TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
The Swan Family Charitable Foundation

% Mr Kenneth Swan

Number and street (or P.O. box number if mail is not delivered to street address)PO Box 395
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Jacksboro, TX76458

A Employer identification number

20-3954964

B Telephone number (see instructions)

(940) 567-1080

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$14,706,482J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check .............
3	Interest on savings and temporary cash investments	81,852		81,852
4	Dividends and interest from securities...	503,482		498,937
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		344,059
b	Gross sales price for all assets on line 6a 8,076,637
7	Capital gain net income (from Part IV, line 2)...			344,059
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).......	List of Attached Documents: // Content	88	88
12	Total. Add lines 1 through 11........	929,481		924,936
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	69,341	69,341
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	11,558	1,958
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	44,104			44,104
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	125,003		71,299		44,104
25	Contributions, gifts, grants paid.......	590,624				590,624
26	Total expenses and disbursements. Add lines 24 and 25	715,627		71,299		634,728
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	213,854
b	Net investment income (if negative, enter -0-)			853,637
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	1,167,700	814,353	814,353
	3	Accounts receivable
		Less: allowance for doubtful accounts	4,618
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	585,672	List of Attached Documents: // Content 602,518	623,311
	b	Investments—corporate stock (attach schedule).......	9,433,793	List of Attached Documents: // Content 10,738,766	12,482,747
	c	Investments—corporate bonds (attach schedule).......	750,000
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	309,418	List of Attached Documents: // Content 309,418	786,071
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	12,251,201	12,465,055	14,706,482
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	12,251,201	12,465,055
	29	Total net assets or fund balances (see instructions).....	12,251,201	12,465,055
	30	Total liabilities and net assets/fund balances (see instructions).	12,251,201	12,465,055

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

12,251,201

Enter amount from Part I, line 27a .....................

213,854

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

12,465,055

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

12,465,055

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
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,076,637	7,732,578	344,059
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			344,059
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	344,059
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	11,866
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	11,866
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	11,866
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	10,523
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	1,700
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	12,223
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	357
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax357	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

Mr Kenneth Swan Telephone no. right arrow

(940) 567-1080

Located at right arrow

730 S MainJacksboroDE ZIP+4 right arrow

76458

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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
Kori Lewis	Dir, VP 1.0	0	0	0
PO Box 395 Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kasey Swan	Dir, VP 1.0	0	0	0
PO Box 395 Jacksboro,TX76458	Dir, VP 1.0	0	0	0
Kenneth R Swan	Pres, Dir, Sec 2.0	0	0	0
PO Box 395 Jacksboro,TX76458	Pres, Dir, Sec 2.0	0	0	0
Rebecca Swan	Dir, VP 2.0	0	0	0
PO Box 395 Jacksboro,TX76458	Dir, VP 2.0	0	0	0

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










Total number of other employees paid over $50,000...................

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
UBS Financial Services	Investment Mgmt	69,341
4400 Post Oak Parkway 20th Fl HOUSTON,TX77027	Investment Mgmt	69,341

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

12,562,424

Average of monthly cash balances.......................

1,362,977

Fair market value of all other assets (see instructions)................

786,071

Total (add lines 1a, b, and c).........................

14,711,472

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

14,711,472

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

220,672

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

14,490,800

Minimum investment return. Enter 5% (0.05) of line 5................

724,540

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.)

Minimum investment return from Part IX, line 6..................

724,540

Tax on investment income for 2024 from Part V, line 5 .......

11,866

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

11,866

Distributable amount before adjustments. Subtract line 2c from line 1............

712,674

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

712,674

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

712,674

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

634,728

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

634,728

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7				712,674
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			625,928
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 634,728
a Applied to 2023, but not more than line 2a			625,928
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....				8,800
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				703,874
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		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....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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).)

Kenneth R Swan

Rebecca Swan

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
1HOPE MINISTRIES INTERNATIONAL PO BOX 18534 ANAHEIM,CA92817	N/A	PC	to support funding of: the ABH, MBH, and the Pretoria West Church Property	10,000
B Pryor 1709 Timber Lane Jacksboro,TX76458	None	I	Hardship Assistance Grant	5,000
BIO-MEDICAL FOUNDATION 206 THORNTON TRL JACKSBORO,TX76458	N/A	PC	General & Unrestricted	10,000
CONCERNED CITIZENS OF JACK CO INC 400 E PINE ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	87,500
DIFFERENT DAY FOUNDATION 801 DELLWOOD ST STE 100 PMB 2 BRYAN,TX77802	N/A	PC	General & Unrestricted	5,000
E Hammond 1007 W Mesquite Street Jacksboro,TX76458	NONE	I	Hardship Assistance Grant	5,000
FIRST BAPTIST CHURCH 200 N KNOX ST JACKSBORO,TX76458	N/A	PC	To be used for helping fund a resource library for families per a conversation with Craig Hayes	5,000
FREED PEOPLE 824 S CROWLEY RD CROWLEY,TX76036	N/A	PC	Safe Place for recovered children and women	20,000
FRIENDS OF FORT RICHARDSON ASSOCIATION PO BOX 201 JACKSBORO,TX76458	N/A	PC	Bathhouse fund	20,000
GLADYS JOHNSON RITCHIE PUBLIC LIBRARY INC 626 W COLLEGE ST JACKSBORO,TX76458	N/A	PC	General & Unrestricted	11,858
H Reger 236 Fields Lane Jacksboro,TX76458	NONE	I	Short-term Emergency Assistance Grant	6,500
HORNS 4 HOPE PO BOX 414 SANTO,TX76472	N/A	PC	General & Unrestricted	5,000
JACK COUNTY FAIR ASSOCIATION PO BOX 486 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	49,950
JACK COUNTY MUSEUM ASSOCIATION PO BOX 861 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	3,316
JACKSBORO PARISH PO BOX 716 JACKSBORO,TX76458	N/A	PC	for turf on the playground	10,000
JACKSBORO YOUTH SPORTS ASSOCIATION 241 MARK ST JACKSBORO,TX76458	N/A	PC	to support Baseball and Softball	35,000
LOVE LIKE YOU MEAN IT INTL 932 FORGOTTEN LN BURLESON,TX76028	N/A	PC	General & Unrestricted	10,000
OAK STREET BAPTIST CHURCH 505 1ST ST GRAHAM,TX76450	N/A	PC	Open Door Graham Building Fund	5,000
PROJECT 4031 INC 708 MAY ST FORT WORTH,TX76104	N/A	PC	General & Unrestricted	5,000
RED ANGUS STAKEHOLDERS FOUNDATION 18335 E 103RD AVE UNIT 202 COMMERCE CITY,CO80022	N/A	PC	The Texas Junior Red Angus Association	5,000
SOUTH TEXAS CHILDRENS HOME MINISTRIES 9243 FM 2617 PETTUS,TX78146	N/A	PC	General & Unrestricted	5,000
STANDING TOGETHER ON METH PREVENTION PO BOX 425 JACKSBORO,TX76458	N/A	PC	General & Unrestricted	5,000
T Ward 4950 FM 2190 Jacksboro,TX76458	NONE	I	Short-term Emergency Assistance Grant	6,500
TARLETON STATE UNIVERSITY FOUNDATION INC BOX T0950 STEPHENVILLE,TX76402	N/A	PC	The Tarleton State Rodeo Endowment Fund	5,000
TARLETON STATE UNIVERSITY FOUNDATION INC BOX T0950 STEPHENVILLE,TX76402	N/A	PC	to support Aeronautical Engineering and the Baseball Locker Room Project	250,000
TEXAS HOME SCHOOL COALITION INC PO BOX 6747 LUBBOCK,TX79493	N/A	PC	General & Unrestricted	2,500
TRAILS PRESERVATION ALLIANCE 1821 56TH AVE STE A4 GREELEY,CO80634	N/A	PC	General & Unrestricted	2,500
Total ................................. 3a				590,624

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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	81,852
4 Dividends and interest from securities ....			14	503,482
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	344,059
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aBANK FEE REFUND			01	88
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				929,481

13Total. Add line 12, columns (b), (d), and (e)..................

929,481

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

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

TY 2024 DepreciationSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Net Investment Income	Adjusted Net Income	Cost of Goods Sold Not Included

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Name of Stock	End of Year Book Value	End of Year Fair Market Value
3I GROUP PLC ADR	42,796	46,782
3M CO	49,649	59,381
AB HIGH INCOME MUNI CL ADV	267,147	267,399
ABBOTT LABS	26,856	28,617
ABBVIE INC	43,107	48,690
ADOBE SYSTEMS, INC	55,868	44,468
ADVANCED MICRO DEVICES INC	35,169	43,364
ADYEN N.V.	28,377	32,604
ALLSTATE CORP	47,601	48,776
ALPHABET INC CL A	105,317	159,769
AMAZON COM	145,336	268,314
AMERICAN EXPRESS CO	41,209	76,869
AMERICAN TOWER REIT INC	44,817	35,215
AMERIPRISE FINANCIAL INC	9,861	33,011
AON PLC CL A	19,770	23,705
APPLE INC	136,581	252,924
ARCH CAPITAL GROUP LTD	26,710	37,586
ASM INTERNATIONAL NV	15,105	26,750
ASML HOLDING NV NY REG SHS	57,474	80,397
ASTRAZENECA	85,584	83,669
ATLASSIAN CORP CL A	25,234	34,073
BAE SYSTEMS PLC	29,155	31,895
BANK NEW YORK MELLON CORP COM	38,792	38,492
BANK OF NOVA SCOTIA CG-GEARS S	500,001	603,999
BARCLAYS BANK L/O CYN RTY SPX	200,000	199,200
BARCLAYS BANK L/O CYN RTY SPX	350,000	352,799
BARCLAYS BANK PLC L/O TC-CYN R	200,000	202,600
BARCLAYS BANK SPX SX5E - 12/03	400,001	394,399
BOSTON SCIENTIFIC	20,385	45,821
BROADCOM INC	103,970	248,301
CANADIAN IMPERIAL BANK SPX SX5	200,000	204,040
CANADIAN IMPERIAL BANK UO TC-C	150,000	152,190
CANADIAN NATURAL RESOURCES LTD	25,234	24,511
CANADIAN PACIFIC RAILWAY LTD	25,407	38,790
CHIPOTLE MEX GRILL	34,417	49,386
CITIGROUP GLOBAL MARKETS CB-GE	325,000	332,799
CITIGROUP GLOBAL MKTS L/O TC-C	200,000	196,200
CITIGROUP RYT 10/13/2027	190,000	187,720
CITIGROUP RYT SPX 07/27/2027	370,000	367,409
CME GROUP, INC	20,848	27,403
COMPASS GROUP PLC ADR	27,318	32,314
CONOCOPHILLIPS	40,559	32,429
COUPANG ORD SHS CL A	33,831	35,058
EATON VANCE EMERGING MARKETS D	86,111	80,888
ELI LILLY & CO	46,983	99,588
EMERSON ELECTRIC CO	23,900	30,859
EQUITY RESIDENTIAL PPTYS TR	44,372	45,855
EXPERIAN GROUP LTD S/ADR	10,949	22,946
EXXON MOBIL CORP	88,382	86,594
FEDERATED TOTAL RETURN BOND FU	271,109	267,670
FEDEX CORPORATION	10,635	10,972
FERGUSON PLC	21,076	25,341
FERRARI NV	26,871	55,229
GOLDMAN SACHS GROUP	50,965	80,167
GUGGENHEIM TOTAL RETURN BOND F	99,690	93,242
HOME DEPOT INC	39,523	43,956
ICICI BK LTD ADS	24,564	33,115
ICON PLC - AMERICAN DEPOSITARY	45,606	44,249
INTUIT	31,160	45,252
INTUITIVE SURGICAL	24,908	53,762
JOHNSON & JOHNSON	72,789	65,368
JP MORGAN CHASE	55,409	90,131
JPMORGAN 04/28/2028 SPX	200,000	196,600
JPMORGAN 07/06/2028 SPX	250,000	248,000
JPMORGAN CHASE FIN L/O TC-CYN	385,000	373,449
JPMORGAN CHASE FINANCIAL CO LL	300,000	296,100
LINDE PLC COM	81,226	104,668
LOCKHEED MARTIN CORP	41,855	40,819
LORD ABBET INCOME CLASS I	161,754	160,425
MASTERCARD INC	62,584	81,092
MCDONALD'S CORP	47,367	48,991
MEITUAN DIANPING UNSPONSORED A	59,084	45,563
MERCADOLIBRE, INC	21,740	25,507
MERCK & CO INC	52,986	41,583
META PLATFORMS INC	98,650	193,218
MICROSOFT CORP	176,829	389,044
MITSUBISHI HEAVY INDUSTRIES LT	36,774	42,334
MONDAY.COM LTD	27,029	29,430
MORGAN STANLEY	52,248	74,175
NORFOLK SOUTHERN CORP	54,294	53,042
NORTHEAST UTIL	25,785	24,128
NOVO NORDISK A S	38,821	61,590
NVIDIA CORP	225,579	270,326
O'REILLY AUTOMOTIVE INC	14,739	40,317
ORACLE CORP	84,122	99,651
PALO ALTO NETWORKS INC	27,670	44,762
PARKER HANNIFIN CP	28,354	41,342
PERFORMANCE TRUST TOTAL RETURN	87,768	79,937
PROCTER GAMBLE CO	62,334	70,748
PROGRESSIVE CORP OHIO	47,471	53,433
PROLOGIS	36,674	33,613
RAYTHEON TECHNOLOGIES CORP	67,734	73,019
RECURRENT MLP & INFRASTRUCTURE	77,171	115,066
ROLLS ROYCE GRP PLC S/ADR	45,621	43,853
S&P GLOBAL INC COM	18,897	27,392
SAFRAN SA - UNSPON ADR	49,904	56,735
SALESFORCE.COM	33,413	62,520
SAP AKTIENGESELL ADS	52,907	52,935
SCHNEIDER ELEC UNSP/ADR	20,632	34,847
SEA LTD	40,596	57,931
SEMPRA ENERGY COM	37,952	36,228
SHERWIN-WILLIAMS CO	32,968	45,891
SMNEY	34,512	36,401
SPOTIFY TECHNOLOGY SA	34,224	52,791
STARBUCKS CORP COM	45,681	44,074
STERIS PLC	20,864	34,329
SYSCO CORP	40,975	37,618
TAIWAN SEMICONDUCTOR MFG CO LT	54,531	75,836
THERMO FISHER SCIENTIFIC INC	32,654	32,254
TJX COMPANIES INC	36,115	68,983
TRANSDIGM GRP INC	35,497	39,286
TRAVELERS COMPANIES INC	22,553	29,148
UBS AG	29,475	29,228
UBS AG CB-GEARS RTY 03/25/2026	250,000	261,250
UBS AG L/O TC-CYN RTY SPX SXSE	300,000	293,400
UNION PACIFIC	32,156	32,838
UNITEDHEALTH GROUP INC	119,655	115,842
VERIZON COMMUNICATIONS	26,596	25,354
VISA INC	61,805	102,397
VOYA SEPARATE PORTFOLIOS TR SE	269,959	269,674
WAL-MART STORES INC	57,562	98,662
WASTE CONNECTIONS	18,126	22,649
WELLS FARGO & CO	47,136	70,380
YUM BRANDS INC	32,670	34,747

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

US Government Securities - End of Year Book Value:

602,518

US Government Securities - End of Year Fair Market Value:

623,311

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

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
MILLENNIUM INTERNATIONAL HEDGE		309,418	786,071

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Administrative Fees	44,079			44,079
State or Local Filing Fees	25			25

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Bank Fee Refund	88	88

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Investment Management Services	69,341	69,341

- TIN:

TY 2024 ReasonableCauseExplanation

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Explanation:

We respectfully request that The Swan Family Charitable Foundation's quarterly estimated taxes for taxable year ending December 31, 2024 be treated as timely and request that the $18 penalty indicated on Form 2220 be abated because the underpayments in Q3 and Q4 were due to reasonable cause. Treasury Regulations Sec 301.6651-1(c)(1) defines reasonable by asking whether the taxpayer exercised ordinary business care and prudence. The Foundation exercised care and prudence in seeking a reputable firm knowledgeable about exempt organizations to calculate its quarterly estimates for tax period ending December 31, 2024. The firm was unable to reconcile the Foundation's accounts fully in order to calculate the necessary estimated tax payments for Q3 and Q4 based on the annualization method. The underpayment was no fault of the foundation's and the firm is enhancing its procedures to improve its reconciliation process for future quarters. We believe that the underpayment was due to reasonable cause and in no way due to an intentional disregard for the rules, and respectfully request that no 2220 penalty be assessed.

- TIN:

TY 2024 TaxesSchedule

Name:

The Swan Family Charitable Foundation

EIN:

20-3954964

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024	9,600
Foreign Tax Paid	1,958	1,958