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
DODGE JONES LEGACY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 701
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ABILENE, TX79604
A Employer identification number

83-0775721
B Telephone number (see instructions)

(325) 627-7100
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$39,114,047J 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 687 687  
4 Dividends and interest from securities... 765,704 765,704  
5a Gross rents............ 95,648 95,648  
b Net rental income or (loss) -153,924
6a Net gain or (loss) from sale of assets not on line 10 1,624,940
b Gross sales price for all assets on line 6a 5,793,424
7 Capital gain net income (from Part IV, line 2)... 1,624,940
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 3,623
b Less: Cost of goods sold.... 200
c Gross profit or (loss) (attach schedule)..... 3,423  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
537,287 631,674  
12 Total. Add lines 1 through 11........ 3,027,689 3,118,653  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
17,844 17,844   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,530 22,530   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
174,811 174,811   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
36,046 36,046   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
521,681 406,147  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
288,406 278,406   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,061,318 935,784   0
25 Contributions, gifts, grants paid....... 1,800,000 1,800,000
26 Total expenses and disbursements. Add lines 24 and 25 2,861,318 935,784   1,800,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 166,371
b Net investment income (if negative, enter -0-) 2,182,869
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 14,140 12,178 12,178
2 Savings and temporary cash investments......... 1,142,444 555,526 555,526
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,193,881 Click to see attachment
List of Attached Documents:
// Content
20,006,957 		29,745,594
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,609,722 Click to see attachment
List of Attached Documents:
// Content
3,594,643 		5,852,018
14 Land, buildings, and equipment: basis right arrow2,516,954
Less: accumulated depreciation (attach schedule) right arrow106,041 2,418,753 Click to see attachment
List of Attached Documents:
// Content
2,410,913 		2,936,618
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,281 		Click to see attachment
List of Attached Documents:
// Content
12,113 		Click to see attachment
List of Attached Documents:
// Content
12,113
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,384,221 26,592,330 39,114,047
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
620,486 		Click to see attachment
List of Attached Documents:
// Content
645,451
23 Total liabilities (add lines 17 through 22)......... 620,486 645,451
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 21,059,328 21,059,328
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 4,704,407 4,887,551
29 Total net assets or fund balances (see instructions)..... 25,763,735 25,946,879
30 Total liabilities and net assets/fund balances (see instructions). 26,384,221 26,592,330
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
25,763,735
2
Enter amount from Part I, line 27a .....................
2
166,371
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
16,906
4
Add lines 1, 2, and 3 ..........................
4
25,947,012
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
133
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,946,879
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 ACTIVISION BLIZZARD INC   2023-01-01 2023-12-31
b AERCAP HOLDINGS NV   2023-01-01 2023-12-31
c ALPHABET INC CL A   2023-01-01 2023-12-31
d AMAZON.COM INC   2023-01-01 2023-12-31
e APPLE INC COM   2023-01-01 2023-12-31
APTIV PLC SHS   2023-01-01 2023-12-31
BAKER HUGHES COMPANY CL A   2023-01-01 2023-12-31
BROADCOM INC COM   2023-01-01 2023-12-31
CAPITAL GAINS/LOSSES FROM PARTNERSHIPS P 2023-01-01 2023-12-31
CATALENT INC   2023-01-01 2023-12-31
COWAN-DEVON SETTLEMENT   2023-01-01 2023-12-31
CVS HEALTH CORP   2023-01-01 2023-12-31
CVS HEALTH CORP   2023-01-01 2023-12-31
DANAHER CORPORATION COM   2023-01-01 2023-12-31
ENTEGRIS INC   2023-01-01 2023-12-31
FEDEX CORP   2023-01-01 2023-09-30
FEDEX CORP   2023-01-01 2023-09-30
FERGUSON PLC NEW SHS COM   2023-01-01 2023-12-31
HALOZYME THERAPEUTICS INC   2023-01-01 2023-12-31
INTUIT INC   2023-01-01 2023-12-31
IQVIA HOLDINGS INC   2023-01-01 2023-12-31
KEYSIGHT TECHNOLOGIES INC   2023-01-01 2023-12-31
KLA CORPORATION COM   2023-01-01 2023-12-31
KUNNEMAN VS MARATHON SETTLEMENT   2023-01-01 2023-12-31
MARTIN MARIETTA MATERIALS INC   2023-01-01 2023-12-31
MICROSOFT CORP COM   2023-01-01 2023-12-31
MICROSOFT CORP COM   2023-01-01 2023-12-31
NIELSON CLASS ACTION DISTRIBUTION   2023-01-01 2023-12-31
PALO ALTO NETWORKS INC   2023-01-01 2023-12-31
PAYPAL HOLDINGS INC   2023-01-01 2023-12-31
PROGRESSIVE CORP COM   2023-01-01 2023-12-31
PROGRESSIVE CORP/THE   2023-01-01 2023-12-31
SALE OF 4750 SOUTHWEST DR D 2023-01-01 2023-12-31
SANDOZ GROUP   2023-01-01 2023-12-31
SHERWIN WILLIAMS CO   2023-01-01 2023-12-31
STORE CAPITAL CORPORATION   2023-01-01 2023-12-31
STORE CAPITAL CORPORATION   2023-01-01 2023-09-30
SVB FINL GROUP   2023-01-01 2023-12-31
VERALTO CORP   2023-01-01 2023-12-31
VERIZON COMMUNICATIONS INC COM   2023-01-01 2023-12-31
VERRA MOBILITY CORP COM   2023-01-01 2023-12-31
WELLS FARGO CO NEW COM   2023-01-01 2023-12-31
CAPITAL GAINS DIVIDENDS P    
(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 88,223   74,484 13,739
b 235,985   244,958 -8,973
c 133,798   60,329 73,469
d 26,901   32,551 -5,650
e 62,721   20,292 42,429
15,750   15,750 0
79,182   77,933 1,249
310,348   116,542 193,806
40,269     40,269
440,922   523,023 -82,101
216     216
337,407   299,282 38,125
60,985   63,354 -2,369
45,248   14,910 30,338
100,436   76,874 23,562
21,146   23,368 -2,222
128,442   162,760 -34,318
21,240   18,150 3,090
432,780   264,948 167,832
67,766   50,318 17,448
48,762   21,954 26,808
614,470   165,021 449,449
119,684   40,362 79,322
266     266
89,161   72,139 17,022
66,838   25,281 41,557
129,414   80,102 49,312
253     253
521,523   196,654 324,869
37,981   39,728 -1,747
77,418   72,196 5,222
146,819   118,877 27,942
141,570   24,430 117,140
17,509   14,093 3,416
40,252   39,040 1,212
58,840   50,844 7,996
82,702   58,329 24,373
122,801   366,517 -243,716
50,338   37,591 12,747
138,511   203,727 -65,216
258,888   203,215 55,673
366,680   198,558 168,122
12,979     12,979
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       13,739
b       -8,973
c       73,469
d       -5,650
e       42,429
      0
      1,249
      193,806
      40,269
      -82,101
      216
      38,125
      -2,369
      30,338
      23,562
      -2,222
      -34,318
      3,090
      167,832
      17,448
      26,808
      449,449
      79,322
      266
      17,022
      41,557
      49,312
      253
      324,869
      -1,747
      5,222
      27,942
      117,140
      3,416
      1,212
      7,996
      24,373
      -243,716
      12,747
      -65,216
      55,673
      168,122
      12,979
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 1,624,940
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 30,342
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 30,342
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 30,342
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 36,486
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 66,486
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 36,144
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow36,144 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See 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 arrowFIRST FINANCIAL TRUST ASSET MGMT Telephone no.right arrow (325) 657-7100

Located atright arrowPO BOX 701ABILENETX ZIP+4right arrow796040701
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
 
 
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
KADE L MATTHEWS PRESIDENT
1.00 		0 0 0
PO BOX 176
ABILENE,TX796040176
JOSPEH E CANON EXEC. VICE PRESIDENT
1.00 		0 0 0
PO BOX 176
ABILENE,TX796040176
KIRK THAXTON SECRETARY/TREASURER
1.00 		0 0 0
PO BOX 701
ABILENE,TX796040701
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 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
27,430,288
b
Average of monthly cash balances.......................
1b
1,589,060
c
Fair market value of all other assets (see instructions)................
1c
7,329,291
d
Total (add lines 1a, b, and c).........................
1d
36,348,639
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
36,348,639
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
545,230
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
35,803,409
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,790,170
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
1,790,170
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
30,342
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
30,342
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,759,828
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,759,828
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
1,759,828
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
1,800,000
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,800,000
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 1,759,828
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 83,413
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 83,413
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,800,000
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..... 1,759,828
e Remaining amount distributed out of corpus 40,172
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 5 123,585
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) ... 		83,413
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		40,172
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 40,172
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
KIRK THAXTON
PO BOX 701
ABILENE,TX796040701
(325) 627-7100
bThe form in which applications should be submitted and information and materials they should include:
IN WRITING BY LETTER DESCRIBING THE REQUEST AND PURPOSE OF THE FUNDS REQUESTED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THERE WILL BE NO GRANTS TO INDIVIDUALS.
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

COMMUNITY FOUNDATION OF ABILENE

850 N 1ST ST
ABILENE,TX79601 		  PC GENERAL OPERATIONS 1,800,000
Total .................................right arrow 3a 1,800,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 687  
4 Dividends and interest from securities ....     14 765,704  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -153,924  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 631,674  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,624,940  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory 211100 3,423      
11 Other revenue:
aPARTNERSHIP INCOME-UBI PORTION 		211100 -94,387      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -90,964 2,869,081 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,778,117
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 22,530 22,530   0

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

TY 2023 DepreciationSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
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
PARAMOUNT THEATER FURNITURE & FIXTURES 2010-11-02 24,951 24,951 200DB 7.000000000000 0 0    
220-240 CYPRESS RENOVATION 2015-09-30 78,689 14,630 SL 39.000000000000 2,018 0    
CARPET & FLOORING 2017-01-25 31,193 31,193 200DB 5.000000000000 0 0    
HVAC SYSTEM - PARAMOUNT 2017-12-31 89,597 11,390 SL 39.000000000000 2,297 0    
HVAC SYSTEM - 220-240 CYPRESS 2018-12-31 137,494 14,100 SL 39.000000000000 3,525 0    
FULLY DEPRECIATED ASSETS 2015-09-30 1,937 1,937 NC 7.000000000000 0 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Name of Stock End of Year Book Value End of Year Fair Market Value
PEPSICO INC 360,872 480,138
STARBUCKS CORP 241,422 286,974
SHERWIN WILLIAMS CO 355,245 466,602
PROGRESSIVE CORP 329,978 414,765
HOME DEPOT 219,967 355,907
NISOURCE INC 83,342 83,526
PAYPAL HOLDINGS INC 470,242 404,569
PALO ALTO NETWORKS INC 175,005 290,752
NOVARTIS AG 250,276 312,199
WALMART INC 141,285 164,429
NEXTERA ENERGY INC COM 231,498 194,732
MONDELEZ INTL INC 378,797 519,540
MERCK & CO INC 502,427 720,186
MICROSOFT CORP 560,962 1,275,528
HONEYWELL 334,340 449,618
INVITATION HOMES 389,924 441,349
IQVIA HLDGS INC 271,490 454,199
JOHNSON & JOHNSON 417,569 459,248
JPMORGAN CHASE & CO 580,408 930,957
KLA CORPORATION 60,313 175,553
MICROSOFT CORP 309,372 585,870
LOCKHEED MARTIN CORP 324,667 407,916
MAIN STREET CAPITAL CORP 501,018 1,763,481
MARTIN MARIETTA MATERIALS INC 318,998 463,487
MCDONALDS CORP 307,208 464,928
MEDTRONIC PLC 375,071 335,946
FERGUSON PLC 343,893 508,160
BAKER HUGHES COMPANY CL A 340,028 373,314
CLARIVATE PLC 623,113 363,177
EATON CORP 201,819 562,315
DANAHER CORP 362,318 530,925
CONOCOPHILLIPS 419,278 1,952,994
BROADCOM INC 254,840 857,280
COMCAST CORP CL A 343,214 346,020
CITIGROUP INC 526,936 415,687
EQUINIX INC 134,035 136,916
CISCO SYSTEMS 411,787 445,738
CHEVRON CORP NEW 428,096 585,304
WILLIAMS COS INC 320,548 512,105
CATALENT INC 250,552 240,960
COCA COLA 288,688 354,935
UNION PACIFIC CORP COM 156,883 187,899
ENTEGRIS 325,632 503,214
CAMDEN PROPERTY TRUST 310,302 320,111
BANK OF AMERICA 277,132 350,572
AMEN PROPERTIES COMMON 55,849 154,475
BALL CORP 626,634 517,968
APTIV PLC 339,671 290,962
APPLE COMPUTER INC 378,743 860,802
AMGEN INC 375,306 555,303
BLACKROCK INC 230,118 318,226
AMERICAN TOWER CORP NEW COM 218,962 252,795
AMAZON COM INC 88,196 373,772
BLACKSTONE INC 327,792 857,788
AMAZON COM INC 562,835 608,368
ALPHABET INC 211,364 420,327
ALEXANDRIA REAL ESTATE EQUITY 295,665 287,768
AERCAP HOLDINGS 433,654 577,020
AMERICAN ELECTRIC POWER CO 464,777 459,299
T-MOBILE 345,008 395,053
INTUIT INC 241,593 365,643

TY 2023 InvestmentsOtherSchedule2
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HIGH RIVER RESOURCES II FMV 16,906 703
CHCP DIRECT INVESTORS FMV 251,090 253,610
HIGH RIVER RESOURCES PARTNERSHIP FMV 0 238,776
MINERAL INTEREST FMV 2,283,327 4,000,199
PENNYBACKER VI LP FMV 37,557 34,262
SILVER HILL III PARTNERSHIP FMV 417,025 589,268
ABILENE MS PRIVATE LOAN I FMV 490,052 482,204
UNIONROCK ENERGY FUND III LP FMV 98,686 252,996

TY 2023 LandEtcSchedule2
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
PARAMOUNT THEATER FURNITURE & FIXTURES 24,951 24,951 0  
220-240 CYPRESS RENOVATION 78,689 16,648 62,041  
CARPET & FLOORING 31,193 31,193 0  
HVAC SYSTEM - PARAMOUNT 89,597 13,687 75,910  
HVAC SYSTEM - 220-240 CYPRESS 137,494 17,625 119,869  
FULLY DEPRECIATED ASSETS 1,937 1,937 0  


TY 2023 LegalFeesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ATTORNEY FEES 17,844 17,844   0


TY 2023 OtherAssetsSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DIVIDENDS RECEIVABLE 5,281 12,113 12,113


TY 2023 OtherDecreasesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Amount
N/D EXPENSES 133


TY 2023 OtherExpensesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER ROYALTY EXPENSE 20,462 20,462   0
OKLAHOMA WITHHOLDING TAX 15,253 15,253   0
EXCISE TAX 10,000 0   0
INSURANCE - RENTAL 149,843 149,843   0
REPAIRS & MAINTENANCE - RENTAL 42,623 42,623   0
UTILITIES - RENTAL 25,872 25,872   0
PROPERTY MANAGEMENT - RENTAL 20,975 20,975   0
OTHER - RENTAL 3,378 3,378   0


TY 2023 OtherIncomeSchedule2
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL & GAS ROYALTY 428,538 428,538 428,538
PARTNERSHIP INCOME 149,360 149,360 149,360
STATE TAX REFUNDS 52,909 52,909 52,909
LEASE BONUS 867 867 867
PARTNERSHIP INCOME-UBI PORTION -94,387   -94,387


TY 2023 OtherIncreasesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Amount
ADDITIONAL PERCENTAGE DEPLETION 16,906


TY 2023 OtherLiabilitiesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Description Beginning of Year - Book Value End of Year - Book Value
NEGATIVE BASIS IN HIGH RIVER RESOURCES 620,486 645,451


TY 2023 OtherProfessionalFeesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEE FEES 136,732 136,732   0
INVESTMENT FEES 38,079 38,079   0


TY 2023 TaxesSchedule
Name:
DODGE JONES LEGACY FOUNDATION
EIN:
83-0775721
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 7,382 7,382   0
OIL & GAS PRODUCTION TAXES 21,783 21,783   0
PROPERTY TAXES - RENTAL 6,881 6,881   0