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
GOOD NEWS FOUNDATION OF TEXAS
 
Number and street (or P.O. box number if mail is not delivered to street address)11777 KATY FREEWAY NO 405N
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX77079
A Employer identification number

84-2034803
B Telephone number (see instructions)

(281) 741-5409
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$13,111,669J 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) 2,765
2 Check bullet.............
3 Interest on savings and temporary cash investments 28,026 28,026  
4 Dividends and interest from securities... 48,744 48,744  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 413,258
b Gross sales price for all assets on line 6a 10,379,833
7 Capital gain net income (from Part IV, line 2)... 413,258
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).......      
12 Total. Add lines 1 through 11........ 492,793 490,028  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 15,000   15,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,765 1,383   1,382
b Accounting fees (attach schedule)....... Click to see attachment 5,200 2,600   2,600
c Other professional fees (attach schedule).... Click to see attachment 21,981 21,981   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 2,378 600   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 5,606 30   5,576
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 97,930 41,594   24,558
25 Contributions, gifts, grants paid....... 10,000 10,000
26 Total expenses and disbursements. Add lines 24 and 25 107,930 41,594   34,558
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 384,863
b Net investment income (if negative, enter -0-) 448,434
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.............   2 2
2 Savings and temporary cash investments......... 11,056,674 5,561,526 5,561,526
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   1,286 1,286
10a Investments—U.S. and state government obligations (attach schedule) 128,214 Click to see attachment777,468 791,505
b Investments—corporate stock (attach schedule)....... 577,511 Click to see attachment4,402,073 5,019,581
c Investments—corporate bonds (attach schedule)....... 69,307 Click to see attachment450,720 470,438
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 195,997 Click to see attachment1,219,491 1,267,331
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) 12,027,703 12,412,566 13,111,669
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,027,703 12,412,566
29 Total net assets or fund balances (see instructions)..... 12,027,703 12,412,566
30 Total liabilities and net assets/fund balances (see instructions). 12,027,703 12,412,566
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
12,027,703
2
Enter amount from Part I, line 27a .....................
2
384,863
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,412,566
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
12,412,566
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 MERRILL LYNCH      
b MERRILL LYNCH      
c MERRILL LYNCH      
d INTERACTIVE BROKERS      
e 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 8,665,161   8,665,221 -60
b 1,099,217   852,044 247,173
c 76,382   66,179 10,203
d 530,807   383,131 147,676
e 8,266     8,266
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       -60
b       247,173
c       10,203
d       147,676
e       8,266
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 2 413,258
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 6,233
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 6,233
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 6,233
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,200
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 3,967
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet3,967 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
 
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. ...............................
    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 ofbulletPAMELA J DANIEL Telephone no.bullet (281) 741-5409

    Located atbullet11777 KATY FREEWAY NO 405NHOUSTONTX ZIP+4bullet77079
    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
    C LEN BENCKENSTEIN CHAIRMAN & PRESIDENT/DIRECTOR
    0.10     		10,000 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    PAMELA DANIEL SECRETARY/DIRECTOR
    0.25     		10,000 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    OAKLEY HALL TREASURER/DIRECTOR
    0.10     		10,000 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    NEAL JOHNSON ELLIS VICE CHAIRMAN & VICE PRES/DIRECTOR
    0.10     		7,500 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    JACOB JOHNSON DIRECTOR
    0.10     		2,500 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    JOHN BENCKENSTEIN DIRECTOR
    0.10     		10,000 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    WILLLIAM CAUDILL DIRECTOR
    0.10     		10,000 0 0
    11777 KATY FREEWAY SUITE 405N
    HOUSTON,TX77079
    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
    3,550,132
    b
    Average of monthly cash balances.......................
    1b
    8,702,640
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    12,252,772
    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
    12,252,772
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    183,792
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    12,068,980
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    603,449
    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
    603,449
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    6,233
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    6,233
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    597,216
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    597,216
    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
    597,216
    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
    34,558
    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
    34,558
    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
    34,558
    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 7 597,216
    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......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 2,830,913
    fTotal of lines 3a through e........ 2,830,913
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 34,558
    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..... 34,558
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 562,658 562,658
    (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 2,268,255
    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 ......     		2,268,255
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 2,268,255
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    CHANGING DESTINY PROJECT
    15411 TUTBURY CIRCLE
    HOUSTON,TX77044     		NONE 501(C)(3) SUPPORT GENERAL FUND 10,000
    Total .................................bullet 3a 10,000
    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 28,026  
    4 Dividends and interest from securities....     14 48,744  
    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 ............     		    18 413,258  
    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).. 0 490,028 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    490,028
    (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:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 5,200 2,600   2,600

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Name of Bond End of Year Book Value End of Year Fair Market Value
    SHELL INTERNATIONAL 2.5% 9/12/2026 36,889 38,432
    VERIZON COMMUNICATION 4.125% 3/16/2027 37,622 37,718
    CITIGROUP 1/10/2028 36,381 37,821
    CVS HEALTH CORP 4.3% 3/25/2028 36,921 38,079
    WELLS FARGO & CO 5/22/2028 37,037 38,542
    MORGAN STANLEY 7/22/2028 24,111 25,117
    COMCAST CORP 4.15% 10/15/2028 37,052 38,521
    JPMORGAN CHASE & CO 12/5/2029 47,842 50,024
    GOLDMAN SACHS GROUP INC 3.8% 3/15/2030 62,674 63,540
    GENERAL ELEC CAP CORP 5.875% 1/14/2038 24,380 27,107
    ENTERPRISE PRODUCTS OPER 5.7% 2/15/2042 24,091 26,085
    MICROSOFT CORP 3.7% 8/8/2046 45,720 49,452

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AT&T INC 27,438 28,760
    A N S Y S INC 21,574 26,921
    ABB LTD 7,211 8,360
    ABBOTT LABS 1,242 1,533
    ACCENTURE PLC 14,201 17,501
    AGILENT TECHNOLOGIES INC 1,741 1,777
    AIA GROUP LTD 5,968 7,320
    AIR LIQUIDE 5,520 5,591
    AIR PRODUCTS & CHEM 20,486 21,584
    AIRBNB INC 6,318 6,312
    ALEXANDRIA REAL EST 4,929 5,525
    ALNYLAM PHARMACEUTICALS 2,685 2,989
    ALPHABET INC CL C 5,934 7,008
    ALPHABET INC CL A 5,785 7,011
    ALSTOM SA-UNSPON 2,150 2,686
    ALTRIA GROUP INC 9,751 9,553
    AMAZON COM INC 88,647 107,479
    AMEDISYS INC 10,052 14,373
    AMER EXPRESS CO 16,016 20,071
    AMERISOURCEBERGEN CORP 10,590 11,145
    AMGEN INC 7,990 8,047
    ANALOG DEVICES INC 33,063 42,694
    AON PLC 13,621 13,944
    APPLE INC 8,128 11,146
    ARCH CAPITAL GRP LTD 9,737 10,027
    AUTODESK INC 13,665 19,236
    AUTOMATIC DATA PROC 11,171 12,158
    AVALONBAY 10,921 10,107
    BANCO SANTANDER 1,895 2,471
    BECTON DICKINSON CO 14,993 14,763
    BEIERSDORF 6,004 6,285
    BEST BUY CO 13,076 12,574
    BHP GROUP LTD 4,315 5,685
    BLACK KNIGHT HOLDCO CORP 14,412 16,521
    BLACKLINE INC 8,743 16,272
    BLACKROCK INC 27,019 34,634
    BNP PARIBAS SPONSORD ADR 2,367 2,342
    BOSTON PPTYS 2,835 1,891
    BRIGHT HORIZONS FAMILY 2,911 3,460
    BRISTOL-MYERS 28,697 29,650
    BROOKFIELD 6,105 9,254
    BROOKFIELD ASSET MGMT 24,096 27,899
    BROOKFIELD PPTY 1,318 1,165
    BROOKFIELD RENEWABLE 672 932
    BROWN & BROWN INC 8,668 9,387
    BROWN FORMAN CORP 1,863 2,145
    CANADIAN NATL RAILWAY CO 3,895 4,394
    CANNAE HOLDINGS INC 704 885
    CAPITAL ONE FINL 5,934 6,425
    CARLSBERG 4,690 5,430
    CARMAX INC 16,910 17,947
    CARVANA CO 13,785 24,673
    CBRE GROUP INC 9,961 12,795
    CHEMED CORP 9,753 11,185
    CHEVRON CORP 19,357 18,157
    CHEWY INC 5,884 9,798
    CHUBB LTD 12,852 14,315
    CITIGROUP INC 6,614 6,844
    CLOUDFLARE INC 7,399 10,411
    CME GROUP INC 27,791 27,672
    CMS ENERGY CORP 12,742 11,958
    COCA COLA 11,668 11,845
    COGNEX CORP 1,056 1,285
    COLFAX CORP 2,213 2,333
    COMCAST CORP 29,005 35,632
    CONOCOPHILLIPS 19,859 18,395
    CONTINENTAL AG 1,320 1,795
    COPART INC 15,704 19,851
    COSTAR GROUP INC 31,019 39,744
    COSTCO WHOLESALE 16,999 17,332
    COUPA SOFTWARE INC 16,539 26,774
    CREDIT ACCEPTANCE 8,956 9,000
    CVS HEALTH CORP 11,283 12,294
    DAIWA HOUSE IND LTD 4,309 3,942
    DANAHER CORP 11,991 14,217
    DBS GROUP 2,157 2,205
    DEERE CO 12,368 16,950
    DEXCOM INC 15,827 17,377
    DOLLAR GENERAL CORP 1,408 1,893
    DOMINOS PIZZA INC 7,227 8,436
    DOORDASH INC 10,897 8,851
    DOVER CORP 22,820 26,386
    EATON CORP 17,876 22,947
    ECOLAB INC 12,572 14,063
    ELI LILLY & CO 14,224 17,391
    ENEL SOCIETA 7,287 8,709
    ENGIE 8,931 10,052
    ENTERGY CORP 7,978 6,889
    EOG RESOURCES INC 7,064 6,982
    EQUINIX INC 6,295 6,428
    EQUINOR 1,541 1,445
    FACEBOOK INC 39,510 39,881
    FASTENAL CO 19,194 23,927
    FASTLY INC 10,921 10,834
    FERGUSON NEWCO 3,949 5,001
    FID NATIONAL FINL INC 9,210 9,069
    FIDELITY NATL INFO SVCS 15,552 15,702
    FIRST REP BK 4,786 5,877
    FIVE BELOW INC 10,231 14,523
    FLUGHAFEV ZUERICH 780 1,080
    FUJITSU LTD 3,182 3,447
    GALLAHER ARTHUR J & CO 8,874 10,515
    GARTNER INC 9,613 11,053
    GENL DYNAMICS CORP 17,165 16,370
    GENTEX CORP 6,192 7,261
    GLOBANT 13,500 20,673
    GRAND CANYON EDU INC 9,927 11,359
    GUARDANT HEALTH INC 7,682 10,826
    GUIDEWAIRE SOFTWARE INC 15,082 18,151
    HARTFORD FINL 10,766 10,825
    HASBRO INC 11,324 11,693
    HEALTH CARE SVC GROUP 7,759 8,908
    HEICO CORP 14,260 16,550
    HEICO CORP CLA 6,277 8,311
    HEXAGON AB 3,525 4,986
    HILTON 13,755 16,800
    HITACHI LTD 5,998 6,590
    HOME DEPOT INC 21,968 22,843
    HONEYWELL INTL 9,974 12,762
    HYATT HOTELS 2,670 2,599
    IAC HOLDINGS INC 7,787 11,361
    IDEXX LAB INC 15,004 22,494
    IHS MARKIT LTD 18,504 20,930
    ILUMINA INC 15,037 17,760
    INDUSTRIA DE DISENO 1,587 1,716
    INFORMA 2,621 2,454
    INTL BUSINESS MACHINES 9,634 9,567
    INTUITIVE SURGICAL INC 34,413 42,541
    JACK HENRY & ASSOC INC 7,791 7,938
    JOHNSON & JOHNSON 29,150 32,263
    KAO CORP 2,283 2,208
    KENNEDY-WILSON HLDGS 2,228 1,950
    KKR & CO INC 15,606 18,949
    KNORR-BREMSE 4,241 4,694
    LENNAR CORP 7,787 9,224
    LIBERTY BROADBAND CORP CL C 13,725 16,312
    LIBERTY BROADBAND CORP CL A 1,552 1,891
    LIBERTY MEDIA CORP 5,921 6,092
    LIBERTY MEDIA CORP SER A 1,610 1,598
    LIBERTY MEDIA CORP SER C 2,577 2,654
    LIBERTY MEDIA SERIES A 86 76
    LINDE PLC 5,138 6,851
    LIVE NATION ENT 6,398 9,479
    LONDON STK EXCH 3,340 3,814
    LONZA GROUP 3,671 4,742
    M&T BANK CORP 1,889 1,400
    MAKITA CORP 4,988 6,040
    MARKEL CORP 15,073 14,466
    MARSH & MCLENNAN 4,180 4,446
    MARTIN MERIETTA 7,947 9,087
    MCDONALDS CORP 20,225 20,171
    MEDTRONIC 32,656 35,142
    MERCK & CO 11,584 11,370
    MERCK KGAA 4,093 4,640
    METLIFE INC 9,053 10,141
    METTLER-TOLEDO 7,925 10,257
    MICROCHIP TECH 8,414 11,739
    MICROSOFT 40,850 48,265
    MODERNA INC 731 3,761
    MONDELEZ INTL 19,433 20,640
    MONGODB INC 5,050 10,412
    MOODY'S CORP 5,897 6,676
    MORGAN STANLEY 14,214 22,546
    MOTOROLA SOL 6,951 6,972
    MSCI 5,033 7,144
    NATL INSTRUMENTS CORP 6,818 7,382
    NEOGEN CORP 2,154 2,538
    NETFLIX COM 15,026 20,007
    NEXON CO LTD 1,807 2,727
    NEXTERA ENERGY 24,191 27,003
    NINTENDO LTD 7,302 9,582
    NORDEO BANK 3,976 4,227
    NORFOLK SOUTHERN 15,845 18,771
    NORTHERN TRUST CORP 6,471 6,520
    NORTHROP GRUMMAN CORP 10,364 10,360
    NOVARTIS 7,687 8,499
    NVIDIA 19,896 27,677
    O'REILLY AUTO 14,337 15,387
    OKTA INC 15,854 25,426
    OTIS WORLDWIDE CORP 4,754 4,796
    PARKER HANNIFIN 17,625 23,700
    PAYCOM SOFTWARE INC 16,031 21,708
    PEPSICO 16,187 17,499
    PERNOD-RICARD SA 4,234 4,564
    PFIZER INC 7,717 8,356
    PHILIP MORRIS INTL 24,074 25,499
    PINTEREST INC 19,506 19,177
    PLURALSIGHT INC 2,314 2,515
    PNC FINCL SVC 24,478 28,310
    PPG INDUSTRIES 17,421 20,623
    PRICE T ROWE GROUP 11,692 13,020
    PROCTER & GAMBLE CO 14,232 14,471
    PROGRESSIVE 14,039 15,623
    PROLOGIS INC 5,272 5,581
    PROTO LABS 9,021 12,579
    PRUDENTIAL FINC 2,893 2,954
    PUB SVC ENTERPRISE 8,443 8,162
    RAYTHEON TECH 19,303 21,310
    REALPAGE INC 5,814 8,898
    REALTY INC 2,149 2,176
    RELX 9,058 9,765
    REPUBLIC SVC 11,107 12,038
    RESTAURANT BRANDS INTL 11,015 11,611
    RITCHIE BROS 12,734 17,874
    ROCHE HLDGS 5,205 5,655
    ROLLINS INC 11,721 14,768
    ROPER TECH 9,946 11,639
    ROSS STORES 4,218 5,649
    ROYAL DSM 5,466 6,528
    ROYAL GOLD INC 1,345 1,170
    RTY PHARMA 6,643 7,608
    RYANAIR HLDG 4,590 5,169
    RYOHIN KEIKAKU CO 4,364 4,419
    S&P GLOBAL 3,060 3,287
    SAFRAN SA 9,113 9,858
    SALESFORCE COM 15,122 16,467
    SAMPO 5,232 5,428
    SANDVIK AB 2,435 2,951
    SANOFI 9,178 9,378
    SBA COMMUNICATIONS 16,985 17,492
    SCHWAB CHARLES CORP 10,755 13,843
    SERVICENOW INC 9,233 12,660
    SHIMANO INC 4,809 5,482
    SHIN-ETSU CHEM 5,252 7,213
    SHOPIFY INC 38,024 52,070
    SIEMENS GAMESA 852 1,984
    SLACK TECH 3,020 4,731
    SMITH A O CORP 1,990 2,412
    SNAP INC 25,213 41,859
    SNOWFLAKE INC 31,462 33,487
    SPOTIFY TECH 32,526 51,604
    SQUARE INC 33,450 57,892
    STANLEY BLACK & DECKER 11,057 11,606
    STARBUCKS 20,204 24,712
    SUMITOMO MITSUI 5,664 5,553
    SUMMIT MATLS 1,756 1,626
    SUNCOR ENERGY INC 2,889 1,577
    SUZUKI MOTOR CORP 3,865 4,111
    SYSCO CORP 16,518 19,382
    TELADOC HEALTH 10,265 12,398
    TELENOR 4,947 4,998
    TESCO 6,275 6,953
    TEXAS INSTRUMENTS 23,486 28,559
    THE HOWARD HUGHES 5,796 5,683
    TJX COS INC 13,047 16,663
    TRADE DESK INC 11,940 14,418
    TRANE TECH 5,875 7,839
    TRANSDIGM GROUP INC 24,364 29,705
    TRANSUNION 8,980 10,319
    TRUIST FINL 12,637 13,133
    TWILIO INC 26,983 37,574
    TWITTER INC 31,514 42,454
    TYLER TECHS 22,535 27,937
    UBER TECH 35,827 52,275
    UNILEVER 6,224 6,338
    UNITEDHEALTH GROUP 31,321 37,523
    UNITY SOFTWARE INC 6,118 10,282
    US BANCORP 12,965 13,651
    V F CORP 6,392 7,345
    VAIL RESORTS 9,878 11,995
    VALERO ENERGY CORP 3,257 2,206
    VEEVA SYS INC 45,810 58,262
    VENTAS INC 5,159 5,247
    VERISIGN INC 11,384 12,551
    VERISK ANALYTICS 21,088 25,741
    VERIZON COMMUNICATIONS 22,004 22,266
    VESTAS WIND SYS 3,686 7,119
    VINCI 1,966 1,744
    VISA INC 7,976 9,187
    VIVENDI 6,063 6,805
    VOLKSWAGEN 7,687 8,677
    VORNADO REALTY 3,128 2,688
    VULCAN MATL 14,894 16,166
    WALMART INC 17,024 18,884
    WAYFAIR INC 10,427 14,000
    WEST PHARMACTL 11,938 16,432
    WIX COM 11,518 14,998
    WOLTER KLUWER 4,154 4,449
    XCEL ENERGY INC 16,465 15,801
    Z HOLDINGS CORP 1,242 1,491
    ZILLOW GROUP 18,818 28,296
    ZOOM VIDEO 39,962 43,177
    10X GENOMICS INC 7,979 10,762
    2U INC 1,446 2,321
    ABT 68,732 65,694
    AMT 67,980 67,338
    AMZN 46,452 48,854
    AXP 58,228 60,455
    BABA 88,383 69,819
    CMI 70,187 68,130
    HD 55,511 53,124
    LMT 75,301 70,996
    MS 66,679 82,236
    NTES 95,618 105,347
    NVDA 53,841 52,220
    PLD 61,533 59,796
    PYPL 58,695 70,260
    QCOM 57,922 60,936
    SBUX 60,064 74,886
    UNH 67,581 70,136
    WDAY 92,421 95,844
    WMT 27,808 204

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    US Government Securities - End of Year Book Value:

    777,468
    US Government Securities - End of Year Fair Market Value:

    791,505
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WESTERN ASSET SMASH SERIES CR PL AT COST 533,622 563,509
    WESTERN ASSET SMASH SERIES C FUND AT COST 283,853 294,496
    WESTERN ASSET SMASH SERIES M FUND AT COST 402,016 409,326

    TY 2020 LegalFeesSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 2,765 1,383   1,382


    TY 2020 OtherExpensesSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 60 30   30
    INSURANCE 4,856 0   4,856
    SUPPLIES 690 0   690


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT 21,981 21,981   0


    TY 2020 TaxesSchedule
    Name:
    GOOD NEWS FOUNDATION OF TEXAS
    EIN:
    84-2034803
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX 600 600   0
    EXCISE TAX 1,778 0   0