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
Vin and Caren Prothro Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3131 Turtle Creek Blvd 1210
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dallas, TX75219
A Employer identification number

75-2911958
B Telephone number (see instructions)

(214) 540-4808
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$9,215,873J 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 right arrow.............
3 Interest on savings and temporary cash investments 2,530 2,530  
4 Dividends and interest from securities... 90,875 90,875  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 610,325
b Gross sales price for all assets on line 6a 1,349,788
7 Capital gain net income (from Part IV, line 2)... 610,325
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
2,393 20,306  
12 Total. Add lines 1 through 11........ 706,123 724,036  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 49,912 19,965   29,947
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,140     1,140
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,425 1,713   1,712
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,606 1,606    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
797 428   369
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 57,880 23,712   33,168
25 Contributions, gifts, grants paid....... 450,098 450,098
26 Total expenses and disbursements. Add lines 24 and 25 507,978 23,712   483,266
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 198,145
b Net investment income (if negative, enter -0-) 700,324
c Adjusted net income (if negative, enter -0-)...  
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......... 1,421,121 1,427,092 1,427,139
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 1,968,067 Click to see attachment
List of Attached Documents:
// Content
2,305,367 		5,089,277
c Investments—corporate bonds (attach schedule).......      
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).......... 2,911,952 Click to see attachment
List of Attached Documents:
// Content
2,761,910 		2,693,665
14 Land, buildings, and equipment: basis right arrow17,682
Less: accumulated depreciation (attach schedule) right arrow17,682      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
876 		Click to see attachment
List of Attached Documents:
// Content
5,792 		Click to see attachment
List of Attached Documents:
// Content
5,792
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 6,302,016 6,500,161 9,215,873
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
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 6,302,016 6,500,161
29 Total net assets or fund balances (see instructions)..... 6,302,016 6,500,161
30 Total liabilities and net assets/fund balances (see instructions). 6,302,016 6,500,161
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
6,302,016
2
Enter amount from Part I, line 27a .....................
2
198,145
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
6,500,161
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
6,500,161
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 P 2001-01-01 2022-12-31
b long-term capital gain dist. P 2001-01-01 2022-12-31
c K-1 pass-through capital gains (losses) P 2001-01-01 2022-12-31
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 1,361,356   739,463 621,893
b 12,027     12,027
c 23,595     -23,595
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       621,893
b       12,027
c       -23,595
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 2 610,325
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 9,735
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 9,735
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 9,735
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 10,200
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8  
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 10 465
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow465 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrowTX
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 arrowN/A
14
The books are in care ofright arrowDori Kawai Telephone no.right arrow (214) 540-4808

Located atright arrow3131 Turtle Creek Blvd Ste 1210DallasTX ZIP+4right arrow75219
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
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
 
 
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
Caren H Prothro Chairman Emer
3.00 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
Nita C Clark Pres./Director
3.00 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
Vincent H Prothro VP/Director
0.10 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
J H Cullum Clark Sec,Treas./Dir.
1.00 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
Dori Kawai CFO
1.00 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
Douglas C Denby CIO
0.50 		0    
3131 Turtle Creek Blvd 1210
Dallas,TX75219
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...................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
NONE
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
8,393,584
b
Average of monthly cash balances.......................
1b
1,384,443
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,778,027
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
 
3
Subtract line 2 from line 1d.........................
3
9,778,027
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
146,670
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,631,357
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
481,568
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
481,568
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,735
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,735
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
471,833
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
471,833
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
471,833
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
483,266
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
483,266
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 7 471,833
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......  
b Total for prior years:20, 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 446,349
b From 2018...... 279,873
c From 2019...... 239,960
d From 2020...... 21,025
e From 2021......  
f Total of lines 3a through e ........ 987,207
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 483,266
a Applied to 2021, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 471,833
e Remaining amount distributed out of corpus 11,433
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 5 998,640
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		446,349
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		552,291
10 Analysis of line 9:
a Excess from 2018.... 279,873
b Excess from 2019.... 239,960
c Excess from 2020.... 21,025
d Excess from 2021....  
e Excess from 2022.... 11,433
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).)
Caren H Prothro
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
ATT Performing Arts Center


700 N Pearl Street Suite N1800
Dallas,TX75201 		N/A PC General operating support and event underwriting 15,000
Dallas Museum of Art


1717 N Harwood Street
Dallas,TX75201 		N/A PC General operating support 2,500
Dallas Opera


2403 Flora Street Suite 500
Dallas,TX75201 		N/A PC Annual Fund 2,500
Dallas Theater Center


2400 Flora Street
Dallas,TX75201 		N/A PC General operating support and event underwriting 2,500
Educational Opportunities


3419 Westminster Ave Suite 218
Dallas,TX75205 		N/A PC Student Scholars 500
Fiends of Fair Park Inc


1121 1st Avenue
Dallas,TX75210 		N/A PC Towards the Spirit of the Centennial Award honoring Harry Robinson, Jr. 500
George W Bush Foundation


2943 SMU Blvd
Dallas,TX75205 		N/A PC Multi-year funding in support of the Bush Presidential Center 100,000
Georgia O'Keeffe Museum


217 Johnson Street
Santa Fe,NM87501 		N/A PC General operating support 2,500
Greater Dallas Youth Orchestra


3630 Harry Hines Blvd
Dallas,TX75219 		N/A PC Towards the 50th Anniversary Celebration 1,000
Junior League of Dallas


8003 Inwood Rd
Dallas,TX75209 		N/A PC General operating support 10,000
Lumin Education


924 Wayne Street
Dallas,TX75223 		N/A PC General operating support 1,000
McKinney Philharmonic Orchestra


1011 Thomas Street
Denton,TX76201 		N/A PC General operating support 500
Nasher Sculpture Center


2001 Flora Street
Dallas,TX75201 		N/A PC General operating support 4,500
New Friends New Life


P O Box 192378
Dallas,TX75219 		N/A PC General operating support 2,500
Nomi Network


P O Box 42
New York,NY10156 		N/A PC Towards programming at Letot Residential Treatment Center of Dallas 5,000
Parkland Foundation


1341 W Mockingbird Ln Suite 1100E
Dallas,TX75247 		N/A PC Multi-year funding towards the Breast Cancer Center at Parkland 20,000
Ronald McDonald House of Dallas


4707 Bengal Street
Dallas,TX75235 		N/A PC Mulit-year funding towards the capital campaign 10,000
SM Wright Foundation


9213 Sovereign Row
Dallas,TX75247 		N/A PC Development Annual Support 7,500
Salvation Army of North Texas


P O Box 36006
Dallas,TX75235 		N/A PC General operating support 1,000
Santa Fe Opera


301 Opera Drvie
Santa Fe,NM87506 		N/A PC General operating support 2,500
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Multi-year funding towards the Owens Art Center Renovation in honor of Nancy McMillan Dedman 71,430
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC J Erik Jonsson Ethic Award 1,000
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC DFW Albert Schweitzer Fellowship Program 2,500
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Multi-year funding supporting "Meadows at the Meyerson" 7,500
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Towards Tables of Content event supporting SMU libraries 2,500
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Towards Friends of SMU in Taos 2,500
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Tower Center for Public Policy and International Affairs 5,000
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Brad Cheves Scholarship Fund 5,000
Southern Methodist University


P O Box 750100
Dallas,TX75275 		N/A PC Multi-year funding towards the Caren and Vin Prothro Organ for Perkins Chapel 20,000
St Michaels and All Angles Episcopa


8011 Douglas Ave
Dallas,TX75225 		N/A PC General operating support 8,000
TACA


1722 Routh Street 115
Dallas,TX75201 		N/A PC Special event underwriting 1,000
Texas 2036


3963 Maple Avenue
Dallas,TX75219 		N/A PC General operating suppport 1,000
Texas State History Museum Foundato


P O Box 12456
Austin,TX78711 		N/A PC Special event honoring James Dick and Lyda Hill 1,000
United to Learn


3000 Pegasus Park Drive Ste 940
Dallas,TX75247 		N/A PC Learning Launch '22 1,000
United Way of Metropolitan Dallas


1800 N Lamar
Dallas,TX75202 		N/A PC Multi-year funding towards the Ruth Altshuler Basic Needs Fund 50,000
United Way of Metropolitan Dallas


1800 N Lamar
Dallas,TX75202 		N/A PC Tocqueville Society 2023 3,334
UT Southwestern Medical Center


5323 Harry Hines Blvd
Dallas,TX75390 		N/A GOV Multi-year funding towards the Outpatient Cancer Care Tower 20,000
Visiting Nurse Association


1420 W Mockingbird Ln 700
Dallas,TX75247 		N/A PC Special event underwriting 3,334
Wake Forest University


1834 Wake Forest Rd
WinstonSalem,NC27109 		N/A PC Annual Fund 2,500
Yale University


195 Prospect St
New Haven,CT06511 		N/A PC Multi-year funding for the School of the Environment 50,000
Total .................................right arrow 3a 450,098
bApproved for future payment
Southern Methodist University

P O Box 750100
Dallas,TX75275 		N/A PC Multi-year funding towards the Owens Art Center Renovation in honor of Nancy McMillan Dedman 214,280
Southern Methodist University

P O Box 750100
Dallas,TX75275 		N/A PC Multi-year funding towards the Caren and Vin Prothro Organ for Perkins Chapel 80,000
UT Southwestern Medical Center

5323 Harry Hines Blvd
Dallas,TX75390 		N/A PC Multi-year funding towards the Outpatient Cancer Center Tower 80,000
Yale University

195 Prospect Street
New Haven,CT06511 		N/A PC Multi-year funding for The School of the Environment 850,000
Total ................................. right arrow 3b 1,224,280
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 2,530  
4 Dividends and interest from securities ....     14 90,875  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 610,325  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aExcise tax refund 		        684
bK-1 3662 Investors 901101 -18,597 14 -16,559  
cK-1 TCW Securitized Opp     14 36,865  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -18,597 724,036 684
13Total. Add line 12, columns (b), (d), and (e)..................
13
706,123
(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.)
11a Excise tax refund exempt from tax
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: 22015553
Software Version: 2022v5.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax preparation services 3,425 1,713 0 1,712

TY 2022 InvestmentsCorpStockSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Name of Stock End of Year Book Value End of Year Fair Market Value
323 shs Airbnb Inc. 50,869 27,617
2900 shs Alphabet Inc Cl C 70,299 257,317
1580 shs Alphabet Inc. Cl A 27,304 139,404
84 shs Amazon.com Inc. 101,154 248,640
3196 shs Apple Inc. 48,249 415,256
1376 shs Berkshire Hathaway Inc. Cl B 148,035 425,046
395 shs Caterpillar Inc 75,864 94,626
366 shs Danaher Corp 100,584 97,144
862 shs DR Horton 75,481 76,839
700 shs Edward Lifesciences Corp 51,849 52,227
150 shs Illunina 46,846 30,330
2000 shs Intel Corp 94,464 52,860
595 shs Jacobs Solutions Inc. 75,250 71,442
950 shs Johnson & Johnson 115,947 167,818
1453 shs JPMorgan Chase & Co 73,057 194,847
810 shs Mastercard Inc. 13,451 281,661
1300 shs Microsoft Corp 36,069 311,766
910 shs Paypal Holdings 30,979 64,810
1000 shs Texas Instruments Inc. 94,141 165,220
600 shs Thermo-Fisher Scientific 77,292 330,414
1236 shs VISA Inc. 17,012 256,791
1867 shs Walmart Inc. 198,521 264,722
740 shs Walt Disney Co/The 98,200 64,291
300 shs Reata Pharmaceuticals Inc 44,370 11,397
550 shs Accenture PLC 20,000 146,762
20300 shs AIA Group Ltd 151,053 225,759
4700 shs Arch Capital Group Ltd 118,004 295,066
1050 shs Canadian Pacific Railway Ltd 76,052 78,320
346 shs Linde PLC 100,904 112,858
1110 shs Nestle SA Spons ADR 74,067 128,027

TY 2022 InvestmentsOtherSchedule2
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
3662 Investors, LP AT COST 22,184 57,340
RB East Wing Property LLC AT COST 112,500 125,000
TCW Securitized Opportunities LP AT COST 485,204 440,247
162412 shs JPMorgan Managed Income AT COST 1,627,040 1,620,871
775 shs Matthews Japan Fund AT COST 16,011 11,548
3627 shs Matthews Asia Dividend AT COST 51,198 48,025
7436 shs Matthews Pacific Tiger AT COST 169,255 149,912
2584 shs Driehaus Emerg Mkts Grw AT COST 81,553 81,857
11313 shs Matthews Asia Dividend AT COST 185,582 149,788
9077 shs Wasatch Frontier Em Sm Cos AT COST 11,383 9,077

TY 2022 LandEtcSchedule2
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Machinery and Equipment 17,682 17,682    


TY 2022 LegalFeesSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal services 1,140 0 0 1,140


TY 2022 OtherAssetsSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Dividends receivable 876 5,792 5,792


TY 2022 OtherExpensesSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Custodian or bank charges 58 58    
Insurance 739 370   369


TY 2022 OtherIncomeSchedule2
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Excise tax refund 684    
K-1 3662 Investors -35,156 -16,559  
K-1 TCW Securitized Opp 36,865 36,865  


TY 2022 TaxesSchedule
Name:
Vin and Caren Prothro Foundation
EIN:
75-2911958
Software ID:
22015553
Software Version:
2022v5.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise taxes paid 1,000      
Foreign taxes paid 1,606 1,606