2025-04-22T12:24:44-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-01-01 814476503 VENN FOUNDATION VENN 6125683204 1900 BOHLAND AVENUE SAINT PAUL MN 55116 JEFF OCHS PRESIDENT & CEO 6125683204 2025-04-21 1 0 KIMBERLY ANDERSON P00188889 6086628600 2025-04-21 2024 2025-03-06 01:10:19Z JEFF OCHS 1900 BOHLAND AVENUE SAINT PAUL MN 55116 7088292 0 X WWW.VENNFOUNDATION.ORG X 2016 MN TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 9 8 4 14 0 0 3844580 6496346 578514 517944 45756 74002 0 0 4468850 7088292 395902 394995 0 0 205118 228076 0 0 55449 5441336 1225356 6042356 1848427 -1573506 5239865 14009571 19207391 1279927 1488547 12729644 17718844 TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS TO ACHIEVE CHARITABLE IMPACT. 0 0 1675171 394995 517944 VENN FOUNDATION (VENN) IS A NONPROFIT PUBLIC CHARITY ON A MISSION TO UNLEASH THE FULL POWER OF PROGRAM-RELATED INVESTMENTS(PRIS) TO ADVANCE CHARITABLE IMPACT. BY OPENING A SPECIAL DONOR-ADVISED FUND CALLED A VENN ACCOUNT, ANY INDIVIDUAL OR ORGANIZATION CAN RECOMMEND THAT THEIR CHARITABLE DOLLARS BE USED BY VENN TO MAKE PRIS. VENN CAN SYNDICATE ANY ONE PRI AMONG ANY NUMBER OF VENN ACCOUNTS. FINANCIAL RETURNS FROM THESE PRIS GO BACK TO PARTICIPATING ACCOUNTS PRO RATA FOR THE DONORS TO RECOMMEND REDEPLOYMENT INTO NEW PRIS OR GRANTS. OUR VISION IS TO CREATE A NEW CATEGORY OF FLEXIBLE, BELOW-MARKET-RATE CAPITAL THAT CAN BE DIRECTED CREATIVELY TO PROJECTS AND ORGANIZATIONS ACROSS ALL SECTORS THAT ARE HELPING ADVANCE CHARITABLE GOALS. 1675171 1 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA IL KS KY MA MD MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X JEFF OCHS 6125683204 1900 BOHLAND AVENUE SAINT PAUL MN 55116 JEFF OCHS PRESIDENT AND DIRECTOR 40.00 X X 108850 0 0 JACLYN SCHROEDER BOARD CHAIR 5.00 X X 0 0 0 WILLIAM BODNER BOARD TREASURER 5.00 X X 0 0 0 MILLIE ACAMOVIC DIRECTOR 5.00 X 0 0 0 MICHAEL DAI DIRECTOR 5.00 X 0 0 0 RAMYA RAUF DIRECTOR 5.00 X 0 0 0 SUSAN SANDS DIRECTOR 5.00 X 0 0 0 ROBERT SCARLETT DIRECTOR 5.00 X 0 0 0 JEANNE VOIGT DIRECTOR 5.00 X 0 0 0 108850 0 0 1 0 0 0 0 6496346 76405 6496346 PRI ACCRUED INTEREST 523000 295168 295168 PRI CLOSING FEES 523000 207651 207651 OTHER PROGRAM REVENUE 900099 15125 15125 517944 74002 74002 7088292 517944 0 74002 394995 394995 108850 32655 43540 32655 102751 81786 11500 9465 16475 8966 4253 3256 6730 1230 5500 14310 14310 8116 8116 21803 309 21398 96 600 600 1033 317 716 11098 11098 PROVISION FOR CREDIT LO 852271 852271 CONTRIBUTIONS FROM PRIS 297500 297500 MISCELLANEOUS 11895 5142 2276 4477 1848427 1675171 117807 55449 210315 415943 1574805 2156338 654365 784537 11099 9322 11558987 15841251 14009571 19207391 29927 38547 1250000 1450000 1279927 1488547 X 12579644 17618844 150000 100000 12729644 17718844 14009571 19207391 X 5239865 -250665 X X 0 1 X 1 0 X 2728268 5045894 8428904 3844580 6496346 26543992 2728268 5045894 8428904 3844580 6496346 26543992 14374574 12169418 6489 77 114 45756 74002 126438 26670430 1887013 0.45630 0.42860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 140 6465498 394995 18353707 1 1 0 BINARY BRIDGE, SBC 220043 C MINNESOTA CHILDREN'S MUSEUM 57978 C NETZRO, SBC 56385 C EMERGE ENTERPRISES 55556 C NEIGHBORHOOD DEVELOPMENT CENTER 335458 C BREATHE99, PBC 129825 C GOLDEN PATH SOLUTIONS, INC 50250 C YARDHOMESMN, SBC 379578 C ARCTARIS SADDLEBACK 2302407 C UMN - OSTEOSARCOMA 302500 C UMN - MALE CONTRACEPTION 345000 C MAA LOAN FUND - 2021 130173 C TECH DUMP 300000 C TRI-CONSTRUCTION 187687 C BETTER FUTURE FORWARD 400000 C VOICES OF EFFECTIVE CHANGE, GBC D/B/A LUTUNJI'S PALATE BAKERY & CAFE 109000 C PROSERVA, PBC 100000 C ACTARIS SADDLEBACK - WORKFORCE HOUSING 482870 C MAA LOAN FUND - 2022 414837 C KINDLY TECH, INC FOR FUTURE EQUITY 368191 C GLOBAL WATER FIRST, PBC 194640 C LIP ESTEEM, LLC 115000 C TAYLOR'D SKIN & CO ESTHESTICS BAR, LLC 158000 C J BENSON CONSTRUCTION, GBC 681131 C MAA LOAN FUND - 2023 254994 C APPLE TREE DENTAL 305000 C FAIR ANITA, SBC PRI #2 245112 C SANTA BARBARA NUTRIENTS, PBC 481625 C UMN - SKIN CANCER PREVENTION 20000 C UMN - ANTIMICROBIAL RESISTANCE 20000 C UMN - DISEASE SIR MODELS 20000 C MAA LOAN FUND - 2024 85268 C PROSERVA 244374 C AGITATED SOLUTIONS 150136 C CHEF JEFF 155000 C UMN - OSTEOSARCOMA 165500 C ST. JOHN'S LUTHERAN 700000 C ARCTARIS SADDLEBACK 3000000 C MY POWERPAK 200546 C UMN - ANTIMICROBIAL RESISTANCE 24500 C UMN - SOLID CANCER THERAPY 24500 C THE FAMILY PARTNERSHIP 601373 C REVEL GROUP 120000 C CLOSED LOOP FUND, LP 3492759 F ALLOWANCE FOR CREDIT LOSSES -2345945 C 15841251 X 6837627 -250665 -250665 7088292 0 7088292 1848427 0 1848427 0 1848427 PART X, LINE 2: VENN FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE FOUNDATION IS A PUBLIC CHARITY AND CONTRIBUTIONS TO THE FOUNDATION QUALIFIES AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE IN CLOSED LOOP FUND -250,665. 1 NATIONAL PHILANTHROPIC TRUST 165 TOWNSHIP LINE ROAD SUITE 1200 JENKINTOWN PA 19046 237825575 501 (C)(3) 102774 0 N/A N/A GRANT TO DAF WORLD PEDIATRIC PROJECT PO BOX 31778 HENRICO VA 23294 541953305 501 (C)(3) 120000 0 N/A N/A ONGOING PROJECT SUPPORT, AS WELL AS RELATED OPERATING SUPPORT THRIVENT CHARITABLE IMPACT & INVESTING PO BOX 8072 APPLETON WI 54912 411802412 501 (C)(3) 172221 0 N/A N/A THRIVENT CHARITABLE FUND 449208 - THRIVENT CHARITABLE GROWTH & INNOVATION FUND 3 PART I, LINE 2: MOST GRANTS ARE MADE FROM DONOR ADVISED FUNDS. BOOKS AND RECORDS ARE KEPT SUBSTANTIATING ALL GRANTS. IN ADDITION, RECIPIENTS ARE CHECKED TO MAKE SURE THEY ARE ELIGIBLE PUBLIC CHARITIES. X 6 76405 FMV 0 1 0 PART I, COLUMN (B): COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS PART V, LINE 9B VENN FOUNDATION MADE A GRANT TO A PUBLIC CHARITY THAT ALSO HAS A DONOR ADVISED FUND WITH THE FOUNDATION. AS A PUBLIC CHARITY, THE DONOR IS NOT A DISQUALIFIED PERSON FOR PURPOSES OF IRC SECTION 4958, AND IS ALSO SPECIFICALLY EXCLUDED UNDER 4966(C)(2). FORM 990, PART VI, SECTION A, LINE 1A IN 2024, THE BOARD EXECUTIVE COMMITTEE WAS COMPRISED OF THE BOARD CHAIR, THE BOARD TREASURER, AND THE PRESIDENT/CEO/SECRETARY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANT BASED ON DATA PROVIDED BY MANAGEMENT. ONCE A DRAFT RETURN IS AVAILABLE, IT IS PROVIDED TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. IF A CONFLICT OF INTEREST WERE TO ARISE, THE INTERESTED PARTY IS NOT PRESENT DURING THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. IF THIS WERE TO OCCUR, IT WILL BE CAPTURED IN THE MEETING MINUTES. EACH YEAR, BOARD MEMBERS ARE ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THEN IF CONFLICTS OF INTEREST ARISE DURING THE YEAR, THEY ARE TO DISCLOSE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 USING THE COUNCIL ON FOUNDATION'S 2024 MIDWEST GRANTMAKER SALARY, BENEFITS, & DEMOGRAPHICS REPORT AS A RESOURCE, THE EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE DECISION TO APPROVE THE EXECUTIVE OFFICER'S COMPENSATION IS DOCUMENTED IN THE BOARD OF DIRECTORS MEETING MINUTES AS PART OF THE ANNUAL BUDGET REVIEW AND APPROVAL PROCESS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE IN CLOSED LOOP FUND -250,665. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.