Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
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 Terry Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3336 Richmond Ave 450
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

31-1551093
B Telephone number (see instructions)

(713) 552-0002
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$556,738,782J 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) 1,407,555
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,079 2,079  
4 Dividends and interest from securities... 13,500,994 13,500,994  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 39,026,774
b Gross sales price for all assets on line 6a 270,898,575
7 Capital gain net income (from Part IV, line 2)... 37,471,194
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 3,861,310 4,210,882  
12 Total. Add lines 1 through 11........ 57,798,712 55,185,149  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 946,184 230,398   715,786
14 Other employee salaries and wages...... 810,028 0   810,028
15 Pension plans, employee benefits....... 534,204 199,120   335,084
16a Legal fees (attach schedule)......... Click to see attachment 42,641 21,320   21,321
b Accounting fees (attach schedule)....... Click to see attachment 30,640 11,320   15,320
c Other professional fees (attach schedule).... Click to see attachment 1,498,429 1,254,458   243,971
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 595,113 1,374   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 16,612 3,115  
20 Occupancy.............. 111,807 20,967   90,840
21 Travel, conferences, and meetings....... 21,415 13,123   8,293
22 Printing and publications.......... 17,893 3,355   14,538
23 Other expenses (attach schedule)....... Click to see attachment 1,598,172 1,372,495   224,075
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 6,223,138 3,131,045   2,479,256
25 Contributions, gifts, grants paid....... 17,626,100 17,626,100
26 Total expenses and disbursements. Add lines 24 and 25 23,849,238 3,131,045   20,105,356
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 33,949,474
b Net investment income (if negative, enter -0-) 52,054,104
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............. 299,054 328,669 328,669
2 Savings and temporary cash investments......... 2,379,696 1,840,102 1,840,102
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)....... 196,745,567 Click to see attachment247,789,852 288,516,817
c Investments—corporate bonds (attach schedule)....... 19,200,585 Click to see attachment16,778,376 27,325,721
11 Investments—land, buildings, and equipment: basis bullet87,874
Less: accumulated depreciation (attach schedule) bullet67,674 28,987 Click to see attachment20,200 20,200
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 187,184,232 Click to see attachment173,034,545 238,669,142
14 Land, buildings, and equipment: basis bullet210,595
Less: accumulated depreciation (attach schedule) bullet190,011 10,766 Click to see attachment20,584 20,584
15 Other assets (describe bullet) Click to see attachment31,514 Click to see attachment17,547 Click to see attachment17,547
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 405,880,401 439,829,875 556,738,782
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 371,865,596 371,865,596
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 34,014,805 67,964,279
29 Total net assets or fund balances (see instructions)..... 405,880,401 439,829,875
30 Total liabilities and net assets/fund balances (see instructions). 405,880,401 439,829,875
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
405,880,401
2
Enter amount from Part I, line 27a .....................
2
33,949,474
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
439,829,875
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
439,829,875
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 Publicly traded securities      
b Capital gain distributions P    
c Distributions in excess of basis P    
d From Sch K-1 (Form 1065) P    
e Alphakeys Distressed Opportunities Fund II LLC P 2011-11-11 2021-12-31
Endeavour Regional Bank Opportunities Fund II L.P. P 2011-11-11 2021-05-03
Garrison Point Opportunities I LP P 2011-11-11 2021-01-29
KASS Investors LLC P 2011-11-11 2021-07-07
KASS II Investors LLC P 2011-11-11 2021-07-09
Mackay Municipal US Infrastructure Fund LP P 2011-11-11 2021-07-28
(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 255,590,788   219,613,956 35,976,832
b 1,435,452     1,435,452
c 1,525,455     1,525,455
d     870,057 -870,057
e 167,364     167,364
81,078   81,078 0
713,844   1,063,250 -349,406
2,255,719   2,647,586 -391,867
610,407   632,985 -22,578
6,962,888   6,962,889 -1
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       35,976,832
b       1,435,452
c       1,525,455
d       -870,057
e       167,364
      0
      -349,406
      -391,867
      -22,578
      -1
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 37,471,194
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........................... 3 723,552
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- ..... 5 723,552
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 695,638
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 97,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 792,638
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 309
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 68,777
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet68,777 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
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
     
    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 addressbulletwww.terryfoundation.org
    14
    The books are in care ofbulletBlair Abernathy Telephone no.bullet (713) 552-0002

    Located atbullet3336 Richmond Ave Suite 450HoustonTX ZIP+4bullet77098
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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)
    Yes
     
    (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
     
    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
     
     
    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
    Rhett G Campbell CEO/Chairman
    40.00     		194,688 21,043 0
    3336 Richmond Ave 450
    Houston,TX77098
    Yvonne R Moody President/Executive Director
    40.00     		313,905 34,770 0
    3336 Richmond Ave 450
    Houston,TX77098
    Edward T Cotham Jr CIO/Director
    40.00     		220,000 47,552 0
    3336 Richmond Ave 450
    Houston,TX77098
    Brian G Yarbrough Vice Chair/Director
    0.80     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Blair Abernathy Treasurer/Financial Director
    40.00     		217,591 34,720 0
    3336 Richmond Ave 450
    Houston,TX77098
    Brian K Carroll Director
    0.50     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Scott A Grass Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Dr Elizabeth R Keeler Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    R Carter Overton III Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Kim B Pekar Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Bonnie C Southerland Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    Jeffrey C Stichler Director
    0.75     		0 0 0
    3336 Richmond Ave 450
    Houston,TX77098
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Josephine Koszegi Program Director
    40.00     		174,263 44,547 0
    3336 Richmond Ave 450
    Houston,TX77098
    Brandy Skillern Data Analyst
    40.00     		108,776 42,703 0
    3336 Richmond Ave 450
    Houston,TX77098
    Laura Sanders Office Manager
    40.00     		104,052 28,050 0
    3336 Richmond Ave 450
    Houston,TX77098
    Jamie Thyssen IT/Prog Analyst
    40.00     		98,899 27,761 0
    3336 Richmond Ave 450
    Houston,TX77098
    Amber Masso Dir Comm/Alumni
    40.00     		95,126 16,703 0
    3336 Richmond Ave 450
    Houston,TX77098
    Total number of other employees paid over $50,000...................bullet 3
    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
    Merrill Lynch Investment management 1,151,091
    800 Capitol St 20th Floor
    Houston,TX77002
    KELL Partners LLC Information technology 110,856
    5705 Sedgefield Drive
    Austin,TX78746
    Aldridge Information technology 69,654
    4543 Post Oak Place Drive Ste 200
    Houston,TX77027
    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 See Statement 14 20,119,690
    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
    296,476,453
    b
    Average of monthly cash balances.......................
    1b
    7,792,675
    c
    Fair market value of all other assets (see instructions)................
    1c
    234,307,998
    d
    Total (add lines 1a, b, and c).........................
    1d
    538,577,126
    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
    538,577,126
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    8,078,657
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    530,498,469
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    26,524,923
    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
    26,524,923
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    723,552
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    136,284
    c
    Add lines 2a and 2b............................
    2c
    859,836
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    25,665,087
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    25,665,087
    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
    25,665,087
    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 25,665,087
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 19,929,381
    b From 2017...... 16,312,818
    c From 2018...... 9,048,131
    d From 2019...... 7,134,975
    e From 2020...... 2,704,329
    f Total of lines 3a through e ........ 55,129,634
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 20,119,690
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 20,119,690
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 5,545,397 5,545,397
    (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 49,584,237
    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 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		14,383,984
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		35,200,253
    10 Analysis of line 9:
    a Excess from 2017.... 16,312,818
    b Excess from 2018.... 9,048,131
    c Excess from 2019.... 7,134,975
    d Excess from 2020.... 2,704,329
    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
    Sam Houston State University
    1964 Bobby K Marks Drive
    Huntsville,TX77340     		None I Scholarships for 29 students 665,300
    Texas AM University
    400 Bizzel St
    College Station,TX77843     		None I Scholarships for 123 students 2,884,750
    Texas AM University at Galveston
    200 Seawolf Pkwy
    Galveston,TX77554     		None I Scholarships for 30 students 857,950
    Texas State University
    601 University Dr
    San Marcos,TX78666     		None I Scholarships for 45 students 902,600
    Texas Tech University
    2500 Broadway
    Lubbock,TX79409     		None I Scholarships for 49 students 1,177,650
    Texas Woman's University
    6700 Fannin St
    Houston,TX77030     		None I Scholarships for 52 students 1,015,050
    The University of Houston
    4800 Calhoun Rd
    Houston,TX77004     		None I Scholarships for 52 students 1,320,500
    The University of North Texas
    1155 Union Cir
    Denton,TX76203     		None I Scholarships for 52 students 1,143,450
    The University of Texas
    The University of Texas
    Austin,TX78712     		None I Scholarships for 155 students 3,360,900
    The University of Texas at Arlingto
    701 S Nedderman Dr
    Arlington,TX76019     		None I Scholarships for 43 students 1,023,300
    The University of Texas at Dallas
    800 W Campbell Rd
    Richardson,TX75080     		None I Scholarships for 55 students 1,482,050
    The University of Texas at El Paso
    500 W University Ave
    El Paso,TX79968     		None I Scholarships for 47 students 832,350
    The University of Texas at San Anto
    1 UTSA Circle
    San Antonio,TX78249     		None I Scholarships for 47 students 960,250
    Total .................................bullet 3a 17,626,100
    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 2,079  
    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 ............     		525990 1,555,580 18 37,471,194  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aForeign dividends     		    14 1,782,211  
    bPassthrough Sch K-1 income 525990 -358,633 14 2,431,708  
    cRoyalty income     15 6,024  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 1,196,947 55,194,210 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    56,391,157
    (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)
     
    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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    The Terry Foundation
     
    Employer identification number

    31-1551093
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    The Terry Foundation
          		Employer identification number
    31-1551093
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Robert & Wendy Buckley
     
    8338 Roland Canyon
     
    Cypress, TX77433

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Yvonne R Moody
     
    4316 Holt St
     
    Bellaire, TX77401

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Ryan Harper
     
    95 Franklin St Apt 5A
     
    New York, NY100133471

    		$ 10,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    Howard L Terry Estate
     
    3336 Richmond Avenue Ste 450
     
    Houston, TX77098

    		$ 603,300


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    Nancy M Terry Estate
     
    3336 Richmond Avenue Ste 450
     
    Houston, TX77098

    		$ 518,689


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    Alexis Johnson
     
    134 Cherrytree Trail
     
    Forney, TX751258176

    		$ 5,000


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    The Terry Foundation
          		Employer identification number
    31-1551093
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    7
    Brian Yarbrough
     
    807 Brazos Street Suite 402
     
    Austin, TX78701

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    8
    Peter Zhang
     
    1750 W TARRANT RD APT J7
     
    Grand Prairie, TX750503137

    		$ 5,585


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    9
    Theo (Tommy) Thompson
     
    1935 Mulligan Drive
     
    Round Rock, TX786646120

    		$ 25,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    The Terry Foundation
          		Employer identification number

    31-1551093
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    4
    		 Partnership interest in Alphakeys Distressed Opportunities Fund II LLC $ 183,507  
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    The Terry Foundation
          		Employer identification number

    31-1551093
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting and tax compliance 30,640 11,320   15,320

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

    TY 2021 DepreciationSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    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
    Mineral interests 2011-11-11 87,874 58,887 SL 10.000000000000 8,787 8,787    
    Miscellaneous 2011-11-11 54,001 54,001 SL 7.000000000000 0 0    
    Furniture and fixtures (Older) 2011-11-11 58,886 58,886 SL 7.000000000000 0 0    
    Furniture and fixtures (2015) 2011-11-11 58,754 54,039 SL 7.000000000000 4,715 0    
    Furniture and fixtures (2016) 2011-11-11 3,523 2,924 SL 7.000000000000 503 0    
    Furniture and fixtures (2017) 2011-11-11 3,142 2,217 SL 7.000000000000 449 0    
    Furniture and fixtures (2021) 2021-06-23 9,915   SL 7.000000000000 826 0    
    Office equipment 2011-11-11 10,119 10,119 SL 5.000000000000 0 0    
    Improvements 2021-01-01 12,255   SL 7.000000000000 1,332 0    

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065)   Purchased     1,555,580   Cost 0 1,555,580  

    TY 2021 GeneralExplanationAttachment
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Identifier Return Reference Explanation
    Direct Charitable Activities Form 990-PF, Part VIII-A, Line 1 The Terry Foundation funds scholarships for incoming freshmen who have graduated from a Texas high school and will attend one of 13 Texas public universities. In order to select students with the greatest potential for success, the Foundation's selection committees focus on candidates with a demonstrated history of involvement in activities, outstanding scholastic achievement and a well-rounded personality marked by a desire to succeed. The Terry Foundation program does not consist merely of issuing checks once a semester; it is a sense of family and community. Scholars are expected to participate in student organizations and to be involved on campus.The Terry Foundation presents Terry Scholar alumni a number of ways to give back to the Foundation through their time and resources to ensure a strong Terry family.The Terry Scholar Alumni Association (TSAA) exists to create opportunities for Alumni and current Terry Scholars to give back to the Terry Foundation and to the state of Texas through relationship-building, mentorship, and personal and professional development. TSAA Chapters promote the advancement of scholarship, the development of leadership, the dedication to service, and the cultivation of a Terry community in their respective areas.The Terry Scholar Alumni Advisory Board (TSAAB) is comprised of Terry Scholar Alumni who have distinguished themselves in their service to the Foundation and to their fellow Terry Scholars. These individuals represent the Foundation at Terry functions, such as banquets and picnics, and participate in discussions about strengthening and supporting the Terry Community.Terry Connect helps current students and alumni utilize this exclusive Terry network to connect with old friends, share job and internship opportunities, meet others in their profession, and more.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Name of Bond End of Year Book Value End of Year Fair Market Value
    5,200,000 Ace Securities ABS 2004 FM2 M2 06/25/34 61,672 113,166
    2,700,000 Ace Securities ABS 2004 OP1 M5 04/25/34 477,950 636,386
    2,800,000 Ameriquest Mtg ABS 2004 R8 M5 09/25/34 312,440 752,059
    8,000,000 Asset Backed SE ABS 2004 HE9 M2 12/25/34 0 533,075
    3,694,000 Bear Stearns AD CMO 2004 12 M1 02/25/35 246,153 473,932
    1,450,000 Bear Stearns AS ABS 2005 CL1 M1 09/25/34 998,750 1,323,932
    11,750,000 Bear Sterns ABS CMO 2004 AC6 M2 11/25/34 84,991 0
    500,000 Centex Home Equ ABS 2005 B M4 03/25/35 560,795 906,727
    7,000,000 Citigroup Inc 0% 8/28/24 2,000,000 3,272,000
    33,500,000 Credit Suisse AG London 0% 5/30/25 775,000 906,750
    4,411,000 Deutsche Bank AG London 0% 11/30/23 500,000 859,025
    925,000 Deutsche Bank AG London 0% 2/28/25 1,500,000 1,855,500
    1,000,000 Deutsche Bank AG London 0% 7/31/23 300,000 601,200
    2,796,333 Finance America ABS 2004 3 M3 11/25/34 141,716 195,507
    875,000 Finance America ABS 2004 3 M4 11/25/34 0 203,791
    594,044 First Horizon CMO 2004 AA6 A2 01/25/35 0 63,819
    1,906,000 Fremont Home Lo ABS 2004 B M4 05/25/34 0 212,077
    1,000,000 Fremont Home Lo ABS 2004 C M3 08/25/34 0 94,707
    1,250,000 Fremont Home Lo ABS 2005 C M4 07/25/35 425,320 1,312,059
    1,000,000 GSAMP Trust ABS 2004 Opt M3 11/25/34 127,472 303,864
    1,065,000 GSAMP Trust ABS 2006 HE6 A3 08/25/36 39,197 89,096
    750,000 GSAMP Trust ABS 2006 HE6 A3 08/25/36 161,244 348,333
    750,000 GSAMP Trust ABS 2007 H1 A1B 01/25/47 180,061 309,043
    GSAMP Trust ABS 2007 NC1 A2B 12/25/46 285,969 339,040
    580,000 Harborview Mtg CMO 2005 2 X 05/19/35 78,814 57,882
    785,000 IndyMac Idx M CMO 2004 AR8 2A2B 11/25/34 37,058 29,568
    4,859,000 IndyMac Residen ABS 2005 A M7 03/25/35 273,688 536,500
    1,030,000 Lehman Bros Hldgs Med-Term 02/09/17 267,442 0
    950,000 Lehman Bros Hldgs Med-Term 11/1/14 607,464 1,000
    30,000 Mastr Asset Bac ABS 2006 AM2 A3 06/25/36 113,953 208,362
    3,400,000 Morgan Stanley ABS 2005 HE1 B3 12/25/34 181,728 254,892
    737,535 Morgan Stanley ABS 2006 HE7 A2C 09/25/36 117,815 361,792
    8,000,000 Morgan Stanley ABS 2007 HE6 A2 05/25/37 216,271 318,352
    1,372,000 Nomura Home Equ ABS 2005 HE1 M6 09/25/35 289,546 880,354
    6,500,000 Novastar Home E ABS 2006 4 A2C 09/25/36 208,597 312,017
    1,375,000 Novastar Home E ABS 2006 6 A2B 01/25/37 126,986 158,233
    800,000 Park Place Sec ABS 2005 WCH1 M6 01/25/35 280,147 792,303
    1,810,000 Park Place Sec ABS 2005 WHQ2 M5 05/25/35 243,750 736,362
    6,450,000 Popular ABS Mor ABS 2005 3 M2 07/25/35 547,428 982,768
    50,000 Ramp Ser 200 ABS 2005 EFC1 M6 05/25/35 468,000 793,453
    1,250,000 Renaissance Hom ABS 2002 4B 03/25/33 0 20,882
    2,475,000 Renaissance Hom ABS 2004 2 M3 07/25/34 472,064 893,015
    Residentl Mtg ABS 2003 RS7 MII3 08/25/33 352,913 541,552
    77,500 Saxon Asset Sec ABS 1999 5 BF 08/25/28 843,643 939,231
    80,000 Saxon Asset Sec ABS 2004 2 MF4 08/25/35 463,617 638,247
    7,050,000 Soundview Home ABS 2005 CTX1 M6 11/25/35 342,442 670,828
    1,700,000 Struc Asset CMO 2003 AL1 B2 3.4% 4/25/31 435,999 95,960
    100,000 Struct Mtg Inv CMO 2006 AR5 4A1 05/25/46 175,614 262,272
    150,000 Structured Asse ABS 2005 HE1 M3 07/25/35 169,303 468,805
    200,000 Structured Asse ABS 2005 WF1 M3 02/25/35 285,364 666,003

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Name of Stock End of Year Book Value End of Year Fair Market Value
    2,308 Abbott Laboratories 194,012 324,828
    79 Accenture PLC 18,239 32,749
    2,769 Advance Auto Parts, Inc. 609,928 664,228
    764 Adyen NV 15,136 20,108
    25,623 AES Corp 646,257 622,639
    302 Alcon AG 18,836 26,310
    555 Alphabet Inc Class A 865,036 1,607,858
    453,206 AlphaCentric Income Opportunities Fund Class I 4,759,069 5,515,517
    300 Amadeus It Group SA 18,808 20,316
    300 Amazon.com, Inc. 661,625 1,000,302
    735 American Auto Guardian 30,247 29,639
    394 Aneka Tambang Tbk PT 107,503 182,635
    61 Aon PLC 12,938 18,334
    7,132 Apple Inc 517,590 1,266,429
    4,000 Arbor Realty Trust Inc 100,000 101,400
    3,733 Arthur J. Gallagher & Co. 610,532 633,378
    57 ASML Holding NV 24,129 45,380
    27,179 AT&T Inc. 682,185 668,603
    383 Atlas Copco 18,448 26,546
    52 Atlassian Corp 20,130 19,827
    5,909 Best Buy Co Inc 621,922 600,354
    413 BlackRock Inc 189,556 378,126
    21,870 BlackRock Innovation & Growth Trust 346,683 317,986
    14,104 BorgWarner Inc. 654,788 635,667
    10,995 Bristol-Myers Squibb Co 706,438 685,538
    424 Canadian Pacific Railway Ltd 27,550 30,503
    1,748 Capital One Financial Corp. 200,735 253,617
    5,296 Carrier Global Corp 240,453 287,255
    4,057 Celanese Corporation 668,925 681,819
    6,475 CH Robinson Worldwide Inc 621,600 696,904
    1,927 Chevron Corporation 153,783 226,133
    5,126 Cisco Systems Inc 249,603 324,835
    5,265 Citigroup Inc 302,428 317,953
    7,675 Citrix Systems Ord Shs 604,790 725,978
    125,000 Clearbridge MLP and Midstream Fund Inc 3,429,138 3,363,750
    62,820 Communication Services Select Sector SPDR Fund 4,242,818 4,879,858
    13,601 ConocoPhillips 943,231 981,721
    25,389 Consumer Discretionary Select Sector SPDR Fund 3,937,339 5,190,527
    832 Costco Wholesale Corporation 303,367 472,326
    280 CSL Ltd 30,092 29,624
    3,687 Danaher Corporation 861,038 1,213,060
    1,500,000 Deutsche Bank AG London Pfd 1,000,000 1,650,000
    2,605,000 Deutsche Bk Ser Pfd Stk 800,000 1,295,200
    38,949 Diamond Hill Large Cap Fund Class I 1,381,079 1,390,094
    347,109 DoubleLine Shiller Enhanced CAPE Class I 5,429,136 6,178,544
    92,341 DoubleLine Shiller Enhanced International CAPE Class I 980,084 1,285,391
    1,028,369 DoubleLine Total Return Bond Fund Class I 10,940,263 10,695,039
    5,000 DoubleLine Yield Opportunities Fund 101,569 93,500
    323 DSV A/S 28,212 37,914
    6,253 Duke Energy Corp 639,977 655,940
    2,425 Eli Lilly And Co 495,666 669,833
    19,659 Energy Select Sector SPDR Fund 965,705 1,091,074
    2,551 Enphase Energy Inc 604,587 466,680
    40 EPAM Systems Inc 18,491 26,738
    3,487 Equity Residential 271,762 315,573
    104 Evolution AB 19,683 14,868
    11,535 Exelon Corp 623,884 666,262
    940 Expedia Group Inc 157,300 169,877
    762 Experian PLC 30,257 37,574
    10,105 Exxon Mobil Corp 652,530 618,325
    105 Ferrari NV 20,447 27,176
    2,969 Fidelity 500 Index Inst 348,449 490,849
    64,839 Financial Select Sector SPDR Fund 2,043,341 2,531,963
    32,035 First Trust Cloud Computing ETF 2,977,164 3,341,571
    14,693 First Trust Dow Jones Internet Index Fund 3,053,082 3,322,528
    6,032 FMC Corp 608,267 662,856
    9,987 Ford Motor Company 131,673 207,430
    6,135 Fortune Brands Home & Security Inc 619,774 655,831
    5,660 Garmin Ltd. 838,649 770,722
    24,855 Global X US Infras Developments UCITS ETF USD Acc 661,701 715,575
    30,938 Health Care Select Sector SPDR Fund 3,475,492 4,358,855
    41,554 Hewlett Packard Enterprise Co 625,807 655,307
    1,185 Hilton Hotels Corporation Common Stock 109,921 184,848
    2,494 Home Depot Inc 812,700 1,035,035
    1,991 Honeywell International Inc 294,472 415,143
    14,474 Hormel Foods Corp 622,382 706,476
    1,447 Humana Inc 604,296 671,205
    97 ICON PLC 21,798 30,041
    12,546 Intel Corporation 622,756 646,119
    1,615 International Paper Co 96,320 75,873
    18,276 Interpublic Group of Companies Inc 667,427 684,436
    11,695 iShares Biotechnology ETF 1,761,154 1,784,891
    121,017 iShares MSCI Emerging Markets ex China ETF 7,413,269 7,337,261
    260,088 iShares MSCI Eurozone ETF 10,540,355 12,746,913
    255,335 iShares MSCI Pacific ex Japan ETF 11,346,529 12,194,800
    40,799 Ishares Msci Sweden Etf 1,713,608 1,890,218
    66,534 Ishares Msci Switzerland ETF 2,744,390 3,508,338
    362,171 iShares MSCI United Kingdom ETF 10,401,020 12,002,347
    8,495 iShares US Regional Banks ETF 492,483 524,651
    12,670 JPM Emerging Markets Equity Fund Cl I 516,912 478,681
    2,853 JPMorgan Chase & Co 331,632 451,773
    995,392 Kayne Anderson Energy Infrstctr Fund Inc 5,183,831 7,754,102
    1,457 L3Harris Technologies Inc 320,355 310,691
    582 Lasertec Corp 20,884 35,659
    59 Li Ning Co Ltd 17,560 16,003
    315 Lonza Group AG 20,208 26,303
    1,253,571 Lord Abbett Inflation Focused Fund Class F 14,367,509 15,719,779
    65 Lululemon Athletica Inc 22,044 25,444
    174 LVMH Moet Hennessy 17,696 28,797
    9,920 Marathon Petroleum Corp 660,342 634,781
    7,537 Marvell Technology Inc 353,303 659,412
    9,201 Masco Corp 615,547 646,094
    1,945 Meta Platforms Inc 551,287 654,201
    17 Mettler-Toledo International Inc 17,771 28,853
    3,232 Microchip Technology Inc 137,368 281,378
    4,127 Microsoft Corp 569,089 1,387,993
    7,274 Monster Beverage Corp 621,927 698,595
    65,000 Morgan Stanley Ser 0003 Zero% 4/30/25 650,000 1,772,446
    173 Nestle SA 20,302 24,284
    978 Netflix Inc 663,878 589,186
    10,869 NextEra Energy Inc 796,013 1,014,730
    161 Novo Nordisk A/S 17,098 18,032
    16,972 NRG Energy Inc 633,618 731,154
    14,190 Pacer Data & Infrastructure Real Estate ETF 575,229 614,143
    1,157 Parker-Hannifin Corp 325,447 368,065
    389 Pernod Ricard SA 13,466 18,859
    934,063 PGIM Short-Term Corporate Bond Fund- Class Z 10,609,888 10,424,142
    3,937 PPG Industries, Inc. 624,451 678,896
    2,656 Prologis Inc 215,862 447,164
    10,680 ProShares Online Retail ETF 827,374 605,770
    11,500 Real Estate Select Sector SPDR Fund 568,518 595,815
    126 ResMed Inc. 23,291 32,820
    200,000 RLV Lirn Issuer CS Part 128% SV 1,326.478 11/28/25 2,000,000 2,346,600
    50,000 S&P500 Clirns Issuer BNS Cap 51.38% Sv 2,926.17 Due 04/26/24 Buf 20% 500,000 638,000
    260,000 S&P500 Step-up Issuer CS Step 24.50% Sv 2,381.73 05/27/22 Buf 10% 2,600,000 5,106,920
    40,000 S&P500 Step-up Issuer HSBC Step 22.90% Sv 2,419.70 06/24/22 Buf 10% 400,000 771,600
    197,500 Schwab US Mid-Cap ETF 15,211,648 15,884,925
    823 Shenzhen Expressway Ord Shs H 17,742 15,802
    690 Shenzhen International Holdings Limited 17,957 28,676
    1,240 Sherwin-Williams Co 356,619 436,678
    19 Shopify Inc 20,970 26,170
    5,000 SPDR S&P Transportation ETF 469,424 471,800
    5,662 Starbucks Corporation 627,162 662,284
    94 Steris PLC 17,671 22,881
    319 Taiwan Semiconductor Mfg. Co. Ltd. 28,744 38,379
    51,759 TCW Emerging Markets Income Fund Class Institutional 472,473 425,975
    1,463 Teledyne Technologies Incorporated 612,451 639,170
    3,151 Texas Instruments Incorporated 588,189 593,869
    456 Thermo Fisher Scientific Inc. 131,816 304,261
    15,200 Thornburg Income Builder Opprtnts Trust 300,136 283,632
    5,662 T-Mobile US Inc 679,935 656,679
    3,269 Trane Technologies PLC 615,062 660,436
    4,808 Truist Financial Corp 245,242 281,508
    1,098 Union Pacific Corporation 173,215 276,619
    173,900 VanEck MSCI International Value ETF 14,406,396 19,036,833
    8,565 Vanguard Consumer Staples Index Fund ETF 1,456,945 1,711,972
    25,220 Vanguard FTSE All-World ex-US Small-Cap Index ETF 2,461,387 3,378,471
    14,110 Vanguard Industrials Index Fund ETF 2,524,937 2,863,766
    19,820 Vanguard Information Technology Index Fund ETF 6,857,715 9,080,929
    8,228 Vanguard Materials Index Fund ETF 1,381,631 1,619,929
    70,365 Vanguard Small-Cap Index Fund ETF 12,688,633 15,903,194
    2,947 Vertex Pharmaceuticals Incorporated 609,879 647,161
    3,309,853 Virtus Newfleet Multi-Sector Short Term Bond Fund Class I 15,565,953 15,622,504
    2,013 Visa Inc 260,414 436,237
    2,488 Walmart Inc 296,635 359,989
    2,384 Walt Disney Co 338,131 369,258
    46,160 WCM Focused International Growth Fund Institutional Class 989,119 1,277,717
    683 WuXi Biologics 18,056 16,010
    4,867 Zoetis Inc 862,029 1,187,694

    TY 2021 InvestmentsLandSchedule2
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Mineral interests 87,874 67,674 20,200 20,200

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AG Mortgage Value Participation Fund Ltd. AT COST 4,118,557 4,304,097
    Alphakeys Distressed Opportunities Fund II LLC AT COST 0 12,908
    AMCI Poseidon Fund, LP AT COST 0 240,700
    Apollo European Credit Fund, L.P. AT COST 552,147 91,153
    AQR Delphi Long-Short Equity Offshore Fund, L.P. AT COST 2,485,000 2,701,983
    BDCM Offshore Opportunity Fund IV AIV, LP AT COST 159,317 159,317
    BDCM Offshore Opportunity Fund IV AIV, Ltd. AT COST 330,706 330,707
    BDCM Offshore Opportunity Fund IV, Ltd. AT COST 2,072,249 3,090,027
    BDCM Offshore Opportunity Fund V, Ltd. AT COST 378,984 482,376
    Black Diamond CLO 2014-1, Ltd. AT COST 592,791 592,791
    Black Diamond Credit Strategies Offshore, Ltd. AT COST 2,597,706 4,547,862
    Blackstone Alternatives Solution 2015 Trust (Tax Exempt) AT COST 4,525,046 5,451,778
    Blackstone Alternatives Solution IV Fund (Offshore), L.P. AT COST 25,350,000 32,315,979
    Blackstone Alternatives Solution VI Fund (Offshore) L.P. AT COST 1,825,000 2,385,061
    Campus-Clarion Student Housing Partners, LP AT COST 1,992,672 3,980,287
    Capital Royalty Partners II - Parallel Fund (A) Holdings L.P. AT COST 240,114 29,631
    CQS ABS Feeder Fund Ltd AT COST 4,167,763 4,042,746
    CRG Partners III (Cayman) Holdings L.P. AT COST 3,240,652 2,967,965
    CRG Partners IV - Cayman Levered (Holdings) L.P. AT COST 609,030 635,331
    GSO Energy Private Investors Offshore, L.P. AT COST 373,488 533,811
    Hawk Ridge Partners Offshore Ltd. AT COST 3,360,000 4,362,455
    Irradiant CLO Partners Fund I, LP AT COST 1,584,635 1,572,470
    Irradiant CLO Partners Fund II, LP AT COST 1,047,842 1,267,022
    Kayne Anderson Core Real Estate, LP AT COST 14,263,830 16,733,248
    Kayne Anderson Real Estate Debt Fund IV, L.P. AT COST 732,248 730,818
    Kayne Anderson Real Estate Debt II, L.P. AT COST 3,517,283 3,594,302
    Kayne Anderson Real Estate Debt III, L.P. AT COST 1,311,554 1,307,268
    Kayne Anderson Real Estate Debt, L.P. AT COST 818,568 730,538
    Kayne Anderson Real Estate Partners III, L.P. AT COST 599,385 272,015
    Kayne Anderson Real Estate Partners IV, L.P. AT COST 12,632,193 12,520,525
    Kayne Anderson Real Estate Partners V, L.P. AT COST 15,295,343 18,036,534
    Kayne Anderson Real Estate Partners VI, L.P. AT COST 1,506,072 1,268,309
    Kayne Anderson Renewable Infrastructure Partners, L.P. AT COST 5,100,627 6,023,448
    Kayne Credit Opportunities Fund (QP), L.P. AT COST 437,271 1,502,979
    Kayne NewRoad Ventures Fund II, L.P. AT COST 1,007,595 1,438,013
    Kayne Partners Fund III (QP), L.P. AT COST 923,753 621,485
    Kayne Partners Fund IV (QP), L.P. AT COST 921,888 1,226,153
    Kayne Senior Credit II Offshore Fund, L.P. AT COST 890,187 836,436
    Kayne Senior Credit III Offshore Fund, L.P. AT COST 1,525,932 1,500,751
    KKR Custom Equity Opportunities Cayman Fund L.P. AT COST 1,900,861 4,278,004
    MIG Offshore Fund, Ltd. AT COST 2,936,000 2,891,224
    Millennium Access Fund, Ltd. AT COST 962,500 963,944
    NewRoad Fund III, L.P. AT COST 1,422,250 2,732,667
    Oaktree Mezzanine Fund III, L.P. Class A AT COST 4,904 2,322
    Oaktree Mezzanine Fund III, L.P. Class B AT COST 177,783 85,054
    Oaktree Real Estate Debt Fund II Feeder (Cayman), L.P. AT COST 424,217 365,999
    Oaktree Real Estate Debt Fund, L.P. AT COST 16,731 2,199
    Oaktree Real Estate Opportunities Fund V, L.P. AT COST 307,061 148,717
    Oaktree Real Estate Opportunities Fund VI (Cayman), L.P. AT COST 995,488 654,735
    Oaktree Real Estate Opportunities Fund VII (Feeder), L.P. AT COST 1,404,292 1,507,605
    Parallel Investment Opportunities Partners II LP AT COST 0 41,874
    Portfolio Advisors Private Equity Fund 2012 (Offshore), L.P. AT COST 0 5,887,339
    Sculptor Access, Ltd. AT COST 4,629,000 4,583,782
    Summit Partners Concentrated Growth LS/QP Fund Ltd AT COST 3,303,000 4,807,198
    TCW Residential Capital Structure Arbitrage (Cayman) Fund, LP AT COST 749,427 799,502
    Third Point Offshore Fund, Ltd. AT COST 3,000,000 3,000,000
    Tiger Global PIP XV Private Investors Offshore, L.P. AT COST 330,000 387,099
    UIRC-GSA International, LLC (19-A7%) AT COST 836,748 1,045,000
    UIRC-GSA International, LLC (2021-B AI7.5%) AT COST 1,000,000 1,000,000
    Vista Credit Opportunities Fund II-A, LP AT COST 196,473 225,473
    Vista Equity Partners Fund VI-A, L.P. AT COST 673,522 1,007,807
    Z Capital Credit Partners CLO 20151 Ltd. AT COST 489,614 130,600
    Z Capital Credit Tactical Fund LP AT COST 2,065,595 2,094,981
    Z Capital Loan Opportunity Offshore Fund Ltd. AT COST 630,441 157,834
    Z Capital Partners I LP AT COST 10,901,001 31,876,666
    Z Capital Partners II-A LP AT COST 6,868,598 17,619,254
    Z Capital Partners III-A LP AT COST 3,721,611 5,930,984

    TY 2021 LandEtcSchedule2
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 54,001 54,001 0 0
    Furniture and fixtures (Older) 58,886 58,886 0 0
    Furniture and fixtures (2015) 58,754 58,754 0 0
    Furniture and fixtures (2016) 3,523 3,427 96 96
    Furniture and fixtures (2017) 3,142 2,666 476 476
    Furniture and fixtures (2021) 9,915 826 9,089 9,089
    Office equipment 10,119 10,119 0 0
    Improvements 12,255 1,332 10,923 10,923


    TY 2021 LegalFeesSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance and counsel 42,641 21,320   21,321


    TY 2021 OtherAssetsSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Deposits 31,514 17,547 17,547


    TY 2021 OtherExpensesSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Scholar/Alumni program expenses 143,445 0   143,445
    Bank service charges 1,731 0   1,731
    Dues and subscriptions 65,404 52,866   12,538
    Insurance 7,198 1,350   5,848
    Office and kitchen supplies 28,739 5,390   23,349
    Telephone and internet expenses 31,458 5,899   25,559
    Repairs and maintenance 1,077 0   1,077
    Website and social media expenses 2,936 0   2,936
    Yearbook expenses 7,592 0   7,592
    Passthrough Sch K-1 expenses 1,308,592 1,306,990   0


    TY 2021 OtherIncomeSchedule2
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Foreign dividends 1,782,211 1,782,211 1,782,211
    Passthrough Sch K-1 income 2,073,075 2,422,647 2,073,075
    Royalty income 6,024 6,024 6,024


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment management fees 1,208,575 1,208,575   0
    Administrative services 34,062 0   34,062
    Terry Connect support fees 11,120 0   11,120
    Information technology fees 244,672 45,883   198,789


    TY 2021 TaxesSchedule
    Name:
    The Terry Foundation
    EIN:
    31-1551093
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 593,739 0   0
    Foreign tax 1,052 1,052   0
    Property and production tax 322 322   0