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
Robert Glenn Rapp Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)5400 N Grand Blvd 545
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Oklahoma City, OK73112
A Employer identification number

73-0616840
B Telephone number (see instructions)

(405) 525-8331
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$45,663,760J 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 404,566 404,566 404,566
4 Dividends and interest from securities... 598,612 598,612 598,612
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,481,861
b Gross sales price for all assets on line 6a 9,503,820
7 Capital gain net income (from Part IV, line 2)... 1,481,861
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
1,257,448 1,257,448 1,257,448
12 Total. Add lines 1 through 11........ 3,742,487 3,742,487 2,260,626
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 219,000 30,900   188,100
14 Other employee salaries and wages...... 77,552 45,963   31,589
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,641 9,577   1,064
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
124,182 121,765   2,417
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,016 1,016  
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
217,038 211,326   5,712
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 649,429 420,547   228,882
25 Contributions, gifts, grants paid....... 1,871,000 1,971,000
26 Total expenses and disbursements. Add lines 24 and 25 2,520,429 420,547   2,199,882
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,222,058
b Net investment income (if negative, enter -0-) 3,321,940
c Adjusted net income (if negative, enter -0-)... 2,260,626
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............. 1,588,893 2,027,974 2,027,974
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow232,300
Less: allowance for doubtful accounts right arrow   225,990 232,300 232,302
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.......... 84,378 55,191 56,400
10a Investments—U.S. and state government obligations (attach schedule) 15,773,941 10,175,594 17,027,119
b Investments—corporate stock (attach schedule)....... 14,715,655 20,990,112 19,709,030
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow20,984
Less: accumulated depreciation (attach schedule) right arrow18,644 4,687 Click to see attachment
List of Attached Documents:
// Content
2,340 		2,340
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,837 		Click to see attachment
List of Attached Documents:
// Content
1,837 		Click to see attachment
List of Attached Documents:
// Content
6,608,595
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,395,381 33,485,348 45,663,760
Liabilities 17 Accounts payable and accrued expenses.......... 12,342 12,053
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
100,003 		 
23 Total liabilities (add lines 17 through 22)......... 112,345 12,053
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 842,663 842,663
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 31,440,373 32,630,632
29 Total net assets or fund balances (see instructions)..... 32,283,036 33,473,295
30 Total liabilities and net assets/fund balances (see instructions). 32,395,381 33,485,348
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
32,283,036
2
Enter amount from Part I, line 27a .....................
2
1,222,058
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
33,505,094
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
31,799
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
33,473,295
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,481,861
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 46,175
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 46,175
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 46,175
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 53,982
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 53,982
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  
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 7,807
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,807 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 arrowOK
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.rappok.org
14
The books are in care ofright arrowRobert Glenn Rapp Foundation Telephone no.right arrow (405) 525-8331

Located atright arrow5400 N Grand Blvd Ste 545Oklahoma CityOK ZIP+4right arrow73112
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
James H Milligan Trustee
0.00 		0    
1304 Lincoln Park Circle
Glenbrook,NV89413
Lois D Milligan Trustee
5.00 		18,000    
1304 Lincoln Park Circle
Glenbrook,NV89413
Jilene K Boghetich Trustee
5.00 		18,000    
6921 Avondale Drive
Oklahoma City,OK73116
Michael J Milligan Trustee
10.00 		18,000    
3328 NW 19th
Oklahoma City,OK73107
Merry L Knowles Trustee
5.00 		12,000    
7433 NW 116th
Oklahoma City,OK73162
Tony Boghetich Trustee
5.00 		18,000    
6921 Avondale Drive
Oklahoma City,OK73116
Patricia F Milligan Trustee
5.00 		6,000    
3328 NW 19th
Oklahoma City,OK73107
Patricia A Daniel Trustee
5.00 		18,000    
5174 Renaissance Avenue
San Diego,CA92122
Trevor Daniel Trustee
5.00 		18,000    
5174 Renaissance Avenue
San Diego,CA92122
Margie S John Trustee
5.00 		18,000    
PO Box 11635
Zephyr Cove,NV89448
Richard J John Trustee
5.00 		18,000    
PO Box 11635
Zephyr Cove,NV89448
Cory N Knowles Trustee
5.00 		18,000    
5400 N Grand Blvd Suite 545
Oklahoma City,OK73112
April Boghetich Rutledge Trustee
5.00 		18,000    
5400 N Grand Blvd suite 545
Oklahoma City,OK73112
Elizabeth Watts Trustee
5.00 		13,500    
470 TUMBLEWEED ROAD
YUKOM,OK73099
Travis Boghetich Trustee
5.00 		7,500    
3121 PURDUE DRIVE
DALLAS,TX73225
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 N/A 0
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
36,944,803
b
Average of monthly cash balances.......................
1b
1,818,339
c
Fair market value of all other assets (see instructions)................
1c
6,582,119
d
Total (add lines 1a, b, and c).........................
1d
45,345,261
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
45,345,261
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
680,179
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
44,665,082
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,233,254
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
2,233,254
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
46,175
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
46,175
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,187,079
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,187,079
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
2,187,079
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
2,199,882
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
2,199,882
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 2,187,079
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 2,171,010
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......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,199,882
a Applied to 2023, but not more than line 2a 2,171,010
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..... 28,872
e Remaining amount distributed out of corpus  
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  
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 .......... 		2,158,207
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 ...... 		 
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:
Robert Glenn Rapp Foundation
5400 N Grand Blvd Ste 545
Oklahoma City,OK73112
(405) 525-8331
bThe form in which applications should be submitted and information and materials they should include:
The foundation has a website and in order to apply for a grant the Charitable Organization must submit a "Letter of Inquiry". The Letter of Inquiry is available on the Rapp Foundation website (www.rappok.org) and must be submitted from April 1 through May 31st of each year. Late Inquiries will not be allowed.
cAny submission deadlines:
Letter of Inquiry per website from April 1 through May 31.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Educational, Scientific, Religious, or Literacy purpose is required. A 501(c)(3)letter is required.
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
Bishop McGuinness High School


801 NW 50th Street
Oklahoma City,OK73118 		none 501(c)(3) Capital campaign 4,000
Britvil Community Food Pantry


8717 N Western
Oklahoma City,OK73114 		none 501(c)(3) Provide milk to families 10,000
Center of Family Love


PO Box 245
Okarche,OK73762 		none 501(c)(3) Monitoring and communications systems 27,000
Communities Foundation of Oklahoma


801 NW 63rd Street Suite 200
Oklahoma City,OK73116 		501(c)(3) 501(c)(3) Scholarships for kids for communications 13,500
First Serve OKC Foundation


3400 N Portland
Oklahoma City,OK73112 		none 501(c)(3) Installation of a retractable wall 5,000
Focus on Home


6608 N Western Avenue Suite 202
Oklahoma City,OK73116 		none 501(c)(3) Provide furniture for families 15,000
Foundation for OKC Community Colleg


7777 S May Avenue
Oklahoma City,OK73159 		none 501(c)(3) Scholarships 5,000
Gospel of Life Association


4113 South Eastern Avenue
Moore,OK73160 		NONE 501(c)(3) Renovations to end-of-life dwelling facility 14,000
Heritage Hall School


1800 NW 122ND ST
Oklahoma City,OK73120 		NONE 501(c)(3) ENDOWMENTS & NEW CONSTRUCTION 126,700
Junior Achievement


211 N Robinson
Oklahoma City,OK73118 		none 501(c)(3) Support K-12 curriculum and construct Finance Park 20,000
KCSC Classical Radio Station


100 N University Drive
Edmond,OK73108 		none 501(c)(3) Technical enhancements and security upgrades 45,000
Moonlight Cultural Foundation


138 Civic Center Drive
Vista,CA92084 		NONE 501(c)(3) Purchase a Youth Theatre Studio Dance Floor 56,000
Oklahoma Medical Research Foundatio


825 NE 13th
Oklahoma City,OK73104 		none 501(c)(3) Renovations and equipment upgrades to the Reynolds Center 105,000
Southern Methodist University


6425 Boaz Lane
Dallas,TX75205 		none 501(c)(3) Cox School of Business Renovation and Expansion 101,000
Home Integration


14106C Acme Road
Shawnee,OK74804 		none 501(c)(3) Construct camp 50,000
Myriad Gardens Foundation


301 West Reno
Oklahoma City,OK73102 		NONE 501(c)(3) Capital campaign 126,500
Oklahoma Arts Institute


111 NW 9th Street
Oklahoma City,OK73102 		none 501(c)(3) SUMMER ARTS PROGRAM 5,000
Oklahoma Project Woman


1905 NW 56th Street
Oklahoma City,OK73118 		none 501(c)(3) Free breast care for uninsured women 10,000
Positive Tomorrows


901 N Villa
Oklahoma City,OK73146 		none 501(c)(3) Trauma-informed education 15,000
Youth and Family Services


7565 E Highway 66
El Reno,OK73036 		NONE 501(c)(3) Recruitment and training of foster families 25,000
Catholic Charities


1232 N CLASSEN BLVD
OKLAHOMA CITY,OK73106 		NONE 501(c)(3) CONSTRUCTION OF WOMEN'S DAY SHELTER 201,500
San Diego Symphony Orchestra


1245 Seventh Avenue
San Diego,CA92101 		none 501(c)(3) Purchase image projection equipment for Rady Shell 104,000
Oklahoma Zoological Society


2101 NE 50th
Oklahoma City,OK73111 		none 501(c)(3) Capital campaign for Oklahoma trails 50,000
Dress for Success


133 W Main Street Suite 102
Oklahoma City,OK73102 		none 501(c)(3) General support 10,000
Ballet Oklahoma Inc


6800 North Classen Blvd
Oklahoma City,OK73116 		none 501(c)(3) Scholarships 12,500
Oklahoma Philharmonic Society Inc


424 Colcord Dr Suite B
Oklahoma City,OK73102 		none 501(c)(3) Support of the Classic Series Concerts 25,000
Mercy Health Foundation


13321 N Meridian Avenue
Oklahoma City,OK73120 		none 501(c)(3) Capital campaign 50,000
Oklahoma University


660 Parrington Oval
Norman,OK73019 		none 501(c)(3) Endowment for microbiology 200,000
Parish Episcopal School


4101 Sigma Road
Dallas,TX75244 		none 501(c)(3) Playground facility 25,000
St Anthony Hospital Foundation


1000 N Lee
Oklahoma City,OK73102 		none 501(c)(3) Relocate and expand the Family Medicine Clinic 51,000
Mayflower Congregational Church


3901 Northwest 63rd
Oklahoma City,OK73116 		none 501(c)93) General support 52,000
St Jude Children's Research Hospita


501 St Jude Place
Memphis,TN38105 		none 501(c)(3) General support 2,500
South Reno Baptist Church


6780 S McCarran Boulevard
Reno,NV89509 		none 501(c)(3) General support 5,500
CALM WATERS


501 N WALKER
OKLAHOMA CITY,OK73102 		NONE 501(c)(3) GRIEF SUPPORT CHILDREN 15,000
Cistercian Prep School


3660 CISTERCIAN ROAD
IRVING,TX75039 		NONE 501(c)(3) Theatre construction 105,000
The Come Up


401 NE 46TH STREET
OKLAHOMA CITY,OK73105 		NONE 501(c)(3) Martial Arts-Bldg Lifesty 5,000
Foster Sweet Dreams Inc


1073 BRYANT AVE STE 150
EDMOND,OK73034 		NONE 501(c)(30 TRUSTEES' DESCRETIONARY 5,000

Girl Scouts Western OK

6100 N ROBINSON AVE
OKLAHOMA CITY,OK73118 		NONE 501(c)(3) Camp Trivera Shade Struc 25,000
OKLA CITY UNIV


2501 N BLACKWELDER AVE
OKLAHOMA CITY,OK73106 		NONE 501(c)(3) KIRKPATRICK THEATER RENOV 75,000
OKLA YOUTH ORCHESTRA


2501 N BLACKWELDER AVE
OKLAHOMA CITY,OK73106 		NONE 501(c)(3) TUITION ASSIST & SCHOLAR 10,000
PIEDMONT EARLY CHILDHOOD CENTER


11020 W MEMORIAL RD
YUKON,OK73078 		NONE 501(c)(3) PLAYGROUND FACILITY 100,000
STFRANCIS ASSISI CATHOLIC CHURCH


1901 NW 18TH ST
OKLAHOMA CITY,OK73106 		NONE 501(c)(3) DEBT RETIREMENT 55,000
AMERICAN HEART ASSOC


3401 NW 63RD ST STE 510
OKLAHOMA CITY,OK73120 		NONE 501(c)(3) GENERAL SUPPORT-TTEE DESC 5,000
WILLOW PREGNANCY SUPPORT


4701 WESTERN AVE
OKLAHOMA CITY,OK73109 		NONE 501(c)(3) GENERAL SUPPORT-TTEE DESC 1,000
DEER CREEK PARENT TEACHERS


4704 NW 164TH ST
EDMOND,OK73013 		NONE 501(c)(3) GENERAL SUPPORT-TTEE DESC 500
OKC ROBOTICS SUPPORTERS


8109 NW NW 83RD TER
OKLAHOMA CITY,OK73132 		NONE 501(c)(3) GENERAL SUPPORT-TTEE DESC 1,000
OKLA NON-PROFIT PRTNRS


6608 N WESTERN AVE STE 253
OKLAHOMA CITY,OK73116 		NONE 501(c)(3) GENERAL SUPPORT-TTEE DESC 800
Total .................................right arrow 3a 1,971,000
bApproved for future payment
Catholic Charities

1232 N Classen Blvd
Oklahoma City,OK73106 		none 501(c)(3) Capital campaign for Women's Sactuary 100,000
Heritage Hall School

1800 NW 122nd Street
Oklahoma City,OK73120 		none 501(c)(3) Capital campaign 50,000
Home Integration

14106C Acme Road
Shawnee,OK74804 		none 501(c)(3) Capital campaign to constuct a camp 50,000
San Diego Symphony Orchestra

1245 Seventh Avenue
San Diego,CA92101 		none 501(c)(3) Purchase image projection equipment for Rady Shell 140,000
CENTER OF FAMILY LOVE

635 W TEXAS AVE
OKARCHE,OK73762 		NONE 501(c)(3) CAREER TRNG & DEV CENTER 75,000
OKLA MED RESEARCH

825 NE 13th
Oklahoma City,OK73104 		NONE 501(c)(3) ADVANCED HUMAN IMAGING 400,000
OKLA ZOOLOGICAL SOCIETY

2101 NE 50th
OKLA CITY,OK73111 		NONE 501(c)(3) SHORE TO SEA EXH 50,000
ST FRANCIS ASSISI CATHOLIC CHURCH

1901 NW 18TH ST
OKLAHOMA CITY,OK73106 		NONE 501(c)(3) DEBT RETIREMENT 200,000
Total ................................. right arrow 3b 1,065,000
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 ........... 		    14 404,566  
4 Dividends and interest from securities ....     14 598,612  
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 1,257,448  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,481,861  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   3,742,487  
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,742,487
(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: 24020490
Software Version: 2024v5.2


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING & TAX PREP 10,641 9,577 0 1,064

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

TY 2024 DepreciationSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
OFF FURNITURE 2020-05-21 2,479 1,239 SL 14.29 % 354 354    
CONF RM FURN & FIXTURES 2021-03-01 2,664 1,896 SL 20.00 % 533 533    
DELL COMPUTER 2024-09-17 1,287   SL 10.00 % 129 129    

TY 2024 GeneralExplanationAttachment
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Identifier Return Reference Explanation
  990PF, PART I, LINE 13(d) TRUSTEE COMPENSATION ALLOCATION TO CHARITABLE ACTIVITIES.

TY 2024 InvestmentsLandSchedule2
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Furniture and Fixtures 20,984 18,644 2,340  
Machinery and Equipment       2,340

TY 2024 OtherAssetsSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Accum Depletion -359,944 -359,944  
Non-producing acreage     1,835
Non-producing Oil & Gas 1,835 1,835  
Non-pruducing Lease Bonuses - multiple 3     358,266
Oil & Gas Prod Roy 10%NPV, 5% Decline     6,248,494
Oil & Gas Prod Roy Int 359,946 359,946  


TY 2024 OtherDecreasesSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Description Amount
PRIOR YEAR DEPR 2,612
prior Year tax Adjustment 2023 29,187


TY 2024 OtherExpensesSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 50% CHARITABLE 36 18   18
Dues & Subscriptions 10% Charitable 10,654 9,589   1,065
Insurance 50% CHARITABLE 3,302 1,651   1,651
Office expense - 10% CHARITABLE 1,110 999   111
Portfolio manager fees 169,919 169,919    
Rental Expenses 23,665 21,298   2,367
ROYALTY TRANS EXP 7,352 7,352    
TRAVEL -50% CHARITABLE 1,000 500   500


TY 2024 OtherIncomeSchedule2
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Investment Income 1,257,448 1,257,448 1,257,448


TY 2024 TaxesSchedule
Name:
Robert Glenn Rapp Foundation
EIN:
73-0616840
Software ID:
24020490
Software Version:
2024v5.2
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign income taxes on investments 102 102    
Gross production taxes 55,984 55,984    
Payroll taxes 5,933 3,516   2,417
Texas ad valorem taxes 62,163 62,163