Form990-PF
Click to see attachment

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
The Cockrell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3737 Buffalo Speedway 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

74-6076993
B Telephone number (see instructions)

(713) 209-7500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$219,297,384J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 70,049 70,049  
4 Dividends and interest from securities... 1,527,654 1,527,654  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 12,258,825
b Gross sales price for all assets on line 6a 44,978,845
7 Capital gain net income (from Part IV, line 2)... 12,220,509
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,121,176 1,738,218  
12 Total. Add lines 1 through 11........ 15,977,704 15,556,430  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 26,623     26,623
b Accounting fees (attach schedule)....... Click to see attachment 39,000 17,500   19,500
c Other professional fees (attach schedule).... Click to see attachment 1,052,427 972,427   80,000
17 Interest............... 2,378     2,378
18 Taxes (attach schedule) (see instructions)... Click to see attachment 53,093 53,093    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 144     144
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 899,774 839,031   21,354
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,073,439 1,882,051   149,999
25 Contributions, gifts, grants paid....... 9,057,411 9,057,411
26 Total expenses and disbursements. Add lines 24 and 25 11,130,850 1,882,051   9,207,410
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,846,854
b Net investment income (if negative, enter -0-) 13,674,379
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 Savings and temporary cash investments......... 5,310,162 10,179,038 10,179,038
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   29,745    
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.......... 40,809 32,580 32,580
10a Investments—U.S. and state government obligations (attach schedule) 1,953,119    
b Investments—corporate stock (attach schedule)....... 89,266,677 Click to see attachment88,518,890 146,390,408
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,745
Less: accumulated depreciation (attach schedule) bullet   2,745 Click to see attachment2,745 2,745
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 39,003,152 Click to see attachment41,720,010 62,692,613
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) 135,606,409 140,453,263 219,297,384
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 135,606,409 140,453,263
29 Total net assets or fund balances (see instructions)..... 135,606,409 140,453,263
30 Total liabilities and net assets/fund balances (see instructions). 135,606,409 140,453,263
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
135,606,409
2
Enter amount from Part I, line 27a .....................
2
4,846,854
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
140,453,263
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
140,453,263
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 Publicly traded securities      
b From Sch K-1 (Form 1065)      
c Capital gain distributions      
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 41,675,484   32,720,020 8,955,464
b 3,027,017     3,027,017
c 238,028     238,028
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       8,955,464
b       3,027,017
c       238,028
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 12,220,509
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................................ 1 190,074
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 190,074
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 190,074
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 112,478
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 312,478
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 122,404
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet122,404 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
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
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.cockrellfoundation.org
    14
    The books are in care ofbulletSherrie Reinhackel Telephone no.bullet (713) 209-7560

    Located atbullet3737 Buffalo Speedway 1100HoustonTX ZIP+4bullet77098
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    Ernest H Cockrell President/Dir
    2.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    David A Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ernest D Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Janet S Cockrell Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Milton T Graves Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    J Webb Jennings III Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ronald T Nixon Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Laura J Turner Director
    1.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Sherrie J Reinhackel Vice President
    0.00     		0    
    3737 Buffalo Speedway 1100
    Houston,TX77098
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (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
    Brown Advisory Investment management 184,487
    901 S Bond St Ste 400
    Baltimore,MD21231
    William Blair Investment Management Investment management 123,270
    666 Fifth Ave 14th Floor
    New York,NY10103
    Asset Consulting Group LLC Investment management 123,209
    231 South Bemiston Avenue 14th Fl
    St Louis,MO63105
    Aristotle Capital Management LLC Investment management 116,599
    11100 Santa Monica Blvd Suite 1700
    Los Angeles,CA90025
    Baring Asset Management Inc Investment management 172,433
    161 Bay St 27th Floor
    Toronto,OntarioM5J 2S1
    CA
    Total number of others receiving over $50,000 for professional services.............bullet2
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (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
    128,162,948
    b
    Average of monthly cash balances.......................
    1b
    11,245,233
    c
    Fair market value of all other assets (see instructions)................
    1c
    55,862,003
    d
    Total (add lines 1a, b, and c).........................
    1d
    195,270,184
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) Click to see attachment.............
    1e
    3,301,258
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    195,270,184
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,929,053
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    192,341,131
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,617,057
    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
    9,617,057
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    190,074
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    18,906
    c
    Add lines 2a and 2b............................
    2c
    208,980
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,408,077
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    9,408,077
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    9,408,077
    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
    9,207,410
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,207,410
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,207,410
    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 9,408,077
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 9,057,411
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,207,410
    a Applied to 2019, but not more than line 2a 9,057,411
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 149,999
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		9,258,078
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Margaret Baker
    3737 Buffalo Speedway 1100
    Houston,TX77098
    (713) 209-7500
    www.cockrellfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    A copy of IRC 501(c)(3) exemption determination letter is required. No other special forms are required. See the Foundation's website (www.cockrellfoundation.org) for specific information requested to be included with an application.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are made primarily in Houston, Texas. No grants are made to organizations outside of the US or out of Texas unless the purpose of the grant is to benefit a Houston, Texas project. Limited funds are available for grants outside of Houston and such grant requests are discouraged.
    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
    Chapelwood United Methodist Church
    11140 Greenbay St
    Houston,TX77024     		N/A PC General support 20,000
    Contemporary Arts Museum Houston
    5216 Montrose Blvd
    Houston,TX77006     		N/A PC General support 1,000
    Dec My Room
    720 N Post Oak Rd
    Houston,TX77024     		N/A PC General support 1,000
    Episcopal High School
    4650 Bissonnet St
    Bellaire,TX77401     		N/A PC Baseball fields and general support 7,500
    Free Enterprise Institute
    9600 Long Point Rd 300
    Houston,TX77055     		N/A PC 2020 Freedom Fund 35,000
    Greater Houston Community Foundatio
    515 Post Oak Blvd Ste 1000
    Houston,TX77027     		N/A PC St. Francis of Assisi Centennial Endowed Chair in Immunology at Houston Methodist Immunology Center 250,000
    Habitat for Horses
    PO Box 213
    Hitchcock,TX77563     		N/A PC Hay for the winter 5,000
    Houston Museum of Natural Science
    5555 Hermann Park Dr
    Houston,TX77030     		N/A PC Virginia and Ernest Cockrell, Jr. Permanently Restricted Endowments 1,394,804
    IDEA Public Schools
    2115 West Pike Blvd
    Weslaco,TX78596     		N/A PC Launch of ten high quality, tuition-free Pre-K-12 campuses in underserved communities in Harris County and across Greater Houston 1,000,000
    MD Anderson Cancer Center
    PO Box 4486
    Houston,TX77210     		N/A GOV Physician-Scientist Program and multiple myeloma research 1,414,803
    Methodist Hospital Foundation
    PO Box 4384
    Houston,TX77210     		N/A PC Support for the Cockrell Center for Advanced Therapeutics, the Center for Performing Arts Medicine, and the Cockrell Foundation Music Fund for Holistic Health at Houston Methodist Hospital. 1,414,803
    Philanthropy Roundtable
    1120 20th St NW 550S
    Washington,DC20036     		N/A PC General support 10,000
    Post Oak Baseball Foundation
    1415 S Voss Rd Ste 110 391
    Houston,TX77057     		N/A PC General support 4,500
    Recipe for Success
    PO Box 56405
    Houston,TX77256     		N/A PC Hope Farms' field trips and Seed-to-Plate Nutrition Education programs 1,000
    Second Baptist Church
    6400 Woodway Dr
    Houston,TX77057     		N/A PC General support 20,000
    The Brookwood Community Inc
    1752 FM 1489
    Brookshire,TX77423     		N/A PC General support 10,000
    The Center for Pursuit
    810 Marston St
    Houston,TX77019     		N/A PC Strive campaign 5,000
    The Kinkaid School Inc
    201 Kinkaid School Drive
    Houston,TX77024     		N/A PC Kinkaid "Go West" campaign 20,000
    The Second Baptist School Foundatio
    6410 Woodway Dr
    Houston,TX77057     		N/A PC Arts Patrons Program in honor of Mr. Hickenbottom 2,500
    Trees For Houston
    PO Box 270477
    Houston,TX77277     		N/A PC General support 5,000
    University of Texas Foundation
    PO Box 250
    Austin,TX78767     		N/A GOV Scholarships and Chairs 3,432,851
    W Oscar Neuhaus Memorial Foundation
    4433 Bissonnet St
    Bellaire,TX77401     		N/A PC Teacher training center 2,500
    Yellowstone Academy
    3000 Trulley St
    Houston,TX77004     		N/A PC Technology/WIFI support and to retain instructional staff 150
    Total .................................bullet 3a 9,057,411
    bApproved for future payment
    IDEA Public Schools
    2115 West Pike Blvd
    Weslaco,TX78596     		N/A PC Launch of ten high quality, tuition-free Pre-K-12 campuses in underserved communities in Harris County and across Greater Houston 1,000,000
    Methodist Hospital Foundation
    PO Box 4384
    Houston,TX77210     		N/A PC Chair at Houston Methodist Immunology Center 500,000
    Total .................................bullet 3b 1,500,000
    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 70,049  
    4 Dividends and interest from securities....     14 1,527,654  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 38,316 18 12,220,509  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOil & gas royalties     		    15 384,783  
    bPassthrough K-1 income 525990 382,958 14 1,353,435  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 421,274 15,556,430  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    15,977,704
    (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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit services 21,000 10,500 0 10,500
    Tax compliance fees 18,000 7,000 0 9,000

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065) - AG Realty Fund VIII, LP         359   Cost   -359  
    From Sch K-1 (Form 1065) - Apollo Investment Fd IX LP         35,454   Cost   35,454  
    From Sch K-1 (Form 1065) - Apollo Investment Fd IX LP         1,405   Cost   1,405  
    From Sch K-1 (Form 1065) - Warburg Pincus (G) PE XII         1,916   Cost   1,916  
    From Sch K-1 (Form 1065) - Warburg Pincus PE (EP) XII         100   Cost   -100  

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,457 10X Genomics Inc Class A 227,277 206,311
    4,523 Abbott Laboratories 118,135 495,223
    6,170 Abbvie Inc 258,603 661,116
    460,901 Aberdeen Emerging Markets Fd Ins 5,622,207 9,365,510
    488 Abiomed Inc 117,419 158,210
    2,671 Acadia Healthcare Co Inc 128,333 134,245
    4,033 Adobe Systems Inc 630,036 2,016,984
    1,274 Advance Auto Parts Inc 174,391 200,668
    1,645 Aerojet Rocketdyne 65,369 86,938
    8,360 AGNC Investment Corp 144,987 130,416
    2,849 Alarm.com Holdings Inc 186,324 294,729
    1,215 Alaska Air Group Inc 44,093 63,180
    5,154 Alcoa Corp 37,471 118,800
    9,212 Alcon Inc 507,950 607,808
    1,741 Alibaba Group Holding Limited 251,277 405,183
    5,410 Allegheny Tech Inc 68,246 90,726
    5,473 Allegion PLC 547,252 636,948
    1,106 Allete Inc 94,865 68,506
    1,279 Allison Transmission 52,030 55,163
    4,900 Ally Financial Inc 112,826 174,734
    914 Alphabet Inc Class C 632,132 1,601,218
    353 Amazon.com Inc 141,519 1,149,696
    906 Amedisys Inc 105,585 265,757
    4,889 American Eagle 71,985 98,122
    3,096 Americold Realty Trust 95,684 115,574
    3,700 Ameriprise Financial Inc 400,311 719,021
    5,273 Amgen Inc 1,053,176 1,212,368
    3,200 Ansys Inc 389,187 1,164,160
    3,438 Apartment Income 130,472 132,054
    31,364 Apple Inc 141,315 4,161,689
    2,570 Aramark 73,582 98,894
    1,671 Arch Capital Group 58,947 60,273
    3,085 Arconic Corporation 64,916 91,933
    3,868 Ares Management Corp 129,531 181,989
    1,250 Arrow Electronics 87,302 121,625
    521,005 Artisan International Value Fund 16,010,867 20,767,267
    582 Asbury Automotive 31,693 84,821
    2,000 ASML Holding NV 173,973 975,440
    1,752 Aspen Technology Inc 167,551 228,198
    1,006 Assurant Inc 107,374 137,037
    2,251 Atkore International Group 75,249 92,539
    3,741 Autodesk Inc 516,853 1,142,277
    2,700 Automatic Data Processing 99,409 475,740
    1,554 Avalara Inc 92,400 256,239
    2,071 Axon Enterprise Inc 183,049 253,760
    2,487 Barnes Group Inc 91,245 126,066
    2,697 Beacon Roofing 80,999 108,392
    2,347 Bed Bath And Beyond 36,427 41,683
    1,984 Belden Inc 99,479 83,130
    839 Bio-Techne Corp 230,884 266,424
    6,701 BJs Wholesale Club Holdings Inc 177,565 249,813
    1,413 Black Hills Corp 78,353 86,829
    1,600 BlackRock Inc 366,793 1,154,464
    2,588 Blackstone Mortgage 61,192 71,248
    1,058 Blueprint Medicines Corp 124,355 118,655
    1,287 Boise Cascade 57,364 61,519
    1,424 Booz Allen Hamilton Holdings 37,211 124,144
    1,348 Bright Horizons Family Solutions 155,251 233,191
    11,008 Bristol-Myers Squibb 695,555 682,826
    3,766 Brooks Automation Inc 124,791 255,523
    1,379 Brown & Brown Inc 62,995 65,378
    9,201 Brown Forman Corporation Class B 437,365 730,835
    1,727 Brunswick Corp 59,955 131,667
    5,415 Builders Firstsource 180,522 220,986
    578 Burlington Stores Inc 90,947 151,176
    6,973 BWX Technologies Inc 342,027 420,332
    120 Cable One Inc 69,260 267,326
    26,000 Cabot Oil & Gas Corp 461,414 423,280
    1,315 Caesars 51,996 97,665
    1,168 Camden Property Trust 97,984 116,707
    13,746 Cameco Corp 95,763 184,196
    1,140 Canadian Pacific Railway Ltd 139,750 395,227
    5,324 Capital One Financial Corp 437,589 526,277
    807 Carlisle Cos Inc 101,271 126,037
    2,477 Carpenter Technology 63,957 72,130
    11,519 Chevron Corporation 865,951 972,780
    8,500 Chubb LTD 1,007,359 1,308,320
    6,373 Cincinnati Financial 397,873 556,809
    4,310 Cinemark Holdings Inc 130,892 75,037
    2,516 Cintas Corporation 445,919 889,305
    8,461 Cisco Systems Inc 395,751 378,630
    2,503 Cit Group Inc 46,245 89,858
    1,385 Clean HBRS Inc 88,699 105,399
    27,491 Coca-Cola 973,506 1,507,606
    12,060 Comcast Corp Class A 410,355 631,944
    6,079 Commerce Bancshares 302,711 399,390
    15,625 Conduent Inc 97,363 75,000
    21,900 Corteva Inc 569,455 847,968
    1,663 Costco Wholesale Corporation 167,206 626,585
    1,198 Crane Co 66,765 93,037
    1,841 Cree Inc 107,601 194,962
    3,505 Crown Holdings Inc 211,518 351,201
    3,300 Cullen Frost Bankers 300,388 287,859
    9,563 Danaher Corporation 647,938 2,124,325
    867 Darden Restaurants Inc 51,164 103,277
    5,966 Devon Energy Corp 62,940 94,322
    2,146 Dexcom Inc 137,000 793,419
    2,000 Diageo ADR Each Repr 232,235 317,620
    1,909 Diamondback Energy Inc 138,824 92,396
    13,140 Diamondrock 116,905 108,405
    942 Diodes Inc 31,024 66,411
    1,630 Discover Financial SVCS 62,495 147,564
    10,054 East West Bancorp Inc 605,523 509,838
    1,826 Edgewell Pers Care 64,971 63,143
    9,257 Edwards Lifesciences Corp 362,183 844,516
    19,359 Elanco Animal Health 424,285 593,741
    7,722 Electronic Arts 807,699 1,108,879
    1,566 Emcor Group Inc 53,829 143,226
    6,155 Encompass Health Corporation 283,168 508,957
    1,141 Enpro Industries Inc 67,497 86,168
    1,740 Entegris Inc 86,307 167,214
    13,19 EPR Properties 41,084 42,868
    5,381 EQT Corp 65,382 68,393
    4,579 Equity Lifestyle 218,040 290,125
    3,143 Estee Lauder Cos Inc Class A 217,671 836,635
    2,369 Etsy Inc 100,096 421,469
    2,620 Euronet Worldwide Inc 232,383 379,690
    345 Everest Re Group LTD 74,186 80,761
    4,400 Exxon Mobil Corporation 304,005 181,368
    4,200 Facebook Inc Class A 530,906 1,147,272
    2,306 First Industrial Realty Trust 91,439 97,152
    2,020 FirstCash Inc 77,377 141,481
    1,358 FirstService Corp 42,106 185,720
    7,833 Flex LTD 67,705 140,837
    1,748 Flowserve Corp 51,588 64,414
    4,110 Fluor Corp 47,240 65,637
    11,043 Fortive Corporation 518,535 782,065
    961 Fortune Brands Home 39,789 82,377
    2,074 Gaming & Leisure P 62,205 87,938
    940 Generac Holdings Inc 93,264 213,765
    2,800 General Dynamics Corporation 537,097 416,696
    12,336 Genpact Limited 209,090 510,217
    2,647 Godaddy Inc Class A 188,352 219,569
    4,142 Grand Canyon Education Inc 302,499 385,662
    2,021 Grocery Outlet Holdings 75,752 79,324
    GS High Quality Floating Rate Fund Cla 2 2
    1,094 Guidewire Software Inc 125,700 140,831
    6,633 Halozyme Therapeutics Inc 104,548 283,295
    4,776 Hancock Whitney Corp 161,378 162,480
    894 Hanover Ins Group 108,141 104,527
    3,833 Healthequity Inc 184,687 267,198
    1,143 Heico Corp Class A 31,063 133,800
    1,097 Helen Of Troy LTD 217,656 243,742
    3,878 Highwoods Properties Inc 185,224 153,685
    852 Hill Rom Holdings 34,683 83,470
    1,600 Honeywell International Inc 270,214 340,320
    5,399 Horizon Therapeutics PLC 65,533 394,937
    4,412 Huntsman Corp 103,982 110,918
    9,212 Infinera Corp 56,452 96,542
    3,484 Insmed Inc 119,650 115,982
    637 Inspire Medical Systems Inc 126,092 119,813
    989 Insulet Corp 102,430 252,818
    3,300 Intercontinentalexchange Group 149,191 380,457
    3,192 International Business Machines 397,637 401,809
    2,737 Intuit Inc 344,278 1,039,649
    1,544 Intuitive Surgical Inc 295,237 1,263,146
    5,284 Invesco LTD 60,943 92,100
    8,090 Investors Bancorp 64,470 85,430
    1,672 ITT Inc 76,652 128,777
    1,832 J2 Global Inc 150,280 178,968
    2,392 Jabil Inc 64,098 101,732
    1,117 Jack In The Box Inc 79,308 103,658
    630 Jazz Pharmaceuticals 76,638 103,982
    13,200 Johnson Controls 510,759 614,988
    12,422 JPMorgan Chase & Co 646,402 1,578,464
    7,201 Kinder Morgan Inc Class P 215,899 98,438
    442 Kinsale Cap Group 57,837 88,458
    1,242 Kirby Corp 64,767 64,373
    2,181 Knight Swift Transn 59,006 91,209
    3,131 Kohls Corp 72,149 127,400
    1,529 Kontoor Brands Inc 36,268 62,016
    2,325 Korn Ferry 68,051 101,138
    2,341 Kraton Corporation 41,346 65,056
    3,507 L3harris Technologies Inc 678,759 662,893
    1,572 Lamb Weston Holdings 72,064 123,779
    625 Lear Corp 63,881 99,394
    11,200 Lennar Corp 510,058 853,776
    202 Lennar Corp Class B 8,685 12,362
    1,882 Ligand Pharmaceuticals 165,525 187,165
    1,116 Lincoln Electric Holdings 73,297 129,735
    1,186 Lincoln National 38,714 59,668
    3,180 Linde PLC 519,787 837,962
    8,141 Lions Gate 109,328 84,504
    2,506 Live Nation Entertainment In 88,662 184,141
    2,989 Liveramp Holdings Inc 169,843 218,765
    1,189 LPL Financial Holdings Inc 41,195 123,918
    1,756 Lululemon Athletica Inc 375,506 611,141
    4,727 Mack Cali Realty 92,031 58,898
    1,336 Magellan Health Inc 94,204 110,674
    1,143 Manpowergroup Inc 72,866 103,076
    3,952 Martin Marietta Materials 861,972 1,122,249
    530 Masimo Corp 88,459 142,241
    3,075 Mastercard Inc Class A 950,509 1,097,591
    5,179 Match Group Inc 561,987 783,013
    1,284 Maximus Inc 85,106 93,976
    3,000 McDonalds Corp 169,041 643,740
    7,656 Medical Properties TR Inc 147,008 166,824
    5,600 Medtronic PLC 457,552 655,984
    5,000 Merck & Co Inc 43,152 409,000
    3,621 Mercury Systems Inc 283,145 318,865
    2,900 Merit Medical Systems Inc 145,113 160,979
    3,820 Meritor Inc 66,901 106,616
    8,950 MGIC Investment Corp 113,482 112,323
    6,700 Microchip Technology 501,319 925,337
    17,166 Microsoft Corporation 1,396,278 3,818,062
    48,300 Mitsubishi UFJ Financial Group 309,811 213,969
    879 MKS Instruments Inc 82,969 132,246
    712 Mohawk Industries 77,602 100,356
    592 Mongodb Inc 92,204 212,552
    4,120 Mosaic Co 75,355 94,801
    9,290 MRC Global Inc 44,891 61,593
    4,086 National Instruments Corp 162,044 179,539
    3,741 National Vision Holdings Inc 94,015 169,430
    3,250 NCR Corp 90,491 122,103
    6,415 Nestle SA Sponsored ADR 225,762 756,636
    2,662 New Fortress Energy Inc 135,260 142,657
    5,470 Newell Brands Inc 107,273 116,128
    1,089 Nexstar Media Group 110,517 118,908
    1,334 Nice LTD 118,442 378,242
    5,100 Nike Class Class B 293,600 721,497
    3,592 Norwegian Cruise 64,428 91,345
    1,074 Novanta Inc 60,763 126,968
    7,900 Novartis A G 519,539 745,997
    7,500 Novo-Nordisk AS ADR 70,441 523,875
    3,866 Nvent Electric PLC 92,334 90,039
    4,771 NXP Semiconductors NV 443,507 758,637
    6,280 OI Glass Inc 44,072 74,732
    3,949 Olin Corp 45,748 96,987
    7,097 On Semiconductor Corporation 143,270 232,285
    2,100 Orion Engineered 31,678 35,994
    8,170 Oshkosh Corp 575,262 703,192
    4,992 Pacwest Bancorp Del 141,965 126,797
    3,084 Parker Hannifin Corp 511,572 840,112
    7,092 Parsley Energy Inc 94,601 100,706
    8,077 Paypal Holdings Inc 318,056 1,891,633
    3,989 PDC Energy Inc 47,428 81,894
    1,407 Penumbra Inc 208,992 246,225
    7,711 Peoples United 125,865 99,703
    4,000 Pepsico Inc 245,221 593,200
    2,570 Performance Food 79,429 122,358
    1,860 Perrigo Co PLC SHS 135,122 83,179
    1,811 Perspecta Inc 39,464 43,609
    6,058 PG&E Corp NPV 71,942 75,483
    16,781 Philip Morris International 821,644 1,389,299
    5,600 Phillips 66 446,000 391,664
    1,124 Pinnacle West Cap CP 90,982 89,864
    1,900 Pioneer Natural 335,498 216,391
    4,289 PNC Financial 500,051 639,061
    817 Primerica Inc 44,774 109,421
    9,716 Procter And Gamble 837,199 1,351,884
    1,131 Proofpoint Inc 140,651 154,280
    2,285 Pultegroup Inc 62,864 98,529
    14,382 Pure Storage Inc Class A 286,976 325,177
    6,524 Qualcomm Inc 483,807 993,866
    1,166 Quanta Services Inc 38,233 83,975
    1,391 Ralph Lauren Corp 153,569 144,302
    839 Reinsurance Group Amer Inc 85,701 97,240
    4,284 Ritchie Bros Auctioneers 135,949 297,952
    9,713 Roche Holding AG ADR 333,335 424,822
    2,022 Roper Technologies Inc 361,199 871,664
    7,662 RPM International Inc 469,737 695,556
    1,620 Ryder System Inc 66,401 100,051
    580 Saia Inc 65,778 104,864
    3,031 Sba Communications Corp 280,037 855,136
    3,968 Select Medical 58,386 109,755
    2,277 Sensata Technologies 84,272 120,089
    1,080 Servicenow Inc 583,196 594,464
    1,297 Sherwin-Williams Co 520,296 953,178
    763 Shopify Inc Class A 733,848 863,678
    11,790 Site Centers Corp 153,833 119,315
    2,319 Skywest Inc 94,895 93,479
    902 Solaredge Technologies Inc 81,820 287,846
    9,000 Sony Corp Spon ADR 420,347 909,900
    873 Spire Inc 50,028 55,907
    4,705 Star Peak Energy Transit A 86,255 96,264
    5,225 State Street Corporation 442,738 380,276
    2,113 Steel Dynamics Inc 51,143 77,906
    3,013 Steelcase Inc 40,951 40,826
    1,227 Steris PLC 146,054 232,566
    7,100 Sterling Bancorp Del 153,325 127,658
    2,729 Steven Madden LTD 68,671 96,388
    2,301 Stifel Financial Corp 53,516 116,108
    4,014 Store Cap Corp 118,841 136,396
    2,058 SunTYS Inc 202,803 312,713
    2,872 Synovus Financial 93,713 92,967
    2,922 Tapestry Inc 48,737 90,816
    5,012 Tegna Inc 58,545 69,917
    496 Teledyne Technologies Inc 89,454 194,422
    526 Teleflex Inc 130,079 216,486
    3,136 Terminix Global Holdings Inc 141,681 159,967
    6,236 Texas Instruments Inc 158,676 1,023,515
    4,882 The Brinks Co 353,021 351,504
    3,462 The Walt Disney Company 145,194 627,245
    2,358 Thermo Fisher Scientific Inc 361,380 1,098,309
    3,550 Trex Co Inc 107,434 297,206
    2,905 Tri Pointe Group Inc 47,446 50,111
    2,708 Trinity Industries 45,970 71,464
    3,189 Tutor Perini Corp 31,005 41,298
    699 Twist Bioscience Corp 77,477 98,762
    13,400 Twitter Inc 459,073 725,610
    6,900 Tyson Foods Inc Class A 522,999 444,636
    2,622 UGI Corp 70,076 91,665
    405 Ulta Beauty Inc 80,182 116,300
    8,895 Umpqua Holdings Corp 149,351 134,670
    2,750 Union Pacific Corp 292,999 572,605
    1,297 Varonis Systems Inc 100,782 212,202
    5,346 Veracyte Inc 135,141 261,633
    1,708 Verint SYS Inc 78,844 114,743
    4,269 Viavi Solutions Inc 55,920 63,928
    4,993 Vici Properties Inc 97,326 127,322
    6,713 Virtu Financial Inc Class A 130,243 168,966
    2,500 Visa Inc Class A 174,523 546,825
    3,773 Vishay 76,974 78,139
    972 Visteon Corp 73,860 122,005
    3,109 Vistra Energy Corp 53,718 61,123
    2,352 Voya Financial Inc 87,953 138,321
    1,412 Wabtec Corp 108,272 103,358
    6,100 Walgreens Boots Alliance Inc 506,139 243,268
    3,289 Wesbanco Inc 124,540 98,538
    5,190 Western Alliance 242,515 311,141
    1,588 Westlake Chem Corp 68,790 129,581
    3,681 Wolverine World Wide Inc 106,401 115,031
    2,658 WW International Inc 54,062 64,855
    2,739 Wyndham Worldwide 132,543 122,872
    7,215 Xylem Inc 581,696 734,415
    1,211 Zendesk Inc 149,250 173,318
    6,105 Zoetis Inc Class A 342,184 1,010,378
    22,354 Zynga Inc Class A 139,357 220,634

    TY 2020 InvestmentsLandSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 2,745   2,745 2,745

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AG Energy Partners II LP AT COST 1,659,695 984,695
    AG Realty Fund VIII LP AT COST 435,746 1,513,854
    Apollo Investment Fund IX LP AT COST 509,725 557,587
    Axiom Emerging Markets Equity Fund AT COST 5,215,202 8,608,510
    Baring Focused EAFE Plus Equity Fund AT COST 17,289,486 20,422,473
    Black Stone Minerals LP AT COST 486,238 3,012,961
    CenterOak Equity Fund I LP AT COST 1,453,698 1,711,596
    CVI Credit Value Fund B II LP AT COST 231,567  
    CVI Credit Value Fund V LP AT COST 209,877 212,255
    Energy Transfer LP AT COST 216,814 194,312
    Enterprise Products Partners LP AT COST 64,574 188,240
    Francisco Partners V-B LP AT COST 1,468,223 2,000,022
    Iridian Private Business Value Equity LP AT COST 1,066,248 1,545,935
    Mineral Interests (Net of Depletion) AT COST 2,577 2,084,064
    Newstone Capital Partners II LP AT COST 122,913 120,681
    RCP Secondary Opportunity Fund LP AT COST   12,060
    Thompson Street Capital Partners III LP AT COST 696,948 566,419
    Thompson Street Capital Partners IV LP AT COST 1,448,468 2,608,453
    Thompson Street Capital Partners V LP AT COST 1,182,182 1,316,801
    UBS Trumbull Property Fund AT COST 2,116,446 3,001,626
    Warburg Pincus Global Growth LP AT COST 2,005,141 1,412,982
    Warburg Pincus Private Equity XII LP AT COST 1,245,218 3,176,504
    Weathergage Venture Capital II LP AT COST 532,513 2,237,292
    Weathergage Venture Capital III (Cayman) AT COST 1,340,511 3,883,701
    Weathergage Venture Capital IV (Cayman) AT COST 720,000 1,319,590

    TY 2020 LegalFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance and counsel 26,623 0 0 26,623


    TY 2020 OtherExpensesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Membership dues and subscriptions 10,499     10,499
    Office expense 1,934     1,934
    Passthrough K-1 expenses 857,820 818,431    
    Royalty expenses 11,679 11,679    
    Service fees and other 17,842 8,921   8,921


    TY 2020 OtherIncomeSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Oil & gas royalties 384,783 384,783  
    Passthrough K-1 income 1,736,393 1,353,435  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative services 100,000 20,000 0 80,000
    Investment management fees 946,679 946,679 0 0
    Tax reclamation fees 5,748 5,748 0 0


    TY 2020 ReductionExplanationStatement
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Explanation:
    Description: Non-publicly traded partnerships and foreign funds Percentage: 0.0 Asset FMV: 57054862 Discount: 3301258 Explanation: The Foundation utilizes conservative discounts for lack of liquidity, marketability and control when determining the value of its non-publicly traded and foreign investments. The discounts are determined in accordance with guidance issued by private equity industry experts.

    TY 2020 TaxesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Ad valorem taxes 182 182    
    Foreign tax 20,793 20,793    
    Severance tax 32,118 32,118