﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2016v3.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-12-07T08:48:25-08:00</ReturnTs>
    <TaxPeriodEndDt>2017-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Dunagan Jack LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3724 Jefferson Street Suite 307</AddressLine1Txt>
        <CityNm>Austin</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78731</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>741966306</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Texas Pioneer Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>TEXA</BusinessNameControlTxt>
      <PhoneNum>5127572932</PhoneNum>
      <USAddress>
        <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
        <CityNm>Texarkana</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75503</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Fred Markham</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2017-12-07</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Gary Joseph Jack</PreparerPersonNm>
      <PTIN>P00184408</PTIN>
      <PhoneNum>5124208997</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2016</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1 990PFBinaryAttachments.2 990PFBinaryAttachments.3" softwareId="16000303" softwareVersionNum="2016v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>54145649</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>1410375</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1410375</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>2037788</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>15204980</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>2037788</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>3448163</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3448163</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>168750</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>16875</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>151875</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>107750</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>10775</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>96975</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>36338</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>3634</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>32704</PensionEmplBnftDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">32432</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>10166</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>22266</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">183536</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>183536</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">45017</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>6131</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>16386</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">940</DeprecAndDpltnRevAndExpnssAmt>
        <OccupancyRevAndExpnssAmt>2384</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>238</OccupancyNetInvstIncmAmt>
        <OccupancyDsbrsChrtblAmt>2146</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>19451</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>19451</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">231984</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>3868</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>228074</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>828582</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>235223</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>569877</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2027634</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2027634</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2856216</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>235223</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>2597511</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>591947</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3212940</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>229127</CashBOYAmt>
        <CashEOYAmt>225009</CashEOYAmt>
        <CashEOYFMVAmt>225009</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>2115230</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>2633306</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>2633306</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>3130565</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvestmentsGovtObligationsSche">3859948</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>3859948</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>2282797</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">2669968</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2669968</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>7184958</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">7177311</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>7177311</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>35574333</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">37576548</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>37576548</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>4982</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>3398</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>2524</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">1584</LandEOYAmt>
        <LandEOYFMVAmt>1584</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">2017</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">1975</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">1975</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>50521551</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>54145649</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>54145649</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>50521551</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>54145649</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>50521551</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>54145649</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>50521551</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>54145649</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>50521551</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>591947</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">3032151</OtherIncreasesAmt>
        <SubtotalAmt>54145649</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>54145649</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly Traded Securities</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-06-30</AcquiredDt>
          <SoldDt>2017-06-30</SoldDt>
          <GrossSalesPriceAmt>15204980</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13167192</CostOrOtherBasisAmt>
          <GainOrLossAmt>2037788</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2037788</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>2037788</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>2037788</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>2670646</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>51134244</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.05223</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>2616631</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>54344273</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04815</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>2472713</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>53022932</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04664</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>2432960</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>49700324</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04895</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>2400593</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>47766631</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.05026</DistributionYr5Rt>
        <TotalDistributionRt>0.246222</TotalDistributionRt>
        <AverageDistributionRt>0.049244</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>51975519</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>2559482</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>32129</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>2591611</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>2597511</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>32129</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>32129</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>32129</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>29062</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>29062</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>51</EsPenaltyAmt>
        <TaxDueAmt>3118</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>www.texaspioneerfoundation.org</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Fred Markham</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5127572932</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
          <CityNm>Texarkana</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75503</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Fred Markham</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>168750</CompensationAmt>
          <EmployeeBenefitProgramAmt>23064</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Cliff Bandy</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Dick Cummins</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Margaret Lindsey</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Sec/Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Mary Borm</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>Michelle Coburn</PersonNm>
          <USAddress>
            <AddressLine1Txt>574 Story Drive</AddressLine1Txt>
            <CityNm>Buda</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78610</ZIPCd>
          </USAddress>
          <TitleTxt>Prog Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>107750</CompensationAmt>
          <EmployeeBenefitsAmt>13273</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>JP Morgan</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>270 Park Avenue</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investment advisor</ServiceTypeTxt>
          <CompensationAmt>183536</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>Texas Education Foundation Network supports school foundations in Texas, provides networking opportunities, shares best practices, and provides training &amp; resources needed for foundations to be successful.</Description1Txt>
        <Expenses1Amt>237310</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>52494326</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>272698</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>52767024</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>52767024</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>791505</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>51975519</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>2598776</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>2598776</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>32129</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>32129</TotalTaxAmt>
        <DistributableBeforeAdjAmt>2566647</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>2566647</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>2566647</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>2597511</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>2597511</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>32129</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>2565382</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>2566647</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>2027627</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>2597511</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>2027627</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>569884</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>1996763</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>See attached listing Attachment B</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Educational</GrantOrContributionPurposeTxt>
          <Amt>2027634</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2027634</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>See attached listing Attachment C</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Educational</GrantOrContributionPurposeTxt>
          <Amt>1036240</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>1036240</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1410375</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2037788</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Returned grant awards</Desc>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3448163</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3448163</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting</CategoryTxt>
        <Amt>20332</Amt>
        <NetInvestmentIncomeAmt>10166</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10166</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>Auditing</CategoryTxt>
        <Amt>12100</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12100</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AmortizationSchedule documentId="AmortizationSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <AmortizationScheduleDetail>
        <AmortizedExpensesDesc>Oranizational Costs</AmortizedExpensesDesc>
        <AcquiredCompletedOrExpendedDt>2004-07-12</AcquiredCompletedOrExpendedDt>
        <AmortizedAmt>2500</AmortizedAmt>
        <DeductionForPriorYearsAmt>483</DeductionForPriorYearsAmt>
        <AmortizationPeriodRt>60.0000</AmortizationPeriodRt>
        <CurrentYearAmortizationAmt>42</CurrentYearAmortizationAmt>
        <TotalAmortizationAmt>525</TotalAmortizationAmt>
      </AmortizationScheduleDetail>
    </AmortizationSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple computer</PropertyDesc>
        <AcquiredDt>2014-01-27</AcquiredDt>
        <CostOrOtherBasisAmt>2109</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1020</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>422</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Furniture</PropertyDesc>
        <AcquiredDt>2014-01-27</AcquiredDt>
        <CostOrOtherBasisAmt>1006</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>348</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
        <CurrentYearExpenseAmt>144</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple computer</PropertyDesc>
        <AcquiredDt>2013-07-31</AcquiredDt>
        <CostOrOtherBasisAmt>1868</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1090</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>374</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsCorporateBondsGrp>
        <BondNm>Corporate bonds (Attachment A)</BondNm>
        <EOYBookValueAmt>7177311</EOYBookValueAmt>
        <EOYFMVAmt>7177311</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>Common stock (Attachment A)</StockNm>
        <EOYBookValueAmt>2669968</EOYBookValueAmt>
        <EOYFMVAmt>2669968</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="16000303" softwareVersionNum="2016v3.0">
      <StateLocalSecBookVlEOYAmt>3859948</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>3859948</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Mutual funds (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>11983203</BookValueAmt>
        <EOYFMVAmt>11983203</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Exchange traded funds (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>16442250</BookValueAmt>
        <EOYFMVAmt>16442250</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Govt asset backed/CMO (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3395049</BookValueAmt>
        <EOYFMVAmt>3395049</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Hedge and real estate funds (Attach A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5756046</BookValueAmt>
        <EOYFMVAmt>5756046</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1006</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>492</AccumulatedDepreciationAmt>
        <BookValueAmt>514</BookValueAmt>
        <EOYFMVAmt>514</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3976</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2906</AccumulatedDepreciationAmt>
        <BookValueAmt>1070</BookValueAmt>
        <EOYFMVAmt>1070</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherAssetsScheduleGrp>
        <Desc>Net Intangible Assets</Desc>
        <BOYBookValueAmt>2017</BOYBookValueAmt>
        <EOYBookValueAmt>1975</EOYBookValueAmt>
        <EOYFMVAmt>1975</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>Amortization</Desc>
        <RevenueAndExpensesPerBooksAmt>42</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank &amp; service charges</Desc>
        <RevenueAndExpensesPerBooksAmt>277</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>249</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Board meetings</Desc>
        <RevenueAndExpensesPerBooksAmt>14746</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1475</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>13271</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Conference expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>140761</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>140761</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Dues &amp; subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>5834</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>583</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5251</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>7941</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>794</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7147</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Internet</Desc>
        <RevenueAndExpensesPerBooksAmt>1200</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>120</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1080</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Miscellaneous</Desc>
        <RevenueAndExpensesPerBooksAmt>232</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>232</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>4390</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>439</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3951</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Payroll processing fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1568</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>157</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1411</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Postage &amp; delivery</Desc>
        <RevenueAndExpensesPerBooksAmt>318</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>286</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>2400</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>240</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2160</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Workshops</Desc>
        <RevenueAndExpensesPerBooksAmt>52275</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>52275</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment advisory fees</CategoryTxt>
        <Amt>183536</Amt>
        <NetInvestmentIncomeAmt>183536</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <TaxesDetail>
        <CategoryTxt>Federal excise taxes</CategoryTxt>
        <Amt>22500</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Payroll taxes</CategoryTxt>
        <Amt>18207</Amt>
        <NetInvestmentIncomeAmt>1821</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16386</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Taxes withheld from investments</CategoryTxt>
        <Amt>4310</Amt>
        <NetInvestmentIncomeAmt>4310</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>