THE DEBAKEY MEDICAL FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- THE DEBAKEY MEDICAL FOUNDATION (EIN 74-6053822)
- Tax period
- 2021-05-01 to 2022-04-30
- Filed
- 2022-10-31
- IRS object ID
- 202203049349101560
- Schema version
- 2021v4.2
- 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 | 2022-10-31T16:07:38-05:00 | ReturnTs |
| Tax Period End | 2022-04-30 | 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 | 2021-05-01 | 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 | 2022-10-31 | 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 |
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 | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $76,992,094 | 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 | $3,251 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $3,251 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,605,463 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,605,463 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $336 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $75,070 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $336 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,609,050 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,609,050 | 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 | $9,100 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,550 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,550 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $296,160 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $295,160 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,000 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $69,174 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $69,174 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $94,657 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,883 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $90,774 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $596,741 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $398,297 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $198,444 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,483,783 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,483,783 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,080,524 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $398,297 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,682,227 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,471,474 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,210,753 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $458,952 | CashBOYAmt |
| Cash EOY | $100,691 | CashEOYAmt |
| Cash EOYFMV | $100,691 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $177,960 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,018,442 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,018,442 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $750 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $500 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $500 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $299,774 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $225,040 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $197,375 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $13,016,380 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,255,160 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $74,507,969 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,000,290 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,105,362 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,067,083 | 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 | $100,034 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $15,094,020 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,845,109 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $76,992,094 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $15,094,020 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $14,845,109 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $15,094,020 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,845,109 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $15,094,020 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $14,845,109 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $15,094,020 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,471,474 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,222,563 | OtherIncreasesAmt |
| Subtotal | $14,845,109 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,845,109 | 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 | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| Publicly traded securities | $75,070 | $74,734 | $336 | $336 | |
| $0 | $0 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $336 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,829 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,829 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,829 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $15,286 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $13,600 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $28,886 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $12,057 | OverpaymentAmt |
| Applied To ES Tax | $12,057 | 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 | 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 |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| 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 | $295,160 | 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 | $79,336,210 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,120,039 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $100,034 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $80,556,283 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $80,556,283 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,208,344 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $79,347,939 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $3,967,397 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $3,967,397 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,829 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $16,829 | TotalTaxAmt |
| Distributable Before Adj | $3,950,568 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $3,950,568 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $3,950,568 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,682,227 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,682,227 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $3,950,568 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,021,203 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,682,227 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,021,203 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $661,024 | 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 | $3,289,544 | 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 (6 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 | Michael E. DeBakey Library and Museum and new medical school building | $2,595,025 |
| Baylor University | |||||||
| One Bear Place 971026 | Waco | TX | 76798 | N/A | PC | Medical Humanities Program in the College of Arts and Sciences | $388,758 |
| Baylor College of Medicine | |||||||
| PO Box 4976 | Houston | TX | 77210 | N/A | PC | Michael E. DeBakey Excellance in Research Award | $25,000 |
| Texas State Historial Association | |||||||
| 1155 Union Circle Ste 311580 | Denton | TX | 76203 | N/A | PC | Development of the Handbook of Texas | $50,000 |
| John P McGovern Museum | |||||||
| 1515 Hermann Dr | Houston | TX | 77004 | N/A | PC | Michael E. DeBakey Cell Labs | $175,000 |
| National Library of Medicine | |||||||
| 8600 Rockville Pike | Bethesda | MD | 20894 | N/A | GOV | Physical processing and cataloging of the papers of Lois and Selma DeBakey | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,483,783 | 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 | $3,251 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,605,463 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $336 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,609,050 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,609,050 | 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 | $3,100 | $1,550 | $1,550 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 175,000 AmEx Note 3.4% 02/27/23 | $174,864 | $176,493 |
| 175,000 Morgan Stanley 3.625% 01/20/27 | $173,027 | $170,811 |
| 200,000 Franklin Resources 2.8% 09/15/22 | $203,416 | $200,818 |
| 175,000 Goldman Sachs 3.85% 01/26/27 | $171,438 | $171,227 |
| 175,000 JPMorgan Chase 2.95% 10/01/26 | $170,243 | $167,843 |
| 100,000 Home Depot, Inc. 2.7% 04/15/2030 | $107,302 | $91,413 |
| 100,000 Visa 2.05% 4/15/2030 | $105,072 | $88,478 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (40 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 19,000 shs Abbott Laboratories | $245,510 | $2,156,500 |
| 15,000 shs AbbVie Inc | $15,000 | $2,203,200 |
| 2,500 shs Air Products & Chemicals Inc | $105,748 | $585,175 |
| 35,000 shs Altria Group Inc | $29,837 | $1,944,950 |
| 8,500 shs American Express Company | $151,606 | $1,485,035 |
| 68,000 shs Apple Inc | $403,852 | $11,902,576 |
| 5,000 shs ASML Holding NV | $490,637 | $2,818,850 |
| 7,000 shs Automatic Data Processing | $169,931 | $1,527,260 |
| 3,100 shs BlackRock Inc | $772,012 | $1,936,508 |
| 2,000 shs Canadian Pacific Railway Ltd | $240,625 | $732,200 |
| 18,000 shs Chevron Corporation | $471,235 | $2,820,060 |
| 9,000 shs Chubb Ltd | $916,085 | $1,858,050 |
| 34,000 shs Comcast Corporation | $826,098 | $1,351,840 |
| 14,000 shs ConocoPhillips | $528,732 | $1,337,280 |
| 35,162 shs Exxon Mobil Corporation | $189,828 | $1,292,561 |
| 800 shs Facebook Inc Common Stock | $87,051 | $160,376 |
| 10,000 shs Intercontinental Exchange Inc | $485,701 | $1,158,100 |
| 3,400 shs Johnson & Johnson | $16,135 | $613,564 |
| 18,000 shs JPMorgan Chase & Co | $469,014 | $2,148,480 |
| 3,000 shs Kellogg Company | $97,710 | $205,500 |
| 7,600 shs Mcdonald's Corp | $186,933 | $1,893,616 |
| 1,700 shs Microsoft Corporation | $88,885 | $471,784 |
| 24,000 shs Nestle S A/S ADR | $85,750 | $3,115,440 |
| 6,000 shs Novartis AG | $373,335 | $528,180 |
| 30,000 shs Novo Nordisk A/S | $319,555 | $3,420,000 |
| 8,400 shs PepsiCo Inc | $83,399 | $1,442,364 |
| 40,000 shs Philip Morris Intl Inc | $122,417 | $4,000,000 |
| 4,300 shs Linde PLC Com Euro001(Praxair | $227,125 | $1,341,428 |
| 16,400 shs Proctor & Gamble | $8,021 | $2,633,020 |
| 20,000 shs Roche Holdings | $447,215 | $933,400 |
| 5,000 shs S&P Global Inc | $246,904 | $1,882,500 |
| 19,000 shs Texas Instruments Inc | $749,951 | $3,234,750 |
| 57,000 shs The Coca-Cola Co | $81,733 | $3,682,770 |
| 7,400 shs Union Pacific Corporation | $742,740 | $1,733,746 |
| 7,000 shs Visa Inc Class A | $487,163 | $1,491,910 |
| 7,656 shs Disney Walt Co | $415,892 | $854,639 |
| 8,617 shs Advanced Micro Devices Inc. | $162,542 | $736,925 |
| 1,200 shs Alcon Inc | $51,956 | $85,452 |
| 6,000 shs Raytheon Technologies Co | $448,683 | $569,460 |
| 3,000 shs Otis Worldwide Co | $212,614 | $218,520 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $225,040 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $197,375 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Office expenses - reimburse Baylor | $85,000 | $0 | $85,000 |
| Insurance | $7,546 | $3,773 | $3,773 |
| Land maintenance | $110 | $110 | $0 |
| Medical Student Poetry Program | $1,750 | $0 | $1,750 |
| Other expenses | $251 | $0 | $251 |
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 | $2,222,563 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Investment advisor fees | $295,160 | $295,160 | $0 |
| Foundation admin fees | $1,000 | $0 | $1,000 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Ad Valorem tax | $464 | $464 | $0 |
| Foreign tax | $68,710 | $68,710 | $0 |