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
DODGE JONES LEGACY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 701
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ABILENE, TX796040701
A Employer identification number

83-0775721
B Telephone number (see instructions)

(325) 627-7100
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$31,779,368J 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 119,860 119,860  
4 Dividends and interest from securities... 430,374 430,374  
5a Gross rents............ 31,740 31,740  
b Net rental income or (loss) -187,642
6a Net gain or (loss) from sale of assets not on line 10 1,904,668
b Gross sales price for all assets on line 6a 11,494,056
7 Capital gain net income (from Part IV, line 2)... 1,904,668
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 138,342 188,299  
12 Total. Add lines 1 through 11........ 2,624,984 2,674,941  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 930 930   0
b Accounting fees (attach schedule)....... Click to see attachment 14,900 14,900   0
c Other professional fees (attach schedule).... Click to see attachment 128,624 128,624   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 62,590 62,590   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 337,651 325,020  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 255,853 196,171   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 800,548 728,235   0
25 Contributions, gifts, grants paid....... 5,000 5,000
26 Total expenses and disbursements. Add lines 24 and 25 805,548 728,235   5,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,819,436
b Net investment income (if negative, enter -0-) 1,946,706
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............. 3,150 8,064 8,064
2 Savings and temporary cash investments......... 776,835 847,186 847,186
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet980,000
Less: allowance for doubtful accounts bullet0 1,600,000 980,000 980,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 14,617,561 Click to see attachment15,707,993 22,922,992
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).......... 2,501,711 Click to see attachment3,773,086 4,314,625
14 Land, buildings, and equipment: basis bullet2,859,408
Less: accumulated depreciation (attach schedule) bullet75,334 2,796,705 Click to see attachment2,784,074 2,704,426
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment2,075 Click to see attachment2,075
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,295,962 24,102,478 31,779,368
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 0
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...........    
25 Net assets with donor restrictions............    
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........ 21,059,328 21,059,328
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 1,236,634 3,043,150
29 Total net assets or fund balances (see instructions)..... 22,295,962 24,102,478
30 Total liabilities and net assets/fund balances (see instructions). 22,295,962 24,102,478
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
22,295,962
2
Enter amount from Part I, line 27a .....................
2
1,819,436
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
24,115,398
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
12,920
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,102,478
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 1651 AT&T INC. P 2019-07-15 2020-03-24
b 284 BLACKSTONE GROUP INC COM CL A P 2020-09-15 2020-12-02
c 631 BOEING CO P 2019-07-15 2020-03-18
d 1118 CAMDEN PPTY TR P 2020-10-27 2020-12-02
e 876 DISCOVER FINANCIAL SERVICES P 2019-07-15 2020-03-02
3431 INVITATION HOMES INC P 2020-10-27 2020-12-02
432 KLA CORPORATION COM P 2019-07-15 2020-01-07
572 PNC FINANCIAL SERVICES GROUP I P 2019-07-15 2020-09-24
1476 PPL CORP P 2020-04-24 2020-06-09
653 ROYAL DUTCH SHELL PLC ADR P 2019-07-15 2020-06-24
2132 ROYAL DUTCH SHELL PLC ADR P 2020-04-24 2020-07-28
1329 STORE CAPITAL CORPORATION P 2020-06-09 2020-12-02
1194 TOTAL SE SPONSORED ADS P 2020-04-24 2020-07-29
118 MEDTRONIC PLC P 2020-03-18 2020-12-02
380 CHUBB LIMITED P 2019-07-15 2020-03-10
2324 AT&T INC. P 2019-03-22 2020-03-24
9400 AIR LEASE CORPORATION D 2018-12-27 2020-06-15
7500 AIR LEASE CORPORATION D 2018-12-27 2020-09-21
215 AMERICAN CAMPUS COMMUNITIES P 2019-05-24 2020-12-02
454 APPLE INC COM D 2018-12-24 2020-01-02
1437 APPLE INC COM P 2019-05-06 2020-09-15
30 BLACKROCK INC D 2018-12-27 2020-12-02
1750 CME GROUP INC D 2016-01-22 2020-09-21
1750 CME GROUP INC D 2016-01-22 2020-11-18
28 CVS HEALTH CORPORATION P 2019-02-05 2020-12-02
300 CHEVRON CORP NEW COM D 2018-12-27 2020-12-02
59 THE WALT DISNEY CO P 2019-02-05 2020-12-02
3000 GRACO INC D 2015-03-31 2020-04-24
101 HONEYWELL INTERNATIONAL INC P 2019-02-05 2020-12-02
14000 INTEL CORP D 2018-12-27 2020-10-27
12200 INTERACTIVE BROKERS GRO CL A D 2018-12-27 2020-04-24
355 JPMORGAN CHASE & CO D 2018-12-27 2020-12-02
86 KLA CORPORATION COM P 2018-12-27 2020-12-02
2063 ESTEE LAUDER COMPANIES CL A D 2018-12-27 2020-09-21
654 PNC FINANCIAL SERVICES GROUP I P 2019-02-05 2020-03-16
784 PNC FINANCIAL SERVICES GROUP I P 2019-02-05 2020-09-24
3316 PPL CORP P 2018-12-27 2020-06-09
3487 ROYAL DUTCH SHELL PLC ADR P 2018-12-27 2020-06-24
3000 ROYAL DUTCH SHELL CL A ADR D 2018-12-27 2020-06-15
28 STARBUCKS CORP P 2019-02-05 2020-12-02
2896 TOTAL SE SPONSORED ADS P 2018-12-27 2020-07-29
86 EATON CORP PLC P 2019-02-05 2020-12-02
219 CHUBB LIMITED P 2019-02-05 2020-03-10
8684 BROWN-FORMAN CORP CL B / CUSIP: XXX-XX-XXXX D 2009-07-06 2020-04-24
10814 EARTHSTONE ENERGY INC CL A D 1981-01-01 2020-06-15
12000 GRACO INC D 2009-08-07 2020-04-24
598 AMERCO P 2019-07-15 2020-03-12
453.25 ARCONIC CORPORATION COM P 2019-12-02 2020-04-06
2771 CROWN HOLDINGS INC P 2019-07-15 2020-05-06
8014 ELANCO ANIMAL HEALTH INC COM P 2019-07-15 2020-05-07
458 FISERV INC COM P 2020-08-12 2020-09-10
2795 HEXCEL CORP P 2020-02-26 2020-03-24
1813 HOWMET AEROSPACE INC COM P 2019-12-02 2020-04-06
4833 HYATT HOTELS CORP-A P 2019-07-15 2020-08-26
1918 INSTRUCTURE INC COM P 2019-04-05 2020-01-08
4016 INSTRUCTURE INC COM P 2019-07-15 2020-03-12
497 MARTIN MARIETTA MATERIALS INC P 2019-07-15 2020-09-21
7471 MEDALLIA INC COM P 2019-07-15 2020-11-04
1873 PTC INC P 2019-09-23 2020-07-07
2405 PTC INC P 2019-07-15 2020-09-04
54 PAYPAL HOLDINGS INC P 2020-09-08 2020-11-18
709 PAYPAL HOLDINGS INC P 2020-08-13 2020-11-18
528 PROGRESSIVE CORP OHIO P 2020-04-29 2020-09-10
335 SVB FINL GROUP P 2019-10-03 2020-05-21
630 SVB FINL GROUP P 2019-07-15 2020-09-10
5366 SOUTHWEST AIRLINES CO P 2019-07-15 2020-09-10
3108 WOODWARD INC P 2019-07-15 2020-04-21
4430 CLARIVATE PLC ORD SHS P 2019-07-15 2020-03-26
1869 ARCONIC INC COM D 2018-12-27 2020-03-02
2194.75 ARCONIC CORPORATION COM D 2018-12-27 2020-04-06
2180 BALL CORP P 2019-07-15 2020-11-04
1110 ELANCO ANIMAL HEALTH INC COM P 2019-01-31 2020-05-07
312 EQUINIX INC D 2018-12-27 2020-03-26
355 EQUINIX INC D 2018-12-27 2020-06-05
3006 FISERV INC COM D 2018-12-27 2020-03-02
694 GUIDEWIRE SOFTWARE INC D 2018-12-27 2020-01-14
1734 GUIDEWIRE SOFTWARE INC P 2019-01-15 2020-03-31
3359 HEXCEL CORP D 2018-12-27 2020-01-08
8779 HOWMET AEROSPACE INC COM D 2018-12-27 2020-04-06
944 IQVIA HLDGS INC COM D 2018-12-28 2020-09-04
2017 KEYSIGHT TECHNOLOGIES INC D 2018-12-28 2020-05-18
692 MARTIN MARIETTA MATERIALS INC D 2018-12-27 2020-07-22
381 MARTIN MARIETTA MATERIALS INC D 2018-12-27 2020-09-21
3145 PROGRESSIVE CORP OHIO D 2018-12-27 2020-09-10
1037 STARBUCKS CORP D 2018-12-27 2020-02-10
1302 AON PLC SHS CL A COM P 2019-01-15 2020-06-08
654 APTIV PLC SHS D 2018-12-28 2020-02-10
CAPITAL GAINS DIVIDENDS 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 46,230   50,700 -4,470
b 17,449   15,134 2,315
c 61,643   206,212 -144,569
d 110,899   100,821 10,078
e 58,753   71,778 -13,025
99,239   97,252 1,987
76,267   46,549 29,718
59,336   58,777 559
41,870   37,668 4,202
20,404   28,939 -8,535
64,848   72,373 -7,525
42,498   33,820 8,678
45,509   41,375 4,134
13,392   8,742 4,650
51,886   54,527 -2,641
65,075   72,484 -7,409
301,021   210,764 90,257
222,830   199,443 23,387
8,689   10,119 -1,430
135,967   40,425 95,542
166,298   74,961 91,337
21,542   8,112 13,430
291,415   146,552 144,863
290,625   146,552 144,073
1,948   1,840 108
27,030   33,979 -6,949
9,061   6,635 2,426
133,639   71,524 62,115
21,063   14,992 6,071
637,769   435,592 202,177
469,582   479,273 -9,691
43,352   25,084 18,268
22,004   10,703 11,301
471,232   156,751 314,481
62,828   80,637 -17,809
81,328   104,488 -23,160
94,066   103,396 -9,330
108,959   227,299 -118,340
103,978   166,343 -62,365
2,769   1,938 831
110,380   159,619 -49,239
10,248   6,488 3,760
29,903   29,420 483
528,603   100,886 427,717
33,024   241,614 -208,590
534,556   102,599 431,957
158,515   250,269 -91,754
3,407   8,680 -5,273
174,062   207,381 -33,319
159,195   226,205 -67,010
44,361   45,054 -693
93,000   197,140 -104,140
22,921   46,922 -24,001
261,366   317,706 -56,340
92,415   87,506 4,909
194,162   186,608 7,554
107,738   96,146 11,592
212,711   272,907 -60,196
144,468   126,701 17,767
211,788   173,722 38,066
10,320   10,081 239
135,500   136,228 -728
49,804   42,661 7,143
64,019   65,590 -1,571
158,959   125,320 33,639
210,650   200,350 10,300
160,793   179,212 -18,419
89,390   72,419 16,971
54,847   36,191 18,656
16,495   26,537 -10,042
209,055   160,599 48,456
22,050   33,120 -11,070
178,671   134,957 43,714
235,405   148,035 87,370
301,613   175,845 125,768
78,215   59,381 18,834
137,853   154,273 -16,420
248,273   203,953 44,320
110,991   143,456 -32,465
151,594   84,589 67,005
195,914   77,790 118,124
155,324   120,685 34,639
82,592   66,447 16,145
296,654   165,301 131,353
90,293   53,287 37,006
258,634   225,201 33,433
56,620   49,754 6,866
2,412     2,412
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       -4,470
b       2,315
c       -144,569
d       10,078
e       -13,025
      1,987
      29,718
      559
      4,202
      -8,535
      -7,525
      8,678
      4,134
      4,650
      -2,641
      -7,409
      90,257
      23,387
      -1,430
      95,542
      91,337
      13,430
      144,863
      144,073
      108
      -6,949
      2,426
      62,115
      6,071
      202,177
      -9,691
      18,268
      11,301
      314,481
      -17,809
      -23,160
      -9,330
      -118,340
      -62,365
      831
      -49,239
      3,760
      483
      427,717
      -208,590
      431,957
      -91,754
      -5,273
      -33,319
      -67,010
      -693
      -104,140
      -24,001
      -56,340
      4,909
      7,554
      11,592
      -60,196
      17,767
      38,066
      239
      -728
      7,143
      -1,571
      33,639
      10,300
      -18,419
      16,971
      18,656
      -10,042
      48,456
      -11,070
      43,714
      87,370
      125,768
      18,834
      -16,420
      44,320
      -32,465
      67,005
      118,124
      34,639
      16,145
      131,353
      37,006
      33,433
      6,866
      2,412
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 1,904,668
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 27,059
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 0
3 Add lines 1 and 2........................... 3 27,059
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,059
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 33,198
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 83,198
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 56,139
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet56,139 RefundedBullet 11 0
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 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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 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 addressbulletN/A
    14
    The books are in care ofbulletFIRST FINANCIAL TRUST ASSET MGMT Telephone no.bullet (325) 657-7100

    Located atbulletPO BOX 701ABILENETX ZIP+4bullet796040701
    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
     
     
    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
     
     
    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
    KADE L MATTHEWS PRESIDENT
    1.00     		0 0 0
    PO BOX 176
    ABILENE,TX796040176
    JOSPEH E CANON EXEC. VICE PRESIDENT
    1.00     		0 0 0
    PO BOX 176
    ABILENE,TX796040176
    KIRK THAXTON SECRETARY/TREASURER
    1.00     		0 0 0
    PO BOX 701
    ABILENE,TX796040701
    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 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
    NONE
    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.........................bullet0
    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
    20,296,170
    b
    Average of monthly cash balances.......................
    1b
    570,894
    c
    Fair market value of all other assets (see instructions)................
    1c
    6,794,138
    d
    Total (add lines 1a, b, and c).........................
    1d
    27,661,202
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    27,661,202
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    414,918
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    27,246,284
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,362,314
    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
    1,362,314
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,059
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,059
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,335,255
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,335,255
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,335,255
    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
    5,000
    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
     
    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
    5,000
    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
    5,000
    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 1,335,255
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 574,510
    c From 2017...... 2,450,188
    d From 2018...... 232,755
    e From 2019......  
    fTotal of lines 3a through e........ 3,257,453
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 5,000
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 5,000
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 1,330,255 1,330,255
    (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 1,927,198
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    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) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,927,198
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 1,694,443
    c Excess from 2018.... 232,755
    d Excess from 2019....  
    e Excess from 2020....  
    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:
    KIRK THAXTON
    PO BOX 701
    ABILENE,TX796040701
    (325) 627-7100
    bThe form in which applications should be submitted and information and materials they should include:
    IN WRITING BY LETTER DESCRIBING THE REQUEST AND PURPOSE OF THE FUNDS REQUESTED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THERE WILL BE NO GRANTS TO INDIVIDUALS.
    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
    THE STONE OWL INSTITUTE
    102 CYPRESS ST
    ABILENE,TX79601     		  PC GENERAL OPERATIONS 5,000
    Total .................................bullet 3a 5,000
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ...........     		    14 119,860  
    4 Dividends and interest from securities....     14 430,374  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -187,642  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 188,142  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,904,668  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME-UBI PORTION     		211110 -49,800      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -49,800 2,455,402 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,405,602
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 14,900 14,900   0

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

    TY 2020 DepreciationSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    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
    PARAMOUNT THEATER FURNITURE & FIXTURES 2010-11-02 24,951 24,951 200DB 7.000000000000 0 0    
    220-240 CYPRESS RENOVATION 2015-09-30 78,689 8,576 SL 39.000000000000 2,018 0    
    CARPET & FLOORING 2017-01-25 31,193 19,215 200DB 5.000000000000 4,791 0    
    HVAC SYSTEM - PARAMOUNT 2017-12-31 89,597 4,499 SL 39.000000000000 2,297 0    
    HVAC SYSTEM - 220-240 CYPRESS 2018-12-31 137,494 3,525 SL 39.000000000000 3,525 0    
    FULLY DEPRECIATED ASSETS 2015-09-30 1,937 1,937 NC 7.000000000000 0 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Name of Stock End of Year Book Value End of Year Fair Market Value
    123 AMAZON COM INC 88,196 400,602
    334 AMEN PROPERTIES COMMON 55,849 132,598
    6,109 AMERICAN CAMPUS COMMUNITIES 231,872 261,282
    2,277 AMERICAN ELECTRIC POWER CO 186,705 189,606
    1,735 AMGEN INC 329,092 398,911
    6,519 APPLE COMPUTER INC. 409,447 865,006
    489 BLACKROCK INC. 214,945 352,833
    6,192 BLACKSTONE GROUP INC COM CL A 319,813 401,304
    1,010 BROADCOM INC COM 311,841 442,229
    2,483 CAMDEN PROPERTY TRUST 223,881 248,101
    3,722 CHEVRON CORP NEW COM 373,660 314,323
    8,531 CISCO SYSTEMS 398,527 381,762
    6,927 COCA COLA 330,470 379,877
    8,181 CONCHO RESOURCES 152,326 477,361
    4,843 CVS HEALTH 292,589 330,777
    2,055 EATON CORP 160,804 246,888
    926 HOME DEPOT 189,036 245,964
    1,979 HONEYWELL INTL 300,932 420,933
    7,988 INVITATION HOMES INC 226,420 237,244
    2,717 JOHNSON & JOHNSON 381,762 427,601
    4,355 JP MORGAN CHASE CO 437,496 553,390
    3,867 KEYSIGHT TECHNOLOGIES INC. 165,021 510,792
    904 KLA 123,396 234,055
    990 LOCKHEED MARTIN 338,599 351,430
    40,793 MAIN STREET CAPITAL 501,018 1,315,982
    1,418 MCDONALDS CORP 270,406 304,274
    2,243 MEDTRONIC PLC 193,685 262,745
    6,069 MERCK & CO 483,059 496,444
    4,642 MICROSOFT CORP 663,056 1,032,474
    6,235 MONDELEZ INTL 319,716 364,560
    2,767 NIKE INC CL B 241,122 391,447
    3,700 NOVARTIS 304,467 349,391
    2,565 PEPSICO INC 318,857 380,390
    3,618 STARBUCKS CORP 271,603 387,054
    7,000 STORE CAPITAL CORPORATION 172,725 237,860
    2,637 THE WALT DISNEY CO 294,211 477,772
    4,526 VERIZON 258,631 265,903
    267 ALPHABET INC CL A 318,736 467,955
    2,961 APTIV PLC 192,477 385,789
    2,308 BALL 151,089 215,059
    4,098 CATALENT INC 226,716 426,479
    13,227 CLARIVATE 223,628 392,974
    2,176 DANAHER CORP 205,045 483,377
    1,511 FACEBOOK INC 358,931 412,745
    9,481 HALOZYME THERAPEUTICS INC 263,972 404,934
    660 INTUIT INC 202,580 250,701
    2,989 IQVIA HOLDINGS, INC. 328,582 535,539
    2,072 MICROSOFT CORP 326,561 460,854
    1,444 PALO ALTO NETWORKS INC 344,267 513,183
    796 PAYPAL HOLDINGS INC 150,802 186,423
    1,642 SALESFORCE.COM INC 319,695 365,394
    428 SHERWIN WILLIAMS CO 232,595 314,541
    4,925 SOUTHWEST AIRLINES CO 228,447 229,554
    4,022 STARBUCKS CORP 269,428 430,274
    8,690 TWITTER INC 275,503 470,564
    1,838 VISA INC CL A 181,029 402,026
    16,682 WELLS FARGO & CO 372,675 503,462

    TY 2020 InvestmentsOtherSchedule2
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MINERAL INTEREST FMV 3,483,387 4,000,199
    HIGH RIVER RESOURCES PSHIP FMV 289,699 314,426

    TY 2020 LandEtcSchedule2
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    PARAMOUNT THEATER FURNITURE & FIXTURES 24,951 24,951 0  
    220-240 CYPRESS RENOVATION 78,689 10,594 68,095  
    CARPET & FLOORING 31,193 24,006 7,187  
    HVAC SYSTEM - PARAMOUNT 89,597 6,796 82,801  
    HVAC SYSTEM - 220-240 CYPRESS 137,494 7,050 130,444  
    FULLY DEPRECIATED ASSETS 1,937 1,937 0  


    TY 2020 LegalFeesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 930 930   0


    TY 2020 OtherAssetsSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DIVIDENDS RECEIVABLE   2,075 2,075


    TY 2020 OtherDecreasesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Description Amount
    PARTNERSHIP INVESTMENT - BOOK TO TAX ADJUSTMENT 12,920


    TY 2020 OtherExpensesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OIL AND GAS MISC EXPENSE 14,267 14,267   0
    OKLAHOMA WITHHOLDING TAX 6,792 6,792   0
    EXCISE TAX 35,000 0   0
    PARTNERSHIP DEPLETION 24,682 0   0
    INSURANCE - RENTAL 84,660 84,660   0
    REPAIRS & MAINTENANCE - RENTAL 90,452 90,452   0


    TY 2020 OtherIncomeSchedule2
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MISCELLANEOUS INCOME 9,581 9,581 9,581
    MISCELLANEOUS INCOME 1,256 1,256 1,256
    OIL AND GAS ROYALTY 172,945 172,945 172,945
    PARTNERSHIP INCOME 4,360 4,517 4,360
    PARTNERSHIP INCOME-UBI PORTION -49,800 0 -49,800


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TRUSTEE FEES 87,926 87,926   0
    INVESTMENT FEES 31,201 31,201   0
    OIL AND GAS TRUSTEE FEES 9,497 9,497   0


    TY 2020 TaxesSchedule
    Name:
    DODGE JONES LEGACY FOUNDATION
    EIN:
    83-0775721
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 8,209 8,209   0
    OIL AND GAS PRODUCTION TAXES 10,107 10,107   0
    OIL AND GAS AD VALOREM TAX 4 4   0
    PROPERTY TAXES - RENTAL 44,270 44,270   0