2015-08-26T13:31:47-05:00 2014-12-31 420714325 MCGLADREY LLP 201 NORTH HARRISON DAVENPORT IA 52801 990 2014-01-01 237436194 W W CARUTH JR FOUNDATION WWCA 2147504222 5500 CARUTH HAVEN LANE DALLAS TX 75225 BRENT E CHRISTOPHER PRESIDENT AND CEO 2147504222 2015-08-26 1 JOHN ROMANO P00227323 5638884000 2014 2016-03-07 17:11:31Z X COMMUNITIES FND OF TEXAS 5500 CARUTH HAVEN LANE DALLAS TX 75225 166554200 0 X NONE X 1975 TX SEE SCH O. 1 1 0 0 401361 200180 50662652 0 0 0 50408423 16421530 531962 2022927 101603037 18444457 4338880 15980637 0 0 1004727 3785726 0 0 0 2293274 521392 7636881 20287755 93966156 -1843298 351101767 350523097 0 0 351101767 350523097 X SEE SCH O. 0 0 17734792 15980637 THE FOUNDATION ACHIEVES ITS MISSION BY MAKING GRANTS TO THE SUPPORTED ORGANIZATION, COMMUNITIES FOUNDATION OF TEXAS, WHO DIRECTS FUNDS RECEIVED BY THE FOUNDATION TO QUALIFIED SCIENTIFIC AND MEDICAL RESEARCH, EDUCATION AND PUBLIC SAFETY.PROFESSIONAL SERVICES FEES ARE PAID TO CFT FOR ADMINISTRATIVE AND GRANT-MAKING ACTIVITIES. 17734792 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 1 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X KRISTINE THOMAS 2147504222 5500 CARUTH HAVEN LANE DALLAS TX 75225 JAMES E BASS MANAGEMENT TRUSTEE 1.00 X 0 0 0 FREDERICK B HEGI JR MANAGEMENT TRUSTEE 1.00 X X 0 0 0 FRANK A RISCH MANAGEMENT TRUSTEE 1.00 X X 0 0 0 BRENT E CHRISTOPHER MANAGEMENT TRUSTEE 1.00 X X 0 403000 29803 KENNETH HERSH MANAGEMENT TRUSTEE 1.00 X 0 0 0 BOBBY B LYLE MANAGEMENT TRUSTEE 1.00 X 0 0 0 TERDEMA L USSERY II MANAGEMENT TRUSTEE 1.00 X 0 0 0 CARLOS GONZALEZ PENA MANAGEMENT TRUSTEE 1.00 X 0 0 0 HONORABLE FLORENCE SHAPIRO MANAGEMENT TRUSTEE 1.00 X 0 0 0 JACK M KINNEBREW MANAGEMENT TRUSTEE 1.00 X 0 0 0 JOHN MCSTAY MANAGEMENT TRUSTEE 1.00 X 0 0 0 HAROLD MONTGOMERY MANAGEMENT TRUSTEE 1.00 X 0 0 0 BECKY BRIGHT MANAGEMENT TRUSTEE 1.00 X 0 0 0 KAREN L SHUFORD MANAGEMENT TRUSTEE 1.00 X 0 0 0 JUDITH W GIBBS MANAGEMENT TRUSTEE 1.00 X 0 0 0 CHRIS KLEINERT MANAGEMENT TRUSTEE 1.00 X 0 0 0 NICOLE G SMALL MANAGEMENT TRUSTEE 1.00 X 0 0 0 BANK OF AMERICA NA FISCAL TRUSTEE 35.00 X 2031571 0 0 COMMUNITIES FOUNDATION OF TEXAS INC MANAGEMENT TRUSTEE 35.00 X 1754155 0 0 3785726 403000 29803 0 0 1 0 0 7314811 7314811 354725 347342 7383 7383 7383 156869120 147762401 9106719 9106719 9106719 MEDALLION CENTER PARTNERS LP 531390 1422515 1422515 CARUTH PRESTON RD ASSOC LTD 531390 1012656 1012656 CARUTH BUILDING SVC INC 531390 401361 401361 -820988 -820988 2015544 18444457 0 401361 18043096 15980637 15980637 3785726 1754155 2031571 OTHER REAL ESTATE EXPEN 385760 385760 OTHER FEES 135632 135632 20287755 17734792 2552963 0 26761938 14784173 20041655 19941081 20041655 208668239 268123101 95730509 47574168 351101767 350523097 0 0 X 351101767 350523097 0 0 0 0 351101767 350523097 351101767 350523097 X -1843298 1024611 240017 X X 0 1 X 1 0 X X X 1 COMMUNITIES FND OF TEXAS 750964565 501(C)(3) 1 15980637 0 1 15980637 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20041655 20041655 20041655 38426584 C POWERSHARES DBC INDEX TRACKING F 3994516 C EXCELSIOR PRIVATE MARKETS FUND I 5153068 C 47574168 X PART X, LINE 2: FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED WHEN CHALLENEGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS ENDING ON OR PRIOR TO DECEMBER 31, 2011. 1 COMMUNITIES FOUNDATION OF TEXAS INC 5500 CARUTH HAVEN LANE DALLAS TX 75225 750964565 170(B)1(A)(VI) 15980637 SEE PART IV. PART I, LINE 2: PER THE GOVERNING DOCUMENT, THE BOARD OF TRUSTEES OF COMMUNITIES FOUNDATION OF TEXAS, INC. HAVE THE SOLE AUTHORITY AND RESPONSIBILITY OF SELECTING AND MONITORING FUNDS GRANTED TO QUALIFIED ORGANIZATIONS. SCHEDULE I, PART II, LINE 1(H) SUPPORT FOR GRANTS MADE TO QUALIFIED ORGANIZATIONS IN THE FIELDS OF SCIENTIFIC AND MEDICAL RESEARCH, EDUCATION, AND PUBLIC SAFETY. 0 0 0 0 0 0 0 0 0 BRENT E CHRISTOPHER MANAGEMENT TRUSTEE 0 324000 0 79000 0 0 0 0 0 29803 0 432803 0 0 FORM 990, PART I, LINE 1 THIS TRUST WAS CREATED EXCLUSIVELY FOR THE COMMUNITIES FOUNDATION OF TEXAS (CFT), ITS SUPPORTED ORGANIZATION. CFT'S BOARD OF TRUSTEES SHALL DIRECT FUNDING RECEIVED BY THE TRUST TO SUPPORT NONPROFITS IN THE FIELDS OF EDUCATION, PUBLIC SAFETY AND SCIENTIFIC AND MEDICAL RESEARCH TO WORK TOWARD SOLVING COMPLEX COMMUNITY ISSUES IN THESE AREAS. FORM 990, PART III, LIINE 1 THIS TRUST WAS CREATED EXCLUSIVELY FOR THE COMMUNITIES FOUNDATION OF TEXAS (CFT), ITS SUPPORTED ORGANIZATION. CFT'S BOARD OF TRUSTEES SHALL DIRECT FUNDING RECEIVED BY THE TRUST TO SUPPORT NONPROFITS IN THE FIELDS OF EDUCATION, PUBLIC SAFETY AND SCIENTIFIC AND MEDICAL RESEARCH TO WORK TOWARD SOLVING COMPLEX COMMUNITY ISSUES IN THESE AREAS. FORM 990, PART VI, SECTION A, LINE 4 THE TRUST AGREEMENT HAS BEEN MODIFIED BY THE COURT TO ELIMINATE THE REQUIREMENT OF A SEPARATE FISCAL TRUSTEE AND MANAGEMENT TRUSTEE, WITH CFT TO SERVE AS THE SOLE TRUSTEE OF THE TRUST, TO ACT WITH ALL POWERS OF A TRUSTEE. THE TRUST AGREEMENT HAS BEEN MODIFIED TO ELIMINATE THE CORPUS RESTRICTIONS IN FAVOR OF A TOTAL RETURN DISTRIBUTION APPROACH. FORM 990, PART VI, SECTION B, LINE 11 THE STAFF OF CFT REVIEWS THE TRUST'S FORM 990 WITH THE AUDIT AND FINANCE COMMITTEE OF THE CFT BOARD OF TRUSTEES. THE FORM 990 IS THEN POSTED AND MADE AVAILABLE FOR THE ENTIRE CFT BOARD OF TRUSTEES ON THE FOUNDATION'S INTERNAL WEBSITE PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL AUDITED FINANCIAL STATEMENTS OF THE TRUST ARE CONSOLIDATED WITH THE SUPPORTED ORGANIZATION, CFT, AND ARE AVAILABLE THROUGH THEIR WEBSITE. WE DO NOT MAKE AVAILABLE OUR GOVERNING DOCUMENTS OR THE CONFLICT OF ITNEREST POLICY. FORM 990, PART XI, LINE 9: BASIS ADJUSTMENT - 54.5573 ACRES, EAST SIDE NORTH 100,574. OTHER ADJUSTMENT 139,443. FORM 990, PART XII, LINE 2C COMMUNITY FOUNDATION OF TEXAS'S FINANCE AND AUDIT COMMITTEE IS NOW REVIEWING AND PROVIDING OVERSIGHT OF THE AUDIT OF THE FOUNDATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. FORM 990, PART VI, LINES 12A, 13, AND 14 THE FILING ORGANIZATION ITSELF DOES NOT HAVE CONFLICT OF INTEREST, WHISTLEBLOWER, OR DOCUMENT RETENTION AND DESTRUCTION POLICIES BECAUSE IT HAS NO EMPLOYEES. ALL MATTERS ARE HANDLED BY THE STAFF OF THE SUPPORTING ORGANIZATION, CFT, WHICH DOES HAVE ALL OF THESE POLICIES. THESE POLICIES ALSO APPLY TO THE CFT TRUSTEES WHO, FOR THE MAJORITY OF 2014 WERE MANAGEMENT TRUSTEES OF THE FILING ORGANIZATION AND FOR THE REMAINDER OF THE YEAR WERE TRUSTEES OF THE ORGANIZATION (CFT) WHICH WAS THE SOLE TRUSTEE OF THE FILING ORGANIZATION. 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