Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
Sapphire Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

30-0674167
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$30,746,668J 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) 175,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 4,105 4,105  
4 Dividends and interest from securities... 321,536 320,668  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,047,625
b Gross sales price for all assets on line 6a 6,732,932
7 Capital gain net income (from Part IV, line 2)... 1,068,435
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
List of Attached Documents:
// Content
731,079 480,632 4,888
12 Total. Add lines 1 through 11........ 2,279,345 1,873,840 4,888
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,000     120,000
14 Other employee salaries and wages...... 77,116     77,116
15 Pension plans, employee benefits....... 18,547     18,547
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
89,396 81,896   7,500
17 Interest............... 289     47
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
96,410 13,095    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 12,035     12,035
21 Travel, conferences, and meetings....... 23,791     23,791
22 Printing and publications.......... 929     929
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
342,761 181,606   27,416
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 781,274 276,597   287,381
25 Contributions, gifts, grants paid....... 1,103,500 1,103,500
26 Total expenses and disbursements. Add lines 24 and 25 1,884,774 276,597   1,390,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 394,571
b Net investment income (if negative, enter -0-) 1,597,243
c Adjusted net income (if negative, enter -0-)... 4,888
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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......... 1,232,531 746,823 746,823
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow50,000
Less: allowance for doubtful accounts right arrow   50,000 Click to see attachment
List of Attached Documents:
// Content
50,000 		50,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 361,557 Click to see attachment
List of Attached Documents:
// Content
439,786 		440,958
b Investments—corporate stock (attach schedule)....... 8,353,755 Click to see attachment
List of Attached Documents:
// Content
7,580,636 		7,857,488
c Investments—corporate bonds (attach schedule)....... 357,003 Click to see attachment
List of Attached Documents:
// Content
392,760 		356,156
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 17,938,250 Click to see attachment
List of Attached Documents:
// Content
19,377,662 		20,245,243
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
950,000 		Click to see attachment
List of Attached Documents:
// Content
1,050,000 		Click to see attachment
List of Attached Documents:
// Content
1,050,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,243,096 29,637,667 30,746,668
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 29,243,096 29,637,667
29 Total net assets or fund balances (see instructions)..... 29,243,096 29,637,667
30 Total liabilities and net assets/fund balances (see instructions). 29,243,096 29,637,667
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
29,243,096
2
Enter amount from Part I, line 27a .....................
2
394,571
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
29,637,667
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,637,667
Form 990-PF (2022)
Form 990-PF (2022)
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 Passthrough K1 Capital Gain/(Loss)      
c
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 6,732,932   6,912,527 -179,595
b       1,248,030
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -179,595
b        
c
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 1,068,435
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 22,202
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 22,202
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 22,202
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 20,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 2,600
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 22,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 24
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 574
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow574 Refundedright arrow 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowTN, TX
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
Adriane Crosland Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Andy Crosland Dir, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Ben Crosland Dir, Sec, Exec Dir
40.0 		120,000 3,467 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Sandy Crosland Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Kate Juett Chairman of the Board, Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Ali Treaster Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Justin Treaster Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2022)
Form 990-PF (2022)
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
Reynolds and Park Wealth Management Investment Mgmt 77,896
One Union Sq Ste 100
CHATTANOOGA,TN37402
Total number of others receiving over $50,000 for professional services.............right arrow  
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 SUTHERLAND IMPACT FUND-HOUSING FOR PPL WITH DISAB, SUPPORT UNDRSRVD WOMEN IN BUS, SUPT LITERARY & ARTISTIC WRKS, BUILD HOUSING SOLU, SUSTAINABLE OPER MODELS FOR NON-PROFIT ORGS 200,000
2 GIVS ELEVATE LLC- HOUSING FOR PPL WITH DISAB, SUPPORT UNDRSRVD COMUNTY IN BUS, SUPT LITERARY & ARTISTIC WRKS, BULD HOUSING SOLU, SUSTAINABLE OPER MODELS FOR NON-PROFIT ORGS 100,000
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow300,000
Form 990-PF (2022)
Form 990-PF (2022)
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
9,106,619
b
Average of monthly cash balances.......................
1b
1,018,497
c
Fair market value of all other assets (see instructions)................
1c
19,768,841
d
Total (add lines 1a, b, and c).........................
1d
29,893,957
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
29,893,957
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
448,409
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,445,548
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,472,277
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
1,472,277
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,202
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
19,593
c
Add lines 2a and 2b............................
2c
41,795
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,430,482
4
Recoveries of amounts treated as qualifying distributions................
4
200,000
5
Add lines 3 and 4............................
5
1,630,482
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
1,630,482
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
1,390,881
b
Program-related investments—total from Part VIII-B..................
1b
300,000
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,690,881
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 1,630,482
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 1,169,300
b Total for prior years:2020, 2019, 2018  
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,690,881
a Applied to 2021, but not more than line 2a 1,169,300
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 2022 distributable amount..... 521,581
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022.    
(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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		1,108,901
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 2017 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022.... 0
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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).)
Kate Juett
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 right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2022)
Form 990-PF (2022)
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

AMERICAN CANCER SOCIETY

PO BOX 1685
ATLANTA,GA30303 		N/A PC Cattle Baron's Ball 2022 3,000

AMISTAD MISSION

PO BOX 23030
NASHVILLE,TN37202 		N/A PC General & Unrestricted 10,000

BRIGHT SCHOOL INC

1950 MCDADE LN
CHATTANOOGA,TN37405 		N/A PC General & Unrestricted 1,000

BRIGHTER TOMORROWS INC

928 BLUEBIRD DR
IRVING,TX75061 		N/A PC Emergency Shelter Program 10,000

CAFE MOMENTUM

1510 PACIFIC AVE
DALLAS,TX75201 		N/A PC Super Duper Cookie Company and costs run by Jill Bates 10,000

CARTER ALBRECHT MUSIC FOUNDATION

6627 MISTY CREEK LN
TEMPLE,TX76502 		N/A PC General & Unrestricted 1,000

COMMUNITIES FOUNDATION OF TEXAS

5500 CARUTH HAVEN LN
DALLAS,TX75225 		N/A PC Support of Dallas Truth Racial Healing & Transformation Program 5,000

COMMUNITY RENEWAL OF POTTAWATOMIE COUNTY INC

1000 N KICKAPOO AVE
SHAWNEE,OK74801 		N/A PC Office Equipment 1,000

CRISTO REY DALLAS ACADEMIC CENTER

9701 SAN LEON AVE
DALLAS,TX75217 		N/A SO I General & Unrestricted 5,000

DALLAS CENTER FOR THE PERFORMING ARTS FOUNDATION I

700 N PEARL ST STE N1800
DALLAS,TX75201 		N/A PC General & Unrestricted 10,000

DALLAS CHILDRENS ADVOCACY CENTER

5351 SAMUELL BLVD
DALLAS,TX75228 		N/A PC Art For Advocacy 2022 Sponsorship 15,000

DALLAS COUNTY HISTORICAL FOUNDATION

411 ELM ST
DALLAS,TX75202 		N/A PC For School & Teacher Educational Programs 5,000

DALLAS COUNTY MEDICAL SOCIETY ALLIANCE FOUNDATION

5500 SWISS AVE
DALLAS,TX75214 		N/A PC In Support of Beyond Duty Event 2022 15,000

DALLAS FIREFIGHTERS MUSEUM INCORPORATED

3801 PARRY AVE
DALLAS,TX75226 		N/A PC Assisting Flood Repairs 5,000

DALLAS FOUNDATION A TX NONPROFIT CORPORATION

3000 PEGASUS PARK DR STE 930
DALLAS,TX75247 		N/A PC Aurora Arts- Public Projection Project Grant- April 2022 15,000

DALLAS LEGAL HOSPICE

1825 MARKET CENTER BLVD STE 550
DALLAS,TX75207 		N/A PC Low-Income Legal Services Support 5,000

DALLAS MUSEUM OF ART

1717 N HARWOOD ST
DALLAS,TX75201 		N/A PC Circle Membership 10,000

DALLAS ROTARY CLUB FOUNDATION

PO BOX 601616
DALLAS,TX75360 		N/A PC Salute to America's Veterans Event 2,500

DALLAS ROTARY CLUB FOUNDATION

PO BOX 601616
DALLAS,TX75360 		N/A PC Support of Rotary Lunch 1,000

DALLAS SOCIAL VENTURE PARTNERS

PO BOX 670546
DALLAS,TX75367 		N/A PC Support for Dana Juett Residency 2021-2022 25,000

DALLAS THEATER CENTER

2400 FLORA ST - 8TH FL
DALLAS,TX75201 		N/A PC General & Unrestricted 25,000

DALLAS THEATER CENTER

2400 FLORA ST - 8TH FL
DALLAS,TX75201 		N/A PC Center Stage Gala 2022 Sponsorship 10,000

DALLAS THEATER CENTER

2400 FLORA ST - 8TH FL
DALLAS,TX75201 		N/A PC Gold Circle Benefactor 10,000

DKMS

40 FULTON ST FL 26
NEW YORK,NY10038 		N/A PC DKMS Breakfast 2022 1,000

FOOD FOR THE POOR INC

6401 LYONS RD
COCONUT CREEK,FL33073 		N/A PC General & Unrestricted 5,000

FOREST FORWARD

PO BOX 152929
DALLAS,TX75315 		N/A PC Hello Grant Fund 1,500

FOUNDERS GARDEN CLUB OF DALLAS

25 HIGHLAND PARK VILLAGE STE 100343
DALLAS,TX75205 		N/A PC Luncheon Sponsor 2022 10,000

FRIENDS OF NORTHAVEN TRAIL INC

PO BOX 670325
DALLAS,TX75367 		N/A PC General & Unrestricted 1,000

GIRLS PREPARATORY SCHOOL INC

205 ISLAND AVE
CHATTANOOGA,TN37405 		N/A PC General & Unrestricted 5,000

HIGHLAND PARK MIDDLE

3555 GRANADA AVE
DALLAS,TX75205 		N/A GOV Annual Fund Support 2022-2023 5,000

HONDURAS THREADS

938 W GREENBRIAR LN
DALLAS,TX75208 		N/A PC General & Unrestricted 5,000

IMPACT CITY INITIATIVE

2807 ALLEN ST 813
DALLAS,TX75204 		N/A PC Sustain Program Educational Phase Testing & Office Expenses 30,000

JOHN S BRADFIELD SCHOOL PARENT TEACHER ASSOCIATION

4300 SOUTHERN AVE
DALLAS,TX75205 		N/A PC School Auction 2023 Sponsor 5,000

JOHN S BRADFIELD SCHOOL PARENT TEACHER ASSOCIATION

4300 SOUTHERN AVE
DALLAS,TX75205 		N/A PC Annual Fund Support 2022-2023 5,000

JUBILEE PARK & COMMUNITY CENTER CORPORATION

917 BANK ST
DALLAS,TX75223 		N/A PC Summer Camp Programming 2022 20,000

JUNE SHELTON SCHOOL AND EVALUATION CENTER

17301 PRESTON RD
DALLAS,TX75252 		N/A PC Shelton School Auction Sponsorship 2022 10,000

JUNE SHELTON SCHOOL AND EVALUATION CENTER

17301 PRESTON RD
DALLAS,TX75252 		N/A PC 2023 Auction Sponsor 10,000

JUNE SHELTON SCHOOL AND EVALUATION CENTER

17301 PRESTON RD
DALLAS,TX75252 		N/A PC Capital Campaign 50,000

JUNE SHELTON SCHOOL AND EVALUATION CENTER

17301 PRESTON RD
DALLAS,TX75252 		N/A PC Annual Fund 2022-2023 5,000

JUST COMMUNITY INC

701 TILLERY ST A-8
AUSTIN,TX78702 		N/A PC Sustainability 25,000

LEGACY PARENTING CENTER

126 S CENTER AVE
SHAWNEE,OK74801 		N/A PC Ongoing Support from the Sustain Program 10,000

LEGACY PARENTING CENTER

126 S CENTER AVE
SHAWNEE,OK74801 		N/A PC To Support Chamber of Commerce Membership 1,000

LEGACY PARENTING CENTER

126 S CENTER AVE
SHAWNEE,OK74801 		N/A PC General & Unrestricted 898

LEUKEMIA & LYMPHOMA SOCIETY INC

8111 LBJ FREEWAY STE 425
DALLAS,TX75251 		N/A PC Support for St. Valentine's Luncheon 2022 5,000

MARY CAMERON ROBINSON FOUNDATION

1400 MCCALLIE AVE STE 210
CHATTANOOGA,TN37404 		N/A PC Bowties & Blossoms Event 2022 Sponsor 2,000

MCCULLOCH INTERMEDIATE SCHOOL

3555 GRANADA AVE
DALLAS,TX75205 		N/A GOV Annual Fund 2022-2023 5,000

MILES OF FREEDOM

2922 MARTIN LUTHER KING JUNIOR BOUL
DALLAS,TX75215 		N/A PC General & Unrestricted 7,500

MY POSSIBILITIES

3601 MAPLESHADE LN
PLANO,TX75075 		N/A PC General Support: Yellow Team 10,000

NASHER SCULPTURE CENTER

2001 FLORA ST
DALLAS,TX75201 		N/A PC Nasher Public: Urban Historical Reclamation & Recognition Participating Artist Fees 25,000

NASHER SCULPTURE CENTER

2001 FLORA ST
DALLAS,TX75201 		N/A PC Administrative Support for the Nasher Public Project Exhibition 4,000

NETWORK GROUP INC

1600 WILSON BLVD STE 1350
ARLINGTON,VA22209 		N/A PC Test & Prove Disruption Methods 25,000

PARISH EPISCOPAL SCHOOL

4101 SIGMA RD
DALLAS,TX75244 		N/A PC Class of 2023 Senior Gift 5,000

PEGASUS FOUNDATION DBA DALLAS INSTITUTE OF HUMAN

2723 ROUTH ST
DALLAS,TX75201 		N/A PC General & Unrestricted 50,000

PEROT MUSEUM OF NATURE AND SCIENCE

2201 N FIELD ST
DALLAS,TX75201 		N/A PC Education & Outreach Programs 10,000

PHILANTHROPY SOUTHWEST

624 NORTH GOOD-LATIMER EXPY
DALLAS,TX75204 		N/A PC Support for PSW Advance & 2022 Membership Dues 52,000

PHILIP SALEM FOUNDATION

6624 FANNIN ST
HOUSTON,TX77030 		N/A PC Cancer Research 25,000

SAINT MICHAEL AND ALL ANGELS CHURCH

PO BOX 12385
DALLAS,TX75225 		N/A PC Capital Campaign Support 10,000

SAINT MICHAEL AND ALL ANGELS CHURCH

PO BOX 12385
DALLAS,TX75225 		N/A PC Support of Capital Campaign 25,000

SECOND THOUGHT THEATRE

3839 MCKINNEY AVE STE 155452
DALLAS,TX75204 		N/A PC General & Unrestricted 10,000

SOUTHERN METHODIST UNIVERSITY

PO BOX 750181
DALLAS,TX75275 		N/A PC SMU-In-Taos Scholarship Fund 15,000

SOUTHERN METHODIST UNIVERSITY

PO BOX 750181
DALLAS,TX75275 		N/A PC Support for SMU-IN-TAOS Program 20,000

ST PHILIPS SCHOOL & COMMUNITY CENTER

1600 PENNSYLVANIA AVE
DALLAS,TX75215 		N/A PC Support for the Destiny Award Luncheon 2022 5,000

THE BAYLOR SCHOOL

171 BAYLOR SCHOOL RD
CHATTANOOGA,TN37405 		N/A PC Annual Fund 2021-2022 1,000

THE CRYSTAL CHARITY BALL

TWO TURTLE CREEK 3838 OAK LAWN AVE
DALLAS,TX75219 		N/A PC 2022 Beneficiaries' Projects 5,000

THE MAGDALEN HOUSE

4513 GASTON AVE
DALLAS,TX75246 		N/A PC General & Unrestricted 5,000

THE UNIVERSITY OF TEXAS AT DALLAS CENTER FOR BRAIN

2200 W MOCKINGBIRD LN
DALLAS,TX75235 		N/A GOV MRI Scan Simulator 25,000

THE UNIVERSITY OF TEXAS AT DALLAS CENTER FOR BRAIN

2200 W MOCKINGBIRD LN
DALLAS,TX75235 		N/A GOV Distinguished Friend Membership Level 2022 10,000

TREY ATHLETES

2205 KINGS FOREST LN
FLOWER MOUND,TX75028 		N/A PC General & Unrestricted 6,102

TRUST FOR PUBLIC LAND

PO BOX 889336
LOS ANGELES,CA90088 		N/A PC North Texas Office: Funding of the Five Mile Creek Study 50,000

UNIVERSITY OF MIAMI - ATHLETICS DEPT

5821 SAN AMARO DR
CORAL GABLES,FL33146 		N/A PC General & Unrestricted 10,000

UNIVERSITY PARK SCHOOL PARENT- TEACHER ASSOCIATION

3505 AMHERST AVE
DALLAS,TX75225 		N/A PC Up All Night Sponsor 2022 1,000

UNIVERSITY PARK SCHOOL PARENT- TEACHER ASSOCIATION

3505 AMHERST AVE
DALLAS,TX75225 		N/A PC Family Giving: Annual Fund 2022-2023 10,000

UNIVERSITY PARK SCHOOL PARENT- TEACHER ASSOCIATION

3505 AMHERST AVE
DALLAS,TX75225 		N/A PC UP All Night - 2023 Sponsor 20,000

URBAN TEACHER CENTER

8 MARKET PL STE 410
BALTIMORE,MD21202 		N/A PC Teacher Recruitment Program 2022 25,000

VISITING NURSE ASSOCIATION OF TEXAS

1420 W MOCKINGBIRD LN STE 700
DALLAS,TX75247 		N/A PC Meals on Wheels Research Project Support 50,000

VISITING NURSE ASSOCIATION OF TEXAS

1420 W MOCKINGBIRD LN STE 700
DALLAS,TX75247 		N/A PC VNA Children's Haven Pediatric Hospice Program 100,000

WEZMORE PROJECT INC

5429 LYNDON B JOHNSON FWY 350
DALLAS,TX75240 		N/A PC Curriculum Support & Program Testing 50,000

WILKINSON CENTER

PO BOX 720248
DALLAS,TX75372 		N/A PC For Food & Emergency Services 10,000

WOMEN IN NEED OF GENEROUS SUPPORT

1903 ANSON RD
DALLAS,TX75235 		N/A PC Women's Economic Advancement Program 10,000
Total .................................right arrow 3a 1,103,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2022)
Form 990-PF (2022)
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 4,105  
4 Dividends and interest from securities ....     14 321,536  
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 -20,810 18 1,068,435  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 240,501 14 476,817  
bFederal Tax Refund     01 8,873  
cINTEREST INCOME FROM PRI     14 4,888  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 219,691 1,884,654  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,104,345
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
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
2022
Name of the organization
Sapphire Foundation Inc
 
Employer identification number

30-0674167
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) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
Sapphire Foundation Inc
  		Employer identification number
30-0674167
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
Alice P Lupton Irrevocable Trust
The Lupton Co 201 W Main St 205
 
Chattanooga, TN37408

$ 175,000


(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.)
(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.)
(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
Sapphire Foundation Inc
  		Employer identification number

30-0674167
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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
Sapphire Foundation Inc
  		Employer identification number

30-0674167
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) (2022)
Additional Data


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TY 2022 DepreciationSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
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

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TY 2022 ExpenditureResponsibilityStmt
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
SUSTAIN INITIATIVE LLC
  		2807 ALLEN ST 813
DALLAS,TX75226 		2019-12-10 250,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO See General Explanation for Report Dates   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
MISSION HILLS DEVELOPMENT LLC
  		2301 CEDAR SPRINGS RD STE 450
Dallas,TX75201 		2021-08-25 200,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO See General Explanation for Report Dates   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
SUTHERLAND IMPACT FUND LP
  		2807 ALLEN STREET 813
DALLAS,TX75204 		2021-12-13 450,000 PRI INVEST-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO     THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WERE MADE.
GIVS ELEVATE LLC
  		2807 Allen Street 813
Dallas,TX75204 		2022-12-14 100,000 PRI LOAN-SEE GENERAL EXPLANATION FOR PURPOSE & ADDTL DETAILS RE AMT EXPENDED & LACK OF DIVERSION   NO See General Explanation for Report Dates   NONE NECESSARY

TY 2022 GeneralExplanationAttachment
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Identifier Return Reference Explanation
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SUSTAIN INITIATIVE , LLC DATE OF PRI: 12/10/2019 PURPOSE OF PRI: TO SUPPORT SOCIAL IMPACT ORGANIZATIONS IN DEVELOPING LONG-TERM FINANCIAL SUSTAINABILITY AND THEREBY INCREASE THEIR SOCIAL IMPACT. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEAR INDICATED BELOW: DATES OF REPORTS: 01/08/2021 FOR FYE 12/31/2019 01/04/2022 FOR FYE 12/31/2020 06/02/2023 FOR FYE 12/31/2021 07/07/2023 FOR FYE 12/31/2022 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: MISSION HILLS DEVELOPMENT LLC DATE OF PRI: 08/25/2021 PURPOSE OF PRI: TO SUPPORT THE DEVELOPMENT OF MISSION HILLS, A RESIDENTIAL NEIGHBORHOOD DESIGNED TO CREATE AN INCLUSIVE HOUSING ENVIRONMENT, INCLUDING HOUSING SOLUTIONS FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR ITS FISCAL YEARS INDICATED BELOW: DATES OF REPORTS: 07/06/2023 FOR FYE 12/31/21 07/06/2023 FOR THE PERIOD COVERING 1/1/22-04/05/22 THIS INVESTMENT WAS WRITTEN OFF THE FOUNDATION'S BOOKS AS OF 04/05/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: SUTHERLAND IMPACT FUND LP TOTAL PRI AMOUNT SHOWN REPORTED ON FORM 990-PF, PART VI-B, LINE 5D-EXPENDITURE RESPONSIBILITY STATEMENT: $450,000 THE TOTAL PRI LOAN AMOUNT REPRESENTS THE AGGREGATE OF SEVERAL DISBURSEMENTS, LISTED BELOW, MADE UNDER A SINGLE PRI LOAN INSTRUMENT. DATES AND AMOUNTS OF PRI PAYMENTS: DATE OF PRI: 12/13/2021 AMOUNT: $250,000 DATE OF PRI: 04/13/2022 AMOUNT: $200,000 PURPOSE OF PRI: TO SUPPORT THE DEVELOPMENT OF INCLUSIVE HOUSING SOLUTIONS FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, THE UNDERSERVED WOMEN TO ESTABLISH AND GROW INCOME PRODUCING BUSINESSES, THE DEVELOPMENT AND DISSEMINATION OF LITERARY AND ARTISTIC WORKS, THE ASSISTANCE OF LOW-TO-MODERATE INCOME RENTERS TO BUILD ASSETS THROUGH HOUSING SOLUTIONS, AND NONPROFIT ORGANIZATIONS TO ACHIEVE SUSTAINABLE OPERATING MODELS. REPORTS OF AMOUNTS EXPENDED: RECIPIENT HAS SUBMITTED A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT FOR THE FISCAL YEARS INDICATED BELOW: DATES OF REPORTS: 10/23/2023 FOR FYE 12/31/2021 10/23/2023 FOR FYE 12/31/2022 THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY FORM 990-PF, PART VI-B, LINE 5D - EXPENDITURE RESPONSIBILITY PRI RECIPIENT: GIVS ELEVATE, LLC DATE OF PRI: 12/14/2022 PURPOSE OF PRI: TO SUPPORT THE DEVELOPMENT OF INCLUSIVE HOUSING SOLUTIONS FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, THE UNDERSERVED WOMEN TO ESTABLISH AND GROW INCOME PRODUCING BUSINESSES, THE DEVELOPMENT AND DISSEMINATION OF LITERARY AND ARTISTIC WORKS, THE ASSISTANCE OF LOW-TO-MODERATE INCOME RENTERS TO BUILD ASSETS THROUGH HOUSING SOLUTIONS, AND NONPROFIT ORGANIZATIONS TO ACHIEVE SUSTAINABLE OPERATING MODELS. REPORTS OF AMOUNTS EXPENDED: RECIPIENT IS EXPECTED TO SUBMIT A FULL AND COMPLETE FINANCIAL REPORT OF THE TYPE ORDINARILY REQUIRED BY COMMERCIAL INVESTORS UNDER SIMILAR CIRCUMSTANCES AND A STATEMENT THAT IT HAS COMPLIED WITH THE TERMS OF THE INVESTMENT IN 2023. THIS INVESTMENT REMAINED ON THE FOUNDATION'S BOOKS AS OF 12/31/2022. DIVERSIONS: TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN THE ACTIVITY FOR WHICH THE INVESTMENT WAS ORIGINALLY MADE.
Form 990-PF Form 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
PART I LINE 6A PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $1,068,435 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(20,810) TOTAL PART I, LINE 6A: $1,047,625 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $6,732,932 BOOK BASIS: $6,912,527 NET GAIN/(LOSS): $(179,595) PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $1,248,030

TY 2022 InvestmentsCorpBondsSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLY FINL INC BOND PERPETUAL - 13,927 9,363
ALLY FINL INC BOND PERPETUAL - 27,364 17,319
BANK NEW YORK MELLONCORP BOND 6,123 5,761
BOEING CO NOTE - 4.508% - 05/0 35,169 34,935
BP CAP MKTS P L C NOTE PERPETU 47,436 40,250
CITIGROUP INC - 5.950% - 12/29 6,975 6,932
CITIGROUP INC BOND PERPETUAL - 10,796 9,582
CITIZENS FINANCIAL GROUP INC - 22,944 22,025
EDISON INTL BOND PERPETUAL - 5 26,589 22,097
ENBRIDGE INC MTN CDS- NOTE - 2 6,999 6,757
ENERGY TRANSFER PRTNRS LP - 7. 8,108 8,493
FIFTH THIRD BANCORP BOND PERPE 10,954 10,219
FS KKR CAPITAL CORP NOTE CALL 8,970 7,524
GENERAL MOTORS - 6.050% - 10/1 12,970 13,215
LINCOLN NATL CORP IND BOND PER 21,206 22,120
MACYS - 4.300% - 02/15/2043 4,772 4,822
MICRON TECHNOLOGY INC NOTE - 3 1,142 1,251
NEXTERA ENERGY - 4.255% - 09/0 7,021 6,916
OAKTREE SPECIALTY LENDING CORP 5,851 5,695
REGIONS FINANCIAL CORP - 5.750 22,296 21,444
SCHWAB CHARLES CORP BOND PERPE 35,231 33,252
SEMPRA ENERGY BOND PERPETUAL - 49,072 45,309
WELLS FARGO &CO BOND PERPETUAL 845 875

TY 2022 InvestmentsCorpStockSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Name of Stock End of Year Book Value End of Year Fair Market Value
ABB LTD 33,245 29,577
ABBOTT LABS 44,693 45,343
ABBVIE INC 41,935 52,200
ACCENTURE PLC 19,110 22,948
ACI WORLDWIDE INC 5,976 5,060
ACUSHNET HOLDINGS CORP 11,327 17,961
ADIDAS AG 8,076 3,861
ADOBE SYSTEMS, INC 22,633 19,519
ADVANCED ENERGY IND INC 10,482 16,556
ADVANCED MICRO DEVICES INC 8,345 6,866
ADYEN N.V. 9,109 6,831
AGCO CP 7,573 17,752
AGNCP 24,149 20,475
AGREE REALTY CORP 17,639 19,293
AIA GROUP LTD ADR 57,190 56,737
AIRBUS GROUP 20,479 20,169
AKAMAI TECH COM STK 28,258 23,098
ALBANY INTERNATIONAL CORP 7,066 12,817
ALBIREO PHARMA INC 15,090 11,497
ALCON INC 7,919 9,391
ALIBABA GROUP HOLDING LTD 90,437 37,526
ALLIANT CORP 10,480 11,042
ALPHABET INC CL A 54,837 59,996
AMADEUS IT HLDS SA 14,161 13,412
AMAZON COM 62,057 45,360
AMDOCS LIMITED 16,128 21,816
AMERICA MOVIL SA 8,839 7,753
AMERICAN CAPITAL AGENCY CORP 20,599 15,991
AMERICAN ELECTRIC POWER INC 19,090 21,174
AMERICAN EXPRESS CO 5,897 14,036
AMERICAN TOWER REIT INC 19,837 17,161
AMERIPRISE FINANCIAL INC 15,589 36,119
AMGEN INC 11,810 13,395
AMICUS THERAPEUTICS INC 30,463 26,618
AMN HEALTHCARE SERVICES INC 13,420 13,469
ANALOG DEVICES INC 24,945 24,605
ANGLO AM PLC ADR 27,376 24,375
ANHEUSER BUSCH COS INC 21,153 21,134
ANNALY CAPITAL MANAGEMENT PFD 18,584 17,955
AON PLC CL A 8,323 8,404
APPLE INC 44,018 51,062
APPLIED IDNS TECH 8,578 12,351
APPLIED MATERIALS INC 33,143 27,753
APTIV PLC 9,683 13,690
ARROWHEAD PHARMACEUTICALS INC 7,303 15,129
ASAHI KAISAI CP ADR 13,524 10,132
ASE TECHNOLOGY HOLDINGS CO LTD 16,824 14,691
ASGN INC 15,493 9,941
ASHTEAD GROUP PLC 7,051 14,250
ASML HOLDING NV NY REG SHS 65,493 60,104
ASSA ABLOY UNSP/ADR 8,231 5,874
ASSURED GUARANTY LTD 9,296 18,180
ASTRAZENECA 56,689 66,580
AT&T 5.625% 08/01/2067 2,633 2,247
AT&T, INC 29,445 26,326
ATHENE HLDG SER E 7.75% 50 51
ATHENE HOLDING LTD 7.75%DP RT 807 824
ATRICURE, INC. 13,476 12,471
AUTOMATIC DATA PROCESSING INC 11,393 13,137
AVERY DENNISON CORP 9,923 15,747
AVIENT 13,762 9,419
AXA ADS 21,437 21,488
B&M EUROPEAN VALUE RETAIL SA A 8,492 4,886
BAIDU.COM - ADR 15,456 11,552
BANK OZK 11,070 22,514
BARRICK GOLD CORPORATION 24,865 20,857
BEIGENE LTD 14,967 12,317
BHP BILLITON LIMITED 7,353 7,942
BIO RAD LABS INC CL A 9,105 13,035
BLACKLINE INC 12,017 10,629
BLACKROCK CORPORATE HIGH YIELD 8,975 8,102
BLACKROCK CREDIT ALLOCATION IN 1,928 1,485
BLACKROCK INC 15,884 17,716
BLACKROCK LTD DUR IN 2,805 2,457
BLACKROCK MUNIHOLDINGS FUND IN 4,566 4,225
BLACKROCK MUNIVEST FUND 6,261 5,566
BLACKROCK MUNIYIELD QUALITY FU 10,284 9,237
BOSTON SCIENTIFIC 19,440 22,719
BRITISH AMERICAN TOBACCO PLC 29,012 30,425
BROADCOM INC 29,923 32,430
BRUNSWICK CORP 20,569 26,525
BYD CO LTD UNSP/ADR 11,347 10,467
CABLE ONE INC 29,806 12,102
CADENCE DESIGN SYSTEMS INC 9,888 12,048
CALRSBERG AS SP ADR REP B 30,941 25,920
CAMDEN PPTY TR 10,872 9,734
CANADIAN PACIFIC RAILWAY LTD 21,482 21,706
CATHAY GENERAL BANCORP 8,790 14,032
CENCORA INC 9,628 19,885
CHAMPIONX CORP 11,495 29,222
CHARLES SCHWAB CORP 6,931 17,485
CHEMICAL AND MINING CO OF CHIL 14,183 12,934
CHINA MENGNIU DAIRY COMPANY AD 20,201 17,483
CHINA MERCHANTS BANK 8,675 8,700
CHUBB LIMITED 17,516 30,443
CHUNGHWA TELECOM 26,159 25,906
CISCO SYSTEMS INC 19,783 24,058
COHEN AND STEERS LIMITED DURAT 10,310 7,589
COMFORT SYSTEMS USA INC 2,779 6,905
COMPAGNIE FINANCIERE RICHEMONT 13,798 11,975
CONMED CORPORATION 13,668 15,778
CONSTELLATION ENERGY GROUP INC 2,837 7,155
COSTCO WHOLESALE CORPORATION 24,332 32,868
COTERRA ENERGY INC 8,872 24,152
COUSINS PROPERTIES INC 14,564 10,091
CRANE CO 4,547 7,433
CREDICORP LTD 20,908 18,585
CULLEN FROST BANKERS INC 10,661 17,515
DAIICHI SANKYO CO LTD SPONSORE 8,170 10,397
DAIKIN INDS LTD ADR 9,222 6,195
DANAHER CORP 10,211 14,864
DBS GROUP HLDGS SPON ADR 40,328 42,170
DECKERS OUTDOOR CORPORATION 27,194 32,731
DENTSPLY SIRONA INC 13,791 9,711
DEUTSCHE BOERSE ADR 7,141 7,585
DIAGEO PLC ADS 15,662 21,205
DIAMONDBACK ENERGY INC 3,324 12,310
DISCOVER FINL SVCS COM 11,674 9,196
DNB BANK ASA 18,057 15,618
DOLBY LABORATORIES 12,876 13,191
DOLLAR GENERAL CORP 9,209 11,820
DOLLAR TREE INC 7,832 11,740
DONALDSON CO. INC 7,323 8,713
DSV UNSP ADR EACH REPR 0.5 ORD 14,859 10,400
DYNAVAX TECHNOLOGIES CORP 7,170 7,405
EAST WEST BANCORP, INC 8,356 20,165
EASTGROUP PROPERTIES INC 13,625 16,435
EATON VANCE MUNICIPAL BOND FUN 11,660 10,224
ECOLAB INC 13,346 12,664
ELECTRONIC ARTS 10,537 12,462
ELI LILLY & CO 26,570 39,511
EMCOR GROUP INC 11,716 26,364
EMPIRE STATE REALTY TRUST 12,443 10,642
ENEL SOCIETA PER AZI 15,570 10,536
ENERGIZER HOLDINGS INC 10,459 8,958
ENGIE 13,318 12,795
ENPRO INDUSTRIES INC 4,116 5,869
ENTERGY ARK INC 1M BD PFD - 4. 1,834 1,487
ENTERGY LA LLC PFD - 4.875% - 6,563 5,392
EOG RESOURCES INC 15,671 22,925
EPIROC AB 16,849 12,403
EQUINOR ASA 15,598 28,075
ESSILOR INTL ADR 39,303 35,326
ESTEE LAUDER COMPANIES INC 12,460 13,894
EXELIXIS, INC. 21,211 16,617
EXLSERVICE HOLDINGS INC 5,974 18,976
EXXON MOBIL CORP 35,269 36,951
FABRINET INC 5,599 11,540
FEDERAL AGRICULTURAL MORTGAGE 6,565 10,482
FEDEX CORPORATION 9,261 10,912
FGL HLDGS ORD SHS   640
FIDELITY NATIONAL FINANCIAL IN 14,655 17,982
FIDELITY NATIONAL INFORMATION 26,918 23,069
FIRST TRUST HIGH INCOME LONG S 1,657 1,374
FIRST TRUST INTERMEDIATE DURAT 5,721 4,352
FOUR CORNERS PROPERTY TRUST IN 8,677 10,502
FUJITSU LTD ADR OTC 13,701 12,037
FULLER H B CO 6,431 9,382
GALAXY ENTMT GROUP UNSPONSORED 16,121 18,814
GALP ENERGIA 20,827 21,477
GEN DYNAMICS CP 9,541 18,112
GENMAB A/S SPON 31,837 41,066
GITLAB INC 23,516 18,085
GIVAUDAN SA UNSP/ADR 28,459 16,799
GLOBAL PAYMENTS INC 16,924 13,905
GLOBE LIFE INC 11,681 17,600
GROUPE DANONE ADS 23,750 18,399
GRUPO FIN ADR 7,067 7,847
GSK PLC 21,296 19,749
GUARDANT HEALTH INC 10,793 5,794
H WORLD GROUP LIMITED 10,601 12,853
HALEON PLC 4,692 5,624
HAMILTON LANE INC 16,850 12,776
HARLEY DAVIDSON INC 8,692 7,779
HARTFORD FINANCIALSERVICES GRO 10,233 20,095
HASBRO INC 7,589 6,467
HDFC BANK LTD ADR 79,356 83,528
HERMES INTL 10 ADR 24,342 21,516
HESS CORP 9,776 26,237
HF SINCLAIR CORPORATION 6,496 10,637
HOME DEPOT INC 33,493 40,746
HONDA MOTOR CO LTD 10,878 9,075
HONEYWELL INTL 32,278 37,288
HONG KONG EX&CL UNSP/ADR 21,047 24,367
HOULIHAN LOKEY INC 17,840 13,074
HSBC HOLDINGS PLC 7,732 7,291
HUBBELL INCORPORATED 9,343 16,662
HUNTINGTON INGALLS INDUSTRIES 6,257 8,535
HUNTSMAN CORP 6,601 11,734
HYATT HOTELS CORP 21,723 31,115
IBERDROLA ADR 19,178 19,967
ICICI BK LTD ADS 51,687 74,425
IDACORP INC HLDG CO 14,109 15,099
INARI MEDICAL INC 11,873 10,615
INDUSTRIA DE DISENO 16,452 19,770
INFOSYS TECH LTD SPD ADR 5,092 10,878
ING GROUP N V SPONSORED ADR 7,944 7,010
INGERSOLL-RAND INC 11,361 19,124
INGREDION INC 32,599 40,641
INPEX HOLDINGS INC 5,467 5,158
INSPERITY INC 10,205 18,971
INTERPUBLIC GROUP OF COS 5,704 9,327
INTUITIVE SURGICAL 19,838 18,575
INVESCO MUNICIPAL OPPORTUNITY 13,039 11,724
INVESCO MUNICIPAL TRUST 6,640 5,702
INVESCO TRUST FOR INVESTMENT G 6,829 6,342
IRADIMED CORP 2,775 3,367
IRHYTHM TECHNOLOGIES INC 15,459 19,015
ISHARES IBOXX $ HIGH YIELD COR 6,234 6,332
ISHARES MSCI SAUDI ARABIA ETF 51,146 43,944
ISHARES SHORT MATURITY BOND ET 43,979 43,259
ITAU UNIBANCO HOLDING S.A 10,736 9,458
ITT INC 7,812 12,489
JARDINE MATHESON UNS/ADR 7,892 7,153
JD.COM, INC 38,951 31,040
JERONIMO MARTINS 21,116 24,685
JFROG 12,858 10,153
JINKOSOLAR HOLDING CO LTD 14,628 11,692
JOHNSON & JOHNSON 44,611 55,291
JONES LANG LASALLE 12,274 12,750
JP MORGAN CHASE 20,993 26,150
JP MORGAN ULTRA SHORT INCOME E 23,949 23,962
KARUNA THERAPEUTICS ORD SHS 10,859 13,362
KERING UNSPON ADR EA REPR 0.1 34,587 27,052
KEYENCE CORPORATION,FIRST SECT 54,167 33,312
KINSALE CAPITAL GROUP INC 6,640 7,846
KNORR BREMSE AG EUR 19,315 8,616
KON KPN NV SPON ADR REP 1 ORD 16,674 14,808
KONINKLIJKE PHILIPS ELECTRONIC 16,632 6,686
L'AIR LIQUIDE ADR OTC 15,092 13,829
L'OREAL ADR 19,589 19,523
LABORATORY CORP AMER HLDGS 11,707 13,187
LAIDLAW INTL 6,606 4,182
LAM RESEARCH CORP 6,418 5,464
LATTICE SEMICONDUCTOR 21,475 26,666
LCI INDUSTRIES 10,468 13,683
LEIDOS HOLDINGS INC 8,289 9,467
LI NING CO 8,211 8,805
LINCOLN ELECTRIC HOLDING INC 9,455 16,905
LINCOLN NATL CORP IND DEPOSIT 18,845 19,973
LINDE PLC COM 30,049 54,798
LITHIA MOTORS INC CL A 28,241 19,041
LITTELFUSE, INC 10,634 15,414
LONDON STK EXCHANGE GROUP 30,064 28,309
LONDON STOCK EXCH LTD 21,455 18,357
LVMH MOET HENN UNSP 23,022 24,918
M.D.C. HLDGS 20,890 14,378
MAKEMYTRIP LIMITED 13,622 13,234
MARSH AND MCLENNAN COMPANIES I 23,094 40,377
MATADOR RESOURCES COMPANY 12,528 14,940
MATERION CORP 11,409 14,352
MCDONALD'S CORP 22,274 34,259
MEDICAL PROPERTIES TRUST, INC 12,313 7,497
MEDPACE HOLDINGS, INC 15,292 14,231
MEDTRONIC PLC 17,099 17,098
MEITUAN DIANPING UNSPONSORED A 19,136 14,157
MERCADOLIBRE, INC 17,881 11,847
MESA LABORATORIES 12,026 7,812
META PLATFORMS INC 22,068 13,237
METSO OUTOTEC CORP 14,689 15,315
MICHELIN SCA 14,780 10,648
MICRON TECHNOLOGY 34,595 27,489
MICROSOFT CORP 162,156 218,955
MIRATI THERAPEUTICS INC 23,974 13,684
MKS INSTRUMENTS, INC 17,826 16,522
MOHAWK INDS INC 10,529 12,778
MONOLITHIC POWER SYSTEMS, INC 9,362 10,608
MONTROSE ENVIRONMENTAL GRP ORD 10,137 12,429
MORGAN STANLEY 19,089 15,984
MORGAN STANLEY PFD SER E - 7.1 275 277
MORNINGSTAR, INC 8,002 6,498
MSA SAFETY INCORPORATED 18,539 25,377
MTU AERO ENGINES 10,499 11,339
NASPERS LTD N SPONS ADR 9,906 10,527
NATIONAL RURAL UTIL - 5.50% - 10,158 9,295
NATL FUEL GAS CO 7,309 10,824
NESTLE S.A 29,397 28,489
NETEASE.COM INC COM STK 24,052 22,878
NETFLIX INC 9,722 11,500
NETWORK INTERNATIONAL HOLDINGS 17,505 13,681
NEW YORK TIMES CO CL A 17,019 16,165
NEXSTAR MEDIA GROUP, INC 9,405 9,627
NEXTERA ENERGY, INC 23,470 28,758
NICE SYSTEMS LTD 8,829 5,577
NIDEC CORPORATION ADR 11,419 6,564
NIKE INC-CL B 19,343 15,913
NIPPON TELEGRAPH & TELEPHONE C 26,086 26,018
NISOURCE INC 13,403 14,368
NOKIA 9,682 7,354
NORDSON CP 10,178 15,927
NORSK HYDRO 10,479 11,498
NOTORI HOLDINGS 13,896 11,311
NOVO NORDISK A S 49,907 60,632
NOVOCURE LTD 5,669 9,242
NUVEEN AMT FREE QUALITY MUNICI 18,922 16,009
NUVEEN DIVIDEND ADVANTAGE MUNI 24,740 22,267
NUVEEN MLT STR I&G 15,411 12,587
NUVEEN QUALITY PREFERRED INC F 9,719 7,045
NVENT ELECTRIC PLC 6,514 14,272
NXP SEMICONDUCTORS 3,502 4,583
O'REILLY AUTOMOTIVE INC 8,385 16,881
OKTA INC 11,434 5,193
ON SEMICONDUCTOR 5,802 5,988
ORACLE CORP 27,505 30,080
ORGANON & CO 12,591 10,949
ORSTED A S 8,478 6,038
OSHKOSH CORP 14,192 13,229
OUTSET MED INC 16,014 8,908
PACKAGING CORP AMER 6,060 8,954
PAGSEGURO DIGITAL LTD. 22,250 8,959
PALO ALTO NETWORKS INC 14,096 11,861
PAPA JOHNS INTL INC 10,975 10,453
PARKER HANNIFIN CP 9,552 10,476
PAYCOR HCM ORD SHS 16,520 13,459
PETROLEO BRASILEIRO 19,423 13,952
PHILLIPS 66 12,135 17,173
PINDUODUO INC 5,289 7,992
PING AN INSURANCE GROUP ADR 33,973 20,830
PINNACLE FINANCIAL PARTNERS IN 18,047 13,212
PNC FINANCIAL GROUP INC 13,123 16,742
POWER INTEGRATIONS, INC 6,428 13,340
PPG INDUSTRIES INC 11,311 13,077
PPL CORPORATION 9,026 10,373
PROCTER GAMBLE CO 40,345 48,651
PROLOGIS 24,075 22,095
PRYSMIAN SPA 7,163 11,874
PT BANK CENTRAL ASIA TBK 12,069 12,950
PT BK MANDIR PRS UNSP/ADR 6,988 11,524
PUBMATIC, INC 21,866 7,545
RAYMOND JAMES FINANCIAL INC 10,224 16,134
RAYTHEON TECHNOLOGIES CORP 22,868 30,781
RECKITT BENCKISER GROUP 21,086 17,556
RECRUIT HOLDINGS CO 19,686 11,421
REGAL REXNORD CORP 30,856 29,155
REINSURANCE GRP OF AMERICA INC 8,382 8,667
RELX PLC 10,611 9,951
RENAISSANCERE HOLDINGS LTD 17,782 21,002
REPUBLIC SVCS INC 9,147 14,447
RITCHIE BROS AUCTIONEERS 12,128 9,484
RIVIAN AUTOMOTIVE INC CL A 10,402 2,046
ROCKWELL AUTOMATION INC 6,211 8,242
RPM INTERNATIONAL INC 10,024 12,669
S&P GLOBAL INC COM 12,929 11,723
SAFRAN SA - UNSPON ADR 33,113 35,707
SAGE GROUP PLC 10,667 12,560
SALESFORCE.COM 39,327 25,855
SANOFI-AVENTIS SPONSORED ADR 19,073 19,227
SAP AKTIENGESELL ADS 26,919 20,225
SCHLUMBERGER LTD 20,334 26,944
SELECT MEDICAL 17,203 13,657
SERVISFIRST BANCSHARES INC 6,825 11,853
SHELL ADR EACH REPRESENTING 2 10,353 11,390
SHERWIN-WILLIAMS CO 14,534 18,037
SHIN-ETSU CHEMICAL C 25,054 19,772
SHINHAN FINL GROUP CO LTD 32,082 27,316
SHIONOGI & CO LTD 16,041 11,080
SHOALS TECHNOLOGIES GROUP 9,569 8,042
SHOCKWAVE MEDICAL ORD SHS 14,222 26,524
SHOPIFY INC 5,799 6,005
SHUTTERSTOCK INC 20,835 10,544
SIKA AG BEARER SHS 11,561 11,864
SK TELECOM ADS ADS 37,062 22,834
SLM CORP 10,252 8,765
SMC CORP 30,298 18,780
SMITH A O CORP DEL COM 17,504 17,401
SNAP ON INC 8,144 14,623
SNOWFLAKE INC 10,180 5,024
SOCIETE GENERALE SA 11,371 10,328
SOFTBANK CP UNSP ADR 16,526 12,590
SONY GROUP CORP 10,698 14,341
SPECTRIS PLC 9,534 11,437
SPLUNK INC 11,212 7,490
SPRINGWORKS THERAPEUTICS INC 18,120 6,607
STARBUCKS CORP COM 37,329 38,192
STERIS PLC 14,600 15,329
STIFEL FINL CORP SER B 6.250% 5,997 4,861
STMICROELECTRONICS 24,668 18,034
STORE CAPITAL CORPORATION 7,135 9,009
STRAUMANN HLDG 23,441 12,645
SUZANO SA 12,865 10,136
SWEETGREEN INC CL A 13,278 3,188
TAIWAN SEMICONDUCTOR MFG CO LT 108,514 117,842
TARGA RESOURCES CORP 1,255 12,128
TECHNOPRO HOLDINGS 5 SPONSORED 6,220 9,088
TECHTRONIC INDS SPD ADR 15,264 12,274
TENCENT HOLDINGS LIMITED 104,790 80,441
TERADATA CORPORATION 14,900 10,569
TERRENO RLTY CORPCOM 14,939 13,819
TEXAS INSTRUMENTS INC 40,902 44,279
TFI INTERNATIONAL 21,592 20,048
THE COCA-COLA CO 38,456 46,690
THERMO FISHER SCIENTIFIC INC 11,541 15,970
TIMKEN CO COM 11,138 13,781
TJX COMPANIES INC 34,078 49,511
TOKYO ELECTRON LTD 6,585 3,364
TOPBUILD CORP 20,478 15,962
TOTALENERGIES SE 48,573 62,080
TRAVELERS COMPANIES INC 11,278 20,624
TRIP COM GROUP ADR 20,185 24,630
TRUIST FINANCIAL CORPORATION 28,469 26,851
TRUMY 9,640 6,371
TSINGTAO BREWERY CO LTD 19,560 24,647
UBISOFT ENTERTAINMENT SA 14,883 7,360
UNICHARM CORP - SPN ADR 9,833 8,549
UNILEVER PLC AMER 30,694 31,620
UNION PACIFIC 34,735 39,343
UNITED PARCEL SERVICE 33,444 37,376
UNITEDHEALTH GROUP INC 72,863 98,612
UNIVERSAL DISPLAY CORP 17,880 12,100
US BANCORP 19,507 18,316
VALE SA 10,174 9,961
VERACYTE INC 6,765 9,207
VERIZON COMMUNICATIONS 34,115 27,974
VERTEX PHARMCTLS INC 10,739 15,594
VIRTUS ALLIANZGI CONVERTIBLE & 8,900 7,278
VISA INC 53,485 59,835
VMWARE INC 23,312 20,869
WAL-MART DE MEX V SP/ADR 22,973 26,546
WARNER BROS. DISCOVERY, INC 25,380 10,731
WASHINGTON TRUST BANCORP INC 4,964 6,133
WD-40 COMPANY 4,321 3,224
WELLS FARGO & CO 29,679 35,509
WELLS FARGO ADVANTAGE INCOME O 4,114 3,904
WESTERN ASSET HI YLD DEFINED 4,561 4,131
WESTERN ASSET HIGH INCOME OPPO 6,464 5,408
WILEY JOHN & SONS INC CL A 2,487 2,844
WILLIAMS COS 12,094 21,056
WILLIAMS SONOMA INC 10,258 9,653
WORLDLINE 4,611 4,073
YUM CHINA HOLDINGS INC 30,324 29,128
ZURN WATER SOLUTIONS 12,071 10,660

TY 2022 InvestmentsGovtObligationsSch
Name:
Sapphire Foundation Inc
EIN:
30-0674167
US Government Securities - End of Year Book Value:

439,786
US Government Securities - End of Year Fair Market Value:

440,958
State & Local Government Securities - End of Year Book Value:


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


 


TY 2022 InvestmentsOtherSchedule2
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALKEON GROWTH OFFSHORE FUND II   750,000 383,662
BLACKSTONE PRIVATE CREDIT FUND   400,000 379,329
GOOD RETURNS GROUP, INC   108,315 145,315
HEADLANDS CPTL SECONDARY FD II   552,178 897,459
INFRASTRUCTURE INVESTMENTS FUN   1,000,000 1,026,067
JTL PRIVATE EQUITY FUND, L.P   1,197,912 394,140
LUPTON HEDGE FUND PARTNERSHIP   11,383,801 12,252,833
LUPTON INTERNATIONAL EQUITY PA   823,236 754,891
LUPTON PRIVATE EQUITY FUND 201   1,340,812 1,672,684
LUPTON PRIVATE EQUITY FUND 202   121,892 116,577
LUPTON VENTURE CAPITAL FUND 20   330,318 378,519
OAKTREE REAL ESTATE INCOME TRU   1,322,680 1,691,142
PORTFOLIO ADV PVT EQT FUND 201   46,518 152,625

TY 2022 OtherAssetsSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRI - DEEP VELLUM PUBLISHING,   250,000 250,000
PRI - GIVS ELEVATE LLC - 1.5%   100,000 100,000
PRI - SUTHERLAND IMPACT FIND,   450,000 450,000
PRI - SUSTAIN INITIATIVE   250,000 250,000


TY 2022 OtherExpensesSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 21,999     21,999
Bank Charges 4,335 4,335    
Computers/Electronic Devices 1,632     1,632
DIGITAL SUBSCRIPTIONS 1,102     1,102
Indemnification Insurance 1,483     1,483
K-1 Exp HEADLANDS CPTL SECONDA 42,468 42,424    
K-1 Exp JTL PRIVATE EQUITY FUN 9,374 9,348    
K-1 Exp LUPTON HEDGE FUND PART 178,502 49,319    
K-1 Exp LUPTON INTERNATIONAL E 11,006 10,631    
K-1 Exp LUPTON PRIVATE EQUITY 47,181 43,904    
K-1 Exp LUPTON PRIVATE EQUITY 5,214 5,109    
K-1 Exp LUPTON VENTURE CAPITAL 17,265 16,536    
Office Supplies 157     157
Postage/Delivery Service 34     34
State or Local Filing Fees 662     662
Website Hosting/Support 347     347


TY 2022 OtherIncomeSchedule2
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss HEADLANDS CPTL SECONDARY FD III LP ( 20,504 17,567  
K-1 Inc/Loss JTL PRIVATE EQUITY FUND, L.P 3,378 781  
K-1 Inc/Loss LUPTON HEDGE FUND PARTNERSHIP LP 646,498 404,651  
K-1 Inc/Loss LUPTON INTERNATIONAL EQUITY PARTNERS 18,709 18,709  
K-1 Inc/Loss LUPTON PRIVATE EQUITY FUND 2019, GP 27,070 32,787  
K-1 Inc/Loss LUPTON PRIVATE EQUITY FUND 2021, GP 1,099 1,189  
K-1 Inc/Loss LUPTON VENTURE CAPITAL FUND 2021 GP 60 60  
Federal Tax Refund 8,873    
Interest Income from PRI 4,888 4,888 4,888


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TY 2022 OtherNotesLoansRcvblLongSch
Name:
Sapphire Foundation Inc
EIN:
30-0674167

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
GOOD RETURNS GROUP INC   50,000 50,000 2021-10 2022-10 CONVERTIBLE PROMISSORY NOTE 200 % STOCK INVESTMENT CASH 0 50,000

TY 2022 OtherProfessionalFeesSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 81,896 81,896    
DESIGN SERVICES 7,500     7,500


TY 2022 TaxesSchedule
Name:
Sapphire Foundation Inc
EIN:
30-0674167
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2022 20,200      
990-PF Excise Tax for 2021 13,458      
990-PF Extension for 2021 400      
990-T Extension for 2021 35,900      
Foreign Tax Paid 13,095 13,095    
IRS MISCELLANEOUS FEE 1,055      
STATE INCOME TAX 2021 11,800      
STATE MISCELLANEOUS FEE 502