Form990-PF


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
STILL WATER FOUNDATION II
C/O PERSONAL ADMINISTRATORS INC
Number and street (or P.O. box number if mail is not delivered to street address)3939 BEE CAVE RD C-100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78746
A Employer identification number

47-3532637
B Telephone number (see instructions)

(512) 328-1184
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$144,411,905J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 36,313 36,313  
4 Dividends and interest from securities... 679,916 679,916  
5a Gross rents............ 178,696 178,696  
b Net rental income or (loss) -44,225
6a Net gain or (loss) from sale of assets not on line 10 4,595,705
b Gross sales price for all assets on line 6a 11,550,787
7 Capital gain net income (from Part IV, line 2)... 4,595,705
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 11,416,671 10,988,143  
12 Total. Add lines 1 through 11........ 16,909,301 16,478,773  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 333,417 83,354   250,063
14 Other employee salaries and wages...... 188,595 42,371   146,224
15 Pension plans, employee benefits....... 23,605 2,931   20,674
16a Legal fees (attach schedule)......... Click to see attachment 650,780 587,288   63,492
b Accounting fees (attach schedule)....... Click to see attachment 196,795 179,188   17,607
c Other professional fees (attach schedule).... Click to see attachment 36,283 36,283   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 356,322 81,825   20,910
19 Depreciation (attach schedule) and depletion... Click to see attachment 174,339 71,202  
20 Occupancy.............. 13,880 13,880   0
21 Travel, conferences, and meetings....... 91,678 91,678   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 560,356 560,356   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,626,050 1,750,356   518,970
25 Contributions, gifts, grants paid....... 4,869,797 7,013,797
26 Total expenses and disbursements. Add lines 24 and 25 7,495,847 1,750,356   7,532,767
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,413,454
b Net investment income (if negative, enter -0-) 14,728,417
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......... 8,924,925 12,884,218 12,884,218
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   409    
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) bullet772,499
Less: allowance for doubtful accounts bullet0 818,399 Click to see attachment772,499 772,499
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)....... 31,845,582 Click to see attachment37,541,396 37,541,396
c Investments—corporate bonds (attach schedule)....... 2,110,206 Click to see attachment1,839,341 1,839,341
11 Investments—land, buildings, and equipment: basis bullet4,068,682
Less: accumulated depreciation (attach schedule) bullet49,619 4,045,330 Click to see attachment4,019,063 4,019,063
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 77,962,571 Click to see attachment86,439,104 86,439,104
14 Land, buildings, and equipment: basis bullet135,929
Less: accumulated depreciation (attach schedule) bullet30,040 117,473 Click to see attachment105,889 105,889
15 Other assets (describe bullet) Click to see attachment932,151 Click to see attachment810,395 Click to see attachment810,395
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 126,757,046 144,411,905 144,411,905
Liabilities 17 Accounts payable and accrued expenses.......... 69,952 111,956
18 Grants payable................. 14,667,000 12,523,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment15,071 Click to see attachment15,528
23 Total liabilities (add lines 17 through 22)......... 14,752,023 12,650,484
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........... 112,005,023 131,761,421
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 112,005,023 131,761,421
30 Total liabilities and net assets/fund balances (see instructions). 126,757,046 144,411,905
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
112,005,023
2
Enter amount from Part I, line 27a .....................
2
9,413,454
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,352,209
4
Add lines 1, 2, and 3 ..........................
4
131,770,686
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
9,265
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
131,761,421
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 CAPITAL GAINS FROM K-1S P 2021-01-01 2021-12-31
b HUMANA WEST LTD. WRITE OFF P 2021-01-01 2021-12-31
c A.P. MOLLER - MAERSK   2021-01-01 2021-12-31
d ABBOTT LABORATORIES   2021-01-01 2021-12-31
e ADYEN   2021-01-01 2021-12-31
ADYEN NV   2021-01-01 2021-12-31
AIR PROD & CHEMICALS   2021-01-01 2021-12-31
AKAMAI TECHNOLOGIES   2021-01-01 2021-12-31
ALCON INC.   2021-01-01 2021-12-31
ALIBABA GROUP HOLDING LTD.   2021-01-01 2021-12-31
ALPHABET INC   2021-01-01 2021-12-31
ALPHABET INC. CLASS C   2021-01-01 2021-12-31
AMADEUS IT GROUP SA   2021-01-01 2021-12-31
AMAZON.COM   2021-01-01 2021-12-31
ANTOFAGASTA   2021-01-01 2021-12-31
AP MOLLER - MAERSK   2021-01-01 2021-12-31
APPLE INC.   2021-01-01 2021-12-31
AXON ENTERPRISE INC.   2021-01-01 2021-12-31
BALL CORP.   2021-01-01 2021-12-31
BANK OF AMERICA CORP.   2021-01-01 2021-12-31
BHP GROUP PLC   2021-01-01 2021-12-31
BLACK KNIGHT INC.   2021-01-01 2021-12-31
BNP PARIBAS   2021-01-01 2021-12-31
CINTAS CORP.   2021-01-01 2021-12-31
COLGATE-PALMOLIVE CO.   2021-01-01 2021-12-31
COMCAST CORP   2021-01-01 2021-12-31
COMMERZBANK AG   2021-01-01 2021-12-31
COMPASS GROUP   2021-01-01 2021-12-31
COMPASS GROUP PLC   2021-01-01 2021-12-31
CULLEN FROST BANKERS   2021-01-01 2021-12-31
DANAHER CORP.   2021-01-01 2021-12-31
DANONE   2021-01-01 2021-12-31
DELIVERY HERO   2021-01-01 2021-12-31
DEUTSCHE BANK AG   2021-01-01 2021-12-31
ECOLAB INC.   2021-01-01 2021-12-31
EDENRED   2021-01-01 2021-12-31
EMERSON ELECTRIC CO.   2021-01-01 2021-12-31
ESSILORLUXOTTICA   2021-01-01 2021-12-31
EUROFINS SCIENTIFIC   2021-01-01 2021-12-31
EUROFINS SCIENTIFIC SE   2021-01-01 2021-12-31
FLIR SYSTEMS - MERGER   2021-01-01 2021-12-31
FRANKLIN ELECTRIC CO.   2021-01-01 2021-12-31
GLAXOSMITHKLINE   2021-01-01 2021-12-31
GOLDEN OCEAN GROUP   2021-01-01 2021-12-31
GOLDEN OCEAN GROUP LTD   2021-01-01 2021-12-31
GRIFOLS SA   2021-01-01 2021-12-31
HOME DEPOT INC.   2021-01-01 2021-12-31
HONEYWELL INTL INC.   2021-01-01 2021-12-31
INTESA SANPAOLO S.P.A.   2021-01-01 2021-12-31
INTESA SANPAOLO SPA   2021-01-01 2021-12-31
INTUIT INC.   2021-01-01 2021-12-31
JOHNSON & JOHNSON   2021-01-01 2021-12-31
JP MORGAN CHASE & CO   2021-01-01 2021-12-31
JP MORGAN CHASE & CO.   2021-01-01 2021-12-31
KERING   2021-01-01 2021-12-31
KEYENCE CORP   2021-01-01 2021-12-31
KIMBERLY CLARK CORP.   2021-01-01 2021-12-31
L3 HARRIS TECHNOLOGIES INC   2021-01-01 2021-12-31
LEGRAND S.A.   2021-01-01 2021-12-31
LEGRAND SA   2021-01-01 2021-12-31
LKCM SMALL CAP EQUITY INSTL   2021-01-01 2021-12-31
LKCM SMALL-MID CAP EQUITY INSTL   2021-01-01 2021-12-31
LLOYD'S BANKING GROUP   2021-01-01 2021-12-31
LONDON STOCK EXCHANGE GROUP   2021-01-01 2021-12-31
LVMH MOET HENNESSY VUITTON SE   2021-01-01 2021-12-31
MARTIN MARIETTA MATERIAL   2021-01-01 2021-12-31
MEDTRONIC PLC   2021-01-01 2021-12-31
MERCK & CO. INC.   2021-01-01 2021-12-31
META PLATORMS INC.   2021-01-01 2021-12-31
MICROSOFT CORP   2021-01-01 2021-12-31
MICROSOFT CORP.   2021-01-01 2021-12-31
MONDELEZ INTL INC.   2021-01-01 2021-12-31
MOODYS CORP.   2021-01-01 2021-12-31
NATIONAL INSTRUMENTS   2021-01-01 2021-12-31
NIKE INC.   2021-01-01 2021-12-31
NOVARTIS AG   2021-01-01 2021-12-31
NOVO NORDISK   2021-01-01 2021-12-31
ORGANON & CO   2021-01-01 2021-12-31
ORPEA   2021-01-01 2021-12-31
PAYPAL HOLDINGS INCORPOR   2021-01-01 2021-12-31
PEPSICO INC.   2021-01-01 2021-12-31
PERKINELMER INC.   2021-01-01 2021-12-31
PROCTER & GAMBLE   2021-01-01 2021-12-31
PSI SOFTWARE AG   2021-01-01 2021-12-31
REALPAGE INC. - MERGER   2021-01-01 2021-12-31
ROCKWELL AUTOMATION   2021-01-01 2021-12-31
ROPER TECHNOLOGIES   2021-01-01 2021-12-31
SAP SE   2021-01-01 2021-12-31
SOITEC S.A.   2021-01-01 2021-12-31
SOITEC SA   2021-01-01 2021-12-31
SONY GROUP CORPORATION   2021-01-01 2021-12-31
ST MICROELECTONICS   2021-01-01 2021-12-31
ST MICROELECTRONICS   2021-01-01 2021-12-31
SWATCH GROUP   2021-01-01 2021-12-31
TELEDYNE TECHNOLOGY   2021-01-01 2021-12-31
TELEDYNE TECHNOLOGY - CASH IN LIEU   2021-01-01 2021-12-31
TEMENOS AG   2021-01-01 2021-12-31
THE COCA COLA CO.   2021-01-01 2021-12-31
THERMO FISHER SCIENTIFIC   2021-01-01 2021-12-31
TRACTOR SUPPLY COMP   2021-01-01 2021-12-31
TRIMBLE INC.   2021-01-01 2021-12-31
UNILEVER PLC   2021-01-01 2021-12-31
UNION PACIFIC CORP.   2021-01-01 2021-12-31
US BANCORP   2021-01-01 2021-12-31
VESTAS WIND SYSTEMS   2021-01-01 2021-12-31
VF CORP.   2021-01-01 2021-12-31
VISA INC.   2021-01-01 2021-12-31
VOLKSWAGEN AG   2021-01-01 2021-12-31
WALT DISNEY CO.   2021-01-01 2021-12-31
WASTE CONNECTIONS INC.   2021-01-01 2021-12-31
YARA INTERNATIONAL ASA   2021-01-01 2021-12-31
ZIONS BANCORP NA   2021-01-01 2021-12-31
ZOETIS INC.   2021-01-01 2021-12-31
SWISSCOM AG -NAMEN-, ITTIGEN   2021-01-01 2021-12-31
PS CHOCOLADEFABRIKEN LINDT & SPRUNGLI AG   2021-01-01 2021-12-31
DORMAKABA HOLDING AG -NAMEN-, RUMLANG   2021-01-01 2021-12-31
NOVARTIS AG -NAMEN-, BASEL   2021-01-01 2021-12-31
NOVARTIS AG -NAMEN-, BASEL   2021-01-01 2021-12-31
STRAUMANN HOLDING AG -NAMEN-, BASEL   2021-01-01 2021-12-31
PS SCHINDLER HOLDING AG, HERGISWIL   2021-01-01 2021-12-31
PS SCHINDLER HOLDING AG, HERGISWIL   2021-01-01 2021-12-31
PS SCHINDLER HOLDING AG, HERGISWIL   2021-01-01 2021-12-31
KUHNE & NAGEL INTERNATIONAL AG -NAMEN-, SCHINDELLEGI   2021-01-01 2021-12-31
SOFTWAREONE HOLDING AG -NAMEN-, STANS   2021-01-01 2021-12-31
NOVO-NORDISK AS -8-   2021-01-01 2021-12-31
LLLUMINA INC.   2021-01-01 2021-12-31
PERKINELMER INC.   2021-01-01 2021-12-31
SALESFORCE.COM INC.   2021-01-01 2021-12-31
THERMO FISHER SCIENTIFIC INC.   2021-01-01 2021-12-31
2.375% CAISSE D'AMORTISSEMENT DE LA DETTE   2021-01-01 2021-12-31
3.25% SKANDINAVISKA ENSKILDA BANKEN   2021-01-01 2021-12-31
RAHN & BODMER #8703   2021-01-01 2021-12-31
SIG COMBIBLOC GROUP AG - NAMEN-, NEUHAUSEN AM RHEINFALL   2021-01-01 2021-12-31
PS CHOCOLADEFABRIKEN LINDT & SPRUNGLI AG   2021-01-01 2021-12-31
LONZA GROUP AG - NAMEN-, BASEL   2021-01-01 2021-12-31
GALENICA AG - NAMEN-, BERN   2021-01-01 2021-12-31
SOFTWAREONE HOLDING AG - NAMEN-, STANS   2021-01-01 2021-12-31
DORMAKABA HOLDING AG -NAMEN-, RUMLANG   2021-01-01 2021-12-31
LKCM SMALL CAP EQUITY INSTL: LKSCX   2021-01-01 2021-12-31
LKCM SMALL-MID CAP EQUITY INSTITUTIONAL: LKSMX   2021-01-01 2021-12-31
SCHWAB US TREASURY MONEY   2021-01-01 2021-12-31
LUTHER KING SCHWAB COST ADJUSTMENT   2021-01-01 2021-12-31
(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 934,866     934,866
b 1,754     1,754
c 43,021   18,513 24,508
d 30,723   5,991 24,732
e 415,126   336,562 78,564
28,804   22,438 6,366
31,436   29,967 1,469
29,664   32,173 -2,509
32,420   28,208 4,212
140,319   173,207 -32,888
126,369   33,096 93,273
59,108   5,320 53,788
614,227   535,286 78,941
70,023   3,738 66,285
44,956   53,976 -9,020
20,703   11,901 8,802
159,415   31,835 127,580
16,961   15,799 1,162
34,674   5,986 28,688
45,317   26,572 18,745
24,438   30,155 -5,717
24,973   19,390 5,583
83,505   43,716 39,789
43,479   15,228 28,251
19,867   14,097 5,770
195,607   176,732 18,875
41,014   46,721 -5,707
11,049   9,836 1,213
26,805   23,427 3,378
37,816   13,102 24,714
50,120   5,198 44,922
32,850   33,270 -420
607,138   211,219 395,919
67,739   44,981 22,758
28,012   12,776 15,236
641,354   463,234 178,120
27,166   12,667 14,499
37,945   26,336 11,609
35,538   19,823 15,715
141,368   70,124 71,244
33,600     33,600
21,653   4,310 17,343
24,692   22,486 2,206
8,051   12,396 -4,345
114,643   81,378 33,265
111,259   164,842 -53,583
58,875   9,772 49,103
37,605   7,124 30,481
30,108   31,128 -1,020
13,037   15,496 -2,459
91,633   46,904 44,729
26,826   10,497 16,329
21,253   13,884 7,369
42,143   14,745 27,398
41,605   27,354 14,251
58,267   31,968 26,299
18,035   9,211 8,824
26,439   23,897 2,542
24,895   15,509 9,386
14,036   9,778 4,258
45,000   37,884 7,116
41,000   30,879 10,121
45,244   48,500 -3,256
171,272   108,720 62,552
91,263   42,982 48,281
85,011   16,485 68,526
14,461   9,311 5,150
11,308   6,699 4,609
33,001   33,250 -249
175,895   30,838 145,057
49,597   8,561 41,036
180,471   150,164 30,307
53,611   14,511 39,100
19,433   10,502 8,931
43,592   10,126 33,466
147,986   142,009 5,977
78,493   28,597 49,896
1,928   1,557 371
335,085   279,221 55,864
78,138   12,179 65,959
29,336   11,110 18,226
44,273   4,901 39,372
19,037   8,252 10,785
39,584   25,691 13,893
142,000   91,731 50,269
26,300   14,443 11,857
19,115   2,853 16,262
35,748   27,995 7,753
31,727   8,856 22,871
408,099   154,977 253,122
66,141   28,464 37,677
99,214   49,923 49,291
138,506   66,909 71,597
13,695   15,713 -2,018
20,357   28,753 -8,396
66   100 -34
25,346   25,480 -134
24,927   21,298 3,629
47,153   3,310 43,843
66,068   10,096 55,972
46,095   10,122 35,973
151,950   152,493 -543
31,198   7,225 23,973
33,572   13,240 20,332
460,206   441,569 18,637
19,795   19,236 559
40,153   13,594 26,559
33,413   31,123 2,290
32,503   21,660 10,843
35,169   11,379 23,790
542,701   524,726 17,975
36,520   15,567 20,953
53,982   10,307 43,675
26,118   25,121 997
69,985   25,873 44,112
35,514   32,273 3,241
41,419   22,186 19,233
13,806   10,642 3,164
68,665   50,236 18,429
56,902   29,914 26,988
43,630   22,435 21,195
14,543   12,130 2,413
55,429   25,899 29,530
15,448   12,380 3,068
147,784   101,366 46,418
74,044   55,076 18,968
36,551   19,022 17,529
15,198   9,789 5,409
44,641   33,619 11,022
150,000   152,162 -2,162
200,000   203,588 -3,588
420     420
1,555     1,555
694     694
372     372
1,200     1,200
1,166     1,166
875     875
20,637     20,637
22,110     22,110
19     19
    21 -21
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       934,866
b       1,754
c       24,508
d       24,732
e       78,564
      6,366
      1,469
      -2,509
      4,212
      -32,888
      93,273
      53,788
      78,941
      66,285
      -9,020
      8,802
      127,580
      1,162
      28,688
      18,745
      -5,717
      5,583
      39,789
      28,251
      5,770
      18,875
      -5,707
      1,213
      3,378
      24,714
      44,922
      -420
      395,919
      22,758
      15,236
      178,120
      14,499
      11,609
      15,715
      71,244
      33,600
      17,343
      2,206
      -4,345
      33,265
      -53,583
      49,103
      30,481
      -1,020
      -2,459
      44,729
      16,329
      7,369
      27,398
      14,251
      26,299
      8,824
      2,542
      9,386
      4,258
      7,116
      10,121
      -3,256
      62,552
      48,281
      68,526
      5,150
      4,609
      -249
      145,057
      41,036
      30,307
      39,100
      8,931
      33,466
      5,977
      49,896
      371
      55,864
      65,959
      18,226
      39,372
      10,785
      13,893
      50,269
      11,857
      16,262
      7,753
      22,871
      253,122
      37,677
      49,291
      71,597
      -2,018
      -8,396
      -34
      -134
      3,629
      43,843
      55,972
      35,973
      -543
      23,973
      20,332
      18,637
      559
      26,559
      2,290
      10,843
      23,790
      17,975
      20,953
      43,675
      997
      44,112
      3,241
      19,233
      3,164
      18,429
      26,988
      21,195
      2,413
      29,530
      3,068
      46,418
      18,968
      17,529
      5,409
      11,022
      -2,162
      -3,588
      420
      1,555
      694
      372
      1,200
      1,166
      875
      20,637
      22,110
      19
      -21
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 4,595,705
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........................... 3 204,725
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- ..... 5 204,725
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 225,273
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 125,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 350,273
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 145,548
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet145,548 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 instructionsClick to see attachment.................
    12
    Yes
     
    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 ofbulletPERSONAL ADMINISTRATORS INC Telephone no.bullet (512) 328-1184

    Located atbullet3939 BEE CAVE ROAD C-100AUSTINTX ZIP+4bullet78746
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletUK, SZ
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JULIA M WILKINSON CHAIRMAN/PRESIDENT
    5.00     		0 0 0
    3939 BEE CAVE RD C-100
    AUSTIN,TX78746
    JAMES A FLIELLER TREASURER
    4.00     		0 0 0
    3129 HONEY TREE LANE
    AUSTIN,TX78746
    DUNCAN E OSBORNE VP/SECRETARY
    12.00     		0 0 0
    301 CONGRESS AVE STE 1910
    AUSTIN,TX78701
    PATTI O'MEARA MANAGING DIRECTOR
    3.00     		0 0 0
    3939 BEE CAVE RD C-100
    AUSTIN,TX78746
    ELLEN O RAY EXECUTIVE DIRECTOR
    55.00     		333,417 11,724 0
    3405 SHINOAK DRIVE
    AUSTIN,TX78731
    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
    OSBORNE HELMAN KNEBEL & SCOTT LLP LEGAL 664,929
    301 CONGRESS AVENUE SUITE 1910
    AUSTIN,TX78701
    SW MITCHELL CAPITAL MANAGEMENT FEES 138,005
    38 JERMYN STREET
    LONDON   SW1Y 6DN
    UK
    PERSONAL ADMINISTRATORS INC ADMINISTRATIVE 117,376
    3939 BEE CAVES ROAD C-100
    AUSTIN,TX78746
    CONDLEY & COMPANY LLP AUDIT & TAX SERVICES 84,246
    PO BOX 2993
    ABILENE,TX79604
    TERRY MCDANIEL & CO MANAGEMENT FEES 68,845
    2630 EXPOSITION BLVD STE 300
    AUSTIN,TX78703
    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
    36,428,232
    b
    Average of monthly cash balances.......................
    1b
    9,607,973
    c
    Fair market value of all other assets (see instructions)................
    1c
    91,990,472
    d
    Total (add lines 1a, b, and c).........................
    1d
    138,026,677
    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
    138,026,677
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,070,400
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    135,956,277
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    6,797,814
    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
    6,797,814
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    204,725
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    204,725
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,593,089
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,593,089
    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
    6,593,089
    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 6,593,089
    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...... 1,015,835
    b From 2017...... 3,682,688
    c From 2018...... 5,311,003
    d From 2019...... 6,984,307
    e From 2020...... 7,854,956
    f Total of lines 3a through e ........ 24,848,789
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 7,532,767
    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..... 6,593,089
    e Remaining amount distributed out of corpus 939,678
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 25,788,467
    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) ...     		1,015,835
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		24,772,632
    10 Analysis of line 9:
    a Excess from 2017.... 3,682,688
    b Excess from 2018.... 5,311,003
    c Excess from 2019.... 6,984,307
    d Excess from 2020.... 7,854,956
    e Excess from 2021.... 939,678
    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).)
    JULIA M WILKINSON
    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
    AUSTIN CLASSICAL GUITAR
    PO BOX 4072
    AUSTIN,TX78765     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000
    AUSTIN FILM SOCIETY
    1901 EAST 51 STREET
    AUSTIN,TX78723     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000
    AUSTIN JAZZ WORKSHOP
    PO BOX 41052
    AUSTIN,TX78704     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000
    BARTON SPRINGS CONSERVANCY
    603 W 13TH ST SUITE 2-F
    AUSTIN,TX78701     		NONE PC CHARITABLE - TO SUPPORT THE EXHIBITS IN THE BARTON SPRINGS BATHHOUSE. 25,000
    BLANTON MUSEUM OF ART
    200 E MARTIN LUTHER KING JR BLVD
    AUSTIN,TX78712     		NONE PC CULTURAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 1,000,000
    BROOKLYN ZEN CENTER
    87 KAYE ROAD
    MILLERTON,NY12546     		NONE PC CHARITABLE - ANCESTRAL HEART ZEND MONASTERY ESTABLISHMENT. 42,000
    CASETA
    PO BOX 3726
    SAN ANGELO,TX76902     		NONE PC CHARITABLE - TO SUPPORT THE 2021 VIRTUAL FALL FORUM 15,000
    CENTRAL TEXAS FOOD BANK INC
    6500 METROPOLIS DR
    AUSTIN,TX78744     		NONE PC CHARITABLE - TO SUPPORT FOOD INSECURITY IN THE AFTERMATH OF THE WINTER STORM. 25,000
    CHINATI FOUNDATION
    PO BOX 1135
    MARFA,TX79843     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000
    CIBOLO CENTER FOR CONSERVATION
    140 CITY PARK ROAD
    BOERNE,TX78006     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000
    COMMUNITY FOUNDATION OF ABILENE
    PO BOX 1001
    ABILENE,TX79604     		NONE PC CHARITABLE - FOR THE JULIA JONES MATTHEWS FUND 250,000
    COMMUNITY FOUNDATION OF ABILENE
    PO BOX 1001
    ABILENE,TX79604     		NONE PC CHARITABLE - SUPPORT ABILENE FUND 50,000
    COMMUNITIES FOUNDATION OF TEXAS
    5500 CARUTH HAVEN LANE
    DALLAS,TX75225     		NONE PC CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADVOCACY FUND. 50,000
    CONNECTING TEXAS LIBRARIES STATEWIDE
    5806 MESA DRIVE SUITE 375
    AUSTIN,TX78731     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000
    CONSPIRARE
    1812 CENTRE CREEK DR STE 110
    AUSTIN,TX78754     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000
    DOWN HOME RANCH
    20250 FM 619
    ELGIN,TX78621     		NONE PC CHARITABLE - HORTICULTURE PROGRAM. 55,000
    FOUNDATION COMMUNITIES
    3000 S I-35 STE 300
    AUSTIN,TX78704     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 100,000
    FRIENDS OF LEE LIBRARY
    PO BOX 1549
    GLADEWATER,TX75647     		NONE PC CHARITABLE - FOR RENOVATION OF LEE LIBRARY 18,000
    FRIENDS OF THE TEXAS HISTORICAL COMMISSION
    PO BOX 13497
    AUSTIN,TX78711     		NONE PC CHARITABLE - TO SUPPORT THE PRESERVATION SCHOLARS PROGRAM. 10,000
    FRIENDS OF THE TEXAS HISTORICAL COMMISSION
    PO BOX 13497
    AUSTIN,TX78711     		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE 3D PRINTED MODEL PILOT. 16,000
    GAULT SCHOOL OF ARCHEOLOGICAL RESEARCH
    PO BOX 81563
    AUSTIN,TX78708     		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE GAULT SCHOOL OF ARCHAEOLOGICAL RESEARCH. 5,000
    THE GRACE MUSEUM
    102 CYPRESS
    ABILENE,TX79601     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 80,000
    GREATER AUSTIN CRIME COMMISSION
    815 BRAZOS ST SUITE 701
    AUSTIN,TX78701     		NONE PC GOVERNMENTAL - TO SUPPORT LEADERSHIP DEVELOPMENT WITHIN THE AUSTIN POLICE DEPARTMENT. 45,000
    GILBERT & SULLIVAN
    PO BOX 684542
    AUSTIN,TX78768     		NONE PC CHARITABLE - TO BE USED FOR THE SUMMER 2022 PRODUCTION. 10,000
    HILL COUNTRY ALLIANCE
    PO BOX 151675
    AUSTIN,TX78715     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000
    HILL COUNTRY CONSERVANCY
    PO BOX 163125
    AUSTIN,TX78716     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 80,000
    IC2 INSTITUTE
    2815 SAN GABRIEL STREET
    AUSTIN,TX78705     		NONE PC CHARITABLE - TO SUPPORT THE HOME TO TEXAS PROGRAM. 25,000
    LAND TRUST ALLIANCE
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE TEXAS LAND TRUST ADVANCEMENT INITIATIVE. 50,000
    LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN
    2616 WICHITA ST
    AUSTIN,TX78712     		NONE PC CHARITABLE - FOR AN UNDERWRITING SPONSORSHIP OF THE FILM TAKE PAINS, BE PERFECT. 15,000
    LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN
    2616 WICHITA ST
    AUSTIN,TX78712     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 1,200,000
    MD ANDERSON CANCER CENTER
    PO BOX 301439
    HOUSTON,TX77230     		NONE PC CHARITABLE - TO SUPPORT THE BREAST CANCER MOON SHOT PROGRAM. 100,000
    MINDPOP
    7112 BURNET RD UNIT B
    AUSTIN,TX78757     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT & TEXAS RURAL ARTS REGISTRY AND LANDSCAPE REPORT. 145,000
    OLD JAIL ART CENTER
    201 SOUTH 2ND STREET
    ALBANY,TX76430     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000
    PERMIAN BASIN AREA FOUNDATION
    3312 ANDREWS HWY
    MIDLAND,TX79703     		NONE PC CHARITABLE - TO SUPPORT WEST TEXAS FOOD BANKS. 25,000
    PERMIAN BASIN AREA FOUNDATION
    3312 ANDREWS HWY
    MIDLAND,TX79703     		NONE PC CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND. 300,000
    PHILANTHROPY ADVOCATES (TEGAC)
    1303 SAN ANTONIO STREET SUITE 830
    ABILENE,TX78701     		NONE PC CHARITABLE - TO SUPPORT EARLY GRADE SUCCESS AND PATHWAYS TO COLLEGE AND CAREER. 30,000
    PRESERVATION AUSTIN
    PO BOX 2113
    AUSTIN,TX78768     		NONE PC CHARITABLE - TO BE USED FOR PHASE 2 RENOVATIONS OF THE MCFARLAND HOUSE. 30,000
    PRINTAUSTIN COLLECTIVE
    916 SPRINGDALE ROAD BLDG 1 UNIT 218
    AUSTIN,TX78702     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 7,500
    PROJECT SCHOOLHOUSE
    PO BOX 609
    AUSTIN,TX78767     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000
    RETINA FOUNDATION
    9600 N CENTRAL EXPY SUITE 200
    DALLAS,TX75231     		NONE PC EDUCATION - TO BE USED TO SUPPORT THE DEVELOPMENT OF A CELL MODEL OF AGE-RELATED MACULAR DEGENERATION. 250,000
    RIDE ON CENTER FOR KIDS (ROCK)
    2050 ROCKRIDE LANE
    GEORGETOWN,TX78626     		NONE PC CHARITABLE - TO SUPPORT THE MIRACLES IN THE DIRT CAPITAL CAMPAIGN. 50,000
    SAN FRANCISCO ZEN CENTER
    300 PAGE STREET
    SAN FRANCISCO,CA94102     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 713
    SAN ANTONIO ZEN CENTER
    417 W WOODLAWN AVE
    SAN ANTONIO,TX78212     		NONE PC CHARITABLE - TO BE USED FOR THE POOL REMOVAL AND DOOR REPLACEMENT PROJECTS. 20,000
    SANTA FE CHAMBER MUSIC FESTIVAL
    PO BOX 2227
    SANTA FE,NM87504     		NONE PC CULTURAL - ANNUAL FUND DONOR CHALLENGE. 15,000
    SCENIC TEXAS
    PO BOX 6446
    AUSTIN,TX78762     		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE SCENIC CITIES CERTIFICATION PROGRAM. 15,000
    SCENIC TEXAS
    PO BOX 6446
    AUSTIN,TX78762     		NONE PC CHARITABLE - TO BE USED IN SUPPORT OF BUILDING OUT THE SCENIC CITIES LEADERS NETWORK. 75,000
    SERVICE DOGS INC
    4925 BELL SPRINGS RD
    DRIPPING SPRINGS,TX78620     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000
    SHOAL CREEK CONSERVANCY
    PO BOX 11520
    AUSTIN,TX78711     		NONE PC CHARITABLE - WATERSHED ACTION PLAN. 20,000
    SHUMLA ARCHAEOLOGICAL RESEARCH
    PO BOX 627
    COMSTOCK,TX78837     		NONE PC CHARITABLE - TO SUPPORT THE ALEXANDRIA PROJECT. 25,000
    SIGHTLINES
    1404-B KIRKWOOD ROAD
    AUSTIN,TX78722     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000
    SKYSTONE FOUNDATION
    28 S BEAVER STREET
    FLAGSTAFF,AZ86001     		NONE PC CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. 100,000
    ST JOHN'S COLLEGE
    1160 CAMINO CRUZ BLANCA
    SANTA FE,NM87505     		NONE PC EDUCATIONAL - TO SUPPORT FINANCIAL AID FOR THE STUDENTS ON THE SANTA FE CAMPUS. 500,000
    ST LOUISE HOUSE
    PO BOX 150637
    AUSTIN,TX78715     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000
    ST STEPHEN'S EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		NONE PC EDUCATIONAL - FOR THE CHRISTINE H. AUBREY ENDOWMENT FUND 75,000
    ST STEPHEN'S EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 500,000
    ST STEPHEN'S EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		NONE PC EDUCATIONAL - FOR THE ANNUAL FUND 38,640
    SUSTAINABLE FOOD CENTER
    2921 E 17TH ST BLDG C
    AUSTIN,TX78702     		NONE PC CHARITABLE - MAY GARDEN PARTY. 25,000
    SWEENY LIBRARY ASSOCIATION
    912 N VELASCO
    ANGLETON,TX77515     		NONE PC EDUCATIONAL - TO PURCHASE FURNITURE FOR THE SWEENY LIBRARY. 16,525
    TEXAN BY NATURE
    3500 JEFFERSON ST STE 301
    AUSTIN,TX78731     		NONE PC CHARITABLE - TO SUPPORT THE CONSERVATION PARTNERS PROGRAM. 100,000
    TEXAS ARCHEOLOGICAL RESEARCH LABORATORY
    601 UNIVERSITY DR
    SAN MARCOS,TX78666     		NONE PC CHARITABLE - TO BE USED TO SUPPORT TARL. 5,000
    TEXAS BEEF INITIATIVE
    PO BOX 189
    DRIPPING SPRINGS,TX78720     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000
    TEXAS BOOK FESTIVAL
    1023 SPRINGDALE RD
    AUSTIN,TX78721     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000
    TEXAS LAND TRUST COUNCIL
    PO BOX 2677
    WIMBERLEY,TX78676     		NONE PC CHARITABLE - FOR THE TRANSACTION MATCHING GRANT PROGRAM 25,000
    TEXAS PARKS & WILDLIFE
    4200 SMITH SCHOOL RD
    AUSTIN,TX78744     		NONE PC GOVERNMENTAL - FOR GENERAL OPERATING SUPPORT. 86
    TEXAS STATE HISTORY MUSEUM FOUNDATION
    PO BOX 12456
    AUSTIN,TX78711     		NONE PC EDUCATIONAL - FOR 2021 TEXAS INDEPENDENCE DAY DINNER. 35,000
    TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION
    601 UNIVERSITY DRIVE
    SAN MARCOS,TX78666     		NONE PC EDUCATIONAL - TO SUPPORT THE MUSICAL THEATER EXCELLENCE FUND. 30,000
    THE CONTEMPORARY AUSTIN MUSEUM INC
    700 CONGRESS AVE
    AUSTIN,TX78701     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000
    THE GRACE MUSEUM
    102 CYPRESS ST
    ABILENE,TX79601     		NONE PC CHARITABLE - TO HELP THE MUSEUM RECOVER FROM THE AFTERMATH OF WINTER STORM DAMAGE. 6,000
    THE SAFE ALLIANCE
    PO BOX 19454
    AUSTIN,TX78760     		NONE PC CHARITABLE - 2022 SAFE TOGETHER CELEBRATION. 10,000
    THE UNIVERSITY OF TEXAS - TEXAS ARCHEOLOGICAL RESEARCH LAB
    10100 BURNET ROAD PRC BLDG 5
    AUSTIN,TX78758     		NONE PC EDUCATIONAL - TO BE USED TO SUPPORT THE ARCHEOLOGY SUBDISCIPLINE. 5,000
    THE UNIVERSITY OF TEXAS - LAW SCHOOL FOUNDATION
    727 E DEAN KEETON ST
    AUSTIN,TX78705     		NONE PC EDUCATIONAL - FOR THE LOIS ANN STANTON ENDOWMENT FUND 25,000
    THE UNIVERSITY OF TEXAS - NEIGHBORHOOD LONGHORNS PROGRAM
    2109 SAN JACINTO BLVD STOP E1700
    AUSTIN,TX78712     		NONE PC EDUCATIONAL - FOR GENERAL OPERATING SUPPORT. 20,000
    TREEFOLKS
    PO BOX 1395
    DEL VALLE,TX78617     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000
    UNITED WAY OF ABILENE
    240 CYPRESS ST
    ABILENE,TX79601     		NONE PC CHARITABLE - TO HELP WITH UTILITY ASSISTANCE IN THE AFTERMATH OF THE WINTER STORM. 10,000
    WACO FOUNDATION
    1227 N VALLEY MILLS DR 235
    WACO,TX76710     		NONE PC CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADMINISTRATIVE FUND, BROADBAND, CONNECTED NATION TEXAS AND STRATEGIC PLANNING. 233,333
    WATERLOO GREENWAY CONSERVANCY
    1111 RED RIVER ST
    AUSTIN,TX78701     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 100,000
    WILDLIFE HABITAT FEDERATION
    PO BOX 75
    CAT SPRING,TX78933     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000
    WILLIAMSON COUNTY HISTORICAL MUSEUM
    716 S AUSTIN AVE
    GEORGETOWN,TX78626     		NONE PC CHARITABLE - IN SUPPORT OF THE GAULT FILM 170,000
    Total .................................bullet 3a 7,013,797
    bApproved for future payment
    ABILENE HERITAGE SQUARE
    PO BOX 1699
    ABILENE,TX79604     		NONE PC CULTURAL - TO SUPPORT THE REVITALIZATION PROJECT. 4,000,000
    AUSTIN CHAMBER MUSIC CENTER
    7600 BURNET ROAD SUITE 190
    AUSTIN,TX78757     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 20,000
    AUSTIN COMMUNITY FOUNDATION
    4315 GUADALUPE STREET SUITE 300
    AUSTIN,TX78751     		NONE PC CHARITABLE - TO SUPPORT THE ALL TOGETHER ATX FUND. 50,000
    BIG MEDIUM
    916 SPRINGDALE RD BLDG 2 101
    AUSTIN,TX78702     		NONE PC CHARITABLE - FOR THE GROWTH FUND. 50,000
    CONNECTING TEXAS LIBRARIES STATEWIDE
    5806 MESA DRIVE SUITE 375
    AUSTIN,TX78731     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000
    FRIENDS OF LEE LIBRARY
    PO BOX 1549
    GLADEWATER,TX75647     		NONE PC CHARITABLE - FOR RENOVATION OF LEE LIBRARY 18,000
    LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN
    2616 WICHITA ST
    AUSTIN,TX78712     		NONE PC CULTURAL - FOR THE ENDOWMENT CAMPAIGN. 2,000,000
    SAN FRANCISCO ZEN CENTER
    300 PAGE STREET
    SAN FRANCISCO,CA94102     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 1,000,000
    SKYSTONE FOUNDATION
    28 S BEAVER STREET
    FLAGSTAFF,AZ86001     		NONE PC CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. 300,000
    ST JOHN'S COLLEGE
    1160 CAMINO CRUZ BLANCA
    SANTA FE,NM87505     		NONE PC EDUCATIONAL - TO SUPPORT FINANCIAL AID FOR THE STUDENTS ON THE SANTA FE CAMPUS. 500,000
    ST STEPHEN'S EPISCOPAL SCHOOL
    6500 ST STEPHENS DRIVE
    AUSTIN,TX78746     		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 1,500,000
    SUSTAINABLE FOOD CENTER
    2921 E 17TH ST BLDG C
    AUSTIN,TX78702     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000
    TEXAS ARCHIVE OF THE MOVING IMAGE
    3908 AVENUE B SUITE 105
    AUSTIN,TX78751     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000
    TEXAS BEEF INITIATIVE
    PO BOX 189
    DRIPPING SPRINGS,TX78720     		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000
    THE UNIVERSITY OF TEXAS - BLANTON MUSEUM
    PO BOX 7458
    AUSTIN,TX78713     		NONE PC EDUCATIONAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 3,000,000
    Total .................................bullet 3b 12,523,000
    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 ...........     		    14 36,313  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -44,225  
    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 4,595,705  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME-UBI PORTION     		211110 428,528      
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 428,528 16,255,852 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    16,684,380
    (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 AccountingFeesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUDIT & TAX SERVICES 79,419 79,419   0
    ACCOUNTING SERVICES 117,376 99,769   17,607

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

    TY 2021 DepreciationSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    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
    COMPUTERS 2019-05-14 6,790 2,264 SL 5.000000000000 1,358 0    
    FURNITURE AND FIXTURES 2019-06-03 48,525 7,683 SL 10.000000000000 4,852 0    
    LEASEHOLD IMPROVEMENTS 2019-06-11 80,614 8,509 SL 15.000000000000 5,374 0    
    DUPLEX LAND 2020-01-21 931,974   L   0 0    
    OFFICE BUILDING LAND 2020-01-21 1,015,256   L   0 0    
    RESTAURANT LAND 2020-01-21 1,070,778   L   0 0    
    DUPLEX BUILDING 2020-01-21 412,659 9,457 SL 40.000000000000 10,316 10,316    
    OFFICE BUILDING 2020-01-21 310,140 7,107 SL 40.000000000000 7,754 7,754    
    RESTAURANT BUILDING 2020-01-21 252,435 5,785 SL 40.000000000000 6,311 6,311    
    DUPLEX HVAC 2020-05-27 26,700 389 SL 40.000000000000 667 667    
    DUPLEX IMPROVEMENTS 2020-10-12 9,600 60 SL 40.000000000000 240 240    
    OFFICE BUILDING HVAC 2020-04-02 24,720 464 SL 40.000000000000 618 618    
    OFFICE BUILDING FOUNDATION 2020-10-12 14,420 90 SL 40.000000000000 361 361    

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Name of Bond End of Year Book Value End of Year Fair Market Value
    2.5% BASF 17-22 NTS-S-SERIES 33 01/22 220,176 220,176
    .55% SKANDINAVISKA ENSKILDA BANKEN 20-23 NTS-S 09/23 198,907 198,907
    .375% ESM 20-25 NTS-S 09/25 194,200 194,200
    UNITED STATES OF AMER TREAS BONDS 2.375% 215,746 215,746
    US TREASURY NT 1.625% 08/22 504,453 504,453
    US TREASURY NT 1.375% 08/23 505,859 505,859

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES 208,296 208,296
    ADYEN GROUP 252,392 252,392
    AERCAP HOLDINGS 245,260 245,260
    AIA GROUP LIMITED 114,968 114,968
    AIR PROD & CHEMICALS 121,704 121,704
    AKAMAI TECHNOLOGIES 117,040 117,040
    ALCON INC 236,905 236,905
    ALPHABET INC. 741,395 741,395
    AMAZON.COM INC 630,190 630,190
    AMPHENOL CORP 174,880 174,880
    ANTOFAGASTA 447,263 447,263
    AON PLC 262,977 262,977
    AP MOLLER - MAERSK 1,042,429 1,042,429
    APPLE INC 484,766 484,766
    APTIV PLC 163,960 163,960
    ASAHI GROUP HOLDINGS 124,404 124,404
    AXON ENTERPRISE 62,800 62,800
    BALL CORP 136,703 136,703
    BANK OF AMERICA CORP 158,829 158,829
    BARRY CALLEBAUT - NAMEN 97,182 97,182
    BHP GROUP PLC 569,623 569,623
    BLACK KNIGHT INC 97,810 97,810
    BLOCK INC 135,022 135,022
    BNP PARIBAS 841,919 841,919
    CATALENT INC 102,680 102,680
    CHR.HANSEN 63,605 63,605
    CINTAS CORP 155,109 155,109
    CLARIVATE PLC 227,650 227,650
    COCA-COLA US 281,263 281,263
    COLGATE-PALMOLIVE CO 78,513 78,513
    COMMERZBANK AG 575,865 575,865
    COMPASS GROUP PLC 754,090 754,090
    CULLEN FROST BANKERS 131,113 131,113
    DANAHER CORP 371,781 371,781
    DANONE 387,872 387,872
    DEUTSCHE BANK AG 593,893 593,893
    DIAGEO 273,336 273,336
    DORMAKABA HOLDING 86,016 86,016
    ECOLAB INC 100,874 100,874
    EMERSON ELECTRIC CO 97,619 97,619
    ESSILORLUXOTTICA 540,333 540,333
    EUROFINS SCIENTIFIC SE 676,642 676,642
    EXPERIAN PLC ORD 196,780 196,780
    FRANKLIN ELECTRIC CO 78,485 78,485
    GALENICA - NAMEN 90,187 90,187
    GEBERIT - NAMEN 163,403 163,403
    GIVAUDAN AG - NAMEN 267,944 267,944
    GLAXOSMITHKLINE 513,674 513,674
    GOLDEN OCEAN GROUP LTD 429,331 429,331
    HALOZYME THERAPEUTIC 244,115 244,115
    HOME DEPOT INC 244,856 244,856
    HONEYWELL INTERNATIONAL INC 339,896 339,896
    HONG KONG EXCHANGES & CLEARING 192,845 192,845
    INTESA SANPAOLO S.P.A. 569,148 569,148
    INTUIT INC 147,964 147,964
    INTUITIVE SURGICAL, INC. 183,179 183,179
    IQVIA HOLDINGS INC 203,705 203,705
    ISHARES MSCI ALL COUNTRY ASIA EX JAPAN EFT 137,282 137,282
    JOHNSON & JOHNSON 102,642 102,642
    JPMORGAN CHASE & CO 380,810 380,810
    KERING 567,981 567,981
    KEYENCE CORPORATION 251,278 251,278
    KIMBERLY-CLARK CORP 70,031 70,031
    KUHNE & NAGEL INTERNATIONAL - NAMEN 58,099 58,099
    L3HARRIS TECHNOLOGIES INC 91,693 91,693
    LEGRAND SA 551,869 551,869
    LINDE PLC 229,307 229,307
    LINDT & SPRUNGLI - PS 235,402 235,402
    LITHIA MOTORS INC 208,162 208,162
    LKCM SMALL CAP EQUITY 158,000 158,000
    LKCM SMALL MID CAP EQUITY 150,439 150,439
    LLOYDS BANKING GROUP 659,614 659,614
    LOGITECH INTERNATIONAL - NAMEN 44,673 44,673
    LONZA GROUP - NAMEN 187,874 187,874
    LONZA GROUP AG 268,009 268,009
    LVMH MOET HENNESSY VUITTON 285,147 285,147
    MARTIN MARIETTA MATERIALS 359,905 359,905
    MCCORMICK & CO - NON-VOTING 86,949 86,949
    MEDTRONIC PLC 45,518 45,518
    MERCK & CO 38,320 38,320
    META PLATFORMS 117,723 117,723
    METTLER TOLEDO INTERNATIONAL 118,805 118,805
    MICROSOFT CORP 850,851 850,851
    MOODY'S CORP 199,196 199,196
    MORNINGSTAR 97,467 97,467
    NATIONAL INSTRUMENTS 71,619 71,619
    NESTLE 686,776 686,776
    NETFLIX 147,628 147,628
    NEXT 259,419 259,419
    NIKE INC 156,670 156,670
    NOVARTIS - NAMEN 220,042 220,042
    NOVO NORDISK A/S 248,410 248,410
    NVIDIA 139,996 139,996
    PALO ALTO NETWORKS 220,477 220,477
    PAYPAL HOLDINGS INC 307,385 307,385
    PEPSICO INC 121,597 121,597
    PERKINELMER INC 299,579 299,579
    PROCTER & GAMBLE 76,883 76,883
    PSI SOFTWARE AG 584,267 584,267
    RECRUIT HOLDINGS CO LTD 236,427 236,427
    ROCHE HOLDING - GS 303,413 303,413
    ROCKWELL AUTOMATION 111,632 111,632
    ROPER TECHNOLOGIES 78,698 78,698
    S&P GLOBAL INC 207,616 207,616
    SALESFORCE.COM 302,669 302,669
    SAP SE 580,795 580,795
    SCHINDLER HOLDING 67,290 67,290
    SGS - NAMEN 66,813 66,813
    SHENZHOU INTERNATIONAL HOLDINGS GROUP 109,412 109,412
    SHIMANO INC 159,812 159,812
    SIG COMBIBLOC GROUP - NAMEN 94,906 94,906
    SIGNATURE BANK 80,544 80,544
    SIKA - NAMEN 250,104 250,104
    SOFTWAREONE HOLDING - NAMEN 75,825 75,825
    SOITEC SA 604,983 604,983
    SONY CORPORATION 314,542 314,542
    SOUTHWEST AIRLINES 250,014 250,014
    SPDR GOLD TRUST 256,395 256,395
    STMICROELECTRONICS 541,019 541,019
    SWATCH GROUP 289,963 289,963
    SWISSCOM - NAMEN 141,048 141,048
    TAIWAN SEMICONDUCTOR MANUFACTURING 240,630 240,630
    TELEDYNE TECHNOLOGIES 61,165 61,165
    TEMENOS 479,241 479,241
    THERMO FISHER SCIENTIFIC INC 567,238 567,238
    TRACTOR SUPPLY CO 186,108 186,108
    TRIMBLE INC 174,380 174,380
    UNILEVER 66,109 66,109
    UNION PACIFIC CORP 131,004 131,004
    UNIVERSAL MUSIC GROUP 495,892 495,892
    US BANCORP 115,149 115,149
    VESTAS WIND SYSTEMS 91,415 91,415
    VF CORP 68,827 68,827
    VISA INC 322,878 322,878
    VOLKSWAGEN AG 418,017 418,017
    WALT DISNEY CO 277,718 277,718
    WASTE CONNECTIONS INC 128,094 128,094
    WASTE MANAGEMENT 105,982 105,982
    WELLS FARGO & CO 239,708 239,708
    ZIONS BANCORP 129,478 129,478
    ZOETIS INC 231,829 231,829
    FIRST BANCSHARES OF TX 743,750 743,750
    RECEPTOR LOGIC INC. 110,012 110,012
    AMEN PROPERTIES INC. 106,575 106,575

    TY 2021 InvestmentsLandSchedule2
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    DUPLEX LAND 931,974 0 931,974  
    OFFICE BUILDING LAND 1,015,256 0 1,015,256  
    RESTAURANT LAND 1,070,778 0 1,070,778  
    DUPLEX BUILDING 412,659 19,773 392,886  
    OFFICE BUILDING 310,140 14,861 295,279  
    RESTAURANT BUILDING 252,435 12,096 240,339  
    DUPLEX HVAC 26,700 1,056 25,644  
    DUPLEX IMPROVEMENTS 9,600 300 9,300  
    OFFICE BUILDING HVAC 24,720 1,082 23,638  
    OFFICE BUILDING FOUNDATION 14,420 451 13,969  

    TY 2021 InvestmentsOtherSchedule2
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ANCOR PLEDGE FUND VI, LLC FMV 1,257,112 1,257,112
    ANCOR PLEDGE FUND VII, LLC FMV 8,557,016 8,557,016
    ANCOR PLEDGE FUND IX, LLC FMV 2,114 2,114
    ANCOR PLEDGE FUND XI, LLC FMV 441,728 441,728
    ANCOR PLEDGE FUND XII, LLC FMV 349,241 349,241
    ARTIS VENTURES XII SPV, LP FMV 979,361 979,361
    CENTRAL PARK-91, LTD. FMV 111,460 111,460
    DJ-LEGACY PARTNERS FMV 8,991,137 8,991,137
    DJ-PEI PARTNERS FMV 4,330,269 4,330,269
    DORCHESTER MINERALS FMV 395,800 395,800
    DOS RIOS PARTNERS, LP FMV 1,340,563 1,340,563
    DOS RIOS PARTNERS - A, LP FMV 1,341,295 1,341,295
    ENCAP ENERGY CAPITAL FUND VI-B, FMV 5,082 5,082
    ENCAP ENERGY CAPITAL FUND VII-B FMV 33,766 33,766
    FREESTONE METALS PARTNERS, LP FMV 48,400 48,400
    HOG PARTNERSHIP LP FMV 280,767 280,767
    MDJ MINERALS LLP FMV 47,500,000 47,500,000
    N3 OPPORTUNITY FUND I, LP FMV 20,627 20,627
    PENNYBACKER III, LP FMV 132,494 132,494
    PENNYBACKER IV, LP FMV 809,667 809,667
    SFF ROYALTY, LLC FMV 10,403 10,403
    TRI ALPHA (BI ALTERENERGY LLC) FMV 9,500,802 9,500,802

    TY 2021 LandEtcSchedule2
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS 6,790 3,622 3,168  
    FURNITURE AND FIXTURES 48,525 12,535 35,990  
    LEASEHOLD IMPROVEMENTS 80,614 13,883 66,731  


    TY 2021 LegalFeesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL GOVERNANCE & COUNSEL 650,780 587,288   63,492


    TY 2021 OtherAssetsSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRECIOUS METALS 791,675 761,880 761,880
    PREPAID TAX 102,248 32,278 32,278
    FEDERAL TAXES RECEIVABLE 25,000 0 0
    NET ORGANIZATIONAL COSTS 13,228 12,282 12,282
    ACCRUED FINAL DISTRIBUTION 0 3,955 3,955


    TY 2021 OtherDecreasesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Amount
    NON-DEDUCTIBLE EXPENSES 8,016
    AT-RISK LIMITATION - DJ-PEI 1,249


    TY 2021 OtherExpensesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 390,081 390,081   0
    INSURANCE 59,333 59,333   0
    DUES & SUBSCRIPTIONS 15,091 15,091   0
    CONTRACT LABOR 140 140   0
    MISCELLANEOUS 4,030 4,030   0
    OFFICE EXPENSE 6,059 6,059   0
    COMPUTER & TECHNOLOGY 5,234 5,234   0
    INSURANCE - RENTAL 21,345 21,345   0
    REPAIRS & MAINTENANCE - RENTAL 8,241 8,241   0
    DUES & SUBSCRIPTIONS - RENTAL 480 480   0
    COMMISSIONS PAID - RENTAL 38,048 38,048   0
    MANAGEMENT FEES - RENTAL 11,120 11,120   0
    MISCELLANEOUS - RENTAL 1,040 1,040   0
    OFFICE EXPENSE - RENTAL 114 114   0


    TY 2021 OtherIncomeSchedule2
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 10,988,143 10,988,143 10,988,143
    PARTNERSHIP INCOME-UBI PORTION 428,528 0 428,528


    TY 2021 OtherIncreasesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Amount
    UNREALIZED GAIN/LOSS ON INVESTMENTS 10,089,638
    TAX-EXEMPT INCOME 220,203
    PERCENTAGE DEPLETION IN EXCESS OF BASIS 40,371
    ND TAX REFUND IN PASSTHROUGH BASIS 78
    DEPLETION W/ BASIS NOT INCLUDED IN PARTNERSHIP BOOK INCOME 1,919


    TY 2021 OtherLiabilitiesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 720 1,172
    SECURITY DEPOSITS HELD 13,276 13,276
    NEGATIVE BASIS IN WESTECH VENTURES I 1,075 1,080


    TY 2021 OtherNotesLoansRcvblShortSch2
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Name of 501(c)(3) Organization Balance Due
    SAN FRANCISCO ZEN CENTER
          		522,499
    TEXAS PARKS & WILDLIFE FOUNDATION
          		250,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES - RENTAL 36,283 36,283   0


    TY 2021 TaxesSchedule
    Name:
    STILL WATER FOUNDATION II
     
    C/O PERSONAL ADMINISTRATORS INC
    EIN:
    47-3532637
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INCOME & EXCISE TAX 168,682 0   0
    STATE TAXES 607 0   0
    FOREIGN TAX WITHHELD 84,298 0   0
    PAYROLL TAXES 26,140 5,230   20,910
    PROPERTY TAXES - RENTAL 76,595 76,595   0