2026-05-14T09:44:14-05:00 2025-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990PF 2025-01-01 411875950 THE OLSETH FOUNDATION OLSE 6122673287 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 CHERYL OLSETH PRESIDENT 6122673287 2026-05-14 1 SARAH REDDEN P00898534 6123974000 2025 2025-03-06 01:10:19Z X 30570166 X X 79486 60661 640826 673129 1278266 6219692 1269795 1998578 2003585 333570 0 333570 103401 0 103401 15746 0 15746 255444 171309 84135 13390 13336 0 21341 0 21341 1688 0 1688 744580 184645 559881 926738 926738 1671318 184645 1486619 327260 1818940 1670772 1058154 1058154 0 1078031 1097711 5552883 5446692 13016036 3763908 2854368 2827381 7513492 8391047 12570884 18501055 18828292 30570166 0 0 X 0 0 0 0 18501055 18828292 18501055 18828292 18501055 18828292 18501055 327260 0 18828315 23 18828292 RBC FINANCIAL - CAPITAL GAIN DISTRIBUTION P 646346 646346 646346 PUBLICLY TRADED SECURITIES P 5573346 4949897 623449 623449 1269795 25283 0 25283 0 25283 14833 0 0 0 14833 X 0 10450 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 1 0 0 0 0 0 0 0 KAREN L SOLOMON 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 TREASURER 20.00 111190 27224 0 JON P OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 VICE-PRESIDENT/SECRETARY 20.00 111190 27224 0 CHERYL A OLSETH 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 PRESIDENT 20.00 111190 27224 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 171308 BRIDGEVIEW LEGAL ADVISORS 601 CARLSON PARKWAY SUITE 1050 MINNETONKA MN 55305 ADVISORY SERVICES 82260 0 SEE STATEMENT 104512 NONE 0 0 0 27871963 1089846 0 28961809 0 0 28961809 434427 28527382 1426369 1426369 25283 25283 1401086 0 1401086 0 1401086 1486619 0 1486619 1401086 0 0 3395 1490 52319 124525 75431 257160 1486619 0 0 0 1401086 85533 0 0 342693 0 0 0 0 0 0 3395 339298 1490 52319 124525 75431 85533 X AMERICAN CIVIL LIBERTIES FOUNDATION OF OREGON INC PO BOX 40585 PORTLAND OR 97240 PC OPERATING 3000 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 5000 CLEAN RIVER PARTNERS 205 WATER STREET SOUTH SUITE 1 NORTHFIELD MN 55057 PC OPERATING 5000 COMMITTEE AGAINST DOMESTIC ABUSE INC (CADA) PO BOX 466 MANKATO MN 56002 PC OPERATING 10000 COMMUNITY WAREHOUSE 3969 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 PC OPERATING 10000 EMERGENCY COMMUNITY HELP ORGANIZATION (ECHO) PO BOX 3212 1014 SOUTH FRONT STREET MANKATO MN 56002 PC OPERATING 5000 FEEDING OUR COMMUNITIES PARTNERS PO BOX 5275 MANKATO MN 56002 PC BACKPACK FOOD PROGRAM 10000 FORT LEWIS COLLEGE FOUNDATION 1000 RIM DRIVE DURANGO CO 81301 PC OPERATING 10000 FREE GEEK 1731 SE 10TH AVE PORTLAND OR 97214 PC OPERATING 2000 FRESH ENERGY 408 SAINT PETER STREET SUITE 220 ST PAUL MN 55102 PC OPERATING 10000 FRIENDS OF SATURDAY ACADEMY 5000 N WILLAMETTE BLVD PORTLAND OR 97203 PC DAYS OFF PROGRAM SUPPORT 5000 FRIENDS OF THE HENNEPIN COUNTY LIBRARY 300 NICOLLET MALL SUITE N-290 MINNEAPOLIS MN 55401 PC LET'S READ AND HOMEWORK HELP PROGRAMS ($22,000) 22000 GIVING VOICE INITIATIVE 7801 EAST BUSH LAKE ROAD 120 BLOOMINGTON MN 55439 PC OPERATING 7500 GREATER MANKATO AREA UNITED WAY INC 127 S 2ND STREET SUITE 190 MANKATO MN 56001 PC 4TH GRADE BOOK PROJECT ($24,000), KINDNESS BOOTH PROJECT ($2,500), GENERAL OPERATION ($20,000) 46500 GREATER MANKATO GROWTH 3 CIVIC CENTER PLAZA SUITE 100 MANKATO MN 56001 PC CEO MENTOR PROGRAM ($5,000)/GROWTH PLEDGE ($3,000) 8000 JUNGLE THEATER 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 LIVING EARTH CENTER 1603 N RIVERFRONT DR MANKATO MN 56001 PC OPERATING 5000 MANKATO AREA FOUNDATION 212 E WALNUT STREET MANKATO MN 56001 PC COMMUNITY IMPACT FUND($20,000); RECHARGE MANKATO FUND ($8,000) 28000 MANKATO YOUTH PLACE INC (MY PLACE) 709 S BROAD ST MANKATO MN 56001 PC OPERATING 10000 MEALS ON WHEELS PEOPLE INC 7710 SW 31ST AVENUE PORTLAND OR 97219 PC OPERATING 20000 MINNEAPOLIS AMERICAN INDIAN CENTER 1530 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55404 PC OPERATING 20000 MINNESOTA ENGAGEMENT ON SHELTER & HOUSING 740 EAST 17TH ST MINNEAPOLIS MN 55404 PC DIRECTOR'S COUNCIL/WHITE EARTH PROJECT 15000 MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED 224 ALUMNI FOUNDATION CENTER MANKATO MN 56001 PC STUDENT SCHOLARSHIPS ($1,000); AUTOMOTIVE TECHNOLOGY ($5,000); THEATRE ($2,500) 8500 MULTNOMAH ARTS CENTER ASSOCIATION 7688 SW CAPITOL HWY PORTLAND OR 97219 SO I ARTS IN THE PARKS 7500 NATIONAL ALLIANCE ON MENTAL ILLNESS 01 WILSON BLVD SUITE 3000 ARLINGTON VA 22203 PC OPERATING 7500 NEIGHBORHOOD HOUSE INC 7780 SW CAPITOL HWY PORTLAND OR 97219 PC OPERATING 5000 OFF THE BLUE COUCH 3119 IRVING AVENUE NORTH MINNEAPOLIS MN 55411 PC OPERATING 2500 OREGON FOOD BANK INC 7900 NE 33RD DRIVE PORTLAND OR 97211 PC OPERATING 20000 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 - SCIENCE AND ENVIRONMENT 10000 OREGON WILDLIFE FOUNDATION 2337 NW YORK ST 201C PORTLAND OR 97210 PC WANAKET WILDLIFE CROSSING PROJECT 20000 PEAR 338 NW 6TH AVE PORTLAND OR 97209 PC OPERATING 15000 PATH HOME (FORMERLY PHFS) 6220 SE 92ND AVE PORTLAND OR 97266 PC GENERAL OPERATING ($10,000); PREVENTION PROGRAM ($20,000) 30000 PEOPLE SERVING PEOPLE INC 614 3RD STREET S MINNEAPOLIS MN 55415 PC OPERATING 20000 PLANNED PARENTHOOD COLUMBIA WILLAMETTE 3727 NE MARTIN LUTHER KING JR BLVD PORTLAND OR 97212 PC OPERATING 15000 PLANNED PARENTHOOD NORTH CENTRAL STATES 671 VANDALIA ST ST PAUL MN 55114 PC METRO TEEN COUNCIL 20000 PLAYWRIGHTS' CENTER 2301 EAST FRANKLIN AVENUE MINNEAPOLIS MN 55406 PC CAMPAIGN FOR ALL NARRATIVES 10000 RECHARGE AMERICA INC 88 DOMINGA AVE FAIRFAX CA 94930 PC AMERICA, MINNESOTA, MANKATO 90000 RIVERLAND COMMUNITY COLLEGE FOUNDATION 1900 EIGHTH AVENUE NORTHWEST AUSTIN MN 55912 PC SCHOLARSHIPS ($1,000); THEATER ($2,500) 3500 SECOND HARVEST HEARTLAND 7101 WINNETKA AVE NORTH BROOKLYN PARK MN 55428 PC OPERATING 7500 ST OLAF COLLEGE 1520 ST OLAF AVENUE NORTHFIELD MN 55067 PC SCHOLARSHIP FUND 60000 STEGER CENTER FOR INNOVATION & LEADERSHIP 2008 PORTLAND AVENUE ST PAUL MN 55104 PC OPERATING 15000 THE ADVOCATES FOR HUMAN RIGHTS 330 SECOND AVENUE SOUTH SUITE 800 MINNEAPOLIS MN 55401 PC UN TRAINING COSTS ($3,000), OPERATIONS ($37,500), ACT NOW CAMPAIGN ($12,500) 53000 THE HISTORY THEATRE INC 30 E 10TH ST ST PAUL MN 55101 PC OPERATING 7500 THE LIBRARY FOUNDATION INC 620 SW FIFTH AVENUE SUITE 1025 PORTLAND OR 97204 PC SUMMER READING AND EARLY LEARNING PLAYSPACES 30000 UNIVERSITY OF MINNESOTA FOUNDATION 200 OAK STREET SE MINNEAPOLIS MN 55455 PC RAPTOR CENTER FUND 10000 UNIVERSITY OF WISCONSIN 1848 UNIVERSITY AVENUE MADISON WI 53726 PC NELSON INSTITUTE, ACADEMIC PROGRAM OFFICE AND CARNIVORE COEXISTENCE LAB 15000 WOMEN'S ADVOCATES PO BOX 4039 ST PAUL MN 55104 PC BREAK THE CYCLE ($2,500), OPERATING ($750) 3250 WORLD WILDLIFE FUND INC (WWF) 1250 24TH ST NW WASHINGTON DC 20037 PC OPERATING ($100,000) 100000 JESSICA MEHTA 1181 NW JACKSON STREET HILLSBORO OR 97124 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 2500 LOGAN GARNER 1475 SE 12TH PL WARRENTON OR 97146 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 2500 DANIEL DIETZ 2711 MALIBU WAY EUGENE OR 97405 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 2458 HOLLY HISAMOTO 7020 NORTHEAST STANTON STREET PORTLAND OR 97213 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 1620 MELODY ERFANI 6915 SE 22ND AVE PORTLAND OR 97202 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 2500 TESS KELLY 5324 NE AINSWORTH STREET PORTLAND OR 97218 NONE I LODGING, REGISTRATION FEE, AND MEALS FOR WRITING RESIDENCY 2410 926738 0 14 79486 14 640826 18 1278266 0 1998578 0 1998578 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 15746 0 15746 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 2025. IN 2025, THE FOUNDATION CONTINUED ITS WORK IN THE ENVIRONMENTAL AREA TO ADVANCE ITS INITIATIVE OF CARBON REDUCTION AND CLEAN ENERGY. LED BY BOARD MEMBER/OFFICER JON OLSETH, THE 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. RECHARGE MINNESOTA, A BRANCH OF RECHARGE AMERICA THAT IS FOCUSED ON EV ADOPTION IN THE STATE OF MINNESOTA, HAS CONTINUED TO BUILD MOMENTUM AND EXPAND EACH YEAR WITH THE FOUNDATION'S ACTIVE SUPPORT. IN 2025, RECHARGE MINNESOTA SPONSORED NUMEROUS LOCAL COMMUNITY AND INDUSTRY EVENTS WITH THE GOAL OF INTRODUCING COMMUNITIES AND BUSINESSES TO THE ECONOMIC AND ENVIRONMENTAL BENEFITS OF EVS. FOR EXAMPLE, RECHARGE MINNESOTA ORGANIZED A MINNESOTA ENERGY INNOVATION SUMMIT AT THE UNIVERSITY OF MINNESOTA, PROVIDING ATTENDEES WITH A DAY OF CUTTING-EDGE TECHNOLOGY, INSIGHTFUL PRESENTATIONS, AND INVALUABLE NETWORKING OPPORTUNITIES WITH THE LEADERS DRIVING MINNESOTA'S ENERGY AND ELECTRIFICATION FUTURE. RECHARGE MINNESOTA ALSO HOSTED THE 2025 ENVIRONMENTAL INITIATIVE AWARDS, AN ANNUAL RECOGNITION PROGRAM THAT CELEBRATES PEOPLE AND PROJECTS WORKING IN PARTNERSHIP AT THE NEXUS OF A HEALTHY ENVIRONMENT, A PROSPEROUS ECONOMY, AND AN EQUITABLE SOCIETY. IN 2025, THE RECHARGE AMERICA/RECHARGE MINNESOTA TEAM CONTINUED TO DEVELOP PLANS FOR REGIONAL RECOGNITION PROGRAMS ACKNOWLEDGING THE WORK OF LOCAL GOVERNMENT, LOCAL BUSINESSES, AND COMMUNITY PARTNERS IN FOSTERING EV ADOPTION. BOARD MEMBER/OFFICER CHERYL OLSETH CONTINUED TO LEAD THE FOUNDATION'S INVOLVEMENT IN SUPPORT OF INTERNATIONAL HUMAN RIGHTS. AS A BOARD MEMBER OF THE ADVOCATES FOR HUMAN RIGHTS, SHE HOSTED LOCAL EVENTS TO PROMOTE THE PROGRAMS OF THE ADVOCATES FOR HUMAN RIGHTS. SHE ALSO TRAVELED TO GENEVA, SWITZERLAND WITH A SELECT GROUP OF DELEGATES TO ADVOCATE FOR HUMAN RIGHTS PROTECTIONS AT THE UNITED NATIONS. IN 2025, CHERYL OLSETH ALSO FURTHERED THE FOUNDATION'S ENVIRONMENTAL INITIATIVES BY CONTINUING HER ROLE AS CHAIR OF THE WORLD WILDLIFE FUND (WWF) NORTHERN GREAT PLAINS COMMITTEE. LED BY BOARD MEMBER/OFFICER KAREN SOLOMON, THE FOUNDATION LAUNCHED A NEW WRITING RESIDENCY PROGRAM IN 2025. THIS PROGRAM OFFERS WRITERS THE OPPORTUNITY TO FINISH A MAJOR PROJECT (E.G., NOVEL, SHORT STORY, COLLECTION OF POETRY) OR ATTEND A WRITER'S WORKSHOP IN A PLACE OF THEIR CHOOSING. THE PURPOSE OF THE RESIDENCY IS TO PROVIDE OREGON WRITERS WITH A CHANCE TO ENHANCE THEIR SKILLS AS A WRITER AND/OR FINISH A MAJOR WRITING PROJECT. IN 2025, THE FOUNDATION MADE GRANTS TO SIX INDIVIDUAL WRITERS FOR LODGING, REGISTRATION FEES AT A WRITERS' RETREAT, AND A DAILY STIPEND FOR MEALS.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, THE ADVOCATES FOR HUMAN RIGHTS, AND RECHARGE AMERICA. IN PARTNERSHIP WITH THEIR GRANTEES, THEY DEVELOP CONTENT ON ELECTRIC VEHICLE USE, FOOD INSECURITY, HUMAN RIGHTS, 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. THE OLSETH FOUNDATION CONTINUES TO STREAMLINE 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. DEER PARK TOTAL RETURN CREDIT 761376 729207 JP MORGAN STRATEGIC INCOME OPPS 1362461 1358941 MCDONALDS 111265 111395 T MOBILE HYBRID PREFERRED 182656 191432 BLACKSTONE PRIVATE CREDIT 49130 49125 ORACLE CORP 190900 190776 AT&T INC 156194 156669 PHILLIPS 66 40386 39836 APPLE INC 269613 3000322 BANK OF MONTREAL 110474 266238 BERKSHIRE HATHAWAY INC DEL CL B 259556 1005300 BROWN ADVISORY SUSTAINABLE GROWTH FUND INST CLASS 909938 1908643 ECOLAB 110596 197833 MEDTRONIC PLC COM 315502 397537 MFS SER TR X INTERNATIONAL DIVERSIFICATION FUND CL I 1568593 2613448 NVENT ELECTRIC PLC ORDINARY SHARES 42546 255941 PENTAIR PLC SHS 83208 261593 TORO CO 100157 240165 TOUCHSTONE MID CAP FUND GROUP TR MID CAP FD Y 476781 1046016 TOUCHSTONE STRATEGIC TR GLOBAL ESG EQUITY FUND CLASS Y 1104519 1636469 NVIDIA CORP 95209 186531 0 0 1078031 1097711 CITIGROUP INC AT COST 100091 100091 DWS RREEF REAL ASSETS FUND INST AT COST 807954 1045914 FIRST EAGLE GLOBAL FUND CL I AT COST 1277912 1859929 PACER US CASH COW 100 ETF AT COST 657908 910106 PACER US SMALL CAP CASH COW ETF AT COST 404545 513141 THORNBURG INVT TR INVT INCOME BUILDER FD CL I AT COST 1451830 2319999 VANGUARD INDEX FUNDS HIGH DIVIDEND YIELD ETF AT COST 181436 219414 VANGUARD INDEX FUNDS VANGUARD GROWTH ETF AT COST 280606 1223590 VANGUARD INDEX FUNDS VANGUARD MIDCAP ETF AT COST 150077 366868 VANGUARD INDEX FUNDS VANGUARD SMALLCAP ETF AT COST 278327 651329 VANGUARD SPECIALIZED FUNDS VANGUARD DIVIDEND APPRECIATION ETF AT COST 234203 667432 JP MORGAN NASADAQ EQUITY PREMIUM INCOME ETF AT COST 239262 250278 PROSHARESS&P HIGH INCOME ETF AT COST 227542 242285 GLOBAL X FUNDS INTELLIGENCE & TECHNOLOGY ETF AT COST 193727 254584 BLACKROCK ETF FLEXIBLE INCOME AT COST 950395 955458 FIDELITY ADVISORS MORTGAGE SECURITIES FUND AT COST 773465 787350 THORNBURG INCOME BLDR OPPORTUNITIES TR COM STOCK AT COST 181767 203116 COST BASIS ADJUSTMENT 23 DUES & SUBSCRIPTIONS 1164 0 1164 EVENT EXPENSE 524 0 524 LEGAL AND ADVISORY SERVICES 82260 0 82260 RBC MANAGEMENT FEES 171090 171090 0 RBC INVESTMENT FEES 219 219 0 PROFESSIONAL FEES - WEB 1875 0 1875 FOREIGN TAX PAID 1390 13336 0 FEDERAL PAYMENTS 12000 0 0