Form990-PF
Click to see attachment
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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
STEPHEN M SEAY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)6060 N CENTRAL EXPRESSWAY 500
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX75206
A Employer identification number

36-4613275
B Telephone number (see instructions)

(214) 718-9047
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$28,204,224J 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 43,389 43,389  
4 Dividends and interest from securities... 575,997 575,997  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 351,069
b Gross sales price for all assets on line 6a 1,675,974
7 Capital gain net income (from Part IV, line 2)... 351,069
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 16,610 0  
12 Total. Add lines 1 through 11........ 987,065 970,455  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 17,934 8,966   8,968
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,342 671   671
c Other professional fees (attach schedule)....        
17 Interest............... 971 0   971
18 Taxes (attach schedule) (see instructions)... Click to see attachment 21,250 9,517   15
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 9,580 0   9,580
21 Travel, conferences, and meetings....... 1,547 0   1,547
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 172,421 169,727   2,585
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 225,045 188,881   24,337
25 Contributions, gifts, grants paid....... 1,315,500 1,315,500
26 Total expenses and disbursements. Add lines 24 and 25 1,540,545 188,881   1,339,837
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -553,480
b Net investment income (if negative, enter -0-) 781,574
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.............      
2 Savings and temporary cash investments......... 596,959 1,008,454 1,008,454
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,766,923 Click to see attachment17,411,119 27,194,895
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet   69,171 0 0
15 Other assets (describe bullet) Click to see attachment875 Click to see attachment875 Click to see attachment875
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 18,433,928 18,420,448 28,204,224
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)......   Click to see attachment540,000
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 540,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 18,433,928 17,880,448
29 Total net assets or fund balances (see instructions)..... 18,433,928 17,880,448
30 Total liabilities and net assets/fund balances (see instructions). 18,433,928 18,420,448
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
18,433,928
2
Enter amount from Part I, line 27a .....................
2
-553,480
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,880,448
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
17,880,448
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 BLACK STONE MINERALS, LP P   2021-12-31
b 2000.0 SHS SOUTHERN CO P 2020-07-17 2021-02-05
c 1060.0 SHS VITRIS INC COM P   2021-01-26
d 150000.0 SHS BERKSHIRE HATHAWAY FINANCE CORPGTD SENIOR NOTE DTD 01/11/2011 P 2018-08-09 2021-01-15
e 210000.0 SHS COCA COLA SO SR NT DTD 10/27/15 P 2016-12-27 2021-06-04
2000.0 SHS GENUINE PARTS CO P 2012-11-01 2021-02-05
2296.21 SHS MFO DFA INVESTMENT DIMENSIONS GROUP INC US SMALL CAP P   2021-02-26
14705.88 SHS MFB NORTHN HI YIELD FXD INC FD P 2010-06-15 2021-02-26
14792.9 SHS MFB NORTHN HI YIELD FXD INC FD P 2010-06-15 2021-03-08
14749.26 SHS MFB NORTHN HI YIELD FXD INC FD P 2010-06-15 2021-04-01
2000.0 SHS MARATHON DIGITAL HLDGS I P 2021-07-26 2021-08-30
7900.0 SHS GENERAL ELECTRIC CO P 2017-12-26 2021-07-21
2600.0 SHS MARATHON OIL CORP P 2018-09-25 2021-07-21
42.0 SHS WABTEC P 2019-02-28 2021-07-21
NORTHERN TRUST #4081 CAPITAL GAIN DISTRIBUTIONS P   2021-12-31
SALE OF PAINTING P 2011-08-15 2021-07-21
SALE OF PHOTOGRAPH P 2011-05-24 2021-12-02
(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     78 -78
b 122,025   109,200 12,825
c 18,088   15,387 2,701
d 150,000   150,987 -987
e 227,322   206,042 21,280
202,818   125,555 77,263
100,000   76,450 23,550
100,000   100,000 0
100,000   100,592 -592
100,000   100,295 -295
78,955   59,290 19,665
102,423   138,429 -36,006
30,875   58,544 -27,669
3,444   3,185 259
223,024     223,024
110,000 7,971 66,800 51,171
7,000 3,558 25,600 -15,042
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       -78
b       12,825
c       2,701
d       -987
e       21,280
      77,263
      23,550
      0
      -592
      -295
      19,665
      -36,006
      -27,669
      259
      223,024
      51,171
      -15,042
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 2 351,069
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 0
3 Add lines 1 and 2........................... 3 10,864
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,864
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 6,640
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 9,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,640
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 33
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 4,743
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet4,743 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part 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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletLEE-ANN GRAHAM Telephone no.bullet (214) 718-9047

    Located atbullet6060 N CENTRAL EXPRESSWAY SUITE 500DALLASTX ZIP+4bullet75206
    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
    Yes
     
    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
     
    No
    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)
     
    No
    (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
     
     
    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
     
     
    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
    PETER K LUTKEN III DIRECTOR
    2.00     		3,971 0 0
    6060 N CENTRAL EXPRESSWAY SUITE 500
    DALLAS,TX75206
    LEE-ANN GRAHAM DIRECTOR
    2.00     		5,621 0 2,625
    6060 N CENTRAL EXPRESSWAY SUITE 500
    DALLAS,TX75206
    DAVID J WOOD DIRECTOR
    2.00     		8,342 0 808
    6060 N CENTRAL EXPRESSWAY SUITE 500
    DALLAS,TX75206
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    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.........................bullet0
    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
    25,201,096
    b
    Average of monthly cash balances.......................
    1b
    1,197,650
    c
    Fair market value of all other assets (see instructions)................
    1c
    572,224
    d
    Total (add lines 1a, b, and c).........................
    1d
    26,970,970
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    26,970,970
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    404,565
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    26,566,405
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,328,320
    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
    1,328,320
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    10,864
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,864
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,317,456
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,317,456
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,317,456
    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 1,317,456
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 599,782
    b Total for prior years:20, 20, 20 0
    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 ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,339,837
    a Applied to 2020, but not more than line 2a 599,782
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 740,055
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		577,401
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (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
    ABRAMS PLANETARIUM - MICHIGAN STATE UNIVERSITY
    535 CHESTNUT ROAD ROOM 300
    EAST LANSING,MI48824     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    ADVENTURE CYCLING ASSOCIATION
    150 EAST PINE STREET
    MISSOULA,MT59807     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 1,000
    ARTIST BOAT
    2627 AVENUE O
    GALVESTON,TX77550     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 4,000
    ASPEN VALLEY LAND TRUST
    320 MAIN STREET SUITE 204
    CARBONDALE,CO81623     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    BIG BEND CONSERVANCY
    PO BOX 200
    BIG BEND NATIONAL PARK,TX79834     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 50,000
    BONTON FARMS
    2612 VALENTINE ST
    DALLAS,TX75215     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    BOY SCOUT TROOP #511-PALMER MEMORIAL EPISCOPAL CHURCH
    6221 MAIN STREET
    HOUSTON,TX77030     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 20,000
    BOY SCOUTS OF AMERICA - CIRCLE TEN COUNCIL
    8605 HARRY HINES BLVD
    DALLAS,TX75235     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    BOY SCOUTS OF AMERICA NATIONAL FOUNDATION
    PO BOX 152079
    IRVING,TX75015     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    BOY SCOUTS OF AMERICA-SAM HOUSTON AREA COUNCIL
    2225 N LOOP WEST
    HOUSTON,TX77008     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    BREAKTHROUGH CENTRAL TEXAS
    1050 E 11TH STREET
    AUSTIN,TX78702     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 50,000
    BROTHER BILL'S HELPING HANDS
    PO BOX 565846
    DALLAS,TX75356     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    BUFFALO BILL CENTER OF THE WEST
    720 SHERIDAN AVE
    CODY,WY82414     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    CALIFORNIA INSTITUTE OF TECHNOLOGY
    1200 E CALIFORNIA BLVD
    PASADENA,CA91125     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 35,000
    CAMP JOHN MARC
    2929 CARLISLE STREET SUITE 355
    DALLAS,TX75204     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    CHICAGO LIGHTS
    126 E CHESTNUT STREET
    CHICAGO,IL60611     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    CHILDREN'S HEALTH
    2777 STEMMONS FREEWAY SUITE 700
    DALLAS,TX75207     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 60,000
    CHRISTIAN COMMUNITY SERVICE CENTER
    PO BOX 27924
    HOUSTON,TX77227     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    COLORADO SCHOOL OF THE MINES
    PO BOX 4005
    GOLDEN,CO80402     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    COMPELLING LIGHT
    PO BOX 821536
    DALLAS,TX75382     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    CONCORDIA LANGUAGE VILLAGES
    901 8TH STREET S
    MOORHEAD,MN56562     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 3,000
    CROW CANYON ARCHAEOLOGICAL CENTER
    23390 COUNTY ROAD K
    CORTEZ,CO81321     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 52,500
    DALLAS ACADEMY
    950 TIFFANY WAY
    DALLAS,TX75218     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 2,000
    DALLAS ARBORETUM & BOTANICAL GARDEN
    8525 GARLAND ROAD
    DALLAS,TX75218     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 50,000
    DALLAS CHILDREN'S THEATER
    5938 SKILLMAN ST
    DALLAS,TX75231     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    DALLAS EDUCATION FOUNDATION
    3700 ROSS AVE STE 209
    DALLAS,TX75204     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 20,000
    DALLAS IS GARDENING INC
    12408 MATISSE LANE
    DALLAS,TX75230     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    DALLAS MUSEUM OF ART
    1717 N HARWOOD ST
    DALLAS,TX75201     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 30,000
    DALLAS ZOOLOGICAL SOCIETY
    650 R L THORTON FWY
    DALLAS,TX75203     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    DEEP SPRINGS COLLEGE
    HC72 BOX 45001
    DYER,NV89010     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 100,000
    FOR THE LOVE OF THE LAKE
    PMB 381 CASA LINDA PLAZA
    DALLAS,TX75218     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 1,000
    GATEWAY MOUNTAIN CENTER - SEE
    PO BOX 995
    SODA SPRINGS,CA95728     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 3,000
    GENESIS WOMEN'S SHELTER
    4411 LEMMON AVE 201
    DALLAS,TX75219     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    GIRL SCOUTS OF NORTHEAST TEXAS
    6001 SUMMERSIDE DR
    DALLAS,TX75252     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    GIRL SCOUTS OF SAN JACINTO COUNCIL
    3110 SOUTHWEST FWY
    HOUSTON,TX77098     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    GREATER DALLAS YOUTH ORCHESTRA
    3630 HARRY HINES BLVD
    DALLAS,TX75219     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    GROW NORTH TEXAS
    8907 SAN LEANDRO DR
    DALLAS,TX75218     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 2,500
    HANAHAU'OLI SCHOOL
    1922 MAKIKI STREET
    HONOLULU,HI96822     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    HIGH MOUNTAIN INSTITUTE
    531 COUNTRY ROAD 5A
    LEADVILLE,CO80461     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 3,000
    HOPE SUPPLY COMPANY
    10480 SHADY TRAIL SUITE 104
    DALLAS,TX75220     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    HOUSTON ARBORETUM
    4501 WOODWAY DRIVE
    HOUSTON,TX77024     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    HOUSTON FOOD BANK
    535 PORTWALL ST
    HOUSTON,TX77029     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 20,000
    INSTITUTE FOR CIVILITY IN GOVERNMENT
    PO BOX 41804
    HOUSTON,TX77241     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    JOHN BUNKER SANDS WETLAND CENTER
    655 MARTIN LANE
    SEAGOVILLE,TX75159     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    KNIGHTS OF HEROS FOUNDATION
    13395 VOYAGER PKWY
    COLORADO SPRINGS,CO80921     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    LAKEHILL PREPARATORY SCHOOL
    2720 HILLSIDE DR
    DALLAS,TX75214     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 1,000
    LITERACY ACHIEVES - VICKERY MEADOWS LEARNING CENTER
    4144 NORTH CENTRAL EXPWY SUITE 702
    DALLAS,TX75204     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    LOCALOGYSANGRE DE CRISTO YOUTH RANCH
    HC 81 BOX 412031 LA LAMA ROAD
    QUESTA,NM87556     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 15,000
    MENTAL HEALTH AMERICA OF GREATER DALLAS
    624 N GOOD LATIMER EXPY STE 200
    DALLAS,TX75204     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    NATIONAL CHRISTIAN FOUNDATION
    8214 WESTCHESTER DRIVE SUITE 950
    DALLAS,TX75225     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 1,000
    NATIONAL COWBOY & WESTERN HERITAGE MUSEUM
    1700 NE 63RD ST
    OKLAHOMA,OK73111     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 2,500
    NATIONAL GHOST RANCH FOUNDATION
    280 PRIVATE DRIVE 1708
    ABIQUIU,NM87510     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    NORTH TEXAS FOOD BANK
    4500 S COCKRELL HILL ROAD
    DALLAS,TX75236     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 40,000
    OUT TEACH
    1700 UNIVERSITY DRIVE SUITE 260
    FORT WORTH,TX76107     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 2,500
    PEROT MUSEUM OF NATURE & SCIENCE
    2201 N FIELD ST
    DALLAS,TX75201     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 50,000
    PIVOT INC - A TURNING POINT FOR YOUTH
    201 NE 50TH ST
    OKLAHOMA CITY,OK73105     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 1,000
    PRINCETON UNIVERSITY
    330 ALEXANDER STREET
    PRINCETON,NJ08540     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    READERS 2 LEADERS
    PO BOX 195076
    DALLAS,TX75219     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    RECIPE FOR SUCCESS FOUNDATION
    PO BOX 56405
    HOUSTON,TX77256     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    REGIONAL FOOD BANK OKLAHOMA
    PO BOX 270968
    OKLAHOMA CITY,OK73137     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 20,000
    SPCA OF TEXAS
    2400 LONE STAR DRIVE
    DALLAS,TX75212     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 500
    ST MARKS SCHOOL OF TEXAS
    10600 PRESTON ROAD
    DALLAS,TX75230     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 25,000
    ST PHILIP'S SCHOOL & COMMUNITY CENTER
    1600 PENNSYLVANIA AVE
    DALLAS,TX75215     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 100,000
    STANFORD UNIVERSITY
    520 LASUEN MALL
    STANFORD,CA94305     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    SURPASSING GRACE
    PO BOX 550951
    DALLAS,TX75355     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 20,000
    TEXAS CONSERVATION ALLIANCE
    PO BOX 822554
    DALLAS,TX75382     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    TEXAS SCOTTISH RITE HOSPITAL
    2222 WELBORN ST
    DALLAS,TX75219     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 40,000
    THE AMERICAN ADVENTURE SERVICE CORP
    PO BOX 69
    JONAS RIDGE,NC28641     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    THE BUSH SCHOOL
    3400 EAST HARRISON STREET
    SEATTLE,WA98112     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    THE EPISCOPAL SCHOOL OF DALLAS
    4100 MERRELL RD
    DALLAS,TX75229     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    THE NATURE DISCOVERY CENTER
    7112 NEWCASTLE ST
    BELLAIRE,TX77401     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    THE WINSTON SCHOOL
    5707 ROYAL LANE
    DALLAS,TX75229     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    THE WOODS PROJECT
    6 SLEEPY OAKS
    HOUSTON,TX77024     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 100,000
    TRINITY RIVER AUDUBON CENTER
    6500 GREAT TRINITY FOREST WAY
    DALLAS,TX75217     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    URBAN HARVEST
    2311 CANAL STREET SUITE 200
    HOUSTON,TX77003     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    WEST DALLAS COMMUNITY SCHOOL
    2300 CANADA DRIVE
    DALLAS,TX75212     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    YELLOWSTONE BIG HORN RESEARCH ASSOCIATION
    PO BOX 20598
    BILLINGS,MT59104     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    YOUNG LIFE ST MARKS
    PO BOX 70065
    PRESCOTT,AZ86304     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 10,000
    YOUNG LIFE WILDERNESS RANCH CAMP
    PO BOX 70065
    PRESCOTT,AZ86304     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    YOUNG LIFE LAKE HIGHLANDS
    PO BOX 70065
    PRESCOTT,AZ86304     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 2,500
    YOUNG LIFE NORTH DALLAS HIGH SCHOOL
    PO BOX 70065
    PRESCOTT,AZ86304     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 5,000
    YOUNG LIFE
    11300 N CENTRAL EXPRESSWAY STE 600
    DALLAS,TX75243     		NO RELATIONSHIP PUBLIC CHARITY HELP OTHERS 7,500
    Total .................................bullet 3a 1,315,500
    bApproved for future payment
    Total .................................bullet 3b 0
    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 43,389  
    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          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 351,069  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aBLACK STONE MINERALS, LP     		523000 966      
    bTAX-EXEMPT INTEREST INCOME     14   10,342
    cFEDERAL TAX REFUNDS     01   5,302
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 966 970,455 15,644
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    987,065
    (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.)
    11B INTEREST WAS EXCLUDED FROM GROSS INCOME BY SECTION 103.
    11B FEDERAL EXCISE TAX REFUNDS PAID EXCLUDED FROM NET INVESTMENT INCOME
    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)
     
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEES 1,342 671   671

    TY 2021 InvestmentsOtherSchedule2
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS AT COST 16,838,894 26,622,670
    INVESTMENT IN OIL NUT BAY AT COST 87,441 87,441
    KIMBELL ROYALTY PARTNERS LP AT COST 409,445 409,445
    INVESTMENT IN BLACK STONE MINERALS, L.P. AT COST 75,339 75,339

    TY 2021 MortgagesAndNotesPayableSch
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Total Mortgage Amount:  

    Item No. 1
    Lender's Name NORTHERN TRUST LOC #4196
    Lender's Title  
    Relationship to Insider NONE
    Original Amount of Loan 1,500,000
    Balance Due 540,000
    Date of Note 2015-12
    Maturity Date 2020-06
    Repayment Terms LINE OF CREDIT
    Interest Rate 2.000000000000
    Security Provided by Borrower INVESTMENT ACCOUNT #4081
    Purpose of Loan TO PAY FINANCIAL OBLIGATIONS
    Description of Lender Consideration  
    Consideration FMV  


    TY 2021 OtherAssetsSchedule
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UTILITY DEPOSIT 175 175 175
    SECURITY DEPOSIT 700 700 700


    TY 2021 OtherExpensesSchedule
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL DUES 1,560 0   1,560
    INSURANCE 24,538 23,853   685
    INVESTMENT FEES 145,854 145,854   0
    OFFICE EXP 325 0   325
    NONDEDUCTIBLE EXPENSE 7 0   0
    BANK SERVICE CHARGE 15 0   15
    PENALTIES 102 0   0
    CONTRIBUTIONS VIA BLACK STONE K-1 6 6   0
    MISCELLANEOUS INVESTMENT EXPENSE 14 14   0


    TY 2021 OtherIncomeSchedule2
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BLACK STONE MINERALS LP 3,645 3,645 3,645
    TEXAS CAPITAL BANK-OTHER INVESTMENT INCOME 1 1 1
    NORTHERN TRUST #4081-OTHER INVESTMENT INCOME -2,261 -2,261 -2,261
    OTHER INVESTMENT INCOME-K-1'S -1,399 -1,399 -1,399
    OTHER INVESTMENT INCOME-MISC 14 14 14
    BLACK STONE MINERALS, LP 966 0 966
    TAX-EXEMPT INTEREST INCOME 10,342   10,342
    FEDERAL TAX REFUNDS 5,302   5,302


    TY 2021 TaxesSchedule
    Name:
    STEPHEN M SEAY FOUNDATION INC
    EIN:
    36-4613275
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME TAX 11,718 0   0
    FOREIGN TAXES PAID 9,517 9,517   0
    PROPERTY TAXES 15 0   15