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        <Explanation>MANAGEMENT DUTIES OF THE FOUNDATION ARE DELEGATED TO THE ARKANSAS COMMUNITY FOUNDATION, TO WHICH THE FOUNDATION IS A SUPPORTING ORGANIZATION.</Explanation>
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        <Explanation>THE FOUNDATION BOARD HAS DELEGATED THE RESPONSIBILITY OF FORM 990 REVIEW TO THE FINANCE COMMITTEE OF ITS SUPPORTED ORGANIZATION, ARKANSAS COMMUNITY FOUNDATION. A DRAFT WAS PROVIDED TO EACH MEMBER OF THE FINANCE COMMITTEE BEFORE IT WAS FILED.</Explanation>
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        <Explanation>THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES ALL BOARD MEMBERS, EMPLOYEES, AND ADVISORY BOARD VOLUNTEERS TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. ALL POTENTIAL CONFLICTS REPORTED ARE ANALYZED AND DISCLOSED IN AUDITED FINANCIAL STATEMENTS.</Explanation>
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          <State>AR</State>
          <ZIPCode>72201</ZIPCode>
        </AddressUS>
        <EIN>521055743</EIN>
        <PrimaryActivities>MEETING GENERAL CHARITABLE NEEDS WITHIN THE STATE OF ARKANSAS</PrimaryActivities>
        <LegalDomicileState>AR</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>LINE 7</PublicCharityStatus>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>0</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>0</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>1</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>ARKANSAS COMMUNITY FOUNDATION</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>M</TransactionType>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>