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      <OtherLiabilities>
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        <Explanation>The University has a collection of decorative and fine art materials that is both extensive and diverse. Comprised of over 2,600 objects, many pieces are displayed throughout campus, while others are preserved. The objects have been generously donated to Furman and the objects connect the University to the wider world and are gateways to studying many different time periods, cultures, and disciplines. The collection's main purposes are to preserve the objects for future generations, educational opportunities, and exhibits.</Explanation>
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      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
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          <AddressLine1>540 BUNCOMBE ST</AddressLine1>
          <City>GREENVILLE</City>
          <State>SC</State>
          <ZIPCode>29601</ZIPCode>
        </AddressUS>
        <EINOfRecipient>570833796</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>376124</AmountOfCashGrant>
        <PurposeOfGrant>OPERATING SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>6</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>1</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Scholarships to attend Furman University</TypeOfGrant>
        <NumberOfRecipients>2320</NumberOfRecipients>
        <AmountOfCashGrant>46526065</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Tuition Benefit Grant Program(not attending Furman</TypeOfGrant>
        <NumberOfRecipients>57</NumberOfRecipients>
        <AmountOfCashGrant>116380</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Chemistry Master Program</TypeOfGrant>
        <NumberOfRecipients>9</NumberOfRecipients>
        <AmountOfCashGrant>63900</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Hollingsworth Intern &amp; Research Stipends</TypeOfGrant>
        <NumberOfRecipients>29</NumberOfRecipients>
        <AmountOfCashGrant>38750</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Herring Intern Stipend</TypeOfGrant>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>4300</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Furman Advantage Internship</TypeOfGrant>
        <NumberOfRecipients>332</NumberOfRecipients>
        <AmountOfCashGrant>392740</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Bridges to a Brighter Future Stipends</TypeOfGrant>
        <NumberOfRecipients>55</NumberOfRecipients>
        <AmountOfCashGrant>12880</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Other Student Research Stipends</TypeOfGrant>
        <NumberOfRecipients>162</NumberOfRecipients>
        <AmountOfCashGrant>376501</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Student Academic/Department Awards</TypeOfGrant>
        <NumberOfRecipients>27</NumberOfRecipients>
        <AmountOfCashGrant>30910</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Bridgeway Foundation Stipends</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfCashGrant>12350</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Townes Scholars</TypeOfGrant>
        <NumberOfRecipients>7</NumberOfRecipients>
        <AmountOfCashGrant>10500</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Asian Studies</TypeOfGrant>
        <NumberOfRecipients>4</NumberOfRecipients>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Monitoring the use of Grant Funds</Identifier>
        <ReturnReference>Schedule I, Part I, Line 2</ReturnReference>
        <Explanation>Furman provides scholarships and financial aid to individuals in the United States to attend the university. The scholarships and aid for such students are awarded based on need and merit and cover the costs of tuition, room and board. The scholarship and/or financial aid is awarded based on institutional policy and standards set forth by the US Department of Education and the State of South Carolina. The University's Financial Aid Department monitors the compliance with such regulations. The scholarship and/or financial aid is applied by the Financial Aid Department directly against the student's account with the University as a reduction in fees. As a result, the grant can only be used for its intended purpose (i.e. cost of attendance) and can not be diverted from this use. Other types of grants provided consist of research, internship or fellowship grants to students. Such grants are given and monitored by the academic department giving the grant or the Undergraduate Research and Internship Department.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>true</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Rodney Smolla</NamePerson>
        <Title>President</Title>
        <BaseCompensationFilingOrg>350114</BaseCompensationFilingOrg>
        <BonusFilingOrg>45000</BonusFilingOrg>
        <OtherCompensationFilingOrg>46181</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>61133</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>19345</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>521773</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Mary Lou Merkt</NamePerson>
        <Title>VP for Finance &amp; Administratio</Title>
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        <OtherCompensationFilingOrg>42152</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>26775</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>23852</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>255844</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>John Beckford</NamePerson>
        <Title>VP of Academic Affairs &amp; Dean</Title>
        <BaseCompensationFilingOrg>168677</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1051</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>21930</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>16942</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>208600</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Gary E Clark</NamePerson>
        <Title>VP of Intercollegiate Athletic</Title>
        <BaseCompensationFilingOrg>158640</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>1390</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>20400</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>14712</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>195142</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Michael Gatchell</NamePerson>
        <Title>Vice President of Development</Title>
        <BaseCompensationFilingOrg>153129</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>6168</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>20500</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>19341</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>199138</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Connie L Carson</NamePerson>
        <Title>Vice President of Student Life</Title>
        <BaseCompensationFilingOrg>149231</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>702</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>18743</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>7763</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>176439</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Mark Kelly</NamePerson>
        <Title>VP of Marketing &amp; PR</Title>
        <BaseCompensationFilingOrg>148841</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>461</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>19508</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>17317</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>186127</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Bruce Fowler</NamePerson>
        <Title>Head Football Coach</Title>
        <BaseCompensationFilingOrg>210026</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>30423</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>27413</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>19511</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>287373</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Kristopher N Kapoor</NamePerson>
        <Title>Chief Investment Officer</Title>
        <BaseCompensationFilingOrg>148137</BaseCompensationFilingOrg>
        <BonusFilingOrg>37728</BonusFilingOrg>
        <OtherCompensationFilingOrg>34755</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>14341</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>11662</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>246623</TotalCompensationFilingOrg>
        <CompReportPrior990FilingOrg>30534</CompReportPrior990FilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Kenneth C Abernethy</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>165010</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>22092</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>18026</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>14620</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>219748</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Lon B Knight</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>167648</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>23341</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>22521</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>19693</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>233203</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>William J Pierce</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>137438</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>23181</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>18257</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>8438</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>187314</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Jeffrey G Jackson</NamePerson>
        <Title>Men's Basketball Head Coach</Title>
        <BaseCompensationFilingOrg>181352</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>3386</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>21875</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>22511</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>229124</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>David E Shaner</NamePerson>
        <Title>Professor</Title>
        <BaseCompensationFilingOrg>137159</BaseCompensationFilingOrg>
        <OtherCompensationFilingOrg>23203</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>20160</DeferredCompFilingOrg>
        <NontaxableBenefitsFilingOrg>23677</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>204199</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Supplemental Nonqualified Retirement Plan</Identifier>
        <ReturnReference>Schedule J-Part I, Line 4b</ReturnReference>
        <Explanation>The University contributes to a Supplemental Executive Retirement Plan (SERP) for the benefit of Rodney Smolla, President of the University. The purpose of the plan is to offer Mr. Smolla deferred compensation benefits taxable under Section 457(f) of the Code. The amount the university contributes to the SERP is equal to two times the amount of Mr. Smolla's contribution to the 457(b) Deferred Compensation Plan for Furman University. The amount contributed by the University for calendar year 2012 was $33,000.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Residence for Personal Use</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>The President of the university and his family reside at White Oaks which is the offical residence of the President. The President is required to live at White Oaks as a condition of his employment. The residence is owned and maintained by the University. Cleaning, maintenance, and grounds keeping services are provided by the University for public areas of the residence only. The President hosts Unviersity events at White Oaks as well.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Social Club Dues</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>The University pays the social club membership dues to The Poinsett Club and Commerce Club in Greenville, South Carolina for the President of the University and the membership dues to the Poinsett Club for the Vice President of Development. The purpose of the social club memberships is to meet with donors and other supporters of the University.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>Educ Facilities Authority for Private Non-Profit</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>576000286</IssuerEIN>
        <CUSIPNumber>936896GBO</CUSIPNumber>
        <DateIssued>2006-04-16</DateIssued>
        <IssuePrice>41545074</IssuePrice>
        <DescriptionOfPurpose>Construction and Capital Improveme</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>B</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>Educ Facilities Authority for Private Non-Profit</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>576000286</IssuerEIN>
        <CUSIPNumber>836896GE4</CUSIPNumber>
        <DateIssued>2006-07-06</DateIssued>
        <IssuePrice>46660000</IssuePrice>
        <DescriptionOfPurpose>Refunding and Capital Improvements</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <BondReferenceCd>C</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>Educ Facilities Authority for Private Non-Profit</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>576000286</IssuerEIN>
        <CUSIPNumber>836896JA4</CUSIPNumber>
        <DateIssued>2010-03-18</DateIssued>
        <IssuePrice>21867529</IssuePrice>
        <DescriptionOfPurpose>Refunding and Capital Improvements</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>43840225</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>240000</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>42713484</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2008</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <BondReferenceCd>B</BondReferenceCd>
        <AmountRetired>755000</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>47233539</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>305000</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>11050906</CapitalExpenditures>
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        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2008</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <BondReferenceCd>C</BondReferenceCd>
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        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>21867529</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
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        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>277059</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>1000000</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2012</YearOfSubstCompletion>
        <CurrentRefunding>true</CurrentRefunding>
        <AdvanceRefunding>true</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>B</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>C</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0</PrcntgePrvtBusinessUseByOthers>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <NoRebateDue>true</NoRebateDue>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <GrossProceedsInvestedInGIC>true</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>HYPE PUBLIC FINANCE</BusinessNameLine1>
        </NameOfGICProvider>
        <TermOfGIC>2.2</TermOfGIC>
        <RegulatorySafeHarborSatisfied>true</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <WrittenProcToMonitorReqs>true</WrittenProcToMonitorReqs>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>B</BondReferenceCd>
        <Form8038TFiled>true</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>WELLS FARGO</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>20.</TermOfHedge>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>true</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>TRINITY PLUS FUNDING</BusinessNameLine1>
        </NameOfGICProvider>
        <TermOfGIC>1.8</TermOfGIC>
        <RegulatorySafeHarborSatisfied>true</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <WrittenProcToMonitorReqs>false</WrittenProcToMonitorReqs>
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      <Form990ScheduleKPartIV>
        <BondReferenceCd>C</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <ExceptionToRebate>true</ExceptionToRebate>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfHedgeProvider>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>0</BusinessNameLine1>
        </NameOfGICProvider>
        <GrossProceedsInvested>false</GrossProceedsInvested>
      </Form990ScheduleKPartIV>
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        <BondReferenceCd>A</BondReferenceCd>
      </Form990ScheduleKPartV>
      <Form990ScheduleKPartV>
        <BondReferenceCd>B</BondReferenceCd>
      </Form990ScheduleKPartV>
      <Form990ScheduleKPartV>
        <BondReferenceCd>C</BondReferenceCd>
      </Form990ScheduleKPartV>
      <Form990ScheduleKPartVI>
        <Identifier>Proceeds for Issue</Identifier>
        <ReturnReference>Part II, Line 3 Column A</ReturnReference>
        <Explanation>Issue Price of the Bonds per Part I (E) $41,545,074 Investment earnings 2,295,151 Total Proceeds of Issue per Part II, Line 3 $43,840,225</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Identifier>Proceeds for Issue</Identifier>
        <ReturnReference>Part II, Line 3 Column B</ReturnReference>
        <Explanation>Issue Price of the Bonds per Part I (E) $46,660,000 Investment Earnings 889,182 Arbitrage Rebate Payment (315,643) Total Proceeds of Issue Part II, Line 3 $47,233,539</Explanation>
      </Form990ScheduleKPartVI>
      <Form990ScheduleKPartVI>
        <Identifier>Proceeds for Issue</Identifier>
        <ReturnReference>Part II, Line 3 Column C</ReturnReference>
        <Explanation>Issue Price of the Bonds per Part I (E) $21,867,530 Investment Earnings 5 Total Proceeds of Issue per Part II, Line 3 $21,867,535</Explanation>
      </Form990ScheduleKPartVI>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <TotalBalanceDue>0</TotalBalanceDue>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>NA</NameOfInterestedPerson>
        <RelationshipWithOrganization>N/A</RelationshipWithOrganization>
        <AmountOfGrant>2000</AmountOfGrant>
        <TypeOfAssistance>Tuition Discount</TypeOfAssistance>
        <PurposeOfAssistance>Athletic Scholarshisp</PurposeOfAssistance>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIII>
        <NameOfInterestedPerson>NA</NameOfInterestedPerson>
        <RelationshipWithOrganization>N/A</RelationshipWithOrganization>
        <AmountOfGrant>25000</AmountOfGrant>
        <TypeOfAssistance>Tuition Discount</TypeOfAssistance>
        <PurposeOfAssistance>Merit Scholarship</PurposeOfAssistance>
      </Form990ScheduleLPartIII>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Juan Johnson Consulting</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Owner is trustee of Univ.</Relationship>
        <AmountOfTransaction>120000</AmountOfTransaction>
        <DescriptionOfTransaction>consulting services</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartV>
        <Identifier>Business Transaction with Interested Person</Identifier>
        <ReturnReference>Schedule L, Part IV</ReturnReference>
        <Explanation>The transaction between the University and Juan Johnson Consulting is an arm's length transaction and conducted at fair market value.</Explanation>
      </Form990ScheduleLPartV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>14</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>$1.00 per book</MethodOfDeterminingRevenues>
      </BooksAndPublications>
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>86</NumberOfContributions>
        <NoncashContribsRptdF990>18989529</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>stock price</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>279045</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>independent value</MethodOfDeterminingRevenues>
      </SecuritiesCloselyHeldStock>
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Insurance Premiums</Description>
        <NumberOfContributions>2</NumberOfContributions>
        <NoncashContribsRptdF990>1970</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>cost</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Furniture</Description>
        <NumberOfContributions>4</NumberOfContributions>
        <NoncashContribsRptdF990>8811</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>appraisal</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Putt Teaching System</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>5419</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>selling Price</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Flight donation</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>2467</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>cost</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Team meals</Description>
        <NumberOfContributions>20</NumberOfContributions>
        <NoncashContribsRptdF990>11838</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>selling price</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Printing</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>600</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>selling price</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>Food and beverage</Description>
        <NumberOfContributions>11</NumberOfContributions>
        <NoncashContribsRptdF990>6839</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>cost</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
      <Form990ScheduleMPartII>
        <Identifier>Number of Contributions</Identifier>
        <ReturnReference>Schedule M-Part I, Column(b)</ReturnReference>
        <Explanation>Furman University is entering the number of contributions received of each type in accordance with the university's recordkeeping practices.</Explanation>
      </Form990ScheduleMPartII>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Review Process of 990</Identifier>
        <ReturnReference>Part VI, Section B, Line 11B</ReturnReference>
        <Explanation>The university's Audit Committee of the Board of Trustees reviewed the prepared Form 990 prior to filing with the IRS. Specific issues and/or questions that arose during the review process were addressed. To preserve the confidentiality of donors, the public disclosure copy of Form 990 was provided to the remaining voting members of the University's Board of Trustees prior to its filing with the IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Audited Financial Statements</Identifier>
        <ReturnReference>Part XII, line 2b</ReturnReference>
        <Explanation>Furman University has an annual audit and issues consolidated financial statements of the University and the Furman University Foundation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Conflict of Interest Policy</Identifier>
        <ReturnReference>Part VI, Section B, Line 12c</ReturnReference>
        <Explanation>The Conflicts of Interest Policy for the Board of Trustees is included in Section 9 of the Furman University By-Laws. Each member of the Board of Trustees is required to complete a Conflicts of Interest Disclosure Form at the first meeting of each academic year. Each Trustee shall disclose to the Board Chair any additional potential conflicts of interest at the earliest practical time. Additionally, the University has a Conflicts of Interest Policy for Employees with Executive or Administrative Responsibilities as the University recognizes that such employees have a duty of loyalty and fidelity in carrying out their responsibilities. This policy applies to those employees designated by the President as having executive or administrative responsibilities. Each such employee is required, at least annually, to complete the Questionnaire for Employees with Executive or Administrative Responsibilities. This questionnaire requires disclosure of any potential conflicts of interest and is administered by the Human Resoures Department.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Disclosure</Identifier>
        <ReturnReference>Part VI, Section C, Line 19</ReturnReference>
        <Explanation>Furman University makes its governing documents, conflicts of interest policy, and financial statements available upon request. Additionally, the University's consoldiated financial statements and Form 990 can be found on the Furman website. The consolidated financial statements are included on the NACUBO website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Compensation Process</Identifier>
        <ReturnReference>Part VI, Section B, Line 15</ReturnReference>
        <Explanation>The compensation of the University's President is determined annually by the Executive Committee of the Board of Trustees. The committee commissioned studies of peer institutions' executive compensation conducted by independent consultants. Final compensation is approved by the Executive Committee on an annual basis. The President's employment is guided by a written employment contract,signed by both parties. Additionally, the independent consultants review and analyze three of the officers' salaries annually. The three officers' salaries are selected by the independent consultants and are selected on a rotation basis. Executive Committee meetings are documented.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Transactions with Related Organization-Hollingsworth Funds Inc</Identifier>
        <ReturnReference>Schedule R, Part V, Line 2</ReturnReference>
        <Explanation>The Furman University Foundation (FUF) accepts gifts of real property on behalf of Furman University. FUF sold three real estate gifts during fiscal year 2013, and the net proceeds were granted to Furman University. Furman University applied the sale proceeds as directed by the donors to 1)partially fund the renovation of Furman's baseball stadium and 2) to fund endowed scholarships. fund endowed scholarships. Hollingsworth Funds, Inc.is a tax-exempt supporting organization under Section 509(a)(3) of the Internal Revenue Code, whose purpose is to support Furman University and other Greenville, SC based charities. For the year ended June 30, 2013 The Hollingsworth Funds made a cash grant of $2,280,275 to the University. The grant provided funding for The Hollingsworth Scholars Program, two endowed professorships in the departments of Economics and Business and Accounting, and specific needs of the Departments of Business and Accounting and Economics.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Audit Committee</Identifier>
        <ReturnReference>Part XII, Line 2c</ReturnReference>
        <Explanation>Furman University has an Audit Committee comprised of four members of the Board of Trustees. The Audit Committee assumes responsibility for oversight of the audit of the consolidated financial statements of the University. Additionally, the Audit Committee is responsible for the selection and retainment of the independent audit firm.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Furman University Foundation</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>3300 Poinsett Highway</AddressLine1>
          <City>Greenville</City>
          <State>SC</State>
          <ZIPCode>29613</ZIPCode>
        </AddressUS>
        <EIN>571061363</EIN>
        <PrimaryActivities>Foundation</PrimaryActivities>
        <LegalDomicileState>SC</LegalDomicileState>
        <ExemptCodeSection>501(c)3</ExemptCodeSection>
        <PublicCharityStatus>11b Type II</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Hollingsworth Funds Inc</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>124 Verdae Boulevard Suite 104</AddressLine1>
          <City>Greenville</City>
          <State>SC</State>
          <ZIPCode>29607</ZIPCode>
        </AddressUS>
        <EIN>571003814</EIN>
        <PrimaryActivities>Charitable</PrimaryActivities>
        <LegalDomicileState>SC</LegalDomicileState>
        <ExemptCodeSection>501(c)3</ExemptCodeSection>
        <PublicCharityStatus>11a Type I</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>false</ControlledOrg>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Charitable Remainder Unitrusts (10)</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>split interes</PrimaryActivity>
        <LegalDomicileState>SC</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>trust</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Charitable Remainder Annuity Trust (1)</BusinessNameLine1>
        </NameOfRelatedOrg>
        <PrimaryActivity>split interes</PrimaryActivity>
        <LegalDomicileState>SC</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>trust</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>true</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>true</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Hollingsworth Funds Inc</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>2280275</AmountInvolved>
        <MethodOfAmtDetermination>cash received</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Furman University Foundation</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>470628</AmountInvolved>
        <MethodOfAmtDetermination>sale proceeds</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Furman University Foundation</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>7084</AmountInvolved>
        <MethodOfAmtDetermination>SALE PROCEEDS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>Furman University Foundation</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>169551</AmountInvolved>
        <MethodOfAmtDetermination>SALE PROCEEDS</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>FURMAN UNIVERSITY FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>13500</AmountInvolved>
        <MethodOfAmtDetermination>NOTE RECEIVABLE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>UPCOUNTRY HISTORY MUSEUM</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>376124</AmountInvolved>
        <MethodOfAmtDetermination>OPERATING SUPPO</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>