﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2017v2.3" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-05-14T12:36:38-05:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>410971937</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>FREDRIKSON &amp; BYRON PA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>200 S 6TH STREET SUITE 4000</AddressLine1Txt>
        <CityNm>MINNEAPOLIS</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55402</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>416543299</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>EVERT FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>200 SOUTH SIXTH STREET</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>EVER</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>SUITE 4000</AddressLine1Txt>
        <CityNm>MINNEAPOLIS</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55402</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>LINDSAY E MCCABE</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <SignatureDt>2018-05-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JOHN L NELSON</PreparerPersonNm>
      <PTIN>P01370507</PTIN>
      <PhoneNum>6124927000</PhoneNum>
      <PreparationDt>2018-05-14</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>199.45.12.131</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2018-05-14</IPDt>
      <IPTm>12:36:38</IPTm>
      <IPTimezoneCd>CD</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>0237464F73A26382A3F334765F0E39E6102BC4A3</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>A518C8596B93ED13C06EBE0FE8BCFDE4E0B05AF7</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2017</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="RetDoc6">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7598648</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>275</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>275</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>181162</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>181162</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>50715</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>50715</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>50715</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>232152</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>232152</TotalNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc4">18473</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>18473</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc5">22056</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>22056</TaxesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>40529</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>40529</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>322500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>322500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>363029</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>40529</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>322500</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-130877</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>191623</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>382311</CashBOYAmt>
        <CashEOYAmt>510801</CashEOYAmt>
        <CashEOYFMVAmt>510801</CashEOYFMVAmt>
        <CorporateStockBOYAmt>2938169</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">2881413</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4890193</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>2400265</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2">2197654</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>2197654</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>5720745</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>5589868</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7598648</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>5720745</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>5589868</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>5720745</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>5589868</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>5720745</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>5589868</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>5720745</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-130877</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>5589868</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>5589868</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>50715</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>471000</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>6544978</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.071964</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>185000</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>6530585</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.028328</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>245000</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>6623444</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.036990</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>145000</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>4699939</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.030851</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>1272877</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>4340279</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.293271</DistributionYr5Rt>
        <TotalDistributionRt>0.461404</TotalDistributionRt>
        <AverageDistributionRt>0.092281</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>6933128</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>639796</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1916</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>641712</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>322500</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>3832</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>3832</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>3832</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>120</EsPenaltyAmt>
        <TaxDueAmt>3952</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MN</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>JOHN L NELSON</IndividualWithBooksNm>
        <PhoneNum>6124927000</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>200 SOUTH SIXTH STREET SUITE 4000</AddressLine1Txt>
          <CityNm>MINNEAPOLIS</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55402</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>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LINDSAY E MCCABE</PersonNm>
          <USAddress>
            <AddressLine1Txt>5321 MINNEHAHA BOULEVARD</AddressLine1Txt>
            <CityNm>EDINA</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>554241406</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANN L MCCABE</PersonNm>
          <USAddress>
            <AddressLine1Txt>5321 MINNEHAHA BOULEVARD</AddressLine1Txt>
            <CityNm>EDINA</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>554241406</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6651492</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>387217</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>7038709</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>7038709</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>105581</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6933128</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>346656</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>346656</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3832</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3832</TotalTaxAmt>
        <DistributableBeforeAdjAmt>342824</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>342824</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>342824</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>322500</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>322500</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>322500</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>342824</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>1080109</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr1Amt>165735</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1245844</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>322500</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>322500</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>20324</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>20324</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>1225520</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>1059785</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>165735</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>165735</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF ST THOMAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2115 SUMMIT AVENUE</AddressLine1Txt>
            <CityNm>ST PAUL</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>551051096</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST MARY'S UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>700 TERRACE HEIGHTS</AddressLine1Txt>
            <AddressLine2Txt>SUITE 21</AddressLine2Txt>
            <CityNm>WINONA</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>559871399</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP AND PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NAMI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>800 TRANSFER ROAD</AddressLine1Txt>
            <AddressLine2Txt>SUITE 31</AddressLine2Txt>
            <CityNm>ST PAUL</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55114</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PAIN FREE PATRIOTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14001 RIDGEDALE DRIVE</AddressLine1Txt>
            <AddressLine2Txt>SUITE 390</AddressLine2Txt>
            <CityNm>MINNETONKA</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MATTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7005 OXFORD STREET</AddressLine1Txt>
            <CityNm>ST LOUIS PARK</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55426</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HONOR FLIGHT TWIN CITIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2674 MACKUBIN ST</AddressLine1Txt>
            <CityNm>ROSEVILLE</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55113</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN'S THEATRE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2400 3RD AVENUE S</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55404</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOOD FOR THE POOR INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6401 LYONS RD</AddressLine1Txt>
            <CityNm>COCONUT CREEK</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33073</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALVATION ARMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2445 PRIOR AVE N</AddressLine1Txt>
            <CityNm>ROSEVILLE</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55113</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL USE OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>322500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>275</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>181162</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>50715</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>232152</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>232152</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASPIRIANT ACCOUNT</BondNm>
        <EOYBookValueAmt>2197654</EOYBookValueAmt>
        <EOYFMVAmt>2197654</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>ASPIRIANT ACCOUNT</StockNm>
        <EOYBookValueAmt>2881413</EOYBookValueAmt>
        <EOYFMVAmt>4890193</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc4">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>18473</Amt>
        <NetInvestmentIncomeAmt>18473</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc5">
      <TaxesDetail>
        <CategoryTxt>TAX ON INVESTMENT INCOME</CategoryTxt>
        <Amt>22056</Amt>
        <NetInvestmentIncomeAmt>22056</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>