Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
CH FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)6102 82ND STREET 8A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LUBBOCK, TX79424
A Employer identification number

75-1534816
B Telephone number (see instructions)

(806) 792-0448
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$265,277,182J 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 17,308 17,308  
4 Dividends and interest from securities... 4,539,735 4,539,735  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 12,275,886
b Gross sales price for all assets on line 6a 48,700,416
7 Capital gain net income (from Part IV, line 2)... 12,275,886
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 5,096,390 5,096,390  
12 Total. Add lines 1 through 11........ 21,929,319 21,929,319  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 328,032 32,803   295,229
14 Other employee salaries and wages...... 3,885 389   3,497
15 Pension plans, employee benefits....... 24,627 2,463   22,164
16a Legal fees (attach schedule)......... Click to see attachment 4,767 477   4,290
b Accounting fees (attach schedule)....... Click to see attachment 11,900 1,190   10,710
c Other professional fees (attach schedule).... Click to see attachment 940,567 938,182   2,385
17 Interest............... 533,120 533,120    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 935,201 706,201    
19 Depreciation (attach schedule) and depletion... Click to see attachment 762,658 746,847  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 12,207 1,221   10,986
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 113,158 24,128   89,030
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,670,122 2,987,021   438,291
25 Contributions, gifts, grants paid....... 10,905,615 10,905,615
26 Total expenses and disbursements. Add lines 24 and 25 14,575,737 2,987,021   11,343,906
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 7,353,582
b Net investment income (if negative, enter -0-) 18,942,298
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 825,658 627,963 627,953
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 166,671,348 Click to see attachment174,326,445 222,394,052
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet12,853,896
Less: accumulated depreciation (attach schedule) bullet12,498,990 317,322 Click to see attachment354,906 12,853,896
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet828,589
Less: accumulated depreciation (attach schedule) bullet173,454 670,949 Click to see attachment655,135 828,589
15 Other assets (describe bullet) Click to see attachment29,290,913 Click to see attachment28,572,692 Click to see attachment28,572,692
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 197,776,190 204,537,141 265,277,182
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) Click to see attachment29,635,635 Click to see attachment28,296,157
23 Total liabilities (add lines 17 through 22)......... 29,635,635 28,296,157
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 168,140,555 176,240,984
29 Total net assets or fund balances (see instructions)..... 168,140,555 176,240,984
30 Total liabilities and net assets/fund balances (see instructions). 197,776,190 204,537,141
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
168,140,555
2
Enter amount from Part I, line 27a .....................
2
7,353,582
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
746,847
4
Add lines 1, 2, and 3 ..........................
4
176,240,984
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
176,240,984
Form 990-PF (2021)
Form 990-PF (2021)
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 JP MORGAN 2008 P    
b JP MORGAN 2008 P    
c JP MORGAN 2008 P    
d JP MORGAN 3006 P    
e JP MORGAN 3006 P    
JP MORGAN 3006 P    
TECHAPT01 P    
(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 12,045,818   11,899,183 146,635
b 38,379   39,581 -1,202
c 26,861,295   21,152,371 5,708,924
d 1,247,454   882,245 365,209
e 3,032,370   2,203,449 828,921
3     3
    247,701 -247,701
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       146,635
b       -1,202
c       5,708,924
d       365,209
e       828,921
      3
      -247,701
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 12,275,886
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 3 510,642
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 263,298
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- ..... 5 263,298
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 222,412
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 272,412
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 562
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 8,552
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet8,552 RefundedBullet 11  
Part VI-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
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CHFOUNDATIONLUBBOCK.COM
    14
    The books are in care ofbulletCHERYL SANFORD Telephone no.bullet (806) 792-0448

    Located atbullet6102 82ND STREET SUITE 8ALUBBOCKTX ZIP+4bullet79424
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    KAY SANFORD TRUSTEE
    000.00     		2,000 0 0
    4708 21ST ST
    LUBBOCK,TX79407
    KEVIN G MCMAHON PRESIDENT/TR
    000.00     		2,000 0 0
    4001 110TH ST
    LUBBOCK,TX79424
    KATHY GILBREATH TRUSTEE/VP
    000.00     		2,000 0 0
    4603 5TH STREET
    LUBBOCK,TX79416
    MARK GRIFFIN TRUSTEE
    000.00     		2,000 0 0
    PO BOX 10128
    LUBBOCK,TX79408
    SUZANNE BLAKE TRUSTEE
    000.00     		2,000 0 0
    2001 BROADWAY
    LUBBOCK,TX79401
    SANDY OGLETREE EXECTIVE DIR
    000.00     		139,832 0 0
    24 BRENTWOOD CIRCLE
    LUBBOCK,TX79407
    CHERYL SANFORD CFO/TREASURE
    000.00     		89,100 0 0
    4603 17TH ST
    LUBBOCK,TX79416
    HEATHER HOCKER GRANT ADMIN/
    000.00     		89,100 0 0
    4603 8TH ST
    LUBBOCK,TX79416
    KIMBERLY WILKERSON TRUSTEE
    000.00     		0 0 0
    4701 19TH ST
    LUBBOCK,TX79407
    DAVID ALDERSON TRUSTEE
    000.00     		0 0 0
    212 WENNMOHS PLACE
    HORSESHOE BAY,TX78657
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    211,061,041
    b
    Average of monthly cash balances.......................
    1b
    5,078,221
    c
    Fair market value of all other assets (see instructions)................
    1c
    13,177,028
    d
    Total (add lines 1a, b, and c).........................
    1d
    229,316,290
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    229,316,290
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,439,744
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    225,876,546
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    11,293,827
    Part X
    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 IX, line 6..................
    1
    11,293,827
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    263,298
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    263,298
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    11,030,529
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    11,030,529
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    11,030,529
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 11,030,529
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 267,926
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,343,906
    a Applied to 2020, but not more than line 2a 267,926
    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 2021 distributable amount..... 11,030,529
    e Remaining amount distributed out of corpus 45,451
    5 Excess distributions carryover applied to 2021.    
    (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 45,451
    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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		45,451
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 45,451
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    HEATHER HOCKER
    6102 82ND STREET SUITE 8A
    LUBBOCK,TX79424
    (806) 792-0448
    bThe form in which applications should be submitted and information and materials they should include:
    6
    cAny submission deadlines:
    MAY 1ST OF EACH YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS ARE GENERALLY RESTRICTED TO ORGANIZATIONS WHOSE SERVICES BENEFIT THE SOUTH PLAINS AREA OF TEXAS.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    BALLET LUBBOCK
    1300 MAC DAVIS LANE SUIT
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR NUTCRACKER 51,000
    BALLET LUBBOCK
    1300 MAC DAVIS LANE SUIT
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR SCHOLARSHIPS 25,000
    BALLET LUBBOCK
    1300 MAC DAVIS LANE SUIT
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR INSTRUCTORS 20,000
    BALLET LUBBOCK
    1300 MAC DAVIS LANE SUIT
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR CINDERELLA 20,000
    CHARLES ADAMS STUDIO PROJECT
    602 AVE J
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR ARTS FELLOW 10,000
    CHARLES ADAMS STUDIO PROJECT
    602 AVE J
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR METALS STUDIO AND FOUNDR 10,000
    FLATLANDS DANCE THEATRE
    P O BOX 93001
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR PRODUCTION SEASON 3,000
    LEVELLAND WALLACE THEATER
    P O BOX 1398
    LEVELLAND,TX79336     		NONE PAID SUPPORT FOR HVAC SYSTEM/RENOVATIONS 200,000
    LHUCA
    511 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR INFRASTRUCTURE IMPROVEME 69,400
    LHUCA
    511 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR PUBLIC PROGRAMMING 36,500
    LHUCA
    511 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR PROGRAMS MANAGER 25,000
    LUBBOCK ARTS ALLIANCE
    P O BOX 5092
    LUBBOCK,TX79408     		NONE PAID SUPPORT FOR 44TH LUBBOCK ARTS FESTIV 42,000
    LUBBOCK ARTS ALLIANCE
    P O BOX 5092
    LUBBOCK,TX79408     		NONE PAID SUPPORT FOR ARTADVENTURES EDUCATIO 20,000
    LUBBOCK CHORALE
    5815 82ND STREET SUITE 1
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR CONCERT SEASON 30,000
    LUBBOCK ENTERTAINMENT AND PERFORMIN
    1500 BROADWAY SUITE 902
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR OPERATING FUNDS 493,000
    LUBBOCK ENTERTAINMENT AND PERFORMIN
    1500 BROADWAY SUITE 902
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR BUDDY HOLLY HALL 2,000,000
    LUBBOCK EXPERIENCE
    1500 BROADWAY SIXTH FLOO
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR CULTURAL ARTS 75,000
    LUBBOCK MOONLIGHT MUSICALS
    P O BOX 93522
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR ROYALITIES AND MARKETING 50,000
    LUBBOCK SYMPHONY GUILD
    P O BOX 6505
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR LUBBOCK TASO CONFERENCE 7,000
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR MASTERWORKS AND POPS CON 70,394
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR EDUCATION AND FAMILY CON 60,125
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR BOYZ II MEN CONCERT 25,000
    LUBBOCK SYMPHONY ORCHESTRA
    601 AVENUE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT SOUND CONCERT & CHAMBER OUT 15,600
    MUSEUM OF TEXAS TECH ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR MUSEUM SHOP UPGRADES 6,100
    MUSEUM OF TEXAS TECH ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR TEMPORARY EXHIBITS PROGR 22,500
    MUSEUM OF TEXAS TECH ASSOCIATION
    BOX 43191
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR AUDIO/VIDEO EQUIPMENT FO 7,100
    NATIONAL COWBOY SYMPOSIUM
    5612 CR 1440
    LUBBOCK,TX79407     		NONE PAID SUPPORT FOR THE 33RD COWBOY SYMPOSIU 18,000
    SILENT WINGS MUSEUM
    6202 N I-27
    LUBBOCK,TX79403     		NONE PAID SUPPORT FOR D-DAY COMMEMORATION 16,000
    SILENT WINGS MUSEUM
    6202 N I-27
    LUBBOCK,TX79403     		NONE PAID SUPPORT FOR COLLECTIONS CARE AND PRE 9,000
    TEXAS CULTURAL TRUST
    901 S MOPAC EXPRESSWAY
    AUSTIN,TX78746     		NONE PAID SUPPORT FOR ART CAN PROJECT 25,000
    WEST TEXAS CHILDREN'S CHORUS
    P O BOX 93351
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR CHERRY BLOSSOM TV VIDEO 8,000
    WEST TEXAS CHILDREN'S CHORUS
    P O BOX 93351
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR THE 2022 CHERRY BLOSSOM 30,000
    WEST TEXAS CHILDREN'S CHORUS
    P O BOX 93351
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR SEASON 15,000
    YOUTH ORCHESTRAS OF LUBBOCK
    P O BOX 64036
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR FACILITIES AND ARTISTIC 10,000
    CITY OF LUBBOCK
    1314 AVE K
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR DOWNTOWN CITY PARK 500,000
    ASSOCIATION OF FUNDRAISING PROFESSI
    P O BOX 65607
    LUBBOCK,TX79464     		NONE PAID SUPPORT FOR 2021 PHILANTHROPY CONFER 3,000
    EDUCATE TEXASPHILANTHROPY ADVOCATE
    5500 CARUTH HAVEN LANE
    DALLAS,TX75225     		NONE PAID ANNUAL GRANT 5,000
    FRIENDS OF THE LUBBOCK PUBLIC LIBRA
    1306 9TH STREET
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR AUDIO AND E-BOOKS 20,000
    LUBBOCK INDEPENDENT SCHOOL DISTRICT
    1628 19TH STREET
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR LISD SUPERINTENDENT SCHO 5,000
    LUBBOCK INDEPENDENT SCHOOL DISTRICT
    1628 19TH STREET
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR INDEPENDENCE DAY PARADE 82,500
    SOUTH PLAINS CLOSING THE GAPS P-20
    P O BOX 41071
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR SCHOLARSHIPS 50,000
    TEXAS INTERSCHOLASTIC LEAGUE FOUNDA
    P O BOX 151027
    AUSTIN,TX78746     		NONE PAID SUPPORT FOR TILF SCHOLARSHIPS 63,750
    INSIDE OUT FOUNDATION
    4630 50TH STREET SUITE 5
    LUBBOCK,TX79414     		NONE PAID SUPPORT FOR THE AESTHETICS PROGRAM 15,000
    TEXAS SCOTTISH RITE HOSPITAL FOR CH
    2222 WELBORN STREET
    DALLAS,TX75219     		NONE PAID SUPPORT FOR PATIENT CARE 15,000
    BROWNFIELD SENIOR CITIZENS CENTER
    1201 TAHOKA ROAD
    BROWNFIELD,TX79316     		NONE PAID SUPPORT FOR FOOD AND OPERATING FUNDS 15,000
    CAPROCK AMBUCS
    P O BOX 93871
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR AMTRYKES 10,000
    COMMUNITY FOUNDATION OF WEST TEXAS
    6102 82ND STREET 8B
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR 2022 GIVING TUESDAY WEST 15,000
    COMMUNITY FOUNDATION OF WEST TEXAS
    6102 82ND STREET 8B
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR FUNDING INFORMATION LIBR 2,995
    EASY R EQUINE RESCUE
    3531 152ND STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR TRAINING AND OUTREACH 7,500
    HIGH POINT VILLAGE
    6223 COUNTY ROAD 6300
    LUBBOCK,TX79416     		NONE PAID SUPPORT FOR EQUIPMENT 20,028
    LLANO ESTACADO SILVER STAR BOARD
    P O BOX 65195
    LUBBOCK,TX79464     		NONE PAID SUPPORT FOR EMERGENCY NEEDS FOR ADUL 6,000
    LUBBOCK HABITAT FOR HUMANITY
    3630 50TH STREET
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR HABITAT CONSTRUCTION BUI 40,000
    LUBBOCK IMPACT
    2707 34TH STREET
    LUBBOCK,TX79410     		NONE PAID SUPPORT FOR CLINIC 29,730
    PHILANTHROPY SOUTHWEST
    1910 PACIFIC AVENUE SUIT
    DALLAS,TX75201     		NONE PAID ANNUAL GRANT 5,000
    RECORDING LIBRARY
    3500 NORTH A STREET SUIT
    MIDLAND,TX79705     		NONE PAID SUPPORT FOR PROGRAM DELIVERY 10,000
    REFUGE SERVICES
    P O BOX 53684
    LUBBOCK,TX79453     		NONE PAID SUPPORT FOR PROGRAMMING 30,000
    SHELBY'S BRIDGE
    1008 E HAY
    SUDAN,TX79371     		NONE PAID SUPPORT COMMERCIAL KITCHEN 12,500
    SOUTH PLAINS FOOD BANK
    5605 MARTIN LUTHER KING B
    LUBBOCK,TX79404     		NONE PAID SUPPORT FOR MOBILE PANTRY PROGRAM 50,000
    SPECIAL OLYMPICS
    305 SLATON ROAD
    LUBBOCK,TX79404     		NONE PAID SUPPORT FOR SOUTH PLAINS PROGRAMMING 15,000
    TEXAS RAMP PROJECT
    P O BOX 832065
    RICHARDSON,TX75083     		NONE PAID SUPPORT FOR RAMP MATERIALS 10,000
    VOLUNTEER SERVICES COUNCIL
    P O BOX 5396
    LUBBOCK,TX79408     		NONE PAID SUPPORT FOR IMPROVEMENTS 33,663
    SCIENCE SPECTRUM
    2579 SOUTH LOOP 289 250
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR FABLAB 16,000
    BIG BROTHERS BIG SISTERS
    3416 KNOXVILLE AVE
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR YOUTH MENTORING 30,000
    BOY SCOUTS - SOUTH PLAINS COUNCIL
    30 BRIERCROFT OFFICE PARK
    LUBBOCK,TX79412     		NONE PAID SUPPORT FOR STEM TRAILER PROGRAM 30,000
    CASA - COURT APPOINTED SPECIAL ADVO
    1215 AVENUE J SUITE 301
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR ADVOCACY PROGRAM 43,388
    CATHOLIC CHARITIES
    102 AVE J
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR PARENT EMPOWERMENT PROGR 45,000
    EARLY LEARNING CENTERS OF LUBBOCK
    1639 MAIN STREET
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR CHILDCARE ASSISTANCE 165,000
    GIRL SCOUTS OF TEXAS OKLAHOMA PLAIN
    2567 74TH STREET
    LUBBOCK,TX79423     		NONE PAID SUPPORT FOR GIRL SCOUT LEADERSHIP EX 40,000
    GOODWILL INDUSTRIES OF NORTHWEST TE
    715 28TH STREET
    LUBBOCK,TX79404     		NONE PAID SUPPORT FOR T-PALS PROGRAMMING 95,000
    GOODWILL INDUSTRIES OF NORTHWEST TE
    715 28TH STREET
    LUBBOCK,TX79404     		NONE PAID SUPPORT FOR T-PALS EQUIPMENT 63,570
    GUADALUPE-PARKWAY CENTERS
    405 N MLK JR BLVD
    LUBBOCK,TX79403     		NONE PAID SUPPORT FOR SUMMER BLAST/MAKING A DI 125,600
    GUADALUPE-PARKWAY CENTERS
    405 N MLK JR BLVD
    LUBBOCK,TX79403     		NONE PAID SUPPORT FOR KIDS CAF 13,550
    LITERACY LUBBOCK
    1306 9TH STREET
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR LITERACY SUPPLIES AND OP 41,000
    LUBBOCK AREA UNITED WAY
    1655 MAIN STREET SUITE 1
    LUBBOCK,TX79401     		NONE PAID SUPPORT FOR 2021 ANNUAL CAMPAIGN 153,000
    LUBBOCK BOYS AND GIRLS CLUB
    P O BOX 94163
    LUBBOCK,TX79493     		NONE PAID SUPPORT FOR BUS 35,000
    LUBBOCK CHILDREN'S HEALTH CLINIC
    P O BOX 12103
    LUBBOCK,TX79452     		NONE PAID SUPPORT FOR VACCINES AND NURSE PRACT 105,000
    PARENTING COTTAGE
    3818 50TH STREET
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR PARENTS AS TEACHERS PROG 30,000
    THE SALVATION ARMY
    4414 82ND STREET SUITE 2
    LUBBOCK,TX79424     		NONE PAID SUPPORT FOR PASSAGE PROGRAM 33,000
    UPBRING
    6501 UNIVERSITY SUITE 50
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR HEALTH FOR FRIENDS CLINI 15,000
    VOLUNTEER CENTER
    1706 23RD STREET SUITE 1
    LUBBOCK,TX79411     		NONE PAID SUPPORT FOR LUBBOCK YOUTH CONNECTION 86,950
    VOLUNTEER CENTER
    1706 23RD STREET SUITE 1
    LUBBOCK,TX79411     		NONE PAID SUPPORT FOR RURAL YOUTH IN SERVICE 80,200
    WOMEN'S PROTECTIVE SERVICES
    P O BOX 54089
    LUBBOCK,TX79453     		NONE PAID SUPPORT FOR FACILITY 75,000
    YWCA OF LUBBOCK
    6204 ELGIN AVE
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR Y ON UNIVERSITY 1,550,000
    YWCA OF LUBBOCK
    6204 ELGIN AVE
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR THE WOMEN'S HEALTH INITI 65,000
    YWCA OF LUBBOCK
    6204 ELGIN AVE
    LUBBOCK,TX79413     		NONE PAID SUPPORT FOR SPECIAL NEEDS PROGRAMMIN 50,000
    LUBBOCK CHRISTIAN UNIVERSITY
    5601 19TH STREET
    LUBBOCK,TX79407     		NONE PAID SUPPORT FOR EDUCATION SCHOLARSHIP EN 100,000
    WAYLAND BAPTIST UNIVERSITY - LUBBOC
    801 N QUAKER AVE
    LUBBOCK,TX79416     		NONE PAID SUPPORT FOR COMPUTER LAB CHAIR REPLA 15,586
    SOUTH PLAINS COLLEGE
    1401 S COLLEGE AVE
    LEVELLAND,TX79336     		NONE PAID SUPPORT FOR DOWNTOWN CAMPUS 1,000,000
    TEXAS TECH UNIVERSITY FOUNDATION
    P O BOX 41081
    LUBBOCK,TX79409     		NONE PAID TRIP ELIGIBLE PROGRAMMING TTU 190,666
    TEXAS TECH UNIVERSITY FOUNDATION
    P O BOX 41081
    LUBBOCK,TX79409     		NONE PAID SUPPORT FOR TTU/TTUHSC 2,016,720
    Total .................................bullet 3a 10,905,615
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 17,308  
    4 Dividends and interest from securities ....          
    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 ............     		    18 5,475,097 6,800,789
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMALLET RANCH     		        64,528
    bOTHER INCOME          
    cOTHER INCOME - SCHEDULE K-1         77,854
    dOTHER INCOME - SCHEDULE K-1         -26,541
    eOTHER INCOME - SCHEDULE K-1          
    fDEVITT JONES FARMS         1,570
    12 Subtotal. Add columns (b), (d), and (e) ..   15,011,119 6,918,200
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    21,929,319
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 11,900 1,190   10,710

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

    TY 2021 DepreciationSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    DEPRECIATION   8,088 8,088 MACRS SL CLASS LIFE 7.0000        
    COMPUTER 2013-01-01 1,834 1,834 200DB 5.0000        
    GRANTMAKING SOFTWARE - FOUNDANT TECHNOLOGY 2014-08-13 12,500 12,500   3.0000        
    DESK - CHERYL - BAKER OFFICE PRODUCTS 2014-04-01 425 416 200DB 7.0000 9      
    COMPUTER - CHERYL 2014-04-21 3,530 3,530 200DB 5.0000        
    CHAIR - CHERYL 2014-04-21 140 137 200DB 7.0000 3      
    LOT 8 STONECREST OFFICE PARK 2014-09-15 131,688              
    OFFICE EQUIPMENT 2006-12-12 7,817 7,817 200DB 7.0000        
    POLYCOM CONFERENCE PHONES (2) 2015-09-17 1,104 1,024 200DB 7.0000 49      
    SAMSUNG TV - COMMUNITY CONFERENCE ROOM 2015-10-20 1,400 1,400 200DB 5.0000        
    SAMSUNG TV - TRUSTEES CONFERENCE ROOM 2015-10-20 1,200 1,200 200DB 5.0000        
    FURNITURE - REST HARDW ROUND TABLE LOBBY 2015-08-17 1,388 1,288 200DB 7.0000 61      
    WISTERIA 2 END TABLES - LOBBY 2015-08-17 400 371 200DB 7.0000 18      
    2 SPEARS CHAIRS - LOBBY 2015-08-17 1,471 1,365 200DB 7.0000 65      
    HON DESK AND CREDENZA WITH KEYBOARD TRAY 2015-09-23 910 845 200DB 7.0000 40      
    HON L DESK WITH KEYBOARD TRAY 2015-09-23 720 668 200DB 7.0000 32      
    8' ROUND RUG - KAY'S OFFICE 2015-10-08 499 458 200DB 7.0000 22      
    8' ROUND RUG - HEATHER'S OFFICE 2015-10-08 749 688 200DB 7.0000 32      
    5X7 RUG - CHERYL'S OFFICE 2015-10-08 279 256 200DB 7.0000 12      
    5X7 RUG - KAY'S OFFICE 2015-10-08 279 256 200DB 7.0000 12      
    PORTRAIT OF CHRISTINE DEVITT 2015-10-08 437 401 200DB 7.0000 19      
    WALL ART AND MIRROR 2015-10-08 605 556 200DB 7.0000 26      
    2 LAMPS - HOBBY LOBBY 2015-10-08 456 419 200DB 7.0000 20      
    2 SETTEES IN LOBBY 2015-10-08 1,552 1,425 200DB 7.0000 67      
    RUGS FOR LOBBY - LEFTWICH CHAPMAN 2015-10-08 1,965 1,804 200DB 7.0000 86      
    BARRINGTON ROUND TABLE - KAY'S OFFICE 2015-10-28 1,399 1,285 200DB 7.0000 61      
    8 HIGH BACK LEATHER CHAIRS - TRUSTEE CONFEREN 2015-10-28 7,365 6,762 200DB 7.0000 322      
    FRAMING OF CHRISTINE DEVITT PORTRAIT 2015-10-28 504 463 200DB 7.0000 22      
    COMPUTER CART - KAY'S OFFICE 2015-10-28 614 564 200DB 7.0000 26      
    BARRINGTON ROUND TABLE - HEATHER'S OFFICE 2015-10-28 1,399 1,285 200DB 7.0000 61      
    8 LEATHER STEELCASE CHAIRS - COMMUNITY CONFER 2015-10-28 1,000 836 200DB 7.0000 88      
    4 MID BACK LEATHER CHAIRS - HEATHER'S OFFICE 2015-10-28 3,045 2,796 200DB 7.0000 133      
    4 MID BACK LEATHER CHAIRS - KAY'S OFFICE 2015-10-28 3,045 2,796 200DB 7.0000 133      
    CONFERENCE TABLE - TRUSTEE'S BOARD ROOM 2015-10-28 5,964 5,476 200DB 7.0000 260      
    CAMERAS AND WIRING 2015-05-19 810 761 200DB 7.0000 36      
    TELECO - WIRING 2015-05-19 2,160 2,028 200DB 7.0000 96      
    HARDWARE AND SOFTWARE - BLUE LAYER 2015-06-09 4,068 4,068   3.0000        
    PURCHASE OF LOT 7A 2015-08-10 75,000              
    TELECO - CAT6 WIRING, HOT SPOT 2015-09-03 795 738 200DB 7.0000 35      
    CAMERA AND SECURITY SYSTEM 2015-09-08 3,878 3,599 200DB 7.0000 171      
    TELECO - CAT6 LINE 2015-09-23 200 186 200DB 7.0000 8      
    COLLIER CONSTRUCTION BUILDING COST 2015-09-03 532,593 72,264 S/L 39.0000 13,656      
    PATIO FURNITURE 2016-03-24 2,901 2,577 200DB 7.0000 130      
    GRANT MAKING SOFTWARE 2016-05-25 8,500 8,500   3.0000        

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CLARION PRIVATE INVESTORS 2,759,117 3,563,700
    ABERDEEN US SMALL CAP 5,050,000 4,909,078
    DOUBLELINE 3,954,523 3,836,574
    BLACKSTONE GSO SEC LENDING FD 2,497,760 3,108,429
    CARLYLE PRIVAT INVESTORS 800,226 1,339,740
    EDGERWOOD GROWTH FD 4,706,163 7,279,504
    FIDELITY INTL INDX 3,016,972 2,993,891
    HEALTH CARE SELECT SECTOR 2,718,058 4,185,278
    HPS MEZZANINE 3,804,119 4,482,240
    I SHARES BRAZIL    
    I SHARES CORE S&P 500 12,872,841 27,031,023
    I SHARES CORE SP 500 MSCI EMERGIN 7,515,498 8,814,804
    I SHARES GLOBEL INFRASTRUCTURE    
    I SHARES MSCI ALL COUNTRY ASI    
    I SHARES MSCI CHINA 847,278 773,766
    I SHARES MSCI EAFE (BLACKROCK) INTER 6,907,874 8,960,395
    I SHARES MSCI INDIA ETF 1,088,149 1,814,301
    I SHARES MSCI JAPAN 2,603,243 3,142,433
    I SHARES RUSSELL 1000 6,083,646 7,389,760
    INDUSTRIAL SELECT SECT 1,871,684 2,140,113
    INVESCO QQQ TR 5,154,807 7,839,634
    JP MORGAN INVESTMENT CASH 2,579,585 2,579,585
    JP MORGAN SWEEP ACCT 354,586 354,586
    JPM MANAGED INCOME FD 3,000,000 2,991,027
    MATTHEWS CHINA 2,246,674 2,422,640
    OAKMARK INTERNATIONAL 4,188,986 4,675,100
    PEG GLOBAL PRIVATE EQUITY 13,517,187 20,515,260
    PIMCO - INC GRD CRD BD    
    PIMCO - TOTAL 5,962,490 6,127,833
    PRUDENTIAL GLOBAL REAL EST 3,018,630 3,139,658
    SCHWAB US TIPS ETF 6,734,329 7,415,234
    SVSS IV PRIVATE INVESTORS OFFSHORE 2,700,000 4,140,441
    T ROWE PR JAPAN FUND 1,550,230 1,788,970
    T ROWE PR JAPAN FUND PR NEW 1,874,189 2,017,383
    TORTOISE MLP & PIPELINE 5,260,189 4,747,179
    TRIBUTARY SMALL CO    
    VANGUARD FINANCIAL ETF 2,049,042 3,247,649
    VANGUARD FTSE EUROPE 6,764,051 7,398,581
    VANGAURD MID-CAP ETF 1,454,388 2,775,719
    VANGAURD SHORT-TERM BOND ETF 7,577,126 7,617,419
    VANGAURD SHORT-TERM TIPS 1,950,674 1,941,172
    VANGAURD TOTAL BOND MKT 18,471,756 19,324,547
    LUBBOCK DOWNTOWN DEV 150,000 150,000
    MICROZAP INVESTMENT 577,820 577,820
    TECHAPT01GP    
    VENTRURE INV - PRIVATE EQUITY 1,492,432 3,192,519
    FEG - POF II 6,600,123 9,649,067

    TY 2021 InvestmentsLandSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    MALLET RANCH - LAND & IMPROVEMENTS 484,746 156,519 328,227 484,746
    MINERAL INTERESTS 12,339,284 12,339,284   12,339,284
    DEVITT JONES FARM - LAND & IMPROVEME 29,866 3,187 26,679 29,866

    TY 2021 LandEtcSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 13,182 13,182   13,182
    COMPUTER SOFTWARE 25,068 25,068   25,068
    FURNITURE AND FIXTURES 39,511 37,953 1,558 39,511
    CAMERAS AND WIRING 7,843 7,658 185 7,843
    TELEPHONES AND TELEVISION 3,703 3,673 30 3,703
    STONECREST OFFICE BUILDING 532,594 85,920 446,674 532,594
    LOT 8 STONECREST OFFICE PARK LAND 131,688   131,688 131,688
    LOT7A STONECREST OFFICE PARK LAND 75,000   75,000 75,000


    TY 2021 LegalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT LEGAL FEES 4,767 477   4,290


    TY 2021 OtherAssetsSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENT IN MALLET RANCH 230,973 221,255 221,255
    INVESTMENT IN DEVITT-JONES FARM 17,155 17,404 17,404
    ANNUITY FROM HELEN JONES TRUST 39,300 39,300 39,300
    PROGRAM RELATED INVESTMENT - BHH 29,003,485 28,294,733 28,294,733


    TY 2021 OtherExpensesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    DEVITT JONES FARM-FARM EXPS 1,331 133   1,198
    DUES AND SUBSCRIPTIONS 4,098 410   3,688
    INSURANCE 12,649 1,265   11,384
    OFFICE SUPPLIES/EXPENSE 7,555 755   6,799
    COMPUTER REPAIRS 2,339 234   2,105
    TELEPHONE 4,629 463   4,167
    UTILITIES 4,121 412   3,709
    OIL MARKETING SERVICES 6,000 6,000    
    OFFICE PARK FEES 762 76   685
    MALLET RANCH - EXPENSES 44,432 4,443   39,988
    MILEAGE 1,099 110   989
    REPAIRS AND MAINTENANCE 10,646 1,065   9,581
    SMALL FURNTURE & EQUIPMENT 2,126 213   1,914
    COMMUNITY OUTREACH 1,025 103   923
    PAYROLL BENEFITS 8,346 8,346    
    CONTRIBUTIONS 1,000     1,000
    BONUS 1,000 100   900


    TY 2021 OtherIncomeSchedule2
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ROYALTIES - O&G 4,978,979 4,978,979  
    MALLET RANCH 64,528 64,528  
    OTHER INCOME - SCHEDULE K-1 77,854 77,854  
    OTHER INCOME - SCHEDULE K-1 -26,541 -26,541  
    DEVITT JONES FARMS 1,570 1,570  


    TY 2021 OtherIncreasesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Amount
    PREFERENCE DEPLETION 746,847


    TY 2021 OtherLiabilitiesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCOUNTS PAYABLE - CC 534 1,424
    LINE OF CREDIT - JP MORGAN 29,635,101 28,089,317
    PRI - INTEREST ACCRUED   205,416


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 193,449 193,449    
    PROPERTY TAX CONSULTANT 2,650 265   2,385
    PORTFOLIO EXPENSES 744,468 744,468    


    TY 2021 TaxesSchedule
    Name:
    CH FOUNDATION INC
    EIN:
    75-1534816
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 229,000      
    OIL & GAS SEVERANCE TAXES 191,463 191,463    
    PROPERTY TAXES 438,358 438,358    
    FOREIGN TAXES PAID 76,380 76,380