TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
The Swan Family Charitable Foundation

% Mr Kenneth Swan

Number and street (or P.O. box number if mail is not delivered to street address)730 South Main Street
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Jacksboro, TX76458

A Employer identification number

20-3954964

B Telephone number (see instructions)

(940) 567-1080

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$13,737,376J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	33,267		33,267
4	Dividends and interest from securities...	553,791		553,791
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		500,701
b	Gross sales price for all assets on line 6a 6,596,795
7	Capital gain net income (from Part IV, line 2)...			500,701
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).......	List of Attached Documents: // Content	690	690
12	Total. Add lines 1 through 11........	1,088,449		1,088,449
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	59,696	59,696
17	Interest...............	3		3
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	24,220	1,977
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	43,655	415	43,240
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	127,574		62,091	43,240
25	Contributions, gifts, grants paid.......	604,364			604,364
26	Total expenses and disbursements. Add lines 24 and 25	731,938		62,091	647,604
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	356,511
b	Net investment income (if negative, enter -0-)			1,026,358
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	560,094	1,167,700	1,167,700
	3	Accounts receivable 4,618
		Less: allowance for doubtful accounts		4,618	4,618
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		List of Attached Documents: // Content 585,672	643,912
	b	Investments—corporate stock (attach schedule).......	10,050,178	List of Attached Documents: // Content 9,433,793	10,478,905
	c	Investments—corporate bonds (attach schedule).......	225,000	List of Attached Documents: // Content 750,000	750,700
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,059,418	List of Attached Documents: // Content 309,418	691,541
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,894,690	12,251,201	13,737,376
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		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	11,894,690	12,251,201
	29	Total net assets or fund balances (see instructions).....	11,894,690	12,251,201
	30	Total liabilities and net assets/fund balances (see instructions).	11,894,690	12,251,201

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

11,894,690

Enter amount from Part I, line 27a .....................

356,511

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

12,251,201

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

12,251,201

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Publicly-traded Securities
b	ALKEON - ALKEON GROWTH OFFSHORE FUND LTD	P	2013-02-26	2023-01-09
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,383,820	5,346,094	37,726
b	1,212,975	750,000	462,975
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			37,726
b			462,975
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	500,701
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 ...................		3

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	14,266
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	14,266
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	14,266
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	15,200
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	15,200
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	11
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	923
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax923	Refunded	11

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Mr Kenneth Swan Telephone no. right arrow

(940) 567-1080

Located at right arrow

730 S MainJacksboroTX ZIP+4 right arrow

76458

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

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2023? .............

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)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 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 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Kori Lewis	Dir, VP 1.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kasey Swan	Dir, VP 1.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kenneth R Swan	Pres, Dir, Sec 2.0	0	0	0
730 South Main Street Jacksboro,TX76458	Pres, Dir, Sec 2.0	0	0	0
Rebecca Swan	Dir, VP 2.0	0	0	0
730 South Main Street Jacksboro,TX76458	Dir, VP 2.0	0	0	0

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










Total number of other employees paid over $50,000...................

Form 990-PF (2023)

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
UBS Financial Services	Investment MGMT	59,696
4400 POST OAK PARKWAY 20TH FL HOUSTON,TX77027	Investment MGMT	59,696

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

11,664,545

Average of monthly cash balances.......................

885,788

Fair market value of all other assets (see instructions)................

730,755

Total (add lines 1a, b, and c).........................

13,281,088

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

13,281,088

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

199,216

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

13,081,872

Minimum investment return. Enter 5% (0.05) of line 5................

654,094

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.)

Minimum investment return from Part IX, line 6..................

654,094

Tax on investment income for 2022 from Part V, line 5.......

14,266

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

14,266

Distributable amount before adjustments. Subtract line 2c from line 1............

639,828

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

639,828

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

639,828

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

647,604

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

647,604

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				639,828
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			633,704
b Total for prior years:2021, 2020, 2019
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........
4Qualifying distributions for 2023 from Part
XI, line 4: $ 647,604
a Applied to 2022, but not more than line 2a			633,704
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 2023 distributable amount.....				13,900
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				625,928
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 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....	0

Form 990-PF (2023)

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 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

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).)

Kenneth R Swan

Rebecca Swan

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
5645 JACKSBORO ELEMENTARY PTA 1677 N MAIN ST JACKSBORO,TX76458	N/A	PC	Jacksboro Elementary Life Skills Supplies fund	2,000
BIO-MEDICAL FOUNDATION 206 THORNTON TRL JACKSBORO,TX76458	N/A	PC	General & Unrestricted	10,000
CONCERNED CITIZENS OF JACK CO INC 400 E PINE JACKSBORO,TX76458	N/A	PC	General & Unrestricted	50,000
E Hammond 1007 W Mesquite Jacksboro,TX76458	NONE	I	Short-term Emergency Assistance Grant	5,000
FAITH COMMUNITY HOSPITAL CHARITABLE FOUNDATION 215 CHISHOLM TRAIL JACKSBORO,TX76458	N/A	SO I	General & Unrestricted	100,000
G Francis II 448 Eason Road Jacksboro,TX76458	NONE	I	Short-term Emergency Assistance Grant	5,000
GLADYS JOHNSON RITCHIE PUBLIC LIBRARY INC 626 W COLLEGE ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	5,000
JACK COUNTY FAIR ASSOCIATION PO BOX 486 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	50,300
JACKSBORO HIGH SCHOOL EX-STUDENTS ASSOCIATION PO BOX 337 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	30,000
JACKSBORO PARISH PO BOX 716 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	7,500
JACKSBORO VISION GROUP INC PO BOX 395 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	234,564
JACKSBORO YOUTH SPORTS ASSOCIATION 241 MARK ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	35,000
MONTAGUE COUNTY COWBOY CHURCH PO BOX 4 MONTAGUE,TX76251	N/A	PC	Charitable Event	5,000
PROJECT 4031 INC 708 MAY ST FORT WORTH,TX76104	N/A	PC	General & Unrestricted	5,000
STANDING TOGETHER ON METH PREVENTION PO BOX 425 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	5,000
TARLETON STATE UNIVERSITY FOUNDATION INC BOX T-0950 STEPHENVILLE,TX76402	N/A	PC	General & Unrestricted	50,000
WISE CCC 1650 S FM 51 STE 400 DECATUR,TX76234	N/A	PC	General & Unrestricted	5,000
Total ................................. 3a				604,364

bApproved for future payment

Total ................................. 3b

Form 990-PF (2023)

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	(e) Related or exempt function income (See instructions.)
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	33,267
4 Dividends and interest from securities ....			14	553,791
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	500,701
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aCLASS ACTION LAWSUIT PROCEEDS			01	690
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				1,088,449

13Total. Add line 12, columns (b), (d), and (e)..................

1,088,449

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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 (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2023 DepreciationSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

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

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BARCLAYS BANK - 0.000% - 05/21	150,000	149,700
BARCLAYS BANK PLC CAL LKD 26 -	200,000	201,000
CANADIAN IMPERIAL BANK - 13.16	250,000	249,550
CITIGROUP GLOBAL MKTS HLDGS IN	150,000	150,450

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	33,809	35,002
ABBVIE INC	60,099	59,199
ACCENTURE PLC	72,474	105,975
ADVANCED MICRO DEVICES INC	36,247	54,689
ADVANTEST CORP - ADR	30,698	26,460
ADYEN N.V.	55,285	48,596
ALPHABET INC CL A	118,746	164,695
AMAZON COM	148,601	191,141
AMERICAN EXPRESS CO	47,584	56,389
AMERICAN TOWER REIT INC	55,034	50,732
AMERIPRISE FINANCIAL INC	15,789	37,603
AON PLC CL A	35,070	40,743
APPLE INC	102,110	171,159
APPLIED MATERIALS INC	34,362	48,621
ARCH CAPITAL GROUP LTD	26,710	30,228
ASM INTERNATIONAL NV	25,000	40,498
ASML HOLDING NV NY REG SHS	35,385	80,990
ASTRAZENECA	89,477	90,518
ATLAS COPCO AB A SHS ADR	18,463	30,272
ATLASSIAN CORP CL A	67,415	57,800
BAE SYSTEMS PLC	38,786	42,959
BANK OF NOVA SCOTIA CG-GEARS S	499,999	543,999
BARCLAYS BANK PLC L/O TC-CYN S	150,000	150,150
BARCLAYS SANK PLC LO TC-CYN RT	200,000	197,800
BECTON DICKINSON & CO	54,292	55,106
BNY MELLON CORE PLUS FUND CL I	93,016	79,258
BOFA FINANCE L/O TC-CYN MXEF R	150,000	148,950
BOFA FINANCE L/O TC-CYN MXEF R	150,000	147,150
BOFA FINANCE L/O TC-CYN MXEF R	200,000	198,200
BOFA FINANCE L/O TC-CYN RTY SP	150,000	149,700
BOSTON SCIENTIFIC	24,924	36,131
BROADCOM INC	64,854	117,206
CANADIAN IMPERIAL BANK SPX 09/	379,999	377,529
CANADIAN IMPERIAL BANK UO TC-C	150,000	149,745
CANADIAN IMPERIAL BANK UO TCCY	190,000	182,514
CANADIAN NATURAL RESOURCES LTD	25,234	26,011
CANADIAN PACIFIC RAILWAY LTD	37,055	70,363
CHIPOTLE MEX GRILL	34,530	41,165
CISCO SYSTEMS INC	49,556	51,530
CITIGROUP GLBL MKTS RTY SPX DU	201,500	189,410
CITIGROUP GLOBAL MARKETS UO TC	250,000	248,250
CME GROUP, INC	37,215	44,858
COMPASS GROUP PLC ADR	27,318	26,753
CONOCOPHILLIPS	52,591	49,214
COSTCO WHOLESALE CORPORATION	39,851	53,466
CROWN CASTLE INTL	48,572	40,892
CVS CAREMARK CORP	75,379	62,852
DANAHER CORP	18,366	21,283
EATON VANCE EMERGING MARKETS D	89,295	79,120
ELI LILLY & CO	53,485	86,272
EMERSON ELECTRIC CO	40,706	42,923
EPAM SYSTEMS INC	35,506	22,598
EVOLUTION GAMING GROUP AB ADR	45,970	39,166
EXPERIAN GROUP LTD S/ADR	19,146	38,296
EXXON MOBIL CORP	90,483	82,384
FEDERATED TOTAL RETURN BOND FU	247,604	250,216
FEDEX CORPORATION	45,964	49,329
FERGUSON PLC	32,016	42,862
FERRARI NV	35,310	62,610
GOLDMAN SACHS GROUP	58,485	61,723
GUGGENHEIM TOTAL RETURN BOND F	97,170	92,107
HONEYWELL INTL	23,778	26,004
ICICI BK LTD ADS	31,307	33,448
ICON PLC - AMERICAN DEPOSITARY	45,606	59,728
INTUIT	41,865	60,628
INTUITIVE SURGICAL	25,628	35,760
INVESCO OPPENHEIMER ROCHESTER	248,076	257,647
JP MORGAN CHASE	48,034	60,896
L'OREAL ADR	32,441	34,794
LINDE PLC COM	88,472	111,713
LOCKHEED MARTIN CORP	49,535	46,684
LVMH MOET HENN UNSP	12,463	35,577
MASTERCARD INC	48,847	55,020
MCDONALD'S CORP	57,324	63,157
MERCADOLIBRE, INC	49,493	55,004
META PLATFORMS INC	100,368	118,931
MICROSOFT CORP	149,153	326,778
MORGAN STANLEY	60,019	63,130
MORGAN STANLEY FIN LLC CAL LKD	75,000	72,938
MORGAN STANLEY FIN LLC CL LKD	150,000	150,075
MORGAN STANLEY FINANCE L/O 11/	310,000	302,715
MORGAN STANLEY TA-GEARS SPX 05	499,999	531,249
NESTLE S.A	26,320	35,730
NIKE INC-CL B	52,418	42,668
NORFOLK SOUTHERN CORP	55,778	55,077
NOVO NORDISK A S	38,821	74,070
O'REILLY AUTOMOTIVE INC	16,458	36,103
ORACLE CORP	44,549	49,341
PALO ALTO NETWORKS INC	19,342	36,565
PARKER HANNIFIN CP	21,704	32,249
PERFORMANCE TRUST TOTAL RETURN	107,984	95,517
PROCTER GAMBLE CO	54,328	54,806
PROLOGIS	55,416	64,384
PRUDENTIAL TOTAL RETURN BD FD	158,387	136,135
RAYTHEON TECHNOLOGIES CORP	34,725	30,290
RECURRENT MLP & INFRASTRUCTURE	98,907	123,910
ROCKWELL AUTOMATION INC	14,557	22,976
S&P GLOBAL INC COM	29,171	36,123
SAFRAN SA - UNSPON ADR	34,816	34,421
SALESFORCE.COM	49,085	67,364
SCHLUMBERGER LTD	19,989	29,090
SCHNEIDER ELEC UNSP/ADR	20,632	28,241
SHERWIN-WILLIAMS CO	32,064	48,345
STERIS PLC	20,864	36,715
SYSCO CORP	52,334	45,779
THE COCA-COLA CO	51,422	49,207
THERMO FISHER SCIENTIFIC INC	32,045	36,094
THOMSON REUTERS CORPORATION	23,711	30,121
TJX COMPANIES INC	37,136	55,254
TRAVELERS COMPANIES INC	49,524	50,861
UBS AG	29,475	29,788
UNION PACIFIC	41,577	45,931
UNITED PARCEL SERVICE	43,988	38,836
UNITEDHEALTH GROUP INC	66,561	72,126
VISA INC	62,917	86,436
VOYA STRATEGIC INCOME OPPORTUN	228,253	215,020
WAL-MART STORES INC	60,936	63,218
WASTE CONNECTIONS	28,468	31,048
WELLS FARGO & CO	46,602	49,466
YUM BRANDS INC	32,586	34,364

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

US Government Securities - End of Year Book Value:

585,672

US Government Securities - End of Year Fair Market Value:

643,912

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

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MILLENNIUM INTERNATIONAL HEDGE		309,418	691,541

- TIN:

TY 2023 OtherExpensesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Administrative Fees	43,215		43,215
Bank Charges	415	415
State or Local Filing Fees	25		25

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Class Action Lawsuit Proceeds	690	690

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	59,696	59,696

- TIN:

TY 2023 TaxesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income
990-PF Estimated Tax for 2023	15,200
990-PF Extension for 2022	7,043
Foreign Tax Paid	1,977	1,977