Return of Private Foundation 0MB No, 1545-0052 Form 990-PF or Section 4947(a)1) Trust Treated as Private Foundation Department of the Treasury ► Do not enter social security numbers on this form as it may be made public. 2018 Internal Revenue Service ► Go to www.irs.gov/Form990PF for instructions and the latest information. Jpen o Hubltc nspectuon For calendar year 2018 or tax year beginning ,and ending Name of foundation A Employer identification number MARGARET A. CARGILL FOUNDATION 37-1758406 Number and street (or P.O. box number if mail is not delivered to street address) I Room/suite B Telephone number 6889 ROWLAND ROAD 952-540-4053 City or town, state or province, country, and ZIP or foreign postal code C exemption application is pending, check here »] EDEN PRAIRIE MN 55344 G Check all that apply. D Initial return D Initial return of a former public charity D 1. Foreign organizations, check here »] D Final return D Amended return 2. Foreign organizations meeting the 85% test, D Address chanae []Name change check here and attach computation »J H Check type of organization: [!] Section 501(c)(3) exempt private foundation E If private foundation status was terminated []section 4947(a)(1) nonexempt charitable trust D Other taxable private foundation under section 507(b)(1)(A), check here »»J I Fair market value of all assets at end of year J Accounting method: D Cash [~] Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) D Other (specify) under section 507(b)(1)(B), check here »L p$ 2,945,512,538. (Part I, column (d) must be on cash basis.) I Part 11 Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net ( d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessarily equal the amounts in column {a).) expenses per books Income Income (cash basis only) 1 Contributions, gifts, grants, etc., received N/A 2 check[X_] the tundaton is not required to attach Sch. 8 Interest on savings and temporary 3 cash investments STATEMENT 1 4 Dividends and interest from securities .. 29,446,141. 59,718,593. 5a Gross rents . b Net rental income or (loss) 6a Net gain or (loss) from sale of assets not on line 10 66,273,430. D» 3 Gr oss sales price for all 1,166,237,226. e: assets on line 6a ...... Q) > Capital gain net income (from Part IV, line 2) 83,324,899. d 7 a: 8 Net short-term capital gain . 9 Income modifications . no. %. ........ I b Less: Cost of goods sold I c Gross profit or (loss) . 11 Other income 321,790. 21,816,031. STATEMENT 2 12 Total. Add lines 1 throuah 11 96,041,361. 164,859,523. 13 Compensation of officers, directors, trustees, etc. 1,320,709. 194,738. 1,125,971. 9,054,215. 2,443,525. 5,993,583. 14 Other employee salaries and wages ·•·· 15 Pension plans, employee benefits 2,336,472. 749,475. 1,879,346. 3/ 16a Legal fees STMT 3 738,747. 447,588. 302,270. ñl · e: STMT 4 202,698. 47,551. 107,960. d b Accounting fees g c Other professional fees STMT 5 9,364,913. 7,135,103. 2,312,131. LI g17 Interest STMT 6 1s Taxes .. 1,605,177. 0. 0. ± .l 19 Depreciation and depletion .... ................ 1,739,758. 177,454. e: E2o Occupancy ............. 514,510. 86,550. 446,715. 1,000,152. 245,063. 778,450. 22u Travel, conferences, and meetings ... ··•· 22 Printing and publications cv 0i 23 Other expenses STMT 7 -6,590,239. 50,373,594. 956,041. e: 24 Total operating and administrative l Q) expenses. Add lines 13 through 23 21,287,112. 61,900,641. 13,902,467. 9 ............ 145,344,377. 136,413,182. o 25 Contributions, gifts, grants paid ................ 26 Total expenses and disbursements. Add lines 24 and 25 166,631,489. 61,900,641. 150,315,649. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements ... -70,590,128. b Net investment income (if negative, enter -0-) .. 102,958,882. c Adiusted net income (if negative, enter -0-) N/A 823501 12-11-18 LHA For Paperwork Reduction Act Notice, see instructions. Form 990-PF (2018) PUBLIC INSPECTION COPY Form 990-PF (2018) MARGARET A. CARGILL FOUNDATION 37-1758406 Page 2 Attached schedules and amounts in the description Beginning of year End of year Part II I Balance Sheets I column should be tor end-of-year amounts only. (a) Book Value (b) Book Value (c) Fair Market Value Cash - non-interest-bearing 1 . ········•·• ....... i 2 Savings and temporary cash investments 81,492,959. 65,216,032. 65,216,032. 3 Accounts receivable ► 13,653,115. Less: allowance for doubtful accounts ► 8,733,855. 13,653,115. 13,653,115. 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable ······················· 6 Receivables due from officers, directors, trustees, and other disqualified persons . .........................••••••••• 7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► C/) 8 Inventories for sale or use .... ·················•·•·•·•·• ·········•········ ..» 0 9 Prepaid expenses and deferred charges ........... 766,602. 1,358,225. 1,358,225. 0 STMT 8 240,266,450. 229,708,450. 229,708,450. << 10a Investments· U.S. and state government obligations .. ··•· b Investments - corporate stock STMT 9 337,580,200. 259,883,948. 259,883,948. STMT 10 128,083,204. 244,558,132. 244,558,132. c Investments· corporate bonds . 11 Investments - land, buildings, and equipment: basis « ► Less: accumulated depreciation . ► 12 Investments· mortgage loans . STMT 11 2,302,400,995. 2,075,162,668. 2,075,162,668. 13 Investments - other ................ ······•···· 14 Land, buildings, and equipment: basis ► 61,614,272. Less: accumulated depreciation ► 10,681,304. 54,318,927. 50,932,968. 50,932,968. 15 Other assets (describe► ) 2,607,329. 2,852,452. 5,039,000. 16 Total assets (to be completed by all filers· see the instructions. Also see Daae 1 item Il 3,156,250,521. 2,943,325,990. 2,945,512,538. 17 Accounts payable and accrued expenses 14,952,158. 24,992,696. 67,514,689. 76,378,830. 18 Grants payable ................................ ... ·············•···· 0 19 Deferred revenue d ····················· 20 Loans from officers, directors, trustees, and other disqualified persons z « « ..... 5 0 21 Mortgages and other notes payable ........ 3 22 Other liabilities ( describe ► ) 14,600,620. 9,580,313. 23 Total liabilities (add lines 17 throuah 22) 97,067,467. 110,951,839. Foundations that follow SFAS 117, check here ► ] and complete lines 24 through 26, and lines 30 and 31. u 3,059,183,054. 2,832,374,151. D 24 Unrestricted . ·······•·· e:O Ill 25 Temporarily restricted ......... ........ ······················ ········· E Ill 26 Permanently restricted o e: Foundations that do not follow SFAS 117, check here ► t 3 LL. and complete lines 27 through 31. l o Capital stock, trust principal, or current funds u 27 . ..G) 28 Paid-in or capital surplus, or land, bldg., and equipment fund u0 << 29 Retained earnings, accumulated income, endowment, or other funds t G) 3,059,183,054. 2,832,374,151. z 30 Total net assets or fund balances 31 Total liabilities and net assets/fund balances 3,156,250,521. 2,943,325,990. I Part Ill I Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year· Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 3,059,183,054. ···• ························ «««a .......... Enter amount from Part I, line 27a -70,590,128. 2 . ········ ..... ·······• a ········ ·········· 2 3 Other increases not included in line 2 (itemize) ► 3 0. Add lines 1, 2, and 3 2,988,592,926. 4 .................... ........ ..... ·····•·• ···········•·········· ············ . ..... 4 5 Decreases not included in line 2 (itemize) ► UNREALIZED LOSSES 5 156,218,775. 6 Total net assets or fund balances at end of vear (line 4 minus line 5) - Part II column (b). line 30 6 2,832,374,151. Form 990-PF (2018) 823511 12-11-18 PUBLIC INSPECTION COPY Form 990-PF (2018) MARGARET A. CARGILL FOUNDATION 37-1758406 Page 3 I Part IV I Capital Gains and Losses for Tax on Investment Income (a) List and describe the kind(s) of property sold (for example, real estate, (b)H o acauired (c) Date acquired ( d) Date sold - Purchase (mo., day, yr.) 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation mo., day, yr.) 1a EQUITIES p b FIXED INCOME p e REAL ASSETS p d CREDIT p e NET GAIN FROM FLOWTHROUGH INVESTMENTS p (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) ( or allowable) plus expense of sale ((e) plus (f) minus (g)) a 749,953,037. 715,569,552. 34,383,485. b 265,989,753. 238,689,800. 27,299,953. e 139,482,635. 140,885,391. -1,402,756. d 10,811,801. 10,850,621. -38,820. e 23,083,037. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69. (I) Gains (Col. (h) gain minus (il Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or Losses (from col. (h)) (i) FMV as of 12/31/69 as of 12/31/69 over col. (j), if any a 34,383,485. b 27,299,953. e -1,402,756. d -38,820.