Turn of Private Foundation
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,turn of Private Foundation OMB No 1545-0052 Form 990-PF or S on 4947(a)(1) Nonexempt Charitable T s ^O Department of the Treasury Treated as a Private Foundation Internal Revenue Service Note . The foundation may be able to use a copy of this return to satis fy state rep ortin g req uirements. urien to ic Ins ectron For calendar year 2012 or tax year beginning , and ending Name of foundation A Employer identification number Houston Endowment Inc. 74-6013920 Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number 600 Travis 16400 ( 713 ) 238-8100 City or town, state, and ZIP code C If exemption application is pending , check here Houston , TX 77002 G Check all that apply: Initial return 0 Initial return of a former public charity D 1. Foreign organizations, check here 0 Final return 0 Amended return 2. 8 5% test, Q Address chan ge 0 Name chan ge check hereanand attach compu9aton H Check type of organization : ® Section 501(c)(3) exempt private foundation E If private foundation status was terminated Q Section 4947(a )( 1 ) nonexem pt charitable trust 0 Other taxable p rivate foundation under section 507(b)(1)(A), check here 101- I Fair market value of all assets at end of year J Accounting method : 0 Cash El Accrual F If the foundation is in a 60-month termination (from Part 11, col. (c), line 16) [!]Other (specify) Modified Cash under section 507(b)(1)(B), check here (Part 1, column (d) must ► $ 1 5 4 5 616 9 01 . be on cash basis.) Part I Analysis of Revenue and Expenses ( ( d) D i sbursements (The total of amounts in columns (b) (c), and (d) may not a) Revenue and (b ) Net investment (c) Adjusted net expenses per books for charitable purposes necessarily equal the amounts in column (a)) income income (cash basis only) 1 Contributions, gifts, grants, etc., received N / A 2 Check [] it the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 149. 149. S tatement 1 4 Dividends and interest from securities 6 , 666 , 384. 6 , 666 , 384. S tatement 2 5a Gross rents 829 958. 829 958. S tatement 3 b Net rental income or Qoss) 305,345. S tatement 4 6a Net gain or (loss) from sale of assets not on line 10 87 , 200 , 901. S tatement 5 7 Gross sales p rice for all b Grossassets on line ea 820, 829, 639. d 7 Capital gain net income (from Part IV, line 2) 86 600 , 796. 8 Net short-term capital gain 9 Income modifications Gross sales less returns 10a and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other income 25 291 905. 25 779 350. S tatement 6 12 Total . Add lines 1 throu g h 11 119,989,297. 119,876,637. 13 Compensation of officers , directors , trustees, etc 1 , 150 616 . 152 662 . 997 954. 14 Other employee salaries and wages r1 2 108 800 . 256 , 715. 1 852 085. J 15 Pension plans, employee benefits 664 , 924. 102 , 973. 577 , 308. 16a Legal fees $tmt 7 86 , 046. 42 , 823. 4 3,223. c CL b counting ^eg Stmt 8 60 , 800. 15 , 200. 4 5,600. W c o her pr esslona es Stmt 9 4 , 968 , 064. 4 634 469. 333 , 594. 17 1 Q 9 57. 57. 0. 18 Txse ° M Stmt 10 1 , 766 , 165. 651 069. 0. LO 19 D paMec ion Ng depe 159 093. 2 , 863. E 20 O c any 533 133. 111 378. 421 755. < 21 Tr far@ues, n e tings 148 , 763. 33 , 379. 114 , 251. r- 22 Pr rg'a d p5catl 58 , 836. 0. 58 , 836. M 23 Ot er {'p nses Stmt 11 17 933 698. 15 749 649. 584 522. M 24 To I ope all minis rative o, ex dd-I gh23 29 638 995. 21 753 237. 5 , 029 , 128. 0 25 Contributions, gifts, grants paid 77 , 706 , 589. 78, 718 , 050. 26 Total expenses and disbursements. Add lines 24 and 25 _ 107,345,584. 1 21,753,237. 83.74_7_1_78 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 12 , 643 , 713. b Net investment income(if negative , enter -0-) 98 , 123 , 400. 1 c Adjusted net income (if negative , -0-) 1 N / A LHA For Paperwork Reduction Act Notice, see instructions . Form 990-PF (2012) Fnrm QQfI-PF (9n191 Houston F.nidlifiLinant- Inc - '7a-fn1Ag2n P,-1) Sheets Attached schedulesandamountslnthedescnptlon Beginning of year End of year Part l ) Balance column should be for endof-year amounts only (a ) Book Va lue (b) Book Value (c) Fair Market Value I Cash - non-Interest-bearing 1 , 699 196. 3 , 577 , 921. 3 , 577 , 921. 2 Savings and temporary cash investments 210 , 484 , 022. 164 , 499 , 137. 164 , 499 , 139. 3 Accounts receivable ► Less: allowance for doubtful accounts ► 4 Pledges receivable ► Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other notes and loans receivable ► Less: allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U.S. and state government obligations Stmt 15 87 , 553 , 968. 65 , 045 , 006. 68 , 096 , 348. b Investments - corporate stock Stmt 16 9 , 887 , 496. 0. 0. c Investments - corporate bonds Stmt 17 71 , 570 , 504. 42 , 461 , 559. 30 , 847 , 307. 11 Investments - land, buildings , and equipment basis ► 16 , 619 , 570 Less accumulated depreciation Stmt 130o- 16 , 533 300. 16 , 619 , 570. 62 , 822 , 585. 12 Investments - mortgage loans 13 Investments - other Stmt 18 962 , 680 249 . 1 , 086 271506. 1 214 085 488. 14 Land, buildings, and equipment: basis ► 2 727 , 479. Less accumulated depreciation Stmt 1400- 1 , 507 , 766 . 1 , 373 188. 1 , 219 , 713. 1 , 219 , 713. 15 Other assets (describe ► Statement 19 ) 483 , 631. 481 , 159. 468 , 400. 16 Total assets to be com p leted by all filers 1 362 265 554 1 380 175 571 1 545 616 901 17 Accounts payable and accrued expenses 232 , 274. 191 , 070. 18 Grants payable u) 19 Deferred revenue •'= 20 Loans from officers, directors, trustees , and other disqualified persons 2 21 Mortgages and other notes payable ' 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 th row h 22 ) 232 , 2 74. 191 , 07 0. Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted 25 Temporarily restricted ao 26 Permanently restricted C Foundations that do not follow SFAS 117, check here ► and complete lines 27 through 31 ° 27 Capital stock, trust principal, or current funds Statement 12 1 362 0 33 280. 1 379984 , 501 , 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 . 0 . a 29 Retained earnings, accumulated income, endowment, or other funds 0 . 0 . 30 Total net assets or fund balances 1 362 033 280 1 379 984 501. 31 Total liabilities and net assets/fund balances 1 362 265 554 1 , 380 175 571 , Part III Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 362 , 033280 o 2 Enter amount from Part I, line 27a 2 12 , 643 , 713. 3 Other n 8 . increases not included in line 2 (Itemize) ► 2011 Partne rship Schedule K-1 3 5:307; 5 4 Add lines 1, 2, and 3 4 1379 _ 984 , 501. 5 Decreases not included in line 2 (itemize) ► 5 0 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b)tine 30 1 379 984 _501. Form 990-PF (2012) 223511 12-05-12 Form 990-PF(2012 Houston En went Inc. 74-6013920 Page3 Part IV Capital Gains and Losses'MV Tax on Investment Income (a) List and describe the kind(s) of property sold (e.g., real estate, (b How acquired (c Date acquired (d) Date sold D - Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co.) D - Donation (mo., day, yr.) (mo., day, yr.) la b See Attached Statements C d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e 820 458 380. 101 029. 733 692 813. 86 866 596. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (i) col. (k), but not less than -0-) or (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (1), if any Losses (from col. (h)) a b c d e 315 000. 49 200. 265 800. 86 600 796. If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 86 , 600 , 796. 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c).