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            <CityNm>GRANBURY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
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          <TitleTxt>MANAGING DIR</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>VICKI VERNON</PersonNm>
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          <PersonNm>CHAD SLONE</PersonNm>
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            <ZIPCd>76244</ZIPCd>
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          <PersonNm>VIRGINIA WELLS</PersonNm>
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            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78727</ZIPCd>
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        <Description1Txt>THE FOUNDATION EXISTS TO PRESERVE, CONSERVE, AND MAINTAIN CERTAIN UNDEVELOPED LAND NEAR GLADEWATER, TX IN ITS NATURAL CONDITION. THE LAND IS AVAILABLE TO THE PUBLIC FOR HIKING AND VIEWING YEAR ROUND AND IS USED BY VARIOUS GROUPS (BOY SCOUTS, TEXAS FOREST SERVICE, VARIOUS UNIVERSITY FORESTRY DEPARTMENTS, ETC.) FOR CAMPING AND BOTANICAL ENVIRONMENTAL STUDIES.</Description1Txt>
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          <RestrictionsOnAwardsTxt>NONE STATED. AMOUNT AND FREQUENCY OF SCHOLARSHIPS AWARDED IS SUBJECT TO TRUSTEE RECOMMENDATION AND APPROVAL.</RestrictionsOnAwardsTxt>
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            <StateAbbreviationCd>TX</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ABIGAIL DUNCAN</RecipientPersonNm>
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            <AddressLine1Txt>4118 CHEROKEE CT</AddressLine1Txt>
            <CityNm>GRANBURY</CityNm>
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            <ZIPCd>76048</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
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        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>52434</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>52434</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>2350</Amt>
        <NetInvestmentIncomeAmt>2115</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2115</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>235</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <DepreciationPropertyGrp>
        <PropertyDesc>CEDAR FENCE</PropertyDesc>
        <AcquiredDt>2009-06-05</AcquiredDt>
        <CostOrOtherBasisAmt>8287</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7399</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.0000</LifeRt>
        <CurrentYearExpenseAmt>81</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2017 MAH 2540 TRACTOR</PropertyDesc>
        <AcquiredDt>2017-08-09</AcquiredDt>
        <CostOrOtherBasisAmt>17795</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15353</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>698</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2017 MAH CUTTER</PropertyDesc>
        <AcquiredDt>2017-08-09</AcquiredDt>
        <CostOrOtherBasisAmt>2500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2157</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>98</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2017 MAH D GRAPPLE</PropertyDesc>
        <AcquiredDt>2017-08-09</AcquiredDt>
        <CostOrOtherBasisAmt>2500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2157</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>98</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SCAG LAWN MOWER</PropertyDesc>
        <AcquiredDt>2017-09-27</AcquiredDt>
        <CostOrOtherBasisAmt>11660</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9956</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>487</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>JOHN DEERE 3032E TRACTOR</PropertyDesc>
        <AcquiredDt>2018-05-26</AcquiredDt>
        <CostOrOtherBasisAmt>15159</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12408</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>786</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>JOHN DEERE D160 LOADER</PropertyDesc>
        <AcquiredDt>2018-05-26</AcquiredDt>
        <CostOrOtherBasisAmt>3300</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2701</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>171</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PARK BENCH</PropertyDesc>
        <AcquiredDt>2019-03-31</AcquiredDt>
        <CostOrOtherBasisAmt>4224</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3203</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>292</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FENCE -EAST PROPERTY LINE</PropertyDesc>
        <AcquiredDt>2019-06-13</AcquiredDt>
        <CostOrOtherBasisAmt>7500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2620</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.0000</LifeRt>
        <CurrentYearExpenseAmt>488</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>DUMP TRAILER</PropertyDesc>
        <AcquiredDt>2018-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>4482</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3649</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>238</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>19 JOHN DEER X350 TRACTOR</PropertyDesc>
        <AcquiredDt>2019-09-27</AcquiredDt>
        <CostOrOtherBasisAmt>3364</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2524</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>673</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>STEEL GATE ENTRANCE</PropertyDesc>
        <AcquiredDt>2024-01-30</AcquiredDt>
        <CostOrOtherBasisAmt>11729</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>698</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OIL &amp; GAS ROYALTY INTERESTS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <EOYFMVAmt>154001</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>19814</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8054</AccumulatedDepreciationAmt>
        <BookValueAmt>11760</BookValueAmt>
        <EOYFMVAmt>11760</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>117318</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>109138</AccumulatedDepreciationAmt>
        <BookValueAmt>8180</BookValueAmt>
        <EOYFMVAmt>8180</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>43618</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>33183</AccumulatedDepreciationAmt>
        <BookValueAmt>10435</BookValueAmt>
        <EOYFMVAmt>10435</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>437987</CostOrOtherBasisAmt>
        <BookValueAmt>437987</BookValueAmt>
        <EOYFMVAmt>1595000</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Miscellaneous</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>16409</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>16409</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSES</Desc>
        <Amt>249</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>AUTO &amp; TRUCK EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>7283</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>7283</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>137</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>123</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>123</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>14</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACT LABOR</Desc>
        <RevenueAndExpensesPerBooksAmt>75127</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>75127</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>132</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>20</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>20</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>112</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>HAY - TYLER 160</Desc>
        <RevenueAndExpensesPerBooksAmt>3600</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3600</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>3821</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>573</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>573</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3248</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MARKETING EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>876</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>876</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEALS</Desc>
        <RevenueAndExpensesPerBooksAmt>249</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>125</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>125</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>124</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>468</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>421</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>421</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>47</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>333</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>300</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>300</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>33</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIR &amp; MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>8021</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>8021</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STORAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>5175</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>776</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>776</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4399</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>10631</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>10631</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>51334</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>51334</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>51334</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX - CURRENTY YEAR</CategoryTxt>
        <Amt>1200</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX - PRIOR YEAR</CategoryTxt>
        <Amt>397</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>TAXES-PROPERTY</CategoryTxt>
        <Amt>4077</Amt>
        <NetInvestmentIncomeAmt>4077</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4077</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>TAXES-SEVERANCE/PRODUCTION</CategoryTxt>
        <Amt>2124</Amt>
        <NetInvestmentIncomeAmt>2124</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2124</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>