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      </MortNotesPyblSecuredInvestProp>
      <TotalLiabilities>
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        <EOY>44067</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>278741</BOY>
        <EOY>290082</EOY>
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      <TemporarilyRestrictedNetAssets>
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        <BOY>4966126</BOY>
        <EOY>5379462</EOY>
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      <TotalNetAssetsFundBalances>
        <BOY>6071464</BOY>
        <EOY>6615092</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>6091772</BOY>
        <EOY>6659159</EOY>
      </TotalLiabNetAssetsFundBalances>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
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      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
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        <CurrentTaxYearMinus3Years>327716</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>549418</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1002045</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>604568</CurrentTaxYear>
        <Total>2816879</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>333132</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>327716</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>549418</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1002045</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>604568</CurrentTaxYear>
        <Total>2816879</Total>
      </Total170>
      <PublicSupportTotal170>2816879</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>155755</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>172181</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>179619</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>176917</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>178798</CurrentTaxYear>
        <Total>863270</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>3680149</TotalSupport>
      <PublicSupportPertcentage170>0.76540</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.75490</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
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        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
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        <Contributions>164159</Contributions>
        <InvestmentEarningsOrLosses>414291</InvestmentEarningsOrLosses>
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        <AdministrativeExpenses>99323</AdministrativeExpenses>
        <EndOfYearBalance>5379462</EndOfYearBalance>
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        <GrantsOrScholarships>43804</GrantsOrScholarships>
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        <AdministrativeExpenses>103951</AdministrativeExpenses>
        <EndOfYearBalance>4966126</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Buildings>
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        <Depreciation>18968</Depreciation>
        <BookValue>46558</BookValue>
      </Buildings>
      <Equipment>
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        <Depreciation>70157</Depreciation>
        <BookValue>70243</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>116801</TotalOfBookValueLandBuildings>
      <TotalRevenue>1081104</TotalRevenue>
      <TotalExpenses>543579</TotalExpenses>
      <ExcessOrDeficitForYear>537525</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>6103</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>6103</TotalAdjustments>
      <ExcessOrDeficitPerFS>543628</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>1203053</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>6103</NetUnrealizedGainsInvestments>
      <OtherRevenues>115846</OtherRevenues>
      <RevenueNotRptdF990>121949</RevenueNotRptdF990>
      <RevenueSubtotal>1081104</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>1081104</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>659425</TotExpensesEtcAuditedFinclStmt>
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      <ExpensesNotRptdF990>115846</ExpensesNotRptdF990>
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      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>543579</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4:</Identifier>
        <ReturnReference>Description of Intended Use of Endowment Funds:</ReturnReference>
        <Explanation>THE ORGANIZATION UTILIZES ENDOWMENT FUNDS BASED ON LEGAL RESTRICTIONS SUCH AS SCHOLARSHIP REQUIREMENTS AND FUNDING ENDOWED CHAIR POSITIONS AT KENTUCKY STATE UNIVERSITY.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>INTERFUND MANAGEMENT FEES: 115846.</Explanation>
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      <Form990ScheduleDPartXIV>
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      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>THE ORGANIZATION'S TREASURER AND OUTSIDE ACCOUNTANT REVIEW THE FORM 990 PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>THE BOARD OF TRUSTEES REVIEWS ITS CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND REQUIRES ITS MEMBERS TO REPORT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT THAT TIME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15a</Identifier>
        <Explanation>THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE COMPENSATION OF THE TREASURER ANNUALLY IN CONNECTION WITH THE BUDGET PROCESS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIALS AVAILABLE TO THE PUBLIC ON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART XI, LINE 2c:</Identifier>
        <Explanation>THE ORGANIZATION MADE NO CHANGES IN THE OVERSIGHT PROCESS OR SELECTION PROCESS REGARDING THE INDEPENDENT AUDIT FUNCTION.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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        </NameOfDisregardedEntity>
        <AddressUS>
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          <City>FRANKFORT</City>
          <State>KY</State>
          <ZIPCode>40601</ZIPCode>
        </AddressUS>
        <PrimaryActivities>PUBLIC UNIVERSITY</PrimaryActivities>
        <LegalDomicileState>KY</LegalDomicileState>
        <ExemptCodeSection>EXEMPT UNIVERSITY</ExemptCodeSection>
      </Form990ScheduleRPartII>
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      <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>0</SharingOfFacilities>
      <SharingOfPaidEmployees>0</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>