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.
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
VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
 

Number and street (or P.O. box number if mail is not delivered to street address)P O Box 924   Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Edna, TX77957
A Employer identification number

74-2300129
B Telephone number (see instructions)

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$25,892,844J 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)..............  
2 Check bullet
Sch. B ...............
3 Interest on savings and temporary cash investments 46,339 46,339 46,339
4 Dividends and interest from securities...... 688,290 688,290 688,290
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 683,917
b Gross sales price for all assets on line 6a 3,784,299
7 Capital gain net income (from Part IV, line 2)... 683,917
8 Net short-term capital gain......... 358,625
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 100,750 100,750  
12 Total. Add lines 1 through 11........ 1,519,296 1,519,296 1,093,254
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 16,200 10,800   5,400
14 Other employee salaries and wages...... 47,840 40,000   7,840
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 62,459 62,459    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 52,522 24,017 27,905 600
19 Depreciation (attach schedule) and depletion... Click to see attachment 233 233  
20 Occupancy.............. 5,100 5,100    
21 Travel, conferences, and meetings....... 108     108
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 18,691 6,685 12,006  
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 203,153 149,294 39,911 13,948
25 Contributions, gifts, grants paid........ 1,305,010 1,305,010
26 Total expenses and disbursements. Add lines 24 and 25 1,508,163 149,294 39,911 1,318,958
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,133
b Net investment income (if negative, enter -0-) 1,370,002
c Adjusted net income (if negative, enter -0-)... 1,053,343
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............... 4,529,555 3,465,880 3,465,880
2 Savings and temporary cash investments..........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges...........   4,600 4,600
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 15,474,577 Click to see attachment16,666,243 18,890,572
c Investments—corporate bonds (attach schedule)........ 3,312,851 Click to see attachment3,192,991 2,955,848
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)...........      
14 Land, buildings, and equipment: basis bullet4,613
Less: accumulated depreciation (attach schedule) bullet4,362 483 Click to see attachment251 251
15 Other assets (describe bullet) 587,699 Click to see attachment575,693 575,693
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 23,905,165 23,905,658 25,892,844
Liabilities 17 Accounts payable and accrued expenses.......... 31,928  
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) 13,871 Click to see attachment68,984
23 Total liabilities (add lines 17 through 22).......... 45,799 68,984
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted................... 23,859,366 23,836,674
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 instructions)...... 23,859,366 23,836,674
31 Total liabilities and net assets/fund balances (see instructions).. 23,905,165 23,905,658
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 23,859,366
2 Enter amount from Part I, line 27a..................... 2 11,133
3 Other increases not included in line 2 (itemize) bullet 3  
4 Add lines 1, 2, and 3.......................... 4 23,870,499
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 33,825
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 23,836,674
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 3360 CREDIT SUISSE P 2008-04-01 2014-10-31
b 4833 PIMCO FUNDS P 2009-05-01 2014-10-31
c 3800 COOPER TIRE P 2013-08-01 2014-10-31
d OCT OPTIONS EXPIRED P 2014-10-01 2014-10-31
e 2150 BALLY P 2014-08-01 2014-11-30
1000 CH ROBINSON P 2013-05-01 2014-11-30
2200 COCACOLA P 2014-03-01 2014-11-30
NOV OPTIONS EXPIRED P 2014-11-01 2014-11-30
900 BED BATH BEYOND P 2014-04-01 2014-12-31
400 CITIGROUP P 2014-06-01 2014-12-31
400 PETSMART P 2014-06-01 2014-12-31
DEC OPTIONS EXPIRED P 2014-12-01 2014-12-31
925 LAB CORP OF AMERICA P 2014-01-01 2015-01-31
50 COCACOLA P 2014-03-01 2015-01-31
CONV COLE REIT TO SIR P 2014-01-01 2015-02-28
MEDTRONIC CO REORGANZIZATION P 2014-01-01 2015-02-28
3625 PETSMART P 2014-06-01 2015-03-31
5375 LOILLARD P 2014-07-01 2015-03-31
2184 SELECT INC REIT P 2014-09-01 2015-03-31
7250 JPM WARRANTS P 2012-05-01 2015-04-30
APRIL OPTIONS EXPIRED P 2015-04-01 2015-04-30
4222 TELEPHONICA P 2012-01-01 2015-07-31
6400 AVON P 2011-07-01 2015-07-31
1800 DTV P 2013-03-01 2015-07-31
JUNE PUTS EXPIRED P 2015-06-01 2015-06-30
JULY PUTS EXPIRED P 2015-07-01 2015-07-30
OPPEN INTL BOND FUND P 2015-08-01 2015-08-31
AUG OPTIONS EXPIRED P 2015-08-01 2015-08-31
3450 MSFT P 2008-06-01 2015-09-30
2500 CHKP P 2013-06-01 2015-09-30
2100 CNX CONSOL ENERGY P 2014-06-01 2015-09-30
1400 CBI CHICAGO BRIDGE P 2012-06-01 2015-09-30
1800 FEDEX P 2007-02-01 2015-09-30
2800 HME HOME PROP P 2009-06-01 2015-09-30
3800 MDT MEDTRONIC P 2006-12-01 2015-09-30
1150 RYAM RAYONIER ADV P 2014-07-01 2015-09-30
3450 RYN RAYONIER REIT P 2010-03-01 2015-09-30
VGELX VANGUARD P 2009-06-01 2015-09-30
SEPT OPTIONS EXPIRED P 2015-09-01 2015-09-30
PPI MERGER ACQUISITION P 2014-12-01 2014-12-31
MARCH OPTIONS EXPIRED P 2015-03-01 2015-03-31
CAPITAL GAINS DISTRIBUTIONS P 2014-01-01 2015-09-30
(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 22,581   25,000 -2,419
b 54,563   50,516 4,047
c 114,239   124,077 -9,838
d 9,569     9,569
e 179,095   167,373 11,722
72,025   55,972 16,053
95,247   84,642 10,605
4,284     4,284
63,489   61,084 2,405
21,444   19,393 2,051
28,760   23,177 5,583
19,341     19,341
107,143   83,715 23,428
2,146   1,924 222
251,299   246,558 4,741
94,810     94,810
300,217   210,044 90,173
368,355   325,239 43,116
52,005   53,442 -1,437
166,458   68,067 98,391
13,412     13,412
60,185   91,964 -31,779
40,076   106,383 -66,307
169,645   92,785 76,860
20,287     20,287
10,723     10,723
    4,992 -4,992
10,407     10,407
149,901   90,604 59,297
196,525   125,851 70,674
20,580   99,351 -78,771
52,487   98,440 -45,953
254,335   199,862 54,473
208,233   97,029 111,204
245,752   292,410 -46,658
7,314   27,132 -19,818
75,788   73,356 2,432
74,027   100,000 -25,973
10,782     10,782
96,208     96,208
4,164     4,164
36,398     36,398
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 2 683,917
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 3 358,625
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      
2012      
2011      
2010      
2009      
2 Total of line 1, column (d) ...................... 2  
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  
4 Enter the net value of noncharitable-use assets for 2014 from Part X, line 5..... 4  
5 Multiply line 4 by line 3....................... 5 0
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6  
7 Add lines 5 and 6......................... 7 0
8 Enter qualifying distributions from Part XII, line 4.............. 8  
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (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 27,400
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 0
3 Add lines 1 and 2........................... 3 27,400
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 27,400
6 Credits/Payments:
a 2014 estimated tax payments and 2013 overpayment credited to 2014 6a 32,000
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 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 4,600
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet4,600 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
 
 
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
     
    No
    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 addressbullet  
    14
    The books are in care ofbulletJOHN J SHUTT Telephone no.bullet (361) 782-5737
    Located atbullet602 NORTH WELLSEdnaTX ZIP+4bullet77957
    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
     
     
    .........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
     
     
    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
     
     
    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
     
     
    .........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 (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
    M H BROCKClick to see attachment PRESIDENT
    1.00     		900 0 18
    807 SOUTH HANOVER
    Edna,TX77957
    JOHN J SHUTTClick to see attachment VICE-PRESIDENT
    4.00     		10,800 0 0
    602 NORTH WELLS
    Edna,TX77957
    BOBBY BELLClick to see attachment DIRECTOR
    1.00     		900 0 14
    98 OAK CREEK DRIVE
    Edna,TX77957
    HENRY C WHITLEYClick to see attachment DIRECTOR
    1.00     		900 0 33
    11248 FM 822
    Edna,TX77957
    JAN MCCLANAHANClick to see attachment SECRETARY
    1.00     		900 0 7
    818 WILLIAMS
    Edna,TX77957
    TRAVIS R PHILLIPSClick to see attachment DIRECTOR
    1.00     		900 0 13
    502 NORTH WELLS
    Edna,TX77957
    ROBERT MARTIN DIRECTOR
    0.00     		600 0 22
    750 CR 317
    Edna,TX77957
    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 0
    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 Foundation makes grants to San Marcos Baptist Academy San Marcos Tx South Texas Childrens Home Beeville Tx First Baptist Church Edna Tx and other 0
    2 Foundation provides college scholarships to graduates of the three high schools located in Jackson County Edna Ganado and Industrial Proceeds direct to colleg 0
    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
    23,552,112
    b
    Average of monthly cash balances.......................
    1b
    4,378,852
    c
    Fair market value of all other assets (see instructions)................
    1c
    534,368
    d
    Total (add lines 1a, b, and c).........................
    1d
    28,465,332
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    28,465,332
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    426,980
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    28,038,352
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,401,918
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,401,918
    2a
    Tax on investment income for 2014 from Part VI, line 5......
    2a
    27,400
    b
    Income tax for 2014. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    27,400
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,374,518
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,374,518
    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
    1,374,518
    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
    1,318,958
    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
    1,318,958
    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
    1,318,958
    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 1,374,518
    2 Undistributed income, if any, as of the end of 2014:
    a Enter amount for 2013 only....... 1,348,652
    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$ 1,318,958
    a Applied to 2013, but not more than line 2a 1,318,958
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		1,290,338
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2014 distributable amount.....  
    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 .............     		29,694
    f Undistributed income for 2014. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		1,374,518
    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).)
    None
    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.
    None
    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:
    John Shutt
    602 N Wells
    Edna,TX77957
    (361) 782-5737
    bThe form in which applications should be submitted and information and materials they should include:
    Grant application with budget identifying specific request.
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Generally for capital improvements, rolling stock and other non-operating expenses.
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    John Shutt
    602 N Wells
    Edna,TX77957
    (361) 782-5737
    bThe form in which applications should be submitted and information and materials they should include:
    Applications made available to high School Counselors by April 1 of each year for three high schools in Jackson County.
    cAny submission deadlines:
    May 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Students must attend a Texas College, University or trade school and maintain an overall 2.75 GPA and minimum 24 hours in calendar year.
    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
    Megan Alex
    507 PR 3065
    Edna,TX77957     		Student I University of Houston Victoria Scholarship 2,250
    Brayden Andel
    1204 CR 259
    Ganado,TX77962     		Student I Texas A&M Kingsville Scholarship 2,500
    Sara Adams
    P O Box 182
    Francitas,TX77961     		Student I Texas State University Scholarship 500
    Clinton Bacak
    106 Mary Rose
    Ganado,TX77962     		Student I Wharton County Junior College Scholarship 1,500
    Courtney Bauman
    702 CR 125
    Edna,TX77957     		Student I Texas State University Scholarship 500
    Brittany Berger
    948 Rodeo Road
    Inez,TX77968     		Student I Texas A&M Corpus Christi Scholarship 2,500
    Shelby Blue
    P O Box 174034
    Arlington,TX76003     		Student I Baylor University Scholarship 3,000
    Travis Alexander
    145 Texas Avenue
    Victoria,TX77905     		Student I Victoria College Scholarship 250
    Ashley Bridges
    P O Box 1253
    Ganado,TX77962     		Student I Texas A&M University Scholarship 2,500
    Ashton Brogger
    P O Box 313
    Vanderbilt,TX77991     		Student I Sam Houston State University Scholarship 2,500
    Whitney Brown
    264 CR 131
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Dara Burgin
    P O Box 111
    Vanderbilt,TX77991     		Student I University of Texas MB Galveston Scholarship 2,000
    Jesus Chavarria
    265 CR 458
    La Ward,TX77970     		Student I Texas State University Scholarship 2,000
    Stacy Darilek
    1986 CR 414
    Ganado,TX77962     		Student I Victoria College Scholarship 1,500
    Taylor Darilek
    2266 CR 414
    Ganado,TX77962     		Student I University of Incarnate Word Scholarship 5,000
    Kimberly Dean
    411 Progress
    Edna,TX77957     		Student I Stephen F Austin University Scholarship 4,500
    Logan Debord
    4826 Old Highway Road
    Inez,TX77968     		Student I University of Texas Scholarship 2,000
    Brent Dierlam
    3092 FM 1822
    Edna,TX77957     		Student I Victoria College Scholarship 2,250
    Kendall Doyle
    325 CR 306
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Hannah Dvorak
    P O Box 344
    Lolita,TX77971     		Student I Victoria College Scholarship 750
    Kimberly Ellis
    1005 Bougainvillea Street
    College Station,TX77845     		Student I University of Houston Clear Lake Scholarship 2,250
    Alan Fellers
    P O Box 152
    Vanderbilt,TX77991     		Student I University of Texas Scholarship 1,500
    Kelli Fellers
    502 Navidad Street
    Vanderbilt,TX77991     		Student I Sam Houston State University Scholarship 1,000
    Jackie Folmar
    P O Box 634
    Edna,TX77957     		Student I University of Houston Victoria Scholarship 1,500
    Julia Foltyn
    5116 FM 1683
    Ganado,TX77962     		Student I Texas State University Scholarship 2,500
    Christian Fowler
    324 Ocelot Drive
    Inez,TX77968     		Student I Texas A&M University Scholarship 4,000
    David Franz
    376 Jentry Road
    Inez,TX77968     		Student I Victoria College Scholarship 1,500
    Hannah Gabrysch
    76 CR 312 West
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Maci Engelmohr
    18035 State Hwy
    Louise,TX77455     		Student I Victoria College Scholarship 500
    Georgi Garza
    P O Box 153
    Ganado,TX77962     		Student I University of Texas Scholarship 2,500
    Megan Gaspard
    4301 Old Highway Road
    Inez,TX77968     		Student I University of Houston Victoria Scholarship 2,250
    Chelsey Gates
    P O Box 177
    Edna,TX77957     		Student I Lamar University Scholarship 2,000
    Hannah Gerdes
    1643 CR 303
    Edna,TX77957     		Student I Victoria College Scholarship 750
    Kevin Gibbs
    1109 South Pleasant Valley Road
    Austin,TX78741     		Student I University of Texas Scholarship 2,500
    Autumn Grahmann
    P O Box 852
    Edna,TX77957     		Student I University of Texas San Antonio Scholarship 2,000
    Kennedy Gresham
    588 CR 238
    Ganado,TX77962     		Student I Victoria College Scholarship 1,500
    Celia Grymes
    552 Ocelot Drive
    Inez,TX77968     		Student I Texas A&M University Scholarship 1,000
    Kendall Hajovsky
    510 West Church Street
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 2,000
    Kathryn Hamilton
    206 West Gayle
    Edna,TX77957     		Student I University of Mary-Hardin Baylor Scholarship 8,000
    Brittany Gregg
    2280CR 424
    Ganado,TX77962     		Student I University of Texas Scholarship 500
    Marissa Hartfield
    1515 Kathy Street
    Victoria,TX77905     		Student I Victoria College Scholarship 1,500
    Madison Grona
    905 Foxglove
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 1,000
    Courtney High
    222 Maraggia Road
    Inez,TX77968     		Student I Stephen F Austin University Scholarship 3,500
    William Hill
    1695 Reynolds Road
    Beaumont,TX77707     		Student I Lamar University Scholarship 5,000
    Cole Hirschhauser
    1975 Aquarena Springs Drive
    San Marcos,TX78666     		Student I Texas State University Scholarship 1,500
    Clark Hamor
    761 FM 1157
    Ganado,TX77962     		Student I University of St Thomas Scholarship 500
    Lauren Hlavaty
    P O Box 1076
    Ganado,TX77962     		Student I Texas A&M University Scholarship 3,500
    Cale Hollas
    108 West Gayle Street
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 1,000
    Patrick Horton
    P O Box 1133
    Edna,TX77957     		Student I Victoria College Scholarship 2,250
    Ashanti Jordan
    1400 N Wells
    Edna,TX77957     		Student I University of Incarnate Word Scholarship 1,000
    April Jungbauer
    2522 Tipton Road
    Inez,TX77968     		Student I Baylor University Scholarship 6,000
    Hunter Keszler
    P O Box 924
    Ganado,TX77962     		Student I University of Mary-Hardin Baylor Scholarship 6,000
    Quintin Kirk
    1014 Virginia
    Edna,TX77957     		Student I University of Texas Scholarship 3,000
    Karl Brady
    2124 CR 303
    Edna,TX77957     		Student I Victoria College Scholarship 500
    Savannah Koehl
    2025 Benbow Road
    Inez,TX77968     		Student I Sam Houston State University Scholarship 4,000
    Ashley Koop
    505 Sam Houston Ave 611
    Huntsville,TX77340     		Student I Sam Houston State University Scholarhsip 6,000
    Nicole Koop
    505 CR 312
    Edna,TX77957     		Student I Sam Houston State University Scholarship 4,000
    Allison Kotlar
    818 CR 304
    Edna,TX77957     		Student I University of Dallas Scholarship 3,500
    Lorrin Kuntz
    2104 College Drive
    Victoria,TX77901     		Student I Texas A&M University Scholarship 4,500
    Brianna Ledwik
    2728 CR 440
    Lolita,TX77971     		Student I Texas A&M University Scholarship 1,000
    MaKayla Lenamon
    8798 FM 3131
    Lolita,TX77971     		Student I College of the Mainland Galveston Scholarship 1,500
    Kinsey Lewis
    222 Richter Road
    Inez,TX77968     		Student I Sam Houston State University Scholarship 3,500
    Madeline Lewis
    353 Bent Oaks Drive
    Inez,TX77968     		Student I University of Texas San Antonio Scholarship 3,500
    Bethany Long
    P O Box 423
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Reid Luedecke
    514 Suzanna
    Edna,TX77957     		Student I University of Texas Scholarship 3,500
    Elyse Mahaffey
    1406 CR 303
    Edna,TX77957     		Student I Texas A&M University Scholarship 4,500
    Will Malek
    56 CR 248C
    Ganado,TX77962     		Student I Hardin Simmons University Scholarship 2,500
    Willam Maraggia
    663 Rodeo Road
    Inez,TX77968     		Student I Texas A&M University Corpus Christi Scholarship 2,500
    Allie Marak
    1799 FM 234 South
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Jerod McCarrel
    112 East Brackenridge
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 2,500
    Haley Meadows
    1079 Dodd Road
    Inez,TX77968     		Student I University of Texas Scholarship 5,000
    Kimberly Morris
    708 Richter Road
    Inez,TX77968     		Student I Texas State University Scholarship 1,000
    Sonya Muniz
    P O Box 204
    Lolita,TX77971     		Student I St Edwards University Scholarship 6,000
    Rhett Musser
    398 FM
    Bryan,TX77805     		Student I Blinn College Scholarship 750
    Jordan Nagel
    179 Bent Oaks Drive
    Inez,TX77968     		Student I Texas A&M University Scholarship 500
    Lori Nidey
    503 Laura Street
    Edna,TX77957     		Student I Texas State University Scholarship 4,500
    Maci Novian
    P O Box 883
    Edna,TX77957     		Student I University of Houston Scholarship 1,500
    Ross Novian
    P O Box 883
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Whitney Orsak
    901 Gilbert
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 1,500
    Haley Orsak
    901 Gilbert
    Edna,TX77957     		Student I University of Texas Scholarship 2,500
    Dana Overstreet
    707 South Gilbert Road
    Edna,TX77957     		Student I Texas A&M Kingsville Scholarship 1,000
    Sarah Novak
    P O Box 786
    Ganado,TX77962     		Student I University of Texas San Antonio Scholarship 250
    Holly Pavlicek
    219 Lansdown
    Victoria,TX77904     		Student I Texas State University Scholarship 2,500
    Logan OConnor
    902 S Progress
    Edna,TX77957     		Student I Blinn College Scholarship 500
    Logan Petrash
    P O Box 495
    Ganado,TX77962     		Student I Sam Houston State University Scholarship 2,250
    LeAnn Reyes
    1011 Fulton Street
    Edna,TX77957     		Student I Victoria College Scholarship 1,500
    Lance Rhodes
    P O Box 67
    Corsicana,TX75151     		Student I Howard Payne University Scholarship 8,000
    Robyn Richter
    P O Box 446
    Inez,TX77968     		Student I Texas State University Scholarship 2,000
    Courtney Sackett
    989 Garcitas Creek Road
    Inez,TX77968     		Student I Texas A&M University Scholarship 2,000
    Jonathan Sappington
    2350 CR 314
    Vanderbilt,TX77991     		Student I Victoria College Scholarship 750
    Jacob Schmidt
    3691 Menger
    San Antonio,TX78259     		Student I University of Texas San Antonio Scholarship 2,000
    Jasmine Simicek
    1909 Hamman Road 408
    Bay City,TX77414     		Student I University of Houston Clear Lake Scholarship 2,000
    Nicholas Skoruppa
    30 CR 249
    Ganado,TX77962     		Student I Victoria College Scholarship 1,500
    Ethan Smith
    56 CR 429
    Lolita,TX77971     		Student I University of Houston Scholarship 1,000
    Abby Stanley
    405 Elm Drive
    Ganado,TX77962     		Student I Texas State University Scholarship 3,500
    Cale Schulze
    535 Treasure Oaks
    Inez,TX77968     		Student I Victoria College Scholarship 500
    Ashley Taylor
    P O Box 591
    Ganado,TX77962     		Student I Sam Houston State University Scholarship 2,500
    Sydney Pattillo
    P O Box 67
    La Ward,TX77970     		Student I Texas A&M Corpus Christi Scholarship 500
    Pierce Thedford
    P O Box 261
    Ganado,TX77962     		Student I University of Mary-Hardin Baylor Scholarship 9,000
    Taylor Thedford
    P O Box 261
    Ganado,TX77962     		Student I University of Mary-Hardin Baylor Scholarship 6,000
    Cody Plant
    P O Box 681
    Ganado,TX77962     		Student I University of Houston Victoria Scholarship 1,000
    Jenny Tseng
    1905 Nueces Street Apt 328
    Austin,TX78705     		Student I University of Texas Scholarship 3,000
    McKenzie Turk
    253 Live Oak
    Inez,TX77968     		Student I Texas A&M University Scholarship 4,500
    Clayton Vesley
    P O Box 156
    Ganado,TX77962     		Student I Victoria College Scholarship 2,250
    Aynglee Vorajakkmol
    052 US Highway 59 North
    Ganado,TX77962     		Student I Baylor University Scholarship 4,500
    Emma Weschler
    4617 CR 324
    Louise,TX77455     		Student I Texas A&M University Scholarship 2,500
    Emma Weigand
    815 Buttercup
    Edna,TX77957     		Student I Texas A&M University Scholarship 1,000
    Elyssa Wright
    409 West Division
    Edna,TX77957     		Student I Wharton County Junior College Scholarship 1,500
    Ashley Yaws
    P O Box 125
    Edna,TX77957     		Student I University of Houston Victoria Scholarship 2,500
    Morgan Yendrey
    151 CR 131
    Edna,TX77957     		Student I Texas A&M University Corpus Christi Scholarship 1,000
    Chazidi Zambrano
    P O Box 52
    Lolita,TX77971     		Student I Tarrant County Community College Scholarship 1,500
    Austin Alford
    P O Box 152
    Ganado,TX77962     		Student I Texas A&M Kingsville Scholarship 1,000
    Cyle Bacak
    106 Mary Rose
    Ganado,TX77962     		Student I Texas State Tech Institute Scholarship 750
    Kasi Bethke
    794 Davis Road
    Inez,TX77968     		Student I Texas State University Scholarship 250
    Lauren Brogger
    P O Box 313
    Vanderbilt,TX77991     		Student I Texas State University Scholarship 250
    Megan Callaway
    2229 FM 822
    Edna,TX77957     		Student I Wharton County Junior College Scholarship 750
    Lizzie Callis
    P O Box 67
    Ganado,TX77962     		Student I Texas A&M University Scholarship 750
    Haylee Carter
    P O Box 709
    Ganado,TX77962     		Student I Texas A&M University Corpus Christi Scholarship 250
    Tyler Conrad
    110 Lansdown
    Victoria,TX77904     		Student I University of Texas San Antonio Scholarship 500
    Carson Darilek
    1986 CR 414
    Ganado,TX77962     		Student I Victoria College Scholarship 750
    Kassidy Dutcher
    P O Box 793
    Ganado,TX77962     		Student I University of Houston Victoria Scholarship 500
    Sabrina Emiliano
    117 Hollybrook
    Inez,TX77968     		Student I Victoria College Scholarship 750
    Desiree Hart
    296 CR 307
    Edna,TX77957     		Student I Universal Tech Institute Scholarship 750
    Lillian Hill
    958 CR 313 East
    Edna,TX77957     		Student I Lamar University Scholarship 1,000
    Cassandra Luhn
    473 Holloybrook
    Inez,TX77968     		Student I Victoria College Scholarship 250
    Kaitlan Martin
    P O Box 1225
    Edna,TX77957     		Student I Wharton County Junior College Scholarship 750
    Sadie Martinez
    P O Box 490
    Inez,TX77968     		Student I Victoria College Scholarship 500
    Gunner McCann
    P O Box 1063
    Ganado,TX77962     		Student I Blinn College Scholarship 750
    Landry Mikulec
    1266 Jentry Road
    Inez,TX77968     		Student I University of Texas Scholarship 1,000
    Taylor Mirelez
    P O Box 244
    Ganado,TX77962     		Student I Texas State University Scholarship 250
    Haley Mitchell
    4398 FM 822
    Edna,TX77957     		Student I Victoria College Scholarship 750
    Holton Newbern
    408 Hanover
    Edna,TX77957     		Student I Texas State University Scholarship 500
    Kaci Nidey
    503 Laura Street
    Edna,TX77957     		Student I Victoria College Scholarship 750
    Baptist General Conv of Texas
    333 N Washington Ave
    Dallas,TX75246     		None PC International Missions 5,000
    Lions Club of Edna
    P O Box 19
    Edna,TX77957     		None PC Eye Sight Testing Equipment 7,000
    First Baptist Church
    309 Cottonwood Street
    Edna,TX77957     		None PC Bldg Note Service Missions other Assets Acquist 231,790
    Military Chaplian Association
    P O Box 7056
    Arlington,VA222077056     		None PC General Fund Donation 5,000
    Texas Baptist Mens Association
    5351 Catron Drive
    Dallas,TX752279932     		None PC General Fund Donation 10,000
    OneMaker
    P O Box 2140
    McComb,MS39649     		None PC Foreign Missions Outreach in India 6,470
    San Marcos Baptist Academy
    2801 Ranch Road 12
    San Marcos,TX78666     		None PC Capital Improvements 350,500
    South Texas Childrens Home
    P O Box 1210
    Beeville,TX78104     		None PC Capital Improvements 330,000
    South Asia Native Mission Associat
    5840 West I-20 Suite 140
    Arlington,TX76017     		None PC Capital Improvements Paper for printing Bibles 40,000
    The Jesus Film Project
    P O Box 628222
    Orlando,FL32862     		None PC General Fund Donation 5,000
    Bluebonnet Youth Ranch
    P O Box 90
    Yoakum,TX77995     		None PC General Fund Donation 5,000
    Helping Hands of Jackson County
    324 East Main
    Edna,TX77957     		None PC General Fund Donation 15,000
    Sam Craig Ministries
    521 Bunte Road
    Smithville,TX78957     		None PC General Fund Donation 5,500
    Darnelius Norman
    P O Box 280
    Edna,TX77957     		None I University of Texas San Antonio Scholarship 1,000
    Logan Robinson
    394 Live Oak
    Inez,TX77968     		None I Texas A&M University Corpus Christi Scholarship 250
    Jaylynn Rodriquez
    1403 Alba
    Edna,TX77957     		Student I Univeristy of North Texas Scholarship 1,500
    Kanryn Roman
    P O Box 294
    Edna,TX77957     		Student I Sam Houston State University Scholarship 1,000
    Shelby Sparks
    421 CR 3011
    Edna,TX77957     		Student I Texas State University Scholarship 500
    Ashlyn Sterling
    P O Box 852
    Ganado,TX77962     		Student I Lamar University Scholarship 500
    Portlynn Tanner
    162 CR 104
    Edna,TX77957     		Student I Texas A&M University Scholarship 1,000
    Samantha Taulbee
    P O Box 284
    Telferner,TX77988     		Student I Texas A&M University Corpus Christi Scholarship 500
    Greg Wise
    506 George F Simons
    Edna,TX77957     		Student I Arizona State University Scholarship 500
    Emily Yendrey
    151 CR 131
    Edna,TX77957     		Student I Texas State University Scholarship 500
    Total .................................bullet 3a 1,305,010
    bApproved for future payment
    Total .................................bullet 3b 0
    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 ............     		         
    4 Dividends and interest from securities....         689,743
    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.....         100,750
    8
    Gain or (loss) from sales of assets other than inventory .............     		        683,917
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     1,474,410
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,474,410
    (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 (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2014 CompensationExplanation
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Person Name Explanation
    M H BROCK DIRECTOR'S FEES
    JOHN J SHUTT DIRECTOR'S FEES, MONTHLY ACCOUNTING, CHECK DISBURSEMENT, FINANCIAL STATEMENT PREPARATION AND 990PF RETURN PREPARATION.
    BOBBY BELL DIRECTOR'S FEES.
    HENRY C WHITLEY DIRECTOR'S FEES.
    JAN MCCLANAHAN DIRECTOR'S FEES.
    TRAVIS R PHILLIPS DIRECTOR'S FEES.

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

    TY 2014 DepreciationSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE EQUIPMENT 2008-07-15 2,941 2,941 SL 5 0 0 0  
    DELL LAPTOP COMPUTER 2011-12-15 1,171 1,105 SL 3 66 66 0  
    HP PRINTER 2013-10-08 500 83 SL 3 167 167 0  

    TY 2014 InvestmentsCorpBondsSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Name of Bond End of Year Book Value End of Year Fair Market Value
    Prosperity held Corporate Bond 1,012,360 817,631
    Prosperity held Mutual Bond 1,787,380 1,798,544
    Ameritrade Mutual Bond Funds 393,251 339,673

    TY 2014 InvestmentsCorpStockSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Ameritrade Common Stocks 8,952,370 9,379,043
    Prosperity Common Stock 7,455,244 9,311,214
    Prosperity Mutual Fund Equitie 258,629 200,315

    TY 2014 LandEtcSchedule2
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Office Equipment 4,613 4,362 251 251


    TY 2014 OtherAssetsSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Mineral Reserves - Alta Mesa 47,790 47,790 47,790
    Mineral Reserves - Zachary 1,020,480 1,020,480 1,020,480
    Accumulated Depletion -480,571 -492,577 -492,577


    TY 2014 OtherDecreasesSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description Amount
       


    TY 2014 OtherExpensesSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Fee 20 20 0 0
    Director and Officer Lia Ins 2,250 2,250 0 0
    Depletion Percentage 12,006 0 12,006 0
    Dues to Asso of Small Foundat 2,225 2,225 0 0
    Freight and Postage 30 30 0 0
    Office Supplies 1,489 1,489 0 0
    Telephone 671 671 0 0


    TY 2014 OtherIncomeSchedule2
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Oil Lease Rent 100 100 0
    Royalty 80,572 80,572 0
    Other Investment Income 20,078 20,078 0


    TY 2014 OtherLiabilitiesSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Description Beginning of Year - Book Value End of Year - Book Value
    Ameritrade Options 13,871 68,984


    TY 2014 OtherProfessionalFeesSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Advisory Fees 53,859 53,859 0 0
    Auditor Fee 8,250 8,250 0 0
    Legal Fee 350 350 0 0


    TY 2014 TaxesSchedule
    Name:
    VELMA LEE & JOHN HARVEY ROBINSON CHARITABLE FOUNDA
    EIN: 74-2300129
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Payroll Tax 3,660 3,060 0 600
    Property Tax on Minerals 4,431 4,431 0 0
    Severance Taxes on Minerals 5,838 5,838 0 0
    Foreign Withhold on Dividends 10,688 10,688 0 0
    Excise Tax 27,905 0 27,905 0