TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
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Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 10-01-2024 , and ending 09-30-2025

Name of foundation
DR BOB & JEAN SMITH FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)3811 TURTLE CREEK BLVD 1420
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX75219

A Employer identification number

51-0137245

B Telephone number (see instructions)

(214) 521-3461

C If exemption application is pending, check here right arrow

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

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

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

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

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

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

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

$21,553,604J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	528,505		528,505
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		491,524
b	Gross sales price for all assets on line 6a 6,915,190
7	Capital gain net income (from Part IV, line 2)...			491,524
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	3,656	3,656
12	Total. Add lines 1 through 11........	1,023,685		1,023,685
13	Compensation of officers, directors, trustees, etc.	413,686		227,832	185,854
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	61,898	61,898	0
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	152,175	152,175	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	139,855	139,855	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	23,816	12,468	11,348
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	1,051	555
20	Occupancy..............	104,439		83,551	20,888
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	78,693	78,693	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	975,613		757,027	218,090
25	Contributions, gifts, grants paid.......	679,898			679,898
26	Total expenses and disbursements. Add lines 24 and 25	1,655,511		757,027	897,988
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-631,826
b	Net investment income (if negative, enter -0-)			266,658
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	111,486	49,134	49,134
	2	Savings and temporary cash investments.........	376,985	130,374	423,393
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,310,459	List of Attached Documents: // Content 3,144,777	3,592,180
	c	Investments—corporate bonds (attach schedule).......	1,261,592	List of Attached Documents: // Content 1,260,251	1,244,337
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	12,383,154	List of Attached Documents: // Content 12,281,764	16,243,519
	14	Land, buildings, and equipment: basis 90,129
		Less: accumulated depreciation (attach schedule) 89,088	2,092	List of Attached Documents: // Content 1,041	1,041
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	17,445,768	16,867,341	21,553,604
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	List of Attached Documents: // Content 217,448	List of Attached Documents: // Content 270,847
	23	Total liabilities (add lines 17 through 22).........	217,448	270,847
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	17,228,320	16,596,494
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	17,228,320	16,596,494
	30	Total liabilities and net assets/fund balances (see instructions).	17,445,768	16,867,341

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

17,228,320

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

-631,826

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

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

16,596,494

Decreases not included in line 2 (itemize) right arrow

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

16,596,494

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	CALL AMZN JAN 00210.000 AMAZON COM INC COM EXP 01-16-2026	P	2025-01-16	2025-02-27
b	CALL AMZN JUN 00180.000 AMAZON COM INC COM EXP 06-20-2025	P	2024-06-06	2025-01-16
c	CALL AMZN JUN 00200.000 AMAZON COM INC COM EXP 06-18-2026	P	2025-04-30	2025-07-30
d	CALL AMZN MAR 00200.000 AMAZON COM INC COM EXP 03-20-2026	P	2025-03-10	2025-04-30
e	CALL AMZN MAR 00210.000 AMAZON COM INC COM EXP 03-20-2026	P	2025-02-27	2025-03-10
	CALL BABA MAR 00200.000 ALIBABA GROUP HOLDING LT EXP 03-20-2026	P	2025-03-10	2025-04-30
	CALL BRKB JAN 00450.000 BERKSHIRE HATHAWAYINC EXP 01-16-2026	P	2025-01-16	2025-04-30
	CALL BRKB JUN 00410.000 BERKSHIRE HATHAWAYINC EXP 06-20-2025	P	2024-06-06	2025-01-16
	CALL BRKB JUN 00520.000 BERKSHIRE HATHAWAYINC EXP 06-18-2026	P	2025-04-30	2025-07-30
	CALL CMCSA JAN 00045.000 COMCAST CORP NEW CL A EXP 01-16-2026	P	2025-01-16	2025-04-30
	CALL CMCSA JUN 00042.500 COMCAST CORP NEW CL A EXP 06-18-2026	P	2025-04-30	2025-07-30
	CALL CMCSA JUN 00045.000 COMCAST CORP NEW CL A EXP 06-20-2025	P	2024-07-30	2025-01-16
	CALL CVX JAN 00180.000 CHEVRON CORP EXP 01-16-2026	P	2025-01-16	2025-04-30
	CALL CVX JUN 00180.000 CHEVRON CORP EXP 06-20-2025	P	2024-02-08	2025-01-16
	CALL CVX JUN 00180.000 CHEVRON CORP EXP 06-18-2026	P	2025-04-30	2025-07-30
	CALL EFA APR 00081.000 ISHARES MSCI EAFE EXP 04-25-2025	P	2025-04-17	2025-04-25
	CALL EFA AUG 00088.000 ISHARES MSCI EAFE EXP 08-08-2025	P	2025-08-01	2025-08-08
	CALL EFA AUG 00089.500 ISHARES MSCI EAFE EXP 08-15-2025	P	2025-08-08	2025-08-15
	CALL EFA AUG 00090.000 ISHARES MSCI EAFE EXP 08-01-2025	P	2025-07-25	2025-08-01
	CALL EFA AUG 00091.000 ISHARES MSCI EAFE EXP 08-22-2025	P	2025-08-15	2025-08-22
	CALL EFA AUG 00092.000 ISHARES MSCI EAFE EXP 08-29-2025	P	2025-08-22	2025-08-29
	CALL EFA FEB 00079.500 ISHARES MSCI EAFE EXP 02-07-2025	P	2025-01-31	2025-02-07
	CALL EFA FEB 00080.000 ISHARES MSCI EAFE EXP 02-14-2025	P	2025-02-07	2025-02-14
	CALL EFA FEB 00081.500 ISHARES MSCI EAFE EXP 02-28-2025	P	2025-02-21	2025-02-28
	CALL EFA FEB 00081.500 ISHARES MSCI EAFE EXP 02-21-2025	P	2025-02-14	2025-02-21
	CALL EFA JAN 00077.000 ISHARES MSCI EAFE EXP 01-17-2025	P	2025-01-10	2025-01-17
	CALL EFA JAN 00078.000 ISHARES MSCI EAFE EXP 01-24-2025	P	2025-01-17	2025-01-24
	CALL EFA JAN 00078.000 ISHARES MSCI EAFE EXP 5/16/2025	P	2025-05-09	2025-05-16
	CALL EFA JAN 00078.000 ISHARES MSCI EAFE EXP 01-10-2025	P	2025-01-03	2025-01-10
	CALL EFA JAN 00078.000 ISHARES MSCI EAFE EXP 01-03-2025	P	2024-12-27	2025-01-03
	CALL EFA JAN 00079.000 ISHARES MSCI EAFE EXP 01-31-2025	P	2025-01-24	2025-01-31
	CALL EFA JUL 00088.500 ISHARES MSCI EAFE EXP 07-25-2025	P	2025-07-18	2025-07-25
	CALL EFA JUL 00088.500 ISHARES MSCI EAFE EXP 07-18-2025	P	2025-07-11	2025-07-18
	CALL EFA JUL 00088.500 ISHARES MSCI EAFE EXP 07-03-2025	P	2025-06-27	2025-07-03
	CALL EFA JUL 00089.000 ISHARES MSCI EAFE EXP 07-11-2025	P	2025-07-03	2025-07-11
	CALL EFA JUN 00087.000 ISHARES MSCI EAFE EXP 06-27-2025	P	2025-06-23	2025-06-27
	CALL EFA JUN 00088.000 ISHARES MSCI EAFE EXP 06-27-2025	P	2025-06-20	2025-06-23
	CALL EFA JUN 00088.000 ISHARES MSCI EAFE EXP 06-06-2025	P	2025-05-30	2025-06-06
	CALL EFA JUN 00089.000 ISHARES MSCI EAFE EXP 06-13-2025	P	2025-06-06	2025-06-13
	CALL EFA JUN 00089.500 ISHARES MSCI EAFE EXP 06-20-2025	P	2025-06-13	2025-06-20
	CALL EFA MAR 00081.500 ISHARES MSCI EAFE EXP 03-07-2025	P	2025-02-28	2025-03-07
	CALL EFA MAY 00083.500 ISHARES MSCI EAFE EXP 05-02-2025	P	2025-04-25	2025-05-02
	CALL EFA MAY 00085.500 ISHARES MSCI EAFE EXP 05-09-2025	P	2025-05-02	2025-05-09
	CALL EFA MAY 00086.000 ISHARES MSCI EAFE EXP 05-16-2025	P	2025-05-16	2025-05-16
	CALL EFA MAY 00086.500 ISHARES MSCI EAFE EXP 05-23-2025	P	2025-05-23	2025-05-30
	CALL EFA OCT 00092.500 ISHARES MSCI EAFE EXP 10-03-2025	P	2025-08-29	2025-09-05
	CALL EFA OCT 00094.000 ISHARES MSCI EAFE EXP 10-10-2025	P	2025-09-05	2025-09-12
	CALL EFA SEP 00091.500 ISHARES MSCI EAFE EXP 09-05-2025	P	2025-09-12	2025-09-19
	CALL EFA SEP 00091.500 ISHARES MSCI EAFE EXP 09-12-2025	P	2025-09-19	2025-09-26
	CALL FXI JUN 00040.000 ISHARES CHINA LARGECAP EXP 06-20-2025	P	2025-02-27	2025-06-25
	CALL GLD APR 00279.000 SPDR GOLD TRUST EXP 04-11-2025	P	2025-04-04	2025-04-11
	CALL GLD APR 00279.000 SPDR GOLD TRUST EXP 04-11-2025	P	2024-10-02	2025-02-27
	CALL GLD APR 00279.000 SPDR GOLD TRUST EXP 04-11-2025	P	2025-04-11	2025-04-18
	CALL GLD APR 00280.000 SPDR GOLD TRUST EXP 04-04-2025	P	2025-08-22	2025-08-29
	CALL GLD APR 00294.000 SPDR GOLD TRUST EXP 04-17-2025	P	2025-08-21	2025-08-22
	CALL GLD AUG 00308.000 SPDR GOLD TRUST EXP 08-29-2025	P	2025-01-31	2025-02-07
	CALL GLD AUG 00309.000 SPDR GOLD TRUST EXP 08-22-2025	P	2025-02-07	2025-02-14
	CALL GLD FEB 00258.000 SPDR GOLD TRUST EXP 02-07-2025	P	2025-02-14	2025-02-21
	CALL GLD FEB 00264.000 SPDR GOLD TRUST EXP 02-14-2025	P	2025-02-21	2025-02-28
	CALL GLD FEB 00267.000 SPDR GOLD TRUST EXP 02-21-2025	P	2024-12-27	2025-01-03
	CALL GLD FEB 00269.000 SPDR GOLD TRUST EXP 02-28-2025	P	2025-01-03	2025-01-10
	CALL GLD JAN 00242.000 SPDR GOLD TRUST EXP 01-03-2025	P	2025-01-10	2025-01-17
	CALL GLD JAN 00244.000 SPDR GOLD TRUST EXP 01-10-2025	P	2025-01-17	2025-01-24
	CALL GLD JAN 00248.000 SPDR GOLD TRUST EXP 01-17-2025	P	2025-01-24	2025-01-31
	CALL GLD JAN 00250.000 SPDR GOLD TRUST EXP 01-24-2025	P	2025-02-28	2025-03-07
	CALL GLD JAN 00255.000 SPDR GOLD TRUST EXP 01-31-2025	P	2025-03-07	2025-03-14
	CALL GLD MAR 00264.000 SPDR GOLD TRUST EXP 03-07-2025	P	2025-03-14	2025-03-21
	CALL GLD MAR 00269.000 SPDR GOLD TRUST EXP 03-14-2025	P	2025-03-21	2025-03-28
	CALL GLD OCT 00345.000 SPDR GOLD TRUST EXP 10-03-2025	P	2025-08-29	2025-09-05
	CALL GLD OCT 00352.000 SPDR GOLD TRUST EXP 10-10-2025	P	2025-09-05	2025-09-12
	CALL GLD SEP 00314.000 SPDR GOLD TRUST EXP 09-05-2025	P	2025-09-12	2025-09-19
	CALL GLD SEP 00325.000 SPDR GOLD TRUST EXP 09-12-2025	P	2025-09-19	2025-09-26
	CALL GOOG JAN 00190.000 ALPHABET INC SHS CL C EXP 01-16-2026	P	2025-01-16	2025-02-27
	CALL GOOG JAN 00190.000 ALPHABET INC SHS CL C EXP 01-16-2026	P	2024-06-06	2025-01-16
	CALL GOOG JAN 00190.000 ALPHABET INC SHS CL C EXP 01-16-2026	P	2025-04-30	2025-07-30
	CALL GOOG JUN 00175.000 ALPHABET INC SHS CL C EXP 06-20-2025	P	2025-03-10	2025-04-30
	CALL GOOG JUN 00190.000 ALPHABET INC SHS CL C EXP 06-18-2026	P	2025-02-27	2025-03-10
	CALL GS MAR 00580.000 GOLDMAN SACHS GROUP INC EXP 03-20-2026	P	2025-01-16	2025-03-10
	CALL GOOG MAR 00190.000 ALPHABET INC SHS CL C EXP 03-20-2026	P	2024-06-06	2025-01-16
	CALL GS JAN 00580.000 GOLDMAN SACHS GROUP INC EXP 01-16-2026	P	2025-03-10	2025-07-30
	CALL HD MAR 00430.000 HOME DEPOT INC EXP 03-20-2026	P	2025-01-16	2025-03-10
	CALL HD JAN 00430.000 HOME DEPOT INC EXP 01-16-2026	P	2024-06-06	2025-01-16
	CALL HD JAN 00430.000 HOME DEPOT INC EXP 01-16-2026	P	2025-03-10	2025-04-30
	CALL HON	P	2024-06-06	2025-01-16
	CALL IWM APR 00195.000 ISHARES TR RUSSELL 2000 EXP 04-11-2025	P	2025-04-11	2025-04-17
	CALL HON	P	2025-01-16	2025-04-30
	CALL HSBC1 JAN 00045.000 PKG 100 HSBC+$105.00CASH EXP 01-17-2025	P	2025-01-16	2025-04-29
	CALL HSBC1 JAN 00045.000 PKG 100 HSBC+$105.00CASH EXP 01-17-2025	P	2024-02-08	2025-01-16
	CALL IWM APR 00195.000 ISHARES TR RUSSELL 2000 EXP 04-11-2025	P	2025-04-04	2025-04-11
	CALL IWM MAR 00205.000 ISHARES TR RUSSELL 2000 EXP 03-28-2025	P	2025-04-25	2025-05-02
	CALL IWM APR 00195.000 ISHARES TR RUSSELL 2000 EXP 04-11-2025	P	2025-04-17	2025-04-25
	CALL IWM APR 00195.000 ISHARES TR RUSSELL 2000 EXP 04-17-2025	P	2025-03-28	2025-04-04
	CALL IWM APR 00195.000 ISHARES TR RUSSELL 2000 EXP 04-25-2025	P	2025-08-01	2025-08-08
	CALL IWM APR 00205.000 ISHARES TR RUSSELL 2000 EXP 04-04-2025	P	2025-08-08	2025-08-15
	CALL IWM AUG 00216.000 ISHARES TR RUSSELL 2000 EXP 08-08-2025	P	2025-07-25	2025-08-01
	CALL IWM AUG 00219.000 ISHARES TR RUSSELL 2000 EXP 08-15-2025	P	2025-08-15	2025-08-22
	CALL IWM AUG 00226.000 ISHARES TR RUSSELL 2000 EXP 08-29-2025	P	2025-08-22	2025-08-29
	CALL IWM AUG 00223.000 ISHARES TR RUSSELL 2000 EXP 08-22-2025	P	2025-06-27	2025-07-03
	CALL IWM JUL 00218.000 ISHARES TR RUSSELL 2000 EXP 07-11-2025	P	2025-07-03	2025-07-11
	CALL IWM JUL 00213.000 ISHARES TR RUSSELL 2000 EXP 07-03-2025	P	2025-07-11	2025-07-18
	CALL IWM JUL 00218.000 ISHARES TR RUSSELL 2000 EXP 07-11-2025	P	2025-07-18	2025-07-25
	CALL IWM JUL 00220.000 ISHARES TR RUSSELL 2000 EXP 07-18-2025	P	2025-05-30	2025-06-06
	CALL IWM JUL 00221.000 ISHARES TR RUSSELL 2000 EXP 07-25-2025	P	2025-06-23	2025-06-27
	CALL IWM JUN 00205.000 ISHARES TR RUSSELL 2000 EXP 06-06-2025	P	2025-06-06	2025-06-13
	CALL IWM JUN 00207.000 ISHARES TR RUSSELL 2000 EXP 06-27-2025	P	2025-06-13	2025-06-20
	CALL IWM JUN 00208.000 ISHARES TR RUSSELL 2000 EXP 06-13-2025	P	2025-06-20	2025-06-23
	CALL IWM JUN 00208.000 ISHARES TR RUSSELL 2000 EXP 06-20-2025	P	2025-03-14	2025-03-21
	CALL IWM JUN 00209.000 ISHARES TR RUSSELL 2000 EXP 06-27-2025	P	2025-03-21	2025-03-28
	CALL IWM MAR 00205.000 ISHARES TR RUSSELL 2000 EXP 03-21-2025	P	2025-03-21	2025-03-28
	CALL IWM MAR 00205.000 ISHARES TR RUSSELL 2000 EXP 03-28-2025	P	2025-03-07	2025-03-14
	CALL IWM MAR 00206.000 ISHARES TR RUSSELL 2000 EXP 03-14-2025	P	2025-05-02	2025-05-09
	CALL IWM MAY 00200.000 ISHARES TR RUSSELL 2000 EXP 05-02-2025	P	2025-05-09	2025-05-16
	CALL IWM MAY 00205.000 ISHARES TR RUSSELL 2000 EXP 05-16-2025	P	2025-05-16	2025-05-23
	CALL IWM MAY 00205.000 ISHARES TR RUSSELL 2000 EXP 05-30-2025	P	2025-05-23	2025-05-30
	CALL IWM OCT 00240.000 ISHARES TR RUSSELL 2000 EXP 10-03-2025	P	2025-08-29	2025-09-05
	CALL IWM OCT 00244.000 ISHARES TR RUSSELL 2000 EXP 10-10-2025	P	2025-09-05	2025-09-12
	CALL IWM SEP 00233.000 ISHARES TR RUSSELL 2000 EXP 09-05-2025	P	2025-09-12	2025-09-19
	CALL IWM SEP 00235.000 ISHARES TR RUSSELL 2000 EXP 09-12-2025	P	2025-09-19	2025-09-26
	CALL JPM JUN 00195.000 JPMORGAN CHASE & CO EXP 06-20-2025	P	2025-01-16	2025-03-10
	CALL IWM SEP 00242.000 ISHARES TR RUSSELL 2000 EXP 09-26-2025	P	2024-06-06	2025-01-16
	CALL JPM JAN 00230.000 JPMORGAN CHASE & CO EXP 01-16-2026	P	2025-03-10	2025-07-30
	CALL META JUN 00550.000 META PLATFORMS INC EXP 06-20-2025	P	2024-06-06	2024-03-10
	CALL META JUN 00550.000 META PLATFORMS INC EXP 06-20-2025	P	2025-03-10	2025-04-30
	CALL MSFT JAN 00420.000 MICROSOFT CORP EXP 01-16-2026	P	2025-01-16	2025-02-27
	CALL MSFT JAN 00420.000 MICROSOFT CORP EXP 01-16-2026	P	2024-06-06	2025-01-16
	CALL MSFT JAN 00420.000 MICROSOFT CORP EXP 01-16-2026	P	2025-02-27	2025-04-30
	CALL QQQ APR 00470.000 INVESCO QQQ TR SER 1 EXP 04-11-2025	P	2025-04-04	2025-04-11
	CALL QQQ APR 00470.000 INVESCO QQQ TR SER 1 EXP 04-11-2025	P	2025-04-17	2025-04-25
	CALL QQQ APR 00475.000 INVESCO QQQ TR SER 1 EXP 04-25-2025	P	2025-03-28	2025-04-04
	CALL QQQ APR 00480.000 INVESCO QQQ TR SER 1 EXP 04-17-2025	P	2025-08-01	2025-08-08
	CALL QQQ APR 00500.000 INVESCO QQQ TR SER 1 EXP 04-04-2025	P	2025-07-25	2025-08-01
	CALL QQQ AUG 00556.000 INVESCO QQQ TR SER 1 EXP 08-08-2025	P	2025-08-08	2025-08-15
	CALL QQQ AUG 00562.000 INVESCO QQQ TR SER 1 EXP 08-01-2025	P	2025-08-22	2025-08-29
	CALL QQQ AUG 00565.000 INVESCO QQQ TR SER 1 EXP 08-15-2025	P	2025-08-15	2025-08-22
	CALL QQQ AUG 00565.000 INVESCO QQQ TR SER 1 EXP 08-29-2025	P	2025-01-31	2025-02-07
	CALL QQQ AUG 00570.000 INVESCO QQQ TR SER 1 EXP 08-22-2025	P	2025-02-07	2025-02-14
	CALL QQQ FEB 00528.000 INVESCO QQQ TR SER 1 EXP 02-07-2025	P	2025-02-14	2025-02-21
	CALL QQQ FEB 00530.000 INVESCO QQQ TR SER 1 EXP 02-14-2025	P	2025-02-21	2025-02-28
	CALL QQQ FEB 00534.000 INVESCO QQQ TR SER 1 EXP 02-21-2025	P	2025-01-03	2025-01-10
	CALL QQQ FEB 00536.000 INVESCO QQQ TR SER 1 EXP 02-28-2025	P	2025-01-10	2025-01-17
	CALL QQQ JAN 00520.000 INVESCO QQQ TR SER 1 EXP 01-10-2025	P	2025-01-17	2025-01-24
	CALL QQQ JAN 00520.000 INVESCO QQQ TR SER 1 EXP 01-17-2025	P	2024-12-27	2025-01-03
	CALL QQQ JAN 00520.000 INVESCO QQQ TR SER 1 EXP 01-24-2025	P	2025-01-24	2025-01-31
	CALL QQQ JAN 00522.500 INVESCO QQQ TR SER 1 EXP 01-03-2025	P	2025-06-27	2025-07-03
	CALL QQQ JUL 00543.000 INVESCO QQQ TR SER 1 EXP 07-03-2025	P	2025-07-11	2025-07-18
	CALL QQQ JUL 00550.000 INVESCO QQQ TR SER 1 EXP 07-11-2025	P	2025-07-18	2025-07-25
	CALL QQQ JUL 00552.000 INVESCO QQQ TR SER 1 EXP 07-18-2025	P	2025-05-30	2025-06-06
	CALL QQQ JUL 00557.000 INVESCO QQQ TR SER 1 EXP 07-25-2025	P	2025-06-06	2025-06-13
	CALL QQQ JUN 00515.000 INVESCO QQQ TR SER 1 EXP 06-06-2025	P	2025-06-13	2025-06-20
	CALL QQQ JUN 00525.000 INVESCO QQQ TR SER 1 EXP 06-13-2025	P	2025-06-23	2025-06-30
	CALL QQQ JUN 00528.000 INVESCO QQQ TR SER 1 EXP 06-20-2025	P	2025-06-20	2025-06-23
	CALL QQQ JUN 00528.000 INVESCO QQQ TR SER 1 EXP 06-27-2025	P	2025-03-14	2025-03-21
	CALL QQQ JUN 00530.000 INVESCO QQQ TR SER 1 EXP 06-27-2025	P	2025-03-21	2025-03-28
	CALL QQQ MAR 00500.000 INVESCO QQQ TR SER 1 EXP 03-21-2025	P	2025-02-28	2025-03-07
	CALL QQQ MAR 00500.000 INVESCO QQQ TR SER 1 EXP 03-28-2025	P	2025-02-28	2025-03-07
	CALL QQQ MAR 00510.000 INVESCO QQQ TR SER 1 EXP 03-14-2025	P	2025-04-25	2025-05-02
	CALL QQQ MAR 00520.000 INVESCO QQQ TR SER 1 EXP 03-07-2025	P	2025-05-02	2025-05-09
	CALL QQQ MAY 00485.000 INVESCO QQQ TR SER 1 EXP 05-02-2025	P	2025-05-09	2025-05-16
	CALL QQQ MAY 00495.000 INVESCO QQQ TR SER 1 EXP 05-09-2025	P	2025-05-03	2025-05-09
	CALL QQQ MAY 00495.000 INVESCO QQQ TR SER 1 EXP 05-16-2025	P	2025-05-16	2025-05-23
	CALL QQQ OCT 00594.000 INVESCO QQQ TR SER 1 EXP 10-03-2025	P	2025-08-29	2025-09-05
	CALL QQQ OCT 00602.000 INVESCO QQQ TR SER 1 EXP 10-10-2025	P	2025-09-05	2025-09-12
	CALL QQQ SEP 00570.000 INVESCO QQQ TR SER 1 EXP 09-05-2025	P	2025-09-12	2025-09-19
	CALL QQQ SEP 00575.000 INVESCO QQQ TR SER 1 EXP 09-12-2025	P	2025-09-19	2025-09-26
	CALL QQQ SEP 00580.000 INVESCO QQQ TR SER 1 EXP 09-19-2025	P	2025-09-12	2025-09-19
	CALL TLT APR 00089.000 ISHARES 20+ YEAR EXP 04-17-2025	P	2025-04-17	2025-04-25
	CALL TLT APR 00089.000 ISHARES 20+ YEAR EXP 04-17-2025	P	2025-04-08	2025-04-11
	CALL TLT APR 00089.000 ISHARES 20+ YEAR EXP 04-25-2025	P	2025-07-25	2025-08-01
	CALL TLT APR 00090.000 ISHARES 20+ YEAR EXP 04-11-2025	P	2025-08-15	2025-08-22
	CALL TLT AUG 00087.500 ISHARES 20+ YEAR EXP 08-01-2025	P	2025-08-22	2025-08-29
	CALL TLT AUG 00088.000 ISHARES 20+ YEAR EXP 08-22-2025	P	2025-08-01	2025-08-08
	CALL TLT AUG 00088.000 ISHARES 20+ YEAR EXP 08-29-2025	P	2025-08-08	2025-08-15
	CALL TLT AUG 00088.500 ISHARES 20+ YEAR EXP 08-08-2025	P	2025-01-31	2025-02-07
	CALL TLT AUG 00088.500 ISHARES 20+ YEAR EXP 08-15-2025	P	2025-02-21	2025-02-28
	CALL TLT FEB 00089.000 ISHARES 20+ YEAR EXP 02-07-2025	P	2025-02-07	2025-02-14
	CALL TLT FEB 00089.000 ISHARES 20+ YEAR EXP 02-28-2025	P	2025-02-14	2025-02-21
	CALL TLT FEB 00089.500 ISHARES 20+ YEAR EXP 02-14-2025	P	2025-01-10	2025-01-17
	CALL TLT FEB 00089.500 ISHARES 20+ YEAR EXP 02-21-2025	P	2025-01-24	2025-01-31
	CALL TLT JAN 00088.000 ISHARES 20+ YEAR EXP 01-17-2025	P	2025-01-17	2025-01-24
	CALL TLT JAN 00088.000 ISHARES 20+ YEAR EXP 01-31-2025	P	2024-12-27	2025-01-03
	CALL TLT JAN 00088.500 ISHARES 20+ YEAR EXP 01-24-2025	P	2025-01-03	2025-01-10
	CALL TLT JAN 00089.000 ISHARES 20+ YEAR EXP 01-03-2025	P	2025-07-18	2025-07-25
	CALL TLT JAN 00090.000 ISHARES 20+ YEAR EXP 01-10-2025	P	2025-07-11	2025-07-18
	CALL TLT JUL 00087.500 ISHARES 20+ YEAR EXP 07-25-2025	P	2025-06-27	2025-07-03
	CALL TLT JUL 00088.000 ISHARES 20+ YEAR EXP 07-18-2025	P	2025-07-03	2025-07-11
	CALL TLT JUL 00088.500 ISHARES 20+ YEAR EXP 07-03-2025	P	2025-05-30	2025-06-06
	CALL TLT JUL 00088.500 ISHARES 20+ YEAR EXP 07-11-2025	P	2025-06-06	2025-06-13
	CALL TLT JUN 00087.500 ISHARES 20+ YEAR EXP 06-06-2025	P	2025-06-13	2025-06-20
	CALL TLT JUN 00087.500 ISHARES 20+ YEAR EXP 06-13-2025	P	2025-06-20	2025-06-27
	CALL TLT JUN 00087.500 ISHARES 20+ YEAR EXP 06-20-2025	P	2025-03-14	2025-03-21
	CALL TLT JUN 00087.500 ISHARES 20+ YEAR EXP 06-27-2025	P	2025-03-07	2025-03-14
	CALL TLT MAR 00090.000 ISHARES 20+ YEAR EXP 03-21-2025	P	2025-03-21	2025-03-28
	CALL TLT MAR 00091.000 ISHARES 20+ YEAR EXP 03-14-2025	P	2025-02-28	2025-03-07
	CALL TLT MAR 00091.000 ISHARES 20+ YEAR EXP 03-28-2025	P	2025-05-23	2025-05-30
	CALL TLT MAR 00091.500 ISHARES 20+ YEAR EXP 03-07-2025	P	2025-05-02	2025-05-09
	CALL TLT MAY 00087.000 ISHARES 20+ YEAR EXP 05-30-2025	P	2025-05-09	2025-05-16
	CALL TLT MAY 00088.500 ISHARES 20+ YEAR EXP 05-09-2025	P	2025-05-16	2025-05-23
	CALL TLT MAY 00088.500 ISHARES 20+ YEAR EXP 05-16-2025	P	2025-04-25	2025-05-02
	CALL TLT OCT 00089.500 ISHARES 20+ YEAR EXP 10-03-2025	P	2025-08-29	2025-09-05
	CALL TLT OCT 00090.000 ISHARES 20+ YEAR EXP 10-10-2025	P	2025-09-05	2025-09-12
	CALL TLT SEP 00088.000 ISHARES 20+ YEAR EXP 09-05-2025	P	2025-09-12	2025-09-19
	CALL TLT SEP 00088.500 ISHARES 20+ YEAR EXP 09-12-2025	P	2025-09-19	2025-09-26
	CALL UBER JUN 00080.000 UBER TECHNOLOGIES INC EXP 06-20-2025	P	2024-06-06	2025-01-16
	CALL UNH JAN 00600.000 UNITEDHEALTH GROUP INC EXP 01-16-2026	P	2025-01-16	2025-02-27
	CALL UNH JAN 00600.000 UNITEDHEALTH GROUP INC EXP 01-16-2026	P	2025-04-30	2025-07-30
	CALL UNH JAN 00600.000 UNITEDHEALTH GROUP INC EXP 01-16-2026	P	2024-06-06	2024-01-16
	CALL UNH JUN 00570.000 UNITEDHEALTH GROUP INC EXP 06-18-2026	P	2025-02-27	2025-04-30
	CALL V JAN 00270.000 VISA INC CL A SHRS EXP 01-17-2025	P	2023-10-20	2025-01-16
	CALL V JAN 00270.000 VISA INC CL A SHRS EXP 01-17-2025	P	2025-01-16	2025-04-30
	CALL VEA JUN 00055.000 VANGUARD FTSE DEVELOPED EXP 06-20-2025	P	2024-10-21	2025-02-27
	CALL VEA JUN 00055.000 VANGUARD FTSE DEVELOPED EXP 06-20-2025	P	2025-02-27	2025-06-25
	CALL VEA SEP 00055.000 VANGUARD FTSE DEVELOPED EXP 09-19-2025	P	2024-06-06	2025-02-27
	CALL VGK JUN 00070.000 VANGUARD MSCI EUROPEAN EXP 06-20-2025	P	2025-02-27	2025-06-25
	CALL VGK SEP 00070.000 VANGUARD MSCI EUROPEAN EXP 09-19-2025	P	2024-10-21	2024-06-23
	CALL VPL JUN 00080.000 VANGUARD MSCI PACIFIC EXP 06-20-2025	P	2024-10-21	2025-06-23
	CALL VPL 12/20/24	P	2024-06-06	2024-10-21
	CALL VWO JUN 00050.000 VANGUARD FTSE EMERGING EXP 06-20-2025	P	2024-06-06	2024-10-21
	CALL VWO 1/17/25	P	2025-01-16	2025-03-10
	CALL WMT JAN 00063.330 WALMART INC EXP 01-17-2025	P	2025-03-10	2025-04-30
	COMCAST CORP NEW CL A	P	2017-07-26	2025-07-30
	COMCAST CORP NEW CL A	P	2014-09-03	2025-07-30
	HSBC HLDG PLC SP ADR	P	2018-04-06	2025-04-29
	HUNTINGTON BANCSHARE VAR PERPETUAL	P	2021-03-23	2024-10-15
	INVESCO QQQ TR SER 1(WASH SALE)	P	2024-07-11	2025-01-16
	ISHARES MSCI EAFE	P	2024-11-14	2025-03-07
	ISHARES 20+ YEAR(WASH SALE) TREASURY BOND ETF	P	2024-11-04	2025-04-07
	ISHARES TR RUSSELL 2000	P	2025-03-07	2025-08-21
	JPMORGAN CHASE & CO CLD JR SUBORDNTD SER HH GLB VAR% PERPETUAL	P	2023-01-04	2024-10-01
	WALMART INC	P	2021-05-18	2025-01-16
	CALL QQQ	P	2024-12-20	2024-12-27
	CALL TLT	P	2024-12-20	2024-12-27
	CALL TLT	P	2024-11-04	2024-11-08
	CALL QQQ	P	2024-11-29	2024-12-06
	CALL EFA	P	2024-12-20	2024-12-27
	CALL QQQ	P	2024-10-18	2024-10-25
	CALL QQQ	P	2024-10-25	2024-11-01
	CALL GLD	P	2024-10-18	2024-10-25
	CALL GLD	P	2024-11-01	2024-11-04
	CALL GLD	P	2024-11-01	2024-11-08
	CALL QQQ	P	2024-10-04	2024-10-11
	CALL QQQ	P	2024-11-14	2024-11-21
	CALL QQQ	P	2024-09-27	2024-10-04
	CALL TLT	P	2024-11-15	2024-11-21
	CALL GLD	P	2024-11-15	2024-11-21
	CALL EFA	P	2024-11-14	2024-11-21
	CALL QQQ	P	2024-12-13	2024-12-20
	CALL TLT	P	2024-11-29	2024-12-06
	CALL TLT	P	2024-11-08	2024-11-15
	CALL GLD	P	2024-09-27	2024-10-04
	CALL TLT	P	2024-12-06	2024-12-13
	CALL GLD	P	2024-12-13	2024-12-20
	CALL QQQ	P	2024-11-08	2024-11-15
	CALL GLD	P	2024-12-06	2024-12-13
	CALL EFA	P	2024-12-06	2024-12-13
	CALL TLT	P	2024-11-21	2024-11-29
	CALL EFA	P	2024-11-29	2024-12-06
	CALL GLD	P	2024-11-21	2024-11-29
	CALL QQQ	P	2024-11-21	2024-11-29
	CALL EFA	P	2024-11-21	2024-11-29
	CALL QQQ	P	2024-10-11	2024-10-18
	CALL GLD	P	2024-10-04	2024-10-09
	CALL GLD	P	2024-12-13	2024-12-20
	CALL EFA	P	2024-12-13	2024-12-20
	CALL GLD	P	2024-10-09	2024-10-18
	SPDR GOLD TRUST	P	2024-08-26	2024-10-18
	SPDR GOLD TRUST	P	2024-08-26	2024-10-18
	SPDR GOLD TRUST	P	2024-08-26	1943-12-08
	SPDR GOLD TRUST	P	2024-08-26	2024-11-15
	SPDR GOLD TRUST	P	2024-08-26	2024-12-09
	CITIGROUP INC VAR% PERPETUAL	P	2024-07-05	2025-05-15
	CITIGROUP INC VAR% PERPETUAL	P	2024-10-15	2025-05-15
	CITIGROUP INC VAR% PERPETUAL	P	2025-06-16	2025-09-15
	JP MORGAN CHASE VAR% PERPETUAL	P	2024-10-01	2025-02-03
	PRIDENTIAL FINANCIAL VAR%	P	2024-07-05	2025-05-15
	WELLS FARGO VAR%	P	2024-07-05	2025-06-16
	WELLS FARGO VAR%	P	2025-02-03	2025-06-16
	CITIGROUP INC VAR% PERPETUAL	P	2023-11-02	2025-05-15
	MERCK & CO. INC.	P	2018-06-21	2025-09-16
	POOL CORP	P	2024-07-12	2025-09-16
	ADOBE INC	P	2016-11-10	2025-08-04
	HONEYWELL INTL INC	P	2016-12-06	2025-08-04
	IDEX CORP	P	2021-01-25	2025-08-04
	TWILIO INC A	P	2024-02-15	2025-08-04
	UNITEDHEALTH GROUP I	P	2024-08-08	2025-08-04
	ANSYS INC	P	2021-03-18	2025-07-18
	SYNOPSYS INC	P	2025-07-18	2025-07-18
	ADOBE INC	P	2016-11-10	2025-06-09
	AKAMAI TECHNOLOGIES	P	2017-04-06	2025-06-09
	BANK OF AMERICA CORP	P	2016-08-08	2025-06-09
	CHEVRON CORP NEW	P	2020-02-24	2025-06-09
	DISNEY WALT CO	P	2018-08-16	2025-06-09
	JPMORGAN CHASE & CO	P	2016-07-14	2025-06-09
	PEPSICO INC	P	2016-12-05	2025-06-09
	PINTEREST INC A	P	2020-02-24	2025-06-09
	TELEDYNE TECHNOLOGIE	P	2022-10-27	2025-06-09
	VERALTO CORP	P	2019-03-20	2025-06-09
	AMERICAN TOWER CORP 4% 06/01/2025 CALLABLE	P	2023-03-30	2025-06-02
	ZOETIS INC A	P	2016-11-14	2025-05-01
	ZOETIS INC A	P	2016-11-09	2025-04-30
	ABBOTT LABORATORIES 2.95% 03/15/2025 CALLABLE	P	2019-11-19	2025-03-15
	EXXON MOBIL CORP 2.709% 03/06/2025 CALLABLE	P	2019-11-22	2025-03-06
	ADOBE INC	P	2021-03-17	2024-12-09
	AMD INC	P	2021-03-18	2024-12-09
	BANK OF AMERICA CORP	P	2021-03-19	2024-12-09
	CHEVRON CORP NEW	P	2021-03-20	2024-12-09
	CINTAS	P	2021-03-21	2024-12-09
	DISNEY WALT CO	P	2021-03-22	2024-12-09
	EXXON MOBIL	P	2021-03-23	2024-12-09
	JPMORGAN CHASE AND CO	P	2021-03-24	2024-12-09
	ESTEE LAUDER COS STOCK	P	2021-03-25	2024-12-09
	ESTEE LAUDER COS BOND	P	2021-03-26	2024-12-09
	AMER BEACON STEPHENS SMALL CAP	P	2024-07-09	2025-01-13
	GOLDMAN SACHS GQG PARTNERS	P	2022-07-21	2025-07-15
	LAZARD INTERNATIONAL	P	2019-06-05	2025-07-15
	MFS VALUE FUND	P	2020-01-01	2025-07-24
	T ROWE PRICE MID CAP	P	2020-01-01	2025-07-24
	CAPITAL GAINS DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	39,279	31,860	7,419
b	29,596	50,030	-20,434
c	22,579	48,100	-25,521
d	27,659	19,070	8,589
e	35,179	23,270	11,909
	3,764	1,112	2,652
	14,733	31,881	-17,148
	11,721	19,077	-7,356
	20,540	6,789	13,751
	4,410	1,015	3,395
	3,471	2,140	1,331
	7,800	1,170	6,630
	4,816	952	3,864
	5,184	1,584	3,600
	1,952	3,312	-1,360
	3,426	8,868	-5,442
	1,185	7,035	-5,850
	3,388	8,378	-4,990
	3,183	34	3,149
	4,454	4,192	262
	2,593	37	2,556
	5,440	7,538	-2,098
	6,372	18,421	-12,049
	7,264	1,530	5,734
	8,183	4,752	3,431
	530	976	-446
	1,056	9,690	-8,634
	2,621	3,646	-1,025
	160	239	-79
	267	80	187
	4,768	6,000	-1,232
	2,420	6,384	-3,964
	2,956	817	2,139
	2,976	3,201	-225
	3,160	524	2,636
	896	6,820	-5,924
	663	185	478
	3,176	5,258	-2,082
	3,164	1,480	1,684
	513	228	285
	5,209	20,602	-15,393
	3,078	8,908	-5,830
	3,660	2,115	1,545
	3,102	3,201	-99
	1,664	8,140	-6,476
	1,860	945	915
	2,547	4,946	-2,399
	3,026	1,873	1,153
	1,937	32	1,905
	5,518	3,720	1,798
	3,756	19,320	-15,564
	5,507	276	5,231
	7,335	11,089	-3,754
	1,170	4,948	-3,778
	414	180	234
	3,155	7,343	-4,188
	2,827	5,295	-2,468
	3,562	3,883	-321
	3,283	25	3,258
	1,309	2,742	-1,433
	2,212	4,319	-2,107
	2,118	2,304	-186
	2,147	6,900	-4,753
	3,080	4,471	-1,391
	1,394	6,216	-4,822
	3,175	6,430	-3,255
	3,268	3,219	49
	2,355	7,488	-5,133
	2,296	9,316	-7,020
	3,618	6,822	-3,204
	4,350	4,157	193
	2,669	8,280	-5,611
	29,839	15,277	14,562
	25,369	29,470	-4,101
	12,480	29,109	-16,629
	17,350	11,180	6,170
	17,710	15,550	2,160
	17,186	8,570	8,616
	11,334	33,529	-22,195
	9,564	34,886	-25,322
	6,004	3,300	2,704
	1,592	5,904	-4,312
	3,962	2,250	1,712
	7,050	7,725	-675
	1,215	64	1,151
	10,075	5,265	4,810
	3,831	12,100	-8,269
	1,200	13,360	-12,160
	1,774	63	1,711
	1,920	1,312	608
	1,344	128	1,216
	7,263	32	7,231
	5,773	14,396	-8,623
	12,380	23,582	-11,202
	10,794	40	10,754
	15,609	14,521	1,088
	9,044	19,710	-10,666
	13,682	30,528	-16,846
	17,952	15,202	2,750
	14,052	11,072	2,980
	12,485	7,794	4,691
	7,557	20,660	-13,103
	10,442	19,469	-9,027
	15,005	6,188	8,817
	11,288	8,744	2,544
	11,898	6,554	5,344
	5,326	431	4,895
	5,016	620	4,396
	12,076	96	11,980
	1,920	1,312	608
	5,088	2,415	2,673
	5,548	11,799	-6,251
	10,458	63	10,395
	5,694	14,754	-9,060
	8,586	7,592	994
	8,204	8,987	-783
	8,244	16,423	-8,179
	8,789	185	8,604
	24,473	15,564	8,909
	12,630	38,502	-25,872
	16,914	46,050	-29,136
	12,224	16,000	-3,776
	20,091	12,314	7,777
	16,187	10,394	5,793
	18,737	14,039	4,698
	11,955	9,411	2,544
	746	170	576
	1,475	20	1,455
	804	12	792
	6,911	19,011	-12,100
	9,132	331	8,801
	11,662	16,327	-4,665
	8,862	7,019	1,843
	12,855	1,494	11,361
	7,026	5,027	1,999
	7,275	7,541	-266
	6,859	4,192	2,667
	7,074	12	7,062
	4,057	13	4,044
	1,469	2,641	-1,172
	6,313	15,216	-8,903
	5,507	91	5,416
	8,412	416	7,996
	10,416	15,839	-5,423
	7,610	10,971	-3,361
	8,403	10,872	-2,469
	9,497	19,155	-9,658
	11,006	5,394	5,612
	7,890	4,824	3,066
	5,929	25,704	-19,775
	7,327	4,595	2,732
	1,056	12	1,044
	264	12	252
	1,764	12	1,752
	1,244	12	1,232
	2,112	4,097	-1,985
	3,977	401	3,576
	5,426	29,645	-24,219
	7,580	9,422	-1,842
	10,217	498	9,719
	6,728	8,879	-2,151
	7,813	12,500	-4,687
	10,076	21,138	-11,062
	7,807	1,637	6,170
	2,174	69	2,105
	1,340	560	780
	3,430	37	3,393
	455	1,222	-767
	525	70	455
	595	35	560
	1,157	35	1,122
	455	35	420
	1,216	1,088	128
	2,175	9,020	-6,845
	2,080	288	1,792
	1,619	223	1,396
	384	64	320
	736	1,728	-992
	864	32	832
	480	32	448
	448	32	416
	140	35	105
	280	35	245
	690	35	655
	560	35	525
	875	35	840
	532	35	497
	1,120	35	1,085
	665	798	-133
	2,189	3,324	-1,135
	2,432	58	2,374
	1,983	64	1,919
	2,811	160	2,651
	445	210	235
	1,785	35	1,750
	840	36	804
	526	35	491
	2,730	35	2,695
	385	1,015	-630
	2,030	3,920	-1,890
	3,430	945	2,485
	2,380	630	1,750
	7,490	3,330	4,160
	10,635	4,407	6,228
	4,779	570	4,209
	6,411	5,688	723
	7,041	3,381	3,660
	4,722	14,757	-10,035
	13,038	18,184	-5,146
	4,845	19,765	-14,920
	23,171	12,800	10,371
	255	2,825	-2,570
	6,920		6,920
	8,642		8,642
	3,120	2,920	200
	8,642		8,642
	4,698	10,440	-5,742
	10,320	8,720	1,600
	9,640	14,970	-5,330
	17,136	19,316	-2,180
	81,716	68,906	12,810
	115,317	93,252	22,065
	75,000	76,707	-1,707
	51,703	51,175	528
	671,341	623,298	48,043
	290,264	295,168	-4,904
	224,910	205,882	19,028
	125,000	124,825	175
	27,190	14,230	12,960
	525	32	493
	4,288	223	4,065
	853	17	836
	240	102	138
	11,837	12,979	-1,142
	15,914	55	15,859
	6,328	7,804	-1,476
	4,354	3,100	1,254
	4,354	20	4,334
	7,470	5,560	1,910
	7,914	469	7,445
	13,962	436	13,526
	640	128	512
	1,133	6,357	-5,224
	5,243	1,931	3,312
	9,769	33	9,736
	2,484	3,503	-1,019
	2,679	32	2,647
	6,540	3,100	3,440
	3,279	32	3,247
	608	32	576
	1,710	14	1,696
	1,579	1,622	-43
	7,417	334	7,083
	832	7,427	-6,595
	2,271	59	2,212
	2,891	488	2,403
	4,321	1,035	3,286
	2,820	3,515	-695
	12,449	9,199	3,250
	5,369	376	4,993
	2,382	18	2,364
	810	80	730
	5,658	5,544	114
	76	71	5
	76	71	5
	252,933	232,340	20,593
	86	84	2
	81	77	4
	125,000	125,760	-760
	75,000	76,449	-1,449
	76,775	75,435	1,340
	60,000	60,318	-318
	200,000	198,860	1,140
	200,000	200,951	-951
	160,000	161,519	-1,519
	75,000	74,881	119
	100,000	102,000	-2,000
	81,024	58,009	23,015
	73,210	73,492	-282
	89,465	52,641	36,824
	132,002	87,337	44,665
	74,203	79,608	-5,405
	37,266	24,764	12,502
	48,467	113,366	-64,899
	19,911		19,911
	17,158	369	16,789
	20,798	5,272	15,526
	134,950	107,256	27,694
	74,511	44,796	29,715
	58,113	48,944	9,169
	96,254	85,230	11,024
	46,592	26,529	20,063
	62,574	51,788	10,786
	92,990	68,120	24,870
	155,506	124,742	30,764
	47,551	28,202	19,349
	100,000	100,000	0
	25,974	15,526	10,448
	100,000	100,000	0
	100,000	100,000	0
	100,000	100,000	0
	24,913	13,822	11,091
	32,482	18,884	13,598
	37,752	23,315	14,437
	18,664	15,602	3,062
	80,085	44,784	35,301
	30,209	29,227	982
	27,952	18,377	9,575
	42,705	24,643	18,062
	12,921	31,972	-19,051
	100,000	101,220	-1,220
	483	465	18
	1,270	983	287
	1,409	1,307	102
	41,231	35,673	5,558
	15,422	14,516	906
	91,454		91,454

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			7,419
b			-20,434
c			-25,521
d			8,589
e			11,909
			2,652
			-17,148
			-7,356
			13,751
			3,395
			1,331
			6,630
			3,864
			3,600
			-1,360
			-5,442
			-5,850
			-4,990
			3,149
			262
			2,556
			-2,098
			-12,049
			5,734
			3,431
			-446
			-8,634
			-1,025
			-79
			187
			-1,232
			-3,964
			2,139
			-225
			2,636
			-5,924
			478
			-2,082
			1,684
			285
			-15,393
			-5,830
			1,545
			-99
			-6,476
			915
			-2,399
			1,153
			1,905
			1,798
			-15,564
			5,231
			-3,754
			-3,778
			234
			-4,188
			-2,468
			-321
			3,258
			-1,433
			-2,107
			-186
			-4,753
			-1,391
			-4,822
			-3,255
			49
			-5,133
			-7,020
			-3,204
			193
			-5,611
			14,562
			-4,101
			-16,629
			6,170
			2,160
			8,616
			-22,195
			-25,322
			2,704
			-4,312
			1,712
			-675
			1,151
			4,810
			-8,269
			-12,160
			1,711
			608
			1,216
			7,231
			-8,623
			-11,202
			10,754
			1,088
			-10,666
			-16,846
			2,750
			2,980
			4,691
			-13,103
			-9,027
			8,817
			2,544
			5,344
			4,895
			4,396
			11,980
			608
			2,673
			-6,251
			10,395
			-9,060
			994
			-783
			-8,179
			8,604
			8,909
			-25,872
			-29,136
			-3,776
			7,777
			5,793
			4,698
			2,544
			576
			1,455
			792
			-12,100
			8,801
			-4,665
			1,843
			11,361
			1,999
			-266
			2,667
			7,062
			4,044
			-1,172
			-8,903
			5,416
			7,996
			-5,423
			-3,361
			-2,469
			-9,658
			5,612
			3,066
			-19,775
			2,732
			1,044
			252
			1,752
			1,232
			-1,985
			3,576
			-24,219
			-1,842
			9,719
			-2,151
			-4,687
			-11,062
			6,170
			2,105
			780
			3,393
			-767
			455
			560
			1,122
			420
			128
			-6,845
			1,792
			1,396
			320
			-992
			832
			448
			416
			105
			245
			655
			525
			840
			497
			1,085
			-133
			-1,135
			2,374
			1,919
			2,651
			235
			1,750
			804
			491
			2,695
			-630
			-1,890
			2,485
			1,750
			4,160
			6,228
			4,209
			723
			3,660
			-10,035
			-5,146
			-14,920
			10,371
			-2,570
			6,920
			8,642
			200
			8,642
			-5,742
			1,600
			-5,330
			-2,180
			12,810
			22,065
			-1,707
			528
			48,043
			-4,904
			19,028
			175
			12,960
			493
			4,065
			836
			138
			-1,142
			15,859
			-1,476
			1,254
			4,334
			1,910
			7,445
			13,526
			512
			-5,224
			3,312
			9,736
			-1,019
			2,647
			3,440
			3,247
			576
			1,696
			-43
			7,083
			-6,595
			2,212
			2,403
			3,286
			-695
			3,250
			4,993
			2,364
			730
			114
			5
			5
			20,593
			2
			4
			-760
			-1,449
			1,340
			-318
			1,140
			-951
			-1,519
			119
			-2,000
			23,015
			-282
			36,824
			44,665
			-5,405
			12,502
			-64,899
			19,911
			16,789
			15,526
			27,694
			29,715
			9,169
			11,024
			20,063
			10,786
			24,870
			30,764
			19,349
			0
			10,448
			0
			0
			0
			11,091
			13,598
			14,437
			3,062
			35,301
			982
			9,575
			18,062
			-19,051
			-1,220
			18
			287
			102
			5,558
			906
			91,454

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	491,524
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	3,707
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	3,707
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	3,707
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	4,117
b	Exempt foreign organizations—tax withheld at source......	6b	0
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	4,117
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	410
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax410	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

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

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

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

on foundation managers. right arrow

$ 0

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

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

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

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

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

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

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

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

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

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

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

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

Yes

Website address right arrow

N/A

The books are in care of right arrow

DR BOB & JEAN SMITH FOUNDATION Telephone no. right arrow

(214) 521-3461

Located at right arrow

3811 TURTLE CREEK BLVD SUITE 1420DALLASTX ZIP+4 right arrow

75219

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

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

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

1a(2)

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

1a(3)

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

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

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

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

Yes

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

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

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

5a(3)

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

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

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

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

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

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

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

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

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

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

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

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

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
SALLY SMITH MASHBURN	PRESIDENT/CHAIRWOMAN 40.00	261,353
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	PRESIDENT/CHAIRWOMAN 40.00	261,353
SCOTT R SMITH	DIRECTOR 1.00	5,000
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	5,000
MARTY S KELLEY	DIRECTOR 1.00	6,500
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	6,500
ROBERT H WEST	DIRECTOR 1.00	6,500
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	6,500
BILL R WOMBLE	DIRECTOR 1.00	6,500
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	6,500
BROOKS KELLEY	DIRECTOR 1.00	6,500
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	6,500
WHITNEY WALLACE MEYER	DIRECTOR 1.00	114,833
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	114,833
CHRISTIANNA KELLEY	DIRECTOR 1.00	6,500
3811 TURTLE CREEK BLVD SUITE 750 DALLAS,TX75219	DIRECTOR 1.00	6,500

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
SCHWENN & ASSOCIATES	ACCOUNTING	152,175
106 N DENTON TAP RD STE 210-334 COPPELL,TX75019	ACCOUNTING	152,175
HOLLAND & KNIGHT	LEGAL	61,898
PO BOX 936937 ATLANTA,GA311936937	LEGAL	61,898

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

Part VIII-A

Summary of Direct Charitable Activities

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


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

Page 8

Part IX

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

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

purposes:

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

21,080,035

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

900,141

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

1,401

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

21,981,577

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

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

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

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

21,981,577

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

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

329,724

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

21,651,853

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

1,082,593

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

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

1,082,593

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

3,707

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

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

3,707

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

1,078,886

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

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

1,078,886

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

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

1,078,886

Part XI

Qualifying Distributions (see instructions)

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

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

897,988

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

897,988

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				1,078,886
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......			583,553
b Total for prior years:20 , 20, 20		0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 897,988
a Applied to 2023, but not more than line 2a			583,553
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.....				314,435
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2024.	0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........				764,451
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......	0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...	0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

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

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

Check here right arrow

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

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

SALLY MASHBURN
3811 TURTLE CREEK CENTRE SUITE 200
DALLAS,TX75219
(214) 521-3461

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

WRITTEN REQUEST WITH FORM 990.

cAny submission deadlines:

APPLICABLE ORGANIZATION CAN APPLY AT ANY TIME. THE REQUEST WILL BE REVIEWED ON A QUARTERLY BASIS.

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

TYPICALLY MEDICAL AND EDUCATIONAL APPLICANTS ARE PREFERRED.

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CHILDREN'S MEDICAL CENTER PO BOX 847253 DALLAS,TX75284	NONE	PC	UNRESTRICTED GIFT	200,000
CHRIST'S FAMILY CLINIC 6409 PRESTON ROAD DALLAS,TX75205	NONE	PC	UNRESTRICTED GIFT	75,000
EDUCATIONAL FIRST STEPS 2515 GASTON AVE DALLAS,TX75226	NONE	PC	UNRESTRICTED GIFT	30,000
ENVISION DALLAS 4300 CAPITOL AVE DALLAS,TX75204	NONE	PC	UNRESTRICTED GIFT	125,000
HOPE FARMS 865 E RAMSEY AVE FORT WORTH,TX761046594	NONE	PC	UNRESTICTED GIFT	35,000
METHODIST HEALTH SYSTEM FOUNDATION PO BOX 655999 DALLAS,TX752655999	NONE	PC	UNRESTRICTED GIFT	200,000
METROCREST SERVICES 1345 RIVER BEND DR STE 200 DALLAS,TX75247	NONE	PC	UNRESTRICTED GRANT	450
SMU LECTURE SERIES PO BOX 750460 DALLAS,TX75275	NONE	PC	UNRESTRICTED GRANT	4,448
YELLOW ROSE GALA FOUNDATION PO BOX 192131 DALLAS,TX75219	NONE	PC	UNRESTRICTED GIFT	10,000
Total ................................. 3a				679,898

bApproved for future payment

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

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	528,505
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 .....			18	3,656
8 Gain or (loss) from sales of assets other than inventory ............			18	491,524
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		1,023,685	0

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

1,023,685

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

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

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
SOFA	1979-06-01	2,486	2,486	SL	7.000000000000	0	0
SOFA	1979-06-01	1,631	1,631	SL	7.000000000000	0	0
SIDE CHAIRS	1979-06-01	2,345	2,345	SL	7.000000000000	0	0
PULL UP CHAIRS	1979-06-01	3,562	3,562	SL	7.000000000000	0	0
END TABLES	1979-06-01	4,108	4,108	SL	7.000000000000	0	0
COFFEE TABLES	1979-06-01	1,580	1,580	SL	7.000000000000	0	0
SIDEBOARD	1979-06-01	2,001	2,001	SL	7.000000000000	0	0
RUG	1979-06-01	1,531	1,531	SL	7.000000000000	0	0
LAMPS	1979-06-01	1,669	1,669	SL	7.000000000000	0	0
PLANTERS	1979-06-01	735	735	SL	7.000000000000	0	0
ART WORK	1979-06-01	2,248	2,248	SL	7.000000000000	0	0
PILLOWS	1979-06-01	446	446	SL	7.000000000000	0	0
MISCELLANEOUS	1979-06-01	293	293	SL	7.000000000000	0	0
SECRETARY DESK	1979-06-01	4,714	4,714	SL	7.000000000000	0	0
CREDENZA	1979-06-01	3,702	3,702	SL	7.000000000000	0	0
CRT TABLE	1979-06-01	2,700	2,700	SL	7.000000000000	0	0
BOOKCASES	1979-06-01	620	620	SL	7.000000000000	0	0
GUEST CHAIRS	1979-06-01	4,235	4,235	SL	7.000000000000	0	0
EXECUTIVE CHAIRS	1979-06-01	3,575	3,575	SL	7.000000000000	0	0
FILE CABINETS	1979-06-01	1,400	1,400	SL	7.000000000000	0	0
FILE CBAINET	1979-06-01	395	395	SL	7.000000000000	0	0
ART WORK	1979-06-01	985	985	SL	7.000000000000	0	0
FAX MACHINE	1979-06-01	400	400	SL	7.000000000000	0	0
SCANNER	2011-09-11	429	429	SL	5.000000000000	0	0
DESKTOP	2013-07-19	2,268	2,268	SL	5.000000000000	0	0
TELEPHONE	2014-10-30	5,542	5,542	SL	5.000000000000	0	0
REFRIGERATOR & DISHWASHER	2014-11-12	2,246	2,246	SL	7.000000000000	0	0
RUG RECEPTION	2014-11-30	5,800	5,800	SL	7.000000000000	0	0
TELEVISION & MOUNT	2014-12-31	386	386	SL	7.000000000000	0	0
FRONT DOOR LOCKS	2015-01-26	660	660	SL	7.000000000000	0	0
FURNITURE	2015-02-18	1,525	1,525	SL	7.000000000000	0	0
RUG - EXECUTIVE	2015-03-16	6,616	6,616	SL	7.000000000000	0	0
TELEPHONE	2015-03-26	165	165	SL	5.000000000000	0	0
PLANTS	2015-03-30	874	874	SL	7.000000000000	0	0
FURNITURE	2015-03-31	159	159	SL	7.000000000000	0	0
PLANTS	2015-04-10	1,000	1,000	SL	7.000000000000	0	0
OMNISAFE	2015-04-17	187	187	SL	7.000000000000	0	0
CHAIR	2016-03-03	665	665	SL	7.000000000000	0	0
DELL TOUCH SCREEN	2016-05-23	272	272	SL	5.000000000000	0	0
FURNITURE	2014-05-14	4,505	4,505	SL	7.000000000000	0	0
IPAD	2018-07-16	1,551	1,551	SL	5.000000000000	0	0
APPLE ACCESSORY	2018-08-06	128	128	SL	5.000000000000	0	0
DELL COMPUTER	2019-10-28	1,372	1,348	SL	5.000000000000	24	24
MICROSOFT LAPTOP	2020-05-20	3,506	3,038	SL	5.000000000000	468	468
SCANSNAP	2020-06-18	433	370	SL	5.000000000000	63	63
TELEPHONE PROCESSING BOARD	2021-08-31	1,104	681	SL	5.000000000000	221	0
POWER SUPPLY	2023-01-20	635	212	SL	5.000000000000	127	0
COMPUTER & PRINTER	2024-06-04	740	49	SL	5.000000000000	148	0

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FROST INVESTMENTS	AT COST	478,333	472,568
LUTHER KING CAPITAL MANAGEMENT	AT COST	5,089,202	8,480,390
MERRILL LYNCH 2468	AT COST	1,386,713	1,456,368
TRUE NORTH	AT COST	5,327,516	5,834,193

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
SOFA	2,486	2,486	0
SOFA	1,631	1,631	0
SIDE CHAIRS	2,345	2,345	0
PULL UP CHAIRS	3,562	3,562	0
END TABLES	4,108	4,108	0
COFFEE TABLES	1,580	1,580	0
SIDEBOARD	2,001	2,001	0
RUG	1,531	1,531	0
LAMPS	1,669	1,669	0
PLANTERS	735	735	0
ART WORK	2,248	2,248	0
PILLOWS	446	446	0
MISCELLANEOUS	293	293	0
SECRETARY DESK	4,714	4,714	0
CREDENZA	3,702	3,702	0
CRT TABLE	2,700	2,700	0
BOOKCASES	620	620	0
GUEST CHAIRS	4,235	4,235	0
EXECUTIVE CHAIRS	3,575	3,575	0
FILE CABINETS	1,400	1,400	0
FILE CBAINET	395	395	0
ART WORK	985	985	0
FAX MACHINE	400	400	0
SCANNER	429	429	0
DESKTOP	2,268	2,268	0
TELEPHONE	5,542	5,542	0
REFRIGERATOR & DISHWASHER	2,246	2,246	0
RUG RECEPTION	5,800	5,800	0
TELEVISION & MOUNT	386	386	0
FRONT DOOR LOCKS	660	660	0
FURNITURE	1,525	1,525	0
RUG - EXECUTIVE	6,616	6,616	0
TELEPHONE	165	165	0
PLANTS	874	874	0
FURNITURE	159	159	0
PLANTS	1,000	1,000	0
OMNISAFE	187	187	0
CHAIR	665	665	0
DELL TOUCH SCREEN	272	272	0
FURNITURE	4,505	4,505	0
IPAD	1,551	1,551	0
APPLE ACCESSORY	128	128	0
DELL COMPUTER	1,372	1,372	0
MICROSOFT LAPTOP	3,506	3,506	0
SCANSNAP	433	433	0
TELEPHONE PROCESSING BOARD	1,104	902	202
POWER SUPPLY	635	339	296
COMPUTER & PRINTER	740	197	543

Description	Revenue and Expenses per Books	Net Investment Income
BANK SERVICE CHARGES	210	210
BOND AMORTIZATION	20,104	20,104
PASS THRU EXPENSES FROM K-1	47,939	47,939
DUES AND SUBSCRIPTIONS	811	811
INSURANCE	6,082	6,082
OFFICE SUPPLIES	256	256
TELEPHONE	2,966	2,966
SOFTWARE LICENSES	325	325

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
GAS ROYALTY INCOME	2,980	2,980	2,980
MISCELLANEOUS INCOME	676	676	676