Instrumentl eFile Render
Object ID: 202203199349109250 - Rendered 2024-05-07
TIN: 47-1116371
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
01-01-2021
, and ending
12-31-2021
Name of foundation
WALTER SCOTT FAMILY FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)
10340 N 84TH STREET
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OMAHA
,
NE
681222216
A Employer identification number
47-1116371
B
Telephone number (see instructions)
(402) 341-6000
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)
$
1,821,511,695
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)
193,269,561
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
11,530,934
11,530,934
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
3,931,703
b
Gross sales price for all assets on line 6a
347,750,468
7
Capital gain net income (from Part IV, line 2)
...
3,931,703
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)
.......
13,019,105
3,233,287
12
Total.
Add lines 1 through 11
........
221,751,303
18,695,924
13
Compensation of officers, directors, trustees, etc.
0
0
0
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
c
Other professional fees (attach schedule)
....
1,327,987
1,077,987
250,000
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
280,000
0
0
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,607,987
1,077,987
250,000
25
Contributions, gifts, grants paid
.......
17,691,293
17,691,293
26
Total expenses and disbursements.
Add lines 24 and 25
19,299,280
1,077,987
17,941,293
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
202,452,023
b
Net investment income
(if negative, enter -0-)
17,617,937
c
Adjusted net income
(if negative, enter -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
.............
2
Savings and temporary cash investments
.........
93,658,467
70,270,599
70,270,599
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)
100,000,450
Less: allowance for doubtful accounts
0
100,000,450
100,000,450
100,000,450
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
132,286,298
132,286,298
1,151,768,840
c
Investments—corporate bonds (attach schedule)
.......
198,707,326
385,422,755
388,801,301
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
71,898,934
109,172,740
108,819,849
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
0
1,850,656
1,850,656
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
596,551,475
799,003,498
1,821,511,695
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
........
0
0
27
Paid-in or capital surplus, or land, bldg., and equipment fund
0
0
28
Retained earnings, accumulated income, endowment, or other funds
596,551,475
799,003,498
29
Total net assets or fund balances
(see instructions)
.....
596,551,475
799,003,498
30
Total liabilities and net assets/fund balances
(see instructions)
.
596,551,475
799,003,498
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
596,551,475
2
Enter amount from Part I, line 27a
.....................
2
202,452,023
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3
..........................
4
799,003,498
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
799,003,498
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
FIRST AMERICAN RETAIL PRIME OBLIG FD CL Z
P
b
FIRST AMERICAN RETAIL PRIMEOBLIG FD CL Z
P
c
FIRST AMERICAN RETAIL PRIMEOBLIG FD CL Z
P
d
INVESCO GOVERNMENT & AGENCY
P
e
INVESCO GOVERNMENT & AGENCY
P
AMC NETWORKS INC 5.000 04/01/2024
P
BOOKING HOLDINGS INC 3.600 06/01/2026
P
CARRIER GLOBAL CORPORATION 2.493 02/15/2027
P
CDK GLOBAL INC 5.875 06/15/2026
P
CENTURYLINK INC 6.450 06/15/2021
P
COACH INC 4.250 04/01/2025
P
DOLLAR TREE INC 3.700 05/15/2023
P
HP INC 3.000 06/17/2027
P
IHS MARKIT LTD 4.750 08/01/2028
P
KLA TENCOR CORP 4.650 11/01/2024
P
KOHLS CORPORATION 3.250 02/01/2023
P
KOHLS CORPORATION 4.250 07/17/2025
P
KOHLS CORPORATION 9.500 05/15/2025
P
KRAFT HEINZ FOODS CO 3.950 07/15/2025
P
MASCO CORP 4.375 04/01/2026
P
MASCO CORP 4.450 04/01/2025
P
MICROCHIP TECHNOLOGY INC 4.333 06/01/2023
P
MICROCHIP TECHNOLOGY INC SER 144A 2.670 09/01/2023
P
MOTOROLA SOLUTIONSINC 3.500 03/01/2023
P
OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024
P
QVC INC 4.850 04/01/2024
P
SBA COMMUNICATIONS CORP 4.875 09/01/2024
P
STEEL DYNAMICS INC SR NT 2.400 06/15/2025
P
TEMPUR SEALY INTL INC 5.500 06/15/2026
P
TEMPUR SEALY INTL INC 5.625 10/15/2023
P
TRINITY ACQUISITION PLC 3.500 09/15/2021
P
VALVOLINE INC 4.375 08/15/2025
P
VERISK ANALYTICS INC 4.000 06/15/2025
P
WESCO DISTRIBUTION INC 5.375 12/15/2021
P
WESCO DISTRIBUTIONS INC5.375 06/15/2024
P
WESTERN DIGITAL CORP 4.750 02/15/2026
P
ZIMMER HOLDINGS INC 3.550 04/01/2025
P
ALTRIA GROUP INC 2.850 08/09/2022
P
AMC NETWORKS INC 5.000 04/01/2024
P
AMERICAN TOWER CORP 4.700 03/15/2022
P
BECTON DICKINSON AND CO 2.894 06/06/2022
P
CA INC 4.500 08/15/2023
P
CARRIER GLOBAL CORPORATION 1.923 02/15/2023
P
COACH INC 3.000 07/15/2022
P
COACH INC 4.250 04/01/2025
P
CROWN AMER CAP CORP IV 4.500 01/15/2023
P
DOLLAR TREE INC 3.700 05/15/2023
P
HEALTHSOUTH CORP 5.125 03/15/2023
P
IHS MARKIT LTD 4.125 08/01/2023
P
KOHLS CORPORATION 9.500 05/15/2025
P
KRAFT HEINZ FOODS CO 4.000 06/15/2023
P
LAB CORP OF AMER HLDGS 3.750 08/23/2022
P
MASCO CORP 5.950 03/15/2022
P
MICROCHIP TECHNOLOGY INC 4.333 06/01/2023
P
OUTFRONT MEDIA CAP LLC C 5.625 02/15/2024
P
SBA COMMUNICATIONS CORP 4.875 09/01/2024
P
TEMPUR SEALY INTL INC 5.500 06/15/2026
P
TEMPUR SEALY INTL INC 5.625 10/15/2023
P
TRINITY ACQUISITION PLC 3.500 09/15/2021
P
UNITED RENTALS NORTH AM 5.875 09/15/2026
P
VALVOLINE INC 4.375 08/15/2025
P
VERISK ANALYTICS INC 5.800 05/01/2021
P
BALL CORP SR NT 5.00% DUE 03/15/2022
P
CARRIER GLOBAL CORPORATION GLBL NT 2.493% DUE 02/15/2027
P
COACH INC SR GLBL NT 4.25% DUE 04/01/2025
P
DOLLAR TREE INC SR GLBL 3.70% DUE 05/15/2023
P
IHS MARKIT LTD SR GLBL NT 4.75% DUE 08/01/2028
P
SBA COMMUNICATIONS CORP SR NT 4.875% DUE 09/01/2024
P
ZIMMER BIOMET HLDGS INC SR GLBL NT 3.55% DUE 04/01/2025
P
AMERICAN TOWER CORP NEW SR GLBL 4.70% DUE 03/15/2022
P
COACH INC CR SEN SR GLBL STEP CPN DUE 07/15/2022
P
COACH INC SR GLBL NT 4.25% DTD 03/02/2015 DUE 04/01/2025
P
IHS MARKIT LTD SR GLBL NT 4.75% DTD 07/23/2018 DUE 08/01/2028
P
SBA COMMUNICATIONS CORP SR NT 4.875% DTD 03/01/2017 DUE 09/01/2024
P
(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
60,380,622
60,380,622
0
b
56,680,846
56,680,846
0
c
60,016,462
60,016,462
0
d
15,369,042
15,369,042
0
e
14,172,501
14,172,501
0
186,550
163,800
22,750
3,232,761
3,163,539
69,222
1,115,533
1,130,894
-15,361
3,005,313
3,000,627
4,686
3,129,000
3,129,000
0
3,715,776
2,869,263
846,513
1,179,447
1,157,198
22,249
967,284
980,309
-13,025
3,140,332
3,073,479
66,853
2,639,968
2,499,233
140,735
1,322,628
1,269,287
53,341
1,083,360
1,005,353
78,007
442,021
349,348
92,673
3,387,370
3,051,455
335,915
1,574,817
1,575,736
-919
1,187,276
1,158,716
28,560
2,384,851
2,289,509
95,342
832,632
818,519
14,113
591,561
591,561
0
3,056,403
2,961,814
94,589
707,688
660,302
47,386
3,159,045
3,198,690
-39,645
479,798
487,703
-7,905
2,475,248
2,475,248
0
1,268,589
1,262,320
6,269
2,725,000
2,725,000
0
3,419,634
3,417,611
2,023
2,723,834
2,519,259
204,575
1,831,000
1,831,000
0
1,593,497
1,564,409
29,088
460,200
417,422
42,778
1,010,559
930,474
80,085
2,972,903
2,959,374
13,529
1,787,600
1,769,349
18,251
2,394,654
2,393,850
804
2,296,733
2,289,017
7,716
3,083,724
2,962,857
120,867
961,872
957,704
4,168
3,068,997
3,018,690
50,307
3,101,932
3,081,374
20,558
2,685,176
2,658,892
26,284
2,396,468
2,389,302
7,166
736,000
736,811
-811
2,888,560
2,900,236
-11,676
2,494,015
2,303,050
190,965
2,922,272
2,903,862
18,410
2,672,466
2,568,000
104,466
1,599,709
1,599,680
29
2,936,340
2,901,782
34,558
2,918,118
2,918,118
0
2,891,827
2,909,710
-17,883
2,447,505
2,447,505
0
1,614,384
1,614,307
77
1,421,000
1,421,000
0
426,163
426,163
0
2,939,377
2,927,650
11,727
2,864,000
2,864,000
0
966,055
950,000
16,055
1,735,617
1,798,209
-62,592
2,833,926
2,225,560
608,366
1,035,408
1,015,810
19,598
2,001,022
1,950,319
50,703
2,438,986
2,374,406
64,580
782,888
738,836
44,052
619,517
609,000
10,517
2,090,249
2,005,461
84,788
2,758,654
2,692,369
66,285
2,658,005
2,599,492
58,513
2,659,898
2,589,469
70,429
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
0
b
0
c
0
d
0
e
0
22,750
69,222
-15,361
4,686
0
846,513
22,249
-13,025
66,853
140,735
53,341
78,007
92,673
335,915
-919
28,560
95,342
14,113
0
94,589
47,386
-39,645
-7,905
0
6,269
0
2,023
204,575
0
29,088
42,778
80,085
13,529
18,251
804
7,716
120,867
4,168
50,307
20,558
26,284
7,166
-811
-11,676
190,965
18,410
104,466
29
34,558
0
-17,883
0
77
0
0
11,727
0
16,055
-62,592
608,366
19,598
50,703
64,580
44,052
10,517
84,788
66,285
58,513
70,429
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
3,931,703
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
244,889
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
244,889
6
Credits/Payments:
a
2021 estimated tax payments and 2020 overpayment credited to 2021
6a
444,097
b
Exempt foreign organizations—tax withheld at source
......
6b
0
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
444,097
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
1,928
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
197,280
11
Enter the amount of line 10 to be:
Credited to 2022 estimated tax
197,280
Refunded
11
0
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
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
Yes
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
Yes
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)
NE
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
Yes
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
N/A
14
The books are in care of
CHRISTI ANNIN
Telephone no.
(402) 502-1122
Located at
10340 NORTH 84TH STREET
OMAHA
NE
ZIP+4
681222216
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)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(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
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
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
MOGENS BAY
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
GREG ABEL
TRUSTEE (CHAIRMAN AS OF 11.11.2021)
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
MIKE FAUST
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
CALVIN SISSON
PRESIDENT & CEO
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
RICH EAKIN
VICE PRESIDENT
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
CHRISTI ANNIN
DIRECTOR OF FINANCE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
KAREN DIXON
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
SANDRA PARKER
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
AMY SCOTT
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
W DAVID SCOTT
TRUSTEE
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
WALTER SCOTT JR
TRUSTEE (CHAIRMAN THROUGH 09.25.21)
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
SUSAN MORRIS
TRUSTEE (THROUGH 11.11.2021)
1.00
0
0
0
10340 NORTH 84TH STREET
OMAHA
,
NE
681222216
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
DOLAN MCENIRY
INVESTMENT
751,021
120 N LASALLE ST 1510
CHICAGO
,
IL
60602
SUZANNE & WALTER SCOTT FOUNDATION
SHARED SERVICES
500,000
10340 N 84TH ST
OMAHA
,
NE
68122
Total
number of others receiving over $50,000 for professional services
.............
0
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
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
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
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
1,358,489,670
b
Average of monthly cash balances
.......................
1b
81,492,303
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
1,439,981,973
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
1,439,981,973
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
21,599,730
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
1,418,382,243
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
70,919,112
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
70,919,112
2a
Tax on investment income for 2021 from Part V, line 5
.......
2a
244,889
b
Income tax for 2021. (This does not include the tax from Part V.)
...
2b
3,591,678
c
Add lines 2a and 2b
............................
2c
3,836,567
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
67,082,545
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
67,082,545
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
67,082,545
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
17,941,293
b
Program-related investments—total from Part VIII-B
..................
1b
0
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
17,941,293
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
67,082,545
2
Undistributed income, if any, as of the end of 2021:
a
Enter amount for 2020 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2021:
a
From 2016
......
b
From 2017
......
532,796
c
From 2018
......
3,591,641
d
From 2019
......
5,867,290
e
From 2020
......
8,235,130
f
Total
of lines 3a through e
........
18,226,857
4
Qualifying distributions for 2021 from Part
XI, line 4:
$
17,941,293
a
Applied to 2020, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2021 distributable amount
.....
17,941,293
e
Remaining amount distributed out of corpus
0
5
Excess distributions carryover applied to 2021.
18,226,857
18,226,857
(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
0
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
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
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2019. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2021. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2022
..........
30,914,395
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)
.......
0
8
Excess distributions carryover from 2016 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2022.
Subtract lines 7 and 8 from line 6a
......
0
10
Analysis of line 9:
a
Excess from 2017
....
b
Excess from 2018
....
c
Excess from 2019
....
d
Excess from 2020
....
e
Excess from 2021
....
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).)
KAREN DIXON
SANDRA PARKER
AMY SCOTT
W DAVID SCOTT
WALTER SCOTT JR
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.
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 email address of the person to whom applications should be addressed:
b
The form in which applications should be submitted and information and materials they should include:
c
Any submission deadlines:
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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
ALASKA RAPTOR CENTER
1000 RAPTOR WAY
SITKA
,
AK
99835
501(C)(3)
CAPITAL CAMPAIGN AND GENERAL OPERATING SUPPORT
110,000
CHILDREN'S HOSPITAL & MEDICAL CENTER FOUNDATION
8404 INDIAN HILLS DRIVE SUITE 650
OMAHA
,
NE
681144113
501(C)(3)
CAPITAL CAMPAIGN
1,000,000
DOWNTOWN RIVERFRONT TRUST
10050 REGENCY CIRCLE SUITE 101
OMAHA
,
NE
681143721
501(C)(3)
CAPITAL CAMPAIGN
5,000,000
JOSLYN ART MUSEUM
2200 DODGE STREET
OMAHA
,
NE
68102
501(C)(3)
CAPITAL CAMPAIGN
250,000
LAKE CUNNINGHAM DEVELOPMENT TRUST
10340 N 84TH STREET
OMAHA
,
NE
68122
501(C)(3)
CAPITAL CAMPAIGN
500,000
MECA TRI-PARK LLC
455 N 10TH STREET
OMAHA
,
NE
68102
501(C)(3)
CAPITAL CAMPAIGN
2,279,373
NEBRASKA METHODIST HOSPITAL FOUNDATION
8701 WEST DODGE ROAD SUITE 450
OMAHA
,
NE
68114
501(C)(3)
CAPITAL CAMPAIGN
1,000,000
OMAHA DISCOVERY TRUST
10050 REGENCY CIRCLE SUITE 101
OMAHA
,
NE
68114
501(C)(3)
CAPITAL CAMPAIGN
2,000,000
OMAHA SYMPHONY ASSOCIATION
1905 HARNEY STREET SUITE 400
OMAHA
,
NE
68102
501(C)(3)
GENERAL OPERATING SUPPORT
500,000
OMAHA ZOO FOUNDATION
3701 SOUTH 10TH STREET
OMAHA
,
NE
68107
501(C)(3)
CAPITAL CAMPAIGNS AND GENERAL OPERATING SUPPORT
2,524,420
POLICE ATHLETICS FOR COMMUNITY ENGAGEMENT
5105 S 37TH ST
OMAHA
,
NE
68107
501(C)(3)
PROGRAM SUPPORT
50,000
SINGER FOUNDATION
10340 N 84TH STREET
OMAHA
,
NE
68122
501(C)(3)
GENERAL OPERATING SUPPORT
1,000,000
SUZANNE & WALTER SCOTT FOUNDATION
10340 N 84TH STREET
OMAHA
,
NE
68122
501(C)(3)
OMAHA AWARD
877,500
THE DURHAM MUSEUM
801 S 10TH STREET
OMAHA
,
NE
68108
501(C)(3)
CAPITAL CAMPAIGN
100,000
US CHAMBER OF COMMERCE FOUNDATION
1615 H STREET NW
WASHINGTON
,
DC
20062
501(C)(3)
CAPITAL CAMPAIGN
500,000
Total
.................................
3a
17,691,293
b
Approved for future payment
RADIUS
PO BOX 4374
OMAHA
,
NE
68104
501(C)(3)
CAPITAL CAMPAIGN
3,000,000
OMAHA DISCOVERY TRUST
10050 REGENCY CIRCLE SUITE 101
OMAHA
,
NE
68114
501(C)(3)
CAPITAL CAMPAIGN
8,000,000
OPAS FOUNDATION
1200 DOUGLAS STREET
OMAHA
,
NE
68102
501(C)(3)
CAPITAL CAMPAIGN
15,000,000
THE DURHAM MUSEUM
801 S 10TH STREET
OMAHA
,
NE
68108
501(C)(3)
CAPITAL CAMPAIGN
200,000
Total
.................................
3b
26,200,000
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
11,530,934
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
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
3,931,703
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
GOLDENROD CAPITAL PARTNERS III, LP
523000
1,764,911
b
WALTER SCOTT JR ADMIN TRUST
523000
8,020,907
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
9,785,818
18,695,924
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
28,481,742
(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