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
Betty Jane Seydler Foundation

Number and street (or P.O. box number if mail is not delivered to street address)1415 Louisiana 36th Floor
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Houston, TX77002

A Employer identification number

13-4294409

B Telephone number (see instructions)

(713) 220-9146

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

$13,874,260J 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)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	377,340		377,340
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		-122,741
b	Gross sales price for all assets on line 6a 3,400,818
7	Capital gain net income (from Part IV, line 2)...
8	Net short-term capital gain.........				10,960
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	26,154
12	Total. Add lines 1 through 11........	280,753		377,340	10,960
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	13,720	6,860		6,860
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	7,575	3,787		3,788
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	96,774	48,312		48,462
17	Interest...............
18	Taxes (attach schedule) (see instructions)...
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	30	30
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	118,099		58,989		59,110
25	Contributions, gifts, grants paid.......	480,000				480,000
26	Total expenses and disbursements. Add lines 24 and 25	598,099		58,989		539,110
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-317,346
b	Net investment income (if negative, enter -0-)			318,351
c	Adjusted net income (if negative, enter -0-)...				10,960

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.............	2,660,185	2,009,642	2,009,642
	2	Savings and temporary cash investments.........
	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)		List of Attached Documents: // Content 621,888	622,046
	b	Investments—corporate stock (attach schedule).......	3,966,947	List of Attached Documents: // Content 4,034,045	7,052,378
	c	Investments—corporate bonds (attach schedule).......	425,177	List of Attached Documents: // Content 1,164,818	1,108,942
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	3,965,858	List of Attached Documents: // Content 2,859,961	2,953,035
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )		List of Attached Documents: // Content 6	List of Attached Documents: // Content 128,217
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,018,167	10,690,360	13,874,260
	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
		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	11,018,167	10,690,360
	29	Total net assets or fund balances (see instructions).....	11,018,167	10,690,360
	30	Total liabilities and net assets/fund balances (see instructions).	11,018,167	10,690,360

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

11,018,167

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

-317,346

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

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

10,700,821

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

10,461

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

10,690,360

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	See Attached S/T Stmt	P	2024-04-18	2024-12-31
b	See Attached L/T Stmt	P	2022-04-18	2024-12-31
c	367 Aberdeen Physical Preicous Metals	P	2022-04-18	2024-06-03
d	Aberdeen Physical Preicous Metals	P	2022-04-18	2024-12-31
e	Capital Gain Dividends

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,400,152	2,389,192	10,960
b	901,801	1,098,106	-196,305
c	38,393	36,151	2,242
d	106	110	-4
e			60,366

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			10,960
b			-196,305
c			2,242
d			-4
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	-122,741
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	10,960

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	4,425
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	4,425
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	4,425
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	5,000
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	5,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
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	5,575
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax5,575	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

N/A

The books are in care of right arrow

Frost National Bank Telephone no. right arrow

(713) 388-1175

Located at right arrow

1700 Post Oak Blvd Ste 120HoustonTX ZIP+4 right arrow

77056

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
Randall E Evans	Foundation Mgr. 1.00	0
1415 Louisiana 36th Floor Houston,TX77002	Foundation Mgr. 1.00	0
Emily Amelio	Trustee 0.50	0
3726 Arnold Houston,TX77005	Trustee 0.50	0
Forrest E Caldwell	Trustee 0.50	0
501 E Boliver Bellaire,TX77401	Trustee 0.50	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
NONE









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
Frost Bank	Investment Mgmt	96,774
1700 Post Oak Blvd Suite 400 Houston,TX77056	Investment Mgmt	96,774

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

10,765,158

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

2,334,914

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

128,217

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

13,228,289

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

13,228,289

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

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

198,424

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

13,029,865

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

651,493

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

651,493

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

4,425

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

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

4,425

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

647,068

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

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

647,068

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

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

647,068

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 ..........

539,110

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. .......

539,110

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			647,068
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......		479,006
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: $ 539,110
a Applied to 2023, but not more than line 2a		479,006
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....			60,104
e Remaining amount distributed out of corpus
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
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 ..........			586,964
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 ......
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).)

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
Big Brothers Big Sisters 1003 Washington Houston,TX77002	none	501(c)(3)	General Fund	30,000
Christian Community Service Center 3230 Mercer Houston,TX77027	none	501(c)(3)	Capital Campaign	100,000
Houston Food Bank 535 Portwall St Houston,TX77029	none	501(c)(3)	General Fund	10,000
Houston Public Media Foundation 4343 Elgin Houston,TX77204	none	501(c)(3)	General Fund	10,000
Briarwood Brookwood Inc 1752 FM 1489 Rd Brookshire,TX77423	none	501(c)(3)	Charity and educational	5,000
First United Methodist Church 1320 Main St Houston,TX77002	none	501(c)(3)	Religious Charity	5,000
Habitat For Humanity 3750 N McCarty Houston,TX77029	none	501(c)(3)	Educational and Charity	10,000
Interfaith Ministeries Greater Hous 3303 Main Houston,TX77002	none	501(c)(3)	Charity	40,000
Salvation Army 1500 Austin St Houston,TX77002	none	501(c)(3)	Charity	10,000
St Luke's United Methodist Church 3471 Westheimer Rd Houston,TX77027	none	501(c)(3)	Religious Charity	10,000
Star of Hope 4848 Loop Central Dr 500 Houston,TX77081	none	501(c)(3)	Charity	5,000
One Child P O Box 62600 Colorado Springs,CO80962		501(c)(3)	General	5,000
Christian Broadcasting Network 977 CentervilleTurnpike Virginia Beach,VA23463		501(c)(3)	Charity	10,000
Samaritans Purse P O Box 3000 Boone,NC28607		501(C)(3)	Charity	5,000
Kids Meals 330 Garden Oaks Blvd Houston,TX77018		501 (C)(3	Charity	10,000
Camp Allen 18800 FM 362 Navasota,TX77868		501(c)(3)	General	10,000
Vanguard Charitable Endowment Fnd 2670 Warwick Ave Warwick,RI02889		501(c)(3)	Charity	185,000
Amazing Place 3735 Drexel Dr Houston,TX77027		501(c)(3)	General	5,000
Houston Zoo 6200 Hermann Park Dr Houston,TX77030		501(c)(3)	General	10,000
Patrons for Bellaire Parks 7008 5th Street Bellaire,TX77401		501(c)(3)	General	5,000
Total ................................. 3a				480,000

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 ...........
4 Dividends and interest from securities ....			14	377,340
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....			14	26,154
8 Gain or (loss) from sales of assets other than inventory ............		60,366			-183,107
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		60,366		403,494	-183,107

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

280,753

(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:	24020490
Software Version:	2024v5.2

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Accounting	7,575	3,787	0	3,788

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Name of Bond	End of Year Book Value	End of Year Fair Market Value
Frost Total Return Bond	698,402	678,523
Frost Credit Fund Inst	195,126	185,493
Principal Preferred Securities fund	50,728	45,073
Vanguard Infl-Protected Sec Adm	116,895	94,387
Artisan High Income Fd Instl	103,667	105,466

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Abbott Laboratories	27,824	26,128
Abbvie Inc	41,212	62,550
Alphabet Inc Cl C	38,252	52,371
Altria Group Inc	58,237	64,474
Amazon.com	67,524	83,807
American Express	41,167	71,823
Apple Inc	154,867	615,783
Berkshire Hathaway Cl B	55,196	89,296
Booking Holdings	32,227	74,526
Boston Scientific Corp	31,299	64,221
Broadcom Inc	67,625	329,214
Chevron Corp	73,999	108,485
Chipotie Mexican Grill	37,268	66,330
Cisco Systems	58,574	63,462
Corning Inc	50,239	58,877
Costco Wholesale	38,290	82,464
CVS Health
Danaher Corp	44,982	39,942
Eli Lilly & Co	32,291	101,132
Entergy Corp	57,403	82,795
Home Depot	46,488	55,237
Honeywell Int'l	45,252	44,500
Intl Business Machines	44,477	72,544
Johnson & Johnson	73,198	62,042
JPMorgan Chase	75,125	117,458
Marvell Technology	36,039	68,479
Meta Platforms	56,068	218,981
Microsoft Corp	95,160	123,078
Nvidia Corp	35,252	231,919
Omnicom Grp	43,006	50,075
Procter & Gamble	61,587	73,431
Qualcomm Inc	39,617	42,706
Servicenow Inc	65,809	120,854
Sherwin-Williams Co	17,807	21,076
Starbucks Corp	49,913	38,599
Travelers Companies Inc	56,965	87,202
Union Pacific Corp	75,023	78,446
United Parcel Cl B	76,224	47,035
Unitedhealth Grp	47,548	58,174
Valero Energy Corp New	74,850	143,063
Verizon Communications	75,461	54,266
Workday Inc Cl A	71,233	78,958
Zoetis Inc
Chubb Limited	60,135	97,258
Eaton Corp PLC	58,763	123,788
American Electric Power	56,448	58,566
Celanese Corp
ConocoPhillips	72,023	80,724
Lockheed Martin Corp	40,312	49,080
Snowflake Inc CL A	39,923	25,632
Walmart Inc	61,684	118,178
Coca Cola - 34594	1,119,080	2,156,313
CME Group Inc	48,379	64,328
Intuitive Surgical Inc	32,981	69,421
Thermo Fisher Scientic	29,844	30,694
Adobe Inc	2,189	1,779
Advanced Micro Devices Inc	1,439	1,087
Air Products & Chemicals Inc	2,368	2,610
Airbnb Inc	1,059	920
Alphabet Inc Cl A	9,452	9,654
Amgen Inc	2,189	1,824
Arthur J Gallagher & Co	4,666	5,109
At & T Inc	1,856	2,254
Atlassian Corp Cl A	523	730
Autmatic Data Processing	2,135	2,635
Bank of america	2,192	2,461
Best Buy Company	1,518	1,544
Blackstone Group Inc	3,717	5,173
Canadian Pacific Kansas City	1,425	1,303
CBOE Global Markets Inc	1,362	1,563
Centerppoint Energy	1,666	1,713
Charles River Laboratories	621	554
Cincinnati Financial	2,911	3,593
Clorox Co	1,368	1,624
Comcast Corp	1,918	1,876
Cummins Inc	3,928	4,880
D R Horton Inc	3,671	3,635
Datadog Inc Cl A	1,029	1,143
Diamondback Energy	2,589	2,130
Disney ( Walt)	1,531	1,670
Evergy Inc	1,060	1,231
ExxonMobilt	4,132	3,873
Fastenal Co	2,409	2,733
Floor & Decor Hldg	506	499
GE Aerospace	961	1,001
Geunine Parts Co	2,052	1,751
Globant SA	1,800	2,144
GSK PLC Spons ADR	2,008	1,759
Hess Coroporation	1,032	931
Intuit Inc	1,956	1,886
Kenvue Inc	1,536	1,772
KLA Corporation	4,084	3,151
Lam Research Corp	1,055	722
Lululemon Athletica Inc	922	1,147
Marathon Petroleum Corp	1,211	977
Marriott International Inc Class A	2,416	2,789
Mastercard Inc Cl A	4,883	5,792
McDonalds Corp	2,322	2,609
Medtronic PLC	2,219	2,237
Merck & Co	3,372	2,586
Monster Beverage Corp	1,771	1,840
Moodys Corp	2,092	2,367
Netflix Inc	2,053	2,674
Newmont Corp	2,312	2,047
Nike Inc Class B	662	530
O'Reilly Automative Inc	2,112	2,372
Oracle Corp	6,038	7,166
Pfizer Inc	1,167	1,114
Philip Morris Intl	1,524	1,805
Salesforce Inc	757	1,003
Spotify Technology	2,208	3,132
Target Corp	2,050	1,893
Tesla Inc	593	1,211
Texas Instruments Inc	3,293	3,188
TJX Companies	1,435	1,570
Uber Technologies Inc	2,671	2,292
Visa Inc Cl A	7,758	9,165
Warner Music Grp Cl A	2,141	2,170

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

US Government Securities - End of Year Book Value:

621,888

US Government Securities - End of Year Fair Market Value:

622,046

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

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

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
Cohen & Steers Instl Realty	AT COST
Invesco Kbw High Div	AT COST
Ishares S & P 500 Stk Index	AT COST	466,940	619,883
T Rowe Price Midcap Grwth	AT COST	774,105	645,209
Vanguard Mid Cap ETF	AT COST	656,465	728,206
Vanguard Small-Cap ETF	AT COST	328,316	358,498
American Tower Corp REIT	AT COST	35,050	22,743
Digital Realty Trust Inc REIT	AT COST	37,382	42,205
WP Carey Inc REIT	AT COST	50,228	34,159
Thornburg Inc Income Builder	AT COST	73,143	80,117
T Rowe Price Intl Disc Fd	AT COST
Ishares MSCI Eafe ETF	AT COST	437,350	421,072
Fidelity Emer Mkts Index	AT COST
Aberdeen Physical Precious Metals	AT COST
FlexShares Gibl Upstream	AT COST
Cubesmart REIT	AT COST	982	943

- TIN:

TY 2024 LegalFeesSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Legal Fees	13,720	6,860	0	6,860

- TIN:

TY 2024 OtherAssetsSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Rounding		2
Royalty Interest		4	128,217

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Description	Amount
Excise tax for 2024	5,000
Excise taxes 2023	2,106

- TIN:

TY 2024 OtherExpensesSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Wire Transfer Fee	30	30

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Other Investment Income	26,154

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

Betty Jane Seydler Foundation

EIN:

13-4294409

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Agency Fees	150	0	0	150
Agency Fees	96,624	48,312	0	48,312