Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
DIAN GRAVES OWEN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)400 NORTH PINE STREET SUITE 1000
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ABILENE, TX79601
A Employer identification number

75-2682536
B Telephone number (see instructions)

(325) 677-1367
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$315,586,217J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 587,651 587,651  
4 Dividends and interest from securities... 1,937,769 1,937,769  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,641,953
b Gross sales price for all assets on line 6a 38,501,897
7 Capital gain net income (from Part IV, line 2)... 14,641,953
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 31,982,683 25,818,323  
12 Total. Add lines 1 through 11........ 49,150,056 42,985,696  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 457,500 228,750   228,750
14 Other employee salaries and wages...... 510,333 158,375   351,958
15 Pension plans, employee benefits....... 238,074 79,708   158,366
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 63,994 31,997   31,997
c Other professional fees (attach schedule).... Click to see attachment 661,999 661,999   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 77,016 48,044   28,972
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,484 742  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 9,526,794 4,226,501   10,615
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 11,537,194 5,436,116   810,658
25 Contributions, gifts, grants paid....... 20,819,233 20,819,233
26 Total expenses and disbursements. Add lines 24 and 25 32,356,427 5,436,116   21,629,891
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 16,793,629
b Net investment income (if negative, enter -0-) 37,549,580
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............. 351,147 177,628 177,628
2 Savings and temporary cash investments......... 11,650,543 19,769,041 19,769,041
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   12,871    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 54,913,072 Click to see attachment62,228,600 102,611,464
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 48,367,828 Click to see attachment49,868,858 193,019,926
14 Land, buildings, and equipment: basis bullet23,164
Less: accumulated depreciation (attach schedule) bullet15,006 9,642 Click to see attachment8,158 8,158
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,305,103 132,052,285 315,586,217
Liabilities 17 Accounts payable and accrued expenses..........   5,038
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 attachment129,896 Click to see attachment78,411
23 Total liabilities (add lines 17 through 22)......... 129,896 83,449
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 115,175,207 131,968,836
29 Total net assets or fund balances (see instructions)..... 115,175,207 131,968,836
30 Total liabilities and net assets/fund balances (see instructions). 115,305,103 132,052,285
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
115,175,207
2
Enter amount from Part I, line 27a .....................
2
16,793,629
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
131,968,836
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
131,968,836
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b GAINS/LOSSES FROM PASSTHROUGH ENTITIESS P    
c BOOTMEADS PROPERTIES P    
d CAPITAL GAINS DIVIDENDS P    
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 33,192,828   19,445,320 13,747,508
b 720,489     720,489
c 4,006,090   4,414,624 -408,534
d 582,490     582,490
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       13,747,508
b       720,489
c       -408,534
d       582,490
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 14,641,953
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 521,939
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 521,939
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 672,063
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 872,063
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 748
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 10 349,376
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet349,376 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNONE
    14
    The books are in care ofbulletDIAN GRAVES OWEN FOUNDATION Telephone no.bullet (325) 677-1367

    Located atbullet400 NORTH PINE SUITE 1000ABILENETX ZIP+4bullet79601
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletCJ
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    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
    DIAN GRAVES OWEN STAI CHAIRMAN, TREASURER, DIR
    0.00     		0 0 0
    400 N PINE ST SUITE 1000
    ABILENE,TX79601
    TUCKER S BRIDWELL PRESIDENT, DIRECTOR
    20.00     		457,500 29,000 0
    400 N PINE ST SUITE 1000
    ABILENE,TX79601
    JANE V BEARD SECRETARY
    40.00     		210,833 52,708 0
    400 N PINE ST SUITE 1000
    ABILENE,TX79601
    DEBORAH O CARSON DIRECTOR
    0.00     		0 0 0
    400 N PINE ST SUITE 1000
    ABILENE,TX79601
    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
    LAMAR H MOORE ADMINISTRATOR
    20.00     		195,000 29,000 0
    400 PINE ST 1000
    ABILENE,TX79601
    REBECCA L FELLOWS ADMINISTRATOR
    20.00     		70,000 17,500 0
    400 PINE ST 1000
    ABILENE,TX79601
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    94,123,525
    b
    Average of monthly cash balances.......................
    1b
    15,974,287
    c
    Fair market value of all other assets (see instructions)................
    1c
    193,019,926
    d
    Total (add lines 1a, b, and c).........................
    1d
    303,117,738
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    303,117,738
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,546,766
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    298,570,972
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    14,928,549
    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
    14,928,549
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    521,939
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    521,939
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    14,406,610
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    14,406,610
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    14,406,610
    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 14,406,610
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 2,395,213
    b From 2017...... 4,645,740
    c From 2018...... 3,134,813
    d From 2019...... 7,350,747
    e From 2020...... 1,946,919
    f Total of lines 3a through e ........ 19,473,432
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 21,629,891
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 14,406,610
    e Remaining amount distributed out of corpus 7,223,281
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 26,696,713
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		2,395,213
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		24,301,500
    10 Analysis of line 9:
    a Excess from 2017.... 4,645,740
    b Excess from 2018.... 3,134,813
    c Excess from 2019.... 7,350,747
    d Excess from 2020.... 1,946,919
    e Excess from 2021.... 7,223,281
    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).)
    DIAN GRAVES OWEN STAI
    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.
    DIAN GRAVES OWEN STAI
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    12TH ARMORED DIVISION MEMORIAL MUSEUM
    1289 NORTH 2ND STREET
    ABILENE,TX79601     		    GENERAL SUPPORT 5,000
    ABILENE ARTS ALLIANCE
    1101 N 1ST STREET
    ABILENE,TX79601     		    GENERAL SUPPORT 21,250
    ABILENE BLACK CHAMBER OF COMMERCE
    PO BOX 3572
    ABILENE,TX79604     		    GENERAL SUPPORT 1,000
    ABILENE CHRISTIAN UNIVERSITY
    ACU STATION
    ABILENE,TX79699     		    GENERAL SUPPORT 5,000
    ABILENE COOPER ATHLETIC BOOSTER CLUB
    3639 SAYLES BLVD
    ABILENE,TX79605     		    GENERAL SUPPORT 1,600
    ABILENE EDUCATION FOUNDATION
    PO BOX 1999
    ABILENE,TX79604     		    GENERAL SUPPORT 117,850
    ABILENE FLY FISHERS
    PO BOX 6306
    ABILENE,TX79608     		    GENERAL SUPPORT 2,500
    ABILENE HERITAGE SQUARE
    POST OFFICE BOX 1699 400 PINE
    STREET SUITE1000
    ABILENE,TX79601     		    GENERAL SUPPORT 4,000,000
    ABILENE IMPROVEMENT CORPORATION
    174 CYPRESS ST STE 301
    ABILENE,TX79601     		    GENERAL SUPPORT 1,000,000
    ABILENE ISD
    PO BOX 981
    ABILENE,TX79604     		    GENERAL SUPPORT 21,150
    ABILENE OPERA ASSOCIATION
    1185 CHINA ST
    ABILENE,TX79602     		    GENERAL SUPPORT 5,000
    ABILENE PERFORMING ARTS COMPANY INC
    1049 INDUSTRIAL BLVD SUITE 200
    ABILENE,TX79602     		    GENERAL SUPPORT 2,000
    ABILENE PHILHARMONIC ASSOCIATION
    1102 N 3RD SUITE C
    ABILENE,TX79601     		    GENERAL SUPPORT 50,000
    ABILENE PHILHARMONIC GUILD
    1102 NORTH 3RD ST SUITE C
    ABILENE,TX79601     		    GENERAL SUPPORT 30,000
    ABILENE POLICE FOUNDATION
    PO BOX 3553
    ABILENE,TX79604     		    GENERAL SUPPORT 11,420
    ABILENE PRESERVATION LEAGUE
    PO BOX 3451
    ABILENE,TX79604     		    GENERAL SUPPORT 7,500
    ABILENE TENNIS ASSOCIATION
    PO BOX 3624
    ABILENE,TX79604     		    GENERAL SUPPORT 1,000
    ABILINE YOUTH SPORTS AUTHORITY
    1042 LOOP 322
    ABILENE,TX79602     		    GENERAL SUPPORT 10,000
    ABILENE ZOOLOGICAL SOCIETY
    2070 ZOO LANE
    ABILENE,TX79602     		    GENERAL SUPPORT 10,000
    ACE SCHOLARSHIPS HOUSTON
    5251 DTC PARKWAY SUITE 1150
    GREENWOOD VILLAGE,CO80111     		    GENERAL SUPPORT 125,000
    ADMIRAL NIMITZ FOUNDATION
    340 E MAIN
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 3,600
    ALLIANCE FOR WOMAN AND CHILDREN
    1350 NORTH TENTH ST
    ABILENE,TX79601     		    GENERAL SUPPORT 3,500
    ALZHEIMER'S ASSOICATION-NORTH CENTRAL TEXAS
    301 S PIONEER SUITE 105
    ABILENE,TX79605     		    GENERAL SUPPORT 12,500
    AMARILLO SYMPHONY
    301 S POLK ST 700
    AMARILLO,TX79101     		    GENERAL SUPPORT 1,000
    AMBLESIDE SCHOOL OF FREDERICKSBURG
    106 EDISON ST
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 30,000
    AMERICA'S FUTURE FOUNDATION
    1513 16TH ST NW
    WASHINGTON,DC20036     		    GENERAL SUPPORT 10,000
    AMERICAN CANCER SOCIETY
    2438 INDUSTRIAL 143
    ABILENE,TX79605     		    GENERAL SUPPORT 5,000
    AMERICAN PRIVATE RADIO
    1739 UNIVERSITY AVE 341
    OXFORD,MS38655     		    GENERAL SUPPORT 25,000
    AMERICAN SPECTATOR FOUNDATION
    1611 N KENT ST SUITE 901
    ARLINGTON,VA22209     		    GENERAL SUPPORT 10,000
    ANSON JONES MEMORIAL MEDICAL FOUNDATION
    402 CYPRESS ST STE 123
    ABILENE,TX79601     		    GENERAL SUPPORT 7,000
    ARS LYRICA HOUSTON
    4807 SAN FELIPE SUITE 202
    HOUSTON,TX77056     		    GENERAL SUPPORT 10,000
    BASKETBALL SMILES
    4525 SEALS LANE
    ABILENE,TX79606     		    GENERAL SUPPORT 500
    BELTWAY PARK CHURCH
    4009 BELTWAY SOUTH
    ABILENE,TX79606     		    GENERAL SUPPORT 2,500
    BEN RICHEY BOYS RANCH
    PO BOX 6839
    ABILENE,TX79608     		    GENERAL SUPPORT 2,000
    BENJAMIN RUSH INSTITUTE
    PO BOX 610-001
    DFW AIRPORT,TX75261     		    GENERAL SUPPORT 10,000
    BIG COUNTY AIR POWER INC
    PO BOX 2585
    ABILENE,TX79602     		    GENERAL SUPPORT 5,000
    BIG COUNTRY ATHLETIC HALL OF FAME
    25 GLEN ABBEY
    ABILENE,TX79606     		    GENERAL SUPPORT 2,000
    BILL OF RIGHTS INSTITUTE
    1310 N COURTHOUSE RD 620
    ARLINGTON,TX22201     		    GENERAL SUPPORT 250,000
    BOY SCOUTS OF AMERICA TEXAS TRAILS COUNCIL
    3811 N 1ST ST
    ABILENE,TX79601     		    GENERAL SUPPORT 34,898
    BOYS & GIRLS CLUB OF THE TEXAS HILL COUNTRY
    PO BOX 2307
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 25,000
    BUFFALO GAP WINE & FOOD SUMMIT
    PO BOX 728
    BUFFALO GAP,TX79508     		    GENERAL SUPPORT 10,000
    CALLAHAN COUNTY AGING SERVICES
    100 W 4TH ST STE 302
    BAIRD,TX79504     		    GENERAL SUPPORT 5,000
    CAPITAL RESEARCH CENTER
    1513 16TH ST NW
    WASHINGTON,DC20077     		    GENERAL SUPPORT 15,000
    CANCER SERVICES NETWORK INC
    PO BOX 2026
    ABILENE,TX79604     		    GENERAL SUPPORT 5,000
    CENTER FOR CONTEMPORARY ARTS
    220 CYPRESS
    ABILENE,TX79601     		    GENERAL SUPPORT 30,000
    CHRIST LUTHERAN CHURCH
    1419 CHERRY SPRINGS RD
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 3,500
    CHRISTIAN HOMES AND FAMILY SERVICES
    PO BOX 270/1202 ESTATES DR
    ABILENE,TX79604     		    GENERAL SUPPORT 30,000
    CHURCH OF THE HEAVENLY REST
    602 MEANDER ST
    ABILENE,TX79602     		    GENERAL SUPPORT 11,000
    CHRISTIAN JOB CORPS OF GILLESPIE COUNTY
    2325 FRENCH DAHLSTROM RD
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 5,000
    CHRISTIAN SERVICE CENTER
    3185 N 10TH ST
    ABILENE,TX79603     		    GENERAL SUPPORT 50,000
    CITY OF ABILENE
    PO BOX 60 555 WALNUT ST
    ABILENE,TX79604     		    GENERAL SUPPORT 6,086,481
    COMMUNITY FOUNDATION OF ABILENE
    PO BOX 1001
    ABILENE,TX79604     		    GENERAL SUPPORT 1,850,000
    COMMUNITY FOUNDATION OF TEXAS HILL COUNTRY
    241 EARL GARRETT ST
    KERRVILLE,TX78028     		    GENERAL SUPPORT 185,000
    CYSTIC FIBROSIS FOUNDATION
    4040 N CENTRAL EXPRESSWAY SUITE 730
    DALLAS,TX75204     		    GENERAL SUPPORT 5,000
    DAY NURSERY OF ABILENE
    650 CEDAR ST
    ABILENE,TX79601     		    GENERAL SUPPORT 10,000
    DISCIPLESHIP NETWORK OF AMERICA
    100 DOWNERS GROVE
    SIGNAL MOUNTAIN,TN37377     		    GENERAL SUPPORT 10,000
    DOSS VOLUNTEER FIRE DEPARTMENT
    PO BOX 301
    DOSS,TX78618     		    GENERAL SUPPORT 1,000
    DYESS WE CARE TEAM
    709 ORANGE ST
    ABILENE,TX79601     		    GENERAL SUPPORT 25,000
    ENCOUNTER FOR CULTURE AND EDUCATION
    900 BROADWAY STE 601
    NEW YORK,NY10003     		    GENERAL SUPPORT 125,000
    EXPO CENTER OF TAYLOR COUNTY
    1700 EAST HIGHWAY 36
    ABILENE,TX79602     		    GENERAL SUPPORT 25,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    PO BOX 6605
    ABILENE,TX79608     		    GENERAL SUPPORT 15,000
    FIRST UNITED METHODIST CHURCH
    1800 N LLANO
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 500
    FOUNDATION FOR CULTURAL REVIEW
    900 BROADWAY STE 602
    NEW YORK,NY10003     		    GENERAL SUPPORT 40,000
    FREDERICKSBURG CHORALE
    PO BOX 2724
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 10,000
    FREDERICKSBURG MUSIC CLUB
    PO BOX 1214
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 5,000
    FREDERICKSBURG THEATER COMPANY
    1668 S US HIGHWAY 87
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 10,000
    FREDERICKSBURG YOUNG LIFE
    PO BOX 1367
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 25,000
    FRIENDS OF THE ABILENE PUBLIC LIBRARY
    202 CEDAR
    ABILENE,TX79601     		    GENERAL SUPPORT 500
    FRIENDS OF THE FREDERICKSBURG NATURE CENTER
    849 LOUDON RD
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 1,000
    FRONTIER TEXAS
    625 NORTH FIRST STREET
    ABILENE,TX79601     		    GENERAL SUPPORT 6,000
    FUND FOR AMERICAN STUDIES
    1706 NEW HAMPSHIRE AVE NW
    WASHINGTON,DC20009     		    GENERAL SUPPORT 30,000
    GILLESPIE COUNTY CHILDREN'S FOUNDATION
    140 STONE CANYON
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 5,000
    GILLESPIE COUNTY COMMITTEE ON AGING INC
    1009 N LINCOLN ST
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 20,500
    GILLESPIE COUNTY HISTORICAL SOCIETY INC
    325 W MAIN
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 20,000
    GILLESPIE COUNTY YOUTH LIVESTOCK SHOW
    1016 AVENUE C
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 16,000
    GOODWILL INDUSTRIES OF DALLAS INC
    3020 N WESTMORELAND RD
    DALLAS,TX75212     		    GENERAL SUPPORT 50,000
    GREATER AMARILLO YOUNG LIFE
    PO BOX 1367
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 10,000
    HARMONY FAMILY SERVICES
    305 GRAPE ST
    ABILENE,TX79601     		    GENERAL SUPPORT 16,000
    HARDIN SIMMONS UNIVERSITY
    2200 HICKORY
    ABILENE,TX79698     		    GENERAL SUPPORT 1,250,000
    HARPER ISD BAND BOOSTERS
    PO BOX 426
    HARPER,TX78631     		    GENERAL SUPPORT 15,000
    HENDRICK CHILDREN'S HOSPITAL
    1900 PINE ST
    ABILENE,TX79601     		    GENERAL SUPPORT 3,000
    HENDRICK HOME FOR CHILDREN
    PO BOX 5195 2758 JEANETTE ST
    ABILENE,TX79608     		    GENERAL SUPPORT 3,250
    HILL COUNTRY CASA
    PO BOX 290965
    KERRVILLE,TX78029     		    GENERAL SUPPORT 5,000
    HILL COUNTRY COMMUNITY NEEDS COUNCIL
    PO BOX 73/209 S ACORN
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 100,000
    HILL COUNTRY MEMORIAL HOSPITAL
    PO BOX 835
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 1,000
    HILL COUNTRY UNIVERSITY CENTER FOUNDATION
    2818 E US HIGHWAY 290
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 5,000
    HISTORIC PARAMOUNT THEATRE
    352 CYPRESS STREET PO BOX 1818
    ABILENE,TX79604     		    GENERAL SUPPORT 10,000
    HOUSTON GRAND OPERA
    510 PRESTON ST
    HOUSTON,TX77002     		    GENERAL SUPPORT 1,060,000
    INDEPENDENT WOMEN'S FORUM
    4 WEEMS LANE 312
    WINCHESTER,VA22601     		    GENERAL SUPPORT 10,000
    INTERCOLLEGIATE STUDIOS INSTITUE
    3901 CENTERVILLE RD
    WILMINGTON,DE19807     		    GENERAL SUPPORT 50,000
    INTERESTED CITIZENS OF ABILENE NORTH (I-CAN)
    PO BOX 2226
    ABILENE,TX79604     		    GENERAL SUPPORT 600
    JOSEPH THOMAS FOUNDATION
    PO BOX 6042
    ABILENE,TX79608     		    GENERAL SUPPORT 5,000
    JUNIOR ACHIEVEMENT OF ABILENE
    301 CYPRESS ST SUITE 310
    ABILENE,TX79601     		    GENERAL SUPPORT 20,000
    JUNIOR LEAGUE OF ABILENE
    774 BUTTERNUT
    ABILENE,TX79602     		    GENERAL SUPPORT 2,500
    JUST FACTS INC
    3600 FM 1488 SUITE 120 248
    CONROE,TX77384     		    GENERAL SUPPORT 5,000
    KEEP ABILENE BEAUTIFUL
    PO BOX 60
    ABILENE,TX79604     		    GENERAL SUPPORT 3,000
    KIWANIS CLUB OF ABILENE
    PO BOX 5273
    ABILENE,TX79608     		    GENERAL SUPPORT 500
    KIWANIS CLUB OF GREATER ABILENE
    442 CEDAR ST
    ABILENE,TX79601     		    GENERAL SUPPORT 3,000
    MD ANDERSON
    1515 HOLCOMBE BLVD
    HOUSTON,TX77030     		    GENERAL SUPPORT 30,000
    MARCH OF DIMES BIG COUNTRY DIVISION
    402 CYPRESS SUITE 806
    ABILENE,TX79601     		    GENERAL SUPPORT 5,000
    MCMURRY UNIVERSITY
    MCM STATION BOX 98
    ABILENE,TX79697     		    GENERAL SUPPORT 1,002,500
    MEALS ON WHEELS
    717 N 10TH
    ABILENE,TX79601     		    GENERAL SUPPORT 2,500
    MEALS ON WHEELS PLUS INC
    PO BOX 903
    ABILENE,TX79604     		    GENERAL SUPPORT 30,000
    MEDIA RESEARCH CENTER
    325 S PATRICK ST
    ALEXANDRIA,VA22314     		    GENERAL SUPPORT 50,000
    NARROW GATE FOUNDATION
    PO BOX 267
    DUCK RIVER,TN38454     		    GENERAL SUPPORT 10,000
    NATIONAL CENTER FOR CHILDREN'S ILLUSTRATED LITERATURE
    PO BOX 2201
    ABILENE,TX79604     		    GENERAL SUPPORT 6,000
    NATIONAL WASP WWII MUSEUM
    PO BOX 170 210 LOOP 170
    SWEETWATER,TX79556     		    GENERAL SUPPORT 50,000
    NETWORK OF ENLIGHTENED WOMEN
    1360 E CAPITOL ST NW
    WASHINGTON,DC20003     		    GENERAL SUPPORT 20,000
    NUMBERSUSA EDUCATION AND RESEARCH
    1400 CRYSTAL DR STE 240
    ARLINGTON,VA22202     		    GENERAL SUPPORT 100,000
    PARENTS TELEVISION COUNCIL
    PO BOX 4210
    BURBANK,CA91503     		    GENERAL SUPPORT 5,000
    PREGNANCY RESOURCES OF ABILENE
    2110 N WILLIS
    ABILENE,TX79603     		    GENERAL SUPPORT 5,000
    REALCLEAR FOUNDATION
    666 DUNDEE RD BLDG 600
    CHICAGO,IL60646     		    GENERAL SUPPORT 10,000
    RESCUE THE ANIMALS INC
    4620 N FIRST ST
    ABILENE,TX79603     		    GENERAL SUPPORT 11,000
    ROTARY CLUB OF ABILENE CHARITABLE FOUNDATION
    PO BOX 5421
    ABILENE,TX79604     		    GENERAL SUPPORT 5,000
    SALVATION ARMY
    PO BOX 6929/1726 BUTTERNUT
    ABILENE,TX79608     		    GENERAL SUPPORT 25,000
    SCALA FOUNDATION
    PO BOX 296
    PRINCETON,NJ08542     		    GENERAL SUPPORT 24,000
    SEMINARY OF THE SOUTHWEST
    501 EAST 32ND STREET
    AUSTIN,TX78705     		    GENERAL SUPPORT 50,000
    SERENITY FOUNDATION OF TEXAS
    1542 NORTH 3RD STREET
    ABILENE,TX79601     		    GENERAL SUPPORT 500,000
    SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
    110 S PHILLIPS AVE
    SIOUX FALLS,SD57104     		    GENERAL SUPPORT 281,250
    SOUTHERN METHODIST UNIVERSITY
    OFFICE OF DEVELOPMENT PO BOX 750402
    DALLAS,TX75275     		    GENERAL SUPPORT 10,000
    ST JOHN'S EPISCOPAL SCHOOL
    1600 SHERMAN DRIVE
    ABILENE,TX79605     		    GENERAL SUPPORT 35,000
    STONE OWL INSTITUTE
    102 CYPRESS ST
    ABILENE,TX79601     		    GENERAL SUPPORT 61,514
    SWEETWATER MUNICIPAL AUDITORIUM
    PO BOX 584
    SWEETWATER,TX79556     		    GENERAL SUPPORT 30,000
    SWENSON HOUSE HISTORIC SOCIETY
    PO BOX 1778 1726 SWENSON ST
    ABILENE,TX79604     		    GENERAL SUPPORT 25,000
    TAYLOR COUNTY HISTORY CENTER AT BUFFALO GAP TEXAS
    133 N WILLIAM ST
    BUFFALO GAP,TX79508     		    GENERAL SUPPORT 25,000
    TAYLOR COUNTY VETERANS SERVICE OFFICE
    400 OAK STE 170
    ABILENE,TX79602     		    GENERAL SUPPORT 500
    TEXAS BUSINESS LEADERSHIP COUNCIL
    515 CONGRESS SUITE 2240
    AUSTIN,TX78701     		    GENERAL SUPPORT 15,000
    TEXAS FOR THE ARTS FOUNDATION
    PO BOX 4549
    AUSTIN,TX78765     		    GENERAL SUPPORT 1,000
    TEXAS RAMP PROJECT
    PO BOX 832065
    RICHARDSON,TX75083     		    GENERAL SUPPORT 20,000
    TEXAS STATE HISTORY MUSEUM FOUNDATION
    PO BOX 12456
    AUSTIN,TX78711     		    GENERAL SUPPORT 10,000
    THE COLONIAL WILLIAMSBURG FOUNDATION
    PO BOX 1776
    WILLIAMSBURG,VA23187     		    GENERAL SUPPORT 10,000
    THE FEDERALISTS SOCIETY
    1776 I STREET NW SUITE 300
    WASHINGTON,DC20006     		    GENERAL SUPPORT 5,000
    THE GOOD SAMARITAN CENTER
    140 INDUSTRIAL LOOP SUITE 100
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 75,500
    THE GRACE CENTER OF FREDERICKSBURG TOTAL
    PO BOX 3433
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 100,000
    THE GRACE MUSEUM
    102 CYPRESS ST
    ABILENE,TX79601     		    GENERAL SUPPORT 82,600
    THE HERITAGE FOUNDATION
    214 MASSACHUSETTS AVENUE NE
    WASHINGTON,DC20002     		    GENERAL SUPPORT 110,000
    THE LEADERSHIP INSTITUTE
    5847 SAN FELIPE ST 1700
    HOUSTON,TX77057     		    GENERAL SUPPORT 50,000
    THE PHILANTHROPY ROUNDTABLE
    1730 M ST NW
    WASHINGTON,DC20036     		    GENERAL SUPPORT 30,000
    THE SENIOR SOURCE
    3910 HARRY HINES
    DALLAS,TX75219     		    GENERAL SUPPORT 28,000
    TSTC FOUNDATION
    2082 QUANTUM LOOP
    ABILENE,TX79602     		    GENERAL SUPPORT 90,000
    UNITED WAY OF ABILENE
    PO BOX 82
    ABILENE,TX79604     		    GENERAL SUPPORT 51,750
    UNITED WAY OF ABILENE FOUNDATION
    240 CYPRESS ST
    ABILENE,TX79601     		    GENERAL SUPPORT 200,000
    USA HOCKEY FOUNDATION
    1775 BOB JOHNSON DR
    COLORADO SPRINGS,CO80906     		    GENERAL SUPPORT 10,000
    WACO FOUNDATION
    1227 N VALLEY MILLS DR STE 235
    WACO,TX76710     		    GENERAL SUPPORT 100,000
    WEST TEXAS REHABILITATION CENTER
    4601 HARTFORD
    ABILENE,TX79605     		    GENERAL SUPPORT 21,500
    WILDLIFE RESCUE AND REHABILITATION
    PO BOX 369
    KENDALIA,TX78027     		    GENERAL SUPPORT 500
    WOODBERRY FORST SCHOOL
    898 WOODBERRY FOREST RD
    WOODBERRY FOREST,VA22989     		    GENERAL SUPPORT 10,000
    WREATHS ACROSS AMERICA
    PO BOX 249
    COLUMBIA FALLS,ME04623     		    GENERAL SUPPORT 500
    WYLIE BULLDOGS EDUCATION FOUNDATION
    6249 BUFFALO GAP RD
    ABILENE,TX79606     		    GENERAL SUPPORT 15,000
    WYLIE HIGH SCHOOL BAND BOOSTERS
    4502 ANTILLEY RD
    ABILENE,TX79602     		    GENERAL SUPPORT 12,500
    WYLIE LITTLE LEAGUE
    1 ABILENE
    ABILENE,TX79606     		    GENERAL SUPPORT 7,000
    YMCA OF ABILENE
    3125 S 32ND ST
    ABILENE,TX79605     		    GENERAL SUPPORT 156,000
    ZION LUTHERAN CHURCH
    426 W MAIN
    FREDERICKSBURG,TX78624     		    GENERAL SUPPORT 500
    CHARITABLE CONTRIBUTIONS THROUGH PASSTHROUGH ENTITIES
    400 NORTH PINE STREET SUITE 1000
    ABILENE,TX79601     		    GENERAL SUPPORT 1,520
    Total .................................bullet 3a 20,819,233
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 587,651  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property..... 531110        
    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 14,641,953  
    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) .. 7,474,878 41,675,178 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    49,150,056
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX RETURN & AUDITING FEES 63,994 31,997   31,997

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

    TY 2021 DepreciationSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    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
    COMPUTER EQUIPMENT 1998-11-09 7,500 7,500 SL 5.000000000000 0 0    
    FURNITURE 2020-07-01 5,192 371 SL 7.000000000000 742 742    
    FURNITURE - INVESTMENT 2020-07-01 5,192 371 SL 7.000000000000 742 0    

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AERCAP HOLDINGS NV 2,166,526 2,461,558
    AESSF III PRIVATE INVESTORS 187,272 341,503
    ALPHABET INC 885,429 1,758,503
    AMAZON.COM INC 1,719,415 1,763,866
    AMERICAN ELECTRIC POWER CO INC 395,009 446,096
    AMGEN INCORPORATED 356,094 407,646
    APPLE COMPUTER,INC. 424,207 856,243
    APTIV PLC 555,396 1,476,138
    ARTISAN INTL SM MID FD 1,398,761 1,865,347
    BERKSHIRE HATHAWAY 329,310 518,167
    BLACKROCK INC 287,738 512,714
    BLACKSTONE GROUP INC 368,407 920,869
    BLOCK INC 1,167,110 1,141,876
    BROADCOM INC COM 332,716 699,346
    BROWN CAP MGMT INTL SM 1,211,571 1,839,355
    CAMDEN PROPERTY TRUST 121,183 240,146
    CARDINAL HEALTH INC 1,681,724 2,008,110
    CATALENT INC 566,971 914,518
    CAUSEWAY INTERNATIONAL V 3,442,749 4,866,786
    CAUSEWAY INTERNATIONAL V 1,849,217 1,559,722
    CHEVRON CORPORATION 436,839 517,748
    CHEVRON CORPORATION 274,788 457,430
    CISCO SYSTEMS 344,804 573,245
    CITIGROUP 344,050 411,135
    CITIGROUP 491,227 423,334
    CLARIVATE ANALYTICS PLC 1,288,903 1,279,653
    COCA-COLA CO 358,067 458,404
    CONOCOPHILLIPS 2,754,992 9,661,437
    CVS HEALTH CORP 363,102 555,104
    DANAHER CORP 602,716 1,344,993
    DANONE 434,946 413,380
    EATON CORP PLC 184,266 403,189
    FAIRFAX 425,238 515,826
    FEDEX CORP 173,040 182,858
    FIRST FINANCIAL BANKSHARES INC 1,466,454 8,983,835
    GENERAL MOTORS CO 241,889 502,400
    GIF IV PRIVATE INVESTORS OFFSHORE LP 60,517 18,568
    HALOZYME THERAPEUTICS INC 1,406,061 1,830,279
    HOME DEPOT INC 188,542 402,975
    HONEYWELL INTERNATIONAL INC 343,025 488,539
    INVITATION HOMES INC 120,835 193,284
    IQVIA HOLDINGS INC 753,149 1,663,215
    JOHNSON & JOHNSON INC 392,494 508,078
    JOHNSON & JOHNSON 328,676 426,649
    JP MORGAN CHASE & CO 254,150 420,578
    JPMORGAN CHASE & CO 590,663 990,638
    KLA-TENCOR CORP 95,252 256,346
    LIBERTY GLOBAL INC 453,208 477,052
    LITHIA MOTORS INC 1,839,021 1,569,381
    LOCKHEED MARTIN CORP 426,191 451,015
    LUMEN TECHNOLOGIES INC 328,146 338,160
    MAGNA INTL INC 204,646 447,598
    MAIN STREET CAPITAL CORP 3,045,156 8,083,568
    MARTIN MARIETTA MATERIALS INC 1,317,577 1,711,861
    MCDONALDS CORP 270,735 427,036
    MEDTRONIC PLC 235,749 279,005
    MERCK & CO INC NEW 456,005 542,151
    MICROSOFT CORP 580,863 1,359,405
    MICROSOFT CORP 1,345,671 2,602,108
    MICROSOFT CORP 86,980 248,540
    MONDELEZ INTL INC 321,712 455,483
    NIKE CLASS B 156,832 309,340
    NOVARTIS AG 323,696 371,048
    NVIDIA CORP 957,630 2,261,118
    PALO ALTO NETWORKS INC 956,005 2,258,219
    PAYPAL HOLDINGS INC 1,473,104 1,169,385
    PEG DIGITAL GROWTH FUND OFFSHIORE 0 30,108
    PEG DIGITAL GROWTH FUND SPECIAL II 874,253 215,247
    PEPSICO INC 337,384 492,989
    POWER CORP CANADA 275,943 492,560
    RESOLUTE FOREST PROD 74,651 144,973
    S P X FLOW INC 47,926 166,301
    SALESFORCE.COM INC 1,539,710 1,920,715
    SIGNATURE BANK 705,688 728,131
    SOUTHWEST AIRLINES CO 1,378,043 1,204,232
    STARBUCKS CORP 205,788 344,009
    STORE CAPITAL CORPORATION 216,677 304,887
    THE WALT DISNEY CORP 230,468 313,962
    UNION PACIFIC CORP 157,145 193,986
    VODAFONE 637,672 444,168
    WALT DISNEY CO 1,272,366 1,155,479
    WASATCH EMERGING MARKETS 1,039,256 1,040,362
    WCM FOCUSED INTL GROWTH 2,776,217 4,674,224
    WELLS FARGO & CO 1,134,298 2,473,801
    WILLIAMS COS INC 380,698 428,228

    TY 2021 InvestmentsOtherSchedule2
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABILENE ENCAP ETF I, LP AT COST 1,832,391 2,673,074
    BBT MASTER FUND LIQ TR AT COST 3,275 0
    CARSON/HICKSMUSE LION FUND AT COST 16,109 0
    ELLIOTT INT""L LIMITED-HEDGE FD AT COST 3,403,672 2,762,999
    ENCAP ENERGY CAPITAL FD V-B AT COST 267,791 0
    ENCAP ENERGY CAPITAL FD VI-B AT COST 743,476 32,248
    ENCAP FUND VII-B AT COST 3,241,043 177,717
    FOUNDING PARTNERS DESIGNEE, LLC AT COST 1,468 0
    FOUNDING PARTNERS STABLE VALUE II AT COST 2,772 0
    FREESTONE METAL PARTNERS AT COST 0 176,554
    FREESTONE PARTNERS II AT COST 53,611 0
    HOG PARTNERSHIP AT COST 493,219 748,711
    MANSEFELDT TRAILHEAD PRTNRS AT COST 595,372 1,321,012
    MANSEFELDT ANCOR PARTNERS AT COST 2,369,460 9,496,904
    MANSEFELDT CLEARINGHOUSE PARTNERS AT COST 422 0
    MANSEFELDT ENERGY PARTNERS I AT COST 944,434 114,000,000
    MANSEFELDT ENJOYTECH PARTNERS AT COST 3,000,029 0
    MANSEFELDT EV FUND XII PARTNERS AT COST 211,228 0
    MANSEFELDT FLATROCK MIDSTREAM II AT COST 226,589 705,220
    MANSEFELDT FLATROCK MIDSTREAM III AT COST 1,121,286 2,773,024
    MANSEFELDT FLATROCK MIDSTREAM IV AT COST 275,817 1,581,321
    MANSEFELDT FRASER MCCOMBS VENTURES AT COST 350,230 0
    MANSEFELDT FUND IX PARTNERS AT COST 4,427,749 5,809,990
    MANSEFELDT FUND VIII PARTNERS AT COST 1,568,642 3,578,230
    MANSEFELDT FUND VIII PARTNERS CO INVEST AT COST 4,166,810 6,254,300
    MANSEFELDT FUND X PARTNERS AT COST 6,333,091 15,891,079
    MANSEFELDT FUND XI PARTNERS AT COST 3,736,435 6,012,791
    MANSEFELDT GRAYROCK PARTNERS AT COST 540,382 1,525,595
    MANSEFELDT MIDSTREAM PARTNERS AT COST 0 203,310
    MANSEFELDT PBC III PARTNERS AT COST 144,177 132,499
    MANSEFELDT PBC IV PARTNERS AT COST 1,595,448 2,914,801
    MANSEFELDT PBC V PARTNERS AT COST 1,751,811 1,958,412
    MANSEFELDT PENNYBACKER PARTNERS AT COST 826 0
    MANSEFELDT SILVER HILL III AT COST 975,638 940,834
    MANSEFELDT SLR PARTNERS AT COST 562,353 555,769
    MANSEFELDT TW MIDSTREAM AT COST 45,618 2,048,595
    MANSEFELDT TW MIDSTREAM III AT COST 717,405 5,329,576
    NEXLUBE OPERATING LLC AT COST 1,673,391 836,696
    RECEPTOR LOGIC AT COST 10,960 0
    VALUE HOLDINGS LP AT COST 2,464,428 2,578,665

    TY 2021 LandEtcSchedule2
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 7,500 7,500 0  
    SOFTWARE 2,150 2,150 0  
    SOFTWARE 1,534 1,534 0  
    SOFTWARE 1,596 1,596 0  
    FURNITURE 5,192 1,113 4,079  
    FURNITURE - INVESTMENT 5,192 1,113 4,079  


    TY 2021 OtherExpensesSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAXES 579,000 0   0
    OFFICE & ADMINISTRATIVE EXPENSE 21,053 10,438   10,615
    OIL & GAS ROY.DEDS FROM PASSTHROUGH 2,529,068 2,529,068   0
    OIL & GAS IDC DEDUCTIONS FROM PASSTHROUGH 3,798,522 0   0
    OIL & GAS COST DEPLETION INVESTMENT DEDUCTIONS FROM PASSTHROUGH 1,416,486 1,416,486   0
    PORTFOLIO DEDUCTS FROM PASSTHROUGH 270,509 270,509   0
    OTHER DEDUCTIONS FROM PASSTHROUGH 471,652 0   0
    NON-DEDUCTIBLE EXP FROM PASSTHROUGH -9,439 0   0
    OTHER NON-DEDUCTIBLE EXPENSES & BOOK ADJUSTMENTS -3,561 0   0
    OIL & GAS COST DEPLETION UBIT DEDUCTIONS FROM PASSTHROUGH 453,504 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INC.(LOSS) FROM PASSTHROUGH 1,038,185 1,278,022 1,038,185
    OTHER PORTFOLIO INC FROM PASSTHROGH 52,469 52,469 52,469
    OTHER INCOME FROM PASSTHROUGH 1,619,044 0 1,619,044
    NON TAX DIVIDEND DIST 22,612 0 22,612
    ORDINARY INCOME FROM PASSTHROUGH 4,742,568 0 4,742,568
    TAX EXEMPT INCOME FROM PASSTHROUGH 19,973 0 19,973
    OIL & GAS ROY.INC.FROM PARTNERSHIPS 24,487,720 24,487,720 24,487,720
    MISC INVESTMENT INCOME 112 112 112


    TY 2021 OtherLiabilitiesSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Description Beginning of Year - Book Value End of Year - Book Value
    MANSEFELDT MIDSTREAM PARTNERS 113,835 72,653
    FREESTONE METAL PARTNERS 14,537 4,234
    MANSEFELDT OAK VALLEY 1,524 1,524


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 661,999 661,999   0


    TY 2021 TaxesSchedule
    Name:
    DIAN GRAVES OWEN FOUNDATION
    EIN:
    75-2682536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX EXPENSE 47,423 18,451   28,972
    FOREIGN TAXES 29,593 29,593   0