THE DEBAKEY MEDICAL FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE DEBAKEY MEDICAL FOUNDATION (EIN 74-6053822)
- Tax period
- 2019-05-01 to 2020-04-30
- Filed
- 2020-09-21
- IRS object ID
- 202012659349100061
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-09-21T10:55:45-07:00 | ReturnTs |
| Tax Period End | 2020-04-30 | 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 | 770275132 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-05-01 | 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 |
| Business Name Line2 | co Dr George Noon | BusinessNameLine2Txt |
| 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 | Fondren Bldg 6565 Fannin | AddressLine1Txt |
| City | Houston | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 77030 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dr George P Noon | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2020-09-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Kurt Coburn | PreparerPersonNm |
| PTIN | P01638285 | PTIN |
| Phone | 7134395739 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-01-07 14:23:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $54,618,138 | FMVAssetsEOYAmt |
| Method Of Accounting Other | Yes (X) | MethodOfAccountingOtherInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $60 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $2,210 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $2,210 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,582,364 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,582,364 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $209,931 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $976,063 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $209,931 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,794,565 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,794,505 | 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 |
| Legal Fees Rev And Expnss | $1,582 | LegalFeesRevAndExpnssAmt |
| Legal Fees Dsbrs Chrtbl | $1,582 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $8,471 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $4,235 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $4,236 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $239,966 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $239,966 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $86,575 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $39,313 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $80,554 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $4,781 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $75,773 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $544,798 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $313,825 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $183,711 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $2,350,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,350,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,894,798 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $313,825 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,533,711 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,100,233 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,480,680 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $2,252,221 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $925,196 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $925,196 | SavAndTempCashInvstEOYFMVAmt |
| Pledges Rcvbl | $3 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $3 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $3 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $3 | PledgesRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $500 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $500 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $500 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $341,302 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $274,774 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $277,736 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $12,936,270 | CorporateStockBOYAmt |
| Corporate Stock EOY | $13,467,282 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $52,368,506 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $892,988 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $892,988 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $954,024 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $139,914 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $377,606 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $139,914 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $92,173 | LandBldgInvestmentsEOYFMVAmt |
| Total Assets BOY | $16,800,890 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,700,657 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $54,618,138 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $16,800,890 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $16,800,890 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $15,700,657 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $16,800,890 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $15,700,657 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $16,800,890 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,100,233 | ExcessRevenueOverExpensesAmt |
| Subtotal | $15,700,657 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $15,700,657 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt |
|---|---|---|---|---|---|---|---|
| Publicly traded securities | $886,397 | $528,440 | $357,957 | $357,957 | |||
| Securities litigation settlements | $30 | $30 | $30 | ||||
| Land - Robinson H.A., Houston, TX | $89,636 | $237,692 | -$148,056 | -$148,056 | D | 2020-01-01 | 2019-12-06 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $209,931 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $2,397,964 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $53,912,793 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.04448 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,532,567 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $53,610,680 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.04724 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,643,466 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $49,125,780 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.05381 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,293,541 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $47,250,164 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.04854 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $2,728,959 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $50,856,788 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.05366 | DistributionYr5Rt |
| Total Distribution | 0.247729 | TotalDistributionRt |
| Average Distribution | 0.049546 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $57,131,433 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,830,634 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $14,807 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,845,441 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $2,533,711 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $29,614 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $29,614 | SubtotalAmt |
| Tax Based On Investment Income | $29,614 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $29,000 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $614 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $29,614 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
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 | 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 | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | None | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rubye Triplett | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 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 | 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 (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| Dr George P Noon | ||||||
| Fondren Bldg 6565 Fannin F426 | Houston | TX | 77030 | Pres/Trustee | 10.00 | $100,000 |
| Dr Herbert D Short III | ||||||
| Fondren Bldg 6565 Fannin F426 | Houston | TX | 77030 | Treas/Trustee | 1.00 | $5,000 |
| Dr Charles H McCollum | ||||||
| Fondren Bldg 6565 Fannin F426 | Houston | TX | 77030 | Sec/Trustee | 1.00 | $5,000 |
| William H Caudill | ||||||
| Fondren Bldg 6565 Fannin F426 | Houston | TX | 77030 | Trustee | 1.00 | $5,000 |
| David Lummis | ||||||
| Fondren Bldg 6565 Fannin F426 | Houston | TX | 77030 | Trustee | 1.00 | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
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 | $239,966 | CompensationAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $55,438,932 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,416,568 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $145,955 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $58,001,455 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $58,001,455 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $870,022 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $57,131,433 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,856,572 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,856,572 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $29,614 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $29,614 | TotalTaxAmt |
| Distributable Before Adj | $2,826,958 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,826,958 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,826,958 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,533,711 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $2,533,711 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $2,533,711 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,826,958 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $2,415,191 | UndistributedIncomePYAmt |
| Qualifying Distributions | $2,533,711 | QualifyingDistributionsAmt |
| Applied To Year1 | $2,415,191 | AppliedToYear1Amt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $118,520 | AppliedToCurrentYearAmt |
| Undistributed Income CY | $2,708,438 | UndistributedIncomeCYAmt |
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 | |||||||
| One Baylor Plaza | Houston | TX | 77030 | N/A | PC | Michael E. DeBakey Library and Museum | $800,000 |
| Baylor College of Medicine | |||||||
| One Baylor Plaza | Houston | TX | 77030 | N/A | PC | New medical building | $100,000 |
| Baylor University | |||||||
| One Bear Place 971026 | Waco | TX | 76798 | N/A | PC | Medical Humanities Program in the College of Arts and Sciences | $250,000 |
| Houston Methodist Hospital | |||||||
| PO Box 4384 | Houston | TX | 77210 | N/A | PC | Michael E. DeBakey Institute for Cardiovascular Education & Training | $800,000 |
| John P McGovern Museum | |||||||
| 1515 Hermann Dr | Houston | TX | 77004 | N/A | PC | Michael E. DeBakey Cell Labs | $150,000 |
| National Library of Medicine | |||||||
| 8600 Rockville Pike | Beethesda | 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 | $2,350,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,210 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,582,364 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $209,931 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,794,505 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,794,505 | 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 |
|---|---|---|---|---|
| Accounting | $6,000 | $3,000 | $0 | $3,000 |
| Tax compliance | $2,471 | $1,235 | $0 | $1,236 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (5 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 175,000 AmEx Note 3.4% 02/27/23 | $174,864 | $183,150 |
| 175,000 Morgan Stanley 3.625% 01/20/27 | $173,027 | $190,369 |
| 200,000 Franklin Resources 2.8% 09/15/22 | $203,416 | $207,370 |
| 175,000 Goldman Sachs 3.85% 01/26/27 | $171,438 | $189,611 |
| 175,000 JPMorgan Chase 2.95% 10/01/26 | $170,243 | $183,524 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (43 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| 19,000 shs Abbott Laboratories | $245,510 | $1,749,710 |
| 15,000 shs AbbVie Inc | $15,000 | $1,233,000 |
| 2,500 shs Air Products & Chemicals Inc | $105,748 | $563,950 |
| 35,000 shs Altria Group Inc | $29,837 | $1,373,750 |
| 8,500 shs American Express Company | $151,606 | $775,625 |
| 21,000 shs Apple Inc | $449,326 | $6,169,800 |
| 5,000 shs ASML Holding NV | $490,637 | $1,442,150 |
| 7,000 shs Automatic Data Processing | $169,931 | $1,026,830 |
| 3,100 shs BlackRock Inc | $772,013 | $1,556,324 |
| 2,000 shs Canadian Pacific Railway Ltd | $240,625 | $454,660 |
| 18,000 shs Chevron Corporation | $471,235 | $1,656,000 |
| 9,000 shs Chubb Ltd | $916,085 | $972,090 |
| 34,000 shs Comcast Corporation | $826,098 | $1,279,420 |
| 14,000 shs ConocoPhillips | $528,732 | $589,400 |
| 35,162 shs Exxon Mobil Corporation | $531,156 | $1,633,978 |
| 800 shs Facebook Inc Common Stock | $87,051 | $163,768 |
| 6,666 shs Fox Corp CL A Com | $169,180 | $172,449 |
| 10,000 shs Intercontinental Exchange Inc | $485,701 | $894,500 |
| 3,400 shs Johnson & Johnson | $16,135 | $510,136 |
| 18,000 shs JPMorgan Chase & Co | $469,014 | $1,723,680 |
| 3,000 shs Kellogg Company | $97,710 | $196,500 |
| 7,600 shs Mcdonald's Corp | $186,933 | $1,425,456 |
| 1,700 shs Microsoft Corporation | $88,885 | $304,657 |
| 24,000 shs Nestle S A/S ADR | $85,750 | $2,533,896 |
| 6,000 shs Novartis AG | $373,335 | $508,380 |
| 30,000 shs Novo Nordisk A/S | $319,555 | $1,899,900 |
| 8,400 shs PepsiCo Inc | $83,399 | $1,111,236 |
| 40,000 shs Philip Morris Intl Inc | $122,417 | $2,984,000 |
| 5,700 shs Praxair Inc | $301,073 | $1,048,743 |
| 16,400 shs Proctor & Gamble | $8,021 | $1,933,068 |
| 20,000 shs Roche Holdings | $447,215 | $868,900 |
| 8,104 shs Royal Dutch Shell PLC | $104,224 | $268,486 |
| 5,000 shs S&P Global Inc | $246,904 | $1,464,400 |
| 19,000 shs Texas Instruments Inc | $749,951 | $2,205,330 |
| 57,000 shs The Coca-Cola Co | $81,733 | $2,615,730 |
| 7,400 shs Union Pacific Corporation | $742,740 | $1,182,446 |
| 7,000 shs Visa Inc Class A | $487,163 | $1,251,040 |
| 13,656 shs Disney Walt Co | $741,812 | $1,476,896 |
| 5,000 shs Xilinx Inc | $162,542 | $437,000 |
| 1,200 shs Alcon Inc | $51,956 | $63,372 |
| 6,000 shs Raytheon Technologies Co | $448,683 | $388,860 |
| 6,000 shs Carrier Global Co | $152,047 | $106,260 |
| 3,000 shs Otis Worldwide Co | $212,614 | $152,730 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $274,774 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $277,736 | USGovtObligationsEOYFMVAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Land | CategoryOrItemTxt |
| Cost Or Other Basis | $139,914 | CostOrOtherBasisAmt |
| Book Value | $139,914 | BookValueAmt |
| EOYFMV | $92,173 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General governance and counsel | CategoryTxt |
| Legal Fees | $1,582 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $1,582 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| DeBakey biography | $20,000 | $20,000 | |
| Insurance | $7,546 | $3,773 | $3,773 |
| Land maintenance | $140 | $140 | |
| Medical Student Poetry Program | $1,750 | $1,750 | |
| Office expenses - reimburse Baylor | $50,000 | $50,000 | |
| Other expenses | $1,118 | $250 | $868 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment advisor fees | CategoryTxt |
| Amt | $239,966 | Amt |
| Net Investment Income | $239,966 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| Ad Valorem tax | $3,810 | $3,810 |
| Excise tax | $47,262 | |
| Foreign tax | $35,503 | $35,503 |