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
The Cockrell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3737 Buffalo Speedway 1100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

74-6076993
B Telephone number (see instructions)

(713) 209-7500
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$257,272,965J 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 6,813 6,813  
4 Dividends and interest from securities... 2,901,858 2,901,858  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 24,326,052
b Gross sales price for all assets on line 6a 58,526,443
7 Capital gain net income (from Part IV, line 2)... 24,257,228
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 2,270,450 2,234,730  
12 Total. Add lines 1 through 11........ 29,505,173 29,400,629  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 4,238 0   4,238
b Accounting fees (attach schedule)....... Click to see attachment 54,735 25,368   27,367
c Other professional fees (attach schedule).... Click to see attachment 1,142,463 1,062,463   80,000
17 Interest............... 180 0   180
18 Taxes (attach schedule) (see instructions)... Click to see attachment 437,972 45,972   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 3,821 0   3,821
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,207,664 1,048,711   23,512
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,851,073 2,182,514   139,118
25 Contributions, gifts, grants paid....... 9,258,078 9,258,078
26 Total expenses and disbursements. Add lines 24 and 25 12,109,151 2,182,514   9,397,196
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 17,396,022
b Net investment income (if negative, enter -0-) 27,218,115
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 10,179,038 10,389,829 10,389,829
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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.......... 32,580 39,808 39,808
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 88,518,890 Click to see attachment94,668,677 166,387,760
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet2,745
Less: accumulated depreciation (attach schedule) bullet   2,745 2,745 2,745
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,720,010 Click to see attachment52,748,226 80,452,823
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 140,453,263 157,849,285 257,272,965
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 140,453,263 157,849,285
29 Total net assets or fund balances (see instructions)..... 140,453,263 157,849,285
30 Total liabilities and net assets/fund balances (see instructions). 140,453,263 157,849,285
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
140,453,263
2
Enter amount from Part I, line 27a .....................
2
17,396,022
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
157,849,285
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
157,849,285
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      
b From Sch K-1 (Form 1065) P    
c Capital gain distributions P    
d
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 44,302,704   34,194,652 10,108,052
b 8,751,886     8,751,886
c 5,397,290     5,397,290
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       10,108,052
b       8,751,886
c       5,397,290
d
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 24,257,228
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........................... 3 378,332
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- ..... 5 378,332
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 269,404
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 275,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 544,404
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 112
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 10 165,960
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet165,960 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.cockrellfoundation.org
    14
    The books are in care ofbulletSherrie Reinhackel Telephone no.bullet (713) 209-7560

    Located atbullet3737 Buffalo Speedway 1100HoustonTX ZIP+4bullet77098
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    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
     
    No
    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
    Ernest H Cockrell President/Dir
    2.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    David A Cockrell Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ernest D Cockrell Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Janet S Cockrell Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Milton T Graves Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    J Webb Jennings III Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Ronald T Nixon Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Laura J Turner Director
    1.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    Sherrie J Reinhackel Vice President
    0.00     		0 0 0
    3737 Buffalo Speedway 1100
    Houston,TX77098
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Brown Advisory Investment management 201,579
    901 S Bond St Ste 400
    Baltimore,MD21231
    Asset Consulting Group LLC Investment management 159,518
    231 South Bemiston Avenue 14th Fl
    St Louis,MO63105
    Aristotle Capital Management LLC Investment management 159,409
    11100 Santa Monica Blvd Suite 1700
    Los Angeles,CA90025
    Integrity Asset Management Investment management 154,037
    1340 Depot Street Suite 201
    Rocky River,OH44116
    William Blair Investment Management Investment management 148,917
    666 Fifth Ave 14th Floor
    New York,NY10103
    Total number of others receiving over $50,000 for professional services.............bullet3
    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
    167,153,099
    b
    Average of monthly cash balances.......................
    1b
    11,164,327
    c
    Fair market value of all other assets (see instructions)................
    1c
    65,516,110
    d
    Total (add lines 1a, b, and c).........................
    1d
    243,833,536
    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
    243,833,536
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,657,503
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    240,176,033
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    12,008,802
    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
    12,008,802
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    378,332
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    378,332
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,630,470
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    11,630,470
    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
    11,630,470
    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 11,630,470
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 9,258,078
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 9,397,196
    a Applied to 2020, but not more than line 2a 9,258,078
    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..... 139,118
    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 ..........     		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 ..........     		11,491,352
    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) ...     		0
    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....  
    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:
    Margaret Baker The Cockrell Foundat
    3737 Buffalo Speedway 1100
    Houston,TX77098
    (713) 209-7500
    www.cockrellfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    A copy of IRC 501(c)(3) exemption determination letter is required. No other special forms are required. See the Foundation's website (www.cockrellfoundation.org) for specific information requested to be included with an application.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are made primarily in Houston, Texas. No grants are made to organizations outside of the US or out of Texas unless the purpose of the grant is to benefit a Houston, Texas project. Limited funds are available for grants outside of Houston and such grant requests are discouraged.
    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
    Beatrice Mays Institute
    5807 Calhoun Road
    Houston,TX77021     		N/A PC General support 10,000
    Bo's Place
    10050 Buffalo Speedway
    Houston,TX77054     		N/A PC General support in honor of Christie Sullivan and Millette Sherman 1,500
    Chapelwood United Methodist Church
    11140 Greenbay St
    Houston,TX77024     		N/A PC General support 20,000
    Episcopal High School
    4650 Bissonnet St
    Bellaire,TX77401     		N/A PC General support 4,000
    Free Enterprise Institute
    9600 Long Point Rd 300
    Houston,TX77055     		N/A PC Support the 2021 Annual Freedom Fund 35,000
    Grace Bible Church
    6325 Hurst St
    Houston,TX77008     		N/A PC General support 5,000
    Habitat for Horses
    PO Box 213
    Hitchcock,TX77563     		N/A PC Support for feed for the horses 5,000
    Houston Museum of Natural Science
    5555 Hermann Park Dr
    Houston,TX77030     		N/A PC Support for the Virginia and Ernest Cockrell, Jr. Permanently Restricted Endowment and the Virginia and Ernest Cockrell Jr. Opportunity Fund 1,438,858
    IDEA Public Schools
    2115 West Pike Blvd
    Weslaco,TX78596     		N/A PC Support launch of ten pre-K-12 schools in Houston 1,000,000
    MD Anderson Cancer Center
    PO Box 4486
    Houston,TX77210     		N/A GOV Support multiple myeloma research 20,000
    MD Anderson Cancer Center
    PO Box 4487
    Houston,TX77211     		N/A GOV Endowment grant for Scholarships and ChairsEndowment grant for Scholarships and Chairs 1,438,858
    Methodist Hospital Foundation
    PO Box 4384
    Houston,TX77210     		N/A PC Support to establish the St. Francis of Assisi Centennial Endowed Chair in Immunology at Houston Methodist Immunology Center 250,000
    Methodist Hospital Foundation
    PO Box 4385
    Houston,TX77211     		N/A PC Support the Center for Peforming Arts Medicine (CPAM) "Cockrell Foundation Music Fund for Holistic Health" 20,000
    Methodist Hospital Foundation
    PO Box 4386
    Houston,TX77212     		N/A PC Support the Virginia and Ernest Cockrell, Jr. Permanently Restricted Endowment for the Cockrell Center for Advanced Therapeutics 1,438,858
    Philanthropy Roundtable
    1120 20th St NW 550S
    Washington,DC20036     		N/A PC General support 10,000
    Second Baptist Church
    6400 Woodway Dr
    Houston,TX77057     		N/A PC Support Second Loves Kids 20,000
    Small Steps Nurturing Center
    2902 Jensen Drive
    Houston,TX77026     		N/A PC General support in honor of the Snyders 2,500
    SpringSpirit Inc
    8526 Pitner Rd
    Houston,TX77080     		N/A PC General support in honor of Lance Berkman and Kevin Witt 2,000
    Texas A&M Foundation
    401 George Bush Drive
    College Station,TX77840     		N/A GOV Support five Harris County participants in the Entrepreneurship Bootcamp for Veterans program in July or December 2021 17,500
    The Brookwood Community Inc
    1752 FM 1489
    Brookshire,TX77423     		N/A PC General support for Harris County residents who participate in day programs or for residents at Brookwood whose parents or guardians reside in Harris County 5,000
    The Center for Pursuit
    810 Marston St
    Houston,TX77019     		N/A PC General support 5,000
    The Kinkaid School Inc
    201 Kinkaid School Drive
    Houston,TX77024     		N/A PC Support the Kinkaid Fund 7,500
    The Kinkaid School Inc
    202 Kinkaid School Drive
    Houston,TX77025     		N/A PC Support the "Go West" Capital Campaign 2,500
    The Menil Collection
    1519 Branard Street
    Houston,TX77006     		N/A PC General support 10,000
    The Second Baptist School Foundation Inc
    6410 Woodway Dr
    Houston,TX77057     		N/A PC Support for the band department in honor of Mr. Hickenbottom and support for the baseball program 5,000
    University of Texas Foundation
    PO Box 250
    Austin,TX78767     		N/A GOV Endowment grant for Scholarships and Chairs 3,484,004
    Total .................................bullet 3a 9,258,078
    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 6,813  
    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 ............     		525990 68,824 18 24,257,228  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPassthrough K-1 income     		525990 35,720 14 1,764,399  
    bOil & gas royalties     15 470,331  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 104,544 29,400,629 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    29,505,173
    (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:
    The Cockrell Foundation
    EIN:
    74-6076993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit services 44,935 22,468   22,467
    Tax compliance fees 9,800 2,900   4,900

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

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065) - AG Realty Fund VIII, LP   Purchased       3,167 Cost 0 -3,167  
    From Sch K-1 (Form 1065) - Apollo Investment   Purchased     29,047   Cost 0 29,047  
    From Sch K-1 (Form 1065) - Apollo Investment   Purchased     19,368   Cost 0 19,368  
    From Sch K-1 (Form 1065) - Warburg Pincus (Ganymede) PE XII (Cayman) LP   Purchased     11,565   Cost 0 11,565  
    From Sch K-1 (Form 1065) - Warburg Pincus PE (E&P) XII (A) LP   Purchased     378   Cost 0 378  
    From Sch K-1 (Form 1065) - Warburg Pincus (Callisto) Global Growth (Cayman)   Purchased     14,205   Cost 0 14,205  
    From Sch K-1 (Form 1065) - Warburg Pincus Global Growth (E&P) -1 LP   Purchased       2,572 Cost 0 -2,572  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1313 10X Genomics Inc-Class A 204,108 195,584
    4523 Abbott Laboratories 118,135 636,567
    6170 Abbvie Inc. 258,603 835,418
    939 Abiomed Inc 256,086 337,261
    4256 Acadia Healthcare Co Inc 214,929 258,339
    4082 Adobe Systems Inc CMN 649,311 2,314,739
    1042 Agco Corp Com 140,484 120,893
    2961 Alarm.Com Holdings Inc 200,957 251,122
    1215 Alaska Air Group Inc 44,093 63,302
    3812 Alcoa Corp Com 27,391 227,119
    9212 Alcon Inc 507,950 802,549
    2542 Allete Inc Com New 191,138 168,662
    827 Alphabet Inc. CMN Class C 529,707 2,392,999
    2125 Altra Industrial 125,057 109,586
    314 Amazon.Com Inc CMN 124,223 1,046,983
    961 Amedisys Inc 115,546 155,567
    1235 American Finl GRP 152,334 169,590
    3076 Ameriprise Finl Inc 319,946 927,906
    5273 Amgen Inc 1,053,176 1,186,267
    3121 Ansys Inc CMN 379,569 1,251,896
    3856 Apartment Income 151,161 210,808
    31364 Apple Inc 141,315 5,569,305
    4715 Aramark Com 150,462 173,748
    3016 Arconic Corporation 68,157 99,558
    3423 Ares Management Corp 110,237 278,187
    558396 Artisan Partners 17,592,481 23,664,803
    3120 Artisan Partners 158,712 148,637
    626 Asbury Automotive 61,917 108,129
    2000 Asml Holding NV-NY Reg SHS 173,973 1,592,280
    1006 Assurant Inc 107,374 156,795
    2049 Assured Guaranty LTD 87,205 102,860
    1547 Atkore Intl Group 71,010 172,011
    4003 Atlantic Un 153,883 149,272
    3829 Autodesk Inc 541,095 1,076,677
    2700 Automatic Data Processing 99,409 665,766
    1884 Avalara Inc 148,400 243,243
    2089 Axon Enterprise Inc 186,297 327,973
    5582 Beauty Health Co/The 156,714 134,861
    2782 Belden Inc 136,979 182,861
    723 Bio-Techne Corp 195,470 374,037
    1600 BlackRock, Inc. CMN 366,793 1,464,896
    4535 Blackstone Mortgage 121,962 138,862
    5149 Bloomin Brands Inc 133,873 108,026
    1933 Blueprint Medicines Corp 205,040 207,044
    2196 Bright Horizons Family Solut 285,264 276,432
    4918 Brink's Co/The 355,487 322,473
    11008 Bristol-Myers Squibb 695,555 686,349
    3799 Brooks Automation Inc 128,748 391,715
    7948 Brown Forman CRP CL B 369,902 579,091
    1638 Brunswick Corp 56,040 164,996
    9863 Builders Firstsource 447,300 845,358
    1133 Burlington Stores Inc 245,814 330,281
    7031 BWX Technologies Inc 345,105 336,644
    126 Cable One Inc-W/I 81,021 222,195
    35032 Cabot Oil & Gas Corp 595,051 665,608
    4140 Cactus Inc CL A 157,298 157,858
    1315 Caesars 51,996 122,992
    13214 Cameco Corp 92,965 288,197
    7160 Capital One Financial Corp CMN 637,299 1,038,844
    2089 Capri Holdings LTD 111,922 135,597
    807 Carlisle Cos Inc Com 101,271 200,233
    5700 CDN Pacific RY LTD New 139,750 410,058
    1916 Celsius Holdings Inc 118,577 142,876
    4986 Certara Inc 129,585 141,702
    2890 CF Industries Holdings Inc 150,464 204,554
    1060 Charles River Laboratories 306,746 399,387
    773 Chart Inds Inc Com 134,520 123,286
    500 Chemed Corp 239,419 264,520
    11519 Chevron Corporation 865,951 1,351,755
    10724 Chewy Inc CMN Class A SRS 25981693 865,135 632,394
    8500 Chubb LTD 1,007,359 1,643,135
    2537 Ciena Corp Com New 140,405 195,273
    6373 Cincinnati Financial 397,873 726,076
    6960 Cinemark HLDGS Inc 177,764 112,195
    2516 Cintas Corporation CMN 445,919 1,115,016
    8461 Cisco Systems, Inc. CMN 395,751 536,174
    1385 Clean HBRS Inc 88,699 138,181
    9493 Cleveland Cliffs Inc 194,143 206,663
    27491 Coca-Cola 973,506 1,627,742
    12060 Comcast Corp. CMN Class A 410,355 606,980
    2359 Comerica Inc 149,762 205,233
    6382 Commerce Bancshares 302,666 438,699
    14737 Conduent Inc Com 84,491 78,696
    4719 Consol Energy Inc 148,714 107,168
    2593 Constellation Brands 609,333 650,765
    21900 Corteva Inc Com 569,455 1,035,432
    1663 Costco Wholesale Corporation CMN 167,206 944,085
    16997 Coty Inc 120,079 178,469
    2977 Coupa Software Inc 677,939 470,515
    1405 Crane Co Com 85,533 142,931
    4737 Crown Castle Intl 766,210 988,801
    3893 Crown Holdings Inc 247,938 430,644
    4968 Cullen Frost Bankers 490,465 626,316
    5029 Danaher Corporation CMN 419,110 1,654,591
    3442 Denbury Inc 213,853 263,623
    4746 Devon Energy Corp 50,069 209,061
    2036 Dexcom Inc 151,524 1,093,230
    2000 Diageo ADR Each Repr 232,235 440,280
    1829 Diamondback Energy Inc 118,012 197,258
    15830 Diamondrock 142,599 152,126
    6482 Dynatrace Holdings LLC CMN 366,498 391,189
    6574 East West Bancorp Inc 388,113 517,242
    3816 Ecolab Inc CMN 858,511 895,195
    2211 Edgewell Pers Care 81,941 101,065
    9257 Edwards Lifesciences Corp CMN 362,183 1,199,244
    19359 Elanco Animal Health 424,285 549,408
    1256 Emcor Group Inc 36,079 160,002
    2416 Encompass Health Corporation Com 140,622 157,668
    1141 Enpro Industries Inc 67,497 125,590
    1833 Entegris Inc 97,711 254,017
    4579 Equity Lifestyle 217,779 401,395
    3143 Estee Lauder Cos Inc CL-A CMN Class A 217,671 1,163,539
    4274 Euronet Worldwide Inc 462,847 509,333
    4400 Exxon Mobil Corporation 304,005 269,236
    4200 Facebook, Inc. CMN Class A 530,906 1,412,670
    1356 Federal RLTY Invt TR 161,377 184,850
    2728 First Indl RLTY TR 114,036 180,594
    1080 Firstservice Corp 34,972 212,188
    8664 Flex LTD Com Usd0.01 93,342 158,811
    44000 Ford MTR Co Del Com 670,404 913,880
    2744 Formfactor Inc 116,769 125,456
    1847 Fox Factory Holding Corp 275,336 314,175
    3598 Gaming & Leisure P 130,890 175,079
    5898 Gap Inc Com 157,065 104,100
    2800 General Dynamics CRP 537,097 583,716
    3947 Granite Construction 158,864 152,749
    5271 Green Plains Inc 147,887 183,220
    2062 Guidewire Software Inc 235,135 234,099
    5626 Halozyme Therapeutics Inc 94,178 226,221
    4776 Hancock Whitney Corp 161,378 238,896
    894 Hanover Ins Group 108,141 117,168
    4028 Healthequity Inc 205,316 178,199
    1152 Heico Corp-Class A 32,189 148,055
    584 Helen Of Troy LTD 115,071 142,770
    3076 Herman Miller Inc 118,181 120,548
    3878 Highwoods PPTYS Inc 185,151 172,920
    5310 Honeywell Intl Inc CMN 1,113,076 1,107,188
    2498 Horizon Therapeutics PLC 29,903 269,184
    4898 Howmet Aerospace Inc 134,204 155,903
    5536 Hudson Pac PPTYS Inc Com 155,311 136,795
    3295 Idex Corporation Common Stock 667,139 778,674
    11349 Infinera Corp Com 74,818 108,837
    5190 Insmed Inc 162,804 141,376
    961 Inspire Medical Systems Inc 194,334 221,088
    3300 Intercontinental Exchange Inc. 149,191 451,341
    3192 Intl Business Machines Corp CMN 381,003 426,643
    2321 Intuit Inc CMN 271,835 1,492,914
    4138 Intuitive Surgical, Inc. CMN 192,093 1,486,783
    6820 Invesco LTD 100,380 156,996
    1672 ITT Inc Com 76,652 170,862
    2035 Jabil Inc 52,062 143,162
    987 Jazz Pharmaceuticals 124,710 125,744
    13200 Johnson Controls 510,759 1,073,292
    6947 JPMorgan Chase & Co CMN 151,031 1,100,057
    7201 Kinder Morgan Inc CMN Class P 210,769 114,208
    533 Kinsale Cap Group 73,103 126,795
    1865 Kirby Corp 97,551 110,818
    2602 Knight Swift Transn 130,693 158,566
    1679 Korn Ferry Com New 49,049 127,151
    908 Kornit Digital LTD 143,043 138,243
    3507 L3harris Technologies Inc CMN 678,759 747,833
    625 Lear Corp New Com 63,881 114,344
    11200 Lennar Corp 510,058 1,300,992
    202 Lennar Corp CL B 8,685 19,315
    12973 Leslie's Inc 315,195 306,941
    1353 Ligand Pharmaceuticals 118,535 208,984
    1123 Lincoln Electric Holdings 74,303 156,625
    1576 Lincoln National 64,592 107,578
    3180 Linde PLC CMN 519,787 1,101,647
    7763 Lions Gate 100,363 119,473
    1675 Live Nation Entertainment In 58,824 200,481
    1189 LPL Finl HLDGS Inc 41,195 190,347
    1756 Lululemon Athletica Inc. CMN 375,506 687,386
    6658 Mack Cali Realty 125,492 122,374
    4670 Macys Inc Com 106,164 122,261
    1241 Manpowergroup Inc 83,546 120,787
    3403 Martin Marietta Materials 746,712 1,499,090
    3092 Mastercard Inc. CMN Class A 961,839 1,111,017
    6572 Match Group, Inc. CMN 767,209 869,147
    3000 Mcdonald's Corp 169,041 804,210
    8330 Medical PPTYS TR Inc 157,635 196,838
    6500 Medtronic PLC 557,569 672,425
    5000 Merck & Co. Inc. 41,095 383,200
    3650 Mercury Systems Inc 284,635 200,969
    2927 Merit Medical Systems Inc 146,873 182,352
    4629 Meritor Inc Com 86,881 114,707
    8950 Mgic Invst Corp Wis 113,482 129,059
    1248 MGP Ingredients Inc 98,707 106,068
    25052 Michelin(cie Gle Des 757,435 821,355
    12180 Microchip Technology 454,049 1,060,391
    16486 Microsoft Corporation 1,325,312 5,544,572
    69300 Mitsubishi UFJ Finl 406,608 378,378
    1473 MKS Instruments Inc 195,910 256,552
    2061 Molson Coors 96,265 95,527
    5270 Mosaic Co New Com 117,170 207,058
    5333 National Instruments Corp 215,266 232,892
    4842 National Vision Holdings Inc 146,849 232,368
    3317 NCR Corp 98,840 133,343
    6415 Nestle SA Sponsored ADR 225,762 897,247
    4592 New Fortress Energy Inc 210,582 110,851
    5481 Newell Brands Inc 110,405 119,705
    1089 Nexstar Media Group 110,517 164,417
    1235 Nice LTD 110,932 374,946
    5100 Nike Class-B CMN Class B 293,600 850,017
    6761 Norwegian Cruise 138,302 140,223
    1151 Novanta Inc 74,128 202,956
    7500 Novo-Nordisk A S ADR 70,441 840,000
    3866 Nvent Electric PLC 92,334 146,908
    5806 NXP Semiconductors N.V. CMN 643,538 1,322,491
    3949 Olin Corp New 45,748 227,146
    2991 On Semiconductor CRP 56,940 203,149
    5415 Organon & Co CMN 193,140 164,887
    1170 Oshkosh Corp Com 97,399 131,871
    2860 Overstock.Com Inc 219,617 168,769
    5927 Pacific Biosciences Of Calif 165,066 121,266
    4992 Pacwest Bancorp Del 141,965 225,489
    3084 Parker Hannifin Corp 511,572 981,082
    8075 Paypal Holdings Inc CMN 379,418 1,522,784
    3862 PDC Energy Inc Com 45,918 188,388
    1408 Pegasystems Inc 187,936 157,443
    1300 Penumbra Inc 234,865 373,516
    8430 Peoples United 138,265 150,223
    4000 Pepsico Inc 245,221 694,840
    8556 Performance Food 368,860 392,635
    3770 Perrigo Co PLC SHS 222,744 146,653
    16781 Philip Morris Intl. 821,644 1,594,195
    5600 Phillips 66 Com 446,000 405,776
    14092 Pinterest Inc CMN Class A 915,902 512,244
    4289 PNC Financial 500,051 860,030
    817 Primerica Inc Com 44,774 125,222
    9716 Procter And Gamble 837,199 1,589,343
    2260 Pultegroup Inc 72,634 129,182
    14503 Pure Storage Inc CL A 290,247 472,073
    6524 Qualcomm Inc 483,807 1,193,044
    1481 Quanta Services Inc 70,272 169,811
    1466 Ralph Lauren Corp 161,623 174,249
    893 Regal Beloit Corp 98,674 151,971
    1117 Reinsurance Group Amer Inc New 116,519 122,300
    4054 Revolve Group Inc 260,387 227,186
    3530 Ritchie Bros Auctioneers 112,182 216,071
    9713 Roche Holding AG ADR 333,335 505,163
    1712 Roper Technologies Inc CMN 305,557 842,064
    7662 RPM Intl Inc 469,737 773,862
    1620 Ryder System Inc 66,401 133,537
    580 Saia Inc Com 65,778 195,477
    3036 Sba Communications Corp 281,420 1,181,065
    3968 Select Medical 58,386 116,659
    2444 Servicenow Inc CMN 1,378,869 1,586,425
    3203 Sherwin-Williams Co CMN 423,817 1,127,968
    786 Shopify Inc. CMN Class A 758,266 1,082,629
    10090 Site Centers Corp 119,171 159,725
    2319 Skywest Inc 94,895 91,137
    1029 Solaredge Technologies Inc 317,293 288,707
    9000 Sony Corp Spon ADR 420,347 1,137,600
    2538 South State Corp 181,749 203,319
    2811 Spire Inc Com 185,659 183,333
    3222 Spirit Aerosystems 148,750 138,836
    5166 Stem Inc 97,152 97,999
    3258 Steven Madden LTD 94,584 151,399
    2301 Stifel Finl Corp 53,516 162,036
    3491 Store Cap Corp Com 99,727 120,090
    4440 Summit Matls Inc CL 128,307 178,222
    2058 Sun CMNTYS Inc 200,906 432,118
    4535 Synovus Financial 167,229 217,090
    5597 Tegna Inc Com 69,628 103,880
    6236 Texas Instruments Inc. CMN 158,676 1,175,299
    2304 Textron Inc 148,627 177,869
    2133 Thermo Fisher Scientific Inc CMN 325,305 1,423,223
    2739 Travel Plus Leisure 92,542 151,385
    3663 Trex Co Inc 119,894 494,615
    3570 Trinity Industries 71,043 107,814
    1790 Twist Bioscience Corp 193,316 138,528
    13400 Twitter Inc Com 459,073 579,148
    6900 Tyson Foods Inc CL A 522,999 601,404
    3492 Ugi Corp New Com 110,115 160,318
    2750 Union Pacific Corp. CMN 292,999 692,808
    6061 Univar Inc Com 155,059 171,829
    3921 Varonis Systems Inc 102,647 191,266
    3604 Veeva Systems Inc-Class A 1,028,473 920,750
    4400 Veracyte Inc 109,349 181,280
    2900 Verint SYS Inc Com 106,578 152,279
    7004 Vici PPTYS Inc Com 157,281 210,890
    2215 Victorias Secret And 133,730 123,021
    10987 Virtu Financial Inc-Class A 240,231 316,755
    2500 Visa Inc. CMN Class A 174,523 541,775
    1108 Visteon Corp Com New 87,511 123,143
    7797 Vistra Energy Corp 140,469 177,538
    2352 Voya Finl Inc Com 87,953 155,961
    1412 Wabtec Corp CMN 108,272 130,059
    6100 Walgreens Boots Alliance, Inc. CMN 506,139 318,176
    2587 Western Alliance 173,025 278,491
    1588 Westlake Chem Corp 68,790 154,242
    2780 Whiting Pete Corp 95,375 179,810
    1958 Wintrust Financial 165,695 177,826
    1300 Wolfspeed Inc 75,185 145,301
    4942 Wolverine World Wide Inc 147,496 142,379
    1659 Workiva Inc 170,523 216,483
    4597 Wyndham Hotels 359,239 412,121
    7215 Xylem Inc Com 581,696 865,223
    4998 Zoetis Inc. CMN Class A 276,613 1,219,662
    2451 Zurn Water Solutions 53,725 89,216
    48000 Zynga Inc - CL A 315,881 307,200

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Aberdeen Emerging Markets Fund, LLC AT COST 9,028,113 8,990,686
    AG Energy Partners II, LP AT COST 1,480,461 1,302,533
    AG Realty Fund VIII, LP AT COST 351,171 395,915
    Apollo Investment Fund IX, LP AT COST 939,201 1,256,536
    Axiom Emerging Markets Equity Fund AT COST 6,031,806 8,236,112
    Black Stone Minerals, LP AT COST 527,682 4,659,264
    CenterOak Equity Fund I, LP AT COST 977,821 1,522,309
    CVI Credit Value Fund B II LP AT COST 232,604 33,232
    CVI Credit Value Fund B V LP AT COST 446,680 440,802
    Energy Transfer LP AT COST 192,008 258,768
    Enterprise Products Partners LP AT COST 46,980 211,014
    Francisco Partners V-B, L.P. AT COST 1,613,042 2,873,636
    Mineral Interests (Net of Depletion) AT COST 2,577 2,196,729
    Newstone Capital Partners II LP AT COST 135,864 103,020
    RCP Secondary Opp Fund LP AT COST 0 11,891
    Thompson Street Capital Partners III, LP AT COST 487,593 556,306
    Thompson Street Capital Partners IV LP AT COST 929,344 1,860,133
    Thompson Street Capital Partners V LP AT COST 1,306,183 1,916,989
    UBS Trumbull Property Fund AT COST 1,697,355 2,878,266
    Warburg Pincus Global Growth LP AT COST 2,572,192 3,341,175
    Warburg Pincus Private Equity XII LP AT COST 1,671,999 3,791,413
    WCM Focused International Growth Fund LP AT COST 19,987,915 23,503,658
    Weathergage Venture Capital II LP AT COST 591,783 2,108,293
    Weathergage Venture Capital III LP (Cayman) LP AT COST 777,852 5,843,680
    Weathergage Venture Capital IV (Cayman) LP AT COST 720,000 2,160,463

    TY 2021 LegalFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance and counsel 2,700 0   2,700
    Legal expenses 1,538 0   1,538


    TY 2021 OtherExpensesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office expense 3,412 1,588   1,824
    Service fees and other 22,058 11,029   11,029
    Passthrough K-1 expenses 1,171,535 1,036,094   0
    Membership dues and subscriptions 10,659 0   10,659


    TY 2021 OtherIncomeSchedule2
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Passthrough K-1 income 1,800,119 1,764,399 1,800,119
    Oil & gas royalties 470,331 470,331 470,331


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative services 100,000 20,000   80,000
    Investment management fees 1,040,906 1,040,906   0
    Tax reclamation fees 1,557 1,557   0


    TY 2021 TaxesSchedule
    Name:
    The Cockrell Foundation
    EIN:
    74-6076993
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign tax 18,701 18,701   0
    Ad valorem taxes 190 190   0
    Federal excise tax 392,000 0   0
    Severance tax 27,081 27,081   0