Form990-PF
Click to see list of attachments

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
The Cockrell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3737 Buffalo Speedway
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

74-6076993
B Telephone number (see instructions)

(713) 209-7500
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$164,776,780J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 95,333 95,333  
4 Dividends and interest from securities... 2,035,389 2,035,389  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 8,749,431
b Gross sales price for all assets on line 6a 46,353,929
7 Capital gain net income (from Part IV, line 2)... 8,622,282
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 1,444,517 1,545,515  
12 Total. Add lines 1 through 11........ 12,324,670 12,298,519  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 29,049 14,275   14,274
c Other professional fees (attach schedule).... Click to see attachment 1,054,094 1,003,719   50,375
17 Interest............... 25,963 25,963    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 379,156 94,156    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,752     7,752
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 891,844 786,252   20,997
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,387,858 1,924,365   93,398
25 Contributions, gifts, grants paid....... 8,362,491 8,362,491
26 Total expenses and disbursements. Add lines 24 and 25 10,750,349 1,924,365   8,455,889
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,574,321
b Net investment income (if negative, enter -0-) 10,374,154
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.............      
2 Savings and temporary cash investments......... 4,663,840 12,393,874 12,393,874
3 Accounts receivable bullet34,336
Less: allowance for doubtful accounts bullet   40,708 34,336 34,336
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.......... 43,874 43,666 43,666
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 96,522,706 Click to see attachment86,340,795 102,728,021
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,094,484 Click to see attachment37,757,648 49,576,883
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 131,365,612 136,570,319 164,776,780
Liabilities 17 Accounts payable and accrued expenses..........    
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)    
23 Total liabilities (add lines 17 through 22).........   0
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..................    
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 131,365,612 136,570,319
30 Total net assets or fund balances (see instructions)..... 131,365,612 136,570,319
31 Total liabilities and net assets/fund balances (see instructions). 131,365,612 136,570,319
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
131,365,612
2
Enter amount from Part I, line 27a .....................
2
1,574,321
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,630,386
4
Add lines 1, 2, and 3 ..........................
4
136,570,319
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
136,570,319
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 Publicly traded securities      
b Capital gain distributions      
c Passthrough K-1 capital gain      
d Kenmont Capital Private Equity Partners LP P 2017-01-01 2018-05-01
e
(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 44,726,499   37,587,063 7,139,436
b 15,915     15,915
c 1,457,777     1,457,777
d 26,589   17,435 9,154
e
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       7,139,436
b       15,915
c       1,457,777
d       9,154
e
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 8,622,282
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 7,721,477 172,118,328 0.04486
2016 7,731,012 154,158,099 0.05015
2015 7,989,270 157,163,160 0.05083
2014 7,566,564 165,573,683 0.04570
2013 6,906,300 154,893,667 0.04459
2
Total of line 1, column (d) .....................
2
0.236131
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
0.047226
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
183,179,835
5
Multiply line 4 by line 3......................
5
8,650,851
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
103,742
7
Add lines 5 and 6........................
7
8,754,593
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,455,889
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 1 207,483
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........................... 3 207,483
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- ..... 5 207,483
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 114,105
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 216,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 330,105
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 1,205
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 10 121,417
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet121,417 RefundedBullet 11  
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.cockrellfoundation.org
    14
    The books are in care ofbulletSherrie Reinhackel Telephone no.bullet (713) 209-7560

    Located atbullet3737 Buffalo Speedway 1100HoustonTX ZIP+4bullet77098
    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
    Ernest H Cockrell President/Dir
    2.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    M Nancy Williams Executive VP
    30.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Sherrie J Reinhackel Vice President
    5.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Stacy L White Secretary/Treas
    5.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    David A Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ernest D Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Janet S Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Richard B Curran Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Milton T Graves Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    J Webb Jennings III Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ronald T Nixon Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Laura J Turner Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    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
    NONE
    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
    Brown Advisory Investment mgmt 164,971
    901 S Bond St Ste 400
    Baltimore,MD21231
    Munder Capital Management Investment mgmt 139,488
    480 Pierce St
    Birmingham,MI48009
    William Blair Investment Management Investment mgmt 136,615
    666 Fifth Ave 14th Floor
    New York,NY10103
    Asset Consulting Group LLC Investment mgmt 121,603
    231 South Bemiston Avenue 14th Fl
    St Louis,MO63105
    Fayez Sarofim & Co Investment mgmt 147,727
    909 Fannin Street Ste 2907
    Houston,TX77010
    Total number of others receiving over $50,000 for professional services.............bullet2
    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
    138,656,444
    b
    Average of monthly cash balances.......................
    1b
    5,278,292
    c
    Fair market value of all other assets (see instructions)................
    1c
    42,034,640
    d
    Total (add lines 1a, b, and c).........................
    1d
    185,969,376
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment.............
    1e
    2,280,146
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    185,969,376
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,789,541
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    183,179,835
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,158,992
    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
    9,158,992
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    207,483
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    207,483
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    8,951,509
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    8,951,509
    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
    8,951,509
    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
    8,455,889
    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
    8,455,889
    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
    8,455,889
    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 8,951,509
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 8,227,108
    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$ 8,455,889
    a Applied to 2017, but not more than line 2a 8,227,108
    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..... 228,781
    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 ..........     		8,722,728
    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:
    Nancy Williams
    3737 Buffalo Speedway 1100
    Houston,TX77098
    (713) 209-7500
    www.cockrellfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    A copy of IRC 501(c)(3) exemption determination letter is required. No other special forms are required. See the Foundation's website (www.cockrellfoundation.org) for specific information requested to be included with an application.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The corporation is organized exclusively for charitable, religious, scientific, and educational purposes. No part of its earnings or property shall inure to the benefit of any private individual.
    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
    Agape Development Ministries
    6401 Calhoun Rd
    Houston,TX77021     		N/A PC General support 5,000
    Houston's Amazing Place Inc
    3735 Drexel Dr
    Houston,TX77027     		N/A PC General support 5,000
    Childhood Cancer Family Alliance
    12919 Southwest Fwy 100
    Stafford,TX77477     		N/A PC General support 750
    Chapelwood United Methodist Church
    11140 Greenbay St
    Houston,TX77024     		N/A PC Annual Fund 20,000
    Child Advocates Inc
    2401 Portsmouth 210
    Houston,TX77098     		N/A PC Angels of Hope 20th Anniversary Luncheon 1,250
    Children's Assessment Center Founda
    2500 Bolsover
    Houston,TX77005     		N/A SO III FI Advocate Through Art Party 750
    Contemporary Arts Museum Houston
    5216 Montrose Blvd
    Houston,TX77006     		N/A PC General support 3,250
    Free Enterprise Institute
    9600 Long Point Rd 300
    Houston,TX77055     		N/A PC Support the 2018 Annual Freedom Fund 35,000
    Free the Captives
    2211 Rayford Rd 111418
    Spring,TX77386     		N/A PC General support 500
    Glasstire
    PO Box 1489
    Houston,TX77251     		N/A PC General support 300
    Habitat for Horses
    PO Box 213
    Hitchcock,TX77563     		N/A PC General emergency funds to feed horses 5,000
    Hermann Park Conservancy
    1700 Hermann Dr
    Houston,TX77004     		N/A PC General support 1,000
    Houston Livestock Show Rodeo Inc
    8334 Fannin St
    Houston,TX77054     		N/A PC Support the AG Mechanics and AG Science contests 20,000
    Houston Museum of Natural Science
    5555 Hermann Park Dr
    Houston,TX77030     		N/A PC 2018 Excellence in Science Luncheon and the Wiess Energy Hall capital and endowment campaign 1,017,042
    Kinkaid School Inc
    201 Kinkaid School Dr
    Houston,TX77024     		N/A PC Support the 2017-2018 Kinkaid Fund 7,500
    Little League Baseball Inc
    PO Box 25053
    Houston,TX77265     		N/A PC Support the Post Oak Baseball Foundation and 2018 Post Oak Little League Carnival 12,500
    March of Dimes
    1275 Mamaroneck Ave
    White Plains,NY10605     		N/A PC Houston Chronicle Best Dressed Luncheon 5,000
    UT MD Anderson Cancer Center
    PO Box 4486
    Houston,TX77210     		N/A PC Support the Virginia and Ernest Cockrell, Jr. Permanently Restricted Endowment for the Physician-Scientist Program and matching grant for Cockrell Interests employee participation in the Boot Walk to End Cancer 992,196
    The Menil Foundation Inc
    1511 Branard St
    Houston,TX77006     		N/A PC General support 3,000
    The Menninger Clinic
    12301 Main St
    Houston,TX77035     		N/A PC 2018 Annual Signature Luncheon 2,500
    Methodist Hospital Foundation
    PO Box 4384
    Houston,TX77210     		N/A SO I Center for Performing Arts Medicine (CPAM) "Cockrell Foundation Music Fund for Holistic Health", Carol Cockrell Curran Distinguished Centennial Chair in Hematologic Oncology, and Virginia and Ernest Cockrell, Jr. Permanently Restricted Endowment for the Cockrell Center for Advanced Therapeutics 2,247,915
    W Oscar Neuhaus Memorial Foundation
    4433 Bissonnet St
    Bellaire,TX77401     		N/A PC General support 700
    Philanthropy Roundtable
    1120 20th St NW 550S
    Washington,DC20036     		N/A PC General support 10,000
    Reasoning Mind Inc
    2000 Bering Dr 300
    Houston,TX77057     		N/A PC Operating support 500,000
    Second Baptist Church
    6400 Woodway Dr
    Houston,TX77057     		N/A PC Second Loves Kids Program and 2018 Beach Retreat Program 30,000
    SIRE
    11211 Katy Fwy 660
    Houston,TX77079     		N/A PC General support 25,000
    Sunshine Kids Foundation
    2814 Virginia St
    Houston,TX77098     		N/A PC General support 5,000
    Teach for America Inc
    25 Broadway 12th Fl
    New York,NY10004     		N/A PC Sponsor a Leader program 10,000
    Texas Childrens Hospital
    1919 S Braeswood Blvd 5214
    Houston,TX77030     		N/A PC Cooking Up a Cure event 1,000
    Center for Pursuit
    3550 W Dallas St
    Houston,TX77019     		N/A PC General support 10,000
    The Joy School
    One Chelsea Blvd
    Houston,TX77006     		N/A PC General support 10,000
    University of Texas Foundation
    PO Box 250
    Austin,TX78767     		N/A GOV Endowment grant for Scholarships and Chairs and Endowed Faculty Dinner 3,275,338
    Youth Entrepreneurs Inc
    4111 E 37th St N D101
    Wichita,KS67220     		N/A PC Youth Entrepreneur classes within KIPP Houston High Schools 100,000
    Total .................................bullet 3a 8,362,491
    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 95,333  
    4 Dividends and interest from securities....     14 2,035,389  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    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 ............     		525990 127,149 18 8,622,282  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aIRC Sec. 965(a) income     		    14 5,185  
    bOil & gas royalties     15 679,980  
    cOther Income     14 2,994  
    dPassthrough K-1 income 525990 -100,998 14 857,356  
    e
    12 Subtotal. Add columns (b), (d), and (e).. 26,151 12,298,519  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,324,670
    (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:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit services 19,000 9,500 0 9,500
    Tax compliance fees 10,049 4,775 0 4,774

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065) - AG Energy Partners II LP         3,638   Cost   3,638  
    From Sch K-1 (Form 1065) - AG Energy Partners II LP         5   Cost   5  
    From Sch K-1 (Form 1065) - AG Energy Partners VIII LP         49,934   Cost   49,934  
    From Sch K-1 (Form 1065) - WP (G) Private Equity XII         4,640   Cost   4,640  
    Sec 751 gain - Summit Midstream Partners LP         54,615   Cost   54,615  
    Sec 751 gain - Sunoco LP         14,317   Cost   14,317  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1932 2U Inc 110,770 96,059
    4523 Abbott Laboratories 118,135 327,149
    8700 Abbvie Inc 354,827 802,053
    537,038.351 Aberdeen Asset Management 6,521,878 7,282,240
    9100 Acadia Healthcare Co 466,656 233,961
    693 Acuity Brands Inc 104,427 79,660
    6535 Adobe Systems Inc 781,810 1,478,478
    5485 Adtalem Global Education Inc 134,103 259,550
    1848 Aerojet Rocketdyne 53,647 65,105
    607 Affiliated Managers Group 88,734 59,146
    8658 AGNC Invt Corp 164,355 151,861
    1258 Alaska Air Group Inc 84,556 76,549
    1105 Alexandria Real 138,014 127,340
    2672 Alibaba Group Holding Ltd 411,497 366,251
    4741 Allegheny Tech Inc 70,648 103,212
    3408 Alliant Energy Corp 111,221 143,988
    5978 Ally Financial Inc 100,913 135,461
    893 Alphabet Inc Class C 589,670 924,800
    11,250 Altria Group Inc 224,212 555,637
    537 Amazon.com Inc 265,294 806,558
    2190 American Campus 74,361 90,644
    4300 American Eagle 67,063 83,119
    2150 American Equity Invt 79,471 60,071
    1793 American Financial Group 47,072 162,320
    3700 Ameriprise Financial Inc 400,311 386,169
    3304 Amgen Inc 549,618 643,190
    6341 Amphenol Corp 160,702 513,748
    3500 Ansys Inc 426,585 500,290
    3674 Apartment Invt & 157,166 161,215
    16,723 Apple Inc 348,959 2,637,886
    3675 Aramark Corporation 124,696 106,465
    1493 Arrow Electronics 59,274 102,942
    505,637.976 Artisan Partners 15,462,369 15,700,059
    2000 ASML Holding NV 173,973 311,240
    1670 Aspen Technology Inc 160,431 137,241
    1006 Assurant Inc 107,374 89,977
    1207 Atmos Energy Corp 72,982 111,913
    3816 Autodesk Inc 500,492 490,776
    2700 Automatic Data Processing 99,409 354,024
    3105 Avnet Inc 123,673 112,090
    4096 Axalta Coating Systems Ltd 116,117 95,928
    6556 Ball Corp 241,829 301,445
    58,300 Banco Bilbao Vizcaya 463,441 308,407
    24,300 Bank of America Corp 573,564 598,752
    3934 Bankunited Inc 123,515 117,784
    2042 Beacon Roofing 68,002 64,772
    827 Big Lots Inc 34,438 23,917
    2001 Black Hills Corp 106,611 125,623
    1600 BlackRock Inc 366,793 628,512
    3500 BOK Financial Corp 282,456 256,655
    315 Booking Holdings Inc 583,782 542,562
    6583 Booz Allen Hamilton Holdings 172,698 296,696
    5223 Brightsphere Invt Grou 82,028 55,782
    7716 Brookdale SR Living 75,839 51,697
    2149 Brunswick Corp 81,556 99,821
    1505 Burlington Stores Inc 238,038 244,818
    14,781 BWX Technologies Inc 749,798 565,078
    99 Cable One Inc 45,527 81,190
    1442 Cabot Corp 87,470 61,919
    11,057 Caesars Entmt Corp 136,054 75,077
    2866 Caleres Inc 74,108 79,761
    2986 Cambrex Corp 136,649 112,751
    1755 Camden Property Trust 147,363 154,528
    1140 Canadian Pacific Railway Ltd 139,750 202,487
    5324 Capital One Financial Corp 437,589 402,441
    1718 Carpenter Technology 70,784 61,178
    5027 Catalent Inc 214,709 156,742
    3052 CBOE Holdings Inc 251,313 298,577
    1947 Celanese Corp 108,205 175,172
    4924 Centennial Resource Dev Inc 93,617 54,262
    768 Charles River Laboratories 32,758 86,922
    4819 Chevron Corporation 373,279 524,259
    8500 Chubb Ltd 1,007,359 1,098,030
    1734 Ciena Corp 57,294 58,800
    3086 Cinemark Holdings Inc 112,139 110,479
    2990 Cintas Corporation 506,924 502,290
    3285 CIT Group Inc 171,024 125,717
    27491 Coca-Cola 973,506 1,301,699
    1159 Colliers International Group 48,280 63,791
    12,060 Comcast Corp 410,355 410,643
    1667 Comerica Inc 87,888 114,506
    1022 Conagra Brands Inc 36,199 21,830
    6175 Conocophillips 181,622 385,011
    7539 Copart Inc 193,351 360,213
    966 Costar Group Inc 162,815 325,870
    2624 Costco Wholesale Corporation 301,960 534,535
    3300 Cullen Frost Bankers 300,388 290,202
    6984 Cypress Semiconductr 74,241 88,836
    12,134 Danaher Corporation 858,071 1,251,258
    2440 Delek US Holdings Inc 92,443 79,324
    6251 Dexcom Inc 344,894 748,870
    2,000 Diageo PLC 232,235 283,600
    749 Diamondback Energy Inc 75,298 69,432
    9418 Diamondrock 87,871 85,515
    752 Domino's Pizza Inc 139,961 186,488
    6553 Duke Realty Corp 125,662 169,723
    1928 Dycom Inds Inc 153,122 104,189
    1756 Eagle Bancorp Inc MD 93,746 85,535
    8656 East West Bancorp Inc 556,372 376,796
    2995 Edwards Lifesciences Corp 271,640 458,744
    6605 Electronic Arts 692,143 521,201
    1485 Emcor Group Inc 43,825 88,640
    5441 Encompass Health Corporation 233,207 335,710
    3557 Encore Capital Group Inc 135,676 83,589
    1320 Energizer Holdings Inc 81,060 59,598
    1297 Enersys 107,298 100,660
    9500 Enlink Midstream LLC 190,376 90,155
    2917 Equity Lifestyle 277,800 283,328
    4038 Estee Lauder Cos Inc 293,909 525,344
    2812 Euronet Worldwide Inc 244,497 287,893
    345 Everest Re Group Ltd 74,186 75,127
    1935 Evergy Inc 89,044 109,850
    2885 Exact Sciences Corp 40,440 182,044
    11,900 Exxon Mobil Corporation 822,195 811,461
    4200 Facebook Inc 530,906 550,578
    3312 Ferro Corp 74,273 51,932
    2507 First Hawaiian Inc 71,538 56,433
    2345 Firstcash Inc 89,826 169,661
    1746 Firstservice Corp 54,136 119,566
    1401 Fleetcor Technologies Inc 208,203 260,194
    10,119 Flex Ltd 87,464 77,006
    9206 FNB Corporation 124,237 90,587
    1777 Foot Locker Inc 86,860 94,536
    2130 Fortinet Inc 135,023 150,016
    8474 Fortive Corporation 423,172 573,351
    6741 Fulton Financial Corp Pa 120,376 104,351
    1565 Gallagher Arthur J & 72,923 115,341
    2800 General Dynamics CRP 537,097 440,188
    3059 Genesee And Wyoming 214,730 226,427
    15,559 Genpact Limited 272,025 419,937
    1990 G-III Apparel Group 49,529 55,501
    3061 Glaukos Corp 98,139 171,936
    2857 Godaddy Inc 202,400 187,476
    2107 Grand Canyon Education Inc 141,349 202,567
    0.191 GS HQ Floating Rate Fund Cl P 2 2
    1417 Guidewire Software Inc 73,423 113,686
    9900 Halliburton Company 488,942 263,142
    1840 Hancock Whitney Corp 91,610 63,756
    894 Hanover Ins Group 108,141 104,392
    4819 Healthcare Services Group 233,677 193,627
    3221 Heico Corp 89,269 202,923
    7891 Helix Energy 76,926 42,690
    3327 Highwoods Properties Inc 160,662 128,722
    1654 Hill Rom Holdings 74,618 146,462
    3703 Hilton Grand Vacations Inc 141,866 97,722
    1537 Hollyfrontier 118,535 78,571
    2317 Hologic Inc 95,636 95,229
    2939 Home Depot Inc 434,024 504,979
    8080 Horizon Pharma PLC 98,848 157,883
    929 Huntington Ingalls 154,958 176,798
    1108 Iberiabank Corp 85,108 71,222
    735 Ingevity Corp 64,195 61,512
    729 Inogen Inc 100,632 90,520
    2563 Insulet Corp 236,359 203,297
    3300 Intercontinentalexchange Group 149,191 248,589
    3590 Intuit Inc 424,297 706,692
    1561 Intuitive Surgical Inc 229,013 747,594
    1610 J2 Global Inc 114,602 111,702
    13,200 Johnson Controls 510,759 391,380
    945 Jones Lang Lasalle Inc 131,997 119,637
    11,047 JPMorgan Chase & Co 512,100 1,078,408
    8679 Kimco Realty Corp 157,273 127,147
    10,908 Kinder Morgan Inc Class P 329,653 167,765
    1253 Kirby Corp 109,339 84,402
    3277 Knight Swift Transn 91,210 82,154
    1661 Kohls Corp 93,746 110,191
    14,200 Kroger Co 415,041 390,500
    2978 Lamb Weston Holdings 177,125 219,062
    432 Lancaster Colony 71,187 76,404
    8700 Lennar Corp 439,717 340,605
    202 Lennar Corp CL B 8,685 6,329
    1185 Ligand Pharmaceuticals 96,049 160,805
    3180 Linde PLC 519,787 496,207
    5244 Live Nation Entertainment In 193,896 258,267
    1117 LPL Financial Holdings Inc 35,677 68,226
    4860 Mack Cali Realty 96,021 95,207
    1661 Magellan Health Inc 124,140 94,494
    4671 Manitowoc Co Inc 107,187 68,991
    4011 Martin Marietta Materials 862,392 689,371
    2992 Maxlinear Inc 73,722 52,659
    3000 McDonald's Corp 169,041 532,710
    6300 Medtronic PLC 517,458 573,048
    5000 Merck & Co Inc 43,152 382,050
    6687 Meritor Inc 86,684 113,077
    7400 Microchip Technology 559,283 532,208
    19740 Microsoft Corporation 1,562,894 2,004,992
    1783 Middleby Corp 140,706 183,168
    48,300 Mitsubishi UFJ Finl 309,811 235,221
    939 Molina Healthcare 44,133 109,131
    9500 Mondelez International Inc 415,272 380,285
    7400 National Fuel Gas Co 427,203 378,732
    3244 National Instruments Corp 116,871 147,213
    913 Navistar Intl Corp 34,087 23,692
    4332 NCR Corp 129,955 99,983
    6415 Nestle SA Sponsored 225,762 519,294
    1322 Nice Ltd 116,872 143,054
    5100 Nike Class-B Class B 293,600 378,114
    1251 Novanta Inc 70,777 78,813
    8100 Novartis AG 608,955 695,061
    7500 Novo-Nordisk AS 70,441 345,525
    1486 Nu Skin Enterprises Inc 74,997 91,136
    8111 Nuance 127,456 107,309
    4692 NXP Semiconductors NV 419,815 343,830
    774 Old Dominion Freight Line 55,228 95,581
    2330 Orion Engineered 76,709 58,902
    8559 Oshkosh Corp 611,159 524,752
    3200 Owens Corning 229,900 140,736
    2530 PacWest Bancorp 96,073 84,198
    3084 Parker Hannifin Corp 511,572 459,948
    9083 Parsley Energy Inc 223,466 145,146
    16,184 Paypal Holdings Inc 685,723 1,360,913
    964 Penumbra Inc 135,613 117,801
    5836 Peoples United 94,329 84,213
    4000 Pepsico Inc 245,221 441,920
    3554 Performance Food 110,109 114,688
    1362 Perrigo Co PLC SHS 105,881 52,778
    4949 Perspecta Inc 126,406 85,222
    18,646 Philip Morris Intl 912,959 1,244,807
    5600 Phillips 66 446,000 482,440
    1483 Pinnacle West Cap CP 121,042 126,352
    1900 Pioneer Natural 335,498 249,888
    3980 Plains GP Holdings LP 189,474 79,998
    6713 Platform Specialty 79,663 69,345
    1633 Plexus Corp 95,379 83,414
    2846 PNM Resources Inc 62,284 116,942
    2935 Portola Pharmaceuticals Inc 94,370 57,291
    911 Post Holdings Inc 88,515 81,197
    5016 PPG Industries 531,336 512,786
    872 Primerica Inc 47,130 85,203
    5100 Procter And Gamble 222,783 468,792
    11,200 Pure Storage Inc 241,273 180,096
    3101 Quanta Services Inc 101,682 93,340
    1138 Raymond James 53,225 84,679
    1343 Retail Value Inc 43,178 34,367
    4157 Ritchie Bros Auctioneers 132,955 136,017
    6800 Roche Holding AG 200,298 210,476
    1792 Rogers Corp 268,990 177,516
    2431 Roper Technologies Inc 433,655 647,910
    6603 Sabre Corp 165,009 142,889
    4885 SalesforceCom Inc 183,722 669,098
    4019 SBA Communications Corp 380,119 650,636
    1553 Sherwin-Williams Co 628,919 611,043
    13,430 Site Centers Corp 279,915 148,670
    1671 Siteone Landscape Supply Inc 55,854 92,356
    3129 Six Flags Entertainment Corp 135,601 174,066
    1761 Skywest Inc 74,552 78,312
    9940 Sony Corp 464,250 479,903
    5500 State Street Corporation 470,150 346,885
    5376 Sterling Bancorp Del 127,681 88,758
    1812 Stifel Financial Corp 63,289 75,053
    2779 Suntoys International Co Ltd 278,241 282,652
    1173 Synnex Corp 95,520 94,825
    5824 Synovus Financial 113,075 186,310
    8000 Tegna Inc 89,378 86,960
    1079 Teledyne Technologies Inc 197,582 223,429
    931 Teleflex Inc 234,495 240,645
    2411 Teradata Corp Del 90,625 92,486
    2698 Teradyne Inc 98,399 84,663
    6236 Texas Instruments Inc 158,676 589,302
    600 The Walt Disney Company 55,986 65,790
    3023 Thermo Fisher Scientific Inc 464,529 676,517
    3303 Timken Co 146,904 123,268
    10,792 TJX Companies Inc 406,233 482,834
    1411 Toro Co 48,314 78,847
    8300 Total SA 502,977 433,094
    3847 Transunion 146,195 218,510
    2084 Trex Co Inc 128,190 123,706
    8600 Twenty-First Century Fox 121,083 413,832
    13,400 Twitter Inc 459,073 385,116
    1911 UGI Corporation 33,746 101,952
    8200 Unilever NV 424,477 441,160
    2750 Union Pacific Corp 292,999 380,133
    4500 United Technologies Corp 321,246 479,160
    1643 Universal Electronics Inc 104,889 41,535
    992 Vail Resorts Inc 190,628 209,133
    2775 Veeva Systems Inc 76,005 247,863
    1771 Verint SYS Inc 82,200 74,931
    4816 Virtu Financial Inc 96,187 124,060
    8734 Visa Inc 451,677 1,152,364
    3099 Voya Financial Inc 117,288 124,394
    10,100 Walgreens Boots Alliance Inc 618,524 690,133
    2098 Weight Watchers Intl Inc 156,291 80,878
    5500 Wells Fargo & Co 234,341 253,440
    972 West Pharmaceutical Services 86,577 95,285
    2918 Western Alliance 113,515 115,232
    997 Wex Inc 117,634 139,640
    6809 WPX Energy Inc 121,977 77,282
    1650 Wyndham Hotels 67,890 74,861
    2164 Wyndham Worldwide 115,703 77,558
    4875 Zions Bancorp 131,392 198,608
    9711 Zoetis Inc 567,983 830,679

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AG Energy Partners II LP AT COST 1,001,860 1,002,105
    AG Realty Fund VIII LP AT COST 461,948 660,207
    Axiom Emerging Markets Equity Fund AT COST 5,159,699 5,321,995
    Baring Focused EAFE Plus Equity Fund AT COST 16,088,630 14,852,122
    Black Stone Minerals LP - Common AT COST 709,903 3,517,103
    Black Stone Minerals LP - Subordinated AT COST   3,561,731
    Centeroak Equity Fund I LP AT COST 1,514,056 1,906,351
    CVI Credit Value Fund B II LP AT COST 615,874 722,223
    Dominion Energy Midstream Partners LP AT COST 201,024 149,732
    Energy Transfer LP AT COST 440,922 484,701
    Enlink Midstream Partners LP AT COST 38,250 125,514
    Enterprise Products Partners LP AT COST 164,576 302,457
    Francisco Partners V-B LP AT COST 529,567 568,607
    Iridian Private Business Value Equity LP AT COST 1,084,563 979,273
    Magellan Midstream Partners LP AT COST 175,383 222,534
    Mineral Interests (Net of Depletion) AT COST 1,129 1,272,727
    Newstone Capital Partners II LP AT COST 142,006 145,431
    Phillips 66 Partners LP AT COST 85,311 101,064
    Plains All American Pipeline LP AT COST 142,143 120,240
    RCP Secondary Opp Fund LP AT COST 132 275,877
    Thompson Street Capital Partners III LP AT COST 1,078,809 1,332,050
    Thompson Street Capital Partners IV LP AT COST 1,400,104 1,730,447
    Thompson Street Capital Partners V LP AT COST 124,167 120,147
    Trumbull Property Fund LP AT COST 2,232,010 3,523,461
    Warburg Pincus Private Equity XII LP AT COST 1,516,622 1,976,552
    Weathergage Venture Capital II LP AT COST 709,881 1,492,527
    Weathergage Venture Capital III (Cayman) AT COST 1,540,000 2,341,060
    Weathergage Venture Capital IV (Cayman) AT COST 440,000 468,198
    Western Gas Equity Partners LP AT COST 98,778 144,196
    Western Gas Partners LP AT COST 60,301 156,251

    TY 2018 OtherExpensesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Membership dues and subscriptions 11,499     11,499
    Office expense 583 292   291
    Passthrough K-1 expenses 780,404 695,809    
    Royalty expenses 80,944 80,944    
    Service fees and other 18,414 9,207   9,207


    TY 2018 OtherIncomeSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    IRC Sec. 965(a) income 5,185 5,185  
    Oil & gas royalties 679,980 679,980  
    Other Income 2,994 2,994  
    Passthrough K-1 income 756,358 857,356  


    TY 2018 OtherIncreasesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Description Amount
    Difference between book & FMV of noncash grants 3,630,386


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative services 100,000 50,000 0 50,000
    Investment management fees 948,164 948,164 0 0
    Professional services 5,930 5,555 0 375


    TY 2018 ReductionExplanationStatement
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Explanation:
    Description: Non-publicly traded partnerships and foreign funds Percentage: 0.0 Asset FMV: 44255840 Discount: 2280146 Explanation: The Foundation utilizes conservative discounts for lack of liquidity, marketability and control when determining the value of its non-publicly traded and foreign investments. The discounts are determined in accordance with guidance issued by private equity industry experts.

    TY 2018 TaxesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    18007218
    Software Version:
    2018v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ad valorem taxes 3 3    
    Federal excise tax 285,000      
    Foreign tax 90,360 90,360    
    State income tax 3,793 3,793