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
Broughton Foundation Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 12774
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dallas, TX75225
A Employer identification number

75-6395131
B Telephone number (see instructions)

(432) 935-8597
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$93,618,931J 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 522,267 522,267 522,267
4 Dividends and interest from securities... 2,494,798 2,494,798 2,494,798
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 19,098
b Gross sales price for all assets on line 6a 7,880,863
7 Capital gain net income (from Part IV, line 2)... 19,098
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
25,746,671 25,746,671 25,746,671
12 Total. Add lines 1 through 11........ 28,782,834 28,782,834 28,763,736
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 62,500      
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
12,159 12,159    
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
29,092 29,092    
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
348,458 348,458    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
249,216 249,216    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 2,303 2,303    
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
4,819 4,819    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 708,547 646,047   0
25 Contributions, gifts, grants paid....... 3,844,454 3,844,454
26 Total expenses and disbursements. Add lines 24 and 25 4,553,001 646,047   3,844,454
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 24,229,833
b Net investment income (if negative, enter -0-) 28,136,787
c Adjusted net income (if negative, enter -0-)... 28,763,736
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.............      
2 Savings and temporary cash investments......... 25,191,010 43,529,733 43,529,733
3 Accounts receivable right arrow34,172
Less: allowance for doubtful accounts right arrow   35,208 34,172 34,172
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) 4,933,726 Click to see attachment
List of Attached Documents:
// Content
1,994,162 		1,994,162
b Investments—corporate stock (attach schedule)....... 12,809,227 Click to see attachment
List of Attached Documents:
// Content
20,399,232 		23,153,784
c Investments—corporate bonds (attach schedule)....... 12,209,669 Click to see attachment
List of Attached Documents:
// Content
11,923,239 		11,231,967
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).......... 12,316,152 Click to see attachment
List of Attached Documents:
// Content
13,683,037 		13,675,113
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 67,494,992 91,563,575 93,618,931
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)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 67,494,992 91,563,575
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 67,494,992 91,563,575
30 Total liabilities and net assets/fund balances (see instructions). 67,494,992 91,563,575
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
67,494,992
2
Enter amount from Part I, line 27a .....................
2
24,229,833
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
43,750
4
Add lines 1, 2, and 3 ..........................
4
91,768,575
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
205,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
91,563,575
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.)
1 a 1750 Intel Corp P 2023-11-15 2024-08-06
b 1275 Starbucks Corp P 2023-11-15 2024-08-28
c 250000 Bank of America CD P 2023-06-12 2024-03-14
d 250000 Bank of America CD P 2024-03-19 2024-12-23
e 250000 Coml Bk CD P 2023-12-18 2024-09-27
250000 Community W Bank CD P 2023-12-18 2024-09-30
250000 Southern 1st Bank CD P 2023-06-09 2024-03-22
250000 Ally Bank CD P 2023-06-13 2024-12-16
250000 First Horizon CD P 2023-06-12 2024-12-16
250000 MS Bank CD P 2023-06-12 2024-06-13
250000 Citizens Bank CD P 2023-09-14 2024-09-19
250000 Southern 1st Bank CD P 2023-06-09 2024-06-14
250000 Wells Fargo Bank Cd P 2023-09-26 2024-10-01
2000 St Str D FX/Var D P 2023-06-21 2024-03-15
1016000 U.S. Treasury Note P 2023-03-14 2024-02-15
1018000 U.S. Treasury Note P 2024-07-02 2024-12-31
1015000 U.S. Treasury Note P 2023-09-14 2024-07-01
4100 St Str D FX/Var D P 2022-05-03 2024-03-15
SPDR Gold principal P 2000-01-01 2024-12-31
12 Adobe Inc. P 2024-10-07 2024-12-27
9 American Tower Corp P 2024-10-07 2024-10-11
16 IDEXX Laboratories P 2024-07-05 2024-07-19
11 Union Pacific Corp P 2023-11-07 2024-06-06
41 Adobe Inc. P 2020-01-01 2024-11-04
4 Adobe Inc. P 2021-09-03 2024-11-18
86 Adobe Inc. P 2000-01-01 2024-12-19
64 Adobe Inc. P 2000-01-01 2024-12-27
38 Alphabet Inc. P 2021-07-01 2024-03-20
18 Amazon.com P 2021-07-01 2024-03-20
12 Amazon.com P 2021-07-01 2024-08-02
31 Amazon.com P 2021-07-01 2024-11-18
9 American Tower Corp P 2021-07-01 2024-06-06
8 American Tower Corp P 2021-07-01 2024-07-05
8 American Tower Corp P 2021-07-01 2024-08-02
144 American Tower Corp P 2021-07-01 2024-08-22
84 American Tower Corp P 2021-07-01 2024-09-10
38 American Tower Corp P 2021-07-01 2024-09-25
138 American Tower Corp P 2021-07-01 2024-10-11
47 Brookfield Corp Ltd P 2021-07-01 2024-05-29
165 Brookfield Corp Ltd P 2021-07-01 2024-08-02
20 Brookfield Corp Ltd P 2021-07-01 2024-09-25
349 Brookfield Corp Ltd P 2021-07-01 2024-11-04
99 Brookfield Corp Ltd P 2021-07-01 2024-12-19
30 Brookfield Corp Ltd P 2021-07-01 2024-06-06
317 Brookfield Asset Mgmt P 2021-07-01 2024-06-21
38 Brookfield Asset Mgmt P 2021-07-01 2024-08-02
13 Carmax Inc. P 2021-07-01 2024-06-06
192 Carmax Inc. P 2021-07-01 2024-06-21
40 Copart Inc. P 2022-02-23 2024-08-02
56 Copart Inc. P 2022-02-23 2024-12-19
41 Costco Wholesale Corp P 2021-07-01 2024-07-05
37 Danaher Corp P 2021-07-01 2024-05-29
7 Heico Corp. P 2023-06-07 2024-11-18
19 Heico Corp. P 2023-06-07 2024-11-29
47 IDEXX Laboratories P 2021-07-01 2024-07-19
66 KKR & Co. P 2021-07-01 2024-02-06
10 KKR & Co. P 2021-07-01 2024-11-18
25 KKR & Co. P 2021-07-01 2024-12-19
16 Mastercard Inc. P 2021-07-01 2024-12-19
19 Microsoft Corp. P 2021-07-01 2024-03-20
11 Microsoft Corp. P 2021-07-01 2024-08-02
6 Moodys Corp. P 2021-07-01 2024-02-06
3 Moodys Corp. P 2021-07-01 2024-03-20
6 Moodys Corp. P 2022-05-13 2024-04-17
6 Moodys Corp. P 2001-07-01 2024-06-21
31 Moodys Corp. P 2001-07-01 2024-09-10
3 Moodys Corp. P 2022-09-02 2024-09-25
5 Netflix Inc. P 2021-07-01 2024-12-16
45 NVIDIA Corp. P 2021-09-03 2024-07-05
16 NVIDIA Corp. P 2021-09-03 2024-08-02
14 Progressive Corp. P 2021-07-01 2024-03-20
12 Progressive Corp. P 2021-07-01 2024-05-29
11 Progressive Corp. P 2021-07-01 2024-06-21
27 Progressive Corp. P 2021-07-01 2024-09-10
18 Progressive Corp. P 2021-09-03 2024-09-25
15 Progressive Corp. P 2021-09-03 2024-11-18
4 S&P Global Inc. P 2021-09-03 2024-01-16
13 S&P Global Inc. P 2021-09-03 2024-02-06
28 S&P Global Inc. P 2021-07-01 2024-03-20
7 S&P Global Inc. P 2021-07-01 2024-04-02
60 S&P Global Inc. P 2021-07-01 2024-05-03
5 Transdigm Group Inc. P 2021-07-01 2024-02-06
4 Transdigm Group Inc. P 2021-09-03 2024-03-04
3 Transdigm Group Inc. P 2021-09-03 2024-03-20
2 Transdigm Group Inc. P 2021-09-03 2024-04-17
2 Transdigm Group Inc. P 2021-09-03 2024-05-03
6 Transdigm Group Inc. P 2021-09-03 2024-05-29
191 Union Pacific Corp P 2021-07-01 2024-05-29
107 Union Pacific Corp P 2021-07-01 2024-06-06
21 Visa Inc. P 2021-07-01 2024-12-19
7000 Newell P 2023-05-18 2024-01-08
22000 AT&T Inc. P 2021-09-10 2024-09-17
46000 Allegion bonds P 2021-07-01 2024-10-01
44000 Altria Group bonds P 2021-07-01 2024-01-11
45000 Americn Tower bonds P 2010-07-02 2024-04-03
11000 Americn Tower bonds P 2021-11-02 2024-04-03
27000 Bat Cap bonds P 2021-07-01 2024-05-23
22000 Broadcom bonds P 2021-08-08 2024-11-19
23000 Carlisle Co. bonds P 2021-07-02 2024-12-02
24000 Carrier Glbl Bonds P 2021-07-15 2024-03-26
24000 Carrier Glbl Bonds P 2021-09-16 2024-04-05
47000 Kraft Heinz bonds P 2023-07-12 2024-09-12
2000 Motorola bonds P 2021-07-15 2024-09-03
22000 Newell Brand bonds P 2021-07-01 2024-01-10
24000 QVC Inc. bonds P 2021-07-01 2024-12-13
50000 QVC Inc. bonds P 2021-07-01 2024-09-09
22000 Reynolds bonds P 2021-07-09 2024-05-21
59000 Tegna Inc. bonds P 2021-07-01 2024-07-05
22000 Trinity bonds P 2021-07-09 2024-01-04
15000 UST Note P 2021-11-09 2024-05-22
46000 Westinghouse bonds P 2021-09-21 2024-09-18
4935.668 Blackrock Equity Dividend P 2021-07-01 2024-04-01
352.129 Blackrock Equity Dividend P 2015-08-06 2024-04-01
1664.88 Blackrock Global Alloc P 2015-02-19 2024-04-01
1541.843 The Income Fund of America P 2000-01-01 2024-04-01
10860.349 Lord Abbett Fundamental Equity P 2000-01-01 2024-04-01
55.851 Lord Abbett Short Duration P 2012-10-31 2024-04-18
6087.647 Lord Abbett Short Duration P 2000-01-01 2024-04-25
6082.483 Thornburg Income Builder P 2015-05-15 2024-04-01
90.002 Virtus Nufleet Multi-Sector P 2013-04-02 2024-01-19
5014.547 Virtus Nufleet Multi-Sector P 2013-04-02 2024-01-26
5216.565 Virtus Nufleet Multi-Sector P 2013-04-02 2024-07-26
134.422 Virtus Nufleet Multi-Sector P 2013-04-02 2024-10-16
5448.595 Virtus Nufleet Multi-Sector P 2013-04-02 2024-10-22
(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 35,093   70,290 -35,197
b 121,504   118,209 3,295
c 250,000   250,000  
d 250,000   250,000  
e 250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
250,000   250,000  
50,000   49,987 13
1,016,000   1,016,000  
1,018,000   1,018,000  
1,015,000   1,015,000  
102,500   101,224 1,276
2,060   2,060  
5,318   5,988 -670
1,960   2,003 -43
7,476   7,798 -322
2,506   2,327 179
19,804   26,002 -6,198
2,005   2,682 -677
38,228   50,915 -12,687
28,365   23,932 4,433
5,640   4,635 1,005
3,202   3,082 120
1,937   2,055 -118
6,331   5,308 1,023
1,784   2,427 -643
1,565   2,157 -592
1,862   2,157 -295
31,489   42,323 -10,834
20,409   21,886 -1,477
8,973   9,977 -1,004
30,042   28,537 1,505
1,986   1,961 25
7,549   6,883 666
1,044   834 210
18,844   14,558 4,286
5,508   4,420 1,088
1,172   1,189 -17
11,983   13,346 -1,363
1,542   1,615 -73
918   1,702 -784
13,710   19,143 -5,433
2,046   1,212 834
3,282   1,697 1,585
36,291   19,964 16,327
9,437   8,847 590
1,452   900 552
4,014   2,443 1,571
21,959   24,289 -2,330
6,161   3,937 2,224
1,503   597 906
3,601   1,491 2,110
8,411   5,879 2,532
8,071   5,134 2,937
4,480   2,972 1,508
2,384   1,730 654
1,171   861 310
2,246   1,731 515
2,526   1,746 780
15,011   9,386 5,625
1,426   865 561
4,513   2,662 1,851
5,709   1,029 4,680
1,668   366 1,302
2,878   1,383 1,495
2,433   1,185 1,248
2,301   1,086 1,215
6,737   2,657 4,080
4,635   1,733 2,902
3,825   1,444 2,381
1,745   1,815 -70
5,891   5,899 -8
11,879   10,778 1,101
2,962   2,327 635
25,363   19,865 5,498
5,702   3,125 2,577
4,686   2,420 2,266
3,641   1,815 1,826
2,437   1,210 1,227
2,590   1,210 1,380
7,897   3,629 4,268
43,338   48,413 -5,075
24,376   22,713 1,663
6,616   4,928 1,688
6,878   6,663 215
21,815   23,086 -1,271
46,000   46,000  
43,512   46,579 -3,067
43,005   46,929 -3,924
10,512   10,317 195
23,995   25,048 -1,053
21,626   22,901 -1,275
23,000   23,000  
23,275   24,234 -959
22,313   24,636 -2,323
45,773   44,129 1,644
2,000   2,000  
21,533   22,031 -498
23,868   23,673 195
43,438   50,423 -6,985
21,718   22,553 -835
53,395   59,012 -5,617
21,614   23,283 -1,669
13,911   14,838 -927
45,159   47,385 -2,226
101,675   111,786 -10,111
7,254   7,727 -473
32,265   33,980 -1,715
37,236   33,559 3,677
163,557   142,964 20,593
213   213  
23,247   23,247  
152,731   132,744 19,987
402   402  
22,465   23,603 -1,138
23,526   24,442 -916
612   612  
24,737   25,781 -1,044
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       -35,197
b       3,295
c        
d        
e        
       
       
       
       
       
       
       
       
      13
       
       
       
      1,276
       
      -670
      -43
      -322
      179
      -6,198
      -677
      -12,687
      4,433
      1,005
      120
      -118
      1,023
      -643
      -592
      -295
      -10,834
      -1,477
      -1,004
      1,505
      25
      666
      210
      4,286
      1,088
      -17
      -1,363
      -73
      -784
      -5,433
      834
      1,585
      16,327
      590
      552
      1,571
      -2,330
      2,224
      906
      2,110
      2,532
      2,937
      1,508
      654
      310
      515
      780
      5,625
      561
      1,851
      4,680
      1,302
      1,495
      1,248
      1,215
      4,080
      2,902
      2,381
      -70
      -8
      1,101
      635
      5,498
      2,577
      2,266
      1,826
      1,227
      1,380
      4,268
      -5,075
      1,663
      1,688
      215
      -1,271
       
      -3,067
      -3,924
      195
      -1,053
      -1,275
       
      -959
      -2,323
      1,644
       
      -498
      195
      -6,985
      -835
      -5,617
      -1,669
      -927
      -2,226
      -10,111
      -473
      -1,715
      3,677
      20,593
       
       
      19,987
       
      -1,138
      -916
       
      -1,044
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 19,098
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 -32,530
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) 1 391,101
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 391,101
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 391,101
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 317,756
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 317,756
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 2,843
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 76,188
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11  
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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
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 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 arrowJim Weaver Telephone no.right arrow (432) 935-8597

Located atright arrowPO Box 12774DallasTX ZIP+4right arrow75225
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)
 
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
 
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)
 
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
Jean Broughton Trustee
0.00 		0    
PO Box 12774
Dallas,TX75225
Jim Weaver TRUSTEE
10.00 		60,000    
PO Box 12774
Dallas,TX75225
Clifton Talbot TRUSTEE
0.00 		1,000    
702 Avondale Dr
Big Spring,TX79720
John Grant TRUSTEE
0.00 		750    
7006 Highland Dr
Big Spring,TX79720
John Marshall TRUSTEE
0.00 		750    
3 Highland Cove
Big Spring,TX79720
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
45,728,058
b
Average of monthly cash balances.......................
1b
35,709,413
c
Fair market value of all other assets (see instructions)................
1c
1,897,550
d
Total (add lines 1a, b, and c).........................
1d
83,335,021
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
83,335,021
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,250,025
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
82,084,996
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,104,250
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
4,104,250
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
391,101
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
391,101
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,713,149
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
3,713,149
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,713,149
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
3,844,454
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
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
3,844,454
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 3,713,149
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 312,580
e From 2023......  
f Total of lines 3a through e ........ 312,580
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,844,454
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,713,149
e Remaining amount distributed out of corpus 131,305
5 Excess distributions carryover applied to 2024.    
(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 5 443,885
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		443,885
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 312,580
d Excess from 2023....  
e Excess from 2024.... 131,305
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).)
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 e-mail address of the person to whom applications should be addressed:
Jim Weaver
PO Box 12774
Dallas,TX75225
(432) 935-8597
bThe form in which applications should be submitted and information and materials they should include:
NO POLICY
cAny submission deadlines:
NO POLICY ON DEADLINES
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
APPLICANT MUST PROVIDE THE FOUNDATION WITH A CURRENT FAVORABLE IRS DETERMINATION LETTER.
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
Big Spring Police Department


3611 W Hwy 80
Big Spring,TX79720 		    OPERATIONS 50,780
Big Spring Symphony


PO Box 682
Big Spring,TX79721 		    OPERATIONS 5,000
Boys Girls Club of Concho Valley


2762 Ben Ficklin Rd
San Angelo,TX76903 		    OPERATIONS 20,000
CASA of West Texas


1611 W Texas Ave
Midland,TX79701 		    OPERATIONS 100,000
Children's Advocacy Center


3418 Town and Country Dr
San Angelo,TX76904 		    OPERATIONS 100,000
Children's Medical Center


2777 Stemmons Freeway Suite 1700
Dallas,TX75207 		    OPERATIONS 500,000
Concho Valley Home for Girls


412 Preusser
San Angelo,TX76903 		    OPERATIONS 20,000
Cook Children's Health Foundation


801 7th Ave
Fort Worth,TX76104 		    Operations 250,000
Friends of the Library of Howard Co


500 Main Street
Big Spring,TX79720 		    OPERATIONS 5,355
Howard County Sheriff


PO Box 1949
Big Spring,TX79721 		    OPERATIONS 110,000
Howard County Volunteer Fire Dept


PO Box 2877
Big Spring,TX79721 		    OPERATIONS 890,000
Howard County Youth Horsman Club


1008 S Moss Lake Rd
Big Spring,TX79720 		    Operations 98,319
Martin County Hospital District


PO Box 640
Stanton,TX79782 		    OPERATIONS 250,000
Rape Crisis Services of Big Spring


2906 W 13th St
Big Spring,TX79720 		    Operations 100,000
UMC Foundation


602 Indiana Ave
Lubbock,TX79415 		    OPERATIONS 300,000
Visiting Nurse Association Dallas


1420 W Mockingbird Ln 700
Fsllsd,TX75247 		    OPERATIONS 40,000
West Texas Boys Ranch


PO Box 4077
San Angelo,TX76904 		    Operations 100,000
West Texas Community Mediation Cent


501 Runnels St
Big Spring,TX79721 		    Operations 50,000
West Texas Counseling Guidance Cent


36 E Twohig Cactus Hotel 6th Flo
San Angelo,TX76903 		    OPERATIONS 110,000
West Texas Rehabilitation Center


4601 Hartford St
Abilene,TX76905 		    Operations 125,000
Westside Community Daycare Center


PO Box 2296
Big Spring,TX79721 		    OPERATIONS 120,000
YMCA Teen Center


PO Box 1428
Big Spring,TX79721 		    Operations 500,000
Total .................................right arrow 3a 3,844,454
bApproved for future payment
Total ................................. right arrow 3b  
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 ........... 		    14 522,267  
4 Dividends and interest from securities ....     14 2,494,798  
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 ............ 		        19,098
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aIncome from partnership 		    14 11,625  
bNet from oil & gas interests     16 25,731,265  
cOil & gas lease rentals     15 3,781  
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   28,763,736 19,098
13Total. Add line 12, columns (b), (d), and (e)..................
13
28,782,834
(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.
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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
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020490
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting & tax preparation 29,092 29,092 0 0

TY 2024 InvestmentsCorpBondsSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
Corporate Bonds (schedule attached) 11,923,239 11,231,967

TY 2024 InvestmentsCorpStockSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Corporate Stocks (schedule attached) 20,399,232 23,153,784

TY 2024 InvestmentsGovtObligationsSch
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
US Government Securities - End of Year Book Value:

1,994,162
US Government Securities - End of Year Fair Market Value:

1,994,162
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 InvestmentsOtherSchedule2
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Other Securities (schedule attached) AT COST 11,785,487 12,577,563

TY 2024 LegalFeesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 12,159 12,159 0 0


TY 2024 OtherDecreasesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Description Amount
Current year estimated tax payments 205,000


TY 2024 OtherExpensesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank charges 15 15    
Contract services 1,000 1,000    
Lease operating expenses paid 3,616 3,616    
Postage & delivery 188 188    


TY 2024 OtherIncomeSchedule2
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Income from partnership 11,625 11,625 11,625
Net from oil & gas interests 25,731,265 25,731,265 25,731,265
Oil & gas lease rentals 3,781 3,781 3,781


TY 2024 OtherIncreasesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Description Amount
Tax Refund 43,750


TY 2024 OtherProfessionalFeesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 348,458 348,458 0 0


TY 2024 TaxesSchedule
Name:
Broughton Foundation Trust
EIN:
75-6395131
Software ID:
24020490
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Mineral property taxes 249,216 249,216