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
Valley Baptist Legacy Foundation
 
% KIMBERLY ANDERSON
Number and street (or P.O. box number if mail is not delivered to street address)1267 North Stuart Place Road
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Harlingen, TX78552
A Employer identification number

74-1936869
B Telephone number (see instructions)

(956) 335-3044
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$468,788,280J 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) 126,437
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 9,847,233 9,847,233  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 23,192,441
b Gross sales price for all assets on line 6a 98,992,527
7 Capital gain net income (from Part IV, line 2)... 23,192,441
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 113,858 90,044  
12 Total. Add lines 1 through 11........ 33,279,969 33,129,718  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 389,307 68,533   301,473
14 Other employee salaries and wages...... 316,094 20,525   286,362
15 Pension plans, employee benefits....... 101,959 9,240   92,719
16a Legal fees (attach schedule)......... 1,680      
b Accounting fees (attach schedule)....... 48,242 4,299   41,248
c Other professional fees (attach schedule).... Click to see attachment 1,174,893 1,174,893    
17 Interest............... 115,651      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 497,333 4,630   46,456
19 Depreciation (attach schedule) and depletion... Click to see attachment 38,539    
20 Occupancy.............. 40,199 3,413   27,898
21 Travel, conferences, and meetings....... 46,157 1,489   44,405
22 Printing and publications.......... 2,412 219   2,193
23 Other expenses (attach schedule)....... Click to see attachment 474,291 276,141   172,304
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,246,757 1,563,382   1,015,058
25 Contributions, gifts, grants paid....... 5,864,843 20,143,361
26 Total expenses and disbursements. Add lines 24 and 25 9,111,600 1,563,382   21,158,419
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 24,168,369
b Net investment income (if negative, enter -0-) 31,566,336
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............. 88,684 86,717 86,717
2 Savings and temporary cash investments......... 6,717,451 10,424,829 10,424,829
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet0
Less: allowance for doubtful accounts bullet   7,500 0 0
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.......... 58,548 50,582 50,582
10a Investments—U.S. and state government obligations (attach schedule) 14,749,332 Click to see attachment16,804,822 16,804,822
b Investments—corporate stock (attach schedule)....... 278,472,002 Click to see attachment304,780,153 304,780,153
c Investments—corporate bonds (attach schedule)....... 68,680,637 Click to see attachment62,741,188 62,741,188
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,695,761 Click to see attachment60,090,452 60,090,452
14 Land, buildings, and equipment: basis bullet951,607
Less: accumulated depreciation (attach schedule) bullet266,667 708,591 684,940 684,940
15 Other assets (describe bullet) Click to see attachment11,582,922 Click to see attachment13,124,597 Click to see attachment13,124,597
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 422,761,428 468,788,280 468,788,280
Liabilities 17 Accounts payable and accrued expenses.......... 87,859 206,391
18 Grants payable................. 24,642,946 10,573,605
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 attachment2,228,237 Click to see attachment2,114,976
23 Total liabilities (add lines 17 through 22)......... 26,959,042 12,894,972
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........... 385,711,632 444,018,670
25 Net assets with donor restrictions............ 10,090,754 11,874,638
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 395,802,386 455,893,308
30 Total liabilities and net assets/fund balances (see instructions). 422,761,428 468,788,280
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
395,802,386
2
Enter amount from Part I, line 27a .....................
2
24,168,369
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
36,027,363
4
Add lines 1, 2, and 3 ..........................
4
455,998,118
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
104,810
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
455,893,308
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 US TRUST BOA - SEE ATTACHMENT D-1 P    
b US TRUST BOA - SEE ATTACHMENT D-2 P    
c UBS - SEE ATTACHMENT D-3 P    
d UBS - SEE ATTACHMENT D-4 P    
e UBS - BASIS ADJUSTMENT P    
HEALTH ENTERPRISE PARTNERS LP P    
HEALTH ENTERPRISE PARTNERS LP P    
PRISA, LP P    
TIFF PE PARTNERS 2018, LP P    
TIFF PE PARTNERS 2018, LP P    
TIFF PE PARTNERS 2019, LP P    
TIFF PE PARTNERS 2019, LP P    
TIFF PE PARTNERS 2020, LP P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 22,939,927   18,933,246 4,006,681
b 38,895,560   30,759,443 8,136,117
c 782,020   726,487 55,533
d 34,460,817   25,171,645 9,289,172
e     208,836 -208,836
1,645,154     1,645,154
2,222     2,222
183,110     183,110
12,940     12,940
40,677     40,677
561     561
29,489     29,489
    429 -429
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       4,006,681
b       8,136,117
c       55,533
d       9,289,172
e       -208,836
      1,645,154
      2,222
      183,110
      12,940
      40,677
      561
      29,489
      -429
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 23,192,441
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 438,772
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- ..... 5 438,772
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 330,147
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 115,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 445,147
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,375
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet6,375 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see list of attachments....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see list of attachments....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see list of attachments
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.vblf.org
    14
    The books are in care ofbulletKIMBERLY ANDERSON Telephone no.bullet (956) 335-3044

    Located atbullet1267 NORTH STUART PLACE ROADHARLINGENTX ZIP+4bullet78552
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BILLY BRADFORD DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    KIMBERLY ANDERSON FINANCE DIRECTOR
    40.0     		180,655 21,662 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JACK ABBOTT DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    BETH PACE CHAIRPERSON
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JUDY QUISENBERRY EXECUTIVE DIRECTOR
    40.0     		208,652 15,859 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    BOB DUNCAN DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    JAMES CASTILLO MD DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    STEPHANIE JACKSON DDS SECRETARY
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Rebekah Batot DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Elsa Cardenas Hagan Ed D DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Denise Almon DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Alicia Noyola DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Adela Valdez M D DIRECTOR
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    Julio Cavazos VICE CHAIRPERSON
    1.0     		0 0 0
    1267 North Stuart Place Road
    Harlingen,TX78552
    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
    EVELYN CASTILLEJA GARZA GRANTS SPECIALIST
    40.0     		78,454 12,126 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    ALBERTO ESPINOZA EVAL SPECIALIST
    40.0     		84,296 11,580 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    MARI GALVAN PROGRAM ASSISTANT
    40.0     		35,021 11,891 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    BERNADETTE PEREZ GRANTS ASSISTANT
    40.0     		58,719 10,642 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    JUANITA REYES - ALMANZA ACCOUNTANT & HR PROF
    30.0     		59,604 17,582 0
    1267 NORTH STUART ROAD
    HARLINGEN,TX78552
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    UBS FINANCIAL SERVICES INC INVESTMENT BROKER 175,683
    1100 POYDRAS STREET STE 900
    NEW ORLEANS,LA701630900
    BANK OF AMERICA PRIVATE BANK INVESTMENT BROKER 999,210
    300 COVENANT STREET 8TH FLOOR
    SAN ANTONIO,TX78205
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    439,681,608
    b
    Average of monthly cash balances.......................
    1b
    289,815
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,001,251
    d
    Total (add lines 1a, b, and c).........................
    1d
    450,972,674
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    450,972,674
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    6,764,590
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    444,208,084
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    22,210,404
    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
    22,210,404
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    438,772
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    438,772
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    21,771,632
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    21,771,632
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    21,771,632
    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 21,771,632
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,133,435
    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...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 21,158,419
    a Applied to 2020, but not more than line 2a 1,133,435
    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..... 20,024,984
    e Remaining amount distributed out of corpus 0
    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 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 ..........     		1,746,648
    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)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    JUDY QUISENBERRY
    1267 N STUART PLACE RD
    HARLINGEN,TX78552
    (956) 335-3037
    bThe form in which applications should be submitted and information and materials they should include:
    JUDY QUISENBERRY APPLICATION FORM AVAILABLE ON VALLEY BAPTIST LEGACY FOUNDATION WEBSITE INCLUDE 501(C)(3) DETERMINATION, PROGRAM BUDGET, 2 PRIOR YEAR FINANCIAL STATEMENTS, CURRENT YEAR BUDGET, AUDIT, BUDGET NARRATIVE AND BOARD MEMBER LISTING, IF APPLICABLE.
    cAny submission deadlines:
    JUDY QUISENBERRY NOVEMBER 1, MAY 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    JUDY QUISENBERRY MUST SERVE 4 COUNTIES- CAMERON, HIDALGO, WILLACY & STARR SHOULD BE HEALTHCARE RELATED, 501(C)(3) OR GOVERNMENT ENTITY
    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
    CHILD ABUSE EDUCATION PROGRAM OF SOUTH TEXAS
    2922 Emerald Lake Dr
    HARLINGEN,TX78550     		NONE PC CHARITABLE 30,000
    THE SALVATION ARMY - HARLINGEN
    119 E MONROE
    HARLINGEN,TX78550     		NONE PC CHARITABLE 80,000
    AURORA HOUSE FOUNDATION
    2646 W 18TH STREET
    WESLACO,TX78596     		NONE PC CHARITABLE 68,000
    GOOD NEIGHBOR SETTLEMENT HOUSE
    1254 E TYLER ST
    BROWNSVILLE,TX78520     		NONE PC CHARITABLE 80,071
    DENTISTS WHO CARE INC
    307 E RAILROAD ST STE 112
    WESLACO,TX78596     		NONE PC CHARITABLE 25,000
    FOOD BANK OF THE RGV
    PO BOX 6251
    MCALLEN,TX78502     		NONE PC CHARITABLE 145,816
    IT'S TIME TEXAS
    911 W ANDERSON LN STE 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 233,111
    SOUTH TEXAS EMERGENCY CARE FOUNDATION
    PO BOX 533668
    HARLINGEN,TX78553     		NONE PC CHARITABLE 280,870
    SUNSHINE HAVEN INC
    7105 W LAKESIDE BLVD
    OLMITO,TX78575     		NONE PC CHARITABLE 18,000
    THE SALVATION ARMY - MCALLEN
    1600 N 23RD ST
    MCALLEN,TX78501     		NONE PC CHARITABLE 60,000
    AMERICAN HEART ASSOCIATION
    7272 Greenville Ave
    DALLAS,TX75231     		NONE PC CHARITABLE 117,168
    AMIGOS DEL VALLE
    4138 Crosspoint Blvd
    EDINBURG,TX78539     		NONE PC CHARITABLE 80,000
    AUSTIN COMMUNITY FOUNDATION
    4315 Guadalupe St Ste 300
    AUSTIN,TX78751     		NONE PC CHARITABLE 2,500
    BOYS AND GIRLS CLUB OF HARLINGEN
    1209 W Washington Ave
    Harlingen,TX78550     		NONE PC CHARITABLE 50,000
    BROWNSVILLE WELLNESS COALITION
    1 W University Blvd
    Brownsville,TX78520     		NONE PC CHARITABLE 2,500
    CHILDREN'S DEFENSE FUND OF TEXAS
    840 1st St NE STE 300
    WASHINGTON,DC20002     		NONE PC CHARITABLE 50,000
    CITY OF ELSA
    102 DIANA ST
    ELSA,TX78543     		NONE GOV CHARITABLE 102,935
    CITY OF LOS FRESNOS
    520 E Ocean Blvd
    LOS FRESNOS,TX78566     		NONE GOV CHARITABLE 384,025
    CITY OF PHARR
    118 S Cage Blvd
    PHARR,TX78577     		NONE GOV CHARITABLE 277,196
    IDEA PUBLIC SCHOOLS
    2115 W Pike Blvd
    Weslaco,TX78596     		NONE PC CHARITABLE 193,464
    MOODY CLINIC
    1901 E 22nd Street
    BROWNSVILLE,TX78521     		NONE PC CHARITABLE 100,000
    UNITED WAY OF SOUTHERN CAMERON COUNTY
    634 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 316,947
    Access Esperanza
    916 E Hackberry Ave Suite B
    McAllen,TX78501     		NONE PC CHARITABLE 50,000
    AMI Kids
    27615 Buena Vista Blvd
    Los Fresnos,TX78566     		NONE PC CHARITABLE 30,000
    Boys & Girls Club Pharr
    1026 S Fir St
    Pharr,TX78577     		NONE PC CHARITABLE 35,000
    Cameron County Children's Advocacy
    2220 Haine Dr Suite 38
    Harlingen,TX78550     		NONE PC CHARITABLE 30,000
    Capable Kids
    1223 E Hackberry Ave
    McAllen,TX78501     		NONE PC CHARITABLE 30,000
    Children's Bereavement Center
    2302 S 77 Sunshine Strip 202
    HARLINGEN,TX78550     		NONE PC CHARITABLE 150,000
    Children's Hunger Fund
    4940 Eisenhauer Rd 146
    San Antonio,TX78218     		NONE PC CHARITABLE 35,500
    City of Alton
    509 S Alton Blvd
    Alton,TX78573     		NONE GOV CHARITABLE 62,928
    Community Development of Brownsville
    901 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 136,341
    Community Hope Projects
    2332 Jordan Rd
    Mcallen,TX78503     		NONE PC CHARITABLE 100,000
    El Milagro Clinic
    901 Vermont Ave E
    McAllen,TX78503     		NONE PC CHARITABLE 75,000
    Family Crisis Center
    616 W Taylor
    HARLINGEN,TX78550     		NONE PC CHARITABLE 100,000
    Family Endeavors
    6363 De Zavala Rd
    San Antonio,TX78249     		NONE PC CHARITABLE 35,000
    Harlingen Area Educational Foundation
    407 N 77 Sunshine Strip
    HARLINGEN,TX78550     		NONE PC CHARITABLE 50,000
    Harlingen Housing Authority
    219 E Jackson Ave
    HARLINGEN,TX78550     		NONE PC CHARITABLE 191,232
    MHP Salud
    3102 US-83 BUS G
    Weslaco,TX78596     		NONE PC CHARITABLE 198,139
    Planned Parenthood South Texas
    2140 Babcock Rd 201
    san antonio,TX78229     		NONE PC CHARITABLE 50,000
    Prevent Blindness Texas
    2180 N Loop W 435
    HOUSTON,TX77018     		NONE PC CHARITABLE 12,500
    Proyecto Desarrollo Humano
    17617 Sabal Palm Dr
    Penitas,TX78576     		NONE PC CHARITABLE 20,971
    South Texas Juvenile Diabetes Association
    313 W Nolana Ave
    mcallen,TX78504     		NONE PC CHARITABLE 49,550
    STAIVA
    519 E Madison St
    Brownsville,TX78521     		NONE PC CHARITABLE 28,750
    Su Casa de Esperanza
    8000 Cisne St
    Pharr,TX78577     		NONE PC CHARITABLE 30,000
    Syracuse University
    950 Irving Ave
    Syracuse,NY13244     		NONE PC CHARITABLE 285,059
    TADSAW
    13423 Blanco Rd 218
    San Antonio,TX78216     		NONE PC CHARITABLE 25,000
    Texas Ramp Project
    PO Box 832065
    Richardson,TX750832065     		NONE PC CHARITABLE 25,000
    Tip of Texas Family Outreach
    455 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 40,354
    Town of Combes
    21626 Hand Rd
    Harlingen,TX78552     		NONE GOV CHARITABLE 62,709
    Tropical Texas Behavioral Health
    1901 S 24th Ave
    Edinburg,TX78539     		NONE PC CHARITABLE 500,000
    TX Children's HospitalVannie E Cook
    101 W Expy 83
    McAllen,TX78503     		NONE PC CHARITABLE 100,000
    UTHSC - Houston
    7000 Fannin St
    Houston,TX77030     		NONE PC CHARITABLE 251,491
    UTRGV - THRIVE
    1201 W University Dr
    Edinburg,TX78539     		NONE PC CHARITABLE 14,562,500
    92 NURSING SCHOLARSHIPS RANGING FROM 250-1000
    C/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I NURSING SCHOLARSHIP 83,500
    80 vouchers for mammograms or breast prosthetics
    C/O 1267 NORTH STUART PLACE ROAD
    HARLINGEN,TX78552     		NONE I PROVIDE MAMMOGRAMS OR BREAST PROSTHETICS 9,234
    Total .................................bullet 3a 20,143,361
    bApproved for future payment
    IT'S TIME TEXAS
    911 W Anderson Ln Ste 202
    AUSTIN,TX78757     		NONE PC CHARITABLE 286,582
    UTHSC - HOUSTON
    7000 FANNIN ST
    Houston,TX77030     		NONE PC CHARITABLE 496,810
    SYRACUSE UNIVERSITY
    950 IRVING AVE
    Syracuse,NV13244     		NONE PC CHARITABLE 333,623
    MHP SALUD
    3102 US-83 BUS G
    WESLACO,TX78596     		NONE PC CHARITABLE 201,861
    Harlingen Neighborhood Food Pantry
    PO Box 937
    Harlingen,TX78551     		NONE PC CHARITABLE 260,055
    CHILDREN'S BEREAVEMENT CENTER
    2302 S 77 SUNSHINE STRIP 202
    Harlington,TX78550     		NONE PC CHARITABLE 150,000
    COMMUNITY DEVELOPMENT OF BROWNSVILLE
    901 E Levee St
    Brownsville,TX78520     		NONE PC CHARITABLE 139,426
    Total .................................bullet 3b 1,868,357
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    26 23,138,441  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMANAGEMENT FEE REVENUE     		541610 25,000   0  
    bPARTNERSHIP INCOME 901101 -1,186 01 90,044  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 23,814 33,075,718  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    33,099,532
    (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
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Valley Baptist Legacy Foundation
     
    Employer identification number

    74-1936869
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number
    74-1936869
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    MM NA EVERETT FOUNDATION
    BOA 901 MAIN ST 19TH FLOOR
     
    DALLAS, TX75202

    		$ 10,708


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    TR UA JOHN O REBER MEM COBALT
    BOA 901 MAIN ST 19TH FLOOR
     
    DALLAS, TX75202

    		$ 15,763


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    TENET HEALTH - VALLEY HEALTHCARE NE
    PO Box 809074
     
    Dallas, TX753809074

    		$ 43,400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    ESTATE OF SUSAN V TRAHAN
    814 Hackberry Ct
     
    Brownsville, TX785208319

    		$ 33,519


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number

    74-1936869
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Valley Baptist Legacy Foundation
          		Employer identification number

    74-1936869
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

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

    TY 2021 DepreciationSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    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

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Name of Bond End of Year Book Value End of Year Fair Market Value
    UBS - SEE ATTACHMENT 8-1 39,686,294 39,686,294
    BOA - SEE ATTACHMENT 8-2 23,054,894 23,054,894

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Name of Stock End of Year Book Value End of Year Fair Market Value
    UBS - SEE ATTACHMENT 7-1 151,944,606 151,944,606
    BOA - SEE ATTACHMENT 7-2 152,835,547 152,835,547

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    US Government Securities - End of Year Book Value:

    16,804,822
    US Government Securities - End of Year Fair Market Value:

    16,804,822
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2021 InvestmentsOtherSchedule2
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SANTE HEALTH VENTURES   5,446,066 5,446,066
    HEALTH ENTERPRISE PARTNERS   2,427,274 2,427,274
    UBS - SEE ATTACHMENT 9-1   4,249,622 4,249,622
    BOA - SEE ATTACHMENT 9-2   5,574,445 5,574,445
    BOA - SEE ALT INV ATT 9-3   9,571,262 9,571,262
    TIFF ABSOLUTE RETURN POOL II   5,757,329 5,757,329
    BLACKSTONE OFFSHORE PE FUND IV   10,600,380 10,600,380
    PRISA LP   12,213,786 12,213,786
    BLACKSTONE TOTAL ALT SLTS V-A   2,371,130 2,371,130
    CANYON DISTRESSED OPP FUND III   1,879,158 1,879,158

    TY 2021 OtherAssetsSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ENDOWMENT FUNDS 9,327,439 10,990,886 10,990,886
    RESTRICTED BURIAL PLOT 925 925 925
    INTEREST RECEIVABLE 252,729 225,190 225,190
    INSURANCE POLICIES CASH VALUE 876,277 867,757 867,757
    OTHER RECEIVABLE 33,740 19,362 19,362
    NOTE RECEIVABLE 361,812 345,477 345,477
    LAND HELD FOR RESALE 730,000 675,000 675,000


    TY 2021 OtherDecreasesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Amount
    BOOK/TAX DIFFERENCES FROM K-1S 104,810


    TY 2021 OtherExpensesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE AND COMPUTER EXPENSE 108,568 10,125   90,493
    INSURANCE 43,706 3,199   32,103
    OTHER EXPENSE 28,171     29,598
    PURCHASED SERVICES 33,322 2,293   20,110
    PORTFOLIO EXPENSES 260,524 260,524    


    TY 2021 OtherIncomeSchedule2
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    MANAGEMENT FEE REVENUE 25,000    
    PARTNERSHIP INCOME 88,858 90,044  


    TY 2021 OtherIncreasesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Amount
    TEMP & PERM RESTRICTED NET ASSET CHANGES 1,783,884
    UNREALIZED GAIN 34,243,479


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Description Beginning of Year - Book Value End of Year - Book Value
    ANNUITY LIABILITIES 2,228,237 2,114,976


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    UBS INVESTMENT MGMT FEES 175,683 175,683    
    BOA INVESTMENT MGMT FEES 999,210 999,210    


    TY 2021 TaxesSchedule
    Name:
    Valley Baptist Legacy Foundation
    EIN:
    74-1936869
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 51,086 4,630   46,456
    FEDERAL EXCISE TAX 446,247