Form990-PF
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE GEORGE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)310 MORTON ST PMB C
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, TX77469
A Employer identification number

74-6043368
B Telephone number (see instructions)

(281) 342-6109
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$501,538,227J 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) 2,117
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,037,171 2,037,171  
4 Dividends and interest from securities... 2,307,640 2,307,640  
5a Gross rents............ 1,508,362 1,508,362  
b Net rental income or (loss) 1,222,013
6a Net gain or (loss) from sale of assets not on line 10 22,445,976
b Gross sales price for all assets on line 6a 73,513,391
7 Capital gain net income (from Part IV, line 2)... 22,445,976
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 3,414,795 2,147,137  
12 Total. Add lines 1 through 11........ 31,716,061 30,446,286  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 545,500 242,750   302,750
14 Other employee salaries and wages...... 824,959 206,358   618,601
15 Pension plans, employee benefits....... 164,545 65,586   98,959
16a Legal fees (attach schedule)......... Click to see attachment 223,368 197,072   26,296
b Accounting fees (attach schedule)....... Click to see attachment 46,500 18,600   27,900
c Other professional fees (attach schedule).... Click to see attachment 1,296,519 1,277,954   18,565
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 555,873 92,146   64,552
19 Depreciation (attach schedule) and depletion... Click to see attachment 508,353 58,711  
20 Occupancy.............. 68,069 20,421   47,648
21 Travel, conferences, and meetings....... 224 22   202
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 2,667,992 383,089   2,284,712
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,901,902 2,562,709   3,490,185
25 Contributions, gifts, grants paid....... 16,924,636 16,924,636
26 Total expenses and disbursements. Add lines 24 and 25 23,826,538 2,562,709   20,414,821
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,889,523
b Net investment income (if negative, enter -0-) 27,883,577
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 400 400 400
2 Savings and temporary cash investments......... 6,046,341 6,811,457 6,811,457
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 24,745,667 27,372,816 26,835,530
b Investments—corporate stock (attach schedule)....... 47,628,293 51,672,204 100,606,366
c Investments—corporate bonds (attach schedule)....... 6,404,049 4,844,109 4,715,206
11 Investments—land, buildings, and equipment: basis bullet34,017,000
Less: accumulated depreciation (attach schedule) bullet6,311,682 27,471,634 Click to see attachment27,705,318 162,510,853
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 133,140,721 134,194,030 164,544,253
14 Land, buildings, and equipment: basis bullet25,602,241
Less: accumulated depreciation (attach schedule) bullet17,708,427 7,477,220 Click to see attachment7,893,814 20,690,865
15 Other assets (describe bullet) Click to see attachment12,816,587 Click to see attachment13,126,537 Click to see attachment14,823,297
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 265,730,912 273,620,685 501,538,227
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) Click to see attachment1,650 Click to see attachment1,900
23 Total liabilities (add lines 17 through 22)......... 1,650 1,900
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........... 265,729,262 273,618,785
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    
29 Total net assets or fund balances (see instructions)..... 265,729,262 273,618,785
30 Total liabilities and net assets/fund balances (see instructions). 265,730,912 273,620,685
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
265,729,262
2
Enter amount from Part I, line 27a .....................
2
7,889,523
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
273,618,785
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
273,618,785
Form 990-PF (2021)
Form 990-PF (2021)
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 SALE OF SECURITIES P 2021-01-01 2021-12-31
b DELTEC SPEC SIT PTN - CG P 2021-01-01 2021-12-31
c RMB SMID - CG DISTRIBUTIONS P 2021-01-01 2021-12-31
d NORTHERN TRUST FD A/C - CG DISTRIBUTIONS P 2021-01-01 2021-12-31
e ITHAKA - CG DISTRIBUTIONS P 2021-01-01 2021-12-31
PIMCO EQUITY SER RAE FD - CG P 2021-01-01 2021-12-31
SCOTT SELBER A/C - CG DISTRIBUTION P 2021-01-01 2021-12-31
GMO EMERGING DOMESTIC FD - CG P 2021-01-01 2021-12-31
MILLER HOWARD - CG DISTIBUTIONS P 2021-01-01 2021-12-31
OAKTREE PRIVATE INVEST FD IV - CG P 2021-01-01 2021-12-31
.125 ACRES JH BELL SURVEY BRAZORIA CNTY P 1959-12-31 2021-09-02
1.616 ACRES FOR PRAIRIE BARN TRAIL P 2021-01-01 2021-01-01
(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 65,471,966   51,048,910 14,423,056
b 886,362     886,362
c 14,790     14,790
d 2,371,138     2,371,138
e 63     63
3,699,989     3,699,989
22     22
413,016     413,016
32,400     32,400
200,287     200,287
1,000   110 890
422,358   18,395 403,963
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       14,423,056
b       886,362
c       14,790
d       2,371,138
e       63
      3,699,989
      22
      413,016
      32,400
      200,287
      890
      403,963
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 22,445,976
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 387,582
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- ..... 5 387,582
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 291,647
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 391,647
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 4,065
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet4,065 RefundedBullet 11  
Part VI-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
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.thegeorgefoundation.org
    14
    The books are in care ofbulletSANDRA G THOMPSON Telephone no.bullet (281) 342-6109

    Located atbullet215 MORTON STRICHMONDTX ZIP+4bullet77469
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
    No
    c
    .........bullet
    d
    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? .................
    5d
    Yes
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    ROGER E ADAMSON CEO
    40.00     		395,500 24,328 5,148
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    MARK MAGEE Trustee
    4.00     		30,000    
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    JAMES CONDREY Trustee
    4.00     		30,000    
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    STEPHEN J EWBANK Trustee
    4.00     		30,000    
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    JOHN M NULL Trustee
    6.00     		30,000    
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    RUTHANNE MEFFORD Trustee
    4.00     		30,000    
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    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
    SANDRA G THOMPSON CFO
    40.00     		225,150 82,413 480
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    ADRIENNE BARKER GRHP SITE DIRECTOR
    40.00     		117,500 919 1,014
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    DIANA KALLUS-ETZLER ACCOUNTANT
    40.00     		99,625 16,604 480
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    ROCKY L PARR OPERATIONS MGR
    40.00     		108,300 42,919 554
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    QUYNH-ANH MCMAHAN GRANT OFFICER
    40.00     		159,000 10,022 9,868
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    Total number of other employees paid over $50,000...................bullet 11
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    RMB CAPITAL MANAGEMENT LLC INVESTMENT MANAGER 272,611
    115 S LASALLE 34TH FLOOR
    CHICAGO,IL60601
    WILLIAMS PUBLIC AFFAIRS CONSULTANT 120,000
    2506 ENFIELD UNIT A
    AUSTIN,TX78703
    UPSTREAM THINKING LLC CONSULTANT 166,000
    5409 WOODROW AVE UNIT D
    AUSTIN,TX78756
    LINDSEY ELECTRIC LP ELECTRICAL 336,592
    823 THORNTON RD
    HOUSTON,TX77018
    PAUL COMSTOCK PARTNERS INVESTMENT COUNCIL 205,934
    1177 WEST LOOP SOUTH SUITE 1500
    HOUSTON,TX77027
    Total number of others receiving over $50,000 for professional services.............bullet4
    Part VIII-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 THE GEORGE RANCH HISTORICAL PARK (GRHP) - OPERATING EXPENSESTHE GRHP IS AN OUTDOOR LIVING MUSEUM WHERE EVERY DAY, THE LEGENDS AND LEGACIES OF THOSE WHO SHAPED THIS PLACE COME TO LIFE. AUTHENTIC LOCATIONS, HISTORIC HOMES, COSTUMED PRESENTERS AND A REMARKABLE STORY OF DETERMINATION AND COURAGE SET THE STAGE FOR TREKKING THROUGH TEXAS HISTORY. PUBLIC TOURS AND AN EXTENSIVE LIST OF SCHOOL PROGRAMS ARE AVAILABLE.DUE TO COVID-19 AND THE RESULTING SHUTDOWNS, 2021 VISITATION BEGAN A RECOVERY FROM 2020 YET STILL NOT AT PRE-PANDEMIC LEVELS. 8,385 STUDENT GROUP ATTENDEES FROM 54 SCHOOLS PLUS 45 PRIVATE/CHARTER GROUPS - 17 INDEPENDENT SCHOOL DISTRICTS, PLUS 25 PRIVATE/CHARTER SCHOOLS, AND 11 COUNTIES; TOTAL GRHP ATTENDANCE FOR 2021 = 13,647 1,894,061
    2  
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    297,321,041
    b
    Average of monthly cash balances.......................
    1b
    510,781
    c
    Fair market value of all other assets (see instructions)................
    1c
    177,466,062
    d
    Total (add lines 1a, b, and c).........................
    1d
    475,297,884
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    475,297,884
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    7,129,468
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    468,168,416
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    23,408,421
    Part X
    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 IX, line 6..................
    1
    23,408,421
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    387,582
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    387,582
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    23,020,839
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    1,150,000
    5
    Add lines 3 and 4............................
    5
    24,170,839
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    24,170,839
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 24,170,839
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 17,852,257
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 21,281,065
    a Applied to 2020, but not more than line 2a 17,852,257
    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 2021 distributable amount..... 3,428,808
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		20,742,031
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    TRUSTEES - THE GEORGE FOUNDATION
    310 MORTON ST PMB SUITE C
    RICHMOND,TX77469
    (281) 342-6109
    grants@thegeorgefoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    GO TO WWW.THEGEORGEFOUNDATION.ORG/GRANTS FOR INFORMATION ON APPLYING FOR A GRANT FROM THE GEORGE FOUNDATION.
    cAny submission deadlines:
    GO TO WWW.THEGEORGEFOUNDATION.ORG/GRANTS FOR DEADLINES
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GO TO WWW.THEGEORGEFOUNDATION.ORG/GRANTS FOR LIMITATIONS ON AWARDS
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    SEE ATTACHED PDF
    SEE ATTACHED PDF
    SEE ATTACHED PDF,TX77469     		NONE   SEE ATTACHED PDF 16,924,636
    Total .................................bullet 3a 16,924,636
    bApproved for future payment
    SEE ATTACHED PDF
    SEE ATTACHED PDF
    SEE ATTACHED PDF,TX77469     		NONE   SEE ATTACHED PDF 17,423,065
    Total .................................bullet 3b 17,423,065
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 2,037,171  
    4 Dividends and interest from securities ....          
    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     16 1,222,013  
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 22,445,976  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEASEMENTS/ROW     		    16 2,567  
    bMISCELLANEOUS INCOME     14 4,103  
    cOIL & GAS ROYALTIES     15 1,662,174  
    dOTHER PORTFOLIO INCOME     14 10,384  
    ePARTNERSHIP INCOME     14 467,909  
    fPARTNERSHIP INCOME - UBTI 900000 111,480      
    gRECOVERY OF PRIOR GRANTS     1 1,150,000  
    hSALE OF LIVESTOCK     18 6,178  
    12 Subtotal. Add columns (b), (d), and (e) .. 111,480 31,316,115  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    31,427,595
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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)
    Yes
     
    (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
    1a(1) 60,000 MORTON CEMETERY CASH GRANT
    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 (2021)
    Additional Data


    Software ID: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 46,500 18,600 0 27,900

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

    TY 2021 DepreciationSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    SEPTIC SYS-FARM HOUSE 1997-08-12 1,874 1,122 SL 39.0000 48      
    SECURITY GATE PIPES 2001-03-01 1,119 1,113 SL 20.0000 6      
    CHAIN LINK GATES-SHOP 2001-04-26 700 687 SL 20.0000 13      
    LAKE PASTURE FENCE 2002-04-12 4,232 3,975 SL 20.0000 212      
    215 MORTON PROF FEES-2002 2004-09-20 2,357 975 SL 39.0000 60      
    215 MORTON PROF FEES-2003 2004-09-20 34,357 14,316 SL 39.0000 881      
    THOMPSON L/G FENCE 2004-12-12 4,128 3,485 SL 20.0000 206      
    215 MORTON OFF BLDG-30% 2004-09-20 504,629 210,347 SL 39.0000 12,939      
    215 MORTON FINAL COST 30% 2005-01-01 2,683 1,104 SL 39.0000 69      
    BOOTH TRACT FENCE 2006-10-05 11,196 7,980 SL 20.0000 560      
    PARTITION FEN-PAST 4 & 9 2007-09-27 1,291 861 SL 20.0000 65      
    FENCE-1 M S BOUND THOMPSO 2009-09-16 4,118 2,317 SL 20.0000 206      
    CULVERT ON "NEW ROAD" 2010-06-24 1,646 1,155 SL 15.0000 110      
    DONAVAN FENCE PROJECT 2010-08-18 14,490 7,492 SL 20.0000 725      
    BOOTH TRACT FENCE (NRG) 2011-10-26 19,452 8,919 SL 20.0000 973      
    BOOTH TR HAY FLD CULVERTS 2011-02-24 1,161 758 SL 15.0000 77      
    2 DRAINAGE PIPES 2012-04-19 1,493 866 SL 15.0000 100      
    TWIN WINDMILL RD DRAINAGE 2012-12-05 716 388 SL 15.0000 48      
    ABOVE GRD FUEL TANK@SHOP 2012-12-30 12,794 6,824 SL 15.0000 853      
    ELECT GATE @ SHOP 2012-12-27 3,299 2,640 SL 10.0000 330      
    BIG CREEK ELECT GATE 2012-03-22 4,726 4,138 SL 10.0000 473      
    SAWMILL RD FENCE 2012-10-25 2,983 1,217 SL 20.0000 149      
    BERRY TRACT DRAINAGE PIPE 2012-10-18 2,281 1,241 SL 15.0000 152      
    36" DRAINAGE PIPE FLD 166 2013-02-21 1,352 705 SL 15.0000 90      
    ABOVE GRD FUEL TANK@SHOP 2013-01-16 12,794 6,753 SL 15.0000 853      
    MANUEL MORRIS CONTAINERS 2013-03-11 7,350 2,882 SL 20.0000 368      
    MANUEL MORRIS SHED 2013-05-02 25,850 9,913 SL 20.0000 1,293      
    36" CULVERT THOMPSON #15 2013-02-21 4,073 2,130 SL 15.0000 272      
    MANUEL MORRIS STCKPEN/FEN 2013-05-23 43,265 16,403 SL 20.0000 2,163      
    LAKE/BULL PASTURE FENCE 2013-07-01 59,920 22,470 SL 20.0000 2,996      
    ELECTRIC@M MORRIS BARN 2013-08-21 1,689 616 SL 20.0000 84      
    FENCE THOMPSON #10 & #11 2013-02-07 1,634 649 SL 20.0000 82      
    JD 6215 TRACTOR 2014-02-04 14,320 14,151 SL 7.0000 169      
    THOMPSON PERAMETER FENCE 2014-11-20 47,769 14,527 SL 20.0000 2,388      
    BOOTH TRACT WELL 849-AP G 2014-05-29 2,115 1,988 SL 7.0000 127      
    OFFICE CHAIR - ROGER 2014-05-22 1,158 1,087 SL 7.0000 71      
    ATRIUM DINING TBLS - 2 2014-06-12 3,137 2,949 SL 7.0000 188      
    ATRIUM ADDL CHAIRS-4 2014-08-06 180 167 SL 7.0000 13      
    THOMPSON PERIMETER FENCE 2015-10-01 55,469 14,558 SL 20.0000 2,773      
    EPSON PROJECTOR-CONF RM 2015-08-30 2,058 1,568 SL 7.0000 294      
    N SIDE AWNING-1/2 2015-12-30 475 160 SL 15.0000 32      
    PICTURES FOR ATRIUM 2015-12-17 314 225 SL 7.0000 45      
    DELL OPTIPLEX 9020-DIANA 2016-02-09 1,675 1,647 SL 5.0000 28      
    FUJITSU SCANSNAP IX500-DI 2016-02-09 547 536 SL 5.0000 11      
    IPAD PRO-ROGER 2016-02-11 1,172 1,151 SL 5.0000 21      
    2 5 DRAWER LEGAL FILE CAB 2016-03-16 1,012 688 SL 7.0000 145      
    2 DRAWER FILING CAB-DIANA 2016-06-16 379 243 SL 7.0000 54      
    ERGONOMIC TASK CHAIR-SACH 2016-08-17 150 91 SL 7.0000 21      
    HON 482L FILE CABINET-AMM 2016-08-17 351 217 SL 7.0000 50      
    ATS ACOUSTIC PANELS 2016-01-21 629 442 SL 7.0000 90      
    N SIDE AWNING -1/2 2016-03-03 475 154 SL 15.0000 32      
    FENCE-BIG CREEK BY PASS 2016-10-24 3,628 1,008 SL 15.0000 242      
    48" 20' DRAINAGE PIPE 2017-03-14 2,176 556 SL 15.0000 145      
    LOW WATER CROSSING 2017-12-07 6,800 1,397 SL 15.0000 453      
    DELL P2317h MONITOR-SUSAN 2017-07-06 232 161 SL 5.0000 46      
    FUJITSU SCANSNAP IX500-SU 2017-07-06 501 350 SL 5.0000 100      
    APC SMARTUPS 1500-SERVER 2017-12-29 745 447 SL 5.0000 149      
    ONEIDA FLATWARE FOR 12 2017-10-05 382 179 SL 7.0000 55      
    RECEPTION DESK AREA RUG 2017-11-30 224 99 SL 7.0000 32      
    TILE AT N ENTRANCE 2017-03-01 2,543 651 SL 15.0000 170      
    TILE AT RECEPTION SM CONF 2017-10-26 2,294 484 SL 15.0000 153      
    MANITOWOC ICE MACH 2017-05-11 2,125 1,114 SL 7.0000 304      
    2 HP LASER JET PRO M402DN 2018-11-28 576 240 SL 5.0000 115      
    K150 KEURIG COFFEE MAKER 2018-07-19 200 70 SL 7.0000 29      
    215 MORTON AC UPGRADE 30% 2018-07-03 10,800 1,800 SL 15.0000 720      
    WTER HTR FOR KITCHEN 2018-07-19 260 89 SL 7.0000 37      
    A MEYERS RD SECURITY GATE 2019-04-10 5,509 482 SL 20.0000 275      
    AIR COMP 5.5HP 8 GAL-50% 2019-02-14 475 130 SL 7.0000 68      
    BOOTH TRACT FENCE 2019-06-20 15,050 1,129 SL 20.0000 753      
    SONICWALL TZ300 FIREWALL 2019-02-14 1,017 389 SL 5.0000 203      
    DELL PWREDGE T640 FILE SV 2019-03-13 6,795 2,492 SL 5.0000 1,359      
    DELL OPTIPLEX 7060-ROGER 2019-08-01 2,145 608 SL 5.0000 429      
    DELL PRECISION 7530-SANDR 2019-08-01 3,676 1,041 SL 5.0000 735      
    DELL OPTIPLEX 7060-MARLA 2019-08-01 1,486 421 SL 5.0000 297      
    HP OFFICE JET 5255 PR-MD 2019-07-11 70 21 SL 5.0000 14      
    GE 30IN ELECT RANGE 2019-06-20 939 201 SL 7.0000 134      
    DISHWASHER WHIRLPOOL 2019-09-12 630 120 SL 7.0000 90      
    2 25 TON A/C UNITS-30% 2019-10-30 30,823 2,397 SL 15.0000 2,055      
    2016 KUBOTA RTV-X1140 - 2/3 2020-02-04 8,667 1,135 SL 7.0000 1,238      
    PORTABLE WELDING MACHINE 2020-02-05 2,695 353 SL 7.0000 385      
    STIHL CHAINSAW MS 170 2020-03-25 180 19 SL 7.0000 26      
    STIHL POLE SAW HT 56 C-EZ 2020-03-25 400 43 SL 7.0000 57      
    2020 JD 5115M TRACTOR - 50% 2020-08-17 34,550 1,645 SL 7.0000 4,936      
    JD M15 FLEX WING SHREDDER - 50% 2020-08-26 8,699 414 SL 7.0000 1,243      
    FENCE BOOTH TRACT 2020-10-05 10,566 132 SL 20.0000 528      
    DELL OPTIPLEX 7070 - DONNA 2020-04-09 1,378 207 SL 5.0000 276      
    DELL OPTIPLEX 7070 - DIANA 2020-07-28 1,648 137 SL 5.0000 330      
    IPAD-10.2 IN WIFI - DONNA 2020-09-24 625 31 SL 5.0000 125      
    MITEL IP PHONE-ROCAILLE 2020-07-03 465 33 SL 7.0000 66      
    STANLEY SECURITY CAMERAS INTERCOM 2020-07-07 6,345 317 SL 10.0000 635      
    500 GAL SPRAY TANK 2021-12-10 3,106   SL 7.0000 37      
    2021 FORD F-250 (50%) 2021-03-03 32,544   SL 5.0000 5,424      
    LOGITECH WEBCAM (DIANA) 2021-06-04 130   SL 5.0000 15      
    LOGITECH C 930 WEBCAM (ROGER) 2021-06-04 130   SL 5.0000 15      
    AT&T SB3014 CONF PHONE 2021-07-26 248   SL 7.0000 15      
    WIFI ACCESS POINTS, NETGEAR POE SWI 2021-09-10 360   SL 5.0000 24      
    SONY BLUETOOTH WIRELESS SPEAKER 2021-10-27 89   SL 5.0000 3      
    FELLOWES 99CI SHREDDER (DIANA) 2021-11-24 293   SL 7.0000 3      
    215 MORTON ROOF - 30% 2021-09-10 9,600   SL 20.0000 160      

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 34,017,000 6,311,682 27,705,318 162,510,853

    TY 2021 LandEtcSchedule2
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Buildings 25,602,241 17,708,427 7,893,814 20,690,865


    TY 2021 LegalFeesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL LEGAL FEES 29,873 8,962 0 20,911
    GRANT RELATED 5,385 0 0 5,385
    OIL AND GAS RELATED 2,130 2,130 0 0
    REAL ESTATE COUNCIL 185,980 185,980 0 0


    TY 2021 OtherAssetsSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    BERRY PLACE HOLDINGS LP 1,227 112 112
    BERRY PLACE VENTURE LP 6,767,140 6,628,203 8,324,963
    BERRY PLACE VENTURES MGMT LLC 7,016 7,016 7,016
    FAIRCHILD FARMERS COOP GIN RECEIVABLE 32,283 21,282 21,282
    LID #6 REIMBURSEABLE   24,350 24,350
    MMD #3 REIMBURSABLE 29,269 29,611 29,611
    MUD #207 REIMBURSEABLE 5,887,571 6,314,882 6,314,882
    MUD #237 REIMBURSABLE 59,850 62,579 62,579
    OTHER ASSETS 9,055 9,055 9,055
    PLAINS COTTON COOP ASSOC RECEIVABLE 3,984 3,324 3,324
    PURCHASED INTEREST 19,192 26,123 26,123


    TY 2021 OtherExpensesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GEORGE RANCH HISTORICAL PARK OPERATIONS 1,894,061     1,894,061
    GRANT RELATED EXPENSES 240,159     240,159
    INSURANCE 154,558 53,770   100,788
    MISCELLANEOUS 13,750 1,431   12,319
    NONDEDUCTIBLE EXPENSE 191      
    OFFICE EXPENSE 68,289 33,500   34,789
    REAL ESTATE RELATED EXPENSES 6,927 6,927    
    Rental Expenses 286,349 286,349    
    TRUSTEE EXPENSES 3,708 1,112   2,596


    TY 2021 OtherIncomeSchedule2
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    EASEMENTS/ROW 2,567 2,567  
    MISCELLANEOUS INCOME 4,103 4,103  
    OIL & GAS ROYALTIES 1,662,174 1,662,174  
    OTHER PORTFOLIO INCOME 10,384 10,384  
    PARTNERSHIP INCOME 467,909 467,909  
    PARTNERSHIP INCOME - UBTI 111,480    
    RECOVERY OF PRIOR GRANTS 1,150,000    
    SALE OF LIVESTOCK 6,178    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    HOUSE DEPOSITS 1,650 1,900


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER CONSULTING FEES 29,792 11,917 0 17,875
    INVESTMENT CUSTODIAL FEES 53,996 53,996 0 0
    INVESTMENT MANAGEMENT FEES 1,043,647 1,043,647 0 0
    OTHER PROFESSIONAL FEES 1,150 460 0 690
    REAL ESTATE CONSULTING FEES 167,934 167,934 0 0


    TY 2021 TaxesSchedule
    Name:
    THE GEORGE FOUNDATION
    EIN:
    74-6043368
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AD VALOREM TAXES 86,050 67,418   18,630
    EXCISE TAXES 399,172      
    PAYROLL TAXES 70,651 24,728   45,922