Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$44,645,238J 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 right arrow.............
3 Interest on savings and temporary cash investments 35,280 35,280  
4 Dividends and interest from securities... 821,497 821,497  
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
List of Attached Documents:
// Content
913,894
b Gross sales price for all assets on line 6a 3,102,338
7 Capital gain net income (from Part IV, line 2)... 913,546
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
List of Attached Documents:
// Content
346,092 517,027  
12 Total. Add lines 1 through 11........ 2,116,763 2,287,350  
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).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
54,631 54,631    
17 Interest............... 6,499 6,499    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
37,439 8,492    
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
List of Attached Documents:
// Content
135,767 135,212    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 234,336 204,834   0
25 Contributions, gifts, grants paid....... 1,787,319 1,787,319
26 Total expenses and disbursements. Add lines 24 and 25 2,021,655 204,834   1,787,319
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 95,108
b Net investment income (if negative, enter -0-) 2,082,516
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 714,464 1,331,868 1,331,868
3 Accounts receivable right arrow1,029,431
Less: allowance for doubtful accounts right arrow   18,706 1,029,431 1,029,431
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 37,442    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,038,196 Click to see attachment
List of Attached Documents:
// Content
9,388,914 		22,047,781
c Investments—corporate bonds (attach schedule)....... 13,877,866 Click to see attachment
List of Attached Documents:
// Content
13,094,520 		12,385,866
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,654,405 Click to see attachment
List of Attached Documents:
// Content
6,734,684 		7,850,292
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
133,725 		   
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 31,474,804 31,579,417 44,645,238
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
105,000 		Click to see attachment
List of Attached Documents:
// Content
114,505
23 Total liabilities (add lines 17 through 22)......... 105,000 114,505
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 31,369,804 31,464,912
29 Total net assets or fund balances (see instructions)..... 31,369,804 31,464,912
30 Total liabilities and net assets/fund balances (see instructions). 31,474,804 31,579,417
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
31,369,804
2
Enter amount from Part I, line 27a .....................
2
95,108
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
31,464,912
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,464,912
Form 990-PF (2023)
Form 990-PF (2023)
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 LT COVERED P 2021-01-01 2023-12-31
b TB&T CAPITAL GAIN DISTRIBUTION P 2021-01-01 2023-12-31
c PARTNERSHIP ST CAP GAIN P 2023-01-01 2023-12-31
d PARTNERSHIP LT CAP GAIN P 2021-01-01 2023-12-31
e PARTNERSHIP 1256 ST PORTION P 2022-01-01 2023-12-31
PARTNERSHIP 1256 LT PORTION P 2021-01-01 2023-12-31
7045 ARCHROCK INC P 2021-07-01 2023-10-16
3595 ENERFLEX LTD P 2021-07-01 2023-10-16
LOSS ON GT U.S. QP FUND PSHIP INTEREST P 2020-01-01 2023-12-31
(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 2,540,000   2,107,370 432,630
b 15,728     15,728
c 6,211     6,211
d 433,133     433,133
e     617 -617
    926 -926
91,464   59,376 32,088
15,454   17,341 -1,887
    2,814 -2,814
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       432,630
b       15,728
c       6,211
d       433,133
e       -617
      -926
      32,088
      -1,887
      -2,814
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 2 913,546
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 6,211
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 right arrow 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) 1 28,947
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 28,947
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 28,947
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 44,442
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 49,442
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 20,495
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow20,495 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowTX
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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowN/A
14
The books are in care ofright arrowJIM DEBORAH Telephone no.right arrow (903) 758-8276

Located atright arrow222 E TYLERLONGVIEWTX ZIP+4right arrow75601
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
1d
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
JON OWENS Controller
1.00 		0    
222 E TYLER STREET
LONGVIEW,TX75601
ROGERS L CRAIN VP/DIRECTOR
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 & SECRETARY
1.00 		0    
222 E TYLER STREET
LONGVIEW,TX75601
JIM DEBORAH 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...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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.............right arrow  
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
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
33,812,714
b
Average of monthly cash balances.......................
1b
904,240
c
Fair market value of all other assets (see instructions)................
1c
8,929,494
d
Total (add lines 1a, b, and c).........................
1d
43,646,448
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
43,646,448
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
654,697
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
42,991,751
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,149,588
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
2,149,588
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,947
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,947
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,120,641
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,120,641
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
2,120,641
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
1,787,319
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
1,787,319
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,120,641
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 59,040
e From 2022......  
f Total of lines 3a through e ........ 59,040
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,787,319
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 1,787,319
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023. 59,040 59,040
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		274,282
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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).)
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 right arrow
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 (2023)
Form 990-PF (2023)
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
AMAZING PLACE


3735 DREXEL
HOUSTON,TX77027 		NONE PC GENERAL CONTRIBUTION 3,000
ARTSVIEW CHILDREN'S THEATRE


313 W TYLER ST
LONGVIEW,TX75601 		NONE PC FOR CHILDREN'S THEATER 3,000
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 2,500
CASA DE ESPERANZA DE LOS NINOS


PO BOX 66581
HOUSTON,TX77266 		NONE PC GENERAL OPERATIONS 2,500
COLGATE UNIVERSITY


13 OAK DRIVE
HAMILTON,NY13346 		NONE PC FUNDING OF PRIVATE UNIVERSITY 20,000
EAST TEXAS FOOD BANK


PO BOX 6974
TYLER,TX75711 		NONE PC COMMUNITY FOOD SUPPLY 25,000
EPISCOPAL HIGH SCHOOL


PO BOX 271299
HOUSTON,TX77277 		NONE PC PRIVATE RELIGIOUS HIGH SCHOOL 16,000
FAY SCHOOL THE


48 MAIN STREET
SOUTHBOROUGH,MA01772 		NONE PC FOR PRIVATE EDUCATION 1,000
FIRST PRESBYTERIAN CHURCH


301 N CENTER STREET
LONGVIEW,TX75601 		NONE PC RELIGIOUS ORGANIZATION 25,000
CHRISTUS GOOD SHEPHERD FOUNDATION


700 E MARSHALL AVE
LONGVIEW,TX75601 		NONE PC FOUNDATION FOR COMMUNITY HEALTH CLINIC 11,668
GREGG CO HISTORICAL FOUNDATION


PO BOX 3342
LONGVIEW,TX75606 		NONE PC GENERAL CONTRIBUTION 12,000
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 12,500
HOUSTON SPCA


900 PORTWAY DR
HOUSTON,TX77024 		NONE PC FOR SAFETY OF ANIMALS 2,000
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 10,000
LAWRENCEVILLE SCHOOL THE


PO BOX 6125
LAWRENCEVILLE,NJ08648 		NONE PC FOR PRIVATE EDUCATION 126,000
LONGVIEW COMMUNITY MINISTRIES


PO BOX 1023
LONGVIEW,TX75606 		NONE PC RELIGIOUS ORGANIZATION 10,000
LONGVIEW SYMPHONY LEAGUE


PO BOX 1825
LONGVIEW,TX75606 		NONE PC PROMOTION OF CLASSICAL MUSIC 21,000
LONGVIEW WORLD OF WONDERS


112 E TYLER AVE
LONGVIEW,TX75601 		NONE PC GENERAL - FOR YOUTH EDUCATION 40,000
MARTIN HOUSE CAC THE


606 W GARFIELD DRIVE SUITE D
LONGIEW,TX75602 		NONE PC FOR CHILDREN'S ADVOCACY CENTER 25,000
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 30,000
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 YOUTH CHRISTIAN SUMMER CAMP 25,000
RHODES COLLEGE


2000 NORTH PARKWAY
MEMPHIS,TN38112 		NONE PC FOR THE CRAIN FAMILY COUNSELING SUPPORT FUND 50,000
RIVER OAKS BAPTIST SCHOOL


2300 WILLOWICK
HOUSTON,TX77027 		NONE PC FOR CHRISTIAN EDUCATION 1,000
SABINE VOLUNTEER FIRE DEPARTMENT


6144 GATEWAY CIRCLE
KILGORE,TX75662 		NONE PC FOR PUBLIC SAFETY 250
THE SALVATION ARMY OF LONGVIEW


519 EAST COTTON STREET
LONGVIEW,TX75601 		NONE PC GENERAL CONTRIBUTION 30,000
SOUTHERN METHODIST UNIVERSITY


PO BOX 750100
DALLAS,TX75275 		NONE PC PRIVATE UNIVERSITY 26,000
ST JOHN DIVINE EPISCOPAL CHURCH


2450 RIVER OAKS BLVD
HOUSTON,TX77019 		NONE PC FOR CHRISTIAN MINISTRY 30,000
ST JOHN'S SCHOOL


2401 CLAREMONT LANE
HOUSTON,TX77019 		NONE PC FOR CHRISTIAN EDUCATION 36,000
ST JUDE CHILDREN'S RESEARCH HOSPITA


501 ST JUDE PLACE
MEMPHIS,TN38105 		NONE PC MATCHING CONTRIBUTION 500
TEXAS SHAKESPEARE FESTIVAL


PO BOX 2788
KILGORE,TX75633 		NONE PC FOR HISTORICAL THEATRE PRODUCTION 10,000
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 91,550
UNIVERSITY OF TEXAS


727 EAST DEAN KEETON ST
AUSTIN,TX78705 		NONE PC TO FURTHER EDUCATION 5,000
UT LAW SCHOOL FOUNDATOIN


1 UNIVERSITY STATION B6000
AUSTIN,TX78712 		NONE PC TO FURTHER LAW EDUCATION 1,000
WASHINGTON LEE UNIVERSITY


204 W WASHINGTON ST DVLPMNT BLDG
LEXINGTON,VA24450 		NONE PC FOR HIGHER EDUCATION 50,000
WHITE OAK VOLUNTEER FIRE DEPARTMENT


PO BOX 336
WHITE OAK,TX75693 		NONE PC FOR PUBLIC SAFETY 250
WINDRIDGE THERAPEUTIC EQUESTRIAN CE


PO BOX 5932
LONGVIEW,TX75608 		NONE PC FOR EQUESTRIAN HEALTH 2,250
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 2,500
CAMP FOR ALL FOUNDATION


10500 NW FREEWAY STE 200
HOUSTON,TX77092 		NONE PC SPECIAL NEEDS SUMMER CAMP 50,000
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
HOLT INTERNATIONAL CHILDREN'S SERVI


P O BOX 2880
EUGENE,OR97402 		NONE PC MATCHING CONTRIBUTION 500
MENNONITE DISASTER SERVICE


583 AIRPORT ROAD
LITITZ,PA17543 		NONE PC FOR DISASTER RELIEF 250
MICKEY MELTON MEMORIAL GOLF TOURNAM


P O BOX 2146
LONGVIEW,TX75606 		NONE PC FAMILY & CHILD SERVICES 1,728
THE PARISH SCHOOL


11001 HAMMERLY BLVD
HOUSTON,TX77043 		NONE PC CHILDREN SPECIAL NEEDS EDUCATION 1,000
PARTNERSHIP CONTRIBUTIONS


VARIOUS
VARIOUS,TX75701 		NONE PC GENERAL CONTRIBUTIONS 10
HOUSTON ARBORETUM NATURE CENTER


4501 WOODWAY DRIVE
HOUSTON,TX77024 		NONE PC GENERAL SUPPORT 2,500
THE MEADOWS MUSEUM


5900 BISHOP BLVD
DALLAS,TX75205 		NONE PC FOR THE ADVANCEMENT OF KNOWLEDGE OF ART 5,000
THE MEADOWS SCHOOL OF ART


6101 BISHOP BLVD
DALLAS,TX75205 		NONE PC FOR ART EDUCATION 5,000
THEATRE LONGVIEW


1001 W HAWKINS PKWY
LONGVIEW,TX75605 		NONE PC FOR LOCAL THEATRE 1,000
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 10,000
HIWAY 80 RESCUE MISSION


3117 W MARSHALL AVE
LONGVIEW,TX75604 		NONE PC SOCIAL SERVICES FOR HOMELESS 363
CAMP ALLEN


18800 FM 362
NAVASOTA,TX77868 		NONE PC FOR EDUCATION AND CHRISTIAN CAMP CENTER 5,000
BUCKNER INTERNATIONAL


700 N PEARL ST SUITE 1200
DALLAS,TX75201 		NONE PC GLOBAL MINISTRY IMPROVING LIVES 15,000
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 1,100
GLENWOOD CEMETERY


2525 WASHINGTON AVENUE
HOUSTON,TX77007 		NONE PC GENERAL CONTRIBUTION FOR CEMETARY 1,000
GREENWOOD CEMETERY ASSOCIATION


3020 OAK GROVE AVE
DALLAS,TX75204 		NONE PC FOR CEMETARY 1,000
HOUSTON PUBLIC MEDIA FOUNDATION


4800 CALHOUN RD
HOUSTON,TX77004 		NONE PC PUBLIC MEDIA AND NEWS BROADCASTING 3,000
WALTER MAX MISCHER III RESEARCH FUN


9 GREENWAY PLAZA SUITE 2900
HOUSTON,TX77046 		NONE PC FOR NEUROBIOLOGICAL BASES OF ADDICTIVE DISORDERS RESEARCH 5,000
RIVER OAKS CHAMBER ORCHESTRA


1973 W GRAY ST 3
HOUSTON,TX77019 		NONE PC TO PROMOTE CLASSICAL MUSIC 1,000
BOYS AND GIRLS CLUB OF THE BIG PINE


1500 POSITIVE PLACE
MARSHALL,TX75670 		NONE PC CHILD ENRICHMENT 5,000
CHRISTIAN COMMUNITY SERVICE CENTER


3230 MERCER
HOUSTON,TX77027 		NONE PC TO SERVE THE POOR, HUNGRY, DISABLED, AND OTHERWISE NEEDY. 50,000
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. 5,000
JUNIOR LEAGUE 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 4,000
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 2,000
EAST TEXAS ALZHEIMER'S ALLIANCE


911 W LOOP 281 STE 211-40
LONGVIEW,TX75604 		NONE PC GENERAL SUPPORT 5,100
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 3,000
HOPE FOR PETS RESCUE


PO BOX 224
GILMER,TX75644 		NONE PC GENERAL SUPPORT 5,000
REMIND


PO BOX 27607
HOUSTON,TX77227 		NONE PC GENERAL SUPPORT 13,000
SMU COX SCHOOL OF BUSINESS


6212 BISHOP BLVD
DALLAS,TX75275 		NONE PC GENERAL SUPPORT 50,000
TEXAS CHILDREN'S HOSPITAL HOUSTON


6621 FANNIN ST
HOUSTON,TX77030 		NONE PC GENERAL SUPPORT 25,000
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 5,000
HOUSTON METHODIST HOSPITAL FOUNDATI


1707 SUNSET BLVD
HOUSTON,TX77005 		NONE PC GENERAL SUPPORT 70,000
MEMORIAL PARK CONSERVANCY INC


7575 N PICNIC LN
HOUSTON,TX77007 		NONE PC GENERAL SUPPORT 2,500
NORTHEAST TEXAS HABITAT FOR HUMANIT


905 MCCANN RD
LONGVIEW,TX75601 		NONE PC GENERAL SUPPORT 10,000
SNOOTY GIGGLES DOG RESCUE


POBOX 95 1057 THOMPSONS STATION RD
THOMPSONS STATION,TN37179 		NONE PC GENERAL SUPPORT 2,500
ARTS LONGVIEW


213 N FREDONIA ST SUITE 210
LONGVIEW,TX75601 		NONE PC GENERAL SUPPORT 10,000
BISHOP LYNCH HIGH SCHOOL


9750 FERGUSON RD
DALLAS,TX75228 		NONE PUBLIC GENERAL SUPPORT 2,000
FRIENDS OF SWIM WITH GINA


915 BERGSTROM PLACE
MARSHALL,TX75672 		NONE PC GENERAL SUPPORT 2,000
GENESIS WOMEN'S SHELTER SUPPORT


4411 LEMMON AVENUE STE 201
DALLAS,TX75219 		NONE PC GENERAL SUPPORT 3,000
HOUSTON FOOD BANK


535 PORTWALL ST
HOUSTON,TX77029 		NONE PC GENERAL SUPPORT 25,000
K9S FOR WARRIORS INC


114 CAMP K9 ROAD
PONTE VEDRA,FL32081 		NONE PC GENERAL SUPPORT 100
NASHVILLE ZOO


3777 NOLENSVILLE PIKE
NASHVILLE,TN37211 		NONE PC GENERAL SUPPORT 2,500
NATURE CONSERVANCY OF TEXAS


3801 KIRBY DRIVE SUITE 740
HOUSTON,TX77098 		NONE PC GENERAL SUPPORT 5,000
OPEN DOOR MISSION


5803 HARRISBURG BLVD
HOUSTON,TX77011 		NONE PC GENERAL SUPPORT 3,000
REEL EAST TEXAS FILM FESTIVAL


201 S KILGORE ST
KILGORE,TX75662 		NONE PC GENERAL SUPPORT 2,500
SEWANEE THE UNIVERSITY OF THE SOUTH


735 UNIVERSITY AVE
SEWANEE,TN37383 		NONE PC GENERAL SUPPORT 20,000
SIMPLE BARE NECESSITIES


5 THORNTREE
LONGVIEW,TX75601 		NONE PC GENERAL SUPPORT 1,500
VITA LIVING INC


3300 S GESSNER RD 150
HOUSTON,TX77063 		NONE PC GENERAL SUPPORT 1,000
WILL ERWIN HEADACHE RESEARCH FOUNDA


609 MAIN STREET SUITE 2350
HOUSTON,TX77002 		NONE PC GENERAL SUPPORT 1,000
YELLOWSTONE FOREVER


PO BOX 1857
BOZEMAN,MT59771 		NONE PC GENERAL SUPPORT 10,000
MOMENTUM EDUCATION


228 E 45TH ST 4TH FLOOR
NEW YORK,NY10017 		NONE PC GENERAL CONTRIBUTION 1,000
PARTNERSHIP FOR PETS OF EAST TEXAS


2511 ASPEN ST
LONGVIEW,TX75605 		NONE PC GENERAL CONTRIBUTION 2,350
ST LUKES UNITED METHODIST CHURCH


3471 WESTHEIMER RD
HOUSTON,TX77027 		NONE PC GENERAL SUPPORT 100,000
TARRYTOWN UNITED METHODIST CHURCH


2601 EXPOSITION BLVD
AUSTIN,TX78703 		NONE PC GENERAL CONTRIBUTION 5,000
THE CHINQUAPIN SCHOOL


2615 E WALLISVILLE RD
HIGHLANDS,TX77562 		NONE PC GENERAL CONTRIBUTION 5,000
TRINITY UNIVERSITY


ONE TRINITY PLACE
SAN ANTONIO,TX78212 		NONE PC GENERAL CONTRIBUTION 5,000
HALLSVILLE ACEDEMIC BOOSTER CLUB


101 PERSIMMON HI
HALLSVILLE,TX75650 		NONE PC GENERAL SUPPORT 250
HALLSVILLE AREA UNITED FUND


300 N CENTRAL ST
HALLSVILLE,TX75650 		NONE PC GENERAL SUPPORT 10,250
HOUSTON ZOO INC


6200 HERMANN PARK DRIVE
HOUSTON,TX77030 		NONE PC GENERAL SUPPORT 5,000
RAYMOND JAMES CHARITABLE ENDOWMENT


800 CARILLON PARKWAY
ST PETERSBURG,FL33716 		NONE PC FOR THE PEARCY FAMILY FOUNDATION 3,000
SPANISH PEAKS COMMUNITY FOUNDATION


PO BOX 16103
BIG SKY,MT59716 		NONE PC GENERAL SUPPORT 5,000
TEXAS ONCOLOGY - LONGVIEW CANCER CE


1300 FOURTH ST
LONGVIEW,TX75601 		NONE PC GENERAL SUPPORT 5,000
WOMEN'S CENTER OF EAST TEXAS


1011 WAL STREET SUITE 101
LONGVIEW,TX75605 		NONE PC GENERAL SUPPORT 2,000
ALS ASSOCIATION


14555 DALLAS PKWY SUITE 100-219
DALLAS,TX75254 		NONE PC GENERAL CONTRIBUTION 5,000
AUSTIN TRINITY SCHOOL


3901 BEE CAVES RD
AUSTIN,TX78746 		NONE PC GENERAL CONTRIBUTION 50,000
BISHOP GORMAN CATHOLIC SCHOOL BG FU


1405 E SE LOOP 323
TYLER,TX75701 		NONE PC GENERAL CONTRIBUTION 500
DALLAS 24 HOUR CLUB


4636 ROSS AVE
DALLAS,TX75204 		NONE PC GENERAL CONTRIBUTION 5,000
FRIENDS OF PUMPKIN PARK


3600 LOCKE LANE
HOUSTON,TX77027 		NONE PC GENERAL CONTRIBUTION 5,000
HEARTISANS MARKETPLACE


3501 GILMER RD
LONGVIEW,TX75604 		NONE PC GENERAL CONTRIBUTION 10,000
KOURAGE HEALTH


100 E FERGUSON ST 400
TYLER,TX75702 		NONE PC GENERAL CONTRIBUTION 2,000
LONGVIEW ISD FOUNDATION


1301 E YOUNG ST
LONGVIEW,TX75602 		NONE PC GENERAL CONTRIBUTION 10,000
LONGVIEW MUSEUM OF FINE ARTS


215 E TYLER ST
LONGVIEW,TX75601 		NONE PC GENERAL CONTRIBUTION 210,000
PREECLAMPSIA FOUNDATION


3840 WEST EAU GALLIE BLVD SUITE 104
MELBOURNE,FL32934 		NONE PC GENERAL CONTRIBUTION 5,000
PREPARED FOR LIFE


1325 W WALNUT HILL LANE
IRVING,TX75038 		NONE PC GENERAL CONTRIBUTION 5,000
PROTECTING K9 HEROES


13115 WICKER AVE UNIT H
CEDAR LAKE,IN46303 		NONE PC GENERAL CONTRIBUTION 100
PROVIDENCE CLASSICAL ACADEMY


1388 S STATE HWY 205
ROCKWALL,TX75032 		NONE PC GENERAL CONTRIBUTION 500
Total .................................right arrow 3a 1,787,319
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
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 35,280  
4 Dividends and interest from securities ....     14 821,497  
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 348 18 913,546  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INCOME 		    14 88,959  
bPARTNERSHIP UBTI 211110 -170,945      
cROYALTY INCOME     15 428,068  
dTAX EXEMPT INCOME     14 10  
e
12 Subtotal. Add columns (b), (d), and (e) .. -170,597 2,287,360  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,116,763
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017517
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
PARTNERSHIP SEC 1231 ORDINARY GAIN 2023-01 Purchase 2023-12   348   Cost   348  

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Name of Bond End of Year Book Value End of Year Fair Market Value
BAIRD INTERMEDIATE BOND INST FD #70 13,094,520 12,385,866

TY 2023 InvestmentsCorpStockSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN INTL GROUP INC (AIG) 35,929 3,523
BP PLC SPONS ADR 135,000 116,112
EXXON MOBIL CORP 107,750 399,920
VANGUARD TOTAL STOCK MARKET 6,554,333 18,954,287
AMERICAN FDS EUROPACIFIC GWTH F3 390,149 373,480
HARDING LOEVNER INTL EQ PORT #201 348,073 406,149
ABBVIE INC 107,381 197,587
BARON INTL GROWTH INSTL 416,376 338,323
FIDELITY ADVISOR INTL CAP 415,991 426,867
MFS INSTITUTIONAL INTERNATIONAL 437,999 472,768
ARCHROCK INC    
KIMCO REALTY CORP REIT 20,997 33,755
T ROWE PRICE INTL DISCOVERY FUND I 418,936 325,010
ENERFLEX LTD    

TY 2023 InvestmentsOtherSchedule2
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
GT REAL ASSETS, LP AT COST 14,653 15,865
GT EMERGING MARKETS (QP), LP AT COST 310,540 310,524
GT SPECIAL OPPORTUNITIES III, LP AT COST 148,488 145,281
GT OFFSHORE FUND, LTD AT COST 1,799,472 1,845,309
GT US QP FUND, LP AT COST    
GT INTL EQUITY QP FUND, LP AT COST 772,897 772,961
BLACK STONE MINERALS LP (CU) AT COST 439,268 2,720,701
PALLADIAN PARTNERS VIII, LP AT COST 102,352 81,059
GT REAL ASSETS II, LP AT COST 52,915 57,467
CLARION LION PROPERTIES FUND, LP AT COST 1,653,508 459,485
PALLADIAN PARTNERS IX, LP AT COST 121,945 127,044
GT PRIVATE EQUITY X AT COST 282,596 278,546
STOCKBRIDGE NICHE LOGISTICS FUND, LP AT COST 1,036,050 1,036,050

TY 2023 OtherExpensesSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 7,272 7,272    
MISCELLANEOUS 140 140    
NON-DEDUCTIBLE EXPENSES 555      
PARTNERSHIP OTHER DEDUCTIONS 729 729    
PARTNERSHIP PORTFOLIO DEDUCTIONS 62,821 62,821    
PARTNERSHIP ROYALTY DEDUCTIONS 64,250 64,250    


TY 2023 OtherIncomeSchedule2
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INCOME 88,959 88,959  
PARTNERSHIP UBTI -170,945    
ROYALTY INCOME 428,068 428,068  
TAX EXEMPT INCOME 10    


TY 2023 OtherLiabilitiesSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
CONTRIBUTION PAYABLE TO GT PE X 105,000 105,000
FEDERAL INCOME TAXES   9,505


TY 2023 OtherProfessionalFeesSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 54,631 54,631 0 0


TY 2023 TaxesSchedule
Name:
THE CRAIN FOUNDATION
EIN:
75-2698267
Software ID:
23017517
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX ON INVESTMENT INCOME 28,947      
FOREIGN TAX EXPENSE 4,648 4,648    
PARTNERSHIP FOREIGN TAX 3,844 3,844