2024-11-13T10:37:04-06:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990PF 2023-01-01 274817621 LESLYE H PHILLIPS FAMILY FOUNDATION LESL 3127323147 18332 MINNETONKA BLVD WAYZATA MN 55391 LESLYE HUTTON PHILLIPS PRESIDENT & TREASURER 3127323147 2024-11-04 1 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-11-04 2023 2024-10-15 13:58:12Z X 8231141 X X 168524 168524 -26408 2546946 0 142116 168524 0 0 0 5457 1091 4366 6000 1200 4800 55068 55068 0 10336 5336 0 14755 0 0 91616 62695 9166 382388 382388 474004 62695 391554 -331888 105829 2162415 347803 347803 3099223 4079063 5771783 1084204 1313195 1330820 449139 783043 780735 6794981 6523104 8231141 0 0 X 6794981 6523104 0 0 0 0 6794981 6523104 6794981 6523104 6794981 -331888 60011 6523104 0 6523104 PUBLICLY TRADED SECURITIES 2546946 2573354 -26408 -26408 -26408 1471 0 1471 0 1471 9268 0 0 0 9268 X 0 7797 7797 0 0 0 0 0 0 0 0 0 0 0 1 1 MN 1 0 0 0 0 1 N/A THE ORGANIZATION 3127323147 18332 MINNETONKA BLVD WAYZATA MN 55391 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 LESLYE HUTTON PHILLIPS 150 S FIFTH ST STE 2300 MINNEAPOLIS MN 55402 PRESIDENT/TREASURER 1.00 0 0 0 ELIZABETH FITZPATRICK 150 S FIFTH ST STE 2300 MINNEAPOLIS MN 55402 VP/SECRETARY 1.00 0 0 0 LAURA E HALFERTY 150 S FIFTH ST STE 2300 MINNEAPOLIS MN 55402 DIRECTOR 1.00 0 0 0 NONE 0 NONE 0 0 6728789 542455 0 7271244 0 0 7271244 109069 7162175 358109 358109 1471 1471 356638 0 356638 0 356638 391554 0 391554 356638 390759 0 0 391554 390759 0 0 795 0 0 0 0 0 0 0 0 355843 0 0 0 X THE PARACHUTE FOUNDATION 6110 BLUE CIRCLE DR STE 280 MINNETONKA MN 55343 N/A PC PROGRAM SUPPORT 160000 BY THE GRACE OF GOD 47152 EL MENARA CIR PALM DESERT CA 92260 N/A PC PROGRAM SUPPORT 140000 MISSION ANIMAL HOSPITAL 10100 VIKING DR STE 150 EDEN PRAIRIE MN 55344 N/A PC PROGRAM SUPPORT 50000 FOLDS OF HONOR FOUNDATION MINNESOTA INC 372 FERNDALE ROAD SOUTH WAYZATA MN 55391 N/A PC PROGRAM SUPPORT 13588 UNIVERSITY OF CHICAGO MEDICINE 5841 S MARYLAND AVE CHICAGO IL 60637 N/A PC PROGRAM SUPPORT 10000 THE TRILOGY FOUNDATION 303 N HURSTBOURNE PKWY STE 200 LOUISVILLE KY 40222 N/A PC PROGRAM SUPPORT 5000 SO OTHERS MAY LEARN 5137 QUEEN AVE S MINNEAPOLIS MN 55410 N/A PC PROGRAM SUPPORT 3800 382388 0 14 168524 14 18 -26408 0 142116 0 142116 0 0 0 0 0 0 0 0 0 0 ACCOUNTING FEES 6000 1200 4800 THE FOUNDATION IS ELECTING TO APPLY CURRENT YEAR EXCESS QUALIFYING DISTRIBUTIONS TO PRIOR YEARS. THE FOUNDATION DISCOVERED THAT THEY HAD UNDER DISTRIBUTED FOR TAX YEAR 2019. AS SUCH THE FOUNDATION MADE A DISTRIBUTION OF $50,000 IN JANUARY OF 2020 TO COVER THE REMAINING DEFICIT OF THE REQUIRED MINIMUM DISTRIBUTION CALCULATED ON THE 2019 990-PF. THE FOUNDATION MADE A GRANT IN AUGUST OF 2019 THAT WAS THEN VOIDED AND MISTAKENLY CALCULATED THEIR REMAINING DISTRIBUTIONS NECESSARY WITH THAT GRANT FACTORED IN. AS A RESULT OF THE ERROR, THEY WERE UNDER DISTRIBUTED FOR 2019. PURSUANT TO IRC SECTION 4942(A)(2), THE FOUNDATION ASSERTS THE ERROR WAS NOT WILLFUL AND WAS DUE TO REASONABLE CAUSE AS DESCRIBED ABOVE AND THE CORRECTION WAS MADE WITHIN 90 DAYS OF BOTH YEAR-END AND UNDERSTANDING OF THE ERROR. US TREASURY NOTE 288680 298938 COMCAST CORP 49476 49729 PARKER HANNIFIN CORP 49196 49521 PACCAR FINANCIAL CORP 48151 49000 CHARLES SCHWAB CORP 49208 49041 GOLDMAN SACHS GROUP INC 48815 48970 TYSON FOOD INC 49156 49027 HEWLETT PACKARD ENTERPRISE CO SR NT 45609 46546 AMERICAN EXPRESS CO 46309 46841 VERIZON COMMUNICATIONS 48164 49265 KROGER CO 48480 48373 TOYOTA MOTOR CREDIT CORP 47215 47678 INTEL CORP SR NT 49646 50834 STARBUCKS CORP 48964 49237 ROYAL BK CDA 48330 48982 SHELL INTERNATIONAL INC 47796 48192 LOOMIS SAYLES STRATEGIC ALPHA N 300000 300646 FIDELITY 500 INDEX FUND 503131 795268 FIDELITY INTL INDX-INST PRM 816613 850132 SPDR S&P 500 ETF 905832 2173593 ISHARES RUSSELL MID CAP - IWR ETF 882957 949083 ISHARES CORE S P SMALL CAP -IJR ETF 371637 400309 ISHARES CORE MSCI EAFE - IEFA ETF 142719 151112 ISHARES CORE MSCI EMERGING MKTS - IEMG ETF 456174 452286 KKR EUROPEAN FUND III PRIVATE INVESTORS OFFSHORE AT COST 12801 12277 HIGHBRIDGE STRATEGIC CREDIT FUND AT COST 149231 146390 WP GROWTH PRIVATE INVESTORS AT COST 306455 303530 VANGUARD REAL ESTATE - VNQ ETF AT COST 314556 318538 LEGAL FEES 5457 1091 4366 MISCELLANEOUS EXPENSES 12473 0 0 INVESTMENT PARTNERSHIPS EXPENSES 2282 0 0 ALTERNATIVE INVESTMENT UNREALIZED GAIN 60011 INVESTMENT MANAGEMENT FEES 55068 55068 0 FOREIGN TAXES 5336 5336 0 FEDERAL TAXES 5000 0 0