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
Broughton Foundation Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 12774
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dallas, TX75225
A Employer identification number

75-6395131
B Telephone number (see instructions)

(432) 935-8597
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$68,574,568J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 28,196 28,196 28,196
4 Dividends and interest from securities... 1,565,532 1,565,532 1,565,532
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -89,035
b Gross sales price for all assets on line 6a 3,781,861
7 Capital gain net income (from Part IV, line 2)...  
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
16,682,307 16,682,307 16,682,307
12 Total. Add lines 1 through 11........ 18,187,000 18,276,035 18,276,035
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,044      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,267 21,267    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
251,817 251,817    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,036,076 1,036,076    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 1,711 1,711    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
41,152 41,152    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,412,067 1,352,023   0
25 Contributions, gifts, grants paid....... 2,635,922 2,635,922
26 Total expenses and disbursements. Add lines 24 and 25 4,047,989 1,352,023   2,635,922
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,139,011
b Net investment income (if negative, enter -0-) 16,924,012
c Adjusted net income (if negative, enter -0-)... 18,276,035
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......... 18,816,564 25,191,010 25,191,010
3 Accounts receivable right arrow35,208
Less: allowance for doubtful accounts right arrow     35,208  
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
4,933,726 		4,933,726
b Investments—corporate stock (attach schedule)....... 9,740,191 Click to see attachment
List of Attached Documents:
// Content
12,809,227 		14,078,297
c Investments—corporate bonds (attach schedule)....... 9,549,893 Click to see attachment
List of Attached Documents:
// Content
12,209,669 		11,514,208
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 15,888,506 Click to see attachment
List of Attached Documents:
// Content
12,316,152 		12,857,327
14 Land, buildings, and equipment: basis right arrow28,072
Less: accumulated depreciation (attach schedule) right arrow28,072      
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 53,995,154 67,494,992 68,574,568
Liabilities 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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 53,995,154 67,494,992
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)..... 53,995,154 67,494,992
30 Total liabilities and net assets/fund balances (see instructions). 53,995,154 67,494,992
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
53,995,154
2
Enter amount from Part I, line 27a .....................
2
14,139,011
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
68,134,165
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
639,173
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
67,494,992
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 250000 City National Bank CD P 2023-06-09 2023-09-12
b 250000 First Bank CD P 2023-06-09 2023-12-18
c 250000 1st Security Bank CD P 2023-06-09 2023-09-26
d 2018.055 Lord Abb Ult Sht Bd P 2023-01-03 2023-03-09
e 250000 Trustmark National CD P 2023-06-09 2023-06-09
19979.716 Lord Abb Ult Sht Bd P 2021-09-02 2023-01-23
5070.994 Lord Abb Ult Sht Bd P 2021-09-02 2023-01-24
709.939 Lord Abb Ult Sht Bd P 2021-09-02 2023-01-25
73200.812 Lord Abb Ult Sht Bd P 2022-03-01 2023-03-09
900 INV QQQ P 2023-01-12 2023-04-28
287.356 Metwest Unconst P 2022-12-02 2023-01-13
0.667 Oaktree Specialty P 2022-03-25 2023-01-23
36055.143 Pimco Short Term P 2022-09-20 2023-01-09
22963.826 Pimco Short Term P 2023-06-01 2023-06-21
1600 Trinity Capital Inc. P 2022-08-11 2023-01-12
2100 Wells Ser A Pfd P 2023-01-09 2023-09-15
2715 Wintr Finl Corp P 2023-01-09 2023-03-14
12500 Trinity Capital Inc. P 2021-10-14 2023-01-12
4150 Wells Ser A Pfd P 2022-05-03 2023-09-15
12 Intuitive Surgical P 2022-10-24 2023-01-31
6 Moodys Corp. P 2022-03-11 2023-01-26
2 O Reilly Automotive P 2022-06-30 2023-01-26
12.333 Veralto Corp. P 2023-01-31 2023-11-07
15 Adobe Inc. P 2021-07-01 2023-01-20
1 Adobe Inc. P 2021-07-01 2023-01-26
13 Adobe Inc. P 2021-07-01 2023-08-29
2 Adobe Inc. P 2021-07-01 2023-11-16
20 Alphabet Inc. P 2021-07-01 2023-03-03
89 Alphabet Inc. P 2021-07-01 2023-07-26
1 Amazon.com P 2021-07-01 2023-06-07
7 Amazon.com P 2021-07-01 2023-07-26
22 Amazon.com P 2021-07-01 2023-11-07
14 American Tower Corp P 2021-07-01 2023-11-16
6 American Tower Corp P 2021-07-01 2023-12-21
23 Carmax Inc. P 2021-07-01 2023-07-26
10 Costar Group Inc. P 2021-07-01 2023-01-26
2 IDEXX Laboratories P 2021-07-01 2023-01-12
3 IDEXX Laboratories P 2021-09-03 2023-04-13
4 Intuitive Surgical P 2021-09-03 2023-01-26
32 Intuitive Surgical P 2021-12-31 2023-01-31
8 Microsoft Corp. P 2021-07-01 2023-04-27
13 Microsoft Corp. P 2021-07-01 2023-06-07
19 Moodys Corp. P 2022-03-11 2023-06-16
20 Moodys Corp. P 2022-03-16 2023-07-07
7 Moodys Corp. P 2022-03-16 2023-07-26
20 Moodys Corp. P 2022-04-12 2023-08-03
24 Moodys Corp. P 2022-04-26 2023-08-17
6 Moodys Corp. P 2022-04-26 2023-09-11
17 Moodys Corp. P 2022-04-06 2023-10-25
17 Moodys Corp. P 2022-05-06 2023-11-07
1 NVIDIA Corp. P 2021-09-03 2023-09-29
2 Roper Technologies P 2021-07-01 2023-01-26
1 S&P Global Inc. P 2021-07-01 2023-01-26
1 S&P Global Inc. P 2021-07-01 2023-08-03
9 S&P Global Inc. P 2021-07-01 2023-08-29
4 S&P Global Inc. P 2021-07-01 2023-09-20
3 S&P Global Inc. P 2021-07-01 2023-11-07
4 S&P Global Inc. P 2021-07-01 2023-12-21
11 Transdigm Group Inc. P 2021-07-01 2023-01-12
6 Transdigm Group Inc. P 2021-07-01 2023-01-20
2 Transdigm Group Inc. P 2021-07-01 2023-01-26
9 Transdigm Group Inc. P 2021-07-01 2023-06-07
3 Transdigm Group Inc. P 2021-07-01 2023-07-07
4 Transdigm Group Inc. P 2021-07-01 2023-07-26
1 Transdigm Group Inc. P 2021-07-01 2023-08-17
0.667 Veralto Corp. P 2021-07-01 2023-10-05
96.667 Veralto Corp. P 2021-07-01 2023-11-07
6 Visa Inc. P 2021-07-01 2023-01-26
8 Zoetis Inc. P 2021-07-01 2023-08-17
15 Zoetis Inc. P 2021-07-01 2023-12-04
12000 Oracle bonds P 2022-10-27 2023-07-12
10000 Verizon bonds P 2022-10-27 2023-07-24
7000 Verisk Analytical bonds P 2022-10-27 2023-08-23
24000 Broadcom bonds P 2022-03-24 2023-09-28
41000 Fortune Brands bonds P 2021-09-14 2023-01-05
45000 Kraft Heinz bonds P 2021-09-20 2023-07-12
48000 Oracle bonds P 2021-09-14 2023-07-12
43000 Verizon bonds P 2021-09-10 2023-07-24
27000 Verisk Analytical bonds P 2021-10-22 2023-08-23
18000 Verisk Analytical bonds P 2022-07-14 2023-11-13
45000 Western Digital bonds P 2021-09-08 2023-11-17
9000 Western Digital bonds P 2022-10-26 2023-11-17
32.806 Lord Abbett Short Duration P 2012-05-31 2023-07-19
2519.74 Lord Abbett Short Duration P 2012-08-31 2023-07-26
3187.04 Lord Abbett Short Duration P 2012-05-31 2023-07-26
169.451 Virtus Nufleet Multi-Sector P 2013-04-12 2023-01-19
4662.721 Virtus Nufleet Multi-Sector P 2013-04-12 2023-01-26
3884.288 Virtus Nufleet Multi-Sector P 2013-04-12 2023-04-25
4919.839 Virtus Nufleet Multi-Sector P 2013-04-12 2023-10-26
(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 250,000   250,000  
b 250,000   250,000  
c 250,000   250,000  
d 19,898   19,837 61
e 250,000   250,000  
197,000   200,396 -3,396
50,000   50,862 -862
7,000   7,121 -121
721,760   734,194 -12,434
288,639   251,579 37,060
3,000   2,968 32
14   15 -1
340,000   346,129 -6,129
218,386   220,225 -1,839
19,478   25,345 -5,867
52,500   50,369 2,131
59,282   70,074 -10,792
152,173   200,000 -47,827
103,750   99,989 3,761
2,936   2,731 205
1,898   1,845 53
1,605   1,261 344
855   1,156 -301
5,342   8,743 -3,401
364   583 -219
7,007   7,577 -570
1,204   1,166 38
1,871   2,440 -569
11,529   10,856 673
123   171 -48
892   1,199 -307
3,146   3,767 -621
2,788   3,775 -987
1,276   1,617 -341
1,908   3,010 -1,102
783   838 -55
927   1,274 -347
1,441   1,993 -552
991   1,429 -438
7,829   11,398 -3,569
2,424   2,162 262
4,241   3,513 728
6,511   5,842 669
6,844   6,193 651
2,492   2,191 301
6,734   6,667 67
7,913   7,803 110
2,039   1,926 113
5,460   5,396 64
5,720   5,183 537
440   229 211
883   939 -56
366   413 -47
384   413 -29
3,531   3,719 -188
1,554   1,653 -99
1,153   1,240 -87
1,727   1,653 74
7,402   7,208 194
4,035   3,932 103
1,409   1,311 98
7,211   5,898 1,313
2,656   1,966 690
3,557   2,621 936
851   655 196
51   63 -12
6,703   9,714 -3,011
1,347   1,409 -62
1,478   1,506 -28
2,725   2,823 -98
10,607   10,319 288
9,667   9,640 27
6,797   6,797  
22,070   24,150 -2,080
40,606   41,876 -1,270
43,165   48,010 -4,845
42,429   49,181 -6,752
41,566   47,043 -5,477
26,218   28,202 -1,984
16,632   17,496 -864
42,469   47,429 -4,960
8,494   8,494  
125   125  
9,600   11,667 -2,067
12,143   12,496 -353
747   747  
20,563   22,074 -1,511
17,130   18,139 -1,009
21,397   22,838 -1,441
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b        
c        
d       61
e        
      -3,396
      -862
      -121
      -12,434
      37,060
      32
      -1
      -6,129
      -1,839
      -5,867
      2,131
      -10,792
      -47,827
      3,761
      205
      53
      344
      -301
      -3,401
      -219
      -570
      38
      -569
      673
      -48
      -307
      -621
      -987
      -341
      -1,102
      -55
      -347
      -552
      -438
      -3,569
      262
      728
      669
      651
      301
      67
      110
      113
      64
      537
      211
      -56
      -47
      -29
      -188
      -99
      -87
      74
      194
      103
      98
      1,313
      690
      936
      196
      -12
      -3,011
      -62
      -28
      -98
      288
      27
       
      -2,080
      -1,270
      -4,845
      -6,752
      -5,477
      -1,984
      -864
      -4,960
       
       
      -2,067
      -353
       
      -1,511
      -1,009
      -1,441
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 -89,035
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) 1 235,244
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........................... 3 235,244
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- ..... 5 235,244
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 348,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 348,000
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  
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 10 112,756
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow112,756 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 arrow
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 instructions.................
12
 
No
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 arrowJim Weaver Telephone no.right arrow (432) 935-8597

Located atright arrowPO Box 12774DallasTX ZIP+4right arrow75225
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? .................
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)
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
 
No
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
 
 
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
Jean Broughton Trustee
0.00 		0    
PO Box 12774
Dallas,TX75225
Jim Weaver TRUSTEE
10.00 		57,294    
PO Box 12774
Dallas,TX75225
Clifton Talbot TRUSTEE
0.00 		750    
702 Avondale Dr
Big Spring,TX79720
John Grant TRUSTEE
0.00 		1,000    
7006 Highland Dr
Big Spring,TX79720
John Marshall TRUSTEE
0.00 		1,000    
3 Highland Cove
Big Spring,TX79720
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
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
NONE
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)
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
37,660,818
b
Average of monthly cash balances.......................
1b
21,001,914
c
Fair market value of all other assets (see instructions)................
1c
1,897,550
d
Total (add lines 1a, b, and c).........................
1d
60,560,282
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
 
3
Subtract line 2 from line 1d.........................
3
60,560,282
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
908,404
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,651,878
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,982,594
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
2,982,594
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
235,244
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
235,244
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,747,350
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,747,350
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,747,350
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
2,635,922
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,635,922
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 2,747,350
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 40,714
e From 2022...... 383,294
f Total of lines 3a through e ........ 424,008
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,635,922
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,635,922
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023. 111,428 111,428
(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 5 312,580
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 .......... 		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) ....... 		 
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 ...... 		312,580
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 312,580
e Excess from 2023....  
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).)
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 e-mail address of the person to whom applications should be addressed:
Jim Weaver
PO Box 12774
Dallas,TX75225
(432) 935-8597
bThe form in which applications should be submitted and information and materials they should include:
NO POLICY
cAny submission deadlines:
NO POLICY ON DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANT MUST PROVIDE THE FOUNDATION WITH A CURRENT FAVORABLE IRS DETERMINATION LETTER.
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
WEST TEXAS FOOD BANK


1601 WESTCLIFF DR
MIDLAND,TX79701 		    OPERATIONS 75,000
Westside Community Daycare Center


PO Box 2296
Big Spring,TX79721 		    OPERATIONS 30,000
CASA of West Texas


1611 W Texas Ave
Midland,TX79701 		    OPERATIONS 100,000
Victim Services of Big Spring


PO Box 2137
Big Spring,TX79721 		    OPERATIONS 100,000
Big Spring Police Department


3611 W Hwy 80
Big Spring,TX79720 		    OPERATIONS 101,330
Howard County Sheriff


PO Box 1949
Big Spring,TX79721 		    OPERATIONS 90,000
Big Spring Symphony


PO Box 682
Big Spring,TX79721 		    OPERATIONS 5,000
Children's Medical Center


2777 Stemmons Freeway Suite 1700
Dallas,TX75207 		    OPERATIONS 500,000
Concho Valley Home for Girls


412 Preusser
San Angelo,TX76903 		    OPERATIONS 20,000
UMC Foundation


602 Indiana Ave
Lubbock,TX79415 		    OPERATIONS 300,000
West Texas Counseling Guidance Cent


36 E Twohig Cactus Hotel 6th Flo
San Angelo,TX76903 		    OPERATIONS 110,000
Partners in Opportunity


PO Box 5301
Carmel,CA93921 		    OPERATIONS 150,000
Martin County Hospital District


PO Box 640
Stanton,TX79782 		    OPERATIONS 250,000
Visiting Nurse Association Dallas


1420 W Mockingbird Ln 700
Fsllsd,TX75247 		    OPERATIONS 40,000
Big Spring Chamber of Commerce


215 W 3rd St
Big Spring,TX79720 		    OPERATIONS 146,644
Children's Advocacy Center


3418 Town and Country Dr
San Angelo,TX76904 		    OPERATIONS 100,000
Friends of the Library of Howard Co


500 Main Street
Big Spring,TX79720 		    OPERATIONS 5,248
City of Big Spring


310 Nolan Street
Big Spring,TX79720 		    OPERATIONS 80,000
City of Big Spring Aquatic Center


911 Golf Course Road
Big Spring,TX79720 		    OPERATIONS 250,000
Heritage Museum of Big Spring


510 Scurry St
Big Spring,TX79720 		    OPERATIONS 75,000
Pride Drive Band Boosters


707 E 11th Pl
Big Spring,TX79720 		    OPERATIONS 7,700
West Texas Rehabilitation Center


4601 Hartford St
Abilene,TX76905 		    Operations 100,000
Total .................................right arrow 3a 2,635,922
bApproved for future payment
Total ................................. right arrow 3b  
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 28,196  
4 Dividends and interest from securities ....     14 1,565,532  
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 ............ 		        -89,035
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCo-Op Distributions 		    14 53  
bOil & gas lease rentals     15 121,969  
cOil & gas royalties     16 16,546,307  
dOil & gas working interests     16 13,978  
e
12 Subtotal. Add columns (b), (d), and (e) ..   18,276,035 -89,035
13Total. Add line 12, columns (b), (d), and (e)..................
13
18,187,000
(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: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting & tax preparation 21,267 21,267 0 0

TY 2023 InvestmentsCorpBondsSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
Blackrock Strategic Income Opportunities 1,019,590 964,282
JPMorgan Strategic Income Opportunities 629,344 612,726
Lord Abbett Bond Debenture Fund 1,693,121 1,502,592
Lord Abbett Short Duration Income Fund 1,544,216 1,355,054
Natixix Loomis Sayles Core Plus Bond Fnd 1,264,574 1,136,910
Virtus Newfleet Multi Sector Short-Term 1,446,445 1,360,612
Fortune Brands Home & Sec notes    
Motorola Solultions Inc. notes 28,760 29,800
Allegion US Hldg Co. notes 46,580 45,073
Carlisle Cos. notes 23,430 22,557
Carrier Global Corp. notes 24,304 23,260
Global Payments Inc. notes 54,341 52,325
Dollar Tree Inc. notes 46,539 44,178
Reynolds American Inc. notes 22,823 21,747
Fortune Brands Home & Sec notes 5,186 4,914
Verisk Analytics Inc. notes    
Microchip Tech Inc. notes 47,334 46,300
Conagra Brands Inc. notes 46,451 43,571
Altria Group Inc. notes 46,635 43,610
Western Digital Corp. notes    
Trinity Acq PLC notes 23,296 21,723
U.S. Treasury notes 14,838 13,921
Molson Coors Brewing notes 47,742 44,079
American Tower Corp. notes 57,121 53,671
Westinghouse Air Brake Tech. notes 47,894 44,024
Steel Dynamic Inc. notes 24,191 24,145
Broadcom Corp. Cayman notes 23,311 21,471
AT&T Inc. notes 23,438 21,483
Carrier Global Corp. notes 24,699 22,579
QVC Inc. notes 19,945 22,526
SBA Comms Corp. notes 53,568 50,911
Verizon Comms Inc. notes 52,309 54,401
Kraft Heinz Foods notes 43,618 44,981
HP Inc. notes 48,974 43,478
Steel Dynamics Inc. notes 25,095 22,265
United Rent NA Inc. notes 59,433 57,540
AT&T Inc. glbl notes 23,931 21,518
Tegna Inc. notes 59,491 55,110
Discovery Comms LLC notes 59,651 55,200
Bat Cap Corp. notes 25,048 24,181
Oracle Corp. notes 53,287 55,102
CDW LLC Fin Corp. notes 31,248 29,688
Trimble Inc. notes 46,807 42,241
Block Finl LLC notes 49,635 43,745
HCA Inc. notes 47,568 43,018
Willis North Amer Inc. notes 8,478 8,907
CDW LLC notes 17,046 15,545
Service Corp Intl notes 57,793 56,840
Qorvo Inc. notes 59,909 56,925
Zimmer Holdings Inc. notes 49,812 50,887
Berry Global Inc. notes 46,283 47,392
QVC Inc. notes 50,750 39,579
CA Inc. notes 8,384 8,707
Newell Brands Inc. notes 22,032 21,878
Allegion US Hldg Inc. notes 6,213 6,655
Transdigm Inc. notes 55,658 57,786
Expedia Inc. notes 49,627 52,107
Carlisle Cos Inc. notes 28,210 28,743
Boyd Gaming Corp. notes 42,019 40,403
Willis North Amer Inc. notes 24,339 21,434
Westinghouse Air Brake Tech. notes 8,309 8,907
SBA Comms Corp. notes 6,760 7,189
Broadcom Inc. notes 22,145 23,914
Altria Grp Inc. notes 7,410 7,979
HP Inc. notes 8,839 9,712
Verisk Analytics Inc. notes    
Motorola Solutions Inc. notes 1,711 1,979
L Brands Inc. notes 54,448 60,265
Vanguard Total Bond Market ETF 200,365 202,263
Vanguard Total Intl Bond Index ETF 199,814 202,396
U.S. Treasury notes 1,993,634 2,017,164
Olin Corp notes 6,475 6,831
Flex Ltd. notes 16,963 17,573
Tenet Healthcare notes 47,840 51,853
AT&T Inc. glbl notes 7,792 7,902
Newell Brands Inc. notes 6,633 6,973
Bat Cap Corp. notes 7,554 7,874
Quanta Services notes 45,762 48,395
Dicks Sporting Goods notes 48,263 52,049
Genuine Parts Co. notes 16,588 16,690

TY 2023 InvestmentsCorpStockSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Blackrock Equity Dividend Fund Inst. 1,106,356 1,026,018
Lord Abbett Fundamental Equity 949,443 1,031,813
Owl Rock Capital Corp.    
Trinity Capital Inc.    
Global X MLP & Energy 499,638 571,136
Vanguard High Dividend Yield ETF 1,176,082 1,239,093
Adobe Inc. 103,532 116,337
Alphabet Inc. 157,215 172,377
Amazon.Com Inc. 206,716 206,335
American Tower Corp. 109,463 92,613
Brookfield Asset Managment Ltd 22,730 23,218
Carmax Inc. 20,844 15,732
Costco Wholesale Corp. 19,964 27,063
Costar Group Inc. 63,013 73,582
Danaher Corp. 89,050 83,051
Hilton Worldwide Holdings 50,890 72,108
Idexx Laboratories Inc. 24,289 26,087
Intuit Inc. 88,451 111,255
Intuitive Surgical Inc.    
KKR & Co. Inc. 41,684 60,232
Mastercard Inc. 96,048 119,849
Microsoft Corp. 233,461 317,002
Netflix Inc. 75,160 79,848
Nvidia Corp. 10,023 22,780
Progressive Corp. 65,207 92,382
Roper Technologies Inc. 52,238 63,240
S&P Global Inc. 40,683 49,338
Schwab Charles Corp. 50,060 48,298
Transdigm Group Inc. 77,089 130,496
Visa Inc. 96,763 116,116
Zoetis Inc. 43,983 48,356
Linde PLC 31,123 41,892
Blackstone Secured Lending Fund 196,184 234,940
Oaktree Specialty Lending Corp. 301,900 300,174
Plains GP Holdings LP 242,322 374,825
Alps Alerian MLP ETF 431,403 488,980
iShares Russell 2000 ETF 628,023 702,485
iShares Core MSCI EAFE ETF 526,148 661,290
SPPDR Gold Trust 403,748 439,691
SPROTT Gold Miners ETF 151,891 182,399
Vanguard FTSE Emerging Markets ETF 448,947 464,430
Pacwest Bancorp Pfd    
State Street Corp Pfd 151,210 152,683
Texas Cap Bankshares Ind. pfd 221,413 202,950
Wells Fargo & Company pfd    
Wintrust Financial Corp. pfd    
Wintrust Finl Corp. pfd 149,566 146,040
Brookfield Corp. 129,893 134,121
Copart Inc. 32,353 54,488
Moodys Corp. 33,447 47,258
O Reilly Automotive Inc. 34,657 48,454
Sherwin Williams Co. 16,185 20,897
Union Pacific Corp. 73,454 75,897
Blue Owl Capital Corp 474,962 516,600
Banc California Inc 153,297 139,320
Heico Corp. 28,730 30,482
Common stocks held in Charles Schwab 2,378,296 2,582,246

TY 2023 InvestmentsGovtObligationsSch
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

4,933,726
US Government Securities - End of Year Fair Market Value:

4,933,726
State & Local Government Securities - End of Year Book Value:


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


 


TY 2023 InvestmentsOtherSchedule2
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Blackrock Global Allocation Fund Inc. AT COST 889,067 859,263
Income Fund of America Fund Class F2 AT COST 924,471 991,146
Thornburg Income Builder AT COST 1,037,322 1,206,849
Lord Abbett Ultra Short Bond AT COST    
Lord Abbett Inflation Focused AT COST 781,596 737,897
Virtius Kar Small Mid Cap Core AT COST 650,000 862,207
Money Market Obbligs Federated Hermes AT COST    
Artisan Intl Value Advisor AT COST 684,785 783,688
Diamond Hill Large Cap AT COST 1,226,962 1,264,075
Fidelity Advisor Floating Rate High Inc AT COST 613,325 609,019
Metropolitan West Unconstraind Bond Fd AT COST 849,509 851,641
Money Market Obbligs Federated Hermes AT COST    
Pimco Short Term Instl AT COST    
Fidelity Invt Money Market Govt AT COST 1,840,883 1,840,883
Blackstone Real Estate Income Trust AT COST 531,706 519,700
NB Secondary Opptys Offshore Fund V AT COST 163,976 199,859
Monarch Capital Partners Offshore VI AT COST 225,000 233,550

TY 2023 LandEtcSchedule2
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Machinery and Equipment 28,072 28,072    


TY 2023 OtherDecreasesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
Current year estimated tax payments 348,000
Prior year income tax overpayment 291,173


TY 2023 OtherExpensesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Amortization 25,473 25,473    
Bank charges 130 130    
Contract services 250 250    
Lease operating expenses 12,039 12,039    
Postage & delivery 432 432    
Supplies 2,828 2,828    


TY 2023 OtherIncomeSchedule2
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Co-Op Distributions 53 53 53
Oil & gas lease rentals 121,969 121,969 121,969
Oil & gas royalties 16,546,307 16,546,307 16,546,307
Oil & gas working interests 13,978 13,978 13,978


TY 2023 OtherProfessionalFeesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 251,817 251,817 0 0


TY 2023 TaxesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Mineral property taxes 314,575 314,575    
Severance taxes - royalties 720,819 720,819    
Severance taxes - working interests 682 682