H E Butt Foundation
Private foundation Kerrville, TX hebfdn.org Still adding venture funds
H E Butt Foundation reports 10 venture funds, $36M in all; 5 are new since its last report.
Holdings are from its Form 990-PF return for the year ending December 31, 2024, compared with the one for December 31, 2023. That is more than a year ago: it may have added or sold funds since. Foundations file up to ten and a half months after their year ends, and the IRS publishes returns months after that. “Still adding venture funds”: 5 funds on this one were not on the one for December 31, 2023.
The numbers
| Vintage | Venture funds |
|---|---|
| 2011 | 1 |
| 2012 | 0 |
| 2013 | 0 |
| 2014 | 0 |
| 2015 | 0 |
| 2016 | 0 |
| 2017 | 0 |
| 2018 | 0 |
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 3 |
| 2022 | 1 |
| 2023 | 0 |
| 2024 | 1 |
Updates from H E Butt Foundation
Largest venture holdings
From its Form 990-PF return for the year ending December 31, 2024; “New” is a fund that wasn’t on the return before it.
| Fund, as reported | Manager | Vintage | Year-end value |
|---|---|---|---|
| Stepstone VC Secondaries Fund V | StepStone Group VC | 2021 | $11M |
| Stepstone VC Secondaries IV New | StepStone Group VC | — | $5.5M |
| Georgian Partners Growth Fund IV New | Georgian | — | $4.7M |
| Coral Tree Partners, LP | Coral Tree Management, LP | 2021 | $2.3M |
| Arboretum Ventures VI New | Arboretum Ventures, LLC | 2022 | $1.5M |
In the app: 5 more venture funds, 1 fund of funds, the 2 firms it pays to manage or advise on its investments. Open H E Butt Foundation in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
- Elma Dill Russell Spencer Foundation
- Mays Family Foundation
- Bar-Yadin Family Foundation
- Robert J & Helen C Kleberg Foundation
- Beloved in Christ Foundation
- William A Brookshire Foundation
- Eleanor Crook Foundation
- UTIMCO (Permanent University Fund)
15 LPs within 100 miles in all: see them on the map.
About this data
Holdings as this foundation lists them on its Form 990-PF (Part II, lines 13 and 15). Amounts are year-end fair market value, or book value where it gives no other, not commitments or returns. As of December 31, 2024; new holdings are those not on its return for the year ending December 31, 2023. Source: IRS Form 990-PF. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.