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      <FollowSFAS117>X</FollowSFAS117>
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        <EOY>787553</EOY>
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      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
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        <CurrentTaxYearMinus2Years>1006927</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>942236</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1025197</CurrentTaxYear>
        <Total>4929049</Total>
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        <CurrentTaxYearMinus1Year>942236</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1025197</CurrentTaxYear>
        <Total>4929049</Total>
      </Total170>
      <AmountsSubstContributorsTotal>0</AmountsSubstContributorsTotal>
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        <CurrentTaxYearMinus1Year>1070</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1216</CurrentTaxYear>
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      </GrossInvestmentIncome170>
      <NetUBI>
        <Total>0</Total>
      </NetUBI>
      <OtherIncome170>
        <Total>0</Total>
      </OtherIncome170>
      <TotalSupport>4941243</TotalSupport>
      <PublicSupportPertcentage170>0.99753</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.99542</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
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          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
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        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYearMinus3Years />
      <CurrentYearMinus4Years />
      <Land>
        <InvestmentCostOrOtherBasis>60000</InvestmentCostOrOtherBasis>
        <BookValue>60000</BookValue>
      </Land>
      <Buildings />
      <LeaseholdImprovements />
      <Equipment />
      <OtherLandBuildings>
        <InvestmentCostOrOtherBasis>15555</InvestmentCostOrOtherBasis>
        <Depreciation>9885</Depreciation>
        <BookValue>5670</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>65670</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>1026413</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>1026413</RevenueSubtotal>
      <TotalRevenuePerForm990>1026413</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1015220</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>1015220</ExpensesSubtotal>
      <TotalExpensesPerForm990>1015220</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>FIN 48 DISCLOSURE</Identifier>
        <ReturnReference>FORM 990, SCHEDULE D, PART X, LINE 2</ReturnReference>
        <Explanation>MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNIVERSITY OF ARKANSAS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>205 ADMINISTRATION BUILDING</AddressLine1>
          <City>FAYETTEVILLE</City>
          <State>AR</State>
          <ZIPCode>72701</ZIPCode>
        </AddressUS>
        <EINOfRecipient>716003252</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>146182</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>UNIVERSITY OF TULSA</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>800 SOUTH TUCKER DR</AddressLine1>
          <City>TULSA</City>
          <State>OK</State>
          <ZIPCode>74104</ZIPCode>
        </AddressUS>
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        <IRCSection>501(c)(3)</IRCSection>
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        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNIVERSITY OF ARKANSAS - FORT SMITH</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>5210 GRAND AVE</AddressLine1>
          <AddressLine2>PO BOX 3649</AddressLine2>
          <City>FORT SMITH</City>
          <State>AR</State>
          <ZIPCode>72913</ZIPCode>
        </AddressUS>
        <EINOfRecipient>710394794</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>9375</AmountOfCashGrant>
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        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNIVERSITY OF CENTRAL ARKANSAS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>MCCASTLAIN HALL - SUITE 001</AddressLine1>
          <City>CONWAY</City>
          <State>AR</State>
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        </AddressUS>
        <EINOfRecipient>716001828</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
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        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
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          <BusinessNameLine1>ARKANSAS TECH</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
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          <City>RUSSELLVILLE</City>
          <State>AR</State>
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        </AddressUS>
        <EINOfRecipient>716014834</EINOfRecipient>
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        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>NORTHWEST ARKANSAS COMMUNITY COLLEGE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>ONE COLLEGE DRIVE</AddressLine1>
          <City>BENTONVILLE</City>
          <State>AR</State>
          <ZIPCode>72712</ZIPCode>
        </AddressUS>
        <EINOfRecipient>710685540</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>20075</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>OKLAHOMA STATE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>113 STUDENT UNION</AddressLine1>
          <City>STILLWATER</City>
          <State>OK</State>
          <ZIPCode>74078</ZIPCode>
        </AddressUS>
        <EINOfRecipient>736017987</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>11200</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>LYON COLLEGE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 2317</AddressLine1>
          <City>BATESVILLE</City>
          <State>AR</State>
          <ZIPCode>72503</ZIPCode>
        </AddressUS>
        <EINOfRecipient>710246213</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>6500</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>SCHOLARSHIPS</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>8</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURES FOR MONITORING USE OF GRANTS</Identifier>
        <ReturnReference>SCHEDULE I, PART I, LINE 2</ReturnReference>
        <Explanation>ORGANIZATION REQUIRES MONTHLY REPORTING OF ALL GRANT EXPENDITURES BY EACH GRANTEE. BIANNUAL ONSITE AUDITS ARE CONDUCTED FOR EACH GRANTEE BY THEIR GRANT AWARDING OFFICE. A YEARLY REPORT IS REQUIRED BY EACH GRANT AWARDING OFFICE WITH FINANCIAL AND PROGRAM DATA.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>COMMITTEES</Identifier>
        <ReturnReference>PART VI, SECTION A, LINE 8b</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>REVIEW OF FORM 990</Identifier>
        <ReturnReference>PART VI, SECTION B, LINE 11a</ReturnReference>
        <Explanation>A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PUBLIC REVIEW OF GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS</Identifier>
        <ReturnReference>PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ORGANIZATION REQUIRES AN ANNUAL DISCLOSURE FORM TO BE FILLED OUT. ANY CONFLICTS OF INTEREST ARISING DURING THE YEAR ARE REQUESTED TO BE REPORTED AT THE BOARD MEETINGS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION OF OFFICERS</Identifier>
        <ReturnReference>PART VI, SECTION B, LINES 15a&amp;b</ReturnReference>
        <Explanation>THERE ARE NO PAID OFFICERS, DIRECTORS, OR KEY EMPLOYEES.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>