Form990-PF
Click to see list of attachments

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.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2014
Open to Public Inspection
For calendar year 2014, or tax year beginning 2014, and ending , 20
Name of foundation
THE CRAIN FOUNDATION
 

Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 2146   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LONGVIEW, TX75606
A Employer identification number

75-2698267
B Telephone number (see instructions)

(903) 758-8276
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$39,688,331J 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).............. 1,500,000
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 3,965 3,965  
4 Dividends and interest from securities...... 764,144 764,144  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 740,007
b Gross sales price for all assets on line 6a 12,394,297
7 Capital gain net income (from Part IV, line 2)... 740,007
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 353,880 364,169  
12 Total. Add lines 1 through 11........ 3,361,996 1,872,285  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 4,500 4,500    
c Other professional fees (attach schedule).... Click to see attachment 55,042 55,042    
17 Interest............... 9,766 9,766    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 19,760 3,132    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 152,750 152,391    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 241,818 224,831   0
25 Contributions, gifts, grants paid........ 2,001,277 2,001,277
26 Total expenses and disbursements. Add lines 24 and 25 2,243,095 224,831   2,001,277
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,118,901
b Net investment income (if negative, enter -0-) 1,647,454
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2014)
Form 990-PF (2014)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,601,179 1,033,345 1,033,344
3 Accounts receivable bullet123,945
Less: allowance for doubtful accounts bullet   105,422 123,945 123,945
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...........   1,121 1,274
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 13,338,776 Click to see attachment14,726,082 20,431,179
c Investments—corporate bonds (attach schedule)........ 8,825,500 Click to see attachment8,839,365 8,936,678
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 5,273,604 Click to see attachment5,539,012 9,161,911
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 29,144,481 30,262,870 39,688,331
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) Click to see attachment512  
23 Total liabilities (add lines 17 through 22).......... 512 0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted...................    
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 29,143,969 30,262,870
30 Total net assets or fund balances (see instructions)...... 29,143,969 30,262,870
31 Total liabilities and net assets/fund balances (see instructions).. 29,144,481 30,262,870
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 29,143,969
2 Enter amount from Part I, line 27a..................... 2 1,118,901
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 30,262,870
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 30,262,870
Form 990-PF (2014)
Form 990-PF (2014)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a CAPITAL GAIN DISTRIBUTION-TB&T P 2000-01-01 2014-12-31
b CAPITAL GAIN DISTRIBUTIONS-WELLS FARGO P 2000-01-01 2014-12-31
c 9191.176 NET WEST TOTAL RETURNS BOND CL P 2014-01-01 2014-11-10
d 156053.593 PIMCO TOTAL RETURN FUND P 2014-01-01 2014-12-31
e 6887.314 PIMCO ALL ASSET ALL AUTHORITY P 2014-01-01 2014-02-07
3506.311 WELLS FARGO ADVANTAGE ASSET ALLOCATION P 2014-01-01 2014-11-10
2300.966 BLACKROCK GLOBAL BALANCED CL I P 2000-01-01 2014-11-10
655870.196 PIMCO TOTAL RETURN FUND P 2000-01-01 2014-05-09
116897.947 PIMCO ALL ASSET ALL AUTHORITY INST FUND P 2000-01-01 2014-02-07
36731.15 VANG TOTAL STK MKT INDEX INST P 2000-01-01 2014-12-31
PARTNERSHIP CAP GAIN P 2000-01-01 2014-12-31
PARTNERSHIP 1256 GAIN/LOSS P 2000-01-01 2014-12-31
(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 190,172     190,172
b 803     803
c 100,000   99,081 919
d 1,699,434   1,687,780 11,654
e 68,047   70,023 -1,976
50,000   47,931 2,069
50,000   43,695 6,305
7,142,426   7,363,124 -220,698
1,152,106   1,267,979 -115,873
1,800,000   1,074,677 725,323
140,869     140,869
440     440
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       190,172
b       803
c       919
d       11,654
e       -1,976
      2,069
      6,305
      -220,698
      -115,873
      725,323
      140,869
      440
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 2 740,007
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 12,666
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 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))
2013 1,861,727 35,874,047 0.05190
2012 1,336,787 28,742,865 0.04651
2011 979,549 26,507,708 0.03695
2010 666,100 24,390,973 0.02731
2009 560,000 22,223,212 0.02520
2 Total of line 1, column (d) ...................... 2 0.18787
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 0.03757
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4 39,545,507
5 Multiply line 4 by line 3....................... 5 1,485,843
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 16,475
7 Add lines 5 and 6......................... 7 1,502,318
8 Enter qualifying distributions from Part XII, line 4.............. 8 2,001,277
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 (2014)
Form 990-PF (2014)
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 16,475
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 16,475
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 16,475
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 17,663
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 86
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,749
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 1,274
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet1,274 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 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)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletN/A
    14
    The books are in care ofbulletSUSAN MINCEY Telephone no.bullet (903) 758-8276
    Located atbullet222 E TYLERLONGVIEWTX ZIP+4bullet75601
    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 2014, 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 FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 6
    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 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 2014?.............
    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 2014, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2014?...............
    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 2014 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 2014.)....................
    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 2014?
    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 4945(d)(4)(A)? (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 (2014)
    Form 990-PF (2014)
    Page 7
    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
    ANN LACY CRAIN Pres/DIRECTOR
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    ROGERS L CRAIN VP/SEC/DIRECTOR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    B WALTER CRAIN III VP/DIRECTOR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    ANN LACY CRAIN II VP/DIRECTOR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    SUSAN MINCEY VP/TREAS
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    DARREN GROCE VP
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    TERRI DOWNING Controller
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    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 (2014)
    Form 990-PF (2014)
    Page 8
    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 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
    29,489,046
    b
    Average of monthly cash balances.......................
    1b
    1,359,670
    c
    Fair market value of all other assets (see instructions)................
    1c
    9,299,007
    d
    Total (add lines 1a, b, and c).........................
    1d
    40,147,723
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    40,147,723
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    602,216
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    39,545,507
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,977,275
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,977,275
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    16,475
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,475
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,960,800
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,960,800
    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
    1,960,800
    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
    2,001,277
    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
    2,001,277
    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
    16,475
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,984,802
    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 (2014)
    Form 990-PF (2014)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2013     		(c)
    2013     		(d)
    2014
    1 Distributable amount for 2014 from Part XI, line 7 1,960,800
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 254,043
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2014:
    a From 2009.......  
    b From 2010.......  
    c From 2011.......  
    d From 2012.......  
    e From 2013.......  
    fTotal of lines 3a through e.........  
    4Qualifying distributions for 2014 from Part
    XII, line 4: bullet$ 2,001,277
    a Applied to 2013, but not more than line 2a 254,043
    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 2014 distributable amount..... 1,747,234
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2014.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2013. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		213,566
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8Excess distributions carryover from 2009 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2015.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2010....  
    b Excess from 2011....  
    c Excess from 2012....  
    d Excess from 2013....  
    e Excess from 2014....  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 10
    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 2014, 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) 2014 (b) 2013 (c) 2012 (d) 2011
             
    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:
    ANN LACY CRAIN
    P O BOX 2146
    LONGVIEW,TX75606
    (903) 758-8276
    bThe form in which applications should be submitted and information and materials they should include:
    EXPLANATION OF REQUESTING ORGANIZATION, PROPOSED AMOUNT AND USE, PROOF OF THEIR IRS EXEMPT STATUS (LETTER RULING) OR THAT THEY ARE A NON-PROFIT ORGANIZATION AND ARE EXEMPT FROM PAYING INCOME TAX.
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED AT ANY TIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE ONLY TO TAX-EXEMPT ORGANIZATIONS QUALIFYING AS SEC. 501(C)(3) ORGANIZATIONS OR SIMILAR EXEMPTION.
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 11
    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
    THE 100 CLUB
    5555 SAN FELIPE ST STE 1750
    HOUSTON,TX77056     		NONE PUBLIC GENERAL CONTRIBUTION 100
    ALZHEIMER'S ASSOCIATION
    501 PINE TREE RD SUITE U4
    LONGVIEW,TX75604     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    AMAZING PLACE
    3735 DREXEL
    HOUSTON,TX77027     		NONE PUBLIC GENERAL CONTRIBUTION 2,000
    ARC OF GREGG COUNTY THE
    PO BOX 522
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    ARTSVIEW CHILDREN'S THEATRE
    313 W TYLER ST
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 3,000
    ASBURY HOUSE
    320 S CENTER STREET
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 5,100
    ASSN OF FORMER STUDENTS OF TEXAS AM
    505 GEORGE BUSH DRIVE
    COLLEGE STATION,TX77840     		NONE PUBLIC GENERAL CONTRIBUTION 125
    BAYOU BEND COLLECTIONSGARDENS
    PO BOX 6826
    HOUSTON,TX77265     		NONE PUBLIC GENERAL CONTRIBUTION 70,000
    BOY SCOUTS OF AMERICA
    1331 E FIFTH STREET
    TYLER,TX75701     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    BOYS AND GIRLS CLUB OF GREGG CO
    PO BOX 2426
    LONGVIEW,TX75605     		NONE PUBLIC GENERAL CONTRIBUTION 20,000
    CASA DE ESPERANZA DE LOS NINOS
    PO BOX 66581
    HOUSTON,TX77266     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    COLGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346     		NONE PUBLIC GENERAL CONTRIBUTION 10,000
    DIANA VOLUNTEER FIRE DEPARTMENT
    10496 STATE HWY 154
    DIANA,TX75640     		NONE PUBLIC GENERAL CONTRIBUTION 250
    EAST TEXAS ANGEL NETWORK
    PO BOX 9544
    LONGVIEW,TX75604     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    EAST TEXAS CHILD ADVOCATES
    PO BOX 3839
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    EAST TEXAS FOOD BANK
    PO BOX 6974
    TYLER,TX75711     		NONE PUBLIC GENERAL CONTRIBUTION 500
    EAST TEXAS LITERACY COUNCIL
    PO BOX 311
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    KILGORE COLLEGE - EAST TX OIL MUSEU
    1100 BROADWAY BLVD
    KILGORE,TX75662     		NONE PUBLIC GENERAL CONTRIBUTION 2,000
    EPISCOPAL HIGH SCHOOL
    PO BOX 271299
    HOUSTON,TX77277     		NONE PUBLIC GENERAL CONTRIBUTION 196,000
    EAST TX COUNCIL ON ALCOHOLISM AND D
    708 GLENCREST LANE
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    EVERGREEN FOUNDATION
    2701 HWY 80
    HAUGHTON,LA71037     		NONE PUBLIC GENERAL CONTRIBUTION 500
    EXPECTANT HEART PREGNANCY CENTER
    PO BOX 1084
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 500
    FAY SCHOOL THE
    48 MAIN STREET
    SOUTHBOROUGH,MA01772     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    GLADEWATER VOLUNTEER FIRE DEPARTMEN
    511 S TYLER RD
    GLADEWATER,TX75647     		NONE PUBLIC GENERAL CONTRIBUTION 250
    GOOD SHEPHERD FOUNDATION
    700 E MARSHALL AVE
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    GREATER LONGVIEW UNITED WAY
    PO BOX 411
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    GREENWOOD CEMETERY ASSOCIATION
    PO BOX 4625
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    GREGG CO HISTORICAL FOUNDATION
    PO BOX 3342
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    HARLETON VOLUNTEER FIRE DEPARTMENT
    PO BOX 323
    HARLETON,TX75651     		NONE PUBLIC GENERAL CONTRIBUTION 250
    HELPING HANDS OF KILGORE
    PO BOX 1576
    KILGORE,TX75663     		NONE PUBLIC GENERAL CONTRIBUTION 250
    HIWAY 80 RESCUE MISSION
    PO BOX 3223
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 80,200
    HOPE'S CLOSET
    1011 WAL ST STE 100
    LONGVIEW,TX75605     		NONE PUBLIC GENERAL CONTRIBUTION 2,000
    HOUSE OF HOPE
    3011 W MARSHALL aVE
    LONGVIEW,TX75604     		NONE PUBLIC GENERAL CONTRIBUTION 2,050
    HOUSTON MUSEUM OF NAT SCIENCES
    5555 HERMANN PARK DRIVE
    HOUSTON,TX77030     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    HOUSTON PBS
    4343 ELGIN ST
    HOUSTON,TX77204     		NONE PUBLIC GENERAL CONTRIBUTION 2,000
    HOUSTON PUBLIC RADIO
    PO BOX 4878
    HOUSTON,TX77210     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    HOUSTON SPCA
    900 PORTWAY DR
    HOUSTON,TX77024     		NONE PUBLIC GENERAL CONTRIBUTION 1,200
    HUMANE SOCIETY OF NORTHEAST TEXAS
    303 ENTERPRISE
    LONGVIEW,TX75604     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    JUDSON-METRO VOLUNTEER FIRE DEPARTM
    PO BOX 429
    JUDSON,TX75660     		NONE PUBLIC GENERAL CONTRIBUTION 250
    JUNIOR ACHIEVEMENT OF EAST TEXAS
    911 NW LOOP 281 STE 211-16
    LONGVIEW,TX75604     		NONE PUBLIC GENERAL CONTRIBUTION 250
    JUNIOR LEAGUE OF HOUSTON
    DEPT 304 PO BOX 4346
    HOUSTON,TX77210     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    JUNIOR LEAGUE OF LONGVIEW
    PO BOX 866
    LONGVIEW,TX75606     		NONE PUBLIC COMMUNITY PROJECTS 1,000
    KAPPA KAPPA GAMMA FDTN
    PO BOX 6770
    HOUSTON,TX77265     		NONE PUBLIC LOYALTY FUND 10,000
    KENYON COLLEGE
    DUFF STREET
    GAMBIER,OH43022     		NONE PUBLIC GENERAL CONTRIBUTION 10,000
    KIDLINKS FOUNDATION
    5485 BELT LINE RD STE 200
    DALLAS,TX75254     		NONE PUBLIC GENERAL CONTRIBUTION 15,000
    LAWRENCEVILLE SCHOOL THE
    PO BOX 6125
    LAWRENCEVILLE,NJ08648     		NONE PUBLIC GENERAL CONTRIBUTION 86,000
    LONGVIEW COMMUNITY MINISTRIES
    PO BOX 1023
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 10,000
    LONGVIEW HABITAT FOR HUMANITY
    300 W TYLER ST
    LONGVIEW,TX75601     		NONE PUBLIC BUILDING CAMPAIGN 17,700
    LONGVIEW PARTNERS IN PREVENTION
    PO BOX 1952
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    LONGVIEW SYMPHONY LEAGUE
    PO BOX 1825
    LONGVIEW,TX75606     		NONE PUBLIC CRESCENDO FUND 6,100
    LONGVIEW UNITY AND DIVERSITY
    PO BOX 1952
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 250
    LONGVIEW WORLD OF WONDERS
    PO BOX 2647
    LONGVIEW,TX75606     		NONE PUBLIC HANDS ON DISCOVERY CENTER 331,750
    MAKE-A-WISH FOUNDATION
    215 WINCHESTER DRIVE STE 109
    TYLER,TX75701     		NONE PUBLIC GENERAL CONTRIBUTION 730
    MARTIN HOUSE CAC THE
    606 W GARFIELD DRIVE SUITE D
    LONGIEW,TX75602     		NONE PUBLIC GENERAL CONTRIBUTION 3,000
    MD ANDERSON
    PO BOX 4464
    HOUSTON,TX77210     		NONE PUBLIC GENERAL CONTRIBUTION 50,000
    MIRACLE LEAGUE OF EAST TEXAS
    PO BOX 2761
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 3,000
    MISSION CARTHAGE
    PO BOX 1208
    CARTHAGE,TX75633     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    NATIONAL DRUG SAFETY LEAGUE
    PO BOX 1952
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 250
    NEUHAUS EDUCATION CENTER
    4433 BISSONNET
    BELLAIRE,TX77401     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    NEWGATE MISSION
    PO BOX 3891
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTION 15,000
    PRESBYTERIAN CAMPS AT GILMONT
    6075 STATE HWY 155N
    GILMER,TX75644     		NONE PUBLIC GENERAL CONTRIBUTION 10,600
    RHODES COLLEGE
    2000 NORTH PARKWAY
    MEMPHIS,TN38112     		NONE PUBLIC GENERAL CONTRIBUTION 60,000
    RIVER OAKS BAPTIST SCHOOL
    2300 WILLOWICK
    HOUSTON,TX77027     		NONE PUBLIC GENERAL CONTRIBUTION 61,000
    RIVER OAKS GARDEN CLUB
    2503 WESTHEIMER
    HOUSTON,TX77098     		NONE PUBLIC THE AZALEA TRAIL 5,100
    SABINE VOLUNTEER FIRE DEPARTMENT
    6144 GATEWAY CIRCLE
    KILGORE,TX75662     		NONE PUBLIC GENERAL CONTRIBUTION 250
    SALVATION ARMY THE
    519 EAST COTTON STREET
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 15,100
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750100
    DALLAS,TX75275     		NONE PUBLIC GENERAL CONTRIBUTION 200,000
    ST JOHN DIVINE EPISCOPAL CHURCH
    2450 RIVER OAKS BLVD
    HOUSTON,TX77019     		NONE PUBLIC GENERAL CONTRIBUTION 25,000
    ST JOHN'S SCHOOL
    2401 CLAREMONT LANE
    HOUSTON,TX77019     		NONE PUBLIC GENERAL CONTRIBUTION 20,000
    ST JUDE CHILDREN'S RESEARCH HOSPITA
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PUBLIC GENERAL CONTRIBUTION 100
    TANGLEWOOD FOUNDATION
    5757 WOODWAY STE 160
    HOUSON,TX77057     		NONE PUBLIC GENERAL FOUNDATION 500
    TEXAS CHILDRENS HOSPITAL INC
    PO BOX 840982
    DALLAS,TX75284     		NONE PUBLIC GENERAL CONTRIBUTION 100,000
    TEXAS COUNTRY MUSIC HALL OF FAME
    310 W PANOLA ST
    CARTHAGE,TX75633     		NONE PUBLIC GENERAL CONTRIBUTION 3,100
    TEXAS SHAKESPEARE FESTIVAL
    PO BOX 2788
    KILGORE,TX75633     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    TEXAS SPECIAL CHILDRENS PROJECTS
    513 N FREDONIA ST
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 150
    THETA CHARITY ANTIQUES SHOW
    4212 SAN FELIPE PMB 345
    HOUSTON,TX77027     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    TIRR FOUNDATION
    4605 POST OAK PLACE SUITE 222
    HOUSTON,TX77027     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    TRINITY PAWLING SCHOOL
    700 ROUTE 22
    PAWLING,NY12564     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    TRINITY SCHOOL OF TEXAS THE
    215 TEAGUE ST
    LONGVIEW,TX75601     		NONE PUBLIC TRINITY ADVANTAGE FUND 2,500
    UNITED FUND OF KILGORE
    PO BOX 1832
    KILGORE,TX75663     		NONE PUBLIC GENERAL CONTRIBUTION 500
    UNIVERSITY OF TEXAS LAW SCHOOL
    727 EAST DEAN KEETON ST
    AUSTIN,TX78705     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    UNIVERSITY OF THE SOUTH SEWANEE
    735 UNIVERSITY AVENUE
    SEWANEE,TN37383     		NONE PUBLIC GENERAL CONTRIBUTION 35,000
    UT-AUSTIN-MCCOMBS SCHOOL OF BUSINES
    1 UNIVERSITY STATION B6000
    AUSTIN,TX78712     		NONE PUBLIC GENERAL CONTRIBUTION 10,000
    VETERANS OF FOREIGN WARS
    218 W ERWIN ST
    TYLER,TX75702     		NONE PUBLIC GENERAL CONTRIBUTION 100
    WASHINGTON LEE UNIVERSITY
    204 W WASHINGTON ST DVLPMNT BLDG
    LEXINGTON,VA24450     		NONE PUBLIC GENERAL CONTRIBUTION 260,000
    WHITE OAK VOLUNTEER FIRE DEPARTMENT
    PO BOX 336
    WHITE OAK,TX75693     		NONE PUBLIC GENERAL CONTRIBUTION 250
    WINDRIDGE THERAPEUTIC EQUESTRIAN CE
    PO BOX 5932
    LONGVIEW,TX75608     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    WINONA VOLUNTEER FIRE DEPARTMENT
    1111 DALLAS STREET
    WINONA,TX75792     		NONE PUBLIC GENERAL CONTRIBUTION 250
    WOUNDED WARRIOR PROJECT
    PO BOX 758516
    TOPEKA,KS66675     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    YELLOWSTONE ACADEMY
    3000 TRULLEY ST
    HOUSTON,TX77004     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    ZOOLOGICAL SOCIETY OF HOUSTON
    PO BOX 4759
    HOUSTON,TX77210     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    AMERICAN VETERANS
    4647 FORBES BLVD
    LANHAM,MD20706     		NONE PUBLIC GENERAL CONTRIBUTION 125
    ARK-LA-TEX OILMEN'S GOLF ASSN
    P O BOX 43
    SHREVEPORT,LA71101     		NONE PUBLIC GENERAL CONTRIBUTION 500
    BIBLE LESSONS INTERNATIONAL
    P O BOX 1289
    MARSHALL,TX75671     		NONE PUBLIC GENERAL CONTRIBUTION 500
    BO'S PLACE
    10050 BUFFALO SPEEDWAY
    HOUSTON,TX77054     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    BUCKNER CHILDREN FAMILY SERVICES
    110 E COTTON ST
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 10,650
    CAMP FOR ALL
    10500 NW FREEWAY STE 200
    HOUSTON,TX77092     		NONE PUBLIC GENERAL CONTRIBUTION 15,000
    CANCER FOUNDATION FOR LIFE
    P O BOX 8257
    TYLER,TX75711     		NONE PUBLIC GENERAL CONTRIBUTION 8,000
    CROSSROADS SCHOOL INC
    5822 DOLORES ST
    HOUSTON,TX77057     		NONE PUBLIC GENERAL CONTRIBUTION 10,000
    DEPELCHIN CHILDREN'S CENTER
    4950 MEMORIAL DRIVE
    HOUSTON,TX77007     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE PUBLIC GENERAL CONTRIBUTION 100
    GEORGE BUSH PRESIDENTIAL LIBRARY FO
    2943 SMU BOULEVARD
    DALLAS,TX75205     		NONE PUBLIC GENERAL CONTRIBUTION 25,000
    GLASSELL SCHOOL OF ART
    5101 MONTROSE BLVD
    HOUSTON,TX77006     		NONE PUBLIC GENERAL CONTRIBUTION 5,000
    GREAT TEXAS BALLOON RACE
    410 N CENTER STREET
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 1,500
    GREGG COUNTY CHILD WELFARE BOARD
    101 EAST METHVIN
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTION 250
    HEARTLIGHT MINISTRIES
    P O BOX 286
    HALLSVILLE,TX75650     		NONE PUBLIC GENERAL CONTRIBUTION 2,500
    HOLT INTERNATIONAL CHILDREN'S SERVI
    P O BOX 2880
    EUGENE,OR97402     		NONE PUBLIC GENERAL CONTRIBUTION 500
    HOUSTON APHASIA RECOVERY CENTER
    3701 BRIARPARK DIVE STE 310
    HOUSTON,TX77042     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    HOUSTON EYE ASSOCIATES FOUNDATION
    7155 OLD KATY ROAD SUITE N100
    HOUSTON,TX77024     		NONE PUBLIC GENERAL CONTRIBUTION 1,000
    HUGWORKS
    752 MARY DR
    HURST,TX76053     		NONE PUBLIC GENERAL CONTRIBUTION 500
    LONGVIEW JAYCEES
    1511 JUDSON ROAD F
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTIONS 44
    LONGVIEW NEWS JOURNAL
    320 E METHVIN ST
    LONGVIEW,TX75601     		NONE PUBLIC GENERAL CONTRIBUTIONS 250
    LUPUS FOUNDATION OF AMERICA
    2000 L STREET NW STE 410
    WASHINGTON DC,DC20036     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,000
    MENNONITE DISASTER SERVICE
    583 AIRPORT ROAD
    LITITZ,PA17543     		NONE PUBLIC GENERAL CONTRIBUTIONS 500
    MERCY MANOR
    P O BOX 1019
    WHITE OAK,TX75693     		NONE PUBLIC GENERAL CONTRIBUTIONS 250
    MICKEY MELTON MEMORIAL GOLF TOURNAM
    P O BOX 2146
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,045
    MIDTOWN ARTS AND THEATER CENTER HOU
    3414 LA BRANCH
    HOUSTON,TX77004     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,000
    NATIONAL ARCHIVES TRUST FUND
    700 PENNSYLVANIA AVENUE NW
    WASHINGTON DC,DC20408     		NONE PUBLIC GENERAL CONTRIBUTIONS 25,000
    THE PARISH SCHOOL
    11001 HAMMERLY BLVD
    HOUSTON,TX77043     		NONE PUBLIC GENERAL CONTRIBUTIONS 250
    PAULA MARTIN JONES CHARITIES
    606 GARFIELD DR
    LONGVIEW,TX75602     		NONE PUBLIC GENERAL CONTRIBUTIONS 50,000
    PINK HEALS OF GREGG COUNTY
    1306 TONY ST
    WHITE OAK,TX75693     		NONE PUBLIC GENERAL CONTRIBUTIONS 250
    PRESERVATION LONGVIEW
    P O BOX 2146
    LONGVIEW,TX75606     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,250
    UPSHUR COUNTY HOPE HOUSE FOR PETS
    PO BOX 187
    GILMER,TX75644     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,200
    GREATER LONGVIEW YOUNG LIFE
    PO BOX 6473
    LONGVIEW,TX75608     		NONE PUBLIC GENERAL CONTRIBUTIONS 1,000
    PARTNERSHIP CONTRIBUTIONS
    VARIOUS
    VARIOUS,TX75701     		NONE PUBLIC GENERAL CONTRIBUTIONS 58
    Total .................................bullet 3a 2,001,277
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 12
    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 3,965  
    4 Dividends and interest from securities....     14 764,144  
    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 .............     		    18 740,007  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: aPARTNERSHIP INCOME     14 108,590  
    bPARTNERSHIP RENTAL INCOME     14 -722  
    cPARTNERSHIP UBTI 211110 -10,703      
    dPARTNERSHIP UBTI SEC 1231 211110 408      
    eROYALTY INCOME     15 256,301  
    fTAX EXEMPT INCOME         6
    12 Subtotal. Add columns (b), (d), and (e).. -10,295 1,872,285 6
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,861,996
    (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.)
    11A TAX EXEMPT INTEREST INCOME - EXCLUDED BY SECTION 103
    Form 990-PF (2014)
    Form 990-PF (2014)
    Page 13
    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) 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 (2014)
    Additional Data


    Software ID: 14000265
    Software Version: 2014v5.0


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors
    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
    OMB No. 1545-0047
    2014
    Name of the organization
    THE CRAIN FOUNDATION
     
    Employer identification number

    75-2698267
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ





    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 2
    Name of organization
    THE CRAIN FOUNDATION
          		Employer identification number

    75-2698267
    Part I
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
     
     

    CRAIN RESOURCES  
    P O BOX 2146
     
    LONGVIEW, TX75606

    		$1,500,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     

       
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 3
    Name of organization
    THE CRAIN FOUNDATION
          		Employer identification number

    75-2698267
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    (a) No.
    from
    Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (see instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)
    Page 4
    Name of organization
    THE CRAIN FOUNDATION
          		Employer identification number

    75-2698267
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10)
    that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a) No.
    from
    Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2014)

    Additional Data


    Software ID: 14000265
    Software Version: 2014v5.0

    TY 2014 AccountingFeesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING EXPENSES 4,500 4,500 0 0

    TY 2014 GeneralExplanationAttachment
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF 990-PF, PART VII-B, QUESTION 1A(3) - STATEMENT REGARDING FURNISHING OR RECEIVING GOODS OR SERVICES FROM DISQUALIFIED PERSONEXPLANATION:R. LACY SERVICES, LTD ("PARTNERSHIP") IS OWNED BY MEMBERS OF THE BOARDOF DIRECTORS OF THE CRAIN FOUNDATION ("THE FOUNDATION"). PARTNERSHIPMAKES AVAILABLE TO THE FOUNDATION, AS MAY BE REQUIRED FOR THE CONDUCTOF ITS ACTIVITIES, THE SERVICES OF CERTAIN OF ITS OFFICERS AND EMPLOYEES AND ITS FACILITIES. THESE SERVICES AND FACILITIES ARE MADEAVAIABLE TO THE FOUNDATION FREE OF CHARGE.

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PIMCO TOTAL RETURN    
    PIMCO ALL ASSET ALL AUTHORITY INST    
    MET WEST TOTAL RETURN BOND CL I 8,839,365 8,936,678

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLERGAN INC 28,251 850,360
    AMERICAN INTL GROUP INC 36,659 3,578
    BP PLC SPONS ADR 135,000 125,034
    EXXON MOBIL CORP 107,750 369,800
    WEINGARTEN REALTY REIT 21,054 39,285
    VANGUARD TOTAL STOCK MARKET 8,320,545 12,879,064
    HARBOR INTERNATIONAL INST REINVEST 1,465,527 1,477,005
    BLACKROCK GLOBAL BALANCED 3,058,486 3,146,317
    FREEPORT-MCMORAN COPPER & GOLD 37,782 32,704
    MURPHY OIL CORP 11,159 10,104
    MURPHY USA INC 1,800 3,443
    WELLS FARGO ADVANTAGE ASSET 1,502,069 1,494,485

    TY 2014 InvestmentsOtherSchedule2
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ASB ALLEGIANCE REAL ESTATE FUND AT COST 2,709,881 3,312,092
    GT REAL ASSETS AT COST 48,978 65,427
    GT EMERGING MARKETS (QP), LP AT COST 210,302 223,696
    GT SPECIAL OPPORTUNITIES III AT COST 84,366 85,449
    GT OFFSHORE FUND, LTD AT COST 1,251,227 1,380,011
    MIDLAND US QP FUND, LP AT COST 437,358 508,235
    MIDLAND INTL EQUITY QP FUND, LP AT COST 455,590 467,099
    BLACK STONE MINERALS CO, LP AT COST 341,310 3,119,902

    TY 2014 OtherExpensesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 10,111 10,111    
    DUES AND SUBSCRIPTIONS 725 725    
    NON-DEDUCTIBLE EXPENSES 56      
    NON-DEDUCTIBLE PTRSHP EXP 303      
    O&G COST DEPLETION 67,116 67,116    
    PARTNERSHIP OTHER DEDUCTIONS 74,439 74,439    


    TY 2014 OtherIncomeSchedule2
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 108,590 108,590  
    PARTNERSHIP RENTAL INCOME -722 -722  
    PARTNERSHIP UBTI -10,703    
    PARTNERSHIP UBTI SEC 1231 408    
    ROYALTY INCOME 256,301 256,301  
    TAX EXEMPT INCOME 6    


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 55,042 55,042 0 0


    TY 2014 TaxesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN: 75-2698267
    Software ID:14000265
    Software Version:2014v5.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INCOME 16,628      
    OTHER FOREIGN TAX 1,642 1,642    
    PARTNERSHIP FOREIGN TAX 1,114 1,114    
    STATE TAX EXPENSE ON ROYALTY 376 376