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
STRAKE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)712 MAIN STREET NO 3300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
HOUSTON, TX770023215
A Employer identification number

76-0041524
B Telephone number (see instructions)

(713) 216-2400
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$58,841,785J Accounting method:
MODIFIED CASH
(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      
4 Dividends and interest from securities... 1,605,422 1,636,518  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,998,602
b Gross sales price for all assets on line 6a 5,811,451
7 Capital gain net income (from Part IV, line 2)... 1,264,114
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 -2,332,558 154,154  
12 Total. Add lines 1 through 11........ 1,271,466 3,054,786  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 54,000 7,200   46,800
14 Other employee salaries and wages...... 255,005 122,662   132,343
15 Pension plans, employee benefits....... 111,285 53,530   57,755
16a Legal fees (attach schedule)......... Click to see attachment 2,400 1,200   1,200
b Accounting fees (attach schedule)....... Click to see attachment 30,320 21,910   8,410
c Other professional fees (attach schedule).... Click to see attachment 188,048 188,048   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 111,837 8,094   0
19 Depreciation (attach schedule) and depletion... 2,233 1,117  
20 Occupancy.............. 29,834 14,917   14,917
21 Travel, conferences, and meetings....... 8,114 586   7,528
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 83,744 26,211   57,064
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 876,820 445,475   326,017
25 Contributions, gifts, grants paid....... 4,028,800 4,028,800
26 Total expenses and disbursements. Add lines 24 and 25 4,905,620 445,475   4,354,817
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,634,154
b Net investment income (if negative, enter -0-) 2,609,311
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............. 839,016 746,502 746,502
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)....... 12,365,357 Click to see attachment11,396,158 47,839,179
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).......... 4,766,346 Click to see attachment2,206,154 10,249,943
14 Land, buildings, and equipment: basis bullet39,561
Less: accumulated depreciation (attach schedule) bullet33,400 8,394 6,161 6,161
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 17,979,113 14,354,975 58,841,785
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 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........ 17,979,113 14,354,975
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 17,979,113 14,354,975
31 Total liabilities and net assets/fund balances (see instructions). 17,979,113 14,354,975
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
17,979,113
2
Enter amount from Part I, line 27a .....................
2
-3,634,154
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
10,016
4
Add lines 1, 2, and 3 ..........................
4
14,354,975
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
14,354,975
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 PUBLICLY TRADED SECURITIES      
b CAPITAL GAINS (LOSSES) FROM PARTNERSHIPS P    
c CAPITAL GAINS (LOSSES) FROM PARTNERSHIPS P    
d CAPITAL GAINS (LOSSES) FROM PARTNERSHIPS P    
e 750 SHS ALLERGAN PLC P 2013-10-01 2015-10-21
200 SHS BOEING CO P 2013-03-12 2015-05-22
500 SHS CHUBB CORP **EXCHANGED FOR 0.6019 SHARES OF CUSIP H1467J104 + $62.93 P 2010-09-13 2015-11-30
400 SHS CELGENE CORP P 2011-06-02 2015-11-30
1000 SHS COMCAST CORP NEW CL A P 2010-03-18 2015-11-30
600 SHS COMCAST CORP NEW CL A P 2010-03-10 2015-11-30
400 SHS COMCAST CORP NEW CL A P 2010-01-14 2015-11-30
1000 SHS COMMSCOPE HOLDINGS CO INC COM P 2015-04-23 2015-05-28
400 SHS CALIFORNIA RES CORP COM 1 FOR 10 R/S INTO CALIFORNIA RESOURCESCORP C P 2011-06-02 2015-05-22
3000 SHS FIREEYE INC COM USD0.0001 P 2015-01-13 2015-11-30
150 SHS GENERAL ELECTRIC CO P 2015-10-05 2015-11-30
2000 SHS GENERAL MILLS INC P 2015-06-22 2015-11-30
500 SHS HOME DEPOT INC COM P 2011-11-30 2015-05-22
100 SHS LILLY ELI &CO COM NPV P 2012-04-02 2015-05-22
1500 SHS SMEDTRONIC INC COM STK USD0.10 ISIN #US5850551061 SEDOL #B043LW3 P 2012-08-17 2015-01-27
1500 SHS MICROSOFT CORP P 1995-02-01 2015-05-22
1000 SHS OCCIDENTAL PETROLEUMCORP P 2011-06-02 2015-05-22
700 SHS PAYPAL HLDGS INC COM P 2015-04-23 2015-11-30
200 SHS PAYPAL HLDGS INC COM P 2014-11-05 2015-11-30
500 SHS PAYPAL HLDGS INC COM P 2014-11-04 2015-11-30
2500 SHS RADWARE COM ILS0.05 P 2014-12-01 2015-10-06
1300 SHS RADWARE COM ILS0.05 P 2014-11-13 2015-10-06
200 SHS RADWARE COM ILS0.05 P 2014-11-12 2015-10-06
500 SHS RANGE RESOURCES CORP P 2011-08-30 2015-05-22
400 SHS RANGE RESOURCES CORP P 2011-07-22 2015-05-22
1600 SHS RANGE RESOURCES CORP P 2011-06-09 2015-05-22
200 SHS SCHLUMBERGER LIMITEDCOM USD0.01 P 2011-03-03 2015-11-30
700 SHS SCHLUMBERGER LIMITEDCOM USD0.01 P 2011-03-03 2015-11-30
400 SHS STRYKER CORP P 2012-10-01 2015-05-22
1000 SHS UNION PACIFIC CORP P 2006-05-03 2015-11-30
2000 SHS UNION PACIFIC CORP P 2006-05-03 2015-05-28
1000 SHS UNION PACIFIC CORP P 2006-05-03 2015-05-22
700 SHS UNITED RENTALS INC P 2014-02-19 2015-07-14
700 SHS VASCO DATA SECURITY INTL P 2015-04-23 2015-11-30
4000 SHS VASCO DATA SECURITY INTL P 2015-04-17 2015-11-30
3000 SHS WESTERN UNION CO COM P 2015-06-22 2015-07-20
306 SHS ACCOR SA **EXCHANGE EFF 03/2015** ADR P 2013-10-31 2015-01-23
60 SHS ADIDAS AG SPON ADR P 2015-02-12 2015-12-01
162 SHS ADIDAS AG SPON ADR P 2015-02-12 2015-11-09
215 SHS ADIDAS AG SPON ADR P 2015-02-12 2015-12-04
350 SHS ALTRIA GROUP INC P 1972-07-20 2015-11-17
1070 SHS ALTRIA GROUP INC P 1972-07-20 2015-05-22
142 SHS AMERICA MOVIL S.A.B. DE C.V. SER L SPON ADR P 2013-10-25 2015-07-28
745 SHS AMERICA MOVIL S.A.B. DE C.V. SER L SPON ADR P 2013-10-31 2015-07-28
104 SHS ASTRAZENECA PLC SPON ADR P 2015-06-18 2015-12-01
275 SHS ATOS ORIGIN SA ADR P 2015-04-17 2015-12-01
220 SHS AXA ADR P 2013-10-25 2015-10-29
660 SHS AXA ADR P 2013-10-31 2015-10-29
26 SHS BAYER A G SPON ADR P 2014-08-13 2015-03-12
110 SHS BAYER A G SPON ADR P 2014-08-29 2015-03-12
11 SHS BAYER A G SPON ADR P 2014-08-29 2015-03-16
840 SHS BCE INC NEW CAD P 2013-06-24 2015-12-01
183 SHS BG GROUP PLC SPON ADR P 2014-05-02 2015-04-16
1097 SHS BG GROUP PLC SPON ADR P 2014-05-02 2015-11-11
171 SHS BG GROUP PLC SPON ADR P 2015-02-09 2015-11-11
-50 SHS CALL CHEVRON CORP DUE 03/20/15 125.000 P 2015-03-19 2015-03-19
-50 SHS CALL CHEVRON CORP DUE 03/20/15 135.000 P 2015-03-19 2015-03-19
-50 SHS CALL CHEVRON CORP DUE 09/18/15 115.000 P 2015-07-17 2015-03-23
-300 SHS CALL EXXON MOBIL CORP DUE 01/17/15 105.000 P 2015-01-15 2015-01-15
-200 SHS CALL EXXON MOBIL CORP DUE 04/17/15 105.000 P 2015-04-20 2015-04-20
-300 SHS CALL EXXON MOBIL CORP DUE 07/17/15 97.500 P 2015-07-15 2015-01-15
-235 SHS CALL JOHNSON & JOHNSON C DUE 04/17/15 110.000 P 2015-04-20 2015-04-20
-480 SHS CALL PROCTER & GAMBLE CO DUE 04/17/15 92.500 P 2015-04-20 2015-04-20
25 SHS CHECK POINT SOFTWARE TECH LTD ILS P 2013-10-31 2015-01-13
160 SHS CHECK POINT SOFTWARE TECH LTD ILS P 2013-10-31 2015-10-13
86 SHS CHECK POINT SOFTWARE TECH LTD ILS P 2013-10-31 2015-10-14
276 SHS CHEMOURS CO P 2013-06-24 2015-09-01
180 SHS CHEMOURS CO P 2013-10-31 2015-09-01
73 SHS CHEMOURS CO P 2014-03-31 2015-09-01
974 SHS CHEVRON CORP P 1970-10-29 2015-12-01
1340 SHS CISCO SYSTEMS INC P 2013-06-27 2015-05-22
695 SHS CNOOC LTD SPON ADR P 2014-07-09 2015-09-30
35 SHS DAIMLER AG ORD EUR P 2013-10-25 2015-02-02
29 SHS DAIMLER AG ORD EUR P 2013-10-31 2015-02-02
160 SHS DAIMLER AG ORD EUR P 2013-10-31 2015-08-18
111 SHS DAIMLER AG ORD EUR P 2013-10-31 2015-02-25
64 SHS DAIMLER AG ORD EUR P 2014-08-11 2015-08-18
683 SHS DEUTSCHE BOERSE ADR P 2013-10-25 2015-01-21
1209 SHS DEUTSCHE BOERSE ADR P 2013-10-31 2015-01-22
1131 SHS DEUTSCHE BOERSE ADR P 2013-10-31 2015-01-21
1260 SHS DIAMOND OFFSHORE DRILLING INC P 2013-07-11 2015-09-30
730 SHS DIAMOND OFFSHORE DRILLING INC P 2013-10-29 2015-09-30
610 SHS DIAMOND OFFSHORE DRILLING INC P 2013-10-31 2015-09-30
115 SHS EMBRAER S A SPON ADR P 2015-03-09 2015-11-09
648 SHS EUROPEAN AERONAUT UNSPONSORED ADR P 2013-10-31 2015-02-25
67 SHS EUROPEAN AERONAUT UNSPONSORED ADR P 2013-10-31 2015-06-18
291 SHS EUROPEAN AERONAUT UNSPONSORED ADR P 2014-07-08 2015-06-18
1137 SHS EUROPEAN AERONAUT UNSPONSORED ADR P 2014-10-22 2015-06-18
6237 SHS EXXON MOBIL CORP P 1931-11-11 2015-12-01
82 SHS GEA GROUP AG SPON ADR P 2013-10-25 2015-08-25
103 SHS GEA GROUP AG SPON ADR P 2013-10-31 2015-08-25
267 SHS GEA GROUP AG SPON ADR P 2013-10-31 2015-08-26
1205 SHS GENL ELECTRIC CO P 2013-06-24 2015-12-01
95.12 SHS HALYARD HEALTH INC P 2013-06-24 2015-03-13
66.88 SHS HALYARD HEALTH INC P 2013-10-31 2015-03-13
69 SHS HEINEKEN NV SPON ADR P 2013-10-25 2015-11-02
475 SHS HEINEKEN NV SPON ADR P 2013-10-31 2015-11-02
274 SHS HITACHI LTD ADR NEW JAPAN P 2013-10-31 2015-02-24
45 SHS HITACHI LTD ADR NEW JAPAN P 2015-02-12 2015-02-24
714 SHS HOLCIM LTD **NAME CHANGE EFF: 07/2015** ADR P 2014-08-04 2015-01-21
728 SHS HOLCIM LTD **NAME CHANGE EFF: 07/2015** ADR P 2014-08-04 2015-01-20
23 SHS HOLCIM LTD **NAME CHANGE EFF: 07/2015** ADR P 2014-08-05 2015-01-21
213 SHS INFINEON TECHNOLOGIES ADR P 2014-12-02 2015-12-01
410 SHS INFINEON TECHNOLOGIES ADR P 2014-12-02 2015-06-02
125 SHS INFINEON TECHNOLOGIES ADR P 2014-12-04 2015-12-01
3300 SHS INTEL CORP P 2013-06-27 2015-05-22
625 SHS JPMORGAN CHASE & CO P 2013-06-24 2015-05-22
930 SHS LILLY ELI & CO P 2013-06-24 2015-05-22
820 SHS LILLY ELI & CO P 2013-06-24 2015-06-16
245 SHS LILLY ELI & CO P 2013-10-31 2015-06-16
66 SHS LIXIL GROUP CORP UNSPONSORED ADR P 2015-08-31 2015-12-01
105 SHS MARKIT LTD **NAME CHANGE EFF: 07/2016** P 2015-06-01 2015-12-01
45 SHS MARKIT LTD **NAME CHANGE EFF: 07/2016** P 2015-06-02 2015-12-01
810 SHS MERCK & CO INC NEW COM P 1982-12-02 2015-05-22
970 SHS MERCK & CO INC NEW COM P 1982-12-02 2015-09-17
755 SHS MICROSOFT CORP P 1995-02-01 2015-12-01
910 SHS MICROSOFT CORP P 1995-02-01 2015-05-22
295 SHS NEXTERA ENERGY INC COM P 2013-06-24 2015-12-01
9 SHS NIPPON TELEG & TEL CORP SPON ADR P 2013-10-31 2015-10-29
130 SHS NIPPON TELEG & TEL CORP SPON ADR P 2013-10-31 2015-07-10
321 SHS NIPPON TELEG & TEL CORP SPON ADR P 2013-12-11 2015-10-29
280 SHS NIPPON TELEG & TEL CORP SPON ADR P 2013-12-13 2015-10-29
8 SHS NOVARTIS AG SPON ADR P 2013-10-25 2015-01-13
3 SHS NOVARTIS AG SPON ADR P 2013-10-31 2015-01-13
1000 SHS NUCOR CORP P 2014-12-16 2015-07-17
537 SHS PEARSON PLC SPON ADR P 2015-08-20 2015-11-17
684 SHS PEARSON PLC SPON ADR P 2015-08-20 2015-11-19
725 SHS PORSCHE AUTOMOBIL HLDG SE ADR P 2013-10-25 2015-05-18
1680 SHS PORSCHE AUTOMOBIL HLDG SE ADR P 2013-10-31 2015-05-18
179 SHS PORSCHE AUTOMOBIL HLDG SE ADR P 2014-08-05 2015-05-18
50 SHS PUT CHEVRON CORP DUE 03/20/15 105.000 P 2014-10-01 2015-03-19
50 SHS PUT CHEVRON CORP DUE 03/20/15 105.000 P 2014-10-14 2015-03-19
50 SHS PUT CHEVRON CORP DUE 09/18/15 90.000 P 2015-03-23 2015-07-17
300 SHS PUT EXXON MOBIL CORP DUE 01/17/15 80.000 P 2014-07-16 2015-01-15
200 SHS PUT EXXON MOBIL CORP DUE 04/17/15 80.000 P 2014-10-14 2015-04-20
300 SHS PUT EXXON MOBIL CORP DUE 07/17/15 80.000 P 2015-01-15 2015-07-15
235 SHS PUT JOHNSON & JOHNSON C DUE 04/17/15 85.000 P 2014-10-14 2015-04-20
480 SHS PUT PROCTER & GAMBLE CO DUE 04/17/15 70.000 P 2014-10-14 2015-04-20
4362.61 SHS PUTNAM SHORT DURATION INCOME FUND Y P 2013-10-30 2015-01-16
4829.51 SHS PUTNAM SHORT DURATION INCOME FUND Y P 2013-10-30 2015-01-27
335 SHS RAYTHEON CO NEW P 2013-06-24 2015-12-01
340 SHS RAYTHEON CO NEW P 2013-06-24 2015-05-22
326 SHS REPSOL SA SPON ADR P 2013-10-25 2015-05-19
605 SHS REPSOL SA SPON ADR P 2013-10-31 2015-05-19
921 SHS ROYAL KPN N.V. SPON ADR P 2014-01-22 2015-12-01
159 SHS SECOM LTD ADR JAPAN ADR P 2013-10-25 2015-04-16
110 SHS SEVEN & I HLDGS CO LTD ADR P 2013-10-31 2015-12-01
603 SHS SEVEN & I HLDGS CO LTD ADR P 2013-10-31 2015-04-08
105 SHS SKY PLC SPON ADR P 2014-06-17 2015-12-01
346 SHS SOCIETE GENERALE FRANCE SPONS ADR ADR P 2014-08-27 2015-12-01
126 SHS SONY CORP ADR NEW JAPAN ADR P 2014-02-07 2015-02-04
88 SHS SONY CORP ADR NEW JAPAN ADR P 2014-02-07 2015-04-15
19 SHS SONY CORP ADR NEW JAPAN ADR P 2014-02-07 2015-07-21
690 SHS SONY CORP ADR NEW JAPAN ADR P 2014-03-31 2015-07-21
735 SHS SUMITOMO MITSUI FINANCIAL SPON ADR P 2013-10-31 2015-05-12
10 SHS SYNGENTA AG SPON ADR P 2014-12-26 2015-12-01
45 SHS SYNGENTA AG SPON ADR P 2014-12-26 2015-06-17
54 SHS SYNGENTA AG SPON ADR P 2014-12-29 2015-12-01
870 SHS TAIWAN SEMICONDUCTOR MFG CO LTD ADR P 2013-11-18 2015-02-19
71 SHS TAIWAN SEMICONDUCTOR MFG CO LTD ADR P 2013-11-18 2015-01-15
5 SHS TAIWAN SEMICONDUCTOR MFG CO LTD ADR P 2013-11-26 2015-02-19
263 SHS TORAY IND ADR JAPAN ADR P 2013-11-21 2015-12-01
440 SHS TRAVELERS COS INC/THE P 2013-06-24 2015-09-30
140 SHS TREND MICRO INC NEW SPON ADR P 2015-02-24 2015-03-27
65 SHS TREND MICRO INC NEW SPON ADR P 2015-02-24 2015-03-30
95 SHS TREND MICRO INC NEW SPON ADR P 2015-02-25 2015-03-30
479 SHS UNIBAIL-RODAMCO SE ADR REPSTG SHS NEW JCE ISSUE 20 P 2014-02-05 2015-01-21
30 SHS WPP PLC NEW SPON ADR P 2013-10-25 2015-12-01
220 SHS 3M CO P 1962-01-09 2015-12-01
(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 781,431   782,148 -717
b     3,569 -3,569
c     155,447 -155,447
d 578,650   578,650 0
e 187,710   108,000 79,710
28,997   16,736 12,261
65,336   28,041 37,295
44,342   11,909 32,433
61,169   17,678 43,491
36,701   10,496 26,205
24,468   6,692 17,776
30,936   29,393 1,543
3,234   3,696 -462
69,701   104,721 -35,020
4,545   4,035 510
116,140   113,236 2,904
55,923   19,472 36,451
7,402   4,042 3,360
115,425   61,070 54,355
70,575   5,684 64,891
76,651   99,600 -22,949
24,489   24,091 398
6,997   6,276 721
17,492   15,580 1,912
34,413   51,233 -16,820
17,895   25,085 -7,190
2,753   3,804 -1,051
29,352   32,840 -3,488
23,482   25,834 -2,352
93,927   86,908 7,019
15,461   18,506 -3,045
54,113   64,772 -10,659
38,618   22,008 16,610
84,380   23,358 61,022
203,311   46,715 156,596
104,450   23,358 81,092
57,277   59,132 -1,855
13,326   18,281 -4,955
76,149   101,172 -25,023
57,892   64,279 -6,387
2,993   2,753 240
2,956   2,238 718
7,571   6,043 1,528
10,638   8,020 2,618
19,825   88 19,737
54,852   270 54,582
2,628   2,989 -361
13,788   16,003 -2,215
3,615   3,465 150
4,524   3,999 525
5,830   5,566 264
17,489   16,512 977
3,864   3,385 479
16,348   14,811 1,537
1,685   1,481 204
36,282   34,255 2,027
3,231   3,856 -625
16,464   23,116 -6,652
2,566   2,531 35
6,995   74 6,921
2,945   74 2,871
8,245   424 7,821
81,343   366 80,977
16,304     16,304
54,044   655 53,389
15,214     15,214
18,464     18,464
2,030   1,456 574
12,704   9,318 3,386
6,768   5,008 1,760
2,590   3,669 -1,079
1,689   2,804 -1,115
685   1,244 -559
90,039   2,943 87,096
39,254   32,972 6,282
69,816   121,025 -51,209
3,206   2,903 303
2,656   2,380 276
13,389   13,133 256
10,695   9,111 1,584
5,355   5,209 146
5,127   5,463 -336
9,045   9,003 42
8,490   8,423 67
21,600   82,878 -61,278
12,514   42,687 -30,173
10,457   35,521 -25,064
3,347   3,782 -435
9,400   10,984 -1,584
1,083   1,136 -53
4,703   4,639 64
18,375   16,260 2,115
509,917   22,500 487,417
3,207   3,616 -409
4,028   4,534 -506
10,388   11,753 -1,365
36,046   27,606 8,440
4,466   2,978 1,488
3,140   2,403 737
3,138   2,415 723
21,601   16,497 5,104
19,037   19,169 -132
3,127   2,989 138
9,888   11,430 -1,542
10,225   11,654 -1,429
319   366 -47
3,130   2,100 1,030
5,350   4,042 1,308
1,837   1,296 541
110,191   79,639 30,552
41,637   31,654 9,983
68,836   45,391 23,445
69,362   40,022 29,340
20,724   12,257 8,467
3,060   2,713 347
3,138   2,817 321
1,345   1,215 130
48,181   1,746 46,435
52,385   2,091 50,294
41,352   2,861 38,491
42,828   3,448 39,380
29,504   22,960 6,544
331   234 97
4,705   3,386 1,319
11,812   8,238 3,574
10,303   7,306 2,997
773   631 142
290   234 56
42,555   51,190 -8,635
6,299   9,820 -3,521
8,438   12,509 -4,071
6,704   6,503 201
15,534   15,689 -155
1,655   1,672 -17
2,272   10,155 -7,883
2,272   23,205 -20,933
9,345   9,655 -310
234   13,755 -13,521
    45,455 -45,455
245   97,755 -97,510
    32,450 -32,450
    34,815 -34,815
43,844   43,844 0
48,537   48,537 0
41,598   21,875 19,723
36,255   22,201 14,054
6,521   8,630 -2,109
12,102   16,115 -4,013
3,546   3,393 153
2,887   2,377 510
2,510   2,036 474
13,164   11,163 2,001
7,136   6,246 890
3,341   3,625 -284
3,262   2,119 1,143
2,765   1,480 1,285
537   319 218
19,497   13,263 6,234
6,582   7,101 -519
733   656 77
3,794   2,953 841
3,959   3,510 449
21,328   15,525 5,803
1,613   1,267 346
123   88 35
4,836   3,764 1,072
43,976   34,161 9,815
4,751   4,463 288
2,194   2,072 122
3,207   3,075 132
12,967   11,420 1,547
3,474   3,261 213
34,425   1,116 33,309
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       -717
b       -3,569
c       -155,447
d       0
e       79,710
      12,261
      37,295
      32,433
      43,491
      26,205
      17,776
      1,543
      -462
      -35,020
      510
      2,904
      36,451
      3,360
      54,355
      64,891
      -22,949
      398
      721
      1,912
      -16,820
      -7,190
      -1,051
      -3,488
      -2,352
      7,019
      -3,045
      -10,659
      16,610
      61,022
      156,596
      81,092
      -1,855
      -4,955
      -25,023
      -6,387
      240
      718
      1,528
      2,618
      19,737
      54,582
      -361
      -2,215
      150
      525
      264
      977
      479
      1,537
      204
      2,027
      -625
      -6,652
      35
      6,921
      2,871
      7,821
      80,977
      16,304
      53,389
      15,214
      18,464
      574
      3,386
      1,760
      -1,079
      -1,115
      -559
      87,096
      6,282
      -51,209
      303
      276
      256
      1,584
      146
      -336
      42
      67
      -61,278
      -30,173
      -25,064
      -435
      -1,584
      -53
      64
      2,115
      487,417
      -409
      -506
      -1,365
      8,440
      1,488
      737
      723
      5,104
      -132
      138
      -1,542
      -1,429
      -47
      1,030
      1,308
      541
      30,552
      9,983
      23,445
      29,340
      8,467
      347
      321
      130
      46,435
      50,294
      38,491
      39,380
      6,544
      97
      1,319
      3,574
      2,997
      142
      56
      -8,635
      -3,521
      -4,071
      201
      -155
      -17
      -7,883
      -20,933
      -310
      -13,521
      -45,455
      -97,510
      -32,450
      -34,815
      0
      0
      19,723
      14,054
      -2,109
      -4,013
      153
      510
      474
      2,001
      890
      -284
      1,143
      1,285
      218
      6,234
      -519
      77
      841
      449
      5,803
      346
      35
      1,072
      9,815
      288
      122
      132
      1,547
      213
1,507 1,116 391 32,918
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 1,264,114
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 4,885,166 74,124,159 0.065905
2013 3,183,131 70,718,128 0.045012
2012 3,290,072 64,718,440 0.050837
2011 2,949,844 59,322,350 0.049726
2010 2,468,338 52,268,564 0.047224
2
Total of line 1, column (d) .....................
20.258704
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
0.051741
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
62,805,477
5
Multiply line 4 by line 3......................
5
3,249,618
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
26,093
7
Add lines 5 and 6........................
7
3,275,711
8
Enter qualifying distributions from Part XII, line 4.............
8
4,354,817
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 26,093
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 26,093
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 26,093
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 39,050
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 39,050
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 12,957
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet12,957 RefundedBullet 11 0
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$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 addressbulletN/A
    14
    The books are in care ofbulletMR RANDALL WOODRUFF Telephone no.bullet (713) 400-1170

    Located atbullet712 MAIN STREET SUITE 3300HOUSTONTX ZIP+4bullet77002
    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
     
     
    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
    Yes
     
    .........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). Click to see attachment
    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
    PAUL L ROBISON JR EXEC. DIR.
    30.00     		132,183 25,286 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    GEORGE W STRAKE JR PRESIDENT/TREASURER
    5.00     		30,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    ROBERT S PARSLEY SECRETARY
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    DIANA D HOOVER VICE-PRESIDENT
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    MELISSA S GRIFFITH DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    COLLEEN D STROUP DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    KATHY D COVEY DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    BERTHA HUTCHISON DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    FRED T MAGEE DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    RODERICK R PAIGE DIRECTOR
    2.00     		3,000 0 0
    712 MAIN ST STE 3300
    HOUSTON,TX77002
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MCMURREY INVESTMENT ADVISORS INVESTMENT MANAGEMENT 67,927
    600 TRAVIS STREET
    HOUSTON,TX77002
    UBS FINANCIAL SERVICES INVESTMENT MANAGEMENT 66,972
    109 POST OAK CIRCLE 150
    HOUSTON,TX77024
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    50,929,867
    b
    Average of monthly cash balances.......................
    1b
    923,092
    c
    Fair market value of all other assets (see instructions)................
    1c
    11,908,947
    d
    Total (add lines 1a, b, and c).........................
    1d
    63,761,906
    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
    0
    3
    Subtract line 2 from line 1d.........................
    3
    63,761,906
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    956,429
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    62,805,477
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,140,274
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,140,274
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    26,093
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    26,093
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,114,181
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,114,181
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,114,181
    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
    4,354,817
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    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
    4,354,817
    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
    26,093
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,328,724
    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 3,114,181
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011...... 18,057
    c From 2012...... 177,823
    d From 2013......  
    e From 2014...... 1,288,288
    fTotal of lines 3a through e........ 1,484,168
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,354,817
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 3,114,181
    e Remaining amount distributed out of corpus 1,240,636
    5 Excess distributions carryover applied to 2015. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,724,804
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		2,724,804
    10 Analysis of line 9:
    a Excess from 2011.... 18,057
    b Excess from 2012.... 177,823
    c Excess from 2013....  
    d Excess from 2014.... 1,288,288
    e Excess from 2015.... 1,240,636
    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:
    GRANT APPLICATIONS ARE PROCESSED ON
    712 MAIN STREET SUITE 3300
    HOUSTON,TX770023215
    (713) 400-1170
    bThe form in which applications should be submitted and information and materials they should include:
    GRANT APPLICATION SHOULD BE SUBMITTED ONLINE. CONTACT THE GRANTS ADMINISTRATOR AT THE STRAKE FOUNDATION FOR A LINK TO THE GRANT APPLICATION. THE FOLLOWING INFORMATION WILL BE REQUESTED DURING THE APPLICATION PROCESS: - COVER LETTER WITH BRIEF DESCRIPTION OF NEED - COPY OF CURRENT IRS DETERMINATION LETTER INDICATING SECTION 501(C)(3) TAX EXEMPT STATUS - LIST OF CURRENT BOARD OF DIRECTORS - COPY OF ANNUAL BUDGET - COPY OF YOUR MOST RECENT FORM 990 TAX RETURN
    cAny submission deadlines:
    APPLICATION SHOULD BE SUBMITTED BEFORE APRIL 1 OR OCTOBER 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    APPLICATION GUIDELINES: - SUBMIT ONLY ONE REQUEST WITHIN ANY CALENDAR YEAR - GRANTS MADE ONLY TO QUALIFIED SECTION 501(C)(3) NON-PROFIT ORGANIZATIONS. GRANTS WILL NOT BE MADE TO INDIVIDUALS OR NON-QUALIFIED ORGANIZATIONS. - SUPPORT CONSIDERED FOR HOSPITAL AND MEDICAL RESEARCH, PRIVATE SECONDARY AND HIGHER EDUCATIONAL INSTITUTIONS, CULTURAL AND SOCIAL SERVICES, INCLUDING PROGRAMS FOR YOUTH - SUPPORT IS CONSIDERED FOR OPERATING BUDGETS, CAPITAL CAMPAIGNS, SPECIAL PROJECTS, RESEARCH, MATCHING FUNDS AND GENERAL PURPOSES.
    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
    SEE SCHEDULE B
    VARIOUS CITIES
    AND STATES,TX77002     		NONE 501(C)(3) PUBLIC CHARITIES 4,028,800
    Total .................................bullet 3a 4,028,800
    bApproved for future payment
    SEE SCHEDULE C
    VARIOUS CITIES
    AND STATES,TX77002     		NONE 501(C)(3) PUBLIC CHARITIES 5,097,500
    Total .................................bullet 3b 5,097,500
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,605,422  
    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.....     14    
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,998,602  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aPARTNERSHIP INCOME     		    14 -2,332,558  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,271,466 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    131,271,466
    (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:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 30,320 21,910   8,410

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

    TY 2015 ExpenditureResponsibilityStmt
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    A GLIMMER OF HOPE FOUDNATION
          		3600 N CAPITAL OF TEXAS HWY BLDG B
    SUITE 330
    AUSTIN,TX78746     		2014-06-02 10,000 TO SUPPORT THE CLEAN WATER PROJECT IN GONOK VILLAGE, ETHIOPIA 10,000 NONE MARCH 10, 2016 2016-03-10 GLIMMER HAS POOLED THE GRANTOR'S FUNDS WITH THOSE OF OTHER DONORS TO FUND THE CONSTRUCTION OF A DEEPBOREHOLE WHICH WILL PROVIDE WATER TO NINE WATER DISTRIBUTION POINTS THROUGHOUT GONOK VILLAGE, SERVING 3,000 RESIDENTS. CONSTRUCTION IS SUBSTANTIALLY COMPLETED AND THE ENTIRE WATER SYSTEM IS EXPECTED TO BE FUNCTIONAL IN LATE 2016.

    TY 2015 GeneralExplanationAttachment
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Identifier Return Reference Explanation
      FORM 8865 - CATEGORY 3 FILER, DOMESTIC PARTNERSHIP EXCEPTION THE STRAKE FOUNDATION QUALIFIES AS A CATEGORY 3 FILER WITH RESPECT TO CERTAIN FOREIGN PARTNERSHIPS. HOWEVER, THE TAXPAYER IS NOT REQUIRED TO FILE A FORM 8865 PURSUANT TO THE DOMESTIC PARTNERSHIP EXCEPTION. DURING THE CALENDAR YEAR 2015, THE DOMESTIC PARTNERSHIP LISTED BELOW CONTRIBUTED PROPERTY TO A FOREIGN PARTNERSHIP. HOWEVER, THE DOMESTIC PARTNERSHIP FILED FORM 8865 AND PROPERLY REPORTED ALL THE REQUIRED INFORMATION WITH RESPECT TO THE CONTRIBUTION. THEREFORE, THE STRAKE FOUNDATION IS RELIEVED OF ANY FORM 8865 FILING REQUIREMENT.THE FILING REQUIREMENT FOR FORM 8865 FOR THE CALENDAR YEAR 2015 HAS BEEN SATISFIED BY THE FOLLOWING: PMF TEI FUND, LP 4265 SAN FELIPE, SUITE 800 HOUSTON, TX 77027 EIN: 46-4480732FORM 8886 REPORTABLE TRANSACTION DISCLOSURE STATEMENT -- TYPE #1IRS NOTICE 2006-16 SETS FORTH A SAFE HARBOR FROM DISCLOSURE OBLIGATIONS THAT APPLIES IN CERTAIN CIRCUMSTANCES TO TAXPAYERS INVESTING IN PASS-THROUGH ENTITIES. IN GENERAL, IRS NOTICE 2006-16 PROVIDES THAT A TAXPAYER WHOSE REPORTING OBLIGATION ARISES SOLELY AS A RESULT OF A DIRECT OR INDIRECT INVESTMENT IN A PASS-THROUGH ENTITY IS NOT REQUIRED TO FILE A DISCLOSURE STATEMENT IF THE TAXPAYER RECEIVES A WRITTEN ACKNOWLEDGEMENT THAT THE PASS-THROUGH ENTITY HAS OR WILL COMPLY WITH ITS SEPARATE DISCLOSURE OBLIGATION. THE STRAKE FOUNDATION RECEIVED NOTIFICATION THAT THE DISCLOSURE OBLIGATION WAS SATISFIED BY THE FOLLOWING: PMF TEI FUND, LP 4265 SAN FELIPE, SUITE 800 HOUSTON, TX 77027 EIN: 46-4480732FORM 8886 REPORTABLE TRANSACTION DISCLOSURE STATEMENT -- TYPE #2PMF TEI FUND, LP OWNS A DIRECT INTEREST IN OTHER FUNDS WITH THE RESULT THAT IT MET THE REPORTABLE LOSS THRESHOLD WITH RESPECT TO REPORTABLE TRANSACTIONS. IT HAS FILED A FORM 8886 FOR THE REPORTABLE TRANSACTION DISCLOSURES. AS SUCH, THE STRAKE FOUNDATION, A DOMESTIC LIMITED PARTNER IN THIS FUND, IS NOT REQUIRED TO FILE A FORM 8886 BECAUSE ITS LOSS IS BELOW THE REPORTABLE LOSS THRESHOLD.

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Name of Stock End of Year Book Value End of Year Fair Market Value
    HELD AT FIDELITY INVESTMENTS 3,675,409 24,140,401
    HELD AT UBS 7,720,749 23,698,778

    TY 2015 InvestmentsOtherSchedule2
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    THE ENDOWMENT FUND AT COST 249,005 249,520
    BELRIDGE ENERGY ADVISORS LP AT COST 133,944 133,944
    NAVITAS FUND, L.P. AT COST 352,430 352,608
    PELICAN ENERY PARTNERS, LP AT COST 657,512 672,192
    TEXAS REEXPLORATION, LTD. 03 AT COST 5,821 40,090
    TEXAS REEXPLORATION, LTD. 05 AT COST 214,308 214,634
    TEXAS REEXPLORATION, LTD. 07 AT COST 167,201 250,000
    BLACK STONE MINERALS CO, LP - FINAL IN 2015 AT COST 284,916 8,128,749
    ZARVONA FUND II-B LP CAPITAL AT COST 70,127 150,511
    SALIENT NATURAL RESOURCE FUND, L.P. AT COST 70,890 57,695

    TY 2015 LegalFeesSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 2,400 1,200   1,200


    TY 2015 OtherExpensesSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 29,400 14,700   14,700
    MEALS & ENTERTAINMENT 936 234   234
    TELEPHONE 5,996 1,799   4,197
    OFFICE ADMINISTRATION & SERVICES 20,645 6,193   14,451
    COMPUTER OPERATIONS 25,550 2,555   22,995
    DUES & SUBSCRIPTIONS 1,217 730   487


    TY 2015 OtherIncomeSchedule2
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PARTNERSHIP INCOME   -454,959  
    ROYALTY INCOME   609,113  
    PARTNERSHIP INCOME -2,332,558   -2,332,558


    TY 2015 OtherIncreasesSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Description Amount
    ADDITION TO NET ASSETS 10,016


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT EXPENSE 188,048 188,048   0


    TY 2015 TaxesSchedule
    Name:
    STRAKE FOUNDATION
    EIN:
    76-0041524
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE & PROPERTY TAXES 596 596   0
    FEDERAL EXCISE 103,743 0   0
    FOREIGN TAXES 7,498 7,498   0