TY 2021 Form 990PF

- TIN:

Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 Swan Family Charitable Foundation

% Mr Kenneth Swan

Number and street (or P.O. box number if mail is not delivered to street address)730 South Main Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Jacksboro, TX76458

A Employer identification number

20-3954964

B Telephone number (see instructions)

(940) 567-1080

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$16,300,329J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	139		139
4	Dividends and interest from securities...	374,560		374,560
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		774,002
b	Gross sales price for all assets on line 6a 5,827,118
7	Capital gain net income (from Part IV, line 2)...			774,002
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).......
12	Total. Add lines 1 through 11........	1,148,701		1,148,701
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		86,496	86,496
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		16,170	2,460
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		43,161	761	42,400
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	145,827		89,717	42,400
25	Contributions, gifts, grants paid.......	663,650			663,650
26	Total expenses and disbursements. Add lines 24 and 25	809,477		89,717	706,050
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	339,224
b	Net investment income (if negative, enter -0-)			1,058,984
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	912,961	569,138	569,138
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	8,643,459	9,401,506	12,632,605
	c	Investments—corporate bonds (attach schedule).......	600,000	525,000	517,163
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,059,418	1,059,418	2,581,423
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,215,838	11,555,062	16,300,329
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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	11,215,838	11,555,062
	29	Total net assets or fund balances (see instructions).....	11,215,838	11,555,062
	30	Total liabilities and net assets/fund balances (see instructions).	11,215,838	11,555,062

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

11,215,838

Enter amount from Part I, line 27a .....................

339,224

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

11,555,062

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

11,555,062

Form 990-PF (2021)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,827,118	5,053,116	774,002
b
c
d
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			774,002
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	774,002
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 ...................		3

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 and enter “N/A" on line 1.
	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	14,720
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	14,720
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a	11,143
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,900
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	15,043
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	323
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax323	Refunded	11

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2021)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

The books are in care of bullet

Mr Kenneth Swan Telephone no. bullet

(940) 567-1080

Located at bullet

730 S MainJacksboroTX ZIP+4 bullet

76458

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

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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? .............

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)):

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?....................

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2021)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check here ......... bullet

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Kori Lewis	Dir, VP 1.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kasey Swan	Dir, VP 1.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kenneth R Swan	Pres, Dir, Sec 2.0	0	0	0
730 South Main Street Jacksboro,TX76458	Pres, Dir, Sec 2.0	0	0	0
Rebecca Swan	Dir, VP 2.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 2.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
UBS Financial Services	Investment mgmt	86,496
4400 POST OAK PARKWAY 20TH FL HOUSTON,TX77027	Investment mgmt	86,496

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)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,158,066

Average of monthly cash balances.......................

1,288,791

Fair market value of all other assets (see instructions)................

2,581,423

Total (add lines 1a, b, and c).........................

16,028,280

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

16,028,280

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

240,424

Net value of noncharitable-use assets. Subtract line 4 from line 3. .......

15,787,856

Minimum investment return. Enter 5% (0.05) of line 5................

789,393

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.)

Minimum investment return from Part IX, line 6..................

789,393

Tax on investment income for 2021 from Part V, line 5.......

14,720

Income tax for 2021. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

14,720

Distributable amount before adjustments. Subtract line 2c from line 1............

774,673

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

774,673

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

774,673

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.

Form 990-PF (2021)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7				774,673
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......			695,924
b Total for prior years:2019, 2018, 2017
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: $ 706,050
a Applied to 2020, but not more than line 2a			695,924
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2021 distributable amount.....				10,126
e Remaining amount distributed out of corpus		0
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		0
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 ..........				764,547
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 ......		0
10 Analysis of line 9:
a Excess from 2017....
b Excess from 2018....
c Excess from 2019....
d Excess from 2020....
e Excess from 2021....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

Kenneth R Swan

Rebecca Swan

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BIO-MEDICAL FOUNDATION 206 THORNTON TRL JACKSBORO,TX76458	N/A	PC	General & Unrestricted	5,000
CONCERNED CITIZENS OF JACK CO INC 400 E PINE ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	100,000
COWBOY CHRISTIAN MISSIONS PO BOX 102 JACKSBORO,TX76458	N/A	PC	completion of memorial grounds	15,000
FAITH COMMUNITY HOSPITAL CHARITABLE FOUNDATION 215 CHISHOLM TRAIL JACKSBORO,TX76458	N/A	SO I	General & Unrestricted	100,000
FIRST BAPTIST CHURCH 200 N KNOX ST JACKSBORO,TX76458	N/A	PC	Designated for buildings and grounds outdoor recreational phase	30,000
JACK COUNTY FAIR ASSOCIATION PO BOX 486 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	37,650
JACK COUNTY MUSEUM ASSOCIATION 241 W BELKNAP ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	5,000
JACKSBORO FFA BOOSTER CLUB 750 W BELKNAP ST JACKSBORO,TX76458	N/A	PC	To complete the second phase of the Jacksboro Agriculture facility	100,000
JACKSBORO HIGH SCHOOL EX-STUDENTS ASSOCIATION 101 N MAIN ST STE 200 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	50,000
JACKSBORO PARISH PO BOX 716 JACKSBORO,TX76458	N/A	PC	Mothers Day Out Xtreme	2,500
JACKSBORO VISION GROUP INC 730 S MAIN ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	151,000
JACKSBORO YOUTH SPORTS ASSOCIATION 241 MARK ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	32,500
PERRIN-WHITT COMMUNITY CLUB PO BOX 142 PERRIN,TX76486	N/A	PC	new set of pens fund	20,000
PROJECT 4031 INC 708 MAY ST FORT WORTH,TX76104	N/A	PC	General & Unrestricted	5,000
SHINE ON INC 604 OAK ST STE 102 GRAHAM,TX76450	N/A	PC	General & Unrestricted	5,000
WISE CCC 1650 S FM 51 STE 400 DECATUR,TX76234	N/A	PC	General & Unrestricted	5,000
Total ................................. 3a				663,650

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	139
4 Dividends and interest from securities ....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	774,002
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,148,701

13Total. Add line 12, columns (b), (d), and (e)..................

1,148,701

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2021)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2021 DepreciationSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

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

- TIN:

TY 2021 InvestmentsCorpBondsSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BARCLAYS BANK PLC CAL LKD 24 -	300,000	294,300
CITIGROUP GLOBAL MKTS HLDGS IN	150,000	148,500
MORGAN STANLEY FIN LLC CAL LKD	75,000	74,363

- TIN:

TY 2021 InvestmentsCorpStockSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AB INCOME FUND ADV	114,701	114,375
ABBOTT LABS	107,311	133,281
ACCENTURE PLC	31,965	99,907
ADOBE SYSTEMS, INC	44,036	117,381
ADYEN N.V.	45,067	62,484
AIA GROUP LTD ADR	71,725	86,244
ALCON INC	50,820	77,014
ALPHABET INC CL A	184,754	446,144
AMADEUS IT HLDS SA	61,488	54,853
AMAZON COM	288,802	463,473
AMERICAN TOWER REIT INC	66,261	84,240
AMERIPRISE FINANCIAL INC	52,536	126,396
AON PLC CL A	39,076	56,806
APPLE INC	207,534	360,822
APPLIED MATERIALS INC	89,218	114,243
ASML HOLDING NV NY REG SHS	28,625	129,771
ATLAS COPCO AB A SHS ADR	46,274	80,815
ATLASSIAN CORP PLC	57,333	53,381
BARCLAYS BANK PLC CAL LKD 23 -	250,000	245,500
BARCLAYS BANK PLC CAL LKD 24	350,000	351,400
BNY MELLON CORE PLUS FUND CL I	140,430	136,514
BOFA FINANCE L/O TC-CYN MXEF R	150,000	143,850
BOFA FINANCE L/O TC-CYN MXEF R	150,000	146,400
BOFA FINANCE L/O TC-CYN MXEF R	100,000	94,900
BOFA FINANCE L/O TC-CYN MXEF R	200,000	192,400
BOFA FINANCE LLC 4/25/24	200,000	191,800
BOFA FINANCE LLC SPX 5/16/24	100,000	96,200
BOOKING HOLDINGS INC	63,010	67,178
BOSTON SCIENTIFIC	89,157	95,453
CANADIAN PACIFIC RAILWAY LTD	40,869	95,680
CITIGROUP GLBL MKTS RTY SPX DU	201,500	189,612
CITIGROUP GLBL MKTS SPX RTY ND	310,000	306,900
COSTCO WHOLESALE CORPORATION	52,769	106,160
CSL LTD	44,404	92,469
DANAHER CORP	27,902	72,711
DOLLAR GENERAL CORP	67,410	83,248
DSV UNSP ADR EACH REPR 0.5 ORD	30,833	109,398
EATON VANCE EMERGING MARKETS D	87,801	90,211
EPAM SYSTEMS INC	55,246	76,872
ESTEE LAUDER COMPANIES INC	28,837	62,194
EVOLUTION GAMING GROUP AB ADR	56,942	47,892
EXPERIAN GROUP LTD S/ADR	43,422	107,446
FEDERATED STRATEGIC INCOME FUN	437,926	434,219
FERRARI NV	56,944	84,375
FIDELITY NATIONAL INFORMATION	119,482	98,235
FT-PREFERRED SECUR & INC ETF	103,996	114,849
HOME DEPOT INC	83,994	143,178
HONEYWELL INTL	48,040	65,264
ICON PLC - AMERICAN DEPOSITARY	43,662	84,238
INTERCONTINENTAL EXCHANGE, INC	45,588	83,156
INVESCO FLOATING RATE FUND CLA	293,407	297,188
LASERTEC ADR	55,948	104,098
LI NING CO	45,006	43,397
LONZA GROUP AG UNSP/ADR	60,649	82,248
LOWES COMPANIES INC	58,282	143,198
LULULEMON ATHLETICA INC	43,824	75,941
LVMH MOET HENN UNSP	28,319	85,895
META PLATFORMS INC	162,859	279,171
METTLER-TOLEDO INTL	28,205	81,466
MICROSOFT CORP	269,894	700,890
MORGAN STANLEY FIN LLC CAL LKD	100,000	97,550
MORGAN STANLEY FIN LLC CL LKD	150,000	147,375
MORGAN STANLEY FINANCE L/O 11/	310,000	298,375
NESTLE S.A	43,463	75,659
NIKE INC-CL B	61,574	70,168
NOVO NORDISK A S	18,213	18,144
O'REILLY AUTOMOTIVE INC	62,541	129,240
PARKER HANNIFIN CP	76,108	116,114
PERFORMANCE TRUST TOTAL RETURN	160,903	161,956
PERNOD-RECARD SA	38,797	56,916
PRUDENTIAL TOTAL RETURN BD FD	351,381	358,797
RECURRENT MLP & INFRASTRUCTURE	179,571	166,199
RESMED INC	39,035	94,815
ROCKWELL AUTOMATION INC	30,386	58,258
S&P GLOBAL INC COM	46,225	57,575
SALESFORCE.COM	105,631	135,197
SEMPER MBS TOTAL RETURN FUND I	156,119	161,288
SHENZHOU INTL GROUP HOLDINGS A	53,288	45,120
SHERWIN-WILLIAMS CO	57,763	108,817
SHOPIFY INC	7,330	81,266
SIKA AG BEARER SHS	36,601	82,247
STERIS PLC	35,437	71,076
TAIWAN SEMICONDUCTOR MFG CO LT	35,089	112,971
TEXAS INSTRUMENTS INC	101,166	106,297
THERMO FISHER SCIENTIFIC INC	29,142	66,724
TJX COMPANIES INC	104,056	166,341
UNION PACIFIC	116,153	132,515
UNITEDHEALTH GROUP INC	56,462	112,479
VISA INC	134,358	204,141
VOYA STRATEGIC INCOME OPPORTUN	231,826	227,972
WUXI BIOLOGICS INC ADR	58,805	45,989

- TIN:

TY 2021 InvestmentsOtherSchedule2

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ALKEON GROWTH OFFSHORE FUND LT		750,000	2,007,010
MILLENNIUM INTERNATIONAL HEDGE		309,418	574,413

- TIN:

TY 2021 OtherExpensesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	42,375		42,375
Bank Charges	761	761
State or Local Filing Fees	25		25

- TIN:

TY 2021 OtherProfessionalFeesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	86,496	86,496

- TIN:

TY 2021 ReasonableCauseExplanation

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Explanation:

The Foundation's tax preparer is located in Nassau County, NY, which, per IRS release NY-2021-01 announced on September 9, 2021, is included in the list of localities that constitute a covered disaster area for purposes of Treas. Reg. Sec. 301.7508A-1(d)(2) and are entitled to tax relief due to Hurricane Ida. Additional time was needed to calculate and transmit the tax payment. Therefore, Form 2220 indicates that the Q3 or Q4 estimated tax payment made on or before the extended deadline of February 15, 2022 was, in fact, made timely on the original due date of such payment. We respectfully request that no late payment penalties be assessed in connection with such payment(s) per Treas. Reg. Sec. 301.7508A-1(c)(1).

- TIN:

TY 2021 TaxesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2021	10,900
990-PF Extension for 2020	2,810
Foreign Tax Paid	2,460	2,460