Form990-PF

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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Valley Baptist Legacy Foundation
 
% KIMBERLY ANDERSON
Number and street (or P.O. box number if mail is not delivered to street address)1267 North Stuart Place Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Harlingen, TX78552
A Employer identification number

74-1936869
B Telephone number (see instructions)

(956) 335-3044
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$422,761,428J 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) 731,242
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 8,189,587 8,189,587  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 5,663,755
b Gross sales price for all assets on line 6a 105,941,402
7 Capital gain net income (from Part IV, line 2)... 5,663,755
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 27,115 2,115  
12 Total. Add lines 1 through 11........ 14,611,699 13,855,457  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 373,690 66,475   288,905
14 Other employee salaries and wages...... 329,687 19,182   300,072
15 Pension plans, employee benefits....... 103,838 9,410   94,306
16a Legal fees (attach schedule)......... 7,141 2,013   3,418
b Accounting fees (attach schedule)....... 47,546 4,238   42,529
c Other professional fees (attach schedule).... Click to see attachment 953,180 953,180    
17 Interest............... 121,449      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 107,772 4,473   44,880
19 Depreciation (attach schedule) and depletion... Click to see attachment 29,708    
20 Occupancy.............. 30,282 2,511   25,286
21 Travel, conferences, and meetings....... 15,659 1,246   18,139
22 Printing and publications.......... 2,598 235   2,362
23 Other expenses (attach schedule)....... Click to see attachment 362,016 215,627   154,325
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,484,566 1,278,590   974,222
25 Contributions, gifts, grants paid....... 45,999,759 22,712,191
26 Total expenses and disbursements. Add lines 24 and 25 48,484,325 1,278,590   23,686,413
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -33,872,626
b Net investment income (if negative, enter -0-) 12,576,867
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 84,436 88,684 88,684
2 Savings and temporary cash investments......... 11,585,157 6,717,451 6,717,451
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet7,500
Less: allowance for doubtful accounts bullet   12,500 7,500 7,500
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.......... 31,120 58,548 58,548
10a Investments—U.S. and state government obligations (attach schedule) 13,718,172 Click to see attachment14,749,332 14,749,332
b Investments—corporate stock (attach schedule)....... 257,452,701 Click to see attachment278,472,002 278,472,002
c Investments—corporate bonds (attach schedule)....... 69,343,654 Click to see attachment68,680,637 68,680,637
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 35,904,132 Click to see attachment41,695,761 41,695,761
14 Land, buildings, and equipment: basis bullet940,636
Less: accumulated depreciation (attach schedule) bullet232,045 712,930 708,591 708,591
15 Other assets (describe bullet) Click to see attachment11,735,768 Click to see attachment11,582,922 Click to see attachment11,582,922
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 400,580,570 422,761,428 422,761,428
Liabilities 17 Accounts payable and accrued expenses.......... 86,280 87,859
18 Grants payable................. 1,355,379 24,642,946
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 attachment2,344,374 Click to see attachment2,228,237
23 Total liabilities (add lines 17 through 22)......... 3,786,033 26,959,042
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 387,241,804 385,711,632
25 Net assets with donor restrictions............ 9,552,733 10,090,754
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 396,794,537 395,802,386
30 Total liabilities and net assets/fund balances (see instructions). 400,580,570 422,761,428
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
396,794,537
2
Enter amount from Part I, line 27a .....................
2
-33,872,626
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
33,369,498
4
Add lines 1, 2, and 3 ..........................
4
396,291,409
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
489,023
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
395,802,386
Form 990-PF (2020)
Form 990-PF (2020)
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 US TRUST BOA - SEE ATTACHMENT D-1 P    
b US TRUST BOA - SEE ATTACHMENT D-2 P    
c US TRUST BOA - BASIS ADJUSTMENT P    
d UBS - SEE ATTACHMENT D-3 P    
e UBS - SEE ATTACHMENT D-4 P    
HEALTH ENTERPRISE PARTNERS LP P    
SANTE HEALTH VENTURES I, LP P    
PRISA LP P    
TIFF PRIVATE EQUITY PARTNERS 2018, LP P    
TIFF PRIVATE EQUITY PARTNERS 2018, LP P    
TIFF PRIVATE EQUITY PARTNERS 2019, LP P    
TIFF PRIVATE EQUITY PARTNERS 2019, LP P    
(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 28,469,191   28,792,962 -323,771
b 45,208,691   40,987,630 4,221,061
c 47,638     47,638
d 14,158,965   14,166,068 -7,103
e 16,780,223   15,522,537 1,257,686
2,888     2,888
514,484   58,450 456,034
14,897     14,897
136     136
32,917     32,917
509     509
11,183     11,183
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       -323,771
b       4,221,061
c       47,638
d       -7,103
e       1,257,686
      2,888
      456,034
      14,897
      136
      32,917
      509
      11,183
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 5,663,755
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 174,818
c All other domestic foundations enter 1.39% 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........................... 3 174,818
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- ..... 5 174,818
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 164,965
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 15,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 179,965
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 5,147
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,147 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? Click to see list of attachments....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the 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 changesClick to see list of attachments....
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.Click to see list of attachments
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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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.vblf.org
    14
    The books are in care ofbulletKIMBERLY ANDERSON Telephone no.bullet (956) 335-3044

    Located atbullet1267 NORTH STUART PLACE ROADHARLINGENTX ZIP+4bullet78552
    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 2020, 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
     
     
    ........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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    3b
     
     
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
     
     
    .........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
    LEONEL VELA MD DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    YOLANDA DE LEON DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    ARNIE GONZALEZ DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    CHRISTINA GARCIA ED D VIRGILIO DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    BILLY BRADFORD DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    KIMBERLY ANDERSON FINANCE DIRECTOR
    40.0     		175,422 25,244 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JACK ABBOTT DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    FRANK COSTILLA DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    BETH PACE CHAIRPERSON
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JULIO CAVAZOS VICE CHAIRPERSON
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JUDY QUISENBERRY EXECUTIVE DIRECTOR
    40.0     		198,268 16,442 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    BOB DUNCAN DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JAMES CASTILLO MD DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    STEPHANIE JACKSON DDS SECRETARY
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    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
    JAMIE AMAYA BOARD SECRETARY
    40.0     		61,169 7,005 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    EVELYN CASTILLEJA GARZA GRANTS SPECIALIST
    40.0     		76,196 12,900 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    ALBERTO ESPINOZA EVALUATION SPECTIALI
    40.0     		78,845 12,280 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    BERNADETTE PEREZ GRANTS ASSISTANT
    40.0     		57,037 11,210 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    JUANITA REYES - ALMANZA STAFF ACCOUNTANT
    40.0     		55,607 19,056 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    UBS FINANCIAL SERVICES INC INVESTMENT BROKER 135,161
    1100 POYDRAS STREET STE 900
    NEW ORLEANS,LA701630900
    BANK OF AMERICA PRIVATE BANK INVESTMENT BROKER 819,064
    300 COVENANT STREET 8TH FLOOR
    SAN ANTONIO,TX78205
    Total number of others receiving over $50,000 for professional services.............bullet0
    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 (2020)
    Form 990-PF (2020)
    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
    371,513,969
    b
    Average of monthly cash balances.......................
    1b
    90,626
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,278,199
    d
    Total (add lines 1a, b, and c).........................
    1d
    380,882,794
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    380,882,794
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,713,242
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    375,169,552
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    18,758,478
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    18,758,478
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    174,818
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    174,818
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    18,583,660
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    18,583,660
    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
    18,583,660
    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
    23,686,413
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    23,686,413
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    23,686,413
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 18,583,660
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 6,236,188
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 23,686,413
    a Applied to 2019, but not more than line 2a 6,236,188
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 17,450,225
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (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 0
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		1,133,435
    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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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:
    JUDY QUISENBERRY
    1267 N STUART PLACE RD
    HARLINGEN,TX78552
    (956) 335-3037
    bThe form in which applications should be submitted and information and materials they should include:
    JUDY QUISENBERRY APPLICATION FORM AVAILABLE ON VALLEY BAPTIST LEGACY FOUNDATION WEBSITE INCLUDE 501(C)(3) DETERMINATION, PROGRAM BUDGET, 2 PRIOR YEAR FINANCIAL STATEMENTS, CURRENT YEAR BUDGET, AUDIT, BUDGET NARRATIVE AND BOARD MEMBER LISTING, IF APPLICABLE.
    cAny submission deadlines:
    JUDY QUISENBERRY NOVEMBER 1, MAY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    JUDY QUISENBERRY MUST SERVE 4 COUNTIES- CAMERON, HIDALGO, WILLACY & STARR SHOULD BE HEALTHCARE RELATED, 501(C)(3) OR GOVERNMENT ENTITY
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    CHILD ABUSE EDUCATION PROGRAM OF SOUTH TEXAS
    2922 Emerald Lake Dr
    HARLINGEN,TX78550     		NONE PC CHARITABLE 7,500
    PROYECTO JUAN DIEGO INC
    PO BOX 8038
    BROWNSVILLE,TX78526     		NONE PC CHARITABLE 29,560
    THE SALVATION ARMY - HARLINGEN
    119 E MONROE
    HARLINGEN,TX78550     		NONE PC CHARITABLE 50,000
    AURORA HOUSE FOUNDATION
    2646 W 18TH STREET
    WESLACO,TX78596     		NONE PC CHARITABLE 60,000
    Loaves & Fishes of the Rio Grande Valley Inc
    514 S E ST
    HARLINGEN,TX78550     		NONE PC CHARITABLE 8,733
    UTRGV SCHOOL OF MEDICINE
    1201 WEST UNIVERSITY DR
    EDINBURG,TX78539     		NONE PC CHARITABLE 16,511,956
    GOOD NEIGHBOR SETTLEMENT HOUSE
    1254 E TYLER ST
    BROWNSVILLE,TX78520     		NONE PC CHARITABLE 183,000
    DENTISTS WHO CARE INC
    307 E RAILROAD ST STE 112
    WESLACO,TX78596     		NONE PC CHARITABLE 25,000
    72 NURSING SCHOLARSHIPS RANGING FROM 250-1000
    C/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I NURSING SCHOLARSHIP 31,048
    27 VOUCHERS FOR MAMMOGRAMS OR BREAST PROSTHETICS
    C/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I PROVIDE MAMMOGRAMS OR BREAST PROSTHETICS 3,711
    BUCKNER CHILDREN AND FAMILY SERVICES INC
    700 N PEARL ST STE 1200
    DALLAS,TX75201     		NONE PC CHARTIABLE 55,000
    CULTURE OF LIFE MINISTRIES
    PO BOX 533162
    HARLINGEN,TX78553     		NONE PC CHARITABLE 303,450
    FOOD BANK OF THE RGV
    PO BOX 6251
    MCALLEN,TX78502     		NONE PC CHARITABLE 518,686
    IT'S TIME TEXAS
    911 W ANDERSON LN STE 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 110,000
    LA POSADA PROVIDENCIA
    30094 MARYDALE RD
    SAN BENITO,TX78586     		NONE PC CHARITABLE 16,000
    LOWER RIO GRANDE VALLEY DEVELOPMENT COUNCIL
    301 W RAILROAD ST
    WESLACO,TX78596     		NONE PC CHARITABLE 5,157
    SOUTH TEXAS EMERGENCY CARE FOUNDATION
    PO BOX 533668
    HARLINGEN,TX78553     		NONE PC CHARITABLE 60,881
    SUNSHINE HAVEN INC
    7105 W LAKESIDE BLVD
    OLMITO,TX78575     		NONE PC CHARITABLE 27,000
    THE SALVATION ARMY - MCALLEN
    1600 N 23RD ST
    MCALLEN,TX78501     		NONE PC CHARITABLE 30,000
    ALZHEIMER'S ASSOCIATION SAN ANTONIO & SOUTH TEXAS
    10223 McAllister Fwy 100
    SAN ANTONIO,TX78216     		NONE PC CHARITABLE 50,000
    AMERICAN HEART ASSOCIATION
    7272 Greenville Ave
    DALLAS,TX75231     		NONE PC CHARITABLE 115,796
    AMIGOS DEL VALLE
    4138 Crosspoint Blvd
    EDINBURG,TX78539     		NONE PC CHARITABLE 370,000
    ARISE
    635 James St
    Syracuse,NY13203     		NONE PC CHARITABLE 170,587
    AUSTIN COMMUNITY FOUNDATION
    4315 Guadalupe St Ste 300
    AUSTIN,TX78751     		NONE PC CHARITABLE 2,500
    BOYS AND GIRLS CLUB OF HARLINGEN
    1209 W Washington Ave
    Harlingen,TX78550     		NONE PC CHARITABLE 850,000
    BROWNSVILLE WELLNESS COALITION
    1 W University Blvd
    Brownsville,TX78520     		NONE PC CHARITABLE 42,500
    CAMP UNIVERSITY
    PO Box 2294
    Mcallen,TX78502     		NONE PC CHARITABLE 46,995
    CHILDREN'S DEFENSE FUND OF TEXAS
    840 1st St NE STE 300
    WASHINGTON,DC20002     		NONE PC CHARITABLE 85,000
    CITY OF ALAMO
    715 E BUSINESS 83
    ALAMO,TX78516     		NONE GOV CHARITABLE 55,583
    CITY OF ELSA
    102 DIANA ST
    ELSA,TX78543     		NONE GOV CHARITABLE 26,281
    CITY OF LOS FRESNOS
    520 E Ocean Blvd
    LOS FRESNOS,TX78566     		NONE GOV CHARITABLE 75,000
    CITY OF MCALLEN
    1300 Houston Avenue
    MCALLEN,TX78501     		NONE GOV CHARITABLE 24,743
    CITY OF PHARR
    118 S Cage Blvd
    PHARR,TX78577     		NONE GOV CHARITABLE 50,000
    DRISCOLL CHILDREN'S HOSPITAL
    3533 S Alameda St
    CORPUS CHRISTI,TX78411     		NONE PC CHARITABLE 150,000
    HOLY FAMILY SERVICES
    5819 N FM 88
    Weslaco,TX78599     		NONE PC CHARITABLE 293,270
    IDEA PUBLIC SCHOOLS
    2115 W Pike Blvd
    Weslaco,TX78596     		NONE PC CHARITABLE 306,426
    LA UNION DEL PUEBLO ENTERO
    PO Box 188
    San Juan,TX78589     		NONE PC CHARITABLE 120,122
    LAGUNA MADRE YOUTH CENTER
    190 Port Rd
    Port Isabel,TX78578     		NONE PC CHARITABLE 50,000
    MOODY CLINIC
    1901 E 22nd Street
    BROWNSVILLE,TX78521     		NONE PC CHARITABLE 120,518
    PROSPERA
    1072 60th Street 3
    oakland,CA94608     		NONE PC CHARITABLE 25,000
    RAILS TO TRAILS CONSERVANCY
    2121 Ward Ct NW Fl 5
    Washington,DC20037     		NONE PC CHARITABLE 178,905
    RGSC CITIZENS VOLUNTEER COUNCIL
    PO Box 451
    Harlingen,TX78551     		NONE PC CHARITABLE 50,000
    CITY OF RIO GRANDE CITY
    5332 E Highway 83
    RIO GRANDE CITY,TX78582     		NONE GOV CHARITABLE 44,120
    SIGHT SAVERS AMERICA
    337 Business Cir
    Pelham,AL35124     		NONE PC CHARITABLE 30,000
    SAN BENITO FOOD PANTRY
    PO Box 1246
    San Benito,TX78586     		NONE PC CHARITABLE 5,000
    SPECIAL OLYMPICS RGV
    13400 Immanuel Road 1C
    Pflugerville,TX78660     		NONE PC CHARITABLE 30,000
    TEXAS FAMILY OUTREACH
    455 E Levee St
    BROWNSVILLE,TX78520     		NONE PC CHARITABLE 34,205
    THE SALVATION ARMY
    440 W Nyack Rd
    West Nyack,NY10994     		NONE PC CHARITABLE 55,000
    THE TSTC FOUNDATION
    3801 Campus Dr
    WACO,TX76705     		NONE PC CHARITABLE 397,576
    UNITED WAY
    701 N Fairfax Street
    ALEXANDRIA,VA22314     		NONE PC CHARITABLE 258,242
    UNITED WAY OF SOUTHERN CAMERON COUNTY
    634 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 479,777
    VALLEY BAPTIST MEDICAL CENTER
    2101 Pease St
    HARLINGEN,TX78550     		NONE PC CHARITABLE 17,363
    VIDA
    2612 S Arlington Mill Dr APT C
    Arlington,VA22206     		NONE PC CHARITABLE 60,000
    The Texas Campaign to Prevent Teen Pregnancy
    PO Box 10357
    AUSTIN,TX78766     		NONE PC SCHOLARSHIPS - South Tx Adolescent Virtual Summit (Program Development) 5,000
    Total .................................bullet 3a 22,712,191
    bApproved for future payment
    AMERICAN HEART ASSOCIATION
    7272 GREENSVILLE AVE
    DALLAD,TX75231     		NONE PC CHARITABLE 117,168
    BROWNSVILLE WELLNESS COALITION
    1 W University Blvd
    Brownsville,TX78520     		NONE PC CHARITABLE 2,500
    CITY OF PHARR
    118 S Cage Blvd
    PHARR,TX78577     		NONE GOV CHARITABLE 500,000
    IDEA PUBLIC SCHOOLS
    2115 W Pike Blvd
    Weslaco,TX78596     		NONE GOV CHARITABLE 193,464
    RAILS TO TRAILS CONSERVANCY
    2121 Ward Ct NW Fl 5
    Washington,DC20037     		NONE PC CHARITABLE 245,020
    UTRGV SCHOOL OF MEDICINE
    1201 WEST UNIVERSITY DR
    Edinburg,TX78539     		NONE PC CHARITABLE 21,500,000
    AURORA HOUSE FOUNDATION
    2646 W 18TH STREET
    WESLACO,TX78596     		NONE PC CHARITABLE 40,000
    DENTISTS WHO CARE INC
    307 E RAILROAD ST STE 112
    Weslaco,TX78596     		NONE PC CHARITABLE 25,000
    SUNSHINE HAVEN
    7105 W LAKESIDE BLVD
    Olmito,TX78575     		NONE PC CHARITABLE 18,000
    CITY OF RIO HONDO BOAT RAMP
    323 N Arroyo Blvd
    RIO HONDO,TX78583     		NONE PC CHARITABLE 500,000
    AMIGOS DEL VALLE
    4138 Crosspoint Blvd
    Edinburg,TX78539     		NONE PC CHARITABLE 40,000
    FOOD BANK OF THE RIO GRANDE VALLEY
    PO Box 6251
    Mcallen,TX78502     		NONE PC CHARITABLE 39,721
    THE SALVATION ARMY - MCALLEN
    1600 N 23RD ST
    MCALLEN,TX78501     		NONE PC CHARITABLE 10,000
    UNITED WAY SCC
    634 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 129,121
    IT'S TIME TEXAS
    911 W Anderson Ln Ste 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 9,438
    Total .................................bullet 3b 23,369,432
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		         
    4 Dividends and interest from securities....     14 8,189,587  
    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 ............     		    26 5,663,755  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMANAGEMENT FEE REVENUE     		541610 25,000   0  
    bPARTNERSHIP INCOME 900099 0 01 2,115  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 25,000 13,855,457  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,880,457
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Form 990PF Part XV Line 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
    CHILD ABUSE EDUCATION PROGRAM OF SOUTH TEXAS2922 Emerald Lake Dr
    HARLINGEN,TX78550     		NONE PC CHARITABLE 7,500
    PROYECTO JUAN DIEGO INCPO BOX 8038
    BROWNSVILLE,TX78526     		NONE PC CHARITABLE 29,560
    THE SALVATION ARMY - HARLINGEN119 E MONROE
    HARLINGEN,TX78550     		NONE PC CHARITABLE 50,000
    AURORA HOUSE FOUNDATION2646 W 18TH STREET
    WESLACO,TX78596     		NONE PC CHARITABLE 60,000
    Loaves & Fishes of the Rio Grande Valley Inc514 S E ST
    HARLINGEN,TX78550     		NONE PC CHARITABLE 8,733
    UTRGV SCHOOL OF MEDICINE1201 WEST UNIVERSITY DR
    EDINBURG,TX78539     		NONE PC CHARITABLE 16,511,956
    GOOD NEIGHBOR SETTLEMENT HOUSE1254 E TYLER ST
    BROWNSVILLE,TX78520     		NONE PC CHARITABLE 183,000
    DENTISTS WHO CARE INC307 E RAILROAD ST STE 112
    WESLACO,TX78596     		NONE PC CHARITABLE 25,000
    72 NURSING SCHOLARSHIPS RANGING FROM 250-1000C/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I NURSING SCHOLARSHIP 31,048
    27 VOUCHERS FOR MAMMOGRAMS OR BREAST PROSTHETICSC/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I PROVIDE MAMMOGRAMS OR BREAST PROSTHETICS 3,711
    BUCKNER CHILDREN AND FAMILY SERVICES INC700 N PEARL ST STE 1200
    DALLAS,TX75201     		NONE PC CHARTIABLE 55,000
    CULTURE OF LIFE MINISTRIESPO BOX 533162
    HARLINGEN,TX78553     		NONE PC CHARITABLE 303,450
    FOOD BANK OF THE RGVPO BOX 6251
    MCALLEN,TX78502     		NONE PC CHARITABLE 518,686
    IT'S TIME TEXAS911 W ANDERSON LN STE 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 110,000
    LA POSADA PROVIDENCIA30094 MARYDALE RD
    SAN BENITO,TX78586     		NONE PC CHARITABLE 16,000
    LOWER RIO GRANDE VALLEY DEVELOPMENT COUNCIL301 W RAILROAD ST
    WESLACO,TX78596     		NONE PC CHARITABLE 5,157
    SOUTH TEXAS EMERGENCY CARE FOUNDATIONPO BOX 533668
    HARLINGEN,TX78553     		NONE PC CHARITABLE 60,881
    SUNSHINE HAVEN INC7105 W LAKESIDE BLVD
    OLMITO,TX78575     		NONE PC CHARITABLE 27,000
    THE SALVATION ARMY - MCALLEN1600 N 23RD ST
    MCALLEN,TX78501     		NONE PC CHARITABLE 30,000
    ALZHEIMER'S ASSOCIATION SAN ANTONIO & SOUTH TEXAS10223 McAllister Fwy 100
    SAN ANTONIO,TX78216     		NONE PC CHARITABLE 50,000
    AMERICAN HEART ASSOCIATION7272 Greenville Ave
    DALLAS,TX75231     		NONE PC CHARITABLE 115,796
    AMIGOS DEL VALLE4138 Crosspoint Blvd
    EDINBURG,TX78539     		NONE PC CHARITABLE 370,000
    ARISE635 James St
    Syracuse,NY13203     		NONE PC CHARITABLE 170,587
    AUSTIN COMMUNITY FOUNDATION4315 Guadalupe St Ste 300
    AUSTIN,TX78751     		NONE PC CHARITABLE 2,500
    BOYS AND GIRLS CLUB OF HARLINGEN1209 W Washington Ave
    Harlingen,TX78550     		NONE PC CHARITABLE 850,000
    BROWNSVILLE WELLNESS COALITION1 W University Blvd
    Brownsville,TX78520     		NONE PC CHARITABLE 42,500
    CAMP UNIVERSITYPO Box 2294
    Mcallen,TX78502     		NONE PC CHARITABLE 46,995
    CHILDREN'S DEFENSE FUND OF TEXAS840 1st St NE STE 300
    WASHINGTON,DC20002     		NONE PC CHARITABLE 85,000
    CITY OF ALAMO715 E BUSINESS 83
    ALAMO,TX78516     		NONE GOV CHARITABLE 55,583
    CITY OF ELSA102 DIANA ST
    ELSA,TX78543     		NONE GOV CHARITABLE 26,281
    CITY OF LOS FRESNOS520 E Ocean Blvd
    LOS FRESNOS,TX78566     		NONE GOV CHARITABLE 75,000
    CITY OF MCALLEN1300 Houston Avenue
    MCALLEN,TX78501     		NONE GOV CHARITABLE 24,743
    CITY OF PHARR118 S Cage Blvd
    PHARR,TX78577     		NONE GOV CHARITABLE 50,000
    DRISCOLL CHILDREN'S HOSPITAL3533 S Alameda St
    CORPUS CHRISTI,TX78411     		NONE PC CHARITABLE 150,000
    HOLY FAMILY SERVICES5819 N FM 88
    Weslaco,TX78599     		NONE PC CHARITABLE 293,270
    IDEA PUBLIC SCHOOLS2115 W Pike Blvd
    Weslaco,TX78596     		NONE PC CHARITABLE 306,426
    LA UNION DEL PUEBLO ENTEROPO Box 188
    San Juan,TX78589     		NONE PC CHARITABLE 120,122
    LAGUNA MADRE YOUTH CENTER190 Port Rd
    Port Isabel,TX78578     		NONE PC CHARITABLE 50,000
    MOODY CLINIC1901 E 22nd Street
    BROWNSVILLE,TX78521     		NONE PC CHARITABLE 120,518
    PROSPERA1072 60th Street 3
    oakland,CA94608     		NONE PC CHARITABLE 25,000
    RAILS TO TRAILS CONSERVANCY2121 Ward Ct NW Fl 5
    Washington,DC20037     		NONE PC CHARITABLE 178,905
    RGSC CITIZENS VOLUNTEER COUNCILPO Box 451
    Harlingen,TX78551     		NONE PC CHARITABLE 50,000
    CITY OF RIO GRANDE CITY5332 E Highway 83
    RIO GRANDE CITY,TX78582     		NONE GOV CHARITABLE 44,120
    SIGHT SAVERS AMERICA337 Business Cir
    Pelham,AL35124     		NONE PC CHARITABLE 30,000
    SAN BENITO FOOD PANTRYPO Box 1246
    San Benito,TX78586     		NONE PC CHARITABLE 5,000
    SPECIAL OLYMPICS RGV13400 Immanuel Road 1C
    Pflugerville,TX78660     		NONE PC CHARITABLE 30,000
    TEXAS FAMILY OUTREACH455 E Levee St
    BROWNSVILLE,TX78520     		NONE PC CHARITABLE 34,205
    THE SALVATION ARMY440 W Nyack Rd
    West Nyack,NY10994     		NONE PC CHARITABLE 55,000
    THE TSTC FOUNDATION3801 Campus Dr
    WACO,TX76705     		NONE PC CHARITABLE 397,576
    UNITED WAY701 N Fairfax Street
    ALEXANDRIA,VA22314     		NONE PC CHARITABLE 258,242
    UNITED WAY OF SOUTHERN CAMERON COUNTY634 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 479,777
    VALLEY BAPTIST MEDICAL CENTER2101 Pease St
    HARLINGEN,TX78550     		NONE PC CHARITABLE 17,363
    VIDA2612 S Arlington Mill Dr APT C
    Arlington,VA22206     		NONE PC CHARITABLE 60,000
    The Texas Campaign to Prevent Teen PregnancyPO Box 10357
    AUSTIN,TX78766     		NONE PC SCHOLARSHIPS - South Tx Adolescent Virtual Summit (Program Development) 5,000
    Total ...............................bullet 3a 22,712,191
    bApproved for future payment
    AMERICAN HEART ASSOCIATION7272 GREENSVILLE AVE
    DALLAD,TX75231     		NONE PC CHARITABLE 117,168
    BROWNSVILLE WELLNESS COALITION1 W University Blvd
    Brownsville,TX78520     		NONE PC CHARITABLE 2,500
    CITY OF PHARR118 S Cage Blvd
    PHARR,TX78577     		NONE GOV CHARITABLE 500,000
    IDEA PUBLIC SCHOOLS2115 W Pike Blvd
    Weslaco,TX78596     		NONE GOV CHARITABLE 193,464
    RAILS TO TRAILS CONSERVANCY2121 Ward Ct NW Fl 5
    Washington,DC20037     		NONE PC CHARITABLE 245,020
    UTRGV SCHOOL OF MEDICINE1201 WEST UNIVERSITY DR
    Edinburg,TX78539     		NONE PC CHARITABLE 21,500,000
    AURORA HOUSE FOUNDATION2646 W 18TH STREET
    WESLACO,TX78596     		NONE PC CHARITABLE 40,000
    DENTISTS WHO CARE INC307 E RAILROAD ST STE 112
    Weslaco,TX78596     		NONE PC CHARITABLE 25,000
    SUNSHINE HAVEN7105 W LAKESIDE BLVD
    Olmito,TX78575     		NONE PC CHARITABLE 18,000
    CITY OF RIO HONDO BOAT RAMP323 N Arroyo Blvd
    RIO HONDO,TX78583     		NONE PC CHARITABLE 500,000
    AMIGOS DEL VALLE4138 Crosspoint Blvd
    Edinburg,TX78539     		NONE PC CHARITABLE 40,000
    FOOD BANK OF THE RIO GRANDE VALLEYPO Box 6251
    Mcallen,TX78502     		NONE PC CHARITABLE 39,721
    THE SALVATION ARMY - MCALLEN1600 N 23RD ST
    MCALLEN,TX78501     		NONE PC CHARITABLE 10,000
    UNITED WAY SCC634 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 129,121
    IT'S TIME TEXAS911 W Anderson Ln Ste 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 9,438
    Total ................................bullet 3b 23,369,432
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Valley Baptist Legacy Foundation
     
    Employer identification number

    74-1936869
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number
    74-1936869
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    MM NA EVERETT FOUNDATION
    BOA 901 MAIN ST 19TH FLOOR
     
    DALLAS, TX75202

    		$ 10,860


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TR UA JOHN O REBER MEM COBALT
    BOA 901 MAIN ST 19TH FLOOR
     
    DALLAS, TX75202

    		$ 20,702


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    RUBY RED REALTY
    1267 N Stuart Place Rd
     
    Harlingen, TX78552

    		$ 699,680


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number

    74-1936869
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number

    74-1936869
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2020 DepreciationSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UBS - SEE ATTACHMENT 8-1 44,964,954 44,964,954
    BOA - SEE ATTACHMENT 8-2 23,715,683 23,715,683

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UBS - SEE ATTACHMENT 7-1 143,230,013 143,230,013
    BOA - SEE ATTACHMENT 7-2 135,241,989 135,241,989

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    US Government Securities - End of Year Book Value:

    14,749,332
    US Government Securities - End of Year Fair Market Value:

    14,749,332
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SANTE HEALTH VENTURES   5,866,430 5,866,430
    HEALTH ENTERPRISE PARTNERS   1,363,145 1,363,145
    UBS - SEE ATTACHMENT 9-1   3,931,117 3,931,117
    BOA - SEE ATTACHMENT 9-2   5,574,445 5,574,445
    BOA - SEE ALT INV ATT 9-3   9,604,169 9,604,169
    TIFF ABSOLUTE RETURN POOL II   1,967,740 1,967,740
    BLACKSTONE OFFSHORE PE FUND IV   6,277,514 6,277,514
    PRISA LP   5,192,255 5,192,255
    BLACKSTONE TOTAL ALT SLTS V-A   942,381 942,381
    CANYON DISTRESSED OPP FUND III   976,565 976,565

    TY 2020 OtherAssetsSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ENDOWMENT FUNDS 8,608,538 9,327,439 9,327,439
    RESTRICTED BURIAL PLOT 925 925 925
    INTEREST RECEIVABLE 333,478 252,729 252,729
    INSURANCE POLICIES CASH VALUE 869,086 876,277 876,277
    OTHER RECEIVABLE 70,203 33,740 33,740
    NOTE RECEIVABLE 373,538 361,812 361,812
    LAND HELD FOR RESALE 1,480,000 730,000 730,000


    TY 2020 OtherDecreasesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Amount
    NET ASSETS RELEASED FROM RESTRICTION 489,023


    TY 2020 OtherExpensesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE AND COMPUTER EXPENSE 77,715 7,620   91,339
    INSURANCE 41,238 3,046   30,565
    OTHER EXPENSE 14,576     20,546
    PURCHASED SERVICES 25,366 1,840   11,875
    PORTFOLIO EXPENSES 203,121 203,121    


    TY 2020 OtherIncomeSchedule2
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MANAGEMENT FEE REVENUE 25,000    
    PARTNERSHIP INCOME 2,115 2,115  


    TY 2020 OtherIncreasesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Amount
    TEMP & PERM RESTRICTED NET ASSET CHANGES 538,021
    UNREALIZED GAIN 32,798,206
    BOOK/TAX DIFFERENCES FROM K-1S 33,271


    TY 2020 OtherLiabilitiesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Beginning of Year - Book Value End of Year - Book Value
    ANNUITY LIABILITIES 2,344,374 2,228,237


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    UBS INVESTMENT MGMT FEES 134,116 134,116    
    BOA INVESTMENT MGMT FEES 819,064 819,064    


    TY 2020 TaxesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 49,353 4,473   44,880
    FEDERAL EXCISE TAX 58,419