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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 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$237,005,589J 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 967,585 967,585  
4 Dividends and interest from securities... 3,716,365 3,716,365  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,934,273
b Gross sales price for all assets on line 6a 28,043,830
7 Capital gain net income (from Part IV, line 2)... 2,934,273
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
4,405,395 4,405,395  
12 Total. Add lines 1 through 11........ 12,023,618 12,023,618  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 362,829 36,283   326,545
14 Other employee salaries and wages...... 20,009 2,000   18,008
15 Pension plans, employee benefits....... 78,725 7,872   70,852
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,784 278   2,505
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,513 1,451   13,062
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
187,052 182,075   4,977
17 Interest............... 516,890 516,890    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
684,693 623,416    
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
601,728 588,072  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 34,662 3,466   31,196
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
764,014 640,444   123,570
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,267,899 2,602,247   590,715
25 Contributions, gifts, grants paid....... 9,808,511 9,808,511
26 Total expenses and disbursements. Add lines 24 and 25 13,076,410 2,602,247   10,399,226
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,052,792
b Net investment income (if negative, enter -0-) 9,421,371
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 750,381 589,359 589,359
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 145,403,738 Click to see attachment
List of Attached Documents:
// Content
145,115,541 		193,898,186
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow13,175,202
Less: accumulated depreciation (attach schedule) right arrow12,517,790 665,530 Click to see attachment
List of Attached Documents:
// Content
657,412 		13,175,202
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow828,587
Less: accumulated depreciation (attach schedule) right arrow216,195 626,048 Click to see attachment
List of Attached Documents:
// Content
612,392 		809,781
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
28,320,658 		Click to see attachment
List of Attached Documents:
// Content
28,327,645 		Click to see attachment
List of Attached Documents:
// Content
28,533,061
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 175,766,355 175,302,349 237,005,589
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
28,090,671 		Click to see attachment
List of Attached Documents:
// Content
28,091,385
23 Total liabilities (add lines 17 through 22)......... 28,090,671 28,091,385
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 147,675,684 147,210,964
29 Total net assets or fund balances (see instructions)..... 147,675,684 147,210,964
30 Total liabilities and net assets/fund balances (see instructions). 175,766,355 175,302,349
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
147,675,684
2
Enter amount from Part I, line 27a .....................
2
-1,052,792
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
588,072
4
Add lines 1, 2, and 3 ..........................
4
147,210,964
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
147,210,964
Form 990-PF (2024)
Form 990-PF (2024)
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   P    
b JP MORGAN 12008 P 2024-01-01 2024-11-15
c JP MORGAN 12008 P 2023-01-01 2024-11-15
d JP MORGAN 69000 P 2024-01-01 2024-11-15
e JP MORGAN 69000 P 2023-01-01 2024-11-15
(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        
b 7,539,756   7,092,135 447,621
c 16,656,322   15,786,419 869,903
d 679,000   670,772 8,228
e 1,610,000   1,560,231 49,769
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a        
b       447,621
c       869,903
d       8,228
e       49,769
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 2,934,273
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 3 455,849
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) 1 130,957
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........................... 3 130,957
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- ..... 5 130,957
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 152,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 152,000
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 21,043
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow21,043 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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
 
 
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
 
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:
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 2024 or the taxable year beginning in 2024? 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 arrowWWW.CHFOUNDATIONLUBBOCK.COM
14
The books are in care ofright arrowCHERYL SANFORD Telephone no.right arrow (806) 792-0448

Located atright arrow6102 82ND STREET SUITE 8ALUBBOCKTX ZIP+4right arrow79424
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 2024, 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 (2024)
Form 990-PF (2024)
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)
 
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
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
KEVIN G MCMAHON PRESIDENT/TR
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
MARK GRIFFIN TRUSTEE
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
SUZANNE BLAKE VICE PRESIDE
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
SANDY OGLETREE EXECTIVE DIR
000.00 		159,180 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
CHERYL SANFORD CFO/TREASURE
000.00 		104,667 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
HEATHER HOCKER SECRETARY, P
000.00 		98,982 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
KIMBERLY WILKERSON TRUSTEE
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
DAVID ALDERSON TRUSTEE
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
LAURA VINSON TRUSTEE
000.00 		0 0 0
6102 82ND ST STE 8A
LUBBOCK,TX79424
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 (2024)
Form 990-PF (2024)
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
194,327,790
b
Average of monthly cash balances.......................
1b
2,659,595
c
Fair market value of all other assets (see instructions)................
1c
15,560,296
d
Total (add lines 1a, b, and c).........................
1d
212,547,681
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
212,547,681
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,188,215
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
209,359,466
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,467,973
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
10,467,973
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
130,957
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
130,957
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,337,016
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
10,337,016
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
10,337,016
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
10,399,226
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
10,399,226
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 10,337,016
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022...... 21,328,931
e From 2023......  
f Total of lines 3a through e ........ 21,328,931
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 10,399,226
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 10,337,016
e Remaining amount distributed out of corpus 62,210
5 Excess distributions carryover applied to 2024.    
(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 21,391,141
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		21,391,141
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 21,328,931
d Excess from 2023....  
e Excess from 2024.... 62,210
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 45,000

BALLET LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 25,000

BALLET LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 20,000

EAST LUBBOCK ART HOUSE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 16,200

LEVELLAND WALLACE THEATER

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 416,666

LOUISE HOPKINS UNDERWOOD CENTER FOR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 500,000

LOUISE HOPKINS UNDERWOOD CENTER FOR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 53,140

LOUISE HOPKINS UNDERWOOD CENTER FOR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 57,000

LUBBOCK ARTS ALLIANCE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 42,000

LUBBOCK ARTS ALLIANCE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 20,000

LUBBOCK ARTS ALLIANCE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 8,000

LUBBOCK CHORALE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 15,000

LUBBOCK ENTERTAINMENT AND PERFORMIN

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 1,326,510

LUBBOCK ENTERTAINMENT AND PERFORMIN

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 502,000

LUBBOCK EXPERIENCE - LUBBOCK CULTUR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 75,000

LUBBOCK MOONLIGHT MUSICALS INC

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 30,000

LUBBOCK SYMPHONY ORCHESTRA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 11,700

LUBBOCK SYMPHONY ORCHESTRA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 15,000

LUBBOCK SYMPHONY ORCHESTRA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 65,000

LUBBOCK SYMPHONY ORCHESTRA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 47,000

MUSEUM OF TEXAS TECH UNIVERSITY ASS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 19,500

SILENT WINGS MUSEUM FOUNDATION INC

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 16,000

SUPPORTERS OF THE FINE ARTS (SOFA)

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 5,450

WEST TEXAS WATERCOLOR SOCIETY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID ARTS AND CULTURE 10,000

EDUCATE TEXASPHILANTHROPY ADVOCATE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 5,000

FRIENDS OF THE LUBBOCK PUBLIC LIBRA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 20,000

TEXAS INTERSCHOLASTIC LEAGUE FOUNDA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 96,000

AMERICAN CANCER SOCIETY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HEALTH 12,000

COVENANT HEALTH FOUNDATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HEALTH 500,000

INSIDE OUT FOUNDATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HEALTH 15,000

SCOTTISH RITE FOR CHILDREN

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HEALTH 10,000

UNIVERSITY MEDICAL CENTER FOUNDATIO

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HEALTH 200,000

ALSTRM ANGELS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 10,000

AMARILLO AREA FOUNDATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 25,000

BROWNFIELD SENIOR CITIZENS CENTER

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 20,000

BUCKNER CHILDREN AND FAMILY SERVICE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 30,000

COMMUNITY FOUNDATION OF WEST TEXAS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 3,995

ECHO WEST TEXAS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 25,000

HIGH POINT VILLAGE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 15,000

LLANO ESTACADO SILVER STAR BOARD

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 6,000

LUBBOCK CHAMBER OF COMMERCE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 50,000

LUBBOCK HABITAT FOR HUMANITY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 40,000

LUBBOCK IMPACT

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 51,455

MORRIS SAFE HOUSE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 9,500

PHILANTHROPY SOUTHWEST

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 6,050

SHELBY'S BRIDGE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 50,000

SOUTH PLAINS ASSOCIATION OF GOVERNM

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 75,000

SOUTH PLAINS FOOD2KIDS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 30,000

SOUTH PLAINS WILDLIFE REHABILITATIO

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 20,000

SPECIAL OLYMPICS TEXAS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 15,000

TEXAS RURAL FUNDERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 8,500

VOLUNTEER SERVICES COUNCIL

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID HUMAN SERVICES 23,000

SCIENCE SPECTRUM

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID SCIENCE AND TECHNOLOGY 20,000

AMERICAN RED CROSS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 15,000

BIG BROTHERS BIG SISTERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 41,058

CATHOLIC CHARITIES DIOCESE OF LUBB

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 45,000

COMMUNITIES IN SCHOOLS SOUTH PLAINS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 107,523

CASA OF THE SOUTH PLAINS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 50,000

EARLY LEARNING CENTERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 165,000

GIRL SCOUTS OF TEXAS OKLAHOMA PLAIN

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 40,000

GOODWILL INDUSTRIES OF NORTHWEST TE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 175,000

GOODWILL INDUSTRIES OF NORTHWEST TE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 650,000

GUADALUPE-PARKWAY CENTERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 240,000

GUADALUPE-PARKWAY CENTERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 142,400

GUADALUPE-PARKWAY CENTERS

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 11,500

GUADALUPE-PARKWAY NEIGHBORHOOD CENT

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 37,900

LUBBOCK AREA UNITED WAY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 250,000

LUBBOCK AREA UNITED WAY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 140,000

LUBBOCK CHILDREN'S HEALTH CLINIC

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 105,000

PARENTING COTTAGE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 36,000

THE SALVATION ARMY

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 25,000

UPBRING (LUTHERAN SOCIAL SERVICES O

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 15,000

VOLUNTEER CENTER OF LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 74,150

VOLUNTEER CENTER OF LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 70,400

WOMEN'S PROTECTIVE SERVICES OF LUBB

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 75,000

YWCA OF LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 30,000

YWCA OF LUBBOCK

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID UNITED WAY AGENCY 50,000

SOUTH PLAINS COLLEGE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 1,000,000

TALKINGTON COLLEGE OF VISUAL AND PE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 600,000

DAVIS COLLEGE - RANCH MANAGEMENT PR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 147,834

TEXAS TECH UNIVERSITY FOUNDATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 5,000

TEXAS TECH SCHOOL OF LAW

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 50,000

RANCHING HERITAGE ASSOCIATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 40,000

TALKINGTON COLLEGE OF VISUAL AND PE

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 32,500

COLLEGE OF EDUCATION

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 50,000

COLLEGE OF ARTS AND SCIENCES

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 30,000

COLLEGE OF HUMAN SCIENCES

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 54,080

DAVIS COLLEGE OF AGRICULTURAL SCIEN

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 45,500

SCHOOL OF MEDICINEENDOWED CHAIR

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 300,000

THERAPEUTIC TARGETING OF STAR IN ER

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 70,000

TOOLKIT TO IDENTIFY VIRUS-CAUSED CA

AVAILABLE UPON REQUEST
LUBBOCK,TX79401 		NONE PAID EDUCATION 60,000
Total .................................right arrow 3a 9,808,511
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		    14 967,585  
4 Dividends and interest from securities ....     14 3,716,365  
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 .....     15 3,920,478  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,934,273  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMALLET RANCH 		        21,458
bOTHER INCOME - SCHEDULE K-1         43,382
cOTHER INCOME - SCHEDULE K-1         417,987
dDEVITT JONES FARMS         2,090
eLEASE BONUS          
fOTHER INCOME          
12 Subtotal. Add columns (b), (d), and (e) ..   11,538,701 484,917
13Total. Add line 12, columns (b), (d), and (e)..................
13
12,023,618
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT ACCOUNTING FEES 14,513 1,451   13,062

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

TY 2024 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
2 LAMPS - HOBBY LOBBY 2015-10-08 456 456 200DB 7.0000        
2 SETTEES IN LOBBY 2015-10-08 1,552 1,552 200DB 7.0000        
2 SPEARS CHAIRS - LOBBY 2015-08-17 1,471 1,471 200DB 7.0000        
4 MID BACK LEATHER CHAIRS - HEATHER'S OFFICE 2015-10-28 3,045 3,045 200DB 7.0000        
4 MID BACK LEATHER CHAIRS - KAY'S OFFICE 2015-10-28 3,045 3,045 200DB 7.0000        
5X7 RUG - CHERYL'S OFFICE 2015-10-08 279 279 200DB 7.0000        
5X7 RUG - KAY'S OFFICE 2015-10-08 279 279 200DB 7.0000        
8 HIGH BACK LEATHER CHAIRS - TRUSTEE CONFEREN 2015-10-28 7,365 7,365 200DB 7.0000        
8 LEATHER STEELCASE CHAIRS - COMMUNITY CONFER 2015-10-28 1,000 1,000 200DB 7.0000        
8' ROUND RUG - HEATHER'S OFFICE 2015-10-08 749 749 200DB 7.0000        
8' ROUND RUG - KAY'S OFFICE 2015-10-08 499 499 200DB 7.0000        
BARRINGTON ROUND TABLE - HEATHER'S OFFICE 2015-10-28 1,399 1,399 200DB 7.0000        
BARRINGTON ROUND TABLE - KAY'S OFFICE 2015-10-28 1,399 1,399 200DB 7.0000        
CAMERA AND SECURITY SYSTEM 2015-09-08 3,878 3,878 200DB 7.0000        
CAMERAS AND WIRING 2015-05-19 810 810 200DB 7.0000        
CHAIR - CHERYL 2014-04-21 140 140 200DB 7.0000        
COLLIER CONSTRUCTION BUILDING COST 2015-09-03 532,593 113,233 S/L 39.0000 13,656      
COMPUTER 2013-01-01 1,834 1,834 200DB 5.0000        
COMPUTER - CHERYL 2014-04-21 3,530 3,530 200DB 5.0000        
COMPUTER CART - KAY'S OFFICE 2015-10-28 614 614 200DB 7.0000        
CONFERENCE TABLE - TRUSTEE'S BOARD ROOM 2015-10-28 5,964 5,964 200DB 7.0000        
DEPRECIATION   8,088 8,088 MACRS SL CLASS LIFE 7.0000        
DESK - CHERYL - BAKER OFFICE PRODUCTS 2014-04-01 425 425 200DB 7.0000        
FRAMING OF CHRISTINE DEVITT PORTRAIT 2015-10-28 504 504 200DB 7.0000        
FURNITURE - REST HARDW ROUND TABLE LOBBY 2015-08-17 1,388 1,388 200DB 7.0000        
GRANT MAKING SOFTWARE 2016-05-25 8,500 8,500   3.0000        
GRANTMAKING SOFTWARE - FOUNDANT TECHNOLOGY 2014-08-13 12,500 12,500   3.0000        
HARDWARE AND SOFTWARE - BLUE LAYER 2015-06-09 4,068 4,068   3.0000        
HON DESK AND CREDENZA WITH KEYBOARD TRAY 2015-09-23 910 910 200DB 7.0000        
HON L DESK WITH KEYBOARD TRAY 2015-09-23 720 720 200DB 7.0000        
LOT 8 STONECREST OFFICE PARK 2014-09-15 131,688              
OFFICE EQUIPMENT 2006-12-12 7,817 7,817 200DB 7.0000        
PATIO FURNITURE 2016-03-24 2,901 2,901 200DB 7.0000        
POLYCOM CONFERENCE PHONES (2) 2015-09-17 1,104 1,104 200DB 7.0000        
PORTRAIT OF CHRISTINE DEVITT 2015-10-08 437 437 200DB 7.0000        
PURCHASE OF LOT 7A 2015-08-10 75,000              
RUGS FOR LOBBY - LEFTWICH CHAPMAN 2015-10-08 1,965 1,965 200DB 7.0000        
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        
TELECO - CAT6 LINE 2015-09-23 200 200 200DB 7.0000        
TELECO - CAT6 WIRING, HOT SPOT 2015-09-03 795 795 200DB 7.0000        
TELECO - WIRING 2015-05-19 2,160 2,160 200DB 7.0000        
WALL ART AND MIRROR 2015-10-08 605 605 200DB 7.0000        
WISTERIA 2 END TABLES - LOBBY 2015-08-17 400 400 200DB 7.0000        

TY 2024 InvestmentsCorpStockSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Name of Stock End of Year Book Value End of Year Fair Market Value
ARTISAN INTL 2,103,702 2,202,154
BLACKROCK HIGH 2,720,587 2,673,254
CARLYLE PRIVAT INVESTORS 158,613 1,306,299
CLARION PRIVATE INVESTORS 2,709,514 3,015,930
COHEN & STEERS REAL ESTATE 4,533,894 3,804,419
CONSUMER DISCRETIONARY 350,487 356,717
FEG - POF II 3,488,902 6,896,315
FIDELITY INTL INDX 7,207,133 7,393,415
FINANCIAL SELECT SECTOR 1,401,682 1,585,707
HEALTH CARE SELECT SECTOR 498,744 780,985
HPS CORPORATE LENDING 7,000,000 7,116,424
HPS MEZZANINE 2,015,062 4,113,565
HPS SIP V PRIVATE INVESTORS 2,620,280 3,068,575
I SHARE CORE S&P MID CAP 1,758,317 2,095,672
I SHARES 7-10 YEARS 16,489,148 15,801,277
I SHARES BIOTECHNOLOGY    
I SHARES CORE S&P 500 17,057,543 39,226,103
I SHARES CORE SP 500 MSCI EMERGIN 7,244,628 7,446,885
I SHARES MSCI CANADA    
I SHARES MSCI EUROPE FINANCIAL 804,640 832,602
I SHARES MSCI JAPAN 2,679,432 3,232,475
INDUSTRIAL SELECT SECT 348,982 320,309
INVESCO QQQ TR 2,826,431 6,305,000
INVESCO S&P 500 1,028,998 1,147,056
JP MORGAN CTAX 22,567,356 22,704,021
JP MORGAN INVESTMENT CASH 2,473,630 2,473,630
JP MORGAN SWEEP ACCT 460,998 460,998
LUBBOCK DOWNTOWN DEV 150,000 150,000
MATTHEWS CHINA    
MICROZAP INVESTMENT 577,820 577,820
PEG GLOBAL PRIVATE EQUITY 9,405,353 20,136,540
PEG GLOBAL PRIVATE EQUITY X 4,519,175 5,328,160
SCHWAB US TIPS ETF    
SPDR EURO STOXX 50 2,469,164 2,478,232
SVSS IV PRIVATE INVESTORS OFFSHORE 598,178 2,550,126
VANGAURD SMALL-CAP ETF 2,310,646 2,830,018
VANGAURD TOTAL BOND MKT 7,435,289 7,279,070
VANGUARD FTSE EUROPE 1,413,488 1,497,321
VENECK SEMINCONDUCTOR 1,152,378 1,206,007
VENTRURE INV - PRIVATE EQUITY 1,148,473 2,120,083
WISDOMTREEE JAPAN HEDGED EQUITY 1,386,874 1,385,022

TY 2024 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 484,746 175,319 309,427 484,746
MINERAL INTERESTS 12,339,284 12,339,284   12,339,284
DEVITT JONES FARM - LAND & IMPROVEME 29,866 3,187 26,679 29,866
MALLET RANCH - SURFACE 321,306   321,306 321,306

TY 2024 LandEtcSchedule2
Name:
CH FOUNDATION INC
EIN:
75-1534816
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
CAMERAS AND WIRING 7,843 7,843   7,500
COMPUTER SOFTWARE 25,068 25,068   15,000
FURNITURE AND FIXTURES 39,511 39,511   35,000
OFFICE EQUIPMENT 13,181 13,181   10,000
STONECREST OFFICE BUILDING 532,593 126,889 405,704 532,593
TELEPHONES AND TELEVISION 3,703 3,703   3,000
LOT 8 STONECREST OFFICE PARK LAND 131,688   131,688 131,688
LOT7A STONECREST OFFICE PARK LAND 75,000   75,000 75,000


TY 2024 LegalFeesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INDIRECT LEGAL FEES 2,784 278   2,505


TY 2024 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 DEVITT-JONES FARM 20,517 23,060 23,060
INVESTMENT IN MALLET RANCH 210,824 215,268 215,268
PROGRAM RELATED INVESTMENT - BHH 28,089,317 28,089,317 28,294,733


TY 2024 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        
BONUS 1,000 100   900
COMMUNITY OUTREACH 11,640 1,164   10,476
COMPUTER REPAIRS 3,528 353   3,175
CONTRIBUTIONS 700     700
DUES AND SUBSCRIPTIONS 3,607 361   3,246
INSURANCE 16,950 1,695   15,255
K-1 OTHER DEDUCTIONS 519,274 519,274    
K-1 OTHER DEDUCTIONS 100,917 100,917    
MILEAGE 1,510 151   1,359
OFFICE PARK FEES 1,825 183   1,642
OFFICE SUPPLIES/EXPENSE 8,143 814   7,329
OIL MARKETING SERVICES 6,600 6,600    
REPAIRS AND MAINTENANCE 63,930 6,393   57,537
SMALL FURNTURE & EQUIPMENT 3,897 390   3,507
SOFTWARE 10,340 1,034   9,306
TELEPHONE 5,765 576   5,189
UTILITIES 4,388 439   3,949


TY 2024 OtherIncomeSchedule2
Name:
CH FOUNDATION INC
EIN:
75-1534816
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ROYALTIES - O&G 3,920,478 3,920,478  
MALLET RANCH 21,458 21,458  
OTHER INCOME - SCHEDULE K-1 43,382 43,382  
OTHER INCOME - SCHEDULE K-1 417,987 417,987  
DEVITT JONES FARMS 2,090 2,090  


TY 2024 OtherIncreasesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Description Amount
PREFERENCE DEPLETION 588,072


TY 2024 OtherLiabilitiesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Description Beginning of Year - Book Value End of Year - Book Value
ACCOUNTS PAYABLE - CC 1,354 2,068
LINE OF CREDIT - JP MORGAN 28,089,317 28,089,317


TY 2024 OtherProfessionalFeesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 2,926 293   2,633
INVESTMENT FEES 181,521 181,521    
PROPERTY TAX CONSULTANT 2,605 261   2,344


TY 2024 TaxesSchedule
Name:
CH FOUNDATION INC
EIN:
75-1534816
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AD VALOREM TAXES 413,475 413,475    
EXCISE TAXES 61,277      
FOREIGN TAXES PAID 57,796 57,796    
OIL & GAS SEVERANCE TAXES 152,145 152,145