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.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE CRAIN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)POST OFFICE BOX 2146
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LONGVIEW, TX75606
A Employer identification number

75-2698267
B Telephone number (see instructions)

(903) 758-8276
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$43,194,422J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,094 4,094  
4 Dividends and interest from securities... 732,621 732,621  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 1,211,178
b Gross sales price for all assets on line 6a 3,523,697
7 Capital gain net income (from Part IV, line 2)... 1,200,531
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 310,137 203,689  
12 Total. Add lines 1 through 11........ 2,258,030 2,140,935  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 5,500 5,500    
c Other professional fees (attach schedule).... Click to see attachment 57,019 57,019    
17 Interest............... 2,531 2,531    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 60,904 5,397    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 122,202 121,262    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 248,156 191,709   0
25 Contributions, gifts, grants paid....... 2,120,600 2,120,600
26 Total expenses and disbursements. Add lines 24 and 25 2,368,756 191,709   2,120,600
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -110,726
b Net investment income (if negative, enter -0-) 1,949,226
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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.............      
2 Savings and temporary cash investments......... 1,541,910 482,921 482,921
3 Accounts receivable bullet25,911
Less: allowance for doubtful accounts bullet   27,689 25,911 25,911
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)....... 12,126,108 Click to see attachment11,566,815 21,650,124
c Investments—corporate bonds (attach schedule)....... 11,934,242 Click to see attachment13,037,622 13,859,560
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,869,748 Click to see attachment7,272,482 7,175,906
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)   Click to see attachment3,220  
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,499,697 32,388,971 43,194,422
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 32,499,697 32,388,971
29 Total net assets or fund balances (see instructions)..... 32,499,697 32,388,971
30 Total liabilities and net assets/fund balances (see instructions). 32,499,697 32,388,971
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
32,499,697
2
Enter amount from Part I, line 27a .....................
2
-110,726
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
32,388,971
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
32,388,971
Form 990-PF (2020)
Form 990-PF (2020)
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 LOBATCO ST COVERED P 2020-01-01 2020-12-31
b LOBATCO LT COVERED P 2019-01-01 2020-12-31
c 8931.75 VANG TOTAL STK MKT INDEX INST P 2019-01-01 2020-12-21
d TB&T CAPITAL GAIN DISTRIBUTION P 2001-01-01 2020-12-31
e WELLS FARGO CAPITAL GAIN DISTRUBTION P 2001-01-01 2020-12-31
PARTNERSHIP ST CAP GAIN P 2020-01-01 2020-12-31
PARTNERSHIP LT CAP GAIN P 2001-01-01 2020-12-31
PSHIP 1256 LT PORTION P 2001-01-01 2020-12-31
PSHIP 1256 ST PORTION P 2020-01-01 2020-12-31
WELLS FARGO ST COVERED P 2020-01-01 2020-12-31
WELLS FARGO LT COVERED P 2019-01-01 2020-12-31
(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 32,017   31,611 406
b 1,921,173   1,532,112 389,061
c 839,138   256,410 582,728
d 120,435     120,435
e 292     292
22,874     22,874
259,787     259,787
    3,172 -3,172
    2,115 -2,115
54   52 2
317,280   487,047 -169,767
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       406
b       389,061
c       582,728
d       120,435
e       292
      22,874
      259,787
      -3,172
      -2,115
      2
      -169,767
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 1,200,531
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 21,167
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 27,094
c All other domestic foundations enter 1.39% 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 27,094
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 27,094
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a  
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 28,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 67
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 10 839
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet839 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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 2020 or the taxable year beginning in 2020? See the 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 (2020)
    Form 990-PF (2020)
    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 ofbulletTERRI DOWNING Telephone no.bullet (903) 758-8276

    Located atbullet222 E TYLERLONGVIEWTX ZIP+4bullet75601
    15
    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
    15
     
    16 At any time during calendar year 2020, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    STACI REYNOLDS Controller
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    ROGERS L CRAIN PRES/SEC/DIR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    B WALTER CRAIN III VP/DIRECTOR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    ANN LACY CRAIN II VP/DIRECTOR
    1.00     		0    
    712 MAIN STREET SUITE 3400
    HOUSTON,TX77002
    DARREN GROCE VP
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    TERRI DOWNING VP/TREASURER
    1.00     		0    
    222 E TYLER STREET
    LONGVIEW,TX75601
    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  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    32,171,191
    b
    Average of monthly cash balances.......................
    1b
    1,600,387
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,124,411
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,895,989
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    41,895,989
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    628,440
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    41,267,549
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,063,377
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,063,377
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    27,094
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    11,828
    c
    Add lines 2a and 2b............................
    2c
    38,922
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,024,455
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,024,455
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,024,455
    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
    2,120,600
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,120,600
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,120,600
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,024,455
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 83,067
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,120,600
    a Applied to 2019, but not more than line 2a 83,067
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,024,455
    e Remaining amount distributed out of corpus 13,078
    5 Excess distributions carryover applied to 2020.    
    (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 13,078
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		13,078
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 13,078
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 foundation 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:
    ANN LACY CRAIN
    P O BOX 2146
    LONGVIEW,TX75606
    (903) 758-8276
    bThe form in which applications should be submitted and information and materials they should include:
    EXPLANATION OF REQUESTING ORGANIZATION, PROPOSED AMOUNT AND USE, PROOF OF THEIR IRS EXEMPT STATUS (LETTER RULING) OR THAT THEY ARE A NON-PROFIT ORGANIZATION AND ARE EXEMPT FROM PAYING INCOME TAX.
    cAny submission deadlines:
    APPLICATIONS ARE ACCEPTED AT ANY TIME
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE MADE ONLY TO TAX-EXEMPT ORGANIZATIONS QUALIFYING AS SEC. 501(C)(3) ORGANIZATIONS OR SIMILAR EXEMPTION.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    AMAZING PLACE
    3735 DREXEL
    HOUSTON,TX77027     		NONE PC GENERAL CONTRIBUTION 2,000
    ARTSVIEW CHILDREN'S THEATRE
    313 W TYLER ST
    LONGVIEW,TX75601     		NONE PC FOR CHILDREN'S THEATER 1,000
    BAYLOR COLLEGE OF MEDICINE
    ONE BAYLOR PLAZA MSBCM 160
    HOUSTON,TX77030     		NONE PC MEDICAL RESEARCH 10,000
    BOY SCOUTS OF AMERICA
    1331 E FIFTH STREET
    TYLER,TX75701     		NONE PC CHILD ENRICHMENT 2,000
    BUFFALO BAYOU PARTNERSHIP
    1113 VINE STREET SUITE 200
    HOUSTON,TX77002     		NONE PC DEVELOPMENT OF BUFFALO BAYOU WATERFRONT 4,000
    CASA DE ESPERANZA DE LOS NINOS
    PO BOX 66581
    HOUSTON,TX77266     		NONE PC GENERAL OPERATIONS 2,000
    COLGATE UNIVERSITY
    13 OAK DRIVE
    HAMILTON,NY13346     		NONE PC FUNDING OF PRIVATE UNIVERSITY 20,000
    THE CRISMAN SCHOOL
    2455 N EASTMAN ROAD
    LONGVIEW,TX75605     		NONE PC EDUCATION OF INDIVIDUALS WITH DIAGNOSED LEARNING DIFFERENCE 7,500
    EAST TEXAS LITERACY COUNCIL
    PO BOX 311
    LONGVIEW,TX75606     		NONE PC PROMOTE READING FOR CHILDREN 3,000
    EPISCOPAL HIGH SCHOOL
    PO BOX 271299
    HOUSTON,TX77277     		NONE PC PRIVATE RELIGIOUS HIGH SCHOOL 386,000
    FIRST PRESBYTERIAN CHURCH
    301 N CENTER STREET
    LONGVIEW,TX75601     		NONE PC RELIGIOUS ORGANIZATION 40,000
    GLADEWATER VOLUNTEER FIRE DEPARTMEN
    511 S TYLER RD
    GLADEWATER,TX75647     		NONE PC PUBLIC SAFETY 250
    CHRISTUS GOOD SHEPHERD FOUNDATION
    700 E MARSHALL AVE
    LONGVIEW,TX75601     		NONE PC FOUNDATION FOR COMMUNITY HEALTH CLINIC 22,500
    GREATER LONGVIEW UNITED WAY
    PO BOX 411
    LONGVIEW,TX75606     		NONE PC VARIOUS COMMUNITY SERVICES 1,500
    HARLETON VOLUNTEER FIRE DEPARTMENT
    PO BOX 323
    HARLETON,TX75651     		NONE PC PUBLIC SAFETY 250
    HAVERTYS SALVATION ARMY ANGEL TREE
    313 TEALWOODO
    LONGVIEW,TX75605     		NONE PC CHRISTMAS GIFTS FOR CHILDREN 2,000
    HOUSTON MUSEUM OF NAT SCIENCES
    5555 HERMANN PARK DRIVE
    HOUSTON,TX77030     		NONE PC ANNUAL FUND 10,000
    HOUSTON SPCA
    900 PORTWAY DR
    HOUSTON,TX77024     		NONE PC FOR SAFETY OF ANIMALS 5,000
    JUDSON-METRO VOLUNTEER FIRE DEPARTM
    PO BOX 429
    JUDSON,TX75660     		NONE PC PUBLIC SAFETY 250
    KENYON COLLEGE
    DUFF STREET
    GAMBIER,OH43022     		NONE PC PRIVATE LIBERAL ARTS COLLEGE 15,000
    KIDLINKS FOUNDATION
    5485 BELT LINE RD STE 200
    DALLAS,TX75254     		NONE PC CHILD HEALTH & HEALING THROUGH MUSIC 500
    LONGVIEW COMMUNITY MINISTRIES
    PO BOX 1023
    LONGVIEW,TX75606     		NONE PC RELIGIOUS ORGANIZATION 10,125
    LONGVIEW SYMPHONY LEAGUE
    PO BOX 1825
    LONGVIEW,TX75606     		NONE PC PROMOTION OF CLASSICAL MUSIC 20,800
    LONGVIEW WORLD OF WONDERS
    112 E TYLER AVE
    LONGVIEW,TX75601     		NONE PC GENERAL - FOR YOUTH EDUCATION 60,000
    MD ANDERSON
    PO BOX 4464
    HOUSTON,TX77210     		NONE PC FOR CANCER RESEARCH 10,000
    MUSEUM OF FINE ARTS HOUSTON
    PO BOX 4606
    HOUSTON,TX77210     		NONE PC GENERAL CONTRIBUTION 5,000
    NEUHAUS EDUCATION CENTER
    4433 BISSONNET
    BELLAIRE,TX77401     		NONE PC PROMOTING YOUTH READING SUCCESS 35,000
    NEWGATE MISSION
    PO BOX 3891
    LONGVIEW,TX75606     		NONE PC FOR SOCIAL WORK SERVICES TO JOBLESS 5,500
    PANOLA COLLEGE FOUNDATION
    1109 W PANOLA
    CARTHAGE,TX75633     		NONE PC GENERAL CONTRIBUTION 25,000
    PRESBYTERIAN CAMPS AT GILMONT
    6075 STATE HWY 155N
    GILMER,TX75644     		NONE PC GENERAL SUPPORT 40,000
    RIVER OAKS BAPTIST SCHOOL
    2300 WILLOWICK
    HOUSTON,TX77027     		NONE PC FOR CHRISTIAN EDUCATION 31,000
    SABINE VOLUNTEER FIRE DEPARTMENT
    6144 GATEWAY CIRCLE
    KILGORE,TX75662     		NONE PC FOR PUBLIC SAFETY 250
    SALVATION ARMY OF HOUSTON THE
    1500 AUSTIN STREET
    HOUSTON,TX77002     		NONE PC GENERAL CONTRIBUTION 3,000
    SOUTHERN METHODIST UNIVERSITY
    PO BOX 750100
    DALLAS,TX75275     		NONE PC PRIVATE UNIVERSITY 16,000
    ST JOHN DIVINE EPISCOPAL CHURCH
    2450 RIVER OAKS BLVD
    HOUSTON,TX77019     		NONE PC FOR CHRISTIAN MINISTRY 25,000
    ST JOHN'S SCHOOL
    2401 CLAREMONT LANE
    HOUSTON,TX77019     		NONE PC FOR CHRISTIAN EDUCATION 41,000
    ST JUDE CHILDREN'S RESEARCH HOSPITA
    501 ST JUDE PLACE
    MEMPHIS,TN38105     		NONE PC MATCHING CONTRIBUTION 750
    TANGLEWOOD FOUNDATION
    5757 WOODWAY STE 160
    HOUSON,TX77057     		NONE PC NEIGHBORHOOD BEAUTIFICATION 1,000
    TEXAS CHILDRENS HOSPITAL INC
    PO BOX 840982
    DALLAS,TX75284     		NONE PC FOR CHILDREN'S MEDICAL CARE 25,000
    TEXAS SHAKESPEARE FESTIVAL
    PO BOX 2788
    KILGORE,TX75633     		NONE PC FOR HISTORICAL THEATRE PRODUCTION 2,500
    TEXAS SPECIAL CHILDRENS PROJECTS
    513 N FREDONIA ST
    LONGVIEW,TX75601     		NONE PC FOR CHILDREN'S PROGRAMS 250
    THE MENNINGER CLINIC
    12301 MAIN ST
    HOUSTON,TX77035     		NONE PC GENERAL CONTRIBUTION 5,000
    TIRR FOUNDATION
    4605 POST OAK PLACE SUITE 222
    HOUSTON,TX77027     		NONE PC FOR THE ADVANCEMENT OF MEDICAL TECHNOLOGY 20,000
    TRINITY PAWLING SCHOOL
    700 ROUTE 22
    PAWLING,NY12564     		NONE PC FOR BOYS BOARDING SCHOOL 1,000
    TRINITY SCHOOL OF TEXAS THE
    215 TEAGUE ST
    LONGVIEW,TX75601     		NONE PC FOR THE SPRING GALA 80,000
    UNIVERSITY OF TEXAS
    727 EAST DEAN KEETON ST
    AUSTIN,TX78705     		NONE PC TO FURTHER EDUCATION 30,000
    WASHINGTON LEE UNIVERSITY
    204 W WASHINGTON ST DVLPMNT BLDG
    LEXINGTON,VA24450     		NONE PC FOR HIGHER EDUCATION 100,000
    WHITE OAK VOLUNTEER FIRE DEPARTMENT
    PO BOX 336
    WHITE OAK,TX75693     		NONE PC FOR PUBLIC SAFETY 350
    WINDRIDGE THERAPEUTIC EQUESTRIAN CE
    PO BOX 5932
    LONGVIEW,TX75608     		NONE PC FOR EQUESTRIAN HEALTH 2,500
    WINONA VOLUNTEER FIRE DEPARTMENT
    1111 DALLAS STREET
    WINONA,TX75792     		NONE PC FOR PUBLIC SAFETY 250
    YELLOWSTONE ACADEMY
    3000 TRULLEY ST
    HOUSTON,TX77004     		NONE PC TO FURTHER EDUCATION FOR INNER CITY CHILDREN 10,000
    ZOOLOGICAL SOCIETY OF HOUSTON
    PO BOX 4759
    HOUSTON,TX77210     		NONE PC TO PROMOTE WILDLIFE CONSERVATION AND EDUCATION 18,000
    BO'S PLACE
    10050 BUFFALO SPEEDWAY
    HOUSTON,TX77054     		NONE PC GENERAL CONTRIBUTION 5,000
    CAMP FOR ALL FOUNDATION
    10500 NW FREEWAY STE 200
    HOUSTON,TX77092     		NONE PC SPECIAL NEEDS SUMMER CAMP 125,000
    DEPELCHIN CHILDREN'S CENTER
    4950 MEMORIAL DRIVE
    HOUSTON,TX77007     		NONE PC FOSTER CARE & ADOPTION AGENCY 5,000
    GREAT TEXAS BALLOON RACE
    410 N CENTER STREET
    LONGVIEW,TX75601     		NONE PC COMPETITIVE BALOON RACE 5,000
    HOUSTON APHASIA RECOVERY CENTER
    3701 BRIARPARK DIVE STE 310
    HOUSTON,TX77042     		NONE PC SUPPORTING INDIVIDUALS WITH APHASIA & CAREGIVERS 1,000
    MENNONITE DISASTER SERVICE
    583 AIRPORT ROAD
    LITITZ,PA17543     		NONE PC FOR DISASTER RELIEF 250
    NATIONAL ARCHIVES TRUST FUND
    700 PENNSYLVANIA AVENUE NW
    WASHINGTON DC,DC20408     		NONE PC US NATIONAL RECORD KEEPER 5,000
    THE PARISH SCHOOL
    11001 HAMMERLY BLVD
    HOUSTON,TX77043     		NONE PC CHILDREN SPECIAL NEEDS EDUCATION 1,000
    CRIME STOPPERS OF HOUSTON
    3001 MAIN ST
    HOUSTON,TX77002     		NONE PC LAW ENFORCEMENT 1,000
    EAST TEXAS OIL MUSEUM
    1100 BROADWAY BLVD
    KILGORE,TX75662     		NONE PC HISTORICAL PRESERVATION 10,000
    HOUSTON ARBORETUM NATURE CENTER
    4501 WOODWAY DRIVE
    HOUSTON,TX77024     		NONE PC 39TH ANNUAL ALFRESCO GALA 3,000
    TEXAS PARKS WILDLIFE - AUSTIN CHAPT
    4200 SMITH SCHOOL ROAD
    AUSTIN,TX78744     		NONE PC TO PROMOTE MANAGEMENT OF WILDLIFE 7,000
    AMERICAN HEART ASSOCIATION
    1125 JUDSON ROAD 150
    LONGVIEW,TX79601     		NONE PC FIGHT AGAINST HEART DISEASE 2,500
    ASBURY HOUSE
    320 S CENTER STREET
    LONGVIEW,TX75601     		NONE PC CHILD ENRICHMENT 7,500
    GOOD SHEPHERD EPISCOPAL CHURCH
    2525 OLD JACKSONVILLE HWY
    TYLER,TX75701     		NONE PC RELIGIOUS ORGANIZATION 25,000
    GREGG COUNTY HISTORICAL FOUNDATION
    PO BOX 3342
    LONGVIEW,TX75606     		NONE PC SPONSORSHIP FOR DALTON DAYS SHERIFF 23,000
    HIWAY 80 RESCUE MISSION
    3117 W MARSHALL AVE
    LONGVIEW,TX75604     		NONE PC SOCIAL SERVICES FOR HOMELESS 350
    RHODES COLLEGE
    2000 NORTH PARKWAY
    MEMPHIS,TN38112     		NONE PC FOR LIBERAL ARTS EDUCATION SERVICES 125,000
    LONGVIEW MUSEUM OF FINE ARTS
    215 E TYLER STREET
    LONGVIEW,TX75601     		NONE PC PROMOTION OF VISUAL ARTS 40,000
    BUCKNER CHILDREN'S HOMES
    700 N PEARL ST SUITE 1200
    DALLAS,TX75201     		NONE PC FAMILY & CHILD ADOPTION SERVICES 10,000
    CAMP ALLEN
    18800 FM 362
    NAVASOTA,TX77868     		NONE PC FOR EDUCATION AND CHRISTIAN CAMP CENTER 5,000
    LIFE HOUSTON
    2002 S WAYSIDE SUITE 113
    HOUSTON,TX77023     		NONE PC FOOD FOR BABIES & NUTRITION EDUCATION 1,000
    LORD OF THE STREETS EPISCOPAL CHURC
    3401 FANNIN ST
    HOUSTON,TX77004     		NONE PC RELIGIOUS ORGANIZATION 1,000
    BUCKNER INTERNATIONAL
    700 N PEARL ST SUITE 1200
    DALLAS,TX75201     		NONE PC GLOBAL MINISTRY IMPROVING LIVES 5,000
    DIANA VOLUNTEER FIRE DEPARTMENT
    10496 TX-154
    DIANA,TX75640     		NONE PC PUBLIC SAFETY 250
    LONGVIEW PAWS
    PO BOX 808
    LONGVIEW,TX75606     		NONE PC FOR PET RESCUE 625
    GLENWOOD CEMETERY
    2525 WASHINGTON AVENUE
    HOUSTON,TX77007     		NONE PC GENERAL CONTRIBUTION FOR CEMETARY 11,000
    GREENWOOD CEMETERY ASSOCIATION
    3020 OAK GROVE AVE
    DALLAS,TX75204     		NONE PC FOR CEMETARY 4,000
    HOUSTON PUBLIC MEDIA FOUNDATION
    4800 CALHOUN RD
    HOUSTON,TX77004     		NONE PC PUBLIC MEDIA AND NEWS BROADCASTING 5,000
    WALTER MAX MISCHER III RESEARCH FUN
    9 GREENWAY PLAZA SUITE 2900
    HOUSTON,TX77046     		NONE PC FOR NEUROBIOLOGICAL BASES OF ADDICTIVE DISORDERS RESEARCH 5,000
    COMMUNITIES IN SCHOOLS OF HOUSTON C
    1235 N LOOP W FWY
    HOUSTON,TX77008     		NONE PC YOUTH DROP OUT PREVENTION PROGRAM 5,000
    LETOURNEAU UNIVERSITY
    2100 S MOBBERLY AVENUE
    LONGVIEW,TX75602     		NONE PC PRIVATE UNIVERSITY 5,000
    RIVER OAKS CHAMBER ORCHESTRA
    1973 W GRAY ST 3
    HOUSTON,TX77019     		NONE PC TO PROMOTE CLASSICAL MUSIC 2,000
    BOYS AND GIRLS CLUB OF THE BIG PINE
    1500 POSITIVE PLACE
    MARSHALL,TX75670     		NONE PC CHILD ENRICHMENT 2,500
    CHRISTIAN COMMUNITY SERVICE CENTER
    3230 MERCER
    HOUSTON,TX77027     		NONE PC TO SERVE THE POOR, HUNGRY, DISABLED, AND OTHERWISE NEEDY. 45,000
    EAST MOUNTAIN VOLUNTEER FIRE DEPART
    107 MUNICIPAL DR
    LONGVIEW,TX75604     		NONE PC PUBLIC SAFETY 250
    HOUSTON BOTANIC GARDEN
    3701 KIRBY DR SUITE 992
    HOUSTON,TX77098     		NONE PC CONSERVING THE DIVERSITY OF PLANTS FROM HOUSTON AND AROUND THE WORLD. 2,000
    JUNIOR LEAGE OF LONGVIEW
    1109 FOURTH STREET
    LONGVIEW,TX75606     		NONE PC COMMUNITY INVOLVEMENT 5,000
    NEW MOUNTAIN VOLUNTEER FIRE DEPARTM
    9871 TX - 155N
    ORE CITY,TX75683     		NONE PC PUBLIC SAFETY 250
    PARENTING RESOURCE CENTER OF EAST T
    501 PINE TREE RD SUITE U14
    LONGVIEW,TX75604     		NONE PC GENERAL CONTRIBUTION 3,500
    THE CENTER FOR HEARING AND SPEECH
    3636 WEST DALLAS
    HOUSTON,TX77019     		NONE PC GENERAL CONTRIBUTION 1,000
    BROOKWOOD COMMUNITY
    17520FM 1489
    BROOKSHIRE,TX77423     		NONE PC TO PROVIDE ASSISTANCE TO ADULTS WITH SPECIAL NEEDS 1,000
    CHEEKWOOD BOTANICAL GARDEN MUSEUM
    1200 FORREST PARK DR
    NASHVILLE,TN37205     		NONE PC GENERAL SUPPORT 2,500
    CITIZENS FOR ANIMAL PROTECTION
    17555 KATY FWY
    HOUSTON,TX77094     		NONE PC GENERAL SUPPORT 5,000
    EAST TEXAS ALZHEIMER'S ALLIANCE
    911 W LOOP 281 STE 211-40
    LONGVIEW,TX75604     		NONE PC GENERAL SUPPORT 5,000
    ELDERVILLE VOLUNTEER FIRE DEPARTMEN
    8875 FM 2011 E
    LONGVIEW,TX75603     		NONE PC GENERAL SUPPORT 250
    FRIENDS OF THE LONGVIEW PUBLIC LIBR
    222 W COTTON ST
    LONGVIEW,TX75601     		NONE PC GENERAL SUPPORT 1,650
    HOPE FOR PETS RESCUE
    PO BOX 224
    GILMER,TX75644     		NONE PC GENERAL SUPPORT 2,000
    MEADOWS MUSEUM
    5900 BISHOP BLVD
    DALLAS,TX75205     		NONE PC GENERAL SUPPORT 5,000
    MEADOWS SCHOOL THE ARTS
    6101 BISHOP BLVD
    DALLAS,TX75275     		NONE PC GENERAL SUPPORT 5,000
    REMIND
    PO BOX 27607
    HOUSTON,TX77227     		NONE PC GENERAL SUPPORT 43,000
    RED ROCK HISTORICAL ASSOCIATION
    PO BOX 230
    GLADEWATER,TX75647     		NONE PC GENERAL SUPPORT 500
    SAFE HAVEN FAMILY SHELTER
    1234 3RD AVENUE SOUTH
    NASHVILLE,TN37210     		NONE PC GENERAL SUPPORT 3,000
    SECOND HARVEST FOOD BANK OF MIDDLE
    331 GREAT CIRCLE ROAD
    NASHVILLE,TN37228     		NONE PC GENERAL SUPPORT 3,000
    SMU COX SCHOOL OF BUSINESS
    6212 BISHOP BLVD
    DALLAS,TX75275     		NONE PC GENERAL SUPPORT 5,000
    THE SALVATION ARMY
    615 SLATERS LANE
    ALEXANDRIA,VA22314     		NONE PC GENERAL SUPPORT 10,000
    UNITY DIVERSITY COMMITTEE
    PO BOX 1952
    LONGVIEW,TX75606     		NONE PC GENERAL SUPPORT 350
    UT LAW SCHOOL FOUNDATION
    727 E DEAN KEETON ST
    AUSTIN,TX78705     		NONE PC GENERAL SUPPORT 1,000
    AMERICAN RED CROSS
    320 E RIECK RD
    TYLER,TX75703     		NONE PC GENERAL SUPPORT 5,000
    CORRIDOR RESCUE INC
    PO BOX 11936
    SPRING,TX77391     		NONE PC GENERAL SUPPORT 1,500
    DAYSTAR COUNSELING MINISTRIES INC
    2801 AZALEA PI
    NASHVILLE,TN37204     		NONE PC GENERAL SUPPORT 3,000
    FAMILY PROMISE OF LONGVIEW
    700 N EDITH ST
    LONGVIEW,TX75601     		NONE PC GENERAL SUPPORT 500
    HOUSTON METHODIST HOSPITAL FOUNDATI
    1707 SUNSET BLVD
    HOUSTON,TX77005     		NONE PC GENERAL SUPPORT 15,000
    MEMORIAL PARK CONSERVANCY INC
    7575 N PICNIC LN
    HOUSTON,TX77007     		NONE PC GENERAL SUPPORT 2,000
    NORTHEAST TEXAS HABITAT FOR HUMANIT
    905 MCCANN RD
    LONGVIEW,TX75601     		NONE PC GENERAL SUPPORT 60,000
    SILVER PAWS
    3537 GILMER RD
    LONGVIEW,TX75604     		NONE PC GENERAL SUPPORT 625
    SNOOTY GIGGLES DOG RESCUE
    POBOX 95 1057 THOMPSONS STATION RD
    THOMPSONS STATION,TN37179     		NONE PC GENERAL SUPPORT 3,000
    THE ARC OF GREGG COUNTY
    601 BOYD ST
    LONGVIEW,TX75601     		NONE PC GENERAL SUPPORT 1,500
    THE FAY SCHOOL
    105 N POST OAK LN
    HOUSTON,TX77024     		NONE PC GENERAL SUPPORT 1,000
    THE LAWRENCEVILLE SCHOOL
    2500 MAIN ST
    LAWRENCEVILLE,NJ08648     		NONE PC GENERAL SUPPORT 121,000
    THE ROSE
    12700 N FEATHERWOOD SUITE 260
    HOUSTON,TX77034     		NONE PC GENERAL SUPPORT 5,000
    ARTS LONGVIEW
    213 N FREDONIA ST SUITE 210
    LONGVIEW,TX75601     		NONE PC GENERAL SUPPORT 25,000
    BISHOP LYNCH HIGH SCHOOL
    9750 FERGUSON RD
    DALLAS,TX75228     		NONE PUBLIC GENERAL SUPPORT 2,000
    CHILDREN'S ADVOCACY CENTER-SMITH CO
    2210 FRANKSTON HWY
    TYLER,TX75701     		  PC GENERAL SUPPORT 500
    CITY OF CARTHAGE
    812 W PANOLA ST
    CARTHAGE,TX75633     		NONE PUBLIC FOR ALL-ABILITIES PLAYGROUND 25,000
    CONTEMPORARY ARTS MUSEUM
    5216 MONTROSE BOULEVARD
    HOUSTON,TX77006     		NONE PUBLIC GENERAL SUPPORT 5,000
    COVENANT HOUSE TEXAS
    1111 LOVETT BLVD
    HOUSTON,TX77006     		NONE PUBLIC GENERAL SUPPORT 2,000
    EAST TEXAS REAL MEN OUTFITTERS
    11445 COUNTY ROAD 177
    BULLARD,TX75757     		  PC GENERAL SUPPORT 500
    ETCADA
    2323 W FRONT ST
    TYLER,TX75712     		  PC GENERAL SUPPORT 1,000
    FRIENDS OF SWIM WITH GINA
    915 BERGSTROM PLACE
    MARSHALL,TX75672     		  PC GENERAL SUPPORT 2,000
    GENESIS WOMEN'S SHELTER SUPPORT
    4411 LEMMON AVENUE SUITE 201
    DALLAS,TX75219     		  PC GENERAL SUPPORT 3,000
    HOUSTON FOOD BANK
    535 PORTWALL ST
    HOUSTON,TX77029     		  PC GENERAL SUPPORT 10,000
    K9S FOR WARRIORS INC
    114 CAMP K9 ROAD
    PONTE VEDRA,FL32081     		  PC GENERAL SUPPORT 125
    KILGORE MIDDLE SCHOOL
    455 BAUGHMAN RD
    KILGORE,TX75662     		  PC GENERAL SUPPORT 500
    MAH ENRINCHMENT FOUNDATION IN LIBER
    348 SUMMERFIELD RD
    LONGVIEW,TX75605     		  PC GENERAL SUPPORT 500
    THE NASHVILLE FOOD PROJECT INC
    5904 CALIFORNIA AVE
    NASHVILLE,TN37209     		  PC GENERAL SUPPORT 3,000
    NASHVILLE ZOO
    3777 NOLENSVILLE PIKE
    NASHVILLE,TN37211     		  PC GENERAL SUPPORT 2,500
    NATURE CONSERVANCY OF TEXAS
    3801 KIRBY DRIVE SUITE 740
    HOUSTON,TX77098     		  PC GENERAL SUPPORT 10,000
    NEW DANVILLE
    10951 SHEPARD HILL RD
    WILLIS,TX77318     		  PC GENERAL SUPPORT 1,000
    NEXT STEP COMMUNITY SOLUTIONS
    305 S BROADWAY AVE
    TYLER,TX75702     		  PC GENERAL SUPPORT 1,000
    OPEN DOOR MISSION
    5803 HARRISBURG BLVD
    HOUSTON,TX77011     		  PC GENERAL SUPPORT 1,500
    REEL EAST TEXAS FILM FESTIVAL
    201 S KILGORE ST
    KILGORE,TX75662     		  PC GENERAL SUPPORT 2,500
    SEWANEE THE UNIVERSITY OF THE SOUTH
    735 UNIVERSITY AVE
    SEWANEE,TN37383     		  PC GENERAL SUPPORT 20,000
    SIMPLE BARE NECESSITIES
    5 THORNTREE
    LONGVIEW,TX75601     		  PC GENERAL SUPPORT 1,000
    THE MARTIN HOUSE CAC
    606 GARFIELD DR
    LONGVIEW,TX75602     		  PC GENERAL SUPPORT 2,500
    VITA LIVING INC
    3300 S GESSNER RD 150
    HOUSTON,TX77063     		  PC GENERAL SUPPORT 1,000
    WILL ERWIN HEADACHE RESEARCH FOUNDA
    609 MAIN STREET SUITE 2350
    HOUSTON,TX77002     		  PC GENERAL SUPPORT 5,000
    WISEMAN MINISTRIES
    734 S GREEN ST
    LONGVIEW,TX75602     		  PC GENERAL SUPPORT 100
    YELLOWSTONE FOREVER
    PO BOX 1857
    BOZEMAN,MT59771     		  PC GENERAL SUPPORT 10,000
    Total .................................bullet 3a 2,120,600
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,094  
    4 Dividends and interest from securities....     14 732,621  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		211110 10,647 18 1,200,531  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIP INCOME     		    14 8,898  
    bPARTNERSHIP RENTAL INCOME     14 -146  
    cPARTNERSHIP UBTI 211110 104,301      
    dROYALTY INCOME     15 194,937  
    eTAX EXEMPT INCOME     14 2,147  
    12 Subtotal. Add columns (b), (d), and (e).. 114,948 2,143,082  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,258,030
    (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 (2020)
    Form 990-PF (2020)
    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) (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) (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 instructions.
    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 (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,500 5,500 0 0

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    K-1 SEC 1231 ORD GAIN 2020-01 Purchase 2020-12   10,647   Cost   10,647 1

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BAIRD INTERMEDIATE BOND INST FD #70 13,037,622 13,859,560

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AMERICAN INTL GROUP INC (AIG) 36,659 1,972
    BP PLC SPONS ADR 135,000 67,306
    EXXON MOBIL CORP 107,750 164,880
    WEINGARTEN REALTY REIT 21,054 24,379
    VANGUARD TOTAL STOCK MARKET 8,486,295 18,296,647
    AMERICAN FDS EUROPACIFIC GWTH F3 456,137 557,006
    GOLDMAN SACHS INTL SM CAP INSIGHTS I 269,175 257,676
    HARDING LOEVNER INTL SM CO INSTL 178,075 231,809
    HARDING LOEVNER INTL EQ PORT #201 419,289 544,437
    ABBVIE INC 107,381 136,616
    BARON INTL GROWTH INSTL 450,000 455,732
    FIDELITY ADVISOR INTL CAP 450,000 457,779
    MFS INSTITUTIONAL INTERNATIONAL 450,000 453,885

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    GT REAL ASSETS, LP AT COST 27,686 28,219
    GT EMERGING MARKETS (QP), LP AT COST 245,205 245,189
    GT SPECIAL OPPORTUNITIES III, LP AT COST 138,297 135,090
    GT OFFSHORE FUND, LTD AT COST 1,554,473 1,826,910
    GT US QP FUND, LP AT COST 691,913 689,099
    GT INTL EQUITY QP FUND, LP AT COST 639,934 639,998
    BLACK STONE MINERALS LP (CU) AT COST 325,578 1,138,740
    PALLADIAN PARTNERS VIII, LP AT COST 90,490 91,487
    GT REAL ASSETS II, LP AT COST 55,937 58,574
    CLARION LION PROPERTIES FUND, LP AT COST 3,429,769 2,249,401
    PALLADIAN PARTNERS IX, LP AT COST 73,200 73,199

    TY 2020 OtherAssetsSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DISTRIBUTIONS RECEIVABLE   3,220  


    TY 2020 OtherExpensesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 9,387 9,387    
    MISCELLANEOUS 355 355    
    NON-DEDUCTIBLE EXPENSES 940      
    O&G COST DEPLETION 1,284 1,284    
    PARTNERSHIP OTHER DEDUCTIONS 290 290    
    PARTNERSHIP PORTFOLIO DEDUCTIONS 40,606 40,606    
    PARTNERSHIP ROYALTY DEDUCTIONS 69,340 69,340    


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INCOME 8,898 8,898  
    PARTNERSHIP RENTAL INCOME -146 -146  
    PARTNERSHIP UBTI 104,301    
    ROYALTY INCOME 194,937 194,937  
    TAX EXEMPT INCOME 2,147    


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 49,501 49,501 0 0
    LEGAL FEES 7,518 7,518 0 0


    TY 2020 TaxesSchedule
    Name:
    THE CRAIN FOUNDATION
    EIN:
    75-2698267
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX ON INVESTMENT INCOME 55,507      
    FOREIGN TAX EXPENSE 2,626 2,626    
    PARTNERSHIP FOREIGN TAX 2,771 2,771