TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

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

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

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 12-01-2015 , and ending 11-30-2016

Name of foundation
WOOD FAMILY MEMORIAL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)101 S MAIN ST - TRUST DEPARTMENT
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
VICTORIA, TX77901

A Employer identification number

74-6307476

B Telephone number (see instructions)

(361) 573-6321

C If exemption application is pending, check here bullet

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

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

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

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

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

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

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

$4,133,276J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

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


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check Sch. B .............
3	Interest on savings and temporary cash investments	19,273		19,273
4	Dividends and interest from securities...	27,123		27,123
5a	Gross rents............	12,840		12,840
b	Net rental income or (loss) 12,203
6a	Net gain or (loss) from sale of assets not on line 10		58,291
b	Gross sales price for all assets on line 6a 934,689
7	Capital gain net income (from Part IV, line 2)...			58,291
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).......
12	Total. Add lines 1 through 11........	117,527		117,527
13	Compensation of officers, directors, trustees, etc.	15,250		15,250
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........		780	780
b	Accounting fees (attach schedule).......		2,578	2,578
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		1,649	1,649
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		637	637
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	20,894		20,894	0
25	Contributions, gifts, grants paid.......	182,937			182,937
26	Total expenses and disbursements. Add lines 24 and 25	203,831		20,894	182,937
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-86,304
b	Net investment income (if negative, enter -0-)			96,633
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	382,696	614,502	616,178
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	406,415	150,000	144,959
	b	Investments—corporate stock (attach schedule).......	1,661,316	1,698,621	1,950,410
	c	Investments—corporate bonds (attach schedule).......	210,000	110,000	109,285
	11	Investments—land, buildings, and equipment: basis 243,659
		Less: accumulated depreciation (attach schedule)	243,659	243,659	1,266,870
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	5	5	45,574
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,904,091	2,816,787	4,133,276
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	2,904,091	2,816,787
	28	Paid-in or capital surplus, or land, bldg., and equipment fund
	29	Retained earnings, accumulated income, endowment, or other funds
	30	Total net assets or fund balances (see instructions).....	2,904,091	2,816,787
	31	Total liabilities and net assets/fund balances (see instructions).	2,904,091	2,816,787

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

2,904,091

Enter amount from Part I, line 27a .....................

-86,304

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

2,817,787

Decreases not included in line 2 (itemize) bullet

1,000

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

2,816,787

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	WELLS FARGO CO STEP UP 3.25%	P	2011-08-08	2016-08-12
b	3891.269 SH V/G GLOBAL EQUITY	P	2015-01-27	2016-07-21
c	100 SH CITIGROUP INC COM NEW	P	2016-06-21	2016-09-14
d	FEDERAL HOME LOAN BANK 3.00%	P	2012-12-20	2016-06-26
e	348.412 SH GOLDMAN SACHS SATELLITE S	P	2015-01-27	2016-07-21
	100 SH BAKER HUGHES INC	P	1987-05-15	2016-03-28
	FEDERAL HOME LOAN BANK 2.35%	P	2012-12-21	2016-07-19
	342.777 SH T ROWE PRICE REAL ESTATE	P	2015-01-06	2016-07-21
	.4 SH CHUBB CORP	P	2016-01-18	2016-01-27
	FEDERAL HOME LOAN BANK 1.40%	P	2015-02-24	2016-03-11
	320 SH AKAMAI TECHNOLOGIES	P	2015-10-02	2016-03-28
	FEDERAL FARM CREDIT BANK 3.20%	P	2013-07-18	2016-06-06
	305 SH DUPONT E I DENEMOURS	P	2012-04-12	2016-01-06
	CHUBB CORPORATION	P	2013-09-01	2015-12-01
	300 SH LOWES COMPANIES INC COM	P	2015-04-02	2016-03-28
	CASH IN LIEU - DANAHER CORP	P	2013-10-01	2016-07-13
	285 SH DISNEY (WALT) HOLDING CO	P	2012-04-12	2016-06-21
	CASH IN LIEU - CHUBB CORPORATION	P	2013-09-01	2016-01-26
	275 SH CERNER CORP	P	2015-04-02	2016-03-28
	CAPITAL GAIN DISTRIBUTIONS	P
	250 SH EXPRESS SCRIPTS HLDG CO	P	2014-06-13	2016-06-21
	ACE/CHUBB MERGER	P		2016-01-20
	240 SH CEF ENERGY SELECT SPDR	P	2016-01-06	2016-03-28
	600 SH KROGER CO	P	2015-04-02	2016-09-14
	23.874 SH V/G SMALL CAP INDEX - ADM	P	2015-01-06	2016-07-21
	60 SH THERMO FISHER SCIENTIFIC INC	P	2010-12-20	2016-06-21
	175 SH GILEAD SCIENCES INC	P	2015-04-02	2016-03-28
	48.433 SH ARTISAN SMALL CAP INVESTOR	P	2015-01-06	2016-07-21
	150 SH BOEING COMPANY	P	2014-06-13	2016-03-28
	446 SH VERIZON COMMUNICATIONS	P	2012-02-01	2016-06-21
	15 SH THE PRICELINE GROUP INC	P	2015-04-02	2016-03-28
	400 SH CITIGROUP INC COM NEW	P	2015-09-01	2016-09-14
	100 SH UNITED HEALTH GROUP INC	P	2012-12-27	2016-03-28

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	100,000	100,000
b	95,103	94,612	491
c	4,679	4,285	394
d	100,000	100,893	-893
e	2,742	2,801	-59
	4,421	2,058	2,363
	45,000	45,000
	10,465	9,440	1,025
	44	45	-1
	125,000	125,000
	17,642	22,250	-4,608
	100,000	95,420	4,580
	19,236	15,232	4,004
	13,188		13,188
	22,488	22,499	-11
	1		1
	28,095	12,064	16,031
	5		5
	14,218	20,052	-5,834
	13,815		13,815
	18,578	17,912	666
	3,803	3,803
	14,773	14,059	714
	18,439	23,192	-4,753
	1,373	1,292	81
	8,919	3,323	5,596
	16,438	17,300	-862
	1,375	1,365	10
	19,738	19,829	-91
	24,088	19,335	4,753
	19,380	17,419	1,961
	18,714	20,496	-1,782
	12,929	5,422	7,507

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			491
c			394
d			-893
e			-59
			2,363

			1,025
			-1

			-4,608
			4,580
			4,004
			13,188
			-11
			1
			16,031
			5
			-5,834
			13,815
			666

			714
			-4,753
			81
			5,596
			-862
			10
			-91
			4,753
			1,961
			-1,782
			7,507

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	58,291
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	5,568

Part V

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

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

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

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

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

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	188,962	3,707,577	0.050966
2013	185,145	3,776,525	0.049025
2012	174,721	3,667,907	0.047635
2011	190,905	3,609,743	0.052886
2010	192,579	3,822,533	0.050380

Total of line 1, column (d) .....................

20.250892

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 . . .

0.050178

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

4,125,683

Multiply line 4 by line 3......................

207,019

Enter 1% of net investment income (1% of Part I, line 27b)...........

966

Add lines 5 and 6........................

207,985

Enter qualifying distributions from Part XII, line 4.............

182,937

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)

Page 4

Part VI

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

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	1,933
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,933
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	1,933
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	1,158
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	2,000
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	3,158
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8	22
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	1,203
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax1,203	Refunded	11

Part VII-A

Statements Regarding Activities

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

Yes

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

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

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

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

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

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

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

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

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

on foundation managers. bullet

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

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

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

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

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

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

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

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

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

By language in the governing instrument, or

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

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

Yes

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

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

Yes

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

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

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

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.............................

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

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

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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

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

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

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

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

Yes

Website address bullet

N/A

The books are in care of bullet

PROSPERITY BANK Telephone no. bullet

(361) 573-6321

Located at bullet

101 S MAIN STVICTORIATX ZIP+4 bullet

77901

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

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

16 At any time during calendar year 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

that were not corrected before the first day of the tax year beginning in 2015?.............

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

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

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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

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

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

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

20, 20, 20, 20

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

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

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

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

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

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Form 990-PF (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
PROSPERITY BANK	TRUSTEE 1.00	15,250	0	0
101 S MAIN ST VICTORIA,TX77901	TRUSTEE 1.00	15,250	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









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

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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

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

purposes:

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

2,310,429

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

565,638

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

1,312,444

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

4,188,511

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

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

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

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

4,188,511

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

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

62,828

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

4,125,683

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

206,284

Part XI

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

and do not complete this part.)

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

206,284

Tax on investment income for 2015 from Part VI, line 5......

1,933

Income tax for 2015. (This does not include the tax from Part VI.)...

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

1,933

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

204,351

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

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

204,351

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

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

204,351

Part XII

Qualifying Distributions (see instructions)

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

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

182,937

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

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

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

Amounts set aside for specific charitable projects that satisfy the:

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

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

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

182,937

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

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

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

182,937

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7			204,351
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
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......	8,467
fTotal of lines 3a through e........		8,467
4Qualifying distributions for 2015 from Part
XII, line 4: $ 182,937
a Applied to 2014, but not more than line 2a
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.....			182,937
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.		8,467	8,467
(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 ..........			12,947
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)

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

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total

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

Part XV

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

1Information Regarding Foundation Managers:

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

NONE

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.

NONE

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

Check here bullet

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

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

WOOD FAMILY MEMORIAL TRUST
PROSPERITY BANK 101 S MAIN ST
VICTORIA,TX77901
(361) 573-6321

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

REQUEST APPLICATION FORM AND QUALIFICATION REQUIREMENTS.

cAny submission deadlines:

NONE

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

NONE

Form 990-PF (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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
AFFECTIONATE ARMS PO BOX 7604 VICTORIA,TX77903	NONE	PC	OPERATIONAL EXPENSES	3,500
BOYS & GIRLS CLUB OF VICTORIA PO BOX 2565 VICTORIA,TX77902	NONE	PC	CURRENT PROGRAM ENHANCEMENTS	5,000
CHILDREN'S DISCOVERY MUSEUM PO BOX 3781 VICTORIA,TX77903	NONE	PC	UNRESTRICTED FUNDS	22,000
FOSTER PARENTS OF VICTORIA P O BOX 1593 VICTORIA,TX77902	NONE	PC	GENERAL OPERATING FUNDS	3,500
GOLDEN CRESCENT HABITAT FOR HUMANIT PO BOX 1357 VICTORIA,TX77902	NONE	PC	TRUCK UPGRADE, OFFICE EQUIPMENT	6,100
GULF BEND CENTER 6502 NURSERY DR STE 100 VICTORIA,TX77904	NONE	PC	PURCHASE COMPUTER HARDWARE	10,000
NAZARETH ACADEMY 206 W CONVENT ST VICTORIA,TX77901	NONE	PC	PURCHASE 8 COMPUTERS	5,000
SAN ANTONIO BAY PARTNERSHIP 405 W POWER AVE VICTORIA,TX77901	NONE	PC	ESTUARY EDUCATION WEEK	3,000
SPECIAL OLYMPICS TEXAS 1804 RUTHERFORD LN AUSTIN,TX78752	NONE	PC	TRAINING AND COMPETITION EXPENSES	5,000
THE RIDING THERAPY CENTER PO BOX 462 NURSERY,TX77976	NONE	PC	COVERED ARENA PAVILION PROJECT	4,000
UNIVERSITY OF HOUSTON-VICTORIA 3007 N BEN WILSON VICTORIA,TX77901	NONE	NC	CURRENT YEAR SCHOLARSHIPS	10,000
VICTORIA ART LEAGUE PO BOX 5011 VICTORIA,TX77903	NONE	PC	STRUCTURAL IMPROVEMENTS	2,000
VICTORIA COLLEGE 2200 E RED RIVER VICTORIA,TX77901	NONE	NC	ENDOWMENT SCHOLARSHIP	30,000
VICTORIA COLLEGE 2200 E RED RIVER VICTORIA,TX77901	NONE	NC	FUND SCHOLARSHIPS	10,000
VICTORIA COUNTY SENIOR CITIZENS P O BOX 1433 VICTORIA,TX77902	NONE	PC	FOOD AND FUEL EXPENSES	15,000
YMCA OF THE GOLDEN CRESCENT CALHOUN 1300 N VIRGINIA PORT LAVACA,TX77979	NONE	PC	PLAYGROUND AT NEW LOCATION	10,000
ALZHEIMERS ASSOCIATION 7400 LOUIS PASTEUR DR 200 SAN ANTONIO,TX78229	NONE	PC	UNDERWRITE EDUCATIONAL SYMPOSIUM	1,500
HOPE CHILD ADVOCACY CENTER PO BOX 3651 VICTORIA,TX77903	NONE	PC	OPERATIONAL COSTS	5,000
CALHOUN FFA BOOSTER CLUB 201 SANDCRAB BLVD PORT LAVACA,TX77979	NONE	PC	PURCHASE CATTLE PENS FOR STOCK SHOW	2,000
COMMUNITY ACTION COMMITTEE OF VICTO PO BOX 3607 VICTORIA,TX77903	NONE	PC	KITCHEN AT NEW LOCATION	2,500
SALVATION ARMY PO BOX 3045 VICTORIA,TX77903	NONE	PC	OPERATIONAL AND PROGRAM SERVICES	5,000
YMCA OF THE GOLDEN CRESCENT 1806 N NIMITZ VICTORIA,TX77901	NONE	PC	UNRESTRICTED FUNDS	22,837
Total ................................. 3a				182,937

bApproved for future payment

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

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	19,273
4 Dividends and interest from securities....			14	27,123
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	12,203
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	58,291
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory..
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				116,890

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

13116,890

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

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2015)

Page 13

Part XVII

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

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

Yes

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

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

1a(1)

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

1a(2)

Other transactions:

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

1b(1)

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

1b(2)

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

1b(3)

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

1b(4)

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

1b(5)

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

1b(6)

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

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

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

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

If "Yes," complete the following schedule.

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

Sign Here

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

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

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2015 AccountingFeesSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
HARRISON, WALDROP & UHEREK, LLP	2,578	2,578

- TIN:

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

TY 2015 GainLossSaleOtherAssetsSch

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
ORCHARD CULTURAL ED 3.688%	2010-07	PURCHASE	2016-11		40,000	40,000

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Name of Bond	End of Year Book Value	End of Year Fair Market Value
PEPSICO INC 2.25% DUE 1/7/19	35,000	35,457
WELLS FARGO CO 3.25% DUE 8/12/23
WELLS FARGO CO 2.5% DUE 6/29/17	75,000	73,828

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AFFILIATED MANAGERS GR - 120 SHARES	27,524	23,696
AKAMAI TECHNOLOGIES INC - 320 SHARES
ALLERGAN PLC	16,744	11,658
ALPHABET INC - A CLASS	5,501	15,518
ALPHABET INC - C CLASS	17,647	30,322
AMERIPRISE FINL INC - 150 SHARES	24,433	22,842
APPLE INC - 310 SHARES	29,840	34,261
ARTISAN SMALL CAP INVESTOR	120,162	118,829
AVAGO TECHNOLOGIES LET - 200 SHARES
BAKER HUGHES - 535 SHARES	11,012	34,417
BERKSHIRE HATHAWAY INC - 160 SH	16,618	25,190
BOEING COMPANY - 150 SHARES
BROADCOM LTD - 200 SHARES	24,680	34,098
CELGENE CORPORATION - 260 SHARES	7,167	30,813
CERNER CORP - 275 SHARES
CHIPOTLE MEXICAN GRILL INC - 55 SH	29,493	21,798
CHUBB CORP - 182 SHARES	20,506	23,296
CITIGROUP INC COM NEW - 400 SH
COSTCO WHOLESALE CORPORATION -190 SH	21,722	28,521
DANAHER CORP - 305 SHARES	8,857	23,842
DENTSPLY SIRONA INC - 325 SHARES	19,580	18,908
DISNEY (WALT) COMPANY HOLDING - 285
DODGE & COX INCOME	107,137	98,134
DOLLAR GENERAL CORP - 250 SHARES	21,424	19,330
DOMINION RES INC VA - 250 SHARES	15,956	18,323
DUPONT E I NEMOURS - 305 SHARES
ECOLAB INC - 210 SHARES	23,486	24,513
EOG RESOURCES INC - 200 SHARES	18,509	20,504
EXPRESS SCRIPTS HLDG CO - 250 SHARES
EXXONMOBIL CORP - 190 SHARES	11,544	16,587
FACEBOOK - 320 SHARES	26,162	37,894
FEDEX CORP COM 180 SHARES	16,258	34,501
FMI INTERNATIONAL	91,796	94,931
FORTIVE CORP - 402 SHARES	15,401	22,106
GENERAL ELECTRIC COMPANY -1140 SHARE	28,738	35,066
GILEAD SCIENCES INC - 175 SHARES
GOLDMAN SACHS SATELLITE STRATEGIES	94,985	90,193
GOOGLE INC CL A - 20 SHARES
GOOGLE INC CL C - 40 SHARES
HASBRO INC ISIN US - 220 SHARES	19,060	18,786
HESS CORPORATION - 330 SHARES	16,894	18,467
HOME DEPOT INC - 165 SHARES	21,689	21,351
J P MORGAN CHASE & COMPANY - 425 SH	17,438	34,072
KRAFT HEINZ CO - 265 SHARES	23,242	21,637
KROGER CO - 600 SHARES
LOWES COMPANIES INC COM - 300 SHARES
MEDTRONIC PLC - 277 SHARES	20,602	20,224
MICROSOFT CORP(WASHINGTON)-140 SH	3,917	8,436
NIKE INC CL B - 340 SHARES	16,961	17,024
NORTHROP GRUMMAN CORP - 95 SHARES	18,523	23,717
ORACLE CORPORATION - 1,275 SHARES	26,456	51,242
PENTAIR PLC - 305 SHARES	18,858	17,525
PEPSICO INC - 280 SHARES	9,456	28,028
PNC FINANCIAL SRVICES GRP INC-285 SH	17,964	31,504
PRAXAIR INC - 215 SHARES	24,108	25,865
RAYTHEON COMPANY - 140 SHARES	17,254	20,936
SALESFORCE.COM INC - 300 SHARES	20,049	21,600
SCHLUMBERGER LTD - 225 SHARES	24,324	18,911
STARBUCKS CORPORATION - 400 SHARES	18,910	23,188
T ROWE PRICE REAL ESTATE	53,891	53,114
THE PRICELINE GROUP INC - 15 SHARES
THERMO FISHER - 160 SHARES	10,906	22,418
TJX COMPANIES INC - 275 SHARES	19,109	21,543
UNION PACIFIC CORP - 180 SHARES	14,236	18,239
UNITED HEALTH GROUP - 200 SHARES	10,844	31,664
V/G GLOBAL EQUITY FUND 129
V/G MID CAP GROWTH	191,483	176,395
V/G SMALL CAP INDEX - ADM CL	57,103	61,602
VERIZON COMMUNICATIONS - 446 SH
VICTORY TRIVALENT INTL SMALL CAP I	61,248	57,808
VISA INC - 350 SHARES	22,893	27,062
WALGREEN BOOTS ALLIANCE INC - 260 SH	22,349	22,030
WELLS FARGO & COMPANY - 490 SHARES	25,972	25,931

- TIN:

TY 2015 InvestmentsGovtObligationsSch

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

US Government Securities - End of Year Book Value:

150,000

US Government Securities - End of Year Fair Market Value:

144,959

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

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

- TIN:

TY 2015 InvestmentsLandSchedule2

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
LAND	243,659		243,659	1,266,870

- TIN:

TY 2015 LegalFeesSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INDIRECT LEGAL FEES	780	780

- TIN:

TY 2015 OtherAssetsSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
MINERALS	5	5	45,574

- TIN:

TY 2015 OtherDecreasesSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Description	Amount
2015 ESTIMATED TAX PAYMENTS	1,000

- TIN:

TY 2015 OtherExpensesSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
RENT 1
RENTAL EXPENSES	637	637

- TIN:

TY 2015 TaxesSchedule

Name:

WOOD FAMILY MEMORIAL TRUST

EIN:

74-6307476

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
AD VALOREM TAXES	1,649	1,649