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          <FormAndInfoAndMaterialsTxt>NO PRESCRIBED FORM.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>AUSTIN COMMUNITY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1212 RIO GRANDE ST</AddressLine1>
            <City>AUSTIN</City>
            <State>TX</State>
            <ZIPCode>78701</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2050</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>BRIGHAM YOUNG UNIVERITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>150 EAST BULLDOG BOULEVARD</AddressLine1>
            <City>PROVO</City>
            <State>UT</State>
            <ZIPCode>84602</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2725</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>BAYLOR UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>700 SOUTH UNIVERSITY PARKS DRIVE</AddressLine1>
            <City>WACO</City>
            <State>TX</State>
            <ZIPCode>76706</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>BLINN COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>902 COLLEGE AVE</AddressLine1>
            <City>BRENHAM</City>
            <State>TX</State>
            <ZIPCode>77833</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>BUTLER COMMUNITY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>901 S HAVERHILL RD</AddressLine1>
            <City>EL DORADO</City>
            <State>KS</State>
            <ZIPCode>67042</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>950</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>MCLENNAN COMMUNITY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1400 COLLEGE DRIVE</AddressLine1>
            <City>WACO</City>
            <State>TX</State>
            <ZIPCode>76708</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>820</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>MIDWESTERN STATE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3410 TAFT BLVD</AddressLine1>
            <City>WICHITA FALLS</City>
            <State>TX</State>
            <ZIPCode>76308</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2325</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>SAM HOUSTON STATE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 2120</AddressLine1>
            <City>HUNTSVILLE</City>
            <State>TX</State>
            <ZIPCode>77340</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7525</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTHWESTERN UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1001 E UNIVERSITY AVENUE</AddressLine1>
            <City>GEORGETOWN</City>
            <State>TX</State>
            <ZIPCode>78626</ZIPCode>
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          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>1300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>ST EDWARDS UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3001 S CONGRESS AVE</AddressLine1>
            <City>AUSTIN</City>
            <State>TX</State>
            <ZIPCode>78704</ZIPCode>
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          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TARLETON STATE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1333 W WASHINGTON</AddressLine1>
            <City>STEPHENVILLE</City>
            <State>TX</State>
            <ZIPCode>76402</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>9900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEMPLE COLLEGE</BusinessNameLine1>
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          <RecipientUSAddress>
            <AddressLine1>2600 SOUTH FIRST STREET</AddressLine1>
            <City>TEMPLE</City>
            <State>TX</State>
            <ZIPCode>76504</ZIPCode>
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          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>12925</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEXAS A&amp;M UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>401 GEORGE BUSH DRIVE</AddressLine1>
            <City>COLLEGE STATION</City>
            <State>TX</State>
            <ZIPCode>77840</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>81075</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEXAS STATE TECHNICAL COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3801 CAMPUS DRIVE</AddressLine1>
            <City>WACO</City>
            <State>TX</State>
            <ZIPCode>76705</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>13081</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEXAS STATE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>601 UNIVERSITY DR</AddressLine1>
            <City>SAN MARCOS</City>
            <State>TX</State>
            <ZIPCode>78666</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>84950</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEXAS TECH UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2500 BROADWAY</AddressLine1>
            <City>LUBBOCK</City>
            <State>TX</State>
            <ZIPCode>79409</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>5800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>THE UNIVERSITY OF MARY HARDIN-BAYLOR</BusinessNameLine1>
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          <RecipientUSAddress>
            <AddressLine1>900 COLLEGE ST</AddressLine1>
            <City>BELTON</City>
            <State>TX</State>
            <ZIPCode>76513</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>5100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>THE UNIVERSITY OF TEXAS AT AUSTIN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>302 WEST 24TH STREET</AddressLine1>
            <City>AUSTIN</City>
            <State>TX</State>
            <ZIPCode>78705</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT UNIVERSIT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>23300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TRINITY VALLEY COMMUNITY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>500 S PRAIRIEVILLE ST</AddressLine1>
            <City>ATHENS</City>
            <State>TX</State>
            <ZIPCode>75751</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>TAX EXEMPT COLLEGE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>1975</Amt>
        </GrantOrContributionPdDurYrGrp>
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        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
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        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
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        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>260157</RelatedOrExemptFunctionIncmAmt>
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        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>520936</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>260157</RelatedOrExemptFunctionIncmAmt>
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        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>SALE OF INVESTMENT SECURITIES</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
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    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>22000</Amt>
        <NetInvestmentIncomeAmt>11000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>11000</DisbursementsCharitablePrpsAmt>
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    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE FIXED INCOME SECURITIES</BondNm>
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        <EOYFMVAmt>5688285</EOYFMVAmt>
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    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>PUBLICALLY TRADED SECURITIES</StockNm>
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        <EOYFMVAmt>5656402</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOVERNMENT SECURITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>63955</BookValueAmt>
        <EOYFMVAmt>60530</EOYFMVAmt>
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    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>22144</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>22144</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INVESTMENT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>18053</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18053</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18053</AdjustedNetIncomeAmt>
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    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Description>OTHER</Description>
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      <TaxesDetail>
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        <DisbursementsCharitablePrpsAmt>1453</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>14550</Amt>
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        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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