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      <TotLiabNetAssetsFundBalanceGrp>
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      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
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        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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        <CurrentYearAmt>19500</CurrentYearAmt>
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        <CurrentYearMinus1Amt>90000</CurrentYearMinus1Amt>
        <CurrentYearAmt>97500</CurrentYearAmt>
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        <CurrentYearMinus2Amt>59640</CurrentYearMinus2Amt>
        <CurrentYearMinus1Amt>67205</CurrentYearMinus1Amt>
        <CurrentYearAmt>4875</CurrentYearAmt>
        <TotalAmt>188823</TotalAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE C, PART I-A, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>CONSULTANTS ENGAGED TO REPRESENT THE INTEREST OF THE FOUNDATION AND THE ARKANSAS TECH UNIVERSITY BEFORE THE ARKANSAS LEGISLATURE AND RELATED DEPARTMENTS OF STATE GOVERNMENT.</ExplanationTxt>
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        <InvestmentEarningsOrLossesAmt>44422</InvestmentEarningsOrLossesAmt>
        <AdministrativeExpensesAmt>435489</AdministrativeExpensesAmt>
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        <ContributionsAmt>1407072</ContributionsAmt>
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        <EndYearBalanceAmt>14859069</EndYearBalanceAmt>
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        <ContributionsAmt>1372105</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>11935</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>13362788</EndYearBalanceAmt>
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        <ContributionsAmt>1597201</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>11208</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>11978748</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
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        <ContributionsAmt>525165</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>121308</InvestmentEarningsOrLossesAmt>
        <EndYearBalanceAmt>10370519</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <PrmnntEndowmentBalanceEOYPct>1.00000</PrmnntEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
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        <Desc>LIMITED PARTNERSHIPS</Desc>
        <BookValueAmt>2080075</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <OtherSecuritiesGrp>
        <Desc>COMMERCIAL ANNUITIES</Desc>
        <BookValueAmt>367317</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
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      <OtherLiabilitiesOrgGrp>
        <Desc>UNIVERSITY FUNDS UNDER MANAGEMENT</Desc>
        <Amt>4309030</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>LIABILITY FOR ANNUITIES</Desc>
        <Amt>62264</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>4371294</TotalLiabilityAmt>
      <TotalRevEtcAuditedFinclStmtAmt>6326457</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>1661090</NetUnrealizedGainsInvstAmt>
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      <RevenueSubtotalAmt>4104065</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>4104065</TotalRevenuePerForm990Amt>
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      <DonatedServicesUseFcltsAmt>561302</DonatedServicesUseFcltsAmt>
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      <ExpensesSubtotalAmt>2541656</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>2541656</TotalExpensesPerForm990Amt>
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    <IRS990ScheduleI documentId="RetDoc5">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIP ASSISTANCE</GrantTypeTxt>
        <RecipientCnt>430</RecipientCnt>
        <CashGrantAmt>560762</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
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      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MICHAEL HUTCHISON</PersonNm>
        <TitleTxt>EXEC VICE PRESIDENT</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>158165</CompensationBasedOnRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>158165</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc7">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION PROVIDES EDUCATIONAL SUPPORT THROUGH THE GRANTING OF SCHOLARSHIP FUNDS TO BE DISTRIBUTED BY ARKANSAS TECH UNIVERSITY BASED ON ACADEMIC DEPARTMENT AND COMMITTEE SELECTIONS. THE FOUNDATION ALSO PROVIDES OTHER INSTITUTIONAL SUPPORT TO ARKANSAS TECH UNIVERSITY FOR THE OPERATION OF ITS EDUCATIONAL PROGRAMS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 1, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD OF DIRECTOR MEMBERS AND VARIOUS COMMITTEE MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>BEALL BARCLAY LLLP BEALL BARCLAY LLLP PARTNER PARTNER MEMBERS OF SAME PARTNERSHIP</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>RETURN IS REVIEWED BY AUDIT COMMITTEE MEMBERS PRIOR TO FILING. ALL BOARD MEMBERS ARE PROVIDED COPY WITHIN 30 DAYS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANNUALLY, ALL BOARD MEMBERS ARE PROVIDED COPY OF CONFLICT OF INTEREST STATEMENT AND SIGN STATEMENT AGREEING TO ABIDE BY THE POLICY AND THAT THERE HAVE BEEN NO CONFLICTS OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE POLICY OF THE FOUNDATION IS TO MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND WITH CHARGES PERMITTED BY LAW.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>PAYROLL COST REIMBURSEMEN 34,479 94,688 0 FOOD AND ENTERTAINMENT 107,884 0 0 PRINTING 96,087 0 0 OTHER FEES AND SERVICES 50,655 0 0 AWARDS 46,483 0 0 COMPUTERS AND COMPUTER EQ 38,113 0 0 DUES AND SEMINARS 33,436 0 0 ANNUITY BENEFITS 15,980 0 0 EDUCATIONAL EQUIPMENT 13,551 0 0 TAXES 6,784 0 0 BANK CHARGES 0 6,615 0 OFFICE SUPPLIES AND EXPEN 0 4,562 0 BOOKS AND EDUCATIONAL MAT 2,898 0 0 POSTAGE 2,245 0 0 EVENT TICKETS 325 0 0 FUNDRAISING 0 0 167 REPAIRS 147 0 0 ROUND 3 0 0 TOTAL 449,070 105,865 167</ExplanationTxt>
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  </ReturnData>
</Return>