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        <FormAndLineReferenceDesc>SUPPLEMENTAL INFORMATION</FormAndLineReferenceDesc>
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        <ExplanationTxt>THE ARKANSAS STATE UNIVERSITY RED WOLVES FOUNDATION, INC.'S ENDOWMENT FUND WAS CREATED TO AWARD SCHOLARSHIPS TO ARKANSAS STATE UNIVERSITY ATHLETES.</ExplanationTxt>
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        <ExplanationTxt>A COMPLETE COPY OF FORM 990 IS PRESENTED FOR THE APPROVAL OF THE BOARD OF DIRECTORS DURING THE REGULARLY SCHEDULED BOARD MEETING.</ExplanationTxt>
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</Return>