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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BETH VAN DUYNE</PersonNm>
          <USAddress>
            <AddressLine1Txt>2201 WEST ROYAL LANE 100</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>T Charles Pierson</PersonNm>
          <USAddress>
            <AddressLine1Txt>2201 WEST ROYAL LANE 100</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </USAddress>
          <TitleTxt>Executive Dir.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>266539</CompensationAmt>
          <EmployeeBenefitProgramAmt>36912</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>JANEMARIE CLARK</PersonNm>
          <USAddress>
            <AddressLine1Txt>2201 WEST ROYAL LANE 100</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </USAddress>
          <TitleTxt>EXEC. ASSISTANT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>78423</CompensationAmt>
          <EmployeeBenefitsAmt>19662</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>EILEEN RESNIK</PersonNm>
          <USAddress>
            <AddressLine1Txt>2201 WEST ROYAL LANE 100</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>118477</CompensationAmt>
          <EmployeeBenefitsAmt>17441</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>38060552</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8138021</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>28862658</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>75061231</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>75061231</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1125918</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>73935313</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3696766</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3696766</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>28466</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>28466</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3668300</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>3668300</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>3668300</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>3035226</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>3035226</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>3668300</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>3015645</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>3035226</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>3015645</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>19581</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>3648719</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CHARLES PIERSON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2201 WEST ROYAL LANE 100</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2142202128</RecipientPhoneNum>
          <RecipientEmailAddressTxt>CHARLES@SUMNERSFOUNDATION.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>VARIOUS</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAYLOR UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1311 S 5TH ST</AddressLine1Txt>
            <CityNm>WACO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>iENGAGE SUMMER CIVICS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUND FOR AMERICAN STUDIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1706 NEW HAMPSHIRE AVE</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS TO ATTEND 2024 TFAS DC SUMMER PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>43600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOWARD PAYNE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1000 FISK STREET</AddressLine1Txt>
            <CityNm>BROWNWOOD</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CAMPUS AND COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHILANTHROPY ROUNDTABLE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1730 M STREET NM</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ADVANCE CIVIC EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SCHREINER UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2100 SAN ANTONIO HWY</AddressLine1Txt>
            <CityNm>KERRVILLE</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78028</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMNERS SCHOLARSHIP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS CHRISTIAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2800 S UNIVERSITY DR</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76129</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>INEGAGE &amp; TCU WASHINGTON INTERNSHIP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>33000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS TRIBUNE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>823 CONGRESS AVE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TEXAS TRIBUNE FESTIVAL</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS WESLEYAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1201 WESLEYAN ST</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMNERS SCHOLARSHIP ENDOWMENT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF DALLAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1845 E NORTHGATE DR</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75062</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMNERS SCHOLARSHIP PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>68000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA ALBUQUERQUE CENTRAL NM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4701 MONTANO RD NM</AddressLine1Txt>
            <CityNm>ALBUQUERQUE</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>113000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OKLAHOMA CITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 W MAIN ST</AddressLine1Txt>
            <CityNm>OKLAHOMA CITY</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>73102</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>106000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AUSTIN COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>900 N GRAND AVE</AddressLine1Txt>
            <CityNm>SHERMAN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75090</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC ADMINISTRATION &amp; CRIMINAL LAW SYMPOSIUM</GrantOrContributionPurposeTxt>
          <Amt>9000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUND FOR AMERICAN STUDIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1706 NEW HAMPSHIRE AVE</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TEACHER TRAINING PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>31900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAW FOCUSED EDUCSTATE BAR OF TEXAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14651 DALLAS PKWY</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75254</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TEACHER TRAINING INSTITUTE ON THE FOUNDING DOCUMENTS</GrantOrContributionPurposeTxt>
          <Amt>374300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRAVER ANGELS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>733 THIRD AVENUE FL 16</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DEPOLARIZATION PROJECT</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CERTELL INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2201 E 46TH ST 302</AddressLine1Txt>
            <CityNm>INDIANAPOLIS</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EQUIPPING STUDENTS TO ENGAGE IN DEMOCRACY</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DALLAS HOLOCAUST HUMAN RIGHTS MUSEU</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 N HOUSTON ST</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RULE OF LAW SERIES</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SAN ANTONIO REPORT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>126 GONZALES ST 100</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVIC ENGAGEMENT REPORTING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TEXAS PUBLIC POLICY FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>901 CONGRESS AVENUE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YMCA OF AUSTIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>55 NORTH IH-35</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TEXAS YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FORT WORTH REPORT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2003 8TH AVE 300</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76110</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVIC ENGAGEMENT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>INTERNATIONAL LITERACY DEVELOPMENT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 383153</AddressLine1Txt>
            <CityNm>DUNCANVILLE</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75138</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ROHINGYA LANGUAGE AND LITERACY PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LIBERTAS ACADEMY-SCORRO ISD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>12101 PELLICANO DR</AddressLine1Txt>
            <CityNm>EL PASO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79936</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>GOV</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVICS CAMP 8.0</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>RONALD REAGAN PRESIDENTIAL FOUNDATI</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>40 PRESIDENTIAL DRIVE</AddressLine1Txt>
            <CityNm>SIMI VALLEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>REGIONAL GREAT COMMUNICATOR DEBATE SERIES COMPETITION</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TEXAS BOYS STATE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 140527</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78714</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
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            <ZIPCd>75063</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>educational scholarships</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOWARD PAYNE UNVERSITY</RecipientPersonNm>
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            <ZIPCd>76081</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAW FOCUSED EDUCSTATE BAR OF TEXAS</RecipientPersonNm>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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          <Desc>OIL &amp; GAS ROYALTIES</Desc>
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        <OtherRevenueDescribedGrp>
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        <OtherRevenueDescribedGrp>
          <Desc>pass through from K-1's</Desc>
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        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
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        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
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        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
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        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
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        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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        <EOYFMVAmt>4081226</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>11695336</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>4408827</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>4752147</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>4374143</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>3799919</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>BAIRD AGGREGATE BOND INS</StockNm>
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        <EOYFMVAmt>4372573</EOYFMVAmt>
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        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
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        <BookValueAmt>279402</BookValueAmt>
        <EOYFMVAmt>279402</EOYFMVAmt>
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        <CategoryOrItemTxt>AMERRA AGRI FUND II LP</CategoryOrItemTxt>
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        <EOYFMVAmt>825644</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ML-K-18-WP TRUST IV</CategoryOrItemTxt>
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        <EOYFMVAmt>5055</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LINX FUND I LP</CategoryOrItemTxt>
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        <EOYFMVAmt>9208222</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAPITAL ROY PARTNERS II</CategoryOrItemTxt>
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        <EOYFMVAmt>39241</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI GULF OF MEXICO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>436777</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OKLAHOMA #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>772</BookValueAmt>
        <EOYFMVAmt>772</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OKLAHOMA #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>5200</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI KANSAS #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>317622</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>51547</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI NM #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>20028</BookValueAmt>
        <EOYFMVAmt>20028</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA # 3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>93170</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>80107</BookValueAmt>
        <EOYFMVAmt>80107</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>13293</BookValueAmt>
        <EOYFMVAmt>13293</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI KANSAS #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>3154</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI WYOMING #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>455101</BookValueAmt>
        <EOYFMVAmt>455101</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PINNACLE IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>644232</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA AGRI FUND III</CategoryOrItemTxt>
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        <EOYFMVAmt>746888</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HACKBERRY CREEK</CategoryOrItemTxt>
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        <EOYFMVAmt>1927436</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MADISON, LLC</CategoryOrItemTxt>
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        <EOYFMVAmt>2000224</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA AGR FUND II ANNEX</CategoryOrItemTxt>
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        <EOYFMVAmt>551928</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PINNACLE V LP</CategoryOrItemTxt>
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        <EOYFMVAmt>444019</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARR CAPITAL 122 WEST</CategoryOrItemTxt>
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        <EOYFMVAmt>2557594</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MANOR RV PARK LLC</CategoryOrItemTxt>
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        <EOYFMVAmt>83497</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PAR CAPTIAL-GATEWAY LLC</CategoryOrItemTxt>
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        <EOYFMVAmt>1090018</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #6</CategoryOrItemTxt>
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        <EOYFMVAmt>25828</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANNA #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>6747</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRIS LOUISIANNA #4</CategoryOrItemTxt>
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        <EOYFMVAmt>11269</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MISCELLANEOUS</CategoryOrItemTxt>
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        <EOYFMVAmt>407633</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MACHINE INVESTMENT GROUP</CategoryOrItemTxt>
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        <EOYFMVAmt>2425627</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARR CAPITAL CENTREPOINT</CategoryOrItemTxt>
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        <EOYFMVAmt>2648798</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PINNACLE BATRISTA</CategoryOrItemTxt>
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        <EOYFMVAmt>378965</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SARVIS</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>323128</EOYFMVAmt>
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        <Desc>INTERVIEW EXPENSES</Desc>
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        <RevenueAndExpensesPerBooksAmt>1229</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>307</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>922</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SCHOLARS SOCIALS</Desc>
        <RevenueAndExpensesPerBooksAmt>24639</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6160</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>18480</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>594</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>149</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>446</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherIncomeDetail>
        <Desc>GRANT RETURN</Desc>
        <RevenueAndExpensesPerBooksAmt>7899</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OIL &amp; GAS ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>560064</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>560064</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>504</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>pass through from K-1's</Desc>
        <RevenueAndExpensesPerBooksAmt>-748236</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-748236</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherLiabilitiesDetail>
        <Desc>Deferred Excise Taxes</Desc>
        <BOYBookValueAmt>196205</BOYBookValueAmt>
        <EOYBookValueAmt>192715</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>EXCISE TAX PAYABLE</Desc>
        <BOYBookValueAmt>164464</BOYBookValueAmt>
        <EOYBookValueAmt>111621</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>OPERATING LEASE LIABILITY</Desc>
        <BOYBookValueAmt>152450</BOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>payroll processing fees</CategoryTxt>
        <Amt>3085</Amt>
        <NetInvestmentIncomeAmt>463</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2622</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>5529</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAX</CategoryTxt>
        <Amt>31914</Amt>
        <NetInvestmentIncomeAmt>4787</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>27127</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>