TY 2012 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation

Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.

OMB No. 1545-0052

2012

Open to Public Inspection

For calendar year 2012, or tax year beginning 01-01-2012 , and ending 12-31-2012

Name of foundation
LEE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)9300 BLUEBONNET BLVD Room/suite

City or town, state, and ZIP code
BATON ROUGE, LA70810

A Employer identification number

72-1452245

B Telephone number (see instructions)

(225) 769-3122

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85% test,
check here and attach computation ........... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

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

$2,060,652J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	216,500
2	Check
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities......	50,143		50,143
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		54,375
b	Gross sales price for all assets on line 6a 442,810
7	Capital gain net income (from Part IV, line 2)...			54,375
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	321,018		104,518
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....		15,785	15,785	15,785
17	Interest...............
18	Taxes (attach schedule) (see instructions)		191	191	191
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	15,976		15,976	15,976	0
25	Contributions, gifts, grants paid........	85,000				85,000
26	Total expenses and disbursements. Add lines 24 and 25	100,976		15,976	15,976	85,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	220,042
b	Net investment income (if negative, enter -0-)			88,542
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2012)

Form 990-PF (2012)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............	244,162	334,658	334,658
	2	Savings and temporary cash investments..........
	3	Accounts receivable 216,500
		Less: allowance for doubtful accounts	196,000	216,500	216,500
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see page 15 of the
		instructions)....................
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	10,290	10,290	10,290
	b	Investments—corporate stock (attach schedule)........	1,279,579	1,386,167	1,449,684
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	49,520	49,520	49,520
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,779,551	1,997,135	2,060,652
	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 )
	23	Total liabilities (add lines 17 through 22)..........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted....................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	1,779,551	1,997,135
	30	Total net assets or fund balances (see page 17 of the
		instructions)....................	1,779,551	1,997,135
	31	Total liabilities and net assets/fund balances (see page 17 of
		the instructions)..................	1,779,551	1,997,135

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	1,779,551
2	Enter amount from Part I, line 27a.....................	2	220,042
3	Other increases not included in line 2 (itemize)	3
4	Add lines 1, 2, and 3..........................	4	1,999,593
5	Decreases not included in line 2 (itemize)	5	2,458
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	1,997,135

Form 990-PF (2012)

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	ALTRIA GROUP INC	P	2011-03-30	2012-02-23
b	GALAGHER AUTHUR J	P	2011-03-03	2012-02-23
c	CENTURY LINK INC	P	2008-07-24	2012-02-23
d	CISCO SYSTEM INC	P	2010-11-11	2012-02-23
e	COSTCO WHSL CORP NEW	P	2005-04-07	2012-02-23
	KRAFT FOOD GROUPS	P	2009-03-16	2012-10-02
	SECTOR SPDR INDL SELECT	P	2011-08-09	2012-08-23
	WALMART STORES	P	2000-08-21	2012-02-23
	WELLS FARGO CO NEW	P	2009-03-13	2012-02-23
	ASSURED GUARANT	P	2011-06-17	2012-08-16
	ASSURED GUARANT	P	2011-09-20	2012-08-16
	HERBALIFE LTD	P	2011-06-17	2012-08-16
	ACCO BRAND CORP	P	2010-06-01	2012-05-31
	ACCO BRAND COPR	P	2010-06-01	2012-08-16
	AES CORP	P	2011-06-17	2012-08-16
	ATT	P	2011-06-17	2012-08-16
	AETNA	P	2011-06-17	2012-08-16
	ALLIANCE DATA SYSTEMS	P	2011-06-17	2012-08-16
	ALLIANT ENERGY COPR	P	2011-06-17	2012-08-16
	AMERISOURCEBERGEN	P	2011-06-17	2012-08-16
	APACHE CORP	P	2011-06-17	2012-08-16
	APPLE	P	2011-06-17	2012-08-16
	ARCHER DANIELS MIDLAND	P	2011-06-17	2012-08-16
	ARROW ELECTRONICS	P	2011-06-17	2012-08-16
	ASHLAND INC	P	2011-06-17	2012-08-16
	ATMEL COPR	P	2011-06-17	2012-08-16
	BANK OF AMERICA	P	2011-06-17	2012-08-16
	BECTON DICINSON CO	P	2011-06-17	2012-04-02
	BECTON DICINSON CO	P	2011-06-17	2012-08-16
	BLYTH INC COM NEW	P	2012-05-04	2012-08-16
	CF INDS HLDGS INC	P	2012-01-09	2012-08-16
	CSX COPR	P	2011-06-17	2012-03-19
	CVS CAREMARK CORP	P	2011-06-17	2012-08-16
	CATERPILLAR	P	2011-06-17	2012-08-16
	CATERPILLAR	P	2011-09-16	2012-08-16
	CATERPILLAR	P	2012-03-19	2012-08-16
	CHEVRON	P	2011-06-17	2012-08-16
	CHEVRON	P	2011-09-20	2012-08-16
	CITIGROUP	P	2011-06-17	2012-08-16
	CITCROUP	P	2011-09-20	2012-08-16
	CLIFFS NATURAL RESOURCES	P	2011-06-17	2012-08-16
	COACH INC	P	2011-06-17	2012-08-16
	COCA COLA	P	2011-09-28	2012-08-16
	COGNIZANT TECH SOLUTIONS	P	2011-06-17	2012-08-16
	COMCAST	P	2011-06-17	2012-08-16
	DANAHER CORP	P	2011-06-17	2012-08-16
	DISCOVER FINANCIAL	P	2011-06-17	2012-08-16
	DISCOVER FINANCIAL	P	2011-09-16	2012-08-16
	DISCOVER FINANCIAL	P	2011-11-15	2012-08-16
	DIRECT TV	P	2011-06-17	2012-08-16
	DUPONT E I DE NEMOURS CO	P	2010-06-01	2012-01-09
	EASTWEST BANCOPR	P	2011-06-17	2012-08-16
	EASTWEST BANCOPR	P	2011-09-20	2012-08-16
	EXXON MOBIL	P	2011-06-17	2012-08-16
	EXXON MOBIL	P	2001-09-20	2012-08-16
	FS NETWORKS	P	2011-06-17	2012-08-16
	FS NETWORKS	P	2011-09-16	2012-08-16
	FOOT LOCKER	P	2011-09-16	2012-08-16
	FREEPORT-MCMORAN COPPER	P	2011-06-17	2012-08-16
	GAMSTOP CORP	P	2011-06-17	2012-08-16
	GENERAL DYNAMICS	P	2011-06-17	2012-08-16
	GENERAL ELECTRIC CO	P	2010-06-01	2012-08-16
	GILEAD SCIENCES	P	2011-06-17	2012-08-16
	GODDYEAR TIRES RUBBER	P	2011-06-17	2012-08-16
	WW GRAINGER INC	P	2011-06-17	2012-08-16
	HALIBURTON	P	2011-06-17	2012-08-16
	HILL-ROM HOLDINGS	P	2011-09-16	2012-08-16
	HUMANNA INC CO	P	2012-04-02	2012-08-16
	INTEL	P	2011-06-17	2012-08-16
	INTERNATIONAL BUSINESS MACHINE	P	2011-06-17	2012-08-16
	INTERNATIONAL RECTIFIER	P	2011-06-17	2012-08-16
	ISHARES RUSSELL 2000 VALUE INDEX	P	2011-05-27	2012-01-06
	ISHARES RUSSELL 2000 VALUE INDEX	P	2011-08-16	2012-01-06
	J P MORGAN CHASE	P	2011-06-17	2012-08-16
	JARDEN CORP COM	P	2012-03-20	2012-08-16
	JOHNSON JOHNSON	P	2011-06-17	2012-08-16
	KENNAMETAL INC	P	2012-04-02	2012-08-16
	LIMITED BRANDS	P	2011-06-17	2012-08-16
	LIMITED BRANDS	P	2011-09-20	2012-08-16
	LINCOLN NATIONAL CORP	P	2011-06-17	2012-08-16
	LINCOLN NATIONAL CORP	P	2011-09-16	2012-08-16
	LIQUIDITY SERVICES INC.	P	2011-09-27	2012-08-16
	MACYS	P	2011-06-17	2012-08-16
	MACYS	P	2011-09-20	2012-08-16
	MARATHON OIL	P	2011-06-17	2012-08-16
	MARATJPM ETE CPR CP,	P	2010-06-01	2012-08-16
	MASTERCARED	P	2011-06-17	2012-08-16
	MCDERMOTT INTERNATIONAL	P	2011-06-17	2012-08-16
	MCDERMOTT INTERNATIONAL	P	2011-09-20	2012-08-16
	MCDONALDS	P	2011-06-17	2012-08-16
	MCKESSON	P	2011-06-17	2012-08-16
	MEADWESTVACO CORP	P	2011-06-17	2012-08-16
	METLIFE	P	2011-06-17	2012-08-16
	METRO PCS COMMUNICATIONS	P	2011-06-17	2012-08-16
	METRO PCS COMMUNICATIONS	P	2011-09-16	2012-08-16
	MICROSOFT	P	2011-06-17	2012-08-16
	MONSTER BEV CORP	P	2010-06-01	2012-08-16
	NII HOLDINGS	P	2011-06-17	2012-08-16
	NASDAQ OMZ GROUP	P	2011-11-15	2012-08-16
	MATIONAL-OILWELL INC	P	2011-06-17	2012-08-16
	ORACLE	P	2011-06-17	2012-08-16
	PEABODY ENERGY	P	2011-06-17	2012-08-16
	PERKINELMER INC COM	P	2012-04-02	2012-08-16
	PFIZER	P	2011-06-17	2012-08-16
	PHILIP MORRIS	P	2011-06-17	2012-08-16
	PHILIP MORRIS	P	2011-09-16	2012-08-16
	PRICELINE	P	2011-06-17	2012-08-16
	PRICTER GAMBLE	P	2011-06-17	2012-03-30
	QUALCOMM	P	2011-06-17	2012-08-16
	RAYONIER	P	2011-06-17	2012-08-16
	ROSS STORES	P	2011-06-17	2012-08-16
	ROVI CORP	P	2011-06-17	2012-08-16
	SPDR Sp 500 EFT TRUST	P	2011-12-21	2012-08-16
	SIMON PROPERTY GROUP	P	2011-08-02	2012-08-16
	SMITHFIELD FOODS	P	2011-06-17	2012-08-16
	TERADYNA INC	P	2011-06-17	2012-08-16
	THERMO FISHER	P	2011-06-17	2012-08-16
	TIMKEN	P	2011-06-17	2012-04-02
	TIMKEN	P	2011-09-16	2012-04-02
	TORO	P	2011-06-17	2012-08-16
	TRAVELERS COMPANIES	P	2011-06-17	2012-08-16
	TUPPERWARE BRANDS	P	2011-06-17	2012-08-16
	UNION PAC COPR	P	2012-03-19	2012-08-16
	UNITED TECHNOLOGIES	P	2011-06-17	2012-08-16
	UNITED THERAPEUTICS	P	2011-06-17	2012-08-16
	UNITED HEALTH GROUP INC	P	2011-06-17	2012-04-02
	VANGUARD MSCI EMERING MARKET	P	2011-05-27	2012-01-05
	VANGUARD MSCI EMERING MARKET	P	2011-08-16	2012-01-05
	VANGUARD MSCI EMERING MARKET	P	2011-12-21	2012-08-16
	WELLS FARGO	P	2011-06-17	2012-08-16
	WELLS FARGO	P	2011-09-20	2012-08-16
	WHITING PETROLEUM CORP	P	2011-06-17	2012-08-16
	WILLIAMS COMPANIES INC	P	2011-06-17	2012-08-16
	WPX ENERGY	P	2010-06-01	2012-01-17
	WPX ENERGY	P	2010-06-01	2012-08-16
	WYNN RESORTS	P	2011-06-17	2012-08-16
	WYNN RESORTS	P	2011-09-20	2012-08-16
	VARIOUS MUTUAL FUNDS	P	2012-04-04	2012-08-16
	FIXED ASSET MUTUAL FUND	P	2012-04-04	2012-08-16
	PRINCIPAL HIGH YEILD	P	2010-06-01	2012-08-17
	TWEEDY BROWNE GLOBAL	P	2010-06-01	2012-08-17

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,929	5,243	686
b	993	886	107
c	2,119	1,973	146
d	3,538	3,609	-71
e	16,893	9,383	7,510
	15	8	7
	2,586	2,133	453
	2,163	1,787	376
	1,548	673	875
	2,284	2,717	-433
	713	614	99
	3,316	3,441	-125
	5	5
	119	191	-72
	3,572	3,759	-187
	4,670	3,821	849
	2,686	3,129	-443
	3,412	2,303	1,109
	4,270	3,710	560
	4,574	4,930	-356
	1,940	2,573	-633
	20,057	10,298	9,759
	1,663	1,926	-263
	2,104	2,160	-56
	2,969	2,458	511
	1,092	2,404	-1,312
	2,138	2,966	-828
	1,549	1,709	-160
	1,287	1,452	-165
	1,805	2,239	-434
	4,169	3,142	1,027
	3,877	4,760	-883
	3,992	3,381	611
	1,405	1,542	-137
	1,143	1,119	24
	616	786	-170
	9,597	8,478	1,119
	1,808	1,595	213
	1,807	2,405	-598
	1,237	1,183	54
	992	1,868	-876
	2,844	3,117	-273
	3,685	3,261	424
	4,393	4,579	-186
	6,882	4,746	2,136
	3,776	3,701	75
	2,607	1,682	925
	1,780	1,285	495
	2,216	1,480	736
	4,885	4,368	517
	3,181	2,208	973
	2,009	1,821	188
	772	596	176
	9,221	8,312	909
	1,142	972	170
	1,800	1,789	11
	1,001	833	168
	2,703	1,754	949
	1,324	1,773	-449
	1,655	2,460	-805
	2,020	2,302	-282
	4,494	4,047	447
	3,833	2,693	1,140
	1,546	1,942	-396
	6,968	5,097	1,871
	2,194	2,907	-713
	1,654	1,936	-282
	2,450	3,292	-842
	3,915	3,139	776
	8,548	7,065	1,483
	1,156	1,569	-413
	6,314	7,051	-737
	15,194	14,258	936
	5,762	6,410	-648
	3,489	2,905	584
	4,785	4,646	139
	2,740	3,344	-604
	2,500	1,822	678
	982	835	147
	1,871	2,211	-340
	1,145	955	190
	2,682	1,916	766
	3,268	2,369	899
	903	665	238
	2,643	2,920	-277
	2,748	2,305	443
	4,230	2,673	1,557
	723	1,197	-474
	1,034	1,236	-202
	3,247	3,046	201
	4,848	4,510	338
	1,492	1,460	32
	2,527	2,941	-414
	786	1,418	-632
	523	585	-62
	4,235	3,381	854
	5,895	3,957	1,938
	416	2,617	-2,201
	2,490	2,813	-323
	3,115	2,865	250
	4,190	4,224	-34
	646	1,505	-859
	1,553	1,548	5
	3,607	3,070	537
	4,231	3,154	1,077
	1,657	1,244	413
	5,057	4,176	881
	2,886	2,787	99
	3,152	2,711	441
	1,866	1,678	188
	3,756	2,114	1,642
	817	3,028	-2,211
	11,217	9,947	1,270
	3,292	2,493	799
	2,134	2,460	-326
	1,888	1,695	193
	3,120	3,408	-288
	1,706	1,555	151
	1,606	1,163	443
	2,651	2,123	528
	3,123	2,836	287
	2,521	2,946	-425
	3,518	3,146	372
	2,547	2,812	-265
	1,924	1,921	3
	3,284	2,954	330
	2,726	3,382	-656
	6,380	6,993	-613
	1,174	1,147	27
	4,050	3,283	767
	811	598	213
	2,768	3,381	-613
	3,383	2,482	901
	11	11
	529	552	-23
	1,402	1,842	-440
	802	1,270	-468
	11,404		11,404
	4,120		4,120
	123		123
	3,285		3,285

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			686
b			107
c			146
d			-71
e			7,510
			7
			453
			376
			875
			-433
			99
			-125

			-72
			-187
			849
			-443
			1,109
			560
			-356
			-633
			9,759
			-263
			-56
			511
			-1,312
			-828
			-160
			-165
			-434
			1,027
			-883
			611
			-137
			24
			-170
			1,119
			213
			-598
			54
			-876
			-273
			424
			-186
			2,136
			75
			925
			495
			736
			517
			973
			188
			176
			909
			170
			11
			168
			949
			-449
			-805
			-282
			447
			1,140
			-396
			1,871
			-713
			-282
			-842
			776
			1,483
			-413
			-737
			936
			-648
			584
			139
			-604
			678
			147
			-340
			190
			766
			899
			238
			-277
			443
			1,557
			-474
			-202
			201
			338
			32
			-414
			-632
			-62
			854
			1,938
			-2,201
			-323
			250
			-34
			-859
			5
			537
			1,077
			413
			881
			99
			441
			188
			1,642
			-2,211
			1,270
			799
			-326
			193
			-288
			151
			443
			528
			287
			-425
			372
			-265
			3
			330
			-656
			-613
			27
			767
			213
			-613
			901

			-23
			-440
			-468
			11,404
			4,120
			123
			3,285

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	54,375
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 instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3	20,430

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2011	75,000	1,632,831	000.045932
2010	70,000	1,361,843	000.051401
2009	65,000	1,407,646	000.046176
2008
2007

2	Total of line 1, column (d) ......................	2	000.143509
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	000.047836
4	Enter the net value of noncharitable-use assets for 2012 from Part X, line 5.....	4
5	Multiply line 4 by line 3.......................	5
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6
7	Add lines 5 and 6.........................	7
8	Enter qualifying distributions from Part XII, line 4..............	8
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.

Form 990-PF (2012)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A” on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,771
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2............................	3	1,771
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	1,771
6	Credits/Payments:

a	2012 estimated tax payments and 2011 overpayment credited to 2012	6a
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)	6c	2,500
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	2,500
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	31
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	698
11	Enter the amount of line 10 to be: Credited to 2013 estimated tax	Refunded	11	698

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

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

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changes....

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

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

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

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

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?

If “Yes,” complete Part XIV.............................

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

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

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

Yes

Website address bullet

N/A

The books are in care of bullet

THOMAS H LEE Telephone no. bullet

(225) 769-3122

Located at bullet

9300 BLUEBONNET BLVDBATON ROUGELA ZIP+4 bullet

70810

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

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

At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over

a bank, securities, or other financial account in a foreign country? .................

See 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 (2012)

Page 5

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

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

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

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

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

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?.................YesNo

(6) Agree to pay money or property to a government official? (Exception. Check “No”

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).........YesNo

If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...

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

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2012?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2012, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2012?...............YesNo

If “Yes,” list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer “No” and attach statement—see instructions.) ..............

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

20, 20, 20, 20

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

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

If “Yes,” did it have excess business holdings in 2012 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 2012.)....................

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

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

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

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

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

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........YesNo

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

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

If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

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

If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?............YesNo

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

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

a personal benefit contract?........................YesNo

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

If “Yes” to 6b, file Form 8870.

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

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

Form 990-PF (2012)

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 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
WINIFRED LEE	SEC/DIR 000.00	0
1608 WEST END PLACE ROUND ROCK,TX78681	SEC/DIR 000.00	0
THOMAS H LEE	PRES/DIR 002.00	0
9300 BLUEBONNET BLVD BATON ROUGE,LA70810	PRES/DIR 002.00	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










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

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.		Expenses
1	N/A	0
2


3


4

Form 990-PF (2012)

Page 7

Part IX-B

Summary of Program-Related Investments (see 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 instructions.)

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

purposes:

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

1,343,163

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

289,410

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

216,540

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

1,849,113

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

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

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

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

1,849,113

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

instructions) Click to see attachment

.............................

27,737

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

1,821,376

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

91,069

Part XI

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

and do not complete this part.)

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

91,069

Tax on investment income for 2012 from Part VI, line 5......

1,771

Income tax for 2012. (This does not include the tax from Part VI.)...

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

1,771

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

89,298

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

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

89,298

Deduction from distributable amount (see instructions).................

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

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

89,298

Part XII

Qualifying Distributions (see instructions)

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

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

..........

85,000

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

85,000

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

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

85,000

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 (2012)

Page 8

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2012
1 Distributable amount for 2012 from Part XI, line 7			89,298
2 Undistributed income, if any, as of the end of 2012:
a Enter amount for 2011 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2012:
a From 2007.......
b From 2008.......
c From 2009.......
d From 2010.......	2,078
e From 2011.......
fTotal of lines 3a through e.........		2,078
4Qualifying distributions for 2012 from Part
XII, line 4: $ 85,000
a Applied to 2011, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions)......
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2012 distributable amount.....			85,000
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2012.		2,078	2,078
(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 instructions ...........
e Undistributed income for 2011. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2012. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2013 ..........			2,220
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (see instructions) .............
8Excess distributions carryover from 2007 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2013. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2008....
b Excess from 2009....
c Excess from 2010....
d Excess from 2011....
e Excess from 2012....

Form 990-PF (2012)

Page 9

Part XIV

Private Operating Foundations (see 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 2012, enter the date of the ruling....... bullet

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2012	(b) 2011	(c) 2010	(d) 2009	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ....
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets” alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment” alternative test— enter 2⁄3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support” alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

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

Check here bullet

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

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

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

cAny submission deadlines:

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

Form 990-PF (2012)

Page 10

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
GRACE TO YOU MINISTRIES PO BOX 4000 PANORAMA CITY,CA91412		PUBLIC	GENERAL FUND	65,000
ISTRUMA BAPTIST CHURCH 10500 SAM RUSHING DR BATON ROUGE,LA70816		PUBLIC	GENERAL FUND	10,000
FIRST BAPBTIST CHURCH OF NEW ORLEANS 5290 CANAL BLVD NEW ORLEANS,LA70124		PUBLIC	GENERAL FUND	10,000
Total ................................. 3a				85,000

bApproved for future payment

Total ................................. 3b

Form 990-PF (2012)

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 instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3Interest on savings and temporary cash investments
4 Dividends and interest from securities....		50,143
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6Net rental income or (loss) from personal property
7 Other investment income.....
8Gain or (loss) from sales of assets other than inventory
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		50,143

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

1350,143

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2012)

Page 12

Part XVII

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

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

Yes

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

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If “Yes,” complete the following schedule.

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

Sign Here

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.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name Firm's address			Firm's EIN
				Phone no.

Form 990-PF (2012)

Additional Data

Software ID:	12000057
Software Version:	12.18.605.2
Part VI Line 7 - Tax Paid Original Return:	2500

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

OMB No. 1545-0047

2012

Name of the organization

LEE FOUNDATION

Employer identification number

72-1452245

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or
property) from any one contributor. Complete Parts I and II.

Special Rules

For a section 501(c)(3) organization filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi) and received from any one contributor, during the year, a contribution of the
greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 for use exclusively for religious, charitable,
scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. Complete Parts I, II, and
III.

For a section 501(c)(7), (8), or (10) organization filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did
not total to more than $1,000. If this box is checked, enter here the total contributions that were received during
the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule
applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more
during the year ......................... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 2

Name of organization LEE FOUNDATION

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	TRANSWEST EQUITIES INC 9300 BLUEBONNET BLVD BATON ROUGE, LA 70810	$140,500	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	SOUTHWEST FINANCIAL MANAGEMENT 9300 BLUEBONNET BLVD BATON ROUGE, LA 70810	$50,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
3	WINIFRED LEE 1608 WET END PLACE ROUND ROCK, TX 78686	$26,000	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 3

Name of organization LEE FOUNDATION

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Page 4

Name of organization
LEE FOUNDATION

Employer identification number

72-1452245

Part III

Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet

$
Use duplicate copies of Part III if additional space is needed.

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a) No.
from
Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data

Software ID:	12000057
Software Version:	12.18.605.2

- TIN:

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

TY 2012 GainLossSaleOtherAssetsSch

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Total (net)
ALTRIA GROUP INC	2011-03	P	2012-02	SCHWAB	5,929	5,243	686
GALAGHER AUTHUR J	2011-03	P	2012-02	SCHWAB	993	886	107
CENTURY LINK INC	2008-07	P	2012-02	SCHWAB	2,119	1,973	146
CISCO SYSTEM INC	2010-11	P	2012-02	SCHWAB	3,538	3,609	-71
COSTCO WHSL CORP NEW	2005-04	P	2012-02	SCHWAB	16,893	9,383	7,510
KRAFT FOOD GROUPS	2009-03	P	2012-10	SCHWAB	15	8	7
SECTOR SPDR INDL SELECT	2011-08	P	2012-08	SCHWAB	2,586	2,133	453
WALMART STORES	2000-08	P	2012-02	SCHWAB	2,163	1,787	376
WELLS FARGO CO NEW	2009-03	P	2012-02	SCHWAB	1,548	673	875
ASSURED GUARANT	2011-06	P	2012-08	CAP 1	2,284	2,717	-433
ASSURED GUARANT	2011-09	P	2012-08	CAP 1	713	614	99
HERBALIFE LTD	2011-06	P	2012-08	CAP 1	3,316	3,441	-125
ACCO BRAND CORP	2010-06	P	2012-05	CAP 1	5	5
ACCO BRAND COPR	2010-06	P	2012-08	CAP 1	119	191	-72
AES CORP	2011-06	P	2012-08	CAP 1	3,572	3,759	-187
ATT	2011-06	P	2012-08	CAP 1	4,670	3,821	849
AETNA	2011-06	P	2012-08	CAP 1	2,686	3,129	-443
ALLIANCE DATA SYSTEMS	2011-06	P	2012-08	CAP 1	3,412	2,303	1,109
ALLIANT ENERGY COPR	2011-06	P	2012-08	CAP 1	4,270	3,710	560
AMERISOURCEBERGEN	2011-06	P	2012-08	CAP 1	4,574	4,930	-356
APACHE CORP	2011-06	P	2012-08	CAP 1	1,940	2,573	-633
APPLE	2011-06	P	2012-08	CAP 1	20,057	10,298	9,759
ARCHER DANIELS MIDLAND	2011-06	P	2012-08	CAP 1	1,663	1,926	-263
ARROW ELECTRONICS	2011-06	P	2012-08	CAP 1	2,104	2,160	-56
ASHLAND INC	2011-06	P	2012-08	CAP 1	2,969	2,458	511
ATMEL COPR	2011-06	P	2012-08	CAP 1	1,092	2,404	-1,312
BANK OF AMERICA	2011-06	P	2012-08	CAP 1	2,138	2,966	-828
BECTON DICINSON CO	2011-06	P	2012-04	CAP 1	1,549	1,709	-160
BECTON DICINSON CO	2011-06	P	2012-08	CAP 1	1,287	1,452	-165
BLYTH INC COM NEW	2012-05	P	2012-08	CAP 1	1,805	2,239	-434
CF INDS HLDGS INC	2012-01	P	2012-08	CAP 1	4,169	3,142	1,027
CSX COPR	2011-06	P	2012-08	CAP 1	3,877	4,760	-883
CVS CAREMARK CORP	2011-06	P	2012-08	CAP 1	3,992	3,381	611
CATERPILLAR	2011-06	P	2012-08	CAP 1	1,405	1,542	-137
CATERPILLAR	2011-09	P	2012-08	CAP 1	1,143	1,119	24
CATERPILLAR	2012-03	P	2012-08	CAP 1	616	786	-170
CHEVRON	2011-06	P	2012-08	CAP 1	9,597	8,478	1,119
CHEVRON	2011-09	P	2012-08	CAP 1	1,808	1,595	213
CITIGROUP	2011-06	P	2012-08	CAP 1	1,807	2,405	-598
CITCROUP	2011-09	P	2012-08	CAP 1	1,237	1,183	54
CLIFFS NATURAL RESOURCES	2011-06	P	2012-08	CAP 1	992	1,868	-876
COACH INC	2011-06	P	2012-08	CAP 1	2,844	3,117	-273
COCA COLA	2011-09	P	2012-08	CAP 1	3,685	3,261	424
COGNIZANT TECH SOLUTIONS	2011-06	P	2012-08	CAP 1	4,393	4,579	-186
COMCAST	2011-06	P	2012-08	CAP 1	6,882	4,746	2,136
DANAHER CORP	2011-06	P	2012-08	CAP 1	3,776	3,701	75
DISCOVER FINANCIAL	2011-06	P	2012-08	CAP 1	2,607	1,682	925
DISCOVER FINANCIAL	2011-09	P	2012-08	CAP 1	1,780	1,285	495
DISCOVER FINANCIAL	2011-11	P	2012-08	CAP 1	2,216	1,480	736
DIRECT TV	2011-06	P	2012-08	CAP 1	4,885	4,368	517
DUPONT E I DE NEMOURS CO	2010-06	P	2012-01	CAP 1	3,181	2,208	973
EASTWEST BANCOPR	2011-06	P	2012-08	CAP 1	2,009	1,821	188
EASTWEST BANCOPR	2011-09	P	2012-08	CAP 1	772	596	176
EXXON MOBIL	2011-06	P	2012-08	CAP 1	9,221	8,312	909
EXXON MOBIL	2001-09	P	2012-08	CAP 1	1,142	972	170
FS NETWORKS	2011-06	P	2012-08	CAP 1	1,800	1,789	11
FS NETWORKS	2011-09	P	2012-08	CAP 1	1,001	833	168
FOOT LOCKER	2011-09	P	2012-08	CAP 1	2,703	1,754	949
FREEPORT-MCMORAN COPPER	2011-06	P	2012-08	CAP 1	1,324	1,773	-449
GAMSTOP CORP	2011-06	P	2012-08	CAP 1	1,655	2,460	-805
GENERAL DYNAMICS	2011-06	P	2012-08	CAP 1	2,020	2,302	-282
GENERAL ELECTRIC CO	2010-06	P	2012-08	CAP 1	4,494	4,047	447
GILEAD SCIENCES	2011-06	P	2012-08	CAP 1	3,833	2,693	1,140
GODDYEAR TIRES RUBBER	2011-06	P	2012-08	CAP 1	1,546	1,942	-396
WW GRAINGER INC	2011-06	P	2012-08	CAP 1	6,968	5,097	1,871
HALIBURTON	2011-06	P	2012-08	CAP 1	2,194	2,907	-713
HILL-ROM HOLDINGS	2011-09	P	2012-08	CAP 1	1,654	1,936	-282
HUMANNA INC CO	2012-04	P	2012-08	CAP 1	2,450	3,292	-842
INTEL	2011-06	P	2012-08	CAP 1	3,915	3,139	776
INTERNATIONAL BUSINESS MACHINE	2011-06	P	2012-08	CAP 1	8,548	7,065	1,483
INTERNATIONAL RECTIFIER	2011-06	P	2012-08	CAP 1	1,156	1,569	-413
ISHARES RUSSELL 2000 VALUE INDEX	2011-05	P	2012-01	CAP 1	6,314	7,051	-737
ISHARES RUSSELL 2000 VALUE INDEX	2011-08	P	2012-01	CAP 1	15,194	14,258	936
J P MORGAN CHASE	2011-06	P	2012-08	CAP 1	5,762	6,410	-648
JARDEN CORP COM	2012-03	P	2012-08	CAP 1	3,489	2,905	584
JOHNSON JOHNSON	2011-06	P	2012-08	CAP 1	4,785	4,646	139
KENNAMETAL INC	2012-04	P	2012-08	CAP 1	2,740	3,344	-604
LIMITED BRANDS	2011-06	P	2012-08	CAP 1	2,500	1,822	678
LIMITED BRANDS	2011-09	P	2012-08	CAP 1	982	835	147
LINCOLN NATIONAL CORP	2011-06	P	2012-08	CAP 1	1,871	2,211	-340
LINCOLN NATIONAL CORP	2011-09	P	2012-08	CAP 1	1,145	955	190
LIQUIDITY SERVICES INC.	2011-09	P	2012-08	CAP 1	2,682	1,916	766
MACYS	2011-06	P	2012-08	CAP 1	3,268	2,369	899
MACYS	2011-09	P	2012-08	CAP 1	903	665	238
MARATHON OIL	2011-06	P	2012-08	CAP 1	2,643	2,920	-277
MARATJPM ETE CPR CP,	2010-06	P	2012-08	CAP 1	2,748	2,305	443
MASTERCARED	2011-06	P	2012-08	CAP 1	4,230	2,673	1,557
MCDERMOTT INTERNATIONAL	2011-06	P	2012-08	CAP 1	723	1,197	-474
MCDERMOTT INTERNATIONAL	2011-09	P	2012-08	CAP 1	1,034	1,236	-202
MCDONALDS	2011-06	P	2012-08	CAP 1	3,247	3,046	201
MCKESSON	2011-06	P	2012-08	CAP 1	4,848	4,510	338
MEADWESTVACO CORP	2011-06	P	2012-08	CAP 1	1,492	1,460	32
METLIFE	2011-06	P	2012-08	CAP 1	2,527	2,941	-414
METRO PCS COMMUNICATIONS	2011-06	P	2012-08	CAP 1	786	1,418	-632
METRO PCS COMMUNICATIONS	2011-09	P	2012-08	CAP 1	523	585	-62
MICROSOFT	2011-06	P	2012-08	CAP 1	4,235	3,381	854
MONSTER BEV CORP	2010-06	P	2012-08	CAP 1	5,895	3,957	1,938
NII HOLDINGS	2011-06	P	2012-08	CAP 1	416	2,617	-2,201
NASDAQ OMZ GROUP	2011-11	P	2012-08	CAP 1	2,490	2,813	-323
MATIONAL-OILWELL INC	2011-06	P	2012-08	CAP 1	3,115	2,865	250
ORACLE	2011-06	P	2012-08	CAP 1	4,190	4,224	-34
PEABODY ENERGY	2011-06	P	2012-08	CAP 1	646	1,505	-859
PERKINELMER INC COM	2012-04	P	2012-08	CAP 1	1,553	1,548	5
PFIZER	2011-06	P	2012-08	CAP 1	3,607	3,070	537
PHILIP MORRIS	2011-06	P	2012-08	CAP 1	4,231	3,154	1,077
PHILIP MORRIS	2011-09	P	2012-08	CAP 1	1,657	1,244	413
PRICELINE	2011-06	P	2012-08	CAP 1	5,057	4,176	881
PRICTER GAMBLE	2011-06	P	2012-03	CAP 1	2,886	2,787	99
QUALCOMM	2011-06	P	2012-08	CAP 1	3,152	2,711	441
RAYONIER	2011-06	P	2012-08	CAP 1	1,866	1,678	188
ROSS STORES	2011-06	P	2012-08	CAP 1	3,756	2,114	1,642
ROVI CORP	2011-06	P	2012-08	CAP 1	817	3,028	-2,211
SPDR Sp 500 EFT TRUST	2011-12	P	2012-08	CAP 1	11,217	9,947	1,270
SIMON PROPERTY GROUP	2011-08	P	2012-08	CAP 1	3,292	2,493	799
SMITHFIELD FOODS	2011-06	P	2012-08	CAP 1	2,134	2,460	-326
TERADYNA INC	2011-06	P	2012-08	CAP 1	1,888	1,695	193
THERMO FISHER	2011-06	P	2012-08	CAP 1	3,120	3,408	-288
TIMKEN	2011-06	P	2012-04	CAP 1	1,706	1,555	151
TIMKEN	2011-09	P	2012-04	CAP 1	1,606	1,163	443
TORO	2011-06	P	2012-08	CAP 1	2,651	2,123	528
TRAVELERS COMPANIES	2011-06	P	2012-08	CAP 1	3,123	2,836	287
TUPPERWARE BRANDS	2011-06	P	2012-08	CAP 1	2,521	2,946	-425
UNION PAC COPR	2012-03	P	2012-08	CAP 1	3,518	3,146	372
UNITED TECHNOLOGIES	2011-06	P	2012-08	CAP 1	2,547	2,812	-265
UNITED THERAPEUTICS	2011-06	P	2012-08	CAP 1	1,924	1,921	3
UNITED HEALTH GROUP INC	2011-06	P	2012-04	CAP 1	3,284	2,954	330
VANGUARD MSCI EMERING MARKET	2011-05	P	2012-01	CAP 1	2,726	3,382	-656
VANGUARD MSCI EMERING MARKET	2011-08	P	2012-01	CAP 1	6,380	6,993	-613
VANGUARD MSCI EMERING MARKET	2011-12	P	2012-08	CAP 1	1,174	1,147	27
WELLS FARGO	2011-06	P	2012-08	CAP 1	4,050	3,283	767
WELLS FARGO	2011-09	P	2012-08	CAP 1	811	598	213
WHITING PETROLEUM CORP	2011-06	P	2012-08	CAP 1	2,768	3,381	-613
WILLIAMS COMPANIES INC	2011-06	P	2012-08	CAP 1	3,383	2,482	901
WPX ENERGY	2010-06	P	2012-01	CAP 1	11	11
WPX ENERGY	2010-06	P	2012-08	CAP 1	529	552	-23
WYNN RESORTS	2011-06	P	2012-08	CAP 1	1,402	1,842	-440
WYNN RESORTS	2011-09	P	2012-08	CAP 1	802	1,270	-468
VARIOUS MUTUAL FUNDS	2012-04	P	2012-08	CAP 1	11,404		11,404
FIXED ASSET MUTUAL FUND	2012-04	P	2012-08	CAP 1	4,120		4,120
PRINCIPAL HIGH YEILD	2010-06	P	2012-08	SCHWAB	123		123
TWEEDY BROWNE GLOBAL	2010-06	P	2012-08	SCHWAB	3,285		3,285

- TIN:

TY 2012 GeneralExplanationAttachment

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Identifier	Return Reference	Explanation

- TIN:

TY 2012 InvestmentsCorpStockSchedule

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Name of Stock	End of Year Book Value	End of Year Fair Market Value
Various Stocks	1,167,123	852,926
Mutual Funds	219,044	596,758

- TIN:

TY 2012 InvestmentsGovtObligationsSch

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

US Government Securities - End of Year Book Value:

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

10,290

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

10,290

- TIN:

TY 2012 InvestmentsOtherSchedule2

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
IRAQI DINARS		49,520	49,520

- TIN:

TY 2012 OtherDecreasesSchedule

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Description	Amount
2011 EXCISE TAX NOT DEDUCTED ON TAX RETURN	2,458

- TIN:

TY 2012 OtherProfessionalFeesSchedule

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Management fees - cap 1	6,024	6,024	6,024
Mangagement fees - schwab	9,761	9,761	9,761

- TIN:

TY 2012 TaxesSchedule

Name:

LEE FOUNDATION

EIN: 72-1452245

Software ID:12000057

Software Version:12.18.605.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	191	191	191