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          <RecipientPhoneNum>2159793400</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>FOUNDATION MAKES GRANTS TO PUBLIC CHARITIES. NO GRANTS ARE MADE TO PRIVATE OR OPERATING FOUNDATIONS OR TO INDIVIDUALS.</RestrictionsOnAwardsTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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          </RecipientUSAddress>
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          <RecipientUSAddress>
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          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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        <StockNm>AMERICAN REALTY TRUST REIT</StockNm>
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        <StockNm>HOMEBANCSHARES (FORMERLY STONEGATE BANK)</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>MCDONALDS CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; CO</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>RAYTHEON TECHNOLOGIES CORP</StockNm>
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        <EOYFMVAmt>715100</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY CO (HOLDING CO)</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MGMT INC NEW</StockNm>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>988120</EOYFMVAmt>
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        <EOYFMVAmt>466300</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BANK OZK AR US</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ENTERPRISE PRODUCTS PARTNERS LP</CategoryOrItemTxt>
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        <EOYFMVAmt>783600</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>616560</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>3380</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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      <InvestmentsOtherGrp>
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      <InvestmentsOtherGrp>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>QUAKER BIOVENTURES II LP</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
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      <InvestmentsOtherGrp>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>1848000</EOYFMVAmt>
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      <InvestmentsOtherGrp>
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        <EOYFMVAmt>9538</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
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      <OtherIncomeDetail>
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    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MGMT FEE</CategoryTxt>
        <Amt>81665</Amt>
        <NetInvestmentIncomeAmt>81665</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>6498</Amt>
        <NetInvestmentIncomeAmt>6498</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX EXPENSE</CategoryTxt>
        <Amt>22500</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL UBI TAX EXPENSE</CategoryTxt>
        <Amt>10000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE TAXES</CategoryTxt>
        <Amt>0</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
