Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
CH FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)6102 82ND STREET SUITE 8A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LUBBOCK, TX79424
A Employer identification number

75-1534816
B Telephone number (see instructions)

(806) 239-7963
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$176,351,684J 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)  
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 54,162 54,162  
4 Dividends and interest from securities... 3,323,081 3,323,081  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,092,322
b Gross sales price for all assets on line 6a 7,563,504
7 Capital gain net income (from Part IV, line 2)... 2,227,910
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 4,544,901 4,544,901  
12 Total. Add lines 1 through 11........ 11,014,466 10,150,054  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 89,800 8,980   80,820
14 Other employee salaries and wages...... 93,900 9,390   84,510
15 Pension plans, employee benefits....... 13,747 1,375   12,372
16a Legal fees (attach schedule)......... Click to see attachment 770 77   693
b Accounting fees (attach schedule)....... Click to see attachment 27,162 2,716   24,446
c Other professional fees (attach schedule).... Click to see attachment 83,393 8,340   75,053
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 1,064,865 1,064,865    
19 Depreciation (attach schedule) and depletion... Click to see attachment 683,079 648,991  
20 Occupancy.............. 9,557 956   8,601
21 Travel, conferences, and meetings....... 14,774 1,477   13,297
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,047,899 104,789   943,110
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,128,946 1,851,956   1,242,902
25 Contributions, gifts, grants paid....... 9,447,272 9,447,272
26 Total expenses and disbursements. Add lines 24 and 25 12,576,218 1,851,956   10,690,174
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,561,752
b Net investment income (if negative, enter -0-) 8,298,098
c Adjusted net income (if negative, enter -0-)...  
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............. 5,129,214 9,468,283 9,468,283
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 142,930,328 Click to see attachment137,069,344 153,643,142
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet12,724,636
Less: accumulated depreciation (attach schedule) bullet12,487,480 239,376 Click to see attachment237,156 12,156,464
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet817,187
Less: accumulated depreciation (attach schedule) bullet52,858 139,164 Click to see attachment764,329 809,781
15 Other assets (describe bullet) Click to see attachment287,805 Click to see attachment274,014 Click to see attachment274,014
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 148,725,887 147,813,126 176,351,684
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds 148,725,887 147,813,126
30 Total net assets or fund balances (see instructions)..... 148,725,887 147,813,126
31 Total liabilities and net assets/fund balances (see instructions). 148,725,887 147,813,126
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
148,725,887
2
Enter amount from Part I, line 27a .....................
2
-1,561,752
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
648,991
4
Add lines 1, 2, and 3 ..........................
4
147,813,126
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
147,813,126
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.)
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 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,227,910
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 9,895,639 196,250,520 0.050424
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
2
Total of line 1, column (d) .....................
20.231190
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
0.046238
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
186,708,663
5
Multiply line 4 by line 3......................
5
8,633,035
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
82,981
7
Add lines 5 and 6........................
7
8,716,016
8
Enter qualifying distributions from Part XII, line 4.............
8
10,690,174
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 82,981
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 82,981
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 82,981
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 182,000
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.............. 7 182,000
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 99,019
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet99,019 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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTX
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletWWW.CHFOUNDATIONLUBBOCK.COM
    14
    The books are in care ofbulletKAY SANFORD Telephone no.bullet (806) 792-0448

    Located atbullet6102 82ND STREET SUITE 8ALUBBOCKTX ZIP+4bullet79424
    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
     
     
    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
     
     
    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
     
     
    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
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (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
    KAY SANFORD SEC/EX DIREC
    30.00     		85,800 0 0
    9307 QUINTON AVENUE
    LUBBOCK,TX79424
    KEVIN G MCMAHON TREASURER
    1.00     		1,000 0 0
    4011 88TH PLACE
    LUBBOCK,TX79423
    KATHY GILBREATH VICE PRESIDE
    1.00     		1,000 0 0
    4603 5TH STREET
    LUBBOCK,TX79416
    CAROL MCWHORTER PRESIDENT
    1.00     		1,000 0 0
    3019 21ST STREET
    LUBBOCK,TX79410
    MARK GRIFFIN TRUSTEE
    1.00     		1,000 0 0
    PO BOX 10128
    LUBBOCK,TX79408
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    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 N/A  
    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
    171,577,331
    b
    Average of monthly cash balances.......................
    1b
    6,203,499
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,771,112
    d
    Total (add lines 1a, b, and c).........................
    1d
    189,551,942
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    189,551,942
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,843,279
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    186,708,663
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,335,433
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    9,335,433
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    82,981
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    82,981
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,252,452
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    9,252,452
    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
    9,252,452
    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
    10,690,174
    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
    10,690,174
    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
    82,981
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    10,607,193
    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 9,252,452
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 3,191,250
    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$ 10,690,174
    a Applied to 2014, but not more than line 2a 3,191,250
    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 2015 distributable amount..... 7,498,924
    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 ..........     		1,753,528
    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).)
    NA
    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.
    NA
    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:
    KAY SANFORD
    6102 82ND STREET SUITE 8A
    LUBBOCK,TX79424
    (806) 792-0448
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT REQUESTS SHOULD BE IN WRITING AND INCLUDE (1) A BRIEF BACKGROUND OF THE ORGANIZATION; (2) A DESCRIPTION OF THE PROPOSED PROJECT AND A CONCISE STATEMENT OF ITS OBJECTIVES AND GOALS; (3) AN EXPLANATION OF THE PROPOSED USE OF FUNDS; (4) A DETAILED BUDGET, OTHER SOURCES OF DOCUMENTS FROM INTERNAL REVENUE SERVICE SHOWING TAX EXEMPT STATUS; (5) A STATEMENT OF APPROVAL OF THE REQUEST SIGNED BY THE CHIEF ADMINISTRATOR AND THE CHAIRMAN OF THE BOARD AND THE NAME OF THE PRIMARY CONTACT PERSON FOR FOLLOW UP; (6) MOST RECENT FINANCIAL REPORT; AND (7) PLAN FOR SUSTAINING THE PROJECT AFTER GRANT FUNDS EXPIRE.
    cAny submission deadlines:
    MAY 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY RESTRICTED TO ORGANIZATIONS WHOSE SERVICES BENEFIT THE SOUTH PLAINS AREA OF TEXAS.
    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
    COVENANT HEALTH SYSTEM FOUNDATION
    3623 22ND PLACE
    LUBBOCK,TX79410     		NONE PAID CHALLENGE GRANT FOR MASTER FACILITY 1,000,000
    VOLUNTEER CENTER OF LUBBOCK
    1706 23RD STREET SUITE 2
    LUBBOCK,TX79411     		NONE PAID YOUTH CONNECTION PROGRAM-LUBBOCK ARE 157,225
    TEXAS INTERSCHOLASTIC LEAGUE FOUNDA
    PO BOX 8028
    AUSTIN,TX78713     		NONE PAID 2015 SCHOLARSHIPS 74,250
    AMERICAN CANCER SOCIETY
    3513 10TH STREET
    LUBBOCK,TX79415     		NONE PAID HOPE LODGE CAPITAL IMPROVEMENTS 24,900
    ACROSS THE STREET MINISTRIES
    2002 60TH ST
    LUBBOCK,TX79412     		NONE PAID SUPPORT FOR SUMMER CHILDREN'S PROGRA 6,732
    ALL SAINTS EPISCOPAL SCHOOL
    3222 103RD STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR SCHOLARSHIPS, ADMIN COMP 200,000
    BALLET LUBBOCK
    5702 GENOA AVE
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR OPERATIONS, BLDG CONST 351,038
    BAYER MUSEUM OF AGRICULTURE
    1121 CANYON LAKE DRIVE
    LUBBOCK,TX79403     		NONE PAID SUPPORT OF INTERACTIVE EXHIBIT 44,822
    BCFS HEALTH AND HUMAN SERVICES
    125 CHICAGO AVE
    LUBBOCK,TX79416     		NONE PAID SUPPORT FOR EDUCATIONAL SPECIALIST 24,691
    BIG BROTHERS BIG SISTERS
    3614 KNOXVILLE AVE
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR PROGRAMMING 30,000
    BOY SCOUTS - SOUTH PLAINS COUNCIL
    30 BRIERCROFT OFFICE PARK
    LUBBOCK,TX79412     		NONE PAID REBUILDING MALLET BLDG AT CAMP POST 36,104
    BOYS AND GIRLS CLUB OF BROWNFIELD
    301 E BROADWAY ST
    BROWNFIELD,TX79316     		NONE PAID ROOF REPLACEMENT 21,000
    BROWNFIELD SENIOR CITIZENS' CENTER
    PO BOX 1021
    BROWNFIELD,TX79316     		NONE PAID FOOD SUPPLIES FOR SENIOR CITIZEN CEN 15,000
    BUCKNER CHILDREN'S SERVICES
    129 BRENTWOOD AVE
    LUBBOCK,TX79416     		NONE PAID SUPPORT FOR CAMP FOR FOSTER CHILDREN 16,250
    CAPROCK AMBUCS
    P O BOX 93871
    LUBBOCK,TX79493     		NONE PAID AMTRYKE THERAPEUTIC TRICYCLES MATCHI 10,000
    CHARLES ADAMS STUDIO PROJECT
    602 AVENUE J
    LUBBOCK,TX79401     		NONE PAID CONSTRUCTION OF ART STUDIO, PROGRAMS 333,938
    COMMUNITIES IN SCHOOLS
    1655 MAIN STREET STE 201
    LUBBOCK,TX79401     		NONE PAID PROGRAM SUPPORT 64,980
    COMMUNITY FOUNDATION OF WEST TEXAS
    6102 82ND STREET 8B
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR FUNDING LIBRARY 30,714
    COMMUNITY HEALTH CENTER OF LUBBOCK
    1313 BROADWAY STE 5
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR RAINBOW ROOM 50,000
    COMMUNITY PARTNERS OF LUBBOCK
    1103 MLK JR BLVD
    LUBBOCK,TX79403     		NONE PAID SUPPORT OF THE RAINBOW ROOM 9,000
    CASA OF THE SOUTH PLAINS
    24 BRIERCROFT OFFICE PARK
    LUBBOCK,TX79412     		NONE PAID SUPPORT FOR ADVOCACY COORDINATOR 40,000
    EARLY LEARNING CENTERS
    1639 MAIN STREET
    LUBBOCK,TX79401     		NONE PAID CHILD CARE FOR WORKING PARENTS 145,000
    EASY R EQUINE
    3531 152ND STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT OF YOUTH PROGRAMS, HORSE RES 7,500
    EPILEPSY FOUNDATION OF TEXAS
    2401 FOUTAIN VIEW DR 900
    HOUSTON,TX77057     		NONE PAID SUPPORT FOR SUMMER CAMP 10,000
    FAMILY GUIDANCE & OUTREACH OF LUBBO
    5 BRIERCROFT OFFICE PARK
    LUBBOCK,TX79412     		NONE PAID SUPPORT FOR PARENTING CLASSES 28,891
    FIRST ROBOTICS COMPETITION
    200 BEDFORD ST
    MANCHESTER,NH03101     		NONE PAID PROGRAM EXPENSES 10,000
    FLATLANDS DANCE THEATRE
    P O BOX 93001
    LUBBOCK,TX79493     		NONE PAID PROGRAM EXPENSES 3,450
    FRIENDS OF THE LUBBOCK PUBLIC LIBRA
    1306 9TH STREET
    LUBBOCK,TX79401     		NONE PAID E-BOOKS AND AUDIO E-BOOKS SUPPORT 19,885
    GENERATION COVENANT
    PO BOX 2507
    LUBBOCK,TX79408     		NONE PAID PROGRAM SUPPORT 14,500
    GIRL SCOUTS-TX OK PLAINS INC
    2567 74TH STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR PROGRAMMING 25,000
    GUADALUPEPARKWAY CENTERS
    405 N MLK JR BLVD
    LUBBOCK,TX79403     		NONE PAID PROGRAM SUPPORT 148,802
    HIGH POINT VILLAGE
    P O BOX 65674
    LUBBOCK,TX79464     		NONE PAID OPERATIONAL SUPPORT 99,335
    HOPE COMMUNITY OF SHALOM
    2005 AVENUE T
    LUBBOCK,TX79411     		NONE PAID HVAC UNITS 35,000
    HOSPICE OF LUBBOCK
    3702 21ST STREET
    LUBBOCK,TX79410     		NONE PAID FUNDING OF RENOVATION PROJECT 75,000
    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 SUPPORT OF FACILITIES RENOVATIONS 19,100
    LEGAL AID SOCIETY OF LUBBOCK INC
    916 MAIN STREET 103
    LUBBOCK,TX79401     		NONE PAID PROGRAM SUPPORT 10,000
    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 UNITED WAY
    1655 MAIN ST SUITE 101
    LUBBOCK,TX79401     		NONE PAID ANNUAL CAMPAIGN SUPPORT, OPERATING E 113,300
    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 CAPITAL IMPROVEMENTS PROJECT 150,000
    LUBBOCK CHILDREN'S HEALTH CLINIC
    P O BOX 12103
    LUBBOCK,TX79452     		NONE PAID SUPPORT OF SALARIES, TRAINING, VACCI 64,137
    LUBBOCK CHRISTIAN SCHOOL
    5601 19TH STREET
    LUBBOCK,TX79407     		NONE PAID BUILDING CONSTRUCTION 20,000
    LUBBOCK CHRISTIAN UNIVERSITY
    5601 19TH STREET
    LUBBOCK,TX79407     		NONE PAID SUPPORT OF SCIENCE CENTER 416,393
    LUBBOCK COMMUNITY THEATRE
    4232 BOSTON AVE
    LUBBOCK,TX79413     		NONE PAID PROGRAM SUPPORT 36,500
    LUBBOCK ENTERTAINPERFORMING ARTS A
    1500 BROADWAY SUITE 1254
    LUBBOCK,TX79401     		NONE PAID BUDDY HOLLY HALL OF PERFORMING ARTS 2,170,250
    LUBBOCK HABITAT FOR HUMANITY
    PO BOX 209
    LUBBOCK,TX79408     		NONE PAID SUPPORT OF HOME BUILDING 40,000
    LUBBOCK INDEPENDENT SCHOOL DISTRICT
    1628 19TH STREET
    LUBBOCK,TX79401     		NONE PAID SCHOLARSHIPS 23,000
    LUBBOCK MOONLIGHT MUSICALS
    P O BOX 93522
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR SUMMER THEATRE, PROGRAM 120,000
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR GUEST ARTIST, CHAMBER EN 102,000
    LUBBOCK UNITED NEIGHBORHOOD ASSOC
    1706 23RD STREET STE 104
    LUBBOCK,TX79411     		NONE PAID TECHNOLOGY UPDATES 12,344
    LUTHERAN SOCIAL SERVICES
    2022 82ND STREET STE 102
    LUBBOCK,TX79423     		NONE PAID HEALTH CLINIC SUPPORT 15,000
    MAKE-A-WISH FOUNDATION
    4413 82ND STREET BOX 20
    LUBBOCK,TX79424     		NONE PAID WISHES FOR CHIDREN 8,100
    MARCH OF DIMES
    2801 26TH ST SUITE 300
    LUBBOCK,TX79410     		NONE PAID STORK'S NEST SUPPORT, RENT & UTILITI 8,489
    MORRIS SAFE HOUSE
    3420 NIGHTINGALE ROAD
    LUBBOCK,TX79407     		NONE PAID VACCINES FOR RESCUED DOGS 9,000
    MOTLEY COUNTY HISTORICAL MUSEUM
    828 DUNDEE STREET
    MATADOR,TX79244     		NONE PAID 2015 GRANT - MOVIE PREMIER SUPPORT 1,340
    NATIONAL COWBOY SYMPOSIUM
    P O BOX 6638
    LUBBOCK,TX79493     		NONE PAID SUPPORT OF ENTERTAQINMENT FOR 27TH A 10,000
    NORTH AMERICA HOMBRES NOBLES
    P O BOX 98401
    LUBBOCK,TX79499     		NONE PAID TOMORROW' LEADERS PROGRAM SUPPORT 15,000
    OUR LADY OF MERCY RETREAT CENTER
    PO BOX 744
    SLATON,TX79364     		NONE PAID SUPPORT FOR UPDATING FACILITIES 19,770
    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 7,700
    PHILANTHROPY SOUTHWEST
    8350 NORTH CENTRAL EXPRES
    DALLAS,TX75206     		NONE PAID 2015 GRANT 3,500
    RECORDING LIBRARY OF WEST TEXAS
    3500 NORTH A SUITE 2800
    MIDLAND,TX79705     		NONE PAID SUPPORT FOR PROGRAMMING 5,000
    REFUGE SERVICES
    PO BOX 53684
    LUBBOCK,TX79453     		NONE PAID EQUINE ASSISTED PSYCHOTHERAPY SCHOLA 28,200
    SAINT VINCENT PALLOTTI COMMUNITY CE
    1603 CHERRY AVE
    LUBBOCK,TX79403     		NONE PAID COMMUNITY CENTER CONSTRUCTION 50,000
    SICK CHILDREN'S CLINIC
    1002 AVE A
    LUBBOCK,TX79401     		NONE PAID PROGRAM SUPPORT 10,000
    SILENT WINGS MUSEUM FOUNDATION
    6202 N I-27
    LUBBOCK,TX79403     		NONE PAID PROGRAM SUPPORT 30,100
    SLATON LEGACY
    PO BOX 53
    SLATON,TX79364     		NONE PAID PARK BEAUTIFICATION 18,250
    SLATON SENIOR CITIZENS ASSOCIATION
    230 W LYNN STREET
    SLATON,TX79364     		NONE PAID 2015 GRANT - VAN PURCHASE 6,000
    SOUTH PLAINS CLOSING THE GAPS P-20
    PO BOX 41071
    LUBBOCK,TX79409     		NONE PAID SCHOLARSHIP SUPPORT 50,000
    SOUTH PLAINS COLLEGE FOUNDATION
    1401 S COLLEGE AVE
    LEVELLAND,TX79336     		NONE PAID IMPACT SCHOLARSHIPS 60,000
    SOUTH PLAINS FOOD BANK
    4612 LOCUST AVE
    LUBBOCK,TX79404     		NONE PAID SUPPORT FOR EQUIPMENT 137,734
    SOUTH PLAINS WILDLIFE REHABILITATIO
    3308 95TH STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR PROGRAMS AND OPERATIONS 11,000
    SPECIAL OLYMPICS TEXAS
    1318 13TH STREET STE 7
    LUBBOCK,TX79401     		NONE PAID PROGRAMMING FOR SPORTS TRAINING, VOL 15,000
    SUPPORTERS OF THE FINE ARTS (SOFA)
    P O BOX 53005
    LUBBOCK,TX79453     		NONE PAID EXHIBITS AND PROGRAMMING SUPPORT 22,900
    TEXAS RAMP PROJECT
    P O BOX 832065
    RICHARDSON,TX75083     		NONE PAID TOOLS AND ADMINISTRATIVE SUPPORT 5,000
    TEXAS SCOTTISH RITE HOSPITAL FOR CH
    2222 WELBORN STREET
    DALLAS,TX75219     		NONE PAID SUPPORT FOR PATIENT CARE 15,000
    THE INSIDE OUT FOUNDATION
    4630 50TH STREET STE 101
    LUBBOCK,TX79414     		NONE PAID PROGRAM SUPPORT 15,000
    UMC FOUNDATION
    P O BOX 5980
    LUBBOCK,TX79408     		NONE PAID FACILITY RENOVATIONS 50,000
    LOUISE H UNDERWOOD CENTER FOR THE
    511 AVENUE K
    LUBBOCK,TX79401     		NONE PAID PROGRAM SUPPORT 115,000
    VOLUNTEER SERVICES COUNCIL
    LUBBOCK STATE SCHOOL PO
    LUBBOCK,TX79408     		NONE PAID SUPPORT OF HOOP GREENHOUSE PROJECT 24,240
    WAYLAND BAPTIST UNIVERSITY - LUBBOC
    801 N QUAKER
    LUBBOCK,TX79416     		NONE PAID A/V EQUIPMENT AT LUBBOCK CAMPUS 20,000
    WOMEN'S PROTECTIVE SERVICES
    PO BOX 54089
    LUBBOCK,TX79453     		NONE PAID SUPPORT FOR 9 KITCHEN RENOVATIONS 72,000
    YOUTH ORCHESTRA OF LUBBOCK
    4011 42ND STREET
    LUBBOCK,TX79413     		NONE PAID SCHOLARSHIP SUPPORT 10,000
    YWCA OF LUBBOCK
    3101 35TH ST
    LUBBOCK,TX79413     		NONE PAID SUN N' FUN, PROGRAM SUPPORT 355,000
    SUSAN GKOMEN BREAST CANCER FD
    7412 UNIVERSITY SUITE 2
    LUBBOCK,TX79423     		NONE PAID 2015 GRANT SUPPORT FOR RACE FOR CURE 113,000
    TEXAS TECH UNIVERSITY FOUNDATION
    BOX 41081
    LUBBOCK,TX79409     		NONE PAID VARIOUS GRANTS - TRIP ELIGIBLE 382,000
    TEXAS TECH UNIVERSITY FOUNDATION
    BOX 41081
    LUBBOCK,TX79409     		NONE PAID VARIOUS GRANTS, TTUHSC 1,071,418
    MUSEUM OF TTU ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR OPERATIONS, ART ON THE L 49,000
    Total .................................bullet 3a 9,443,772
    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 ...........     		    14 54,162  
    4 Dividends and interest from securities....     14 3,323,081  
    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 4,335,071  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 2,227,910 864,412
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aMALLET RANCH - CROP SALES     		        36,975
    bMALLET RANCH-GRASS LEASES         8,909
    cMALLET RANCH-DAMAGES         4,128
    dMALLET RANCH-SURFACE RENTAL         29,205
    eMALLET RANCH - EQUIP RENTAL         372
    fMALLET RANCH-PATRONAGE DIV         4,369
    gMALLET RANCH - CROP INS PRO         7,930
    hMALLET RANCH - CALICHE SALE         1,441
    iDEVITT-JONES FARM-DAMAGES I         9,121
    jDEVITT-JONES FARM -GRASS LE         1,416
    kOTHER INCOME         45,983
    lOIL LEASE BONUS          
    m12B-1 FEES         59,981
    12 Subtotal. Add columns (b), (d), and (e)..   9,940,224 1,074,242
    13Total. Add line 12, columns (b), (d), and (e)..................
    1311,014,466
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 27,162 2,716   24,446

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    TY 2015 DepreciationSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DEPRECIATION   8,088 8,088 MACRS SL CLASS LIFE 7.0000        
    COMPUTER 2013-01-01 1,834 1,394 200DB 5.0000 176      
    GRANTMAKING SOFTWARE - FOUNDANT TECHNOLOGY 2014-08-13 12,500 7,118   3.0000 2,083      
    DESK - CHERYL - BAKER OFFICE PRODUCTS 2014-04-01 425 243 200DB 7.0000 52      
    COMPUTER - CHERYL 2014-04-21 3,530 2,118 200DB 5.0000 565      
    CHAIR - CHERYL 2014-04-21 140 80 200DB 7.0000 17      
    LOT 8 STONECREST OFFICE PARK 2014-09-15 131,688              
    OFFICE EQUIPMENT 2006-12-12 7,817 7,817 200DB 7.0000        
    POLYCOM CONFERENCE PHONES (2) 2015-09-17 1,104   200DB 7.0000 611      
    SAMSUNG TV - COMMUNITY CONFERENCE ROOM 2015-10-20 1,400   200DB 5.0000 735      
    SAMSUNG TV - TRUSTEES CONFERENCE ROOM 2015-10-20 1,200   200DB 5.0000 630      
    FURNITURE - REST HARDW ROUND TABLE LOBBY 2015-08-17 1,388   200DB 7.0000 768      
    WISTERIA 2 END TABLES - LOBBY 2015-08-17 400   200DB 7.0000 221      
    2 SPEARS CHAIRS - LOBBY 2015-08-17 1,471   200DB 7.0000 814      
    HON DESK AND CREDENZA WITH KEYBOARD TRAY 2015-09-23 910   200DB 7.0000 504      
    HON L DESK WITH KEYBOARD TRAY 2015-09-23 720   200DB 7.0000 399      
    8' ROUND RUG - KAY'S OFFICE 2015-10-08 499   200DB 7.0000 258      
    8' ROUND RUG - HEATHER'S OFFICE 2015-10-08 749   200DB 7.0000 388      
    5X7 RUG - CHERYL'S OFFICE 2015-10-08 279   200DB 7.0000 144      
    5X7 RUG - KAY'S OFFICE 2015-10-08 279   200DB 7.0000 144      
    PORTRAIT OF CHRISTINE DEVITT 2015-10-08 437   200DB 7.0000 226      
    WALL ART AND MIRROR 2015-10-08 605   200DB 7.0000 314      
    2 LAMPS - HOBBY LOBBY 2015-10-08 456   200DB 7.0000 236      
    2 SETTEES IN LOBBY 2015-10-08 1,552   200DB 7.0000 804      
    RUGS FOR LOBBY - LEFTWICH CHAPMAN 2015-10-08 1,965   200DB 7.0000 1,018      
    BARRINGTON ROUND TABLE - KAY'S OFFICE 2015-10-28 1,399   200DB 7.0000 725      
    8 HIGH BACK LEATHER CHAIRS - TRUSTEE CONFEREN 2015-10-28 7,365   200DB 7.0000 3,814      
    FRAMING OF CHRISTINE DEVITT PORTRAIT 2015-10-28 504   200DB 7.0000 261      
    COMPUTER CART - KAY'S OFFICE 2015-10-28 614   200DB 7.0000 318      
    BARRINGTON ROUND TABLE - HEATHER'S OFFICE 2015-10-28 1,399   200DB 7.0000 725      
    8 LEATHER STEELCASE CHAIRS - COMMUNITY CONFER 2015-10-28 1,000   200DB 7.0000 36      
    4 MID BACK LEATHER CHAIRS - HEATHER'S OFFICE 2015-10-28 3,045   200DB 7.0000 1,577      
    4 MID BACK LEATHER CHAIRS - KAY'S OFFICE 2015-10-28 3,045   200DB 7.0000 1,577      
    CONFERENCE TABLE - TRUSTEE'S BOARD ROOM 2015-10-28 5,964   200DB 7.0000 3,088      
    CAMERAS AND WIRING 2015-05-19 810   200DB 7.0000 477      
    TELECO - WIRING 2015-05-19 2,160   200DB 7.0000 1,273      
    HARDWARE AND SOFTWARE - BLUE LAYER 2015-06-09 4,068     3.0000 2,430      
    PURCHASE OF LOT 7A 2015-08-10 75,000              
    TELECO - CAT6 WIRING, HOT SPOT 2015-09-03 795   200DB 7.0000 440      
    CAMERA AND SECURITY SYSTEM 2015-09-08 3,878   200DB 7.0000 2,146      
    TELECO - CAT6 LINE 2015-09-23 200   200DB 7.0000 111      
    COLLIER CONSTRUCTION BUILDING COST 2015-09-03 532,593   S/L 39.0000 3,983      

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    TY 2015 GainLossSaleOtherAssetsSch
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    FIDELITY REAL ESTATE HIGH INCOME FUN 2010-02 PURCHASE 2015-11   5,335,594 4,471,182     864,412  

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Name of Stock End of Year Book Value End of Year Fair Market Value
    US SMALL CAP VALUE PORTFOLIO 2,987,490 3,528,725
    DFA INTL SMALL CAP VALUE PORTFOLIO 6,243,354 6,667,908
    EMERGING MARKETS VALUE PORTFOLIO 7,837,931 5,437,922
    EMERGING MARKET SMALL CAP PORTFOLIO 11,004,161 9,420,490
    PRIVATE ADVISORS STABLE VALUE FUND 16,500,000 17,374,022
    WASHINGTON MUTUAL INVESTORS FD 6,500,417 9,596,080
    PIMCO REAL RETURN FUND 7,391,771 5,481,049
    POINTER OFFSHORE, LTD 2,300,000 8,436,493
    EUROPACIFIC GROWTH FUND 11,216,762 16,213,311
    BLACKROCK EQUITY INDEX FUND 9,881,070 19,330,068
    BLACKROCK MID CAP INDEX FUND 8,959,434 9,812,849
    BLACKROCK RUSSELL 2000 INDEX FUND 7,862,554 7,392,315
    FIDELITY REAL ESTATE HIGH INCOME FUN    
    VENTURE INVESTMENTS PRIVATE EQUITY 1,688,599 1,650,000
    RIDGEWORTH/ SEIX FLOATING RATE 6,302,321 6,009,830
    MICROZAP, INC. 500,000 500,000
    LUBBOCK DOWNTOWN DEVELOPMENT 150,000 150,000
    KAYNE ANDERSON MLP FUND LP    
    FEG PRIVATE OPPORTUNITIES 1,677,957 1,872,004
    CHARLES SCHWAB 28,065,523 24,770,076

    TY 2015 InvestmentsLandSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    MALLET RANCH - LAND & IMPROVEMENTS 355,486 145,009 210,477 355,486
    DEVITT JONES FARM - LAND & IMPROVEME 29,866 3,187 26,679 29,866
    MINERAL INTERESTS 12,339,284 12,339,284   11,771,112

    TY 2015 LandEtcSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 13,182 12,070 1,112 10,000
    COMPUTER SOFTWARE 16,568 11,631 4,937 15,000
    FURNITURE AND FIXTURES 36,610 18,751 17,859 35,000
    CAMERAS AND WIRING 7,843 4,447 3,396 7,500
    TELEPHONES AND TELEVISION 3,703 1,976 1,727 3,000
    STONECREST OFFICE BUILDING 532,593 3,983 528,610 532,593
    LOT 8 STONECREST OFFICE PARK LAND 131,688   131,688 131,688
    LOT7A STONECREST OFFICE PARK LAND 75,000   75,000 75,000


    TY 2015 LegalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 770 77   693


    TY 2015 OtherAssetsSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT IN MALLET RANCH 273,622 249,968 249,968
    INVESTMENT IN DEVITT-JONES FARM 14,183 24,046 24,046


    TY 2015 OtherExpensesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    ADVERTISING 2,112 211   1,901
    CONTRACT LABOR 2,000 200   1,800
    DUES AND SUBSCRIPTIONS 4,064 406   3,658
    INSURANCE 8,703 870   7,833
    OFFICE SUPPLIES/EXPENSE 16,644 1,664   14,980
    MALLET RANCH-PAYROLL 10,656 1,066   9,590
    MALLET RANCH - PAYROLL TAXES 829 83   746
    MALLET RANCH - PROFESSIONAL F 10,963 1,096   9,867
    MALLET RANCH-CHEMICALS 1,844 184   1,660
    MALLET RANCH - SUPPLIES 191 19   172
    MALLET RANCH-REPAIRS AND MAIN 811 81   730
    MALLET RANCH-TELEPHONE 89 9   80
    MALLET RANCH - UTILITIES 1,298 130   1,168
    MALLET RANCH-AUTO EXPENSE 499 50   449
    MALLET RANCH-INSURANCE 1,136 114   1,022
    MALLET RANCH-DEPRECIATION 2,004 200   1,804
    MALLET RANCH - DEPLETION 216 22   194
    MALLET RANCH-MISCELLANEOUS 1,444 144   1,300
    DEVITT JONES FARM-FARM EXPS 696 70   626
    UTILITIES 3,228 323   2,905
    PORTFOLIO EXPENSES - K-1S 443,716 44,372   399,344
    OTHER LOSS - SCHEDULE K-1S 520,223 52,022   468,201
    ROYALTY EXPENSES 14,533 1,453   13,080


    TY 2015 OtherIncomeSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES 4,335,071 4,335,071  
    MALLET RANCH - CROP SALES 36,975 36,975  
    MALLET RANCH-GRASS LEASES 8,909 8,909  
    MALLET RANCH-DAMAGES 4,128 4,128  
    MALLET RANCH-SURFACE RENTALS 29,205 29,205  
    MALLET RANCH - EQUIP RENTALS 372 372  
    MALLET RANCH-PATRONAGE DIV 4,369 4,369  
    MALLET RANCH - CROP INS PRO 7,930 7,930  
    MALLET RANCH - CALICHE SALES 1,441 1,441  
    DEVITT-JONES FARM-DAMAGES INC 9,121 9,121  
    DEVITT-JONES FARM -GRASS LEAS 1,416 1,416  
    OTHER INCOME 45,983 45,983  
    12B-1 FEES 59,981 59,981  


    TY 2015 OtherIncreasesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Amount
    PREFERENCE DEPLETION 648,991


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OIL & GAS CONSULTING 4,000 400   3,600
    INVESTMENT FEES 73,627 7,363   66,264
    ARCHITECTURE FEES 5,766 577   5,189


    TY 2015 TaxesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 166,000 166,000    
    OIL & GAS SEVERANCE TAXES 211,636 211,636    
    PROPERTY TAXES 658,090 658,090    
    FOREIGN TAXES PAID 18,743 18,743    
    PROPERTY TAXES - OFFICE 10,396 10,396