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
BROOKS FAMILY FOUNDATION TRUST
 
Number and street (or P.O. box number if mail is not delivered to street address)1525 BLACK CHESTNUT DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILMINGTON, NC28405
A Employer identification number

85-6231940
B Telephone number (see instructions)

(915) 203-7511
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$9,814,536J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 211,513 136,011  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 452,521
b Gross sales price for all assets on line 6a 3,906,714
7 Capital gain net income (from Part IV, line 2)... 452,521
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
11,755 0  
12 Total. Add lines 1 through 11........ 675,789 588,532  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 2,900 725   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
5,500 5,500   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
3,151 3,151   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
90,187 90,187   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 101,738 99,563   0
25 Contributions, gifts, grants paid....... 500,000 500,000
26 Total expenses and disbursements. Add lines 24 and 25 601,738 99,563   500,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 74,051
b Net investment income (if negative, enter -0-) 488,969
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............. 1,652 759 759
2 Savings and temporary cash investments......... 194,202 207,232 207,232
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) 3,151,867 Click to see attachment
List of Attached Documents:
// Content
3,438,531 		3,371,807
b Investments—corporate stock (attach schedule)....... 5,274,230 Click to see attachment
List of Attached Documents:
// Content
5,049,568 		6,234,738
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 8,621,951 8,696,090 9,814,536
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 8,621,951 8,696,090
29 Total net assets or fund balances (see instructions)..... 8,621,951 8,696,090
30 Total liabilities and net assets/fund balances (see instructions). 8,621,951 8,696,090
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
8,621,951
2
Enter amount from Part I, line 27a .....................
2
74,051
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
88
4
Add lines 1, 2, and 3 ..........................
4
8,696,090
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
8,696,090
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 MERRILL LYNCH *5592 ST-COVERED      
b MERRILL LYNCH *5592 LT-COVERED      
c MERRILL LYNCH *5592 CAP GAIN DISTRIBUTIONS      
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 802,621   800,266 2,355
b 3,102,897   2,653,927 448,970
c 1,196     1,196
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       2,355
b       448,970
c       1,196
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 2 452,521
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 6,797
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 6,797
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 6,797
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,000
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 5,797
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 arrowKARIN CARSON Telephone no.right arrow (915) 203-7511

Located atright arrow1525 BLACK CHESTNUT DRIVEWILMINGTONNC ZIP+4right arrow28405
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
KARIN ARMEN CARSON TRUSTEE
1.50 		2,900 0 0
1525 BLACK CHESTNUT DRIVE
WILMINGTON,NC28405
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
MERRILL LYNCH PIERCE FENNER & SMITH INVESTMENT ADVISOR 90,187
4699 NORTH MESA STREET
EL PASO,TX79912
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
9,866,367
b
Average of monthly cash balances.......................
1b
62,770
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,929,137
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
9,929,137
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
148,937
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
9,780,200
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
489,010
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
489,010
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
6,797
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
6,797
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
482,213
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
482,213
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
482,213
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
500,000
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
500,000
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 7 482,213
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......  
b From 2020......  
c From 2021......  
d From 2022...... 32,237
e From 2023...... 12,006
f Total of lines 3a through e ........ 44,243
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 500,000
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..... 482,213
e Remaining amount distributed out of corpus 17,787
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 62,030
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) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		62,030
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 32,237
d Excess from 2023.... 12,006
e Excess from 2024.... 17,787
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

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM

210 WEST 7TH STREET
AUSTIN,TX78701 		  GOV FELLOWSHIP IN MUSIC 50,000

BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM

210 WEST 7TH STREET
AUSTIN,TX78701 		  GOV MUSIC FESTIVAL SERIES 100,000

EL PASO MATTERS

500 W OVERLAND AVE STE 20
EL PASO,TX79901 		  PC GENERAL SUPPORT 25,000

EL PASO PRO MUSICA

PO BOX 13328
EL PASO,TX79943 		  PC GENERAL SUPPORT 50,000

EL PASO SYMPHONY ORCHESTRA

PO BOX 180
EL PASO,TX79942 		  PC GENERAL SUPPORT 50,000

NEW MEXICO RAILS & TRAILS ASSOCIATION

PO BOX 44
CLOUDCROFT,NM88317 		  PC GENERAL SUPPORT 50,000

OTERO COUNTY ANIMAL SHELTER

1101 NEW YORK AVE
ALAMOGORDO,NM88310 		  GOV GENERAL SUPPORT 50,000

ANIMAL RESCUE LEAUGUE OF EL PASO

PO BOX 13055
EL PASO,TX79913 		  PC GENERAL SUPPORT 50,000

EL PASO COMMUNITY FOUNDATION

PO BOX 272
EL PASO,TX79943 		  PC GENERAL SUPPORT 75,000
Total .................................right arrow 3a 500,000
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 ........... 		         
4 Dividends and interest from securities ....     14 211,513  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 452,521  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a2023 TAX REFUND 		    01 11,755  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 675,789 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
675,789
(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.)
1 N/A
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING SERVICES 5,500 5,500   0

TY 2024 InvestmentsCorpStockSchedule
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 13,127 13,347
ABBVIE INC SHS 16,042 22,746
ACCENTURE PLC SHS 19,211 20,404
ADIDAS AG SPONSORED ADR 31,778 30,321
ADVNCD MICRO D INC 10,107 13,045
AIR LIQUIDE ADR 22,947 25,542
ALLSTATE CORP DEL COM 54,983 74,031
ALPHABET INC SHS CL A 92,191 108,090
AMAZON COM INC COM 41,353 64,062
AMER EXPRESS COMPANY 32,764 62,623
AMERICAN WTR WKS CO INC 12,171 10,706
AMERIPRISE FINL INC 12,385 23,959
AMGEN INC COM 13,849 15,378
AMN ELEC POWER CO 19,931 20,014
APPLE INC 52,947 82,639
APPLIED MATERIAL INC 14,602 18,702
ARISTA NETWORKS INC REG 7,053 6,963
ASML HLDG NV NY REG SHS 27,012 30,496
ASSURANT INC 5,789 7,463
ASTRAZENECA PLC SPND ADR 109,207 89,959
BAKER HUGHES CO 18,648 22,971
BARCLAYS PLC ADR 32,894 34,208
BEIERSDORF AG SHS 53,056 55,289
BJS WHSL CLUB HLDGS INC 5,390 6,880
BLACKROCK INC 91,098 133,264
BLUE OWL CAP INC 24,344 43,659
BOSTON SCIENTIFIC CORP 9,921 13,219
BRISTOL-MYERS SQUIBB CO 8,425 8,936
BROADCOM INC 10,652 41,731
BXP INC 6,761 7,585
CACI INTL INC CL A 8,639 13,738
CADENCE DESIGN SYS INC 52,579 67,303
CANADIAN NATL RAILWAY CO 65,431 57,252
CANADIAN PAC KANS CITY 63,013 56,304
CARDINAL HEALTH INC OHIO 7,651 8,870
CATERPILLAR INC DEL 16,286 29,384
CHEVRON CORP 29,066 25,347
CHURCH&DWIGHT CO INC 8,336 9,005
CINTAS CORP OHIO 11,997 22,289
CISCO SYSTEMS INC COM 5,260 5,565
CITIGROUP INC COM NEW 19,730 25,552
COMCAST CORP NEW CL A 42,045 39,782
COMPAGNIE DE SAINT-UNSP 45,441 49,025
CONOCOPHILLIPS 13,176 18,941
CONSOLIDATED EDISON INC 64,208 63,532
CSX CORP 41,763 41,757
DR HORTON INC 35,495 47,259
DANAHER CORP DEL COM 7,725 7,805
DEUTSCHE TELE AG SPN ADR 53,061 70,327
DIGITAL RLTY TR INC 68,669 104,270
EATON CORP PLC 28,223 44,802
ELF BEAUTY INC SHS 4,743 7,910
ELI LILLY & CO 43,394 68,708
EMCOR GROUP INC 5,649 24,057
EMERSON ELEC CO 85,303 107,571
EXXON MOBIL CORP COM 108,032 115,100
FABRINET 5,483 7,476
FISERV INC WISC PV 1CT 6,794 13,352
FIVE9 INC 5,143 5,121
FREEPORT-MCMORAN INC 50,601 38,651
GENL DYNAMICS CORP COM 41,712 43,212
GILEAD SCIENCES INC COM 74,409 77,406
GRAPHIC PACKAGING HLDG C 7,942 9,017
HARTFORD FINL SVCS GROUP 13,232 20,895
HCA HEALTHCARE INC 34,456 34,217
HEALTHPEAK PPTYS INC 7,931 8,007
HERSHEY COMPANY 17,811 15,242
HEWLETT PACKARD 54,311 65,651
HOME DEPOT INC 61,840 73,130
HOWMET AEROSPACE INC 4,637 6,562
HP INC 50,276 54,296
INFINEON TECHS AG SPDADR 37,414 31,619
INTAPP INC 5,188 6,986
INTESA SANPAOLO SPON ADR 21,137 35,428
INTL BUSINESS MACHINES 86,297 126,622
INTRPUBLIC GRP OF CO 34,906 27,235
INTUIT INC COM 12,668 15,084
ITRON INC 10,353 11,509
JOHNSON AND JOHNSON COM 19,895 15,764
JPMORGAN CHASE & CO 90,107 160,606
JULIUS BAER GROUP ADR 31,996 34,973
KE HOLDINGS INC SHS 20,073 15,215
KINDER MORGAN INC DEL 69,747 112,093
KRAFT (THE) HEINZ CO SHS 42,327 34,057
LABCORP HOLDINGS INC REG 9,711 10,090
LVMH MOET HENNESSY ADR 63,195 47,440
MANHATTAN ASSOCS INC 7,637 16,214
MARRIOTT INTL INC NEW A 10,539 17,294
MARSH & MCLENNAN COS INC 20,566 26,339
MARVELL TECH INC 46,342 58,870
MASTERCARD INC 60,806 79,512
MCDONALDS CORP COM 36,542 40,005
MEDTRONIC PLC SHS 84,576 68,218
MERCK AND CO INC SHS 12,101 9,451
META PLATFORMS INC 16,114 66,163
METLIFE INC COM 13,693 17,768
MGM RESORTS INTERNATIONL 6,298 6,757
MICROSOFT CORP 69,717 96,945
MID AMERICA APT CMNTYS 13,285 10,047
MOODY'S CORP 12,687 17,041
NASDAQ OMX GRP INC 5,266 5,334
NETFLIX COM INC 7,957 30,305
NEXTERA ENERGY INC SHS 8,916 9,463
NINTENDO LTD ADR 25,130 29,670
NOVO NORDISK A S ADR 56,566 58,838
NVIDIA 16,586 111,729
ORACLE CORP 9,050 17,497
OTIS WORLDWIDE CORP REG 37,830 34,821
OWENS CORNINGS INC 5,103 8,005
PALANTIR TECHNOLOGIES 6,498 8,244
PALO ALTO NETWORKS INC 5,763 13,283
PAYPAL HOLDINS INC SHS 5,005 5,975
PEPSICO INC 104,213 91,084
PFIZER INC 8,028 8,118
PNC FINCL SERVICES GROUP 9,331 13,885
PORTLAND GEN ELEC CO 6,342 5,147
PRINCIPAL FINANCIAL GRP 42,772 47,375
PROCTER & GAMBLE CO 29,414 30,680
PROLOGIS INC 9,736 7,399
PUB SVC ENTERPRISE GRP 65,803 71,648
PULTE GROUP 5,490 13,286
PURE STORAGE INC SHS 6,881 14,743
REALTY INCM CRP MD PV$1 35,129 27,079
RECRUIT HOLDINGS CO LTD 39,285 80,467
RELX PLC 49,440 49,871
REPUBLIC SERVICES INC 13,514 20,520
ROYAL CARIBBEAN GROUP 8,971 22,146
RTX CORP 70,005 68,506
SIMON PROPERTY GROUP DEL 63,530 72,156
SONY GROUP CORP 84,493 108,149
SOUTHERN COMPANY 10,728 12,183
SPOTIFY TECH SA REG 12,961 19,237
STD CHARTERED-UNSP 24,198 36,128
STRYKER CORP 9,688 13,682
SYNCHRONY FINL COM 26,697 56,030
SYNOPSYS INC 16,756 25,724
T-MOBILE US INC SHS 10,586 20,528
TAIWAN MANUFCTRING ADR 62,115 95,980
TARGET CORP COM 35,734 30,686
TAYLOR WIMPEY PLC ADR 43,176 29,856
TECK RESOURCES LTD CLS B 23,855 18,644
TENCENT HOLDINGS LTD ADR 55,033 79,079
TESLA INC 12,989 21,807
TETRA TECH INC NEW 8,951 12,589
TEXAS INSTRUMENTS 38,539 40,690
THERMO FISHER SCIENTIFIC 13,880 12,486
TJX COS INC NEW 10,640 13,531
TOAST INC REG SHS CL A 5,838 7,691
TRUIST FINL CORP 90,652 110,706
UBER TECHNOLOGIES INC 4,834 8,746
UNITEDHEALTH GROUP INC 99,939 91,055
UNITED PARCEL SVC CL B 8,198 7,944
VERTEX PHARMCTLS INC 16,254 15,303
VERTIV HLDG CO 4,231 13,179
WR BERKLEY CORP 10,068 11,294
WALMART INC 77,182 88,724
WELLS FARGO & CO 58,495 55,209
WELLTOWER INC 46,279 66,544
WILLIAMS COMPANIES DEL 57,473 96,983
WINTRUST FINL CP ILL COM 5,999 8,730
XCEL ENERGY INC 73,501 77,108
ZOETIS INC 9,065 7,984
ZOOM COMMUNICATIONS 5,895 7,509
ZSCALER INC 9,044 8,479

TY 2024 InvestmentsGovtObligationsSch
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
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:


3,438,531
State & Local Government Securities - End of Year Fair Market Value:


3,371,807


TY 2024 OtherExpensesSchedule
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 90,187 90,187   0


TY 2024 OtherIncomeSchedule2
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
2023 TAX REFUND 11,755   11,755


TY 2024 OtherIncreasesSchedule
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Description Amount
COST BASIS ADJUSTMENT 88


TY 2024 TaxesSchedule
Name:
BROOKS FAMILY FOUNDATION TRUST
EIN:
85-6231940
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 3,151 3,151   0