THE CALLAWAY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: THE CALLAWAY FOUNDATION (EIN 33-1010957)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-07-10
IRS object ID: 202431929349100618
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Increases Schedule
Other Liabilities Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-07-10T12:06:41-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	742606559	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	ADKF PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9601 MCALLISTER FREEWAY SUITE 800	AddressLine1Txt
City	SAN ANTONIO	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	78216	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	331010957	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE CALLAWAY FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	CALL	BusinessNameControlTxt
Phone	2547604756	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	605 W PARK AVE	AddressLine1Txt
City	TEMPLE	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	765011641	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KEVIN KOCH	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	2547604756	PhoneNum
Signature	2024-06-26	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	KEVIN	PersonFirstNm
Person Last	KOCH	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT C KOPECKY	PreparerPersonNm
PTIN	P00007874	PTIN
Phone	2108291300	PhoneNum
Preparation	2024-06-26	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$11,221,863	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$404,666	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$404,666	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$572,120	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$2,722,851	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$572,120	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$976,786	TotalRevAndExpnssAmt
Total Net Invst Incm	$976,786	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$38,000	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$19,000	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$19,000	CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$20,514	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$10,257	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$10,257	AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss	$2,907	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$1,454	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$1,453	TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$54,953	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$48,583	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$0	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$116,374	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$79,294	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$30,710	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$536,009	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$536,009	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$652,383	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$79,294	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$566,719	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$324,403	ExcessRevenueOverExpensesAmt
Net Investment Income	$897,492	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$38,835	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$29,181	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$29,181	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$24,176	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$17,806	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$17,806	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$9,484,933	CorporateStockBOYAmt
Corporate Stock EOY	$9,206,033	CorporateStockEOYAmt
Corporate Stock EOYFMV	$8,502,219	CorporateStockEOYFMVAmt
Corporate Bonds BOY	$1,579,366	CorporateBondsBOYAmt
Corporate Bonds EOY	$1,409,452	CorporateBondsEOYAmt
Corporate Bonds EOYFMV	$1,321,643	CorporateBondsEOYFMVAmt
Other Investments BOY	$547,685	OtherInvestmentsBOYAmt
Other Investments EOY	$1,341,549	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$1,351,014	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$11,674,995	TotalAssetsBOYAmt
Total Assets EOY	$12,004,021	TotalAssetsEOYAmt
Total Assets EOYFMV	$11,221,863	TotalAssetsEOYFMVAmt
Other Liabilities BOY	$4,527	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$4,527	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$4,527	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,527	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Capital Stock BOY	$0	CapitalStockBOYAmt
Capital Stock EOY	$0	CapitalStockEOYAmt
Additional Paid In Capital BOY	$0	AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY	$0	AdditionalPaidInCapitalEOYAmt
Retained Earning BOY	$11,670,468	RetainedEarningBOYAmt
Retained Earning EOY	$11,999,494	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$11,670,468	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$11,999,494	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$11,674,995	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$12,004,021	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$11,670,468	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$324,403	ExcessRevenueOverExpensesAmt
Other Increases	$4,623	OtherIncreasesAmt
Subtotal	$11,999,494	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$11,999,494	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (7 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
#2557 SHORT TERM (BASIS REPORTED)	2023-10-20	2023-12-31	$440,714	$395,493	$45,221	$45,221
#2557 SHORT TERM (BASIS NOT REPORTED)	2023-03-15	2023-12-31	$115,600	$115,600	$0	$0
#6952 SHORT TERM (BASIS REPORTED)	2023-01-20	2023-12-31	$221,806		$221,806	$221,806
#6952 LONG TERM (BASIS REPORTED)	2020-02-03	2023-12-31	$979,283	$793,339	$185,944	$185,944
#2557 LONG TERM (BASIS REPORTED)	2021-07-02	2023-12-31	$818,890	$676,384	$142,506	$142,506
#2557 LONG TERM (BASIS NOT REPORTED)	2004-03-04	2023-12-31	$146,000	$169,915	-$23,915	-$23,915
#2557 OTHER	2023-12-20	2023-12-31	$558		$558	$558

Field	Value	IRS element (for citing)
Capital Gain Net Income	$572,120	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$12,475	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$12,475	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$12,475	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$17,806	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid	$0	ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld	$0	BackupWithholdingWithheldAmt
Total Payments And Credits	$17,806	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$0	EsPenaltyAmt
Overpayment	$5,331	OverpaymentAmt
Applied To ES Tax	$5,331	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	0	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	TX	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	KEVIN KOCH	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2547604756	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	605 W PARK AVE	AddressLine1Txt
City	TEMPLE	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76501	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	0	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	0	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	0	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	KEVIN J KOCH	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	605 W PARK AVENUE	AddressLine1Txt
City	TEMPLE	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76501	ZIPCd

Field	Value	IRS element (for citing)
Title	TRUSTEE	TitleTxt
Average Hrs Per Wk Devoted To Pos	15.00	AverageHrsPerWkDevotedToPosRt
Compensation	$38,000	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$11,085,401	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$86,482	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$11,171,883	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$11,171,883	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$167,578	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$11,004,305	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$550,215	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$550,215	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$12,475	TaxBasedOnInvestmentIncomeAmt
Total Tax	$12,475	TotalTaxAmt
Distributable Before Adj	$537,740	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$537,740	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$537,740	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$566,719	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$566,719	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$537,740	DistributableAsAdjustedAmt
Undistributed Income PY	$535,540	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$566,719	QualifyingDistributionsAmt
Applied To Year1	$535,540	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$31,179	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$506,561	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	KEVIN J KOCH	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	605 W PARK AVENUE	AddressLine1Txt
City	TEMPLE	CityNm
State Abbreviation	TX	StateAbbreviationCd
ZIP	76501	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	2547604756	RecipientPhoneNum
Form And Info And Materials	APPLICATION AVAILABLE THROUGH C H YOE HIGH SCHOOL SCHOLARSHIP COMMITTEE, CAMERON, TX.	FormAndInfoAndMaterialsTxt
Submission Deadlines	APPLICATION MARCH 1 EACH YEAR, COMMUNITY SERVICE MARCH 22 OF SENIOR YEAR OF HIGH SCHOOL.	SubmissionDeadlinesTxt
Restrictions On Awards	TWO YEAR'S ATTENDANCE WITH C H YOE HIGH SCHOOL, CAMERON, TX. AND 20 HOURS OF COMMUNITY SERVICE.	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (25 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
BAYLOR UNIVERSITY
1301 S UNIVERSITY PARKS DR	WACO	TX	76798	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$45,000
BLINN COLLEGE
902 COLLEGE AVE	BRENHAM	TX	77833	TAX EXEMPT COLLEGE	SCHOLARSHIPS FOR EDUCATION	$3,875
DALLAS BAPTIST UNIVERSITY
3000 MOUNTAIN CREEK PARKWAY	DALLAS	TX	75211	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$15,000
EAST TEXAS BAPTIST UNIVERSITY
ONE TIGER DRIVE	MARSHALL	TX	75670	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$3,075
JACKSONVILLE COLLEGE
105 BJ ALBRITTON DRIVE	JACKSONVILLE	TX	75766	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$1,850
SOUTHEAST LOUISIANA UNIVERSITY
SLU 10293	HAMMOND	LA	70402	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$2,675
SOUTHWESTERN ADVENTIST UNIVERSITY
100 W HILLCREST STREET	KEENE	TX	76059	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$1,725
ST EDWARDS UNIVERSITY
3001 S CONGRESS AVE	AUSTIN	TX	78704	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$44,000
STEPHEN F AUSTIN UNIVERSITY
PO BOX 6092 SFA STATION	NACOGDOCHES	TX	75962	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$15,000
TARLETON STATE UNIVERSITY
1333 W WASHINGTON ST	STEPHENVILLE	TX	76401	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$34,075
TEMPLE COLLEGE
2600 SOUTH FIRST STREET	TEMPLE	TX	76504	TAX EXEMPT COLLEGE	SCHOLARSHIPS FOR EDUCATION	$37,200
TEMPLE EDUCATION FOUNDATION
401 SANTA FE WAY	TEMPLE	TX	76501	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$25,000
TEXAS A&M FOUNDATION
401 GEORGE BUSH DRIVE	COLLEGE STATION	TX	77840	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$75,000
TEXAS A&M UNIVERSITY - CORPUS CHRISTI
6300 OCEAN DRIVE	CORPUS CHRISTI	TX	78412	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$5,025
TEXAS A&M UNIVERSITY
401 GEORGE BUSH DRIVE	COLLEGE STATION	TX	77840	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$42,575
TEXAS STATE TECHNICAL COLLEGE
3801 CAMPUS DRIVE	WACO	TX	76705	TAX EXEMPT COLLEGE	SCHOLARSHIPS FOR EDUCATION	$21,250
TEXAS STATE UNIVERSITY
601 UNIVERSITY DR	SAN MARCOS	TX	78666	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$84,100
THE UNIVERSITY OF TEXAS AT AUSTIN
302 WEST 24TH STREET	AUSTIN	TX	78705	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$32,625
THE UNIVERSITY OF TEXAS AT DALLAS
800 W CAMPBELL ROAD SPN10	RICHARDSON	TX	75080	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$15,284
THE UNIVERSITY OF TEXAS AT SAN ANTONIO
ONE UTSA CIRCLE	SAN ANTONIO	TX	78249	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$3,175
THE UNIVERSITY OF TEXAS AT TYLER
3900 UNIVERSITY BLVD	TYLER	TX	75799	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$3,350
UNIVERSAL TECHNICAL INSTITUTE
721 LOCKHAVEN DRIVE	HOUSTON	TX	77073	TRADE SCHOOL	SCHOLARSHIPS FOR EDUCATION	$2,150
UNIVERSITY OF ARKANSAS AT LITTLE ROCK
2801 S UNIVERSITY AVENUE	LITTLE ROCK	AR	72204	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$10,000
UNIVERSITY OF HOUSTON
PO BOX 867	HOUSTON	TX	77001	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$3,000
WEST TEXAS A&M UNIVERSITY
2501 4TH AVENUE	CANYON	TX	79016	TAX EXEMPT UNIVERSIT	SCHOLARSHIPS FOR EDUCATION	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$536,009	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$404,666	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$572,120	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$976,786	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$976,786	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	8	LineNumberTxt
Relationship Statement	SALE OF INVESTMENT SECURITIES	RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$20,514	Amt
Net Investment Income	$10,257	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$10,257	DisbursementsCharitablePrpsAmt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

Field	Value	IRS element (for citing)
Bond	CORPORATE FIXED INCOME SECURITIES	BondNm
EOY Book Value	$1,409,452	EOYBookValueAmt
EOYFMV	$1,321,643	EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	PUBLICALLY TRADED SECURITIES	StockNm
EOY Book Value	$9,206,033	EOYBookValueAmt
EOYFMV	$8,502,219	EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
GOVERNMENT SECURITIES	FMV	$903,062	$912,527
CERTIFICATE OF DEPOSIT	AT COST	$45,000	$45,000
MUTUAL FUNDS	AT COST	$393,487	$393,487

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT EXPENSE	$48,583	$48,583	$0
EXCISE TAX	$6,370	$0	$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN	Desc
Amt	$4,623	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	PAYROLL LIABILITIES PAYABLE	Desc
BOY Book Value	$4,527	BOYBookValueAmt
EOY Book Value	$4,527	EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	PAYROLL TAXES	CategoryTxt
Amt	$2,907	Amt
Net Investment Income	$1,454	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$1,453	DisbursementsCharitablePrpsAmt