Form990-PF
Click to see attachment

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
William M Weaver Foundation
 

Number and street (or P.O. box number if mail is not delivered to street address)2651 JBS Parkway Bldg 4 Ste E   Room/suite
City or town, state, and ZIP code
Odessa, TX79762
A Employer identification number

30-0140386
B Telephone number (see page 10 of the instructions)

(432) 367-8910
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$11,502,540J 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 2,783 2,783 2,783
4 Dividends and interest from securities...... 324,612 324,612 324,612
5a Gross rents.............. 225,558 225,558 225,558
b Net rental income or (loss) 178,744
6a Net gain or (loss) from sale of assets not on line 10 151,557
b Gross sales price for all assets on line 6a 4,467,358
7 Capital gain net income (from Part IV, line 2)... 151,557
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 660,287 660,287 660,287
12 Total. Add lines 1 through 11........ 1,364,797 1,364,797 1,213,240
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 101,118      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,751 6,751 6,751  
b Accounting fees (attach schedule)....... Click to see attachment 1,925 963 963 963
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see page 14 of the instructions) Click to see attachment 17,036 3,518 3,518  
19 Depreciation (attach schedule) and depletion... Click to see attachment 7,569 7,569  
20 Occupancy.............. 6,869      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 46,194 46,194 6,949 6,949
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 187,462 64,995 18,181 7,912
25 Contributions, gifts, grants paid........ 302,219 302,219
26 Total expenses and disbursements. Add lines 24 and 25 489,681 64,995 18,181 310,131
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 875,116
b Net investment income (if negative, enter -0-) 1,299,802
c Adjusted net income (if negative, enter -0-)... 1,195,059
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............... 2,091    
2 Savings and temporary cash investments.......... 489,124 762,148 762,148
3 Accounts receivable bullet3,934
Less: allowance for doubtful accounts bullet     3,934 3,934
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   1,213    
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule) 3,343,192 Click to see attachment2,499,396 2,571,402
b Investments—corporate stock (attach schedule)........ 3,298,655 Click to see attachment4,195,826 4,681,646
c Investments—corporate bonds (attach schedule)........ 852,202 Click to see attachment1,473,644 1,457,851
11 Investments—land, buildings, and equipment: basis bullet1,723,553
Less: accumulated depreciation (attach schedule) bullet144,512 1,593,559 Click to see attachment1,579,041 2,025,559
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 70,573 Click to see attachment71,249  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 9,650,609 10,585,238 11,502,540
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......... 9,650,609 10,585,238
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 9,650,609 10,585,238
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 9,650,609 10,585,238
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 9,650,609
2 Enter amount from Part I, line 27a..................... 2 875,116
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 59,513
4 Add lines 1, 2, and 3.......................... 4 10,585,238
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 10,585,238
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.)
1 a 72 ACE LMTD P 2011-08-26 2011-10-25
b 24 ACE LMTD P 2011-08-08 2011-10-25
c 110 ACE LMTD P 2011-05-23 2011-10-25
d 26 ACE LMTD P 2011-04-13 2011-10-25
e 195 ACE LMTD P 2010-05-20 2011-10-25
1117 ACE LMTD P 2010-04-15 2011-10-25
88 ACE LMTD P 2011-04-13 2011-05-09
66 WASTE MGMT INC P 2011-05-23 2011-08-26
95 WASTE MGMT INC P 2011-05-09 2011-08-26
112.0005 VODAFONE GROUP-SP ADR NEW P 2011-05-09 2011-08-08
119.9995 VODAFONE GROUP-SP ADR NEW P 2011-05-09 2011-08-08
130 VF CORPORATION P 2011-05-23 2011-07-27
65 VF CORPORATION P 2011-05-09 2011-07-27
96 VF CORPORATION P 2010-11-19 2011-07-27
841 VF CORPORATION P 2010-07-20 2011-07-27
175000 UNITED TECHNOLOGIES P 2010-06-18 2011-12-16
94.9998 3M CO P 2011-05-23 2011-08-08
40.0002 3M CO P 2011-05-23 2011-08-08
39 3M CO P 2011-05-09 2011-08-08
297 TAIWAN SEMICONDUCTOR MFG CO LTD P 2009-12-08 2011-05-09
200000 SANGAMON CNTY ILL P 2010-11-16 2011-05-05
37 PETROCHINA COMPANY LIMITED P 2011-05-23 2011-10-04
39 PETROCHINA COMPANY LIMITED P 2011-08-26 2011-10-04
83 PETROCHINA COMPANY LIMITED P 2011-05-23 2011-10-04
249 PETROCHINA COMPANY LIMITED P 2010-05-20 2011-10-04
104 PETROCHINA COMPANY LIMITED P 2009-12-08 2011-10-04
80 PETROCHINA COMPANY LIMITED P 2009-11-17 2011-10-04
108 PETROCHINA COMPANY LIMITED P 2009-09-23 2011-10-04
37 PETROCHINA COMPANY LIMITED P 2011-05-23 2011-08-08
31 NORFOLK SOUTHERN CORP P 2011-05-23 2011-12-12
102 NORFOLK SOUTHERN CORP P 2011-08-26 2011-12-12
111 NORFOLK SOUTHERN CORP P 2011-05-23 2011-12-12
321 NORFOLK SOUTHERN CORP P 2009-12-08 2011-12-12
121 NORFOLK SOUTHERN CORP P 2009-11-17 2011-12-12
372 NORFOLK SOUTHERN CORP P 2009-10-23 2011-12-12
419 NORFOLK SOUTHERN CORP P 2009-09-23 2011-12-12
31 NORFOLK SOUTHERN CORP P 2011-05-23 2011-08-08
41 NORFOLK SOUTHERN CORP P 2009-11-17 2011-05-09
84 NORFOLK SOUTHERN CORP P 2011-04-13 2011-05-09
189 NYSE EURONEXT INC P 2010-11-19 2011-04-01
1184 NYSE EURONEXT INC P 2009-12-08 2011-04-01
1142 NYSE EURONEXT INC P 2009-11-17 2011-04-01
455 NYSE EURONEXT INC P 2009-09-23 2011-04-01
129 MICROSOFT CORP P 2009-12-08 2011-08-08
123.99 MICROSOFT CORP P 2009-11-17 2011-08-08
373 MICROSOFT CORP P 2009-11-17 2011-08-08
439 MEDTRONIC P 2011-08-08 2011-08-23
245 MEDTRONIC P 2011-05-23 2011-08-23
33 MEDTRONIC P 2011-05-09 2011-08-23
512 MEDTRONIC P 2010-11-19 2011-08-23
108 MEDTRONIC P 2010-05-20 2011-08-23
18 MEDTRONIC P 2009-12-08 2011-08-23
404 MEDTRONIC P 2009-11-17 2011-08-23
520 MEDTRONIC P 2009-10-23 2011-08-23
513 MEDTRONIC P 2009-09-23 2011-08-23
24 MCDONALDS CORP P 2011-02-25 2011-08-26
5 MCDONALDS CORP P 2011-02-25 2011-08-08
70 MCDONALDS CORP P 2011-05-23 2011-08-08
50 MCDONALDS CORP P 2011-05-09 2011-08-08
169 KRAFT FOODS INC P 2011-05-23 2011-08-08
46 KIMBERLY-CLARK P 2011-05-23 2011-08-26
12 JOHNSON & JOHNSON INC. P 2011-05-23 2011-08-26
42 JOHNSON & JOHNSON INC. P 2011-05-23 2011-08-08
57 INTERNATIONAL BUSINESS MACHINES P 2011-05-23 2011-07-07
38 INTERNATIONAL BUSINESS MACHINES P 2011-05-09 2011-07-07
108 INTERNATIONAL BUSINESS MACHINES P 2009-12-08 2011-07-07
63 INTERNATIONAL BUSINESS MACHINES P 2009-11-17 2011-07-07
190 INTERNATIONAL BUSINESS MACHINES P 2009-10-23 2011-07-07
193 INTERNATIONAL BUSINESS MACHINES P 2009-09-23 2011-07-07
23 INTEL CORP P 2011-02-25 2011-05-09
681 HUDSON CITY BANCORP P 2011-02-25 2011-04-20
1771 HUDSON CITY BANCORP P 2010-11-19 2011-04-20
1904 HUDSON CITY BANCORP P 2010-05-20 2011-04-20
1945 HUDSON CITY BANCORP P 2009-12-08 2011-04-20
1035 HUDSON CITY BANCORP P 2009-11-17 2011-04-20
1220 HUDSON CITY BANCORP P 2009-10-23 2011-04-20
1310 HUDSON CITY BANCORP P 2009-10-20 2011-04-20
286 HOME DEPOT INC P 2011-05-09 2011-08-26
200000 HEWLETT PACKARD CO P 2011-05-10 2011-09-15
3187.46 FNAH3430 P 2011-02-09 2011-12-25
4811.31 FNAH3430 P 2011-02-09 2011-11-25
3671.71 FNAH3430 P 2011-02-09 2011-10-25
3370.44 FNAH3430 P 2011-02-09 2011-09-25
3649.34 FNAH3430 P 2011-02-09 2011-08-25
3445.70 FNAH3430 P 2011-02-09 2011-07-25
2991.21 FNAH3430 P 2011-02-09 2011-06-25
3827.12 FNAH3430 P 2011-02-09 2011-05-25
2520.90 FNAH3430 P 2011-02-09 2011-04-25
150000 FHLB P 2009-01-20 2011-11-17
100000 FHLB P 2009-01-20 2011-08-10
382565.94 FHLMC Pool #G18321 P 2011-01-12 2011-09-16
12185.21 FHLMC Pool #G18321 P 2011-01-12 2011-09-15
12045.17 FHLMC Pool #G18321 P 2011-01-12 2011-08-15
9026.07 FHLMC Pool #G18321 P 2011-01-12 2011-07-15
10160.64 FHLMC Pool #G18321 P 2011-01-12 2011-06-15
7044.68 FHLMC Pool #G18321 P 2011-01-12 2011-05-15
8597.42 FHLMC Pool #G18321 P 2011-01-12 2011-04-15
15093.80 FHLMC Pool #G05420 P 2009-11-10 2011-12-15
17877.40 FHLMC Pool #G05420 P 2009-11-10 2011-11-15
13773.86 FHLMC Pool #G05420 P 2009-11-10 2011-10-15
14136.94 FHLMC Pool #G05420 P 2009-11-10 2011-09-15
11849.09 FHLMC Pool #G05420 P 2009-11-10 2011-08-15
10228.94 FHLMC Pool #G05420 P 2009-11-10 2011-07-15
12847.23 FHLMC Pool #G05420 P 2009-11-10 2011-06-15
13404.31 FHLMC Pool #G05420 P 2009-11-10 2011-05-15
15248.71 FHLMC Pool #G05420 P 2009-11-10 2011-04-15
13396.15 FHLMC Pool #G01513 P 2009-10-07 2011-12-15
11458.91 FHLMC Pool #G01513 P 2009-10-07 2011-11-15
12547.79 FHLMC Pool #G01513 P 2009-10-07 2011-10-15
9022.91 FHLMC Pool #G01513 P 2009-10-07 2011-09-15
10461.79 FHLMC Pool #G01513 P 2009-10-07 2011-08-15
10647.23 FHLMC Pool #G01513 P 2009-10-07 2011-07-15
12339.96 FHLMC Pool #G01513 P 2009-10-07 2011-06-15
17734.90 FHLMC Pool #G01513 P 2009-10-07 2011-05-15
16170.14 FHLMC Pool #G01513 P 2009-10-07 2011-04-15
140 COCA-COLA CO P 2009-11-17 2011-08-26
59 COCA-COLA CO P 2011-05-23 2011-08-26
61 COCA-COLA CO P 2011-05-09 2011-08-26
56 COCA-COLA CO P 2011-02-25 2011-08-26
71 COCA-COLA CO P 2011-05-23 2011-08-08
150000 CLARK CNTY NV P 2010-11-17 2011-05-10
35 CHUBB CORPORATION P 2011-08-26 2011-10-25
44 CHUBB CORPORATION P 2011-08-08 2011-10-25
120 CHUBB CORPORATION P 2011-05-23 2011-10-25
148 CHUBB CORPORATION P 2010-05-20 2011-10-25
360 CHUBB CORPORATION P 2009-12-08 2011-10-25
79 CHUBB CORPORATION P 2019-11-17 2011-10-25
287 CHUBB CORPORATION P 2009-10-23 2011-10-25
349 CHUBB CORPORATION P 2009-09-23 2011-10-25
3 CHUBB CORPORATION P 2009-11-17 2011-05-09
22 CHEVRON CORPORATION P 2011-05-09 2011-08-08
102 BOEING CO P 2011-08-26 2011-10-04
255 BOEING CO P 2011-08-08 2011-10-04
170 BOEING CO P 2011-05-23 2011-10-04
15 BOEING CO P 2011-02-25 2011-10-04
108 BOEING CO P 2010-11-19 2011-10-04
343 BOEING CO P 2009-11-17 2011-10-04
476 BOEING CO P 2009-10-23 2011-10-04
1914 BOEING CO P 2009-09-23 2011-10-04
30 BOEING CO P 2011-02-25 2011-05-09
LADIES' PLATNUM IRIDIUM WEDDING SET D 2000-01-09 2011-05-09
LADIES' WHITE METAL DIAMOND RING D 2000-01-09 2011-05-27
MEN'S 18K YLW GOLD DIAMOND SET RING D 2000-01-09 2011-05-27
ROLEX 18K YELLOW GOLD D 2000-01-09 2011-04-07
470 ARCHER DANIELS MIDLAND CO P 2011-05-23 2011-08-10
38 ARCHER DANIELS MIDLAND CO P 2011-03-07 2011-08-10
149 ARCHER DANIELS MIDLAND CO P 2011-04-13 2011-08-10
2167 ARCHER DANIELS MIDLAND CO P 2011-03-07 2011-08-10
38 ARCHER DANIELS MIDLAND CO P 2011-03-07 2011-05-09
24 AMERICAN CAMPUS COMMUNITIES P 2011-04-13 2011-08-26
102 AMERICAN CAMPUS COMMUNITIES P 2011-05-23 2011-08-26
188 AMERICAN CAMPUS COMMUNITIES P 2011-05-23 2011-08-08
116 AMERICAN CAMPUS COMMUNITIES P 2011-04-13 2011-05-09
45 AMERICAN CAMPUS COMMUNITIES P 2011-02-25 2011-05-09
45 ABBOTT LABORATORIES P 2009-12-08 2011-05-09
113 AT & T INCORPORATED P 2011-02-25 2011-05-09
12 ACE LMTD P 2010-04-15 2011-02-25
30 WASTE MGMT INC P 2010-11-19 2011-02-25
260 WAL MART STORES INC P 2011-02-25 2011-03-07
131 WAL MART STORES INC P 2010-11-19 2011-03-07
220 WAL MART STORES INC P 2009-12-08 2011-03-07
286 WAL MART STORES INC P 2009-11-17 2011-03-07
341 WAL MART STORES INC P 2009-10-23 2011-03-07
336 WAL MART STORES INC P 2009-09-23 2011-03-07
50 VODAFONE GROUP-SP ADR NEW P 2009-12-17 2011-02-25
320 VANGUARD INDEX TR REIT VIPER SHS P 2009-12-08 2011-02-22
362 VANGUARD INDEX TR REIT VIPER SHS P 2009-11-17 2011-02-22
428 VANGUARD INDEX TR REIT VIPER SHS P 2009-10-23 2011-02-22
398 VANGUARD INDEX TR REIT VIPER SHS P 2009-09-23 2011-02-22
150 VF CORPORATION P 2010-11-19 2011-02-25
170 TOTAL SASPONSORED ADR P 2009-11-17 2011-02-25
460 TAIWAN SEMICONDUCTOR MFG CO LTD P 2009-12-08 2011-02-25
18 PETROCHINA COMPANY LIMITED P 2009-11-17 2011-02-25
7 PETROCHINA COMPANY LIMITED P 2009-10-23 2011-02-25
350 PAYCHEX INC P 2009-12-08 2011-02-25
417 NYSE EURONEXT INC P 2009-09-23 2011-02-25
238 NUCOR CORP P 2009-10-23 2011-02-25
412 NUCOR CORP P 2009-09-23 2011-02-25
30 NORFOLK SOUTHERN CORP P 2009-11-17 2011-02-25
593 NYSE EURONEXT INC P 2009-10-23 2011-02-25
230 MEDTRONIC P 2009-12-08 2011-02-25
120 LOCKHEED MARTIN CORP P 2010-12-03 2011-02-25
30 KIMBERLY-CLARK P 2009-11-17 2011-02-25
60 INTERNATIONAL BUSINESS MACHINES P 2009-11-17 2011-02-25
490 HOME DEPOT INC P 2010-05-07 2011-02-25
2863.80 FNAH3430 P 2011-02-09 2011-03-25
250000 FHLB P 2010-02-17 2011-02-09
500000 FHLB P 2009-09-30 2011-01-13
7076.85 FHLMC Pool #G18321 P 2011-01-12 2011-03-15
13118.41 FHLMC Pool #G18321 P 2011-01-12 2011-02-15
16444.61 FHLMC Pool #G05420 P 2009-11-10 2011-03-15
21484.95 FHLMC Pool #G05420 P 2009-11-10 2011-02-15
27170.88 FHLMC Pool #G05420 P 2009-11-10 2011-01-15
24058.91 FHLMC Pool #G01513 P 2009-10-07 2011-03-15
24315.15 FHLMC Pool #G01513 P 2009-10-07 2011-02-15
22959.55 FHLMC Pool #G01513 P 2009-10-07 2011-11-15
106 EXXON MOBIL CORP P 2010-06-02 2011-02-25
164 EXXON MOBIL CORP P 2010-11-19 2011-02-25
13 EXELON CORP P 2011-02-25 2011-03-17
123 EXELON CORP P 2010-11-19 2011-03-17
376 EXELON CORP P 2010-07-20 2011-03-17
480 EXELON CORP P 2009-12-08 2011-03-17
509 EXELON CORP P 2009-11-17 2011-03-17
421 EXELON CORP P 2009-10-23 2011-03-17
84 EXELON CORP P 2009-09-23 2011-03-17
170 DU PONT E I DE NEMOURS & CO P 2009-10-20 2011-02-25
230 CHEVRON CORPORATION P 2009-11-17 2011-02-25
(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 5,026   4,460 566
b 1,675   1,438 237
c 7,679   7,489 190
d 1,815   1,729 86
e 13,613   9,782 3,831
77,977   59,759 18,218
5,905   5,852 53
2,117   2,117  
3,048   3,048  
2,923   3,167 -244
3,132   3,132  
14,981   12,723 2,258
7,491   6,503 988
11,063   7,901 3,162
96,917   61,934 34,983
179,242   190,862 -11,620
7,530   8,799 -1,269
3,170   3,170  
3,091   3,091  
4,049   3,234 815
205,368   200,000 5,368
4,245   4,725 -480
4,474   4,667 -193
9,522   10,974 -1,452
28,567   25,542 3,025
11,932   12,983 -1,051
9,178   10,471 -1,293
12,390   12,895 -505
4,595   4,595  
2,256   2,200 56
7,423   6,604 819
8,078   7,975 103
23,360   16,509 6,851
8,806   6,237 2,569
27,071   17,514 9,557
30,492   19,240 11,252
2,034   2,034  
3,000   2,113 887
6,146   5,708 438
7,475   5,522 1,953
46,826   28,901 17,925
45,165   30,098 15,067
17,995   13,354 4,641
3,166   3,834 -668
3,043   3,725 -682
9,153   9,153  
13,947   13,912 35
7,784   10,128 -2,344
1,048   1,395 -347
16,267   17,683 -1,416
3,431   4,385 -954
572   772 -200
12,835   16,127 -3,292
16,521   18,997 -2,476
16,298   18,950 -2,652
2,151   1,789 362
414   373 41
3,796   5,788 -1,992
4,140   3,984 156
5,715   5,715  
3,104   3,130 -26
768   788 -20
2,577   2,756 -179
10,062   9,599 463
6,708   6,439 269
19,065   13,710 5,355
11,121   8,094 3,027
33,541   22,887 10,654
34,070   23,394 10,676
524   504 20
6,536   7,770 -1,234
16,998   20,576 -3,578
18,274   24,295 -6,021
18,668   25,674 -7,006
9,934   14,003 -4,069
11,709   16,408 -4,699
12,573   17,220 -4,647
9,662   9,662  
195,872   200,088 -4,216
3,187   3,160 27
4,811   4,769 42
3,672   3,640 32
3,370   3,341 29
3,649   3,617 32
3,446   3,416 30
2,991   2,965 26
3,827   3,794 33
2,521   2,499 22
152,741   150,000 2,741
102,369   100,000 2,369
407,732   401,037 6,695
12,185   12,774 -589
12,045   12,627 -582
9,026   9,462 -436
10,161   10,651 -490
7,045   7,385 -340
8,597   9,013 -416
15,094   15,948 -854
17,877   18,889 -1,012
13,774   14,553 -779
14,137   14,937 -800
11,849   12,519 -670
10,229   10,808 -579
12,847   13,574 -727
13,404   14,162 -758
15,249   16,111 -862
13,396   14,326 -930
11,459   12,254 -795
12,548   13,418 -870
9,023   9,649 -626
10,462   11,188 -726
10,647   11,386 -739
12,340   13,196 -856
17,735   18,965 -1,230
16,170   17,292 -1,122
9,548   7,956 1,592
4,024   3,985 39
4,160   4,091 69
3,819   3,605 214
4,661   4,795 -134
159,698   150,000 9,698
2,377   2,070 307
2,989   2,472 517
8,151   7,794 357
10,052   7,346 2,706
24,452   17,532 6,920
5,366   4,025 1,341
19,494   14,496 4,998
23,705   16,975 6,730
195   153 42
2,009   2,009  
5,894   6,367 -473
14,735   15,129 -394
9,823   13,003 -3,180
867   1,088 -221
6,241   6,873 -632
19,820   18,024 1,796
27,505   23,776 3,729
25,714   23,380 2,334
2,386   2,175 211
200   200  
6,350   10,000 -3,650
28,650   13,650 15,000
3,000   3,000  
12,446   14,616 -2,170
1,006   1,437 -431
3,946   5,240 -1,294
57,384   79,555 -22,171
1,295   1,295  
906   777 129
3,849   3,494 355
6,210   6,440 -230
4,026   3,755 271
1,562   1,475 87
2,365   2,365  
5,536   3,185 2,351
759   642 117
1,105   1,058 47
13,459   13,454 5
6,782   7,123 -341
11,389   12,001 -612
14,805   15,349 -544
17,653   17,213 440
17,394   17,012 382
1,417   1,140 277
18,650   13,824 4,826
21,098   15,548 5,550
24,945   17,569 7,376
23,196   17,022 6,174
14,391   12,345 2,046
10,234   10,805 -571
5,636   5,009 627
2,418   2,356 62
940   927 13
11,558   11,158 400
15,384   12,238 3,146
11,153   10,498 655
19,307   20,184 -877
1,940   1,546 394
21,877   17,415 4,462
9,171   9,865 -694
9,619   8,325 1,294
1,948   1,952 -4
9,727   7,709 2,018
18,115   16,411 1,704
2,864   2,839 25
253,365   250,270 3,095
521,370   540,815 -19,445
7,077   7,419 -342
13,118   13,752 -634
16,445   17,375 -930
21,485   22,700 -1,215
27,171   28,708 -1,537
24,059   25,728 -1,669
24,315   26,002 -1,687
22,960   24,552 -1,592
9,038   6,293 2,745
13,985   11,537 2,448
518   537 -19
4,906   4,920 -14
14,996   15,908 -912
19,144   24,043 -4,899
20,301   23,943 -3,642
16,791   20,970 -4,179
3,350   4,254 -904
9,180   5,728 3,452
23,481   18,124 5,357
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       566
b       237
c       190
d       86
e       3,831
      18,218
      53
       
       
      -244
       
      2,258
      988
      3,162
      34,983
      -11,620
      -1,269
       
       
      815
      5,368
      -480
      -193
      -1,452
      3,025
      -1,051
      -1,293
      -505
       
      56
      819
      103
      6,851
      2,569
      9,557
      11,252
       
      887
      438
      1,953
      17,925
      15,067
      4,641
      -668
      -682
       
      35
      -2,344
      -347
      -1,416
      -954
      -200
      -3,292
      -2,476
      -2,652
      362
      41
      -1,992
      156
       
      -26
      -20
      -179
      463
      269
      5,355
      3,027
      10,654
      10,676
      20
      -1,234
      -3,578
      -6,021
      -7,006
      -4,069
      -4,699
      -4,647
       
      -4,216
      27
      42
      32
      29
      32
      30
      26
      33
      22
      2,741
      2,369
      6,695
      -589
      -582
      -436
      -490
      -340
      -416
      -854
      -1,012
      -779
      -800
      -670
      -579
      -727
      -758
      -862
      -930
      -795
      -870
      -626
      -726
      -739
      -856
      -1,230
      -1,122
      1,592
      39
      69
      214
      -134
      9,698
      307
      517
      357
      2,706
      6,920
      1,341
      4,998
      6,730
      42
       
      -473
      -394
      -3,180
      -221
      -632
      1,796
      3,729
      2,334
      211
       
      -3,650
      15,000
       
      -2,170
      -431
      -1,294
      -22,171
       
      129
      355
      -230
      271
      87
       
      2,351
      117
      47
      5
      -341
      -612
      -544
      440
      382
      277
      4,826
      5,550
      7,376
      6,174
      2,046
      -571
      627
      62
      13
      400
      3,146
      655
      -877
      394
      4,462
      -694
      1,294
      -4
      2,018
      1,704
      25
      3,095
      -19,445
      -342
      -634
      -930
      -1,215
      -1,537
      -1,669
      -1,687
      -1,592
      2,745
      2,448
      -19
      -14
      -912
      -4,899
      -3,642
      -4,179
      -904
      3,452
      5,357
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 2 151,557
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 -8,734
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 456,246 9,873,501 0.04621
2009 469,893 10,104,692 0.04650
2008 512,760 10,692,392 0.04796
2007 493,318 10,702,247 0.04610
2006 524,988 10,247,012 0.05123
2 Total of line 1, column (d) ...................... 2 0.23800
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 0.04760
4 Enter the net value of noncharitable-use assets for 2011 from Part X, line 5..... 4 11,002,760
5 Multiply line 4 by line 3....................... 5 523,720
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 12,998
7 Add lines 5 and 6......................... 7 536,718
8 Enter qualifying distributions from Part XII, line 4.............. 8 471,765
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 25,996
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 25,996
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 25,996
6 Credits/Payments:
a 2011 estimated tax payments and 2010 overpayment credited to 2011 6a 10,520
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 6,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 16,520
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 362
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 9,838
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 taxBullet   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
 
No
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 ofbulletFirst Financial Trust & Asset Telephone no.bullet (432) 367-8900
    Located atbullet2651 JBS Parkway Bldg 4 Ste EOdessaTX ZIP+4bullet79762
    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
     
    No
    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
     
    No
    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
     
    No
    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
     
    No
    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
     
    No
    .........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
     
    No
    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
    LAMESA NATIONAL BANK Foundation Mgr.
    0.00     		27,565    
    602 S 1ST STREET
    LAMESA,TX79331
    John Farris Admin Board
    0.00     		0    
    404 N Ave X
    Lamesa,TX79331
    Arthur Pedroza Admin Board
    0.00     		0    
    701 N 21st
    Lamesa,TX79331
    Debbie Garza Admin Board
    0.00     		0    
    504 N 6th
    Lamesa,TX79331
    Janet Eveheart Admin Board
    0.00     		0    
    2218 S 4th
    Lamesa,TX79331
    Scott L Leonard Admin Board
    0.00     		0    
    102 Juniper Dr
    Lamesa,TX79331
    Dwaine Brown Admin Board
    0.00     		0    
    2304 S Hwy 137
    Lamesa,TX79331
    First Financial Tr Asset Mgm Trustee
    2.00     		73,553    
    2651 JBS Parkway Bldg 4 Ste E
    Odessa,TX79762
    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  
    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
    8,369,125
    b
    Average of monthly cash balances.......................
    1b
    775,631
    c
    Fair market value of all other assets (see page 24 of the instructions)............
    1c
    2,025,559
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,170,315
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    11,170,315
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see page 25
    of the instructions) ...........................
    4
    167,555
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    11,002,760
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    550,138
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    550,138
    2a
    Tax on investment income for 2011 from Part VI, line 5......
    2a
    25,996
    b
    Income tax for 2011. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    25,996
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    524,142
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    524,142
    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
    524,142
    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
    310,131
    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
    161,634
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    471,765
    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
    471,765
    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 7 524,142
    2 Undistributed income, if any, as of the end of 2011:
    a Enter amount for 2010 only....... 455,326
    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$ 471,765
    a Applied to 2010, but not more than line 2a 455,326
    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)...     		0
    d Applied to 2011 distributable amount..... 16,439
    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 ..........     		507,703
    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).)
    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:
    MR ELWOOD FREEMAN
    PO BOX 301
    LAMESA,TX79331
    (806) 872-5457
    bThe form in which applications should be submitted and information and materials they should include:
    DESCRIPTION OF PROJECT, PROJECT BUDGET, CURRENT FINANCIAL STATEMENTS, PROPOSED FUNDING SOURCES
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    PROJECTS BENEFITING RESIDENTS OF DAWSON COUNTY, 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
    CITY OF LAMESA
    601 S 1ST
    LAMESA,TX79331     		NONE GOVT CONSTRUCTION DISC GOLF COURSE 24,870
    LAMESA BOYS & GIRLS CLUB INC
    400 N 7TH
    LAMESA,TX79331     		NONE PUBLIC FLOORING FOR GYMNASIUM AND GAME ROOM 75,000
    FIRST UNITED METHODIST CHURCH
    409 N 3RD
    LAMESA,TX79331     		NONE PUBLIC YOUTH SERVICES - CUB SCOUT ACTIVITIES 1,270
    LAMESA INDEPENDENT SCHOOL DISTRICT
    210 N HOUSTON
    LAMESA,TX79331     		NONE GOVT RECREATION - COMMUNITY WALKING TRACK 91,000
    CHRISTIAN WOMEN'S JOBCORE
    1013 N 2ND STREET
    LAMESA,TX79331     		NONE PUBLIC BUILDING REMODELING 35,064
    CITY OF LAMESA
    601 S 1ST
    LAMESA,TX79331     		NONE GOVT PURCHASE FIRE FIGHTING EQUIPMENT 36,281
    CITY OF LAMESA
    601 S 1ST
    LAMESA,TX79331     		NONE GOVT BLEACHERS - COMMUNIT SPORTS COMPLEX 7,000
    CITY OF LAMESA
    601 S 1ST
    LAMESA,TX79331     		NONE GOVT PIANO FOR COMMUNITY CENTER 2,175
    FIRST PRESBYTERIAN CHURCH
    PO BOX 1126
    LAMESA,TX79331     		NONE PUBLIC Operating expenses of religious activities 29,559
    Total .................................bullet 3a 302,219
    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 2,783  
    4 Dividends and interest from securities....     14 324,612  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 178,744  
    6Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8Gain or (loss) from sales of assets other than inventory         151,557
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aWeaver Gin Company     18 796  
    bNET OIL & GAS ROYALTIES     15 659,491  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,166,426 151,557
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,317,983
    (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: 11000144
    Software Version: 2011v1.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2011 AccountingFeesSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NEWBERRY LEONARD HORTON & BAIRRINGTON 1,925 963 963 963

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

    TY 2011 DepreciationSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    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
    IRRIGATION PUMP & MOTOR 2005-04-12 11,030 6,618 58 10.00 % 1,103 1,103    
    IRRIGATION WELL 2004-07-08 6,997 5,459 58 10.00 % 700 700    
    7 TOWER PIVOT SYSTEM 2003-04-15 35,252 32,571 58 10.00 % 2,681 2,681    
    IRRIGATION WELL 2003-03-07 40,582 37,497 58 10.00 % 3,085 3,085    

    TY 2011 InvestmentsCorpBondsSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Name of Bond End of Year Book Value End of Year Fair Market Value
    WAL MART STORES, 4.50, 7/1/15 216,834 223,976
    MEDTRONIC INC, 4.75%, 9/15/15 166,386 167,996
    HEWLETT PACKARD, 4.375, 9/15/21 200,258 206,408
    DISNEY WALT CO MTNS 6.00 181,486 181,838
    UNITED TECHNOLOGIES, 6.10%, 5/15/12    
    MORGAN STANLEY, 7.30%, 5/13/19 222,964 203,690
    GOLDMAN SACHS GROUP, 6.150%, 4/1/18 249,758 237,381
    GENERAL ELEC CAP CORP, 5.50%, 1/8/20 235,958 236,562

    TY 2011 InvestmentsCorpStockSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    WALGREEN CO 108,178 104,999
    UNITED PARCEL SERVICE INC 93,642 107,955
    ROYAL DUTCH SHELL 83,549 102,107
    PNC FINANCIAL SERVICES GROUP INC 163,461 158,477
    PG & E CORP 86,368 93,363
    PEPSICO INC 108,066 111,800
    MATTEL INC 111,021 123,449
    HARRIS CORP 124,086 103,038
    CULLEN / FROST BANKERS INC 162,155 178,889
    CENTURYLINK INC 144,362 137,417
    BLACKROCK INC 165,864 171,823
    VF CORPORATION    
    NOVARTIS AG 125,967 138,180
    LOCKHEED MARTIN GROUP 105,905 118,519
    HOME DEPOT 122,790 157,566
    EXXON MOBIL 123,362 160,874
    BANK HAWAII CORP 146,068 142,679
    1324 ACE LIMITED    
    3M Co 95,126 98,321
    Waste Management Inc 114,348 117,298
    1314 WalMart Stores Inc    
    Vodafone Group Sp ADR 126,186 151,810
    1508 Vanguard Index TR Reit    
    Total Sponsored ADR 162,281 148,117
    Taiwan Semiconductor 98,633 118,049
    566 Petrochina Company Ltd    
    Paychex Inc 110,586 110,534
    3980 NYSE Euronext Inc    
    Nucor Corp 127,821 124,922
    1304 Norfolk Southern Corp    
    4460 Microsoft Corp 149,389 145,506
    2305 medtronic    
    McDonalds Corp 71,198 119,493
    Kraft Foods 88,034 117,198
    Kimberly-Clark 119,929 139,470
    Johnson & Johnson 132,025 139,685
    614 IBM    
    Intel Corp 144,086 170,914
    9185 Hudson City Bancorp    
    1830 Exelon Corp    
    DuPont 89,971 106,576
    Coca-Cola Co 74,276 97,048
    Chubb Corporation    
    Chevron Corp 114,915 152,152
    Boing    
    AT&T Inc 127,794 143,398
    American Campus Communities 69,385 108,089
    Altria Group Inc 79,228 120,231
    Abbott Laboratories 125,771 141,700

    TY 2011 InvestmentsGovtObligationsSch
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    US Government Securities - End of Year Book Value:

    1,879,396
    US Government Securities - End of Year Fair Market Value:

    1,948,699
    State & Local Government Securities - End of Year Book Value:


    620,000
    State & Local Government Securities - End of Year Fair Market Value:


    622,703


    TY 2011 InvestmentsLandSchedule2
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Miscellaneous 162,284 54,798 107,486  
    Land 1,427,408   1,427,408 2,025,559
    Buildings 40,000   40,000  
    Machinery and Equipment 93,861 89,714 4,147  

    TY 2011 InvestmentsOtherSchedule2
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    WEAVER GIN COMPANY-UI REAL ESTATE AT COST 71,249  

    TY 2011 LegalFeesSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
      6,751 6,751 6,751 0


    TY 2011 OtherExpensesSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Rental Expenses 39,245 39,245    
    cOST DEPLETION - OIL & GAS ROYALTIES 6,949 6,949 6,949 6,949


    TY 2011 OtherIncomeSchedule2
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Weaver Gin Company 796 796 796
    NET OIL & GAS ROYALTIES 659,491 659,491 659,491


    TY 2011 OtherIncreasesSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Description Amount
    Correction to book value - original donated assets 59,513


    TY 2011 TaxesSchedule
    Name:
    William M Weaver Foundation
    EIN: 30-0140386
    Software ID:11000144
    Software Version:2011v1.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX ON INVESTMENT 3,518 3,518 3,518  
    FEDERAL EXCISE TAX 13,518