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            <ZIPCd>72201</ZIPCd>
          </USAddress>
          <TitleTxt>Board member</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Sheila Colclasure as of 623</PersonNm>
          <USAddress>
            <AddressLine1Txt>601 GAINES STREET</AddressLine1Txt>
            <CityNm>LITTLE ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72201</ZIPCd>
          </USAddress>
          <TitleTxt>Board member</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>James V Kelley as of 623</PersonNm>
          <USAddress>
            <AddressLine1Txt>601 GAINES STREET</AddressLine1Txt>
            <CityNm>LITTLE ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72201</ZIPCd>
          </USAddress>
          <TitleTxt>Board member</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>MARY CLAIRE DOWDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>601 GAINES ST</AddressLine1Txt>
            <CityNm>LITTLE ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72201</ZIPCd>
          </USAddress>
          <TitleTxt>GRANTS MANAGER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>33.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>53293</CompensationAmt>
          <EmployeeBenefitsAmt>8045</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>1</OtherEmployeePaidOver50kCnt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>78235482</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>494489</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>78729971</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>78729971</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1180950</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>77549021</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3877451</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3877451</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>46151</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>46151</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3831300</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>166459</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>3997759</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>3997759</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>6723111</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>6723111</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>3997759</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2021</PriorYear1Yr>
        <PriorYear2Yr>2020</PriorYear2Yr>
        <PriorYear3Yr>2019</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr2Amt>2648672</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1297864</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>3946536</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>6723111</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>3997759</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>2725352</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>6671888</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>6671888</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>2648672</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>1297864</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>2725352</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Rebecca Pittillo</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>601 Gaines St</AddressLine1Txt>
            <CityNm>Little Rock</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72211</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5013785628</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SEE ATTACHED STATEMENT</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEE ATTACHED STATEMENT</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE ATTACHED STATEMENT</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE GRANTS PAID ATTACHMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>601 GAINES STREET</AddressLine1Txt>
            <CityNm>LITTLE ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72201</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SEE GRANTS PAID ATTACHMENT</GrantOrContributionPurposeTxt>
          <Amt>6312162</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>6312162</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1788070</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1154116</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>K-1 INCOME</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>563576</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PRIOR YEAR GRANT REFUNDS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>176459</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3682221</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3682221</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>FORVIS AUDIT FEES</CategoryTxt>
        <Amt>25000</Amt>
        <DisbursementsCharitablePrpsAmt>25000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN EQUITY INC</StockNm>
        <EOYBookValueAmt>28283234</EOYBookValueAmt>
        <EOYFMVAmt>28283234</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BABSON CAPITAL FLOATING RATE</CategoryOrItemTxt>
        <BookValueAmt>8102936</BookValueAmt>
        <EOYFMVAmt>8102936</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MARTINGALE INVST TR SER 1</CategoryOrItemTxt>
        <BookValueAmt>19660006</BookValueAmt>
        <EOYFMVAmt>19660006</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO LOW DURATION FUND</CategoryOrItemTxt>
        <BookValueAmt>22182775</BookValueAmt>
        <EOYFMVAmt>22182775</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MISC EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>25828</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25828</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CORPORATE DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>3500</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>563576</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>586348</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PRIOR YEAR GRANT REFUNDS</Desc>
        <RevenueAndExpensesPerBooksAmt>176459</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS</Desc>
        <Amt>2905587</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>DEFERRED TAX LIABILITY</Desc>
        <BOYBookValueAmt>98689</BOYBookValueAmt>
        <EOYBookValueAmt>139077</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISOR EXPENSE</CategoryTxt>
        <Amt>91606</Amt>
        <NetInvestmentIncomeAmt>91606</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>67629</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>DEFERRED FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>40387</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>