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
Appelt Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)3701 Kirby Dr 1030
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77098
A Employer identification number

20-8438048
B Telephone number (see instructions)

(713) 524-7200
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$14,946,374J 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) 31,064
2 Check right arrow.............
3 Interest on savings and temporary cash investments 24,030 24,030  
4 Dividends and interest from securities... 161,783 161,783  
5a Gross rents............ 51,777 51,777  
b Net rental income or (loss) -14,072
6a Net gain or (loss) from sale of assets not on line 10 868,590
b Gross sales price for all assets on line 6a 4,204,713
7 Capital gain net income (from Part IV, line 2)... 868,590
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
15,857 15,857  
12 Total. Add lines 1 through 11........ 1,153,101 1,122,037  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,700 1,850   1,850
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
131,481 101,481   30,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74,862 55,976   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 170 0   170
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,561 10,560   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 220,774 169,867   32,020
25 Contributions, gifts, grants paid....... 675,300 675,300
26 Total expenses and disbursements. Add lines 24 and 25 896,074 169,867   707,320
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 257,027
b Net investment income (if negative, enter -0-) 952,170
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............. 311,270    
2 Savings and temporary cash investments......... 121,498 501,168 501,450
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) 408,371 Click to see attachment
List of Attached Documents:
// Content
333,246 		318,270
b Investments—corporate stock (attach schedule)....... 4,437,312 Click to see attachment
List of Attached Documents:
// Content
4,621,701 		4,976,808
c Investments—corporate bonds (attach schedule)....... 597,214 Click to see attachment
List of Attached Documents:
// Content
775,134 		763,989
11 Investments—land, buildings, and equipment: basis right arrow3,815,345
Less: accumulated depreciation (attach schedule) right arrow   3,915,436 Click to see attachment
List of Attached Documents:
// Content
3,815,345 		8,260,380
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 123,943 Click to see attachment
List of Attached Documents:
// Content
125,477 		125,477
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,915,044 10,172,071 14,946,374
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 9,915,044 10,172,071
29 Total net assets or fund balances (see instructions)..... 9,915,044 10,172,071
30 Total liabilities and net assets/fund balances (see instructions). 9,915,044 10,172,071
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
9,915,044
2
Enter amount from Part I, line 27a .....................
2
257,027
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,172,071
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
10,172,071
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      
c Land - Bastrop County D 2022-12-20 2024-05-28
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 3,317,983   3,180,335 137,648
b 31,730     31,730
c 855,000   155,788 699,212
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       137,648
b       31,730
c       699,212
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 2 868,590
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 13,235
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 13,235
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 13,235
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 12,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 835
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   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$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowGary Clayton Telephone no.right arrow (713) 333-7215

Located atright arrow3701 Kirby Dr Ste 1030HoustonTX 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
 
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
Julie S TysorClick to see attachment
List of Attached Documents:
// Content
President, Director
5.00 		30,000 0 0
3701 Kirby Dr Ste 1030
Houston,TX77098
Gary L Appelt VP, Director
1.00 		0 0 0
3701 Kirby Dr Ste 1030
Houston,TX77098
Kenneth L Appelt Director
1.00 		0 0 0
3701 Kirby Dr Ste 1030
Houston,TX77098
Amy Appelt Wallingford Director
1.00 		0 0 0
3701 Kirby Dr Ste 1030
Houston,TX77098
Carrie Appelt Richardson Director
1.00 		0 0 0
3701 Kirby Dr Ste 1030
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
The Appelt Co Administrative management 60,000
3701 Kirby Dr 1030
Houston,TX77098
Amegy Wealth Advisors Investment management 56,830
717 West Loop South 11th Fl
Houston,TX77027
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,928,513
b
Average of monthly cash balances.......................
1b
840,343
c
Fair market value of all other assets (see instructions)................
1c
8,688,384
d
Total (add lines 1a, b, and c).........................
1d
15,457,240
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
15,457,240
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
231,859
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
15,225,381
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
761,269
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
761,269
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
13,235
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,235
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
748,034
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
748,034
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
748,034
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
707,320
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
707,320
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 7 748,034
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 675,228
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 707,320
a Applied to 2023, but not more than line 2a 675,228
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		Click to see attachment
List of Attached Documents:
// Content
0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 32,092
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		715,942
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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

Arts for Rural Texas

PO Box 33
Fayetteville,TX78940 		N/A PC General Support 25,000

Avondale House

3737 OMeara Drive
Houston,TX77025 		N/A PC General Support 25,000

Brazos Valley Food Bank

PO Box 74
Bryan,TX77806 		N/A PC General Support 25,000

Camp For All

3701 Kirby Dr Suite 570
Houston,TX77098 		N/A PC General Support 100,000

Easter Seals New Hampshire

555 Auburn Street
Manchester,NH03103 		N/A PC General Support 75,000

Far View Horse Rescue

PO Box 1529
Fairplay,CO80440 		N/A PC General Support 15,000

Friends of Chamber Music

PO Box 4648
Bryan,TX77805 		N/A PC General Support 20,000

Lake George Community Drive

PO Box 281
Lake George,CO80827 		N/A PC General Support 10,000

Miracle Farm Inc

10802 FM 2621
Brenham,TX77833 		N/A PC General Support 100,000

Patriot Legacy Fund

3920 Suwanee Bend Dr
Suwanee,GA30024 		N/A PC General Support 30,000

Paws for Heros

7941 Katy Freeway 175
Houston,TX77024 		N/A PC General Support 20,300

Pi Beta Phi Foundation

PO Box 2187
Columbus,GA31902 		N/A PC General Support 25,000

Robert Conte Foundation for Parkinson's

17850 Rock Prairie Rd
College Station,TX77845 		N/A PC General Support 25,000

Rocky Mountain Elk Foundation Inc

86 Stoll Circle
Lake George,CO80827 		N/A PC General Support 25,000

Round Top Family Library

PO Box 245
Round Top,TX78954 		N/A PC General Support 30,000

Spring Branch-Memorial Sports Association

PO Box 800211
Houston,TX77280 		N/A PC General Support 30,000

Texas Louisiana Gulf Coast Synod

PO Box 99
LaGrange,TX78945 		N/A PC General Support 25,000

Tiny Hope Village

708 W 17th Street
Bryan,TX77803 		N/A PC General Support 35,000

Vail Health Foundation

PO Box 1529
Vail,CO81658 		N/A PC General Support 35,000
Total .................................right arrow 3a 675,300
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 24,030  
4 Dividends and interest from securities ....     14 161,783  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -14,072  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 868,590  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPartnership K-1 income 		    14 12,276  
bRoyalty income     15 3,581  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,056,188 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,056,188
(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
Appelt Family Foundation
 
Employer identification number

20-8438048
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
Appelt Family Foundation
  		Employer identification number
20-8438048
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
The Estate of Leslie L Appelt
 
3701 Kirby Drive Suite 1030
 
Houston, TX77098

$ 31,064


(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.)
(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
Appelt Family Foundation
  		Employer identification number

20-8438048
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
Appelt Family Foundation
  		Employer identification number

20-8438048
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:
Appelt Family Foundation
EIN:
20-8438048
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax compliance 3,700 1,850   1,850

TY 2024 AppliedToPriorYearElection
Name:
Appelt Family Foundation
EIN:
20-8438048
Election:
Pursuant to Code Sec. 4942(h) and Reg 53.4942(a)-3(d)(2) the foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of undistributed income from designated prior years in the following amounts:Tax Year Amount December 31, 2018 $2,817December 31, 2019 $5,005December 31, 2020 $4,925December 31, 2021 $6,504

TY 2024 CompensationExplanation
Name:
Appelt Family Foundation
EIN:
20-8438048
Person Name Explanation
Julie S Tysor The foundation paid a management fee of $60,000 to The Appelt Company, reported on Part I, Line 16c, for ordinary and necessary personal services performed for the foundation during the tax year. Julie Tysor is employed by The Appelt Company. She is not employed or compensated by the foundation. The fee is not paid to Julie Tysor directly, but it is estimated that approximately half of the fee is attributed to her services performed for the foundation. The foundation is making this disclosure pursuant to revised IRS guidance per Announcement 2021-18.

TY 2024 InvestmentsCorpBondsSchedule
Name:
Appelt Family Foundation
EIN:
20-8438048
Name of Bond End of Year Book Value End of Year Fair Market Value
Accenture Capital Inc 4.2500% 10/04/31 10,982 10,568
Accenture Capital Inc 4.5000% 10/04/34 7,992 7,603
Amgen Inc 2.4500% 02/21/30 16,431 15,912
Astrazeneca Finance LLC 2.2500% 05/28/31 11,898 11,081
Automatic Data Processing 4.4500% 09/09/34 20,925 20,009
Bank Of America Corp 1.6580% 03/11/27 30,356 30,834
Bank Of America Corp 2.5720% 10/20/32 35,254 33,775
Blackrock Inc 2.1000% 02/25/32 14,010 13,193
Citigroup Inc 1.4620% 06/09/27 39,689 39,989
Comcast Corp New 1.5000% 02/15/31 9,435 8,956
Comcast Corp New 5.3000% 06/01/34 9,982 9,999
CVS Health Corp 5.0000% 02/20/26 20,989 20,981
CVS Health Corp 5.5500% 06/01/31 26,013 25,810
Gilead Sciences Inc. 5.1000% 06/15/35 25,896 25,607
Goldman Sachs Group Inc 2.6400% 02/24/28 13,530 13,354
Johnson & Johnson 4.9000% 06/01/31 10,010 10,064
JPMorgan Chase & Co 1.0400% 02/04/27 41,517 42,274
JPMorgan Chase & Co 1.4700% 09/22/27 7,494 7,568
JPMorgan Chase & Co 1.5780% 04/22/27 10,435 10,559
Morgan Stanley 1.5930% 05/04/27 21,806 22,048
Philip Morris Intl Inc 11/01/34 34,189 33,641
Philip Morris Intl Inc 4.8750% 02/13/29 20,830 20,972
President&fellow Harvard Co 4.6090% 02/15/35 20,978 20,391
Sempra 5.4000% 08/01/26 17,983 18,150
Shell Fin US Inc 2.7500% 04/06/30 42,355 40,446
United Parcel Svcs Sr Nt 5.1500% 05/22/34 15,992 15,978
US Bancorp 2.2150% 01/27/28 54,144 54,039
BP Cap Mkts Amer Inc 5.2270% 11/17/34 21,912 21,687
BP Cap Mkts Amer Inc 3.9370% 09/21/28 20,999 20,366
Oracle Corp 1.6500% 03/25/26 22,118 22,177
Oracle Corp 2.9500% 04/01/30 10,060 9,936
AT&T Inc 1.7000% 03/25/26 29,931 29,881
AT&T Inc 2.2500% 02/01/32 9,460 9,098
Verizon Communications Inc 1.7500% 01/20/31 55,539 53,575
Totalenergies Cap Sa 4.7240% 09/10/34 14,000 13,468

TY 2024 InvestmentsCorpStockSchedule
Name:
Appelt Family Foundation
EIN:
20-8438048
Name of Stock End of Year Book Value End of Year Fair Market Value
Apple Inc 31,972 44,074
Abbvie Inc 12,970 14,216
Airbnb Inc Class A 8,321 8,016
Adobe Systems Inc 10,307 10,228
American Electric Power Co Inc 12,613 12,174
Amgen Inc 14,224 13,553
Amazon.Com Inc 49,125 70,424
Alexandria Real Estate Eq Inc 13,567 11,413
Bristol-Myers Squibb Co. 20,039 22,454
Salesforce Inc 15,863 23,403
Chevron Corp 21,670 19,988
Duke Energy Corp 14,269 14,329
Equinix Inc 12,844 16,029
Entergy Corp. 7,800 10,842
Gilead Sciences Inc 18,180 23,000
Alphabet Inc Cap Stk Class A 12,869 14,765
WW Grainger, Inc 8,424 16,865
Huntington Bancshares Inc 12,501 14,025
Intercontinental Exchange Inc 2,917 3,874
Intuit Inc 11,993 14,456
Intuitive Surgical Inc 9,436 17,225
Johnson & Johnson 16,955 15,474
Coca Cola Co 10,375 10,709
Kenvue Inc 9,907 10,227
Eli Lilly & Co 8,276 12,352
Meta Platforms Inc. Class A 20,617 48,597
Marsh & McLennan Cos 8,690 11,258
Monster Beverage Corp New 8,837 11,038
Morgan Stanley 7,399 9,052
Microsoft Corp 41,800 57,324
Netflix Inc 10,982 31,196
Nvidia Corp 17,020 77,485
Realty Income Corp 15,469 13,780
Palo Alto Networks Inc 10,293 18,924
Paychex Inc 8,131 8,974
Pepsico, Inc. 13,811 12,165
Pfizer, Inc. 21,599 12,761
Prologis Inc 15,835 14,058
Philip Morris International 14,890 17,210
PNC Financial Services Group Inc 14,730 16,778
PPL Corporation 7,962 9,284
PayPal Holdings Inc 16,228 15,363
RTX Corporation 10,699 12,613
Starbucks Corp 4,412 4,289
Sherwin Williams Co. 9,436 12,577
Southern Company 8,947 9,878
S&P Global Inc 12,305 15,439
Stryker Corp 7,850 12,242
AT&T Inc. 10,815 12,136
Truist Financial Corporation 17,453 14,836
Target Corp 9,445 10,274
Thermo Fisher Scientific Inc 15,328 15,087
Tesla Motors Inc 7,280 14,942
Uber Technologies Inc 5,956 10,858
United Health Group Inc 20,630 20,740
Union Pacific Corp. 10,583 10,490
United Parcel Service Inc Class B 11,638 8,070
US Bancorp Del New 19,751 19,945
Visa Inc Class A 29,973 41,717
Verizon Communications Inc 29,006 23,314
Workday Inc 13,813 14,708
WEC Energy Group 6,240 6,865
Williams Company Inc 5,039 7,414
Xcel Energy Inc 16,265 19,108
Exxon Mobil Corp 8,854 7,960
Zoetis Inc 11,374 10,590
Accenture PLC Ireland Shs Class A 10,407 12,313
Alcon Inc 9,181 10,272
Amcor Plc 8,431 6,502
ASML Holdings N V NY Reg Shs 11,107 12,475
Bank of Montreal 11,749 12,422
Canadian Imperial Bank of Commerce 5,933 6,133
Diageo PLC Sponsored ADR (UK) 11,536 11,442
Enbridge Inc 23,910 22,658
Eaton Corp PLC 7,972 16,594
Icon Plc 3,447 3,355
Lyondellbasell Industries NV Shs Class A 17,846 14,483
National Grid PLC Sponsored ADR (UK) 21,934 17,885
Novo-Nordisk A/S-Spons ADR (Denmark) 2,882 2,839
Sanofi ADR (France) 18,939 18,086
TC Energy Corp 16,226 16,797
Taiwan Semiconductor-Spons ADR (Taiwan) 13,691 16,984
TotalEnergies SE Sponsored ADS 20,430 19,511
iShares Core S&P 500 ETF 419,208 436,801
iShares Russell Mid-Cap Growth ETF 168,819 235,755
iShares Russell Mid-Cap Value ETF 186,462 221,042
Harbor Small Cap Value Ret 234,600 249,507
Nationwide Geneva Small Cap Growth IS 211,900 247,173
MFS International Equity R6 443,800 456,042
T. Rowe Price International Discovery I 176,750 167,767
Harding Loevner Inst'l Emerging Mkts 175,450 150,191
Pzena Emerging Markets Value Instl 146,700 136,804
Federated Hermes Corporate Bond Strategy 88,661 84,067
Federated Hermes Mortgage Strategy 704,478 674,462
DoubleLine Emerging Markets Fixed Inc I 151,650 147,305
Aristotle Floating Rate Income Fund Cl I2 147,150 146,069
Calamos Market Neutral Income I 114,100 119,591
Goldman Sachs Absolute Return Tracker Instl 111,550 118,027

TY 2024 InvestmentsGovtObligationsSch
Name:
Appelt Family Foundation
EIN:
20-8438048
US Government Securities - End of Year Book Value:

333,246
US Government Securities - End of Year Fair Market Value:

318,270
State & Local Government Securities - End of Year Book Value:


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


0


TY 2024 InvestmentsLandSchedule2
Name:
Appelt Family Foundation
EIN:
20-8438048
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Fayette Cty, 50%, 15.572A 39,865 0 39,865 75,000
Orange Cty-55.79%-305.878 AC 436,417 0 436,417 2,012,880
Bastrop Cty PF 7-2-9-CVForest 23,582 0 23,582 30,000
Bastrop Cty PF 7-2-8-CVForest 23,582 0 23,582 30,000
Bastrop Cty PF 7-2-7-CVForest 23,582 0 23,582 30,000
Bastrop Cty PF 7-1-51 34,326 0 34,326 50,000
Bastrop Cty PF 8-1-6 12,699 0 12,699 30,000
Bastrop Cty PhII-6-12-24 2,000 0 2,000 10,000
Bastrop Cty-127.004 Ac-Orchard 657,932 0 657,932 1,000,000
Bastrop Cty-552.271 Ac Ranch 2,116,686 0 2,116,686 4,000,000
Bastrop Cty 17.986 AC Higgins 90,000 0 90,000 160,000
Bastrop Cty 50% UDI-5.833 Ac 82,500 0 82,500 82,500
Bastrop Cty 50% UDI-244.745 Ac 272,174 0 272,174 750,000

TY 2024 InvestmentsOtherSchedule2
Name:
Appelt Family Foundation
EIN:
20-8438048
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Lamesa Properties, Ltd AT COST 125,477 125,477

TY 2024 OtherExpensesSchedule
Name:
Appelt Family Foundation
EIN:
20-8438048
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Partnership K-1 deductions 1,142 1,141   0
Rental property insurance 8,718 8,718   0
Repairs and maintenance 701 701   0


TY 2024 OtherIncomeSchedule2
Name:
Appelt Family Foundation
EIN:
20-8438048
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Partnership K-1 income 12,276 12,276 12,276
Royalty income 3,581 3,581 3,581


TY 2024 OtherProfessionalFeesSchedule
Name:
Appelt Family Foundation
EIN:
20-8438048
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative management fees 60,000 30,000   30,000
Investment management fees 69,045 69,045   0
Land surveyor 2,436 2,436   0


TY 2024 TaxesSchedule
Name:
Appelt Family Foundation
EIN:
20-8438048
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Excise tax 18,886 0   0
Foreign tax 1,918 1,918   0
Severence tax 64 64   0
Property taxes 53,994 53,994   0