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        <TotalCompensationFilingOrgAmt>63380</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>404621</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Michael Pappas</PersonNm>
        <TitleTxt>Lecturer</TitleTxt>
        <BaseCompensationFilingOrgAmt>475815</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>4480</CompensationBasedOnRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>475815</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>4480</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Robert Freund</PersonNm>
        <TitleTxt>Assistant Dean</TitleTxt>
        <BaseCompensationFilingOrgAmt>424300</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>92302</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>8171</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>2927</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>424300</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>103400</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Sheridan Titman</PersonNm>
        <TitleTxt>Professor/Director</TitleTxt>
        <BaseCompensationFilingOrgAmt>1680</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>496061</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>21675</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>10906</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>1680</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>528642</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Susie Brown</PersonNm>
        <TitleTxt>Manag Director</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>199367</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>13350</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>10906</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>223623</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="13000170" softwareVersion="2013v4.0">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents</FormAndLineReferenceDesc>
        <ExplanationTxt>Amended bylaws were adopted on March 28, 2014. They are attached to this return.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b: Form 990 Review Process</FormAndLineReferenceDesc>
        <ExplanationTxt>The Managing Director reviews the return for accuracy and completeness before it is filed.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</FormAndLineReferenceDesc>
        <ExplanationTxt>The Trustees are required to sign an affirmation of compliance annually.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>Certain other documents available upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Other Changes In Net Assets Or Fund Balances - Other Increases</FormAndLineReferenceDesc>
        <ExplanationTxt>Change in cash value = $1926</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="13000170" softwareVersion="2013v4.0">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1>The University of Texas</BusinessNameLine1>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1>1 University Station</AddressLine1>
          <City>Austin</City>
          <State>TX</State>
          <ZIPCode>78712</ZIPCode>
        </USAddress>
        <EIN>746000203</EIN>
        <PrimaryActivitiesTxt>Education</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>Gov't</ExemptCodeSectionTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>true</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>true</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>true</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>true</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>The University of Texas</BusinessNameLine1>
        </OtherOrganizationName>
        <TransactionTypeTxt>b</TransactionTypeTxt>
        <InvolvedAmt>387083</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>Cash tranx</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>The University of Texas</BusinessNameLine1>
        </OtherOrganizationName>
        <TransactionTypeTxt>m</TransactionTypeTxt>
        <InvolvedAmt>1080044</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>Cash tranx</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1>The University of Texas</BusinessNameLine1>
        </OtherOrganizationName>
        <TransactionTypeTxt>p</TransactionTypeTxt>
        <InvolvedAmt>1080044</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>Crash tranx</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Salary Supplement for the Dean</FormAndLineReferenceDesc>
        <ExplanationTxt>The Foundation's agreement with The University of Texas for direct assistance in the operation of the Foundation totaled $157,500 for the year ended August 31, 2014. This amount, paid directly to The University of Texas, covers portions of various McCombs School of Business personnel salaries, including a $100,000 salary supplement for the Dean of the McCombs School of Business.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleR>
  </ReturnData>
</Return>