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
CHARITABLE FOUNDATION FROST F0359600
 
Number and street (or P.O. box number if mail is not delivered to street address)P O BOX 2950 TAX DEPT FLOOR 5
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SAN ANTONIO, TX782992950
A Employer identification number

74-2058155
B Telephone number (see instructions)

(210) 220-4438
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$4,987,975J 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) 342,417
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 101,097 101,097  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -236,254
b Gross sales price for all assets on line 6a 2,060,551
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
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).......      
12 Total. Add lines 1 through 11........ 207,260 101,097  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 46,691 23,346   23,345
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment 1,150 575 0 575
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,076     0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 53,917 23,921 0 23,920
25 Contributions, gifts, grants paid....... 1,580,166 1,580,166
26 Total expenses and disbursements. Add lines 24 and 25 1,634,083 23,921 0 1,604,086
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,426,823
b Net investment income (if negative, enter -0-) 77,176
c Adjusted net income (if negative, enter -0-)... 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............. 0 0  
2 Savings and temporary cash investments......... 317,422 340,923 340,923
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet0      
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).......      
c Investments—corporate bonds (attach schedule)....... 2,687,496 Click to see attachment2,016,650 2,033,577
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,912,916 Click to see attachment2,133,438 2,613,475
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,917,834 4,491,011 4,987,975
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow 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........ 5,917,834 4,491,011
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)..... 5,917,834 4,491,011
30 Total liabilities and net assets/fund balances (see instructions). 5,917,834 4,491,011
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
5,917,834
2
Enter amount from Part I, line 27a .....................
2
-1,426,823
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,491,011
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,491,011
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 3513.758 AMERICAN BEACON STEPHENS SM CAP R5   2019-01-24 2020-03-30
b 1948. ARTISAN HIGH INCOME FD INSTL   2017-02-10 2020-03-30
c 791. COHEN & STEERS INSTL REALTY FD   2018-05-03 2020-03-30
d 2675. FIDELITY EMER MKTS INDEX INSTL PREM   2019-07-25 2020-03-30
e 4332.756 FROST GROWTH EQUITY FUND INSTL   2017-02-10 2020-03-30
6976. FROST VALUE EQUITY FUND INSTL   2017-02-10 2020-03-30
12773.64 FROST VALUE EQUITY FUND INSTL   2018-05-03 2020-03-30
5418. FROST LOW DURATION BOND FD INSTL   2017-02-10 2020-03-30
1975. FROST CREDIT FUND INSTL   2017-02-10 2020-03-30
29621. FROST TOTAL RETURN BOND FUND INSTL   2017-02-10 2020-03-30
811. HARDING LOEVNER INTL EQ FD INSTL   2017-02-10 2020-03-30
334. HARDING LOEVNER EMERGING MKTS ADV   2017-05-30 2020-03-30
2227. HARTFORD FLOATING RATE FUND CL I   2018-05-03 2020-03-30
2105. JHANCOCK DISCPLNED VALUE MID CAP   2017-02-10 2020-03-30
1038. LAZARD INTL EQTY PORT-INSTL   2017-02-10 2020-03-30
485. T ROWE PRICE MIDCAP GROWTH FD INSTL   2017-02-10 2020-03-30
294. T ROWE PRICE INTL DISC FD INSTL   2018-05-03 2020-03-30
396. VICTORY SMALL CO OPP FUND   2018-05-03 2020-03-30
5562. FROST VALUE EQUITY FUND INSTL   2018-05-03 2020-03-31
10042. FROST TOTAL RETURN BOND FUND INSTL   2017-02-10 2020-03-31
7829. FIDELITY EMER MKTS INDEX INSTL PREM   2019-07-25 2020-05-06
5947.955 FROST VALUE EQUITY FUND INSTL   2018-05-03 2020-05-06
288.593 HARTFORD FLOATING RATE FUND CL I   2019-06-24 2020-05-14
11770.881 HARTFORD FLOATING RATE FUND CL I   2018-05-03 2020-05-14
140.003 ISHARES S&P 500 STK INDEX FUND CL K   2019-07-25 2020-08-20
953.115 COHEN & STEERS INSTL REALTY FD   2019-01-24 2020-08-20
974.051 FIDELITY EMER MKTS INDEX INSTL PREM   2019-07-25 2020-08-20
6817.1 FROST GROWTH EQUITY FUND INSTL   2019-07-25 2020-08-20
3294.893 FROST VALUE EQUITY FUND INSTL   2018-05-03 2020-08-20
3191.959 FROST CREDIT FUND INSTL   2018-05-03 2020-08-20
7882.148 FROST TOTAL RETURN BOND FUND INSTL   2019-06-24 2020-08-20
1860.379 HARDING LOEVNER INTL EQ FD INSTL   2018-05-03 2020-08-20
1332.313 HARDING LOEVNER EMERGING MKTS ADV   2019-05-28 2020-08-20
1251.829 JHANCOCK DISCPLNED VALUE MID CAP   2018-05-03 2020-08-20
2128.009 LAZARD INTL EQTY PORT-INSTL   2018-05-03 2020-08-20
320.193 T ROWE PRICE MIDCAP GROWTH FD INSTL   2019-07-25 2020-08-20
923.601 T ROWE PRICE INTL DISC FD INSTL   2018-05-03 2020-08-20
10195.152 FROST VALUE EQUITY FUND INSTL   2018-05-03 2020-10-06
1907.247 ARTISAN HIGH INCOME FD INSTL   2018-05-03 2020-11-24
2.637 ISHARES S&P 500 STK INDEX FUND CL K   2019-01-24 2020-11-24
16.363 COHEN & STEERS INSTL REALTY FD   2018-05-03 2020-11-24
267.431 FIDELITY EMER MKTS INDEX INSTL PREM   2019-07-25 2020-11-24
2428.035 FROST CREDIT FUND INSTL   2018-05-03 2020-11-24
5742.623 FROST TOTAL RETURN BOND FUND INSTL   2017-02-10 2020-11-24
49.572 HARDING LOEVNER INTL EQ FD INSTL   2018-05-03 2020-11-24
24.584 HARDING LOEVNER EMERGING MKTS ADV   2019-05-28 2020-11-24
1005.746 JHANCOCK DISCPLNED VALUE MID CAP   2018-05-03 2020-11-24
20.903 LAZARD INTL EQTY PORT-INSTL   2018-05-03 2020-11-24
116.836 T ROWE PRICE MIDCAP GROWTH FD INSTL   2019-07-25 2020-11-24
23.655 T ROWE PRICE INTL DISC FD INSTL   2018-05-03 2020-11-24
1774.771 VICTORY SMALL CO OPP FUND   2019-01-24 2020-11-24
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 42,692   56,085 -13,393
b 16,032   19,461 -3,429
c 29,291   32,162 -2,871
d 22,229   28,195 -5,966
e 51,776   56,932 -5,156
35,438   69,830 -34,392
64,890   123,987 -59,097
54,884   55,458 -574
16,965   19,513 -2,548
285,546   308,947 -23,401
15,596   15,287 309
14,225   17,485 -3,260
15,767   19,379 -3,612
33,385   47,110 -13,725
14,771   17,189 -2,418
35,997   38,658 -2,661
15,923   21,509 -5,586
12,704   18,525 -5,821
27,699   49,391 -21,692
97,207   104,738 -7,531
69,208   82,518 -13,310
31,524   52,818 -21,294
2,193   2,434 -241
89,459   102,933 -13,474
56,198   46,475 9,723
38,801   38,884 -83
10,559   10,267 292
113,709   93,031 20,678
20,000   29,259 -9,259
30,419   31,527 -1,108
79,610   82,392 -2,782
45,598   42,863 2,735
72,544   76,073 -3,529
24,523   28,554 -4,031
37,687   41,581 -3,894
32,087   31,059 1,028
73,842   67,569 6,273
60,661   90,533 -29,872
18,844   18,836 8
1,137   827 310
703   664 39
3,297   2,819 478
23,795   23,819 -24
58,747   59,896 -1,149
1,332   1,142 190
1,561   1,265 296
23,524   22,941 583
404   408 -4
13,136   11,333 1,803
2,086   1,731 355
82,669   80,513 2,156
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
      37,677
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       -13,393
b       -3,429
c       -2,871
d       -5,966
e       -5,156
      -34,392
      -59,097
      -574
      -2,548
      -23,401
      309
      -3,260
      -3,612
      -13,725
      -2,418
      -2,661
      -5,586
      -5,821
      -21,692
      -7,531
      -13,310
      -21,294
      -241
      -13,474
      9,723
      -83
      292
      20,678
      -9,259
      -1,108
      -2,782
      2,735
      -3,529
      -4,031
      -3,894
      1,028
      6,273
      -29,872
      8
      310
      39
      478
      -24
      -1,149
      190
      296
      583
      -4
      1,803
      355
      2,156
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 -236,254
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 1,073
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 1,073
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 1,073
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 6,380
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,380
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 5,307
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet1,076 RefundedBullet 11 4,231
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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. Click to see attachment...............................
    10
    Yes
     
    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 addressbullet  
    14
    The books are in care ofbulletFROST BANK TRUSTEE Telephone no.bullet (210) 220-4438

    Located atbullet111 W HOUSTON STSAN ANTONIOTX ZIP+4bullet78205
    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
    FROST BANK TRUSTEE
    40     		46,691    
    PO BOX 2950
    SAN ANTONIO,TX78299
    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.........................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
    4,529,388
    b
    Average of monthly cash balances.......................
    1b
    182,360
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,711,748
    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
    4,711,748
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    70,676
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,641,072
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    232,054
    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
    232,054
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,073
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,073
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    230,981
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    230,981
    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
    230,981
    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
    1,604,086
    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
    1,604,086
    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
    1,604,086
    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 7 230,981
    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...... 999,455
    b From 2016...... 966,944
    c From 2017...... 1,765,593
    d From 2018...... 696,952
    e From 2019...... 623,730
    fTotal of lines 3a through e........ 5,052,674
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,604,086
    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..... 230,981
    e Remaining amount distributed out of corpus 1,373,105
    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 6,425,779
    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) ...     		999,455
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		5,426,324
    10 Analysis of line 9:
    a Excess from 2016.... 966,944
    b Excess from 2017.... 1,765,593
    c Excess from 2018.... 696,952
    d Excess from 2019.... 623,730
    e Excess from 2020.... 1,373,105
    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).)
    NA
    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.
    NA
    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:
    EXECUTIVE COMMITTEE OF THE FROST BA
    111 W HOUSTON STREET
    SAN ANTONIO,TX78205
    (210) 220-4438
    bThe form in which applications should be submitted and information and materials they should include:
    THE GRANT REQUEST SHOULD BE SENT ON THE ORGANIZATION'S LETTERHEAD AND SIGNED BY A MEMBER OF THE BOARD OF DIRECTORS OR AN OFFICER OF THE ORGANIZATION MAKING THE REQUEST.
    cAny submission deadlines:
    THERE ARE NO FORMAL DEADLINES FOR SUBMITTING REQUESTS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    THERE ARE NO EXPRESS RESTRICTIONS OR LIMITATIONS ON GRANTS BASED ON GEOGRAPHICAL AREAS, CHARITABLE FIELDS, OR KINDS OF INSTITUTIONS.
    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
    LOCAL INITIATIVES SUPPORT CORP
    110 BROADWAY STE 400
    SAN ANTONIO,TX78205     		NONE EXEMPT UNRESTRICTED GRANT FOR 36,666
    TEACH FOR AMERICA
    250 E GRAYSON
    SAN ANTONIO,TX78215     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    SALVATION ARMY
    512 WEST ELMIRA STREET
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    HAVEN FOR HOPE
    P O BOX 781609
    SAN ANTONIO,TX78278     		NONE EXEMPT UNRESTRICTED GRANT FOR 65,000
    CITY YEAR SAN ANTONIO
    109-B NORTH SAN SABA
    SAN ANTONIO,TX782073118     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    TEXAS A&M UNIVERSITY-KINGSVILLE
    FOUNDATION
    PO BOX 2202 STATION 1
    KINGSVILLE,TX78363     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    SOUTH TEXAS BLOOD & TISSUE CENTER
    6211 IH-10 W
    SAN ANTONIO,TX78201     		NONE EXEMPT UNRESTRICTED GRANT FOR 35,000
    SPORTS OUTDOOR AND RECREATION SOAR
    5223 DAVID EDWARDS DR
    SAN ANTONIO,TX78233     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    BEXAR COUNTY PERFORMING ARTS CENTER
    115 AUDITORIUM CIRCLE
    SAN ANTONIO,TX78205     		NONE EXEMPT UNRESTRICTED GRANT FOR 40,000
    RAISE TEXAS
    1811 W 38TH ST
    AUSTIN,TX78731     		NONE EXEMPT UNRESTRICTED GRANT FOR 2,500
    OPERA SAN ANTONIO
    417 8TH STREET
    SAN ANTONIO,TX78215     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    HILL COUNTRY DAILY BREAD
    234 W BANDERA ROAD 133
    BOERNE,TX78006     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    SAN ANTONIO RIVER FOUNDATION
    PO BOX 830045
    SAN ANTONIO,TX782830045     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    NEW BRAUNFELS AREA COMMUNITY FNDTN
    801 W SAN ANTONIO ST
    NEW BRAUNFELS,TX78130     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    HEMISFAIR CONSERVANCY
    PO BOX 1262
    SAN ANTONIO,TX78295     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    TEXAS BIOMEDICAL RESEARCH INSTITUTE
    ATTN BRUCE EDWARD CFO
    PO BOX 760549
    SAN ANTONIO,TX782450549     		NONE EXEMPT UNRESTRICTED GRANT FOR 25,000
    OUR LADY OF THE LAKE UNIVERSITY
    411 SW 24TH STREET
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    BOYS & GIRLS CLUBS OF SAN ANTONIO
    600 SW 19TH ST
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    UNIVERSITY OF THE INCARNATE WORD
    4301 BROADWAY
    SAN ANTONIO,TX782096399     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    ARCHDIOCESE OF SAN ANTONIO
    2718 WOODLAWN AVE
    SAN ANTONIO,TX782285195     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    CATHOLIC CHARITIES ARCHDIOCESE SA
    202 W FRENCH PL
    SAN ANTONIO,TX782125818     		NONE EXEMPT UNRESTRICTED GRANT FOR 70,000
    TEXAS LUTHERAN UNIVERSITY
    ATTN BUSINESS OFFICE
    1000 WEST COURT STREET
    SEGUIN,TX78155     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    GOOD SAMARITAN CENTER
    1600 SALTILLO
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    FAMILY SERVICE ASSOCIATION
    702 SAN PEDRO
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    CENTRAL CATHOLIC HIGH SCHOOL ENDOW
    1403 N ST MARYS ST
    SAN ANTONIO,TX78215     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    CHRIST EPISCOPAL CHURCH
    510 BELKNAP PLACE
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 1,000
    MCNAY ART MUSEUM
    P O BOX 6069
    SAN ANTONIO,TX782090069     		NONE EXEMPT UNRESTRICTED GRANT FOR 45,000
    THE CHILDREN'S HOSPITAL OF SA FDN
    100 NE LOOP 410 706
    SAN ANTONIO,TX782164700     		NONE EXEMPT UNRESTRICTED GRANT FOR 56,000
    EPISCOPAL THEOLOGICAL SEMINARY OF THE
    SOUTHWEST
    501 E 32ND ST
    AUSTIN,TX78705     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    UNITED WAY OF SAN ANTONIO
    P O BOX 898
    SAN ANTONIO,TX782930898     		NONE EXEMPT UNRESTRICTED GRANT FOR 265,000
    SAN ANTONIO ZOOLOGICAL SOCIETY
    3903 N ST MARYS ST
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    WITTE MUSEUM
    3801 BROADWAY
    SAN ANTONIO,TX78209     		NONE EXEMPT UNRESTRICTED GRANT FOR 30,000
    CHARITY BALL ASSOCIATION
    P O BOX 2357
    SAN ANTONIO,TX782982357     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    UT HEALTH SAN ANTONIO
    7703 FLOYD CURL DR
    SAN ANTONIO,TX78229     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    ECUMENICAL CENTER
    8310 EWING HALSELL DR
    SAN ANTONIO,TX782293715     		NONE EXEMPT UNRESTRICTED GRANT FOR 6,000
    HEALY MURPHY CENTER INC
    618 LIVE OAK
    SAN ANTONIO,TX78202     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    UNIVERSITY OF TEXAS AT SAN ANTONIO
    1 UTSA CIRCLE
    SAN ANTONIO,TX78249     		NONE EXEMPT UNRESTRICTED GRANT FOR 37,500
    BARRIO COMPREHENSIVE FAMILY HEALTH
    3066 E COMMERCE
    SAN ANTONIO,TX782201013     		NONE EXEMPT UNRESTRICTED GRANT FOR 35,000
    SAN ANTONIO CHRISTIAN SCHOOLS
    19202 REDLAND ROAD BLDG 1
    SAN ANTONIO,TX78259     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    EL CENTRO DEL BARRIO
    3750 COMMERCIAL
    SAN ANTONIO,TX78221     		NONE EXEMPT UNRESTRICTED GRANT FOR 35,000
    HABITAT FOR HUMANITY-SAN ANTONIO
    311 PROBANDT
    SAN ANTONIO,TX78204     		NONE EXEMPT UNRESTRICTED GRANT FOR 6,000
    CHRISTIAN ASSISTANCE MINISTRY
    ATTN EXECUTIVE FIRECTOR
    110 MCCULLOUGH
    SAN ANTONIO,TX78215     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    MEALS ON WHEELS SAN ANTONIO
    4306 NW LOOP 410
    SAN ANTONIO,TX78229     		NONE EXEMPT UNRESTRICTED GRANT FOR 40,000
    FAMILY VIOLENCE PREVENTION SVCS
    7911 BROADWAY
    SAN ANTONIO,TX78209     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    CHILDREN'S ASSOCIATION FOR MAXIMUM
    POTENTIAL
    PO BOX 27086
    SAN ANTONIO,TX78227     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    SAN ANTONIO FOOD BANK
    5200 OLD HIGHWAY 90 W
    SAN ANTONIO,TX782272209     		NONE EXEMPT UNRESTRICTED GRANT FOR 65,000
    SA BOTANICAL GARDEN SOCIETY INC
    555 FUNSTON PLACE
    SAN ANTONIO,TX78209     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    SAN ANTONIO PUBLIC LIBRARY FDN
    625 SHOOK AVE
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    SAN ANTONIO METROPOLITAN MINISTRY
    5922 BLANCO RD
    SAN ANTONIO,TX78216     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    BRIGHTON SCHOOL
    14207 HIGGINS RD
    SAN ANTONIO,TX782171252     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    UNIVERSITY HEALTH SYS FND
    903 W MARTIN MS1-2
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 65,000
    COMMUNITIES IN SCHOOLS
    SAN ANTONIO INC
    1616 E COMMERCE BLDG 1
    SAN ANTONIO,TX78205     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    ALAMO COMMUNITY COLLEGE DISTRICT FN
    201 W SHERIDAN SUITE C-3
    SAN ANTONIO,TX78204     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    THE WINSTON SCHOOL SAN ANTONIO
    8565 EWING HALSELL
    SAN ANTONIO,TX78229     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    TEXAS CAVALIER CHARITABLE FOUNDATION
    1250 NE LOOP 410 STE 234
    SAN ANTONIO,TX78209     		NONE EXEMPT UNRESTRICTED GRANT FOR 7,500
    INTERFAITH EDUCATION FUND INC
    1106 CLAYTON LN SUITE 120
    AUSTIN,TX78723     		NONE EXEMPT UNRESTRICTED GRANT FOR 65,000
    TEXAS PUBLIC RADIO
    8401 DATAPOINT SUITE 800
    SAN ANTONIO,TX78229     		NONE EXEMPT UNRESTRICTED GRANT FOR 10,000
    PROJECT QUEST INC
    515 SW 24TH STREET SUITE 201
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 25,000
    SAN ANTONIO LOCAL ORGANIZING COMM
    PO BOX 830824
    SAN ANTONIO,TX78283     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    ALZHEIMERS CARE & RESEARCH CTR FDN
    12455 FREEDOM WAY
    SAN ANTONIO,TX78245     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    SAN ANTONIO MUSEUM OF ART
    200 WEST JONES AVE
    SAN ANTONIO,TX78215     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    LIFT FUND
    2007 W MARTIN ST
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 65,000
    MERCED HOUSING TEXAS
    212 WEST LAUREL STREET
    SAN ANTONIO,TX78212     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    TEXAS STATE AFFORDABLE HOUSING CORP
    2200 E MARTIN LUTHER KING JR BLVD
    AUSTIN,TX78702     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    PEOPLE FUND
    2921 E 17TH STREET
    AUSTIN,TX78702     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    CHILDRENS BEREAVEMENT CENTER OF SOUTH
    TEXAS
    205 W OLMOS DRIVE
    SAN ANTONIO,TX782123307     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    SAN ANTONIO FOUNDATION FOR EXCELLENCE
    IN EDUCATION
    141 LAVACA STREET
    SAN ANTONIO,TX78210     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    SA FOR GROWTH ON THE EASTSIDE
    220 CHESTNUT
    SAN ANTONIO,TX78202     		NONE EXEMPT UNRESTRICTED GRANT FOR 20,000
    SAN ANTONIO HUMANE SOCIETY
    ATTNDIRECTOR
    4804 FREDERICKSBURG RD
    SAN ANTONIO,TX78229     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    ROTARY CLUB OF SAN ANTONIO FDN
    110 BROADWAY STE 220
    SAN ANTONIO,TX78205     		NONE EXEMPT UNRESTRICTED GRANT FOR 2,500
    TEXAS MEDICAL ASSOCIATION FND
    401 W 15TH ST
    AUSTIN,TX78701     		NONE EXEMPT UNRESTRICTED GRANT FOR 2,000
    ASCENSION DEPAUL SERVICES
    7607 SOMERSET ROAD
    SAN ANTONIO,TX78221     		NONE EXEMPT UNRESTRICTED GRANT FOR 2,500
    HOUSTON MARITIME MUSEUM
    2311 CANAL STREET SUITE 100
    HOUSTON,TX77003     		NONE EXEMPT UNRESTRICTED GRANT FOR 15,000
    MAESTRO LEADERSHIP FOUNDATION
    1811 S LAREDO ST
    SAN ANTONIO,TX78207     		NONE EXEMPT UNRESTRICTED GRANT FOR 5,000
    Total .................................bullet 3a 1,580,166
    bApproved for future payment
    Total .................................bullet 3b  
    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....     14 101,097  
    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 ............     		    18 -236,254  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   -135,157  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -135,157
    (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
    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
    CHARITABLE FOUNDATION FROST F0359600
     
    Employer identification number

    74-2058155
    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
    CHARITABLE FOUNDATION FROST F0359600
          		Employer identification number
    74-2058155
    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
    CULLENFROST BANKERS INC
     
    111 W HOUSTON ST
     
    SAN ANTONIO, TX78205

    		$ 342,417


    (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.)
    (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
    CHARITABLE FOUNDATION FROST F0359600
          		Employer identification number

    74-2058155
    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
    CHARITABLE FOUNDATION FROST F0359600
          		Employer identification number

    74-2058155
    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:  

    TY 2020 AccountingFeesSchedule
    Name:
    CHARITABLE FOUNDATION FROST F0359600
    EIN:
    74-2058155
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEE 1,150 575   575

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    CHARITABLE FOUNDATION FROST F0359600
    EIN:
    74-2058155
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ARTISAN HIGH INCOME FUND 90,628 94,651
    FROST CREDIT FUND INST CL 49,760 50,278
    FROST LOW DURATION BOND FUND C 470,320 480,512
    FROST TOTAL RETURN BOND FUND C 1,405,942 1,408,136
    HARTFORD FLOATING RATE FUND    

    TY 2020 InvestmentsOtherSchedule2
    Name:
    CHARITABLE FOUNDATION FROST F0359600
    EIN:
    74-2058155
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FROST GROWTH EQUITY FD AT COST 306,784 399,175
    COHEN & STEERS INST REALTY AT COST 134,809 143,595
    T ROWE PRICE INTL DISCOVERY AT COST 202,853 263,007
    FROST VALUE EQUITY FUND      
    AMERICAN BEACON STEPHENS SM CA      
    HARDING LOEVNER EMERGING MKTS AT COST 23,062 30,130
    HARDING LOEVNER INTL EQ FD INS AT COST 52,695 70,455
    J HANCOCK DISCPLNED VALUE MID AT COST 234,035 265,878
    LAZARD INTL EQTY PORT-INSTL AT COST 61,767 69,489
    T ROWE PRICE ,ID CAP GROWTH FU AT COST 38,815 58,684
    VICTORY SMALL CO OPP FUND AT COST 63,854 76,244
    FIDELITY EMER MKTS INDEX INSTL AT COST 57,071 68,983
    ISHARES S&P 500 STK INDEX FUND AT COST 349,831 514,192
    MFS VALUE FUND CL R6* AT COST 317,061 350,566
    PIMCO FOREIGN BOND FUND INSTL AT COST 240,000 247,776
    VANGUARD SM CAP GROWTH ADM AT COST 50,801 55,301

    TY 2020 SubstantialContributorsSch
    Name:
    CHARITABLE FOUNDATION FROST F0359600
    EIN:
    74-2058155
    Name Address
    CULLENFROST BANKERS INC
          		111 W HOUSTON ST
    SAN ANTONIO,TX78205


    TY 2020 TaxesSchedule
    Name:
    CHARITABLE FOUNDATION FROST F0359600
    EIN:
    74-2058155
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    2020 ESTIMATED TAX PAYMENTS 6,076 0   0