Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
STILL WATER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1606 SAN ANTONIO STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78701
A Employer identification number

47-3532637
B Telephone number (see instructions)

(512) 861-8031
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$151,266,834J 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) 2,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 658,646 658,646  
4 Dividends and interest from securities... 1,103,434 1,103,434  
5a Gross rents............ 211,420 211,420  
b Net rental income or (loss) -29,631
6a Net gain or (loss) from sale of assets not on line 10 1,142,689
b Gross sales price for all assets on line 6a 7,330,575
7 Capital gain net income (from Part IV, line 2)... 1,142,689
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
13,678,619 13,253,881  
12 Total. Add lines 1 through 11........ 16,796,808 16,370,070  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 537,750 152,550   305,813
14 Other employee salaries and wages...... 301,071 2,970   252,620
15 Pension plans, employee benefits....... 40,969 4,647   34,150
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
633,262 440,566   62,938
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
205,688 6,850   6,850
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
45,160 45,160   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
415,396 101,158   30,778
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
166,439 58,377  
20 Occupancy.............. 23,845 10,314   0
21 Travel, conferences, and meetings....... 147,776 147,776   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
567,607 479,267   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,084,963 1,449,635   693,149
25 Contributions, gifts, grants paid....... 15,842,712 11,663,045
26 Total expenses and disbursements. Add lines 24 and 25 18,927,675 1,449,635   12,356,194
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,130,867
b Net investment income (if negative, enter -0-) 14,920,435
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,363,786 13,024,315 13,024,315
3 Accounts receivable right arrow875,000
Less: allowance for doubtful accounts right arrow   250 875,000 875,000
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow430,699
Less: allowance for doubtful accounts right arrow0 476,599 Click to see attachment
List of Attached Documents:
// Content
430,699 		430,699
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 29,524,288 Click to see attachment
List of Attached Documents:
// Content
35,872,616 		35,872,616
c Investments—corporate bonds (attach schedule)....... 13,264,987 Click to see attachment
List of Attached Documents:
// Content
6,704,221 		6,704,221
11 Investments—land, buildings, and equipment: basis right arrow4,068,682
Less: accumulated depreciation (attach schedule) right arrow102,152 3,992,796 Click to see attachment
List of Attached Documents:
// Content
3,966,530 		3,966,530
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 90,930,244 Click to see attachment
List of Attached Documents:
// Content
89,612,799 		89,612,799
14 Land, buildings, and equipment: basis right arrow141,126
Less: accumulated depreciation (attach schedule) right arrow54,022 99,369 Click to see attachment
List of Attached Documents:
// Content
87,104 		87,104
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
593,489 		Click to see attachment
List of Attached Documents:
// Content
693,550 		Click to see attachment
List of Attached Documents:
// Content
693,550
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 147,245,808 151,266,834 151,266,834
Liabilities 17 Accounts payable and accrued expenses.......... 250,779 80,421
18 Grants payable................. 20,688,667 24,868,334
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
30,848 		Click to see attachment
List of Attached Documents:
// Content
17,189
23 Total liabilities (add lines 17 through 22)......... 20,970,294 24,965,944
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 126,275,514 126,300,890
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 126,275,514 126,300,890
30 Total liabilities and net assets/fund balances (see instructions). 147,245,808 151,266,834
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
126,275,514
2
Enter amount from Part I, line 27a .....................
2
-2,130,867
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,167,594
4
Add lines 1, 2, and 3 ..........................
4
126,312,241
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
11,351
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
126,300,890
Form 990-PF (2023)
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 INTUIT INC.   2023-01-01 2023-02-09
b SCHWAB   2023-01-01 2023-05-11
c US TREASURY NOTE 0.125%   2023-01-01 2023-08-15
d NOVO NORDISK   2023-01-01 2023-08-29
e VERALTO CORPORATION   2023-01-01 2023-10-10
RECRUIT HOLDINGS CO. LTD   2023-01-01 2023-10-11
SHNZHOU INTERNATIONAL GROUP HOLDINGS   2023-01-01 2023-10-17
NOVO NORDISK   2023-01-01 2023-11-29
DIAGEO   2023-01-01 2023-12-19
DIAGEO   2023-01-01 2023-12-20
FIRST REPUBLIC BANK   2022-12-12 2023-03-13
REVITTY INC.   2011-12-22 2023-06-05
MEDTRONICS PLC   2015-01-27 2023-07-17
NEWELL BRANDS INC.   2022-03-16 2023-07-17
NATIONAL INSTRUTMENTS   2011-10-05 2023-07-17
NATIONAL INSTRUTMENTS   2011-10-10 2023-07-17
KENVUE INC.   2011-10-05 2023-08-25
KENVUE INC.   2011-10-05 2023-10-31
VOLKSWAGEN AG   2023-01-01 2023-01-13
VOLKSWAGEN AG   2023-01-01 2023-01-13
GOLDEN OCEAN GROUP LTD.   2023-01-01 2023-04-03
A.P. MOLLER - MAERSK   2023-01-01 2023-04-03
GOLDEN OCEAN GROUP LTD.   2023-01-01 2023-04-04
GOLDEN OCEAN GROUP LTD.   2023-01-01 2023-04-04
A.P. MOLLER - MAERSK   2023-01-01 2023-04-04
GOLDEN OCEAN GROUP LTD.   2023-01-01 2023-04-05
GOLDEN OCEAN GROUP LTD.   2023-01-01 2023-04-11
KERING   2023-01-01 2023-05-19
PSI SOFTWARE   2023-01-01 2023-10-25
PSI SOFTWARE   2023-01-01 2023-10-26
PSI SOFTWARE   2023-01-01 2023-10-27
RENTOKIL INITIAL   2023-01-01 2023-12-06
RENTOKIL INITIAL   2023-01-01 2023-12-07
RENTOKIL INITIAL   2023-01-01 2023-12-08
SVB FINANCIAL GROUP   2022-06-21 2023-03-09
SVB FINANCIAL GROUP   2022-07-22 2023-03-09
SVB FINANCIAL GROUP   2022-08-09 2023-03-09
SVB FINANCIAL GROUP   2023-01-04 2023-03-09
VERRA MOBILITY CORP   2022-11-04 2023-03-10
VERRA MOBILITY CORP   2022-11-04 2023-03-17
CATALENT INC.   2022-06-22 2023-03-23
CATALENT INC.   2022-07-13 2023-03-23
CATALENT INC.   2022-10-31 2023-03-23
CATALENT INC.   2022-10-31 2023-04-14
CATALENT INC.   2022-11-29 2023-04-14
ACTIVISION BLIZZARD   2023-05-11 2023-06-14
APTIV   2023-03-14 2023-06-14
ENTEGRIS INC.   2022-09-19 2023-06-14
ENTEGRIS INC.   2022-09-28 2023-06-14
FERGUSON PLC   2022-12-12 2023-06-14
INTUIT   2023-03-17 2023-06-14
PAYPAL HOLDING INC.   2023-03-07 2023-06-14
SHERWIN WILLIAMS CO.   2022-08-12 2023-06-14
ACTIVISION BLIZZARD   2023-05-11 2023-07-14
ACTIVISION BLIZZARD   2023-05-25 2023-07-14
ACTIVISION BLIZZARD   2023-05-25 2023-07-14
VERALTO CORP   2023-05-25 2023-10-03
VERALTO CORP   2023-05-25 2023-10-03
VERALTO CORP   2023-05-25 2023-10-04
AERCAP HOLDINGS NV   2021-12-23 2023-01-04
HALOZYME THERAPEUTIC   2021-12-23 2023-01-04
PALO ALTO NETWORKS   2021-12-23 2023-01-04
MICROSOFT CORP   2021-12-23 2023-01-25
ALPHABET INC.   2021-12-23 2023-02-08
HALOZYME THERAPEUTIC   2021-12-23 2023-03-07
WELLS FARGO & CO.   2021-12-23 2023-03-10
CATALENT INC.   2021-12-23 2023-03-23
AERCAP HOLDINGS NV   2021-12-23 2023-06-14
BAKER HUGHES CO.   2022-03-17 2023-06-14
CLARIVATE PLC   2021-12-23 2023-06-14
DANAHER CORP.   2021-12-23 2023-06-14
IQVIA HOLDINGS INC.   2021-12-23 2023-06-14
MARTIN MARIETTA MATERIAL   2021-12-23 2023-06-14
PALO ALTO NETWORKS   2021-12-23 2023-06-14
PALO ALTO NETWORKS   2021-12-23 2023-06-20
PALO ALTO NETWORKS   2021-12-23 2023-08-07
PALO ALTO NETWORKS   2021-12-23 2023-08-17
VERALTO CORP   2021-12-23 2023-10-03
VERALTO CORP   2022-05-16 2023-10-03
VERALTO CORP   2022-06-28 2023-10-03
IQVIA HOLDINGS INC.   2021-12-23 2023-11-08
PROGRESSIVE CO OHIO   2022-09-08 2023-11-17
CAPITAL GAINS FROM K-1S P 2023-01-01 2023-12-31
FIRST BANCSHARES OF TEXAS   2017-01-01 2023-05-01
FIRST BANCSHARES OF TEXAS   2018-10-01 2023-05-01
FIRST BANCSHARES OF TEXAS   2023-01-01 2023-12-31
LKCM SMALL CAP EQUITY   2023-01-01 2023-12-31
LONZA GROUP AG   2023-01-01 2023-12-31
DSM FIRMENICH AG   2023-01-01 2023-12-31
SWISSCOM AG   2023-01-01 2023-12-31
LONZA GROUP AG   2023-01-01 2023-12-31
SIKA AG   2023-01-01 2023-12-31
SOFTWAREONE HOLDING AG   2023-01-01 2023-12-31
VESTAS WIND SYSTEMS   2023-01-01 2023-12-31
VESTAS WIND SYSTEMS   2023-01-01 2023-12-31
CLARIVATE PLC   2023-01-01 2023-12-31
ABBOTT LABORATORIES   2023-01-01 2023-12-31
ANT ISHARES MSCI ALL COUNTRY   2023-01-01 2023-12-31
ANT ISHARES MSCI ALL COUNTRY   2023-01-01 2023-12-31
ANT ISHARES MSCI ALL COUNTRY   2023-01-01 2023-12-31
MCCORMICK & CO   2023-01-01 2023-12-31
REVVITY INC   2023-01-01 2023-12-31
SALESFORCE INC   2023-01-01 2023-12-31
SALESFORCE INC   2023-01-01 2023-12-31
SKANINAVISKA ENSKILDA BANKEN   2023-01-01 2023-12-31
CSDR SD COMP P17777   2023-01-01 2023-12-31
PROSPERITY BANCSHARES   2023-01-01 2023-12-31
DORCHESTER MINERALS   2023-01-01 2023-12-31
(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 118,737   97,152 21,585
b 85,076   144,631 -59,555
c 235,000   227,078 7,922
d 121,637   23,235 98,402
e 18,646   22,366 -3,720
120,294   108,817 11,477
99,645   195,491 -95,846
31,621   5,630 25,991
128,030   123,678 4,352
51,458   49,444 2,014
13,041   59,631 -46,590
107,362   18,426 88,936
38,452   33,858 4,594
21,149   49,346 -28,197
81,706   33,867 47,839
11,348   4,774 6,574
5   2 3
10,282   4,295 5,987
245,336   344,054 -98,718
33,141   46,591 -13,450
18,901   15,182 3,719
143,003   107,112 35,891
31,248   25,421 5,827
45,336   37,523 7,813
33,016   25,125 7,891
4,999   4,176 823
78,786   65,345 13,441
407,825   341,925 65,900
76,890   96,842 -19,952
51,814   65,389 -13,575
150,354   190,665 -40,311
193,562   268,869 -75,307
245,861   348,995 -103,134
107,613   151,398 -43,785
14,221   55,716 -41,495
7,214   26,332 -19,118
5,153   20,737 -15,584
9,790   22,836 -13,046
45,467   35,614 9,853
53,704   41,752 11,952
15,346   25,090 -9,744
20,547   33,329 -12,782
16,180   16,635 -455
5,237   7,459 -2,222
53,433   56,527 -3,094
976   923 53
10,427   11,501 -1,074
11,525   9,489 2,036
13,559   10,613 2,946
901   768 133
7,575   7,047 528
7,170   8,465 -1,295
15,306   15,556 -250
31,686   26,777 4,909
6,556   5,535 1,021
6,647   5,606 1,041
4,342   4,444 -102
4,290   4,397 -107
78   80 -2
60,188   65,700 -5,512
56,303   41,824 14,479
15,460   20,980 -5,520
49,581   69,440 -19,859
42,855   63,209 -20,354
104,972   95,906 9,066
138,695   164,300 -25,605
51,495   100,849 -49,354
9,518   10,088 -570
11,259   13,160 -1,901
27,751   76,297 -48,546
7,191   9,614 -2,423
16,058   20,958 -4,900
10,210   10,582 -372
23,946   18,919 5,027
4,316   3,372 944
96,742   84,482 12,260
39,976   35,966 4,010
12,221   17,562 -5,341
1,664   1,837 -173
3,146   3,588 -442
24,642   34,651 -10,009
80,346   64,861 15,485
485,770     485,770
189,350     189,350
47,338   43,015 4,323
15     15
4,073     4,073
440     440
971     971
157,765   125,604 32,161
84,081   101,251 -17,170
56,193   22,213 33,980
47,205   86,658 -39,453
31,366   66,192 -34,826
31,366   54,491 -23,125
23,091   87,710 -64,619
59,103   65,316 -6,213
53,870   81,310 -27,440
32,452   46,176 -13,724
21,418   29,693 -8,275
58,036   55,030 3,006
46,938   41,847 5,091
41,734   32,630 9,104
41,734   46,959 -5,225
200,000   201,000 -1,000
37     37
516,482   183,085 333,397
682,708     682,708
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       21,585
b       -59,555
c       7,922
d       98,402
e       -3,720
      11,477
      -95,846
      25,991
      4,352
      2,014
      -46,590
      88,936
      4,594
      -28,197
      47,839
      6,574
      3
      5,987
      -98,718
      -13,450
      3,719
      35,891
      5,827
      7,813
      7,891
      823
      13,441
      65,900
      -19,952
      -13,575
      -40,311
      -75,307
      -103,134
      -43,785
      -41,495
      -19,118
      -15,584
      -13,046
      9,853
      11,952
      -9,744
      -12,782
      -455
      -2,222
      -3,094
      53
      -1,074
      2,036
      2,946
      133
      528
      -1,295
      -250
      4,909
      1,021
      1,041
      -102
      -107
      -2
      -5,512
      14,479
      -5,520
      -19,859
      -20,354
      9,066
      -25,605
      -49,354
      -570
      -1,901
      -48,546
      -2,423
      -4,900
      -372
      5,027
      944
      12,260
      4,010
      -5,341
      -173
      -442
      -10,009
      15,485
      485,770
      189,350
      4,323
      15
      4,073
      440
      971
      32,161
      -17,170
      33,980
      -39,453
      -34,826
      -23,125
      -64,619
      -6,213
      -27,440
      -13,724
      -8,275
      3,006
      5,091
      9,104
      -5,225
      -1,000
      37
      333,397
      682,708
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 1,142,689
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  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 207,394
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 207,394
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 207,394
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 290,480
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 440,480
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 233,086
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow233,086 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? 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
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowPAM LAWRENCE Telephone no.right arrow (512) 861-8031

Located atright arrow1606 SAN ANTONIO STREETAUSTINTX ZIP+4right arrow78701
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowUK, SZ
Form 990-PF (2023)
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
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 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.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JULIA M WILKINSON CHAIRMAN/PRESIDENT
5.00 		0 0 0
1606 SAN ANTONIO STREET
AUSTIN,TX78701
JAMES A FLIELLER TREASURER
8.00 		150,000 0 0
3129 HONEY TREE LANE
AUSTIN,TX78746
DUNCAN E OSBORNE VP/SECRETARY
12.00 		0 0 0
3800 N LAMAR BLVD STE 350
AUSTIN,TX78756
ELLEN O RAY CEO
55.00 		387,750 23,233 0
3405 SHINOAK DRIVE
AUSTIN,TX78731
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
KATHRYN SAUER PROGRAM OFFICER
40.00 		107,269 0 0
6000 SHEPHERD MOUNTAIN CV 608
AUSTIN,TX78730
LISA M JACOBS PROGRAM ASSOCIATE
40.00 		85,615 0 0
2212 DEL CURTO ROAD UNIT A
AUSTIN,TX78704
REBECCA L TORRENCE OFFICE MANAGER
40.00 		80,769 0 0
8610 TIP TOP DR
JONESTOWN,TX78645
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
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
OSBORNE HELMAN SCOTT KNISELY & STANTON LEGAL 650,406
3800 N LAMAR BLVD STE 350
AUSTIN,TX78756
PERSONAL ADMINISTRATORS INC ADMINISTRATIVE & ACCOUNTING 136,996
3939 BEE CAVE ROAD C-100
AUSTIN,TX78746
SW MITCHELL CAPITAL INVESTMENT MANAGEMENT FEES 126,885
38 JERMYN STREET
LONDON   SW1Y 6DN
UK
CONDLEY & COMPANY LLP AUDIT & TAX SERVICES 69,017
PO BOX 2993
ABILENE,TX79604
TERRY MCDANIEL & CO INVESTMENT MANAGEMENT FEES 66,674
2630 EXPOSITION BLVD STE 300
AUSTIN,TX78703
Total number of others receiving over $50,000 for professional services.............right arrow3
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
45,326,246
b
Average of monthly cash balances.......................
1b
8,595,775
c
Fair market value of all other assets (see instructions)................
1c
95,067,921
d
Total (add lines 1a, b, and c).........................
1d
148,989,942
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
148,989,942
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,234,849
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
146,755,093
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,337,755
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
7,337,755
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
207,394
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
207,394
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,130,361
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,130,361
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,130,361
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
12,356,194
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
12,356,194
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 7,130,361
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 5,311,003
b From 2019...... 6,984,307
c From 2020...... 7,854,956
d From 2021...... 939,678
e From 2022...... 6,659,984
f Total of lines 3a through e ........ 27,749,928
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 12,356,194
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 7,130,361
e Remaining amount distributed out of corpus 5,225,833
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 32,975,761
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		5,311,003
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		27,664,758
10 Analysis of line 9:
a Excess from 2019.... 6,984,307
b Excess from 2020.... 7,854,956
c Excess from 2021.... 939,678
d Excess from 2022.... 6,659,984
e Excess from 2023.... 5,225,833
Form 990-PF (2023)
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 or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
JULIA M WILKINSON
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
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)
aPaid during the year

ABILENE CHRISTIAN UNIVERSITY

1600 CAMPUS CT
ABILENE,TX79601 		NONE PC CHARITABLE - FOR DEVELOPMENT OF A STRATEGIC COLLBORATION PLAN FOR LIBRARY INSTITUTIONS 20,000

ABILENE HERITAGE SQUARE

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

ALL KIND ANIMAL INITIATIVE

610 E SOUTH 11TH ST
ABILENE,TX79602 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

AUSTIN CLASSICAL GUITAR

PO BOX 4072
AUSTIN,TX78765 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 35,000

AUSTIN FILM SOCIETY

1901 E 51ST ST
AUSTIN,TX78723 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

AUSTIN ZEN CENTER

3014 WASHINGTON SQUARE
AUSTIN,TX78705 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 35,000

BAMBERGER RANCH PRESERVE

2341 BLUE RIDGE DR
JOHNSON CITY,TX78636 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

BLANTON MUSEUM OF ART

200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 1,025,000

BROOKWOOD IN GEORGETOWN

905 N CHURCH ST
GEORGETOWN,TX78626 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 250,000

CASETA

PO BOX 3726
SAN ANGELO,TX76902 		NONE PC CHARITABLE - TO SUPPORT THE 2024 SYMPOSIUM. 20,000

CHARLES MOORE FOUNDATION

2102 QUARRY ROAD
AUSTIN,TX78703 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

CIBOLO CENTER FOR CONSERVATION

140 CITY PARK ROAD
BOERNE,TX78006 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 80,000

CONFLUENCE ZEN CENTER

7112 ST JAMES SQUARE
ST LOUIS,MO63143 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 7,000

CONSERVATION HISTORY ASSOCIATION OF TEXAS

1304 MARIPOSA DR
AUSTIN,TX78704 		NONE PC CHARITABLE - FOR TEXAS FAUNA PROJECT 15,000

CONSPIRARE

1812 CENTRE CREEK DR STE 110
AUSTIN,TX78754 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000

CONTEMPORARY AUSTIN

700 CONGRESS AVE
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT THE 2023 ART DINNER. 10,000

CONTEMPORARY AUSTIN

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

DENNIS M O'CONNOR PUBLIC LIBRARY

815 COMMERCE ST
REFUGIO,TX78377 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 27,000

DOWN HOME RANCH

20250 FM 619
ELGIN,TX78621 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

EASTLAND CENTENNIAL MEMORIAL LIBRARY

210 S LAMAR ST
EASTLAND,TX76448 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 25,000

FOUNDATION COMMUNITIES

3000 S I-35 STE 300
AUSTIN,TX78704 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 125,000

GILBERT & SULLIVAN

PO BOX 684542
AUSTIN,TX78768 		NONE PC CHARITABLE - TO SUPPORT SUMMER 2023 PRODUCTION OF THE MCADO 10,000

GLADYS JOHNSON RITCHIE MEMORIAL LIBRARY

626 W COLLEGE ST
JACKSBORO,TX76458 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 25,000

GREAT SPRINGS PROJECT INC

409 W 14TH ST
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT CONSTRUCTION OF THE EMERALD CROWN TRAIL. 25,000

HILL COUNTRY ALLIANCE

PO BOX 151675
AUSTIN,TX78715 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

HILL COUNTRY CONSERVANCY

PO BOX 163125
AUSTIN,TX78716 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 157,000

HOUSTON ZEN CENTER

1605 HEIGHTS BLVD
HOUSTON,TX77008 		NONE PC CHARITABLE - TO SUPPORT DEVELOPMENT OF NEW CAMPUS AND RETREAT CENTER. 130,000

JAMES DICK FOUNTATION FOR THE PERFORMING ARTS

PO BOX 89
ROUNT TOP,TX78954 		NONE PC CHARITABLE - TO SUPPORT POETRY AT ROUND TOP FESTIVAL 5,000

LAND TRUST ALLIANCE

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		NONE PC CHARITABLE - TO BE USED TO SUPPORT THE TEXAS LAND TRUST ADVANCEMENT INITIATIVE. 75,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN

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

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN

2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE ENDOWMENT CAMPAIGN. 1,000,000

MD ANDERSON CANCER CENTER

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

MINDPOP

7112 BURNET RD UNIT B
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 125,000

NEILL-COCHRAN HOUSE MUSEUM

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

OLD JAIL ART CENTER

201 SOUTH 2ND STREET
ALBANY,TX76430 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND. 410,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - TO SUPPORT EDNA THEATER DEVELOPMENT. 45,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - FOR TEXANA ARTS COUNCIL BUSINESS PLANNING 45,000

PHILANTHROPY SOUTHWEST

PO BOX 660327
AUSTIN,TX78766 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 15,000

PRINTAUSTIN COLLECTIVE

916 SPRINGDALE ROAD BLDG 1 UNIT 218
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 15,000

PROJECT SCHOOLHOUSE

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

RETINA FOUNDATION

9600 N CENTRAL EXPY SUITE 200
DALLAS,TX75231 		NONE PC EDUCATION - TO SUPPORT AGE-RELATED MACULAR DEGENERATION RESEARCH. 250,000

ROMA PUBLIC LIBRARY STARR COUNTY GENERAL FUND

1705 N ATHENS ST
ROMA,TX78584 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 40,000

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 354,045

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - TO SUPPORT THE TASAJARA WINTER 2023 PRACTICE. 200,000

SANTA FE CHAMBER MUSIC FESTIVAL

PO BOX 2227
SANTA FE,NM87504 		NONE PC CULTURAL - TO SUPPORT THE ANNUAL DONOR FUND. 50,000

SHERMAN COUNTY PUBLIC LIBRARY

719 N MAIN
STRATFORD,TX79084 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 25,000

SKYSTONE FOUNDATION

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

ST AUSTIN CATHOLIC CHURCH

2026 GUADALUPE ST
AUSTIN,TX78705 		NONE PC CHARITABLE - TO SUPPORT THE SPIRIT OF PEACE ART PROJECT. 30,000

ST JOHN'S COLLEGE

1160 CAMINO CRUZ BLANCA
SANTA FE,NM87505 		NONE PC EDUCATIONAL - TO SUPPORT FINANCIAL AID FOR THE STUDENTS ON THE SANTA FE CAMPUS. 250,000

ST LOUISE HOUSE

PO BOX 150637
AUSTIN,TX78715 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE ANNUAL FUND 25,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE CAPITAL CAMPAIGN. 500,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 3,000,000

SUL ROSS STATE UNIVERSITY

US-90
ALPINE,TX79832 		NONE PC CHARITABLE - TO SUPPORT THE WATER IN THE DESERT CONFERENCE. 10,000

SUTTON COUNTY PUBLIC LIBRARY

305 E MULBERRY ST
SONORA,TX76950 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 40,000

TALITHA KOUM INSTITUTE

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

TEXAN BY NATURE

3500 JEFFERSON ST STE 301
AUSTIN,TX78731 		NONE PC CHARITABLE - TO SUPPORT THE SUSTAINABILITY FUND. 250,000

TEXAN BY NATURE

3500 JEFFERSON ST STE 301
AUSTIN,TX78731 		NONE PC CHARITABLE - TO SUPPORT THE CONSERVATION PARTNERS PROGRAM. 100,000

TEXAS A&M UNIVERSITY CORPUS CHRISTI

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

TEXAS AGRICULTURAL LAND TRUST

1919 OAKWELL FARMS PKWY 100
SAN ANTONIO,TX78218 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

TEXAS ARCHIVE OF THE MOVING IMAGE

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

TEXAS BEEF INITIATIVE

PO BOX 189
DRIPPING SPRINGS,TX78720 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

TEXAS BOOK FESTIVAL

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

TEXAS STATE HISTORY MUSEUM FOUNDATION

PO BOX 12456
AUSTIN,TX78711 		NONE PC EDUCATIONAL - FOR 2023 TEXAS INDEPENDENCE DAY DINNER. 25,000

TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION

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

TEXAS WATER FOUNDATION

PO BOX 13252
AUSTIN,TX78711 		NONE PC CHARITABLE - TO EXPAND THE REACH OF THE TEXAS RUNS ON WATER CAMPAIGN. 40,000

TEXAS WATER TRADE

611 S CONGRESS AVE STE 250
AUSTIN,TX78704 		NONE PC CULTURAL - IN SUPPORT OF FORT STOCKTON'S HERITAGE TOURISM DEVELOPMENT PLAN. 75,000

THE GRACE MUSEUM

102 CYPRESS ST
ABILENE,TX79601 		NONE PC CHARITABLE - FOR EXHIBITION SUPPORT. 80,000

THE TRAIL CONSERVANCY

1333 SHORE DISTRICT DR STE 602
AUSTIN,TX78741 		NONE PC CHARITABLE - TO SUPPORT PHASE ONE OF THE SEAHOLM RENOVATION PROJECT 25,000

THE UNIVERSITY OF TEXAS AUSTIN CIVITAS INSTITUTE

302 W 24TH ST
AUSTIN,TX78712 		NONE PC EDUCATIONAL - TO SUPPORT THE STUDENT EXCELLENCE FUND. 100,000

TOUCHSTONES DISCUSSION PROJECT

143 LOG CANOE CIR
STEVENSVILLE,MD21666 		NONE PC CHARITABLE - TO SUPPORT BUSINESS PLAN DEVELOPMENT FOR LONG TERM SUSTAINABILITY. 90,000

TRAVIS COUNTY PARKS FOUNDATION

314 W 11TH ST STE 200B
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT TRAIL SYSTEM MAPPING. 8,000

TREEFOLKS

PO BOX 1395
DEL VALLE,TX78617 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

WACO FOUNDATION

1227 N VALLEY MILLS DR 235
WACO,TX76710 		NONE PC CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADMINISTRATIVE FUND 50,000

WATER FINANCE EXCHANGE

1455 PENNSYLVANIA AVE NW STE 400
WASHINGTON,DC20004 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

WATER FOUNDATION

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

WATERLOO GREENWAY CONSERVANCY

1111 RED RIVER ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

WILDLIFE HABITAT FEDERATION

PO BOX 75
CAT SPRING,TX78933 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000
Total .................................right arrow 3a 11,663,045
bApproved for future payment

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

ABILENE ZOOLOGICAL SOCIETY
2070 ZOO LN
ABILENE,TX79602 		NONE PC CHARITABLE - TO SUPPORT A BOLD ADVENTURE CAPITAL CAMPAIGN 500,000

AUSTIN CHAMBER MUSIC CENTER
7600 BURNET ROAD SUITE 190
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

AUSTIN COMMUNITY FOUNDATION
4315 GUADALUPE STREET SUITE 300
AUSTIN,TX78751 		NONE PC CHARITABLE - TO SUPPORT THE FRIENDS OF THE ELIZABETH NEY MUSEUM 25,000

BARTON SPRINGS CONSERVANCY
603 W 13TH ST STE 2-F
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT BARTON SPRINGS BATHHOUSE CONSTRUCTION. 100,000

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

BROOKWOOD IN GEORGETOWN
905 N CHURCH ST
GEORGETOWN,TX78626 		NONE PC CHARITABLE - TO SUPPORT CAPITAL CAMPAIGN. 250,000

HARDIN-SIMMONS UNIVERSITY
2200 HICKORY ST
ABILENE,TX79601 		NONE PC EDUCATIONAL - TO SUPPORT NEW NURSING FACILITIES. 1,000,000

HEADWATERS AT THE COMAL
333 E KLINGEMANN ST
NEW BRAUNFELS,TX78130 		NONE PC CHARITABLE - IN SUPPORT OF THE PHASE 2 CAPITAL CAMPAIGN. 50,000

HENDRICK HEALTH
1900 PINE ST
ABILENE,TX79601 		NONE PC CHARITABLE - TO SUPPORT WEST TEXAS CARE COLLABORATIVE. 500,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN
2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE ENDOWMENT CAMPAIGN. 1,000,000

MINDPOP
7112 BURNET RD UNIT B
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 200,000

PHILANTHROPY ADVOCATES
PO BOX 660327
AUSTIN,TX78766 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

SAN FRANCISCO ZEN CENTER
300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 2,833,334

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

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

ST STEPHEN'S EPISCOPAL SCHOOL
6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 11,500,000

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

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

TEXAS STATE HISTORY MUSEUM FOUNDATION
PO BOX 12456
AUSTIN,TX78711 		NONE PC EDUCATIONAL - FOR GENERAL OPERATING SUPPORT. 25,000

THE UNIVERSITY OF TEXAS - BLANTON MUSEUM
PO BOX 7458
AUSTIN,TX78713 		NONE PC EDUCATIONAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 1,000,000

WACO FOUNDATION
1227 N VALLEY MILLS DR 235
WACO,TX76710 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 100,000

WATERLOO GREENWAY CONSERVANCY
1111 RED RIVER ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 1,500,000

WEST TEXAS REHAB CENTER
4601 HARTFORD ST
ABILENE,TX79605 		NONE PC CHARITABLE - TO SUPPORT CAPITAL CAMPAIGN. 1,000,000
Total ................................. right arrow 3b 24,868,334
Form 990-PF (2023)
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
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 ........... 		    14 658,646  
4 Dividends and interest from securities ....     14 1,103,434  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -29,631  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 13,253,881  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,142,689  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME-UBI PORTION 		211100 424,738      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 424,738 16,129,019 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,553,757
(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 (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & TAX SERVICES 68,692 0   0
ACCOUNTING SERVICES 136,996 6,850   6,850

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

TY 2023 DepreciationSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTERS 2019-05-14 6,790 4,980 SL 5.000000000000 1,358 0    
FURNITURE AND FIXTURES 2019-06-03 48,525 17,388 SL 10.000000000000 4,853 0    
LEASEHOLD IMPROVEMENTS 2019-06-11 80,614 19,257 SL 15.000000000000 5,374 0    
DUPLEX LAND 2020-01-21 931,974   L   0 0    
OFFICE BUILDING LAND 2020-01-21 1,015,256   L   0 0    
RESTAURANT LAND 2020-01-21 1,070,778   L   0 0    
DUPLEX BUILDING 2020-01-21 412,659 30,089 SL 40.000000000000 10,316 10,316    
OFFICE BUILDING 2020-01-21 310,140 22,615 SL 40.000000000000 7,754 7,754    
RESTAURANT BUILDING 2020-01-21 252,435 18,407 SL 40.000000000000 6,311 6,311    
DUPLEX HVAC 2020-05-27 26,700 1,724 SL 40.000000000000 668 668    
DUPLEX IMPROVEMENTS 2020-10-12 9,600 540 SL 40.000000000000 240 240    
OFFICE BUILDING HVAC 2020-04-02 24,720 1,700 SL 40.000000000000 618 618    
OFFICE BUILDING FOUNDATION 2020-10-12 14,420 810 SL 40.000000000000 360 360    
COMPUTERS 2022-11-17 1,600 54 SL 5.000000000000 320 0    
FURNITURE AND FIXTURES 2022-10-17 2,202 55 SL 10.000000000000 220 0    
FURNITURE AND FIXTURES 2022-11-17 1,395 23 SL 10.000000000000 140 0    

TY 2023 GeneralExplanationAttachment
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Identifier Return Reference Explanation
OFFICER COMPENSATION PART VI-B AND PART VII JAMES FLIELLER IS A BOARD MEMBER THAT HAS TAKEN COMPENSATION IN PRIOR YEARS. THE $150,000 REPORTED ON THIS RETURN IS A PAYMENT FOR ONE YEAR OF SERVICE.DUNCAN OSBORNE IS A BOARD MEMBER OF THE FOUNDATION BUT ALSO PROVIDES LEGAL SERVICES THROUGH HIS FIRM OSBORNE, HELMAN, SCOTT, KNISLEY & STANTON LLP. HE IS NOT SEPARATELY COMPENSATED AS A BOARD MEMBER. THE PAYMENTS TO HIS FIRM ARE INCLUDED IN PART VII AS A HIGHLY COMPENSATED CONTRACTORS.PATTI O'MEARA IS A BOARD MEMBER OF THE FOUNDATION BUT SHE PROVIDES VARIOUS ACCOUNTING AND ADMINISTRATIVE SERVICES THROUGH HER FIRM PERSONAL ADMINISTRATORS, INC. SHE IS NOT SEPARATELY COMPENSATED AS A BOARD MEMBER. THE PAYMENTS TO HER FIRM ARE INCLUDED IN PART VII AS A HIGHLY COMPENSATED CONTRACTOR.

TY 2023 InvestmentsCorpBondsSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of Bond End of Year Book Value End of Year Fair Market Value
.375% ESM 20-25 NTS-S 09/25 186,790 186,790
1.75% HENKEL 21-26 NTS-S 183,640 183,640
1.75% LANDWIRTSCHAFTLICHE RETENBANK 20-27 NTS SERIES 1192 186,510 186,510
US TREASURY NT 2.250% 10/31/24 3,013,106 3,013,106
US TREASURY NT 3.000% 10/31/25 2,978,992 2,978,992
6.125% SIEMENS FIN 06-26 NTS-S 155,183 155,183

TY 2023 InvestmentsCorpStockSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 97,962 97,962
ACCENTURE PLC 105,273 105,273
AERCAP HOLDINGS 291,037 291,037
AIA GROUP LIMITED 130,769 130,769
AIR PROD & CHEMICALS 109,520 109,520
AKAMAI TECHNOLOGIES 118,350 118,350
ALCON INC 210,896 210,896
ALLSTATE 79,789 79,789
ALPHABET INC. 904,262 904,262
AMAZON.COM INC 697,708 697,708
AMPHENOL CORP 257,829 257,829
ANTOFAGASTA 822,529 822,529
AON PLC 215,277 215,277
APPLE INC 525,607 525,607
APTIV PLC 159,432 159,432
ASHTEAD GROUP ORD GBP0.1 139,254 139,254
BAKER HUGHES CO 225,520 225,520
BALL CORP 341,840 341,840
BANK OF AMERICA CORP 120,202 120,202
BARRY CALLEBAUT - NAMEN 67,530 67,530
BASF SE 698,890 698,890
BNP PARIBAS 896,530 896,530
CARREFOUR SA 792,472 792,472
CATALENT INC 120,952 120,952
CINTAS CORP 210,931 210,931
CLARIVATE PLC 190,395 190,395
COCA-COLA US 279,903 279,903
COLGATE-PALMOLIVE CO 97,246 97,246
COMMERZBANK AG 1,003,295 1,003,295
COMPASS GROUP PLC 780,498 780,498
CULLEN FROST BANKERS 112,830 112,830
DANAHER CORP 550,654 550,654
DANONE 722,999 722,999
DEUTSCHE BANK AG 716,048 716,048
DSM - FIRMENICH - NAMEN 101,770 101,770
ECOLAB INC 85,291 85,291
EDENRED 389,924 389,924
EMERSON ELECTRIC CO 102,197 102,197
ENTEGRIS INC 209,685 209,685
EQUINIX INC 132,889 132,889
ESSILORLUXOTTICA 540,714 540,714
ESTEE LAUDER CO INC 62,156 62,156
EUROFINS SCIENTIFIC SE 538,023 538,023
EXPERIAN PLC ORD 163,270 163,270
FERGUSON PLC NEW 258,907 258,907
FRANKLIN ELECTRIC CO 80,220 80,220
GEBERIT - NAMEN 128,257 128,257
GIVAUDAN AG - NAMEN 211,403 211,403
GLAXOSMITHKLINE 658,653 658,653
HOME DEPOT INC 204,465 204,465
HONEYWELL INTERNATIONAL INC 132,117 132,117
INTESA SANPAOLO S.P.A. 683,814 683,814
INTUIT INC 222,511 222,511
INTUITIVE SURGICAL, INC. 242,909 242,909
IQVIA HOLDINGS INC 228,141 228,141
JOHNSON & JOHNSON 83,229 83,229
JPMORGAN CHASE & CO 439,114 439,114
KEYENCE CORPORATION 176,034 176,034
KIMBERLY-CLARK CORP 59,540 59,540
KUHNE & NAGEL INTERNATIONAL - NAMEN 131,022 131,022
L3HARRIS TECHNOLOGIES INC 90,567 90,567
LEGRAND SA 522,691 522,691
LILLY ELI & CO 116,584 116,584
LINDE PLC 271,946 271,946
LINDT & SPRUNGLI - PS 204,081 204,081
LKCM SMALL CAP EQUITY 150,840 150,840
LKCM SMALL MID CAP EQUITY 147,346 147,346
LLOYDS BANKING GROUP 659,120 659,120
LOGITECH INTERNATIONAL - NAMEN 50,295 50,295
LONZA GROUP AG 134,525 134,525
LVMH MOET HENNESSY VUITTON 235,062 235,062
MARTIN MARIETTA MATERIALS 457,002 457,002
MERCK & CO 54,510 54,510
METTLER TOLEDO INTERNATIONAL 84,907 84,907
MICROSOFT CORP 986,672 986,672
MOODY'S CORP 199,186 199,186
NESTLE 568,809 568,809
NEXT 212,143 212,143
NIKE INC 118,341 118,341
NOVARTIS - NAMEN 252,439 252,439
NOVO NORDISK A/S 204,981 204,981
NVIDIA 173,327 173,327
PALO ALTO NETWORKS 146,260 146,260
PAYPAL HOLDINGS INC 247,604 247,604
PEPSICO INC 118,888 118,888
POOL CORPORATION 159,538 159,538
PROCTER & GAMBLE 68,874 68,874
PROGRESSIVE CO OHIO 391,278 391,278
RIO TINTO 208,519 208,519
ROCHE HOLDING - GS 212,356 212,356
ROCHE HOLDINGS AG 721,383 721,383
ROCKWELL AUTOMATION 99,354 99,354
ROPER TECHNOLOGIES 87,227 87,227
S&P GLOBAL INC 233,565 233,565
SANDOZ GROUP - NAMEN 16,098 16,098
SAP SE 662,491 662,491
SCHINDLER HOLDING 62,552 62,552
SERVICENOW 70,649 70,649
SGS - NAMEN 43,153 43,153
SHENZHOU INTERNATIONAL HOLDINGS GROUP 50,648 50,648
SHERWIN WILLIAMS CO 251,080 251,080
SHIMANO INC 92,981 92,981
SIKA - NAMEN 374,111 374,111
SOITEC SA 437,453 437,453
SONOVA - NAMEN 97,942 97,942
SONY CORPORATION 237,400 237,400
SPDR GOLD TRUST 375,688 375,688
SPDR S&P 500 ETF TRUST 213,890 213,890
SWATCH GROUP 473,341 473,341
SWISSCOM - NAMEN 93,801 93,801
TAIWAN SEMICONDUCTOR MANUFACTURING 197,515 197,515
TELEDYNE TECHNOLOGIES 118,267 118,267
TEXAS INSTRUMENTS INC 230,128 230,128
THERMO FISHER SCIENTIFIC INC 504,483 504,483
T-MOBILE US INC 196,565 196,565
TRACTOR SUPPLY CO 167,723 167,723
TRIMBLE INC 106,400 106,400
UNILEVER 60,155 60,155
UNION PACIFIC CORP 378,311 378,311
UNITEDHEALTH GROUP INC 210,774 210,774
UNIVERSAL MUSIC GROUP 887,062 887,062
US BANCORP 88,724 88,724
VANGUARD VALUE ETF 174,915 174,915
VAT GROUP - NAMEN 120,356 120,356
VERALTO CORP 17,275 17,275
VISA INC 440,193 440,193
WALT DISNEY CO 89,386 89,386
WASTE CONNECTIONS INC 140,313 140,313
WASTE MANAGEMENT 59,999 59,999
ZOETIS INC 187,501 187,501
ZURICH INSURANCE GROUP - NAMEN 78,452 78,452
RECEPTOR LOGIC INC. 110,012 110,012
AMEN PROPERTIES INC. 104,125 104,125

TY 2023 InvestmentsLandSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
DUPLEX LAND 931,974 0 931,974  
OFFICE BUILDING LAND 1,015,256 0 1,015,256  
RESTAURANT LAND 1,070,778 0 1,070,778  
DUPLEX BUILDING 412,659 40,405 372,254  
OFFICE BUILDING 310,140 30,369 279,771  
RESTAURANT BUILDING 252,435 24,718 227,717  
DUPLEX HVAC 26,700 2,392 24,308  
DUPLEX IMPROVEMENTS 9,600 780 8,820  
OFFICE BUILDING HVAC 24,720 2,318 22,402  
OFFICE BUILDING FOUNDATION 14,420 1,170 13,250  

TY 2023 InvestmentsOtherSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANCOR PLEDGE FUND VI, LLC FMV 18,838 18,838
ANCOR PLEDGE FUND VII, LLC FMV 5,318,788 5,318,788
ANCOR PLEDGE FUND IX, LLC FMV 1,542 1,542
ARTIS VENTURES XII SPV, LP FMV 571,067 571,067
CENTRAL PARK-91, LTD. FMV 117,705 117,705
DJ-LEGACY PARTNERS FMV 11,466,212 11,466,212
DJ-PEI PARTNERS FMV 3,597,469 3,597,469
DOS RIOS PARTNERS, LP FMV 1,299,606 1,299,606
DOS RIOS PARTNERS - A, LP FMV 1,300,288 1,300,288
FREESTONE METALS PARTNERS, LP FMV 50,699 50,699
HOG PARTNERSHIP LP FMV 566,231 566,231
MDJ MINERALS LLP FMV 57,500,000 57,500,000
N3 OPPORTUNITY FUND I, LP FMV 19,432 19,432
PENNYBACKER III, LP FMV 6,506 6,506
PENNYBACKER IV, LP FMV 142,697 142,697
SELENIUM LP FMV 1,337 1,337
SFF ROYALTY, LLC FMV 8,782 8,782
TRI ALPHA (BI ALTERENERGY LLC) FMV 7,625,600 7,625,600

TY 2023 LandEtcSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS 6,790 6,338 452  
FURNITURE AND FIXTURES 48,525 22,241 26,284  
LEASEHOLD IMPROVEMENTS 80,614 24,631 55,983  
COMPUTERS 1,600 374 1,226  
FURNITURE AND FIXTURES 2,202 275 1,927  
FURNITURE AND FIXTURES 1,395 163 1,232  


TY 2023 LegalFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE & COUNSEL 633,262 440,566   62,938


TY 2023 OtherAssetsSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRECIOUS METALS 525,629 597,763 597,763
PREPAID TAX 55,876 85,394 85,394
NET ORGANIZATIONAL COSTS 11,338 10,393 10,393
ACCRUED INTEREST 646 0 0


TY 2023 OtherDecreasesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Amount
NON-DEDUCTIBLE EXPENSES 11,351


TY 2023 OtherExpensesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 388,859 388,859   0
INSURANCE 54,918 0   0
DUES & SUBSCRIPTIONS 24,038 24,038   0
CONTRACT LABOR 8,218 8,218   0
MISCELLANEOUS 9,470 0   0
OFFICE EXPENSE 8,512 0   0
COMPUTER & TECHNOLOGY 15,440 0   0
INSURANCE - RENTAL 27,534 27,534   0
REPAIRS & MAINTENANCE - RENTAL 16,614 16,614   0
DUES & SUBSCRIPTIONS - RENTAL 550 550   0
MANAGEMENT FEES - RENTAL 12,474 12,474   0
MISCELLANEOUS - RENTAL 967 967   0
OFFICE EXPENSE - RENTAL 13 13   0


TY 2023 OtherIncomeSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 13,253,881 13,253,881 13,253,881
PARTNERSHIP INCOME-UBI PORTION 424,738 0 424,738


TY 2023 OtherIncreasesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 2,107,175
PERCENTAGE DEPLETION IN EXCESS OF BASIS 59,936
DEPLETION W/ BASIS NOT INCLUDED IN PARTNERSHIP BOOK INCOME 483


TY 2023 OtherLiabilitiesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 2,059 3,913
SECURITY DEPOSITS HELD 13,276 13,276
NEGATIVE BASIS IN WESTECH VENTURES I 1,103 0
401K CONTRIBUTIONS PAYABLE 14,410 0


TY 2023 OtherNotesLoansRcvblShortSch2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of 501(c)(3) Organization Balance Due
SAN FRANCISCO ZEN CENTER
  		430,699


TY 2023 OtherProfessionalFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES - RENTAL 45,160 45,160   0


TY 2023 TaxesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME & EXCISE TAX 135,967 0   0
STATE TAXES 1,425 0   0
FOREIGN TAX WITHHELD 139,385 0   0
PAYROLL TAXES 37,461 0   30,778
PROPERTY TAXES - RENTAL 101,158 101,158   0