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    <Timestamp>2012-07-23T11:36:40-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
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        <BusinessNameLine1>SHIEH LEE &amp; COMPANY</BusinessNameLine1>
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        <City>HOUSTON</City>
        <State>TX</State>
        <ZIPCode>770363467</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
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      <Name>
        <BusinessNameLine1>E &amp; M FOUNDATION INC</BusinessNameLine1>
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      <Phone>7139549507</Phone>
      <USAddress>
        <AddressLine1>P O BOX 772866</AddressLine1>
        <City>HOUSTON</City>
        <State>TX</State>
        <ZIPCode>77215</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>EMILY WANG</Name>
      <Title>DIRECTOR</Title>
      <Phone>7139549507</Phone>
      <DateSigned>2012-06-25</DateSigned>
    </Officer>
    <Preparer>
      <Name>VERA LEE</Name>
      <Phone>7139549507</Phone>
      <DatePrepared>2012-07-23</DatePrepared>
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    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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        <TaxUnderSection511>0</TaxUnderSection511>
        <TaxBasedOnInvestmentIncome>0</TaxBasedOnInvestmentIncome>
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        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
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        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
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        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
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        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
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        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
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          <City>HOUSTON</City>
          <State>TX</State>
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        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
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        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
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        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
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        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
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        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
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          <USAddress>
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            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77215</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
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          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MING WANG</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 772866</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
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          </USAddress>
          <Title>DIRECTOR</Title>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>GRACE SHIEH</PersonName>
          <USAddress>
            <AddressLine1>9889 BELLAIRE 127</AddressLine1>
            <City>HOUSTO</City>
            <State>TX</State>
            <ZIPCode>77036</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
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          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
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        <AvgMonthlyCashBalances>3677</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
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        <DistributableAmountBeforeAdj>8793</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>8793</DistributableAmountBeforeDed>
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        <QualifyingDistributions>11600</QualifyingDistributions>
        <AdjQualifyingDistributions>11600</AdjQualifyingDistributions>
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      <SupplementaryInformation>
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          <RecipientBusinessName>
            <BusinessNameLine1>TEXAS BUDDHIST ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6969 WEST BRANCH DR</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77072</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>EXEMPT ORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF ST THOMAS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3800 MONTROSE BLVD</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77006</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>EXEMPT ORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
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          <RecipientUSAddress>
            <AddressLine1>4203 MONTROSE BLVD SUITE 200</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77006</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>EXEMPTORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
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        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOUSTON EVERGREEN CHINESE SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77036</ZIPCode>
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          <RecipientFoundationStatus>EXEMPTORG</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>200</Amount>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHINESE COMMUNITY CENTER</BusinessNameLine1>
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          <RecipientUSAddress>
            <AddressLine1>9800 TOWN PARK DRIVE</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77036</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>EXEMPT ORG</RecipientFoundationStatus>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOUSTON TAIPEI SOCIETYCITY OF HOUSTON</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>77004</ZIPCode>
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          <RecipientFoundationStatus>EXEMPT ORG</RecipientFoundationStatus>
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        <GrantOrContriPaidDuringYear>
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            <State>AZ</State>
            <ZIPCode>85718</ZIPCode>
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      <AllOthProgRltdInvestments>
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      <InvestmentsCorpStock>
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        <Description>TAX REFUND DEPOSIT</Description>
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        <AdjustedNetIncome>24</AdjustedNetIncome>
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    </OtherIncomeSchedule2>
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