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

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE SUMNERS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2201 WEST ROYAL LANE 100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
IRVING, TX75063
A Employer identification number

75-2734032
B Telephone number (see instructions)

(214) 220-2128
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$72,072,117J 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) 49,995
2 Check bullet.............
3 Interest on savings and temporary cash investments 354,936 354,936  
4 Dividends and interest from securities... 2,669,676 2,669,676  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 849,946
b Gross sales price for all assets on line 6a 4,666,804
7 Capital gain net income (from Part IV, line 2)... 849,946
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 1,116,772 593,315  
12 Total. Add lines 1 through 11........ 5,041,325 4,467,873  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 632,399 94,860   537,540
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 150,400 22,560   127,840
16a Legal fees (attach schedule)......... Click to see attachment 8,328 2,082   6,246
b Accounting fees (attach schedule)....... Click to see attachment 34,858 8,715   26,144
c Other professional fees (attach schedule).... Click to see attachment 3,850 963   2,888
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 96,043 5,762   31,858
19 Depreciation (attach schedule) and depletion... Click to see attachment 79,471 34,263  
20 Occupancy.............. 43,239 10,810   32,429
21 Travel, conferences, and meetings....... 11,027 2,758   8,269
22 Printing and publications.......... 6,715 1,679   5,036
23 Other expenses (attach schedule)....... Click to see list of attachments 558,382 195,339   77,948
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,624,712 379,791   856,198
25 Contributions, gifts, grants paid....... 2,232,036 2,232,036
26 Total expenses and disbursements. Add lines 24 and 25 3,856,748 379,791   3,088,234
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,184,577
b Net investment income (if negative, enter -0-) 4,088,082
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............. 907,462 817,006 817,006
2 Savings and temporary cash investments......... 1,611,765 3,060,283 3,060,283
3 Accounts receivable bullet34,711
Less: allowance for doubtful accounts bullet   113,530 34,711 34,711
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 21,629 14,377 14,377
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 30,683,652 Click to see attachment35,594,641 35,594,641
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet279,402
Less: accumulated depreciation (attach schedule) bullet   279,402 Click to see attachment279,402 279,402
12 Investments—mortgage loans............. 2,509,914 418,612 418,612
13 Investments—other (attach schedule).......... 32,526,376 Click to see attachment31,819,723 31,819,723
14 Land, buildings, and equipment: basis bullet36,219
Less: accumulated depreciation (attach schedule) bullet2,857 10,883 Click to see attachment33,362 33,362
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,664,613 72,072,117 72,072,117
Liabilities 17 Accounts payable and accrued expenses.......... 60,927 169
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment167,649 Click to see attachment145,831
23 Total liabilities (add lines 17 through 22)......... 228,576 146,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 68,436,037 71,926,117
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)..... 68,436,037 71,926,117
30 Total liabilities and net assets/fund balances (see instructions). 68,664,613 72,072,117
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
68,436,037
2
Enter amount from Part I, line 27a .....................
2
1,184,577
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,305,503
4
Add lines 1, 2, and 3 ..........................
4
71,926,117
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
71,926,117
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 VANGUARD INSTL INDEX FUND P 2010-11-20 2021-05-01
b AMERRA PIPELINE CAPITAL P 2010-11-20 2021-05-01
c TIDELAND ROYALTY P 2010-11-20 2021-05-01
d FIXED ASSETS P 2010-11-20 2021-05-01
e
(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 4,358,789   1,997,255 2,361,534
b 49,300   1,550,339 -1,501,039
c 175,356   180,481 -5,125
d 83,359   88,783 -5,424
e
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       2,361,534
b       -1,501,039
c       -5,125
d       -5,424
e
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 2 849,946
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 56,824
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 56,824
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 64,047
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 64,047
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,223
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,223 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SUMNERSFOUNDATION.ORG
    14
    The books are in care ofbulletCHARLES PIERSON Telephone no.bullet (214) 220-2128

    Located atbullet2201 WEST ROYAL LANE 100IRVINGTX ZIP+4bullet75063
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DAVID G DRUMM Treasurer
    2.00     		15,650    
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    JERRY D REIS Chairman
    2.00     		21,000    
    6012 W CAMPUS CIRCLE DR 210
    IRVING,TX75063
    LON R WILLIAMS VICE CHAIRMAN
    2.00     		24,000    
    2501 N HARWOOD SUITE 1900
    DALLAS,TX75201
    SCOTT M HIGGINBOTHAM Director
    2.00     		20,000    
    125 BELLAIRE AVENUE
    DUMAS,TX79029
    WILLIAM W MEADOWS Director
    2.00     		10,000    
    421 W 3RD STREET SUITE 800
    FORT WORTH,TX76102
    MIKE MCELROY-thru 112021 Controller
    40.00     		117,867 29,936  
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    BETH VAN DUYNE Secretary
    2.00     		0    
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    BRANT C MARTIN Director
    2.00     		12,500    
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    T Charles Pierson Executive Dir.
    40.00     		245,000 74,132  
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    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
    JANEMARIE CLARK EXEC. ASSISTANT
    40.00     		62,723 21,061  
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    EILEEN RESNIK PROGRAM DIRECTOR
    40.00     		98,039 39,814  
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    33,624,608
    b
    Average of monthly cash balances.......................
    1b
    3,322,651
    c
    Fair market value of all other assets (see instructions)................
    1c
    31,734,621
    d
    Total (add lines 1a, b, and c).........................
    1d
    68,681,880
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    68,681,880
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,030,228
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    67,651,652
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,382,583
    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
    3,382,583
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    56,824
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    56,824
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,325,759
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,325,759
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    3,325,759
    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 3,325,759
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 3,073,796
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,088,234
    a Applied to 2020, but not more than line 2a 3,073,796
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 14,438
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		3,311,321
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHARLES PIERSON
    2201 WEST ROYAL LANE 100
    IRVING,TX75063
    (214) 220-2128
    CHARLES@SUMNERSFOUNDATION.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.
    cAny submission deadlines:
    VARIOUS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.
    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
    BIG BROTHERS BIG SISTERS LONESTAR
    450 E JOHN CARPENTER FWY
    IRVING,TX75062     		NONE PC bigs in blue 25,000
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE
    WASHINGTON,DC20009     		NONE PC SCHOLARSHIPS TO ATTEND 2022 TFAS DC SUMMER PROGRAM 70,000
    HOWARD PAYNE UNIVERSITY
    1000 FISK STREET
    BROWNWOOD,TX76801     		NONE PC CAMPUS AND COMMUNITY 4,173
    LAW FOCUSED EDUCSTATE BAR OF TEXAS
    14651 DALLAS PKWY
    DALLAS,TX75254     		NONE PC TEXAS CITIZEN BEE AND CIVIC TRAINERS 203,255
    NEW MEXICO FIRST
    505 MARQUETTE AVE
    ALBUQUERQUE,NM87102     		NONE PC THROUGH A NEW LENS PROGRAM 20,000
    OCU SCHOOL OF LAW
    800 N HARVEY AVE
    OKLAHOMA CITY,OK73102     		NONE PC SCHOLARSHIPS 257,500
    PHILANTHROPY ROUNDTABLE
    1730 M STREET NM
    WASHINGTON,DC20036     		NONE PC GENERAL SUPPORT AND ALLIANCE FOR CHARITABLE REFORM 10,000
    SCHREINER UNIVERSITY
    2100 SAN ANTONIO HWY
    KERRVILLE,TX78028     		NONE PC SUMNERS SCHOLARSHIP PROGRAM 9,100
    SMU-DEDMAN SCHOOL OF LAW
    PO BOX 750100
    DALLAS,TX75275     		NONE PC SUMNERS SCHOLARSHIP PROGRAM 200,000
    TEXAS CHRISTIAN UNIVERSITY
    2800 S UNIVERSITY DR
    FORT WORTH,TX76129     		NONE PC TCU WASHINGTON INTERNSHIP PROGRAM 10,000
    TEXAS WESLEYAN UNIVERSITY
    1201 WESLEYAN ST
    FORT WORTH,TX75105     		NONE PC SUMNERS SCHOLARSHIP ENDOWMENT 8,500
    UNIVERSITY OF DALLAS
    1845 E NORTHGATE DR
    IRVING,TX75062     		NONE PC SUMNERS SCHOLARSHIP PROGRAMS 80,000
    UNIVERSITY OF NORTH TEXAS FOUNDATION
    1155 UNION CIRCLE
    DENTON,TX76203     		NONE PC SUPPORT FOR GEORGE R. CARPENTER ENDOWED SCHOLARSHIP 10,000
    YMCA ALBUQUERQUE CENTRAL NM
    4701 MONTANO RD NM
    ALBUQUERQUE,NM87120     		NONE PC YOUTH AND GOVERNMENT 10,000
    YMCA OKLAHOMA CITY
    100 W MAIN ST
    OKLAHOMA CITY,OK73102     		NONE PC YOUTH AND GOVERNMENT 100,000
    AUSTIN COLLEGE
    900 N GRAND AVE
    SHERMAN,TX75090     		NONE PC CONSTITUTION DAY PROGRAM ON CAMPUS 3,000
    TEXAS TRIBUNE
    823 CONGRESS AVE
    AUSTIN,TX78701     		NONE PC TRIBUNE EVENTS AND FESTIVAL 50,000
    WORLD AFFAIRS COUNCIL
    325 NORTH ST PAUL STREET 4200
    DALLAS,TX75201     		NONE PC SUMNERS CIVICS LECTURES 6,000
    FIRST LIBERTY INSTITUTE
    2001 PLANO PARKWAY 1600
    PLANO,TX75075     		NONE PC INTERNSHIP PRORAM FOR SUMNERS SCHOLARS 7,500
    BRAVER ANGELS
    733 THIRD AVENUE FL 16
    NEW YORK,NY10017     		NONE PC YOUTH PROGRAMS 90,000
    CERTELL INC
    2201 E 46TH ST 302
    INDIANAPOLIS,IN46205     		NONE PC DEMOCRACY REFORM 7,000
    NATIONAL CONSTITUTION CENTER
    525 ARCH ST
    PHILADELPHIA,PA19106     		NONE PC CONSTITUTIONAL EDUCATION SUPPORT 25,000
    SAN ANTONIO REPORT
    126 GONZALES ST 100
    SAN ANTONIO,TX78205     		NONE PC GENERAL SUPPORT 15,000
    TEXAS PUBLIC POLICY FOUNDATION
    901 CONGRESS AVENUE
    AUSTIN,TX78701     		NONE PC GENERAL SUPPORT 35,000
    YMCA OF AUSTIN
    55 NORTH IH-35
    AUSTIN,TX78705     		NONE PC TEXAS YOUTH AND GOVERNMENT 175,000
    CONSTITUTIONAL RIGHTS FOUNDATION
    601 S KINGSLEY DR
    LOS ANGELES,CA90005     		NONE PC GENERAL SUPPORT 15,000
    CIVICS UNPLUGGED
    335 MADISON AVE
    NEW YORK,NY10017     		NONE PC YOUTH DEVELOPMENT IN CIVIC EDUCATION 31,250
    CONSTITUTING AMERICA
    PO BOX 1988
    COLLEYVILLE,TX76034     		NONE PC YOUTH DEVELOPMENT IN CIVIC EDUCATION 10,000
    FORT WORTH REPORT
    2003 8TH AVE 300
    FORT WORTH,TX76110     		NONE PC GENERAL SUPPORT 20,000
    INTERNATIONAL LITERACY DEVELOPMENT
    PO BOX 383153
    DUNCANVILLE,TX75138     		NONE PC ROHINGYA LANGUAGE AND LITERACY PROGRAM 10,000
    LEADERSHIP OKLAHOMA
    3037 NW 63RD ST 104
    OKLAHOMA CITY,OK73116     		NONE PC YOUTH LEADERSHIP 5,000
    LIBERTAS ACADEMY-SCORRO ISD
    12101 PELLICANO DR
    EL PASO,TX79936     		NONE GOV LIBERTAS CIVICS CAMP 6.0 15,000
    NATIONAL ARCHIVES FOUNDATION
    700 PENNSYLVANIA AVENUE NW
    WASHINGTON,DC20408     		NONE PC TEACHING THE FOUNDING DOCUMENTS PROGRAM 25,000
    PRAGER UNIVERSITY
    15021 VENTURA BLV 552
    SHERMAN OAKS,CA91403     		NONE PC PRAGER U KIDS PROGRAM 25,000
    RONALD REAGAN PRESIDENTIAL FOUNDATI
    40 PRESIDENTIAL DRIVE
    SIMI VALLEY,CA93065     		NONE PC REGIONAL GREAT COMMUNICATOR DEBATE SERIES COMPETITION 15,000
    TEXAS FFA FOUNDATION
    614 E 12TH ST
    AUSTIN,TX78701     		NONE PC 2022 LEGISLATIVE LEAD 50,000
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVE NE
    WASHINGTON,DC20002     		NONE PC IMPROVING CIVICS EDUCATION 25,000
    THE JAMES MADISON EDUCATION FUND
    1613 DUKE ST
    ALEXANDRIA,VA22314     		NONE PC FEDERICK DOUGLASS-JAMES MADISON FELLOWSHIP 20,000
    THE JAMES MADISON INSTITUTE
    100 N DUVAL ST
    TALLAHASSEE,FL32301     		NONE PC CIVICS EDUCATION PROJECT 47,500
    THE POLICY CIRCLE
    1189 WILMETTE AVE 210
    WILMETTE,IL60091     		NONE PC TEXAS STATE LEADERSHIP COUNCIL & TEXAS OUTREACH 15,000
    US ASSN OF FORMER MEMBERS OF CONGRE
    1401 K STREET NW
    WASHINGTON,DC20005     		NONE PC SCHOLARSHIP ENHANCEMENT PROGRAM 50,000
    LUCY BURNS INSTITUTE DBA BALLOTPEDI
    8383 GREENWAY BLVD 600
    MIDDLETON,WI53562     		NONE PC SUMMER BALLOTPEDIA FELLOWSHIP 20,000
    AMERICAN LEGION TEXAS BOYS STATE
    PO BOX 140527
    AUSTIN,TX78714     		NONE PC GENERAL SUPPORT 30,000
    VALUES THROUGH HISTORY
    1419 SUGAR CREEK BLVD
    SUGAR LAND,TX77478     		NONE PC GENERAL SUPPORT 27,500
    AMERICAN LEGION TEXAS GIRLS STATE
    PO BOX 140407
    AUSTIN,TX78714     		NONE PC GENERAL SUPPORT 17,500
    THE STEAMBOAT INSTITUTE
    PO BOX 883037
    STEAMBOAT SPRINGS,CO80488     		NONE PC GENERAL SUPPORT 12,500
    WILEY COLLEGE
    711 WILEY AVE
    MARSHALL,TX75670     		NONE PC GENERAL SUPPORT 6,250
    THE INDEPENDENT INSTITUTE
    100 SWAN WAY
    OAKLAND,CA94621     		NONE PC GENERAL SUPPORT 5,000
    NANCY LIEBERMAN CHARITIES
    PO BOX 261233
    PLANO,TX75026     		NONE PC GENERAL SUPPORT 28,750
    AMERICAN PROMISE
    330 BRADFOR STREET
    CONCORD,MA01742     		NONE PC GENERAL SUPPORT 7,500
    VOTE SMART
    1153 24TH STREET
    DES MOINES,IA50311     		NONE PC GENERAL SUPPORT 6,250
    AMERICAN CIVICS AND HISTORY INITIAT
    3 BALA PLAZA WEST 401
    BALA CYNWYD,PA19004     		NONE PC GENERAL SUPPORT 22,500
    THE NATIONAL ARCHIVES
    7000 PENNSYLVANIA AVE NW
    WASHINGTON,DC20408     		NONE GOV GENERAL SUPPORT 18,750
    GILDER LEHRMAN INSTITUTE OF AM HIST
    49 WEST 45TH STREET
    NEW YORK,NY10036     		NONE PC GENERAL SUPPORT 26,250
    28 SCHOLARSHIPS GIVEN
    2201 WEST ROYAL LANE 100
    IRVING,TX75063     		  I EDUCATIONAL SCHOLARSHIPS 193,508
    Total .................................bullet 3a 2,232,036
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 354,936  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property...... 531120 144,716      
    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 ............     		        849,946
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOIL & GAS ROYALTIES     		    15 593,315  
    bPass Through UBI from K-1 531120 48,441      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 193,157 3,617,927 849,946
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,661,030
    (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: 21013475
    Software Version: 2021v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 34,858 8,715 0 26,144

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    LAZARD INTERNATIONAL STRATEGY 4,342,754 4,342,754
    FEDERATED HERMES ULTRASHORT BOND INST 27,080 27,080
    JANUS HENDERSON FUNDS ENTERPRISE 1 7,411,655 7,411,655
    MGD PORTFOLIO SERIES NUANCE 5,460,554 5,460,554
    VANGUARD INST INDEX INST 5,233,862 5,233,862
    VANGUARD SM CAP INDEX ADMIRAL 4,477,064 4,477,064
    WILLIAM BLAIR FUNDS EMRG MKTS SM CAP 3,740,456 3,740,456
    INVESCO EXCHANGE TRADED S&P 500 4,901,216 4,901,216

    TY 2021 InvestmentsLandSchedule2
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Land 279,402   279,402 279,402

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMERRA AGRI FUND II LP FMV 1,122,106 1,122,106
    WHITEBOX MULTI STRATEGY FUND FMV 4,682,462 4,682,462
    ML-K-18-WP TRUST IV FMV 49,453 49,453
    LINX FUND I LP FMV 7,609,917 7,609,917
    CAPITAL ROY PARTNERS II FMV 87,424 87,424
    ORRI GULF OF MEXICO FMV 401,830 401,830
    ORRI OFFSHORE #2 FMV 1,535 1,535
    ORRI OKLAHOMA #1 FMV 442,170 442,170
    ORRI OKLAHOMA #2 FMV 162,866 162,866
    ORRI KANSAS #1 FMV 25,949 25,949
    ORRI LOUISIANA #1 FMV 20,473 20,473
    ORRI OKLAHOMA #3 FMV 33,565 33,565
    ORRI NM #1 FMV 9,422 9,422
    ORRI TEXAS #4 FMV 77,627 77,627
    ORRI LOUISIANA #5 FMV 89 89
    ORRI LOUISIANA # 3 FMV 15,344 15,344
    ORRI NM #2 FMV 113 113
    ORRI TEXAS #2 FMV 39,265 39,265
    ORRI TEXAS #1 FMV 67,666 67,666
    ORRI TEXAS #5 FMV 12,489 12,489
    ORRI KANSAS #2 FMV 64,629 64,629
    ORRI WYOMING #1 FMV 286,823 286,823
    MADISON 1600 VICEROY FMV 745,479 745,479
    HERITAGE OFFICE BUILDING (PAR CAPITAL) FMV 577,480 577,480
    PINNACLE IV FMV 2,177,832 2,177,832
    AMERRA AGRI FUND III FMV 1,401,781 1,401,781
    HACKBERRY CREEK FMV 1,419,647 1,419,647
    MADISON, LLC FMV 2,205,300 2,205,300
    AMERRA AGR FUND II ANNEX FMV 784,544 784,544
    PINNACLE V LP FMV 1,637,030 1,637,030
    PARR CAPITAL 122 WEST FMV 2,693,869 2,693,869
    AMERRA PIPELINE CAPITAL FMV 2,500 2,500
    MANOR RV PARK LLC FMV 293,657 293,657
    ENNIS BLDG-PAR CAPITAL FMV 1,218,373 1,218,373
    PAR CAPTIAL-GATEWAY LLC FMV 1,162,751 1,162,751
    ORRI TEXAS #6 FMV 286,263 286,263

    TY 2021 LandEtcSchedule2
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 36,219 2,857 33,362 33,362


    TY 2021 LegalFeesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    legal fees 8,328 2,082 0 6,246


    TY 2021 OtherExpensesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Amortization 24,467      
    INFORMATION TECHNOLOGY 33,813 8,453   25,360
    INSURANCE 38,183 9,546   28,637
    INVESTMENT EXPENSES 89,286 89,286    
    MANAGEMENT FEES 80,079 80,079    
    MISCELLANEOUS 2,235 551   1,680
    office supplies 10,838 2,710   8,129
    OIL & GAS MAINTENANCE 7,951 1,988   5,963
    POSTAGE 2,497 624   1,873
    Rental Expenses 260,625      
    TELEPHONE 8,408 2,102   6,306


    TY 2021 OtherIncomeSchedule2
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS ROYALTIES 593,315 593,315  
    Pass Through UBI from K-1 48,441    
    Rental Income - Noninvestment Property 475,016    


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Excise Taxes 167,649 132,974
    EXCISE TAX PAYABLE   12,857


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    contract labor 3,850 963 0 2,888


    TY 2021 TaxesSchedule
    Name:
    THE SUMNERS FOUNDATION
    EIN:
    75-2734032
    Software ID:
    21013475
    Software Version:
    2021v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 58,423      
    PAYROLL TAX 36,423 5,463   30,960
    PROPERTY TAX 1,197 299   898