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
STILL WATER FOUNDATION
C/O PERSONAL ADMINISTRATORS INC
Number and street (or P.O. box number if mail is not delivered to street address)3939 BEE CAVE RD C-100
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78746
A Employer identification number

47-3532637
B Telephone number (see instructions)

(512) 328-1184
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$147,245,808J 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) 4,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 25,475 25,475  
4 Dividends and interest from securities... 877,300 877,300  
5a Gross rents............ 174,117 174,117  
b Net rental income or (loss) -11,748
6a Net gain or (loss) from sale of assets not on line 10 -335,972
b Gross sales price for all assets on line 6a 6,950,995
7 Capital gain net income (from Part IV, line 2)... 0
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
19,995,744 17,984,103  
12 Total. Add lines 1 through 11........ 20,740,664 19,060,995  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 804,438 309,034   310,828
14 Other employee salaries and wages...... 213,100 0   165,961
15 Pension plans, employee benefits....... 42,514 0   33,859
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
744,877 497,734   71,105
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
187,924 5,867   5,867
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
27,665 27,665   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
445,945 68,539   23,304
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
228,332 56,636  
20 Occupancy.............. 20,944 8,532   0
21 Travel, conferences, and meetings....... 57,017 57,017   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
573,014 489,158   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,345,770 1,520,182   610,924
25 Contributions, gifts, grants paid....... 21,076,091 12,910,425
26 Total expenses and disbursements. Add lines 24 and 25 24,421,861 1,520,182   13,521,349
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,681,197
b Net investment income (if negative, enter -0-) 17,540,813
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 12,884,218 8,363,786 8,363,786
3 Accounts receivable right arrow250
Less: allowance for doubtful accounts right arrow     250 250
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 arrow476,599
Less: allowance for doubtful accounts right arrow0 772,499 Click to see attachment
List of Attached Documents:
// Content
476,599 		476,599
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 37,541,396 Click to see attachment
List of Attached Documents:
// Content
29,524,288 		29,524,288
c Investments—corporate bonds (attach schedule)....... 1,839,341 Click to see attachment
List of Attached Documents:
// Content
13,264,987 		13,264,987
11 Investments—land, buildings, and equipment: basis right arrow4,068,682
Less: accumulated depreciation (attach schedule) right arrow75,886 4,019,063 Click to see attachment
List of Attached Documents:
// Content
3,992,796 		3,992,796
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 86,439,104 Click to see attachment
List of Attached Documents:
// Content
90,930,244 		90,930,244
14 Land, buildings, and equipment: basis right arrow141,126
Less: accumulated depreciation (attach schedule) right arrow41,757 105,889 Click to see attachment
List of Attached Documents:
// Content
99,369 		99,369
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
810,395 		Click to see attachment
List of Attached Documents:
// Content
593,489 		Click to see attachment
List of Attached Documents:
// Content
593,489
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 144,411,905 147,245,808 147,245,808
Liabilities 17 Accounts payable and accrued expenses.......... 111,956 250,779
18 Grants payable................. 12,523,000 20,688,667
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
15,528 		Click to see attachment
List of Attached Documents:
// Content
30,848
23 Total liabilities (add lines 17 through 22)......... 12,650,484 20,970,294
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........... 131,761,421 126,275,514
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 131,761,421 126,275,514
30 Total liabilities and net assets/fund balances (see instructions). 144,411,905 147,245,808
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
131,761,421
2
Enter amount from Part I, line 27a .....................
2
-3,681,197
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
85,970
4
Add lines 1, 2, and 3 ..........................
4
128,166,194
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,890,680
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
126,275,514
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 2.5% BASF SE   2022-01-01 2022-12-31
b 2.5% BASF SE   2022-01-01 2022-12-31
c 2.5% BASF SE   2022-01-01 2022-12-31
d A.P MOLLER - MAERSK   2022-01-01 2022-01-11
e A.P MOLLER - MAERSK   2022-01-01 2022-04-04
ADYEN NV   2022-01-01 2022-08-25
AMAZON.COM   2021-12-23 2022-10-26
AON PLC   2022-01-01 2022-08-17
APTIV PLC   2021-12-23 2022-08-31
APTIV PLC   2021-12-23 2022-09-07
APTIV PLC   2022-03-23 2022-09-07
ASAHI GROUP HOLDINGS   2022-01-01 2022-06-17
AXON ENTERPRISE INC.   2021-06-14 2022-06-22
BHP GROUP LTD   2022-01-01 2022-10-28
BHP GROUP LTD   2022-01-01 2022-10-28
BLACK KNIGHT INC.   2019-06-26 2022-06-22
BLOCK INC   2021-12-23 2022-09-27
CAPITAL GAINS FROM K-1S P 2022-01-01 2022-12-31
CHR. HANSEN HOLDING A/S   2022-01-01 2022-12-31
CLARIVATE PLC   2021-12-23 2022-08-08
COMPASS GROUP PLC   2022-01-01 2022-01-17
CSDR SD COMP PZ4354   2022-01-01 2022-12-31
DORMAKABA HOLDING AG RUMLANG   2022-01-01 2022-12-31
DORMAKABA HOLDING AG RUMLANG   2022-01-01 2022-12-31
EUROFINS SCIENTIFIC   2022-01-01 2022-03-17
EUROFINS SCIENTIFIC   2022-01-01 2022-03-17
EUROFINS SCIENTIFIC   2022-01-01 2022-04-06
GALENICA AG   2022-01-01 2022-12-31
GALENICA AG   2022-01-01 2022-12-31
GOLD 1KG 999.9   2022-01-01 2022-12-31
GOLD 1KG 999.9   2022-01-01 2022-12-31
GOLDEN OCEAN GROUP LTD.   2022-01-01 2022-02-14
GOLDEN OCEAN GROUP LTD.   2022-01-01 2022-02-15
GOLDEN OCEAN GROUP LTD.   2022-01-01 2022-02-17
GOLDEN OCEAN GROUP LTD.   2022-01-01 2022-04-04
HALEON PLC   2022-01-01 2022-08-19
HALOZYME THERAPEUTIC   2021-12-23 2022-07-13
HONEYWELL INTERNATIONAL INC   2022-01-01 2022-02-22
HONG KONG EXCHANGES & CLEARING NPV   2022-01-01 2022-11-01
INTUITIVE SURGICAL INC,   2022-01-01 2022-01-26
KERING   2022-01-01 2022-01-12
LITHIA MOTORS INC.   2021-12-23 2022-06-28
LITHIA MOTORS INC.   2021-12-23 2022-08-12
LKCM SMALL CAP EQUITY IN   2022-01-01 2022-12-31
LKCM SMALL MID CAP EQUITY   2022-01-01 2022-12-31
LONZA GROUP AG   2022-01-01 2022-12-31
LVMH MOET HENNESSY VUITTON SE   2022-01-01 2022-08-17
META PLATFORMS INC.   2022-06-02 2022-11-01
META PLATFORMS INC.   2020-03-02 2022-11-01
META PLATFORMS INC.   2021-06-11 2022-11-01
MICROSOFT   2021-12-23 2022-07-25
MORNINGSTAR INC.   2022-01-01 2022-12-31
NETFLIX   2022-01-01 2022-04-20
NEXT   2022-01-01 2022-06-16
NOVO NORDISK A/S   2022-01-01 2022-08-17
NVIDIA CORP.   2021-12-23 2022-04-04
NVIDIA CORP.   2021-12-23 2022-05-31
PALO ALTO NETWORKS   2021-12-23 2022-02-28
PAYPAL HOLDINGS   2021-12-23 2022-02-14
RAHN BODMER COST ADJUSTMENTS   2022-01-01 2022-12-31
SALESFORCE INC.   2021-12-23 2022-11-17
SALESFORCE INC.   2021-12-23 2022-12-08
SCOTTS MIRACLE GRO CO   2022-03-17 2022-08-09
SIG GROUP AG NEUHAUSEN AM RHEINFALL   2022-01-01 2022-12-31
SIG GROUP AG NEUHAUSEN AM RHEINFALL   2022-01-01 2022-12-31
SIGNATURE BANK   2021-12-23 2022-06-21
SIGNATURE BANK   2022-02-14 2022-06-21
SOFTWAREONE HOLDING AG   2022-01-01 2022-12-31
SOITEC S.A.   2022-01-01 2022-01-14
SOUTHWEST AIRLINES   2021-12-23 2022-03-17
ST MICROELECTRONICS   2022-01-01 2022-01-14
ST MICROELECTRONICS   2022-01-01 2022-01-20
ST MICROELECTRONICS   2022-01-01 2022-02-03
ST MICROELECTRONICS   2022-01-01 2022-02-03
TAIWAN SEMICONDUCTOR   2022-01-01 2022-03-04
TEMENOS AG   2022-01-01 2022-04-01
TEMENOS AG   2022-01-01 2022-04-01
THERMO FISHER SCIENTIFIC INC.   2022-01-01 2022-08-17
US TREASURY BOND 2.375% 15/01/27   2022-01-01 2022-07-18
VF CORP   2018-02-09 2022-03-16
WALT DISNEY CO.   2021-12-23 2022-11-04
WASTE MANAGEMENT INC.   2022-01-01 2022-12-31
WASTE MANAGEMENT INC.   2022-01-01 2022-12-31
WELLS FARGO & CO.   2021-12-23 2022-11-04
WOODSIDE ENERGY GROUP LTD.   2022-01-01 2022-08-19
ZIONS BANCORP   2015-08-21 2022-10-19
ZIONS BANCORP   2016-03-11 2022-10-19
(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 70,000   70,853 -853
b 100,000   102,260 -2,260
c 50,000   50,909 -909
d 482,423   178,520 303,903
e 153,923   72,730 81,193
158,453   179,500 -21,047
40,332   59,660 -19,328
40,318   26,281 14,037
58,572   101,582 -43,010
33,238   60,493 -27,255
21,502   28,299 -6,797
101,739   131,755 -30,016
34,780   63,196 -28,416
17,006   20,402 -3,396
440,098   529,781 -89,683
75,689   71,500 4,189
45,236   139,662 -94,426
    736,597 -736,597
59,610   84,625 -25,015
46,788   79,013 -32,225
154,257   116,971 37,286
92     92
19,343   25,818 -6,475
43,521   82,013 -38,492
94,482   47,327 47,155
196,230   98,124 98,106
257,487   123,893 133,594
1,255     1,255
86,633   86,748 -115
117,781   49,760 68,021
117,373   49,760 67,613
83,971   56,196 27,775
54,149   36,010 18,139
145,950   93,212 52,738
38,929   23,862 15,067
70,727   87,955 -17,228
128,207   105,481 22,726
182,066   111,376 70,690
91,746   107,084 -15,338
33,611   34,699 -1,088
5,636   3,419 2,217
115,632   113,070 2,562
80,756   85,582 -4,826
2,919     2,919
8,937     8,937
338     338
39,180   18,912 20,268
23,892   39,473 -15,581
28,671   57,569 -28,898
4,778   16,625 -11,847
9,569   12,352 -2,783
65,167   79,591 -14,424
54,540   149,824 -95,284
53,294   67,428 -14,134
42,372   14,298 28,074
59,323   63,948 -4,625
48,629   76,325 -27,696
24,189   23,040 1,149
83,530   139,461 -55,931
815     815
63,718   106,445 -42,727
47,595   91,203 -43,608
42,066   68,901 -26,835
1,634     1,634
83,598   77,634 5,964
43,774   80,920 -37,146
22,678   42,776 -20,098
1,157     1,157
41,880   13,284 28,596
247,569   241,389 6,180
13,048   4,887 8,161
64,993   25,819 39,174
259,669   105,121 154,548
167,827   66,392 101,435
107,594   54,220 53,374
117,077   179,560 -62,483
222,921   345,180 -122,259
35,800   22,903 12,897
203,234   214,580 -11,346
53,225   69,544 -16,319
104,566   160,504 -55,938
23,111   15,025 8,086
28,247   18,080 10,167
74,884   78,482 -3,598
79,046   67,787 11,259
12,244   7,076 5,168
88,156   44,431 43,725
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       -853
b       -2,260
c       -909
d       303,903
e       81,193
      -21,047
      -19,328
      14,037
      -43,010
      -27,255
      -6,797
      -30,016
      -28,416
      -3,396
      -89,683
      4,189
      -94,426
      -736,597
      -25,015
      -32,225
      37,286
      92
      -6,475
      -38,492
      47,155
      98,106
      133,594
      1,255
      -115
      68,021
      67,613
      27,775
      18,139
      52,738
      15,067
      -17,228
      22,726
      70,690
      -15,338
      -1,088
      2,217
      2,562
      -4,826
      2,919
      8,937
      338
      20,268
      -15,581
      -28,898
      -11,847
      -2,783
      -14,424
      -95,284
      -14,134
      28,074
      -4,625
      -27,696
      1,149
      -55,931
      815
      -42,727
      -43,608
      -26,835
      1,634
      5,964
      -37,146
      -20,098
      1,157
      28,596
      6,180
      8,161
      39,174
      154,548
      101,435
      53,374
      -62,483
      -122,259
      12,897
      -11,346
      -16,319
      -55,938
      8,086
      10,167
      -3,598
      11,259
      5,168
      43,725
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 -335,972
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) 1 243,817
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........................... 3 243,817
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- ..... 5 243,817
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 334,760
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 175,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 509,760
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
8 463
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 10 265,480
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow265,480 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 arrowPERSONAL ADMINISTRATORS INC Telephone no.right arrow (512) 328-1184

Located atright arrow3939 BEE CAVE ROAD C-100AUSTINTX ZIP+4right arrow78746
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowUK, SZ
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
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
JULIA M WILKINSON CHAIRMAN/PRESIDENT
5.00 		0 0 0
3939 BEE CAVE RD C-100
AUSTIN,TX78746
JAMES A FLIELLER TREASURER
8.00 		450,000 0 0
3129 HONEY TREE LANE
AUSTIN,TX78746
DUNCAN E OSBORNE VP/SECRETARY
12.00 		0 0 0
301 CONGRESS AVE STE 1910
AUSTIN,TX78701
PATTI O'MEARA MANAGING DIRECTOR
3.00 		0 0 0
3939 BEE CAVE RD C-100
AUSTIN,TX78746
ELLEN O RAY CEO
55.00 		354,438 34,623 0
3405 SHINOAK DRIVE
AUSTIN,TX78731
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
KATHRYN SAUER PROGRAM OFFICER
40.00 		99,577 6,715 0
6000 SHEPHERD MOUNTAIN CV 608
AUSTIN,TX78730
REBECCA L TORRENCE OFFICE MANAGER
40.00 		75,769 0 0
8610 TIP TOP DR
JONESTOWN,TX78645
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
OSBORNE HELMAN SCOTT KNISELY & STANTON LEGAL 736,084
301 CONGRESS AVENUE SUITE 1910
AUSTIN,TX78701
PERSONAL ADMINISTRATORS INC ADMINISTRATIVE & ACCOUNTING 117,348
3939 BEE CAVES ROAD C-100
AUSTIN,TX78746
SW MITCHELL CAPITAL INVESTMENT MANAGEMENT FEES 114,927
38 JERMYN STREET
LONDON   SW1Y 6DN
UK
CONDLEY & COMPANY LLP AUDIT & TAX SERVICES 70,901
PO BOX 2993
ABILENE,TX79604
TERRY MCDANIEL & CO INVESTMENT MANAGEMENT FEES 61,900
2630 EXPOSITION BLVD STE 300
AUSTIN,TX78703
Total number of others receiving over $50,000 for professional services.............right arrow2
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
36,437,256
b
Average of monthly cash balances.......................
1b
11,738,754
c
Fair market value of all other assets (see instructions)................
1c
96,091,647
d
Total (add lines 1a, b, and c).........................
1d
144,267,657
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
144,267,657
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,164,015
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
142,103,642
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,105,182
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
7,105,182
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
243,817
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
243,817
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,861,365
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,861,365
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
6,861,365
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
13,521,349
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
13,521,349
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 6,861,365
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 3,682,688
b From 2018...... 5,311,003
c From 2019...... 6,984,307
d From 2020...... 7,854,956
e From 2021...... 939,678
f Total of lines 3a through e ........ 24,772,632
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 13,521,349
a Applied to 2021, but not more than line 2a 0
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..... 6,861,365
e Remaining amount distributed out of corpus 6,659,984
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 31,432,616
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 .......... 		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) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		3,682,688
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		27,749,928
10 Analysis of line 9:
a Excess from 2018.... 5,311,003
b Excess from 2019.... 6,984,307
c Excess from 2020.... 7,854,956
d Excess from 2021.... 939,678
e Excess from 2022.... 6,659,984
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).)
JULIA M WILKINSON
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

ABILENE HERITAGE SQUARE

PO BOX 1699
ABILENE,TX79604 		NONE PC CULTURAL - TO SUPPORT THE REVITALIZATION PROJECT. 500,000

AUSTIN CHAMBER MUSIC CENTER

7600 BURNET ROAD SUITE 190
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

AUSTIN COMMUNITY FOUNDATION

4315 GUADALUPE STREET SUITE 300
AUSTIN,TX78751 		NONE PC CHARITABLE - TO SUPPORT THE ALL TOGETHER ATX FUND. 50,000

AUSTIN CLASSICAL GUITAR

PO BOX 4072
AUSTIN,TX78765 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000

AUSTIN FOUNDATION FOR ARCHITECTURE

801 WEST 12TH ST
AUSTIN,TX78701 		NONE PC CHARITABLE - IN SUPPORT OF CAPACITY BUILDING FOR THE CENTER. 200,000

BLANTON MUSEUM OF ART

200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 1,100,000

BRAZORIA COUNTY LIBRARY SYSTEM

912 N VELASCO
ANGLETON,TX77515 		NONE PC CHARITABLE - FOR FURNISHINGS AT THE FREEPORT LIBRARY. 20,000

CASETA

PO BOX 3726
SAN ANGELO,TX76902 		NONE PC CHARITABLE - TO SUPPORT THE 2021 VIRTUAL FALL FORUM 20,000

CENTER FOR DISASTER PHILANTHROPY

1 THOMAS CIR NW STE 700
WASHINGTON,DC20004 		NONE PC CHARITABLE - TO SUPPORT THE UKRAINE HUMANITARIAN CRISIS RECOVERY FUND. 100,000

CHARLES MOORE FOUNDATION

2102 QUARRY ROAD
AUSTIN,TX78703 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 5,000

CHINATI FOUNDATION

PO BOX 1135
MARFA,TX79843 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 300,000

CIBOLO CENTER FOR CONSERVATION

140 CITY PARK ROAD
BOERNE,TX78006 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

CONFLUENCE ZEN CENTER

7112 ST JAMES SQUARE
ST LOUIS,MO63143 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 34,000

CONNECTING TEXAS LIBRARIES STATEWIDE

5806 MESA DRIVE SUITE 375
AUSTIN,TX78731 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

CONSPIRARE

1812 CENTRE CREEK DR STE 110
AUSTIN,TX78754 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

DOWN HOME RANCH

20250 FM 619
ELGIN,TX78621 		NONE PC CHARITABLE - TO SUPPORT THE HORTICULTURE PROGRAM. 100,000

ELISABET NEY MUSEUM

304 E 44TH ST
AUSTIN,TX78751 		NONE PC CHARITABLE - CHALLENGE GRANT IN SUPPORT OF THE MUSEUM'S NEW SITE INTERPETIVE PLAN. 25,000

FORT GRIFFIN FANDANGLE

PO BOX 2017
ALBANY,TX76430 		NONE PC CHARITABLE - IN SUPPORT OF THE FORT GRIFFIN FANDANGLE'S CAPITAL IMPROVEMENTS. 50,000

FOUNDATION COMMUNITIES

3000 S I-35 STE 300
AUSTIN,TX78704 		NONE PC CHARITABLE - TO ASSIST RESIDENTS DURING COVID-19 PANDEMIC. 125,000

FRIENDS OF LEE LIBRARY

PO BOX 1549
GLADEWATER,TX75647 		NONE PC CHARITABLE - FOR RENOVATION OF LEE LIBRARY 18,000

GREATER AUSTIN CRIME COMMISSION

815 BRAZOS ST SUITE 701
AUSTIN,TX78701 		NONE PC GOVERNMENTAL - TO SUPPORT LEADERSHIP DEVELOPMENT WITHIN THE AUSTIN POLICE DEPARTMENT. 90,000

HEADWATERS AT THE COMAL

333 E KLINGEMANN ST
NEW BRAUNFELS,TX78130 		NONE PC CHARITABLE - IN SUPPORT OF THE PHASE 2 CAPITAL CAMPAIGN. 100,000

HILL COUNTRY ALLIANCE

PO BOX 151675
AUSTIN,TX78715 		NONE PC CHARITABLE - TO SUPPORT THE HILL COUNTRY CONSERVATION NETWORK. 60,000

HILL COUNTRY CONSERVANCY

PO BOX 163125
AUSTIN,TX78716 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

LAND TRUST ALLIANCE

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE TEXAS LAND TRUST ADVANCEMENT INITIATIVE. 60,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN

2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 275,000

MEMORIAL HERMANN FOUNDATION

1431 STUDEMONT
HOUSTON,TX77007 		NONE PC CHARITABLE - TO SUPPORT TIRR MEMORIAL HERMANN'S NEW PATIENT DATABASE. 50,000

MD ANDERSON CANCER CENTER

PO BOX 301439
HOUSTON,TX77230 		NONE PC CHARITABLE - TO SUPPORT THE BREAST CANCER MOON SHOT PROGRAM. 100,000

MINDPOP

7112 BURNET RD UNIT B
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

NEILL-COCHRAN HOUSE MUSEUM

2310 SAN GABRIEL ST
AUSTIN,TX78705 		NONE PC CHARITABLE - IN SUPPORT OF THE ARCHITECTURAL RESTORATION OF THE SLAVE QUARTERS. 5,000

OLD JAIL ART CENTER

201 SOUTH 2ND STREET
ALBANY,TX76430 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 70,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - TO SUPPORT WEST TEXAS FOOD BANKS. 200,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND. 435,000

PRESERVATION TEXAS

PO BOX 3514
SAN MARCOS,TX78667 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

PRINTAUSTIN COLLECTIVE

916 SPRINGDALE ROAD BLDG 1 UNIT 218
AUSTIN,TX78702 		NONE PC CHARITABLE - TO SUPPORT THE 2021 PRINTAUSTIN FESTIVAL. 15,000

PROJECT SCHOOLHOUSE

PO BOX 609
AUSTIN,TX78767 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

RETINA FOUNDATION

9600 N CENTRAL EXPY SUITE 200
DALLAS,TX75231 		NONE PC EDUCATION - TO BE USED TO SUPPORT THE DEVELOPMENT OF A CELL MODEL OF AGE-RELATED MACULAR DEGENERATION. 250,000

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 465,219

SANTA FE CHAMBER MUSIC FESTIVAL

PO BOX 2227
SANTA FE,NM87504 		NONE PC CULTURAL - TO INCENTIVIZE 2020 FESTIVAL TICKET BUYERS TO DONATE THEIR TICKETS. 25,000

SAVE THE CHILDREN FEDERATION INC

899 NORTH CAPITOL ST STE 900
WASHINGTON,DC20002 		NONE PC CHARITABLE - TO SUPPORT CHILDREN AND FAMILIES IMPACTED BY THE CRISIS IN UKRAINE. 50,000

SHIELD RANCH FOUNDATION FUND

9433 BEE CAVES RD
AUSTIN,TX78733 		NONE PC CHARITABLE - TO SUPPORT THE ABIDING CAMPAIGN FOR THE CAMPSITE AT SHIELD RANCH. 250,000

SHOAL CREEK CONSERVANCY

PO BOX 11520
AUSTIN,TX78711 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 20,000

SKYSTONE FOUNDATION

28 S BEAVER STREET
FLAGSTAFF,AZ86001 		NONE PC CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. 100,000

SOUTHERN METHODIST UNIVERSITY

6425 BOAZ LANE
DALLAS,TX75205 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 500,000

ST JOHN'S COLLEGE

1160 CAMINO CRUZ BLANCA
SANTA FE,NM87505 		NONE PC EDUCATIONAL - TO SUPPORT FINANCIAL AID FOR THE STUDENTS ON THE SANTA FE CAMPUS. 500,000

ST LOUISE HOUSE

PO BOX 150637
AUSTIN,TX78715 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE CAPITAL CAMPAIGN. 3,000,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 520,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE ANNUAL FUND 43,000

SUSTAINABLE FOOD CENTER

2921 E 17TH ST BLDG C
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

TALITHA KOUM INSTITUTE

1311 CLAY AVE
WACO,TX76706 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

TALITHA KOUM INSTITUTE

1311 CLAY AVE
WACO,TX76706 		NONE PC CHARITABLE - FOR INTENSIVE STAFF TRAINING PROVIDED BY MISSION CAPITAL. 10,000

TATUM LIBRARY

335 HOOD ST
TATUM,TX75691 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 25,000

TEXAS AGRICULTURAL LAND TRUST

1919 OAKWELL FARMS PKWY 100
SAN ANTONIO,TX78218 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 325,000

TEXAS ARCHIVE OF THE MOVING IMAGE

3908 AVENUE B SUITE 105
AUSTIN,TX78751 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000

TEXAS A&M UNIVERSITY CORPUS CHRISTI

6300 OCEAN DR
CORPUS CHRISTI,TX78412 		NONE PC EDUCATIONAL - IN SUPPORT OF THE HARTE RESEARCH INSTITUTE. 100,000

TEXAS BEEF INITIATIVE

PO BOX 189
DRIPPING SPRINGS,TX78720 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

TEXAS BOOK FESTIVAL

1023 SPRINGDALE RD
AUSTIN,TX78721 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

TEXAS LAND TRUST COUNCIL

PO BOX 2677
WIMBERLEY,TX78676 		NONE PC CHARITABLE - FOR THE TRANSACTION MATCHING GRANT PROGRAM 75,000

TEXAS PARKS & WILDLIFE

4200 SMITH SCHOOL RD
AUSTIN,TX78744 		NONE PC GOVERNMENTAL - FOR GENERAL OPERATING SUPPORT. 250,706

TEXAS STATE HISTORY MUSEUM FOUNDATION

PO BOX 12456
AUSTIN,TX78711 		NONE PC EDUCATIONAL - FOR 2021 TEXAS INDEPENDENCE DAY DINNER. 25,000

TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION

601 UNIVERSITY DRIVE
SAN MARCOS,TX78666 		NONE PC EDUCATIONAL - TO SUPPORT THE MUSICAL THEATER EXCELLENCE FUND. 40,000

TEXAWS TECH FOUNDATION

MAIL BOX 41081
LUBBOCK,TX79409 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 175,000

THE CONTEMPORARY AUSTIN MUSEUM INC

700 CONGRESS AVE
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

THE SAFE ALLIANCE

PO BOX 19454
AUSTIN,TX78760 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 12,500

TREEFOLKS

PO BOX 1395
DEL VALLE,TX78617 		NONE PC CHARITABLE - FOR THE AUSTIN TREE AWARDS AND FOR THE CENTRAL TEXAS FLOODPLAIN REFORESTATION PROGRAM. 40,000

UNIVERSITY OF AUSTIN (CICERO RESEARCH)

2112 RIO GRANDE ST
AUSTIN,TX78705 		NONE PC EDUCATIONAL - TO SUPPORT THE UNVERSITY OF AUSTIN'S FOUNDERS CAMPAIGN. 500,000

UT SCHOOL OF ARCHITECTURE

310 INNER CAMPUS DR
AUSTIN,TX78712 		NONE PC EDUCATIONAL - TO ESTABLISH THE GORDON WHITE, MD, GRADUATE FELLOWSHIP. 100,000

UT COLLEGE OF FINE ARTS

2301 TRINITY ST
AUSTIN,TX78712 		NONE PC EDUCATIONAL - TO SUPPORT DEAN RIVERA-SERVERAS DISCRETIONARY FUND. 50,000

WATER FOUNDATION

3335 WATT AVE STE B PMB 233
SACRAMENTO,CA95821 		NONE PC CHARITABLE - IN SUPPORT OF THE TEXAS WATER FUND. 100,000

WATER VALLEY VOLUNTEER FIRE DEPARTMENT

17667 BOOTH ST
WATER VALLEY,TX76958 		NONE PC CHARITABLE - IN SUPPORT OF THE CAMPAIGN TO PURCHASE EQUIPMENT. 25,000

WATERLOO GREENWAY CONSERVANCY

1111 RED RIVER ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 100,000

WHARTON COUNTY LIBRARY FRIENDS OF

1920 N FULTON
WHARTON,TX77488 		NONE PC CHARITABLE - FUNDRAISING FOR NEW FURNISHINGS AT THE EAST BERNARD LIBRARY. 17,000

WILDLIFE HABITAT FEDERATION

PO BOX 75
CAT SPRING,TX78933 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

WOMEN MAKE MOVIES

231 W 29TH ST STE 1006
NEW YORK,NY10001 		NONE PC CHARITABLE - IN SUPPORT OF THE ARMY OF WOMEN DOCUMENTARY. 50,000

WORLD CENTRAL KITCHEN

200 MASSACHUSETTS AVE NW
WASHINGTON,DC20001 		NONE PC CHARITABLE - TO SUPPORT THE CHEFS FOR UKRAINE INITIATIVE. 50,000
Total .................................right arrow 3a 12,910,425
bApproved for future payment

ABILENE HERITAGE SQUARE
PO BOX 1699
ABILENE,TX79604 		NONE PC CULTURAL - TO SUPPORT THE REVITALIZATION PROJECT. 3,500,000

BIG MEDIUM
916 SPRINGDALE RD BLDG 2 101
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR THE GROWTH FUND. 50,000

BROOKWOOD IN GEORGETOWN
905 N CHURCH ST
GEORGETOWN,TX78626 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 500,000

GLADYS JOHNSON RITCHIE MEMORIAL LIBRARY
626 W COLLEGE ST
JACKSBORO,TX76458 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000

HILL COUNTRY CONSERVANCY
PO BOX 163125
AUSTIN,TX78716 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 7,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN
2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE ENDOWMENT CAMPAIGN. 2,000,000

MINDPOP
7112 BURNET RD UNIT B
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 250,000

NEILL-COCHRAN HOUSE MUSEUM
2310 SAN GABRIEL ST
AUSTIN,TX78705 		NONE PC CHARITABLE - IN SUPPORT OF THE ARCHITECTURAL RESTORATION OF THE SLAVE QUARTERS. 20,000

SAN FRANCISCO ZEN CENTER
300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 666,667

SKYSTONE FOUNDATION
28 S BEAVER STREET
FLAGSTAFF,AZ86001 		NONE PC CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. 200,000

ST STEPHEN'S EPISCOPAL SCHOOL
6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 11,000,000

TEXAN BY NATURE
3500 JEFFERSON ST STE 301
AUSTIN,TX78731 		NONE PC CHARITABLE - TO SUPPORT THE CONSERVATION PARTNERS PROGRAM. 250,000

TEXAS A&M UNIVERSITY CORPUS CHRISTI
6300 OCEAN DR
CORPUS CHRISTI,TX78412 		NONE PC EDUCATIONAL - IN SUPPORT OF THE HARTE RESEARCH INSTITUTE. 5,000

TEXAS BEEF INITIATIVE
PO BOX 189
DRIPPING SPRINGS,TX78720 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 15,000

TEXAS STATE HISTORY MUSEUM FOUNDATION
PO BOX 12456
AUSTIN,TX78711 		NONE PC EDUCATIONAL - FOR 2021 TEXAS INDEPENDENCE DAY DINNER. 25,000

THE UNIVERSITY OF TEXAS - BLANTON MUSEUM
PO BOX 7458
AUSTIN,TX78713 		NONE PC EDUCATIONAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 2,025,000

WACO FOUNDATION
1227 N VALLEY MILLS DR 235
WACO,TX76710 		NONE PC CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADMINISTRATIVE FUND 150,000
Total ................................. right arrow 3b 20,688,667
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 25,475  
4 Dividends and interest from securities ....     14 877,300  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -11,748  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 19,623,628  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -335,972  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME-UBI PORTION 		211100 372,116      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 372,116 20,178,683 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
20,550,799
(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:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & TAX SERVICES 70,576 0   0
ACCOUNTING SERVICES 117,348 5,867   5,867

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

TY 2022 DepreciationSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
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
COMPUTERS 2019-05-14 6,790 3,622 SL 5.000000000000 1,358 0    
FURNITURE AND FIXTURES 2019-06-03 48,525 12,535 SL 10.000000000000 4,853 0    
LEASEHOLD IMPROVEMENTS 2019-06-11 80,614 13,883 SL 15.000000000000 5,374 0    
DUPLEX LAND 2020-01-21 931,974   L   0 0    
OFFICE BUILDING LAND 2020-01-21 1,015,256   L   0 0    
RESTAURANT LAND 2020-01-21 1,070,778   L   0 0    
DUPLEX BUILDING 2020-01-21 412,659 19,773 SL 40.000000000000 10,316 10,316    
OFFICE BUILDING 2020-01-21 310,140 14,861 SL 40.000000000000 7,754 7,754    
RESTAURANT BUILDING 2020-01-21 252,435 12,096 SL 40.000000000000 6,311 6,311    
DUPLEX HVAC 2020-05-27 26,700 1,056 SL 40.000000000000 668 668    
DUPLEX IMPROVEMENTS 2020-10-12 9,600 300 SL 40.000000000000 240 240    
OFFICE BUILDING HVAC 2020-04-02 24,720 1,082 SL 40.000000000000 618 618    
OFFICE BUILDING FOUNDATION 2020-10-12 14,420 451 SL 40.000000000000 360 360    
COMPUTERS 2022-11-17 1,600   SL 5.000000000000 54 0    
FURNITURE AND FIXTURES 2022-10-17 2,202   SL 10.000000000000 55 0    
FURNITURE AND FIXTURES 2022-11-17 1,395   SL 10.000000000000 23 0    

TY 2022 GeneralExplanationAttachment
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Identifier Return Reference Explanation
OFFICER COMPENSATION PART VI-B AND PART VII JAMES FLIELLER IS A BOARD MEMBER THAT HAS NOT TAKEN COMPENSATION IN PRIOR YEARS. THE $450,000 REPORTED ON THIS RETURN IS A PAYMENT FOR THREE YEARS OF SERVICE AT $150,000 EACH YEAR.DUNCAN OSBORNE IS A BOARD MEMBER OF THE FOUNDATION BUT ALSO PROVIDES LEGAL SERVICES THROUGH HIS FIRM OSBORNE, HELMAN, SCOTT, KNISLEY & STANTON LLP. HE IS NOT SEPARATELY COMPENSATED AS A BOARD MEMBER. THE PAYMENTS TO HIS FIRM ARE INCLUDED IN PART VII AS A HIGHLY COMPENSATED CONTRACTORS.PATTI O'MEARA IS A BOARD MEMBER OF THE FOUNDATION BUT SHE PROVIDES VARIOUS ACCOUNTING AND ADMINISTRATIVE SERVICES THROUGH HER FIRM PERSONAL ADMINISTRATORS, INC. SHE IS NOT SEPARATELY COMPENSATED AS A BOARD MEMBER. THE PAYMENTS TO HER FIRM ARE INCLUDED IN PART VII AS A HIGHLY COMPENSATED CONTRACTOR.

TY 2022 InvestmentsCorpBondsSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Name of Bond End of Year Book Value End of Year Fair Market Value
.55% SKANDINAVISKA ENSKILDA BANKEN 20-23 NTS-S 09/23 193,724 193,724
.375% ESM 20-25 NTS-S 09/25 179,660 179,660
1.75% HENKEL 21-26 NTS-S 175,320 175,320
1.75% LANDWIRTSCHAFTLICHE RETENBANK 20-27 NTS SERIES 1192 181,970 181,970
US TREASURY NT 1.375% 08/23 488,828 488,828
US TREASURY NT 2.875% 10/31/23 5,913,986 5,913,986
US TREASURY NT 2.250% 10/31/24 2,957,281 2,957,281
US TREASURY NT 3.000% 10/31/25 2,945,633 2,945,633
US TREASURY 0.125% 08/15/23 228,585 228,585

TY 2022 InvestmentsCorpStockSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 162,489 162,489
AERCAP HOLDINGS 218,642 218,642
AIA GROUP LIMITED 167,006 167,006
AIR PROD & CHEMICALS 123,304 123,304
AKAMAI TECHNOLOGIES 84,300 84,300
ALCON INC 184,877 184,877
ALPHABET INC. 470,234 470,234
AMAZON.COM INC 288,204 288,204
AMPHENOL CORP 197,977 197,977
ANTOFAGASTA 553,258 553,258
AON PLC 222,019 222,019
AP MOLLER - MAERSK 225,178 225,178
APPLE INC 354,709 354,709
BAKER HUGHES CO 139,470 139,470
BALL CORP 209,367 209,367
BANK OF AMERICA CORP 118,239 118,239
BARRY CALLEBAUT - NAMEN 79,177 79,177
BASF SE 603,483 603,483
BNP PARIBAS 692,959 692,959
CARREFOUR SA 679,028 679,028
CATALENT INC 129,584 129,584
CINTAS CORP 158,067 158,067
CLARIVATE PLC 125,100 125,100
COCA-COLA US 302,163 302,163
COLGATE-PALMOLIVE CO 72,487 72,487
COMMERZBANK AG 748,063 748,063
COMPASS GROUP PLC 628,553 628,553
CULLEN FROST BANKERS 139,048 139,048
DANAHER CORP 349,027 349,027
DANONE 551,780 551,780
DEUTSCHE BANK AG 556,749 556,749
DIAGEO 219,535 219,535
ECOLAB INC 62,591 62,591
EMERSON ELECTRIC CO 100,863 100,863
ENTEGRIS INC 75,757 75,757
ESSILORLUXOTTICA 457,902 457,902
ESTEE LAUDER CO INC 62,028 62,028
EXPERIAN PLC ORD 135,354 135,354
FERGUSON PLC NEW 37,837 37,837
FIRST REPUBLIC BANK 60,945 60,945
FRANKLIN ELECTRIC CO 66,193 66,193
GEBERIT - NAMEN 94,264 94,264
GIVAUDAN AG - NAMEN 156,367 156,367
GLAXOSMITHKLINE 326,567 326,567
GOLDEN OCEAN GROUP LTD 172,784 172,784
HALOZYME THERAPEUTIC 195,622 195,622
HOME DEPOT INC 186,357 186,357
HONEYWELL INTERNATIONAL INC 135,009 135,009
INTESA SANPAOLO S.P.A. 488,819 488,819
INTUIT INC 108,959 108,959
INTUITIVE SURGICAL, INC. 132,643 132,643
IQVIA HOLDINGS INC 167,805 167,805
ISHARES MSCI ALL COUNTRY ASIA EX JAPAN EFT 107,551 107,551
JOHNSON & JOHNSON 105,990 105,990
JPMORGAN CHASE & CO 346,003 346,003
KERING 355,218 355,218
KEYENCE CORPORATION 156,028 156,028
KIMBERLY-CLARK CORP 66,518 66,518
KUHNE & NAGEL INTERNATIONAL - NAMEN 88,502 88,502
L3HARRIS TECHNOLOGIES INC 89,530 89,530
LEGRAND SA 377,293 377,293
LINDE PLC 216,017 216,017
LINDT & SPRUNGLI - PS 173,496 173,496
LKCM SMALL CAP EQUITY 123,063 123,063
LKCM SMALL MID CAP EQUITY 117,163 117,163
LLOYDS BANKING GROUP 556,516 556,516
LOGITECH INTERNATIONAL - NAMEN 32,729 32,729
LONZA GROUP - NAMEN 110,333 110,333
LONZA GROUP AG 156,725 156,725
LVMH MOET HENNESSY VUITTON 210,461 210,461
MARTIN MARIETTA MATERIALS 312,960 312,960
MCCORMICK & CO - NON-VOTING 74,601 74,601
MEDTRONIC PLC 34,197 34,197
MERCK & CO 55,475 55,475
METTLER TOLEDO INTERNATIONAL 101,182 101,182
MICROSOFT CORP 597,875 597,875
MOODY'S CORP 142,096 142,096
NATIONAL INSTRUMENTS 60,516 60,516
NESTLE 568,581 568,581
NEWELL BRANDS INC 28,776 28,776
NEXT 111,747 111,747
NIKE INC 109,990 109,990
NOVARTIS - NAMEN 226,163 226,163
NOVO NORDISK A/S 242,624 242,624
NVIDIA 51,149 51,149
PALO ALTO NETWORKS 148,610 148,610
PAYPAL HOLDINGS INC 64,098 64,098
PEPSICO INC 126,462 126,462
PERKINELMER INC 208,928 208,928
PROCTER & GAMBLE 71,233 71,233
PROGRESSIVE CO OHIO 139,049 139,049
PSI SOFTWARE AG 265,818 265,818
RECRUIT HOLDINGS CO LTD 123,410 123,410
RENTOKIL INITIAL ORD GBP0.01 597,351 597,351
RIO TINTO 195,288 195,288
ROCHE HOLDING - GS 229,508 229,508
ROCHE HOLDINGS AG 474,478 474,478
ROCKWELL AUTOMATION 82,422 82,422
ROPER TECHNOLOGIES 69,134 69,134
S&P GLOBAL INC 177,505 177,505
SALESFORCE.COM 53,036 53,036
SAP SE 421,112 421,112
SCHINDLER HOLDING 47,051 47,051
SCHWAB (CHARLES) CORP 124,883 124,883
SGS - NAMEN 46,537 46,537
SHENZHOU INTERNATIONAL HOLDINGS GROUP 64,010 64,010
SHERWIN WILLIAMS CO 142,398 142,398
SHIMANO INC 95,250 95,250
SIKA - NAMEN 282,999 282,999
SOFTWAREONE HOLDING - NAMEN 49,659 49,659
SOITEC SA 375,754 375,754
SONOVA - NAMEN 71,201 71,201
SONY CORPORATION 190,336 190,336
SPDR GOLD TRUST 333,372 333,372
SVB FINANCIAL GROUP 59,376 59,376
SWATCH GROUP 268,159 268,159
SWISSCOM - NAMEN 137,067 137,067
TAIWAN SEMICONDUCTOR MANUFACTURING 111,750 111,750
TELEDYNE TECHNOLOGIES 75,983 75,983
TEXAS INSTRUMENTS INC 62,787 62,787
THERMO FISHER SCIENTIFIC INC 435,072 435,072
TRACTOR SUPPLY CO 175,477 175,477
TRIMBLE INC 101,120 101,120
UNILEVER 62,175 62,175
UNION PACIFIC CORP 283,656 283,656
UNIVERSAL MUSIC GROUP 702,633 702,633
US BANCORP 89,401 89,401
VANGUARD VALUE ETF 164,233 164,233
VERRA MOBILITY CORP 81,237 81,237
VESTAS WIND SYSTEMS 87,222 87,222
VISA INC 351,198 351,198
VOLKSWAGEN AG 257,282 257,282
WALT DISNEY CO 86,011 86,011
WASTE CONNECTIONS INC 124,606 124,606
WASTE MANAGEMENT 52,555 52,555
WELLS FARGO & CO 139,601 139,601
ZOETIS INC 139,223 139,223
FIRST BANCSHARES OF TX 875,000 875,000
RECEPTOR LOGIC INC. 110,012 110,012
AMEN PROPERTIES INC. 134,750 134,750

TY 2022 InvestmentsLandSchedule2
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
DUPLEX LAND 931,974 0 931,974  
OFFICE BUILDING LAND 1,015,256 0 1,015,256  
RESTAURANT LAND 1,070,778 0 1,070,778  
DUPLEX BUILDING 412,659 30,089 382,570  
OFFICE BUILDING 310,140 22,615 287,525  
RESTAURANT BUILDING 252,435 18,407 234,028  
DUPLEX HVAC 26,700 1,724 24,976  
DUPLEX IMPROVEMENTS 9,600 540 9,060  
OFFICE BUILDING HVAC 24,720 1,700 23,020  
OFFICE BUILDING FOUNDATION 14,420 811 13,609  

TY 2022 InvestmentsOtherSchedule2
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANCOR PLEDGE FUND VI, LLC FMV 27,857 27,857
ANCOR PLEDGE FUND VII, LLC FMV 5,068,295 5,068,295
ANCOR PLEDGE FUND IX, LLC FMV 1,862 1,862
ANCOR PLEDGE FUND XI, LLC FMV 296,903 296,903
ARTIS VENTURES XII SPV, LP FMV 970,535 970,535
CENTRAL PARK-91, LTD. FMV 117,705 117,705
DJ-LEGACY PARTNERS FMV 10,100,183 10,100,183
DJ-PEI PARTNERS FMV 4,097,605 4,097,605
DORCHESTER MINERALS FMV 598,600 598,600
DOS RIOS PARTNERS, LP FMV 1,480,900 1,480,900
DOS RIOS PARTNERS - A, LP FMV 1,481,632 1,481,632
FREESTONE METALS PARTNERS, LP FMV 50,699 50,699
HOG PARTNERSHIP LP FMV 572,534 572,534
MDJ MINERALS LLP FMV 56,250,000 56,250,000
N3 OPPORTUNITY FUND I, LP FMV 20,087 20,087
PENNYBACKER III, LP FMV 56,023 56,023
PENNYBACKER IV, LP FMV 224,132 224,132
SFF ROYALTY, LLC FMV 13,892 13,892
TRI ALPHA (BI ALTERENERGY LLC) FMV 9,500,800 9,500,800

TY 2022 LandEtcSchedule2
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS 6,790 4,980 1,810  
FURNITURE AND FIXTURES 48,525 17,388 31,137  
LEASEHOLD IMPROVEMENTS 80,614 19,257 61,357  
COMPUTERS 1,600 54 1,546  
FURNITURE AND FIXTURES 2,202 55 2,147  
FURNITURE AND FIXTURES 1,395 23 1,372  


TY 2022 LegalFeesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE & COUNSEL 744,877 497,734   71,105


TY 2022 OtherAssetsSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRECIOUS METALS 761,880 525,629 525,629
PREPAID TAX 32,278 55,876 55,876
NET ORGANIZATIONAL COSTS 12,282 11,338 11,338
ACCRUED FINAL DISTRIBUTION 3,955 0 0
ACCRUED INTEREST 0 646 646


TY 2022 OtherDecreasesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 1,873,826
NON-DEDUCTIBLE EXPENSES 16,854


TY 2022 OtherExpensesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EVENTS 20,220 0   0
INVESTMENT FEES 403,683 403,683   0
INSURANCE 29,966 0   0
DUES & SUBSCRIPTIONS 26,888 26,888   0
CONTRACT LABOR 3,725 3,725   0
MISCELLANEOUS 10,718 0   0
OFFICE EXPENSE 10,031 0   0
COMPUTER & TECHNOLOGY 12,921 0   0
INSURANCE - RENTAL 23,363 23,363   0
REPAIRS & MAINTENANCE - RENTAL 17,048 17,048   0
DUES & SUBSCRIPTIONS - RENTAL 480 480   0
COMMISSIONS PAID - RENTAL 1,849 1,849   0
MANAGEMENT FEES - RENTAL 11,042 11,042   0
MISCELLANEOUS - RENTAL 1,005 1,005   0
OFFICE EXPENSE - RENTAL 75 75   0


TY 2022 OtherIncomeSchedule2
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 17,984,103 17,984,103 17,984,103
T/E INCOME FROM K-1'S 48,720 0 48,720
K-1 EXCLUEDED 1202 GAIN 1,590,805 0 1,590,805
PARTNERSHIP INCOME-UBI PORTION 372,116 0 372,116


TY 2022 OtherIncreasesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Amount
PERCENTAGE DEPLETION IN EXCESS OF BASIS 82,988
AT-RISK LIMITATION - DJ-PEI 2,249
DEPLETION W/ BASIS NOT INCLUDED IN PARTNERSHIP BOOK INCOME 733


TY 2022 OtherLiabilitiesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 1,172 2,059
SECURITY DEPOSITS HELD 13,276 13,276
NEGATIVE BASIS IN WESTECH VENTURES I 1,080 1,103
401K CONTRIBUTIONS PAYABLE 0 14,410


TY 2022 OtherNotesLoansRcvblShortSch2
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Name of 501(c)(3) Organization Balance Due
SAN FRANCISCO ZEN CENTER
  		476,599
TEXAS PARKS & WILDLIFE FOUNDATION
  		0


TY 2022 OtherProfessionalFeesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES - RENTAL 27,665 27,665   0


TY 2022 TaxesSchedule
Name:
STILL WATER FOUNDATION
 
C/O PERSONAL ADMINISTRATORS INC
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME & EXCISE TAX 257,645 0   0
STATE TAXES 186 0   0
FOREIGN TAX WITHHELD 90,987 0   0
PAYROLL TAXES 28,588 0   23,304
PROPERTY TAXES - RENTAL 68,539 68,539   0