Instrumentl eFile Render
Object ID: 202340129349101314 - Rendered 2026-04-22
TIN: 23-7237919
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
For calendar year 2021, or tax year beginning
09-01-2021
, and ending
08-31-2022
Name of foundation
The Eugene McDermott Foundation
Number and street (or P.O. box number if mail is not delivered to street address)
1937 Malone Cliff View
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Dallas
,
TX
75208
A Employer identification number
23-7237919
B
Telephone number (see instructions)
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
265,723,749
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
79,104,158
2
Check
.............
3
Interest on savings and temporary cash investments
113
113
4
Dividends and interest from securities
...
5,947,477
5,866,938
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
12,827,353
b
Gross sales price for all assets on line 6a
67,474,947
7
Capital gain net income (from Part IV, line 2)
...
12,827,353
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
5,678
5,678
12
Total.
Add lines 1 through 11
........
97,884,779
18,700,082
13
Compensation of officers, directors, trustees, etc.
34,000
8,500
25,500
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
14,750
3,688
11,062
c
Other professional fees (attach schedule)
....
1,199,935
1,128,396
71,539
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
253,739
50,230
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
67
54
13
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,502,491
1,190,868
108,114
25
Contributions, gifts, grants paid
.......
16,296,000
16,296,000
26
Total expenses and disbursements.
Add lines 24 and 25
17,798,491
1,190,868
16,404,114
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
80,086,288
b
Net investment income
(if negative, enter -0-)
17,509,214
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2021)
Form 990-PF (2021)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
1,097
1,332
1,332
2
Savings and temporary cash investments
.........
3,498,095
11,000,214
11,003,690
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
13,829,352
19,532,893
18,378,626
b
Investments—corporate stock (attach schedule)
.......
78,880,290
135,294,443
177,130,111
c
Investments—corporate bonds (attach schedule)
.......
5,219,882
24,570,070
23,252,812
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
39,013,383
30,129,435
35,957,178
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
140,442,099
220,528,387
265,723,749
17
Accounts payable and accrued expenses
..........
18
Grants payable
.................
19
Deferred revenue
.................
20
Loans from officers, directors, trustees, and other disqualified persons
21
Mortgages and other notes payable (attach schedule)
......
22
Other liabilities (describe
)
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
138,203,942
151,031,295
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
2,238,157
69,497,092
29
Total net assets or fund balances
(see instructions)
.....
140,442,099
220,528,387
30
Total liabilities and net assets/fund balances
(see instructions)
.
140,442,099
220,528,387
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
140,442,099
2
Enter amount from Part I, line 27a
.....................
2
80,086,288
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
220,528,387
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
220,528,387
Form
990-PF
(2021)
Form 990-PF (2021)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a
Publicly traded securities
b
CHCP Global Securities LP - K1
c
Socorro Dynamic Opport Fund LP-K1
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
65,177,463
54,647,594
10,529,869
b
1,493,740
1,493,740
c
803,744
803,744
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
10,529,869
b
1,493,740
c
803,744
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
12,827,353
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Form
990-PF
(2021)
Form 990-PF (2021)
Page
4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
0
3
Add lines 1 and 2
...........................
3
243,378
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
243,378
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
196,450
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
196,450
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
41
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
46,969
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
Refunded
11
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
TX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
...............................
10
No
Form
990-PF
(2021)
Form 990-PF (2021)
Page
5
Part VI-A
Statements Regarding Activities
(continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
14
The books are in care of
Mary M Cook
Telephone no.
(214) 369-9222
Located at
1937 Malone Cliff View
Dallas
TX
ZIP+4
75208
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
Yes
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
Yes
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
No
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2021?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2021, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2021?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
No
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2021 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period?
(Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2021.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021?
..
4b
No
Form
990-PF
(2021)
Form 990-PF (2021)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
Mary McDermott Cook
Pres Trustee
10.00
0
0
0
1942 Malone Cliff View
Dallas
,
TX
75208
J H Cullum Clark
Trustee
1.00
0
0
0
53443 Waneta
Dallas
,
TX
75209
Patricia Brown
Assistant Sec
20.00
34,000
0
0
4303 Glenleigh Drive
Dallas
,
TX
75220
Sam Self
Trustee
1.00
0
0
0
6918 Oak Manor Drive
Dallas
,
TX
75230
Liza Lee
Trustee
1.00
0
0
0
3740 Holland Avenue D
Dallas
,
TX
75219
Joe Hubach
Trustee
1.00
0
0
0
4311 W Lawther
Dallas
,
TX
75214
Grace Cook
Trustee
1.00
0
0
0
1503 Corto
Dallas
,
TX
752183208
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2021)
Form 990-PF (2021)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
Bank of America Private Bank
AgencyInvestment
265,820
901 Main St 19th Floor
Dallas
,
TX
752023714
CH Investment Partners
Investment manager
336,004
3953 Maple Avenue Suite 250
Dallas
,
TX
75219
UBS Financial Services Inc
Investment manager
144,601
7250 Dallas Parkway 12th Floor
Dallas
,
TX
752044920
Total
number of others receiving over $50,000 for professional services
.............
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
NA
0
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
NA
0
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2021)
Form 990-PF (2021)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
275,750,882
b
Average of monthly cash balances
.......................
1b
1,256
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
275,752,138
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
275,752,138
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
4,136,282
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
271,615,856
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
13,580,793
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
13,580,793
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
243,378
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
c
Add lines 2a and 2b
............................
2c
243,378
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
13,337,415
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
13,337,415
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
13,337,415
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26
..........
1a
16,404,114
b
Program-related investments—total from Part VIII-B
..................
1b
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
4
16,404,114
Form
990-PF
(2021)
Form 990-PF (2021)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2020
(c)
2020
(d)
2021
1
Distributable amount for 2021 from Part X, line 7
13,337,415
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
1,890,956
b
From 2017
......
1,975,214
c
From 2018
......
2,139,113
d
From 2019
......
7,347,669
e
From 2020
......
5,958,117
f
Total
of lines 3a through e
........
19,311,069
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
16,404,114
a
Applied to 2020, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2021 distributable amount
.....
13,337,415
e
Remaining amount distributed out of corpus
3,066,699
5
Excess distributions carryover applied to 2021.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
22,377,768
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2016 not
applied on line 5 or line 7 (see instructions)
...
1,890,956
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
20,486,812
10
Analysis of line 9:
a
Excess from 2017
....
1,975,214
b
Excess from 2018
....
2,139,113
c
Excess from 2019
....
7,347,669
d
Excess from 2020
....
5,958,117
e
Excess from 2021
....
3,066,699
Form
990-PF
(2021)
Form 990-PF (2021)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2021, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2021
(b)
2020
(c)
2019
(d)
2018
b
85% (0.85) of line 2a
.........
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, b, or c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
None
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
None
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Mary McDermott Cook
1937 Malone Cliff View
Dallas
,
TX
75208
(214) 369-9222
b
The form in which applications should be submitted and information and materials they should include:
No prescribed form required
c
Any submission deadlines:
None
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
None
Form
990-PF
(2021)
Form 990-PF (2021)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
African American Museum
PO Box 150157
Dallas
,
TX
753150157
PC
For Masquerage Cabaret
15,000
After-School All-Stars N Texas
2902 Swiss Ave
Dallas
,
TX
75204
PC
For programs
10,000
ATT Performing Arts Center
700 N Pearl St Ste N1800
Dallas
,
TX
75201
PC
For Bravo Gala
20,000
Big Thought
1409 Botham Jean Blvd Suite 1015
Dallas
,
TX
75215
PC
For Deepen and Expand Impact Through Summer
250,000
Black Tie Dinner Inc
3824 Cedar Springs Road Ste 335
Dallas
,
TX
75219
PC
To Support LGBTQ Organizations
30,000
Braniff Airways Foundation Inc
4033 Killion Drive
Dallas
,
TX
75229
PC
For Cabin Project Completion
20,000
Center for Brain Health UTD
2200 W Mockingbird Lane
Dallas
,
TX
75235
PC
For Center for Brain Health operations
345,000
ChildCareGroup
1420 W Mockingbird Lane
Dallas
,
TX
75247
PC
For programs
25,000
Dallas Afterschool Network
3900 Willow Street Ste 110
Dallas
,
TX
75226
PC
For operations
50,000
Dallas Arboretum Botanical
Society Inc 8525 Garland Rd
Dallas
,
TX
75218
PC
For operations
15,000
Dallas Black Dance Theatre
2700 Ann Williams Way
Dallas
,
TX
752012508
PC
For Boot Scootin Boogie
10,000
Dallas Black Dance Theatre
2700 Ann Williams Way
Dallas
,
TX
752012508
PC
For operations
100,000
Dallas Museum of Art
1717 N Harwood St
Dallas
,
TX
75201
PC
For Art in Bloom
10,000
Dallas Summer Musicals Inc
909 1st Ave
Dallas
,
TX
75210
PC
For DISD Student Engagement
50,000
Dallas Symphony Association Inc
2301 Flora St
Dallas
,
TX
752012413
PC
For Gala 22
25,000
Dallas Symphony Association Inc
2301 Flora Street
Dallas
,
TX
752012413
PC
For operations
600,000
Dallas Symphony Association Inc
2301 Flora Street
Dallas
,
TX
752012413
PC
For operations
500,000
Dallas Theater Center
2400 Flora Street
Dallas
,
TX
752012401
PC
For Dallas Centerstage
15,000
Dallas Zoological Society
650 S RL Thornton Freeway
Dallas
,
TX
75203
PC
For Challenge Grant for Parking Garage
1,500,000
Dallas Zoological Society
650 S RL Thornton Freeway
Dallas
,
TX
75203
PC
For Zoo to Do 2022
100,000
Friends of The Dallas Public
Library Inc 1515 Young St 7th Fl
Dallas
,
TX
75201
PC
For SMART with Mayor Johnson
10,000
Groundwork Dallas
9200 Chancellor Row
Dallas
,
TX
75247
PC
For operations
150,000
Jesuit College Preparatory School
of Dallas 12345 Inwood Road
Dallas
,
TX
75244
PC
For Scholarships
15,000
Junior League of Dallas
8003 Inwood Road
Dallas
,
TX
75209
PC
For 100th Anniversary in Honor of Women
100,000
Lumin Education
924 Wayne Street
Dallas
,
TX
75223
PC
For North Texas Giving Day for operations
80,000
My Possibilities
3601 Mapleshade Lane
Plano
,
TX
75075
PC
For New Lab
375,000
Nasher Sculpture Center
2001 Flora Street
Dallas
,
TX
75201
PC
For 2022 Nasher Prize
75,000
National Council of Jewish Women
Inc 16910 Dallas Pkwy Ste 104
Dallas
,
TX
75248
PC
For Luncheon
15,000
OutLoud Dallas Communities Fnd
of Texas 5500 Caruth Haven Ln
Dallas
,
TX
75225
PC
For Youth Programs
100,000
Planned Parenthood of Greater Texas
201 E Ben White Blvd Bldg B
Austin
,
TX
78704
PC
For operations
2,000,000
Readers 2 Leaders
PO Box 195076
Dallas
,
TX
75205
PC
For programs
100,000
Retreet America
5706 E Mockingbird Lane Ste 115
Dallas
,
TX
752065461
PC
For operations
50,000
Shakespeare Dallas
1250 Majesty Dr
Dallas
,
TX
75247
PC
For operations
10,000
Shelter Ministries of Dallas dba
Austin Street Center PO Box 710729
Dallas
,
TX
75371
PC
For Humble Beginnings Luncheon
15,000
Southern Gateway Public Green
Foundation 300 Crescent Court
Dallas
,
TX
75201
PC
For Features in Park
1,000,000
Southern Methodist University
PO Box 750402
Dallas
,
TX
75228
PC
For An Eye for An Eye for Elegance
10,000
TACA Inc
1722 Routh Street Ste 115
Dallas
,
TX
75201
PC
For operations and grants
200,000
Texas Ballet Theater Inc
PO Box 123290
Dallas
,
TX
75225
PC
For operations
50,000
Texas Winds Musical Outreach Inc
13601 Preston Road Ste W0735
Dallas
,
TX
75240
PC
For Concerts for Seniors
10,000
The Commit Partnership
3800 Maple Ave
Dallas
,
TX
752194076
PC
For operations
500,000
The Stewpot of First Presbyterian
Church 1835 Young Street
Dallas
,
TX
75201
PC
For operations
25,000
U S A Film Festival
6116 N Central Exp Ste 105
Dallas
,
TX
75206
PC
For KidFilm
6,000
United Way of Metropolitan Dallas
Inc 1800 N Lamar
Dallas
,
TX
75202
PC
For Social Innovation Accelerator
250,000
University of North Texas
1400 Botham Jean Blvd
Dallas
,
TX
75215
PC
For Caruth Police Institute
50,000
Urban Teachers
1825 Market Center Blvd Ste 320
Dallas
,
TX
752073348
PC
For programs
100,000
Vickery Meadow Youth Development
Foundation 4809 Cole Ave Ste 375
Dallas
,
TX
752053552
PC
For EAGLE Scholars
200,000
Vogel Alcove
PO Box 150948
Dallas
,
TX
753150948
PC
For operations
35,000
Well Community
125 Sunset Avenue
Dallas
,
TX
75208
PC
For operations
10,000
ALS Association Texas Chapter
14555 Dallas Pkwy Ste 100
Dallas
,
TX
752544351
PC
For operations
25,000
American Institute of Architects
325 N St Paul St Ste 150
Dallas
,
TX
75201
PC
For Architecture and Design Foundation
25,000
Cafe Momentum
1510 Pacific Ave
Dallas
,
TX
75201
PC
For operations
25,000
Child Poverty Action Lab
1808 S Good Latimer Expy
Dallas
,
TX
75226
PC
For programs
100,000
Childrens Cancer Fund of Dallas Inc
4201 Spring Valley Rd Ste 370
Dallas
,
TX
752443818
PC
For operations
5,000
Crohns Colitis Foundation of Am
12801 N Central Expressway Ste 530
Dallas
,
TX
75243
PC
For programs
10,000
Dallas CASA
2757 Swiss Venue
Dallas
,
TX
75204
PC
For operations
25,000
Dallas County Heritage Society
1515 S Harwood St
Dallas
,
TX
752151204
PC
For plan to Move to a Public Park
250,000
Dallas Holocaust Museum
300 N Houston St
Dallas
,
TX
75202
PC
For operations
5,000
Dallas Museum of Art
1717 N Harwood St
Dallas
,
TX
75201
PC
For Art Ball
50,000
Dallas Zoological Society
650 SRL Thornton Freeway
Dallas
,
TX
75203
PC
For Whooping Crane Center of Texas
500,000
Design Connect Create
8150 N Central Expy Ste 1200
Dallas
,
TX
752061995
PC
For programs
15,000
DME Exchange of Dallas Inc
12015 Shiloh Road Ste 130
Dallas
,
TX
75228
PC
For Recycle Durable Medical Equipment
5,000
Equest
PO Box 171779
Dallas
,
TX
752171163
PC
For Care of Verti and operations
10,000
Family Place Inc
PO Box 7999
Dallas
,
TX
752090999
PC
For operations
10,000
Georgia OKeeffe Museum
217 Johnson St
Santa Fe
,
NM
875011826
PC
For New Building
1,000,000
Lamplighter School
11611 Inwood Road
Dallas
,
TX
75229
PC
For Head Mistriss Garden in Honor of Pat Mattingly
500,000
Lamplighter School
11611 Inwood Road
Dallas
,
TX
75229
PC
For Zipline in Playground
500,000
Lone Star Wind Orchestra
12740 Hillcrest Rd Ste 175-B
Dallas
,
TX
75230
PC
For programs
10,000
Mental Health America of Greater
Dallas 624 N Good-Latimer Ste 200
Dallas
,
TX
75204
PC
For Who Program
10,000
North Texas Public Broadcasting Inc
3000 Harry Hines
Dallas
,
TX
75201
PC
For Art & Seek and Arts Journalism Alliance
200,000
Perot Museum of Nature and Science
2201 N Field St
Dallas
,
TX
75201
PC
For Night at the Museum
50,000
Preservation Dallas
2922 Swiss Ave
Dallas
,
TX
752045962
PC
For operations
5,000
Scottish Rite for Children
2222 Welborn St
Dallas
,
TX
752193924
PC
For Children for Treasure Street
10,000
SPARK
1409 S Lamar Street Ste 004
Dallas
,
TX
75215
PC
For programs
75,000
SPCA of Texas
2400 Lone Star Dr
Dallas
,
TX
752126309
PC
For Community Pet Wellness Program
10,000
St Phillips School Community
Center 1600 Pennsylvania Avenue
Dallas
,
TX
75215
PC
For operations
50,000
Suicide and Crisis Center of North
Texas 2808 Swiss Avenue
Dallas
,
TX
75204
PC
For operations
20,000
TACA Inc
1722 Routh Street Ste 115
Dallas
,
TX
75201
PC
For Silver Cup Award
25,000
Teach for America Inc
600 North Pearl Street Ste 2300
Dallas
,
TX
75201
PC
For programs
125,000
Teatro Hispano De Dallas
1331 Record Crossing Rd
Dallas
,
TX
75235
PC
To Hire Part-Time Development Director
35,000
Teco Theatrical Productions Inc
215 S Tyler Street
Dallas
,
TX
75208
PC
For operations
30,000
Texas Parks and Wildlife Dept
4200 Smith School Road
Austin
,
TX
78744
PC
For Palo Pinto Mountains State Park
1,000,000
Texas Trees Foundation
2100 Ross Avenue
Dallas
,
TX
752012739
PC
For Green Spine and Green Heart at UTSW
1,000,000
The Kessler School
1215 Turner Ave
Dallas
,
TX
752082631
PC
For Relocation and Expansion
400,000
Visiting Nurse Association of Texas
1420 W Mockingbird Lane Ste 700
Dallas
,
TX
75247
PC
For operations and equipment replacement
250,000
Trinity River Audobon Center
6500 Great Trinity Forest Way
Dallas
,
TX
75217
PC
For Trinity River Audobon Center Songbird Supper
25,000
Trinity River Audobon Center
6500 Great Trinity Forest Way
Dallas
,
TX
75217
PC
For operations
150,000
Trinity River Audobon Center
6500 Great Trinity Forest Way
Dallas
,
TX
75217
PC
For Scissortail and Cocktails
20,000
University of Texas at Austin
PO Box 7726
Austin
,
TX
787137726
PC
For Eugene McDermott Professorhship
420,000
Volunteers of America Texas Inc
300 Midway Dr E
Euless
,
TX
76039
PC
For Rosolana Honoring Amy Gill and Fran Tynan
25,000
WiNGS
1903 Anson Road
Dallas
,
TX
75235
PC
For operations
10,000
Year Up DallasFort Worth
701 Elm St Ste 400
Dallas
,
TX
75202
PC
For programs
25,000
Hockaday School
11600 Welch RD
Dallas
,
TX
75229
PC
For Scholarships
25,000
Total
.................................
3a
16,296,000
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2021)
Form 990-PF (2021)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
14
5,947,477
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
113
4
Dividends and interest from securities
....
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
12,827,353
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
Invest income - K-1
14
5,678
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
18,780,621
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
18,780,621
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2021)
Form 990-PF (2021)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2021)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description