TY 2011 Form 990PF

- TIN:

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

2011

For calendar year 2011, or tax year beginning 02-01-2011 , and ending 01-31-2012

Check all that apply:Initial returnInitial return of a former public charityFinal return

Amended returnAddress changeName change

Name of foundation
THE CARRUTH FOUNDATION INC

% WILLIAM CLARKE CPA

Number and street (or P.O. box number if mail is not delivered to street address)2727 ALLEN PARKWAY SUITE 1570 Room/suite

City or town, state, and ZIP code
HOUSTON, TX770192125

A Employer identification number

76-0439576

B Telephone number (see page 10 of the instructions)

(713) 526-3012

C If exemption application is pending, check here bullet

D 1. Foreign organizations, check here . bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation 2. Foreign organizations meeting the 85% test,
check here and attach computation bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$11,255,235J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

E If private foundation status was terminated
under section 507(b)(1)(A), check here bullet

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here bullet

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	0
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	304,683		304,683
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		238,028
b	Gross sales price for all assets on line 6a 9,026,540
7	Capital gain net income (from Part IV, line 2)...			238,028
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).......
12	Total. Add lines 1 through 11........	542,711		542,711
13	Compensation of officers, directors, trustees, etc.	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		16,837	16,837	0	0
c	Other professional fees (attach schedule)....		74,939	74,939
17	Interest...............
18	Taxes (attach schedule) (see page 14 of the instructions)		5,613	1,115
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	97,389		92,891	0	0
25	Contributions, gifts, grants paid........	600,000				600,000
26	Total expenses and disbursements. Add lines 24 and 25	697,389		92,891	0	600,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-154,678
b	Net investment income (if negative, enter -0-)			449,820
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 (2011)

Form 990-PF (2011)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	83,743	117,650	117,650
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........	18,007	13,509	13,509
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule)........	11,031,222	10,863,972	11,124,076
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	11,132,972	10,995,131	11,255,235
	17	Accounts payable and accrued expenses..........		16,837
	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 )
	23	Total liabilities (add lines 17 through 22)..........		16,837
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		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	11,132,972	10,978,294
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	11,132,972	10,978,294
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	11,132,972	10,995,131

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	11,132,972
2	Enter amount from Part I, line 27a.....................	2	-154,678
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	10,978,294
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	10,978,294

Form 990-PF (2011)

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.)
1 a	3M CO	P	2010-05-07	2011-10-10
b	3M CO		2011-03-31	2011-10-10
c	3M CO		2011-08-08	2011-11-29
d	ABBOTT LABS		2007-01-11	2011-02-14
e	ABBOTT LABS		2011-09-22	2012-01-19
	DIAGEO PLC		2007-03-02	2011-08-17
	GOOGLE INC CL A		2010-01-06	2012-01-31
	NYSE EURONEXT COM		2008-03-20	2011-04-06
	PIONEER NATL RESOURCES		2011-01-31	2011-12-27
	UNILEVER NV NY		2011-08-18	2012-01-31
	ACCENTURE LTD		2011-01-28	2011-12-01
	ADVANCED AUTO PTS INC		2011-07-26	2012-01-12
	AFFILIATED MANAGERS GRP		2011-04-19	2011-08-19
	ALCOA		2001-01-11	2011-08-09
	ALLEGHANY CORP DEL		2009-11-29	2011-04-29
	ALLSTATE		2010-02-05	2011-06-07
	ALTRIA GROUP		2009-12-23	2011-12-02
	AMAZON COM		2011-09-22	2011-12-09
	AMERICAN ELEC PWR		2010-10-15	2011-03-09
	AMERICAN EXPRESS		2010-11-10	2012-01-19
	AMGEN INC		2010-01-04	2011-02-11
	ANALOG DEVICES		2011-01-28	2011-05-24
	ANNALY CAP MGMT		2011-06-08	2012-01-26
	APACHE CORP		2011-04-01	2011-11-16
	APPLE INC		2010-01-21	2011-12-19
	ARES CORP		2011-04-21	2011-07-20
	A T & T		2011-03-24	2012-01-19
	AUTOLIV INC		2010-07-14	2010-02-17
	AUTOZONE		2011-09-22	2012-01-19
	AVAGO TECH LTD		2011-08-24	2011-11-29
	BALL CORP		2011-09-30	2012-01-19
	BANK AMER 5.375% 8/15/11		2007-10-16	2011-08-15
	BANK AMER CORP		2011-02-07	2011-05-26
	BARNES & NOBLE		2010-01-22	2011-05-20
	BAXTER INTL		2010-01-07	2011-07-01
	BB&T CORP		2012-01-13	2012-01-19
	BECTON DICKINSON CORP		2011-03-14	2011-11-30
	BED BATH & BEYOND		2011-03-04	2012-01-19
	BERKSHIRE HATHAWAY		2011-03-23	2012-01-19
	BHP BILLITON		2010-01-06	2012-01-19
	BOEING CO		2011-01-19	2011-08-11
	BRISTOL MEYERS SQUIBB		2010-01-21	2012-01-19
	BROADRIDGE FIN SOL		2010-08-23	2011-09-01
	C&J ENERGY		2011-12-08	2012-01-19
	CANADIAN NTL RAILWAY		2011-01-28	2011-06-08
	CARDINAL HEALTH		2010-01-07	2011-08-23
	CASH AMER INTL INC		2010-10-13	2011-09-16
	CATERPILLAR INC		2010-11-16	2012-01-19
	CBS CORP		2010-11-17	2011-03-11
	CELANESE CORP		2009-12-23	2011-08-23
	CELGENE CORP		2011-09-23	2012-01-19
	CENTERPOINT ENERGY		2011-11-16	2012-01-24
	CHEVRON CORP		2009-02-02	2012-01-19
	CHUBB CORP		2010-08-03	2012-01-19
	CISCO SYSTEMS		2011-10-20	2012-01-19
	COCA COLA		2007-03-02	2012-01-19
	COMCAST		2011-03-04	2011-08-09
	CONCHO RES		2011-01-31	2011-03-11
	CONOCOPHILLIPS		2008-03-04	2012-01-19
	COOPER IND		2010-05-29	2011-05-24
	CORRECTIONS CORP		2011-04-25	2011-06-10
	COSTCO WHSL		2006-07-05	2012-01-19
	CROWN HOLDINGS		2010-11-04	2011-05-25
	CVS CAREMARK		2011-06-08	2011-02-09
	DANAHER CORP		2010-02-12	2011-05-06
	DEERE & CO		2011-02-16	2012-01-19
	DELL INC		2011-07-29	2011-08-18
	DEVON ENERGY		2011-01-28	2011-04-15
	DISCOVERY COMM INC		2011-07-06	2011-08-23
	DISNEY WALT CO		2011-03-31	2011-08-09
	DOLLAR GENERAL CORP		2010-10-25	2011-02-09
	DUN & BRADSTREET		2011-03-14	2012-01-26
	DUPONT		2011-03-25	2012-01-19
	ECHOSTAR CORP		2009-12-03	2011-02-18
	EL PASO CORP		2011-01-28	2011-03-11
	EMC CORP MASS		2011-03-16	2012-01-19
	EMERSON ELEC		2010-11-03	2011-06-21
	ENCANA CORP		2011-05-20	2011-08-10
	EOG RES INC		2012-01-11	2012-01-19
	EXELIS INC		2007-11-29	2011-12-20
	EXPRESS SCRIPTS		2011-03-23	2011-09-20
	EXXONMOBIL		2011-01-28	2012-01-19
	FIDELITY NATL INFO SVCS		2008-02-11	2011-08-12
	FLOUR CORP		2008-03-17	2011-09-23
	FNMA 2.75% 04/11/2011		2008-03-24	2011-04-11
	FORD MOTOR		2011-01-25	2012-01-19
	FREEPORT MCMORAN		2010-09-28	2011-03-11
	GENERAL ELEC		2010-05-19	2011-08-08
	GENERAL MOTORS		2011-02-01	2011-08-01
	GOLDMAN SACHS		2010-08-26	2011-03-14
	HALLIBURTON		2011-01-26	2012-01-19
	HEWLETT PACKARD		2009-10-01	2011-08-04
	HJ HEINZ		2011-02-11	2012-01-26
	HOME DEPOT		2009-01-22	2012-01-19
	HONEYWELL		2010-03-29	2011-04-25
	HOSPIRA INC		2011-06-08	2011-09-13
	HOST HOTELS & RESORTS		2011-01-28	2011-04-01
	HUNTINGTON INGALLS		2008-04-04	2011-04-28
	IBM CORP		2008-03-27	2012-01-19
	ILLINOIS TOOL WORKS		2006-08-28	2011-03-30
	INTEL CORP		2010-02-03	2012-01-19
	INTERCONTINENTAL EXCHANGE		2011-09-23	2012-01-01
	INTL FLAVORS & FRAGRANCES		2011-06-20	2011-11-16
	INVESCO LTD		2010-12-17	2011-03-31
	JOHNSON & JOHNSON		2007-12-13	2012-01-19
	JPMORGAN CHASE & CO		2007-11-13	2012-01-19
	JPMORGAN CHASE 6.75%		2007-11-13	2011-02-01
	JUNIPER NETWORKS		2011-02-02	2011-07-20
	KOHLS CORP		2010-12-02	2011-02-02
	KONINKLIJKE PHILIPS		2011-03-28	2011-05-05
	LENDER PROCESSING SVCS		2011-01-20	2011-11-11
	LIBERTY MEDIA		2010-02-22	2011-04-29
	LIBERTY MEDIA NEW		2010-02-22	2011-11-29
	LINCOLN NATIONAL		2011-01-13	2011-01-08
	LORILLARD INC		2011-03-02	2011-08-12
	LOWES CO INC		2011-03-04	2011-08-03
	MASTERCARD		2011-02-11	2012-01-09
	MCDONALDS CORP		2009-06-03	2012-01-19
	MERCK		2011-03-31	2012-01-19
	METHANEX CORP		2011-05-04	2011-08-11
	METLIFE		2008-10-31	2011-04-27
	MICROSOFT		2007-07-19	2012-01-19
	MONSANTO		2012-01-12	2012-01-19
	NEWMONT MINING		2011-06-01	2011-08-09
	NIKE INC		2010-07-23	2011-02-09
	NOBLE ENERGY		2011-01-31	2011-04-13
	NORDSTROM		2011-03-04	2011-06-21
	NORFOLK SOUTHERN		2012-01-12	2012-01-19
	NORTHERN TRUST		2008-07-25	2012-01-19
	NOVARTIS AG		2008-10-02	2012-01-19
	NVIDIA CORP		2011-01-11	2011-03-08
	OCCIDENTAL PETROLEUM		2008-09-26	2011-09-14
	OIL STS INTL INC		2011-04-18	2012-01-24
	OMNICOM GROUP INC		2011-03-14	2011-06-07
	ORACLE CORP		2008-08-14	2011-12-21
	PACKAGING CORP		2011-05-02	2011-06-17
	PEPSICO		2006-01-13	2012-01-19
	PFIZER INC		2010-11-04	2012-01-19
	PHILIP MORRIS		2008-09-17	2012-01-19
	PHILLIPS VAN HEUSEN		2011-03-11	2011-08-22
	PLAINS EXPLORATION		2010-01-07	2011-02-18
	PNC FINL SVCS CORP		2011-03-02	2012-01-19
	POTASH CORP		2011-08-04	2011-12-14
	PPG IND INC		2011-04-13	2011-08-16
	PRAXAIR INC		2011-03-11	2012-01-31
	PROCTER & GAMBLE		2011-03-29	2012-01-19
	QUALCOM INC		2011-01-13	2012-01-19
	RR DONNELLEY		2011-01-26	2011-11-30
	SANOFI-ADVENTIS		2011-04-13	2011-09-23
	SCHLUMBERGER LTD		2011-03-30	2012-01-19
	SIMON PPTY GROUP		2010-07-14	2011-03-02
	SKYWORKS SOLUTIONS INC		2011-06-08	2011-09-30
	SMUCKER J M CO		2011-04-14	2011-06-21
	STARBUCKS CORP		2010-11-08	2012-01-19
	TE CONNECTIVITY		2010-01-07	2011-06-08
	TELEPHONE & DATA SYS		2011-10-19	2012-01-25
	TEVA PHARMACEUTICALS		2009-06-03	2011-08-02
	THE SCOTTS MIRACLE GROW		2011-04-25	2011-08-03
	THERMO FISHER SCI		2009-12-23	2011-08-05
	TIFFANY & CO		2011-09-22	2011-12-20
	TIME WARNER INC		2010-10-11	2011-04-27
	TOWERS WATSON & CO		2011-04-04	2011-07-14
	TRANSOCEAN LTD ZUG NAMEN AKT		2006-03-13	2011-02-23
	TRAVELERS COS INC		2010-11-03	2011-09-23
	UNION PACIFIC		2012-01-09	2012-01-19
	UNITED PARCEL		2008-03-06	2012-01-19
	UNITED TECHNOLOGIES		2008-10-22	2012-01-19
	UNITED HEALTH GROUP		2011-06-23	2012-01-19
	US BANCORP		2011-07-29	2012-01-19
	USTN 1.75% 11/15/11		2009-01-22	2011-11-15
	USTN 2.375% 10/31/14		2011-01-20	2011-08-05
	VALEANT PHARM INTL		2011-01-28	2012-01-23
	VEECO INSTR		2011-04-19	2011-06-20
	VERIZON COMM		2011-03-24	2012-01-19
	VF GROUP		2010-03-19	2011-03-11
	VISA INC		2011-07-28	2012-01-19
	WALGREEN INC		2011-08-01	2012-01-19
	WALMART STORES		2008-02-14	2012-01-19
	WALT DISNEY		2010-11-17	2011-04-19
	WATSON PHARM		2011-09-29	2012-01-19
	WEATHERFORD INTL		2011-03-30	2012-01-19
	WELLPOINT INC		2010-05-20	2011-10-27
	WELLS FARGO & CO		2008-12-03	2012-01-19
	WESTCO INTL INC		2011-05-25	2011-09-30
	WILLIS GROUP HLDGS LTD		2011-05-04	2012-01-11
	WISCONSIN ENERGY		2010-06-25	2011-06-30
	XL CAPITAL LTD		2009-12-23	2011-03-31
	XYLEM INC		2007-11-29	2011-12-21

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	19,112	19,227	-115
b	26,760	32,600	-5,840
c	23,158	27,220	-4,062
d	34,017	37,049	-3,032
e	2,948	2,735	213
	32,135	31,987	148
	88,010	87,691	319
	107,506	171,330	-63,824
	85,066	90,160	-5,094
	27,889	27,719	170
	74,062	68,117	5,945
	58,576	48,630	9,946
	73,720	94,412	-20,692
	21,472	30,357	-8,885
	244	244
	37,800	35,898	1,902
	57,177	42,590	14,587
	60,684	56,708	3,976
	44,234	41,408	2,826
	39,609	33,010	6,599
	52,990	56,991	-4,001
	48,516	46,622	1,894
	19,841	22,200	-2,359
	48,887	69,097	-20,210
	125,963	74,278	51,685
	86,429	92,686	-6,257
	2,568	2,474	94
	24,860	17,035	7,825
	1,693	1,582	111
	31,778	35,271	-3,493
	911	787	124
	150,000	154,971	-4,971
	49,241	63,468	-14,227
	123,955	107,382	16,573
	96,140	93,887	2,253
	1,827	1,871	-44
	109,662	111,201	-1,539
	1,982	1,543	439
	34,833	38,438	-3,605
	76,719	60,689	16,030
	25,261	30,816	-5,555
	58,146	54,600	3,546
	58,237	60,736	-2,499
	1,368	1,738	-370
	28,271	25,660	2,611
	85,995	64,313	21,682
	121,376	72,503	48,873
	4,389	3,382	1,007
	68,398	49,289	19,109
	30,123	25,388	4,735
	2,638	2,317	321
	97,537	104,745	-7,208
	4,773	3,148	1,625
	2,137	1,645	492
	21,080	24,377	-3,297
	5,078	3,550	1,528
	11,771	14,584	-2,813
	47,858	44,495	3,363
	52,847	60,351	-7,504
	33,526	24,966	8,560
	39,292	45,684	-6,392
	76,057	54,248	21,809
	67,570	51,577	15,993
	41,249	41,117	132
	27,250	17,903	9,347
	2,045	2,300	-255
	51,123	59,648	-8,525
	74,561	71,953	2,608
	29,667	33,322	-3,655
	12,232	15,884	-3,652
	21,582	22,182	-600
	32,998	32,060	938
	2,375	2,678	-303
	58,332	34,528	23,804
	68,804	59,903	8,901
	10,663	12,151	-1,488
	28,636	28,991	-355
	69,887	86,711	-16,824
	2,164	2,169	-5
	15,834	24,225	-8,391
	17,077	21,806	-4,729
	70,415	67,663	2,752
	135,051	113,924	21,127
	94,769	91,861	2,908
	70,000	70,095	-95
	88,676	119,128	-30,452
	60,281	55,235	5,046
	124,682	125,216	-534
	23,568	31,247	-7,679
	47,478	44,037	3,441
	1,414	1,741	-327
	101,459	102,978	-1,519
	78,383	70,416	7,967
	3,892	1,900	1,992
	60,240	46,449	13,791
	68,201	91,451	-23,250
	47,280	49,082	-1,802
	11,652	10,480	1,172
	161,227	120,895	40,332
	20,097	16,399	3,698
	33,348	33,152	196
	25,436	27,263	-1,827
	131,077	139,037	-7,960
	24,648	22,279	2,369
	10,647	11,190	-543
	31,972	27,447	4,525
	140,000	151,642	-11,642
	25,388	31,197	-5,809
	26,915	28,297	-1,382
	19	19
	92,484	134,620	-42,136
	36,463	22,278	14,185
	53	38	15
	37,420	39,008	-1,588
	109,067	77,573	31,494
	12,148	15,659	-3,511
	160,050	138,176	21,874
	82,425	48,511	33,914
	3,633	3,555	78
	67,556	82,527	-14,971
	34,742	31,887	2,855
	63,736	65,841	-2,105
	1,643	1,694	-51
	66,045	66,838	-793
	26,113	21,691	4,422
	99,186	81,648	17,538
	15,953	15,320	633
	1,749	1,803	-54
	69,284	90,421	-21,137
	15,639	15,282	357
	29,205	30,656	-1,451
	130,796	105,213	25,583
	46,355	45,115	1,240
	73,369	76,063	-2,694
	108,113	89,748	18,365
	27,407	29,367	-1,960
	3,523	3,183	340
	20,343	19,742	601
	173,932	127,266	46,666
	74,713	76,049	-1,336
	40,764	44,569	-3,805
	105,518	136,851	-31,333
	20,163	27,750	-7,587
	12,583	15,840	-3,257
	96,944	91,558	5,386
	1,876	1,781	95
	2,046	1,866	180
	27,466	33,016	-5,550
	26,512	31,142	-4,630
	1,341	1,782	-441
	26,379	21,196	5,183
	76,929	97,245	-20,316
	46,969	38,644	8,325
	3,222	2,085	1,137
	35,309	28,810	6,499
	25	19	6
	57,105	57,505	-400
	76,408	88,390	-11,982
	82,905	71,201	11,704
	25,660	27,343	-1,683
	42,943	36,331	6,612
	120,653	105,975	14,678
	54,058	68,052	-13,994
	24,331	29,091	-4,760
	1,758	1,753	5
	2,142	2,097	45
	48,514	45,014	3,500
	2,469	2,449	20
	1,867	1,757	110
	125,000	127,552	-2,552
	106,208	104,628	1,580
	167,046	127,704	39,342
	56,207	53,505	2,702
	1,791	1,752	39
	26,678	22,000	4,678
	2,006	1,767	239
	3,684	3,684
	30,376	28,661	1,715
	24,746	22,348	2,398
	8,338	9,779	-1,441
	1,665	2,305	-640
	124,878	86,851	38,027
	127,009	130,413	-3,404
	51,239	78,251	-27,012
	46,056	52,302	-6,246
	51,612	41,910	9,702
	47,379	38,228	9,151
	45,214	60,052	-14,838

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			-115
b			-5,840
c			-4,062
d			-3,032
e			213
			148
			319
			-63,824
			-5,094
			170
			5,945
			9,946
			-20,692
			-8,885

			1,902
			14,587
			3,976
			2,826
			6,599
			-4,001
			1,894
			-2,359
			-20,210
			51,685
			-6,257
			94
			7,825
			111
			-3,493
			124
			-4,971
			-14,227
			16,573
			2,253
			-44
			-1,539
			439
			-3,605
			16,030
			-5,555
			3,546
			-2,499
			-370
			2,611
			21,682
			48,873
			1,007
			19,109
			4,735
			321
			-7,208
			1,625
			492
			-3,297
			1,528
			-2,813
			3,363
			-7,504
			8,560
			-6,392
			21,809
			15,993
			132
			9,347
			-255
			-8,525
			2,608
			-3,655
			-3,652
			-600
			938
			-303
			23,804
			8,901
			-1,488
			-355
			-16,824
			-5
			-8,391
			-4,729
			2,752
			21,127
			2,908
			-95
			-30,452
			5,046
			-534
			-7,679
			3,441
			-327
			-1,519
			7,967
			1,992
			13,791
			-23,250
			-1,802
			1,172
			40,332
			3,698
			196
			-1,827
			-7,960
			2,369
			-543
			4,525
			-11,642
			-5,809
			-1,382

			-42,136
			14,185
			15
			-1,588
			31,494
			-3,511
			21,874
			33,914
			78
			-14,971
			2,855
			-2,105
			-51
			-793
			4,422
			17,538
			633
			-54
			-21,137
			357
			-1,451
			25,583
			1,240
			-2,694
			18,365
			-1,960
			340
			601
			46,666
			-1,336
			-3,805
			-31,333
			-7,587
			-3,257
			5,386
			95
			180
			-5,550
			-4,630
			-441
			5,183
			-20,316
			8,325
			1,137
			6,499
			6
			-400
			-11,982
			11,704
			-1,683
			6,612
			14,678
			-13,994
			-4,760
			5
			45
			3,500
			20
			110
			-2,552
			1,580
			39,342
			2,702
			39
			4,678
			239

			1,715
			2,398
			-1,441
			-640
			38,027
			-3,404
			-27,012
			-6,246
			9,702
			9,151
			-14,838

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	238,028
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 . . . . . . . . . . . . .		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? Yes No

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))
2010	525,195	11,081,831	0.047392
2009	482,500	10,174,855	0.047421
2008	642,789	12,326,499	0.052147
2007	668,500	14,933,068	0.044766
2006	746,782	13,763,312	0.054259

2	Total of line 1, column (d) ......................	2	0.245985
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	0.049197
4	Enter the net value of noncharitable-use assets for 2011 from Part X, line 5.....	4	11,709,071
5	Multiply line 4 by line 3.......................	5	576,051
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	4,498
7	Add lines 5 and 6.........................	7	580,549
8	Enter qualifying distributions from Part XII, line 4..............	8	600,000
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 (2011)

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	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: 1994-10-21(attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	4,498
	hereand 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	4,498
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	4,498
6	Credits/Payments:

a	2011 estimated tax payments and 2010 overpayment credited to 2011	6a	18,007
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	18,007
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	13,509
11	Enter the amount of line 10 to be: Credited to 2012 estimated tax13,509	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of

the instructions for definition)?............................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If “Yes,” attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If “Yes,” has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If “Yes,” attach the statement required by General Instruction T.

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?................

Yes

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.

Yes

Enter the states to which the foundation reports or with which it is registered (see page 19 of the

instructions) bullet

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 .

Yes

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 2011 or the taxable year beginning in 2011 (see instructions for Part XIV on

page 27)? If “Yes,” complete Part XIV..........................

Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.

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) .......

Did the foundation acquire a direct or indirect interest in any applicable insurance contract before August 17, 2008?

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

WILLIAM CLARKE CPA Telephone no. bullet

(713) 526-3012

Located at bullet

2727 ALLEN PKWY 1570HOUSTONTX ZIP+4 bullet

770192125

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

At any time during calendar year 2011, 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? .................

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 (2011)

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?.........................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?.................YesNo

(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.).........YesNo

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)?...

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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 2011?.............

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)):

At the end of tax year 2011, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2011?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

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.) .........

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business

enterprise at any time during the year?.....................YesNo

If “Yes,” did it have excess business holdings in 2011 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 2011.)....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2011?

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))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?...............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(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)...YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?........YesNo

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)?

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?............YesNo

If “Yes,” attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay

premiums on a personal benefit contract?....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If “Yes” to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2011)

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
BRADY F CARRUTH	PRESIDENT 5.0	0	0	0
2727 ALLEN PARKWAY SUITE 1570 HOUSTON,TX770192125	PRESIDENT 5.0	0	0	0
WILLIAM V H CLARKE	SECRETARY/TREASURER 10.0	0	0	0
2727 ALLEN PARKWAY SUITE 1570 HOUSTON,TX770192125	SECRETARY/TREASURER 10.0	0	0	0
ALAN SCHUBERT	TRUSTEE 3.0	0	0	0
2727 ALLEN PARKWAY SUITE 1570 HOUSTON,TX770192125	TRUSTEE 3.0	0	0	0
GENTRY LEE	TRUSTEE 3.0	0	0	0
2727 ALLEN PARKWAY SUITE 1570 HOUSTON,TX770192125	TRUSTEE 3.0	0	0	0

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










Total number of other employees paid over $50,000...................				0

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

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 (2011)

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


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.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

11,864,570

Average of monthly cash balances.......................

22,812

Fair market value of all other assets (see page 24 of the instructions)............

Total (add lines 1a, b, and c).........................

11,887,382

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

11,887,382

Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25

of the instructions) ...........................

178,311

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

11,709,071

Minimum investment return. Enter 5% of line 5..................

585,454

Part XI

Distributable Amount (see page 25 of the instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

585,454

Tax on investment income for 2011 from Part VI, line 5......

4,498

Income tax for 2011. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

4,498

Distributable amount before adjustments. Subtract line 2c from line 1............

580,956

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

580,956

Deduction from distributable amount (see page 25 of the instructions)...........

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,

line 1................................

580,956

Part XII

Qualifying Distributions (see page 25 of the instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

600,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

600,000

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)............

4,498

Adjusted qualifying distributions. Subtract line 5 from line 4..............

595,502

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 (2011)

Page 8

Part XIII

Undistributed Income (see page 26 of the instructions)

		(a) Corpus	(d) 2011
1 Distributable amount for 2011 from Part XI, line 7			580,956
2 Undistributed income, if any, as of the end of 2011:
a Enter amount for 2010 only.......
b Total for prior years:2009, 2008, 2007
3 Excess distributions carryover, if any, to 2011:
a From 2006.......
b From 2007.......
c From 2008.......	12,225
d From 2009.......
e From 2010.......
fTotal of lines 3a through e.........		12,225
4Qualifying distributions for 2011 from Part
XII, line 4: $ 600,000
a Applied to 2010, but not more than line 2a
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 2011 distributable amount.....			580,956
e Remaining amount distributed out of corpus		19,044
5 Excess distributions carryover applied to 2011.
(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		31,269
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 2010. Subtract line 4a from line 2a. Taxable amount—see page 27 of the instructions ...........
f Undistributed income for 2011. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2011 ..........			0
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 2006 not applied on line 5 or line 7 (see page 27 of the instructions) .............
9Excess distributions carryover to 2012. Subtract lines 7 and 8 from line 6a ......		31,269
10 Analysis of line 9:
a Excess from 2007....
b Excess from 2008....	12,225
c Excess from 2009....
d Excess from 2010....
e Excess from 2011....	19,044

Form 990-PF (2011)

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 2011, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

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) 2011	(b) 2010	(c) 2009	(d) 2008	(e) Total

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).)

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.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organizations
under other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2011)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BUFFALO BAYOU PARTNERSHIP 1113 VINE STREET STE 200 HOUSTON,TX77002	NONE	PUBLIC	CAPITAL ACQUISITIONS	200,000
THE PARISH CHILDREN'S SCHOOL 11001 HAMMERLY HOUSTON,TX77043	NONE	PUBLIC	SCHOLARSHIPS	200,000
CAMP FOR ALL 10500 NW FREEWAY 220 HOUSTON,TX77092	NONE	PUBLIC	EQUESTRIAN THERAPY PROGRAM	15,000
STUDENT CONSERVATION ASSOCIATION 3015 RICHMOND AVE STE 290 HOUSTON,TX77098	NONE	PUBLIC	BUFFALO BAYOU REHABILITATION PROJECT	25,000
DISCOVERY GREEN CONSERVANCY 1500 MCKINNEY HOUSTON,TX77010	NONE	PUBLIC	OPERATIONS & MAINTENANCE	10,000
HOUSTON ZOO 1513 N MAC GREGOR HOUSTON,TX77030		PUBLIC	ASIAN ELEPHANT EXHIBIT CAPITAL	150,000
Total ................................. 3a				600,000

bApproved for future payment
THE PARISH CHILDREN'S SCHOOL 11001 HAMMERLY HOUSTON,TX77043	NONE	PUBLIC	SCHOLARSHIPS	450,000
BUFFALO BAYOU PARTNERSHIP 1113 VINE STREET STE 200 HOUSTON,TX77002	NONE	PUBLIC	CAPITAL ACQUISITIONS	800,000
STUDENT CONSERVATION ASSOCIATION 3015 RICHMOND AVE STE 290 HOUSTON,TX77098	NONE	PUBLIC	BUFFALO BAYOU REHABILITATION PROJECT	25,000
Total ................................. 3b				1,275,000

Form 990-PF (2011)

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
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
4 Dividends and interest from securities....			14	304,683
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.....
8Gain or (loss) from sales of assets other than inventory			18	238,028
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				542,711

13Total. Add line 12, columns (b), (d), and (e)..................

13542,711

(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.	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 (2011)

Page 12

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section

Yes

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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?...........YesNo

If “Yes,” complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

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.

	Signature of officer or trustee	Date	Title

Preparer's Signature	Date	Check if self- employed	PTIN
Firm's name Firm's address		Firm's EIN
		Phone no.

Form 990-PF (2011)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2011 AccountingFeesSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
WILLIAM CLARKE CPA	16,837	16,837

- TIN:

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

TY 2011 DepreciationSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

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

- TIN:

TY 2011 InvestmentsCorpStockSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AMEGY INVESTMENTS - FUND VN	5,349,184
AMEGY INVESTMENTS - FUND A	2,658,015
AMEGY INVESTMENTS - FUND B	2,856,773

- TIN:

TY 2011 LandEtcSchedule2

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value

- TIN:

TY 2011 OtherExpensesSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
BANK CHARGES

- TIN:

TY 2011 OtherProfessionalFeesSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Category	Amount	Net Investment Income
VAUGHAN NELSON ET AL	21,092	21,092
AVALON ADVISORS	30,228	30,228
BREEN INVESTORS	23,619	23,619

- TIN:

TY 2011 TaxesSchedule

Name:

THE CARRUTH FOUNDATION INC

EIN: 76-0439576

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAXES	4,498
FOREIGN DIVIDEND TAXES	1,115	1,115