Form990-PF

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 10-01-2013 , and ending 09-30-2014
Name of foundation
GRACE & FRANKLIN BERNSEN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)15 WEST 6TH STREET 1308   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
TULSA, OK741195407
A Employer identification number

23-7009414
B Telephone number (see instructions)

(918) 584-4711
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$30,890,220J Accounting method:
MODIFIED CASH
(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)  
2 Check bullet
3 Interest on savings and temporary cash investments 13,544 13,544 13,544
4 Dividends and interest from securities...... 704,931 704,931 704,931
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 833,807
b Gross sales price for all assets on line 6a 833,807
7 Capital gain net income (from Part IV, line 2)... 833,807
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 27,546   27,546
12 Total. Add lines 1 through 11........ 1,579,828 1,552,282 746,021
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 216,000 38,880 38,880 177,120
14 Other employee salaries and wages...... 52,028 9,365 9,365 42,663
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,172 1,834 1,834 7,337
c Other professional fees (attach schedule).... Click to see attachment 30,000 30,000 30,000  
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 12,165 12,165 12,165  
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 16,339 2,941 2,941 13,398
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 29,084 3,196 3,196 25,888
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 364,788 98,381 98,381 266,406
25 Contributions, gifts, grants paid........ 1,791,975 1,791,975
26 Total expenses and disbursements. Add lines 24 and 25 2,156,763 98,381 98,381 2,058,381
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -576,935
b Net investment income (if negative, enter -0-) 1,453,901
c Adjusted net income (if negative, enter -0-)... 647,640
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............... 57,620 49,913 49,913
2 Savings and temporary cash investments.......... 783,790 185,583 185,583
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   50,000    
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)........      
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet18,820
Less: accumulated depreciation (attach schedule) bullet18,820      
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 23,704,664 Click to see attachment23,788,386 30,654,724
14 Land, buildings, and equipment: basis bullet73,205
Less: accumulated depreciation (attach schedule) bullet73,205      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,596,074 24,023,882 30,890,220
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable...................    
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)..........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 24,596,074 24,023,882
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 24,596,074 24,023,882
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 24,596,074 24,023,882
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 24,596,074
2 Enter amount from Part I, line 27a..................... 2 -576,935
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 4,743
4 Add lines 1, 2, and 3.......................... 4 24,023,882
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 24,023,882
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 2 833,807
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  
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 1,875,039 29,022,197 0.064607
2011 2,028,044 26,823,595 0.075607
2010 1,601,522 24,587,719 0.065135
2009 1,518,725 26,883,714 0.056492
2008 1,344,162 27,382,558 0.049088
2 Total of line 1, column (d) ...................... 2 0.310929
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 0.062186
4 Enter the net value of noncharitable-use assets for 2013 from Part X, line 5..... 4 30,001,474
5 Multiply line 4 by line 3....................... 5 1,865,672
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 14,539
7 Add lines 5 and 6......................... 7 1,880,211
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,058,381
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 14,539
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 14,539
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 14,539
6 Credits/Payments:
a 2013 estimated tax payments and 2012 overpayment credited to 2013 6a 8,642
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 8,642
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8 61
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,958
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
 
 
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)
    bulletOK
    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.GUIDESTAR.ORG
    14
    The books are in care ofbulletJOHN STRONG Telephone no.bullet (918) 584-4711
    Located atbullet15 W 6THTULSAOK ZIP+4bullet741195407
    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
     
     
    .........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
     
     
    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
     
     
    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
     
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (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
    DONALD E PRAYClick to see attachment TRUSTEE
    5.00     		54,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    JOHN D STRONG JRClick to see attachment TRUSTEE
    5.00     		54,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    W BLAND WILLIAMSONClick to see attachment TRUSTEE
    5.00     		54,000 0 0
    15 WEST 6TH ST 1308
    TULSA,OK74119
    BARBARA PRAYClick to see attachment TRUSTEE
    5.00     		54,000 0 0
    15 W 6TH STREET 1308
    TULSA,OK741195407
    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 N/A  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see 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
    1,500,074
    2a
    Tax on investment income for 2013 from Part VI, line 5......
    2a
    14,539
    b
    Income tax for 2013. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    14,539
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,485,535
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,485,535
    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
    1,485,535
    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 1,485,535
    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.......  
    b From 2009....... 185,585
    c From 2010....... 381,040
    d From 2011....... 714,944
    e From 2012....... 450,645
    fTotal of lines 3a through e......... 1,732,214
    4Qualifying distributions for 2013 from Part
    XII, line 4: bullet$ 2,058,381
    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).........     		 
    d Applied to 2013 distributable amount..... 1,485,535
    e Remaining amount distributed out of corpus 572,846
    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 2,305,060
    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) ...     		 
    9Excess distributions carryover to 2014.
    Subtract lines 7 and 8 from line 6a ......     		2,305,060
    10 Analysis of line 9:
    a Excess from 2009.... 185,585
    b Excess from 2010.... 381,040
    c Excess from 2011.... 714,944
    d Excess from 2012.... 450,645
    e Excess from 2013.... 572,846
    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:
    TRUSTEES OF THE BERNSEN FOUNDATION
    15 W 6TH STREET SUITE 1308
    TULSA,OK741195407
    (918) 584-4711
    bThe form in which applications should be submitted and information and materials they should include:
    ALL APPLICATIONS WILL BE CONSIDERED, REGARDLESS OF FORM.
    cAny submission deadlines:
    THERE ARE NO SUBMISSIONS DEADLINES. APPLICATIONS WILL BE CONSIDERED ON THE 12TH DAY OF EACH MONTH.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    RESTRICTIONS OR LIMITATIONS ON AWARDS THE FOLLOWING "STATEMENT OF POLICIES" IS TAKEN FROM THE MINUTES OF A SPECIAL MEETING OF THE BOARD OF TRUSTEES OF THE GRACE & FRANKLIN BERNSEN FOUNDATION: STATEMENT OF POLICIES: 1)-THE TRUSTEES WILL GENERALLY CONSIDER FUNDING REQUESTS ONLY FROM THE TULSA AREA CHARITABLE ORGANIZATIONS. 2)-THE TRUSTEES WILL GENERALLY ONLY CONSIDER FUNDING PROGRAMS AND PROJECTS THAT WILL PROVIDE A DEFINED BENEFIT SUCH AS CAPITAL PROJECTS, BUILDING PROGRAMS, OR SPECIFIC PROGRAM NEEDS OF THE ORGANIZATION. 3)-THE TRUSTEES WILL GENERALLY ONLY MAKE GIFTS WHICH WILL BE MEANINGFUL IN AMOUNT AND BENEFIT TO THE RECIPIENT.
    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
    A NEW LEAF
    2306 SOUTH 1ST PLACE
    BROKEN ARROW,OK74012     		    CAPITAL CONSTRUCTION 25,000
    A POCKET FULL OF HOPE
    1325 EAST APACHE
    TULSA,OK74106     		    UPBEAT 360 PROGRAM 10,000
    ALZHEINMER'S ASSOC OF OK
    6465 S YALE 206
    TULSA,OK741367823     		    UNRESTRICTED GRANT 5,000
    ARTS HUMANITIES COUNCIL OF TULSA
    101 E ARCHER ST
    TULSA,OK74103     		    UNRESTRICTED PROGRAM SUPPORT 10,000
    ASSITANCE LEAGUE OF TULSA
    3408 E 11TH ST
    TULSA,OK74112     		    OPERATION SCHOOL BELL 15,000
    BROKEN ARROW NEIGHBORS
    322 WEST BROADWAY AVENUE
    BROKEN ARROW,OK74012     		    CAPITAL CAMPAIGN 50,000
    CAR CARE CLINIC INC
    2547 E ADMIRAL PLACE
    TULSA,OK741105331     		    10,000 LB LIFT 2,900
    CHILD ABUSE NETWORK
    2829 S SHERIDAN ROAD
    TULSA,OK74129     		    CAPITAL EQUIPMENT NEEDS 18,703
    COMM FOOD BANK OF EASTERN OK
    1304 N KENOSHA ST
    TULSA,OK74106     		    UNRESTRICTED 5,000
    COMMUNITY ACTION PROJECT OF TULSA
    4606 S GARNETT
    TULSA,OK74146     		    EDUCATIONAL PATHWAY PROGRAM 5,000
    CROSSTOWN LEARNING CENTER
    2501 E ARCHER ST
    TULSA,OK74110     		    CAPITAL CONSTRUCTION 200,000
    CROSSTOWN LEARNING CENTER
    2501 E ARCHER ST
    TULSA,OK74110     		    CAPITAL CAMPAIGN CHALLENGE 16,448
    DAYSPRING VILLA
    PO BOX 1588
    SAND SPRINGS,OK74063     		    DARK 2 LIGHT CAPITAL CAMPAIGN 75,000
    DVISCALL RAPE
    4300 S HARVARD AVE STE
    TULSA,OK741352608     		    CAPITAL CAMPAIGN 100,000
    EASTERN OK DONATED DENTAL SERVICES
    3741 S PEORIA
    TULSA,OK74105     		    PROGRAM SUPPORT 10,000
    EMERGENCY INFANT SERVICES
    222 SOUTH HOUSTON AVENUE
    TULSA,OK74127     		    UNRESTRICTED 10,000
    FAMILY CHILDREN'S SERVICES
    2325 S HARVARD AVENUE
    TULSA,OK74114     		    COMMUNITY IN CRISIS CAMPAIGN 50,000
    GIRL SCOUTS OF EASTERN OKLAHOMA
    2432 E 51ST ST
    TULSA,OK74105     		    CAPITAL CAMPAIGN 100,000
    GOLIFE MOBILE MEDICAL INC
    6130 E 32ND ST SUITE 117
    TULSA,OK74135     		    TRAINING FOR NURSE 2,500
    GOOD SAMARITAN HEALTH SERVICES
    PO BOX 1191
    TULSA,OK74101     		    OPHLTHALMONOLOGY PROGRAM 10,000
    HAPPY HANDS EDUCATION CENTER
    8801 S GARNETT ROAD
    BROKEN ARROW,OK74012     		    EQUIPMENT/SUPPLIES 12,500
    HARVEST HOUSE
    1439 E 71ST ST
    TULSA,OK74136     		    PROGRAM SUPPORT 10,000
    HEALTH OUTREACH PREVENTION EDUCATIO
    3540 E 31ST ST STE 3
    TULSA,OK74135     		    EMPOWERED 4 LIFE PROGRAM 10,000
    HELPING HANDS MINISTRY
    709 S BOSTON AVE
    TULSA,OK741191629     		    BASIC NEEDS PROGRAM 10,000
    HOSPICE OF GREEN COUNTRY
    2121 S COLUMBIA 200
    TULSA,OK74114     		    PROGRAMS & SERVICES 10,000
    INDIAN NATIONS BOYS SCOUTS OF AMER
    4295 SOUTH GARNETT ROAD
    TULSA,OK74146     		    SCOUT OUTREACH PROGRAMS 2014 10,000
    IRON GATE
    501 S CINCINNATI
    TULSA,OK74103     		    FOOD PROGRAM 20,000
    JENKS COMMUNITY FOOD BANK
    324 S AQUARIUM DR
    JENKS,OK740374148     		    HAVC 8,000
    KIPP TULSA COLLEGE PREP SCHOOL
    1661 E VIRGIN ST
    TULSA,OK74106     		    EQUIPMENT & SOFTWARE 13,924
    LEGAL AID SERVICES OF OK
    907 S DETROIT 725
    TULSA,OK74120     		    MEDICAL/LEGAL AID FOR CHILDREN'S FAM 12,000
    LIFE SENIOR SERVICES
    5950 E 31ST STREET
    TULSA,OK74135     		    PACE PROGRAM 100,000
    LOLLIPOPS RAINBOWS
    5103 S SHERIDAN 670
    TULSA,OK741457627     		    GRANT: PROGRAM SUPPORT 5,000
    MYASTHENIA GRAVIS FOUNDATION OF AM
    4606 EAST 67TH ST
    TULSA,OK74136     		    PROGRAMS AND SERVICES 5,000
    OKLAHOMA PROJECT WOMAN
    2727 EAST 21ST ST 602
    TULSA,OK74114     		    PROGRAM SUPPORT 10,000
    OPERATION AWARE
    7226 EAST 41ST STREET
    TULSA,OK74145     		    PROJECT RESTORE 10,000
    PALMER CONTINUUM OF CARE INC
    5319 S LEWIS AVE 219
    TULSA,OK74105     		    AN EVENING WITH THE PIONEER WOMAN 2,500
    PHILBROOK MUSEUM OF ART
    2727 S ROCKFORD
    TULSA,OK74114     		    MY MUSEUM PROGRAM 20,000
    PLANNED PARENTHOOD AR E OK
    1007 S PEORIA AVE
    TULSA,OK74120     		    PREVENTION EDUCATION PROGRAM 5,000
    REBUILDING TOGETHER TULSA
    PO BOX 52201
    TULSA,OK74152     		    ROOFING PROGRAM 15,000
    RSVP
    5756 E 31ST STREET
    TULSA,OK74135     		    PROGRAM SUPPORT 10,000
    SERTOMA SHOP
    222 S MEMORIAL DR
    TULSA,OK74112     		    HVAC 25,000
    SOUTH TULSA COMMUNITY HOUSE
    5780 S PEORIA AVE
    TULSA,OK74105     		    CAPITAL CONSTRUCTION 25,000
    ST JOHN MEDICAL CENTER FOUND
    1923 S UTICA
    TULSA,OK74104     		    STREET PART 2014 2,500
    THE CHILDREN'S CENTER
    6800 NORTHWEST 39TH EXPRE
    BETHANY,OK73008     		    EXPANSION PROJECT 50,000
    THE FIRST TEE OF TULSA
    5223 E 41ST ST N
    TULSA,OK74115     		    2014 PROGRAM 10,000
    THE HOSPITALITY HOUSE OF TULSA
    1135 S VICTOR AVE
    TULSA,OK74104     		    FAMILY LODGING SUPPORT 10,000
    THE LITTLE LIGHT HOUSE
    5120 E 36TH ST
    TULSA,OK74135     		    CAPITAL CONSTRUCTION 100,000
    THE SALVATION ARMY
    1616 S MAIN
    TULSA,OK74119     		    UNRESTRICTED 25,000
    TULSA AREA UNITED WAY
    1430 S BOULDER
    TULSA,OK74119     		    ANNUAL CAMPAIGN 15,000
    TULSA AREA UNITED WAY
    1430 S BOULDER
    TULSA,OK74119     		    GREATER CORNERSTONE COMM DEV PROJECT 10,000
    TULSA BALLET THEATRE
    1212 EAST 45TH PLACE
    TULSA,OK74105     		    EDUCATION & OUTREACH PROGRAMS 10,000
    TULSA BOTANICAL GARDEN
    3900 TULSA BOTANIC DR
    TULSA,OK74127     		    UNRESTRICTED 100,000
    TULSA BOYS' HOME
    2727 S 137TH W AVE
    SAND SPRINGS,OK74063     		    CAPITAL CAMPAIGN 150,000
    TULSA CARES
    3507 E ADMIRAL PLACE
    TULSA,OK74115     		    FOOD & HEALTH PROGRAM 20,000
    TULSA CHILDREN'S MUSEUM
    560 N MAYBELLE AVE
    TULSA,OK74127     		    DISCOVERY LAB 25,000
    TULSA COUNTY MEDICAL SOCIETY FOUNDA
    5315 S LEWIS AVENUE
    TULSA,OK74105     		    PROJECT TCMS 15,000
    TULSA DAY CENTER FOR THE HOMELESS
    415 W ARCHER
    TULSA,OK74103     		    CASE MGMT PROGRAM 20,000
    TULSA GIRLS ART SCHOOL
    2202 E ADMIRAL BLVD
    TULSA,OK74110     		    ART SUPPLIES 10,000
    TULSA HISTORICAL SOCIETY
    2445 S PEORIA
    TULSA,OK74114     		    HALL OF FAME DINNER 2014 10,000
    TULSA OPERA
    1610 S BOULDER AVE WEST
    TULSA,OK74119     		    UNRESTRICTED 10,000
    TULSA SPORTS CHARITIES
    PO BOX 330272
    TULSA,OK74133     		    ANNUAL DINNER AND GOLF 5,000
    UNIVERSITY OF TULSA
    800 S TUCKER DR
    TULSA,OK74104     		    MIXED USE DORMITORY/ACADEMIC BLD. 100,000
    VOICES OF OKLAHOMA
    PO BOX 722635
    NORMAN,OK73072     		    PROGRAM SUPPORT 10,000
    YOUTH AT HEART
    6026 S SHERIDAN
    TULSA,OK74153     		    SALARY/SUPPLIES/TRAVEL 15,000
    Total .................................bullet 3a 1,791,975
    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 13,544  
    4 Dividends and interest from securities....     14 704,931  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory .............     		        833,807
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aOIL & GAS     15 31,619  
    bMISCELLANEOUS         670
    cDEPLETION     15 -4,743  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   745,351 834,477
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,579,828
    (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2013 AccountingFeesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING/REVIEW 9,172 1,834 1,834 7,337

    TY 2013 CompensationExplanation
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Person Name Explanation
    DONALD E PRAY  
    JOHN D STRONG JR  
    W BLAND WILLIAMSON  
    BARBARA PRAY  

    TY 2013 InvestmentsLandSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OIL & GAS ROYALTIES 18,820 18,820    

    TY 2013 InvestmentsOtherSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MERRILL LYNCH-AMER EURO PACIFIC   2,760,643 3,521,217
    VANGUARD 500 INDEX FUND   5,790,104 9,931,520
    VANGUARD SMALL CAP INDEX FUND   1,895,003 4,162,931
    PIMCO ALL ASSETS   2,936,105 2,764,011
    DFA EMERGING MARKETS   1,709,360 1,779,379
    PIMCO TOTAL RETURN FUND   8,697,171 8,495,666

    TY 2013 LandEtcSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 73,205 73,205    


    TY 2013 OtherExpensesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    INSURANCE - OFFICE 1,269 140 140 1,129
    INSURANCE-EMPLOYEE 13,590 1,495 1,495 12,095
    INSURANCE-WORKER'S COMP 445 49 49 396
    MISCELLANEOUS BUSINESS EXP 5,245 577 577 4,668
    OFFICE SUPPLIES 1,882 203 203 1,679
    PARKING 2,474 272 272 2,202
    TELEPHONE 4,041 445 445 3,596
    TRAVEL & CONFERENCE 138 15 15 123


    TY 2013 OtherIncomeSchedule2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL & GAS 31,619   31,619
    MISCELLANEOUS 670   670
    DEPLETION -4,743   -4,743


    TY 2013 OtherIncreasesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Description Amount
    DEPLETION 4,743


    TY 2013 OtherNotesLoansRcvblShortSch2
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Name of 501(c)(3) Organization Balance Due
    NR - GCCDI
          		 


    TY 2013 OtherProfessionalFeesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER PROFESSIONAL FEES 30,000 30,000 30,000  


    TY 2013 TaxesSchedule
    Name:
    GRACE & FRANKLIN BERNSEN FOUNDATION
    EIN: 23-7009414
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAX 4,031 4,031 4,031  
    OTHER 8,134 8,134 8,134