2024-10-02T09:37:35-07:00 2023-12-31 990 2023-01-01 742736740 SOUTHWESTERN FOUNDATION SOUT 5128631956 1001 East University Ave Georgetown TX 78626 Lenora Chapman VP for Finance & Administration 5128631454 2024-10-02 1 2023 2024-10-15 13:58:12Z Lenora Chapman 1001 E University Ave Georgetown TX 78626 22791 0 X www.southwestern.edu/finance-admin/southwestern-foundation X 1993 TX The Southwestern Foundation is administered solely for the benefit and support of Southwestern University. 5 3 0 0 0 0 9104 22791 0 0 27836 0 0 0 36940 22791 0 0 0 0 0 0 0 0 0 37827 0 37827 0 -887 22791 82340 82340 0 0 82340 82340 To support Southwestern University. The purposes for which Southwestern Foundation is organized and operated are exclusively for charitable, scientific, literary, and educational purposes, and in accomplishment of such purposes, the Foundation is administered solely for the benefit and support of Southwestern University. In doing so, the Foundation also maintains real or personal property, or both, and uses and applies the income there from and the principal thereof exclusively for charitable and educational purposes for the benefit of Southwestern University. 0 0 0 0 0 The Foundation, as described in the mission statement in Part III above, in part, manages real property for the benefit of Southwestern University. The Foundation is the legal owner of a 76.85% percent undivided interest in land near Leander, Texas. The only expense paid in 2023 was for property taxes on real estate held for investment purposes. This is reported as an investment expense on Part XI, Line 7. 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Robert Leonard 5128631956 1001 East University Ave Georgetown TX 78626 Laura Skandera Trombley Trustee & President 0.1 39.90 X X 0 744323 155488 Lenora Chapman Trustee and Secretary 0.1 39.9 X X 0 289289 32192 Kent Huntsman Trustee & Assistant Secretary 0.1 39.90 X X 0 186371 31158 R Griffin Lord Trustee & Treasurer 0.10 3.0 X X 0 0 0 Christopher E Cragg Trustee and Vice President 0.1 4.0 X X 0 0 0 0 1219983 218838 0 0 1 0 0 0 0 22791 0 0 0 22791 0 0 0 0 0 0 0 22791 0 0 0 0 0 0 0 0 82340 0 82340 82340 82340 82340 0 0 X 82340 82340 0 0 82340 82340 82340 82340 X 22791 0 0 -22791 0 0 X 0 1 X 1 0 X X 1 Southwestern University 741233796 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 82340 0 82340 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 82340 0 0 0 0 0 0 0 0 0 Laura Skandera Trombley Trustee & President 0 664471 0 27500 0 52353 0 23100 0 132388 0 899812 0 0 Lenora Chapman Trustee and Secretary 0 289289 0 0 0 0 0 20292 0 11900 0 321481 0 0 Kent Huntsman Trustee & Assistant Secretary 0 186371 0 0 0 0 0 11695 0 19463 0 217529 0 0 Form 990, Part VI, Section B, Line 11b Form 990 is prepared by Southwestern University's Director of Tax Compliance and is reviewed by Southwestern University's AVP for Finance and Accounting. The final draft is sent to all of Southwestern Foundation's Trustees and Officers for their review before the return is electronically filed with the IRS. Form 990, Part VI, Section B, Line 12c Each Trustee and Officer annually receive a copy of the Conflict of Interest Policy and Independence Polity. Each Trustee and Officer are required to complete an Independence Questionnaire; each Trustee and Officer is required to acknowledge the policies and report any conflicts of independence exceptions. The Audit Committee of Southwestern University is responsible for the oversight of the IRS 990 and Conflicts/Independence policies and annually reviews the process and exceptions all for and on behalf of Southwestern University and Southwestern Foundation. Form 990, Part VI, Section B, Line 15 Line 15 is not applicable. No compensation is paid to Foundation Officers by Southwestern Foundation. Form 990, Part VI, Section C, Line 19 The governing documents, conflict of interest policy, and the most current three years of forms 990 are on Southwestern Foundation's website at https://www.southwestern.edu/finance-admin/southwestern-foundation. Form 990, Part XI, Line 7 Investment Expenses paid were for property taxes on land held for investment purposes. Southwestern University 1001 East University Ave Georgetown TX 78626 741233796 4-year college (educational purpose & activities) TX 501(c)(3) 170(b)(1)(A)(ii) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Schedule R, Part V, Line 1n The Foundation Officers and Trustees use facilities and officers of the related organization, Southwestern University, to conduct the work of Southwestern Foundation Schedule R, Part V, Line 1o The Foundation Officers (Trombley, Chapman, and Huntsman) are also employees of the related organization, Southwestern University. These employees of Southwestern University also devote time toward the accomplishment of the purpose/mission of Southwestern Foundation. The only compensation received is the amount paid by Southwestern University as reported on the Forms 990 for the University and the Foundation.