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
The Terry Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3336 Richmond Ave 450
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

31-1551093
B Telephone number (see instructions)

(713) 552-0002
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$491,942,070J 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) 661,527
2 Check right arrow.............
3 Interest on savings and temporary cash investments 2,178,315 2,178,315  
4 Dividends and interest from securities... 6,840,801 6,840,801  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
16,579,518
b Gross sales price for all assets on line 6a 154,875,325
7 Capital gain net income (from Part IV, line 2)... 16,578,929
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
4,143,242 4,138,719  
12 Total. Add lines 1 through 11........ 30,403,403 29,736,764  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,044,015 402,306   641,709
14 Other employee salaries and wages...... 1,074,808 11,227   1,063,582
15 Pension plans, employee benefits....... 633,612 84,001   549,611
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
27,060 13,530   13,530
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
47,767 16,122   27,645
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,507,193 1,134,437   372,756
17 Interest............... 8 8   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
320,877 7,877   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
6,433 2,626  
20 Occupancy.............. 169,899 31,669   138,230
21 Travel, conferences, and meetings....... 76,204 11,020   65,184
22 Printing and publications.......... 33,545 987   32,558
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
983,278 43,238   940,040
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 5,924,699 1,759,048   3,844,845
25 Contributions, gifts, grants paid....... 22,463,345 22,463,345
26 Total expenses and disbursements. Add lines 24 and 25 28,388,044 1,759,048   26,308,190
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,015,359
b Net investment income (if negative, enter -0-) 27,977,716
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............. 68,822 13,498 13,498
2 Savings and temporary cash investments......... 8,609,479 24,311,369 24,896,945
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) 40,097,198 Click to see attachment
List of Attached Documents:
// Content
14,013,261 		13,694,130
b Investments—corporate stock (attach schedule)....... 169,773,550 Click to see attachment
List of Attached Documents:
// Content
181,143,830 		211,625,423
c Investments—corporate bonds (attach schedule)....... 35,119,805 Click to see attachment
List of Attached Documents:
// Content
35,230,285 		45,708,365
11 Investments—land, buildings, and equipment: basis right arrow87,874
Less: accumulated depreciation (attach schedule) right arrow87,874 2,626    
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 177,328,921 Click to see attachment
List of Attached Documents:
// Content
178,313,438 		195,974,264
14 Land, buildings, and equipment: basis right arrow213,796
Less: accumulated depreciation (attach schedule) right arrow201,898 15,705 Click to see attachment
List of Attached Documents:
// Content
11,898 		11,898
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,547 		Click to see attachment
List of Attached Documents:
// Content
17,547 		Click to see attachment
List of Attached Documents:
// Content
17,547
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 431,033,653 433,055,126 491,942,070
Liabilities 17 Accounts payable and accrued expenses.......... 27,736  
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
50,380 		Click to see attachment
List of Attached Documents:
// Content
84,230
23 Total liabilities (add lines 17 through 22)......... 78,116 84,230
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........... 430,955,537 432,970,896
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)..... 430,955,537 432,970,896
30 Total liabilities and net assets/fund balances (see instructions). 431,033,653 433,055,126
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
430,955,537
2
Enter amount from Part I, line 27a .....................
2
2,015,359
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
432,970,896
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
432,970,896
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 Publicly traded securities      
b Capital gain distributions P    
c Class action proceeds P    
d Distributions in excess of basis P    
e From Sch K-1 (Form 1065) P    
Capital Royalty Partners II - Parallel Fund (A) Holdings L.P. P 2010-01-01 2024-09-30
GS 2Y SPX Lev Buff 0.000% 10/31/24 P 2010-01-01 2024-10-31
Kayne Anderson Mezzanine Partners (QP), L.P. P 2009-10-01 2024-09-30
Kayne Anderson Real Estate Partners III, L.P. P 2013-06-01 2024-09-30
Kayne Anderson Renewable Energy Transition Fund LP P 2010-01-01 2024-03-30
Kayne Anderson Renewable Infrastructure Partners, L.P. P 2010-01-01 2024-03-30
Parallel Investment Opportunities Partners II LP P 2010-01-01 2024-09-30
(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 147,141,498   131,983,823 15,157,675
b 52,404     52,404
c 3,093     3,093
d 3,977     3,977
e 1,689,767     1,689,767
    240,114 -240,114
1,285,000   1,000,000 285,000
21,158   106,874 -85,716
140,545   478,200 -337,655
858,364   858,364 0
3,628,432   3,628,432 0
50,498     50,498
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       15,157,675
b       52,404
c       3,093
d       3,977
e       1,689,767
      -240,114
      285,000
      -85,716
      -337,655
      0
      0
      50,498
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 16,578,929
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) 1 388,890
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........................... 3 388,890
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- ..... 5 388,890
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 378,290
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 208,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 586,290
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 10 197,400
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow197,400 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
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.terryfoundation.org
14
The books are in care ofright arrowBlair Abernathy Telephone no.right arrow (713) 552-0002

Located atright arrow3336 Richmond Ave Suite 450HoustonTX ZIP+4right arrow77098
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
Yes
 
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
 
No
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)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
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
Yvonne R Moody President/CEO/Director
40.00 		372,536 30,127 0
3336 Richmond Ave 450
Houston,TX77098
Brian G Yarbrough Chair/Director
1.00 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Blair Abernathy CFO/VP/Treasurer/Sec
40.00 		247,999 45,562 0
3336 Richmond Ave 450
Houston,TX77098
Kristin K Eschbach CIO
40.00 		423,480 66,527 0
3336 Richmond Ave 450
Houston,TX77098
Brian K Carroll Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Kathryn E Flowers Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Scott A Grass Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Brandy C Horton Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Dr Elizabeth R Keeler Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
R Carter Overton III Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Kim A Pekar Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Randall B Skiles Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Bonnie R Southerland Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
Jeffrey C Stichler Director
0.75 		0 0 0
3336 Richmond Ave 450
Houston,TX77098
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
Josephine Koszegi Program Director
40.00 		193,172 59,277 0
3336 Richmond Ave 450
Houston,TX77098
Brandy Skillern Business Intelligenc
40.00 		120,743 57,245 0
3336 Richmond Ave 450
Houston,TX77098
Jamie Thyssen IT Coordinator & Pro
40.00 		106,146 36,662 0
3336 Richmond Ave 450
Houston,TX77098
Laura Sanders Office Manager
40.00 		112,268 21,958 0
3336 Richmond Ave 450
Houston,TX77098
Amber Masso Dir of Comm. & Alumn
40.00 		111,197 21,906 0
3336 Richmond Ave 450
Houston,TX77098
Total number of other employees paid over $50,000...................right arrow 5
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
Merrill Lynch Investment management 872,968
800 Capitol St 20th Floor
Houston,TX77002
Slalom Inc Database development 249,875
PO Box 101416
Pasadena,CA91189
Garrison Point Capital Investment management 120,178
2001 Van Ness Ave Suite 300 36
San Francisco,CA94109
Carrick Lane Investment management 72,173
450 Seventh Avenue Suite 1600
New York,NY10123
Aldridge Information technology 71,827
PO Box 56506
Houston,TX77256
Total number of others receiving over $50,000 for professional services.............right arrow2
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 See Statement 16 26,303,084
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
288,102,351
b
Average of monthly cash balances.......................
1b
12,234,488
c
Fair market value of all other assets (see instructions)................
1c
198,423,603
d
Total (add lines 1a, b, and c).........................
1d
498,760,442
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
498,760,442
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,481,407
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
491,279,035
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
24,563,952
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
24,563,952
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
388,890
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
10,902
c
Add lines 2a and 2b............................
2c
399,792
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
24,164,160
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
24,164,160
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
24,164,160
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
26,308,190
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
26,308,190
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 24,164,160
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 7,134,975
b From 2020...... 2,704,329
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 9,839,304
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 26,308,190
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 24,164,160
e Remaining amount distributed out of corpus 2,144,030
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 11,983,334
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		7,134,975
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,848,359
10 Analysis of line 9:
a Excess from 2020.... 2,704,329
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 2,144,030
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Sam Houston State University


1964 Bobby K Marks Drive
Huntsville,TX77340 		None I Scholarships for 1 Terry Scholar 10,450
Texas AM University


400 Bizzel St
College Station,TX77843 		None I Scholarships for 183 Terry Scholars 4,052,850
Texas State University


601 University Dr
San Marcos,TX78666 		None I Scholarships for 67 Terry Scholars 1,506,100
Texas Tech University


2500 Broadway
Lubbock,TX79409 		None I Scholarships for 69 Terry Scholars 1,606,750
Texas Woman's University


6700 Fannin St
Houston,TX77030 		None I Scholarships for 53 Terry Scholars 1,147,400

The Terry Scholars Fund

3336 Richmond Ave Suite 450
Houston,TX77098 		N/A PC Administrative expenses 5,106
The University of Houston


4800 Calhoun Rd
Houston,TX77004 		None I Scholarships for 70 Terry Scholars 2,001,120
The University of North Texas


1155 Union Cir
Denton,TX76203 		None I Scholarships for 74 Terry Scholars 1,809,650
The University of Texas at Arlingto


701 S Nedderman Dr
Arlington,TX76019 		None I Scholarships for 73 Terry Scholars 1,635,400
The University of Texas at Austin


The University of Texas
Austin,TX78712 		None I Scholarships for 190 Terry Scholars 3,747,150
The University of Texas at Dallas


800 W Campbell Rd
Richardson,TX75080 		None I Scholarships for 74 Terry Scholars 2,230,950
The University of Texas at El Paso


500 W University Ave
El Paso,TX79968 		None I Scholarships for 75 Terry Scholars 1,126,779
The University of Texas at San Anto


1 UTSA Circle
San Antonio,TX78249 		None I Scholarships for 72 Terry Scholars 1,583,640
Total .................................right arrow 3a 22,463,345
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 2,178,315  
4 Dividends and interest from securities ....     14 6,840,801  
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 .....     14 3,834,750  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 589 18 16,578,929  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPassthrough Sch K-1 income 		525990 4,977 14 264,737  
bRoyalty income     15 38,778  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 5,566 29,736,310 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
29,741,876
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Terry Foundation
 
Employer identification number

31-1551093
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Terry Foundation
  		Employer identification number
31-1551093
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Howard L Terry Estate
 
3336 Richmond Avenue Ste 450
 
Houston, TX77098

$ 437,725


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
The Terry Scholars Fund
 
3336 Richmond Avenue Ste 450
 
Houston, TX77098

$ 200,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Terry Foundation
  		Employer identification number

31-1551093
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Terry Foundation
  		Employer identification number

31-1551093
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting and tax compliance 47,767 16,122   27,645

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TY 2024 DepreciationSchedule
Name:
The Terry Foundation
EIN:
31-1551093
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
Royalty assets 2011-11-11 87,874 85,248 SL 10.000000000000 2,626 2,626    
Misc (Web/Video) 2011-11-11 54,001 54,001 SL 5.000000000000 0 0    
F&F (Older) 2011-11-11 117,640 117,640 SL 7.000000000000 0 0    
F&F (2016) 2016-11-11 3,523 3,523 SL 7.000000000000 0 0    
F&F (2017) 2017-11-11 3,142 3,142 SL 7.000000000000 0 0    
F&F (2021) 2021-11-11 9,915 3,658 SL 7.000000000000 1,416 0    
Office 2021-06-23 10,119 10,119 SL 5.000000000000 0 0    
Office (2022) 2022-02-08 3,201 1,174 SL 5.000000000000 640 0    
Improvements (2021) 2021-11-11 12,255 4,834 SL 7.000000000000 1,751 0    

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TY 2024 GainLossSaleOtherAssetsSch
Name:
The Terry Foundation
EIN:
31-1551093
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
From Sch K-1 (Form 1065) - UBTI   Purchased     589   Cost 0 589  

TY 2024 GeneralExplanationAttachment
Name:
The Terry Foundation
EIN:
31-1551093
Identifier Return Reference Explanation
Direct Charitable Activities Form 990-PF, Part VIII-A, Line 1 The Terry Foundation funds scholarships for incoming freshmen who have graduated from a Texas high school and will attend one of 12 Texas public universities. In order to select students with the greatest potential for success, the Foundation's selection committees focus on candidates with a demonstrated history of involvement in activities, outstanding scholastic achievement and a well-rounded personality marked by a desire to succeed. The Terry Foundation program does not consist merely of issuing checks once a semester; it is a sense of family and community. Scholars are expected to participate in student organizations and to be involved on campus.The Terry Foundation presents Terry Scholar alumni a number of ways to give back to the Foundation through their time and resources to ensure a strong Terry family.The Terry Scholar Alumni Association (TSAA) exists to create opportunities for Alumni and current Terry Scholars to give back to the Terry Foundation and to the state of Texas through relationship-building, mentorship, and personal and professional development. TSAA Chapters promote the advancement of scholarship, the development of leadership, the dedication to service, and the cultivation of a Terry community in their respective areas.The Terry Scholar Alumni Advisory Board (TSAAB) is comprised of Terry Scholar Alumni who have distinguished themselves in their service to the Foundation and to their fellow Terry Scholars. These individuals represent the Foundation at Terry functions, such as banquets and picnics, and participate in discussions about strengthening and supporting the Terry Community.Terry Connect helps current students and alumni utilize this exclusive Terry network to connect with old friends, share job and internship opportunities, meet others in their profession, and more.
  990-PF Part VI-A, Line 11, Schedule of Controlled Entities Name of Controlled Entity Employer ID No}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}}}}}}Blackstone Alt Sol IV Offshore LP- SIF FOREIGNUSAddress Excess Business Holding [ ]Yes [X]No}}}}}}}250 Vesey Street, 11th FloorNew York, NY 10080}}}}}}}Description of Transfer and AmountThe foundation received distributions from this investment fund of $2,889,900.}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Name of Bond End of Year Book Value End of Year Fair Market Value
ABS Corporation Home Equity Loan Trust 2004-HE9 12/25/34 0 313,780
ACE Securities Asset-Backed Series 2004-OP1 Class M5 477,950 538,647
Ameriquest Mortgage ABS 2004 Series R8 Class M5 09/25/34 312,440 572,892
BMO 2Y SPX Enh Autocall Buffer 0.000% 11/19/26 1,285,000 1,249,791
BSARB 2004-12 Class M-1 02/25/35 229,488 302,848
Carrington Mortgage ABS 2006 NC2 Class M1 1,110,000 1,192,476
Centex Home Equity Loan Trust 2005-B Class M-4 03/25/35 560,795 902,699
Columbia University Ser 2024 04.355% 10/01/35 200,000 188,668
Commodity Basket MITTS (Issuer: BAC) 135% SV100 04/17/25 2,985,000 2,958,000
Commodity Basket MITTS (Issuer: BAC) 170% SV100 06/24/25 4,975,000 4,895,000
Cornell University 04.835% 06/15/34 500,000 490,075
Credit Suisse AG London Ser M3Nc Zero% 05/30/25 775,000 1,200,475
Escrow Lehman Bros Hldgs Defaulted 0.000% 11/01/14 871,877 350
FINA 2004-3 Class M-3 11/25/34 141,716 166,847
Finance America Mortgage Loan Trust 2004-3 Class M-4 11/25/34 0 168,024
First Horizon AMS 2004 Series AA6 Class A-2 01/25/35 0 39,413
Fremont Home Loan Trust Series 2004-B Class M-4 05/25/34 0 47,102
Fremont Home Loan Trust Series 2004-C Class M-3 08/25/34 0 143
GSAMP 2004-OPT Class M-3 11/25/34 127,472 243,899
GSAMP Asset-Backed Certificates Series 2007-H1 01/25/47 84,887 184,801
GSAMP Trust Series 2006-HE5 Class A-2 08/25/36 0 2,158
GSAMP Trust Series 2006-HE6 08/25/36 71,905 238,221
GSAMP Trust Series 2007-NC1 Class A-2B 12/25/46 200,948 214,615
HarborView Mortgage Loan Trust Series 2005-2 05/19/35 78,814 7
INABS 2005-A 03/25/35 273,687 531,666
IndyMac Index Mortgage CMO 2004 Series AR8 Classes 2A2B 11/25/34 10,618 34,646
Master Asset Backed ABS 2006 Series AM2 Class A3 06/25/36 53,478 142,029
Morgan Stanley ABS 2005 Series HE1 Class B3 181,728 203,519
Morgan Stanley Asset-Backed Capital 1 Series 2006-HE7 09/25/36 41,432 239,770
Morgan Stanley Asset-Backed Capital 1 Series 2007-HE6 05/25/37 128,476 229,395
Morgan Stanley Ser 0003 Zero% Apr 30 2025 650,000 2,527,187
NHEL A 2005-HE1 09/25/35 289,546 793,471
Northeastern University 04.611% 03/01/26 370,743 378,393
NovaStar Home Equity 2006-4 Series A-2C 09/25/36 117,719 184,039
NovaStar Home Equity Loan 2006-6 Class 01/25/37 87,334 108,778
Park Place Sec ABS 2004 MCW1 Class M4 10/25/34 885,508 862,830
Popular ABS Mortgage 2005-3 Class M-2 07/25/35 547,428 852,916
PPSI 2005-WCH Class M-6 01/25/35 280,147 628,371
PPSI 2005-WHQ Class M-5 05/25/35 243,750 591,178
RAMP 2005-EFC1 05/25/35 468,000 867,199
Renaissance Home Equity Loan ABS 2002-4B 03/25/33 0 14,299
Renaissance Home Equity Trust 2004-2 Class M-3 07/25/34 354,678 651,374
Residential Asset Securities ABS 2003 KS11 Class MII3 01/25/34 247,143 249,022
Residential Mortgage ABS 2003 Series RS7 Class MII3 08/25/33 352,913 457,847
Residential Mortgage ABS 2005 Series EFC3 Class M8 08/25/35 795,404 769,247
RLV Lirn Issuer CS Part 128% SV 1,326.478 Due 11/28/25 2,000,000 2,737,800
SAST 2004-2 Class MF-4 08/25/35 463,617 498,073
Saxon Asset Securities Asset-Backed Series 1999 5 Class BF 08/25/28 843,643 700,348
Saxon Asset Securities Asset-Backed Series 2007 1 Class M1 01/25/47 931,275 1,008,847
Soundview Home Loan ABS 2005 Series CTX1 Class M6 11/25/35 342,442 689,462
Structured Asset ABS 2005 HE1 M3 Var% 07/25/35 169,303 343,294
Structured Asset ABS 2005 WF1 M3 Var% 07/25/35 285,364 675,695
Structured Asset CMO 2003 AL1 B2 3.356% 04/25/31 415,845 0
Structured Asset CMO 2006 AR5 4A1 Var% 05/25/46 77,801 161,852
SX5E LIRN ISS RBC 161.00% SV 3,456.70 Due 09/24/27 Buffer 20% 4,692,420 6,819,336
SX5E LIRN ISS TD 173.20% SV 3,757.05 Due 08/27/27 Buffer 20% 2,985,000 3,990,000
MM Community Funding II Term Trust Bonds 655,551 655,551

TY 2024 InvestmentsCorpStockSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Name of Stock End of Year Book Value End of Year Fair Market Value
1,060 3i Group ADR 20,800 23,956
4,686 AbbVie Inc 871,077 832,702
119 Adobe Inc 62,206 52,917
1,236 Adyen Unsponsored Netherl 100 ADR Rep 1 Ord Shs 14,806 18,120
4,836 Agnico Eagle Mines Ltd 293,013 378,224
9,189 Alphabet Inc Class A 863,975 1,739,478
254 Alphabet Inc Class A 35,361 48,082
6,540 Amazon.com Inc 694,152 1,434,811
29,499 American Funds International Vantage Fund Class F-2 506,637 480,238
70 Ameriprise Financial, Inc. 24,376 37,270
11,712 Amphenol Corp 549,478 813,398
36 Aon PLC 7,539 12,930
13,093 Apple Inc 1,507,071 3,278,749
265 Apple Inc 46,697 66,361
304 Applied Materials Inc 61,407 49,440
521 Aptiv PLC 44,717 31,510
5,600 Arbor Realty Trust Inc. 6.375% Pfd. Series D 136,850 103,824
247 Arch Capital Group Ltd 17,884 22,810
26 ASM International NV 9,523 14,798
27 ASML Holding NV 10,399 18,713
389 AstraZeneca PLC 26,437 25,487
76 Atlassian Corp 13,597 18,497
301 BAE Systems PLC - ADR 15,617 17,205
850 Bank of America Corp 25,463 37,357
1,181 BlackRock Inc 854,766 1,210,655
12,337 Boston Scientific Corp 604,474 1,101,941
5,119 Broadcom Inc 435,240 1,186,789
436 Canadian Natural Resources Ltd 14,451 13,459
293 Canadian Pacific Kansas City Ltd 18,913 21,204
323 CBRE Group Inc 40,488 42,407
141 Celanese Corp 18,594 9,759
1,764 Cencora Inc 416,374 396,336
126 Chevron Corp 19,768 18,250
1,136 Cisco Systems Inc 57,532 67,251
21,717 Communication Services Select Sector SPDR Fund 1,532,942 2,102,423
505 Compass Group ADR 13,945 16,963
3,939 ConocoPhillips 285,854 390,631
173 ConocoPhillips 20,720 17,156
110 Constellation Brands Inc 27,482 24,310
9,460 Consumer Discretionary Select Sector SPDR Fund 1,487,134 2,122,351
1,404 Costco Wholesale Corp 583,334 1,286,443
876 Coupang Inc 19,456 19,254
90 Cummins Inc 21,574 31,374
409 CVS Health Corp 28,179 18,360
92 Danaher Corp 20,184 21,119
224 Darden Restaurants Inc 33,436 41,819
309,247 DoubleLine Shiller Enhanced CAPE Class I 4,601,744 4,734,578
10,564 DoubleLine Yield Opportunities Fund 178,765 167,228
191 DR Horton Inc 23,220 26,706
164 DTE Energy Co 17,224 19,803
924 Eli Lilly And Co 405,174 713,328
5,531 Energy Select Sector SPDR Fund 488,448 473,785
8,744 Entergy Corp 573,437 662,970
295 Experian PLC 11,666 12,605
8,869 Exxon Mobil Corp 995,875 954,038
81 Ferguson Enterprises Inc 11,865 14,059
1,477 Ferrari NV 469,534 627,489
71 Ferrari NV 13,489 30,164
2,153 Fidelity 500 Index Fund 264,180 439,524
3,281 Fidelity MSCI Utilities Index ETF 156,356 160,014
32,110 Financial Select Sector SPDR Fund 1,255,222 1,551,876
4,153 First Trust Cloud Computing ETF 338,183 494,705
184 Fiserv, Inc. 23,135 37,797
10,364 Global X U.S. Infra Developments UCITS ETF USD Acc 358,990 418,809
15,166 Health Care Select Sector SPDR Fund 2,063,370 2,086,387
2,728 Hilton Hotels Corporation Common Stock 367,591 674,252
2,186 Home Depot Inc 676,002 850,332
1,747 Honeywell International Inc 300,640 394,630
5,609 Howmet Aerospace Inc 331,303 613,456
1,724 HP Inc 48,355 56,254
273 IBM Common Stock 43,213 60,014
605 ICICI Bank Ltd 13,405 18,065
115 ICON PLC 26,225 24,117
370 Incyte Corp 23,213 25,556
3,597 Intercontinental Exchange Inc 550,404 535,989
2,302 Invesco Aerospace & Defense ETF 265,133 264,108
3,313 Invesco KBW Bank ETF 177,754 216,505
778,495 Invesco Senior Floating Rate Fund Class Y 5,096,286 5,138,067
3,949 iShares Biotechnology ETF 524,805 522,097
106,476 iShares MSCI Emerging Markets ex China ETF 5,595,584 5,904,094
47,062 iShares MSCI Eurozone ETF 2,257,105 2,221,326
49,211 iShares MSCI Japan ETF 2,798,299 3,302,058
332,392 iShares MSCI Pacific ex Japan ETF 14,680,972 14,562,094
5,397 Ishares Msci Sweden Etf 209,435 201,470
13,362 Ishares Msci Switzerland ETF 639,071 614,118
395,453 iShares MSCI United Kingdom ETF 12,984,469 13,405,857
4,434 iShares US Home Construction ETF 515,467 458,431
7,845 Johnson Controls International PLC 593,408 619,206
5,872 JPMorgan Chase & Co 717,438 1,407,577
161 JPMorgan Chase & Co 25,762 38,593
7,420 JPMorgan Equity Premium Income ETF 399,901 426,873
701,979 Kayne Anderson Energy Infrstctr Fund Inc 7,128,840 8,922,153
9,636 Kenvue Inc 195,208 205,729
763 Keurig Dr Pepper Inc 28,259 24,508
80 KLA Corp 44,472 50,410
45 Linde PLC 15,084 18,840
919 LKQ Corp 42,974 33,773
135 Lowe's Companies Inc 28,474 33,318
718 Martin Marietta Materials Inc 434,928 370,847
67 Mastercard Inc 27,617 35,280
2,011 McDonald's Corp 564,603 582,969
50 McKesson Corp 23,355 28,495
555 MEITUAN Unsponsored ADR 26,254 21,540
8 MercadoLibre Inc 10,136 13,604
219 Merck & Co Inc 23,747 21,786
74 Meta Platforms Inc 26,501 43,328
408 Metlife Inc 26,386 33,407
7,529 Microsoft Corp 1,679,374 3,173,473
840 Mitsubishi Heavy Inds ADR 20,108 23,503
69 Monday.Com Ltd 15,557 16,245
996 Netflix Inc 412,985 887,755
883,711 Neuberger Brmn nrgy nfrstrctr nd ncm Fnd 6,873,011 7,803,168
385 Novo Nordisk A/S 21,356 33,118
1,262 Nu Holdings Ltd 14,111 13,074
23,680 NVIDIA Corp 473,438 3,179,987
359 Oracle Corp 52,275 59,824
1,824 Pacer Data & Infrastructure RE 51,045 54,684
561,882 Pacer US Cash Cows 100 Index 28,111,904 31,735,095
58,610 Pacer US Small Cap Cash Cows Index 2,249,685 2,579,426
3,640 Palo Alto Networks Inc 369,273 662,334
1,856 Parker-Hannifin Corp 535,374 1,180,472
630,401 PGIM Short-Term Corporate Bond Fund- Class Z 6,528,008 6,688,552
4,782 Procter & Gamble Co 750,663 801,702
3,250 Progressive Corp 360,582 778,732
5,225 Prologis Inc 570,706 552,282
232 Public Service Enterprise Group Inc 14,380 19,602
99 Quanta Services Inc 19,589 31,289
10,601 Real Estate Select Sector SPDR Fund 417,377 431,143
24 Regeneron Pharmaceuticals Inc 20,566 17,096
3,368 Rolls-Royce Holdings PLC ADR 24,843 23,961
109 Roper Technologies Inc 56,167 56,664
4,040 Ross Stores Inc 523,980 611,131
2,043 S&P Global Inc 833,382 1,017,475
567 Safran ADR 26,095 30,902
122 SAP SE 30,495 30,038
374 Schneider Electric SE Unsponsored France ADR 11,760 18,565
293 Sea Ltd 21,242 31,087
793 ServiceNow Inc 370,924 840,675
50 Sherwin-Williams Co 14,642 16,997
403 Siemens Energy AG 18,105 21,077
5,040 Slb NV 201,521 193,234
64 Spotify Technology SA 18,663 28,632
92 Steris PLC 17,221 18,912
70 Stryker Corp 20,212 25,204
209 Taiwan Semicndctr Mnufctrng Co Ltd 30,069 41,275
186 Target Corp 24,263 25,143
1,894 Tesla Inc 324,806 764,873
41 Thermo Fisher Scientific Inc 20,511 21,329
18,949 Thornburg Income Builder Opportunts Trst 358,256 308,490
142 Travelers Companies Inc 25,128 34,206
475 Tyson Foods Inc 24,162 27,284
535 UBS Group AG 16,506 16,221
1,680 Union Pacific Corp 330,381 383,107
120 Union Pacific Corp 26,663 27,365
562 United Rentals Inc 266,453 395,895
36 United Rentals Inc 17,813 25,360
138 Valero Energy Corp 19,057 16,917
3,342 VanEck FTSE Global Infrastructure (Hedged) ETF 148,041 154,701
105,690 VanEck MSCI International Value ETF 10,745,018 11,161,921
9,917 VanEck Semiconductor ETF 1,924,452 2,401,600
3,862 Vanguard Consumer Staples Index Fund ETF 760,272 816,350
21,102 Vanguard FTSE All-World ex-US Small-Cap Index ETF 2,059,484 2,415,757
4,060 Vanguard Industrials Index Fund ETF 850,828 1,032,825
8,049 Vanguard Information Technology Index Fund ETF 3,699,495 5,004,868
1,291 Vanguard Materials Index Fund ETF 238,648 242,501
109,175 Vanguard Mortgage-Backed Secs Idx Fund ETF 5,132,334 4,949,995
13,044 Vanguard Small-Cap Value Index Fund ETF 2,195,379 2,585,060
66,515 Vanguard Total International Bond Index Fund ETF 3,324,284 3,262,561
939 Verizon Communications Inc 33,841 37,551
24,762 Virtus KAR Small-Mid Cap Core Fund Class I 434,058 502,661
2,219,501 Virtus Newfleet Multi-Sector ST Bond Fund Class I 9,839,339 10,054,340
3,770 Visa Inc 638,639 1,191,471
15,487 Walmart Inc 643,918 1,399,250
451 Walt Disney Co 41,394 50,219
73 Waste Connections Inc 10,298 12,525
1,325 WCM Focused International Growth Fund Institutional Class 534,327 474,840
4,749 Welltower Inc 394,472 598,516
8,948 Western Digital Corp 576,311 533,569
162 Westinghouse Air Brake Technologies Corp 18,425 30,714
3,676 Zoetis Inc 494,009 598,931

TY 2024 InvestmentsGovtObligationsSch
Name:
The Terry Foundation
EIN:
31-1551093
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

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


14,013,261
State & Local Government Securities - End of Year Fair Market Value:


13,694,130


TY 2024 InvestmentsOtherSchedule2
Name:
The Terry Foundation
EIN:
31-1551093
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AG Mortgage Value Participation Fund Ltd. AT COST 3,616,567 4,425,901
Apollo European Credit Fund, L.P. AT COST 537,538 45,882
AQR Delphi Long-Short Equity Offshore Fund, L.P. AT COST 3,485,000 5,261,597
BDCM Offshore Opportunity Fund IV AIV, LP AT COST 202,099 409,081
BDCM Offshore Opportunity Fund IV AIV, Ltd. AT COST 315,848 639,328
BDCM Offshore Opportunity Fund IV, Ltd. AT COST 1,820,180 3,684,341
BDCM Offshore Opportunity Fund V, Ltd. AT COST 2,322,746 2,992,619
BDCM Opportunity Fund II, L.P. AT COST 235,815 84,984
BDCM Opportunity Fund III, L.P. AT COST 1,229,646 2,615,963
BDCM PTC Investment, LP AT COST 1,938,900 720,542
Black Diamond CLO 2014-1, Ltd. AT COST 474,489 474,489
Black Diamond Credit Strategies Offshore, Ltd. AT COST 2,597,706 5,674,017
Blackstone Alternatives Solution 2015 Trust (Tax Exempt) AT COST 2,870,097 3,394,535
Blackstone Alternatives Solution IV Fund (Offshore), L.P. AT COST 19,949,670 19,771,416
Blackstone Alternatives Solution VI Fund (Offshore) L.P. AT COST 3,740,943 4,249,073
Blackstone Alternatives Solution VIII Fund (Offshore) L.P. AT COST 5,412,161 5,706,710
Campus-Clarion Student Housing Partners, LP AT COST 1,001,285 1,267,884
CQS ABS Feeder Fund Ltd AT COST 3,286,321 4,016,180
CRG Partners III (Cayman) Holdings L.P. AT COST 2,238,111 902,436
CRG Partners IV - Cayman Levered (Holdings) L.P. AT COST 3,595,952 3,979,319
GSO Energy Private Investors Offshore, L.P. AT COST 52,953 97,554
Hawk Ridge Partners Offshore Ltd. AT COST 3,360,000 5,048,023
Irradiant CLO Partners Fund I, L.P. AT COST 528,251 357,673
Irradiant CLO Partners Fund II, L.P. AT COST 875,709 973,787
Kayne Anderson Core Real Estate, L.P. AT COST 12,143,441 16,221,249
Kayne Anderson Real Estate Debt Fund IV, L.P. AT COST 2,543,709 2,480,818
Kayne Anderson Real Estate Partners IV, L.P. AT COST 12,678,903 9,348,738
Kayne Anderson Real Estate Partners V, L.P. AT COST 13,049,312 11,936,479
Kayne Anderson Real Estate Partners VI, L.P. AT COST 12,701,711 15,529,695
Kayne Commercial Real Estate Debt, LP AT COST 5,072,606 4,876,125
Kayne Credit Opportunities Fund (QP), L.P. AT COST 7,824 209,189
Kayne NewRoad Ventures Fund II, L.P. AT COST 1,021,175 1,402,226
Kayne NewRoad Ventures Fund II, L.P. AT COST 1,257,400 1,793,674
Kayne Partners Fund III (QP), L.P. AT COST 693,677 350,943
Kayne Partners Fund IV (QP), L.P. AT COST 854,143 1,169,698
Kayne Senior Credit II Offshore Fund, L.P. AT COST 449,149 324,655
Kayne Senior Credit III Offshore Fund, L.P. AT COST 919,789 857,716
KKR Custom Equity Opportunities Cayman Fund L.P. AT COST 1,727,871 3,115,139
Millennium Access Fund, Ltd. AT COST 7,507,500 8,802,717
NewRoad Fund III, L.P. AT COST 1,873,930 2,429,169
Oaktree Mezzanine Fund III, L.P. Class A AT COST 5,749 450
Oaktree Mezzanine Fund III, L.P. Class B AT COST 31,098 2,287
Oaktree Real Estate Debt Fund II Feeder (Cayman), L.P. AT COST 524,205 325,261
Oaktree Real Estate Opportunities Fund V, L.P. AT COST 116,533 5,847
Oaktree Real Estate Opportunities Fund VI (Cayman), L.P. AT COST 990,783 355,530
Oaktree Real Estate Opportunities Fund VII (Feeder), L.P. AT COST 1,371,279 1,145,786
Portfolio Advisors Private Equity Fund 2012 (Offshore), L.P. AT COST 0 2,476,917
Summit Partners Concentrated Growth LS/QP Fund Ltd AT COST 3,303,000 6,497,490
Tiger Global PIP XV Private Investors Offshore, L.P. AT COST 968,499 682,446
UIRC-GSA International, LLC (19-A7%) AT COST 618,068 0
UIRC-GSA International, LLC (2021-B AI7.5%) AT COST 821,250 0
Vista Equity Partners Fund VI-A, L.P. AT COST 542,095 579,422
Z Capital Credit Tactical Fund, L.P. AT COST 2,528,502 2,015,978
Z Capital Partners I, L.P. AT COST 10,172,105 14,780,958
Z Capital Partners II-A, L.P. AT COST 11,303,190 1,059,956
Z Capital Partners III-A, L.P. AT COST 4,826,955 8,404,372

TY 2024 LandEtcSchedule2
Name:
The Terry Foundation
EIN:
31-1551093
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Misc (Web/Video) 54,001 54,001 0 0
F&F (Older) 117,640 117,640 0 0
F&F (2016) 3,523 3,523 0 0
F&F (2017) 3,142 3,142 0 0
F&F (2021) 9,915 5,074 4,841 4,841
Office 10,119 10,119 0 0
Office (2022) 3,201 1,814 1,387 1,387
Improvements (2021) 12,255 6,585 5,670 5,670


TY 2024 LegalFeesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General governance and counsel 27,060 13,530   13,530


TY 2024 OtherAssetsSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Deposits 17,547 17,547 17,547


TY 2024 OtherExpensesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Dues and subscriptions 34,197 30,349   3,848
Insurance 8,458 1,353   7,105
Office expenses 16,860 3,143   13,717
Payroll processing fees 40,759 3,292   37,467
Telephone and communication expenses 62,397 5,101   57,296
Terry Connect development and support 17,411 0   17,411
Terry Scholar Alumni Association programs 48,656 0   48,656
Terry Scholar Fall Banquets 185,958 0   185,958
Terry Scholar Interviews 210,985 0   210,985
Terry Scholar Orientations 68,252 0   68,252
Terry Scholar program development 52,510 0   52,510
Terry Scholar Spring Picnics 189,802 0   189,802
Terry Scholar Student Organization programs 47,033 0   47,033


TY 2024 OtherIncomeSchedule2
Name:
The Terry Foundation
EIN:
31-1551093
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Foreign dividends 3,834,750 3,834,750 3,834,750
Passthrough Sch K-1 income 269,714 265,191 269,714
Royalty income 38,778 38,778 38,778


TY 2024 OtherLiabilitiesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Description Beginning of Year - Book Value End of Year - Book Value
5 Put SPXW 05750 S&P 500 Index 01-31-2025 0 23,435
5 Put SPXW 05870 S&P 500 Index 01-24-2025 0 38,235
5 Put SPXW 05690 S&P 500 Index 01-17-2025 0 9,070
5 Put SPXW 05810 S&P 500 Index 01-10-2025 0 13,340
6 Put SPXW 05630 S&P 500 Index 01-03-2025 0 150


TY 2024 OtherProfessionalFeesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment management fees 1,117,888 1,117,888   0
Information technology fees 389,305 16,549   372,756


TY 2024 TaxesSchedule
Name:
The Terry Foundation
EIN:
31-1551093
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF - Excise tax 313,000 0   0
Foreign tax 5,748 5,748   0
Property and production tax 2,129 2,129   0