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
DAVID AND LINDA SWAIN FOUNDATION
 
% david swain
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 40027
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
S PADRE ISLE, TX785974027
A Employer identification number

82-2431304
B Telephone number (see instructions)

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$2,781,401J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 458 458  
4 Dividends and interest from securities... 51,797 51,797  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
118,224
b Gross sales price for all assets on line 6a 1,198,822
7 Capital gain net income (from Part IV, line 2)... 118,224
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).......      
12 Total. Add lines 1 through 11........ 170,479 170,479  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
42,150 42,150   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,150 42,150   0
25 Contributions, gifts, grants paid....... 131,500 131,500
26 Total expenses and disbursements. Add lines 24 and 25 173,650 42,150   131,500
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,171
b Net investment income (if negative, enter -0-) 128,329
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............. 0 0 0
2 Savings and temporary cash investments......... 10,838 3,697 3,697
3 Accounts receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
4 Pledges receivable right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
5 Grants receivable................. 0 0 0
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.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,581,621 Click to see attachment
List of Attached Documents:
// Content
2,777,704 		2,777,704
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 0 0 0
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,592,459 2,781,401 2,781,401
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,592,459 2,781,401
25 Net assets with donor restrictions............ 0 0
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)..... 2,592,459 2,781,401
30 Total liabilities and net assets/fund balances (see instructions). 2,592,459 2,781,401
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
2,592,459
2
Enter amount from Part I, line 27a .....................
2
-3,171
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
365,763
4
Add lines 1, 2, and 3 ..........................
4
2,955,051
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
173,650
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,781,401
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 Publicly Traded Securities - linde plc      
b Publicly Traded Securities - williams companies      
c Publicly Traded Securities - waste management      
d Publicly Traded Securities - visa inc      
e Publicly Traded Securities - verizon      
Publicly Traded Securities - united parcel service      
Publicly Traded Securities - union pac corp      
Publicly Traded Securities - sempra      
Publicly Traded Securities - sap se spon adr      
Publicly Traded Securities - rtx corp      
Publicly Traded Securities - procter and gamble      
Publicly Traded Securities - pfizer inc      
Publicly Traded Securities - ppg industries inc      
Publicly Traded Securities - oracle corp      
Publicly Traded Securities - mondelez international      
Publicly Traded Securities - microsoft corp      
Publicly Traded Securities - metlife inc      
Publicly Traded Securities - merck & co      
Publicly Traded Securities - mastercard      
Publicly Traded Securities - johnson & johnson      
Publicly Traded Securities - jp morgan chase      
Publicly Traded Securities - general motors      
Publicly Traded Securities - enbridge inc      
Publicly Traded Securities - edison inter      
Publicly Traded Securities - eqt corp      
Publicly Traded Securities - disney walt co      
Publicly Traded Securities - comcast corp      
Publicly Traded Securities - coca cola      
Publicly Traded Securities - cisco systems      
Publicly Traded Securities - chesapeake energy      
Publicly Traded Securities - broadcom incorporated      
Publicly Traded Securities - becton dickinson      
Publicly Traded Securities - bank of american      
Publicly Traded Securities - apple incorporated      
Publicly Traded Securities - american tower corp      
Publicly Traded Securities - american international group      
Publicly Traded Securities - spdr s&p 500 etf      
Publicly Traded Securities - public storage reit      
Publicly Traded Securities - intel corporation      
Publicly Traded Securities - general motors      
Publicly Traded Securities - enbridge inc      
Publicly Traded Securities - edison international      
Publicly Traded Securities - diageo plc spon      
Publicly Traded Securities - capital one      
Publicly Traded Securities - bank of america      
Publicly Traded Securities - willis towers      
Publicly Traded Securities - waener bros discovery inc      
Publicly Traded Securities - us foods      
Publicly Traded Securities - sysco corp      
Publicly Traded Securities - post hldgs inc      
Publicly Traded Securities - netflix inc      
Publicly Traded Securities - molson coor bev      
Publicly Traded Securities - mastercard inc      
Publicly Traded Securities - ge co      
Publicly Traded Securities - ge healthcare      
Publicly Traded Securities - franklin resources inc      
Publicly Traded Securities - fedex      
Publicly Traded Securities - disney      
Publicly Traded Securities - capital one      
Publicly Traded Securities - inbev/sa      
Publicly Traded Securities - amex co      
Publicly Traded Securities - affiliated managers group      
Publicly Traded Securities - clarivate plc      
Publicly Traded Securities - ishares tr core etf      
Publicly Traded Securities - international flavors fragranc      
Publicly Traded Securities - avantor inc      
Publicly Traded Securities - altice usa inc      
(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 7,896 0 3,432 4,464
b 9,261 0 6,739 2,522
c 1,351 0 624 727
d 976 0 419 557
e 16,765 0 26,537 -9,772
6,634 0 4,434 2,200
1,273 0 685 588
1,092 0 987 105
7,710 0 5,958 1,752
19,041 0 15,199 3,842
6,302 0 3,955 2,347
2,775 0 3,037 -262
1,550 0 1,400 150
3,374 0 1,909 1,465
5,720 0 3,308 2,412
14,545 0 3,294 11,251
4,249 0 3,397 852
1,245 0 752 493
11,955 0 4,554 7,401
6,112 0 5,056 1,056
1,432 0 1,534 -102
5,286 0 7,032 -1,746
32,508 0 36,043 -3,535
19,866 0 21,603 -1,737
8,221 0 5,128 3,093
16,049 0 18,125 -2,076
1,644 0 1,425 219
740 0 594 146
1,956 0 2,033 -77
9,210 0 7,990 1,220
6,945 0 1,679 5,266
1,295 0 1,153 142
27,164 0 25,300 1,864
33,978 0 8,027 25,951
1,340 0 981 359
9,522 0 6,692 2,830
128,486 0 121,881 6,605
15,650 0 17,423 -1,773
5,898 0 9,469 -3,571
4,293 0 5,573 -1,280
7,931 0 8,587 -656
3,332 0 3,684 -352
24,995 0 26,895 -1,900
3,761 0 3,496 265
4,425 0 4,810 -385
11,860 0 9,776 2,084
4,387 0 5,005 -618
9,036 0 7,236 1,800
15,910 0 11,440 4,470
1,689 0 1,342 347
47,942 0 25,639 22,303
22,149 0 17,944 4,205
32,621 0 23,909 8,712
34,585 0 22,426 12,159
9,044 0 6,607 2,437
47,729 0 41,871 5,858
17,732 0 8,567 9,165
6,784 0 12,020 -5,236
6,407 0 4,918 1,489
35,991 0 37,848 -1,857
14,832 0 7,505 7,327
17,817 0 10,885 6,932
90,120 0 96,435 -6,315
171,708 0 162,651 9,057
1,973 0 1,729 244
40,322 0 44,070 -3,748
52,431 0 77,942 -25,511
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       4,464
b       2,522
c       727
d       557
e       -9,772
      2,200
      588
      105
      1,752
      3,842
      2,347
      -262
      150
      1,465
      2,412
      11,251
      852
      493
      7,401
      1,056
      -102
      -1,746
      -3,535
      -1,737
      3,093
      -2,076
      219
      146
      -77
      1,220
      5,266
      142
      1,864
      25,951
      359
      2,830
      6,605
      -1,773
      -3,571
      -1,280
      -656
      -352
      -1,900
      265
      -385
      2,084
      -618
      1,800
      4,470
      347
      22,303
      4,205
      8,712
      12,159
      2,437
      5,858
      9,165
      -5,236
      1,489
      -1,857
      7,327
      6,932
      -6,315
      9,057
      244
      -3,748
      -25,511
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 2 118,224
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 -28,038
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 1,784
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,784
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,784
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,784
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow0 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrown/a
14
The books are in care ofright arrowDavid O Swain Telephone no.right arrow (956) 761-3303

Located atright arrow6412 beach drsouth padre islandTX ZIP+4right arrow78597
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
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
 
No
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
David Swain President
1.00 		0 0 0
po box 40027
6412 beach dr
south padre island,TX78597
Linda Swain Vice President
1.00 		0 0 0
po box 40027
6412 beach dr
south padre island,TX78597
Elizabeth Zwiebelman Director
0.50 		0 0 0
109 ladue farm
Chesterfield,MO63141
Susan OLeary Director
0.50 		0 0 0
14288 forest crest dr
Chesterfield,MO63017
Douglas Swain Director
0.50 		0 0 0
1952 lunenburg
St Peters,MO63376
John Swain Director
0.50 		0 0 0
4107 huron ct
Columbia,MO65203
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 chapel by the sea - cash donation 12,000
2 american red cross - cash donation 5,000
3 sea turtle inc - cash donation 5,000
4 port isabel high school - cash donation 5,000
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
0
b
Average of monthly cash balances.......................
1b
16,956
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
16,956
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
16,956
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
254
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,702
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
835
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
835
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,784
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
1,784
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
0
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
0
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
0
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
131,500
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
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
131,500
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 0
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 110,135
e From 2022...... 137,271
f Total of lines 3a through e ........ 247,406
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 131,500
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 0
e Remaining amount distributed out of corpus 131,500
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 378,906
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		378,906
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 110,135
d Excess from 2022.... 137,271
e Excess from 2023.... 131,500
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Evans Scholars


2501 Patriots blvd
Glenview,IL60026 		  PC education 250
Laguna Madre Chrisrian Academymy


30640 Holly beach road
laguna vista,TX78578 		  PC education 1,000
marine military academy


320 iwo jima blvd
harlingen,TX78550 		  PC education 1,000
NACME


1432 duke street
alexandria,VA22314 		  PC education 1,000
UMSL


1 university blvd
st louis,MO63132 		  PC education 5,000
UM- Col


407 reynolds alimni center
columbia,MO65211 		  PC education 5,000
Missouri Science and Tech


1100 n pine st
rolla,MO65409 		  PC education 5,000
Truman State


100 e normal ave
kirksville,MO63501 		  PC education 5,000
St Louis comm college


3221 mckelvey
bridgeton,MO63044 		  PC education 5,000
port isabel high school


18001 hwy 100
port isabel,TX78578 		  PC education 5,000
folds of honor


dep 3
tulsa,OK74182 		  PC education 2,000
rose hulman


5500 wabash ave
terre haute,IN47803 		  PC education 1,000
american red cross


po box 37839
boone,IA50037 		  PC public service 5,000
lagnua madre youth center


190 port rd
pot isabel,TX78578 		  PC public service 1,000
friends of rescued animals


4908 padre blvd
south padre island,TX78597 		  PC public service 5,000
habitat for humanity


121 habitat st
americus,GA31709 		  PC public service 5,000
rio grand valley food bank


3105 cage blvd
pharr,TX78577 		  PC public service 5,000
salvation army


po bpx 820
poteet,TX78065 		  PC public service 1,000
sea turtle inc


6671 padre blvd
south padre island,TX78597 		  PC public service 5,000
south padre birding center


6801 padre blvd
south padre island,TX78597 		  PC public service 5,000
st louis science center


5050 oakland ave
st louis,MO63110 		  PC public service 1,000
community living of st charles


1040 st peters howell rd
st peters,MO63376 		  PC public service 2,000
DDRB of st charles


1025 country club rd
st charles,MO63303 		  PC public service 2,500
el paseo arts founation


po box 11185
port isabel,TX78578 		  PC public service 5,000
joy fm


6469 parkland dr
sarasota,FL34243 		  PC public service 1,000
our military kids


6861 elm st suite 2a
mclean,VA22101 		  PC public service 1,000
willow way


800 friendens rd suite 100
st charles,MO63303 		  PC public service 5,000
AFSP


120 wall st 29th floor
new york,NY10005 		  PC public service 1,000
blue sunday


po box 531653
harlingen,TX78553 		  PC public service 1,000
innsbrook historical society


2292 alpine dr
innsbrook,MO63390 		  PC public service 250
turning point


po box 426
warrenton,MO63383 		  PC public service 1,000
life line st louis


438 n skinker
stouis,MO63130 		  PC public service 3,000
autism speaks


po box 37148
boone,IA50037 		  PC public service 1,000
chapel by the sea


po box 2478
south padre island,TX78597 		  PC religious 12,000
fellowship pf christian athletics


8701 leads rd
kanas city,MO64129 		  PC religious 2,500
Alzhiemer Research


225 n michigan ave
chicago,IL60601 		  PC medical 2,000
american cancer society


po box 105457
atlanta,GA30348 		  PC medical 2,000
american diabetes foundation


po box 834
merrified,VA30348 		  PC medical 1,000
leukemia and lymphoma society


3 international dr suite 200
rye brook,NY10573 		  PC medical 2,000
march of dimes


po box 8972
topeka,KS66608 		  PC medical 1,000
md anderson center


po box 4464
houston,TX77210 		  PC medical 1,000
national multiple scerosis


po box 916848
dallas,TX75381 		  PC medical 2,000
st jude childerns research hos


501 st judes place
memphis,TN38105 		  PC medical 1,000
ALS


po box 37022
boone,IA50037 		  PC medical 2,000
DKMS


100 broadway 6th floor
new york,NY10005 		  PC medical 2,500
arthritis foundation


1355 peachtree st suite 600
altanta,GA30309 		  PC medical 1,000
MDA


po box 97075
washington,DC20077 		  PC medical 2,000
ronald mcdonald house


1720 treasure hills blvd
harlingen,TX78550 		  PC medical 1,500
chicago ronald house


po box 7002
hines,IL60141 		  PC medical 1,000
shriners


po box1510
ranson,WI25438 		  PC medical 1,000
smile train


po box 96231
wahington,DC20090 		  PC medical 1,000
Total .................................right arrow 3a 131,500
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		522100 0 14 0 458
4 Dividends and interest from securities .... 523210 0 14 0 51,797
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 ............ 		523000 0 14 0 118,224
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 0 170,479
13Total. Add line 12, columns (b), (d), and (e)..................
13
170,479
(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.)
3 income used for donations
4 income used for donations
8 income used for donations
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: 23017649
Software Version: V1.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 InvestmentsCorpStockSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
23017649
Software Version:
V1.0
Name of Stock End of Year Book Value End of Year Fair Market Value
raymond james managed account k238 1,293,757 1,293,757
raymond james managed account t849 1,483,947 1,483,947

TY 2023 OtherDecreasesSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
23017649
Software Version:
V1.0
Description Amount
contributions 131,500
investment management fees 42,150


TY 2023 OtherExpensesSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
23017649
Software Version:
V1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees to raymond james 42,150 42,150 0 0


TY 2023 OtherIncreasesSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
23017649
Software Version:
V1.0
Description Amount
growth in managed stock accounts 365,763