Scharbauer Foundation Inc — Form 990PF, tax year 2024

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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
SCHARBAUER FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)300 N MARIENFELD 900
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MIDLAND, TX797014387
A Employer identification number

26-2527362
B Telephone number (see instructions)

(432) 683-2222
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$658,759,406J Accounting method:
Modified Cash
(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 763,765 763,765  
4 Dividends and interest from securities... 11,466,192 11,585,698  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 804,425
b Gross sales price for all assets on line 6a 18,568,480
7 Capital gain net income (from Part IV, line 2)... 804,425
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
71,589,529 75,665,570  
12 Total. Add lines 1 through 11........ 84,623,911 88,819,458  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,314,056 362,174   951,882
14 Other employee salaries and wages...... 251,538 3,584   247,954
15 Pension plans, employee benefits....... 389,458 88,883   300,575
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
127,120 107,246   19,874
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,250 7,723   35,527
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,234,047 980,950   253,097
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
1,378,277 73,277   0
19 Depreciation (attach schedule) and depletion... 101,116 0  
20 Occupancy.............. 219,029 39,112   179,917
21 Travel, conferences, and meetings....... 117,545 20,416   97,129
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
156,805 7,269,466   136,281
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,332,241 8,952,831   2,222,236
25 Contributions, gifts, grants paid....... 27,346,033 27,346,033
26 Total expenses and disbursements. Add lines 24 and 25 32,678,274 8,952,831   29,568,269
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 51,945,637
b Net investment income (if negative, enter -0-) 79,866,627
c Adjusted net income (if negative, enter -0-)...  
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............. 123,426 107,311 107,311
2 Savings and temporary cash investments......... 5,747,840 13,282,948 13,282,948
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 17,345,092 Click to see attachment
List of Attached Documents:
// Content
17,643,856 		17,643,856
b Investments—corporate stock (attach schedule)....... 43,110,142 Click to see attachment
List of Attached Documents:
// Content
48,387,235 		48,387,235
c Investments—corporate bonds (attach schedule)....... 19,610,976 Click to see attachment
List of Attached Documents:
// Content
21,880,501 		21,880,501
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).......... 366,449,727 Click to see attachment
List of Attached Documents:
// Content
457,237,902 		457,237,902
14 Land, buildings, and equipment: basis right arrow1,070,361
Less: accumulated depreciation (attach schedule) right arrow415,708 720,439 Click to see attachment
List of Attached Documents:
// Content
654,653 		654,653
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
851,914 		Click to see attachment
List of Attached Documents:
// Content
851,914 		Click to see attachment
List of Attached Documents:
// Content
99,565,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 453,959,556 560,046,320 658,759,406
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 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........... 453,959,556 560,046,320
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)..... 453,959,556 560,046,320
30 Total liabilities and net assets/fund balances (see instructions). 453,959,556 560,046,320
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
453,959,556
2
Enter amount from Part I, line 27a .....................
2
51,945,637
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
54,141,127
4
Add lines 1, 2, and 3 ..........................
4
560,046,320
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
560,046,320
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 SALES OF PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS DIVIDENDS P    
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 18,316,982   17,764,055 552,927
b 251,498     251,498
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       552,927
b       251,498
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 2 804,425
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 1,110,146
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 1,110,146
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,110,146
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,207,375
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 1,207,375
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 97,229
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow97,229 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowWWW.SCHARBAUERFOUNDATION.ORG
14
The books are in care ofright arrowJOANN PRICE Telephone no.right arrow (432) 683-2222

Located atright arrow300 N MARIENFELD SUITE 900MIDLANDTX ZIP+4right arrow797014387
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
 
 
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
DAN HORD CHAIR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
JIM NELSON VICE CHAIR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
JAMES M ALSUP ASSISTANT SECRETARY
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
GARY DOUGLAS ASSISTANT TREASURER
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
CINDY BLACK DIRECTOR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
TIM LEACH DIRECTOR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
KATY MORROW DIRECTOR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
SCOTT RYBURN DIRECTOR
0.05 		0 0 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
GRANT A BILLINGSLEY THRU 123124 PRESIDENT AND CEO
40.00 		601,153 75,365 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
SARAH A SHAW VICE PRESIDENT AND SECRETARY
40.00 		243,100 50,861 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
JOANN PRICE TREASURER
40.00 		205,700 65,359 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
MARY ANN BENINATI BEGAN 72924 EXECUTIVE VICE PRESIDENT
40.00 		264,103 23,318 0
300 N MARIENFELD ST SUITE 900
MIDLAND,TX79701
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
MEGAN BUCK PROGRAM OFFICER
40.00 		99,000 33,068 0
300 N MARIENFELD SUITE 900
MIDLAND,TX79701
SHANNA WILLIAMS PROGRAM ADMINISTRATO
40.00 		80,850 46,802 0
300 N MARIENFELD SUITE 900
MIDLAND,TX79701
DAVID GUERRERO STAFF ACCOUNTANT
40.00 		71,688 11,565 0
300 N MARIENFELD SUITE 900
MIDLAND,TX79701
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
GOLDMAN SACHS & CO LLC INVESTMENT SERVICES 724,043
609 MAIN STREET SUITE 2100
HOUSTON,TX77002
VANGUARD INSTITUTIONAL ADVISORY SERVICES INVESTMENT SERVICES 241,572
PO BOX 3009
MONROE,WI535668309
KITAMBA MGT LLC PROGRAM CONSULTANT 89,840
4320 WEST KENNEDY BLVD
TAMPA,FL33609
HOLLAND & KNIGHT LEGAL FEES 56,016
PO BOX 936937
ATLANTA,GA311936937
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
511,930,594
b
Average of monthly cash balances.......................
1b
10,632,453
c
Fair market value of all other assets (see instructions)................
1c
99,565,000
d
Total (add lines 1a, b, and c).........................
1d
622,128,047
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
622,128,047
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
9,331,921
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
612,796,126
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
30,639,806
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
30,639,806
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
1,110,146
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,110,146
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
29,529,660
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
29,529,660
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
29,529,660
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
29,568,269
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
35,940
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
29,604,209
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 29,529,660
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 7,098,404
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$ 29,604,209
a Applied to 2023, but not more than line 2a 7,098,404
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..... 22,505,805
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		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 .......... 		7,023,855
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 ...... 		0
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....  
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:
SCHARBAUER FOUNDATION INC
300 N MARIENFELD ST STE 900
MIDLAND,TX797014387
(432) 683-2222
bThe form in which applications should be submitted and information and materials they should include:
ORGANIZATIONS REQUESTING FUNDING FILL OUT AND SUBMIT AN ONLINE PRE-APPLICATION THROUGH THE FOUNDATIONS WEBSITE AT WWW.SCHARBAUERFOUNDATION.ORG BY DUE DATES LISTED ON THE HOME PAGE. THE FOUNDATION WILL INVITE SELECTED PREAPPLICANTS TO SUBMIT AN ONLINE FULL GRANT REQUEST. INSTRUCTIONS AND ATTACHMENTS ARE INCLUDED IN THE ONLINE REQUEST PROCESS.
cAny submission deadlines:
SPRING AND FALL CYCLE; DATES CHANGE EACH YEAR AND ARE POSTED ON THE ORGANIZATION'S WEBSITE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE SCHARBAUER FOUNDATION SEEKS TO MAKE GRANTS THAT WILL HELP MIDLAND BE A BETTER PLACE IN WHICH TO LIVE AND OPERATE A BUSINESS. THE FOLLOWING ARE GENERAL GUIDELINES USED BY THE FOUNDATION IN EVALUATING GRANT REQUESTS. FOCUS AREAS * EDUCATION * HEALTH * PUBLIC/CIVIC BENEFIT * HUMAN/SOCIAL SERVICES GEOGRAPHICAL PREFERENCE AREAS * MIDLAND, TEXAS
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

311 MINISTRIES

7110 NORTH ELKINS ROAD
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 2,500

AMERICAN RED CROSS - PERMIAN BASIN CHAPTER

9601 WRIGHT DRIVE
MIDLAND,TX79711 		N/A PC MIDLAND COUNTY DISASTER RELIEF 35,000

BIG BROTHERS BIG SISTERS OF THE PERMIAN BASIN INC

714 W LOUISIANA AVE
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

BIG BROTHERS BIG SISTERS OF THE PERMIAN BASIN INC

714 W LOUISIANA AVE
MIDLAND,TX79701 		N/A PC ENGAGING MARKETING FIRM FOR VOLUNTEER RECRUITMENT 20,000

BOY SCOUTS OF AMERICA BUFFALO TRAIL COUNCIL

10 DESTA DRIVE SUITE 170 LL
MIDLAND,TX79705 		N/A PC UTILITY VEHICLES FOR BUFFALO TRAIL SCOUT RANCH 60,000

BOYS AND GIRLS CLUBS OF THE PERMIAN BASIN

800 E 13TH ST
ODESSA,TX79761 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

BYNUM SCHOOL

5100 AVALON DRIVE
MIDLAND,TX79707 		N/A PC SUBSIDENCE REPARATIONS PROJECT 750,000

CASA DE AMIGOS OF MIDLAND TEXAS INCORPORATED

1101 GARDEN LN
MIDLAND,TX79701 		N/A PC RENOVATIONS TO EXPAND CAPACITY FOR YOUTH AND ADULT EDUCATION 185,000

CENTERS FOR CHILDREN AND FAMILIES INC

3701 ANDREWS HIGHWAY
MIDLAND,TX79703 		N/A PC GENERAL OPERATING 75,000

CENTERS FOR CHILDREN AND FAMILIES INC

3701 ANDREWS HIGHWAY
MIDLAND,TX79703 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 10,000

CENTERS FOR CHILDREN AND FAMILIES INC

3701 ANDREWS HIGHWAY
MIDLAND,TX79703 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

CHRISTMAS IN ACTION INC

500 S LEE ST
MIDLAND,TX79701 		N/A PC WINDOW REPLACEMENT 20,000

COMMUNITY CHILDREN'S CLINIC

1101 E FRONT STREET
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

COMMUNITY CHILDREN'S CLINIC

1101 E FRONT STREET
MIDLAND,TX79701 		N/A PC EQUIPMENT UPDATES AND CLINIC RENOVATIONS 43,950

HARMONY PUBLIC SCHOOLS

9321 WEST SAM HOUSTON PKWY SOUTH
HOUSTON,TX77099 		N/A PC MIDLAND CAPITAL CAMPAIGN HARMONY PUBLIC SCHOOLS 4,000,000

HIGH SKY CHILDREN'S RANCH

8613 WEST COUNTY RD 60
MIDLAND,TX79707 		N/A PC SECURITY UPGRADES & CAMPUS IMPROVEMENTS 81,850

HIGH SKY CHILDREN'S RANCH

8613 WEST COUNTY RD 60
MIDLAND,TX79707 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

HIGH SKY CHILDREN'S RANCH

8613 WEST COUNTY RD 60
MIDLAND,TX79707 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 12,500

HOSPICE OF MIDLAND

911 WEST TEXAS AVE
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

I-20 WILDLIFE PRESERVE & JENNA WELCH NATURE STUDY CENTER

2201 S MIDLAND DR
MIDLAND,TX79703 		N/A PC EDUCATION PROGRAMS AND JOB CORPS PROGRAM 30,000

LITERACY COALITION OF THE PERMIAN BASIN

3500 N A STREET SUITE 2700
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 12,500

LITERACY COALITION OF THE PERMIAN BASIN

3500 N A STREET SUITE 2700
MIDLAND,TX79705 		N/A PC ESL PROGRAM IN MIDLAND AND ODESSA 25,000

MD ANDERSON CANCER CENTER

PO BOX 4486
HOUSTON,TX77210 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 50,000

MIDLAND ATHLETIC SYNDICATE INC

300 N MARIENFELD STE 700
MIDLAND,TX79701 		N/A PC CAPITAL CAMPAIGN FOR INDOOR MULTI-SORT COMPLEX SERVING YOUTH & ADULTS 8,500,000

MIDLAND COLLEGE FOUNDATION INC

3600 N GARFIELD
MIDLAND,TX79705 		N/A PC COLLEGE AND CAREER CONNECTIONS (C3) 500,000

MIDLAND COLLEGE FOUNDATION INC

3600 N GARFIELD
MIDLAND,TX79705 		N/A PC EARLY COLLEGE HIGH SCHOOL AT MC 2024-2025 50,000

MIDLAND COLLEGE FOUNDATION INC

3600 N GARFIELD
MIDLAND,TX79705 		N/A PC LEGACY SCHOLARS PROGRAM AT MC 2024-2025 88,000

MIDLAND COMMUNITY THEATRE

2000 W WADLEY AVE
MIDLAND,TX79705 		N/A PC ADDITIONAL FUNDING: LOBBY AND EDUCATION DEPARTMENT EXPANSION 425,000

MIDLAND FAIR HAVENS INC

2400 WHITMIRE BLVD SUITE 100
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 12,500

MIDLAND HABITAT FOR HUMANITY

305 E TEXAS AVE
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

MIDLAND ISD EDUCATION FOUNDATION

615 W MISSOURI
MIDLAND,TX79701 		N/A PC LEADERSHIP TRAINING - MIDLAND ISD TRUSTEE BURLESON 11,178

MIDLAND MEMORIAL FOUNDATION

400 ROSALIND REDFERN GROVER PARKWAY
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 15,000

MIDLAND MEMORIAL FOUNDATION

400 ROSALIND REDFERN GROVER PARKWAY
MIDLAND,TX79701 		N/A PC CAPITAL CAMPAIGN: MIDLAND HEALTH FACILITIES EXPANSION AND RENOVATION PROJECT 7,000,000

MISSION AGAPE

2901 MARANATHA PLACE
MIDLAND,TX79707 		N/A PC CAPITAL CAMPAIGN FOR FOOD DISTRIBUTION CENTER 200,000

NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN

3500 NORTH A STREET SUITE 2300
MIDLAND,TX79705 		N/A PC BREAKING BREAD MINISTRIES CONSULTING & TRAINING 3,098

NONPROFIT MANAGEMENT CENTER OF THE PERMIAN BASIN

3500 NORTH A STREET SUITE 2300
MIDLAND,TX79705 		N/A PC GENERAL OPERATING SUPPORT 55,000

NORTHEAST MIDLAND COUNTY VOLUNTEER FIRE DEPARTMENT

5310 E CR 60
MIDLAND,TX79705 		N/A PC COMMUNICATIONS INFRASTRUCTURE UPDATE 350,000

ODESSA CHRISTMAS IN ACTION INC

2981 EAST PEARL STREET
ODESSA,TX79761 		N/A PC WORKDAYS AND EMERGENCY REPAIRS 15,000

ONE ACCORD FOR KIDS

18 DESTA DR
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

ONE ACCORD FOR KIDS

18 DESTA DR
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 10,000

PERMIACARE

401 E ILLINOIS
MIDLAND,TX79701 		N/A PC BUILDING RENOVATION FOR NEW MENTAL HEALTH CRISIS RESPITE FACILITY 255,000

PERMIAN BASIN AREA FOUNDATION

200 N LORAINE SUITE 500
MIDLAND,TX79701 		N/A PC MIDLAND DOWNTOWN PARK CONSERVANCY ENDOWMENT FUND 500,000

PERMIAN BASIN FELLOWSHIP OF CHRISTIAN ATHLETES

3500 N A STREET
MIDLAND,TX79705 		N/A PC MIDLAND AND ODESSA BIBLE STUDY GROUPS 20,000

PERMIAN BASIN MEDICAL CENTER (DBA THE BEACON ALLIANCE)

4903 CRISTA LN
MIDLAND,TX79707 		N/A PC OPERATING BUDGET SUPPORT 2025-2026 1,237,348

RAYS OF HOPE CHILDREN'S GRIEF CENTRE - HOSPICE OF MIDLAND

900 W WALL ST
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

RAYS OF HOPE CHILDREN'S GRIEF CENTRE - HOSPICE OF MIDLAND

900 W WALL ST
MIDLAND,TX79701 		N/A PC BUILDING SECURITY UPDATES 36,777

ROPE YOUTH

922 S MAIN ST
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 10,000

SAMARITAN CENTER INC

10008 PILOT AVE
MIDLAND,TX79706 		N/A PC GENERAL OPERATING SUPPORT 65,000

SIBLEY NATURE CENTER

1307 E WADLEY
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

SPECTRUM OF SOLUTIONS

2701 NORTH A STREET
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

SPRINGBOARD CENTER

200 CORPORATE DR
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 2,500

SPRINGBOARD CENTER

200 CORPORATE DR
MIDLAND,TX79705 		N/A PC GENERAL OPERATING 100,000

TEEN CHALLENGE OF THE PERMIAN BASIN INC

6901 S COUNTY ROAD 1200
MIDLAND,TX79706 		N/A PC GENERAL OPERATING 50,000

TEEN FLOW

711 S MAIN ST
MIDLAND,TX79701 		N/A PC GENERAL OPERATING SUPPORT 35,000

THE HOLDSWORTH CENTER

4907 RANCH ROAD 2222
AUSTIN,TX78731 		N/A PC 2023-2025 MISD & ECISD LEADERSHIP DEVELOPMENT: CAMPUS LEADERSHIP PROGRAM & LEADERSHIP COLLABORATIVE 750,000

THE LIFE CENTER

2101 W WALL ST
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

THE UNIVERSITY OF TEXAS OF THE PERMIAN BASIN

4901 E UNIVERSITY BLVD
ODESSA,TX79762 		N/A PC GRADUATE SCHOLARSHIP PROGRAM TO INCREASE THE NUMBER OF LICENSED BEHAVIORAL HEALTH PROFESSIONALS IN MIDLAND, ODESSA, AND SURROUNDING COUNTIES 1,190,282

TOYA'S PRECIOUS JEWELS ACADEMY PERMIAN BASIN

511 W MISSOURI AVE
MIDLAND,TX79701 		N/A PC START-UP COSTS FOR NEW CHILD CARE CENTER 17,500

UNITED WAY OF MIDLAND INC

1209 W WALL ST
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 10,000

UNITED WAY OF MIDLAND INC

1209 W WALL ST
MIDLAND,TX79701 		N/A PC 2024 EXCELLENCE IN EDUCATION AWARDS 10,000

UNITED WAY OF MIDLAND INC

1209 W WALL ST
MIDLAND,TX79701 		N/A PC CAPITAL CAMPAIGN: BUILDING REMODEL AND ADDITION 150,000

UNITED WAY OF MIDLAND INC

1209 W WALL ST
MIDLAND,TX79701 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 12,500

WEST TEXAS FOOD BANK

411 S PAGEWOOD AVE
ODESSA,TX79761 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 25,000

WEST TEXAS FOOD BANK

411 S PAGEWOOD AVE
ODESSA,TX79761 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 5,000

YOUNG LIFE

925 W WADLEY AVENUE
MIDLAND,TX79705 		N/A PC 2024 BOARD DIRECTED GIFT - GENERAL OPERATING 50,000

PHILANTHROPY SOUTHWEST

3000 PEGASUS DRIVE SUITE 706
DALLAS,TX752476204 		N/A PC MEMBERSHIP GRANT 6,050
Total .................................right arrow 3a 27,346,033
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 ........... 		    14 763,765  
4 Dividends and interest from securities ....     14 11,466,192  
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 .....     15 71,589,065  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 804,425  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aFIXED ASSET ADJUSTMENTS 		    01 464  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 84,623,911 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
84,623,911
(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:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 43,250 7,723   35,527

TY 2024 InvestmentsCorpBondsSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Name of Bond End of Year Book Value End of Year Fair Market Value
AERCAP IRELAND CAPITAL DESIGNA 3.0% 10/29/2028 USD SR LIEN (AYDZ1G) 142,563 142,563
AGILENT TECHNOLOGIES INC 2.75% 09/15/2029 USD SR LIEN (AB2D8C) 385,144 385,144
AMERICAN INTERNATIONAL GROUP, 3.875% 01/15/2035 USD SR LIEN (904I20) 184,682 184,682
AMGEN INC. 2.0% 01/15/2032 USD SR LIEN (ARJX2Z) 219,404 219,404
AMGEN INC. 3.0% 02/22/2029 USD SR LIEN (AYEES6) 160,735 160,735
APPLE INC. 0.7% 02/08/2026 USD SR LIEN (ARJ7SD) 168,146 168,146
AT&T INC. 2.3% 06/01/2027 USD SER * SR LIEN (AJX6DW) 226,482 226,482
AXA EQUITABLE HOLDINGS, INC. 4.35% 04/20/2028 USD SER WI SR LIEN (AB1VJ8) 123,453 123,453
B.A.T. CAPITAL CORPORATION 3.557% 08/15/2027 (AB1QI4) 77,398 77,398
BANCO SANTANDER, S.A. 4.25% 04/11/2027 USD SR LIEN (AB0JE7) 196,473 196,473
BANCO SANTANDER, S.A. 4.379% 04/12/2028 USD SR LIEN (AB1A5X) 195,077 195,077
BANK OF AMERICA CORP HYBRID MTN 01/20/2028 3.824% (4JNXF3) 450,684 450,684
BANK OF NY MELLON CORP MTN 1.8% 07/28/2031 USD SR LIEN (ARJV5J) 457,475 457,475
BARCLAYS PLC 5.2% 05/12/2026 USD SUB LIEN (2WH1N3) 200,221 200,221
BAXTER INTERNATIONAL INC 2.539% 02/01/2032 USD SR LIEN (B5M0WX) 204,356 204,356
BB&T CORPORATION MTN 3.875% 03/19/2029 USD SUB LIEN (AB1ZXN) 281,459 281,459
BORGWARNER INC 2.65% 07/01/2027 USD SR LIEN (AJX9LT) 210,234 210,234
BP CAP MARKETS AMERICA 3.017% 01/16/2027 USD SER * SR LIEN (AB1T8E) 130,834 130,834
BP CAPITAL MARKETS AMERICA INC 3.543% 04/06/2027 USD SR LIEN (AJX1ED) 107,418 107,418
CHARLES SCHWAB CORPORATION (TH 0.9% 03/11/2026 USD SR LIEN (ARJ1MD) 95,674 95,674
CHARLES SCHWAB CORPORATION (TH 3.85% 05/21/2025 SR LIEN (AB1DN9) 199,445 199,445
CHEVRON U.S.A. INC. 0.687% 08/12/2025 SR LIEN (AJXGQC) 97,712 97,712
CIGNA CORPORATION 4.375% 10/15/2028 USD SR LIEN (AB2CIY) 139,155 139,155
CITIGROUP INC. HYBRID 01/10/2028 USD SR LIEN CPN 01/10/17 3.887% (4JMO24) 210,772 210,772
CITIGROUP INC. HYBRID 04/08/2026 SR LIEN CPN 04/08/20 3.106% (AJX194) 124,400 124,400
COMCAST CORPORATION 4.4% 08/15/2035 USD SR LIEN (90H0Z7) 421,377 421,377
CROWN CASTLE INTERNATIONAL COR 3.8% 02/15/2028 USD SR LIEN (AB11PM) 125,099 125,099
CVS HEALTH CORPORATION 2.125% 09/15/2031 USD SR LIEN (ARJXEB) 290,759 290,759
DOMINION ENERGY INC 4.25% 06/01/2028 USD SR LIEN (AB1EKX) 230,521 230,521
ENERGY TRANSFER PARTNERS 4.2% 04/15/2027 USD SR LIEN (4JNDM0) 113,469 113,469
ENTERGY CORP 1.9% 06/15/2028 USD SR LIEN (ARJBVU) 264,623 264,623
ENTERPRISE PRODUCTS OPER 4.15% 10/16/2028 USD SR LIEN (AB1NIB) 136,654 136,654
FIFTH THIRD BANCORP 2.55% 05/05/2027 USD SR LIEN (AJX46O) 446,364 446,364
FISERV, INC. 4.2% 10/01/2028 USD SR LIEN (AB1MIS) 214,909 214,909
FOX CORPORATION 4.709% 01/25/2029 USD SER WI SR LIEN (AJX16J) 199,657 199,657
GENERAL MOTORS FINL CO 4.0% 01/15/2025 SR LIEN (903Y65) 119,950 119,950
GILEAD SCIENCES INC. 4.6% 09/01/2035 USD SR LIEN (90SH69) 347,997 347,997
HEWLETT PACKARD ENTERPRISE 10/15/2025 4.9% 12/30/16-10/15/25 (4JLGH2) 174,988 174,988
HOME DEPOT INC 1.375% 03/15/2031 USD SR LIEN (ARJ43T) 200,890 200,890
HSBC HOLDINGS PLC HYBRID 03/13/2028 USD SR LIEN CPN 03/13/17 4.041% (AB0H8W) 200,662 200,662
HUMANA INC. 3.125% 08/15/2029 USD SR LIEN (AB2B4H) 274,702 274,702
IBM CORP 3.3% 01/27/2027 USD SR LIEN (4JOJI1) 121,764 121,764
ING GROEP N.V. 4.55% 10/02/2028 USD SR LIEN (AB1MTU) 398,416 398,416
INGERSOLL-RAND LUXEMBOURG FINA 3.5% 03/21/2026 USD SR LIEN (AB20FY) 320,473 320,473
INTEL CORPORATION 2.45% 11/15/2029 USD SR LIEN (AB2K7F) 267,677 267,677
INTERCONTINENTAL EXCHANGE, INC 1.85% 09/15/2032 USD SR LIEN (AJXHLH) 248,420 248,420
JPMORGAN CHASE & CO. HYBRID 03/13/2026 SR LIEN CPN 03/13/20 2.005% (AJWZD6) 159,075 159,075
JPMORGAN CHASE & CO. HYBRID 04/22/2026 SR LIEN CPN 04/22/20 2.083% (AJX2QR) 193,323 193,323
L3HARRIS TECHNOLOGIES, INC. 4.4% 06/15/2028 USD SER WI SR LIEN (AJX4K6) 250,484 250,484
LLOYDS BANKING GROUP PLC HYBRID 05/11/2027 1.627% (ARJCAO) 191,290 191,290
LOCKHEED MARTIN CORPORATION 3.6% 03/01/2035 USD SR LIEN (901SS8) 414,920 414,920
MARSH & MCLENNAN COMPANIES INC 3.75% 03/14/2026 (90SG60) 118,864 118,864
MICROSOFT CORPORATION 3.5% 02/12/2035 USD SR LIEN (906ZY6) 584,005 584,005
MIZUHO FINANCIAL GROUP, INC. HYBRID 07/09/2032 2.26% (ARJTFJ) 202,040 202,040
MPLX LP 4.875% 06/01/2025 SER WI SR LIEN (4J4OY4) 194,867 194,867
NXP BV/NXP FDG/NXP USA 2.65% 02/15/2032 USD SER WI SR LIEN (AYETNZ) 241,631 241,631
NXP BV/NXP FUNDING LLC 5.55% 12/01/2028 USD SR LIEN (AYETNC) 157,683 157,683
PHILIP MORRIS INTL INC 0.875% 05/01/2026 USD SR LIEN (AJXQKK) 160,809 160,809
PNC BANK NA 2.7% 10/22/2029 USD SER BKNT SUB LIEN (AB2H5N) 260,171 260,171
PUBLIC SERVICE ENTERPRISE GROU 1.6% 08/15/2030 USD SR LIEN (AJXH0J) 244,881 244,881
PUBLIC STORAGE 0.875% 02/15/2026 USD SR LIEN (ARJ5JU) 91,166 91,166
PUBLIC STORAGE 1.85% 05/01/2028 USD SR LIEN (ARJHIX) 530,650 530,650
REALTY INCOME CORP 3.4% 01/15/2028 USD SR LIEN (AYE1GE) 167,907 167,907
REGIONS FINANCIAL CORP 1.8% 08/12/2028 USD SR LIEN (ARJXEX) 128,254 128,254
REPUBLIC SERVICES INC 1.45% 02/15/2031 USD SR LIEN (AJXGUM) 386,155 386,155
REYNOLDS AMERICAN INC 4.45% 06/12/2025 SR LIEN (902OF8) 164,543 164,543
ROYAL BANK OF SCOTLAND GROUP P HYBRID 05/18/2029 4.892% (AB1DFJ) 275,267 275,267
S&P GLOBAL INC. 1.25% 08/15/2030 USD SR LIEN (AJXGON) 220,166 220,166
SANTANDER UK GROUP HOLDINGS PL HYBRID 08/21/2026 1.532% (AJXHL9) 195,420 195,420
SHELL INTERNATIONAL FIN 4.125% 05/11/2035 USD SR LIEN (90EYY0) 190,867 190,867
SIMON PROPERTY GROUP, L.P. 3.3% 01/15/2026 USD SR LIEN (4OPVZ0) 123,398 123,398
SRS CCD 26745899 MTN 3.75% 06/01/2026 USD SR LIEN (AB24N8) 157,523 157,523
SUMITOMO MITSUI FINANCIAL GROU 1.902% 09/17/2028 USD SR LIEN (ARK1A7) 286,682 286,682
SUMITOMO MITSUI FINANCIAL GROU 3.944% 07/19/2028 USD SR LIEN (AB1HM4) 140,717 140,717
THE J. M. SMUCKER COMPANY 4.25% 03/15/2035 USD SER WI SR LIEN (902DC7) 201,212 201,212
THE SOUTHERN COMPANY 3.25% 07/01/2026 USD SR LIEN (2WJ4F3) 264,514 264,514
T-MOBILE USA, INC. 2.05% 02/15/2028 USD SER WI SR LIEN (ARJN6M) 185,470 185,470
TOTAL CAPITAL INTERNATIONAL 3.455% 02/19/2029 USD SR LIEN (AB1XET) 145,765 145,765
U.S. BANCORP MTN 3.0% 07/30/2029 USD SUB LIEN (AB29VQ) 196,120 196,120
U.S. TREASURY BOND 4.500000% 02/15/2036 FA ON THE RUN (TB4536) 2,051,987 2,051,987
UNILEVER CAPITAL CORP 1.75% 08/12/2031 USD SR LIEN (ARJXFE) 559,588 559,588
UNITEDHEALTH GROUP INC 4.625% 07/15/2035 USD SR LIEN (90LR55) 389,122 389,122
VERIZON COMMUNICATIONS 5.25% 03/16/2037 USD SR LIEN (AB0HR1) 205,029 205,029
VERIZON COMMUNICATIONS, INC. 3.875% 02/08/2029 USD SR LIEN (AB1X1N) 191,926 191,926
VISA INC. 4.15% 12/14/2035 USD SR LIEN (4OAM42) 213,486 213,486
WAL-MART STORES, INC. 5.25% 09/01/2035 USD SR LIEN (2ST5N8) 174,117 174,117
WASTE CONNECTIONS INC 2.2% 01/15/2032 USD SR LIEN (ARK0WW) 216,428 216,428
WASTE MANAGEMENT INC 1.5% 03/15/2031 USD SR LIEN (AJXR9L) 200,276 200,276
XCEL ENERGY INC 3.3% 06/01/2025 SR LIEN (90HLD3) 143,936 143,936

TY 2024 InvestmentsCorpStockSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Name of Stock End of Year Book Value End of Year Fair Market Value
EPIROC AB ADR CMN (EPOAY) 16539 SHARES 288,225 288,225
INTRA-CELLULAR THERAPIES, INC. CMN (ITCI) 1550 SHARES 129,456 129,456
PARAGON 28, INC. CMN (FNA) 4700 SHARES 48,551 48,551
ALPHABET INC. CMN CLASS C (GOOG) 2805 SHARES 534,184 534,184
AXALTA COATING SYSTEMS LTD. CMN (AXTA) 6075 SHARES 207,887 207,887
BANK OF AMERICA CORP CMN (BAC) 13150 SHARES 577,943 577,943
BAXTER INTERNATIONAL INC CMN (BAX) 17100 SHARES 498,636 498,636
BERKSHIRE HATHAWAY INC. CLASS B (BRKB) 1310 SHARES 593,797 593,797
CORNING INCORPORATED CMN (GLW) 4900 SHARES 232,848 232,848
DEVON ENERGY CORPORATION (NEW) CMN (DVN) 8833 SHARES 289,104 289,104
ELANCO ANIMAL HEALTH INCORPORA CMN (ELAN) 45450 SHARES 550,400 550,400
GRAPHIC PACKAGING HLDGCO CMN (GPK) 19300 SHARES 524,188 524,188
LIONS GATE ENTERTAINMENT CORP. CMN CLASS B (LGFB) 51500 SHARES 388,825 388,825
MICRON TECHNOLOGY, INC. CMN (MU) 6695 SHARES 563,451 563,451
MOHAWK INDUSTRIES INC COMMON STOCK (MHK) 2660 SHARES 316,886 316,886
SENSATA TECHNOLOGIES HOLDING P CMN (ST) 13700 SHARES 375,380 375,380
SS&C TECHNOLOGIES HOLDINGS, IN CMN (SSNC) 6275 SHARES 475,520 475,520
TOPGOLF CALLAWAY BRANDS CORP CMN (MODG) 35500 SHARES 279,030 279,030
WALT DISNEY COMPANY (THE) CMN (DIS) 6000 SHARES 668,100 668,100
ZIMMER BIOMET HOLDINGS INC (ZBH) 5550 SHARES 586,247 586,247
DUN & BRADSTREET HOLDINGS, INC CMN (DNB) 19300 SHARES 240,478 240,478
L3HARRIS TECHNOLOGIES INC CMN (LHX) 2425 SHARES 509,929 509,929
NASDAQ INC. CMN (NDAQ) 6495 SHARES 502,128 502,128
NCR VOYIX CORP CMN (VYX) 38100 SHARES 527,304 527,304
OKTA, INC. CMN CLASS A (OKTA) 4980 SHARES 392,424 392,424
PENN ENTERTAINMENT INC CMN (PENN) 25100 SHARES 497,482 497,482
PINTEREST INC CMN CLASS A (PINS) 17630 SHARES 511,270 511,270
ULTRA CLEAN HOLDINGS, INC. CMN (UCTT) 6300 SHARES 226,485 226,485
ALPHABET INC. CMN CLASS C (GOOG) 1621 SHARES 308,703 308,703
ARMSTRONG WORLD INDUSTRIES, INC CMN (AWI) 990 SHARES 139,917 139,917
ASSOCIATED BRITISH FOOD PLC ADR (NEW) (ASBFY) 6677 SHARES 170,838 170,838
BERKSHIRE HATHAWAY INC. CLASS B (BRKB) 569 SHARES 257,916 257,916
BOLLORE CMN NON DTC ELIGIBLE (BOIVF) 137925 SHARES 831,688 831,688
CANADIAN NATURAL RESOURCES CMN (CNQ) 17922 SHARES 553,252 553,252
CHARLES SCHWAB CORPORATION CMN (SCHW) 3952 SHARES 292,488 292,488
CISCO SYSTEMS, INC. CMN (CSCO) 6213 SHARES 367,810 367,810
COCA-COLA COMPANY (THE) CMN (KO) 2336 SHARES 145,439 145,439
COGNIZANT TECHNOLOGY SOLUTIONS CORP CLASS A (CTSH) 4254 SHARES 327,133 327,133
CONOCOPHILLIPS CMN (COP) 1435 SHARES 142,309 142,309
CONTINENTAL AKTIENGESELLSCHAFT ADR (CTTAY) 17215 SHARES 115,547 115,547
DEVON ENERGY CORPORATION (NEW) CMN (DVN) 3642 SHARES 119,203 119,203
DIAMONDBACK ENERGY INC CMN (FANG) 579 SHARES 94,858 94,858
EBAY INC. CMN (EBAY) 2119 SHARES 131,272 131,272
ELEVANCE HEALTH INC CMN (ELV) 219 SHARES 80,789 80,789
EMBECTA CORP. CMN (EMBC) 4376 SHARES 90,364 90,364
EOG RESOURCES INC CMN (EOG) 1433 SHARES 175,657 175,657
FOX CORPORATION CMN CLASS B (FOX) 9224 SHARES 421,906 421,906
GRAFTECH INTERNATIONAL LTD. CMN (EAF) 18908 SHARES 32,711 32,711
INGREDION INC CMN (INGR) 1469 SHARES 202,076 202,076
ISHARES MSCI SOUTH KOREA ETF (EWY) 9826 SHARES 500,045 500,045
JOHNSON & JOHNSON CMN (JNJ) 1743 SHARES 252,073 252,073
KENVUE INC. CMN (KVUE) 5985 SHARES 127,780 127,780
L3HARRIS TECHNOLOGIES INC CMN (LHX) 411 SHARES 86,425 86,425
LOCKHEED MARTIN CORPORATION CMN (LMT) 199 SHARES 96,702 96,702
MASCO CORPORATION CMN (MAS) 2502 SHARES 181,570 181,570
MICROSOFT CORPORATION CMN (MSFT) 740 SHARES 311,910 311,910
NEWS CORPORATION CMN CLASS A (NWSA) 8627 SHARES 237,588 237,588
NORTHROP GRUMMAN CORP CMN (NOC) 199 SHARES 93,389 93,389
OLIN CORPORATION CMN (OLN) 3179 SHARES 107,450 107,450
ORACLE CORPORATION CMN (ORCL) 1238 SHARES 206,300 206,300
PEPSICO, INC. CMN (PEP) 1981 SHARES 301,231 301,231
RELIANCE INC CMN (RS) 474 SHARES 127,629 127,629
STATE STREET CORPORATION (NEW) CMN (STT) 2293 SHARES 225,058 225,058
SYSCO CORPORATION CMN (SYY) 3160 SHARES 241,614 241,614
THE BANK OF NY MELLON CORP CMN (BK) 1983 SHARES 152,354 152,354
THE PROCTER & GAMBLE COMPANY CMN (PG) 1402 SHARES 235,045 235,045
TYSON FOODS INC CL-A CMN CLASS A (TSN) 3938 SHARES 226,199 226,199
U-HAUL HOLDING CO CMN (UHAL) 241 SHARES 16,651 16,651
U-HAUL HOLDING COMPANY CMN (UHALB) 5307 SHARES 339,913 339,913
UNILEVER PLC (NEW) SPONSORED ADR CMN (UL) 2130 SHARES 120,771 120,771
WALT DISNEY COMPANY (THE) CMN (DIS) 1424 SHARES 158,562 158,562
WARNER BROS DISCOVERY INC CMN (WBD) 7461 SHARES 78,863 78,863
WELLS FARGO & COMPANY CMN (WFC) 991 SHARES 69,608 69,608
DARLING INGREDIENTS INC CMN (DAR) 2843 SHARES 95,781 95,781
ABB LTD SPONSORED ADR CMN (ABBNY) 8280 SHARES 448,329 448,329
AIA GROUP LIMITED SPONSORED ADR CMN SERIES (AAGIY) 5480 SHARES 158,871 158,871
AIR LIQUIDE SA ADR CMN (AIQUY) 6437 SHARES 209,190 209,190
AIRBUS S.E. ADR CMN (EADSY) 7138 SHARES 286,013 286,013
AMADEUS IT GROUP SA ADR CMN (AMADY) 5475 SHARES 386,650 386,650
AMERICA MOVIL, S.A.B. DE C.V. ADR CMN (AMX) 4591 SHARES 65,697 65,697
ANHEUSER-BUSCH INBEV SPONSORED ADR CMN (BUD) 3248 SHARES 162,627 162,627
ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) 6363 SHARES 416,904 416,904
BP P.L.C. SPONSORED ADR CMN (BP) 3702 SHARES 109,431 109,431
B&M EUROPEAN VALUE RETAIL S.A. ADR CMN (BMRRY) 2737 SHARES 49,677 49,677
REGSCAT2LIMITSAPPLYTHRU6/18/25 SPONSORED ADR CMN (ONC) 612 SHARES 113,043 113,043
BRITISH AMERICAN TOBACCO PLC SPONS ADR (BTI) 4524 SHARES 164,312 164,312
CANADIAN NATIONAL RAILWAY CO. CMN (CNI) 2582 SHARES 262,099 262,099
CAP GEMINI ADR CMN (CGEMY) 7243 SHARES 237,230 237,230
CARLSBERG A/S SPONSORED ADR CMN (CABGY) 7226 SHARES 138,465 138,465
DBS GROUP HOLDINGS SPONSORED ADR CMN (DBSDY) 2278 SHARES 292,021 292,021
DNB BANK ASA SPONSORED ADR CMN (DNBBY) 10518 SHARES 210,129 210,129
DAIKIN INDUSTRIES, LTD. UNSPONSORED ADR CMN (DKILY) 9626 SHARES 114,290 114,290
DAIICHI SANKYO COMPANY LIMITED SPONSORED ADR CMN (DSNKY) 7113 SHARES 196,973 196,973
DANONE SPONSORED ADR CMN (DANOY) 13657 SHARES 184,178 184,178
DSV A/S UNSPONSORED ADR CMN (DSDVY) 3004 SHARES 318,896 318,896
ENGIE SPONSORED ADR CMN (ENGIY) 15304 SHARES 242,630 242,630
ESSILOR INTERNATIONAL SA ADR CMN (ESLOY) 3166 SHARES 386,195 386,195
FUJITSU LTD ADR (5 COM) ADR CMN (FJTSY) 5957 SHARES 106,112 106,112
GENMAB A/S SPONSORED ADR CMN (GMAB) 4854 SHARES 101,303 101,303
GIVAUDAN SA ADR CMN (GVDNY) 3376 SHARES 295,488 295,488
HERMES INTERNATIONAL UNSPONSORED ADR CMN (HESAY) 852 SHARES 204,857 204,857
HITACHI LTD (ADR 10 COM) ADR CMN (HTHIY) 6563 SHARES 328,819 328,819
HOYA CORP SPONSORED ADR CMN (HOCPY) 749 SHARES 94,435 94,435
INDUSTRIA DE DISENO TEXTIL, S. ADR CMN (IDEXY) 12602 SHARES 323,884 323,884
ITOCHU CORP (ADR) ADR CMN (ITOCY) 4028 SHARES 401,467 401,467
LOREAL CO (ADR) ADR CMN (LRLCY) 3623 SHARES 256,498 256,498
LVMH MOET HENNESSY LOUIS VUITTON S.A. ADR CMN (LVMUY) 2321 SHARES 305,471 305,471
LONDON STOCK EXCHANGE GROUP PL ADR CMN (LNSTY) 14754 SHARES 521,303 521,303
MARUBENI CORP (ADR) GDS CMN (MARUY) 723 SHARES 110,064 110,064
MTU AERO ENGINES HOLDINGS AG UNSPONSORED ADR CMN (MTUAY) 1006 SHARES 167,715 167,715
NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) (NSRGY) 3254 SHARES 268,865 268,865
NETEASE INC SPONSORED ADR CMN (NTES) 604 SHARES 53,883 53,883
NITORI HOLDINGS CO., LTD. ADR CMN (NCLTY) 5213 SHARES 61,811 61,811
NOMURA RESEARCH INSTITUTE, LTD ADR CMN (NRILY) 6468 SHARES 191,744 191,744
NOVO-NORDISK A/S ADR ADR CMN (NVO) 6075 SHARES 522,572 522,572
RECRUIT HOLDINGS CO., LTD. ADR (RCRUY) 16902 SHARES 239,721 239,721
RELX PLC SPONSORED ADR CMN (RELX) 6677 SHARES 303,269 303,269
ROLLS-ROYCE HOLDINGS PLC SPONSORED ADR CMN (RYCEY) 46958 SHARES 334,388 334,388
KONINKLIJKE KPN N.V. SPONSORED ADR CMN (KKPNY) 26908 SHARES 97,945 97,945
SAFRAN SA SPONSORED ADR CMN (SAFRY) 12059 SHARES 662,124 662,124
SAP SE (SPON ADR) (SAP) 3657 SHARES 900,390 900,390
SHIN-ETSU CHEMICAL CO., LTD. UNSPONSORED ADR CMN (SHECY) 11310 SHARES 190,562 190,562
SHOPIFY INC. CMN CLASS A (SHOP) 1037 SHARES 110,264 110,264
SIKA AG ADR CMN (SXYAY) 11724 SHARES 279,172 279,172
TDK CORPORATION (ADR) ADR (TTDKY) 15110 SHARES 199,256 199,256
TFI INTERNATIONAL INC CMN (TFII) 1340 SHARES 181,021 181,021
TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS (TSM) 2453 SHARES 484,443 484,443
TENCENT HOLDINGS LIMITED UNSPONSORED (TCEHY) 3973 SHARES 213,279 213,279
TOKYO ELECTRON LIMITED UNSPONSORED ADR CMN (TOELY) 2146 SHARES 165,122 165,122
TOTALENERGIES SE SPONSORED ADR CMN (TTE) 6989 SHARES 380,901 380,901
UNICHARM CORPORATION SPONSORED ADR CMN (UNICY) 19926 SHARES 80,302 80,302
KEYENCE CORPORATION CMN NON - DTC ELIGIBLE (KYCCF) 731 SHARES 296,238 296,238
SMC CORPORATION CMN NON DTC ELIGIBLE (SMECF) 491 SHARES 189,035 189,035
ASML HOLDING N.V. ADR CMN (ASML) 622 SHARES 431,096 431,096
ASHTEAD GROUP PUBLIC LIMITED C ADR CMN (ASHTY) 382 SHARES 95,013 95,013
BAE SYSTEMS PLC SPONSORED ADR CMN (BAESY) 1943 SHARES 111,791 111,791
BHP GROUP LTD SPONSORED ADR CMN (BHP) 1607 SHARES 78,470 78,470
CENOVUS ENERGY INC. CMN (CVE) 3998 SHARES 60,570 60,570
CHUGAI PHARMACEUTICAL CO., LTD UNSPONSORED ADR CMN (CHGCY) 4038 SHARES 89,914 89,914
EVOLUTION AB ADR CMN (EVVTY) 1737 SHARES 134,065 134,065
HALMA PUBLIC LIMITED COMPANY ADR CMN (HALMY) 2954 SHARES 198,964 198,964
HONG KONG EXCHANGES AND CLEARI UNSPONSORED ADR CMN (HKXCY) 4967 SHARES 188,503 188,503
IMPERIAL BRANDS PLC SPONSORED ADR CMN (IMBBY) 5416 SHARES 173,171 173,171
NATIONAL GRID PLC SPONSORED ADR CMN (NGG) 1954 SHARES 116,107 116,107
NATWEST GROUP PLC SPONSORED ADR CMN (NWG) 23277 SHARES 236,727 236,727
NINTENDO CO LTD (NEW) ADR ADR CMN (NTDOY) 10043 SHARES 148,004 148,004
ROCHE HOLDING AG ADR B SHS(NOM CHF 100) VAL 224.184 (RHHBY) 1606 SHARES 56,597 56,597
TERUMO CORPORATION ADR CMN (TRUMY) 5748 SHARES 111,988 111,988
UNICREDIT, SOCIETA' PER AZIONI ADR (UNCRY) 5154 SHARES 102,802 102,802
VOLVO AB ADR CMN (VLVLY) 3352 SHARES 81,484 81,484
DEUTSCHE BANK AG CMN (DB) 11293 SHARES 192,546 192,546
SPOTIFY TECHNOLOGY S.A. CMN (SPOT) 125 SHARES 55,923 55,923
FERRARI N.V. CMN (RACE) 371 SHARES 157,616 157,616
AGREE REALTY CORPORATION CMN (ADC) 1370 SHARES 96,517 96,517
ALLEGRO MICROSYSTEMS INC CMN (ALGM) 2900 SHARES 63,394 63,394
AMERIS BANCORP CMN (ABCB) 2340 SHARES 146,414 146,414
APPFOLIO, INC. CMN CLASS A (APPF) 535 SHARES 131,995 131,995
ARCUTIS BIOTHERAPEUTICS INC CMN (ARQT) 4352 SHARES 60,623 60,623
ATRICURE, INC CMN (ATRC) 2845 SHARES 86,943 86,943
AVIENT COR CMN (AVNT) 3183 SHARES 130,057 130,057
BALCHEM CORPORATION CMN (BCPC) 770 SHARES 125,506 125,506
BIOCRYST PHARMACEUTICALS INC CMN (BCRX) 8150 SHARES 61,288 61,288
BOOT BARN HOLDINGS, INC. CMN (BOOT) 785 SHARES 119,179 119,179
AZENTA INC CMN (AZTA) 1225 SHARES 61,250 61,250
CBIZ, INC. CMN (CBZ) 1782 SHARES 145,821 145,821
CATHAY GENERAL BANCORP CMN (CATY) 2239 SHARES 106,599 106,599
CENTRAL GARDEN & PET COMPANY (CENTA) 4110 SHARES 135,836 135,836
CHAMPIONX CORPORATION CMN (CHX) 2225 SHARES 60,498 60,498
CHART INDUSTRIES, INC. CMN (GTLS) 595 SHARES 113,550 113,550
COHEN & STEERS, INC. CMN (CNS) 1110 SHARES 102,497 102,497
ARTIVION INC CMN (AORT) 3161 SHARES 90,373 90,373
DESCARTES SYSTEMS GRP (THE) CMN (DSGX) 1452 SHARES 164,947 164,947
DUCOMMUN INCORPORATED CMN (DCO) 1186 SHARES 75,501 75,501
ENDAVA PLC ADR CMN (DAVA) 2387 SHARES 73,758 73,758
FLYWIRE CORPORATION CMN (FLYW) 6400 SHARES 131,968 131,968
FIRST WATCH RESTAURANT GROUP, CMN (FWRG) 5775 SHARES 107,473 107,473
GLACIER BANCORP INC (NEW) CMN (GBCI) 1305 SHARES 65,537 65,537
GLOBUS MEDICAL INC CMN CLASS A (GMED) 1999 SHARES 165,337 165,337
GRAND CANYON EDUCATION, INC. CMN (LOPE) 770 SHARES 126,126 126,126
HALOZYME THERAPEUTICS, INC. CMN (HALO) 2000 SHARES 95,620 95,620
HEALTHEQUITY, INC. CMN (HQY) 1455 SHARES 139,607 139,607
HORACE MANN EDUCATORS CORP CMN (HMN) 3138 SHARES 123,104 123,104
HOULIHAN LOKEY, INC. CMN (HLI) 909 SHARES 157,857 157,857
ICF INTERNATIONAL, INC. CMN (ICFI) 722 SHARES 86,070 86,070
ICU MEDICAL INC CMN (ICUI) 283 SHARES 43,913 43,913
ITT INC. CMN (ITT) 775 SHARES 110,732 110,732
IDACORP, INC. CMN (IDA) 888 SHARES 97,041 97,041
INDEPENDENT BANK CORP. CMN (INDB) 1252 SHARES 80,366 80,366
INSMED INC CMN (INSM) 1650 SHARES 113,916 113,916
INTAPP, INC. CMN (INTA) 3825 SHARES 245,144 245,144
MACOM TECHNOLOGY SOLUTIONS CMN (MTSI) 1655 SHARES 215,001 215,001
MAGNOLIA OIL & GAS CORP CMN CLASS A (MGY) 5750 SHARES 134,435 134,435
MATADOR RES CO CMN (MTDR) 2550 SHARES 143,463 143,463
MEDPACE HOLDINGS, INC. CMN (MEDP) 378 SHARES 125,583 125,583
MINERALS TECHNOLOGIES INC. CMN (MTX) 1370 SHARES 104,408 104,408
NATIONAL HEALTH INVESTORS, INC CMN (NHI) 1170 SHARES 81,081 81,081
NORTHWESTERN CORPORATION CMN (NWE) 2327 SHARES 124,401 124,401
NOVANTA INC. CMN (NOVT) 958 SHARES 146,354 146,354
OCEANFIRST FINANCIAL CORP CMN (OCFC) 4779 SHARES 86,500 86,500
OXFORD IND INC CMN (OXM) 1055 SHARES 83,113 83,113
PACIFIC PREMIER BANCORP, INC CMN (PPBI) 3749 SHARES 93,425 93,425
PATRICK INDUSTRIES, INC. CMN (PATK) 1341 SHARES 111,410 111,410
PHREESIA INC CMN (PHR) 3965 SHARES 99,759 99,759
PRIMORIS SERVICES CORPORATION CMN (PRIM) 1955 SHARES 149,362 149,362
RBC BEARINGS INCORPORATED CMN (RBC) 609 SHARES 182,176 182,176
REVOLVE GROUP INC CMN CLASS A (RVLV) 1670 SHARES 55,928 55,928
RYMAN HOSPITALITY PPTYS INC CMN (RHP) 1040 SHARES 108,514 108,514
SPX TECHNOLOGIES INC CMN (SPXC) 1233 SHARES 179,426 179,426
SEACOAST BANKING CORPORATION O CMN (SBCF) 3650 SHARES 100,485 100,485
SILICON LABORATORIES INC. CMN (SLAB) 695 SHARES 86,333 86,333
SILGAN HOLDINGS INC CMN (SLGN) 2837 SHARES 147,666 147,666
CHAMPION HOMES INC CMN (SKY) 1707 SHARES 150,387 150,387
STAG INDUSTRIAL, INC. CMN (STAG) 4240 SHARES 143,397 143,397
STIFEL FINANCIAL CORP CMN (SF) 1397 SHARES 148,194 148,194
SUPERNUS PHARMACEUTICALS, INC. CMN (SUPN) 3216 SHARES 116,291 116,291
TRI POINTE HOMES INC CMN (TPH) 2950 SHARES 106,967 106,967
TEXAS ROADHOUSE, INC. CMN (TXRH) 825 SHARES 148,855 148,855
UMB FINANCIAL CORP CMN (UMBF) 1125 SHARES 126,968 126,968
UFP INDUSTRIES, INC. CMN (UFPI) 1290 SHARES 145,319 145,319
U.S. PHYSICAL THERAPY, INC. CMN (USPH) 860 SHARES 76,291 76,291
UTZ BRANDS INC CMN (UTZ) 4631 SHARES 72,521 72,521
VERACYTE, INC. CMN (VCYT) 3032 SHARES 120,067 120,067
VIAVI SOLUTIONS, INC. CMN (VIAV) 9850 SHARES 99,485 99,485
VITA COCO COMPANY, INC. (THE) CMN (COCO) 2336 SHARES 86,222 86,222
ADVANCED ENERGY INDUSTRIES INC CMN (AEIS) 850 SHARES 98,286 98,286
AGIOS PHARMACEUTICALS, INC. CMN (AGIO) 1325 SHARES 43,540 43,540
ASBURY AUTOMOTIVE GROUP, INC. CMN (ABG) 420 SHARES 102,073 102,073
BALDWIN INSURANCE GROUP INC/TH CMN CLASS A (BWIN) 2295 SHARES 88,954 88,954
CADRE HOLDINGS, INC. CMN (CDRE) 2318 SHARES 74,871 74,871
CRINETICS PHARMACEUTICALS, INC CMN (CRNX) 1075 SHARES 54,965 54,965
ENERPAC TOOL GROUP CORP CMN (EPAC) 1506 SHARES 61,882 61,882
HILLMAN SOLUTIONS CORP CMN (HLMN) 8522 SHARES 83,004 83,004
INDEPENDENCE REALTY TRUST, INC CMN (IRT) 4650 SHARES 92,256 92,256
LA Z BOY CHAIR CO CMN (LZB) 1586 SHARES 69,102 69,102
CHORD ENERGY CMN (CHRD) 860 SHARES 100,551 100,551
PERELLA WEINBERG PARTNERS CMN (PWP) 3374 SHARES 80,436 80,436
SCHNEIDER NATIONAL, INC. CMN (SNDR) 1973 SHARES 57,769 57,769
SPRINGWORKS THERAPEUTICS, INC. CMN (SWTX) 1669 SHARES 60,301 60,301
STERLING INFRASTRUCTURE INC CMN (STRL) 775 SHARES 130,548 130,548
TANDEM DIABETES CARE, INC. CMN (TNDM) 2950 SHARES 106,259 106,259
TEXAS CAPITAL BANCSHARES, INC. CMN (TCBI) 925 SHARES 72,335 72,335
THERMON GROUP HOLDINGS, INC. CMN (THR) 2202 SHARES 63,352 63,352
GATES INDUSTRIAL CORPORATION P CMN (GTES) 3750 SHARES 77,138 77,138

TY 2024 InvestmentsGovtObligationsSch
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
US Government Securities - End of Year Book Value:

17,643,856
US Government Securities - End of Year Fair Market Value:

17,643,856
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:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ISHARES S&P 500 INDEX FUND CLASS G (BSPGX) 218537.358 SHARES FMV 150,371,187 150,371,187
ISHARES MSCI EAFE INTERNATIONAL INDEX FUND CLASS G (BTMGX) 1257668.102 SHARE FMV 19,192,016 19,192,016
GS HIGH YIELD FUND CLASS P (GGMPX) 1482612.276 SHARES FMV 8,332,281 8,332,281
GS ENHANCED INCOME FUND CLASS P (GAEPX) 2308739.63 SHARES FMV 22,025,376 22,025,376
VFIDX INTER-TERM INVEST-GR ADM 0571-10007953920 FMV 11,658,924 11,658,924
VIIGX IT TREASURY INDEX INSTITL 1643-10007953920 FMV 11,435,003 11,435,003
VWETX LONG-TERM INVEST-GR ADM 0568-10007953920 FMV 3,477,230 3,477,230
VLGSX LT TREASURY INDEX ADMIRAL 1944-10007953920 FMV 2,707,970 2,707,970
VFSIX SHORT-TERM INVEST-GR INST 0858-10007953920 FMV 10,769,416 10,769,416
VSBIX ST TREASURY INDEX INSTL 1642-10007953920 FMV 6,490,057 6,490,057
VTSNX TOT INTL STOCK IX INST 1869-10007874779 FMV 68,633,653 68,633,653
VSMPX TOT STK MKT IDX INST PLUS 1871-XXXXXXX4779 FMV 142,144,789 142,144,789

TY 2024 LandEtcSchedule2
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 715,195 245,105 470,090 470,090
FURNITURE AND FIXTURES 288,369 125,961 162,408 162,408
OFFICE EQUIPMENT 66,797 44,642 22,155 22,155


TY 2024 LegalFeesSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 127,120 107,246   19,874


TY 2024 OtherAssetsSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SCHARBAUER MINERALS LP 851,914 851,914 99,565,000


TY 2024 OtherExpensesSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS 47,410 1,474   45,936
INSURANCE 46,648 8,330   38,318
IT AND COMPUTER 21,022 3,754   17,268
OFFICE EXPENSES 33,274 5,457   27,817
BANK AND PAYROLL PROCESSING FEES 8,451 1,509   6,942
ROYALTY DEDUCTIONS THROUGH SCHARBAUER MINERALS, LP 0 7,248,942   0


TY 2024 OtherIncomeSchedule2
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME THROUGH SCHARBAUER MINERALS, LP 71,589,065 452,148 71,589,065
ROYALTY INCOME FROM PARTNERSHIP 0 75,213,422 0
FIXED ASSET ADJUSTMENTS 464   464


TY 2024 OtherIncreasesSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Description Amount
UNREALIZED GAIN ON INVESTMENTS 54,141,127


TY 2024 OtherProfessionalFeesSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 965,611 965,611   0
PROGRAM CONSULTING 198,602 0   198,602
EXECUTIVE COACHING AND CONSULTING 39,901 7,125   32,776
AERIAL PHOTOGRAPHY AND VIDEO 1,750 0   1,750
EXECUTIVE SEARCH 23,125 4,129   18,996
WEBSITE CONSULTING 1,185 212   973
OTHER INVESTMENT RELATED CONSULTING 3,873 3,873   0


TY 2024 TaxesSchedule
Name:
SCHARBAUER FOUNDATION INC
EIN:
26-2527362
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 1,305,000 0   0
FOREIGN TAXES WITHHELD 73,277 73,277   0