt>11553</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JAZZ PHARMACEUTICALS PLC</StockNm>
        <EOYBookValueAmt>19673</EOYBookValueAmt>
        <EOYFMVAmt>19673</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NORWEGIAN CRUISE LINE HOLDINGS LTD</StockNm>
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        <EOYFMVAmt>18395</EOYFMVAmt>
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    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc7">
      <USGovtObligationsBookVlEOYAmt>125990</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>125990</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERICAN EUROPACIFIC GROWTH FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>173234</BookValueAmt>
        <EOYFMVAmt>173234</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AQR MANAGED FUTURE STRATEGY FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>90815</BookValueAmt>
        <EOYFMVAmt>90815</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARBITRAGE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>124625</BookValueAmt>
        <EOYFMVAmt>124625</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARTISAN INTERNATIONAL FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>107811</BookValueAmt>
        <EOYFMVAmt>107811</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOSTON PTNRS LONG/SHORT RESEARCH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>169992</BookValueAmt>
        <EOYFMVAmt>169992</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CRM SMALL CAP VALUE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>224422</BookValueAmt>
        <EOYFMVAmt>224422</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DODGE &amp; COX INTERNATIONAL STOCK FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>321255</BookValueAmt>
        <EOYFMVAmt>321255</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DRIEHAUS ACTIVE INCOME FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>117114</BookValueAmt>
        <EOYFMVAmt>117114</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESCO OPPENHEIMER DEV MKTS FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>274157</BookValueAmt>
        <EOYFMVAmt>274157</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE TOTAL US AGG BOND EFT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>112464</BookValueAmt>
        <EOYFMVAmt>112464</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL 1000 VALUE ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>739530</BookValueAmt>
        <EOYFMVAmt>739530</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL 2000 EFT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>150058</BookValueAmt>
        <EOYFMVAmt>150058</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL MIDCAP GROWTH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>84128</BookValueAmt>
        <EOYFMVAmt>84128</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JP MORGAN MIDCAP VALUE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>329057</BookValueAmt>
        <EOYFMVAmt>329057</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JPMORGAN HI YIELD FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>96658</BookValueAmt>
        <EOYFMVAmt>96658</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO FOREIGN BOND FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO INTL BOND FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>94917</BookValueAmt>
        <EOYFMVAmt>94917</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRINCIPAL PFD SECURITIES FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SPDR DJ WILSHIRE INTL REAL ESTATE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>170500</BookValueAmt>
        <EOYFMVAmt>170500</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SPDR DOW JONES REIT ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>229710</BookValueAmt>
        <EOYFMVAmt>229710</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SPDR S&amp;P 500 ETF TRUST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>58600</BookValueAmt>
        <EOYFMVAmt>58600</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STONE HARBOR LOCAL MKT FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>142220</BookValueAmt>
        <EOYFMVAmt>142220</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TEMPLETON GLOBAL BOND FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>142041</BookValueAmt>
        <EOYFMVAmt>142041</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>THE MERGER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>101759</BookValueAmt>
        <EOYFMVAmt>101759</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD FTSE EMERGING MKTS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>331734</BookValueAmt>
        <EOYFMVAmt>331734</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD REAL ESTATE ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>115805</BookValueAmt>
        <EOYFMVAmt>115805</EOYFMVAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>42158</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>33012</AccumulatedDepreciationAmt>
        <BookValueAmt>9146</BookValueAmt>
        <EOYFMVAmt>9146</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc10">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>641</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>616</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
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      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED INVESTMENT INCOME</Desc>
        <BOYBookValueAmt>3174</BOYBookValueAmt>
        <EOYBookValueAmt>4501</EOYBookValueAmt>
        <EOYFMVAmt>4501</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>DEPOT MARKETING FD HELD IN TRUST</Desc>
        <EOYBookValueAmt>57259</EOYBookValueAmt>
        <EOYFMVAmt>57259</EOYFMVAmt>
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        <Desc>FEDERAL EXCISE TAX FYE 06/30/2019</Desc>
        <Amt>5083</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>DONATED FACILITIES &amp; SERVICES</Desc>
        <Amt>27129</Amt>
      </OtherDecreasesDetail>
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      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK &amp; CREDIT CARD FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>448</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DEVELOPMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>9578</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ARTS &amp; CULTURAL AWARDS</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2355</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>822</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELECOMMUNICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>900</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>720</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>601</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE</Desc>
        <RevenueAndExpensesPerBooksAmt>395</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FOREIGN TAX WITHHELD</Desc>
        <RevenueAndExpensesPerBooksAmt>111</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>111</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>391</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>287</RevenueAndExpensesPerBooksAmt>
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      <OtherIncomeDetail>
        <Desc>SLC PAYMENT FACILITATOR FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1800</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1800</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CIRCLE OF FRIENDS</Desc>
        <RevenueAndExpensesPerBooksAmt>4490</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>4490</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SUNDRY INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>12</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>12</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc14">
      <OtherIncreasesDetail>
        <Desc>DONATED FACILITIES &amp; SERVICES</Desc>
        <Amt>27129</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS ON SECURITIES</Desc>
        <Amt>67777</Amt>
      </OtherIncreasesDetail>
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    <OtherLiabilitiesSchedule documentId="RetDoc16">
      <OtherLiabilitiesDetail>
        <Desc>DEPOT MARKETING FD TRUST ACCT</Desc>
        <EOYBookValueAmt>57259</EOYBookValueAmt>
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    <OtherProfessionalFeesSchedule documentId="RetDoc17">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT AGENCY FEES</CategoryTxt>
        <Amt>27721</Amt>
        <NetInvestmentIncomeAmt>27721</NetInvestmentIncomeAmt>
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</Return>