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
BARBARA ANN BALDRIDGE FOUNDATION WE453
 
Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 2950 TAX DEPT FLOOR 5
  Room/suite
City or town
SAN ANTONIO
State or province
TX
Country  
ZIP or foreign postal code
782992950
A Employer identification number

86-2379956
B Telephone number (see instructions)

8174205082
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)$11,212,520J 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      
4 Dividends and interest from securities... 192,361 192,361  
5a Gross rents............ 8,390 8,390  
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 143,990
b Gross sales price for all assets on line 6a 1,274,426
7 Capital gain net income (from Part IV, line 2)... 143,990
8 Net short-term capital gain......... 0
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
24,169 24,169  
12 Total. Add lines 1 through 11........ 368,910 368,910  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 93,314 46,657   46,657
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,350 675 0 675
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,011 2,748   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
24,975 24,975    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 127,650 75,055 0 47,332
25 Contributions, gifts, grants paid....... 550,000 550,000
26 Total expenses and disbursements. Add lines 24 and 25 ................ 677,650 75,055 0 597,332
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -308,740
b Net investment income (if negative, enter -0-) 293,855
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 474 414 414
2 Savings and temporary cash investments......... 107,894 87,631 87,631
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
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 0      
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)....... 5,008,829 Click to see attachment
List of Attached Documents:
// Content
4,869,974 		5,893,438
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
3,428,162 		Click to see attachment
List of Attached Documents:
// Content
3,278,600 		Click to see attachment
List of Attached Documents:
// Content
5,231,037
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,545,359 8,236,619 11,212,520
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........ 8,545,359 8,236,619
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)..... 8,545,359 8,236,619
30 Total liabilities and net assets/fund balances (see instructions). 8,545,359 8,236,619
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
8,545,359
2
Enter amount from Part I, line 27a .....................
2
-308,740
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,236,619
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
8,236,619
Form 990-PF (2025)
Form 990-PF (2025)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 17. ADVANCED MICRO DEVICES INC   2021-01-26 2025-01-08
b 21. AIRBNB INC CL A   2021-05-26 2025-01-08
c 15. CHARLES RIVER LABORATORIES INTL INC   2024-10-16 2025-01-14
d 74. MERCK & CO INC   2020-11-17 2025-01-22
e 17. MILLROSE PPTYS INC REIT   2021-10-13 2025-02-20
97. COMCAST CORPORATION CL A   2020-11-17 2025-02-26
34. LENNAR CORP CL A   2021-10-13 2025-03-10
2. KKR & COMPANY INC CLASS A   2021-08-30 2025-04-28
100000. CHEVRON CORP 1.5540% 05/11/25   2022-06-02 2025-05-11
72. OTIS WORLDWIDE CORP   2020-11-17 2025-05-14
100000. U S TREASURY NOTES 2.7500% 05/15/25   2022-05-12 2025-05-15
.034 AMENTUM HOLDINGS INC   2023-11-07 2025-05-16
41. GLOBANT SA   2024-10-16 2025-05-16
40. JOHNSON & JOHNSON COM *   2020-11-17 2025-05-22
445.533 T ROWE PRICE INTL DISC FD INSTL   2024-12-16 2025-05-29
1278.661 T ROWE PRICE INTL DISC FD INSTL   2023-12-15 2025-05-29
1. AMENTUM HOLDINGS INC   2023-11-07 2025-06-04
11. LULULEMON ATHLETICA INC   2020-12-15 2025-06-09
13. HONEYWELL INTERNATIONAL INC COM *   2020-11-17 2025-06-11
72. BAXTER INTERNATIONAL INC   2020-11-17 2025-06-18
4. JOHNSON & JOHNSON COM *   2020-11-17 2025-06-24
79. ALPHABET INC CL C   2020-11-17 2025-06-27
117. ALPHABET INC CL A   2020-11-17 2025-06-27
157.324 T ROWE PRICE MIDCAP GROWTH FD INSTL   2024-12-13 2025-07-01
1611.011 T ROWE PRICE MIDCAP GROWTH FD INSTL   2023-12-14 2025-07-01
.7 CHEVRON CORPORATION   2024-10-16 2025-07-21
.25 CHEVRON CORPORATION   2024-08-21 2025-07-21
56. CANADIAN PACIFIC KANSAS CITY   2020-11-17 2025-08-06
4. REGENERON PHARMACEUTICALS INC   2024-10-15 2025-08-06
15. UNITEDHEALTH GROUP INC   2020-11-17 2025-08-06
19. ADOBE INC   2020-11-17 2025-09-05
28. CHEVRON CORPORATION   2024-10-16 2025-09-05
160. MARVELL TECHNOLOGY INC   2020-11-17 2025-09-05
21. QUALCOMM INC   2020-11-17 2025-09-05
13. SALESFORCE INC   2024-04-16 2025-09-05
59. CONSTELLATION BRANDS INC CL A   2020-11-17 2025-09-22
4. DIAMONDBACK ENERGY INC   2024-04-15 2025-09-22
100. VALERO ENERGY CORP NEW   2020-11-17 2025-09-22
4247.02338 FROST LOW DURATION BOND FD INSTL   2020-09-28 2025-09-26
205.68462 FROST LOW DURATION BOND FD INSTL   2020-12-16 2025-09-26
131. SONY FINL GROUP INC ADR   1987-12-31 2025-10-08
13. PACCAR INC   2024-09-23 2025-10-20
27. FISERV INC   2024-11-21 2025-10-30
.5 QNITY ELECTRONICS INC   2020-11-17 2025-11-03
89. APPLIED MATERIALS INC COM   2020-11-17 2025-11-24
179. DUPONT DE NEMOURS INC   2020-11-17 2025-11-24
16. PACCAR INC   2024-09-23 2025-11-24
46. NIKE INC CLASS B   2020-11-17 2025-12-04
8. ARTHUR J GALLAGHER & CO   2024-12-17 2025-12-05
14. HOME DEPOT INC COM *   2020-11-17 2025-12-05
135.765 ISHARES S&P 500 STK INDEX FUND CL K   2024-12-13 2025-12-15
113. PINTEREST INC CL A   2025-08-06 2025-12-15
264.911 AMERICAN BEACON STEPHENS SM CAP R5   2021-05-12 2025-12-17
12.955 ISHARES S&P 500 STK INDEX FUND CL K   2025-12-17 2025-12-17
104.843 ISHARES S&P 500 STK INDEX FUND CL K   2020-11-17 2025-12-17
717.416 CAUSEWAY INTERNATIONAL VALUE-INSTL   2023-12-21 2025-12-17
173.658 GOLDMAN SACHS GQG PARTNERS INTL OPPS FD R6   2024-12-13 2025-12-17
87.159 JHANCOCK DISCIPLINED VALUE MID CAP INSTL   2023-12-20 2025-12-17
655. SONY GROUP CORP SPONSORED ADR   2020-11-17 2025-12-17
100000. U S TREASURY NOTES 1.6250% 05/15/26   2022-05-12 2025-12-17
50000. U S TREASURY NOTES 2.7500% 04/30/27   2022-05-16 2025-12-17
100000. APPLE INC 0.7000% 02/08/26   2022-05-27 2025-12-23
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,068   1,621 447
b 2,747   2,835 -88
c 2,672   2,935 -263
d 7,096   5,761 1,335
e 402   857 -455
3,399   4,814 -1,415
4,264   2,348 1,916
229   129 100
100,000   95,828 4,172
6,926   4,861 2,065
100,000   100,000  
1   8 -7
4,069   8,910 -4,841
6,092   6,002 90
31,134   29,714 1,420
89,353   106,810 -17,457
21   229 -208
2,862   3,915 -1,053
2,883   2,659 224
2,142   5,800 -3,658
611   600 11
13,713   6,990 6,723
20,202   10,311 9,891
15,994   16,505 -511
163,775   168,899 -5,124
106   93 13
38   33 5
4,287   3,776 511
2,212   4,048 -1,836
3,703   5,270 -1,567
6,689   8,883 -2,194
4,368   3,733 635
10,271   7,419 2,852
3,392   3,123 269
3,212   3,620 -408
7,887   12,117 -4,230
555   820 -265
16,676   5,348 11,328
42,428   44,594 -2,166
2,055   2,160 -105
657   693 -36
1,265   1,283 -18
1,763   5,888 -4,125
47   37 10
20,692   6,614 14,078
6,887   4,746 2,141
1,649   1,579 70
3,015   6,066 -3,051
1,922   2,249 -327
4,956   3,812 1,144
108,526   72,186 36,340
2,915   4,426 -1,511
4,350   5,099 -749
10,125   10,214 -89
81,943   44,850 37,093
18,050   12,233 5,817
3,946   3,621 325
2,630   2,378 252
16,969   11,766 5,203
99,215   99,215  
49,496   49,877 -381
99,560   94,485 5,075
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
      49,719
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       447
b       -88
c       -263
d       1,335
e       -455
      -1,415
      1,916
      100
      4,172
      2,065
       
      -7
      -4,841
      90
      1,420
      -17,457
      -208
      -1,053
      224
      -3,658
      11
      6,723
      9,891
      -511
      -5,124
      13
      5
      511
      -1,836
      -1,567
      -2,194
      635
      2,852
      269
      -408
      -4,230
      -265
      11,328
      -2,166
      -105
      -36
      -18
      -4,125
      10
      14,078
      2,141
      70
      -3,051
      -327
      1,144
      36,340
      -1,511
      -749
      -89
      37,093
      5,817
      325
      252
      5,203
       
      -381
      5,075
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 143,990
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 4,085
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 4,085
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 4,085
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 3,396
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 3,396
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 689
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
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 address  
14
The books are in care ofFrost Wealth Advisors Telephone no. (817) 420-5082

Located at111 W HOUSTON STREETSAN ANTONIOTX ZIP+478205
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
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
Frost Bank Trustee
40 		93,314    
111 W Houston Street
San Antonio,TX78205
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 (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 arrow0
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.........................  
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
6,494,309
b
Average of monthly cash balances.......................
1b
120,156
c
Fair market value of all other assets (see instructions)................
1c
4,806,637
d
Total (add lines 1a, 1b, and 1c).......................
1d
11,421,102
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
11,421,102
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
171,317
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,249,785
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
562,489
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
562,489
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
4,085
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
4,085
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
558,404
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
558,404
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
558,404
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
597,332
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
597,332
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 7 558,404
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 7,193
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 597,332
a Applied to 2024, but not more than line 2a 7,193
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 2025 distributable amount..... 558,404
e Remaining amount distributed out of corpus 31,735
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 31,735
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		31,735
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 31,735
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 e-mail address of the person to whom applications should be addressed:
Frost Charitable Trust Committee
Attn B Witworth PO Box 33349
Fort Worth,TX761623349
(817) 420-5082
bThe form in which applications should be submitted and information and materials they should include:
The Grant request should be a written request with specific information related to the desired use of the grant and a copy of the recipients tax exempt letter from the IRS.
cAny submission deadlines:
There is no formal deadline for submitting request.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be an tax exempt organization
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

PURE ADVENTURE

PO BOX 101104
Fort Worth,TX76185 		NONE   UNRESTRICTED GRANT 5,000

FORT WORTH JUNIOR GOLF FOUNDATION INC

FIRST TEE - FORT WORTH PO BOX 4767
FORT WORTH,TX76164 		NONE   UNRESTRICTED GRANT 2,500

STREAMS & VALLEYS INC

2918 WINGATE ST
FORT WORTH,TX761071948 		NONE   UNRESTRICTED GRANT 15,000

United Community Centers Inc

3900 MEADOWBROOK DR
Fort Worth,TX76103 		NONE   UNRESTRICTED GRANT 2,500

Neuro Assistance Foundation

2320 BRIDGEWOOD DR
Keller,TX76262 		NONE   UNRESTRICTED GRANT 1,000

RIVERTREE ACADEMY INC

5443 BONNELL AVE
Fort Worth,TX761076713 		NONE   UNRESTRICTED GRANT 5,000

Salvation Army Arlington

712 W ABRAM ST
Arlington,TX76013 		NONE   UNRESTRICTED GRANT FOR 1,000

Texas Cultural Trust

ATTN LESLEY WALKER901 S MOPAC EXPW
Austin,TX78746 		NONE   UNRESTRICTED GRANT 5,000

Boy Scouts of America

PO BOX 54190
Hurst,TX76054 		NONE   UNRESTRICTED GRANT 15,000

FORT WORTH MUSEUM OF SCIENCE & HISTORY

1600 GENDY ST
Fort Worth,TX761074062 		NONE   UNRESTRICTED GRANT 1,000

Texas Christian University
Marisa LePak-Gift PlanningTcu
BOX 297044
Fort Worth,TX76129 		NONE   UNRESTRICTED GRANT FOR 55,000

Arlington Heights United Methodist
Church
4200 CAMP BOWIE BLVD
Fort Worth,TX76116 		NONE   UNRESTRICTED GRANT FOR 55,000

UNITED WAY OF METROPOLITAN TARRANT COUNT
Y
1500 NORTH MAIN ST STE 200
FORT WORTH,TX76164 		NONE   UNRESTRICTED GRANT 2,500

Fort Worth Opera Association

505 PECAN STREET SUITE 100
Fort Worth,TX76102 		NONE   UNRESTRICTED GRANT 5,000

Casa Manana Inc

3101 WEST LANCASTER AVENUE
Fort Worth,TX76107 		NONE   UNRESTRICTED GRANT 5,000

Fort Worth Zoologocal Association

1989 COLONIAL PKWY
Fort Worth,TX76110 		NONE   UNRESTRICTED GRANT FOR 10,000

Cancer Care Services

EXECUTIVE DIRECTOR623 S HENDERSON
Fort Worth,TX76104 		NONE   UNRESTRICTED GRANT 10,000

TRINITY VALLEY SCHOOL

7500 DUTCH BRAND ROAD
FORT WORTH,TX76132 		NONE   UNRESTRICTED GRANT 220,000

Fort Worth Youth Orchestra

4401 TRAIL LAKE DR
Fort Worth,TX76109 		NONE   UNRESTRICTED GRANT 2,000

Friends of the Fort Worth Nature Center
& Refuge
PO BOX 471486
Fort Worth,TX76147 		NONE   UNRESTRICTED GRANT FOR 5,000

WOMENS CENTER OF TARRANT COUNTY INC

1723 HEMPHILL ST
Fort Worth,TX761101516 		NONE   UNRESTRICTED GRANT 10,000

TEXAS AND SOUTHWESTERN CATTLE RAISERS FO
UNDATION
1600 GENDY STREET
FORT WORTH,TX76107 		NONE   UNRESTRICTED GRANT 2,000

CIRCLE OF FRIENDS

PO BOX 374
COLLEYVILLE,TX76034 		NONE   UNRESTRICTED GRANT 2,500

ALL SAINTS HEALTH FOUNDATION

1400 8TH AVE
FORT WORTH,TX76111 		NONE   UNRESTRICTED GRANT 15,000

The Warm Place

MS SHELLEY BETTIS809 LIPSCOMB STRE
Fort Worth,TX761043121 		NONE   UNRESTRICTED GRANT 10,000

JOHN PETER SMITH HOSPITAL FAMILY MEDICIN
E ALUMNI FOUNDATION
1500 S MAIN ST
FORT WORTH,TX76104 		NONE   UNRESTRICTED GRANT 10,000

UT SOUTHWESTERN MONCRIEF CANCER CENTER
MONCRIEF C INSTITUTANCERE
400 W MAGNOLIA AV
FORT WORHT,TX76104 		NONE   UNRESTRICTED GRANT 10,000

Day Resource Center for the Homeless

1415 E LANCASTER AVE
Fort Worth,TX761026717 		NONE   UNRESTRICTED GRANT 10,000

SHAKEN BABY ALLIANCE

1201 W LANCASTER AVE
FORT WORTH,TX76102 		NONE   UNRESTRICTED GRANT 500

Amphibian Productions Inc

120 S MAIN STREET
Fort Worth,TX76104 		NONE   UNRESTRICTED GRANT FOR 15,000

Junior League of Fort Worth

255 BAILEY AVENUE
Fort Worth,TX76107 		NONE   UNRESTRICTED GRANT 2,500

LVTRISE

8201 CALMONT AVE
FORT WORTH,TX76116 		NONE   UNRESTRICTED GRANT 5,000

TEXAS BALLET THEATRE

1540 MALL CIRCLE
FORT WORTH,TX76116 		NONE   UNRESTRICTED GRANT FOR 5,000

UNBOUND GLOBAL

1100 HEMPHILL ST SUITE 23
FORT WORTH,TX76104 		NONE   UNRESTRICTED GRANT 5,000

5 Stones Foundation Inc

2424 COLONIAL PKWY
Fort Worth,TX76109 		NONE   UNRESTRICTED GRANT 10,000

Meals On Wheels Inc

5740 AIRPORT FREEWAY
Fort Worth,TX76117 		NONE   UNRESTRICTED GRANT FOR 10,000

HOW U DOIN FOUNDATION

2401 ELM PLACE
NORTHPLACE,TX76247 		NONE   UNRESTRICTED GRANT 5,000
Total ................................. 3a 550,000
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 ........... 		         
4 Dividends and interest from securities ....     14 192,361  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 143,990  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aROYALTY INCOME 		    15   24,169
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   336,351 24,169
13Total. Add line 12, columns (b), (d), and (e)..................
13
360,520
(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:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 1,350 675   675

TY 2025 InvestmentsCorpStockSchedule
Name:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN BEACON STEPHENS SM CA 105,488 97,630
ARTISAN HIGH INCOME FD INSTL 111,731 105,621
BAIRD AGGREGATE BD FD INSTL 912,057 847,367
ISHARES S&P 500 STK INDEX FUND 433,030 784,835
CAUSEWAY INTERNATIONAL VALUE-I 180,082 232,869
FROST LOW DURATION BOND FD INS 288,979 284,146
FROST CREDIT FUND INSTL 107,345 102,505
FROST TOTAL RETURN BOND FUND I 861,322 834,811
JHANCOCK DISCPLNED VALUE MID C 158,158 193,109
T ROWE PRICE MIDCAP GROWTH FD    
T ROWE PRICE INTL DISC FD INST    
VICTORY SMALL CO OPP FUND 90,738 92,412
ADOBE INC    
ADVANCED MICRO DEVICES INC 6,330 8,781
AIRBNB INC CL A    
ALPHABET INC CL A 20,864 52,897
ALPHABET INC CL C 10,706 37,970
AMAZON.COM INC 55,836 78,017
AMERICAN ELECTRIC POWER INC 5,923 6,688
AMERICAN EXPRESS CO 9,399 29,966
AMERICAN TOWER CORP REIT 7,151 5,443
AMGEN INC 4,200 5,892
ANALOG DEVICES INC 3,897 7,322
AON PLC 10,033 16,938
APPLE INC 33,403 75,305
APPLE INC 0.7000% 02/08/26    
APPLIED MATERIALS INC COM 743 2,570
ASTRAZENECA PLC SPONS ADR 9,951 16,547
BANK OF AMERICA CORP 11,476 22,990
BAXTER INTERNATIONAL INC    
BERKSHIRE HATHAWAY INC CL B 14,474 31,164
BOOKING HOLDINGS INC 4,146 10,711
BOSTON SCIENTIFIC CORP 8,346 22,884
CHEVRON CORP 1.5540% 05/11/25    
CHEVRON CORPORATION 6,778 7,773
CHIPOTLE MEXICAN GRILL INC CL 8,854 12,950
CHUBB LIMITED 9,773 20,288
CISCO SYSTEMS INC 10,952 17,255
COMCAST CORPORATION CL A    
CONOCOPHILLIPS 4,058 7,957
CONSTELLATION BRANDS INC CL A    
CORNING INC 8,602 20,577
COSTCO WHOLESALE CORP NEW 7,294 16,384
DANAHER CORPORATION 6,487 7,325
DISNEY (WALT) COMPANY HOLDING 6,629 5,233
DUPONT DE NEMOURS INC    
EATON CORP PLC 5,338 7,326
ELEVANCE HEALTH INC 13,227 14,022
ELI LILLY & CO 13,971 53,350
ENTERGY CORP    
EVERGY INC 9,867 12,541
HOME DEPOT INC 3,812 4,817
HONEYWELL INTERNATIONAL INC    
INTERCONTINENTAL EXCHANGE INC 3,928 5,831
JOHNSON & JOHNSON COM 7,502 10,348
KKR & COMPANY INC CLASS A 4,516 8,924
L3HARRIS TECHNOLOGIES INC 9,992 14,679
LAM RESEARCH CORPORATION    
LOWES COS INC 13,909 20,981
LULULEMON ATHLETICA INC    
MARVELL TECHNOLOGY INC    
MASTERCARD INC CL A 17,493 29,686
MEDTRONIC PLC 12,784 11,143
MERCK & CO INC    
META PLATFORMS INC 19,313 46,206
SALESFORCE INC 5,787 5,828
SERVICENOW INC 13,344 19,915
SHERWIN-WILLIAMS CO 6,593 8,749
SNOWFLAKE INC CL A 3,082 2,632
SONY GROUP CORP SPONSORED ADR    
STRYKER CORP 7,653 11,599
TESLA INC 4,729 10,344
THERMO FISHER SCIENTIFIC INC 5,670 6,374
TJX COMPANIES INC 5,772 14,593
T-MOBILE US INC 6,963 10,964
UBER TECHNOLOGIES INC 2,749 3,840
UNITEDHEALTH GROUP INC 9,956 7,593
VALERO ENERGY CORP NEW 1,390 4,233
VISA INC CL A 19,897 32,967
WALMART INC 3.7000% 06/26/28 100,957 100,215
WORKDAY INC CL A 2,711 2,577
MICROSOFT CORP 57,467 128,643
MOODYS CORP 6,033 11,239
NIKE INC CLASS B    
NVIDIA CORP 5,342 74,600
O'REILLY AUTOMOTIVE INC 3,161 9,577
OTIS WORLDWIDE CORP    
PHILIP MORRIS INTL INC 8,394 17,163
PROCTER & GAMBLE CO 14,345 14,331
PROGRESSIVE CORPORATION 9,205 22,089
PROLOGIS INC REIT 5,907 5,872
QUALCOMM INC 6,620 6,842
ABBVIE INC 6,426 9,368
GOLDMAN SACHS GQG PARTNERS INT 212,604 237,074
HYATT HOTELS CORP CL A 1,801 2,405
JACOBS SOLUTIONS INC 10,151 10,729
ARTHUR J GALLAGHER & CO 1,968 1,812
ASML HOLDING NV - NY REG SHARE 3,712 4,279
ATLASSIAN CORP CL A 3,830 2,919
AUTOZONE INC 6,091 6,783
BROADCOM INC 15,457 36,687
BUILDERS FIRSTSOURCE INC 2,611 1,338
CANADIAN PACIFIC KANSAS CITY    
CHARLES RIVER LABORATORIES INT    
DATADOG INC CL A 3,827 4,624
DIAMONDBACK ENERGY INC 6,031 4,811
FISERV INC    
GE AEROSPACE 6,024 10,781
GE VERNOVA INC 7,699 11,764
GLOBANT SA    
GSK PLC SPONS ADR 4,149 5,002
HESS CORPORATION    
ISHARES MSCI EMERGING MKTS EX- 159,138 199,943
JP MORGAN CHASE & CO 1.4700% 0 89,904 98,181
MONSTER BEVERAGE CORP 4,559 6,517
ORACLE CORPORATION 8,850 10,135
PACCAR INC 2,962 3,285
PALO ALTO NETWORKS INC 4,556 4,421
REGENERON PHARMACEUTICALS INC    
RTX CORP 3,875 6,052
STATE STREET SPDR S&P REGIONAL 3,860 4,277
SYNOPSYS INC 4,013 3,758
ADYEN NV UNSPONS ADR 4,464 4,376
ARISTA NETWORKS INC 7,596 9,958
BALL CORP 3,576 3,390
BIRKENSTOCK HOLDING PLC 4,655 4,458
BOEING CO 3,100 3,257
CARRIER GLOBAL CORP 9,837 7,081
CITIGROUP INC 2,773 3,967
DOLLAR GENERAL CORP 5,215 6,240
DUTCH BROS INC CL A 3,732 3,918
EQT CORPORATION 5,769 6,164
FIDELITY MID CAP GROWTH INDEX 182,173 178,336
GOLDMAN SACHS GROUP INC 6,584 7,032
INTUITIVE SURGICAL INC 14,477 16,424
MONOLITHIC PWR SYS INC 4,390 5,438
NETFLIX INC 21,980 16,877
QNITY ELECTRONICS INC 6,565 7,267
REDDIT INC CL A 4,442 4,827
ROYAL CARIBBEAN CRUISES LTD 4,289 5,021
ROYALTY PHARMA PLC CL A 6,867 8,037
TRANE TECHNOLOGIES PLC 4,299 4,670
TRANSDIGM GROUP INC 4,479 3,990

TY 2025 OtherAssetsSchedule
Name:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
U S TREASURY NOTES 1 95,496 0 0
U S TREASURY NOTES 2 197,902 148,633 148,553
U S TREASURY NOTES 2 100,004 0 0
U S TREASURY NOTES 2 99,414 99,493 98,598
CROCKETT CO., TX; UNK. AC. 1 1 111,947
PECOS/TERRELL, TX; 8102.4. AC. 1 1 64
5,843 ACRES, CROCKETT, CO., TX 2,835,000 2,835,000 4,674,400
U S TREASURY NOTES 3.7500% 08/ 100,344 100,179 100,108
U S TREASURY NOTES 2   95,293 97,367


TY 2025 OtherExpensesSchedule
Name:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
REAL ESTATE EXPENSE 1,723 1,723   0
REAL ESTATE FEES 20,862 20,862   0
OIL & GAS PROCESSING EXPENSE 793 793   0
MINERAL FEES 1,597 1,597   0


TY 2025 OtherIncomeSchedule2
Name:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTY INCOME 24,169 24,169  


TY 2025 TaxesSchedule
Name:
BARBARA ANN BALDRIDGE FOUNDATION WE453
EIN:
86-2379956
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OIL & GAS PRODUCTION TAX 1,035 1,035   0
OIL & GAS AD VALOREM TAX 818 818   0
OIL & GAS TAX RENDITION 33 33   0
2024 FEDERAL TAX PAYMENT 1,867 0   0
2025 FEDERAL ESTIMATES 3,396 0   0
REAL ESTATE TAXES 862 862   0