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
Valley Baptist Legacy Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)1267 NORTH STUART PLACE ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HARLINGEN, TX78552
A Employer identification number

74-1936869
B Telephone number (see instructions)

(956) 335-3044
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$429,107,497J 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) 380,747
2 Check right arrow.............
3 Interest on savings and temporary cash investments 0 0  
4 Dividends and interest from securities... 9,774,004 9,774,004  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 19,608,359
b Gross sales price for all assets on line 6a 83,484,039
7 Capital gain net income (from Part IV, line 2)... 19,608,359
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
-2,936 55,801 0
12 Total. Add lines 1 through 11........ 29,760,174 29,438,164 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 459,525 78,841   355,884
14 Other employee salaries and wages...... 366,996 23,184   343,612
15 Pension plans, employee benefits....... 119,384 9,551   109,833
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,329 0 0 1,329
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
56,073 4,402 0 50,621
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
997,846 997,846 0 0
17 Interest............... 103,096      
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
443,577 4,593 0 52,821
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
39,914 0 0
20 Occupancy.............. 33,241 2,483   28,549
21 Travel, conferences, and meetings....... 70,684 7,934   60,036
22 Printing and publications.......... 4,035 323   3,712
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
576,626 352,307 0 274,045
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,272,326 1,481,464 0 1,280,442
25 Contributions, gifts, grants paid....... 22,893,248 17,993,429
26 Total expenses and disbursements. Add lines 24 and 25 26,165,574 1,481,464 0 19,273,871
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,594,600
b Net investment income (if negative, enter -0-) 27,956,700
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............. 255,417 141,240 141,240
2 Savings and temporary cash investments......... 12,178,990 8,816,405 8,816,405
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 35,477 25,757 25,757
10a Investments—U.S. and state government obligations (attach schedule) 16,426,109 Click to see attachment
List of Attached Documents:
// Content
20,200,650 		20,200,650
b Investments—corporate stock (attach schedule)....... 238,592,006 Click to see attachment
List of Attached Documents:
// Content
241,540,444 		241,540,444
c Investments—corporate bonds (attach schedule)....... 54,493,488 Click to see attachment
List of Attached Documents:
// Content
76,477,952 		76,477,952
11 Investments—land, buildings, and equipment: basis right arrow863,666
Less: accumulated depreciation (attach schedule) right arrow192,998 673,992 Click to see attachment
List of Attached Documents:
// Content
670,668 		670,668
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 62,947,267 Click to see attachment
List of Attached Documents:
// Content
69,168,721 		69,168,721
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
11,496,994 		Click to see attachment
List of Attached Documents:
// Content
12,065,660 		Click to see attachment
List of Attached Documents:
// Content
12,065,660
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 397,099,740 429,107,497 429,107,497
Liabilities 17 Accounts payable and accrued expenses.......... 213,273 112,862
18 Grants payable................. 3,248,157 8,126,676
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,995,576 		Click to see attachment
List of Attached Documents:
// Content
1,880,450
23 Total liabilities (add lines 17 through 22)......... 5,457,006 10,119,988
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........... 381,559,074 408,030,592
25 Net assets with donor restrictions............ 10,083,660 10,956,917
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)..... 391,642,734 418,987,509
30 Total liabilities and net assets/fund balances (see instructions). 397,099,740 429,107,497
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
391,642,734
2
Enter amount from Part I, line 27a .....................
2
3,594,600
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
23,750,175
4
Add lines 1, 2, and 3 ..........................
4
418,987,509
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
418,987,509
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 Short Term BOA - SEE ATTACHMENT D-1 P 2023-01-01 2023-12-31
b Long Term BOA - SEE ATTACHMENT D-2 P 2022-01-01 2023-12-31
c Long Term UBS - SEE ATTACHMENT D-3 P 2022-01-01 2023-12-31
d SANTE HEALTH VENTURES I P 2022-01-01 2023-12-31
e TIFF PE PARTNERS 2018, LP P 2023-01-01 2023-12-31
TIFF PE PARTNERS 2018, LP P 2022-01-01 2023-12-31
TIFF PE PARTNERS 2019, LP P 2023-01-01 2023-12-31
TIFF PE PARTNERS 2019, LP P 2022-01-01 2023-12-31
TIFF PE PARTNERS 2020, LP P 2023-01-01 2023-12-31
TIFF PE PARTNERS 2020, LP P 2022-01-01 2023-12-31
TSOF III P 2022-01-01 2023-12-31
HEP Distribution P 2022-01-01 2023-12-31
PRISA LP P 2022-01-01 2023-12-31
Gain on sale of laptops P 2022-01-01 2023-05-25
Basis adjustment      
(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 15,320,781   13,944,596 1,376,185
b 50,416,391   40,440,029 9,976,362
c 17,496,555   9,710,633 7,785,922
d 0   329,626 -329,626
e 0   2,027 -2,027
70,440   0 70,440
851   0 851
23,626   0 23,626
375   0 375
0   3,423 -3,423
598,952   0 598,952
344   0 344
110,094   0 110,094
100   0 100
184   0 184
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     0 1,376,185
b     0 9,976,362
c     0 7,785,922
d     0 -329,626
e     0 -2,027
    0 70,440
    0 851
    0 23,626
    0 375
    0 -3,423
    0 598,952
    0 344
    0 110,094
    0 100
    0 184
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 19,608,359
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) 1 388,598
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........................... 3 388,598
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- ..... 5 388,598
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 394,658
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.............. 7 394,658
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 6,060
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,060 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$   (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
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 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.VBLF.ORG
14
The books are in care ofright arrowKIMBERLY ANDERSON Telephone no.right arrow (956) 335-3044

Located atright arrow1267 NORTH STUART PLACE ROADHARLINGENTX ZIP+4right arrow78552
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)
Yes
 
(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
 
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
 
 
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
JULIO CAVAZOS CHAIRPERSON
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
REBEKAH BATOT VICE CHAIRPERSON
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
STEPHANIE JACKSON DDS SECRETARY
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
DENISE ALMON DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
JAMES CASTILLO MD DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
BOB DUNCAN DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
ELSA CARDENAS HAGAN ED D DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
ALICIA NOYOLA ED D DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
CARLOS MUNIZ CPA DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
BETH PACE DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
ADELA VALDEZ MD DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
CARLOS VARELA DIRECTOR
1.000 		0 0 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
KIMBERLY ANDERSON FINANCE DIRECTOR
40.000 		212,138 22,756 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
JUDY QUISENBERRY EXECUTIVE DIRECTOR
40.000 		247,387 17,095 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
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
EVELYN CASTILLEJA GARZA SR GRANTS SPECIALIST
40.000 		91,837 12,739 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
BERNADETTE PEREZ GRANTS SPECIALIST
40.000 		68,304 11,066 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
JUANITA REYES ALMANZA ACCOUNTANT and HR
30.000 		65,591 17,986 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
ALONDRA WILLIS GRANTS ASSOCIATE
40.000 		58,068 22,195 0
1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552
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
BANK OF AMERICA PRIVATE BANK INVESTMENT BROKER 703,614
300 COVENANT STREET
8TH FLOOR
SAN ANTONIO,TX78205
UBS FINANCIAL SERVICES INC INVESTMENT BROKER 294,232
1100 POYDRAS STREET
STE 900
NEW ORLEANS,LA701630900
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right 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
401,691,381
b
Average of monthly cash balances.......................
1b
184,481
c
Fair market value of all other assets (see instructions)................
1c
10,242,597
d
Total (add lines 1a, b, and c).........................
1d
412,118,459
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
412,118,459
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
6,181,777
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
405,936,682
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
20,296,834
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
20,296,834
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
388,598
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
388,598
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
19,908,236
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
19,908,236
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
19,908,236
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
19,273,871
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
19,273,871
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 19,908,236
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 5,530,685
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 ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 19,273,871
a Applied to 2022, but not more than line 2a 5,530,685
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..... 13,743,186
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023.   0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 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...... 		 
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 .......... 		6,165,050
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.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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).)
NOT APPLICABLE
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.
NOT APPLICABLE
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:
JUDY QUISENBERRY
1267 N STUART PLACE RD
HARLINGEN,TX78552
(956) 335-3037
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION FORM AVAILABLE ON VALLEY BAPTIST LEGACY FOUNDATION WEBSITE INCLUDE 501(C)(3) DETERMINATION, PROGRAM BUDGET, 2 PRIOR YEAR FINANCIAL STATEMENTS, CURRENT YEAR BUDGET, AUDIT, BUDGET NARRATIVE AND BOARD MEMBER LISTING, IF APPLICABLE.
cAny submission deadlines:
NOVEMBER 1, MAY 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MUST SERVE 4 COUNTIES- CAMERON, HIDALGO, WILLACY & STARR SHOULD BE HEALTHCARE RELATED, 501(C)(3) OR GOVERNMENT ENTITY
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

Access Esperanza Clinics

916 E HACKBERRY AVE SUITE B STE B
MCALLEN,TX78501 		NONE PC CHARITABLE 50,000

Alzheimer's Association San Antonio & South Texas

1100 NORTHWEST LOOP 410 STE 302
SAN ANTONIO,TX78213 		NONE PC CHARITABLE 50,000

Aurora House Foundation

2646 W 18TH STREET
WESLACO,TX78596 		NONE PC CHARITABLE 75,000

Austin Community Foundation

4315 GUADALUPE ST STE 300
AUSTIN,TX78751 		NONE PC CHARITABLE 2,500

Big Heroes

3615 CHARMAINE LN
BROWNSVILLE,TX78526 		NONE PC CHARITABLE 8,000

Boys & Girls Club of Harlingen

1209 W WASHINGTON AVE
HARLINGEN,TX78550 		NONE PC CHARITABLE 50,000

Boys & Girls Club of San Benito

PO Box 443
San Benito,TX78586 		NONE PC CHARITABLE 6,200

Boys and Girls Club of Pharr

1026 S FIR ST
PHARR,TX78577 		NONE PC CHARITABLE 50,000

Brownsville Wellness Coalition

1 W UNIVERSITY BLVD
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 6,200

Cameron County Parks & Recreation

33174 State Park Rd 100
South Padre Island,TX78597 		NONE PC CHARITABLE 500,000

Child Abuse Education Program of South Texas

2922 EMERALD LAKE DR
HARLINGEN,TX78550 		NONE PC CHARITABLE 35,000

Children's Bereavement Center

2302 S 77 SUNSHINE STRIP STE 202
HARLINGEN,TX78550 		NONE PC CHARITABLE 158,000

Children's Defense Fund of Texas

840 1ST ST NE STE 300
WASHINGTON,DC20002 		NONE PC CHARITABLE 50,000

Children's Hunger Fund

4940 EISENHAUER RD STE 146
SAN ANTONIO,TX78218 		NONE PC CHARITABLE 46,970

City of Alton

509 S ALTON BLVD
ALTON,TX78573 		NONE GOV CHARITABLE 342,868

City of Elsa

102 DIANA ST
ELSA,TX78543 		NONE GOV CHARITABLE 93,368

City of Mission

1201 E 8TH STREET
MISSION,TX78572 		NONE GOV CHARITABLE 500,000

City of Pharr

118 S CAGE BLVD
PHARR,TX78577 		NONE GOV CHARITABLE 50,004

City of Primera

22893 Stuart Place Rd
Harlingen,TX78552 		NONE GOV CHARITABLE 50,000

City of Rio Hondo

PO Box 389 121 North Arroyo
Rio Hondo,TX78583 		NONE GOV Hondo Boat Ramp 54,091

Community Hope Projects Inc

2332 JORDAN RD
MCALLEN,TX78503 		NONE PC CHARITABLE 50,000

Culture of Life Ministries

PO BOX 533162
HARLINGEN,TX78553 		NONE PC CHARITABLE 750

Dentists Who Care

307 E RAILROAD ST STE 112
WESLACO,TX78596 		NONE PC CHARITABLE 158,000

Driscoll Children's Hospital Development Foundation

3533 S ALAMEDA ST
CORPUS CHRISTI,TX78411 		NONE PC CHARITABLE 10,750,000

Family Crisis Center

616 W TAYLOR
HARLINGEN,TX78550 		NONE PC CHARITABLE 100,000

Family Endeavors

6363 DE ZAVALA RD
SAN ANTONIO,TX78249 		NONE PC CHARITABLE 50,000

Friendship of Women

PO BOX 3112
BROWNSVILLE,TX78523 		NONE PC CHARITABLE 8,000

Good Neighbor Settlement House

1254 E TYLER ST
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 242,845

Good Samaritan Community Services

1600 SALTILLO STREET
SAN ANTONIO,TX78207 		NONE PC CHARITABLE 25,000

Harlingen CISD

407 N 77 SUNSHINE STRIP
HARLINGEN,TX78550 		NONE PC CHARITABLE 209,200

Harlingen Neighborhood Food Pantry

PO BOX 937
HARLINGEN,TX78551 		NONE PC CHARITABLE 240,290

Holy Family Services

5819 FM 88
WESLACO,TX78599 		NONE PC CHARITABLE 125,000

Housing and Community Services

PO BOX 1987
HUTCHINSON,KS67504 		NONE PC CHARITABLE 30,000

IDEA Public Schools

2115 W PIKE BLVD
WESLACO,TX78596 		NONE PC CHARITABLE 218,737

It's Time Texas

911 W ANDERSON LN STE 202
AUSTIN,TX78757 		NONE PC CHARITABLE 391,338

La Posada Providencia

30094 MARYDALE RD
SAN BENITO,TX78586 		NONE PC CHARITABLE 50,000

Laguna Madre Youth Center

190 PORT RD
PORT ISABEL,TX78578 		NONE PC CHARITABLE 50,000

Moody Clinic

1901 E 22ND STREET
BROWNSVILLE,TX78521 		NONE PC CHARITABLE 100,000

Nuevos Horizontes of Starr County

102 N TEXAS ST
RIO GRANDE CITY,TX78582 		NONE PC CHARITABLE 23,000

Project Fit America

PO Box 308
Boyes Hot Springs,CA95416 		NONE PC CHARITABLE 262,060

Proyecto Desarrollo Humano

17617 SABAL PALM DR
PENITAS,TX78576 		NONE PC CHARITABLE 25,000

Proyecto Juan Diego

3910 PAREDES LINE RD
BROWNSVILLE,TX78526 		NONE PC CHARITABLE 6,200

RCCC Inc

355 W ELIZABETH ST STE 100
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 210,700

Santa Maria High School

901 S Broadway
Santa Maria,CA93454 		NONE PC CHARITABLE 37,550

Special Olympics Texas RGV

109 N BORDER AVE PO BOX 1153
WESLACO,TX78599 		NONE PC CHARITABLE 50,000

STCH Ministries

PO Box 759
Beeville,TX78104 		NONE PC CHARITABLE 25,000

Sunshine Haven Inc

7105 W LAKESIDE BLVD
OLMITO,TX78575 		NONE PC CHARITABLE 106,200

Teach for America

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE PC CHARITABLE 75,000

Team Mario

PO Box 2985
Edinburg,TX78540 		NONE PC CHARITABLE 50,000

The Enrique San Pedro Ozanam Center

656 N MINNESOTA AVE
BROWNSVILLE,TX78521 		NONE PC CHARITABLE 50,000

The Salvation Army - Harlingen

119 E MONROE
HARLINGEN,TX78550 		NONE PC CHARITABLE 50,000

Tip of Texas Family Outreach

455 E LEVEE ST
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 36,689

Tropical Texas Behavioral Health

1901 S 24TH AVE
EDINBURG,TX78539 		NONE PC Mental Health Officer Services 500,000

Tropical Texas Behavioral Health

1901 S 24TH AVE
EDINBURG,TX78539 		NONE PC Military Veterans Peer Centers 260,000

Tropical Texas Behavioral Health

1901 S 24TH AVE
EDINBURG,TX78539 		NONE PC Unite Us 634,161

TX Children's Hospital

101 W EXPY 83
MCALLEN,TX78503 		NONE PC CHARITABLE 100,000

United Way of Southern Cameron County

634 E LEVEE ST
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 6,200

UT Health Science Center - San Antonio

7703 FLOYD CURL DRIVE
SAN ANTONIO,TX78229 		NONE PC CHARITABLE 93,650

Valley Off-Road Bicycling Assoc

PO Box 188
San Benito,TX78586 		NONE PC CHARITABLE 150,000

VIDA

2612 S ARLINGTON MILL DR UNIT C
ARLINGTON,VA22206 		NONE PC CHARITABLE 100,000

Waco Foundation

800 WASHINGTON AVE
WACO,TX76701 		NONE PC CHARITABLE 85,000

130 MAMMOGRAM ULTRASOUND PROSTHETIC VOUCHERS

C/O 1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552 		NONE I PROVIDE MAMMOGRAMS OR BREAST PROSTHETICS 11,240

60 NURSING SCHOLARSHIPS RANGING FROM 250-2000

C/O 1267 NORTH STUART PLACE ROAD
HARLINGEN,TX78552 		NONE I NURSING SCHOLARSHIP 54,300

HARPER HILL GLOBAL

PO Box 121053
Nashville,NC37212 		NONE PC TRIUMPH OVER TRAUMA; SUPPLIES, TRAINING, MISC 14,118
Total .................................right arrow 3a 17,993,429
bApproved for future payment

Children's Bereavement Center
2302 S 77 SUNSHINE STRIP STE 202
HARLINGEN,TX78550 		NONE PC CHARITABLE 150,000

Driscoll Children's Hospital Development Foundation
3533 S ALAMEDA ST
CORPUS CHRISTI,TX78411 		NONE PC CHARITABLE 6,250,000

It's Time Texas
911 W ANDERSON LN STE 202
AUSTIN,TX78757 		NONE PC CHARITABLE 345,056

RCCC Inc
355 W ELIZABETH ST STE 100
BROWNSVILLE,TX78520 		NONE PC CHARITABLE 24,300

Tropical Texas Behavioral Health
1901 S 24TH AVE
EDINBURG,TX78539 		NONE PC Military Veterans Peer Centers 260,000

Tropical Texas Behavioral Health
1901 S 24TH AVE
EDINBURG,TX78539 		NONE PC Unite Us 59,052
Total ................................. right arrow 3b 7,088,408
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 ........... 		         
4 Dividends and interest from securities ....     14 9,774,004  
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 ............ 		    26 19,608,359  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMANAGEMENT FEE REVENUE 		541610 25,000   0  
bPARTNERSHIP INCOME 901101 -83,751 1 55,801  
cMISCELLANEOUS REVENUE   0 1 14  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -58,751 29,438,178 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
29,379,427
(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: 23017437
Software Version: 2023v5.1


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
Valley Baptist Legacy Foundation
 
Employer identification number

74-1936869
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
Valley Baptist Legacy Foundation
  		Employer identification number
74-1936869
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
MM & NA EVERETT FOUNDATION
 
BOA 901 MAIN ST 19TH FLOOR
 
DALLAS, TX75202

$ 10,963


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TR UA JOHN O REBER MEM COBALT
 
BOA 901 MAIN ST 19TH FLOOR
 
DALLAS, TX75202

$ 17,610


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
TENET HEALTH - VALLEY HEALTHCARE NETWORK
 
PO Box 809074
 
DALLAS, TX75380

$ 32,550


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
Billie Jean Wilson Estate (Raymond James Global Account)
 
880 Carillon Parkway
 
St Petersburg, FL33716

$ 364,302


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
Nancy Diane Driver
 
1267 NORTH STUART PLACE ROAD
 
HARLINGEN, TX78552

$ 26,230


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
Hazel K Snyder death benefit (Lincoln National Life Insurance Co)
 
100 North Greene Street
 
Greensboro, NC27401

$ 100,205


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
Valley Baptist Legacy Foundation
  		Employer identification number

74-1936869
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
Valley Baptist Legacy Foundation
  		Employer identification number

74-1936869
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: 23017437
Software Version: 2023v5.1

TY 2023 AccountingFeesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 56,073 4,402 0 50,621

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

TY 2023 DepreciationSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
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
Depreciable assets   863,666 153,084 VARIOUS   39,914      

TY 2023 InvestmentsCorpBondsSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
UBS - SEE ATTACHMENT II-4 47,343,831 47,343,831
BOA - SEE ATTACHMENT II-5 29,134,121 29,134,121

TY 2023 InvestmentsCorpStockSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
UBS - SEE ATTACHMENT II-2 120,641,799 120,641,799
BOA - SEE ATTACHMENT II-3 120,898,645 120,898,645

TY 2023 InvestmentsGovtObligationsSch
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
US Government Securities - End of Year Book Value:

20,200,650
US Government Securities - End of Year Fair Market Value:

20,200,650
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2023 InvestmentsLandSchedule2
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
DEPRECIABLE ASSETS 863,666 192,998 670,668 670,668

TY 2023 InvestmentsOtherSchedule2
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
UBS - SEE ATTACHMENT II-6 FMV 4,136,011 4,136,011
BOA - REAL ESTATE - ATTACHMENT II-7 FMV 10,049,070 10,049,070
BOA - HEDGE FUND: - ATTACHMENT II-8 FMV 12,270,645 12,270,645
SANTE HEALTH VENTURES FMV 2,700,547 2,700,547
HEALTH ENTERPRISE PARTNERS FMV 277,427 277,427
TIFF ABSOLUTE RETURN POOL II FMV 8,450,039 8,450,039
BLACKSTONE OFFSHORE PE FUND IV FMV 8,432,492 8,432,492
PRISA LP FMV 11,450,136 11,450,136
BLACKSTONE TOTAL ALT SLTS V-A FMV 3,058,968 3,058,968
CANYON DISTRESSED OPP FUND III FMV 5,776,496 5,776,496
PE BOA HAMILTON LANE FMV 2,566,890 2,566,890

TY 2023 LegalFeesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,329 0 0 1,329


TY 2023 OtherAssetsSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ENDOWMENT FUNDS 9,243,496 9,735,805 9,735,805
RESTRICTED BURIAL PLOT 925 925 925
INTEREST RECEIVABLE 335,395 411,067 411,067
INSURANCE POLICIES CASH VALUE 869,102 865,700 865,700
OTHER RECEIVABLE 44,769 66,904 66,904
NOTE RECEIVABLE 328,307 310,259 310,259
LAND HELD FOR RESALE 675,000 675,000 675,000


TY 2023 OtherExpensesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE AND COMPUTER EXPENSE 109,944 11,417 0 101,789
INSURANCE 53,198 3,559 0 40,991
OTHER EXPENSE 11,308 0 0 14,142
PURCHASED SERVICES 32,858 2,228 0 22,908
PORTFOLIO EXPENSES 335,103 335,103 0 0
GRANT PROGRAM DEVELOPMENT 34,215 0 0 94,215


TY 2023 OtherIncomeSchedule2
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MANAGEMENT FEE REVENUE 25,000 0 0
PARTNERSHIP INCOME -27,950 55,801 0
MISCELLANEOUS REVENUE 14 0 0


TY 2023 OtherIncreasesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
unrealized gain 22,639,544
TEMP & PERM RESTRICTED NET ASSET CHANGES 873,257
BOOK/TAX DIFFERENCES FROM K-1S 237,374


TY 2023 OtherLiabilitiesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
ANNUITY LIABILITIES 1,995,576 1,880,450


TY 2023 OtherProfessionalFeesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UBS INVESTMENT MGMT FEES 703,614 703,614 0 0
BOA INVESTMENT MGMT FEES 294,232 294,232 0 0


TY 2023 TaxesSchedule
Name:
Valley Baptist Legacy Foundation
EIN:
74-1936869
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 386,163 0 0 0
PAYROLL TAXES 57,414 4,593 0 52,821