form 990-pf (2012) jack and frances brown foundation …€¦ · form 990-pf (2012) jack and...

Form 990 - P F Return of Private FoundationOMB No 1545 0052

or Section 4947(a)(1) Nonexempt Charitable Trust2Treated as a Private Foundation 2012

Department of the TreasuryInternal Revenue Service Note The foundation may be able to use a copy of this return to satisfy state reporting requirements

For calendar year 2012. or tax year beainnina . 2012, and ending ,

6^b

' C'tJ

D

N 1

F r '1

rvame of foundation A Employer identification number

JACK AND FRANCRS BROWN FOUNDATION 20-3852468

Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number (see the instructions)

3907 TANFORAN AVENUE (432) 425-9994City or town State ZIP code

MIDLAND TX 79707 C If exemption application is pending, check here

G Check all that apply Initial return Initial Return of a former public charity D 1 Foreign organizations, check hereFinal return Amended return

Address change Name change 2 Foreign organizations meeting the 85% test, checkrh nd htt t t

H Check type of organization Section 501(c)(3) exempt private foundation

qe e a a ac compu a ion

Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation E If private foundation status was terminated

I Fair market value of all assets at end of year J Accounting method Cash Accrual under section 501(b)(1)(A), check here

(from Part Il, column (c), line 16) DOther (specify) F If the foundation is in a 60-month termination$ 1,085,097. (Part column (d) must be on cash basis) - - under section 507(b)(1)(B), check here

Pa rt - Ana lysis o t Revenue and (a) Revenue and (b) Net investment (c) Adjusted net (d) DisbursementsExpenses (The total of amounts in expenses per books income income for charitablecolumns (b), (c), and (d) may not neces- purposessarily equal the amounts in column (a) (cash basisis only)(see instructions).)1 Contributions, gifts, grants, etc, received (ail sch) 1 -,

2 Ck if the foundn is not req to all Sch B

t

- • • - -• ' ' - -'_ -'^ -

n savings and temporary3 Interes , .' Icash investments ° •' '

4 Dividends and interest from securities 3 9 , 5 21 . 39,521. . A- -5 a Gross rentsb Net rental income

or (loss) ' ;. •,^^.o - --• -'

R 6 a Net gain /(loss) from sale of assets not on line 10 5,786. L-6 a S tmt •, tf v '' ^" t '" J ' ''E b Gross sales price for all

95 , 66 9assets on line 6a ° ` °^ ¢ ' •'}`„ " °tr' ' 'vE 7 Capital gain net income (from Part IV, line 2) r; 5,786.

N 8 Net short-term capital gain 0 , .U 9 Income modifications + '* ^, x:: _ ^ r _.• ,. .E 10a Gross sales less

returns and r• ,Y' 1 '

,'r +A e"

1' ^^^'y tr w'

"! V i

j: 1v^, rallowances .: ' ^"ti a^s+^^^4 `^:.•.,Wk!-afi

b Less Cost ofgoods sold },•. 3' M -1

c Gross profit/(loss) (att sch) *' ?t4''; ;r.AcY c^11 Other income (attach schedule) ;.,7= "•x^ Yi

12 Total. Add lines 1 through 11 45,307. 45,307. 0. ,; r ..^c^.13 Compensation of officers, directors, trustees, etc 59,976. 36,893. 23,083 .14 Other employee salaries and wages

15 Pension plans, employee benefits 4,588. 2,822. 1,766.A 16a Legal fe

DM b Account g fees c ElVEDN

c Other pr f feOther

o 17 Intere

E TR

t,1

ft ule) e. b s) 1 6+ 201318 Taxes

AA 19 Deprec a9 n (attach

T T Sch) a d

N 1 20 Occup cy t UG E 21 Travel,A EN

22 Printing and publicationsD p 23 Other expenses (attach schedule)

EN PORTFOLIO EXPENSES 5,592. 5,592.

S 24 Total operating and administrativeE expenses . Add lines 13 through 23 70,156. 45,307. 24,849.

25 Contributions, gifts, grants paid 61,500. 61,500.26 Total expenses and disbursements.

Add lines 24 and 25 131, 656. 45,307. 86,349.27 Subtract line 26 from line 12: -

a Excess of revenue over expenses -and disbursements -86,349.

b Net investment income (if negative enter 0-) 0.

C Adjusted net income (if negative, enter -0 ) 0 ,

rbAA ii-or raperworK Keauctlon Act Notice, see instructions. TEEA0301 12/06/12 Form 990-PF (2012)

Form 990-PF (2012) JACK AND FRANCES BROWN FOUNDATION 20-3852468

Attached schedules and amounts in the descriptionlf tdI

Beginning of year End of years on y-year amoun-oI Balance Sheets column should be for enPart

(See instructions) (a) Book Value (b) Book Value (c) Fair Market Value

1 Cash - non-Interest-bearing

2 Savings and temporary cash investments 75,905. 68,177. 68,177.

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 otherdisqualified persons (attach schedule) (see instructions)

7 Other notes and loans receivable (attach sch)

S

-----------Less allowance for doubtful accounts

S-----------

8 Inventories for sale or use

E 9 Prepaid expenses and deferred chargesTS 10a Investments - U S. and state government

obligations (attach schedule)

b Investments - corporate stock (attach schedule) 594,854. 546,385. 565f989.

c Investments - corporate bonds (attach schedule) 457,932. 427,706. 450,931.

11 Investments - land, buildings, andequipment basis

-----------Less accumulated depreciation(attach schedule)

-----------12 Investments - mortgage loans

13 Investments - other (attach schedule)

14 Land, buildings, and equipment basis-----------

Less accumulated depreciation(attach schedule) ' __________

15 Other assets (describe ' )16 Total assets (to be completed by all filers -

_ _ _ _

see the instructions Also, see page 1, item I) 1, 128, 691. 1, 042, 268. 1, 085,097.

L 17 Accounts payable and accrued expenses 1,398. 1, 3 7 7 . _,; , • -

IA 18 Grants payable - ,s

B 19 Deferred revenue '

L 20 Loans from officers, directors, trustees, & other disqualified persons

21 Mortgages and other notes payable (attach schedule)

T )22 Other liabilities (describeE

S 23 Total liabilities (add lines 17 through 22) 1,398. 1,377. 1

Foundations that follow SFAS 117, check hereand complete lines 24 through 26 and lines 30 and 31.

N F 24 Unrestricted

N 25 Temporarily restrictedT

D 26 Permanently restricted

AS B

Foundations that do not follow SFAS 117, check here

S Aand complete lines 27 through 31.

T A 27 Capital stock, trust principal, or current funds 1,411,512. 1,350,012. 1

S N 28 Paid-in or capital surplus, or land, building, and equipment fund

COE 29 Retained earnings, accumulated income, endowment, or other funds -284,219. -309,121.

R S 30 Total net assets or fund balances (see instructions) 1,127,293. 1,040,891. -

31 Total liabilities and net assets/fund balances(see instructions) 1,128,691. 1,042,268.

Part II I 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 withend-of-year figure reported on prior year's return) 1 1,127,293 .

2 Enter amount from Part I, line 27a 2 -86f349.

3 Other increases not included in line 2 (itemize) 3------------------------------

4 Add lines 1, 2, and 3 4 1,040,944.

5 Decreases not included in line 2 (itemize) S ee Other Decreases Stm t 5 53.

6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 6 1, 040, 891.

BAA TEEA0302 12/06/12 Form 990-PF (2012)

Form 990-PF (2012) JACK AND FRANCES BROWN FOUNDATION 20-3852468 Part IV I Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e g , real estate,2-story brick warehouse, or common stock, 200 shares MLC Company)

How acquiredP - PurchaseD - Donation

c Date acquired(month, day, year)

(d)Date said(month, day, year)

1a SEE SCHEDULE ATTACHED ) 4 / 21 / 11 D 8 / 22 / 12

b SEE SCHEDULE ATTACHED - D l / 13 / 11 1 1 / 30 / 12

C CAPITAL GAIN DISTRIBUTION-MORGAN STANLEY 1 2 / 31 / 11 1 2 / 31 / 12

d SEC 1256 GAIN-K-1:POWERSHARES DB COMMODITY ) 1 / 31 / 12 1 2 / 31 / 12

e See Columns (a ) thru (d)(e) Gross sales price (f) Depreciation allowed

(or allowable)(g) Cost or other basisplus expense of sale

(h) Gain or (loss)(e) plus (f) minus (g)

a 7,930. 11,027. -3,097.

b 87,261. 77,601. 9,660.

C 78. 0. 78.

d 152. 0. 152.

e See Columns (e)thru(h 1,255. -1,007.

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (t) Gains (Column (h)(i) Fair Market Value

as of 12/31/69(j) Adjusted basisas of 12/31/69

(k) Excess of column (1)over column Q), if any

gain minus column (k), but not lessthan -0-) or Losses (from column (h))

a -3,097.

b 9,660.

c 78.

d 152.

e See Columns (1) thru I) -1,007.

2 Capital gain net income or (net capital loss) If gain, also enter in Part I, line 7If (loss), enter -0- in Part I, line 7 2 5,786.

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) (see instructions) If (loss), enter -0-in Part I, line 8 3 -233.

I Party I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income )

If section 4940(d)(2) applies, leave this part blank

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period ? DYes ® No

If 'Yes,' the foundation does not qualify under section 4940 (e) Do not complete this part

1 Enter the appropriate amount in each column for each year , see the instructions before making any entries

(a)Base period years

Calendar year or tax yearbeginning in)

(b)Adjusted qualifying distributions

(c)Net value of

noncharltable-use assets

(d)Distribution ratio

(column (b) divided by column (c))

2011 97,678.

2010 141, 079.

2009 154,564.

2008 309, 100.

2007 279, 836.

2 Total of line 1, column (d) 2

3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by thenumber of years the foundation has been in existence if less than 5 years 3

4 Enter the net value of nonchantable -use assets for 2012 from Part X, line 5 4 0.

5 Multiply line 4 by line 3 5

6 Enter 1 % of net investment income (1 % of Part I, line 27b) 6 0.

7 Add lines 5 and 6 7 0.

8 Enter qualifying distributions from Part XII, line 4 8 86,349.

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a I% tax rate See thePart VI instructions

BAA Form 990-PF (2012)

TEEA0303 12/06/12

Form 990-PF (201 2) JACK AND FRANCES BROWN FOUNDATION 20-3852468

Part Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions)

1 a Exempt operating foundations described in section 4940 ( d)(2), check here ' and enter 'N/A' on line 1

Date of ruling or determination letter (attach copy of letter if necessary - see instrs)

b Domestic foundations that meet the section 4940 (e) requirements in Part V, 1 0.

check here and enter 1 % of Part I, line 27b

c All other domestic foundations enter 2% of line 27b Exempt foreign organizations enter 4% of Part I, line 12, column (b)

2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxablefoundations only Others enter - 0-) 2

•

0.


4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 4 0.

5 Tax based on investment income . Subtract line 4 from line 3 If zero or less, enter -0- 5 0.

6 Credits /Payments

a 2012 estimated tax pmts and 2011 overpayment credited to 2012 6 a

b Exempt foreign organizations - tax withheld at source 6b

c Tax paid with application for extension of time to file (Form 8868) 6c

d Backup withholding erroneously withheld 6 d

7 Total credits and payments Add lines 6a through 6d 7

8 Enter any penalty for underpayment of estimated tax Check here if Form 2220 is attached 8

9 Tax due If the total of lines 5 and 8 is more than line 7, enter amount owed 9 0.

10 Overpayment . If line 7 is more than the total of lines 5 and 8 , enter the amount overpaid 10 0.

11 Enter the amount of line 10 to be Credited to 2013 estimated tax Refunded 11

Part I -Ax Statements Regarding Activities

or local legislation or did itstatedid the foundation attempt to influence any nationalthe tax ear1 a DurinYes No

, ,y ,gparticipate or intervene in any political campaign? 1 a x

b Did it spend more than $100 during the year (either directly or indirectly) for political purposes(see the instructions for definition)? 1 b X

If the answer is 'Yes' to la or 1b, attach a detailed description of the activities and copies of any materials published -or distributed by the foundation in connection with the activities `.%L.

c Did the foundation file Form 1120-POL for this year? 1 c X

d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year.

(1) On the foundation $ (2) On foundation managers $

e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on

foundation managers $ '-'

2 Has the foundation engaged in any activities that have not previously been reported to the IRS? 2 X

If 'Yes,' attach a detailed description of the activities ''^

3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles -of incorporation, or bylaws, or other similar instruments? If 'Yes,' attach a conformed copy of the changes 3 x

4a Did the foundation have unrelated business gross income of $1,000 or more during the year? 4a X

b If 'Yes,' has it filed a tax return on Form 990-T for this year? 4b

5 Was there a liquidation, termination, dissolution, or substantial contraction during the year2 5 X

If 'Yes,' attach the statement required by General Instruction T ' Y

6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either

• By language in the governing instrument, or

• By state legislation that effectively amends the governing instrument so that no mandatory directions that conflict --' - 'with the state law remain in the governing instrument? 6 X

7 Did the foundation have at least $5,000 in assets at any time during the year? If 'Yes,' complete Part Il, column (c), and Part XV 7 X

8 a Enter the states to which the foundation reports or with which it is registered (see instructions)

TX - Texas

b If the answer is 'Yes' to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General(or designate) of each state as required by General Instruction G7 If 'No,' attach explanation 8 b X

9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 49420)(5)for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)' If 'Yes,' complete Part XIV 9 X

10 Did any persons become substantial contributors during the tax year? If 'Yes,' attach a schedule listing their namesand addresses 10 X


TEEA0304 12/07/12


Part VI I -A 7 Statements Regarding Activities (continued)

11 At any time during the year, did the foundation, directly or indirectly, own a controlled entitywithin the meaning of section 512(b)(13)' If 'Yes', attach schedule (see instructions) 11 X

12 Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person hadadvisory privileges? If 'Yes,' attach statement (see instructions) 12 X

13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X

Website address ' N/A-----------------------------------------

14 The books are in care of ' LYNDA SPINKS Telephone no (432 ) 686-5920----------------------------- -------------

Located at ' 300 N MARIENFELD MIDLAND TX ZIP + 4 ' 79701----------------------------------- ------------

15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here '

and enter the amount of tax-exempt interest received or accrued during the year -1 15

16 At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over a Yes No

bank, securities, or other financial account in a foreign country? 16 X

See the instructions for exceptions and filing requirements for Form TD F 90-22 1 If 'Yes,' enter the name of theforei gn country

Part VII-B Statements Regarding Activities for Wlntcn Form 4/ZU may tae Kequirea

File Form 4720 if any item is checked in the 'Yes' column , unless an exception applies. Yes No

1 a During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? UYesV]

No

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a -disqualified person? Yes No

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? Yes No

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? Yes No

(5) Transfer any income or assets to a disqualified person (or make any of either availablefor the benefit or use of a disqualified person)? L1Yes No

• ' •

(6) Agree to pay money or property to a government official? (Exception . Check 'No' if thefoundation agreed to make a grant to or to employ the official for a period after termination

s DYes Noth 90 df t tf t'

,ing wi inservice, i ermina aygovernmeno

b If any answer is 'Yes' to 1 a(1)-(6), did any of the acts fail to qualify under the exceptions described in -Regulations section 53 4941 (d)-3 or in a current notice regarding disaster assistance (see instructions)? 1 b X

Organizations relying on a current notice regarding disaster assistance check here

c Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts, -- -that were not corrected before the first day of the tax year beginning in 2012' 1 c X

2 Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a "private operating foundation defined in section 49420)(3) or 4942(j)(5))

a At the end of tax year 2012, did the foundation have any undistributed income (lines 6dand 6e, Part XIII) for tax year(s) beginning before 2012' DYes No

,-

If 'Yes,' list the years 20 , 20 , 20 , 20 --

b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)(relating to incorrect valuation of assets) to the year's undistributed income? (If applying section 4942(a)(2) toall years listed, answer 'No' and attach statement - see instructions) 2 b X

c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here

20 20 20 20

3 D d th ( d t h Id th n a 2°/ direct or indirect interest in an businessa i a oun a ion o more a o yenterprise at any time during the year? Yes ® No

b If 'Yes,' did it have excess business holdings in 2012 as a result of (1) any purchase by the foundationor disqualified persons after May 26, 1969, (2) the lapse of the 5-year period (or longer period approvedby the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest, or(3) the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, todetermine if the foundation had excess business holdings in 2012)

4 a Did the foundation invest during the year any amount in a manner that would jeopardize itscharitable purposes'

b Did the foundation make any investment in a prior year (but after December 31, 1969) that couldjeopardize its charitable purpose that had not been removed from jeopardy before the first day ofthe tax year beginning in 20127

BAA

3b X

4a X

4b X

Form 990-PF (2012)

TEEA0305 12/07/12


Part Statements Regarding Activities for Which Form 4720 May Be Required (continued)5 a During the year did the foundation pay or incur any amount to

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))7 Yes No

(2) Influence the outcome of any specific public election (see section 4955), or to carryon, directly or indirectly, any voter registration drive? Yes pj No

(3) Provide a grant to an individual for travel, study, or other similar purposes? Yes No

(4) Provide a grant to an organization other than a charitable, etc, organization described4940 d ti ns)t 509 1 2 3 t 2 ' t U Yes N), or ( ion ( )( rucin sec ion (a)( ), ( ), or sec ) (see ins o o

(5) Provide for any purpose other than religious, charitable, scientific, literary, orll f th f l h ld ?d Y Nucationa purposes, or or e prevention o crue i ren or anima se ty to c es o

b If any answer is 'Yes' to 5a(1)-(5), did any of the transactions fail to qualify under the exceptionsdescribed in Regulations section 53 4945 or in a current notice regarding disaster assistance(see instructions)? 5b X

Organizations relying on a current notice regarding disaster assistance check here . ' U

c If the answer is 'Yes' to question 5a(4), does the foundation claim exemption from thetax because it maintained expenditure responsibility for the grant? Yes

11No

If 'Yes,' attach the statement required by Regulations section 53 4945-5(d)

6 a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiumson a personal benefit contract?

ElYes No _

b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 6 b X

If 'Yes' to 6b, file Form 8870

7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? DYes No

b If 'Yes,' did the foundation receive any proceeds or have any net income attributable to the transaction? 7 b

art Vill , Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,and Contractors

1 List all officers. directors . trustees . foundation managers and their compensation (see instructions).

(b)Title, and average (c)Compensation (d)Contributions to (e)Expense account,

(a) Name and address hours per week (If not paid, employee benefit other allowancesdevoted to position enter -0 -) plans and deferred

compensation

PATRICK A BROWN------------------------3 907_ TANFORAN_AVE_ - _ _ - - - _ _ _ _ CHAIRMAN OF BOARD

MIDLAND TX 79707 0. 00 0. 0. 0.

KELLY THOMAS BROWN------------------------3907 TANFORAN AVE -____---__ PRESIDENT

MIDLAND TX 79707 40.00 59,976. 0. 0.

JUSTIN THOMAS------------------------2815 CIMMARON AVE _ - - _ _ _ _---------------

SECRETARY

MIDLAND TX 79705 0 . 00 0. 0. 0.

-------------------------

-------------------------

2 Compensation of five highest-paid employees (other than those included on line 1 - see instructions). If none, enter'NONE.'

(a) Name and address of each employeepaid more than $50,000

(b) Title, and averagehours per week

devoted to position

(c) Compensation (d)Contributions toemployee benefit

plans and deferredcompensation

(e) Expense account,other allowances

NONE------------------------------------------------

------------------------------------------------

------------------------------------------------

------------------------------------------------

--------------------------------------------------

Total number of other employees paid over $50,000 None0MM IttJ+usutb I C rorrrt u7u-rr k4uie)


Part I Information About Officers, Directors, Trustees, Foundation Managers , Highly Paid Employees,and Contractors (continued)

3 Five highest- paid independent contractors for professional services (see instructions ). If none, enter ' NONE.'

(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation

NONE--------------------------------------

--------------------------------------

Total number of others receiving over $50,000 for professional services None

Part IX-A Summary of Direct Charitable Activities

List the foundation's four largest direct charitable activities during the tax year Include relevant statistical information such as the number oforganizations and other beneficiaries served, conferences convened, research papers produced, etc

Expenses

1------------------------------------------------------

------------------------------------------------------

2------------------------------------------------------

------------------------------------------------------

3------------------------------------------------------

------------------------------------------------------

4

-------------------------------------------------------

Part IX-B Summary of Program - Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount

1------------------------------------------------------

------------------------------------------------------

2------------------------------------------------------

------------------------------------------------------

All other program-related investments See instructions

.3 ......................................................

-------------------------------------------------------

Add lines 1 through 3 11 i


TEEA0307 12/22/12


Part Minimum Investment Return (All domestic foundations must complete this part Foreign foundations,see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable, etc, purposesa Average monthly fair market value of securities 1 a

b Average of monthly cash balances 1 b

c Fair market value of all other assets (see instructions) 1 c

d Total (add lines 1 a, b, and c) 1 d

e Reduction claimed for blockage or other factors reported on lines 1 a and 1c

(attach detailed explanation) 1 e

2 Acquisition indebtedness applicable to line 1 assets 2

3 Subtract line 2 from line ld 3 0.

4 Cash deemed held for charitable activities Enter 1.1/2% of line 3(for greater amount, see instructions) 4 0.

5 Net value of noncharitabte-use assets . Subtract line 4 from line 3 Enter here and on Part V, line 4 5 0.

6 Minimum investment return . Enter 5% of line 5 6 0.

Part Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundationsand certain foreign organizations check here ► and do not complete this part.)

1 Minimum investment return from Part X, line 6 1 0.

2 a Tax on investment income for 2012 from Part VI, line 5 2a 0.

b Income tax for 2012 (This does not include the tax from Part VI) 2 b

c Add lines 2a and 2b 2 c 0.

3 Distributable amount before adjustments Subtract line 2c from line 1 3 0.

4 Recoveries of amounts treated as qualifying distributions 4


6 Deduction from distributable amount (see instructions) 6

7 Distributable amount as adjusted Subtract line 6 from line 5 Enter here and on Part XIII, line 1 7 0.

Part XII Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc, purposesa Expenses, contributions, gifts, etc - total from Part I, column (d), line 26 1 a 86,349.

b Program-related investments - total from Part IX-B 1 b

2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc, purposes 2

3 Amounts set aside for specific charitable projects that satisfy thea Suitability test (prior IRS approval required) 3 a

b Cash distribution test (attach the required schedule) 3 b

4 Qualifying distributions . Add lines la through 3b. Enter here and on Part V, line 8, and Part XIII, line 4 4 86,349.

5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment incomeEnter 1 % of Part I, line 27b (see instructions) 5 0.

6 Adjusted qualifying distributions . Subtract line 5 from line 4 6 86,349.

Note . The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundationqualifies for the section 4940(e) reduction of tax in those years


TEEA0308 12/22112

For 990-PF (2012) JACK AND FRANCE S BROWN FOUNDATION 20-3 8524 68

Part XIII Undistributed Income (see instructions)

(a) (b) (c) (d)Corpus Years prior to 2011 2011 2012

1 Distributable amount for 2012 from Part XI,line 7 0.

2 Undistributed income, if any, as of the end of 2012 . - '_ _Y.; -• _ `' '

a Enter amount for 2011 only

b Total for prior years 20 20 20

3 Excess distributions carryover, if any, to 2012

a From 2007 279,836. -

bFrom 2008 309,100. _

c From 2009 154,564.

dFrom 2010 141,079. .

eFrom 2011 97,678. - -

f Total of lines 3a through e 982, 257 .

4 Qualifying distributions for 2012 from Part

XII, line4 "' $ 86,349 ; s: t _ .. ..•a

a Applied to 201 1 , but not more than line 2a

b Applied to undistributed income of prior years t;'(Election required - see instructions) ¢-qu°.^,-:x, ; ,•= .1,T.-,

c Treated as distributions out of corpus ^"^f-41 `` Fg 5^•; ^^ -±t^? ,, , , _ i; -(Election required - see instructions)

d Applied to 2012 distributable amount }!MIMW"^

e Remaining amount distributed out of corpus 86,349 . s';.>r_t Wf

5 Excess distributions carryover applied to 2012~(If an amount appears in column (d), the ,. ^,.. '•:r ,:_ eta ?.` ,#

same amount must be shown in column (a))^

`k'•-k't "pY "^ ••:- '

06, t

i ^E^ ^ ° ^ £ ^'t(^• ^•c'

6

Enter the net total of each column asI , :< <•'' . ' ., , Fl P .'` .zi l k ^'^•s i _ .1

^

indicated below :

a Corpus Add lines 3f, 4c, and 4e Subtract line 5 1,068,606.

S b t' undistributed income u tracb Prior yearsline 4b from line 2b 0.

c Enter the amount of prior years' undistribut-ed income for which a notice of deficiencyhas been issued or on which the section ;4942(a) tax has been previously assessed '

d Subtract line 6c from line 6b Taxableamount - see instructions V • 0.

e Undistributed income for 2011 Subtract line 4a fromline 2a Taxable amount - see instructions 0. ,'

f Undistributed income for 2012 Subtract lines F4d and 5 from line 1 This amount must be ; ` .• ' u.: =4th ';^ r ; r; - xdistributed in 2013 0 .

7 Amounts treated as distributions out ofcorpus to satisfy requirements imposed

-r+Y;,•,. ^-,;:^, {,^^

' •j T`kr'R

i^',^„-^,.'^,._., ^,^„ `;-';-. „-_^, .by section 170(b)(1)(F) or 4942(g)(3) x "'-°f, • p

,'r 44 ,y.

(see instructions)

8 Excess distributions carryover from 2007 not lwk . c : •;rv" ,' ;x i.lied on line 5 or line 7 (see instructions)a s'{ '

^,"pp 279,836. •^ ,+.c 4.9,l^.

9 Excess distributions carryover to 2013 . •.b, ' ` ^t ^^jxr'r^"' =,^Subtract lines 7 and 8 from line 6a 788,770 .

10 Analysis of line 9 '

a Excess from 2008 309,100.

b Excess from 2009 154,564. `

c Excess from 2010 141,079.

d Excess from 2011 97,678.

e Excess from 2012 86,349.


TEEA0309 12/23/12


Part Private Operating Foundations (see instructions and Part VII- A, question 9) N/A

1 a It the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling11-is effective for 2012, enter the date of the ruling

b Check box to indicate whether the foundation is a private operating foundation described in section 49420 )(3) or 4942(1)(5)

2 a Enter the lesser of the adjusted net Tax year Prior 3 yearsincome from Part I or the minimum (a) 2012 (b) 2011 (c) 2010 (d) 2009 (e) Totalinvestment return from Part X foreach year listed

b 85% of line 2a

c Qualifying distributions from Part XII,line 4 for each year listed

d Amounts included in line 2c not used directlyfor active conduct of exempt activities

e Qualifying distributions made directlyfor active conduct of exempt activitiesSubtract line 2d from line 2c

3 Complete 3a, b, or c for thealternative test relied upon

a 'Assets' alternative test - enter

(1) Value of all assets

(2) Value of assets qualifying undersection 49420)(3)(B)(i)

b 'Endowment ' alternative test - enter 2/3 ofminimum investment return shown in Part X,line 6 for each year listed

c 'Support ' alternative test - enter

(1) Total support other than grossinvestment income (interest,dividends, rents , paymentson securities loans (section512(a)(5 )), or royalties)

(2) Support from general public and 5 ormore exempt organizations as providedin section 4942( I)(3)(B)(in)

(3) Largest amount of support froman exempt organization

(4) Gross investment income

Part V- Supplementary Information (Complete this part only if the foundation had $5,000 or more inassets at any time during the year - see instructions.)

1 Information Regarding Foundation Managers:a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before theclose of any tax year (but only if they have contributed more than $5,000) (See section 507(d)(2)

PATRICK A BROWN

b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership ofa partnership or other entity) of which the foundation has a 10% or greater interest

2 Information Regarding Contribution , Grant , Gift, Loan , Scholarship , etc, Programs:

Check here " ® if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicitedrequests for funds If the foundation makes gifts, grants, etc (see instructions) to individuals or organizations under other conditions,complete items 2a, b, c, and d

a The name, address, and telephone number or e-mail of the person to whom applications should be addressed

b The form in which applications should be submitted and information and materials they should include

c Any submission deadlines

d Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors

BAA TEEA0310 12/23/12 Form 990-PF (2012)

Form 990-PF (2012) JACK AND FRANCES BROWN FOUNDATION 20-385246 8

Part XV Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment

f recipient is an individual, oundationRecipient how any relationship to any status ofPurpose of grant or

Amountfoundation manager or contribution

recipientName and address (home or business) substantial contributor

a Paid during the year

MIDLAND NEED TO READ ASSISTANCE FOR

1709 W WALL ST LITERACY SKILLS

MIDLAND TX 79701 NONPRO IMPROVEMENT 5,000.

MIDLAND CHILDREN'S REHAB CENTER ASSISTANCE FOR

802 VENTURA THERAPY SERVICES

MIDLAND TX 79705 NONPRO 5,000.

TEENFLOW YOUTH MINISTRIES ASSISTANCE FOR

P 0 BOX 733 TEENS IN MINISTRY

MIDLAND TX 79702 NONPRO 5,000.

BOYS & GIRLS CLUB ASSISTANCE FOR

P 0 BOX 284 FACILITY AND ACTIVIES

MIDLAND TX 79702 NONPRO FOR LOCAL YOUTH 10,000.

MIDLAND FAIR HAVENS ASSIST SINGLE

2400 WHITMIRE BLVD, STE 100 MOTHERS & CHILDREN

MIDLAND TX 79705 NONPROF 5,000.

MIDLAND COMMUNITY THEATRE ASSISTANCE FOR

2000 W WADLEY PROVIDING THEATRE ARTS

MIDLAND TX 79705 NONPRO AND EDUCATION 2,500.

HIGH SKY CHILDREN'S RANCH PROVIDE SAFE HOME FOR

8701 WEST COUNTY ROAD 60 ABUSED AND NEGLECTED

MIDLAND TX 79707 NONPRO CHILDREN 3,000.

MIDLAND ASSOCIATION OF RETARDED CITIZENS ASSISTANCE FOR THE DEVELOPMENTAL

2701 NORTH A STREET AND INTELLECTUALLY

MIDLAND TX 79705 NONPRO CHALLENGED 5,000.

UNIVERSITY OF TX-PERMIAN BASIN ASSISTANCE FOR

4901 E UNIVERSITY PERFORMING ARTS VENUE

ODESSA TX 79762 NONPRO -WAGNER NOEL 5,000.

See Line 3a statement

16,000.

Total 3a 61,500.

b Approved for future payment

Total - 3 bj

BAA TEEA0501 12/23/12 Form 990-PF (2012)


Part XVI-A Analysis of Income-Producing Activities

Enter

a

b

c

d

e

f

92

3

4

5

a

b

6

7

8

9

10

11

a

b

C

d

e

12

gross amounts unless otherwise indicated Unrelated business income Excluded by section 512, 513, or 514 (e)

rogram service revenue

(a)Business

code

(b)Amount

(c)Exclu-sioncode

(d )Amount

Related or exemptfunction income(See instructions )

Fees and contracts from government agencies

Membership dues and assessments

Interest on savings and temporary cash investments

Dividends and interest from securities 39,521.Net rental income or (loss) from real estate •'

Debt-financed property

Not debt-financed property

Net rental income or (loss) from personal property

Other investment income

Gain or (loss) from sales of assets other than inventory 5,786.Net income or (loss) from special events

Gross profit or (loss) from sales of inventory

Other revenue

Subtotal Add columns (b), (d), and (e) 45,307.13 Total . Add line 12, columns (b), (d), and (e) 13 45,307.(See worksheet in line 13 instructions to verify calculations )

Part XVI -B Relationship of Activities to the Accomplishment of Exempt Purposes

Line No .7

Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to theaccomplishment of the foundation's exempt purposes (other than by providing funds for such purposes) (See instructions )

4 & 8 HE INCOME FROM RETURN ON INVESTMENTS ENABLED THE

' JNDERPRIVILED OF THE COMMUNITY TO MEET THEIR NEEDS AND

DEVELOP SKILLS TO ENABLE THEM TO HELP THEMSELVES AS WELL AS

ROVIDE THE COMMUNITY WITH ACCESS TO EXPERIENCE VARIOUS

ERFORMING ARTS.

BAA TEEA0502 12/23112 Form 990-PF (2012)


PartXVII 4 Information Regarding Transfers To and Transactions and Relationships With NoncharitableExempt Organizations

Yes No1 Did the organization directly or indirectly engage in any of the following with any other organization

described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527,relating to political organizations7

a Transfers from the reporting foundation to a noncharitable exempt organization of

(1) Cash 1 a (1) X

(2) Other assets 1 a (2) X

b Other transactions

(1) Sales of assets to a noncharitable exempt organization 1 b (1) X

(2) Purchases of assets from a noncharitable exempt organization 1 b (2) X

(3) Rental of facilities, equipment, or other assets 1 b (3) X

(4) Reimbursement arrangements 1 b (4) X

(5) Loans or loan guarantees 1 b (5) X

(6) Performance of services or membership or fundraising solicitations 1 b (6) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees 1 c X

d If the answer to any of the above is 'Yes,' complete the following schedule Column (b) should always show the fair market value ofthe goods, other assets, or services given by the reporting foundation If the foundation received less than fair market value in

(a) Name of organization (b) Type of organization (c) Description of relationship

Under penalties of per ur , I Clare that I have examined this return , including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,correct, and co a ahon of p

SignHere

Signature of officer or trustee Date

Preparer's signaturePnnt/Type preparer's name

PaidPreparer Firm's name "'Non-paid Pre-Use Only Firm's address

BAA

2 a Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizationsdescribed in section 501 (c) of the Code (other than section 501(c)(3)) or in section 527 DYes ®No

b If 'Yes .' comDlete the followlna schedule.

Form 990-PF I Net Gain or Loss From Sale of Assets I 2012Part I, Line 6aName Employer Identification Number

JACK AND FRANCES BROWN FOUNDATION 20-3852468

Asset Information:Description of Property WISDOMTREE TRUST INDIA EARNINGSDate Acquired 04/21 /11 How Acquired Purchased

Date Sold 08/22 /12 Name of Buyer

Sales Price 7,930. Cost or other basis (do not reduce by depreciation) 11,027.Sales Expense Valuation Method Fair Market Value

Total Gain (Loss) -3,097. Accumulation Depreciation

Description of Property BARCLAYS TIPS BONDS

Date Acquired 01/13/11 How Acquired PurchasedDate Sold 11/30/12 Name of Buyer

Sales Price 3, 073. Cost or other basis (do not reduce by depreciation) 2,699.Sales Expense Valuation Method Fair Market ValueTotal Gain (Loss) 374. Accumulation Depreciation

Description of Property. DJ SEL

Date Acquired 01/13/11 How Acquired. Purchased

Date Sold 11/30/12 Name of Buyer

Sales Price 25, 854 . Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method. Fair Market Value

Total Gain (Loss) 3,376. Accumulation Depreciation

Description of Property IBOXX HI YLD CORP BONDS

Date Acquired 01/13/11 How Acquired Purchased


Sales Price 2,790. Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method Fair Market Value

Total Gain (Loss) 51. Accumulation Depreciation

Description of Property IBOXX INV GRADE CORP BONDS


Date Sold. 11/30/12 Name of Buyer-

Sales Price 27,500. Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method Fair Market Value

Total Gain (Loss) 2,939. Accumulation Depreciation

Description of Property MSCI S KORIEA INDEX FUND

Date Acquired 02/24 /11 How Acquired Purchased


Sales Price 5, 963. Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method. Fair Market Value

Total Gain (Loss) - 214 , Accumulation Depreciation*

Description of Property SPDR GOLD TRUST



Sales Price 3, 322. Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method Fair Market ValueTotal Gain (Loss) 620. Accumulation Depreciation

Description of Property See Net Gain or Loss from Sale of Assets

Date Acquired How Acquired

Date Sold Name of Buyer

Sales Price Cost or other basis (do not reduce by depreciation)

Sales Expense Valuation Method

Total Gain (Loss) Accumulation Depreciation

22,478.

2,739.

24,561.

6,177.

2,702.

TEEW4004 07/16/12

JACK AND FRANCES BROWN FOUNDATION 20-3852468

Form 990-PF, Part I, Lines 6a

Net Gain or Loss from Sale of Assets

Asset Information:Description of Property VANGUARD REIT

--------------------------------------Business Code ----

Exclusion Code-- -------

Date Acquired ___01/13/11 How Acquired Purchased----------------------------

Date Sold 1 1/30/12 Name of Buyer

Check Box, if Buyer is a Business

Sales Price _ _ _ _ 5,129 . Cost or other basis (do not reduce by depreciation) _ _ _ _ 4,429,

Sales Expense _ _ _ _ _ _ _ -Valuation Method Fair Market Value _ _ _ _ _ - _ _ - - -

Total Gain (Loss) 700. Accumulated Depreciation

Description of Property WISDOMTREE-TREE

-DIVIDEND

------------------------------------Business Code Exclusion Code

Date Acquired - - _01/13/11 How Acquired Purchased----------------------------

Date Sold 1 1/30/12 Name of Buyer _________________----- -----------

Check Box, if Buyer is a Business q

Sales Price _ _ _ _13 , 630. Cost or other basis (do not reduce by depreciation) _ _ _ _11 , 816. .Sales Expense _ _ _ _ _ _ _ _ _ -Valuation Method Fair Market Value _ _ _ _ _ _ _ _ _ _ ---------------Total Gain (Loss) 1, 814 . Accumulated Depreciation

Description of Property K-i PASSTHRU - POWERSHARES DB COMMODITY-SEC_1256__-------------------------- -- ---

Business Code Exclusion Code

Date Acquired _ _ _ _ _ _ _ _ _ -How Acquired

Date Sold Name of Buyer _____________-Check Box, if Buyer is a Business

Sales Price 381. Cost or other basis (do not reduce by depreciation) _ _ _ _ - _ _ _ _ -

Sales Expense - _ _ _ _ _ _ _ -Valuation Method -------------------------Total Gain (Loss) 381. Accumulated Depreciation

Description of Property K_1 PASSTHRU - UNITED_STATES OIL FUND LP-SEC-1256 _

- ------------- --------------------Business Code Exclusion Code

Date Acquired- - - - -

_ _ How Acquired ----------------------------Date Sold Name of Buyer

Check Box, if Buyer is a Business F-1Sales Price Cost or other basis (do not reduce by depreciation) _ _ _ - 1,010..

Sales Expense _ _ _ _ _ _ _ -Valuation Method -------------------------Total Gain (Loss) -1, 010. Accumulated Depreciation

Description of Property K_1 PASSTHRU - POWERSHARES DB COMMODITY INDEX- STCG- -------------------------------


Date Acquired _ -How Acquired

Date Sold Name of Buyer ____________________________-_________

Check Box, if Buyer is a Business F-1Sales Price 19. Cost or other basis (do not reduce by depreciation)

Sales Expense---

Valuation Method------- -------------------------


Description of Property K-i PASSTHRU - POWERSHARES DB COMMIDITY-INDEX-LTCG-------------------------- --------


Date Acquired----

_ _ How Acquired--- ----------------------------

Date Sold Name of Buyer ______________________________-_____Check Box, if Buyer is a Business q

Sales Price _ _ _ - _ _ - _ _-

Cost or other basis (do not reduce by depreciation) - _ - - - - 245..

Sales Expense---

Valuation Method------- -------------------------

Total Gain (Loss) - 24 5 . Accumulated Depreciation

Description of Property CAPITAL GAIN DISTRIBUTION - MORGAN_ STANLEY _ _ _ _ _ _

Business Code----

Exclusion Code-- -------

Date Acquired - _ _ _ _ _ -How Acquired----------------------------

Date Sold Name of Buyer

Check Box, if Buyer is a Business

Sales Price----

78. Cost or other basis (do not reduce by depreciation)------ ----------

Sales Expense _ _ _ _ _ _ _ _ - -Valuation Method-------------------------


JACK AND FRANCES BROWN FOUNDATIONE.I.N. 20-3852468

SCHEDULE FOR INVESTMENTS - PART II, LINE 10b & 10c, DECEMBER 31, 2012

MORGAN STANLEY MANAGED ACCOUNT

STOCK

POWERSHARES DB CMDTYIDX TRACK UNIT

SPDR GOLD TRUSTUNITED STATES OIL FUND LP-ETF

TORT ENER INFRASISHARES DJ SELISHARES INC CDA INDEX FD US EFTSISHARES INC MSCI AUSTRALA INDXFD US EFTSISHARES INC MSCI BRAZIL FREE INDEX FUND

ISHARES INC MSCI BRAZIL FREE INDEX FUND - ACCRUED DIVIDEND

ISHARES INC MSCI SOUTH KOREA INDEX FUND EUROPEAN ETF

ISHARES MSCI EMERGING MKTS INDEX ETF(SHARES MSCI EMERGING MKTS INDEX ETF - ACCRUED DIVIDEND

ISHARES TR MSCI EAFE IDXISHRES FTSE CHNA 25 INDEX

VANGUARD REITWISDOMTREE TREE DIVIDEND EX FINANCIALS FUNDWISDOMTREE TRUST INDIA ERNGS FDETF

TOTAL STOCK - PART II LINE 10b

BOOK VALUEBEGINNING FAIR MARKET

SHARES OF YEAR END OF YEAR VALUE370 10,209 10,285 10,279140 22 , 191 19,489 22,683260 11,193 10,132 8,676

1,941 72,212 75 , 316 73,5642.000 124 . 272 101.795 114,480670 21,637 21,637 19,028830 21,378 21,378 20,866150 11,527 11,527 8,391

19 19210 10,414 12.254 13.304460 21 , 790 21,790 20,401

7 71,480 89,136 89,136 84,153255 11,189 11,189 10.315710 44 , 932 40,503 46,718

2,035 111 , 746 99,930 113.10511,027 0 0

11,511 594 , 854 546 , 385 565,989

BONDSISHARES BARCLAYS TIPS BOND FUND 185 22,802 20,103 22,461ISHARES BARCLAYS TIPS BOND FUND - ACCRUED DIVIDEND 0 2 2ISHARES IBOXX H/Y CORP BOND 730 69,676 66,937 68,146ISHARES IBOXX H/Y CORP BOND - ACCRUED DIVIDEND 406 369 369ISHARES IBOXX INV GRADE CORP 1,765 217,068 192,507 213,547ISHARES IBOXX INV GRADE CORP - ACCRUED DIVIDEND 771 639 639ISHARES S&P/CITI 1-3 YEAR INTL T 430 45,854 45,854 41.719(SHARES S&P/CITI 1-3 YEAR INTL T - ACCRUED DIVIDEND 278 219 219SPDR BARCLAYS CAP INTL TREASURY 745 44,365 44,365 45,452SPDR BARCLAYS CAP INTL TREASURY - ACCRUED DIVIDEND 106 107 107WT EM LOCAL DEBT 1,090 56,605 56,605 58,271

TOTAL BONDS - PART II LINE 10C 4,945 457 , 932 427 , 706 450,931

TOTAL INVESTMENTS 16,456 1,052 , 786 974,091 1 , 016,920

Jack & Frances Brown Foundation

Summary - Gain ( Loss ) on Sale of Investments - 2012

TIN: 20-3852468Form 990-PF Part IV

ACQUIRED SOLD BASIS PROCEEDS GAIN (LOSS)

VANGUARD REIT 1/13/11 11/30/12 4,429 22 S,12868 699 46

(SHARES BARCLAYS TIPS BONDS 2 693% 1/13/11 11/30/12 2,698.76 3,072 68 373 92

(SHARES IBOXX H/Y CORP BONDS 6 153% 1/13/11 11/30/12 2,738.86 2,789 63 50 77

SPDR GOLD TRUST 1/13/11 11/30/12 2,702.00 3,321.92 619 92

ISHARES IBOXX INV GRADE CORP 4 608% 1/13/11 11/30/12 24,561.09 27,499 89 2,938 80

(SHARES DJ SEL 1/13/11 11/30/12 22,477.50 25,854 04 3,376 54

WISDOMTREE TREE DIVIDEND EX 1/13/11 11/30/12 11,816 13 13,629.82 1,813.69

]SHARES INC MSCI SOUTH KOREA INDEX FUND 2/24/11 11/30/12 576.20 596 38 20 18

(SHARES INC MSCI SOUTH KOREA INDEX FUND 1/13/11 11/30/12 5,600.70 5,367 38 (233 32)

Subtotal Sold in November 77,600.46 87,260.42 9,659.96

WISDOMTREE TRUST INDIA ERNGS FDETF 4/21/11 8/22/12 2,020.80 1,379 24 (641 56)

WISDOMTREE TRUST INDIA ERNGS FDETF 2/24/11 8/22/12 3,336.78 2,S8607 (750 71)

WISDOMTREE TRUST INDIA ERNGS FDETF 1/13/11 8/22/12 5,669.48 3,96532 (1,704 16)

Subtotal Sold in August 11 ,027.06 7 ,930.63 ( 3,096.43)

Total Gain ( Loss ) on sales - 2012 Activity 88,627 . 52 95,191.05 6,563.53

0

.JACK AND FRANCES BROWN FOUNDATION 20-3852468

Form 990-PF, Page 2, Part III, Line 5Other Decreases Stmt

SUSPENDED LOSS FROM PUBLICLY TRADED

PARTNERSHIP 53.

Total 53.

Form 990-PF, Part IV, Capital Gains and Losses for Tax on Investment Income

Columns (a) thru (d)

(a) (b) (c) (d)

List and describe the kind(s) of property sold How acquired Date acquired Date sold

(e.g , real estate, 2-story brick warehouse, or P - Purchase (month, (month,

common stock, 200 shares MLC Company) D - Donation day, year) day, year)

SEC 1256 GAIN - K-1: POWERSHARES DB COMMODITY P 12/31 /11 12/31/12

SEC 1256 GAIN - K-1: UNITED STATES OIL FUND P 01/31/12 12/31/12

SEC 1256 GAIN - K-1:UNITED STATES OIL FUND P 12/31 /11 12/31/12

SHORT TERM CAPITAL GAIN - K-1: POWERSHARES DB COMMODITY P 01/31 / 12 12/31/12

LONG TERM CAPITAL GAIN - K-1: POWERSHARES DB COMMODITY P 12/31 /11 12/31/12


Columns (e) thru (h)

(e) (f) (g) (h)Gross sales Depreciation allowed Cost or other basis Gain or (loss)

price (or allowable) plus expense of sale (e) plus (f) minus (g)

229. 0. 229.

0. 404. -404.

0. 606. -606.

19. 0. 19.

0. 245. -245.

Total 1, 255. -1,007.


Columns (i) thru (I)

Complete only for assets showing gain in column (h) and owned (I)

by the foundation on 12/31/69 Gains (column (h)gain minus column (k),

(i) (j) (k) but not less than -0-)

Fair Market Value Adjusted basis Excess of column (i) or losses (from

as of 12/31/69 as of 12/31/69 over column 0), if any column (h))

229.

-404.

-606.

19.

-245.

Total -1,007.

JACK AND FRANCES BROWN FOUNDATION 20-3852468 2

Form 990-PF, Page 11, Part XV, line 3aLine 3a statement

Recipient If recipient is Foun- Purpose of Person oran individual, dation grant or contribution Business

Name and address show any status Checkbox(home or business) relationship to of re-

any foundation cipient Amountmanager orsubstantial

contributor

a Paid during the year

GREATER-IDEAL

411 S TYLER ST

BAPTIST CHURCH I -_ -_ -_ -_ -_ - -_ - - -I - - - - - I CHURCH MINISTRY

BPerson

usiness


NATIONAL MS-SOCIETY

- - - - - - - - - - - - - -ASSISTWITH IMPROVING Person or

1031 ANDREWS HWY,-STE-201----------------- - - - - - - - - - - -

- - - - QUALITY OF LIFE Business

MIDLAND TX 79701 NONPROF FOR INDIVIDUALS WITH MS 1,000.

COMMUNITY & SENIOR SERVICES------------------- ---------- -----

MEALS ON WHEELS------------

Person orH301 SINCLAIR AVE3

------------------- ---------- -----FOR SENIORS ------------

Business


CHURCH ON WHEELS------------------- ---------- -----

HELP FEED THOSE IN NEED------------

Person orP O BOX 9402------------------ ---------- ----- ------------

Business


MIDLAND- -MEMORIAL FOUNDATION

-------------- ---------- -----FUNDING FOR NEW------------

Person or R2200 W-ILLINOIS

------------------ ---------- -----CANCER FLOOR------------

Business


Total

16,000.

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