2025-08-18T17:32:19-05:00 2025-05-31 ERNST & YOUNG US LLP 221 EAST 4TH STREET SUITE 2900 CINCINNATI OH 45202 990 2024-06-01 742123714 THOMAS L JR & GRACE P DOWNS SCHOLARSHIP FUND % FROST BANK TRUST DEPT THOM 2102204089 FROST BANK TRUSTEE PO BOX 2950 SAN ANTONIO TX 782992950 DEBBIE BROEMSEN TRUSTEE 2102204089 2025-08-13 true true Julie Sparks P01268401 5136121603 2025-08-08 2024 2025-03-06 01:10:19Z DEBBIE BROEMSEN FROST BANK TRUSTEE PO BOX SAN ANTONIO TX 782992950 3979841 false X N/A X 1980 TX AS SET FORTH IN THE TRUST INSTRUMENT THIS ORGANIZATION SUPPORTS SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY AND SOUTHERN METHODIST UNIVERSITY. 1 0 0 0 0 0 0 0 331524 230411 0 0 331524 230411 254001 212000 0 0 62918 67025 0 0 0 26876 28467 343795 307492 -12271 -77081 8651519 8574438 0 0 8651519 8574438 AS SET FORTH IN THE TRUST INSTRUMENT AND FOLLOWED BY THE TRUSTEE, THIS ORGANIZATION SUPPORTS SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY AND SOUTHERN METHODIST UNIVERSITY. false false 94476 70666 SOUTHWESTERN UNIVERSITY 94475 70667 TEXAS WESLEYAN UNIVERSITY 94475 70667 SOUTHERN METHODIST UNIVERSITY 283426 true false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 true 0 false false false false false false false false false false false false X 1 0 false false false false false false false true true false false true true true true true true false false false X FROST BANK TRUST DEPT 2102204089 ATTNDEBBIE BROEMSEN PO DRAWER 2950 SAN ANTONIO TX 782992950 FROST BANK TRUSTEE DEBBIE BROEMSEN, ADMINISTRATOR 40.0 0.0 X 84842 0 0 84842 0 0 0 false false false NONE 0 X 0 0 309215 309215 0 0 0 0 0 3670626 3749430 -78804 -78804 -78804 0 0 0 0 0 0 0 0 0 0 230411 230411 212000 212000 0 0 0 67025 67025 0 0 0 0 0 0 0 0 0 8802 4401 4401 0 0 0 17817 0 17817 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FOREIGN TAXES 1830 1830 MINERAL FEES 18 18 307492 283426 24066 0 X 0 0 171615 211243 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8479903 8363194 0 0 0 0 0 0 1 1 8651519 8574438 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8651519 8574438 0 0 0 0 8651519 8574438 8651519 8574438 -77081 X false false false X X 3 SOUTHWESTERN UNIVERSITY 741233796 2 true 70666 0 TEXAS WESLEYAN UNIVERSITY 750800691 2 true 70667 0 SOUTHERN METHODIST UNIVERSITY 741233796 2 true 70667 0 3 212000 0 true false false false false false false false false false false false false false false true false true 0 0 0 0 306050 309215 306050 309215 0 0 22681 24066 0 283369 285149 8596995 9298732 313154 326268 1 1 8910150 9625001 0 0 8910150 9625001 133652 144375 8776498 9480626 307177 331822 0 307177 331822 283369 240864 307177 307177 0 307177 212000 0 71426 0 0 0 283426 283426 307177 92.268 307177 0 0 0 0 0 96116 96116 0 96116 0 0 283426 0 211061 72365 0 0 72365 0 0 0 0 72365 FORM 990, SCHEDULE A, PART IV, SECTION D 2. THE ORGANIZATION MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATIONS BY PARTICIPATING IN REGULAR COMMUNICATIONS. THERE IS A STRONG WORKING RELATIONSHIP BETWEEN THE TRUSTEE AND AN OFFICER OF THE SUPPORTED ORGANIZATIONS. THE TRUSTEE IS RESPONSIVE TO THE NEEDS OF ALL THE SUPPORTED ORGANIZATIONS. FORM 990, SCHEDULE A, PART IV, SECTION D 3. THE SUPPORTED ORGANIZATIONS PARTICIPATE IN REGULAR COMMUNICATIONS WITH THE TRUSTEE OF THE ORGANIZATION REGARDING THE SUPPORTED ORGANIZATION'S PROJECTED NEEDS. THE SUPPORTED ORGANIZATIONS ALSO PROVIDE SUGGESTIONS TO THE TRUSTEE REGARDING THE ORGANIZATION'S USE OF ASSETS, INCLUDING TIMING OF GRANTS AND MANNER OF MAKING GRANTS. IN ADDITION, THE TRUSTEE REGULARLY COMMUNICATES WITH THE SUPPORTED ORGANIZATIONS REGARDING INVESTMENTS, DISTRIBUTION PLANS, AND OTHER SIMILAR MATTERS. 8651519 230411 212000 95493 8574437 8663790 331524 254001 89794 8651519 8609490 395869 255000 86569 8663790 7474286 1490350 261000 94146 8609490 7467657 342548 247650 88269 7474286 0.00000 1.00000 0.00000 false false PART V, LINE 4 AS SET FORTH IN THE TRUST INSTRUMENT AND FOLLOWED BY THE TRUSTEE, THIS ORGANIZATION SUPPORTS SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY, AND SOUTHERN METHODIST UNIVERSITY. true SOUTHERN METHODIST UNIVERSITY PO BOX 750233 DALLAS TX 752750233 750800689 501(c)(3) 70666 CHARITABLE SOUTHWESTERN UNIVERSITY 1001 E UNIVERSITY DR GEORGETOWN TX 78626 741233796 501(c)(3) 70667 CHARITABLE TEXAS WESLEYAN UNIVERSITY 1201 WESLEYAN ST FT WORTH TX 761051536 750800691 501(c)(3) 70667 CHARITABLE 3 0 PART I, LINE 2 PER THE GOVERNING INSTRUMENT, THE TRUST IS REQUIRED TO DISTRIBUTE 33 1/3% OF ITS INCOME ANNUALLY IN SUPPORT OF THE NAMED BENEFICIARIES: SOUTHWESTERN UNIVERSITY, TEXAS WESLEYAN UNIVERSITY, AND SOUTHERN METHODIST UNIVERSITY. EACH SCHOOL DETERMINES WHICH STUDENTS RECEIVE THE SCHOLARSHIPS PROVIDED BY THESE FUNDS. THE TRUSTEE WORKS WITH EACH NAMED BENEFICIARY TO ENSURE THAT THEY HAVE A SIGNIFICANT VOICE IN THE OPERATIONS OF THE TRUST. FORM 990, PART VI, SECTION A, LINE 11B YES, THE ADMINISTRATOR FOR THE TRUST REVIEWS AND SIGNS FORM 990 AS REQUIRED BY INTERNAL BANK POLICIES. FORM 990, PART VI, SECTION B, LINE 12C FROST BANK HAS WRITTEN CONFLICT OF INTEREST POLICIES THAT STATE ANY DECISION MADE MUST BE IN THE ACCOUNTS BEST INTEREST. BANK POLICY REQUIRES ALL OFFICERS AND DIRECTORS TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICT OF INTEREST. NO TRANSACTION OF THIS NATURE WILL BE CONSUMMATED WITHOUT CONSULTATION WITH COUNSEL AND THE PRIOR APPROVAL OF THE STATEWIDE TRUST INVESTMENT COMMITTEE OR THE TRUST ADMINISTRATIVE COMMITTEE. ANNUALLY EMPLOYEES ARE ASKED TO SIGN AN ATTESTATION CERTIFYING THEY ARE IN COMPLIANCE WITH THESE POLICIES. MONTHLY MONITORING OCCURS OF EMPLOYEE AND IMMEDIATE FAMILY BROKERAGE ACCOUNTS TO MONITOR FOR CONFLICT OF INTEREST. THE BANK INTERNAL POLICIES ARE REGULARLY AND CONSISTENTLY MONITORED FOR COMPLIANCE AND ENFORCEMENT BY INTERNAL AND EXTERNAL AUDITORS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF FORM 1023, TRUST GOVERNING DOCUMENTS, TAX RETURNS, AND FINANCIAL REPORTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. A COPY OF THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VIII - INVESTMENT INCOME INTEREST INCOME: $60,373 DIVIDEND INCOME: $248,842 -------------------------- TOTALS: $309,215 FROM 990, PART VI, SECTION B, LINE 13,14,15 FROST BANK HAS A WRITTEN WHISTLEBLOWER POLICY AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTIONS POLICY. COMPENSATION FOR THE TRUSTEE IS EITHER SET BY THE GOVERNING DOCUMENT OR REFLECT CHARGES THAT ARE NORMAL AND CUSTOMARY AS ESTABLISHED BY THE BANK FOR SIMILAR ACCOUNTS. SOUTHWESTERN UNIVERSITY 1001 E UNIVERSITY DR GEORGETOWN TX 78626 741233796 501(c)(3) 2 NA false SOUTHERN METHODIST UNIVERSITY PO BOX 750233 DALLAS TX 75275 750800689 501(c)(3) 2 NA false TEXAS WESLEYAN UNIVERSITY 1201 WESLEYAN ST FORT WORTH TX 76105 750800691 501(c)(3) 2 NA false false true false false false false false false false false false false false false false false false false false NONE NONE NONE