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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
ADAIR FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4722 SHADYWOOD LANE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX752092020
A Employer identification number

46-1486106
B Telephone number (see instructions)

(214) 244-1470
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$119,746,720J 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 382,325 382,325 382,325
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
475,597 396,645 475,597
12 Total. Add lines 1 through 11........ 857,922 778,970 857,922
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 200,000 0 0 200,000
14 Other employee salaries and wages...... 48,000 0 0 48,000
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
23,575 10,099 0 13,476
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
231,625 0 0 17,025
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
541 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 7,129 0 0 7,129
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,319 0 0 12,219
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 523,189 10,099 0 297,849
25 Contributions, gifts, grants paid....... 6,164,443 6,164,443
26 Total expenses and disbursements. Add lines 24 and 25 6,687,632 10,099 0 6,462,292
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,829,710
b Net investment income (if negative, enter -0-) 768,871
c Adjusted net income (if negative, enter -0-)... 857,922
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 200,015 447,079 447,079
2 Savings and temporary cash investments......... 10,295,062 3,697,365 3,697,365
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..............   7,079 7,079
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 Click to see attachment
List of Attached Documents:
// Content
29,178 		29,178
b Investments—corporate stock (attach schedule)....... 27,493,225 Click to see attachment
List of Attached Documents:
// Content
27,493,225 		110,188,800
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).......... 5,080,982 Click to see attachment
List of Attached Documents:
// Content
5,556,501 		5,376,385
14 Land, buildings, and equipment: basis right arrow11,057
Less: accumulated depreciation (attach schedule) right arrow10,223 1,375 Click to see attachment
List of Attached Documents:
// Content
834 		834
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,070,659 37,231,261 119,746,720
Liabilities 17 Accounts payable and accrued expenses.......... 27,745 18,134
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 27,745 18,134
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 43,042,914 37,213,127
29 Total net assets or fund balances (see instructions)..... 43,042,914 37,213,127
30 Total liabilities and net assets/fund balances (see instructions). 43,070,659 37,231,261
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
43,042,914
2
Enter amount from Part I, line 27a .....................
2
-5,829,710
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
37,213,204
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
77
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
37,213,127
Form 990-PF (2024)
Form 990-PF (2024)
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
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 10,687
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 10,687
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 10,687
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 75,029
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 75,029
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 64,342
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow64,342 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowTHEADAIRFOUNDATION.ORG
14
The books are in care ofright arrowTAMMI ADAIR Telephone no.right arrow (916) 504-4950

Located atright arrow4722 SHADYWOOD LANEDALLASTX ZIP+4right arrow75209
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
TAMMI L ADAIR PRES/DIRECTOR
10.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
A JAYSON ADAIR VP/DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
GARRETT ADAIR DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
JACQUILYNE A KEENE SEC/DIRECTOR
2.00 		0 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
KRISTEN SYLVESTER EXEC DIRECTOR
30.00 		200,000 0 0
4722 SHADYWOOD LANE
DALLAS,TX75209
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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 (2024)
Form 990-PF (2024)
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
110,514,523
b
Average of monthly cash balances.......................
1b
2,430,191
c
Fair market value of all other assets (see instructions)................
1c
5,209,960
d
Total (add lines 1a, b, and c).........................
1d
118,154,674
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
118,154,674
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,772,320
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
116,382,354
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,819,118
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
5,819,118
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
10,687
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
8,260
c
Add lines 2a and 2b............................
2c
18,947
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,800,171
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,800,171
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
5,800,171
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
6,462,292
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
6,462,292
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 5,800,171
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 267,919
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,462,292
a Applied to 2023, but not more than line 2a 267,919
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 2024 distributable amount..... 5,800,171
e Remaining amount distributed out of corpus 394,202
5 Excess distributions carryover applied to 2024. 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 5 394,202
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		394,202
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 394,202
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
TAMMI L ADAIR
A JAYSON ADAIR
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALLIANCE FOR FREEDOM RESTORATION & JUSTICE

207 SERENITY PLACE
SMITHVILLE,TX37166 		N/A PC FUNDING FOR PHASE 1 OF A 2 YEAR ENGAGE TOGETHER DFW INITIATIVE. 150,000

AMERICAN BIBLE SOCIETY

101 NINDEPENDENCE MALL EAST FL8
PHILADELPHIA,PA191062155 		N/A PC FUNDING TO GO INTO A GENERAL FUNDING POOL FOR FY'25 PROJECTS. 50,000

AS ONE MINISTRIES

PO BOX 90155
SIOUX FALLS,SD57109 		N/A PC FUNDING TO LAUNCH A NEW TAILORING BUSINESS IN THE SERERE DISTRICT OF UGANDA. 40,000

AXIS

PO BOX 63572
COLORADO SPRINGS,CO80962 		N/A PC FUNDING TO INCREASE AD SPENDING, FOCUS ON DIGITAL MARKETING, AND INCREASE DATABASE ENGAGEMENT, AS WELL AS TO CREATE THEOLOGICALLY RICH CONTENT FOR PARENTS. 20,000

BAYLOR SCOTT & WHITE DALLAS FOUNDATION

301 NWASHINGTON AVE
DALLAS,TX75246 		N/A PC FUNDING FOR 'CARDIOVASCULAR RESEARCH AND EDUCATION.' 50,000

BIBLE PROJECT

PO BOX 14278
PORTLAND,OR97293 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 2,000

BIBLES FOR CHILDREN

1060 STATE HIGHWAY 41
AFTON,NY13730 		N/A PC FUNDING FOR THE DISTRIBUTION OF BIBLES TO UNCHURCHED CHILDREN. 5,000

BUCKNER CHILDREN & FAMILY SERVICES

700 NORTH PEARL STREET SUITE 1200
DALLAS,TX75201 		N/A PC FUNDING TO SUPPORT FOSTER CARE AND ADOPTIVE SERVICES STATEWIDE. 50,000

CALVARY CHAPEL COMMUNITY CHURCH

10200 SW NIMBUS AVE STE G1 G2
PORTLAND,OR97223 		N/A PC FUNDING FOR THE 'CHILDREN'S MINISTRY.' 10,000

CHILD EVANGELISM FELLOWSHIP

PO BOX 348
WARRENTON,MO63383 		N/A PC FUNDING FOR THE EUROPE PORTION OF THE 'SUPPORT A NATIONAL PROGRAM.' 75,000

CHILDREN'S CANCER FUND

4201 SPRING VALLEY SUITE 370
DALLAS,TX75244 		N/A PC FUNDING FOR THE CANCER RESEARCH INITIATIVE SPEARHEADED BY SISI ZHENG, MD 100,000

CHILDREN'S MEDICAL CENTER FOUNDATION

2777 N STEMMONS FREEWAY STE 1700
DALLAS,TX75207 		N/A PC FUNDING TO HIRE ANOTHER FULL-TIME STAFF CHAPLAIN, ADD A CHAPLAIN RESIDENT FELLOW, AND PROVIDE FORMAL ANNUAL TRAINING OF STUDENT CHAPLAINS WHO ARE INTERNING. 100,000

CHILDREN'S MEDICAL CENTER FOUNDATION

2777 N STEMMONS FREEWAY STE 1700
DALLAS,TX75207 		N/A PC FUNDING FOR THE PURCHASE OF COLORING BOOKS FOR PATIENTS BEING HOSPITALIZED OVER CHRISTMAS. 3,018

CHRISTIAN COMMUNITY ACTION

200 S MILL ST
LEWISVILLE,TX750573944 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 40,000

CITY ON A HILL COMMUNITY CHURCH

PO BOX 65
FATE,TX75132 		N/A PC FUNDING FOR THE 'NEW BUILDING FUND.' 5,000

COMPASSIONATE HOPE

111 GLORYLAND LANE
ANTIOCH,TN37013 		N/A PC FUNDING TO FINISH CONSTRUCTION AND PROVIDE 6 MONTHS OF OPERATING SUPPORT FOR THE DARONGPON VILLAGE OF HOPE ELEMENTARY SCHOOL IN UBON RATCHATHANI, THAILAND. 40,000

CURE INTERNATIONAL

70 IONIA AVE SW SUITE 200
GRAND RAPIDS,MI49503 		N/A PC FUNDING FOR CURE ZAMBIA-TO PROVIDE 100 BURN CARE SURGICAL PROCEDURES AT CURE ZAMBIA. 125,000

DANITA'S CHILDREN

PO BOX 23270
NASHVILLE,TN37202 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 10,000

DATE PALM CONSULTING

7210 VIRGINIA PARKWAY UNIT 6736
MCKINNEY,TX75071 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

DATE PALM CONSULTING

7210 VIRGINIA PARKWAY UNIT 6736
MCKINNEY,TX75071 		N/A PC FUNDING FOR TRAVEL EXPENSES FOR DATE PALM CONSULTING'S FOUNDER TO ATTEND A CONFERENCE WITH AN ADAIR FOUNDATION BOARD MEMBER. 654

DAUGHTERS OF OUR LIVING LORD & SAVIOR

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

DEAF PATHWAY GLOBAL

PO BOX 2267
BRENTWOOD,TN37027 		N/A PC FUNDS TO COVER THE OPERATING COSTS OF OBTAINING 335 HOURS OF INTERPRETATION SERVICES THROUGH 2025. 20,000

DZI FOUNDATION

PO BOX 632
RIDGWAY,CO81432 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

E3 PARTNERS MINISTRY

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

EAST-WEST MINISTRIES INTERNATIONAL

2001 W PLANO PARKWAY SUITE 3000
PLANO,TX75075 		N/A PC FUNDING FOR THE 'MEDIA TO MOVEMENT' IN CAMBODIA, INDONESIA, EAST AND WEST AFRICA, THAILAND, AND JAPAN. 40,000

ENGAGE YOUR DESTINY

4775 WAYZATA BLVD SUITE 700
STLOUIS PARK,MN55416 		N/A PC FUNDING TO LAUNCH ENGAGE YOUR DESTINY AT 2 BASES: JOINT BASE ELEMENDORF RICHARDSON IN ANCHORAGE AND FORT WAINWRIGHT IN FAIRBANKS. 100,000

ETHNOS360 INC

312 WEST FIRST STREET
SANFORD,FL327711231 		N/A PC FUNDING TO START A WATER FILTRATION COMPANY IN INDIA. 20,000

EXODUS MINISTRIES

4630 MUNGER AVENUE SUITE 110
DALLAS,TX75204 		N/A PC FUNDING FOR GENERAL OPERATING EXPENSES THAT SUPPORT CHRIST-CENTERED PROGRAMS WHICH HELP PREVIOUSLY INCARCERATED WOMEN AND THEIR CHILDREN BEGIN HEALING AND RECLAIMING THEIR LIVES AND FAMILIES. 40,000

EXODUS MINISTRIES

4630 MUNGER AVENUE SUITE 110
DALLAS,TX75204 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 3,000

FAITHFULLY RESTORED

1749 MALLORY LANE 102
BRENTWOOD,TN37027 		N/A PC FUNDING TO SERVE WOMEN WHO ARE SUFFERING AND GRIEVING. 50,000

FAITHFULLY RESTORED

1749 MALLORY LANE 102
BRENTWOOD,TN37027 		N/A PC FUNDING TO PURCHASE GIFT ITEMS FOR CARE PACKAGES FOR WOMEN WHO ARE SUFFERING, GRIEVING, SICK, ETC. 19,771

FAMILY BIBLE CHURCH

720 LINK ROAD
FAIRFIELD,CA94534 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

FELLOWSHIP ADVENTURES OPPORTUNITY

PO BOX 994
FAIRVIEW,TN37062 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 10,000

FIRST BAPTIST CHURCH OF LEXINGTON

415 BARR ROAD
LEXINGTON,SC29072 		N/A PC BENEVOLENCE FUND 20,000

FOREFRONT LIVING FOUNDATION

12467 MERIT DRIVE
DALLAS,TX75251 		N/A PC FUNDING FOR THE 'PATRICIA & CURTIS MEADOWS SENIOR LIVING PROFESSIONAL SCHOLARSHIP' FUND. THIS FUND SUPPORTS THE CONTINUING EDUCATION OPPORTUNITIES FOR PVN TEAMMATES. 25,000

GLOBAL CHRISTIAN RELIEF

PO BOX 1595
MERRIFIELD,VA221161595 		N/A PC FUNDING TO PRINT AND DISTRIBUTE BIBLES TO KURDISH-SPEAKING COMMUNITIES THROUGHOUT THE MIDDLE EAST, WITH A FOCUS ON THE IRAN/KURDISH REGION. 25,000

GRACE COMMUNITY CHURCH

801 W BARDIN ROAD
ARLINGTON,TX76017 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

HAGAR'S HEART

PO BOX 14645
ARLINGTON,TX76094 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 1,500

HEALING STRONG

1862 AUBURN ROAD STE 118-I
DACULA,GA30019 		N/A PC FUNDING TO SUPPORT LEXINGTON, SC HEALINGSTRONG GROUP. 5,000

HOPE DALLAS

10288 VINEMONT ST
DALLAS,TX75218 		N/A PC FUNDING TO BE USED TO RENOVATE AND OPERATE AN URBAN MINISTRY CENTER IN A BUILDING THAT WAS GIFTED TO THEIR ORGANIZATION. THIS BUILDING WILL SERVE OVER 300 COMMUNITY RESIDENTS A YEAR. $25,000 OF THIS FUNDING WILL HELP HOPE DALLAS HIRE THEIR FIRST EMPLOYEE. 75,000

HOPE INTERNATIONAL

227 GRANITE RUN DRIVE SUITE 250
LANCASTER,PA17601 		N/A PC FUNDING TO PROVIDE SME LOANS THROUGH URWEGO BANK TO SERVE 1,100 CLIENTS WITH A LOAN PORTOFLIO OF $11M US. 100,000

HOPE SMILES

101 CREEKSIDE CROSSING STE 1700-301
BRENTWOOD,TN37027 		N/A PC FUNDS WILL BE USED TO ESTABLISH THE 'HOPE SMILES TRANSFORMATION FUND' AT THE NEW NASHVILLE CLINIC, HOPE SMILES DENTAL CENTER. 25,000

HOPE WALKS

PO BOX 1098
MECHANICSBURG,PA17055 		N/A PC FUNDING FOR THE CLUBFOOT CLINIC IN MALAWI. 25,000

HUMAN TRAFFICKING INSTITUTE

2701 PROSPERITY AVENUE SUITE 405
FAIRFAX,VA22031 		N/A PC FUNDING TO HIRE TEAM MEMBERS, EQUIP AND TRAIN THEM EFFECTIVELY, AND THEN DEPLOY THEM TO THEIR DESIGNATED REGION IN UGANDA TO BEGIN WORK BY LATE SUMMER OF THIS YEAR. 200,000

INNOVATION INSTITUTE

1938 COUNTY RD 607
ALVARADO,TX76009 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 1,500

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC200906961 		N/A PC FUNDING IN INDIA WILL BRING RESCUE AND PROTECTION TO CHILDREN, WOMEN, AND MEN WHO ARE VULNERABLE TO SLAVERY. FUNDING IN UGANDA WILL BE USED TO BUILD GOVERNMENT OWNERSHIP OF THE PROTECTION OF WOMEN AND CHILDREN, AND THE SUCCESSFUL PROSECUTION OF PERPETRATORS WHO COMMIT VIOLENT CRIMES AND ENSURE THAT COMMUNITIES, AND ESPECIALLY WOMEN AND CHILDREN AT RISK, ARE AWARE OF THEIR RIGHTS. 300,000

JONI AND FRIENDS

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

JUSTICE HEALTH INITIATIVE INC

47 ELIOT STREET 2
CHESTNUT HILL,MA02467 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 15,000

JUSTICE VENTURES INTERNATIONAL

14500 NEW HAMPSHIRE AVENUE
SILVER SPRING,MD20904 		N/A PC FUNDING TO SUPPORT SUSTAINABLE COMMUNITY JUSTICE TRANSFORMATION THROUGH THE LAUNCH AND OPERATION OF A NEW JUSTICE HUB IN RURAL INDIA, WHICH WILL BRING FREEDOM, JUSTICE, AND RESTORATION TO HUNDREDS OF CHILDREN, WOMEN, AND MEN 100,000

LAUREUS SPORT FOR GOOD FOUNDATION USA

645 FIFTH AVENUE FIFTH FLOOR
NEW YORK,NY10022 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 50,000

LEMAN ACADEMY OF EXCELLENCE

6188 E PIMA ST
TUCSON,AZ85712 		N/A PC FUNDS WILL BE USED FOR TEACHER RETENTION BONUSES. 50,000

LIVING WATER INTERNATIONAL

4001 GREENBRIAR DR 200
STAFFORD,TX77477 		N/A PC FUNDING TO BRING A CLEAN WATER SOURCE TO LEE MCGRAW ORPHANAGE IN KAJIMBO, KENYA, WHICH WILL IMPACT MORE THAN 800 PEOPLE. ($45K) FUNDING TO ALSO BRING A CLEAN WATER SOURCE AND THE GOSPEL TO THE OBOCH DISPENSARY CLINIC IN OBOCH, KENYA, WHICH WILL IMPACT 40-70 50,000

MANEGAIT THERAPEUTIC HORSEMANSHIP

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

MISSION INCREASE

7357 SW BEVELAND RD STE 200
TIGARD,OR97223 		N/A PC $10,000 WILL BE USED FOR SOULCARE WITHIN MI, WITH 10 STAFF PARTICIPATING IN A FALL '25 SOUL CARE LEARNING COMMUNITY. $10,000 WILL BE USED FOR NONPROFIT LEADERS TO PARTICIPATE IN A FALL '25 SOUL CARE LEARNING COMMUNITY. 20,000

MY POSSIBILITIES

3601 MAPLESHADE DRIVE
PLANO,TX75205 		N/A PC FUNDING WILL SUPPORT THE COMMUNITY BASED INSTRUCTION PROGRAM WITH EXPANSION TO INCLUDE THE NEW EMPLOYMENT INNOVATIONS SCHOOL. 50,000

NATIONAL CHRISTIAN FOUNDATION

4514 COLE AVENUE SUITE 1650
DALLAS,TX75205 		N/A PC FUNDING FOR THE DONOR ADVISED FUND 170,000

NATIONAL CHRISTIAN FOUNDATION

4514 COLE AVENUE SUITE 1650
DALLAS,TX75205 		N/A PC FUNDING FOR THE DONOR ADVISED FUND 1,000,000

PATRIOT PAWS

254 RANCH TRAIL
ROCKWALL,TX75032 		N/A PC FUNDING TO PROVIDE A HIGHLY TRAINED MOBILITY SERVICE DOG TO A VETERAN IN NEED IN ORDER TO INCREASE THEIR INDEPENDENCE, QUALITY OF LIFE, AND WELL-BEING. 45,000

REDEEM INTERNATIONAL

2318 JACKSON PARKWAY
VIENNA,VA22180 		N/A PC FUNDING IS REQUESTED TO SCALE OPERATIONS IN UGANDA AND BEYOND, AS THEY SERVE VICTIMS OF LAND THEFT AND VIOLENT CRIME. 150,000

REFUGE FOR WOMEN

306 N LOOP 288
DENTON,TX76209 		N/A PC FUNDING FOR LONG-TERM RESTORATIVE CARE FOR SURVIVORS OF SEX TRAFFICKING. 40,000

ROCK CREEK CHURCH

2860 W FIRST STREET
PROSPER,TX75078 		N/A PC FUNDING FOR THE 'DOMINICAN REPUBLIC CHRISTMAS OFFERING 2024' & THE NEXT BUILDING INITIATIVE. 25,000

SAMARITANS PURSE INTERNATIONAL RELIEF

PO BOX 3000
BOONE,NC28067 		N/A PC FUNDING TO SEND WOUNDED VETERAN COUPLES TO ALASKA FOR A WEEK LONG RETREAT TO HEAL THEIR MARRIAGE, RENEW THEIR COMMITMENT TO CHRIST, AND BE MINISTERED TO BY OTHER VETERANS. 150,000

SAMARITANS PURSE INTERNATIONAL RELIEF

PO BOX 3000
BOONE,NC28067 		N/A PC FUNDING FOR 'HURRICANE HELENE & MILTON EMERGENCY RELIEF EFFORTS.' 665,000

SEED COMPANY

220 WESTWAY PLACE SUITE 100
ARLINGTON,TX760185653 		N/A PC FUNDING FOR THE 'GENERAL TRANSLATION FUND.' 100,000

SEED COMPANY

220 WESTWAY PLACE SUITE 100
ARLINGTON,TX760185653 		N/A PC FUNDING FOR THE KALBAR CLUSTER PROJECT, A FIRST SCRIPTURE PROJECT IN THE BESERU LANGUAGE. 75,000

SEED EFFECT

PO BOX 141223
DALLAS,TX75214 		N/A PC FUNDING TO SERVE SOUTH SUDANESE REFUGEES, INDIVIDUALS AFFECTED BY CONFLICT, AND UGANDAN NATIONALS THROUGH SEED EFFECT'S CHRIST-CENTERED MICROLOAN AND SAVINGS PROGRAM. 50,000

SHOW HOPE

PO BOX 647
FRANKLIN,TN37065 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS FOR ADOPTION AID GRANTS AND MEDICAL CARE GRANTS FOR ADOPTED CHILDREN. 50,000

SIL INTERNATIONAL

7500 W CAMP WISDOM ROAD
DALLAS,TX75236 		N/A PC FUNDING WILL BE USED TO HOLD A WORKSHOP FOR DEAF CHURCH LEADERS ON HOW TO USE THE SIGN LANGUAGE. FUNDING WILL ALSO SUPPORT TRANSLATION TEAM MEMBERS VISITING 7 CHURCHES TO MODEL THE TEACHING. 50,000

SOLANO LAND TRUST

198 DOBBINS ST SUITE A
VACAVILLE,CA95688 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 50,000

SOLID FOUNDATION ASSOCIATION

2220 E MAIN ST
NACOGDOCHES,TX75961 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 1,000

SOUTHWESTERN MEDICAL FOUNDATION

3889 MAPLE AVENUE SUITE 100
DALLAS,TX75219 		N/A PC FUNDING TO ENHANCE THE CHAPLAINCY AND BEREAVEMENT PROGRAMS AT THE UTSW SIMMONS CANCER CENTER 150,000

SOUTHWESTERN MEDICAL FOUNDATION

3889 MAPLE AVENUE SUITE 100
DALLAS,TX75219 		N/A PC FUNDING FOR 'GERIATRIC MEDICINE.' 25,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 ST JUDE PLACE
MEMPHIS,TN38105 		N/A PC FUNDING FOR 'PEDIATRIC CANCER RESEARCH.' 50,000

TEXAS ON MISSION

5351 CARTRON
DALLAS,TX75227 		N/A PC FUNDING FOR EMERGENCY RELIEF FOR HURRICANE BERYL EFFORTS. 10,000

TEXAS PTA

3300 PIMLICO DRIVE
ARLINGTON,TX76017 		N/A PC FUNDING TO SUPPORT WOOD ELEMENTARY PTA. 2,000

THE ANCHOR HOME

PO BOX 1403
MIDLOTHIAN,TX76065 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 10,000

THE BRETT BOYER FOUNDATION

4191 ARNO ROAD
FRANKLIN,TN37027 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 100,000

THE COPART PRIVATE FOUNDATION

14185 DALLAS PARKWAY SUITE 300
DALLAS,TX75254 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 100,000

THE DIGNITY PROJECT

9219 GARLAND RD 2109
DALLAS,TX75218 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

THE FATHER'S HOUSE

810 VACA VALLEY PKWY STE 120
VACAVILLE,CA95688 		N/A PC FUNDING TO BE DESIGNATED AS FOLLOWS-$10,000 TO THE 'DREW & MICHELLE BENEVOLENCE FUND', $45,000 TO YOUTH MINISTRY TRANSPORT VAN, $5,000 FOR YOUTH EVENT IN NEW BUILDING, AND THE REMAINING FUNDS WILL GO TO THE NEW BUILDING FUND. 100,000

THE GOSPEL COALITION

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

THE NEXT DOOR

402 22ND AVENUE NORTH
NASHVILLE,TN37203 		N/A PC FUNDING FOR THE PARTIAL SALARY OF AN ONSTAFF OB-GYN TO SERVE PREGNANT WOMEN SEEKING ADDICTION TREATMENT. 35,000

THE SENIOR SOURCE

3910 HARRY HINES BOULEVARD
DALLAS,TX75219 		N/A PC FUNDING FOR THE 'LONGTERM CARE OMBUDSMAN PROGRAM.' 50,000

THE SKATEPARK PROJECT

1611 S MELROSE DRIVE SUITE A 360
VISTA,CA92081 		N/A PC FUNDING FOR 'SUPPLY THE RIDE.' 75,000

TUNNEL TO TOWERS FOUNDATION

2361 HYLAND BOULEVARD
STATEN ISLAND,NY10306 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 15,000

VANNUCCINI FAMILY FOUNDATION

501 SILVERSIDE ROAD SUITE 123
WILMINGTON,DE198091377 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 10,000

VISTA CHURCH

7317 FM 2757
CRANDALL,TX75114 		N/A PC FUNDING TO SUPPORT GENERAL OPERATIONS. 5,000

WORLD VISION

34834 WEYERHAUSER WAY SO
FEDERAL WAY,WA98063 		N/A PC FUNDING FOR 'HOPE FOR HONDURAS AND 'ZAMBIA ANEW.' 250,000

YOUNGLIFE

PO BOX 520
COLORADO SPRINGS,CO80901 		N/A PC FUNDING WILL BE ALLOCATED AS FOLLOWS-$25,000 TO THE CAPERNAUM YOUNG LIFE MINISTRY INCLUDING GOOD NEWS CLUBS, RESPITE FOR CAREGIVERS, AND CAMPAIGNERS BIBLE STUDY AND $25,000 WILL BE ALLOCATED TO THE YOUNGLIFE LEADERSHIP EXPERIENCE WHICH IS A 1 YEAR EXPERIENCE DESIGNED TO TRAIN CAPERNAUM GRADUATES THROUGH SCRIPTURE MEMORIZATION, HANDS ON EXPERIENCE, MENTORSHIP, ETC. 50,000

YOUNGLIFE

PO BOX 520
COLORADO SPRINGS,CO80901 		N/A PC FUNDING TO HELP GROW AND ESTABLISH TWO NEW HIGH SCHOOL CAPERNAUM MINISTRIES. 25,000
Total .................................right arrow 3a 6,164,443
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		    14 382,325  
4 Dividends and interest from securities ....          
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aREVERE CREDIT OPP FUND 		900099 43,896 14 311,117  
bREVERE 2021 FORM 8878 900099 35,056 14 85,528  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 78,952 778,970 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
857,922
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX 20,199 10,099 0 10,100
PAYROLL PROCESSING FEES 3,376 0 0 3,376

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TY 2024 DepreciationSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
APPLE 13.3 8 GB LAPTOP 2017-03-05 1,968 1,968 SL 5.000000000000 0 0 0  
MB AIR APPLE LAPTOP 2017-10-22 1,374 1,374 SL 5.000000000000 0 0 0  
APPLE IMAC 27" 2018-01-12 5,009 5,009 SL 5.000000000000 0 0 0  
APPLE LAPTOP 2021-12-04 2,706 1,332 SL 5.000000000000 541 0 0  

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

TY 2024 ExpenditureResponsibilityStmt
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
THE COPART PRIVATE FOUNDATION
  		14185 DALLAS PARKWAY STE 300
DALLAS,TX75254 		2024-08-01 100,000 TO FUND SCHOLARSHIPS IN THE FIRST QUARTER OF THE 2025 CALENDAR YEAR. 100,000        

TY 2024 GeneralExplanationAttachment
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Identifier Return Reference Explanation
  PART V, LINE 1A - INVESTMENT INCOME TAX PART V, LINE 1A - INVESTMENT INCOME TAX2024 INVESTMENT INCOME TAX $ 9,498FORM 8978 2021 INVESTMENT INCOME TAX $ 1,189TOTAL INVESTMENT INCOME TAX $10,687FORM 8978 ATTACHED DUE TO RECEIPT OF FORM 8986 FROM REVERE CREDIT OPPORTUNITIES FUND III LP DUE TO ADJUSTMENTS TO THE 12/31/2021 TAX PERIOD ENDED.

TY 2024 InvestmentsCorpStockSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Name of Stock End of Year Book Value End of Year Fair Market Value
1,920,000 SHS COPART INC - COMMON 27,493,225 110,188,800

TY 2024 InvestmentsGovtObligationsSch
Name:
ADAIR FOUNDATION
EIN:
46-1486106
US Government Securities - End of Year Book Value:

29,178
US Government Securities - End of Year Fair Market Value:

29,178
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsOtherSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
REVERE CREDIT OPPORTUNITIES FUND III LP AT COST 5,556,501 5,376,385

TY 2024 LandEtcSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
APPLE 13.3 8 GB LAPTOP 1,968 1,968 0  
MB AIR APPLE LAPTOP 1,374 1,374 0  
APPLE IMAC 27" 5,009 5,009 0  
APPLE LAPTOP 2,706 1,873 833  


TY 2024 OtherDecreasesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Amount
UNKNOWN ADJUSTMENT REVERE - NO TAX EFFECT 77


TY 2024 OtherExpensesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FX EXCHANGE (GAIN)/LOSS -654 0 0 -654
FEES - PAYROLL PROCESSING 1,561 0 0 1,561
INSURANCE 1,075 0 0 1,075
INTERNET AND WEBSITE EXPENSES 989 0 0 989
MEALS & ENTERTAINMENT 2,019 0 0 2,019
PENALTIES 100 0 0 0
POSTAGE & DELIVERY 104 0 0 104
SUBSCRIPTIONS 1,156 0 0 1,156
SUPPLIES 5,945 0 0 5,945
FEES - OTHER 24 0 0 24


TY 2024 OtherIncomeSchedule2
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
REVERE CREDIT OPP FUND 355,013 311,117 355,013
REVERE 2021 FORM 8878 120,584 85,528 120,584


TY 2024 TaxesSchedule
Name:
ADAIR FOUNDATION
EIN:
46-1486106
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
UNRELATED BUSINESS INCOME TAX PAID 14,600 0 0 0
PAYROLL TAXES 17,025 0 0 17,025
INVESTMENT INCOME TAX 200,000 0 0 0