Form990-PF
Click to see attachment

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
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
CHRISTY-HOUSTON FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)1296 DOW STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MURFREESBORO, TN37130
A Employer identification number

62-1280998
B Telephone number (see instructions)

(615) 898-1140
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$85,358,316J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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) 425
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 234,451 234,451 234,451
4 Dividends and interest from securities... 1,033,655 1,033,655 1,033,655
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,703,156
b Gross sales price for all assets on line 6a 4,703,156
7 Capital gain net income (from Part IV, line 2)... 4,703,156
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -498,171    
12 Total. Add lines 1 through 11........ 5,473,516 5,971,262 1,268,106
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 153,124 137,812 137,812 15,312
14 Other employee salaries and wages...... 155,461 15,546 15,546 139,915
15 Pension plans, employee benefits....... 70,170 54,000 54,000 16,170
16a Legal fees (attach schedule)......... Click to see attachment 2,756 2,756 2,756  
b Accounting fees (attach schedule)....... Click to see attachment 22,550 11,275 11,275 11,275
c Other professional fees (attach schedule).... Click to see attachment 216,280 216,280 216,280  
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,272 55,272 55,272  
19 Depreciation (attach schedule) and depletion... Click to see attachment 11,498 11,498 11,498
20 Occupancy.............. 13,687     13,687
21 Travel, conferences, and meetings....... 26,424     26,424
22 Printing and publications.......... 208     208
23 Other expenses (attach schedule)....... Click to see list of attachments 56,768 12,029 12,029 44,739
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 784,198 516,468 516,468 267,730
25 Contributions, gifts, grants paid....... 4,274,304 4,274,304
26 Total expenses and disbursements. Add lines 24 and 25 5,058,502 516,468 516,468 4,542,034
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 415,014
b Net investment income (if negative, enter -0-) 5,454,794
c Adjusted net income (if negative, enter -0-)... 751,638
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 41,654 49,823 49,823
2 Savings and temporary cash investments......... 1,186,421 2,722,051 2,722,051
3 Accounts receivable bullet1,023
Less: allowance for doubtful accounts bullet   1,078 1,023 1,023
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..........   95,452  
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 83,897,555 82,660,288 82,355,057
14 Land, buildings, and equipment: basis bullet544,796
Less: accumulated depreciation (attach schedule) bullet314,934 238,682 Click to see attachment229,862 229,862
15 Other assets (describe bullet) Click to see attachment500 Click to see attachment500 Click to see attachment500
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 85,365,890 85,758,999 85,358,316
Liabilities 17 Accounts payable and accrued expenses.......... 47,578 63,212
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment37,539  
23 Total liabilities (add lines 17 through 22)......... 85,117 63,212
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 85,280,773 85,695,787
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)..... 85,280,773 85,695,787
31 Total liabilities and net assets/fund balances (see instructions). 85,365,890 85,758,999
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
85,280,773
2
Enter amount from Part I, line 27a .....................
2
415,014
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
85,695,787
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
85,695,787
Form 990-PF (2015)
Form 990-PF (2015)
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 SEE SCHEDULE CAPITAL GAINS FROM PARTNERSHIP K-1'S P 2000-01-01 2015-12-31
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 4,703,156     4,703,156
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       4,703,156
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 4,703,156
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)
If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see 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))
2014 4,455,100 94,402,877 0.04719
2013 4,099,415 90,635,070 0.04523
2012 4,224,605 84,269,307 0.05013
2011 4,191,424 87,098,576 0.04812
2010 4,007,879 84,479,495 0.04744
2
Total of line 1, column (d) .....................
20.238119
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
0.047624
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
91,452,357
5
Multiply line 4 by line 3......................
5
4,355,327
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
54,548
7
Add lines 5 and 6........................
7
4,409,875
8
Enter qualifying distributions from Part XII, line 4.............
8
4,542,034
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 54,548
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 54,548
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 54,548
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 150,000
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.............. 7 150,000
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 95,452
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet95,452 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions
for definition)?.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
No
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
     
    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)
    bulletTN
    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 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?
    If "Yes," complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletROBERT B MIFFLIN EXEC DIR Telephone no.bullet (615) 898-1140

    Located atbullet1296 DOW STMURFREESBOROTN ZIP+4bullet37130
    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 2015, 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  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
    No
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2015 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 2015.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? (see instructions)................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    ROBERT B MIFFLIN President
    0.00     		6,560    
    1296 DOW STREET
    MURFREESBORO,TN37130
    HENRY KING BUTLER MD DIR. EMERITUS
    0.00     		6,656    
    511 COUNCIL BLUFF PARKWAY
    MURFREESBORO,TN37127
    HUBERT L MCCULLOUGH JR DIR. EMERITUS
    0.00     		9,276    
    2555 SALEM ROAD
    MURFREESBORO,TN37129
    ED ELAM Director
    1.00     		18,047    
    3302 ELAM ROAD
    MURFREESBORO,TN37130
    GRANVILLE S R BOULDIN DIR. EMERITUS
    0.00     		9,024    
    1911 WINDSOR COURT
    MURFREESBORO,TN37130
    MARK FOLLIS Director
    1.00     		3,800    
    630 S CHURCH ST
    MURFREESBORO,TN37130
    LARRY N HAYNES Director
    1.00     		10,600    
    1603 RIVERVIEW DRIVE
    MURFREESBORO,TN37129
    WILLIAM HENRY HUDDLESTON III DIR. EMERITUS
    0.00     		2,673    
    928 EAST MAIN STREET
    MURFREESBORO,TN37130
    MICHAEL JORDAN Director
    1.00     		3,200    
    1702 SHAGBARK TRAIL
    MURFREESBORO,TN37130
    EDWARD E MILLER JR DIR. EMERITUS
    0.00     		9,410    
    1618 HAYNES DRIVE
    MURFREESBORO,TN37129
    MATT B MURFREE III Director
    0.00     		1,955    
    16 PUBLIC SQUARE NORTH
    MURFREESBORO,TN37130
    MYERS B PARSONS DIR. EMERITUS
    0.00     		9,939    
    926 EAST MAIN STREET
    MURFREESBORO,TN37130
    KENT COLEMAN Secretary-Treas
    1.00     		3,400    
    933 EAST MAIN ST
    MURFREESBORO,TN37130
    JAMES R ARNHART DIR. EMERITUS
    0.00     		59,189    
    2516 SOUTH JEFFERSON
    ROANOKE,VA24014
    ED C LOUGHRY JR Director
    1.00     		10,371    
    2645 CHESTERFIELD CT
    MURFREESBORO,TN37129
    DAVID C DAVIS DIR. EMERITUS
    0.00     		6,254    
    1523 VERANDA CIRCLE
    MURFREESBORO,TN37130
    MICHAEL JORDAN Director
    1.00     		3,200    
    1702 SHAGBARK TRAIL
    MURFREESBORO,TN37130
    NEWTON F MOLLOY Chairman
    1.00     		8,820    
    2226 NORTHWOODS DRIVE
    MURFREESBORO,TN37130
    GEORGE W WHITE Vice Chairman
    1.00     		9,156    
    506 EAST MAIN STREET
    MURFREESBORO,TN37130
    THOMAS E HORD III DIR. EMERITUS
    0.00     		6,254    
    124 NORTH HIGHLAND AVE
    MURFREESBORO,TN37130
    WILLIAM S JONES DIRECTOR
    1.00     		3,300    
    2806 WINDSONG PLACE
    MURFREESBORO,TN37129
    HERBERT D YOUNG JR DIR. EMERITUS
    0.00     		3,469    
    2450 SOUTHGATE BLVD
    MURFREESBORO,TN37129
    PAMELA KIOUS Director
    1.00     		1,400    
    1115 GLASCOW DRIVE
    MURFREESBORO,TN37130
    ROBERT M USSERY Director
    1.00     		100    
    2508 BELFAST COURT
    MURFREESBOR,TN37129
    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
    ROBERT B MIFFLIN PRESIDENT
    24.00     		101,076    
    2117 GOLD VALLEY DRIVE
    MURFREESBORO,TN37130
    DEBORAH L TILLER ADMIN MANAGER
    36.00     		54,385 3,523  
    312 ROSEMARY ST
    SMYRNA,TN37167
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    ALSTON & BIRD ATTORNEYS ATTORNEYS 2,756
    1201 WEST PEACHTREE ST
    ATLANTA,GA30309
    PINNACLE NATIONAL BANK SECURITIES CUSTODIAN 1,530
    BOX 188
    MURFREESBORO,TN371330188
    HALL DAVIDSON & ASSOCIATES CPAS PC ACCOUNTANTS 22,550
    BOX 1234
    MURFREESBORO,TN371331234
    MANGHAM ASSOCIATES INC INVESTMENT ADVISOR 214,750
    630 PETER JEFFERSON PKWY SUITE 250
    CHARLOTTESVILLE,VA22911
    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 NOT APPLICABLE - THE FOUNDATION ONLY MAKES GRANTS TO OTHERQUALIFYING CHARITABLE ORGANIZATIONS OR GOVERNMENTAL UNITSFOR USE IN OR FOR THE BENEFIT OF CITIZENS OF RUTHERFORD COUNTY, TENNESSEE. 0
    2  
    3  
    4  
    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  
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    92,555,037
    b
    Average of monthly cash balances.......................
    1b
    59,633
    c
    Fair market value of all other assets (see instructions)................
    1c
    230,362
    d
    Total (add lines 1a, b, and c).........................
    1d
    92,845,032
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    92,845,032
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,392,675
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    91,452,357
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,572,618
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,572,618
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    54,548
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    54,548
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,518,070
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    4,518,070
    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
    4,518,070
    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
    4,542,034
    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
    4,542,034
    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
    54,548
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,487,486
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 4,518,070
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 4,274,304
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012......  
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,542,034
    a Applied to 2014, but not more than line 2a 4,274,304
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 267,730
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2015.    
    (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 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		4,250,340
    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 2010 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015....  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CHRISTY-HOUSTON FOUNDATION
    1296 DOW ST
    MURFREESBORO,TN37130
    (615) 898-1140
    christyhouston@bellsouth.net
    bThe form in which applications should be submitted and information and materials they should include:
    SEE ATTACHED FORMS
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MUST BENEFIT CITIZENS OF RUTHERFORD OR NEIGHBORING COUNTIES
    Form 990-PF (2015)
    Form 990-PF (2015)
    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
    COMMUNITY HELPERS
    1020 N HIGHLAND AVE
    MURFREESBORO TN,TN37130     		N/A 501C3 DISASTER RELIEF FUND 68,000
    CHARITY CIRCLE
    BOX 11128
    MURFREESBORO,TN37129     		N/A 501C3 MATCHING GRANT FOR LOCAL CHARITIES 197,341
    EXCHANGE CLUB
    115 HERITAGE PARK DRIVE
    MURFREESBORO,TN37129     		N/A 501C3 IMPROVEMENTS TO FAMILY CENTER 15,000
    A SOLDIERS CHILD
    BOX 33015
    MURFREESBORO,TN37129     		N/A 501C3 GIFTS TO FALLEN SOLDIERS CHILDREN 12,000
    ST THOMAS RUTHERFORD HOSPITAL
    1700 MEDICAL CENTER PARKWAY
    MURFREESBORO,TN37129     		N/A 501C3 NEW HOSPITAL BUILDING 700,000
    ST THOMAS RUTHERFORD HOSPITAL
    1700 MEDICAL CENTER PARKWAY
    MURFREESBORO,TN37129     		N/A 501C3 CAR SEATS FOR NEEDY CHILDREN 5,000
    SPECIAL KIDS
    202 ARNETTE ST
    MURFREESBORO,TN37130     		N/A 501C3 SCHOLARSHIPS FOR CHILDDREN NEEDING THERAPY 48,000
    MIDDLE TENNESSEE STATE UNIVERSITY
    1301 E MAIN ST
    MURFREESBORO,TN37132     		N/A   NEW SCIENCE BUILDING 750,000
    JOURNEY HOME
    308 WEST CASTLE ST
    MURFREESBORO,TN37130     		NONE 501C3 FOOD FOR HOMELESS 10,000
    INTERFAITH DENTAL
    210 ROBERT ROSE DRIVE
    MURFREESBORO,TN37129     		NONE   DENTAL EQUIPMENT & FURNITURE 261,000
    GOOD SHEPHERD CHILDRENS HOME
    203 WOODCRAFT DRIVE
    MURFREESBORO,TN37127     		NONE 501C3 SERVICES FOR CHILDREN & IMPROVEMENTS TO HOME 45,053
    MONROE CARELL JR CHIILDRENS HOSPITA
    2525 WEST END AVE - SUITE 450
    NASHVILLE,TN37203     		NONE 501C3 NEW WING ON HOSPITAL 681,667
    BUDDY-UP TENNIS
    2021 PRESTWICK DR
    MURFREESBORO,TN37130     		    TENNIS SCHOLARSHIPS FOR DOWNS SYNDROME ATHLETES 4,500
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		    POST-GRADUATE PHARMACY RESIDENCIES 123,740
    MID-CUMBERLAND RUTHERFORD CO ELDER
    1101 KERMIT DRIVE
    NASHVILLE,TN37217     		    ASSISTANCE FOR ELDERLY 20,000
    CITY OF MURFREESBORO
    111 W VINE ST
    MURFREESBORO,TN37130     		    INDOOR TENNIS COURT 125,000
    CHILD ADVOCACY CENTER
    1040 SAMSONITE BLVD
    MURFREESBORO,TN37130     		    FORENSIC INTERVIEW EQUIPMENT & OPERATIONS 6,873
    AMERICAN RED CROSS
    501 MEMORIAL BLVD
    MURFREESBORO,TN37129     		    DISASTER RELIEF 70,000
    COMMUNITY CARE OF RUTHERFORD CO
    901OUNTY FARM ROAD
    MURFREESBORO,TN37127     		    OPERATIONS 10,000
    SALVATION ARMY
    1137 WEST MAIN ST
    MURFREESBORO,TN37130     		    REPAIR FLOOK DAMAGE & OPERATIONS 44,000
    JOURNEYS IN COMMUNITY LIVING
    1130 HALEY ROAD
    MURFREESBORO,TN37129     		    2 WHEELCHAIR LIFT VANS & TRAINING EQUIPMENT 88,130
    TOWN OF SMYRNA
    100 SAM RIDLEY PARKWAY
    SMYRNA,TN37167     		    OUTDOOR ADVENTURE PARK 300,000
    ARCHIE'S PROMISE
    4321 WOODBURY PIKE
    MURFREESBORO,TN37130     		    GOWNS FOR LOW INCOME GIRLS 5,000
    BRANCHES
    1102 DOW ST
    MURFREESBORO,TN37130     		    NEW FACILITY 95,000
    BOYS GIRLS CLUB OF RUTHERFORD COUNT
    820 JONES BLVD
    MURFREESBORO,TN37130     		    5 NEW BUSES 550,000
    LANTERN LANE
    6201 CORINTH RD
    MT JULIET,TN37122     		    COUNSELING FOR LOW INCOME CHILDREN 8,000
    SECOND HARVEST FOOD BANK
    331 GREAT CIRCLE RD
    NASHVILLE,TN37228     		    FOOD DISTRIBUTION FOR NEEDY 6,000
    ACE LEARNING CENTER
    1301 E MAIN ST - C/0 MTSU
    MURFREESBORO,TN37132     		    PLAYGROUND FOR SPECIAL NEEDS CHILDREN 13,000
    180 DEGREES
    1418 KENSINGTON SQUARE CT
    MURFREESBORO,TN37130     		    COUNSELING SCHOLARSHIPS 8,000
    READ TO SUCCEED
    200 E MAIN ST
    MURFREESBORO,TN37130     		    LITERACY PROGRAM 4,000
    Total .................................bullet 3a 4,274,304
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 ...........     		        234,451
    4 Dividends and interest from securities....         1,033,655
    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.....         498,300
    8
    Gain or (loss) from sales of assets other than inventory ............     		        4,703,156
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    a`     		523000        
    bBROKER REBATES & MISC          
    cSECURITIES LITIGATION REC         121
    dMISCELLANEOUS INCOME         8
    eFOREIGN DIVIDEND TAX REFU          
    fCORR PRIOR YEAR IRS INTER          
    12 Subtotal. Add columns (b), (d), and (e)..     5,473,091
    13Total. Add line 12, columns (b), (d), and (e)..................
    135,473,091
    (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.)
    4 & 8 INVESTMENT INCOME & CAPITAL GAINS ARE USED TO FUND GRANTS TO OTHER PUBLIC CHARITIES OR GOVERNMENTAL UNITS FOR HEALTH, EDUCATIONAL, SCIENTIFIC, MEDICAL, AND OTHER CHARITABLE PURPOSES THAT WILL BENEFIT THE CITIZENS OF RUTHERFORD COUNTY, TENNESSEE. NO CONTRIBUTIONS ARE SOLICITED AND NO OTHER ACTIVITIES ARE ENGAGED IN. THE FOUNDATION'S ONLY SOURCE OF INCOME IS FROM ITS INVESTMENT PORTFOLIO.
    Form 990-PF (2015)
    Form 990-PF (2015)
    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 organizations?
    Yes
    No
    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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID: 15000324
    Software Version: 2015v2.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HALL DAVIDSON & ASSOC CPA'S 22,550 11,275 11,275 11,275

    TY 2015 GeneralExplanationAttachment
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Identifier Return Reference Explanation
      General Explanation Supplemental Information for Form 990-PF METHODS OF ACCOUNTING AND REPORTING-----------------------------------THE FOUNDATION'S BOOKS ARE KEPT ON THE FULL ACCRUAL METHOD, WITH MONTHLY ENTRIES BEING MADE TO RECORD UNRECOGNIZED GAINS AND LOSSES BASED ON THE MARKET VALUE OF THE SECURITIES INTO THE INCOME ACCOUNTS. FEDERAL EXCISE TAX ON THE NET INVESTMENT INCOME IS ACCRUED AT YEAR END, BASED ON COMPUTATION ON THE FORM 990-PF. THE FOUNDATION'S ATTACHED FINANCIAL REPORT REFLECTS THIS METHOD OF REPORTING.THE FORM 990-PF IS PREPARED ON A MODIFIED CASH BASIS FOR TAX PURPOSES, CARRYING THE SECURITIES AT COST BASIS AND NOT RECOGNIZING CHANGES IN MARKET VALUE. GAINS AND LOSSES ARE REPORTED ONLY UPON SELLING INDIVIDUAL SECURITIES. THE FOLLOWING ADJUSTMENTS ARE NECESSARY TO RECONCILE THE FOUNDATION'S ATTACHED FINANCIAL STATEMENTS WITH THE AMOUNTS REPORTED ON THE FROM 990-PF: NET LOSS FOR FYE 12-31-2015 PER FINANCIAL REPORT $7,342,995- LESS DECREASE IN DEFERRED INCOME TAXES 152,098- BASED ON 2% TAX ON UNREALIZED GAINS ADD UNREALIZED LOSS IN MARKET VALUE 7,910,107 OF SECURITIES HELD _________ NET INCOME PER FORM 990-PF, PART 1, LINE 27-A $ 415,014 NET ASSETS PER 990 RECON 12-31-14 $85,280,773 ___________ NET ASSETS PER 990 RECON 12-31-15 $85,695,787 ___________ NET ASSETS-UNRESTRICTED 12-31-2015 PER FINANCIAL REPORT $85,390,556 ADD BACK DEFERRED TAX LIABILITY ON FINANCIAL REPORT 0 ADD ADJUSTMENT TO MARKET VALUE FOR UNREALIZED LOSS ON SECURITIES HELD AT 12-31-15 305,231 ____________ NET ASSETS-UNRESTRICTED PER FORM 990-PF BAL SHEET $85,695,787 (USING ONLY COST BASIS FOR SECURITIES) _____________
      General Explanation Supplemental Information for Form 990-PF UNRELATED 2015 BUSINESS INCOME PER FORMS 1065 K-1 ATTACHED: GMO FORESTRY FUND 6-B 48-1294791 $ 0 GMO FORESTRY FUND 7-B 27-0076353 3 GMO FORESTRY FUND 8-B 20-1941648 3,171- COLCHESTER INTERNATIONAL BOND FUND 36-7324183 0 PRIVATE ADVISOR DISTRESSED OPPORTUNITIES 47-0892566 0 PRIVATE ADVISOR SMALL COMPANY BUY-OUT 54-2134140 0 TIFF SECONDARY PARTNERS I 56-2384583 0 TIFF SECONDARY PARTNERS II 26-3685280 0 COMMON FUND DISTRESSED DEBT 32-0066256 0 MIT PRIVATE EQUITY II 20-0480232 1,390- MIT PRIVATE EQUITY III 10-4640729 0 MIT PRIVATE EQUITY IV 26-1349728 1,586- MA RESOURCES FUND 1, LP 26-1528591 6,819- MA ENDOWMENT PARTNERS 27-2429285 0 METRO REAL ESTATE PARTNER DISTRESSED 83-0511015 0 MA REALASSETS FUND 2 LP 27-4481994 95,575- ________ NET UBI INCOME FOR 2015 $108,541- ________ NET UBI (LOSS) CARRIED OVER FROM 2014 RETURN $435,881- ________ TOTAL UBI (LOSS) CARRIED FORWARD TO 2011 $544,422- ________

    TY 2015 LandEtcSchedule2
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 162,474 144,704 17,770 17,770
    Buildings 260,784 149,071 111,713 111,713
    Improvements 21,159 21,159    
    Land 100,379   100,379 100,379


    TY 2015 LegalFeesSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALSTON & BYRD 2,756 2,756 2,756 0


    TY 2015 OtherAssetsSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    UTILITY DEPOSITS 500 500 500


    TY 2015 OtherExpensesSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TELEPHONE 4,411     4,411
    INSURANCE 16,832     16,832
    AUTOMOBILE EXPENSE 534     534
    BANK SERVICE CHARGES 430     430
    CATERING FOR BOARD MEETINGS 4,618     4,618
    DUES 9,950     9,950
    OFFICE SUPPLIES & EXPENSE 2,915     2,915
    POSTAGE 1,153     1,153
    MISCELLANEOUS EXPENSE 3,004     3,004
    OTHER EXPENSE 12,029 12,029 12,029  
    PUBLICATIONS & BOOKS 892     892


    TY 2015 OtherIncomeSchedule2
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Other Investment Income -498,300    
    SECURITIES LITIGATION REC 121    
    MISCELLANEOUS INCOME 8    


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT ADVISOR-MANGHAM ASSOCIATES 214,750 214,750 214,750 0
    CUSTODIAN-PINNACLE NATIONAL BANK 1,530 1,530 1,530 0


    TY 2015 TaxesSchedule
    Name:
    CHRISTY-HOUSTON FOUNDATION INC
    EIN:
    62-1280998
    Software ID:
    15000324
    Software Version:
    2015v2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX CURRENT YEAR 54,548 54,548 54,548  
    FEDERAL EXCISE TAX PREVIOUS YEAR 724 724 724