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<Return xmlns="http://www.irs.gov/efile" returnVersion="2011v1.2">
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    <Timestamp>2012-08-02T14:07:01-05:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>Mullen and Company CPAs</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>105 Wall Street</AddressLine1>
        <City>Lexington</City>
        <State>MS</State>
        <ZIPCode>39095</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>640912814</EIN>
      <Name>
        <BusinessNameLine1>THE LEXINGTON FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>LEXI</NameControl>
      <USAddress>
        <AddressLine1>PO BOX 445</AddressLine1>
        <City>LEXINGTON</City>
        <State>MS</State>
        <ZIPCode>39095</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>CAROLYN MIRICK</Name>
      <Title>DIRECTOR</Title>
      <DateSigned>2012-08-02</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Bj Mullen</Name>
      <Phone>6628342556</Phone>
      <DatePrepared>2012-08-02</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>3232</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>3232</InterestOnSavingsNetInvstIncm>
        <GrossRentsRevAndExpnss>105000</GrossRentsRevAndExpnss>
        <GrossRentsNetInvstIncm>105000</GrossRentsNetInvstIncm>
        <TotalRevenueAndExpenses>111982</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>108232</TotalNetInvestmentIncome>
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        <RetainedEarningsEOY>-92864</RetainedEarningsEOY>
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        <TotalNetAssetsEOY>1173511</TotalNetAssetsEOY>
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        <TotalLiabilitiesNetAssetsEOY>1173511</TotalLiabilitiesNetAssetsEOY>
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      <ChangesInNetAssetsFundBalances>
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        <Subtotal>1200496</Subtotal>
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        <TotalNetAssetsFundBalancesEOY>1173511</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>236180</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>504169</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.468454</DistributionRatioYear1>
        <QualifyingDistributionsYear2>168916</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>495930</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.340605</DistributionRatioYear2>
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        <QualifyingDistributionsYear4>207016</QualifyingDistributionsYear4>
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      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
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        <Subtotal>583</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>583</TaxBasedOnInvestmentIncome>
        <TaxDue>583</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>MS</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfPersonName>CAROLYN MIRICK</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>6628342488</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>PO BOX 445</AddressLine1>
          <City>LEXINGTON</City>
          <State>MS</State>
          <ZIPCode>39095</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>true</UndistributedIncomePriorYears>
        <UndistributedIncomePriorYear1>2010</UndistributedIncomePriorYear1>
        <UndistributedIncomePriorYear2>2009</UndistributedIncomePriorYear2>
        <UndistributedIncomePriorYear3>2008</UndistributedIncomePriorYear3>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>RICHARD BARRETT</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 445</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>1</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>KATHERINE BARRETT</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 445</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </USAddress>
          <Title>V PRES</Title>
          <AvgHoursPerWkDevotedToPosition>1</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CHARLES F BARRETT</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 445</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>1</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CAROLYN S MIRICK</PersonName>
          <USAddress>
            <AddressLine1>9279 THORNTON-TOLA</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </USAddress>
          <Title>OFFICE MANAGER</Title>
          <AvgHoursPerWkDevotedToPosition>10</AvgHoursPerWkDevotedToPosition>
          <Compensation>9000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>INDIVIDUAL CHURCHESDIRECT HELP TO BE USED IN THEIR OUTREACH MINISTRIES</Description1>
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        <Description2>SCHOOLS TO BE USED IN SCHOLARSHIPS</Description2>
        <Expenses2>34042</Expenses2>
        <Description3>OTHER CHARITABLE ORGANIZATIONSTO BE USED TO FUND THEIR CHARITABLE GOALS</Description3>
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        <Description4>INDIVIDUALSDIRECT HELP TO INDIVIDUALS DEMONSTRATING FINANCIAL NEED</Description4>
        <Expenses4>83641</Expenses4>
      </SummaryOfDirectCharitableActy>
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        <AvgMonthlyCashBalances>0</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>433500</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>433500</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>433500</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>9142</CashDeemedCharitable>
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      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>21218</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>583</TaxBasedOnInvestmentIncome>
        <TotalTax>583</TotalTax>
        <DistributableAmountBeforeAdj>20635</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>20635</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>20635</DistributableAmountAsAdjusted>
      </DistributableAmount>
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        <QualifyingDistributions>162183</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>583</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>161600</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
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        <TotalForPriorYears>1876</TotalForPriorYears>
        <ExcessDistriCarryoverYear3>167654</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>144791</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>211610</ExcessDistriCarryoverYear1>
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        <QualifyingDistributions>162183</QualifyingDistributions>
        <AppliedToCurrentYear>20635</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>141548</RemainingDistriFromCorpus>
        <TotalCorpus>665603</TotalCorpus>
        <PriorYearUndistributedIncome>1876</PriorYearUndistributedIncome>
        <TaxableAmount1>1876</TaxableAmount1>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>665603</ExcessDistriCyovToNextYear>
        <ExcessFromYear3>167654</ExcessFromYear3>
        <ExcessFromYear2>144791</ExcessFromYear2>
        <ExcessFromYear1>211610</ExcessFromYear1>
        <ExcessFromCurrentYear>141548</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>CAROLYN MIRICK</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>102 ANDREWS ST</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>6628342488</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>LETTER REQUEST &amp; APPLICATION</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE ON AS-NEEDED BASIS</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>VARIOUS SEE ATTACHED</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>VARIOUS</AddressLine1>
            <City>LEXINGTON</City>
            <State>MS</State>
            <ZIPCode>39095</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>CHARITIBLE</PurposeOfGrantOrContribution>
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        </GrantOrContriPaidDuringYear>
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        </NetRentalIncmPersonalProperty>
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        </SubtotalsPartXVIA>
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          <LineNumber>5A</LineNumber>
          <RelationshipStatement>RENTAL INCOME ON BUILDINGS PURCHASED TO REVITALIZE THE AREA ACCORDING TO EXEMPT ORGANIZATION</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
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        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
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        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
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      <AccountingFees>
        <Category>ACCOUNTING</Category>
        <Amount>2258</Amount>
        <NetInvestmentIncome>2258</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
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        <DescriptionOfProperty>MASONICGILBERT</DescriptionOfProperty>
        <DateAcquired>2003-01-01</DateAcquired>
        <CostOrOtherBasis>120000</CostOrOtherBasis>
        <PriorYearsDepreciation>33600</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Rate>4</Rate>
        <CurrentYearExpense>4800</CurrentYearExpense>
        <NetInvestmentIncome>4800</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>IMPROV-MASONIC</DescriptionOfProperty>
        <DateAcquired>2004-05-01</DateAcquired>
        <CostOrOtherBasis>29976</CostOrOtherBasis>
        <PriorYearsDepreciation>8393</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Rate>4</Rate>
        <CurrentYearExpense>1199</CurrentYearExpense>
        <NetInvestmentIncome>1199</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>ROOF MASONIC</DescriptionOfProperty>
        <DateAcquired>2004-01-31</DateAcquired>
        <CostOrOtherBasis>31465</CostOrOtherBasis>
        <PriorYearsDepreciation>14497</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Rate>6.667</Rate>
        <CurrentYearExpense>2098</CurrentYearExpense>
        <NetInvestmentIncome>2098</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FLEETWOOD BUILDING</DescriptionOfProperty>
        <DateAcquired>2004-07-31</DateAcquired>
        <CostOrOtherBasis>647525</CostOrOtherBasis>
        <PriorYearsDepreciation>166198</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Rate>4</Rate>
        <CurrentYearExpense>25901</CurrentYearExpense>
        <NetInvestmentIncome>25901</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>IMPROV-MASONIC</DescriptionOfProperty>
        <DateAcquired>2007-06-30</DateAcquired>
        <CostOrOtherBasis>43664</CostOrOtherBasis>
        <PriorYearsDepreciation>6187</PriorYearsDepreciation>
        <ComputationMethod>SL</ComputationMethod>
        <Rate>4</Rate>
        <CurrentYearExpense>1747</CurrentYearExpense>
        <NetInvestmentIncome>1747</NetInvestmentIncome>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>ANDREWS ST</DescriptionOfProperty>
        <DateAcquired>2003-01-01</DateAcquired>
        <CostOrOtherBasis>28186</CostOrOtherBasis>
        <ComputationMethod>NDA</ComputationMethod>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>OFFICE EQUIPMENT</DescriptionOfProperty>
        <DateAcquired>2003-01-01</DateAcquired>
        <CostOrOtherBasis>3223</CostOrOtherBasis>
        <ComputationMethod>NDA</ComputationMethod>
        <Life>5</Life>
      </Depreciation>
    </DepreciationSchedule>
    <OtherExpensesSchedule documentId="STM103">
      <OtherExpenses>
        <Description>OFFICE SUPP AND POSTAGE</Description>
        <RevenueAndExpensesPerBooks>99</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>99</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL EXP-INSURANCE</Description>
        <RevenueAndExpensesPerBooks>6476</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>6476</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL EXP-REP AND MAINT</Description>
        <RevenueAndExpensesPerBooks>1061</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1061</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RENTAL EXP-UTILITIES</Description>
        <RevenueAndExpensesPerBooks>893</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>893</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER ADMINISTRATIVE</Description>
        <RevenueAndExpensesPerBooks>477</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>477</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SAFE DEPOSIT BOX RENTAL</Description>
        <RevenueAndExpensesPerBooks>15</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>15</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL TAXES</Description>
        <RevenueAndExpensesPerBooks>749</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>749</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="STM116">
      <OtherIncreases>
        <Description>PRIOR PERIOD ADJUSTMENT</Description>
        <Amount>26985</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="STM110">
      <Taxes>
        <Category>PROPERTY TAXES</Category>
        <Amount>2131</Amount>
        <NetInvestmentIncome>2131</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>