﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2015v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-05-05T12:02:05-07:00</ReturnTs>
    <TaxPeriodEndDt>2015-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Blazek &amp; Vetterling</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2900 Weslayan Suite 200</AddressLine1Txt>
        <CityNm>Houston</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>770275132</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>746104592</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>The Powell Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>POWE</BusinessNameControlTxt>
      <PhoneNum>7135237557</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2121 San Felipe</AddressLine1Txt>
        <CityNm>Houston</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77019</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Nancy Powell Moore</PersonNm>
      <PersonTitleTxt>Pres/Treas/Dir.</PersonTitleTxt>
      <SignatureDt>2016-05-05</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Jody Blazek</PreparerPersonNm>
      <PTIN>P00072674</PTIN>
      <PhoneNum>7134395739</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2016-09-27 15:27:22Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1 990PFBinaryAttachments.2 990PFBinaryAttachments.3 990PFBinaryAttachments.4" softwareId="15000324" softwareVersionNum="2015v2.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>31032702</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1564341</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>813170</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>813170</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>2459271</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>5076560</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>2793530</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>4836782</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3606700</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>156930</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>7847</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>149083</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>33099</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>3310</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>29789</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>17935</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>1074</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>16862</PensionEmplBnftDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">2600</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1300</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1300</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">54762</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>54762</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">46601</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>11377</TaxesNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>19275</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>964</OccupancyNetInvstIncmAmt>
        <OccupancyDsbrsChrtblAmt>18311</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>67885</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>3394</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>64491</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">5678</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>284</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>5394</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>404765</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>84312</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>285230</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1187938</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1239438</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1592703</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>84312</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1524668</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>3244079</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3522388</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>201866</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>583455</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>583455</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>8769</AcctRcvblAmt>
        <AcctRcvblBOYAmt>10017</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>8769</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>8769</AcctRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>310</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>310</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>310</PrepaidExpensesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>407381</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvestmentsGovtObligationsSche">420056</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>420056</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>30935304</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">29281574</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>29281574</CorporateStockEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>4335</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>4335</LandBldgEquipAccumDeprecAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">738538</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">738538</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>31554878</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>31032702</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>31032702</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>12557</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>5224</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>75000</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>23500</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>87557</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>28724</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>31467321</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>31003978</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>31467321</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>31003978</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>31554878</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>31032702</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>31467321</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>3244079</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>34711400</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">3707422</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>31003978</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly - traded securities</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-01-01</AcquiredDt>
          <SoldDt>2015-01-01</SoldDt>
          <GrossSalesPriceAmt>5076560</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2283030</CostOrOtherBasisAmt>
          <GainOrLossAmt>2793530</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2793530</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>2793530</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>1363062</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>30660751</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04446</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>1220731</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>27517329</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04436</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>1099530</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>24606927</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04468</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>904402</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>22485608</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04022</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>759456</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>18845501</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04030</DistributionYr5Rt>
        <TotalDistributionRt>0.214022</TotalDistributionRt>
        <AverageDistributionRt>0.042804</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>31093968</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1330946</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>35224</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1366170</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>1524668</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>35224</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>35224</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>35224</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>30000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>30000</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <TaxDueAmt>5224</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>www.powellfoundation.org</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Caroline Sabin</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7135237557</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2121 San Felipe Suite 110</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77019</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Kitty King Powell</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Founder</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Nancy Powell Moore</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Pres/Treas/Dir.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2494</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Ben H Powell V</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Vice Pres/Dir</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Albert S Tabor</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>VP/Sec/Dir.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Charles F Caldwell</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Jan L Redford</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Marian P Harrison</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Katherine P Hill</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Katherine Osborne Valdez</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Ben H Powell VI</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Marian MCasey</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Caroline Sabin</PersonNm>
          <USAddress>
            <AddressLine1Txt>2121 San Felipe Ste 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </USAddress>
          <TitleTxt>Executive Dir.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>154436</CompensationAmt>
          <EmployeeBenefitProgramAmt>4633</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Fayez Sarofim &amp; Co</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>909 Fannin St</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77010</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investment mgmt</ServiceTypeTxt>
          <CompensationAmt>54762</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>30994128</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>476229</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>97123</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>31567480</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>31567480</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>473512</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>31093968</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1554698</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1554698</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>35224</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>35224</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1519474</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1519474</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1519474</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1524668</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1524668</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>35224</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>1489444</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1519474</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>436164</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1524668</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>436164</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1088504</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>430970</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Nancy Powell Moore</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>The Powell Foundation</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2121 San Felipe Suite 110</AddressLine1Txt>
            <CityNm>Houston</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7135237557</RecipientPhoneNum>
          <RecipientEmailAddressTxt>csabin@powellfoundation.org</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>See attachment as well as the Foundation's website (www.powellfoundation.org) for application and guidelines.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>None</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>See attachment and website.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>See detail attachment</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Foundations state zip code</AddressLine1Txt>
            <CityNm>for efiling</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>See attachment</GrantOrContributionPurposeTxt>
          <Amt>1239438</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1239438</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>813170</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2459271</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3272441</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3272441</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="15000324" softwareVersionNum="2015v2.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>Kitty King Powell</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>4718 Hallmark AL 11</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77056</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>825803</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>Kitty King Powell Estate</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>4718 Hallmark AL 11</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77056</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>738538</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>15,800 shs GE Stock</NoncashPropertyDesc>
        <FairMarketValueAmt>425803</FairMarketValueAmt>
        <ReceivedDt>2015-05-01</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>2</ContributorNum>
        <NoncashPropertyDesc>Account receivable</NoncashPropertyDesc>
        <FairMarketValueAmt>738538</FairMarketValueAmt>
        <ReceivedDt>2015-11-13</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <AccountingFeesDetail>
        <CategoryTxt>Tax Compliance Services</CategoryTxt>
        <Amt>2600</Amt>
        <NetInvestmentIncomeAmt>1300</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1300</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>Corporate Stock - See attachment (p.1-5)</StockNm>
        <EOYBookValueAmt>21825705</EOYBookValueAmt>
        <EOYFMVAmt>21825705</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Vanguard Int'l Stock Ix Admiral</StockNm>
        <EOYBookValueAmt>4465004</EOYBookValueAmt>
        <EOYFMVAmt>4465004</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Vanguard Mid-cap Index Fund Adm</StockNm>
        <EOYBookValueAmt>2990865</EOYBookValueAmt>
        <EOYFMVAmt>2990865</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="15000324" softwareVersionNum="2015v2.0">
      <USGovtObligationsBookVlEOYAmt>420056</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>420056</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="15000324" softwareVersionNum="2015v2.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4335</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4335</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherAssetsScheduleGrp>
        <Desc>Receivable from estate</Desc>
        <EOYBookValueAmt>738538</EOYBookValueAmt>
        <EOYFMVAmt>738538</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherExpensesScheduleGrp>
        <Desc>Dues and subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>77</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>73</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>1693</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>85</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1608</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office expense</Desc>
        <RevenueAndExpensesPerBooksAmt>2100</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>105</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1995</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Payroll processing fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1808</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>90</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1718</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Counseling</CategoryTxt>
        <Amt>54762</Amt>
        <NetInvestmentIncomeAmt>54762</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <TaxesDetail>
        <CategoryTxt>Accrued tax expense</CategoryTxt>
        <Amt>5224</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Federal Excise Tax</CategoryTxt>
        <Amt>30000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Tax</CategoryTxt>
        <Amt>11377</Amt>
        <NetInvestmentIncomeAmt>11377</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>