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
THE GEORGE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)310 MORTON ST PMB C
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
RICHMOND, TX77469
A Employer identification number

74-6043368
B Telephone number (see instructions)

(281) 342-6109
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$492,369,596J 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) 332
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,618,311 2,618,311  
4 Dividends and interest from securities... 2,697,202 2,697,202  
5a Gross rents............ 835,845 835,845  
b Net rental income or (loss) 539,763
6a Net gain or (loss) from sale of assets not on line 10 7,569,313
b Gross sales price for all assets on line 6a 65,046,945
7 Capital gain net income (from Part IV, line 2)... 7,569,313
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
3,985,883 3,987,026  
12 Total. Add lines 1 through 11........ 17,706,886 17,707,697  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 581,350 261,155   320,195
14 Other employee salaries and wages...... 942,208 233,049   709,159
15 Pension plans, employee benefits....... 229,258 89,862   139,396
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
293,013 152,654   140,359
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
49,500 19,800   29,700
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,255,240 1,233,203   22,037
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
544,418 117,749   73,669
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
548,520 63,325  
20 Occupancy.............. 86,436 25,931   60,505
21 Travel, conferences, and meetings....... 12,058 1,206   10,852
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
3,041,498 416,188   2,625,169
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,583,499 2,614,122   4,131,041
25 Contributions, gifts, grants paid....... 19,018,722 19,018,722
26 Total expenses and disbursements. Add lines 24 and 25 26,602,221 2,614,122   23,149,763
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,895,335
b Net investment income (if negative, enter -0-) 15,093,575
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 400 400 400
2 Savings and temporary cash investments......... 5,281,812 6,676,220 6,676,220
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) 29,457,522 23,941,303 22,521,600
b Investments—corporate stock (attach schedule)....... 53,938,664 47,655,983 82,740,312
c Investments—corporate bonds (attach schedule)....... 7,672,353 11,231,690 10,832,078
11 Investments—land, buildings, and equipment: basis right arrow31,717,111
Less: accumulated depreciation (attach schedule) right arrow6,398,365 25,683,838 Click to see attachment
List of Attached Documents:
// Content
25,318,746 		184,854,720
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 116,499,322 105,023,449 123,212,327
14 Land, buildings, and equipment: basis right arrow30,672,718
Less: accumulated depreciation (attach schedule) right arrow18,113,292 9,430,591 Click to see attachment
List of Attached Documents:
// Content
12,559,426 		28,645,163
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
20,694,842 		Click to see attachment
List of Attached Documents:
// Content
27,353,126 		Click to see attachment
List of Attached Documents:
// Content
32,886,776
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 268,659,344 259,760,343 492,369,596
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) Click to see attachment
List of Attached Documents:
// Content
13,376 		Click to see attachment
List of Attached Documents:
// Content
11,560
23 Total liabilities (add lines 17 through 22)......... 13,376 11,560
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........... 268,645,968 259,748,783
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)..... 268,645,968 259,748,783
30 Total liabilities and net assets/fund balances (see instructions). 268,659,344 259,760,343
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
268,645,968
2
Enter amount from Part I, line 27a .....................
2
-8,895,335
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
277,506
4
Add lines 1, 2, and 3 ..........................
4
260,028,139
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
279,356
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
259,748,783
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 SALE OF SECURITIES P 2023-01-01 2023-12-31
b DELTEC SPEC SIT PTN - CG P 2023-01-01 2023-12-31
c RMB SMID - CG DISTRIBUTIONS P 2023-01-01 2023-12-31
d NORTHERN TRUST FD A/C - CG DISTRIBUTIONS P 2023-01-01 2023-12-31
e PIMCO EQUITY SER RAE FD - CG P 2023-01-01 2023-12-31
OAKTREE PRIVATE INVEST FD IV - CG P 2023-01-01 2023-12-31
GMO EMERGING DOMESTIC FD - CG P 2023-01-01 2023-12-31
20.34 ACRES TO LID #6 P 1959-12-31 2023-05-03
SHORETEL PHONE SYSTEM P 2004-09-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 61,847,897   57,196,591 4,651,306
b 518,330     518,330
c 4,736     4,736
d 259,157     259,157
e 1,333,090     1,333,090
98,959     98,959
99,864     99,864
884,912   280,168 604,744
    873 -873
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       4,651,306
b       518,330
c       4,736
d       259,157
e       1,333,090
      98,959
      99,864
      604,744
      -873
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 7,569,313
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) 1 209,801
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........................... 3 209,801
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- ..... 5 209,801
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 238,822
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.............. 7 238,822
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 29,021
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow29,021 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 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
Yes
 
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 arrowwww.thegeorgefoundation.org
14
The books are in care ofright arrowSANDRA G THOMPSON Telephone no.right arrow (281) 342-6109

Located atright arrow215 MORTON STRICHMONDTX ZIP+4right arrow77469
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)
Yes
 
(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
 
No
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
Yes
 
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
ROGER E ADAMSON CEO
40.00 		433,750 30,098 6,748
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
MARK MAGEE Trustee
4.00 		30,000   761
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
JAMES CONDREY Trustee
4.00 		30,000    
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
STEPHEN J EWBANK Trustee
4.00 		30,000    
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
THOMAS RANDLE Trustee
4.00 		30,000    
310 MORTON ST PMB SUTE C
RICHMOND,TX77469
RUTHANNE MEFFORD Trustee
6.00 		27,600    
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
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
SANDRA G THOMPSON CFO
40.00 		245,580 100,294 738
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
ADRIENNE BARKER GRHP SITE DIRECTOR
40.00 		135,500 9,306 480
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
ROCAILLE ROBERTS PROGRAM OFFICER
40.00 		110,300 1,476 7,613
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
ROCKY L PARR OPERATIONS MGR
40.00 		121,000 51,116 1,244
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
QUYNH-ANH MCMAHAN GRANT OFFICER
40.00 		110,839 8,003 4,120
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
Total number of other employees paid over $50,000...................right arrow 13
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
RMB CAPITAL MANAGEMENT LLC INVESTMENT MANAGER 251,458
115 S LASALLE 34TH FLOOR
CHICAGO,IL60601
LYTLE & MOORE LLP LEGAL 92,289
2116 THOMPSON ROAD SUITE 116
RICHMOND,TX77469
UPSTREAM THINKING LLC CONSULTANT 238,537
5409 WOODROW AVE UNIT D
AUSTIN,TX78756
WESTFALL CONSTRUCTORS LTD CONSTRUCTION 3,133,616
3835 DACOMA
HOUSTON,TX77092
PAUL COMSTOCK PARTNERS INVESTMENT COUNCIL 167,983
1177 WEST LOOP SOUTH SUITE 1500
HOUSTON,TX77027
Total number of others receiving over $50,000 for professional services.............right arrow6
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 THE GEORGE RANCH HISTORICAL PARK (GRHP) - OPERATING EXPENSESTHE GRHP IS AN OUTDOOR LIVING MUSEUM WHERE EVERY DAY, THE LEGENDS AND LEGACIES OF THOSE WHO SHAPED THIS PLACE COME TO LIFE. AUTHENTIC LOCATIONS, HISTORIC HOMES, COSTUMED PRESENTERS AND A REMARKABLE STORY OF DETERMINATION AND COURAGE SET THE STAGE FOR TREKKING THROUGH TEXAS HISTORY. PUBLIC TOURS AND AN EXTENSIVE LIST OF SCHOOL PROGRAMS ARE AVAILABLE.21,771 STUDENT GROUP ATTENDEES FROM 112 PUBLIC SCHOOLS; 283 HOMESCHOOL GROUPS; 87 PRIVATE/CHARTER GROUPS; 44 SUMMER GROUPS - 31 INDEPENDENT SCHOOL DISTRICTS, PLUS 75 PRIVATE/CHARTER SCHOOLS, AND 18 COUNTIES 2,092,199
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
241,664,699
b
Average of monthly cash balances.......................
1b
513,594
c
Fair market value of all other assets (see instructions)................
1c
198,989,162
d
Total (add lines 1a, b, and c).........................
1d
441,167,455
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
441,167,455
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,617,512
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
434,549,943
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
21,727,497
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
21,727,497
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
209,801
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
209,801
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
21,517,696
4
Recoveries of amounts treated as qualifying distributions................
4
130,289
5
Add lines 3 and 4............................
5
21,647,985
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
21,647,985
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
23,149,763
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
3,893,386
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
27,043,149
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 21,647,985
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 20,451,889
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......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 27,043,149
a Applied to 2022, but not more than line 2a 20,451,889
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..... 6,591,260
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
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 .......... 		15,056,725
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 ...... 		 
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).)
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:
TRUSTEES - THE GEORGE FOUNDATION
310 MORTON ST PMB SUITE C
RICHMOND,TX77469
(281) 342-6109
grants@thegeorgefoundation.org
bThe form in which applications should be submitted and information and materials they should include:
GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR INFORMATION ON APPLYING FOR A GRANT FROM THE GEORGE FOUNDATION.
cAny submission deadlines:
GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GO TO WWW.THEGEORGEFOUNDATION.ORG/NONPROFITS FOR LIMITATIONS ON AWARDS
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

SEE ATTACHED PDF

SEE ATTACHED PDF
SEE ATTACHED PDF,TX77469 		NONE   SEE ATTACHED PDF 19,018,722
Total .................................right arrow 3a 19,018,722
bApproved for future payment

SEE ATTACHED PDF
SEE ATTACHED PDF
SEE ATTACHED PDF,TX77469 		NONE   SEE ATTACHED PDF 13,501,260
Total ................................. right arrow 3b 13,501,260
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 2,618,311  
4 Dividends and interest from securities ....     14 2,697,202  
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     16 539,763  
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 7,569,313  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aEASEMENTS/ROW 		    16 15,067  
bMISCELLANEOUS INCOME     14 4,855  
cOIL & GAS ROYALTIES     15 1,090,188  
dOTHER PORTFOLIO INCOME     14 18,012  
ePARTNERSHIP INCOME     14 2,858,904  
fPTN INCOME (AHC RYON) - UBTI 901101 -7,926      
gPTN INCOME (OAKTREE) - UBTI 901101 -144,823      
hPTNSHIP INCOME - UBTI CG 1231 901101 21,317      
iRECOVERY OF PRIOR GRANTS     1 120,344  
jSALE OF LIVESTOCK     18 9,945  
12 Subtotal. Add columns (b), (d), and (e) .. -131,432 17,541,904  
13Total. Add line 12, columns (b), (d), and (e)..................
13
17,410,472
(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)
Yes
 
(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
1a(1) 60,000 MORTON CEMETERY CASH GRANT
1a(1) 50,000 THE HISTORIC GEORGE RANCH CASH GRANT
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:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 49,500 19,800 0 29,700

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

TY 2023 DepreciationSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
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
SEPTIC SYS-FARM HOUSE 1997-08-12 1,874 1,218 SL 39.0000 48      
215 MORTON PROF FEES-2002 2004-09-20 2,357 1,095 SL 39.0000 60      
215 MORTON PROF FEES-2003 2004-09-20 34,357 16,078 SL 39.0000 881      
THOMPSON L/G FENCE 2004-12-12 4,128 3,897 SL 20.0000 206      
215 MORTON OFF BLDG-30% 2004-09-20 504,629 236,225 SL 39.0000 12,939      
215 MORTON FINAL COST 30% 2005-01-01 2,683 1,242 SL 39.0000 69      
BOOTH TRACT FENCE 2006-10-05 11,196 9,100 SL 20.0000 560      
PARTITION FEN-PAST 4 & 9 2007-09-27 1,291 991 SL 20.0000 65      
FENCE-1 M S BOUND THOMPSO 2009-09-16 4,118 2,729 SL 20.0000 206      
CULVERT ON "NEW ROAD" 2010-06-24 1,646 1,375 SL 15.0000 110      
DONAVAN FENCE PROJECT 2010-08-18 14,490 8,942 SL 20.0000 725      
BOOTH TRACT FENCE (NRG) 2011-10-26 19,452 10,865 SL 20.0000 973      
BOOTH TR HAY FLD CULVERTS 2011-02-24 1,161 912 SL 15.0000 77      
2 DRAINAGE PIPES 2012-04-19 1,493 1,066 SL 15.0000 100      
TWIN WINDMILL RD DRAINAGE 2012-12-05 716 484 SL 15.0000 48      
ABOVE GRD FUEL TANK@SHOP 2012-12-30 12,794 8,530 SL 15.0000 853      
SAWMILL RD FENCE 2012-10-25 2,983 1,515 SL 20.0000 149      
BERRY TRACT DRAINAGE PIPE 2012-10-18 2,281 1,545 SL 15.0000 152      
36" DRAINAGE PIPE FLD 166 2013-02-21 1,352 885 SL 15.0000 90      
ABOVE GRD FUEL TANK@SHOP 2013-01-16 12,794 8,459 SL 15.0000 853      
MANUEL MORRIS CONTAINERS 2013-03-11 7,350 3,618 SL 20.0000 368      
MANUEL MORRIS SHED 2013-05-02 25,850 12,499 SL 20.0000 1,293      
36" CULVERT THOMPSON #15 2013-02-21 4,073 2,674 SL 15.0000 272      
MANUEL MORRIS STCKPEN/FEN 2013-05-23 43,265 20,729 SL 20.0000 2,163      
LAKE/BULL PASTURE FENCE 2013-07-01 59,920 28,462 SL 20.0000 2,996      
ELECTRIC@M MORRIS BARN 2013-08-21 1,689 784 SL 20.0000 84      
FENCE THOMPSON #10 & #11 2013-02-07 1,634 813 SL 20.0000 82      
THOMPSON PERAMETER FENCE 2014-11-20 47,769 19,303 SL 20.0000 2,388      
THOMPSON PERIMETER FENCE 2015-10-01 55,469 20,104 SL 20.0000 2,773      
N SIDE AWNING-1/2 2015-12-30 475 224 SL 15.0000 32      
2 5 DRAWER LEGAL FILE CAB 2016-03-16 1,012 978 SL 7.0000 34      
2 DRAWER FILING CAB-DIANA 2016-06-16 379 351 SL 7.0000 28      
ERGONOMIC TASK CHAIR-SACH 2016-08-17 150 133 SL 7.0000 17      
HON 482L FILE CABINET-AMM 2016-08-17 351 317 SL 7.0000 34      
ATS ACOUSTIC PANELS 2016-01-21 629 622 SL 7.0000 7      
N SIDE AWNING -1/2 2016-03-03 475 218 SL 15.0000 32      
FENCE-BIG CREEK BY PASS 2016-10-24 3,628 1,492 SL 15.0000 242      
48" 20' DRAINAGE PIPE 2017-03-14 2,176 846 SL 15.0000 145      
LOW WATER CROSSING 2017-12-07 6,800 2,303 SL 15.0000 453      
ONEIDA FLATWARE FOR 12 2017-10-05 382 289 SL 7.0000 55      
RECEPTION DESK AREA RUG 2017-11-30 224 163 SL 7.0000 32      
TILE AT N ENTRANCE 2017-03-01 2,543 991 SL 15.0000 170      
TILE AT RECEPTION SM CONF 2017-10-26 2,294 790 SL 15.0000 153      
MANITOWOC ICE MACH 2017-05-11 2,125 1,722 SL 7.0000 304      
2 HP LASER JET PRO M402DN 2018-11-28 576 470 SL 5.0000 106      
K150 KEURIG COFFEE MAKER 2018-07-19 200 128 SL 7.0000 29      
215 MORTON AC UPGRADE 30% 2018-07-03 10,800 3,240 SL 15.0000 720      
WTER HTR FOR KITCHEN 2018-07-19 260 163 SL 7.0000 37      
A MEYERS RD SECURITY GATE 2019-04-10 5,509 1,032 SL 20.0000 275      
AIR COMP 5.5HP 8 GAL-50% 2019-02-14 475 266 SL 7.0000 68      
BOOTH TRACT FENCE 2019-06-20 15,050 2,635 SL 20.0000 753      
SONICWALL TZ300 FIREWALL 2019-02-14 1,017 795 SL 5.0000 203      
DELL PWREDGE T640 FILE SV 2019-03-13 6,795 5,210 SL 5.0000 1,359      
DELL OPTIPLEX 7060-ROGER 2019-08-01 2,145 1,466 SL 5.0000 429      
DELL PRECISION 7530-SANDR 2019-08-01 3,676 2,511 SL 5.0000 735      
DELL OPTIPLEX 7060-MARLA 2019-08-01 1,486 1,015 SL 5.0000 297      
HP OFFICE JET 5255 PR-MD 2019-07-11 70 49 SL 5.0000 14      
GE 30IN ELECT RANGE 2019-06-20 939 469 SL 7.0000 134      
DISHWASHER WHIRLPOOL 2019-09-12 630 300 SL 7.0000 90      
2 25 TON A/C UNITS-30% 2019-10-30 30,823 6,507 SL 15.0000 2,055      
2016 KUBOTA RTV-X1140 - 2/3 2020-02-04 8,667 3,611 SL 7.0000 1,238      
PORTABLE WELDING MACHINE 2020-02-05 2,695 1,123 SL 7.0000 385      
STIHL CHAINSAW MS 170 2020-03-25 180 71 SL 7.0000 26      
STIHL POLE SAW HT 56 C-EZ 2020-03-25 400 157 SL 7.0000 57      
2020 JD 5115M TRACTOR - 50% 2020-08-17 34,550 11,517 SL 7.0000 4,936      
JD M15 FLEX WING SHREDDER - 50% 2020-08-26 8,699 2,900 SL 7.0000 1,243      
FENCE BOOTH TRACT 2020-10-05 10,566 1,188 SL 20.0000 528      
DELL OPTIPLEX 7070 - DONNA 2020-04-09 1,378 759 SL 5.0000 276      
DELL OPTIPLEX 7070 - DIANA 2020-07-28 1,648 797 SL 5.0000 330      
IPAD-10.2 IN WIFI - DONNA 2020-09-24 625 281 SL 5.0000 125      
STANLEY SECURITY CAMERAS INTERCOM 2020-07-07 6,345 1,587 SL 10.0000 635      
500 GAL SPRAY TANK 2021-12-10 3,106 481 SL 7.0000 444      
2021 FORD F-250 (50%) 2021-03-03 32,544 11,933 SL 5.0000 6,509      
LOGITECH WEBCAM (DIANA) 2021-06-04 130 41 SL 5.0000 26      
LOGITECH C 930 WEBCAM (ROGER) 2021-06-04 130 41 SL 5.0000 26      
AT&T SB3014 CONF PHONE 2021-07-26 248 50 SL 7.0000 35      
WIFI ACCESS POINTS, NETGEAR POE SWI 2021-09-10 360 96 SL 5.0000 72      
SONY BLUETOOTH WIRELESS SPEAKER 2021-10-27 89 21 SL 5.0000 18      
FELLOWES 99CI SHREDDER (DIANA) 2021-11-24 293 45 SL 7.0000 42      
LOGITECH C930E WEBCAM CONF RM 2021-12-22 130 26 SL 5.0000 26      
JABRA 750 WIRELESS SPEAKER CONF RM 2021-12-22 329 66 SL 5.0000 66      
DELL OPTIPLEX 7090 (CONF RM) 2021-12-22 1,242 248 SL 5.0000 248      
215 MORTON ROOF - 30% 2021-09-10 9,600 640 SL 20.0000 480      
BIG CREEK DRAINAGE PIPE 2022-05-16 20,525 798 SL 15.0000 1,368      
CIRCLE OAK IRRIGATION-TREE 2022-09-21 2,500 89 SL 7.0000 357      
11 2X4 4000K LIGHTS 2022-02-10 2,712 249 SL 10.0000 271      
SHARP MX-5071 COPIER 2022-02-14 9,695 1,270 SL 7.0000 1,385      
ANKER NUBULA PROJECTOR 2022-04-05 575 62 SL 7.0000 82      
FUJITSU SCAN SNAP (SANDRA) 2022-12-21 494   SL 5.0000 99      
SAMSUNG 85" TV CONF RM 2022-12-21 1,299   SL 7.0000 186      
2 POLY CCZ 400 PHONES 2023-06-23 466   SL 7.0000 33      
3 POLY VVX 450 PHONES 2023-06-23 342   SL 7.0000 24      
2 LH570 WIRELESS HEADSETS 2023-07-19 598   SL 7.0000 36      
APPLE IPAD PRO 12.9 (CONDREY) 2023-07-30 1,350   SL 5.0000 113      
APPLE IPAD PRO 12.9 (MEFFORD) 2023-09-07 1,299   SL 5.0000 87      
POLYCOM MICROPHONE 2023-09-26 185   SL 7.0000 7      
TRIO C60 CONF PHONE 2023-10-18 1,279   SL 7.0000 30      
2X4 LED LIGHT FIXTURES - 48 2023-02-15 8,183   SL 15.0000 500      
ELEVATOR NEW PHONE 2023-05-17 1,335   SL 7.0000 111      
SERRATO LANE BLDG IMPROVEMENTS 2023-10-27 20,747   SL 20.0000 173      
FENCE BETWEEN TGF & NRG 2023-11-28 16,067   SL 20.0000 67      

TY 2023 InvestmentsLandSchedule2
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings 31,717,111 6,398,365 25,318,746 184,854,720

TY 2023 LandEtcSchedule2
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings 30,672,718 18,113,292 12,559,426 28,645,163


TY 2023 LegalFeesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL LEGAL FEES 51,688 15,506 0 36,182
GRANT RELATED 104,177 0 0 104,177
OIL AND GAS RELATED 40,720 40,720 0 0
REAL ESTATE COUNCIL 96,428 96,428 0 0


TY 2023 OtherAssetsSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
BERRY PLACE HOLDINGS LP 7,192,538 12,962,600 16,799,490
BERRY PLACE VENTURE LP 6,717,188 6,711,576 8,408,336
BERRY PLACE VENTURES MGMT LLC 7,016 7,016 7,016
FAIRCHILD FARMERS COOP GIN RECEIVABLE 18,164 9,539 9,539
LID #6 REIMBURSEABLE 44,904 929,816 929,816
MMD #3 REIMBURSABLE 29,817 29,995 29,995
MUD #207 REIMBURSEABLE 6,604,894 6,612,206 6,612,206
MUD #237 REIMBURSABLE 63,022 63,382 63,382
OTHER ASSETS 9,055 9,055 9,055
PLAINS COTTON COOP ASSOC RECEIVABLE 2,403 2,808 2,808
PURCHASED INTEREST 5,841 15,133 15,133


TY 2023 OtherDecreasesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
WRITE OFF BASIS OF CHARITABLE USE ASSETS 279,356


TY 2023 OtherExpensesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GEORGE RANCH HISTORICAL PARK OPERATIONS 2,092,199     2,092,199
GRANT RELATED EXPENSES 391,924     391,924
INSURANCE 145,161 53,843   91,318
MISCELLANEOUS 16,998 1,955   15,043
OFFICE EXPENSE 69,372 40,516   28,856
PARTNERSHIP - NONDEDUCTIBLE EXPENSE 141      
REAL ESTATE RELATED EXPENSES 21,294 21,294    
Rental Expenses 296,082 296,082    
TRUSTEE EXPENSES 8,327 2,498   5,829


TY 2023 OtherIncomeSchedule2
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
EASEMENTS/ROW 15,067 15,067  
MISCELLANEOUS INCOME 4,855 4,855  
OIL & GAS ROYALTIES 1,090,188 1,090,188  
OTHER PORTFOLIO INCOME 18,012 18,012  
PARTNERSHIP INCOME 2,858,904 2,858,904  
PTN INCOME (AHC RYON) - UBTI -7,926    
PTN INCOME (OAKTREE) - UBTI -144,823    
PTNSHIP INCOME - UBTI CG 1231 21,317    
RECOVERY OF PRIOR GRANTS 120,344    
SALE OF LIVESTOCK 9,945    


TY 2023 OtherIncreasesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Amount
FMV OF LAND DONATED IN EXCESS OF BASIS 277,506


TY 2023 OtherLiabilitiesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
HOUSE DEPOSITS 1,900 1,650
CREDIT CARD DEBT 11,476 9,909
Rounding   1


TY 2023 OtherProfessionalFeesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER CONSULTING FEES 32,828 13,131 0 19,697
INVESTMENT CUSTODIAL FEES 50,332 50,332 0 0
INVESTMENT MANAGEMENT FEES 854,230 854,230 0 0
OTHER PROFESSIONAL FEES 3,900 1,560 0 2,340
REAL ESTATE CONSULTING FEES 313,950 313,950 0 0


TY 2023 TaxesSchedule
Name:
THE GEORGE FOUNDATION
EIN:
74-6043368
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AD VALOREM TAXES 110,313 89,362   20,951
EXCISE TAXES 353,000      
PAYROLL TAXES 81,105 28,387   52,718