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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
DAVID AND LINDA SWAIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 40027
  Room/suite
City or town
S PADRE ISLE
State or province
TX
Country  
ZIP or foreign postal code
785974027
A Employer identification number

82-2431304
B Telephone number (see instructions)

9567613303
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$3,059,028J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments 1,431 1,431  
4 Dividends and interest from securities... 53,314 53,314  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
368,260
b Gross sales price for all assets on line 6a 1,301,500
7 Capital gain net income (from Part IV, line 2)... 368,260
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).......      
12 Total. Add lines 1 through 11........ 423,005 423,005  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 0 0   0
b Accounting fees (attach schedule)....... 0 0   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
47,134 423,004   0
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).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 47,134 423,004   0
25 Contributions, gifts, grants paid....... 151,860 151,860
26 Total expenses and disbursements. Add lines 24 and 25 ................ 198,994 423,004   151,860
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 224,011
b Net investment income (if negative, enter -0-) 1
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 0 0 0
2 Savings and temporary cash investments......... 12,198 14,586 14,586
3 Accounts receivable 0
Less: allowance for doubtful accounts 0 0 0 0
4 Pledges receivable 0
Less: allowance for doubtful accounts 0 0 0 0
5 Grants receivable................. 0 0 0
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.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 2,935,328 Click to see attachment
List of Attached Documents:
// Content
3,044,442 		3,044,442
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans............. 0 0 0
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,947,526 3,059,028 3,059,028
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 2,947,526 3,059,028
25 Net assets with donor restrictions............ 0 0
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    
29 Total net assets or fund balances (see instructions)..... 2,947,526 3,059,028
30 Total liabilities and net assets/fund balances (see instructions). 2,947,526 3,059,028
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
2,947,526
2
Enter amount from Part I, line 27a .....................
2
224,011
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
3,171,537
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
112,509
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
3,059,028
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly Traded Security - Common and Preferred Stock      
b Publicly Traded Security - Common and Preferred Stock      
c Publicly Traded Security - Common and Preferred Stock      
d Publicly Traded Security - Common and Preferred Stock      
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 30,358   23,304 7,054
b 344,900   352,931 -8,031
c 459,071   268,093 190,978
d 467,171   288,912 178,259
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       7,054
b       0
c       190,978
d       178,259
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 368,260
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 -977
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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 0
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 0
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 0
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
TX
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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressn a
14
The books are in care ofDavid O Swain Telephone no. (956) 761-3303

Located at6412 Beach DrPO Box 40027South Padre IslandTX ZIP+478597
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
Yes
 
If "Yes," list the years 20 24, 20 23, 20 22, 20 21
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.) Click to see attachment
List of Attached Documents:
// Content
..............
2b
Yes
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20 24, 20 23, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
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
 
No
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
David Swain President
0.10 		0 0 0
6412 Beach Dr
PO Box 40027
South Padre Island,TX78597
Linda Swain Vice President
0.10 		0 0 0
6412 Beach Dr
PO Box 40027
South Padre Island,TX78597
Elizabeth Zwiebelman Director
0.10 		0 0 0
109 Ladue Farm
Chesterfield,MO63141
Susan OLeary Director
0.10 		0 0 0
14288 Forest Crest
Chesterfield,MO63017
Douglas Swain Director
0.10 		0 0 0
1952 Lunenburg
St Peters,MO63376
John Swain Director
0.10 		0 0 0
2823 Quinto Way
San Jose,CA95124
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 (2025)
Form 990-PF (2025)
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
NONE
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 Chapel by the Sea - Cash Donation 15,000
2 American Red Cross - Cash Donation 7,500
3 Sea Turtle Inc - Cash Donation 5,000
4 University of Missouri- Columbia - Cash Donation 5,000
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.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
0
b
Average of monthly cash balances.......................
1b
13,226
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
13,226
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
13,226
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
198
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
13,028
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
651
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
651
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
0
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
651
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
651
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
651
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, line 26, column (d) Click to see attachment
List of Attached Documents:
// Content
..........
1a
151,860
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
151,860
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 651
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 134,000
b Total for prior years:2023, 2022, 2021 378,906
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 110,135
c From 2022...... 137,271
d From 2023...... 131,500
e From 2024...... 134,000
f Total of lines 3a through e ........ 512,906
4Qualifying distributions for 2025 from Part
XI, line 4: $ 151,860
a Applied to 2024, but not more than line 2a 134,000
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 651
e Remaining amount distributed out of corpus 17,209
5 Excess distributions carryover applied to 2025. 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 5 530,115
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		378,906
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 ........... 		378,906
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		530,115
10 Analysis of line 9:
a Excess from 2021 .... 110,135
b Excess from 2022 .... 137,271
c Excess from 2023 .... 131,500
d Excess from 2024 .... 134,000
e Excess from 2025 .... 17,209
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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
Evans scholars


2501 Patriot Blvd
Glenview,IL60026 		    education 1,000
Laguna Madre Christian Academy


30640 Holly Beach Rd
Laguna Vista,TX78578 		    Education 1,000
Marine Military Academy


320 Iwo Jima Blvd
Harlingen,TX78550 		    Education 1,000
University Missouri St Louis


1 University Blvd
St Louis,MO63121 		    Education 5,000
University of Missouri Col


230 Jesse Hall
Columbia,MO65211 		    Education 5,000
University of Missouri of Sceince


1201 N State St
Rolla,MO65409 		    Education 5,000
Truman State University


100 E Normal Av
Kirksville,MO63501 		    Education 5,000
St Louis Community College


5600 Oakland Ave
St Louis,MO63110 		    Education 5,000
Port Isabel High School


18001 Hwy 100
Port Isabel,TX78578 		    Education 5,000
Folds of Honor


5971 N Patriot Av
Owasso,OK74055 		    Education 2,000
Alzheimer Association


225 N Michigan Av
Chicago,IL60601 		    Medical 2,000
American Cancer Society


PO Box 6704
Hagerstown,MD21741 		    Medical 5,000
American Diabetes Foundation


2451 Crystal Drive Suite 900
Arlington,VA22202 		    Medical 1,000
Blood cancer


1201 15Street Suiteb 410
Washington,DC20005 		    Medical 2,000
March of Dimes


1550 Crystal Drive suite 1300
Arlington,VA22202 		    Medical 1,000
MD Anderson Center


1400 Pressler Street
Houston,TX77030 		    Medical 1,000
Nation Multiple Sclerosis


733 Third Av Third Floor
New York,NY10017 		    Medical 2,000
St Judes Childrens


262 Danny Tomas Place
Memphis,TN38105 		    Medical 1,000
ALS Disease


1300 Wilson Blvd
Arlington,VA22209 		    Medical 2,000
Be the Match DKMS


40 Fulton Street 26th Floor
New York,NY10038 		    Medical 2,500
Arthritis Foundation


1355 Peachtree St NE Suite 600
Atlanta,GA30309 		    Medical 1,000
Muscular Dystrophy Assocation


1016 W Jackson Blvd 1073
Chicago,IL60607 		    Medical 2,000
Macular Degeneration


PO Box 515
Northampton,MA01016 		    Medical 1,000
Ronald McDonald House- Har


2101 Pease St 3rd Floor
Harlingen,TX78550 		    Medical 1,500
Ronald McDonald House-Chi


5444 Drexel Av
Chicago,IL60615 		    Medical 1,000
Shriners


2900 Rocky Point Drive
Tampa,FL33607 		    Medical 1,000
Smile Train


PO Box 96231
Washington,DC20090 		    Medical 1,000
American Red Cross


430 17th St NW
Washington,DC20006 		    Public Service 7,500
Laguna Madre Youth Center


190 Port Rd
Port Isabel,TX78578 		    Public Service 1,000
Friends of Rescued Animals


4908 Padre Blvd
City of Padre Island,TX78597 		    Public Service 5,000
Habitat for Humanity


322 West Lamar St
Americus,GA31709 		    Public Service 5,000
Rio Grand Valley Food Bank


724 N Cage Blvd
Parr,TX78577 		    Public Service 5,000
Salvation Army


201 E Monroe Ave
Harlingen,TX78550 		    public Service 1,000
Sea Turtle Inc


6617 Padre Blvd
City of South Padre Is,TX78597 		    Public Service 5,000
South Padre Island Birding Center


6801 Padre Blvd
City of South Padre Is,TX78597 		    Public Service 5,000
St Louis Science Center


5050 Oakland Ave
St Louis,MO63110 		    Public Service 1,000
Community Living of St Charles


2939 Mayer Dr
St Charles,MO63301 		    Public Service 2,000
DDRB of St Charles


1025 Country Club Rd
St Charles,MO63303 		    Public Service 2,500
El Paseo Arts Foundation


2216 Padre Blve Suit B
city of South Padre Is,TX78597 		    Public Service 5,000
Joy FM


PO Box 25775
Winston,NC27114 		    Public Service 1,000
Our Military Kids


2911 Hunter Mill Rd Suit 203
Oakton,VA22124 		    Public Service 1,000
Willows Way


800 Friedens Rd
St Charles,MO63303 		    Public Service 7,500
American Foundation for Suicide P


199 Water Street 11 Floor
New York,NY10038 		    Public Service 1,000
Blue Sunday


1401 E Austin Ave
Harlingen,TX78550 		    Public Service 2,500
Innsbrook Historical Society


993 Aspen Circle Dr
Innsbrook,MO63390 		    Public Service 860
Turning Point


PO Box 426
Warrenton,MO63383 		    Public Service 5,000
Lifeline


438 N Skinker Blvd
St Louis,MO63130 		    Public Service 5,000
Autism Speaks


PO Box 37148
Boone,IA50037 		    Public Service 1,000
Barnes Jewish Hospice Care


670 Mason Ridge Center Dr
St Louis,MO63141 		    Public Service 500
Chapei by the Sea


33425 State Park Rd 100
City of South Padre Is,TX78597 		    Religious 15,000
Fellowship of Cristrain Athletics


11N 5th St
Columbia,MO65211 		    Religious 2,500
Faith Christian Church


17350 E Veterans Memorial Pwy
Warrenton,MO63380 		    Religious 1,000
Total ................................. 3a 151,860
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 ........... 		523120 0 14 0 1,431
4 Dividends and interest from securities .... 523120 0 14 0 53,314
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		         
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) .. 0 0 54,745
13Total. Add line 12, columns (b), (d), and (e)..................
13
54,745
(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.)
3 Interest from Raymond James cash and investment accounts and is used for donations
4 Dividends from Raymond James Investment accounts and used for donations
Form 990-PF (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID: 25022704
Software Version: V2.0


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2025 GainLossSaleOtherAssetsSch
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
24020569
Software Version:
V2.0
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Air Prroducts & Chemicals 2024-02 Purchase 2025-01   3,881 2,793   0 3,881 0
L3 Harris 2025-01 Purchase 2025-10   6,016 4,415   0 6,016 0
Merck 2025-04 Purchase 2025-12   11,668 9,919   0 11,668 0
TE Connectivity PLC 2025-02 Purchase 2025-11   6,883 4,365   0 6,883 0
Magnum Ice Cream Co 2025-02 Purchase 2025-12   30,358 23,304   0 30,358 0
Air Prroducts & Chemicals 2024-02 Purchase 2025-04   1,797 1,629   0 1,797 0
Alphabet Inc 2024-04 Purchase 2025-04   2,870 3,094   0 2,870 0
AIG 2019-12 Purchase 2025-02   12,316 7,363   0 12,316 0
Apollo Global Mgmt 2019-10 Purchase 2025-01   2,133 445   0 2,133 0
Apple Inc 2017-11 Purchase 2025-02   7,551 1,483   0 7,551 0
Astrazeneca PLC 2023-10 Purchase 2025-12   3,680 2,702   0 3,680 0
Avalonbay Cmntys Inc 2022-11 Purchase 2025-12   3,578 3,380   0 3,578 0
Becton Dickinson Co 2020-03 Purchase 2025-08   8,405 8,866   0 8,405 0
Broadcom Inc 2020-03 Purchase 2025-05   16,703 1,361   0 16,703 0
Capital One 2023-03 Purchase 2025-04   10,343 5,738   0 10,343 0
Coca Cola Co 2021-09 Purchase 2025-04   3,353 2,149   0 3,353 0
DTE Energy Co 2024-01 Purchase 2025-02   1,041 840   0 1,041 0
Diageo PLC 2023-12 Purchase 2025-07   9,016 12,453   0 9,016 0
Disney 2023-12 Purchase 2025-05   6,673 5,659   0 6,673 0
EQT Corp 2022-03 Purchase 2025-02   13,339 8,413   0 13,339 0
Edison Inter 2023-12 Purchase 2025-10   10,262 12,799   0 10,262 0
Enbridge Inc 2023-12 Purchase 2025-11   22,287 16,179   0 22,287 0
Exxon Mobil 2021-04 Purchase 2025-02   2,096 1,205   0 2,096 0
General Mtrs Inc 2023-12 Purchase 2025-06   9,240 6,538   0 9,240 0
Gilead Sciences Inc 2023-07 Purchase 2025-02   14,513 11,842   0 14,513 0
JP Morgan Chase & Co 2021-05 Purchase 2025-04   21,879 13,307   0 21,879 0
Johnson & Johnson 2017-11 Purchase 2025-02   1,580 1,393   0 1,580 0
Merck & Co 2017-09 Purchase 2025-11   26,177 15,345   0 26,177 0
Metlife Inc 2017-11 Purchase 2025-02   1,163 748   0 1,163 0
Microsoft 2017-11 Purchase 2025-02   2,072 421   0 2,072 0
Nestle SA 2017-11 Purchase 2025-04   11,017 9,230   0 11,017 0
Northrop Grumman Corp 2021-12 Purchase 2025-08   19,377 11,685   0 19,377 0
Oracle Corp 2020-10 Purchase 2025-09   27,700 6,483   0 27,700 0
PPG Ind 2018-12 Purchase 2025-03   13,259 10,698   0 13,259 0
Procter and Gamble 2017-10 Purchase 2025-04   7,846 4,410   0 7,846 0
RTX Corp 2019-03 Purchase 2025-06   18,362 8,090   0 18,362 0
SAP SE Spon Ard 2022-10 Purchase 2025-01   27,042 9,653   0 27,042 0
Sempra 2021-07 Purchase 2025-11   27,710 20,451   0 27,710 0
T-Mobile 2023-09 Purchase 2025-03   12,125 6,409   0 12,125 0
Travelers Co 2017-11 Purchase 2025-08   20,678 9,844   0 20,678 0
Unilever PLC 2024-12 Purchase 2025-12   64 62   0 64 0
Union Pac Corp 2017-09 Purchase 2025-04   8,153 4,461   0 8,153 0
United Health Group 2017-11 Purchase 2025-08   8,854 6,330   0 8,854 0
Visa Incorp 2017-09 Purchase 2025-04   11,220 3,670   0 11,220 0
Vulcan Matls Co 2018-10 Purchase 2025-04   9,464 3,642   0 9,464 0
Willlams Co 2020-02 Purchase 2025-02   11,103 3,317   0 11,103 0
Linde PLC 2018-01 Purchase 2025-04   10,809 4,086   0 10,809 0
Magnum Ice Cream 2024-12 Purchase 2025-12   225 219   0 225 0
Airbnb 2025-02 Purchase 2025-11   3,835 4,185   0 3,835 0
Align Tech 2025-04 Purchase 2025-11   2,189 2,470   0 2,189 0
Becton Dickinson 2024-12 Purchase 2025-11   2,462 3,098   0 2,462 0
Charter Comm 2024-02 Purchase 2025-01   29,290 25,649   0 29,290 0
Comcast 2025-01 Purchase 2025-11   36,146 40,596   0 36,146 0
Danaher Corp 2025-04 Purchase 2025-11   1,273 1,071   0 1,273 0
Dollar General 2024-08 Purchase 2025-05   25,380 20,977   0 25,380 0
Gartner Inc 2025-08 Purchase 2025-11   4,704 4,914   0 4,704 0
IDEX Corp 2025-04 Purchase 2025-11   1,184 1,147   0 1,184 0
International Flavors & Fragranc 2025-04 Purchase 2025-11   3,339 3,597   0 3,339 0
Ishares 2024-09 Purchase 2025-01   205,103 205,151   0 205,103 0
Ralliant Corp 2024-07 Purchase 2025-07   8,502 9,794   0 8,502 0
ICON PLC 2024-12 Purchase 2025-05   21,492 30,282   0 21,492 0
Affiliated Managers Group 2019-05 Purchase 2025-11   24,510 10,327   0 24,510 0
Amex Co 2017-11 Purchase 2025-07   36,609 11,374   0 36,609 0
Anhheuser Bush INBEV 2020-02 Purchase 2025-04   23,328 24,387   0 23,328 0
Avantor Inc 2023-12 Purchase 2025-11   4,788 8,779   0 4,788 0
Brown & Brown Inc 2022-12 Purchase 2025-11   12,471 5,049   0 12,471 0
C H Robinson Worldwide Inc 2017-11 Purchase 2025-10   34,342 24,643   0 34,342 0
Capital One 2020-03 Purchase 2025-02   27,793 7,486   0 27,793 0
Disney Walt Co 2023-12 Purchase 2025-11   1,559 1,296   0 1,559 0
Dollar General Corp 2023-09 Purchase 2025-05   27,132 34,942   0 27,132 0
Fedex Corp 2020-03 Purchase 2025-11   5,921 2,941   0 5,921 0
Fidelity Natl Info services 2024-01 Purchase 2025-11   6,081 5,861   0 6,081 0
Fortive Corp 2024-07 Purchase 2025-11   3,176 3,624   0 3,176 0
IQVIA Holdings 2023-10 Purchase 2025-11   6,522 5,619   0 6,522 0
IShares 2023-12 Purchase 2025-01   3,623 3,612   0 3,623 0
LPL Finl Holdings 2021-06 Purchase 2025-11   26,559 10,262   0 26,559 0
Lamb Weston Holdings 2023-03 Purchase 2025-11   13,328 11,390   0 13,328 0
Molson Coors Bev Co 2020-03 Purchase 2025-04   21,658 14,990   0 21,658 0
Post Hldgs Inc 2021-02 Purchase 2025-11   4,642 2,953   0 4,642 0
Schwab Charles Corp 2020-03 Purchase 2025-02   30,433 12,687   0 30,433 0
Sysco Corp 2020-03 Purchase 2025-10   30,436 14,260   0 30,436 0
US Foods Hldg Corp 2022-03 Purchase 2025-07   30,764 12,934   0 30,764 0
Warner Bros Discovery Inc 2022-11 Purchase 2025-07   73,050 44,164   0 73,050 0
Clarivate PLC 2023-12 Purchase 2025-11   2,626 6,108   0 2,626 0
Willis Towers Watson PLC 2018-11 Purchase 2025-01   15,820 9,223   0 15,820 0

TY 2025 InvestmentsCorpStockSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
24020569
Software Version:
V2.0
Name of Stock End of Year Book Value End of Year Fair Market Value
Raymond James Managed funds 3,044,442 3,044,442

TY 2025 OtherDecreasesSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
24020569
Software Version:
V2.0
Description Amount
Unrealized loss in stock funds 112,509


TY 2025 OtherProfessionalFeesSchedule
Name:
DAVID AND LINDA SWAIN FOUNDATION
EIN:
82-2431304
Software ID:
24020569
Software Version:
V2.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Fees 47,134 423,004 0 0