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
WALTER SCOTT FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10340 N 84TH STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA, NE681222216
A Employer identification number

47-1116371
B Telephone number (see instructions)

(402) 341-6000
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$1,821,511,695J 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) 193,269,561
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 11,530,934 11,530,934  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,931,703
b Gross sales price for all assets on line 6a 347,750,468
7 Capital gain net income (from Part IV, line 2)... 3,931,703
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 13,019,105 3,233,287  
12 Total. Add lines 1 through 11........ 221,751,303 18,695,924  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 1,327,987 1,077,987   250,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 280,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,607,987 1,077,987   250,000
25 Contributions, gifts, grants paid....... 17,691,293 17,691,293
26 Total expenses and disbursements. Add lines 24 and 25 19,299,280 1,077,987   17,941,293
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 202,452,023
b Net investment income (if negative, enter -0-) 17,617,937
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......... 93,658,467 70,270,599 70,270,599
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) bullet100,000,450
Less: allowance for doubtful accounts bullet0 100,000,450 100,000,450 100,000,450
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)....... 132,286,298 Click to see attachment132,286,298 1,151,768,840
c Investments—corporate bonds (attach schedule)....... 198,707,326 Click to see attachment385,422,755 388,801,301
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 71,898,934 Click to see attachment109,172,740 108,819,849
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment1,850,656 Click to see attachment1,850,656
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 596,551,475 799,003,498 1,821,511,695
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 596,551,475 799,003,498
29 Total net assets or fund balances (see instructions)..... 596,551,475 799,003,498
30 Total liabilities and net assets/fund balances (see instructions). 596,551,475 799,003,498
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
596,551,475
2
Enter amount from Part I, line 27a .....................
2
202,452,023
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
799,003,498
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
799,003,498
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 FIRST AMERICAN RETAIL PRIME OBLIG FD CL Z P    
b FIRST AMERICAN RETAIL PRIMEOBLIG FD CL Z P    
c FIRST AMERICAN RETAIL PRIMEOBLIG FD CL Z P    
d INVESCO GOVERNMENT & AGENCY P    
e INVESCO GOVERNMENT & AGENCY P    
AMC NETWORKS INC 5.000 04/01/2024 P    
BOOKING HOLDINGS INC 3.600 06/01/2026 P    
CARRIER GLOBAL CORPORATION 2.493 02/15/2027 P    
CDK GLOBAL INC 5.875 06/15/2026 P    
CENTURYLINK INC 6.450 06/15/2021 P    
COACH INC 4.250 04/01/2025 P    
DOLLAR TREE INC 3.700 05/15/2023 P    
HP INC 3.000 06/17/2027 P    
IHS MARKIT LTD 4.750 08/01/2028 P    
KLA TENCOR CORP 4.650 11/01/2024 P    
KOHLS CORPORATION 3.250 02/01/2023 P    
KOHLS CORPORATION 4.250 07/17/2025 P    
KOHLS CORPORATION 9.500 05/15/2025 P    
KRAFT HEINZ FOODS CO 3.950 07/15/2025 P    
MASCO CORP 4.375 04/01/2026 P    
MASCO CORP 4.450 04/01/2025 P    
MICROCHIP TECHNOLOGY INC 4.333 06/01/2023 P    
MICROCHIP TECHNOLOGY INC SER 144A 2.670 09/01/2023 P    
MOTOROLA SOLUTIONSINC 3.500 03/01/2023 P    
OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024 P    
QVC INC 4.850 04/01/2024 P    
SBA COMMUNICATIONS CORP 4.875 09/01/2024 P    
STEEL DYNAMICS INC SR NT 2.400 06/15/2025 P    
TEMPUR SEALY INTL INC 5.500 06/15/2026 P    
TEMPUR SEALY INTL INC 5.625 10/15/2023 P    
TRINITY ACQUISITION PLC 3.500 09/15/2021 P    
VALVOLINE INC 4.375 08/15/2025 P    
VERISK ANALYTICS INC 4.000 06/15/2025 P    
WESCO DISTRIBUTION INC 5.375 12/15/2021 P    
WESCO DISTRIBUTIONS INC5.375 06/15/2024 P    
WESTERN DIGITAL CORP 4.750 02/15/2026 P    
ZIMMER HOLDINGS INC 3.550 04/01/2025 P    
ALTRIA GROUP INC 2.850 08/09/2022 P    
AMC NETWORKS INC 5.000 04/01/2024 P    
AMERICAN TOWER CORP 4.700 03/15/2022 P    
BECTON DICKINSON AND CO 2.894 06/06/2022 P    
CA INC 4.500 08/15/2023 P    
CARRIER GLOBAL CORPORATION 1.923 02/15/2023 P    
COACH INC 3.000 07/15/2022 P    
COACH INC 4.250 04/01/2025 P    
CROWN AMER CAP CORP IV 4.500 01/15/2023 P    
DOLLAR TREE INC 3.700 05/15/2023 P    
HEALTHSOUTH CORP 5.125 03/15/2023 P    
IHS MARKIT LTD 4.125 08/01/2023 P    
KOHLS CORPORATION 9.500 05/15/2025 P    
KRAFT HEINZ FOODS CO 4.000 06/15/2023 P    
LAB CORP OF AMER HLDGS 3.750 08/23/2022 P    
MASCO CORP 5.950 03/15/2022 P    
MICROCHIP TECHNOLOGY INC 4.333 06/01/2023 P    
OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024 P    
SBA COMMUNICATIONS CORP 4.875 09/01/2024 P    
TEMPUR SEALY INTL INC 5.500 06/15/2026 P    
TEMPUR SEALY INTL INC 5.625 10/15/2023 P    
TRINITY ACQUISITION PLC 3.500 09/15/2021 P    
UNITED RENTALS NORTH AM 5.875 09/15/2026 P    
VALVOLINE INC 4.375 08/15/2025 P    
VERISK ANALYTICS INC 5.800 05/01/2021 P    
BALL CORP SR NT 5.00% DUE 03/15/2022 P    
CARRIER GLOBAL CORPORATION GLBL NT 2.493% DUE 02/15/2027 P    
COACH INC SR GLBL NT 4.25% DUE 04/01/2025 P    
DOLLAR TREE INC SR GLBL 3.70% DUE 05/15/2023 P    
IHS MARKIT LTD SR GLBL NT 4.75% DUE 08/01/2028 P    
SBA COMMUNICATIONS CORP SR NT 4.875% DUE 09/01/2024 P    
ZIMMER BIOMET HLDGS INC SR GLBL NT 3.55% DUE 04/01/2025 P    
AMERICAN TOWER CORP NEW SR GLBL 4.70% DUE 03/15/2022 P    
COACH INC CR SEN SR GLBL STEP CPN DUE 07/15/2022 P    
COACH INC SR GLBL NT 4.25% DTD 03/02/2015 DUE 04/01/2025 P    
IHS MARKIT LTD SR GLBL NT 4.75% DTD 07/23/2018 DUE 08/01/2028 P    
SBA COMMUNICATIONS CORP SR NT 4.875% DTD 03/01/2017 DUE 09/01/2024 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 60,380,622   60,380,622 0
b 56,680,846   56,680,846 0
c 60,016,462   60,016,462 0
d 15,369,042   15,369,042 0
e 14,172,501   14,172,501 0
186,550   163,800 22,750
3,232,761   3,163,539 69,222
1,115,533   1,130,894 -15,361
3,005,313   3,000,627 4,686
3,129,000   3,129,000 0
3,715,776   2,869,263 846,513
1,179,447   1,157,198 22,249
967,284   980,309 -13,025
3,140,332   3,073,479 66,853
2,639,968   2,499,233 140,735
1,322,628   1,269,287 53,341
1,083,360   1,005,353 78,007
442,021   349,348 92,673
3,387,370   3,051,455 335,915
1,574,817   1,575,736 -919
1,187,276   1,158,716 28,560
2,384,851   2,289,509 95,342
832,632   818,519 14,113
591,561   591,561 0
3,056,403   2,961,814 94,589
707,688   660,302 47,386
3,159,045   3,198,690 -39,645
479,798   487,703 -7,905
2,475,248   2,475,248 0
1,268,589   1,262,320 6,269
2,725,000   2,725,000 0
3,419,634   3,417,611 2,023
2,723,834   2,519,259 204,575
1,831,000   1,831,000 0
1,593,497   1,564,409 29,088
460,200   417,422 42,778
1,010,559   930,474 80,085
2,972,903   2,959,374 13,529
1,787,600   1,769,349 18,251
2,394,654   2,393,850 804
2,296,733   2,289,017 7,716
3,083,724   2,962,857 120,867
961,872   957,704 4,168
3,068,997   3,018,690 50,307
3,101,932   3,081,374 20,558
2,685,176   2,658,892 26,284
2,396,468   2,389,302 7,166
736,000   736,811 -811
2,888,560   2,900,236 -11,676
2,494,015   2,303,050 190,965
2,922,272   2,903,862 18,410
2,672,466   2,568,000 104,466
1,599,709   1,599,680 29
2,936,340   2,901,782 34,558
2,918,118   2,918,118 0
2,891,827   2,909,710 -17,883
2,447,505   2,447,505 0
1,614,384   1,614,307 77
1,421,000   1,421,000 0
426,163   426,163 0
2,939,377   2,927,650 11,727
2,864,000   2,864,000 0
966,055   950,000 16,055
1,735,617   1,798,209 -62,592
2,833,926   2,225,560 608,366
1,035,408   1,015,810 19,598
2,001,022   1,950,319 50,703
2,438,986   2,374,406 64,580
782,888   738,836 44,052
619,517   609,000 10,517
2,090,249   2,005,461 84,788
2,758,654   2,692,369 66,285
2,658,005   2,599,492 58,513
2,659,898   2,589,469 70,429
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       0
b       0
c       0
d       0
e       0
      22,750
      69,222
      -15,361
      4,686
      0
      846,513
      22,249
      -13,025
      66,853
      140,735
      53,341
      78,007
      92,673
      335,915
      -919
      28,560
      95,342
      14,113
      0
      94,589
      47,386
      -39,645
      -7,905
      0
      6,269
      0
      2,023
      204,575
      0
      29,088
      42,778
      80,085
      13,529
      18,251
      804
      7,716
      120,867
      4,168
      50,307
      20,558
      26,284
      7,166
      -811
      -11,676
      190,965
      18,410
      104,466
      29
      34,558
      0
      -17,883
      0
      77
      0
      0
      11,727
      0
      16,055
      -62,592
      608,366
      19,598
      50,703
      64,580
      44,052
      10,517
      84,788
      66,285
      58,513
      70,429
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 3,931,703
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........................... 3 244,889
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- ..... 5 244,889
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 444,097
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 444,097
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 1,928
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 10 197,280
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet197,280 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)
    bulletNE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletCHRISTI ANNIN Telephone no.bullet (402) 502-1122

    Located atbullet10340 NORTH 84TH STREETOMAHANE ZIP+4bullet681222216
    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)
     
    No
    (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
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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
    MOGENS BAY TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    GREG ABEL TRUSTEE (CHAIRMAN AS OF 11.11.2021)
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    MIKE FAUST TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    CALVIN SISSON PRESIDENT & CEO
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    RICH EAKIN VICE PRESIDENT
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    CHRISTI ANNIN DIRECTOR OF FINANCE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    KAREN DIXON TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    SANDRA PARKER TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    AMY SCOTT TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    W DAVID SCOTT TRUSTEE
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    WALTER SCOTT JR TRUSTEE (CHAIRMAN THROUGH 09.25.21)
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    SUSAN MORRIS TRUSTEE (THROUGH 11.11.2021)
    1.00     		0 0 0
    10340 NORTH 84TH STREET
    OMAHA,NE681222216
    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
    DOLAN MCENIRY INVESTMENT 751,021
    120 N LASALLE ST 1510
    CHICAGO,IL60602
    SUZANNE & WALTER SCOTT FOUNDATION SHARED SERVICES 500,000
    10340 N 84TH ST
    OMAHA,NE68122
    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
    1,358,489,670
    b
    Average of monthly cash balances.......................
    1b
    81,492,303
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,439,981,973
    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
    1,439,981,973
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    21,599,730
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    1,418,382,243
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    70,919,112
    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
    70,919,112
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    244,889
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    3,591,678
    c
    Add lines 2a and 2b............................
    2c
    3,836,567
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    67,082,545
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    67,082,545
    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
    67,082,545
    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 67,082,545
    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......  
    b From 2017...... 532,796
    c From 2018...... 3,591,641
    d From 2019...... 5,867,290
    e From 2020...... 8,235,130
    f Total of lines 3a through e ........ 18,226,857
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 17,941,293
    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..... 17,941,293
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 18,226,857 18,226,857
    (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 ..........     		30,914,395
    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).)
    KAREN DIXON
    SANDRA PARKER
    AMY SCOTT
    W DAVID SCOTT
    WALTER SCOTT JR
    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
    ALASKA RAPTOR CENTER
    1000 RAPTOR WAY
    SITKA,AK99835     		  501(C)(3) CAPITAL CAMPAIGN AND GENERAL OPERATING SUPPORT 110,000
    CHILDREN'S HOSPITAL & MEDICAL CENTER FOUNDATION
    8404 INDIAN HILLS DRIVE SUITE 650
    OMAHA,NE681144113     		  501(C)(3) CAPITAL CAMPAIGN 1,000,000
    DOWNTOWN RIVERFRONT TRUST
    10050 REGENCY CIRCLE SUITE 101
    OMAHA,NE681143721     		  501(C)(3) CAPITAL CAMPAIGN 5,000,000
    JOSLYN ART MUSEUM
    2200 DODGE STREET
    OMAHA,NE68102     		  501(C)(3) CAPITAL CAMPAIGN 250,000
    LAKE CUNNINGHAM DEVELOPMENT TRUST
    10340 N 84TH STREET
    OMAHA,NE68122     		  501(C)(3) CAPITAL CAMPAIGN 500,000
    MECA TRI-PARK LLC
    455 N 10TH STREET
    OMAHA,NE68102     		  501(C)(3) CAPITAL CAMPAIGN 2,279,373
    NEBRASKA METHODIST HOSPITAL FOUNDATION
    8701 WEST DODGE ROAD SUITE 450
    OMAHA,NE68114     		  501(C)(3) CAPITAL CAMPAIGN 1,000,000
    OMAHA DISCOVERY TRUST
    10050 REGENCY CIRCLE SUITE 101
    OMAHA,NE68114     		  501(C)(3) CAPITAL CAMPAIGN 2,000,000
    OMAHA SYMPHONY ASSOCIATION
    1905 HARNEY STREET SUITE 400
    OMAHA,NE68102     		  501(C)(3) GENERAL OPERATING SUPPORT 500,000
    OMAHA ZOO FOUNDATION
    3701 SOUTH 10TH STREET
    OMAHA,NE68107     		  501(C)(3) CAPITAL CAMPAIGNS AND GENERAL OPERATING SUPPORT 2,524,420
    POLICE ATHLETICS FOR COMMUNITY ENGAGEMENT
    5105 S 37TH ST
    OMAHA,NE68107     		  501(C)(3) PROGRAM SUPPORT 50,000
    SINGER FOUNDATION
    10340 N 84TH STREET
    OMAHA,NE68122     		  501(C)(3) GENERAL OPERATING SUPPORT 1,000,000
    SUZANNE & WALTER SCOTT FOUNDATION
    10340 N 84TH STREET
    OMAHA,NE68122     		  501(C)(3) OMAHA AWARD 877,500
    THE DURHAM MUSEUM
    801 S 10TH STREET
    OMAHA,NE68108     		  501(C)(3) CAPITAL CAMPAIGN 100,000
    US CHAMBER OF COMMERCE FOUNDATION
    1615 H STREET NW
    WASHINGTON,DC20062     		  501(C)(3) CAPITAL CAMPAIGN 500,000
    Total .................................bullet 3a 17,691,293
    bApproved for future payment
    RADIUS
    PO BOX 4374
    OMAHA,NE68104     		  501(C)(3) CAPITAL CAMPAIGN 3,000,000
    OMAHA DISCOVERY TRUST
    10050 REGENCY CIRCLE SUITE 101
    OMAHA,NE68114     		  501(C)(3) CAPITAL CAMPAIGN 8,000,000
    OPAS FOUNDATION
    1200 DOUGLAS STREET
    OMAHA,NE68102     		  501(C)(3) CAPITAL CAMPAIGN 15,000,000
    THE DURHAM MUSEUM
    801 S 10TH STREET
    OMAHA,NE68108     		  501(C)(3) CAPITAL CAMPAIGN 200,000
    Total .................................bullet 3b 26,200,000
    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 ...........     		         
    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 3,931,703  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGOLDENROD CAPITAL PARTNERS III, LP     		523000 1,764,911      
    bWALTER SCOTT JR ADMIN TRUST 523000 8,020,907      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 9,785,818 18,695,924 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,481,742
    (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

    TY 2021 GeneralExplanationAttachment
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Identifier Return Reference Explanation
      FORM 990-PF, PART VI-A, LINE 11 C75 LAND, LP (EIN 84-3887371) 10340 N 84TH STREET OMAHA, NE 68122 NOT AN EXCESS BUSINESS HOLDING.GOLDENROD DEBT SOLUTIONS FUND, LP (EIN 84-4365588) 10340 N 84TH STREET OMAHA, NE 68122 NOT AN EXCESS BUSINESS HOLDING.JIFFY PROJECTS, LP (EIN 85-1747225) 10340 N 84TH STREET OMAHA, NE 68122 NOT AN EXCESS BUSINESS HOLDING.

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AECOM 5.125 03/15/2027 2,921,733 2,908,565
    ALTRIA GROUP INC 4.800 02/14/2029 2,477,154 2,413,792
    AMC NETWORKS INC 4.750 08/01/2025 3,191,549 3,240,426
    AMC NETWORKS INC 5.000 04/01/2024 107,010 123,923
    AMERICAN TOWER CORP 3.500 01/31/2023 1,056,818 1,100,794
    AMERICAN TOWER CORP 4.000 06/01/2025 1,512,722 1,592,324
    AT T INC 4.100 02/15/2028 2,734,646 2,671,493
    BALL CORP 4.000 11/15/2023 1,907,973 1,903,800
    BALL CORP 4.875 03/15/2026 658,303 654,291
    BALL CORP 5.250 07/01/2025 804,385 799,313
    BOYD GAMING CORP 4.750 12/01/2027 3,444,516 3,408,840
    BROADCOM INC SR GLBL NT 26 3.459 09/15/2026 2,953,664 3,275,682
    CARLISLE COMPANIES INC 3.750 11/15/2022 1,246,928 1,266,790
    CARLISLE COS INC 3.500 12/01/2024 1,358,355 1,452,253
    CDK GLOBAL INC 4.875 06/01/2027 324,806 324,990
    CDK GLOBAL INC SER 144A 5.250 05/15/2029 3,082,538 3,051,740
    CDW LLC CDW FINANCE 4.125 05/01/2025 1,284,777 1,286,430
    CDW LLC CDW FINANCE 4.250 04/01/2028 1,939,680 1,997,888
    CENTURYLINK INC 5.800 03/15/2022 469,297 468,488
    CENTURYLINK INC 6.750 12/01/2023 2,510,816 2,503,440
    CENTURYLINK INC 7.500 04/01/2024 422,455 421,575
    CITRIX SYSTEMS INC 4.500 12/01/2027 2,636,751 2,668,208
    CROWN AMER CAP CORP V 4.250 09/30/2026 1,232,850 1,235,098
    DISCOVERY COMMUNICATIONS 2.950 03/20/2023 249,552 253,644
    DISCOVERY COMMUNICATIONS 3.950 03/20/2028 2,530,901 2,474,621
    DOLLAR TREE INC 4.000 05/15/2025 768,892 786,366
    DOLLAR TREE INC 4.200 05/15/2028 1,178,611 1,235,992
    ENCOMPASS HEALTH CORP 4.500 02/01/2028 3,216,381 3,191,183
    GLOBAL PAYMENTS INC 2.650 02/15/2025 2,877,568 2,875,449
    HCA INC 5.375 09/01/2026 478,179 477,594
    HCA INC 5.625 09/01/2028 2,913,236 2,951,606
    HP INC 3.000 06/17/2027 2,197,600 2,195,824
    KRAFT HEINZ FOODS CO 3.875 05/15/2027 2,756,247 2,825,646
    LAMAR MEDIA CORP 3.750 02/15/2028 3,450,632 3,420,530
    MICROCHIP TECHNOLOGY INC 4.250 09/01/2025 3,504,387 3,474,050
    MOLSON COORS BREWING CO 3.000 07/15/2026 2,863,836 2,852,394
    MOTOROLA SOLUTIONS INC 4.000 09/01/2024 1,064,525 1,148,092
    MOTOROLA SOLUTIONS INC 4.600 02/23/2028 994,295 1,001,450
    ORACLE CORP 2.300 03/25/2028 489,319 490,475
    QORVO INC 4.375 10/15/2029 2,293,313 2,256,218
    QVC INC 4.450 02/15/2025 273,310 318,610
    QVC INC 4.850 04/01/2024 2,382,659 2,486,534
    REYNOLDS AMERICAN INC 4.850 09/15/2023 2,580,208 2,693,203
    SBA COMMUNICATIONS CORP SER 144A 3.125 02/01/2029 3,111,021 3,103,680
    SERVICE CORP INTL 4.625 12/15/2027 1,866,358 1,865,181
    SERVICE CORP INTL 5.125 06/01/2029 1,367,677 1,418,918
    SILGAN HOLDINGS INC 4.125 02/01/2028 3,382,503 3,375,231
    TEGNA INC 4.625 03/15/2028 3,446,256 3,432,643
    TELEFLEX INC SER 144A 4.250 06/01/2028 3,406,849 3,371,812
    TRINITY ACQUISITION PLC 4.625 08/15/2023 314,800 327,297
    U S TREASURY NOTE 0.750 03/31/2026 4,635,479 4,597,060
    U S TREASURY NOTE 1.750 09/30/2022 66,730 66,704
    UNITED RENTALS NORTH AM 5.500 05/15/2027 3,303,435 3,322,800
    WABTEC 4.700 09/15/2028 1,262,946 1,257,201
    WESCO DISTR INC SR 144A SER 144A 7.125 06/15/2025 3,340,467 3,352,780
    WESTERN DIGITAL CORP 4.750 02/15/2026 2,520,809 2,817,795
    ZIMMER BIOMET HOLDINGS INC SR GLBL NT 26 3.050 01/15/2026 1,742,185 1,713,095
    ALLEGION US HOLDING CO 3.200 10/01/2024 685,150 679,048
    ALTRIA GROUP INC 2.850 08/09/2022 1,332,554 1,331,962
    ALTRIA GROUP INC 4.400 02/14/2026 1,148,212 1,134,555
    AMC NETWORKS INC 4.750 08/01/2025 1,822,679 1,827,016
    AMC NETWORKS INC 5.000 04/01/2024 1,153,528 1,158,625
    AMERICAN TOWER CORP 4.000 06/01/2025 2,497,053 2,493,356
    AT&T INC 2.625 12/01/2022 2,470,161 2,459,533
    BALL CORP 4.000 11/15/2023 2,893,176 2,907,888
    BROADCOM CRP CAYMN FI 3.625 01/15/2024 2,395,380 2,375,171
    CARLISLE COS INC 3.500 12/01/2024 657,594 660,211
    CARRIER GLOBAL CORPORATION 2.242 02/15/2025 2,520,269 2,489,295
    CDK GLOBAL INC 5.000 10/15/2024 2,800,779 2,828,757
    CDW LLC CDW FINANCE 5.500 12/01/2024 2,724,079 2,903,844
    CENTURYLINK INC 5.800 03/15/2022 2,817,225 2,819,993
    CONAGRA BRANDS INC 4.300 05/01/2024 2,440,644 2,401,651
    CROWN AMER CAP CORP V 4.250 09/30/2026 918,148 921,253
    CROWN AMER CAP CORP VI 4.750 02/01/2026 767,443 766,700
    DISCOVERY COMMUNICATIONS 3.800 03/13/2024 2,848,223 2,824,715
    DOLLAR TREE INC 4.000 05/15/2025 1,402,894 1,402,997
    FISERV INC 2.750 07/01/2024 2,911,998 2,876,444
    FORTUNE BRANDS HOME SE 4.000 09/21/2023 2,613,743 2,596,052
    HCA INC 5.375 09/01/2026 2,990,180 3,018,393
    HEALTHSOUTH CORP 5.125 03/15/2023 494,378 494,000
    HILLENBRAND INC SR NT 5.750 06/15/2025 2,999,998 2,993,925
    KLA TENCOR CORP 4.650 11/01/2024 2,830,864 2,789,492
    KRAFT HEINZ FOODS CO 3.000 06/01/2026 2,454,370 2,488,315
    MICROCHIP TECHNOLOGY INC 4.250 09/01/2025 3,058,498 3,032,654
    MOTOROLA SOLUTIONS INC 4.000 09/01/2024 2,265,002 2,229,087
    ORACLE CORP 3.400 07/08/2024 2,484,603 2,451,580
    PRICELINE GROUP INC THE 2.750 03/15/2023 2,884,285 2,877,453
    QVC INC 4.375 03/15/2023 2,398,344 2,420,500
    REYNOLDS AMERICAN INC 4.850 09/15/2023 2,376,248 2,364,116
    RPM INTERNATIONAL INC 3.450 11/15/2022 2,623,796 2,615,608
    SBA COMMUNICATIONS CORP 3.875 02/15/2027 3,015,602 3,004,510
    SPECTRUM BRANDS INC 5.750 07/15/2025 2,992,212 3,002,475
    STEEL DYNAMICS INC SR NT 2.400 06/15/2025 2,392,518 2,387,892
    TOTAL SYSTEM SERVICES IN 3.750 06/01/2023 2,907,209 2,883,395
    TRIMBLE NAVIGATION LTD 4.750 12/01/2024 2,470,949 2,460,884
    TRINITY ACQUISITION PLC 4.625 08/15/2023 1,006,555 996,579
    U S TREASURY NOTE 0.750 03/31/2026 4,050,851 4,017,277
    U S TREASURY NOTE 1.750 09/30/2022 56,619 56,597
    UNITED RENTALS NORTH AM 5.500 05/15/2027 2,594,212 2,590,640
    WABTEC 4.150 03/15/2024 2,527,422 2,509,922
    WILLIS NORTH AMERICA INC 3.600 05/15/2024 1,510,375 1,486,190
    ZIMMER HOLDINGS INC 3.150 04/01/2022 2,866,352 2,865,720
    AECOM 5.125 03/15/2027 2,470,116 2,418,357
    AMC NETWORKS INC SR GLBL NT 5.00% DUE 04/01/2024 528,512 526,923
    AMC NETWORKS INC SR GLBL NT 4.75% DUE 08/01/2025 1,577,340 1,593,150
    AMC NETWORKS INC SR GLBL NT 4.25% DUE 02/15/2029 371,135 370,669
    AMERICAN TOWER CORP NEW SR GLBL 3.50% DUE 01/31/2023 249,261 259,796
    AMERICAN TOWER CORP NEW SR NT 4.00% DUE 06/01/2025 1,055,019 1,093,652
    AMERICAN TOWER CORP SR GLBL NT 3.375% DUE 10/15/2026 668,337 644,950
    AT&T INC SR GLBL 4.10% DUE 02/15/2028 2,083,406 2,021,400
    BALL CORP SR GLBL NT 4.875% DUE 03/15/2026 1,570,820 1,559,724
    BALL CORP SR NT 4.00% DUE 11/15/2023 362,251 362,181
    BOYD GAMING CORP SR GLBL NT 4.75% DUE 12/01/2027 2,418,420 2,392,920
    BROADCOM CAYMAN SR GLBL NT 3.875% DUE 01/15/2027 2,018,847 2,301,948
    CARLISLE COS INC SR GLBL 3.50% DUE 12/01/2024 1,759,562 1,851,965
    CDK GLOBAL INC CR SEN SR GLBL STEP CPN DUE 10/15/2024 2,071,394 2,259,516
    CDK GLOBAL INC SR GLBL NT 4.875% DUE 06/01/2027 291,714 292,905
    CDW LLC CDW FIN CORP SR GLBL NT 3.25% DUE 02/15/2029 409,179 409,626
    CDW LLC CDW FIN CORP SR GLBL NT 4.25% DUE 04/01/2028 2,011,182 2,067,065
    CENTURYLINK INC SR GLBL Y NT 7.50% DUE 04/01/2024 2,222,365 2,380,530
    CITRIX SYS INC SR GLBL 4.50% DUE 12/01/2027 2,017,434 1,945,252
    DISCOVERY COMMUNICATIONS LLC SR GLBL NT 3.95% DUE 03/20/2028 958,664 955,288
    DISCOVERY COMMUNICATIONS LLC SR NT 3.80% DUE 03/13/2024 889,961 938,774
    DOLLAR TREE INC SR GLBL NT 4.00% DUE 05/15/2025 927,993 962,546
    ENCOMPASS HE 4.5% DUE 02/01/2028 2,528,451 2,489,575
    GLOBAL PMTS INC SR GLBL NT 2.65% DUE 02/15/2025 2,018,976 2,016,308
    HCA SR GLBL NT 5.625% DUE 09/01/2028 2,288,455 2,301,925
    HCA 5.375% DUE 09/01/2026 193,034 193,285
    HP INC SR GLBL NT 3.00% DUE 06/17/2027 2,421,798 2,392,481
    KRAFT HEINZ FOODS CO SR GLBL NT 3.875% DUE 05/15/2027 1,577,454 1,565,123
    LAMAR MEDIA CORP SR GLBL NT 3.75% DUE 02/15/2028 2,303,744 2,285,700
    MICROCHIP TECHNOLOGY SR GLBL NT 4.25% DUE 09/01/2025 2,009,638 2,011,729
    MOLSON COORS BEVERAGE CO SR GLBL NT 3.00% DUE 07/15/2026 2,025,381 2,001,386
    MOTOROLA SOLUTIONS INC SR GLBL NT 4.00% DUE 09/01/2024 1,561,181 1,652,911
    QORVO INC SR GLBL NT 4.375% DUE 10/15/2029 2,497,290 2,452,549
    QVC INC SR SEC GLBL NT 4.45% DUE 02/15/2025 1,904,792 2,042,480
    REYNOLDS AMERICAN INC SR GLBL NT 4.45% DUE 06/12/2025 1,472,998 1,604,880
    REYNOLDS AMERICAN INC SR GLBL NT 4.85% DUE 09/15/2023 360,051 380,042
    SCOTTS MIRACLE GRO CO SR GLBL 4.50% DUE 10/15/2029 1,424,993 1,419,885
    SERVICE CORP INTL SR GLBL NT 4.625% DUE 12/15/2027 812,349 812,038
    SERVICE CORP INTL SR GLBL NT 5.125% DUE 06/01/2029 1,639,469 1,629,128
    SILGAN HOLDINGS INC SR GLBL NT 4.125% DUE 02/01/2028 2,485,770 2,465,298
    SPECTRUM BRANDS INC SR GLBL NT 5.75% DUE 07/15/2025 2,451,104 2,456,106
    TEGNA INC SR GLBL NT 4.625% DUE 03/15/2028 2,251,628 2,255,072
    TELEFLEX INCORPORATED SR GLBL NT 4.625% DUE 11/15/2027 2,490,765 2,475,200
    TREEHOUSE FOODS INC SR GLBL NT 4.00% DUE 09/01/2028 1,188,020 1,194,240
    UNITED RENTALS NORTH AMER INC SR GLBL 5.50% DUE 05/15/2027 1,855,670 1,859,520
    US TREASURY NOTE 0.75% DUE 03/31/2026 3,250,573 3,223,895
    US TREASURY NOTE 1.75% DUE 09/30/2022 47,521 47,503
    WESTERN DIGITAL CORP SR GLBL NT 4.75% DUE 02/15/2026 1,893,053 2,061,134
    WESTINGHOUSE AIR BRAKE TECHNOL STEP CPN DUE 09/15/2028 221,567 220,522
    WILLIS NORTH AMER INC SR GLBL 3.60% DUE 05/15/2024 1,677,836 1,795,158
    ZIMMER BIOMET HLDGS INC SR GLBL NT 3.05% DUE 01/15/2026 1,274,255 1,228,414
    AECOM SR GLBL NT 5.125% DUE 03/15/2027 2,804,049 2,754,966
    AMC NETWORKS INC SR GLBL NT 4.25% DUE 02/15/2029 310,440 310,050
    AMC NETWORKS INC SR GLBL NT 4.75% DUE 08/01/2025 2,216,260 2,244,708
    AMC NETWORKS INC SR GLBL NT 5.00% DTD 03/30/2016 DUE 04/01/2024 277,899 277,063
    AMERICAN TOWER CORP NEW SR GLBL 3.50% DUE 01/31/2023 307,813 320,380
    AMERICAN TOWER CORP NEW SR NT 4.00% DTD 05/07/2015 DUE 06/01/2025 1,265,947 1,336,567
    AMERICAN TOWER CORP SR GLBL NT 3.375% DUE 10/15/2026 634,551 636,449
    AT&T INC SR GLB 3.80% DUE 02/15/2027 1,770,974 1,726,581
    AT&T INC SR GLB 4.10% DUE 02/15/2028 567,221 548,967
    BALL CORP SR GLBL NT 4.875% DUE 03/15/2026 831,518 823,922
    BALL CORP SR NT 4.00% DTD 05/16/2013 DUE 11/15/2023 1,809,608 1,791,075
    BOYD GAMING CORP SR GLBL NT 4.75% DUE 12/01/2027 2,742,176 2,712,180
    BROADCOM CAYMAN SR GLBL NT 3.875% DUE 01/15/2027 2,765,871 3,157,452
    CARLISLE COS INC SR GLBL 3.50% DUE 12/01/2024 2,502,946 2,761,074
    CDK GLOBAL INC CR SEN SR GLBL STEP CPN DUE 10/15/2024 2,409,293 2,628,105
    CDK GLOBAL INC SR GLBL NT 4.875% DTD 12/01/2017 DUE 06/01/2027 237,282 238,050
    CDW LLC CDW FIN CORP SR GLBL NT 4.25% DTD 09/26/2019 DUE 04/01/2028 2,735,116 2,784,653
    CENTURYLINK INC SR W NT 6.75% DUE 12/01/2023 363,608 368,280
    CENTURYLINK INC SR GLBL Y NT 7.50% DUE 04/01/2024 1,886,903 2,169,195
    CENTURYLINK INC SR NT T 5.80% DUE 03/15/2022 245,720 243,815
    CITRIX SYS INC SR GLBL 4.50% DTD 11/15/2017 DUE 12/01/2027 2,567,473 2,610,676
    CROWN AMERS AMERS SR GLBL NT 4.25% DUE 09/30/2026 1,930,244 1,937,513
    DISCOVERY COMMUNICATIONS LLC SR GLBL NT 3.95% DUE 03/20/2028 2,323,642 2,243,135
    DOLLAR TREE INC SR GLBL 4.20% DUE 05/15/2028 1,317,833 1,273,885
    DOLLAR TREE INC SR GLBL NT 4.00% DUE 05/15/2025 947,942 947,506
    ENCOMPASS HE 4.5% DUE 02/01/2028 2,853,769 2,807,459
    GLOBAL PMTS INC SR GLBL NT 2.65% DUE 02/15/2025 1,507,544 1,505,551
    HCA SR GLBL NT 5.625% DUE 09/01/2028 2,791,566 2,807,881
    HP INC SR GLBL NT 3.00% DTD 06/17/2020 DUE 06/17/2027 2,100,263 2,061,214
    KRAFT HEINZ FOODS CO SR GLBL NT 3.875% DTD 11/15/2020 DUE 05/15/2027 1,444,798 1,440,907
    LAMAR MEDIA CORP SR GLBL NT 3.75% DTD 07/15/2020 DUE 02/15/2028 2,360,708 2,344,848
    MICROCHIP TECHNOLOGY SR GLBL NT 4.25% DUE 09/01/2025 2,037,014 2,013,807
    MOLSON COORS BEVERAGE CO SR GLBL NT 3.00% DTD 07/07/2016 DUE 07/15/2026 1,877,037 1,873,683
    MOTOROLA SOLUTIONS INC SR GLBL NT 4.00% DUE 09/01/2024 951,593 1,019,224
    QORVO INC SR GLBL NT 4.375% DTD 04/15/2020 DUE 10/15/2029 2,764,027 2,748,638
    QVC INC SR SEC 4.85% DUE 04/01/2024 2,177,665 2,318,914
    REYNOLDS AMERICAN INC SR GLBL NT 4.45% DUE 06/12/2025 1,974,031 2,121,120
    SCOTTS MIRACLE GRO CO SR GLBL 4.50% DTD 10/22/2019 DUE 10/15/2029 1,249,443 1,246,830
    SERVICE CORP INTL SR GLBL NT 4.625% DTD 12/12/2017 DUE 12/15/2027 309,006 308,950
    SERVICE CORP INTL SR GLBL NT 5.125% DTD 05/21/2019 DUE 06/01/2029 1,988,245 1,977,690
    SILGAN HOLDINGS INC SR GLBL NT 4.125% DTD 04/01/2020 DUE 02/01/2028 2,814,552 2,785,970
    SPECTRUM BRANDS INC SR GLBL NT 5.75% DUE 07/15/2025 464,701 463,648
    TEGNA INC SR GLBL NT 4.625% DUE 03/15/2028 2,756,427 2,708,917
    TELEFLEX INCORPORATED SR GLBL NT 4.625% DUE 11/15/2027 2,655,738 2,642,640
    TREEHOUSE FOODS INC SR GLBL NT 4.00% DTD 09/09/2020 DUE 09/01/2028 961,330 963,840
    TRINITY ACQUISITION PLC SR GLBL NT 4.625% DUE 08/15/2023 2,091,432 2,166,247
    UNITED RENTALS NORTH AMER INC SR GLBL 5.50% DUE 05/15/2027 2,782,285 2,785,120
    US TREASURY NOTE 0.75% DTD 03/31/2021 DUE 03/31/2026 3,685,829 3,655,579
    US TREASURY NOTE 1.75% DTD 09/30/2015 DUE 09/30/2022 52,577 52,556
    WESTERN DIGITAL CORP SR GLBL NT 4.75% DUE 02/15/2026 2,119,925 2,325,747
    WILLIS NORTH AMER INC SR GLBL 3.60% DUE 05/15/2024 575,471 598,037
    ZIMMER BIOMET HOLDINGS INC SR GLBL NT 3.05% DUE 01/15/2026 2,174,682 2,084,962
    ZIMMER BIOMET HOLDINGS INC SR GLBL NT 3.15% DUE 04/01/2022 165,731 165,330
    CHILDRENS HOSPITAL PROMISSORY NOTE 3,719,043 3,719,030

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKSHIRE HATHAWAY ENERGY CO 27,169,646 776,523,840
    BERKSHIRE HATHAWAY INC CL B 105,116,652 375,245,000

    TY 2021 InvestmentsOtherSchedule2
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PARTNERSHIP INVESTMENT AT COST 109,172,740 108,819,849

    TY 2021 OtherAssetsSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 0 1,850,656 1,850,656


    TY 2021 OtherIncomeSchedule2
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 3,233,287 3,233,287 3,233,287
    GOLDENROD CAPITAL PARTNERS III, LP 1,764,911   1,764,911
    WALTER SCOTT JR ADMIN TRUST 8,020,907   8,020,907


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 1,327,987 1,077,987   250,000


    TY 2021 TaxesSchedule
    Name:
    WALTER SCOTT FAMILY FOUNDATION
    EIN:
    47-1116371
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 280,000 0   0