2025-11-03T15:49:01-06:00 2024-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990PF 2024-01-01 363608625 Better Way Foundation BETT 6124402500 60 South 6th St Ste 2950 Minneapolis MN 55402 Kristen Grubb Tax Officer 6124402500 2025-11-03 1 1 Deb Nelson CPA P01264758 6122536500 2025-11-06 2024 2025-03-06 01:10:19Z X 68241965 X X 530021 530021 -156072 565914 991050 1323219 1364999 2419154 0 0 0 973 0 973 25860 0 25728 724367 59373 667051 130183 1250 0 34281 578 33703 73978 1033573 42009 989642 1094774 769464 2015000 2695000 3004642 1094774 3464464 -1639643 1324380 2376167 2773708 2773708 43609 31647 43609 43609 3723 3946 3946 15133914 17902551 17902551 48195963 45018151 45018151 2500000 2500000 2500000 68241414 68241965 68241965 162959 208034 2085000 1405000 2247959 1613034 X 0 0 0 0 65993455 66628931 65993455 66628931 68241414 68241965 65993455 -1639643 2275119 66628931 0 66628931 Capital Gain/Loss From Partnerships P 47538 47538 47538 Capital Gain/Loss From Partnerships P 674448 674448 674448 Publicly Traded Securities 156072 -156072 -156072 565914 18409 0 18409 0 18409 55796 0 0 0 55796 0 37387 37387 0 0 0 0 0 0 0 0 0 1 1 0 1 1 MN 1 0 0 0 0 1 N/A Tax Officer 6124402500 Suite 2950 60 South 6th Street Minneapolis MN 55402 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 Nicholas Banovetz Suite 2950 60 South 6th Street Minneapolis MN 55402 Vice President 40.00 202965 52563 0 Kristen Grubb Suite 2950 60 South 6th Street Minneapolis MN 55402 Tax Officer 6.00 13333 2403 0 Karen Rauenhorst Suite 2950 60 South 6th Street Minneapolis MN 55402 Chair/President 1.00 0 0 0 Judy Rauenhorst Doerr Suite 2950 60 South 6th Street Minneapolis MN 55402 Chair-elect 1.00 0 0 0 Janine Geske Suite 2950 60 South 6th Street Minneapolis MN 55402 Vice Chair/Secretary 1.00 0 0 0 Stephanie Russell Suite 2950 60 South 6th Street Minneapolis MN 55402 Treasurer 1.00 0 0 0 Anita Fineday Suite 2950 60 South 6th Street Minneapolis MN 55402 Director 1.00 0 0 0 Cary Buzzelli Suite 2950 60 South 6th Street Minneapolis MN 55402 Director 1.00 0 0 0 Gia Rauenhorst Suite 2950 60 South 6th Street Minneapolis MN 55402 Director 1.00 0 0 0 Shamsia Ramadhan Suite 2950 60 South 6th Street Minneapolis MN 55402 Director 1.00 0 0 0 Tarajean Yazzie-Mintz Suite 2950 60 South 6th Street Minneapolis MN 55402 Director 1.00 0 0 0 NONE 0 GHR Foundation 60 South Sixth Street Ste 2950 Minneapolis MN 55402 Management and Philanthropy Services 576883 Adler Management LLC 10350 Bren Road West Minnetonka MN 55343 Accounting/Investment Services 57500 0 0 30477885 2553693 33595042 66626620 0 0 66626620 999399 65627221 3281361 3281361 18409 43593 62002 3219359 0 3219359 0 3219359 3464464 0 3464464 3219359 0 0 388706 388706 3464464 0 0 0 3219359 245105 0 0 633811 0 0 0 0 0 0 0 633811 388706 245105 X Aim Higher Foundation 2610 University Avenue W Suite 525 St Paul MN 55114 None PC General Operations 5000 Amani Girls Home POBox 5073 Mwanza TZ None PC - Equivalency Transition Grant - AGH 100000 Brazelton Touchpoints Center 1295 Boylston St Suite 320 Boston MA 02215 None PC Indigenous Early Learning Collaborative 15000 Catholic Climate Covenant 415 Michigan Avenue NE Suite 260 Washington DC DC 20017 None PC General Operations 5000 Chief Seattle Club 410 Second Ave Extension S Seattle WA 98104 None PC General Operations 5000 Comanche Language and Cultural Preservation Committee PO Box 908 c/o CN Language Dept Lawton OK 73502 None PC Building the Capacity of CLCPC 100000 De La Salle Blackfeet School 104 1st Street NW Browning MT 59417 None PC Little Flower Academy Initiative 50000 Denver Indian Center 4407 Morrison Road Denver CO 80219 None PC Honoring Fatherhood Project 5000 Farm to Family Fund PO Box 1771 Bloomington IN 47402 None PC General Operations 5000 Hearts Gathered PO BOX 767 Omak WA 98841 None PC Building for the Future 150000 House of Champions 2066 West 47th Street Cleveland OH 44102 None PC General Operations 5000 Keres Children's Learning Center PO Box 113 Cochiti Pueblo NM 87072 None PC Indigenous Montessori Institute Strategic Growth Phase 100000 Lower Sioux Indian Community PO Box 308 39527 Reservation Highway 1 Morton MN 56270 None GOV Transition Grant - Lower Sioux 160000 Mama's Hope Organization for Legal Assistance PO Box 1240 Hanyama Chember in Hamugembe ward Kagera TZ 255 None PC - Equivalency Transition Grant - MHOLA 100000 Mashpee Wampanoag Tribe 483 Great Neck Road South Mashpee MA 02649 None GOV Cultural Curriculum for Weetumuw School and Beyond! 200000 Montessori American Indian Childcare Center 1909 Ivy Avenue E St Paul MN 55119 None PC Relocation & Renovation Request 25000 Montessori American Indian Childcare Center 1909 Ivy Avenue E St Paul MN 55119 None PC Relocation & Renovation Request 25000 Montessori American Indian Childcare Center 1909 Ivy Avenue E St Paul MN 55119 None PC Continuity, Growth & Vision 100000 Mount Mary University 2900 North Menomonee River Parkway Milwaukee WI 532224597 None PC General Operations 15000 NACA-Inspired Schools Network 924 Park Avenue SW Suite C Albuquerque NM 871023023 None PC Expanding professional development & IECD programming 100000 Northern Star Council 6202 Bloomington Road Fort Snelling MN 55111 None PC General Operations 5000 Oceti Sakowin Community Academy 408 Knollwood Drive Rapid City SD 57701 None PC Innovative Approaches to Teaching and Community-based Indigenous Education 150000 Red Cloud Indian School 100 Mission Drive Pine Ridge SD 57770 None PC General Operations 15000 Red Cloud Indian School 100 Mission Drive Pine Ridge SD 57770 None PC Truth & Healing Project - Part II 100000 Saad K'idilye 9315 Candelaria Rd NE Albuquerque NM 87120 None PC Caretaker Language Apprentice Program 75000 Saint Clare's Tahoe A Mountain Montessori School 701 Mt Rose Hwy Incline Village NV 89451 None PC General Operations 15000 Sojourner Family Peace Center 619 W Walnut St Milwaukee WI 53212 None PC General Operations 5000 St Anthony Indian Mission 11 St Anthony Dr PO Box 486 Zuni NM 87327 None PC Zuni Language & Culture Project 2024-2025 30000 St Augustine Indian Mission PO Box 766 705 South Mission Drive Winnebago NE 68071 None PC Community and Family Engagement and Healing 30000 St Charles Catholic School PO Box 339 San Carlos AZ 85550 None PC Apache Language and Cultural Program 2024-2025 30000 St Joseph Mission School PO Box 370 26 School Road San Fidel NM 87049 None PC Shaping the Future of Indigenous Early Learning 80000 St Mary's Mission School 15341 St Marys Mission Rd Red Lake MN 56671 None PC Expanding Donor Base and Increasing Donations Launch 30000 Tanzania Early Childhood Development Network PO Box 4104 Dodoma TZ 411015 None NC/Expenditure Respo Transition Grant - TECDEN 100000 Tanzania Home Economics Association Nyegezi - Masunu Street PO Box 11242 Mwanza TZ 255 None PC - Equivalency Transition Grant - TAHEA 100000 TeamLift Inc 2020 NE Multnomah St Apt 302 Portland OR 97232 None PC General Operations 15000 TeamLift Inc 2020 NE Multnomah St Apt 302 Portland OR 97232 None PC General Operations 5000 The Cathedral Center 845 N Van Buren Streent Milwaukee WI 53202 None PC General Operations 5000 Thunder Valley Community Development Corporation 290 Empowerment Drive Porcupine SD 57772 None PC Transition Grant - Thunder Valley CDC 120000 Tumaini Letu PO Box 278 Muleba 2Box 278 Muleba Bukoba TZ 255 None NC/Expenditure Respo Transition Grant - Tumaini Letu 100000 University of Notre Dame 400 Main Building Notre Dame IN 46556 None PC American Indian Catholic Schools Network (AICSN) Support 2020-2024 185000 University of Notre Dame 400 Main Building Notre Dame IN 46556 None PC American Indian Catholic Schools Network 5000 University of Notre Dame 400 Main Building Notre Dame IN 46556 None PC General Operations 10000 Wicoie Nandagikendan 1308 E Franklin Avenue Suite 126 Minneapolis MN 55404 None PC Growing Wicoie Nandagikendan's Capacity for Continued Growth 100000 Wicoie Nandagikendan 1308 E Franklin Avenue Suite 126 Minneapolis MN 55404 None PC Growing Wicoie Nandagikendan's Capacity for Continued Growth 100000 Zaman International (Hope for Humanity) 26091 Trowbridge St Inkster MI 48141 None PC BOOST: Skills Training 15000 2695000 Mashpee Wampanoag Tribe 483 Great Neck Road South Mashpee MA 02649 None GOV Cultural Curriculum for Weetumuw School and Beyond! 325000 Oceti Sakowin Community Academy 408 Knollwood Drive Rapid City SD 57701 None PC Innovative Approaches to Teaching and Community-based Indigenous Education 300000 St Augustine Indian Mission PO Box 766 705 South Mission Drive Winnebago NE 68071 None PC Community and Family Engagement and Healing 30000 St Joseph Mission School PO Box 370 26 School Road San Fidel NM 87049 None PC Shaping the Future of Indigenous Early Learning 80000 Thunder Valley Community Development Corporation 290 Empowerment Drive Porcupine SD 57772 None PC Transition Grant - Thunder Valley CDC 120000 855000 14 530021 525990 339121 18 651929 18 -156072 339121 1025878 0 1364999 0 0 0 0 0 0 0 0 0 0 Accounting Fees 25860 0 25728 Tanzania Early Childhood Development Network Box 14658 Dodoma TZ 411015 2023-01-25 100000 Transition Grant - TECDEN 100000 None 2/25/2025 Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). Tanzania Early Childhood Development Network PO Box 4104 Dodoma TZ 411015 2024-01-10 100000 Transition Grant - TECDEN 100000 None 2/25/2025 Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). Tumaini Letu PO Box 278 Muleba Bukoba TZ 255 2024-01-24 100000 Transition Grant - Tumaini Letu 100000 None 11/29/2024 Better Way Foundation reviewed the Grant Report noted above but did not undertake any verification of the grantee's reports as there has not been any reason to doubt their accuracy or reliability (Reg. 53.4945-5(c)). Form 990-PF, Part VII, Line 1: Compensation reported on Form 990-PF, Part VII, for Nicholas Banovetz and Kristen Grubb represents compensation paid by GHR Foundation, an unrelated organization, for services provided to Better Way Foundation. Better Way Foundation has an agreement with GHR Foundation for management and philanthropy services. The total amount paid to GHR Foundation during 2024 was $576,883. Aperio Equities 17902551 17902551 ISHARES CORE US AGGREGATE BOND ETF FMV 10455861 10455861 Vanguard Total Bond Market Index Fund FMV 2814005 2814005 Siguler Guff Small Business Credit Impact Fund, LP FMV 343654 343654 Carlyle Europe Parts II, L.P. FMV 9204 9204 CIS Catholic Impact Fund II, LP FMV 1417013 1417013 CF Private Equity Environmental Solutions Partners II, LP FMV 112095 112095 Adler Asian Private Eqty, LLC FMV 19119 19119 Adler CPV, LLC FMV 31222 31222 Adler Energy Infrastr III, LLC FMV 6472 6472 Adler Energy Infrastr IV, LLC FMV 2499 2499 Adler New Euro Priv Eqty, LLC FMV 21846 21846 Adler Opportunistic Debt, LLC FMV 1284 1284 Adler Energy Finance, LLC FMV 7178 7178 Adler Opportunistic Debt II, L FMV 930575 930575 Adler CPVI, LLC FMV 176005 176005 Adler Energy Infrastr V, LLC FMV 39800 39800 Adler Health Partners III, LLC FMV 1999046 1999046 Adler Small Buyout Fund, LLC FMV 329427 329427 Adler Trans Recovery Fd, LLC FMV 26821 26821 Adler Co-invest Opp Fd, LLC FMV 198168 198168 Adler NGP XI, LLC FMV 523831 523831 Adler Energy Finance II, LLC FMV 62608 62608 Adler Opportunistic Debt III FMV 676512 676512 Adler SG Small Buyout Fund III FMV 698436 698436 Adler Cinven VI, LLC FMV 384731 384731 Adler MPE Fund II, LLC FMV 805616 805616 Adler Southfield II, LLC FMV 2961541 2961541 Adler Health Partners IV, LLC FMV 1909698 1909698 Adler Frontenac XI, LLC FMV 2903883 2903883 Adler 2018 Alternative Investments, LLC FMV 3503898 3503898 Adler 2019 Alternative Investments, LLC FMV 5717673 5717673 Adler Panco Fund IV, LLC FMV 1392406 1392406 Adler 2020 Alternative Investments, LLC FMV 3329100 3329100 Adler 2022 Alternative Investments, LLC FMV 1206924 1206924 Legal Fees 973 0 973 PRI 2500000 2500000 2500000 Dues and Subscriptions 5547 2200 3347 Bank Fees 29992 29992 0 Miscellaneous 3487 0 3487 Pass-Through Portfolio Deductions 0 1001381 0 Professional Development 9582 0 9582 Insurance 64 0 64 Communications 25306 0 25529 Allocated Partnership Income 991050 0 991050 Allocated Partnership Income 1323219 Unrealized Gain/(Loss) 2275119 Program Fees 522321 0 522806 Consulting Fees 112471 0 99229 Investment Management Fees 59373 59373 0 Grants Management Fee 30202 0 45016 Excise Tax 130183 0 0 Foreign Tax 0 1250 0