TY 2014 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

Do not enter social security numbers on this form as it may be made public.
bullet

Information 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
H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 3928 Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BEAUMONT, TX777043928

A Employer identification number

76-6024806

B Telephone number (see instructions)

(409) 880-1415

C If exemption application is pending, check here bullet

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

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

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

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

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

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

$4,363,642J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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

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


1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	18,076		18,076
4	Dividends and interest from securities......	67,498		66,436
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		696,101
b	Gross sales price for all assets on line 6a 2,116,840
7	Capital gain net income (from Part IV, line 2)...			696,101
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).......		500	500
12	Total. Add lines 1 through 11........	782,175		781,113
13	Compensation of officers, directors, trustees, etc.	48,719		48,719	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		2,000	2,000	0
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		5,419	5,419	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		29	29	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	56,167		56,167	0
25	Contributions, gifts, grants paid........	144,500			144,500
26	Total expenses and disbursements. Add lines 24 and 25	200,667		56,167	144,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	581,508
b	Net investment income (if negative, enter -0-)			724,946
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing...............
	2	Savings and temporary cash investments..........	76,156	137,224	137,224
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use...............
	9	Prepaid expenses and deferred charges...........
	10a	Investments—U.S. and state government obligations (attach schedule)	454,725	651,415	648,163
	b	Investments—corporate stock (attach schedule)........	1,212,208	1,284,017	1,562,642
	c	Investments—corporate bonds (attach schedule)........	491,833	680,477	685,959
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........	1,064,429	1,103,324	1,297,640
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	7,612	32,014	32,014
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,306,963	3,888,471	4,363,642
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue..................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22)..........	0	0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted...................
	25	Temporarily restricted................
	26	Permanently restricted................
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds.........	1,886,116	1,886,116
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	1,420,847	2,002,355
	30	Total net assets or fund balances (see instructions)......	3,306,963	3,888,471
	31	Total liabilities and net assets/fund balances (see instructions)..	3,306,963	3,888,471

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	3,306,963
2	Enter amount from Part I, line 27a.....................	2	581,508
3	Other increases not included in line 2 (itemize)	3	0
4	Add lines 1, 2, and 3..........................	4	3,888,471
5	Decreases not included in line 2 (itemize)	5	0
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	3,888,471

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
1 a	PUBLICLY TRADED SECURITIES	P
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,100,000	1,420,739	679,261
b	16,840		16,840
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			679,261
b			16,840
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	696,101
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 . . . . . . . . . . . . . . . .		3

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see 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	134,000	3,663,256	0.036579
2012	132,500	3,102,333	0.042710
2011	148,504	3,327,846	0.044625
2010	122,100	3,229,074	0.037813
2009	107,000	2,691,724	0.039751

2	Total of line 1, column (d) ......................	2	0.201478
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	0.040296
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	4,228,567
5	Multiply line 4 by line 3.......................	5	170,394
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	7,249
7	Add lines 5 and 6.........................	7	177,643
8	Enter qualifying distributions from Part XII, line 4..............	8	144,500
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)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check hereand enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	14,499
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	14,499
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	14,499
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	4,704
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	4,704
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	9,795
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

for definition)?.................................

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

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

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

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

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

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

on foundation managers. bullet

$ 0

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

If "Yes," attach a detailed description of the activities.

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

and Part XV..................................

Yes

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

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

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

Yes

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

or 4942(j)(5) for calendar year 2014 or the taxable year beginning in 2014 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Form 990-PF (2014)

Page 5

Part VII-A

Statements Regarding Activities (continued)

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

CAPITAL ONE NATIONAL ASSOCIATION Telephone no. bullet

(409) 880-1415

Located at bullet

510 PARKBEAUMONTTX ZIP+4 bullet

77701

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

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

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)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2014?.............

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

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

At the end of tax year 2014, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2014?...............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

If "Yes," did it have excess business holdings in 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.)....................

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2014?

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

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

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

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

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

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

in section 4945(d)(4)(A)? (see instructions)..................YesNo

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

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

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

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

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

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

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

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

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

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

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

If "Yes" to 6b, file Form 8870.

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

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

Form 990-PF (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
CAPITAL ONE	TRUSTEE 20.00	48,719	0	0
PO BOX 3928 BEAUMONT,TX777043928	TRUSTEE 20.00	48,719	0	0

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









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


2


3


4

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.)

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

purposes:

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

4,179,209

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

106,690

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

7,062

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

4,292,961

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

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

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

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

4,292,961

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

instructions) .............................

64,394

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

4,228,567

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

211,428

Part XI

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

and do not complete this part.)

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

211,428

Tax on investment income for 2014 from Part VI, line 5......

14,499

Income tax for 2014. (This does not include the tax from Part VI.)...

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

14,499

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

196,929

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

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

196,929

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

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

196,929

Part XII

Qualifying Distributions (see instructions)

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

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

144,500

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

144,500

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

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

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

144,500

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)

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				196,929
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......			109,434
b Total for prior years:20, 20, 20		0
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.........	0
4Qualifying distributions for 2014 from Part
XII, line 4: $ 144,500
a Applied to 2013, but not more than line 2a				109,434
b Applied to undistributed income of prior years (Election required—see instructions).....		0
c Treated as distributions out of corpus (Election required—see instructions).........	0
d Applied to 2014 distributable amount.....				35,066
e Remaining amount distributed out of corpus	0
5 Excess distributions carryover applied to 2014.	0			0
(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	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........		0
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......		0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........				161,863
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) .......	0
8Excess distributions carryover from 2009 not applied on line 5 or line 7 (see instructions) ...	0
9Excess distributions carryover to 2015. Subtract lines 7 and 8 from line 6a ......	0
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)

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2014	(b) 2013	(c) 2012	(d) 2011	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

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

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

Check here bullet

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

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

CAPITAL ONE NATIONAL ASSOCIATION
PO BOX 3928
BEAUMONT,TX777043928
(409) 880-1415

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

NONE

cAny submission deadlines:

NONE

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

NONE

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BOY SCOUTS OF AMERICA 4650 CARDINAL DRIVE BEAUMONT,TX77705	N/A	501(C)(3)	FUNDING FOR CAPITAL CAMPAIGN FOR DISHMAN SERVICE CENTER	25,000
JASON ALLIANCE OF SOUTHEAST TEXAS 855 EAST FLORIDA BOX 9 BEAUMONT,TX77705	N/A	501(C)(3)	PROJECT FUNDING FOR WETLANDS	10,000
KVLU LAMAR UNIVERSITY PO BOX 10064 BEAUMONT,TX777100064	N/A	501(C)(3)	FUNDING FOR STUDIO RE-FIT AND EQUIPMENT UPGRADE FINAL STAGE	10,000
SOME OTHER PLACE PO BOX 843 BEAUMONT,TX777040843	N/A	501(C)(3)	FUNDING FOR BACK TO SCHOOL CLOTHING PROGRAM	25,000
SOUTHEAST TEXAS CRITICAL INCIDENT STRESS MANAGEMENT TEAM INC 160 HUNTERS COURT LUMBERTON,TX77657	N/A	501(C)(3)	FUNDING FOR COUNSELING SERVICES TO EMERGENCY SERVICE WORKERS	2,500
SOUTHEAST TEXAS FOOD BANK 3845 S MLK PARKWAY BEAUMONT,TX77705	N/A	501(C)(3)	FUNDING FOR MOBILE PANTRY PROGRAM FAMILY BOXES	10,000
TEXAS ENERGY MUSEUM 600 MAIN STREET BEAUMONT,TX77701	N/A	501(C)(3)	FUNDING FOR SUMMER EXHIBITION LIGHT & MIRRORS & EDUCATION PROGRAMS	12,000
TRINITY UNITED METHODIST CHURCH 3430 HARRISON AVE BEAUMONT,TX77706	N/A	501(C)(3)	FUNDING FOR CHURCH RENOVATIONS	50,000
Total ................................. 3a				144,500

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ............					18,076
4 Dividends and interest from securities....					67,498
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.....					500
8 Gain or (loss) from sales of assets other than inventory .............					696,101
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)..		0		0	782,175

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

13782,175

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
3-8	ALL AMOUNTS REPRESENT EARNINGS ON INVESTMENTS AND GAINS AND LOSSES ON THE SALE OF INVESTMENTS, WHICH PROVIDE FUNDS SOLELY FOR THE ACCOMPLISHMENT OF THE ORGANIZATION'S CHARITABLE PURPOSES.

Form 990-PF (2014)

Page 13

Part XVII

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

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political

Yes

organizations?

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

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

Form 990-PF (2014)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2014 AccountingFeesSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	2,000	2,000		0

- TIN:

TY 2014 InvestmentsCorpBondsSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Name of Bond	End of Year Book Value	End of Year Fair Market Value
JP MORGAN CHASE & CO SR NT	103,321	110,471
BAXTER INTL INC	106,143	107,532
OCCIDENTAL PETE CORP DEL SR NT	99,437	98,933
ILLINOIS TOOL WKS INC SR NT	99,941	100,054
ISHARES JP MORGAN USD EMERGING MAKRETS BOND ETF	61,493	60,560
PETROLOGISTICS FIN CORP SR NT	109,952	107,750
VENTAS RLTY LTD PARTNERSHIP SR NT	100,190	100,659

- TIN:

TY 2014 InvestmentsCorpStockSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CISCO SYS INC COM	3,677	6,676
EXXON MOBIL CORP COM	28,077	33,837
GENERAL ELEC COM	1,352	11,372
QUALCOMM INC COM	4,783	10,555
VERIZON COMMUNICATIONS INC COM	6,462	9,262
APPLE INC COM	3,706	77,156
COCA COLA CO.	12,608	12,455
CSX CORP	3,779	14,311
COSTCO WHOLESALE CORP	4,264	10,773
DISNEY WALT COMPANY	8,206	24,772
JP MORGAN CHASE & CO COM	11,181	23,906
CHEVRON CORP NEW COM	15,577	23,558
FLUOR CORP NEW COM	6,226	8,064
CATERPILLAR INC COM	14,148	21,143
CVS HEALTH CORPORATION	6,916	16,758
ORACLE CORP COM	4,914	12,367
TJX COS INC NEW COM	5,609	15,636
WELLS FARGO & CO NEW COM	13,328	26,588
DISCOVER FINL SVCS COM	7,286	20,695
NATIONAL OILWELL INC COM	18,004	18,479
TRAVELERS COS INC COM	17,181	26,886
EXPRESS SCRIPTS HLDG CO COM	13,508	19,728
MICROSOFT CORP COM	20,367	23,597
PHILIP MORRIS INTL INC COM	10,472	9,774
LYONDELLBASELL INDUSTRIES N V SHS A	9,032	11,591
CITIGROUP INC COM NEW	172	216
COMERICA INC COM	10,236	10,492
GILEAD SCIENCES INC COM	7,656	14,045
ST JUDE MED INC COM	10,355	16,258
UBS ALERIAN MLP INDEX ETN	117,046	130,285
EVEREST RE GROUP LTD COM	13,914	13,794
AT&T INC COM	15,836	14,813
ACTIVISION BLIZZARD INC COM	23,760	23,938
ALEXION PHARMACEUTICALS INC COM	9,051	8,881
AMAZON COM INC COM	19,758	18,931
AMERICAN EXPRESS CO COM	12,371	12,653
AMERISOURCEBERGEN CORP COM	25,272	25,696
APPLIED MATLS INC COM	14,833	16,298
BANK OF AMERICA CORP COM	14,110	14,634
BANK NEW YORK MELLON CORP COM	14,106	14,321
BIOGEN IDEC INC COM	12,096	13,578
CME GROUP INC COM	12,259	12,766
CABLEVISION NY GROUP CL A COM	9,546	10,650
CAMERON INTL CORP COM	9,686	8,392
CELGENE CORP COM	16,065	17,450
CLOROX CO COM	13,630	14,068
COCA COLA ENTERPRISES INC NEW COM	6,660	9,463
COMPASS MINERALS INTL INC COM	15,072	14,761
CONOCOPHILLIPS COM	28,258	27,417
CULLEN FROST BANKERS INC COM	12,861	11,232
CUMMINS INC COM	11,587	11,534
FACEBOOK INC CL A	34,526	36,201
GENERAL DYNAMICS CORP COM	15,847	15,276
GOLDMAN SACHS GROUP INC COM	19,947	20,352
HARLEY DAVIDSON INC COM	12,887	12,391
HARRIS CORP DEL COM	14,826	15,082
HOME DEPOT INC COM	29,662	31,701
ITT CORP NEW COM NEW	17,294	16,265
INTUITIVE SURGICAL INC COM NEW	14,370	14,810
JOHNSON & JOHNSON COM	35,151	33,881
JONES LANG LASALLE INC COM	8,321	8,846
KNIGHT TRANSN INC COM	16,522	17,840
LINCOLN NATL CORP IND COM	24,404	25,029
LINEAR TECHNOLOGY CORP	10,089	10,625
LINKEDIN CORP COM CL A	16,046	15,850
LOCKHEED MARTIN CORP COM	17,541	18,101
MARRIOTT VACATIONS WRLDWDE CP COM	14,572	15,057
MCKESSON CORP COM	22,429	22,834
NETFLIX INC COM	13,710	12,298
NIKE INC CLASS B COM	12,573	12,692
PEPSICO INC COM	11,175	10,780
PFIZER INC COM	21,686	22,272
PHILLIPS 66 COM	17,989	18,068
SCHEIN HENRY INC COM	10,434	10,892
SCHLUMBERGER LTD COM	13,338	11,957
SHUTTERSTOCK INC COM	10,928	9,467
SOUTHWEST AIRLS CO COM	24,815	26,831
SPIRIT AEROSYSTEMS HLDGS INC CL A	15,151	15,839
STATE STR CORP COM	13,693	14,052
SUNTRUST BKS INC COM	14,298	15,000
SYSCO CORP COM	10,333	10,597
TEXAS INSTRS INC COM	14,806	15,398
3M CO COM	24,558	25,469
VISA INC COM CL A	23,237	24,384

- TIN:

TY 2014 InvestmentsGovtObligationsSch

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

US Government Securities - End of Year Book Value:

651,415

US Government Securities - End of Year Fair Market Value:

648,163

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

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

- TIN:

TY 2014 InvestmentsOtherSchedule2

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FEDERATED ULTRASHORT BOND FD IS #108	AT COST	27,720	27,629
HOMESTEAD SMALL-COMPANY STOCK	AT COST	161,179	255,540
WELLS FARGO ADVANTAGE EMERGING MARKETS	AT COST	56,154	58,863
AQUILA THREE PEAKS HIGH INCOME	AT COST	77,186	72,559
FEDERAL INSTITUTIONAL HIGH YIELD	AT COST	74,855	72,554
LEGG MASON BW INTERNATIONAL OPPORTUNITIES BOND FUND CL I	AT COST	83,403	79,276
WELLS FARGO ADVANTAGE SHORT-TERM HIGH YIELD BOND FUND	AT COST	72,362	70,885
GOLDMAN SACHS N-11 EQUITY FUND IS #3803	AT COST	58,253	57,710
CLEARBRIDGE MID CAP CORE FUND CLASS I #644	AT COST	244,646	367,074
OTHER INVESTMENTS	AT COST	4,751	4,751
CAUSEWAY INTERNATIONAL VALUE FUND	AT COST	242,815	230,799

- TIN:

TY 2014 OtherAssetsSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
RECEIVABLE FROM COMMON TRUST FUND	2,452	2,310	2,310
EXCISE TAX DEPOSIT	5,160	4,704	4,704
DUE FROM NAU CENTER FOR TEXAS CULTURAL HERITAGE		25,000	25,000

- TIN:

TY 2014 OtherExpensesSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ADMINISTRATIVE EXPENSES	29	29		0

- TIN:

TY 2014 OtherIncomeSchedule2

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
ROYALTIES - NONMINERAL	500	500	500

- TIN:

TY 2014 TaxesSchedule

Name:

H E AND KATE DISHMAN CHARITABLE FOUNDATION TRUST

EIN: 76-6024806

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
EXCISE TAX	4,456	4,456		0
FOREIGN TAXES PAID	963	963		0