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
THE CHARLES C MATTHEWS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 1138
  Room/suite
City or town
CARTHAGE
State or province
TX
Country  
ZIP or foreign postal code
75633
A Employer identification number

75-2741045
B Telephone number (see instructions)

9036939191
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)$21,089,489J 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 617 617 617
4 Dividends and interest from securities... 218,711 218,711 218,711
5a Gross rents............ 7,000 7,000 7,000
b Net rental income or (loss) -832
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
469,757
b Gross sales price for all assets on line 6a 603,937
7 Capital gain net income (from Part IV, line 2)... 513,796
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
603,334 603,334 603,334
12 Total. Add lines 1 through 11........ 1,299,419 1,343,458 829,662
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 332,500 249,375   83,125
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
8,000 2,000   6,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,450 13,005   1,445
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
11,993 11,993    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
11,136 11,136  
20 Occupancy.............. 2,270 2,270    
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,991 30,956 7,832 35
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 411,340 320,735 7,832 90,605
25 Contributions, gifts, grants paid....... 814,300 814,300
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,225,640 320,735 7,832 904,905
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 73,779
b Net investment income (if negative, enter -0-) 1,022,723
c Adjusted net income (if negative, enter -0-)... 821,830
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.............      
2 Savings and temporary cash investments......... 218,081 235,588 235,588
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.......... 6,785 10,500 10,500
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,086,249 Click to see attachment
List of Attached Documents:
// Content
3,249,193 		8,457,029
c Investments—corporate bonds (attach schedule)....... 60,511 Click to see attachment
List of Attached Documents:
// Content
60,511 		51,940
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,281,941 Click to see attachment
List of Attached Documents:
// Content
8,167,761 		10,328,193
14 Land, buildings, and equipment: basis 2,148,432
Less: accumulated depreciation (attach schedule) 317,433 1,835,576 Click to see attachment
List of Attached Documents:
// Content
1,830,999 		1,830,999
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
176,989 		Click to see attachment
List of Attached Documents:
// Content
175,240 		Click to see attachment
List of Attached Documents:
// Content
175,240
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 13,666,132 13,729,792 21,089,489
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22).........   0
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...........    
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 13,666,132 13,729,792
29 Total net assets or fund balances (see instructions)..... 13,666,132 13,729,792
30 Total liabilities and net assets/fund balances (see instructions). 13,666,132 13,729,792
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
13,666,132
2
Enter amount from Part I, line 27a .....................
2
73,779
3
Other increases not included in line 2 (itemize)
3
 
4
Add lines 1, 2, and 3 ..........................
4
13,739,911
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
10,119
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
13,729,792
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.)
1a
b
c
d
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
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
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 2 513,796
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ......................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here 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 14,216
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 14,216
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 14,216
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 29,500
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,500
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 201
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 15,083
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax15,083 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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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 ofRAYMOND C SCHIEFFER PC CPA Telephone no. (903) 693-7837

Located at1146 W PANOLACARTHAGETX ZIP+475633
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
 
 
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
 
No
If "Yes," list the years 20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
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
 
 
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
 
 
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
ROBERT M UNDERWOOD TRUSTEE
10.00 		67,500 0 0
PO BOX 1138
CARTHAGE,TX75633
RICHARD BALLENGER TRUSTEE
7.50 		67,500 0 0
1276 STATE HWY 149
CARTHAGE,TX75633
JIMMY D PAYNE TRUSTEE
2.50 		65,000 0 0
CR 304
CARTHAGE,TX75633
DAVID BUSH TRUSTEE
7.50 		67,500 0 0
665 CR 403
CARTHAGE,TX75633
VERMOYN D REEDER TRUSTEE
2.50 		65,000 0 0
110 CR 1081
CARTHAGE,TX75633
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  
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 N/A  
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
17,796,187
b
Average of monthly cash balances.......................
1b
243,465
c
Fair market value of all other assets (see instructions)................
1c
1,826,219
d
Total (add lines 1a, 1b, and 1c).......................
1d
19,865,871
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
19,865,871
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
297,988
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
19,567,883
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
978,394
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
978,394
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
14,216
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,216
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
964,178
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
964,178
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
964,178
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) ..........
1a
904,905
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
904,905
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 7 964,178
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 814,209
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2025 from Part
XI, line 4: $ 904,905
a Applied to 2024, but not more than line 2a 814,209
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		 
d Applied to 2025 distributable amount..... 90,696
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2025.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		873,482
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
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

BECKVILLE ISD FOUNDATION
BECKVILLE ISD FOUNDATION
1 BEARCAT DR
1 BEARCAT DR
BECKVILLE,TX75631 		NONE   DONATION 30,000

CARTHAGE ISD ATHLETIC DEPT
CARTHAGE ISD ATHLETIC DEPT
1 BULLDOG DR
1 BULLDOG DR
CARTHAGE,TX75633 		NONE   DONATION 11,000

CARTHAGE ISD FOUNDATION
CARTHAGE ISD FOUNDATION
1 BULLDOG DR
1 BULLDOG DR
CARTHAGE,TX75633 		NONE   SCHOLARSHIPS 100,000

CLAYTON VOLUNTEER FIRE DEPT
CLAYTON VOLUNTEER FIRE DEPT
4588 TEXAS 315
4588 TEXAS 315
CLAYTON,TX75637 		NONE   DONATION 5,000

FIRST UNITED METHODIST CHURCH
FIRST UNITED METHODIST CHURCH
201 S SHELBY
201 S SHELBY
CARTHAGE,TX75633 		NONE   DONATION - BUILDING FUND 5,000

GARY INDEPENDENT SCHOOL DISTRICT
GARY INDEPENDENT SCHOOL DISTRICT
132 BOBCAT TRAIL
132 BOBCAT TRAIL
GARY,TX75643 		NONE   SCHOLARSHIPS 20,000

PANOLA CO CANCER COALITION
PANOLA CO CANCER COALITION
PO BOX 70
PO BOX 70
CARTHAGE,TX75633 		NONE   DONATION 25,000

PANOLA CO CATTLEMEN'S ASSOC
PANOLA CO CATTLEMEN'S ASSOC
173 ROE ST
173 ROE ST
CARTHAGE,TX75633 		NONE   SCHOLARSHIPS 7,500

PANOLA COLLEGE
PANOLA COLLEGE
1109 W PANOLA
1109 W PANOLA
CARTHAGE,TX75633 		NONE   ENERGY BUILDING 150,000

PANOLA COLLEGE
PANOLA COLLEGE
1109 W PANOLA
1109 W PANOLA
CARTHAGE,TX75633 		NONE   ENDOWMENT 300,000

PANOLA COUNTY SHRINE CLUB
PANOLA COUNTY SHRINE CLUB
403 N DAVIS
403 N DAVIS
CARTHAGE,TX75633 		NONE   DONATION 5,000

ST JUDE'S CHILDREN RESEARCH CENTER
ST JUDE'S CHILDREN RESEARCH CENTER
501 ST JUDE PLACE
501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE   DONATION 15,000

BAYLOR UNIVERSITY
BAYLOR UNIVERSITY
ONE BEAR PLACE 97028
ONE BEAR PLACE 97028
WACO,TX76798 		NONE   SCHLORSHIPS 60,000

SHRINER'S CHILDREN'S HOSPITAL
SHRINER'S CHILDREN'S HOSPITAL
2900 N ROCKY POINT DR
2900 N ROCKY POINT DR
TAMPA,FL33607 		NONE   DONATION 10,000

PALM BEACH ATLANTIC UNIVERSITY
PALM BEACH ATLANTIC UNIVERSITY
901 S FLAGLER DRIVE
901 S FLAGLER DRIVE
WEST PALM BEACH,FL33401 		NONE   SCHOLARSHIP 21,550

BECKVILLE YOUTH SPORTS ASSN
BECKVILLE YOUTH SPORTS ASSN
172 CR 2151
172 CR 2151
BECKVILLE,TX75631 		NONE   DONATION - BASEBALL COMPLEX 2,000

ETX HITMAN BASEBALL
ETX HITMAN BASEBALL
BALLPARK ROAD
BALLPARK ROAD
CARTHAGE,TX75633 		NONE   EDUCATIONAL GIFT 500

COMMUNITY FDN OF TX HILL COUNTRY
COMMUNITY FDN OF TX HILL COUNTRY
241 EARL GARRETT STREET
241 EARL GARRETT STREET
KERRVILLE,TX78028 		NONE   FLOOD RELIEF 5,000

CARTHAGE FIRE DEPT
CARTHAGE FIRE DEPT
321 W PANOLA
321 W PANOLA
CARTHAGE,TX75633 		NONE   DONATION 5,000

BECKVILLE FIRE DEPT
BECKVILLE FIRE DEPT
120 S WASHINGTON
120 S WASHINGTON
BECKVILLE,TX75631 		NONE   DONATION 5,000

INTER-COMMUNITY FIRE DEPT
INTER-COMMUNITY FIRE DEPT
134 FM 1186
134 FM 1186
DEBERRY,TX75639 		NONE   DONATION 5,000

COMMUNITY FOUR FIRE DEPT
COMMUNITY FOUR FIRE DEPT
US 79
US 79
DEBERRY,TX75639 		NONE   DONATION 5,000

FLATWOODS FIRE DEPT
FLATWOODS FIRE DEPT
31 STATE LINE ROAD
31 STATE LINE ROAD
CARTHAGE,TX75633 		NONE   DONATION 5,000

WOODS FIRE DEPT
WOODS FIRE DEPT
208 CR 425
208 DR 425
TENAHA,TX75974 		NONE   DONATION 5,000

GARY FIRE DEPT
GARY FIRE DEPT
4712 FM 10
4712 FM 10
GARY,TX75643 		NONE   DONATION 5,000

CISD TSA BOOSTER CLUB
CISD TSA BOOSTER CLUB
1 BULLDOG DR
1 BULLDOG DR
CARTHAGE,TX75633 		NONE   DONATION - SCHOLARSHIP FUNDRAISER 6,500

PANOLA SOIL & WATER CONSERVATION
PANOLA SOIL & WATER CONSERVATION
1497 COUNTRY VIEW LANE
1497 COUNTRY VIEW LANE
TEMPLE,TX76504 		NONE   DONATION - LOCAL TIM BOONE 250
Total ................................. 3a 814,300
bApproved for future payment
Total ................................. 3b  
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 ........... 		    14 617  
4 Dividends and interest from securities ....     14 218,711  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -832  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     15 190,545  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    14 513,796 -44,039
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aENTPRISE PP LP K-1 ORD LOSS 		    1 -9,420  
bENERGY TRNSFR LP K-1 ORD LO     1 -657  
cENERGY TRNSFR LP K-1 RENTAL     1 -8  
dMPLX LP K-1 ORD LOSS     1 -3,050  
eMPLX LP K-1 OTHR NET RENT I     1 1  
fENTERPRISE PP K-1 OTHER LOS     1 -1  
gOAKTREE CAP K-1 OTHER INC     1 135  
hEDWARD JONES - OTHER INCOME     1 15,101  
iJACKSON NATL LIFE 1099-R     1 156,698  
jNATIONWIDE LIFE INS 1099-M     1 253,990  
12 Subtotal. Add columns (b), (d), and (e) ..   1,335,626 -44,039
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,291,587
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (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:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 14,450 13,005   1,445

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

TY 2025 DepreciationSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
RANCH BUILDING 2010-04-28 42,530 15,403 S/L 39.0000 1,091 1,091    
RANCH LAND -- 715.63 AC 2010-04-28 530,146              
WATER WELL 2011-12-11 983 983 S/L 7.0000        
SMITH RANCH HOUSE 2013-04-16 255,700 75,399 S/L 39.0000 6,557 6,557    
FENCING & GATES 2013-04-16 102,121 102,121 S/L 7.0000        
JW SMITH PONDS -- CONSV EXP 2013-01-01 150,000 19,511   20.0000 1,750 1,750    
J W SMITH LAND -- 432.197 AC 2013-04-16 829,638              
FENCING & GATES 2014-12-16 12,000 12,000 S/L 7.0000        
BREVARD TRACT LAND 2014-12-16 108,613              
PONDS - BREVARD LAND CONSERVATION 2014-12-16 5,000     20.0000        
FENCING 2015-06-09 30,000 30,000 S/L 7.0000        
JE METCALF LAND - 270.755 ACRS 2015-06-09 141,113              
FENCING 2022-06-06 2,139 764 S/L 7.0000 306 306    
PONDS - MAJOR DAMAGE 2019-08-31 41,500              
MAJOR ROAD REPAIRS 2023-05-21 18,070 1,907 S/L 15.0000 1,205 1,205    
BBQ GRILL 2023-11-07 1,400 300 S/L 7.0000 200 200    
MAJOR ROAD REPAIRS 2025-12-03 4,807   S/L 15.0000 27 27    

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TY 2025 GainLossSaleOtherAssetsSch
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
794 SHARES OF FMC CORP 2024-03 PURCHASE 2025-11   10,692 47,756     -37,064  
120 SHARES OF ZIMMER BIOMET HLDGS 2018-05 PURCHASE 2025-11   12,183 13,426     -1,243  
633 SHARES OF DOW 2010-04 PURCHASE 2025-11   14,269 30,490     -16,221  
522 SHARES OF ZIMMER BIOMET HLDGS 2010-04 PURCHASE 2025-11   52,997 42,508     10,489  

TY 2025 InvestmentsCorpBondsSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name of Bond End of Year Book Value End of Year Fair Market Value
MORGAN STANLEY 6% STOXX NOTE 60,511 51,940

TY 2025 InvestmentsCorpStockSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Name of Stock End of Year Book Value End of Year Fair Market Value
TOTAL CORP STOCKS 3,249,193 8,457,029

TY 2025 InvestmentsOtherSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
JACKSON NATL -- PERSPECTIVE II AT COST 1,676,259 1,624,638
NATIONWIDE -- DESTINATION AT COST 1,676,654 1,743,582
AM FUNDS AMCAP/A AT COST 144,271 206,608
AM FUNDS - BALANCED/A AT COST 83,617 116,442
AM FUNDS - AMERICAN MUTUAL/A AT COST 159,314 214,278
AM FUNDS - WASH MUTUAL INVESTORS/A AT COST 207,794 275,674
AM FUNDS - CAPITAL INCOME BLDR/A AT COST 58,134 78,662
AM FUNDS - GROWTH FD OF AMER/A AT COST 239,463 374,315
AM FUNDS - INCOME FD/A AT COST 87,624 100,791
AM FUNDS - INV CO AM/A AT COST 105,547 151,969
AM FUNDS - NEW PERSPECTIVE FD/A AT COST 187,649 311,279
AM FUNDS - NEW ECONOMY/A AT COST 147,120 233,587
AM FUNDS - SMALL CAP WORLD/A AT COST 113,784 152,543
AM FUNDS - CAPITAL WLD G&I FD/A AT COST 108,409 162,383
DWS CORE EQUITY/A AT COST 187,915 238,323
DWS TECHNOLOGY/A AT COST 183,831 281,133
FEDERATED HERMES TRUST US TREAS AT COST 164,348 164,348
FRANKLIN DYNATECH/A AT COST 131,412 264,044
FRANKLIN CUST GROWTH/A AT COST 112,725 139,314
FRANKLIN CUST UTIL/A AT COST 213,718 257,514
FRANKLIN MGD TR RISING/A AT COST 179,022 195,992
HARTFORD CAPITAL APP FD/A AT COST 114,183 133,935
MFS GROWTH/A AT COST 119,980 179,913
ALLIANZ CONVERTIBLE/A AT COST 65,902 79,251
ALLIANZ RCM GLBL WATER/A AT COST 88,042 111,718
ALLIANZ GL FOCUS GRW/A AT COST 60,601 110,822
PUTNAM SUSTAINABLE LEADERS AT COST 536,221 705,520
PUTNAM LRG CAP VALUE/A AT COST 200,041 307,072
PUTNAM GROWTH OPPORT/A AT COST 234,361 422,259
COLUMBIA-SELIGMAN GLOBAL TECH A AT COST 579,820 990,284

TY 2025 LandEtcSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
RANCH BUILDING 42,530 16,494 26,036 26,036
WATER WELL 983 983    
FENCING 2,139 1,069 1,070 1,070
REFORESTATION 43,524 43,524    
REFORESTATION - METCALF TRACT 25,648 25,648    
SMITH RANCH HOUSE 255,700 81,955 173,745 173,745
FENCING & GATES 102,121 102,121    
BARN WITH SHED        
MAJOR ROAD REPAIRS 18,070 3,112 14,958 14,958
MAJOR ROAD REPAIRS - 2025 4,807 27 4,780 4,780
BBQ GRILL 1,400 500 900 900
FENCING & GATES -- BREVARD TRACT 12,000 12,000    
CAMP HOUSE -- METCALF TRACT        
CORRAL -- METCALF TRACT        
FENCING -- METCALF TRACT 30,000 30,000    
RANCH LAND - 715.63 ACRES 530,146   530,146 530,146
J W SMITH LAND - 432.197 ACRES 829,638   829,638 829,638
BREVARD TRACT LAND - 21 ACRES 108,613   108,613 108,613
J E METCALF LAND - 270.755 ACRES 141,113   141,113 141,113


TY 2025 LegalFeesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ATTORNEY FEES 8,000 2,000   6,000


TY 2025 OtherAssetsSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PONDS - JW SMITH ESTATE 150,000 150,000 150,000
PONDS - BREVARD TRACT 5,000 5,000 5,000
POND DAM - MAJOR REPAIRS 41,500 41,500 41,500
LESS CONSV EXP -19,511 -21,260 -21,260


TY 2025 OtherDecreasesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Amount
2024 INCOME TAX 10,118
ROUNDING 1


TY 2025 OtherExpensesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PASTURE RENTAL        
REPAIRS & MAINTENANCE - RANCH 6,362 6,362 6,362  
RANCH LABOR 250 250 250  
FARM SUPPLIES 1,220 1,220 1,220  
EXPENSES        
ENTERPRISE PP LP K-1 NON DEDU 11 11    
ENTERPRISE PP LP K-1 SEC 1231 117 117    
ENERGY TRSFR LP K-1 NON DEDU 15 15    
ENERGY TRSFR LP K-1 OTHER DED 39 39    
ENERGY TRSFR LP K-1 SEC 1231 6 6    
MPLX LP K-1 NON DEDUCTBLE EXP 11 11    
MPLX LP K-1 SEC 1231 G/L 1,088 1,088    
ROYALTY OTHER DEDUCTIONS 793 793    
ROYALTY SEVERANCE TAX 15,994 15,994    
BANK CHARGES 35     35
INSURANCE 4,850 4,850    
APPRAISAL EXP - JEWELRY 200 200    


TY 2025 OtherIncomeSchedule2
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CHEVRON - OTHER INCOME 121 121 121
ENERGY TRANS LP K-1 LTCG -13 -13 -13
MPLX LP K-1 LTCG -84 -84 -84
AGIS ENERGY LLC 1,178 1,178 1,178
BROOKSTON ENERGY 14 14 14
CHEVRON USA 29,099 29,099 29,099
COMSTOCK RESRC 49 49 49
FAULCONER ENERGY 113 113 113
HARLETON OIL & GAS 27 27 27
HIBBARD 4 4 4
LACY SERVICES 7,399 7,399 7,399
PETROQUEST 203 203 203
SABINE 717 717 717
TGNR EAST TX LLC 136,044 136,044 136,044
TGNR PANOLA LLC 15,346 15,346 15,346
XTO 328 328 328
ENTPRISE PP LP K-1 ORD LOSS -9,420 -9,420 -9,420
ENERGY TRNSFR LP K-1 ORD LOSS -657 -657 -657
ENERGY TRNSFR LP K-1 RENTAL -8 -8 -8
MPLX LP K-1 ORD LOSS -3,050 -3,050 -3,050
MPLX LP K-1 OTHR NET RENT INC 1 1 1
ENTERPRISE PP K-1 OTHER LOSS -1 -1 -1
OAKTREE CAP K-1 OTHER INC 135 135 135
EDWARD JONES - OTHER INCOME 15,101 15,101 15,101
JACKSON NATL LIFE 1099-R 156,698 156,698 156,698
NATIONWIDE LIFE INS 1099-M 253,990 253,990 253,990


TY 2025 TaxesSchedule
Name:
THE CHARLES C MATTHEWS FOUNDATION
EIN:
75-2741045
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAXES - PROPERTY 6,753 6,753    
PROPERTY TAXES - ROYALTY 4,045 4,045    
FOREIGN TAX - ED JONES 1,195 1,195