CRAIN FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CRAIN FOUNDATION (EIN 75-2698267)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-14
IRS object ID: 201233199349100228
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Investments Corp Bonds Schedule
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-14T10:54:21-06:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	752409112	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HUSELTON MORGAN & MAULTSBY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	12221 MERIT DRIVE SUITE 1800	AddressLine1
City	DALLAS	City
State	TX	State
ZIP Code	75251	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	752698267	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE CRAIN FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CRAI	NameControl
Phone	9037588276	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 2146	AddressLine1
City	LONGVIEW	City
State	TX	State
ZIP Code	75606	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SUSAN MINCEY	Name
Title	VP/ TREAS	Title
Phone	9037588276	Phone
Date Signed	2012-11-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DEBORAH EDDINS	Name
PTIN	P00221821	PTIN
Phone	9724041010	Phone

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	26864763	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	1000000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	21025	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	21025	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	347121	DividendsRevAndExpnss
Dividends Net Invst Incm	345419	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	-10644	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	19	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	406481	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	328117	OtherIncomeNetInvstIncm
Total Revenue And Expenses	1763983	TotalRevenueAndExpenses
Total Net Investment Income	694561	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss	8000	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	8000	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	0	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	10481	TaxesRevAndExpnss
Taxes Net Invst Incm	4330	TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps	0	TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss	67148	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	67148	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	0	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	85629	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	79478	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	985700	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	985700	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	1071329	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	79478	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	985700	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	692654	ExcessOfRevenueOverExpenses
Net Investment Income	615083	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	9279203	CashBOY
Cash EOY	9672801	CashEOY
Cash EOYFMV	9672801	CashEOYFMV
Accounts Receivable	34805	AccountsReceivable
Accounts Receivable BOY	18737	AccountsReceivableBOY
Accounts Receivable EOY	34805	AccountsReceivableEOY
Accounts Receivable EOYFMV	34805	AccountsReceivableEOYFMV
Investments Corp Stock BOY	6825041	InvestmentsCorpStockBOY
Investments Corp Stock EOY	6945870	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	7011079	InvestmentsCorpStockEOYFMV
Investments Corp Bonds BOY	6845950	InvestmentsCorpBondsBOY
Investments Corp Bonds EOY	7034632	InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV	7431717	InvestmentsCorpBondsEOYFMV
Investments Other BOY	2739170	InvestmentsOtherBOY
Investments Other EOY	2714361	InvestmentsOtherEOY
Investments Other EOYFMV	2714361	InvestmentsOtherEOYFMV
Total Assets BOY	25708101	TotalAssetsBOY
Total Assets EOY	26402469	TotalAssetsEOY
Total Assets EOYFMV	26864763	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	0	CapitalStockBOY
Capital Stock EOY	0	CapitalStockEOY
Paid In Or Capital Surplus BOY	0	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	0	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	25708101	RetainedEarningsBOY
Retained Earnings EOY	26402469	RetainedEarningsEOY
Total Net Assets BOY	25708101	TotalNetAssetsBOY
Total Net Assets EOY	26402469	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	25708101	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	26402469	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	25708101	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	692654	ExcessOfRevenueOverExpenses
Other Increases	1714	OtherIncreases
Subtotal	26402469	Subtotal
Other Decreases	0	OtherDecreases
Total Net Assets Fund Balances EOY	26402469	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses	Gross Sales PriceGrossSalesPrice
GROSVENOR INSTITUTIONAL PARTNERS LP	P	494	-494	-494
GROSVENOR INSTITUTIONAL PARTNERS LP	P	10157	-10157	-10157
.7645 SHS AMERICAN INTERNATIONAL GROUP INC	P	12	0	0	12
CAPITAL GAINS DIVIDENDS	P		7	7	7

Field	Value	IRS element (for citing)
Capital Gain Net Income	-10644	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	666100	QualifyingDistributionsYear1
Noncharitable Assets Year1	24390973	NoncharitableAssetsYear1
Distribution Ratio Year1	0.027309	DistributionRatioYear1
Qualifying Distributions Year2	560000	QualifyingDistributionsYear2
Noncharitable Assets Year2	22223212	NoncharitableAssetsYear2
Distribution Ratio Year2	0.025199	DistributionRatioYear2
Qualifying Distributions Year3	884000	QualifyingDistributionsYear3
Noncharitable Assets Year3	17141953	NoncharitableAssetsYear3
Distribution Ratio Year3	0.051569	DistributionRatioYear3
Qualifying Distributions Year4	753900	QualifyingDistributionsYear4
Noncharitable Assets Year4	15157374	NoncharitableAssetsYear4
Distribution Ratio Year4	0.049738	DistributionRatioYear4
Qualifying Distributions Year5	259245	QualifyingDistributionsYear5
Noncharitable Assets Year5	11208563	NoncharitableAssetsYear5
Distribution Ratio Year5	0.023129	DistributionRatioYear5
Total Distribution Ratio	0.176944	TotalDistributionRatio
Average Distribution Ratio	0.035389	AverageDistributionRatio
Net Noncharitable Assets	26507708	NetNoncharitableAssets
Adjusted Noncharitable Assets	938081	AdjustedNoncharitableAssets
One Percent Net Investment Income	6151	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	944232	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	985700	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	6151	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	6151	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	6151	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	18440	EstTaxPaymentsAndOverpayment
Tax Paid With Extension	4060	TaxPaidWithExtension
Total Credits And Payments	22500	TotalCreditsAndPayments
Form2220 Attached	X	Form2220Attached
Overpayment	16349	Overpayment
Amount Credited To Next Year	16349	AmountCreditedToNextYear
Amount To Be Refunded	0	AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	0	UnrelatedBusIncomeOver1000
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	TX	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	SUSAN MINCEY	BooksInCareOfPersonName
Books In Care Of Phone Number	9037588276	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	222 E TYLER	AddressLine1
City	LONGVIEW	City
State	TX	State
ZIP Code	75601	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	1	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	0	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	0	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (7 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
ANN LACY CRAIN
222 E TYLER STREET	LONGVIEW	TX	75601	PRES/ DIRECTOR	1.00	0	0	0
ROGERS L CRAIN
712 MAIN STREET SUITE 3400	HOUSTON	TX	77002	VP/ SEC/ DIRECTOR	1.00	0	0	0
B WALTER CRAIN III
712 MAIN STREET SUITE 3400	HOUSTON	TX	77002	VP/ DIRECTOR	1.00	0	0	0
ANN LACY CRAIN II
712 MAIN STREET SUITE 3400	HOUSTON	TX	77002	VP/ DIRECTOR	1.00	0	0	0
SUSAN MINCEY
222 E TYLER STREET	LONGVIEW	TX	75601	VP/ TREAS	1.00	0	0	0
DARREN GROCE
222 E TYLER STREET	LONGVIEW	TX	75601	VP	1.00	0	0	0
TERRI DOWNING
222 E TYLER STREET	LONGVIEW	TX	75601	CONTROLLER	1.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	14599238	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	8446007	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	3866134	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	26911379	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	26911379	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	403671	CashDeemedCharitable
Net Noncharitable Assets	26507708	NetNoncharitableAssets
Minimum Investment Return	1325385	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	1325385	MinimumInvestmentReturn
Tax Based On Investment Income	6151	TaxBasedOnInvestmentIncome
Total Tax	6151	TotalTax
Distributable Amount Before Adj	1319234	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	1319234	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	1319234	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	985700	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	985700	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	6151	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	979549	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	1319234	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year1	52162	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	52162	TotalExcessDistriCarryover
Qualifying Distributions	985700	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	985700	AppliedToCurrentYear
Remaining Distri From Corpus	0	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	52162	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	52162	ExcessDistriCyovAppliedCY
Total Corpus	0	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	281372	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	0	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	0	ExcessDistriCyovToNextYear

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Field	Value	IRS element (for citing)
Recipient Name	ANN LACY CRAIN	RecipientName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2146	AddressLine1
City	LONGVIEW	City
State	TX	State
ZIP Code	75606	ZIPCode

Field	Value	IRS element (for citing)
Recipient Phone Number	9037588276	RecipientPhoneNumber
Form And Info And Materials	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.	FormAndInfoAndMaterials
Submission Deadlines	APPLICATIONS ARE ACCEPTED AT ANY TIME	SubmissionDeadlines
Restrictions On Awards	GRANTS ARE MADE ONLY TO TAX-EXEMPT ORGANIZATIONS QUALIFYING AS SEC. 501(C)(3) ORGANIZATIONS OR SIMILAR EXEMPTION.	RestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (63 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount	Address Line2RecipientUSAddress/AddressLine2
ACADIANA AREA RED CROSS
101 N PAT ST	SCOTT	LA	70583	NONE	PUBLIC	GENERAL CONTRIBUTION	$7,500
AMERICAN RED CROSS
1604 HIGHWAY 31	LONGVIEW	TX	75604	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
ARC OF GREGG COUNTY THE
PO BOX 522	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
BAYLOR COLLEGE OF MEDICINE
ONE BAYLOR PLAZA MSBCM 160	HOUSTON	TX	77030	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
BAYOU BEND COLLECTIONSGARDENS
PO BOX 6826	HOUSTON	TX	77265	NONE	PUBLIC	PROGRAMS	$23,000
BO'S PLACE
10050 BUFFALO SPEEDWAY	HOUSTON	TX	77054	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
BOY SCOUTS OF AMERICA
1331 E FIFTH STREET	TYLER	TX	75701	NONE	PUBLIC	GENERAL CONTRIBUTION	$2,500
BOYS AND GIRLS CLUB OF GREGG CO
PO BOX 2426	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
BRAVEHEART CHILDREN IN NEED
PO BOX 41222	BATON ROUGE	LA	70835	NONE	PUBLIC	MATCHING CONTRIBUTION	$500
BUFFALO BAYOU PARTNERSHIP
1113 VINE STREET SUITE 200	HOUSTON	TX	77002	NONE	PUBLIC	DONATION TO OPERATING BUDGET	$10,000
CAMP ALLEN
18800 FM 362	NAVASOTA	TX	77868	NONE	PUBLIC	IN HONOR OF THE RIGHT REV & MRS MAURICE BENITEZ	$1,000
CAMP FOR ALL FOUNDATION
10500 NW FREEWAY SUITE 220	HOUSTON	TX	77092	NONE	PUBLIC	REACHING FOR THE STARS	$25,000
CHILDREN'S FUND INC THE
PO BOX 56303	HOUSTON	TX	77256	NONE	PUBLIC	GENERAL CONTRIBUTION, ON BEHALF OF JAMES & ELIZABETH WHITEHEAD	$20,000
COLGATE UNIVERSITY
13 OAK DRIVE	HAMILTON	NJ	13346	NONE	PUBLIC	GENERAL CONTRIBUTION- IN HONOR OF JANE LYNCH CRAIN	$2,500
DIANA VOLUNTEER FIRE DEPARTMENT
10496 STATE HWY 154	DIANA	TX	75640	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
EAST TEXAS CHILD ADVOCATES
PO BOX 3838	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
EAST TEXAS LITERACY COUNCIL
PO BOX 311	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
EPISCOPAL HIGH SCHOOL
PO BOX 271299	HOUSTON	TX	77277	NONE	PUBLIC	GENERAL CONTRIBUTION	$133,500
GLADEWATER VOLUNTEER FIRE DEPARTMENT
511 S TYLER RD	GLADEWATER	TX	75647	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
GREENWOOD CEMETERY ASSOCIATION
PO BOX 4625	LONGVIEW	TX	75606	NONE	CEMETERY	GENERAL CONTRIBUTION- GENERAL CONTRIBUTION	$500
GREGG COUNTY HISTORICAL COMM
PO BOX 3342	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
HAITI FUND
PO BOX 10775	EL DORADO	AR	71730	NONE	PUBLIC	GENERAL CONTRIBUTION	$250
HARLETON VOLUNTEER FIRE DEPARTMENT
PO BOX 323	HARLETON	TX	75651	NONE	PUBLIC	ENDOWMENT CAPITAL CAMPAIGN	$500
HEARTLIGHT MINISTRIES
PO BOX 480	HALLSVILLE	TX	75650	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
HIWAY 80 RESCUE MISSION
PO BOX 3223	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$11,200
HOLLY HALL SILVER TEA
2000 HOLLY HALL STREET	HOUSTON	TX	77054	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
HOUSTON ARBORETUM & NATURE CENTER
4501 WOODWAY DRIVE	HOUSTON	TX	77024	NONE	PUBLIC	OPERATING BUDGET	$5,000
HOUSTON PBS
4343 ELGIN ST	HOUSTON	TX	77204	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
JUDSON-METRO VOLUNTEER FIRE DEPARTMENT
PO BOX 429	JUDSON	TX	75660	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
JUNIOR LEAGUE OF HOUSTON
DEPT 304 PO BOX 4346	HOUSTON	TX	77210	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
KENYON COLLEGE
DUFF STREET	GAMBIER	OH	43022	NONE	PUBLIC	IN HONOR OF JOHN M CRAIN	$2,500
LAWRENCEVILLE SCHOOL THE
PO BOX 6125	LAWRENCEVILLE	NJ	08648	NONE	PUBLIC	GENERAL CONTRIBUTION, IN HONOR OF JANE LYNCH CRAIN	$78,500
LONGVIEW COMMUNITY MINISTRIES
506 N SECOND ST	LONGVIEW	TX	75601	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,500
LONGVIEW HABITAT FOR HUMANITY
300 W TYLER ST	LONGVIEW	TX	75601	NONE	PUBLIC	BUILDOPOLY, RAISIN' THE ROOF, NEW BUILDING FUND	$102,000
LONGVIEW MUSEUM OF FINE ARTS
PO BOX 3484	LONGVIEW	TX	75606	NONE	PUBLIC	SPOOKY ART SHOW, GENERAL CONTRIBUTION	$1,250
MAKE-A-WISH FOUNDATION
4742 N 24TH ST SUITE 400	PHOENIX	AZ	85016	NONE	PUBLIC	"SHOOTING STARS" SPONSORSHIP	$1,000
NEUHAUS EDUCATION CENTER
4433 BISSONNET	BELLAIRE	TX	77401	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
NEWGATE MISSION
PO BOX 3891	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$20,000
PL MINISTRIESHANNAH HOUSE
PO BOX 6081	LONGVIEW	TX	75608	NONE	PUBLIC	MATCHING CONTRIBUTION	$500
PRESBYTERIAN CAMPS AT GILMONT
PO BOX 683	LONGVIEW	TX	75606	NONE	PUBLIC	GENERAL CONTRIBUTION	$20,900
PRESBYTERIAN CHILDREN'S HOME
4407 BEE CAVE ROAD SUITE 520	AUSTIN	TX	78746	NONE	PUBLIC	MATCHING CONTRIBUTION	$250
RHODES COLLEGE
2000 NORTH PARKWAY	MEMPHIS	TN	38112	NONE	PUBLIC	ANNUAL GIVING, CAMPAIGN FOR RHODES	$75,000
RIVER OAKS BAPTIST SCHOOL
2300 WILLOWICK	HOUSTON	TX	77027	NONE	PUBLIC	ENDOWMENT CAPITAL CAMPAIGN, ANNUAL GIVING	$51,000
SABINE VOLUNTEER FIRE DEPARTMENT
6144 GATEWAY CIRCLE	KILGORE	TX	75662	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
SALVATION ARMY THE
519 EAST COTTON STREET	LONGVIEW	TX	75601	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
SOUTHERN METHODIST UNIVERSITY
PO BOX 750100	DALLAS	TX	75275	NONE	PUBLIC	PROGRAMS	$212,500
ST JOHN DIVINE EPISCOPAL CHURCH
2450 RIVER OAKS BLVD	HOUSTON	TX	77019	NONE	PUBLIC	GENERAL CONTRIBUTION	$15,000
ST JOHN'S SCHOOL
2401 CLAREMONT LANE	HOUSTON	TX	77019	NONE	PUBLIC	IN HONOR OF JOHN M CRAIN AND PETER L CRAIN	$5,000
ST JAMES' HOUSE
5800 WEST BAKER RD	BAYTOWN	TX	77520	NONE	PUBLIC	IN HONOR OF THE RIGHT REV & MRS CLAUDE PAYNE	$1,000
ST LUKE'S EPISCOPAL HEALTH SYSTEM
PO BOX 20269 MC 3-206	HOUSTON	TX	77225	NONE	PUBLIC	IN HONOR OF THE RIGHT REV & MRS DON WIMBERLEY	$1,000
THEATRE HALLSVILLE
PO BOX 810	HALLSVILLE	TX	75650	NONE	PUBLIC	MATCHING CONTRIBUTION	$500
TOMORROW FUND THE
3833 CLEGHORN AVE SUITE 400	NASHVILLE	TN	37215	NONE	PUBLIC	IN HONOR OF JANE LYNCH CRAIN	$2,500
TRINITY PAWLING SCHOOL
700 ROUTE 22	PAWLING	NY	12564	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
TRINITY SCHOOL OF TEXAS THE
215 TEAGUE ST	LONGVIEW	TX	75601	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
UNIVERSITY OF TEXAS LAW SCHOOL
727 EAST DEAN KEETON ST	AUSTIN	TX	78705	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,000
UNIVERSITY OF THE SOUTH
735 UNIVERSITY AVENUE	SEWANEE	TN	37383	NONE	PUBLIC	GENERAL CONTRIBUTION	$75,000
UT-AUSTIN - MCCOMBS SCHOOL OF BUSINESS
1 UNIVERSITY STATION B6000	AUSTIN	TX	78712	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
WASHINGTON & LEE UNIVERSITY
204 W WASHINGTON ST DEVELOPMENT	LEXINGTON	VA	24450	NONE	PUBLIC	ANNUAL GIVING	$10,000	BLDG
WHITE OAK VOLUNTEER FIRE DEPARTMENT
PO BOX 336	WHITE OAK	TX	75693	NONE	PUBLIC	GENERAL CONTRIBUTION, MATCHING CONTRIBUTION	$600
WINDRIDGE THERAPEUTIC EQUESTRIAN CENTER
PO BOX 5932	LONGVIEW	TX	75608	NONE	PUBLIC	GENERAL CONTRIBUTION	$5,000
WINONA VOLUNTEER FIRE DEPARTMENT
1111 DALLAS STREET	WINONA	TX	75792	NONE	PUBLIC	GENERAL CONTRIBUTION	$500
WOMEN'S CENTER FOR EAST TEXAS
1011 WALL STREET SUITE 101	LONGVIEW	TX	75605	NONE	PUBLIC	GENERAL CONTRIBUTION	$1,250
YELLOWSTONE ACADEMY
3000 TRULLEY ST	HOUSTON	TX	77004	NONE	PUBLIC	DONATION TO OPERATING BUDGET	$15,000

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	985700	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$21,025	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$347,121	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	-$10,644	ExclusionAmount

Other Revenue Described OtherRevenueDescribed (3 entries)

DescriptionDescription	Exclusion CodeExclusionCode	ExclusionExclusionAmount	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
ROYALTY INCOME	15	$280,544
OTHER PORTFOLIO INCOME	16	$47,573
TAX EXEMPT INTEREST			78364

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	$685,619	ExclusionAmount
Related Or Exempt Function Income	78364	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	763983	TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Field	Value	IRS element (for citing)
Line Number	11C	LineNumber
Relationship Statement	TAX EXEMPT INTEREST INCOME - EXCLUDED BY SECTION 103	RelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	LACY HOLDINGS LTD	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2146	AddressLine1
City	LONGVIEW	City
State	TX	State
ZIP Code	75606	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	1000000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
ACCOUNTING EXPENSES	$6,400	6400	0
OTHER PROFESSIONAL SERVICES	$1,600	1600	0

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Field	Value	IRS element (for citing)
Name Of Bond	PIMCO TOTAL RETURN	NameOfBond
EOY Book Value	7034632	EOYBookValue
EOYFMV	7431717	EOYFMV

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (8 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
ALLERGEN INC	28251	274680
AMERICAN INTL GROUP INC	36659	2998
BP PLC SPONS ADR	135000	144878
EXXON MOBIL CORP	107750	292480
WEINGARTEN REALTY REIT	21054	26730
FISHER COMMUNICATIONS INC	253848	122080
VANGUARD TOTAL STOCK MARKET	5309281	5339993
HARBOR INTERNATIONAL INST REINVEST	1054027	807240

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (2 entries)

Category Or ItemCategoryOrItem	Listed At Cost Or FMVListedAtCostOrFMV	Book ValueBookValue	EOYFMVEOYFMV
BLACK STONE ACQ PARTNERS I LP PTSP INT	AT COST	578452	578452
GROSVENOR INSTITUTIONAL PARTNERS, LP	AT COST	2135909	2135909

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
DEPLETION ON ROYALTY INCOME	16582	16582
BANK/INVESTMENT FEES	19249	19249
GROSVENOR INSTITUTIONAL PARTNERS OTHER DEDUCTIONS	31185	31185
OFFICE SUPPLIES	132	132

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome
ROYALTY INCOME	280544	280544	280544
OTHER PORTFOLIO INCOME	47573	47573	47573
TAX EXEMPT INTEREST	78364		78364

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases (2 entries)

DescriptionDescription	AmountAmount
NONTAXABLE DISTRIBUTIONS	$1,702
WELLS FARGO COST BOOK/TAX DIFFERENCE ON SALE	$12

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome
STATE TAX EXPENSE ON ROYALTY	$1,702	1702
FOREIGN TAX	$2,628	2628
EXCISE TAX ON INVESTMENT INCOME	$6,151	0

CRAIN FOUNDATION: Form 990PF, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (7 entries)

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Appication Submission Info AppicationSubmissionInfo

Recipient US Address RecipientUSAddress

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (63 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Other Revenue Described OtherRevenueDescribed (3 entries)

Subtotals Part XVIA SubtotalsPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Contributor Address US ContributorAddressUS

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees (2 entries)

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (8 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (3 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases (2 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

Comments