2023-11-14T14:11:59-06:00 2022-12-31 ERNST & YOUNG US LLP 111 W Houston St Ste 1901 SAN ANTONIO TX 78205 990PF 2022-01-01 741239819 H E Butt Foundation % PAUL ANDERSON HEBU 8303159214 PO Box 290670 Kerrville TX 780290670 JANICE FLYNN CFO 8303159246 2023-11-14 true JANICE FLYNN XXX-XX-XXXX STEWART GOODSON P00084462 2102289696 2023-11-13 3 2022 2023-04-26 12:10:37Z X 769744982 X 231483146 12887672 12887672 12887672 55015680 287029321 55000892 -1212944 -1909848 -1875841 298173554 65978716 11011831 687687 34384 687687 7950531 105170 13955 7810976 485156 485156 47470 47470 131064 13106 13106 117958 622956 622956 622956 39672 39672 39672 2064091 286936 286936 811379 3831262 112641 112641 7666166 778106 778106 6888058 23638696 1880330 1754731 16961325 2481714 2481714 26120410 1880330 1754731 19443039 272053144 64098386 9257100 14560504 9976413 9976413 2999534 1647092 1647092 186640 386921 186640 186640 212751 201781 201781 43792055 121816245 108528436 363866902 555474031 560193658 90255231 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2019-01-01 2022-12-31 21058 21058 21058 LT SALES THRU PARTNERS GROUP DIRECT EQUITY 2016 2019-01-01 2022-12-31 431359 431359 431359 ST SALES THRU GEORGIAN PARTNERS GROWTH FUND 2022-01-01 2022-12-31 48 -48 -48 LT SALES THRU GEORGIAN PARTNERS GROWTH FUND 2019-01-01 2022-12-31 425742 425742 425742 ST SALES THRU GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV 2022-01-01 2022-12-31 43980 43980 43980 LT SALES THRU GLENDOWER CAPITAL SECONDARY OPPORTUNITIES FUND IV 2019-01-01 2022-12-31 490905 490905 490905 ST SALES THRU MONROE CAPITAL PRIVATE CREDIT FUND III 2022-01-01 2022-12-31 396 -396 -396 LT SALES THRU MONROE CAPITAL PRIVATE CREDIT FUND III 2019-01-01 2022-12-31 41275 41275 41275 ST SALES THRU POLUNIN EMERGIN MARKETS SMALL CAP FUND 2019-01-01 2022-12-31 19899 -19899 -19899 LT SALES THRU POLUNIN EMERGIN MARKETS SMALL CAP FUND 2019-01-01 2022-12-31 1040558 1040558 1040558 ST SALES THRU TORTOISE 2019-01-01 2022-12-31 2889 -2889 -2889 LT SALES THRU TORTOISE 2019-01-01 2022-12-31 47677 -47677 -47677 LT SALES THRU KAYNE PRIVATE ENERGY INCOME FUND II 2019-01-01 2022-12-31 185365 185365 185365 LT SALES THRU SEARCHLIGHT CAPITAL III 2019-01-01 2022-12-31 2391 2391 2391 LT SALES THRU TRIVE CAPITAL FUND III 2019-01-01 2022-12-31 87904 87904 87904 ST SALES THRU VANCE STREET CAPITAL III 2022-01-01 2022-12-31 29114 29114 29114 ST SALES THRU ARBOUR LANE 2022-01-01 2022-12-31 14265 -14265 -14265 LT SALES THRU ARBOUR LANE 2019-01-01 2022-12-31 59520 -59520 -59520 ST GQG PARTNERS GLOBAL EQUITY FUND 2022-01-01 2022-12-31 6383513 -6383513 -6383513 LT GQG PARTNERS GLOBAL EQUITY FUND 2019-01-01 2022-12-31 1395157 1395157 1395157 ST SALES THRU SSGA 2022-01-01 2022-12-31 166175 -166175 -166175 LT SALES THRU STEPSTONE OPPORTUNITIES III 2019-01-01 2022-12-31 380462 380462 380462 ST SALES THRU STEPSTONE VC SECONDARIES FUND IV 2022-01-01 2022-12-31 6145 6145 6145 LT SALES THRU STEPSTONE VC SECONDARIES FUND IV 2019-01-01 2022-12-31 56620 56620 56620 ST SALES THRU MSCI EAFE CURRENCY HEDGED EQUITY INDEX FUND B 2022-01-01 2022-12-31 49518 -49518 -49518 LT SALES THRU MSCI EAFE CURRENCY HEDGED EQUITY INDEX FUND B 2019-01-01 2022-12-31 2519966 -2519966 -2519966 ST SALES THRU RUSSELL 3000 INDEX FUND B 2022-01-01 2022-12-31 787348 -787348 -787348 LT SALES THRU RUSSELL 3000 INDEX FUND B 2019-01-01 2022-12-31 4085990 4085990 4085990 ST SALES THRU THOMA BRAVO FUND XV-A 2022-01-01 2022-12-31 101 101 101 ST SALES THRU WGI DEVELOPED MARKETS 2022-01-01 2022-12-31 1407 -1407 -1407 LT SALES THRU WGI DEVELOPED MARKETS 2019-01-01 2022-12-31 5451 -5451 -5451 ST SALES THRU FRONTENAC XII PRIVATE CAPITAL (PARALLEL) LP 2022-01-01 2022-12-31 893 893 893 ST SALES THRU THE EMERGING FREE MARKETS COUNTRY FUND 2022-01-01 2022-12-31 246624 -246624 -246624 LT SALES THRU THE EMERGING FREE MARKETS COUNTRY FUND 2019-01-01 2022-12-31 2688630 -2688630 -2688630 ST SALES THRU TIGER INFRASTRUCTURE PARTNERS FUND III 2022-01-01 2022-12-31 12563 12563 12563 LT SALES THRU TIGER INFRASTRUCTURE PARTNERS FUND III 2019-01-01 2022-12-31 967 967 967 ST SALES THRU IPI PARTNERS III A LP 2019-01-01 2022-12-31 7895 -7895 -7895 QSBS SALE THRU MONTAUK - 50% EXC 2019-01-01 2022-12-31 11 6 11 QSBS SALE THRU MONTAUK - 75% EXC 2019-01-01 2022-12-31 9 2 9 QSBS SALE THRU MONTAUK - 100% EXC 2019-01-01 2022-12-31 381 381 QSBS SALE THRU DCM - 100% EXC 2019-01-01 2022-12-31 139 139 LT CAPITAL GAIN DISTRIBUTION 2019-01-01 2022-12-31 2639042 2639042 2639042 LT CAPITAL GAIN US BANK RANGER ACCOUNT(SEE ATTACHMENT) 2019-01-01 2022-12-31 4753707 4213750 539957 539957 LT CAPITAL GAIN US BANK (SEE ATTACHMENT) 2019-01-01 2022-12-31 264687082 208211322 56475760 56475760 ST CAPITAL LOSS US BANK RANGER ACCOUNT (SEE ATTACHMENT) 2022-01-01 2022-12-31 914061 1495591 -581530 -581530 ST CAPITAL GAIN US BANK 2022-01-01 2022-12-31 4551377 4197872 353505 353505 LT SALES THRU SSGA 2019-01-01 2022-12-31 640380 -640380 -640380 QSBS SALE THRU LIVEOAK VENTURES PARTNERS I - 100% EXC 2022-01-13 2022-11-02 56928 56928 LT SALES THRU PFIC VWH 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Trust PO BOX 290670 KERRVILLE TX 78029 15809290 X 8 Butt Marital Trust PO BOX 290670 KERRVILLE TX 78029 175166947 X X 9 Barbara Dan Butt Estate-Retirement PO BOX 290670 KERRVILLE TX 78029 595243 X 10 Barbara Dan Estate - Vogt Enterpris PO BOX 839999 KERRVILLE TX 78029 11398 X 11 American Endowment PO BOX 839999 KERRVILLE TX 78029 25000 X 12 Barbara Dan Butt Estate-Retirement PO BOX 290670 KERRVILLE TX 78029 627880 X 13 The Pamela C Butt Howard E Butt PO BOX 290670 KERRVILLE TX 78029 50000 X 14 Communities Foundation of Texas PO BOX 290670 KERRVILLE TX 78029 50000 X 15 Sara Butt PO BOX 290670 KERRVILLE TX 78029 5000 X 1 EMPLOYEE HEALTH INS., FOOD, GROCERIES, AND SUPPLIES FOR USE IN SUPPORTING THE PROGRAM OF A CHRISTIAN 477356 5 UVALDE EMPLOYEE DONATIONS FROM PAYROLL 4890 8 VARIOUS SECURITIES 175166947 ERNST & YOUNG LLP - AUDIT SVCS 131064 13106 13106 117958 Section 1.263(a)-3(n) Election Stmt Section 1.263(a)-3(n) Section 1.263(a)-3(n) Election Statement Taxpayer Name: H. E. Butt Foundation ("Taxpayer") Taxpayer Address: P.O. Box 290670 Kerrville, TX 78029-0670 EIN: 74-1239819 The above-referenced Taxpayer is making the election to capitalize repair and maintenance costs under Section 1.263(a)-3(n) for its tax year ending December 31, 2022. Section 1.263(a)-1(f) de minimis Section 1.263(a)-1(f) Section 1.263(a)-1(f) de minimis safe harbor election statement Taxpayer Name: H. E. Butt Foundation ("Taxpayer") Taxpayer Address: P.O. Box 290670 Kerville, TX 78029-0670 EIN: 74-1239819 The above-referenced Taxpayer is making the de minimis safe harbor election under Section 1.263(a)-1(f) for its tax year ending December 31, 2022. US BANK ACCT MUTUAL FUNDS 121816245 108528436 LUTHER KING PRIVATE DISCIPLINE 3849304 7951703 COLLINS CAPITAL LOW VOLATILITY 15226 16551 TITAN MASTERS FUND 0 0 GLOUSTON PRIVATE EQUITY OPPORT 110824 445957 DCM PRIVATE EQUITY FUND III 630907 1355719 METROPOLITAN REAL ESTATE-GEN 645622 765181 TOWNSQUARE REAL ESTATE ALPHA 723545 870608 MONTAUK TRIGUARD FUND IV 691863 1027198 INSIGNIA CAPITAL PARTNERS LP 2049393 6974879 GREENSPRINGS OPPORTUNITIES III 1469794 2751130 MADISON REALTY CAPITAL DEBT FU 4327759 4054762 GOLUB CAPITAL PARTNERS 9 1124947 3581494 AG CORE PLUS REALTY FUND IV 2354434 2476753 TRIVE 2028800 4933111 VHW OFFSHORE FUND 1621792 2233265 CARVAL CREDIT VALUE FUND BIV 5634061 5476059 PARTNERS GROUP DIRECT EQUITY 2265337 4937854 OAKTREE REAL ESTATE 1459255 1380661 COHO PARTNERS 33387826 35287909 POLUNIN COMMINGLED FUNDS 9111279 8457336 400 CAPITAL CREDIT OPP FUND 0 0 SENATOR 3639 171992 KABOUTER INTERNATIONAL OPPOR. 0 0 GLENDOWER CAPITAL 2933637 3952489 MONROE CAPITAL 4480860 4474773 RANGER INVESTMENT MANAGEMENT 29670209 31174677 GEORGIAN PARTNERS GROWTH FUND 3354210 4751108 TORTOISE COMMINGLED 2162729 2517313 SEARCHLIGHT CAPITAL III,LP 750351 2035354 KAYNE PRIVATE ENERGY INCOME FU 1515538 3370057 GOLDENTREE DISTRESSED FUND III 122500 3092657 CROWN GROWTH OPPORTUNITIES EUR 3637739 6207769 SEARCHLIGHT AIV LP 402634 1362533 SEARCHLIGHT FEY 50 201282 SEARCHLIGHT OPT LP 880550 1190819 UBS EMERGING MARKETS 17757930 13932645 VANCE STREET CAPITAL 3050340 3961856 BLACKROCK TRUST MSCI EAFE 36044320 33459640 BLACKROCK TRUST R3000 FUND 112796042 91666770 SSGA STATE STREET TREASURY 36672233 34133621 NORTHERN TRUST TIPS 13308299 11585668 BLUE LAKE CAPITAL FUND III 1578959 2684519 EMK CAPITAL PARTNERS II 1625981 2100051 GREENSPRING SECONDARIES IV 4381485 8424055 KLCP OFFSHORE FUND 4089072 5037736 GOLDENTREE COIVEST FUND 1850000 2852871 ARBOUR LN CREDIT OPP FUND III 2225507 878582 ARTISAN GLOBAL EQUITY FUND 37377339 33029157 BLUE LAKE CPAITAL FUND I 1061367 952155 BOW RIVER CAPITAL RE III 2323120 2126741 EMERGING MARKET COUNTRY FUND 20134307 17792393 GQG PARTNERS GLOBAL EQUITY FUN 30169696 34329723 ICG EUROPE FUND 935472 983471 LINDSELL TRAIN GLOBAL EQUITY 37532323 34007981 NCS GLOBAL FUND 35189998 32847369 ADAMS STREET CO-INVSTMT FUND V 500000 587564 BAIN CAPITAL SPECIAL SIT II 500000 607576 CORAL TREE PARTNERS 1122351 1408228 FRONTENAC XII PRIVATE CAPITAL 1602956 1614835 GOLDENTREE DISTRESSED FUND IV 665958 891047 IPI PARTNERS III 959320 999012 KLCP OFFSHORE FUND III 2007872 2175461 LIVEOAK VENTURE PARTNERS III 297939 333266 STEPSTONE VC SECONDARIES V 4400000 4780759 THOMA BRAVO FUND XV-A 4813252 4671133 TIGER INFRASTRUCTURE III 1977493 2798257 WGI DEVELOPED MARKETS 13106486 13058563 PRIOR PERIOD ADJUSTMENT -98571 CONSULTANTS 1738306 778106 778106 960198 DUES & SUBSCRIPTIONS 125658 125658 CAMP & OFFICE REPAIRS/MAINT. 1445190 1445190 CAMP & OFFICE SUPPLIES 876383 876383 GENERAL INSURANCE 621256 621256 TELEPHONE & UTILITIES 427816 427816 SPECIAL EVENTS 271731 271731 WEBSITE MAINTENANCE 11892 11892 POSTAGE AND SHIPPING 5104 5104 COMPUTER/IT EXPENSE 288780 288780 STAFF RECRUITING/HIRING 119079 119079 CONFERENCES/EDUCATION 97869 97869 MISCELLANEOUS EXPENSE 39518 39518 PROMOTION 182231 182231 HEALTH INSURANCE 1266158 1266158 OTHER PURCHASES 141878 141878 GROUP SUPPORT 5800 5800 PRODUCTION 1517 1517 MISCELLANEOUS INCOME 3238 3238 3238 PARTNERSHIP INCOME/LOSS -1250948 -1947852 -1913845 Royalties 34766 34766 34766 VANCE STREET CAPITAL 0 0 EMK CAPITAL PARTNERS II 0 0 SEARCHLIGHT CAPITAL III FEV LP 6821 0 INVESTMENT FEES 622956 622956 622956 PAYROLL TAXES 611904 611904 PROPERTY TAXES 111082 111082 FEDERAL EXCISE TAXES 88393 88393 FOREIGN TAXES 286936 286936 286936 UNRELATED BUSINESS INCOME TAX 965776