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
DAN L DUNCAN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 4735
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX77210
A Employer identification number

20-0265572
B Telephone number (see instructions)

(713) 381-5200
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$764,087,831J 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 454,144 454,144  
4 Dividends and interest from securities... 14,873,142 14,873,142  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 19,852,922
b Gross sales price for all assets on line 6a 155,496,632
7 Capital gain net income (from Part IV, line 2)... 19,852,921
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
5,349,247 5,349,221  
12 Total. Add lines 1 through 11........ 40,529,455 40,529,428  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,918 0   8,918
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,119 10,060   10,059
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
414,940 414,940   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,223,613 130,159   0
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 attachment
List of Attached Documents:
// Content
19,077 9,627   9,450
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,686,667 564,786   28,427
25 Contributions, gifts, grants paid....... 42,916,516 42,916,516
26 Total expenses and disbursements. Add lines 24 and 25 44,603,183 564,786   42,944,943
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,073,728
b Net investment income (if negative, enter -0-) 39,964,642
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............. 10,007 735,024 735,024
2 Savings and temporary cash investments......... 1,650,205 1,709,884 1,709,884
3 Accounts receivable right arrow540,793
Less: allowance for doubtful accounts right arrow     540,793 540,793
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) 74,726,031 Click to see attachment
List of Attached Documents:
// Content
52,146,465 		39,576,705
b Investments—corporate stock (attach schedule)....... 229,771,286 Click to see attachment
List of Attached Documents:
// Content
192,383,729 		175,361,366
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).......... 425,971,380 Click to see attachment
List of Attached Documents:
// Content
461,706,054 		546,164,059
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 732,128,909 709,221,949 764,087,831
Liabilities 17 Accounts payable and accrued expenses.......... 899,816  
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 17,933,416  
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 18,833,232 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 713,295,677 709,221,949
29 Total net assets or fund balances (see instructions)..... 713,295,677 709,221,949
30 Total liabilities and net assets/fund balances (see instructions). 732,128,909 709,221,949
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
713,295,677
2
Enter amount from Part I, line 27a .....................
2
-4,073,728
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
709,221,949
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
709,221,949
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 PASSTHROUGH ST GAIN/LOSS P    
b PASSTHROUGH ST GAIN/LOSS - UBTI P    
c PASSTHROUGH LT GAIN/LOSS P    
d PASSTHROUGH LT GAIN/LOSS - UBTI P    
e BROKERAGE ACCOUNTS - ST P    
BROKERAGE ACCOUNTS - LT P    
BROKERAGE ACCOUNTS - CAPITAL GAIN DISTRIBUTION P    
MILLENNIUM INTERNATIONAL LTD P    
SELWOOD AM CREDIT FUND LIMITED P    
SLP V CAYMAN DEBT INVESTMENT FEEDER LP P    
SLP V CAYMAN FORT FEEDER LP P    
SANDERS OPPORTUNITY FUND (INST) LP P    
PASSTHROUGH ST 1256 P    
PASSTHROUGH LT 1256 P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     873,124 -873,124
b 4   4 0
c 17,870,637     17,870,637
d       0
e 46,038,693   48,554,893 -2,516,200
88,750,289   85,249,925 3,500,364
2,070,455     2,070,455
701,733     701,733
    898,614 -898,614
17,965     17,965
15,612     15,612
31,244     31,244
    26,860 -26,860
    40,291 -40,291
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       -873,124
b       0
c       17,870,637
d       0
e       -2,516,200
      3,500,364
      2,070,455
      701,733
      -898,614
      17,965
      15,612
      31,244
      -26,860
      -40,291
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 19,852,921
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) 1 555,509
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 555,509
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 555,509
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 559,695
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 759,695
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1,801
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 10 202,385
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow202,385 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowLAURA LIANG Telephone no.right arrow (713) 381-5200

Located atright arrowDUNCAN FAMILY OFFICE1100 LOUISIANASTHOUSTONTX ZIP+4right arrow77002
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)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
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
 
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
RANDA DUNCAN WILLIAMS CHAIR/PRES/DIR
1.00 		0 0 0
PO BOX 4735
HOUSTON,TX77210
RICHARD H BACHMANN VICE PRES/DIR
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
DANNINE GALE DUNCAN VICE PRES/DIR
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
MILANE DUNCAN FRANTZ VICE PRES/DIR
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
SCOTT D DUNCAN VICE PRES/DIR
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
W RANDALL FOWLER EVP/CFO
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
GREGG HAMMER EVP/CIO
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
LAURA LIANG SVP/CGO/ASST SEC
1.00 		0 0 0
PO BOX 4735
HOUSTON,TX77210
HARRY P WEITZEL EVP/SEC/GEN COUN
0.50 		0 0 0
PO BOX 4735
HOUSTON,TX77210
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 0
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
POLEN GROWTH INVESTMENT MANAGEMENT 307,746
1825 NW CORPORATE BLVD 300
BOCA RATON,FL33431
BERNZOTT CAPITAL ADVISORS INVESTMENT MANAGEMENT 98,756
2802 FLINTROCK TRACE SUITE B111
AUSTIN,TX78738
Total number of others receiving over $50,000 for professional services.............right arrow0
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 arrow0
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
386,972,704
b
Average of monthly cash balances.......................
1b
19,810,805
c
Fair market value of all other assets (see instructions)................
1c
428,141,233
d
Total (add lines 1a, b, and c).........................
1d
834,924,742
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
834,924,742
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
12,523,871
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
822,400,871
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
41,120,044
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
41,120,044
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
555,509
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
555,509
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
40,564,535
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
40,564,535
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
40,564,535
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
42,944,943
b
Program-related investments—total from Part VIII-B..................
1b
0
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
42,944,943
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 40,564,535
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 42,916,516
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 42,944,943
a Applied to 2021, but not more than line 2a 42,916,516
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 28,427
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		40,536,108
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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 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

ARROW CHILD AND FAMILY MINISTRIES

2929 FM 2920 ROAD
SPRING,TX77388 		N/A PC SOCIAL SERVICES 5,000

BAYLOR COLLEGE OF MEDICINE

ONE BAYLOR PLAZA MSBCM 160
HOUSTON,TX77030 		N/A SO I MEDICAL PROGRAMS 600,000

BOYS AND GIRLS CLUBS OF GREATER HOUSTON INC

815 CROSBY ST
HOUSTON,TX770193054 		N/A PC SOCIAL SERVICES 5,000

BRENDA AND JOHN H DUNCAN RISE SCHOOL OF HOUSTON

5618 H MARK CROSSWELL JR ST
HOUSTON,TX770211079 		N/A PC EDUCATIONAL SERVICES 25,000

CAMP ARANZAZU FOUNDATION

8945 LONG POINT RD STE 200
HOUSTON,TX770553036 		N/A PC SOCIAL SERVICES 1,338,333

CHAMBERS COUNTY CHILDREN'S MUSEUM

PO BOX 2309 10955 EAGLE DRIVE
MONT BELVIEU,TX77523 		N/A PC EDUCATIONAL SERVICES 600,131

CHRISTIAN COMMUNITY SERVICE CENTER

P O BOX 27924
HOUSTON,TX772277924 		N/A PC SOCIAL SERVICES 10,000

CITIZENS FOR ANIMALS OF MIDLAND ODESSA INC

PO BOX 921
PINEHURST,TX773620921 		N/A SO I ANIMAL PROTECTION AND WELFARE 5,000

FRIENDS FOR LIFE

107 EAST 22ND STREET
HOUSTON,TX77008 		N/A PC ANIMAL PROTECTION AND WELFARE 5,000

GALVESTON URBAN MINISTRIES

3727 BALL STREET
GALVESTON,TX77550 		N/A PC SOCIAL SERVICES 250,000

GRACEWOOD

1617 ELMVIEW DRIVE
HOUSTON,TX77080 		N/A PC SOCIAL SERVICES 50,000

GREATER HOUSTON COMMUNITY FOUNDATION

5120 WOODWAY DRIVE SUITE 6000
HOUSTON,TX77056 		N/A PC EDUCATION AND SUPPORT OF THE HOUSTON COMMUNITY 21,458,258

HELPING PAWS IN CHAMBERS COUNTY

PO BOX E
ANAHUAC,TX77514 		N/A PC ANIMAL RESCUE 5,000

HEROES FOR CHILDREN

6010 W SPRING CREEK PKWY
PLANO,TX75024 		N/A PC SOCIAL SERVICES 5,000

HOUSTON ARBORETUM & NATURE CENTER

4501 WOODWAY DR
HOUSTON,TX77024 		N/A PC ENVIRONMENTAL SERVICES 1,100,000

HOUSTON AREA WOMEN'S CENTER

1010 WAUGH DRIVE
HOUSTON,TX77019 		N/A PC SOCIAL SERVICES 200,000

HOUSTON FOOD BANK

535 PORTWALL ST
HOUSTON,TX77029 		N/A PC SOCIAL SERVICES 400,000

HOUSTON MUSEUM OF NATURAL SCIENCE

5555 HERMANN PARK DR
HOUSTON,TX77030 		N/A PC EDUCATION AND HISTORICAL PRESERVATION 2,262,500

HOUSTON SPCA

7007 OLD KATY ROAD
HOUSTON,TX77024 		N/A PC ANIMAL PROTECTION AND WELFARE 44,000

HOUSTON WELCOMES REFUGEES

946 W 17TH ST
HOUSTON,TX770083434 		N/A PC SOCIAL SERVICES 5,000

HOUSTON ZOO INC

1513 CAMBRIDGE STREET
HOUSTON,TX77030 		N/A PC ANIMAL AND WILDLIFE HABITAT CONSERVATION 1,400,901

JACINTO CITY DOG POUND RESCUE

21320 PLAZA CIR
CROSBY,TX775326835 		N/A PC ANIMAL PROTECTION AND WELFARE 5,000

JAMES DRIVER PARK

10918 BENTLEY STREET
HOUSTON,TX77093 		N/A PC SOCIAL SERVICES 250,000

K-9 ANGELS RESCUE

9415 WINSOME LN
HOUSTON,TX77063 		N/A PC ANIMAL PROTECTION AND WELFARE 10,000

MD ANDERSON CANCER CENTER LABORATORY OF KERI SCHADLER PHD

1515 HOLCOMBE BLVD
HOUSTON,TX77030 		N/A SO I MEDICAL PROGRAMS 5,000

MEMORIAL HERMANN FOUNDATION

929 GESSNER SUITE 2650
HOUSTON,TX77024 		N/A SO I MEDICAL PROGRAMS 1,100,000

MUSTARD SEED - A COMMUNITY CAFE

201 E SUNSET RD
EL PASO,TX799221019 		N/A PC SOCIAL SERVICES 5,000

NATIONAL BLACK MBA ASSOCIATION HOUSTON CHAPTER INC

PO BOX 56509
HOUSTON,TX772566509 		N/A PC EDUCATIONAL SERVICES 5,000

PARTNERSHIP FOR THE ADVANCEMENT & IMMERSION OF REFUGEES

3300 CHIMNEY ROCK RD STE 105
HOUSTON,TX770566617 		N/A PC SOCIAL SERVICES 5,000

PEARLAND ROBOTICS BOOSTER CLUB

PO BOX 841507
PEARLAND,TX77584 		N/A PC EDUCATIONAL SERVICES 5,000

PEREGRINE FUND

5668 W FLYING HAWK LANE
BOISE,ID83709 		N/A PC ANIMAL AND WILDLIFE HABITAT CONSERVATION 100,000

PRO-VISION INC

4590 WILMINGTON STREET
HOUSTON,TX77051 		N/A PC EDUCATIONAL SERVICES 300,000

RIVER OAKS CHAMBER ORCHESTRA

1934 W GRAY SUITE 311
HOUSTON,TX77019 		N/A PC PERFORMING ARTS AND ARTS EDUCATION 50,000

RONALD MCDONALD HOUSE OF HOUSTON

1907 HOLCOMBE BOULEVARD
HOUSTON,TX77030 		N/A PC SOCIAL SERVICES 185,000

SAN ANTONIO AREA FOUNDATION

303 PEARL PARKWAY SUITE 114
SAN ANTONIO,TX78215 		N/A PC EDUCATIONAL SERVICES 1,223,516

SMALL STEPS NURTURING CENTER

2902 JENSEN DRIVE
HOUSTON,TX77026 		N/A PC SOCIAL SERVICES 20,000

SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS OF GALVESTON CO

3000 AVENUE R
SAN LEON,TX775393177 		N/A PC ANIMAL PROTECTION AND WELFARE 5,000

SOUTHWESTERN UNIVERSITY

1001 EAST UNIVERSITY AVENUE
GEORGETOWN,TX78626 		N/A PC EDUCATIONAL SERVICES 200,000

STAR OF HOPE

4848 LOOP CENTRAL
HOUSTON,TX77081 		N/A PC SOCIAL SERVICES 608,000

TEACH FOR AMERICA

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		N/A PC EDUCATIONAL SERVICES 316,666

TEXAS A&M UNIVERSITY-KINGSVILLE FOUNDATION INC

PO BOX 2202
KINGSVILLE,TX78363 		N/A PC EDUCATIONAL SERVICES 300,000

THE BRYAN MUSEUM

1315 21ST STREET
GALVESTON,TX77550 		N/A PC EDUCATION AND HISTORICAL PRESERVATION 300,000

THE EDISON CENTER

1959 TEXAS PKWY
MISSOURI CITY,TX77489 		N/A PC CAPITAL CAMPAIGN 750,000

THE SALVATION ARMY

1500 AUSTIN ST
HOUSTON,TX77002 		N/A PC SOCIAL SERVICES 250,000

THE UNIVERSITY OF TEXAS AT SAN ANTONIO

COLLEGE OF BUSINESS ONE UTSA CIRCLE
SAN ANTONIO,TX782493209 		N/A PC EDUCATIONAL SERVICES 10,000

TRANSFORMATIONS BY AUSTIN ANGELS

PO BOX 420966
HOUSTON,TX772420966 		N/A PC SOCIAL SERVICES 5,000

TRINITY UNIVERSITY

1 TRINITY PL
SAN ANTONIO,TX782124674 		N/A PC EDUCATIONAL SERVICES 1,015,000

UNDIES FOR EVERYONE

3610 WILLOWBEND 1000
HOUSTON,TX77054 		N/A PC SOCIAL SERVICES 150,000

UNIVERSITY OF HOUSTON

PO BOX 867
HOUSTON,TX77001 		N/A PC EDUCATIONAL SERVICES 1,000,000

UNIVERSITY OF TEXAS FOUNDATION

9011 MOUNTAIN RIDGE DR SUITE 150
AUSTIN,TX78759 		N/A PC EDUCATIONAL SERVICES 200,000

UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON

700 FANIN SUITE 1200
HOUSTON,TX77030 		N/A PC MEDICAL PROGRAMS 2,476,826

WILLIAM MARSH RICE UNIVERSITY

PO BOX 1892 6100 MAIN ST
HOUSTON,TX77251 		N/A PC EDUCATIONAL SERVICES 474,674

WINCHESTER SWIM TEAM

9607 RIO GRANDE DR
HOUSTON,TX770645368 		N/A PC SOCIAL SERVICES 5,000

WONDERLAND EDUCATIONAL ESTATE ASSOCIATION DBA BEATRICE MAYES INSTITUTE

5807 CALHOUN RD
HOUSTON,TX77021 		N/A PC EDUCATIONAL SERVICES 807,711

YELLOWSTONE ACADEMY

3000 TRULLEY ST
HOUSTON,TX77004 		N/A PC EDUCATIONAL SERVICES 500,000

YES PREP PUBLIC SCHOOLS

5455 SOUTH LOOP E FREEWAY
HOUSTON,TX77033 		N/A PC EDUCATIONAL SERVICES 500,000
Total .................................right arrow 3a 42,916,516
bApproved for future payment

CHAMBERS COUNTY CHILDREN'S MUSEUM
PO BOX 2309 10955 EAGLE DRIVE
MONT BELVIEU,TX77523 		N/A PC EDUCATIONAL SERVICES 1,899,869

GALVESTON BAY FOUNDATION
1725 TX-146
KEMAH,TX77565 		N/A PC ENVIRONMENTAL SERVICES 1,000,000

GALVESTON URBAN MINISTRIES
3727 BALL STREET
GALVESTON,TX77550 		N/A PC SOCIAL SERVICES 250,000

HOUSTON AREA WOMEN'S CENTER
1010 WAUGH DRIVE
HOUSTON,TX77019 		N/A PC SOCIAL SERVICES 800,000

HOUSTON FOOD BANK
535 PORTWALL ST
HOUSTON,TX77029 		N/A PC SOCIAL SERVICES 1,600,000

HOUSTON ZOO INC
1513 CAMBRIDGE STREET
HOUSTON,TX77030 		N/A PC ANIMAL AND WILDLIFE HABITAT CONSERVATION 2,000,000

SAN ANTONIO AREA FOUNDATION
303 PEARL PARKWAY SUITE 114
SAN ANTONIO,TX78215 		N/A PC EDUCATIONAL SERVICES 160,000

THE SALVATION ARMY
1500 AUSTIN ST
HOUSTON,TX77002 		N/A PC SOCIAL SERVICES 250,000

UNDIES FOR EVERYONE
3610 WILLOWBEND 1000
HOUSTON,TX77054 		N/A PC SOCIAL SERVICES 300,000

UNIVERSITY OF TEXAS FOUNDATION
9011 MOUNTAIN RIDGE DR SUITE 150
AUSTIN,TX78759 		N/A PC EDUCATIONAL SERVICES 800,000

UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER AT HOUSTON
700 FANIN SUITE 1200
HOUSTON,TX77030 		N/A PC MEDICAL PROGRAMS 750,000

WILLIAM MARSH RICE UNIVERSITY
6100 MAIN ST
HOUSTON,TX77251 		N/A PC EDUCATIONAL SERVICES 100,000
Total ................................. right arrow 3b 9,909,869
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 ........... 		    14 454,144  
4 Dividends and interest from securities ....     14 14,873,142  
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 5,356,800  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 1 18 19,852,921  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH K-1 INCOME - UBTI 		525990 -7,553      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -7,552 40,537,007 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
40,529,455
(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

TY 2022 AccountingFeesSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PLANNING AND COMPLIANCE 20,119 10,060   10,059

TY 2022 InvestmentsCorpStockSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Name of Stock End of Year Book Value End of Year Fair Market Value
PUBLICLY TRADED SECURITY 1 2,123,190 1,171,863
PUBLICLY TRADED SECURITY 2 1,140,770 1,650,144
PUBLICLY TRADED SECURITY 3 660,364 1,509,781
PUBLICLY TRADED SECURITY 4 1,300,746 2,321,384
PUBLICLY TRADED SECURITY 5 1,581,825 1,563,541
PUBLICLY TRADED SECURITY 7 178,923 196,560
PUBLICLY TRADED SECURITY 8 251,127 352,203
PUBLICLY TRADED SECURITY 9 253,104 368,358
PUBLICLY TRADED SECURITY 10 526,215 386,400
PUBLICLY TRADED SECURITY 11 6,426,394 3,595,200
PUBLICLY TRADED SECURITY 14 24,421,675 19,310,128
PUBLICLY TRADED SECURITY 17 180,595 164,446
PUBLICLY TRADED SECURITY 18 519,190 430,560
PUBLICLY TRADED SECURITY 19 943,041 833,016
PUBLICLY TRADED SECURITY 20 457,800 403,056
PUBLICLY TRADED SECURITY 21 333,767 375,031
PUBLICLY TRADED SECURITY 22 362,025 455,356
PUBLICLY TRADED SECURITY 23 363,337 402,920
PUBLICLY TRADED SECURITY 25 475,124 498,332
PUBLICLY TRADED SECURITY 27 285,565 251,625
PUBLICLY TRADED SECURITY 28 312,336 209,592
PUBLICLY TRADED SECURITY 29 1,544,076 924,048
PUBLICLY TRADED SECURITY 30 872,572 1,259,092
PUBLICLY TRADED SECURITY 31 1,275,398 811,304
PUBLICLY TRADED SECURITY 33 1,697,780 1,050,448
PUBLICLY TRADED SECURITY 34 289,814 171,990
PUBLICLY TRADED SECURITY 35 324,800 554,600
PUBLICLY TRADED SECURITY 36 2,152,605 1,651,541
PUBLICLY TRADED SECURITY 37 827,440 728,892
PUBLICLY TRADED SECURITY 38 537,810 411,768
PUBLICLY TRADED SECURITY 39 397,612 419,355
PUBLICLY TRADED SECURITY 40 16,463 29,723
PUBLICLY TRADED SECURITY 41 285,847 241,320
PUBLICLY TRADED SECURITY 42 464,153 175,500
PUBLICLY TRADED SECURITY 43 1,310,321 545,776
PUBLICLY TRADED SECURITY 44 27,993,618 18,410,925
PUBLICLY TRADED SECURITY 46 585,264 328,718
PUBLICLY TRADED SECURITY 53 1,383,967 883,320
PUBLICLY TRADED SECURITY 54 710,500 603,865
PUBLICLY TRADED SECURITY 55 1,182,992 1,131,984
PUBLICLY TRADED SECURITY 56 158,663 126,603
PUBLICLY TRADED SECURITY 57 530,251 426,699
PUBLICLY TRADED SECURITY 59 936,245 980,343
PUBLICLY TRADED SECURITY 60 851,347 1,073,125
PUBLICLY TRADED SECURITY 61 116,766 133,767
PUBLICLY TRADED SECURITY 63 1,620,949 1,135,744
PUBLICLY TRADED SECURITY 64 1,338,474 2,835,988
PUBLICLY TRADED SECURITY 65 358,375 299,982
PUBLICLY TRADED SECURITY 67 310,106 145,512
PUBLICLY TRADED SECURITY 68 673,907 652,422
PUBLICLY TRADED SECURITY 69 1,061,830 754,807
PUBLICLY TRADED SECURITY 73 82,892 302,400
PUBLICLY TRADED SECURITY 74 487,202 358,902
PUBLICLY TRADED SECURITY 75 320,365 333,564
PUBLICLY TRADED SECURITY 76 590,027 523,965
PUBLICLY TRADED SECURITY 77 42,287,392 40,997,290
PUBLICLY TRADED SECURITY 79 1,505,112 1,106,843
PUBLICLY TRADED SECURITY 80 498,194 497,984
PUBLICLY TRADED SECURITY 84 376,898 1,150,607
PUBLICLY TRADED SECURITY 86 1,087,272 1,017,600
PUBLICLY TRADED SECURITY 87 396,566 441,048
PUBLICLY TRADED SECURITY 90 88,900 43,008
PUBLICLY TRADED SECURITY 91 416,163 431,756
PUBLICLY TRADED SECURITY 92 908,149 1,941,029
PUBLICLY TRADED SECURITY 93 537,029 512,825
PUBLICLY TRADED SECURITY 94 181,090 116,580
PUBLICLY TRADED SECURITY 95 1,196,367 1,411,215
PUBLICLY TRADED SECURITY 96 1,009,881 427,207
PUBLICLY TRADED SECURITY 97 74,232 68,779
PUBLICLY TRADED SECURITY 99 968,943 875,343
PUBLICLY TRADED SECURITY 100 861,539 2,362,946
PUBLICLY TRADED SECURITY 101 3,093,854 2,406,221
PUBLICLY TRADED SECURITY 102 429,081 918,763
PUBLICLY TRADED SECURITY 103 1,446,470 1,855,154
PUBLICLY TRADED SECURITY 104 682,700 680,400
PUBLICLY TRADED SECURITY 105 94,140 69,160
PUBLICLY TRADED SECURITY 106 163,194 156,620
PUBLICLY TRADED SECURITY 107 971,263 1,952,690
PUBLICLY TRADED SECURITY 109 213,238 192,294
PUBLICLY TRADED SECURITY 110 1,389,094 994,445
PUBLICLY TRADED SECURITY 112 425,111 505,043
PUBLICLY TRADED SECURITY 113 304,780 251,187
PUBLICLY TRADED SECURITY 114 1,006,109 1,160,580
PUBLICLY TRADED SECURITY 116 1,962,045 2,148,108
PUBLICLY TRADED SECURITY 118 1,492,205 1,438,371
PUBLICLY TRADED SECURITY 122 629,048 581,775
PUBLICLY TRADED SECURITY 123 482,052 463,680
PUBLICLY TRADED SECURITY 124 574,264 482,160
PUBLICLY TRADED SECURITY 125 347,854 273,241
PUBLICLY TRADED SECURITY 127 1,359,265 1,342,032
PUBLICLY TRADED SECURITY 128 442,049 518,000
PUBLICLY TRADED SECURITY 132 288,839 308,055
PUBLICLY TRADED SECURITY 133 517,563 662,725
PUBLICLY TRADED SECURITY 134 1,030,452 1,696,576
PUBLICLY TRADED SECURITY 136 738,183 1,821,847
PUBLICLY TRADED SECURITY 137 19,722,009 18,061,668
PUBLICLY TRADED SECURITY 138 17,125 39,038
PUBLICLY TRADED SECURITY 139 987,197 939,114
PUBLICLY TRADED SECURITY 142 1,726,264 1,564,891
PUBLICLY TRADED SECURITY 143 346,996 411,250
PUBLICLY TRADED SECURITY 145 226,743 242,250
PUBLICLY TRADED SECURITY 146 493,271 954,480

TY 2022 InvestmentsGovtObligationsSch
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
US Government Securities - End of Year Book Value:

23,529,584
US Government Securities - End of Year Fair Market Value:

19,794,636
State & Local Government Securities - End of Year Book Value:


28,616,881
State & Local Government Securities - End of Year Fair Market Value:


19,782,069


TY 2022 InvestmentsOtherSchedule2
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
NON-MARKETABLE CORPORATE EQUITY SECURITY 1 AT COST 7,403,914 7,157,158
ALTERNATIVE INVESTMENT 1 AT COST 32,934,055 32,673,808
ALTERNATIVE INVESTMENT 2 AT COST 19,370,285 29,349,407
ALTERNATIVE INVESTMENT 3 AT COST 36,186,596 41,575,850
ALTERNATIVE INVESTMENT 4 AT COST 3,958,442 3,542,690
ALTERNATIVE INVESTMENT 5 AT COST 8,738,285 12,216,477
ALTERNATIVE INVESTMENT 6 AT COST 17,189,174 22,351,309
ALTERNATIVE INVESTMENT 8 AT COST 4,682,668 4,679,159
ALTERNATIVE INVESTMENT 9 AT COST 26,574,111 25,683,426
ALTERNATIVE INVESTMENT 10 AT COST 9,413 9,653
ALTERNATIVE INVESTMENT 11 AT COST 9,314,681 8,920,330
ALTERNATIVE INVESTMENT 12 AT COST 4,143,005 15,534,875
ALTERNATIVE INVESTMENT 13 AT COST 3,596,164 3,594,436
ALTERNATIVE INVESTMENT 14 AT COST 7,280,012 14,746,973
ALTERNATIVE INVESTMENT 15 AT COST 30,000,000 26,046,295
ALTERNATIVE INVESTMENT 16 AT COST 20,000,000 9,800,000
ALTERNATIVE INVESTMENT 17 AT COST 10,000,000 5,912,000
ALTERNATIVE INVESTMENT 18 AT COST 8,550,000 7,353,000
ALTERNATIVE INVESTMENT 19 AT COST 19,797,984 20,284,721
ALTERNATIVE INVESTMENT 20 AT COST 27,437,210 34,814,743
ALTERNATIVE INVESTMENT 21 AT COST 20,000,000 26,565,845
ALTERNATIVE INVESTMENT 22 AT COST 19,000,000 33,124,762
ALTERNATIVE INVESTMENT 24 AT COST 17,100,000 27,804,600
ALTERNATIVE INVESTMENT 25 AT COST 20,000,000 26,265,227
ALTERNATIVE INVESTMENT 26 AT COST 11,116,165 12,667,443
ALTERNATIVE INVESTMENT 27 AT COST 4,301,192 10,136,788
ALTERNATIVE INVESTMENT 28 AT COST 10,062,330 6,164,159
ALTERNATIVE INVESTMENT 29 AT COST 7,176,432 11,056,938
ALTERNATIVE INVESTMENT 30 AT COST 8,928,544 5,044,606
ALTERNATIVE INVESTMENT 31 AT COST 2,320,278 4,981,423
ALTERNATIVE INVESTMENT 32 AT COST 1,356,027 2,054,947
ALTERNATIVE INVESTMENT 33 AT COST 25,000,000 25,397,228
ALTERNATIVE INVESTMENT 34 AT COST 8,370,087 9,975,753
ALTERNATIVE INVESTMENT 35 AT COST 4,141,875 9,307,041
ALTERNATIVE INVESTMENT 36 AT COST 2,019,024 2,472,982
ALTERNATIVE INVESTMENT 37 AT COST 704,581 3,776,194
ALTERNATIVE INVESTMENT 38 AT COST 2,595,248 2,773,541
ANTICIPATORY RIGHT TO ASSETS FROM THE ESTATE OF DAN L. DUNCAN AT COST 348,272 348,272

TY 2022 LegalFeesSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 8,918 0   8,918


TY 2022 OtherExpensesSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUST EXPENSES - COMMON TRUST FUND 9,627 9,627   0
SOFTWARE SUBSCRIPTION 9,450 0   9,450


TY 2022 OtherIncomeSchedule2
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH K-1 INCOME 3,078,133 3,070,554 0
PFIC ORDINARY INCOME INCLUSION 2,157,766 2,157,766 0
ROYALTY INCOME 120,867 120,867 0
OTHER INCOME 34 34 0
PASSTHROUGH K-1 INCOME - UBTI -7,553 0 -7,553


TY 2022 OtherProfessionalFeesSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 414,940 414,940   0


TY 2022 TaxesSchedule
Name:
DAN L DUNCAN FOUNDATION
EIN:
20-0265572
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 130,159 130,159   0
EXCISE TAX 1,093,454 0   0