Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2010
For calendar year 2010, or tax year beginning 01-01-2010 , and ending 12-31-2010
G
Check all that apply:
Name of foundation
CH FOUNDATION INC
 

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 94038   Room/suite
City or town, state, and ZIP code
LUBBOCK, TX794934038
A Employer identification number

75-1534816
B Telephone number (see page 10 of the instructions)

(806) 239-7963
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$162,498,901J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
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 page 11 of the instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet
3 Interest on savings and temporary cash investments 127,766 127,766  
4 Dividends and interest from securities...... 2,397,998 2,397,998  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment -4,363,644
b Gross sales price for all assets on line 6a 38,282,680
7 Capital gain net income (from Part IV, line 2)... 1,081,976
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)....... Click to see attachment 7,931,421 7,931,421  
12 Total. Add lines 1 through 11........ 6,093,541 11,539,161  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 139,200 13,920   125,280
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,649 1,065   9,584
16a Legal fees (attach schedule)......... Click to see attachment 1,288 1,288    
b Accounting fees (attach schedule)....... Click to see attachment 27,225 2,723   24,502
c Other professional fees (attach schedule).... Click to see attachment 68,161 68,161    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 923,880 821,841    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,154,928 1,154,928  
20 Occupancy.............. 17,304 1,730   15,574
21 Travel, conferences, and meetings....... 11,865 5,933   5,932
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,877 44,081   16,796
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,415,377 2,115,670   197,668
25 Contributions, gifts, grants paid........ 6,787,988 6,787,988
26 Total expenses and disbursements. Add lines 24 and 25 9,203,365 2,115,670   6,985,656
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,109,824
b Net investment income (if negative, enter -0-) 9,423,491
c Adjusted net income (if negative, enter -0-)...  
For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions.
Cat. No. 11289X Form 990-PF (2010)
Form 990-PF (2010)
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
Assets 1 Cash—non-interest-bearing............... 791,941 663,667 663,667
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
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)........ 112,837,883 Click to see attachment113,901,543 130,193,443
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet445,378
Less: accumulated depreciation (attach schedule) bullet144,123 304,507 Click to see attachment301,255 500,854
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment278,233 Click to see attachment313,029 Click to see attachment31,140,937
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 114,212,564 115,179,494 162,498,901
Liabilities 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 bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted....................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 114,212,564 115,179,494
30 Total net assets or fund balances (see page 17 of the
instructions).................... 114,212,564 115,179,494
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 114,212,564 115,179,494
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 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 114,212,564
2 Enter amount from Part I, line 27a...................... 2 -3,109,824
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,076,754
4 Add lines 1, 2, and 3.......................... 4 115,179,494
5 Decreases not included in line 2 (itemize) bullet 5  
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.. 6 115,179,494
Form 990-PF (2010)
Form 990-PF (2010)
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,081,976
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 pages 13 and 17 of the instructions).
If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2009 6,509,143 125,185,355 0.051996
2008 7,779,085 134,596,291 0.057796
2007 7,482,385 140,747,030 0.053162
2006 6,088,907 120,718,563 0.050439
2005 5,148,885 103,940,369 0.049537
2 Total of line 1, column (d) ...................... 2 0.262930
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.052586
4 Enter the net value of noncharitable-use assets for 2010 from Part X, line 5..... 4 142,929,333
5 Multiply line 4 by line 3....................... 5 7,516,082
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 94,235
7 Add lines 5 and 6......................... 7 7,610,317
8 Enter qualifying distributions from Part XII, line 4.............. 8 6,985,656
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions on page 18.
Form 990-PF (2010)
Form 990-PF (2010)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 188,470
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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  
3 Add lines 1 and 2............................ 3 188,470
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 188,470
6 Credits/Payments:
a 2010 estimated tax payments and 2009 overpayment credited to 2010 6a 164,296
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 23,805
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 188,101
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 369
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2011 estimated taxBullet0 Refunded Bullet 11  
Part VII-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 page 19 of
the instructions for 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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletTX
    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 2010 or the taxable year beginning in 2010 (see instructions for Part XIV on
    page 27)? If “Yes,” complete Part XIV...........................
    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
    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 page 20 of the instructions) .......
    11
     
    No
    12
    Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CHFOUNDATIONLUBBOCK.COM
    14
    The books are in care ofbulletDON GRAF Telephone no.bullet (806) 792-0448
    Located atbullet4601 50TH STREETLUBBOCKTX ZIP+4bullet79414
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2010, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
     
    See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 5
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?.................
    (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.).........
    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 page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    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 2010?.............
    1c
     
     
    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 2010, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2010?...............
    If “Yes,” list the years bullet20, 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 page 20 of the 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.
    bullet20, 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?.....................
    b
    If “Yes,” did it have excess business holdings in 2010 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 2010.)....................
    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 2010?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see page 22 of the instructions)...
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    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 page 22 of the instructions)?
    5b
     
     
    .........bullet
    c
    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?............
    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?....................
    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?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see page 22 of the 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
    DON GRAFClick to see attachment EXEC DIR/SEC
    30.00     		69,600 0 0
    P O BOX 94038
    LUBBOCK,TX79493
    KAY SANFORDClick to see attachment PRES/ADMIN
    30.00     		69,600 0 0
    9307 QUINTON AVENUE
    LUBBOCK,TX79424
    KEVIN G MCMAHONClick to see attachment TREASURER
    1.00     		0 0 0
    4011 88TH PLACE
    LUBBOCK,TX79423
    KATHY GILBREATHClick to see attachment VICE PRESIDE
    1.00     		0 0 0
    4603 5TH STREET
    LUBBOCK,TX79416
    CAROL MCWHORTERClick to see attachment TRUSTEE
    1.00     		0 0 0
    3019 21ST STREET
    LUBBOCK,TX79410
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the 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...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-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  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see page 23 of the instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3...........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see page 24 of the 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
    116,916,497
    b
    Average of monthly cash balances.......................
    1b
    3,219,277
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    24,970,148
    d
    Total (add lines 1a, b, and c).........................
    1d
    145,105,922
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) ..............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d..........................
    3
    145,105,922
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ............................
    4
    2,176,589
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    142,929,333
    6
    Minimum investment return. Enter 5% of line 5...................
    6
    7,146,467
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    7,146,467
    2a
    Tax on investment income for 2010 from Part VI, line 5......
    2a
    188,470
    b
    Income tax for 2010. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    188,470
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,957,997
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4.............................
    5
    6,957,997
    6
    Deduction from distributable amount (see page 25 of the instructions)...........
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1.................................
    7
    6,957,997
    Part XII
    Qualifying Distributions (see page 25 of the 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
    6,985,656
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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 V, line 8, and Part XIII, line 4
    4
    6,985,656
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see page 26 of the instructions)............
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4...............
    6
    6,985,656
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2009     		(c)
    2009     		(d)
    2010
    1 Distributable amount for 2010 from Part XI, line 7 6,957,997
    2 Undistributed income, if any, as of the end of 2010:
    a Enter amount for 2009 only....... 1,420,582
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2010:
    a From 2005.......  
    b From 2006.......  
    c From 2007.......  
    d From 2008.......  
    e From 2009.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2010 from Part
    XII, line 4: bullet$ 6,985,656
    a Applied to 2009, but not more than line 2a 1,420,582
    b Applied to undistributed income of prior years
    (Election required—see page 26 of the instructions)    		  
    c Treated as distributions out of corpus (Election
    required—see page 26 of the instructions)...     		 
    d Applied to 2010 distributable amount..... 5,565,074
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2010.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable
    amount—see page 27 of the instructions ...     		 
    e Undistributed income for 2009. Subtract line
    4a from line 2a. Taxable amount—see page 27
    of the instructions ...........     		 
    f Undistributed income for 2010. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2011 ..........     		1,392,923
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see page 27
    of the instructions) ...........     		 
    8Excess distributions carryover from 2005 not
    applied on line 5 or line 7 (see page 27 of the
    instructions) .............     		 
    9Excess distributions carryover to 2011.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2006....  
    b Excess from 2007....  
    c Excess from 2008....  
    d Excess from 2009....  
    e Excess from 2010....  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 9
    Part XIV
    Private Operating Foundations (see page 27 of the instructions and Part VII-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 2010, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2010 (b) 2009 (c) 2008 (d) 2007
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see page 27 of the instructions.)
    1Information Regarding Foundation Managers:
    aList 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).)
    NA
    bList 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.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    KAY SANFORD
    P O BOX 94038
    LUBBOCK,TX79493
    (806) 792-0448
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT REQUESTS SHOULD BE IN WRITING AND INCLUDE (1) A BRIEF BACKGROUND OF THE ORGANIZATION; (2) A DESCRIPTION OF THE PROPOSED PROJECT AND A CONCISE STATEMENT OF ITS OBJECTIVES AND GOALS; (3) AN EXPLANATION OF THE PROPOSED USE OF FUNDS; (4) A DETAILED BUDGET, OTHER SOURCES OF DOCUMENTS FROM INTERNAL REVENUE SERVICE SHOWING TAX EXEMPT STATUS; (5) A STATEMENT OF APPROVAL OF THE REQUEST SIGNED BY THE CHIEF ADMINISTRATOR AND THE CHAIRMAN OF THE BOARD AND THE NAME OF THE PRIMARY CONTACT PERSON FOR FOLLOW UP; (6) MOST RECENT FINANCIAL REPORT; AND (7) PLAN FOR SUSTAINING THE PROJECT AFTER GRANT FUNDS EXPIRE.
    cAny submission deadlines:
    MAY 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY RESTRICTED TO ORGANIZATIONS WHOSE SERVICES BENEFIT THE SOUTH PLAINS AREA OF TEXAS.
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 10
    Part XV
    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)
    aPaid during the year
    ACROSS THE STREET OUTREAC
    2002 60TH STREET
    LUBBOCK,TX79412     		N/A PUBLIC GRANT 5,104
    ARCS FOUNDATION
    PO BOX 94206
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 16,000
    ALL SAINTS EPISCOPAL SCHO
    3222 103RD ST
    LUBBOCK,TX79423     		N/A PUBLIC GRANT 100,000
    AMERICAN CANCER SOCIETY
    3411 73RD STREET
    LUBBOCK,TX79423     		N/A PUBLIC GRANT 500,000
    AMERICAN MUSEUM OF AGRICU
    1501 CANYON LAKE DRIVE
    LUBBOCK,TX79403     		N/A PUBLIC GRANT 50,000
    ASSIST HUMAN NEEDS
    3101 35TH STREET
    LUBBOCK,TX79410     		N/A PUBLIC GRANT 5,000
    BALLET LUBBOCK
    5702 GENOA AVENUE
    LUBBOCK,TX79424     		N/A PUBLIC GRANT 59,350
    BOY SCOUTS - SOUTH PLAINS
    30 BRIERCROFT OFFICE PARK
    LUBBOCK,TX79412     		N/A PUBLIC GRANT 30,000
    BRIDGE OF LUBBOCK INC
    1301 REDBUD
    LUBBOCK,TX79403     		N/A PUBLIC GRANT 15,000
    BROWNFIELD SENIOR CITIZEN
    500 BRIDGES STREET
    BROWNFIELD,TX79316     		N/A PUBLIC GRANT 10,000
    CAPROCK AMBUCS
    PO BOX 93871
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 5,000
    CENTER FOR GLOBAL UNDERST
    PO BOX 30
    LUBBOCK,TX79408     		N/A PUBLIC GRANT 6,000
    CITY OF LUBBOCK
    PO BOX 2000
    LUBBOCK,TX79457     		N/A PUBLIC GRANT 1,080,000
    CASA OF THE SOUTH PLAINS
    916 MAIN ST STE 425
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 33,358
    CATHOLIC FAMILY SERVICES
    102 AVENUE J
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 17,000
    COLLEGE BASEBALL FTD
    PO BOX 6507
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 50,000
    COMMUNITY PARTNERS OF LBK
    720 TEXAS AVENUE
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 6,000
    CONKERR CENTER
    295 E SWEDESFORD 396
    WAYNE,PA19087     		N/A PUBLIC GRANT 1,000
    CORE KNOWLEDGE CENTER (LI
    5601 19TH STREET
    LUBBOCK,TX79407     		N/A PUBLIC GRANT 55,400
    CONFERENCE OF SOUTHWEST F
    3102 MAPLE AVENUE 260
    DALLAS,TX75201     		N/A PUBLIC GRANT 3,500
    COVENANT HEALTH SYSTEM FT
    3615 19TH STREET
    LUBBOCK,TX79410     		N/A PUBLIC GRANT 274,000
    DISMAS CHARITIES INC
    709 E 49TH STREET
    LUBBOCK,TX79404     		N/A PUBLIC GRANT 48,000
    EARLY LEARNING CENTERS OF
    1639 MAIN ST
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 125,000
    FAMILY PROMISE OF LUBBOCK
    PO BOX 1258
    LUBBOCK,TX79408     		N/A PUBLIC GRANT 25,000
    FRESH ANOINTING - HALE
    PO BOX 985
    HALE CENTER,TX79041     		N/A PUBLIC GRANT 2,400
    GIRL SCOUTS - TXOK
    2567 74TH STREET
    LUBBOCK,TX79424     		N/A PUBLIC GRANT 16,149
    GUADALUPEPARKWAY CENTERS
    405 N MLK JR BLVD
    LUBBOCK,TX79403     		N/A PUBLIC GRANT 72,939
    GOODWILL INDUSTRIES
    715 28TH STREET
    LUBBOCK,TX79404     		N/A PUBLIC GRANT 111,005
    HIGH POINT VILLAGE
    PO BOX 65674
    LUBBOCK,TX79464     		N/A PUBLIC GRANT 100,000
    HOPE COMMUNITY OF SHALOM
    5404 17TH PLACE
    LUBBOCK,TX79416     		N/A PUBLIC GRANT 6,346
    LEGAL AID OF LUBBOCK INC
    916 MAIN
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 14,022
    LITERACY LUBBOCK
    1306 9TH STREET
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 37,000
    LOUISE UNDERWOOD CTR ARTS
    511 AVENUE K
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 230,618
    LUBBOCK AREA FOUNDATION
    1655 MAIN ST STE 202
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 138,500
    LUBBOCK ARTS ALLIANCE
    PO BOX 5092
    LUBBOCK,TX79408     		N/A PUBLIC GRANT 47,000
    LUBBOCK BOYS & GIRLS CLUB
    PO BOX 94163
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 12,800
    LUBBOCK CHILDREN'S HEALTH
    302 N UNIVERSITY AVENUE
    LUBBOCK,TX79415     		N/A PUBLIC GRANT 20,750
    LUBBOCK CHORALE
    PMB 303 5815 82ND 145
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 20,000
    LUBBOCK CHRISTIAN UNIVERS
    5601 19TH STREET
    LUBBOCK,TX79407     		N/A PUBLIC GRANT 42,464
    LUBBOCK COMMUNITY THEATRE
    511 AVE K
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 31,750
    LUBBOCK HABITAT FOR HUMAN
    PO BOX 209
    LUBBOCK,TX79408     		N/A PUBLIC GRANT 28,905
    LUBBOCK IMPACT INC
    2707 34TH STREET
    LUBBOCK,TX79410     		N/A PUBLIC GRANT 25,818
    LUBBOCK ISD - FOUNDATION
    1628 19TH STREET
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 144,135
    LUBBOCK MEMORIAL ARBORETU
    PO BOX 93446
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 12,725
    LUBBOCK MOONLIGHT MUSICAL
    PO BOX 42033
    LUBBOCK,TX79409     		N/A PUBLIC GRANT 325,000
    LUBBOCK SYMPHONY ORCHESTR
    601 AVE K
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 100,000
    LUBBOCK UNITED NEIGHBHD
    1706 23RD STREET STE104
    LUBBOCK,TX79411     		N/A PUBLIC GRANT 20,000
    LUBBOCK YOUNG LIFE
    3202 34TH STREET
    LUBBOCK,TX79410     		N/A PUBLIC GRANT 35,000
    MERCY RETREAT CENTER
    PO BOX 744
    SLATON,TX79364     		N/A PUBLIC GRANT 15,000
    MORRIS SAFE HOUSE
    3240 NIGHTINGALE ROAD
    LUBBOCK,TX79407     		N/A PUBLIC GRANT 2,500
    MUSEUM OF THE LLANO ESTAC
    1900 W 8TH STREET
    PLAINVIEW,TX79072     		N/A PUBLIC GRANT 10,000
    NAMI OF LUBBOCK
    PO BOX 6854
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 5,000
    NATIONAL COWBOY SYMPOSIUM
    PO BOX 6638
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 8,500
    NATURE CONSERVANCY OF TX
    2122 KIDWELL ST STE 100
    DALLAS,TX75214     		N/A PUBLIC GRANT 20,000
    PARENTING COTTAGE
    3818 50TH STREET
    LUBBOCK,TX79413     		N/A PUBLIC GRANT 26,465
    PEP HIGH SCHOOL
    500 CHAMPION DRIVE
    MORTON,TX79346     		N/A PUBLIC GRANT 15,600
    RANCHING HERITAGE CENTER
    3121 4TH STREET
    LUBBOCK,TX79409     		N/A PUBLIC GRANT 37,000
    RECORDING LIBRARY BLIND
    2012 W CUTHBERT
    MIDLAND,TX79701     		N/A PUBLIC GRANT 6,000
    REFUGE SERVICES
    PO BOX 53684
    LUBBOCK,TX79453     		N/A PUBLIC GRANT 21,050
    RONALD MCDONALD HOUSE
    3413 10TH STREET
    LUBBOCK,TX79415     		N/A PUBLIC GRANT 17,281
    SANTA FE OPERA
    PO BOX 2408
    SANTA FE,NM87504     		N/A PUBLIC GRANT 5,000
    SCHOLARS INC
    6102 PR 6470
    LUBBOCK,TX79416     		N/A PUBLIC GRANT 10,000
    SCIENCE SPECTRUM
    2579 S LOOP 289 250
    LUBBOCK,TX79423     		N/A PUBLIC GRANT 38,500
    SILENT WINGS MUSEUM FOUND
    4405 10TH STREET
    LUBBOCK,TX79416     		N/A PUBLIC GRANT 27,625
    SOUTH PLAINS COLLEGE FOUN
    1401 S COLLEGE
    LEVELLAND,TX79336     		N/A PUBLIC GRANT 107,900
    SOUTH PLAINS FOOD BANK
    4612 LOCUST AVENUE
    LUBBOCK,TX79404     		N/A PUBLIC GRANT 107,300
    SPECIAL OLYMPICS TEXAS
    1318 13TH ST STE7
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 15,000
    SPIRIT RANCH INC
    PO BOX 53667
    LUBBOCK,TX79453     		N/A PUBLIC GRANT 82,115
    SUPPORTERS OF THE FINE AR
    PO BOX 53005
    LUBBOCK,TX79453     		N/A PUBLIC GRANT 32,300
    SUSAN G KOMEN FOR THE CU
    5121 69TH DR A-10A
    LUBBOCK,TX79424     		N/A PUBLIC GRANT 20,000
    TEXAS INTERSCHOLASTIC LG
    PO BOX 8028
    AUSTIN,TX78713     		N/A PUBLIC GRANT 84,750
    TEXAS RAMP PROJECT
    1706 SLIDE ROAD
    LUBBOCK,TX79416     		N/A PUBLIC GRANT 3,000
    UNITED WAY OF LUBBOCK
    1655 MAIN ST STE 101
    LUBBOCK,TX79401     		N/A PUBLIC GRANT 310,000
    VOLUNTEER CENTER OF LUBBO
    1706 23RD ST STE 101
    LUBBOCK,TX79411     		N/A PUBLIC GRANT 141,020
    VOLUNTEER SERVICES COUNCI
    PO BOX 5396
    LUBBOCK,TX79408     		N/A PUBLIC GRANT 31,923
    WEST TEXAS HOST COMMITTEE
    1706 23RD STREET STE 102
    LUBBOCK,TX79411     		N/A PUBLIC GRANT 20,000
    WEST TEXAS ALLIED COMMUNI
    408 E 13TH STREET
    LITTLEFIELD,TX79339     		N/A PUBLIC GRANT 20,000
    WOMEN'S PROTECTIVE SERVIC
    PO BOX 54089
    LUBBOCK,TX79453     		N/A PUBLIC GRANT 50,000
    YWCA OF LUBBOCK
    3101 35TH STREET
    LUBBOCK,TX79413     		N/A PUBLIC GRANT 233,000
    YOUTH CORPS INC
    PO BOX 94641
    LUBBOCK,TX79493     		N/A PUBLIC GRANT 15,000
    TEXAS TECH UNIVERSITY - F
    BOX 42004
    LUBBOCK,TX79409     		N/A PUBLIC GRANT 1,114,121
    MUSEUM OF TEXAS TECH UNIV
    BOX 43191
    LUBBOCK,TX79409     		N/A PUBLIC GRANT 20,000
    Total .................................bullet 3a 6,787,988
    bApproved for future payment
    Total ..................................bullet 3b  
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 11
    Part XVI-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 page 28 of
    the instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments         127,766
    4 Dividends and interest from securities....         2,397,998
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....         7,694,793
    8Gain or (loss) from sales of assets other than inventory         -4,363,644
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMALLET RANCH - CROP SALES         33,912
    bMALLET RANCH-GRASS LEASES         11,874
    cMALLET RANCH-DAMAGES         82,497
    dMALLET RANCH-MISC INCOME         810
    eMALLET RANCH-SURFACE RENTAL         49,478
    fMALLET RANCH-PATRONAGE DIV         3,841
    gMALLET RANCH - CROP INS PRO         4,113
    hDEVITT-JONES FARM-GRASS LEA         1,251
    iDEVITT-JONES FARM-DAMAGES         2,366
    jDEVITT-JONES FARM - EASMENT         1,240
    k12B-1 FEES         43,757
    lOTHER INCOME         1,489
    12 Subtotal. Add columns (b), (d), and (e)..     6,093,541
    13Total. Add line 12, columns (b), (d), and (e)...................
    136,093,541
    (See worksheet in line 13 instructions on page 28 to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the organization’s exempt purposes (other than by providing funds for such purposes). (See
    page 28 of the instructions.)
    Form 990-PF (2010)
    Form 990-PF (2010)
    Page 12
    Part XVII
    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
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    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) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    SignHere
    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 or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    Signature of officer or trustee Date Title
    PaidPreparersUseOnly Preparer's SignatureBullet Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2010)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2010 AccountingFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 27,225 2,723   24,502

    TY 2010 CompensationExplanation
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Person Name Explanation
    DON GRAF  
    KAY SANFORD  
    KEVIN G MCMAHON  
    KATHY GILBREATH  
    CAROL MCWHORTER  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 DepreciationSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DEPRECIATION   8,088 1,567 MACRS SL CLASS LIFE 7.0000 709 709    

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2010 GainLossSaleOtherAssetsSch
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    BLACKROCK US DEBT INDEX FUND B 2005-01 PURCHASE 2010-02   16,925,285 20,659,803     -3,734,518  
    BLACKROCK EQUITY INDEX FUND 2006-02 PURCHASE 2010-10   6,828 14,157     -7,329  
    BLACKROCK MID CAP ALPHA TILTS FUND B 2005-01 PURCHASE 2010-02   6,286,614 9,217,918     -2,931,304  
    BLACKROCK RUSSELL 2000 INDEX 2005-01 PURCHASE 2010-10   4,437 5,507     -1,070  
    BLACKROCK MID CAP EQUITY INDEX FUND 2010-02 PURCHASE 2010-10   3,681 3,733     -52  
    PIMCO DIVERSIFIED INCOME FUND 2005-02 PURCHASE 2010-10   800,000 744,781     55,219  
    PIMCO TOTAL RETURN INST 2010-02 PURCHASE 2010-10   6,250,000 5,851,698     398,302  
    TIFF US EQUITY FUND 2005-01 PURCHASE 2010-09   5,021,515 6,148,727     -1,127,212  
    K-1 ACTIVITY   PURCHASE     1,902,344       1,902,344  

    TY 2010 InvestmentsCorpStockSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SSGA-RUSSELL 1000 GROWTH FUND   9,686
    US SMALL CAP VALUE PORTFOLIO 4,288,012 4,440,286
    DFA INTL SMALL CAP VALUE PORTFOLIO 3,793,104 3,993,638
    EMERGING MARKETS VALUE PORTFOLIO 5,347,435 7,052,332
    PRIVATE ADVISORS STABLE VALUE FUND 4,500,000 5,575,218
    BARCLAYS-RUSSELL 2000 INDEX FD B    
    WASHINGTON MUTUAL INVESTORS FD 5,974,333 6,108,925
    PIMCO REAL RETURN FUND 6,154,223 6,253,713
    PIMCO DIVERSIFIED INCOME FUND 5,827,094 6,114,293
    POINTER OFFSHORE, LTD 4,500,000 7,529,995
    BARCLAYS-MID CAP ALPHA TILTS FD B    
    TIFF US EQUITY FUND 7,941,561 6,897,902
    EUROPACIFIC GROWTH FUND 12,309,337 15,463,641
    BARCLAYS-EQUITY INDEX FUND B    
    BARCLAYS-US DEBT INDEX FUND B    
    BLACKROCK EQUITY INDEX FUND 18,428,316 20,281,241
    BLACKROCK MID CAP INDEX FUND 9,350,321 10,986,827
    BLACKROCK RUSSELL 2000 INDEX FUND 7,215,424 10,914,278
    PIMMCO TOTAL RETURN FUND 15,187,765 15,096,621
    FIDELITY REAL ESTATE HIGH INCOME FUN 3,084,618 3,474,847

    TY 2010 InvestmentsLandSchedule2
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    MALLET RANCH-LAND & IMPROVEMENTS 408,689 133,185 275,504 478,140
    DEVITT JONES FARM-LAND & IMPROVEMENT 28,872 3,121 25,751 21,714
    OFFICE EQUIPMENT 7,817 7,817   1,000

    TY 2010 LegalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 1,288      


    TY 2010 OtherAssetsSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCOUNTS RECEIVABLE-OIL RUNS 37,299 37,545 37,545
    ACCOUNTS RECEIVABLE-SWEEP INCOME 1,387 1,387 1,387
    MINERAL INTERESTS 6,818,724 7,972,943 30,827,908
    LESS: ACCUMULATED DEPLETION -6,818,724 -7,972,943  
    INVESTMENT IN MALLET RANCH 219,802 248,659 248,659
    INVESTMENT IN DEVITT-JONES FARM 19,745 25,438 25,438
    ACCOUNTS RECEIVABLE-OTHER      


    TY 2010 OtherExpensesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    CONTRACT LABOR 4,223 423   3,800
    INSURANCE 5,515 552   4,963
    OFFICE SUPPLIES/EXPENSE 8,926 893   8,033
    MALLET RANCH-RANCH SURVELLANC 71 71    
    MALLET RANCH-PAYROLL 10,652 10,652    
    MALLET RANCH - PAYROLL TAXES 824 824    
    MALLET RANCH - PROFESSIONAL F 17,246 17,246    
    MALLET RANCH-CHEMICALS 3,494 3,494    
    MALLET RANCH - SUPPLIES 558 558    
    MALLET RANCH-REPAIRS 246 246    
    MALLET RANCH-TELEPHONE 133 133    
    MALLET RANCH-AUTO EXPENSE 496 496    
    MALLET RANCH-INSURANCE 1,483 1,483    
    MALLET RANCH-MEALS 12 12    
    MALLET RANCH-DEPRECIATION 5,796 5,796    
    MALLET RANCH-MISCELLANEOUS 25 25    
    DEVITT JONES FARM-INSURANCE 428 428    
    DEVITT JONES FARM - PROFESSIO 604 604    
    DEVITT JONES FARM-DEPRECIATIO 133 133    
    DEVITT JONES FARM-MISCELLANEO 12 12    


    TY 2010 OtherIncomeSchedule2
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 7,694,793 7,694,793  
    MALLET RANCH - CROP SALES 33,912 33,912  
    MALLET RANCH-GRASS LEASES 11,874 11,874  
    MALLET RANCH-DAMAGES 82,497 82,497  
    MALLET RANCH-MISC INCOME 810 810  
    MALLET RANCH-SURFACE RENTALS 49,478 49,478  
    MALLET RANCH-PATRONAGE DIV 3,841 3,841  
    MALLET RANCH - CROP INS PRO 4,113 4,113  
    DEVITT-JONES FARM-GRASS LEASE 1,251 1,251  
    DEVITT-JONES FARM-DAMAGES 2,366 2,366  
    DEVITT-JONES FARM - EASMENT 1,240 1,240  
    12B-1 FEES 43,757 43,757  
    OTHER INCOME 1,489 1,489  


    TY 2010 OtherIncreasesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Amount
    PREFERENCE DEPLETION 1,154,219
    RUSSELL 2000 INDEX FUND B BASIS ADJUSTMENT 2,922,535


    TY 2010 OtherLiabilitiesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE    


    TY 2010 OtherProfessionalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OIL & GAS CONSULTING 10,000 10,000    
    INVESTMENT FEES 58,161 58,161    


    TY 2010 TaxesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 102,039      
    OIL & GAS SEVERANCE TAXES 335,820 335,820    
    PROPERTY TAXES 486,021 486,021    
    FOREIGN TAXES WITHHELD ON INVEST