2024-11-15T09:57:50-06:00 2023-12-31 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2023-01-01 736202627 Pauline McFarlin Memorial Trust 486005AC5 % BOKFNA PAUL 9186191526 PO BOX 1620 TULSA OK 741011620 BOKF NA TRUSTEE 9186191526 2024-11-15 true true LAURIE A ADATEPE P00038493 3128792000 2023 2024-10-15 13:58:12Z BOKF NA PO BOX 1620 TULSA OK 741011620 17133920 false X N/A X 1980 OK PROVIDES DIRECT AND PERMANENT SUPPORT TO THE NAMED BENEFICIARIES. 2 1 0 127179 61989 0 0 0 0 2769992 2257285 1182989 781630 3952981 3038915 4098846 4066830 0 0 281653 269795 0 0 0 49512 43093 4430011 4379718 -477030 -1340803 76840377 75413475 0 0 76840377 75413475 PROVIDES DIRECT AND PERMANENT SUPPORT TO THE NAMED BENEFICIARIES. false false 2033415 2033415 FINANCIAL SUPPORT TO HOLLAND HALL 2033415 2033415 FINANCIAL SUPPORT TO UNIVERSITY OF TULSA 4066830 true false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 2 1 false false false false false false false true true true false true false false false false false false OK X BOKFNA 9182931526 PO BOX 1620 TULSA OK 741011620 X BANK OF OKLAHOMA NA BOK CORPORATE TRUSTEE 40.0 0.0 X 256088 0 0 FREDERIC DORWART INDIVIDUAL TRUSTEE 40.0 0.0 X 13707 0 0 269795 0 0 1 false false false 0 0 0 1427518 1427518 0 0 0 0 0 14924773 14095005 829768 829767 829767 0 0 0 0 0 0 0 0 0 PARTNERSHIP INCOME 900099 769368 127179 642189 FEDERAL TAX REFUND 900099 12262 12262 781630 3038915 127179 2911736 4066830 4066830 0 0 0 269795 269795 0 0 0 0 0 0 84 84 4800 4800 0 0 3919 3919 0 0 0 0 0 0 0 0 0 0 0 0 0 FOREIGN TAXES WITHHELD 33553 33553 STATE INCOME TAXES 100 100 CLASS ACTION PROCEEDS 637 637 4379718 4066830 312888 0 0 0 5383856 1492104 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46775497 48784371 24681024 25137000 0 0 0 0 0 0 76840377 75413475 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 76840377 75413475 0 0 0 0 76840377 75413475 76840377 75413475 X -1340803 -335 -85764 X false false false X X 2 HOLLAND HALL 730527459 1 true 2033415 0 UNIVERSITY OF TULSA 730579298 2 true 2033415 0 2 4066830 true false false false false false false false false false false true false false false false true false true 0 18156 0 903306 1712473 903306 1730629 0 296132 278514 35033 34374 572141 1417741 81922977 80580735 3962591 2471115 0 85885568 83051850 0 0 85885568 83051850 1288284 1245778 84597284 81806072 2960905 2863213 0 2960905 2863213 572141 486320 2960905 2960905 0 2960905 4066830 0 0 0 0 0 4066830 4066830 2960905 137.3509 2960905 0 0 0 0 3517249 4098846 7616095 0 2960905 0 4655190 4066830 0 0 4066830 0 0 8722020 0 0 556344 4098846 4066830 PART IV, SECTION D, LINE 2 SEE DESCRIPTION FOR SCHEDULE A, PART V, SECTION D, LINE 8 WHICH INCLUDES HOW THE TRUSTEE KEEPS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATIONS. PART IV, SECTION D, LINE 3 THE OFFICERS, DIRECTORS, AND TRUSTEES OF THE SUPPORTED ORGANIZATIONS HAVE A SIGNIFICANT VOICE IN THE INVESTMENT POLICIES OF THE SUPPORTING ORGANIZATION THROUGH ANNUAL MEETINGS AND REGULAR COMMUNICATIONS REGARDING THE SUPPORTING ORGANIZATION'S INVESTMENTS AND PLANS FOR DISTRIBUTIONS. PART V, SECTION D, LINE 8 THE TRUST HAS BEEN SUPPORTING THE UNIVERSITY OF TULSA AND HOLLAND HALL SINCE ITS INCEPTION IN 1975. THE TRUST IS REQUIRED BY ITS GOVERNING DOCUMENTS TO PROVIDE SUPPORT EACH YEAR TO THE DESIGNATED BENEFICIARIES (SUPPORTING ORGANIZATIONS). THE CUMULATIVE SUPPORT PROVIDED UNDER THIS LONG-STANDING AND CONSISTENT RELATIONSHIP OF SUPPORT TO EACH ORGANIZATION SINCE ITS INCEPTION IS FURTHER DETAILED BELOW. EACH YEAR, THE FUNDS PROVIDED BY THE TRUST SUPPORT SPECIFIC PROJECTS DETERMINED BY THE LEADERS OF THE SUPPORTED ORGANIZATION AND THE TRUST, SUCH AS BUILDINGS AND/OR SPECIFIC OPERATIONS. THE TRUST HAS DESIGNATED BENEFICIARIES AND THE DISTRIBUTION PERCENTAGE PARAMETERS FOR EACH ONE IS OUTLINED IN THE GOVERNING DOCUMENT. THE ALLOCATION OF EACH DISTRIBUTION IS A COLLABORATIVE EFFORT. EACH SUPPORTING ORGANIZATION REACHES OUT TO THE TRUST TO MEET AND DISCUSS ITS ANNUAL NEEDS AND ITS PLANNED USES OR FUNDS PROVIDED BY THE TRUSTS AND TO SEEK APPROVAL FOR SUCH USES. THE ORGANIZATIONS' PRESIDENT, BOARD OF TRUSTEES, AND/OR OTHER KEY MEMBERS BRING TO THE TRUST, THROUGH THESE MEETINGS, THE PURPOSE AND NEEDS FOR THE FUNDS. THE TRUST DOES NOT JUST SEND THE MONEY. EACH ORGANIZATION'S LEADERS ALSO HAVE A VOICE AND INPUT THROUGH MEETINGS AND THROUGH A CONTINUED OPEN DIALOGUE WITH THE TRUST ABOUT THE TRUST'S INVESTMENTS STRATEGY, PARTICULAR INVESTMENTS, AND OPERATIONS. INPUT IS PROVIDED BY THE SUPPORTING ORGANIZATION LEADERS AS TO HOW FUNDS SHOULD BE INVESTED--AS IF THEY WERE RESPONSIBLE FOR THE FUNDS. THEY ARE CONTINUOUSLY WATCHING AND FREQUENTLY PROVIDE FEEDBACK TO THE TRUST, AS IF THEIR ORGANIZATION WERE HAD FIDUCIARY DUTY OVER THE INVESTMENTS. AS EVIDENCED BY THE CUMULATIVE AMOUNT OF SUPPORT PROVIDED TO EACH SUPPORTED ORGANIZATION, WITHOUT THESE DISTRIBUTIONS, THE SUPPORTED ORGANIZATIONS WOULD NOT BE ABLE TO CONTINUE TO MAINTAIN THESE BUILDINGS, FUND A PROJECT, OR CONTINUE TO OPERATE AS NEEDED SO IT IS IMPORTANT TO THE SUPPORTED ORGANIZATION TO HAVE INPUT AND INVOLVEMENT IN HOW THE TRUST'S ASSETS ARE INVESTED AND USED. IN RESPONSE TO THE ABOVE-DESCRIBED ATTENTIVENESS OF THE SUPPORTED ORGANIZATIONS, THE TRUSTEES OF THE TRUST MAINTAIN CONTINUOUS AND CONSTANT COMMUNICATION WITH EACH ORGANIZATION. IN ADDITION TO THE COLLABORATION AND OVERSIGHT THAT TAKES PLACE EACH YEAR BETWEEN THE TRUST AND SUPPORTED ORGANIZATIONS, THE TRUST SCHEDULES PERIODIC COMMUNICATION INCLUDING THE FORMAL DISTRIBUTION AND ALLOCATION OF THE FUNDS, AN ANNUAL PERFORMANCE REVIEW OF THE INVESTMENTS, AND PARTICIPATES IN EACH SUPPORTING ORGANIZATION'S ANNUAL FINANCIAL STATEMENT AUDIT. CUMULATIVE FUNDING SUPPORT SINCE INCEPTION: UNIVERSITY OF TULSA: 2023 $60,600,724 HOLLAND HALL: 2023 $60,600,724 PRIVATE EQUITY 12744066 C CHAPMAN HEDGED LLC 6324509 C CHAPMAN REAL ASSETS 6068424 C DOCUMENTS 1 C 25137000 true HOLLAND HALL 5666 EAST 81ST STREET TULSA OK 74137 730527459 501(c)(3) 2033415 SUPPORT SCHOOL UNIVERSITY OF TULSA 800 S TUCKER DRIVE TULSA OK 74104 730579298 501(c)(3) 2033415 SUPPORT UNIVERSITY 2 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 THIS ENTITY WORKS CLOSELY WITH THE ORGANIZATION IT SUPPORTS. THUS IT IS CONSTANTLY AWARE OF THE USE OF GRANT FUNDS. FORM 990, PART VI, LINE 11 THE TAX RETURNS ARE PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED INTERNALLY BY THE TRUSTEE. FORM 990, PART VI, LINE 9 FREDERIC DORWART 124 E 4TH ST TULSA, OK 74103 FORM 990, PART VI, LINE 15a THERE ARE NO EMPLOYEES COMPENSATED. THE ONLY COMPENSATION FROM THE ENTITY IS THE INSTITUTIONAL AND INDIVIDUAL TRUSTEE FEES. FORM 990, PART VI, LINE 18 THE ORGANIZATION MAKES ITS FORMS 990 AND 990-T AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE CARE OF BANK OF OKLAHOMA, N.A. FORM 990, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE CARE OF BANK OF OKLAHOMA, N.A. FORM 990, PART VII, SECTION A BANK OF OKLAHOMA - 40 HOURS PER WEEK. FREDERIC DORWART 40 HOURS PER WEEK IN CONJUNCTION WITH STAFF MEMBERS. HOLLAND HALL 5666 EAST 81ST STREET TULSA OK 74137 730527459 SCHOOL OK 501(c)(3) 1 false UNIVERSITY OF TULSA 800 S TUCKER DRIVE TULSA OK 74104 730579298 UNIVERSITY OK 501(c)(3) 2 false false true false false false false false false false false false false false false false false false false false HOLLAND HALL B 2033415 FMV UNIVERSITY OF TULSA B 2033415 FMV