Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
HATTON W SUMNERS FOUNDATION FOR THE
STUDY & TEACHING OF SELF-GOVERNMENT INC
Number and street (or P.O. box number if mail is not delivered to street address)325 N ST PAUL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX75201
A Employer identification number

75-2734032
B Telephone number (see instructions)

(214) 220-2128
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$61,319,823J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 31,582
2 Check bullet.............
3 Interest on savings and temporary cash investments 596,289 596,289  
4 Dividends and interest from securities... 1,594,744 1,594,744  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 683,546
b Gross sales price for all assets on line 6a 6,176,543
7 Capital gain net income (from Part IV, line 2)... 683,546
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 886,190 515,047  
12 Total. Add lines 1 through 11........ 3,792,351 3,389,626  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 768,748 373,735   395,013
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 69,253 32,486   36,767
16a Legal fees (attach schedule)......... Click to see attachment 27,420 5,296   22,124
b Accounting fees (attach schedule)....... Click to see attachment 24,650 12,400   12,250
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment -13,902 18,068   20,042
19 Depreciation (attach schedule) and depletion... Click to see attachment 54,061 54,061  
20 Occupancy.............. 41,632 20,816   20,816
21 Travel, conferences, and meetings....... 145,217 24,100   121,117
22 Printing and publications.......... 1,099 309   790
23 Other expenses (attach schedule)....... Click to see list of attachments 706,470 294,179   111,316
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,824,648 835,450   740,235
25 Contributions, gifts, grants paid....... 2,332,066 2,332,066
26 Total expenses and disbursements. Add lines 24 and 25 4,156,714 835,450   3,072,301
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -364,363
b Net investment income (if negative, enter -0-) 2,554,176
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 3,861,970 175,114 175,114
2 Savings and temporary cash investments......... 245,185 1,462,756 1,462,756
3 Accounts receivable bullet158,332
Less: allowance for doubtful accounts bullet   207,509 158,332 158,332
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 58,949 25,434 25,434
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 30,286,780 24,086,606 24,086,606
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet279,402
Less: accumulated depreciation (attach schedule) bullet   279,402 Click to see attachment279,402 279,402
12 Investments—mortgage loans............. 5,440,203 4,825,421 4,825,421
13 Investments—other (attach schedule).......... 25,661,590 Click to see attachment30,288,050 30,288,050
14 Land, buildings, and equipment: basis bullet121,033
Less: accumulated depreciation (attach schedule) bullet102,325 27,172 Click to see attachment18,708 18,708
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 66,068,760 61,319,823 61,319,823
Liabilities 17 Accounts payable and accrued expenses.......... 15,040 8,501
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment205,109 Click to see attachment6,430
23 Total liabilities (add lines 17 through 22)......... 220,149 14,931
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 65,848,611 61,304,892
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 65,848,611 61,304,892
31 Total liabilities and net assets/fund balances (see instructions). 66,068,760 61,319,823
Part III
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
65,848,611
2
Enter amount from Part I, line 27a .....................
2
-364,363
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
65,484,248
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,179,356
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
61,304,892
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a BROADVIEW OPPORTUNITY FUND P 2010-01-01 2018-03-07
b BROADVIEW OPPORTUNITY FUND P 2010-01-01 2018-12-11
c JANUS ENTERPIRSE FUND I P 2010-01-01 2018-03-07
d JANUS ENTERPIRSE FUND I P 2010-01-01 2018-12-10
e LAZARD INT STRAT EQUITY P 2010-01-01 2018-12-10
LAZARD INT STRAT EQUITY P 2010-01-01 2018-12-11
NUANCE CONCENTRATED VALUE P 2010-01-01 2018-03-07
NUANCE CONCENTRATED VALUE P 2010-01-01 2018-12-10
VANGUARD INSTITUTIONAL INDEX P 2010-01-01 2018-03-07
VANGUARD INSTITUTIONAL INDEX P 2010-01-01 2018-12-10
WILLIAMS BLAIR EMERGING MARKETS P 2010-01-01 2018-03-07
FEDERATED ULTRASHORT BOND P 2018-01-01 2018-05-17
FEDERATED ULTRASHORT BOND P 2018-01-01 2018-05-24
FEDERATED ULTRASHORT BOND P 2018-01-01 2018-07-11
FEDERATED ULTRASHORT BOND P 2018-01-01 2018-09-04
FEDERATED ULTRASHORT BOND P 2010-01-01 2018-11-19
MISCELLANEOUS SALES P 2010-01-01 2018-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 400,000   426,281 -26,281
b 250,000   359,234 -109,234
c 400,000   290,398 109,602
d 150,000   113,361 36,639
e 600,000   553,230 46,770
100,000   91,818 8,182
400,000   370,227 29,773
150,000   142,468 7,532
800,000   497,428 302,572
400,000   256,837 143,163
500,000   371,517 128,483
400,000   400,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
869,243   870,198 -955
7,300     7,300
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -26,281
b       -109,234
c       109,602
d       36,639
e       46,770
      8,182
      29,773
      7,532
      302,572
      143,163
      128,483
       
       
       
       
      -955
      7,300
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 683,546
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 3,052,176 64,032,628 0.04767
2016 3,054,080 62,925,510 0.04854
2015 3,180,483 68,089,950 0.04671
2014 2,817,981 63,287,615 0.04453
2013 2,912,987 61,461,439 0.04740
2
Total of line 1, column (d) .....................
2
0.234833
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.046967
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
65,280,966
5
Multiply line 4 by line 3......................
5
3,066,051
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
25,542
7
Add lines 5 and 6........................
7
3,091,593
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,072,301
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 51,084
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 51,084
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 51,084
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 124,400
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 124,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 73,316
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet40,000 RefundedBullet 11 33,316
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.HATTONSUMNERS.ORG
    14
    The books are in care ofbulletCHARLES PIERSON Telephone no.bullet (214) 220-2128

    Located atbullet325 NORTH ST PAUL SUITE 3920DALLASTX ZIP+4bullet752013821
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DAVID G DRUMM Chairman
    2.00     		32,000    
    901 MAIN STREET STE 500
    DALLAS,TX752023767
    CHARLES L MOORE Director
    2.00     		3,963    
    5901-J WYOMING BLVD NE 154
    ALBUQUERQUE,NM87109
    JERRY D REIS Treasurer
    2.00     		29,000    
    6012 W CAMPUS CIRCLE DR 210
    IRVING,TX75063
    LON R WILLIAMS Director
    2.00     		27,000    
    2501 N HARWOOD SUITE 1900
    DALLAS,TX75201
    W DALE CRANE Director
    2.00     		27,000    
    PO BOX 92817
    SOUTHLAKE,TX76092
    SCOTT M HIGGINBOTHAM Director
    2.00     		27,000    
    125 BELLAIRE AVENUE
    DUMAS,TX79029
    WILLIAM W MEADOWS VICE CHAIRMAN
    2.00     		30,500    
    421 W 3RD STREET SUITE 800
    FORT WORTH,TX76102
    HUGH C AKIN-THRU 92018 Executive Dir.
    40.00     		126,619 18,993  
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    MIKE MCELROY Controller
    40.00     		87,000 13,050  
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    BETH VAN DUYNE Secretary
    2.00     		0    
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    BRANT C MARTIN Director
    2.00     		27,000    
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    T Charles Pierson-FROM 1018 Executive Dir.
    40.00     		73,077 10,962  
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    WENDY WERNER EXEC. ASSISTANT
    40.00     		77,338 11,601  
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    EILEEN C RESNIK PROGRAM OFFICER
    40.00     		91,881 13,782  
    325 N ST PAUL ST STE 3920
    DALLAS,TX75201
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    28,500,632
    b
    Average of monthly cash balances.......................
    1b
    2,288,761
    c
    Fair market value of all other assets (see instructions)................
    1c
    35,485,699
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,275,092
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    66,275,092
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    994,126
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,280,966
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,264,048
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,264,048
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    51,084
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    51,084
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,212,964
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,212,964
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,212,964
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,072,301
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,072,301
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,072,301
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 3,212,964
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 2,911,017
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,072,301
    a Applied to 2017, but not more than line 2a 2,911,017
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 161,284
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		3,051,680
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHARLES PIERSON
    325 N ST PAUL STREET SUITE 3920
    DALLAS,TX752013821
    (214) 220-2128
    CHARLES@SUMNERSFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.
    cAny submission deadlines:
    VARIOUS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BAYLOR UNIVERSITY
    1311 S 5TH ST
    WACO,TX76706     		NONE PC iENGAGE SUMMER CIVICS 25,000
    THE BILL OF RIGHTS INSTITUTE
    200 NORTH GLEBE ROAD
    ARLINGTON,VA22203     		NONE PC CONSTITUTION SEMINAR N.M. & OK TEACHERS 25,000
    FOUNDATION FOR TEACHING ECONOMICS
    260 RUSSELL BLVD
    DAVIS,CA95616     		NONE PC ECONOMICS FOR LEADERS 75,000
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE
    WASHINGTON,DC20009     		NONE PC UNDERGRAD SCHOLARSHIPS TO WASHINGTON D.C. 41,600
    GLASSHOUSE POLICY
    1408 E 13TH STREET
    AUSTIN,TX78702     		NONE PC Online Public Policy Development 20,777
    HUSTON-TILLOTSON COLLEGE
    900 CHICON STREET
    AUSTIN,TX78702     		NONE PC SUMNERS SCHOLARSHIPS 72,000
    INSTITUTE FOR POLICY INNOVATION
    1660 S INTERSTATE 35-E
    LEWISVILLE,TX75067     		NONE PC HWS DISTINGUISHED LECTURES (#1 OF 2) 300,000
    LAW FOCUSED EDUCSTATE BAR OF TEXAS
    14651 DALLAS PKWY
    DALLAS,TX75254     		NONE PC "BEING AN AMERICAN" CURRICULUM 18,825
    OCU SCHOOL OF LAW
    800 N HARVEY AVE
    OKLAHOMA CITY,OK73102     		NONE PC HIGH IDEALS SCHOLARSHIP PREVIEW 15,000
    PHILANTHROPY ROUNDTABLE
    1730 M STREET NM
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT AND ALLIANCE FOR CHARITABLE REFORM 8,000
    PROJECT VOTE SMART
    ONE COMMON GROUND
    PHILIPSBURG,MT59858     		NONE PC OPERATIONS SUPPORT 50,000
    SCHREINER UNIVERSITY
    2100 SAN ANTONIO HWY
    KERRVILLE,TX78028     		NONE PC WHITEHURST AWARDS & SCHOLARSHIP PROGRAM DEVELOPMENT 8,000
    SMU-DEDMAN SCHOOL OF LAW
    PO BOX 750100
    DALLAS,TX75275     		NONE PC SUMMER SCHOLARS ENDOWMENT 85,771
    ST EDWARDS UNIVERSITY
    3001 S CONGRESS AVE
    AUSTIN,TX78704     		NONE PC SUMNERS SCHOLARSHIP PROGRAM 80,000
    TEXAS CHRISTIAN UNIVERSITY
    2800 S UNIVERSITY DR
    FORT WORTH,TX76129     		NONE PC DISTINGUISHED SCHOLARS (FORMERLY PARTIAL TUITION) 17,500
    TEXAS WESLEYAN UNIVERSITY
    1201 WESLEYAN ST
    FORT WORTH,TX75105     		NONE PC SCHOLARSHIP PROGRAM DEVELOPMENT 6,000
    UNIVERSITY OF DALLAS
    1845 E NORTHGATE DR
    IRVING,TX75062     		NONE PC SUMNERS SCHOLARSHIP PROGRAM 100,000
    UNIVERSITY OF NORTH TEXAS FOUNDATION
    1155 UNION CIRCLE
    DENTON,TX76203     		NONE PC SUPPORT FOR KUEHNE SPEAKER SERIES 10,000
    UNIVERSITY OF TEXAS AT AUSTIN
    BOX 8058
    AUSTIN,TX78712     		NONE PC ANNETTE STRAUS INSTITUTE- NEW POLITICS FORUM 68,000
    WOODROW WILSON HS COMMUNITY FOUNDATION
    100 S GLASSGOW
    DALLAS,TX75214     		NONE PC TEXAS LEADERSHIP PROGRAM 20,000
    YMCA ALBUQUERQUE CENTRAL NM
    4701 MONTANO RD NM
    ALBUQUERQUE,NM87120     		NONE PC YOUTH AND GOVERNMENT 75,000
    TEXAS STATE ALLIANCE OF OF YMCAS
    3208 RED RIVER ST
    AUSTIN,TX78705     		NONE PC YOUTH AND GOVERNMENT 173,000
    YMCA OKLAHOMA CITY
    100 W MAIN ST
    OKLAHOMA CITY,OK73102     		NONE PC YOUTH AND GOVERNMENT 90,000
    AUSTIN COLLEGE
    900 N GRAND AVE
    SHERMAN,TX75090     		NONE PC CRIMINAL LAW SYMPOSIUM 1,500
    LAW FOCUSED EDUCSTATE BAR OF TEXAS
    14651 DALLAS PKWY
    DALLAS,TX75254     		NONE PC TEACHER TRAINING INSTITUTE ON THE FOUNDING DOCUMENTS 250,000
    LAW FOCUSED EDUCSTATE BAR OF TEXAS
    14651 DALLAS PKWY
    DALLAS,TX75254     		NONE PC TEXAS CITIZEN BEE COMPETITION 41,000
    NEW MEXICO FIRST
    505 MARQUETTE AVE
    ALBUQUERQUE,NM87102     		NONE PC IMPLEMENT PUBLIC EDUCATION AFTER TOWN HALL MEETING 50,000
    TEXAS CHRISTIAN UNIVERSITY
    2800 S UNIVERSITY DR
    FORT WORTH,TX76129     		NONE PC iENGAGE SUMMER CIVICS INSTITUTE 23,000
    TEXAS TRIBUNE
    823 CONGRESS AVE
    AUSTIN,TX78701     		NONE PC FESTIVAL, CONVERSATION SERIES & SYMPOSIUMS PUBLIC POLICY EVENTS 155,000
    LIBERTAS ACADEMY
    33617 E FOWLER AVE
    TAMPA,FL33617     		NONE PC SPRING CIVICS INSTITUTE: INSTRUCTION AND CURRICULUM 15,000
    CENTER FOR AMERICAN INTERNATIONAL L
    5201 DEMOCRACY LANE
    PLANO,TX75024     		NONE PC RULE OF LAW LECTURE SERIES 65,000
    COMMUNITIES FOUNDATION OF TEXAS
    5500 CARUTH HAVEN LANE
    DALLAS,TX75225     		NONE PC ESTABLISH AT-LARGE SCHOLAR PROGRAM FOR 7 $20,000 SCHOLARSHIPS EACH YEAR 150,000
    CONSTITUTING AMERICA
    PO BOX 1988
    COLLEYVILLE,TX76034     		NONE PC WE THE PEOPLE 9.17 CONTEST 10,000
    FIRST LIBERTY INSTITUTE
    2001 PLANO PARKWAY 1600
    PLANO,TX75075     		NONE PC THREE INTERNSHIPS FOR SUMNERS SCHOLARS 30,000
    JUDICIAL WATCH
    425 THIRD ST 800
    WASHINGTON,DC20024     		NONE PC INTERNSHIP FOR HWS SCHOLAR 5,000
    UNIVERSITY OF NORTH TEXAS FOUN DATI
    1155 UNION CIRCLE
    DENTON,TX76203     		NONE PC SUMNERS MPA FELLOWSHIPS 129,163
    OKLAHOMA CITY UNIVERSITY
    2501 BLACKWELDER AVE
    OKLAHOMA CITY,OK73106     		NONE PC ROBERT HENRY TRIBUTE 180
    GREATER HOUSTON COMMUNITY FOUNDATIO
    515 POST OAK BLVD 1000
    HOUSTON,TX77027     		NONE PC HURRICANE HARVEY RELIEF 1,750
    SOUTHSIDE CHURCH OF CHRIST
    1401 SE 25TH AVE
    MINERAL WELLS,TX76067     		NONE PC MEMORIAL GIFT FOR OPPORTUNITY CAMP FUND 1,000
    AMERICAN PROMISE INC
    33 BRADFORD ST
    CONCORD,MA01742     		NONE PC WRITE THE 28TH AMENDMENT TOWNHALLS AT SMU AND OCU LAW SCHOOLS 20,000
    Total .................................bullet 3a 2,332,066
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 596,289  
    4 Dividends and interest from securities....     14 1,594,744  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 81,470      
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        683,546
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOIL & GAS ROYALTIES     		    15 515,047  
    bPass Through UBI from K-1 531120 -11,302      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 70,168 2,706,080 683,546
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,459,794
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID: 18007218
    Software Version: 2018v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 24,650 12,400 0 12,250

    TY 2018 InvestmentsLandSchedule2
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 279,402   279,402 279,402

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERRA AGRI FUND II LP FMV 973,733 973,733
    WHITEBOX MULTI STRATEGY FUND FMV 4,826,968 4,826,968
    ML-K-18-WP TRUST IV FMV 66,196 66,196
    KAYNE ANDERSON RE PTNR FMV 83,435 83,435
    LINX FUND I LP FMV 7,399,868 7,399,868
    CAPITAL ROY PARTNERS II FMV 945,482 945,482
    TIDELAND ROYALTY TRUST "B" FMV 5,879 5,879
    ORRI GULF OF MEXICO FMV 862,634 862,634
    ORRI OFFSHORE #2 FMV 158,169 158,169
    ORRI OKLAHOMA #1 FMV 171,818 171,818
    ORRI OKLAHOMA #2 FMV 51,325 51,325
    ORRI KANSAS FMV 69,150 69,150
    ORRI LOUISIANA FMV 11,302 11,302
    ORRI TEXAS FMV 2,631 2,631
    ORRI OKLAHOMA #3 FMV 50,416 50,416
    ORRI NM #1 FMV 9,799 9,799
    ORRI TEXAS #2 FMV 100,834 100,834
    ORRI TEXAS #5 FMV 1,590 1,590
    ORRI LOUISIANA #2 FMV 435 435
    ORRI LOUISIANA # 3 FMV 26,431 26,431
    ORRI NM #2 FMV 25,168 25,168
    ORRI TEXAS #2 FMV 42,669 42,669
    ORRI TEXAS FMV 76,292 76,292
    ORRI LOUISIANA #5 FMV 53,275 53,275
    ORRI KANSAS #2 FMV 106,725 106,725
    ORRI WYOMING #1 FMV 239,512 239,512
    MADISON 1600 VICEROY FMV 420,726 420,726
    BACELINE NOP DEBT III FMV 285,799 285,799
    HERITAGE OFFICE BUILDING (PAR CAPITAL) FMV 664,550 664,550
    PINNACLE IV FMV 2,238,378 2,238,378
    AMERRA AGRI FUND III FMV 1,266,960 1,266,960
    HACKBERRY CREEK FMV 1,588,381 1,588,381
    MADISON, LLC FMV 2,527,962 2,527,962
    AMERRA AGR FUND II ANNEX FMV 1,207,940 1,207,940
    PINNACLE V LP FMV 818,008 818,008
    PARR CAPITAL 122 WEST FMV 2,907,610 2,907,610

    TY 2018 LandEtcSchedule2
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures       18,708
    Machinery and Equipment 121,033 102,325 18,708  


    TY 2018 LegalFeesSchedule
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 27,420 5,296 0 22,124


    TY 2018 OtherExpensesSchedule
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONTRACT LABOR 63,875 40,148   23,727
    GRAHAM MONTHLY SERVICE FEES 1,475 1,475    
    INFORMATION TECHNOLOGY 37,926 21,315   16,611
    INSURANCE 24,606 24,606    
    INVESTMENT EXPENSES 111,480 111,480    
    MISCELLANEOUS 109,157 59,324   49,833
    NEWSLETTER PROGRAM 18,583 10,000   8,583
    OIL & GAS MAINTENANCE 12,000 12,000    
    PARKING 9,237 4,868   4,369
    POSTAGE 1,389 583   806
    Rental Expenses 300,975      
    REPAIRS & MAINTENANCE 1,300 650   650
    SUPPLIES 4,669 2,809   1,860
    TELEPHONE 9,798 4,921   4,877


    TY 2018 OtherIncomeSchedule2
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES 515,047 515,047  
    Pass Through UBI from K-1 -11,302    
    Rental Income - Noninvestment Property 382,445    


    TY 2018 OtherLiabilitiesSchedule
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Excise Taxes 80,368 6,430
    EXCISE TAXES PAYABLE 124,741  


    TY 2018 TaxesSchedule
    Name:
    HATTON W SUMNERS FOUNDATION FOR THE
     
    STUDY & TEACHING OF SELF-GOVERNMENT INC
    EIN:
    75-2734032
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 52,012      
    PAYROLL TAX 38,110 18,068   20,042