THE CULLEN FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- THE CULLEN FOUNDATION (EIN 76-0647361)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-13
- IRS object ID
- 202143179349100819
- Schema version
- 2020v4.0
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
- Transfers Frm Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-13T10:37:18-08:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 760647361 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Cullen Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CULL | BusinessNameControlTxt |
| Phone | 7136518839 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 Allen Parkway Suite 1050 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77019 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Scott W Wise | PersonNm |
| Person Title | President/Treasurer | PersonTitleTxt |
| Signature | 2021-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Scott W | PersonFirstNm |
| Person Last | Wise | 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 | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $367,967,579 | 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 | $33,684 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $33,684 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,085,055 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,085,055 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $15,547,750 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $68,194,639 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,440,947 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $2,962,136 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $3,075,269 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $19,628,625 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $18,634,955 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $681,353 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $204,406 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $476,947 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $265,963 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $85,720 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $170,963 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $178,472 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $57,542 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $120,930 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $27,785 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,892 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $13,893 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,702,048 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,694,172 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $7,876 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $784,462 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $8,338 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $19,889 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $5,912 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $73,016 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $21,175 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $51,841 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $3,458 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $2,154 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,221 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $246,131 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $197,629 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $48,502 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,982,577 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $2,288,940 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $892,173 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $14,145,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $14,145,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $18,127,577 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $2,288,940 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,037,173 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $1,501,048 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $16,346,015 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $168,040 | CashBOYAmt |
| Cash EOY | $57,646 | CashEOYAmt |
| Cash EOYFMV | $57,646 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,716,971 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,607,617 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,607,617 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $58,088,675 | CorporateStockBOYAmt |
| Corporate Stock EOY | $26,821,020 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $49,678,518 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $9,984,554 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $9,980,457 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,970,048 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $206,411,435 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $239,412,154 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $306,526,879 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $204,261 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $77,390 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $135,042 | LandBOYAmt |
| Land EOY | $126,871 | LandEOYAmt |
| Land EOYFMV | $126,871 | LandEOYFMVAmt |
| Total Assets BOY | $276,504,717 | TotalAssetsBOYAmt |
| Total Assets EOY | $278,005,765 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $367,967,579 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $276,504,717 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $276,504,717 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $278,005,765 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $276,504,717 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $278,005,765 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $276,504,717 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $1,501,048 | ExcessRevenueOverExpensesAmt |
| Subtotal | $278,005,765 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $278,005,765 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | $50,732,541 | $44,004,875 | $6,727,666 | $6,727,666 | |||
| Passthrough K-1 capital gain | $5,455,569 | $5,455,569 | $5,455,569 | ||||
| Security settlement proceeds | $6,529 | $6,529 | $6,529 | ||||
| AKO European Long-Only Fund Ltd | $12,000,000 | $9,748,817 | $2,251,183 | $2,251,183 | P | 2010-01-01 | 2020-07-31 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,440,947 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $227,210 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $227,210 | SubtotalAmt |
| Tax Based On Investment Income | $227,210 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $197,952 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $247,952 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $217 | EsPenaltyAmt |
| Overpayment | $20,525 | OverpaymentAmt |
| Applied To ES Tax | $20,525 | AppliedToESTaxAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Organization Dissolved Etc | false | 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 | Yes (true) | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | www.cullenfdn.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Peggy Reid | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7136518839 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 Allen Parkway Suite 1050 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770192115 | 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 | Yes (true) | 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 | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| 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 (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt |
|---|---|---|---|---|---|---|---|
| Isaac Arnold Jr | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Chairman/Dir | 2.00 | $0 | |
| Wilhelmina E Robertson | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | VC/Sec/A.T./Dir | 10.00 | $0 | |
| Meredith T Cullen | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | A. Sec/A.T./Dir | 2.00 | $0 | |
| Bert L Campbell | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Director | 2.00 | $0 | |
| Carla Knobloch | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Director | 2.00 | $0 | |
| Scott W Wise | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | President/Treas | 40.00 | $445,575 | $58,203 |
| Laura Chapman | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Vice President | 40.00 | $235,777 | $29,319 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt |
|---|---|---|---|---|---|---|---|
| Peggy Reid | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Controller | 40.00 | $190,000 | $42,795 |
| Gina McEvily | |||||||
| 2727 Allen Parkway Suite 1050 | Houston | TX | 770192115 | Grant admin | 35.00 | $75,963 | $17,223 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| The Silchester Intl Investors Intl Val Eqty | |||||
| 780 Third Avenue 42nd Floor | New York | NY | 10017 | Investment management | $240,208 |
| Northern Trust Company | |||||
| 50 South LaSalle | Chicago | IL | 60603 | Custody/investment mgmt | $157,752 |
| Fayez Sarofim & Co | |||||
| 909 Fannin Ste 2907 | Houston | TX | 77010 | Investment management | $66,713 |
| Albourne America LLC | |||||
| 655 Montgomery St Ste 1910 | San Francisco | CA | 94111 | Investment advisory | $170,000 |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $62,722,665 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,033,793 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $293,236,470 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $361,992,928 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $361,992,928 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,429,894 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $356,563,034 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $17,828,152 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $17,828,152 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $227,210 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $188,072 | IncomeTaxAmt |
| Total Tax | $415,282 | TotalTaxAmt |
| Distributable Before Adj | $17,412,870 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $17,412,870 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $17,412,870 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,037,173 | ExpensesAndContributionsAmt |
| Charitable Assets Acquis Paid | $8,320 | CharitableAssetsAcquisPaidAmt |
| Qualifying Distributions | $15,045,493 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $15,045,493 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $17,412,870 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $3,374,572 | UndistributedIncomePYAmt |
| Qualifying Distributions | $15,045,493 | QualifyingDistributionsAmt |
| Applied To Year1 | $3,374,572 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $11,670,921 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $5,741,949 | UndistributedIncomeCYAmt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Gina McEvily | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2727 Allen Parkway Suite 1050 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 770192115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7136518837 | RecipientPhoneNum |
| Recipient Email Address | gina@cullenfdn.org | RecipientEmailAddressTxt |
| Form And Info And Materials | See www.cullenfdn.org for online application and information. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | None | SubmissionDeadlinesTxt |
| Restrictions On Awards | Restricted to Texas-based charitable organizations for programs in Texas, primarily in the Houston area. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | See attachment | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | State and zip code provided | AddressLine1Txt |
| City | for efiling | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Grant Or Contribution Purpose | See attachment | GrantOrContributionPurposeTxt |
| Amt | $14,145,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $14,145,000 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | Texas Children's Hospital | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1919 S Braeswood Blvd Ste 5214 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77030 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | The Cullen Foundation Distinguished Endowed Chair at the Jan and Dan Duncan Neurological Research Institute | GrantOrContributionPurposeTxt |
| Amt | $1,200,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $1,200,000 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $33,684 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,085,055 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 525990 | BusinessCd |
| Unrelated Business Taxbl Incm | $1,106,803 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $14,440,947 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | ExclusionExclusionCd | ExclusionExclusionAmt | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt |
|---|---|---|---|---|
| Oil & gas royalties | 15 | $127,775 | ||
| Passthrough K-1 Income | 14 | $2,933,796 | 525990 | -$99,435 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $1,007,368 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $18,621,257 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $19,628,625 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Audit fees | $20,035 | $10,017 | $0 | $10,018 |
| Tax compliance | $7,750 | $1,875 | $0 | $3,875 |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| Equipment | 2009-01-01 | $27,336 | $17,630 | SL | 5.0000 | $3,941 | $1,190 |
| Leasehold improvements | 2017-04-01 | $100,442 | $16,740 | SL | 15.0000 | $6,696 | $1,942 |
| Furniture | 2017-01-01 | $64,765 | $23,131 | SL | 7.0000 | $9,252 | $2,780 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | 1,014,904 Pimco Short-Term Fund Instl | BondNm |
| EOY Book Value | $9,980,457 | EOYBookValueAmt |
| EOYFMV | $9,970,048 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (46 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 5,060 Abbott Laboratories | $247,268 | $554,019 |
| 2,670 AbbVie Inc | $62,814 | $286,091 |
| 570 Adobe Inc | $202,390 | $285,068 |
| 1,000 Air Products & Chemicals Inc | $156,680 | $273,220 |
| 700 Alphabet Inc Cl C | $577,958 | $1,226,316 |
| 5,570 Altria Group Inc | $58,083 | $228,370 |
| 530 Amazon.com Inc | $983,888 | $1,726,173 |
| 18,320 Apple Inc | $130,746 | $2,430,881 |
| 1,400 ASML Holding NV | $142,010 | $682,808 |
| 850 Automatic Data Processing Inc | $31,906 | $149,770 |
| 1,050 BlackRock Inc | $327,033 | $757,617 |
| 1,700 Broadridge Financial Solutions Inc | $209,825 | $260,440 |
| 1,100 Canadian Pacific Railway Ltd | $139,149 | $381,359 |
| 3,560 Chevron Corporation | $193,571 | $300,642 |
| 216,000 China Hongxing Sports Ltd | $1 | $1 |
| 2,850 Chubb Limited | $295,320 | $438,672 |
| 11,780 Comcast Corp Cl A | $377,968 | $617,272 |
| 3,000 IHS Markit Ltd | $238,813 | $269,490 |
| 3,750 Intercontinental Exchange Inc | $213,247 | $432,338 |
| 800 Intuit Inc | $221,509 | $303,880 |
| 925 Intuitive Surgical Inc | $277,924 | $756,743 |
| 4,558 JPMorgan Chase & Co | $185,869 | $579,185 |
| 850 Masimo Corporation | $186,992 | $228,123 |
| 850 Mastercard Inc Cl A | $189,124 | $303,399 |
| 1,820 McDonald's Corp | $105,810 | $390,536 |
| 5,650 Meta Platforms Inc | $786,370 | $1,543,354 |
| 9,250 Microsoft Corporation | $549,512 | $2,057,385 |
| 3,930 Nestle ADR | $161,002 | $462,954 |
| 3,900 Nike Inc Cl B | $217,806 | $551,733 |
| 6,350 Novo Nordisk A/S Adr | $86,075 | $443,548 |
| 75,354 NTGI-QM Com Daily Rus 1000 Idx Fd | $15,118,939 | $22,780,201 |
| 1,400 Otis Worldwide Corp | $99,278 | $94,570 |
| 3,550 PepsiCo Inc | $301,787 | $526,465 |
| 5,880 Philip Morris International Inc | $233,946 | $486,805 |
| 5,100 Progressive Corp | $384,996 | $504,288 |
| 4,100 Raytheon Technologies Corp | $283,699 | $293,191 |
| 9,660 Roche Holdings AG | $197,961 | $423,494 |
| 1,800 S&P Global Inc | $423,809 | $591,714 |
| 450 Sherwin-Williams Co | $205,006 | $330,710 |
| 4,640 Texas Instruments Inc | $121,199 | $761,563 |
| 9,320 The Coca-Cola Co | $232,497 | $511,109 |
| 2,700 The Estee Lauder Companies Inc | $229,689 | $718,713 |
| 2,850 Union Pacific Corporation | $302,940 | $593,427 |
| 2,850 UnitedHealth Group Inc | $679,725 | $999,438 |
| 1,600 Verisk Analytics Inc | $158,276 | $332,144 |
| 3,700 Visa Inc Cl A | $290,610 | $809,299 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (34 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | EOYFMVEOYFMVAmt | Book ValueBookValueAmt |
|---|---|---|---|
| Accrued Income | AT COST | $40,902 | |
| AKO European Long-Only Fund Ltd | AT COST | $13,831,115 | $10,251,183 |
| AKO Global Fund Limited | AT COST | $12,859,713 | $12,000,000 |
| Atalan Offshore Fund Ltd | AT COST | $12,266,172 | $12,000,000 |
| Blackgold Private Energy Partners LP | AT COST | $4,237,047 | $4,430,040 |
| Cedar Rock Capital Partners LLC | AT COST | $25,026,842 | $21,769,841 |
| Cevian Capital II Ltd | AT COST | $13,119,859 | $12,000,000 |
| Coatue Offshore Fund Ltd | AT COST | $29,367,654 | $18,000,000 |
| CREA Partners II LP | AT COST | $7,535,138 | $8,553,281 |
| CREA Partners III LP | AT COST | $320,263 | $389,553 |
| Diameter Offshore Fund LP | AT COST | $20,243,241 | $17,000,000 |
| Eminence Fund Ltd | AT COST | $35,992,222 | $20,000,000 |
| Encap Flatrock Midstream Fund II-C LP | AT COST | $777,096 | $1,698,261 |
| GSR 2017 Opportunities Fund LP | AT COST | $541,903 | $483,130 |
| GSR Ventures VI LP | AT COST | $739,548 | $649,339 |
| GSR Ventures VII LP | AT COST | $478,992 | $436,096 |
| GSR Zebra SPV LP | AT COST | $268,209 | $243,828 |
| Highland Cap Invs Corp Hldg (Red River) | AT COST | $1 | $489,273 |
| IR&M Core Plus Bond Fund LLC | AT COST | $22,057,827 | $21,083,450 |
| Meadow Real Estate V LP | AT COST | $5,082,277 | $4,295,757 |
| Merit Energy Partners K LP | AT COST | $1,827,343 | $1,964,010 |
| Oaktree Mezzanine Fund III LP | AT COST | $6,017 | $1,402 |
| OCM Opportunities Fund VII-B LP | AT COST | $14,299 | $65,218 |
| Royalty Interests | AT COST | $212,753 | |
| SCF-IX LP | AT COST | $1,279,188 | $1,194,294 |
| Silchester Intl Inv Intl Value Equity Tr | AT COST | $27,686,146 | $27,394,291 |
| Silver Point Dist Opp Instl Pts (Off) LP | AT COST | $6,068,793 | $4,751,937 |
| Stonelake Opportunity Partners II LP | AT COST | $8,776,819 | $3,422,276 |
| Stonelake Opportunity Partners III LP | AT COST | $3,304,689 | $551,913 |
| Stonelake Opportunity Partners IV LP | AT COST | $6,471,213 | $4,371,872 |
| Stonelake Opportunity Partners V LP | AT COST | $3,318,863 | $2,994,338 |
| Stonelake Opportunity Partners VI LP | AT COST | $78,691 | $72,429 |
| Tremblant Long Fund Ltd | AT COST | $27,599,155 | $15,000,000 |
| ValueAct Capital Intl II LP | AT COST | $15,254,271 | $12,000,000 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| Furniture and Fixtures | $64,765 | $32,383 | $32,382 | $32,382 |
| Machinery and Equipment | $27,336 | $21,571 | $5,765 | $5,765 |
| Improvements | $100,442 | $23,436 | $77,006 | $77,006 |
| Miscellaneous | $11,718 | $11,718 | $11,718 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Bank charges | $2,846 | $911 | $1,935 |
| Bank custodial fees | $148,543 | $148,543 | |
| Dues and subscriptions | $7,309 | $1,288 | $6,021 |
| Insurance | $27,150 | $8,688 | $18,462 |
| Oil & gas other deductions | $27,367 | $27,367 | |
| Other administrative expenses | $9,747 | $3,119 | $6,628 |
| Other investment fees | $440 | $440 | |
| Repairs/maintenance | $403 | $129 | $274 |
| Supplies | $6,847 | $2,191 | $4,656 |
| Technology | $15,479 | $4,953 | $10,526 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Oil & gas royalties | $127,775 | $127,775 |
| Passthrough K-1 Income | $2,834,361 | $2,947,494 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Appraisal and env study fees | $2,360 | $0 | $0 | $2,360 |
| Investment consulting fees | $170,000 | $170,000 | $0 | $0 |
| Investment management fees | $1,521,577 | $1,521,577 | $0 | $0 |
| Payroll services | $8,111 | $2,595 | $0 | $5,516 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Ad valorem taxes | $3,442 | $3,442 |
| Excise tax | $175,000 | |
| Income tax | $601,124 | |
| O & G production taxes | $4,896 | $4,896 |
Transfers Frm Controlled Entities TransfersFrmControlledEntities
Transfers From Controlled Ent TransfersFromControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BlackGold Private Equity Partners | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N Post Oak Ln Ste 500 | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77024 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 811616295 | EIN |
| Desc | Distribution from investment fund. Entity is not a business enterprise, per IRC 4943(d)(3)(B). | Desc |
| Amt | $995,842 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $995,842 | TotalAmt |