Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter Social Security numbers on this form as it may be made public. By law, the IRS cannot redact the information on the form.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2013
Open to Public Inspection
For calendar year 2013, or tax year beginning 01-01-2013 , and ending 12-31-2013
Name of foundation
CHASE FOUNDATION
MACK C CHASE TRUSTEE

Number and street (or P.O. box number if mail is not delivered to street address)510 W TEXAS AVE   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ARTESIA, NM88210
A Employer identification number

36-7466258
B Telephone number (see instructions)

(575) 746-4610
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$45,511,982J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 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) 100,907
2 Check bullet
3 Interest on savings and temporary cash investments 106 106 106
4 Dividends and interest from securities...... 1,161,528 1,161,528 1,161,528
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 759,452
b Gross sales price for all assets on line 6a 13,877,242
7 Capital gain net income (from Part IV, line 2)... 759,452
8 Net short-term capital gain......... 146,319
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 137,754 137,755 137,755
12 Total. Add lines 1 through 11........ 2,159,747 2,058,841 1,445,708
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 42,346     42,346
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 24,388     24,388
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 26,052 22,094   3,958
19 Depreciation (attach schedule) and depletion... Click to see attachment 14,159    
20 Occupancy..............        
21 Travel, conferences, and meetings....... 10,429     10,428
22 Printing and publications.......... 6,112     6,112
23 Other expenses (attach schedule)....... Click to see list of attachments 402,403 202,526   199,876
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 525,889 224,620   287,108
25 Contributions, gifts, grants paid........ 2,152,038 2,152,038
26 Total expenses and disbursements. Add lines 24 and 25 2,677,927 224,620   2,439,146
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -518,180
b Net investment income (if negative, enter -0-) 1,834,221
c Adjusted net income (if negative, enter -0-)... 1,445,708
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2013)
Form 990-PF (2013)
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............... 25,732 64,176 64,176
2 Savings and temporary cash investments.......... 2,160 4,103 4,103
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 24,570,952 Click to see attachment22,307,041 28,075,563
c Investments—corporate bonds (attach schedule)........ 7,806,827 Click to see attachment6,663,945 6,617,760
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 6,774,030 Click to see attachment9,685,223 10,474,650
14 Land, buildings, and equipment: basis bullet275,730
Less: accumulated depreciation (attach schedule) bullet81,620 201,169 Click to see attachment194,110 275,730
15 Other assets (describe bullet) Click to see attachment55,446    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,436,316 38,918,598 45,511,982
Liabilities 17 Accounts payable and accrued expenses.......... 2,324 2,786
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).......... 2,324 2,786
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......... 39,433,992 38,915,812
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).................... 39,433,992 38,915,812
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 39,436,316 38,918,598
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 39,433,992
2 Enter amount from Part I, line 27a..................... 2 -518,180
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 38,915,812
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 38,915,812
Form 990-PF (2013)
Form 990-PF (2013)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1a
b
c
d
e
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 759,452
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 . . . . . . . . . . . . . . . . 		Bracket 3 146,319
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))
2012 2,358,770 41,831,959 0.05639
2011 1,584,114 43,110,589 0.03675
2010 2,717,081 40,296,725 0.06743
2009 1,744,199 18,336,223 0.09512
2008 1,695,941 11,570,363 0.14658
2 Total of line 1, column (d) ...................... 2 0.40226
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 0.08045
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 42,884,748
5 Multiply line 4 by line 3....................... 5 3,450,164
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 18,342
7 Add lines 5 and 6......................... 7 3,468,506
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,439,146
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 (2013)
Form 990-PF (2013)
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 36,684
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 36,684
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 36,684
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 19,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 19,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 283
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 17,967
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 2014 estimated taxBullet   RefundedBullet 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 instructions)
    bullet
    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 2013 or the taxable year beginning in 2013 (see instructions for Part XIV)?
    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 instructions) .............
    11
     
    No
    12
    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).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.chasefoundation.com
    14
    The books are in care ofbulletJOHNATHAN L SHUMAN Telephone no.bullet (575) 748-1213
    Located atbullet512 W TEXAS AVEARTESIANM ZIP+4bullet88210
    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 2013, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    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 (2013)
    Form 990-PF (2013)
    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 2013?.............
    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 2013, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2013?...............
    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 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 2013 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 2013.)....................
    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 2013?
    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 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 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 (2013)
    Form 990-PF (2013)
    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
    MACK C CHASE TRUSTEE & ADVIS
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    RICHARD PRICE Executive Direc
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    MARILYN CHASE ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    GERENE FERGUSON ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    ROBERT CHASE ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    DEB CHASE ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    RICHARD CHASE ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    KARLA CHASE ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    JOHNNY KNORR ADVISOR
    0.00     		0    
    510 W TEXAS AVE
    ARTESIA,NM88210
    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
    NONE
    Total number of other employees paid over $50,000...................bullet  
    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
    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 (2013)
    Form 990-PF (2013)
    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.)
    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
     
    b
    Average of monthly cash balances.......................
    1b
     
    c
    Fair market value of all other assets (see instructions)................
    1c
     
    d
    Total (add lines 1a, b, and c).........................
    1d
     
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
     
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
     
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
     
    6
    Minimum investment return. Enter 5% of line 5..................
    6
     
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,144,237
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    36,684
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,684
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,107,553
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,107,553
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    2,107,553
    Part XII
    Qualifying Distributions (see 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
     
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
     
    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 instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
     
    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 (2013)
    Form 990-PF (2013)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2012     		(c)
    2012     		(d)
    2013
    1 Distributable amount for 2013 from Part XI, line 7 2,107,553
    2 Undistributed income, if any, as of the end of 2013:
    a Enter amount for 2012 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2013:
    a From 2008....... 1,166,138
    b From 2009....... 1,139,437
    c From 2010....... 1,186,403
    d From 2011.......  
    e From 2012....... 287,726
    fTotal of lines 3a through e......... 3,779,704
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 2,439,146
    a Applied to 2012, 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).........     		0
    d Applied to 2013 distributable amount..... 2,107,553
    e Remaining amount distributed out of corpus 331,593
    5 Excess distributions carryover applied to 2013.    
    (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 4,111,297
    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 2012. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2013. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2014 ..........     		0
    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 2008 not
    applied on line 5 or line 7 (see instructions) ...     		1,166,138
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		2,945,159
    10 Analysis of line 9:
    a Excess from 2009.... 1,139,437
    b Excess from 2010.... 1,186,403
    c Excess from 2011....  
    d Excess from 2012.... 287,726
    e Excess from 2013.... 331,593
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 2013, 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) 2013 (b) 2012 (c) 2011 (d) 2010
             
    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
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHASE FOUNDATION
    510 W TEXAS AVE
    ARTESIA,NM88210
    (575) 746-4610
    scholarships@chasefoundation.com
    bThe form in which applications should be submitted and information and materials they should include:
    SEE SCHOLARSHIP APPLICATION FORMS AT www.chasefoundation.com
    cAny submission deadlines:
    BEGINS APL. 2, 2014 FOR 2014 SCHOLARSHIP GRANTS ENDS JUNE 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRADUATING SENIOR AT ARTESIA NM HIGH SCHOOL AND PRIOR AWARD RECIPIENTS
    Form 990-PF (2013)
    Form 990-PF (2013)
    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
    GREATER ARTESIA FOUNDATION
    105 S 4TH STREET
    ARTESIA,NM88210     		NONE NO GRANT: VARIOUS PROGRAM EVENTS 40,000
    ARTESIA PUBLIC SCHOOLS
    1106 W QUAY AVE
    ARTESIA,NM88210     		NONE NO AHS VARIOUS ORGANIZATION/GROUPS 74,500
    WAYLAND BAPTIST UNIVERSITY
    1900 W 17TH STREET
    PLAINVIEW,TX79072     		NONE NO TEACHER SCHOLARSHIP 53,888
    GEORGE W BUSH FOUNDATION
    6116 N CENTRAL EXPRESSWAY
    DALLAS,TX75206     		NONE YES PROGRAM SUPPORT 250,000
    SHERIDAN ROTARY FOUNDATION
    PO BOX 997
    SHERIDAN,WY82801     		NONE NO WOUNDED WARRIORS 7,500
    CASA
    118 W MERMOD
    CARLSBAD,NM88220     		NONE NO SPECIAL EVENT VOIDED CHECK -1,000
    ST VINCENT DE PAUL SOCIETY
    603 S ROSELAWN
    ARTESIA,NM88210     		NONE NO FOOD & EMERGENCY ASSISTANCE 3,200
    CITY OF ARTESIA
    PO BOX 1310
    ARTESIA,NM88211     		NONE NO PLAYGROUND 25,000
    ESPARANZA HOUSE
    PO BOX 454
    ARTESIA,NM88210     		NONE NO PROGRAM SUPPORT - EQUIPMENT 5,000
    FIRST TEE OF PECOS VALLEY
    201 W 19TH ST
    ROSWELL,NM88201     		NONE NO PROGRAM SUPPORT 2,500
    REINS FOR LIFE
    370 CADDO RD
    DEXTER,NM88230     		NONE NO PROGRAM SUPPORT 5,000
    FOREVER FREE FELLOWSHIP
    801 W GRAND AVE
    ARTESIA,NM88210     		NONE NO STUDENT RECOVERY PROGRAM 200
    ANGELO STATE UNIVERSITY
    ASU STATION 11015
    SAN ANGELO,TX76909     		NONE NO SCHOLARSHIPS 26,000
    ARIZONA STATE UNIVERSITY
    1151 S FORREST AVE
    TEMPE,AZ85287     		NONE NO SCHOLARSHIPS 6,000
    BRINGHAM YOUNG UNIVERSITY
    100 KIMBALL BUILDING 1610
    REXBURG,ID83460     		NONE NO SCHOLARSHIPS 3,000
    CENTRAL NM UNIVERSITY
    900 UNIVERSITY AVE SE
    ALBUQUERQUE,NM87106     		NONE NO SCHOLARSHIPS 11,750
    CHEMEKETA COMMUNITY COLLEGE
    4000 LANDERCATER
    SALEM,OR97309     		NONE NO SCHOLARHIPS 6,000
    CLOVIS COMMUNITY COLLEGE
    417 SCHEPPS BLVD
    CLOVIS,NM88101     		NONE NO SCHOLARSHIPS 2,750
    DONA ANA COMMUNITY COLLEGE
    3400 S ESPINA STREET
    LAS CRUCES,NM88003     		NONE NO SCHOLARHIPS 26,500
    EASTERN NEW MEXICO UNIVERSITY
    1500 S AVE K
    PORTALES,NM88130     		NONE NO SCHOLARSHIPS 139,450
    EMBRY RIDDLE AERONAUTICAL
    3700 WILLOW CREEK RD
    PRESCOTT,AZ86301     		NONE NO SCHOLARSHIPS 5,750
    ENMU - ROSWELL
    52 UNIVERSITY BLVD
    ROSWELL,NM88202     		NONE NO SCHOLARSHIPS 49,750
    GALLAUDET UNIVERSITY
    800 FLORIDA AVENUE NE
    WASHINGTON,DC20002     		NONE NO SCHOLARSHIPS 6,000
    GEORGETOWN UNIVERSITY
    37T O STREET
    WASHINGTON,DC20057     		NONE NO SCHOLARSHIPS 3,000
    GEORGIA COLLEGE AND STATE UNIVERSIT
    321 W HANCOCK STREET
    MILLEDGEVILLE,GA31061     		NONE NO SCHOLARSHIPS 6,000
    GILLETTE COLLEGE
    300 WEST SINCLAIR
    GELLETE,WY82718     		NONE NO SCHOLARSHIPS 6,000
    HARDIN SIMMONS
    2200 HICKORY ST
    ABILENE,TX79601     		NONE NO SCHOLARSHIPS 11,500
    LE CORDON BLEU COLLEGE OF CUL
    8100 E CAMELBACK RD SUITE 1001
    SCOTTSDALE,AZ85251     		NONE NO SCHOLARSHIPS 8,250
    LINCOLN COLLEGE OF TECHNOLOGY
    11194 E 45TH AVE
    DENVER,CO80239     		NONE NO SCHOLARSHIPS 3,000
    LUBBOCK CHRISTIAN UNIVERSITY
    5601 19TH STREET
    LUBBOCK,TX79407     		NONE NO SCHOLARSHIPS 37,750
    MCMURRY UNIVERSITY
    1400 SYLES BOULEVARD
    ABILENE,TX79697     		NONE NO SCHOLARSHIPS 14,500
    MESA STATE COLLEGE
    1100 NORTH AVENUE
    GAND JUNCTION,CO81501     		NONE NO SCHOLARSHIPS 3,000
    METROPOLITAN STATE COLLEGE - DENVER
    AURARIE HIGHER ED CENTER
    DENVER,CO80204     		NONE NO SCHOLARSHIPS 5,500
    MOODY BIBLE INSTITUTE
    820 N LASALLE BLVD
    CHICAGO,IL60610     		NONE NO SCHOLARSHIPS 5,500
    NM INSTITUTE OF MINING AND TECHNOLO
    801 LEROY PLACE
    SOCORRO,NM87801     		NONE NO SCHOLARSHIPS 17,500
    NM JUNIOR COLLEGE
    1 THUNDERBIRD CICLE
    HOBBS,NM88240     		NONE NO SCHOLARSHIPS 22,750
    NM HIGHLANDS UNIVERSITY
    1005 DIAMOND AVENUE
    LAS VEGAS,NM87707     		NONE NO SCHOLARSHIPS 2,750
    NM MILITARY INSTITUTE
    101 W COLLEGE BLVD
    ROSWELL,NM88201     		NONE NO SCHOLARSHIPS 8,750
    NM STATE UNIVERSITY
    UNIVERSITY AVENUE
    LAS CRUCES,NM88003     		NONE NO SCHOLARSHIPS 486,050
    NMSU - CARLSBAD
    1500 UNIVERSITY DRIVE
    CARLSBAD,NM88220     		NONE NO SCHOLARSHIPS 10,500
    OKLAHOMA CITY UNIVERSITY
    2501 NORTH BLACKWELDER
    OKLAHOMA CITY,OK73106     		NONE NO SCHOLARSHIPS 3,000
    OKLAHOMA STATE UNIVERSITY
    113 STUDENT UNION
    STILLWATER,OK74078     		NONE NO SCHOLARSHIPS 23,000
    OTERO JUNIOR COLLEGE
    1802 COLORADO AVE
    LA JUNTA,CO81050     		NONE NO SCHOLARSHIPS 5,750
    SOUTHWESTERN ASSEMBLIES OF GOD UNIV
    1200 SYCAMORE ST
    WAXAHACHIE,TX75165     		NONE NO SCHOLARSHIPS 16,750
    SANTA FE UNIVERSITY OF ART DESIGN
    1600 SAINT MICHAELS DRIVE
    SANTA FE,NM87505     		NONE NO SCHOLARSHIPS 5,500
    SEWARD COUNTY COMMUNITY COLLEGE
    1801 N KANSAS
    LIBERAL,KS67905     		NONE NO SCHOLARSHIPS 5,750
    SOUTH PLAINS COLLEGE
    1401 S COLLEGE AVE
    LEVELLAND,TX79336     		NONE NO SCHOLARSHIPS 25,250
    SOUTHWESTERN UNIVERSITY
    1001 E UNIVERSITY AVENUE
    GEORGETOWN,TX78626     		NONE NO SCHOLARSHIPS 3,000
    TARLETON STATE UNIVERSITY
    BOX T-0760 TARLETON CENTER 123
    STEPHENVILLE,TX76401     		NONE NO SCHOLARSHIPS 6,000
    TEXAS A M UNIVERSITY
    THE PAVILION 208 SPENCE STREET
    COLLEGE STATION,TX77843     		NONE NO SCHOLARSHIPS 5,500
    TEXAS CHRISTIAN UNIVERSITY
    2800 S UNIVERSTIY DRIVE
    FORT WORTH,TX76129     		NONE NO SCHOLARSHIPS 11,250
    TEXAS TECH UNIVERSITY
    PO BOX 42031
    LUBBOCK,TX79409     		NONE NO SCHOLARSHIPS 215,250
    UNIVERSITY OF DENVER
    2197 S UNIVERSITY BLVD
    DENVER,CO80208     		NONE NO SCHOLARSHIPS 11,500
    UNIVERSITY OF HOUSTON VICTORIA
    3007 N BEN WILSON
    VICTORIA,TX77901     		NONE NO SCHOLARSHIPS 3,000
    UNIVERSITY OF NEW MEXICO
    1155 UNIVERSITY BLVD SE
    ALBUQUERQUE,NM87106     		NONE NO SCHOLARSHIPS 253,700
    UNIVERSITY OF OKLAHOMA
    PO BOX 26901
    OKLAHOMA CITY,OK73104     		NONE NO SCHOLARSHIPS 3,000
    UNIVERSITY OF WYOMING
    1000 E UNIVERSITY AVE
    LARAMIE,WY82071     		NONE NO SCHOLARSHIPS 8,750
    WAYLAND BAPTIST UNIVERSITY
    1900 W 77TH STREET 62
    PLAINVIEW,TX79072     		NONE NO SCHOLARSHIPS 23,000
    WEST TEXAS AM UNIVERSITY
    2403 RUSSELL LONG BLVD
    CANYON,TX79016     		NONE NO SCHOLARSHIPS 20,000
    ARTESIA ARTS COUNCIL
    510 W MAIN
    ARTESIA,NM88210     		NONE NO PERFORMING ARTS CENTER 10,000
    ARTESIA MAINSTREET
    510 W MAIN STREET
    ARTESIA,NM88210     		NONE NO PROGRAM SUPPORT 2,000
    BUSH INSTITUTE
    PO BOX 600610
    DALLAS,TX75360     		NONE NO PRESIDENTIAL LIBRARY 10,000
    NM HIGH SCHOOL RAQUETBALL
    1903 BRISCOE
    ARTESIA,NM88210     		NONE NO PROGRAM SUPPORT 1,500
    WESTERN STATE COLLEGE
    600 S ADAMS ST
    GUNNISON,CO81231     		NONE NO PROGRAM SUPPORT 10,000
    ADAMS STATE UNIVERSITY
    208 EDGEMONT BLVD
    ALAMOSA,CO81102     		NONE NO SCHOLARSHIP 3,000
    ART INSTITUTE OF CALIFORNIA
    2900 31ST ST
    SANTA MONICA,CA90405     		NONE NO SCHOLARSHIP 2,750
    BLINN COLLEGE
    902 COLLEGE AVE
    BRENHAM,TX77833     		NONE NO SCHOLARSHIP 2,750
    CLAREDON COLLEGE
    1122 COLLEGE DRIVE
    CLARENDON,TX79226     		NONE NO SCHOLARSHIP 2,750
    COLORADO SCHOOL OF MINES
    1500 ILLINOIS ST
    GOLDEN,CO80401     		NONE NO SCHOLARSHIP 2,750
    CONCHISE COLLEGE
    4190 W HIGHWAY 90
    DOUGLAS,AZ85607     		NONE NO SCHOLARSHIP 2,750
    DALLAS BAPTIST UNIVERSITY
    3000 MOUNTAIN CREEK PARKWAY
    DALLAS,TX75211     		NONE NO SCHOLARSHIP 12,000
    KAPLAN COLLEGE
    7009 Nordic Drive
    Cedar Falls,IA50613     		NONE NO SCHOLARSHIP 3,000
    ODESSA COLLEGE
    201 W University Blvd
    ODESSA,TX79764     		NONE NO SCHOLARSHIP 2,750
    OLYMPIAN UNIVERSITY
    4501 N MAIN ST
    ROSWELL,NM88202     		NONE NO SCHOLARSHIP 2,750
    SCHREINER UNIVERSITY
    2100 San Antonio Hwy
    KERRVILLE,TX78028     		NONE NO SCHOLARSHIP 5,500
    ST MARY'S UNIVERSITY SAN ANTONIO
    1 Camino Santa Maria
    SAN ANTONIO,TX78228     		NONE NO SCHOLARSHIP 2,750
    TRINIDAD COLLEGE
    600 PROSPECT ST
    TRINIDAD,CO81082     		NONE NO SCHOLARSHIP 2,750
    UNIVERSITY OF ARIZONA
    1428 E UNIVERSITY BLVD
    TUCSON,AZ85721     		NONE NO SCHOLARSHIP 2,750
    UNIVERSITY OF NC WILMINGTON
    601 S COLLEGE RD
    WILMINGTON,NC28403     		NONE NO SCHOLARSHIP 3,000
    UNIVERSITY OF TEXAS ARLINGTON
    701 South Nedderman Drive
    ARLINGTON,TX76019     		NONE NO SCHOLARSHIP 2,750
    UNIVERSITY OF TEXAS PERMIAN BASIN
    4901 E UNIVERSITY BLVD
    ODESSA,TX79762     		NONE NO SCHOLARSHIP 2,750
    UNIVERSITY OF TEXAS SAN ANTONIO
    1 UTSA CIR
    SAN ANTONIO,TX78249     		NONE NO SCHOLARSHIP 2,750
    UNIVERSITY OF THE SOUTHWEST
    6610 N LOVINGTON HWY
    HOBBS,NM88242     		NONE NO SCHOLARSHIP 2,750
    WESTERN NEW MEXICO
    1000 W COLLEGE AVE
    SILVER CITY,NM88062     		NONE NO SCHOLARSHIP 800
    WYOTECH INSTITUTE LARAMIE
    4373 NORTH 3RD ST
    LARAMIE,WY82072     		NONE NO SCHOLARSHIP 2,750
    Total .................................bullet 3a 2,152,038
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2013)
    Form 990-PF (2013)
    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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3
    Interest on savings and temporary cash investments ............     		    14 106  
    4 Dividends and interest from securities....     14 1,161,528  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property .............     		         
    7 Other investment income.....       137,754  
    8
    Gain or (loss) from sales of assets other than inventory .............     		        759,452
    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)..   1,299,388 759,452
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,058,840
    (See worksheet in line 13 instructions 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 foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2013)
    Form 990-PF (2013)
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political
    Yes
    No
    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
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2013)
    Additional Data


    Software ID: 13000170
    Software Version: 2013v3.1


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING - TAX PREPARATION 24,388 0 0 24,388

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

    TY 2013 DepreciationSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    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
    OFFICE BUILDING 2006-10-01 171,000 30,695 91 39.0000 4,385      
    OFFICE FURNITURE 2007-05-24 1,267 709 91 10.0000 127      
    OFFICE FURNITURE 2007-06-04 1,082 603 91 10.0000 108      
    OFFICE FURNITURE 2007-09-10 446 240 91 10.0000 45      
    OFFICE FURNITURE 2007-09-20 3,780 1,985 91 10.0000 378      
    OFFICE FURNITURE 2007-11-08 714 367 91 10.0000 71      
    OFFICE FURNITURE 2007-11-19 143 71 91 10.0000 14      
    OFFICE FURNITURE 2006-12-15 4,734 2,897 91 10.0000 473      
    OFFICE FURNITURE 2008-01-10 529 265 91 10.0000 53      
    OFFICE FURNITURE 2008-02-06 1,696 835 91 10.0000 170      
    OFFICE FURNITURE - CARPET 2008-08-04 406 181 91 10.0000 41      
    BUILDING 2008-09-09 4,938 550 91 39.0000 127      
    COMPUTER EQUIPMENT 2008-10-14 86 72 91 5.0000 14      
    OFFICE EQUIPMENT 2008-11-12 331 196 91 7.0000 47      
    OFFICE FURNITURE 2008-11-12 146 62 91 10.0000 15      
    COMPUTER EQUIPMENT 2008-12-02 64 53 91 5.0000 11      
    OFFICE BUILDING - GLASS 2008-12-02 4,730 494 91 39.0000 121      
    COMPUTER EQUIPMENT 2008-12-11 64 53 91 5.0000 11      
    HVAC 2010-05-12 10,434 3,976 91 7.0000 1,491      
    OFFICE FURNITURE 2010-02-28 15,422 8,738 91 5.0000 3,084      
    OFFICE FURNITURE 2011-05-18 2,547 806 91 5.0000 509      
    COMPUTER EQUIPMENT 2011-09-01 2,161 576 91 5.0000 432      
    COMPUTER EQUIPMENT 2012-05-14 4,388 585 91 5.0000 878      
    OFFICE FURNITURE 2012-05-18 1,490 174 91 5.0000 298      
    COMPUTER EQUIPMENT 2012-06-25 3,324 332 91 5.0000 665      
    OFFICE FURNITURE 2012-07-10 1,525 153 91 5.0000 305      
    OFFICE FURNITURE 2012-12-11 401 11 91 3.0000 134      
    BUILDING IMPR. - STUCCO 2013-02-22 7,100   91 39.0000 152      

    TY 2013 InvestmentsCorpBondsSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH - 7EG-04044 1,966,998 1,979,108
    MERRILL LYNCH - LOOMIS SAYLES 1,986,065 1,975,509
    GOLDMAN SACHS - GSAM: TAXABLE 2,710,882 2,663,143

    TY 2013 InvestmentsCorpStockSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Name of Stock End of Year Book Value End of Year Fair Market Value
    MERRILL LYNCH - 7EG-02041 10,845 2,676,376
    MERRILL LYNCH - 7EG-02042 13,875,737 15,626,219
    MERRILL LYNCH - 7EG-02043 847,193 943,534
    MERRILL LYNCH - 7EG-02019 1,406,056 1,581,350
    GOLDMAN SACHS - BROKERAGE 1,030,321 1,140,748
    GOLDMAN SACHS - ADVISORY BROKERAGE 1,997,169 2,026,533
    GOLDMAN SACHS - LORD ABBETT 520,426 614,264
    GOLDMAN SACHS - GANNETT WELSH 432,859 600,033
    GOLDMAN SACKS - YACKTMAN 678,321 868,867
    GOLDMAN SACHS - DIAMOND HILL 766,871 1,006,523
    GOLDMAN SACHS - AVENIR: DYNANIC EQ 741,243 991,116

    TY 2013 InvestmentsOtherSchedule2
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERRILL LYNCH - 7EG-02040 AT COST 3,600,000 4,389,427
    ENCAP ENERGY CAPITAL FUND AT COST 3,089,053 3,089,053
    PENNY BACKER AT COST 684,466 684,466
    QSI HOLDINGS, L.P. AT COST 616,610 616,610
    ENCAP FLATROCK AT COST 398,262 398,262
    NGP NATURAL RESOURCES AT COST 662,629 662,629
    ENCAP ENERGY IX AT COST 637,896 637,896
    PENNY BACKER III AT COST 3,693 3,693

    TY 2013 LandEtcSchedule2
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 46,596 27,697 18,899 58,528
    Buildings 198,202 41,991 156,211 198,202
    Land 19,000   19,000 19,000
    Miscellaneous 11,932 11,932    


    TY 2013 OtherExpensesSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 8,152     8,152
    AUTOMOBILE EXPENSES 9,113     9,113
    BANK CHARGES 286     286
    COMMUNITY SERVICE 31,764     31,764
    DUES AND SUBSCRIPTIONS 1,363     1,363
    EDUCATIONAL GUIDE 1,022     1,022
    EQUIPMENT LEASE 1,675     1,675
    EVENT SPONSOR 4,640     4,640
    INSURANCE 4,758     4,758
    INVESTMENT FEES 202,526 202,526    
    MACK SELECT FUNDRAISER 4,162     4,162
    MAINTENANCE AND REPAIR 1,505     1,505
    MARKETING 202     202
    MEETINGS/LUNCHEON 408     408
    OFFICE SUPPLIES 3,655     3,655
    PENALTY & FINES 2,800     2,800
    PHOTOGRAPHY 484     483
    POSTAGE 4,206     4,206
    PROPERTY TAX 1,564     1,564
    SCHOLARSHIP MENTORING PROGRAMS 24,714     24,714
    SCHOLARSHIP RECEPTIONS 59,798     59,798
    SPONSORSHIPS 8,841     8,841
    STORAGE 709     709
    STUDENTS 4 SUCCESS 1,868     1,868
    SUPPLIES 6,039     6,039
    TELEPHONE 6,478     6,478
    UTILITIES 3,271     3,271
    WEB SITE MAINTENANCE 6,400     6,400


    TY 2013 OtherIncomeSchedule2
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income 137,754 137,755 137,755


    TY 2013 TaxesSchedule
    Name:
    CHASE FOUNDATION
    MACK C CHASE TRUSTEE
    EIN: 36-7466258
    Software ID:13000170
    Software Version:2013v3.1
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FORIEGN TAXES 3,094 3,094    
    PAYROLL TAXES 3,958     3,958
    SECTION 4940 TAX 19,000 19,000