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      </Advertising>
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      </OfficeExpenses>
      <InformationTechnology>
        <Total>0</Total>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>0</Total>
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      <Travel>
        <Total>225484</Total>
        <ProgramServices>225484</ProgramServices>
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      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>0</Total>
      </ConferencesMeetings>
      <Interest>
        <Total>0</Total>
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      <PaymentsToAffiliates>
        <Total>0</Total>
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      <DepreciationDepletion>
        <Total>0</Total>
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      <Insurance>
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        <ManagementAndGeneral>57970</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>Exec Educ hotel expenses</Description>
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        <ProgramServices>599468</ProgramServices>
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      <OtherExpenses>
        <Description>UT contract svcs: Exec Educ</Description>
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      <OtherExpenses>
        <Description>Exec Educ program expenses</Description>
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        <ProgramServices>1308186</ProgramServices>
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        <Total>163797</Total>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
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      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <SupportedOrgInformation>
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        <EndOfYearBalance>4427311</EndOfYearBalance>
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      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
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        <Description>Agency funds</Description>
        <Amount>477961</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>477961</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>10447985</TotRevenueEtcAuditedFinclStmt>
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      <RevenueNotRptdF990>24705</RevenueNotRptdF990>
      <RevenueSubtotal>10423280</RevenueSubtotal>
      <TotalRevenuePerForm990>10423280</TotalRevenuePerForm990>
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      <ExpensesSubtotal>8578641</ExpensesSubtotal>
      <TotalExpensesPerForm990>8578641</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Part V, Line 4: Intended uses of the endowment fund.</ReturnReference>
        <Explanation>Endowment funds:AIM Investment Center and Trading and Reading Rooms: $4,315,385Moore Scholarhip: $111,926</Explanation>
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    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="IRS990ScheduleF" softwareId="12000229" softwareVersion="2012v2.0">
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        <Region>North America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Executive education</SpecificServicesProvided>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>South America</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Executive education</SpecificServicesProvided>
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      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>East Asia &amp; the Pacific</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Executive education</SpecificServicesProvided>
        <TotalExpenditures>300976</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <AcctsActvsOutUSTable>
        <Region>Europe</Region>
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        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>Program services</TypeOfActivitiesConducted>
        <SpecificServicesProvided>Executive education</SpecificServicesProvided>
        <TotalExpenditures>326046</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalAmountSpent>817556</SubtotalAmountSpent>
      <TotalAmountSpent>817556</TotalAmountSpent>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
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    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="12000229" softwareVersion="2012v2.0">
      <RecordsMaintained>true</RecordsMaintained>
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          <City>Austin</City>
          <State>TX</State>
          <ZIPCode>78712</ZIPCode>
        </AddressUS>
        <EINOfRecipient>746000203</EINOfRecipient>
        <IRCSection>Gov't</IRCSection>
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        <PurposeOfGrant>Land, AIM Invest Ctr &amp; other</PurposeOfGrant>
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      <RecipientTable>
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          <BusinessNameLine1>Ex-Students Assoc of the Univ of Texas</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 7278</AddressLine1>
          <City>Austin</City>
          <State>TX</State>
          <ZIPCode>78713</ZIPCode>
        </AddressUS>
        <EINOfRecipient>741109640</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>816475</AmountOfCashGrant>
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        <PurposeOfGrant>Scholarships</PurposeOfGrant>
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      <TotalNbrOf501C3AndGovtGrants>2</TotalNbrOf501C3AndGovtGrants>
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      <Form990ScheduleIPartIV>
        <Identifier>Grantmaker's Description of How Grants are Used</Identifier>
        <Explanation>The Foundation maintains a close relationship with the Ex-Students' Association to ensure that all grants are awarded as instructed by the Foundation. The Foundation is a supporting organization of The University of Texas McCombs School of Business.</Explanation>
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      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
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      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>true</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
      <Form990ScheduleJPartII>
        <NamePerson>Susie Brown</NamePerson>
        <Title>Manag. Director</Title>
        <CompBasedOnRelatedOrgs>190879</CompBasedOnRelatedOrgs>
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        <NontaxableBenefitsRelatedOrgs>10488</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>213368</TotalCompensationRelatedOrgs>
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      <Form990ScheduleJPartII>
        <NamePerson>Sheridan Titman</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>1590</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>496741</CompBasedOnRelatedOrgs>
        <DeferredCompRelatedOrgs>21250</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>10488</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>1590</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>528479</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Robert Freund</NamePerson>
        <Title>Assistant Dean</Title>
        <BaseCompensationFilingOrg>373340</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>103923</CompBasedOnRelatedOrgs>
        <DeferredCompRelatedOrgs>9151</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>2815</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>373340</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>115889</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Michael Pappas</NamePerson>
        <Title>Lecturer</Title>
        <BaseCompensationFilingOrg>477420</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>3300</CompBasedOnRelatedOrgs>
        <TotalCompensationFilingOrg>477420</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>3300</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>John Daly</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>363674</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>327152</CompBasedOnRelatedOrgs>
        <DeferredCompRelatedOrgs>28270</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>5630</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>363674</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>361052</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Gaylen Paulson</NamePerson>
        <Title>Associate Dean</Title>
        <BaseCompensationFilingOrg>222613</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>239425</CompBasedOnRelatedOrgs>
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        <NontaxableBenefitsRelatedOrgs>10488</NontaxableBenefitsRelatedOrgs>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>The Trustees are required to sign an affirmation of compliance annually.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>The Managing Director reviews the return for accuracy and completeness before it is filed.</Explanation>
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          <City>Austin</City>
          <State>TX</State>
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      <PerformOfServicesByOtherOrgs>true</PerformOfServicesByOtherOrgs>
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      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>The University of Texas</BusinessNameLine1>
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      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
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        <Identifier>Assistance with Real Estate Acquisitions</Identifier>
        <Explanation>The Foundation's contributions to The University of Texas during the year ended August 31, 2013 included $1,153,076 towards the acquisition of real estate where new facilities will be built to house McCombs School graduate programs, and expand the teaching and meeting facilities of the AT&amp;T Executive Education and Conference Center.</Explanation>
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        <Identifier>Salary Supplement for the Dean</Identifier>
        <Explanation>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, 2013. 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.</Explanation>
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</Return>