Thanks Kenneth, that was a great reference. I got it to work!
I ended up placing a text widget within the “graphene_footer” action hook, and using the “padding” style to position the text, as so:
<div style="padding: 37px 0px 0px 0px;">Sample Text Widget On Graphene-Footer Action Hook</div>
You can see the result in the footer of the page at: http://www.ashishmacwan.com
By the way, is it a good idea to use “padding”? Is there another, preferred option?