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
CHASE FOUNDATION
MACK C CHASE TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)2103 W MAIN ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARTESIA, NM88210
A Employer identification number

36-7466258
B Telephone number (see instructions)

(575) 746-4610
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$37,569,714J 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) 136,350
2 Check right arrow.............
3 Interest on savings and temporary cash investments 157,829 157,829 157,829
4 Dividends and interest from securities... 431,417 429,685 431,417
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 362,757
b Gross sales price for all assets on line 6a 2,857,650
7 Capital gain net income (from Part IV, line 2)... 362,757
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
1,559,240 883,624 1,559,240
12 Total. Add lines 1 through 11........ 2,647,593 1,833,895 2,148,486
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 566,145     566,145
15 Pension plans, employee benefits....... 1,283     1,283
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,137     23,137
c Other professional fees (attach schedule)....        
17 Interest............... 2,149     2,149
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,596     21,596
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
46,212    
20 Occupancy.............. 18,332     18,332
21 Travel, conferences, and meetings....... 11,249     11,249
22 Printing and publications.......... 2,215     2,215
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
406,452 164,331   242,121
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,098,770 164,331   888,227
25 Contributions, gifts, grants paid....... 1,229,164 1,229,164
26 Total expenses and disbursements. Add lines 24 and 25 2,327,934 164,331   2,117,391
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 319,659
b Net investment income (if negative, enter -0-) 1,669,564
c Adjusted net income (if negative, enter -0-)... 2,148,486
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............. 1,155,190 1,996,803 1,996,803
2 Savings and temporary cash investments......... 13,006 8,957 8,957
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.......... 1,996 90,015 90,015
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 13,784,535 Click to see attachment
List of Attached Documents:
// Content
14,091,925 		19,114,018
c Investments—corporate bonds (attach schedule)....... 6,564,165 Click to see attachment
List of Attached Documents:
// Content
7,027,339 		6,358,813
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).......... 10,197,196 Click to see attachment
List of Attached Documents:
// Content
8,853,446 		8,853,446
14 Land, buildings, and equipment: basis right arrow1,147,662
Less: accumulated depreciation (attach schedule) right arrow366,489 827,386 Click to see attachment
List of Attached Documents:
// Content
781,173 		1,147,662
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,543,474 32,849,658 37,569,714
Liabilities 17 Accounts payable and accrued expenses.......... 353 470
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) Click to see attachment
List of Attached Documents:
// Content
49,736 		Click to see attachment
List of Attached Documents:
// Content
36,144
23 Total liabilities (add lines 17 through 22)......... 50,089 36,614
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........ 32,493,385 32,866,016
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds   -52,972
29 Total net assets or fund balances (see instructions)..... 32,493,385 32,813,044
30 Total liabilities and net assets/fund balances (see instructions). 32,543,474 32,849,658
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
32,493,385
2
Enter amount from Part I, line 27a .....................
2
319,659
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
32,813,044
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
32,813,044
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 MEDTRONIC PLC SHS P 2021-12-15 2022-11-21
b INTL FLAVORS&FRAGRNC P 2019-11-26 2022-09-21
c MEDTRONIC PLC SHS P 2018-06-18 2022-11-21
d FIRST EAGLE OVERSEAS P 2021-12-02 2022-11-08
e FIRST EAGLE OVERSEAS P 2017-12-14 2022-04-06
INVESCO DEVELOPING P 2018-06-13 2022-11-08
AT&T INC 3.40% 25 P 2021-05-28 2022-05-11
ORIX CORP 2.90%JUL18 22 P 2017-07-21 2022-07-19
ALPHABET INC. CMN CLASS C P 2018-04-03 2022-07-01
ELEVANCE HEALTH INC CMN P 2020-02-27 2022-05-23
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-21 2022-10-25
WELLS FARGO & CO (NEW) CMN P 2020-07-23 2022-01-21
CBS CORPORATION 3.5% 01/15/2025 SR L P 2017-06-21 2022-04-18
ENDAVA PLC ADR CMN P 2021-09-30 2022-03-03
COVETRUS, INC. CMN P 2020-08-28 2022-09-15
HELIOS TECHNOLOGIES INC. CMN P 2017-06-27 2022-06-17
OLLIE'S BARGAIN OUTLET HLDG INC CMN P 2019-10-17 2022-03-04
RAPID7, INC. CMN P 2020-11-18 2022-08-08
SUPERNUS PHARMACEUTICALS, INC. CMN P 2021-02-25 2022-12-22
MEDTRONIC PLC SHS P 2021-12-14 2022-11-21
INTL FLAVORS&FRAGRNC P 2019-11-26 2022-09-21
MERCK AND CO INC SHS P 2020-05-26 2022-02-24
FIRST EAGLE OVERSEAS P 2021-12-02 2022-11-08
FIRST EAGLE OVERSEAS P 2017-12-14 2022-04-06
TETON WESTWOOD MIGHTY P 2013-11-26 2022-11-08
US TSY 2.000% FEB 15 2022 P 2018-12-31 2022-02-15
SUNTRUST BK CLD 2.80% 2022 P 2019-12-10 2022-04-18
ALPHABET INC. CMN CLASS C P 2018-04-03 2022-04-22
ELEVANCE HEALTH INC CMN P 2020-08-07 2022-05-09
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-12 2022-10-25
WILLIS TOWERS WATSON PLC CMN P 2021-02-26 2022-03-21
CBS CORPORATION 3.5% 01/15/2025 SR L P 2017-06-21 2022-03-03
HALOZYME THERAPEUTICS, INC. CMN P 2021-10-01 2022-08-04
COVETRUS, INC. CMN P 2020-08-27 2022-09-15
LHC GROUP, INC. CMN P 2019-03-04 2022-06-17
OPEN LENDING CORP CMN P 2021-08-20 2022-10-11
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-10-08 2022-12-01
SYNEOS HEALTH INC CMN P 2016-08-01 2022-12-01
WALMART INC P 2021-12-14 2022-09-21
LOCKHEED MARTIN CORP P 2019-06-07 2022-02-14
MERCK AND CO INC SHS P 2020-05-22 2022-02-24
FIRST EAGLE OVERSEAS P 2021-12-02 2022-11-08
FIRST EAGLE OVERSEAS P 2017-12-14 2022-04-06
TETON WESTWOOD MIGHTY P 2013-11-26 2022-11-08
US TSY 2.000% FEB 15 2022 P 2017-07-31 2022-02-15
USD RABOBANK 3.87%FEB08 22 P 2019-11-04 2022-02-08
ALPHABET INC. CMN CLASS C P 2018-04-03 2022-02-04
ELEVANCE HEALTH INC CMN P 2020-08-07 2022-05-06
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-12 2022-09-09
WILLIS TOWERS WATSON PLC CMN P 2021-03-11 2022-03-18
CBS CORPORATION 3.5% 01/15/2025 SR L P 2017-06-21 2022-03-03
LHC GROUP, INC. CMN P 2021-11-04 2022-05-09
COVETRUS, INC. CMN P 2020-08-10 2022-09-15
LHC GROUP, INC. CMN P 2018-10-24 2022-06-17
OPEN LENDING CORP CMN P 2021-04-01 2022-10-11
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-10-04 2022-12-01
SYNEOS HEALTH INC CMN P 2016-07-22 2022-12-01
ABBVIE INC SHS P 2020-02-27 2022-08-04
LOCKHEED MARTIN CORP P 2019-02-08 2022-02-14
MERCK AND CO INC SHS P 2020-04-01 2022-02-24
INVESCO DEVELOPING P 2021-12-14 2022-11-08
FIRST EAGLE OVERSEAS P 2017-12-14 2022-11-08
TETON WESTWOOD MIGHTY P 2013-11-26 2022-11-08
US TSY 2.375% JAN 31 2023 P 2018-05-31 2022-08-03
EQT CORP 3.00% 22 P 2018-06-07 2022-03-29
AON PUBLIC LIMITED COMPANY CMN P 2018-04-03 2022-12-12
ELEVANCE HEALTH INC CMN P 2020-08-07 2022-05-05
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-12 2022-09-08
WILLIS TOWERS WATSON PLC CMN P 2021-02-26 2022-03-18
EATON CORP 2.75% 11/02/2022 SER B SR P 2016-04-26 2022-09-15
OLLIE'S BARGAIN OUTLET HLDG INC CMN P 2021-04-12 2022-03-04
COVETRUS, INC. CMN P 2020-12-15 2022-09-14
LHC GROUP, INC. CMN P 2018-09-21 2022-06-17
PATRICK INDUSTRIES, INC. CMN P 2017-05-04 2022-01-24
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-03-12 2022-12-01
SYNEOS HEALTH INC CMN P 2016-07-20 2022-12-01
ACCENTURE PLC SHS P 2018-06-18 2022-09-21
LOCKHEED MARTIN CORP P 2019-02-07 2022-02-14
MERCK AND CO INC SHS P 2020-03-31 2022-02-24
INVESCO DEVELOPING P 2021-12-14 2022-11-08
FIRST EAGLE OVERSEAS P 2017-12-14 2022-11-08
TETON WESTWOOD MIGHTY P 2013-11-26 2022-11-08
US TSY 2.375% JAN 31 2023 P 2018-05-31 2022-09-13
MONDELEZ INTL 2.75% 2030 P 2020-05-29 2022-03-18
AON PUBLIC LIMITED COMPANY CMN P 2018-04-03 2022-08-31
GENERAL MOTORS COMPANY CMN P 2018-04-03 2022-11-01
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-12 2022-09-07
WILLIS TOWERS WATSON PLC CMN P 2021-03-11 2022-03-17
HONEYWELL INTERNATIONAL INC. 0.483% P 2020-08-17 2022-08-19
RAPID7, INC. CMN P 2022-07-22 2022-08-08
COVETRUS, INC. CMN P 2020-08-11 2022-09-14
MAGNOLIA OIL & GAS CORP CMN CLASS A P 2021-06-23 2022-09-23
PATRICK INDUSTRIES, INC. CMN P 2017-05-04 2022-01-20
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-03-12 2022-11-07
SYNEOS HEALTH INC CMN P 2016-08-17 2022-01-04
AMER EXPRESS COMPANY P 2019-08-13 2022-09-21
LOCKHEED MARTIN CORP P 2018-08-29 2022-02-14
MICROSOFT CORP P 2018-06-18 2022-09-21
FIRST EAGLE OVERSEAS P 2020-12-02 2022-11-08
FIRST EAGLE OVERSEAS P 2017-12-14 2022-11-08
TETON WESTWOOD MIGHTY P 2012-12-27 2022-11-08
AT&T INC 3.40% 25 P 2017-03-22 2022-05-11
MORGAN STANLEY 3.87% 2024 P 2018-11-06 2022-10-17
AON PUBLIC LIMITED COMPANY CMN P 2020-08-05 2022-05-25
GENERAL MOTORS COMPANY CMN P 2018-04-03 2022-10-18
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-04-03 2022-09-07
LYONDELLBASELL INDUSTRIES N.V. CMN C P 2022-06-01 2022-11-18
MCDONALD'S CORPORATION MTN 2.625% 01 P 2017-10-30 2022-01-15
RAPID7, INC. CMN P 2022-07-21 2022-08-08
COVETRUS, INC. CMN P 2020-08-10 2022-09-14
MAGNOLIA OIL & GAS CORP CMN CLASS A P 2021-03-05 2022-09-23
PATRICK INDUSTRIES, INC. CMN P 2019-10-30 2022-01-19
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-03-12 2022-07-22
SYNEOS HEALTH INC CMN P 2016-07-20 2022-01-04
APPLE INC P 2018-06-18 2022-09-21
LOCKHEED MARTIN CORP P 2018-06-18 2022-02-14
MONDELEZ INTERNATIONAL P 2018-06-18 2022-09-21
FIRST EAGLE OVERSEAS P 2019-12-19 2022-11-08
FIRST EAGLE OVERSEAS P 2017-04-03 2022-04-06
TETON WESTWOOD MIGHTY P 2012-11-28 2022-11-08
AT&T INC 3.40% 25 P 2015-04-29 2022-05-11
MORGAN STANLEY 3.87% 2024 P 2018-10-12 2022-10-17
AON PUBLIC LIMITED COMPANY CMN P 2018-04-03 2022-05-25
GENERAL MOTORS COMPANY CMN P 2018-04-03 2022-05-19
MICROSOFT CORPORATION CMN P 2018-04-03 2022-04-22
LYONDELLBASELL INDUSTRIES N.V. CMN C P 2022-05-31 2022-11-18
SUMITOMO MITSUI FINANCIAL GROU 2.778 P 2017-10-11 2022-10-18
SHOALS TECHNOLOGIES GROUP, INC CMN P 2022-10-31 2022-12-01
ENDAVA PLC ADR CMN P 2020-10-08 2022-03-11
MAGNOLIA OIL & GAS CORP CMN CLASS A P 2021-03-04 2022-09-23
PATRICK INDUSTRIES, INC. CMN P 2017-05-04 2022-01-19
RITCHIE BROS. AUCTIONEERS INC CMN P 2013-03-12 2022-07-21
TEXAS ROADHOUSE, INC. CMN P 2019-07-24 2022-06-17
CHEVRON CORP P 2018-06-18 2022-09-21
LOWE'S COMPANIES INC P 2018-06-18 2022-09-21
MOTOROLA SOLUTIONS INC P 2020-06-18 2022-09-21
FIRST EAGLE OVERSEAS P 2019-12-19 2022-11-08
INVESCO DEVELOPING P 2020-12-11 2022-11-08
TETON WESTWOOD MIGHTY P 2012-11-28 2022-11-08
US TSY 2.375% JAN 31 2023 P 2020-12-31 2022-10-03
US TSY 1.750% NOV 15 2029 P 2020-06-02 2022-09-27
AON PUBLIC LIMITED COMPANY CMN P 2020-08-05 2022-05-24
HILTON WORLDWIDE HOLDINGS INC. CMN P 2020-07-27 2022-12-02
MORGAN STANLEY CMN P 2018-10-17 2022-11-01
WILLIS TOWERS WATSON PLC CMN P 2021-04-20 2022-03-17
V.F. CORPORATION 2.05% 04/23/2022 SR P 2020-04-21 2022-04-23
SHOALS TECHNOLOGIES GROUP, INC CMN P 2022-10-24 2022-12-01
ENDAVA PLC ADR CMN P 2020-10-07 2022-03-11
MAGNOLIA OIL & GAS CORP CMN CLASS A P 2021-03-05 2022-04-20
PATRICK INDUSTRIES, INC. CMN P 2020-07-09 2022-01-18
SKYLINE CHAMPION CORPORATION CMN P 2020-11-06 2022-06-17
TEXAS ROADHOUSE, INC. CMN P 2014-03-27 2022-06-17
DUKE REALTY CORP P 2020-11-04 2022-05-10
LOWE'S COMPANIES INC P 2018-06-18 2022-12-21
PHILIP MORRIS INTL INC P 2018-06-18 2022-03-03
FIRST EAGLE OVERSEAS P 2019-12-19 2022-11-08
INVESCO DEVELOPING P 2019-12-16 2022-11-08
TETON WESTWOOD MIGHTY P 2012-11-28 2022-11-08
US TSY 2.375% JAN 31 2023 P 2020-12-31 2022-12-02
US TSY 1.750% NOV 15 2029 P 2020-01-15 2022-02-01
AON PUBLIC LIMITED COMPANY CMN P 2020-08-04 2022-05-24
HILTON WORLDWIDE HOLDINGS INC. CMN P 2020-04-01 2022-12-02
MORGAN STANLEY CMN P 2018-10-17 2022-10-31
GS HIGH YEILD FLOATING RATE FUND CLA P 2021-02-12 2022-10-18
VODAFONE GROUP PUBLIC LIMITED 4.375% P 2021-09-01 2022-12-14
AVIENT COR CMN P 2018-05-24 2022-06-17
ENDAVA PLC ADR CMN P 2020-10-02 2022-03-11
MEDPACE HOLDINGS, INC. CMN P 2020-12-07 2022-07-21
PATRICK INDUSTRIES, INC. CMN P 2019-10-30 2022-01-18
SKYLINE CHAMPION CORPORATION CMN P 2019-06-18 2022-06-17
UFP INDUSTRIES, INC. CMN P 2013-03-12 2022-02-10
DUKE REALTY CORP P 2020-11-03 2022-05-10
MARSH & MCLENNAN COS INC P 2018-06-18 2022-09-21
PROLOGIS INC P 2020-11-04 2022-10-06
FIRST EAGLE OVERSEAS P 2018-12-13 2022-11-08
INVESCO DEVELOPING P 2019-12-16 2022-11-08
TETON WESTWOOD MIGHTY P 2012-11-28 2022-11-08
US TSY 2.375% JAN 31 2023 P 2020-02-03 2022-09-13
US TSY 1.750% NOV 15 2029 P 2020-01-15 2022-09-27
AON PUBLIC LIMITED COMPANY CMN P 2020-08-04 2022-01-05
HILTON WORLDWIDE HOLDINGS INC. CMN P 2018-12-24 2022-12-02
MORGAN STANLEY CMN P 2018-07-13 2022-10-31
CENTERPOINT ENERGY, INC 4.25% 11/01/ P 2022-01-18 2022-03-30
CERENCE, INC. CMN P 2021-12-14 2022-08-09
AVIENT COR CMN P 2018-02-14 2022-06-17
GLACIER BANCORP INC (NEW) CMN P 2017-12-15 2022-03-07
MEDPACE HOLDINGS, INC. CMN P 2020-12-04 2022-07-21
PATRICK INDUSTRIES, INC. CMN P 2018-01-30 2022-01-18
SKYLINE CHAMPION CORPORATION CMN P 2018-10-09 2022-06-17
US ECOLOGY HOLDINGS INC CMN P 2019-12-19 2022-04-11
DUKE REALTY CORP P 2020-11-02 2022-05-10
MCDONALDS CORP COM P 2020-04-06 2022-09-21
TEXAS INSTRUMENTS P 2018-04-03 2022-09-21
FIRST EAGLE OVERSEAS P 2018-12-13 2022-11-08
INVESCO DEVELOPING P 2019-12-16 2022-11-08
NEUBERGER BERMAN P 2011-08-19 2022-11-08
US TSY 2.375% JAN 31 2023 P 2020-02-03 2022-10-03
US TSY 2.625% FEB 15 2029 P 2019-07-19 2022-02-01
ELEVANCE HEALTH INC CMN P 2020-06-26 2022-11-10
HILTON WORLDWIDE HOLDINGS INC. CMN P 2020-07-27 2022-01-25
MORGAN STANLEY CMN P 2018-07-13 2022-08-15
ROYAL BK SCOTLND GRP PLC 6.0% 12/19/ P 2022-01-18 2022-08-10
CHEMOCENTRYX, INC CMN P 2022-05-09 2022-10-20
AVIENT COR CMN P 2017-06-29 2022-06-17
GLACIER BANCORP INC (NEW) CMN P 2017-08-11 2022-03-07
NOVANTA INC. CMN P 2021-01-20 2022-07-22
PATRICK INDUSTRIES, INC. CMN P 2017-05-02 2022-01-18
SKYLINE CHAMPION CORPORATION CMN P 2020-11-06 2022-02-10
US ECOLOGY HOLDINGS INC CMN P 2017-06-02 2022-04-11
DUKE REALTY CORP P 2020-10-30 2022-05-10
MCDONALDS CORP COM P 2020-04-06 2022-12-21
TJX COS INC NEW P 2021-02-22 2022-09-21
FIRST EAGLE OVERSEAS P 2018-12-13 2022-11-08
INVESCO DEVELOPING P 2018-12-03 2022-11-08
TETON WESTWOOD MIGHTY P 2011-11-28 2022-11-08
FNMA PMA (NUEBERGER SUPPLEMENTAL) P 2023-01-25 2023-01-25
VMWARE INC 2.95% 22 P 2017-08-17 2022-01-18
ELEVANCE HEALTH INC CMN P 2020-02-27 2022-11-10
LYONDELLBASELL INDUSTRIES N.V. CMN C P 2021-07-12 2022-11-18
MORGAN STANLEY CMN P 2018-04-03 2022-08-15
AIR LEASE CORPORATION 2.625% 07/01/2 P 2017-06-05 2022-07-01
CHEMOCENTRYX, INC CMN P 2022-03-04 2022-10-20
BOOT BARN HOLDINGS, INC. CMN P 2020-10-08 2022-01-31
HALOZYME THERAPEUTICS, INC. CMN P 2021-10-01 2022-12-01
NOVANTA INC. CMN P 2019-07-29 2022-07-22
PAYLOCITY HOLDING CORPORATION CMN P 2018-10-31 2022-10-11
SKYLINE CHAMPION CORPORATION CMN P 2018-09-21 2022-02-10
US ECOLOGY HOLDINGS INC CMN P 2013-03-12 2022-04-11
DUKE REALTY CORP P 2020-10-29 2022-05-10
MEDTRONIC PLC SHS P 2020-11-19 2022-11-21
TJX COS INC NEW P 2021-02-22 2022-12-21
FIRST EAGLE OVERSEAS P 2018-12-13 2022-11-08
INVESCO DEVELOPING P 2018-12-03 2022-11-08
TETON WESTWOOD MIGHTY P 2011-11-28 2022-11-08
US TSY 2.000% NOV 15 2041 P 2021-12-30 2022-07-29
US TSY 3.000% MAY 15 2042 P 2012-12-18 2022-12-15
ELEVANCE HEALTH INC CMN P 2020-02-27 2022-07-01
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2020-04-01 2022-12-01
UNITEDHEALTH GROUP INCORPORATE CMN P 2018-04-03 2022-11-08
BROADCOM INC. 4.7% 04/15/2025 SER WI P 2021-02-02 2022-04-15
CHEMOCENTRYX, INC CMN P 2022-02-10 2022-10-20
BOOT BARN HOLDINGS, INC. CMN P 2020-10-07 2022-01-31
HALOZYME THERAPEUTICS, INC. CMN P 2021-08-20 2022-12-01
NOVANTA INC. CMN P 2019-04-12 2022-07-22
PAYLOCITY HOLDING CORPORATION CMN P 2018-10-23 2022-10-11
STAG INDUSTRIAL, INC. CMN P 2020-12-15 2022-05-26
US ECOLOGY HOLDINGS INC CMN P 2011-02-01 2022-04-11
DUKE REALTY CORP P 2020-10-28 2022-05-10
MEDTRONIC PLC SHS P 2019-02-22 2022-11-21
UNION PACIFIC CORP P 2018-06-18 2022-09-21
FIRST EAGLE OVERSEAS P 2018-12-13 2022-11-08
INVESCO DEVELOPING P 2018-12-03 2022-11-08
TETON WESTWOOD MIGHTY P 2011-11-28 2022-11-08
APPLE INC 2.50%FEB09 25 P 2018-06-28 2022-12-01
US TSY 3.000% MAY 15 2042 P 2012-05-16 2022-12-15
ELEVANCE HEALTH INC CMN P 2020-02-27 2022-05-24
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-21 2022-12-01
UNITEDHEALTH GROUP INCORPORATE CMN P 2018-04-03 2022-07-25
CANADIAN IMPERIAL BANK OF COMM HYBRI P 2019-07-15 2022-07-22
CHEMOCENTRYX, INC CMN P 2022-02-10 2022-08-11
CERENCE, INC. CMN P 2021-03-08 2022-08-09
HALOZYME THERAPEUTICS, INC. CMN P 2021-01-20 2022-08-04
OLLIE'S BARGAIN OUTLET HLDG INC CMN P 2020-02-14 2022-03-04
PAYLOCITY HOLDING CORPORATION CMN P 2018-10-31 2022-09-22
STAG INDUSTRIAL, INC. CMN P 2017-12-15 2022-05-26
INTL FLAVORS&FRAGRNC P 2019-11-27 2022-09-21
MEDTRONIC PLC SHS P 2018-06-18 2022-11-18
UNITEDHEALTH GROUP INC P 2018-06-18 2022-09-21
FIRST EAGLE OVERSEAS P 2018-05-16 2022-11-08
INVESCO DEVELOPING P 2018-06-13 2022-04-06
TETON WESTWOOD MIGHTY P 2011-08-19 2022-11-08
BP CAP MARKETS AM 3.19% 25 P 2020-07-09 2022-08-24
FNMA/FHLMC (LOOMIS SAYLES SUPPLEMENT P 2023-01-25 2023-01-25
ELEVANCE HEALTH INC CMN P 2020-08-07 2022-05-23
MARRIOTT INTERNATIONAL, INC CMN CLAS P 2018-12-21 2022-10-31
WELLS FARGO & CO (NEW) CMN P 2020-07-23 2022-02-14
CAPITAL ONE FINANCIAL CO 3.05% 03/09 P 2017-03-06 2022-02-09
CHEMOCENTRYX, INC CMN P 2021-12-01 2022-08-11
CERENCE, INC. CMN P 2020-11-18 2022-08-09
HELIOS TECHNOLOGIES INC. CMN P 2017-08-07 2022-06-17
OLLIE'S BARGAIN OUTLET HLDG INC CMN P 2019-10-21 2022-03-04
PAYLOCITY HOLDING CORPORATION CMN P 2018-09-18 2022-09-22
SUPERNUS PHARMACEUTICALS, INC. CMN P 2021-10-27 2022-12-22
(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 4,633   5,892 -1,259
b 507   708 -201
c 7,363   7,675 -312
d 10,287   11,432 -1,145
e 8,521   8,380 141
167,837   222,024 -54,187
1,005   1,005  
8,000   8,000  
8,708   4,040 4,668
4,465   2,361 2,104
1,862   1,239 623
5,793   2,820 2,973
22,389   22,164 225
2,361   2,696 -335
1,359   1,515 -156
1,010   682 328
752   1,065 -313
1,208   1,277 -69
1,681   1,358 323
9,265   12,523 -3,258
710   968 -258
2,797   2,818 -21
5,837   6,486 -649
25   24 1
24   24  
24,000   24,000  
9,000   9,000  
19,347   8,079 11,268
2,467   1,378 1,089
8,532   6,052 2,480
9,991   9,573 418
25,090   24,186 904
690   607 83
1,359   1,537 -178
1,584   1,091 493
351   1,630 -1,279
2,178   776 1,402
864   1,022 -158
1,774   1,883 -109
7,732   7,101 631
8,610   8,515 95
487   542 -55
25   25  
32,875   32,875  
8,000   8,000  
9,000   9,000  
5,717   2,020 3,697
8,587   4,685 3,902
4,516   3,081 1,435
5,856   5,566 290
4,182   4,031 151
4,141   3,393 748
857   971 -114
1,584   914 670
456   2,551 -2,095
2,178   803 1,375
1,080   1,281 -201
21,161   13,096 8,065
5,799   4,480 1,319
11,701   11,163 538
810   1,131 -321
989   1,100 -111
2,664   2,664  
14,958   14,958  
9,000   8,960 40
13,465   6,089 7,376
4,059   2,205 1,854
5,579   3,852 1,727
3,982   3,785 197
50,000   50,000  
885   1,820 -935
1,253   1,742 -489
3,009   1,870 1,139
650   488 162
708   275 433
216   258 -42
3,529   2,118 1,411
5,026   3,897 1,129
31,056   30,999 57
9,834   13,721 -3,887
9,505   10,579 -1,074
24   16 8
5,975   5,975  
3,787   4,180 -393
8,788   4,290 4,498
9,071   8,516 555
4,397   3,081 1,316
8,593   8,238 355
18,000   18,000  
671   722 -51
2,088   2,391 -303
947   768 179
210   147 63
1,782   741 1,041
562   264 298
1,830   1,512 318
8,505   7,136 1,369
2,688   1,109 1,579
1,878   2,145 -267
3,683   4,100 -417
5,919   4,487 1,432
15,079   14,804 275
979   990 -11
3,721   2,779 942
9,410   10,101 -691
4,869   4,099 770
2,127   2,969 -842
50,000   50,000  
470   515 -45
209   237 -28
1,326   880 446
1,876   1,285 591
1,379   424 955
1,312   603 709
7,369   2,219 5,150
55,285   44,244 11,041
2,965   1,970 995
12,151   13,163 -1,012
16,428   15,737 691
1,660   1,213 447
5,026   4,962 64
14,687   14,876 -189
266   138 128
8,730   8,921 -191
11,100   3,575 7,525
3,927   5,552 -1,625
50,000   50,000  
499   486 13
1,082   653 429
189   120 69
72   49 23
1,155   360 795
359   271 88
1,735   1,385 350
4,614   2,369 2,245
3,383   1,976 1,407
17,619   19,085 -1,466
442   688 -246
24   18 6
996   1,007 -11
859   1,077 -218
3,987   2,978 1,009
3,244   1,749 1,495
6,922   3,896 3,026
1,161   1,186 -25
25,000   24,996 4
808   678 130
1,406   853 553
2,627   1,258 1,369
738   557 181
222   145 77
1,796   644 1,152
99   82 17
7,262   3,554 3,708
12,404   9,681 2,723
43   46 -3
1,005   1,350 -345
2,815   2,057 758
11,967   12,042 -75
14,005   13,951 54
3,987   2,989 998
846   387 459
2,563   1,455 1,108
323,191   350,000 -26,809
40,000   45,351 -5,351
614   637 -23
216   130 86
2,453   2,060 393
295   198 97
887   536 351
2,701   468 2,233
8,250   6,648 1,602
1,877   990 887
87   73 14
22   22  
315   424 -109
15,038   10,988 4,050
11,951   12,047 -96
27,475   31,888 -4,413
5,578   3,786 1,792
5,642   2,672 2,970
7,193   4,183 3,010
30,712   30,593 119
587   1,954 -1,367
1,023   1,043 -20
2,069   1,549 520
818   681 137
738   666 72
1,109   695 414
1,199   1,424 -225
7,356   5,734 1,622
1,780   1,219 561
2,847   1,728 1,119
22   24 -2
3,384   4,545 -1,161
100,000   49,570 50,430
7,967   8,027 -60
4,228   4,153 75
8,300   4,150 4,150
5,528   3,043 2,485
8,078   4,231 3,847
47,928   49,607 -1,679
3,120   921 2,199
409   381 28
1,293   838 455
750   658 92
295   223 72
777   289 488
1,199   1,281 -82
7,405   5,648 1,757
37,276   24,199 13,077
1,739   1,881 -142
11,280   11,139 141
33   44 -11
24   16 8
4,409   4,409  
8,102   7,997 105
5,707   2,885 2,822
15,708   19,244 -3,536
2,937   1,690 1,247
50,000   49,777 223
3,120   1,446 1,674
2,262   813 1,449
2,290   1,618 672
750   441 309
2,752   789 1,963
4,273   1,657 2,616
3,116   1,633 1,483
4,125   3,120 1,005
3,723   4,994 -1,271
7,869   6,968 901
1,168   1,154 14
1,102   1,306 -204
16,650   10,765 5,885
15,651   19,109 -3,458
15,356   17,058 -1,702
7,755   4,197 3,558
3,141   1,309 1,832
24,831   10,015 14,816
31,308   33,099 -1,791
1,040   612 428
905   320 585
859   593 266
1,500   884 616
3,440   974 2,466
1,639   1,537 102
479   170 309
6,660   4,995 1,665
10,010   11,314 -1,304
3,447   2,349 1,098
11,190   11,051 139
6   7 -1
4,283   2,769 1,514
14,379   14,379  
9,033   10,097 -1,064
3,983   2,098 1,885
3,802   2,375 1,427
2,113   890 1,223
25,000   25,000  
1,014   612 402
352   1,319 -967
2,300   2,382 -82
442   560 -118
1,942   526 1,416
983   815 168
1,319   1,836 -517
14,785   15,696 -911
2,078   1,019 1,059
178,749   199,989 -21,240
25,000   27,934 -2,934
18,001   11,480 6,521
2,000   2,000  
5,411   5,411  
4,465   2,480 1,985
6,616   4,234 2,382
4,852   2,193 2,659
50,000   49,968 32
5,576   4,006 1,570
1,409   4,391 -2,982
252   171 81
1,990   2,807 -817
1,699   567 1,132
747   589 158
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       -1,259
b       -201
c       -312
d       -1,145
e       141
      -54,187
       
       
      4,668
      2,104
      623
      2,973
      225
      -335
      -156
      328
      -313
      -69
      323
      -3,258
      -258
      -21
      -649
      1
       
       
       
      11,268
      1,089
      2,480
      418
      904
      83
      -178
      493
      -1,279
      1,402
      -158
      -109
      631
      95
      -55
       
       
       
       
      3,697
      3,902
      1,435
      290
      151
      748
      -114
      670
      -2,095
      1,375
      -201
      8,065
      1,319
      538
      -321
      -111
       
       
      40
      7,376
      1,854
      1,727
      197
       
      -935
      -489
      1,139
      162
      433
      -42
      1,411
      1,129
      57
      -3,887
      -1,074
      8
       
      -393
      4,498
      555
      1,316
      355
       
      -51
      -303
      179
      63
      1,041
      298
      318
      1,369
      1,579
      -267
      -417
      1,432
      275
      -11
      942
      -691
      770
      -842
       
      -45
      -28
      446
      591
      955
      709
      5,150
      11,041
      995
      -1,012
      691
      447
      64
      -189
      128
      -191
      7,525
      -1,625
       
      13
      429
      69
      23
      795
      88
      350
      2,245
      1,407
      -1,466
      -246
      6
      -11
      -218
      1,009
      1,495
      3,026
      -25
      4
      130
      553
      1,369
      181
      77
      1,152
      17
      3,708
      2,723
      -3
      -345
      758
      -75
      54
      998
      459
      1,108
      -26,809
      -5,351
      -23
      86
      393
      97
      351
      2,233
      1,602
      887
      14
       
      -109
      4,050
      -96
      -4,413
      1,792
      2,970
      3,010
      119
      -1,367
      -20
      520
      137
      72
      414
      -225
      1,622
      561
      1,119
      -2
      -1,161
      50,430
      -60
      75
      4,150
      2,485
      3,847
      -1,679
      2,199
      28
      455
      92
      72
      488
      -82
      1,757
      13,077
      -142
      141
      -11
      8
       
      105
      2,822
      -3,536
      1,247
      223
      1,674
      1,449
      672
      309
      1,963
      2,616
      1,483
      1,005
      -1,271
      901
      14
      -204
      5,885
      -3,458
      -1,702
      3,558
      1,832
      14,816
      -1,791
      428
      585
      266
      616
      2,466
      102
      309
      1,665
      -1,304
      1,098
      139
      -1
      1,514
       
      -1,064
      1,885
      1,427
      1,223
       
      402
      -967
      -82
      -118
      1,416
      168
      -517
      -911
      1,059
      -21,240
      -2,934
      6,521
       
       
      1,985
      2,382
      2,659
      32
      1,570
      -2,982
      81
      -817
      1,132
      158
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 2 362,757
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 -13,679
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 23,207
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 23,207
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 23,207
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 46,895
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,895
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 23,688
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow23,688 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 arrowNM
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 arrowWWW.CHASEFOUNDATION.COM
14
The books are in care ofright arrowJOHNATHAN L SHUMAN Telephone no.right arrow (575) 748-1213

Located atright arrow512 W TEXAS AVEARTESIANM ZIP+4right arrow88210
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
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
 
 
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
MACK C CHASE TRUSTEE/ADVI
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
RICHARD PRICE EXECUTIVE DI
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
GEREN FERGUSON ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESAI,NM88210
ROBERT CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESIA,NM88210
DEB CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESIA,NM88210
RICHARD CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESIA,NM88210
KARLA CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESIA,NM88210
JOHNNY KNORR ADVISOR
000.00 		0 0 0
2103 W MAIN STREET
ARTESIA,NM88210
CHANCE CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
KORTNEY CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
BRAD BARTEK ADVISOR
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
DEREK CHASE ADVISOR
000.00 		0 0 0
2103 W MAIN ST
ARTESIA,NM88210
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 N/A  
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
34,356,642
b
Average of monthly cash balances.......................
1b
1,783,639
c
Fair market value of all other assets (see instructions)................
1c
1,147,662
d
Total (add lines 1a, b, and c).........................
1d
37,287,943
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
 
3
Subtract line 2 from line 1d.........................
3
37,287,943
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
559,319
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
36,728,624
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,836,431
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
1,836,431
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
23,207
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
23,207
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,813,224
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,813,224
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
1,813,224
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
2,117,391
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
2,117,391
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 1,813,224
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...... 1,015,040
b From 2018...... 969,572
c From 2019...... 1,148,958
d From 2020...... 583,728
e From 2021...... 241,130
f Total of lines 3a through e ........ 3,958,428
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 2,117,391
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)........ 		 
d Applied to 2022 distributable amount..... 1,813,224
e Remaining amount distributed out of corpus 304,167
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 4,262,595
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) ... 		1,015,040
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		3,247,555
10 Analysis of line 9:
a Excess from 2018.... 969,572
b Excess from 2019.... 1,148,958
c Excess from 2020.... 583,728
d Excess from 2021.... 241,130
e Excess from 2022.... 304,167
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).)
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 e-mail address of the person to whom applications should be addressed:
CHASE FOUNDATION
2103 W MAIN STREET
ARTESIA,NM88210
(575) 746-4610
INFO@CHASEFOUNDATION.COM
bThe form in which applications should be submitted and information and materials they should include:
SEE APPLICATION FORMS AT WWW.CHASEFOUNDATION.COM
cAny submission deadlines:
THE 2022 APPLICATION DEADLINE IS APRIL 25, 2022 FOR FALL 2022 SCHOLARSHIPS.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRADUATING SENIOR FROM ARTESIA NM HIGH SCHOOL OR A PRIOR AWARD RECIPIENT.
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

ABILENE CHRISTIAN UNIVERSITY

1600 CAMPUS CT
ABILENE,TX79601 		  NO SCHOLARSHIP 2,750

AMARILLO COLLEGE

2201 S WASHINGTON ST
AMARILLO,TX79109 		  NO SCHOLARSHIP 2,750

ANGELO STATE UNIVERSITY

2601 W AVE N
SAN ANGELO,TX76909 		  NO SCHOLARSHIP 8,250

ARIZONA STATE UNIVERSITY

1711 S RURAL ROAD
TEMPE,AZ85281 		  NO SCHOLARSHIP 19,250

ARTESIA ARTS COUNCIL

310 W MAIN ST
ARTESIA,NM88210 		  NO GRANT 10,000

ARTESIA CHAMBER OF COMMERCE

107 N 1ST ST
ARTESIA,NM88210 		  N GRANT 20,464

ARTESIA CLASSICAL ACADEMY

2512 W BUSH AVE
ARTESIA,NM88210 		  NO GRANT 50,000

ARTESIA LITERACY COUNCIL

1507 W HERMOSA DR
ARTESIA,NM88210 		  NO GRANT 5,000

ARTESIA POLIC DEPARTMENT

702 W CHISUM
ARTESIA,NM88210 		  NO GRANT 20,000

ARTESIA PUBLIC SCHOOLS

301 BULLDOG BLVD
ARTESIA,NM88210 		  NO GRANT 72,000

BEAUTY KULTURE ACADEMY

1229 E PLEASANT RUN ROAD
SUITE 212
DESOTO,TX75115 		  NO SCHOLARSHIP 2,750

BRIGHAM YOUNG UNIVERSITY

A-209 ASB
PROVO,UT84602 		  NO SCHOLARSHIP 2,750

CENTRAL NEW MEXICO COMMUNITY
COLLEGE
525 BUENA VISTA DR SE
ALBUQUERQUE,NM87106 		  NO SCHOLARSHIP 11,000

CITY OF ARTESIA

511 W TEXAS AVE
ARTESIA,NM88210 		  NO GRANT 10,000

CLARENDON COLLEGE

1122 COLLEGE DR
CLARENDON,TX79226 		  NO SCHOLARSHIP 2,750

COVENANT SCHOOL OF NURSING

1919 FRANKFORD AVE
LUBBOCK,TX79407 		  NO SCHOLARSHIP 2,750

CREIGHTON UNIVERSITY

2500 CALIFORNIA PLAZA
OMAHA,NE68178 		  NO SCHOLARSHIP 8,250

D1 NEW MEXICO

2515 VILLA DORO WAY NW
ALBUQUERQUE,NM87104 		  NO GRANT 5,000

DAKOTA TREE PROJECT

933 SAN MATEO BLVD NE STE
ALBUQUERQUE,NM87109 		  NO GRANT 5,000

DALLAS BAPTIST UNIVERSITY

3000 MOUNTAIN CREEK PKWY
DALLAS,TX75211 		  NO SCHOLARSHIP 5,500

DONA ANA COMMUNITY COLLEGE

3400 S ESPINA ST
LAS CRUCES,NM88003 		  NO SCHOLARSHIP 32,250

EASTERN MICHIGAN UNIVERSITY

900 OAKWOOD ST
YPSILANTI,MI48197 		  NO SCHOLARSHIP 5,500

EASTERN NEW MEXICO UNIVERSITY

1500 S AVENUE K
PORTALES,NM88130 		  NO SCHOLARSHIP 81,250

ENMU-ROSWELL

52 UNIVERSITY BLVD
ROSWELL,NM88203 		  NO SCHOLARSHIP 1,250

FAITH BAPTIST CHURCH

401 S 20TH ST
ARTESIA,NM88210 		  NO GRANT 30,000

FIRST CHURCH OF THE NAZARENE

501 N SYCAMORE AVE
ROSWELL,NM88202 		  NO GRANT 2,500

FULL SAIL UNIVERSITY

3300 UNIVERSITY BLVD
WINTER PARK,FL32792 		  NO SCHOLARSHIP 2,750

GREATER ARTESIA FOUNDATION

PO BOX 1344
ARTESIA,NM88211 		  YES SENIOR SALUTE/RIDE FOR BIKES 5,000

HARDIN-SIMMONS UNIVERSITY

2200 HICKORY ST
ABILENE,TX79601 		  PC SCHOLARSHIP 5,500

HARVEST FELLOWSHIP

2307 W MAIN ST
ARTESIA,NM88210 		  NO GRANT 2,500

HOLLYFRONTIER

1602 W MAIN
ARTESIA,NM88210 		  NO GRANT 1,200

LAMAR UNIVERSITY

4400 S M L KING JR PKWY
BEAUMONT,TX77705 		  NO SCHOLARSHIP 2,750

LUBBOCK CHRISTIAN UNIVERSITY

5601 19TH ST
LUBBOCK,TX79407 		  NO SCHOLARSHIP 5,500

MIDWESTERN STATE UNIVERSITY

3410 TAFT BLVD
WICHITA FALLS,TX76308 		  NO SCHOLARSHIP 2,750

MY ASHLEAH INC

2411 W CENTRE AVE
ARTESIA,NM88210 		  NO GRANT 5,000

NAVARRO COLLEGE

3200 W 7TH AVE
CORSICANA,TX75110 		  NO SCHOLARSHIP 5,500

NEW MEXICO INSTITUTE OF MINING &
TECHNOLOGY
801 LEROY PL
SOCORRO,NM87801 		  NO SCHOLARSHIP 16,500

NEW MEXICO MILITARY INST

101 W COLLEGE BLVD
ROSWELL,NM88201 		  NO SCHOLARSHIP 3,000

NEW MEXICO STATE UNIVERSITY
CARLSBAD
1500 UNIVERSITY DR
CARLSBAD,NM88220 		  NO SCHOLARSHIP 12,250

NEW MEXICO STATE UNIVERSITY

1780 E UNIVERSITY AVE
LAS CRUCES,NM88003 		  NO SCHOLARSHIP 313,750

NORTHERN ARIZONA UNIVERSITY

S SAN FRANCISCO ST
FLAGSTAFF,AZ86011 		  NO SCHOLARSHIP 11,000

NORTHWESTERN OKLAHOMA STATE UNIVERS

709 OKLAHOMA BLVD
ALVA,OK73717 		  NO SCHOLARSHIP 2,750

NOTRE DAME UNIVERSITY

400 W JEFFERSON BLVD
SOUTH BEND,IN46601 		  NO SCHOLARSHIP 2,750

OKLAHOMA CHRISTIAN UNIVERSITY

2501 E MEMORIAL RD
EDMOND,OK73013 		  NO SCHOLARSHIP 2,750

OKLAHOMA STATE UNIVERSITY

OKLAHOMA STATE UNIVERSITY
STILLWATER,OK74074 		  NO SCHOLARSHIP 16,500

OLYMPIAN ACADEMY OF COSMETOLOGY

4501 N MAIN ST 13
ROSWELL,NM88201 		  NO SCHOLARSHIP 2,750

MIDLAND COLLEGE

3600 N GARFIELD ST
MIDLAND,TX79705 		  NO SCHOLARSHIP 2,750

OTTAWA UNIVERSITY

1001 S CEDAR ST
OTTAWA,KS66067 		  NO SCHOLARSHIP 2,750

ROSWELL LEADERSHIP ALUMNI

PO BOX 2959
ROSWELL,NM88202 		  NO GRANT 2,500

SHERIDAN COLLEGE

1 WHITNEY WAY
SHERIDAN,WY82801 		  NO SCHOLARSHIP 2,750

SHERIDAN ROTARY CLUB

PO BOX 997
SHERIDAN,WY82801 		  NO GRANT 10,000

SOUTH PLAINS COLLEGE

1401 COLLEGE AVE
LEVELLAND,TX79336 		  NO SCHOLARSHIP 13,750

SOUTHEAST NEW MEXICO UNIVERSITY

1500 UNIVERSITY DR
CARLSBAD,NM88220 		  NO SCHOLARSHIP 7,000

SOUTHEASTERN UNIVERSITY - OAKS
COLLEGE
777 1-35 E
RED OAK,TX75154 		  NO SCHOLARSHIP 5,500

SOUTHWESTERN ASSEMBLIES OF GOD UNIV

1200 SYCAMORE ST
WAXAHACHIE,TX75165 		  NO SCHOLARSHIP 5,500

ST MARY'S UNIVERSITY

1 CAMINO SANTA MARIA
SAN ANTONIO,TX78228 		  NO SCHOLARSHIP 2,750

TARLETON STATE UNIVERSITY

1333 W WASHINGTON ST
STEPHENVILLE,TX76401 		  NO SCHOLARSHIP 2,750

TEXAS A&M

1372 TAMU
COLLEGE STATION,TX778431372 		  NO SCHOLARSHIP 5,500

TEXAS A&M HEALTH & SCIENCE CENTER

8447 RIVERSIDE PKWY
BRYAN,TX77807 		  NO SCHOLARSHIP 2,750

TEXAS COLLEGE OF COSMETOLOGY -
LUBBOCK
3602 SLIDE RD B 18
LUBBOCK,TX79414 		  NO SCHOLARSHIP 2,750

TEXAS TECH HEALTH SCIENCES

3601 4TH ST
LUBBOCK,TX79430 		  NO SCHOLARSHIP 5,500

TEXAS TECH UNIVERSITY

2500 BROADWAY
LUBBOCK,TX79409 		  NO SCHOLARSHIP 201,000

THE UNIVERSITY OF ALABAMA

BOX 870100
TUSCALOOSA,AL354870100 		  NO SCHOLARSHIP 2,750

TRINIDAD STATE COLLEGE

600 PROSPECT ST
TRINIDAD,CO81082 		  NO SCHOLARSHIP 2,750

UNIVERSAL TECHNICAL INSTITUTE

10695 WEST PIERCE ST
AVONDALE,AZ85323 		  NO SCHOLARSHIP 2,750

UNIVERSITY OF ILLINOIS URBANA CHAMP

901 WEST ILLINOIS ST
URBANA,IL61801 		  NO SCHOLARSHIP 2,750

UNIVERSITY OF NEBRASKA

1400 R ST
LINCOLN,NE68588 		  NO SCHOLARSHIP 2,750

UNIVERSITY OF NEVADA
LAS VEGAS
4505 S MARYLAND PKWY
LAS VEGAS,NV89154 		  NO SCHOLARSHIP 2,750

UNIVERSITY OF NEW MEXICO

1155 UNIVERSITY BLVD
ALBUQUERQUE,NM87131 		  NO SCHOLARSHIP 40,750

UNIVERSITY OF OKLAHOMA

660 PARRINGTON OVAL
NORMAN,OK73019 		  NO SCHOLARSHIP 5,500

UNIVERSITY OF TEXAS SAN ANTONIO

1 UTSA CIRCLE
SAN ANTONIO,TX78249 		  NO SCHOLARSHIP 8,250

UNIVERSITY OF THE SOUTHWEST

6610 N LOVINGTON HWY
HOBBS,NM88240 		  NO SCHOLARSHIP 2,750

WAYLAND BAPTIST UNIVERSITY

1900 W 7TH ST
PLAINVIEW,TX79072 		  NO SCHOLARSHIP 2,750

WEST TEXAS A&M UNIVERSITY

2501 4TH AVE
CANYON,TX79016 		  NO SCHOLARSHIP 30,250

WESTERN NEW MEXICO

1000 W COLLEGE AVE
ARTESIA,NM88062 		  NO SCHOLARSHIP 5,500
Total .................................right arrow 3a 1,229,164
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 ........... 		    14 157,829  
4 Dividends and interest from securities ....     14 431,417  
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 .....     14 14,139  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 362,757  
9 Net income or (loss) from special events:     25 -50,998  
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRENT 		    16 5,100  
bPASSTHROUGH INV INC(LOSS)     14 795,427  
cOTHER INVEST INCOME BROK/K-     14 68,839  
dMISC     14 119  
eENCAP FLATROCK 900099 202,919      
fBP NATURAL GAS PTNRS 900099 152,773      
gNGP 900099 29,307      
hENCAP ENERGY IX 900099 254,683      
iENCAP ENERGY X 900099 -74,612      
jPENNYBACKER III 900099 -10,603      
kPENNYBACKER IV 900099 185,222      
lSI SILICON BEACH 900099        
mBP OFFSHORE 900099        
nPENNYBACKER V 900099 -22,265      
oBP NATURAL GAS PATNRS II 900099 -41,808      
12 Subtotal. Add columns (b), (d), and (e) .. 675,616 1,784,629  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,460,245
(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
CHASE FOUNDATION
MACK C CHASE TRUSTEE
Employer identification number

36-7466258
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
CHASE FOUNDATION
MACK C CHASE TRUSTEE 		Employer identification number
36-7466258
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
NEW MEXICO MUTUAL
 
5201 BALLOON FIESTA PKWY NE
 
ALBUQUERQUE, NM87113

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
FROST BANK
 
800 W WADLEY AVE
 
MIDLAND, TX79705

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
BANK OF AMERICA
 
100 NORTH TRYON STREET
 
CHARLOTTE, NC28255

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
MCANALLY WILKINS INC
 
11200 W COUNTY RD 127
 
ODESSA, TX79765

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
BP ENERGY PARTNERS LP
 
2911 TURTLE CREEK BLVD SUITE 400
 
DALLAS, TX75219

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
AUXILIARY ENERGY
 
PO BOX 1258
 
LOVINGTON, NM88260

$ 5,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Name of organization
CHASE FOUNDATION
MACK C CHASE TRUSTEE 		Employer identification number
36-7466258
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
4
MISC DONATIONS UNDER 5K FUNDRAISE
VARIOUS
 
VARIOUS, NM88210

$ 38,150


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
JIM CHASE
9125 REDMONT NE
 
ALBUQUERQUE, NM87109

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
GOLDMAN SACS
 
200 WEST STREET 29TH FLOOR
 
NEW YORK, NY10282

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
PECOS OIL & GAS LLC
 
1455 WEST LOOP S STE 230
 
HOUSTON, TX77027

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
BCM & ASSOCIATES INC
 
2638 S FULTON AVE
 
ODESSA, TX79766

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
RICHARD CHASE
PO BOX 539
 
ARTESIA, NM88210

$ 25,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
CHASE FOUNDATION
MACK C CHASE TRUSTEE 		Employer identification number

36-7466258
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
CHASE FOUNDATION
MACK C CHASE TRUSTEE 		Employer identification number

36-7466258
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


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 23,137     23,137

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

TY 2022 DepreciationSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
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
OFFICE FURNITURE 2007-05-24 1,267 1,267 S/L 10.0000        
OFFICE FURNITURE 2007-06-04 1,082 1,082 S/L 10.0000        
OFFICE FURNITURE 2007-09-10 446 446 S/L 10.0000        
OFFICE FURNITURE 2007-09-20 3,780 3,780 S/L 10.0000        
OFFICE FURNITURE 2007-11-08 714 714 S/L 10.0000        
OFFICE FURNITURE 2007-11-19 143 143 S/L 10.0000        
OFFICE FURNITURE 2006-12-15 4,734 4,734 S/L 10.0000        
COMPUTER EQUIPMENT 2007-07-10 71 71 S/L 5.0000        
PRINTER 2006-12-15 1,140 1,140 S/L 5.0000        
TELEPHONE EQUIPMENT 2006-12-15 10,571 10,571 S/L 5.0000        
OFFICE FURNITURE 2008-01-10 529 529 S/L 10.0000        
OFFICE FURNITURE 2008-02-06 1,696 1,696 S/L 10.0000        
OFFICE FURNITURE - CARPET 2008-08-04 406 406 S/L 10.0000        
COMPUTER EQUIPMENT 2008-10-14 86 86 S/L 5.0000        
OFFICE EQUIPMENT 2008-11-12 331 331 S/L 7.0000        
OFFICE FURNITURE 2008-11-12 146 146 S/L 10.0000        
COMPUTER EQUIPMENT 2008-12-02 64 64 S/L 5.0000        
COMPUTER EQUIPMENT 2008-12-11 64 64 S/L 5.0000        
OFFICE FURNITURE 2010-02-28 15,422 15,422 S/L 5.0000        
OFFICE FURNITURE 2011-05-18 2,547 2,547 S/L 5.0000        
COMPUTER EQUIPMENT 2011-09-01 2,161 2,161 S/L 5.0000        
COMPUTER EQUIPMENT 2012-05-14 4,388 4,388 S/L 5.0000        
OFFICE FURNITURE 2012-05-18 1,490 1,490 S/L 5.0000        
COMPUTER EQUIPMENT 2012-06-25 3,324 3,324 S/L 5.0000        
OFFICE FURNITURE 2012-07-10 1,525 1,525 S/L 5.0000        
OFFICE FURNITURE 2012-12-11 401 401 S/L 3.0000        
LAND - MAIN STREET 2014-05-14 55,000              
BUILDING - MAIN (W/IMPRV) 2014-05-14 878,905 171,858 S/L 39.0000 22,536      
OFFICE FURN (MAIN ST) 2014-06-01 61,978 47,000 S/L 10.0000 6,197      
OFFICE EQUIP 2015-06-01 6,394 6,394 S/L 5.0000        
COMPUTER EQUIPMENT 2017-11-08 11,272 10,193 200DB 5.0000 1,079      
COMPUTER 2018-11-14 1,845 1,845 200DB 5.0000        
HVAC UNIT 2020-07-17 6,258 6,258 S/L 15.0000        
'21 GMC SIERRA VIN 4735 2021-01-08 67,482 18,200 200DB 5.0000 16,400      

TY 2022 InvestmentsCorpBondsSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Name of Bond End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH - 7EG-04044 NEUBERGER 1,109,052 1,024,395
MERRILL LYNCH - LOOMIS SAYLES 2,043,914 1,674,288
GOLDMAN SACHS - CORP FIXED INC 3,874,373 3,660,130

TY 2022 InvestmentsCorpStockSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Name of Stock End of Year Book Value End of Year Fair Market Value
MERRILL LYNCH - 7EG-02041 CXO OPTION 55,840 915,147
MERRILL LYNCH - 7EG-02042 PIA MNGED 4,928,208 6,715,047
MERRILL LYNCH - 7EG-02019 DIV PORT 2,630,297 3,536,680
GOLDMAN SACHS - BROKERAGE 542,022 542,146
GOLDMAN SACHS - ADVISORY BROK II 4,079,695 5,132,901
GOLDMAN SACHS - GANNETT WELSH 524,597 672,986
GOLDMAN SACHS - EAGLE DYNAMIC 1,331,266 1,599,111

TY 2022 InvestmentsOtherSchedule2
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BP NATURAL GAS AT COST    
BP NATURAL GAS II AT COST 732,100 732,100
BP OFFSHORE HOLDING II AT COST 214,179 214,179
BP OFFSHORE HOLDINGS AT COST 189,537 189,537
ENCAP ENERGY CAPITAL FUND VIII AT COST 5,181,194 5,181,194
ENCAP ENERGY IX AT COST 1,046,345 1,046,345
ENCAP ENERGY X AT COST 330,322 330,322
ENCAP FLATROCK AT COST 154,344 154,344
MERRILL LYNCH - 7EG-02040 ALTERNATIV AT COST    
NGP NATURAL RESOURCES AT COST 88,959 88,959
PENNY BACKER III AT COST 30,084 30,084
PENNYBACKER IV AT COST 130,666 130,666
PENNYBACKER V AT COST 639,906 639,906
QID NGL AT COST    
QSI HOLDINGS, L.P. AT COST    
ROUNDING ADJ AT COST    
SI 4343 INVESTOR LP AT COST    
SI CELINA STORAGE LP AT COST    
SI SILICON BEACH HOTEL AT COST    
TORTUGA HOLDINGS LLC AT COST 114,150 114,150
WALKING WITH HERB AT COST 1,660 1,660

TY 2022 LandEtcSchedule2
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
BUILDINGS/FURN&FIX/AUTO 1,092,662 366,489 726,173 1,092,662
LAND 55,000   55,000 55,000


TY 2022 OtherExpensesSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GOLF FUNDRAISER        
TOURNAMENT EXPENSE 50,998     50,998
EXPENSES        
ADVERTISING 20,374     20,374
AUTO EXPENSE 5,298     5,298
BANK FEE        
COMMUNITY SERVICE PROGRAM        
DONATIONS 739     739
DUES/SUBSCRIPTION 4,478     4,478
EMPLOYEE BENEFITS        
EQUIPMENT LEASE 2,807     2,807
EVENT SPONSOR 29,440     29,440
GRADUATION INCENTIVE 11,000     11,000
INSURANCE 9,663     9,663
INVESTMENT/ADVISORY FEES 164,331 164,331    
MARKETING        
MISC.        
NEW SCHOLAR ORIENTATION 22,499     22,499
OFFICE EXPENSE 1,795     1,795
POSTAGE 5,348     5,348
RECEPTIONS        
REPAIRS & MAINTENANCE 56,513     56,513
SCHOLARSHIP MENTORING PROGRAM 8,963     8,963
SPONSORSHIP 2,700     2,700
STORAGE RENTAL 1,619     1,619
SUPPLY 2,044     2,044
WEB SITE EXPENSE 5,849     5,849
OVER/SHORT ROUNDING -6     -6


TY 2022 OtherIncomeSchedule2
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER BROKERAGE DIV/INT BOOKS 14,139 14,139 14,139
RENT 5,100 5,100 5,100
PASSTHROUGH INV INC(LOSS) 795,427 795,427 795,427
OTHER INVEST INCOME BROK/K-1 68,839 68,839 68,839
MISC 119 119 119
ENCAP FLATROCK 202,919   202,919
BP NATURAL GAS PTNRS 152,773   152,773
NGP 29,307   29,307
ENCAP ENERGY IX 254,683   254,683
ENCAP ENERGY X -74,612   -74,612
PENNYBACKER III -10,603   -10,603
PENNYBACKER IV 185,222   185,222
PENNYBACKER V -22,265   -22,265
BP NATURAL GAS PATNRS II -41,808   -41,808


TY 2022 OtherLiabilitiesSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Description Beginning of Year - Book Value End of Year - Book Value
N/P GM FINANCIAL 49,736 36,144


TY 2022 TaxesSchedule
Name:
CHASE FOUNDATION
 
MACK C CHASE TRUSTEE
EIN:
36-7466258
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX        
PROPERTY TAX 5,768     5,768
SECTION 4940 15,828     15,828