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        <ExplanationTxt>THE DIRECTORS OF THE CENTER WILL CONSULT WITH DESIGNATED OFFICERS OF SAINT LOUIS UNIVERSITY ("SLU") REGARDING INVESTMENT POLICY, TIMING AND MANNER OF MAKING GRANTS AND SELECTION OF GRANT RECIPIENTS AND DIRECTING THE USE OF INCOME AND ASSETS OF THE CENTER. GRANTS FOR RESEARCH PROJECTS SELECTED FOR FUNDING BY THE CENTER SHALL BE DESIGNATED AND "EARMARKED" FOR SPECIFIC RESEARCH PROJECTS TO BE UNDERTAKEN BY SPECIFICALLY IDENTIFIED MEMBERS OF THE SLU ACADEMIC COMMUNITY AS SELECTED BY THE BOARD OF THE CENTER. SLU REPRESENTATIVES SHALL MONITOR THE GRANTEES' ACHIEVEMENTS AND WILL HAVE A VESTED INTEREST IN OUTCOMES REPORTED TO THE BOARD OF THE CENTER TO ENSURE THAT SUBSEQUENT FUNDING BY THE CENTER IS FORTHCOMING. REPORTS BY SLU TO THE CENTER'S BOARD ARE REQUIRED AT DESIGNATED PERIODS AS SET FORTH IN A MEMORANDUM OF UNDERSTANDING BETWEEN THE CENTER AND SLU.</ExplanationTxt>
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      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes</FormAndLineReferenceDesc>
        <ExplanationTxt>THE DISTRIBUTIONS TO MEMBERS OF THE SLU ACADEMIC COMMUNITY FOR RESEARCH ACTIVITIES FURTHER THE EXEMPT PURPOSE OF THE SUPPORTED ORGANIZATION, WHICH IS AN EDUCATIONAL INSTITUTION THAT CONDUCTS RESEARCH ACTIVITIES.</ExplanationTxt>
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      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CENTER EVALUATES AND FUNDS VARIOUS RESEARCH PROJECTS TO BE CONDUCTED BY MEMBERS OF THE ACADEMIC COMMUNITY OF THE SUPPORTED ORGANIZATION. ANY RESEARCH FUNDING FOR PROJECTS SELECTED BY SLU TO BE FUNDED IS DEEMED "X-RESEARCH PROJECTS SELECTED BY THE CENTER TO BE FUNDED IS DEEMED "Y-RESEARCH." X-RESEARCH AND Y-RESEARCH CONSTITUTE TWO (2) DIFFERENT SEPARATE TRANCHES AND OPERATIONS IN RESEARCH TOWARD THE PURSUIT OF KNOWLEDGE. THEY WILL PRODUCE TWO (2) DIFFERENT BODIES OF KNOWLEDGE WHICH WILL NOT BE IDENTICAL.</ExplanationTxt>
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          <BusinessNameLine1Txt>SAINT LOUIS UNIVERSITY (SLU)</BusinessNameLine1Txt>
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          <AddressLine1Txt>221 NORTH GRAND BLVD</AddressLine1Txt>
          <CityNm>ST LOUIS</CityNm>
          <StateAbbreviationCd>MO</StateAbbreviationCd>
          <ZIPCd>63103</ZIPCd>
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        <IRCSectionDesc>501(c)(3)</IRCSectionDesc>
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        <PurposeOfGrantTxt>ORGANIZATION'S GOVERNING BODY SPECIFICALLY IDENTIFIES RESEARCH PROJECTS TO BE UNDERTAKEN BY DESIGNATED MEMBERS OF THE SLU ACADEMIC COMMUNITY AND EXCLUSIVELY EARMARKS FUNDS FOR THOSE RESEARCH PROJECTS AS SELECTED BY IT FOR FUNDING. IN 2025, THE ORGANIZATION GRANTED $500,000 SPECIFICALLY FOR SLU CHESS CLUB.</PurposeOfGrantTxt>
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        <FormAndLineReferenceDesc>Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION WILL MAINTAIN THE FOLLOWING DOCUMENTS IN ITS CORPORATE RECORDS: I. A WRITTEN DESCRIPTION OF THE RESEARCH PROJECTS CONSIDERED BY THE CENTER WHICH WILL INCLUDE THE IDENTITY OF THE SAINT LOUIS UNIVERSITY RESEARCHER, THE INTENDED OUTCOMES/DELIVERABLES, AND THE RELATED COSTS; II. RESOLUTIONS OF THE CENTER'S BOARD IDENTIFYING WHICH RESEARCH PROJECTS IDENTIFIED IN PARAGRAPH (I) DIRECTLY ABOVE ARE AUTHORIZED BY IT TO BE FUNDED BY CENTER; AND III. WRITTEN NOTICE OF THE BOARD'S FUNDING DECISION DELIVERED TO REPRESENTATIVES OF SAINT LOUIS UNIVERSITY RESEARCH INSTITUTE AND SINQUEFIELD CENTER FOR APPLIED ECONOMICS RESEARCH. PERIODIC PROGRESS REPORTS MUST BE PROVIDED BY SAINT LOUIS UNIVERSITY TO THE CENTER, AS OUTLINED IN A MEMORANDUM OF UNDERSTANDING EXECUTED BETWEEN THE CENTER AND SAINT LOUIS UNIVERSITY TO DOCUMENT HOW THE RESEARCH FUNDED BY THE CENTER HAS IMPROVED THE ACADEMIC STANDING OF SLU IN VARIOUS ACADEMIC RANKING SYSTEMS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>NO DIRECTOR OR OFFICER OF THE ENTITY IS COMPENSATED BY THE ENTITY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 2 Family/business relationships amongst interested persons</FormAndLineReferenceDesc>
        <ExplanationTxt>REX SINQUEFIELD AND JEANNE SINQUEFIELD - Family relationship, ELLEN BARNIDGE AND MICHAEL PODGURSKY - Business relationship</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b Review of form 990 by governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 WAS REVIEWED BY THE ORGANIZATION'S FINANCIAL ADVISORS AND MANAGEMENT AT THE SUPPORTED ORGANIZATION PRIOR TO FILING WITH THE IRS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c Conflict of interest policy</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY ACKNOWLEDGE THAT THEY HAVE RECEIVED, UNDERSTAND, AND AGREE TO COMPLY WITH, THE CONFLICT OF INTEREST POLICY. EACH PERSON IS REQUIRED TO REPORT OR UPDATE ANY KNOWN CONFLICTS. THESE STATEMENTS WILL BE REVIEWED ANNUALLY BY THE GOVERNING BOARD. ANY PERSON WITH A POTENTIAL CONFLICT OF INTEREST WILL BE EXCUSED FROM ANY DELIBERATIONS AND DECISIONS OF THE GOVERNING BODY WITH RESPECT TO THE TRANSACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19 Required documents available to the public</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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