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
ADAIR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4722 SHADYWOOD LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752092020
A Employer identification number

46-1486106
B Telephone number (see instructions)

(214) 244-1470
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$109,470,788J 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) 12,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 74,328 74,328  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,969,793
b Gross sales price for all assets on line 6a 11,635,993
7 Capital gain net income (from Part IV, line 2)... 9,969,793
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
531,468 362,172 0
12 Total. Add lines 1 through 11........ 10,588,089 10,406,293 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000 0 0 200,000
14 Other employee salaries and wages...... 36,600 0 0 36,600
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
237 0 0 237
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,317 12,663 0 16,654
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
31,632 0 0 15,632
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,000 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,176 0 0 4,176
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,464 0 0 6,464
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 309,426 12,663 0 279,763
25 Contributions, gifts, grants paid....... 4,047,579 4,047,579
26 Total expenses and disbursements. Add lines 24 and 25 4,357,005 12,663 0 4,327,342
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 6,231,084
b Net investment income (if negative, enter -0-) 10,393,630
c Adjusted net income (if negative, enter -0-)... 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............. 755,523 200,015 200,015
2 Savings and temporary cash investments......... 2,345,133 10,295,062 10,295,062
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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)      
b Investments—corporate stock (attach schedule)....... 29,159,425 Click to see attachment
List of Attached Documents:
// Content
27,493,225 		94,080,000
c Investments—corporate bonds (attach schedule).......      
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).......... 4,549,514 Click to see attachment
List of Attached Documents:
// Content
5,080,982 		4,894,336
14 Land, buildings, and equipment: basis right arrow11,057
Less: accumulated depreciation (attach schedule) right arrow9,682 2,374 Click to see attachment
List of Attached Documents:
// Content
1,375 		1,375
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
590 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,812,559 43,070,659 109,470,788
Liabilities 17 Accounts payable and accrued expenses.......... 729 27,745
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)......... 729 27,745
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 36,811,830 43,042,914
29 Total net assets or fund balances (see instructions)..... 36,811,830 43,042,914
30 Total liabilities and net assets/fund balances (see instructions). 36,812,559 43,070,659
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
36,811,830
2
Enter amount from Part I, line 27a .....................
2
6,231,084
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
43,042,914
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
43,042,914
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 14,408 SHARES COPART STOCK D 2016-12-30 2023-02-23
b 25,592 SHARES COPART STOCK D 2016-12-30 2023-02-27
c 200,000 SHARES COPART STOCK D 2016-12-30 2023-11-27
d
e
(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 502,014   100,028 401,986
b 890,975   177,672 713,303
c 10,243,004   1,388,500 8,854,504
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       401,986
b       713,303
c       8,854,504
d
e
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 9,969,793
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 0
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) 1 144,471
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........................... 3 144,471
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- ..... 5 144,471
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 19,500
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 200,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 219,500
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 75,029
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow75,029 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 arrowTHEADAIRFOUNDATION.ORG
14
The books are in care ofright arrowTAMMI ADAIR Telephone no.right arrow (916) 504-4950

Located atright arrow4722 SHADYWOOD LANEDALLASTX ZIP+4right arrow75209
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)
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
 
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
TAMMI L ADAIR PRES/DIRECTOR
10.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
A JAYSON ADAIR VP/DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
GARRETT ADAIR DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
JACQUILYNE A KEENE SEC/DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
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
KRISTEN SYLVESTER EXEC DIRECTOR
30.00 		200,000 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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
89,472,710
b
Average of monthly cash balances.......................
1b
3,312,262
c
Fair market value of all other assets (see instructions)................
1c
4,464,893
d
Total (add lines 1a, b, and c).........................
1d
97,249,865
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
97,249,865
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,458,748
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
95,791,117
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,789,556
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
4,789,556
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
144,471
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
6,900
c
Add lines 2a and 2b............................
2c
151,371
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,638,185
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,638,185
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
4,638,185
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
4,327,342
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
4,327,342
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 4,638,185
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......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 42,924
f Total of lines 3a through e ........ 42,924
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,327,342
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..... 4,327,342
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 42,924 42,924
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		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 .......... 		267,919
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
TAMMI L ADAIR
A JAYSON ADAIR
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

ALLIANCE FOR FREEDOM RESTORATION & JUSTICE

207 SERENITY PLACE
SMITHVILLE,TX37166 		N/A PC GRANT TO SUPPORT ENGAGE TOGETHER 30,000

AMERICAN BIBLE SOCIETY

101 NINDEPENDENCE MALL EAST FL8
PHILADELPHIA,PA191062155 		N/A PC FUNDING FOR HERO SQUAD AND CHINA BIBLE ACCESS INITIATIVES 50,000

AS ONE MINISTRIES

PO BOX 90155
SIOUX FALLS,SD57109 		N/A PC FUNDING TO PROVIDE OPERATING SUPPORT TO SUSTAIN START-UPS UNTIL THEY REACH SELF-SUFFICIENCY. 25,000

AWANA

PO BOX 809
ST CHARLES,IL60174 		N/A PC FUNDING TO MOBILIZE AND STRENTHEN THE INDIGENOUS MIDDLE EAST/NORTH AFRICA CHURCH IN A CONTEXT OF PERSECUTION TO REACH CHILDREN IN LONG-TERM DISCIPLESHIP RELATIONSHIPS IN THEIR LANGUAGES. 50,000

BIBLES FOR CHILDREN

1060 STATE HIGHWAY 41
AFTON,NY13730 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 500

BRIDGEBUILDERS

PO BOX 702545
DALLAS,TX75370 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 5,000

BRYAN'S HOUSE

3610 PIPESTONE ROAD
DALLAS,TX75212 		N/A PC FUNDING FOR THE 'CHILD DEVELOPMENT PROGRAM' FOR CHILDREN WITH SPECIAL NEEDS 35,000

BUCKNER CHILDREN & FAMILY SERVICES

700 NORTH PEARL STREET SUITE 1200
DALLAS,TX75201 		N/A PC FUNDING FOR ADOPTION AND FOSTER CARE SERVICES IN TEXAS 75,000

CHILD EVANGELISM FELLOWSHIP

PO BOX 348
WARRENTON,MO63383 		N/A PC FUNDING TO ADD 20 NEW WORKERS TO DISCIPLE AND EVANGELIZE TO CHILDREN AND FAMILIES IN EUROPE 75,000

CHILDREN'S MEDICAL CENTER FOUNDATION

2777 N STEMMONS FREEWAY STE 1700
DALLAS,TX75207 		N/A PC FUNDS TO HIRE A FULL-TIME FELLOW AND A STAFF CHAPLAIN TO SUPPORT THE PLANO SPIRITUAL CARE & EDUCATION TEAM 100,000

CITY ON A HILL COMMUNITY CHURCH

PO BOX 65
FATE,TX75132 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 5,000

COMMUNITY BIBLE STUDY

790 STOUT ROAD
COLORADO SPRINGS,CO80921 		N/A PC FUNDING FOR "SPOKEN WORD" IN SUB-SAHARAN AFRICA, SOUTH ASIA, MIDDLE EAST/NORTH AFRICA AND EUROPE 115,000

COMPASSIONATE HOPE

111 GLORYLAND LANE
ANTIOCH,TN37013 		N/A PC FUNDING TO CONSTRUCT THE FIRST HOME IN SHALOM VILLAGE OF HOPE WHICH WILL SERVE CHILD VICTIMS AND POTENTIAL VICTIMS OF HUMAN TRAFFICKING AND RELIGIOUS PERSECUTION IN SOUTHEAST ASIA 35,000

CONGREGATION SHEARITH ISRAEL

9401 DOUGLAS AVENUE
DALLAS,TX75225 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 5,000

CURE INTERNATIONAL

70 IONIA AVE SW SUITE 200
GRAND RAPIDS,MI49503 		N/A PC FUNDING FOR CURE ZAMBIA 100,000

DAILY HOPE

PO BOX 80448
RANCHO SANTA MARGARITA,CA92688 		N/A PC FUNDING TO SUPPORT DAILY HOPE RADIO 100,000

DATE PALM CONSULTING

7210 VIRGINIA PARKWAY UNIT 6736
MCKINNEY,TX75071 		N/A PC FUNDING TO SUPPORT SCRIPTURE RECITATION IN ATHENS AND THESSALONICA 5,000

DAUGHTERS OF OUR LIVING LORD & SAVIOR

2001 W PLANO PKWAY SUITE 1205
PLANO,TX75075 		N/A PC FUNDING TO HIRE A CHAPTER DIRECTORS 15,000

DEAF PATHWAY GLOBAL

PO BOX 2267
BRENTWOOD,TN37027 		N/A PC FUNDING TO COVER THE COST OF 250 HOURS OF INTERPRETING SERVICES THROUGH 2024 15,000

E3 PARTNERS MINISTRY

2001 W PLANO PARKWAY 2600
PLANO,TX75075 		N/A PC FUNDING FOR "I AM SECOND" 10,000

EAST-WEST MINISTRIES INTERNATIONAL

2001 W PLANO PARKWAY SUITE 3000
PLANO,TX75075 		N/A PC FUNDING FOR 'MEDIA TO MOVEMENT PROJECT' WHICH USES THE INTERNET TO REACH UNTAPPED POOLS OF "PERSONS OF PEACE" IN UNREACHED PEOPLE GROUPS 40,000

ENGAGE YOUR DESTINY

4775 WAYZATA BLVD SUITE 700
STLOUIS PARK,MN55416 		N/A PC FUNDING TO TRAIN THE ENTIRE 101ST AIRBORNE DIVISION OF OVER 25,000 SOLDIERS 51,770

EXODUS MINISTRIES

4630 MUNGER AVENUE SUITE 110
DALLAS,TX75204 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES TO SUPPORT PREVIOUSLY INCARCERATED WOMEN AND THEIR CHILDREN AS THEY REBUILD THEIR LIVES. 40,000

FAITHFULLY RESTORED

1749 MALLORY LANE 102
BRENTWOOD,TN37027 		N/A PC FUNDING FOR COVENANT SCHOOL FUND AND SUPPORT FOR OVER 600 MOTHERS, CARETAKERS AND WIDOWS. 30,000

FAMILY BIBLE CHURCH

720 LINK ROAD
FAIRFIELD,CA94534 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES. 5,000

FOREFRONT LIVING FOUNDATION

12467 MERIT DRIVE
DALLAS,TX75251 		N/A PC FUNDING FOR SCHOLARSHIP FUND FOR SKILLED NURSING TEAMMATES AT PRESBYTERIAN VILLAGE NORTH 25,000

FORGIVEN FELONS

PO BOX 4283
CEDAR HILL,TX75106 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES. 10,000

GLOBAL CHRISTIAN RELIEF

PO BOX 1595
MERRIFIELD,VA221161595 		N/A PC FUNDING TO PRINT AND DISTRIBUTE 650 ILLUSTRATED BIBLES, 790 NEW TESTAMENTS AND 4,000 BIBLES ON SD CARDS TO PEOPLE IN A PERSECUTED REGION OF THE WORLD. 35,000

GO LIGHT YOUR WORLD FOUNDATION

5543 EDMONDSON PIKE BOX 7A
NASHVILLE,TN37211 		N/A PC FUNDING FOR THE MUSIC MINISTRY 5,000

GRACE COMMUNITY CHURCH

801 W BARDIN ROAD
ARLINGTON,TX76017 		N/A PC FUNDING FOR "ADVENTURELAND KIDS" 1,000

HIRE HEROES

13010 MORRIS ROAD SUITE 175
ALPHARETTA,GA30004 		N/A PC FUNDING TO PROVIDE VETERANS AND THEIR SPOUSES WITH PERSONALIZED CAREER GUIDANCE, RESUME BUILDING, INTERVIEW TRAINING AND MENTORING. 50,000

HOPE DALLAS

10288 VINEMONT ST
DALLAS,TX75218 		N/A PC FUNDING TO CONTINUE MISSIONAL EFFORTS AT EL CAPITAN AND THE SURROUNDING COMMUNITY IN EAST DALLAS 15,000

HOPE INTERNATIONAL

227 GRANITE RUN DRIVE SUITE 250
LANCASTER,PA17601 		N/A PC FUNDING TO PROVIDE RWANDANS SMALL AND MEDIUM ENTERPRISE LOANS THROUGH URWEGO BANK 100,000

HOPE SMILES

101 CREEKSIDE CROSSING STE 1700-301
BRENTWOOD,TN37027 		N/A PC FUNDING FOR CAPITAL PURCHASES TO LAUNCH A SECOND DENTAL OUTREACH TEAM IN UGANDA 50,000

HOPE WALKS

PO BOX 1098
MECHANICSBURG,PA17055 		N/A PC FUNDING FOR THE 'MALAWI CLUBFOOT PROGRAM' 55,000

HUMAN TRAFFICKING INSTITUTE

2701 PROSPERITY AVENUE SUITE 405
FAIRFAX,VA22031 		N/A PC FUNDS TO HIRE AND TRAIN TEAM MEMBERS TO BE DEPLOYED TO THEIR DESIGNATED REGIONS IN UGANDA TO COMBAT TRAFFICKING. 200,000

INTERNATIONAL GENEROSITY FOUNDATION

1901 ULMERTON ROAD STE 400
CLEARWATER,FL33762 		N/A PC FUNDING FOR THE CANCER RESEARCH UK FUND 5,309

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC200906961 		N/A PC FUNDING FOR THE UGANDA & INDIA ANTI-TRAFFICKING PROGRAMS 300,000

JONI AND FRIENDS

PO BOX 3333
AGOURA HILLS,CA91376 		N/A PC FUNDING TO PROVIDE SCHOLARSHIPS FOR 150 FAMILIES AND 425 VOLUNTEERS TO ATTEND THE 2023 FAMILY RETREATS AND WARRIOR GETAWAY EVENTS. 30,000

JUSTICE VENTURES INTERNATIONAL

14500 NEW HAMPSHIRE AVENUE
SILVER SPRING,MD20904 		N/A PC FUNDING TO SUPPORT SUSTAINABLE COMMUNITY JUSTICE TRANSFORMATION THROUGH THE LAUNCH AND OPERATION OF A NEW JUSTICE HUB IN RURAL INDIA 100,000

LIVING WATER INTERNATIONAL

4001 GREENBRIAR DR 200
STAFFORD,TX77477 		N/A PC FUNDING TO PROVIDE CLEAN WATER SOLUTIONS IN KEEMBE, ZAMBIA, RWINYANA, RWANDA AND NIMBA, LIBERIA 50,000

MANEGAIT THERAPEUTIC HORSEMANSHIP

4261 E UNIVERSITY DR 30-253
PROSPER,TX75078 		N/A PC FUNDING FOR THE BEACON CAPITAL CAMPAIGN PROJECT 50,000

MISSION INCREASE

7357 SW BEVELAND RD STE 200
TIGARD,OR97223 		N/A PC FUNDING TO EMPOWER MISSION INCREASE LEADERS AND NON-PROFIT LEADERS TO GROW IN THEIR UNDERSTANDING AND PRACTICE OF SOUL CARE AND RESILIENCY. 25,000

MUSICIANS ON CALL

618 GRASSMERE PARK SUITE 1
NASHVILLE,TN37211 		N/A PC FUNDING TO SUPPORT IMPACTFUL MUSIC PROGRAMS FOR THOSE IN NASHVILLE THAT ARE HOSPITALIZED, IN NURSING HOMES AND IN LONG TERM CARE FACILITIES. 25,000

MY POSSIBILITIES

3601 MAPLESHADE DRIVE
PLANO,TX75205 		N/A PC FUNDING TO SUPPORT THE COMMUNITY BASED INSTRUCTION PROGRAM EXPANSION INITIATIVES 35,000

MY STRONGHOLD

7407 STONECREST DRIVE
DALLAS,TX75254 		N/A PC FUNDING TO PROVIDE 500 CARE PACKAGES TO CANCER PATIENTS 25,000

NATIONAL CHRISTIAN FOUNDATION

4514 COLE AVENUE SUITE 1650
DALLAS,TX75205 		N/A PC FUNDING FOR THE DONOR ADVISED FUND 445,000

NEW HORIZONS FOUNDATION

5550 TECH CENTER DRIVE SUITE 303
COLORADO SPRINGS,CO80919 		N/A PC FUNDING FOR THE MATTHEW WARREN FUND 50,000

NOMI NETWORK

PO BOX 42
NEW YORK,NY10156 		N/A PC FUNDING FOR THE YOUTH WORKFORCE DEVELOPMENT PROGRAM IN DALLAS SERVING FEMALE YOUTH AGES 13-17 IN THE LETOT RESIDENTIAL CENTER 30,000

ONE FOR ISRAEL

1300 GLADE ROAD
COLLEYVILLE,TX76034 		N/A PC FUNDING FOR CAPITAL CAMPAIGN TO CONSTRUCT A SEMINARY CAMPUS 165,000

PATRIOT PAWS

254 RANCH TRAIL
ROCKWALL,TX75032 		N/A PC FUNDING TO PROVIDE A HIGHLY TRAINED MOBILITY SERVICE DOG TO A DISABLED VETERAN. 35,000

PENSACOLA LIGHTHOUSE & MARITIME MUSEUM

2081 RADFORD BOULEVARD
PENSACOLA,FL32508 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 10,000

REDEEM INTERNATIONAL

2318 JACKSON PARKWAY
VIENNA,VA22180 		N/A PC FUNDING TO LAUNCH AN EVALUATION TEAM, AN INTERVENTION TEAM IN UGANDA AND TO HIRE A CPO 50,000

REFUGE FOR WOMEN

306 N LOOP 288
DENTON,TX76209 		N/A PC FUNDING TO SUPPORT THE TWO-YEAR CONTINUUM OF CARE FOR WOMEN WHO ARE SURVIVORS OF HUMAN TRAFFICKING AND EXPLOITATION. 25,000

ROCK CREEK CHURCH

2860 W FIRST STREET
PROSPER,TX75078 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 5,000

SAMARITANS PURSE INTERNATIONAL RELIEF

PO BOX 3000
BOONE,NC28067 		N/A PC FUNDING FOR THOSE IMPACTED BY THE NATURAL DISASTERS. 175,000

SEED COMPANY

220 WESTWAY PLACE SUITE 100
ARLINGTON,TX760185653 		N/A PC FUNDING FOR THE BALKAN SIGN LANGUAGE CLUSTER PROJECT FOR THE DEAF IN SERBIA AND SLOVENIA 100,000

SEED EFFECT

PO BOX 141223
DALLAS,TX75214 		N/A PC FUNDING TO SERVE SOUTH SUDANESE REFUGEES, INDIVIDUALS AFFECTED BY CONFLICT, AND UGANDAN NATIONALS THROUGH MICROLOAN AND SAVINGS PROGRAMS 50,000

SHILOH PLACE MCKINNEY

PO BOX 2731
MCKINNEY,TX75070 		N/A PC FUNDING FOR THE LEGACY CAPITAL CAMPAIGN TO BUILD A NEW RESIDENTIAL FACILITY FOR HOMELESS MOTHERS & CHILDREN 20,000

SHOW HOPE

PO BOX 647
FRANKLIN,TN37065 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 60,000

SIL INTERNATIONAL

7500 W CAMP WISDOM ROAD
DALLAS,TX75236 		N/A PC FUNDING FOR COMPLETE TRANSLATION OF AN OLD TESTAMENT FOR THE ASHANINKA PEOPLE. 50,000

SOUTHWESTERN MEDICAL FOUNDATION

3889 MAPLE AVENUE SUITE 100
DALLAS,TX75219 		N/A PC FUNDING FOR THE PURCHASE OF "MOXIE" FOR THE ONCOLOGY DEPARTMENT 100,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		N/A PC FUNDING FOR THE ST. JUDE GLOBAL PLATFORM FOR ACCESS TO CHILDHOOD CANCER MEDICINES 100,000

TEXAS CHRISTIAN UNIVERSITY

TCU BOX 297044
FORT WORTH,TX76129 		N/A PC FUNDING TO SUPPPORT THE KAREN PURVIS INSTITUTE OF CHILD DEVELOPMENT WITH THE PUBLICATION OF TRANSLATED MATERIALS. 75,000

TEXAS PTA

3300 PIMLICO DRIVE
ARLINGTON,TX76017 		N/A PC FUNDING FOR THE TEACHER APPRECIATION FUND 1,000

THE BRETT BOYER FOUNDATION

4191 ARNO ROAD
FRANKLIN,TN37027 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 100,000

THE GOSPEL COALITION

PO BOX 170346
AUSTIN,TX78717 		N/A PC FUNDING FOR THE GOSPELBOUND PODCAST WITH COLLIN HANSEN 35,000

THE NEXT DOOR

402 22ND AVENUE NORTH
NASHVILLE,TN37203 		N/A PC FUNDING TO PROVIDE EVIDENCE-BASED SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES FOR WOMEN IN ADDICTION TREATMENT. 25,000

THE SENIOR SOURCE

3910 HARRY HINES BOULEVARD
DALLAS,TX75219 		N/A PC FUNDING FOR THE LONG-TERM CARE OMBUDSMAN PROGRAM 40,000

THE W CONNECTION

PARK WEST FINANCE STATION PO BOX
21034
NEW YORK,NY10025 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES TO SERVE WIDOWS AROUND THE COUNTRY 10,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAND BOULEVARD
STATEN ISLAND,NY10306 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES 23,000

YOUNGLIFE

PO BOX 520
COLORADO SPRINGS,CO80901 		N/A PC FUNDING FOR CAMP CAPERNAUM CLUBS IN DFW SCHOOLS AND IN NASHVILLE 60,000
Total .................................right arrow 3a 4,047,579
bApproved for future payment
Total ................................. right arrow 3b 0
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 74,328  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 9,969,793  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aREVERE CREDIT OPP FUND 		900099 169,296 14 362,172  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 169,296 10,406,293 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,575,589
(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
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
ADAIR FOUNDATION
 
Employer identification number

46-1486106
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
ADAIR FOUNDATION
  		Employer identification number
46-1486106
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
BUC-EE'S LTD
 
327 FM 2004
 
LAKE JACKSON, TX77566

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
ADAIR FOUNDATION
  		Employer identification number

46-1486106
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
ADAIR FOUNDATION
  		Employer identification number

46-1486106
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX 25,327 12,663 0 12,664
PAYROLL PROCESSING FEES 3,990 0 0 3,990

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

TY 2023 DepreciationSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
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
APPLE 13.3 8 GB LAPTOP 2017-03-05 1,968 1,968 SL 5.000000000000 0 0 0  
MB AIR APPLE LAPTOP 2017-10-22 1,374 1,374 SL 5.000000000000 0 0 0  
APPLE IMAC 27" 2018-01-12 5,009 4,530 SL 5.000000000000 479 0 0  
APPLE LAPTOP 2021-12-04 2,706 811 SL 5.000000000000 521 0 0  

TY 2023 InvestmentsCorpStockSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Name of Stock End of Year Book Value End of Year Fair Market Value
1,920,000 SHS COPART INC - COMMON 27,493,225 94,080,000

TY 2023 InvestmentsOtherSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
REVERE CREDIT OPPORTUNITIES FUND III LP AT COST 5,080,982 4,894,336

TY 2023 LandEtcSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
APPLE 13.3 8 GB LAPTOP 1,968 1,968 0  
MB AIR APPLE LAPTOP 1,374 1,374 0  
APPLE IMAC 27" 5,009 5,009 0  
APPLE LAPTOP 2,706 1,332 1,374  


TY 2023 LegalFeesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 237 0 0 237


TY 2023 OtherAssetsSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER ASSETS 590 0 0


TY 2023 OtherExpensesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FX EXCHANGE (GAIN)/LOSS -55 0 0 -55
FEES - PAYROLL PROCESSING 1,487 0 0 1,487
INSURANCE 1,590 0 0 1,590
INTERNET AND WEBSITE EXPENSES 537 0 0 537
MEALS & ENTERTAINMENT 1,449 0 0 1,449
POSTAGE & DELIVERY 113 0 0 113
SUBSCRIPTIONS 1,274 0 0 1,274
SUPPLIES 69 0 0 69


TY 2023 OtherIncomeSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
REVERE CREDIT OPP FUND 531,468 362,172 531,468


TY 2023 TaxesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UNRELATED BUSINESS INCOME TAX PAID 0 0 0 0
PAYROLL TAXES 15,632 0 0 15,632
INVESTMENT INCOME TAX 16,000 0 0 0