THE DEBAKEY MEDICAL FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- THE DEBAKEY MEDICAL FOUNDATION (EIN 74-6053822)
- Tax period
- 2022-05-01 to 2023-04-30
- Filed
- 2023-10-26
- IRS object ID
- 202342999349100604
- Schema version
- 2022v5.0
- 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 Govt Obligations Sch
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-26T09:02:11-05:00 | ReturnTs |
| Tax Period End | 2023-04-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 760269860 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Blazek & Vetterling | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 Weslayan Suite 200 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77027 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-05-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 746053822 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The DeBakey Medical Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DEBA | BusinessNameControlTxt |
| Phone | 7137903155 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Baylor Plaza MS BCM 390 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr Herbert D Short III | PersonNm |
| Person Title | Pres/Trustee | PersonTitleTxt |
| Phone | 7137903155 | PhoneNum |
| Signature | 2023-10-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Dr | PersonFirstNm |
| Person Last | Herbert D Short III | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | 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 | Kurt Coburn | PreparerPersonNm |
| PTIN | P01638285 | PTIN |
| Phone | 7134395739 | PhoneNum |
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 | 2022 | 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 | $79,247,062 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $3,527 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,527 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,798,772 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,798,772 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $27,940 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $493,270 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $27,940 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,830,239 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,830,239 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $120,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $24,000 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $96,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $7,650 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $1,530 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $6,120 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $10,000 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,000 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $5,000 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $206,307 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $206,307 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $69,759 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $69,759 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $99,617 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,849 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $95,768 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $513,333 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $310,445 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $202,888 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,138,188 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,138,188 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,651,521 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $310,445 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,341,076 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,821,282 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,519,794 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $100,691 | CashBOYAmt |
| Cash EOY | $280,154 | CashEOYAmt |
| Cash EOYFMV | $280,154 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,018,442 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,109,553 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,109,553 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $500 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $500 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $500 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $225,040 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $225,040 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $187,302 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $12,101,246 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,101,246 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $76,502,261 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,113,745 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,113,745 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,066,260 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $139,914 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $139,914 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $139,914 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $101,032 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $14,845,109 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,970,152 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $79,247,062 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $14,845,109 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $14,970,152 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $14,845,109 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,970,152 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $14,845,109 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,970,152 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $14,845,109 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,821,282 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,946,325 | OtherIncreasesAmt |
| Subtotal | $14,970,152 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,970,152 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| Publicly traded securities | $493,260 | $465,330 | $27,930 | $27,930 |
| Securities litigation distribution | $10 | $10 | $10 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $27,940 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $21,125 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $21,125 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $21,125 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $26,057 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $6,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $32,057 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $10,932 | OverpaymentAmt |
| Applied To ES Tax | $10,932 | 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 | Yes (1) | 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 | None | WebsiteAddressTxt |
| Individual With Books | Rubye Triplett | IndividualWithBooksNm |
| Phone | 7139326809 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1511 Bingle Rd Ste A-1 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77055 | 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 | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | Yes (1) | UndistributedIncomePYInd |
| Undistributed Income PY1 | 2021 | UndistributedIncomePY1Yr |
| Undistr Incm Sect4942a2 Not App | 0 | UndistrIncmSect4942a2NotAppInd |
| 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| Dr Herbert D Short III | ||||||||
| One Baylor Plaza MS BCM 390 | Houston | TX | 77030 | Pres/Trustee | 10.00 | $100,000 | $0 | $0 |
| Dr George P Noon | ||||||||
| One Baylor Plaza MS BCM 390 | Houston | TX | 77030 | Treas/Trustee | 1.00 | $5,000 | $0 | $0 |
| Dr Charles H McCollum | ||||||||
| One Baylor Plaza MS BCM 390 | Houston | TX | 77030 | Sec/Trustee | 1.00 | $5,000 | $0 | $0 |
| William H Caudill | ||||||||
| One Baylor Plaza MS BCM 390 | Houston | TX | 77030 | Trustee | 1.00 | $5,000 | $0 | $0 |
| David Lummis | ||||||||
| One Baylor Plaza MS BCM 390 | Houston | TX | 77030 | Trustee | 1.00 | $5,000 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Fayez Sarofim & Co | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 909 Fannin St 2907 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77010 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | Investment Mgmt | ServiceTypeTxt |
| Compensation | $206,307 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | $74,272,467 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,576,292 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $101,032 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $75,949,791 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $75,949,791 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,139,247 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $74,810,544 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,740,527 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,740,527 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $21,125 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $21,125 | TotalTaxAmt |
| Distributable Before Adj | $3,719,402 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,719,402 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,719,402 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,341,076 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,341,076 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,719,402 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,289,544 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,341,076 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,289,544 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $51,532 | 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 | $3,667,870 | 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 |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Baylor College of Medicine | |||||||
| PO Box 4976 | Houston | TX | 77210 | N/A | PC | Micheal E. DeBakey Library and Museum and new medical school building | $2,063,188 |
| Baylor University | |||||||
| One Bear Place 971026 | Waco | TX | 76798 | N/A | PC | Medical Humanities Program in the College of Arts and Sciences | $350,000 |
| Baylor College of Medicine | |||||||
| PO Box 4976 | Houston | TX | 77210 | N/A | PC | Michael E. DeBakey Excellence in Research Awards | $50,000 |
| Baylor College of Medicine | |||||||
| PO Box 4976 | Houston | TX | 77210 | N/A | PC | George P. Noon, M.D. Endowed Chair in Surgery | $500,000 |
| The John P McGovern Museum of Health and Medical Science | |||||||
| 1515 Hermann Drive | Houston | TX | 77004 | N/A | PC | Supporting the Michael E. DeBakey Cell Lab | $175,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,138,188 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,527 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,798,772 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $27,940 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,830,239 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,830,239 | TotalIncomeProducingActyAmt |
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 (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Accounting | $6,000 | $3,000 | $3,000 |
| Tax compliance | $4,000 | $2,000 | $2,000 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 200,000 AmEx Note 3.4% 02/27/23 | $192,103 | $190,466 |
| 175,000 Morgan Stanley 3.625% 01/20/27 | $173,027 | $168,469 |
| 175,000 Goldman Sachs 3.85% 01/26/27 | $171,438 | $169,367 |
| 175,000 JPMorgan Chase 2.95% 10/01/26 | $170,243 | $166,054 |
| 100,000 Home Depot, Inc. 2.7% 04/15/2030 | $107,302 | $91,138 |
| 100,000 Visa 2.05% 4/15/2030 | $105,072 | $87,492 |
| 200,000 Amazon Com Inc Note 3.45% 4/13 | $194,560 | $193,274 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 19,000 shs Abbott Laboratories | $245,510 | $2,098,930 |
| 15,000 shs AbbVie Inc | $15,000 | $2,266,800 |
| 2,500 shs Air Products & Chemicals Inc | $105,748 | $735,900 |
| 35,000 shs Altria Group Inc | $29,837 | $1,662,850 |
| 8,500 shs American Express Company | $151,606 | $1,371,390 |
| 63,000 shs Apple Inc | $336,989 | $10,689,840 |
| 5,000 shs ASML Holding NV | $490,637 | $3,184,300 |
| 7,000 shs Automatic Data Processing | $169,931 | $1,540,000 |
| 3,100 shs BlackRock Inc | $772,012 | $2,080,720 |
| 10,000 shs Canadian Pacific Railway Ltd | $240,625 | $788,400 |
| 18,000 shs Chevron Corporation | $471,235 | $3,034,440 |
| 9,000 shs Chubb Ltd | $916,085 | $1,814,040 |
| 34,000 shs Comcast Corporation | $826,098 | $1,406,580 |
| 14,000 shs ConocoPhillips | $528,732 | $1,440,460 |
| 15162 shs Exxon Mobil Corporation | $189,828 | $1,794,271 |
| 10,000 shs Intercontinental Exchange Inc | $485,701 | $1,089,300 |
| 3,400 shs Johnson & Johnson | $16,135 | $556,580 |
| 18,000 shs JPMorgan Chase & Co | $469,014 | $2,488,320 |
| 3,000 shs Kellogg Company | $97,710 | $209,310 |
| 7,600 shs Mcdonald's Corp | $186,933 | $2,247,700 |
| 1,700 shs Microsoft Corporation | $88,885 | $522,342 |
| 24,000 shs Nestle S A/S ADR | $85,750 | $3,088,008 |
| 6,000 shs Novartis AG | $425,291 | $615,420 |
| 30,000 shs Novo Nordisk A/S | $319,555 | $5,012,700 |
| 8,400 shs PepsiCo Inc | $83,399 | $1,603,476 |
| 40,000 shs Philip Morris Intl Inc | $122,417 | $3,998,800 |
| 4,300 shs Linde PLC Com Euro001(Praxair | $227,125 | $1,588,635 |
| 16,400 shs Proctor & Gamble | $8,021 | $2,564,632 |
| 20,000 shs Roche Holdings | $447,215 | $787,460 |
| 5,000 shs S&P Global Inc | $246,904 | $1,812,900 |
| 19,000 shs Texas Instruments Inc | $749,951 | $3,176,800 |
| 57,000 shs The Coca-Cola Co | $81,733 | $3,656,550 |
| 7,400 shs Union Pacific Corporation | $742,740 | $1,448,180 |
| 7,000 shs Visa Inc Class A | $487,163 | $1,629,110 |
| 7,656 shs Disney Walt Co | $415,892 | $784,740 |
| 8,617 shs Advanced Micro Devices Inc. | $0 | $770,101 |
| 1,200 shs Alcon Inc | $0 | $86,976 |
| 6,000 shs Raytheon Technologies Co | $448,683 | $599,400 |
| 3,000 shs Otis Worldwide Co | $212,614 | $255,900 |
| shs Xilinx Incorporated | $162,542 | $0 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $225,040 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $187,302 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Office expenses - reimburse Baylor | $90,255 | $0 | $90,255 |
| Insurance | $7,527 | $3,764 | $3,763 |
| Land maintenance | $85 | $85 | $0 |
| Medical Student Poetry Program | $1,750 | $0 | $1,750 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Difference between FMV and Basis in stock grants | Desc |
| Amt | $1,946,325 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment advisor fees | CategoryTxt |
| Amt | $206,307 | Amt |
| Net Investment Income | $206,307 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Ad Valorem tax | $2,901 | $2,901 | $0 |
| Foreign tax | $66,858 | $66,858 | $0 |