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 01-01-2011 , and ending 12-31-2011
G
Check all that apply:
Name of foundation
W D KELLEY FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)707 ROCK STREET   Room/suite
City or town, state, and ZIP code
GEORGETOWN, TX78626
A Employer identification number

74-3007226
B Telephone number (see page 10 of the instructions)

(512) 863-2575
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$8,577,416J 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      
4 Dividends and interest from securities...... 58,529 58,529  
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 -2,731
b Gross sales price for all assets on line 6a 876,085
7 Capital gain net income (from Part IV, line 2)... 513
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 5,368 5,368  
12 Total. Add lines 1 through 11........ 61,166 64,410  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 95,550 28,665   66,885
15 Pension plans, employee benefits....... 7,310 2,193   5,117
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,900 1,470   3,430
c Other professional fees (attach schedule).... Click to see attachment 250 75   175
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 21,799 21,657    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,176    
20 Occupancy.............. 5,038 1,511   3,527
21 Travel, conferences, and meetings....... 1,976     1,976
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 3,762 1,763   1,834
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 141,761 57,334   82,944
25 Contributions, gifts, grants paid........ 228,900 228,900
26 Total expenses and disbursements. Add lines 24 and 25 370,661 57,334   311,844
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -309,495
b Net investment income (if negative, enter -0-) 7,076
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 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...............      
2 Savings and temporary cash investments.......... 21,725 9,629 9,629
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........... 1,527 1,385 1,385
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 2,296,605 Click to see attachment1,978,146 2,008,764
c Investments—corporate bonds (attach schedule)........ 45,078 Click to see attachment44,799  
11 Investments—land, buildings, and equipment: basis bullet3,470,973
Less: accumulated depreciation (attach schedule) bullet   3,455,965 Click to see attachment3,470,973 6,545,194
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 4,034 Click to see attachment10,137 10,137
14 Land, buildings, and equipment: basis bullet17,516
Less: accumulated depreciation (attach schedule) bullet15,209 1,937 Click to see attachment2,307 2,307
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,826,871 5,517,376 8,577,416
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 5,826,871 5,517,376
30 Total net assets or fund balances (see page 17 of the
instructions).................... 5,826,871 5,517,376
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 5,826,871 5,517,376
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 5,826,871
2 Enter amount from Part I, line 27a..................... 2 -309,495
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 5,517,376
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 5,517,376
Form 990-PF (2011)
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.)
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 2 513
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))
2010 157,899 8,363,719 0.018879
2009 766,321 8,166,326 0.093839
2008 484,325 9,210,429 0.052584
2007 437,438 9,706,510 0.045066
2006 424,675 9,026,635 0.047047
2 Total of line 1, column (d) ...................... 2 0.257415
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 0.051483
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 8,680,455
5 Multiply line 4 by line 3....................... 5 446,896
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 71
7 Add lines 5 and 6......................... 7 446,967
8 Enter qualifying distributions from Part XII, line 4.............. 8 311,844
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)
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 Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 142
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............................ 3 142
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- ..... 5 142
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 1,527
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 1,527
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,385
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet1,385 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
 
No
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 2011 or the taxable year beginning in 2011 (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 addressbulletN/A
    14
    The books are in care ofbulletDALE ILLIG Telephone no.bullet (512) 863-2575
    Located atbullet707 ROCK STGEORGETOWNTX ZIP+4bullet78626
    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 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? .................
    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 (2011)
    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
    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 2011?.............
    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 2011, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2011?...............
    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 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.)....................
    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 2011?
    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 (2011)
    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
    THOMAS BAIRDClick to see attachment DIRECTOR
    0.50     		0 0 0
    401 N 3RD ST
    401 N ERD ST
    TEMPLE,TX76501
    HERBERT NELSONClick to see attachment DIRECTOR
    1.00     		0 0 0
    30308 ST ANDREW
    30308 ST ANDREW
    GEORGETOWN,TX78628
    SANDRA ILLIGClick to see attachment SECRETARY
    1.00     		0 0 0
    707 ROCK ST
    707 ROCK ST
    GEORGETOWN,TX78626
    DALE ILLIGClick to see attachment PRESIDENT
    30.00     		0 0 0
    707 ROCK ST
    707 ROCK ST
    GEORGETOWN,TX78626
    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 (2011)
    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 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
    2,228,673
    b
    Average of monthly cash balances.......................
    1b
    26,525
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    6,557,447
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,812,645
    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
    8,812,645
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    132,190
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,680,455
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    434,023
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    434,023
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    142
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    142
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    433,881
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    433,881
    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
    433,881
    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
    311,844
    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
    311,844
    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
    311,844
    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)
    Form 990-PF (2011)
    Page 8
    Part XIII
    Undistributed Income (see page 26 of the instructions)
    (a)
    Corpus     		(b)
    Years prior to 2010     		(c)
    2010     		(d)
    2011
    1 Distributable amount for 2011 from Part XI, line 7 433,881
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2011:
    a From 2006.......  
    b From 2007.......  
    c From 2008.......  
    d From 2009....... 134,274
    e From 2010.......  
    fTotal of lines 3a through e......... 134,274
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 311,844
    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..... 311,844
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2011. 122,037 122,037
    (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 12,237
    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 ......     		12,237
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009.... 12,237
    d Excess from 2010....  
    e Excess from 2011....  
    Form 990-PF (2011)
    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 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) 2011 (b) 2010 (c) 2009 (d) 2008
             
    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
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    DALE ILLIG
    707 ROCK STREET
    GEORGETOWN,TX78626
    (512) 863-2575
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED OUTLINE FOR GRANT APPLICATION GUIDELINES AND GRANT REQUIREMENTS
    cAny submission deadlines:
    GRANT DECISION AWARD DATES ARE JULY & DECEMBER
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE AREAS OF FUNDING INTEREST DESCRIBED IN THE ATTACHED GRANT REQUEST APPLICATION
    Form 990-PF (2011)
    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)
    aPaid during the year
    ANNUNCIATION MATERNITY HOME
    ANNUNCIATON MATERNITY HOME
    3610 SHELL RD
    3610 SHELL RD
    GEORGETOWN,TX78628     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 5,000
    KEEP TEMPLE BEAUTIFUL
    KEEP TEMPLE BEAUTIFUL
    100 W ADAMS STE 302
    100 W ADAMS STE 302
    TEMPLE,TX76501     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 15,000
    CAPITAL INVESTING IN DEVELOPMENT
    CAPITAL INVESTING IN DEVELOPMENT
    PO BOX 1784
    PO BOX 1784
    AUSTIN,TX787671784     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 20,000
    RIDE ON CENTER FOR KIDS
    RICE ON CENTER FOR KIDS
    PO BOX 2422
    PO BOX 2422
    GEORGETOWN,TX78627     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 20,000
    GRACE BIBLE CHURCH
    GRACE BIBLE CHURCH
    302 SERENADA DR
    302 SERENADA DR
    GEORGETOWN,TX78628     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 25,500
    COMMUNITY MOTESSORI SCHOOL
    COMMUNITY MOTESSORI SCHOOL
    500 PLEASANT VALLEY DR
    500 PLEASANST VALLEY DR
    GEORGETOWN,TX78626     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 15,000
    CONCORDIA UNIVERSITY
    CONCORDIA UNIVERSITY
    11400 CONCORDIA UNIV DR
    11400 COPMCORDIA UNIV DR
    AUSTIN,TX787269801     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 1,000
    FAITH IN ACTION CAREGIVERS
    FAITH IN ACTION CAREFIVERS
    PO BOX 743
    PO BOX 743
    GEORGETOWN,TX78627     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 500
    GRACE EPISCOPAL PRESCHOOL
    GRACE EPISCOPAL PRESCHOOL
    1314 E UNIVERSITY
    1314 E UNIVERSITY
    GEORGETOWN,TX78626     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 2,500
    LCMS WORLD MISSION
    LCMS WORLD MISSION
    PO BOX 790089
    PO BOX 790089
    ST LOUIS,MO631790089     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 1,000
    LUTHERAN SOCIAL SERVICES OF SOUTH
    LUTHERAN SOCIAL SERVICES OF SOUTH
    PO BOX 140767
    PO BOX 140767
    AUSTIN,TX787140767     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 2,000
    ORENDA EDUCATION
    ORENDA EDUCATION
    2951 WILLIAMS DR
    2951 WILLIAMS DR
    GEORGETOWN,TX78628     		NONE 501(C)(3) CAPITAL EXPENSE 45,500
    PEACE LUTHERAN CHURCH
    PEACE LUTHERAN CHURCH
    5659 STRAND COURT
    5659 STRAND COURT
    NAPLES,FL34110     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 15,000
    RUTGERS UNIVERSITY ATHLETICS
    RUTGERS UNIVERSITY ATHLETICS
    7 COLLEGE AVE WINANTS HA
    7 COLLEGE AVE WINANTS HA
    NEW BRUNSWICK,NJ089011261     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 400
    THE CARING PLACE
    THE CARING PLACE
    PO BOX 1215
    PO BOX 1215
    GEORGETOWN,TX786271215     		NONE 501(C)(3) CAPITAL EXPENSE 45,500
    WC4C
    WC4C
    805 W UNIVERSITY STE 102
    805 W UNIVERSITY STE 102
    GEORGETOWN,TX78626     		NONE 501(C)(3) GENERAL OPERATING EXPENSE 15,000
    Total .................................bullet 3a 228,900
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2011)
    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 (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          
    4 Dividends and interest from securities....     14 58,529  
    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.....     14 5,368  
    8Gain or (loss) from sales of assets other than inventory     14 -2,731  
    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)..   61,166  
    13Total. Add line 12, columns (b), (d), and (e)..................
    1361,166
    (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 (2011)
    Form 990-PF (2011)
    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 (2011)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ANNUAL ACCOUNTING 4,900 1,470   3,430

    TY 2011 CompensationExplanation
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Person Name Explanation
    THOMAS BAIRD  
    HERBERT NELSON  
    SANDRA ILLIG  
    DALE ILLIG  

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    TY 2011 DepreciationSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    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
    GRANT SOFTWARE 1999-10-01 5,750 5,750   3.0000        
    STORAGE CONTAINER 2002-11-07 2,309 2,277 S/L 7.0000        
    FILM & AUDIO EQUIPMENT 2004-06-14 822 763 200DB 7.0000 59      
    SCANNER 2004-06-14 401 401 200DB 5.0000        
    MINI DVD 2004-11-18 104 97 200DB 7.0000 7      
    1/2 OFFICE EQUIPMENT 2006-09-27 1,453 1,369 200DB 5.0000 84      
    1/2 VIDEO EQUIPMENT 2006-10-25 166 129 200DB 7.0000 15      
    1/2 PRINTER 2006-11-29 296 279 200DB 5.0000 17      
    DELL COMPUTER 2007-05-24 594 491 200DB 5.0000 69      
    OFFICE EQUIPMENT 2007-12-27 165 136 200DB 5.0000 20      
    FILING CABINETS 2008-02-25 470 265 200DB 7.0000 58      
    CAMERA 2008-05-27 173 97 200DB 7.0000 22      
    JCC MONITOR 2008-07-24 173 123 200DB 5.0000 20      
    COPIER 2010-01-28 1,624 974 200DB 5.0000 260      
    COMPUTER 2010-07-29 1,471 882 200DB 5.0000 236      
    COMPUTER 2011-01-26 1,545   200DB 5.0000 309      

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    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    ISHARES TR RUSSELL 2000 2010-12 PURCHASE 2011-01   7,878 7,857     21  
    ISHARES TR RUSSELL 2000 2010-12 PURCHASE 2011-01   7,878 7,894     -16  
    BAXTER INTERNATIONAL INC 2010-12 PURCHASE 2011-01   4,928 5,039     -111  
    BAXTER INTERNATIONAL INC 2010-12 PURCHASE 2011-01   4,928 5,091     -163  
    INTEL CORP 2010-03 PURCHASE 2011-01   4,085 4,161     -76  
    INTEL CORP 2010-04 PURCHASE 2011-01   4,085 4,849     -764  
    INTEL CORP 2010-06 PURCHASE 2011-01   4,085 4,271     -186  
    INTEL CORP 2010-06 PURCHASE 2011-01   2,043 2,022     21  
    VANGUARD EMERGING MARKET 2010-03 PURCHASE 2011-01   4,768 4,210     558  
    VANGUARD EMERGING MARKET 2010-04 PURCHASE 2011-01   1,144 1,037     107  
    VANGUARD EMERGING MARKET 2010-04 PURCHASE 2011-01   3,624 3,285     339  
    VANGUARD EMERGING MARKET 2010-04 PURCHASE 2011-01   9,536 8,359     1,177  
    VANGUARD EMERGING MARKET 2010-06 PURCHASE 2011-01   4,768 3,831     937  
    MICROSOFT CORP 2010-07 PURCHASE 2011-01   851 745     106  
    MICROSOFT CORP 2010-07 PURCHASE 2011-01   4,825 4,220     605  
    MICROSOFT CORP 2010-07 PURCHASE 2011-01   2,838 2,520     318  
    YAMANA GOLD INC F 2010-12 PURCHASE 2011-01   4,655 4,925     -270  
    CELGENE CORP 2010-11 PURCHASE 2011-01   5,671 6,069     -398  
    CELGENE CORP 2010-12 PURCHASE 2011-01   5,671 5,759     -88  
    VANGUARD EMERGING MARKET 2010-09 PURCHASE 2011-01   14,274 13,272     1,002  
    VANGUARD EMERGING MARKET 2010-09 PURCHASE 2011-01   9,516 9,065     451  
    ISHARES MSCI TAIWAN INDEX FUND 2010-09 PURCHASE 2011-01   780 677     103  
    ISHARES MSCI TAIWAN INDEX FUND 2010-09 PURCHASE 2011-01   3,899 3,387     512  
    ISHARES MSCI TAIWAN INDEX FUND 2010-09 PURCHASE 2011-01   4,679 4,071     608  
    ISHARES MSCI TAIWAN INDEX FUND 2010-10 PURCHASE 2011-01   1,560 1,377     183  
    AASTROM BIO INC NEW 2010-11 PURCHASE 2011-02   111 107     4  
    AASTROM BIO INC NEW 2010-11 PURCHASE 2011-02   258 248     10  
    MICROCHIP TECHNOLOGY INC 2010-10 PURCHASE 2011-02   7,403 6,209     1,194  
    AASTROM BIO INC NEW 2010-11 PURCHASE 2011-02   1,291 1,239     52  
    AASTROM BIO INC NEW 2010-11 PURCHASE 2011-02   258 248     10  
    AASTROM BIO INC NEW 2010-11 PURCHASE 2011-02   663 637     26  
    ISHARES MSCI TAIWAN INDEX FUND 2010-10 PURCHASE 2011-02   1,584 1,377     207  
    JPMORGAN CHASE & CO 2010-12 PURCHASE 2011-02   4,452 4,136     316  
    JPMORGAN CHASE & CO 2010-12 PURCHASE 2011-02   4,452 4,188     264  
    JPMORGAN CHASE & CO 2010-12 PURCHASE 2011-02   4,452 4,236     216  
    JPMORGAN CHASE & CO 2011-01 PURCHASE 2011-02   13,355 13,464     -109  
    JPMORGAN CHASE & CO 2011-01 PURCHASE 2011-02   8,904 9,013     -109  
    VERIZON COMMUNICATIONS 2010-07 PURCHASE 2011-02   14,405 10,781     3,624  
    VERIZON COMMUNICATIONS 2010-09 PURCHASE 2011-02   3,601 3,246     355  
    MARKET VECTORS ETF TRUST 2010-11 PURCHASE 2011-02   2,615 8,900     -6,285  
    MARKET VECTORS ETF TRUST 2010-12 PURCHASE 2011-02   2,615 8,560     -5,945  
    MARKET VECTORS ETF TRUST 2011-01 PURCHASE 2011-02   2,615       2,615  
    MARKET VECTORS ETF TRUST 2011-01 PURCHASE 2011-02   2,614       2,614  
    MARKET VECTORS ETF TRUST 2011-01 PURCHASE 2011-02   5,229       5,229  
    POWERSHARES INDIA ETF 2010-02 PURCHASE 2011-02   4,303 4,109     194  
    GOODRICH CORPORATION 2010-12 PURCHASE 2011-02   9,173 8,631     542  
    JDS UNIPHASE CORPORATION 2010-11 PURCHASE 2011-02   7,923 3,612     4,311  
    JDS UNIPHASE CORPORATION 2010-12 PURCHASE 2011-02   5,229 2,787     2,442  
    JDS UNIPHASE CORPORATION 2010-12 PURCHASE 2011-02   53 28     25  
    JDS UNIPHASE CORPORATION 2010-12 PURCHASE 2011-02   5,282 2,763     2,519  
    JDS UNIPHASE CORPORATION 2010-12 PURCHASE 2011-02   7,263 4,020     3,243  
    JDS UNIPHASE CORPORATION 2010-12 PURCHASE 2011-02   660 366     294  
    R F MICRO DEVICES INC 2010-03 PURCHASE 2011-03   3,643 2,469     1,174  
    R F MICRO DEVICES INC 2010-03 PURCHASE 2011-03   1,457 1,029     428  
    R F MICRO DEVICES INC 2010-04 PURCHASE 2011-03   729 570     159  
    R F MICRO DEVICES INC 2010-04 PURCHASE 2011-03   3,643 2,749     894  
    R F MICRO DEVICES INC 2010-06 PURCHASE 2011-03   1,457 948     509  
    R F MICRO DEVICES INC 2010-06 PURCHASE 2011-03   729 474     255  
    R F MICRO DEVICES INC 2010-12 PURCHASE 2011-03   2,914 3,109     -195  
    SPRINT CAP CORP NT 5.875%04 2011-02 PURCHASE 2011-03   4,325 4,314     11  
    SPRINT CAP CORP NT 5.875%04 2011-02 PURCHASE 2011-03   4,325 4,314     11  
    ISHARES TR MSCI EAFE FD 2010-10 PURCHASE 2011-03   5,949 5,509     440  
    ISHARES TR MSCI EAFE FD 2010-10 PURCHASE 2011-03   11,898 11,341     557  
    MICROSOFT CORP 2010-07 PURCHASE 2011-03   2,544 2,520     24  
    MICROSOFT CORP 2010-07 PURCHASE 2011-03   2,544 2,618     -74  
    APPLE INC 2010-07 PURCHASE 2011-03   34,891 24,909     9,982  
    CEPHALON INC 2011-01 PURCHASE 2011-03   7,536 6,038     1,498  
    CEPHALON INC 2011-01 PURCHASE 2011-03   7,536 6,038     1,498  
    CEPHALON INC 2011-01 PURCHASE 2011-03   7,536 5,909     1,627  
    AUTO DATA PROCESSING 2010-12 PURCHASE 2011-04   10,347 9,259     1,088  
    ENCANA CORPORATION F 2010-07 PURCHASE 2011-04   10,275 9,711     564  
    POWERSHARES INDIA ETF 2010-04 PURCHASE 2011-04   2,425 2,318     107  
    POWERSHARES INDIA ETF 2010-09 PURCHASE 2011-04   4,851 4,655     196  
    POWERSHARES INDIA ETF 2010-10 PURCHASE 2011-04   2,425 2,594     -169  
    STMICROELECTRONICS NY FNY REG SH 2011-01 PURCHASE 2011-04   5,655 5,864     -209  
    STMICROELECTRONICS NY FNY REG SH 2011-01 PURCHASE 2011-04   5,655 5,864     -209  
    COVIDIEN PLC NEW F 2010-12 PURCHASE 2011-05   11,358 8,655     2,703  
    COVIDIEN PLC NEW F 2010-12 PURCHASE 2011-05   5,679 4,309     1,370  
    ISHARES NASDAQ BIO FD 2010-11 PURCHASE 2011-08   9,510 8,809     701  
    DU PONT E I DE NEMOUR&CO 2010-10 PURCHASE 2011-09   9,260 8,885     375  
    DU PONT E I DE NEMOUR&CO 2010-10 PURCHASE 2011-09   9,260 9,261     -1  
    DU PONT E I DE NEMOUR&CO 2011-01 PURCHASE 2011-09   4,630 4,964     -334  
    SPDR RUSSELL/NOMURA SMALL CAP JAPAN 2011-02 PURCHASE 2011-09   8,496 9,133     -637  
    SPDR RUSSELL/NOMURA SMALL CAP JAPAN 2011-02 PURCHASE 2011-09   4,248 4,553     -305  
    INGRAM MICRO INC CL A 2011-03 PURCHASE 2011-09   1,767 2,095     -328  
    INGRAM MICRO INC CL A 2011-03 PURCHASE 2011-09   1,767 2,095     -328  
    INGRAM MICRO INC CL A 2011-04 PURCHASE 2011-09   5,302 6,456     -1,154  
    INTEL CORP 2011-01 PURCHASE 2011-09   4,372 4,238     134  
    INSMED INC NEW 2011-02 PURCHASE 2011-10   939 1,106     -167  
    INSMED INC NEW 2011-03 PURCHASE 2011-10   470 650     -180  
    INSMED INC NEW 2011-03 PURCHASE 2011-10   470 650     -180  
    HALLIBURTON CO 2006-11 PURCHASE 2011-01   11,859 9,735     2,124  
    MARKET VECTORS ETF TRUST 2008-04 PURCHASE 2011-01   10,014 9,998     16  
    MARKET VECTORS ETF TRUST 2008-04 PURCHASE 2011-01   5,007 4,999     8  
    EXXON MOBIL CORPORATION 2001-08 PURCHASE 2011-01   7,551 4,116     3,435  
    MATTHEWS PACIFIC TIGER FUND 2006-09 PURCHASE 2011-01   9,348 8,616     732  
    PENN WEST ENERGY TRUST FTRUST UNIT 2007-02 PURCHASE 2011-01   2,530 3,025     -495  
    MATTHEWS PACIFIC TIGER FUND 2006-09 PURCHASE 2011-01   2,337 2,154     183  
    MATTHEWS PACIFIC TIGER FUND 2006-09 PURCHASE 2011-01   7,258 6,977     281  
    MATTHEWS PACIFIC TIGER FUND 2006-10 PURCHASE 2011-01   5,627 5,542     85  
    SECTOR SPDR ENGY SELECT 2005-04 PURCHASE 2011-02   43,964 24,138     19,826  
    POWERSHARES INDIA ETF 2008-03 PURCHASE 2011-02   2,151 2,506     -355  
    MATTHEWS PACIFIC TIGER FUND 2006-10 PURCHASE 2011-02   19,529 19,458     71  
    MATTHEWS PACIFIC TIGER FUND 2006-12 PURCHASE 2011-02   2,621 2,749     -128  
    POWERSHARES INDIA ETF 2008-03 PURCHASE 2011-02   6,454 7,517     -1,063  
    CANADIAN OIL SANDS NEW FTRUST UNIT 2008-08 PURCHASE 2011-03   3,133 4,439     -1,306  
    CANADIAN OIL SANDS NEW FTRUST UNIT 2010-02 PURCHASE 2011-03   3,133 2,612     521  
    CANADIAN OIL SANDS NEW FTRUST UNIT 2010-02 PURCHASE 2011-03   6,267 5,218     1,049  
    CANADIAN OIL SANDS NEW FTRUST UNIT 2010-02 PURCHASE 2011-03   6,267 5,385     882  
    BIOTECH HOLDERS TRUST DEPOSITA 2010-01 PURCHASE 2011-03   10,316 10,142     174  
    POWERSHARES INDIA ETF 2010-03 PURCHASE 2011-04   2,425 2,135     290  
    POWERSHARES INDIA ETF 2010-03 PURCHASE 2011-04   2,425 2,187     238  
    CABOT OIL & GAS 2008-07 PURCHASE 2011-04   5,180 5,127     53  
    CABOT OIL & GAS 2008-07 PURCHASE 2011-04   10,361 10,252     109  
    CABOT OIL & GAS 2008-07 PURCHASE 2011-04   3,678 3,730     -52  
    CABOT OIL & GAS 2008-07 PURCHASE 2011-04   10,361 10,506     -145  
    CABOT OIL & GAS 2008-07 PURCHASE 2011-04   1,502 1,523     -21  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2001-01 PURCHASE 2011-04   10,683 17,581     -6,898  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2001-01 PURCHASE 2011-04   7,122 11,721     -4,599  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2001-01 PURCHASE 2011-04   10,959 17,581     -6,622  
    PENN WEST ENERGY TRUST FTRUST UNIT 2007-02 PURCHASE 2011-05   12,561 15,122     -2,561  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2001-01 PURCHASE 2011-06   13,142 23,442     -10,300  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2003-11 PURCHASE 2011-06   6,571 8,387     -1,816  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2003-11 PURCHASE 2011-07   6,881 8,387     -1,506  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2004-03 PURCHASE 2011-07   13,762 15,817     -2,055  
    INTEL CORP 2010-06 PURCHASE 2011-09   10,931 10,112     819  
    INTEL CORP 2010-06 PURCHASE 2011-09   4,372 4,083     289  
    INTEL CORP 2010-06 PURCHASE 2011-09   6,559 5,952     607  
    EL PASO CORPORATION 2008-03 PURCHASE 2011-10   9,126 8,269     857  
    INSMED INC NEW 2010-03 PURCHASE 2011-10   470 1,169     -699  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   94 182     -88  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   7 13     -6  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   47 91     -44  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   141 273     -132  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   58 113     -55  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   47 91     -44  
    INSMED INC NEW 2010-05 PURCHASE 2011-10   76 147     -71  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2004-12 PURCHASE 2011-10   5,996 6,488     -492  
    SEMICONDUCTOR HOLDERS TRDEPOSI 2004-12 PURCHASE 2011-10   8,994 9,732     -738  
    MATTHEWS PACIFIC TIGER FUND 2006-12 PURCHASE 2011-10   21,170 23,230     -2,060  
    MATTHEWS PACIFIC TIGER FUND 2006-12 PURCHASE 2011-12   2,596 3,021     -425  
    MATTHEWS PACIFIC TIGER FUND 2010-03 PURCHASE 2011-12   5,309 5,000     309  
    MATTHEWS PACIFIC TIGER FUND 2010-04 PURCHASE 2011-12   4,933 5,000     -67  
    MATTHEWS PACIFIC TIGER FUND 2010-09 PURCHASE 2011-12   2,792 3,000     -208  
    MATTHEWS PACIFIC TIGER FUND 2010-09 PURCHASE 2011-12   4,426 5,000     -574  
    BAYTEX ENERGY TRUST NEW 2006-09 PURCHASE 2011-12   12,746 5,042     7,704  
    BAYTEX ENERGY TRUST NEW 2007-01 PURCHASE 2011-12   17,844 5,865     11,979  
    HUMAN GENOME SCIENCES 2000-11 PURCHASE 2011-12   2,924 27,530     -24,606  
    HUMAN GENOME SCIENCES 2001-04 PURCHASE 2011-12   731 5,785     -5,054  
    HUMAN GENOME SCIENCES 2001-04 PURCHASE 2011-12   2,193 17,354     -15,161  
    HUMAN GENOME SCIENCES 2001-04 PURCHASE 2011-12   731 5,785     -5,054  
    HUMAN GENOME SCIENCES 2001-04 PURCHASE 2011-12   731 5,785     -5,054  

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORP BONDS HELD @ CHARLES SCHWAB 44,799  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCK HELD @ CHARLES SCHWA 1,927,219 1,961,701
    MUTUAL FUNDS HELD @ CHARLES SCHWAB 48,846 44,982
    DIVIDENDS RECEIVABLE 2,081 2,081

    TY 2011 InvestmentsLandSchedule2
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    IH 35 COMMERCIAL REAL ESTATE 990,408   990,408 1,500,547
    IH 35 COMMERCIAL REAL ESTATE 1,228,311   1,228,311 3,827,629
    4 A SCYPINSKI COMMERCIAL REAL EST 665,690   665,690 609,840
    70% INTEREST 8.46 A NW BLVD 266,666   266,666 386,944
    CAPITAL CITY .5 A 40,125   40,125 37,288
    WAHL 6.01 A IH 35 279,773   279,773 182,946

    TY 2011 InvestmentsOtherSchedule2
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OIL & GAS ROYALTY INTEREST AT COST 3,842 3,842
    MENDOZA LOAN AT COST 6,295 6,295

    TY 2011 LandEtcSchedule2
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    GRANT SOFTWARE 5,750 5,750    
    OFFICE EQUIPMENT 9,457 7,182 2,275 2,275
    STORAGE CONTAINER 2,309 2,277 32 32


    TY 2011 OtherAssetsSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ORGANIZATION COSTS 2,337 2,337  
    LESS ACCUMULATED AMORTIZATION -2,337 -2,337  


    TY 2011 OtherExpensesSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    MAINTENANCE 351 351    
    BUSINESS MEALS 321 161    
    INVESTMENT ADMIN EXPENSE 465 465    
    OFFICE SUPPLIES & EXP 2,620 786   1,834
    NON DEDUCTIBLE EXPENSE 5      


    TY 2011 OtherIncomeSchedule2
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HUGOTON TOYALTY TRUST 1,732 1,732  
    ENERGY PRO INC 3,602 3,602  
    SAN JUAN ROYALTY TRUST 438 438  
    LESS LEASE OPERATING EXPENSE -404 -404  


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BOARD MINUTES 250 75   175


    TY 2011 TaxesSchedule
    Name:
    W D KELLEY FOUNDATION
    EIN: 74-3007226
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAX 18,947 18,947    
    FOREIGN TAX WITHHELD 2,710 2,710    
    EXCISE TAX 142