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        <InvestmentEarningsOrLossesAmt>8193051</InvestmentEarningsOrLossesAmt>
        <OtherExpendituresAmt>1000000</OtherExpendituresAmt>
        <EndYearBalanceAmt>37252308</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <BoardDesignatedBalanceEOYPct>0.05000</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.52000</PrmnntEndowmentBalanceEOYPct>
      <TermEndowmentBalanceEOYPct>0.43000</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>false</EndowmentsHeldRelatedOrgInd>
      <OtherSecuritiesGrp>
        <Desc>Financial derivatives and other financial products</Desc>
      </OtherSecuritiesGrp>
      <OtherSecuritiesGrp>
        <Desc>Closely-held equity interests</Desc>
      </OtherSecuritiesGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>Federal income taxes</Desc>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>Advance Received on Grant - Lyrasis</Desc>
        <Amt>21433</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>21433</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="990I" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>University of Pikeville</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>147 Sycamore Street</AddressLine1Txt>
          <CityNm>Pikeville</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>41501</ZIPCd>
        </USAddress>
        <RecipientEIN>610444788</RecipientEIN>
        <CashGrantAmt>57600</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Berea College</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>101 Chestnut Street</AddressLine1Txt>
          <CityNm>Berea</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>40403</ZIPCd>
        </USAddress>
        <RecipientEIN>610444650</RecipientEIN>
        <CashGrantAmt>70800</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Ferrum College</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>109 Ferrum Mountain Road</AddressLine1Txt>
          <CityNm>Ferrum</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>24088</ZIPCd>
        </USAddress>
        <RecipientEIN>540506457</RecipientEIN>
        <CashGrantAmt>95000</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Union Commonwealth University</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>310 College Street</AddressLine1Txt>
          <CityNm>Barbourville</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>40906</ZIPCd>
        </USAddress>
        <RecipientEIN>610461768</RecipientEIN>
        <CashGrantAmt>57600</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Emory &amp; Henry University</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>PO Box 947</AddressLine1Txt>
          <CityNm>Emory</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>24327</ZIPCd>
        </USAddress>
        <RecipientEIN>540505892</RecipientEIN>
        <CashGrantAmt>60825</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Maryville College</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>502 E Lamar Alexander Pkwy</AddressLine1Txt>
          <CityNm>Maryville</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37804</ZIPCd>
        </USAddress>
        <RecipientEIN>620475691</RecipientEIN>
        <CashGrantAmt>56842</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Mars Hill University</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>100 Athletic Street</AddressLine1Txt>
          <CityNm>Mars Hill</CityNm>
          <StateAbbreviationCd>NC</StateAbbreviationCd>
          <ZIPCd>28754</ZIPCd>
        </USAddress>
        <RecipientEIN>560554207</RecipientEIN>
        <CashGrantAmt>57749</CashGrantAmt>
        <PurposeOfGrantTxt>Financial Education for Students</PurposeOfGrantTxt>
      </RecipientTable>
      <TotalOtherOrgCnt>7</TotalOtherOrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Student Scholarships</GrantTypeTxt>
        <RecipientCnt>49</RecipientCnt>
        <CashGrantAmt>161828</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Faculty Fellowships</GrantTypeTxt>
        <RecipientCnt>32</RecipientCnt>
        <CashGrantAmt>354919</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Library Staff Professional Development</GrantTypeTxt>
        <RecipientCnt>18</RecipientCnt>
        <CashGrantAmt>20655</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>Procedures for Monitoring Grants - After a strict application process, grants are awarded to member institutions on behalf of individuals in the form of student scholarships, faculty fellowships, and other professional development awards. All awards are used for educational purposes.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="990J" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Nancy E Rushing - Appalachian Colle</PersonNm>
        <TitleTxt>President</TitleTxt>
        <BaseCompensationFilingOrgAmt>175171</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>17544</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>9596</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>202311</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>Larry Hall - Appalachian College As</PersonNm>
        <TitleTxt>Vice President</TitleTxt>
        <BaseCompensationFilingOrgAmt>133216</BaseCompensationFilingOrgAmt>
        <DeferredCompensationFlngOrgAmt>14229</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>9974</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>157419</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="990O" softwareId="24019898" softwareVersionNum="24.0.1.0">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part IV, Section A, Line 1A</FormAndLineReferenceDesc>
        <ExplanationTxt>Delegate Broad Authority Due to its tax-exempt status, the ACA is not subject to U.S. federal or state income tax and does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, Line 6</FormAndLineReferenceDesc>
        <ExplanationTxt>Classes of Members Any indpendent, four-year college or university located in the Appalachian region of Kentucky, Georgia, North Carolina, Ohio, Tennessee, Virginia, or West Virginia is eligible for membership provided it is accredited by a CHEA-recognized accrediting agency and offers a broad range of academic programs in the arts and sciences.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>Review of Form 990 The organization informs its Board that a copy of Form 990 is available for review upon request. Form 990 is reviewed by Finance Committee members, the President, and Accounting Department staff.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>Conflict of Interest Policy ACAs Conflict of Interest Policy is outlined in its employee manual and new Board member packet. Stakeholders are encouraged to report any potential conflict of interest.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>Establish Compensation All compensation and benefit payments to officers and employees are submitted to the Full Board for review and approval through the organizations annual budget process.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, Line 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>Compensation of Employees See response for Line 15A above.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part III, Section Schedule A, Line 12</FormAndLineReferenceDesc>
        <ExplanationTxt>Schedule A - Part III - Section B - Line 12 Other Income Miscellaneous Income - Column A 2020 - 12,349 Column B 2021 - 116,614 Column C 2022 - 9,878 Column D 2023 240 Column E 2024 - 0 Column F - 139,081</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>