Form990-PF
Click to see attachment
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Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
CHARLES & LOIS MARIE BRIGHT
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 635001
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NACOGDOCHES, TX759635001
A Employer identification number

75-2717755
B Telephone number (see instructions)

(936) 564-8378
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$31,496,125J 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 bullet.............
3 Interest on savings and temporary cash investments 564,132 268,197  
4 Dividends and interest from securities... 295,730 295,730  
5a Gross rents............ 757 757  
b Net rental income or (loss) 757
6a Net gain or (loss) from sale of assets not on line 10 147,609
b Gross sales price for all assets on line 6a 2,831,687
7 Capital gain net income (from Part IV, line 2)... 147,609
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).......      
12 Total. Add lines 1 through 11........ 1,008,228 712,293  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 25,000 12,500   12,500
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 9,234 8   7
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 59,154 36,537   2,241
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 93,388 49,045   14,748
25 Contributions, gifts, grants paid....... 1,661,661 1,661,661
26 Total expenses and disbursements. Add lines 24 and 25 1,755,049 49,045   1,676,409
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -746,821
b Net investment income (if negative, enter -0-) 663,248
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 2,245,615 2,185,794 2,185,794
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet   3,985,649    
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 8,774,480 Click to see attachment8,852,996 8,018,453
b Investments—corporate stock (attach schedule)....... 7,621,116 Click to see attachment6,825,980 13,196,182
c Investments—corporate bonds (attach schedule)....... 3,261,062 Click to see attachment4,223,404 3,883,794
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 731,113 Click to see attachment1,029,578 1,019,668
14 Land, buildings, and equipment: basis bullet3,172,903
Less: accumulated depreciation (attach schedule) bullet   437,344 Click to see attachment3,172,903 3,172,903
15 Other assets (describe bullet) Click to see attachment5,098 Click to see attachment19,331 Click to see attachment19,331
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 27,061,477 26,309,986 31,496,125
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 1,651,382 1,653,164
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 bullet) Click to see attachment4,670  
23 Total liabilities (add lines 17 through 22)......... 1,656,052 1,653,164
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 27,426,420 27,426,420
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds -2,020,995 -2,769,598
29 Total net assets or fund balances (see instructions)..... 25,405,425 24,656,822
30 Total liabilities and net assets/fund balances (see instructions). 27,061,477 26,309,986
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
25,405,425
2
Enter amount from Part I, line 27a .....................
2
-746,821
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
24,658,604
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,782
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
24,656,822
Form 990-PF (2021)
Form 990-PF (2021)
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 BARCLAYS CERTIFICATE OF DEPOSIT P 2018-10-10 2021-10-12
b 205000 AXOS BANK @ 1.550% P 2020-03-02 2022-03-28
c 900 SHARES OF AMAZON.COM P   2022-08-29
d CROSS RIVER BK @ 1.850% P 2019-10-18 2021-10-25
e 20000 ACTON TX MUD @ 3.0% P 2020-06-26 2022-05-02
60000 ALBUQUERQUE N MEX P 2020-04-20 2022-08-31
35000 JPM MTN P 2021-03-23 2021-11-01
15000 HRRS TX 396 @ 3.0% P 2020-11-30 2022-05-02
40000 BRAZOS TX @ 2.0% P 2020-06-25 2022-09-01
LLANO TX @ 2.0% P 2021-08-23 2021-11-16
3,000 SHARES OF STARBUCKS CORP P   2022-05-27
25000 BRAZOS TX @ 3.25% P 2021-03-15 2022-09-01
50000 JPM MTN P 2019-12-19 2021-12-31
15000 NORTH TX @ 3.0% P 2020-05-04 2022-06-01
20000 DE PERE WI @ .35% P 2021-09-22 2022-09-01
110000 AUSTIN TX COMMNTY @ 2.271% P 2018-10-11 2022-02-01
100000 PORTLAND ORE OR P   2022-06-06
5000 MNTGM TX @ 3.0% P 2021-05-11 2022-09-01
40000 BAYTOWN TX @ 3.0% P 2020-09-24 2022-02-01
15000 MISSOURI TX @ 5.0% P 2020-04-09 2022-06-15
20000 WEATHERFORD TX @ 5.0% P 2020-07-24 2022-09-01
15000 CLUTE TX @ 3.0% P 2020-09-10 2022-02-01
20000 TEXAS STATE @ 5.0% P 2020-04-01 2022-06-15
50000 MN ST SERIES A @ 3.0% P 2021-08-30 2022-09-12
75000 NORTH LITTLE ROCK AR SCHOOL P 2021-07-27 2022-02-01
95000 ARLINGTON TX @ 2.450% P 2019-07-26 2022-08-15
1,900 SHARES OF AMAZON.COM P   2022-09-21
15000 NEW BRAUNFELS TX @ 4.0% P 2020-04-20 2022-02-01
30000 GEORGETOWN TX @ 5.0% P 2020-04-02 2022-08-15
1,725 SHARES OF BOEING P   2022-09-21
20000 SAN ANTONIO TX @ 5.0% P 2020-04-09 2022-02-01
40000 GRANBURY TX @ 4.0% P 2020-04-09 2022-08-15
3,000 SHARES OF INTEL P 2018-06-30 2022-09-21
30000 CEDAR PARK TX @ 3.375% P 2020-08-14 2022-02-15
30000 HARDIN TX @ 3.0% P 2020-06-04 2022-08-15
2,200 SHARES OF SOUTHWEST AIRLINES P   2022-09-21
15000 PARKER TX @ 4.0% P 2020-04-13 2022-02-15
25000 LEWISVILLE TX @ 3.0% P 2021-06-11 2022-08-15
750 SHARES OF 3M CO P   2022-09-21
15000 TYLER TX @ 3.25% P 2020-04-15 2022-02-15
15000 WIMBERLEY TX @ 5.0% P 2020-04-09 2022-08-15
LONG TERM CAPITAL GAIN P 2021-01-01 2022-09-30
15000 CORPUS TX @ 2.875% P 2020-04-14 2022-03-01
25000 SAN MARCOS TX @ 3.375% P 2020-07-24 2022-08-15
(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 142,000   142,000  
b 205,000   205,000  
c 123,063   22,579 100,484
d 245,000   245,000  
e 20,000   20,726 -726
60,000   64,971 -4,971
35,000   35,000  
15,000   15,549 -549
40,000   41,180 -1,180
25,066   25,206 -140
218,033   171,254 46,779
25,000   25,996 -996
50,000   50,000  
15,000   15,440 -440
20,000   20,000  
110,000   106,157 3,843
100,000   100,000  
5,000   5,161 -161
40,000   41,390 -1,390
15,000   16,116 -1,116
20,000   21,924 -1,924
15,000   15,540 -540
20,000   21,475 -1,475
50,000   51,235 -1,235
75,000   75,989 -989
95,000   95,000  
235,560   47,666 187,894
15,000   15,679 -679
30,000   32,062 -2,062
252,183   392,393 -140,210
20,000   21,199 -1,199
40,000   42,050 -2,050
88,220   87,077 1,143
30,000   31,280 -1,280
30,000   31,634 -1,634
78,336   112,564 -34,228
15,000   15,675 -675
25,000   25,800 -800
87,374   105,633 -18,259
15,000   15,510 -510
15,000   16,200 -1,200
31,852     31,852
15,000   15,377 -377
25,000   26,391 -1,391
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        
b        
c       100,484
d        
e       -726
      -4,971
       
      -549
      -1,180
      -140
      46,779
      -996
       
      -440
       
      3,843
       
      -161
      -1,390
      -1,116
      -1,924
      -540
      -1,475
      -1,235
      -989
       
      187,894
      -679
      -2,062
      -140,210
      -1,199
      -2,050
      1,143
      -1,280
      -1,634
      -34,228
      -675
      -800
      -18,259
      -510
      -1,200
      31,852
      -377
      -1,391
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 2 147,609
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 -1,129
Form 990-PF (2021)
Form 990-PF (2021)
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 Bullet 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)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,219
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,219
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 25,400
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 16,181
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet16,181 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • 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
     
    No
    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)
    bulletTX
    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 2021 or the taxable year beginning in 2021? 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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletWANDA RUSSELL Telephone no.bullet (936) 564-8378

    Located atbullet9009 US HWY 59 NORTHNACOGDOCHESTX ZIP+4bullet75965
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, 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 bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    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 2021? .............
    1d
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 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.
    bullet20, 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 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    .........bullet
    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
    C STANLEY JONES PRESIDENT
    000.00     		0 0 0
    PO BOX 631133
    NACOGDOCHES,TX75963
    GREG WILLIAMS VICE PRESIDE
    000.00     		0 0 0
    PO BOX 630887
    NACOGDOCHES,TX75963
    BILLY EARLEY DIRECTOR
    000.00     		0 0 0
    PO BOX 630786
    NACOGDOCHES,TX75963
    JOHN MAST DIRECTOR
    000.00     		0 0 0
    PO BOX 635025
    NACOGDOCHES,TX75963
    KURT SUTTON DIRECTOR
    000.00     		0 0 0
    PO BOX 635025
    NACOGDOCHES,TX75963
    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...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    28,625,419
    b
    Average of monthly cash balances.......................
    1b
    3,014,128
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,622,590
    d
    Total (add lines 1a, b, and c).........................
    1d
    34,262,137
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    34,262,137
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    513,932
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    33,748,205
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,687,410
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    1,687,410
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,219
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,219
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,678,191
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,678,191
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    1,678,191
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,678,191
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 1,651,382
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 1,676,409
    a Applied to 2020, but not more than line 2a 1,651,382
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 25,027
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (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  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,653,164
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    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 2021, enter the date of the ruling ....... bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    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 bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BILLY EARLEY
    PO BOX 635001
    NACOGDOCHES,TX75963
    (936) 564-8378
    bThe form in which applications should be submitted and information and materials they should include:
    NO SET FORMAT REQUIRED
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    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
    AFRICAN AMERICAN HERITAGE PROJECT
    PO BOX 632432
    NACOGDOCHES,TX75963     		NONE PC CLAY HOUSE PROJECT/RESTORATION 10,000
    ANGELINA COLLEGE
    3500 SOUTH FIRST STREET
    LUFKIN,TX75904     		NONE PC SCHOLARSHIPS 1,865
    APPLEBY VOLUNTEER FIRE DEPARMENT
    14760 US-59
    NACOGDOCHES,TX75965     		NONE PC GENERAL OPERATIONS 5,000
    BRIDGES INTERNATIONAL
    12012 TECHNOLOGY BLVD
    102
    AUSTIN,TX78727     		NONE PC ANNUAL CRUSADE FOR CHRIST 10,000
    CAL FARLEY'S BOYS RANCH
    PO BOX 1890
    AMARILLO,TX79105     		NONE PC GENERAL OPERATIONS 10,000
    CALVARY BAPTIST CHURCH
    3732 NE STALLINGS DR
    NACOGDOCHES,TX75965     		NONE PC ONE-TIME DONATION 5,200
    CHRISTIAN WOMEN'S JOB CORP
    902 SE STALLINGS DR STE 4
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 25,000
    CITY OF NACOGDOCHES
    PO BOX 631402
    NACOGDOCHES,TX75963     		NONE PC NACOGDOCHES CRUSHERS DISC GOLF 29,784
    COMMUNITY RX
    1401 S UNIVERSITY DR
    NACOGDOCHES,TX75961     		NONE PC GENERAL OPERATIONS 6,000
    CONCERNED BLACK MEN
    365 CIRCLE 301
    NACOGDOCHES,TX75961     		NONE PC GENERAL OPERATIONS 1,600
    COUNTY OF NACOGDOCHES
    101 W MAIN ST STE 140
    NACOGDOCHES,TX75961     		NONE PC PINEYWOODS FAIR 10,400
    COUNTY OF NACOGDOCHES
    101 W MAIN ST STE 140
    NACOGDOCHES,TX75961     		NONE PC NACOGDOCHES COMMERCIAL HEIFER SHOW 14,000
    COUNTY OF NACOGDOCHES
    101 W MAIN ST STE 140
    NACOGDOCHES,TX75961     		NONE PC PINEYWOODS FAIR JR STEER SHOW 16,000
    CUSHING VOLUNTEER FIRE DEPARTMENT
    782 WALNUT AVENUE
    CUSHING,TX75760     		NONE PC GENERAL OPERATIONS 5,000
    DOUGLASS VOLUNTEER FIRE DEPARTMENT
    15396 W STATE HIGHWAY 21
    DOUGLASS,TX75943     		NONE PC GENERAL OPERATIONS 5,000
    EAST TEXAS FOOD BANK
    3201 ROBERTSON RD
    TYLER,TX75701     		NONE PC GENERAL OPERATIONS 5,000
    FIRST CHRISTIAN CHURCH
    702 N MOUND STREET
    NACOGDOCHES,TX75961     		NONE PC GENERAL OPERATIONS 10,000
    FIRST CHRISTIAN CHURCH
    702 N MOUND STREET
    NACGODOCHES,TX75961     		NONE PC RENOVATION PROJECTS 100,000
    FRIENDS OF HISTORIC NACOGDOCHES
    PO BOX 630411
    NACOGDOCHES,TX75963     		NONE PC THE STORY TELLER'S STATUE 2,721
    FRIENDS OF HISTORIC NACOGDOCHES
    PO BOX 630411
    NACOGDOCHES,TX75963     		NONE PC E J CAMPBELL STATUE 10,000
    GARRISON VOLUNTEER FIRE DEPARTMENT
    364 S B AVE
    GARRISON,TX75946     		NONE PC GENERAL OPERATIONS 5,000
    GLORY GANG MINISTRIES
    PO BOX 630212
    NACOGDOCHES,TX75963     		NONE PC BUS PURCHASE 20,000
    GUIDING EYES FOR THE BLIND
    611 GRANITE SPRINGS ROAD
    YORKTOWN HEIGHTS,NY10598     		NONE PC GENERAL OPERATIONS 5,000
    HEARTBEAT PREGNANCY CENTER
    619 RUSSELL BLVD
    NACOGDOCHES,TX75965     		NONE PC EQUIPMENT PURCHASES 24,000
    HUMANE SOCIETY OF NACOGDOCHES
    COUNTY
    PO BOX 631244
    NACOGDOCHES,TX75963     		NONE PC SPAY & NEUTER PROGRAM 100,000
    HUMANE SOCIETY OF NACOGDOCHES
    COUNTY
    PO BOX 631244
    NACOGDOCHES,TX75963     		NONE PC SIGNAGE PURCHASE 2,000
    JACKSONVILLE COLLEGE
    105 B J ALBRITTON DR
    JACKSONVILLE,TX75766     		NONE PC SCHOLARSHIP 227
    KILGORE COLLEGE
    1100 BROADWAY BLVD
    KILGORE,TX75662     		NONE PC SCHOLARSHIP 692
    LAKE NACOGDOCHES VOLUNTEER FIRE
    DEPARTMENT
    9480 FM 225
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 5,000
    LE TOURNEAU UNIVERSITY
    2100 S MOBBERLY AVE
    LONGVIEW,TX75602     		NONE PC SCHOLARSHIPS 18,000
    LIBERTLOONEYVILLE VOLUNTEER FIRE
    DEPARTMENT
    808 7TH STREET
    CUSHING,TX75760     		NONE PC DISASTER RELIEF SUPPORT 5,000
    LOCO VALLEY VOLUNTEER FIRE
    DEPARTMENT
    316 COUNTY ROAD 217
    NACOGDOCHES,TX75965     		NONE PC DONATION 5,000
    LOVE INC
    PO BOX 630423
    NACOGDOCHES,TX75963     		NONE PC GENERAL OPERATIONS 10,000
    MELROSE VFD
    110 COUNTY ROAD 3311
    NACOGDOCES,TX75961     		NONE PC GENERAL OPERATIONS 15,000
    MILLARD'S CROSSING
    PO BOX 643221
    NACOGDOCHES,TX75963     		NONE PC COTTEN GIN PROJECT 50,000
    MILLARD'S CROSSING
    PO BOX 643221
    NACOGDOCHES,TX75963     		NONE PC COTTON GIN PROJECT 50,000
    MILLARD'S CROSSING
    PO BOX 643221
    NACOGDOCHES,TX75963     		NONE PC FORKLIFT & SUPPLIES PURCHASE 50,000
    MILLARD'S CROSSING
    PO BOX 643221
    NACOGDOCHES,TX75963     		NONE PC COTTON GIN PROJECT 10,000
    MISSION NACNEW HORIZONS
    2611 NORTH STREET
    SUITE 101
    NACOGDOCHES,TX75965     		NONE PC WORK PROJECT PROGRAM 25,000
    NAC FOSTER RESCUE
    1348 CR 770
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 5,000
    NACOGDOCHES AIRPORT IMPROVEMENT
    FOUNDATION
    PO BOX 631133
    NACOGDOCHES,TX75963     		NONE PC GENERAL OPERATIONS 150,000
    NACOGDOCHES COUNTY CHAMBER
    OF COMMERCE
    2516 NORTH STREET
    NACOGDOCHES,TX75965     		NONE PC NOBLE SCHOLAR BANQUET 5,000
    NACOGDOCHES COUNTY CHAMBER
    FOUNDATION
    2516 NORTH STREET
    NACOGDOCHES,TX75965     		NONE PC RAPID CDL 1,000
    NACOGDOCHES COUNTY HOSPITAL
    DISTRICT
    1018 N MOUND ST
    NACOGDOCHES,TX75961     		NONE PC AMBULANCE PURCHASE 96,099
    NACOGDOCHES COUNTY SHERIFF'S OFFICE
    2306 DOUGLASS RD 102
    NACOGDOCHES,TX75964     		NONE PC HONOR GUARD UNIFORMS/EQUIPMENT 15,124
    NACOGDOCHES FEDERATION OF WOMENS
    CLUB
    PO BOX 633113
    NACOGDOCHES,TX75963     		NONE PC RENOVATION OF OLD UNIV. BUILDING 300,000
    NACOGDOCHES SENIOR CENTER
    621 HARRIS STREET
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 10,000
    NINE FLAGS MUSEUM
    200 EAST MAIN STREET
    NACOGDOCHES,TX75961     		NONE PC GENERAL OPERATIONS 2,200
    PANOLA COLLEGE
    1109 W PANOLA ST
    CARTHAGE,TX75633     		NONE PC SCHOLARSHIPS 2,620
    SAVANNAH COLLGE OF ART & DESIGN
    516 DRAYTON ST
    SAVANNAH,GA31401     		NONE PC SCHOLARSHIP 1,000
    SOLID FOUNDATION ASSOCIATION
    2220 E MAIN ST
    NACOGDOCHES,TX75961     		NONE PC CONFERENCE SPONSORSHIP 1,500
    SOLID FOUNDATION ASSOCIATION
    2220 E MAIN ST
    NACOGDOCHES,TX75961     		NONE PC SPONSORSHIP OF KENTUCKY TRIP 7,000
    SOLID FOUNDATION ASSOCIATION
    2220 E MAIN ST
    NACOGDOCHES,TX75961     		NONE PC TITLE SPONSOR FOR BANQUET 2,500
    SOUTH NACOGDOCHES VOLUNTEER FIRE
    DEPARTMENT
    4780 US-59
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 5,000
    STEPHEN F AUSTIN STATE UNIVERSITY
    1936 NORTH STREET
    NACOGDOCHES,TX75962     		NONE PC SCHOLARSHIPS 115,228
    TARLETON STATE UNIVERSITY
    1333 W WASHINGTON ST
    STEPHENVILLE,TX76401     		NONE PC SCHOLARSHIP 17,097
    TEXAS A&M UNIVERSITY
    401 JOE ROUTT BLVD
    COLLEGE STATION,TX77843     		NONE PC SCHOLARSHIPS 32,570
    TEXAS TECH UNIVERSITY
    2500 BROADWAY
    LUBBOCK,TX79409     		NONE PC SCHOLARSHIP 3,226
    TEXAS WOMAN'S UNIVERSITY
    304 ADMINISTRATION DR
    DENTON,TX76204     		NONE PC SCHOLARSHIPS 5,365
    THE FELLOWSHIP OF CHRISTIAN ATHLETE
    2708 SOUTH STREET
    NACOGDOCHES,TX75964     		NONE PC GENERAL OPERATIONS 20,000
    THE UNIVERSITY OF TEXAS AT AUSTIN
    110 INNER CAMPUS DR
    AUSTIN,TX78705     		NONE PC SCHOLARSHIPS 38,737
    THE UNIVERSITY OF TEXAS AT TYLER
    3900 UNIVERSITY BLVD
    TYLER,TX75799     		NONE PC SCHOLARSHIPS 29,081
    THE VILLAGE NAC
    1188 CR 823
    NACOGDOCHES,TX75964     		NONE PC GATE, FENCING, & GENERAL OPERATIONS 75,000
    TYLER JUNIOR COLLEGE
    1327 S BAXER AVE
    TYLER,TX75701     		NONE PC SCHOLARSHIPS 8,825
    UNITED WAY OF NACOGDOCHES COUNTY
    1401 S UNIVERSITY DR
    NACOGDOCHES,TX75961     		NONE PC MATCHING GRANT COMM. COVID SUPPORT 20,000
    WOMENS SHELTER OF EAST TEXAS
    PO BOX 510
    LUFKIN,TX75902     		NONE PC GENERAL OPERATIONS 10,000
    Total .................................bullet 3a 1,661,661
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    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 ...........     		    14 564,132  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     15 757  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 147,609  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   1,008,228  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,008,228
    (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 (2021)
    Form 990-PF (2021)
    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.
    Bullet Bullet
    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 PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AXLEY & RODE, LLP 25,000 12,500   12,500

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Name of Bond End of Year Book Value End of Year Fair Market Value
    100000 ARLINGTON 0.65% 8/15/24 100,000 93,083
    100000 AUSTIN TX 3.245% 9/1/25 108,690 96,411
    100000 SOUTHWEST 3.166% 10/1/25 106,292 95,523
    100000 TEXAS STATE UNI 2.831 3/15/23 102,671 99,272
    110000 AUSTIN TX 2.271% 2/1/22    
    145000 MIDLOTHIAN TX 4% 9/1/25 157,089 139,861
    150000 ARLINGTON TX 2.15% 12/1/23 150,000 145,956
    150000 EL PASO 0.941% 3/1/25 150,636 137,333
    165000 ARLINGTON TX 2.45% 8/15/23 70,000 68,758
    165000 JP MORGAN 1.2% 5/28/26 165,000 138,897
    20000 DE PERE WI 0.35% 9/1/22    
    20000 DE PERE WI 0.5% 9/1/23 20,000 19,288
    200000 ANDERSON 1% 8/1/25 200,000 179,944
    205000 AXOS BANK    
    245000 BMO HARRIS 245,000 223,823
    245000 BMW BK 0.65% 9/17/24 245,000 229,993
    245000 CROSS RIVER BANK    
    25000 ALLEN TX 2.463% 91/26 26,049 22,856
    25000 GENERAL ELECTRIC CAP 27,279 23,721
    25000 MC ALLEN TX 27,069 23,247
    25000 MIDLOTHIAN TX 4% 9/1/24 27,496 24,430
    250000 MAGNOLIA 5% 8/15/26 303,607 250,193
    30000 TEXAS A&M 32,224 29,103
    35000 FFCB 3.54% 3/28/34 36,211 31,110
    35000 JP MORGAN 2.5% 10/31/27    
    40000 ALLEN TX CMNTY DEV 2.623% 38,710 36,084
    40000 MIDLOTHIAN TX 40,882 38,182
    50000 ASHWUABENON WI 50,000 49,256
    50000 JP MORGAN 2.75% 6/23/28    
    75000 SAN ANTNI TX 75,000 72,202
    100000 GOLDMAN SACHS MED TERM NOTE 100,000 94,287
    95000 ASPERMONT TX ISD 5% 2/15/24 104,135 95,527
    125000 FHLB .44% 4/29/24 121,280 117,742
    300000 FHLB 2% 3/28/25 288,765 283,290
    10000 COWETA CNTY GA 2% 6/1/25 10,000 9,346
    65000 HOUSTON TX 0.976% 11/15/25 60,449 58,131
    15000 FHLMC 4% 12/15/25 150,000 146,733
    25000 SAN ANTONIO TX 3.307% 2/1/26 26,761 24,213
    50000 SAN ANTONIO TX 2.273% 2/1/26 48,302 46,754
    10000 MCALLEN TX 0.812% 2/15/26 9,114 8,650
    15000 SAN ANTONIO TX 4% 8/15/26 15,348 14,709
    45000 HARRIS CNTY TX 3.5% 12/1/26 48,888 42,590
    160000 LIVE OAK BANKING 1.8% 2/18/27 160,000 143,801
    140000 FHLB 2.4% 3/25/27 135,594 129,402
    40000 TX STATE 1.33% 2/1/28 34,845 33,909
    45000 CREDIT SUISSE AG (RJ) 45,006 34,074
    50000 HSBC USA, INC (RJ) 50,006 40,725
    60000 UBS AG (RJ) 60,006 50,040
    20000 BANK OF AMERICA CORP (CBTX) 20,000 19,171
    60000 CITIGROUP INC (CBTX) 60,000 57,093
    150000 JP MORGAN CHASE (CBTX) 150,000 145,497
    200000 FHLB 4.5% 9/21/26 20,000 19,584

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO    
    ADOBE SYSTEMS INC 57,766 55,040
    AMAZON 47,666 214,700
    AMEREN CORP 75,102 161,100
    APPLE INC 172,348 917,648
    ATMOS ENERGY CORP 166,819 168,052
    AUTOMATIC DATA PROCESSING INC 84,168 106,309
    BECTON DICKINSON & CO 78,412 155,981
    BERKSHIRE HATHAWAY INC 431,113 747,656
    BOEING CO    
    BRISTOL-MYERS SQUIBB 180,932 227,488
    CATERPILLAR INC 113,948 277,295
    CLOROX COMPANY 192,075 202,856
    CONOCO PHILLIPS 107,653 275,295
    CORTEVA INC 28,355 59,036
    CULLEN FROST BANKERS 317,936 528,880
    DEERE & CO 99,430 495,827
    DOW INC 45,312 45,380
    EMBECTA CORP 1,841 4,031
    EXXON MOBIL 356,082 462,743
    FEDEX CORPORATION 302,971 278,381
    GENUINE PARTS CO 171,878 302,373
    HERSHEY COMPANY 182,008 440,940
    INTEL CORP    
    INVESCO POWERSHARES 352,867 446,324
    JOHNSON & JOHNSON 252,162 377,198
    JP MORGAN CHASE & CO 63,114 104,500
    LOCKHEAD MARTIN COM 199,195 347,661
    LOWES 242,126 593,480
    MICROSOFT CORP 194,233 861,730
    NORFOLK SOUTHERN CORP 227,465 478,002
    NUCOR CORP 263,143 538,695
    ORGANON   772
    PHILLIPS 66 194,890 214,312
    POLARIS INDUSTRIES INC 86,025 102,824
    RAYTHEON TECHNOLOGIES CO 4,434 219,794
    SHERWIN WILLIAMS CO 308,477 691,031
    SOUTHWEST AIRLINES CO    
    SPDR DOW JONES IA 19,976 53,438
    SPDR TR S&P 500 5,867 17,859
    STARBUCKS CORP    
    SYSCO CORP 211,480 309,356
    TEXAS INSTRUMENTS 191,888 434,932
    THE J M SMUCKER CO 245,799 316,043
    TORONTO DOMINION 110,810 153,325
    UNION PAC CORP 189,666 370,158
    WAL-MART STORES 248,548 437,737

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    US Government Securities - End of Year Book Value:

     
    US Government Securities - End of Year Fair Market Value:

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


    8,852,996
    State & Local Government Securities - End of Year Fair Market Value:


    8,018,453


    TY 2021 InvestmentsOtherSchedule2
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    VANUGARD EQUITY INCOME AT COST 644,578 644,085
    BARCLAYS BANK CD 3.05% AT COST    
    CFG CMTY BANK 3.4% CD (CBTX) AT COST 50,000 49,037
    FIRST NAT'L BANK OF AMERICA CD (CBTX AT COST 200,000 195,174
    ISRAEL DISCOUNT BANK CD (CBTX) AT COST 100,000 96,372
    PACIFIC PREMIER CD (CBTX) AT COST 35,000 35,000

    TY 2021 LandEtcSchedule2
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    NACOGDOCHES COUNTY 3,172,903   3,172,903 3,172,903


    TY 2021 OtherAssetsSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE 2,188 240 240
    MINERAL INTEREST 2,910 2,910 2,910
    PREPAID TAXES   16,181 16,181


    TY 2021 OtherDecreasesSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Description Amount
    INCREASE IN GRANTS PAYABLE 1,782


    TY 2021 OtherExpensesSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    PROPERTY INSURANCE 2,722 1,361   1,361
    OFFICE EXPENSE 660 330   330
    INVESTMENT FEES 55,172 55,172    
    ALLOCATE EXPENSES TO T/E INCO   -20,376    
    BANK & BROKER FEES 100 50   50
    OTHER CHARITABLE EXPENSES 500     500


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE 4,670  


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    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    BRIGHT COOP INC   12,500,000   2014-01 2024-01   9.00 %        

    TY 2021 TaxesSchedule
    Name:
    CHARLES & LOIS MARIE BRIGHT
     
    FOUNDATION
    EIN:
    75-2717755
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 15 8   7
    EXCISE TAX 9,219