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    <Timestamp>2011-11-14T08:36:39-08:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>Wenzel &amp; Associates</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>5535 Fredericksburg Road Suite 200</AddressLine1>
        <City>San Antonio</City>
        <State>TX</State>
        <ZIPCode>782293553</ZIPCode>
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    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>208636039</EIN>
      <Name>
        <BusinessNameLine1>King Family Foundation</BusinessNameLine1>
      </Name>
      <NameControl>KING</NameControl>
      <Phone>2107350011</Phone>
      <USAddress>
        <AddressLine1>745 East Mulberry Suite 200</AddressLine1>
        <City>San Antonio</City>
        <State>TX</State>
        <ZIPCode>78212</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Gregory C King</Name>
      <Title>Director</Title>
      <DateSigned>2011-11-11</DateSigned>
    </Officer>
    <Preparer>
      <Name>Gary W Wenzel</Name>
      <Phone>2107982500</Phone>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
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      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1871798</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
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        <InterestOnSavingsRevAndExpnss>14410</InterestOnSavingsRevAndExpnss>
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        <DividendsAdjNetIncm>37936</DividendsAdjNetIncm>
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        <NetSTCGAdjNetIncm>102369</NetSTCGAdjNetIncm>
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        <TotalAdjustedNetIncome>154715</TotalAdjustedNetIncome>
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        <TotalLiabilitiesNetAssetsBOY>1520709</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1800970</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
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        <ExcessOfRevenueOverExpenses>280261</ExcessOfRevenueOverExpenses>
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        <TotalNetAssetsFundBalancesEOY>1800970</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <GainOrLoss>1748</GainOrLoss>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Capital Gain Dividends</DescriptionOfAsset>
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        <Subtotal>5296</Subtotal>
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        <TaxPaidWithExtension>5505</TaxPaidWithExtension>
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        <PenaltyForUnderpayment>84</PenaltyForUnderpayment>
        <Overpayment>1802</Overpayment>
        <AmountCreditedToNextYear>1802</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
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        <Form990TFiled>false</Form990TFiled>
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        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>TX</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors referenceDocumentId=" SubstantialContributorsSchedul">true</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>Gregory C King</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2107350011</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>745 East Mulberry Suite 200</AddressLine1>
          <City>San Antonio</City>
          <State>TX</State>
          <ZIPCode>78212</ZIPCode>
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        <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>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Gregory C King Jr</PersonName>
          <USAddress>
            <AddressLine1>512 Elizabeth</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78209</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>0.50</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Leigh Ann King</PersonName>
          <USAddress>
            <AddressLine1>512 Elizabeth</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78209</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Gregory C King</PersonName>
          <USAddress>
            <AddressLine1>512 Elizabeth</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78209</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>1568517</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>153271</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1721788</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>1721788</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>25827</CashDeemedCharitable>
        <NetNoncharitableAssets>1695961</NetNoncharitableAssets>
        <MinimumInvestmentReturn>84798</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>84798</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>5296</TaxBasedOnInvestmentIncome>
        <TotalTax>5296</TotalTax>
        <DistributableAmountBeforeAdj>79502</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>79502</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>79502</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>34530</ExpensesAndContributions>
        <QualifyingDistributions>34530</QualifyingDistributions>
        <AdjQualifyingDistributions>34530</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>79502</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>29395</UndistributedIncomePriorYear>
        <QualifyingDistributions>34530</QualifyingDistributions>
        <AppliedToYear1>29395</AppliedToYear1>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>5135</AppliedToCurrentYear>
        <UndistributedIncomeCY>74367</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Leigh Ann King</ContributingManager>
        <ContributingManager>Gregory C King</ContributingManager>
        <AppicationSubmissionInfo>
          <RecipientName>King Family Foundation</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>745 East Mulberry Suite 200</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78212</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>2107350011</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>Letter form describing charitable purpose, worthiness of support, and substantiation of tax exempt status.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>No deadlines</SubmissionDeadlines>
          <RestrictionsOnAwards>No restrictions.</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>The Lord's Way-Grace Anglican Fello</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>7776 Woodridge Drive</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78209</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>The Lord's Way aka Grace Anglican Fellowship is a church located in San Antonio, Texas. The purpose of supporting this organization is to assist in their efforts of spreading the gospel of Jesus Christ (the "good news" of Christ's birth, life, crucifixion, resurrection, and ascension to heaven).</PurposeOfGrantOrContribution>
          <Amount>10100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Soldiers' Angels</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1792 East Washington Blvd</AddressLine1>
            <City>Pasadena</City>
            <State>CA</State>
            <ZIPCode>91104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist disabled veterans.</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>McGrane Self-Esteem Center</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 485</AddressLine1>
            <City>Union</City>
            <State>KY</State>
            <ZIPCode>41091</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in their religious efforts.</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Westlake Hills Presbyterian Church</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>7127 Bee Caves Road</AddressLine1>
            <City>Austin</City>
            <State>TX</State>
            <ZIPCode>78746</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in their religious efforts.</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Awe Star Ministries</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>400 North Broadway Street</AddressLine1>
            <City>Medina</City>
            <State>OH</State>
            <ZIPCode>44256</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in their religious efforts.</PurposeOfGrantOrContribution>
          <Amount>50</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>National Leadership Society</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>4616-25th Ave NE PMB225</AddressLine1>
            <City>Seattle</City>
            <State>WA</State>
            <ZIPCode>98105</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in allowing dignitaries from less affluent countries to attend the National Prayer Breakfast.</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Christ Church of Grove Farm</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>249 Duff Road</AddressLine1>
            <City>Sewickley</City>
            <State>PA</State>
            <ZIPCode>15143</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in their religious efforts.</PurposeOfGrantOrContribution>
          <Amount>80</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>The International Foundation</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 23813</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20026</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>To assist the foundation in furthering Christian fellowship ($6,700); Haiti Relief ($15,000).</PurposeOfGrantOrContribution>
          <Amount>21700</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>San Antonio Children's Foundation</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>150 E Fair Oaks</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78209</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>To assist the organization in providing shelter, food, clothing, education, medical attention, and other life changing necessities to homeless or abandoned children.</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>34530</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
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        </IntOnSavingsAndTempCashInvst>
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        </DividendsAndIntFromSecPartVII>
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        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>279176</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>279176</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <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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    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="10000105" softwareVersion="2010v3.2">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>Gregory C and Leigh Ann King</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>512 Elizabeth</AddressLine1>
          <City>San Antonio</City>
          <State>TX</State>
          <ZIPCode>782096133</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>50000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
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      <AccountingFees>
        <Category>Accounting Fees</Category>
        <Amount>1450</Amount>
        <NetInvestmentIncome>1450</NetInvestmentIncome>
        <AdjustedNetIncome>1450</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
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      <OtherAssets>
        <Description>Dividends Receivable</Description>
        <EOYBookValue>4683</EOYBookValue>
        <EOYFMV>4683</EOYFMV>
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    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherExpenses>
        <Description>Travel Expense</Description>
        <RevenueAndExpensesPerBooks>313</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>313</NetInvestmentIncome>
        <AdjustedNetIncome>313</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Professional Education</Description>
        <RevenueAndExpensesPerBooks>525</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>525</NetInvestmentIncome>
        <AdjustedNetIncome>525</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Dues/Subscriptions</Description>
        <RevenueAndExpensesPerBooks>756</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>756</NetInvestmentIncome>
        <AdjustedNetIncome>756</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Computer/Internet Expenses</Description>
        <RevenueAndExpensesPerBooks>3646</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>3646</NetInvestmentIncome>
        <AdjustedNetIncome>3646</AdjustedNetIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherProfessionalFees>
        <Category>Advisory Fees</Category>
        <Amount>7113</Amount>
        <NetInvestmentIncome>7113</NetInvestmentIncome>
        <AdjustedNetIncome>7113</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubstantialContributorsSchedul" softwareId="10000105" softwareVersion="2010v3.2">
      <SubstantialContributor>
        <PersonName>Gregory C and Leigh Ann King</PersonName>
        <USAddress>
          <AddressLine1>512 Elizabeth</AddressLine1>
          <City>San Antonio</City>
          <State>TX</State>
          <ZIPCode>78209</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <Taxes>
        <Category>Foreign Tax Withholding</Category>
        <Amount>582</Amount>
        <NetInvestmentIncome>582</NetInvestmentIncome>
        <AdjustedNetIncome>582</AdjustedNetIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>