THE SAROFIM FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE SAROFIM FOUNDATION (EIN 23-7065248)
- Tax period
- 2023-07-01 to 2023-11-30
- Filed
- 2025-01-31
- IRS object ID
- 202500319349100015
- Schema version
- 2023v6.0
- 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
- Schedule B
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Dissolution Stmt
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-31T15:25:47-05:00 | ReturnTs |
| Tax Period End | 2023-11-30 | TaxPeriodEndDt |
| Disaster Relief | HURRICANE BERYL 7508A | DisasterReliefTxt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pannell Kerr Forster of Texas PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5847 San Felipe Suite 2600 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770573092 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237065248 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SAROFIM FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % SAROFIM TRUST COMPANY | InCareOfNm |
| Business Name Control | SARO | BusinessNameControlTxt |
| Phone | 7136544484 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 52830 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770522830 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RAYE WHITE | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 7136544484 | PhoneNum |
| Signature | 2025-02-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EMILY SMIKAL | PreparerPersonNm |
| PTIN | P01312781 | PTIN |
| Phone | 7138601400 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,306,921,498 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $8,375,952 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $8,375,952 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $74,487,208 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,023,704,522 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $74,487,208 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | -$525,079 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $1,389,259,579 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $82,863,160 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $82,603 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $8,260 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $74,343 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $3,096 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $3,096 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $24,467 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $2,423 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $22,043 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $166,909 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $3,313 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $163,596 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $98,102 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $98,102 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $113,832 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $113,832 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $2,439 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $2,439 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $512,988 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $512,626 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $362 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,004,436 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $640,454 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $363,981 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $7,973,681 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,973,681 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $8,978,117 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $640,454 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,337,662 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,380,281,462 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $82,222,706 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $150,722,926 | CashBOYAmt |
| Cash EOY | $0 | CashEOYAmt |
| Cash EOYFMV | $0 | CashEOYFMVAmt |
| Corporate Stock BOY | $411,878,367 | CorporateStockBOYAmt |
| Corporate Stock EOY | $0 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $0 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $12,245,449 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $0 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $0 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $574,846,742 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $574,846,742 | RetainedEarningBOYAmt |
| Retained Earning EOY | $0 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $574,846,742 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $0 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $574,846,742 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $0 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $574,846,742 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,380,281,462 | ExcessRevenueOverExpensesAmt |
| Other Increases | $586,647 | OtherIncreasesAmt |
| Subtotal | $1,955,714,851 | SubtotalAmt |
| Other Decreases | $1,955,714,851 | OtherDecreasesAmt |
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 | $3,509,443 | $1,923,584 | $1,585,859 | $1,585,859 |
| PUBLICLY TRADED SECURITIES | $1,020,195,079 | $947,293,730 | $72,901,349 | $72,901,349 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $74,487,208 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,142,896 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,142,896 | SubtotalAmt |
| Tax Based On Investment Income | $1,142,896 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,219,820 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $1,219,820 | TotalPaymentsAndCreditsAmt |
| Overpayment | $76,924 | OverpaymentAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
| Refund | $76,924 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAROFIM TRUST COMPANY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7136544484 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | TWO HOUSTON CTR 2907 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770101083 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER B SAROFIM | ||||||||
| PO BOX 52830 | HOUSTON | TX | 770522830 | TRUSTEE | 0 | $0 | $0 | $0 |
| RAYE G WHITE | ||||||||
| PO BOX 52830 | HOUSTON | TX | 770522830 | TRUSTEE | 0 | $0 | $0 | $0 |
| William Gentry Lee Jr | ||||||||
| PO BOX 52830 | HOUSTON | TX | 770522830 | Trustee | 0 | $0 | $0 | $0 |
| Ryan Dolibois | ||||||||
| PO BOX 52830 | HOUSTON | TX | 770522830 | Executive Director | 0 | $82,603 | $16,835 | $0 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAROFIM TRUST CO | |||||
| PO BOX 52830 | HOUSTON | TX | 770522830 | INVESTMENT MGMT | $239,779 |
| SHEPPARD MULLIN RICHTER & HAMPTON LLP | |||||
| 350 SOUTH GRAND AVENUE 40TH FLOOR | LOS ANGELES | CA | 90071 | LEGAL | $166,909 |
| DENISE SMITH CONSULTING LLC | |||||
| 1207 HARVARD AVENUE | MIDLAND | TX | 79701 | CONSULTING | $85,582 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,388,756,581 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $172,870,709 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,525,851 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,571,153,141 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,571,153,141 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $23,567,297 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,547,585,844 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $32,435,703 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $32,435,703 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,142,896 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,142,896 | TotalTaxAmt |
| Distributable Before Adj | $31,292,807 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $31,292,807 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $31,292,807 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,337,662 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $8,337,662 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $31,292,807 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $8,337,662 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $0 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,337,662 | QualifyingDistributionsAmt |
| Applied To Year1 | $8,337,662 | AppliedToYear1Amt |
| 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 |
| Taxable1 | $0 | Taxable1Amt |
| Undistributed Income CY | $31,292,807 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | ExcessFromCurrentYearAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | FAYEZ SAROFIM | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | RAYE G WHITE | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 52830 | AddressLine1Txt |
| City | HOUSTON | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770522830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7136544484 | RecipientPhoneNum |
| Form And Info And Materials | Upon receipt of a grant request, the Foundation requires the applicant to furnish the Foundation with specified information set forth in the Foundation's due diligence checklist, including, without limitation, information regarding the Applicant's formation as a nonprofit entity; tax-exempt and public charity status under Section 501(c)(3); governance, charitable activities, financials, and key personnel. If the grant request is approved by the Foundation's Trustees, the Foundation requires the Applicant to enter into a grant letter agreement with the Foundation outlining and confirming the Applicant's public charity status under Section 501(c)(3) and proposed use of the grant funds consistent with the Foundation's charitable mission. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | REQUIRED CHECKLISTS AND DOCUMENTATIONS MUST BE SUBMITTED TO THE FOUNDATION WITHIN 60 DAYS OF THE INI | SubmissionDeadlinesTxt |
| Restrictions On Awards | The Foundation does not make grants to organizations that are not recognized by the Internal Revenue Service as tax-exempt public charities under Section 501(c)(3) and Sections 509(a)(1), 509(a)(2), and 509(a)(3), including, without limitation, private foundations and private operating foundations described under Section 501(c)(3). In addition, the Foundation does not make grants to individuals, including, without limitation, grants to support scholarships programs organized for individual recipients. | RestrictionsOnAwardsTxt |
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 |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS COUNTRY OF HOUSTON | |||||||
| 18806 Roberts Road | Hockley | TX | 77447 | NO RELATIONSHIP | PC | GENERAL CHARITABLE PURPOSES | $5,000 |
| THE MUSEUM OF FINE ARTS HOUSTON | |||||||
| PO Box 25026 | Houston | TX | 772655026 | NO RELATIONSHIP | PC | GENERAL CHARITABLE PURPOSES | $112,186 |
| TEXAS CHILDREN'S HOSPITAL & CANCER CENTER | |||||||
| 1919 S BRAESWOOD BLVD SUITE 6226 | HOUSTON | TX | 77030 | NO RELATIONSHIP | PC | GENERAL CHARITABLE PURPOSES | $25,000 |
| TEXAS HEART INSTITUTE | |||||||
| 6770 Bernter Ave MC 3-117 | HOUSTON | TX | 77030 | NO RELATIONSHIP | PC | GENERAL CHARITABLE PURPOSES | $10,000 |
| Various Charities Made by Transferee Foundation | |||||||
| PO BOX 52830 | Houston | TX | 770522830 | NO RELATIONSHIP | PC | GIFTS MADE BY TRANSFEREE FOUNDATION - THE SAROFIM FOUNDATION (FEIN: 37-2090276) IN SATISFACTION OF 2022 UNDISTRIBUTED INCOME REQUIREMENT - DETAILS AVAILABLE UPON REQUEST | $7,821,495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,973,681 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $8,375,952 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $74,487,208 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INCOME/LOSS FROM PASSTHROUGH | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$525,079 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $82,338,081 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $82,338,081 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| FAYEZ S SAROFIM MANAGEMENT TRUST | |||||||
| 1 | PO BOX 52830 | HOUSTON | TX | 770522830 | $1,301,921,498 | Yes (X) | Yes (X) |
| FAYEZ S SAROFIM MANAGEMENT TRUST | |||||||
| 2 | PO BOX 52830 | HOUSTON | TX | 770522830 | $5,000,000 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | See Schedule B Attachment | NoncashPropertyDesc |
| Fair Market Value | $1,419,690,883 | FairMarketValueAmt |
| Received | 2023-07-05 | ReceivedDt |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Dissolution Stmt DissolutionStmt
Dissolution Information DissolutionInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | The Sarofim Foundation | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 52830 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770522830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Short Explanation | As part of its liquidation and termination, The Sarofim Foundation (FEIN 23-7065248) transferred all of its assets to The Sarofim Foundation (FEIN 37-2090276), a Section 501(c)(3) private foundation. This transfer of assets is a section 507(b)(2) transfer and, therefore, the transfer will not cause the Sarofim Foundation (FEIN 37-2090276) to be treated as a newly created organization for purposes of the private foundation provisions. The Sarofim Foundation (FEIN 37-2090276) received its Section 501(c)(3) determination letter from the IRS on November 1, 2023 with an effective date of exemption of March 6, 2023. On November 2, 2023, the taxpayer legally dissolved for state purposes. They underwent a process of distributing all of their remaining assets to The Sarofim Foundation (FEIN: 37-2090276). The Transferee Foundation has taken over the assets and liabilities of the taxpayer, including qualifying distribution responsibilities for the 2022 and 2023 tax years. The allocation of the fo | ShortExplanationTxt |
| Dissolution | $1,941,201,968 | DissolutionAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Sarofim Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 52830 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770522830 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2023-11-01 | GrantDt |
| Grant | $7,821,495 | GrantAmt |
| Purpose Of Grant | Transfer of expenditure responsibility due to dissolution and transfer of assets. | PurposeOfGrantTxt |
| Expended By Grantee | $7,821,495 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 06/30/2024 | DatesOfReportsByGranteeTxt |
| Verification | 2024-06-30 | VerificationDt |
| Results Of Verification | As part of liquidation and termination, The Sarofim Foundation (FEIN 23-7065248) transferred all of its assets to The Sarofim Foundation (FEIN 37-2090276), a Section 501(c)(3) private foundation. This transfer of assets is a section 507(b)(2) transfer and, therefore, the transfer will not cause the Sarofim Foundation (FEIN 37-2090276) to be treated as a newly created organization for purposes of the private foundation provisions. The Sarofim Foundation (FEIN 37-2090276) received its Section 501(c)(3) determination letter from the IRS on November 1, 2023 with an effective date of exemption of March 6, 2023. The taxpayer transferred its expenditure responsibility to the transferee Foundation in satisfaction of its 2022 undistributed income requirement. The transferee Foundation has confirmed this expenditure responsibility was fulfilled. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| JPMORGAN-SEE ATTACHMENT 1 | $0 | $0 |
| GOLDMAN SACHS-SEE ATTACHMENT 2 | $0 | $0 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | SAROFIM MULTIFAMILY INCOME FD | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $0 | BookValueAmt |
| EOYFMV | $0 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $166,909 | LegalFeesAmt |
| Net Investment Income | $3,313 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $163,596 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CURRENT YEAR UNREALIZED LOSS | $14,512,883 |
| LIQUIDATING DISTRIBUTION TO THE SAROFIM | $1,941,201,968 |
| FOUNDATION (FEIN: 37-2090276) | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| INVESTMENT EXPENSES | $321,906 | $321,906 | |
| CURRENCY EXCHANGE LOSS | $190,270 | $190,270 | |
| MEMBERSHIPS,DUES&SUBSCRIPTIONS | $362 | $362 | |
| RECLAIM WRITE-OFF EXPENSE | $361 | $361 | |
| BANKING EXPENSE | $89 | $89 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income from Pass-Through | Desc |
| Revenue And Expenses Per Books | -$525,079 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| PARTNERSHIP DISTRIBUTION TIMING DIFF | $61,568 |
| NET LOSS FROM PASS-THROUGH | $525,079 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| PROFESSIONAL FEES | $12,500 | $12,500 |
| CONSULTING FEES | $85,582 | $85,582 |
| MISCELLANEOUS FEES | $20 | $20 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX PAID ON DIVIDENDS | CategoryTxt |
| Amt | $113,832 | Amt |
| Net Investment Income | $113,832 | NetInvestmentIncomeAmt |