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
CH FOUNDATION INC
 

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

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

(806) 239-7963
C bullet
D 1. bullet
H Check type of organization:
2. bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$161,864,047J 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 47,113 47,113  
4 Dividends and interest from securities...... 3,124,423 3,124,423  
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 2,808,376
b Gross sales price for all assets on line 6a 14,446,269
7 Capital gain net income (from Part IV, line 2)... 2,793,371
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 9,312,786 9,085,717  
12 Total. Add lines 1 through 11........ 15,292,698 15,050,624  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 141,600 14,160   127,440
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 10,832 1,083   9,749
16a Legal fees (attach schedule)......... Click to see attachment 480 48   432
b Accounting fees (attach schedule)....... Click to see attachment 23,205 2,321   20,884
c Other professional fees (attach schedule).... Click to see attachment 84,660 84,660    
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 1,217,923 987,945    
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,362,858 1,362,858  
20 Occupancy.............. 19,196 1,920   17,276
21 Travel, conferences, and meetings....... 19,222 9,611   9,611
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 65,894 51,890   14,004
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,945,870 2,516,496   199,396
25 Contributions, gifts, grants paid........ 6,977,349 6,977,349
26 Total expenses and disbursements. Add lines 24 and 25 9,923,219 2,516,496   7,176,745
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,369,479
b Net investment income (if negative, enter -0-) 12,534,128
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............... 663,667 830,845 830,845
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 113,901,543 Click to see attachment120,529,542 128,213,331
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet8,366,112
Less: accumulated depreciation (attach schedule) bullet8,122,007 301,255 Click to see attachment244,105 32,512,532
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment313,029 Click to see attachment307,339 Click to see attachment307,339
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 115,179,494 121,911,831 161,864,047
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 115,179,494 121,911,831
30 Total net assets or fund balances (see page 17 of the
instructions).................... 115,179,494 121,911,831
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 115,179,494 121,911,831
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)............... 1 115,179,494
2 Enter amount from Part I, line 27a..................... 2 5,369,479
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 1,362,858
4 Add lines 1, 2, and 3.......................... 4 121,911,831
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. 6 121,911,831
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 2,793,371
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 6,985,656 142,929,333 0.048875
2009 6,509,143 125,185,355 0.051996
2008 7,779,085 134,596,291 0.057796
2007 7,482,385 140,747,030 0.053162
2006 6,088,907 120,718,563 0.050439
2 Total of line 1, column (d) ...................... 2 0.262268
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 0.052454
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 160,995,666
5 Multiply line 4 by line 3....................... 5 8,444,867
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 125,341
7 Add lines 5 and 6......................... 7 8,570,208
8 Enter qualifying distributions from Part XII, line 4.............. 8 7,176,745
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 1 250,683
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............................ 3 250,683
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- ..... 5 250,683
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 205,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 35,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 240,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 84
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 10,767
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2012 estimated taxBullet0 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see page 19 of the
    instructions)bulletTX
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletWWW.CHFOUNDATIONLUBBOCK.COM
    14
    The books are in care ofbulletDON GRAF Telephone no.bullet (806) 792-0448
    Located atbullet4601 50TH STREETLUBBOCKTX ZIP+4bullet79414
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 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
    DON GRAFClick to see attachment EXEC DIR/SEC
    30.00     		70,800 0 0
    P O BOX 94038
    LUBBOCK,TX79493
    KAY SANFORDClick to see attachment PRES/ADMIN
    30.00     		70,800 0 0
    9307 QUINTON AVENUE
    LUBBOCK,TX79424
    KEVIN G MCMAHONClick to see attachment TREASURER
    1.00     		0 0 0
    4011 88TH PLACE
    LUBBOCK,TX79423
    KATHY GILBREATHClick to see attachment VICE PRESIDE
    1.00     		0 0 0
    4603 5TH STREET
    LUBBOCK,TX79416
    CAROL MCWHORTERClick to see attachment TRUSTEE
    1.00     		0 0 0
    3019 21ST STREET
    LUBBOCK,TX79410
    2 Compensation of five highest-paid employees (other than those included on line 1—see page 23 of the instructions).
    If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see page 23 of the instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (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
    132,867,636
    b
    Average of monthly cash balances.......................
    1b
    1,449,863
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    29,129,878
    d
    Total (add lines 1a, b, and c).........................
    1d
    163,447,377
    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
    163,447,377
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    2,451,711
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    160,995,666
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    8,049,783
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    8,049,783
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    250,683
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    250,683
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,799,100
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    7,799,100
    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
    7,799,100
    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
    7,176,745
    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
    7,176,745
    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
    7,176,745
    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 7,799,100
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 1,392,923
    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.......  
    e From 2010.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2011 from Part
    XII, line 4: bullet$ 7,176,745
    a Applied to 2010, but not more than line 2a 1,392,923
    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..... 5,783,822
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		2,015,278
    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 ......     		 
    10 Analysis of line 9:
    a Excess from 2007....  
    b Excess from 2008....  
    c Excess from 2009....  
    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).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    KAY SANFORD
    P O BOX 94038
    LUBBOCK,TX79493
    (806) 792-0448
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT REQUESTS SHOULD BE IN WRITING AND INCLUDE (1) A BRIEF BACKGROUND OF THE ORGANIZATION; (2) A DESCRIPTION OF THE PROPOSED PROJECT AND A CONCISE STATEMENT OF ITS OBJECTIVES AND GOALS; (3) AN EXPLANATION OF THE PROPOSED USE OF FUNDS; (4) A DETAILED BUDGET, OTHER SOURCES OF DOCUMENTS FROM INTERNAL REVENUE SERVICE SHOWING TAX EXEMPT STATUS; (5) A STATEMENT OF APPROVAL OF THE REQUEST SIGNED BY THE CHIEF ADMINISTRATOR AND THE CHAIRMAN OF THE BOARD AND THE NAME OF THE PRIMARY CONTACT PERSON FOR FOLLOW UP; (6) MOST RECENT FINANCIAL REPORT; AND (7) PLAN FOR SUSTAINING THE PROJECT AFTER GRANT FUNDS EXPIRE.
    cAny submission deadlines:
    MAY 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY RESTRICTED TO ORGANIZATIONS WHOSE SERVICES BENEFIT THE SOUTH PLAINS AREA OF TEXAS.
    Form 990-PF (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
    ACROSS THE STREET OUTREACH
    2002 60TH ST
    LUBBOCK,TX79412     		    STAFF FOR SUMMER LUNCH PROGRAM 5,104
    ALL SAINTS EPISCOPAL SCHOOL
    3222 103RD ST
    LUBBOCK,TX79423     		    SCHOLARSHIPS 85,000
    ALL SAINTS EPISCOPAL SCHOOL
    3222 103RD ST
    LUBBOCK,TX79423     		    CONSTRUCTION-PATIROT LEARNING CENTER 125,000
    AMERICAN CANCER SOCIETY
    3513 10TH ST
    LUBBOCK,TX79415     		    3RD OF 3 YRS. HOPE LODGE 500,000
    AMERICAN MUSEUM OF AGRICULTURE
    PO BOX 505
    LUBBOCK,TX79408     		    COMPLETION OF PHASE ONE OF BUILDING, 100,000
    AMBUCS CAPROCK CHAPTER
    PO BOX 93871
    LUBBOCK,TX79493     		    AMTRYKE THERAPEUTIC TRICYCLE PROGRAM 5,000
    ARCS FOUNDATION INC
    PO BOX 94206
    LUBBOCK,TX79493     		    SCHOLARSHIPS; TRAVEL TO ARCS LIGHT A 21,000
    ASSIST HUMAN NEEDS
    1218 14TH ST
    LUBBOCK,TX79401     		    UNMET CLIENT NEEDS 5,000
    BALLET LUBBOCK
    5702 GENOA AVE
    LUBBOCK,TX79424     		    NUTCRACKER, CINDERELLA, MARLEY PERFO 76,991
    BIG BROTHERS BIG SISTERS
    1409 19TH ST
    LUBBOCK,TX79401     		    MENTORING CHILDREN OF PRISONERS IN L 50,000
    BOY SCOUTS - SP COUNCIL
    30 BRIERCROFT OFFICE PK
    LUBBOCK,TX79412     		    1ST OF 3 YEARS; SCOUTING IN TITLE ON 12,010
    BREEDLOVE FOODS INC
    1818 N MLK JR BLVD
    LUBBOCK,TX79403     		    ASSISTANCE W/ NEW PACKAGING LINE 50,000
    BRIDGE OF LUBBOCK
    PO BOX 667
    LUBBOCK,TX79408     		    OPERATING SUPPORT 26,050
    BROWNFIELD SENIOR CITIZENS CTR
    PO BOX 1021BROWNFIELD TX
    LUBBOCK,TX79316     		    PURCHASE OF FOOD SUPPLIES FOR SENIOR 10,000
    CITY OF LUBBOCK
    PO BOX 2000
    LUBBOCK,TX79457     		    5TH OF 5 YEARS - CONFERENCE CENTER 500,000
    COCHRAN COUNTY SR CITIZENS INC
    120 W WILSON
    MORTON,TX79346     		    AUTOMATIC DOOR OPENER FOR FRONT DOOR 2,500
    COLLEGE BASEBALL FOUNDATION
    1517 TEXAS AVE
    LUBBOCK,TX79401     		    OPERATING SUPPORT 50,000
    CONFERENCE OF SW FOUNDATIONS
    DALLAS
    DALLAS,TX75204     		    OPERATING SUPPORT 3,500
    CORE KNOWLEDGE CENTER
    5601 19TH
    LUBBOCK,TX79407     		    SPECIAL CLASSROOM PRESENTATIONS 12,200
    CORE KNOWLEDGE CENTER
    5601 19TH
    LUBBOCK,TX79407     		    ESTACADO HIGH SCHOOL SUPPORT 7,060
    COURT APPOINTED SPECIAL ADVOCATES C
    24 BRIERCROFT OFF PK
    LUBBOCK,TX79412     		    CASA: VOLUNTEER RECRUITMENT SPECIAL 25,000
    COVENANT HEALTH SYSTEM FD
    3623 22ND PLACE
    LUBBOCK,TX79410     		    1ST OF 2 YEARS; CARDIAC CATHETERIZAT 203,289
    EARLY LEARNING CENTERS
    1639 MAIN ST
    LUBBOCK,TX79401     		    CHILD CARE FOR WORKING PARENTS 125,000
    EARLY LEARNING CENTERS
    1639 MAIN ST
    LUBBOCK,TX79401     		    PROFESSIONAL DEVELOPMENT FOR ADMINIS 8,000
    FAMILY GUIDANCE & OUTREACH CTR
    5 BRIERCROFT OFFICE PK
    LUBBOCK,TX79412     		    VARIOUS PARENTING CLASS NEEDS; PART- 10,953
    FAMILY PROMISE OF LUBBOCK
    PO BOX 1258
    LUBBOCK,TX79408     		    PARTIAL SALARY AND BENEFITS FOR CASE 25,000
    FIRST UNITED METHODIST CHURCH
    1411 BROADWAY
    LUBBOCK,TX79401     		    VIENNA BOYS CHOIR CONCERT 10,000
    FLATLANDS DANCE THEATRE
    PO BOX 93001
    LUBBOCK,TX79493     		    PROFESSIONAL DANCE TROUPE - SUPPLIES 5,000
    FRESH ANOINTING FAMILY LIFE MINISTR
    BOX 985
    HALE CENTER,TX79041     		    HALE CENTER - PROGRAMMING - HJF FUND 2,400
    FRIENDS OF SILVERTON LIBRARY
    PO BOX 233
    SILVERTON,TX79257     		    RENOVATION OF BUILDING FOR NEW LIBRA 18,905
    GIRL SCOUTS
    2567 74TH ST
    LUBBOCK,TX79423     		    OPERATING SUPPORT 15,000
    GOODWILL REVISED CONNECT FOR SUCCES
    715 28TH ST
    LUBBOCK,TX79404     		    BASIC & ADVANCED COMPUTER TRAINING 129,061
    GOODWILL RURAL PLACEMENT COORD
    715 28TH ST
    LUBBOCK,TX79404     		    PERSONNEL IN WOLFFORTH AND LEVELLAND 43,992
    GUADALUPE-PARKWAY CENTERS
    405 N MLK JR BLVD
    LUBBOCK,TX79403     		    SUMMER BLAST 2011; MADISON PARK HOUS 99,879
    I-20 WILDLIFE PRESERVE
    BOX 11250
    MIDLAND,TX79702     		    STAFF SALARIES, STUDENT STIPEND, PRO 5,000
    JUNIOR LEAGUE OF LUBBOCK
    4205 84TH ST
    LUBBOCK,TX79423     		    FOOD 2 KIDS PROGRAM 25,000
    LEGAL AID SOCIETY OF LUBBOCK
    916 MAIN STE 103
    LUBBOCK,TX79401     		    ASSISTANCE WTH FULL-TIME PARALEGAL 25,000
    LITERACY LUBBOCK
    1306 9TH ST
    LUBBOCK,TX79401     		    SALARY & BENEFITS-VOLUNTEER DIRECTOR 37,000
    LLANO ESTACADO SILVER STAR BOARD
    PO BOX 93457
    LUBBOCK,TX79463     		    EMERGENCY NEEDS OF ADULT PROTECTIVE 6,000
    LUBBOCK AREA FOUNDATION
    2509 80TH ST
    LUBBOCK,TX79423     		    FUNDING INFORMATION LIBRARY 21,500
    LUBBOCK AREA FOUNDATION
    2509 80TH ST
    LUBBOCK,TX79423     		    REGIONAL AFFILIATES PROGRAM 57,000
    LUBBOCK AREA UNITED WAY
    1655 MAIN STE 101
    LUBBOCK,TX79401     		    ANNUAL CAMPAIGN 110,000
    LUBBOCK AREA UNITED WAY
    1655 MAIN STE 101
    LUBBOCK,TX79401     		    ANNUAL CAMPAIGN TO MEET COMMUNITY GO 10,000
    LUBBOCK AREA UNITED WAY
    1655 MAIN STE 101
    LUBBOCK,TX79401     		    2ND OF 5 YRS (2010-2014) OPERATING E 172,564
    LUBBOCK ARTS FESTIVAL
    PO BOX 5092
    LUBBOCK,TX79408     		    34TH ANNUAL FESTIVAL APRIL 12-15, 20 27,000
    LUBBOCK'S CULTURAL DISTRICT
    PO BOX 5092
    LUBBOCK,TX79408     		    CONTINUED MARKETING CAMPAIGN 10,000
    LUBBOCK CENTRO AZTLANFOLKLORICO
    6134 39TH ST
    LUBBOCK,TX79407     		    PROFESSIONAL MARIACHI CONCERT 8,000
    LUBBOCK CHILDREN'S HEALTH CLINIC
    PO BOX 12103
    LUBBOCK,TX79452     		    PARTIAL SALARIES & ELECTRONIC HEALTH 79,619
    LUBBOCK CHORALE
    PMB 303 5815 82ND 145
    LUBBOCK,TX79424     		    MASTERWORKS; ANNUAL HOLIDAY POPS; WE 20,000
    LUBBOCK CHRISTIAN UNIVERSITY
    5601 19TH ST
    LUBBOCK,TX79407     		    RENOVATION OF MOTOR POOL INTO ART CO 95,000
    LUBBOCK COMMUNITY THEATRE
    4232 BOSTON AVE
    LUBBOCK,TX79413     		    GUEST ARTISTS; MARKETING; ASSISTANCE 30,000
    LUBBOCK HABITAT FOR HUMANITY
    PO BOX 209
    LUBBOCK,TX79408     		    CONSTRUCTION OF HOME DURING "RAIDER 35,000
    LISD ADVANCED PLACEMENT PROGRAM
    1628 19TH ST
    LUBBOCK,TX79401     		    2ND OF 3 YRS. ADVANCED PLACEMENT TRA 167,892
    LISD ADVANCED PLACEMENT EXAM FEES
    1628 19TH ST
    LUBBOCK,TX79401     		    FUNDING FOR A PORTION OF THE COST OF 50,000
    ALL LISD MARCHING BAND
    1628 19TH ST
    LUBBOCK,TX79401     		    ALL LISD BAND TO ROSE BOWL PARADE 50,000
    LISD SUPT NATIONAL MERIT SCHOLARS
    1628 19TH ST
    LUBBOCK,TX79401     		    SCHOLARSHIPS 3,000
    LUBBOCK MEALS ON WHEELS
    2304 34TH ST
    LUBBOCK,TX79411     		    RENOVATION OF KITCHEN & LAUNDRY/UTIL 15,000
    LUBBOCK MEMORIAL ARBORETUM FD
    PO BOX 93446
    LUBBOCK,TX79493     		    REPAIRS TO GARDEN ENTRANCE; WHACKER 26,700
    LUBBOCK MOONLIGHT MUSICALS
    PO BOX 93522
    LUBBOCK,TX79493     		    2012 SUMMER SEASON 75,000
    LUBBOCK MOONLIGHT MUSICALS
    PO BOX 93522
    LUBBOCK,TX79493     		    DINNER THEATRE SEASON 35,000
    LUBBOCK ROOTS HISTORICAL ARTS
    PO BOX 3571
    LUBBOCK,TX79452     		    RENOVATION OF CAVIEL FAMILY PROPERTY 70,142
    LUBBOCK SYMPHONY GUILD
    3005 80TH ST
    LUBBOCK,TX79423     		    TX ASSOCIATION FOR SYMPHONY ORCHESTR 5,000
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVENUE K
    LUBBOCK,TX79401     		    MASTERWORKS; EDUCATIONAL CONCERTS; C 100,000
    LUBBOCK UNITED NEIGHBORHOOD ASSN
    1706 23RD STE 104
    LUBBOCK,TX79411     		    OPERATING SUPPORT 20,000
    LUTHERAN SOCIAL SERVICES
    1318 BROADWAY
    LUBBOCK,TX79401     		    MEDICAL SUPPLIES FOR CLIENTS WITH HY 10,000
    MORRIS SAFE HOUSE FOUNDATION
    3240 NIGHTINGALE RD
    LUBBOCK,TX79407     		    PRENTATIVE MEDICAL CARE FOR RESCUED 5,000
    NATIONAL COWBOY SYMPOSIUM
    PO BOX 6638
    LUBBOCK,TX79493     		    23RD ANNUAL CELEBRATION - SEPT. 8-10 8,500
    100 BLACK MEN OF WEST TX
    6102 PRIVATE RD 6470
    LUBBOCK,TX79416     		    3RD OF 3 YRS. - TAKS INCENTIVES 29,476
    PARENTING COTTAGE
    3818 50TH ST
    LUBBOCK,TX79413     		    OPERATING SUPPORT 25,000
    PARENTING COTTAGE
    3813 50TH ST
    LUBBOCK,TX79413     		    2ND OF 2 YRS. - MATCHING FOR STATE C 26,465
    PEP HIGH SCHOOL
    PO BOX 394 PEP TX
    LUBBOCK,TX79353     		    UPDATED RED CROSS MATERIALS, 3 LAPTO 5,000
    RECORDING LIBRARY OF WEST TEXAS
    2012 W CUTHBERTMIDLAND
    LUBBOCK,TX79701     		    MIDLAND - GENERAL OPERATING EXPENSES 8,000
    REFUGE SERVICES
    PO BOX 53684
    LUBBOCK,TX79453     		    EQUINE-ASSISTED PSYCHOTHERAPY SCHOLA 21,050
    RONALD MCDONALD HOUSE
    3413 10TH ST
    LUBBOCK,TX79415     		    RENOVATION OF 2 BATH AREAS 15,000
    SALVATION ARMY - LUBBOCK
    PO BOX 2785
    LUBBOCK,TX79408     		    1ST OF 3 YRS. - RED SHIELD TRANSITIO 50,000
    SANTA FE OPERA
    PO BOX 2408SANTA FE NM
    SANTA FE,NM87504     		    2ND OF 2 YRS. - APPRENTICE TOUR IN 5,000
    SCHOLARS INC
    6102 PRIVATE RD 6470
    LUBBOCK,TX79416     		    LEADERSHIP PROGRAM FOR SUCCESSFUL "C 15,000
    SCIENCE SPECTRUM
    2579 S LOOP 289 250
    LUBBOCK,TX79423     		    ASSIST W/ EXHIBIT, DA VIINCI-THE GEN 35,000
    SILENT WINGS MUSEUM FD
    PO BOX 98066
    LUBBOCK,TX79499     		    VETERAN'S DAY; COLLECTIONS PRESERVAT 28,000
    SOUTH PLAINS COLLEGE FD
    1401 S COLLEGE
    LUBBOCK,TX79336     		    INPACT SCHOLARSHIPS; TITLE V ENDOWME 60,000
    SOUTH PLAINS COLLEGE FD
    1401 S COLLEGE
    LUBBOCK,TX79336     		    1ST OF 3 YEARS; RETAIN NURSING PROGR 60,000
    SOUTH PLAINS FOOD BANK
    4612 LOCUST AVE
    LUBBOCK,TX79404     		    MOBILE PANTRY FOOD; JOHN DEERE TRACT 78,919
    SPIRIT RANCH
    PO BOX 53667
    LUBBOCK,TX79453     		    IGNITEPROGRAM FOR AT-RISK 8TH GRADER 97,000
    SUPPORTERS OF THE FINE ARTS (SOFA)
    PO BOX 53005
    LUBBOCK,TX79453     		    EXHIBITS & PROGRAMMING AT BUDDY HOLL 38,800
    SUSAN G KOMEN FOR THE CURE
    7412 UNIVERSITY 2
    LUBBOCK,TX79423     		    RACE FOR THE CURE 20,000
    TX INTERSCHOLASTIC LEAGUE FD(TILF)
    BOX 8028 AUSTIN TX
    LUBBOCK,TX78713     		    SCHOLARSHIPS: LUBBOCK, COCHRAN, HOCK 71,775
    TX SCOTTISH RITE HOSPITAL FOR CHILD
    2222 WELBORN STDALLAS
    LUBBOCK,TX75219     		    ASSIST W/ COSTS OF PAVLIK HARNESSES 15,000
    TOWN OF RANSOM CANYON
    24 LEE KITCHENS DRIVE
    LUBBOCK,TX79366     		    RENOVATION & BOOKS FOR CHILDREN'S LI 30,000
    UNDERWOOD CENTER FOR THE ARTS
    511 AVENUE K
    LUBBOCK,TX79401     		    1ST OF 2 YRS; NEW POSITION OF DEVELO 80,000
    US GREEN BLDG COUNCILWEST TX
    PO BOX 94873
    LUBBOCK,TX79493     		    ASSIST W/ EXPENSES OF ANNUAL "SPRING 5,000
    VOLUNTEER CENTER OF LUBBOCK
    1706 23RD STE 201
    LUBBOCK,TX79411     		    LUBBOCK AREA YOUTH CONNECTION PROGRA 77,770
    VOLUNTEER CENTER OF LUBBOCK
    1706 23RD STE 201
    LUBBOCK,TX79411     		    RURAL YOUTH CONNECTION PROGRAMMING 66,250
    WAYLAND BAPTIST UNIVERSITY
    801 N QUAKER
    LUBBOCK,TX79416     		    FURNITURE FOR LUBBOCK CAMPUS FRONT F 7,000
    WOMEN'S PROTECTIVE SERVICES
    PO BOX 54089
    LUBBOCK,TX79453     		    OPERATING SUPPORT; 27-COMPUTER NETWO 50,000
    YWCA MAIN FACILITY
    3101 35TH ST
    LUBBOCK,TX79413     		    RENOVATION OF EXTERIOR OF & COMPLEX 112,000
    YW-CARE
    3101 35TH ST
    LUBBOCK,TX79413     		    SCHOLARSHIPS FOR SPECIAL-NEEDS CHILD 30,000
    YW BREAST & CERVICAL HEALTH INITIAT
    3101 35TH ST
    LUBBOCK,TX79413     		    DIRECT CLIENT CARE SERVICES 40,000
    YWCA Y CORPS
    3101 35TH ST
    LUBBOCK,TX79413     		    FORMERLY YOUTH CORPS/LEADERS IN TRAI 15,000
    TTU THERAPEUTIC RIDING CENTER
    BOX 42123
    LUBBOCK,TX79409     		    SCHOLARSHIPS - RIDERSHIP PROGRAM 49,200
    TTU THERAPEUTIC RIDING CENTER
    BOX 42123
    LUBBOCK,TX79409     		    NEW ARENA CHALLENGE 50,000
    COLLEGE OF ARCHITECTURE
    BOX 42091
    LUBBOCK,TX79409     		    RENT - URBAN DESIGN CENTER AT LHUCA 6,667
    TTUDEPT OF MATHEMATICS & STATISTIC
    BOX 41042
    LUBBOCK,TX79409     		    2012 TX PREP LUBBOCK 7-11TH GRADERS 15,000
    RAWLS CAPITAL CAMPAIGN
    BOX 42101
    LUBBOCK,TX79409     		    NEW BUILDING 250,000
    RAWLS WORLD ENERGY PROJECT
    BOX 42101
    LUBBOCK,TX79409     		    ENERGY COMMERCE STUDENTS 100,000
    BURKHART CENTER
    BOX 41071
    LUBBOCK,TX79409     		    PARENT INFORMATION CALL-IN 110,000
    HS PERSONAL FINANCIAL PLANNING
    BOX 41210
    LUBBOCK,TX79409     		    ENDOWED CHAIR - PERSONAL FINANCIAL 300,000
    HS PERSONAL FINANCIAL PLANNING
    BOX 41210
    LUBBOCK,TX79409     		    GRADUATE STUDENT MANAGED PORTFOLIO 50,000
    TTU DEPT OF THEATRE & DANCE
    BOX 42016
    LUBBOCK,TX79409     		    TALENT-BASED SCHOLARSHIPS 20,000
    TTU SCHOOL OF MUSIC
    BOX 42033
    LUBBOCK,TX79409     		    TALENT-BASED SCHOLARHIPS 30,000
    TTU SCHOOL OF ART
    BOX 42081
    LUBBOCK,TX79409     		    LANDMARK ARTS GALLERIES AND PROGRAMM 10,000
    GRADUATE SCHOOL
    BOX 41030
    LUBBOCK,TX79409     		    CHF DOCTORAL FELLOWSHIP ENDOWMENT 250,000
    INSTITUTE-ENIRON & HUMAN HEALTH
    BOX 41163
    LUBBOCK,TX79409     		    VALUE-ADDED COTTON PRODUCTS RESEARCH 55,000
    INTERNATIONAL CULTURAL CENTER
    BOX 41036
    LUBBOCK,TX79409     		    EXHIBITS, GUEST SPEAKERS, PROGRAMMIN 20,000
    KOHM-FM
    BOX 45891
    LUBBOCK,TX79409     		    FILE SERVER UPGRADE 16,760
    KTXT-TV
    BOX 42161
    LUBBOCK,TX79409     		    NIGHTLY BUSINESS REPORT AND NATURE 10,000
    KTXT-TV
    BOX 42161
    LUBBOCK,TX79409     		    QUALITY LOCAL & TTU PROGRAMMING 31,018
    MUSEUM OF TTU ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		    MEMORIES OF WWII EXHIBIT 29,000
    MUSEUM OF TTU ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		    DOCENT PROGRAM 35,200
    MUSEUM OF TTU ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		    OPERATING CHALLENGE MATCH 24,000
    MUSEUM OF TTU ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		    WEDDING DRESS EXHIBIT RECEPTION 10,000
    RANCHING HERITAGE ASSOCIATION
    BOX 43201
    LUBBOCK,TX79409     		    VIENTO - BOOK - EVOLUTION OF WIND TU 25,850
    ANGELO STATE UNIVERSITY
    ASU 11023
    LUBBOCK,TX76909     		    EXCELLENCE IN WEST TEXAS PROGRAM 40,000
    SCHOOL OF PHARMACY
    PO BOX MS 6551
    LUBBOCK,TX76430     		    ESTABLISH CHF ENDOWED SCHOLARSHIP 25,000
    SCHOOL OF MEDICINE
    PO BOX MS 6551
    LUBBOCK,TX79430     		    COLLABORATIVE RESEARCH - MUTAGENSIS 75,000
    DEPARTMENT OF SURGERY
    PO BOX MS 8312
    LUBBOCK,TX79430     		    DIABETIC WOUND RESEARCH 75,000
    SCHOOL OF MEDICINE
    PO BOX MS 8103
    LUBBOCK,TX79430     		    CHF ENDOWMENT OF ETHICS, HUMANITIES 25,000
    DEPT OF INTERNAL MEDICINE
    PO BOX MS 9410
    LUBBOCK,TX79430     		    DRUG RESEARCH FOR MULTIPLE MYELOMA 239,338
    Total .................................bullet 3a 6,977,349
    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     14 47,113  
    4 Dividends and interest from securities....     14 3,124,423  
    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.....     15 9,085,717  
    8Gain or (loss) from sales of assets other than inventory     18 2,793,371 15,005
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aMALLET RANCH - CROP SALES     16 99,240  
    bMALLET RANCH-GRASS LEASES     16 9,071  
    cMALLET RANCH-DAMAGES     16 28,258  
    dMALLET RANCH-SURFACE RENTAL     16 6,289  
    eMALLET RANCH-PATRONAGE DIV     16 9,568  
    fMALLET RANCH - CROP INS PRO     16 150  
    gDEVITT-JONES FARM-GRASS LEA     16 1,033  
    hOTHER INCOME     16 200  
    iOIL LEASE BONUS     16 20,115  
    j12B-1 FEES         53,145
    12 Subtotal. Add columns (b), (d), and (e)..   15,224,548 68,150
    13Total. Add line 12, columns (b), (d), and (e)..................
    1315,292,698
    (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:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 23,205 2,321   20,884

    TY 2011 CompensationExplanation
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Person Name Explanation
    DON GRAF  
    KAY SANFORD  
    KEVIN G MCMAHON  
    KATHY GILBREATH  
    CAROL MCWHORTER  

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

    TY 2011 DepreciationSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DEPRECIATION   8,088 8,088 MACRS SL CLASS LIFE 7.0000        

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

    TY 2011 GainLossSaleOtherAssetsSch
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    TIFF - US EQUITY FUND 2005-01 PURCHASE 2011-04   7,621,698 7,946,341     -324,643  
    BLACKROCK - EQUITY INDEX FUND B 2005-01 PURCHASE 2011-12   3,000,000 2,807,528     192,472  
    BLACKROCK - EQUITY INDEX FUND 2005-01 PURCHASE 2011-11   11,689 11,222     467  
    BLACKROCK - MID CAP ALPHA TILTS 2005-01 PURCHASE 2011-12   1,000,000 854,066     145,934  
    BLACKROCK - MID CAP ALPHA TILTS 2005-01 PURCHASE 2011-11   8,913 7,614     1,299  
    BLACKROCK - RUSSELL 2000 INDEX 2005-01 PURCHASE 2011-11   10,598 11,122     -524  

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US SMALL CAP VALUE PORTFOLIO 4,368,785 4,105,242
    DFA INTL SMALL CAP VALUE PORTFOLIO 3,946,719 3,296,160
    EMERGING MARKETS VALUE PORTFOLIO 8,012,020 7,020,262
    PRIVATE ADVISORS STABLE VALUE FUND 4,500,000 5,605,117
    WASHINGTON MUTUAL INVESTORS FD 7,148,898 7,518,341
    PIMCO REAL RETURN FUND 6,640,681 6,976,957
    PIMCO DIVERSIFIED INCOME FUND 6,192,981 6,384,373
    POINTER OFFSHORE, LTD 4,500,000 7,900,557
    TIFF US EQUITY FUND    
    EUROPACIFIC GROWTH FUND 12,570,166 13,362,948
    BLACKROCK EQUITY INDEX FUND 25,032,196 26,284,124
    BLACKROCK MID CAP INDEX FUND 9,276,815 9,796,939
    BLACKROCK RUSSELL 2000 INDEX FUND 9,190,967 10,470,627
    PIMMCO TOTAL RETURN FUND 15,790,704 15,725,107
    FIDELITY REAL ESTATE HIGH INCOME FUN 3,358,610 3,766,577

    TY 2011 InvestmentsLandSchedule2
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    MALLET RANCH-LAND & IMPROVEMENTS 355,486 138,126 217,360 362,779
    DEVITT JONES FARM-LAND & IMPROVEMENT 29,866 3,121 26,745 29,866
    OFFICE EQUIPMENT 7,817 7,817   1,000
    MINERAL INTERESTS 7,972,943 7,972,943   32,118,887

    TY 2011 LegalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 480      


    TY 2011 OtherAssetsSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCOUNTS RECEIVABLE-OIL RUNS 37,545 37,545 37,545
    ACCOUNTS RECEIVABLE-SWEEP INCOME 1,387 1,387 1,387
    INVESTMENT IN MALLET RANCH 248,659 254,576 254,576
    INVESTMENT IN DEVITT-JONES FARM 25,438 13,831 13,831
    ACCOUNTS RECEIVABLE-OTHER      


    TY 2011 OtherExpensesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    CONTRACT LABOR 3,856 386   3,470
    INSURANCE 5,221 522   4,699
    OFFICE SUPPLIES/EXPENSE 6,181 618   5,563
    MEALS AND ENTERTAINMENT 302 30   272
    MALLET RANCH-RANCH SURVELLANC 60 60    
    MALLET RANCH-PAYROLL 10,890 10,890    
    MALLET RANCH - PAYROLL TAXES 853 853    
    MALLET RANCH - PROFESSIONAL F 17,394 17,394    
    MALLET RANCH-CHEMICALS 4,487 4,487    
    MALLET RANCH - SUPPLIES 844 844    
    MALLET RANCH-REPAIRS 447 447    
    MALLET RANCH-TELEPHONE 135 135    
    MALLET RANCH-AUTO EXPENSE 497 497    
    MALLET RANCH-INSURANCE 1,615 1,615    
    MALLET RANCH-MEALS 11 11    
    MALLET RANCH-DEPRECIATION 4,942 4,942    
    MALLET RANCH-MISCELLANEOUS 95 95    
    MALLET RANCH - AREA PRODUCTIO 5,184 5,184    
    DEVITT JONES FARM-INSURANCE 400 400    
    DEVITT JONES FARM - PROFESSIO 2,335 2,335    
    DEVITT JONES FARM-DEPRECIATIO 133 133    
    DEVITT JONES FARM-MISCELLANEO 12 12    


    TY 2011 OtherIncomeSchedule2
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 9,085,717 9,085,717  
    MALLET RANCH - CROP SALES 99,240    
    MALLET RANCH-GRASS LEASES 9,071    
    MALLET RANCH-DAMAGES 28,258    
    MALLET RANCH-SURFACE RENTALS 6,289    
    MALLET RANCH-PATRONAGE DIV 9,568    
    MALLET RANCH - CROP INS PRO 150    
    DEVITT-JONES FARM-GRASS LEASE 1,033    
    OTHER INCOME 200    
    OIL LEASE BONUS 20,115    
    12B-1 FEES 53,145    


    TY 2011 OtherIncreasesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Amount
    PREFERENCE DEPLETION 1,362,858


    TY 2011 OtherLiabilitiesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value
    EXCISE TAX PAYABLE    


    TY 2011 OtherProfessionalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OIL & GAS CONSULTING 13,000 13,000    
    INVESTMENT FEES 33,555 33,555    
    ADVISORY FEES 38,105 38,105    


    TY 2011 TaxesSchedule
    Name:
    CH FOUNDATION INC
    EIN: 75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 229,964      
    OIL & GAS SEVERANCE TAXES 400,354 400,354    
    PROPERTY TAXES 587,591 587,591    
    FOREIGN TAXES WITHHELD 14