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 LONG FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)40 N IH 35 SUITE 7C2
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78701

A Employer identification number

74-2916682

B Telephone number (see instructions)

(512) 479-4080

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

$11,230,517J 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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	150,533		150,533
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		828,383
b	Gross sales price for all assets on line 6a 2,130,081
7	Capital gain net income (from Part IV, line 2)...			828,383
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	994	994
12	Total. Add lines 1 through 11........	979,910		979,910
13	Compensation of officers, directors, trustees, etc.	90,432		9,043	81,389
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......	7,232		723	6,509
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	7,678	0	7,678
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	97,684	95,289	2,395
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	19,250	2,849	15,552
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	15,056		1,506	13,550
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	9,033	1,038	7,995
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	246,365		110,448	135,068
25	Contributions, gifts, grants paid.......	338,000			338,000
26	Total expenses and disbursements. Add lines 24 and 25	584,365		110,448	473,068
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	395,545
b	Net investment income (if negative, enter -0-)			869,462
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	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.........	264,057	183,048	183,048
	3	Accounts receivable
		Less: allowance for doubtful accounts
	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)	12,905	List of Attached Documents: // Content 6,957	6,915
	b	Investments—corporate stock (attach schedule).......	5,143,435	List of Attached Documents: // Content 5,735,464	9,189,366
	c	Investments—corporate bonds (attach schedule).......	26,117	List of Attached Documents: // Content 3,210	12,807
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,223,488	List of Attached Documents: // Content 1,116,899	1,332,538
	14	Land, buildings, and equipment: basis 158,460
		Less: accumulated depreciation (attach schedule)	158,460	List of Attached Documents: // Content 158,460	505,843
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,828,462	7,204,038	11,230,517
	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........	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	6,828,462	7,204,038
	29	Total net assets or fund balances (see instructions).....	6,828,462	7,204,038
	30	Total liabilities and net assets/fund balances (see instructions).	6,828,462	7,204,038

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

6,828,462

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

395,545

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

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

7,224,007

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

19,969

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

7,204,038

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
1 a	PUBLICLY TRADED SECURITIES
b	CAPITAL GAINS DIVIDENDS	P
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	2,080,051	1,301,698	778,353
b	50,030		50,030
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			778,353
b			50,030
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	828,383
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	12,086
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	12,086
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	12,086
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	1,360
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	16,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	17,360
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	45
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	5,229
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax5,229	Refunded	11	0

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

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

WWW.LONGFOUNDATION.ORG

The books are in care of right arrow

THE LONG FOUNDATION Telephone no. right arrow

(512) 479-4080

Located at right arrow

40 N IH 35 SUITE 7C2AUSTINTX ZIP+4 right arrow

78701

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)

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)

(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
JOE R LONG	PRESIDENT/DIRECTOR 5.00	0	0
40 N IH 35 SUITE 7C2 AUSTIN,TX78701	PRESIDENT/DIRECTOR 5.00	0	0
KALLY A LONG	DIRECTOR 1.00	0	0
40 N IH 35 SUITE 7C2 AUSTIN,TX78701	DIRECTOR 1.00	0	0
RUBY LU ANN LONG	DIRECTOR 1.00	0	0
40 N IH 35 SUITE 7C2 AUSTIN,TX78701	DIRECTOR 1.00	0	0
MITCHELL A LONG	SEC./TREAS./DIR./EXECUTIVE DIRECTOR 40.00	90,432	7,232
40 N IH 35 SUITE 7C2 AUSTIN,TX78701	SEC./TREAS./DIR./EXECUTIVE DIRECTOR 40.00	90,432	7,232

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...................				0

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
JOWERS PONDER & ASSOCIATES	INVESTMENT MANAGEMENT	95,023
3455 PEACHTREE RD NE STE 1000 ATLANTA,GA30326	INVESTMENT MANAGEMENT	95,023

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

10,053,270

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

266,790

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

75,876

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

10,395,936

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

10,395,936

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

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

155,939

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

10,239,997

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

512,000

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

512,000

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

12,086

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

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

12,086

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

499,914

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

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

499,914

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

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

499,914

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 ..........

473,068

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. .......

473,068

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				499,914
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			443,175
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: $ 473,068
a Applied to 2023, but not more than line 2a			443,175
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.....				29,893
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 ..........				470,021
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)

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).)

JOE R LONG

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MITCHELL A LONG EXECUTIVE DIRECTOR
40 N IH 35 SUITE 7C2
AUSTIN,TX78701
(512) 479-4080

bThe form in which applications should be submitted and information and materials they should include:

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

cAny submission deadlines:

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE ORGANIZATION'S WEBSITE: WWW.LONGFOUNDATION.ORG

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
ANTHROPOS ARTS PO BOX 685000 AUSTIN,TX78768	N/A	PC	GRANT SUPPORTING YOUTH MUSIC PROGRAM	10,000
ASSISTANCE LEAGUE OF AUSTIN 4901 BURNET ROAD AUSTIN,TX78756	N/A	PC	GRANT SUPPORTING OPERATION WISH LIST PROGRAM	10,000
AUSTIN CLASSICAL GUITAR PO BOX 4072 AUSTIN,TX78765	N/A	PC	GRANT SUPPORTING AUSTIN AREA SCHOOL-BASED GUITAR PROGRAM	20,000
AUSTIN PARTNERS IN EDUCATION PO BOX 6118 AUSTIN,TX78762	N/A	PC	GRANT SUPPORTING MATH CLASSROOM COACHING PROGRAM	10,000
AUSTIN SOUNDWAVES PO BOX 28251 AUSTIN,TX78755	N/A	PC	GRANT TO ADVANCE MUSICIAN PROGRAM INCLUDING COLLEGE ASSISTANCE	20,000
AVANCE-AUSTIN PO BOX 19105 AUSTIN,TX78760	N/A	PC	GRANT SUPPORTING PARENT-CHILD PROGRAM	20,000
BOOKSPRING PO BOX 153024 AUSTIN,TX78715	N/A	PC	GENERAL SUPPORT GRANT FOR VARIOUS PROGRAMS	10,000
BREAKTHROUGH AUSTIN 1050 EAST 11TH STREET SUITE 350 AUSTIN,TX78702	N/A	PC	GRANT SUPPORTING SUMMER PROGRAMS	15,000
CAPITAL IDEA PO BOX 1784 AUSTIN,TX78767	N/A	PC	GRANT SUPPORTING 2-YEAR DEGREE PROGRAM	10,000
CASA OF TRAVIS COUNTY 7600 CHEVY CHASE DRIVE SUITE 200 AUSTIN,TX78752	N/A	PC	SUPPORTING SPANISH-SPEAKING VOL. ADVOCATES	15,000
CENTER FOR CHILD PROTECTION 8509 FM 969 BUILDING 2 AUSTIN,TX78724	N/A	PC	GRANT SUPPORTING FAMILY ADVOCATE PROGRAM	10,000
COLLEGE POSSIBLE-TEXAS PO BOX 142308 AUSTIN,TX78714	N/A	PC	GRANT SUPPORTING AUSTIN AREA PROGRAM	15,000
CON MI MADRE 1825 FORTVIEW ROAD SUITE 114 AUSTIN,TX78704	N/A	PC	GENERAL SUPPORT GRANT FOR AUSTIN AREA PROGRAM	15,000
E3 ALLIANCE 5930 MIDDLE FISKVILLE ROAD SUITE 507 AUSTIN,TX78752	N/A	PC	GRANT SUPPORTING EMERGENCY BRIDGE FUNDING PROGRAM	15,000
FOUNDATION COMMUNITIES 3000 S IH-35 SUITE 300 AUSTIN,TX78704	N/A	PC	GRANT SUPPORTING COLLEGE HUB PROGRAM	20,000
GIRL EMPOWERMENT NETWORK PO BOX 3122 AUSTIN,TX78764	N/A	PC	GRANT SUPPORTING GIRL CONNECT PROGRAM AT SELECTED AREA SCHOOLS	10,000
PELOTONU 1201 HACKBERRY STREET AUSTIN,TX78702	N/A	PC	GRANT SUPPORTING ONLINE COLLEGE DEGREE PROGRAM	18,000
SAFE ALLIANCE PO BOX 19454 AUSTIN,TX78760	N/A	PC	GRANT SUPPORTING SUMMER EDUCATION PROGRAM	15,000
SUSTAINABLE FOOD CENTER 2921 EAST 17TH STREET BUILDING C AUSTIN,TX78702	N/A	PC	GRANT SUPPORTING BILINGUAL SPANISH-LANGUAGE PROGRAMMING	10,000
THE LONG CENTER FOR THE PERFORMING ARTS 701 W RIVERSIDE DRIVE AUSTIN,TX78704	N/A	PC	SPONSORSHIP GRANT FOR THE TERESA LOZANO LONG DAY OPEN HOUSE COMMUNITY CELEBRATION	10,000
TODOS JUNTOS LEARNING CENTER PO BOX 41213 AUSTIN,TX78704	N/A	PC	GRANT SUPPORTING EARLY CHILDHOOD EDUCATION PROGRAM	10,000
UNIVERSITY OF TEXAS FOUNDATION FBO LITERACY FIRST PO BOX 250 AUSTIN,TX78767	N/A	PC	GRANT SUPPORTING LITERACY FIRST'S READING PROGRAM	20,000
UNIVERSITY OF TEXAS FOUNDATION FBO UTEACH PO BOX 250 AUSTIN,TX78767	N/A	PC	GRANT SUPPORTING UTEACH INTERNSHIP PROGRAM	10,000
UNIVERSITY OF TEXAS-RIO GRANDE VALLEY 701 E EXPRESSWAY 83 BOX 13 MCALLEN,TX78501	N/A	GOV	MEDICAL SCHOOL SCHOLARSHIPS	20,000
Total ................................. 3a				338,000

bApproved for future payment

Total ................................. 3b				0

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 ...........
4 Dividends and interest from securities ....			14	150,533
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	828,383
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME			01	994
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		979,910	0

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

979,910

(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:

TY 2024 AccountingFeesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	7,678	0		7,678

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Name of Bond	End of Year Book Value	End of Year Fair Market Value
FHLMC CMO 2013 4153 YD 02.000%	1,387	12,656
SBA 5219 83 ABS 2013	1,823	151

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOT LABS	70,476	69,223
ABBOT LABS	28,747	30,653
ABBVIE INC SHS	21,006	24,523
ABBVIE INC SHS	48,547	72,146
ACCENTRUE PLC SHS	24,158	28,143
ACCENTURE PLC SHS	63,571	90,058
ALIBABA GROUP HOLDING LT	35,295	24,165
ALPHABET INC SHS CL A	12,206	112,066
ALPHABET INC SHS CL C	10,646	98,648
AMAZON COM INC	36,974	230,579
AMD ARN ISS HSBC	125,000	107,650
AMER EXPRESS COMPANY	13,391	25,524
AMER EXPRESS COMPANY	49,379	99,128
AMERICAN TOWER REIT INC	58,816	56,490
AMPHENOL CORP CL A NEW	56,338	63,130
ANALOG DEVICES INC COM	22,877	29,107
AON PLC REG SHS	21,510	34,120
APPLE INC	65,425	250,921
AUTODESK INC	14,092	101,676
BARRICK GOLD CORPORATION	169,159	77,500
BLOCK INC	46,821	36,886
BOEING COMPANY	32,730	29,205
BOEING COMPANY	150,888	154,875
BROADCOM INC	66,290	164,606
CHEVRON CORP	42,727	58,381
CHUBB LTD	13,211	23,762
CIGNA COPR REG SHS	38,926	43,906
CITIGROUP INC COM NEW	14,855	20,765
COMCAST CORP NEW CL A	56,853	52,655
CONOCOPHILLIPS	25,967	35,205
DEERE CO	5,871	17,795
DIAGEO PLC SPSD ADR NEW	23,511	19,578
DISNEY (WALT) CO COM STK	98,362	95,650
DOMINION ENERGY INC	36,807	30,970
DUKE ENERGY CORP	26,008	29,629
EASTERLY GOVT PROPERTIES INC SHS	238,925	136,320
EATON CORP PLC	8,190	19,248
EATON CORP PLC	42,528	70,688
ELEVANCE HEALTH INC	47,561	46,481
EXPEDITORS INTL WASH INC	12,903	37,440
EXXON MOBIL CORP COM	38,888	36,897
EXXON MOBIL CORP COM	62,582	63,789
FACTSET RESH SYS INC	9,209	41,304
FIDELITY MSCI UTILITIES	502,851	643,032
GENL DYNAMICS CORP COM	22,722	26,349
GOLDMAN SACHS GROUP INC	89,366	151,744
HONEYWELL INTL INC DEL	45,163	56,247
ILLINOIS TOOL WORKS INC	15,205	20,031
ILLUMINA INC	60,695	33,408
INTUITIVE SURGICAL INC	17,174	51,674
JOHNSON AND JOHNSON	29,984	27,189
JPMORGAN CHASE & CO	30,207	52,496
JPMORGAN CHASE & CO	91,034	161,804
JPMORGAN CHASE & CO	69,286	117,937
KENVUE INC	20,258	18,745
KKR & CO INC	11,716	25,736
KLA CORP	8,575	15,753
LINDE PLC REG SHS	56,240	85,409
LOWE'S COMPANIES INC	17,511	23,199
LOWE'S COMPANIES INC	19,005	63,674
MARRIOTT INTL INC NEW A	14,978	24,268
MARSH & MCLENNAN COS INC	12,285	23,790
MARSH & MCLENNAN COS INC	43,578	68,608
MASTERCARD INC	73,057	95,836
MCDONALDS CORP COM	66,622	75,951
MCKESSON CORPORATION COM	17,038	41,603
META PLATFORMS INC CLASS A COMMON STOCK	44,197	266,993
MICROSOFT CORP	104,344	244,516
MICROSOFT CORP	11,178	151,319
MONDELEZ INTERNATIONAL INC	22,058	18,576
MONDELEZ INTERNATIONAL INC	38,297	39,959
MONSTER BEVERAGE SHS	18,832	80,417
MORGAN STANLEY	21,240	32,059
MOTOROLA SOLUTIONS INC	53,443	98,455
NASDAQ OMX GRP INC	12,507	19,714
NESTLE S A REP RG	21,435	15,768
NETFLIX COM INC	77,910	215,699
NEWMONT CORPORATION	111,472	122,826
NEXTERA ENERGY INC SHS	57,252	73,912
NIKE INC CL B	31,040	31,100
NORTHROP GRUMMAN CORP	38,720	39,890
NOVARTIS ADR	30,352	34,740
NOVO NORDISK A S ADR	40,737	30,451
NOVO NORDISK A S ADR	22,360	56,601
NVIDIA	10,076	337,068
NXP SEMICONDUCTORS N.V.	16,940	16,836
ORACLE CORP $0.01	36,778	169,306
PACCAR INC	28,056	30,894
PACKAGING CORP AMERICA	9,966	13,733
PAYPAL HOLDINGS INC SHS	41,939	33,543
PEPSICO INC	24,935	24,330
PEPSICO INC	38,154	41,512
PFIZER INC	35,171	24,248
PHILIP MORRIS INTL INC	44,752	62,221
PROGRESSIVE CRP OHIO	20,815	47,443
PROLOGIS INC	31,301	28,011
PROLOGIS INC	68,932	63,949
QUALCOMM INC	19,357	50,848
REGENERON PHARMACTCLS	31,091	56,986
ROCHE HLDG LTD SPN ADR	30,070	27,137
RTX CORP	18,294	25,574
S&P GLOBAL INC	52,393	63,250
SALESFORCE COM INC	52,502	114,007
SEI INVT CO PA PV $0.01	15,798	43,055
SHOPIFY INC CL A	48,768	87,829
SMURFIT WESTROCK LTD REG	20,577	20,521
SOUTHERN COMPANY	21,686	28,977
STARBUCKS CORP	35,747	33,945
STARBUCKS CORP	37,742	51,830
TARGET CORP	13,938	13,518
TAIWAN S MANUFCTRING ADR	60,451	81,563
TESLA INC	155,129	332,764
TEXAS INSTRUMENTS	18,760	27,939
THERMO FISHER SCIENTIFIC	43,005	41,098
TJX COS INC NEW	45,760	68,016
TRANE TECHNOLOGIES PLC	29,769	62,420
UNION PACIFIC CORP	23,243	26,453
UNION PACIFIC CORP	36,528	44,012
UNITEDHEALTH GROUP INC	66,759	93,584
VERTEX PHARMCTLS INC	45,578	82,151
VISA INC CL A SHRS	26,489	171,926
WALMART INC	46,686	83,212
WEC ENERGY GROUP INC SHS	49,767	59,245
WORKDAY INC CL A	16,133	30,964
YUM BRANDS INC	11,920	31,528
YUM CHINA HOLDINGS INC	5,965	13,488
ZOETIS INC	67,594	59,469

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

THE LONG FOUNDATION

EIN:

74-2916682

US Government Securities - End of Year Book Value:

6,957

US Government Securities - End of Year Fair Market Value:

6,915

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 LONG FOUNDATION

EIN:

74-2916682

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
BLACKSTONE REAL ESTATE INCOME TRUST INC	AT COST	284,912	360,229
PARTNERS GROUP PRIVATE EQ MASTER FD LLC CL I	AT COST	577,196	719,252
STARWOOD REAL ESTATE INCOME TRUST INC	AT COST	254,791	253,057

- TIN:

TY 2024 LandEtcSchedule2

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
CONDOMINIUM	158,460	0	158,460	505,843

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Description	Amount
ACCRUED INTEREST	19,969

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK FEES	309	309	0
INSURANCE	3,243	324	2,919
ADMINISTRATIVE EXPENSE	1,344	16	1,328
SUPPLIES	247	0	247
MAINTENANCE	3,890	389	3,501

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME	994	994	994

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	95,023	95,023	0
PAYROLL SERVICES	2,278	228	2,050
PROPERTY VALUATION CONSULTANT	383	38	345

- TIN:

TY 2024 TaxesSchedule

Name:

THE LONG FOUNDATION

EIN:

74-2916682

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
REAL ESTATE TAXES	10,340	1,034	9,306
FOREIGN TAXES	1,121	1,121	0
EXCISE TAX	848	0	0
PAYROLL TAXES	6,941	694	6,246