TY 2014 Form 990PF

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)
	1	Contributions, gifts, grants, etc., received (attach
	schedule)..............
2	Check
	Sch. B ...............
3	Interest on savings and temporary cash investments	43,976	43,976
4	Dividends and interest from securities......	2,994,119	2,994,119
5a	Gross rents..............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		11,988,820
b	Gross sales price for all assets on line 6a 38,023,471
7	Capital gain net income (from Part IV, line 2)...		10,010,342
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).......		8,061,021	8,061,021
12	Total. Add lines 1 through 11........	23,087,936	21,109,458
	13	Compensation of officers, directors, trustees, etc.	168,915	164,415	16,442	147,973
14	Other employee salaries and wages......	66,750	6,675		60,075
15	Pension plans, employee benefits.......	17,684	1,768		15,916
16a	Legal fees (attach schedule).........		2,763	276		2,487
b	Accounting fees (attach schedule).......		27,475	2,748		24,727
c	Other professional fees (attach schedule)....		80,543	80,543
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,283,409	1,094,409
19	Depreciation (attach schedule) and depletion...		1,187,193	1,177,340
20	Occupancy..............	17,304	1,730		15,574
21	Travel, conferences, and meetings.......	12,145	1,215		10,930
22	Printing and publications..........
23	Other expenses (attach schedule).......		419,576	402,799		16,777
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,283,757	2,933,918	16,442	294,459
25	Contributions, gifts, grants paid........	9,782,935			9,782,935
26	Total expenses and disbursements. Add lines 24 and 25	13,066,692	2,933,918	16,442	10,077,394
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	10,021,244
b	Net investment income (if negative, enter -0-)		18,175,540
c	Adjusted net income (if negative, enter -0-)...

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...............	1,468,335	5,129,214	5,129,214
	2	Savings and temporary cash investments..........
	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)
	b	Investments—corporate stock (attach schedule)........	135,437,494	142,930,328	173,942,840
	c	Investments—corporate bonds (attach schedule)........
	11	Investments—land, buildings, and equipment: basis 12,075,645
		Less: accumulated depreciation (attach schedule) 11,836,269	241,434	239,376	17,054,554
	12	Investments—mortgage loans..............
	13	Investments—other (attach schedule)...........
	14	Land, buildings, and equipment: basis 157,934
		Less: accumulated depreciation (attach schedule) 18,770	733	139,164	151,688
	15	Other assets (describe )	303,672	287,805	287,805
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	137,451,668	148,725,887	196,566,101
	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
		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.........
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds	137,451,668	148,725,887
	30	Total net assets or fund balances (see instructions)......	137,451,668	148,725,887
	31	Total liabilities and net assets/fund balances (see instructions)..	137,451,668	148,725,887

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	137,451,668
2	Enter amount from Part I, line 27a.....................	2	10,021,244
3	Other increases not included in line 2 (itemize)	3	1,252,975
4	Add lines 1, 2, and 3..........................	4	148,725,887
5	Decreases not included in line 2 (itemize)	5
6	Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30.	6	148,725,887

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	10,010,342
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

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
2013	9,007,278	185,250,770	0.048622
2012	6,582,288	170,120,587	0.038692
2011	7,176,745	160,995,666	0.044577
2010	6,985,656	142,929,333	0.048875
2009	6,509,143	125,185,355	0.051996

2	Total of line 1, column (d) ......................	2	0.232762
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	0.046552
4	Enter the net value of noncharitable-use assets for 2014 from Part X, line 5.....	4	196,250,520
5	Multiply line 4 by line 3.......................	5	9,135,854
6	Enter 1% of net investment income (1% of Part I, line 27b)...........	6	181,755
7	Add lines 5 and 6.........................	7	9,317,609
8	Enter qualifying distributions from Part XII, line 4..............	8	10,077,394
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.

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	181,755
	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
3	Add lines 1 and 2...........................	3	181,755
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	181,755
6	Credits/Payments:

a	2014 estimated tax payments and 2013 overpayment credited to 2014	6a	177,009
b	Exempt foreign organizations—tax withheld at source.......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	50,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............	7	227,009
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.	8	83
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	45,171
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax45,171	Refunded	11

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
DON GRAF	SECRETARY 5.00	81,615	0	0
P O BOX 94038 LUBBOCK,TX79493
KAY SANFORD	EXECUTIVE DI 25.00	82,800	0	0
9307 QUINTON AVENUE LUBBOCK,TX79424
KEVIN G MCMAHON	TREASURER 2.00	1,250	0	0
4011 88TH PLACE LUBBOCK,TX79423
KATHY GILBREATH	VICE PRESIDE 2.00	1,250	0	0
4603 5TH STREET LUBBOCK,TX79416
CAROL MCWHORTER	PRESIDENT 2.00	1,250	0	0
3019 21ST STREET LUBBOCK,TX79410
MARK GRIFFIN	TRUSTEE 2.00	750	0	0
PO BOX 10128 LUBBOCK,TX79408

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
CONFERENCE OF SOUTHWEST FOUNDATIONS 624 N GOOD-LATIMER EXPRE DALLAS,TX75204	NONE	PAID	PROFESSIONAL DEVELOPMENT GRANT	3,500
ALL SAINTS EPISCOPAL SCHOOL 3222 103RD STREET LUBBOCK,TX79423	NONE	PAID	NEW BUILDING GRANT - 3RD OF 3 YEARS	100,000
COVENANT HEALTH SYSTEM FOUNDATION 3623 22ND PLACE LUBBOCK,TX79410	NONE	PAID	LAST DOLLAR GRANT FOR HOSPICE ENDOWM	12,700
MUSEUM OF TTU ASSOCIATION BOX 43191 LUBBOCK,TX79409	NONE	PAID	NEW LIGHTING & ELECTRICAL OUTLETS FO	144,335
VOLUNTEER CENTER OF LUBBOCK 1706 23RD STREET SUITE 2 LUBBOCK,TX79411	NONE	PAID	YOUTH IN SERVICE - RURAL SCHOOLS FAL	75,600
HALE CENTER SENIOR CITIZENS ASSN 416 W 2ND STREET HALE CENTER,TX79041	NONE	PAID	NEW COMMERCIAL DISHWASHER	5,000
TEXAS TECH UNIVERSITY FOUNDATION BOX 41081 LUBBOCK,TX79409	NONE	PAID	ILLUMINA HI-SEQUENCER 2500	750,000
SALVATION ARMY - LUBBOCK P O BOX 2785 LUBBOCK,TX79408	NONE	PAID	EMERGENCY RELIEF ON TEXAS BORDERE	10,000
GUADALUPEPARKWAY CENTERS 405 N MLK JR BLVD LUBBOCK,TX79403	NONE	PAID	LAND ACQUISITION AT PARKWAY CENTER	45,375
LUBBOCK MOONLIGHT MUSICALS P O BOX 93522 LUBBOCK,TX79493	NONE	PAID	PRODUCTION OF CATS	25,000
VOLUNTEER CENTER OF LUBBOCK 1706 23RD STREET SUITE 2 LUBBOCK,TX79411	NONE	PAID	YOUTH CONNECTION PROGRAM-LUBBOCK ARE	81,625
TEXAS INTERSCHOLASTIC LEAGUE FOUNDA PO BOX 8028 AUSTIN,TX78713	NONE	PAID	2014 SCHOLARSHIPS	76,500
LUBBOCK ROOTS HISTORICAL ARTS COUNC PO BOX 3671 LUBBOCK,TX79452	NONE	PAID	2014 GRANT- PURCHASE OF BUILDING AT	75,500
AMERICAN CANCER SOCIETY 3513 10TH STREET LUBBOCK,TX79415	NONE	PAID	REFUND OF 2012 GRANT, NOT USED FOR O	-100,000
LUBBOCK AREA FOUNDATION 2509 80TH STREET LUBBOCK,TX79423	NONE	PAID	2014 GRANT AWARD	250,000
LUBBOCK ENTERTAINPERFORMING ARTS A 1500 BROADWAY SUITE 1254 LUBBOCK,TX79401	NONE	PAID	2014 GRANT FOR OPERATING EXPENSES	248,700
ASSIST HUMAN NEEDS 1218 14TH ST LUBBOCK,TX79401	NONE	PAID	DEPOSIT	-2,039
ACROSS THE STREET MINISTRIES 2002 60TH ST LUBBOCK,TX79412	NONE	PAID	SUPPORT FOR SUMMER CHILDREN'S PROGRA	5,984
ALL SAINTS EPISCOPAL SCHOOL 3222 103RD STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR SCHOLARSHIPS	100,000
ALSTROM ANGELS 3807 106TH STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR EQUIPMENT	4,580
AMERICAN WIND POWER CENTER 1701 CANYON LAKE DRIVE LUBBOCK,TX79403	NONE	PAID	SUPPORT FOR BUILDING AND EQUIPPING C	42,000
BALLET LUBBOCK 5702 GENOA AVE LUBBOCK,TX79424	NONE	PAID	SUPPORT FOR OPERATIONS AND PERFORMAN	95,104
BCFS HEALTH AND HUMAN SERVICES 125 CHICAGO AVE LUBBOCK,TX79416	NONE	PAID	SUPPORT FOR ADMINISTRATIVE ASSISTANT	20,000
BOY SCOUTS - SOUTH PLAINS COUNCIL 30 BRIERCROFT OFFICE PARK LUBBOCK,TX79412	NONE	PAID	SUPPORT FOR SERVER AND PHONE SYSTEM	32,003
BROWNFIELD SENIOR CITIZENS' CENTER PO BOX 1021 BROWNFIELD,TX79316	NONE	PAID	FOOD SUPPLIES FOR SENIOR CITIZEN CEN	10,000
CAPROCK AMBUCS P O BOX 93871 LUBBOCK,TX79493	NONE	PAID	AMTRYKE THERAPEUTIC TRICYCLES MATCHI	10,000
CATHOLIC CHARITIES 102 AVNUE J LUBBOCK,TX79401	NONE	PAID	SALARIES AND SUPPLIES FOR COOKING PR	23,419
CETA CANYON CAMP & RETREAT CENTER 37201 FM 1721 HAPPY,TX79042	NONE	PAID	SUPPORT FOR WATER SLIDE	20,000
COMANCHERO CANYONS MUSEUM 200 S 3RD STREET QUITAQUE,TX79255	NONE	PAID	SUPPORT FOR BUILDING RENOVATIONS	25,000
COMMUNITY PARTNERS OF LUBBOCK 1103 MLK JR BLVD LUBBOCK,TX79403	NONE	PAID	SUPPORT OF CRIBS AND TODDLER BEDS	8,000
CASA OF THE SOUTH PLAINS 24 BRIERCROFT OFFICE PARK LUBBOCK,TX79412	NONE	PAID	INTERN SALARIES AND COMPUTER EQUIPME	17,693
EARLY LEARNING CENTERS 1639 MAIN STREET LUBBOCK,TX79401	NONE	PAID	CHILD CARE FOR WORKING PARENTS	135,000
EASY R EQUINE 3531 152ND STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT OF YOUTH PROGRAMS, HORSE RES	5,000
FAMILY GUIDANCE & OUTREACH OF LUBBO 5 BRIERCROFT OFFICE PARK LUBBOCK,TX79412	NONE	PAID	SUPPORT FOR PARENTING CLASSES	19,992
FAMILY PROMISE OF LUBBOCK P O BOX 1258 LUBBOCK,TX79408	NONE	PAID	CASE MANAGER & VOLLUNTEER COORDINATO	30,000
FLATLANDS DANCE THEATRE P O BOX 93001 LUBBOCK,TX79493	NONE	PAID	SUPPORT FOR GUEST ARTISTS AND PRODUC	5,000
FRIENDS OF THE LUBBOCK PUBLIC LIBRA 1306 9TH STREET LUBBOCK,TX79401	NONE	PAID	E-BOOKS AND AUDIO E-BOOKS SUPPORT	19,588
GIRL SCOUTS-TX OK PLAINS INC 2567 74TH STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR PROGRAMMING	25,000
GOODWILL INDUSTRIES 715 28TH ST LUBBOCK,TX79404	NONE	PAID	TRAINING, PLACEMENT & LIFE SKILLS PR	131,000
GUADALUPEPARKWAY CENTERS 405 N MLK JR BLVD LUBBOCK,TX79403	NONE	PAID	PURCHASE OF LAND, SUPPORT OF AFTERSC	136,909
HIGH POINT VILLAGE P O BOX 65674 LUBBOCK,TX79464	NONE	PAID	OPERATIONAL SUPPORT	48,607
HOPE COMMUNITY OF SHALOM 2005 AVENUE T LUBBOCK,TX79411	NONE	PAID	BATHROOM CONSTRUCTION SUPPORT	27,680
JUNIOR LEAGUE OF LUBBOCK 4205 84TH ST LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR FOOD2KIDS	20,000
THE KNOWLEDGE CENTER LCU 5601 19TH STREET LUBBOCK,TX79407	NONE	PAID	TEACHER RECOGNITION, SUPPORT OF ESTA	10,750
LITERACY LUBBOCK 1306 9TH STREET LUBBOCK,TX79401	NONE	PAID	PROGRAM FUNDING	37,000
LLANO ESTACADO SILVER STAR BOARD 2709 81ST ST SUITE A LUBBOCK,TX79423	NONE	PAID	SUPPORT EMERGENCY NEEDS OF ADULT PRO	6,000
LUBBOCK AREA FOUNDATION 2509 80TH STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT THE FUNDING LIBRARY	25,000
LUBBOCK AREA UNITED WAY 1655 MAIN ST SUITE 101 LUBBOCK,TX79401	NONE	PAID	ANNUAL CAMPAIGN SUPPORT, OPERATING E	310,000
LUBBOCK ARTS ALLIANCE P O BOX 5092 LUBBOCK,TX79408	NONE	PAID	SUPPORT OF ARTS FESTIVAL, ARTS DISTR	52,000
LUBBOCK BOYS & GIRLS CLUB PO BOX 94163 LUBBOCK,TX79493	NONE	PAID	DEVELOPMENT EFFORTS FOR CAPITAL IMPR	25,000
LUBBOCK CHAMBER OF COMMERCE FOUNDAT 1500 BROADWAY SUITE 101 LUBBOCK,TX79401	NONE	PAID	IMPLEMENTATION OF IMAGINE LUBBOCK	22,000
LUBBOCK CHILDREN'S HEALTH CLINIC P O BOX 12103 LUBBOCK,TX79452	NONE	PAID	SUPPORT OF SALARIES, TRAINING, VACCI	67,737
LUBBOCK CHORALE PMB 303 5815 82ND ST SU LUBBOCK,TX79424	NONE	PAID	SUPPORT OF CONCERTS	23,000
LUBBOCK CHRISTIAN UNIVERSITY 5601 19TH STREET LUBBOCK,TX79407	NONE	PAID	FAMILY NURSE PRACTITIONER PROGRAM 3R	90,000
LUBBOCK CHRISTIAN UNIVERSITY 5601 19TH STREET LUBBOCK,TX79407	NONE	PAID	FT-IR AND PICOSPIN 45 NMR SPECTROMET	50,000
LUBBOCK COMMUNITY THEATRE 4232 BOSTON AVE LUBBOCK,TX79413	NONE	PAID	SUPPORT OF GUEST ARTIST, MARKETING,	35,500
LUBBOCK ENTERTAINPERFORMING ARTS A 1500 BROADWAY SUITE 1254 LUBBOCK,TX79401	NONE	PAID	SUPPORT OF BUDDY HOLLY HALL	2,000,000
LUBBOCK HABITAT FOR HUMANITY PO BOX 209 LUBBOCK,TX79408	NONE	PAID	SUPPORT OF WEBSITE, EDUCATION CLASSE	10,369
LUBBOCK INDEPENDENT SCHOOL DISTRICT 1628 19TH STREET LUBBOCK,TX79401	NONE	PAID	SCHOLARSHIPS	3,000
LUBBOCK MEMORIAL ARBORETUM 4111 UNIVERSITY LUBBOCK,TX79413	NONE	PAID	SUPPORT FOR REPAIRING OUTDOOR CLASSR	5,000
LUBBOCK MOONLIGHT MUSICALS P O BOX 93522 LUBBOCK,TX79493	NONE	PAID	SUPPORT FOR SUMMER THEATRE, DINNER T	110,000
LUBBOCK SYMPHONY ORCHESTRA 601 AVE K LUBBOCK,TX79401	NONE	PAID	SUPPORT FOR GUEST ARTIST, CHAMBER EN	120,000
MAKE-A-WISH FOUNDATION 4413 82ND STREET BOX 20 LUBBOCK,TX79424	NONE	PAID	WISHES FOR CHIDREN	5,000
MARCH OF DIMES 2801 26TH ST SUITE 300 LUBBOCK,TX79410	NONE	PAID	STORK'S NEST SUPPORT, RENT & UTILITI	6,678
MORRIS SAFE HOUSE 3420 NIGHTINGALE ROAD LUBBOCK,TX79407	NONE	PAID	VACCINES FOR RESCUED DOGS	5,000
NATIONAL COWBOY SYMPOSIUM P O BOX 6638 LUBBOCK,TX79493	NONE	PAID	SUPPORT OF ENTERTAQINMENT FOR 26TH A	10,000
NORTH AMERICA HOMBRES NOBLES P O BOX 98401 LUBBOCK,TX79499	NONE	PAID	TOMORROW' LEADERS PROGRAM, 3RD OF 3	10,000
PANHANDLE SOUTH PLAINS FAIR FOUNDAT 1012 AVENUE A LUBBOCK,TX79401	NONE	PAID	NEW CHILDREN'S BARNYARD BUILDING	50,000
PARENTING COTTAGE 3818 50TH STREET LUBBOCK,TX79413	NONE	PAID	OPERATIONAL SUPPORT	30,000
PEP HIGH SCHOOL P O BOX 394 PEP,TX79353	NONE	PAID	EQUIPMENT SUPPORT	3,300
RECORDING LIBRARY OF WEST TEXAS 3500 NORTH A SUITE 2800 MIDLAND,TX79705	NONE	PAID	SUPPORT FOR PROGRAMMING	8,000
REFUGE SERVICES PO BOX 53684 LUBBOCK,TX79453	NONE	PAID	EQUINE ASSISTED PSYCHOTHERAPY SCHOLA	25,000
RONALD MCDONALD HOUSE 3413 10TH STREET LUBBOCK,TX79415	NONE	PAID	UPDATED SECURITY FEATURES, EQUIPMENT	22,000
SANTA FE OPERA PO BOX 2408 SANTA FE,NM87504	NONE	PAID	SPRING APPRENTICE TOUR - 2ND OF 2 YE	5,000
SCIENCE SPECTRUM 2579 S LOOP 289 SUITE 2 LUBBOCK,TX79403	NONE	PAID	PIRATES AND TREASURE 2015 EXHIBITION	40,000
SILENT WINGS MUSEUM FOUNDATION 6202 N I-27 LUBBOCK,TX79403	NONE	PAID	D-DAY, VETERENS DAY, TRAVELLING EXHI	30,860
SLATON RAILROAD HERITAGE ASSOCIATIO PO BOX 53 SLATON,TX79364	NONE	PAID	RESTORATION OF HARVEY HOUSE	20,000
SOUTH PLAINS CLOSING THE GAPS P-20 PO BOX 41071 LUBBOCK,TX79409	NONE	PAID	SCHOLARSHIP SUPPORT, 1ST OF 2 YEARS	50,000
SOUTH PLAINS COLLEGE FOUNDATION 1401 S COLLEGE AVE LEVELLAND,TX79336	NONE	PAID	IMPACT SCHOLARSHIPS, RETAIN NURSING	120,000
SOUTH PLAINS FOOD BANK 4612 LOCUST AVE LUBBOCK,TX79404	NONE	PAID	SUPPORT FOR INDUSTRIAL RACKING SYSTE	129,852
SPECIAL OLYMPICS TEXAS 1318 13TH STREET STE 7 LUBBOCK,TX79401	NONE	PAID	PROGRAMMING FOR SPORTS TRAINING, VOL	15,300
SUPPORTERS OF THE FINE ARTS (SOFA) P O BOX 53005 LUBBOCK,TX79453	NONE	PAID	EXHIBITS AND PROGRAMMING SUPPORT	26,900
TEXAS CULTURAL TRUST 823 CONGRESS AVE STE 707 AUSTIN,TX78701	NONE	PAID	FINE ARTS CURRICULUM AND EQUIPMENT F	26,000
TEXAS RAMP PROJECT P O BOX 832065 RICHARDSON,TX75083	NONE	PAID	TOOLS AND ADMINISTRATIVE SUPPORT	3,000
UMC FOUNDATION P O BOX 5980 LUBBOCK,TX79408	NONE	PAID	SUPPORT OF BURN UNIT OPERATING SUITE	125,000
LOUISE H UNDERWOOD CENTER FOR THE 511 AVENUE K LUBBOCK,TX79401	NONE	PAID	SUPPORT FOR THE PLAZA PROJECT	200,000
VOLUNTEER SERVICES COUNCIL LUBBOCK STATE SCHOOL PO LUBBOCK,TX79408	NONE	PAID	LANDSCAPING SUPPORT	20,000
WAYLAND BAPTIST UNIVERSITY - LUBBOC 801 N QUAKER LUBBOCK,TX79416	NONE	PAID	PRINTERS AND SPFTWARE LICENSE SUPPOR	12,000
WEST TEXAS WATERCOLOR SOCIETY PO BOX 2022 LUBBOCK,TX79408	NONE	PAID	SUUPORT FOR EXHIBITION CATALOG	11,000
WOMEN'S PROTECTIVE SERVICES PO BOX 54089 LUBBOCK,TX79453	NONE	PAID	SUUPORT FOR AIR CONDITIONERS, PHONES	68,700
YOUTH ORCHESTRA OF LUBBOCK 4011 42ND STREET LUBBOCK,TX79413	NONE	PAID	SCHOLARSHIP SUPPORT	5,000
YWCA OF LUBBOCK 3101 35TH ST LUBBOCK,TX79413	NONE	PAID	SUPPORT FOR TEEN NIGHT, YW-CARE, WOM	404,800
SUSAN GKOMEN BREAST CANCER FD 7412 UNIVERSITY SUITE 2 LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR RACE FOR THE CURE	20,000
TEXAS TECH UNIVERSITY FOUNDATION BOX 41081 LUBBOCK,TX79409	NONE	PAID	VARIOUS GRANTS - TRIP ELIGIBLE	463,465
TEXAS TECH UNIVERSITY FOUNDATION BOX 41081 LUBBOCK,TX79409	NONE	PAID	VARIOUS GRANTS	896,369
MUSEUM OF TTU ASSOCIATION BOX 43191 LUBBOCK,TX79409	NONE	PAID	SUPPORT FOR OPERATIONS, ART ON THE L	93,000
YWCA OF LUBBOCK 3101 35TH ST LUBBOCK,TX79413	NONE	PAID	CAPITAL BLDG PROJECT 2ND OF 2 YEARS	250,000
LUBBOCK AREA FOUNDATION 2509 80TH STREET LUBBOCK,TX79423	NONE	PAID	SUPPORT FOR BUILDING CONSTRUCTION	250,000
LUBBOCK ENTERTAINPERFORMING ARTS A 1500 BROADWAY SUITE 1254 LUBBOCK,TX79401	NONE	PAID	SUPPORT FOR THE BUDDY HOLLY HALL OF	500,000
Total ................................. 3a				9,782,935

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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 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...................

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

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	9,007,278	185,250,770	0.048622
2012	6,582,288	170,120,587	0.038692
2011	7,176,745	160,995,666	0.044577
2010	6,985,656	142,929,333	0.048875
2009	6,509,143	125,185,355	0.051996

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
DON GRAF	SECRETARY 5.00	81,615	0	0
P O BOX 94038 LUBBOCK,TX79493	SECRETARY 5.00	81,615	0	0
KAY SANFORD	EXECUTIVE DI 25.00	82,800	0	0
9307 QUINTON AVENUE LUBBOCK,TX79424	EXECUTIVE DI 25.00	82,800	0	0
KEVIN G MCMAHON	TREASURER 2.00	1,250	0	0
4011 88TH PLACE LUBBOCK,TX79423	TREASURER 2.00	1,250	0	0
KATHY GILBREATH	VICE PRESIDE 2.00	1,250	0	0
4603 5TH STREET LUBBOCK,TX79416	VICE PRESIDE 2.00	1,250	0	0
CAROL MCWHORTER	PRESIDENT 2.00	1,250	0	0
3019 21ST STREET LUBBOCK,TX79410	PRESIDENT 2.00	1,250	0	0
MARK GRIFFIN	TRUSTEE 2.00	750	0	0
PO BOX 10128 LUBBOCK,TX79408	TRUSTEE 2.00	750	0	0

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.		Amount
1	N/A
2


All other program-related investments. See instructions.
3

	(c) 2013	(d) 2014
1 Distributable amount for 2014 from Part XI, line 7		9,630,771
2 Undistributed income, if any, as of the end of 2014:
a Enter amount for 2013 only.......	3,637,873
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: $ 10,077,394
a Applied to 2013, but not more than line 2a		3,637,873
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions).........
d Applied to 2014 distributable amount.....		6,439,521
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2014.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ...........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2013. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2014. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........		3,191,250
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....

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

bApproved for future payment

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

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 ............			14	43,976
4 Dividends and interest from securities....			14	2,994,119
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.....			15	7,850,452
8 Gain or (loss) from sales of assets other than inventory .............			18	10,010,342	1,978,478
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: aMALLET RANCH - CROP SALES					60,520
bMALLET RANCH-GRASS LEASES					1,583
cMALLET RANCH-DAMAGES					921
dMALLET RANCH-SURFACE RENTAL					28,216
eMALLET RANCH-PATRONAGE DIV					4,592
fMALLET RANCH - CROP INS PRO					3,872
gMALLET RANCH - CALICHE SALE					46
hDEVITT-JONES FARM-DAMAGES I
iOTHER INCOME					2,413
jOIL LEASE BONUS					42,441
k12B-1 FEES					65,965
12 Subtotal. Add columns (b), (d), and (e)..				20,898,889	2,189,047

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.

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
DEPRECIATION		8,088	8,088	MACRS SL CLASS LIFE	7.0000
COMPUTER	2013-01-01	1,834	1,100	200DB	5.0000	294
GRANTMAKING SOFTWARE - FOUNDANT TECHNOLOGY	2014-08-13	12,500			3.0000	7,118
DESK - CHERYL - BAKER OFFICE PRODUCTS	2014-04-01	425		200DB	7.0000	243
COMPUTER - CHERYL	2014-04-21	3,530		200DB	5.0000	2,118
CHAIR - CHERYL	2014-04-21	140		200DB	7.0000	80
LOT 8 STONECREST OFFICE PARK	2014-09-15	131,688

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
PIMCO DIVERSIFIED INCOME FUND	2009-04	PURCHASE	2014-10	6,020,554	5,164,942	855,612
PIMCO TOTAL RETURN INST	2010-08	PURCHASE	2014-07	2,000,000	1,906,441	93,559
PIMCO TOTAL RETURN INST	2010-08	PURCHASE	2014-09	9,999,999	9,595,512	404,487
PIMCO TOTAL RETURN INST	2010-08	PURCHASE	2014-09	2,492,576	2,409,577	82,999
DIMENSIONAL US SMALL CAP	2007-01	PURCHASE	2014-07	3,500,000	2,429,707	1,070,293
DIMENSTIONAL EMERGING MARKET VALUE	2007-06	PURCHASE	2014-02	4,000,000	4,528,472	-528,472

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

Software ID:
Software Version:

Name of Stock	End of Year Book Value	End of Year Fair Market Value
US SMALL CAP VALUE PORTFOLIO	2,791,652	3,827,758
DFA INTL SMALL CAP VALUE PORTFOLIO	6,015,969	6,412,138
EMERGING MARKETS VALUE PORTFOLIO	7,701,689	6,694,695
EMERGING MARKET SMALL CAP PORTFOLIO	10,706,854	10,317,617
PRIVATE ADVISORS STABLE VALUE FUND	16,500,000	18,263,809
WASHINGTON MUTUAL INVESTORS FD	5,930,253	9,612,086
PIMCO REAL RETURN FUND	7,333,317	5,636,127
PIMCO DIVERSIFIED INCOME FUND
POINTER OFFSHORE, LTD	2,300,000	7,901,645
EUROPACIFIC GROWTH FUND	10,736,356	16,347,688
BLACKROCK EQUITY INDEX FUND	24,025,617	35,488,176
BLACKROCK MID CAP INDEX FUND	7,913,221	10,033,570
BLACKROCK RUSSELL 2000 INDEX FUND	6,558,794	7,721,058
PIMCO TOTAL RETURN FUND
FIDELITY REAL ESTATE HIGH INCOME FUN	4,226,467	5,171,655
VENTURE INVESTMENTS PRIVATE EQUITY	1,238,512	1,300,000
RIDGEWORTH/ SEIX FLOATING RATE	6,018,407	6,080,775
MICROZAP, INC.	500,000	500,000
LUBBOCK DOWNTOWN DEVELOPMENT	150,000
KAYNE ANDERSON MLP FUND LP	11,453,061	11,842,561
FEG PRIVATE OPPORTUNITIES	30,059	50,000
CHARLES SCHWAB	10,800,100	10,741,482

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
MALLET RANCH - LAND & IMPROVEMENTS	355,486	142,789	212,697	355,486
DEVITT JONES FARM - LAND & IMPROVEME	29,866	3,187	26,679	29,866
MINERAL INTERESTS	11,690,293	11,690,293		16,669,202

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
OFFICE EQUIPMENT	13,746	11,652	2,094	10,000
COMPUTER SOFTWARE	12,500	7,118	5,382	10,000
LOT 8 STONECREST OFFICE PARK LAND	131,688		131,688	131,688

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INVESTMENT IN MALLET RANCH	288,292	273,622	273,622
INVESTMENT IN DEVITT-JONES FARM	15,380	14,183	14,183

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
EXPENSES
ADVERTISING	1,120	112	1,008
CONTRACT LABOR	1,161	116	1,045
DUES AND SUBSCRIPTIONS	309	31	278
INSURANCE	5,795	580	5,215
OFFICE SUPPLIES/EXPENSE	8,387	839	7,548
MALLET RANCH-RANCH SURVELLANC
MALLET RANCH-PAYROLL	10,109	10,109
MALLET RANCH - PAYROLL TAXES	787	787
MALLET RANCH - PROFESSIONAL F	14,109	14,109
MALLET RANCH-CHEMICALS	3,940	3,940
MALLET RANCH - SOIL & WATER C	210	210
MALLET RANCH - SUPPLIES	32	32
MALLET RANCH-REPAIRS AND MAIN	74	74
MALLET RANCH-TELEPHONE	38	38
MALLET RANCH - UTILITIES	1,363	1,363
MALLET RANCH-AUTO EXPENSE	435	435
MALLET RANCH-INSURANCE	1,608	1,608
MALLET RANCH-MEALS	29	29
MALLET RANCH-DEPRECIATION	2,058	2,058
MALLET RANCH-MISCELLANEOUS	152	152
DEVITT JONES FARM-FARM EXPS	1,213	1,213
UTILITIES	1,870	187	1,683
PORTFOLIO EXPENSES - K-1S	119,010	119,010
OTHER LOSS - SCHEDULE K-1S	224,732	224,732
ROYALTY EXPENSES	21,035	21,035

Description	Revenue And Expenses Per Books	Net Investment Income
ROYALTIES	7,850,452	7,850,452
MALLET RANCH - CROP SALES	60,520	60,520
MALLET RANCH-GRASS LEASES	1,583	1,583
MALLET RANCH-DAMAGES	921	921
MALLET RANCH-SURFACE RENTALS	28,216	28,216
MALLET RANCH-PATRONAGE DIV	4,592	4,592
MALLET RANCH - CROP INS PRO	3,872	3,872
MALLET RANCH - CALICHE SALES	46	46
OTHER INCOME	2,413	2,413
OIL LEASE BONUS	42,441	42,441
12B-1 FEES	65,965	65,965

Category	Amount	Net Investment Income
OIL & GAS CONSULTING	6,714	6,714
INVESTMENT FEES	18,595	18,595
ADVISORY FEES	53,312	53,312
ARCHITECTURE FEES	1,922	1,922

Category	Amount	Net Investment Income
EXCISE TAXES	189,000
OIL & GAS SEVERANCE TAXES	375,114	375,114
PROPERTY TAXES	686,535	686,535
FOREIGN TAXES PAID	31,009	31,009
PROPERTY TAXES - OFFICE	1,751	1,751