﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2017v2.3">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-11-14T10:12:54-06:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>420714325</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>RSM US LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1330 POST OAK BLVD SUITE 2400</AddressLine1Txt>
        <CityNm>HOUSTON</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77056</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>756047221</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ALVIN &amp; LUCY OWSLEY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ALVI</BusinessNameControlTxt>
      <PhoneNum>7136265626</PhoneNum>
      <USAddress>
        <AddressLine1Txt>3402 WICKERSHAM</AddressLine1Txt>
        <CityNm>HOUSTON</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77027</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>ALVIN OWSLEY JR</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>7136265626</PhoneNum>
      <SignatureDt>2018-11-13</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>THUY BUI</PreparerPersonNm>
      <PTIN>P00958113</PTIN>
      <PhoneNum>7136253500</PhoneNum>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>108.171.131.171</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2018-11-13</IPDt>
      <IPTm>13:40:40</IPTm>
      <IPTimezoneCd>CS</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>77B53B6F60AF63C04B8DB7B2EB938A6225A8CECA</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>3A9A8EC1ED3A4364DB94C3AD8D4B350E8506B245</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2017</TaxYr>
    <BuildTS>2019-02-21 02:37:17Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc1235000001">
      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>8895771</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>194265</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>194265</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc2213400001">-82769</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1867817</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">29143</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>29143</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>140639</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>223408</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">13223</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>6611</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>6612</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">56967</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>48687</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>8280</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>51</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>51</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">20349</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>349</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>90590</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>55698</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>14892</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>292850</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>292850</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>383440</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>55698</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>307742</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-242801</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>167710</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>115317</CashBOYAmt>
        <CashEOYAmt>174445</CashEOYAmt>
        <CashEOYFMVAmt>17445</CashEOYFMVAmt>
        <CorporateStockBOYAmt>4588565</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">4299346</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>8012689</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>928118</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">915497</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>862300</CorporateBondsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">3458</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">3337</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">3337</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>5635458</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>5392625</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>8895771</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>5635458</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>5392625</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>0</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>0</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>5635458</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>5392625</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>5635458</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>5392625</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>5635458</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-242801</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc2049700001">39</OtherIncreasesAmt>
        <SubtotalAmt>5392696</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">71</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>5392625</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <GrossSalesPriceAmt>868376</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>886819</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18443</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-18443</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <GrossSalesPriceAmt>991998</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1010062</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18064</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-18064</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>K-1 VANGUARD NATURAL RESOURCES LLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-3258</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3258</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>7443</GrossSalesPriceAmt>
          <GainOrLossAmt>7443</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7443</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-32322</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>410504</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>7823227</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.052472</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>1182688</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>9241912</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.127970</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>507796</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>9986291</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.050849</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>470986</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>8930799</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.052737</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>441497</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>8240435</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.053577</DistributionYr5Rt>
        <TotalDistributionRt>0.337605</TotalDistributionRt>
        <AverageDistributionRt>0.067521</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>8667713</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>585253</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1677</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>586930</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>307742</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>3354</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>3354</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>3354</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15644</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>15644</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>12290</OverpaymentAmt>
        <AppliedToESTaxAmt>12290</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>STEVEN A OWSLEY TRUSTEE</IndividualWithBooksNm>
        <PhoneNum>7132089884</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>3402 WICKERSHAM</AddressLine1Txt>
          <CityNm>HOUSTON</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77027</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SOPHIA GARRETT</PersonNm>
          <USAddress>
            <AddressLine1Txt>9146 LANIGAN STREET</AddressLine1Txt>
            <CityNm>CHARLOTTE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28277</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID T OWSLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>116 E 68TH ST 10C</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>70065</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEVEN A OWSLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>3402 WICKERSHAM</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77027</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <AllOtherProgramRltdInvstTotAmt referenceDocumentId="RetDoc2063500001">0</AllOtherProgramRltdInvstTotAmt>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>8533577</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>266132</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8799709</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8799709</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>131996</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8667713</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>433386</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>433386</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3354</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3354</TotalTaxAmt>
        <DistributableBeforeAdjAmt>430032</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>430032</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>430032</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>307742</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>307742</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>307742</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>430032</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>43998</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>29696</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>32794</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>737134</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>34765</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>878387</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>307742</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>307742</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>122290</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>122290</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>756097</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>756097</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>721332</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>34765</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>STEVEN A OWSLEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3402 WICKERSHAM</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77027</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7132089884</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER - NO MORE THAN TWO PAGES AND NO ENCLOSURES</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>TEXAS ONLY</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHRIST CHURCH CATHEDRAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1117 TEXAS AVE</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77002</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>14000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONTEMPORARY ARTS MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5216 MONTROSE BLVD</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77006</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>18000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CRIME STOPPERS OF HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 541654</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>772541654</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DALLAS MUSEUM OF ART</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1717 NORTH HARWOOD</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>132000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FLORESCENCE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5601 MAIN STREET</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77005</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRESH ARTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1502 SAWYER ST 103</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GIRLS INC OF GREATER HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1111 N LOOP W SUITE 180</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77008</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOUSTON BALLET</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>601 PRESTON STREET</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77002</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>I AM WATERS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3262 WESTHEIMER RD BOX 229</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77098</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MEMORIAL PARK CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7575 N PICNIC LN</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MEN OF DISTINCTION OF GREATER HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 130620</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77219</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MENIL COLLECTION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1533 SUL ROSS ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77006</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>METHODIST HOSPITAL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 4384</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77210</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUSEUM OF FINE ARTS HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1001 BISSONNET ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77005</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ORANGE SHOW</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2402 MUNGER ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77023</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>4500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RIVER OAKS CHAMBER ORCHESTRA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1973 W GRAY SUITE 3</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST JOHN'S SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2401 CLAREMONT LN</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STAGES REPERTORY THEATRE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3201 ALLEN PKWY SUITE 101</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE BEACON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1117 TEXAS AVE</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77002</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TREES FOR HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>104 N GREENWOOD ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77011</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNITED WAY OF GREATER HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 WAUGH DRIVE</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF TEXAS AT AUSTIN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 7458</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>787137458</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WORKSHOP HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3615 SAUER ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND TO ENABLE THEM TO FULFILL THEIR CHARITABLE PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>292850</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>194265</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <BusinessCd>211110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>28983</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>160</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>211110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-50447</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-32322</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-21464</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>162103</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>140639</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION</CategoryTxt>
        <Amt>13223</Amt>
        <NetInvestmentIncomeAmt>6611</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6612</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="RetDoc2063500001">
      <AllOtherProgramRelatedInvstGrp>
        <Desc>NONE</Desc>
        <Amt>0</Amt>
      </AllOtherProgramRelatedInvstGrp>
    </AllOthProgRltdInvestmentsSch>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2213400001">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>ENTERPRISE PRODUCTS- SEC 1231</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>-106</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PLAINS ALL AMERICAN- SEC 1231</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>-238</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>VANGUARD NATURAL RESOURCES - SEC 1231</AssetDesc>
        <HowAcquiredTxt>PURCHASED</HowAcquiredTxt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>-50103</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>BLACKROCK DIVERS INCM STRATEGIES FUND</BondNm>
        <EOYBookValueAmt>232599</EOYBookValueAmt>
        <EOYFMVAmt>137900</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VOYA PRIME RATE</BondNm>
        <EOYBookValueAmt>174375</EOYBookValueAmt>
        <EOYFMVAmt>152100</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EATON VANCE TAX MANAGED</BondNm>
        <EOYBookValueAmt>133523</EOYBookValueAmt>
        <EOYFMVAmt>243800</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STELLUS CAP INVT</BondNm>
        <EOYBookValueAmt>375000</EOYBookValueAmt>
        <EOYFMVAmt>328500</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T INC</StockNm>
        <EOYBookValueAmt>37429</EOYBookValueAmt>
        <EOYFMVAmt>37402</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ABBVIE INC COM</StockNm>
        <EOYBookValueAmt>24442</EOYBookValueAmt>
        <EOYFMVAmt>38104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ADOBE SYSTEMS</StockNm>
        <EOYBookValueAmt>35990</EOYBookValueAmt>
        <EOYFMVAmt>65364</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ADVANCED MICRO DEVICES</StockNm>
        <EOYBookValueAmt>34216</EOYBookValueAmt>
        <EOYFMVAmt>25248</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CL A</StockNm>
        <EOYBookValueAmt>80710</EOYBookValueAmt>
        <EOYFMVAmt>125355</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON COM INC</StockNm>
        <EOYBookValueAmt>46592</EOYBookValueAmt>
        <EOYFMVAmt>97066</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN TOWER REIT COM</StockNm>
        <EOYBookValueAmt>36360</EOYBookValueAmt>
        <EOYFMVAmt>47652</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMGEN INC</StockNm>
        <EOYBookValueAmt>17744</EOYBookValueAmt>
        <EOYFMVAmt>31128</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANADARKO PETE</StockNm>
        <EOYBookValueAmt>21816</EOYBookValueAmt>
        <EOYFMVAmt>24084</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLE INC</StockNm>
        <EOYBookValueAmt>77233</EOYBookValueAmt>
        <EOYFMVAmt>177184</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLIED MATERIALS INC</StockNm>
        <EOYBookValueAmt>33346</EOYBookValueAmt>
        <EOYFMVAmt>58174</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AUTOMATIC DATA PROCESSING INC</StockNm>
        <EOYBookValueAmt>35405</EOYBookValueAmt>
        <EOYFMVAmt>41602</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BB &amp; T CORP</StockNm>
        <EOYBookValueAmt>18374</EOYBookValueAmt>
        <EOYFMVAmt>23866</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CORP</StockNm>
        <EOYBookValueAmt>38720</EOYBookValueAmt>
        <EOYFMVAmt>63202</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BECTON DICKINSON &amp; CO</StockNm>
        <EOYBookValueAmt>32055</EOYBookValueAmt>
        <EOYFMVAmt>41742</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY CL-B NEW</StockNm>
        <EOYBookValueAmt>39706</EOYBookValueAmt>
        <EOYFMVAmt>74134</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BIOGEN INC COM</StockNm>
        <EOYBookValueAmt>35707</EOYBookValueAmt>
        <EOYFMVAmt>36317</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK INC</StockNm>
        <EOYBookValueAmt>31149</EOYBookValueAmt>
        <EOYFMVAmt>55481</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOEING CO</StockNm>
        <EOYBookValueAmt>12954</EOYBookValueAmt>
        <EOYFMVAmt>28901</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CVS HEALTH CORP COM</StockNm>
        <EOYBookValueAmt>30403</EOYBookValueAmt>
        <EOYFMVAmt>27260</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CARNIVAL CP NEW PAIRED COM</StockNm>
        <EOYBookValueAmt>24005</EOYBookValueAmt>
        <EOYFMVAmt>28539</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR INC</StockNm>
        <EOYBookValueAmt>21066</EOYBookValueAmt>
        <EOYFMVAmt>39395</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CELGENE CORP</StockNm>
        <EOYBookValueAmt>35474</EOYBookValueAmt>
        <EOYFMVAmt>32873</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CENTENE CORPORATION</StockNm>
        <EOYBookValueAmt>30639</EOYBookValueAmt>
        <EOYFMVAmt>32181</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHEVRON CORP</StockNm>
        <EOYBookValueAmt>102063</EOYBookValueAmt>
        <EOYFMVAmt>124814</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CISCO SYS INC</StockNm>
        <EOYBookValueAmt>25706</EOYBookValueAmt>
        <EOYFMVAmt>39794</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CINTAS CORP</StockNm>
        <EOYBookValueAmt>30481</EOYBookValueAmt>
        <EOYFMVAmt>34594</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC NEW</StockNm>
        <EOYBookValueAmt>81972</EOYBookValueAmt>
        <EOYFMVAmt>93385</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COCA COLA CO</StockNm>
        <EOYBookValueAmt>28134</EOYBookValueAmt>
        <EOYFMVAmt>36888</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COLGATE PALMOLIVE CO</StockNm>
        <EOYBookValueAmt>34864</EOYBookValueAmt>
        <EOYFMVAmt>35914</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST CORP (NEW) CLASS A</StockNm>
        <EOYBookValueAmt>18398</EOYBookValueAmt>
        <EOYFMVAmt>38048</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>D R HORTON INC</StockNm>
        <EOYBookValueAmt>23723</EOYBookValueAmt>
        <EOYFMVAmt>38966</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DANAHER CORPORATION</StockNm>
        <EOYBookValueAmt>27293</EOYBookValueAmt>
        <EOYFMVAmt>34343</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEERE &amp; CO</StockNm>
        <EOYBookValueAmt>23368</EOYBookValueAmt>
        <EOYFMVAmt>34589</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY CO HLDG CO</StockNm>
        <EOYBookValueAmt>28208</EOYBookValueAmt>
        <EOYFMVAmt>35908</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOWDUPONT INC</StockNm>
        <EOYBookValueAmt>34935</EOYBookValueAmt>
        <EOYFMVAmt>50353</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EOG RESOURCES INC</StockNm>
        <EOYBookValueAmt>59340</EOYBookValueAmt>
        <EOYFMVAmt>76077</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ECOLAB INC</StockNm>
        <EOYBookValueAmt>22626</EOYBookValueAmt>
        <EOYFMVAmt>24823</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EMERSON ELECTRIC CO</StockNm>
        <EOYBookValueAmt>28945</EOYBookValueAmt>
        <EOYFMVAmt>32754</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FACEBOOK INC CL-A</StockNm>
        <EOYBookValueAmt>51808</EOYBookValueAmt>
        <EOYFMVAmt>90171</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FEDEX CORP</StockNm>
        <EOYBookValueAmt>28251</EOYBookValueAmt>
        <EOYFMVAmt>36433</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORD MOTOR CO NEW</StockNm>
        <EOYBookValueAmt>44122</EOYBookValueAmt>
        <EOYFMVAmt>44439</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRANKLIN RESOURCES INC</StockNm>
        <EOYBookValueAmt>28139</EOYBookValueAmt>
        <EOYFMVAmt>29248</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL ELECTRIC CO</StockNm>
        <EOYBookValueAmt>44264</EOYBookValueAmt>
        <EOYFMVAmt>31724</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MTRS CO</StockNm>
        <EOYBookValueAmt>36495</EOYBookValueAmt>
        <EOYFMVAmt>44105</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>34029</EOYBookValueAmt>
        <EOYFMVAmt>79224</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HONEYWELL INTERNATIONAL INC</StockNm>
        <EOYBookValueAmt>37253</EOYBookValueAmt>
        <EOYFMVAmt>57510</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP</StockNm>
        <EOYBookValueAmt>74226</EOYBookValueAmt>
        <EOYFMVAmt>104322</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL PAPER CO</StockNm>
        <EOYBookValueAmt>28778</EOYBookValueAmt>
        <EOYFMVAmt>39631</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>77954</EOYBookValueAmt>
        <EOYFMVAmt>124585</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>53175</EOYBookValueAmt>
        <EOYFMVAmt>82714</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KANSAS CY SOUTHN IND NEW</StockNm>
        <EOYBookValueAmt>29846</EOYBookValueAmt>
        <EOYFMVAmt>30303</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELI LILLY &amp; CO</StockNm>
        <EOYBookValueAmt>24145</EOYBookValueAmt>
        <EOYFMVAmt>25507</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LINCOLN NTL CORP IND</StockNm>
        <EOYBookValueAmt>35056</EOYBookValueAmt>
        <EOYFMVAmt>40126</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP</StockNm>
        <EOYBookValueAmt>17383</EOYBookValueAmt>
        <EOYFMVAmt>24079</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MARATHON PETROLEUM CORP</StockNm>
        <EOYBookValueAmt>23362</EOYBookValueAmt>
        <EOYFMVAmt>30087</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MASCO CORP</StockNm>
        <EOYBookValueAmt>29696</EOYBookValueAmt>
        <EOYFMVAmt>33834</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MC CORMICK AND CO NON VOTING</StockNm>
        <EOYBookValueAmt>28739</EOYBookValueAmt>
        <EOYFMVAmt>29656</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MC DONALDS CORP</StockNm>
        <EOYBookValueAmt>30948</EOYBookValueAmt>
        <EOYFMVAmt>48194</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; CO INC NEW COM</StockNm>
        <EOYBookValueAmt>38401</EOYBookValueAmt>
        <EOYFMVAmt>46592</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>72716</EOYBookValueAmt>
        <EOYFMVAmt>144049</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MONDELEZ INTL INC COM</StockNm>
        <EOYBookValueAmt>30488</EOYBookValueAmt>
        <EOYFMVAmt>30474</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOODYS CORP</StockNm>
        <EOYBookValueAmt>25685</EOYBookValueAmt>
        <EOYFMVAmt>35426</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY</StockNm>
        <EOYBookValueAmt>73947</EOYBookValueAmt>
        <EOYFMVAmt>98329</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORP</StockNm>
        <EOYBookValueAmt>35150</EOYBookValueAmt>
        <EOYFMVAmt>40283</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PVH CORPORATION</StockNm>
        <EOYBookValueAmt>43629</EOYBookValueAmt>
        <EOYFMVAmt>47749</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PEPSICO INC NC</StockNm>
        <EOYBookValueAmt>51801</EOYBookValueAmt>
        <EOYFMVAmt>76269</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>43395</EOYBookValueAmt>
        <EOYFMVAmt>46543</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROCTER &amp; GAMBLE</StockNm>
        <EOYBookValueAmt>61938</EOYBookValueAmt>
        <EOYFMVAmt>73504</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REGENERON PHARM</StockNm>
        <EOYBookValueAmt>29303</EOYBookValueAmt>
        <EOYFMVAmt>24061</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROSS STORES INC</StockNm>
        <EOYBookValueAmt>26288</EOYBookValueAmt>
        <EOYFMVAmt>32662</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>S&amp;P GLOBAL INC COM</StockNm>
        <EOYBookValueAmt>26432</EOYBookValueAmt>
        <EOYFMVAmt>36929</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER LTD</StockNm>
        <EOYBookValueAmt>46944</EOYBookValueAmt>
        <EOYFMVAmt>40704</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHERWIN WILLIAMS COMPANY OHIO</StockNm>
        <EOYBookValueAmt>23463</EOYBookValueAmt>
        <EOYFMVAmt>31983</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHWEST AIRLINES</StockNm>
        <EOYBookValueAmt>14881</EOYBookValueAmt>
        <EOYFMVAmt>55698</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STRYKER CORP</StockNm>
        <EOYBookValueAmt>23321</EOYBookValueAmt>
        <EOYFMVAmt>29265</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SUNTRUST BKS</StockNm>
        <EOYBookValueAmt>18477</EOYBookValueAmt>
        <EOYFMVAmt>27322</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYMANTEC CORP</StockNm>
        <EOYBookValueAmt>23487</EOYBookValueAmt>
        <EOYFMVAmt>24188</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TEXAS INSTRUMENTS</StockNm>
        <EOYBookValueAmt>36610</EOYBookValueAmt>
        <EOYFMVAmt>61620</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THERMO FISHER SCIENTIFIC</StockNm>
        <EOYBookValueAmt>14059</EOYBookValueAmt>
        <EOYFMVAmt>25444</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3M COMPANY</StockNm>
        <EOYBookValueAmt>48457</EOYBookValueAmt>
        <EOYFMVAmt>46024</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>U S BANCORP COM NEW</StockNm>
        <EOYBookValueAmt>20023</EOYBookValueAmt>
        <EOYFMVAmt>39435</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITED CONTINENTAL HLDGS INC</StockNm>
        <EOYBookValueAmt>20384</EOYBookValueAmt>
        <EOYFMVAmt>18265</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITED TECHNOLOGIES CORP</StockNm>
        <EOYBookValueAmt>30373</EOYBookValueAmt>
        <EOYFMVAmt>44394</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GP INC</StockNm>
        <EOYBookValueAmt>51393</EOYBookValueAmt>
        <EOYFMVAmt>87743</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC CL A</StockNm>
        <EOYBookValueAmt>44906</EOYBookValueAmt>
        <EOYFMVAmt>76393</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART INC</StockNm>
        <EOYBookValueAmt>38321</EOYBookValueAmt>
        <EOYFMVAmt>54806</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WESTLAKE CHEMICAL CORP</StockNm>
        <EOYBookValueAmt>24155</EOYBookValueAmt>
        <EOYFMVAmt>40268</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WYNDHAM WORLDWIDE CORP</StockNm>
        <EOYBookValueAmt>25095</EOYBookValueAmt>
        <EOYFMVAmt>34182</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLERGAN PLC SHS</StockNm>
        <EOYBookValueAmt>29905</EOYBookValueAmt>
        <EOYFMVAmt>26336</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHUBB LTD</StockNm>
        <EOYBookValueAmt>37619</EOYBookValueAmt>
        <EOYFMVAmt>48954</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN CAPITAL</StockNm>
        <EOYBookValueAmt>282359</EOYBookValueAmt>
        <EOYFMVAmt>201900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BALL CORPORATION</StockNm>
        <EOYBookValueAmt>2430</EOYBookValueAmt>
        <EOYFMVAmt>1362600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHEVRON CORP</StockNm>
        <EOYBookValueAmt>102119</EOYBookValueAmt>
        <EOYFMVAmt>300456</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COCA-COLA COMPANY</StockNm>
        <EOYBookValueAmt>24371</EOYBookValueAmt>
        <EOYFMVAmt>183520</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DYNAGAS LNG PTNRS LP</StockNm>
        <EOYBookValueAmt>154007</EOYBookValueAmt>
        <EOYFMVAmt>108600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP</StockNm>
        <EOYBookValueAmt>34908</EOYBookValueAmt>
        <EOYFMVAmt>230800</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NRG ENERGY INC (FORMERLY GENON ENGY)</StockNm>
        <EOYBookValueAmt>30350</EOYBookValueAmt>
        <EOYFMVAmt>51948</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RCS MEDIAGROUP</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>1491</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>90638</EOYBookValueAmt>
        <EOYFMVAmt>193724</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIAT CHRYSLER AUTOMOBILES</StockNm>
        <EOYBookValueAmt>76657</EOYBookValueAmt>
        <EOYFMVAmt>142720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WILLIAMS COS INC</StockNm>
        <EOYBookValueAmt>150869</EOYBookValueAmt>
        <EOYFMVAmt>182940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EPD; HCLP;PAA; VNFNZ</StockNm>
        <EOYBookValueAmt>60332</EOYBookValueAmt>
        <EOYFMVAmt>496700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>1099 TIMING DIFFERENCE</Desc>
        <BOYBookValueAmt>3458</BOYBookValueAmt>
        <EOYBookValueAmt>3337</EOYBookValueAmt>
        <EOYFMVAmt>3337</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSES FROM K-1</Desc>
        <Amt>71</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>ENTERPRISE PRODUCTS PARTNERS - ORD INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>-431</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-431</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-431</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PLAINS ALL AMERICAN PIPELINE-ORD INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>3219</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3219</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3219</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>VANGUARD NATURAL RESOURCES - ORD INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>27164</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>27164</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>27164</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>VANGUARD NATURAL RESOURCES - NET ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>160</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>160</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>160</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>HI-CRUSH PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-969</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-969</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-969</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>DEPLETION IN EXCESS OF BASIS</Desc>
        <Amt>39</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MORGAN STANLEY FEES</CategoryTxt>
        <Amt>40407</Amt>
        <NetInvestmentIncomeAmt>40407</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>16560</Amt>
        <NetInvestmentIncomeAmt>8280</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8280</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>349</Amt>
        <NetInvestmentIncomeAmt>349</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>20000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>