﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-11-13T06:20:21-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Owens and Thurman PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>400 S Zang Boulevard Suite 815</AddressLine1>
        <City>Dallas</City>
        <State>TX</State>
        <ZIPCode>75208</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>751517153</EIN>
      <Name>
        <BusinessNameLine1>Ivy &amp; Pearl Foundation of Dallas</BusinessNameLine1>
      </Name>
      <NameControl>IVY&amp;</NameControl>
      <Phone>2143718011</Phone>
      <USAddress>
        <AddressLine1>P O Box 224487</AddressLine1>
        <City>Dallas</City>
        <State>TX</State>
        <ZIPCode>752224487</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Jearlene Miller</Name>
      <Title>Treasurer</Title>
      <DateSigned>2013-11-13</DateSigned>
      <AuthorizeThirdParty>false</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Diccy Thurman CPA</Name>
      <Phone>2149412361</Phone>
      <DatePrepared>2013-11-13</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990EZ documentId="990EZ" softwareId="12000057" softwareVersion="12.19.1011.1">
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="990A">X</Organization501c3>
      <GrossReceipts>7376</GrossReceipts>
      <ContributionsGiftsGrantsEtc>7376</ContributionsGiftsGrantsEtc>
      <TotalRevenue>7376</TotalRevenue>
      <ExcessOrDeficitForYear>7376</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>401136</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>408512</NetAssetsOrFundBalancesEOY>
      <CashSavingsAndInvestments>
        <BOY>350791</BOY>
        <EOY>358167</EOY>
      </CashSavingsAndInvestments>
      <LandAndBuildings>
        <BOY>50345</BOY>
        <EOY>50345</EOY>
      </LandAndBuildings>
      <TotalAssets>
        <BOY>401136</BOY>
        <EOY>408512</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>401136</BOY>
        <EOY>408512</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>COMMUNITY SERVICE</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>Scholarships are awarded in connection with youth activities that present young ladies to society while providing educational opportunities.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Marian Willard</PersonName>
        <Title>President</Title>
        <AvgHoursPerWkDevotedToPosition>004.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Garline Shaw</PersonName>
        <Title>Vice-President</Title>
        <AvgHoursPerWkDevotedToPosition>004.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Delores Shaw</PersonName>
        <Title>Secretary</Title>
        <AvgHoursPerWkDevotedToPosition>004.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Jearlene Miller</PersonName>
        <Title>Treasurer</Title>
        <AvgHoursPerWkDevotedToPosition>004.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Altonette Ford</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Lena Grace</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Alicia Grinage</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Sheri Hayes</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Donnetta Henry</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Kim McCree</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Rita Cloman</PersonName>
        <Title>Director</Title>
        <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <TaxImposedUnderIRC4911>0</TaxImposedUnderIRC4911>
      <TaxImposedUnderIRC4912>0</TaxImposedUnderIRC4912>
      <TaxImposedUnderIRC4955>0</TaxImposedUnderIRC4955>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <TheBooksAreInCareOf>
        <NamePerson>Barbara Roberts Treasurer</NamePerson>
        <AddressUS>
          <AddressLine1>PO Box 224487</AddressLine1>
          <City>Dallas</City>
          <State>TX</State>
          <ZIPCode>752224487</ZIPCode>
        </AddressUS>
        <TelephoneNumber>2149412361</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="990A" softwareId="12000057" softwareVersion="12.19.1011.1">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <PublicSupportTotal170>0</PublicSupportTotal170>
      <PublicSupportPertcentage170>0.00000</PublicSupportPertcentage170>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>112758</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>32411</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>22433</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22080</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7376</CurrentTaxYear>
        <Total>197058</Total>
      </GiftsGrantsContribReceived509>
      <Total509>
        <CurrentTaxYearMinus4Years>112758</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>32411</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>22433</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>22080</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7376</CurrentTaxYear>
        <Total>197058</Total>
      </Total509>
      <PublicSupportTotal509>197058</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>8735</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>5214</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>6700</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>5026</CurrentTaxYearMinus1Year>
        <Total>25675</Total>
      </GrossInvestmentIncome509>
      <Post1975UBTI>
        <Total>0</Total>
      </Post1975UBTI>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>8735</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>5214</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>6700</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>5026</CurrentTaxYearMinus1Year>
        <Total>25675</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <Total>0</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>121493</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>37625</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>29133</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>27106</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>7376</CurrentTaxYear>
        <Total>222733</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.88470</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.87000</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.11530</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.13000</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B" softwareId="12000057" softwareVersion="12.19.1011.1">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleG documentId="990G" softwareId="12000057" softwareVersion="12.19.1011.1"></IRS990ScheduleG>
    <CompensationExplanation documentId="990EZ:44" softwareId="12000057" softwareVersion="12.19.1011.1"></CompensationExplanation>
  </ReturnData>
</Return>