Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
STILL WATER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)1606 SAN ANTONIO STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
AUSTIN, TX78701
A Employer identification number

47-3532637
B Telephone number (see instructions)

(512) 861-8031
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$147,119,911J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 4,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 251,901 251,901  
4 Dividends and interest from securities... 932,850 932,850  
5a Gross rents............ 166,798 166,798  
b Net rental income or (loss) -148,244
6a Net gain or (loss) from sale of assets not on line 10 496,638
b Gross sales price for all assets on line 6a 5,810,373
7 Capital gain net income (from Part IV, line 2)... 496,638
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,792,846 12,199,956  
12 Total. Add lines 1 through 11........ 14,645,033 14,048,143  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 588,393 229,391   296,457
14 Other employee salaries and wages...... 437,950 35,991   287,533
15 Pension plans, employee benefits....... 56,959 12,341   37,498
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
836,417 491,701   70,243
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
186,669 5,173   5,173
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
46,592 46,592   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
476,598 110,806   31,406
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
116,992 48,296  
20 Occupancy.............. 49,282 27,903   0
21 Travel, conferences, and meetings....... 179,992 179,992   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
766,085 623,201   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,741,929 1,811,387   728,310
25 Contributions, gifts, grants paid....... 9,698,500 19,756,834
26 Total expenses and disbursements. Add lines 24 and 25 13,440,429 1,811,387   20,485,144
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,204,604
b Net investment income (if negative, enter -0-) 12,236,756
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............   2 2
2 Savings and temporary cash investments......... 13,024,315 4,756,744 4,756,744
3 Accounts receivable right arrow16,021
Less: allowance for doubtful accounts right arrow   875,000 16,021 16,021
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow1,106,799
Less: allowance for doubtful accounts right arrow0 430,699 Click to see attachment
List of Attached Documents:
// Content
1,106,799 		1,106,799
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   14,650 14,650
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 35,872,616 Click to see attachment
List of Attached Documents:
// Content
39,907,859 		39,907,859
c Investments—corporate bonds (attach schedule)....... 6,704,221 Click to see attachment
List of Attached Documents:
// Content
3,725,130 		3,725,130
11 Investments—land, buildings, and equipment: basis right arrow4,406,214
Less: accumulated depreciation (attach schedule) right arrow128,429 3,966,530 Click to see attachment
List of Attached Documents:
// Content
4,277,785 		4,277,785
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 89,612,799 Click to see attachment
List of Attached Documents:
// Content
92,403,738 		92,403,738
14 Land, buildings, and equipment: basis right arrow141,126
Less: accumulated depreciation (attach schedule) right arrow65,381 87,104 Click to see attachment
List of Attached Documents:
// Content
75,745 		75,745
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
693,550 		Click to see attachment
List of Attached Documents:
// Content
835,438 		Click to see attachment
List of Attached Documents:
// Content
835,438
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 151,266,834 147,119,911 147,119,911
Liabilities 17 Accounts payable and accrued expenses.......... 80,421 34,733
18 Grants payable................. 24,868,334 14,810,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
17,189 		Click to see attachment
List of Attached Documents:
// Content
14,982
23 Total liabilities (add lines 17 through 22)......... 24,965,944 14,859,715
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 126,300,890 132,260,196
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 126,300,890 132,260,196
30 Total liabilities and net assets/fund balances (see instructions). 151,266,834 147,119,911
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
126,300,890
2
Enter amount from Part I, line 27a .....................
2
1,204,604
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,760,937
4
Add lines 1, 2, and 3 ..........................
4
132,266,431
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,235
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
132,260,196
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NESTLE SA CHF1     2024-01-29
b CLARIVATE PLC     2024-02-02
c FERGUSON PLC NEW     2024-02-02
d INTUIT INC     2024-02-02
e IQVIA HOLDINGS INC     2024-02-02
MARTIN MARIETTA MATERIAL     2024-02-02
META PLATFORMS INC CLASS A     2024-02-02
MICROSOFT CORP     2024-02-02
PALO ALTO NETWORKS     2024-02-02
SHERWIN WILLIAMS CO     2024-02-02
APTIV PLC     2024-02-15
CLARIVATE PLC     2024-02-15
CLARIVATE PLC     2024-02-29
CATALENT INC     2024-03-04
BALL CORP     2024-02-02
ALPHABET INC. CLASS     2024-03-05
MARTIN MARIETTA MATERIAL     2024-03-12
APTIV PLC     2024-04-24
EQUINIX INC REIT     2024-04-26
PAYPAL HOLDINGS INCORPOR     2024-05-28
SHERWIN WILLIAMS CO     2024-05-28
ENTEGRIS INC     2024-06-03
BALL CORP     2024-06-26
BALL CORP     2024-07-15
PAYPAL HOLDINGS INCORPOR     2024-07-23
CHARLES SCHWAB CORP     2024-07-25
IQVIA HOLDINGS INC     2024-09-16
PALO ALTO NETWORKS     2024-09-16
CAPITAL GAINS FROM K-1'S P   2024-12-31
ALPHABET INC. CLASS     2024-03-06
RETURN OF CAPITAL P   2024-12-31
AMAZON.COM INC     2024-02-02
BAKER HUGHES CO. CLASS A     2024-01-29
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD ADR     2024-04-16
LONZA GROUP AG CHF 1     2024-04-18
SPDR GOLD SHARES US$     2024-04-18
AON PLC     2024-05-08
POOL CORPORATION     2024-06-27
AMPHENOL CORPORATION     2024-06-28
POOL CORPORATION     2024-06-28
SPDR GOLD SHARES US$     2024-07-02
INTUITIVE SURGICAL INC     2024-08-28
JPMORGAN CHASE COM     2024-08-28
AMPHENOL CORPORATION     2024-08-28
NOVO NORDISK A/S     2024-11-28
COCA-COLA     2024-12-03
ALPHABET INC. CLASS     2024-02-02
ESTEE LAUDER CO INC CLASS A     2024-06-27
WALT DISNEY CO     2024-06-27
KUHNE & NAGEL INTERNATIONAL - NAMEN     2024-01-11
SCHINDLER HOLDING-     2024-01-12
ALPHABET-A     2024-01-26
VANGUARD VALUE ETF     2024-01-26
VANGUARD VALUE ETF     2024-03-31
LOGITECH INTERNATIONAL - NAMEN     2024-06-05
DANONE     2024-03-27
DANONE     2024-04-02
COMPASS GROUP PLC     2024-04-03
ESSILORLUXOTTICA     2024-04-03
DANONE     2024-06-05
PROGRESSIVE CO OHIO     2024-01-08
NIKE INC CLASS     2024-06-27
CAPITAL LOSS ON TERMINATION OF PARTNERSHIP P   2024-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 195,032   230,262 -35,230
b 54,596   90,930 -36,334
c 29,659   20,091 9,568
d 41,888   27,361 14,527
e 32,521   43,034 -10,513
9,202   7,936 1,266
7,504   7,481 23
24,503   20,365 4,138
30,920   17,046 13,874
22,011   18,065 3,946
26,481   37,435 -10,954
14,922   15,919 -997
92,221   97,509 -5,288
181,236   149,466 31,770
31,304   49,699 -18,395
69,386   73,768 -4,382
75,299   55,555 19,744
100,982   140,167 -39,185
206,986   220,103 -13,117
104,795   126,396 -21,601
76,183   62,724 13,459
31,556   18,136 13,420
54,832   63,064 -8,232
187,954   167,251 20,703
95,650   96,452 -802
223,314   222,485 829
20,760   24,312 -3,552
51,859   30,600 21,259
    85,988 -85,988
42,065   46,490 -4,425
4,054     4,054
36,483   39,831 -3,348
196,797   198,974 -2,177
264,197   138,916 125,281
180,446   39,009 141,437
214,583   170,115 44,468
211,277   151,765 59,512
60,229   85,194 -24,965
42,523   28,437 14,086
62,840   88,356 -25,516
41,998   43,156 -1,158
55,513   40,334 15,179
87,850   55,058 32,792
35,050   27,921 7,129
56,221   41,698 14,523
196,105   201,280 -5,175
8,346   8,653 -307
47,865   93,836 -45,971
100,855   100,407 448
44,759   28,514 16,245
60,704   47,063 13,641
60,287   40,802 19,485
73,358   76,793 -3,435
52,079   48,982 3,097
51,657   58,770 -7,113
306,858   303,822 3,036
132,272   132,238 34
188,383   124,162 64,221
192,928   114,482 78,446
279,715   275,235 4,480
214,315   167,557 46,758
102,398   52,702 49,696
    23,583 -23,583
11,807     11,807
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       -35,230
b       -36,334
c       9,568
d       14,527
e       -10,513
      1,266
      23
      4,138
      13,874
      3,946
      -10,954
      -997
      -5,288
      31,770
      -18,395
      -4,382
      19,744
      -39,185
      -13,117
      -21,601
      13,459
      13,420
      -8,232
      20,703
      -802
      829
      -3,552
      21,259
      -85,988
      -4,425
      4,054
      -3,348
      -2,177
      125,281
      141,437
      44,468
      59,512
      -24,965
      14,086
      -25,516
      -1,158
      15,179
      32,792
      7,129
      14,523
      -5,175
      -307
      -45,971
      448
      16,245
      13,641
      19,485
      -3,435
      3,097
      -7,113
      3,036
      34
      64,221
      78,446
      4,480
      46,758
      49,696
      -23,583
      11,807
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 496,638
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 170,091
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........................... 3 170,091
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- ..... 5 170,091
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 233,086
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 383,086
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
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.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 212,995
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow212,995 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowPAM LAWRENCE Telephone no.right arrow (512) 861-8031

Located atright arrow1606 SAN ANTONIO STREETAUSTINTX ZIP+4right arrow78701
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowUK, SZ
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JULIA M WILKINSON CHAIRMAN/PRESIDENT
5.00 		0 0 0
1606 SAN ANTONIO STREET
AUSTIN,TX78701
JAMES A FLIELLER TREASURER
8.00 		156,360 0 0
3129 HONEY TREE LANE
AUSTIN,TX78746
DUNCAN E OSBORNE VP/SECRETARY
12.00 		0 0 0
3800 N LAMAR BLVD STE 350
AUSTIN,TX78756
ELLEN O RAY CEO
55.00 		432,033 28,480 0
3405 SHINOAK DRIVE
AUSTIN,TX78731
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
KATHRYN SAUER PROGRAM OFFICER
40.00 		117,631 0 0
6000 SHEPHERD MOUNTAIN CV 608
AUSTIN,TX78730
LISA M JACOBS PROGRAM ASSOCIATE
40.00 		90,885 0 0
2212 DEL CURTO ROAD UNIT A
AUSTIN,TX78704
REBECCA L TORRENCE OFFICE MANAGER
40.00 		84,462 0 0
8610 TIP TOP DR
JONESTOWN,TX78645
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
OSBORNE HELMAN SCOTT KNISELY & STANTON LEGAL 746,490
3800 N LAMAR BLVD STE 350
AUSTIN,TX78756
SW MITCHELL CAPITAL INVESTMENT MANAGEMENT FEES 140,746
38 JERMYN STREET
LONDON   SW1Y 6DN
UK
PERSONAL ADMINISTRATORS INC ADMINISTRATIVE & ACCOUNTING 103,454
3939 BEE CAVE ROAD C-100
AUSTIN,TX78746
CONDLEY & COMPANY LLP AUDIT & TAX SERVICES 83,515
PO BOX 2993
ABILENE,TX79604
TERRY MCDANIEL & CO INVESTMENT MANAGEMENT FEES 79,535
2630 EXPOSITION BLVD STE 300
AUSTIN,TX78703
Total number of others receiving over $50,000 for professional services.............right arrow3
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
42,993,223
b
Average of monthly cash balances.......................
1b
6,494,913
c
Fair market value of all other assets (see instructions)................
1c
98,612,433
d
Total (add lines 1a, b, and c).........................
1d
148,100,569
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
148,100,569
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,221,509
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
145,879,060
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,293,953
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
7,293,953
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
170,091
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
170,091
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,123,862
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,123,862
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
7,123,862
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
20,485,144
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
20,485,144
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 7,123,862
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 6,984,307
b From 2020...... 7,854,956
c From 2021...... 939,678
d From 2022...... 6,659,984
e From 2023...... 5,225,833
f Total of lines 3a through e ........ 27,664,758
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 20,485,144
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 7,123,862
e Remaining amount distributed out of corpus 13,361,282
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 41,026,040
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		6,984,307
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		34,041,733
10 Analysis of line 9:
a Excess from 2020.... 7,854,956
b Excess from 2021.... 939,678
c Excess from 2022.... 6,659,984
d Excess from 2023.... 5,225,833
e Excess from 2024.... 13,361,282
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
JULIA M WILKINSON
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ABILENE HERITAGE SQUARE

PO BOX 1699
ABILENE,TX79604 		NONE PC CULTURAL - TO SUPPORT THE REVITALIZATION PROJECT. 500,000

ABILENE ZOOLOGICAL SOCIETY

2070 ZOO LN
ABILENE,TX79602 		NONE PC CHARITABLE - TO SUPPORT A BOLD ADVENTURE CAPITAL CAMPAIGN 500,000

ALVORD PUBLIC LIBRARY

109 N WICKHAM ST
ALVORD,TX76225 		NONE PC CHARITABLE - FOR NEW FURNISHINGS 23,000

AMARILLO AREA FOUNDATION

919 S POLK ST
AMARILLO,TX79101 		NONE PC CHARITABLE - TO SUPPORT DISASTER RELIEF 50,000

AUSTIN CHAMBER MUSIC CENTER

7600 BURNET ROAD SUITE 190
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

AUSTIN CLASSICAL GUITAR

PO BOX 4072
AUSTIN,TX78765 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

AUSTIN CLASSICAL GUITAR

PO BOX 4072
AUSTIN,TX78765 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 10,000

AUSTIN COMMUNITY FOUNDATION

4315 GUADALUPE STREET SUITE 300
AUSTIN,TX78751 		NONE PC CHARITABLE - TO SUPPORT THE FRIENDS OF THE ELIZABETH NEY MUSEUM 95,000

AUSTIN FILM SOCIETY

1901 E 51ST ST
AUSTIN,TX78723 		NONE PC CHARITABLE - FOR CINEMA EXHIBITION PROGRAM. 50,000

AUSTIN FOUNDATION FOR ARCHITECTURE

801 WEST 12TH ST
AUSTIN,TX78701 		NONE PC CHARITABLE - GENERAL SUPPORT. 45,000

AUSTIN HISTORY CENTER

810 GUADALUPE ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR MASTER PLAN DEVELOPMENT. 25,000

AUSTIN PBS

6101 HIGHLAND CAMPUS DR BLDG 3000
AUSTIN,TX78752 		NONE PC GENERAL - FOR GENERAL OPERATING SUPPORT 50,000

BARTON SPRINGS CONSERVANCY

603 W 13TH ST STE 2-F
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT BARTON SPRINGS BATHHOUSE CONSTRUCTION. 100,000

BIG MEDIUM

916 SPRINGDALE RD BLDG 2 101
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR THE GROWTH FUND. 50,000

BLANTON MUSEUM OF ART

200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CULTURAL - FOR PRINT AQUISITIONS AND PRINT PROGRAMMING. 100,000

BLANTON MUSEUM OF ART

200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CULTURAL - FOR THE GROUNDS REDEVELOPMENT CAPITAL CAMPAIGN. 1,000,000

BLANTON MUSEUM OF ART

200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR THE LARRY FAULKNER EXCELLENCE FUND. 125,000

BROOKWOOD IN GEORGETOWN

905 N CHURCH ST
GEORGETOWN,TX78626 		NONE PC CHARITABLE - BIG'S CAPITAL CAMPAIGN. 250,000

CAMPO GARZON

20400 GARZON
COSTA JOSE IGNACIO,DEPARTAMENTO DE M  
UY 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 7,500

CASETA

PO BOX 3726
SAN ANGELO,TX76902 		NONE PC CHARITABLE - TO SUPPORT THE 2025 SYMPOSIUM. 20,000

CIBOLO CENTER FOR CONSERVATION

140 CITY PARK ROAD
BOERNE,TX78006 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

CITY OF PADUCAH - COTTLE COUNTY FRIENDS OF THE COMMUNITY PADUCAH TX

PO BOX 283
PADUCAH,TX79248 		NONE PC CHARITABLE - FOR PADUCAH SWIMMING POOL. 75,000

CONFLUENCE ZEN CENTER

7112 ST JAMES SQUARE
ST LOUIS,MO63143 		NONE PC CHARITABLE - TRANSLATION OF TRANSMISSION OF ILLUMINATION. 40,000

CONSPIRARE

1812 CENTRE CREEK DR STE 110
AUSTIN,TX78754 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

CONTEMPORARY AUSTIN

700 CONGRESS AVE
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

CONTEMPORARY AUSTIN

700 CONGRESS AVE
AUSTIN,TX78701 		NONE PC CHARITABLE - TO SUPPORT THE 2024 ART DINNER. 20,000

DECATUR COUNTY PUBLIC LIBRARY

1700 S FM 51
DECATUR,TX76234 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 25,000

DOWN HOME RANCH

20250 FM 619
ELGIN,TX78621 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

FANNIE BROWN BOOTH MEMORIAL LIBRARY

619 TENAHA ST
CENTER,TX75935 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 30,000

FOUNDATION COMMUNITIES

3000 S I-35 STE 300
AUSTIN,TX78704 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

GILBERT & SULLIVAN

PO BOX 684542
AUSTIN,TX78768 		NONE PC CHARITABLE - TO SUPPORT SUMMER 2024 PRODUCTION OF THE YEOMEN OF THE GUARD. 25,000

HARDIN-SIMMONS UNIVERSITY

2200 HICKORY ST
ABILENE,TX79601 		NONE PC EDUCATIONAL - TO SUPPORT NEW NURSING FACILITIES. 1,000,000

HARRY RANSOM CENTER

300 W 21ST ST
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR ELIZABETH OLDS EXHIBITION AND ANSEL ADAMS EXHIBITION. 50,000

HEADWATERS AT THE COMAL

333 E KLINGEMANN ST
NEW BRAUNFELS,TX78130 		NONE PC CHARITABLE - IN SUPPORT OF THE PHASE 2 CAPITAL CAMPAIGN. 50,000

HENDRICK HEALTH

1900 PINE ST
ABILENE,TX79601 		NONE PC CHARITABLE - TO SUPPORT WEST TEXAS CARE COLLABORATIVE. 500,000

HILL COUNTRY ALLIANCE

PO BOX 151675
AUSTIN,TX78715 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 120,000

HILL COUNTRY CONSERVANCY

PO BOX 163125
AUSTIN,TX78716 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

HOUSTON ZEN CENTER

1605 HEIGHTS BLVD
HOUSTON,TX77008 		NONE PC CHARITABLE - TO SUPPORT STRATEGIC AND MASTER PLAN. 65,000

HUMANITIES TEXAS

1410 RIO GRANDE ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR EMERGENCY RETAINER WALL REPLACEMENT 40,000

JAMES DICK FOUNTATION FOR THE PERFORMING ARTS

PO BOX 89
ROUNT TOP,TX78954 		NONE PC CHARITABLE - TO SUPPORT POETRY AT ROUND TOP FESTIVAL 10,000

JOLLY GREENS

871 CORONADO CENTER DR STE 200
HENDERSON,NV89052 		NONE PC CHARITABLE - GENERAL OPERATING SUPPORT 25,000

KMFA CLASSICAL 895

41 NAVASOTA ST
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR THE DEAR MUSIC CAPITAL CAMPAIGN. 100,000

LAND TRUST ALLIANCE

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		NONE PC CHARITABLE - TO BE USED FOR GENERAL OPERATING SUPPORT. 60,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN

2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 1,000,000

LANDMARKS - THE UNIVERSITY OF TEXAS AT AUSTIN

2616 WICHITA ST
AUSTIN,TX78712 		NONE PC CULTURAL - FOR GENERAL OPERATING SUPPORT. 225,000

MD ANDERSON CANCER CENTER

PO BOX 301439
HOUSTON,TX77230 		NONE PC CHARITABLE - TO SUPPORT THE BREAST CANCER RESEARCH. 100,000

MINDPOP

7112 BURNET RD UNIT B
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 200,000

OLD JAIL ART CENTER

201 SOUTH 2ND STREET
ALBANY,TX76430 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

PERMIAN BASIN AREA FOUNDATION

3312 ANDREWS HWY
MIDLAND,TX79703 		NONE PC CHARITABLE - STILL WATER FOUNDATION II DONOR-ADVISED FUND. 625,000

PHILANTHROPY ADVOCATES

PO BOX 660327
AUSTIN,TX78766 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

PRESERVATION AUSTIN

3805 RED RIVER ST
AUSTIN,TX78751 		NONE PC CHARITABLE - FOR THE CAPITAL CAMPAIGN 100,000

PRESERVATION TEXAS

PO BOX 3514
SAN MARCOS,TX78667 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

PRINTAUSTIN COLLECTIVE

916 SPRINGDALE ROAD BLDG 1 UNIT 218
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 15,000

PROJECT SCHOOLHOUSE

PO BOX 609
AUSTIN,TX78767 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

RETINA FOUNDATION

9600 N CENTRAL EXPY SUITE 200
DALLAS,TX75231 		NONE PC EDUCATION - TO SUPPORT AGE-RELATED MACULAR DEGENERATION RESEARCH. 250,000

SAFE ALLIANCE

PO BOX 19454
AUSTIN,TX78760 		NONE PC CHARITABLE - TO SUPPORT THE SAFE TOGETHER EVENT 10,000

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 278,000

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - TO SUPPORT THE TASAJARA WINTER 2024 PRACTICE. 280,000

SAN FRANCISCO ZEN CENTER

300 PAGE STREET
SAN FRANCISCO,CA94102 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 2,833,334

SCENIC TEXAS

406 E 11TH ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

SCHLEICHER COUNTY PUBLIC LIBRARY

400 W MURCHISON AVE
ELDORADO,TX76936 		NONE PC CHARITABLE - FOR NEW FURNISHINGS. 30,000

SCHOOL OF CIVIC LEADERSHIP

302 W 24TH ST
AUSTIN,TX78705 		NONE PC CHARITABLE - GENERAL OPERATING SUPPORT. 125,000

SHOAL CREEK CONSERVANCY

PO BOX 11520
AUSTIN,TX78711 		NONE PC CHARITABLE - MATCH EPA AWARD. 20,000

SKYSTONE FOUNDATION

28 S BEAVER STREET
FLAGSTAFF,AZ86001 		NONE PC CHARITABLE - FOR THE RODEN CRATER LEADERSHIP CIRCLE. 100,000

ST JOHN'S COLLEGE

1160 CAMINO CRUZ BLANCA
SANTA FE,NM87505 		NONE PC EDUCATIONAL - TO SUPPORT FINANCIAL AID FOR THE STUDENTS ON THE SANTA FE CAMPUS. 250,000

ST LOUISE HOUSE

PO BOX 150637
AUSTIN,TX78715 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 120,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE ANNUAL FUND 500,000

ST STEPHEN'S EPISCOPAL SCHOOL

6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - FOR THE CAPITAL CAMPAIGN. 3,000,000

SUSTAINABLE FOOD CENTER

2921 E 17TH ST BLDG C
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

TALITHA KOUM INSTITUTE

1311 CLAY AVE
WACO,TX76706 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 75,000

TEXAN BY NATURE

3500 JEFFERSON ST STE 301
AUSTIN,TX78731 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 125,000

TEXAS AGRICULTURAL LAND TRUST

1919 OAKWELL FARMS PKWY 100
SAN ANTONIO,TX78218 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 150,000

TEXAS BEEF INITIATIVE

PO BOX 189
DRIPPING SPRINGS,TX78720 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 65,000

TEXAS BOOK FESTIVAL

1023 SPRINGDALE RD
AUSTIN,TX78721 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

TEXAS SCIENCE & NATURAL HISTORY MUSEUM

2400 TRINITY ST
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR GLEN ROSE DINOSAUR TRACKWAYS 250,000

TEXAS STATE HISTORY MUSEUM FOUNDATION

PO BOX 12456
AUSTIN,TX78711 		NONE PC EDUCATIONAL - FOR 2024 TEXAS INDEPENDENCE DAY DINNER. 25,000

TEXAS STATE UNIVERSITY DEVELOPMENT FOUNDATION

601 UNIVERSITY DRIVE
SAN MARCOS,TX78666 		NONE PC EDUCATIONAL - TO SUPPORT THE MUSICAL THEATER SCHOLARSHIPS AND DANCE PRODUCTIONS. 40,000

THE GRACE MUSEUM

102 CYPRESS ST
ABILENE,TX79601 		NONE PC CHARITABLE - FOR ART STORAGE RENOVATION PROJECT. 25,000

THE WALLACE THEATER

823 HOUSTON ST
LEVELLAND,TX79336 		NONE PC CHARITABLE - FOR CAPITAL CAMPAIGN. 30,000

TREEFOLKS

PO BOX 1395
DEL VALLE,TX78617 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

UNIVERSITY OF AUSTIN (CICERO RESEARCH)

2112 RIO GRANDE ST
AUSTIN,TX78705 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 300,000

UT SCHOOL OF ARCHITECTURE

310 INNER CAMPUS DR
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR LANDSCAPE FIRST CONFERENCE. 190,000

UT SCHOOL OF ARCHITECTURE

310 INNER CAMPUS DR
AUSTIN,TX78712 		NONE PC EDUCATIONAL - TO ESTABLISH THE GORDON WHITE, MD, GRADUATE FELLOWSHIP. 50,000

WACO FOUNDATION

1227 N VALLEY MILLS DR 235
WACO,TX76710 		NONE PC CHARITABLE - FOR THE TEXAS RURAL FUNDERS ADMINISTRATIVE FUND 50,000

WATER FINANCE EXCHANGE

1455 PENNSYLVANIA AVE NW STE 400
WASHINGTON,DC20004 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 60,000

WATER FOUNDATION

3335 WATT AVE STE B PMB 233
SACRAMENTO,CA95821 		NONE PC CHARITABLE - IN SUPPORT OF THE TEXAS WELLSPRING FUND. 100,000

WATERLOO GREENWAY CONSERVANCY

1111 RED RIVER ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 750,000

WEST TEXAS REHAB CENTER

4601 HARTFORD ST
ABILENE,TX79605 		NONE PC CHARITABLE - TO SUPPORT CAPITAL CAMPAIGN. 1,000,000

WILDLIFE HABITAT FEDERATION

PO BOX 75
CAT SPRING,TX78933 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

WILLIAM COUNTY HISTORICAL MUSEUM

716 S AUSTIN AVE
GEORGETOWN,TX78626 		NONE PC CHARITABLE - FOR THE STONES ARE SPEAKING. 100,000
Total .................................right arrow 3a 19,756,834
bApproved for future payment

ABILENE HERITAGE SQUARE
PO BOX 1699
ABILENE,TX79604 		NONE PC CULTURAL - TO SUPPORT THE REVITALIZATION PROJECT. 4,500,000

ALL KIND ANIMAL INITIATIVE
610 E SOUTH 11TH ST
ABILENE,TX79602 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 5,000

AUSTIN CHAMBER MUSIC CENTER
7600 BURNET ROAD SUITE 190
AUSTIN,TX78757 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 30,000

BLANTON MUSEUM OF ART
200 E MARTIN LUTHER KING JR BLVD
AUSTIN,TX78712 		NONE PC CHARITABLE - FOR GENERAL OPERATIONS 125,000

BROOKLYN ZEN CENTER
326 CLINTON ST
BROOKLYN,NY11231 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

CASA MARIANELLA
821 GUNTER ST
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 330,000

COMMUNITY FOUNDATION OF ABILENE
850 N 1ST ST
ABILENE,TX79601 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 5,000

GLASSTIRE MAGAZINE
PO BOX 1489
HOUSTON,TX77251 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 25,000

SANTA FE CHAMBER MUSIC FESTIVAL
PO BOX 2227
SANTA FE,NM87504 		NONE PC CULTURAL - TO SUPPORT THE ANNUAL DONOR FUND. 35,000

SCHOOL OF CIVIC LEADERSHIP
302 W 24TH ST
AUSTIN,TX78705 		NONE PC CHARITABLE - FOR GENERAL OPERATIONS 625,000

ST STEPHEN'S EPISCOPAL SCHOOL
6500 ST STEPHENS DRIVE
AUSTIN,TX78746 		NONE PC EDUCATIONAL - TO SUPPORT THE SCHOOL'S ENDOWMENT. 8,000,000

SUSTAINABLE FOOD CENTER
2921 E 17TH ST BLDG C
AUSTIN,TX78702 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 40,000

TOUCHSTONES DISCUSSION PROJECT
143 LOG CANOE CIR
STEVENSVILLE,MD21666 		NONE PC CHARITABLE - TO SUPPORT BUSINESS PLAN DEVELOPMENT FOR LONG TERM SUSTAINABILITY. 250,000

WACO FOUNDATION
1227 N VALLEY MILLS DR 235
WACO,TX76710 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 50,000

WATERLOO GREENWAY CONSERVANCY
1111 RED RIVER ST
AUSTIN,TX78701 		NONE PC CHARITABLE - FOR GENERAL OPERATING SUPPORT. 750,000
Total ................................. right arrow 3b 14,810,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 251,901  
4 Dividends and interest from securities ....     14 932,850  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -148,244  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 12,199,956  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 496,638  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME-UBI PORTION 		211100 592,890      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 592,890 13,733,101 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
14,325,991
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & TAX SERVICES 83,215 0   0
ACCOUNTING SERVICES 103,454 5,173   5,173

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

TY 2024 DepreciationSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
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
COMPUTERS 2019-05-14 6,790 6,338 SL 5.000000000000 452 0    
FURNITURE AND FIXTURES 2019-06-03 48,525 22,241 SL 10.000000000000 4,853 0    
LEASEHOLD IMPROVEMENTS 2019-06-11 80,614 24,631 SL 15.000000000000 5,374 0    
DUPLEX LAND 2020-01-21 931,974   L   0 0    
OFFICE BUILDING LAND 2020-01-21 1,015,256   L   0 0    
RESTAURANT LAND 2020-01-21 1,070,778   L   0 0    
DUPLEX BUILDING 2020-01-21 412,659 40,405 SL 40.000000000000 10,316 10,316    
OFFICE BUILDING 2020-01-21 310,140 30,369 SL 40.000000000000 7,754 7,754    
RESTAURANT BUILDING 2020-01-21 252,435 24,718 SL 40.000000000000 6,311 6,311    
DUPLEX HVAC 2020-05-27 26,700 2,392 SL 40.000000000000 668 668    
DUPLEX IMPROVEMENTS 2020-10-12 9,600 780 SL 40.000000000000 240 240    
OFFICE BUILDING HVAC 2020-04-02 24,720 2,318 SL 40.000000000000 618 618    
OFFICE BUILDING FOUNDATION 2020-10-12 14,420 1,170 SL 40.000000000000 361 361    
COMPUTERS 2022-11-17 1,600 374 SL 5.000000000000 320 0    
FURNITURE AND FIXTURES 2022-10-17 2,202 275 SL 10.000000000000 220 0    
FURNITURE AND FIXTURES 2022-11-17 1,395 163 SL 10.000000000000 140 0    
FURNITURE AND EQUIPMENT 2024-11-04 2,049   SL 40.000000000000 9 9    
RESTAURANT IMPROVEMENTS 2024-12-27 335,483   SL 40.000000000000 0 0    

TY 2024 GeneralExplanationAttachment
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Identifier Return Reference Explanation
OFFICER COMPENSATION PART VI-B AND PART VII JAMES FLIELLER IS A BOARD MEMBER THAT HAS TAKEN COMPENSATION IN PRIOR YEARS. THE $156,360 REPORTED ON THIS RETURN IS A PAYMENT FOR ONE YEAR OF SERVICE.DUNCAN OSBORNE IS A BOARD MEMBER OF THE FOUNDATION BUT ALSO PROVIDES LEGAL SERVICES THROUGH HIS FIRM OSBORNE, HELMAN, SCOTT, KNISLEY & STANTON LLP. HE IS NOT SEPARATELY COMPENSATED AS A BOARD MEMBER. THE PAYMENTS TO HIS FIRM ARE INCLUDED IN PART VII AS A HIGHLY COMPENSATED CONTRACTORS.

TY 2024 InvestmentsCorpBondsSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of Bond End of Year Book Value End of Year Fair Market Value
.375% ESM 20-25 NTS-S 09/25 194,550 194,550
1.75% HENKEL 21-26 NTS-S 187,720 187,720
US TREASURY NT 3.000% 10/31/25 3,018,547 3,018,547
6.125% SIEMENS FIN 06-26 NTS-S 152,243 152,243
1.875% SINGTEL GROUP 172,070 172,070

TY 2024 InvestmentsCorpStockSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 100,668 100,668
ACCENTURE PLC 179,413 179,413
AERCAP HOLDINGS 374,761 374,761
AIA GROUP LIMITED 108,777 108,777
AIR PROD & CHEMICALS 116,016 116,016
AKAMAI TECHNOLOGIES 95,650 95,650
ALCON INC 229,144 229,144
ALLSTATE 109,890 109,890
ALPHABET INC. 982,405 982,405
AMAZON.COM INC 1,226,579 1,226,579
AMETEK INC 216,366 216,366
AMN HEALTHCARE SVCS 104,483 104,483
AMPHENOL CORP 281,455 281,455
ANTOFAGASTA 787,346 787,346
APPLE INC 683,647 683,647
ASHTEAD GROUP ORD GBP0.1 124,221 124,221
ASSA ABLOY AB 270,485 270,485
ATLAS COPCO 79,725 79,725
BALL CORP 78,285 78,285
BANK OF AMERICA CORP 156,902 156,902
BARRY CALLEBAUT - NAMEN 53,133 53,133
BASF SE 588,851 588,851
BNP PARIBAS 821,262 821,262
BUCHER INDUSTRIES - NAMEN 68,336 68,336
CARREFOUR SA 634,421 634,421
CINTAS CORP 255,780 255,780
COCA-COLA US 102,729 102,729
COLGATE-PALMOLIVE CO 110,910 110,910
COMMERZBANK AG 1,419,305 1,419,305
COMPASS GROUP PLC 743,110 743,110
CULLEN FROST BANKERS 139,620 139,620
DANAHER CORP 661,404 661,404
DEUTSCHE BANK AG 932,841 932,841
DSM - FIRMENICH - NAMEN 101,160 101,160
ECOLAB INC 156,995 156,995
EDENRED 221,547 221,547
EMERSON ELECTRIC CO 130,127 130,127
ENTEGRIS INC 368,434 368,434
ESSILORLUXOTTICA 464,141 464,141
EUROFINS SCIENTIFIC SE 436,186 436,186
EXPERIAN PLC ORD 172,696 172,696
FERGUSON PLC NEW 205,507 205,507
FRANKLIN ELECTRIC CO 80,884 80,884
GEBERIT - NAMEN 113,548 113,548
GITLAB INC 163,133 163,133
GIVAUDAN AG - NAMEN 223,153 223,153
GSK PLC 618,349 618,349
HOME DEPOT INC 229,504 229,504
HONEYWELL INTERNATIONAL INC 142,311 142,311
INTERCONTINENTAL EXCHANGE INC 208,628 208,628
INTESA SANPAOLO S.P.A. 968,252 968,252
INTUIT INC 213,062 213,062
INTUITIVE SURGICAL, INC. 315,826 315,826
IQVIA HOLDINGS INC 146,400 146,400
JOHNSON & JOHNSON 76,793 76,793
JPMORGAN CHASE & CO 522,899 522,899
KEYENCE CORPORATION 246,626 246,626
KIMBERLY-CLARK CORP 64,210 64,210
KUHNE & NAGEL INTERNATIONAL - NAMEN 57,315 57,315
L3HARRIS TECHNOLOGIES INC 90,420 90,420
LANXESS AG 555,861 555,861
LEGRAND SA 504,546 504,546
LILLY ELI & CO 220,020 220,020
LINDE PLC 392,267 392,267
LINDT & SPRUNGLI - PS 188,868 188,868
LKCM SMALL CAP EQUITY 174,138 174,138
LKCM SMALL MID CAP EQUITY 170,392 170,392
LLOYDS BANKING GROUP 765,206 765,206
LVMH MOET HENNESSY VUITTON 190,883 190,883
MARTIN MARIETTA MATERIALS 398,738 398,738
MERCK & CO 49,740 49,740
META PLATFORMS 346,037 346,037
METTLER TOLEDO INTERNATIONAL 85,658 85,658
MICROSOFT CORP 1,106,421 1,106,421
MOODY'S CORP 241,419 241,419
NESTLE 264,360 264,360
NETFLIX INC 155,981 155,981
NEXT 243,775 243,775
NOVARTIS - NAMEN 244,649 244,649
NOVO NORDISK A/S 124,901 124,901
NVIDIA 778,882 778,882
O'REILLY AUTOMOTICE 47,432 47,432
PALO ALTO NETWORKS 237,276 237,276
PAYPAL HOLDINGS INC 76,815 76,815
PEPSICO INC 106,442 106,442
PROCTER & GAMBLE 78,796 78,796
PROGRESSIVE CO OHIO 275,776 275,776
RIO TINTO 165,525 165,525
ROCHE HOLDING - GS 205,776 205,776
ROCHE HOLDINGS AG 718,436 718,436
ROCKWELL AUTOMATION 91,453 91,453
ROPER TECHNOLOGIES 83,176 83,176
S&P GLOBAL INC 431,080 431,080
SALESFORCE INC 263,452 263,452
SANDOZ GROUP - NAMEN 20,504 20,504
SAP SE 1,079,280 1,079,280
SCHINDLER HOLDING 48,345 48,345
SERVICENOW 106,012 106,012
SGS - NAMEN 52,138 52,138
SHENZHOU INTERNATIONAL HOLDINGS GROUP 43,398 43,398
SHERWIN WILLIAMS CO 164,186 164,186
SHIMANO INC 81,657 81,657
SIKA - NAMEN 309,249 309,249
SOITEC SA 227,095 227,095
SONOVA - NAMEN 98,069 98,069
SONY CORPORATION 267,874 267,874
SPDR GOLD TRUST 193,692 193,692
SPDR S&P 500 ETF TRUST 146,520 146,520
SPDR S&P HOMEBUILDERS ETF 56,430 56,430
SWATCH GROUP 463,298 463,298
SWISSCOM - NAMEN 104,199 104,199
SYNOPSYS INC 145,526 145,526
TAIWAN SEMICONDUCTOR MANUFACTURING 319,144 319,144
TALEN ENERGY CORP 418,856 418,856
TELEDYNE TECHNOLOGIES 122,994 122,994
TEXAS INSTRUMENTS INC 253,172 253,172
THERMO FISHER SCIENTIFIC INC 530,658 530,658
T-MOBILE US INC 270,615 270,615
TRACTOR SUPPLY CO 206,934 206,934
TRIMBLE INC 141,320 141,320
ULTA BEAUTY 43,493 43,493
UNILEVER 70,958 70,958
UNION PACIFIC CORP 351,320 351,320
UNITEDHEALTH GROUP INC 450,590 450,590
UNIVERSAL MUSIC GROUP 820,058 820,058
US BANCORP 98,052 98,052
VANGUARD VALUE ETF 57,562 57,562
VAT GROUP - NAMEN 90,768 90,768
VEEVA SYS INC 200,954 200,954
VERALTO CORP 21,389 21,389
VISA INC 566,008 566,008
WASTE CONNECTIONS INC 161,285 161,285
WASTE MANAGEMENT 67,600 67,600
ZOETIS INC 154,784 154,784
ZURICH INSURANCE GROUP - NAMEN 89,166 89,166
RECEPTOR LOGIC INC. 110,012 110,012
AMEN PROPERTIES INC. 122,500 122,500
SAGE GEOSYSTEMS INC. 999,992 999,992

TY 2024 InvestmentsLandSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
DUPLEX LAND 931,974 0 931,974  
OFFICE BUILDING LAND 1,015,256 0 1,015,256  
RESTAURANT LAND 1,070,778 0 1,070,778  
DUPLEX BUILDING 412,659 50,721 361,938  
OFFICE BUILDING 310,140 38,123 272,017  
RESTAURANT BUILDING 252,435 31,029 221,406  
DUPLEX HVAC 26,700 3,060 23,640  
DUPLEX IMPROVEMENTS 9,600 1,020 8,580  
OFFICE BUILDING HVAC 24,720 2,936 21,784  
OFFICE BUILDING FOUNDATION 14,420 1,531 12,889  
FURNITURE AND EQUIPMENT 2,049 9 2,040  
RESTAURANT IMPROVEMENTS 335,483 0 335,483  

TY 2024 InvestmentsOtherSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ANCOR PLEDGE FUND VII, LLC FMV 8,553,510 8,553,510
ANCOR PLEDGE FUND IX, LLC FMV 1,273 1,273
ANCOR PLEDGE FUND XII, LLC FMV 376,237 376,237
ARTIS VENTURES XII SPV, LP FMV 562,271 562,271
CENTRAL PARK-91, LTD. FMV 117,705 117,705
DJ-LEGACY PARTNERS FMV 11,708,115 11,708,115
DJ-PEI PARTNERS FMV 3,557,408 3,557,408
DOS RIOS PARTNERS, LP FMV 1,102,933 1,102,933
DOS RIOS PARTNERS - A, LP FMV 1,102,790 1,102,790
FREESTONE METALS PARTNERS, LP FMV 50,699 50,699
HOG PARTNERSHIP LP FMV 489,361 489,361
MDJ MINERALS LLP FMV 58,750,000 58,750,000
N3 OPPORTUNITY FUND I, LP FMV 20,178 20,178
PENNYBACKER IV, LP FMV 197,956 197,956
SELENIUM LP FMV 53 53
SFF ROYALTY, LLC FMV 5,322 5,322
TRI ALPHA (BI ALTERENERGY LLC) FMV 5,678,850 5,678,850
PEREGRINE LAND INVESTMENTS I, LP FMV 129,077 129,077

TY 2024 LandEtcSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS 6,790 6,790 0  
FURNITURE AND FIXTURES 48,525 27,094 21,431  
LEASEHOLD IMPROVEMENTS 80,614 30,005 50,609  
COMPUTERS 1,600 694 906  
FURNITURE AND FIXTURES 2,202 495 1,707  
FURNITURE AND FIXTURES 1,395 303 1,092  


TY 2024 LegalFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE & COUNSEL 836,417 491,701   70,243


TY 2024 OtherAssetsSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PRECIOUS METALS 597,763 759,026 759,026
PREPAID TAX 85,394 47,042 47,042
NET ORGANIZATIONAL COSTS 10,393 9,449 9,449
ACCRUED INTEREST 0 19,921 19,921


TY 2024 OtherDecreasesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Amount
NON-DEDUCTIBLE EXPENSES 6,235


TY 2024 OtherExpensesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 452,186 452,186   0
INSURANCE 50,802 0   0
DUES & SUBSCRIPTIONS 46,347 46,347   0
CONTRACT LABOR 21,204 21,204   0
MISCELLANEOUS 11,652 0   0
OFFICE EXPENSE 17,314 0   0
COMPUTER & TECHNOLOGY 63,116 0   0
INSURANCE - RENTAL 36,867 36,867   0
REPAIRS & MAINTENANCE - RENTAL 49,540 49,540   0
DUES & SUBSCRIPTIONS - RENTAL 960 960   0
MANAGEMENT FEES - RENTAL 14,432 14,432   0
MISCELLANEOUS - RENTAL 1,006 1,006   0
OFFICE EXPENSE - RENTAL 44 44   0
ADVERTISING - RENTAL 615 615   0


TY 2024 OtherIncomeSchedule2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 12,199,956 12,199,956 12,199,956
PARTNERSHIP INCOME-UBI PORTION 592,890 0 592,890


TY 2024 OtherIncreasesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Amount
UNREALIZED GAIN/LOSS ON INVESTMENTS 4,701,446
PERCENTAGE DEPLETION 58,914
TAX-EXEMPT INTEREST 577


TY 2024 OtherLiabilitiesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 3,913 5,062
SECURITY DEPOSITS HELD 13,276 9,920


TY 2024 OtherNotesLoansRcvblShortSch2
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Name of 501(c)(3) Organization Balance Due
SAN FRANCISCO ZEN CENTER
  		384,799
SAN FRANCISCO ZEN CENTER
  		722,000


TY 2024 OtherProfessionalFeesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES - RENTAL 46,592 46,592   0


TY 2024 TaxesSchedule
Name:
STILL WATER FOUNDATION
EIN:
47-3532637
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INCOME & EXCISE TAX 187,251 0   0
STATE TAXES 983 0   0
FOREIGN TAX WITHHELD 130,501 0   0
PAYROLL TAXES 47,057 0   31,406
PROPERTY TAXES - RENTAL 110,806 110,806   0