2024-03-11T12:59:31-05:00 2022-06-30 910189318 MOSS ADAMS LLP 14555 DALLAS PARKWAY STE 300 DALLAS TX 75254 990 2021-07-01 237436194 W W CARUTH JR FOUNDATION WWCA 2147504222 5500 CARUTH HAVEN LANE DALLAS TX 75225 JAMES T BERRY JR CFO, COMMUNITIES FDN TX 2147504222 2024-03-06 1 JAMES BERRY JR 999009999 PAMELA ALEXANDERSON P01218925 9724582296 2024-03-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X COMMUNITIES FDN OF TEXAS 5500 CARUTH HAVEN LANE DALLAS TX 75225 81586785 0 X N/A X 1975 TX THIS TRUST IS A SUPPORTING ORGANIZATION OF COMMUNITIES FOUNDATION OF TEXAS AND DIRECTS FUNDING TOWARDS EDUCATION, PUBLIC SAFETY, AND SCIENTIFIC RESEARCH. 1 0 0 0 -55788 0 675898 0 0 0 27777114 31583932 4211386 2901701 32664398 34485633 25860244 29784900 0 0 3352273 3802026 0 0 0 1746701 1212898 30959218 34799824 1705180 -314191 545199566 469957347 13874309 21394048 531325257 448563299 X THIS TRUST WAS CREATED EXCLUSIVELY FOR THE COMMUNITIES FOUNDATION OF TEXAS (CFT), ITS SUPPORTED ORGANIZATION. CFT'S BOARD OF TRUSTEES DIRECTS FUNDING RECEIVED BY THE TRUST TO SUPPORT NONPROFITS IN THE FIELDS OF EDUCATION, PUBLIC SAFETY AND SCIENTIFIC AND MEDICAL RESEARCH TO WORK TOWARD SOLVING COMPLEX COMMUNITY ISSUES IN THESE AREAS. 0 0 33586926 29784900 THE FOUNDATION ACHIEVES ITS MISSION BY MAKING GRANTS TO THE SUPPORTED ORGANIZATION, COMMUNITIES FOUNDATION OF TEXAS, WHICH DIRECTS FUNDS RECEIVED BY THE FOUNDATION TO QUALIFIED SCIENTIFIC AND MEDICAL RESEARCH, EDUCATION AND PUBLIC SAFETY. PROFESSIONAL SERVICES FEES ARE PAID TO CFT FOR ADMINISTRATIVE AND GRANT-MAKING ACTIVITIES. 33586926 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 1 X LEIGH SCHAEFERS 2147504222 5500 CARUTH HAVEN LANE DALLAS TX 75225 X COMMUNITIES FOUNDATION OF TEXAS TRUSTEE 35.00 X 0 0 3729435 0 0 3729435 0 0 0 0 BNY MELLON ONE BOSTON PLACE SUITE 2900 BOSTON MA 021084408 CUSTODY FEES 1167394 BANK OF AMERICA PO BOX 830269 DALLAS TX 75283 INVESTMENT MANAGER FEES 392126 2 2314343 2314343 392516 167320 225196 225196 225196 76203421 46933832 29269589 29269589 29269589 K-1 INVESTMENT INCOME 900099 2795225 -55788 2851013 IMPAIRMENT WRITE DOWN 900099 -118720 -118720 2676505 34485633 0 -55788 34541421 29784900 29784900 3802026 3802026 3591 3591 5025 5025 1200257 1200257 DUES 1041 1041 2984 2984 34799824 33586926 1212898 0 58009 5081683 465596 472497 137690 7258 2051280 0 22373390 2051280 84432068 63675951 432434768 403621230 339893 5600 545199566 469957347 767455 590304 13018844 20803744 88010 0 13874309 21394048 X 531325257 448563299 531325257 448563299 545199566 469957347 X -314191 -83347767 900000 X 0 1 X 1 0 X X X 1 COMMUNITIES FOUNDATION OF TEXAS 750964564 7 1 29784900 0 1 29784900 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 PART IV, SECTION A, LINE 1 THE TRUST'S DOCUMENTS DESIGNATE THE DALLAS COMMUNITY CHEST TRUST FUND, INC. AS ITS SUPPORTED ORGANIZATION, WHICH IS NOW KNOWN AS THE COMMUNITIES FOUNDATIONS OF TEXAS DUE TO A NAME CHANGE. PART IV, SECTION A, LINE 9B THE FILING ORGANIZATION OWNS A 22.61% INTEREST IN A REAL ESTATE PARTNERSHIP THAT IS MAJORITY OWNED BY TRUSTS OF WHICH THE PRIMARY DONOR'S FAMILY MEMBERS ARE BENEFICIARIES. WHILE THE FAMILY MEMBERS ARE THE BENEFICIARIES OF THE TRUSTS, THE TRUSTS HAVE A SOLE TRUSTEE THAT IS INDEPENDENT OF THE DONOR AND FAMILY MEMBERS. THE INDEPENDENT TRUSTEE HAS THE DECISION-MAKING AUTHORITY WITH REGARD TO THE TRUST ASSETS, INCLUDING THE PARTNERSHIP. THE FAMILY MEMBERS DO NOT HAVE SIGNIFICANT INFLUENCE OVER THE AFFAIRS OF THE PARTNERSHIP. THE FILING ORGANIZATION, THROUGH REPRESENTATIVES OF CFT, ITS SUPPORTED ORGANIZATION, ATTENDS AND IS ACTIVELY ENGAGED IN THE ANNUAL MEETING OF THE PARTNERSHIP TO ENSURE THE ASSETS ARE NOT USED FOR PRIVATE BENEFIT. THE PARTNERSHIP INTEREST IS NOT A SIGNIFICANT ASSET OF THE FILING ORGANIZATION, REPRESENTING LESS THAN 4% OF THE FILING ORGANIZATION'S TOTAL ASSETS AND LESS THAN 5% OF THE FILING ORGANIZATION'S GROSS INCOME. PART IV, SECTION A, LINE 9C REFER TO RESPONSE FOR SCHEDULE A, PART IV, SECTION A, LINE 9B ABOVE. 651280 651280 1400000 1400000 2051280 38761814 C ALTERNATIVE INVESTMENTS 364859416 F 403621230 X PART X, LINE 2: THE COMMUNITY FOUNDATION AND THE SUPPORTING ORGANIZATIONS ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC), AS ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(3), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTION 509(A) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE RELATED TO THE FOUNDATION; HOWEVER, SHOULD THE FOUNDATION ENGAGE IN ACTIVITIES UNRELATED TO THE PURPOSE FOR WHICH IT WAS CREATED, TAXABLE INCOME COULD RESULT. NO TAXES WERE INCURRED FOR THE YEARS ENDED JUNE 30, 2022 AND 2021. THE ASC PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENT 27767881 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 21665491 0 0 0 0 0 0 49433372 0 49433372 1 0 1 1 1 0 PART I, LINE 3: METHOD OF ACCOUNTING: ACCRUAL PART III ACCOUNTING METHOD: 1 COMMUNITIES FOUNDATION OF TEXAS INC 5500 CARUTH HAVEN LANE DALLAS TX 75225 750964565 501(C)(3) 29784900 0 SUPPORT FOR GRANTS MADE TO QUALIFIED ORGANIZATIONS IN THE FIELDS OF SCIENTIFIC AND MEDICAL RESEARCH, EDUCATION, AND PUBLIC SAFETY 1 0 PART I, LINE 2: AS A SUPPORTING ORGANIZATION, THE FILING ORGANIZATION ONLY MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, COMMUNITIES FOUNDATION OF TEXAS, INC. PER THE FILING ORGANIZATION'S GOVERNING DOCUMENT, THE BOARD OF TRUSTEES OF COMMUNITIES FOUNDATION OF TEXAS, INC., HAS THE SOLE AUTHORITY AND RESPONSIBILITY TO SELECT AND MONITOR ANY SUBSEQUENT GRANTS OF SUCH FUNDS TO QUALIFIED ORGANZATIONS. FORM 990, ITEM B AMENDED RETURN EXPLANATION: THIS RETURN IS BEING AMENDED TO REFLECT ADJUSTMENTS MADE IN INVESTMENT VALUATIONS AND PRESENTATION SUBSEQUENT TO YEAR END. THE FOLLOWING SECTIONS OF THE FORM 990 WERE IMPACTED: FORM 990, PART X, LINE 12 - INVESTMENTS - OTHER SECURITIES FORM 990, PART X, LINE 27 - NET ASSETS WITHOUT DONOR RESTRICTIONS FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES FORM 990, PART VI, SECTION B, LINE 11B THE STAFF OF CFT, THE SUPPORTED ORGANIZATION AND SOLE TRUSTEE, REVIEWS THE TRUST'S FORM 990 WITH THE AUDIT AND FINANCE COMMITTEE OF THE CFT BOARD OF TRUSTEES. THE FORM 990 IS THEN POSTED AND MADE AVAILABLE FOR THE ENTIRE CFT BOARD OF TRUSTEES ON CFT'S INTERNAL WEBSITE PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL AUDITED FINANCIAL STATEMENTS OF THE TRUST ARE CONSOLIDATED WITH THE SUPPORTED ORGANIZATION, CFT, AND ARE AVAILABLE THROUGH CFT'S WEBSITE. FORM 990, PART VI, SECTION B, LINES 12A, 13 AND 14 THE TRUST ITSELF DOES NOT HAVE CONFLICT OF INTEREST, WHISTLEBLOWER, OR DOCUMENT RETENTION AND DESTRUCTION POLICIES BECAUSE IT HAS NO EMPLOYEES. ALL MATTERS ARE HANDLED BY THE STAFF OF THE SUPPORTED ORGANIZATION, CFT, WHICH DOES HAVE ALL OF THESE POLICIES. THESE POLICIES ALSO APPLY TO ALL TRUSTEES OF CFT, WHICH IS THE SOLE TRUSTEE OF THE TRUST. FORM 990, PART XI, LINE 9: DISTRIBUTIONS FROM AFFILIATES 900,000. 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